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Gold, Lower Yields, and The Everything Bubble

Cory
June 25, 2019

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me today with a wide ranging discussion. We always address the markets and stocks that are moving most and this week the discussion focuses a lot on the gold market. As Joel points out it’s all about momentum and gold definitely has that going for it. We also look at the bond market, which continues to more higher and the concept of an everything bubble.

Click here to visit the Benzinga Pre-Market Prep Show website and listen to the past show recordings.

Discussion
13 Comments
    Jun 25, 2019 25:21 AM

    Boom Baby…….

    Jun 25, 2019 25:27 AM

    People are living on DEBT…….

    cfs
    Jun 25, 2019 25:59 AM

    gols/silver ratio gsr and recession.

    https://www.youtube.com/watch?v=r5F4g-TZn2g

      Jun 25, 2019 25:55 AM

      thanks for the post…….interesting…….

        Jun 25, 2019 25:38 PM

        Confirms my thoughts on silver…….for awhile……

    Jun 25, 2019 25:19 PM

    This is for Al and CFS and if you think it is aimed directly at you, it is.

    I haven’t heard an original thought from either of you in years and you need to think long and hard about what this fellow says.

    All of mankind’s biggest dilemmas are ultimately due to the fact that propaganda is far more ubiquitous and far more advanced than most people realize.

    And it’s not their fault. Not really. Nobody teaches you in school that throughout your entire life your plutocratic overlords will be working to control the thoughts in your head using a highly sophisticated arsenal of psychological operations funneled into your mind via their near-total control of the media. Nobody warns you as a kid that if you ever really want to grow up, you’ll first have to extricate the vast network of lies which have been deliberately sewn into your consciousness since birth.

    https://www.lewrockwell.com/2019/06/no_author/you-are-fighting-in-the-most-important-battle-of-all-time/

    Jun 25, 2019 25:07 PM

    OCC Report: JPmorgan Chase And Citibank Control 76 Percent Of All Precious Metals Contracts At 5,362 Federally-Insured Banks
    June 24, 2019

    By Pam Martens and Russ Martens

    As of March 31 of this year, there were 5,362 Federally-insured commercial banks and savings associations in the United States. Just two of these banks, JPMorgan Chase NA and Citibank NA control 75.7 percent of all precious metals derivatives contracts held by all of the 5,362 Federally-insured banks and savings associations. This finding comes from a report released last week by the regulator of national banks, the Office of the Comptroller of the Currency (OCC). (See Table 9 in the Appendix of the OCC report.)

    Commercial banks are supposed to be making safe and sound business loans to keep the U.S. economy humming, creating good-paying jobs and making America competitive around the world. But according to the latest OCC report, of the $38.57 billion held in precious metals derivative contracts by all Federally-insured banks and savings associations in the U.S., JPMorgan Chase Bank NA held $17.509 billion and Citibank NA held $11.691 billion. JPMorgan Chase is currently under a criminal probe by the U.S. Department of Justice involving precious metals trades.

    Equally concerning, the trading of precious metals derivative contracts by Federally-insured banks has grown exponentially since 2001. At that time it represented less than $5 billion. During the financial crisis in 2008 and 2009, precious metals derivative contracts at the banks were less than $15 billion. They have more than doubled since that time.
    Lifted from jsmineset………