Half the year is over and all you will hear on CNBC and the rest of the captured corporate media is about the ongoing bull market in stocks. You won’t hear about the real bull market. Stocks haven’t gone anywhere in the last 20 months. Their QE created bull market ended in October 2014 when the liquidity spigot was shut off.
Even in this rigged market, with the Fed directly buying through their intermediaries, corporations buying back hundreds of billions of their own stock, and HFT machines programmed to buy by the Wall Street cabal, stocks have barely made any gains in the first six months.
The real bull market, which shall not be mentioned, is revealing the failure of central bankers around the world to debase their way to prosperity. If every country in the world attempts to debase their currency at the same time, there can be only one winner – precious metals. Look who’s winning YTD:
- Silver – up 48%
- Gold – up 27%
- S&P 500 – up 4%
- Dow – up 4%
- Nasdaq – down 3%
All shall be revealed in the fullness of time. Gold and silver are revealing the failure of the Fed and their establishment puppeteers in their quest to sustain an unsustainable economic system.
The problem with gold -and silver as well- is that it can be outlawed and ordered turned in at the stroke of a pen.
It’s been done before and it can, some say probably will, be done again.
Anyone not complying will be dealt with about the same as a Heroin, Crack or Meth trafficker.
Absolutely!! When in Kanuckistan, it has been widely reported on by the media that Skippy just sold off his last 100 ounces,….. we all know the vault is therefore empty.
Not sure where we stand at Ft Knox….. dare we say empty as well?
Jim Grant: “Gold Is An Investment ‘In’ Monetary Disorder”
by Tyler Durden
Jul 4, 2016 2:05 PM
In an interview at the 2016 Mauldin Economics Strategic Investment Conference, legendary investor Jim Grant noted, “Cash simply enables one to retain wealth, with an eye towards being opportunistic.”
Raising cash and reducing your exposure to volatile financial markets in turbulent times obviously make sense. The key, of course, is finding a safe, profitable investment opportunity to deploy your cash.
The founder of Grant’s Interest Rate Observer believes gold may be that investment. In the interview, he went on to say, “Gold isn’t so much a hedge against Armageddon… as it is against monetary shenanigans.”
He also noted he expects gold to continue moving up: “When the economic establishment encourages the idea that gold is ‘good for nothing,’ it’s almost always a good time to buy [gold].”
Yes gold is up 48% from it’s bottom, but by the same token gold is still way off it’s highs (and will probably surpass it’s old highs) Everything that goes up will eventually peak, and then head down when capital starts cashing out and moving into something else. imho