With the price of gold surging above $1,550 and silver getting ready to assault $20, could we really see $1,000 silver? Also, history is being made, China’s banking system is leveraged nearly 50-1, plus look at what just hit the highest level in 40 years.
Greenspan & Gold
September 4 (King World News) – Peter Schiff: “Alan Greenspan said people are buying gold because they want to own something that will still have value 20 or 30 years in the future. This means Greenspan likely believes that long-terms Treasuries and U.S. dollars will not have much value 20 or 30 years from now. He’s right!”
History Is Being Made
Holger Zschaepitz: “History is made on the bond markets: The 2020s will begin with the lowest interest rates in 5000 years, BofAML says. (See below).
2020 Will Kickoff With The Lowest Interest Rates In 5,000 Years
China’s Banking System Leveraged Nearly 50-1
Lawrence McDonald, Former Head of Macro Strategy Societe Generale: “A five-year-old can tell you, China is financing US deficits, an absurd perspective. Their banking system is $40T is size, levered nearly 50-1, China desperately needs US pensions, ETFs, mutual funds to buy their stocks and bonds. *American households hold over $100T of wealth.”…
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Another Contrarian Indicator
Otavio Costa: “Another contrarian indicator at its highest level in 40 years! Consumer confidence-to-sentiment ratio at a cyclical high? Happened prior to every recession. Now spiking after sentiment had its worst monthly drop in 7 years. Stocks never looked so toppy. (See below).
Consumer Confidence Just Hit The Highest Level In 40 Years!
10 Years Later…
Sven Henrich: “10 years after the financial crisis there is zero evidence that markets can make or sustain new highs without artificial intervention or stimulus of some sort. A giant subsidy program that has not produced above trend growth, but record debt expansion & wealth inequality.”
A World Of Hurt
Liz Ann Sonders, Chief Investment Strategist, Charles Schwab & Co.: “Manufacturing exports’ world of hurt (see below).
A WORLD OF HURT: Manufacturing Collapse Continues
$1,000 Silver?
Graddhy out of Sweden: “Put some TA on this chart. One could also maybe see a non-perfect inverse head & shoulders. Value adjusted in 1998 dollars. Chart confirms that silver once traded upwards of 1,000 USD, which means it would not be unfamiliar for it to go there again, which I think it will. (See below).
600 YEARS OF SILVER: Is Silver Headed Back To $1,000 (Inflation-Adjusted)?
“Poison” For The Global Financial System
READ THIS NEXT! “Poison” For The Entire Global Financial System Is Spreading CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
$2,764 Gold, What A Summer For Silver, A Crazy World, Plus Chart Of The Day CLICK HERE TO READ
Silver Surges 5% And Gold Rallies Near $1,550 As Stocks Tumble But Here Are The Big Surprises CLICK HERE TO READ
We Are Now Reaching The Monetary Policy Endgame CLICK HERE TO READ
GOLD UPDATE: One Of The Greats Says Despite Volatility Gold Bull Is Headed To $1,800 CLICK HERE TO READ
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