Are we entering the summer doldrums for metals already?
Craig Hemke joins me to address the generally boring nature of markets broadly but especially for the metals. This time of the year has some people thinking it’s the summer doldrums. We discuss this concept as well as how the bond market could foretell future moves in precious metals.
This is JUMBO UGLY…………
https://www.zerohedge.com/personal-finance/one-weird-sign-trouble-banking-sector
Some of them were local banks, some were national banks (like our old favorite Wells Fargo) with local branches in the area.
Literally every single bank told us, “Yeah, we’re just not doing jumbo loans…”
THAT IS going to turn into JUNK UGLY
Americans have skipped payments on more than 100 million loans since Covid struck. That’s debilitating for banks.
Kinda looks to me that nothing has changed, doldrums are happening.
I thought a couple months ago that the doldrums could be the best time to buy just as it generally always is.
Bob hit the nail on the head again with his silver is 06/02/2020 Silver is Getting a Bit Frothy.
Guess its a wait and see just how far share prices come down.
In Latest Liquidity Flood; ECB Hands Out A Record €1.3 Trillion In Negative Yielding TLTRO-III Loans
Thu, 06/18/2020
“Lost in the noise of the near-infinite liquidity tsunami earlier today the ECB announced the results of the latest TLTRO-III auction: in it €1.3 trillion was taken up by 742 banks, a take-up which Goldman called “significant”, with demand driven by i) replacing existing facilities which were maturing (we estimate €760 bn); ii) net new take-up (€550 bn).”
“As a reminder, the main benefit to bond markets is the TLTRO “carry trade”, where banks are expected to use the cheap ECB loans – which pay the borrower to take out a loan – to buy higher yielding assets such as short-dated Italian government bonds.”
The new era has arrived ushered in by the printing press, (I like the old jargon it is much more descriptive) business is not suffering from money printing, business is doing better than ever. This is just a sign of prosperity. LOL! DT
This is pretty ambitious, Amex is upscaling it’s drill program at Perron from four to six drills and doubling the meters drilled from 100,000 to 200,000 meters. DT
https://web.tmxmoney.com/article.php?newsid=5556855011086827&qm_symbol=AMX
This is welcome news: Rare Earth Processor opens in Colorado. DT
https://www.theepochtimes.com/mine-to-magnet-rare-earth-processor-opens-in-colorado_3386422.html?ref=brief_News&__sta=vhg.jqvxjnbbljbsdg%7CFHJ&__stm_medium=email&__stm_source=smartech
Goldman Sachs hikes 12-month gold-price forecast to $2,000/oz
Allen Sykora – Friday June 19, 2020
THIS IS JUST UGLY>>>>>
https://www.zerohedge.com/economics/labor-recovery-stalls-benefits-not-paid-massive-unemployment-lines-kentucky