Via SchiffGold.com,
The gold market took a one-two punch on Tuesday as Trump made some
concessions in the trade war and inflation numbers came in a bit higher
than expected. Peter Schiff talked about it in his latest podcast,
saying gold traders still don’t understand the gold rally.
Stock markets surged as gold and silver dropped after US trade
representatives said they would delay some of the additional tariffs
recently announced by President Trump. The Dow closed 372 points higher
(before collapsing back 800 points lower yesterday). Meanwhile, the
price of gold dropped below $1,500 briefly before rallying back above
that key number.
Gold actually began selling off before the trade war news when the
Consumer Price Index number came in hotter than expected. Peter said he
knew that would happen.
That is the way the lemmings trade, because
according to the conventional wisdom, if inflation is higher, then the
Fed will be less likely to cut rates. After all, they’re cutting rates
because inflation is too low and if inflation comes in hotter, well,
then there’s less of a reason for the Fed to cut rates. So
paradoxically, higher inflation is seen as being bad for gold. And the
reason I’m saying paradoxically is because gold is an inflation hedge.
Normally, the more inflation the more you want to buy gold.”
There is no way the Fed is going to fight inflation. I don’t care how high it is … One of these days the traders have to realize that these numbers don’t matter. I mean, maybe they matter to the public who has to live with a rising cost of living. But they don’t matter to the Fed. The
Fed is going to take rates back to zero no matter what these numbers
are, because the economy is going into recession even as inflation
rises.”
As far as the trade war announcement goes, Peter said it just shows
that Trump was bluffing when he announced more tariffs. He said he
thinks it makes the president look very weak.
This trade war is lost. The only question is when do we surrender and how do we admit defeat. Again, I don’t think we’re going to get any kind of deal.”
Meanwhile, the mainstream is starting to talk about a looming
recession. They are also calling for the Fed to cut rates and go back to
QE. Peter said they still don’t get it. They don’t understand that this
time around is not going to be like QE1, QE2, and QE3 where everybody
made money.
I understood from the beginning that the Fed’s plan could not
succeed, that they could never normalize rates, that they would have to
go back to zero, that they could never shrink their balance sheet, that
they would have to call it off and do more QE, because I understood the problem back then, and I still understand the problem now, and I understand the consequences.”
Peter noted that New Zealand’s central bank recently cut its interest
rate by 50 basis points, basically in an effort to preemptively keep
inflation from dropping below its target level. He pointed out that
nobody wants a strong currency.
Everybody is weakening their currency to create more
inflation. Well, what’s going to happen? The world is going to drown in
an ocean of inflation and gold is going ballistic.”
The people who are selling gold don’t get it. Gold is not
going up because of the tariffs. Gold is going up because of what the
reserve bank in New Zealand did and because that’s what all the central
banks are doing …
Every central bank has bought into this nonsense that we must have
inflation and that interest rates need to be negative. Inflation needs
to be high enough to have real negative rates all over the globe. That’s
where we are heading. So, if that is the case, people have no place to hide except gold and that is why they’re buying.”
Peter said ultimately we are going to have a global currency crisis –
a US dollar crisis – because it is at the epicenter of the global fiat
monetary system.
多量のオピオイドを米国に送り込み、米国で深刻な麻薬中毒問題を引き起こしています。現代版「阿片戦争」です。あのトヨタ初の女性取締役もオピオイド中毒で逮捕解任されましたよね。 US Is Dependent On China For Almost 80% Of Its Medicine by Tyler Durden Fri, 05/31/2019 - 12:55 Experts are warning that the U.S. has become way too reliant on China for all our medicine , our pain killers, antibiotics, vitamins, aspirin and many cancer treatment medicine. 専門家はこう警告する、米国はすべての医薬品、痛み止め、抗生物質、ビタミン、アスピリン、各種抗がん剤で、中国依存度が高すぎる。 Fox Business reports that according to FDA estimates at least 80 percent of active ingredients found in all of America’s medicine come from abroad, primarily from China . And it’s not just the ingredients, China wants to become the world’s dominant generic drug maker. So far Chinese companies are making generic for everything from high blood pressure to chemotherapy drugs. 90 percent of America’s prescriptions a...
Amazonで買物をしてContrarianJを応援しよう Silver Outperforming Gold 2 Adam Hamilton July 26, 2019 3232 Words Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver’s upside potential is massive. ここ２週シルバーは急騰した、ゴールドを遥かに凌ぐものだ。これは注目すべきことだ、もう何年もシルバーはひどいものだった。この極端に嫌われた金属が大きく心理を買えている、とうとうゴールド上昇を増幅するに至った。シルバーは対ゴールドで極端に過小評価されているだけでなく、投資家は積極的に買い進んでいる。シルバーの潜在上昇力は巨大なものだ。 Silver’s performance in recent years has been brutally bad, repelling all but the most fanatical contrarians. Historically silver prices have been mostly ...
米国はよく理解してませんが、日本の場合では量的緩和で日銀が国債買い上げした資金は日銀当座預金にそのままです、市中には流れていません。でもNHKのニュース等では「ジャブジャブ」という表現をアナウンサーが使い、さらに丁寧に水道の蛇口からお金が吐き出される画像まで示してくれます。これって心理効果が大きいですよね。量的緩和とは何かを７時のニュースや新聞でこれ以上丁寧に解説するのはそう簡単ではありません。一般の人も株式をやっている人も「イメージ」で捉える以上はそう簡単にできません。多くの人は量的緩和とはなにか、を理解していないと私は想像しています。 ただし、国債を買い上げるので長期金利が低下し住宅ローン金利等が下がったのは確実な効果です。一方で長短金利差が少なくなると銀行のビジネスモデルが成り立たなくなりますが。 This Is The One Chart Every Trader Should Have "Taped To Their Screen" by Tyler Durden Sat, 01/19/2019 - 18:55 After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018. 一年間のテーパリング後、FEDバランスシートがとうとう市場の注目をあびることになった、２０１８年の最後の３ヶ月だ。 By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS...
１００年に一度と言われる出来事が過去２０年で二回も起き、今度が三度目になるかどうか？ Ignore The Yield Curve, They Said… 03-30-19 Written by Lance Roberts | Mar, 30, 2019 A Run For The Highs 高値に向かう Friday wrapped up the first quarter of 2019, and it was the best quarterly performance since 2009. As shown in the chart below, if you bought the bottom, you are “ killing it.” ２０１９Q1も金曜に終わり、２００９年以来最良の四半期だった。下のチャートに示すが、もしみなさんが底値でかっていたなら、「息を呑まんばかりだ」ったろう。 However, you didn’t. しかしながら、そうはしなかったでしょう。 Despite all of the media “hoopla” about the rally, the reality is that for most, they are simply getting back to even over the last year. どのメディアもこのラリーで「大騒ぎ」だが、現実を思い起こすと、これは単に昨年のレベルに戻っただけのことだ。 That is, assuming you didn’t “sell the bottom” in December, which by looking at allocation changes, certainly appears to be the case for many. ということで、みなさんは１２月の「底値で売る」ようなことをしなかったろう、それは多くの人も同じことだ。 If we deconstruct the ratio we can see the rotation a bit better この比率を分析すると資金移動をもう少しよく理解できる Not surpr...
