BRICS Move to Gold August 22, 2023

Win 500 Silver Eagle Coins, enter here: SUBSCRIBE to Our Channel: There were some large spot price selloffs in precious metals this week. Those who watched spot price action when COMEX hours began can likely verify they are human. All this led to a mixed response from bullion market participants. The spot silver price closed just under $ oz bid, while the spot gold price finished the week at $1,920 oz bid. The spot-gold-silver ratio ballooned to 85. On a technical basis, I suggest watching gold not only now in this spot price weakness but also for the eventual breakout to come. Gold leads typically as secular bullion bull markets go next level. I am waiting and looking forward to seeing $2,000 and $2,100 oz gold become the spot price floor. That is all for this week’s SD Bullion Market Update. As always, to you out there, take great care of yourselves and those you love. OCC Report on Commercial Bank Precious Metals Derivative Exposure Rising (Big bank PM derivative breakdown %’s page 25 & chart page 42): ^^^ According to the OCC, these four large banks held 89.0 percent of the total USA banking industry’s notional amount of derivatives end of March 31st, 2023. Longtime London Gold Trader: Precious Metals Markets are Paper Derivative Shams: James Rickards: “The Biggest Monetary Shock in 52 Years“ Royalty-Free Music provided by: –––––––––––––––––––––––––––––– My Way by Roa Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: Music promoted by Audio Library: • My Way – Roa –––––––––––––––––––––––––––––– Sinking by Neutrin05 Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: Music promoted by Audio Library • Sinking – Neutrin05 ––––––––––––––––––––––––––––––