John Rubino discusses stocks tanking, gold, new covid variant and more

Financial Survival Network, Released on 12/1/21

  • Market tanked on the new variant and the borders were closing, thus spooking the markets. But today is a new day, the PPT is out in force and things don’t look so bad.
  • More money poured into equities in the past year than the previous 20 combined. That’s an extreme sell signal.
  • Germany has a historical memory of hyper-inflation. They’re more spooked by inflation than most other country. How much further will it go before they pull out of the Eurozone? Or will they accept high inflation levels?
  • Gold got whacked when Powell was renominated. Why?
  • Countries continue to accumulate gold. Singapore, Poland and China recently announced big inflows.
  • Bitcoin behaved like a “risk asset” in Friday’s drop and today’s rebound, while gold was a lot more stable. Illustration of their differences?
  • Soccer players keeling over. Can we report on this?
  • New covid variant is causing multiple countries to close their borders. Economic impact?

John Rubino is the founder and manager of the popular financial website Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

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