Saturday, April 27, 2024

Will Silver Steal the Spotlight?

by Mike Maharrey, Silver Seek:

Gold has garnered a lot of attention in the last few weeks with its record-setting run. Since the end of February, gold is up nearly 7 percent and set an all-time record of $2,195 an ounce along the way.

This is really good news for silver.

That wasn’t a typo. I meant silver.

I’ve been arguing that silver is drastically underpriced given the supply and demand dynamics for quite a while. With gold setting up for an extended rally, silver could be poised for a record-setting launch of its own, and it just might steal gold’s spotlight.

World’s Largest Pension Fund To Diversify Into Bitcoin As BitMEX Sees Price Flash-Crash Below $9,000 Overnight

from ZeroHedge:

Crypto exchange BitMEX is currently investigating “unusual activity” involving large sell orders on its BTC-USDT spot market overnight that sparked a flash-crash dragging the price of BTC (in USDT) down below $9,000 (while the price remained above $66,000 on other exchanges)…

Doesn’t seem like a very smart move for the ‘rogue seller’ to dump over 400 BTC at that time of day into an illiquid market – why not wait until the US BTC ETF market is running its magic and sell into that liqudity?

Silver Poised to Play Catch Up to Gold

by Clint Siegner, Silver Seek:

Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.

Silver actually outperformed gold on a percentage basis. The white metal gained $1.17/oz, or 5%, as compared to gold’s 4.5% gain.

The difference is that silver is stuck in the middle of the range where it has traded for the past four years. It is roughly $5/oz below its 2020 high and $25 below its all-time high.

Why Are People Investing in Gold Now?

by Turd Ferguson, TF Metals Report:

“Ask the Expert” podcast, hosted by Craig Hemke and featuring Grant Williams, offers insights on investment strategies, market analysis, and economic trends, including discussions on gold prices and silver prices. Tune in for valuable discussions and expert perspectives on navigating the financial landscape today as we:

  1. Delve into effective investment strategies while dissecting current market trends, offering valuable insights for navigating economic fluctuations.

PALISADES RADIO BOB COLEMAN & STEVE ST. ANGELO ROUNDTABLE: Precious Metals Shortsqueeze & Trouble In The Wholesale-Dealer Market

by Steve St. Angelo, SRSRocco Report:

To truly understand the troubling “Dislocation” between higher gold and silver prices and the hemorrhaging of the Wholesale-Dealer Industry, you must watch this roundtable discussion with Bob Coleman and I, hosted by Tom from Palisades Radio.

Unfortunately, many of the precious metals supposed analysts or “Influencers” who suggest that with higher gold and silver prices, there will be tightness in retail bullion supply and higher premiums HAVE NO IDEA of the current state of the Wholesale-Dealer Market, which is literally CHOKING on inventory.

Death Of The U.S. Economy By the Numbers – The Latest Blow To Americans Prove That The Statistics Do Not Lie, But The MSM Certainly Does As They Continue To Gaslight The Nation

by Susan Duclos, All News Pipeline:

No matter what MSM outlet one chooses we see political pundits telling Americans the U.S. economy is doing great, thriving even.

They tell us breathlessly that inflation is down, which it is, from its peak, yet it is not only still above the target rate of 2%, but is beginning to rise again as of March’s release of February’s numbers. They claim that unemployment is down, yet those numbers are on the rise again as well.

The reason why the media is so desperate to convince Americans that they can’t believe their own eyes, wallets or bank accounts is simple. They will do anything, including straight up lying, to protect Biden and get him reelected, rather than see four more years of Trump.

Dollar Tree to Close 1,000 Stores After ‘Surprise Fourth-Quarter Loss’

by Olivia Rondeau, Breitbart:

Approximately 1,000 Family Dollar and Dollar Tree stores are scheduled to be closed after “botched” business decisions and a “surprise fourth-quarter loss,” with the company’s shares taking a tumble.

Dollar Tree outbid competitor Dollar General to buy Family Dollar for over $8 billion in 2015, but the merger has failed to produce good results.

Guest Post: “Costco Selling Gold and Silver”, by AGXIIK and Renozep

by Turd Ferguson, TF Metals Report:

Costco is selling gold and silver on line. Are they anticipating future consumer trends? Or are they getting Sound and Real money into their customer’s hands due to issues with the dollar and CBDCs?

Which one is it?

Something totally new? A marketing test run? A means to bring in new customers? Satisfying a survey that said some people want to buy precious metals? Or is it something else?

Silver Poised to Play Catch Up to Gold

by Clint Siegner, Silver Seek:

Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.

Silver actually outperformed gold on a percentage basis. The white metal gained $1.17/oz, or 5%, as compared to gold’s 4.5% gain.

The difference is that silver is stuck in the middle of the range where it has traded for the past four years. It is roughly $5/oz below its 2020 high and $25 below its all-time high.

LOUISIANA’S BULLION BILL AND SOME NECESSARY CLARIFICATIONS

by Joseph P. Farrell, Giza Death Star:

After last week’s blog about the South Dakota bullion and unit-of-account bill, I received an  email from Catherine Austin Fitts that the movement to state bullion depositories might be the latest gimik and squeeze play from the banksters.  We’ll get to why that possibility should never be ignored in a moment, because the Louisiana bill, as written, contains some telltale signs that her misgivings are well-founded.  But I also want to use this opportunity to clarify my thinking for the record, and to remind readers here that if you read my individual blogs and do not contextualize them within the wider body of my thinking about financial and physical systems, that you will be bound to misinterpret and forget what I’ve stated on previous occasions. Absent any repudiation by me, those earlier statements still form part of my thinking.

Two Types of Price Rally

by Craig Hemke, Sprott Money:

COMEX gold and COMEX silver have both seen terrific price rallies over the past two weeks. However, not all rallies are the same, so let’s take time today to dissect both types.

Over the past seven trading days, precious metal prices have soared, led by COMEX gold. What set off these rallies? Primarily, two things:

  1. Fed Governor Christopher Waller gave a speech on Friday, March 1, where he outlined his thoughts on the future of monetary policy and quantitative easing. If you missed the speech, a great summary can be found at this link: https://www.fastbull.com/newsdetail/fed-waller-reversed-operation-twist-3115363_0

Bitcoin Tops $73,000 After Record-Breaking Billion-Dollar ETF Inflow

from ZeroHedge:

After kneejerking lower by over $4,000 after yesterday’s hot CPI print, bitcoin has recovered all those losses and then some, to top a fresh record high of $73,600 this morning…

“Bitcoin wiped out overleveraged longs, retested the 2021 cycle high & then bounced back to $72,000,” popular trader Jelle summarized on X, adding that the landscape was now “looking good” for upside continuation.

VINCE LANCI: CENTRAL BANKS KEEP BUYING MORE GOLD

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/