by Jeff Clark, GoldSilver:
Most everyone you know is a member of a cult. It’s not their fault, and they didn’t consciously seek it out, but your friends and family and almost everyone you know and even come in contact with belong to a system that has brainwashed them.
This cult is robbing them. And it’s doing so clandestinely, without their knowledge or approval. It’s so sly that they don’t even know it’s happening.
In fact, the leaders behind this cult have convinced them that this system is normal. They accept it, since that’s the way things are done and the way everyone else does it.
by Johanna Ross, Infobrics:
When it comes to Venezuela, Britain is suffering from split personality disorder. While the UK Foreign Office reportedly maintains ‘full, normal and reciprocal diplomatic relations’ with legitimately elected President Maduro’s government, and with Maduro’s UK ambassador, the British government has been actively supporting the self-appointed US-backed ‘leader’ Juan Guaido, who led the coup against Maduro in 2019.
by Harvey Organ, Harvey Organ Blog:
GOLD DOWN 50 CENTS TO $1798.80//SILVER UP 7 CENTS TO $18.69//HUGE TONNAGE STANDING AT THE COMEX: 21.321 TONNES//HUGE PREMIUMS FUTURE/SPOT CONTINUES FOR SILVER AS THIS METAL IS SCARCE IN EUROPE AND IN THE USA/ANDREW MAGUIRE TALKS WITH CHRIS MARCUS ON THE SILVER FRAUD AT THE SLV AND JPMORGAN///CORONAVIRUS UPDATES THROUGHOUT THE GLOBE//CHINA VS USA UPDATES//SWAMP STORIES FOR YOU TONIGHT
by Doug Casey, International Man:
Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one?
One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least.
by Egon Von Greyerz, Gold Switzerland:
As the world economy desperately tries to navigate to a safe harbour, is it going be pulled down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world severely weakened by debt and mismanagement is unlikely to have the strength of Odysseus to pass both obstacles without disastrous consequences.
by Alasdair Macleod, GoldMoney:
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and a banking crisis.
When the scale of the banking crisis is known the scale of monetary inflation involved will become more obvious. But in the politics of it, Trump is being set up as the equivalent of Herbert Hoover, and presumably Joe Biden, if he is well advised, will soon campaign as a latter-day Roosevelt. In Britain, Boris Johnson has already called for a modern “new deal”, and in his “Hundred Days” his Chancellor is delivering it.
by Steve St. Angelo, SRSRocco Report:
Today, both silver and gold broke above important technical levels. The gold price hasn’t been this high since September 2011 when it peaked at $1,923 during that month. Silver finally pushed through the critical $18.50 level and closed at $19.16, according to prices on Stockcharts.com.
First, let’s look at silver. While silver is still lagging gold, I believe it will start to outperform the yellow metal once it finally BREAKS above the $21 level. The monthly silver price has been stuck below the $18.50 level since 2016. While silver has traded above $18.50, it has not closed above it. We need to see the body of the Monthly Candlestick close above $18.50 for it to be a positive sign for traders. And, with silver closing today at $19.16, we could see a move to $21 rather quickly:
by Kerry Lutz, Financial Survival Network:
In this interview Craig Hemke of TF Metals Report explains what is really happening on the Comex and how it has transitioned it’s turned into a delivery market. Craig is looking forward to near record gold prices by the end of 2020 and $20 plus silver. The formula is quite simple, people are figuring out what’s really happening with the economy, the Federal Reserve and QE to Infinity. We always knew it was coming and now it has. The situation can’t last forever, but the alternative is to simply allow total collapse, and they’re just not going to do it. The question is when will they start bailing out states and cities?
Click HERE to Listen
from Silver Doctors:
Inflows into silver are likely to continue in the second half. As a result, the silver price is anticipated to surpass the US $21.00 mark in late-2020…
From The Silver Institute:
Posted on 07 09, 2020
Investors Flocked to Silver-backed Exchange Traded Products and Silver Bullion Coins
(Washington, D.C. – July 9, 2020) Silver’s role as a valued investment was broadly on display during the first half of 2020, as investors actively accumulated silver in the first six months of the year, leading to a 10 percent gain in investment demand. Paving the way was remarkably strong growth in silver-backed exchange-traded products (ETPs), which have posted successive all-time highs this year, together with solid silver coin and bar investment.