Metals

G-7 Sanctions on Russian Gold Could Backfire

by Clint Siegner, Money Metals: Russia is the world’s second largest producer of gold. When the London Bullion Market Association delisted Russian gold refiners in March, many expected the move would push gold prices higher. Instead, the gold price has fallen roughly $100/oz. Over the weekend, leaders of the G-7 nations announced formal sanctions on […]

Technical Analysis: Gold is Building Solid Support

by Peter Chicarielli, Schiff Gold: After a big miss on the Powell/Brainard nominations in November, the price analysis has been fairly accurate. Identifying the initial breakout above $1800, mentioning that $1900 was fragile support, and last month concluding that gold had found a bottom around $1800. For the past month, gold has been consolidating within a tight range around $1850. […]

Biden, G-7 Will Ban Russian Gold Imports

from ZeroHedge: Having sparked hyperinflation in European gas prices and record energy costs around the globe with their poorly conceived and implemented Russian energy sanctions which have backfired spectacularly, allowing Moscow to reap record energy export profits and China and India to buy oil far below spot prices while leaving US motorists paying record prices at the […]

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JUNE. ACCUMULATION FOR EFP’S SILVER

by Harvey Organ, Harvey Organ Blog: GOLD CLOSED DOWN $2.00 TO $1936.00//SILVER UP 9 CENTS TO $21.77/PLATINUM UP $9.55 TO $942.80//PALLAIUM UP $56.00 TO $1881.45//COVID RELATED STORIES//VACCINE INJURIES//VACCINE IMPACT//MICHAEL EVERY REPORT/UKRAINE VS RUSSIA UPDATES//INFLATION STORY UPDATES TRUTH LIVES on at https://sgtreport.tv/ GOLD;  $1836.30 DOWN $2.00 SILVER: $21.62 UP 9 CENTS ACCESS MARKET: GOLD $1833/30 SILVER: $21.69 […]