Thursday, October 17, 2019

Silver-Gold Ratio Hits Quarter-Century High

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by Peter Schiff, Schiff Gold:

The silver-gold ratio hit the highest level in over a quarter century this week.

The ratio hit to 86:1 as dollar strength pulled both the price of silver and goldlower this week after the Federal Reserve indicated it plans to keep pushing interest rates higher. The price of silver fell even more steeply than the gold price. A research note by Commerzbank said it was that largest gap between the two metals in 25 years. Practically speaking, this means silver is undervalued compared to gold.

Still trust London with your gold? Poland latest to repatriate its bullion from the Bank of England

from RT:

Poland is repatriating gold from overseas, after it more than doubled its bullion holdings in the past year. Central banks all over the world have been stocking up on gold in recent years, shifting away from the US dollar.

The National Bank of Poland (NBP) has bought 100 tons of the precious metal since the beginning of this year, nearly four times more than it added to its reserves in 2018.

Now Warsaw wants to bring a significant part the precious metal back home, repatriating it from the Bank of England. The NBP wants to transfer at least 100 tons and store the repatriated bullion in its vaults.

Andy Schectman – Precious Metals Market Anomalies

by Kerry Lutz, Financial Survival Network:

Andy Schectman head of respected bullion dealer Miles Franklin joined us. Business is good. Perhaps more people are looking for the ultimate safe haven that precious metals afford. We examined several precious metals market anomalies and there are lot more. The gold silver ratio at around 84-1 is completely out of whack. The premium on junk silver is running less than one percent. Platinum prices are at generational lows when compared to gold and palladium. And finally, the palladium price is higher than gold and almost double that of platinum. What’s going on here and how long can it go on? And last but not least, JP Morgan Chase has accumulated nearly 1 billion ounces of silver, the largest hoard ever assembled. Why would they be accumulating this barbarous relic, along with mining stocks, SLV and other silver ETF’s. Some might dare call it manipulation; they’ve won every single metals trade they’ve made for years.

Click HERE to Listen

What Does The Fed’s New Regime Imply For Gold?

by Arkadiusz Sieron, via Silver Doctors:

What ‘s the new Fed regime, how does it work, and what does it imply for both US monetary policy and the precious metals? Here’s all that and more…

The Fed promised that the quantitative easing would be only temporary and that it would reduce its ballooned balance sheet to the pre-crisis level. Now, as the Fed adopted an interest targeting with ample-reserves, we know that this is not going to happen. We invite you to read our today’s article about the new Fed’s regime and find out how it works and what it implies for the US monetary policy and the precious metals.

TRUMP VS. THE PUPPETS & THEIR MASTERS — Bob Kudla

from SGTreport:

The private Federal Reserve, controlled by the elite international banks, does not care if raising interest rates destroys the US economy, or balloons the national debt interest payments to $1 Trillion per year. Meanwhile French puppet President Macron & German witch Merkel want a EU Army for their NWO masters to control. At this point it is Trump VS. the puppets and their masters. Trade Genius founder Bob Kudla joins me to discuss.