The Roaring 20’s: January 7, 2020

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Jim Cramer: ‘Endless buying of gold’ suggests fear in the markets
The investment community seems to be underestimating the potential fallout from rising tensions between the United States and Iran, CNBC’s Jim Cramer warns.

Almost $300 Million Stolen From Crypto-Exchanges In 2019
…cryptocurrency exchanges have to do better in terms of industry standards and security practices.

Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and 510,000 user logins were stolen from crypto exchanges in 2019. Cryptocurrency exchanges experienced more hacks last year than in 2018, when only nine cryptocurrency exchanges fell victim to security breaches… (Continue to full article)

Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period
If the Federal Reserve was looking for a media lockdown on news about the trillions of dollars in cumulative repo loans it has funneled quietly to Wall Street’s trading houses since September 17 of last year, it could not have found a better cloud cover than Donald Trump. First the impeachment proceedings bumped the Fed’s money spigot from newspaper headlines.

Then, this past Friday, as the Fed released its December meeting minutes at 2:00 p.m., with its highly anticipated plans to be announced for the future of this vast money giveaway to Wall Street, that news was ignored as the media scrambled to cover Trump’s “termination” of General Qasem Soleimani, the head of Iran’s Quds Force, which raised the immediate specter of a retaliatory strike against the U.S. by Iran. The Fed’s minutes revealed that after multiple expansions of this …… (Continue to full article)

Why Is Wall Street the Only Industry in America With Access to the Fed’s Endless Money Machine?
Consumers represent two-thirds of GDP in the United States. And yet, when consumers run into trouble, they don’t get a handout from the Federal Reserve – they are forced to file bankruptcy. There are no Fed handouts to small business owners, farmers, or main street merchants either. So why is it exactly that the trading houses on Wall Street, with a serial history of crimes and with the most overpaid and under-punished executives on the planet, are able to perpetually have secret communications with the New York Fed and magically turn on the flow of trillions of dollars of ridiculously cheap loans to bail out their hubris and corruption… (Continue to full article)

Copper Is Positioned for a Stellar Performance in 2020’s
As we (enter the new year), and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.

There are a number of compelling reasons to expect a major bullmarket in copper. For a start we have seen continuing robust consumption from China while mine supply has stagnated. Secondly, demand for copper for use in Solar and Wind alternative electricity generation is expected to grow steadily in coming years, especially Solar, and these technologies require the use of a lot of copper. Thirdly, due to onerous new legislation… (Continue to full article)

Santa Claus rally in gold and silver crowns a very good year
“It’s a new year and decade and gold is poised to follow the dollar and equities to new highs, in our view. When, should be the primary question, particularly when the stock market and greenback succumb to some normal mean reversion. Absent a new higher dollar and stock-price plateau, gold is set to join the all-time-highs club. Gold prices are on a sound footing for further advancement in the coming year and decade, in our view. Gold prices are on a sound footing for further advancement in the coming year and decade, in our view.”… (Continue to full article)

Favorable Conditions Are Likely To Propel Silver Much Higher
With the significant decline in the US Monetary Base since 2016 (see here), there are some serious threats facing the monetary system.

These are setting up really favourable conditions for Silver prices and the position it has in the international monetary system. The expectation for much higher Silver prices are certainly reflected in the charts… (Continue to full article)

One Way to Confiscate Gold / Silver – Declare It “Treasure”
What would you do if you were out with your metal detector and found some jewelry, a handful of gold and silver coins and maybe some broken pieces of gold jewelry? Would you run home, call the local authorities and ask them for guidance? Would you contact some government official to seek guidance? If you did you should expect what these people received – having their gold and silver stolen.

For me, one of the greatest attributes of physical gold and silver is anonymity. If you acquire precious metals through a local coin dealer it would be a transaction that is between the two people involved and no one else. If I were to find some random gold and/or silver coins, bars, jewelry out in field, at the beach or elsewhere – no one would know about the find. I like this idea and the government hates it. Who should be involved in my personal business aside from wife / spouse? No one!!! (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
Call or TEXT: 1 – 602 – 799 – 8214
gold@morganapreciousmetals.com

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