As we move through another wild week of trading, Albert Edwards discusses MMT fully loaded, plus a look at what just happened for the first time ever, something that is hard to believe, a remarkable chart, silver, and what’s on fire in the gold market.

MMT Fully Loaded
August 28 (King World News) – Albert Edwards, Former Global Strategist at Societe Generale: “The MMT bandwaggon (or is it a charabanc) is gaining momentum By the time we arrive at the next recession it will be fully loaded and set to take off like Chitty Chitty Bang Bang.”

Worst Gold Sale Ever
Peter Schiff:  “Between 1999 & 2002 Great Britain raised £2.2 billion by selling 401 tonnes of gold (out of 715 tonnes held) at an average price of about £170 per ounce. Today’s gold price is a record £1,267 per ounce, a 645% rise. The gold Great Britain sold is now worth over £16.4 billion!”

Hard To Believe
Charlie Bilello:  “10-Year Government Bond Yields…
Switzerland: -0.99%
Germany: -0.70%
Denmark: -0.66%
Netherlands: -0.56%
Austria: -0.44%
Finland: -0.43%
France: -0.41%
Slovakia: -0.38%
Belgium: -0.36%
Sweden: -0.33%
Japan: -0.27%
Slovenia: -0.22%
Ireland: -0.07%
USA: 1.49%

Fascinating Chart
Adam Tooze, Director of the European Institute:  “How many Americans of what age have experienced how many recessions? Those in their 80s have clocked up 8-9 recessions. (See below).

People In Their 80s Have Already Lived Through 8 Or 9 Recessions

Gold/Silver Ratio
Ole Hansen, Head of Commodity Strategy at SaxoBank:  “An elevated long in gold has switched the attention with the Gold/Silver ratio dropping to 84.25, potentially on route to 82.25 support. (See below).

Gold/Silver Ratio Continues To Plunge

Gold ETFs On Fire
Holger Zschaepitz:  “Gold ETFs on fire. ETF Holdings of Gold at the highest level since 2012. (See below).

ETF Gold Holdings At Highest Level Since 2012

One Final Thought
Frederik Ducrozet, Global Macro Strategist:  “A historic milestone. The yield on 10Y Italian BTP has dropped below 1% for the first time ever.

FIRST TIME EVER: 10-Year Italian Yield Drops Below 1%

1st Time Since 2009, Stunning Chart, Plus Gold & Silver
READ THIS NEXT! First Time Since 2009, A Stunning Chart, Plus Gold & Silver’s Powerful Advance CLICK HERE TO READ

To listen to one of James Turk’s best audio interviews ever that has just been released CLICK HERE OR ON THE IMAGE BELOW.

More articles to follow…

In the meantime, other important releases…

$1,935 GOLD: Significant Bullish Break To Trigger A 25% Rally For Gold vs S&P CLICK HERE TO READ

Gold Breaks Out Once Again, First Time Ever, Gold Very Attractive, Plus Silver May Hit $21 Quickly CLICK HERE TO READ

Schiff – Brace Yourself For Ride Back Up To $50 Silver, Plus Other Looks At Gold & Silver Surge CLICK HERE TO READ

ALARMING: This Spells Big Trouble For A World Already In Crisis, Plus Gold’s Next Target And Hi-Ho Silver CLICK HERE TO READ

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