• Category Archives War
  • JULY 25/COMEX OPTIONS EXPIRY AND AS ALWAYS GOLD AND SILVER ARE HIT: GOLD FALLS $2.10 BUT SILVER RESPONDS AND RISES 10 CENTS/GLD HAS A LOSS OF 9.17 TONNES/SLV HAS A LOSS OF 3.309 MILLION OZ/TURKEY…

    GOLD: $1252.40 DOWN $2.10
    Silver: $16.55 UP 10 cent(s)
    Closing access prices:
    Gold $1250.00
    silver: $16.52
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1259.96 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1254.25
    PREMIUM FIRST FIX: $5.71
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    SECOND SHANGHAI GOLD FIX: $1262.69
    NY GOLD PRICE AT THE EXACT SAME TIME: $1257.25
    Premium of Shanghai 2nd fix/NY:$5.44
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    LONDON FIRST GOLD FIX: 5:30 am est $1252.00
    NY PRICING AT THE EXACT SAME TIME: $1252.50
    LONDON SECOND GOLD FIX 10 AM: $1254.40
    NY PRICING AT THE EXACT SAME TIME. $1254.50
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 6 NOTICE(S) FOR 600 OZ.
    TOTAL NOTICES SO FAR: 157 FOR 15700 OZ (.4883 TONNES)
    For silver:
    JULY
    122 NOTICES FILED TODAY FOR
    610,000 OZ/
    Total number of notices filed so far this month: 3149 for 15,745,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK:
    COMEX OPTIONS EXPIRY: TOMORROW JULY 26.2017
    LONDON BASED OPTIONS EXPIRY: JULY 31.2017 AT 11AM OR SO.
    (OTC/LBMA CONTRACTS)

    This post was published at Harvey Organ Blog on July 25, 2017.


  • JULY 17/GOLD RISES $4.20/SILVER UP ANOTHER 17 CENTS/GLD LOSES ANOTHER 1.77 TONNES DESPITE GOLD’S GAIN!!/CHINESE SMALL CAPS CRASH LAST NIGHT/ITALY CANNOT HANDLE ANY MORE MIGRANTS: GIVES THE EU AN …

    GOLD: $1234.50 UP $4.20
    Silver: $16.13 UP 17 cent(s)
    Closing access prices:
    Gold $1234.50
    silver: $16.13
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1241.75 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1231.60
    PREMIUM FIRST FIX: $10.15
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    SECOND SHANGHAI GOLD FIX: $1241.37
    NY GOLD PRICE AT THE EXACT SAME TIME: $1231.00
    Premium of Shanghai 2nd fix/NY:$10.37
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    LONDON FIRST GOLD FIX: 5:30 am est $1229.85
    NY PRICING AT THE EXACT SAME TIME: $1230.45
    LONDON SECOND GOLD FIX 10 AM: $1234.10
    NY PRICING AT THE EXACT SAME TIME. $1234.45
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.
    TOTAL NOTICES SO FAR: 120 FOR 12000 OZ (.3732 TONNES)
    For silver:
    JULY
    51 NOTICES FILED TODAY FOR
    255,000 OZ/
    Total number of notices filed so far this month: 2866 for 14,330,000 oz

    This post was published at Harvey Organ Blog on July 17, 2017.


  • Stocks and Precious Metals Charts – The Calm Before the Storm

    ‘In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.’
    Thomas Frank
    ‘It is my purpose, as one who lived and acted in these days, first to show how easily the tragedy of the Second World War could have been prevented; how the malice of the wicked was reinforced by the weakness of the virtuous.’
    Winston S. Churchill, The Gathering Storm
    Here is some knowledge.

    This post was published at Jesses Crossroads Cafe on 13 JULY 2017.


  • The Tripwire on the Next ‘Black Monday’

    ‘Black Monday’ – Oct. 19, 1987 – the bloodiest one-day carnage in market history…
    The Dow plunged 508 points that hell-mouth day – an unthinkable 22%.
    A similar stock market event today would spell a 4,724-point cataclysm.
    We liken that October day in 1987 to the ancient Battle of Cannae… when invincible Rome lost as many as 70,000 legionnaires to Hannibal’s armies – in a single day.
    Or July 1, 1916, the first day of the Battle of the Somme, when nearly 20,000 British soldiers fell before the German guns… and never got up.
    What could lead today’s market to its own Cannae, its own Somme… another Black Monday?
    Today we set aside our renowned optimism… enter into the spirit of doom… and consider one possibility.
    Harley Bassman is a world-class expert in derivatives – what Warren Buffett has termed ‘weapons of mass destruction.’
    Bassman’s taken the current market and put it under his microscope.
    He specifically wanted to answer:

    This post was published at Wall Street Examiner on July 12, 2017.


  • Metals Massacre

    The short week was quite volatile as traders sat on the beach and the weakness in metals was the standout in my books.
    Let’s move right into the charts and check into the carnage.
    ***
    Gold lost 2.62% and broke a major uptrend line.
    The action was very, very poor and on heavy volume which tells me more downside is in golds near future.
    Looks to me like the major $1,180 pivot area is soon to be back in play and below that, support sits down at $1,130.
    Let’s see how next week plays out but $1,180 should be a good level to at least get a short-term bounce play.
    Time will tell.

    This post was published at GoldSeek on Sunday, 9 July 2017.


  • What Real Independence Looks Like — Nick Giambruno

    Every July 4, Americans have less independence to celebrate.
    The country’s original principles preserved a certain degree of independence for the individual. But today, the US only pays lip service to those ideals. In light of Independence Day, I think we should consider an important question:
    What does real independence look like, and how can you achieve it?
    Anyone paying the slightest attention to the welfare/warfare state knows what it does not look like:

    This post was published at International Man


  • China Sends Warships, Fighter Jets To Intercept US Destroyer In South China Sea

    Just days before Trump’s meeting with the Chinese president in Hamburg later this week for the G-20 summit, the Trump administration sent a guided-missile destroyer near Triton Island in the South China Sea, Bloomberg reported, a move “which may cause concern ahead of President Donald Trump’s meeting with his Chinese counterpart.”
    According to an anonymous official cited by Bloomberg, the U. S. Navy sent the destroyer USS Stethem within 12 nautical miles (22 kilometers) of Triton Island on Sunday, passing through the contested waters on the basis of “innocent passage.”

    This post was published at Zero Hedge on Jul 2, 2017.


  • What Problems Are We Solving by Increasing Complexity?

    The incremental increase in systemic complexity is rarely if ever recognized as a problem that additional complexity can’t solve. The Collapse of Complex Societies fame has observed that societies increase complexity to solve pressing problems that cannot be resolved with existing solutions. What is complexity in this context? More organization, more layers of management, higher levels of specialization, an expansion of roles and differentiated areas of expertise, more channels of communication, more feedback loops, and an increase in the quantity and types of communication. All of which consumes more energy and more treasure, not just to build the infrastructure of this increased complexity but to train the staff and maintain the higher costs going forward. Which raises the obvious question: how does increasing cost solve anything? Doesn’t increasing the cost of a system create the problems resulting from taking money from some other source to pay the higher costs? There are several different answers to this question. 1. The problem that must be solved is an existential threat to the society, and therefore cost is no longer an issue. World War II offers a historical example of an existential threat requiring a vast expansion of complexity and cost. The upside of this dynamic is the problem is resolved relatively decisively by either victory or defeat. The downside is the vast sums borrowed to fund the war effort must be paid, or at least the interest must be paid–or the enormous debts must be renounced, crippling trust and the credit system.

    This post was published at Charles Hugh Smith on WEDNESDAY, JUNE 28, 2017.


  • Belgian Troops Shoot ‘Terrorist’ Suicide Bomber Screaming “Allahu Akbar” In Brussels Station

    Update 2: according to a Belgium prosecutor, the incident has been deemed to be a terrorist attack.
    #BrusselsCentralStation incident deemed to be act of terrorism, according to prosecutor.
    — Steve Herman (@W7VOA) June 20, 2017

    * * *
    Update: The suspect in Brussels train station blast shouted “Allahu Akbar,” according to a witness quoted by AFP.

    This post was published at Zero Hedge on Jun 20, 2017.


  • Situation “Under Control” After Armed Gunmen Storm Luxury Resort Outside Mali Capital, Hostages Freed

    BREAKING: UN mission official: Terror attack underway at resort area in Mali's capital; casualties, hostages reported.
    — The Associated Press (@AP) June 18, 2017

    Update: AFP reports that about 20 hostages seized in Bamako resort attack are freed, according to security minister
    A luxury resort popular with Western expats outside Mali’s capital Bamako has been stormed by armed gunmen on Sunday, a spokesman at the Security Ministry said according to Reuters.
    The attack took place at the Le Campement resort in Dougourakoro, to the east of the capital Bamako, and is said to still be going on. The rural resort offers luxury accommodation, a spa and three swimming pools, as well as running excursions and sports for guests.

    This post was published at Zero Hedge on Jun 18, 2017.


  • JUNE 8/4 BILLION DOLLARS WORTH OF PAPER GOLD FLOOD THE COMEX (40.5 TONNES) WHICH CAUSES GOLD AND SILVER TO FALTER/NORTH KOREA FIRES MULTIPLE BALLISTIC MISSILES AS BASICALLY THEY HAVE NOTHING ELSE…

    GOLD: $1276.30 down $13.80
    Silver: $17.39 down 19 cent(s)
    Closing access prices:
    Gold $1294.30
    silver: $17.68
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1294.64 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1286.60
    PREMIUM FIRST FIX: $6.06
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    SECOND SHANGHAI GOLD FIX: $1294.90
    NY GOLD PRICE AT THE EXACT SAME TIME: $1287.90
    Premium of Shanghai 2nd fix/NY:$7.00
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    LONDON FIRST GOLD FIX: 5:30 am est $1284.80
    NY PRICING AT THE EXACT SAME TIME: $1284.90
    LONDON SECOND GOLD FIX 10 AM: $1273.10
    NY PRICING AT THE EXACT SAME TIME. $1274.60 ??
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 57 NOTICE(S) FOR 5700 OZ.
    TOTAL NOTICES SO FAR: 2105 FOR 210,500 OZ (6.5474 TONNES)
    For silver:
    For silver: JUNE
    9 NOTICES FILED TODAY FOR 45,000 OZ/
    Total number of notices filed so far this month: 499 for 3,495,000 oz

    This post was published at Harvey Organ Blog on June 8, 2017.


  • CNN Host Calls Trump “Piece Of Shit… Embarrassment To Humankind”

    Shortly after Saturday’s latest Islamic terrorist attack in London, when Trump was once again bashed for assuming that it was, well, a terrorist attack – which in retrospect turned out to be accurate – a CNN host slammed Trump for his kneejerk reaction to the attack and his renewed call for a travel ban. As noted last night, Trump took to Twitter Saturday evening, saying, ‘We need to be smart, vigilant and tough. We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!’
    We need to be smart, vigilant and tough. We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!
    — Donald J. Trump (@realDonaldTrump) June 3, 2017

    This post was published at Zero Hedge on Jun 4, 2017.


  • Trump Blasts London Terrorist Attacks: “We Must Stop Being Politically Correct” Or “It Will Only Get Worse”

    After a torrid night, in which at least seven people were killed in a terrorist rampage by three knife-wielding assailants in London, President Trump took to Twitter to warn terrorism will ‘only get worse’ if officials don’t ‘get down to the business of security for our own people’ and end political correctness.
    ‘We must stop being politically correct and get down to the business of security for our people. If we don’t get smart it will only get worse,’ he tweeted just after 7am ET on Sunday as the world reeled from the third deadly terrorist attack in the UK in less than three months.
    We must stop being politically correct and get down to the business of security for our people. If we don't get smart it will only get worse
    — Donald J. Trump (@realDonaldTrump) June 4, 2017

    This post was published at Zero Hedge on Jun 4, 2017.


  • “The Western Status Quo Political System Is Collapsing Into ‘Something Else'”

    Authored by Ben Hunt via EpsilonTheory.com,
    Michael Corleone: I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren’t.
    Hyman Roth: What does that tell you?
    Michael Corleone: They could win.
    Hyman Roth: This county’s had rebels for the last fifty years – it’s in their blood, believe me, I know. I’ve been coming here since the ’20s. We were running molasses out of Havana when you were a baby – the trucks, owned by your father.
    Hyman Roth: Michael, I’d rather we talked about this when we were alone. The two million never got to the island. I wouldn’t want it to get around that you held back the money because you had second thoughts about the rebels.
    ? ‘The Godfather: Part II’ (1974)

    This post was published at Zero Hedge on Jun 1, 2017.


  • Manchester Attack Sees Asian Stocks Fall, Gold Firm

    The appalling attack in Manchester overnight in which over 22 people have been killed has led to a slight uptick in risk aversion in markets.
    Investors are cautious after police said they were treating a bombing at a concert in the Manchester Arena as a ‘terrorist incident’.
    ***
    Asian stocks gave up gains after the attacks and European indices had a subdued start.
    Gold rose in the aftermath of the attacks to three week highs prior to giving up some of the gains by mid morning trading.

    This post was published at Gold Core on May 23, 2017.


  • Junior Gold Stock ETF Poised to Create ‘Fire Sale’ Opportunity in Gold Stocks

    The creator of the wildly popular junior gold stock ETF has a 4 billion dollar problem.
    Although the mainstream media is reporting on this big problem, it’s missing the story’s most important detail… one that could help you make large capital gains over the next 12 months.
    I believe that very soon, a major issue with the junior gold stock ETF will create an opportunity to buy some of the world’s most valuable junior gold companies for pennies on the dollar… all thanks to a coming tsunami of selling that has nothing to do with the companies themselves.
    And it’s all thanks to a developing story in the popular VanEck Junior Gold Miner ETF (symbol GDXJ).
    I expect the opportunity around the corner will be so big that I’m getting millions of dollars of my own money ready to deploy. You could say I’m ‘amassing troops at the border.’
    This situation is urgent. It’s going to arrive quickly and play out quickly. And as I’ll explain, what’s coming in just a few short months may be the last great gold stock buying opportunity you get for a decade.

    This post was published at GoldSeek on 9 May 2017.


  • Who Are The Biggest Losers From The Puerto Rico Bankruptcy

    Back in 2013, markets tumbled (if briefly) on the news that Detroit would file for bankruptcy, at the time the biggest municipal bankruptcy in US history with over $18 billion in liabilities. Yesterday, algos barely even bothered to look up when Puerto Rico’s governor announced that the US Commonwealth would submit Title III (aka bankruptcy) protection, despite a debt load of more than $70 billion, or nearly four times greater than Detroit’s.
    So does that mean that there are no losers or casualties (metaphorically speaking for now) from the bankruptcy filing? The answer is that in addition to the citizens of Puerto Rico of course, more than half of whom live in poverty and who are about to be crushed by even more austere financial conditions (that said, nobody ever complained when Puerto Rico was raking in the billions in debt), the biggest losers are a handful of hedge and mutual funds, all of whom were attracted by the island’s high yields forgetting that yields were high in the first place for a reason.
    Here’s a list, courtesy of the WSJ:
    At the top of the pile are plain vanilla mutual funds, which held about $14 billion of Puerto Rico’s outstanding bonds as of March, according to Morningstar Inc. Two fund families, OppenheimerFunds and Franklin Templeton Investments, held most of the debt. About 7% of Franklin’s debt was insured as of mid-March, the WSJ calculates, which also means that 93% was not and will suffer impairments.

    This post was published at Zero Hedge on May 4, 2017.


  • Central Banks Are Talking More Than Ever

    This note takes a brief look into “narrative economics” and the link to central banks.
    In the wake of the financial crisis, central banks have stepped up their communications, whether in the form of speeches, press conferences, or the like.
    While not a quantitative style of understanding economics, it may prove a useful tool to understanding broad shifts in the economy.
    Robert Shiller, in a discussion paper earlier this year, laid out the argument for economists paying closer attention to the “narratives” surrounding economics. To Shiller, popular narratives drive more of the fundamental economic outcomes than economists are typically willing to admit.
    For example (one provided by Shiller), the 1921 recession following the end of World War I was, in part, driven by narrative. In contrast to the typical explanation of why it occurred (a central banker went on a long vacation), there are more fundamental reasons for the downturn, including a 50% increase in the price of oil (with wide-spread fear that oil production would peak in a few years) and-probably the most important-deflation expectations. Because consumers believed that prices would fall, they held back from making purchases.

    This post was published at Zero Hedge on May 2, 2017.


  • Russian Senator Warns UK “Risks Being Wiped Off The Face Of The Earth”

    It would appear that British defense minister Michael Fallon’s comments that The UK could launch a preemptive nuclear strike “in the most extreme circumstances,” was not an implicit threat that the deputy head of the Russian Federation Council’s Committee for Defense and Security took lightly.
    ***
    In a terse Facebook posted response, Frants Klintsevich raged:
    “I think that the statement by the minister of defence of Britain’s Michael Fallon deserves a harsh response, and I’m not afraid to push him over the edge.
    At best this statement should be seen as a certain element of psychological warfare, which looks especially revolting in this context.

    This post was published at Zero Hedge on Apr 26, 2017.