Saturday, February 23, 2019

GOLD UP SHARPLY FROM FRIDAY BY $22.95 TO $1341.90

by Harvey Organ, Harvey Organ Blog:

SILVER BREAKS THE $16.00 BARRIER AT $16.01 UP 25 CENTS/WE HAVE AT THE COMEX: 33.45 TONNES OF GOLD STANDING FOR DELIVERY OF WHICH THERE IS ONLY 23.13 TONNES OF REGISTERED GOLD AND ALREADY 31.825 TONNES OF GOLD HAVE BEEN SERVED UPON//JAPANESE GOVERNMENT TRAPPED AS THERE IS LITTLE LEFT OF BONDS TO BUY AND YET THEY NEED MORE STIMULUS// VENEZUELA IS A CONTINUAL DOWNWARD SPIRAL AS MORE BANKS CUT THEM OFF FOR FUNDING: MADURO REFUSES FOREIGN AID/TED BUTLER: A MUST READ ON THE SILVER FRAUD//HUGE NUMBER OF SWAMP STORIES FOR YOU TONIGHT

Craig Hemke – Make-Believe Gold and Silver Scheme Going to Collapse

from Greg Hunter:

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

Hey UK! It’s not just Venezuela, what happened to Australia’s gold?

by Ronan Manly, BullionStar:

Australia’s gold at the Bank of England – Extended Q & A

Recently, news network RT.com asked for my comments on the question of the 80 tonnes of the Reserve Bank of Australia’s (RBA) gold reserves and their supposed storage location at the Bank of England’s gold vaults in London. Based on some of those comments, RT has now published an article in its English language news website at www.rt.com about this Australian gold that the RBA claims is held in London.

The RT.com article, which was published on 18 February 2018, is titled “Hey UK! It’s not just Venezuela, what happened to Australia’s gold?“, and can be read in full on the RT website.

For the commentary, RT actually asked me quite a few interesting questions on both the Australian gold and other related gold topics. Since both the extended questions and the answers might be of interest to readers, we have decided to publish below the full set of questions and answers in Q&A format, which are as follows:

Hello Old Friend…Gold Nears $1,350 Resistance That Has Repelled It Four Times In 5 Years

by John Rubino, Dollar Collapse:

The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets g.

And now it’s gearing up for another try.

GOLDEN SLINGSHOT: Gold Is In The Early Stages Of A Parabolic Up-Trend

from Silver Doctors:

Gold is likely to surprise a bunch of people with a break-out above $1400, and then gold is expected to accelerate dramatically. Here’s why… 

by Clive Maund via Streetwise Reports

Gold has been turned back so many times in recent years from the strong resistance approaching the $1,400 level, that most investors have now been well trained, like Pavlov’s dog, to expect it like clockwork, and as we know, it is just when this mindset prevails that gold is likely to surprise the majority by actually breaking out above this level.

Gold Could Regain Status as a True Global Currency

from Birch Gold:

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold is the next global currency of choice, a new catalyst will drive silver prices higher in 2019, and Russia considers abandoning gold taxes to boost investment in the metal.

Gold Will Become the Next Global Currency of Choice

With a wobbly stock market, falling Treasury yields and rampant geopolitical strife, the focus on gold as an asset has been intense as of late. The metal’s price gains reflect this, as gold recently proved able to hold above a key resistance level, which holds bullish implications.

John Rubino – Gold Looking Brighter

by Kerry Lutz, Financial Survival Network:

John Rubino returns… Gold has been looking much brighter lately, but is it ready to shine? The declining global financial system has made many of us believe that gold would keep going up and up. But we’ve been wrong for years. Precious metals markets have been in a pronounced secular bear market, with lower lows and lower highs. Until now, perhaps. The key technical resistance point is $1350-$1363 per ounce. If it breaks through in the near term, we’ll have our needed confirmation. However, it might not follow through, in which case we’ll be looking towards a summer rally. Either way, it’s entirely likely that the tide has turned.

Click HERE to Listen

Jim Willie: Interview with Mark O’Byrne -GoldCore (2/14/19)

from The Gadfly:

Mark O’Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.

Click HERE to listen

Read More @ TheGadfly.com

Explaining the Fall of Western Society As We Know It

by Martin Armstrong, Armstrong Economics:

I didn’t expect such a strong comment from you.
Specifically, what does this mean?
On the level of ancient Rome? Followed by the dark ages or just mediocrity and the rise of the East?

China Officially Re-Joins Gold-Buying Spree

from Russia Insider:

After China’s official gold reserves rose for the first time in around two years (since Oct 2016) in December, Beijing appears to have joined the global gold rush, increasing its gold reserves for the second month in a row in January to 59.94 million ounces.

As we previously notedChina has long been silent on its holdings of gold as many countries are turning away from the greenback.

Fed Chairman Deceives; Precious Metals Mine Supply Threatened

by Clint Siegner, Money Metals:

Chris Martenson: Extraordinary Changes Coming as Delusion about Conventional Markets Ends

Coming up Chris Martenson of PeakProsperity.com and famous author of The Crash Crouse and his latest book Prosper! joins me to dissect what’s behind the Yellow Vest movement in France and why the mainstream media and those in power simply don’t want you to know what’s really going on there. Chris also tells us which precious metal he most favors right now. Don’t miss another wonderful interview with the great Chris Martenson, coming up after this week’s market update.

In a recent speech, Federal Reserve chairman Jerome Powell told some real whoppers. We’ll address his misrepresentations head on, in just a bit.

Click HERE to listen

Deal between Washington and Daesh to smuggle stolen gold from Syria

by Hazem Sabbagh, SANA:

Deir Ezzor, SANA – As it is trying to convince the world of its imaginary victory over Daesh,(ISIS) Washington is still cooperating with the terrorist organization, with the latest and possibly last chapter of this cooperation involving a deal involving stolen gold.

Local sources reported that the US forces that are present illegally in Syria have used helicopters to transport large boxes full of the “spoils” of Daesh terrorists from al-Dashisha area in Hasaka province’s southern countryside.

Gold is being recognized as money again by Central Banks

by Alex Deluce, Gold Telegraph:

Central banks seem to be in the news a lot. But does anyone actually know what their function is? Central banks control money, pure and simple. They determine a country’s money reserves (the amount of currency regular banks keep in their vaults), interest rates, and they print money, which invariably affects the rate of inflation. Every time you make a loan payment, the central bank has determined the interest.