There is a wild card for the gold market as we head into 2023. December 23 (King World News) – Alasdair Macleod, head of research at Goldmoney:  As foreshadowed in last week’s market update, year-end factors now dominate precious metals trading. In quiet holiday conditions, gold was barely changed in European trading this morning at $1797, up $4 from last Friday’s close. Silver was $23.75, up 53 cents.  Comex Open Interest in gold has risen from the exceptionally low level of 422,100 contracts o...

The gag reflex kicks in at some point and we walk away because it is no longer worth the price…  by Charles Hugh Smith via Of Two Minds The gag reflex kicks in at some point and we walk away because it is no longer worth the price. Everyone has a line in the sand when it comes to inflated prices they refuse to pay. For one Walmart shopper I observed, it was a carton of eggs for close to $10. She announced her line in the sand verbally, with great force and sincerity. What’s your line in the sand...

Precious metals have had a decent rally in the past couple of months, but that rally should not to be trusted… by Chris Vermeulen of The Technical Traders In the past two weeks, stocks have struggled to break through resistance and extend the holiday rally. I wrote about it in the post Stock Indexes Rejected At Resistance Signal Another Correction. But what is a more bearish sign is seeing commodity prices starting to fall. There are a couple of reasons this is a warning signal for traders and i...

As we head into 2023, people need to buckle up for the most severe economic downturn in history. Red AlertDecember 23 (King World News) – Otavio Costa:  The percentage of inversions in the US Treasury curve just shot up to 91%! This is now worse than the global financial crisis.  Steep recession likely ahead. Something Is About To Go Terribly Wrong With The Financial System And The Bust Will HorrificPeter Schiff:  The U.S. will not experience a mild recession. Busts are proportionate to the boom...

This is very imminent, and it is abundantly clear that… by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the announcement by the Federal Reserve that the CBDC (Central Bank Digital Currency) for the dollar will be put into action in 2023, somewhere between January and July.We are talking about a move that is actually very imminent and has been the subject of our warnings for many years as this is easily the number one way to extinguish freedom.As we see countries around th...

While many market participants are concerned about rate increases, they appear to be ignoring the largest risk… by Daniel Lacalle via Mises While many market participants are concerned about rate increases, they appear to be ignoring the largest risk: the potential for a massive liquidity drain in 2023. Even though December is here, central banks’ balance sheets have hardly, if at all, decreased. Rather than real sales, a weaker currency and the price of the accumulated bonds account for the maj...

As we head into 2023, Bretton Woods III is now upon us. Inflation, recession, and declining US hegemonyDecember 22 (King World News) – Alasdair Macleod:  In the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The forty-year trend of declining interest rates has ended, replaced by a new rising trend the full con...

By Alasdair MacleodGoldMoney, TorontoThursday, December 22, 2022 In the distant future we might look back on 2022 and 2023 as pivotal years.  So far we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The 40-year trend of declining interest rates has ended, replaced by a new rising trend, the full consequences and duration of which are as yet unknown. ... Dispatch continues below ... ... ADV...

By Peter HobsonReutersWednesday, December 21, 2022 LONDON -- Hidden inside high-security bank vaults in London, Zurich, and New York, billions of dollars' worth of gold of Russian origin has quietly changed hands in recent months in response to Moscow's invasion of Ukraine. Data from 11 Western investment funds show that Russian bullion worth a total of $2.2 billion at current prices was removed from their accounts between July and November. Funds storing gold have shrunk in recent months as ris...

Didn't the world once use some kind of metal with monetary properties? Is that still around? * * * By Michelle Jamrisko and Ruth CarsonBloomberg Newsvia Yahoo News, Sunnyvale, CaliforniaWednesday, December 21, 2022 King Dollar is facing a revolt.  Tired of a too-strong and newly weaponized greenback, some of the world’s biggest economies are exploring ways to circumvent the US currency.  Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. And corpor...

What’s needed is oil shooting above $130, gold roaring above $2,200, and the… by Stewart Thomson of Graceland Updates 1.   The 2021-2025 war cycle requires investors to focus their attention on the US dollar and gold. 2.   Please click here now. Double-click to enlarge this disturbing USDX chart. The chart looks terrible… and the fundamentals look worse. 3.   The dollar initially rallied on the “great news” that Joe Biden was ruining millions of innocent citizens of Europe with his deranged sanc...

8:59p ET Wednesday, December 21, 2022 Dear Friend of GATA and Gold (and Silver): In his year-end interview with the TF Metals Reort's Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott says he is most enthusiastic about silver and that central bank suppression of gold and silver prices can't last much longer under the pressure of rising demand for real metal. Sprott repeatedly cites the work of GATA and silver market rigging opponent and market letter writer Ted Butler of Butler Resea...

“…economic collapse is inevitable…” by Chris Martenson of Peak Prosperity The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts FULL SHOW NOTES AND LINKS HERE

It’s about to get wild, something big is definitely is in the works. Something Big Is In The WorksDecember 21 (King World News) – Simon Mikhailovich:  Feels like something big in the works. All these “in person” consultations can’t be coincidental: * Putin & top ministers visited Belarus  * Medvedev visited Xi w/Putin’s “personal message” * Putin attending Defence Ministry’s board meeting * Zelensky visiting DC Something is up… Look At Who Is A Big Investor In This Soon-To-Be Self Funding Go...

“the risk is that everything but the dollar heads lower and the DXY goes higher over the next couple of days, and if not”… by David Brady via Sprott Money We had the last FOMC meeting today, and the Fed raised rates another 50bp to 4.25-4.50%. This was already priced and was therefore a non-event. The accompanying statement was a surprise given the degree of hawkishness. It basically stated that rate hikes would need to continue to bring down still-elevated inflation, caused by a more robust lab...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2022-12-21T16:04:57Z It’s been a year of good news and bad news: the bottom dropped out of the mining shares, but gold is even on the year while silver is up. Will this surprising trend continue into the new year? Host Craig Hemke sits down with special guest Eric Sprott to break down the biggest gold and silver news of 2022. You can submit your questions to submissions@sprottmoney.com Vi...

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on 2022-12-21T15:48:01Z CEO of MacroMavens, joins us and answers your questions regarding the precious metals markets. Have questions for us? Send them to submissions@sprottmoney.com or simply leave a comment here. GenreNews & PoliticsLicense: all-rights-reserved Popular searches Original linkOriginal author: Sprott Money

The silver market just had a major breakout busting above a decade long resistance line. The gold market is also poised to remain in bull mode, plus a look at some other surprises. Gold Should Now Remain In Bullish ModeDecember 21 (King World News) – Fred Hickey:  [Yesterday’s] action pushed gold above $1,800 & its 200-day average (again)- making it increasingly likely gold will stay above that level and cause deeply underinvested Western institutions to rebuild gold positions. Since beginni...

New speculators going long are also adding to the silver shorts’ misery… by Harvey Organ of Harvey Organ Blog //GOLD PRICE UP $27.05 TO $1815.60//SILVER IS UP A FULL $1.05 TO $24.05//PLATINUM IS UP 26.75 TO $1012.45/PALLADIUM IS UP $62.60 TO $1739.65//JAPAN FINALLY EXPANDS ITS YIELD CURVE AND WILL BUY UP TO 9 TRILLION YEN JAPANESE BONDS PER MONTH//THAT SET OF A FRENZY IN THE PRECIOUS METALS MARKET// GOLD PRICE CLOSE: UP $27.05 at $1815.60 SILVER PRICE CLOSE: UP $1.05  to $24.05 Access prices: cl...

Where is the silver actually going to come from? Rob Kientz with Chris Marcus of Arcadia Economics While there’s been a lot of attention placed on the declining inventories of silver in the LBMA and COMEX stockpiles, in today’s call Rob Kientz of GoldSilverPros talks about some of the developments in China. Where there’s also been an increased amount of silver deliveries, as the global demand for silver continues to remain strong. Rob looks at the latest Chinese data, and talks about some of the...