by Craig Hemke, Sprott Money:
Longtime readers may recall that I’ve been using these weekly Sprott Money posts to highlight the use and abuse of the COMEX Exchange For Physical (EFP) system since late 2017 when Eric Sprott asked me to start monitoring the daily EFP volume. It’s time for an unusual and unexpected update.
But first, where to start? Perhaps with some old links as background? Here are a few from the period of 2018-2020:
by Hubert Moolman, Silver Seek:
Silver is getting very close to a mania phase based on signals from the Dow/gold ratio previously presented. Furthermore, since it is normal for silver to lag gold’s performance, and given that gold has performed so well over the last couple of years, it is expected that we would likely see an even better performance by silver over the coming years.
Here is a long-term silver chart compared to a long-term Dow/gold ratio chart:
by Stuart Englert, Gold Seek:
If you want a pocketbook example of how far the United States has strayed from the supreme law of the land, look no further than the nation’s money.
Today’s dollar is nothing like it was intended when the U.S. Constitution was written and ratified nearly 240 years ago.
“No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts,” reads a passage from Article I, Section 10, Clause 1, known as the contract clause.
Repeatedly circumvented and undermined by subordinate federal and state statutes, the constitutional provision has been disregarded, negated and violated almost since the ink was dry on the now faded, yet foundational, legal document. Not surprisingly, many of the details and directives in the nation’s highest law remain a mystery to many elected officials.
by John Rubino,John Rubino’s Substack:
When cryptocurrencies first emerged, the blockchain (a distributed ledger that tracks ownership of bitcoin and other cryptos) caught the attention of gold-standard proponents.
What if, they mused, gold is the base money of the post-reset financial system, but — without ever leaving its vaults — it transacts on a blockchain, giving it the frictionless mobility it lacks in the physical world? That just might be tomorrow’s money.
But it didn’t happen right away, and then a million other things in finance, politics, and technology distracted us with more immediate threats and opportunities. The digital gold concept, as a result, was back-burnered.
from Birch Gold Group:
Bombs fall. Markets panic. Gold’s price doesn’t react. That’s not a glitch – it’s a warning. Headlines aren’t driving gold anymore. Not war. Not inflation reports. Just the slow, undeniable collapse of faith in business as usual…
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:
by Greg Hunter, USA Watchdog:
Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com has been forecasting “Danger of Deep Worldwide Recession in 2025.” It looks like his thesis is turning out correct. He predicted interest rates would be declining. They did. And inflation has been going down right along with the economy as illegal immigration was being stopped and deportations ramped up. Dowd says, “Our friend Joe Biden spent anywhere between $500 billion to $2 trillion to bring these people in and set them up. Now, that’s all going the wrong way. Trump has shut down the border crossings, and as deportations heat up, that will only add to the problem. There will be a lot of supply, and prices have already started coming down in certain regions, and that is going to accelerate. Inflation is going to be coming down. Chairman Powell is dead-ass wrong. Tariffs are actually deflationary, and he’s holding rates higher for longer. That is going to end up being a big policy error. We think interest rates have peaked for the year. . .. We think the Fed will be forced to cut rates when the hard data comes in the wrong way.”
from ZeroHedge:
Authored by Douglas French via The Mises Institute,
You hear about gas prices everyday.
The President brags that per gallon prices have dropped to $1.99 in some places.
After paying over $4.00 here in Las Vegas, I wonder where he is talking about. He ran on bringing down prices at the pump, saying “drill baby drill” constantly at his rallies.
