Wednesday, July 15, 2020

The Banks Fight At $15.80 Get ready. It’s going to be like this all year.

by Turd Ferguson, TF Metals Report:

This is so freaking obvious and ridiculous that I thought it deserved its own post. What’s even more ridiculous is the amount of shills and charlatans who still publicly cling to the silly notion that the Comex silver market is a free and fair marketplace for physical price discovery.

And we’ve been harping on this for months…even drawing the ire of our former friend, Uncle Ted. But pointing this out was NOT optional, regardless of whose toes we might step on. THE BANKS ARE NOT ON YOUR SIDE. THEY HAVE NEVER BEEN ON YOUR SIDE. THEY NEVER WILL BE ON YOUR SIDE. AND THEY WILL FIGHT US ALL THE WAY UP TO THE FINAL TICK OF THEIR FRAUDULENT SYSTEM.

Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC

by Mark O’Byrne, GoldCore:

As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance:

  • financial market instability
  • monetary policy and the US dollar
  • structural economic reforms.

Against this backdrop, we believe that gold has an increasingly relevant role to play in investors’ portfolios.

ALGOS JUICE THE DOW: UP 122 POINTS AND THE NASDAQ UP 29 POINTS

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $4.00 TO $1287.00/SILVER DOWN 11 CENTS TO $15.59/QUEUE JUMPING RETURNS TO THE COMEX FOR BOTH GOLD AND SILVER AS THE CROOKS NEED TO FIND PHYSICAL /HUGE ESCALATION WITH THE CHINESE AS THE USA SLAPS AN EXPORT BAN ON A HUAWEI SUBSIDIARY/POOR NUMBERS FROM CHINA SHOWING DEFLATION GRIPPING THE NATION/CHINA REPORTS A HUGE DOWNDRAFT IN CAR SALES FOR THE FIRST TIME/ITALY’S SALVINI MEETS WITH POLISH LEADER TO FORM AN ALLIANCE OF EUROSCEPTICS/FORD INTERNATIONAL TO SHUT DOWN PLANTS AND LET GO THOUSANDS OF JOBS/BRAZIL IN CHAOS TODAY/MORE SWAMP STORIES FOR YOU TONIGHT

“Gold, Meet Crypto”

by Doug Casey and Rick Rule, International Man:

Nick Giambruno: Rick, you’ve been in the resource market for decades. We recently discussed how you’re looking very closely at gold-backed cryptocurrencies. This is where the resource market is intersecting with blockchain technology and decentralized databases.

What made you interested in gold-backed cryptos?

Rick Rule: Well, first we believe that the potential audience for gold and cryptos is very similar. The people who believe that there should be mediums of exchange that aren’t government-sponsored will adopt both cryptos and gold.

Silver Outperforms Key Markets, Metals & Energy

by Steve St. Angelo, SRSRocco Report:

While December was a horrible month for the broader markets, that wasn’t the case for the precious metals.  As the Dow Jones and S&P 500 Indexes suffered the worst December since the Great Depression, the silver price enjoyed quite a healthy rally.  The notion of rising precious metals prices during a market selloff ran counter to most analysts who forecasted falling asset values across the board.

However, that’s exactly what took place in December.  I stated, since the beginning of 2018, that when the markets really started to decline the precious metals would likely disconnect and rally higher.  Over the past month, the silver price jumped by 10% and gold 5%, while most of the broader indexes, base metals, and energy suffered declines.  

GOLD AND SILVER RISE ON DOVISH FED (DOVISH SPEECHES/DOVISH FOMC)

by Harvey Organ, Harvey Organ Blog:

GOLD RISES $6.00 TO $1291.00/SILVER/ RISES 4 CENTS TO $15.70/REUTERS REPORTS THAT HUAWEI CORPORATION HAS HUGE TIES TO IRAN: THIS DOES NOT BODE WELL FOR MENG/CHINA WILL NOT BE HAPPY IF SHE IS IMPRISONED/FRANCE BASICALLY DECLARES MARSHALL LAW /YELLOW JACKETS DEEPLY ANGERED BY THIS/GERMAN AUTHORITIES HAVE 900 CLIENTS WHO EVADED GERMAN INCOME TAX WITH THE HELP OF DEUTSCHE BANK AS INDICATED ON THE PANAMA PAPERS/THE DONALD WALKS OUT ON CHUCK AND NANCY AS THEY GET NOWHERE ON THE GOVERNMENT SHUTDOWN AND THE WALL/MORE SWAMP STORIES FOR YOU TONIGHT