Last night the S&P500 made a new record high, the shortest bear market in history and all whilst we are still in a recession, and a recession that may prove to be the worst ever. US Corporate debt issuance broke a new record with much of that buying back shares. Those 2 sentences are not mutually exclusive…. We discuss.

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Arguably the two biggest names on Wall Street, Warren Buffet and Ray Dalio, were both revealed to have taken up very substantial gold positions in the funds they control in Q2 of this year. We outline why this is such big news.

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Last night saw mass liquidations across nearly all assets except the USD, and even then it barely moved rather than rally. However none got hit as hard as silver which saw nearly 15% falls, the biggest daily drop since the GFC. Both gold and Bitcoin were also off heavily, each by around 5%. We discuss why and also why the bigger picture hasn’t changed with one ‘smartest guys in the room’ buying $250m of Bitcoin.

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https://www.ainsliebullion.com.au/gold-silver-bullion-news/crypto-gains-to-continue/tabid/88/a/2322/default.aspx

Cryptocurrency markets have been fluctuating quite a bit lately, as bitcoin and several crypto assets have been testing new resistance levels. The market valuation of the entire crypto-economy is hovering around $360 billion as a decent portion of the top twenty digital assets have gained 1-15% in the last 24 hours.

Trump fires up the helicopter, Fed happy to let inflation ‘go’, inflation expectations on the rise, valuations at historic highs, and complacency abounds. We discuss this incredible set up for gold and silver.

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The Complacency Cocktail

The nexus between gold & Bitcoin and silver & Ethereum has often been discussed. Tribalists will argue never the 2 or even 4 be discussed in the same breath but the parallels are there and the price performance this year mirrors this too. Gold and Bitcoin are going strong, but silver and Ethereum are going even stronger given their dual purpose. We discuss.

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Gold & Silver v Bitcoin & Ethereum

Bitcoin has come to life this week after months of stagnation, jumping over 20% in just the past 2 weeks. The bitcoin price had been trading sideways since its supply squeeze in early May but this week leapt past the psychological $10,000 US level, soaring to over $11,000 per bitcoin.

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The USD had a positive close on Friday night after the DXY hitting 92.5. From its peak of 103 on 19 March (when gold and silver got smacked) the mighty US dollar has been on a steady decline whilst gold and more recently silver have rallied. We look at the reasons both micro but also very interestingly the historic macro picture and where this might go.

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You can sense the growing realisation in Australia that a V shaped recovery is simply not on the cards as many people started to believe when ‘everything was awesome’ again after that initial lockdown. Our packed waiting room every day is a good anecdotal indicator.

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Sometimes you just need a quick reminder of one of the key fundamentals rarely spoken about in terms of gold, silver and bitcoin’s potential in an environment such as this. We look at the Economics 101 setup right now.

https://www.ainsliebullion.com.au/gold-silver-bullion-news/silver-e2-80-9cthe-cheapest-metal-on-earth-e2-80-9d/tabid/88/a/2314/default.aspx