COMEX Gold Futures Explained Part 1: The Basics

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May 20, 2023

by Jan Nieuwenhuijs, Gold Seek:

This is part one of a series on COMEX gold futures contracts, for those interested to reach a proper understanding on this section of the gold market. In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.

The History of Futures Trading

According to various sources the first traces of futures trading have been found in ancient Greece, medieval Europe, and seventeenth-century Japan. Though futures markets as we know them today emerged from North American commodity trade in the nineteenth century.

Gold Has Record Number of Contracts Cash Settle to Start June Delivery

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June 2, 2023

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by Peter Schiff, Schiff Gold:

As expected, gold has turned in a fairly strong start to the month. It’s below April but is still early in the contract.

As shown below, the amount on First Position was actually the highest since last August which should lead to high delivery volumes.

The Gold Standard Is Back: BRICS To Intro Gold-Backed Reserve Currency

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July 10, 2023

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by Quoth The Raven, QTR’s Fringe Finance:

Remember back when the Russia/Ukraine war had just started, and I predicted that Russia and China would launch their own gold backed currency?

At the time, this idea sounded completely foreign, and I was ridiculed for bringing it up. Today, it just become reality. 41+ countries look like they could be returning to a gold standard.

North Carolina Bill Would Launch Study of a State Gold Bullion Depository

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June 21, 2023

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by Michael Maharrey, Schiff Gold:

A bill making its way through the North Carolina legislature would mandate a cost-and-benefit study on creating a state precious metals bullion depository. A bullion depository would not only create a safe place to store precious metals; it could also facilitate the everyday use of gold and silver in financial transactions in North Carolina and set the stage to undermine the Federal Reserve’s monopoly on money.

The Most Important Time to Own Gold

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June 28, 2023

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from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: John Williams on why inflation is worse than presented, Poland wants more gold, and Korea introduces gold ATMs.

John Williams: When inflation is really this bad, you need physical gold

John Williams is perhaps best known for his ShadowStats website, which provides inflation updates based on the measurements formerly used by the Federal Reserve. In the 1980s, the government decided that inflation was more of a marketing problem than a financial problem – and subsequently changed the way Consumer Price Index (CPI) numbers are captured and reported.

Singapore – The World’s largest central bank gold buyer in Q1 2023

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June 2, 2023

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by Ronan Manly, BullionStar:

Last year, a major theme in the global gold market was the record gold buying by central banks across the world, with the World Gold Council and its data gatherers (Metals Focus) calculating that central banks had cumulatively purchased a net 1136 tonnes of monetary gold during 2022.

At the outset of 2023, this led the World Gold Council to predict that:

“Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.”

BRICS Gold Plan Confirmed by Russian Sources

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July 8, 2023

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from SD Bullion:

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

Race to the Bottom

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July 27, 2023

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by Jim Rickards, Daily Reckoning:

The currency wars are alive and well. Here’s the latest battle…

Over the past nine months, the Japanese yen rallied 13% against the dollar. But now the yen has started to fall in value.

This decline is not surprising. Japan’s economy has been flirting with recession. A new recession, likely in my view, would be the ninth recession since the historic stock market and real estate crash in Japan in 1990.

The End of the Doldrums | Gold and Silver Outlook

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August 30, 2023

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by Craig Hemke, Sprott Money:

Get ready for a shift in the precious metals markets as August comes to a close. Learn how recent data releases and market trends could impact the gold and silver price in the upcoming weeks.

August is typically a very quiet month for the COMEX precious metals as traders everywhere try to sneak in one last vacation before summer ends. Those “dog days” are now drawing to a close, so we should all brace ourselves for renewed volume and volatility as the calendar moves toward September.

Bix Weir – We Have The Gold, Taiwan Is Run By The [DS], The Good Guys Are Winning

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September 2, 2023

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from X22 Report:

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

WAGNER GROUP WARNS RUSSIA THAT THEY MAY EXIT BUKHMUT DUE TO LACK OF AMMO

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May 6, 2023

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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

New Reports Validating That Silver Is on the Brink of Extinction

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October 23, 2023

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by Jon Forrest Little, Silver Seek:

The Silver Academy is a 24-week series of articles documenting never-released information surrounding silver.

Let’s begin.

Silver has been used for thousands of years as ornaments and utensils, for trade, and as the basis for many monetary systems. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity.

Bank crisis pushes gold to near record

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May 6, 2023

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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: