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Gold Surges More Than $30 As Trade War Escalates But Here Is What is Really Driving The Rally In Gold

With the price of gold surging $30 and silver up 40 cents, and the Dow down 400, here is a look at what is driving the rally in the gold market outside of the ongoing Trade War between the US and China. Within hours KWN will be releasing an important audio interview with James Turk about today’s big surge in gold and silver! Until then… Gold/SilverAugust 23 (King World News) – Alasdair Macleod:  “What matters for gold is on LME Precious, indicated yield one-year forward is 1.9%. With negative ra...
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The Silver Price Surges Higher As Mine Supply Falls In Top Producing Countries

As the silver price rally continues, mine supply from three of the top producing countries fell significantly this year.  Peru, Chile, and Mexico all reported declines in silver mine supply in the first half of the year, with Peru suffering the largest dropoff.  With these three countries accounting for 45% of total global silver production, a reduction in mine supply can impact the overall market.According to the mine supply data reported by each country, Peru’s silver production is down 10% in...
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“American companies are hereby ordered to immediately start looking for an alternative to China”: Trump

President Trump just gave a direct order to American companies, also including ordering ALL mail carriers to search mail for Fentanyl… There is still a lot of day left to go in what is turning out to be a rather spectacular day for both Trump’s unloading on the Fed and China. Recall from moments ago: Assuming “Powel” means “Powell”, President Trump isn’t sure which one is worse. Still, President Trump is not happy with China one bit. Again from Twitter, moments ago: ….better off without them. ...
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Gold & Silver Spike As Powell Says Fed Prepared To Sustain Bubble Economy, Trump Not Impressed

Gold & Silver are taking a liking to Jerome “Sustain The Expansion” Powell even if President Trump wants MOAR! Jerome Powell began speaking a 10:00 a.m. at Jackson Hole. After the standard prep the metals going into a Fed Head speech, gold & silver are responding quite well: Not a bad little move. Of course, it’s also a continuation move from the earlier announced escalation in the Trade War by China: Silver is up some $0.30 from just a few hours ago. More on Fed Dove Powell, from Bloo...
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What Will Jackson Hole Bring To Us And Gold?

Powell will be more hawkish than markets are anticipating, and that that’s not good news for gold bulls. Here’s why… by Arkadiusz Sieron of Sunshine Profits The 2019 Economic Symposium in Jackson Hole has begun! Today, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market? Jackson Hole 2019 Has Begun This week is rather light in terms of incoming economic data, with the minutes from the last FOMC meeting being the only exception. Now, investors aw...
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Sprott Money News Weekly Wrap-up - 8.23.19

Is your network connection unstable or browser outdated? Original linkOriginal author: Sprott Money
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Markets In Turmoil As China Announces Retaliatory Tariffs On US Goods

China has just announced two more waves of tariffs, and the markets are reacting. Here are the details… From Zero Hedge Just over an hour after the Global Times’ Hu Xijing warned that China would announce retaliatory tariffs on certain US products, adding that “China has ammunition to fight back”, that’s precisely what happened when China’s Ministry of Finance said in statement posted on website late Friday that it would levy retaliatory tariffs on another $75BN in US goods with rates anywhere b...
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TRUMP IS LOOKING INTO “VARIOUS TAX REDUCTIONS” TO BOOST THE ECONOMY

In an economic move that everyone except the mainstream media can get behind… by Mac Slavo of SHTFplan In an economic move that everyone except the mainstream media can get behind, President Donald Trump is considering reducing the heavy taxation burden on Americans to help boost the economy.  Lower taxes means less is stolen from the producers and flowing into the hands of the parasites.  No one should care how much money the government will lose. Theft is theft whether it’s done by the governm...
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The Outlook For COMEX Silver Improves – Craig Hemke

Is silver about to finally play catch-up to gold? by Craig Hemke via Sprott Money While we’ve been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we’ve also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much. Two posts from earlier this year that you should review before continuing: • This from January: https://www.sprottmoney.com/Blog/gold-and-silver-2… • This fro...
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What’s Next For The Gold Bull, Plus The Temptation To Take Profit

With the price of gold getting more attention in the media, here is an important look at what’s next for the gold bull, plus the temptation to take profit. Gold/SilverAugust 22 (King World News) – Ole Hansen, Head of Commodity Strategy at SaxoBank:  “It’s been a relatively quiet week so far in precious metals with gold being stuck in a relative tight range around $1500/oz. The focus, apart from Greenland, has been squarely on the gathering of central bankers at the Annual Federal Reserve Policy ...
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Paul Craig Roberts: Globalism Transferred The US Economy To China, Tariffs Are Not The Solution

The US is locked on a path that leads directly to the Third World of 60 years ago. President Trump is helpless to do anything about it… by Paul Craig Roberts via PaulCraigRoberts.org What Globalism Did Was To Transfer The US Economy To China The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, an...
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Is “Financial Literacy” Making Gold Less Relevant In India?

Gold is for the great unwashed while modern financial assets are for more sophisticated people, people gaining “financial literacy”… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Predictably enough the Financial Times report today that is appended here underplays the Indian government’s unending war against gold, while acknowledging that the government’s paperization campaign has failed so far. But the report is delightful for its presumption that g...
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The Yield Curve Is Telling The Fed To Cut Rates

Mike Manwell sits down with Kevin Smith to discuss the yield curve, the Fed rate cuts, and a whole lot more… by Mike Manwell via Rethinking The Dollar Thanks for watching this interview, “The #YieldCurve Is Telling The #Fed To #CutRates w/ Kevin Smith. In this interview the CIO of Crescat Capital sits down to share his thoughts on the global economy. During the discussion Kevin C. Smith outlines the three primary concerns in the economy and the most important is the bubble style economy in China...
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Lindsey Graham’s Blank Check: A Defense Agreement With Israel Would Be Disaster For Americans

Graham’s proposal might be part of a White House plan to end-run Congress and public opinion by enabling Israel to start the war, whereupon the US… by Philip Giraldi via Strategic Culture Two world wars began because of unconditional pledges made by one country to come to assistance of another. On July 5, 1914, Kaiser Wilhelm II of Germany pledged his country’s complete support for whatever response Austria-Hungary would choose to make against Serbia after the June 28th assassination of Archduke...
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The Setup For Silver Is Becoming Very Bullish

On the heels of the recent rally in the metals, the setup for silver is becoming very bullish. Gold/SilverAugust 22 (King World News) – Top Citi analyst Tom Fitzpatrick:  For the first time since August 2010 we have seen a bearish outside month on the Gold/Silver ratio suggesting that Silver can outperform here. In 2010-2011 the ratio fell 55% even as Gold rallied a further 63% (see chart below). Silver Set To Dramatically Outperform Gold If anything this reversal is even more impressive as it ...
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“Too Big To Fail” Bank In America Boldly Declares “The Wheels For A Slowdown Are In Motion”

Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us… by Michael Snyder of The Economic Collapse Blog Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us.  Over the past week or so, the mainstream media has been filled with chatter about the possibility of a recession and what that would mean for the Trump campaign in 2020, and we continue to get more evidence on a daily basis that economic a...
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If You’re Looking For A Canary In The Coal Mine…Watch Gold!

Given all of the interest-rate assumptions that current market pricing is based on, watch gold… from Zero Hedge The Day Before a Big Event Is Hardest to Trade The European PMIs that were released earlier today beat forecasts. And it felt positively quaint when the euro and bund yields rose to their respective highs of the day. If that is all it takes to change the mood, then economists should be enlisted to keep low-balling any economic estimates. Algorithms can be forgiven for reacting to the p...
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Our Wile E. Coyote Federal Reserve

Whatever the Fed chooses to do, it’s already failed… by Charles Hugh Smith via Of Two Minds Wile E. Coyote has gotten a bad rap: in all fairness, his schemes are ingenious, if overly complicated, and it’s not his fault that the Acme detonator misfires or the Road Runner doesn’t respond as predicted. Every set-up to nail the Road Runner should work. That it fails and leaves him suspended over the cliff for a woefully brief second to intuit his impending doom really isn’t his fault. Wile E. Coyote...
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SHALE OIL NEXT VICTIMS: The Major Oil Companies

As the situation continues to deteriorate for the small to mid-sized shale operators, the next victim will be the major oil companies… by Steve St Angelo of SRSrocco Report As the situation continues to deteriorate for the small to mid-sized shale operators, the next victim will be the major oil companies.  If you think I may be exaggerating, the data and charts reveal that the major oil companies are already struggling to make money producing shale.  And, when the overdue U.S. and global recess...
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McClellan – The Whole World Is Abuzz

With many traders stunned by some of the trading action in global markets, today veteran newsletter writer, Tom McClellan, discusses why the whole world is abuzz. The Whole World Is AbuzzAugust 22 (King World News) – Tom McClellan of the McClellan Report:  The whole media world is abuzz lately with talk of the inversion in the yield curve, and what it means for a potential recession.  The track record is mixed there, and there is much debate among academics about whether it is “different this ti...
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