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this could easily turn into a debt crisis


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#1 gannman

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Posted 26 February 2020 - 02:24 PM

watching oil 50 dollars is the line in the sand now sitting at about 48.

 

debt servicing in the oil sector might become an issue we will see

 

but it could have a cascading effect

 

gold the bullion the coins is the place to be imo especially now


feeling mellow with the yellow metal


#2 gannman

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Posted 27 February 2020 - 07:42 PM

http://www.321gold.c...arty022720.html


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#3 dougie

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Posted 28 February 2020 - 01:26 AM

seems a bit panicky to me. maybe this is  the real drill.

Maybe we are being manipulated in the direction of fear...

Cuibono?



#4 gannman

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Posted 28 February 2020 - 05:15 AM

you are right it does so maybe an early warning of a possible bottom


feeling mellow with the yellow metal


#5 dharma

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Posted 28 February 2020 - 12:25 PM

i read that piece yesterday.

have been thinking about this situation.  the world economy is going to come to a screeching halt . after that its anyoes guess. they say most folks in this country couldnt come up w/1k if there was an emergency. when 9/11 happened flights were empty. i flew to palm beach round trip for 1/2 of what it costs me to fly to denver today. the debt is about to get magnified.  how you label the advice bob gives is up to you. its what you do about it that matters. the rest is just words

dharma



#6 gannman

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Posted 06 March 2020 - 01:07 AM

https://www.gold-eag...nancial-markets

 

this is not going to end well  physical gold is the place to be


feeling mellow with the yellow metal


#7 senorBS

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Posted 06 March 2020 - 08:46 AM

yields collapsing to 1.31% area basis 30 yr!



#8 Russ

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Posted 06 March 2020 - 08:53 AM

Looks like the rally is ending today... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#9 gannman

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Posted 06 March 2020 - 09:03 AM

i had heard someone on one of the shows say 50 bucks was the line in the sand for oil

 

it is way below that now i think real problems are brewing in the oil sector and in the banks fwiw


feeling mellow with the yellow metal


#10 Russ

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Posted 06 March 2020 - 09:26 AM

False alarm,  looks like gold is just going to keep going up into the 2011 and 2012 highs...  


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/