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2601, 2021

Egon Von Greyerz: The Public Will Lose Up To 99% Of Their Wealth In The Next 5 Years

During the last 50 years we have seen 5 vicious corrections in the Dow of between 41% and 55%. But even with these corrections the Dow is today 39x higher than in 1971. There is another relatively small but important investment asset which represents only 0.5% of global financial assets. That asset is up 53x since 1971. But it hasn’t been an easy journey for this asset either. There were 3 major corrections in half a century between 33% and 70%. I am of course talking about gold.

2501, 2021

Ted Butler: What if the big silver futures shorts are trading for the government?

I started calculating the financial plight of the 8 big shorts in COMEX gold and silver on a twice-weekly basis around June 2019. That’s when gold moved higher. The big shorts had added quite aggressively to short positions early in the move and when gold rose $100, the big shorts were out $2.2 billion. As gold rose, the big shorts kept getting deeper and deeper into a financial hole. From the end of the third quarter of 2019 when the 8 big shorts were underwater by $2.4 billion, the losses have progressively worsened over the five subsequent quarters to yearend 2020, when the combined loss hit $14 billion.