UNLOCKED from Jan 9th
CHINA MAY BE TAKING GOLD PUBLIC https://t.co/AUcKsaDuXb pic.twitter.com/FaQA3uDSjo— VBL’s Ghost (@Sorenthek) May 8, 2023
UKRAINE VS RUSSIA: THE CRAZY UKRANIANS ARE FIRING ON THEIR NUCLEAR FACILITY
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $8.70 TO $2025.60 AS INVESTORS DEMAND PHYSICAL DELIVERY FROM THE MASSIVE SHORTS ON FRIDAY//SILVER WAS DOWN 7 CENTS TO $25.57//PLATINUM CLOSED UP $17.10 TO $1079.30//PALLADIUM CLOSED UP $51.10 TO $1555.50//ANDREW MAGUIRE: A MUST VIEW TAPE//ALSO DR DANIEL LACALLE: A MUST READ!//UKRAINE VS RUSSIA: THE CRAZY UKRANIANS ARE FIRING ON THEIR NUCLEAR FACILITY//COVID UPDATES//DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS/EVOLE NEWS//IN USA: HUGE RUN ON THE BANKS WITH 360 BILLION DOLLARS LEAVING BANK DEPOSITS FOR MONEY MARKETS//CREDIT CARD USE INCREASE AGAIN IN DRAMATIC FASHION AS MANY AS MAXED OUT//CALIFORNIA DEFAULTS ON PANDEMIC FUNDS ISSUED BY THE FEDS//TYSON FOODS, LARGEST FOOD PRODUCER IN THE USA SHOWS A LOSS IN LASTEST QUARTER/
Central Bank Gold Buying Off To A Record-Breaking Start In 2023, Led By Singapore
from ZeroHedge:
It may not be the off the charts gold buying observed in the second half of 2022, but central bank Central bank gold buying made a blistering start to 2023 when according to the latest report from the World Gold Council, demand for the hard currency by the world’s money-printing authorities reached 228 tonnes in Q1, a 176% increase compared to the 82.7 tonnes one year ago. While lower than the figures seen in the previous two quarters this was nonetheless the strongest first quarter on record. According to the WGC, “this is all the more impressive considering it follows the record-breaking pace of demand last year.”
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.
High Levels of Toxic Metals Found in Widely Consumed Drinks: Study
from The Epoch Times:
A new study has found that some commonly consumed beverages such as fruit juice and artificial soda contain levels of toxic metals including arsenic, cadmium, and lead that exceed federal drinking water standards.
Researchers from Tulane University, Louisiana, measured 25 different toxic metals and trace elements in 60 soft beverages, including single fruit juice, mixed fruit juice, plant-based milk, artificial soda, and tea.
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.
Bank crisis pushes gold to near record
by Alasdair Macleod, GoldMoney:
On the back of worrying developments in US regional banks, gold and silver performed well this week. This morning in European trade, gold was at $2039 up $53 from last Friday’s close after briefly testing new high ground, and silver was at $25.88, up 90 cents. Volumes on Comex picked up with the rise, and gold’s Open Interest is moving into neutral territory rather than being overbought, but silver is still marginally oversold. This is illustrated in our next two charts below:
WAGNER GROUP WARNS RUSSIA THAT THEY MAY EXIT BUKHMUT DUE TO LACK OF AMMO
by Harvey Organ, Harvey Organ Blog:
THE CROOKS RAID GOLD AND SILVER ON PHONY JOBS REPORT: GOLD CLOSED DOWN $30.30 TO $2016.90//SILVER CLOSED DOWN 31 CENTS TO $25.64//PLATINUM CLOSED UP $20.95 TO $1062.20 //PALLADIUM WAS UP $45.75 TO $1504.40//COVID UPATES/DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS//RUSSIA VS UKRAINE UPDATES/SUDAN WAR UPDATE//WAGNER GROUP WARNS RUSSIA THAT THEY MAY EXIT BUKHMUT DUE TO LACK OF AMMO
Ongoing U.S. Mint Failures Bring Discredit to America, Raise Costs
by Clint Siegner, Money Metals:
We are one third of the way through 2023, and it has certainly been interesting in the bullion markets thus far.
The year opened with supply and demand for coins, rounds, and bars pretty well balanced. Demand surged when the failure of Silicon Valley Bank awakened investors to the possibility of systemic problems among smaller and regional banks.
In the background, gold and silver prices have been drifting higher.
For the moment, retail bullion demand has eased, and the markets seem to be taking a breather.
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.
COMEX Gold JOLTed Again
by Craig Hemke, Sprott Money:
Last month, we wrote about how employment is usually the ultimate lagging indicator of recession, and when the JOLTS jobs report was issued on April 4, the slowdown in hiring “jolted” gold prices higher. The latest report is having the same impact.
As we often do in these weekly columns, let’s begin this one with a reference to that last time we covered this topic. Here’s a link to the article of four weeks ago along with a snippet of the first three paragraphs:
