Thursday, November 21, 2024

GOLDMAN SACHS TO LAYOFF MORE SOULS IN ITS 3RD ROUND OF CUTS

by Harvey Organ, Harvey Organ Blog:

FIRST DAY NOTICE: GOLD CLOSED UP $5.70 TO $1963.70//SILVER ROSE BY 37 CENTS TO $23.51/PLATINUM CLOSED DOWN $19.85 TO $1001.10//PALLADIUM CLOSED DOWN $34.15 TO $1370.65//STRONG AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE UPCOMING JUNE DELIVERY MONTH AND 3.9 MILLION OZ OF SILVER//IMPORTANT GOLD COMMENTARIES TONIGHT: MISH SHEDLOCK AND SCHIFFGOLD//CHINA REPORTS A DISMAL FACTORY PMI AND THAT SETS OFF A HUGE DECLINE IN ALL STOCK MARKETS//HUGH STRIKES BECOMING COMMONPLACE IN THE UK//REPORT ON UKRAINE BY YVES SMITH OF NAKED CAPITALISM//COVID UPDATES/DR PAUL ALEXANDER//SLAY NEWS//STUDENT LOANS WILL NOW BECOME DUE IN AUGUST//GOLDMAN SACHS TO LAYOFF MORE SOULS IN ITS 3RD ROUND OF CUTS

Hillary Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency

by Dave Hodges, The Common Sense Show:

While France led the proponents of the UN Security Council Resolution that would create a no-fly zone in Libya, it claimed that its primary concern was the protection of Libyan civilians (considering the current state of affairs alone, one must rethink the authenticity of this concern). As many “conspiracy theorists” will claim, one of the real reasons to go to Libya was Gaddafi’s planned gold dinar.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves.

FED’S FAVOURTE INDICATOR IN INFLATION , THE PCE DEFLATOR RED HOT

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $0.90 TO $1944.45//SILVER CLOSED UP $0.32 TO $23.25//PLATINUM CLOSED UP $0.55 DOLLARS TO $1026.50/PALLADIUM CLOSED UP $25.35 TO $1431.85//A MUST VIEW: ANDREW MAGUIRE INTERVIEWING PETER GRANDICH//NO DEAL YET ON THE DEBT CEILING//RUSSIA VS UKRAINE UPDATES/COVID UPDATES//DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS/EVOL NEWS//UPDATES ON DEBT CEILING FIASCO IN THE USA//FED’S FAVOURTE INDICATOR IN INFLATION , THE PCE DEFLATOR RED HOT//ANOTHER GREAT COMMENTARY FROM VICTOR DAVIS HANSON

SAN FRANCISCO INFRASTRUCTURE DETERIORATING RAPIDLY

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $19.70 TO $1943.55//SILVER CLOSED DOWN $.32 TO $22.81//PLATINUM CLOSED UP $0.45 TO $1026.60//PALLADIUM WAS UP $14.45 TO $1420.95// GOOD COMMENTARY ON GOLD FROM JOHN RUBINO TODAY//BIG NEWS TODAY IS THE TOTAL COLLAPSE OF CHINA’S REAL ESTATE INDUSTRY//GERMANY HAS HAD ENOUGH WITH EU’S GREEN NEW DEAL: GREAT COMMENTARY ON THAT FROM MISH SHEDLOCK////COVID UPDATES//DR PAUL ALEXANDER//EWOL NEWS//SLAY NEWS//CANADA HAS A BIG PROBLEM WITH THEIR TRUCKING INDUSTRY//SAN FRANCISCO INFRASTRUCTURE DETERIORATING RAPIDLY/SEATTLE FOLKS AT AMAZON REBELLING THAT THEY MUST GO BACK TO WORK

SILVER PRICE DECLINE IS NOT HELPING SUPPLY GAP

from Arcadia Economics:

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

Deflation/Inflation/Bust with Michael Pento

by Kerry Lutz, Financial Survival Network:

Michael Pento believes that the Fed’s rapid rate increases have caused a banking crisis, and that the Fed’s actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner.

POLAND, AFTER A FEW MONTHS OF PAUSE, RESUMES ITS PURCHASE OF GOLD: LAST MONTH 15 TONNES

by Harvey Organ, Harvey Organ Blog:

HIGH LEVEL OF T.A.S. ISSUANCE GIVES US A STRONG INDICATOR OF CONSTANT WHACKING OF SILVER AND GOLD//GOLD CLOSED DOWN $9.50 TO $1963.25//SILVER CLOSED DOWN $.35 TO $23.13//PLATINUM CLOSED DOWN $25.90 TO $1025.95 WHILE PALLADIUM CLOSED DOWN A HUGE $46.35 TO $1406.50//POLAND, AFTER A FEW MONTHS OF PAUSE, RESUMES ITS PURCHASE OF GOLD: LAST MONTH 15 TONNES//GOLD AND SILVER PURCHASES BY INDIANS INCREASES DUE TO THE REMOVAL OF 2,000 RUPEE NOTE/INFLATION IN THE UK HITS 3 0 YEAR HIGHS//WAGNER CHIEF BROADCASTS HIS VICTORY OF BUKHMUT BUT ALSO ANNOUNCES THAT HE LOST 20,000 MEN//HE ALSO SCOLDS PUTIN FOR THIS INCURSION INTO UKRAINE//COVID UPDATES//DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS,EVOL NEWS//UPDATES ON THE DEBT CEILING DEBACLE IN CONGRESS

Who Has the Gold?

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by Peter Schiff, Schiff Gold:

Which countries hold the most gold?

Central banks around the world have been piling up gold. After a record-setting 2022, central bank gold reserves increased by 228 tons through the first three months of 2023, a Q1 record. This was 38% higher than the previous first-quarter record set in 2013.

Total central bank gold buying in 2022 came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension of dollar convertibility into gold in 1971. It was the 13th straight year of net central bank gold purchases.

Red Alert!

by Jim Rickards, Daily Reckoning:

Hurricanes are a threat if you live in certain areas. Yet, hurricanes are reliably confined to a hurricane season that runs from June to November in the Northern Hemisphere.

Likewise, wildfires are a threat, but they’re usually confined to periods when dry conditions and high winds combine to make forests predictably combustible.

Put differently, the exact timing of some catastrophes may be unpredictable but they’re usually associated with certain seasons and conditions.

Right now, we’re in the heart of banking crisis season. Even worse, we could be on the brink of a financial crisis worse than 2008.

COMEX Gold Futures Explained Part 1: The Basics

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.

The 3 Layers of Financial Preparedness

by Daisy Luther, The Organic Prepper:

As our banking system implodes all around us, you may be wondering how on earth we can be financially prepared for the future in a world where our national currency is at extreme risk. While it’s easy to say, “Invest in precious metals,” it’s also important to know that PMs, while important, aren’t your first layer of financial preparedness.

In this article, I want to talk about how to layer your financial preparedness to help yourself through the tough days ahead. Keep in mind that you may not be able to delve into every single layer, and that’s absolutely fine – you have to prep for your unique financial situation just the same way you prep for your unique living situation. Being realistic is the key.

Holding Gold Is Like Holding a Wildcard

by Clint Siegner, Money Metals:

The future of money is uncertain, and speculation about what comes next is all over the place. The Federal Reserve note “dollar” is the world’s reserve currency, but its seat on that throne is no longer secure.

Nations around the world aren’t happy with either the weaponization of the dollar or the fact that the U.S. government prints it without restraint.

The BRICS countries are actively developing an asset-backed currency to compete with the dollar.

They are already cutting trade deals with settlement in rubles or yuan, instead of the greenback.