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Things Are “Bat-Shit Crazy” Right Now

This article was originally published by Tyler Durden at ZeroHedge. 

*FULL TITLE: Things Are “Bat-Shit Crazy” Right Now – Paul Tudor Jones Likes Bitcoin, Debunks Transitory Inflation Narrative

Paul Tudor Jones, the billionaire investor and founder of Tudor Investment Company, joined the hosts ofCNBC‘s Squawk Box for an early morning interview where he discussed the potential implications of whatever Fed Chairman Jerome Powell decides to tell the market on Wednesday when he speaks after the central bank’s latest 2-day policy meeting.

Jones began by making his position on The Fed’s narrative very clear:

“The idea that inflation is transitory, to me … that one just doesn’t work the way I see the world.”

PTJ isn’t the only big-name investor who is skeptical of the Fed’s inflation narrative (a group that also notably includes Jeff Gundlach). At this point, whenever the Fed does decide to finally taper its stimulus measures, markets are poised to go “bat sh*t crazy”. That’s why this week’s Fed meeting is so important.

“I think this Fed meeting could be the most important Fed meeting in Jay Powell’s career.”

Most expect Powell will once again choose to dismiss signs of intensifying inflationary pressures and ignoring data like last week’s inflation print. If that’s the case, PTJ said he believes investors should keep going all-in on the inflation trade.

“If they treat these numbers – which were material events, that were very material – with nonchalance, I think that’s a green light on the inflation trade,” Jones said in an interview on “Squawk Box”.

“I’d probably buy commodities, buy crypto, buy gold.”

But if the FOMC “course corrects,” something few expect at this week’s meeting, then markets could be in for a pumping ride.

“If they course correct, if they say, ‘We’ve got incoming data, we’ve accomplished our mission or we’re on the way very rapidly to accomplishing our mission on employment,’ then you’re going to get a taper tantrum,” Jones said.

“You’re going to get a sell-off in fixed income. You’re going to get a correction in stocks. That doesn’t necessarily mean it’s over.”

With so much confusion right now, exacerbated by the Fed’s refusal to meaningfully taper its post-COVID-19 stimulus,  PTJ said putting together a portfolio is no easy feat. As of now, he said he’s keeping 5% of his assets in bitcoin, 5% in gold, 5% in commodities, 5% in cash, and, as for the rest, who knows?

Of course, the Fed can’t keep its accommodative measures forever. PTJ said he’s grateful he’s not a pension fund manager because right now between bonds and stocks “they are so overvalued, they are at 100-year highs. I would have as many inflation hedges on as I possibly could.”

At one point in the interview, PTJ reiterated his support for bitcoin, which he previously endorsed on CNBC back in October.

“I like bitcoin. Bitcoin is math. math has been around fro 2 thousand years 2 + 2 will equal four for the next 2k years…bitcoin has appealed to me because bitcoin is a way to invest….do i want to have faith in that same reliability and consistency of human nature…”

As for bitcoin’s environmental impact, PTJ acknowledged that this might be a problem:

“it costs more to mine gold than it does to mine bitcoin. clearly, I’m concerned about the effects of bitcoin mining…if I was king of the world I would ban bitcoin mining until we found a better way.”

“I have a lot of friends heavily invested in crypto. I have a defensive position for myself and for my family, but I don’t even look at it any more.”

Tudor also offered some skepticism about the Fed’s strategy, saying that over-inflated financial assets are making him nervous.

I hope that we mean revert back to financial orthodoxy. I get nervous…

…you could argue that the Nasdaq is going to go up 20% if we stay at this pace in Treasury purchases…

I don’t know if that’s necessarily a good thing. I don’t know if continuing to increase valuations through monetization is the right course.”

Finally, CNBC’s Andrew Ross Sorkin finished off the interview with s simple question about taxing billionaires, which has been heavily in the news over a couple of weeks.

Watch the full interview below:

The post Things Are “Bat-Shit Crazy” Right Now first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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BIDEN/HARRIS/PELOSI: FREE MONEY!

This article was contributed by Portfolio Wealth Global. 

One of the topics that we see coming up in the financial media is the fear of a lost decade ahead. I want to discuss this subject since we have an army of billionaires who are warning everyone that it’s coming. One common denominator of these billionaires is age: they’re all older and actually are well into their retirement years.

Ray Dalio, who has been sounding the alarm for several years (while missing out on Bitcoin and delivering sub-market returns), is 71-years-old.

Charlie Munger, who has now joined the chorus of value investing legends who proclaim that traditional P/E ratios are sensationally-high, warns that stocks will return very low yields for years.

Jeremy Grantham, a value investor worth billions, who correctly predicted many incredible price forecasts, is actually saying that today’s bubble is greater than the Dotcom era.

Charlie Munger is 97-years-old and Grantham is 82-years-old.

They all gloriously missed Bitcoin, while we highlighted the bullish thesis below $500/coin.

They have all missed the rise of the tech giants and they are all obsessed with valuing companies from one angle only.

Their angle, unfortunately, is quite flawed, especially if we take the last 15-20 years as a case study.

There wouldn’t have been any point, from the year 2001 until the present day, where the analyses they conducted on securities would have put Amazon.com on their radar!

That’s crazy!

Even if they look at some of the best-performing companies of recent years, their approach to investing is limited to what they’re accustomed to and they’d admit that they would not have purchased shares in it, retroactively.

Warren Buffett, who has been great friends with Bill Gates since the early 1990s, missed out on Microsoft!

My point is that today’s market is expensive in many regards, compared with history, since interest rates are super-low, but will higher rates really crash stocks beyond belief?

The reason investors sell out of stocks is because they can lend money to governments and corporations, a strategy that is considered to be of lower-risk and becomes more enticing if interest rates rise.

Under this Biden/Harris/Pelosi regime, the government plans to spend a whole bunch. They want to embark upon an infrastructure program worth anywhere from $2tn to $4tn. They want to keep helping families with children and eradicate poverty (well-intended, but impossible) and this costs money.

The philosophy behind it is that the government borrows at such low yields that the ROI today is attractive since the impact of these programs will result in wealthier generations in the future.

Government debt is one thing, but corporations, those that don’t get to print currency to pay for their grandiose ideas, owe a collective $10tn to lenders.

This doesn’t necessarily qualify as a bubble, but the risks here are huge.

The message I have for you is that the government under Biden/Harris plans on spending heavily. We don’t see any reason to believe government debt will have any insolvency challenges, but the likely damage in the corporate bonds market is colossal, should rates rise.

The next downturn will expose how bad things are, but I made sure that I own no company with a debt burden on their books, nor do I hold any security that relies upon financing to bankroll its business.

That debt cycle is a recipe for disaster and I don’t plan to dabble in it.

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SELL IT ALL!

This article was contributed by Future Money Trends.

As I scour the Web, I see two camps emerging. On one end are the inflation bubble believers, who trust only what they “can hold in their hand.” After 2008, they have fully developed the belief that the whole financial system is rigged and that it’s an artificial beast that will one day evaporate into thin air, just as “currency is printed from nothing.”

People who belong to this camp do not easily trust what they are told and want to stick with “God’s money,” which means gold and silver to them.

Its superiority over anything else is a given, in their eyes. The perspective they have is that markets go up because of currency printing and precious metals go down because of paper trading manipulation.

This camp does have offshoots, which you may find putting money into Bitcoin even though it is digital since it is outside of the banking system that’s controlled by Deep State governments in the West.

They dread the cashless society and have come to put no faith in the government to do the right thing.

This camp thinks of the elites as a group that works for itself using any and all means governmental, private, and quasi.

Although this camp is a clear minority, they pride themselves as being enlightened, calling the rest “a herd,” sheep that blindly trust Washington to tell them what to think.

The more I research their arguments, the more I see that this isn’t a small group.

In my opinion, this camp serves a great purpose: they put forth facts, theories, and opinions that are useful to keep others informed.

In the past year, though, we’ve also seen an avalanche of exaggerations and bullshit spread as if it was coming from this group in an effort to make bank from getting media attention to fears of grand-scale conspiracies.

It looks to me like some are utilizing and exploiting the deep-rooted mistrust in the elites to make eccentric claims.

I don’t like that and it only serves to defeat the purpose of exposing real controversies.

The watchdogs are now labeled as “fake news loonies” and that’s not what they are or what they stand for.

On the polar opposite of this camp are those that rely on the media and the establishment, not noticing that there’s a clear, purposeful, and distorted brainwashing propaganda initiative behind the mainstream press.

I’m astounded at most who make up this camp. The number of lies and deceitful activity, clandestine, and covert operations done in the shadows that have been fully exposed by supportive evidence is overwhelming.

The camp avoids the stock market altogether because they link the two worlds, that of the Deep State web of espionage and the collapse of the financial system, and would rather hold cash and gold in their portfolio.

To me, this is the travesty of the “sell it all” mentality.

In the past 40 years, since 1981, the S&P 500 index has gone from 133 points to 3,943 points. This represents an appreciation of 2,864%. At the same time, the NASDAQ composite has gone from 202 points in 1981 to 13,319 points in 2021, an appreciation of 6,493%.

Do I own gold? Absolutely. I believe that there are very few individual Americans that own a larger holding than mine. Do I own silver? Yes, I do. Do I own stocks and real estate? I absolutely do.

Though intoxicating and addictive, I choose not to connect how the world’s stock market behaves and how the government operates.

I look at facts and see that I want to own equities. Don’t hide from the world. Don’t think that only you can see the underlying truth and the rest are blind. I am not blind to the endless scandals out there; I just rose above it and decided that other people’s evil actions won’t shape my destiny.

 

The post SELL IT ALL! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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SELL IT ALL!

This article was contributed by Future Money Trends.

As I scour the Web, I see two camps emerging. On one end are the inflation bubble believers, who trust only what they “can hold in their hand.” After 2008, they have fully developed the belief that the whole financial system is rigged and that it’s an artificial beast that will one day evaporate into thin air, just as “currency is printed from nothing.”

People who belong to this camp do not easily trust what they are told and want to stick with “God’s money,” which means gold and silver to them.

Its superiority over anything else is a given, in their eyes. The perspective they have is that markets go up because of currency printing and precious metals go down because of paper trading manipulation.

This camp does have offshoots, which you may find putting money into Bitcoin even though it is digital since it is outside of the banking system that’s controlled by Deep State governments in the West.

They dread the cashless society and have come to put no faith in the government to do the right thing.

This camp thinks of the elites as a group that works for itself using any and all means governmental, private, and quasi.

Although this camp is a clear minority, they pride themselves as being enlightened, calling the rest “a herd,” sheep that blindly trust Washington to tell them what to think.

The more I research their arguments, the more I see that this isn’t a small group.

In my opinion, this camp serves a great purpose: they put forth facts, theories, and opinions that are useful to keep others informed.

In the past year, though, we’ve also seen an avalanche of exaggerations and bullshit spread as if it was coming from this group in an effort to make bank from getting media attention to fears of grand-scale conspiracies.

It looks to me like some are utilizing and exploiting the deep-rooted mistrust in the elites to make eccentric claims.

I don’t like that and it only serves to defeat the purpose of exposing real controversies.

The watchdogs are now labeled as “fake news loonies” and that’s not what they are or what they stand for.

On the polar opposite of this camp are those that rely on the media and the establishment, not noticing that there’s a clear, purposeful, and distorted brainwashing propaganda initiative behind the mainstream press.

I’m astounded at most who make up this camp. The number of lies and deceitful activity, clandestine, and covert operations done in the shadows that have been fully exposed by supportive evidence is overwhelming.

The camp avoids the stock market altogether because they link the two worlds, that of the Deep State web of espionage and the collapse of the financial system, and would rather hold cash and gold in their portfolio.

To me, this is the travesty of the “sell it all” mentality.

In the past 40 years, since 1981, the S&P 500 index has gone from 133 points to 3,943 points. This represents an appreciation of 2,864%. At the same time, the NASDAQ composite has gone from 202 points in 1981 to 13,319 points in 2021, an appreciation of 6,493%.

Do I own gold? Absolutely. I believe that there are very few individual Americans that own a larger holding than mine. Do I own silver? Yes, I do. Do I own stocks and real estate? I absolutely do.

Though intoxicating and addictive, I choose not to connect how the world’s stock market behaves and how the government operates.

I look at facts and see that I want to own equities. Don’t hide from the world. Don’t think that only you can see the underlying truth and the rest are blind. I am not blind to the endless scandals out there; I just rose above it and decided that other people’s evil actions won’t shape my destiny.

 

The post SELL IT ALL! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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The Fed Enabling Biden and Congress’ Destructive Agenda

This article was originally published by Ron Paul at The Ron Paul Institute for Peace and Prosperity. 

According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars less than last year. However, CBO’s projections do not include the 1.9 trillion dollars “stimulus” bill Congress is likely to pass.

The CBO’s report was largely ignored by Congress and the media. One reason the report did not get the attention it deserves is Federal Reserve Chairman Jerome Powell’s continued commitment to making sure Fed policies enable Congress to spend as much as Congress deems necessary to address the economic fallout from the coronavirus panic.

As financial analyst Peter Schiff points out, the Fed’s commitment to ensuring the government can run up massive debt means the Fed will not allow interest rates to increase to anywhere near what they would be in a free market. This is because increasing interest rates would cause the federal government’s debt payments to rise to unsustainable levels. Yet, the Fed cannot admit it is going to keep rates near, or even below, zero indefinitely without unsettling the markets. So, the Fed continues to promise interest rate hikes in the future and the markets pretend to believe the Fed. When (or if) the lockdowns end, the Fed will find a new crisis justifying “temporarily” keeping interest rates low.

The Federal Reserve has not just endorsed massive federal spending, Fed Chairman Powell has also endorsed masks, vaccines, and social distancing to defeat the coronavirus and restore the economy. It is disappointing, but not surprising, to see the Fed go full Fauci.

The overreaction to coronavirus is a cause of the explosion in federal spending and the debt we have witnessed over the last year. However, federal spending already greatly increased from January 2017 until the lockdowns. This spending growth occurred under a Republican president, a Republican Senate, and, from 2017 to 2019, a Republican House. One bright spot in Democratic control of the presidency and both houses of Congress is more Republicans will fight excessive spending and claim to be “deficit hawks.”

Republican hypocrisy in claiming to care about spending and debt only when a Democrat sits in the Oval Office is one reason why Democrats can so easily disregard debt. Another reason is the left’s embrace of Modern Monetary Theory. Modern Monetary Theory is the latest version of the fairy tale that politicians need not worry about debt and deficits as long as the central bank can monetize the federal debt.

Unless the government changes course, America will experience a crisis greater than the Great Depression. The crisis will include a final rejection of the dollar’s world reserve currency status. There will also be much-increased price inflation. At that point, Congress will have no choice but to limit spending, although it will try to hide cuts in popular entitlement programs by “adjusting” government measures of inflation. Congress could then blame the Fed for the reduction in the value of government benefits.

Those who know the truth have two responsibilities. First, ensure they and their families are protected when the crash comes. Second, redouble efforts to spread the ideas of liberty and grow the liberty movement so politicians are pressured to cut spending and debt and to end the Fed.

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Harry Dent: “Nothing Will Save You” From The Upcoming Market Crash

Harry Dent, a best-selling author, is warning of a 40% market plunge in April.  Dent says “nothing will you save you” either, as gold, silver, and bitcoin will all go to zero.  Dent says central banks are losing control.

“The Fed is losing absolute control,” he tells our Daniela Cambone in this exclusive interview. While he argues that the crash will be the worst of our lifetime, Dent predicts that the ensuing depression will not be decades-long. The popular pundit also warns that there is nowhere to hide to protect yourself from this crash, “Nothing can save you, not Bitcoin, not gold.” Dent explains how he sees Bitcoin as a superbubble that will correct 95% and why gold will be heading back down to $1,000 an ounce.

 

This crash, when it does finally happen, will be the nail in the coffin of the United States dollar, that’s for certain.  The Federal Reserve (central bank) has already begun to acclimate the populace to the acceptance of a wholly controlled digital dollar tied to a social credit score, much like China’s.

Anyone who thinks the slave state cannot possibly get worse is delusional at best. It should be obvious to most by now that the rulers will not be loosening the chains.

Why Central Bank Digital Currencies Are a Bad Idea

Is Dent wrong? Maybe. Only time will tell. A crash is becoming more likely. We already know the dollar is toast and it is only a matter of time before the entire house of cards goes up in flames so the world can all be put on a pittance of universal basic income in exchange for their obedience to the totalitarian surveillance control state the elitists are building right now.

Prepare the best way you can and make sure you know certain skills, such as how to barter, hunt, fish, and forage.  Skills can never be confiscated.

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An Elitist Warned: Wallstreetbets Could “Take DOWN The System”

The system of centralized totalitarian control over the population is crumbling before our eyes, and one elitist has already warned that should Wallstreetbets continue, they could take down that whole system.

The “heavy hitters” (the billionaires, trillionaires, and rulers of the globe) in traditional finance have been concerned about the recent stock market action fueled by Redditors. The elitists are playing defense while the public finally gets off its knees and proves what a scam and slavery system this rigged monetary scheme propped up by government is.

This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week saying these types of systemic risk can “take down the entire system, theoretically.”

Estimates assume that short-sellers have lost “$70.87 billion from their short positions,” according to statistics from the financial data analytics firm Ortex.

An analysis from Zerohedge discloses that Melvin Capital lost a whopping $7 billion during the first month of 2021. “Melvin Capital lost 53% in January, as Gabe Plotkin (a former SAC Portfolio Manager), lost over $5.3 billion in one month,” the report noted. –Bitcoin.com

The financial newsdesk has also been reporting on another WSB (Wallstreetbets) trend taking place during the last week as short squeezers want to squeeze the silver market. One thread on r/wallstreetbets suggested that the power of the masses could squeeze the price of silver from $25 to $1,000.

The power of the masses is often disregarded, but the tyrants will soon realize people are waking up to the evils of government and central banking.

“In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open,” the finance reporter disclosed. “In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).”

Have people finally realized that it’s us vs. them? It’s the masters vs. slaves.  The ruling class vs. the peasants? Here’s hoping!

Government is slavery. Taxation is theft. Central banking is a scam. COVID-19 is a hoax. Democracy is mob rule. Voting doesn’t matter.

Have you figured it out yet?

The solution is to take down this oppressive slave system and live freely and voluntarily with each other. We do not need rulers and masters. Remember no one has any right to rule you no matter how many others voted for it.  This is why voting does not and will never matter when a new king is chosen. No masters and no slaves. Abolish the last two forms of slavery for good: government and centralized banking. It’s up to us.

 

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Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In

This article was originally published by Tyler Durden at ZeroHedge. 

 It was the one print everyone was waiting for, and here it is: silver futures opened up 7%, surging from $27/oz to a high of $29.095 following a weekend of speculation that the next big squeeze on WSB’s radar is silver. And whether that’s true or not, may no longer matter in a world where – as described below – there is virtually no physical silver to be purchased.

 

Spot Silver is back to its highest since the August/Sept cycle highs…

Gold futures managed very modest gains…

And silver’s dramatic outperformance has pushed the gold/silver ratio to its lowest since 2014…

US Equity futures are taking a hit (all down around 1%)…

So as silver approaches $30, keep an eye on major price slams, emerging either out of central banks who desperately need to keep precious metals lower, or the BIS itself, whose Benoit Gilson will have a busy day tomorrow.

* * *

Update (1100ET): For some background on just how unprecedented this weekend’s action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history. 

And, perhaps most importantly, as QTR tweets so succinctly, “this is a red pill moment for many, and it’s beautiful.”

Additionally, there are also signs of a notable regime shift, as Bloomberg points out, investors are holding onto silver they own, rather than trying to take profits.

“Now we’re seeing nothing, no single offer, which is scary,” Peter Thomas, senior vice president at Zaner Group, said by phone from Chicago.

“Whatever we sell, people are holding it. There’s no inflow of metal at all.”

*  *  *

Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be “the world’s biggest short squeeze” and that has left bullion dealers

As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.

Source: APMEX

 

Source: JMBullion

 

Source: SDBullion

And as one investor noted, the shortages are widespread…

We can only imagine where SLV will open after this.

*  *  *

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the ‘Reddit-Raiders’ – Silver.

On Thursday, we asked, “Is The Reddit Rebellion About To Descend On The Precious Metals Market?” … One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way.

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

…and judging by the unprecedented flows into the Silver ETF (SLV) they just got started…

SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.

Source: Bloomberg

Which helped prompt a spike in SLV off Wednesday’s lows of over 11% (and note that every surge in price was mimicked by gold, but gold was instantly monkey-hammered lower after the spike).

Source: Bloomberg

And judging by the asset flow, SLV has room to run here…

Source: Bloomberg

 

Just as short-interest in the ETF has been building…

Source: Bloomberg

This surge came after Reddit user ‘TheHappyHawaiian’ posted the following thesis on buying silver noting that “the world’s biggest short squeeze is possible and we can make history.”

‘TheHappyHawaiian’ cites two reasons to buy – The Short Squeeze and Fundamentals.

The short squeeze:

Buy SLV shares (or PSLV shares) and SLV call options to force physical delivery of silver to the SLV vaults.

The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.

The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It’s not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they’ve done for decades (look up silver manipulation fines that JPM has paid over the years).

The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn’t the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren’t halted and that’s what will make this so fun when the true squeeze happens.

Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation.

The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly miniscule.

The fundamentals:

The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold.

Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.

This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren’t going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It’s locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot.

**If the squeeze happens, it would be like 40 years worth of their gains in 4 months **

The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today’s world is because there aren’t really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth’s crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online.

Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.

The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.

What to buy:

I will be putting 50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16.

This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35.

Price target of $75 for SLV by end of April if the short squeeze happens.

Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that’s great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world.

Alternate options:

  • buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay
  • going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery
  • miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn’t create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)

Details on SLV physical settlement:

When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus:

“An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian’s, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future.”

‘TheHappyHawaiian” ends with a call to (financial) arms:

Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world.

Please post rocket emojis in the comments as desired.

Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too.

Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short side

Interestingly, ‘TheHappyHawaiian’ dropped this update on 1/29:

Due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail.

However, judging by the massive physical premiums for silver we are seeing this weekend at APMEX

… JM Bullion

… and SD Bullion.

…there are more than a few who are already rotating to SLV from GME.

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NO SACRED COWS: TRUMP SECTION 230 ULTIMATUM!

This article was contributed by Future Money Trends. 

In March, sending $1,200 stimulus checks to each and every American cost current and future taxpayers some $320bn, which is far less than what the federal government spends on many items that are far more wasteful. $600 stimulus checks would using the same mathematics, cost $160bn to the federal government. Even $2,000 checks would run something in the order of $530bn, which, in the big picture, is quite doable.

The Democrats were obviously on board with the idea of $2,000 checks, and now that Donald Trump is championing the notion that China is responsible for this unfortunate turn of events and Americans are victims of this financial upheaval, the $2,000 stimulus check package is becoming a battleground for passing legislation.

Courtesy: Zerohedge.com

As you can see, the “Hard Data,” which is much more helpful at predicting market corrections, is nosediving. “Soft Data,” which is more volatile, is also cratering faster than imaginable, and we believe that it won’t take much for markets to endure a short-term hiccup.

We are very bullish, though, on the stock market. While there’s a ton of uncertainty out there, the time to be invested is now!

We’ve got major problems that are scaring big investors away. As they check off boxes in 2021, they’ll return with their deep pockets, but prices could be much higher.

Apart from a black swan event, which we personally can’t foresee (of course, no one can, by definition), there aren’t many bearish catalysts we can see.

Here are things that can cause volatility, fear, panic, and sell-offs going into 2021:

  1. A government shutdown due to the inability to pass a budget, stimulus bill, or both.
  2. Strain mutations, which present fears that the vaccines won’t be effective or that some forms of the virus could be deadly.
  3. An eviction crisis, as there are roughly $60bn-$70bn due in rents and the stimulus package covers only $20bn.
  4. Real estate prices freezing.
  5. High unemployment for long periods.
  6. A disappointing earnings season in Q1.
  7. Biden’s tougher stance with Russia.

The biggest catalyst is the Georgia Senate election, which could put Democrats over the top and give them full control (a blue sweep if Biden is sworn in).

This will lead to speculation about excessive spending, a giant deficit, socialism, tax hikes, and who knows what else…

For now, let’s focus on Trump and on his ultimatum on Section 230 and its removal, which he attempted to tie with military funding and now with the $2,000 stimulus checks. Whether you voted for him or not, this strategy is certainly a genius negotiation tactic.

What the markets want to see is compromise, but the Democrats’ strategy might be to wait it out until early January, when Mike Pence has to count the electoral votes in Congress, and January 20th if there’s a formal transfer of power.

The $900bn bill is dead, in our opinion. President Trump wouldn’t call it a disgrace and ineffective on national TV only to ink it a few days later.

Will Congress be able to negotiate a new one in time? There are many moving parts; blood is in the streets for Main Street!

The post NO SACRED COWS: TRUMP SECTION 230 ULTIMATUM! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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TRUMP SIGNED $600 STIMULUS: CAVED BIG-TIME?

This article was contributed by The Wealth Research Group, and we deem it important!

In 2020, our inbox got filled after each and every letter we published that mentioned either Trump or Biden; it’s like walking on eggshells. I want to address this topic of favoritism or bias towards either Republicans or Democrats, Biden or Trump, America First or Globalism, socialism (communism) vs. capitalism, free speech or censorship (Section 230) and all the other highly inflammatory subjects that Americans, from both sides of the aisle, are not seeing eye-to-eye on and find no middle-ground to compromise on.

Hopefully, this will put to rest any confusion about where we stand on these issues and, instead of a flood of emails each time we express commentary, there will be an understanding of expectations, so that you’ll see our point of view.

The first thing to note is that we have heard and looked into all of the arguments from both sides:

* We have heard and looked into Trump supporters consider the following to be indisputably true: Joe Biden is a pawn of the Chinese Communist Party (CCP), the mainstream media and tech giants are suppressing the evidence of voter fraud (creating a false narrative), they’re purposefully not reporting about Hunter Biden’s legal issues (since it would have reflected horribly on Joe’s presidential aspirations), globalists agendas are hijacking America’s middle-class jobs and sending them overseas (the Deep State and its operatives), bankrupting the wealth of the average American (through debt and currency creation). They are also rewriting history and creating a radical left policy (“woke” Americans and “Cancel Culture”), which will rob Americans of their God-given rights and freedoms set forth by the Constitution, by trampling all over it (propaganda and BLM, for example). If Biden gets his way, America is toast and there will be nothing to stop Democrats on their quest to implement their own version of 1984.

On the flipside, Americans who hate President Trump also believe they’ve got all of their ducks in a row and take the following to the bank:

* We have heard and looked into what they live and swear by, which are the following: President Trump is a liar and a clown, who is not to be trusted. He destroyed America’s prestige among world leaders by ruining relationships with other countries, disregarding climate change, colluding with Russia, creating racist policies, helping his friends with favors, exaggerating and cheating, allowing people to die from the pandemic by not sticking with the science (he closed the borders first, but did not enforce masks…) and creating a more dangerous Middle East by removing troops, creating a power vacuum that terrorists will fill instead.

We are well aware of, highly familiar with and constantly checking various media sources in order to absorb all narratives and digest the data from all angles.

We listen to many channels, which have been taken down from YouTube and now publish on alternative platforms and we also listen to the mainstream narrative, in order to understand where most Americans (certainly most of millennials) get their “facts” from.

There are no blind spots or areas where we’re being naïve or complacent. There are no areas where we’re bending over and accepting tyranny or allowing any media source to dictate reality to us. By wearing a mask, we are not saying that CNN is right and by not wearing one, we are not saying that coronavirus does not exist and that this is all 5G-related. Said differently, we are not “persuaded” or brainwashed.

We’re not a political publication at all, but because politics is woven into the market behavior, we certainly must comment on it, which creates friction, when the letter does not conform to the reader’s view of the world. It’s impossible to publish any worthwhile insight, without aggravating a single soul, unfortunately.

Therefore, whenever we incorporate politics into our letters, it is done for the purpose of showing not what WE believe is the truth about Biden, Trump or their respective agendas, but what “the street” (which is to say Wall Street) believes to be the truth, since our mission is to highlight financial and investment opinions and reporting.

If I think the moon landing never happened, that the Earth is actually flat and that Area 51 is filled with aliens and I’ve got all the supporting evidence to back these claims, it will do me no good from a financial perspective, if Wall Street is not trending in this fashion.

Over 80% of money invested in stocks is transacted by large funds and massive pools of wealth, and Computer Algorithm Trading, so the value of knowing what the street is thinking is ENORMOUS.

If, for instance, you believe that Joe Biden is going to hand over American interests to the Chinese, or, on the flipside, you believe that four more years of Trump will result in America losing its respect with world leaders, the BEST and first thing you can do in either case is become financially independent, so that you can protect you and yours from what’s coming.

Your highest priority in life should be to live your BEST LIFE, since politics will never be just how you want it. One cannot be a victim of the times he is living in and this doesn’t mean being silent about injustices or not saying what you believe, but it does mean to not allow these issues to bring your quality of life down with them!

Bottom line: our publication projects the sentiment of the street, not that of the author, because the street is what matters!

After we release information, we dissect the potential opportunities it creates. This is how we showcased Bitcoin at $450/coin, when Jamie Dimon was threatening to fire employees, who traded it. We saw that the street was bullish. We released information and offered our opinion. This is how we turned bullish on stocks in late March, when we saw the FED would do anything to get the markets functioning again.

When we say that one should tolerate the opinions and notions of the very people he despises, we do not mean one should ACCEPT them by any stretch of the imagination. If someone came to me explaining Marxism, for example, I would listen with an open mind in order to understand how he thinks about the world, but his opinion would then be challenged with facts, from my part. I refuse to accept bullshit and unsubstantiated opinions, but I also refuse to be closed-minded, impatient or not exhibit courtesy, by turning away. Tolerating does not equal agreeing with or succumbing to the other side!

It means that we respect the diversity of opinions and the right of others to believe what they want. In the end, we lead by example; therefore, openly discussing issues and getting down to the root causes of why people think certain thoughts will help rid the world of foolish notions. Not being tolerant actually adds fuel to their convictions and puts them on the defensive and back them into a corner. We see it with teenagers all the time; whatever a parents warns them not to do, that’s what they’ll be obsessed with doing to spite their folks.

So, after this long background explanation of the purpose of this newsletter, know that when we state that President Trump just signed into law the $600 stimulus checks, there will be those who claim that he had caved, while others would reject that and believe that it’s part of his greater strategy.

Both could be right, but where is the VALUE in analyzing it?

The value is in understanding what the big money thinks, because that’s where opportunity exists. This is the main mission of our newsletter, which deals with financials.

The street is convinced that 2021 will be a bit more inflationary than in recent years and that’s important for you to know!

With the Treasury General Account holding $1.5tn, which they’ll spend into the real economy, with oil prices and agricultural commodities breaking out and with the GSCI on the verge of breaching a 12-yr resistance line, that’s the most important piece of information from a financial point of view – which is what you’ll always get from us.

Courtesy: Zerohedge.com

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Congress ‘Close’ On Stimulus; Will Include New Round Of Direct Checks, Nix State And Local Funding, Liability Protections

This article was originally published by Tyler Durden at ZeroHedge. 

Congress is ‘close’ on a coronavirus deal, which is expected to remain below the $1 trillion upper boundary set by Senate Majority Leader Mitch McConnell (R-KY) and GOP leadership earlier this year, according to The Hill. The current iteration of the deal will include direct stimulus payments to individuals but excludes liability protections and direct aid for state and local governments.

The  new round of stimulus checks will come in “at an amount lower than the checks of up to $1,200 per adult and $500 per child included in the CARES act,” according to The Hill‘s Scott Wong, who adds that it will “leave out $160B in funding for state and local governments, which was originally included in a $908 billion compromise proposal that Democratic leaders endorsed in early December, as well as liability protection for businesses, a top priority of GOP leadership.”

*  *  *

Looks like Goldman was right this time: one day after the bank’s chief political economist Alec Phillips flipped his stimulus position again, and said yesterday that think “it is more likely than not that Congress will pass this week a package similar to the recent $748bn bipartisan proposals, which would be close to our standing assumption of a $700bn (3.3% of GDP) package” moments ago Politico’s Jake Sherman confirmed what was already widely expected when he tweeted that negotiators “are on the brink of a $900bn coronavirus rescue package that would include a new round of direct payments, but would leave out state and local aid, and a liability shield.”

More importantly, he added that “a deal could come as early as early this morning.

The news immediately spiked the EMini, pushing it briefly above 3,700 before the gains fizzled as traders realized that much of this was already priced in.

The news also pushed 10Y yields to session highs above 0.94%.

For those who missed it, yesterday Goldman said that congressional leaders appear slightly more likely than not to include most of the other aspects of the bipartisan $748bn proposal (summarized below).

The largest of these would be another round of loans through the Paycheck Protection Program (PPP) for hard-hit businesses, payments to states to cover COVID-related education costs and public health funds for activities like testing and vaccine distribution. A $300/week UI top-up payment through March also looks likely.

As an aside, Goldman’s base case for additional stimulus remains $700bn (3.3% of GDP):

At this point, the discussions appear to be shaping up similar to our own expectations regarding the size of the additional fiscal measures. However, while we believed that Congress would provide around $200bn to state and local governments, it looks likely that if Congress acts this month, it would include only around $100bn for state and local governments, directed to schools.

And as we wait for details on the full stimulus package, something ominous: according to Goldman, “if Congress acts this month, it could be the last major installment of fiscal relief. If Congress passes fiscal legislation this month, it will likely create a new set of expiring policies in March or April 2021, which could pressure lawmakers to pass additional fiscal relief.”

While this might create some upside risk to our fiscal assumptions, we would expect the amount of additional fiscal measures Congress passes next year to be modest. With warming weather and vaccine distribution well underway by that point, another package worth several hundred billion dollars seems unlikely.

This means that another round of payments to individuals and aid to state and local governments could pass in early 2021 only if Democrats win both Senate seats in Georgia. Prediction markets currently put the odds that Democrats win both seats at around one in three. If they win both seats, Democrats will likely pass additional measures to provide state and local relief as well as payments to individuals, along with some other fiscal priorities that Congress is likely to omit from any fiscal legislation it passes this month. That could add an incremental $300bn to $800bn to the total fiscal relief we expect under a divided government scenario.

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DAGGER TO THE HEART: R.I.P. GOLD!

This article was contributed by The Wealth Research Group. 

Today’s letter is divided into two sections: the first is the update on the bloody mess that precious metals are undergoing and the second is a summary of the hearing that Rudy Giuliani and the list of witnesses reported that gave verbal accounts of their testimony about Pennsylvania’s voter irregularities.

GOLD: IS THE BULL MARKET DEAD?

In short, the answer is NO. There are several instances since December 2015 where we’ve seen similar moments to this. These are instances in which the volatility index plummets, many events conspire to bring hope, and there’s the assumption that central banks might tighten and that there’s no catalyst for precious metals. These instances come and go since you can’t get rid of the underlying issue: more currency is created by the second.

As you can see, gold fights these moments off and rallies:

Courtesy: Zerohedge

If this one follows in the footsteps of the ones we saw in June 2019 and March 2020, watch out, bears!

As you can see, in August, the price of gold distanced from its 200-DMA so much that this sell-off was due to arrive. Taking profits in August was very smart.

Right now, our thesis is that the best course of action is a slow accumulation. The value proposition is certainly the best it’s been since March, and in terms of the mining industry itself, the validity of the sector is well intact. The trend is clear — gold is heading down.

The median all-in sustaining cost is still $975/ounce, so mining companies are still able to report strong earnings, which is the key to understanding the reason we’re about to pull the trigger on the most compelling buy-the-dip setups, in our opinion.

This is gold’s worst month in four years!

Courtesy: U.S. Global Investors

Like we wrote two weeks ago, when gold’s price was much higher, we could see gold falling all the way to $1,750. These shakeouts are the best buying opportunities in hindsight. Traders surrender and it feels bad; there’s a sense of desperation about the future’s price action. We think we’re going to see that frustration fairly soon.

TRUMP’S LAWSUITS – PENNSYLVANIA

Pennsylvania had multiple alleged “irregularities” in the state’s vote count:

* At least 21,000 dead people on Pennsylvania’s voter rolls

* Duplicate ballots were mailed out to thousands of registered voters (Pittsburgh officials have admitted that this happened)

* A lawsuit filed against the state of Pennsylvania for having more than 800,000 inactive voters on its voter rolls

* Pennsylvania’s attorney general told Ted Cruz to “stay the hell out of” the state’s disputed tabulation of presidential election votes

* Dominion Voting Systems’ corrupt election software system was reportedly used in Pennsylvania

Along with that, Giuliani cited another set of numbers that don’t add up. Pennsylvania received approximately 1.4 million absentee or mail-in ballots. However, in the count for president, they counted 2,589,242 absentee or mail-in ballots. How will they account for the discrepancy?

“I know crooks really well. You give them an inch, and they take a mile. And you give them a smile, and they take your whole country.” These were Giuliani’s ending remarks for his opening speech.

Could all of these witnesses possibly be lying in a public hearing, making up the very specific details of what they saw and heard? The mountain of firsthand evidence can only lead informed citizens to one conclusion.

Here’s what President Trump is saying about all of this:

“The whole world is watching us. The whole world is watching the United States of America, and we can’t let them get away with it… This election was rigged, and we can’t let that happen. We can’t let it happen for our country.” – Donald J. Trump.

The zero hour cometh; we shall see if these hold up in the Supreme Court or if Biden will be inaugurated on January 21st, 2021.

The post DAGGER TO THE HEART: R.I.P. GOLD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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GOLD OBLITERATED!

Markets have priced in the vaccine news, so rates are rising, stocks are fully-priced (with hedge funds and retail investor piled-in) and with no stimulus, we are just not convinced that the markets understand that many states are about to hit the reset-button on lockdowns and business shutdowns.

Gold simply has no catalyst in the immediate-term, on top of the fact that investors generated large profits on it in 2020 and now want to cash in their chips.

What does this mean?

For one, it means that the initial reflation trade is over. Now, we will take a breather, before the delayed inflation begins to hit.

* Right now, both case counts (since the tests are truly sensitive) and fatalities, unfortunately, aren’t stopping and we’re entering winter.

* No one knows how large or comprehensive the stimulus package will be.

There are pretty good estimates that it will be between $1.4tn and $2.0tn.

Courtesy: Zerohedge.com

As you can see, if we just wait, the market will give us confirmation of either a breakout or a correction.

What we respect and appreciate is peace of mind, when investing. There are so many unknowns right now, especially as we don’t even know who will be president, or how Americans will react once one is confirmed.

What conclusions can be drawn?

* Covid-19 has shown to everyone that central banks and governments have no idea what creating currency and debt can lead to. They’re not concerned with any of the impact that’s attributed to it.

* Society bails out the rich and the asset owners first.

* People who are working in lower-income jobs must immediately form a side-hustle. The economy has changed and there are innumerable opportunities if one is able to work hard and not wait for government.

* We have no control over the fate of the dollar, but we can prepare by owning alternative currencies. Portfolio Wealth Global has been writing about Bitcoin, for example, for years.

Courtesy: U.S. Global Investors

This is the inheritance of today’s generation to our children and grandchildren. They will have to deal with the debt ordeal – but that’s a myth, in our opinion.

We do not believe that deficits don’t matter; in fact, we believe that now, more than ever, the world sees that printing currency, without a plan on how to pay it back, is a recipe for disaster and a destabilizer for society.

Expect an important update on our favorite side hustles in the coming days!

 

 

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HELL UNLEASHED: CATALYSTS FOR MARKET MELTDOWN!

This article was contributed by The Wealth Research Group. 

Today’s letter encapsulates our overview of how markets may react to the all-important news flow, which is coming our way, and what might happen in December. We’ve gone over this from all angles and my main conclusion is this: risk of a correction is high, but the potential for a boom is high as well.

In other words, we don’t expect sideways action in December whatsoever; it will either be that December is a spectacular month or that a huge sell-off occurs. The best way to win in this type of set up, as we see it, is to take profits of value stocks in advance.

The thesis behind it is this: if markets crash, the large cash position will allow re-entering into growth and value at much lower prices. If the market explodes, having that allocation towards growth, going into it, will allow for big gains without risking too much cash.

These catalysts are going to drive markets in December:

  1. Black Friday / Cyber Monday sales: Remember, at the end of the day, America is a shopping machine. 70% of its GDP comes from getting its massive population base of 330M individuals to spend money and create velocity of currency. America thrives on consumer confidence, so these two holidays will tell us not only (1) who is shopping {the blue-collar worker or the white-collar worker or BOTH) but also (2) how strong they are or how badly they need a bailout.

Our data shows that people have been getting sick and tired of 2020 and will not deprive themselves of some holiday cheer. We expect online sales to be strong, but we don’t believe that it will originate from the lower-income brackets, which are in desperate shape right now! They’re looking to stay in their homes and not get evicted; they’re looking to put food on the table rather than wear the latest fashion. This data will be out by December 1st, which is the reason I outlined it first.

  1. Secondly, on December 8th and 9th, the FDA is set to approve both Pfizer and Moderna’s mRNA vaccines. If you’ve been watching the press conferences held by the White House Covid-19 taskforce, then you know that the administration is doing all it can to convince the general public to trust that the vaccines are safe and hold no adverse side effects.

This mass-marketing effort to prove that they weren’t rushed, at the expense of going through the proper procedure to eliminate any risks of taking them, comes because a majority of Americans – and for that matter, people around the globe – are not too excited about injecting themselves with yet another vaccine, when 99% of Covid-19 patients recover from the disease without any lasting harm. We know we are going to be researching this thoroughly as well.

Vaccines have become a polarizing topic, with Bill Gates portrayed as the antichrist leading the charge to inject/infect the population; many doctors, on the other hand, are deconstructing this theory by attempting to prove that there are no clear links between vaccines and autism in children, for example.

Our point is not to take sides, but to tell you that, according to the White House, there are 100M doses ready to be deployed within 24hrs of approval and that public acceptance or resentment will move markets.

  1. Another big catalyst comes on December 11th, when Congress must pass the budget for 2021 in order to avoid a shutdown.

A fiscal cliff adds to the ever-growing division in politics and we don’t believe we’ll get there, since Democrats and Republicans are working on what’s called the Omnibus Spending Bill, which is likely to bundle up a number of various spending programs into one.

With JPMorgan releasing data, which shows that they believe that Q1 2021 will see GDP contracting again, our thesis remains that the full recovery will happen in 2022.

NOTHING is over yet.

The post HELL UNLEASHED: CATALYSTS FOR MARKET MELTDOWN! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT?

This article was contributed by Portfolio Wealth Global.

Lucy, you’ve got some ‘splainin’ to do! If these instances mentioned below even closely resemble reality, Biden’s victory lap is premature:

  1. A state stops counting and upon resumption, Biden’s tally surges.
  2. A USPS worker was arrested while bringing three absentee ballots from Canada into the U.S. – claims he took a wrong turn.
  3. Software glitches across the board. By the way, some of these software systems can be hacked online.
  4. Backdated envelopes.

For the sake of democracy and the American way, we hope these prove to be false or over-exaggerated, but we can’t deny that there are many Trump supporters who now doubt the official count.

When Trump tweeted “I WON THIS ELECTION, BY A LOT,” it took him four minutes to reach 40K likes. When he tweeted “Joe Biden should not wrongfully claim the office of president. I could make that claim also. Legal proceedings are now beginning!” he received over 600K likes. These represent probably 10% of the people who genuinely believe this election was not conducted fairly, so, in reality, we believe millions of Americans are now convinced these results to be real.

This may become a legal battle and I’m pretty sure that markets won’t like that in the least.

Courtesy: Zerohedge.com

As you can see above, the media, in our opinion, will begin to report that a massive third wave of hospitalization and death cases has begun. With the elections currently tilting towards Democrats, all fingers will be pointed towards Trump (perhaps globally).

Biden’s security has been greatly enhanced, with a wide no-fly-zone over his home.

Germany has openly condemned President Trump’s behavior as dangerous and within his own party, he is under pressure to concede and to hand over the baton.

I am going to keep you posted on developments, perhaps even on a daily basis, since circumstances are changing so quickly.

For now, let’s recap what we got:

  1. Precious metals enjoyed an historic week of gains.

  1. Bitcoin, a cryptocurrency that we mentioned and highlighted right here in this newsletter when its price was less than $600/coin is now worth $16,000. This represents a 26.6x appreciation!
  2. Societe Generale, a very famous French bank, has calculated that QE programs have suppressed interest rates in the United States by a dramatic number.

This, of course, has served to widen the wealth gap, bring about societal unrest and lead to a debt bubble.

Courtesy: Zerohedge.com

If bonds were not purchased by the Federal Reserve, they argue, the S&P 500 would be 1,800 points and the NASDAQ 100 would be worth around 5,000 points.

The proof is in the pudding.

  1. Lastly, because of the gain in the price of gold, which appears to have bottomed around $1,860 and silver, which appears to have bottomed just below $23.00, the sector has been recovering and mining shares are up noticeably.

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ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT?

This article was contributed by Portfolio Wealth Global.

Lucy, you’ve got some ‘splainin’ to do! If these instances mentioned below even closely resemble reality, Biden’s victory lap is premature:

  1. A state stops counting and upon resumption, Biden’s tally surges.
  2. A USPS worker was arrested while bringing three absentee ballots from Canada into the U.S. – claims he took a wrong turn.
  3. Software glitches across the board. By the way, some of these software systems can be hacked online.
  4. Backdated envelopes.

For the sake of democracy and the American way, we hope these prove to be false or over-exaggerated, but we can’t deny that there are many Trump supporters who now doubt the official count.

When Trump tweeted “I WON THIS ELECTION, BY A LOT,” it took him four minutes to reach 40K likes. When he tweeted “Joe Biden should not wrongfully claim the office of president. I could make that claim also. Legal proceedings are now beginning!” he received over 600K likes. These represent probably 10% of the people who genuinely believe this election was not conducted fairly, so, in reality, we believe millions of Americans are now convinced these results to be real.

This may become a legal battle and I’m pretty sure that markets won’t like that in the least.

Courtesy: Zerohedge.com

As you can see above, the media, in our opinion, will begin to report that a massive third wave of hospitalization and death cases has begun. With the elections currently tilting towards Democrats, all fingers will be pointed towards Trump (perhaps globally).

Biden’s security has been greatly enhanced, with a wide no-fly-zone over his home.

Germany has openly condemned President Trump’s behavior as dangerous and within his own party, he is under pressure to concede and to hand over the baton.

I am going to keep you posted on developments, perhaps even on a daily basis, since circumstances are changing so quickly.

For now, let’s recap what we got:

  1. Precious metals enjoyed an historic week of gains.

  1. Bitcoin, a cryptocurrency that we mentioned and highlighted right here in this newsletter when its price was less than $600/coin is now worth $16,000. This represents a 26.6x appreciation!
  2. Societe Generale, a very famous French bank, has calculated that QE programs have suppressed interest rates in the United States by a dramatic number.

This, of course, has served to widen the wealth gap, bring about societal unrest and lead to a debt bubble.

Courtesy: Zerohedge.com

If bonds were not purchased by the Federal Reserve, they argue, the S&P 500 would be 1,800 points and the NASDAQ 100 would be worth around 5,000 points.

The proof is in the pudding.

  1. Lastly, because of the gain in the price of gold, which appears to have bottomed around $1,860 and silver, which appears to have bottomed just below $23.00, the sector has been recovering and mining shares are up noticeably.

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TODAY IS THE DAY: JB vs. DT – MY PREDICTION!

This article was contributed by Future Money Trends. 

The United States and many parts of the Western World, as well as developing nations, are watching their screens today, anticipating how the elections will turn out.

Most voters don’t pick their president based on results, but on how they make them feel. 70% of voters have no idea what the platform of Donald Trump or Joe Biden is; they are familiar with buzzwords and general terms but can’t or won’t devote the time it takes to arrive at a factual, wise, and wholehearted decision.

This election day is determined by peer pressure, media propaganda, and largely by the way the candidate makes you feel about whether or not you’d want to be his friend.

A political leader with the responsibilities of the president doesn’t have to fit into that slot of “a nice guy to have coffee with,” although it doesn’t hurt.

This job of occupying the White House between now and 2024 is about one thing: the ABILITY to perform the work required.

FutureMoneyTrends.com believes that Donald Trump is in trouble in Arizona, a state that could tilt the balance towards the Democrats. We also believe that Trump crusaders woke up at 5 AM today and are doing anything they can possibly do to help their candidate.

Therefore, our prediction is that Donald Trump is likely to win, by securing PA, MI, and NC, as well as FL and GA, giving him 308 Electoral College votes, but we shall see.

What I’d like to do now is analyze the precious metal sector for each of the two scenarios, a Biden victory and a Trump one:

Courtesy: Zerohedge.com

Between now and December 8th, when the electoral college vote is materially finalized, there might be legal debates that arise due to the probability of mail-in fraud, late voting, or other manipulative actions.

What markets want more than the certainty of knowing who will be the next President of The United States is MORE STIMULUS.

Starting in March, after they poured everything they had into this economy, the Federal Reserve has become second fiddle to Congress.

QE programs and low, zero, or negative interest rates are the norm. Markets have already priced in the fact that they’ll stay there for years. Households can only function and originate mortgages thanks to this. Businesses can only recycle loans, refinance debt, and borrow funds because of it. Governments can only keep their giant deficits in motion due to this reality, and it won’t change anytime soon.

Joe Biden and the Democrats – The most important policy change that will be enacted if Biden ends up winning is his attitude towards China.

Biden is likely to ease up big time.

This is important because this kid-gloves approach is likely to cause the world to be less fearful of animosity between these two countries, the world’s strongest empires. As you know, in the past four years, President Trump has not started any new war; his attitude towards foreign policy included far less back-channeling and much more of a public approach, putting pressure on China, Europe, and the Middle East, out in the open. Our opinion is that Biden’s way could lead to a Chinese confidence boost and new war fronts could emerge, just like when Russia felt brave enough to attack Ukraine.

The bottom line is that a Biden victory is likely detrimental to the U.S. dollar and we believe that under his administration, commodities and stocks will trade in tandem, OPPOSITE TO HOW they did in the past twelve years.

Since silver is 55% below its all-time high, our rating of it as a likely winner is even bigger than gold’s. We would not be surprised to see strong silver performance in 2021 and beyond, testing its legendary $50/ounce high.

The post TODAY IS THE DAY: JB vs. DT – MY PREDICTION! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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2 DAYS TO GO: This Race Is TIGHT!

This article was contributed by Portfolio Wealth Global. 

The volatility index is screaming at us. History says that we are in one of the most make-or-break moments for stocks in the past three decades.

Courtesy: Zerohedge.com

On October 28th, the VIX closed above 40, which happens very rarely; it’s a caution sign of the highest order. Literally, VIX closes over that level less than 3% of the time.

My gut instinct is that there’s potential for a big sell-off if the elections don’t end in the way that big money managers believe they will.

When we look at how gold fits into this picture, I want to remind you that between 2017 and 2020, no public mentions of any discovery of 2M ounces or more has been accomplished; the mining industry is still traumatized by the bear market and is behaving with caution.

Courtesy: Zerohedge.com

One cannot overstate the need to think professionally and to be mindful of the fact that the profits do not justify prices on a broad-based index level. Certainly, the opportunities are with individual securities, if you’re capable of understanding businesses and feel comfortable risking funds.

The S&P 500 has never crashed this severely in the week leading up to a presidential election; something is clearly not right. Both the Dow Jones and the NASDAQ have already entered correction mode (down over -10% from their highs).

What I think most people are not prepared for is the possibility that their country or state will re-enter some sort of stay-at-home order and even quarantine.

Lockdowns are in the cards!

Courtesy: U.S. Global Investors

The U.S. is experiencing a “V”-shaped recovery, but this data hardly shows the distress that is really out there.

So, what’s in store for Tuesday?

Again, because of the Electoral College system, people in the swing states will determine who will sit in office for the next four years. According to my calculations, there are 195 swing votes, which is a lot.

Because of the way the Electoral College voting works, the fact that Democrats get California, New York, Illinois, New Jersey, and Virginia, comprising 173 votes, along with Massachusetts and Washington State, which add another 23 votes, for a total of 196, means they will turn their focus on just winning in several other small states and they’re in.

Because California is such a big deal, this system makes it very difficult for Trump, who doesn’t stand a chance there.

He doesn’t even campaign in California…

His focus and his message are that he will continue opening up the economy, dealing with the virus while respecting people’s freedoms, while instilling the fear that Joe Biden will enforce major lockdowns, school closures, and trample on your civil rights.

On the other end, Biden will show Trump as reckless and irresponsible, holding him accountable for the deaths, because of his “haste” in opening up.

We shall see where public opinion ends up on these matters in addition to other hot topics.

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It WOULDN’T Take Much: Markets COULD IMPLODE!

This article was contributed by Future Money Trends. 

National polls will tell you which candidate has more support in general, but in the U.S., each and every citizen does not vote on a national level, but on a state-by-state level. In other words, if one resides in California, they will influence which candidate will win in their state alone.

This might create a situation where the popular vote, which is the candidate who gets the most total votes, does not become president.

John Quincy Adams in 1824, Rutherford B. Hayes in 1876, Benjamin Harrison in 1888, George W. Bush in 2000, and Donald Trump in 2016 all won despite losing in the popular vote.

This system, where each resident can only influence locally, is called the electoral college, and it is only practiced in the United States, even though surveys show that between 60% and 80% of Americans don’t approve of it.

WHAT IS UNIQUE ABOUT THIS WAY OF CHOOSING A POLITICAL LEADER?

  1. This system is based on the number of congressmen that serve in the House of Representatives.

Each state also gets to send two senators to the Senate.

Here’s how this works in real life: in Texas, there are just over 25M residents, so it has 36 congressmen in the House. A state like Vermont is tiny, with less than 650,000 residents, so it has one congressman. The way the electoral college works is Texas gets 36 votes for each congressman and two for its Senators, so it’s worth 38 votes in Tuesday’s elections, compared with Vermont’s 1 congressman + 2 Senators, which gets them 3 votes on Tuesday.

This is just one example. What this does is make it so that each vote is not equal to another due to the number of residents each delegate ends up representing.

Take Oregon, which will vote for Biden. It is worth seven votes. Its population is 4.2M, so it means each delegate is in charge of 600,000 voters (4,200,000 / 7 = 600,000). In other words, every 600,000 people are worth one vote. In red-voting Montana, there are 1.07M residents, which influence three votes, so every 356,000 voters are worth a delegate. This makes their votes more valuable.

  1. Swing states: in areas that are known for changing their minds between Democrats and Republicans, therefore, the two candidates campaign, rally, blow their ad budget, and put in the effort, whereas in states they are comfortably in the lead in or have no prayer of winning, they would not spend a second.

In 2016, in New York, a blue state, 2.8M people voted for Trump, but since Hillary got 4.5M votes, those people’s political opinions got buried.

This system goes back to the early part of the United States when it made more sense, but it seems to be inefficient for the 21st century.

Courtesy: Zerohedge.com

Back to the markets, we can see that as hedge fund manager David Einhorn says, fundamentals have begun mattering since September 2nd because liquidity isn’t enough to move prices higher anymore.

This is a warning sign shouting at us.

Be on the lookout for our special PRESIDENTIAL UPDATE Tuesday AM!

 

The post It WOULDN’T Take Much: Markets COULD IMPLODE! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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CONTESTED ELECTIONS: Police Ready For MAYHEM!

This article was contributed by The Wealth Research Group. 

A record turnout of voting is happening around the United States. The ease of mail-in votes is allowing many more people to express their opinions, where they might otherwise just stay home, be indifferent about it, and avoid the crowds.

Let’s go over the current state of affairs:

Democrat leaning states – California (55), Hawaii (4), Oregon (7), Washington State (12), Illinois (20), New Mexico (5), New York (29), Washington D.C. (3), Maryland (10), Delaware (3), New Jersey (14), Connecticut (7), Massachusetts (11), Rhode Island (4), Vermont (3) and Virginia (13). These states are nearly guaranteed to vote for Biden; that’s a collective 200 Electoral College votes.

Republican Leaning States – Oklahoma (7), Utah (6), Idaho (4), Wyoming (3), North Dakota (3), South Dakota (3), Nebraska (5), Louisiana (8), Alabama (9), Mississippi (6), Arkansas (6), Missouri (10), Kentucky (8), West Virginia (5), Tennessee (11), Montana (3), Alaska (3) and Indiana (11). These states are nearly guaranteed to vote for President Trump; that’s a collective 111 Electoral College votes.

SWING STATES: Nevada (6), Arizona (11), Colorado (9), Wisconsin (10), Michigan (16), Florida (29), New Hampshire (4), North Carolina (15), Georgia (16), Iowa (6), Ohio (18), South Carolina (9), Minnesota (10), Kansas (6), Pennsylvania (20), Maine (4) and Texas (38). That’s a collective of 227 Electoral College votes.  

According to the polls, which are NOT to be trusted, Biden has a big lead. They vary from one to another, but most have Joe Biden comfortably in the driver’s seat.

If Biden wins the blue-swinging states, according to the polls, then he would have 279 Electoral College votes, whereas Donald Trump would have 263.

In other words, if Trump wins in either AZ, CO, WI, MI, or NC and is able to secure FL, TX, PA, and MN, he will remain in office.

What do you think will occur?

Monday will be another volatile day, because, as you can see, with everything that’s happening with Joe’s son, things aren’t looking like smooth sailing for the Democrats.

Courtesy: Zerohedge.com

The eerie similarity between today’s market action and the one markets experienced in the Great Depression is quite dramatic, but the Federal Reserve and the world’s governments are reacting quickly and with a massive force of stimulus measures, all based on DEBT – lots and lots of it.

It seems like the tradeoff between debt and stimulus is always towards DEBT.

Can markets suddenly plunge by 40%-60%? Is it possible?

The answer is most likely not, since the crisis that we’ve seen this year did not originate from a financial or economic source.

It’s certainly possible that we’ll have volatility and pretty erratic markets for a while, since there’s an elevated level of uncertainty, specifically when it comes to the pandemic.

When one looks at this third wave of infections sweeping through Europe and the U.S., coupled with the elections, the conclusion is that Covid-19 will probably stay with us for a few years longer than most believe, perhaps permanently.

I’ll leave you with this: since 1928, if the S&P 500 was down for the 3-month period before elections, the reigning party (Republicans, in this case) was defeated. Since August, the index has returned -0.6%, so if you wanted yet another CLOSE CALL, this is as tight as it gets.

Courtesy: Zerohedge.com

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Cities Across The Country Board Up Windows Ahead Of The Election

 

Many cities are anticipating election chaos and violence after the election takes place on Tuesday, so business owners have been boarding up their windows to prevent as much damage as possible. Small businesses are being systematically destroyed and this could be the end for so many more.

Regardless of the outcome, businesses are concerned about the public’s response to the winner. From San Francisco to New York, major cities are taking precautions and shuttering their doors and windows to prevent theft and damages. After a spring of economically disastrous lockdowns and a summer of protests, looting, and rioting, storefront businesses across the country are bracing for a potential wave of social unrest related to the election.

In Chicago, several businesses along the Michigan Avenue shopping district have boarded up their windows in preparation for Election Day, Adam Skaf, a spokesperson for the Magnificent Mile Association, told NBC News. The group also partnered with the city government to participate in an auxiliary command center on Election Day, when it will share real-time information to businesses.

Walmart has also taken a controversial step. The store said this week it would remove all guns and ammunition from its sales floors as a precaution, after seeing some “isolated civil unrest.” Walmart announced Friday it had reversed that decision, however.

Another Secret Model: A Contested 2020 Election

While President Donald Trump has repeatedly suggested that he will refuse to participate in a peaceful transition of power in the event he loses to former Vice President Joe Biden, Hillary Clinton and others have suggested the Joe Biden refuse to concede no matter what.

This election has been promised to be chaotic at best. Prepare for the worst while hoping for the best.  You cannot control the actions of others, but you can prepare for the rabid hoards of people that are likely to take to the streets the night of the election and for days, if not weeks afterward. Be where you want to be and make sure you are safe. This has been promised to be ugly, and with so many Americans impoverished thanks to lockdowns, people are going to feel backed into a corner, and they may think fighting is the only way out. 

Texas Governor Orders 1,000 Troops For “Post-Election Disturbances”

Don’t Vote for a Psychopath: Tyranny at the Hands of a Psychopathic Government

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ELECTION JITTERS: FULL-BLOWN MELTDOWN!

This article was contributed by Future Money Trends.

Yesterday, markets absolutely crashed hard.

What’s causing this unbelievable volatility? In one word, it’s the election. This November 3rd, the world’s leading economy, the one that holds the reserve currency status, could erupt into chaos.

The markets were sure that Biden will win due to the polls, which they couldn’t believe would be wrong again, but the reality is proving much more complicated.

For one, Hunter Biden’s scandal is getting suppressed at 20x the force that the bullion banks depressed silver at the turn of the decade. If Trump’s son was in the same shoes, there would have been no COVID-19 coverage anymore – his recordings would be playing 24/7 and spreading like fire on all social media platforms.

The United States media has lost all credibility and any sense of fairness or dignity.

Courtesy: U.S. Global Investors

October is notoriously the most volatile month of the calendar year, and the NASDAQ 100 is very close to another flash correction (-10%).

What we’re hearing from Jeff Gundlach, David Einhorn, and Stanley Druckenmiller is distressing and alarming. Gundlach is predicting a revolution this decade. Einhorn has called the top of the tech bubble (as of September 2nd). Druckenmiller is on edge.

Going back more than 120 years, the data shows that October is a unique month; for some reason, the biggest market crashes occur within this calendar month.

Courtesy: SeekingAlpha.com

As you can see, the tech bubble of today is only half as expensive as the one in the 2000s, so before we start predicting a great depression 2.0, know that we personally don’t treat this volatility as the telltale signs of a huge meltdown.

We acknowledge the fact that stocks are expensive, but we also know that times are different.

Therefore, keep “living” what’s going on instead of looking to build fantasy scripts in your mind like the ones I read about every day that forecast -80% drops as if those occur every Monday morning.

The worst black swan event in a century only managed to move markets down by -35% in March, so think of what -80% really entails…

Courtesy: Zerohedge.com

We live in a world of expensive assets and zero-percent interest rates. At some point in the coming years, the whole thing will have to be reversed, neutralized, or reset – IT’S MADNESS.

On the other side of this chaos, I expect the motherlode of all stimulus packages – wait for fireworks, even if they take a couple of months to kick in.

Governments are under severe threat of existential legitimacy and people want money. They will GET IT, and that is a clear catalyst for commodities.

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STOCKS DEMOLISHED: WHAT DID YOU EXPECT?

This article was contributed by The Wealth Research Group. 

Oh man, yesterday proved what happens when there’s uncertainty about a major event, coupled with the CERTAINTY that no Federal Reserve is coming to your aid in the days ahead. This is education for the millennials, who have been trained to expect Daddy Jerome Powell to show up every time they load-up.

There is no BACKUP COMING, no Navy Seals coming to the rescue.

This is it; between now and perhaps the end of the year, price discovery is going to be real. We’re going to see exactly what big money and algorithms think about valuations with nothing to prop up markets.

Panic? YES. Volatility? SURE. Buying opportunities? 100%. Craziness and illogical behavior? EVERYWHERE you look.

This will be one of the most important investment months of your career. By acting responsibly, professionally, and with poise and composure, not with an inability to see positions going up and down like yoyos, one will be able to exploit others’ mental incapability to handle bullets firing above their heads.

For the next few days, the FED is out of the business of putting a floor on stocks; perhaps even more than just a few days…

The major indices are now RED for the month of October.

Famed hedge fund manager David Einhorn, who got his ba**s handed to him for shorting TSLA, is convinced the markets peaked on September 2nd. He believes the bubble is over and cites IPO mania, elevated valuations for the Robinhood app darlings, market concentration (FAANG), options trading volumes being off the charts, and the parabolic charts of some stocks.

On top of that, Rasmussen polled Americans and has issued a VICTORY ALERT for President Trump – what a turnaround.

The same polling company actually found that tens of millions of Americans likely believe that a REAL McCoy Civil War is a possibility.

Courtesy: visualcapitalist.com

This chart has a lot to do with how America got here!

The ability to create currency and segregate it so it ends up in the hands of the rich and powerful to decide what to do with it has led to expensive asset prices, record buyback programs, no wage growth, and the worst income gap in history.

Think about the process of currency creation: how dollars are born and get pushed into the banking system where the institution cherishes safety and lends to the big and the wealthy, STARVING the real economy.

I personally bought shares yesterday, according to the watch lists we have previously published, taking nibbles at companies, not whole chunks.

NEVER buy a full allocation right off the bat; one can be fully correct on the potential of the company and COMPLETELY WRONG on the timing. Being flexible with your purchases (being patient about the process) is the tactic of successful investors.

Nothing is “now or never” – NOTHING. There’s always time to think things through.

The odds are fully in your favor; let the game come to you.

As I see it, if Joe Biden wins (despite this huge controversy with Hunter’s compromised dealings with China), between now and January 2021, it’s going to get sickening at times since the world will be paralyzed until Inauguration Day. If Trump wins, I still don’t expect SMOOTH SAILING because I think a contested result is coming either way, but Trump won’t lose a recount if he wins the initial vote.

THIS IS EXCITING.

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STOCKS DEMOLISHED: WHAT DID YOU EXPECT?

This article was contributed by The Wealth Research Group. 

Oh man, yesterday proved what happens when there’s uncertainty about a major event, coupled with the CERTAINTY that no Federal Reserve is coming to your aid in the days ahead. This is education for the millennials, who have been trained to expect Daddy Jerome Powell to show up every time they load-up.

There is no BACKUP COMING, no Navy Seals coming to the rescue.

This is it; between now and perhaps the end of the year, price discovery is going to be real. We’re going to see exactly what big money and algorithms think about valuations with nothing to prop up markets.

Panic? YES. Volatility? SURE. Buying opportunities? 100%. Craziness and illogical behavior? EVERYWHERE you look.

This will be one of the most important investment months of your career. By acting responsibly, professionally, and with poise and composure, not with an inability to see positions going up and down like yoyos, one will be able to exploit others’ mental incapability to handle bullets firing above their heads.

For the next few days, the FED is out of the business of putting a floor on stocks; perhaps even more than just a few days…

The major indices are now RED for the month of October.

Famed hedge fund manager David Einhorn, who got his ba**s handed to him for shorting TSLA, is convinced the markets peaked on September 2nd. He believes the bubble is over and cites IPO mania, elevated valuations for the Robinhood app darlings, market concentration (FAANG), options trading volumes being off the charts, and the parabolic charts of some stocks.

On top of that, Rasmussen polled Americans and has issued a VICTORY ALERT for President Trump – what a turnaround.

The same polling company actually found that tens of millions of Americans likely believe that a REAL McCoy Civil War is a possibility.

Courtesy: visualcapitalist.com

This chart has a lot to do with how America got here!

The ability to create currency and segregate it so it ends up in the hands of the rich and powerful to decide what to do with it has led to expensive asset prices, record buyback programs, no wage growth, and the worst income gap in history.

Think about the process of currency creation: how dollars are born and get pushed into the banking system where the institution cherishes safety and lends to the big and the wealthy, STARVING the real economy.

I personally bought shares yesterday, according to the watch lists we have previously published, taking nibbles at companies, not whole chunks.

NEVER buy a full allocation right off the bat; one can be fully correct on the potential of the company and COMPLETELY WRONG on the timing. Being flexible with your purchases (being patient about the process) is the tactic of successful investors.

Nothing is “now or never” – NOTHING. There’s always time to think things through.

The odds are fully in your favor; let the game come to you.

As I see it, if Joe Biden wins (despite this huge controversy with Hunter’s compromised dealings with China), between now and January 2021, it’s going to get sickening at times since the world will be paralyzed until Inauguration Day. If Trump wins, I still don’t expect SMOOTH SAILING because I think a contested result is coming either way, but Trump won’t lose a recount if he wins the initial vote.

THIS IS EXCITING.

The post STOCKS DEMOLISHED: WHAT DID YOU EXPECT? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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