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Gold Price Recap September 4 - 8

Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to into the future.
goldprice.org
 
LONDON, Sept 8 (Reuters) – Russia has designated the International Transport Workers’ Federation (ITF) as an “undesirable” organization in a step the union said will have significant ramifications for 1.6 million Russian members, the ITF said on Friday.

The label “undesirable” has been applied to dozens of foreign groups since Moscow began using the classification in 2015, and effectively bans an organization outright.

Russia Labels Global Transport Union ITF 'Undesirable' Organization

Russia has designated the International Transport Workers’ Federation (ITF) as an "undesirable" organization in a step the union said will have significant ramifications for 1.6 million Russian members, the ITF said on Friday.
gcaptain.com
 

This Is A Silent Recession: The Fed Will Raise Rates​

Sep 8, 2023

6:27

Manufacturing has been down 8 months in a row, notes Ed Siddell. He discusses economic trends investors should be watching. He talks about how financial institutions are severely strained and other causes for concern in the current economy. He highlights how jobs lost this year that were high paying with benefits were replaced by lower paying jobs. He goes over how he calls this a silent recession, and he believes the Fed will raise rates. Tune in to find out more about the stock market today.
 

Pork exports up 4.2% in latest Monthly Trade Data | Weekly Livestock Market Update for 9/8/23​

Sep 8, 2023

15:26
 

Why Does Flying Suck so Much? | Robert Reich​

Sep 6, 2023

6:00

Smaller seats. Less legroom.
Out of control fees for in-flight meals, checked bags, or even carry-ons.
Charging us $25 to print a boarding pass!
Why does flying suck so much these days?

It has a lot to do with power — and how greed has overtaken our entire economy.
 
A Newport Beach walk & talk with Dan. Sometimes he's pretty good, sometimes not so good. Lots of links to his stories if you watch on you tube.

A Small Bank With A Big Problem​

Sep 9, 2023
26:42

Everyone is focused on the big banks. But what happens when a small bank starts to have the problems with liquidity and with losing money? This problem is going to continue and it’s only going to spread to other banks.
 

GDP per Capita - Worldometer

GDP per capita by country. List by GDP at PPP (Purchasing Power Parity) and by Nominal GDP. Ratio to World's average GDP per capita at PPP
www.worldometers.info

Standard of Living by Country 2023 - Wisevoter

The world is home to a wide range of countries that differ greatly in terms of standard of living, as measured by the Human Development Index (HDI). The HDI looks at a nation’s wealth, health and education levels to determine its ranking. Depending on the country, its population could be...
wisevoter.com
 

GoldSeek Radio Nugget -- Bill Murphy​


12:21

Bill Murphy of Lemetropole Cafe and GATA.org, outlines how the "gold cartel" manipulates price.

0.50 - Gold cartel market back at work?
2.00 - Sprott's John Embry suggests silver could be a ten bagger!
3.22 - Gold cartel may be running low on bullion to sell.
5.50 - Precious metals represent an enticing relative value compared to competing asset classes.
7.20 - Eventually, the stubornly pro-stock/bond mutal fund auto investment plans will shift to risk-off, safe haven investments.
8.44 - If gold were trading freely, like Bitcoin, would the price soar like the crypto-sector?
11.12 - Plus's for PMs investors - selling near cost of production, massive monetary profligacy, irresponsible Fiscal Policies, overvalued P/E ratio, S&P 500.
12.22 - Many key precious metals mining companies offer solid dividends.
 

Decommissioning boom tightens availability of heavy-lift vessels​

Dismantling ageing platforms and legacy offshore oil and gas infrastructure is generating increasing demand for high-spec, heavy-lift vessels.

Rates for these behemoths run to several hundred thousand dollars a day, a price client companies are willing to pay to increase the efficiency of removal operations. The impressive removal and lifting capabilities of these vessels make transporting recyclable materials back to port for processing safer and cheaper.

Full article:

Decommissioning boom tightens availability of heavy-lift vessels

Decommissioning ageing platforms and infrastructure over the next few decades will create long-term demand for heavy-lift vessels
www.rivieramm.com
 

Weekly Commodity Market Update: U.S. crop production estimates to remain low​

Sep 12, 2023

10:21
 

Tell that to the people selling them on the market. Prices would say the opposite. But Everyone in the PM space knows that game.
 

AgDay 09/12/23​

Sep 12, 2023

20:23

USDA rolls out another report this week. We have a preview as markets position ahead of any production adjustments. Plus, an explosion at an ADM facility in Illinois, and dairy farmers have gained access to a new disaster program.
 
Links to the different stories on youtube.

What’s Going On with Container Rejections and Bookings? | WGOW Shipping on Freightwaves TV​

Sep 12, 2023
11:15

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - joined the @FreightWaves Round Table with Henry Byers to discuss what's going on in Asia with rejections and falling booking numbers.
 

Bed Bath & Beyond files complaint against Yang Ming - Splash247

Bankrupt retailer Bed Bath & Beyond has filed a complaint with the US Federal Maritime Commission (FMC) against Taiwanese shipping company Yang Ming seeking reparations from the firm for not shipping 85% of its contracted cargo. Bed Bath & Beyond entered a service contract with Yang Ming...
splash247.com
 

$1.5 Trillion Dollars Worth Of 'White Gold' Found In Supervolcano On Nevada-Oregon Border​

An ancient supervolcano along the Nevada-Oregon border contains what could be the world's largest single deposit of lithium. The findings could reshape the West's supply of the critical metal -- and might even change the geopolitical game with China.

Researchers from Lithium Americas Corporation, GNS Science, and Oregon State University published their findings in the Journal for Science Advances on Aug. 31. They found the McDermitt Caldera, a caldera measuring 28 miles long and 22 miles wide, on the Nevada-Oregon border, contains around 20 to 40 million metric tons of lithium – a figure that would dwarf deposits in Australia and Chile.

More:

$1.5 Trillion Dollars Worth Of 'White Gold' Found In Supervolcano On Nevada-Oregon Border | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
 
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