Wednesday, November 20, 2019

GOLD RISES BY $2.90 UP TO $1396.00

by Harvey Organ, Harvey Organ Blog:

HOWEVER SILVER SLIPS BY 22 CENTS DOWN TO $15.29/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1396.00 UP $2.90 (COMEX TO COMEX CLOSING)

Silver: $15,29 DOWN 22 CENTS (COMEX TO COMEX CLOSING)//

Gold Is Historically Cheap To The Stock Market

by Dave Kranzler, Investment Research Dynamics:

“The monetary authorities running the paper-money schemes of the present are anxious to forestall significant rises in the paper price of gold, because such rises would diminish confidence in the lasting value of the paper money in use today.” – Hugo Salinas Price

The price of gold was victimized by yet another raid on the Comex paper gold market on Friday. The pattern has been repetitive over the last 15-20 years:  hedge funds push the price of gold higher accumulating a massive net long position in gold futures while the Comex bullion banks feed their appetite, building up a mirror-image large net short position.

Stewart Thomson: Gold – Central Bank Sentiment Is Rock Solid

from Silver Doctors:

Stewart says it’s a clear win-win situation for gold bugs around the world. Here’s why…

by Stewart Thomson of Graceland Updates

March 19, 2019

  1. The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.
  2. If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly.

Who Are The Gold Buyers That Pushed The Price Over $1,400?

by Steve St. Angelo, SRSRocco Report:

In June, the gold price finally broke above the $1,400 level after five long years.  So, who was responsible for pushing the gold price to a new high since 2013?  Well, if we look at the data, it most certainly wasn’t the physical gold investor.  And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rather than be big buyers… which I found quite interesting.

International Gold Prices Climb to One-Week High Amid Dollar Slowdown

from Russia Insider:

The developments come as the People’s Bank of China’s fresh data revealed on Monday that Beijing has expanded its gold reserves for the fourth straight month.

A weak US dollar prompted gold prices to climb to a more-than-one-week peak in global markets on Monday.

Spot gold increased by 0.4 per cent to $1,296.87 per ounce after touching its highest since March 29 at $1,297.86 during the session earlier in the day, Reuters reports.

GOLD: $1284.30  UP $1.80 (COMEX TO COMEX CLOSING)

by Harvey Organ, Harvey Organ Blog:

GOLD: $1284.30  UP $1.80 (COMEX TO COMEX CLOSING)

Silver:  $14.89 DOWN 3 CENTS  (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : 1284.60

silver:  $14.91

LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals

by Ronan Manly, BullionStar:

Michael Nowak, JP Morgan Chase managing director and head of the bank’s global precious metals desk, who is also a Board member of the London Bullion Market Association (LBMA), has just been indicted and charged by the US Department of Justice (DoJ) with manipulating the prices of precious metals-futures contracts over an 8 year period.

Racketeering Conspiracy and other Federal Crimes

In the indictment unsealed 16 September 2019, the DoJ charged LBMA Board member and JP Morgan managing director Nowak, along with JP Morgan precious metals trader Gregg Smith and former JP Morgan precious metals trader Christopher Jordan for:

Gold – A Test of the 2016 High Next – David Brady (15/02/2019)

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by David Brady, Sprott Money:

I preface the analysis I am about to share by saying that Gold is going to new highs later this year, but we are very likely to get a sizeable pullback first. There are several possible routes to those new highs, which I will summarize here, but all end up at the same destination.

TECHNICAL ANALYSIS

Gold has risen parabolically from its low of 1167 back in August. It peaked at 1331 on January 31, when extreme overbought and following clear negative divergence on both MACDs. It fell back to its support yesterday and bounced off of it. Should that parabola hold, you can see where it is headed, back up towards the 2016 high of 1377.

Keiser Report: A Progressive Case for Hard Money (E1410)

from RT:

In this episode of the Summer Solutions 2019 for the Keiser Report, Max and Stacy are joined by Alasdair Macleod of Goldmoney.com for his hard money pitch as a solution to many of the global economic and monetary woes causing societal unrest (from Occupy Wall Street to the Yellow Vests) and despair (like the more than 75,000 annual opioid overdoses in the U.S.).