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Posted July 24, 2020

Byron King

By Byron King

Rough Justice?

On Wednesday, we asked how you would bring order back to U.S. cities.

Declare martial law, says our first reader, arrest those who disregard the curfew, and shoot looters. We can not let anarchists win.

Our next contributor says: First, the president needs to deputize 5,000 to 10,000 U.S. Marshalls and target Seattle, Portland, Chicago and NYC.

ANY violence, destruction of property, arson or other violations should result in arrest and incarceration in work camps in Arizona or New Mexico while they wait for trial.

If found guilty, they should be sentenced to three to five years, and they should pay reparations through income from work camp activity.

Last today, a reader writes: The insanity will end when Americans stop electing insane leaders.

Do you think we Americans can vote our way out of this? Write in with your opinions.

Send your opinions to,

Your Rundown for Friday, Jul. 24, 2020

Gold Approaches Record-High

Golds catching a bid this morning; its surged past the $1,900 level not seen in almost nine years. Golds record high? The yellow metal hit $1,921.17 per ounce in Sept. 2011.

Golds price is almost certainly getting a lift from tensions ratcheting up between China and the U.S. as China closes a U.S. consulate in Chengdu -- a retaliatory measure for the mysterious closure of a Chinese consulate in Houston.

And UBS Group AG increased near-term guidance for gold bullion to $2,000 by the end of September. (Maybe sooner?)

Bloomberg says: While spot gold prices are about $20 away from the all-time high, some futures contracts on the Comex are already trading even higher.

December, which overtook August as the contract with the highest open interest according to data released when Fridays Asian trading session was already underway, touched $1,927.10 an ounce Thursday.

And famed founder of Mobius Capital Partners, Mark Mobius, says: When interest rates are zero or near zero, then gold is an attractive medium to have because you dont have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising.

I would be buying now and continue to buy.

[Ed. note: We recommend buying physical precious metals And one of the best ways we know to buy and store gold, silver and more is with Hard Assets Alliance. One reason we like this service? If you choose to store your physical metal in one of their five vaults world-wide, Hard Assets Alliance will make sure your account is fully-allocated, meaning your holdings are never pooled with anyone elses. So to learn how to open your FREE SmartMetals account, click here.

Full disclosure: Our firm owns a piece of Hard Assets Alliance, so you should assume well collect a small cut once you fund your account. But we wouldnt have invested in Hard Assets Alliance unless we were already enthusiastic about what this service can do for investors like you.]

Market Rundown for Friday, Jul. 24, 2020

S&P 500 futures down 30 points to 3,205.

Oils stalled at $41.20 for a barrel of West Texas crude.

Golds rallying to near-historic highs -- up $12.10 per ounce to $1,902.10.

Bitcoin is down $81.53 to $9,531.96.

Send your comments and questions to,

You all have a great weekend. Well be back Monday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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