Surge in Services Imported Sends Trade Deficit to New Record October 6, 2021 by SchiffGold 0 0 August 2021 saw a total trade deficit of -$73.25B which is up 4.2% over the July trade deficit of -$70.3B. This number barely edged out the previous record in June of -$73.23B. The new record was driven primarily by Services. The … [Read more…]
The Monetary Logic for Gold and Silver This week saw the news that a vaccine had been found to combat the coronavirus. At least it offers the prospect of humanity ridding itself of the virus in due course, but it will not be enough to rescue the global economy from its deeper problems. Monetary inflation … [Read more…]
Ganajur Mining Lease (ML) Application Of Our Wholly Owned Subsidiary Viz., Deccan Exploration Services Private Limited (DESPL) – Filing Of Writ Petition Before The Hon’Ble High Court Of Karnataka 1. In continuation of our earlier Update made on 01/08/2021, we write to present the following Update on the captioned matter. 2. A Writ Petition (WP) … [Read more…]
Gold: Evergrande Investors Savior Sector expert Michael Ballanger links debt and wolf packs in this exploration of the effects that the troubled Chinese company will have on gold. When I first launched the GGMA Advisory service in January 2020, the very first Forecast Issue dealt with the globe’s number one ailment, and it was not … [Read more…]
Central Banks Added Nearly 30 Tons of Gold to Holdings in August October 5, 2021 by SchiffGold 0 0 Central banks continue to add gold to their reserves. Global central bank reserves increased by a net 28.4 tons in August, according to data compiled by the World Gold Council. Gross central bank gold purchases came in at 30 … [Read more…]
The problem with climate change politics The reason governments fail in economic terms is that economic calculation is never part of their brief, and nor can it be. By economic calculation, we mean taking positive actions aimed at a profitable outcome. To survive and prosper, businesses and individuals must do this all the time — … [Read more…]
DGML BM Outcome_24-09-21 – Deccan Gold Mines Ltd. (DGML) Proceedings of the Meeting of the Beard Committee (s) and Board of Directors held on Friday, September 24, 2021 With reference to the captioned subject and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBE … [Read more…]
Canadian Explorer-Developer Appoints Its Chief Geologist as President Brian May, the newest addition to Triumph Gold’s leadership team, is intimately familiar with the company’s flagship Freegold Mountain project, given his extensive involvement in recent exploration work there. Triumph Gold Corp.’s (TIG:TSX.V; TIGCF:OTCMKTS) leaders have collective experience in exploration, development and mining, and the company recently … [Read more…]
Hedge Fund Pile into Short Positions During September October 3, 2021 by SchiffGold 0 0 Please note: the COTs report was published 10/1/2021 for the period ending 9/28/2021. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders analysis last month showed a potentially bullish setup in both gold and silver. The washout of Managed Money Net Long … [Read more…]
The extinction of gold derivatives With the introduction of Basel 3, commercial banking enters a new era of diminishing involvement in derivatives. The nominal value of all derivatives at the end of last year amounted to seven times world GDP. While we can obsess about the effects on precious metals markets, they are just a … [Read more…]