The Rush to #Gold: A New Respect Is Growing. The Rush to Gold: A New Respect Is Growing - Crush The Street. Source You didn’t come here today for bad news.
There’s plenty of that everywhere you look, and even where you don’t look. So here’s the good news. A new rush to gold has begun. To see where we’re headed, let’s first see where we’ve been. Gold and silver owners in the first ten years of this new century were in for quite a ride, watching gold soar to $1,895 and silver to $49 by 2011. Gold had bottomed at $255.95, Apr 2, 2001. The national debt in 2001 was $5.8 trillion, on its way to today’s $20 trillion.
“War on cash” was an unknown socio-economic term. Gold Rides an Escalator, while Silver Rides a Roller Coaster While the DOW and S&P languished in the agony of three crashes from March of 2000 through 2009, gold and silver got no respect from Wall Street or financial media. Thanks, in part, to the top-down manipulation of bullion bank price suppression, gold steadily fell 55% and silver 72% from 2011 through 2015. But no market goes up or down forever. R.I.P. Fed-Fueled #BullMarket (2009-2018)? R.I.P. Fed-Fueled Bull Market (2009-2018)? - The Daily Coin. R.I.P.
Fed-Fueled Bull Market (2009-2018)? By Stefan Gleason – Money Metals The Nasdaq composite enters this week’s trading down over 10% in the month of October. For what it’s worth, market technicians consider a 10% pullback an official “correction.” So far it’s just that – a correction. But investors should be prepared for further downside in share prices… and a possible longer-term (and long overdue) bear market after several years of relentless Fed-fueled price appreciation. Widely followed market analyst Greg Weldon warned last week that a crash may be coming.
The October 1987 stock market crash caught most investors completely by surprise. Weldon is eyeing monetary policy. What will happen if the Fed goes again in December? Fed chairman Jerome Powell appears intent on continuing to hike interest rates until he buries the bull market. A Democrat win would also dash investor hopes of more tax cuts, likely triggering another round of stock market selling.
Sharing is caring! Peak #Gold and the Coming Supply Crunch. Peak Gold and the Coming Supply Crunch. By: Stefan Gleason, Money Metals During the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets.
Gold production, in the estimation of some top industry insiders, peaked. Peak gold represents the point at which the total number of ounces being pulled out of the ground by miners reaches a maximum. It doesn’t necessarily mean gold production will suffer a precipitous fall. But it does mean the mining industry lacks the capacity to ramp up production in order to meet rising global demand and even higher prices would not make it happen. One of the leading proponents of the peak gold thesis is Ian Telfer, chairman of Goldcorp (which was recently acquired by Newmont Mining to become the world’s biggest gold company).
Telfer remarked in 2018, “In my life, gold produced from mines has gone up pretty steadily for 40 years. We’ll soon find out whether his call for gold production to fall in 2019 pans out.