Saturday, April 27, 2019

Trying Day, Trying Week Make It A Great Time To Buy Gold

“While I’m on the jobs report, the one data point that I did see is that the participation rate went down by .2%. 

Well, I can tell you, .2% of the total workforce available for work, which is about 200 million is like 400,000 people [that] all of a sudden weren’t participating, even though theoretically, 196 [thousand] joined… 

But as you know, I’m not a believer in this data. I think it’s, for the most part, fabricated.”

- Source, Sprott Money

Tuesday, April 23, 2019

Quarter End Reasons To Own Gold Look Great

“I think the most important feature of yesterday’s events was that we have quarter end today for the financial institutions. Let’s just focus for a second on palladium. 

There were about 2.5 million ounces of palladium that they were short; they had lost a lot money on that. 

All of a sudden, palladium is down 200 bucks, somebody is better off by 500 million? 500 million? For quarter end? Oh, how wonderful! Gee, we made it to the end of the quarter and didn’t lose that 500 million… I think quarter end had a lot to do with this.”

Wednesday, April 17, 2019

Don't Let the State Take Your Assets

Even if you've largely opted out of the financial system to reduce systemic risk to your nest-egg, what must you do to prevent your hard-earned hard assets from being taken by the state anyway? 

Rick Rule of Sprott visits Reluctant Preppers this first time to explain why physical precious metals are different, and what additional principles you should incorporate in your plans - and even your location - to protect what you've saved!

Friday, April 12, 2019

Three Steps Forward, Two Steps Back

“The thing I found most interesting is how all of a sudden, on the financial networks, the narrative has changed. And the narrative, in the words of the data folks, always follows performance. And the narrative now is: ‘Oh! Yields are going up. Stocks are going up. We must have some kind of economic recovery going on!’ … And all of a sudden the need to have gold is diminished. I would suggest that the reason we’ve had this turn… is because the People’s Bank of China instructed their banks to lend 30% more to small businesses this month.”

- Source, Silver Doctors

Sunday, April 7, 2019

Synchronized Global Decline, Bad for World, Good for Gold

“It’s worth thinking about this funny situation we have in the world, where everyone’s solution to economic weakness is printing money. The Chinese did it in January. The ECB did it. 

Obviously, the Fed has changed their strategy here. And it’s something that will have unintended consequences. You just can’t print money to solve problems… Who’s going to pay the debt?”

- Source, Silver Doctors

Wednesday, April 3, 2019

Eric Sprott: Lots of Lousy Economic Data

“Lots of lousy economic data. But it’s just the COMEX, man… Luckily, today we’re back up a little. Maybe we’ll get some sanity back in the market. 

But it’s frustrating to have to sit by and watch it. And as I thought about what happens, here we have gold going down 1%. 

The stocks went down 3%! The stocks whose options are expiring today went down 3%. 

When you have an option, it’s that fine line between making money and not making money. 

That last 3% can wreak a little bit of havoc. It’s sickening that it happens. 

It’s just the commercial banks ripping off their customers again… for the sake of today’s profits.”

- Source, Eric Sprott via Silver Doctors