Submitted by cpowell on Tue, 2020-11-24 17:19. Section:12:20p ET Tuesday, November 24, 2020Dear Friend of GATA and Gold:With bitcoin and other cryptocurrencies getting much publicity lately, Hugo Salinas Price of the Mexican Civic Asociation for Silver today offers some cautionary observations -- particularly that governments seem to be smiling at bitcoin, indicating that they are confident of being able to deal at their pleasure with any threat the cryptocurrency ever poses to their own currenc...

Submitted by cpowell on Tue, 2020-11-24 16:55. Section:From The New York SunMonday, November 23 2020News that Vice President Biden intends to nominate the former chairman of the Federal Reserve, Janet Yellen, to be treasury secretary certainly has its ironies.We're still in the midst of watching the Democrats maneuver to defeat the nomination to the Fed board of Judy Shelton on the grounds that she would compromise the independence of the Fed from the Treasury. Mr. Biden's move is practically a ...

We are approaching panic in the gold and silver markets, but look at this…GoldNovember 24 (King World News) – Top Citi analyst Tom Fitzpatrick:  Gold closed decisively below a significant support range at $1849-$1850 which consists of a base of a triangle and horizontal support from the low on November 9th. There is another pivotal support range at $1791-$1803, which looks in danger of being tested, comprising of horizontal levels off of November 2011, February 2012 and October 2012 highs and 20...

This is a really odd time to be having a “housing boom”.  We are in the middle of the worst public health crisis in 100 years, endless civil unrest has…by Michael Snyder of The Economic Collapse BlogThis is a really odd time to be having a “housing boom”.  We are in the middle of the worst public health crisis in 100 years, endless civil unrest has been ravaging many of our largest cities, and we are experiencing the worst economic downturn since the Great Depression of the 1930s.  But even thou...

Their so-called reset is just a grab-bag of all the rubbish policies of the Left. They are using the pretext of the COVID pandemic—really, the consequences of…by Keith Weiner of Monetary-MetalsThere are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar. However, the government does not set the value of the dollar. So there is no way to reset the value. Indeed, the government has been t...

First and foremost, the margin of victory for Joe Biden in most swing states is under 0.5%., By law, this means a recount is MANDATORY. Secondly…by Graham Summers of Gains, Pains, & CapitalThe market is closed Thursday for Thanksgiving while Friday is only a half day. As such, this is a holiday week and most of Wall Street will be away from their desks.This means we can see greater volatility as trading volumes will be very light this week. This means the few traders/funds/ institutions that...

Many millions of people are suffering immeasurably because of Covid lockdowns, yet amazingly enough, the stock market is at an ALL TIME HIGH…by Simon Black of Sovereign ManNew York City is up 33% this year. St. Louis is up 66%. In Oregon it’s up 100%.I’m not talking about real estate prices, local budget gaps, or even property tax rates.These are the startling increases in the number of people across the country, and the world, who are in need of food.Food banks across the Land of the Free are e...

Submitted by cpowell on Tue, 2020-11-24 03:47. Section:JPMorgan Dominates Gold Market with Record $1 Billion Precious Metals RevenueBy Peter HobsonReutersMonday, November 23, 2020LONDON -- JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing, and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.The coronavirus has created a bonanza for investment banks dealing in gold, silver and other preciou...

It’s obvious that the Fed, along with its bullion bank market emissaries, has been working hard to keep a lid on the price of gold. From the…Dave Kranzler interviewed by Chris Marcus of Arcadia Economics via Investment Research DynamicsIt’s obvious that the Fed, along with its bullion bank market emissaries, has been working hard to keep a lid on the price of gold. From the vertical “zip lines” in the chart over the past two  weeks, the price management team is also making every effort to shake ...

Instead of encouraging the efficacy of human immunity and lifting the public out from under the mindset of fear and paranoia, governors are…by Lance Johnson via Natural News(Natural News) During a Facebook live stream, the Governor of Hawaii said it “will be required for everyone in the state of Hawaii to wear a mask when they’re in public, period.” Hawaii Governor David Ige told the Honolulu Star-Advertiser that noncompliance with his mandatory mask order will be equivalent to a misdemeanor. An...

With a day of reckoning approaching, this will violently reverse the price of gold higher.“Generate Additional Liquidity”November 23 (King World News) – James Turk:  The ECB head sounds like Rudolf Havenstein, the Reichsbank head during the Weimar hyperinflation because he made sure that Germany did not “run out of money”. The term “generate additional liquidity” means print more euros but what will euros be worth with unlimited printing?…IMPORTANT:One of the great gold opportunities and you can...

It is so misleading and even erroneous as to deserve rebuttal…by Chris Powell of the Gold Anti-Trust Action Committee (GATA)Dear Friend of GATA and Gold:GATA does not advocate returning currency systems to a gold standard. This organization advocates free and transparent markets for the monetary metals and keeping government out of them.Of course if governments adopted such a policy, people everywhere probably would remonetize gold as the world reserve currency in less than a week, diminishing t...

The United States is on the precipice of the greatest retirement crisis in the history of the world…Ted Siedle interviewed by Adam Taggart on Peak Prosperity“We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history of the world.Just focusing on the United States: our elderly are woefully unprepared to retire. And in the decades to come we will witness millions o...

Silver is arguably more impressive than gold right now...by Captain Ewave of CaptainEwaveCaptain Ewave“Gold, Stk Mkt, & Oil: Weekly Chart Waves”Email: [email protected]Website: www.captainewave.comS&P500:Within wave -iii-, we completed wave .iii. at the 3588.11 high, and all of wave .iv. as a failure at 3233.94.Our current high for wave .v is 3545.99, which is a bit short of our projected endpoint for all of wave -iii- which is:-iii- = 1.618-i- = 3710.44.We are thinking that all of wave ...

What happens if Americans start acting as if there were no pandemic? Then, the pandemic is at a de facto end, even if “experts” insist that it…by Ryan McMaken of Mises InstituteIn Colorado, reported cases and hospitalizations of covid-19 patients are at higher levels than ever before. And yet politicians are worried that if they issue new stay-at-home orders, the public won’t obey them. For instance the Denver Post last week reported Colorado Democrats admitted the public isn’t listening very cl...

Again we see the revolving door between Wall Street and Washington, only this time, Janet “Not-Another-Financial-Crisis-In-My-Lifetime” Yellen…(by Half Dollar) Ahh, how sweet.Let’s all just put a nice, little old lady face on the Poster Boy, or Poster Gal, or Poster Whatever, of Biden’s pick for Treasury Secretary.Because apparently Janet Yellen, the Terrorist Leader Fed Chair before Jerome Powell, is Biden’s pic for the Prestigious Position.From The Wall Street Journal just today (bold added fo...

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 r...

With only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their…by Bix Weir of Road to RootaWith only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their 260M oz Short Position! How many contacts can they cover before Wednesday?! It’s HODL time my silver lovers!!

The surge is worst now in places where leaders neglected to keep up forceful virus containment efforts or failed to implement measures like mask…by Eric Zuesse via Strategic Culture FoundationAccording to an analysis by and in the New York Times on November 18th, which is headlined “States That Imposed Few Restrictions Now Have the Worst Outbreaks”, “Coronavirus cases are rising in almost every U.S. state. But the surge is worst now in places where leaders neglected to keep up forceful virus con...

This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world, and, that’s not all… by Steve St Angelo of SRSrocco ReportWhen it comes to silver, Americans are leading the world in hedging their bets in the shiny metal.  This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world.  And, that’s not all.  If we also consider total Silver ETF demand, the U.S....