It’s Friday, and whilst not the 13th, we are now at an even scarier 13 weeks from Australia’s so called ‘economic cliff’ when a host of emergency measures put in place by the government come to an end. Yesterday’s employment figures for May, the worst since 2001, were a stark reminder we are far from out of the woods, just 13 weeks before the safety net is removed. We discuss the implications.

Silver demand has been so extreme and supply so slow that since the pandemic took hold of markets we have seen refiners, mints and bullion dealers around the world unable to keep up to demand. Even now Ainslie is one of the few bullion dealers in Australia able to supply all lines immediately with most others taking pre orders. So what’s going on? We discuss.

As the Fed desperately ups the ante with buying corporate bonds and ETF’s and last night admitted it has no plans to unwind its balance sheet, we look at the implications as we hurdle toward Zombification as we are seeing in now nearly 20% of US companies….

Link to article: https://www.ainsliebullion.com.au/gold-silver-bullion-news/fed-zombification/tabid/88/a/2283/default.aspx

Last night Crypto.com released a research report into the state of adoption for the crypto market. Here are some of the findings, giving expert insight into the progression of the market into mass adoption.

After Wall Street bounced up off those support levels we discussed Friday, we talk to the new phenomenon of young “Robinhood” traders playing the “Fed’s got this” and “shares will catch up to a V Shaped Recovery” casino. Courtesy of Lance Roberts we explain how history says economies rarely ‘catch up’ to shares, rather over inflated shares catch down to economies.

It was a mixed bag on markets last night as we had the Fed meeting and sobering warning from the OECD.  Gold was up again by 1.4% and silver up 3.3% (0.9% and 2.7% in AUD terms) whilst the S&P500 and Dow fell but the every bubbly NASDAQ up yet again. The USD continued its extraordinary streak of declines.  We detail out and include an excerpt from 2 legends discussing gold’s role as the go-to investment.

Tonight the Fed meet for the monthly FOMC meeting. Amid shares surging despite QE quietly unwinding, the underlying economic picture is still terrible. So what can we expect tonight? They’ve previously hinted at YCC and we discuss.

Bitcoin bulls are currently out in force, talking up the cryptocurrency amid unprecedented central bank stimulus and quantitative easing.

Inflows of gold into ETF’s broke another record in May as investors continue to flood into gold. The World Gold Council just released their ETF Monthly figures plus we look more broadly at all transparent holdings and a possible signal from Ainslie’s own customers.

Today we discuss last night’s market action, warnings from BMO, US employment, the ECB doubling their QE and share a quote from now Fed chief Jerome Powell from 2012 foretelling exactly what is playing out now with an ominous warning.