how about we put a handle on that cup with a nice resumption of the bear market, that takes gold down again, but then mysteriously stops and with even more money printing and this time cash in consumers hands (not banks) we get asset deflation, but inflationary pressures on consumer goods.  With near negative rates for cash, and true inflation for the things we need, it would be the perfect storm for gold because you can't get 10%+ on your cash like you could in the 70's.


    I think your analysis is

    Posted by ssaffer on 30th of Apr 2020 at 07:39 pm

    I think your analysis is pretty accurate.  The Fed is not going to let the markets get to " an new low".  Some big time names like Jeffery Gundlach who I have the highest regard for, is heavily short on the market and some other big names.   I think we sell off a bit into next week but not to new lows.   There is no more price discovery with the FED's actions.  They will pump millions every day as they have been doing, perhaps the people will get that purposed $10K a person.   J Powell said that rates will hold steady to 2024 in his last statement.  Sum it all up = inflation to a theater near you once the economy opens up.

    What you say is true

    Posted by RP on 30th of Apr 2020 at 07:45 pm

    What you say is true but here are the facts in 120 years of corrections collapses etc in the stk mkt only one time did we not test the lows or exceed them and if memory serves me right it was 1987. Myself i despise all this goveremnt involvement let the mkts be mkts now we have computers trading the mkts and its a frikin disaster and guess what we all looking at the same thing. Steve's newsletter is right on i am short and i am in JDST nice day today and VXX. Like to see a nice pullback as my mind has a hard time with manipulation. Gold is being piled into by the hedgies and traders its what i trade the most and i do believe its going higher see where this pullback takes us. Now if mkt declines being short with JDST will be good trade gold on its own.

    Gold and Silver paper markets

    Posted by ssaffer on 30th of Apr 2020 at 07:52 pm

    Gold and Silver paper markets are being suppressed and  accumulated.  You cannot find any physical gold or silver out there unless you pay 30-40% over spot price.  The gig is going to be up soon.  

    I have been consider taking

    Posted by simpsongc on 30th of Apr 2020 at 11:48 pm

    I have been consider taking delivery on a silver futures contract. Has anyone done this? Any issues to consider?

    Thanks Steve and Matt and all of the great posts on this site. 

    Well if someone says they

    Posted by RP on 30th of Apr 2020 at 07:53 pm

    Well if someone says they want there GLD gold watch what happens..

    I was given as a

    Posted by ssaffer on 30th of Apr 2020 at 07:56 pm

    I was given as a gift many years ago a Gold Rolex.  I have worn it maybe 4 or 5 times.  I keep it in a safe next to my dogs bed.  

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!