Sunday, July 12, 2020

FOR THE THIRD TIME IN A WEEK EXPLOSIONS ROCK IRAN

by Harvey Organ, Harvey Organ Blog:

GOLD UP $6.50 TO $1784.40//SILVER UP 24 CENTS TO $18.25//GOLD SPREAD SPOT TO FUTURE $9.10 //IN SILVER: 33 CENTS/COMEX GOLD TONNAGE STANDING; 17.7 TONNES//CORONAVIRUS UPDATES FRIDAY-MONDAY//MANY COMMENTARIES RE CHINA VS USA////FOR THE THIRD TIME IN A WEEK EXPLOSIONS ROCK IRAN/USA ECONOMIC COMMENTARIES//MORE SWAMP STORIES FOR YOU TONIGHT

Massive Precious Metals Shortage Coming in the Fall – Andy Schectman

by Kerry Lutz, Financial Survival Network:

We connected with Andy Schectman of Miles Franklin, one of the nation’s largest bullion dealers, joined us. He experienced a massive surge in business during February and March. This resulted in huge premiums of $10 per ounce for silver and nearly $100 per ounce for gold. And Andy assures us that we ain’t seen nothing yet. With social unrest reaching new heights and massive stimulus racking the value of the dollar, he’s expecting a surge of new demand after the summer holiday. This will lead to record prices and extreme shortages. The time to buy is now. Just send Andy an email to andy@milesfranklin.com and he will match any bullion price you get from anyone out there. And remember Miles Franklin is licensed and regulated by the State of Minnesota, the only such company in the nation. Get ready for tough times and don’t forget to stock up on food, guns and ammo. Good luck!

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EU BANS USA TRAVEL ENTRIES

by Harvey Organ, Harvey Organ Blog:

GOLD UP A STRONG $16.50 TO $1783.50//SILVER UP 39 CENTS TO $18.20//GOLD STANDING FOR JULY 13.96 TONNES/SILVER STANDING FOR JULY 84 MILLION OZ/CORONAVIRUS UPDATES//USA REVOKES HONG KONG’S SPECIAL STATUS//CHINA’S XI PASSES THE NATIONAL SECURITY LAWS//EU BANS USA TRAVEL ENTRIES//SWAMP STORIES

83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal

from ZeroHedge:

Over the years, we have periodically reported of the occasional gold bar discovered as counterfeit in Manhattan’s Diamond District which instead of containing the yellow precious metal would be filled with gold-plated tungsten or in some cases copper. The news would spark a brief wave of outrage, prompting physical gold holders to run ultrasound spot checks of their inventory, at which point interest would wane and why not: buyer, after all, beware in gold as in every other market, and if someone is spending thousands to buy fake gold, well that’s Darwinism in action.

The Final Chapter – Ted Butler

by Ted Butler, Silver Seek:

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same.

As the US Government ran out of silver at the turn of the century, the COMEX-induced price manipulation took over by means of concentrated short selling by a small number of revolving banks and financial firms. The vital role of lead short seller varied among a number of firms  that saw the baton passed from Drexel Burnham Trading, to AIG Trading and to Bear Stearns (all of which failed financially), until finally it was passed to JPMorgan in 2008.

The gold market continues to be broken as future prices are much higher than spot prices

by Harvey Organ, Harvey Organ Blog:

WHAT A DAY!! GOLD UP $25.50 TO $1766.50//SILVER UP 16 CENTS TO $17.95//GOLD TONNAGE STANDING AT THE COMEX; 167.4 TONNES//CORONAVIRUS UPDATES//USA VS CHINA MAJOR STORY OF THE DAY

GOLD:$1766.50  UP $25.50   The quote is London spot price

Silver:$17.95//UP  16 CENTS  London spot price

The Curious Case of COMEX Gold Deliveries in April and June

by Ronan Manly, BullionStar:

Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? – ANOTHER

A lot has been written about the London gold spot price – COMEX gold futures price spread (EFP) blow up on 23/24 March, whose detonation has sent blast waves across the gold market on each side of the Atlantic, and whose trigger has been the subject of much speculation and debate.

Importantly, the fallout from this seismic event continues to roll on, and has caused unusual goings-on among the bullion banks in London and New York, such as:

– Deteriorating liquidity (bullion banks rapidly departing COMEX and London gold trading)

MUST VIEW TONIGHT: ANDREW MAGUIRE ON SCOTIA’S FORCED REGULATORY DEPARTURE FROM THE LBMA

by Harvey Organ, Harvey Organ Blog:

WILD DAY TODAY: GOLD UP $16.50 TO $1741.00//SILVER UP 22 CENTS TO $17.64//GOLD TONNAGE STANDING AT THE COMEX; 162.2 TONNES//MUST READ TONIGHT: RONAN MANLY ON THE COMEX GOLD INFLUX//MUST VIEW TONIGHT: ANDREW MAGUIRE ON SCOTIA’S FORCED REGULATORY DEPARTURE FROM THE LBMA//CORONAVIRUS UPDATE//CHINA VS USA// WIRECARD CORP, IN GERMANY MASSIVE FRAUD//HUGE NUMBER OF USA RELATED STORIES FOR YOU TONIGHT//SWAMP STORIES FOR YOU TONIGHT