by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN ONLY BY $1.30 AFTER A RAID ORCHESTRATED BY OUR BANKERS AS OPTIONS EXPIRY WEEK BEGINS//SILVER CLOSED DOWN ONLY 8 CENTS TO $22.96//PLATINUM CLOSED DOWN $11.55 TO $888.70//PALLADIUM WAS DOWN $6.40 TO $1126,85//ESSENTIAL READING MATERIAL TODAY: DR LACALLE AND ESPECIALLY CONRAD BLACK//UPDATES ON ISRAEL VS HAMAS//COVID UPDATES// VACCINE INJURIES
by Harvey Organ, Harvey Organ Blog:
GOLD FINISHED THE DAY UP $5.00 TO $1958.40//SILVER WAS DOWN 13 CENTS TO $23.54//PLATINUM HAD A GOOD DAY UP $31.35 WHILE PALLADIUM WAS UP ONLY $5.80 TO $1414.95//GOOD READING MATERIAL TODAY FROM MATHEW PIEPENBURG AND MIKE MAHARREY OF SCHIFFGOLD/BIS REPORT SHOWS THE USA RAISES THE AMOUNT OF GOLD BORROWED (136 TONNES) TO SUPPRESS THE PRICE//SEC SUES BINANCE AS CRYPTOS CRUMBLE//UKRAINE VS RUSSIAN UPDATES/COVID UPDATES/DR PAUL ALEXANDER//SLAY NEWS/EVOL NEWS/CORE FACTORY ORDERS UNEXPECTEDLY SHRINK
by Martin Armstrong, Armstrong Economics:
I reported previously that a dealer I knew suddenly had his credit line closed. I have warned that besides banks preparing for the coming CBCDs closing local branches in the USA as well as in Britain, I seriously question if they will allow people to buy precious metals and use cryptocurrencies post-CBDC. This is about control, and they want to shut down what they view as the underground economy, which they estimate is 20%-35%, and this is about increasing their taxation to automatic theft. This is the net result of Direct Taxation, which the Founding Fathers warned would happen, so they prohibited any form of Direct Taxation in the Constitution. The Socialists seized power and pushed for the income tax in 1913, and that has been a slow grinding process that led to eventually owning nothing and being very miserable – not happy.
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?
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers.
For all the bearishness we’ve seen this year regarding gold in the headlines, it seems gloomy forecasts for a 12-month period are hard to come by. British research firm Capital Economics, for example, expects gold to end next year around $2,100, with rate cuts as the primary driver.
by Craig Hemke, Sprott Money:
Buckle up for a riveting ride with Eric Sprott, our community’s financial luminary, as he tackles inflation, naked shorting, interest rates, and the precious metals market. Joined by host Craig Hemke, they not only dissect today’s financial landscape but also serve up a tantalizing preview of what’s in store for 2024, offering essential insights for navigating the economic rollercoaster ahead!
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
by Claudio Grass, Claudio Grass:
This question has been at the center of a great many conversations I’ve been recently having with clients and friends. The way I like to answer it is with another question: Expensive compared to what?
Despite its recent surge to record highs, there are compelling reasons why purchasing gold right now is a prudent decision, with strong indications that its value is poised to climb even higher. Making investment decisions solely based on the current price of any asset without considering its underlying value or future potential can be prove to be a very costly mistake.
by Peter Schiff, Schiff Gold:
While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.
From the January to the September preceding elections since 1980, gold prices have tended to rise. This is often attributed to the nature of the relationship between incumbent presidents and the Fed, as existing administrations put pressure on the central bank to maintain looser monetary policy to foster an illusion of economic prosperity (which presidents can then “take credit” for). Meanwhile, knowing that they’re more likely to be replaced if the other side wins, Fed chairs have an incentive to play ball.
