This article was contributed by Tom Beck of Portfolio Wealth Global.
This past Thursday, we issued an OFFICIAL WARNING about a short-term breather for precious metals – we were thrilled to see it only lasted for 24hrs.
This is the MOST ROBUST we’ve seen both metals trading in just over a decade. If the year ended today, gold’s 29.6% return in 2020 would be its best since the year 2000!
Truly, this is one of the best years for the precious metals sector IN LIVING MEMORY.
As expected, when a special commodity like gold hits a new ALL-TIME HIGH, there’s media coverage as well as fast-building momentum.
You can see below that gold is IN DEMAND.
Courtesy: Zerohedge.com
Silver, though, is the REAL STAR of the show in recent weeks. I’ve not seen CNBC, MarketWatch, Bloomberg or other major financial publications, like the WSJ or Barron’s, cover anything about its more than 100% return, since the MARCH LOWS or about the fact that the GDXJ and GDX are outperforming the NASDAQ 100!
All I’m hearing about is gold, and I’m telling you that’s NOT WHERE the major gains will come from, going forward.
Gold has double-digit upside, perhaps even low triple-digit since nobody knows where this currency stimulus experiment is going and when it is ending, but we do know ONE THING for certain: DOLLAR BEAR MARKET has arrived!
The chart below leaves no room for debate on this matter; the 10yr trend-line has broken and we anticipate it reaching as low as 60, a 33% decline from today’s value (that’s a MASSIVE PULLBACK in the currency sphere)
Take a look:
Courtesy: Zerohedge.com
There is still $5,000,000,000,000 parked in money market accounts – a RECORD-HIGH. In the coming weeks and months, as more evidence COMES OUT that Covid-19 is easily cured by using READILY-AVAILABLE medicine when caught in the first five days, the public will go back to feeling safe.
Up to this present moment, I personally haven’t felt even a shred of doubt that this virus is a MEDIA BLITZKRIEG and that the facts do not align with the fear-mongering; don’t settle for what CNN and NBC are puking at you – research on your own.
One habit that I’ve practiced since the age of 21 is to CONSUME ZERO MSM programming.
I’m extremely grateful to the mentor who came into my life, and told me to SHUT MY EYES to what the traditional media focuses on and to only consume QUALITY CONTENT.
Using the garden as an illustration, he said that the MSM is like weed growth and that my job is to ROOT THEM OUT.
Courtesy: Zerohedge.com
Most Americans, unfortunately, haven’t searched for mentors, so they get their REALITY PROPAGANDA from the media, which is literally engaged in DELIBERATE MISINFORMATION and has no regard for the truth.
The above chart is the result; a quarter of Americans get their income from the government, which gets its income partly from taxes, but mostly from ISSUING unsustainable DEBT.
I’m stunned how unprepared people are for the worst financial regression of their lifetimes.
We’re entering a decade of stagflation and 50 million people are unemployed.
The world has lost $10tn of GDP this year and this is my message to you:
It Took 22 Years to Get to This Point
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All of this is true about the DNC, however, it is imposdible to ignore Trumps elitist double standards, the man who according to his own words, ” Wanted to bring the death sentence back in vogue” and particularly for whistleblowers and people falsely accused of terrorism, as PCR recently pointed out in the Boston Marathon bombing inmate, and how irrate Trump was that his death sentence was repealed, however when it came to prosecuting the woman that has literally terrorized his presidency, Hillary Clinton, Trump has refused to go forward with a prosecution against her, claiming that “She is a nice lady.” And pardoned Rod Blogoyvitch after seeing his wife on tv because “She seemed like a nice lady.” And now saying three times regarding Ghilsaine Maxwell, “I wish her well.” And ” She had a hard time. Her boyfriend just died in jail.”
This extreme double standard does not rest well with average Americans at all, and it is extremely extreme, for the purposes of qualification. Or, exteme squared.
Andrea Iravani
Thin-skinned Donnie is flailing his arms about and stomping his feet as he takes revenge on Tik-Tok under the guise of “muh national security”.
No, it’s about that failed Tulsa rally a while back. That embarrassed him when it was half empty after he bragged about tens of thousands that couldn’t get tickets. It was young Tik-Tok users who upstaged him by registering for tickets and then not showing up. Heads rolled afterwards.
Trump is nothing more than a pirate as he steals Syrian oil and turns it over to US oilcos to develop and sell, and demands a large cut of any Tik-Tok sale. When he’s not plundering the world, him and his first mate Navarro kick up their feet on the ole Resolute Desk and pull down their eye patches while they chow down on a bag full of Long John Silvers fish sammiches.
“YO HO HO and pass the tartar sauce matey. Who’s up next to walk the plank?”