from Arcadia Economics:
TRUTH LIVES on at https://sgtreport.tv/
The Long View: COMEX Precious Metal Prices in 2024
by Craig Hemke, Sprott Money:
An easily-predictable short squeeze has lifted COMEX precious metal prices off their recent floor. Equally predictable is the current rush to proclaim that new highs for 2024 will soon be forthcoming.
Let’s start with the latest Spec short squeeze. How can I say it was easily predictable? Below are X posts from yours truly on February 6 with follow up on February 9:
RUSSIA ATTACKS A DANUBE PORT WITHIN YARDS TO A BORDER WITH ROMANIA
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $2.45 TO $1962.55 WHILE SILVER ALSO HAD A STRONG DAY UP 24 CENTS TO $24.65//PLATINUM WAS UP $6.05 TO $969.80 WHILE PALLADIUM WAS UP $6.05 TO $1295.00/CHINA TO INITIATE MORE STIMULUS TO SUPPORT THEIR PLUMMETING ECONOMY//CHINA REPLACES ITS VANISHING FOREIGN MINISTER//EU REPORTS ON PLUMMETING LOAN DEMAND//UKRAINE VS RUSSIA UPDATES//RUSSIA ATTACKS A DANUBE PORT WITHIN YARDS TO A BORDER WITH ROMANIA//TENSIONS ESCALATE//COVID/VACCINE UPDATES//DR PAUL ALEXANDER/SLAY NEWS/EVOL NEWS/NEWS ADDICTS//ISRAEL IN A STATE OF CHAOS AFTER THE AFFIRMATIVE VOTE AS DRS GO ON STRIKE//YELLOW CARRIERS AND FED EX UPDATES
COMEX Gold JOLTed Again
by Craig Hemke, Sprott Money:
Last month, we wrote about how employment is usually the ultimate lagging indicator of recession, and when the JOLTS jobs report was issued on April 4, the slowdown in hiring “jolted” gold prices higher. The latest report is having the same impact.
As we often do in these weekly columns, let’s begin this one with a reference to that last time we covered this topic. Here’s a link to the article of four weeks ago along with a snippet of the first three paragraphs:
IMPLODING CHINESE ECONOMY INCLUDING THE HUGE LOSSES FROM EVERGRANDE
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $.65 TO $1977.25//SILVER CLOSED UP 11 CENTS TO $25.16//PLATINUM CLOSED DOWN $11.05 TO $976.10//PALLADIUM CLOSED DOWN $10.55// UPDATES ON THE IMPLODING CHINESE ECONOMY INCLUDING THE HUGE LOSSES FROM EVERGRANDE//PUTIN WILL ONLY ATTEND THE BRICS CONFERENCE AUGUST 22-24 BY VIDEO CONFERENCING//COVID UPDATES: HUGE UPDATE ON MYOCARDITIS CASES IN THE UK//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//EVOL NEWS//USA DATA: HOUSING PERMITS AND HOUSING STARTS PLUMMET//GOLDMAN SACHS EARNINGS PLUMMET//CRE DOMINOS START WITH STARWOOD DEFAULTING AND A HUGE PRIME BALTIMORE BUILDING SOLD FOR A DISCOUNT OF 63%//STRIKE AT FREIGHTCARRIER YELLOW TO BEGIN JULY 24//SWAMP STORIES INCLUDING THE VIDEO ON WHISTLEBLOWER TESTIMONEY ON HUNTER BIDEN TAX EVASION
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
