Tuesday, March 19, 2024

Dollar Tree to Close 1,000 Stores After ‘Surprise Fourth-Quarter Loss’

by Olivia Rondeau, Breitbart:

Approximately 1,000 Family Dollar and Dollar Tree stores are scheduled to be closed after “botched” business decisions and a “surprise fourth-quarter loss,” with the company’s shares taking a tumble.

Dollar Tree outbid competitor Dollar General to buy Family Dollar for over $8 billion in 2015, but the merger has failed to produce good results.

Guest Post: “Costco Selling Gold and Silver”, by AGXIIK and Renozep

by Turd Ferguson, TF Metals Report:

Costco is selling gold and silver on line. Are they anticipating future consumer trends? Or are they getting Sound and Real money into their customer’s hands due to issues with the dollar and CBDCs?

Which one is it?

Something totally new? A marketing test run? A means to bring in new customers? Satisfying a survey that said some people want to buy precious metals? Or is it something else?

Silver Poised to Play Catch Up to Gold

by Clint Siegner, Silver Seek:

Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.

Silver actually outperformed gold on a percentage basis. The white metal gained $1.17/oz, or 5%, as compared to gold’s 4.5% gain.

The difference is that silver is stuck in the middle of the range where it has traded for the past four years. It is roughly $5/oz below its 2020 high and $25 below its all-time high.

LOUISIANA’S BULLION BILL AND SOME NECESSARY CLARIFICATIONS

by Joseph P. Farrell, Giza Death Star:

After last week’s blog about the South Dakota bullion and unit-of-account bill, I received an  email from Catherine Austin Fitts that the movement to state bullion depositories might be the latest gimik and squeeze play from the banksters.  We’ll get to why that possibility should never be ignored in a moment, because the Louisiana bill, as written, contains some telltale signs that her misgivings are well-founded.  But I also want to use this opportunity to clarify my thinking for the record, and to remind readers here that if you read my individual blogs and do not contextualize them within the wider body of my thinking about financial and physical systems, that you will be bound to misinterpret and forget what I’ve stated on previous occasions. Absent any repudiation by me, those earlier statements still form part of my thinking.

Two Types of Price Rally

by Craig Hemke, Sprott Money:

COMEX gold and COMEX silver have both seen terrific price rallies over the past two weeks. However, not all rallies are the same, so let’s take time today to dissect both types.

Over the past seven trading days, precious metal prices have soared, led by COMEX gold. What set off these rallies? Primarily, two things:

  1. Fed Governor Christopher Waller gave a speech on Friday, March 1, where he outlined his thoughts on the future of monetary policy and quantitative easing. If you missed the speech, a great summary can be found at this link: https://www.fastbull.com/newsdetail/fed-waller-reversed-operation-twist-3115363_0

Bitcoin Tops $73,000 After Record-Breaking Billion-Dollar ETF Inflow

from ZeroHedge:

After kneejerking lower by over $4,000 after yesterday’s hot CPI print, bitcoin has recovered all those losses and then some, to top a fresh record high of $73,600 this morning…

“Bitcoin wiped out overleveraged longs, retested the 2021 cycle high & then bounced back to $72,000,” popular trader Jelle summarized on X, adding that the landscape was now “looking good” for upside continuation.

VINCE LANCI: CENTRAL BANKS KEEP BUYING MORE GOLD

from Arcadia Economics:

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

Gold’s Got the Midas Touch Back

by Jim Rickards, Daily Reckoning:

After two years of trading in a 20% range between $1,600 and $2,000 per ounce, gold finally broke out to the upside, closing at a new all-time high of $2,126 per ounce on March 4.

Better yet, if you’re a gold investor, gold has held its ground around $2,100 per ounce since breaking that ceiling (gold’s trading at around $2,187 today).

Gold Hits NEW All-Time High – And “Experts” Aren’t Sure Why

from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving precious metals and the economy. Stories include: Gold notches another all-time high over $2,180, analysts are acknowledging that gold’s surging price confuses them and understanding bitcoin vs. gold comparisons.

EMERGENCY ALERT: Bank Runs Are Starting & the Media Is Covering It Up w/ Dr. Kirk Elliott

from Man in America:

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

“The banks are going BUST and they planned it” Gerald Celente | Redacted with Clayton Morris

from Redacted News:

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

How Close Should Your Wealth Be?

by Jeff Thomas, International Man:

Recently, an eminent gold advisor, whom I know and have a high regard for, stated that holders of precious metals would be well served by keeping their metals in a remote location, saying, “Distance equals security.” (He lives in the US and recommends storage in New Zealand, as it’s as far away from him as possible.)

Another prominent metals advisor, whom I also know well and respect, contacted me after the release of this statement to say that he doesn’t necessarily agree with the idea, even though he himself stores gold in a country outside his own.

Yet More Silver Departs $SLV on Friday

by Ted Butler, Silver Seek:

Gold’s quiet rally that began at the start of Globex trading in New York on Thursday evening was turned lower around 8:40 a.m. China Standard Time on their Friday morning — and its low tick was set at exactly 11 a.m. CST. It then wandered quietly higher until at or minutes before the 10:30 a.m. morning gold fix in London — and was sold a tiny bit lower from there until the jobs number hit the tape. The gold price went ‘no ask’ — and ‘da boyz’ appeared in seconds — and had the price back to its pre-8:30 a.m. price by 9:15 a.m. It crawled quietly higher from there until it took off anew starting a few minutes before 12 o’clock noon — and the commercial traders of whatever stripe reappeared — engineering it brutally lower until around 2:15 p.m. in after-hours trading in New York. Its ensuing rally ran into ‘something’ about fifteen minutes later– and from that juncture it crept very quietly higher until the market closed at 5:00 p.m. EST.

NOW – Trump on cryptocurrencies: “There has been a lot of use of that and I’m not sure that I would want to take it away at this point.”