Saturday, December 3, 2022

Closer, But Still No Cigar

by Ted Butler, Silver Seek:

It’s remarkable to me how close we appear to be getting to near-universal recognition that silver and gold (along with a host of other commodities) are priced based upon the activities of a relative handful of large paper traders on the COMEX (and other exchanges) and not on the workings of the world of actual supply and demand. I’m convinced that once the critical level of universal recognition is achieved (and it appears to be quite close), then we will experience the true free market price, which will be decidedly higher, particularly in silver.

The Numbers Are Screaming That A Giant Tsunami Of U.S. Layoffs Has Now Begun

by Michael Snyder, The Economic Collapse Blog:

We knew that economic conditions were deteriorating, but this is getting ridiculous.  According to Challenger, Gray & Christmas, the number of layoffs in November was 127 percent higher than it was in October.  That isn’t just a trend, that is an avalanche.  And compared to the same month in 2021, the number of layoffs in November was 417 percent higher.  Please take a moment and let that figure sink in.  A 417 percent increase is a colossal shift.  Essentially, these numbers are telling us that a giant tsunami of U.S. layoffs has now begun, and I believe that things will get even worse in 2023 and beyond.  Our leaders have pursued policies that have been extremely destructive to the U.S. economy, and many of us have been warning that a day of reckoning would arrive.  Well, it appears that a day of reckoning for America’s workers is now here, and the months ahead are not going to be pretty.

Comex Results: Why Is December So Quiet?

by Peter Schiff, Schiff Gold:

While the data this month looks weak, I think there is more to the story. My hypothesis is speculative in nature, so I will save it for the end after going through the data.

Gold: Recent Delivery Month

Delivery volume in December has begun. On the first day of delivery, 6,195 contracts were delivered.

IS 2023 THE YEAR FOR SILVER?: CRAIG HEMKE, DAVE KRANZLER, JAMES ANDERSON, & CHRIS MARCHESE

from Arcadia Economics:

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

Marauding Bands Of Looters Are Stealing Billions Of Dollars Worth Of Merchandise As America Descends Into Lawlessness

by Michael Snyder, End Of The American Dream:

Three years ago, I bet that 99 percent of my readers had never heard of ORC.  Of course by now almost everyone knows that ORC stands for “organized retail crime”, and it is prompting retailers to permanently shut down stores all over the nation.  Right now, retail theft is happening from coast to coast on a scale that we have never seen in our entire history.  Marauding bands of looters are barging into stores, grabbing as much merchandise as they can possibly carry, and then loading it into their vehicles.  Online marketplaces make it easier than ever to turn stolen goods into cash, and at this point organized retail crime has become a multi-billion dollar business.  As I have repeatedly warned my readers, America is descending into lawlessness.  The thin veneer of civilization that we all depend upon on a daily basis is rapidly disappearing, and if we stay on this path our society will soon be completely unrecognizable.

The way forward:

by Claudio Grass, Claudio Grass:

A practical roadmap to reclaiming individual and financial sovereignty – Part I of II

Those who are familiar with my ideas and my writings undoubtedly know that one the issues I’m most passionate about is individual freedom, on all levels. I believe that free-thinking people know what’s best of them and they need no “guardians”, no “nannies” and certainly no bailiffs and enforcers, to limit or to dictate their choices “for their own good”. As long as those choices cause no harm or damage to nobody else and they violate no property that isn’t theirs, all that should govern the individual’s choices is their own conscience.

A Chinese Spark for 2023

by Craig Hemke, Sprott Money:

The year 2023 is shaping up to be quite fun and interesting for precious metal investors after a year that was anything but. And now the potential of a China “re-open” makes the picture even more compelling.

Let’s begin with the latest chart of Mar23 COMEX silver. We’ve been watching price trace out a bottom for months, and after leading gold and the mining shares lower for much of the year, silver has recently been showing the way out.

Layoffs, Quits, Job Openings, Hires, Wages: No “Landing” Yet for Job Market, Eager Employers Quickly Hire Laid-off Workers

by Wolf Richter, Wolf Street:

Workers still leveraging this historically tight labor market, but a little more cautiously?

We’re going to look at two different data sets released today that show from different perspectives how tight the labor market still is, how much power has shifted from employers to workers, how much job-hopping and churn is still going on, and that the tech layoffs are still not large compared to the gigantic overall labor force, and that most of the laid-off people are getting quickly absorbed by other companies, including by non-tech companies that employ armies of tech workers, such as automakers, industrial companies, oil and gas companies, etc. These companies have gotten outcompeted for tech talent by the lavish compensation packages offered by tech companies. And those non-tech companies are now hoping for better access to the tech labor pool.

Accepting the Reality of the Plandemic

by Dr. Sherri Tenpenny, Dr. Tenpenny’s Eye on the Evidence:

Beginning in March 2020, we were told the next global pandemic had arrived. That became a 2.5-year travesty, pushing toward the end of Western civilization as we knew it. The World Economic Forum and all its global henchmen wrecked economic havoc so pervasive that no person was untouched. Both television and print media chronicled daily reports to keep us afraid, locked down (imprisoned), masked (tortured), and in a state of impending doom.

ENDLESS CORRUPTION: PATRIOTS INVOKE THE WRATH OF GOD

from

Lior Gantz, founder of Wealth Research Group joins me to break down the endless corruption, stolen elections, vax related deaths, central bank digital currencies & much more.

Here are the TWO FREE research reports Lior mentioned:
https://www.wealthresearchgroup.com/paul1/
https://www.wealthresearchgroup.com/taiwan1/

GOLD PRICE CLOSE: DOWN $3.45at $1746.80 SILVER PRICE CLOSE: UP 33 cents to $21.58

by Harvey Organ, Harvey Organ Blog:

FIRST DAY NOTICE FOR BOTH GOLD AND SILVER//GOLD CLOSED DOWN $3.45 TO $1746.80//SILVER CLOSED UP 23 CENTS TO $21.58//COVID UPDATES: RE CHINA UPDATES ON LOCKDOWNS//VACCINE IMPACT//DR PAUL ALEXANDER//RATHER WEAK 58 TONNES OF GOLD STANDING ANT 23 MILLION OZ OF SILVER///OTHER IMPORTANT COMMENTARIES

FTX Fiasco Highlights the Ponzi Nature of Modern Banking and the London Gold Market

by Ronan Manly, BullionStar:

The recent collapse of crypto exchange FTX and associated crypto trading firm Alemada Research has shell-shocked the financial world while wiping out the assets of FTX and Alameda customers and dragging down investments in the wider crypto space.

It has also, in revealing a cesspit of corporate misconduct and fraud, brought the concepts of Ponzi schemes and Fractional Reserve schemes firmly to the fore of public consciousness, while inviting parallels with other parts of the financial system, not least, comparisons to the modern banking system and the paper gold market.

The Prepper Potential of an Old Cell Phone

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by Mr. Zipph, Survival Blog:

Over the years, I have read many articles on communications in a grid-down situation. Those articles typically focus on using ham radios or CB radios to communicate with other like-minded folks in a TEOTWAWKI scenario. I have also read articles focused on the importance of gathering and accessing important information that you would need if the Schumer hiints the fan (TSHTF). These articles typically discuss the importance of having hard-copy books and printed planning information, contact information, and other important information that would be valuable to have.