More Proof The Elites Have Lost Control Of Gold and Silver

Are gold & silver really breaking free from the price suppression? Join Mike & Half Dollar as they dive into fresh new evidence which suggests the cartel is losing control of the "markets". 

In addition to this new evidence, additional topics discussed include: 

- Fed Chair Jerome Powell's Q&A session with Congress going on today and tomorrow. 

- Big changes are coming down the pike as evidenced by the recent shakeups at major central banks and institutions around the world, including the latest developments from just yesterday. 

- How safe are pension plans are retirement systems? - What is the end game for the US dollar? 

- Debunking the "1 oz of gold buys a fine suit" myth. For discussion on those topics and a whole lot more, including addressing some comments and questions in the chat, tune-in to today's show in its entirety.

- Source, Silver Doctors

Trapped: Are You In An Illiquid Fund Full Of Ghetto Bonds?

Trapped! Are You In An Illiquid Fund Full Of “Ghetto Bonds”? Trump’s best cheerleaders & supporters - The angry, crowded democrat candidates. DOW has best June in 81 years (on low volume) Safe haven investors flee into cover. Will SWIFT be swiftly replaced?

- Source, Golden Rule Radio

Everyone Needs Exposure To Gold and Silver, Heres Why

Thanks for watching this Silver Doctors Interview. Share your thoughts below and make sure to click the subscribe button to join the Silver Doctors Community. 

Today's guest, Simon Popple, joins us to share his thoughts on the economy and the importance of everyone having exposure to gold and silver. He believes the time is approaching where to much debt will lead to the financial ruin of everyone not holding metals.

- Source Silver Doctors

Michael Pento: The FED Will Crush the Dollar

Today's guest, Michael Pento, joins us to share his thoughts on the economy and how the Federal Reserve's monetary policy will crush the dollar like a sledgehammer.

- Source, Silver Doctors

We Are in a Gold Bull Market that May Well Last 20 Years

Collin Kettell fills in for Kerem and interviews Jordan Roy-Byrne about the potential of a new bull market in gold. Jordan is not sure how long this particular move will last, but it could be a big one that lasts at least the next six months to a year. 

Jordan has said previously, “The market will move when the Fed cuts rates, because gold rises with declining interest rates or rising inflation rates.” He says, “This is now playing out exactly as it should, but it’s too early to determine how long it will last. The days of a thousand dollar gold are long gone. We are just at the start of something that is going to be historical and last the next fifteen plus years.”

- Source, Palisade Radio

Gold, Cryptos, Censorship, & Strategic Relocation

Jim Rawles, founder of SurvivalBlog.com, returns to Reluctant Preppers to bring us up to date on these hot topics: 

- Gold, Silver, and Platinum: Still Undervalued? 

- Cryptos: portable and undetectable? 

- Internet Censorship to be weaponized for 2020 elections, but there’s a NEW UNSTOPPABLE ALTERNATIVE...

- Strategic Relocation on the surface of the Real-Estate bubble: what’s a family to do? 

- Going mobile: several surprising options for survival get-out vehicles.

- Source, Reluctant Preppers

What to Expect From the Gold Price Ahead of G-20

With global growth worsening and the trade war tensions intensifying, a rise in gold prices could be coming by September, according to Bill Baruch, founder and president of Blue Line Futures. 

“Global growth has been deteriorating for a while, and now it’s the trade war just speeding the process up,” Baruch said. “If we see progress on the trade war, then the dollar could sell off, and gold lifts higher.” 

Baruch also said gold could see levels of $1,484 over the next two months, as the path of least resistance is both technically and fundamentally higher. After that, gold could see some seasonal resistance. 

“Looking at the Fed being more dovish than expected in the meeting last week, ultimately that helped lift gold higher, by putting a little bit of pressure on the dollar,” he said. 

“The dollar hasn’t really sold off, and one of the reasons why is because there’s a lot of safe-haven tailwinds in the dollar because of the trade war.” “This is a bullish breakout above the five-year trend,” Baruch noted. 

“It’s a matter of where we go from here in the sense of holding support, and a more immediate term move higher, or consolidation before moving higher.”

- Source, Kitco News

Despite Pullback, One Man Says Gold Price May Retest Record High Of $1,921

On the heels of King World News warning on Tuesday that the gold market may correct in order to consolidate recent gains, the price of gold is trading nearly $20 lower on Japan’s TOCOM. But here is a look at the big picture from one man that says gold may retest its record high of $1,921.

From CNBC: “Bigger picture though, given the magnitude of the base which has taken six years to form, we suspect we could even see a retest of the $1921 record high,” David Sneddon, global head of technical analysis at Credit Suisse, said in a note to clients on Monday.

Credit Suisse: Gold May Retest Record High Of $1,921

Expect “Long-Lasting Rally” In Gold

Sneddon said gold has established a multi-year base that could provide the platform for a “significant and long-lasting rally” for the precious metal.

“Significant Catalyst For Gold To Extend Its Gains”

“We have finally seen more conclusive signs of the USD starting to materially weaken,” said Sneddon. “With the DXY removing pivotal support from its 200-day average to complete an important bearish ‘wedge’ reversal, which should provide a fresh and significant catalyst for Gold to extend its gains.”

- Source, King World News, Read More Here

Harvey Organ: $20 Silver Blows Up the Banks Before the End of 2019

Hey there stackers and other smart investors!

Here’s a very important interview about the current state of the gold & silver markets.

And what is the state of the markets?

Oh, they’re only blowing up! During this interview, we discuss:

– Comments on recent gold & silver price moves.
– Discussion on current state of gold & silver markets.
– $20 silver blows-up the banking system.
– Gold quickly to $2,000, then reset to $10,000 per ounce.
– COMEX & LBMA breaking…game’s over.

- Source, Silver Doctors

Gold to Silver Ratio is Indicating a Potential Recession

With the gold-to-silver ratio as high as it is (at the time of recording it is over 90 times), Rhona O’Connell, from INTL FCStone Ltd, says watch out.

- Source, IG UK

Global Money Laundering Watchdog Launches Crackdown on Cryptocurrencies...

Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector.

Financial Action Task Force (FATF), set up 30 years ago to tackle money laundering, told countries to tighten oversight of cryptocurrency exchanges to stop digital coins being used to launder cash.

The move by FATF, which groups countries from the United States to China and bodies such as the European Commission, reflects growing concern among international law enforcement agencies that cryptocurrencies are being used to launder the proceeds of crime.

Countries will be compelled to register and supervise cryptocurrency-related firms such as exchanges and custodians, which will have to carry out detailed checks on customers and report suspicious transactions, FATF said in a statement.

“This will enable the emerging FinTech sector to stay one-step ahead of rogue regimes and sympathizers of illicit causes searching for avenues to raise and transfer funds without detection,” U.S. Treasury Secretary Steven Mnuchin told a FATF meeting in Florida, according to remarks posted on the U.S Treasury website.

Simon Riondet, head of financial intelligence at Europol, the European police agency that coordinates cross-border investigations, told Reuters he saw a growing use of cryptocurrencies in laundering criminal money.

“This is a risk we all face worldwide,” FATF President Marshall Billingslea told Reuters. “Nations need to move forward rapidly. This is an urgent issue.”

Europol broke up a Spanish drugs cartel this year that laundered cash using two crypto ATMs, machines that issue cryptocurrencies for cash.

Riondet said cryptocurrencies were used to transfer money across borders, as well as to break down large criminal money transfers into smaller amounts that are harder to detect.

“We also have some investigation on the dark web in which the payments are made in cryptocurrencies, sometimes in bitcoin, and they are switching it to more anonymized cryptocurrencies,” he said...

- Source, Reuters, Read More Here

ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters

Draghi’s shenanigans get hilarious, months before his term ends.

So here’s ECB President Mario Draghi, whose term ends in October, and he’s at the ECB Forum in Portugal, and in a speech on Tuesday titled innocuously, “Twenty Years of the ECB’s monetary policy” – so this wasn’t a press conference after an ECB policy meeting or anything, but a speech on history at an ECB Forum – he suddenly threw out a whole bunch of stuff…

How, “in the absence of improvement” of inflation, “additional stimulus will be required,” in form of “further cuts in policy interest rates” and additional bond purchases, and how “in the coming weeks, the Governing Council will deliberate how our instruments can be adapted commensurate to the severity of the risk to price stability,” and that “all these options were raised and discussed at our last meeting.”

Whoa! Wait a minute, said the good folks who were part of the ECB’s June meeting. These options were not discussed, they told Reuters on Tuesday.

Draghi had ventured out there on his own – apparently trying to push his colleagues into a corner single-handedly as his last hurrah.

His vision laid out on Tuesday was quite a change from the June 6 post-meeting announcement, which didn’t mention anything about even discussing rate cuts. It said that the ECB expects its policy rates to “remain at their present levels at least through the first half of 2020,” before the ECB would begin to raise them, with the bias still on raising rates, not cutting rates. That was less than two weeks ago, and there had not been another ECB policy meeting since then.

Interviewing six “sources” at the ECB with “direct knowledge of the situation,” Reuters found that these policy makers “had not expected such a strong message and that there was no consensus on the path ahead.”

At the June 6 policy meeting, any possibility of a rate cut or renewed asset purchases had been mentioned “only in passing” and without any substantive discussion. The discussion had instead focused on the new package of loans for the banks, the sources said.

The sources told Reuters that ECB policymakers were worried “Draghi was flagging his measures so strongly to markets as a ‘fait accompli’ that there would be no chance for them to disagree with them in at the next policy meeting on July 25,” Reuters reported.

“But they added that, with a global trade war escalating and financial worries around Italy already high, there was little appetite for a fight in July,” Reuters said.

Several sources told Reuters that, because very little new economic information on the Eurozone will come out before the July 25 meeting, “it would be difficult to justify coming to a different policy conclusion than in June.”

And at the June meeting, the conclusion was to delay rate hikes – and there was no mention of rate cuts.

The sources told Reuters that the debate about which policy measures to implement, when, and in what order was still wide open, with policy makers having very different opinions.

For some the first step should be a change in the ECB’s policy message. Others favor a reinforcement of the pledge not to raise rates for a longer time.

Others favor restarting the asset purchase program to bring borrowing costs down for governments so that they could spend more during a downturn, though that would be handicapped by the “issuer limit” that prevents the ECB from holding more than 30% of a country’s sovereign bonds. But the ECB could dispose or circumvent that limit, “some” sources said.

Some policymakers lean toward rate cuts, the sources said. And other policymakers think the ECB should not make any changes at all unless economic data deteriorated substantially and inflation expectations dropped further below the ECB’s target.

But there was no consensus, and there had been no substantive discussions of these topics at the last meeting that had focused on the modalities of the new bank loan package.

What is hilarious is how Draghi was outed as a fabricator and schemer on the very same day he made his additional-stimulus-will-be-required speech, by people who were surprised by his speech, some of whom felt “powerless,” as Reuters put it, and knew he was trying to box them into a corner with his devious move. This has the smell of a palace revolt at the ECB against the head honcho and his last hurrah.

- Source, Wolf Street