Thursday, October 6, 2022

Paper vs Physical Gold And Silver And Why The Precious Metals Sector Should Rally

by Dave Kranzler, Investment Research Dynamics:

I had an interesting dialogue with a couple of long-time colleagues about this commentary by Wall Street On Parade.  The Martens do an admirable job exposing the corruption on Wall Street, the Fed and Congress. But they exhibit a profound misunderstanding of the architecture of the global market for gold and silver. In the title to that article, the Martens suggest that “the typical safe havens of gold and t-notes are losing money.”  Well, yes all flavors of fixed income securities are losing money because that’s how bond math works when interest rates and bond yields rise. However, the Martens fail to understand that the gold and silver market is bifurcated.

Wisconsin Residents Notified to Expect 34% Natural Gas Home Heating Increase This Winter, 15% Propane and 13% Heating Oil

from The Conservative Treehouse:

The National Energy Assistance Directors Association (NEADA) is estimating it will cost Wisconsin residents more than $1,200 to heat an average home this winter, an increase of more than 17% compared to last winter.  [Data Link Here]

Roughly 50% of Wisconsin residents use natural gas for home heating.  Natural Gas heating costs are increasing 34% this year (vs last winter, 2021). That’s also a 66.1% increase over the winter of 2020.

BRITISH POUND COLLAPSES AGAIN//EURO COLLAPSES

by Harvey Organ, Harvey Organ Blog:

BLOODBATH AGAIN IN THE PRECIOUS MARKETS//GOLD CLOSED DOWN $17.15 TO $1627.15//SILVER IS DOWN 43 CENTS TO $18.46//PLATINUM IS DOWN $8.90 TO $855.10//PALLADIUM IS DOWN $14.55 TO $2055.55//BRITISH POUND COLLAPSES AGAIN//EURO COLLAPSES//COVID UPDATES/VACCINE IMPACT UPDATES//VACCINE INJURIES//4 OBLASTS VOTE FOR RUSSIAN RULE IN THE UKRAINE AND VOTING ENDS TOMORROW//HUGE PREMIUM IN GOLD TRADING SHANGHAI VS COMEX: TOTALLY RIDICULOUS///EUROPE’S CRISIS WITH ENERGY UPDATES

THIS IS THE END GAME — Tom Luongo

from SGT Report:

Tom Luongo returns to SGT Report to explain what he believes to be the FED’s end game.

How Many Bitcoins Are Irretrievably Lost, and What Does that Mean?

by Mish Shedlock, Mish Talk:

Let’s discuss the role and meaning of lost Bitcoins on future price actions.

How Many Bitcoins Will There Be?

The maximum number of Bitcoins is 21 million. But if 30 percent of them are lost the actual available supply of usable Bitcoins is 21 – (.3 * 21) = 14.7 million.

Get Cash Out of The Bank Now! Red Flags Warn Of Devastating ‘Black Swan Event’ To Lead To Complete Economic Collapse

by Susan Duclos, All News Pipeline:

There have been rumblings, online and off, throughout the world of finance that “something” is going on, but rumors being what they are, one must take that chatter with a grain of salt.

With that said, anything adding more weight to the camels back is going to contribute to the economic crisis we already face.

The Issues We Already Know Of:

Gas still above what it was before Joe Biden started occupying the White House (Expected to rise again after the November midterms). Food inflation causing more and more people to food banks, and others to change their eating habits because they get less food for more money at the grocery store. Overall inflation already costing American families more than 4K in annual income, according to the most recent reports.

Price Analysis: Support Becomes Resistance

by Peter Schiff, Schiff Gold:

The price analysis last month titled Caution Warranted in the Short Term, highlighted the potential risk in gold and silver even after a rough July and early August. It concluded the path now is much less clear. Gold could be range bound again between $1750-$1800. Or, a hawkish Fed at the Jackson Hole summit could potentially crack $1750 and open up the door for new lows. The gold miners are definitely anticipating this!

10Y Yield Soars To 12 Year High After Dismal 2Y Auction

from ZeroHedge:

Just when you thought it couldn’t possibly get any worse for the bond market, we got a dire 2Y auction.

One minute after 1pm, the Treasury announced results from today’s sale of $43 billion in 2Y paper, which were nothing short of disastrous. The high yield – already the highest in 15 years – was almost a full percent, or 98bps, above August’s 3.307%, and stopping at a high yield of 4.290%, the auction tailed the When Issued 4.274% by 1.6bps, the biggest tail going back to feb 2020 when the bond market was similarly paralyzed, but back then it was due to covid.

The Fed Is Aiding the Democrat’s Coup

by Paul Craig Roberts, Paul Craig Roberts:

The Federal Reserve is not conducting an anti-inflationary policy.  It is conducting an anti-people policy. 

The rising prices are not due to excessive consumer demand that needs to be curtailed by choking off credit.  The rise in prices are the direct consequence of the idiot Biden regimes’ unnecessary Covid lockdowns and the idiot Biden regime’s Russian sanctions which have disrupted the globalism on which the Washington fools have based our economy.  Putting people out of work cannot prevent higher prices due to supply constraints.  The Federal Reserve is causing higher prices by further reducing supply.

Silver From Comex Depleting! Where is The Silver Going? 🚨 – Ed Steer

by Ed Steer, Silver Seek:

Ed Steer joins us today to talk about the COMEX Silver withdrawals continuing as registered totals remain at the lowest levels since 2018. Furthermore, we discuss about Gold, Banks shorting the metals, silver squeeze, and more.

We just love silver. Period. The Reddit community Wall Street Silver discusses precious metals, mining stocks, ETFs, memes, entertainment and business news around those topics. We have 130,000+ members and growing.

The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out: Why This Nails the Parallel to the Dotcom Bust

by Wolf Richter, Wolf Street:

But this time, there’s over 8% inflation.

The Dow Jones Industrial Average on Friday closed about 300 points below its June 16 low, thereby having more than wiped out the bear-market rally gains. For the Dow, the bear-market rally started on June 17 and ended on August 16. During the two-month rally, the Dow had jumped 14%. By Friday at the close, it was again down 20% from its all-time high.

Government Pushs A “Digital Dollar” So It Can Seize Assets At Will & Enslave Humanity

by Mac Slavo, SHTF Plan:

The digital dollar is the endgame. No matter what side of the political spectrum you fall on, this will be the permanent and inescapable enslavement the ruling classes of the globe desperately need in order to remain in power.

You will own nothing, while a handful of people will own everything. You will exist if they allow it, be stolen from if they don’t like what you said, and be ruled over in a dystopia that makes our current situation pale in comparison.

Collapse Incoming? Pope Francis Orders Holy See to Transfer ALL Assets to Vatican Bank

This Thanksgiving, Supplies Of Turkey, Eggs And Butter Will Be Extremely Tight In The United States

by Michael Snyder, The Economic Collapse Blog:

If you love to cook, this upcoming Thanksgiving may be a real challenge for you.  Thanks to a resurgence of the bird flu, supplies of turkey are getting tighter and tighter.  Sadly, the same thing is true for eggs.  And as you will see below, reduced milk production is sending the price of butter into the stratosphere.  Thanks to soaring prices, a traditional Thanksgiving dinner will be out of reach for millions of American families this year, and that is extremely unfortunate.  Of course all of this is happening in the context of a horrific global food crisis that is getting worse with each passing day.  Yes, things are bad now, but they will be significantly worse this time next year.