Global Economic Periscope #6

 

 

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Live 24 hours gold chart [Kitco Inc.]

Karl Marx’s Road To Hell Is Paved With Fake Money

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Don’t believe their lies.  Just follow the fake money back to its origin… There you’ll find the Fed, hard at work, applying the pavement to Karl Marx’s road to hell…

Colonial Pipeline Paid Hackers $5 Million In Crypto Ransom Hours After Attack 

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The company reportedly paid the ransom just hours after the attack.

 


“No Panic”: Markets Surge As “Transitory Inflation” Narrative Reasserts Itself

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“…this changes nothing from the Fed’s view. The Fed is focused on the labor market, believing that any transitory inflation can be weathered by Consumers”


Sizzling Heat Building In Southwest

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Triple-digit heat will hit truckers across the Southwest over the next couple of days.


Goodbye Elon, Hello Steve Cohen: Point72 To “Get Big” In Crypto

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The firm is poised to “get big in crypto.”

EOS Soars As Thiel-Backed Group Inject $10 Billion Into Decentralized Crypto Exchange

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…the exchange will be known as “Bullish

Crypto now worth more than all US currency in circulation at $2.25 trillion market cap…

2nd Biggest Cryptocurrency Ethereum Breaks $4,000 to Hit Record High

Ethereum Soars Above $4000, Nears Market-Cap Of JPMorgan As Bitcoin Dominance Fades

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Cryptocurrencies crossed a key threshold in the last week, surpassing the value of all physical US dollars in circulation

SILVER ALERT! COMEX Default Looms as 10M MORE OUNCES Added to Potential May Deliveries!! (Bix Weir) – YouTube

China Officially ‘Enemy Number 1’ In Annual US Threat Assessment Report

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China increasingly is a near-peer competitor, challenging the United States in multiple arenas – especially economically, militarily, and technologically – and is pushing to change global norms…”

Hedge Funds Implode as Central Banks Get More Gold Bullion

jhanders's Photo

BY JHANDERS
SUNDAY, APR 11, 2021 – 13:38

The London Bullion Market Association made news today, publishing a new record high volume of supposed silver underlying all the various silver ETFs and unclaimed silver bullion float with various commercial banks and secure logistics custodians in London.

The claim made is that London increased its silver fractional reserve pile by over 124 million ounces in March 2021.

So just over 431 of this roughly 288,000 ounces of silver bullion supposedly flowed into London in the last 31 days.

For further perspective, imagine as if the entire COMEX registered supposedly deliverable silver pile equivalent poured into London vaults last month alone.

For another analogy on how unbelievable this claim is, this is akin to just under the entire underlying PSLV silver bullion pile in just one month, moving supposedly into these individual and or collective London six silver vaults.

LBMA Claims Record Silver in London Vaults

It was not but a few months ago when estimates were that London only had about 100 million ounces of silver bullion floating unclaimed by ETFs in the system.

Ronan Manly reported this in middle February 2021 about shrinking London silver bullion float inventories here on ZeroHedge.

Silver Bullion London Supplies Almost Gone – Feb 12, 2021

Interesting news this week regarding a large primary silver mine in Mexico, which decided to forgo selling precious metals during this spot price correction over the last two weeks of March.

Endeavor Silver plans to sell the withheld silver and gold metal inventory in anticipation of a precious metal price rebound in the second quarter of this year, 2021.

 

The Great Transition: Monetary Hopes To Fiscal Reality

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How long can markets party on like there is no tomorrow?

These Stocks Have The Most To Lose From Biden’s Corporate Tax Hike

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Full adoption of the Biden proposal would cut S&P500 growth to just 5% in 2022.


Futures, Global Stocks Hover At All Time High As Q1 Earnings Begin

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“Low inflation and dovish central banks should limit the rise in bond yields during the recovery,”


Is Bitcoin Displacing Gold As An Inflation Hedge?

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The digital asset’s increasing scale has made it a more viable competitor to the traditional protector against currency debasement…


Q1 will blow-out the blow-out expectations. Then what?

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Deceleration is a powerful force…

Debt-Fueled Spending Won’t Create Growth

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It is likely that “something has gone wrong” for the Fed… The limit of its ability to pull-forward future consumption through monetary interventions has been reached…




 


“Like The Wild West”: Arizona Sheriff Says Biden Border Crisis ‘Worse Than Obama Years’

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“Ridiculous” and “unfair”


Watch: Reporters Demand To Know Why They Have Zero Access To Border Crisis

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Border officials have been placed under gag orders, told to refuse ride-alongs with journalists…


The “Usual” Quant Strategies Aren’t Working Anymore

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Among those starting to get frustrated with the S&P’s uneven trading of late (mostly due to large whipsaws back and forth in the NASDAQ and growth to value rotation) are quants.


Washington Plans To Start Lifting International Travel Restrictions In 2 Months

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…the administration is preparing to start lifting restrictions on international travel in mid-May.


Facing Up To JP Morgan’s Leverage Relief Threats

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The Fed will shortly announce whether the special Covid relief measures will continue or not. Led by JP Morgan, the banks lobbied for an extension, claiming that ending forbearance will increase market volatility.


10Y Yields Cross The “Tipping Point”

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The pain is just starting.


De Blasio Says Cuomo Reopening NY For “Political Reasons” As More Women Come Forward

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“Afterward, a fellow reporter loudly observed that Andrew Cuomo seemed very into me. I was embarrassed, but at least is wasn’t my imagination, I thought.”


Retail Euphoria Turns To Pain As Rates Wreck Tech

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“A months-long gap between retail euphoria and institutional skepticism all but disappeared.”


Oil Crashes Most Since December As Inventories Jump, Demand Hope Fades

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We’re gonna need more OPEC+ jawboning!


Here’s How Americans Said They Will Spend Their Latest $1,400 Stimulus Check

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And the ideas financial advisors are offering for clients to allocate their money.


Watch Live: EMA Safety Review Finds Benefits Of AstraZeneca Jab Outweigh Risks

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Shocker…


Hammer Drop Imminent – On Yields Or Stocks?

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Never mind that the Fed has presided and instilled record wealth inequality expansion since the dawn of the age of permanent intervention…


Will History Repeat? Household Portfolios Are Oversized, Unbalanced, & Vulnerable

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The most significant vulnerability for household portfolios is a sharp rise in market interest rates. And the odds of that happening in 2021 are far greater than what is expected by investors…


Michael ‘Big Short’ Burry Says He Will Stop Tweeting After SEC “Paid Us A Visit”

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But why would the federal government want to silence one of the market’s most credible and popular contrarians?

 

 

 

ALERT! Just HODL your SILVER and your THETA!! (Bix Weir) – YouTube

 

 

 

 

 

  1. ALERT! Silver "Time to ACT!" & "Theta Girl" Rocks HIGHER AGAIN! (Bix Weir)
ALERT! Silver “Time to ACT!” & “Theta Girl” Rocks HIGHER AGAIN! (Bix Weir)

A post submitted by CGI member, BoldFenianMan:

****************************************

Investing in silver ETF’s such as SLV or SIVR or PSRV is not the same as HOLDING PHYSICAL SILVER! GET IT NOW….OR NEVER!
I BELIEVE THE BREAKOUT IS IMMINENT!

Just be Long & strong!


https://youtu.be/wtxr_yXDXTo

Palisades Gold Radio
53.1K subscribers
Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets. He brings us a bombshell overview of what is happening in the metals market.

To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca;

Ed explains how tight the silver markets have become and why the Comex is attempting to roll over as many contracts as possible to avoid delivery. They have reduced the fees to rollover contracts to near zero. There is some backwardation in silver for contracts in late 2021, revealing weaknesses in their ability to deliver.

Thousands of traders use the Comex markets, but eight large investment banks control more than half of the paper metals market. These big players are short 412 million ounces of silver, and it’s them versus the world. The thousands of other traders are entirely net-long as they understand this scheme is ending. If these large players were to let silver go, the price would rapidly become a sizeable three-digit number.

He feels these investment banks were caught completely flat-footed by the actions in the market in recent weeks. They have been forced to double down on their shorts to keep the market suppressed. Ed says, “Right now, these guys are fighting for their lives.”

Physical premiums are through the roof if you can even find the metal. The lead times from the mints are growing, and it will be many months before dealers can fully restock. He says, “There is no physical metal to be had…the market is tight everywhere you look.”

If the sleeping giants (aka the industrial users of silver) awaken to what is happening, they will want to buy everything available, making the situation much worse. Those in power are now desperate as these problems could lead to a massive currency crisis worldwide.

He doesn’t believe these banks can cover their shorts, and March deliveries will be very interesting.

Ed cautions, “Things are now in motion that can’t be undone. It’s going to be like the long-term capital management collapse we’re talking trillions, not billions… Hopefully, there is a world left to survive in once this is all over.”

Talking Points From this Episode
– Comex metals market activity.
– Large short positions and extreme risk.
– The suppression scheme is ending.

Time Stamp References:

0:00 – Intro
0:57 – Comex Price Spreads
2:32 – Backwardation
3:30 – Size of the shorts position.
6:45 – Caught off guard
7:57 – Spot vs. Physical Price
9:32 – Don’t Wake the Giants
10:54 – Why suppress the price
13:00 – Confidence & Currencies
14:09 – Forcing the issue
15:40 – JP Morgan’s holdings
17:34 – Causes of the March crash
18:09 – Huge Silver ETF Demand
20:27 – Sourcing the Silver
21:45 – SLV Physical Deliveries
23:06 – Prospectus Changes
24:44 – ETF’s & Finding Metal
25:27 – Disaster Cometh Soon
26:41 – Trillions, too big to fail?
27:40 – Extraordinary Times
28:10 – Wrap Up

WEDNESDAY, FEB 17, 2021 – 6:00

A Silver Price Manipulation Primer

Written by Craig Hemke, Sprott Money News

February 17, 2021

Actually, if you understand this, then the price action often makes sense. If you view the price charts from the perspective of a bullion bank trader, then you can see where technical analysis is used against you, the regular trader/investor. At my site TF Metals Report, we call this “Manipulation Analysis”, and it serves us all quite well. Let’s take recent action as your latest example.

The price of COMEX gold broke out to new all-time highs last August but has since been managed lower within a well-defined downtrend by the market-controlling Banks. And why do they do this? To keep the trend and sentiment moving downward for as long as possible in the hope of managing and covering their massive short positions.

On the chart below, the purple arrow is the upper boundary of the widely-followed “bull flag” on the weekly and monthly charts. It is imperative that The Banks keep price below this line for as long as possible, for any breakout—like the kind that was severely beaten back in early January—will be quickly recognized by traders, and price will begin a new and accelerating uptrend. Be sure to notice that every subsequent rally that has dared tap that flag line has been immediately crushed backward.

But also note the parallel red arrow below it. This line was initially enforced as resistance all through the fourth quarter of 2020, only now it serves as support—most recently on Tuesday, the 16th. The Banks have tried to smash the red arrow, too, but the current rush toward physical metal is prohibiting it. In the end, ALL trends are broken and it’s just a matter of time before this one is, too.

CHemke Analysis

But, anyway, this post is not about COMEX gold. Instead, it’s about COMEX silver and the ongoing, grassroots effort to squeeze the Banks through the acquisition of physical metal. This movement has generated such momentum that The Banks are getting nervous…as plainly evident by the actions of both JPMorgan and Aberdeen in regards to their allegedly “fully backed and allocated” ETFs.

Thanks to @BullionStar and https://t.co/DIvFwhiogM for alerting me to change in #SLV prospectus that let’s [sic] SLV off the hook if it is full of paper instead of #silver. This admission by SLV could be the trigger that launches the silver rocket. More here: https://t.co/w1EabVxOAN pic.twitter.com/0qr5NUj4Cy

— James Turk (@FGMR) February 14, 2021

Now SIVR (Aberdeen Silver ETF 1140 MT AG) has changed its Prospectus 2 Feb, panicking that “an online campaign intended to harm hedge funds & large banks is encouraging retail investors to purchase silver and shares of Silver ETPs to intentionally increase prices” #silversqueeze pic.twitter.com/WyEg7sL7pq

— BullionStar (@BullionStar) February 15, 2021

As an aside, ask yourself why the fund manager Aberdeen would feel the need to voice a concern regarding an “online campaign intended to harm large banks”. What the heck does that have to do with their supposedly fully-allocated silver fund? But I digress…

Since late January, the movement to squeeze The Banks has consistently gained momentum, and I’ve been asked on multiple occasions to compile a list of all the posts I’ve written for public distribution through Sprott Money since 2016. So, here’s the list. Please feel free to sort through, read, and forward as many as possible.

Of course, the length of the list would be much longer if I included everything I’ve written at TF Metals Report since 2010. It would be impossible to compile, too, since we discuss the price manipulation nearly every day. For now, though, let’s just start with the earliest I can find and work forward.

And for good measure, here’s one more link. I can’t find where I ever submitted it to Sprott Money, so I think it was only published to the TFMR site. When you have the time, you should DEFINITELY read this:

Abject Corruption

Anyway, I hope that all of this has been helpful over the years. The fight against the criminal forces that control the precious metal pricing scheme continues, and it is still far from over. However, if we can continue to apply pressure to The Banks through physical metal acquisition, a forced deleverage is coming. When that finally happens, you can be certain that the price discovered through a system that is more based in physical reality will not be $27 per ounce.

As always, prepare accordingly.

A Silver Price Manipulation Primer

Written by Craig Hemke, Sprott Money News

The Big Bluff in Silver – Weekly Wrap Up

Written by Craig Hemke, Sprott Money News

It’s Just a Question of When

Written by David Brady, Sprott Money News

Wild and Tumultuous Week in the Precious Metals – Weekly Wrap Up

Written by Craig Hemke, Sprott Money News

It has been a long ten years, but it seems that the investing world is finally beginning to realize that the globally-recognized prices of gold and silver are managed and manipulated by the Bullion Banks, which operate as market makers within the fraudulent fractional reserve and digital derivative pricing scheme.

Actually, if you understand this, then the price action often makes sense. If you view the price charts from the perspective of a bullion bank trader, then you can see where technical analysis is used against you, the regular trader/investor. At my site TF Metals Report, we call this “Manipulation Analysis”, and it serves us all quite well. Let’s take recent action as your latest example.

The price of COMEX gold broke out to new all-time highs last August but has since been managed lower within a well-defined downtrend by the market-controlling Banks. And why do they do this? To keep the trend and sentiment moving downward for as long as possible in the hope of managing and covering their massive short positions.

On the chart below, the purple arrow is the upper boundary of the widely-followed “bull flag” on the weekly and monthly charts. It is imperative that The Banks keep price below this line for as long as possible, for any breakout—like the kind that was severely beaten back in early January—will be quickly recognized by traders, and price will begin a new and accelerating uptrend. Be sure to notice that every subsequent rally that has dared tap that flag line has been immediately crushed backward.

But also note the parallel red arrow below it. This line was initially enforced as resistance all through the fourth quarter of 2020, only now it serves as support—most recently on Tuesday, the 16th. The Banks have tried to smash the red arrow, too, but the current rush toward physical metal is prohibiting it. In the end, ALL trends are broken and it’s just a matter of time before this one is, too.

CHemke Analysis

But, anyway, this post is not about COMEX gold. Instead, it’s about COMEX silver and the ongoing, grassroots effort to squeeze the Banks through the acquisition of physical metal. This movement has generated such momentum that The Banks are getting nervous…as plainly evident by the actions of both JPMorgan and Aberdeen in regards to their allegedly “fully backed and allocated” ETFs.

Thanks to @BullionStar and https://t.co/DIvFwhiogM for alerting me to change in #SLV prospectus that let’s [sic] SLV off the hook if it is full of paper instead of #silver. This admission by SLV could be the trigger that launches the silver rocket. More here: https://t.co/w1EabVxOAN pic.twitter.com/0qr5NUj4Cy

— James Turk (@FGMR) February 14, 2021

Now SIVR (Aberdeen Silver ETF 1140 MT AG) has changed its Prospectus 2 Feb, panicking that “an online campaign intended to harm hedge funds & large banks is encouraging retail investors to purchase silver and shares of Silver ETPs to intentionally increase prices” #silversqueeze pic.twitter.com/WyEg7sL7pq

— BullionStar (@BullionStar) February 15, 2021

As an aside, ask yourself why the fund manager Aberdeen would feel the need to voice a concern regarding an “online campaign intended to harm large banks”. What the heck does that have to do with their supposedly fully-allocated silver fund? But I digress…

Since late January, the movement to squeeze The Banks has consistently gained momentum, and I’ve been asked on multiple occasions to compile a list of all the posts I’ve written for public distribution through Sprott Money since 2016. So, here’s the list. Please feel free to sort through, read, and forward as many as possible.

Of course, the length of the list would be much longer if I included everything I’ve written at TF Metals Report since 2010. It would be impossible to compile, too, since we discuss the price manipulation nearly every day. For now, though, let’s just start with the earliest I can find and work forward.

And for good measure, here’s one more link. I can’t find where I ever submitted it to Sprott Money, so I think it was only published to the TFMR site. When you have the time, you should DEFINITELY read this:

Abject Corruption

Anyway, I hope that all of this has been helpful over the years. The fight against the criminal forces that control the precious metal pricing scheme continues, and it is still far from over. However, if we can continue to apply pressure to The Banks through physical metal acquisition, a forced deleverage is coming. When that finally happens, you can be certain that the price discovered through a system that is more based in physical reality will not be $27 per ounce.

As always, prepare accordingly.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

A Silver Price Manipulation Primer

Written by Craig Hemke, Sprott Money News

The Big Bluff in Silver – Weekly Wrap Up

Written by Craig Hemke, Sprott Money News

It’s Just a Question of When

Written by David Brady, Sprott Money News

Wild and Tumultuous Week in the Precious Metals – Weekly Wrap Up

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