Submitted by cpowell on Sat, 2020-02-15 01:55. Section:By Elena Fabrichnaya and Polina DevittReutersFriday, February 14, 2020MOSCOW -- Russia's central bank has maintained the discount at which it buys gold for its reserves at December's peak level, it told Reuters today, potentially prompting more local producers and bankers to export the metal.The central bank remains the largest buyer of gold produced in Russia, but since May it has been buying at a discount to the previously used London benc...

Submitted by cpowell on Sat, 2020-02-15 01:42. Section:8:40p ET Friday, February 14, 2020Dear Friend of GATA and Gold:Silver market analyst Ted Butler today speculates on the possible outcomes of the U.S. Justice Department's investigation of JPMorganChase's manipulation of the gold and silver markets, an investigation unfortunately limited so far to futures market "spoofing."Butler suggests that a good penalty might be to ban the investment bank from futures trading in the metals.... Dispatch c...

Cruise ship operators across the world, especially in Asia, are experiencing a crisis with few precedents…from Zero HedgeCruise ship operators across the world, especially in Asia, are experiencing a crisis with few precedents.The Covid-19 outbreak that started in China has spread across the region, and around the world – it’s currently confirmed to be present in nearly 30 countries and territories.For cruise lines, the outbreak has been one public relations disaster after another, with passenge...

The push for Cryptocurrency and Central Bank Digital Currency adoption will succeed because it has too…by Mike Manwell of Rethinking the DollarA new Digitized Monetary System is here. Bitcoin was created to excite the masses to accept a digital future. The push for Cryptocurrency and Central Bank Digital Currency adoption will succeed because it has too. The transformation into a more convenient, faster, and user friendly method to exchange funds plays right into the Central Bankers hands.  

Podcast: Play in new window | DownloadCentral Banks and Governments are trapped…John Rubino of Dollar Collapse interviewed by Mike Manwell of Silver DoctorsAll ASSET BUBBLES MUST BURST… Today’s guest, John Rubino, shares his thoughts on why this current bubble economy has lasted so long. During our chat he elaborates on how Central Banks and Governments are trapped into experimenting with more ways to keep the economy afloat. Unfortunately, the music has to stop at some point and the only people...

While Americans continue to enjoy the convenience provided by the just-in-time inventory supply-chain Leech and Spend Suburban Economy, the rate we are consuming the high-quality conventional oil reserves should scare the hell out of people.  But, it doesn’t.  Why?  Because, virtually no one sees it or has a clue.  Unfortunately, 99.5+% of Americans believe in “Energy Magic” or the Energy Tooth Fairy.Day in and day, the American population has approximately 60 billion energy slaves working for t...

With global worries over the spread of the Coronavirus accelerating, today Alasdair Macleod said the gold market is aggressively bullish.Within hours KWN will be releasing an audio interview. Until then…Gold & Silver Ready To MoveFebruary 14 (King World News) – Alasdair Macleod:  “Gold and silver moved sideways over the week with little change. In morning trade in Europe gold traded at $1576, up $5 from last Friday’s close, and silver at $17.70, unchanged on the week. In gold futures, turnov...

SD Friday Wrap: It may not be too late, but one thing is certain – there may not be any time left to prepare…Editor’s Note: Please note that we are still behind on our emails. Thanks for your patience and understanding.*****The Mainstream Media really does not want the alternative-media talking about the coronavirus.It’s getting pretty ridiculous.Just check out our last several videos on YouTube:They’re coming hard and heavy with the censorship, demonetizations, shadow banning and more.Their lat...

The WHO has announced a confirmed case in Egypt, but there’s something odd about the details…(Silver Doctors Editors) First and foremost, the details are lacking.Translated on Twitter via Google:Today confirmed@WHOThe appearance of the first cases of the new corona virus in Egypt after the confirmation of the Egyptian Ministry of Health and Population. The case was transferred as a foreign person to the hospital for isolation, follow-up and health check, as the case carries the virus and does no...

When the stampede tumbles off the cliff, buyers vanish and markets go bidless…by Charles Hugh Smith via Of Two MindsThe shock wave unleashed in China on January 23 is about to hit the U.S. economy and shatter everything that is fragile and fantasy, starting with the U.S. stock market. The shock wave is still reverberating through the vulnerable Chinese economy, toppling all that is fragile: auto sales, sales of empty flats in Ghost Cities, shadow banking loans that cannot be paid, workers’ wages...

What’s most needed is serious prison time for a few bankers.Five months ago I wrote that I had been very closely following the case of John Edmonds, the JPMorgan banker accused of manipulating gold prices lower with spoofing. Edmonds was scheduled to be sentenced for his crimes at the end of 2018, but before his sentencing he started squealing, so the judge delayed sentencing until “no later” than May 8, 2018.That day came and went as well without any sentencing, and it was announced that Edmond...

Submitted by cpowell on Fri, 2020-02-14 18:00. Section:1p ET Friday, February 14, 2020Dear Friend of GATA and Gold:As monetary metals prices have been reviving and government currencies seem to be welcoming an age of infinite money, our friend Thom Calandra's financial letter, The Calandra Report, can claim solid returns for its recent mining stock recommendations, including EMX, GZZ, AZM, IRV, and AMEX. In pursuit of more good leads and to update his past recommendations, Thom will be attending...

Here is a look at a gold bull breakout, another all-time high, plus fiat troubles.Within hours KWN will be releasing an audio interview. Until then…Good For GoldFebruary 14 (King World News) – Alasdair Macleod:  “Noticed a 17,792 jump in Comex gold open interest yesterday, suggesting decent futures buying. Furthermore, option interest the highest for months, with 16k Oct calls and 8k MAR21 calls taken out. Technically looking very positive.”Gold Bull Breakout?Graddhy out of Sweden:  “I like that...

Submitted by cpowell on Fri, 2020-02-14 17:35. Section:From GoldCore.com, Dublin, IrelandFriday, February 14, 2020Gold prices surged to new record highs in euros today at E1,456 per ounce as the single currency came under selling pressure.The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a slowing global economy on risk assets.Gold prices are up more than 7% in euro terms so far in 2020, building on th...

Submitted by cpowell on Fri, 2020-02-14 17:30. Section:SNB Negative Rates Are Vital, Swiss Government Tells PoliticiansBy Catherine BosleyBloomberg NewsFriday, February 14, 2020The Swiss National Bank's negative interest rates are essential and a premature tightening would hurt the economy, according to the government.n a closed-door meeting with leading politicians, representatives of Switzerland's executive explained why subzero rates are important "despite unwanted side effects." The formal V...

It looks like Mexico is set to see an explosion in Covid-19 cases and the US military is actively planning for a pandemic in the United States. This is all happening as the global economy collapses due to the emerging coronavirus pandemic. The time to prepare is running out…Mike & Half Dollar are your hosts for Silver Doctors Live.We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST.Watch the show live, or the replay of it, in its entirety below!Link to the Silver Do...

The world is now facing the greatest crisis in history, and much less than 0.5% of people are prepared for this…by Egon von Greyerz of Gold SwitzerlandThere are no safe assets. In 2002 we recommended our investors to hold up to 50% of their financial assets in physical gold. Today in 2020, I consider that up to 100% is the right figure since there are no safe assets except for physical precious metals.We are now at the end of the only truly global asset bubble in history, fuelled by a debt explo...

Eric Sprott discusses the effect of the worsening pandemic on the global economy and the impact this will have on precious metal prices.Original linkOriginal author: Sprott Money

The coming decade will be especially grim for the super-rich, whose wealth creation will implode. Here’s why…by John Rubino via Dollar CollapsePoetic Justice Coming For The 1%To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises:1) Capitalist democracy — defined as free individuals managing their own property and periodically electing new leaders — is the only system of social organization that’s consistent with human nature and...

Dr. Li is now dead after contracting coronavirus himself…by Ethan Huff via Natural News(Natural News) Earlier in the month, we reported on Dr. Li Wenliang, a doctor at Wuhan City Central Hospital who was punished by communist Chinese authorities for warning his colleagues back in December about the impending doom of novel coronavirus. Well, Dr. Li is now dead after contracting coronavirus himself, and about 30 percent of the staff at the hospital where he once worked are now infected as well.For...