What a wild ride, another day, another record, silver, more inflation, yet another gold catalyst.

What A Roller Coaster
August 12 (King World News) – 
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: 
Lumber resuming its fall, nearly matching its recent peak-to-trough decline of -71% (see chart below).

LUMBER: What A Wild Ride!

Credit Card Spending
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab:  
Credit-card spending (particularly for air travel) starting to ease as cases continue to climb (see chart below).

Credit Card Spending During COVID:
Airline Spending Dips

More Transitory Inflation
Rudy Havenstein, Former Reichsbank President 1908-1923 🙂
Hey, lumber is down year over year! Looks like the Fed was right and all the inflation really was transitory!

Inflation Is Transitory 🙂

More Inflation
Holger Zschaepitz: 
Annual jump in US Producer Prices is biggest on record. The producer price index for final demand increased 7.8% YoY and 1% from the prior month, Labor Department data showed Thursday. (See chart below).

US Producer Prices Biggest On Record!

Another Day, Another Record
Jeroen Blokland:
  Wow, chart! The amount of cash parked at the Fed’s reverse repo facility just hit a new record! USD 1.087 trillion! (See chart below).

Fed’s Overnight Reverse Repo Facility
Hits Staggering $1.0087 Trillion!

With surface samples as high as a staggering 300,000
grams of silver, this company is looking to make
one of the largest silver discoveries in history!

DowGoldEquals1:  Simple, right?

Silver Set To Soar Back To All-Time Highs

Yet Another Gold Catalyst
King World News note:  If you need another gold bull catalyst, here is a look at the US deficits for the first 10 months of fiscal years 2020 and 2021:

***ALSO JUST RELEASED: Look At What India’s Central Bank Just Said About Gold, Plus This Is Why A Massive 5-10X Gold Revaluation Is Coming CLICK HERE.
***ALSO JUST RELEASED: Here Is A Look At Gold, Silver And More Real World Inflation CLICK HERE.

One Of The Most Important Interviews Of 2021
To listen to one of the most important interviews of 2021 with Michael Oliver discussing gold, silver, and mining stocks CICK HERE OR ON THE IMAGE BELOW.

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