As we kickoff another day of trading in what has been a wild week, here is a look at booze binge, record run in gold, shades of 2009, lowest level ever, plus another record.
KWN has now released a powerful audio interview with billionaire Ross Beaty, Chairman of Pan American Silver, about the crisis the world is facing today and what to expect from major markets, including gold and silver.
Lowest Level Ever
September 11 (King World News) – Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: 30y mortgage rates have hit new low, adding more fuel to housing sector’s strength; average for 30y fixed loan has fallen to 2.86% vs. 2.93% last week—new low in almost 50 years worth of data from Freddie Mac (see below).
Record Low (2.86%) 30 Year Mortgage Rate
Another Record
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: Apartment rental listings in Manhattan spiked to record 15,025 by end of August, more than double last year’s inventory; vacancy rate has reached new high of 5.1% (see chart below).
Record Number Of Manhattan Apartments For Rent
Massive Selling
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: Equity investors in long-term mutual and exchange-traded funds withdrew money for 12th consecutive week—topping period in 2016 for longest streak of outflows since 2013 … ICI flows show investors took out $18 billion in week ending 9/2 (see below).
WHO IS BUYING?
12 Weeks Of Investors Dumping Stock Funds
Gold Demand
John Hardy, Head of FX Strategy at Saxo Bank: “Overall, the market remains rangebound while a record run in gold being accumulated via ETF’s highlights the strong underlying demand that is likely to continue as long the weak dollar/rising inflation/stimulus themes continue to be the focus.”
Sign Of The Times
The Daily Shot: US wholesalers are running low on booze after the lockdown demand depleted inventories. Here is the inventories-to-sales ratio. (See chart below).
BOOZE BINGE: Inventories Of Alcohol Run Low As
Public Goes On A Booze Binge!
Shades Of 2009
Adam Tooze, Director of the European Institute: Copper: In 2009 China’s demand surged. In 2020 it has surged again. (See chart below).
China Copper Demand Spikes In 2020!
MUST LISTEN: Billionaire Ross Beaty
To listen to the incredibly powerful audio interview with billionaire Ross Beaty discussing skyrocketing gold and silver and why this gold bull market will be the biggest he has ever seen in his lifetime, plus Beaty also recommends one stock that investors should consider buying now click here or on the image below.
Gold & Silver Will Be Unstoppable
***ALSO JUST RELEASED: Alasdair Macleod – As Policies Around The World Fail, Gold & Silver Will Be Unstoppable CLICK HERE.
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