Tuesday, June 22, 2021

A guess: Metals were smashed yesterday to offset today’s bad inflation report

from Silver Doctors:

Many people were wondering why gold and silver were smashed yesterday when there seemed to be no particular news unfavorable to the monetary metals…

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

12:09p ET Tuesday, April 13, 2021

Dear Friend of GATA and Gold:

RUDY GIULIANI’S NEW YORK APARTMENT RAIDED BY THE LEFTIST AG IN NEW YORK

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $4.80 TO $1774.20 AND SILVER CLOSED DOWN 31 CENTS TO $$26.04.HOWEVER GOLD/SILVER REVERSED COURSE WITH THE FOMC REPORT (USA SECTION)//GOLD TONNAGE AT THE COMEX FINALIZES AT 95 TONNES AND SILVER AT 14.935 MILLION OZ// MANY MAY SILVER OI BOLTS TO JULY AND THUS WE WILL HAVE OUR NORMAL 45 MILLION OZ STAND FOR DELIVERY//CORONAVIRUS UPDATE//VACCINE UPDATE//PLEASE READ DR. DOUG OF ALTHONEWS AS HE EXPLAINS A.D.E. AND HOW THE VACCINE MAKES ADE WORSE//COMMODITY WATCH: GOLDMAN SACHS STATES THAT COMMODITY PRICES WILL SURGE IN THE NEXT 6 MONTHS: GREATER DEMAND AND LESS SUPPLY//CHINA SUFFERS FIRST POPULATION DECLINE –SPELLS DEFLATION COMING TO THEM//FOMC STATEMENT: DOVISH COMMENTS CAUSES STOCKS TO FALL, BONDS TO RISE/GOLD TO RISE//POWELL USES THE WORD “FROTH” TO DESCRIBE SOME STOCKS AND THAT IS A NO NO//TRADE DEFICIT OF GOODS WIDENS TO 90 BILLION DOLLARS/RUDY GIULIANI’S NEW YORK APARTMENT RAIDED BY THE LEFTIST AG IN NEW YORK

JAPAN DECLARES 3RD EMERGENCY AS ANOTHER HUGE COVID OUTBREAK!/

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID TODAY: HUGE RUN ON GOLD AND SILVER AT THE COMEX WITH GOLD LOSING 14 TONNES AND SILVER A NET 480,000 OZ//GOLD CLOSES DOWN $3.40 TO $1781.60//SILVER DOWN 10 TENS TO $26.05//STRONG ADVANCE IN GOLD TONNAGE STANDING AT THE COMEX TO 93.6 TONNES//SILVER OZ STANDING REMAINS PAT AT 14.920 MILLION OZ//ANDREW MAGUIRE TAPE: AT THE VAULT EPISODE 36 A MUST VIEW///CORONOVIRUS UPDATES//VACCINE UPDATES//RUSSIA VS UKRAINE UPDATE AS RUSSIAN TROOPS PULL BACK//BIDEN WILLING TO DROP SOME SANCTIONS ON IRAN BEFORE AN AGREEMENT: STUPID!//JAPAN DECLARES 3RD EMERGENCY AS ANOTHER HUGE COVID OUTBREAK!//SWAMP STORIES FOR YOU TONIGHT

US Mint Delays Silver Shipments Due To “Global Silver Shortage”

from ZeroHedge:

Interest in silver is soaring (both for industrial use and financial investment), echoing 2013’s crisis, as a recent report from the Silver Institute, silver demand for printed and flexible electronics is forecast to increase 54% over the next 10 years.

Demand for silver in this rapidly developing sector is forecast to come in at 48 million ounces this year. By 2030, the demand is expected to surge to 615 million ounces.

CHINA OPENS THE DOOR FOR ALL CHINESE BANKS TO IMPORT GOLD AND THAT PROPELS GOLD TODAY

by Harvey Organ, Harvey Organ Blog:

CHINA OPENS THE DOOR FOR ALL CHINESE BANKS TO IMPORT GOLD AND THAT PROPELS GOLD TODAY: GOLD UP $13.60 TO $1779.50//SILVER UP 18 CENTS TO $26.05//GOLD TONNAGE AT COMEX RISES TO 88.8 TONNES//SILVER OZ DECLINES TO 14.885 MILLION OZ//SILVER MAY OI RISES TO ALMOST 186, 000 CONTRACTS WITH 10 DAYS BEFORE FDN//CORONAVIRUS UPDATES//VACCINE UPDATES//CHINA’S GROWTH SLOWS//CHAOS AT THE BORDER CONTINUES UNABATED/SWAMP STORIES FOR YOU TONIGHT

Why Did The CFTC Help Suppress Silver Futures Prices?

by Dave Kranzler, Investment Research Dynamics:

Before the CFTC inevitably ignores the following inquiry from Chris Marcus et al, I would remind its Chairman and the CFTC attorneys that the CFTC and its agents are  public servants — their function is to serve the public.  The compensation paid to the CFTC’s Chairman and Commissioners,  and  to its entire staff,  is funded by the United States’ taxpayers.

From GATA by way of introduction to Chris Marcus asking for an explanation of the CFTC’s effort to help suppress the price of silver in the Comex futures market: