Findings from the IIF (Institute of International Finance) and a warning from the IMF (International Monetary Fund) bring the hope trade off the back of vaccines starkly into contrast as the world sinks under debt.

Today we talk to the epic setup for the silver market and at the end compare that to its ‘crypto cousin’ Ethereum which too looks poised for great things.

Equities markets are often driven more by emotion than fact or fundamentals. 2 nights ago we saw Wall St surge on another positive vaccine announcement and then last night fall back. Nothing much changed so did the market just momentarily pause and look more pragmatically at fundamentals not hope? Only a little… it is now in Extreme Greed mode but the smart money is not buying it.

As we head into the end of the year, the crypto market cycle has shifted back towards BTC with the favourable macro backdrop. The election's end - and perhaps its reminder of the fragility of political governance - has reinforced the value of Bitcoin.

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https://www.ainsliebullion.com.au/gold-silver-bullion-news/bitcoin-ethereum-foundations-strengthening/tabid/88/a/2393/default.aspx

Until China embarked on its massive gold buy up from 2013, India was the world’s biggest consumer of gold. A country of 1.4 billion people who all aspire to gold ownership will always be a big force in the gold market regardless. Today we look further into this and the burgeoning gold loan market.

Wall St took a dive last night whilst gold firmed as the market digested the new reality that there will be no fiscal stimulus before January whilst the 2nd COVID wave sweeps the nation and the Pfizer vaccine, if passing all tests, will be unavailable much longer than the euphoria earlier in the week was pricing in. Our AUD dropped which turbo charged gold and silver gains locally. We discuss.

“The Great Reset” agenda of the World Economic Forum is one not widely known about and certainly not one getting much cut through in the mainstream in Australia. That changed just a little yesterday when Pauline Hanson put forward a motion in the senate for Australia to actively not pursue this agenda. It was defeated.

Bitcoin has leapt back into the limelight after taking a backseat to the DeFi craze. Initially, it looked that this was just another intermarket move driven by the reallocation of capital from big winners back to BTC, but something seems different this time and it appears the landscape is shifting beneath our feet.

News flash… Everything is awesome! News of Pfizer’s vaccine saw the S&P500, Dow and small cap Russell 2000 all hit all-time highs last night whilst Gold was down around 4.7%, silver just over 6% whilst Bitcoin held strong. Today we zoom back from the soundbite and put this all in to perspective.

Markets were steady at the close on Friday and gold, silver and bitcoin all up. Investors are grappling with what looks like a Biden presidency, Democrat house and Republican senate. Today we look past this immediate ‘noise’ and at some fundamentals that should be a warning to all investors.