Price: No Free Market in Gold ~ Constant State Intervention

Hugo Salinas Price

A logical analysis of daily action in the NY gold market reveals constant intervention by the US/British banking Mafia, to drive the price of gold down: a free-market price of gold would have the undesireable consequence of revealing the worthlessness of the US Dollar, which cannot be allowed to happen, as the US Dollar underpins the worth of the currencies of the rest of the World.

In an authentic free market, most buyers of gold want to obtain as much gold as possible, in exchange for the currency they tender in payment. Therefore, most rises in the price of gold take place slowly; however, some buyers of gold wish to obtain as much gold as possible, at any price and as soon as possible, and this causes swift, nearly vertical rises in the price of gold as registered on the graphs.

NOTE: Due to the insanity of the Morgana website throughout this week, we chose to publish the entirety of this column on one of our other sites. We are now fully (?) up and operational once more and we apologize for the inconvenience. ~ Ed. (Continue to Mr. Price’s complete analogy…)

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Price: The Bitcoin Game

I am not a fan of Bitcoin, for several reasons:

1. Bitcoin relies on the continued existence of a worldwide electronic Internet.

In the event of WAR, the Internet will go down instantly. Goodbye, Bitcoins! Continue reading

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November 30, 2020: The end of???

DEheadlines_orig

The U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation
If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes. At this moment, the dollar is still the primary reserve currency of the world, and the fact that we control it is an absolutely massive advantage for us. Because the rest of the globe uses dollars to trade with one another, that creates a tremendous amount of artificial demand for our currency, and it keeps the value of our currency elevated at a level that it much higher than it otherwise would be.

But now that we are starting to act like the Weimar Republic in their heyday… (Continue to full article)

$1,000 Move in Gold and Silver To Double From Here by 2024
If you ignore the light at the end of the tunnel and come-to-find-out it’s a train not an exit, who’s problem is that? When a criminal tells you he is going to break into your house, you ignore the warning, who’s problem is that? When the defact-o mouthpiece of the company that rigs the acquisition cost of gold and silver tells you, not only the direction the rigging is going, but the timeline in which it will happen and you don’t make the necessary adjustments, who’s problem is that?… (Continue to full article)

Why Gold Prices Could Be Set For Another Rally
Gold plunged below $1,800. What does this imply for the gold market? This week hasn’t been great for gold. The price of the yellow metal plunged then from $1,840 to $1,780. Actually, November was an awful month for gold prices, which dropped from a local peak of $1,941.

So, what happened? Well, it seems that the positive news of the vaccines eliminated the negative tail-risk related to the pandemic. In consequence, the safe-haven demand for gold declined. On the other hand, the price of Bitcoin has jumped recently as investors increased their risk appetites. Moreover, the elections results also reduced the uncertainty in the marketplace. In other words, the economic outlook is improving as the uncertainty clouds begin to part. Sey WHAT??? (Continue to full article)

Jobless claims rise to 778,000 as pandemic worsens
The Labor Department’s report Wednesday said jobless claims climbed from 748,000 the week before. Before the virus struck hard in mid-March, weekly claims typically amounted to roughly 225,000. They shot up to 6.9 million during one week in March before dropping yet remain historically high more than eight months later, with many businesses unable to fully reopen… (Continue to full article)

How much lower can gold price go?
Gold has broken a critical support level, but there is not much downside left, said Alain Corbani, portfolio manager of Finance SA, who forecasts $2,500 an ounce for gold’s upside target.

The metal will be caught between conflicting macroeconomic forces next year: slightly higher negative real interest rates, but a weakening U.S. dollar.

Frankly – we don’t care – It’s time to BUY!!! (Continue to full article)

Why silver will shine bright in 2021
While gold may be slipping, analysts are constructive on silver in 2021.

With a pick-up in the global economy, industrial demand for silver should increase. Bank of America predicted $29 oz. CIBC sees $32 oz. As of recording this on Friday at noon, spot silver is just above $22.

With a Biden administration in the White House, more investment in green tech like silver-dependent solar panels is expected… (Continue to full article)

When you gotz da Blues… You LISTEN to the Blues…

“Gold, Mr. Bond.”

Interest Rates Make It Impossible To Save For Retirement – Got Gold?
We’re told easy money will bolster the economy as consumers and businesses take advantage of low rates and spend but if you’re trying to save money, this is anything but a boon.

This isn’t only a problem for people hoping to save enough money to live comfortably in their golden years. It also bodes poorly for the broader economy. Savings provide resources for capital investment and future economic growth. Lack of saving now could mean a weaker economy later… (Continue to full article)

A Key Time For Gold
There are multiple factors at play: The more obvious is that market participants thought Gold to be a safety hedge in an uncertain world and with Covid vaccines being announced weekly that uncertainty is being presumable priced out of the market and the safety hedges unwound.

Yet Gold has also been presumed to be a central bank currency printing trade as the dollar is being pounded into the ground. That correlation worked all year but has stopped working as both dollar and Gold have been dropping together lately and that has to be concern for Gold longs. If Gold can’t rally with the dollar dropping then when can it rally?

This is where technicals are coming in and they suggest a key time for Gold… (Continue to full article)

Covid Is Not The Threat
The only reason that the “pandemic” continues is that Western public health officials are financially tied in one way or another with… The reason is that so-called public health officials are shills for Big Pharma’s profits, and Big Pharma regards good immune systems as a hindrence to profits. (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 623 – 327 – 1778

gold@morganapreciousmetals.com

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End of the Line: November 17 2020

DEheadlines_orig

Goldman, Citi See Dollar Sliding In 2021, Plunging As Much As 20%
Wall Street latest top consensus trade for 2021 has quickly emerged as a dollar short. After Deutsche Bank flip-flopped on its view for the dollar, first closing out its long-running dollar short then reversing itself just days later and renewing its USD short , other banks have joined the bandwagon expecting a major drop in the world’s reserve currency in the coming year.

…and what will this do for Gold and Silver????? (Continue to full article)

Schiff: Can America Really Take A Paid Vacation Funded By Uncle Sam?
This is the type of nonsense that actually gets discussed now. Because everybody thinks, well, it doesn’t matter, because the federal government is going to pay for it…… (Continue to full article)

Bank Analyst Puts Bitcoin Price Prediction “As High As $318,000”
While long called “digital gold” by crypto fanatics, Bitcoin has so far been a poor store of value (due to its infamous price swings) or medium of transfer and has emerged as a trading vehicle instead. However, as per Fitzpatrick, such a backdrop is exactly what primes the asset as one that would sustain an eventual “long-term trend.”… (Continue to full article)

Dershowitz: Trump May Try To Deny Biden 270 Electoral Votes, Put Election In Congress
Trump hasn’t signaled in public about his chances of securing 270 votes due to several legal challenges.

“What he’s trying to do is to deny Joe Biden 270 votes, by challenging in Pennsylvania, Georgia, in Nevada, in Michigan, in Arizona,” Dershowitz said, adding that not allowing Biden to reach 270 out of 538 votes would eventually force House state delegations to vote, where Republicans have an advantage over Democrats. Currently, the GOP has a 26-23-1 state delegation majority in the House of Representatives.

“If he can keep the Biden count below 270, then the matter goes to the House of Representatives, where, of course, there is a Republican majority among the delegations of states, and you vote by state if it goes to the House,”… (Continue to full article)

Wild Ride for Used Cars & Trucks in Weirdest Economy Ever
The prices of used cars and trucks that are sold at wholesale auctions around the US dropped again in the week ended November 8, compared to the prior week, the 12th week in a row of week-to-week declines that followed a historic 36% spike from April through mid-August, according to data reported by J.D. Power on Thursday. Wholesale prices are now down over 8% from that peak but are still 6% higher than they’d been at the beginning of March. What a historic trip… (Continue to full article)

Get ready for the “Work From Home” Tax
Once upon a time, long long ago in a dreamworld far far away, banks actually used to be capitalists.

They were wealth creators. They wanted to do business with their customers. They facilitated important trade and commerce. They acted responsibly and conservatively with other people’s money.

Now it’s a totally different story… (Continue to full article)

Gold’s story is not over
After a precipitous vaccine news-driven decline, gold’s current price levels still leave unanswered questions,” RBC’s commodity strategists wrote last week. “Despite seemingly buoyant markets, we do not think that investors have forgotten their fear; thus gold’s story is not yet over amid ongoing the economic, financial and political uncertainty… (Continue to full article)

Federal Reserve Chair Jerome Powell Admits The Truth: “We’re Not Going Back To The Same Economy”
Jerome Powell is admitting that the boom years are over. For months, I have been trying to explain to my readers that the debt-fueled “prosperity” that we were enjoying prior to the COVID pandemic won’t be coming back…

Despite stimulus package after stimulus package, and despite unprecedented intervention by the Federal Reserve, we continue to be mired in the worst economic downturn since the Great Depression of the 1930s. Fear of the virus continues to drag down the overall level of economic activity, more businesses are going under with each passing day, and the layoff announcements never seem to end (Continue to full article)

US Kicks Off New Fiscal Year With $284 Billion Deficit
The federal budget deficit was about twice as large in October as it was in the same month a year ago, the U.S. Treasury Department announced Thursday.

The deficit totaled $284.1 billion in the first month of fiscal year 2021, compared to $134.5 billion in October the year before. Revenue was 3.2% lower on a year-over-year basis, and spending was 37.3% higher… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday on Republic Broadcasting Network. Jeffrey Bennett, host of the program sharies over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 623 – 327 – 1778

gold@morganapreciousmetals.com

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For What It’s Worth: November 11, 2020…

DEheadlines_orig

What We Don’t Elect Matters Most: Central Banking and the Permanent Government
If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: are owned by a few big banks Federal Reserve, run by a handful of technocrats, and the immense National Security State, a.k.a. the Permanent Government. These entities operate the Empire which hosts the electoral games for the entertainment and distraction of the public… (Continue to full article)

Gold is still inching toward record high levels despite volatility
Gold prices tumbled on Monday after the Pfizer-BioNTech coronavirus vaccine news sparked a broader market rally. Investors fled safe haven assets like gold, which had surged on worries about the pandemic, but the price of the gold is still hovering just under $1,900 an ounce — not far from all-time highs above $2,000 earlier this year.

While gold has been volatile, it has benefited from many of the same trends that have lifted bitcoin as well as silver, platinum and other precious metals the past few months. And many analysts are confident gold will just keep on climbing… (Continue to full article)

Doing Peggy Lee Justice ~

Silver Eagle Sales Up Another 1 Million In November & Gold Eagle Sales Remain Strong
Another week and another 1 million Silver Eagles were sold by the U.S. Mint. In the first ten days of November, sales of Silver Eagles are nearly six times higher than the total for November 2019. With premiums now down in the $4-$6 range, investors continue to acquire… (Continue to full article)

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We Are Pawns In A Bigger Game Than We Realize

Understanding the coming ‘Great Reset’

“I had grasped the significance of the silence of the dog, for one true inference invariably suggests others…. Obviously the midnight visitor was someone whom the dog knew well.” ~ Sherlock Holmes, The Adventures of Silver Blaze

Is it possible to make sense out of nonsense?

So much these days is an incoherent mess. It’s complete nonsense.

Page 1 excitedly beams about a glorious rebound in GDP. Yay economic growth!

Page 2 worryingly notes the near complete failure of Siberian arctic ice to reform during October and that hurricane Zeta (so many storms this year we’re now into the Greek alphabet!) has made punishing landfall.

Each is a narrative. Each has its own inner logic.

But they simply do not have any external coherence to each other. It’s nonsensical to be excited about rising economic growth while also concerned that each new unit of growth takes the planet further past a critical red line. (Continue…)

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U.S. Moves Closer To Digital Dollar

On June 30th, 2020, the Senate Banking Committee held a hearing on the future of the digital dollar. The pressures to create a digital USD are mounting as China recently began testing its own digital currency – the DCEP, which will be included in popular applications like WeChat and AliPay. Of particular concern is widespread adoption of a digital yuan in emerging markets and in international trade. Continue reading

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November 2, 2020: The Eve of Destruction?

DEheadlines_orig

The next bear market will be the worst in at least 78 years
Jim Rogers once again hammered home the idea that the flood of money flowing from central banks are artificially keeping markets around the world afloat. He’s been calling for a nasty selloff for a while now!

“This is probably the worst [crisis] that I have seen in my lifetime, because everything collapsed and you had politicians and media and everybody overreacting in my view, and everybody closed down. We’ve had many epidemics in history, but never before did they close McDonalds, never before did they close all the airlines.”… (Continue to full article)

2020 Is 82% Finished
The Banks will fight every uptick in the final days in order to keep gold from finishing the quarter and the year with a price that begins with a “2”…

The year 2020 has been a disaster on so many levels that it’s almost impossible to summarize. However, one thing that has been a positive is the continued rally in the precious metals. After a 2019 that acted a lot like 2010, we speculated last January that this year would see more of the same. While we couldn’t have predicted the Covid Crisis, we did predict $1800 gold in 2020…and price has so far surpassed that goal by about 15%!… (Continue to full article)

The Fed’s Balance Sheet May Be Headed to $40–$50 Trillion
Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some people believe that, but if the economy was so great why did the Fed keep interest rates at zero and its balance sheet at $4 trillion?

The world’s central banks must take whatever paper governments issue. The result by the end of the decade will be… (Continue to full article)

Gold and Silver Prepare For Another Price Advance
As we continue to near the November 3rd election day, Precious Metals have continued to trade within a narrow range suggesting price support is staying strong. It is my belief that potential downside risks for Gold and Silver will be relatively short-lived after the election. We believe the broad market decline witnessed on October 26, 2020, where the Dow Jones fell over 700 points, coupled with the fact Gold and Silver barely budged throughout the selloff, suggests support for Precious Metals has reached a “battle line”… (Continue to full article)

“de Shadow knows…”

The Dow Has Lost 1,815 Points in the Past Three Trading Sessions: The Wall of Worry It Was Climbing Has Become a Wall of Chaos
On Monday the Dow Jones Industrial Average closed down 650 points. On Tuesday, the Dow lost another 222 points. Yesterday, the Dow closed near the lows of the day, plunging 943 points by the closing bell. The pain was broad-based with only one of the Dow’s 30 component stocks closing in the green: that was The Travelers Companies, a property and casualty insurer. Market sentiment has turned bearish in no small part because of the unrelenting pandemic, the lack of a new stimulus bill from Congress, and the selloff in oil… (Continue to full article)

JP Morgan the Pirate (Jamie Dimon)

Despite Its Five Felony Counts, the Federal Reserve Has Entrusted $2 Trillion in Bonds to JPMorgan Chase
Imagine that your neighbor across the street had been criminally charged with five felony counts for financial crimes in the past six years and admitted to committing each and every crime to the U.S. Department of Justice. Would you put one-third of all of your money in a safe, give that neighbor the combination, and ask him to hold the safe in his house for you? You would probably be suited up for a straight jacket if you did something like that. That’s effectively what the Federal Reserve, the central bank of the United States, has done when it comes to JPMorgan Chase… (Continue to full article)

Gold and silver both trade higher heading into the European open
Heading into the European cash open gold (0.32%) and silver (1.33%) are trading higher. There are lots of key data points this week but the main event has to be the US election. At the moment Joe Biden (Democrat) is leading in the polls but some of the key swing states are looking too close to call. According to the New York Times/Siena College polls, Biden leading the race in Pennsylvania, Florida, Arizona and Wisconsin, a quartet of key swing states that Trump carried in 2016. Conversely, FOX News is reporting that Biden’s lead in the polls has narrowed to just 8 points, it does look like this election could go down to the wire… (Continue to full article)

Take a Deep Breath… and prepare for the end – or the beginning!

Do We Really Need More Stimulus to Print More Millionaires & Billionaires, Enrich Fraudsters, Balloon the People who need support, should get support. As for the rest? On my soapbox, wildly wagging consumer income and spending data.
Weirdest economy ever, powered by stimulus money, and the now expired extra unemployment money, and money from rents-and-mortgage-payments-not-made, and money from cash-out mortgage refis of at record low interest rates. And folks “in aggregate” – all mixed together, with all inequalities papered over – are spending record amounts on goods, a lot of which are imported, but they’re not spending on services – not because they don’t have the money but because they have Pandemic-reasons for not buying those services… (Continue to full article)

Gold Is the Winner of the U.S. Presidential Election
If we take a look at the Federal Reserve’s balance sheet and how it’s exploded under this cycle compared to 2008–2009, simple math would suggest in the next three years gold could be $4,000/ounce. The other big part is the inflationary number, because it’s changed several times. If you use the inflationary algorithm, when gold hit $850 and silver $50, inflation was over 18%, today we have inflation running 8% so gold would be valued about $7,000. So I comfortably feel that in the next three years, in this next cycle, we could see gold double from here based on just the U.S. money printing… (Continue to full article)

Now Even Goldman’s Saying To Buy Silver
For years, the investment banks have talked about gold and silver as if you had to be a lunatic nut-wing to buy either of them.

But now, a rapidly growing group of investment banks, including Goldman Sachs, is even talking about $50 silver… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 623 – 327 – 1778

gold@morganapreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on November 2, 2020: The Eve of Destruction?