A Bullish Outlook for Silver and Other Silver News

Silver prices are expected to rise in 2020 with macroeconomic and geopolitical conditions remaining broadly supportive for precious metals, this according to a report highlighted in the latest issue of the Silver Institute’s Silver News.

The Silver Institute projects a 3% increase in silver industrial demand. Demand from the electrical and electronics sector should account for the bulk of the gains.

Global jewelry demand is forecast to maintain modest growth and holdings in silver exchange-traded products (ETPs) are forecast to remain elevated in 2020. Silver physical investment, consisting of purchases of silver bullion coins and bars is projected to increase for the third year in a row, by around 7%.

Peter Schiff: Fed Stimulus Overdose Will Propel Gold to New Highs

After the worst week since 2008, the stock market rallied on Monday on the hope of central bank stimulus. In his March 2 podcast, Peter Schiff said he doesn’t think the Fed’s easy money can keep the air in the stock market bubble. But the stimulus overdose will likely propel gold to new highs.

With the “Powell Put” in play, the Dow Jones was up 1293.26 points. Other indexes had similarly good days. On Friday afternoon, the Federal Reserve chair made the rather unusual move of issuing a statement saying, “We will use our tools and act as appropriate to support the economy.” Most market watchers now think a March rate cut is a certainty.

The last time we saw the stock market move up like this was in March 2009, right after the Federal Reserve announced QE1.

But in his most recent podcast, Peter said he doesn’t think the stock market lows are in.

My Thoughts About the Coronavirus - Ray Dalio

I will repeat my overarching perspective, which is that I don’t like to take bets on things that I don’t feel I have a big edge on, I don’t like to make any one bet really big, and I’d rather seek how to neutralize myself against big unknowns than how to bet on them. That applies to the coronavirus. Still, there’s no getting around having to figure out what this situation is likely to mean and how we should deal with it, so here are my thoughts for you to take or leave. In reading them please realize that I’m a “dumb shit” when it comes to viruses, though I do get to triangulate with some of the world’s best experts. So, for the little that they’re worth, here are my thoughts.

Three Perspectives

As I see it there are three different things going on that are related yet are very different and shouldn’t be confused: 1) the virus, 2) the economic impact of reactions to the virus, and 3) the market action. They all will be affected by highly emotional reactions. Individually and together they lend themselves to a giant whipsaw with big mispricings, with the off chance that it will trigger the downturn that I have been worried would happen with both the big wealth/political gap and the end of the big debt cycle (when debts are high and central banks are impotent in trying to stimulate).

Coronavirus deaths in Italy at 79, China cases slow: Live updates

Italy overtakes Iran with the most deaths outside China as the global toll surges past 3,000.

The World Health Organization warned the world was in “uncharted territory” as coronavirus cases continued to spread in the West and Italy announced 27 more people died from the disease.

More than 92,000 cases have been confirmed worldwide and the number of deaths from the virus has reached 3,110 globally, according to the WHO.

Protective gear — such as masks and goggles used by health workers fighting coronavirus — were running out and the WHO warned against “hoarding and misuse”.

Tesla explains the differences in its growing S3XY electric car lineup in one chart

Electrek obtained a new chart that Tesla is using to explain all the differences in its growing S3XY electric car lineup as it expands with Model Y.

Tesla used to just sell one model at a time. At first, it was the Roadster, and then Tesla discontinued it and was only selling the Model S.

However, in the span of just four years, Tesla went from selling only a single model to four: Model 3, Model Y, Model S, and Model X.

What once was a small EV startup is becoming a full-fledged automaker with a decent number of options.

Rex Murphy: The Teck decision is the culmination of Trudeau's anti-oil agenda

Prime Minister Justin Trudeau delivers a statement in the House of Commons on Feb. 18. Sean Kilpatrick/The Canadian Press

Certainly, Teck Resources’ announcement that it is filing its proposal for Frontier oil and sand mine is a political earthquake. In fact, it has been indicated that it is the cornerstone of the anti-oil and anti-Alberta policies of this government. Undoubtedly, this is a sign that the turbulence of the last three weeks is about to be overcome by something bigger.

Likewise, the cancellation follows the ban on West Coast tankers, Trans Mountain stagnations and Coastal GasLink gas pipelines, the rejection of Energy East and the dense thickening of regulations, evaluations, protests and growing judicial cases. Teck is the last of a dark chain of projects that have been discarded or strangled, which has resulted in the loss of miles of millions of dollars in the country and tens of miles of aborted jobs, while the Trudeau government danced and chattered with its useless crusade against carbon dioxide emissions.

The authority that continually fades

Conrad Black: Canada's government has abandoned its responsibility to lead

A protester walks in front of a snowplow blade that has signatures from Wet'suwet'en hereditary chiefs, at a rail blockade in Tyendinaga, near Belleville, Ont., on Feb. 21, 2020.Lars Hagberg/AFP via Getty Images

It is necessary to highlight that the problems have worsened for two weeks as the federal government stumbles and becomes obfuscated, passes the money to the provinces and asks for “patience”. Likewise, it is now the most absurd fiasco that afflicts a Canadian government since John Diefenbaker announced in January 1963 that at the meeting of US President John F. Kennedy and British Prime Minister Harold MacMillan in the Bahamas a week earlier, there was been “a change in the views of NATO” on nuclear weapons.

It has been said that the current stalemate over the blockades in sympathy with some indigenous opposition to the Coastal GasLink pipeline in northern British Columbia is comparatively absurd, and although it does not directly involve Canada’s relations with other countries, it is now leading us to contempt and ridiculous widespread in the world.

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