Asian Metals Market Update: December-21-2017

‘Spend wisely and Invest lavishly should be life mantra for 2018’
American companies announcing large bonuses for its employees after the passage of Tax bill will result in higher consumption in the first quarter of next year. Higher retail consumption in the USA will result in higher employment and higher profitability. Global stock markets will remain firm and result in rosier projections for economic growth in the USA and China.
Negative news surrounding crypto currencies like hacking etc this week is state manipulated. States know that block chain technology is like the Linux of the world (which is free) and not windows (which is very expensive).

This post was published at GoldSeek on 21 December 2017.

Asian Metals Market Update: November-10-2017

The US dollar weakened and gold rose on suspicion that Trump’s tax cut proposal could see modifications. The next seven days is filled with market moving US economic data releases. The answer which investors will be looking for is what next after the expected December interest rate hike by the Federal Reserve. I am looking into global inflation/deflation targets for next year. Energy price trend will play a key role in inflation direction next year. The big challenge is to judge the pace of rise of crude oil prices and not the actual rise. At the moment the bottom for crude oil looks at $42 and top at $86+ in the next twelve months.
Developments in bitcoins and block chain technology are being closely watched.

This post was published at GoldSeek on 10 November 2017.

Precious Metals & The Block Chain, A Game Changer? David Morgan

The following video was published by The Morgan Report on Jun 15, 2017
Precious Metals expert David Morgan’s talk at the Cambridge House Metal Writers Conference in Vancouver.
His talk was on the state of Blockchain technologies along with the pros and cons of this technology and its role as currency.
He goes through the parabolic cycle and compares it to the 1980 parabolic cycle of silver and gold.
Other things is the dangers of Bitcoin and Blochchains in a volitile digital cyber security world.

Central Bankers Transition Into The Next Currency Is Almost Complete – Episode 1075a

The following video was published by X22Report on Sep 14, 2016
CEO’s of Corporate America are saying the economy does not look that good, 36% says they will layoff employees and 37% say their will be no change. US import prices tumble for the 25th month in a row. Baltic Dry Index falls by 40 points. Wells Fargo is just the first bank, this is starting to look a lot like 2008. China says they will fight Obama’s claims for price setting. Venezuela is deteriorating very quickly, hyper inflation is setting in. Marc Faber is warning that the central banks will own everything. The US House of Representatives signals support for Block Chain Currency, setting the stage for the transition.


Gold:1344.30 down $5.10
Silver 19.76 down 29 cents
In the access market 5:15 pm
Gold: 1345.20
Silver: 19.80
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 3 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 45 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 7 (10:15 pm est last night): $1352.07
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$1353.00
London Fix: Sept 7: 3: am est: $1348.25 (NY: same time: $1351.05: 3 AM)
London Second fix Sept 7: 10 am est: $1348.25 (NY same time: $1349.63 , 10 AM)
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex
For gold:The front September contract month we had 399 notices filed for 39900 oz
For silver: the month of September we have a total of 429 notices filed for 2,145,000 oz
Let us have a look at the data for today

This post was published at Harvey Organ Blog on September 7, 2016.

Anthem Vault, Inc. Raises $3.2 Million Ahead of HayekGold Launch: Liquid, Spendable, Digital Gold

Anthem Vault, Inc., a provider of retail gold and silver bullion and vaulting services, today announced that it has raised a combined $3.2 million — both a Founders' Seed Round of $1.6 million and matching Series A Financing of $1.6 million of its equity securities under Regulation D, Rule 506(c) from accredited investors in the pharmaceutical, healthcare, financial services, retail, datacenter, telecommunications, government and entertainment sectors – for the launch of HayekGold, a global open digital gold payment platform powered by the Bitcoin block chain.
Introduced on Memorial Day, HayekGold is a gold-backed digital currency with unparalleled stability and intrinsic value; each is backed by one gram of vaulted and insured gold bullion.
"Bitcoin was a trailblazer in the arena of global digital currency and HayekGold builds on that foundation," said Founder & CEO Anthem Hayek Blanchard. "Gold combined with a stable cryptocurrency forms a perfect union — a free, instant, secure and reliable payment system for goods and services anywhere in the world simply, swiftly and safely."

This post was published at Market Watch

First Blythe Masters, Now Goldman Investing In Bitcoin

When Bitcoin first appeared, its proponents valiantly claimed that the revolutionary new digital currency was nothing more than a modernized version of a legacy non-fiat currency such as gold or silver, one which would allow global transactions seamlessly and without tracking by monetary authorities, but one which was more convenient than gold as one would never actually have to hold it – the “bitcoin” could be stored safely in virtual vaults that could be accessed anywhere in the world. Most importantly, it would be a libertarian statement of non-compliance with the fiat status quo.
Then MtGox happened and “unexpectedly” thousands of Bitcoin users found out they had been corzined, and their digital “money” – which supposedly was tracable – had disappeared forever.
Of course, fraud happens, so this humiliating incident to what was once the biggest bitcoin exchange was promptly brushed off.
But when a little over a month ago we reported that none other than former head of JPM’s commodities head, Blythe Master, had reemerged from the shadows as chief executive of the Bitcoin startup Digital Asset Holdings, then all those who valiantly clung to the belief that Bitcoin is some aspiration to a libertarian, anti-status quo contrarianism, were promptly quieted.
As the FT reported then, the startup aims to be a venue for buyers and sellers of financial assets to meet and transact, switching currencies into bitcoin in order to cut the cost and time of settlement and make use of the decentralised ‘block chain’ as a secure record of transactions.”

This post was published at Zero Hedge on 04/30/2015.

Keiser Report: Kim Kardashian’s Bottom as Model of UK Economy (E682)

The following video was published by RT on Nov 20, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss David Cameron doubling down on failure as ‘global recession looms.’ With a fair and balanced view at Cameron’s claims of ‘paying down government debt,’ Max and Stacy concede that national debt growing from 580 billion in 2007 to 1,400 billion today could, using certain accounting tricks, be seen as the shrinking debt load. In the second half Max interviews Reggie Middleton of and about the block chain, the tech sector and more.