Mike Larson - Safe Money Report – Wed 19 Aug, 2020

Recapping the Fed minutes, Apple’s $2 trillion valuation, and gold’s continued volatility

Mike Larson joins me today to first comment on the Fed minutes that were released earlier today. The focus is on the concept of yield curve control which the minutes showed was discussed but is being put off. We then connect all the easy money policies to the market cap of Apple which just exceeded $2trillion. Finally I have Mike comment on the high volatility in gold.

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Comments:
  1. On August 19, 2020 at 1:33 pm,
    irishtony says:

    OFF TOPIC….Can any of you guys in the US , confirm any of this ?
    https://www.sgtreport.com/2020/08/trump-issues-sealed-indictment-on-dr-fauchi/

    • On August 19, 2020 at 2:21 pm,
      OOTB Jerry says:

      Irish, have not seen anything on this one, Yet…….but, It would put the NWO, on notice…
      Hope Fauci, and Gates get indicted ……along with Comey , Mueller, Holter, Obama, Yates, Clinton, Biden, Pelosi, Schiffy, Chucky Schumer,
      all the Uranium One people….., Bush, Chaney, Rumsfield,…..Hummmm did I leave anyone out……lol.

      • On August 19, 2020 at 2:23 pm,
        OOTB Jerry says:

        Dumb ass McCain is dead, along with Pappa Bush….so, they will be resting peacefully, in the depths of ……
        Heck How about L.Graham, Feinstein, Kerry, Romey , Nadler, ……..

      • On August 19, 2020 at 2:27 pm,
        irishtony says:

        cfs…Thanks for the reply.

        • On August 19, 2020 at 3:22 pm,
          OOTB Jerry says:

          You must be kidding……me not cfs jr……. LOL 🙂

          • On August 19, 2020 at 3:43 pm,
            irishtony says:

            OOOPS so sorry Jerry….I must be loseing the plot…Perhaps i have caught , Bidenitious.

          • On August 19, 2020 at 3:47 pm,
            OOTB Jerry says:

            Ok, Irish…….Bidenitious……I will forgive you …. 🙂

      • On August 19, 2020 at 2:42 pm,
        Chartster says:

        Yes, you left a bunch of folks out.
        Don’t expect to see Comey and Mueller indicted. (just sayin)
        You can add several hundred household names to the perp walk list tho.

        • On August 19, 2020 at 3:28 pm,
          OOTB Jerry says:

          Of course not…….the good ole boyz club, will still be operating long after Trumpster is gone…..

          • On August 20, 2020 at 8:59 am,
            OOTB Jerry says:

            Bannon…….indicted……hummm…….

          • On August 20, 2020 at 9:00 am,
            OOTB Jerry says:

            Barr……off, chasing the little thugs…….humm

    • On August 20, 2020 at 10:21 am,
      paul says:

      Totally false (unfortunately). But then again it was on sgtreport so it was not surprising.

      • On August 20, 2020 at 2:41 pm,
        OOTB Jerry says:

        Hey Paul………I posted another sgt report …..care to give us your opinion….On August 20, 2020 at 12:22 pm,
        OOTB Jerry says:
        On August 20, 2020 at 7:24 am,
        OOTB Jerry says:
        I am going to post this a couple of times…….
        https://www.youtube.com/watch?v=enm04j0NtVA
        Sgt report…..

        • On August 22, 2020 at 10:51 am,
          OOTB Jerry says:

          Paul………..I see you commenting below…….two days later,
          How about commenting on this one………… 🙂

  2. On August 19, 2020 at 2:21 pm,
    cfs says:

    The danger with AAPL is that with a P/E ratio of 35,in any general market correction or an economic turn down, it will be hard to maintain earnings to support this historically high ratio.

    • On August 19, 2020 at 3:37 pm,
      Matthew says:

      That’s right, if earnings collapse, the stock would become much more bubbly even if the price stayed the same.

    • On August 20, 2020 at 9:03 am,
      OOTB Jerry says:

      Apple, has not created anything since Job left……departed……that is …..

  3. On August 19, 2020 at 2:26 pm,
    OOTB Jerry says:

    donald say buy apple….
    https://www.zerohedge.com/markets/apple-hits-2-trillion-market-cap

    On August 19, 2020 at 7:54 am,
    OOTB Jerry says:
    it took less than two years to go from $1 trillion to $2 trillion.

    • On August 19, 2020 at 2:28 pm,
      OOTB Jerry says:

      How many people are going to buy an Iphone for $1000 …..

      • On August 19, 2020 at 3:15 pm,
        irishtony says:

        Jerry….Thousands are going to get them for free. Obama, will wisper in Joe’s ear . Give the nogs & the noget’s a free iphone ,& thev will vote for you , & the rest will just loot them….

        • On August 19, 2020 at 3:25 pm,
          OOTB Jerry says:

          Just as long as Sleepy Joe, does not blow back in his ear, ….america , the home of the red, white and blue, orange , green, purple,…..still ok……stay boyz watch cha doin….
          I go for treatment with Dr. Freida , on Friday….. LOL 🙂

          • On August 19, 2020 at 3:39 pm,
            irishtony says:

            Jerry…The only good QUACKS i have ever known live in the pond , in my local park.
            Go visit your local park & speak to them….& it wont cost you an arm & a leg . Just a little bread………

          • On August 19, 2020 at 3:50 pm,
            OOTB Jerry says:

            I am giving all the funds to the NEW FOUNDATION….of safe minds, and lost souls…..
            I am hoping Freida signs her book, and Owl gives me the stamp of approval….
            🙂

    • On August 19, 2020 at 4:53 pm,
      Marty says:

      OOTB, JERRY, IT TOOK LESS THAN 5 month to double

      • On August 19, 2020 at 5:09 pm,
        OOTB Jerry says:

        Marty…..thanks…..I just posted the news from zerohedge…..what do they know….lol

  4. On August 19, 2020 at 3:42 pm,
    cfs says:
    • On August 19, 2020 at 3:52 pm,
      OOTB Jerry says:

      Ding dong Rogers…No news review……

      • On August 19, 2020 at 4:23 pm,
        Ozibatla says:

        The volatility in gold is full on. Looks as though the Buffett news has already been digested and priced in. As long as we dont see a fresh downwave too far past last weeks low then this will just serve as solid consolidation. Albeit with abit of a wider trading range.

      • On August 19, 2020 at 6:34 pm,
        Ebolan says:

        Ding dong Rogers…No news review……

        Yeah…but did David become a gardener???

      • On August 19, 2020 at 6:34 pm,
        Ebolan says:

        Jim Rogers…says he’s a peasant…what’s that make us???

        • On August 19, 2020 at 9:21 pm,
          Ozibatla says:

          Skid marks on society I guess???

  5. On August 19, 2020 at 4:37 pm,
    cfs says:
  6. On August 19, 2020 at 5:09 pm,
    cfs says:

    Prime Mining trenches 42 m of 1.93 g/t Au at Los Reyes

    2020-08-19 10:48 ET – News Release

    Mr. Daniel Kunz reports

    PRIME MINING FINDS MORE SIGNIFICANT SURFACE MINERALIZATION AT ITS LOS REYES GOLD-SILVER PROJECT

    Prime Mining Corp. has released results from the company’s continuing surface sampling exploration program on the Los Reyes project, which continues to show outcropping surface mineralization consistent with the subsurface historic drilling results, this time from Noche Buena.

    Surface trench NB-4490N returned 42 metres at 1.93 grams per tonne gold and 25.7 g/t silver. Based on area mapping, trench NB-4490N has an 18 m estimated true width (etw). This trench included a nine m interval (four m etw) with 7.46 g/t Au and 98.1 g/t Ag.

  7. On August 19, 2020 at 7:21 pm,
    cfs says:

    I’ve been listening to the DNC convention on radio, and for the most part just wanted to puke at the amount of open-faced outright lies.
    e.g. mlost recently they were taking about family values and the strength of Jill Biden,who will continue to teach, if Joe wins the Presidency.

    Yet Jill Biden is the person who stole Joe from his first wife and bust up that marriage.
    GREAT FAMILY VALUES THERE.
    Then they talked about Trump inheritting a booming economy….all due to Obama-Biden. WHAT UTTER CRAP. The U.S. economy was in the toilet, because jobs had gone to China. Just continuous lies all the time so far.

  8. On August 19, 2020 at 9:13 pm,
    Ebolan says:

    More peaceful BLM protestors…they ran out of people to attack so they went after a helpless racoon…

    https://twitter.com/RayGarciahawaii/status/1295991588083163136

    If these demons aren’t exterminated they one day will come for you.

  9. On August 19, 2020 at 9:15 pm,
    CFS says:
  10. On August 19, 2020 at 9:35 pm,
    David says:

    Trump cannot indict anyone. Indictments can only issue from a Court Ordered Grand Jury that has jurisdiction over the matter, either at the Federal or State level.

  11. On August 19, 2020 at 10:01 pm,
    buzz says:

    Which calls for patients. Looks like every Tom, Dick & Harry that has missed the JR rally so far, has another buying opportunity

  12. On August 20, 2020 at 7:24 am,
    OOTB Jerry says:

    I am going to post this a couple of times…….
    https://www.youtube.com/watch?v=enm04j0NtVA
    Sgt report…..

    • On August 20, 2020 at 8:32 am,
      OOTB Jerry says:

      sheeple voluntarily give their rights away……..you really do not have to do most of the stuff govt. request you to do…..You volunteer …….

      • On August 20, 2020 at 9:01 am,
        OOTB Jerry says:

        ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

    • On August 20, 2020 at 10:05 am,
      OOTB Jerry says:

      14 Min Mark ……..is for some viewers……hummm wonder who that would be….

      • On August 20, 2020 at 4:10 pm,
        JMiller says:

        Well it is nobody on this site if that is what you are thinking.

        • On August 21, 2020 at 6:58 am,
          OOTB Jerry says:

          How do you know that to be a fact……….hummmmmmmm
          🙂

          • On August 21, 2020 at 7:09 am,
            OOTB Jerry says:

            11 Lest Satan should get an advantage of us: for we are not ignorant of his devices.

          • On August 21, 2020 at 7:10 am,
            OOTB Jerry says:

            2 Corinthians 2

          • On August 22, 2020 at 7:45 am,
            paul says:

            Verse for jerry

            John 8:44, “Ye are of your father the devil, and the lusts of your father ye will do”

          • On August 22, 2020 at 10:28 am,
            OOTB Jerry says:

            Paul , you are a riot……
            Come up and debate me, on the same day, and stop sneaking behind ….
            You like to post info. several days later, when no body is looking….

          • On August 22, 2020 at 1:01 pm,
            Matthew says:

            Jerry, small paul is one creepy little shit. He’ll go back two weeks to post something against you. He’s done it with me numerous times. He brings ZERO value to this site.

          • On August 22, 2020 at 1:09 pm,
            OOTB Jerry says:

            THANK YOU MATTHEW……I kind of thought that……I have caught him several times….

        • On August 21, 2020 at 10:42 am,
          JMiller says:

          Well I have not seen any one on this site say that people should be charged with murder for not wearing a mask. Do you know of someone?

          • On August 22, 2020 at 7:50 am,
            paul says:

            No one said that on here. Jerry is making false accusations.

          • On August 22, 2020 at 10:25 am,
            OOTB Jerry says:

            I did not make any false accusation Pauly…….Follow the script…..
            3M….likes to pervert the idea….as usual…….
            You two really should get tuned in to the conversation at the time, and not sneak in several days latter…….
            Come up to the NEW SECTION SAT…….JUST POSTED….

          • On August 22, 2020 at 12:12 pm,
            paul says:

            Some posts are the same day or a day later, not several days.

          • On August 22, 2020 at 1:11 pm,
            OOTB Jerry says:

            Paul……this one is several days…..check the date

          • On August 22, 2020 at 1:15 pm,
            OOTB Jerry says:

            Paul……..like I said……If, you want to converse…..join in…on the same day, so, we can have a real discussion…..in REAL TIME>……

          • On August 24, 2020 at 10:37 pm,
            JMiller says:

            Still waiting for an answer Jerry. Was that paul guy right?

          • On August 31, 2020 at 10:34 am,
            paul says:

            Yes, I was right. jerry is such a liar.

  13. On August 20, 2020 at 8:54 am,
    cfs says:

    Atico Mining drills 5.64 m of 12.46 g/t Au at La Plata

    2020-08-20 10:40 ET – News Release

    Mr. Fernando Ganoza reports

    ATICO INTERCEPTS 12.46 G/T AU, 137G/T AG, 9.02% CU, AND 12% ZN OVER 5.64 METERS AND EXTENDS HIGH GRADE ZONES BEYOND KNOWN MINERALIZATION AT LAPLATA PROJECT IN ECUADOR

  14. On August 20, 2020 at 8:57 am,
    CFS says:

    Sabina Gold drills 19.4 m of 15.15 g/t Au at Umwelt

    2020-08-20 07:51 ET – News Release

    Mr. Bruce McLeod reports

    SABINA GOLD & SILVER REPORTS FIRST RESULTS FROM HIGH-GRADE CORRIDOR DRILLING AT UMWELT UNDERGROUND

  15. On August 20, 2020 at 9:25 am,
    CFS says:

    FOR THOSE CONSIDERING HERBAL MEDICINE: SOME iNFO:

    https://youtu.be/nAYq5PJft4M?t=34

  16. On August 20, 2020 at 9:58 am,
    Excelsior says:

    Warren Buffett Buys Gold Stocks with Lawrence Lepard

    MiningStockEducation – August 18, 2020 #AudioInterview

    “Gold stock fund manager and Austrian economist Lawrence Lepard provides his commentary on the recent news that Warren Buffett’s Berkshire Hathaway took a 20.9 million share position in Barrick Gold which was valued at $563.5 million at the quarter’s end. He also discusses a possible weakness in the bullish gold thesis and shares his USD outlook. Lawrence also shares how he has been managing his gold stock fund.”

    0:00 Introduction
    1:35 Significance of Buffett’s gold stock purchase?
    3:59 When does the Buffett effect hit gold juniors?
    6:07 Possible weakness in bullish gold thesis?
    10:32 Any other asset classes you are investing in?
    12:06 Outlook for USD
    12:55 Possible hard economic reset with contested stock ownership issues?
    15:28 Are you seeing inflows in your gold stock fund?
    16:25 Fund’s lock-up period and expected exist strategy
    19:39 What type of gold stocks have you bought since mid-March sell-off?

    https://youtu.be/1150AW82xBY

  17. On August 20, 2020 at 10:03 am,
    OOTB Jerry says:

    I am keeping with my ……….KIS…S …..theory……