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Basel III rules start Monday. Get ready gold!

Summary:
Basel III new regulations start on Monday and lots of people say this will be very bullish for gold. They may be disappointed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Basel III new regulations start on Monday and lots of people say this will be very bullish for gold. They may be disappointed.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

22 comments

  1. Good watch for Monday. I'm curious if the gold dips I bought on the way down are going to climb again or get out quickly as possible.

  2. This market has been just a quantum computer which pumps and dumps without any participation necessary for a long time now. Don't believe me? When drunken Sailor bought billions $$$ worth of Bitcoin the latter didn't move a tad bit.Same with crazy Cathy buying low floaters that don't move on purchase. All these digital assets are connected to one knob with one hand tuning it up and down up and down. A.I. that is.

  3. Mike Norman knows nothing about gold.

  4. How are you not fomous all you predictions are spot on

  5. Michael: where is the blow off top? Give us an S&P500 target level.

  6. The way banks will manipulate gold doesn't necessarily apply to everyone else. This new regulation will be twisted until it fits their structure and they take advantage and use it to their advantage. They will never surrender to sound money principals. The banks are the plague on humanity

  7. Mike rocks!!! Looking forward to next week's MMT Report!!!

  8. Still hoping for 2020 lows in commodities. It has a ponzi dynamic

  9. SLV also or just GLD? I recall SLV claiming to add 14 semi trucks worth of phy silver in one week, yea right.

  10. Speaking of regulations how's Jon Corzine after using segregated funds to cover his bad bets? (free as a bird) If (if) they every decide to catch them they will just pay a 1% fine of the profit they skimmed & not a penny ever goes back to the people that got screwed. Show me once were it did?

  11. Are you Smart AS A Silver Stacker

    I think nothing will happen with gold, will keep on sideways. The powers at Be wont let gold or silver go up with all this inflation going on. You must believe its all transitory and the dollar is strong.

  12. Mike is totally right. Basel III could be very bad for gold if institutions see it as cumbersome and costly to deal in gold. They may just decide to get rid of it!

  13. Mike with all due respect, it looks like you've been jerked around for the past 2 weeks. First you sounded alarm on fiscal flow slowdown, talking about 20% correction, then you said investors need to go against the zombies and buy the dip in gold? Now markets are clear for a takeoff and gold as oversold as it is may not be a buy??

  14. As a producer you’d have to assume getting investment banks and other bullion banks and dealers out of the market a good thing. In my opinion

  15. Great podcasts Mike one of your better ones

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