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SD Bullion Weekly Update

ozcopper

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I cant find the old thread. Here is a new one...


"The most likely outcome is that the economy will move forward toward a soft landing." -Janet Yellen, 2007
Get There 1st Monday Morning to Take Part: www.SDBullion.com/commander
This video has clips taken from SilverPros. See the entire video announcement here: https://www.youtube.com/live/X5LSdUxo...
Listen above as Josh Phair, CEO of Scottsdale Mint talks about the highly anticipated launch of The Commander Coin Series.
That will be all for this week's SD Bullion Market Update. As always, to you out there.Take great care of yourselves and those you love.




 
Gold Heads to $2,000 oz | China Taiwan Looms

Russia's Vladimir Putin went to China this week to meet with Xi Jinping during the Belt and Road Initiative forum. Meanwhile, this week western media outlets like Reuters are beginning to look forward to the likely coming conflict over Taiwan. Anyone who has paid a shred of interest to China over the last few years knows China is gearing up for potential fallouts that may come from taking the island of Taiwan. So, take heed bullion stackers out there. The world is setting up to be your oyster as we undergo changes like we have never seen before. That will be all for this week's SD Bullion Market Update.As always, to you out there.

 
It is being reported that thousands of Israeli soldiers have entered Gaza in what appears to be another major escalation in the ongoing war in the Middle East.

To close this week's SD Bullion Market Update, we are going to hear a respected macroeconomic forecaster's take on where this gold market is headed, perhaps sooner than most in the world could imagine at the moment.

The silver and gold markets were mixed this week as the spot gold price popped to close the week based on Middle East war escalations.

The spot silver price closed just over $23 oz bid while the spot gold price jumped over $2000 oz bid to finish the week.

Remains to be seen if we are building the floor here or if there will be more dips below $2000 to come.

The spot gold-silver ratio ran up on gold strength to close the week at 87.

That is all for this SD Bullion Market Update.


As always, to you out there.

Take great care of yourselves and those you love.

 
Through the first 3 quarters of this year, 2023, central banks are collectively again on trend to buy more gold bullion by tonnage than they ever have in prior years.

Silver and gold markets were mixed through this week's trading.

The spot silver price finished over $23.20 oz bid price while the spot gold price closed just under $2,000 oz bid.

The spot gold-silver ratio sank to close at 85 on silver's relative strength over gold this week.

Hopefully, you understand the basic math that is likely to propel bullion into another eventual mania phase ahead and are prudently allocated accordingly.

That will be all for this week's SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.

 
Moody's just downgraded US Debt to negative, a sign that times are indeed changing.

Savvy bullion and precious metals stackers the world over like to take advantage of spot price dips, and India is no exception.

This clip was taken in Mumbai today during the festival holiday of Dhanteras, what you see is a long line awaiting the chance to purchase physical silver & gold items.

India is one of the emerging economies that will experience one of the largest increases in wealth per capita next year and in the decades ahead.

Thanks for coming by to check out this week's SD Bullion Market Update.

As always, to you out there.

 
This week the US gov't Bureau of Labor and rigging of ongoing statistics collectively lied to everyone by claiming healthcare costs were down -34% year over yEAr.

Stock market bulls celebrated the delusional lower inflation lie rally, yet many damning fundamentals continue unabated.

More historically high gov't deficit spending and seemingly out-of-control debt levels are building.
'
With a large amount of this debt maturing in the next year, all with elevated interest rates at the moment.

Inflation over the last almost 3 years has already fused into the system crushing the US consumer-driven economy.

Meanwhile, over the last nearly 3-year time span, we have seen the underlying once ballooned piles of both fractional gold and silver bullion piles backstopping the COMEX drawdown one-half and one-third respectively.

Data illustrates that much of this bullion has been getting sucked out of unsecured ETF piles to keep the leverage just in time physical delivery system propped up.

The good news is that the conscious US retail bullion buying sector has been getting after it this whole time, buying high levels of bullion relative to how tiny and overall population they are of the US investing public.

US Silver bullion investment demand is still strong, with bank failures propelling the year's demand

Global Silver Industrial Demand Forecast to Achieve New High in 2023

Global silver production set to fall in 2023 due to lower Mexican, Peruvian output

For a bit more coverage on Indian gold bullion demand, here is Palki Sharma this week from Firstpost's YouTube channel ...

All metals mined in 2022: https://elements.visualcapitalist.com...

Both silver and gold showed strength, respectively, trading higher this week.

The spot silver price closed just under $24 oz bid price while the spot gold price closed just shy of $2000 oz bid price.

The spot gold-silver ratio dipped sharply on silver's outsized strength falling nearly five ounces to 83.

Before we get into the recent fifth US bank failure for the year. I would like to alert viewers out there that we kicked off Black Friday week ahead of time today with this low premium deal on silver bullion kilo bars. Visit www.SDBullion.com/deals to get your share while supplies last.

Now onwards to yet another bankrupt bank, this one announced 11 days ago tied to leveraged collapsing economic bets coming undone.

Federal Government takes over failing Iowa bank:
...

It was recently reported that US Banks took out more loans in this spring of 2023 than they did during the 2008 Global Financial Crisis.

Meanwhile, the supposed US Bank backstopping FDIC has less fractionally reserved cash than the hyper-leverage COMEX system has in supposed bullion for potential delivery.

The FDIC reportedly only has $117 billion to backstop all 4,622 US Banks and their currently estimated total of over $10.5 trillion in insured deposits.

There is an estimated nearly $7 trillion in uninsured deposits sitting in US Banks beyond the $250,000 per account insured threshold at the moment.

Reportedly over $1.4 trillion of that is sitting with recidivist criminal commercial bank JP Morgan. Good luck.

Lastly, having already lost over -92% of its stock price nominal value since the start of the year 2007, it was announced this week that mass layoffs at Citibank are starting next week, with up to one-tenth or nearly 24,000 employees getting eliminated.

Meanwhile, relative weakness in the fiat US dollar and coming future bank failures strongly suggest that more investors should begin allocating to bullion before it becomes more unaffordable and potentially unobtainable to do so in size at reasonable price points.

For in building bullion bull mania phase ahead, my strong suggestion is that the near $2000 oz gold consolidation we have been in will be looked back upon as a would have, could have, should have era.

That will be all for this week's SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.

 
So far in 2023, we have witnessed 5 US Banks go insolvent and be shut down by the FDIC.

Currently, US banks are reported to be still sitting on over $1/2 trillion in unrealized losses on investment securities. Of course, there is no current estimate of collective losses on commercial loans for failing sectors like office space in major city centers, at least not yet anyway.

The three-year rolling average losses for US long-term nominal bonds have been -25% this year, 2023 and -26% last year in 2022, respectively.

One is left to wonder which of the major commercial banks may be closest to another outright failure.

Perhaps the Global Systemically Important Bank that swallowed up recently failed Swiss bank behemoth Credit Suisse?

Reports online today alleged that UBS, a tier-1 G-SIB cited delays in customer deposit withdrawals to its customers, explicitly citing 'unforeseen liquidity challenges'. The branch in this particular alleged correspondence is located in Basel, Switzerland.

Two days ago, the current CEO of UBS, Sergio Ermotti, while speaking at a Swiss Risk Association event, stated, "Even in the unlikely event of something going wrong at UBS, we have enough cushion before even speaking about a resolution of the bank and its very unlikely risk of a loss for the taxpayer."

Would UBS need to be rescued? Ermotti said a private buyer would continue to be preferable. Saying, "Of course, this would likely entail an international buyer."

This is yet another reminder that no matter how sophisticated are gigantic a bank portends to be, you do not actually own the fiat currency in your bank account with them, and at any point in time, the bank may not even have the fiat currency available to fulfill your IOU if and when you demand it withdrawn.

UBS CEO on who should buy them if they fail:

The world as 1000 people graphic source:

Clive Thompson - Gold buying by Central Banks is starting to accelerate:

FT Falling inflation might not dent gold’s rally:

Before we go, I want to remind you all out there that SDBullion is having a great Black Friday sale with low to no premiums on many investment-grade silver and gold bullion products while supplies last.

At the moment, all customers can get a 5 oz silver bullion bar at-spot before we sell out on this inventory.

Visit www.SDBullion.com/deals for Black Friday deals today and into the weekend. And keep your eye out for coming Cyber Monday bullion deals at SDBullion.com early next week.

That will be all for this week's SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.


 
it was just treasuries securities paying 25 basis points, just a few years ago but... now paying close to 510 points, those 20 -30 years ones gone down >50%.

Commercial real estates are bigger and worse, who would have imagine taking -75% to -82% hit for big buildings.

comparing those above with Country Garden, the garden looks tiny punny
 

GOLD RECORD PRICE ERA ARRIVES​

Gold in fiat US dollars is at last seemingly breaking out to new all-time nominal fiat price high levels almost fully across the world.

Yet no one in the Western World, seemingly cares yet.

The spot silver and gold markets traded up and the right this week.

The spot silver price closed at $25.43 oz bid. Getting through $26 and beyond back towards $30 is the next leg required for an eventual breakout.

The spot gold price closed yesterday at the end of last month, November 2023, at a record price high on the chart, which means a lot to highly leveraged COMEX derivative momentum traders.

There is still a long crazier road ahead for us bullion bulls, but we're going to end this week with a little piano concerto of the coming Golden Age breakout that the Western world is still sleeping on.

And as the recently passed bond trading billionaire Scott Minerd warned us about in early 2020. Silver is still half off its all-time nominal price high in many major fiat currencies. I don't want to talk about silver being near any semblance of fair value until at least it 3-4 folds in fiat Japanese yen from here.

In a bullion bull mania, gold leads, silver follows. And that is precisely how we're going to look ahead.

That will be all for this week's SD Bullion Market Update.

As always, to you out there

Take great care of yourselves and those you love.

 
"The Great Taking" Doesn't Work if You Own Bullion

We're going to end this week with a preview of some free information both in visual and written formats that I have been deliberating on showing you for many months now.

It is not for the faint of heart, and I certainly abhor the idea of this channel becoming a chicken little; the sky is falling clown of hyperbolic content week to week.

But this real threat is worth viewing and reading directly. For over a decade now, many in the physical precious metals industry have talked about if you don't hold it, you don't own it. And even about taking direct delivery of shares in stock so worse comes to pass, you are not left with your broker up and vanishing with you what you supposedly thought you owned.

Well, if you perhaps ever wondered how by the year 2030, we could ever collectively get to a WEF dystopia where we, in the masses, own nothing and are somehow happy. Then you might want to stay tuned to the second half of this week's update for a preview.

Now some of the author's suggested remedies you may not agree with, but his research over decades to the present day is accurate and sourced in his free +100-page PDF, which I will link in the show notes and pinned top comments below.

Hopefully, the author ends up being incorrect in his concerns, but I will leave you to judge and research the content further if you deem it worthy.

If he is even partially correct in his current thesis of our coming future, I would very much regret not having tipped you off to his work and viewpoints.

First, we must dig into some details about why the spot gold price ramped to a new record price high of over $2,150 oz in early, somewhat illiquid last Sunday evening electronic trading hours just before Asian markets fully opened.

A crazy up-down week in the spot gold price it was as the fiat dollar gold price gyrated up and down around $150 oz in this mere week of trading.

In the grand scope of the full fiat currency gold trading era, this week will be just another blip on the price chart candles. Alerting the world that $2000 is likely not the ceiling but more so the long-term floor and support for higher future moves ahead.

Of course, I have my takes on what happened. We'll get into those in an interview I did with Arcadia Economics this week: ...

But first, let's see how the eastern world in India, specifically, was taking the rapid upward move to start the week.

INDIA CNBC-TV18 Record Gold price coverage:
...

Now let's both hear from and hand it to CPM Group's Jeffrey Christian for being somewhat accurate on his call from over 5 1/2 years ago (56-second clip from early 2018: ...) that record nominal gold and silver price highs would be coming by 2024.

What did Jeff have to say about Gold's strong Sunday night price move higher?

We expect a sharp increase in gold prices into 2024-2025: CPM's Jeffrey Christian ...

The spot silver and gold markets ramped to start the week only to get sold off to close.

The spot silver price finished the week weakly respective to falling gold and thus, the spot gold-silver ratio ramped to 87.

The spot silver price closed just over $23 oz bid and the spot gold price ended just over $2004 oz bid to finish the week.


The Great Taking's Digital Download website - https://thegreattaking.com

That will be all for this week's SD Bullion Market Update.

As always, to you out there, take great care of yourselves and those you love.

 
The fiat Federal Reserve pivoted into rate cut 2024 doves this week. Gold, silver, and many other inflation-linked asset classes popped on the news of Powell's all-but-admitting rate cuts are coming pivot.

Thus far in the 21st Century gold has performed strongly during three prior rate cut cycles, with spot prices ramping up +66%, +189%, and up +50% in the prior three rate cut cycles past.

During those three specific rate-cut eras, the US stock market was quickly outpaced by gold's gains.

Add on the likely fact that a structural bear market in the fiat US dollar is likely to eventually coincide with this coming rate-cut cycle, and both gold and silver are poised for good years.

More on the coming outperformance of commodities and especially precious metals in physical bullion investment grade formats versus the US stock market to come later in this week's bullion market update.

Both the silver and gold markets rallied on the fiat Fed's all-but rate cut 2024 pivot announcement this week.

The spot silver price rose most in percentage terms to close at just under $24 oz bid price, while the spot gold price again closed the week above the important building $2,000 oz support line with a finish near $2020 oz bid price.

The spot gold-silver ratio fell to 84, with silver's relative strength over gold.

That will be all for this week's SD Bullion Market Update.

As always, to you out there, take great care of yourselves and those you love.

CNBC-TV18 Indian Silver Update:
• Gold Prices At New Peak Globally & In...

Fed Chair Powell: Inflation has eased from its highs without a significant increase in unemployment
• Fed Chair Powell: Inflation has eased...

 
Merry Christmas and a Happy Holiday season to all of you out there from our team at SD Bullion.

The spot gold price climbed to close at its highest weekly close in history over a $2,053 oz bid.

The spot silver price closed up as well over a $24 oz bid.

The spot gold-silver ratio stayed flat on the week at 84.

That will be all for this Christmas edition of our weekly SD Bullion Market Update.

As always to you out there, take great care of yourselves and those you love.

 
Happy New Year to all of you out there from our team at SD Bullion. For gold in fiat US dollar terms, this was another consecutive weekly close above $2000 and for the first time in history alongside monthly/quarterly/semi-annual/and annual closes above $2,050 oz.

Later in this report, we will take a look around the world at where major gold and silver markets are finishing this year, 2023, with a roadmap ahead for how much further both respective precious metals have in potential revaluations higher to come.


The spot gold price closed above $2,050 oz again, completing record high wicks on monthly, quarterly, and annual closes, which is important for chart onlookers in search of bullish technical breakout signals.


The spot silver price finished slightly down on the week finishing just under $24 oz for the end of the year 2023.


The spot gold-silver ratio rose on gold's strength over silver to finish at 86 on the year.

That will be all for this last 2023 edition of our weekly SD Bullion Market Update. We will see you in 2024.

As always, to you out there, take great care of yourselves and those you love.

 
The current administration is patting itself on the back using rigged data and financial propaganda as the soft landing narrative precedes the likely next recession.

Yet more accurate data points to job participation levels still not near their pre 2020 covid levels.

Some interesting job data rigging points to consider:

- 10 out of the last 11 jobs reports revised lower
- 25% of jobs gains in 2023 were ultimately revised away
- Government jobs accounted for 25% of December 2023 job gains
- Part-time jobs UP 762,000, full-time jobs DOWN 1.5 million in December
- Full-time job gains are FLAT for 2023, while part-time is up sharply
- Rigged Inflation earnings are still -3% BELOW 2021 levels and likely worse as the fiat financial powers that be consistently underreport real inflation by a factor of 2 to 3 consistently

CNBC 3 stock lunch clip on Gold Silver:
...

WGC central banks buy +44 metric tonnes net in Nov 2023

OFR on How US Banks Remain Vulnerable

Kathleen Tyson presentation in full
...

That will be all for our weekly SD Bullion Market Update.

As always to you out there, take great care of yourselves and those you love.


 
This week, on the heels of underreported US Consumer Price Inflation data coming in higher than expectations.

The recent and now ongoing near-total shutdown of the Red Sea shipping lanes escalated in violence as British and US-led military strikes against Houthis rebels in Yemen kicked off yesterday.

The spot silver and gold prices in fiat US dollar terms sold off to start the week only to rally back on expanding violence in the Middle East to close the week.

The spot gold price again cleared $2,050 oz to close another week of trading, while the spot silver price finished at over $23 oz again.

The spot gold-silver ratio ended this week where it started, at 88.

Some of the following charts, data, and headlines all suggest things are not going well, spanning from central bank balance sheets to many citizens increasingly suffering under growing cumbersome debt levels.

That will be all for our weekly SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.

 
looks like Shanghai is setting the GOLD price!

Operation Prosperity Guardian Vs Respecting the Freedom of Choice by the Yemeni Islamic Fighters
it is just the interest of the local ones vs the others from far away

The strikes looks more like a set trap, Running OUT of missiles soon lol.

The $300B steal can really make the avoidance of the USD usage in trade complete in the Global South
 
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