by Jim Rickards, Daily Reckoning:
The currency wars are alive and well. Here’s the latest battle…
Over the past nine months, the Japanese yen rallied 13% against the dollar. But now the yen has started to fall in value.
This decline is not surprising. Japan’s economy has been flirting with recession. A new recession, likely in my view, would be the ninth recession since the historic stock market and real estate crash in Japan in 1990.
by Craig Hemke, Sprott Money:
Get ready for a shift in the precious metals markets as August comes to a close. Learn how recent data releases and market trends could impact the gold and silver price in the upcoming weeks.
August is typically a very quiet month for the COMEX precious metals as traders everywhere try to sneak in one last vacation before summer ends. Those “dog days” are now drawing to a close, so we should all brace ourselves for renewed volume and volatility as the calendar moves toward September.
by Harvey Organ, Harvey Organ Blog:
THE CROOKS RAID GOLD AND SILVER ON PHONY JOBS REPORT: GOLD CLOSED DOWN $30.30 TO $2016.90//SILVER CLOSED DOWN 31 CENTS TO $25.64//PLATINUM CLOSED UP $20.95 TO $1062.20 //PALLADIUM WAS UP $45.75 TO $1504.40//COVID UPATES/DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS//RUSSIA VS UKRAINE UPDATES/SUDAN WAR UPDATE//WAGNER GROUP WARNS RUSSIA THAT THEY MAY EXIT BUKHMUT DUE TO LACK OF AMMO
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $5.15 TO $1919.60//SILVER CLOSED DOWN 9 CENTS TO $22.36//PLATINUM CONTINUES ITS DOWNFALL DROPPING $4.20 TO $922.05 WHILE PALLADIUM CLOSED DOWN $4.40 TO 1282.80//MUST READS FOR TODAY: MICHAEL MAHARREY OF SCHIFF GOLD// AND GORDON CHANG ON A NUCLEAR ARMED CUBA//THE TURKISH LIRA CONTINUES TO FALL, DROPPING INTO THE 25.20 RANGE//EUROPEAN AND USA PMI’S SLIDE//UKRAINE VS RUSSIA UPDATES: UKRAINE CROP OUTPUT DECLINES//COVID UPDATES: VERY IMPORTANT TO REPORT MASSIVE INCREASE IN CANCERS AS WELL AS TURBO CANCERS DUE TO VACCINE //USA LIFE EXPECTANCY DROPS FROM 79 TO 76//VACCINE UPDATES: DR PAUL ALEXANDER/SLAY NEWS/EVOL NEWS
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $16.80 TO $1926.75//SILVER WAS UP $42 CENTS TO $23.11//PLATINUM WAS UP $8.30 TO $915.30//PALLADIUM WAS UP $8.05 TO $1253.45//EXCELLENT COMMENTARY TODAY FROM ALSDAIR MACLEOD//CHINA NEEDS A BAILOUT OF $13 BILLION EQUIVALENT FOR ITS PROPERTY BANKING BUSINESS TO BAIL OUT LOCAL BANKS//MORE UPDATES ON FRANCE AS THEIR GUN CONTROL IS INEFFECTIVE IN STOPPING THE VIOLANCE//COVID/VACCINE UPDATES/DR PAUL ALEXANDER/SLAY NEWS/THE JOBS REPORT WAS A BUST TODAY AS EXPECTED AND THAT REVERSED OUR PRECIOUS METALS NORTHBOUND AGAIN//MORE UPDATES ON THE USA JUDGE BLOCKING CENSORSHIP FROM GOVERNMENT
by Jon Forrest Little, Silver Seek:
The G7 leaders say they are committed to reaching so-called “net zero” emissions by 2050 after halving global emissions by 2030.
The initiative has many buzz phrases such as building a “just and inclusive” clean energy economy. The plan vilifies fossil fuels and glorifies “green energy” with sweeping statements asking “stakeholders to improve their ESG performance.”
But most of us are confused by what this all means.
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $0.65 TO $1919.25//SILVER CLOSED DOWN $0.16 TO $24.18//PLATINUM CLOSED UP $4.60 TO $940.30//PALLADIUM CLOSED DOWN $42.60 TO $1236.70//BIG NEWS OF THE DAY FROM BRICS: SAUDI ARABIA AND OTHER GULF NATIONS WILL JOIN IN JAN 2024 OF WHICH ENDS THE PETRO DOLLAR SCHEME AND THE NEW PETRO YUAN WILL BEGIN//UKRAINE VS RUSSIA UPDATES//TURKEY RAISES ITS INTEREST RATE TO 25% AND THAT SENDS THE LIRA NORTHBOUND//COVID UPDATES/VACCINE UPDATES//SLAY NEWS//NEWS ADDICTS/EWOL NEWS//USA BANKRUPTCIES ON THE RISE//THE FOLLOWING RETAILERS CRUMBLE: DOLLAR TREE//T- MOBILE/
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN MARGINALLY TO THE TUNE OF $0.40 AFTER BEING WHACKED THROUGHOUT THE NIGHT: GOLD CLOSED DOWN $0.40 TO $2014.75//SILVER WAS DOWN 26 CENTS TO $23.97//PLATINUM WAS DOWN $35.85 TO $1061.25 WHILE PALLADIUM WAS DOWN $39.70 TO $1518.70//IMPORTANT COMMENTARY TO READ OVER THE WEEKEND: ALASDAIR MACLEOD/IMPORT VIDEO TO SEE ANDREW MAGUIRE INTERVIEWING DAVID TICE//COVID UPDATES: DR PAUL ALEXANDER/VACCINE IMPACT/EVOL NEWS/SLAY NEWS//UPDATE ON THE DEBT CEILING//H4 NEWS ON THE HUGE AMOUNT OF FUNDS LEAVING BANK DEPOSITS AND ENTERING THE MONEY MARKET FUNDS//HUGE UPDATES ON THE IMMIGRATION CRISIS FACING THE USA
