Economic commentaries, articles and news reflecting my personal views, present trends and trade opportunities. By F. F. F. Russo (PLEASE NO MISUNDERSTANDING: IT'S FREE).
When markets come down and people rush into gold & silver, prices will surge as people realize there's not as much physical as people thought there was…
In his interview from Sunday, Bill and Dave take a deep dive into the financial markets.
At a time when the world is more indebted than ever, the markets are finally starting to panic.
Bill notes that interestingly, there has been no real flight into the dollar during this panic.
When the markets really start to fall, however, Bill says there will be a panic rush into gold & silver and this will cause
the prices to rise substantially because of all the suppression that has been keeping prices down for all this time.
Insiders have been busy leading up to February. In fact, Goldman Sachs reports that, during the recent stock rout, they had their busiest week ever as buybacks surged 4.5 times last years average corporate buying.
Snap has made Even Spiegel a very wealthy man and apparently, a very lucky one too. On February 3rd some huge buyer made Snap stock gap up from $13ish to $21ish. Perhaps they know something we don't. Oh Snap!
It's All About Confidence.
And for the Fed's next magic trick…Interbank Lending is discontinued. Banks lending to each other provided liquidity during past crisis. But that support dried up during the 2008 crisis leaving central banks, as the lender of last resort.
And while we're told everything is fine, this graph shows the loss of confidence banks have in each other's solvency (ability to repay a loan).
Real Money Gold.
Central banks have been calling for a financial system reset since, at least, 2013. They know the old system has been on life support since 2008. They've been using this time to accumulate gold. Wouldn't it make sense to follow their lead?