By Steve MatthewsBloomberg NewsThursday, June 1, 2023 Federal Reserve officials are signaling that they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report. Governor Philip Jefferson, a centrist who is nominated to be vice chair and who often echoes Chair Jerome Powell's views, said Wednesday that skipping an increase would give policymakers time to assess data but not preclude futur...

It appears that we now have the fewest stock market bears since January of 2022. The public has also piled in on the long side and that certainly won’t end well but gold will shine. Hedge Funds Shorting Gold Miners And Buying Maniacally-Priced Tech StocksJune 1 (King World News) – Fred Hickey:  According to a report released by the LeadLeo Research Institute in mid-March, 55 percent of consumers frequenting gold shops on the Chinese mainland are those aged 25 to 34. Consumers aged 35 to 44 make ...

The “Everything Bubble” Has finally popped and it will get much worse from here. One thing is certain, the trading will get more violent from here. A Growing Debt Problem, But This Time Gold Prices Are UnpeggedJune 1 (King World News) – Otavio Costa:  While the 1940s serve as an important historical parallel due to the seriousness of the current debt issue, there is a significant distinction: during that period, gold was effectively tied to the US dollar, rendering it an impractical investment a...

Posted by SRSrocco in Economy, Energy, News, Silver Members, Videos on May 31, 2023 — Comments Off on U.S. PENSION FUND MARKET ON BRINK OF IMPLOSION: Ponzi Finance Meet The Energy Cliff You don’t have to believe me, but the Guardian News reported in February that the U.S. Pension Fund Market was on the “Brink of Implosion.”  I agree, as the 2022 State Of U.S. Pension Funds Report data confirms that “State Pensions are Distressed or Fragile”… This content is for Corporate Membership Plan, Gold Me...

With the US dollar and gold moving higher today, look at who is buying gold right now and how this will impact the price. This Is What They Will DoMay 31 (King World News) – Egon von Greyerz:  “At that inevitable moment when the financial and social rubble of a national and then global recession is too impossible to ignore, the central planners will have to take a long and hard look at the glowing red buttons on their money printers and decide which is worthing saving: The “system” or the curren...

By Constant MundaBusiness Daily Africa, NairobiTuesday, May 30, 2023 President William Ruto has asked African leaders to take first steps toward ditching the globally-bullish U.S. dollar by signing up to a pan-African payments system to facilitate trade within the continent. Dr. Ruto has urged his peers in Africa to mobilise central and commercial banks to join the Pan-African Payments and Settlement System, (PAPSS) which was launched in January 2022. ... Dispatch continues below ... ... ADVERTI...

We are now in the calm before the storm, the prelude to a true panic, which is why this type of move into gold has occurred only twice in the last 50 years. The Debt Ceiling And GoldMay 30 (King World News) – Otavio Costa:  The debt ceiling issues present a much greater risk than currently perceived. Although prior concerns have proven to be mostly peripheral, today’s circumstances are quite unique. To be clear: The main problem relates to the potential consequences after an agreement. During pe...

By Craig HemkeSprott Money, TorontoTuesday, May 30, 2023 Another deal to extend the debt limit of the U.S. government appears to have been reached. If that's a surprise to you, then I guess you haven't been paying attention over the years. The farce of the "debt ceiling" is simple political theater and nothing more. For decades cynical politicians have used the imagined "catastrophe of default" as a tool to stoke division and score political points, usually just before major elections.  Both sid...

Today James Turk told King World News that the debt ceiling suspension is similar to Nixon taking the US off the gold standard and this will have dire consequences. May 30 (King World News) – James Turk:  Eric, the pounding that hit gold and silver over the past few weeks has moved the precious metals from overbought to mildly oversold. The upside reversal from this morning’s new 2-month low here in London confirms that oversold condition. This bounce has brought in the traders, but as you know,...

11:24a ET Tuesday, May 30, 2023 Dear Friend of GATA and Gold: USAGold's top 10 reports and essays about the financial markets and the monetary metals in May are summarized today in the coin and bullion dealer's monthly 'News & Views' letter here: https://mailchi.mp/727bffd7cd12/top-ten-articles-for-may-news-views-subscription CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.CPowell@GATA.org ... ADVERTISEMENT ... Buy metals at GoldMoney and enjoy international storage Gol...

By Ambrose Evans-PritchardThe Telegraph, LondonTuesday, May 30, 2023 The Republicans have capitulated on the U.S. debt ceiling. This averts the risk of abrupt fiscal tightening in a slowing economy that has yet to digest the most aggressive monetary squeeze in over 40 years. The putative accord between the White House and Congress does not even try to address the larger threat to America's economic model and hegemonic status. The Congressional Budget Office says the U.S. is on course for fiscal ...

Posted by SRSrocco in Economy, Energy, News, Precious Metals, Silver Members, Videos on May 29, 2023 — Comments Off on MUST SEE GOLD CHART & MARKET UPDATE MAY 29th: Implications Of This Gold Chart The Market Doesn’t Want You To See This is a “MUST SEE” Gold chart that the market doesn’t want you to see or understand the profound implications taking place.  Actually, I was quite surprised by the figures when I made the chart.  There now seems to be a growing Trend-Change between the EAST vs. ...

As people continue to digest breaking news from around the world on Memorial Day, years ago the Godfather of newsletter writers, Richard Russell, discussed the war to inflate, the horrors of war and what he was telling his subscribers to do.  Included in this piece is one of the most tragic images you will ever see. May 29 (King World News) – Richard Russell may have passed but his words are still with us:  “Monday is Memorial Day, the day in which we show our appreciation to the hundreds of tho...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2023-05-29T16:22:01Z In this Monthly Wrap-Up podcast, Craig Hemke welcomes Michael Oliver, CEO of Momentum Structural Analysis LLC. Michael has been analyzing all financial asset classes including the stock market, the bond maket, foriegn exchange, and commodities (with emphasis on Gold & Silver) for the last 30 years. Michael and Craig discuss this recent pull back, with a monthly hi...

By Huileng TanInsider, New YorkSunday, May 28, 2023 The Chinese currency is having its moment in the sun as a potential challenger to the U.S. dollar-dominated global payments system. As it looks to broaden the use of its currency internationally, China has forged deals with countries including Russia. And while the currency isn't the only greenback challenger, it is the most high-profile contender, against the backdrop of US-China tensions and Beijing's alliance with Russia amid the war. ... Di...

By Khalid Al AnsaryBloomberg NewsMonday, May 29, 2023 Iraq's central bank boosted its gold reserves by about 2% in a single day last week as part of what it calls a gradual plan to stock up on the precious metal that's seen as a traditional haven in times of economic distress. Iraq bought 2.5 tons of bullion on Thursday to bring its reserves to 132.73 tons, Mazin Sabah, director general of the central bank's investments department, said in an interview in Baghdad. The strategy is to acquire more...

The war on inflation is creating even more inflation and that is extremely dangerous policy at this moment in history. May 28 (King World News) – Matthew Piepenburg, partner at Matterhorn Asset Management:  It’s true that, “the Devil is in the details.”  Anyone familiar with Wall Street in general, or market math in particular, for example, can wax poetic on acronym jargon, Greek math symbols, sigma moves in bond yields, chart contango or derivative market lingo. Notwithstanding all those “detai...

By Jim Tankersley, Catie Edmondson, and Luke BroadwaterThe New York TimesSaturday, May 27, 2023 President Biden and House Speaker Kevin McCarthy tonight reached an agreement in principle to raise the debt limit for two years while cutting and capping some government spending over the same period, a breakthrough after a marathon set of crisis talks that has brought the nation within days of its first default in history. Congressional passage of the plan before June 5, when the Treasury is project...

By Alex CarpNew York MagazineMay 1, 2023 About a dozen years ago, a pseudonymous commenter on a financial website, writing under the name Beowulf, presented an unusual solution for a debt-ceiling standoff: If the federal government was at risk of default, and Congress couldn't agree to either cut spending or raise the borrowing limit cleanly, couldn't it simply mint a trillion-dollar coin? ... Dispatch continues below ... ... ADVERTISEMENT ... USA Gold: Coins and Bullion Since 1973 USAGold, well...

Today Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News that the US is in fact a giant Ponzi scheme and gold will be $3,500 next year. Is The US A Giant Ponzi scheme?May 27 (King World News) – Eric King:  “Nomi, I don’t see how people are going to survive continued inflation because I’m not seeing the wages keep up in any way (with inflation). I’m seeing (consumer) credit card (debt) — they’re stretched...