Wednesday, March 30, 2022

David Morgan: The Run To Gold is On?

Gold made a run for the record high as Ukraine concerns and inflation risks mount. Could this create a run to gold and silver?

- Source, David Morgan

Monday, March 28, 2022

Oil Volatility The New Normal? Despite Much Higher Oil Prices OPEC Doesn't Meet Production Quota

Oil prices and gasoline prices have not been talked about this much since 2007-2008. 

The world could see a record breaking oil supply shock.

Sunday, March 27, 2022

Michael Pento: Revenge of the Real Economy

The stark reality of our economic and financial plight is becoming more and more apparent. 

Regardless of what the Fed does, the economy sinks. 

"The economy is already rapidly deteriorating," says portfolio manager Michael Pento. "This is the revenge of the real economy," he says.

Friday, March 25, 2022

Doug Casey: These crises will reshape the world; Gold will be reinstituted as money

Doug Casey, founder of "The International Man" discusses with David Lin, anchor for Kitco News, why the dollar is on a long-term secular decline and will eventually be displaced as the global reserve currency.

- Source, Kitco News

Wednesday, March 9, 2022

Palisade Gold Radio: Gold to $4000 in 2024? Silver to $100?

The macro landscape has shifted tremendously in Gold’s favor over the past few months. The yield curve will invert soon, signaling a recession in the next 6 to 18 months (average of 12). 

Meanwhile, the Russian invasion into Ukraine is going to disrupt global energy and food markets, leading to persistent and likely higher inflation this year. 

A historical parallel could be the 1973 to 1975 period which included a bear market and stagflationary recession. The Gold surged and peaked near the end of the bear market and recession while Silver and general commodity prices peaked well before Gold. 

Gold is on the cusp of making one of its most significant breakouts. It has upside targets of $3,000 and $4,000 which could be hit in 2024. Silver will likely break $50 but it is less certain if it can hit $100 in this scenario.

- Source, Palisade Radio

Tuesday, March 8, 2022

Gold Soars To $2063, Just One Cent Away From New All Time High

With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls, the real gold has no such qualms and after flatlining for much of the past 18 months, has broken out solidly to the upside, and just today spike more than 3%, rising to session high of $2,063.53

Why $2,063.53? Because $2,063.54 was the closing high on August 6, 2020 when gold hit an all time high in the aftermath of the Fed's money debasement frenzy when the Fed's balance sheet exploded by hundreds of billions weekly.

But while technical selling may have emerged at this key resistance level, we expect it to be taken out shortly, with even Goldman raising its gold forecast overnight, writing that in light of the Russia-Ukraine war, the bank is raising its gold price target over different time horizons. Targets raised for:

3-month horizon to USD2,300 vs. $1950 previous.
6-month horizon to USD2,500, from $2050 previous.
12-month horizon to USD2,500 vs. $2150 previous.”

Why? Because "An increase in demand from consumers, investors, central banks due to the rising geopolitical uncertainty."

- Source, Zero Hedge

Monday, March 7, 2022

Ron Paul: Are Sanctions Acts of War?

Economic sanctions seek to impoverish and sicken the civilians of the sanctioned nation. 

They also place heavy economic costs on the civilians of nations imposing the sanctions. 

To add insult to injury, the track record of sanctions forcing political change is disgracefully bad as well.

- Source, Ron Paul

Thursday, March 3, 2022

David Morgan: Stocks, Silver, and Bitcoin

Stocks slid on Friday as increased tensions between Ukraine and Russia sent oil spiking and led investors to dump risky assets like equities. 

Bitcoin price jumps above $42,320, altcoins rally along side. But, will crypto soon be banned? Silvers day is coming. 

Obviously, no one has a crystal ball. And hence, no one really knows when. 

Everybody involved in the silver market is asking: when? Patience is key.

- Source, David Morgan