Monday, July 15, 2024

Red Alert!

by Jim Rickards, Daily Reckoning:

Hurricanes are a threat if you live in certain areas. Yet, hurricanes are reliably confined to a hurricane season that runs from June to November in the Northern Hemisphere.

Likewise, wildfires are a threat, but they’re usually confined to periods when dry conditions and high winds combine to make forests predictably combustible.

Put differently, the exact timing of some catastrophes may be unpredictable but they’re usually associated with certain seasons and conditions.

Right now, we’re in the heart of banking crisis season. Even worse, we could be on the brink of a financial crisis worse than 2008.

MEGA GOLD OPPORTUNITY — SHANE WILLIAMS, CEO

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from SGT Report:

Shane Williams the President & CEO of West Red Lake Gold joins me to discuss the seismic moves away from the US dollar standard, the dangers of fiat printing which inevitably leads to hyper inflation and societal collapse, and the gargantuan opportunity in this yet to be discovered undervalued Canadian gem, West Red Lake Gold.

LEARN MORE:
https://westredlakegold.com/
WRLG: TSXV | WRLGF: OTCBQ

This video was produced on behalf of GoldMining Inc, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit: https://portal.goldstandardir.com/disclaimer/WRLGF-14

Six Consecutive Withdrawals From SLV

by Ed Steer, Silver Seek:

The gold price wandered quietly sideways until around 12:30 p.m. China Standard Time in GLOBEX trading on their Friday afternoon — and from there it was sold quietly lower until the the commercial traders of whatever stripe pulled their bids when the jobs report was released at 8:30 a.m. in New York. Its low tick was set at, or minutes after, the 10 a.m. EDT afternoon gold fix in London — and its ensuing rally ran into ‘something’ around 12:45 p.m. It then traded quietly sideways to a bit higher until the market closed at 5:00 p.m. EDT.

Mission Accomplished?

by Ted Butler, Silver Seek:

A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment is correct, the most logical conclusion is that we may be at the end of the long-running manipulation and set to rocket higher in silver prices. Let me present the facts and leave it to you to decide for yourself.

Great King’s Days Are Numbered

by Jim Rickards, Daily Reckoning:

As I’ve been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today.

A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader’s Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).

The fact is the global desire to move away from the dollar as a medium of exchange for international trade in goods and services has gone from a discussion point to a novelty to a looming reality in a remarkably short period of time.

‘The Most Insane Thing Ever’ – Man Finds Huge Hoard Of Civil War Gold On Kentucky Farm

from ZeroHedge:

A Kentucky man has unearthed an astounding cache of Civil War-era gold coins from a cornfield on his farm. Among the hundreds are a type of coin that has sold at auction for more than $100,000 — and there are about eighteen of them.  

While the extraordinarily lucky man’s identity and the location of his property are still under wraps, his find has been certified by the Numismatic Guaranty Company (NGC), which describes itself as “the world’s largest and most trusted third-party grading service for coins, tokens and medals.” The treasure heap has become an instant numismatic legend, christened as “The Great Kentucky Hoard.”

ALERT! Got Silver?….FDIC Plans for the “Mother of All Bank Runs!” (Bix Weir)

from RoadtoRoota:

TRUTH LIVES on at https://sgtreport.tv/

Record Silver Demand in 2022 and Other Silver News

by Peter Schiff, Schiff Gold:

All major categories of silver demand charted highs in 2022, contributing to a new total global silver demand record of 1.242 billion ounces.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Industrial demand was up 5% last year to 556.5 million ounces, driven by rapidly increasing use in the green technology sector. Industrial offtake makes up nearly half of all silver demand.

Silver and the Popping of the Debt Bubble

by Hubert Moolman, Survival Blog:

We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s.

At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped.

Despite high relative debt levels and a rising interest rate environment, the US was in a good position due to the US dollar being the premier world currency as a result of the 1944 Bretton Woods agreement.

Hillary Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency

by Dave Hodges, The Common Sense Show:

While France led the proponents of the UN Security Council Resolution that would create a no-fly zone in Libya, it claimed that its primary concern was the protection of Libyan civilians (considering the current state of affairs alone, one must rethink the authenticity of this concern). As many “conspiracy theorists” will claim, one of the real reasons to go to Libya was Gaddafi’s planned gold dinar.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves.

COLLAPSE & NEW MONETARY ORDER INCOMING — ANDY SCHECTMAN

from SGT Report:

President of Miles Franklin and friend of SGT Report returns to discuss the collapse of fiat currencies around the globe, and the rise of silver, gold and Bitcoin.

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ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME

by Harvey Organ, Harvey Organ Blog:

BRICS MEETING STARTS TOMORROW//GOLD PRICE UP $7.15 TO $1894.30 WHILE SILVER WAS UP 59 CENTS TO $23.28//PLATINUM WAS UP $2.20 TO 914.60//PALLDIUM WAS DOWN $14.25//INTERESTING VIEWS: PETER SCHIFF AND CHRIS POWELL //ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME//OTHER COVID AND VACCINE UPDATES//SLAY NEWS/EVOL NEWS/NEWS ADDICTS//CHINA’S REAL ESTATE WOES WORSE THAN THOUGHT//UKRAINE VS RUSSIA UPDATES//UPDATES ON THE MAUI FIRE

COMEX Silver and the GDX | Gold and Silver Price Analysis

by Craig Hemke, Sprott Money:

The price of gold is up over $100 year-to-date and yet precious metal enthusiasts are suffering through some of the worst sentiment and depression on record. Why? It’s hard to say, but the performance of the mining shares thus far in 2023 has a lot to do with it.

Let’s start with the gold price. As I type this on June 20, COMEX gold is up $118 on the year or about 6.5%. This is right in line and moving toward the annual average gain since the new century began, as you can see below in this chart from Ronnie Stoeferle and his team at Incrementum.

Gold Contracts for Immediate Delivery Explode Higher

by Peter Schiff, Schiff Gold:

In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.

In the latest Comex update, I mentioned that:

Gold has started a bit slow. This shouldn’t be a surprise though as the game in gold continues to be net new contracts.

As the chart below shows, total delivery volume remains a bit below the trend. However, the delivery month just got started.