from The Money GPS:
by Arjun Walia, Collective Evolution:
- The Facts:Documents obtained by researchers clearly outline the unethical and immoral actions Tobacco companies used to ‘hook’ kids onto sugary drinks. They use the same tactics they did for smoking.
- Reflect On:Why do and have our federal health regulatory agencies allow such products to be approved as safe for consumption when they are clearly linked to a variety of diseases, like cancer?
Many moves made by multiple big corporations are extremely unethical, immoral, and downright shocking. These corporations have completely compromised our federal health regulatory agencies, and it’s quite clear that they do not care about the health of the human race and will do anything when it comes to the success of the products they manufacture, including taking illegal and/or immoral actions.
by Craig Hemke, Sprott Money:
Demand for physical delivery through the COMEX futures market continues, and this has significant implications for the future of the current fractional reserve and digital derivative pricing scheme.
It’s now mid-summer and the July COMEX contracts have moved into their delivery phase. The numbers are as amazing as they are historic, thus this updated summary is necessary today.
Back in late March, the COMEX nearly failed, as Covid-related sudden delivery demands in the spot gold market drove massive losses for many of the Bullion Banks. Much has been written about this since, so there’s no need to recap what happened. However, a handy summary—including an easy-to-understand explanation of the COMEX “delivery” process—can be found here: https://www.bullionstar.com/blogs/ronan-manly/the-…
by Dave Kranzler, Investment Research Dynamics:
The precious metals sector – gold, silver and mining stocks – is in the early stages of a rabid bull market. The mainstream media has been dead silent on the performance of the precious metals, which is not a surprise to those of us who have been involved in the sector since 2001, when gold bottomed at $250, silver was around $4 and the HUI index was at 45.
Since September 2018, gold has significantly outperformed the stock market. In fact, per this chart below, measured in terms of real money the Dow is in a bear market – down 36.3% since September 2018:
by Wolf Richter, Wolf Street:
No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
OK, dear reader, I feel like I’m fighting a one-man battle against media misinformation or something. I didn’t want to descend into housing-data purgatory with you, and you didn’t want to either, but now we’re on the way after the horrifically brain-dead misreporting in the media about the Case Shiller Home Price Index this morning by lazy-ass reporters, or increasingly by spaghetti-code algos, who didn’t bother to read the Case-Shiller methodology – or better yet, my past articles about the Case-Shiller Index.
by Peter Schiff, Schiff Gold:
Earlier this month, the Federal Reserve announced it would begin buying individual corporate bonds. Now we have our first glimpse at what that means in practice.
On Saturday, the Fed released a disclosure statement that lists the bonds purchased by the central bank.
The amount so far is relatively modest $428 million. Junk bonds made up $15.5 million of that total.