To the reader who said we should avoid conversations about politics and religion, we received this feedback…
“It’s easy to say we should ‘just not talk about it’ but that is part of the problem. If we do not care enough to have hard conversations, the loudest voices decide our fate.
“Right now the ‘loud’ are drowning out everything else, and the media pick and choose the narrative so the sheeple believe what they are told.
“The question may not be what do we do to be more like ‘We The People.’ The question might be what do we do when people are no longer interested in being ‘We The People’?
“WE are worlds apart.”
The Rundown continues to garner feedback about a more united America. We’ll have more of your opinions Friday.
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Jul. 15, 2020
Silver and Central Bank Antics
Update on Monday’s missive, “Elon Musk’s $6+ Billion Friday”: we asked if TSLA shares would be at $2,000 today. Not currently. Tesla stock is down, in fact, about 2% to $1,486.70.
Easy come, easy go.
If you’re looking for an asset with staying power, however, we make the case for silver (again).
In May, The Wall Street Journal said: “Silver prices are surging, making the metal one of the market’s best-performing assets in the second quarter, with investors seeking havens that can hold their value during times of economic uncertainty.”
And since that time, silver’s trend line has continued up and to the right…
An article at Kitco says: “Gold and silver prices’ upwards trajectory looks promising as long as central banks around the world continue to provide accommodative monetary policy.”
Accommodative is certainly one word for central banks’ money printing.
In light of which, Todd Horwitz of BubbaTrading.com says: “As long as we see this manipulation of currency, people are going to be looking for metals.
“Silver also looks great…. $25 silver is certainly in play in the next six, seven months if we continue at this pace,” he concludes.
Silver’s price today? At the time of writing, $19.57 per ounce. So 30% upside… not bad.
Market Rundown for Wednesday, Jul. 15, 2020
S&P 500 futures are up 31 points to 3,230.
Oil’s marginally in the green at 40.34 for a barrel of WTI.
Gold is down $7.60 to $1,805.30 per ounce.
Bitcoin is down 37 points to $9,232.46.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll catch up with you Friday; in the meantime, take it easy.
For the Rundown,