The Morgan Report: Your Money Matters

July 22, 2023 Fed Launches New Payments System That Lets You Send Money In Seconds I've been shedding light on CBDC for a while and the day has arrived! The Federal Reserve has unveiled a payment system that enables immediate money transfers. This breakthrough introduction of an instant payment system signifies a transformative epoch in the financial landscape, or so they'd have you think. Labeled as the FedNow Service, it is poised to provide a rapid, secure, and efficient avenue for money transfers in a matter of seconds. The whole concept of a Central Bank Digital Currency (CBDC) has me concerned. Privacy Concerns, Financial Stability, Cybersecurity, Technological Challenges, ect. Although there may be advantages to CBDCs, like increased efficiency and speed in transactions, there are several reasons why YOU should be concerned about its adoption. We'll delve into the ugly side of CBDC soon. But for the time being, make it your priority to gain knowledge. Transitioning to their digital realm will not be beneficial for America, but it certainly appears advantageous for the Federal Reserve and our Government. [Read more about CDBC.]( Chinese PV Industry Brief: January-June solar installations hit 78.42 GW As reported by the National Energy Administration (NEA), China's total installed photovoltaic (PV) capacity reached 470 GW at the end of June. The country installed 78.42 GW of new PV systems in the first half of this year, including 17.2 GW in June alone. The China Photovoltaic Industry Association (CPIA) reveals significant growth in production during the first half of the year. Polysilicon production saw a 65% increase, reaching over 600,000 tons, while silicon wafer production rose by 63% to 250 GW. Solar cell production surged by 62% to exceed 220 GW, and PV module production increased by 60% to approximately 200 GW. Chinese PV product exports exceeded $29 billion, marking a 13% increase year-on-year. Europe was the largest market for module exports, and Asia was the predominant market for silicon wafers and solar cells. Canadian Solar's subsidiary, CSI Solar, announced a partnership with the government of Hohhot, Inner Mongolia, for a CNY 11.5 billion ($1.6 billion) investment in a vertically integrated factory. This facility will produce 40 GW of ingots, 10 GW of wafers, 10 GW of cells, and 5 GW of modules. It is set to begin ingot production in March 2024 and open the remaining production lines in the latter half of the same year. [Read The Article Here]( [Subscribe to The Morgan Report today]( for the full report and portfolio. The Knowledge You Need to Build and Preserve Your Wealth Silver Price May Test $30 This Year Silver's price could potentially reach $30 this year due to the falling gold/silver ratio, increased demand for precious metals, and certain technical factors. The gold/silver ratio declined from 84 to 78.50, driving a surge in silver's value. The anticipated final rate hike by the Federal Reserve may cause an increase in precious metals demand as traders begin to prepare for future rate cuts. In May, a bullish scenario for silver was proposed based on a gold/silver ratio of 75. The gold/silver ratio seems ready to test crucial support near the 78 level, which, if successful, could push the ratio down to its annual low at 75, a favorable outcome for silver. Despite the rate hikes, which are generally bearish for interest-free precious metals, demand remains robust, indicating strong fundamentals. From a technical perspective, silver's attempts to establish an upward trend were halted in the $25-$26 range in 2022 and 2023. However, a combination of positive factors, including the current trend in the gold/silver ratio and the end of the rate hike cycle, could push silver above $26. This move could trigger a buying wave that might propel silver toward the 2020 highs around the $30 mark. [Read the article here.]( Anglo American Raises Quarterly Production In Spite Of A Plunge In PGM Output Anglo American reported an 11% increase in overall production volumes despite a significant drop in output from its subsidiary Anglo American Platinum due to operational challenges and Eskom load shedding. This rise in production was largely due to ramp-ups at the new Quellaveco copper mine in Peru. However, De Beers' diamond production decreased by 5% due to planned reduction from South Africa, while copper production for Anglo American was 56% higher. The performance of the platinum group metals production under Anglo American Platinum was impacted by operational challenges and electricity load shedding. [Read the article here.]( Advertisement If one is seeking a reliable and reputable source for precious metals GoldSilver.com stands as the unparalleled choice. 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We are also recognized for providing unparalleled customer service and support. Our team is available to address any questions you may have, regardless of whether you are new to the scene or an experienced investor. GoldSilver.com is your go-to destination for precious metals investing and education. [Discover GoldSilver.com Today!]( [Subscribe today]( for the full report and portfolio. The Knowledge You Need to Build and Preserve Your Wealth The Morgan Report: Your Ultimate Source to Surviving and Thriving in a World of Financial Uncertainty. Do you feel like you're constantly struggling to keep up with the latest economic news and trends? Are you tired of taking a 40% haircut every time the markets collapse? If so, the Morgan Report is here to help.! The Morgan Report is an exclusive membership-based publication that provides in-depth analysis and expert insight on the global economy and the financial markets. With a focus on precious metals and resource investments, the Morgan Report offers a unique perspective on the complex and ever-changing world of finance. Led by David Morgan, a renowned economist, and financial commentator, the Morgan Report is your ultimate guide to surviving and thriving in a world of financial uncertainty. You'll gain access to exclusive reports, video updates, and real-time alerts on the latest market developments and investment opportunities. Plus, you'll be part of a community of like-minded individuals who are all working to build a more secure financial future. Don't miss out on this incredible opportunity to join the Morgan Report and start taking control of your financial future. With a special offer just for new members, now is the time to act. Don't wait - join the Morgan Report today and start on the path to financial freedom! [Discover What The Morgan Report Can Do For You!]( STAY CONNECTED WITH US [Twitter]( [Linkedin]( [Youtube]( [Website]( [Email](mailto:support@themorganreport.com) Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein. Brought to you by The Morgan Report | www.TheMorganReport.com 621 Mallon Suite 307 Spokane WA 99201 USA [Unsubscribe]( | [Change Subscriber Options](