Thursday, May 28, 2020

Keiser Report: Zombification of Americans (E1271)

from RT:

In the second half, Max interviews Dan Collins of TheChinaMoneyReport.com about why, after twenty years in China, he has moved back to America. They discuss the ongoing trade war, which he says Trump is winning, and about the chances for a hot war erupting out of the China containment policy.

Jim Sinclair: MOPE Has Failed And The World Is About To IMPLODE Economically – TIME NOW!

by Jim Sinclair, via Silver Doctors:

Jim has a dire warning about the imminent global implosion, which Jim says will include an entirely new monetary system and $50,000+ gold. Here’s more…

My Dear Friends,

We will keep this short and to the point. As time goes by, you will come to know all the ingredients to the fact that economic law lives and is in the process of reasserting itself like a hot solar storm on the surface of the sun.

My Inner Contrarian Wakes Up: Gold Short Positions Hit Record

by Wolf Richter, Wolf Street:

Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.

First things first: I want to thank the many readers who have expressed their interest in an article about my views and theories on gold and silver. In fact, the response has been so strong that I decided to cover precious metals (PMs) more broadly on WOLF STREET, but only in an unbiased and analytical way, if that is even possible.

CHINA TAKES IT’S REVENGE ON YUAN SHORTS BY RE INTRODUCING PREVIOUS POLICY AND THEY WERE DECIMATED: GOLD AND SILVER THE BIG WINNERS

by Harvey Organ, Harvey Organ Blog:

THE DOLLAR FALTERS:/ GOLD UP $18.65 TO $1206.70/SILVER UP 26 CENTS TO $14.83/SILVER’S OPEN INTEREST FOR MONDAY WILL BE A DILLY/ITALY THREATENS TO STOP EU FUNDING AS THEY WANT ALL OF EUROPE TO SHARE IN MIGRANT CRISIS/HUGE NUMBER OF FOREIGNERS DUMPING ITALIAN BONDS/AND MORE SWAMP STORIES FOR YOU TONIGHT

Market Report: Gold Breaks Oversold Records

by Alasdair Macleod, GoldMoney:

At last, a short-term bottom for gold and silver seems to be forming. This week saw a sharp bounce from record oversold levels, followed by a mid-week pause.

In early European trade this morning (Friday), gold was up a net $4 from last Friday’s close, at $1190, but on Thursday last week it sold down to $1160. So, while there is little change on a Friday to Friday basis, it has actually rallied $30 from the low point. Silver has underperformed, being down a net 18c at $14.62 this morning, having seen its recent low at $14.34.

“Thank God This Is Happening” Russia Says Time Has Come To Ditch The Dollar

from ZeroHedge:

With the US unveiling a new set of sanctions against Russia on Friday, Moscow said it would definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Russia’s Deputy Foreign Minister Sergei Ryabkov.

The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and look for other alternatives,” he said in an interview with International Affairs magazine, quoted by RT.

“Thank God, this is happening, and we will speed up this work,” Ryabkov said, explaining the move would come in addition to other “retaliatory measures” as a response to a growing list of US sanctions.