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Gold SWOT: Gold rallied to a three-week high after U.S. GDP fell 0.9% this week

Gold SWOT: Gold rallied to a three-week high after U.S. GDP fell 0.9% this week

Strengths The best performing precious metal for the week was silver, up 8.88%, likely on short covering around the Federal Reserve hiking the borrowing cost. Gold climbed this week after the U.S. economy shrank for a second consecutive quarter, reports Bloomberg, pushing the dollar and Treasury yields lower. Bullion rallied as much […]

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Gold SWOT: Gold rallied to a three-week high after U.S. GDP fell 0.9% this week

Gold SWOT: Gold rallied to a three-week high after U.S. GDP fell 0.9% this week

Strengths The best performing precious metal for the week was silver, up 8.88%, likely on short covering around the Federal Reserve hiking the borrowing cost. Gold climbed this week after the U.S. economy shrank for a second consecutive quarter, reports Bloomberg, pushing the dollar and Treasury yields lower. Bullion rallied as much

Gold SWOT: Gold rallied to a three-week high after U.S. GDP fell 0.9% this week Read More »

The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’

The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’

With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy. “Now that we’re at neutral, as the process goes on, at some point, it will be appropriate to slow

The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’ Read More »

There Won’t Be Any Winners Because The Status Quo Is Corrupt Everywhere

Systemic corruption on this vast scale optimizes failure and collapse…  by Charles Hugh Smith via Of Two Minds Systemic corruption on this vast scale optimizes failure and collapse. Debating which nations will “win” as the global economy unravels is a popular but pointless parlor game. Since the status quo in every nation is deeply, profoundly, systemically

There Won’t Be Any Winners Because The Status Quo Is Corrupt Everywhere Read More »

The Fed Just Got Rid of Forward Guidance Because It’s Making It Up as It Goes

Ultimately, it’s all just more tinkering, and what the Fed should be doing is… by Ryan McMaken of Mises Institute The Federal Reserve’s Federal Open Market Committee announced Wednesday it is raising its key policy rate—the federal funds rate—by 75 basis points to 2.5 percent. According to the FOMC’s press release, the committee recognizes that economic activity

The Fed Just Got Rid of Forward Guidance Because It’s Making It Up as It Goes Read More »

Gold yet may awaken the rich countries insisting on being poor

Will African governments facilitate this or permit it to be successful for long, insofar as demand for gold is sure to reduce demand for… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: You may recall that your secretary/treasurer long has lamented “the rich countries insisting on being

Gold yet may awaken the rich countries insisting on being poor Read More »

The Wholesale Silver Market Was Just Cleared Out By One Single Buyer

“…the biggest U.S. silver coin deal in history…” Bill Holter interviewed on USA Watchdog by Greg Hunter Whole World is a Banana Republic – Bill Holter A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession.  Holter

The Wholesale Silver Market Was Just Cleared Out By One Single Buyer Read More »

More Food Supply Problems Blamed On “Intense Heat” and “Dry Conditions”

The food supply is still under attack and while the coincidences are off the charts at this point, the “intense heat” and “dry conditions” are…  by Mac Slavo of SHTFplan The food supply is still under attack and while the coincidences are off the charts at this point, the “intense heat” and “dry conditions” are

More Food Supply Problems Blamed On “Intense Heat” and “Dry Conditions” Read More »

2nd man charged for helping fugitive in alleged luxury goods scam flee S’pore illegally

Follow us on Telegram for the latest updates: https://t.me/mothershipsg A second man has been charged with helping 26-year-old Singaporean Pi Jiapeng flee Singapore illegally. Pi and his wife, 27-year-old Thai national Pansuk Siriwipa, are involved in the recent major luxury goods scam in Singapore. Malaysian man charged According to CNA, Mohamad Fazli Abdul Rahman, a 38-year-old

2nd man charged for helping fugitive in alleged luxury goods scam flee S’pore illegally Read More »

What is India International Bullion Exchange, how will it work?- Explainer

India International Bullion Exchange: Prime Minister Narendra Modi inaugurated India’s first International Bullion Exchange (IIBX) at Gujarat’s GIFT (Gujarat International Finance Tec-City) City in Gandhinagar on July 29, 2022. The India International Bullion Exchange is the third such exchange in the world. India’s first bullion exchange will sell physical gold and silver. It was announced in

What is India International Bullion Exchange, how will it work?- Explainer Read More »

TOP Financial Group (NASDAQ:TOP) versus Intercontinental Exchange (NYSE:ICE) Head-To-Head Review

TOP Financial Group (NASDAQ:TOP) versus Intercontinental Exchange (NYSE:ICE) Head-To-Head Review

TOP Financial Group (NASDAQ:TOP – Get Rating) and Intercontinental Exchange (NYSE:ICE – Get Rating) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, institutional ownership, dividends, analyst recommendations, profitability, risk and earnings. Profitability This table compares TOP Financial Group and Intercontinental

TOP Financial Group (NASDAQ:TOP) versus Intercontinental Exchange (NYSE:ICE) Head-To-Head Review Read More »

Gold Lion Acquires New Generation Battery Recycling Technologies

Gold Lion Acquires New Generation Battery Recycling Technologies

Vancouver, British Columbia / TheNewswire / July 25, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the “Company“) ((GL) GLIOF (FWB:2BC) announces that it has signed and closed a share purchase agreement dated July 20, 2022 (the “SPA”) with Sustainable Li-Ion Research Inc. (“SLIR”) and SLIR’s shareholders in respect of a previously announced transaction

Gold Lion Acquires New Generation Battery Recycling Technologies Read More »

Global bullion exchange in Gujarat to help influence rate

By Express News Service GANDHINAGAR:  Prime Minister Narendra Modi on Friday launched the India International Bullion Exchange (IIBX), the country’s first such exchange near Gandhinagar. The exchange will allow traders and jewellers for the first time to directly buy and sell gold on its platform. Till now, gold could be imported only through government-nominated banks

Global bullion exchange in Gujarat to help influence rate Read More »

Here’s Why You Shouldn’t Invest In Gold ETFs

Misled ETF investors expose themselves to the tremendous counterparty risk while unknowingly… by Natalie Laz via Kinesis In this week’s Live from the Vault, Andrew Maguire explores the dubious practices in the ETF market, shedding light on the widespread integrity breaches and rehypothecation of the largely undeliverable, double-counted gold bullion. The London wholesaler thoroughly explains

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Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply

Most commentators believe that through fiscal and monetary stimulus, government can prevent the US economy falling into… by Frank Shostak via Mises By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also held that overall output increases by a multiple of the increase

Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply Read More »

David Morgan Silver Guru – What’s going on with silver? – GoldCore News

“Silver is something that’s needed. It’s essential, it’s imperative, you cannot run a society without silver,” This week we welcome the Silver Guru David Morgan to talk about silver as an investment and its vital role in daily life.  We discuss the silver price, why it remains below $20/oz and what opportunities David sees for

David Morgan Silver Guru – What’s going on with silver? – GoldCore News Read More »

PM Modi inaugurates India’s first bullion exchange at GIFT city, Gandhinagar

Setting up of bullion exchange could lead to standard gold pricing in the country and make it easier for small bullion dealers and jewellers to trade in the precious metal  Setting up of bullion exchange could lead to standard gold pricing in the country and make it easier for small bullion dealers and jewellers to

PM Modi inaugurates India’s first bullion exchange at GIFT city, Gandhinagar Read More »

Indices jump 1.3%; Sensex ends above 57,500, Nifty 17,100; Metal index shines

Indices jump 1.3%; Sensex ends above 57,500, Nifty 17,100; Metal index shines

Asian shares mostly ended in red on Friday with Nikkei ending almost flat. European stock markets advanced at the start of trading Friday, but the news of the German economy shrinking despite an expanding Eurozone might weigh on the market. 29 Jul 2022, 03:44:44 PM IST Indices rally to end the week on a high

Indices jump 1.3%; Sensex ends above 57,500, Nifty 17,100; Metal index shines Read More »

India’s first global gold exchange IIBX to allow jewelers import precious metal

India’s first global gold exchange — India International Bullion Exchange (IIBX) — aims to create a regional bullion hub that will allow more jewelers to import the precious metal, Bloomberg reported on 29 July. The exchange is expected to attract dealers, refineries and foreign banks. The spot exchange will be launched on Friday by Prime

India’s first global gold exchange IIBX to allow jewelers import precious metal Read More »

Crypto platform Zipmex files for bankruptcy protection in Singapore

July 29 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of

Crypto platform Zipmex files for bankruptcy protection in Singapore Read More »

PM launches India’s 1st global bullion exchange in Gujarat, says ‘India standing in line with USA, UK and Singapore’

Prime Minister Narendra Modi on Friday launched ‘India International Bullion Exchange (IIBX)’, the country’s first international bullion exchange at the Gujarat International Finance Tec-City (GIFT City) near state capital Gandhinagar, which he had envisaged and set up as the Gujarat Chief Minister. He also visited India’s first International Financial Services Centre (IFSC) and laid the

PM launches India’s 1st global bullion exchange in Gujarat, says ‘India standing in line with USA, UK and Singapore’ Read More »

All you need to know about India’s first international gold exchange – Times of India

NEW DELHI: Prime Minister Narendra Modi will launch India’s first International Bullion Exchange (IIBX) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday. The exchange will sell physical gold and silver and aims to be set up on the lines of the Shanghai Gold Exchange and Borsa Istanbul in order to make

All you need to know about India’s first international gold exchange – Times of India Read More »

PM Modi opens India’s first international precious metals exchange in Gujarat: The Tribune IndiaNews WAALI

PM Modi opens India’s first international precious metals exchange in Gujarat: The Tribune IndiaNews WAALI

PTI Ahmedabad, July 29 Prime Minister Narendra Modi will visit India’s first International Financial Services Center (IFSC) at Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday. During his visit, Modi will launch the India International Bullion Exchange (IIBX), the country’s first international bullion exchange, the Gujarat government said in a press release. The

PM Modi opens India’s first international precious metals exchange in Gujarat: The Tribune IndiaNews WAALI Read More »

Mint Midday Digest: COVID-19 cases, ITR filing date, cryptocurrency and more

India reported 20,409 new covid cases and 47 deaths in the last 24 hours. Active caseload currently stands at 1,43,988 cases, pushing up the tally of Covid-19 cases to more than 4.39 crore. Read More. Filing I-T return: When do you have to use the ITR-2? As the deadline to file income tax draws even

Mint Midday Digest: COVID-19 cases, ITR filing date, cryptocurrency and more Read More »

Nigeria’s gold value chain needs to be built and integrated – Emiko

Can you speak on what led you to develop SanuCoin technology and journey in the gold mining industry? Kian Smith started in 2011. We started out as a gold exploration company and slowly got into mining and we accidentally entered the space of organising artisanal mining and working with them as well as optimising our

Nigeria’s gold value chain needs to be built and integrated – Emiko Read More »

Energy Prices Will Go Absolutely Nuts This Winter Just As We Plunge Into A Global Economic Crisis

U.S. consumers are going to be feeling a tremendous amount of pain, so are you ready for your power bill to soar into the stratosphere? by Michael Snyder of The Economic Collapse Blog How would you feel if your power bill went up by 50 percent this winter?  How about 100 percent?  Unfortunately, these kinds

Energy Prices Will Go Absolutely Nuts This Winter Just As We Plunge Into A Global Economic Crisis Read More »

Safe Bulkers, Inc. (SB) CEO Polys Hajioannou on Q2 2022 Results – Earnings Call Transcript

Safe Bulkers, Inc. (NYSE:SB) Q1 2022 Results Conference Call July 28, 2022 12:00 PM ET Company Participants Polys Hajioannou – Chairman and Chief Executive Officer Loukas Barmparis – President Konstantinos Adamopoulos – Chief Financial Officer Conference Call Participants Omar Nokta – Jefferies Benjamin Nolan – Stifel Climent Molins – Value Investor’s Edge Operator Thank you

Safe Bulkers, Inc. (SB) CEO Polys Hajioannou on Q2 2022 Results – Earnings Call Transcript Read More »

Sensex Today: Closing Bell: Sensex zooms 1,041 pts; Nifty ends above 16,900; Bajaj twins soar 10% each, Tata Steel 4% – The Economic Times

Sensex Today: Closing Bell: Sensex zooms 1,041 pts; Nifty ends above 16,900; Bajaj twins soar 10% each, Tata Steel 4% – The Economic Times

Sensex Today Live: Indian shares jumped to near two-month highs on Thursday, lifted by gains in non-bank lender Bajaj Finance after its quarterly earnings beat expectations, and as the U.S. Federal Reserve hiked rates on expected lines. The U.S. Federal Reserve’s 0.75 percentage point hike in interest rates, and Fed Chair Jerome Powell’s comments dismissing

Sensex Today: Closing Bell: Sensex zooms 1,041 pts; Nifty ends above 16,900; Bajaj twins soar 10% each, Tata Steel 4% – The Economic Times Read More »

Gold & Silver SKYROCKET As U.S. Has 3 More Months Of Negative Growth (GDP), And The “Print More Money Cash Grab” Deal (Energy & Climate) Is Back From The Dead!

Gold & Silver SKYROCKET As U.S. Has 3 More Months Of Negative Growth (GDP), And The “Print More Money Cash Grab” Deal (Energy & Climate) Is Back From The Dead!

What do you do when you want to print up a bunch of money for yourself and your bestest buddies? (by Half Dollar) If you believe the numbers, GDP in the USA just came in negative for the second quarter in a row. Of course, smart, thinking people understand what the numbers really are: Although

Gold & Silver SKYROCKET As U.S. Has 3 More Months Of Negative Growth (GDP), And The “Print More Money Cash Grab” Deal (Energy & Climate) Is Back From The Dead! Read More »

Global Polybutadiene Market to Grow at a CAGR of ~5% during 2022-2031; Market to garner USD ~17 billion in Revenue by 2031 on the Back of Rising Trend of Low Rolling Resistance and Enhanced Performance Tires

Global Polybutadiene Market to Grow at a CAGR of ~5% during 2022-2031; Market to garner USD ~17 billion in Revenue by 2031 on the Back of Rising Trend of Low Rolling Resistance and Enhanced Performance Tires

Kenneth Research Key Companies Covered in the Polybutadiene Market Research Report by Kenneth Research are ARLANXEO, JSR Corporation, UBE Corporation, Saudi Basic Industries Corporation, LG Corp., SIBUR Holding PJSC, China Petrochemical Corporation, KURARAY CO., LTD., ZEON CORPORATION, Fineotex Chemical Ltd., and other key market players. New York, July 28, 2022 (GLOBE NEWSWIRE) — According The

Global Polybutadiene Market to Grow at a CAGR of ~5% during 2022-2031; Market to garner USD ~17 billion in Revenue by 2031 on the Back of Rising Trend of Low Rolling Resistance and Enhanced Performance Tires Read More »

Timeline: How a couple fled Singapore after millions were lost in Tradenation luxury goods scam

Jul 4, 2022: Pi and Pansuk allegedly leave Singapore by hiding in the container compartment of a Malaysia-registered lorry. Jul 13, 2022: Lorry driver Mohamed Alias, 40, is arrested for helping Pi and Pansuk leave the country illegally. Jul 15, 2022: Alias is charged with helping Pansuk to leave the country. Jul 20, 2022: The

Timeline: How a couple fled Singapore after millions were lost in Tradenation luxury goods scam Read More »

4 BNPL apps in M’sia, ranked by someone who actually made purchases through them

4 BNPL apps in M’sia, ranked by someone who actually made purchases through them

Disclaimer: This article is for educational and informational purposes only. It is not intended to be a substitute for financial advice. Readers are encouraged to do their own research before arriving at any conclusions based solely on this content. Vulcan Post disclaims any reward or responsibility for any gains or losses arising from direct and

4 BNPL apps in M’sia, ranked by someone who actually made purchases through them Read More »

U.S. Treasury Secretary Yellen: “Recession” Doesn’t Mean What You Think It Means

Yellen wants to keep the word “recession” out of the headlines, but if wages continue to fall behind inflation, and if… by Ryan McMaken of Mises Institute In September 2008, the worsening global financial crisis hit a new phase when Lehman Brothers collapsed and it became undeniable that “hard times” had arrived for most ordinary

U.S. Treasury Secretary Yellen: “Recession” Doesn’t Mean What You Think It Means Read More »

Gold & Silver Prices Moved Slightly Higher As Fed Blames Everything But Itself And The US Government For Inflation

Gold & Silver Prices Moved Slightly Higher As Fed Blames Everything But Itself And The US Government For Inflation

The Fed has just decided, uh-huh, to hike rates by a whole 0.75% and blame the “elevated” inflation on the Zombie Apocalypse, still, as well as… (by Half Dollar) The Fed has just concluded its most recent 2-day FOMC meeting. Here’s the Fed’s statement, posted in its entirety (bold added for emphasis and commentary): Recent

Gold & Silver Prices Moved Slightly Higher As Fed Blames Everything But Itself And The US Government For Inflation Read More »

LBMA Silver Inventories fall to a near 6 Year Low below 1 billion ounces

LBMA Silver Inventories fall to a near 6 Year Low below 1 billion ounces

One trend in the precious metals markets which has yet to get widespread coverage but deserves more attention is the plummeting inventories of physical silver in the London vaults of the London Bullion Market Association (LBMA). These LBMA vaults comprise vaults in and around London run by the bullion banks JP Morgan, HSBC and ICBC

LBMA Silver Inventories fall to a near 6 Year Low below 1 billion ounces Read More »

Gold, Silver Miners, And 18% “Sticky” Inflation

Whatever the Fed does Wednesday, gold is in good shape… by Stewart Thomson of Graceland Updates 1.   What will the Fed meet bring for the major markets? 2.   Please click here now.  Double-click to enlarge this Brent crude oil chart.There’s an inverse H&S bottom in play and Brent may be leading the price of Texas crude because of the

Gold, Silver Miners, And 18% “Sticky” Inflation Read More »