By the time I had started my mentorship at Gordon Capital's REPO desk in the early 90s Jim Grant had already established the Grant Interest Rate Observer as the premier must read for the Fixed Income market. A must listen for all interested on where interest rates might be heading and the repercussions. https://lnkd.in/gK6yS2Sp

Weekly wrap-up They say bull markets always climb a wall of fear, that nobody is in at the bottom of the cycle, and it doesn't appear to be any different this time. With only 99% of global wealth still out of the sector #gold and #silver paper price at the COMEX continues consolidating the February breakout up 14% and 30% since Q1, and the last bid for physical at the ShanghaiX was even higher with a close of $2,414 and $35.18, further increasing the growing gap in price between Asian and Western markets. This week's main catalyst for this latest paper price hullabaloo was the announcement that the PBOC had not added any physical this month to their 2,000 tons in reserves, but fully dismissing that Turkey India Russia and China have now accumulated over 50,000 of tons that they are not selling. In the face of ongoing BRICS dedollarization, the fiscal and geopolitical reality, and evolving bypolar global structure, the only question smart money should be asking themselves is how consequential is this and is it different this time? While 99% Western investors are not even invested in the sector, CWM continues to advice and position clients with allocations more in line with the other 4 times we sailed through similar economic storms in the last 100 years, and we stand by our 1% conviction that it's not different this time and consequential. Chinese markets will be close on Monday for holiday.

Sorry but I must correct this post as the Petrodollar deal does not appear to have an end date, however Saudi Arabia has announced that they will be joining BIS's (Bank of International Settlements) mBridge payment system and thus leaving the Petrodollar system as the only payment system for energy, see link in comments below. I apologize for not checking prior to posting, but it doesn't change the fact that as the world is moving on from the 50 year old Petrodollar system.

Don't dismiss that the 50 year old #Petrodollar deal setup by Kissinger ends Sunday and SA has already announced that they will NOT be renewing it, is this consequential? We shall see. Enjoying the sailing this summer. https://lnkd.in/gjsuvC89?

With a record monthly close above $2,300 for #gold and above $30 for #silver 99% of Western Wealth seems to have forgotten what four past generations knew about the producers of monetary metals, meanwhile the BRICS now sit on over 50,000 tons of #gold reserves as they prepare to dedollarize. Are you suitably allocated in case it's not different this time?

Summer reading. The financial history of Germany's Weimar Republic is a great read to better understand why #gold does this when #credit cycles come to an end with similar consequential results, is it different this time? Our practice specializes in getting investors suitably allocated in the Precious Metals sector for the possibility it isn't. This will be my the last post for a while as my sailboat is in the water and the wind for the PMs has finally turned and is now on the sector's back. I expect rising gold and silver prices through the summer to have a positive effect on the levered earnings of the producers we have patiently accumulated, now with an even better safety of margin with gold up 15% and silver 40% from Q1 and this Q not even finished. Fairly sure that those rising earnings will continue to attract many of those not yet in the sector. Time to ease the helm and enjoy the journey for a while. Contact us if you want to review if you are suitably allocated. Jaime Carrasco Carrasco Wealth Management [email protected]

Looks like Mr. Slammy is back to keep a lid on gold and silver prices before month end, to bad the bid for physical at the ShanghaiX is $2,383 and $35.51. Price discovery with futures contracts has been broken for some time now.

Jim knows because he gets history and economics and has been runing the numbers since 2010 when he wrote Currency Wars to warn us to prepare for the oncoming monetary paradigm shift now upon us. His math is sound......

Yes they will, copper is telling us so. https://lnkd.in/gv5mtyeH