Tuesday, August 3, 2021

THE PAPER GOLD TAIL WAGGING THE GOLDEN DOG

by Egon Von Greyerz, Gold Switzerland:

Investors may hope that the biggest financial experiment and debt bubble in history will last another 100 years. And they can pray that the currency system which has lost 98% of its value in the last 50 years will last another half century.

But that would be investing on a wing and a prayer with extremely poor odds of success.

Since neither the wing nor the prayer is likely to save investors from the greatest economic and financial collapse in global history, the need for protection or insurance is vital.

China’s Gold Market Continues to Recover

by Peter Schiff, Schiff Gold:

Chinese gold imports have nearly returned to pre-pandemic levels and the world’s biggest gold market continues to recover.

According to the latest data reported by the World Gold Council, China imported 67.6 tons of gold in May. That was 65 tons higher than May 2020 and only three tons lower than May 2019, before the coronavirus pandemic gripped the country.

Last spring, China gave the green light for the import of 150 tons of gold. The report notes that China’s returning appetite for gold could potentially “support global prices.” Reuters called the size of the expected Chinese gold imports a “dramatic return to the global bullion market.”

HUGE RIOTING IN PARIS FRANCE AS THEY REBEL AGAINST VACCINATION PASSPORTS

by Harvey Organ, Harvey Organ Blog:

GOLD UP $2.20 TO $1811.05//SILVER DOWN 13 CENTS TO $$24.96//GOLD STANDING AT THE COMEX: 6.404 TONNES//SILVER DROPS A BIT TO 33.445 MILLION OZ//CORONAVIRUS UPDATE: DR BHADKI A MUST VIEW//FLOODING CREATING HAVOC IN EUROPE (ESPECIALLY GERMANY) AND ALSO CHINA//HUGE RIOTING IN PARIS FRANCE AS THEY REBEL AGAINST VACCINATION PASSPORTS

LBMA hopes European Banking Authority will exempt bullion banks from Basel 3 as UK just did

from Silver Doctors:

Having just gotten from the BOE an exemption from the “Basel 3” protocol that threatened to make the “paper gold” business prohibitively expensive for bullion banks, the LBMA…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

Having just gotten from the Bank of England an exemption from the “Basel 3” protocol that threatened to make the “paper gold” business prohibitively expensive for bullion banks, the London Bullion Market Association announced yesterday that the European Banking Authority has agreed to consider reducing the burden that Basel 3’s “net stable funding ratio” imposes on bullion banks in the European Union.

EXPLOSIVE INFLATION CAUSES A COLLAPSE IN HOME AND CAR PRICES

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID//GOLD DOWN $13.50 TO $1814.60//SILVER DONW 57 CENTS TO $25.73//ANOTHER QUEUE JUMP OF 5700 OZ//NEW GOLD STANDING: 6.25 TONNES/SILVER OZ DROPS TO 33.6 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES//BRANDON SMITH ON HARM FROM VACCINES//GREECE NOW UNDER HUGE PROTESTS BECAUSE OF CORONAVIRUS RESTRICTIONS//SOUTH AFRICA CALM TODAY/EXPLOSIVE INFLATION CAUSES A COLLAPSE IN HOME AND CAR PRICES//SWAMP STORIES FOR YOU TONIGHT

DEMOCRATS UNVEIL A $3.5 TRILLION INFRASTRUCTURE DEAL

by Harvey Organ, Harvey Organ Blog:

GOLD UP $15.50 TO $1824.90//SILVER UP 7 CENTS TO $26.19//GOLD STANDING AT THE COMEX ADVANCES TO 4.2674 TONNES/SILVER FALLS SLIGHTLY TO 18.655 MILLION OZ//BIG STORY TONIGHT: DR DAVID MARTIN: IT IS TWO HRS BUT A MUST VIEW//CORONAVIRUS UPDATES/VACCINE UPDATES//SOUTH AFRICA STILL IN TURMOIL//DEMOCRATS UNVEIL A $3.5 TRILLION INFRASTRUCTURE DEAL

HUGE FOREST FIRES RAGING SOUTH OREGON AND THREATENING CALIFORNIA

by Harvey Organ, Harvey Organ Blog:

GOLD DONW $4.55 TO $1805.70//SILVER UP 3 CENTS TO $26.17//GOLD STANDING AT THE COMEX UP TO 4.04 TONNES/SILVER STANDING DOWN TO 32.655 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES///DR MCCALLAUGH INTERVIEW A MUST VIEW//SOUTH AFRICA IN TOTAL CHAOS AS LOOTING AND SHOOTING IN BOTH DURBAN AND J’BURG//PLATINUM PALLADIUM AND IRIDIUM RISE AS SOUTH AFRICA IS THE DOMINANT PRODUCER OF THESE METALS// CHINA VS USA: QUITE A FEW IMPORTANT STORIES// HUGE FOREST FIRES RAGING SOUTH OREGON AND THREATENING CALIFORNIA//SWAMP STORIES FOR YOU TONIGHT

COMPANIES VOW TO MANDATE COVID SHOTS AS SOON AS THEY ARE GIVEN “FULL APPROVAL”

by Mac Slavo, SHTF Plan:

Many companies, especially hospitals, are going to mandate the COVID-19 experimental gene therapy shot as soon as it is given full Food and Drug Administration approval. Already, without full approval, Houston Methodist hospitals have made headlines for firing employees who continue to refuse to take this shot.

It Has Begun: Want To Work? Get The Jab

Employees at more than 40 hospitals in Missouri, Kansas, and some neighboring states will be required to get a COVID-19 vaccination, the Mercy health system announced Wednesday, making it among the few in the nation to mandate the shots. The rule goes into effect on September 30 for the hospitals, which are in such cities as Springfield, Joplin, and St. Louis, as well as in Kansas, Arkansas, and Oklahoma. These hospitals will require the vaccine whether full approval is given or not.

USA BLACKLISTS 20 MORE CHINESE FIRMS AS CHINA SEETHES

by Harvey Organ, Harvey Organ Blog:

GOLD UP $10.25 TO $1810.25//SILVER UP 19 CENTS TO $$26.14//GOLD STANDING AT THE COMEX RISES TO 3.8 TONNES/SILVER OZ STANDING REMAINS CONSTANT AT 33.8 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATE//DR HOFFE: A MUST SEE VIDEO ON THE VACCINES//CHINA LOWERS ITS RRR AS IT’S ECONOMY IS SPUTTERING//USA BLACKLISTS 20 MORE CHINESE FIRMS AS CHINA SEETHES//SWAMP STORIES FOR YOU TONIGHT

SPONSORS ABANDON SUPPORT FOR JAPANESE OLYMPICS AFTER SPECATORS NOT ALLOWED IN

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $1.90 TO $1800.00//SILVER DOWN 9 CENTS TO $25.95//GOLD TONNAGE STANDING 3.47 TONNES//SILVER OZ STANDING DROPS TO 33.8 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES//MORE CHINESE FIRMS DROP PLANS FOR USA IPO//SPONSORS ABANDON SUPPORT FOR JAPANESE OLYMPICS AFTER SPECATORS NOT ALLOWED IN//CHINESE ECONOMY SPUTTERING//14 MILLION AMERICANS STILL ON THE DOLE//INTERSTING READ FROM TOM LUONG0//WELLS FARGO STOPS ALL PERSONAL LINES OF CREDIT: SOMETHING IS UP!!//INFLATION WATCH//SHRINKFLATION IS BACK!!//SWAMP STORIES FOR YOU TONIGHT

Washing Out the CoT

by Craig Hemke, Sprott Money:

Longtime precious metals observers know that positions in COMEX gold always ebb and flow with price and position extremes often mark price highs and lows. This “washing” of the Commitment of Traders report is something we should discuss this week.

First of all, the primary news event this week will be the Wednesday release of the minutes from the June FOMC meeting. You’ll recall the reaction to this meeting led to a very sharp short squeeze in the Dollar Index—a short squeeze that led to a massive smashing in COMEX precious metal prices. Could a detailed look at the meeting minutes reveal a scenario where the dollar falls backward later this week? If so, the oversold COMEX metals should be due for a bounce.

PEAK SILVER. PEAK DEBT. PEAK INSANITY. — KEITH NEUMEYER

Keith Neumeyer, the CEO & President of one of the world’s largest silver producers First Majestic, and the founder and Chairman of First Mining Gold, returns to SGT Report discuss the insanity of the Federal Reserve and central banks, peak silver and a very unique opportunity that can only be exercised BEFORE July 14th.

Comex June/July 2021 Update

by Peter Schiff, Schiff Gold:

This analysis focuses on gold and silver data provided by the Comex/CME Group. The Comex allows investors/traders to gain exposure to commodities using futures contracts. Contracts can settle for delivery of the physical commodity. Tracking the demand for physical metal can give better insight into the market. See the article What is the Comex for more detail.

MONETARY MADNESS AND MANIPULATION — RANA VIG

Rana Vig the CEO of Blue Lagoon Resources joins me to discuss the precious metals markets, metals manipulation, out of control money printing and a unique opportunity in the precious metals mining space amidst a whirlwind of potentially hyperinflating fiat currencies.