Gold Spikes Back Above $1800 – SILVER Spiking too

2020-07-07T10:36:38-04:00July 7th, 2020|Uncategorised|

Is 'bad' news, good news for precious metals? Raphael Bostic diverged from Powell's more optimistic outlook, warning this morning that he is seeing signs of a "levelling off" of the US economy's recovery. The Atlanta Fed chief told the Financial Times: "There are a couple of things that we are seeing and some of them are troubling and might suggest that the trajectory of this recovery is going to be a bit bumpier than it might otherwise." Bostic added that he was "trying to figure out whether this levelling off is something that is a more sustained pattern, or just a pause." "Given that possibility, to start thinking about what the next relief package should look like."

Saudi shoppers rush to buy gold before taxes triple

2020-07-01T13:27:10-04:00July 1st, 2020|Uncategorised|

Saudi shoppers have rushed to buy big-ticket items such as gold, appliances and electronics ahead of the announced tripling of taxes on basic goods on Wednesday as the government tries to shore up revenue for its economy battered by the coronavirus and low oil prices. Read more at: https://economictimes.indiatimes.com/https://economictimes.indiatimes.com/news/international/world-news/saudi-shoppers-rush-to-buy-gold-before-taxes-triple/articleshow/76727582.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Gold Up, Remains Within Striking Reach of $1,800

2020-06-29T21:21:42-04:00June 29th, 2020|Uncategorised|

Gold stayed within striking distance of the $1,800 per ounce target on Monday, with the safe-haven crowd keeping the yellow metal in positive territory despite an unexpected ramp up in risk by investors shrugging off some of their fears over the Covid-19. U.S. gold futures for August delivery settled up 90 cents, or 0.05%, at $1,781.20 per ounce on New York’s Comex. On Thursday, the benchmark gold futures contract spiked to $1,796.10 , the highest reached on COMEX since November 2011.

SRSRocco: $10 Silver Certificate Would Buy $333 Worth Of Silver Today

2020-06-29T21:18:24-04:00June 29th, 2020|Uncategorised|

A $10 bill today doesn’t buy as much as it used to. Yes, indeed… the $10 Federal Reserve Note today would only buy a little more than a half-ounce of silver. However, back in 1934, a $10 Silver Certificate would purchase 18.5 ounces of silver. Try doing that today.

Ted Butler: The Final Chapter

2020-06-29T21:16:06-04:00June 29th, 2020|Uncategorised|

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same.

Jan Nieuwenhuijs : Why Gold, and Why Now

2020-06-28T21:46:08-04:00June 28th, 2020|Uncategorised|

For thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise.

Craig Hemke: Waiting on COMEX Silver

2020-06-24T11:04:55-04:00June 24th, 2020|Uncategorised|

With COMEX gold getting very near new 2020 highs, concern is growing that COMEX silver is not coming along for the ride. Let's give it a few days and then check back. Let's start with COMEX Digital Gold. Recall that prices surged with the onset of QE∞ on March 23. In the thirteen weeks since, price has rallied from $1488 to Tuesday's intraday high of $1786. That's $298 or almost precisely 20%. Not too shabby for just one calendar quarter. If price is able to replicate that move over the next 90 days, we'll be looking at about $2150. Most of you reading this post would probably take that in a heartbeat!

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