Silver Has a Potential For a 50% Rally!
Gold News Daily
4.24.18 – “America’s History Forever Changed!”
Gold last traded at $1,333 an ounce. Silver at $16.70 an ounce.
NEWS SUMMARY: Precious metal prices rose Tuesday on safe-haven buying and dollar weakness. U.S. stocks fell sharply as investors were disappointed with the latest earnings and interest rates jumped to levels not seen in years.
Silver Has Potential For 50% Rally – Bloomberg Intelligence –Kitco
“Fundamentals are in place for precious metals, especially silver, to significantly break out of current trading ranges, according to a report from Bloomberg Intelligence. The report said that silver has a history of lagging its industrial metals companions and can rally as much as 50% by simply ‘catching up.’ ‘Essentially unchanged from June 2016, silver has plenty of room to catch up to the 50% rally in the Bloomberg Industrial Metals Spot Index and 3% decline in the trade-weighted broad dollar,’ the report said. ‘It’s been about 50 years since silver’s 12-month range was this narrow, increasing the likelihood of a sharp rally.’….Mike McGlone, senior analyst at Bloomberg Intelligence, said that fundamental macro forces, especially a weakening dollar, remain the key catalysts for a potential breakout of range-bound commodities like precious and industrial metals….’Despite the Federal Reserve’s accelerated rate-hike schedule, the dollar declined. Down remains its longer-term path of least resistance,’ the report said….Similar to silver, gold is also to benefit from current market conditions, according to the report.”
“America’s History Has Been Forever Changed!” –Craig R. Smith/Coast to Coast AM
Unbeknownst to most Americans, on March 23, 2018, the course of American history was forever changed as the result of irresponsible government leaders from both parties. “The consequences will soon impact the lives of every man, woman and child for decades to come,” Swiss America Chairman Craig R. Smith said last night to millions of Coast to Coast AM listeners. Mr. Smith went on to explain why the passage of the $1.3 Trillion Omnibus spending bill, which funds the federal government until Sept. 30, 2018, marks the beginning of the end of America. When asked his market outlook Craig then detailed why many billionaires, like Microsoft founder Bill Gates, big Hedge fund manager Ray Dalio, and JP Morgan co-president, Daniel Pinto are now calling for a major drop in the markets very soon. Mr. Smith believes our nation faces only two options to bring the U.S. economy back into balance; a total global debt reset, or massive money printing, resulting in inflation. When host George Noory asked about the future prospect for gold prices, Craig said he shuns specific predictions, but for the first time in his 36 years of leading Swiss America, he sees the possibility of $5,000 an ounce gold, given the current global debt. Smith’s passion could be felt over the airwaves, as he challenged listeners to take action, by getting educated and protecting the next generation from the crushing debt that our political leaders are laying upon them. Craig ended the interview by offering a free copy of his latest special report, THE CRASHLESS SOCIETY.
Kunstler: “America Has Become An Alzheimer Nation” –Zero Hedge
“America has become Alzheimer Nation. Nothing is remembered for more than a few minutes. The news media, which used to function as a sort of collective brain, is a memory hole that events are shoved down and extinguished in. An attack in Syria, you ask? What was that about? Facebook stole your…what? Four lives snuffed out in a… a what? Something about waffles? Trump said… what? Let’s pause today and make an assessment of where things stand in this country as winter finally coils into Spring. As you might expect, a nation overrun with lawyers has litigated itself into a cul-de-sac of charges, arrests, suits, countersuits, and allegations that will rack up billable hours until the Rockies tumble. The best outcome may be that half the lawyers in this land will put the other half in jail, and then, finally, there will be space for the rest of us to re-connect with reality. We really have reached limits for an industrial economy based on cheap, potent energy supplies….We’ve been papering this problem over by borrowing so much money from the future to cover costs today that eventually it will lose its meaning as money – that is, faith that it is worth anything. That’s what happens when money is just a representation of debt that can’t be paid back….Lately, this game of pretend has sent the financial corps into a rapture of jubilation. The market speed bumps of February are behind us and the road ahead looks like the highway to Vegas at dawn on a summer’s day….The true message of income inequality is that the nation as a whole is becoming incrementally impoverished and eventually even the massive ‘wealth’ of the one-percenters will prove to be fictitious, as the things it is represented in – stocks, bonds, currencies, Manhattan apartments – hemorrhage their supposed value. The very wealthy will be a lot less wealthy while everybody else is in a life-and-death struggle to remain fed, housed, and warm….What lies ahead is contraction. Of everything.”
This Is The Most Valuable Commodity of the 21st Century –INC.
“The refrain of, ‘if it’s free then you are the product,’ has become part of our common vernacular. Clearly, nothing is free, it’s only the currency in which we pay that differs. While the price paid for the use of social media may not be coming out of your bank account, it is most certainly coming out of something that is quickly turning into the single most valuable long-term commodity of the 21st century – your digital self….The good news is that, as it stands now, your digital self is still horribly disconnected with no single owner to make sense of it all….Perhaps what’s most surprising is that none of this should surprise us. We’ve been giving up our identity, habits, and behaviors with utter abandon for some time….An immutable digital persona could have the single greatest impact on society since the advent of property rights. The opportunity to use our digital selves for interaction, collaboration, innovation, personal safety, community building, giving a voice to those otherwise disenfranchised humans who live in isolation and whose plight has been easily ignored or silenced, and the creation of global economic value for all, are incredibly positive advances in the human condition as well as the evolution of a just and prosperous society.”
THE FUTURE OF MONEY, Swiss America’s 36th Anniversary issue of REAL MONEY PERSPECTIVES discusses the biggest wildcards to prepare for in 2018, cryptocurrency mania and why gold and silver are the safest forms of wealth insurance.
Other features include: * a 2018 economic outook * Bitcoin’s future * When you should file for Social Security benefits * Eight axioms to understand the fake economy and more… Request a FREE copy HERE
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