Economist’s “News and Views” Tuesday 12-5-2023


Andy Schectman, Lee Freeman: Sunday Gold Spike The Result Of Shift To Gold Over Treasuries

Arcadia Economics:  12-5-2023

Following the spike in gold and #silver prices on the far east open in Asia on Sunday night, both metals have sold off through Monday and Tuesday. Which perhaps doesn’t come as the most surprising outcome, especially given the rapid recent rise in both metals prices.

Yet while the gold price is off its new all-time high as of Tuesday, it’s worth considering what has driven gold and silver to its recent levels, and whether that dynamic is likely to persist.

 In today’s show Andy Schectman and Lee Freeman talk about the recent trading action, and the underlying drivers behind it.

Andy talks about how we’re continuing to see a significant shift of large treasury buyers who are re-considering whether US debt truly is still the safe haven asset, and are turning more and more to gold as a replacement.

Andy and Lee also talk about the de-dollarization movement that continues to move away from US assets.

As well as how even US citizens are becoming more concerned about central bank digital currencies, bail-ins, and other policy shifts that leave them wanting their money free from banking and counter-party risk.

So to get the latest insight into the trends driving the gold and silver markets, click to watch this video now!

LIVE! Business Activity IN STEEP DECLINE. Job Openings Hit 2.5 Year LOW. China DOWNGRADED.

Greg:Mannarino:  12-5-2023

3 Banks Are In Trouble, More People Now Pulling Money Out Of Bank Accounts

Atlantis Report:  12=4=2-23

As the news circulates, a growing number of individuals are opting to withdraw their funds from these financial behemoths, triggering a cascade of reactions throughout the financial ecosystem.

The once unwavering trust in these institutions is now being scrutinized, prompting a collective reevaluation of the traditional norms that governed financial allegiance. This departure from the status quo is not marked by the dramatic flair of a crisis, but rather by a subtle yet palpable undercurrent of concern.

People are quietly reassessing their financial strategies, contemplating the implications of this unexpected twist in the narrative.

The reasons behind this sudden shift in sentiment are multifaceted, with economic indicators and market dynamics playing a role in shaping the current landscape.