November 2, 2020: The Eve of Destruction?


The next bear market will be the worst in at least 78 years
Jim Rogers once again hammered home the idea that the flood of money flowing from central banks are artificially keeping markets around the world afloat. He’s been calling for a nasty selloff for a while now!

“This is probably the worst [crisis] that I have seen in my lifetime, because everything collapsed and you had politicians and media and everybody overreacting in my view, and everybody closed down. We’ve had many epidemics in history, but never before did they close McDonalds, never before did they close all the airlines.”… (Continue to full article)

2020 Is 82% Finished
The Banks will fight every uptick in the final days in order to keep gold from finishing the quarter and the year with a price that begins with a “2”…

The year 2020 has been a disaster on so many levels that it’s almost impossible to summarize. However, one thing that has been a positive is the continued rally in the precious metals. After a 2019 that acted a lot like 2010, we speculated last January that this year would see more of the same. While we couldn’t have predicted the Covid Crisis, we did predict $1800 gold in 2020…and price has so far surpassed that goal by about 15%!… (Continue to full article)

The Fed’s Balance Sheet May Be Headed to $40–$50 Trillion
Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some people believe that, but if the economy was so great why did the Fed keep interest rates at zero and its balance sheet at $4 trillion?

The world’s central banks must take whatever paper governments issue. The result by the end of the decade will be… (Continue to full article)

Gold and Silver Prepare For Another Price Advance
As we continue to near the November 3rd election day, Precious Metals have continued to trade within a narrow range suggesting price support is staying strong. It is my belief that potential downside risks for Gold and Silver will be relatively short-lived after the election. We believe the broad market decline witnessed on October 26, 2020, where the Dow Jones fell over 700 points, coupled with the fact Gold and Silver barely budged throughout the selloff, suggests support for Precious Metals has reached a “battle line”… (Continue to full article)

“de Shadow knows…”

The Dow Has Lost 1,815 Points in the Past Three Trading Sessions: The Wall of Worry It Was Climbing Has Become a Wall of Chaos
On Monday the Dow Jones Industrial Average closed down 650 points. On Tuesday, the Dow lost another 222 points. Yesterday, the Dow closed near the lows of the day, plunging 943 points by the closing bell. The pain was broad-based with only one of the Dow’s 30 component stocks closing in the green: that was The Travelers Companies, a property and casualty insurer. Market sentiment has turned bearish in no small part because of the unrelenting pandemic, the lack of a new stimulus bill from Congress, and the selloff in oil… (Continue to full article)

JP Morgan the Pirate (Jamie Dimon)

Despite Its Five Felony Counts, the Federal Reserve Has Entrusted $2 Trillion in Bonds to JPMorgan Chase
Imagine that your neighbor across the street had been criminally charged with five felony counts for financial crimes in the past six years and admitted to committing each and every crime to the U.S. Department of Justice. Would you put one-third of all of your money in a safe, give that neighbor the combination, and ask him to hold the safe in his house for you? You would probably be suited up for a straight jacket if you did something like that. That’s effectively what the Federal Reserve, the central bank of the United States, has done when it comes to JPMorgan Chase… (Continue to full article)

Gold and silver both trade higher heading into the European open
Heading into the European cash open gold (0.32%) and silver (1.33%) are trading higher. There are lots of key data points this week but the main event has to be the US election. At the moment Joe Biden (Democrat) is leading in the polls but some of the key swing states are looking too close to call. According to the New York Times/Siena College polls, Biden leading the race in Pennsylvania, Florida, Arizona and Wisconsin, a quartet of key swing states that Trump carried in 2016. Conversely, FOX News is reporting that Biden’s lead in the polls has narrowed to just 8 points, it does look like this election could go down to the wire… (Continue to full article)

Take a Deep Breath… and prepare for the end – or the beginning!

Do We Really Need More Stimulus to Print More Millionaires & Billionaires, Enrich Fraudsters, Balloon the People who need support, should get support. As for the rest? On my soapbox, wildly wagging consumer income and spending data.
Weirdest economy ever, powered by stimulus money, and the now expired extra unemployment money, and money from rents-and-mortgage-payments-not-made, and money from cash-out mortgage refis of at record low interest rates. And folks “in aggregate” – all mixed together, with all inequalities papered over – are spending record amounts on goods, a lot of which are imported, but they’re not spending on services – not because they don’t have the money but because they have Pandemic-reasons for not buying those services… (Continue to full article)

Gold Is the Winner of the U.S. Presidential Election
If we take a look at the Federal Reserve’s balance sheet and how it’s exploded under this cycle compared to 2008–2009, simple math would suggest in the next three years gold could be $4,000/ounce. The other big part is the inflationary number, because it’s changed several times. If you use the inflationary algorithm, when gold hit $850 and silver $50, inflation was over 18%, today we have inflation running 8% so gold would be valued about $7,000. So I comfortably feel that in the next three years, in this next cycle, we could see gold double from here based on just the U.S. money printing… (Continue to full article)

Now Even Goldman’s Saying To Buy Silver
For years, the investment banks have talked about gold and silver as if you had to be a lunatic nut-wing to buy either of them.

But now, a rapidly growing group of investment banks, including Goldman Sachs, is even talking about $50 silver… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday 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.

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