Monday, July 25, 2016

Gold World News Flash

Gold World News Flash


It's OK To Be Black & Love Donald Trump! The Colors That Unite with Pastor Mark Burns (7-24-16)

Posted: 24 Jul 2016 08:30 PM PDT

On tonight's episode: It's OK To Be Black & Love Donald Trump! Full Show: The Colors That Unite with Pastor Mark Burns - Sunday, July 24, 2016. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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WARNING: "NATO Must Prepare For Russian Invasion Of Poland"

Posted: 24 Jul 2016 08:00 PM PDT

Experts are warning NATO to prepare for a Russian Invasion of Poland The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Trump 2016 Election is All About the Gold - - Karen Hudes

Posted: 24 Jul 2016 07:30 PM PDT

One of the most controversial conspiracy whistleblowers is back for an amazing 5th time. This time she details for us Trump's stance on the world's gold and the plans to overthrow the 'New World Order' agenda and save us from the coming fiat currency collapse. The Financial...

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Rising prices fail to induce Indians to sell their gold

Posted: 24 Jul 2016 06:49 PM PDT

Gold May Have Rallied High, But Indians Unwilling to Profit From It

By Sutanuka Ghosal
The Times of India, Mumbai
Monday, July 25, 2016

http://economictimes.indiatimes.com/markets/commodities/gold-may-have-ra...

KOLKATA, India -- The rising price of gold since the beginning of 2016 has not enthused Indians to liquidate their household gold to create liquidity. Indians have reduced gold offerings to temples as well.

Gold has appreciated 25 percent from the beginning of this year on the back of geopolitical tensions, Britain's decision to leave the European Union, and the growing expectations that interest rates, which are arguably the primary counterweight to gold, are set to stay lower for longer and could even fall further. ...

... Dispatch continues below ...



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"Despite prices surging ahead and a liquidity crisis being reported, we have not seen Indians selling household gold. Last year, when it touched Rs 29,000, we had seen people offloading old gold. But this year we are not seeing that trend though price is around Rs 31,500-31,800," said Jitendra Jain of Mumbai-based scrap dealing firm Jugrag Kantilal.

The price rise has also affected India's devotion quotient. Gold offerings to many temples have fallen in the recent months, said people associated with temple trusts. "Every day we are seeing a drop in gold offerings," Sanjiv Patil, the chief executive of Mumbai's Shree Siddhivinayak Ganapati Temple Trust, told The Times.

"Even silver offerings have declined after silver prices moved up. In the last one month the drop has been around 10-15 percent for both gold and silver."

Currently, the temple holds 171 kilograms of gold and 3,000 kilograms of silver. It has already deposited 54 kilograms of gold under the government's Gold Monetisation Scheme for five-to-seven-year tenure. "There will be two auctions of temple gold -- one on August 20 and another after Diwali. Whatever gold will be left will be deposited in GMS," Patil said.

At the Tirupati Balaji Temple gold offerings are steady. The spokesperson of the Tirumala Tirupati Devasthanam said: "We have not seen a decline in gold offering. It is steady as of now."

* * *

Join GATA here:

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

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Help keep GATA going

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With Kuroda Under Pressure To Increase Stimulus Again, Dissenters Appear

Posted: 24 Jul 2016 06:38 PM PDT

With the yen strengthening ~12% against the US dollar and the Nikkei down ~10% YTD, it seems Haruhiko "Peter Pan" Kuroda is having a difficult time working his magic in favor of Abenomics. As the WSJ reports, Kuroda is under increasing pressure from the Prime Minister's advisers to coordinate efforts to jumpstart the economy. Earlier this month, we first reported of the secretive meeting between Kuroda and Bernanke, where the former Fed Chairman urged Japan to unleash helicopter money.

With what little credibility it still has, the Bank of Japan is set to meet this week and likely agree on the size of yet another stimulus package for the economy. Prime Minister Abe's main economic advisor Etsuro Honda recently detailed in an interview that the BOJ should increase its Qualitative and Quantitative Monetary Easing (QQE) program from ¥80 trillion to ¥90 trillion.

In addition, there has been growing speculation regarding coordinated fiscal and monetary stimulus. The fiscal stimulus efforts are not expected to be unveiled until August, according to the WSJ. Expectations point to a "multiyear program valued at ¥20 trillion ($188 billion), including direct spending, government loans and public-private financing."

Perhaps more interesting, this time, Kuroda may have a difficult time convincing the 8 remaining members of the monetary board. As the Journal notes, "other BOJ officials are signaling a reluctance to act, underscoring questions about whether the central bank has reached the limits of its powers to revive Japan's economy. They note that monetary policy is already extremely accommodative, with bond yields and interest rates at or near record lows, and express doubts that additional easing would make fiscal stimulus much more effective, according to people familiar with the central bank's thinking."

As core metrics and corporate expectations of inflation plummet, Kuroda's promise to do "whatever it takes" to reach 2% inflation seems to be under significant threat. Doing nothing now would "amount to an admission that the BOJ's monetary policy has reached its limits—it wants to move, but it can't," said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance.

Not unlike the Fed, it is clear that the BOJ is trapped in its own end game. As Kyle Bass recently told CNBC, "The textbooks aren't working for the academics ... I fear they're going to have to go into some sort of jubilee where the central bank just forgives the debt that they own...I don't know what happens to the yield curve then. The unconventional policies aren't working, so they're going to have to go to unconventional, unconventional policies next. I don't know where that takes them."

The answer appears to be a one-way ticket to Neverland, where we can all believe in our hero, Peter Pan.

Nigel Farage Full Interview at the RNC in Cleveland

Posted: 24 Jul 2016 06:30 PM PDT

Nigel Farage at the RNC in Cleveland - Full Interview - Brexit / Donald Trump Interview with Nigel Farage at the Republican national Convention in Cleveland. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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As Earnings Decline, Stocks Soar! Top Gold & Silver Stories – Week Ended July 22, 2016

Posted: 24 Jul 2016 05:22 PM PDT

from Smaul gld:

Alien UFO Invasion in 2017- 2020? Nostradamus and Revelation Prophecies

Posted: 24 Jul 2016 04:00 PM PDT

Alien UFO invasion in 2017 - 2020? Nostradamus and Revelation prophecies. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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BREAKING -- Machette Terror in Reutlingen, Germany

Posted: 24 Jul 2016 02:00 PM PDT

Syrian refugee, 21, hacks PREGNANT woman to death with a machete and injures two others before hero BMW driver runs him over, in latest attack to shock Germany - The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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SHOCKING:PENTAGON INSIDER: ANUNNAKI ARE RETURNING SOON FROM NIBIRU PLANET X

Posted: 24 Jul 2016 01:30 PM PDT

SHOCKING:PENTAGON INSIDER: ANUNNAKI ARE RETURNING SOON FROM NIBIRU PLANET X! SUMERIAN GODS ARE RETURNING! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

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BREAKING -- Syrian refugee wielding machete kills 1, injures 2 in Reutlingen, Germany

Posted: 24 Jul 2016 12:30 PM PDT

At least one person has been killed and two more injured in an incident in the German town of Reutlingen. A man wielding a machete apparently randomly attacked passersby in the street The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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The Islamic-Vatican Connection by Walter Veith

Posted: 24 Jul 2016 12:00 PM PDT

From the TotalOnslaught series. walter Veith explains the connections and similarities between islam and catholicism. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Silver Mining vs. Gold Mining: The Dynamics Explained - Jeff Nielson

Posted: 24 Jul 2016 11:40 AM PDT

Sprott Money

END TIMES SIGNS: LATEST EVENTS (JULY 24TH, 2016)

Posted: 24 Jul 2016 10:30 AM PDT

end times, end times signs, end times news, end times events, bible prophecy, prophecy in the news, tornado, earthquake, strange weather, strange events, apocalyptic signs, apocalyptic events, strange weather phenomenon The Financial Armageddon Economic Collapse Blog tracks trends and...

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UKIP leader Nigel Farage: I'm Not Leaving The Movement

Posted: 24 Jul 2016 10:00 AM PDT

UKIP leader and the man behind Brexit, Nigel Farage speaks with Infowars at the 2016 RNC in Cleveland. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many...

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Vote for Mr Boogie -- Gerald Celente & Max Keiser

Posted: 24 Jul 2016 09:30 AM PDT

Mr Boogie announces his candidacy for 2016 chill out and vote for a dancing monkey! :D rocking out like a pro lol... I always wanted to incorporate politics into my songs but just didn't know how .....well played!! The Financial Armageddon Economic Collapse Blog tracks trends and...

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Silver Market COT Stuns: What's Going On Here?

Posted: 24 Jul 2016 08:47 AM PDT

Let's start this off with a broad overall look at the various players in the silver market. Silver CoT Futures and Options Combined, Disaggregated Report

Gold Demand Remains Stable During Sector Weakness

Posted: 24 Jul 2016 08:41 AM PDT

My favorite indicator for real time Gold demand is the amount of Gold in the GLD and its fluctuations over time. As we wrote in our book , the driving force for Gold is investment demand which is driven by changes in real interest rates. Western-based investment demand from big money (i.e Stan Druckenmiller and George Soros) shows up mostly in the ETFs and specifically, GLD. The amount of Gold in GLD has risen steadily even as Gold consolidated a few months back and has been stable in recent weeks even as Gold and gold stocks correct their Brexit breakouts.

Stock Market Has Topped; GDX Continues Down

Posted: 24 Jul 2016 08:25 AM PDT

The signs of a stock market top came on July 22 when the SPX made a truncated pseudo 5th wave failure at 2175. There were many astro/cyclical signs pointing to a July 19/20th top. My thinking regarding a continuation higher for the stock market is now not warranted. GDX is about to break an important uptrend line and the technical/cyclical read is down hard next week to near $25 +/- .20. Gold and silver could make a final bottom in early August.

China mines gold uneconomically because it plans to boost the price, Leeb says

Posted: 24 Jul 2016 08:08 AM PDT

11:07a Sunday, July 24, 2016

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb tells King World News that China is mining much low-grade gold uneconomically and he figures it's because the Chinese government aims to drive the gold price way up. An excerpt from Leeb's interview is posted at KWN here:

http://kingworldnews.com/china-is-planning-to-shock-the-world-by-pushing...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Breaking News And Best Of The Web

Posted: 23 Jul 2016 06:44 PM PDT

The cycle of central planning and civil unrest. Central banks making big promises, which traders seem to like. S&P 500 near all-time high. Britain’s economy is shrinking, China’s debt is soaring. Gold corrects; several analysts see a top here. Oil falls for the week. Another terrorist attack, this time at a German shopping mall. Trump […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

Not Everything Is Bullish for Gold

Posted: 21 Jul 2016 09:39 AM PDT

There are quite a few bearish indications that suggest lower precious metals prices are just around the corner. Let's take a look at a few of them (charts courtesy of http://stockcharts.com).

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