Originally published at: https://peakprosperity.com/daily-digest/gold-supply-becoming-tight-as-the-dow-gold-ratio-signals-collapse/
Economy
In the realm of precious metals, Costco’s rapid sellout of gold products indicates a growing demand for physical gold. This trend is further underscored by reports of halted orders for 1kg gold bars from major suppliers in Singapore and a Wikileaks claim of a 50-year gold price manipulation scheme by LBMA and COMEX. Additionally, the Dow/Gold ratio has reportedly flashed its fourth collapse signal in a century, prompting concerns about market stability. The London Bullion Market Association has denied involvement in price manipulation, emphasizing their transparent operations.
Relatedly, the Basel III Endgame is reportedly unfolding in the US, with new global standards prompting a repatriation of gold. This move is allegedly part of a broader effort to secure collateral and adapt to evolving market conditions. The implications of these changes are significant, as they may reshape the landscape of global finance. Analysts suggest that while Basel III is influencing gold markets, broader economic factors like inflation fears also play a role.
In another signal, copper inventories have reached record highs, suggesting a possible slowdown. This development, along with the rise of dark pool trading, which now accounts for a significant portion of stock trades, indicates a shift in market dynamics. Dark pools, private trading venues for elite traders, obscure true market values, potentially disadvantaging retail investors. The SEC has indicated a potential crackdown on dark pool practices to ensure transparency and fairness.
On a more local note, North Carolina’s economy is dealing with the effects of a federal funding freeze initiated by the Trump administration. Although the freeze has been lifted, the delay in federal funds has impacted various sectors, including scientific research and hurricane recovery efforts. The reduction in federal employees and programs may also affect healthcare access in the region. The North Carolina Chamber has expressed concerns over potential economic downturns, while The Heritage Foundation argues that reduced federal spending could lead to a more efficient economy.
US Politics
Leland Dudek, who was reportedly at risk of dismissal for collaborating with DOGE, has been appointed as the interim head of the Social Security Administration. This appointment follows the removal of Acting Commissioner Michelle King, who had refused DOGE access to agency data. Critics, such as the American Federation of Government Employees, have expressed concerns that Dudek’s approach might lead to wrongful denial of benefits.
Relatedly, DOGE has reportedly identified $4.7 trillion in unaccounted federal spending. This discovery raises questions about the legitimacy of these expenditures. DOGE’s efforts are aimed at streamlining federal financial operations by implementing standard accounting practices, which could potentially lead to a more transparent and accountable government. The U.S. Treasury has acknowledged the findings but stressed that this does not necessarily indicate unauthorized spending, and they are working with DOGE to improve tracking systems.
DOGE has also discovered USAID may have funneled $164 million to organizations linked to terrorism. This revelation raises questions about the oversight and accountability of international aid programs. USAID has responded by highlighting their rigorous vetting processes and commitment to transparency, while some analysts caution against overreacting to isolated incidents.
In another Musk-related initiative, a directive requiring federal employees to submit a list of accomplishments has reportedly sparked significant pushback. Agencies such as the Pentagon and FBI have advised employees to disregard the email, citing their own internal evaluation processes. Musk defended the initiative as a means to identify inefficiencies, while critics, including union leaders, have called for its retraction. Some federal employees have expressed stress over the timing of the request, while others reportedly see it as an opportunity to highlight their contributions.
Meanwhile, the FBI is reportedly experiencing internal unrest following President Trump’s appointment of Dan Bongino as Deputy Director. Bongino, a former Secret Service agent and conservative commentator, lacks traditional FBI experience, which has caused concern within the agency. His appointment alongside Director Kash Patel has been met with skepticism, particularly given Bongino’s history of controversial statements about the FBI. The FBI Agents Association has emphasized the importance of operational expertise, traditionally held by active Special Agents, for maintaining trust within the bureau.
Sources
Federal Funding Freeze: North Carolina’s Economic Jigsaw Unraveled
Last year, 43.2% of North Carolina’s total revenue came from federal funding.
Source | Submitted by Patriot83
Elon Musk’s DOGE: Unmasking $4.7 Trillion in Unaccounted Federal Spending
Accounting means accountability, holding people to account for their work.
Source | Submitted by pinecarr
Leland Dudek: From Near Firing to Leading the Social Security Administration Amid DOGE Controversy
I confess. I helped DOGE understand SSA.
Source | Submitted by davefairtex
Copper Surplus Signals Looming Global Economic Slowdown and Market Correction
Global Economy Heading Into Massive Slowdown
Source | Submitted by Chris Martenson
Dark Pools: The Invisible Hand Shaping the Stock Market’s Future
Dark pools are private, hidden stock markets where big players—banks, hedge funds, billionaires, and many others in the elite club—trade huge amounts of stock without the public ever seeing it.
Source | Submitted by Lizzy Beta
Elon Musk’s ‘Accomplishments’ Email Sparks Federal Pushback and Panic
FBI, DoD, State Dept. Push Back On Musk’s Monday Deadline For ‘Accomplishments’ Email
Source | Submitted by richcabot
FBI in Turmoil: Dan Bongino’s Appointment as Deputy Director Sparks Controversy
“The FBI Deputy Director should continue to be an on-board, active Special Agent—as has been the case for 117 years for many compelling reasons, including operational expertise and experience, as well as the trust of our Special Agent population,” reads a memo obtained by WNBC’s Jonathan Dienst.
USAID Under Scrutiny: $164 Million Allegedly Channeled to Terror-Linked Groups
Over $164 million in USAID funding went to terrorist linked organizations.
Wikileaks Exposes Alleged 50-Year Gold Price Manipulation Scheme by LBMA and COMEX
You can see that for 50 years, the COMEX and the London bullion market, they’ve been conspiring to keep U.S. citizens from hoarding gold.
Singapore Bullion Dealer Reports Halt in 1kg Gold Bar Orders from Major Suppliers
3 OF ITS MAJOR SUPPLIERS HAVE NOW STOPPED TAKING ORDERS FOR 1KG GOLD BARS.
Dow/Gold Ratio Flashes Fourth Collapse Signal in a Century: Should Investors Brace Themselves?
THE DOW/GOLD RATIO JUST GAVE IT’S 4TH COLLAPSE SIGNAL IN THE LAST 100 YEARS.
Costco’s Gold Rush: Precious Metals Sell Out in Record Time
COSTCO 1 OZ AMERICAN EAGLE #GOLD COINS… SOLD OUT IN 18 MINS.
Basel III Endgame: Gold Repatriation and New Global Standards Unfold in the US
This is repatriation with a purpose.
Source | Submitted by Friedrichs_teeth
In addition to sources submitted by community members, the following were also used in the creation of this report: U.S. Treasury Statement, American Federation of Government Employees, North Carolina Chamber, The Heritage Foundation, SEC, London Bullion Market Association, USAID Official Statement, Basel III Analysis by Bloomberg and Reuters, and Environmental Entrepreneurs.
