Gold as Inflationary Hedge Makes Turkey World's Biggest Buyer ByKerim Karakaya and Beril AkmanBloomberg NewsTuesday, January 31, 2023 Turkey was the biggest buyer of gold among central banks last year, with households also rushing to buy the commodity to shield from geopolitical uncertainty and rampant inflation. The central bank's gold reserves were at the highest level on record, the World Gold Council said in a report today. The official figure was 542 tonnes, up by 148 tonnes.  ... Dispatch ...

10a ET Wednesday, February 1, 2023 Dear Friend of GATA and Gold: USAGold's "News & Views" letter for February is published today and among its many short and sweet observations, maybe the most important one is that gold is returning as an international feserve currency, making it a compelling option for ordinary investors. The February edition of "News & Views" is posted at USAGold here: https://www.usagold.com/nv1050feb2023/ CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Commit...

Things are tough all over but a shocking 28% of Canadian women are “completely out of money.” 28% Of Canadian Women Are Completely Out Of MoneyFebruary 1 (King World News) – Gerald Celente:  Thanks to the combination of inflation and sharply higher interest rates, 22 percent of Canadians—and 28 percent of women—are “completely out of money,” an Ipsos poll commissioned by Canada’s Global News has found. Those respondents said if prices rise again for basic household necessities, they would not be...

By Patrick WhiteAssociated PressTuesday, January 31, 2023 JUNEAU, Alaska -- The U.S. Environmental Protection Agency took an unusually strong step today and blocked a proposed mine heralded by backers as the most significant undeveloped copper and gold resource in the world. The EPA cited concerns about the project's environmental impact on a rich Alaska aquatic ecosystem that supports the world's largest sockeye salmon fishery. ... Dispatch continues below ... ... ADVERTISEMENT ... Dolly Varden...

Here is the setup with the Dow at 34,000 and Nasdaq over 11,500. A sudden surge in wants over needsJanuary 31 (King World News) – Jason Goepfert at SentimenTrader:  A sudden surge in wants over needs. Key points: Over the past month, Discretionary stocks have surged relative to StaplesThe quick about-face comes after a prolonged and severe decline in the ratio between the twoWhen investors have suddenly switched back to “wants” from “needs,” it tended to precede gains Investors have suddenly swi...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2023-01-31T21:37:30Z As 2022 ended, mining stocks wound up outperforming the S&P, and gold and silver were both up on the year. How are things shaping up for the new year ahead? Host Craig Hemke sits down with Bob Thompson of Raymond James in Vancouver to break down all the gold and silver news you need as we close out the first month of 2023. You can check out all our bullion product...

By Robert LambourneTuesday, January 31, 2023 Based on its December statement of account, published today -- https://www.bis.org/banking/balsheet/statofacc221231.pdf -- the Bank for International Settlements, the central bank of the central banks and their gold broker, appears to have closed its gold swap business as of the end of the year. It has been a rather wild ride for the bank's gold swap business since October, as the estimate for that month showed only 7 tonnes of gold swaps outstanding,...

By Craig HemkeSprott Money, TorontoTuesday, January 31, 2023 While there will be all sorts of economic and geopolitical headlines in the days ahead, two events that will drive precious metals stand out. The first will be the conclusion of the January Federal Open Market Committee meeting on Wednesday. The second will be the release of the January U.S. jobs report on Friday.  If Comex gold and silver can successfully navigate both, the possibility of a February rally will grow. ... Dispatch conti...

Germans bought an all-time record amount of gold. Central bank buying 2nd highest level in history. “Germans Ultra-Bullish On Gold”January 31 (King World News) – Holger Zschaepitz:  Good Morning from Germany, where retail investors are ultra-bullish on gold. Annual bar & coin investment jumped 13.1% in 2022 to a fresh all-time high of 196 tonnes, aided by the highest inflation in 70yrs. Germans Buy Record Amount Of Gold Central Bank Gold Buying Spree ContinuesKrishan Gopaul:  Central bank go...

By Harry DempseyFinancial Times, LondonTuesday, January 31, 2023 Demand for gold surged to its highest in more than a decade in 2022, fuelled by "colossal" central bank purchases that underscored the safe haven asset's appeal during times of geopolitical upheaval. Annual gold demand increased 18% last year to 4,741 tonnes, the largest amount since 2011, driven by a 55-year high in central bank purchases, according to the World Gold Council, an industry-backed group. ... Dispatch continues below ...

By Jennifer A. DlouhyBloomberg NewsMonday, January 30, 2023 The Biden administration is set to ban the dumping of mining waste near Bristol Bay, Alaska, by issuing a decree that thwarts longstanding plans to extract gold, copper, and molybdenum because of potential harm to the region's thriving sockeye salmon industry. The Environmental Protection Agency's final determination, expected soon, would effectively block the mine planned by Pebble Limited Partnership as well as future mining of the sa...

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 ...

Here is a look at the Great Gold Breakout and Monetary Fantasyland. The Great Gold BreakoutJanuary 30 (King World News) – Graddhy out of Sweden:  Gold has broken out vs SPX on a 3 year chart. Here it is very close to a 14 year pattern historical break out. And check that sync => gold setting up for massive break out just as SPX is backtesting vs PPI. A global paradigm shift is in the making. GLOBAL PARADIGM SHIFT:Major Gold Break Out vs S&P 500Gold Near Blastoff As Bear Market Ready To Gr...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2023-01-30T16:58:49Z Host, Craig Hemke sits down with President and CEO at Erdene Resource Development Corp, Peter Akerley to discuss the current mining sector and Mongolia. GenreNews & PoliticsLicense: all-rights-reserved Popular searches Original linkOriginal author: Sprott Money

With gold and silver continuing to digest their bullish moves, this is about to drive the next earthquake in global markets as well as gold and silver. The World Will Be Impacted By The Next MoveJanuary 30 (King World News) – James Turk:  The big question this week, Eric, is what’s going to happen to the US dollar. It’s been hanging over the edge of the cliff for several days, but not yet toppled over. So will it regain its balance and start climbing higher? Or will it finally succumb to the sel...

Posted by SRSrocco in Precious Metals, Silver Members on January 29, 2023 — Comments Off on PRECIOUS METALS COMMUNITY, NOT WHAT IT APPEARS TO BE: Troubling Things Taking Place Behind The Scenes Every once in a while, you have to stand up and do what you believe is right.  This is one of those very times.  While I may get some negative criticism on this, it is quite frustrating to see what is taking place in our very own Precious Metals Community.  So, I say… Let the Chips Fall As They May… This ...

In the aftermath of Putin’s move to bring gold back into the monetary system in Asia, the Russian chess master has left the US with only horrific options. Bonds Die, CPI’s Lie & Gold RisesJanuary 29 (King World News) – Matthew Piepenburg, Partner at Matterhorn Asset Management:  Below we look at Gold’s rise in a backdrop of more bond destruction in the public markets and more truth destruction in the war on inflation. No Recession Yet?As I argued in 2022, the much-debated and pending recessi...

Russian President, Vladimir Putin, is close to finalizing Asian trade settlement in gold. This move will cause enormous chaos for the West and will also rock world markets as gold is brought back into the monetary system by the great chess master, Putin. January 29 (King World News) – Eric King:  “Alasdair, talk about the physical gold market and also what’s happening with Russia.” Putin’s Move To Bring Gold Back Into The Monetary SystemAlasdair Macleod:  “The physical market is very, very tight...

9p ET Friday, January 27, 2023 Dear Friend of GATA and Gold: Silver and other commodities, London metals trader Andrew Maguire tells this week's "Live from the Vault" program at Kinesis Money, increasingly will be priced in gold grams in Russia as that country and China weaponize the monetary metal to offset the weaponization of the U.S. dollar. The program is 43 minutes long and can be viewed at YouTube here: https://www.youtube.com/watch?v=hvM3rh2PQf4 CHRIS POWELL, Secretary/TreasurerGold Anti...

The physical gold market is extremely tight and it looks like the LBMA may pressure the gold ETF GLD to make physical gold available. Central banks piling on the pressureJanuary 27 (King World News) – Alasdair Macleod:  This week, gold and silver further consolidated their gains since last September, with gold showing a continuing upward bias. Silver is tracking sideways, as our headline chart shows. In European trade this morning, gold was $1928, up only $3, while silver was $23.70, down 20 cen...