China Whale Keeps Buying Silver
Can I be more clear that silver is going to break out?
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COMEX registered silver: September 2019 is a Turning Point
Registered silver at COMEX still going down, bullish for silver. It started going down in September 2019. J.P. Morgan registered silver at COMEX went down begin September 2019. This happened at the top of the silver spike in September 2019. So something happened in September 2019 and they are panicking. Which can be seen from the spike in open interest in September 2019.
Monetary Base Vs. Gold Reserves
The following chart shows the U.S. Monetary Base Vs. U.S. gold reserves. These two should match with each other. Either the price of gold goes up, or the U.S. gold reserves should go up. This is why I include the monetary base in the Gold Forecaster Index , because it is correlated to the gold price. The more the Federal Reserve prints money, the more U.S. gold reserves are needed. The more gold reserves are acquired, the higher the gold price. Today, the gold price should be at $5000/ounce.
J.P. Morgan Registered Silver Stock at COMEX is declining
I haven't been following the registered silver of JP Morgan at COMEX, but it strikes me that it is rapidly declining. For multiple years, it stood at 5122062 and has now declined to 4709861. So something must have changed in the silver space. As of 20-Nov-2019:
China growth will continue
Everyone is touting that China will crash and is in huge trouble. I'm sorry to say this, but China will grow to be much larger than the U.S. China GDP at purchasing power parity will be double the U.S. China had already overtaken the U.S. in 2014.
Pledged gold is rising at COMEX HSBC
Pledged gold has been rising. Bullionstar notes: So we will need to watch this:
Benefitting from Hong Kong Turmoil
Hong Kong isn't doing well. It has gone into recession and capital is flowing out of the country. That money is flowing into Singapore and Shenzhen as Jim Rogers suggests in this video. If you want to invest in Singapore, I would buy some real estate investment trusts like Ascendas. Ascendas has a lot of real estate in Singapore and a bit in U.K. and Australia. Dividend yield is 5.5%, which is better than 0% on your bank deposit. The trend of this stock is up and it isn't overvalued. BTW, Jim is also buying Russia, which I have been promoting for months.