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
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.
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 Mish Shedlock, Mish Talk:
Russia GDP is now estimated at +3.8 percent, topping the US, despite sanctions. What’s going on?
Russia’s War Economy
Eurointelligence discusses Russia’s War Economy
It is worth looking at the autumn forecast for Russia by the Vienna Institute for International Economic Studies, one of the best sources of economic information for central and eastern Europe. They upgraded their growth forecast for this year by 0.6pp to 3.8%. Russia is outgrowing all western economies, including the US. Growth is forecast to slow down to 2.5% next year because of the impact of a 19% interest rate. It is clear that Russia’s economic expansion is a classic case of a wartime Keynesian effect.
by Greg Hunter, USA Watchdog:
Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), gives her take on gold, Kamala, Trump, control, cash, murder and water. On gold’s rocket rise, CAF says, “Gold is very important. We divide gold into two positions: Your ‘core’ position and your ‘investment’ position. . . . Right now, gold looks phenomenally attractive as a core position. It is also attractive as an investment position.”
Why the big move up now? CAF says, “Part of it is the incredible monetary policies and the monetary inflation coming from the central banks. The other is too many people are watching government implode in a variety of different ways, and people are saying I want a core position in gold. We are also seeing the BRICs . . . and seeing states in the US move to put gold and silver in a position to be used as a currency. So, we are watching people put monetary reserves in gold and monetary liquidity in gold. That is happening steadily, and more and more people are saying they need a percentage of their assets in gold. . . . We are in a long-term bull market in gold.”
by Dave Kranzler, Investment Research Dynamics:
That’s the title from the latest issue of my Mining Stock Journal, which I released yesterday. Silver is up nearlly 4% as I write this. Here’s the title from the September 19th issue: “The Mining Stocks Remain Historically Undervalued.” GDX is up 4% as I write this. Several of the micro-cap, project development stocks that I recommend are up over 20% since mid-September. Some of them, like Cabral Gold, have potential 10-20x returns ahead of them. I updated Cabral in yesterday’s issue with a couple of imminent catalysts that could trigger a 25% to 35% move in the stock before Christmas. Follow this link to learn more about my newsletter: MSJ information
by John Rubino, John Rubino’s Substack:
The standard silver pitch is that when gold goes up, stackers note the immense number of silver coins they can get for the price of a single gold Krugerand or Maple Leaf. Then they proceed to pile into the cheaper metal, sending its price up by multiples of gold’s subsequent percentage gains.
But this time around, gold rose for several years without lighting a serious fire under silver. Why? Well, sometimes things just take longer than they should, and the real test of a thesis is not when it works but if it works at all.
by Jim Rickards, Daily Reckoning:
Janet Yellen gave a speech on Sept. 26 at the 2024 U.S. Treasury Market Conference in New York. The speech was largely about risks in the banking system and the market for U.S. Treasury debt.
In a pre-speech interview with Politico, Yellen was asked about risks related to a smooth presidential transition in this election cycle. While that may seem like a straightforward question, it contained a particular bias that somehow Donald Trump, win or lose, might make the presidential transition difficult.
Difficulties could arise if Trump loses and claims the election was “rigged” or if Trump wins and radical groups like antifa commence violent protests. My estimate is that the former is unlikely, and the latter is far more likely but Trump haters in the media will take the opposite view.
