(Recorded on 05/11/21) Topics covered on this video coaching call In this special video presentation, trading coach Jerry Robinson provides an update on rising gold prices, cryptocurrencies, and U.S. cannabis stocks. Included in this video: – U.S. dollar...
WHAT’S NEXT FOR GOLD PRICES?
As Funds Get Massively Short, Gold Could Spike
- Hedge funds and money managers are now less bullish on gold than they’ve been since June 2007, data from the Commodity Futures Trading Commission show. And that could actually be good news for the beaten-down metal.
- The report also reveals that large speculative traders cut their bullish gold futures and options holdings to the smallest ever.
- This is the fifth straight week of these traders trimming bullish exposure to gold.
- Big money managers are cutting back on silver positions too, for the fifth consecutive week. Overall, large speculators have turned short silver.
- If the Fed does not “taper” at its December meeting, gold and silver could spike dramatically higher causing massive short-covering activity.
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Inside this Issue
“Profiting From the Coming Paper Money Collapse”
Financially troubled cities in California, Illinois and Pennsylvania will soon face decisions on what to do with chronically underfunded pension funds, and experts say the Detroit ruling has made it easier for cities to argue that pensions must be cut.
CBO: Medicaid spending will more than double over the next 10 years, topping $554 billion by 2023.
“The fact that gold failed to fully penetrate its prior lows from last week is a welcome sign for bullish investors.”
U.S. Financial Markets
Real-time Gold and Silver Prices
Precious Metals Market Update with Tom Cloud
“World News Headlines That We Are Tracking”
No surprise here…
Obama administration’s stance on Iran and Syria could see US lose influence in the Middle East, Bahrain’s rulers warn
“China is bent on wrestling the Senkakus away from Japan, and if Japan dispatches its Self-Defense Forces, China will respond with naval and air forces.”
The government has refused the Senate access to the secret text of the trade deal it is negotiating in Singapore, saying it will only be made public after it has been signed.
With China on the rise, the U.S. is blessing the re-emergence of Japan for the first time since WWII.
In addition to using freely available aerial and street photographs to survey property, agents are also encouraged to use search engines to research background information on suspected tax cheats.
The National Security Agency isn’t the only government entity secretly collecting data from people’s cellphones. Local police are increasingly scooping it up, too.
The Washington Post reports that the FBI has had the ability to secretly activate a computer’s camera “without triggering the light that lets users know it is recording” for years now.
Rep. James Sensenbrenner Jr., the original author of the Patriot Act, says Director of National Intelligence James Clapper should be prosecuted for lying to Congress.
“We’re now able to eavesdrop on the brain in real life…”
In their zeal to tout their faith in the public square, conservatives in Oklahoma may have unwittingly opened the door to a wide range of religious groups, including Satanists who are seeking to put their own statue next to a Ten Commandments monument outside the statehouse.
Broadcast Every Saturday Morning – Hosted by Jerry Robinson
Topic: On this week’s show, Jerry Robinson discusses how the Internet revolutionized his businesses and how Internet-currency Bitcoin may lead to an even greater demand for gold and silver.Read Show Notes >>
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(Right click link above and ‘save as’ to your device)Other Listening Options
“Daily Investment Trends for the Savvy Investor”
“A Daily Stock Trading Idea for Short-Term Traders”
“A Daily Dose of Financial Wisdom from God’s Word”
“The reward of humility and the fear of the Lord are riches, honor and life.”