The Ainslie News Podcast

China has long been the world’s biggest consumer of gold, ahead of India since 2013. Whilst also the world’s largest producer, China is still the world’s largest importer. However as a communist regime, the amount of gold allowed to enter the country is, as with most things, controlled by the Beijing. Reuters just reported they are reopening quotas with a massive 150 tonne worth over $11b set to be imported right from the gun. We discuss.

After what is a prolonged period of price stability (at least in the crypto world), we saw Bitcoin break 60k (USD) and Ether set a new all-time high before both drew back down over the weekend. Let's delve into what's going on in the space and what is driving the latest price movements.

Both gold and silver surged last night with gold up $45 (2%) and silver up 86c (2.7%). Ostensibly this was driven on inflation trades on the back of Biden introducing his $2.25 trillion “American Jobs Plan,” infrastructure stimulus package. However it can’t be ignored that we have now passed the March delivery on COMEX futures when it is ‘convenient’ for those massive bullion bank short positions to have a nice low price….cough, cough

After a major breakout early in March, Platinum has pulled back from psychological resistance at US$1,200 in a healthy consolidating move. The white metal has continued to trade above US$1,160 over the last week reflecting strong support even after a major breakout. We discuss. Images for charts visible here: https://www.ainsliebullion.com.au/gold-silver-bullion-news/platinum-e2-80-99s-fundamentals-remain-strong-/tabid/88/a/2479/default.aspx

THETA, the native token of the Theta Network (a sharing economy video delivery network) has been going ballistic this year. Since the beginning of the year, it has increased almost 6-fold. From a year ago, THETA is up a staggering 18,000%. The question is how? Let’s dive into why the market is so excited about THETA… No images today.

As we sit here amongst the highest global debt pile in history there as yet appears no solution in sight. We often remind readers there are just 3 ways to deal with such a pile of debt… 1. Pay it off with increased economic growth and taxes, 2. Inflate it away with increased inflation, or 3. Default. The last time we were here was 1946. We compare and discuss why this time if different. Today's image. https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-9cthe-dollar-is-our-currency-but-it-e2-80-99s-your-problem-e2-80-9d/tabid/88/a/2477/default.aspx

Speaking to Bloomberg recently, Ray Dalio (head of the world’s largest hedge fund) argued that we have entered the later part of the long-term debt cycle. We share his thoughts and the latest insights into how much gold Bridgewater owns. No images today.

Globalisation has been a key economic trend of the last few decades. Never before has the world been so interconnected economically and as COVD painfully revealed, nor have supply chains of essential services been so reliant on off shore suppliers and international freight lines. Such interdependence means a shock or break anywhere in the world can have ramifications across the globe. We discuss the latest events and their ramifications.

Incredibly it is already 1 year ago that sharemarkets bottomed in the COVID crash. Amid all the unprecedented statistics of GDP plummeting and job losses, few would have predicted one of the fastest and strongest recoveries in share prices since – but that’s what has happened. We delve deeper and look at gold and particularly silver from here.

NFTs or non-fungible tokens are shaking up the art world. So much so that one piece of crypto art recently auctioned for more than $69 million. We explore what non-fungible tokens are, and why they're disrupting the future. No images today.

We share 2 charts painting a picture of the battle between a market inflated by easy, cheap money versus reality and the looming inflation that appears an inevitable outcome of that same easy money. The Fed is stuck in the middle and there appears no easy way out. Today's images https://www.ainsliebullion.com.au/gold-silver-bullion-news/no-way-out/tabid/88/a/2472/default.aspx

This week was notable for the Fed committing to continue printing USD hand over fist and keeping rates at zero to promote borrowing hand over fist. At home the RBA is doing the same. It is therefore a very real stark contrast to look at the new supply of a real monetary asset in comparison. Today we look at silver mine production as the antithesis of fiat money supply. Images for today's news https://www.ainsliebullion.com.au/gold-silver-bullion-news/silver-production-yields-tumble/tabid/88/a/2471/default.aspx

As discussed yesterday, last night we saw the much anticipated March meeting of the US Federal Reserve, the first coinciding with the anniversary of the COVID crisis that saw them unleash unprecedented easy monetary policy and the first since yields in US Treasuries started rising materially. As the Bloomberg headlines says this morning “Powell Holds Dovish Line as Fed Signals Zero Rates Through 2023”, the question on everyone’s lips of whether they would be dovish or hawkish was firmly answered in the dovish, or more easy monetary policy, affirmative. We discuss. Link to full article. https://www.ainsliebullion.com.au/gold-silver-bullion-news/fed-keeps-pedal-to-metal/tabid/88/a/2469/default.aspx

The market is nervously awaiting the outcome of tomorrow’s US Fed meeting. Will they be dovish (easing) or hawkish (tightening)? Will their view of the economy be bullish or remain cautious. Today we discuss that it likely doesn’t necessarily matter. We look at market psychology and zoom out to look at long term cycles and where we are right now. Link to all images https://www.ainsliebullion.com.au/gold-silver-bullion-news/listen-to-the-market/tabid/88/a/2468/default.aspx

Bitcoin hit a fresh all-time high over the weekend, almost doubling its price so far in 2021. It took a few attempts to break the psychological 60k USD barrier, but when it did breach it, it did so in spectacular fashion. Link to images: https://www.ainsliebullion.com.au/gold-silver-bullion-news/bitcoin-hits-all-time-high-of-2479-400/tabid/88/a/2467/default.aspx

We are arguably in the midst of one of the most artificially constructed economies in modern history. Central banks out of hubris, and governments out of the desire to be re-elected, continue to ‘bail out’ the natural economic cycles arguably ‘needed’ to maintain a sustainably healthy economy. We discuss how this will lead to more frequent crises, shorter economic cycles and abrupt recessions. https://www.ainsliebullion.com.au/gold-silver-bullion-news/why-debt-will-bring-more-frequent-crashes/tabid/88/a/2466/default.aspx

This is our final preview of the upcoming ‘In Gold We Trust’ report by Incrementum. The report is arguably the pre-eminent annual report on gold and silver, read by over 2m people in 2020 and due out in May 2021. Today we look at the relative size of precious metals markets against the institutional funds, what that means and a special look at silver. https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-98in-gold-we-trust-e2-80-99-preview-e2-80-93-institutional-impact-gsr/tabid/88/a/2465/default.aspx

This is our third preview of the upcoming ‘In Gold We Trust’ report by Incrementum . The report is arguably the pre-eminent annual report on gold and silver, read by over 2m people in 2020. On Monday we gave the context of this epic setup for precious metals, yesterday talked to gold’s performance over time and particularly against US shares, and today we look specifically at the inflation genie and its evil brother stagflation. Images and charts. https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-98in-gold-we-trust-e2-80-99-preview-e2-80-93-inflation-or-stagflation-/tabid/88/a/2464/default.aspx

This is our second preview of the upcoming ‘In Gold We Trust’ report by Incrementum . The report is arguably the pre-eminent annual report on gold and silver, read by over 2m people in 2020. On Monday we gave the context of this epic setup for precious metals and today we look specifically at gold and how it has performed and why. Link to full article and images https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-98in-gold-we-trust-e2-80-99-preview-e2-80-93-gold-v-shares/tabid/88/a/2463/default.aspx

Ethereum has a new upgrade on the way. The proposed EIP 1559 Upgrade, now called the London Fork, will both lower GAS fees and increase the scarcity of ETH which could lead to a higher price. Let's look at the details… Link to image. https://www.ainsliebullion.com.au/gold-silver-bullion-news/why-ethereum-can-continue-to-outperform-bitcoin/tabid/88/a/2462/default.aspx

The ‘In Gold We Trust’ by Incrementum report is arguably the pre-eminent annual report on gold and silver, read by over 2m people in 2020. Whilst we are still over 2 months away from the release they have given us a teaser with a chart pack. Lets start to unpack this…. Link to article and images (charts) https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-98in-gold-we-trust-e2-80-99-preview-e2-80-93-printers-go-brrrr/tabid/88/a/2461/default.aspx

Cardano Up 477% This Year. What’s All The Hype About? A week ago, we saw a new cryptocurrency claim the number 3 largest crypto by market cap. This is on the back of an incredible price gain of 625% since the start of the year. So what’s the hype? Let’s jump in… No images today.

Yesterday we talked about the RBA’s yield curve control program, noting it was one of only a few central banks in the world implementing this strategy. All eyes are now on the Fed as they openly contemplate implementing it in the US as they see longer term bond yields rising to very uncomfortable levels. Last night on Wall St was yet another reminder of how unstable things are in the face of this. We discuss the implications and why it differs to QE. No images today.

Yesterday the RBA kept things unchanged, maintaining both the cash rate at 0.1% and its $200 billion QE program until it sees sustainable and strong wage growth together with low unemployment. However just the day before the meeting they had to double down on QE to stem the sell off in 10 year bonds. We discuss.

Wow… what a week for crypto. Last Monday we say the largest single day pullback in Bitcoin’s already volatile history. Bitcoin was down 24% in the seven days through Sunday. It's also the worst weekly performance since March 2020. Prices have declined on six of the past seven days. Today's images https://www.ainsliebullion.com.au/gold-silver-bullion-news/this-is-what-bitcoin-does/tabid/88/a/2457/default.aspx

The Fed Is Trapped – “the beginning of a secular bull market for precious metals” Crescat Capital have just released their February research letter and it’s a cracker. Below is the author’s Tweeted summary from last week to put this current turn in the market succinctly into perspective and why they think gold and silver are about to enter a new secular bull market. View all today's images. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-fed-is-trapped-e2-80-93-e2-80-9cthe-beginning-of-a-secular-bull-market-for-precious-metals-e2-80-9d/tabid/88/a/2456/default.aspx

One year ago we had the first big financial market sell off on the back of COVID hitting ‘the west’ and the realization this thing was big. Last night saw the worst equities & bonds rout since March. 113m cases, 2.5m deaths and much of the world in lock down at various times and we finally have a vaccine and ‘hope’ creeping back into the market, winding up the spring, albeit arguably prematurely. But could that ‘sprung coil’ be the undoing? Link to all the images and charts. https://www.ainsliebullion.com.au/gold-silver-bullion-news/one-year-on-e2-80-93-covid-responses-come-home-to-roost/tabid/88/a/2455/default.aspx

AUD kisses 80c – What comes next? Last night saw a rebound on Wall Street despite falls on opening after the Fed doubled down on its dovish jawboning. That saw a reprieve in bond yields, shares up, gold down and further strengthening in silver and platinum on the reflation trade. It also of course saw the USD down and the AUD firming to kiss 80c. We discuss the implications. All of today's images https://www.ainsliebullion.com.au/gold-silver-bullion-news/aud-kisses-80c-e2-80-93-what-comes-next-/tabid/88/a/2454/default.aspx

Another day another Wall St heavyweight warning of the ‘everything bubble’ looking extreme. The head of the world’s largest hedge fund, Ray Dalio, shared his ‘bubble indicator’ yesterday, giving an insight into how Bridgewater assess this current extreme situation. All the charts... click through to view. https://www.ainsliebullion.com.au/gold-silver-bullion-news/dalio-e2-80-99s-6pt-e2-80-9cbubble-indicator-e2-80-9d-at-extreme/tabid/88/a/2453/default.aspx

Why Rising Rates are the Pin for this Bubble In a bubble looking for a pin, maybe the biggest threat (pin) developing is the rise in yields or interest rates as we discussed in part on Friday. We share and discuss a typically concise and easy to understand explanation from Lance Roberts of Real Investment Advice on the troubles ahead. No images today... Enjoy the cast!

The ‘everything bubble’ is starting to look increasingly shakey. Last night, literally everything except platinum, which seems bullet proof at present, was sold off… everything. Even the Bitcoin rocket briefly levelled out but admittedly Ethereum surged again to new highs. Whether cause or effect, that of course included US Treasuries which saw 10yr yields rise above 1.3% and into territory that is becoming scary for this bubble. We discuss the implications. Click to view image within news. https://www.ainsliebullion.com.au/Portals/0/newsfeed/Feb%202021/19/1_%20bbg%20canary.jpg

The last couple of weeks have been extraordinary for silver, starting with the #silversqueeze movement which saw unprecedented sales of both physical silver and silver ETF shares and the accompanying massive spike of silver being delivered to the vaults backing these shares. Today we talk to the accompanying squeeze in supply and a stark warning from the world’s biggest silver ETF. It’s a must read for silver investors or those considering it. Image to graph referenced https://www.ainsliebullion.com.au/Portals/0/newsfeed/Feb%202021/17/1_%20silver%20out.jpg

The crypto market went through a “shake out” event yesterday, dropping 7% from its new record high. Despite this rapid fall, institutions seem confident about the cryptocurrency’s long-term prospects.

Another day, another record. For the first time in history the US sharemarket is valued, or more accurately*, priced, at twice the US economy measured by GDP. * Remember price is what you pay, value is what you get. Don’t get the 2 confused.

Gold rose last night despite weaker than expected inflation data out of the US which saw the USD continue its slide and bond yields dip even further as expectations of even more monetary stimulus were essentially locked in. Bonds yields dropped but the incredible news is the extent to which the junkiest of junk has reached new records. What does this portend?

Bitcoin’s price exploded last night and took most other crypto’s with it. Almost hitting US$44,000 or AU$57,000 earlier this morning, the price is sticking near that spike, still up 13% from yesterday. The reason was simple, the world’s richest man, Elon Musk, just reported that Tesla has bought $1.5 billion of Bitcoin with its cash reserves. Why? We share an excellent value proposition for Bitcoin by another Wall St legend.

Last week was one many will never forget for silver. We now have full visibility of the extent of the record inflows into ETF’s, COMEX and mutual funds and not only was it the highest on record, an eye watering 68.3 million oz, it was the highest by a margin of nearly 50%. In addition, there are no end of stories about shortages for physical silver, particularly in the US.  (we still have plenty of stock of most core items… for now.) We compare to gold and revisit the tantalising GSR setup.

The CEO of Metals Daily, Ross Norman has an unparalleled track record of winning or near winning the annual LBMA price forecasting survey, including winning it for both gold and silver last year. So what does he see for 2021? Read on…

OK, that might be a little click bait-ish… But platinum demand is increasing along with its value and it has seen cases of exhaust system catalytic converter theft booming across the US. For graphs and pictures https://www.ainsliebullion.com.au/gold-silver-bullion-news/platinum-supplies-e2-80-98exhausted-e2-80-99-/tabid/88/a/2439/default.aspx

On Monday we wrote about the WallStreetBets (WSB) reddit group orchestrating a short squeeze on the silver market. We discussed at that time the various reasons and sheer scale of the short positions in the silver market and questioned the ability of WSB to move such a big market compared to say GameStop (GME).  With hindsight now, the squeeze did indeed see prices rise significantly and now retrace over half of that gained, still up around 4% from when news broke. This has many asking ‘where to from here?’.

It's that time of year when we get the World Gold Council release their Full Year Gold Demand Trends report, this time for that year we will never forget, 2020. As it was in so many ways, the year was one of contradictions in the gold market as well. In the year we saw a new all time high price, we also saw weaker than average demand despite record demand in ETF’s over the full year.

Short news today as it’s all hands on deck here. The weekend saw unprecedented (yep the 2020 word de jour is back in 21) silver demand with both Ainslie web orders and Silver Standard (AGS) sales on CoinSpot and Bamboo literally through the roof. We discuss.

Silver surged by over 5% last night helped, it seems, in no small part by the now infamous WSB or WallStreetBets reddit group that saw the likes of GameStop shares surge by 1700% in days. Trade in our Silver Standard (AGS) silver backed tokens last night on CoinSpot was huge. So what is WSB about?

Maybe one of the best visual analogies you will see around current financial markets came via Raoul Pal recently writing for GMI’s Macro Insiders talking to Road Runner’s infamous coyote running off the cliff, legs still spinning…

The second-largest cryptocurrency by market capitalisation has been on a tear in 2021, almost doubling its price since the 1st of January. We discuss what is driving this and where it might go.

Last week saw an 8 year record high inflow of silver into ETF’s and the like. At the same time insiders are bailing out whilst their companies’ share buybacks surge again. We discuss the recurring phenomena of smart money bailing to mums and dads before a crash.

Maybe one of the biggest questions for 2021 is that of inflation. Today we share just a couple of charts that paint a very clear picture of rates and inflation expectations and gold’s historic performance mapped against that.

Yesterday’s article raised the financial concept again of Stock to Flow but dealt mainly with how it applies to Bitcoin. Today we go back and look more fully at stock to flow as it applies to gold and silver courtesy of an article penned by the infamous annual In Gold We Trust report from 2014. https://www.ainsliebullion.com.au/gold-silver-bullion-news/gold-silver-stock-to-flow/tabid/88/a/2430/default.aspx

We are currently witnessing a financial fundamentals divergence of an order never before seen. In one corner we now have both fiscal and central bank doves printing currency at unprecedented rates. On the other we have finite, low supply of monetary assets in precious metals and Bitcoin. We discuss and share why predictions of $115,000 BTC by August could be accurate. https://www.ainsliebullion.com.au/products/silver-bullion/1kg-silver-coin-2021-kookaburra-perth-mint/tabid/85/cat/2/id/240/default.aspx

Recently Bitcoin experienced a much-expected pull back. Bitcoin, over its short history, has established a trademark “dip” of 20-30% during bull markets. This price usually precedes further extraordinary gains… will it happen again?

The Silver Institute recently released a report on the burgeoning use of silver in vehicles and particularly electric vehicles (EV’s). From the report: “While highly variable across different vehicle types and markets, our research suggests a range of 0.5 to 0.9 ounces (15-28 grams) is consumed in one internal combustion engine (ICE) vehicle, with higher loadings estimated for hybrid and then electric cars. Even so this may sound extremely modest, but it is worth noting that in 2021 global light vehicle (LV) production is expected to be around 85m units (source: LMC Automotive). (While this report focuses on LVs, it is important to acknowledge the use of silver components in both motorcycles and heavy duty vehicles, although in each segment silver loadings will be far lower than in LVs.) This in turn suggests that silver auto demand this year will be in the region of 61Moz (1,900t). To offer some perspective, this compares with the forecast 98Moz (3,000t) of silver that Metals Focus expects to be consumed in the photovoltaic industry in 2021”

Markets are aflutter with the reports of a $2 trillion stimulus package to be announced tonight (US time, this morning ours) by Biden. We unpack what this means and share the sage advice of an 82 year investment legend who has seen a bubble to two… https://www.ainsliebullion.com.au/gold-silver-bullion-news/biden-e2-80-99s-242t--e2-80-9cthe-most-important-event-of-your-investing-lives-e2-80-9d/tabid/88/a/2426/default.aspx

As the World Gold Council release their latest update on global gold ETF holdings confirming 2020 saw record inflows and all time high holdings we discuss what we see as the better alternative for those looking for an easy, secure way to own gold and silver. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-better-alternative-to-gold-etf-e2-80-99s-e2-80-93-the-new-gold-standard/tabid/88/a/2425/default.aspx

One of the more successful fund managers around is thumping the table about silver right now. We share their insightful and historically accurate predictions for why silver and gold should boom from here. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-great-rotation-e2-80-93-silver-to-boom/tabid/88/a/2424/default.aspx

We discuss the spectacular gains over the holiday period and yesterday’s correction that, whilst big in ‘normal’ terms, wasn’t what many were hoping for to buy up more. What is different this time to 2017 and where to from here? https://www.ainsliebullion.com.au/gold-silver-bullion-news/bitcoin-e2-80-93-did-we-just-see-the-dip-/tabid/88/a/2423/default.aspx

Let us join the chorus of “what a year!”. However, in a year of personal hardship, there has been some great gains for investors in precious metals and crytpocurrencies and the response by governments and central banks around the world has set us up for a very bullish outlook for both. We reflect and look ahead. https://www.ainsliebullion.com.au/gold-silver-bullion-news/2020-wrap-and-2021-forecast/tabid/88/a/2420/default.aspx

Throughout its monster weekly rally, bitcoin's price set new record highs in four of the past five days, reaching the current record high of US $24,273. https://www.ainsliebullion.com.au/gold-silver-bullion-news/bitcoin-e2-80-99s-santa-rally/tabid/88/a/2419/default.aspx

We discuss how the copper to gold ratio and deficit to GDP are both signalling a further rally as gold again bounces off its 50 week moving average maintaining the bull market run that started in 2019. https://www.ainsliebullion.com.au/gold-silver-bullion-news/dr-copper-signals-gold-rally/tabid/88/a/2418/default.aspx

Today we think is a Must Read. Gold and silver had another solid night last night, up US$21 (1.1%) and US$0.68 (2.7%) respectively as Bitcoin smashed through $23K and the USD fell to an 80 handle for the first time since April 2018. We look at the journey for both since then and why gold presents such a clear each way bet for what looks like a looming proverbial ‘end of the road’ for this well kicked ‘can’… https://www.ainsliebullion.com.au/gold-silver-bullion-news/end-of-the-road-e2-80-93-steins-law/tabid/88/a/2417/default.aspx

As we write this Bitcoin has just smashed through the all-time high, up over 10% and through US$21K as well. Silver jumped 3.2% overnight, up over $1 and gold firmed as well. What do all these have in common? They are hard assets that will thrive in a world of central bank and government currency debasing stimulus and the inevitable inflation to follow. Today we look at last night’s Fed meeting and a Fed research report that says they are looking at the wrong data for inflation and that it is coming fast. https://www.ainsliebullion.com.au/gold-silver-bullion-news/inflation-e2-80-93-the-e2-80-9cbig-theme-for-2021-e2-80-9d-09/tabid/88/a/2416/default.aspx

Deutsche Bank released their latest survey of fund managers with what was their biggest response yet, some 984 respondents. Despite the ‘everything’s awesome’ euphoria in markets today (another strong night on Wall St last night), COVID-19 stands as the biggest risk to fund managers, the theme taking out the top 3 positions of the survey, and the next 4 are immensely bullish for gold and silver as well. We discuss. https://www.ainsliebullion.com.au/gold-silver-bullion-news/what-is-worrying-wall-street-/tabid/88/a/2415/default.aspx

Bitcoin is coming to the end of one of the biggest years in its short history. The bitcoin price has surged through 2020, reclaiming its 2017 all-time highs after finding support from Wall Street and some of the world's biggest investors. https://www.ainsliebullion.com.au/gold-silver-bullion-news/even-more-billionaires-looking-at-bitcoin/tabid/88/a/2414/default.aspx

Jim Rickards’ latest outlook for gold looks at the reasons for the recent correction and also why and where he thinks it will go from here (spoiler alert, much higher). We know readers love him, so we summarise for a quick take and provide it in full too. Full article: https://www.ainsliebullion.com.au/gold-silver-bullion-news/rickards-on-why-gold-is-ready-to-rumble/tabid/88/a/2413/default.aspx

Today we discuss the rising AUD, what is driving it, the overnight increase and extension of stimulus from the ECB and the dangerous new ‘Japanifcation’ territory that takes Euro bonds.

We have presented warning after warning of the risk of a major correction or crash in sharemarkets at near all time record valuations amid an economic environment that in no way supports that. ‘Bad is good’ via stimulus fuelled markets is sadly a reality. However the complacency surrounding this set up is borne not just of a belief the Fed and other central banks will, at best, continue to fuel and, at worst, come to the rescue, but also of a lack of appreciation of the contagion such a sharemarket crash could present.

This would have to be one of the most common questions investors have asked this last year. Shares are at record high valuations despite a recession, bonds are all sky high and for the same reason bonds aren’t yielding, you can’t get any interest on your money in a bank either. We look at where gold and silver sit in this market and how they appear to be one of the few undervalued assets to buy.

Bitcoin hit an all-time high of $27,111 last week. Surging interest in the digital token brought its year-to-date gain to 177%. The last record was set in December 2017 when its price reached $27,000. Having slightly pulled back in the last few days, what does the future hold for bitcoin?

Often the forgotten precious metal, the investment set up for platinum is one that is deserving of more attention. The latest quarterly report from the World Platinum Investment Council outlines this bullish setup. We first step back and look what has happened in platinum, its PGM brother palladium and gold since 2013 and then summarise the bullish setup evident from the latest WPIC report.

This recession, and the journey out of it, is increasingly being referred to as a K shape as many acknowledge the V just isn’t happening for many. The K is also playing out in investors expectations as well. Normally shares and precious metals tend to be uncorrelated and indeed often negatively correlated. Last night again saw both shares and precious metals surge together though. We discuss why.

Bitcoin today must appear as something of a dilemma to the more cautious investor. Out of nowhere, it has exploded onto the scene, and in a decade has gone from strength to strength. And yet it seems so volatile as to defy any standard of valuation with which investors might feel they better understand it – they’re more often than not left wondering if it’s just a super speculative bubble. Though no doubt it has appeared to be that at times, and especially on the lengthy corrections. However, there is a rational and real trend that underlies these appearances. If we understand these, it will be able to provide a rationale by which the more cautious investor might start gaining some exposure to this asset class. https://www.ainsliebullion.com.au/gold-silver-bullion-news/bitcoin-e2-80-93-a-currency-and-asset/tabid/88/a/2404/default.aspx

Gordon Gecko declared “greed is good” and certainly at the moment blind greed is going well. We look at the sheer quantum of cash to come from ex Fed chair Yellen’s new gig as Treasury Secretary and the stash Trump never got to spend, and current Fed chair Powell’s QE program. We also look at the key difference between this gold correction and that in March. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-yellen-powell-cash-tsunami/tabid/88/a/2403/default.aspx

We are in extraordinary times right now. That is not an unusual statement to hear this year but it is now made for very different reasons. In financial terms, the word unprecedented has been oft used but almost exclusively in the negative context. Biggest recession, biggest money printing program, biggest deficits, lowest interest rates, etc have been the norm. However the times have more recently turned to some unprecedented ‘positive’ news – like Dow breaches 30,000, Wall St at all time highs, biggest GDP jump, best November on record, etc. These seem incongruous at best and outright baffling to most. Whilst yes the news is awash with vaccines and smooth US presidential transitions, these are not silver bullets to a much larger problem. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-2021-global-financial-experiment/tabid/88/a/2400/default.aspx

News headlines are heralding the new all time high reached in the Dow Jones Industrial Average last night breaching 30,000. Vaccines and a seamless transition to Biden are grabbing the “everything’s awesome” trade with gusto with nary a word around that maybe, just maybe, 30,000 was reached on the back of unprecedented amounts of monetary stimulus. We look at the fundamentals behind the stimulus momentum trade and the challenges and opportunities ahead. https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-9cyou-can-e2-80-99t-have-your-cake-and-eat-it-e2-80-9d/tabid/88/a/2399/default.aspx

There’s no denying that Bitcoin has been the dominant force for the latter part of 2020. Large-cap cryptocurrencies such as ETH, XRP, BCH, LTC, and LINK delivered relatively modest gains in October, but have failed to break new highs as trading activity shifted away to Bitcoin. For many months, altcoins have been the key driver of returns for crypto traders. The usual rotation of BTC to Alt-coins looks ready to go with ETH2.0 next week possibly the catalyst. https://www.ainsliebullion.com.au/gold-silver-bullion-news/alt-coin-market-e2-80-93-ready-for-take-off/tabid/88/a/2398/default.aspx

As gold has tracked sideways for the last few months Bitcoin has been grabbing attention since it started taking off last month with the weekend seeing it a whisker off taking its December 2017 all-time high of US$20,000, sitting at US$18,500 at the time of writing. Since hitting its all time high of US$2060 in August this year, gold has come off slightly and held strong above $1850 since. But reports from 2 of the biggest banks in the US warn that both may well be the place to be as we change for “uber Goldilocks” to “Hedging Goldilocks”… https://www.ainsliebullion.com.au/gold-silver-bullion-news/big-gold-outflows-big-bitcoin-gains-e2-80-93-e2-80-9chedging-goldilocks-e2-80-9d/tabid/88/a/2397/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/vaccines-don-e2-80-99t-cure-debt/tabid/88/a/2396/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/silver-poised-to-surge-e2-80-93-and-so-too-ethereum/tabid/88/a/2395/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/smart-money-is-taking-cover/tabid/88/a/2394/default.aspx

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. Read full article. 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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/indian-demand-for-gold-and-gold-loans/tabid/88/a/2392/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/us-stimulus-vaccine-delays-e2-80-93-is-it-too-late-/tabid/88/a/2391/default.aspx

“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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/wef-e2-80-99s-e2-80-9cthe-great-reset-e2-80-9d-ok-by-senate/tabid/88/a/2390/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-best-investment-of-the-year/tabid/88/a/2389/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/perspective-is-everything/tabid/88/a/2388/default.aspx

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. Full article to read: https://www.ainsliebullion.com.au/gold-silver-bullion-news/3-charts-every-investor-should-heed-/tabid/88/a/2387/default.aspx

Maybe one of the safer bets today outside the Cup is the RBA lowering interest rates and commencing Quantitative Easing. This move puts us into territory never before seen in this country. Enjoy today's news.

You may or may not be aware of a little election taking place tomorrow. The last saw a wild whipsawing of markets including gold. Whilst that was a ‘shock’ win, with the majority now believing Biden will win this time, there is a very real risk of Trump bringing home another shock win. That means the market has likely priced in one scenario when another is very possible. There is also the issue of a protracted legal battle and/or broadscale civil unrest and further social dislocation. This election, maybe more than the last, could see heightened volatility in markets as the news unfolds. We discuss the implications including what each potential administration may mean for gold.

View charts and article, shop bullion: https://www.ainsliebullion.com.au/gold-silver-bullion-news/buy-the-dip-buy-real/tabid/88/a/2380/default.aspx Last night was a repeat of what we have seen before when markets panic, volatility spikes, shares crash, margin calls occur and everyone liquidates EVERYTHING.  Wall Street fell 3.5% across all indices last night, silver was down 6% (3.5% in AUD), gold 2% (0.6% in AUD) and Bitcoin 3%.  The only thing with green was of course the USD as everyone went to cash.  That pushed our AUD down to 70.4c and cushioned the bullion blow.  Whilst gold, silver and Bitcoin are clearly in secular bull markets, we are reminded that they are called bulls and not caterpillars for a reason… they buck. It was timely therefore to come across a very recent interview with the legendary Kiril Sokoloff, founder of 13D Global Strategy & Research who talks to why gold is his key investment, why buy physical and why dips like last night are expected and should be bough.

Last week Raoul Pal of Macro Insider released a deep dive further explaining why he is “irresponsibly long” Bitcoin. Pal, an ex Wall St fund manager and respected voice not only in the Bitcoin space, completed the trade of the decade when he called the bond rally before it started on similar macro grounds.  He has more recently been vocal in his rotation from bonds to gold and bitcoin based on this unprecedented macro setup we find ourselves in. In his report he highlights key fundamentals: The slow build Immutability When macro and crypto collide Priceless reserve asset Bitcoin being pristine A yield curve Pal also debunks a lot of the primary criticisms of bitcoin and the technology supporting the crypto movement. Pal has a lot to say about crypto and bitcoin and it’s all well thought out and backed up. Read on to get some insight into why he believes bitcoin to be “The World’s Best Trade”: View article, shop bullion: The World’s Biggest Trade More from Ainslie. . . https://goldsilverstandard.com/ https://ainsliewealth.com.au/

Recently the head of the IMF, Kristalina Georgieva, delivered a speech that pricked the ears of those actually listening titled “A New Bretton Woods Moment”. That this was delivered nearly 50 years after Nixon ended the gold peg of the Bretton Woods agreement has not been lost on some. Today we share insights into what happened before Bretton Woods and how that may be instructive on ‘where to from here?’. View article, shop bullion: IMF & WEF Call For Global Reset - “A New Bretton Woods Moment” More from Ainslie. . . https://goldsilverstandard.com/ https://ainsliewealth.com.au/

Today we discuss the reasons for the stubbornly high AUD, why that looks about to change, how the RBA just jumped to second biggest ‘printer’ in the developed world, how they have justified it, and how it hasn’t even really started yet… View article and chart, shop bullion: Australia Joins Money Printing Party with a Bang

Fiat currency as we know it is under attack. We wrote to the advent of Central Bank Digital Currencies (CBDC’s) recently here including the opportunities but also some of the threats they present. Last night we saw the announcement by the world’s biggest payment provider, PayPal that they will now facilitate cryptocurrency transactions. We discuss the implications of both on precious metals and cryptocurrencies alike. View charts and article, shop bullion: PayPal & CBDC’s – Listen Carefully

John Hathaway needs little introduction to long term gold participants. He is a highly regarded analyst who until this year penned excellent analysis of gold markets for Tocqueville Asset Management. He is now with Sprott Asset Management and recently penned “Gold, The Simple Math”. We share some key excerpts from this excellent summary of the compelling reason to be buying gold right now. View article and charts, shop bullion: “Gold, The Simple Math” - Hathaway

Raoul Pal, the former Goldman Sachs hedge-fund manager who founded Real Vision, and a personal favourite of ours, believes the price of Bitcoin will hit $US1 million in five years. We discuss his and other learned views about where this digital store of value is headed and why.

Today we simply share 2 charts that tell the very simple and compelling story that is the gold investment case. Cut through all the noise and economic rationalisations amid this pandemic and Blind Freddy should be able to do the math on this. View article and charts, shop bullion: 2 Charts That Can’t Be Ignored

Part of the dilemma for many investors right now is ‘where is safe to put my money’. Whilst some may be feeling like gold and silver are ‘getting up there’ after the rally this year, the reality is when measured against the biggest ‘other choice’, they are only just coming off an historical bottom. We present and discuss. View article and charts, shop bullion: Precious Metal & Bitcoin Bulls Just Beginning

Earlier this week we shared that excellent infographic part of which showed that silver use in photovoltaics accounts for around 10% of total silver demand. Demand and indeed investment in the PV sector is getting stronger on the back of the likes of the EU green targeted stimulus and the growing prospect of Biden winning the presidency and his clearly articulated green energy agenda. Today we look more closely at the huge inflows into the space and what that means for silver. View article and charts, shop bullion: Solar Demand for Silver Surges

The World Gold Council have just released their latest update for gold inflows to ETF’s for September which are remarkable in the context of the price falls we have seen over that period but also another new record. We also discuss Gold & Silver Standard as a better alternative to ETFs. View article and charts, shop bullion: Another New 2020 Record – Over 1000 Tonne Into ETFs

For years Australia has been ranked 1 or 2 in the world’s most indebted households. Conversely our government debt has been one of the lowest. 2020 would mark the year that household debt eased and government debt exploded however changes to lending laws and yet more stimulus for new housing (together with a record deficit funded rescue package) might see both end the year on a ‘high’. View article and charts, shop bullion: Australia Doubling Down on Debt

A lot of crypto investors like to think of bitcoin as a bet on higher inflation, or as a futuristic hedge against a worst-case scenario – standing next to gold. View chart and article, shop bullion: Bitcoin – The Best Macro Asset of 2020

View article and charts, shop bullion: https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-9cmonstrous-e2-80-9d-numbers-portend-global-unwinding/tabid/88/a/2359/default.aspx Doug Noland has been mapping this credit super-cycle in his weekly Credit Bubble Bulletin for 20 years.  When he says the latest data from the US Fed is the “most troubling data I’ve encountered in my 20 years” we feel compelled to share.  This very much feels like the death throes of the debt super cycle Dalio wrote of earlier this year.

The building pressure on governments to unleash fiscal spending in the face of not just the deflationary effects of the pandemic but also of technology, demographics and debt is enormous. Amid all the talk of inflation now, this is missing the seemingly unavoidable deflationary period that precedes, and indeed the reaction to which, causes it. We discuss these forces and where it all leads. View article and charts, shop bullion: Deflation to Inflation & Gold

A CBDC is a Central Bank Digital Currency. It is a digital form of fiat currency which the government or central bank has established. The Bank of England, for example, has referred to CBDC’s as a “digital banknote” instead of a psychical banknote.  We look at the mechanics and implications of what looks certain to be our future.

News is filtering through that the Fed may have stepped back from the plate and markets got very jittery last week. Today we share the latest excellent insights from Crescat, whose investment insight just saw them get make the top of Bloomberg’s hedge fund monthly performance table for the third straight month and the fourth month this year. i.e. they are worth listing too. They believe we are still in the early days of a secular bull market in gold and silver and this correction is an ideal dip buying opportunity. View charts and article, shop bullion: 6 Forces to “Propel” Gold & Silver

Today we present and discuss a series of charts from Roy Morgan Research presenting the economic impacts on Australia since the pandemic. First we discuss last night’s market action and why CitiBank believe gold is about to explode higher and such dips as now are buying opportunities. View charts and article, shop bullion: Australia’s 2020 Economic Journey in Charts

Nearly 2 years after we first reported it here, JP Morgan finally look set to pay for the manipulation of precious metals markets for their benefit with a $1b fine. We discuss and talk to the big drops in gold and silver these last few days. View article, shop bullion: $1b Fine for JP Morgan Manipulation of Precious Metals

In a world where news often comes in small byte headlines one could be deceived into thinking things are better than they are without a little critical thought or at least a deeper dive in to the story. Case in point “US Household Wealth Hits Record High” that we saw yesterday. Talk about a V shaped recovery! But… View article and charts, shop bullion: The Truth Behind “Highest Household Wealth”

As banks struggle in the post-COVID world, bitcoin and cryptocurrencies have seen a pandemic-led acceleration of adoption, which experts expect to snowball in size as we continue through the current state of the economy. View article, shop bullion: COVID – Killing Banks, Boosting Bitcoin

Forecasts are that Australia will not see a recovery in jobs or GDP until 2023, and that relies on a continuation of near zero interest rates and fiscal stimulus. Last night the US Fed projected zero rates and stimulus for a similar period. We discuss the latest research and the unknown road ahead. View article and charts, shop bullion: No Recovery Until 2023

After this recent Wall St correction the futures markets are telling us the herd are now bullish again with short interest on the NYSE falling sharply. We discuss the risks inherent in this next leg and the math everyone should be doing. View article and charts, shop bullion: Math, Risk and Return of Capital Gold & Silver Standard from Ainslie

Decentralised finance, or DeFi, aims to give users an alternative by removing the need to trust centralised parties and traditional financial institutions by opening its doors to the world. This is achieved by building digital services in an open, permissionless, and decentralised manner. We compare the old and new worlds. View charts and article, shop bullion: DeFi – Undoubtedly the Future

Bank of America just spoke to all time high fragility in markets before last week’s sharemarket corrections, particularly the tech heavy NASDAQ. We talk to this and the ‘concentration within the concentration’ that should have investors looking for some financial bubble wrap amid such fragility. View article and charts, shop bullion: “All Time High Fragility” – Handle with Care

More heavy losses on Wall Street last night signal we could well be in the terminal throes of the “Hope Phase”. We discuss what follows, how it compares to the last recession of this magnitude, The Great Depression, what happened then and what is likely to happen now. View Charts and article, shop bullion: Insolvency Phase – Now v Great Depression – How This Ends

When asked why gold and silver have intrinsic value the answer is ultimately about how rare it is and the fact that it can’t simply be expanded at whim like Fiat currency can, and currently is being expanded. Today we look silver supply, how much is ‘lost’ and why that could be good news. View Article & Charts, Shop Bullion: Lost Silver – Why that’s good!

Last night saw the US share market fall sharply with the NASDAQ down 6% at one stage before finishing down nearly 5%. The S&P500 was down 3.5% and Dow down 2.8%. In USD gold was down 0.6% and silver 3.5%, only the falling AUD saw that change to +0.3% and -2.2% respectively. Cryptos were clubbed across the board including BTC below $US10,500 and ETH back below US$400 at one stage. And against the whole ‘USD is dead’ crowded trade, it maintained its upward trajectory from its low on Monday. We outline the case for a strong USD and what that means for markets and gold. View article and charts, shop bullion: USD to Rise or Fall? The Debate Rages, Gold Wins

Yesterday Australia plunged to its worst GDP fall on record and officially entering its first recession in 29 years. Nothing speaks to the insanity of markets more than the fact that Aussie shares rallied solidly. Overnight the US sharemarket hit an important historic milestone. We discuss both and why the 2 are bedfellows. View charts and article, shop bullion: US Stocks Have COVID & Our Immunity is in Recession

Bitcoin traders have found fresh confidence in bitcoin's prospects this year, with several high-profile investors and some of the biggest Wall Street giants giving bitcoin their backing - all the result of a maturing market. The bitcoin price, up around 30% on the last six months, has been identified as a potential hedge against inflation by experts, similar to gold—and the Winklevoss twins, who founded of the New York-based Gemini cryptocurrency exchange, use bitcoin's similarities to gold to give it a value of $500,000 per bitcoin, up 45-fold from today. View article and chart, shop bullion: Crypto Market Data Supports Bull Trend

Emotion and investment are very hard to separate and yet they should have no common ground in the quest for preserving and growing your wealth. The best investors are those who can stick to a well considered plan, adjusting on changes in fundamentals not on FOMO (fear of missing out) or TTID (this time is different). An alternative is simply not to try and understand the ‘best timing’ but to average your way in on regular set times irrespective of what is happening in the market. We discuss DCA and share some exciting news on the perfect platform to do it on. View article and charts, shop bullion / coin at Ainslie: Dollar Cost Averaging & Bamboo

Any talk of gold having had its run looks to be missing the fact that the fundamental drivers for its rally are still firmly in play and in most cases increasing. Crescat Capital have just released their latest investor update titled “A New Bull Market for Precious Metals”. They are forthrightly now saying sell ‘richly valued’ shares and buy ‘undervalued’ gold and silver giving 14 compelling reasons why. View charts and article, shop bullion and coin: New Bull Market for Precious Metals – Crescat Capital

James (Jim) Rickards needs little introduction. His latest piece for The Daily Reckoning is an excellent ‘bigger picture’ look at gold and particularly after last night’s Fed announcement which was almost exactly what we reported yesterday. View article, shop bullion on Ainslie: Central Banks Driving Gold – Rickards

Few are looking at the current sharemarket and saying ‘that makes sense’. However that is not stopping people buying in at these levels purely on a thesis of momentum and central bank support. The herd is alive and well and playing the casino that is current markets somehow thinking the house has their back. We look at the fundamentals of central bank stimulus and valuations. View Charts and Article, Shop Bullion: FOMO v Valuation Reality in the Casino

Last week the S&P500 broke not just a new all-time high but also the record for the quickest recovery from a ‘technical’ bear market, doing so in just 110 days. We put technical in inverted commas for a good reason and discuss today why March was just a correction, not the overdue ‘big one’. View article and charts, shop bullion: March Was Just a Correction – Why We Haven’t Seen the Crash Yet Gold and Silver Standard

Ainslie Wealth is excited to announce a new crypto offering – Chainlink (LINK). Chainlink is the hottest coin in the crypto space at the moment. Since the start of the year, LINK has been on fire, gaining over 800% and rocketing its way into the top 5 largest cryptocurrencies (by market cap). So, what is Chainlink and what is the hype all about? View article and charts, shop bullion: Chainlink Up 800% & Now Available at Ainslie Shop Crypto: LINK on Ainslie Wealth

Last night the Fed released the minutes of its last meeting and the market reaction was harsh. Basically everything sold off barring the USD. Gold and silver were the worst hit, down 3.2% and 4.2% respectively. So what did they say to cause this reaction? https://www.ainsliebullion.com.au/gold-silver-bullion-news/we-want-moar-e2-80-93-fed-spoils-party/tabid/88/a/2328/default.aspx

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. View article and charts, shop bullion: Record US Corporate Debt & Buybacks

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. View source article, shop bullion and coins: Wall Street Titans Turn to Gold

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. View charts and article, shop bullion: Silver & Gold Smashed And Why it Doesn’t Matter

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. View charts and article, shop bullion: 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. View charts and article, shop bullion: 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. View chart and article, shop bullion: Investors Flocking To BTC As Inflation Hedge

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. View charts and article, shop bullion: USD Fall & “The Structural Shift” View source articles mentioned: Equities and Bonds Markets Compared to Gold and Silver Rise and fall of Empires Long Term Debt Cycles

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. Today we discuss the record GDP slump in the US and Macquarie’s huge call yesterday of a 15-30% crash in Aussie property. View charts and article, shop bullion: Property Crash Predicted

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

Despite gold hitting an all-time high yesterday, the world’s pre-eminent investment bank, Goldman Sachs, has just again upped their price forecast for both gold and silver “the currency of last resort”, stating "with more downside expected in US real interest rates we are once again reiterating our long gold recommendation from March and are raising our 12-month gold and silver price forecasts to $2300/oz and $30/oz respectively from $2000/oz and $22/oz." It all comes down to debasement and inflation as we present their case. View charts and article, shop bullion: Goldman Sachs Raise Gold & Silver Forecast for “the currency of last resort”

Last month COMEX, the largest gold futures exchange in the world, saw an all-time record 5.5m oz or 170 tonne of gold physically delivered when the ‘norm’ is around just 100-500oz. Silver deposited into depositories, ETFs and funds just hit another new all time weekly record. Demand is exploding at a time that COVID-19 is restricting supply. We discuss why and present an info graphic on how this all works amid COVID-10 restrictions. View today's charts and article, shop bullion: RECORD DELIVERY. SUPPLY-DEMAND COLLISION Support articles referenced in this podcast: GLOBAL RACE FOR PHYSICAL GOLD UNCOUPLES FROM PAPER FOOLS GOLD

Pictures paint a thousand words so today we succinctly present 7 charts laying out the value proposition for both gold and silver right now. View charts and article, shop bullion: 7 Must See Charts for Gold & Silver

After another very strong night in the northern hemisphere last night gold, at US$1872 is just $30 off its all time high of US$1900 whilst silver smashed through $23 to a 7 year high but still less than half its US$48 high in 2011 and the GSR sits at 81. In Aussie terms gold is back above $2600 and now $120 off the $2745 all-time high in March this year and silver at $32.40 is more than $10 off its 2011 high. We discuss what is driving this surge now. https://www.ainsliebullion.com.au/gold-silver-bullion-news/why-are-gold-and-silver-surging-/tabid/88/a/2309/default.aspx

You may at first be a little confused this morning. The news is spruiking gold shooting higher last night and of course silver like a rocket, up $23.70 (1.3%) to $1843 and $1.43 (7.2%!) to $21.32 respectively. However in AUD gold is this morning down $9 or 0.35% and silver up $1.55 or 5.5% respectively. You can say thanks to the EU and our RBA respectively that you get to buy at comparatively suppressed prices before the inevitable fall.  We discuss and look at other drivers behind this metal rally. Spoiler alert, by the end of the article silver jumped nearly 5% higher again! View full article and charts, shop bullion: Silver Explodes, Gold Surges, AUD Puts “For Sale” Sign Up

Another week and another massive inflow of silver into ETF’s, some 19,230,000 oz or nearly 600 tonne in just one week.  We also reveal Perth Mint’s latest figures, the bigger picture behind them, and discuss the premiums right now. View article and charts, shop bullion and coins: Silver Demand Continues to Surge

Few people in the Australian finance industry are respected more than Hamish Doulass, founder and chairman of Magellan Financial Group with nearly $100 billion of funds under management, and their listed entity in the top 40 of the ASX200. In an insightful and honest investor letter he addresses the economic “known unknowns” abounding today and how their funds are handling them. View this article or shop bullion: Magellan Warns of “Known Unknowns”

Love them or loath them, you wouldn’t want to be a bank right now. Stuck between a rock and a hard place they have balance sheets asymmetrically exposed to Aussie property prices at a time when the majority of property analysts are forecasting sizeable price declines, unemployment is over 13% and the country’s central bank, the RBA just described the current situation as "the biggest contraction since the 1930s". We discuss their bad loan provisioning after shocking data from the US last night. View source article and charts on Ainslie: No Longer “Safe as a Bank” – When The Safety Net Is Removed

Samsung, the South Korean smartphone giant that has been experimenting with bitcoin for some time, is doubling down on cryptocurrency. https://www.ainsliebullion.com.au/gold-silver-bullion-news/the-blockchain-phone-era/tabid/88/a/2302/default.aspx

Today’s article is a must read. We don’t say that often. We look at the current set up for silver that looks very much like that of 1979 and 2008 from which it launched ahead of gold with 400-800% gains. Whilst gold bottomed in late 2015, it is now looking like silver’s 9 year bear market ended in March. We first share the Silver Institute’s first half yearly interim report on demand and supply as well. Full article and charts: Silver’s Next Bull Market Appears In

If we all had hindsight beforehand we’d be incredibly rich. The saying that no one rings a bell at the top of the market is an oft repeated one after the top has passed and to be frank, most aren’t even listening at the top regardless. There is always a self-reinforcing narrative to say this time is different. Today we take lessons of hindsight from the last bubble of this magnitude, the dot.com bubble and seek guidance from the economic oracle of truth… https://www.ainsliebullion.com.au/gold-silver-bullion-news/-e2-80-9cwhat-was-i-thinking-e2-80-9d-hindsight-v-reading-the-e2-80-9ctruth-e2-80-9d/tabid/88/a/2300/default.aspx

About a year ago, Facebook announced it would create a global digital currency called "Libra" to help the billions of people around the world who lacked access to basic financial services. We revisit its progress and why the promise has failed. Read the source article here: Libra's Underwhelming Progress

Last week saw an important new record for silver investment. Last week saw the highest ever inflows of silver into depositories holding metal for ETF’s and mutual funds etc. No less than 32,668,000oz of silver was deposited to back up these paper promises. However we look behind the demand headline at the equally alluring supply side of the equation. View charts and the full article here: Record Silver Inflows Tell only Part of the Story

When we talk about bull markets and bear markets we often get swept up in the present without stepping back and looking at the bigger picture. In this sense we tend to look at cyclical market trends as opposed to secular, derived from the Latin word for long term. Today we present some fascinating charts from 1871, where we may be sitting right now, and where this possibly ends. Link to full Article with Charts / Graphs: Secular Bear Market - Is this the start? Recession or Depression?

Much has been written about the trading platform Robinhood and its users, with some even calling this sharemarket rally the Robinhood Rally. We discuss the platform, its users, and why it could well be a large catalyst fuelling the gold, silver and bitcoin rallies. https://www.ainsliebullion.com.au/gold-silver-bullion-news/why-robinhood-could-fuel-the-next-gold-and-crypto-rally/tabid/88/a/2294/default.aspx

And so ends another financial year. Likely one we will never forget and unfortunately FY21 is looking to be equally eventful. We review the stats... Link to full article and charts

Fintech titan PayPal intends to roll out direct trades of cryptocurrency to its 325 million users as institutional FOMO sets in. Currently, PayPal’s only involvement in the crypto ecosystem is that it can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, one of the world’s largest, but this would be a first in terms of offering direct sales of crypto. View source article here

The world just passed 2 bleak milestones in this pandemic, passing 10 million cases and 500,000 deaths. The feeling of this being ‘over’ is quickly passing as even domestically the surge in cases in Victoria highlight the dangers of relaxing. Today we look at the ‘no shutdown’ response of Sweden and Brazil and the implications of the coming US election. View Full Article and Charts >

Changing it up today we are passing on a well spelt out argument for record high gold in the second half of this year. Eddie van der Walt is editor and commentator at Bloomberg for global financial markets with his focus on commodities. He just wrote an article laying out the case for $2000 gold before year end. You can find the charts in the article here https://www.ainsliebullion.com.au/gold-silver-bullion-news/why-gold-will-hit-242000-by-year-end/tabid/88/a/2290/default.aspx

Unless you’ve been under a rock lately you may have gleaned that the US sharemarket surge has been reputedly based on the Fed’s stimulus rather than fundamentals.  Last week the Fed quietly reduced its balance sheet for the first time since their unprecedented response to the pandemic.  However they appear to be angling toward consumption supporting companies and not asset inflating banks.  Goldman Sachs have significantly increased their gold and silver forecasts and the 2 moves appear related.  We discuss. https://www.ainsliebullion.com.au/gold-silver-bullion-news/goldman-e2-80-99s-up-gold-silver-forecast-as-fed-quietly-eases/tabid/88/a/2286/default.aspx

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. https://www.ainsliebullion.com.au/gold-silver-bullion-news/australia-e2-80-99s-property-e2-80-9ctime-bomb-e2-80-9d-at-the-cliff/tabid/88/a/2285/default.aspx

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.

America is burning, in deep recession, sabre rattling with China escalates, 40m unemployed, earnings falling and yet US shares continue to rise. Whilst the answer from many is ‘don’t fight the Fed’, play the casino, it fundamentally makes no sense. Unless of course you look at Pavlov’s Theory. We look at where we’re at and how we got there.

The Aussie dollar this morning nudged 69c for the first time since January this year from where it plunged to a 57c handle in March. At that time everything and everyone piled into the USD and Australia was thought to fair comparatively badly from the virus given our AUD is a proxy for commodities and China. So why are we back up here and will it last?

JPMorgan's turbulent relationship with bitcoin appears to be rapidly softening after the bank added its first crypto exchange customers and Dimon reportedly hosted secret meetings with the boss of major bitcoin and crypto exchange, Coinbase.

As humans we can become desensitised to extraordinary events when we get used to bad before it goes to worse. Part of the process is not stopping and taking stock of what these incredible numbers that quantify ‘bad’ actually look like in context. Today we discuss and share the latest excellent info graphic courtesy of Visual Capitalist.

The eagerly anticipated annual “In Gold We Trust Report” by Incrementum is arguably the most widely respected publication relating to gold.  This mammoth piece, 93 pages in the compact version or 356 pages in the extended version is certainly worth the read over the weekend if you have the time (links provided).  Today however we will just present the Introduction as today’s article.  Enjoy.

The race to inflate took a giant leap forward in the last couple of days with the European Union and Japan announcing massive monetary stimulus programs in the face of the worst recession in memory. It was less than a week ago that we saw the Bank of America release a report quantifying the global central bank monetisation at nearly $2.4 billion every hour for the last 2 months. This takes that to a whole new level.

DeFi – short for Decentralised Finance - is one of the hottest topics in the crypto space. Let’s take a closer look at what DeFi is and how it works.

Real Vision’s Raoul Pal every now and then drops a Twitter thread that can capture so much in so little and we feel compelled to share. He outlines his USD playbook, how that is a win either way for gold and bitcoin and we look at his call that June could well be the end of the Hope phase.

Today we walk you through the incredible amount of ‘money’ created in the US in just a couple of months compared to gold and silver. Interestingly we go beyond the digitally created money and look too at US dollar bills compared to annual production. These are a fascinating and enlightening set of charts.

Carrying on from Wednesday’s discussion on how we get out of all this debt, today we continue with a different take on the default option, the latest on the economic setup supporting that, and how that plays out.

A large tailwind for gold, silver and bitcoin at the moment is the massive amount of debt being added to the massive amount of debt added since the GFC which was caused by a massive amount of debt. Spoiler alert, today we are going to talk a bit about debt. We look at the 3 traditional tools to reduce it, UBS’s view that strong inflation is not one of them, and where gold silver and bitcoin fit in the equation.

This week we look further into our most recent trade for our Ethereum Price in AUD, which is currently outperforming the market by over 57%. We also investigate the reasons for the Aussie Dollar’s decline over the last few weeks and why the AI has recently changed to recommend buying. Visit ai.ainsliewealth.com.au for more information and to subscribe to our signals.

This week we discuss the AI’s performance in the Bitcoin and XRP pairs and how Facebook’s proposed Libra currency is playing a significant role in the movements of the crypto market as a whole. We also touch on trading our traditional pairs vs trading our crypto pairs. Subscribe to Ainslie Intelligence - ai.ainsliewealth.com.au

Watch this week's analysis of our trading signal pairs.  The AUD/USD pair continues its great run, our Crude Oil/USD pair is now sitting at a 53.6% return since inception. Also see insight into how our trading signals are best implemented. Sign up for your 2 week money back guarantee. https://ai.ainsliewealth.com.au 

Our EUR/USD pair enjoys a 6% gain, Silver Signals continue to perform and our Best performing signal ETH/USD continues to wow. Watch today's AI signals update and subscribe to see our regular weekly updates. Subscribe to our AI signals and outperform the market - https://ai.ainsliewealth.com.au Signals for precious metals, crypto, currencies and commodities.

Our EUR and USD pair prediction performs well, and our Silver/AUD pair picks a small downwards cycle perfectly. Watch today's recap on the week that's been in our AI trading. Learn more about Ainslie Intelligence - visit our website ai.ainsliewealth.com.au 

AUD gains, BTC bounces around and Gold holds around its key resistance points. Enjoy the week's analysis of our Ainslie Intelligence trading signal software.   Subscribe and receive daily trading signals - ai.ainsliewealth.com.au

ETH enjoys huge gains. BTC continues upwards after breaking through the 10,000USD resistance. Gold and Silver continue their upwards trend and we discuss the Gold and Silver Standard, a new way to purchase real gold and silver, while giving you access to the crypto economy at the same time. Learn more at https://ai.ainsliewealth.com.au

Tune in for this week's analysis of our AI trading signals software.

Tune in to this week's AI digest.

Weekly Analysis of our AI software.

Ainslie Intelligence this week analyses recent rebounds in the cryptocurrency market and the success we had in predicting these trades.

Last week was the most successful since the beginning of 2019 for cryptos with the aggregate market cap of the digital assets increasing by 24%. The AI was able to capitalise on these large movements on the majority of our crypto trading pairs and is evaluating strategies to lock in gains, or enter new positions on pairs that missed the surge. Although Bitcoin was the first to move, other cryptocurrencies took up the momentum forming their unique recovery paths. We saw ETHUSD increase by 22%, XRP by 17%, among similar gains from other cryptos. BTC/USD near-term price action is well supported by an ascending trend line. The big psychological target of $5000 USD is likely to act as the new bottom.

Check out this weeks review of our performance indicators.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Check out this weeks review of our performance indicators.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Our AI continues to perform. Check out this weeks review of our performance indicators.   You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Our AI continues to perform. Check out this weeks review of our performance indicators.   You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Our AI continues to perform. Check out this weeks review of our performance indicators.   You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Our AI continues to perform. Check out this weeks review of our performance indicators.   You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Our AI continues to perform. Check out this weeks review of our performance indicators.   You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things.  Also follow our YouTube channel to keep up with our AI, our gold, silver and crypto news and innovation.  Happy (and safe) Trading!

Today Ainslie is proud to launch an exciting new way to invest in gold and silver. Gold Standard and Silver Standard are fully backed gold and silver tokens available right now for sale. These tokens seamlessly and securely combine real physical gold and silver bullion with blockchain technology and convenience. 

Our AI continues to perform. Check out this weeks review of our performance indicators.  You can join the AI trading revolution and enjoy 2 weeks for free through ai.ainsliewealth.com.au  No credit card required, just 2 weeks to see how we do things. Also follow our Anchor channel  to keep up with our AI, our gold, silver and crypto news and innovation. Happy (and safe) Trading!

The best performing trade of the week has been the gold to silver ratio. The AI entered a near perfect buy position on the 8th of January. As of the 20th, that position is up 1.6%. If you were to place a buy on the GSR in mid-April 2018, you would be up 3%. However, if you were to trade our signals, you would have gained approximately 6%. Thatís double the performance of the market.

Kickstart your year with our AI Trading Signals

Latest episode of Ainslie Intelligence

Latest episode of Ainslie Intelligence

Latest episode of Ainslie Intelligence

Weekly podcast, showing the results and discussion around our trading signal software. You can subscribe at ainsliewealth.com.au/ai

Latest episode of Ainslie Intelligence

Latest episode of Ainslie Intelligence

This week's recap on our Ainslie Intelligence Trading Signals.

This week's recap on our Ainslie Intelligence Trading Signals.

This week's recap on our Ainslie Intelligence Trading Signals.

Keep up with our latest AI Trading Signals recap on the previous week.

The latest episode of our AI Trading Signals digest.

Our second weekly report on our AI Trading Signals software.

Enjoy the weekly AI Trading Signals podcast.