Loading ...Francis Hunt: The Deepest Debt Inversion of the Last 40 Years Will Resolve in Crisis and Reset
Francis Hunt (The Market Sniper) interview on Palisades Gold Radio.
Mr. Hunt is effervescent with excitement about the long awaited breakout in precious metals, particularly Silver and Gold.
Some investors have become discouraged with the seemingly endless 3 year bear market in the sector, and have sworn off Gold and Silver just at the moment the metals are poised to advance.
This video explains some of the the technical basis for the breakout in the metals. Video (58:46)
Recommended for Gold bugs of all ages!
Thanks Foxy. To the Moon
Without hitting the link, I think this is the same interview I caught a week ago, that spoke of the Bond Market Doom Loop. And super high rates.
I see this dynamic as a Liquidity Black Hole, sucking all GLOBAL funding away from everything else to keep the US federal government funded (via the bond market) … in all likelihood to enable it to forestall total mayhem if the banks, pension funds, FDIC, social security and other “safety net” functions all fail together. Then rates go to 20% or more, the dollar skys as other countries can’t or won’t keep up. Then BOOM. I would bet some sort of Derivatives Meltdown sets it off, perhaps even as cover. Its already the Boogie Man everyone knows is out there.
And we know depositors are junior creditors. That includes corporations and small businesses needing cash balances (working capital) to meet payroll (recall Cyprus).
In other words, the Everything Bubble collapses in on itself when the US Debt market implodes. Hunt uses the analogy of crude futures to -$40/bbl as a parallel for the ultimate price of sovereign US debt (zero, adjusting for no storage costs).
Keep on Stacking.