News, Rumors and Opinions Wednesday Morning 8-5-2020
KTFA:
Samson: The Iraqi Bank of Trade enters the list of the best 1000 global banks 2020
The Trade Bank of Iraq was ranked for the third year in a row in the list of the best 1000 international banks for the year 2020 ranked 319 issued by the prestigious British "The Banker" magazine. LINK
Iobey777: HMM, interesting! How did they do that using a worthless currency? Just saying... IMO!
Deepwoodz: Key word is obviously........INTERNATIONAL! woop woop!!!
Ross: You must see the explosion in Beruit this AM on WhatFinger. Look like an atomic bomb
You will be shaken. If you have PTSD do not watch.
Reports are now saying it was a fireworks factory...then some speculation circulated that the location of Tuesday’s blast in Beirut was connected with a Hezbollah weapons assembly line. Probably truth IMOO
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Courtesy of Dinar Guru
Frank26 ...Iraq is a sovereign country. The President of the United States of America is about to make that announcement...IMO...
Petra ...they're definitely following a playbook. Now it's down to execution of that playbook and the timing is there...central banks - we know they are aware of what's going on. I think now it's down to a timing issue. I think they've done all the checks they've needed to check...I think our study is coming to a close...
Pimpy ...there is a lot of activity happening around the world. What I'm seeing, what I'm starting to realize is this is the last ditch effort of the so-called deep state trying to figure out what they need to do to stay in control. You could see it everywhere...Al-Kazemi, what he's doing is against everything the deep state wants him to do. He is literally removing all the so-called deep state players out of Iraq. This is not fictitious. It's actually happening. He's actually pressing charges against these senior political figures...all these Iranian backed puppets...
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TNT:
Haramve: CNBC: Gold just hit a fresh record high — but some say silver is set to overtake
(8/5/20)
Silver is set to outshine gold, even as prices of both precious metals soar in the midst of a faltering global economy and a weakening U.S. dollar.
This year, gold prices have shot to record highs not seen since September 2011. Investors have been fleeing to “safe haven” assets as the pandemic shows no signs of abating.
Gold prices hit a new record close of $2,021 per ounce overnight — settling above $2,000 for the first time. It was last trading at $2,020.30. Geopolitical unrest overnight likely added to the spike. The blasts in Beirut, which killed dozens and wounded thousands, “probably (added) to the shine of Gold above $2020,” said a note from Mizuho Bank.
Spot gold prices have spiked more than 32% so far this year and are on track for the best year since 1979. Meanwhile, silver priceshave also followed suit, shooting up more than 30% year to date.
Michael Hsueh, a commodities and foreign exchange strategist at Deutsche Bank, told CNBC he expects silver to outperform gold.
Analysts pointed out that the the world economy is set to bounce back, and that will drive up industrial consumption. That’s set to increase the demand for silver, which has many industrial uses.
“Silver … has a much higher industrial component to it. So, much higher component of silver supply demand in industrial consumption. And in an environment where we see the global economy recovering, that’s another reason to buy silver,” Hsueh told CNBC on Tuesday.
Analysts at Citi also said in a note last month that the rebound in manufacturing activity is pushing silver prices higher compared to gold.
ALERT! SILVER Breaks Higher AGAIN as HUGE September Deliveries Approach!! (Bix Weir)
Aug 4, 2020
With COMEX silver open interest holding steady above 130k contracts there's only 17 trading days left until a potential COMEX Delivery DISASTER!