From top Citi analyst Tom Fitzpatrick:
Spot the GLARING difference: August 1999- August 2017
- Trump could be planning a radical “reboot” of the U.S. dollar
- Currency reboot will see leading nations devalue their currencies against gold
- New gold price would be nearly 8 times higher at $10,000/oz
- Price based on mass exit of foreign governments and investors from the US Dollar
- US total debt now over $80 Trillion - $20T national debt and $60T consumer debt
- Monetary reboot or currency devaluation seen frequently - even modern history
- Buy gold eagles, silver eagles including monster boxes and gold bars
- Have a 10% allocation to gold, smaller allocation to silver
A new monetary standard which will see the dollar "reboot" and gold be revalued to $10,000/oz according to best-selling author and Pentagon insider Jim Rickards.
A monetary 'reboot' is not unprecedented
Articles about an imminent return to the gold standard are not exactly infrequent in the gold world and it can be easy to become immune to them and dismiss them without considering the facts and case being made.
Many of the articles are not just based one ever-wishful daydreams. Much of it comes from information that is true about today and is then applied to situations that we have seen in the past.
Rickards makes this point himself. A monetary reset is not unheard of. Since the Genoa Accord in 1922 there have been a further eight reboots. The most recent was in 2016 in what Rickards refers to as the Shanghai Accord which purportedly saw deals done that would allow China to ease without leading to a sharp correction in the US stock market.
Note that the ratio, or price of silver, in terms of US dollars in existence, is indeed at its all-time 100-year low.
In 1980, the all-time high was 0.361, whereas the ratio is currently at around 0.004. The US monetary base is currently around 3 946 billion dollars (or 3.946 trillion). Therefore, if silver was today at its 1980 value, relative to the monetary base, it would be around $1 424 (3946*0.361).
So, in terms of US dollars in existence, silver is trading at 1.19% (17/1424) of its 1980 high – it is the bargain of the century.
Craig Hemke skriver att tre centralbanker har total kontroll över marknaderna genom att styra priset för Yen/USD och VIX. Det finns inga fria marknader
LOOK, YOU SIMPLY MUST UNDERSTAND THIS:
What you see is an illusion and a mirage. Since the financial crisis of 2008 and particularly since 2012, the global central banks have moved to assume nearly full control of the global markets. They do this through influencing the key inputs which drive the HFT machines that control nearly every "market". So going forward, when you're perplexed as to how the stock market could be up on a day when the news is all so bad, just simply check the all-important USDJPY and VIX and you'll have your answer. And yes, we have now reached the point where the stock market won't decline even in the face of a nuclear event or natural disaster. So long as the USDJPY and VIX are unchanged, the S&P will be unchanged too, regardless of a nuclear bomb in Times Square, an earthquake in Tokyo, a massive bank failure in Europe or any other type of "disaster".
Lastly, what does this have to do with Comex Digital Gold? Well, as we first discovered and reported back in 2014, The Bullion Banks have their own algorithms which have tied the price of "gold" to the USDJPY , as well. Simply put, if you want the gold price to go higher, you need the USDJPY to fall. Period and end of story. All other technical and fundamental factors are largely meaningless. See the charts below where the inverse USDJPY is plotted in candles and Comex Digital Gold is a blue line.
One day (Today, Tuesday 8/29):
HFT now controls everything and the global central banks (but primarily the G-3) seek to control the HFT. Once you admit and understand this, the daily action of the "markets" will not longer confound you.
FED höjer räntan när konjunkturen vänder söder ut vilket inte kommer att sluta muntert utan FED kommer att få ändra sin räntebana
A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows - the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day).
As a rule, periods of lower risk/volatility tend to lead to periods of greater risk/volatility. That is reflected in our aggregate market volatility gauge (see below), and markets are pricing in volatility to remain low next year too.
As a related rule, people adapt to the circumstances they have experienced and are then surprised when the future is different than the past.
QQQ is a few bps from a new closing high with less than half of its components trading above their 50-dmas:
Add up all the gold exchange-traded products (ETPs) around the world and you’ll find that the first half of the year has been a knockout. Global ETPs (which includes ETFs like GLD) saw inflows of $245 billion in the first six months of 2017, a new and lofty record.
This is a LOT more than the first half of last year. Or most years. Look how it compares to the average level of demand over the past decade.
Silver prices have increased for 90 years and will continue to increase.
Value of global bonds has increased 12-fold since the 1990s to a record of $49tn, equals to 65% of world GDP
They measured gold and silver’s price performance after the ratio hit 80 and reversed.
HY index i Europa avkastar lika mycket som 10 årig US Treasury. Finns det någon marknad som handlas fritt utan inblandning av CB
Varför går bankindex i USA norrut när yield kurvan planar ut. Finns inga marknader bara massa gratis pengar som blåser bubblor.
Last week, the median price/revenue ratio of S&P 500 component stocks reached the highest level in history, advancing far beyond the levels reached at both the 2000 and 2007 market peaks.
Ett monetärt system som bygger på kreditexpansion och lägre räntor. Vad händer nu med rekordnivåer på utlåningen och obefintliga räntor?
När en valuta tappar sitt förtroende kommer inflationen snabbt vilket Venezuelas befolkning lider av
Super Mario är inte helt nöjd med utvecklingen för Euron vilket innebär att Ingves är minst lika missnöjd
In this episode of the Keiser Report from Freedom Fest in Las Vegas Max and Stacy talk about Wall Street’s ‘dean of valuation’ declaring that bitcoin is replacing gold as the ‘go to’ trade in a time when investors don’t trust governments. In the second half Max interviews legendary investor, Jim Rogers, about China and Germany stepping up to lead the world as the U.S. retreats. They also discuss China’s One Belt, One Road policy and bitcoin as disruptors to U.S. hegemonic power.