Gold Contracts for Immediate Delivery Explode Higher

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May 6, 2023

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.

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

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SGT

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May 9, 2023

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from Arcadia Economics:

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

The Totalitarians Despise Precious Metals

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January 21, 2024

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from OPERATION FREEDOM:

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Gold Price hits new All Time Highs amid huge increase in Volatility

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December 5, 2023

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by Ronan Manly, BullionStar:

With less than 20 trading days left until the end of 2023, we have just witnessed a series of record-breaking price developments in the international gold price, as well as heightened gold price volatility, and the price moving in a $120 range intraday.

While a new all-time high monthly close in the US dollar gold price was achieved on Thursday 30 November at $2040/oz, and new all-time highs on the weekly close and daily close were achieved on Friday 01 December at $2072/oz, these new record highs were in hindsight, overshadowed by what happened subsequently.

“Goldilocks” Is Gonna Get It

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SGT

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March 29, 2024

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by Jim Rickards, Daily Reckoning:

The Fed kept the fed funds rate unchanged at last week’s meeting, as I predicted.

That makes 17 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting (that’s not because I have a crystal ball but because I know how to read them).

Jay Powell’s press conference following the FOMC meeting was notable for how little was said about interest rate policy and how few questions there were from the media on that topic.

Don’t Dismiss the Possibility of Gold Confiscation

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SGT

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September 4, 2023

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by Doug Casey, International Man:

If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.

You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.

But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?

RAFI FARBER: RATES ROCKET AGAIN WHILE METALS HOLD THEIR GROUND

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SGT

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August 7, 2023

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from Arcadia Economics:

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

VINCE LANCI: IS SILVER FORMING A CUP AND HANDLE

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SGT

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December 27, 2023

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from Arcadia Economics:

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

Gold’s Got the Midas Touch Back

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SGT

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March 13, 2024

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by Jim Rickards, Daily Reckoning:

After two years of trading in a 20% range between $1,600 and $2,000 per ounce, gold finally broke out to the upside, closing at a new all-time high of $2,126 per ounce on March 4.

Better yet, if you’re a gold investor, gold has held its ground around $2,100 per ounce since breaking that ceiling (gold’s trading at around $2,187 today).

The Sizable Gold Futures Market

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SGT

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April 16, 2024

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by Craig Hemke, Sprott Money:

About a decade ago, the organization Wikileaks unearthed and released a very interesting memo from December of 1974. Given the counter-intuitive price action of last Friday, I thought it might be instructive to review again what Wikileaks found.

First let’s review the timing of the memo. As you can see below, it’s dated December 10, 1974. Why is that important? COMEX gold futures trading began on December 31, 1974.

The Process Explains the Price

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July 15, 2023

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by Ted Butler, Silver Seek:

Generally, for everything that has a price, the price is often the most important feature. Certainly, this is true in financial assets and commodities of all types, including stocks, bonds, real estate, raw and finished materials, as well as transportation, labor and just about everything under the sun (including solar power). As different as all these things may be and no matter how complicated the process of determining the price of all things may be, it is the process that determines the price.

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

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SGT

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July 13, 2023

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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.”