JPMorgan Gold Vault Hubbub

We were all over this yesterday and ZeroHedge has brought it to everyone else's attention today. However, instead of dwelling upon the here and now, I'd like to give you some history to consider.

Thursday Pre-BLSBS

As we've been saying all week, the key event will be "Hampton Pearson at The Labor Department" on Friday morning at 8:30. Now, today, there are all sorts of headlines out there proclaiming that a September rate hike is on the table if the data is strong enough. Looks like tomorrow is going to be quite an interesting day.

TFMR Podcast - Wednesday, August 5

Perhaps only a similarly ADD-riddled mind can fully appreciate this podcast as we discuss everything from the Comex to the Iran Deal to the 2013 death of Michael Hastings. If you think you're ready, buckle in and have a listen.

Comex August Gold Deliveries Heat Up

We watched intently as July Comex silver deliveries spiked to unusually high levels. Now, with August Comex gold in delivery, we're starting to see some of the same demand. No, it's not a "run" or a potential "default". It may, however, be another indicator of extremely tight global wholesale precious metal supply.

Another Ukraine Update

Another must listen program last night from Mr. Batchelor and Professor Cohen. Just because the MSM has moved on to other stories DOES NOT mean that this crisis has been resolved or is any less dangerous.

IMF Report: No SDR Inclusion for Chinese Yuan

Just minutes ago, Reuters reported that an IMF staff report has concluded that the Chinese yuan is not yet ready for inclusion in the basket of fiat currencies that make up the IMF's Special Drawing Rights (SDR). Hmmm. I wonder how that will go over in Beijing?

TFMR Podcast - Tuesday, August 4

The last 24 hours have brought a few glimmers of hope for gold bulls. While they may amount to nothing, they're still worth mentioning and discussing.

Guest Post: " Shanghai Silver Stocks Plummet", by Steve St. Angelo

All sorts of anecdotal evidence out there of growing physical silver shortages from Mint shutdowns to unusually heavy Comex deliveries. Today, our pal SRSrooco writes about the drawdowns occurring in Shanghai, too.

Support Still Holding

Things looked pretty dicey last evening but, instead, prices held support from last week. While this is good news, we are hardly out of the woods and there's still the BLSBS looming out there for Friday.

TFMR Podcast - Monday, August 3

Wow, there's a lot going on! Copper and crude continue to tumble lower and they dragged the PMs down with them today. All the while, bond futures broke out to 90 day highs. Do you sense what's coming? Is it a return of the "disinflation/deflation bias" that we dealt with through the last half of 2014?

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