Friday, July 10, 2020

Gold: Full Speed Ahead!

from Junius Maltby:

https://www.youtube.com/watch?v=Ybl7qD4qROo

FOR THE THIRD TIME IN A WEEK EXPLOSIONS ROCK IRAN

by Harvey Organ, Harvey Organ Blog:

GOLD UP $6.50 TO $1784.40//SILVER UP 24 CENTS TO $18.25//GOLD SPREAD SPOT TO FUTURE $9.10 //IN SILVER: 33 CENTS/COMEX GOLD TONNAGE STANDING; 17.7 TONNES//CORONAVIRUS UPDATES FRIDAY-MONDAY//MANY COMMENTARIES RE CHINA VS USA////FOR THE THIRD TIME IN A WEEK EXPLOSIONS ROCK IRAN/USA ECONOMIC COMMENTARIES//MORE SWAMP STORIES FOR YOU TONIGHT

COMEX New York vaults add 730 tonnes of gold since the end of March

by Ronan Manly, BullionStar:

Back in the last full trading week of March beginning Monday 23 March when bullion banks in London failed to deliver gold in Exchange for Physical (EFP) transactions, this kicked off a huge and unprecedented divergence between COMEX 100 gold futures contract prices and the interbank spot gold price quoted in London, with for example, the COMEX price trading by over $80 higher than spot on Tuesday 24 March.

Gold Move

by Marin Katusa, Katusa Research:

Editor’s Note: We’ve recently been publishing these articles in video format on YouTube. If you’re interested, please click here to watch it.

For the first time since November 9th 2011, front month gold futures traded hands above $1,800 per ounce. It’s now knocking on the door of a major technical resistance level.

Gold RESET Breakout: on 10 Reasons

by Jim Willie CB, Gold Seek:

Hat Trick Letter

Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. The historically unprecedented ongoing collapse has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury Bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Production Down Significantly: Massive Silver Shortage Coming in the Near Future? – Nathan McDonald

by Nathan McDonald, Sprott Money:

The overall market cap of the silver sector is incredibly small when compared to other segments of the economy, and is thus susceptible to wild swings, manipulation and disruptions. This has always been the case; however, the remainder of 2020 may starkly highlight these problems.

Disruptions in silver supply have been severe over the last few months as the COVID-19 pandemic raged across the world, with some of the largest producers of silver suffering huge setbacks in production.

Fireworks with The Jackass

by Turd Ferguson, TF Metals Report:

It’s another three-day, U.S. market holiday weekend so you know what that means…a visit from our friend, The Golden Jackass himself, Jim Willie.

Much has changed since we last spoke with Jim a month ago…but much has stayed the same, too. If you want a reminder of where we left off in late May, here’s the link: https://www.tfmetalsreport.com/podcast/10164/thursday-conversation-jim-w…

For today, I mainly just a dropped a quarter into Jim’s back, pulled the string and left him go to town. You’ll find that my voice fills only about two of the sixty minutes…and that’s fine. You hear enough from me on a daily basis, anyway.

Click HERE to listen