Sunday, November 3, 2024

Gold & Silver Not Done Yet

by David Brady, Sprott Money:

Precious Metals Fundamentals

In terms of fundamentals, we have a dovish Fed and elections dead ahead. The Fed has already cut rates by 50 basis points to 5.00%. Another 25-basis point cut is already baked into the cake on November 7, with a probability of 92%.

As for the elections, whoever wins, they are likely to continue massive fiscal spending, driving up inflation at the same time interest rates are falling. The only downside risk is another 2000 event, where the result of the election is disputed.

Geopolitical events, such as war in the Middle East, have died down for now, but this may be the calm before the storm. Any escalation in hostilities is bad for the world but typically good for Gold and Silver, as the Ukraine and Israeli invasions showed.

Gee…and people wonder why Warren Buffet is selling all of his Bank of America stock and owns more TBills than the Fed.

GOLD & SILVER WAKE UP CALL! — Collin Plume

from SGT Report:

Gold is on a tear this year rising 30% or so while silver has performed even better hitting a 12 year high as the criminal bankers continue to short the precious metals at their own detriment. In fact, the 5 too-big-to-fail banks who are short silver are facing looming bankruptcies if silver continues climbing higher as the FED keeps printing fiat. We live in dire but exciting times friends, Collin Plume the CEO of Noble Gold joins me to discuss.

Protect Your Retirement W/ a Gold and/or Silver IRA:
https://www.sgtreportgold.com/
or CALL( 877) 646-5347 – Noble Gold is Who I Trust
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BRICS Coin – Part 2: To Kazan and Beyond

from 21st Century Wire:

This is the second part of my BRICS Coin series examining the many facets of the emerging BRICS financial system. In it, we will look at some of the new proposed institutions that have been announced, and what we can expect going forward.

BRICS+, a group of non-Western nations, are developing a new parallel set of financial institutions. In response to increasing Western sanctions and the weaponisation of hegemonic financial institutions – the emerging multi-ploar consensus has decided that enough is enough, and that they will build their own monetary system, outside of the US dollar dominion.

Silver, the A-Bomb, and Russia

by Jim Rickards, Daily Reckoning:

During a critical stage of the Manhattan Project in 1942, its organizers ran into a problem while attempting to build those first atomic bombs.

They had figured out a way to enrich uranium using electromagnets, but it was a highly resource-intensive process.

Thousands of tons of copper were needed to create electromagnetic coils, but the metal was in short supply due to its use in weapons production. Copper was needed for shell casings, coatings, wiring and other applications.

‘Under major siege’: Dethroning the U.S. dollar of paramount concern as Russia kicks off BRICS Summit

by Andrew Powell, WND:

Trump threatens to cut off countries who abandon American greenback if reelected

While global tensions continue to escalate, Russia is hosting the BRICS Summit in Kazan Tuesday, where some of the world’s largest economies will be meeting to entrench a new global order, namely undoing the U.S. dollar.

BRICS is made up of several different nations, including Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, Ethiopia, United Arab Emirates and Egypt. According to Statista, combined BRICS nations make up over 45% of the world’s population and 35% of the global GDP.

How Inflation is Killing Your Savings & Could Gold & Silver Help? – Rick Rule

by Craig Hemke, Sprott Money:

Rick Rule and Craig Hemke discuss the staggering $35.7 trillion in debt in the USA and the severe impact inflation is having on your savings. Rick explains why gold and silver are critical to protecting your wealth in these turbulent economic times. As inflation continues to rise, learn how precious metals can be the key to preserving your purchasing power and financial security.

MSM Hacks Are Too Isolated and Ignorant to Grasp How Many Americans Despise Them

by Stephen Kruiser, PJ Media:

The Democrats’ flying monkeys in the mainstream media have been rending their garments over the way Donald Trump talks about them since he first hit the campaign trail back in 2015. They believe that he is unfair and mean to them.

He is really just honest though.

Most Republican politicians at the national level are timid souls who spend their professional lives cowering in fear of the MSM Dem propagandists. These GOP weaklings know that the MSM hacks deeply despise them, but still hope that they may one day get a little bit of praise from The New York Times or one of the Big Three nightly network news broadcasts.

The Silver Squeeze Has Officially Begun

by Jesse Colombo, Silver Seek:

For the past several weeks, I’ve been writing about an imminent silver breakout that could quickly push prices to $50. During this time, I’ve observed significant investor cynicism, as many grew frustrated with silver’s sideways movement over the last five months.

I encouraged investors to remain confident, as I believed silver was on the brink of a historic bull market. Sure enough, on Friday, what began as a typical day saw silver surge nearly 7%, meeting the criteria I had outlined to confirm the next phase of its bull market.

Silver Prices Surge: Banks Face Billion-Dollar Losses

by Eran Tal, Jerusalem Post:

Silver prices explode 6%, breaching $33.6/oz. Five major US banks face billions in losses from massive short positions.

Silver prices soared by over 6% yesterday, breaking through the crucial $33.6 per ounce mark and sending shockwaves through global markets. The surge has put five major U.S. banks at risk of massive losses, potentially in the billions, due to their heavy short positions in the precious metal.

This is Why Silver Price Doubles: Russia’s Metal Maneuver Alarms Western Banks

by Jon Forrest Little, Silver Seek:

This is Why Silver Price Doubles: Russia’s Metal Maneuver Alarms Western Banks

Russia’s Silver Shift Signals Economic Warfare. Silver Poised to Double in next 6 months.

Context: I have been involved in the Reddit SilverSqueeze movement since it started.

I write this earnest post with no disrespect for the “so-called” Apes, but NOTHING THE US Retail APES CAN DO CAN COMPARE TO WHAT RUSSIA IS launching

Gold Surges To Another Record High Ahead Of BRICS Meeting, Silver Jumps Over $2

by Chris Marcus, Gold & Silver Daily:

It was another historic day in the gold and silver markets, in a year that’s been full of historic days, and now has the BRICS Summit coming up next Tuesday.

The December gold futures closed $29 higher on the day at $2,736, which of course is another new all-time record high.

Meanwhile, the silver price rose a stunning $2.15 to finish the week at $33.92, a new high for silver on the year, and the first time silver has risen more than $2 in a day since the Silver Squeeze of 2021.