Tuesday, July 7, 2020

Gold and 2018: Looks Like the Perfect Storm

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by Alex Deluce, Gold Telegraph:

Gold prices hit a five-week high of $1,351.20 per ounce last Monday amidst reports of escalating threat of a trade war between the US and China, forcing investors rush to the safe haven gold. The gold prices also rallied on the back of Goldman Sachs analysts turning bullish on the yellow metal for the first time in over five years. The price increase was also fuelled by the appointment of John Bolton as the new national security adviser by Donald Trump, as the new adviser is considered a foreign policy “hawk”, accentuating geopolitical tensions.

The recent upsurge in gold prices is also attributed to the United States’ expulsion of 60 Russian diplomats for a nerve agent attack on a former Russian spy in Britain. Though the precious metal is always considered as the “go-to asset class” during times of political upheaval, it will be interesting to see whether the recent precipitous slide in the stock market will further fuel the surge in gold prices.

In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

from ZeroHedge:

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.

CONFIRMING HIS ROLE AS ANTICHRIST, POPE FRANCIS SPITS IN JESUS’ FACE AND DEFIANTLY DECLARES THAT ‘THERE IS NO HELL”

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by Geoffrey Grinder, Now The End Begins:

IN ANOTHER INTERVIEW WITH HIS LONGTIME ATHEIST FRIEND, EUGENIO SCALFARI, POPE FRANCIS CLAIMS THAT HELL DOES NOT EXIST AND THAT CONDEMNED SOULS JUST “DISAPPEAR.” THIS IS A DENIAL OF THE 2,000-YEAR-OLD TEACHING OF THE CATHOLIC CHURCH ABOUT THE REALITY OF HELL AND THE ETERNAL EXISTENCE OF THE SOUL.

“Ye serpents, ye generation of vipers, how can ye escape the damnation of hell?” Matthew 23:33 (KJV)

EDITOR’S NOTE: What’s the easiest way to confuse a Catholic? Ask them a question from the Bible. In all my years on this earth, and after 30 years of being a Catholic who endured 12 years of Catholic Jesuit education, I can honestly say the following. I have never met a nun, priest, bishop, monsignor or cardinal who knew anything about the Bible, not one bit not one speck of Bible truth. Catholics devote their entire lives to the Vatican, and live and die without ever knowing the Jesus of the Bible. Pope Francis said today that ‘there is no Hell’, in wanton disregard and violation of the teachings of Jesus Christ who emphatically declares that there is a Hell, burning with flames, and that you should avoid going there at all costs. Pope Francis is a deceiver, an antichrist, and just possibly the actual Antichrist mentioned in the Bible. Ironically, if Francis were to die today, he would find himself in the very Hell he says does not exist.

The Engine That Drives Civilization Has Failed In America – Our Ruination Can Be Traced Back To The Decay And Disintegration Of The ‘Family Unit’ And America Becoming A Fatherless Nation

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by Mary Taylor, All News Pipeline:

Now you see him–now you don’t! When it comes to disappearing dads and fatherless homes, the American family isn’t what it used to be.

In short, fatherlessness has become a crisis in this country, as pillars that once upheld the traditional American family—heterosexual married parents, at-home moms, generational boundaries, and parental discipline–give way to a new, looser morality that affects America’s children, and not for the better.

The National Center for Fathering maintains that almost every social ill faced by today’s children is related to fatherlessness. The Center cites data showing that children raised in fatherless homes are more likely to be poor and to become involved in drug and alcohol abuse.

“They are more likely to drop out of school, and suffer from health and emotional problems,” the site points out. “While boys are more at risk of becoming involved in crime, girls are more likely to become pregnant as teens.”

So Hell Isn’t Real Eh?

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by Karl Denninger, Market Ticker:


I was wondering how long the Vatican would take before it said that the Pope’s words were “misunderstood”…..

The Vatican on Thursday worked to set the record straight on whether Pope Francis denied the existence of hell in an interview with a well-known Italian journalist.

The controversy started when 93-year-old journalist Eugenio Scalfari, the founder of La Repubblica newspaper, publisheda report that he asked Francis where “bad souls” end up going, USA Today reported. Francis’ reply, according to the journalist, was that those who repent could be forgiven but those who do not, “disappear.”

Of course what the Vatican now says is that the reporter “misconstructed” what the pontiff said. Uh huh.

They also accuse him of doing it before.

Silencing Julian Assange

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from Disobedient Media:

On March 28, Julian Assange, Editor of Wikileaks, had his internet disconnected by the Ecuadorian government, shutting down his communications with the outside world. US based journalist Elizabeth Lea Vos, Editor-in-Chief of Disobedient Media, who was one of the panellists at an online vigil held for Assange hours after the imposition of the ban, talks to Eresh Omar Jamal of The Daily Star, about the latest restrictions placed on Assange and its implications for press freedom around the world.

Why did the Ecuadorian government decide to shut down Julian Assange’s internet access at the Ecuadorian embassy in London and not allow him any visitors?

The Ecuadorian government released a statement on why they had Julian Assange’s embassy internet connection cut off. It said that Assange’s recent behaviour on social media had “put at risk the good relations [Ecuador] maintains with the United Kingdom, with the other states of the European Union, and with other nations.” Basically saying that Assange had broken an agreement not to interfere in the affairs of a foreign state.

Venezuela’s Flour Shortage Means No Easter Eucharist for Churches

by Ben Kew, Breitbart:

Many churches across Venezuela will be unable to offer a Eucharist this Easter due to a chronic lack of flour used to produce the communion wafer.

The lack of flour is a direct result of the economic crisis currently faced by the failed socialist state, which has triggered skyrocketing rates of hyperinflation and vast shortages of basic resources such as food, medicine, and hygiene products.

Many of the less affluent churches will have no bread to give worshipers at Sunday’s Easter celebrations. The ritual is considered a sacrament in some churches and an ordinance in others as symbolic of the sacrifice of Jesus Christ.

Elite-Backed Cult Leader Keith Raniere Arrested for Sex Trafficking

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from, Vigilant Citizen:

The leader of NXIVM, a slave cult backed by massive funds an elite family, was arrested in Mexico and charged with sex trafficking and forced labor conspiracy.

In November of last year, I published an extensive article detailing the history, the elite funding and the mind control techniques used by Keith Raniere and his organization NXIVM. The article explained how NXIVM turned rich yet gullible women into sex slaves using techniques taken directly from the Monarch programming handbook. It also asked why this organization was still active and why Raniere was still a free man.

The Future Ain’t What It Used To Be

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by Chris Martenson, Peak Prosperity:

Looks like we’re in for a much rockier ride than many expect

This marks our our 10th year of doing this. And by “this”, we mean using data, logic and reason to support the very basic conclusion that infinite growth on a finite planet is impossible.

Surprisingly, this simple, rational idea — despite its huge and fast-growing pile of corroborating evidence — still encounters tremendous pushback from society. Why? Because it runs afoul of most people’s deep-seated belief systems.

Our decade of experience delivering this message has hammered home what behavioral scientists have been telling us for years — that, with rare exceptions, we humans are not rational. We’re rationalizers. We try to force our perception of reality to fit our beliefs; rather than the other way around.

Central Planners Hiding Inflation, Imposing Negative Real Interest Rates

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by Mike Gleason, Money Metals:

Coming up we’ll hear from Frank Holmes of U.S. Global Investors. We’ll ask Frank about his outlook on gold during the remainder of 2018 and he’ll also tell us why we should be very leery of taking any financial advice from newly appointed Trump advisor Larry Kudlow. Don’t miss my conversation with Frank Holmes, coming up after this week’s market update.

As the first quarter of 2018 comes to an end, the gold market finds itself trading fairly close to where it began the year. Every time gold looks like it’s on the verge of breaking out, it gets pushed back into a stubbornly persistent trading range.

With today’s trading holiday due to Good Friday, gold prices will end the week down 1.6% to $1,326 an ounce. Silver finished down 1.3% to $16.39. Platinum is off by 1.9% to $933 an ounce. And finally, palladium checks in at $953 on the heels of a 2.7% decline since last Friday’s close.

Click HERE to listen