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Jason Burack: Central Banks Have Bought 164 Tons of Gold So Far In 2021, Russia Will Now Buy A Lot More Too?

June 10, 2021 / marketsanity.com

May's data is not in yet, but through April 2021, central banks have bought a net 164 tons of physical gold. World Gold Council tracks central bank gold purchases (Q1 2021 numbers) here: https://www.gold.org/goldhub/research...Central Banks Add Another 69 Tons of Gold to Reserves in April https://schiffgold.com/key-gold-news/...Russia lines up new Gold Buying through its Sovereign Wealth Fund http...Read More

Doug Casey: Mining Stocks Will Become Epic Bubble

June 10, 2021 / marketsanity.com

0:00 - Introduction0:52 - Alt. Education5:19 - Speculating in Mining8:41 - Private Placements14:09 - Bubbles & Stimulus15:22 - Stimulus Storm17:06 - Bitcoin & Sound Money21:06 - Transitory Inflation?24:34 - MMT & UBI26:14 - Unintended Consequences28:26 - Climate Change & Lockdowns31:40 - Western Understanding33:30 - Diversifying Your Risk37:26 - Book Series40:39 - Concluding Thoughts41:43 - Wrap U...Read More

Nick Santiago reacts to Thursday's inflation data release

June 10, 2021 / marketsanity.com

1. CPI number comes in slightly hotter than expected. Total CPI increased 0.6% month-over-month in May. Core CPI, which excludes food and energy, climbed to 0.7%. This number could be the catalyst for yields rising by 3 basis points on the 10-year U.S. Treasury Note to 1.518%. Yields are back to flat. 2. Initial weekly jobless claims.Initial Weekly Jobless Claims for the week ending June 5th decre...Read More

IN CASE YOU MISSED IT: 5 key stories from June 10

June 11, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More

George Gammon: Is Inflation "Transitory?" (Answer Revealed)

June 09, 2021 / marketsanity.com

George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More

Sen. Lindsey Graham: Trump Would Have Won 2020 Election If Wuhan Lab Leak Theory Was Proven

June 10, 2021 / marketsanity.com

"If COVID-19 had come about due to a Chinese lab leak, the top question on voters' minds in the 2020 election would have become who was going to stand up to China. Which candidate would hold the Chinese Continue...Read More

VIDEO: 10 Cops Confront One Maskless Man in London Subway Station

June 10, 2021 / marketsanity.com

"Ten coppers have restrained one man," says the man filming the video."It's a free country, I can do whatever I want, it's just about a free country," he states.Continue...Read More

Wolf Richter: Dollar's Purchasing Power Plunged at Fastest Pace since 1982. It's "Permanent" not "Temporary," Won't Bounce Back

June 10, 2021 / marketsanity.com

But it's a lot worse than it appears. The Consumer Price Continue...Read More

Martin Armstrong: Vaccinated people are being told not to travel because of the danger of blood clots?

June 10, 2021 / marketsanity.com

Could this have been one of the objectives - to end air travel by increasing the risk of flying high? Continue...Read More

Looks Like Jim Rickards Was Right

June 07, 2021 / marketsanity.com

This time last year, I was researching and writing my latest book, The New Great Depression. The book is mostly aboutContinue...Read More

Jill Biden posts photo of her sitting at the POTUS desk aboard Air Force One

June 10, 2021 / marketsanity.com

Don't worry, Dr. Jill is in charge now. This normally wouldn't matter, but since it's become painfully aware that Joe Biden is suffering from at least partial mental decline, this photo takes on aContinue...Read More

Chipotle Menu Price Hike Spotlights Inflation Problem

June 10, 2021 / marketsanity.com

This week, the restaurant company announced menu price hikes of about 4% to cover the higher wages. Now people are angry that they're going to have to pay more for a burrito.Continue...Read More

'Trump Won' banner unfurled at Marlins game

June 10, 2021 / marketsanity.com

The 'Trump Won MLB Tour' continues ! Las night stop Miami, Florida.Triggering the libs in 4 baseball parks now.Continue...Read More

HUGE study from U.S. Hospital System - 'There is no benefit to vaccinating patients who previously had Covid'

June 08, 2021 / marketsanity.com

Scientists from the Cleveland Clinic have recently evaluated the effectiveness of coronavirus disease vaccination among individuals with or without a history of Continue...Read More

France's Macron Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa

June 10, 2021 / marketsanity.com

Macron told a news conference he would like the sale of gold reserves to help finance this planned aid for Africa.Continue...Read More

First European Physical Gold ATM Opens In Prague, Czech Republic

June 10, 2021 / marketsanity.com

Buying was fast and simple. You select which gold bar you want, then feed the machine bank notes and hit purchase.Continue...Read More

TURKEY STEEL BILLET: Domestic, export prices down on limited demand

June 11, 2021 / www.metalbulletin.com

Turkish steel billet prices in both the local and export markets have decreased over the past week on limited demand, market participants said on Thursday June 10.Long steel prices in the country, on the other hand, increased slightly during the week because of higher materials costs.Most market participants in Turkey expected billet prices to increase in the next few weeks as well, because of inc...Read More

Traders try to re-route Indian billet cargoes amid logistics challenges

June 11, 2021 / www.metalbulletin.com

Some traders continue to look for alternative buyers for Indian steel billet cargoes outside of the Chinese market amid problems shipping from India to China, sources told Fastmarkets.High Covid-19 cases in India have threatened to choke the export business from India's east coast amid rising freight rates and cases of Indian vessel rejections at Chinese ports, sources said.Traders continued...Read More

What Is Driving Gold?

June 10, 2021 / www.theaureport.com

Money manager Adrian Day looks at two factors that have been moving gold, and provides updates on several resource companies he believes are progressing in this strong market, with some "strong buys" among the group. The recent jump in the Consumer Price Index (CPI) generated a lot of attention, with consumers noticing a wide range of price increases while the Federal Reserve and its apologists i...Read More

Firm Has the Funds to 'Get Juanicipio Across the Finish Line'

June 10, 2021 / www.theaureport.com

A BMO Capital Markets report discusses MAG Silver's financial position and the Juanicipio joint venture. In a May 18 research note, BMO Capital Markets analyst Ryan Thompson reported on MAG Silver Corp.'s (MAG:TSX; MAG:NYSE A) available cash relative to its share of remaining capex for the company's Juanicipio joint venture (JV) project with Fresnillo. Thompson noted that MAG had US$94 million in...Read More

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