Monthly Archives: July 2020

A Greater Depression?

Project Syndicate/Noriel Roubini

people line up at failed bank 1931
“But these deficit-financed interventions must be fully monetized. If they are financed through standard government debt, interest rates would rise sharply, and the recovery would be smothered in its cradle. Given the circumstances, interventions long proposed by leftists of the Modern Monetary Theory school, including helicopter drops, have become mainstream.”

USAGOLD note: Doctor Doom outdoes himself in this one. He warns at one point that even if the coronavirus is contained his year, it could potentially return next flu season and cause markets to crash again. The engame? …… a “persistent depression and a runaway financial-market meltdown,” he says.


Repost from 3-24-2020

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Posted in Today's top gold news and opinion |

Gold to $1,900? MKM Partners says one major tailwind could give a big boost

CNBC/Keris Lahiff/7-2-2020

“’As real yields continue to move lower, it makes gold more attractive,” said [MKM Partners’ JC] O’Hara. “We plotted gold along with real yields and that’s the spread between the U.S. 10-year yield less the 10-year breakeven rate. … Yields have been negative and declining for the majority of 2020, and we see no end to that trend for the foreseeable future.’ That tailwind could lift gold as high as $1,900, says O’Hara, implying nearly 7% upside.”

USAGOLD note:  The Fed has said it will keep rates near zero to “at least 2022” [CNBC – 6/10/20].  If that be the case, gold has a long way to go with the wind in its sails.


Repost from 7-5-2020

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Posted in Gold-silver price predictions, Today's top gold news and opinion |