from Birch Gold Group:
The “whack-a-mole” game of watching inflation fall and rise sharply over the past 25 years is disheartening at best. Here’s why…
Inflation officially sits at 5 percent (the highest since 2008). The last 25 years of inflation rising and falling are shown on the chart below:
by Mish Shedlock, The Street:
Let’s check in on the market’s reaction to the idea that the Fed may “discuss”, not do, asset purchase tapering and hike rates.
The WSJ notes a selloff in the stock market after Bullard issued a rate hike trial balloon.
The Dow Jones Industrial Average lost 1.6%, or about 530 points, in 4 p.m. trading Friday. The index of blue-chip stocks dropped more than 3% this week.
by John Nolte, Breitbart:
By way of an unforgivable (but very revealing) act of silence, several scientists now admit to having misled the country for more than a year by covering up their belief that the coronavirus lab leak theory is valid enough to warrant investigation.
In other words, here’s one more reason to never again trust the scientific community.
from Silver Doctors:
Joe Deplorable just got sucker punched in the gut, again. And silver? Let’s just say…
(by Half Dollar) Step aside all you stinkin’ worthless Deplorable Fathers because there’s a brand new holiday that we’re going to be celebrating instead this weekend, so happy Juneteenth National Independence Day, America!
Ugh.
Joe Deplorable is so far beyond totally screwed.
from Arcadia Economics:
TRUTH LIVES on at https://sgtreport.tv/
by Peter Schiff, Schiff Gold:
In another sign of rapidly accelerating price inflation, import-export prices rose much faster than expected in May.
Import prices were up 1.1% month-on-month in May, and the Labor Department revised April’s increase from 0.7% to 0.8%. Projections for May were for a 0.7% increase. The actual number was higher than the high end of estimates.
It was the seventh monthly gain in import prices, bringing the year-on-year increase to 11.3%. That marks the largest rise since September 2011.
by Harvey Organ, Harvey Organ Blog:
GOLD CONTINUES TO BE UNDER ATTACK BY THE BIS SO THAT THEY ARE ONSIDE PAPER WISE ON JUNE 28//GOLD DOWN $7.70 TO $1769.20//SILVER UP 3 CENTS TO 25.87//GOLD STANDING INCREASES TO 72 TONNES//SILVER DROPS TO 14.190 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES/INVERMECTIN UPDATES//CHINA DEFECT REVEALED AND HE PROVIDES A PLETHORA OF DATA TO USA ON ORIGINS OF THE CORONAVIRUS ETC//BIG STORY: WE NOW HAVE 4 BRITISH AIRWAYS PILOTS DEAD AFTER TAKING THE AZ VACCINE//CLASHES AGAIN IN ISRAEL AT TEMPLE MOUNT; LIMITED RETURN FIRE BY ISRAELIS//SWAMP STORIES FOR YOU TONIGHT
from The Waking Times:
For the fifth time since the onset of the COVID pandemic in early 2020, the skyrocketing price of Moderna stock has produced a billionaire.
Moderna President Dr. Stephen Hoge is the company’s latest shareholder and executive to join the “three-comma-club” — with an estimated $1.1 billion fortune.
Other club members are CEO Stéphane Bancel, chairman and cofounder of Noubar Afeyan, founding investor Timothy Springer and cofounder Robert Langer, Forbes reported.
from Sarah Westall:
TRUTH LIVES on at https://sgtreport.tv/
by Clint Siegner, Money Metals:
The halfway point of the year is quickly approaching. Dwindling confidence and concern over the direction of the country along with rising inflation expectations continue to drive strong demand for physical gold and silver. That trend appears set to continue through the second half of 2021.
Here are a few big stories with the potential to drive bullion buying in the months ahead.
