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Fund manager David Kranzler says Trump’s hawkish cabinet appointments come at a concerning time.
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Fund manager David Kranzler says Trump’s hawkish cabinet appointments come at a concerning time.
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The S&P 500 closed below its 200-day moving average. This hasn’t happened since June 2016. Tomorrow we could see an avalanche of selling, economist Jerry Robinson tells Silver Doctors.
Looking at the monthly chart, the S&P 500 uptrend is still in tacked, but it is weakening. A tremendous amount of money has been flowing out of the market, indicating a trend shift may be approaching. Until a clear trend emerges, Robinson is staying on the sidelines.
How will the oil futures contract priced in Yuan impact the petrodollar? The petrodollar system creates a perpetual demand for U.S. dollar, but this new contract will erode this demand, Robinson says. At that point, the Fed will no longer be able to print money to solve problems without causing inflation.
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Forensic macroeconomic analyst Rob Kirby says “All the money needed for hyperinflation has already been printed.” Kirby contends, “It’s kind of like having a nuclear war, and people say where are the bombs going to come from? The bombs are going to come out of their silos. What people can’t believe or can’t wrap their head around is the notion and the fact that there’s $21 trillion or more that’s been ‘siloed.’ The money has been created and siloed. We know it’s been created because we know it flew through the books of the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD). That’s just two government agencies. . . . We’re talking about tens of trillions of dollars. We don’t know exactly where they are or who controls them. . . . This is why you want to own some tangible stuff. This is why you want to own physical bullion, such as coins and bars, and you want to have them in your control.”
Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.
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Greg Hunter of USAWatchdog.com gives his analysis of the week’s top stories in the Weekly News Wrap-Up.
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Steve St. Angelo tells Silver Doctors that silver has the best set up he’s seen in years.
Net commercial silver short positions are extremely low.
St. Angelo sees a stock market crash ahead. The Dow could fall 50 percent or more in the next year.
If only one percent of the market goes into gold and silver, they could jump five-fold.
Real estate is also overvalued, he says. U.S. shale oil production will collapse. This will bring down the economy, and real estate prices. Median home prices are above their 2007 peak. Over the next ten years, he predicts a 90 percent reduction in home prices.
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Gold expert Andrew Maguire says, “We are very close to a price reset (in gold and silver). What is a price reset? It is no more than settling . . . close to a trillion dollars of derivatives that are underwater and unable to be delivered. It is going to be a simple paper market reset. I suggest it will likely happen on a Friday . . . and there will be a known default and a price adjustment for Monday morning. . . . You will be into a bid only market. There would not be any offers to sell gold. . . . I am not going to guess on a price. . . .I know of two investor groups that are buying physical gold because they know there is going to be a physical price reset.”
In closing, Maguire says, “The jig’s up for the American dollar. Obviously, it’s not going to be overnight, but it is happening. Gold has to appreciate in this environment. We all know that the paper markets (for gold) have leverage of 500 to 1. We actually think it is much closer to 1,000 to 1 when you account for all the derivatives.”
Join Greg Hunter of USAWatchdog.com as he interviews gold expert Andrew Maguire with Kinesis CEO Tom Coughlin.
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