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CHART: This is how Gold & Silver have Performed following Chinese New Years for the past 16 Years

2024-02-05T17:09:29-05:00February 5th, 2024|Uncategorised|

Note: Chinese New Year Starts This Saturday (Feb 10th) China... wooof... its stock market is imploding, especially small cap with CSI 1000 plummeting [...]

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Pay Attention: Regional Bank Stocks Are Crashing Again…

2024-02-01T12:25:35-05:00February 1st, 2024|Uncategorised|

Yesterday it was NYCB that grabbed the headlines and spoiled Powell's day. As we detailed here (and here), the banking crisis never went away and it now appears the rest of the market realizes that too as Regional Bank shares are extending their losses significantly today... This morning saw the US CRE crisis go global as Aozora Bank faced the music on its balance sheet folly.

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Reuters: European Central Bank asks lenders to monitor social media for early signs of bank runs

2024-01-25T08:41:22-05:00January 25th, 2024|Uncategorised|

The European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead to a deposit run, two banking executives with knowledge of the request told Reuters. European regulators have sharpened scrutiny of banks' liquidity after the collapse of Silicon Valley Bank and Credit Suisse in March last year, the people said, requesting anonymity because the discussions are private. Banks can run into financial trouble if clients rush to pull deposits at the same time. In October 2022, a social media post from a journalist saying that a 'major international investment bank is on the brink', led to a run on Credit Suisse, with clients withdrawing more than 100 billion Swiss francs ($116 billion) by the end of the fourth quarter of that year. The speed at which clients yanked deposits has triggered a debate globally on whether, under the current regulation, institutions can withstand sudden liquidity shocks, and whether new rules might be needed.

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CHINA BUYING SILVER DIP! Shanghai Exchange Silver Vaults Drained below 1000T for first time since 2020

2024-01-18T10:46:17-05:00January 18th, 2024|Uncategorised|

Alert: The total of silver vaults on SFE fell below 1000T for the first time since 2020. Silver destocking is entering the final [...]

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Polish Central Bank Buys 300 Tonnes of Gold According To Secret EU Plan

2023-12-07T13:37:20-05:00December 7th, 2023|Uncategorised|

The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to which Poland might be included in the future, an equal monetary gold to GDP ratio is a covert requirement for nations to be prepared for a shift to a new gold standard. Based on these requirements I expect Poland to buy an additional 130 tonnes of gold.

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Craig Hemke Interview: Despite Paper Games, Fundamentals Point To Gold Price Breakout In 2024?

2023-12-06T12:45:48-05:00December 6th, 2023|Uncategorised|

https://www.youtube.com/watch?v=ibXpKVFzUwc

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Rickards: A Major Rally in Gold Will Soon Be Underway as the Reckoning Begins

2023-12-06T12:43:43-05:00December 6th, 2023|Uncategorised|

Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes. A major rally in gold is now underway. Gold moved from $1,831 per ounce on Oct. 6 to $2,091 per ounce on Dec. 1, a 14.1% rally in just eight weeks and a new all-time high price for gold. Gold has pulled back to $2,037 as of today, but that’s not surprising given its previous surge. Like every other asset, gold can sometimes get ahead of itself and experience a pullback. Importantly, it’s still holding firm above $2,000. This rally correlated almost perfectly with the rally in 10-year Treasury notes that occurred at the same time.

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Boomer Rocks? Reuters Reports that Chinese GOLD Buyers are getting YOUNGER!

2023-12-06T12:49:35-05:00December 6th, 2023|Uncategorised|

Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy. The trend underscores heightening uncertainty about growth prospects in the world's second-largest economy, which has not recovered from COVID-19 lockdowns as fast as consumers and job hunters had expected.

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