by Gary Christenson
GoldSeek
At a glance:
- COVID Games have devastated large sections of the economy, as well as state and federal budgets.
- Declining federal revenues plus massive expenditures have increased debt and forced the Fed to “print” to fund deficits.
- Gold and silver prices will rise. A currency crisis is possible.
Breaking News:
- Gold fell $5 to $1,830 for the week ending January 15, 2021.
- Silver rose $0.22 to $24.86 for the week.
- Tesla stock (in a bubble) fell to $826 from its high of $884. It won’t happen, but Tesla could sell for $4,000 by July, based on the last six months of bubblicious rally. $400 is also possible.
- The ten-year note yield rose to 1.09%. Has the 40-year bull market in bonds ended?
- President-elect Joe Biden proposed a multi-trillion stimulus (bailout). Government will fund it with new debt. Ho hum!
In the “Hunger Games” series, the Capitol forces the other 12 districts to sacrifice children in their annual “Hunger Games” punishment for past rebellion.