As we near the end of a trading week that included a lot of nothing from the Fed, except jawboning, here is a look at gold and financial sadomasochism, silver and Chinese buying gold.

Gold And Financial Sadomasochism
September 24 (King World News) – Peter Boockvar:  I want to use this moment to reiterate my bullishness on gold and silver which has turned out to be financial sadomasochism being bullish and long because of the frustration with their performance this year in light of widespread inflation (although they did well last year). Gold and silver are being sold because many think the Fed’s tapering and maybe rate hikes at some point will be bearish but because it is most likely that this will still lag inflation, I remain positive. Here are 3 charts where gold rose in the 1970’s, mid 2000’s and after December 2015, each moments in time when the Fed was raising rates.

1970s: Shows Gold Surging (WHITE LINE) Along
With Interest Rates Until 1980 When Volcker
Raised Interest Rates To 20% (ORANGE LINE)

Mid 2000’s: Shows Gold Surging (WHITE LINE) Along
With Interest Rates (ORANGE LINE)

2019-Today: Shows Gold Surging (WHITE LINE),
Before Pulling Back, Even Though Interest
Rates (ORANGE LINE) Have Cratered

Chinese Buying Gold As Real Estate And Stocks Sink
Fred Hickey:  “People like to invest some gold as a safe-haven in China.” Especially given cryptos are now illegal (severe punishments announced soon, I’m told), their very heavy real estate investments are sinking and stock market is going nowhere (likely lower in recession).”…

ALERT:
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.

Silver
Graddhy out of Sweden:  This long standing chart broke out above blue line with silver’s huge move back in July 2020 (which I charted in detail here). Yet another of my big picture charts showing that a glorious commodities bull market has started.

Silver Has Already Broken Out vs S&P 500
Silver Now Set To Dramatically Outperform

***ALSO JUST RELEASED: Keeping The Ponzi scheme Going At All Costs, A Blast From The Past, Gold, And Another Inflation Catalyst CLICK HERE
***ALSO JUST RELEASED: Celente Issues New Trend Forecast, Plus A Look At Gold, Silver & US Dollar CLICK HERE.

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