I’m going to hop around a bit here today, so try and follow the plot I’m laying out. First off, if you follow markets, you know that this week the PPI and CPI both came in blazing hot.
We just passed Biden’s first 100 days. How are things going? Well his first move was to cancel the keystone pipeline and ruin the lives of thousands of people who made their living working it. Within weeks, energy costs spiked.
Once again, it’s time to keep our keen eyes on the target — gold’s and silver’s long-term price appreciation.
With inflation on the rise (you decide whether it’s temporary or ongoing), keeping real interest rates ultra-low, these metals are poised for a ride to the moon and beyond.
Less Americans getting infected, more Americans getting vaccinated, $6 trillion in government spending, with at least $4 trillion more on the table, and many trillions more from an anything-goes Fed.
What do they have in common? They’re all converging to create what giddy economists and others, like Axios’ Nicholas Johnston, say will be “a year of U.S. economic growth for the record books.”
With those kind of numbers (think 10 zeros!), it better be record-setting!
At its worst last spring, over 20 million Americans were laid off or furloughed — suddenly jobless and struggling to make ends meet month after month after month.
Yet, as New York Times writer David Gelles revealed over the weekend, the executives in charge of many of the companies those millions of unemployed once worked for “were showered with riches.”
Mid-week I wrote an article about Frankspeech dot com, the site that Mike Lindell has created. At that site, Lindell goes over the “proofs” he has that the 2020 election was stolen. And, as we figured, it was going to be attacked and attacked it was/is. They’ve tried to knock it down via “denial of service” attacks, virus attacks, you name it. But somewhere north of 200+ million people have already logged onto it for some amount of time.
You all know the Mike Lindell guy from “My Pillow” and you know he’s absolutely convinced that the election was stolen. He claims to have all the evidence and has now produced 3 different films, presenting his case.
Back in 2001 China was allowed into the world trade organization. As far as I was concerned, this was inevitable. China had become the manufacturing arm of the world. They were growing in leaps and bounds, and we were sending trillions of dollars into their economy.
On Monday, we learn that consumer sentiment is the highest since the end of the Great Recession.
On Tuesday, we’re told that Americans’ fear of hunger, eviction and foreclosure are at record highs.
On Wednesday, a new analysis tells us that GDP is expected to grow by 6% in the 1st quarter of 2021.
On Thursday, an article shows that over 10 million people are still unemployed, with tens of thousands of restaurants and bars permanently closed.
And on Friday, one strategist suggests that the stock market will grow by another 30% this year.
Another one says that because stock prices are so overpriced relative to earnings the market is due for a major correction.
Quite a week, eh?
And there it is. Joe Biden, who probably doesn’t know what he’s saying any more, is coming after guns in a big way. Second Amendment? Not absolute in Joey’s eyes. It shouldn’t surprise anyone, the left has been on that little treasure hunt for years.
There are some things swirling around in my head, that I’d like to talk about, but I’m simply not prepared for it yet. Why? Because if my theory is right, and unfortunately it could be, we are witnessing the biggest Satanic, evil movement, in the history of mankind.
Gold vs. Bitcoin. Who’s going to win? Right now, gold is taking an absolute pounding, and Bitcoin continues to hold ground or gain. Who’s the ultimate winner here?
The question is, do they work. And the answer is, yes and no. A chart will NOT tell you what is going to happen tomorrow. No matter how highly regarded some technical analyst might be, a chart tells you just one thing perfectly, it tells you what Happened. Not what’s going to happen.
I’m sure a bunch of you are moaning and groaning and saying colorful words about me. It’s okay, I’ve heard them all. But the fact still remains, charts show you where a stock has been, but it does not tell you where it’s going.
Check this: Boulder County District Judge Andrew Hartman blocked Boulder from enforcing bans on assault-style weapons and large-capacity magazines on March 12. Less than two weeks back, they stopped bans on things like AR-15s and whammo, a lunatic shooter shows up and kills 10 people. Out of the clear blue, because you know, if it was still banned, he wouldn’t have killed those folks, right? Give me a break.
Last March, in 2020 “they” decided that in a year, they would end the “SLR” program. What’s that you ask? Policy manipulation that gave banks more latitude on what they could hold, reserve requirements, etc.