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Three Things You Didn’t Know About The Crash Of 1929

October 28, 1929 – 90 years ago – is known as ‘Black Monday’ in financial circles.

The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381.

But throughout September and October, nervous investors began pulling their money out of the market.

And over a three day period in late October (including Black Monday), the market lost more than 30% of its value. Continue reading

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What In The World Is The Federal Reserve Thinking???

You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. So I was horrified to learn that the Federal Reserve announced on Wednesday that interest rates are being slashed once again. We have now had three interest rate cuts in 2019 as the Federal Reserve desperately attempts to revive the stalling U.S. economy. Continue reading

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The Dark Days of October: Time Runneth Out

DEheadlines_orig

Will Social Security Be There for You? Status of the Social Security Trust Fund in Fiscal 2019
The world is getting used to gold and silver at their new price levels after a summer rally and more surprise could soon be in store for the precious metals sector. The Social Security Trust Fund is benefiting from the increase of workers – particularly millennials, the largest generation ever – and from rising wages that trigger higher Social Security deductions. And the date when the trust fund is depleted keeps getting moved out further, currently estimated to occur in 2034.

“Don’t rely on Social Security”: Inflation adjustments are punitively low, and benefits become more inadequate as you age… BESIDES – most of you reading this are already receiving SSI “Benefits” – it’s your CHILDREN that will not see them. (Continue to full article)

Here’s What I’m Worried About with the Everything Bubble
All these investors cared about is the likelihood that the cash-burning company would be able to raise new money from new investors, such as by issuing new bonds or new shares, so that it could pay off and remunerate the existing investors. And existing stockholders counted on this new money to keep the company afloat and share prices sky-high.

Some companies, such as WeWork, are now running into trouble with this scheme. And the unicorns that recently sold shares to the public via IPOs have seen their share prices plunge… (Continue to full article)

The New “Warren Commission” Demands Repo Loan Answers as NY Fed Repo Data Disappears
From this past Friday evening through Sunday, if you clicked on any of the web pages at the New York Fed pertaining to the hundreds of billions of dollars it has been pumping out weekly to Wall Street’s securities firms since September 17, you saw the message below: We emailed the New York Fed’s media contact and asked why all of the other web pages at the New York Fed were working just fine but only its repo operation data and announcements had up and disappeared. We received no response. The web pages have since been restored with some tweaking that seems to have the intent of making this massive money spigot to Wall Street, for the first time since the financial crisis, appear to be just your ole run of the mill open market operation from your ole reliable. ‘Lieawatha’ fails again… (Continue to full article)

…chuggin’ along

Gold Continues to Look Attractive in a Low-Rate Environment
Bad news is good news. Policymakers and heads of states see the threat of a slowdown and are more likely to enact stimulus measures to prevent a full-blown recession. This is especially the case in nations with upcoming federal elections—the biggest one being the U.S. presidential election.

President Donald Trump is under pressure from a series of House investigations, not to mention an impeachment inquiry that’s near guaranteed to result in official articles of impeachment. Be that as it may, Trump is the only U.S. president that I’m aware of who sees the market as a barometer of his policies’ success. Every morning, after he wakes up and coifs his hair in the mirror, he wonders what his administration can do to drive stocks higher… (Continue to full article)

Giddy Up! Mortgage Refis Decline Most In Three Years (Fed To The Rescue?)
Some of the decline is due to smaller pool of eligible borrowers following a “refi wave.” But still, The Federal Reserve may be prodded into action like in the song “Elvira.” Giddy up!

The MBA purchase applications index fell by 3.5% from the previous week, which is understandable since it is October and the October Country from home sales and purchase applications…. (Continue to full article)

Yes, Gold “Just Sits There” and That’s Quite a Feat
The Wall Street Journal’s Jason Zweig famously referred to gold as a “Pet Rock” in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.

The valuable roles played by gold have been well covered here. It’s a hedge against both inflation and deflation, it represents true diversification for portfolios stuffed with conventional securities, and it is a way of protecting wealth during tumultuous times… A gold coin or bar never degrades, is always valuable and is uniquely insulated from risk. What other asset can deliver such assurances over the next 100 years? “C’mon T.C. let’s git the gold out their teeth!” (Continue to full article)

Hi-Ho Silver, awaaay

Start thinking about silver before it becomes popular again
Most of the silver mined this year will be used up in industrial production. So the companies that make fancy tableware or dentists’ drills will need new supplies of silver next year in order to manufacture more product.

If those companies are growing, they’ll need even more silver… so, as long as the global economy generally keeps growing, industrial silver demand should keep growing.

But silver production is actually falling… so silver prices should increase as a result… (Continue to full article)

“Gold, Mr. Bond.”

Gold: Tool of Liberty and Freedom
Gold has been money for thousands of years. It was recently brought back to central banks balance sheet in the form of making gold a Tier 1 asset, which makes gold, for all intents and purpose, money as it is now treated the same as bonds and currency. This is setting the table for more changes where gold is concerned.

As anyone knows that follows the work we do here, what is happening with gold and silver remain our primary focus. Liberty, which comes from God, stands on a golden foundation. Commerce, which societies and economies form around, is best served by through the use of silver and gold as currency… (Continue to full article)

Promises broken…

What do you think you’ll do then?
I bet that’ll shoot down your plane
It’ll take you a couple of vodka and tonics
To set you on your feet again…

Gold Looks Good And Silver Looks Great
For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price. Silver looks stronger than gold, but gold is also looking very solid, from both a fundamental and technical perspective.

Whether silver breaks out from the bull wedge now or a bit later really doesn’t matter. My recommendation to silver price enthusiasts is to get in on the action right now and buy more on any further price softness, which may or may not happen… (Continue to full article)

“To the moon, Alice. Right to the moon!”

Goodbye Middle Class: 50 Percent Of American Workers Make Less Than 33,000 Dollars A Year
The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media. Yes, about 10 percent of all American workers are making $100,000 or more a year, but most of those high paying jobs are concentrated in the major cities along the east and west coasts. For much of the rest of the country, these are very challenging times as the cost of living soars but their paychecks do not… (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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The Dark Days of October: Twenty-Two Nineteen

DEheadlines_orig

Sprott: Silver is going up
The world is getting used to gold and silver at their new price levels after a summer rally and more surprise could soon be in store for the precious metals sector.

There is going to be a shortage of silver. We get information from dealers looking for supply and paying premiums, which is almost unheard of. And when I look at the amount silver going into ETFs and going into India, there is no way that there is not going to be a shortage… (Continue to full article)

They Are Telling Us That The Next Recession “Won’t Be As Bad As 2008”. They Are Wrong
Are we really supposed to believe them? As the next recession rapidly approaches, the mainstream media is assuring us that there isn’t really that much to be concerned about. In fact, as you will see below, CNN is assuring us that “the next one won’t be as bad as 2008”. But how do they know? After all, we didn’t have a president that was in danger of being impeached in 2008. As this impeachment process moves forward, the mood of this nation is going to become increasingly sour… (Continue to full article)

Gold: Tool of Liberty and Freedom – Claudio Grass
Gold has been money for thousands of years. It was recently brought back to central banks balance sheet in the form of making gold a Tier 1 asset, which makes gold, for all intents and purpose, money as it is now treated the same as bonds and currency. This is setting the table for more changes where gold is concerned… (Continue to full article)

$1,500 Gold and $17 Silver – Nixon and Inflation
In our quest to better educate people we are always seeking a variety of ways to look at gold and silver that make it easy for people to understand as well as showing very realistic reasons for holding the precious metals in their portfolio. At this stage of the economic shift if you don’t own / posses some precious metals you really should reconsider your position. I’m not telling you to rush out load up or even acquire any, just suggesting it might be a good time to review our latest finding… (Continue to full article)

Currencies Show A Shift to Safety And Maturity – What Does It Mean?
Recent rotation in multiple foreign currencies hints at the fact that a new stage of the “Capital Shift” process is taking place and that skilled technical investors need to pay very close attention to how these currencies continue to react over the next 3 to 6+ months. In the recent past, most of the world’s foreign currencies were declining in value while the US Dollar continued to strengthen.

Now that a few of the world’s most mature economies, and some that may surprise you, are starting to change directions, we may be beginning a new stage of the “capital shift” process that may open up multiple new opportunities for skilled technical traders. As the old saying goes, “follow the money”… (Continue to full article)

Winter draws nigh, but the temp remains HOT…

Nearly Half Of US Consumers Report Their Incomes Don’t Cover Their Expenses
Low-income consumers are struggling to make ends meet despite the “greatest economy ever,” and if a recession strikes or the employment cycle continues to decelerate — this could mean the average American with insurmountable debts will likely fall behind on their debt servicing payments, according to a UBS report, first reported by Bloomberg.

UBS analyst Matthew Mish wrote in a recent report that 44% of consumers don’t make enough money to cover their expenses… (Continue to full article)

Black: Start Thinking About Silver Before It Gets Popular Again
Gold is pretty unique; while there’s a fair amount of demand for gold from the jewelry industry, and a bit of gold used in industrial production, the key driver of gold demand is from investors, foreign governments, and central banks.

When times are tense, people buy gold and the price goes up. And as we’ve been discussing, foreign central banks are starting to dump their US dollars for gold, scooping up hundreds of metric tons of the stuff. But silver is different… (Continue to full article)

Many Americans say their financial situation is worse since the Great Recession
The Great Recession has officially been over for a decade, but for many Americans, there’s still little reason to celebrate.

More than half of Americans who were adults amid the Great Recession said they endured some type of negative financial impact, Bankrate found. And half of those people say they’re doing worse now than before the crisis… (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

Posted in Double Eagle Headlines | Comments Off on The Dark Days of October: Twenty-Two Nineteen

Dreams of Prosperity and an Inflated Currency: Eradicate the Federal Reserve Bank

“Long before we wake up from our dream of prosperity through an inflated currency, our gold, which alone could have kept us from catastrophe, will have vanished and no rate of interest will tempt it to return.” ~ U.S. Senator Elihu Root (R-NY) 1913

Puck cartoon of Senator Nelson Aldrich circa 1906

The Federal Reserve Bank has been a bone of contention, since our nation’s founding. This rogue agency has proven itself to be the evil entity that many early American leaders believed it to be, but not one word on the Fed was forthcoming, when Congresswoman Maxine Waters announced the schedule of the House Financial Services Committee on October 3rd, after the Federal Reserve Bank started transferring billions of dollars into the Repurchasing Market on September 17th. This activated its proposal to hand seventy-five billion dollars a day to unnamed banks on Wall Street, until November 4th, the first such intervention since the 2008 economic collapse and the bailout of financial organizations deemed “too big to fail”; and, it is just one more criminal act in a long line of abuses committed against all America. Continue reading

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Here’s Why The Gold Price Could Really Soar Over The Next Two Years

At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal. This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes.

They were the tech entrepreneurs of their day, famous for their bold, absurdly expensive, and extremely high-risk ideas that often ended in catastrophic failure (or the mental/physical enslavement of countless people). Continue reading

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Dateline: October 15, 2019

DEheadlines_orig

Expect gold price volatility as Wall Street bears take control
Volatility is alive and kicking in the gold market as Wall Street bears take near-term momentum away from the bulls with prices expected to fall next week, according to the latest Kitco News Weekly Gold Survey.

However, Main Street investors refuse to give up on the gold rally as they continue to expect prices to push higher next week… (Continue to full article)

Gold prices to return to $1,500 levels soon – analysts
Even though gold was getting beaten up on Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon.

Gold fell more than 1% on Friday with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce… (Continue to full article)

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years
Sadly, the truth is that our planet and everything that lives on it is rapidly deteriorating. And I am not talking about the false environmentalism being pushed by the mainstream media, Greta Thunberg and countless well-funded NGOs. What I am talking about is the stuff that is happening right in our face. We are systematically poisoning our planet, thousands upon thousands of species are going extinct, and we are literally running out of all of our most important natural resources. There isn’t going to be enough of anything in the not too distant future… (Continue to full article)

Will 2019 be the year of the big breakout for gold?
“In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when gold breaks the restraints and pushes to higher ground

With respect to gold’s relationship to the dollar, Gold’s got its own momentum now. . .It is all setting-up for higher gold prices and trouble for equities, trouble for the economy…. (Continue to full article)

Gold Demand Fragile
Gold investment demand was strong in the months following gold’s decisive breakout to new bull-market highs in late June. The metal’s upside momentum fueled big capital inflows, accelerating its gains. But soon after gold’s upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thus recent gold demand is fragile – and yet – we have been watching the spreads above spot slowly continue to increase – as there is MORE demand than an article of this type will admit to… (Continue to full article)

Monetary failure is becoming inevitable
Few observers seem aware that an economic and systemic crisis will occur at a time when government finances are already precarious. However, the consequences are unthinkable for the authorities, and for this reason it is certain such a downturn will lead to a substantial increase in monetary inflation. The scale of the problem needs to be grasped in order to assess how destructive it will be for government finances and ultimately state-issued currencies… and this WILL affect each of us! (Continue to full article)

$1,800 Gold…$2,200 Gold… What Next, $2,500 or $3,000 Gold?
While these figures may seem a little crazy and a lot crazy high, they are actually well within the realm of reality, especially, if we are talking about gold exchanged for non-U.S. currencies. Remember, gold is poised to climb higher this week with China returning from holiday after having been away for the past week.

If your planning a trip to Vietnam anytime soon it would be advisable to skip past the gold shops. Sure, stop in to take a look at all the variety of gold jewelry, bars and medallions that are unavailable in the U.S. but don’t bother adding any of it to your stack. Gold in Vietnam is running above $1,800 an ounce… (Continue to full article)

Many Americans say their financial situation is worse since the Great Recession
The Great Recession has officially been over for a decade, but for many Americans, there’s still little reason to celebrate.

More than half of Americans who were adults amid the Great Recession said they endured some type of negative financial impact, Bankrate found. And half of those people say they’re doing worse now than before the crisis… (Continue to full article)

Promises to be kept…

Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming
The Fed’s balance sheet had been bloated to the unprecedented level of $4.5 trillion by buying up bonds from Wall Street’s teetering banks during the financial crisis. The Fed likes to give its Wall Street bailouts fancy names to disguise their real purpose. This one was called Quantitative Easing or QE. From November 2008 until October 2014, the Fed deployed three rounds of QE – QE1, QE2 and QE3. The final one was known on Wall Street as QE-Infinity since it appeared to be open-ended… (Continue to full article)

J.P Morgan Warns About The “State” of the American Consumer
J.P. Morgan has taken to issuing warnings over the mental state and overall health of the American consumer’s habits. As a nation, we are deeply indebted to consumerism and that’s what is currently keeping the fragile economy afloat… Well, YEAH – these Pirates have been setting us up for the fall for years!!! (Continue to full article)

Back around 1972, the movie ‘Shaft may have been telling us more than we really wanted to know! The people were shafted then, it has happened since (Enron) and it is happening again…

Silver’s Short-Term Charts Indicate Long-Term Bull Trend Moves
For most of 2019, the emerging trends in the precious metals space have been undeniably strong. Many analysts (possibly a majority of the financial analyst community) seemed to think that these types of events were impossible, given the fact that the S&P 500 was on a clear course to continue posting record highs.

However, when this type of enthusiasm in equities reaches an extreme, it’s often a good idea to start looking at the precious metals space as a protective buffer against the growing potential for downside volatility… (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

Posted in Double Eagle Headlines | Comments Off on Dateline: October 15, 2019

In the words of Bonnie Raitt…

…something to talk about!

Posted in Viewpoint | Comments Off on In the words of Bonnie Raitt…