Precious Metals and Market News

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GATA

Ronan Manly: Brazil's central bank imposes secrecy on gold purchases, swaps - 3:10p ET Tuesday, August 3, 2021Dear Friend of GATA and Gold:Bullion Star researcher Ronan Manly today investigates the Brazilian central bank's purported recent purchase of 53 1/2 tonnes of gold and discovers that the bank refuses to answer any questions about it, like where the metal was purchased and where it is being vaulted.... Dispatch continues below ...Good Mining Exploration Resumes Se...

Former Northwest Territorial Mint executives guilty in $25 million Ponzi scheme - By Chase HutchinsonTacoma (Washington) News TribuneSaturday, July 31, 2021The former president and CEO of a precious metals firm based in Federal Way and Auburn was convicted Friday of mail and wire fraud in what the Justice Department is calling a "Ponzi-type scheme."In a release, federal officials said Bernard Ross Hansen, 60, was convicted of multiple counts of wire and mail fraud that defra...

Sub-zero yields reported on over half of euro investment-grade company debt - By Yoruk BahceliReutersMonday, August 2, 2021 More than half of all investment-grade corporate bonds in the euro zone now trade with sub-zero yields, with the pool growing in July to its biggest on record, Tradeweb data showed today.Bond markets rallied sharply in July, sending yields tumbling across the world as a slowdown in economic momentum, fears around the Delta coronavirus variant, and t...

Why gold? USAGold's 'News & Views' letter for August explains - 9:40p ET Wednesday, July 28, 2021Dear Friend of GATA and Gold:USAGold's "News & Views" letter for August opens with an explanation of gold's enduring centrality to any financial system. It continues by noting that central banks are buying the monetary metal again, that "stagflation" is approaching, and that the British Parliament is starting to worry about the dangers of "quantitative easing."T...

World's biggest pension fund cuts U.S. bond weighting by record - By Masaki Kondo and Shigeki Nozawa Bloomberg NewsSunday, August 1, 2021Japan's Government Pension Investment Fund made a record cut to the weighting of Treasuries in its portfolio last fiscal year as the world's safest asset led a global debt selloff.GPIF, as the world's biggest pension fund is known, lowered U.S. government bonds and bills to 35% of its foreign debt holdings in the 12 months e...

Kitco News

Mixed PMI results in Europe today - (Kitco News) - Services and Composite PMI's have been robust in Europe so far this morning. This coupled with the decent manufacturing numbers yesterday shows that the continent is recovering overall albeit at an unbalanced pace.

Gold and silver move higher heading into the European open - (Kitco News) - Gold and silver have both moved higher leading into the European open. The yellow metal found some support as the bears tried to take the precious metal towards $1800/oz again and now trades at $1814/oz. Silver is 0.70% higher at $25.66/oz. In the rest of the commodities complex, copper is 0.32% higher and spot WTI has also risen 0.21%.

What is Hex, and how did it gain 2,700% in 1 year? Richard Heart challenges 'scam' accusations - (Kitco News) - What is Hex, and how did it gain 2,700% in 1 year? Richard Heart challenges 'scam' accusations

Gold reserves fell 10% in 2016-20, but enough to support production for over 10 years - report - (Kitco News) - Metals Focus said that combined gold reserves at almost 400 primary gold projects fell by 10% over the last five years.

August could be a 'terrific' month for gold, says Jim Cramer - (Kitco News) - The last month of the summer is looking "terrific" for gold and "tough" for the S&P 500, said CNBC's Jim Cramer.

Crypto is like the 'Wild West,' SEC needs 'additional Congressional authorities' – SEC Chairman Gensler - (Kitco News) - Securities and Exchange Commission (SEC) Chairman Gary Gensler pointed to a lack of investor protection in the crypto space and called on Congress for additional authority and resources to oversee cryptocurrencies.

Gold market lacks conviction ahead of Friday's employment numbers - (Kitco News) - The gold market continues to suffer from a lack of conviction as renewed selling pressure Tuesday keeps prices bound below the 200-day moving average. However, analysts also note that the price continues to hold critical support above $1,790.

Chinese gold output falls in H1 - (Kitco News) - China’s H1 gold output dropped 10.18% to 152.75 tonnes, as production was affected by safety inspections following some coal mine accidents, the China Gold Association said on Tuesday. The eastern Shandong province reported two gold mine accidents in the first half, killing at least 16 people.

The silver price is heading into a support area - (Kitco News) - Silver technicals are showing the silvers futures price is still in a downtrend on the 4-hour chart. The price has been making consistent lower highs and lower lows but found support at around $25/oz a few times now. Having said that, the price has dipped below to reach $24.51 and jumped back up on decent volume.

Why did Q2 GDP miss expectations? Steve Hanke on biggest anomalies in economy right now - (Kitco News) - Why did Q2 GDP miss expectations? Steve Hanke on biggest anomalies in economy right now

Zero Hedge

Goldman Finally Gives In, Says It Will Bump First Year Analyst Pay To $110,000 - Goldman Finally Gives In, Says It Will Bump First Year Analyst Pay To $110,000 Goldman Sachs has finally given way. The one investment bank that was holding out on raising pay for its junior bankers has finally given in to the pressure of other banks raising their junior employees' pay (and the pressure of a potential PR crisis).  First year analysts at the bank will now make $11...

Clarkson: "Communist" Government Advisors Want To Lock Us Down Forever - Clarkson: "Communist" Government Advisors Want To Lock Us Down Forever Authored by Paul Joseph Watson via Summit News, British broadcaster Jeremy Clarkson has blasted “communist” government advisors who want to keep the population under lockdown forever. Clarkson made the comments during an interview with the Radio Times. “I think the politicians should sometimes tell those c...

'Biden Took An Oath To Uphold The Constitution, Not Violate It': Turley Opines On CDC's Revised Eviction Moratorium - 'Biden Took An Oath To Uphold The Constitution, Not Violate It': Turley Opines On CDC's Revised Eviction Moratorium Update (1905ET): Weighing in on the CDC's moratorium extension is constitutional scholar Jonathan Turley, who says "President Biden took an oath to uphold the Constitution, not to violate it when he can use the delay in any final order to get the money out the door." ...

Top US Negotiator Now Has "Increasing Doubts" Iran Nuclear Deal Is Possible - Top US Negotiator Now Has "Increasing Doubts" Iran Nuclear Deal Is Possible For very week that passes without any breakthrough between Tehran and Washington, the prospect of a restored JCPOA nuclear deal looks bleaker. Talks in Vienna have remained stalled for weeks, especially after Iran previously indicated it would not resume negotiations, expected to enter the seventh round, un...

Sweden: Despite Variants, No Lockdowns, No Daily COVID Deaths - Sweden: Despite Variants, No Lockdowns, No Daily COVID Deaths Authored by Michael Fumento via The American Institute for Economic Research, Since the Covid pandemic broke out, Sweden has been fought over more than any other part of Europe since Germany in the 30 Years War. In refusing to use an iron fist to control a virus, lockdown advocates claimed it was either committing murde...

Police Open Murder Probe After Belarusian Opposition Activist Found Hanged At Kiev Park - Police Open Murder Probe After Belarusian Opposition Activist Found Hanged At Kiev Park Belarus and its strongman President Alexander Lukashenko are once again under scrutiny in the West after the leader of an exiled opposition group was found dead in a public park in Kiev, Ukraine on Tuesday. The New York Times is reporting that 26-year old Vitaly Shishov, who ran the opposition ...

Editor-In-Chief Of Germany's Top Newspaper Apologizes For Fear-Driven COVID Coverage - Editor-In-Chief Of Germany's Top Newspaper Apologizes For Fear-Driven COVID Coverage Authored by Paul Joseph Watson via Summit News, The editor-in-chief of Germany’s top newspaper Bild has apologized for the news outlet’s fear-driven coverage of COVID, specifically to children who were told “that they were going to murder their grandma.” In a speech delivered to camera, Julian ...

A New State Of Segregation: Vaccine Cards Are Just The Beginning - A New State Of Segregation: Vaccine Cards Are Just The Beginning Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “The things we were worried would happen are happening.” - Angus Johnston, professor at the City University of New York Imagine it: a national classification system that not only categorizes you according to your health status but also ...

San Diego To Ban "Ghost Gun" Kit Sales - San Diego To Ban "Ghost Gun" Kit Sales Readers are aware Democrats are coming for "ghost guns" and have already begun to ban these unserialized weapons. Ghost guns are untraceable to the federal government and can be bought at gun stores or online in 80% lower kits. Since the lowers are unfinished and involve some drilling and tinkering, the lowers are not considered guns, thus do...

Why Americans No Longer Trust The Biden Administration - Why Americans No Longer Trust The Biden Administration Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, For libertarians – and even many non-libertarians – it’s not shocking to discover that a US Administration lies and deceives the electorate. For government on all levels, lying to the American people is as American as apple pie. Sometimes the liars are hel...

MarketWatch - Top Stories

Livability: Bourbon lovers: Wander these off-the-beaten-path bars, distilleries and restaurants on Northern Kentucky’s back roads - Bypass the tourist trail and visit the “edge” of Kentucky's Bourbon country, where each of the spots on The B-Line has its own personality and fills a unique niche.

NerdWallet: Go early, plan ahead, pack light: How to travel in a mad world - Your usual trip routine will need some adjustments, but some extra preparation can spare you a considerable amount of stress.

Next Avenue: ‘Have I left the best of me behind?’ Why you need an elevator pitch for retirement - It's time to step away from what defined your life and your success and instead embrace your new activities as relevant and interesting.

Market Snapshot: Following record-high finish, U.S. stock futures ease as traders await ADP payrolls figures - Investors are on the sidelines ahead of private-sector payrolls data, that will provide a gauge on the state of the labor market.

The Tell: As China stocks have struggled, short sellers have stayed away - According to an analysis from S3 Partners, short sellers have largely stayed away, preferring to ride out existing bets against these firms rather than initiate new shorts.

: America’s funeral homes find new life hosting weddings, concerts and comedy shows - Veteran standup comic Ellen Karis will be appearing at an Aug. 12 show at New York's storied Frank E. Campbell funeral chapel.

: Biden tells governors opposing masks to help or ‘get out of the way’ - The president's remarks come a day after the U.S. reaches the milestone of having 70% of American adults receive at least one dose of a vaccine --- and as the Biden administration marks donating more than 110 million vaccine doses to other nations.

: FDA aims for full approval of Pfizer COVID-19 vaccine by Labor Day: report - The U.S. Food and Drug Administration is aiming to grant full approval of the Pfizer-BioNTech coronavirus vaccine by Labor Day or sooner, according to a new report.

: Affirm stock rallies after report of plans to work with Apple in Canada - An already busy week in the buy-now, pay-later (BNPL) market got even busier Tuesday after a report indicated that Apple Inc. plans to work with Affirm Holdings Inc. on an installment offering for those looking to buy various Apple devices in Canada.

Mark Hulbert: August spooks many stock investors but it’s actually one of the Dow’s best months - August has delivered investors above-average gains over much of the U.S. market's history.

BullionStar

Brazil’s Central Bank refuses to answer any questions about its Gold Reserves - While Brazil's central bank has re-entered the gold market as a major buyer, it refuses to answer any questions about Brazil's gold reserves.

The Saga Continues: Venezuela’s 31 tonnes of seized gold at the Bank of England - As rhe legal fight for Venezuela's gold enters it's final phase, the outcome will have implications for all sovereign gold stored in London.

Infographic: Paper Silver vs Physical Silver - This BullionStar Infographic visually contrasts paper silver to physical silver and shows why only physical silver provides true ownership.

MishTalk

Liz Cheney Ousted From Leadership, Over 100 GOP Leaders Threaten New Party - Cheney criticized Trump and was booted from a leadership role. The party has splintered.

Core CPI Jumps the Most Since 1982 Led by Used Cars and Trucks - Economists were surprised by the jump in the CPI for April.

Seven States End All Federally Funded Covid-19 Unemployment Benefits - Missouri and Tennessee are the latest two states to end benefits.

"Blame Inflation" Headlines Try to Explain the Stock Market Selloff - No matter what the market does, writers try to explain it, nearly always incorrectly.

The Psychology of QE is Far More Important Than the Amount of It - Let's discuss what QE really does vs the psychology of QE.

James Rickards

The Battle of the Censors - This post The Battle of the Censors appeared first on Daily Reckoning. Is it possible that the vaccines have killed at least 45,000?… Will you have to get vaccinated every six months for the rest of your life?… The post The Battle of the Censors appeared first on Daily Reckoning.

Do You Have This Smartphone App? - This post Do You Have This Smartphone App? appeared first on Daily Reckoning. A banking app called Chime has been seizing customer accounts and not allowing them to log on or access their funds. The post Do You Have This Smartphone App? appeared first on Daily Reckoning.

It’s Starting to Feel Like Last March - This post It’s Starting to Feel Like Last March appeared first on Daily Reckoning. “The U.S. has been averaging almost 30,000 new cases a day over the last seven days (ending Friday), up from around 11,000 cases a day a month ago, according to the CDC”… The post It’s Starting to Feel Like Last March appeared first on Daily Reckoning.

SRSrocco Report

THESE MUST SEE 3 CHARTS: Show A Major Market Correction Ahead - While everyone knows the markets are overdue for a major correction, these three charts show why that could be the case.  If we compare the broader markets with certain indexes and indicators, we can clearly see that something JUST AIN'T RIGHT.  The broader markets have disconnected from other indexes suggesting...

The World’s Mainstream Assets Inflated Higher To New Record Levels While Gold & Silver Are Extremely Undervalued - It's truly amazing what a few extra zeros can do for one's financial wealth.  Today, we have a new past-time of adding zeros to make us feel rich.  And, why not?  We work hard, and we deserve it.  So, if the value of someone's house goes up 45-50% in a few months or year...

High-Tech Global Semiconductor Supply Chain Economy Heading Towards Collapse PART 2 - How does our modern High-Tech Global Economy compared to the Late Bronze Age and its collapse?  In PART 2 of this video presentation, I provide 35 slides on how the Global High-Tech Semiconductor Economy is in serious trouble as the world heads over the coming ENERGY CLIFF.  While most people believe the technology...

Wolf Street

State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos - Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there's a huge mess under the rug.

After Upending the Global Oil Industry & Losing their Shirts, Shale Oil Drillers & Battered Investors Go for Price - Imports from OPEC reduced to irrelevancy.

Fracking Suddenly a True Believer in “Discipline?” US Natural Gas Net Exports Hit Record, Prices Jump as Production Stalls - Subsidized by investors who lost their shirts, cheap natural gas was a huge benefit to the US economy for years.

TF Metals Report

Monday Night Chart Update - By TF 69 Comments | 20 Likes It appears that the week began just fine...until the same old Bank algo smash on Globex began this afternoon. So now we'll see what tomorrow brings as we work our way toward Friday and the latest BLSBS. Greetings from Summer Sabbatical. Just this quick update in order to start a new thread. Tomorrow is my 25th wedding anniversary and I have big plans for MrsF. ...

Week End Month End - By TF 40 Comments | 19 Likes The week and month finally draw to a close today with the ongoing rebound bringing hope for a better August. But there are some hurdles to overcome as we try to reverse the June losses so let's all get on the same page today as July finally draws to a close. Greetings from Summer Sabbatical Land. Most of the usual crew is here now with the exception of LT#2, wh...

Post Powell Pop - By TF 46 Comments | 18 Likes As noted in yesterday's podcast, Chief Goon Powell muttered his way through his post-FOMC "press conference" and did an excellent job at convincing the smartypant MSM financial media that taper and rate hike are still nowhere in sight. As you might expect, this has led to some rather friendly developments in our precious precious. So we're getting a little bit ...

Gold-Eagle News

Gold Price Forecast: Gold In Consolidation - Stocks Minimum Decline Met - By Jim Curry - December 08, 2019Last week's trading saw gold bottoming on Monday, here doing so with the tag of the 1459.80 (February, 2020 contract). From there, a sharp rally was seen into mid-week, with the metal pushing all the way up to a high of 1489.90 - before selling...

Sell The NASDAQ Index…And Buy Gold - By Egon von Greyerz - December 04, 2019In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are...

Gold Price Forecast: Gold Prepping For Multi-Week Rally - By Jim Curry - December 01, 2019Last week's trading saw gold forming its low early in the week - here doing so with the tag of the 1456.70 figure (February, 2020 contract), made on a Tuesday time bottom. From there, strength was seen into later in the week, with the metal...

GoldSilverWorlds

Jim Sinclair

Jim’s Mailbox - Bill/Jim,  Who is buying their sell?  JB Good question, maybe a national security secret?  Bill World’s Largest Pension Fund Slashes US Treasury Exposure By Record AmountAugust 2, 2021 The world’s largest pension fund, Japan’s Government Pension Investment Fund, made a record cut to the weighting of Treasuries in its portfolio last fiscal year, sparking a... Read more »

Fed Trying to Keep Economy from Collapse – John Williams - By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Economist John Williams, founder of ShadowStats.com, says the economy is much weaker than it appears. Williams cuts through the phony gimmicked government numbers to give a true economic picture. His analysis shows the economy is already slowing down anew. This is why the Fed just announced it will... Read more »

Bill’s Latest Interview With Dave Janda - https://operation-freedom-shows.s3.amazonaws.com/AUG01_2021/BillHolter080121.mp3

In The News Today - Sarah Westall with a good question. Bill When is it Time to Simply Stop Following Stupidity and MalfeasanceThe reports coming from the border and other areas in border states are clearly showing the incredible malfeasance, arrogance, and lunacy of the current administration (or more accurately, current occupiers). Here is a report that I just recently... Read more »

Purchasing Food With Gold! - If you would like the Spanish translated, it says; “When you think Venezuela has no surprises. The prices in the supermarket are in gold”.  Why is that surprising?  Real goods for real money? Isn’t that the way it is supposed to be and the way it always was?  Something real for something real, instead of... Read more »

Silver Doctors

August Turning Point: Welcome To The Biggest Eviction Horror Show In US History - Our system is simply not designed to handle a sudden disruption of this magnitude. Public and private organizations will attempt to help those that are… by Michael Snyder of The […]

FACT: *$227 SILVER* OUTSIDE OF COMEX MANIPULATION HOURS - The manipulation of SILVER and GOLD by criminal banks and the Comex, which if it didn’t exist, would leave us with at least $227 per ounce silver TODAY! Tyler Wall […]

The Latest Lie, An “Independent Federal Reserve”, And All Signposts Point To Gold - If the Fed were as “independent” as Biden claims, then how can Biden be so certain the Fed will… by Matthew Piepenburg via Gold Switzerland Earlier in July, U.S. President […]

Gold Stocks’ Robust Autumn Rallies (That Usually Start Marching Now) - The gold miners’ stocks were whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in… by Adam Hamilton of Zeal […]

Inflation: Stealth Default, Fake Growth - Inflation is creating the illusion of economic growth… by Peter Schiff of Peter Schiff Podcast Inflation creating illusion of economic growth.Oil prices go up, but energy stocks get beat up.Fed […]

Harvey Organ

AUGUST 3/GOLD DOWN $9.95 TO $1811.55//SILVER IS UP 5 CENTS TO $25.55//GOLD STANDING AT THE COMEX: 60.4 TONNES//SILVER STANDING: 10.33 MILLION OZ//GOLD VOLUMES DRY UP AS THE BIS EXITS THE GOLD COMEX... -   GOLD:$1811.55 DOWN $6.95  The quote is London spot price Silver:$25.55 UP  4 CENTS  London spot price ( cash market)         Closing access prices:  London spot i)Gold : $1810.50 LONDON SPOT  4:30 pm ii)SILVER:  $25.54//LONDON SPOT  4:30 pm Three important points to discuss with you tonight: Volumes at the gold comex have now […]

King World News

SPROTT: We Now See The Price Of Gold Hitting New All-Time Highs - Sprott now see the price of gold hitting new all-time highs. The post SPROTT: We Now See The Price Of Gold Hitting New All-Time Highs appeared first on King World News.

PARTY COMING TO AN END: There Are Some Shocking Things Happening Around The World - There are some shocking things happening around the world. The post PARTY COMING TO AN END: There Are Some Shocking Things Happening Around The World appeared first on King World News.

The Chart All Silver Bulls Must See, Plus Another Big Surprise - This is the chart all silver bulls must see plus another big surprise. The post The Chart All Silver Bulls Must See, Plus Another Big Surprise appeared first on King World News.

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