Friday, April 19, 2024

ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME

by Harvey Organ, Harvey Organ Blog:

BRICS MEETING STARTS TOMORROW//GOLD PRICE UP $7.15 TO $1894.30 WHILE SILVER WAS UP 59 CENTS TO $23.28//PLATINUM WAS UP $2.20 TO 914.60//PALLDIUM WAS DOWN $14.25//INTERESTING VIEWS: PETER SCHIFF AND CHRIS POWELL //ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME//OTHER COVID AND VACCINE UPDATES//SLAY NEWS/EVOL NEWS/NEWS ADDICTS//CHINA’S REAL ESTATE WOES WORSE THAN THOUGHT//UKRAINE VS RUSSIA UPDATES//UPDATES ON THE MAUI FIRE

MANUFACTURED CRISIS! FOOD COLLAPSE INCOMING! – Farmers Forced To ABANDON Crops!

from World Alternative Media:

TRUTH LIVES on at https://sgtreport.tv/

COMEX Silver and the GDX | Gold and Silver Price Analysis

by Craig Hemke, Sprott Money:

The price of gold is up over $100 year-to-date and yet precious metal enthusiasts are suffering through some of the worst sentiment and depression on record. Why? It’s hard to say, but the performance of the mining shares thus far in 2023 has a lot to do with it.

Let’s start with the gold price. As I type this on June 20, COMEX gold is up $118 on the year or about 6.5%. This is right in line and moving toward the annual average gain since the new century began, as you can see below in this chart from Ronnie Stoeferle and his team at Incrementum.

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:

RAFI FARBER: HERE’S WHERE ALL THAT JP MORGAN SILVER WENT

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/

TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

by Harvey Organ, Harvey Organ Blog:

ALL PRECIOUS METALS HAVE A GREAT DAY TODAY: GOLD CLOSED UP $9.70 TO $2035.50, SILVER WAS UP 7 CENTS TO $25.64 AFTER BEING DOWN ALL DAY//PLATINUM WAS UP $29.00 TO $1108.25//PALLADIUM WAS UP $14.70 TO $1570.20//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//VACCINE DEATHS AMONG YOUNG CHILDREN//DEBT CEILING MEETING IS TODAY BETWEEN BIDEN AND MCCARTHY//CRE CONTAGION SPREADS TO SWEDEN WITH ITS LARGEST REAL ESTATE CONGLOMERATE SHREDDED TO PIECES AS ITS BONDS GO TO JUNK AND ITS DIVIDEND SUSPENDED//BIDEN AGAIN DELAYS FILLING UP HIS SPR//TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

Silver Is Significantly Underpriced Given the Looming Supply Shortage

by Michael Maharrey, Schiff Gold:

Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.

The bullish case for silver in the mainstream typically revolves around price inflation. There are certainly reasons to think inflation is stickier than the powers that be want to admit and that the Federal Reserve isn’t going to be able to win the inflation fight. That is bullish for both silver and gold.

But I don’t hear a lot of people in the mainstream talking about the looming supply shortage in the silver market.

Russia Begins Evacuating People From Area Around The Zaporizhzhia Nuclear Station

by Mac Slavo, SHTF Plan:

The Zaporizhzhia nuclear station has become “potentially dangerous” as Russian officials began evacuating people from nearby areas. United Nations officials have also commented that the situation is becoming “increasingly unpredictable.”

The head of the UN’s nuclear power watchdog called for measures to ensure the safe operation of Europe’s largest nuclear plant as evacuations were underway in the nearby town of Enerhodar, according to a report by Yahoo News.  Rafael Grossi, director general of the International Atomic Energy Agency (IAEA), said on the agency’s website: “The general situation in the area near the Zaporizhzhia nuclear power plant is becoming increasingly unpredictable and potentially dangerous.

Halftime 2023

by Craig Hemke, Sprott Money:

We’re not quite through the first half of 2023, but just for fun, let’s take a stab at what we might expect to occur in the second half, at least as it pertains to gold and silver prices.

It’s early June, and the next FOMC meeting is one week away. Will the Fed hike the fed funds rate another 25 basis points or will they pause and take time to assess the economic damage that has already been done? We can’t know the answer to that question, but whether they do or whether they don’t, the forecast for the remainder of 2023 will remain the same.

BRICS Nations To DESTROY U.S. Dollar: Gold Backed BRICS Currency To SHATTER Global Order

from Stew Peters Network:

TRUTH LIVES on at https://sgtreport.tv/

FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS

by Harvey Organ, Harvey Organ Blog:

GOLD PRICE CLOSED DOWN $11.30 TO $1912.40//SILVER CLOSED UP ONE CENT TO $23.11//PLATINUM CLOSED UP $10.45 TO $912.50//PALLADIUM CLOSED UP $24.65 TO $1241,75//IMPORTANT GOLD COMMENTARY/PODCAST TODAY FROM PETER SCHIFF//FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS//ISRAEL SOUNDS ALARM BELL ON POTENTIAL RUSSIAN ARMS SELLING TO IRAN//COVID UPDATES//VACCINE UPDATES//DR PAUL ALEXANDER//SLAY NEWS//NEWS ADDICTS/EVOL NEWS//USA NEWS: THE HOUSE TO HOLD IMPEACHMENT INQUIRY//STILL NO AGREEMENT ON UAW VS CAR INDUSTRY//CRE STILL IN BIG TROUBLE IN THE USA ALONG WITH THE BANKS

Gold Has Record Number of Contracts Cash Settle to Start June Delivery

by Peter Schiff, Schiff Gold:

As expected, gold has turned in a fairly strong start to the month. It’s below April but is still early in the contract.

As shown below, the amount on First Position was actually the highest since last August which should lead to high delivery volumes.

Singapore – The World’s largest central bank gold buyer in Q1 2023

by Ronan Manly, BullionStar:

Last year, a major theme in the global gold market was the record gold buying by central banks across the world, with the World Gold Council and its data gatherers (Metals Focus) calculating that central banks had cumulatively purchased a net 1136 tonnes of monetary gold during 2022.

At the outset of 2023, this led the World Gold Council to predict that:

“Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.”