by Jim Rickards, Daily Reckoning:
I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast.
My latest forecast is that gold may actually exceed $27,000.
I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis.
Of course, there’s no guarantee it’ll happen. But this forecast is based on the best available tools and models that have proved accurate in many other contexts.
by Turd Ferguson, TF Metals Report:
It’s another slow news day but, because of that, the weekly jobless claims data got far more attention than usual. And it’s a good thing, too, as the weekly totals finally budged off of the ridiculously stable 212,000 number for the first time in weeks.
For this data to have any relevance at all, it has to eventually begin showing the impact of the hundreds of thousands of corporate layoffs. Oh sure, maybe a “white collar” job loss comes with some sort of temporary severance package that forestalls a claim for unemployment insurance. But those severance checks run out eventually and, if you haven’t found a new job, you’re going to end up in line at your local employment office.
Bless his heart. pic.twitter.com/Dp5MdrvLWA
— ThePersistence (@ScottPresler) May 14, 2024
by Martin Armstrong, Armstrong Economics:
COMMENT: Sir,
Saw your blog post about Fort Knox gold depository . Your comment about no visitors was spot on. I use to be the flight surgeon assigned to Fort Knox airfield in the early 90s. One of the flight units assigned was an executive transport wing. To get flight hours, I would tag along with them on their King Air fixed wing planes. When flying with them I noticed, just after take off that we banked quite hard. I chided the pilot thinking they were just trying to give me a hard time. Actually one of the runways was built and aligned exactly flying over the Gold depository. Whether the runway was built before or after the depository was , I don’t know. The pilot in command told me that even they were not allowed to fly over the gold depository. So when you said no visitors… it really means no visitors on ground or air.
from SGT Report:
Harley Schlanger returns to SGT Report to discuss the panic in the Rothschild’s City of London as the BRICS expands and the move away from the Dollar accelerates. Will the demons take us into WW3 after they take out Donald J. Trump? Join us as we dig in to the REAL news.
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by Jim Rickards, Daily Reckoning:
Labor Day weekend is over, and the election is just over two months away. Is the U.S. economy in a recession as election season enters full swing?
There’s a mountain of data suggesting the answer is yes, or if we’re not in a recession, we soon will be. We’ll explore this data below but let’s begin with the (supposedly) most powerful force in the U.S. economy — the Federal Reserve.
On Aug. 23, Fed Chair Jay Powell gave an address to the annual Federal Reserve conference held at Jackson Hole, Wyoming. This was one of Powell’s most important speeches ever for two reasons.
by Matt Morris, SGT Report:
First Major Power Adds Silver to State Reserves, Signaling Potential Return to Silver’s Monetary Role
In a development that has received surprisingly little mainstream media attention, well not that surprising hunh?, Russia is set to make a move that could fundamentally alter the global precious metals landscape.
According to recent reports, Russia plans to add silver to its State Fund reserves for the first time, alongside increased holdings in gold, platinum, and palladium. This isn’t just another financial news story – it’s potentially the beginning of a seismic shift in how nations view silver as a monetary metal.
by Gary Savage, Gold Seek:
General rule, breakouts will happen when the least amount of people are expecting it.
I’ve mentioned the cancellation index before, it’s kind of a proprietary tool. It’s nothing really special. It’s just the amount of people that are getting frustrated and canceling their subscriptions and this always peaks right before a big move.
For Gold
So, that cancellation index, obviously it spiked right in here; this is where the cartel really died. They’re not dead, but they’re just not going to be able to suppress price to an integrated extent anymore. They tried multiple times here to drive gold back below $2000, but failed to do it.
by Adam Sharp, Daily Reckoning:
Silver is trading at $47.98 per ounce as I write this.
The all-time intraday high here in the U.S. was $50.36 way back in January of 1980. That was the peak on New York’s COMEX (commodity exchange).
However, silver has never closed a trading day above $50. And that’s the official measure of an all-time high.
Once silver briefly surpassed $50 in 1980, New York’s COMEX essentially killed the momentum. COMEX executives decided that since the Hunt brothers were cornering the market, they would restrict trading to sell orders only.
from SGT Report:
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from SGT Report:
As US military troops openly move on the streets of US cities over the weekend, the end game is at hand, and the ones running the game are hardcore Luciferians. Attorney Todd Callender and Dr. Lee Vliet join me to discuss the latest.
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Matt is back to cover all of the TREASON and REAL NEWS that’s fit print and that the mainstream CIA mockingbird media tries to coverup or ignore. Thanks for tuning in.
