By Ira Dugal and Aftab AhmedReutersSaturday, May 20, 2023 MUMBAI -- India will start withdrawing its highest value currency notes from circulation, the central bank said on Friday, in a move that economists said could boost bank deposits at a time of high credit growth. The withdrawal of 2,000-rupee ($24.5) notes -- which the finance ministry's top official, T.V Somanathan, said would not cause disruption "either in normal life or in the economy" - also comes ahead of elections in four large sta...

9a ET Saturday, May 20, 2023 Dear Friend of GATA and Gold: London metals trader Andrew Maguire, speaking with Shane Morand on this week's "Live from the Vault" program from Kinesis Money, says central banks, excepting the Federal Reserve, are positioning themselves for an upward revaluation of gold, that the price for physical gold in China is already substantially higher than the nominal price in the West, and that suppression of gold prices on the New York Commodities Exchange is being exploit...

Today Alasdair Macleod told King World News that gold and silver investors are in for one hell of a ride. May 20 (King World News) – Alasdair Macleod, head of research at Goldmoney:  “I’ve attended two mining conferences in the last five or six weeks and I’ve been very impressed with the quality of the exploration companies. The problem is the investment community has forgotten the whole junior exploration sector. How can they ignore the sector which produces and explores for commodities and gol...

Today the man who has won 9 Graham & Dodd Awards warned King World News that inflation will haunt us for years to come. He also discussed what people should be doing with their money in order to protect themselves during this period of great inflation. May 19 (King World News) – Rob Arnott:  “Be ready for inflation to be an enduring problem for years to come. Why? Because until we get our spending under control the policy elite cannot afford to not have inflation reducing the real value of t...

  May 19 (King World News) – Alasdair Macleod:  Gold and silver prices declined this week, as the shorts mounted an attack on speculating longs. In Europe this morning, gold was trading at $1865, down $46 from last Friday’s close, and silver was at $23.69, down 25 cents on the week.  Both metals have fallen significantly over the last two weeks, correcting some of the earlier rise. Comex turnover on Comex in gold was moderate, while in silver it was low. Gold’s technical chart gives us some cont...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2023-05-19T15:39:24Z On this month's episode of "Ask the Expert" hosted by Craig Hemke, we have special guest Peter Boockvar! Peter is the chief investment officer of the Bleakley Financial Group, and author of "The Boock Report". He's also been featured in many financial magazines and financial television, such as CNBC, Investing News Network, Markets Insider and more. Craig Hemke asks m...

The human bubble and the global debt hyper-bubble may finally be set to burst and this will have dire consequences across the globe. The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing,” by fostering a population boom and consumers who are dependent on their product.” —GM  May 19 (King World News) – Greggory Mannarino writing for the Trends Journal:  The issue of a global population bubble is virtually not spoken of, in fact I may have...

Posted by SRSrocco in Economy, Energy, News, Silver Members on May 18, 2023 — Comments Off on DESTROYING THE CITY FROM THE INSIDE: The Main Factor Ignored By The Market & Economy There is an insidious force destroying cities in America and around the world, that very few realize.  It is a hidden killer that continues each passing day, week, month, and year… especially in a world now facing energy and resource constraints.  What is it… This content is for Corporate Membership Plan, Gold Membe...

Here is the good news for gold, plus interest rates are surging…again. Good News For GoldMay 18 (King World News) – Fred Hickey:  Good news! Gold futures contracts open interest plummeted by 37K contracts over past 2 days, & based upon this A.M.’s early action, trend will continue today. Hot money hedge funds dumping long gold contracts & shorting. Will start to show up in Friday COT reports (Managed Money). The 2-day plunge in gold futures contracts’ open interest, plus declines in DSIs...

By Alasdair MacleodGoldMoney, TorontoThursday, May 18, 2023 A consequence of increasing economic intervention by the state is that we are now expected to breed more taxpayers in future and draw down on our state pensions for less time. Our productivity must be improved as well, thereby maximising our state's tax revenues. With respect to the democratic process, is this really what we have signed up for? It is hardly surprising that we are losing individual freedom. We are now working for the sta...

Look at how you can benefit from the takedown in the gold market, a big surprise on car and truck pricing, plus consumers are broke. Benefitting From The Takedown In GoldMay 17 (King World News) – Fred Hickey:  I welcome what I believe is a healthy gold correction from overbought levels because – as HTS subs know – I have lots of cash(mostly in short-term T-bills) to put to work coming out of gold’s seasonal weak period. Gold miner sell-offs have mostly been very beneficial for my portfolio… Thi...

Today SentimenTrader issued a report of caution in the silver market. For those of you looking to accumulate physical silver and gold there is a note at the end of the piece discussing timing your purchases. Careful Here With SilverMay 17 (King World News) – SentimenTrader:  A swift reversal in silver suggests further downside. Key points: Silver futures reversed from a 4-month high to a 6-week low in eight sessionsSimilar reversals preceded negative returns for the commodity over the next two m...

Top trends forecaster in the world says consumer debt just hit $17 trillion for the first time but it gets worse… A Global Freak ShowMay 17 (King World News) – Gerald Celente:  It’s a global economic freak show. Add up the numbers. Take a trip to Argentina. With inflation running at over 100 percent and its peso down 23 percent against the U.S. dollar, Argentina’s central banksters raised its key interest rate yesterday by six percentage points to 97 percent. Go over to Italy and visit one of th...

Posted by SRSrocco in News, Precious Metals, Silver Members on May 16, 2023 — Comments Off on YOU WILL NEVER GUESS: Major Institution Took Big Stake In Sprott Silver PSLV ETF Something quite surprising happened in the Silver Market that precious metals investors would find very interesting.  A Major Institution took a BIG stake in the Sprott Silver PSLV ETF.  Honestly, I haven’t seen anything like it in the past, and I have been looking at this data for quite a while… This content is for Corpora...

Warning: The economy is already in full collapse and the consumer is also broke. This Can’t Be GoodMay 16 (King World News) – Charlie Bilello:  Home Depot sales fell 4% over the last year, the largest YoY decline since 2009. Home Depot Sales See Largest Sales Decline Since 2009 Global Financial Collapse! Timber!Lumber futures are at their lowest levels since May 2020, down 81% from the peak in May 2021. Lumber Prices Have Collapsed To Lowest Level Since COVID Meltdown! US Consumer Is BrokeUS ret...

8:52p ET Monday, May 15, 2023 Dear Friend of GATA and Gold (and Silver): GoldSeek Radio's Chris Waltzek and GATA Chairman Bill Murphy today discuss the strength of gold and silver prices despite constant raids by what Murphy calls the gold cartel. But Murphy says he is tired of the frequent reports that silver supply is extremely tight, since such reports have been circulating for years without result. Waltzek and Murphy also discuss the instability of the U.S. banking system. The discussion is ...

Posted by SRSrocco in Energy, News, Silver Members, Videos on May 15, 2023 — Comments Off on BREAKING: Massive U.S. Gas Drilling Rig Cut Means Much Higher Prices Coming With the U.S. Shale Gas Industry shutting down 10% of its Drilling Rigs this past week, what does that mean for U.S. natural gas production and the price?  Well, this will likely put a floor in the natural gas price a hell of a lot sooner than the market anticipated, leading to much higher prices in the months ahead… This content...

The economic collapse continues, plus silver looks explosive. SilverMay 15 (King World News) – Graddhy out of Sweden:  The gold volatility index (think VIX but for gold) has broken out big time and is backtesting. Here is the volatility index for silver. Backtesting. Silver Backtest Nearly Completely:Explosive Upside Comes Next Remember that silver itself is backtesting on weekly and monthly. This looks explosive. The Collapse ContinuesPeter Boockvar:  Here were some comments from Friday’s UoM c...

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the world is facing a catastrophic and disorderly reset. A DISORDERLY RESET WITH GOLD REVALUED BY MULTIPLES May 15 (King World News) – Egon von Greyerz, Founder and Managing Partner at Matterhorn Asset Management:  Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro...

By Pam and Russ MartensWall Street on ParadeMonday, May 15, 2023 If you have been following the banking crisis, you have likely read at least a dozen times that on March 12 federal banking regulators, with the consent of the U.S. Treasury Secretary Janet Yellen, invoked the "systemic risk exception" in order to protect both insured and uninsured depositors at the two banks that failed in March -- Silicon Valley Bank and Signature Bank. ... Dispatch continues below ... ... ADVERTISEMENT ... Fishe...