How many “anonymous sources” were used in this circle jerk? At least five. Here are the details… Last week we reported that it was reported by Reuters using anonymous sources that China was restricting its gold imports (bold added for emphasis): China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. Th...

Is your network connection unstable or browser outdated? Original linkOriginal author: Sprott Money

NPV for Sprott  1. Sprott silver fund (PSLV): NAV RISES TO -0.50% ((AUGUST 16/2019)2. Sprott gold fund (PHYS): premium to NAV RISES TO -1.04% to NAV (AUGUST 16/2019 )Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/ -/50% (courtesy Sprott/GATA) 3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA): NAV 14.79 TRADING 14.28/DISCOUNT 3.45       END And now the Gold inventory at the GLD/ AUGUST 21/WITH GOLD DOWN $.30 TODAY:A BIG CHANGE ...

11:35a ET Thursday, August 22 2019 Dear Friend of GATA and Gold: Dave Kranzler of Investment Research Dynamics in Denver discloses today that Switzerland's unusual export of 90 tonnes of gold to London in July must have involved a lot more than acquisitions by gold exchange-traded funds, the explanation offered by Bloomberg News. (See http://www.gata.org/node/19371) Kranzler writes: "But fact-checking shows that the number of tonnes of gold in GLD, by far the largest gold ETF, increased by only ...

By Peter Hobson and Yawen ChenReutersThursday, August 22, 2019 China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the country since May. China's central bank had for several months curtailed or not granted import quotas to commercial banks responsible for most of the gold that enters the country, Reuters reported last week. ... Di...

Is this month’s “all new tenders for export oil products supplies will have the euro as the payment currency” a game changer?  There has been talk of de-dollarization for some time, but de-dollarization is now picking-up speed by the month. Earlier this month of August, 2019, buyers were notified about switching from dollars to euros for payment of Rosneft oil contracts. From Reuters: MOSCOW (Reuters) – Russia’s Rosneft (ROSN.MM), one of the world’s top oil producers and exporters, has notified ...

By Eva SzalayFinancial Times, LondonThursday, August 22, 2019 Top Chinese bankers in London are warning of the drama that would follow any U.S. attempt to weaken the dollar by intervening in renminbi markets -- a move that would be seen by Beijing as a "political act." The risks of such action have heightened since June, said analysts, after U.S. President Donald Trump repeatedly took aim at China and Europe for "playing currency games" as trade wars threatened to spill over into foreign exchang...

Indians Pawning the Family Gold Amid Credit Crunch By Rajendra Jadhav and Nupur AnandReutersThursday, August 22, 2019 Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices -- he pawned his wife's gold jewelry. Mandlik, who owns an 8-acre cotton farm in western India, pledged 70 grams of gold, almost all his wife's precious trinkets, in June in return for 150,000 rupees ($...

If the globalists do crash the economy, will President Trump be able to explain what’s really going on to the public? Alex Newman interviewed by Greg Hunter on USA Watchdog Journalist Alex Newman’s biggest fear is the New World Order tanking the global economy to try to tarnish Donald Trump before the 2020 Presidential Election. Newman says, “We may see the globalists try to crash the economy, whether that be pulling the rug out from under the stock market or whether that be trying to crash the ...

... And its custodian, HSBC, will be glad to short, swap, and rehypothecate it to prevent them from profiting from it. * * * By Ranjeetha PakiamBloomberg NewsThursday, August 22, 2019 Gold is faring extremely well as a haven asset, with inflows into exchange-traded funds hitting 1,000 tons since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis. Total known ETF holdings expanded to 2,424.9 tons on Wednesday, the highest since 2013, following infl...

It’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective… by Simon Black of Sovereign Man From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective. The last few weeks has been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take a step back together: 1) $50 billion to “elevate your consc...

It’s just a matter of time before we go back to $1900 gold and above… Frank Holmes via Palisade Radio Frank says gold is definitely in an uptrend and discusses how the global PMI manufacturing index peaked last year. The PMI index has a pretty good correlation with economic activity, commodities, and energy. The trade war has exacerbated the decline in the PMI. Thirty percent of all government bonds around the world are going negative. We are due for a recession and governments are merely trying...

The “War on Cash” remained largely under the radar for years with few having noticed this assault on physical currency by governments around the world… by Michael Hoffman via Mises The “War on Cash” which remained largely under the radar for years with few having noticed this assault on physical currency by governments around the world, other than the libertarian movement. This is no conspiracy theory, it has already occurred to a small extent. Some prominent economists, including Rogoff and for...

How is this possible? Trouble across the globe, nothing to see here, meanwhile this is imploding… Best Laid Plans…August 22 (King World News) – Holger Zschaepitz:  “Germany’s historic 30y auction failed. Sold 30y bond at record-low yield of -0.11% but demand of €0.869 billion way below €2 billion target. (See below). This May Be Tougher Than We Thought: Germany’s 30-Year Auction Failed Now That’s High UnemploymentJeroen Blokland:  “South Africa’s unemployment rate has risen to 29%, the highest ...

Central banks have limited firepower left in their monetary armory, and fiscal policy is constrained by still-high debt levels… from Zero Hedge Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns. Source: Bloomberg “We’re a lot more defensive,” warned PIMCO’s Daniel Ivascyn, group CIO at the massive bond manager, noting that after the best year-to-date performance s...

The US Dollar is a dead duck, emerging economic superpowers don’t trust the US or each other, gold will play a major role going forward… Dunagun Kaiser of Reluctant Preppers interviews Doug Casey The US Dollar is a dead duck, emerging economic superpowers don’t trust the US or each other, gold will play a major role going forward, and the financial collapse of 2007-2009 was the start of the REAL Great Depression, which is just getting started, according to Doug Casey. Best-selling author, world-...

Could key statements from these power brokers trigger a significant reaction in gold? by Stewart Thomson via Graceland Updates More powerful money managers are stepping forward to recommend gold in a negative real rates environment. Please click here now. The focus of these elite money managers and analysts is mainly on bullion. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indicate that the rally is only in the ear...

Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good… by David Haggith via The Great Recession Blog First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised down, as is usually the case. Every administration...

The Trump Administration wants to be able to intercept phone calls and text messages as well as snoop into business records… by Ron Paul via Ron Paul Liberty Report Departing Director of National Intelligence Dan Coats sent Congress a letter requesting that several features of the misnamed USA FREEDOM Act be made permanent, allowing the US government to spy in Americans in perpetuity. The Trump Administration wants to be able to intercept phone calls and text messages as well as snoop into busin...

Talk about a synchronized world – all three economic superpowers are in a recession! Will the gold market warm up to this news? by Arkadiusz Sieron of Sunshine Profits Talk of a synchronized world – all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these news? Recent U.S. Data Shows Industrial Recession The recent inversion of the yield...