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India recalls 100 tonnes of gold from Bank of England, may bring back still more

From The Times of India, MumbaiFriday, May 31, 2024 NEW DELHI -- The Reserve Bank of India has moved a little more than 100 tonnes of gold from the United Kingdom to its vaults in the country, marking the first time at least since early 1991 when precious metal at this scale has been added to the stock held locally. A similar quantity of gold may be headed in the country again in the coming months, with official sources telling the Times of India that the transfer to locations within the country...
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Robert Lambourne: BIS gold swaps rose 10 tonnes from February to April

By Robert LambourneFriday, May 31, 2024 Gold swaps undertaken by the Bank for International Settlements appear to have risen slightly in March and April, according to the bank's monthly statements of account for those months, both published this week: https://www.bis.org/banking/balsheet/statofacc240430.pdf https://www.bis.org/banking/balsheet/statofacc240331.pdf From the statements it is possible to estimate the volume of gold swaps undertaken by the BIS at the month-ends: around 71 tonnes for ...
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U.S. ELECTRICITY UPDATE MAY 2024: Residential Electricity Rates Hit All-Time High












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 ...
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This Just Collapsed To Lowest Level In 23 Years, Plus More “Transitory” Inflation On The Way



This just collapsed to the lowest level in 23 years. Plus a look at more “transitory”inflation. May 30 (King World News) – Peter Boockvar:  Pending home sales in April fell a sharp 7.7% m/o/m, well more than the anticipated 1% decline. This takes the index to just .5 pt from the lowest level on record dating back to 2001. Pending Home Sales Collapse To Lowest In 23 Years The NAR stated the obvious reason, “The impact of escalating interest rates throughout April dampened home buying, even with m...
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Silver Is Consolidating Massive Gains, But Take A Look At This…












Silver is now consolidating massive gains, but take a look at this… May 30 (King World News) – Maria Smirnova, Managing Director at Sprott Asset Management:  The global energy transition requires many critical materials, including silver, which plays a significant role. Although renewable power generation and battery storage technologies may conjure visions of cobalt, lithium and nickel, we would argue that silver plays an even more fundamental role across several clean energy technologies, whic...
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Vietnam's central bank to sell gold through state banks to quell prices

By Quynh TrangVN Express, HanoiWednesday, May 29, 2024 The State Bank of Vietnam, in a move to stabilize gold prices, will sell gold bars to four state-owned lenders so they can distribute them to retail buyers. The sale will begin June 3 at prices determined by the central bank, bank Deputy Governor Pham Quang Dung said Wednesday. ... Dispatch continues below ... ... ADVERTISEMENT ... The first 99.99% pure silver and gold bullion medals or non-legal tender coins from Ireland are now being sold ...
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Pam and Russ Martens: Academic study documents revolving door between big banks and regulators

By Pam and Russ MartensWall Street on ParadeThursday, May 30, 2024 On January 18, 2019, the Cambridge University Press published a stunning research paper from the Journal of Institutional Economics. The paper provides the hard numbers to support the thesis that federal banking and securities regulators have arrived at a deep understanding and acceptance that the more connections they acquire while working in government and the more prominent their position becomes -- the fatter their future pay...
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Ronan Manly: Trends and developments in central bank gold buying

By Ronan ManlyBullion Star, SingaporeThursday, May 30, 2024 As we approach mid-year 2024 in the environment of an all-time high U.S. dollar gold price, it's notable that central bank gold buying continues to be one of the themes dominating gold market discussion. This is because following a record year in 2022, when according to the World Gold Council central banks and official financial institutions purchased a massive 1082 tonnes of gold for their monetary gold reserves, 2023 was nearly as imp...
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THE KEY SILVER PERCENTAGE CHART BREAKOUTS: Also, What Are The Two Important Technical Levels For Silver Now?

Posted by SRSrocco in News, Precious Metals, Silver Members on May 29, 2024 — Comments Off on THE KEY SILVER PERCENTAGE CHART BREAKOUTS: Also, What Are The Two Important Technical Levels For Silver Now? The silver percentage chart shows three key silver breakouts.  The most recent Breakout resulted from a decade of backfilling and Retests.  With the silver price up nearly $10 since February, what are the current important technical levels… This content is for Silver Membership Plan, Gold Members...
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Fear Mounts The US On The Edge Of A Major Financial Crisis



Fear continues to mount that the US is on the verge of a major financial crisis. Fear Mounts Over Ballooning US DebtMay 29 (King World News) – Gerald Celente:  With another round of U.S. treasury bonds to be unleashed onto an already flooded market late this summer, investors are expecting bond prices to fall, especially among long-dated bonds. Neither presidential candidates Biden nor Trump are touting plans to cut the national debt; few Congressional candidates are campaigning on plans to rais...
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In uncertain times, gold jewellery offers financial security

When gold is remonetized, India may be the richest country in the world. * * * By Yumna IftikharThe Globe and Mail, TorontoTuesday, May 28, 2024 As a child Adiba Ahmed didn't understand why her mother loved gold jewellery. But when her family came under financial stress and her mother sold the gold to keep them afloat, Ahmed realized that gold jewellery could be a reliable emergency fund. Gifting gold jewellery on special occasions is a prominent tradition in many South Asian countries, includin...
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What Is Happening With Gold & Silver Is Truly Remarkable



What is happening with gold and silver is truly remarkable. A Golden Year For Gold: Central Banks Continue StockpilingMay 29 (King World News) – Gerald Celente:  Gold’s price has rocketed up 33 percent since 2023 began, recently topping $2,450 an ounce last week. The surge in demand has not come from individual retail investors; gold-focused exchange-traded funds have seen net outflows of investment over the past three years. The big buyers have been central banksters, grabbing about 2,200 tons,...
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Will This Make Investors A Fortune In The Gold Market?





Will this make investors a fortune in the gold market? “The intelligent investor is a realist who sells to optimists and buys from pessimists.” — Benjamin Graham Gold Mining SharesMay 28 (King World News) – Roni Stoferle at Incrementum:  The performance of gold and silver mining shares has been disappointing for most investors in recent years. The divergence between the development of the gold price and gold mining shares has been truly remarkable. As the next chart shows, the shares of gold min...
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Gold Back Above $2,350 And Silver Surges $1.6, But Here Is The Big Surprise




Gold is back above $2,350 and silver is surging $1.63 near recent highs, but here is the big surprise. EuphoriaMay 28 (King World News) – Peter Boockvar:  As measured by Citi, euphoria is back to matching the mid April highs at .45 in its index and follows the extreme read in last weeks Investors Intelligence survey with the Bull/Bear spread above 40 points.  This index is particularly relevant in terms of its statistical significance according to Citi. As we know markets go up about 70% of the ...
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Pam and Russ Martens: JPMorgan Securities is fined $100 million for spoofing and high-frequency-trading violations

By Pam and Russ MartensWall Street on ParadeTuesday, May 28, 2024 How does a Wall Street trading firm gain competitive advantage to entice spoofers and high-frequency trading firms to use its trading platforms instead of those of its competitors? How about having its trading compliance personnel wear a blindfold as billions of trades occur over the span of eight or nine years? ... Dispatch continues below ... ... ADVERTISEMENT ... First Majestic Mines Silver and Gold in Mexico and Operates Bulli...
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Look At What Happens To The Price Of Gold When Stock Markets Collapse





Look at what happens to the price of gold when the stock markets collapse. “The next major leg up in the gold price will prove to be a religious experience for those people unfortunate enough to find themselves short.” — Paul Mylchreest When Stocks Collapse What Happens To Gold?May 25 (King World News) – Roni Stoferle at Incrementum:  In the event of a weakening stock market, the opportunity costs would be low from the perspective of a potential gold investor. A slide in equity markets would pro...
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Robert Lambourne: Interest cost of U.S. 'special debt' still falls as debt and rates rise

By Robert LambourneMay 27, 2024 This note updates a report from March 17 concerning the gross interest cost reported in the last 12 monthly U.S. Treasury statements for the Federal government. That report is here: https://www.gata.org/node/23080 This note highlights a strange pattern of interest payments reported on the so-called Special Debt, the portion of the U.S. federal government debt held by various government-sponsored trust funds. Surprisingly, despite rising interest rates and higher d...
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SETTING UP FOR FAILURE PART 2: Portland General Electric Utility Unsustainable Economics

Posted by SRSrocco in Economy, Energy, News, Silver Members, Videos on May 26, 2024 — Comments Off on SETTING UP FOR FAILURE PART 2: Portland General Electric Utility Unsustainable Economics As U.S. Utility companies continue to transition to Green Energy, they are setting up for massive failure in the future.  In this second update, I show how Portland General Electric in Portland, Oregon, is typical of utility companies’ unsustainable economics… This content is for Corporate Membership Plan, G...
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Greyerz – The Ultra-Wealthy Are Now Buying Gold

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the ultra-wealthy are now buying physical gold. This is what happens in phase III of a bull market. May 25 (King World News) – Eric King:  “Egon, in the past when you would deal with family offices the desire to own gold just wasn’t there. You would go present to them, but they were not looking for gold at that time. Why do you think right now they are looking at...
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Macleod Says Silver Shorts Are Desperate And Trapped

Today Alasdair Macleod told King World News that the silver shorts, which have massive exposure, are now trapped and getting to a point of desperation. May 25 (King World News) – Eric King:  “Alasdair, the shorts are massively exposed in the silver market. So they are betting on a downside move, but it’s been going in their face the entire time. And these are swaps, so how is that going to resolve?” Alasdair Macleod:  “Well, that’s a very good question. I don’t think they willingly got into this...
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