• Tag Archives Russia
  • Scaramucci: “Priebus Is A F**king Paranoid Schizophrenic”, Slams “Cocksucker” Bannon, Wants To “Kill” Leakers

    Update: After what was either (i) his first White House nervous breakdown or (ii) a carefully disguised distraction intended to give the media something other than Russia to discuss on this weekend’s political talk show circuit, Anthony Scaramucci has just issued the following statement via Twitter:
    I sometimes use colorful language. I will refrain in this arena but not give up the passionate fight for @realDonaldTrump's agenda. #MAGA
    — Anthony Scaramucci (@Scaramucci) July 27, 2017

    This post was published at Zero Hedge on Jul 27, 2017.


  • JULY 26/DOVISH FED WITH ‘LACK OF INFLATION’ SENDS GOLD AND SILVER SOARING AFTER COMEX CLOSES/NORTH KOREA WILL LAUNCH ANOTHER ICBM MAYBE BY TONIGHT/USA PASSES LEGISLATION ORCHESTRATING MORE SANCTI…

    GOLD: $1249.85 DOWN $2.55
    Silver: $16.46 DOWN 9 cent(s)
    Closing access prices:
    Gold $1260.75
    silver: $16.67
    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: $1254.41 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1248.40
    PREMIUM FIRST FIX: $6.01
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    SECOND SHANGHAI GOLD FIX: $1252.10
    NY GOLD PRICE AT THE EXACT SAME TIME: $1245.65
    Premium of Shanghai 2nd fix/NY:$6.45
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1245.40
    NY PRICING AT THE EXACT SAME TIME: $1246.50 ???
    LONDON SECOND GOLD FIX 10 AM: $1248.10
    NY PRICING AT THE EXACT SAME TIME. $1248.15
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 14 NOTICE(S) FOR 1400 OZ.
    TOTAL NOTICES SO FAR: 171 FOR 17100 OZ (.5318 TONNES)
    For silver:
    JULY
    21 NOTICES FILED TODAY FOR
    105,000 OZ/
    Total number of notices filed so far this month: 3170 for 15,850,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK:
    COMEX OPTIONS EXPIRY: TONIGHT 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 26, 2017.


  • Russian’s Add Official Gold While China Hides More Gold

    As China has cooled her heals as far as adding more physical gold to their official gold holdings, Russia pushes forward. Another month, another big pile of gold added Russia’s central bank holdings.
    While 8.5 tons is down from their norm, which is usually mid-high teens of tonnage per month, it is still pushing them higher in gold holdings.
    The interesting part of the China equation is the fact that Russia agreed to sell China upwards of 100 tons per annum beginning last year.
    As we reported in September 2016
    Wether China is going to making jewelry, trinkets or has other ideas we can confirm Russia will be supplying China with a lot of gold in the coming months and years – from Reuters
    VTB Bank, Russia’s second-largest lender, said on Tuesday:
    * VTB plans to supply 15-20 tonnes of gold to China in the next 12 months;
    * VTB plans to continue increasing gold supplies to China, the exact volume of supply is subject to demand in the region;
    * In April, VTB said it aimed to supply between 80 and 100 tonnes (2.57-3.22 million troy ounces) of gold to China per year;
    * In the second quarter of 2016, VTB dispatched its first batch of gold to China, becoming the first Russian bank to start direct supplies of physical gold to the world’s largest buyer and consumer of the precious metal.

    This post was published at Alt-Market on Tuesday, 25 July 2017.


  • The Elites Are Privately Warning About A Crash “Russia Hack” Evidence

    Many everyday citizens assume powerful global financial elites operate behind closed doors in secret conclaves, like the scene of a Spectre board meeting in the recent James Bond film.
    Actually, the opposite is true. Most of what the power elite does is hidden in plain sight in speeches, seminars, webcasts and technical papers. These are readily available from institutional websites and media channels.
    It’s true that private meetings occur on the sidelines of Davos, the IMF annual meeting and G-20 summits of the kind just concluded. But the results of even those secret meetings are typically announced or leaked or can be reasonably inferred based on subsequent policy coordination.

    This post was published at Zero Hedge on Jul 25, 2017.


  • Russian central bank still adding to its gold reserves — Lawrie Williams

    Unlike the other big central bank buyer of gold, China, Russia is continuing to add to its gold reserves and reporting its increases. China has not reported any reserve increases since last October, but the general belief is that it is almost certainly adding to its gold reserves big time regardless and only reporting its increases when it deems it opportune to do so. Certainly known gold flows into the country, together with its own gold output as comfortably the world’s No. 1 gold producer, suggests this as China’s estimated gold consumption probably only accounts for around half of that being absorbed by the country on an annual basis, and this disregards any gold being imported from unknown sources that may not find its way into official data.
    In June Russia added a further 300,000 ounces (9.33 tonnes) of gold to its reserves according to the regular monthly statement of its gold holdings by the Russian Central Bank. This brings its current total holdings to some 1,716 tonnes – still the world’s sixth largest national holding as reported to the IMF – and continuing to close the gap with the official Chinese figure of 1,842.6 tonnes. The June additions are much smaller than those reported for May (700,000 ounces or 21.8 tonnes), but more than the 6.2 tonnes it added in April. Russian gold reserve additions do fluctuate on a month by month basis, but recently it has been adding to its gold reserves at around 200 tonnes annually. For H1 2017 the total to date is 100.9 tonnes so the nation is right on track to add a similar 200 tonne amount to its official gold reserves in the current year.

    This post was published at bloomberg


  • JULY 24/GOLD AND SILVER STEADY TODAY/GLD LOSES ANOTHER 9.62 TONNES AND YET GOLD REMAINS CONSTANT/EU SOUNDS ALARM BELL IF THE USA PASSES MORE SANCTIONS AGAINST RUSSIA/IRAN AND USA EXCHANGE HEATED …

    GOLD: $1254.50 DOWN $0.25
    Silver: $16.45 DOWN 4 cent(s)
    Closing access prices:
    Gold $1255.50
    silver: $16.50
    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: $1261.18 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1254.50
    PREMIUM FIRST FIX: $6.68
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1261.69
    NY GOLD PRICE AT THE EXACT SAME TIME: $1252.95
    Premium of Shanghai 2nd fix/NY:$8.71
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1255.85
    NY PRICING AT THE EXACT SAME TIME: $1256.55
    LONDON SECOND GOLD FIX 10 AM: $1254.50
    NY PRICING AT THE EXACT SAME TIME. $1255.50 ???
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.
    TOTAL NOTICES SO FAR: 151 FOR 15100 OZ (.4696 TONNES)
    For silver:
    JULY
    17 NOTICES FILED TODAY FOR
    85,000 OZ/
    Total number of notices filed so far this month: 3027 for 15,135,000 oz

    This post was published at Harvey Organ Blog on July 24, 2017.


  • Technical Scoop – Weekend Update July 23

    It was another quiet week for the markets even as the S&P 500 hit new all-time highs less than 25 points from 2,500. Investor focus continued to be on Trump and the goings-on at the White House. For months, years even, Republicans and Trump vowed that there would be health care reform by ending Obamacare and bringing in their own version. Tax reform was another part of the agenda that was top in investors’ minds. By week’s end, health reform lay in tatters and tax reform is becoming doubtful. Despite a number of iterations of repeal-and-replace Obamacare, in the end they did not satisfy enough Republican senators to push it through the Senate. It went either too far or not far enough. In desperation, they went for a straight repeal and that one proved to be dead on arrival.
    After six months of Republicans controlling the White House, Congress, and the Senate they have not been able to pass one piece of major legislation. While seemingly it has not weighed on the stock markets, it does appear to be weighing on the US Dollar as the US$ Index sunk to new 52-week lows. As to tax reform, well, that appears to be going nowhere either and deadlines loom at the end of the fiscal year September 30, 2017. The debt ceiling is looming once again as the Treasury is poised to run out of money in early October – unless, of course, they agree to extend it once again. The debt ceiling debate is becoming increasingly rancorous, but not between Republicans and Democrats – instead, between Republicans and Republicans. The White House is on one side and Congress on the other, with one wanting and recognizing the need to raise the debt ceiling while the other wants to slam on the brakes for their own agenda.
    Things continue to heat up on the Russian investigation front. Donald Trump Jr., Paul Manafort, and Jared Kushner, the principals at the heart of the Russian meeting that was initially denied, are due to meet a Senate judiciary committee on July 26. Things continue to whirl around the investigation with constant implied threats from the White House leveled at special counsel Robert Mueller if the investigation expands into Trump’s finances. It ought to be interesting given Mueller’s authority especially if it clashes directly with the President. The President also slammed his Attorney General for recusing himself in the Russian investigation and if he had known that in advance, Jeff Sessions would never have been appointed. Something about throwing your report under the bus it seems. Finally, the President said that since he has the power to grant pardons he could pardon himself. Nothing said about the ensuing constitutional crisis.

    This post was published at GoldSeek on 23 July 2017.


  • Mueller Tries To Turn Manafort In Trump Russia Probe

    Special Counsel Robert Mueller’s full-court press on anyone and everyone involved with the Trump campaign has finally begun – and the first target in his sights is, of course, former Trump Campaign Manager Paul Manafort, by far the easiest mark. According to Reuters, Mueller and his team are trying to recruit Manafort as a cooperating witness in the Russia investigation in exchange for immunity for possible money laundering charges.
    The focus on Manafort isn’t a surprise. Not only did Manafort attend the now-infamous June 2016 Russia meeting organized by Donald Trump Jr., but investigators have already been scrutinizing his ties to deposed Ukrainian President Viktor Yanukovych, along with several shady real-estate deals.
    ‘U. S. investigators examining money laundering accusations against President Donald Trump’s former campaign manager Paul Manafort hope to push him to cooperate with their probe into possible collusion between Trump’s campaign and Russia, two sources with direct knowledge of the investigation said.
    Special Counsel Robert Mueller’s team is examining Manafort’s financial and real estate records in New York as well as his involvement in Ukrainian politics, the officials said.’
    Specifically, Special Counsel Robert Mueller’s team is investigating several New York City real estate deals involving Manafort for evidence that the properties might have been paid for with money funneled to Manafort by former Ukrainian President Viktor Yanukovych. The former Ukrainian leader hired Manafort’s firm to do political consulting work. Last summer, ledgers found by Ukrainian investigators surfaced purporting to show millions of dollars in undisclosed payments to Manafort’s firm, though they haven’t been proved genuine.

    This post was published at Zero Hedge on Jul 22, 2017.


  • Kunstler Fears “Violent Revolt” As “Soft Coup” Against Trump Looms

    Authored by James Howard Kunstler via Kunstler.com,
    For all his blunders and stumbles in his first half-year as President (cough cough), Donald Trump seems to have more lives than Schrdinger’s Cat. Or maybe it just seems that way. Or maybe he isn’t really there at all (like the news these days). Maybe Trump only represents one comic probability in an infinite number of universes of probability, both comic and tragic. I begin to understand why the folks in Hollywood are having a whack attack over the chief executive: you can’t storyboard this bitch; it’s like leaving The Three Stooges on their own in a sound stage to re-make Gone With the Wind.
    But then, you begin to wonder: is Russia really there, or is it, too, just another figment of possibility? Don’t try to figure that out by reading the oracular observations of The Washington Post. These days Russia seems to be at once everywhere and nowhere, like the Devil north of Boston in 1693. For example, this fellow Jeff Sessions. Have you noticed that his name rhymes with Russians? Hmmmm. And wasn’t he caught chatting with the Russian Ambassador at the very same convocation of Republicans that picked notorious colluder Donald Trump to stand for President? That’s enough of your damn evidence right there!
    Yes, things are passing strange in the world’s greatest democracy these days. To me, seeing the thing through an historical lens, it’s looking more and more like the Salem Witch Frenzy meets the French Revolution with a spin of quantum confusion on top. Right now we’re in the first phase, sheer political lunacy. Beliefs have become ungrounded from the facts of life. The guy whom fate or a prankish deity put in the White House doesn’t even fit the template of the world’s most infamous heads-of-state. I’m sorry to dredge up old Adolf, but really, Hitler himself seemed to have a much firmer idea about what he was doing than Trump does.
    The Oba

    This post was published at Zero Hedge on Jul 21, 2017.


  • WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs

    Despite the ‘bullish’ inventory data (and demand), WTI Crude just sank towards a $45 handle – red on the week – as tanker-tracking firm Petro-Logistics signals OPEC crude supply rising again this month will be the highest this year (along with US shale output at record highs).
    As Bloomberg notes, supply from OPEC members is set to exceed 33 million barrels a day this month, more than 600,000 barrels a day higher than the first-half average, according to Petro-Logistics. The data could reinforce skepticism about the effectiveness of the Organization of Petroleum Exporting Countries’ production cuts as officials from the group gather for meetings in St. Petersburg, Russia.
    This pushed prices below the pre-DOE data lows…and red for the week.

    This post was published at Zero Hedge on Jul 21, 2017.


  • Meow

    This is a syndicated repost courtesy of Kunstler. To view original, click here. Reposted with permission.
    For all his blunders and stumbles in his first half-year as President (cough cough), Donald Trump seems to have more lives than Schrdinger’s Cat. Or maybe it just seems that way. Or maybe he isn’t really there at all (like the news these days). Maybe Trump only represents one comic probability in an infinite number of universes of probability, both comic and tragic. I begin to understand why the folks in Hollywood are having a whack attack over the chief executive: you can’t storyboard this bitch; it’s like leaving The Three Stooges on their own in a sound stage to re-make Gone With the Wind.
    But then, you begin to wonder: is Russia really there, or is it, too, just another figment of possibility? Don’t try to figure that out by reading the oracular observations of The Washington Post. These days Russia seems to be at once everywhere and nowhere, like the Devil north of Boston in 1693. For example, this fellow Jeff Sessions. Have you noticed that his name rhymes with Russians? Hmmmm. And wasn’t he caught chatting with the Russian Ambassador at the very same convocation of Republicans that picked notorious colluder Donald Trump to stand for President? That’s enough of your damn evidence right there!

    This post was published at Wall Street Examiner on July 21, 2017.


  • “We’re selling life jackets to the Titanic“: Inside the U.K.’s only high street gold bullion store

    For those who deal in it, gold evokes emotions like no other financial asset.
    Ross Norman, CEO of Sharps Pixley and a 30-year veteran gold trader at Rothschilds and Credit Suisse, says he’s “had a strange relationship with gold.”
    “It’s a bit like having an older brother, where you sit down for a drink and think ‘Godammit if he wasn’t my brother, he’d be my friend.’”
    Norman’s own relationship with gold comes from an Italian uncle, who was lost and dying of hunger in Russia during the Second World War. The soldier had no possessions left apart from the gold cross around his neck, which he sold for enough food to save his life.
    Sharps Pixley, which opened trading last year in the plush St. James area of London, is the U.K.’s only high street gold bullion shop.

    This post was published at Business Insider


  • JULY 20/MUELLER NOW EXPANDS SCOPE INTO TRUMP’S BUSINESS DEALINGS SENDS GOLD AND SILVER NORTHBOUND/GOLD UP $3.50/SILVER UP 5 CENTS/BANK OF AMERICA PULLS OUT OF ALL FUNDING FOR LARGE CHINESE CONGLO…

    GOLD: $1246.00 UP $3.50
    Silver: $16.38 UP 5 cent(s)
    Closing access prices:
    Gold $1245.00
    silver: $16.36
    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: $1247.75 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1239.50
    PREMIUM FIRST FIX: $8.25
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1246.52
    NY GOLD PRICE AT THE EXACT SAME TIME: $1238.10
    Premium of Shanghai 2nd fix/NY:$8.42
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1236.55
    NY PRICING AT THE EXACT SAME TIME: $1237.70
    LONDON SECOND GOLD FIX 10 AM: $1238.70
    NY PRICING AT THE EXACT SAME TIME. $1239.15
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR NIL OZ.
    TOTAL NOTICES SO FAR: 149 FOR 14900 OZ (.4634 TONNES)
    For silver:
    JULY
    34 NOTICES FILED TODAY FOR
    170,000 OZ/
    Total number of notices filed so far this month: 2956 for 14,780,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    end
    The key event today was the revelation that Mueller is probing Trump’s business interests around the globe. That sparked gold and silver to rebound after the bankers had targeted our precious metals to the dumpster today. That plan was foiled with the Mueller news.
    I would really like you to read the Stockman commentary at the bottom of my commentary. It is a must read..
    Let us have a look at the data for today
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    In silver, the total open interest FELL BY 1845 contract(s) DOWN to 207,844 DESPITE THE TINY RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 4 CENT(S). TODAY WE HAD NEW SPECULATOR LONGS ENTER THE MARKET WITH THE BANKERS SUPPLYING THE NECESSARY PAPER. THE BANKERS ARE HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE. HOWEVER SOME SILVER LONGS DID DEPART
    In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.061 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia & ex China).
    FOR THE NEW FRONT MAY MONTH/ THEY FILED: 34 NOTICE(S) FOR 170,000 OZ OF SILVER
    In gold, the total comex gold FELL BY 2948 CONTRACTS DESPITE THE RISE IN THE PRICE OF GOLD ($0.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,256 contracts. THE BANKERS ARE STILL LOATHE TO SUPPLY THE GOLD PAPER AND WISH TO COVER MORE OF THEIR SHORTS. SOME NEWBIE SPEC LONGS STARTED TO ENTER THE GOLD COMEX ARENA AGAIN. THE PLETHORA OF DATA RELEASED ON FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING OUR BANKERS TO DEATH.
    we had 0 notice(s) filed upon for NIL oz of gold.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    With respect to our two criminal funds, the GLD and the SLV:
    GLD:
    Today no changes in gold inventory
    Inventory rests tonight: 816.13 tonnes
    for 5 consecutive days, gold rises appreciably and yet gold inventory drops at the GLD
    (In the last 5 days gold rises $27.70 and yet GLD inventory collapses by 16.26 tonnes)
    GLD IS A MASSIVE FRAUD/INVENTORY SHOULD BE RISING NOT FALLING.
    SLV
    Today: : WE HAD A HUGE CHANGES IN SILVER INVENTORY TONIGHT/A WITHDRAWAL OF 945,000 OZ WITH SILVER UP AGAIN BY 5 CENTS
    INVENTORY RESTS AT 347.121 MILLION OZ

    This post was published at Harvey Organ Blog on July 20, 2017.


  • Sessions: “I Will Continue Serving As Attorney General As Long As That Is Appropriate”

    Following his scathing NYT interview published on Wednesday, in which Trump said he regretted appointing the Attorney General, and said would not have chosen Sessions to serve as attorney general had known Sessions would recuse himself from the investigation into Russian election meddling, on Thursday AG Sessions said he plans to continue to serve in his post “as long as that is appropriate.”
    “I have the honor of serving as attorney general. It’s something that goes beyond any thought I would have ever had for myself,” Sessions said during a press conference Thursday.

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


  • Dollar Tumbles, Stocks Slammed As Mueller Expands Probe Into Trump Business Transactions

    It was quiet, too quiet. Markets were comfortably drifting ever higher (10th day up in a row for Nasdaq) and then headlines hit on Bloomberg reporting that special counsel Robert Mueller wil be probing Trump’s business transactions and will extend his investigation to examining the dealings of Kushner and Manafort.
    It is likely that such a wide-angle approach to the probe could trigger a response from the president who last night told the NYT in an interview that any digging into matters beyond Russia “would be out of bounds.” Bloomberg also notes that agents are interested in transactions involving the Bank of Cyprus, where Wilbur Ross served as vice chairman before he became the Commerce Sec., as well as the efforts of Jared Kushner to secure financing for some of his family’s real estate properties.
    In short, Trump is about to respond, perhaps violently.
    More from Bloomberg: The U. S. special counsel investigating possible ties between the Donald Trump campaign and Russia in last year’s election is examining a broad range of transactions involving Trump’s businesses as well as those of his associates, according to a person familiar with the probe.
    FBI investigators and others are looking at Russian purchases of apartments in Trump buildings, Trump’s involvement in a controversial SoHo development with Russian associates, the 2013 Miss Universe pageant in Moscow and Trump’s sale of a Florida mansion to a Russian oligarch in 2008, the person said.

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


  • Deutsche Bank Faces DOJ Subpoena Over Trump-Russia Probe

    Deutsche’s relationship with Trump and questions about hundreds of millions in loans have dogged the German bank and the White House for months, abd now, ‘according to sources’ reported by The Guardian, Robert Mueller’s team and Trump’s bankers have established informal contacts and formal requests for information are forthcoming.
    According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, around $300m. He has four large mortgages, all issued by Deutsche’s private bank. The loans are guaranteed against the president’s properties: a new deluxe hotel in Washington DC’s old post office building, just around the corner from the White House; his Chicago tower hotel; and the Trump National Doral Miami resort.

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


  • JULY 19/ANOTHER HUGE 5.32 TONNES OF GOLD WITHDRAWAL FROM THE GLD DESPITE GOLD’S SMALL ADVANCE/NO CHANGE IN SILVER INVENTORY AT THE SLV/FOR THE LAST 4 DAYS: 16.26 TONNES OF GOLD HAVE BEEN WITHDRAW…

    GOLD: $1242.50 UP $0.50
    Silver: $16.33 UP 4 cent(s)
    Closing access prices:
    Gold $1241.00
    silver: $16.28
    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: $1250.26 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1241.50
    PREMIUM FIRST FIX: $8.76
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1249.51
    NY GOLD PRICE AT THE EXACT SAME TIME: $1240.90
    Premium of Shanghai 2nd fix/NY:$8.61
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1239.85
    NY PRICING AT THE EXACT SAME TIME: $1239.30
    LONDON SECOND GOLD FIX 10 AM: $1242.15
    NY PRICING AT THE EXACT SAME TIME. $1241.25
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 25 NOTICE(S) FOR 2500 OZ.
    TOTAL NOTICES SO FAR: 149 FOR 14900 OZ (.4634 TONNES)
    For silver:
    JULY
    32 NOTICES FILED TODAY FOR
    160,000 OZ/
    Total number of notices filed so far this month: 2922 for 14,610,000 oz

    This post was published at Harvey Organ Blog on July 19, 2017.


  • The US Dollar Falls To New Lows, And So Do The Excuses To Explain It

    The DXY Index, which is widely cited in the financial press as the “Dollar” or “US Dollar,” has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week’s (Tues July 18) low, which came in at 94.48. This represents a move of just under 9%, which in the currency markets is not a small move.
    Over this time period and since the 103.82 high was made, the DXY Index has been following a fairly clear pattern down off of that high and into current levels. In fact, for the past several months we have been following this pattern as it continued to follow through, hitting most of the expected Fibonacci levels into the July 18 low. Currently, the DXY is sitting on both the 176.4 Fibonacci extension of the initial move down off of the January highs and just under the 200 Fibonacci extension of the move down off of the April highs.
    Additionally, we do now have what could be considered a completed three-wave pattern off of the January highs in addition to several other technical indicators signaling that we may be getting close to at least a local bottom in the DXY.
    I have recently been writing about the so called “bombshell” news events that the financial press and media pundits love to assign to market moves. We have seen these “bombshell” events run the gamut from Brexit to Trump’s surprise election to Russia meddling in the US election. Most recently, we had the release of emails from Donald Trump Jr. in regards to a meeting that he had with Russian nationals during the Campaign. I discussed how this media “bomb” turned out to be yet another dud as far as the financial markets were concerned in the article I wrote on the Dow on July 18.
    Tuesday’s “bombshell” news that was all over the financial press today was that US Dollar was down because the Republicans were unable to be able to pass their healthcare bill, thus causing the Dollar to move lower. Of course, the question that comes to mind on this news is: What exactly does the Republicans not passing a healthcare bill have to do with the value of the US Dollar?

    This post was published at GoldSeek on 19 July 2017.


  • The True Economy Is Being Exposed & Soon Everyone Learn How Bad It Really Is – Episode 1336a

    The following video was published by X22Report on Jul 19, 2017
    IMF reports that the current problems with Greece are not going away the debt is not sustainable. Harley Davidson is spiraling out of control, sales are crashing. IBM uses accounting trickery to make the company look like it is doing better than it really is. Many companies are now using this account trick to fudge the numbers. Housing starts, permits rebound, which means most of these starts and permits will be revised as people cancel the homes. Russia is pushing the for a digital economy including block-chain technology. The economy is rapidly breaking apart and we are now seeing signs of how bad it really is.


  • Thoughts On Gold

    From Jim Richards’ Strategic Intelligence:
    ‘Russia and China are well-positioned to execute the greatest gold short squeeze in history. Of course, they have no interest in doing so right now because both are still buyers who favor low prices. At some point, they will flip to hoarders who favor high prices, but not yet.’
    From Hugo Salinas Price:
    ‘The present monetary system of the world, based on the dollar, is on its death-bed. A fiat currency – such as the dollar – cannot be replaced by another fiat currency, he explains. Therefore the world will necessarily have to take up [precious metals] as the world’s money.’
    ************* From Steven Warrenfeltz of http://www.free-bullion-investment-guide.com
    Gold and Silver Are Moving Back Up
    GOLD (Warrenfeltz comments)
    Last week, after the dust settled from gold’s price drop, a ‘falling expanding wedge’ formed in gold’s price chart (below).
    All falling wedges are positive technical patterns, however for gold to confirm the pattern it will need to break above the upper resistance trend-line of the wedge.
    In addition, gold’s MACD (lower indicator) is showing that its direction is about to change from negative to positive, so we should continue to see gold climb this week, but some profit taking is also expected as it moves up.

    This post was published at GoldSeek on 19 July 2017.