Suez Canal ShutDown Ramifications Are Just Starting

Win 500 Silver Coins! Enter here: https://SDBullion.com/sweepstakes

SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1 This week, on the heels of underreported US Consumer Price Inflation data coming in higher than expectations.

The recent and now ongoing near-total shutdown of the Red Sea shipping lanes escalated in violence as British and US-led military strikes against Houthis rebels in Yemen kicked off yesterday.

The spot silver and gold prices in fiat US dollar terms sold off to start the week only to rally back on expanding violence in the Middle East to close the week.

The spot gold price again cleared $2,050 oz to close another week of trading, while the spot silver price finished at over $23 oz again.

The spot gold-silver ratio ended this week where it started, at 88.

Some of the following charts, data, and headlines all suggest things are not going well, spanning from central bank balance sheets to many citizens increasingly suffering under growing cumbersome debt levels.

That will be all for our weekly SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.

Royalty-Free Music provided by:
––––––––––––––––––––––––––––––

Bullet Train by tubebackr / tubebackr
Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0
Free Download / Stream: https://bit.ly/3vaIIby
Music promoted by Audio Library https://bit.ly/473BnYN
––––––––––––––––––––––––––––––

Did You Know Better by Pyrosion / pyrosion
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/4ajO4BB
Music promoted by Audio Library https://bit.ly/3uYG4ps
––––––––––––––––––––––––––––––

Track: The Guitarist — Next Route [Audio Library Release]
Music provided by Audio Library Plus
Watch: https://bit.ly/407CkNM
Free Download / Stream: https://alplus.io/guitarist
––––––––––––––––––––––––––––––

This week on the heels of underreported us Consumer Price inflation data coming in higher than expectations the recent and now ongoing near tootal shutdown of the Red Sea shipping lanes escalated in violence as British and us-led Military strikes against houi rebels in Yemen kicked off yesterday here is a western

AP report on what has been happening there recently I’m Tara cop Pentagon correspondent for the Associated Press around 6:30 last night DC time which happened to be right before 3 a.m. sonat time in Yemen us and UK warships and aircraft launched a massive retaliatory strike against houy controlled areas in

Yemen and response to Relentless attacks on Commercial vessels that have been trying to Transit the Red Sea the US and UK warplanes targeted more than 16 locations with 60 different targets these targets were things like air defense systems and Radars and Munitions Depots the very things that have enabled the houthis to

Create a lot of danger for the commercial vessels that are trying to Transit the Red Sea and get through the Suz Canal these attacks which have been going on for almost two months at this point have really significantly affected how commercial trade moves to the area the houthi say they are attacking the

Commercial ships in protest to Israel’s Relentless bombing campaign in Gaza which has killed tens of thousands of Palestinian civilians and they say they won’t stop until Israel’s war campaign stops the houthis are iranian-backed militant group that came into power in Yemen in 2014 overthrowing the government in the years since Saudi

Arabia has been launching attacks on them in a massive Civil War that has left hundreds of thousands and panese uh starving ing hungered injured it’s just been a devastating Civil War there what’s significant and concerning here is that this is yet another front the US has been Gravely concerned that the

Conflict between Israel and Hamas will not only spill over into the North in Lebanon but stretch farther into the South and the strikes against Yemen were have been an option for weeks but one that the Biden Administration has been reluctant to execute because it does open yet another door and what further

In this war Secretary of Defense Lloyd Austin who was uh diagnosed with prostate cancer late last month remains in the hospital and actually uh gave the order to conduct these strikes from his room at Walter Reed National military Medical Center so far the houthis have not responded they issued warnings last

Night that they would that they would threaten the ships that engaged in this attack but we have not yet seen an attack to date um either on the ships in the Red Sea the commercial vessels or on the US military bases in Iraq and Syria and it’s quite possible that a response

Could be while not coordinated between these different Iranian bat groups they could all seize on the opportunity and increase attacks on the US military personnel who are based in Iraq and Syria and the ships are still transiting the Red Sea rather than deescalation almost all signs in the Middle East Point towards further escalations and the potential for this near total shutdown of the key Red Sea shipping lanes continue for much more time than perhaps guessed by onlookers prior the alternative for shippers is going the long way around

Africa adding costs and time on delivery dates all ports in the EU are now showing lower import cargos than the lowest levels reached during Co 2020 shipping Freight prices are beginning to Surge overall and the much typically higher volume Suz canal with the recent gone ongoings there we also closer to us in

The United States an important Panama Canal we have drought issues that have been going on there for some time prices for crude oil and gold this week appeared to have taken notice of Middle East escalations it’s hard to suggest this resurgent more expensive shipping cost Trend worldwide will be changing anytime

Soon one might ask having now come Fresh Off supply and demand side shocks stemming from the pandemic years just behind us what might major company and Supply chains be thinking at the moment perhaps try and frontload imported items before these situations worsen and it becomes virtually impossible to get more news this week

Regarding the precious metals markets after this brief break hello this is James Anderson on behalf of SD bullion smash the like button if you enjoy these bullan Market updates subscribe to our channel here for weekly bullan Market updates with exclusive bullan service offerings like this one the worst day on Wall Street

Since the crash of 1986 we’re now down 43% this could be the most serious recession in decade protect your retirement with gold and silver IRAs learn more at sdbullion.com the spot silver and gold prices in Fiat US dollar terms sold off to start this week only to Rally back with the

Expanding violence in the Middle East to close the week the spot gold price again cleared 250 an ounce to close yet another week of trading while the spot silver price finished just over $23 an ounce again the spot gold silver ratio ended this week where it started at

88 the following are four factors Fiat financialized media recently suggested could move the spot gold price in 2024 it’s just another example of what the vast majority of US Financial bubble asset owners get told about gold in this coming clip you’re not going to hear an utterance about escalating Wars nor

Economic disruptions and recessionary fallouts that may be increasingly coming about as results we’ll go through some of these points on the other side but have a Listen moving into 2024 there are several factors which could have an impact on the price of gold interest rates it is widely expected that interest rates will be coming down in 2024 should that be the case this in theory should be a Tailwind for gold as lower rates make gold more attractive as

An alternative store of value the caveat would be how much of the expectation of lower rates has been priced into the markets expectations are for potentially five quarter point Cuts US dollar the dollar has been declining since hitting a double top around 107 last year this has also provided a Tailwind for gold

Once again expectations are for the dollar to continue to moderate or Trend lower in 2024 should that not occur it could be disruptive to the current Trend in Gold US debt US debt continues to increase and managing that debt Remains the focus for the year should the debt

Become more of a burden for the US economy gold could benefit as an alternative to the US dollar and the election there is a great deal of uncertainty surrounding the US election later this year as the time approaches volatility could increase and gold could be viewed as a potential Safe Haven the drum beat continues that the current US Administration is considering stealing Russia’s 30 billion in us treasuries to allegedly hand over to Ukraine and its likely failing war effort no surprise that China continues buying gold as the pboc admitted adding nine metric tons last month December

2023 that goes to a total of admitted 225 metric tons of gold bullion officially added to China’s reserves over the last year physical premiums for gold bullion currently being paid in China are not only some of the largest on record this month and even in percentage terms we are seeing a strong

Bid by Chinese for gold bullion on the Shanghai Gold Exchange you can see this data spanning from 2013 to present day on percentage terms rather High over there currently silver import data into turkey continues to illustrate a few record-breaking points about that growing silver bullion importation growing refinary capacity and local

Bullion buying Market a country whose Fiat L almost hit parody one to one with the Fiat US dollar in the middle of 2008 back during the last commodity bull market runs Peak it’s showing the inevitable outcome of a gold market that’s gone up and increasingly to the right how silver follows and will

Ultimately eventually outperform even Gold’s recent move being a silver bow getting paid in relatively still strong Fiat US Dollars somehow this is probably going over most people’s heads because the chart has been so sideways consolidating but I would suggest it’s a blessing current situation so long as you have patience

And properly positioned for gold to do its leading and later silver to follow into a typical all performance era that all said it’s increasingly looked like we’re going to have to get through a major recession and bankruptcy cycle before this building Bull and bull really builds its future Mania phase

Ahead some of the following charts data and headlines all suggest things are not going well spanning all the way from Central bank balance sheets down to many citizens who are increasingly suffer under their growing cumbersome debt levels the Fiat Federal Reserve continues to rack up record high losses

Over earnings thanks to their still bloated balance sheet which is acrude losses to now over 130 billion in growing gone our annual remittances to the US Treasury instead they have a chart here that looks similar to the unrealized losses currently sitting on many US bank balance sheets the Fiat fed

Allegedly Reg regates as well last November a St Louis fed research paper claimed it may take the FED 4 years to recoup these building losses and there was no attempt at estimating how many multiples larger the Fiat fed’s balance sheet will be by late 2027 in the research report the City Bank just

Announced its worth quarter in 15 years claiming they’re going to cut 20,000 jobs or 10% of their work force by 2026 now 15 years ago let’s think about that oh that was back when City got the largest bailout of all commercial Banks to the tune of a cumulative 2.5 trillion

With a t of below market rate rolling loans the fact that City Bank has lasted this long is a mockery to real capitalism escalating amounts of zombie companies and Commercial bankruptcies continue climbing what is already being admitted at Major Banks is probably just a tip of the coming Iceberg

Non-performing loans at Major banks are growing Lending Tree reported this week that nearly onethird of of us residents in 100 largest metros are behind on their debt payments Bank analysts are worried banks have not set aside enough loone loss reserves to handle the coming waves of escalating defaults ahead

Almost a fifth of office space in major US cities was not leased last quarter 2023 eventually losses are going to be realized there as well and a sign to the coming unfunded pension crisis California of course on the tip of that spear the California State teachers retirement system is considering

Borrowing $3 billion or just under 10% of the 318 billion portfolio supposedly so it doesn’t have to liquidate assets at fire sale prices in the likely next downturn the largest public pension in California Calpers is said to plan on doubling its climate Focus Investments to 100 billion by 2030 and is also

Considering selling stocks of companies with poor plans for energy transition so we’re on the cusp of a major secular commodity bull market and cper is apparently going to further YOLO into underperforming unproven sectors further can anyone else hear smell a coming pinch crisis later this decade on a positive note to end the

Week for bulling Bulls out there of all places the great state of New Jersey is about to exemp bullion from sales taxes currently locals have had to pay an additional plus 7% on top of typical bullion product prices within the state and on any online orders being shipped

To them in the state by companies who adhere to local laws that is so apparently soon even the late great Tony soprano is going to be able to add to his bullant stack without having to pay an unconstitutional bribe to local tax cistas are you in the

Mafia am I in a what whatever you want to call it organized crime that’s total crap who told you that that I’ve lived in the house all my life I’ve seen police come with warrant I’ve seen you going out at 3:00 in the morning morning so you never seen do

Kumano go out at 300 in the morning on a call did the kumano kids ever find $50,000 in kws and a 45 automatic while they were hunting for Easter eggs I’m in a waste management business everybody immediately assumes you’re mobbed up it’s a stereotype and it’s offensive and

You’re the last person I would want to perpetuate it fine there is no Mafia all right look H they don’t ride them like they used to Happy 25th anniversary to Sopranos that will be all for this weekly SD bullion market update as always to you out there take great care

Of yourselves and those you love if you enjoyed this video hit the like button and share it with those you love subscribe to our Channel and hit that alert button so you know when we publish New bullan Market updates yeah