from GoldSilver (w/ Mike Maloney):
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Gold Price hits new All Time Highs amid huge increase in Volatility
by Ronan Manly, BullionStar:
With less than 20 trading days left until the end of 2023, we have just witnessed a series of record-breaking price developments in the international gold price, as well as heightened gold price volatility, and the price moving in a $120 range intraday.
While a new all-time high monthly close in the US dollar gold price was achieved on Thursday 30 November at $2040/oz, and new all-time highs on the weekly close and daily close were achieved on Friday 01 December at $2072/oz, these new record highs were in hindsight, overshadowed by what happened subsequently.
Silver Looks Like a Real Bargain Right Now
by Mac Slavo, SHTF Plan:
At the current price, silver is a real bargain.
Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night. Silver also rallied but continues to lag behind gold.
In fact, silver looks significantly underpriced based on both its historical relationship with gold and the supply/demand dynamics.
Weimar America
by Victor Davis Hanson, American Greatness:
We may be headed for a 1930s nightmare
Something eerie, something creepy, is happening in the world—and now in America as well. The dark mood is brought on by elite universities, the Diversity, Equity, and Inclusion industry, and massive immigration from illiberal nations and anti-Enlightenment societies.
At Hillcrest High School in Queens, New York, hundreds of students rioted on news that a single teacher in her private social media account had expressed support for Israel. Waving Palestinian flags, and screaming violent threats, the student mob rioted, destroyed school property, sought the teacher out and tried to crash into her classroom—before she was saved from violence by other teachers and an eventual police arrival.
ISRAEL BEGINS GROUND INVASION OF THE SOUTH
by Harvey Organ, Harvey Organ Blog:
FED ORCHESTRATED RAID ON OUR PRECIOUS METALS AS THE FED NEEDS PHYSICAL TO BUY BACK THEIR SHORTFALL TO THE BIS: GOLD CLOSED DOWN $43.15 AND A HUGE$119.00 FROM LAST NIGHT TO COMEX CLOSING//SILVER CLOSED DOWN 90 CENTS TO $24.51//PLATINUM CLOSED DOWN $14.45 TO $921.55 WHILE PALLADIUM CLOSED DOWN ANOTHER $40.15 TO $976.50//GOLD COMMENTARIES TONIGHT FROM PETER SCHIFF AND MATHEW PIEPENBURG..CHINA STILL IN A MESS WITH THEIR PROPERTY IMPLOSION//ANOTHER STABBING BY A ISLAMIST IN PARIS//ISRAEL VS HAMAS COMPLETE WEEKEND ROUNDUP//ISRAEL BEGINS GROUND INVASION OF THE SOUTH//SEEMS A MAJOR SENIOR HAMAS OFFICIAL HIT AS AMBULANCES HEAD TO KHAN YOUNIS HOSPITAL//COVID UPDATES//VACCINE INJURY UPDATES//DR PAUL ALEXANDER//SLAY NEWS ETC//VENEZUELA THREATENS GUYANA AS BIDEN, THE SILENT, REMAINS SILENT..USA FACTORY ORDERS PLUMMET
Unrealized Losses at US Banks Exploded in Q3
by Peter Schiff, Schiff Gold:
Unrealized losses on securities held by US banks exploded by 22% in the third quarter.
Of course, unrealized losses don’t really matter — until they do.
This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.
Unrealized losses, primarily on US Treasuries and mortgage-backed securities rose by $126 billion in Q3 and now total $684 billion, according to the FDIC’s quarterly bank data release.
Is Your Money Safe? Within A Year, Millions May Lose Their Savings Due To AI Threat, Warns Cybercrime Expert
by John Cody, Activist Post:
Artificial intelligence is advancing at lightning speed, and these advances are not only set to reshape our very reality, they could leave many losing all of their savings, according to cybercrime expert Marc Maisch, who also works as a lawyer helping victims reclaim their lost savings after they fall victim on the web.
He warned in an interview with Germany’s Die Welt newspaper that authorities will be powerless to stop this new coming crime wave, which will see criminals use AI tools to fleece potentially millions out of their money.
We Are Witnessing An Avalanche Of Branch Closings As U.S. Banks Desperately Try To Stay Alive
by Michael Snyder, The Economic Collapse Blog:
If you do things the right way, in the long run you will get positive results. But if you do things the wrong way, in the long run you will get negative results. Our banks are the beating heart of our entire economy, and unfortunately they have been doing things the wrong way for a long time. As a result, the entire system is being greatly shaken. Loans are starting to go delinquent at a frightening pace, we have seen endless “banking glitches” in recent months, tens of thousands of banking employees have already been laid off, and U.S. banks are sitting on hundreds of billions of dollars of unrealized losses. Sadly, a lot more chaos is on the way. As small and mid-size banks fail, they will get gobbled up by the big boys. Of course the big boys are scrambling to survive too. In fact, it is being reported that JPMorgan Chase will close a total of 159 local branches by the end of this calendar year…
