A Digital “Fedcoin” May Be Coming … And It Would Be Terrifying

A Digital “Fedcoin” May Be Coming … And It Would Be Terrifying By Stefan Gleason Cryptocurrencies are based on blockchain technology that allows for de-centralized peer-to-peer transactions to take place outside the government-controlled banking system. Backers of cryptocurrencies such as Bitcoin tout their privacy advantages and resistance to inflation due to their strictly limited quantities. But what if this free-market innovation were co-opted to achieve opposite ends – centralized tracking of every transaction with no possibility of escaping digital devaluations? That’s what some central bankers are ultimately aiming for by…

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Central Bankers Pull Out Their Monetary Bazookas to Try to Avert a Coronavirus Crash

Central Bankers Pull Out Their Monetary Bazookas to Try to Avert a Coronavirus Crash By Stefan Gleason The emerging coronavirus pandemic is already crimping global commerce. In response, the S&P 500 has thus far put in two weeks’ worth of declines (the index fell 2.1% last week) since making new highs to start the year. Even though the U.S. stock market hasn’t even entered a true “correction” phase yet, Wall Street is already clamoring for more Fed stimulus. Mainstream stock market mavens figure the central bank will step in to…

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Outlook 2020 (Part 2): Key Fundamentals and Technicals for Precious Metals

Outlook 2020 (Part 2): Key Fundamentals and Technicals for Precious Metals By Stefan Gleason The first part of our 2020 Outlook covered the Big Picture Backdrop for Precious Metals. This second part focuses on the fundamental and technical setup for gold and silver markets. Precious metals markets enter the New Year with some impressive upside momentum. Are gold and silver poised to deliver big gains in 2020? Before answering that question, let’s review the year-end closing prices and yearly gains the metals recorded in 2019: Gold: $1,519 (+18.9%) Silver: $17.91…

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Outlook 2020: The Big Picture Backdrop for Precious Metals

Outlook 2020: The Big Picture Backdrop for Precious Metals By Stefan Gleason The year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals. In the second part of Money Metals’ 2020 Outlook, we’ll drill down on the fundamental and technical setup for gold and silver… However, in this first part, we’ll set the stage by digging into the macro forces at play in the economy, monetary…

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Silver Eyes Fourth Quarter Rebound

Silver Eyes Fourth Quarter Rebound By Stefan Gleason Precious metals markets enter the often favorable fourth quarter trading season with the potential to reinvigorate their major uptrends. Despite posting impressive gains in the third quarter, gold and (especially) silver finished it on a downbeat note. On Monday, sellers smashed silver spot prices down 3.6% to test the $17.00/oz. level. The disappointing finish to the month and the quarter does raise the possibility that momentum selling could continue to drag prices lower in the near term. However, quarter-end profit taking and…

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Big Tech, Big Banks Push for “Cashless Society”

Big Tech, Big Banks Push for “Cashless Society” By Stefan Gleason The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy. Last week, Facebook – in partnership with major banks, payment processors, and e-commerce companies – launched a digital currency called Libra. Unlike decentralized, free-floating cryptocurrencies, Libra will be tied to national fiat currencies, integrated into the financial system, and centrally managed. Critics…

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Practical Prepping for Financial SHTF Scenarios

Practical Prepping for Financial SHTF Scenarios By Stefan Gleason Preppers – the sort of people who build bunkers, stockpile supplies, and bear arms – aim to survive “SHTF” scenarios. When war breaks out, when the power grid goes down, when the banks fail, when the U.S. dollar collapses, when social unrest spreads, when the stuff hits the fan… will you be prepared? Risks are rising. The Bulletin of the Atomic Scientists maintains a “Doomsday Clock.” For 2019, it “sets the Doomsday Clock at two minutes to midnight—the closest it has…

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2019 Money Metals Outlook

2019 Money Metals Outlook By Stefan Gleason Precious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year – including technical, fundamental, monetary, and political drivers. Before delving into each of them, let’s consider where we’ve been over the past 12 months. To be frank, 2018 wasn’t a particularly bright year for gold and silver prices. Gold will finish with a slight loss; silver with a larger loss just shy of 10%. It could have been worse. Sentiment toward…

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Will Unapproved Opinions Be Censored Off the Internet?

Will Unapproved Opinions Be Censored Off the Internet? By Stefan Gleason “False opinions are like false money, struck first of all by guilty men and thereafter circulated by honest people who perpetuate the crime without knowing what they are doing.” – Joseph de Maistre You wouldn’t be reading this if you didn’t value alternative points of view. After all, you could easily click your mouse right now to CNBC, CNN, or The New York Times for conventional news and opinion. The fact that you have the slightest ability to bypass…

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The Swamp vs. Alternative Currencies

The Swamp vs. Alternative Currencies By Stefan Gleason In Federal Reserve chair Jerome Powell’s testimony before Congress last week, he reiterated his intent to continue the central bank’s gradual rate-hiking campaign. Among those who are “not thrilled” about the prospect of higher interest rates: the President of the United States. Trump Tweeted: ….The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD…

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