Gold’s Cruel Performance: Should You Be Worried?

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It’s an alarming and uncomfortable feeling for many gold investors.

As stocks continue to soar, gold notched its worst month in 4 years falling 6% in February.

While a 6% down month may not feel great to your portfolio, it’s nowhere even close to some of the worst months gold has faced.

You’ll see in the table below that February’s 6% drop ranks 39th in gold’s all time worst months performance.

Gold, Buy the Dip?

History doesn’t always repeat itself, but the numbers speak for themselves…

Major declines commonly lead to higher prices 12 months out.

  • You can see that out of the top 20 declines, 70% of the time, a year later, prices are higher.

You can also see that there is no need to rush out and load up the first day after a big decline.

This indicator says the Nasdaq is split

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From Jay...

Let's try to spell this out as succinctly as possible. In general terms:

A lot of stocks making new highs and few making new lows = Bullish

A lot of stocks making new lows and few making new highs = Bullish

A lot of stocks making new highs and a lot of stocks making new lows = Bearish

A lot of stocks making new highs and few making new lows typically occurs during the heart of a bull market. Essentially, it is almost the definition of a bull market. A lot of stocks making new lows and few making new highs typically occurs near the end of a bear market, when "all appears lost."

On the other hand - a situation where a lot of stocks are making new highs at the same time a lot of other stocks are making new lows is commonly referred to as "churning." While the indexes may continue to move sideways to slightly higher, under the hood things are deteriorating.

The Global Financial End-Game

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By Charles Hugh Smith

The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral.

For those seeking a summary, here is the global financial endgame in fourteen points:

1. In the initial “boost phase” of credit expansion, credit-based capital ( i.e. debt-money) pours into expanding production and increasing productivity: new production facilities are built, new machine and software tools are purchased, etc. These investments greatly boost production of goods and services and are thus initially highly profitable.

Dow rallies 570 points in big turnaround, Nasdaq ends wild day 1.6% higher

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By Yun Li

U.S. stocks roared back from a sharp sell-off on Friday as a rally in bond yields eased, while a stronger-than-expected jobs report boosted optimism for a faster economic recovery.

The Dow Jones Industrial Average climbed 572.16 points, or 1.9%, to 31,496.30 after losing as much as 150 points. The S&P 500 ended the wild session 2% higher at 3,841.94 after shedding 1% earlier. The Nasdaq Composite advanced 1.6% to 12,920.15 as Apple climbed 1% and Microsoft gained 2%. At its low of the day, the tech-heavy benchmark dropped 2.6%.

The major averages bounced off their lows as bond yields retreated from their session highs. The 10-year Treasury yield eased back to 1.55% after popping above 1.6% to touch a 2021 high following data showing a surge in jobs growth.

28 Trillion Reasons to Have a Plan B

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By Simon Black

At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history.

To the penny, in fact, the national debt hit $28,004,376,276,999.35.

And bear in mind that figure doesn’t include the $1.9 trillion in ‘Covid stimulus’ that Uncle Sam is about to pass, let alone all the other deficit spending that they were already expecting for this current fiscal year.

So you can already see how the debt will quickly rocket past $30 trillion in no time at all.

It’s noteworthy that it took the United States more than two centuries to accumulate its first trillion dollars in debt– a milestone first reached on October 22, 1981.

Bullion Banks Sell Even More Silver: Do They Have It?

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By Clint Siegner

Anyone with a naked short in the silver futures market risks getting squeezed by physical buying. Demand for delivery of COMEX silver bars is rising, even as the paper price of the metal fell more than 4.5% last week.

Silver shorts sold contracts representing a whole lot more silver than they have available to deliver again last week.

The disconnect between paper prices and physical demand is getting more ridiculous by the day.

It is also getting more dangerous for COMEX market participants – long and short. The COMEX functions on confidence, which can vanish suddenly.

It will happen when long contract holders discover, en masse, the paper they bought cannot be redeemed for the actual metal as expected. Instead, they get cash settled or, in the event of an outright default, they get nothing at all

Rule of Law Collapsed in USA – Martin Armstrong

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By Greg Hunter

Legendary financial and geopolitical cycle analyst Martin Armstrong says now that the stolen election is over, get ready for lawlessness to reign. We start with the Supreme Court that refused to hear the Trump case on Pennsylvania voting fraud.

There are three more 2020 Election voter fraud cases pending at the nation’s highest court. Armstrong says, “I don’t think they are going to take any of them. Look, the rule of law has absolutely collapsed in the United States. It’s just a joke at this point. . . . You swear an oath to uphold the Constitution. It’s not whenever you feel like it. . . . This is not only a denial of due process but the civil rights of everybody in the country.

They effectively said Pennsylvania changed the rules against the (state) legislature in the middle of an election, and we are not going to hear the case.