China Faces Stiff Competition For More Physical Gold – Jason Burack

TND Podcast Spotlight:  Wall St For Main St

In this brief market update, Jason Burack of Wall St for Main St recaps important news for precious metals investors.  June Shanghai Gold Exchange withdraws caused some to speculate about China’s ongoing gold accumulation.  Visible/reported purchases have resumed.  Jason speculates about why China may be buying less gold in the first half of 2016 versus 2015, 2014 and 2013.

JP Morgan was able to get 3 silver manipulation cases thrown out recently.  Tune in for details.

Turning to the economy, we now see that US regulators are publicly warning banks about an upcoming crisis with the US sub prime auto loan bubble.  “Dr. Copper,” known as having a Ph.D in economics given copper’s sensitivity to economic cycles, should be watched closely given the impacts that can occur to silver supply; approximately 70% of annual silver mine supply is produced as a byproduct of base metal mine operations.  Banks don’t have sufficient loan loss reserves to protect themselves from any of these major problems on the horizon.

# # # #