Rickards Warns "Bernanke Painted The Fed Into A Corner & It Can't Get Out"
Four time best-selling author Jim Rickards says “The time to buy gold is when sentiment is low and people hate it. . . . So, the bull market is intact.” We are in the fourth year. Bull markets start off slow because of all the bad sentiment, but then they gather momentum. So, it’s still not too late to jump on this train, and my expectation is this will pick up. . . . The signal the gold market is getting right now is the Fed is throwing in the towel. . . . They made some headway, but it came at a high cost because they slowed the economy . . . and they can’t continue. . . . Now, they are going to be desperate for inflation, and that is very bullish for gold.” https://www.youtube.com/watch?v=1zX59jl_OkM
Markets A Look Ahead SPECIAL REPORT: "A Deliberate Act." By Gregory Mannarino
There is an interesting concern rising from the too numerous exchanges for Bitcoin. A study has revealed that the market is being manipulated to create the impression that there is a $6 billion market trading every day. This manipulation is all about boosting the image of volume using what the study shows are known as “wash trades” where the same party is buying and selling at the very same price. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. The San Francisco-based firm compared at Coinbase Pro, which reports about $27 million in average daily volume in bitcoin. It’s median “spread,” between the price a seller wants and the price a buyer wants, for bitcoin was about 1 cent. That scenario passed Bitwise’s test for having real volume. The SEC has highlighted this risk of manipulation as the very reason for rejecting any further applications for other cryptocurrencies ETFs. Clearly, this also explains why trading volume for regulated Bitcoin futures has seemed weak and a small fraction of these unregulated exchanges. Chicago-based CME and Cboe began listing Bitcoin derivatives at the end of 2017 but have had significantly lower volumes than the $6 billion reported by unregulated exchanges. The largest single trade was $320 million. The open interest on the CME is only 3,671 contracts, which are composed of 5 Bitcoins per contract. https://www.armstrongeconomics.com/world-news/cryptocurrency/95-of-bitcoin-trading-is-fake/
The TRUTH About Trump & The Federal Reserve! – Will Powell RESIGN?
Josh Sigurdson reports on the recent breaking news that Trump is nominating Stephen Moore for the Board of Governors at the Federal Reserve. Moore is a so-called Fed critic as he has been critical of Jerome Powell’s raising of interest rates saying that Powell should resign. The issue is, Moore isn’t anti-Fed, he’s completely in favor of complete centralization of the economy under enforced legal tender laws. He just supports a DIFFERENT brand of centralization than Jerome Powell. This so-called shakeup by Trump is nothing more than replacing the hairdo. Trump has in the past reportedly looked at replacing Jerome Powell with Herman Cain. The idea would be funny if it weren’t for the unbelievable damage the Fed does to the populace while creating vast instability and destroying the middle class...https://www.investmentwatchblog.com/the-truth-about-trump-the-federal-reserve-will-powell-resign/
Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on March 28, the White House said on Saturday.