A new look at what is considered a safe haven asset
John Rubino joins me on this holiday Monday in the US and Canada to discuss what assets investors are looking to for safety. With the US dollar, treasuries, gold, and US tech stocks all moving higher there is an argument to be made that US markets are being looked at as a safe haven investment.
Good news to the Canadians……on the virus……..not…..
Owl better move further south……jmo
https://www.statnews.com/2020/02/14/disease-modelers-see-future-of-covid-19/
The one hope is that it appears to be a quickly mutating virus. As such it may mutate into being less lethal.
I do not understand why the US is not refusing entry to anyone having any passport with a China visa.
I hate to say that because of mutation it is possible no great vaccine will be found.
Bezo stock the best to buy……Gates and Bezo , will be the last guys standing,,,,
Virus Moogle Gates makes the virus and Bezo ships it out via the amazon…
Then Gates and Bezo…..can battle it out in outer space…… 🙂
“I wish Republicans would stop accusing Bloomberg of being a racist and a sexist. It was wrong for Democrats to make those accusations against Trump, and it’s just as wrong for Republicans to make them against Bloomberg. There are plenty legitimate issues to call him out on.” – Peter Schiff on Twitter
“Do Republicans really want to attack Bloomberg for making the supposedly controversial observation that in general working in the information technology sector is more mentally challenging than working on a farm? Republicans need to pick better battles to fight as there are many.” – Peter Schiff on Twitter
Ehh, that was not exactly what he said, Peter!
https://www.zerohedge.com/political/bloomberg-frames-farmers-primitive-idiots-demeaning-diatribe
Further more, Bloom-stein-berger is for death panels in the Healthcare system:
“Bloomberg explaining how healthcare will “bankrupt us,” unless we deny care to the elderly.
“If you show up with cancer & you’re 95 years old, we should say…there’s no cure, we can’t do anything.
A young person, we should do something. Society’s not willing to do that, yet.”
Disgusting!
As I said before, a tribesman looking after a fellow tribesman. Every. Single. Time.
Miklo, you don’t agree with Peter that there are better things to call out Bloomberg for?
Doesn’t it bother you that Peter is a MUCH bigger critic of the Federal Reserve than Trump? Trump does absolutely nothing to educate the masses about the Marxist central bank while Peter Schiff accurately describes its unsound and destructive actions. In fact, Trump LIKES the Marxist manipulation of the monetary system and proves it when he says he wants lower interest rates from the Fed.
Trump and the many Republicans that went before him get away with their actions only because their supporters know as little about money, economics and history as those who vote for Democrats.
Hold on Matt, I have listened to A LOT of his interviews/podcast where Peter have said “Its not the FED its blah bla..” He did not acknowledge FEDs role. Now he changed his tune and dares to say it opnely because its more mainstreet, common knowledge and in our faces.
I do concur with him on issues but the problem with him is that he is a opportunist and changes his retoric when he sees fit.
A hundreds of times hes called out the BTC-folks telling them that BTC is going to zero. Now, this:
“I concede that anyone who bought #Bitcoin
10 years ago and sells it today will make a lot of money. But I never said the price of Bitcoin could not rise. I only said that Bitcoin would never succeed as money. Nothing that has happened over the past 10 years has proven me wrong!”
Pure BS! This guy is a liar and this is a damn good evidence. There are hundreds of clips of him saying it will go to zero and disapear.
About Trump, he just cant come out as the situation is now and talk about destroying the FED. He would be gone in no time. He is using the FED/deep states weapons against them. Look at how many people he has kicked out of office.
I know there will be revelations coming out about the FED and he will eventually destroy them, but the time is not now. He has to clear out a lot of bad actors before. Dont forget that there is a pending bill by Rand Paul about auditing the FED. Its still there waiting for the right moment. You can accuse him of a lot of things but that man and his crew are strategic. Optics are very important.
Regarding Bloomberg/Sanders/Trump he says that to hedge his bet. I don´t trust him at all.
He was stubborningly holding on to his mantra that the stock market was going to crash anytime and when he was wrong he just said that it was going to at some point. Meanwhile his reckless advices ruined a lot of peoples savings.
Anyway, its 11.15 pm here and I have to go to bed. We can continue tomorrow. 🙂
Have a nice evening Matt!
Hold on Miklo. Being wrong is not proof of being a liar. No offense intended but logic should tell you that. EVERYONE gets things wrong, especially market calls, but not everyone is a liar. As for your problems with Peter on the Fed, I’d like to see some examples because I’ve never seen him defend the Fed unjustly.
As for Trump, you’re going to be very disappointed if you think he’ll do anything about the Fed even though I do believe he will easily get four more years. (Putting the current crop of Democrats up against him is like putting McCain against Obama in 2008 and Romney in 2012: designed to fail.)
Do you believe Trump was lying when he said he wanted the Fed to lower interest rates? If not, then that was quite the attitude of a Marxist he displayed. The “funny” thing is, Trump told some important truths while campaigning but then turned completely around once in office. Remember when he said stocks were in a bubble and that rates were too low? Now stocks are in a REAL bubble and he thinks he should inflate it further!
Every Republican administration since Coolidge has been a farce led by RINOs and former Democrats.
The takeover was complete a long time ago and people are only riled up because that fact is now being unveiled.
Again, he has stated a lot of times that BTC was going to ZERO! Even you cant deny that!
Now, he claims that he never said that. In my book thats lying. I would have more respect for him if he said he was wrong, but he doesnt because hes to proud for admitting he was wrong.
As for Trump, when he took office they did not know how much funny Money the FED had created, plus all the undfunded liabilities. Several sources has revealed and confirmed that. Obama left him a mess, which put him in a whole other position.
You have to see beyond pre-election talk to understand what they are planning. He now uses the same fakery to proceed with his agenda against the (the other part of) DS.
Can you show him saying that BTC is going to zero and then denying it? If he said it, it’s hard to believe that he’s now denying it.
Every POTUS leaves a mess for the next guy because the Federal Reserve system is a mess. The president has little to do with Fed policy.
Like I said, you’re going to be very disappointed with Trump by the time he leaves office.
You’ll see.
I have listened to a lot of podcast and interviews where he have said that. I cant give you a specific beacuse I dont catalogize everything I read or hear. I dont have the time to dig it out but I am not lying. If you search his own podcast on YT you will most definately find out. You should shearch near, at the time and after when BTC was at 20.000.
I challenge your call by saying that from the next 4-5 months to a year into his second term you and everyone else will be shocked to see whats about to happen.
I know all about Adelson and the other puppeteer-masters, but again there are now other forces at play.
It is clear to me that Peter is knocking the right for focusing on dumb things when it should be focusing on important things. That’s not defending Bloomberg. If anything, Peter is suggesting that the right might be protecting Bloomberg by not focusing more on his leftist ways.
In November, 2018, Peter tweeted:
#Bloomberg just flushed 1.8 billion dollars down the U.S. university rat hole. Better to force universities to lower tuition and cut out the fat rather than shower them with more money so they don’t have to. If he becomes President he will do the same thing with taxpayer’s money!
Six days ago, Peter also tweeted:
I don’t like Bloomberg at all. But he would be better than Sanders, but worse than Trump
— — —
I agree with Peter, do you?
Some good points there.
More than meets the eye with Trump liking marxists.
Not 1 in a million will see it.
In any case, Im still unconvinced it makes any dif who is prez.
Nothing changes no matter which party and if a person is any threat to changing anything they simply get shot.
Its too bad a discussion about placing those “tactical” nukes on Russias border isnt considered important enough to mention during debates.
Geez, even attempting to stop nord stream 2.
Some things just are not worthy of mentioning I guess.
Elections serve their purpose pretty well tho, gotta hand it to the rulers.
Trump is not as the hindu God where hes in the centre of a machine controlling all of the 250 departments and 2-3 million state workers.
There is a war going on between Deep state factions and it too simplistic to accuse Trump of anything that goes on in the country and abroad. His adm, as previous adms, doesnt have full Control on every aspect of the state and its policies.
For example, the black sites in Syria are run by CIA. Even whitin CIA there are factions that are infighting. When he withdrew from parts of Syria he left the competing CIA-guys hanging, making them targets for SAA and Russian Forces. Thats why the neocons Went bananas. In that light you simply cant blame Everything on him at this moment.
“In his excellent book, Obama’s Unending Wars: Fronting the Foreign Policy of the Permanent Warfare State, Jeremy Kuzmarov assiduously documents Obama’s crimes, including his CIA background. As Glen Ford, of Black Agenda Report, says in the first sentence of his forward, “Barack Obama may go down in presidential history as the most effective-and deceptive-imperialist of them all.” Read the book if you want all the details. They form an overwhelming indictment of the con artist and war criminal that is irrefutable. But will those who worship at the altar of Barack Obama read it? Of course not. Just as those deluded ones who voted for the reality television flim-flam man Trump will ignore all the accumulating evidence that they’ve been had and are living under a president who is Obama’s disguised doppelganger, carrying out the orders of his national security state bosses. This, too, is well documented, and no doubt another writer will arise in the years to come to put it between a book’s covers.”
Seabridge Gold Inc. @GoldSeabridge on Twitter:
“We are moving closer to the day when the public will understand that they have been deliberately ruined by central bank monetary policy.”
https://twitter.com/GoldSeabridge/status/1228831005588496386
You think Obama was not a U.S. Traitor ?
Ponder this:
Pre-Trial PANDEMIC:
Market Commentary: Silver In 2020
CPM Group
“Silver prices rose sharply from $15.25 at the end of June 2019 to as high as $19.75 by 4 September. While the increase in prices was hailed by silver marketing groups as the “start of the next bull market,” it is critical to understand that the rise in prices during this period was driven primarily by investors covering short positions they held in July and August on the New York Comex September silver futures contract. There was very little demand for physical silver anywhere in the world pushing prices higher at that time. Coin and bar sales to investors remained at very low levels.”
“It should be noted that short- and long-term investors were buying metal through silver ETFs. Silver ETF holdings did reach record highs at the end of August 2019. Between June and August investors added 122.12 million ounces of silver, mostly before prices began rising most sharply. They flipped over and became net sellers for the balance of the year, but those sales amounted to 29.6 million or 24% of what was added between June and August. For the full year, too, net additions to ETF were at 85.8 million ounces, which was the largest level of net additions since 2010.”
“In 2019 investor demand for physical silver, which typically drives prices higher or lower, was at its lowest level since 2005. Even so, the price started to rise. Marketing shills say that investment demand has been strong, but they are distorting reality to try to sell silver to investors.”
“The reality of the silver price increase contains both bad and good information related to silver’s future price prospects. It is bad that investment demand is so low. But it is good that prices rose even in an absence of any such demand.”
“Investment demand is projected to remain low in 2020. The same factors that have turned investors off over the past three years, keeping prices ‘down,’ are extending into this year.”
Not a very rosy picture for Silver as an investment class from CPM Group, but at least the pointed out that despite the lower investor demands into physical, that the pricing still went up. For now the paper markets set the pricing that most follow, and so I place more importance on the pricing in the futures markets than I do in the physical markets, (although philosophically I wish it were the opposite of that).
Regardless, price action is what is important to follow and is a data point in and of itself, regardless of physical buying metrics. The price that the producers can sell their Silver for is ultimately what matters when investing in the miners, or evaluating development projects.
Silver closed today at $17.73 so that is what is important. Whether it is trending higher or lower is a function of the charts in the futures market for most investors.
When that price goes above $21.23 (the 2016 surge high), then the next impulse leg higher will be confirmed. Also at that price, most of the Silver miners should be outperforming to the upside.
> Silver Price Chart:
Hate to tell you, but we are facing an economic downturn of non-historic proportions.
Industrial demand for silver and palladium will drop more than ever before in history.
Factories in China appear to be running at about 30% of capacity.
Luckily, the price of silver is ultimately set by investment demand. Palladium, on the other hand, is not so lucky since it is not a monetary metal.
Silver is due for at least a short term rise versus gold and probably more…
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=0&mn=11&dy=0&id=p76609540295&a=721777471
The silver-gold ratio matched its December 2008 low last June.
Agreed Matthew – The investment demand is the main driver of both Gold and Silver as monetary metals, and some folks overplay the importance of Silver as part industrial metal. Yes, it gets used and industry and mostly destroyed, with only minimal scrap recycling from electronics, but none of that has much to do with pricing and it never has.
This is similar to the point I was making above about people reading too much into the ebbs and flows of physical buying or perceived demand, and that isn’t nearly as important as the pricing set by investors in the futures markets, which is the barometer used by most investors.
Gold will continue to pull Silver along for the ride as monetary metals, regardless of the economic downturn or industrial demand, as has always been the case through history.
The base metals may suffer in an economic downturn like Copper, Tin, Zinc, Lead, Nickel, but even those have tighter supply environments than many realize. The base metals have different drivers than the precious metals though.
Platinum more so than Palladium has at least a tiny Precious Metals aspect, in that it is a store of value in coins/bars/bullion/jewelry, and does get traded at times like a PM, but it is far more tied to the automotive industry than the precious metals sector, and will likely face the same headwinds as the rest of the base metals sector.
As for Silver, it clearly has some catching up with Gold to do based on the Gold:Silver ratio being so high, and Gold already took out it’s 2016 high, and Silver still has to do the same. Once again, most folks are underestimating the moves Silver can make when it decides to finally move and play catch up, where it will outperform Gold.
Graddhy – Commodities TA+Cycles @graddhybpc on Twitter – Feb 17, 2020
“$SILVER – Using Tradingview we have now clearly broken out above that upper white trend line of my triangle and we are now backtesting. This means that my FBO call is now confirmed.” #Chart
(LIO) (LOMLF) Lion One Metals: Site Visit Part 1
The Hedgeless Horseman – February 17, 2020
“So, I just got back from a site visit to Lion One Metals down in Fiji yesterday and I thought that I would update my case for the company based on the latest information in the first part of the site visit series.”
> Great people involved – Increases the chance of (further) success
> Good jurisdiction – Increases the intrinsic value and the likelihood of a take-over
> De-risked project which provides a margin of safety – Decreases downside risk
> Enormous blue sky – Lots of upside potential and a real shot at a world class asset
> Cashed up – Lots of tools to work with and create further value
https://www.thehedgelesshorseman.com/lion-one-metals/lion-one-metals-site-visit-part1/
New 52 week high for Barrick…
https://stockcharts.com/h-sc/ui?s=GOLD&p=W&yr=4&mn=11&dy=0&id=p84287475480&a=666388372
(Notice the “fork action” since November.)
I believe Barrick is worth $50 a stock if all things considered *Sigh* The breakout last week is just beginning IMO. Thanks Matthew.
Best of luck to you. Looking out several years, I think it will be way beyond $50 but there’s no point in focusing on that now. Intermediate term highs should obviously be sold no matter where it will ultimately end up.
Silver looks great today and this launch looks like the real thing…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=5&dy=0&id=p59650259986&a=704177881
You’re correct. Knowing me, I would bail when I see 10 percent of gains. Haha
Great big bull hammer on big volume for KTN:
https://stockcharts.com/h-sc/ui?s=KTN.V&p=D&yr=1&mn=2&dy=0&id=p63187253508&a=684730971
Yes it looks good now. When I checked in early this morning I was taken back to say the least. Believe I saw .24. Thought I’d missed some news…..but not the case unlike that USA that had news that wasn’t appreciated
Meanwhile we have violations of the Logan Act, with U.S. Senators sneaking behind Trump’s back over foreign policy:
Sen. Chris Murphy of Connecticut and other Democratic senators had a secret meeting with Iranian Foreign Minister Mohammad Jahad Zarif during the Munich Security Conference last week, according to a source briefed by the French delegation to the conference.