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Silver & Gold Recent Demand / Performance Information

Discussion in 'Gold Silver (All things Metal)' started by searcher, Jun 2, 2017.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Silver & Gold Recent Demand / Performance Information 2017
    Junius Maltby



    Published on Jun 1, 2017
    Some interesting news on metals, especially taking a look at the movements of Silver. Join the Junius Maltby Channel (Walter Cronkite of Precious Metals as termed by a subscriber!). Welcome to the discussion.
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    For more information go to: http://www.law.cornell.edu/uscode/17/

    **FAIR USE STATEMENT**
    This video may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This material is being made available within this transformative or derivative work for the purpose of education, commentary and criticism, is being distributed without profit, and is believed to be "fair use" in accordance with Title 17 U.S.C. Section 107.

    For more information go to: http://www.law.cornell.edu/uscode/17/
     
  2. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  3. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  4. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Silver & Gold Production In 2017 & Other Data
    SalivateMetal



    Published on Aug 19, 2017
    Lets explore precious metals and industrial metal production for 2017 AND check out the dollar to silver and dollar to gold ratio!
    Buy Salivate Metal rounds here:
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  6. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Dave KRANZLER -The Trading Action in Gold & Silver is Alot More Interesting Than it Looks -2017
    Financial Futures



    Published on Aug 23, 2017
     
  7. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Gold & Silver Demand - Currencies, $10,000 Gold & $600 Silver?
    Junius Maltby



    Published on Sep 3, 2017
    Junius Maltby discussion on current news and stories regarding precious metals, gold & silver, projections, and discussion.
    SUPPORT: https://www.patreon.com/JuniusMaltby
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    **FAIR USE STATEMENT**
    This video may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This material is being made available within this transformative or derivative work for the purpose of education, commentary and criticism, is being distributed without profit, and is believed to be "fair use" in accordance with Title 17 U.S.C. Section 107.

    For more information go to: http://www.law.cornell.edu/uscode/17/
     
  8. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Monex - Manipulation & Fraud: Precious Metals Customers Lose $290 Million
    SalivateMetal



    Published on Sep 15, 2017
     
  9. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  11. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    2017 Global Physical Gold and Silver Demand: A Fact Vs. Propaganda Update


    -- Published: Thursday, 12 October 2017

    By JS Kim

    Recently, the western banking cartel media has been out in full force to mislead everyone regarding a narrative of falling and “soft” demand for physical gold and physical silver, as they typically frame the market in the US as representative of the global market when this is patently false. Furthermore, the usual suspects, like Goldman Sachs bankers, have piled on to this misinformation by calling for a plunge in gold prices, but more on that later. First let’s discuss the misleading statistics being disseminated by the mainstream financial media regarding physical gold and physical silver demand. Last month Reuters reported plummeting silver Eagle coin sales for Q3 at 3.7 million ounces, and attempted to frame weak US physical silver demand as weak overall silver demand by calling the silver coins data “the lowest in 10 years”. Furthermore, they attempted to frame physical gold demand as weak by referring to the Q3 2017 American gold eagle coins sales of 38,500 ounces as a 80% plunge from the same quarter, prior year. If you were to read just this one article to gauge physical gold and physical silver demand worldwide, you would likely believe that demand was dead and that no one was interested in buying physical gold or silver anymore, as the Reuters journalist literally provided zero context to these numbers. As I’ve repeatedly stated for the past 10 years, anyone can use statistics to present a biased and false picture of reality by stripping presented data of any context. This is precisely what the Reuters journalist did.

    Furthermore, Bloomberg hopped on the “no one wants to buy physical gold and physical silver” Reuters bandwagon as well with a similar narrative of gloomy gold demand by reporting last week that “sales of gold coins [in the United States] in the first nine months of the year shrank to the lowest in a decade.” As well, various mainstream US financial websites prominently reported that demand for US Mint produced gold bullion has fallen off a cliff this year, with the first 5-months of 2017 only generating 185,500 ounces of gold sales, yielding a projected 2017 annual figure of only 445,200 AuOzs sold.

    And while all of the above figures are factual and true, they are entirely misleading when it comes to global physical gold and physical silver demand as all the data are provided out of context, and within a very narrow lens that presents US gold bullion and silver bullion sales as the most important data in the entire world. In fact, American physical gold and physical silver consumption is irrelevant to global physical gold and physical silver demand as these figures pale in comparison to aggregate physical gold and silver consumption in China, India, and Japan. Though aggregate gold demand in all three of these countries far outweighs aggregate gold demand in the United States, and gold demand on the Asian continent is far more representative of total global demand, I can use one country, China, without even discussing the details of the enormous physical gold demand in India and Japan this year, to prove my point. Before I continue with a discussion of Chinese physical gold demand this year, let me just briefly note that for the first seven months of this year, India’s gold imports more than doubled over the prior year to 550 tonnes. With another 150 to 200 tonnes of gold estimated to be illegally smuggled into India, a conservative figure for India gold demand this year amounts to about 637.5 tonnes, or more than 20.5M AuOzs, for the first 7 months of this year. Recall that annual sales of gold bullion in the United States from the US Mint for the entire year are projected to be 2.4% of the 7-month Indian demand, yet Reuters and Bloomberg journalists discuss US Mint bullion sales in American media, providing zero context of global demand, as if they are the barometer for the entire global industry.

    In China, gold and silver panda coin sales only make up a small portion of the overall demand for physical gold and physical silver as in 2016, only 1M China gold panda coins and 8M China silver panda coins were minted. For this reason, let’s compare physical bullion bar consumption in China to US Mint gold bullion sales, though I want to stress that we are not comparing apples to apples when doing so. Of course, the US mint figure does not include coin and bar sales of independent US bullion dealers, as there is no reliable source that aggregates these numbers in the United States every year. Still, since most “gold” sales in the United States occur in the form of paper gold and the GLD ETF, I’m going to assume that independent dealer sales of physical gold are not going to inflate the US mint number that significantly. In China, the best source of aggregated individual retail purchases of gold bullion bars is provided by the Shanghai Gold Exchange (SGE), as various Chinese banking sources have confirmed that the PBOC, the Chinese Central Bank, does not buy any of its gold on the SGE, and that all withdrawals represent private demand in China.

    In the first 8 months of this year, according to data provided by the SGE, the Chinese withdrew an aggregate of 1.29 M kgs of physical gold. Annualized, this figure amounts to approximately 62,230,302 ounces of physical gold. Because recycled gold has to flow through the SGE, this figure is actually slightly higher than real demand, but even if we consider 5% of all withdrawn SGE gold to be recycled gold, and subtract an estimated 5% from this number, then annualized wholesale demand for physical gold in China would still be an estimated more than 59M AuOzs. Note that this figure only represents the official amount of physical gold being withdrawn from the SGE and does not represent wholesale and retail gold bullion purchases from banks, independent dealers and from neighboring countries like Hong Kong, as many Chinese often buy gold when in Hong Kong and then import it back into China. Thus, even if we add a 20% premium to the US annualized physical gold purchase number above to represent all physical gold purchased outside of the US mint, we are speaking about a minimum of 59M AuOzs purchased in China this year versus 445,200 * 1.2 = 534.2k AuOzs purchased in the United States.

    In other words, US demand for physical gold is likely less than 1% of Chinese demand and less than 2.5% of Indian demand, yet US financial media has repeatedly framed physical gold and silver demand as cratering for the duration of this year thus far, by deceptively only reporting cratering numbers for physical gold demand in the United States. Even taking into account the 1.4 billion people that live in China versus the 325M people that live in the United States, we are talking a giant discrepancy in physical gold demand as there are only 4.3 times more Chinese than Americans, yet physical gold demand is not 4.3 times more, but 110 times more. In addition, the Economic Times, the Financial Express, and the World Gold Council all have pegged private physical gold ownership in India at more than 643M AuOzs, and Koos Jansens of BullionStar has produced similar estimates for private physical gold ownership in China. While I have read articles regarding how estimates are calculated for private gold ownership in India and China and found them to be credible, I have not yet discovered any estimates about private gold ownership in the United States to be credible, so it’s difficult to know how private US gold ownership stacks up to India and China other than to estimate that it is a fraction of the ownership in these two countries.

    Finally, the same shenanigans that happen with US financial media reporting regarding physical gold sales happen with their reporting of physical silver sales as well. YTD, up until August, the SGE reports that retail withdrawals of silver have amounted to 990,105 kg, or about 31.8M AgOzs. Annualized this amounts to roughly 48M AgOzs and again if we estimate 5% of this figure to be recycled silver, then Chinese wholesale demand for silver for 2017 will still amount to more than 45M AgOzs. The US Mint reported that silver bullion sales for the first 5-months of the year were 11.2 M AgOzs, or less than 27M AgOzs annualized. In the case of silver, since the Chinese population is 4.3 times larger than the American population, the per capita sales of silver is weaker in China than in the US. However, it is still extremely misleading for Reuters to try to paint a collapsing demand of physical silver by reporting, as they did last month, that “third-quarter sales of American Eagle silver coins fell to the lowest in 10 years.”

    In China, the retail demand for physical silver will likely not be the driving force for silver usage for the next 5 to 10 years, but it will be industrial demand that drives overall physical silver consumption patterns. China currently plans to clean up one of its most persistent problems, heavily polluted air in its major cities, by aggressively pursuing a plan of solar energy to replace less green energy sources. Just last month, Xin Guobin, the Vice-Minister of Industry and Information Technology, stated that China had begun “relevant research” to establish a timeline to phase out petrol and diesel vehicles in the Chinese market and a desire to add 20 gigawatts of solar power annually nationwide. In order to achieve this, China would need to utilize about 56M AgOzs a year to produce 20 gigawatts of solar power. Furthermore, other countries outside of China have also stated a desire to rely on solar energy much more heavily over the next 5 years, also increasing global demand for silver. With the declining silver prices in the past few years, one would be mistakenly led to believe, based upon what every student learns in Economics 101 class in business school, that supply has been exceeding demand by a healthy margin every year for the past 5 years. However, this is not the case. For the last several years, according to the Silver Institute, global silver supply, every year, has been insufficient to meet global silver demand. In addition, global silver mine production decreased in 2016 for the first time since 2002 from a base of about 1 billion AgOzs of production per year in years past to just 885.8M AgOzs. This year, global silver mine production is once again expected to fall again for the second time in the last 15 years. With many of the world’s largest silver mines suffering depleting reserves at a rapid pace and many of the world’s largest silver mines suffering shorter LOMs, I suspect that global silver mine production may have peaked last year at a time when global demand will be significantly increasing.

    But don’t let the above facts get in the way of incessant price suppression schemes executed against spot prices of gold and silver via the paper gold and paper silver markets by the Rothschild Central Banks and the large Wall Street commercial banks. In fact, just on schedule, as I was looking for the latest Goldman Sachs banker propaganda to prop up digital currencies and to take down gold prices, the bankers certainly did not disappoint. Yesterday, Goldman Sachs bankers Sheba Jafari and Jack Abramovitz stated they now expect gold to retreat back to $1,100 an ounce from its current price of around $1288, a very transparent effort to help out the still very large commercial banking short gold positions still held that are firmly in the red at the current time. By the way, Sheba Jafari is the Goldman Sachs analyst that has also continually projected significantly higher prices for BTC every time the BTC price has significantly corrected at any point this year. In other words, Jafari seems to always state gold negative, and BTC positive positions, as one would expect a banker to do. There is little doubt that all the Western financial media attention given to BTC has diminished the luster of physical gold this year. Given that commercial banks still have large short gold and short silver positions outstanding at the current time, and given that their analysts are trying to manufacture another retreat in prices, price behavior in gold and silver may be volatile from now until the end of the year. However, even if they are successful in manufacturing another volatile drop in spot prices so they can profitably exit their current gold and silver shorts, I do not expect such a drop to have a long life span, as such a drop, if it happens, will have been entirely artificially manufactured and be viewed as just another opportunity by the Chinese, Russians, Indians, and Japanese to scoop up more physical gold/silver at bargain prices.

    As an interesting final note, the Russian Central Bank has now followed the PBOC in banning all exchanges that allow trading of cryptocurrencies that have no intrinsic value. It seems to me that lines in the sand are being drawn between the Western Central Banks that clearly desire to take the world to a 100% digital cryptocurrency platform to replace their currently failing 98% digital fiat currency system and the BRICS nations that clearly desire physical gold to be an integral component of their currency system moving forward, with perhaps a slight speed bump in India, as Indian PM Narendra Modi seems to temporarily have been captured by Western banking interests in pushing a digital currency agenda. In my humble opinion, the best way to prepare for the coming massive global asset bubble collapse is still to purchase physical gold and physical silver at these insanely low prices at the current time.

    https://www.smartknowledgeu.com/index.php

    http://news.goldseek.com/GoldSeek/1507813800.php
     
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  12. Alton

    Alton Gold Member Gold Chaser

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    Hmmm...manipulation by lies, who'da thunk? Must be getting more difficult to manipulate by physical means.
     
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  13. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Gold Up 74% Since Last Market Peak 10 Years Ago



    -- Published: Friday, 20 October 2017

    – 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th
    – Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP
    – Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later
    – S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value
    – Gold’s performance is slowly forcing mainstream to re-consider gold
    – “Notion of gold as a hedge against serious risk aversion is true… ” – Bloomberg analyst

    Editor Mark O’Byrne

    [​IMG]

    Ten years ago last week the U.S. stock market hit a peak before crashing during the financial crisis. That now seems a like a distant memory but with stocks making new record highs every day recently, it is prudent to step back and evaluate the long term performance of assets and indeed the outlook in the coming years.

    Today the S&P 500 continues to make headlines as it repeatedly reaches new highs, most notably in September as it pushed past 2500 despite North Korean/Trump war drums.

    Quietly in the background gold has been putting in its own stellar performance. Although few would have known, given the lack of interest most market participants have paid to it in recent years.

    [​IMG]

    Since the last peak of the S&P500 the precious metal, and ultimate hedge against inflation, has climbed over 74%.

    After massive gains during the financial crisis, it fell quite sharply in all currencies in 2013 prior to consolidating at lower levels in 2014 and 2015 and then eking out gains again in 2016 and so far in 2017.

    This puts gold in the top five of best performing assets in the last ten years.

    [​IMG]

    In the year-to-date gold has almost been in line with the S&P’s ongoing rally. Both remain in the top 10 performing markets, with an increase of 13.41% and 14.14%, respectively.

    [​IMG]

    Much of the chatter regarding the S&P’s recent performance is surrounded by whispers of concern. Some commentators wonder if equity markets are now entering the ebullient phase that we often see towards the end of bull markets and ahead of market peaks.

    This is likely to be the case, but what does this mean for gold which has also had an excellent decade? Many mainstream analysts have been forced to reconsider their take on gold. An asset which, in their opinion, should not have performed so strongly against a backdrop of low inflation and strong, coordinated global growth.

    How did the S&P500 recover to such highs?

    [​IMG]

    According to the above chart produced by First Trust, this current bull run in the S&P500 is not particularly remarkable. The average bull market has lasted 9 years with an average cumulative total return of 472%.

    At the moment markets are still riding a wave of optimism, much of which seems based on the somewhat unexpected Trump Bump. Investors are either optimistic or relieved in terms of what he may do or hasn’t done already.

    But the market hasn’t only been climbing thanks to Trump’s victory, it was already climbing for over seven years prior to his inauguration.

    This bull-run is ultimately thanks to the ultra-loose monetary policies from major central banks.

    The Federal Reserve used “QE bond purchases” to purchase assets in order to increase bond prices and reduce interest rates. The primary aim was to prevent a further crash in the housing market and indeed stock markets, it worked. However the Fed has made markets addicted to QE and they have been unable to stop the massive cash injections.

    Quantitative easing has massively distorted asset prices. Just take a look at benchmark Spanish and Italian 10-year government bonds where yields have fallen from 6-7 per cent in July 2012, to below 2%.

    It is unbelievable that investors are celebrating this state of affairs by pumping more money into the equity markets. Global growth is still slow, there is low U.S. productivity growth and rising inequality.

    Inflation is beginning to tick higher both in the UK and the U.S. and many key property markets, such as London and New York city, are slowing down

    One might say that we are seeing a stock market in a state of euphoria.

    Will it last?

    In a word: no.

    Historically bull markets go out with a nice bang rather than a drawn-out whimper. They also like to go ‘bang’ right after they have shone at their brightest. Given the S&P500 has already outperformed analysts’ expectations for the end of 2017, one might ask if we are now seeing some serious glow.

    What will trigger the last swan song of this market? There is little a bull market fears above a recession.

    As explained above, the rally is thanks to QE. As the year goes on more central banks are expected to tighten monetary policy. But, there is a concern that investors are ignoring/misreading signals from central bankers or (worse) central bankers are failing to estimate the dangers of withdrawing stimulus and the recession it will likely trigger.

    Citigroup recently expressed concern about how markets may react to quantitative tightening, in a research note, stating “even small balance sheet adjustments may create outsized responses in markets – especially when several central banks are adjusting policy simultaneously”.

    This is of particular concern when one considers the high valuations in both global bond and equity markets (note, the S&P500 isn’t the only one having a good run). As Citigroup also notes, withdrawing stimulus “would be less disruptive if market valuations were fair rather than expensive”.

    A September survey of Bank of America hedge fund managers saw the largest net increase in those who had bought hedges against a market downturn, in over a year. So fearful are they of a severe sell-off, respondents showed their biggest underweight position in US stocks since November 2007.

    Meanwhile cash holdings were above the average of the past decade.

    Gold has done very well despite the massive bull market in stocks. This is largely due to concerns regarding loose monetary policy by those aware of gold’s hedging and safe haven properties. If this is about to be reined in, what should we expect for the future performance of gold?

    Gold “really is a good hedge”

    One of the joys of gold’s stellar decade-long performance is the manner in which it has forced the mainstream to confront their prejudices.

    It is not unusual for mainstream analysts to dismiss gold’s role as a hedge against multiple risks including inflation, recession and devaluation. But there is a change in the wind, helping gold’s cause.

    Last week Bloomberg’s Macro Man (Cameron Crise) decided to really look into the stats and ask whether or not gold really is a good hedge.

    I used the CBOE Volatility Index (VIX) as a proxy for market risk aversion and ran a series of multifactor regressions to determine whether equity volatility is statistically significant as an explanatory variable for gold.

    The answer, somewhat to my surprise, appears to be yes.

    …the VIX appears to be a significant statistical driver of changes in the gold price over a meaningful period of time. Based on this evidence, it looks as if claims of gold as a risk-aversion hedge might be true.

    Why does this matter given what we have just been discussing? Currently Wall Street’s fear gauge, the VIX, stands just above its lowest level in two decades. But evidence (such as the BAML) survey shows that some fear is seeping into the market.

    This is good news for gold, especially when one considers historical episodes of increased risk aversion.

    Crise looked at the following:

    I identified 10 notable episodes of risk aversion over the past three decades, defining the duration of each as the peak-to-valley move in the S&P 500 index. I then calculated the performance of U.S. stocks, Treasuries, and gold during these episodes.

    Again, on this metric, gold looks pretty good as a risk-aversion hedge. By definition, equity market performance was poor, with an average loss of almost 20 percent per episode. Treasuries proved a useful offset, returning an average 3.4 percent and performing positively on seven occasions. Gold, meanwhile, was a star performer, rising almost 7 percent per episode, with gains in 8 of the 10 periods.

    [​IMG]

    Gold’s vital role in a portfolio

    This is good news for those of us looking to hold gold in our portfolios. We have brought many examples to you (both academic and anecdotal) of gold’s safe haven role in investing. Crise’s work is yet another to add to the growing list of support for the precious metal’s vital role in portfolio insurance.

    Crise constructed two sample portfolios to test gold’s resilience and returns in a portfolio:

    …a simple 60/40 asset mix calculated using the S&P 500 total return index and the Bloomberg Barclays US Treasury Total Return Index, and a 55/35/10 mix that reduced the stock and bond weightings by 5 percent apiece and replaced them with gold. (I used the spot gold price to calculate gold returns.)

    It turns out that a portfolio including gold outperforms the 60/40 portfolio by about 55 basis points per year, albeit at the cost of higher volatility. (The risk-adjusted return was virtually identical for both portfolios.) Over a 30-year time frame, though, that half a percent per year accumulates into quite a tidy sum.

    [​IMG]

    Conclusion

    For the past few years market bulls have been overjoyed to experience monetary stimulus and surging valuations. Now they cannot afford to ignore a reduction in stimulus against a backdrop of over-the-top valuations.

    Investors also cannot afford to ignore what is about to happen. Wealth management schemes and pension plans have a huge amount of cash wrapped up in equity markets. Savers would be wise to consider the forthcoming risks and consider re balancing and allocating funds to gold in order to protect their wealth and portfolio.

    The S&P500, along with other markets, may well continue to run for some time. History shows that equity bull markets have run for longer. Yet, on a host of metrics it looks very overvalued indeed and vulnerable to a sharp correction or indeed a crash.

    At the moment much rests on the unlikely scenario of central banks not going through with their threats to raise rates and for global growth to continue its current synchronised rise.

    Gold has performed incredibly well next to an asset class which it perhaps wouldn’t have been expected to do so well against.

    This does not mean that the two are complementary in their behaviour. Instead investors must consider the factors that drove the S&P 500 to such highs and how well gold will perform when they are no longer there.

    This scenario sounds like it is already making more prudent, smart money investors nervous, a situation that bodes well for gold in the coming months and years.

    News and Commentary

    Gold prices hold firm as dollar sags (Reuters.com)

    Dollar Gains, Treasuries Fall on U.S. Tax Hopes (Bloomberg.com)

    Asia-Pacific stocks start lower, edge back into positive territory (MarketWatch.com)

    Trump leaning toward Powell for Fed chair, officials say (Politico.com)

    Gold purchases on Moscow Exchange won’t change reserves’ outlook – Russia (Reuters.com)

    [​IMG]
    Source: ZeroHedge

    How one of the first big property bubbles led to the Great Depression (MoneyWeek.com)

    Warning of ‘ecological Armageddon’ after dramatic 75% plunge in insect numbers (Yahoo News)

    S&P 500 Is Now Overvalued On 18 Of 20 Metrics (ZeroHedge.com)

    2 Charts Show S&P A Bubble and Risk of Crash (ZeroHedge.com)

    China’s Greater Bay Area gets a big green light (StansBerryChurcHouse.com)

    Gold Prices (LBMA AM)

    20 Oct: USD 1,280.25, GBP 974.27 & EUR 1,084.76 per ounce
    19 Oct: USD 1,283.40, GBP 975.64 & EUR 1,087.42 per ounce
    18 Oct: USD 1,280.65, GBP 972.53 & EUR 1,090.47 per ounce
    17 Oct: USD 1,289.70, GBP 973.47 & EUR 1,097.02 per ounce
    16 Oct: USD 1,305.15, GBP 981.08 & EUR 1,107.03 per ounce
    13 Oct: USD 1,293.90, GBP 972.88 & EUR 1,093.73 per ounce
    12 Oct: USD 1,294.45, GBP 977.96 & EUR 1,092.26 per ounce

    Silver Prices (LBMA)

    20 Oct: USD 17.08, GBP 12.96 & EUR 14.46 per ounce
    19 Oct: USD 17.03, GBP 12.93 & EUR 14.40 per ounce
    18 Oct: USD 16.95, GBP 12.86 & EUR 14.42 per ounce
    17 Oct: USD 17.11, GBP 12.96 & EUR 14.55 per ounce
    16 Oct: USD 17.41, GBP 13.09 & EUR 14.75 per ounce
    13 Oct: USD 17.20, GBP 12.94 & EUR 14.55 per ounce
    12 Oct: USD 17.20, GBP 13.06 & EUR 14.50 per ounce

    http://www.goldcore.com/us/

    http://news.goldseek.com/GoldSeek/1508503637.php
     
  14. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    People are Holding Onto Their Silver | US Mint AP President
    SilverDoctors



    Published on Oct 24, 2017
    https://sdbullion.com
    http://www.silverdoctors.com/precious...

    While some people are selling back their gold, few are selling back their silver. US Mint Authorized Purchaser MTB Roy Friedman says people are holding onto their silver. Silver is "the investment that people do not sell back."

    As for the near term market prices, Friedman says precious metals may go lower. While demand for physical gold and silver has improved over the last couple weeks, it is still weak, he says. However, in the long term, he sees much upside potential for gold, silver, and other precious metals.

    Friedman also discusses the recently released US Mint Palladium coin.
     

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