China plays peace maker in Ukraine.

This week, while China was putting forth a 12-point plan to help halt the ongoing conflict between Russia and Ukraine, which started one year ago, China’s Foreign Ministry Spokesperson Wang Wenbin ratcheted up some blusterous Anti-United States rhetoric stating the following in his press conference yesterday. With government central banks now buying more gold bullion in volumes not seen since before World War 2.

We are again left to wonder what government central banks planning for the next financial system as are this current fiat US dollar-dominated version wanes in utility and popularity. The global central bank of central banks, the Bank for International Settlements, published the following diagram in October 2018 in Bloomberg’s Money magazine, outlining plans to change the financial order of things to come. The BIS had their Chief go on Bloomberg this week to talk a bit about their developing plans. BIS Chief Carstens on Bloomberg this Week:

https://www.youtube.com/watch?v=9mvSs… Fedcoin Cashless Trend 2020s, Bullion Opt-Out Clause The silver and gold markets continued selling off this week. With the spot silver price closing just under $21 oz and the spot gold price finishing just above $1800 oz. The spot gold-silver ratio climbed higher to close at 87. Checking on where the respective 200-day moving averages are currently for the spot gold price, it is $1,776.27 oz, and the spot silver price’s 200-day moving average has been breached below $20.97 oz.

China Plays Peace maker in Ukraine.

Inflation continues to come in hotter than expected, as this week’s core PCE data came in higher than expected. The financial market thus ratcheted up bets for higher interest rate hikes to come. The US real estate market continues being clobbered with too high-interest rates and home prices, crushing homebuyer demand to levels lower now seen since before the 2008 financial crisis fallout in home buying. In terms of how much house gold or silver bullion can buy, we are still well elevated above the respective 2011 and 1980 lows. As I mentioned last week, the declines in spot gold and silver prices over the past month and more has mainly been relatively fiat US dollar strength driven. Since the start of this month, you can see the inverse relationship between the spot gold price and relative fiat US dollar strength. You can also see a similar inverse pattern in the spot silver price vs fiat US dollar index has also formed since the start of this month.

The CFTC still has not published its weekly Commitment of Traders Report leading many market traders and onlookers to openly speculate about what is happening below in derivative trading mechanics. There is no hot speculative leveraged money chasing into silver or gold derivative markets yet. As for the physical United States bullion market, price premiums have been consistently shrinking closer to spot, and for those looking to add to bullion positions doing so when spot prices get near their 200-day moving averages is typically well timed. Take advantage of this current calm before the inevitable next wave of financial crisis comes about. We hope you enjoyed how China plays peace maker in Ukraine.

helpful links:

Silver Deals – Cranes Financial News

AI Predicts The Price Of Silver & Explains Silver Stacking (ChatGPT ) – Cranes Financial News

Robert Kiyosaki – WARNING a Crash is Coming! – Cranes Financial News