Sentiment in #Gold is now at its most bearish since May 2019 when it hit a low of 1269. From there it began [...]
- ROB KIENTZ Interview: Perth Mint’s annual financial statements show = PerthMint net short on metal & appear to be using client accounts to generate interest income
ROB KIENTZ Interview: Perth Mint’s annual financial statements show = PerthMint net short on metal & appear to be using client accounts to generate interest income
Richter: US Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back
The Consumer Price Index jumped 0.6% in May, after having jumped 0.8% in April, and 0.6% in March – all three the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. For the three months combined, CPI has jumped by 2.0%, or by an “annualized” pace of 8.1%. This current three-month pace of inflation as measured by CPI has nothing to do with the now infamous “Base Effect,” which I discussed in early April in preparation for these crazy times; the Base Effect applies only to year-over-year comparisons. On a year-over-year basis, including the Base Effect, but also including the low readings last fall which reduce the 12-month rate, CPI rose 5.0%, the largest year-over year increase since 2008.
U.S. silver imports remained strong during the first quarter of the year, with March posting the highest monthly volume. Not only did the United States import the most silver in March, it nearly accounted for one-third of estimated monthly global silver mine production. That turns out to be a great deal of silver, especially when comparing it to U.S. gold imports during the same month. Total U.S. silver imports for the first quarter of 2021 equaled 1,560 metric tons, up 41% versus the same quarter last year. In just the first three months of 2021, the U.S. imported over 50 million oz of silver. Now, compare that to the 41 metric tons of U.S. gold imports for the entire quarter… it doesn’t even compare. Moreover, U.S. gold imports for Q1 2021 are 52% less than the same quarter last year.
As a public service, here's a reminder of what happened last summer in Comex silver.Price was held in check all through June, even [...]
While many people will be familiar with the term ‘London Gold Market’, most will have little knowledge about its inner workings, especially when it comes to how, and to what extent, the world’s central banks trade and lend gold in London through the Bank of England and the LBMA bullion banks. And that’s the way they like to keep it. Never in the history of financial markets has there been a trading venue that has been more opaque, more secretive, and more impenetrable than the London Gold Market. Especially when it comes to central bank gold operations. That the London Gold Market (meaning the wholesale market) is controlled by a cabal of LBMA bullion banks is widely known, but what’s not so well understood is that within the core of this haze sits the Bank of England, overseeing, coordinating and facilitating the central banks of the world to conduct their gold transactions, including the ultra-secretive gold lending and gold swap transactions.
EB Tucker Interview: Future Fed Digital Dollar Will Strip Away Your Privacy, Why Gold Is the Only Way
Billionaire Hugo Salinas Price: June 28 = Bank for International Settlements Caves In to Russia and China
On April 6, 2021, the website "Russia Today" made an announcement: (https://www.rt.com/russia/520258-putin-major-address-future/). "Putin poised to set out vision for future in dramatic speech, in what allies say will be the 'world's most important political event'" However, it turned out that Putin did not set out any vision for the future, in any dramatic speech, and "The world's most important political event" did not take place. What has been going on? In my opinion, there is only one explanation for this odd situation: Putin was threatening to restore gold backing for the Russian Ruble and for the Chinese Yuan, and this scared the living daylight out of the BIS, the Bank for International Settlements of Basel, Switzerland, which caved in to the pressure from Russia and its ally, China.