The Senate Is On Vacation While Americans Starve
by Gerardo Del Real
Covid. Lockdowns. Millions unemployed and record lines at food banks across the country.
These are the two realities Americans are faced with. Small businesses across the country are struggling to survive county-, city- and state-mandated lockdowns while the politicians who are pushing for these lockdowns refuse to provide any meaningful help to people who want to work.
Agree or disagree with the policy... that’s what’s going on.
These are the same politicians who are still collecting taxpayer-funded paychecks and taxpayer-funded health care.
There is no urgency because the people making up the rules are not directly affected.
The senate is on vacation while Americans starve.
What money managers and “expert” advisors have never told you is that gold lives, breathes, and moves in cycles.
This simple indicator reveals where we are in that cycle — and what to do right now — in clear-as-day context.
And it’s flashing “BUY” right now.
See why another gold stock price explosion is about to start.
The corporate turkey was already carved up earlier this year while most Americans received a $1,200 check and were told to make it work.
Twelve percent of U.S. adults have recently experienced a food shortage. That includes households with children.
But Dow 30,000! And record low mortgage rates and vaccines and change.
Kidding about the change.
Janet Yellen looks likely to be the next Treasury secretary. The first female Treasury Secretary. That's where the change ends.
The reason the market is celebrating the nomination and the reason she’s likely to receive bipartisan support is because Yellen will provide more of the same debt-laden fix that both parties — and the markets — have grown to depend on.
Agree or disagree, she’s also unlikely to introduce any type of meaningful banking regulation.
Why the rant about Ms. Yellen?
Because we already know that Fed Chairman Powell will continue not to think about thinking about raising rates, catering to the stock market anytime it throws a meaningful tantrum.
He will cater until it doesn’t work anymore.
A dovish Fed combined with another dovish Treasury Secretary allows those of us who speculate in commodities, hard assets and real estate to map out what the fiscal and monetary policy will look like over the next several years.
It’ll be more of the same with different debates about who should get what.
We’re in uncharted territory. Global equities have a record aggregate value of over $95 trillion.
There’s $17 trillion in negative-yielding debt faithfully handing holders of it losses every day.
The recent pullback in the gold price has it testing its 200-day moving average.
Whether or not it holds has near-term implications, but the mid-long term picture is crystal clear.
Expect a higher gold price. And expect this pullback to provide the energy for the next move higher.
I’ve used the recent pullback to add to several positions and both Junior Resource Monthly and Junior Resource Trader subs should expect a new pick and several trades soon.
I hope you all have a great holiday… are fortunate enough to find yourselves in good health… and are able to share it with great people.
Let's get it!
Editor, Resource Stock Digest
For the past decade, Gerardo Del Real has worked behind-the-scenes providing research, due diligence and advice to large institutional players, fund managers, newsletter writers and some of the most active high net worth investors in the resource space. Now, he is bringing his extensive experience to the public through Resource Stock Digest, Junior Resource Monthly, and Junior Resource Trader. For more about Gerardo, check out his editor page.
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