Stocks are perched very precariously right now with no fundamental means of support from the economy and not a lot of immediate chart-dynamic support either.
All too often the blame on coins, especially pennies and nickels, is misplaced. This certainly is not the first dispute over payment with coins, and it probably won’t be the last.
The next 2-3 weeks will likely tell us if the market is going to set up a crash, or if we are going to still rally to the 4800SPX region before a major bear market takes hold.
With the move out of USD and the destruction of fiat currencies globally, central banks are holding reserves in gold. Over time, expect a massive re-evaluation of gold.
We are clearly already in a recession. The Fed's gauge is based on propaganda, which only idiots can't see, designed to make the economy look like it's not in shambles.
Miners not only need to find more gold, they need to mine it for less. In this environment, it makes sense for smaller gold companies to join forces, creating efficiencies and synergies.
Identifying problems is great. Identifying solutions is even better, especially when the politicians who are supposed to be solving our big problems don’t even try.
Reckless fiscal policy enabled by monetary policy is amplifying risks to the U.S. dollar’s global standing, its foreign exchange rate, and ultimately its purchasing power.
