Gold holding up well in the face of decreased Geopolitical risks
With a Brexit deal now past the first step and trade talks sounding like they are going better (the jury is still out on that) it is interesting to see the safe assets still holding up nicely. Brien Lundin joins me to outline why he thinks gold is holding up well and what to watch for as the next major drivers.
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Brexit is not going through……until the people take to the streets……….jmo
Parliament is like congress……..a JOKE
THE PRICE OF GOLD IS MUCH MORE DEPENDENT ON THE PRECARIOUSNESS OF THE BANKING SYSTEM THAN TRADE DEALS.
The stock market is dependent on trade deals.
PART 3: CNN Field Manager: Zucker’s 9am Calls ‘BS;’ “…Totally Left-Leaning…Don’t Want to Admit it”
https://www.cmegroup.com/education/articles-and-reports/fed-funds-futures-in-a-post-zirp-world.htm
Precious metal production cost (and thus profit margins) will be assisted by the apparent future deflationary environment.l
The gold gains that stick are are due to inflation of the substitute money supply. All other gains are temporary.
Gains that appear to be due to wars are really due to the deficit spending to fund them.
Of course, the gold price can significantly lag inflation as long as the economy is doing well.
The backwards adjusted CPI price of gold is informative:
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
One problem with that chart is the fact that the CPI has been completely corrupted over the last 30 years.
ditto
The historical lesson of Homestake in the thirties (When gold-price was quasi-fixed) was that deflationary costs went down first then profits rose, then fixed price of gold was raised, then monetary creation eventually caused a little inflation.
Then WWII really caused inflation.
REAL SILVER PRICES ONLY TOOK OFF AFTER WWII. (silver was considered precious then)
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
The monetary system was very different back then and it is a myth that WWII ended the depression.
The possible head and shoulders of the GDX would be more dangerous if the volume on the left shoulder was higher than the head’s, but the head’s volume is greater so I am glad I went ahead and bought OR and SSPXF yesterday.
Trump wins………..peace and ceasefire for 120 hours………get the hell out……lol
Atlantic Council won’t like that….NATO will go nutso….and old Harlan won’t like that…
You see this???
DC’s Atlantic Council Raked In Funding From Hunter Biden’s Ukrainian Employer While Courting His VP Father
As I recall, our good friend Harlan Ulman is a member of the Atlantic Coucnil….what do you have to say to that???
I think you are correct………Shock and Awl book writer………..lol
Hood winker got the Owl……….lol
Awe……not awl
Or change Awl to OWL… 🙂
ha,ha…….
Here is a REAL SHOCK AND AWE………………
https://www.zerohedge.com/political/credibility-stake-venezuela-given-seat-un-human-rights-council
Venezuela has won a seat on the U.N. Human Rights Council, in a shock that will outrage anti-Maduro governments throughout the West, especially Washington.
DEEPSTATECIASHADOW will be not so happy………… 🙂
If any peace anywhere breaks out to any serious degree Trump will be given the Kennedy treatment.
And then we will have a President Pence….then we will all live in Penseville…
Understand , Trump is using Blackrock Security for body guards………that would be the brother of the Education Sect…Amway heir… Betsy YourLoss…..lol
Penzi Oil……stopped the take over until they get a lock on the OIL…….posted below…lol
Remember, at the McCain funeral……..old Penzie, got one of those mysbetray letters….lol
The Deep State and rest of the NWO would love a President Pence….then we would all live in Penseville and would need to be very pensive…
Don’t know why the Hell Trump picked picked Pense…all that pick did was put an even bigger target on his back…or his head…like JFK.
He thought he needed the christian(ha,ha) vote…..
According to James Flannigan, there will be an upward bias to PMs but at least 5-6 years before substantial gains, provided we continue to track the 60 year cycle. Interesting listen but disappointing on his time line. Have a listen: http://www.gannglobal.com/webinar/2019/10/19-10-17-Subscriber-caliber-3rd-Chance-2.php?inf_contact_key=4eec015e2d7dcc46174cd6f04d01fe5b1b0a3f0fd3ee5d9b43fb34c6613498d7
When they (the Fake Fed)…..can change the rules anytime they want…..charts are worthless………jmo
Few of his charts , are historically can …relate at this time……..unless you go back to the Roman Empire…….
I thought he did a real good job,….until this last round of QE, and REPO…junk
Bobby M…..thought he was a good follow a couple of years ago……, but, Bobby did write, NOBODY KNOWS ANYTHING…..
Here we go……………ALWAYS ABOUT THE OIL>>>>>>>>
https://www.zerohedge.com/geopolitical/us-military-unlikely-withdraw-syrias-key-oil-fields-report
Why should we concerned about the OIL……….lol
Genie Oil……Wants the OIL…………..
BBC is reporting Brexit DEAL will probably be voted down on Saturday.