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Dollar on the Road to Losing its "World's Reserve Currency" Status? It's time for thought leadership on the greenback.

thebeartrapsreport.com/blog/2020/07/2…
Commodities: Month over Month

Silver +33.3%
Gold +11.1%
Platinum +8.9%
Nickel +7.2%
Copper +7.1%
Palladium +6.3%
Zinc +6.0%
Lead +5.2%
Aluminum +5.1%
Cobalt +2.4%

Bloomberg data

thebeartrapsreport.com/blog/2020/07/2…
It’s NOT about current inflation, it’s a about the certainty (plunge) of long term deflation. That’s the game-changer in July 2020.

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Lawrence McDonald
@Convertbond
Gold and Silver; This blog goes through all the major changes in central bank forward guidance and its impact on the metals, important read #FOMC

They hated the $XME Metals ETF in April, and they love her today.

thebeartrapsreport.com/blog/2020/04/
Dec 2008: stated that “weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.” Back in 2008, from December 15 to February 20 of the following year; Silver was 42% higher with Gold 26% to the upside.

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March 18, 2009: The FOMC replaced “for some time” with “for an extended period” in its postmeeting statement. Next, from March 17 to December 1st, silver was 54% higher while gold surged 34%.

(3)
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Lawrence McDonald
@Convertbond
Warning: Tesla appears to be “selling” regulatory credits based on cars TSLA may not have yet sold to people who have not paid for them, gave a fresh, weird explanation for accounts receivable. Q2: a conjured profit to get in the S&P (no surprise there).

thebeartrapsreport.com/blog/2020/07/1…
Tesla's TSLA accounting disclosure:

"We recognize revenue on the sale of automotive regulatory credits at the time control of the regulatory credits is transferred to the purchasing party as automotive revenue in the consolidated statement of operations."

Kosher or Tapioca?
Translation: “Recognize revenue… at the time control… is transferred to the purchasing party”

Tesla's admission, it’s all in accounts receivable? A lot of work for the multi-billion prize to get into the S&P 500. Isn't it?

(3)
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Lawrence McDonald
@Convertbond
On September 13, 2008, JP Morgan pulled $15B of repo financing from Lehman Brothers, forcing the company into bankruptcy. If the Fed’s (new) colossal repo market backstop was available back then, the ill-fated bank would have lived to fight another day.

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Fed’s Repo Time Line

1. September 2019: Up to $75B overnight Repo up to 14 days.

2. March 2020: Up to $1.5T as long as 84 days.

3. May 2020: Up to $10T for as long as 5 years?

If this facility existed in 1998, Long Term Capital wouldn’t have collapsed.

*Not capitalism.
2020 Investment Forum

Central banks are now picking winners and losers, we can go home now.
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