The price of gold and silver both rallied this week but take a look at these big surprises. August 26 (King World News) – Alasdair Macleod:  Gold and silver rallied from the lows of last week in quiet Comex trade for gold, but more active trade in silver. In Europe this morning, gold was at $1916, up $27 from last Friday’s close, and silver was up $1.30 at $24.14.  Gold has been remarkably quiet in all August, as the snapshot from the Comex web page below indicates.  It would appear that this lo...

In addition to gaining full access to all SRSrocco Report public and Silver Member content, Gold members will be privy to 1-2 Gold Member posts per week in the SRSrocco Report Gold Vault on the topics listed below.  Gold Members will also receive deeper layers of analysis on the content provided to Silver Members and the general public. Your Gold Membership will give you first-rate, up-to-date summaries of what’s trending in the fields below, including “My Type of Analysis” SRSrocco’s trademark ...

From Global Times, BeijingFriday, August 25, 2023 With Iran, Saudi Arabia, and the United Arab Emirates joining BRICS, the multilateral mechanism now includes major global oil producers and importers. Analysts said that a wider adoption of local currencies for trade among BRICS countries, rather than using the U.S. dollar, seems more natural. ... Dispatch continues below ... ... ADVERTISEMENT ... First Majestic Mines Silver and Gold in Mexico and Operates Bullion Store First Majestic is a public...

Earlier today King World News released 3rd Gold Bull In The Past 50 Years Is About To Unleash On The Upside. The price of silver is also about to be unleashed to new all-time highs above $50, even as sentiment in the metals and mining sector remains fearful. Big Picture For SilverThere has been so much noise in the gold and silver markets recently that it is extremely important to take a step back and look at the big picture so investors can remain focused and not let their emotions get the bett...

By Jan NieuwenhuijsGainesville Coins, Lutz, FloridaFriday, August 25, 2023 An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power. ... Dispatch continues below ... ... ADVERTISEMENT ... Protect Against Inflation with Kinesisand Earn a Yield on Gold and Silver Kinesis is an online investment platform giving you access to fully-allocated, sound-...

By Liz Capo McCormick, Erik Wasson, Christopher Condon, and Alexandre TanziBloomberg NewsThursday, August 24, 2023 American politicians are keener than ever to juice the economy with government cash, a shift that's already helping to drive up borrowing costs and looks likely to keep them high long after the inflation emergency is over. The outlook for the federal budget right now is essentially unprecedented -- crisis-size deficits as far as the eye can see, even though the economy appears to be...

We are about to see the 3rd gold bull market in the past 50 years unleash on the upside. There has been so much noise in the gold market recently that it is extremely important to take a step back and look at the big picture so investors can remain focused and not let their emotions get the better of them. Here it is… Gold’s Big PictureAugust 25 (King World News) – Graddhy out of Sweden:  Big picture, gold is now back above blue support line, as expected. One cannot play a resumed gold bull with...

Posted by SRSrocco in Energy, News, Silver Members on August 24, 2023 — Comments Off on Rapid Increase In Permian Oil Decline Rate Signifies Peak Production Ahead While the Mighty Permian Shale Field continues to supply a record amount of oil, the rapid increase in the natural decline rate suggests peak production is coming sooner rather than later.  Thus, the Permian is also running up against the RED QUEEN SYNDROME. It’s truly amazing how the Shale Industry bamboozles the public by claiming… T...

By Ambrose Evans-PritchardThe Telegraph, LondonThursday, August 24, 2023 Dollar hegemony has become a curse for the global economy. It serves the interests of no country, least of all the United States itself. The frenetic monetary lurches of the U.S. Federal Reserve are transmitted worldwide in disruptive cycles of dollar liquidity, and amplified through the $12 trillion market for offshore dollar loans and a vast nexus of debt contracts linked to U.S. borrowing costs. ... Dispatch continues be...

As we close in on the month of September, a global wildcard is acting like a giant wrecking ball. CHINA’S WOES SPREADING ACROSS THE ECONOMYAugust 24 (King World News) – Gerald Celente:  Zhongrong International Trust may be the canary in China’s financial coal mine. The trust manages a variety of what The Wall Street Journal called “esoteric financial products” and had the equivalent of $1.08 billion under its control at the end of last year. Now four of the trust’s investment products have toget...

By Archie Hunter, Alfred Cang, and Jonathan BrowningBloomberg NewsThursday, August 24, 2023 Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. The latest example, detailed in lawsuits in London and Singapore, is separate from the $600 million alleged fraud against Trafigura Group that shocked the trading industry earlier this year, but it involves several of the same companies. ... Dispatch continues below ....

Take a look at the shocking retail stock bloodbath. Retail Stock BloodbathAugust 24 (King World News) – Dean Christians writing for SentimenTrader:  Should we buy the retail stock bloodbath? Key points: The Optimism Indexes for several retail stocks plunged to some of the lowest levels in historySimilar sentiment extremes suggest further downside over the next few months Harnessing the power of the Backtest Engine to identify sentiment extremes Each night, I sort the website’s S&P 1500 Optim...

By Felix Njini and Tiemoko DialloReutersWednesday, August 12, 1023 NAIROBI, Kenya -- Some of Mali's top gold producers said a new law to allow the military-led government to increase its ownership of mines should not apply to existing operations, but analysts said it was likely to deter future investment. In line with a rise in resource nationalism across the world, spurred on by strong commodity prices, the code adopted by Mali's Parliament - would allow the state and local investors to take st...

The price of gold surged along with silver and US bonds but the underlying truth is that stagflation is an ugly thing. The Game Is On The TableAugust 23 (King World News) – Art Cashin, Head of Floor Operations at UBS:  We made the suggestion in the late morning update that if bond yields moved below the 4.35% test area to a significant amount, a few traders might assume that the entire testing process could be over, and we have certified a series of highs in yields.  It would appear that a few, ...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2023-08-23T18:54:47Z On this episode of Ask The Expert, Craig Hemke sits down with Larry Lepard to discuss the current state of the economy, central bank policies, and their impact on precious metals. Lepard emphasizes the brokenness of the financial system, the inevitability of monetary debasement, and the need to protect wealth by holding hard assets like gold and silver. He anticipates...

By Alex NewmanThe Epoch Times, New YorkTuesday, August 22, 2023 With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers in Washington and state capitals are touting gold and precious metals as the solution. From congressional efforts that would once again back the U.S. dollar with gold to state-level initiatives to facilitate commerce in precious metals, ...

When it comes to the world of central planning one thing is certain, central banks are fostering an extinction level event. Central Banks Are Fostering An Extinction Level EventAugust 23 (King World News) – Gregory Mannarino writing for the Trends Journal:  U.S. mortgage rates here in the United States have just risen to their highest level in 21 years. Meanwhile, despite all the talk about how raising rates would somehow tame inflation, and that it was just temporary, and even transitory, infla...

By Steve Stroth and Joe DeauxBloomberg NewsTuesday, August 22, 2023 The former head of JPMorgan Chase & Co.'s precious-metals desk and his top trader today were sentenced to prison for spoofing, fraud, and attempted market manipulation. Michael Nowak, who ran gold and silver trading at the bank, and trader Gregg Smith were sentenced in Chicago by U.S. District Judge Edmond Chang. Nowak received a term of one year and one day while Smith was given two years, the stiffest sentence yet in a rec...

Look at how parts of the economy have collapsed. Existing Home Sales Remain CollapsedAugust 22 (King World News) – Peter Boockvar:  Existing home sales in July totaled 4.07mm, 80k less than expected and down from 4.16mm in June. That is the smallest number of existing home closings since January and just 50k from the least since 2010. Months’ supply rose to 3.3 and does so every year during spring and summer. For comparison, it was 4.2 in July 2019 and 4.3 in July 2018. Actual homes for sale in ...

In addition to gaining full access to all SRSrocco Report public and Silver Member content, Gold members will be privy to 1-2 Gold Member posts per week in the SRSrocco Report Gold Vault on the topics listed below.  Gold Members will also receive deeper layers of analysis on the content provided to Silver Members and the general public. Your Gold Membership will give you first-rate, up-to-date summaries of what’s trending in the fields below, including “My Type of Analysis” SRSrocco’s trademark ...