678 replies to this topic

[Smithy]

6/12/20 - Ambrose Evans-Pritchard - The Telegraph

As we now know from an astonishing speech this week by the Bank of England’s Sir Jon Cunliffe, is that the market ructions in late March came close to bringing down the global financial system (yet again).   

 

https://www.telegrap...-heady-markets/

[Smithy]

Dharma, this chart is for you - from today's WSJ

 

[Smithy]

World's ultra-wealthy go for gold amid stimulus bonanza

 

https://www.reuters....a-idUSKBN23P253

[ryanoo]

Dharma, this chart is for you - from today's WSJ

 

Smithy, isn't the graph up by 380%, from 5 to 24?

[ryanoo]

World's ultra-wealthy go for gold amid stimulus bonanza

 

https://www.reuters....a-idUSKBN23P253

Ray Dalio's portfolio at normal times (before Covid-19) had 7.5% in gold and 7.5% in commodities.  They are going from near 0 to 10% is like getting closer to Dalio's normal weight in gold.

[Smithy]

The inevitable is taking a long time...

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The Masters of the Diamond World Are Losing Control

https://www.bloomber...-losing-control

Edited by Smithy, 21 June 2020 - 05:49 PM.

[Smithy]

The curious thing about this week's gold COT report is that the hedge funds are hardly long and the commercials have not cranked up much of a short position.

[Smithy]

The GLD gold ETF's gold holdings

 

[Smithy]

Each time the Fed goosed the money supply, substantial rises in the gold price followed.

 

 

[Smithy]

Total Assets of the Major Central Banks