Tuesday, November 29, 2022

Sink Or Swim? Silver Begins Week Under $19, Gold Under $1750

from Silver Doctors:

Gold & silver “market” “participants” are hoping someone throws them a lifesaver, even if all they ever get thrown is an anchor…

(by Half Dollar) We’ve supposedly got a “war” going on and the ever-present threat of more war, including that of the nuclear type.

Meh.

We’ve supposedly got the Federal government spending hundreds of billions of dollars on something more than just cash transfers to their own personal bank accounts.

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JUNE. ACCUMULATION FOR EFP’S SILVER

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $2.00 TO $1936.00//SILVER UP 9 CENTS TO $21.77/PLATINUM UP $9.55 TO $942.80//PALLAIUM UP $56.00 TO $1881.45//COVID RELATED STORIES//VACCINE INJURIES//VACCINE IMPACT//MICHAEL EVERY REPORT/UKRAINE VS RUSSIA UPDATES//INFLATION STORY UPDATES

CRAZY COIN PREMIUMS: High Prices & Why Investors Should Shop Around

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by Steve St. Angelo, SRSRocco Report:

With the shortage of U.S. Mint Gold & Silver Eagle coins, I decided to check some of the premiums from the large online dealers.  Actually, I was quite shocked by how high the premiums were being charged for the smaller-denominated Gold Eagles coins.  Are investors actually paying these high prices?

Unfortunately, if investors do not shop around, they will pay a great deal more for gold and silver than they should.  I don’t spend much time on this, because I love to do research, analysis, and chart-making for the Precious Metals & Energy Industry.  However, I just had to share this with subscribers and free members.

World’s Biggest Hedge Fund Makes the Ultimate Case for Gold

from Birch Gold Group:

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Bridgewater Associates CIO’s pro-gold outlook, the miserable effects of putting an end to the gold standard, and 4 reasons to buy gold’s current dip.

Here’s why Bridgewater sees gold as one of few assets worth owning

Rebecca Patterson, chief investment strategist at Bridgewater Associates (the world’s largest and most successful hedge fund), explained how the firm is bracing for a prolonged stagflationary period. Patterson revealed that institutional investors are bracing for the toxic economic combination of high inflation and slow or negative growth – and to protect themselves from “sustained bear markets.”

Gold Will Come Out Stronger from the Economic Hurricane

from Silver Doctors:

Good news for gold!

by Arkadiusz Sieron of Sunshine Profits

Recession calls are getting louder. If history is any guide, the bust is coming. Good news for gold!

An economic hurricane is coming. Brace yourselves! This is at least what Jamie Dimon suggested last month. To be precise, he said: “Right now, it’s kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road, coming our way. We just don’t know if it’s a minor one or Superstorm Sandy.” When JP Morgan Chase’s CEO is painting such a gloomy picture, you know that something serious is going to happen!

Comex Update: At This Rate the Silver Metal Will be Gone in Months

by Peter Schiff, Schiff Gold:

Let’s say you were a country or a group of very wealthy individuals and Covid hits. You see governments around the world print money like crazy. It makes you think there might be some inflation to deal with and you want to protect yourself. Gold and silver are the logical choices. So, if you decide to accumulate a whole bunch of precious metals, how would you do it?

You couldn’t do everything at once or it could move prices or possibly raise alarm bells that would block you from obtaining the metal you want. So, you would probably slowly start taking ownership of as much metal as possible without driving up the price. About halfway through accumulation, you would probably want to start taking physical possession of that metal. This seems like a logical and strategic plan.

RUSSIA EXITS THE WHEAT DEAL AND THAT CAUSES WHEAT TO SKYROCKET

by Harvey Organ, Harvey Organ Blog:

GOLD FELL BY $4.00 ON THIS FIRST DAY NOTICE: GOLD DOWN TO $1637.40//SILVER IS FLAT AT $19.18//PLATINUM IS DOWN $15.50 TO $931.00//PALLADIUM IS DOWN $49.50 TO $1855.25//HUGE BOMBING RAIDS ON KIEV AS THE CITY IS NOW WITHOUT POWER AND WATER//HUGE PROTESTS CONTINUE IN IRAN FOR 5TH WEEK//RUSSIA EXITS THE WHEAT DEAL AND THAT CAUSES WHEAT TO SKYROCKET/LOCKDOWNS CONTINUE IN CHINA’S I PHONE CITY AS COVID NUMBERS INCREASE//HUGE DEAL WITH LEBANON AND ISRAEL ON THEIR MARITIME BORDER AND THAT COULD BE A GAME CHANGER//BOLSONARO LOSES IN BRAZIL TO LULU//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT

Central Bank Demand for Gold Set to Strengthen

by Stefan Gleason, Money Metals:

The explosion in retail demand for gold has made headlines, but retail investors aren’t the only ones steadily stockpiling the yellow metal.

Central banks around the world are stockpiling gold in a big way – and appear poised to do so even more.

According to a recent central bank survey conducted by the World Gold Councilgold remains a favorable reserve asset globally.

Central banks buy and hold gold for many of the same reasons that retail investors do.