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February 5, 2020

Wednesday, February 5, 2020

Gold ETF Holdings Reach All Time Record Highs

◆ Total known gold holdings in exchange traded funds (gold ETFs) have reached a new record highs as investors diversify into gold ◆ Known gold holdings surge above previous high from 2012 after expanding for past four years and surging in 2019◆ Recent allocations to gold ETFs comes as investors weigh impact of a global health crisis... https://news.goldcore.com/gold-etf-holdings-reach-all-time-record-highs/
WTI Holds Gains After Surprise Gasoline Inventory Draw

A surprise draw in gasoline relieved some bearish oil price pressures and a smaller crude build than API reported also helped...


CRITICAL ALERT! AND WE LOSE... Again! The Fed. PUMPS ANOTHER 100B Into The Debt Market. Mannarino



The Dow's next major test is the 40,000 level: Martin Armstrong

North American equity markets have been making new record highs to start the decade, but at least one modeller has loftier heights on his mind for the years ahead. For more on this, BNN Bloomberg spoke with Martin Armstrong of Armstrong Economics...  https://www.youtube.com/watch?v=7wJ_BTOLxxo


Greg Hunter: Fed Cannot Stop Money Printing – Craig Hemke

A year ago, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to money printing. He was right. Hemke also predicted this would be bullish for gold and silver prices. He was right again. Now, Hemke says, unlike the other times, this time, the Fed will not be able to stop the money printing. Hemke explains, “You’ve got to keep printing cash to service all this accumulated trillions and trillions of dollars of debt. You can’t grow your way out of it. You have to print your way out of it. They can’t let the stock market go down. I think it’s a $20 trillion total market cap. If it went down by 25%, it would be $15 trillion. That would be $5 trillion that would just go poof, and now, your liquidity crisis is that much worse. . . . They can’t afford to let it go down because it will exacerbate the liquidity crisis.”

On the China Coronavirus, Hemke says, “It’s bad enough with all the people dying and everything, but this didn’t just get fixed. It didn’t just get cured. There are still Chinese cities that are quarantined. Flights to Hong Kong, even now, are being suspended. All of this is going to impact the global economy . . . and it’s going to make the central banks print even more cash. . . . They cannot afford to let it (stock market and economy) go down.” Hemke also says, “The Fed is monetizing the debt as we speak, and they will continue to do so. That cash goes into the stock market and makes it keep going up, which they’ve got to have. What people need to understand is this is madness, and it’s only going to get worse, and that is also why you have to own gold and silver.” Hemke forecasted months ago if gold would hold above $1,550 per ounce, that would be the support the yellow metal would need to launch higher. Hemke says, “The next target will become $1,650, and I think by the end of the year, we will see $1,750 for another pretty solid year. Silver will be $20 to $22 per ounce (by the end of the year). If people really want to make some cash . . . the real opportunity is in the mining shares. . . . Total global asset allocation to the precious metals sector is less than 1%. If it goes to 2%, you have twice as much cash chasing a relatively finite amount of goods. . . . Twice the cash chasing the same amount of goods means higher prices. It’s not that complicated.”  https://www.youtube.com/watch?time_continue=1&v=vv1eH4RBZgg&feature=emb_logo


Putin Sends Russian Air Force to Evacuate Hundreds of Citizens from China

As the list of countries both shutting their borders to China and canceling major carrier flights in and out of the country grows, Russia is set to take drastic action by airlifting its nationals out of the country via Air Force planes. "The evacuation of Russian nationals from China on the Aerospace Force’s aircraft is scheduled for February 3-4, Kremlin Spokesman Dmitry Peskov said on Saturday," reports TASS news agency, which further indicated the evacuation order came directly from President Putin.  https://www.youtube.com/watch?time_continue=1&v=tFkgh4OzpbU&feature=emb_logo


Fears thick ‘death’ smog over Wuhan confirms China is burning coronavirus bodies

Several Chinese people voiced their concern over the fog which has engulfed Wuhan. It’s fuelled fears the death toll inside coronavirus-hit China is higher than what has been reported. 


Coronavirus Destroying China’s Global Supply Chains

The coronavirus outbreak in China is disrupting global supply chains because no one will travel for business, according to China Law Blog, a website that caters to elite attorneys involved in cross-border business and run by international law firm Harris Bricken. According to China Law Blog editor Dan Harris, “the coronavirus is impacting pretty much everyone in China.” Getting to international airports is difficult and whole cities in China are closed off. Applying for visas to other countries has slowed to a crawl; while expatriates and Chinese citizens are afraid to leave China because they may be denied entry into the country of destination and may not be able to return to their place of residence... https://www.theepochtimes.com/coronavirus-destroying-china-global-supply-chains_3218605.html


Coronavirus: What to Make of Discrepancies in Official Statistics

...One of the odd aspects of this outbreak is the discrepancy between the infection and fatality rates seen outside of mainland China and the rates seen within mainland China. One study, which looked at the percent of people leaving China who were found to be infected in other countries, concluded that there were perhaps 100,000 people in mainland China who were already infected. Furthermore, the fatality rate inside China remains above 2% while the fatality rate outside China is ‘just’ 0.9% (two out of 210 cases).

These discrepancies have led to widespread suspicions that the Chinese authorities are intentionally under-reporting the infection rate and possibly also the fatality rate. While this is entirely possible (we have been routine critics of Chinese government statistics and policies), all reporting suggests that Chinese medical authorities simply don’t have sufficient test kits to test everyone that presents with flu/pneumonia like symptoms.

To put the problem in perspective, approximately 80,000 Americans died of the seasonal flu (or complications arising from the flu) during the 2017/2018 winter season. An estimated 45 million Americans were infected. The current flu season is on pace to be even worse. China, which has 4.3 times as many people as the US, may have nearly 350,000 deaths and roughly 190 million seasonal flu cases this year. It is safe to assume that every single one of those people will worry that they have the Coronavirus. How many will want to be tested? 50 million? 100 million? 190 million?... https://thesoundingline.com/coronavirus-what-to-make-of-discrepancies-in-official-statistics/


360 Billion Locusts And Growing – A Plague Of ‘Biblical Proportions’ Is Destroying Crops Across The Middle East And Africa

What we are witnessing in east Africa and across much of the Middle East right now is hard to believe. 360 billion locusts are eating everything in sight, and UN officials are warning that this plague of “Biblical proportions” could get many times worse over the next several months.


Pope Francis Tells American Bishops That He Approves Of ‘Civil Unions’ For Homosexual Couples In Spite Of Established Catholic Doctrine To The Contrary

Pope Francis has been on quite the end times tear lately, and showing no signs of stopping or even slowing down as he continues to aggravate hardline, conservative Catholics with his ever more liberal practices and policies. The pope, having firmly established the main platform of the coming One World Religion of Chrislam, now seeks to pull homosexuals into his end times tent as well. When all is said and done he will have everyone except the Christians.


State lawmakers endure LGBT wrath for pro-child bill

State Rep. Fred Deutsch introduced the Vulnerable Child Protection Act, or House Bill 1057, which prohibits the medical community from prescribing powerful drugs, or performing surgery, on transgender youths 16 or younger.


Elizabeth Warren Attacks Christian Schools for Following Biblical Sexual Morality

On Sunday Sen. Elizabeth Warren shared a HuffPost article on Twitter bashing private Christian schools for having “anti-LGBTQ+ policies.”


Five Mosques Used as Iowa Caucus Sites for First Time in U.S. History

Five mosques were used as Iowa Democrat Caucus sites for the first time in United States history in an attempt to drive up voter participation among Muslim voters.

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