The silver market is being squeezed at a time when there are no large quantities of physical silver available. No One Is Selling Any SilverApril 1 (King World News) – Alasdair Macleod, head of research at Goldmoney:  Silver is not overbought because it’s a bear squeeze. This is the whole point. This is not a situation where everyone has gone long on a rising price and thinks it’s going to the moon. No, it’s a bear squeeze. So any consolidation (during the surge) is likely to be quite brief. Basi...

Posted by SRSrocco in Economy, Energy, Silver Members, Videos on March 31, 2023 — Comments Off on PEAK U.S. FUEL CONSUMPTION? Has The U.S. Already Peaked In Fuel Consumption & One MUST SEE Chart Has the U.S. Peaked in Fuel Consumption?  If so, that signifies the Peak of the U.S. Empire & Economy.  Also, there is a Must-See chart that shows the negative impact oil prices have on Americans’ demand for driving and flying.  And, with rising energy prices in the future, this doesn’t bode well...

7:54p ET Friday, March 31, 2023 Dear Friend of GATA and Gold: GoldSeek Radio's Chris Waltzek today talks with GATA Chairman Bill Murphy about increasing signs of strength in gold and silver prices. Murphy says as much as $300 trillion in investment money soon may be pursuing monetary metals now valued at only $10 trillion. The interview is 12 minutes long and can be heard at GoldSeek here: https://goldseek.com/article/goldseek-nugget-bill-murphy-300-trillion-global-money-will-soon-be-chasing-10-...

The last time this happened gold skyrocketed, plus look at the everything bubble deflating. Gold Set Up To Soar Once AgainMarch 31 (King World News) – King World News note: Just look at the chart below if you are wondering where the price of gold is headed. Last Time We Had Bank Bailouts (BLACK LINE) The Price Of Gold (GOLD LINE) Skyrocketed From $700 To $1,900! Deflating the credit bubbleAlasdair Macleod, head of research at Goldmoney:  The theme of this article is debt deflation. How likely is...

published on 2023-03-31T17:58:03Z March has been quite an eventful month. In mid-March, we saw the banking crisis begin, which started with SVB becoming insolvent, causing the Fed to pivot from their original plan of raising interest rates to cool down the economy. Since these rate hikes put pressure on banks, like SVB, the Fed now must decide to either cut rates to stop the bleeding or continue. In the last FOMC meeting, the Fed increased rates by 25 basis points, instead of the 50 basis points...

By Alasdair MacleodGoldMoney, TorontoFriday, March 31, 2023 The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? And what are the consequences? The major central banks have increasingly resorted to interest rate management as their principal means of demand management. Yet history shows little correlation between managed interest rates and the growth of credit, which is represented by broad money statistics.  ... Dis...

The bear squeeze in the silver market continues with the price of silver solidly above $24 and gold trading near $2,000. Silver Squeeze ContinuesMarch 31 (King World News) – Alasdair Macleod:  This week, gold continued to consolidate, while silver moved ahead. This morning, gold was at $1979, up $2 since last Friday’s close, while silver at $23.85 was up 66 cents, for a two week gain of $1.33. Admittedly, silver has not yet recovered the levels in January, unlike gold. Much of this is down to si...

There is a major money supply shocker taking place, plus silver is on the cusp of a huge upside breakout. Major Economic Contraction UnderwayMarch 30 (King World News) – Thorsten Polleit:  Minus 7.9% y/y … HOUSTON, WE HAVE A PROBLEM:M2 Money Supply Just Hit -7.9! SilverGraddhy out of Sweden:  US dollar looks very weak and precious metals are responding by looking very bullish. Silver is now right at vital $24-ish bull flag level which is big level on weekly. SILVER: A Solid Advance Above $24 Wou...

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By Gillian TettFinancial Times, LondonThursday, March 30, 2023 https://www.ft.com/content/f8f3b2cd-6690-4f26-b81e-e972751c8799 This month, Russia and China are sparking new jitters in Washington. That is primarily because of their stage-managed displays of diplomatic unity, around Ukraine and much else.  But it is also down to money: During a visit by Xi Jinping to Moscow last week, Vladimir Putin pledged to adopt the renminbi for "payments between Russia and countries of Asia, Africa, and Latin...

By Jamie McGeeverReutersThursday, March 30, 2023 U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets. Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors sit up and take notice -- growth, asset prices and inflation could all weaken. ... Dispatch continues below ... ... ADVERTISEMENT ... First Majestic Mines Silver and Gold in U.S. and Mexico, Operate...

Look at what consumers are doing as access to credit will only get more expensive from here. Plus a look at global markets and a surprising bull market. A Sigh Of ReliefMarch 30 (King World News) – Art Cashin, Head of Floor Operations at UBS:  As I just told Carl Quintanilla and Sara Eisen on Squawk on the Street, I think this may be a sigh of relief rally after last Friday’s brush with near collapse. The seasonality is a little bit upside down.  April is one of the very best months for the bull...

By Francesco CanepaReutersThursday, March 30, 2023 FRANKFURT, Germany -- German savers are getting cold feet about deposits held abroad despite juicier interest rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters shows. German households, who have Europe's deepest pockets with 2 trillion euros held in cash, had been seeking higher returns on their cash by opening deposits online at small banks in weaker economies such as Lithuania,...

12:10p ET Thursday, March 30, 2023 Dear Friend of GATA and Gold: Pam and Russ Martens of Wall Street on Parade report today that four of the biggest banks in the United States -- JPMorganChase, Bank of America, Wells Fargo, and Citibank -- collectively hold more than $3 trillion in uninsured deposits.  Good thing the U.S. banking system is sound -- and that the U.S. government itself is too.  The Martenses' report is headlined "Congress Sweats the Small Stuff as Four Wall Street Mega Banks Have ...

From Agence France-Pressvia Barron's, New YorkWednesday, March 29, 2023 https://www.barrons.com/news/china-brazil-strike-deal-to-ditch-dollar-for-trade-8ed4e799 China and Brazil have reached a deal to trade in their own currencies, ditching the U.S. dollar as an intermediary, the Brazilian government said today, Beijing's latest salvo against the almighty greenback. The deal will enable China, the top rival to U.S. economic hegemony, and Brazil, the biggest economy in Latin America, to conduct t...

On the heels of the Dow rallying more than 300 points, don’t let the stock market rally fool you, the “new normal” is New World Disorder. March 29 (King World News) – Gerald Celente:  One of our Top Trends for 2020 was New World Disorder. Long forgotten are the facts that back in 2019 people across the globe were taking to the streets in protest of government corruption, crime, violence, and the decline and/or lack of basic living standards. But then, in celebration of their Lunar New Year, Janu...

By Julia HorowitzCNN, New YorkWednesday, March 29, 2023 LONDON -- The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about the global banking sector threaten to unleash fresh market turmoil. The central bank said today that UK banks had enough financial resources to avoid shocks but the pensions regulator needed to move "as soon as possible" to increase the resilience of liability-driven investment funds. ... Dispatch continue...

Europeans are putting money into gold but apparently some gold bulls are being left behind. Some Gold Bulls Left BehindMarch 29 (King World News) – Graddhy out of Sweden:  For many months now we have seen bears, and pm bulls, calling a big top in gold & silver. And, most missed the lows & many have bailed to “get in lower”. The Gold Bull Has Shaken Off Some Riders And Is Heading Higher Without Them Silver Outperforming GoldGraddhy out of Sweden:  The ratio SILJ vs GDX had a break out fro...

By Campbell MacDiarmidThe Telegraph, LondonWednesday, March 29, 2023 Saudi Arabia is joining an anti-Western influence bloc formed by Russia and China, in a sign of Riyadh's deepening ties with Beijing as the U.S. pivots away from the Middle East.  The kingdom's cabinet approved a plan to join the Shanghai Cooperation Organisation as a "dialogue partner," a precursor to being granted full membership, state news agency SPA announced today. ... Dispatch continues below ... ... ADVERTISEMENT ... Fi...

By Liz McCormick, Ben Holland and Edward HarrisonBloomberg NewsWednesday, March 29, 2023 Look deeper into the latest U.S. banking crisis and the cause may come as a surprise to anyone still thinking in terms of the crash of 2008.  It wasn't dodgy loans to impecunious homebuyers that sank Silicon Valley Bank. It was a stash of what are thought to be the safest securities on Earth: U.S. Treasuries. ... Dispatch continues below ... ... ADVERTISEMENT ... First Majestic Mines Silver and Gold in U.S. ...