Jim Mathias wrote: ↑Fri Mar 27, 2020 11:58 pm
The panic regarding US paper assets is in full swing.
AG Thorson is a registered CMT and expert in technical analysis. He
believes we are in the final stages of a global debt super-cycle. He
has posted on March 23, 2020 the following:
The paradigm shift I spoke about last year is unfolding before our eyes.
Precious metals are likely to emerge from the global COVID-19 crisis as
the premier asset for investors. Every decade has a distinct investment
theme. One asset class rises to the top and outperforms everything else.
After an 11-year bull market in stocks, the next asset shift has likely
begun. Loose monetary policy and negative-bound interest rates suggest
2020 - 2030 will be a decade that heavily favors tangible, hard assets
like gold and precious metals.
The crashing stock market and global pandemic triggered sudden and likely
irreversible demand for precious metals. Last year, I mentioned how record
low gold eagle coin production probably signaled a turning point in demand.
That appears accurate, as bullion products fly off the shelves. In the US,
the primary coin dealers sold out of American Eagle coins (gold, silver,
platinum) last week. Premiums have skyrocketed. There’s no putting the
genie back in the bottle - an unprecedented shift to precious metals has
started, led by the frustrated and terrified (Judaized) public.
Note: Demand for silver and platinum is spiking as prices reach fresh lows.
The current deflationary forces could keep costs suppressed temporarily,
but their trends should turn higher and follow gold as investor demand grows.
If gold comes back to test the $1350 - $1400 breakout area, that could be
the last great buying opportunity of this decade. By the end of this decade,
we expect gold to reach $7,500 - $10,000. A $7,500 - $10,000 price target
for gold sounds absurd, I know. Before you dismiss it, let’s think about
the potential triggers that could yield such lofty prices.
Loss in Confidence - A total collapse in confidence in governments and their
ability to manage. Very possible.
Widespread Money Printing - Governments may resort to debt monetization and
currency depreciation to inflate away record debt levels. Already occurring.
Speculation- A surging uptrend and new all-time highs in precious metals
leads to the fear of missing out and sparks a speculative bubble. Likely,
but probably years down the road.
Wade tosses in the following:
A biological contagion is sweeping the world. But a financial contagion is
sweeping through the big banks and insurance companies that has the Fed
panicking. It all comes down to (the "D" word) derivatives. All the major
banks and the big insurance companies are interconnected through derivatives.
And weakness in one bank could spill over into the others. Right now we’re
seeing that.
Jews have their plates full of worries since the last thing the Goys have
on their minds is the 'holocaust!' How are they going to watch The History
Channel with no beer in the fridge and no electrical power for the Jew-Tube?
This is really getting serious, folks!
Today the big banks are bigger than ever and the amount of debt in the system
is larger than ever. There’s been no substantial reform since the financial
crisis, just some cosmetic moves that have been passed off as major reform.
So today we face a dangerous financial conflagration. The risks posed by the
largest institutions still exist, only now they’re even bigger than they
were in 2007–08 because the derivatives market is so much larger.
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