NOV 3/POOR JOBS REPORT BUT THAT DID NOT MATTER AS THE CROOKS RAIDED GOLD AND SILVER/COMEX SILVER OI CONTINUES TO RISE WITH ITS LATEST READING OVER 206,000 CONTRACTS/AFTER THE USA FINISHED OFF ISI…

GOLD: $1268.90 DOWN $8.65
Silver: $16.85 down 27 cents
Closing access prices:
Gold $1270.00
silver: $16.86
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: $1300.00 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1280.05
PREMIUM FIRST FIX: $19.90(premiums getting larger)
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SECOND SHANGHAI GOLD FIX: $1292.04
NY GOLD PRICE AT THE EXACT SAME TIME: $1277.00

This post was published at Harvey Organ Blog on November 3, 2017.

Signs of the Endgame

There’s no denying these are quite interesting times, in a Chinese curse sort of way. Only an asteroid on a collision course with Earth, or an ISIS nuclear detonation, could make the world seem any more interesting than it already is. Under the circumstances, it’s tempting to predict that, any day now, the stock market will recalibrate itself to the grim realities of a civilization in eclipse, and, more urgently, to a Trump presidency dangerously adrift.
With the foregoing in mind, I present today a chart that shows DIA, an ETF vehicle that tracks the Dow Industrials, rolling down from on high. There is a lot of white space below it, more than ever before, and that is what makes the chart seem so scary. Even so, you can see that all such disturbances in the past were ultimately resolved in favor of bulls, usually quickly. Perhaps that will prove to be the case this time as well.

This post was published at GoldSeek on Monday, 21 August 2017.

Keener Risk Aversion In World Marketplace After Spain Terror Attacks

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
(Kitco News) – World stock markets were mostly lower in overnight trading. The U. S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The marketplace is reacting with keener risk aversion to an ISIS terror attack in Barcelona, Spain Thursday, in which a van rain into a crowd and killed 13 people. A second attack in another town in Spain was thwarted by police, who killed five terrorists.
Gold prices are higher in pre-U. S. day session trading Friday and hit a 2.5-month high above $1,300 an ounce on some more safe-haven demand and technical buying.
Traders and investors are also pondering the future progress of the Trump administration’s objectives. Many believe the administration is in turmoil.

This post was published at Wall Street Examiner by Jim Wyckoff ‘ August 18, 2017.

Frontrunning: June 30

Rhetorical question of the day: Twisted Geniuses or Bumbling Ex-Academics? (WSJ) Markets Steady on Quarter’s Last Day (WSJ) Their fortunes enmeshed, Trump and Putin to hold first meeting next week (Reuters) Oil Is Set for Longest Rally of 2017 (BBG) Brightening economy sets euro up for strongest quarter since debt crisis (Reuters) Eurozone Inflation Falls Again in Setback for ECB (WSJ) Trump’s Travel Ban Takes Effect, Setting Strict Entry Limits (WSJ) China says HK joint declaration no longer has meaning (Reuters) U. S. likely to bar Japan investigators from interviewing warship crew, official says (Reuters) Chinese Regulators Play Whac-A-Mole With Banks (WSJ) Trump says he is sending federal help to fight Chicago crime (Reuters) Iraq’s Dilemma: Who Will Lead the Next Big Fight Against ISIS? (WSJ) Shkreli’s Hedge Fund Went From Success to Bust in 31 Minutes (BBG) Ron Dennis to Sell Stakes in McLaren, Step Down as Chairman (BBG) Twitter is looking for ways to let users flag fake news, offensive content (WaPo) Europe’s Car-Leasing Boom Sets Off Alarm Bells (BBG) Google’s Main Strategy Is Under Threat From EU (WSJ) German lawmakers approve same-sex marriage in landmark vote (Reuters) Electric Cars Are Coming Faster Than You Think (BBG) China ‘outraged’ by $1.42 billion planned U. S. arms sales to Taiwan (Reuters) Traders Who Left Banks for Hedge Funds Now Heading Back to Banks (BBG) Heathrow Express Braces for Crossrail to End Airport Monopoly (BBG)

This post was published at Zero Hedge on Jun 30, 2017.

JUNE 7 B/GOLD AND SILVER HELD IN CHECK BY THE BANKERS: GOLD DOWN $4.30 AND SILVER DOWN 9 CENTS BUT THEN THEY WERE WHACKED IN THE ACCESS MARKET/FOR THE 4TH CONSECUTIVE DAY THE AMOUNT OF SILVER STA…

GOLD: $1290.10 down $4.30
Silver: $17.58 down 9 cent(s)
Closing access prices:
Gold $1294.30
silver: $17.68
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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: $1297.97 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1290.60
PREMIUM FIRST FIX: $5.37
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SECOND SHANGHAI GOLD FIX: $1298.88
NY GOLD PRICE AT THE EXACT SAME TIME: 1291.75
Premium of Shanghai 2nd fix/NY:$7.13
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LONDON FIRST GOLD FIX: 5:30 am est $1292.79
NY PRICING AT THE EXACT SAME TIME: $1293.10
LONDON SECOND GOLD FIX 10 AM: $1291.00
NY PRICING AT THE EXACT SAME TIME. $1291.25
For comex gold:
JUNE/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 121 NOTICE(S) FOR 12100 OZ.
TOTAL NOTICES SO FAR: 2048 FOR 204800 OZ (6.3701 TONNES)
For silver:
For silver: JUNE
4 NOTICES FILED TODAY FOR 20,000 OZ/
Total number of notices filed so far this month: 490 for 3,450,000 oz

This post was published at Harvey Organ Blog on June 7, 2017.

Asian Metals Market Update: June-01-2017

Factors which can affect markets
There are a lot of economic data releases today. There is even the US weekly crude oil inventory today. The next two days are make or break days for metals and energies. Either they rise or there will be a big crash.
In June the factors that I will be looking at are: (a) The impact of May nonfarm payrolls on US interest rate hikes for the rest of the year (b) UK elections. A bad performance by Ms. Theresa May can result in zooming of gold prices on safe haven demand and vice-versa. (c) The situation in Philippines should never be ignored due to its strategic location. If the war with ISIS in Philippines spreads to some geographical area in the nation, gold prices will be positively affected. (d) Direction of bitcoin will also affect gold prices.

This post was published at GoldSeek on 1 June 2017.

Asian Metals Market Update: May-29-2017

It is a big week for the US dollar as well as gold, silver and industrial metals. US May nonfarm payrolls will set the trend for the US dollar and also decide whether there will be more than one interest rate hike by the Federal Reserve this year. UK elections trends can result in safe haven demand for gold from the nation. India will decide the GST rate on gold sales and jewelry sales this week too.
Geopolitics gets a new nation in the form of Philippines. State versus ISIS war in a small region of the nation will greater chances of the same spreading to more parts of Philippines. The current situation in Philippines is similar to Syria of 2012. Assad’s war started with a small bunch of so called terrorists which has gulped the whole nation. I will be looking for clues whether Philippines will be converted into a Syria as state heads of both these nations do not bow to the whims and fancies of NATO leaders. (NATO and the UN have a history of ousting pro people leaders like Gadaffi, Assad, Hosni Mubarak to name a few). I am very confident that both gold and bitcoins will benefit if the situation in the Philippines turn to worse.
Philippines problems get aggravated by its neighbor, the most populous Islamic nation in the world ‘Indonesia’ and also Malaysia. Indonesia and Malaysia have a great percentage of population leaning towards the ISIS. The peaceful nation of Australia will also get affected if Philippines problems get aggravated. I am looking at the geopolitical developments in East Asia including the South China Sea.

This post was published at GoldSeek on 29 May 2017.

America’s financial war strategy

Abstract
America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its final phase. China’s exit plan appears to be to tie the pricing of energy and then other major commodities to gold, returning to the pre-1971 status quo, when the dollar was just a settlement link between commodity prices and gold. Except this time, the dollar itself will be side-lined, so far as China is concerned, which will use the yuan instead for its empire, which will be far larger than that of the US in time, measured by GDP.
Introduction
The day President Trump assumed office, it appeared that at last there would be dtente with Russia, leading to America’s withdrawal from unwinnable conflicts and towards a new peaceful agreement between these long-term enemies. However, within the traditional presidential bedding-down period of one hundred days, Trump has gone from his electoral platform of disengagement from foreign ventures to overt aggression in multiple locations.
Something major has changed his thinking. Trump has committed no less than five acts of foreign aggression in that short time, with a sixth pending. The first was a joint operation with Emirati commandos in Yemen, which backfired, leading to the death of a Navy SEAL. The second was the recent attack on a Syrian airfield, in response to an alleged poison gas attack. The third is the escalation of military threats against North Korea. The fourth is the bombing of a cave network in Eastern Afghanistan. And the fifth is the deployment of more troops to Northern Iraq and Eastern Syria to step up the fight against ISIS. The rhetoric is also being ramped up against America’s long-term bogeyman, Iran.
The three theatres of war that offer the best prospects for further escalation are Syria, Korea, and Iran. They are in two regions where significant quantities of dollars are owned and invested, offering the potential for capital flight, which should be kept in mind, when reading this article.
Trump is also seeking congressional approval for an increase in defence spending totalling $54bn, a massive increase which, to put it in perspective, compares with Russia’s total defence budget of $66bn.
The default assumption is that American military power and weapons technology guarantees battlefield objectives will be achieved. This hasn’t usually been the case since the first Iraq invasion in 1990. Since then, any initial success has been more than outweighed by subsequent failures and unintended consequences. It is because of American-led operations in Iraq, Afghanistan, Libya and Syria that Europe is flooded with refugees, bringing undercover terrorists with them. There can be little doubt that a dispassionate analyst would recommend America abandons military action, so there must be other reasons behind America’s war-mongering.
China, itself a long-time strategic target for American aggression, is sure to be worried about the escalation of threats to North Korea, and with good reason. In terms of trade, South Korea is now an important trading partner, and for that reason, China will not want to see the situation on the Korean peninsula deteriorate. She will also not want America securing territory which abuts her border. Russia has a small border with North Korea as well and is likely to share that view. However, Russia’s trade is not so much with South Korea, but she is a major arms supplier to the North.

This post was published at GoldMoney on APRIL 20, 2017.

Is Trump About to Flip-flop?

Nearly three stymying months in office, Trump strikes us as a man fixing to get something done.
First health care flopped.
And tax reform – the kind Wall Street pinned its hopes upon – may soon follow.
House Speaker Paul Ryan said yesterday that tax reform will take even longer than health care. Worse, he said Trump and Congress were actually closer on health care than on taxes.
That’s two major tests – health care and taxes – flunked. For now at least.
And so the blush comes off the peach.
But is Trump about to seek victory on another front… even if it means unintentionally aligning with ISIS?
We investigate the possibility today.
But first a check on the races…
Stocks closed lower yesterday after minutes from the Fed’s most recent confab. They suggested the Fed might soon start paring back its market-supporting $4.5 trillion balance sheet.

This post was published at Wall Street Examiner on April 6, 2017.

‘Most Secure Coin In the World’ ?

– New pound coin ‘most secure coin in world’ ?
– New British 1 coins much harder to counterfeit
– Pound coin uses ‘secret’ cutting edge technology
– Coins uses ‘iSIS’ technology which may involve RFID tags
– Central banks, governments may be able to track coins
– Libertarians and privacy advocates will have concerns
– ‘Secure coin’ yes but real risk is that savings not secure due to currency debasement
– Now new risk to bank deposits as all digital wealth exposed to hacking and cyber fraud
– Sound as a pound? Safer to stick with true ‘coin of the realm’
– Gold and silver Sovereigns and Britannias (VAT and CGT free) are only truly secure coins
***
The UK launched what is being touted as the ‘most secure coin in the world’ yesterday – the day before Brexit day.
People have reacted with mixed emotions regarding the introduction of the newly designed pound coin which entered circulation yesterday. The new coins have been created using ‘cutting edge technology’ by the Royal Mint
The new 12-sided coin will replace the current one, which has been in use for three decades. The current pound coin will remain legal tender alongside the new coin for just over six months until 15 October this year, after which retailers are under no obligation to accept it.

This post was published at Gold Core on March 29, 2017.

JAN 9/GOLD AND SILVER RISE/ DESPITE THE RISE IN GOLD: 8.87 TONNES OF GOLD WITHDRAWN FROM GLD/ NO SILVER LEAVES SLV/CHINA CRACKDOWN ON BITCOIN/CHINESE FOREIGN EXCHANGES RESERVES FALL BELOW $3.0 TR…

Gold at (1:30 am est) $1183.50 UP $11.60
silver at $16.63: UP 17 cents
Access market prices:
Gold: $1181.20
Silver: $16.58
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
MONDAY gold fix Shanghai
Shanghai morning fix Jan 9/17 (10:15 pm est last night): $ 1193.79
NY ACCESS PRICE: $1174.95 (AT THE EXACT SAME TIME)/premium $18.75
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1192.97
NY ACCESS PRICE: $1174.25 (AT THE EXACT SAME TIME/2:15 am)
HUGE SPREAD 2ND FIX TODAY!!: $18.72
China rejects NY pricing of gold as a fraud/arbitrage will now commence fully
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: Jan 9/2017: 5:30 am est: $.1176.100 (NY: same time: $1176.10 5:30AM)
London Second fix Jan 9.2017: 10 am est: $1178.50 (NY same time: $1178.50 (10 AM)

This post was published at Harvey Organ Blog on January 9, 2017.

Trump Is Exactly Where The Elites Want Him

Cognitive dissonance is a powerful drug. It makes otherwise-very-intelligent people goofy and incoherent in their thinking and blinds them to certain realities that they should normally see right in front of their noses. I witness it all the time in the field of economics – a key piece of logic, a key fact that certain people absolutely refuse to take into account simply because they have a singular idea of how the world works and they cannot allow that idea to ever come into question. They would rather leap into a mental gymnastics routine worthy of an Olympic gold medal than examine the truth. And if you confront them on it, they’ll accuse YOU of being the one in denial.
This is how we ended up with the credit crisis and market crash of 2008/2009. This is how very few people saw the writing on the wall with Syria and ISIS and the fact that the funding and training of Islamic extremists by Western governments for the purpose of proxy insurgency might not be such a great concept. It is the reason why it took years for the mainstream to acknowledge the advent of the East/West paradigm, the same paradigm that alternative analysts warned about years in advance. This is why most mainstream AND alternative analysts completely discounted a successful Brexit referendum. And, it is why the vast majority of pundits could not even conceive of a Trump victory in 2016. I could write a list 20 pages long on all the geopolitical and fiscal developments most people missed because they were clinging to assumptions rather than evidence.
Unfortunately, the liberty movement is also sometimes vulnerable to such assumptions. The most dangerous of which revolve around the rise of President-elect Donald Trump.
I have seen endless theories over the past several months on all the ways in which the global elites would sabotage the Trump campaign. I believe the phrase ‘they will never allow him to win’ was repeated in nearly every discussion on the election. The assumption in this instance was that Trump is ‘anti-establishment’ and, therefore, a threat to the globalists. These are the same globalists that people also claimed would ‘rig the election,’ or initiate a ‘coup’ in the electoral college to stop a Trump presidency.
Of course, this never happened. So, a large percentage of the movement needs to question – why didn’t it happen? How did Trump win within a system we know has been rigged for decades?

This post was published at Alt-Market on 30 December 2016.

Rising Rates in Imploding Bond Markets

From Larry Edelson: (format slightly edited) Published by Money and Markets and Miles Franklin blogs.
‘If you give it more than 5 seconds of brain time, it’s too much. Of course, Yellen was going to raise the Fed funds rate today. Free market forces have already done it for her over the past four or so weeks.
She could no longer not raise rates any more than I could stop ISIS all by myself, dead in its tracks on a moment’s notice.
Or change today’s weather. Or any market for that matter. All of this stuff is preordained in advance by the powers-that-be, which are essentially:
Raw human emotions on a mass scale repeated over and over again in fairly regular rhythms. The world is simply a great Shakespearean play, repeated over and over again, and the only things that really ever change are the actors on the stages. Yes, I’m talking social/political/economic cycles of the strongest kinds, all now coming together almost simultaneously for the first time since the Great Depression.

This post was published at Deviant Investor on December 16, 2016.

Dollar Illiquidity Getting Critical: A $10 Trillion Short Which The Fed Does Not Understand

In the latest report from ADM ISI’s strategy team, ‘Dollar Liquidity Threat is Getting Critical and Fed is M. I. A.’, Paul Mylchreest argues that mainstream economic luminaries (like Carmen Reinhart) are finally acknowledging the evolving crisis due to the dollar shortage outside the US, a topic which even the head researcher at the BIS shone a spotlight on yesterday suggesting that the strength of the dollar, not the VIX is the new “fear indicator”.
The bitter irony is that the institution which appears to have very little understanding of what’s actually happening is the Federal Reserve. We noted Stanley Fischer’s speech yesterday when he argued that liquidity is ‘adequate’…. at least he didn’t say ‘contained.’
Yet Dollar illiquidity has been one thing that central banks can’t control…think SNB and Swiss Franc, BoJ and Yen (full report on this below) and now the PBoC as the RMB looks at 6.90. Mylchreest points out that Fischer could take a look at dollar cross currency basis swaps (chart below) and the dollar liquidity problem would be immediately obvious.

This post was published at Zero Hedge on Nov 16, 2016.

SEPT 26/BIG DEBATE TONIGHT BETWEEN TRUMP AND CLINTON/CHINA’S TOTAL DEBT APPROACHING 300% AS SMALLER BANKERS HAVING TROUBLE WITH FINANCING/MERKEL RULES OUT BAIL OUT FOR DEUTSCHE BANK/DEUTSCHE BANK…

Gold $1339.70 up $2.50
Silver 19.52 down 21 cents
In the access market 5:15 pm
Gold: 1338.50
Silver: 19.46
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 26 (10:15 pm est last night): $ 1338.38
NY ACCESS PRICE: $1334.75 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1337.45
NY ACCESS PRICE: 1334.65 (AT THE EXACT SAME TIME)
HUGE SPREAD TODAY!!
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: Sept 26: 5:30 am est: $1336.30 (NY: same time: $1335.70: 5:30AM)
London Second fix Sept 16: 10 am est: $1340.50 (NY same time: $1341.40 , 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.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

This post was published at Harvey Organ Blog on September 26, 2016.

Dilbert Creator Scott Adams Explains Why He Switched His Endorsement To Trump

As most of you know, I had been endorsing Hillary Clinton for president, for my personal safety, because I live in California. It isn’t safe to be a Trump supporter where I live. And it’s bad for business too. But recently I switched my endorsement to Trump, and I owe you an explanation. So here it goes…
1. Things I Don’t Know: There are many things I don’t know. For example, I don’t know the best way to defeat ISIS. Neither do you. I don’t know the best way to negotiate trade policies. Neither do you. I don’t know the best tax policy to lift all boats. Neither do you. My opinion on abortion is that men should follow the lead of women on that topic because doing so produces the most credible laws. So on most political topics, I don’t know enough to make a decision. Neither do you, but you probably think you do.
Given the uncertainty about each candidate – at least in my own mind – I have been saying I am not smart enough to know who would be the best president. That neutrality changed when Clinton proposed raising estate taxes. I understand that issue and I view it as robbery by government.
Read more here…
2. Confiscation of Property: Clinton proposed a new top Estate Tax of 65% on people with net worth over $500 million. Her website goes to great length to obscure the actual policy details, including the fact that taxes would increase on lower value estates as well. See the total lack of transparency here, where the text simply refers to going back to 2009 rates. It is clear that the intent of the page is to mislead, not inform.

This post was published at Zero Hedge on Sep 25, 2016.

The US government is about to lose its #1 lender

Yesterday I told you how the US federal debt level is expanding at its fastest rate since the financial crisis.
This isn’t supposed to be happening.
The financial crisis is years behind us. The economy is supposedly on solid footing. The government keeps gushing about how much tax revenue they’re collecting.
Usually when government debt expands so rapidly it’s because they’re waging war, fighting a major recession, or financing some serious infrastructure projects.
But none of these things are happening.
Think about it – yesterday I told you that the debt is now $19.5 trillion. The debt hit $18.5 trillion in November of last year… meaning that they added $1 trillion to the national debt in just 10 months.
What did you get for that $1 trillion? Did they defeat ISIS? Give everyone a massive tax rebate? Recapitalize all of their insolvent trust funds?

This post was published at Sovereign Man on September 21, 2016.

AUGUST 24/HUGE RAID ON GOLD AND SILVER TODAY/GOLD/SILVER EQUITY SHARES ARE ALSO WALLOPED/HUGE EARTHQUAKE IN CENTRAL ITALY/TURKISH FORCES INVADE SYRIA WITH THE EXCUSE OF ISIS BUT IN REALITY THEY W…

Gold:1324.40 down $16.20
Silver 18.55 down 36 cents
In the access market 5:15 pm
Gold: 1338.40
Silver: 18.82
For the August gold contract month, we had a huge sized 499 notices served upon for 49,900 ounces. The total number of notices filed so far for delivery: 13,886 for 1,388,600 oz or tonnes or 43.191 tonnes. The total amount of gold standing for August is 43.788 tonnes.
In silver we had 10 notices served upon for 50000 oz. The total number of notices filed so far this month: 490 for 2,400,000 oz.
I wrote the following yesterday:
‘We now enter in earnest the options expiry for gold and silver. The comex options expiry is: Friday, August 26.
Options expiry for the OTC /London’s LBMA contracts expire at noon August 31.
Today we witnessed gold and silver rise yet gold/silver equity shares falter. Generally this is a good sign that the crooks are orchestrating another raid in the next 24 hours. The silver situation is no doubt bothering them immensely.’
Our friendly bankers did not disappoint us today as they raided gold and silver pretty bad and also caused a huge waterfall in gold/silver equity shares.
The crime scene was simple: It was down in basically a few minutes:
from Dave Kranzler…
‘You need look no further than today’s gold fiasco to see what Rick Santelli is referring to. Clearly today was preordained to be prime time Crimex time and the cartel didn’t disappoint. Right out of the Crimex gate a whopping 10,426 Dec. contracts were sold in a millisecond. Those 32 tons of fictitious gold dropped the price $10. Like clockwork another 4,758 contracts (14.87 tons) were sold at 9:04 AM, and a 3rd hit occurred at 10:11 AM, with an additional 4,192 contracts sold. In just those 3 minutes exactly 60 tons of paper gold were sold- another ‘curiosity’ no MSM reporter is interested in exploring.’
Let us have a look at the data for today.
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In silver, the total open interest ROSE BY 1219 contracts UP to 206,264. THE OPEN INTEREST IN THE FRONT MONTH OF SILVER ROSE CONSIDERABLY DESPITE THE FACT THAT THE SILVER PRICE WAS UP A TINY 7 CENTS IN YESTERDAY’S TRADING . In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.031 BILLION TO BE EXACT or 147% of annual global silver production (ex Russia &ex China).
In silver we had 10 notices served upon for 50,000 oz
In gold, the total comex gold ROSE 128 contracts as the price of gold ADVANCED BY $2.90 yesterday . The total gold OI stands at 572,973 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had no changse today at the GLD/
Total gold inventory rest tonight at: 958.37 tonnes of gold
SLV
we had no changes in the SLV, / THE SLV Inventory rests at: 358.793 million oz
First, here is an outline of what will be discussed tonight:

This post was published at Harvey Organ Blog on August 24, 2016.

ISIS begins to circulate own Gold coins

Reports coming from Syria and Iraq confirm that ISIS has started issuing its own currency, the ‘Golden Dinar,’ in areas it controls. The currency, which ISIS first unveiled in late 2014, will first be used to trade oil, according to the reports.
A thread on a main ISIS forum claimed on Friday that the terror group’s ‘Finance Ministry’ in the Nineveh province, in northern Iraq, organized a meeting two weeks ago with shopkeepers selling gold locally. ISIS announced at that meeting that the group will soon issue its gold currency ‘in cities like Mosul and Raqqa,’ according to users on the terror group’s forum. Others posts on the same platform claimed that the group started issuing the ‘Golden Dinar’ on Saturday in territories ISIS controls.

This post was published at TruthinGold on July 4, 2016.

Why US Military Weapons Always End up in Enemy Hands: Pure Stupidity or By Intentional Design?

The bitter irony continues. While the latest over-the-top ploy to confiscate our guns domestically has the feds sloppily staging yet another mass shooting with no proof anyone died in Orlando – the biggest in US history at that, overseas they can’t seem to give away US guns and arms fast enough to America’s so-called enemies. What’s up with that?
In the latest ‘we can’t find our weapons’ saga, this time it’s the CIA’s turn to embarrassingly admit that a 2013 secret arms deal with our Middle East buddy Saudi Arabia that goes by the code name Timber Sycamore has gone awry the last three years. It seems that millions of dollars’ worth of lethal weapons that were supposed to end up in possession of those ‘moderate Syrian rebels,’ you know the ‘good guy’ terrorists fighting ISIS [and Assad] in Syria, were ‘misplaced’ onto the black market by way of Jordanian intelligence officers in charge of delivering the goods who covertly support the Sunni Islamic State terrorists. In another episode of Fast and Furious Part Two, US supplied guns were once again used to kill Americans. Government officials this week admitted that those same missing weapons are believed to have been used last November to kill two Americans and three others at a police training facility in Amman, Jordan. It’s dj vu all over again for the scandal-ridden Obama administration, reminiscent of ATF’s clandestine Fast and Furiousoperation’s infamously trafficking 2,000 guns to the Mexican drug cartel that later murdered an American Border Patrol agent and scores of innocent Mexican civilians.
The US government seems cluelessly inept at being able to either convincingly pull off a false flag or keep track of its vast amount of lethal weapons going abroad only to wind up in the wrong hands murdering Americans. This article will include a capsulized nutshell presenting Washington’s rather long and dubious history of such disastrous folly. It will illuminate the catastrophic consequences caused by either US gross incompetence or by maleficent grand design that either way in large part has led to the latest arms race currently responsible for making our planet more armed and dangerous than any previous time in human history.
Current Prices on popular forms of Gold Bullion
This latest scam is alleged to involve a Jordanian lieutenant colonel as the gun smuggling kingpin regularly siphoning off guns from US shipments as they arrived in Jordan since 2013, delivering only a portion to designated drop off points to US-backed ‘moderate’ rebels fighting in Syria, while secretly selling off the rest to a thriving black market that in turn sold to ISIS and other so-called ‘bad’ terrorists. His cadre of corrupt Jordanian officers were getting rich off their gun smuggling operation buying expensive items like SUV’s, iPhones, and all the latest hi-tech toys, while unloading thousands of US-made rocket grenadelaunchers, mortars, Kalashnikov automatic weapons and small arms for the right price to various terrorists and militants at the local arms bizarre.

This post was published at Lew Rockwell on July 2, 2016.