"This is not your garden variety business cycle where a sharp downturn is followed by an equally sharp snapback. We can restart production, but can we really restart consumption with people still scared and unwilling to go out and socialize and spend? So, I think the recovery is going to be extremely tentative."Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist...Read More
To Watch Update #60, CLICK HEREAs we reported yesterday, with the world sharing its data, we are starting to get a better handle on understanding the coronavirus. This real-time exchange of data and insights going on across the globe right now is invaluable to global efforts to fight the spread of covid-19 more effectively. Germany has recently contributed two important pieces to the puzzle. First...Read More
Keep your eye on Pompeo! President Trump is understandably distracted by the coronavirus outbreak in the US but in the "never let a good crisis go to waste" mode, the neocons in his Administration - led by Pompeo - are launching their war plots without the normal scrutiny. Venezuela, Iran, Syria, Russia - the long knives are coming out. Trump has been able to put the kibbosh on Pompeo's plans befo...Read More
The video, which was broadcast in November, 2015, exposed how scientists in China were conducting biological experiments on a SARS connected virus believed to be Coronavirus derived from bats and miceContinue...Read More
The miners are looking at a favorable cost structure, and at a most favorable gold price prospect. That's why we like names like Agnico Eagle Mines, Barrick Gold or Kirkland Lake Gold.Continue...Read More
Why Asia and Europe had such profoundly different outcomes from the COVID19 PandemicThree crisis for the price of one: Why markets are currently experiencing three separate crises at onceComing challenges for EuropeRead More
My clients have known for a long time that the nucleus of the next crisis will be in the over-leveraged corporate bond market. This notion was confirmed recently in an article from the WSJ: companies that Continue...Read More
Here's my best depiction of how this will play out using one of my two favorite chart patterns at major topping periods (the other is the megaphone pattern, which is also in play on a larger and smaller scale). Continue...Read More
"Keeping over 4,000 young men and women on board the TR is an unnecessary risk and breaks faith with those sailors entrusted to our care," Crozier wrote. Continue...Read More
One of the questions asked most frequently is, isn't the Fed out of ammunition? No, they still have plenty of tricks in their bag.Continue...Read More
Unfortunately, our food distribution systems were not designed to handle this sort of a surge, and things are really starting to get crazy out there.Continue...Read More
If precious metals markets can maintain current levels into April, then that is a reason for optimism.Continue...Read More
This morning we are going to look at an array of important factors pointing to another severe drop in the broad US stockmarket imminently, both factors external to it and indications on the charts for the S&P500 index (and other indices which we won't have time to look at). First it is well worth watching another classic video from Greg Mannarino posted yesterday: WOW.. ZERO Economic Activity in...Read More
COLORADO SPRINGS, CO, April 01, 2020 (GLOBE NEWSWIRE) -- via NEWWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today that the Mexican Ministry of Health proclaimed a national health emergency with an immediate suspension order of all "non-essential" public and private sector business in order to mitigate the spread and transmission of the COVID-19 viru...Read More
By Daniel R. Amerman, CFAWhen it comes to the recession that is being created by the pandemic lockdowns - then the U.S. government and Federal Reserve have no intention of just letting the market forces play out. Instead, the intention is to contain a potential deeper round of crisis with the most extreme interventions yet. One very real possibility is for the Fed to follow the European Central...Read More
Craig Hemke, TF MetalsWith mines, mints, and refineries closed around the world due to coronavirus, the demand for physical gold has blown through the roof. This has led to some drastic measures by the CME Group, which in turn may have unwittingly sealed the fate of the COMEX and the entire fractional reserve and digital derivative pricing scheme.This latest crisis began last Tuesday, when the s...Read More
By: Gary SavageThere are one of two ways this can go here, retest the lows soon and then followed by a sustained rally. Will depend on how countries implement covid response.Unemployment report on Friday. Market might get nervous into report, but odds are better that we don't undercut prior lows if we even do go down. The other possibility is..Recorded March 31, 2020https://blog.smartmoneytracke...Read More
Stewart Thomson, Graceland Updates 1. Gold is majestically postured now, because America's government and central bank continues to borrow, spend, and print money with surreal intensity.2. The light at the end of the tunnel is a stagflationary freight train.3. Please click here now. Double-click to enlarge. A beautiful inverse H&S bull continuation pattern is in...Read More