Sunday, May 5, 2024

ANDY SCHECTMAN: SILVER PREMIUMS STEADY AHEAD OF DEBT CEILING STANDOFF

from Arcadia Economics:

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

TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

by Harvey Organ, Harvey Organ Blog:

ALL PRECIOUS METALS HAVE A GREAT DAY TODAY: GOLD CLOSED UP $9.70 TO $2035.50, SILVER WAS UP 7 CENTS TO $25.64 AFTER BEING DOWN ALL DAY//PLATINUM WAS UP $29.00 TO $1108.25//PALLADIUM WAS UP $14.70 TO $1570.20//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//VACCINE DEATHS AMONG YOUNG CHILDREN//DEBT CEILING MEETING IS TODAY BETWEEN BIDEN AND MCCARTHY//CRE CONTAGION SPREADS TO SWEDEN WITH ITS LARGEST REAL ESTATE CONGLOMERATE SHREDDED TO PIECES AS ITS BONDS GO TO JUNK AND ITS DIVIDEND SUSPENDED//BIDEN AGAIN DELAYS FILLING UP HIS SPR//TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

Central Bank Gold Buying Sets First Quarter Record

0

by Peter Schiff, Schiff Gold:

After a record-setting 2022, central banks continued to buy gold in the first quarter of 2023, setting a new Q1 record.

Overall, global central bank gold reserves increased by 228 tons through the first three months of 2023. This was 38% higher than the previous first-quarter record set in 2013.

Total central bank gold buying in 2022 came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension of dollar convertibility into gold in 1971. It was the 13th straight year of net central bank gold purchases.

VINCE LANCI: AT 3 AM, CHINA JUST MADE GOLD MONEY AGAIN

from Arcadia Economics:

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

CHINA MAY BE TAKING GOLD PUBLIC

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.”

GoldSeek Radio Nugget — Steve Rocco

0

from GoldSeek Radio Nugget:

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

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: