Category Archive: 6a) Gold & Bitcoin

Uncle Sam Issuing $300 Billion In New Debt This Week Alone

US needs to borrow almost $300 billion this week alone. This is the largest debt issuance since 2008 financial crisis. Trump threatens trade war with its biggest creditor – China. Bond auctions have seen weak demand due to large supply and trade war concerns. $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months. US total national debt level now exceeds $21.05 trillion and is accelerating higher.

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Central Banks Care about the Gold Price – Enough to Manipulate it!

In early March, RT.com, the Russian based media network, asked me for comments and opinion on the subject of central bank manipulation of gold prices. The comments and opinion that I supplied to RT became the article that RT then exclusively published on its website on 18 March under the title “Central banks manipulating & suppressing gold prices – industry expert to RT“. This article is now transcribed below, here on the BullionStar website.

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Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish

Silver Futures Report, JP Morgan Record Silver Bullion Holding Is Extremely Bullish. JP Morgan Continues Adding To Massive Silver Bullion Holdings (see chart). Silver Speculators Go Short – Which Is Extremely Bullish. Stunning Silver COT Report: One For the Ages (see chart).

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Prices and Predictions – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Global Trade War Fears See Precious Metals Gain And Stocks Fall

– Market turmoil as trade war concerns deepen and Trump appoints war hawk Bolton – Oil, gold and silver jump as ‘Russia China Hawk’ Bolton appointed – Oil up 4%, gold up 2.2% and silver up 1.6% this week (see table) – Stocks down sharply – Nikkei down 4.5%, S&P 4.3% & Nasdaq 5.5% – Bolton scares jittery markets already shell-shocked by US’ tariffs against China – Currency wars and trade wars tend to proceed actual wars – Gold now...

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Gold +1.8 percent, Silver +2.5 percent As Fed Increases Rates And Trade War Looms

Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday. Gold climbs as Fed increases interest rates by 0.25% – now 1.5% to 1.75% range. Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018. Markets disappointed at lack of hawkish comments from new Fed Chair. Dollar LIBOR rises to highest level since November 2008 – $200 trillion worth of dollar-denominated financial products including mortgages based off LIBOR.

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Credit Concerns In U.S. Growing As LIBOR OIS Surges to 2009 High

Key Metric LIBOR OIS Signals Major Credit Concerns. Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns. Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009. Libor recently moved to over 2% for first time since 2008. Wider spread usually associated with heightened credit concerns.

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Why the World’s Central Banks hold Gold – In their Own Words

Collectively, the central bank sector claims to hold the world’s largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.

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Four Charts: Debt, Defaults and Bankruptcies To See Higher Gold

$8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies. Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher. Massive government and consumer debt eroding benefits of wage growth (see chart).

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Buy Silver And Sell Gold Now

Buy silver and sell gold now – Frisby. Gold should cost 15 times as much as silver. Silver might have disappointed in short term – But it’s time to buy. Editor’s note: Silver has outperformed stocks, bonds and gold over long term (see table).

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Gold Cup At Cheltenham – Gold Is For Winners, Not For the Gamblers

Gold Cup at Cheltenham – ‘The Olympics’ of the European horse racing calendar. Gold Cup trophy contains 10 troy ounces of gold – worth £9,000. £620 million bets on horses, 230,000 pints of Guinness will be drunk, 9.2 tonnes of potato eaten. Since the 5th century BC, gold has been the ultimate prize to award champions and gold has been constantly and universally awarded as top prize.

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BOOM: Wyoming Ends ALL TAXATION of Gold & Silver

Cheyenne, Wyoming (March 14, 2018) – Sound money activists rejoiced as the Wyoming Legal Tender Act became law today. The bill restores constitutional, sound money in Wyoming. Backed by the Sound Money Defense League, Campaign for Liberty, Money Metals Exchange, and in-state grassroots activists, HB 103 removes all forms of state taxation on gold and silver coins and bullion and reaffirms their status as money in Wyoming, in keeping with Article 1,...

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Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony

Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony. Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England. Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil. Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes. Central bank gold purchases continue to be major drivers of gold market.

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Gold Protects As Cashless Society Threatens Vulnerable

Gold Protects As Cashless Society Threatens Vulnerable. Swedish authorities concerned cashless society is happening ‘too quickly’ and heading into ‘negative spiral’. Only 25% of Swedes paid in cash at least once a week in 2017, 36% never use cash. Cash usage in Sweden falling both as share of GDP and in nominal terms. Sweden may be world’s first economy to introduce a cryptocurrency, the e-krona. Cashless is not a disincentive for illegal drug...

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Stock Market Selloff Showed Gold Can Reduce Portfolio Risk

Stock Market Selloff Showed Gold Can Reduce Portfolio Risk. Recent stock market selloff showed gold can deliver returns and reduce portfolio risk. Gold’s performance during stock market selloff was consistent with historical behaviour. Gold up nearly 10% in last year but performance during recent selloff was short-lived. The stronger the market pullback, the stronger gold’s rally. WGC: ‘a good time for investors to consider including or adding gold...

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Women’s Pension Crisis Highlights Dangers To Savers

Women’s Pension Crisis Highlights Dangers To Savers. – International Women’s Day highlights the underreported UK Women’s pension crisis. – 2.66 million affected by UK government’s change to state pension act. – Women’s pension crisis is one of many in the UK, where there is a £710bn deficit for prospective retirees. – Changes by government highlights the counterparty risks pensions are exposed to. – Global problem as pensions gap of developed...

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Gold Does Not Fear Interest Rate Hikes

Gold Does Not Fear Interest Rate Hikes. Gold no longer fears or pays attention to Fed announcements regarding interest rates. Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it. Higher interest rates on horizon will make debt levels unsustainable. New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainable” debt load. Higher interest rates are good for gold as seen...

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London Property Sees Brave Bet By Norway As Foxtons Profits Plunge

London Property Sees Brave Bet By Norway As Foxtons Profits Plunge. Sales in London property market at ‘historic lows’. 65% fall in pre-tax profits in 2017 to £6.5m reported by London estate agents Foxtons. Foxtons warns 2018 will ‘remain challenging’ for London property. Norway’s sovereign wealth fund is backing London’s property market. RICS: UK property stock hits record low as buyer demand falls. Own physical gold to hedge falls in physical...

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Silver bullion will likely outperform gold bullion going forward

Normally the action in the gold and silver futures markets tends to be pretty similar, since the same general forces affect both precious metals. When inflation or some other source of anxiety is ascendant, both metals rise, and vice versa. But lately – perhaps in a sign of how confused the world is becoming – gold and silver traders have diverged.

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Return of the Market Criers – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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