Gold Wake Up Rally

The time to stack never closes, but the volumes of precious metals moving off of western exchanges is historically breathtaking. Jamie Dimon got caught with Nickel futures recently, and in my opinion, a similar crack-up boom may be coming for silver, maybe gold. One good source of accurate and calm analysis of gold mining production and central bank reserves in gold is from Jeffrey Christian of the CPM group on YouTube. He shows that there is plenty of silver and gold left to mine in the world, and he also a great new interview titled, “Gold, Silver Gaining Traction, 2023 will be Year of Transition,” on the Investing News Network.

The above screenshot from the Palisades Gold Radio on (my favorite) YouTube channel shows that the strong dollar peg may be coming to a close. Recent statements by Saudi Arabia, Iran, and other African nations point to a loss of dollar trading for oil. The season of the petrodollar is coming to a close, and the Congress would do well to rein in spending to help with Jerome Powell’s duty to reduce inflation. Monetary policy can only do so much–fiscal policy from the legislative branch–needs to be the second third for reducing the three major causes of inflation. If you look at past recessions, this FRED graph below, from Steven Van Metre’s Bond King channel, makes it clear a recession could be coming:

You can see when the blue line goes up, the gray area, a recession, seems to occur. The two big exceptions appear after 1950 and Eisenhower’s address to the Allied Forces, and in 2009, during the Great Financial Crises when Michael Burry’s “The Big Short” took place. We got the military industrial complex warning from Ike, and the outcome of bankers becoming traders, risking the farm, with no regulatory help.

According to maneco64 and his YouTube channel from the UK, he frequently quotes Ludwig von Mises “Human Action” on page 248 per the final flag down to a crack-up boom. Think of the wheelbarrow of fiat currency for a loaf of bread in Germany. I can only hope a new vision of a new version of Quantitative Easing, use of the Dollar Milkshake Theory, or Twist, can engender the full faith and credit of the United States Treasury as the outgoing world’s reserve currency. In the past, war breaks out when the dominant hegemonic empire crumbles. (See Ray Dalio)

Sound familiar with the US attitude towards Taiwan and Ukraine?

Here’s that snapshot from Ludwig:

A new GM full-size sport utility vehicle costs $95,000. The cost of maintaining a vehicle is far outpacing wages, job security, and its supposed convenience. The divide between those who bought a house two years ago until now is also showing dramatic signs of change. Here’s a peek at the recently booming Raleigh, NC and Nashville, TN and SE US metros. The amount of new housing waiting for buyers is becoming staggering:

You can see above that is there is a huge increase in unsold homes. Blackstone and REIT’s that gobble up homes make it even more difficult for newly formed families.

If we look below from a great visual chart from Core Logic in the WSJ, Rents or rent marginal values, are painting a dramatic picture for US households. I thought I’d never see rents in southern Florida approach and equal those in San Francisco! New units in the modest county of Martin, just above Palm Beach, below the treasure coast, appear to be equal to those in the Bay Area (CA)! The Venture capital boom in SF, now appears to have infected Boise, ID, Phoenix, AZ, and Austin, TX –just like what we San Franciscans went through starting in April of 2014, when Facebook went public. Please understand that I don’t wish inflation on anyone.

I retired early at age 62 in June of 2020. Miraculously, I put in my paperwork on February 13, 2020, just one month and a day or so before the Covid lock down. I was able to know that my three-month-window deadline before my birthday was complete and in the mail so to speak before all the city and county offices closed! Whew.

Stay tuned for more blogs on what my life has been like in retirement, and watch my writing evolve into some new category or venue as I figure out who I want to be now that I am no longer driving a bus.

I do have moments of joy as a bus passenger, pulling the string for a senior who can’t reach the bell, or helping someone trapped at the back door trying to exit, with a “Back Door!” refrain to the operator, that I learned so well at Muni.

These charts, graphs, and screenshots have come from over forty hours of watching YouTube videos that cover topics not in the mainstream media. Think of it guys, we can become our own Walter Cronkite, a weatherman, a tarot reader, an astrologer–on our own television channel. I still do have a kind of awe and wonder about how Google, Apple, and Amazon have changed our lives, forever–and not in a bad way.

Life is good with waking up with Hawaiian grown food and coffee!