from The Jimmy Dore Show:
TRUTH LIVES on at https://sgtreport.tv/
Zimbabwe is launching gold-backed digital tokens: What you need to know
by Myra P. Saefong, Market Watch:
Zimbabwe is looking to gold to “expand value-preserving instruments,” launching a gold-backed digital currency last week as the nation suffers from hyperinflation and its currency continues to diminish in value.
The move is an “interesting experiment to see if locals will warm up to a more stable currency and trust the nation’s central bank in its endeavors,” Peter Spina, president of GoldSeek.com, told MarketWatch.
The Reserve Bank of Zimbabwe said it was issuing the gold-backed digital tokens in a move to “expand value-preserving instruments” available in the nation’s economy, as well as “enhance the divisibility of the investment instruments and widen their access and usage by the public.”
The Fed Gave Precious Metals Investors The Green Light
by Dave Kranzler, Investment Research Dynamics:
Yesterday (Wednesday, December 13th) the Fed signaled the end to interest rate hikes and, in so many words, implied that now the timing of rate cuts is being informally discussed. While stocks and bonds staged a rally, the precious metals sector sprinted higher. Gold and silver rose 2.4% and nearly 5%, respectively, while the mining stocks as represented by GDX soared over 6%. Across the board, the precious metals sector and mining stocks in terms of percentage price gains ran circles around the rest of the stock market. This should be the start of a long, sustained bull cycle in the precious metals sector that could take even seasoned gold bugs like me by surprise with the size of the moving coming.
Federal Reserve Policies and Silver Industrial Demand
by Craig Hemke, Sprott Money:
Watch Craig Hemke from Sprott Money and Chris Marcus from Arcadia Economics on the “Monthly Wrap-Up” podcast for a quick dive into the latest in precious metals. Get insights on soaring gold and silver prices, Federal Reserve policies, and global tensions, plus expert tips for navigating the market. Tune in now for your monthly dose of valuable analysis!
Mission Accomplished?
by Ted Butler, Silver Seek:
A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment is correct, the most logical conclusion is that we may be at the end of the long-running manipulation and set to rocket higher in silver prices. Let me present the facts and leave it to you to decide for yourself.
Why Are People Investing in Gold Now?
by Turd Ferguson, TF Metals Report:
- Delve into effective investment strategies while dissecting current market trends, offering valuable insights for navigating economic fluctuations.
Rickards on Gold Leasing: Is It All There?
by Jim Rickards, Daily Reckoning:
Our friend and colleague Jim Rickards has the energy and drive of a 20-year old. I try to read everything he writes, and watch all his media appearances. But sometimes a gem slips through the cracks.
Two months ago, Jim was featured on Daniela Cambone’s Youtube show. This was a gem, and luckily a reader alerted us to it.
The provocative title is “Jim Rickards: Is the Gold Gone? Did the U.S. Treasury Lease it? This Would Break the System”.
GOLD CLOSED DOWN ONLY BY $1.30 AFTER A RAID ORCHESTRATED BY OUR BANKERS AS OPTIONS EXPIRY WEEK BEGINS
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN ONLY BY $1.30 AFTER A RAID ORCHESTRATED BY OUR BANKERS AS OPTIONS EXPIRY WEEK BEGINS//SILVER CLOSED DOWN ONLY 8 CENTS TO $22.96//PLATINUM CLOSED DOWN $11.55 TO $888.70//PALLADIUM WAS DOWN $6.40 TO $1126,85//ESSENTIAL READING MATERIAL TODAY: DR LACALLE AND ESPECIALLY CONRAD BLACK//UPDATES ON ISRAEL VS HAMAS//COVID UPDATES// VACCINE INJURIES
UKRAINE VS RUSSIA: UKRAINIAN DRONES HAS A DIRECT HIT ON ROSTOV MILITARY COMPLEX/
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN 20 CENTS TO $1918.80//SILVER CLOSED DOWN 21 CENTS TO $22.97//PLATINUM CLOSED DOWN $4.30 TO $909.85 BUT PALLADIUM REVERSED COURSE TO CLOSE UP $3.35 TO $1,218.00//IMPORTANT READS FOR TODAY: TED BUTLER ON SILVER//CHINA BROADENS APPLE’S I-PHONE BAN AS THE TRADE WAR ESCALATES//UKRAINE VS RUSSIA: UKRAINIAN DRONES HAS A DIRECT HIT ON ROSTOV MILITARY COMPLEX//COVID UPDATES/VACCINE UPDATES/DR PAUL ALEXANDER//SLAY NEWS/NEWS ADDICTS/EVOL NEWS
BEIJING FLOODING THE USA MARKET WITH SALES OF USA TREASURIES
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $2.90 TO $1983.90 //SILVER WAS DOWN 14 CENTS TO $22.76//TODAY ENDS COMEX EXPIRY WITH THS COMING TUESDAY BEING OPTIONS EXPIRY FOR LONDON/LBMA/PLATINUM WAS DOWN $3.55 TO $905.35 WHILE PALLADIUM WAS UP $12.10 TO $1134.95//BEIJING FLOODING THE USA MARKET WITH SALES OF USA TREASURIES//ECB PAUSES ON ITS RATE HIKES AS EXPECTED//LAST NIGHT ISRAELI’S DID A MINOR EXCURSION INTO GAZA CLEARING OUT MAJOR PROBELMS LIKE BOMBS, BOOBY TRAPS AND ELIMINATING SOME HAMAS OPERATIVES//OTHER ISRAEL-HAMAS UPDATES//COVID 19 UPDATES//VACCINE UPDATES//DR PAUL ALEXANDER//SLAY NEWS //NEWS ADDICTS//EVOL NEWS//ANOTHER MASS SHOOTING IN THE USA (MAINE) WHERE 18 ARE CONFIRMED DEAD AND SHOOTER STILL AT LARGE
ISRAEL IS NOW FIGHTING A WAR ON THREE FRONTS: GAZA, THE NORTHERN BORDER WITH LEBANON FIGHTING HEZBOLLAH AND THE WEST BANK (GOLAN HEIGHTS/HAMAS STATIONED THERE)
by Harvey Organ, Harvey Organ Blog:
2023: GOLD CLOSED UP $11.20 TO $1873.20 WHILE SILVER CLOSED UP 17 CENTS TO $21.99 AS OUR BANKERS CONTINUE TO ASK FOR DELIVERY FROM OUR SHORT SPECS WHO ARE GETTING PUMMELED//PLATINUM IS UP $5.15 AND PALLADIUM IS NOW $.605 TO $1167.35: PLATINUM IS CONTINUALLY GAINING ON PALLADIUM//GOOD COMMENTARY TODAY FROM MATHEW PIEPENBURG//ISRAEL IS NOW FIGHTING A WAR ON THREE FRONTS: GAZA, THE NORTHERN BORDER WITH LEBANON FIGHTING HEZBOLLAH AND THE WEST BANK (GOLAN HEIGHTS/HAMAS STATIONED THERE)//LANNY DAVIS IS A GOOD READ FOR THOSE WHO NEED A BACKGROUND TO THE FIGHT BETWEEN HAMAS AND ISRAEL//COVID UPDATES/VACCINE UPDATES//SLAY NEWS//EVOL NEWS/NEWS ADDICTS//USA DATA: PPI RISES QUITE HIGH DUE TO THE RISE IN GAS PRICES
FED HAS ONLY $88 BILLION LEFT OR ROUGHLY UNTIL MAY 29
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $2/85 TO $2017.60//SILVER WAS UP 13 CENTS TO 424.10//PLATINUM WAS UP $7.00 TO $1068.25/PALLADIUM IS UP $15.00 TO $1833.20//GOOD STUDY ON SUPPLY/DEMAND PARAMETERS FOR PLATINUM AND IS A MUST READ//ALSO EGON VON GREYERZ COMMENTARY ON GOLD AND THE ECONOMY//COVID UPDATES: VACCINE IMPACT//DR PAUL ALEXANDER/SLAY NEWS/EVOL NEWS//UKRAINE VS RUSSIA UPDATES//USA DEPOSITS FROM BANKERS CONTINUE TO OUTFLOW//FED HAS ONLY $88 BILLION LEFT OR ROUGHLY UNTIL MAY 29//TIGER GLOBAL STARTS TO LIQUIDATE ITS HUGE NUMBER OF STARTUPS
A COMEX Silver Issue
by Craig Hemke, Sprott Money:
Just last week, the spot and COMEX price for gold broke out of its recent trading range and surged to new all-time highs. However, to the frustration of many, the spot and COMEX price for silver remains well below its highs of last May. What’s the deal? The answer may be found in the recent Commitment of Traders data.
Analysis of price trends for the COMEX metals involves myriad variables. One of those variables to consider is the current structure of the CFTC-issued Commitment of Traders report. Historically, a smallish Speculator net long position and a smallish Commercial net short position can clear the way for a price rally. Conversely, an overextended and large Speculator net long position often precedes a selloff and pullback in price.
