The world is descending into a much-heralded recession but it will be much worse than anyone imagined. A Look Into The AbyssSeptember 8 (King World News) – Alasdair Macleod:  As the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This is not what the economic establishment expects. This article puts the outlook in the context of classical economic theory, when it was the principles behind the division o...

Men and women of the people, these leaders. Someone should count the spoons afterwards. * * * By Shobhit GuptaHindustan Times, New DelhiThursday, September 7, 2023 For a rich dining experience of world leaders, meals will be served to them on silver and gold-plated utensils. New Delhi is all decked up to welcome the international dignitaries for the upcoming G20 Summit, which is scheduled to be held at the sprawling Bharat Mandapam at New Delhi's Pragati Maidan from September 9-10.  ... Dispatch...

By the Associated Pressvia ABC News, New YorkThursday, September 7, 2023 COPENHAGEN, Denmark -- At first the Norwegian man thought his metal detector reacted to chocolate money buried in the soil. It turned out to be nine pendants, three rings and 10 gold pearls in what was described as the country's gold find of the century. The rare find was made this summer by 51-year-old Erlend Bore on the southern island of Rennesoey, near the city of Stavanger. Bore had bought his first metal detector earl...

By Nidal Al-MughrabiReutersThursday, September 7, 2023 GAZA -- A Gaza dentist has developed ultra-lightweight gold coins to allow people without much money to access to one of the most widely used savings methods across the Middle East. "The idea stemmed from the community's need to own gold amid the difficult living conditions the people live in," said Ahmed Hamdan, who developed the coins, which range in weight from half a gram to 10 grams. ... Dispatch continues below ... ... ADVERTISEMENT .....

Here is a look at a currency war, “rent too damn high,” and who is guzzling crude oil and commodities. Stock Market: Split PersonalitySeptember 7 (King World News) – Art Cashin, Head of Floor Operations at UBS:  The split personality that we alluded to in the late morning update, continues to be in full effect. The Nasdaq continues to be in the weak link in the equity market, with the Dow being saved by a handful of stocks, most notably Intel among others.  Bulls are spared too much anxiety sinc...

On the heels of the recent volatility in the gold market, King World News continues to focus on the big picture for gold and it is extremely bullish, which is why it’s so important for investors to ignore the short term noise in the paper futures market. Gold Priced In World CurrenciesSeptember 7 (King World News) – Graddhy out of Sweden:  $XAUWCU is the collected chart for gold priced in the major currencies. And it is holding solid above blue line. Plus now also has another breakout, above ora...

Posted by SRSrocco in Economy, Energy, Mining, Precious Metals, Silver Members on September 6, 2023 — Comments Off on THE COLLATERAL TRAP: Massive U.S. Treasury Issuance vs. Global Gold Production Value Unfortunately, most investors are sleep-walking into the “Collateral Trap” as massive U.S. Treasury issuance has totally disconnected from the physical economy.  It’s truly amazing that the global financial system leverages debt based upon U.S. Treasuries, which are also debt… This content is for...

By Ted ButlerSilverSeek.comTuesday, September 5, 2023 I have contended for nearly 40 years that silver has been manipulated and suppressed in price by means of excessive short selling on the Comex, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The low price has reduced supply and current production and increased demand (both industrial and investment) to the point w...

People around the world need to be extremely careful because another run on banks is happening right now! Runs On Banks Are Going on Right Now! (But Let’s Keep This Quiet)September 6 (King World News) – Gregory Mannarino, writing for the Trends Journal:  Remember this… “Nobody Knows Until Everybody Knows.” And When Everybody Knows, ITS ALREADY TOO LATE. There is a phenomenon going on now which is getting almost no attention from the mainstream media outlets, and for good reason. If people were m...

Another gold catalyst is happening in the background and that is going to be seen in the form of a wave of massive commodity inflation that has already started. Also, when it comes to the volatility we have been seeing in the gold market, always step back and stay focused on the big picture. Focus On Gold’s Big Picture During VolatilitySeptember 6 (King World News) – Graddhy out of Sweden:  Big picture, gold is still holding blue support line. Ignore Volatility, Gold Is Holding Blue Support Line...

By Leo Lewis and David KeohaneFinancial Times, LondonTuesday, September 5, 2023 The retail price of gold in Japan has jumped to an all-time high as the yen extends its historic slide against the U.S. dollar and cash-laden households rush to find a hedge against inflation. Buying of yen-denominated gold at the nation's largest dealer has driven the price of the yellow metal above the Y10,000-per-gramme level for the first time in recent days. It was trading at Y10,100 today, according to retail p...

11:30p ET Tuesday, September 5, 2023 Dear Friend of GATA and Gold: Doug Casey's colleague at International Man, Jeff Thomas, today ruminates on the possibility that in a currency crisis, such as one prompted by an anti-U.S. bloc's creation of a gold-backed currency, the U.S. government will resort to some form of confiscation of gold from investors. After all, as Thomas notes, the United States has attempted confiscation before. In 1998 South Korea undertook a remarkably successful campaign to p...

By Marc Jones, Eliana Raszewski, and Rodrigo CamposReutersTuesday, September 5, 2023 María Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina's persistent inflation now running at over 100% and a steady devaluation of the little-loved local peso. The peso currency is now in the crosshairs of the country's dark-horse presidential front-runner, libertarian radical Javier Milei, who has pledged to eventually scrap the ...

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 ...

Look at what is about to go up in smoke that is on the brink of default and how it will impact the gold and silver markets. On The Brink Of DefaultSeptember 5 (King World News) – James Turk:  The good times are over, Eric. We’ve had the boom, and the bust is rolling in.  The evidence that we face tough times ahead continues to mount. It is a global phenomenon, which is not surprising given the sole reliance on fiat currencies everywhere and the ongoing central bank manipulation of interest rates...

1:57p ET Tuesday, September 5, 2023 Dear Friend of GATA and Gold: Gold researcher Jan Nieuwenhuijs, who has closely followed the gold market in China for many years, today provides his estimates of China's official gold reserves and the amount of gold held by the country's residents. It's a lot in both respects. Nieuwenhuijs' analysis is headlined "Estimated Chinese Gold Reserves Cross 5,000 Tonnes" and it's posted at the Gainseville Coins internet site here: https://www.gainesvillecoins.com/blo...

Even as the US Dollar Index rallies above the 104 level, the gold and silver markets are near a historic upside explosion. Gold Looking Like 2022 LowSeptember 5 (King World News) – Graddhy out of Sweden:  Precious metals screamed big low at 2022 lows. Many parameters are now looking similar, e.g. Comex + COT + bonds. And there is no lack of bullish patterns. This one now has a 2nd backtest. Gold Continues To Hold Upside Breakout After Two Backtests Are you watching all these bullish patterns..? ...

Posted by SRSrocco in Economy, Energy, News, Silver Members, Videos on September 3, 2023 — Comments Off on CRUCIAL NATGAS UPDATE SEP 3rd: Major Price Volatility Coming? While natural gas prices have remained low since the beginning of Spring, the natural gas market may experience significant price volatility over several weeks.  Why?  There are major supply and demand forces that could disrupt the natural gas market and price in September… This content is for Corporate Membership Plan, Gold Memb...

As we kickoff trading this week, financial assets are now set to seriously deflate. The Good News?September 3 (King World News) – Matthew Piepenburg, partner at Matterhorn Asset Management:  Have you heard the good news? The Atlanta Fed GDPNow estimates a 5.9% growth in real GDP for Q3 2023. In nominal terms, we can even boast of an 8.9% surge. What fantastic news! Growth! Productivity! This must mean we can all breath a collective sigh of relief as Powell continues his valiant war against infla...

9:53p ET Friday, September 1, 2023 Dear Friend of GATA and Gold: On this week's episode of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire interviews Adam Trexler, founder of Valaurum, the company issuing polymer-coated, gold-containing bills in assorted denominations that put the monetary metal back in circulation in a supremely practcal way for people of ordinary means. Such bills may be the most formidable threat to government's monopoly on money, and thus t...