Monday, October 10, 2016

Gold World News Flash

Gold World News Flash


Here's Where The Next Bank Deposit "Bail-In" Will Strike...

Posted: 09 Oct 2016 11:00 PM PDT

Submitted by Nick Giambruno via InternationalMan.com,

One shot from a pistol pierced the night right before Antonio Bedin collapsed, dead.

Antonio, a 67 year-old retired Italian, had just committed suicide. He was plagued by health problems and by the loss of his savings.

Last year, four small Italian banks became insolvent and immediately needed capital. They turned to a bail-in.

Antonio was one of thousands of small savers who were wiped out. Antonio lost everything. Then he shot himself.

He wasn’t alone.

There was another pensioner who hung himself at his home near Rome after he lost more than $100,000.

Their stories became national news sensations. It generated intense anger at the bail-ins.

A bail-in is when a bank recapitalizes itself by tapping its creditors, including depositors.

Most people think of the money they deposit into the bank as a personal asset they own.

But that’s not true.

Once a deposit is made at the bank, it’s no longer your property. It’s the bank’s. What you own is a promise from the bank to repay. It’s an unsecured liability. That’s a very different thing from owning physical cash stuffed under your mattress. Money deposited into the bank technically makes you a creditor of the bank. You’re liable to get burned from a bail-in should the bank get into trouble.

People in Cyprus had to find this out the hard way in early 2013. People awoke on an otherwise normal Saturday morning to the shock that the money in their bank accounts had been taken by a bail-in to recapitalize the banks.

Not surprisingly, many Italians aren’t just waiting around to get “Cyprused.”

I recently spent weeks on the ground in Italy investigating the ongoing banking crisis. I spoke with a prominent lawyer who told me that most Italians are now distrustful of the banks. They’re keeping a substantial portion of their savings in cash under their mattresses. They’re also buying lots of gold.

I’ve been to Italy numerous times over the years. But this time, I saw something new. There were signs everywhere advertising gold bullion, like the one below.

 

I think it indicates a strong demand for gold and a strong distrust of the banks. It seems to me like a slow motion bank run is already happening. This is the last thing Italy’s banking system needs. It’s further bleeding the capital in the banking system.

I only see the situation getting worse…

Italians are rightly afraid of bail-ins. That fear is leading them to withdraw their savings as cash and also to buy gold. This further drains the banks’ capital, making it more likely they’ll need to do a bail-in to remain solvent, which fuels even more withdrawals. It’s like a self-fulfilling prophecy.

This means that the chances are good that a large number of unsuspecting Italian savers are going to get wiped out.

The thought of potentially many more old, struggling pensioners committing suicide because they got wiped out from bail-ins has enormous emotional power in Italy. It’s like political nitroglycerin.

It would have a catalyzing political effect.

Bottom line, if Italians get Cyprused before the referendum later this year it’s a virtual certainty it will fail.

That’s the unenviable conundrum the current, pro-EU Italian government is facing. They can stall and save the banks through a bail-in, or they can let the whole house of cards come down. Either option is political suicide.

It’s hard to imagine that the frustrated Italian populace won’t vote to give the establishment the finger in the referendum, and humiliate the pro-EU government.

Prime Minister Matteo Renzi has promised to resign if that happens.

If he does, the anti-euro, populist Five Star Movement will almost certainly come to power. They’ve promised to promptly hold another referendum. This one would be on whether Italy should leave the euro and go back to its old currency, the lira.

If Italy—the third-largest member of the eurozone—leaves, it will have the psychological effect of someone yelling “Fire!” in a crowded theater. Other countries will quickly head for the exit, and return to their national currencies.

Economic ties and integration are what hold the EU together. Think of the currency as the economic glue. Without the euro, economic ties will weaken, and the whole project could unravel.

It would be a deathblow to the EU, the world’s largest economy… And it would explode into a global stock market crash like the world has never seen.

The Financial Times recently put it this way:

An Italian exit from the single currency would trigger the total collapse of the eurozone within a very short period. It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

That’s how important the upcoming referendum in Italy is. It would be the first domino to fall in the collapse of the EU.

Not surprisingly, the unsavory George Soros is keenly aware of what’s going on. He recently said, in reference to the Brexit and events in Italy, “Now the catastrophic scenario that many feared has materialized, making the disintegration of the EU practically irreversible.”

Soros Fund Management has been picking up gold assets and placing bets that stocks will crash.

He’s positioning to make big profits from the coming crisis. And I think we should, too.

That’s exactly why I recently spent weeks on the ground in Italy.

There are potentially severe consequences in the currency and stock markets.

Debate Post-Mortem: Trump Crushes Clinton - "You Should Be In Jail"

Posted: 09 Oct 2016 07:38 PM PDT

From the no-handshake start, following the most awkward Bill-Melania pre-debate greeting, it was clear the gloves were off. While Trump started apologetically, once Clinton opened up ad hominem character attacks, The Donald turned it up to '11'. Lashing out at Bill's indiscretions "his actions are worse than words", Hillary's lying "you should be in jail... I will call for a special prosecutor", and the biases of the moderators"it's one of three here" even the crowd cheered.. before being quickly shushed. Online polls, unbiased commentators, and the Mexican Peso agreed Trump won.

A picture paints a thousand words...

*  *  *

Melania meets Bill...

 

 

 

No handshake at the start...

 

 

 

Hillary appeared to attract a fly...

"You should be in jail"

 

 

 

"I will bring a special prosecutor"

 

 

And, AG Holder chimed in...

 

"I was surprised to Bernie sign on with you the devil..."

 

 

 

"It's just words, folks"

 

"I don't know Putin"...

 

Trump slams Clinton over "Deplorables" comment...

 

Clinton's campaign responded...

* * *

Online polls show it as an overwhelming win for Trump... (DrudgeReport.com)

Finally, the most real-time indicator of performance...

It's on like Donkey Kong.

Deutsche Bank Tells Investors Not To Worry About Its €46 Trillion In Derivatives

Posted: 09 Oct 2016 07:21 PM PDT

Having first flagged Deutsche Bank enormous derivative book for the first time back in 2013, it wasn't until last week that JPMorgan admitted just what the biggest risk facing Deutsche Bank was. In a note by JPMorgan's Nikolaos Panigirtzoglou, the strategist warned that, "in our opinion it is not so much funding issues but rather derivatives exposures that more likely to trouble markets going forward if Deutsche Bank concerns continue. This is especially true if these concerns propagate into a confidence crisis inducing more rapid unwinding of derivative contracts."

For those new to the story, Deutsche has one of the world's largest notional derivatives books — its portfolio of financial contracts based on the value of other assets. As we first noted in 2013, It peaked at over $75 trillion, about 20 times German GDP, but had shrunk to around $46 trillion by the end of last year. That's around 12% of the total notional value of derivatives outstanding worldwide ($384 trillion), according to the Bank for International Settlements.  It was €46 trillion as of Q2 measured by notional outstanding.

JPMorgan bank analysts confirmed the size of DB's book, and note that BIS data provide an alternative but indirect way to gauge the size of derivatives exposures. According to BIS data the exposure of foreign banks to German counterparties via derivatives contracts stood at $312bn as of Q1 2016.


Source: BIS

While the topic of DB's derivative book size emerges any time the bank's stock slides, it tends to be swept under the rug whenever due to fake rumors or otherwise, the stock rebounds.

And in light of yesterday's latest news, in which Germany's Bild reported that Deutsche bank CEO John Cryan "failed to reach an agreement with the US Justice Department", it is possible that on Monday the stock will have an adverse reaction, which also means that attention will once again turn to what JPM believes is the biggest concern for investors for the world's most systematically risky bank.

 

So what is the embattled German lender, the same one which two weeks ago at the depth of its stock plunge blamed its woes on market "speculators", to do?

As the Chief Risk Officer Stuart Lewis told Welt am Sonntag in an interview published on Sunday, it was to take a preemptive stance on market concerns about Deutsche Bank's staggering derivative position.

Speaking to the German publication, Lewis said that Deutsche Bank continues to cut back the size of its derivatives book, "which is not as risky as investors may believe." Well, not just investors: it also includes that "other" bank with some $53.3 trillion in derivatives, JPMorgan.

"The risks in our derivatives book are massively overestimated," Lewis told the paper cited by Reuters. He said 46 trillion euros in derivatives exposure at Deutsche appeared large but reflected only the notional value of the contracts, while the bank's net exposure to derivatives was far lower, at around €41 billion.

"The 46 trillion euros figure sounds gigantic, but it is completely misleading. The real risk is far lower," Lewis said, adding that the level of risk on Deutsche Bank's books was in line with that seen at other investment banking peers. While he is largely correct about gross notional netting down to a vastly smaller number in a functioning, stable derivatives market in which there is no contagion and all counterparties continue to function during a Deutsche Bank "stress event", that assumption falls out of the window the moment a counterparty fails, and becomes even worse whould any of the underlying derivative collateral be found to have been rehypothecated more than once, something not just we, but the BIS itself warned about in 2013.

But back to Deutsche Bank, whose Chief Risk Officer tried to further belay concerns of a derivative fiasco when he said that "we are trying to make our business less complex and are paring back our derivatives book. Parts of it were transferred into a non-core unit some years ago." While that is true, most of its exposure remains in the core unit (where the deposits are to be found), and what's worse, one wonders why DB hasn't had more success with derisking its gross notional derivative holdings, which still remain a substantial outlier within the European banking system.

More to the point, it is worth recalling that only two short months ago, on July 31, the same Stuart Lewis, when interviewed by Frankfurter Allgemeine said exactly the same thing, in an article titled "We are not dangerous"... 

... and promising that concern for the bank in the aftermath of the IMF report labeling it the most systematically risky bank in the world, was unfounded.

When asked if Deutsche Bank is indeed the most important net contributor to systemic risks,  he replied:

"No, not at all. Only one IMF report has recently muddled up the situation: We are not dangerous. We are very relevant. Deutsche Bank is interwoven with the entire financial sector. We are one of the largest universal banks in the world. But to make it clear: Our house is stable. The balance sheet is healthy."

When further asked if he can make this claim in good conscience, he said:

"Absolutely. Look at how we have capitalized the bank since the Financial Crisis. We have taken €115 billion in risks off the balance sheet and have €220 billion of liquidity. Concern for us is unfounded."

Two months later it turned out that concern for us was, in fact, "founded."

Amusingly, when Wolf Richter pointed out Lewis' comments, he noted that "wisely, Deutsche Bank's elephantine exposure to derivatives didn't even come up. It's better to silence the topic to death than to cause a panic with it."

Now, just over two months later, the topic has come up, and this time Stuart Lewis is scrambling to preempt concerns about the dozens of trillions in derivatives, using the same exact rhetoric: please ignore the elephant in the room; Deutsche Bank is fine.

But the biggest irony from Lewis' August appeal to investors was the following: "The good news is: the taxpayer does not have to step in; according to the new regulations for banks, bondholders will get hit first." If anything, events over the past two weeks confirmed that this will not happen.

* * *

Still, perhaps an even more important story ahead of Monday's open is not Deutsche Bank's latest attempt to ease investor concerns about its balance sheet and trillions in derivatives, but Friday's report that global banking regulators are sticking to their guns on capital standards in the face of intense European pressure to soften planned rule-changes.

As Bloomberg reported on Friday, the Basel Committee on Banking Supervision will wrap up work on the post-crisis capital framework, known as Basel III, on schedule by the end of the year, William Coen, the regulator's secretary general, said on Friday. Key elements criticized by European Union policy makers will be retained, according to the text of Coen's remarks in Washington.

One flashpoint is a proposed new capital floor that caps the benefit banks can gain by measuring asset risk using their own models compared with a formula set by regulators. Coen said "discussions are still under way" on the floor, though Valdis Dombrovskis, the EU's financial-services chief, called last month for it to be scrapped.

What this means is that as it wraps up Basel III, the regulator is under instructions not to increase overall capital requirements significantly in the process. That promise, first made in January, left open the possibility that individual countries or banks could face a marked increase.

"This is not an exercise in increasing regulatory capital requirements," Coen said. "However, this does not mean that the minimum capital requirement for all banks will remain the same; variability in risk-weighted assets can only be reduced if there is some impact on the outlier banks. So some banks which are genuinely outliers may face a significant increase in requirements as a result."

Banks such as Deutsche Bank, which while not named can be inferred: among the most vocal opponents to a boost in overall capital levels is German Finance Minister Wolfgang Schaeuble who has insisted that the Basel Committee not only keep any overall increase in capital requirements to a minimum, but also ensure the rules have no "particularly negative consequences for specific regions," such as Europe. Or rather, Germany.

In the current round of talks, Europe and Japan are keen to retain risk-sensitivity in the capital rules, including the use of models where appropriate.  The European Commission, the EU's executive arm, doesn't believe capital floors are an "essential part of the framework," Dombrovskis said. Europe also opposes the Basel Committee's proposal to bar some asset classes from modeling entirely, and objects to the calibration of risk-weights in the standardized approach to credit risk.

Why is Europe, and its biggest bank, "keen" on retaining the existing model-based framework which would not require substantial capital increases for risky banks, of which Deutsche Bank is at the very top? Simple: the largest German lender is already notably undercapitalized, and any further capital needs would only lead to further pressure on its stock, forcing it to seel even more equity when the inevitable capital raising moment arrives; it also means that the models used by DB's risk managers are likely to materially misrepresent the bank's true value at risk, not only when it comes to its loan book, and especially Level II and III assets, but more importantly, its derivative book, where while we appreciate Mr. Lewis' assertion that the bank's €46 trillion in gross notional derivatives collapse to just €41 billion, we would be far more interested in seeing the math and assumptions behind this calculation.

Western gold reserves are never audited because they are compromised, von Greyerz says

Posted: 09 Oct 2016 07:12 PM PDT

10:13p ET Sunday, October 9, 2016

Dear Friend of GATA and Gold:

Last week's smashing of gold was the desperate undertaking of Western central banks and the Bank for International Settlements working in the paper market, Swiss gold fund manager Egon von Greyerz tells King World News today. He adds that the price-suppressing central banks have to use the paper market because they have compromised their gold reserves through leasing. That leasing, von Greyerz says, is why Western gold reserves are never honestly audited. Von Greyerz's analysis is posted at KWN here:

http://kingworldnews.com/alert-china-now-possesses-up-to-a-shocking-1200...

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



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K92 Mining Begins Gold Production at Kainantu Mine

Company Announcement
Wednesday, October 5, 2016

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.

Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."

...For the remainder of the announcement:

http://www.k92mining.com/2016/10/6077/



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Wednesday-Saturday, October 26-29, 2016
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Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

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Two Words Suddenly Strike Fear In Silicon Valley Hearts..."Price Reduced"

Posted: 09 Oct 2016 07:10 PM PDT

Authored by Mark St.Cyr,

Remember way back in the glory days when the combination of “everything social” and “IPO” meant near instant stardom and riches? For those who might be having a little trouble remembering; it was way back in days past just a little under 24 months ago. Yes, that’s months, not years.

Yet, as far as the many still clinging to IPO cash-outs, or stock option redemption in lieu of salary? It’s bordering on an eternity. And, believe it or not, that waiting game may have just been extended. The reason?

Look no further than the once hailed songbird of both “social,” and in a larger context, much of what being a tech firm in “Silicon Valley” encapsulated: Twitter™

Twitter has truly morphed into the literal “canary in the coalmine” of what I believe portends in the not so distant future for much of “The Valley” and “social media” in general. i.e., Laying on their backs, in the bottom of their cages, with nothing more than rumors and innuendo of either an offer to buy, or worse, an offer to just look. The latter having the worst of consequences once the “Thanks, but no thanks!” formality becomes public.

It would seem, in my opinion, Twitter™ received the equivalent of both in the very same week. Can anyone say (or should I say tweet?) Ouch!

As I stated earlier: “way back” was just under 24 months ago. And what truly took place as to hinder, or tarnish the implied “genius” status of founders, or the brilliance of the “it’s different this time” defense as it pertained to actual fundamental business metrics was The Fed’s ending of QE (quantitative easing.)

And with that has come the realization (albeit very slowly) that “unicorn and rainbow” thinking belongs where it should – in fairy-tales and folklore.

Want proof? Just look back to the ancient texts circa 1990-2000 in the “dot-com mania and crash section” via your search engine of choice. And for those of you old enough to had been “invested” back then? Just remember to have a tissue at the ready is all I’ll say.

For those not familiar, or those painfully trying to forget, the condensed version is this…

First there were cracks in the meme (think “it’s different this time”) then, one by one, once heralded IPO high flyers (think Twitter, LinkedIn™, etc.) began losing value from their peaks. At first it was slowly, then suddenly, and all at once, where they never regained their former lofty valuations. Till finally, the revenue models (think “eyeballs for ads”) along with their assumptions (think “billions upon billions of potential customers!”) were completely destroyed, taking even the largest of players down only a few years later of what was seen at that time as “unimaginable” with the demise of the then king of “new media” AOL™, yesterday’s equivalent of Facebook™ today.

But not too worry, after all, it’s different this time, yes?

Although I’m not as old as Methuselah (if you don’t ask the kids) I penned an article way back when in Sept. of 2014 titled “The Shot Heard Round The Valley World.”  right before the official ending of QE. And in it I made the following argument. To wit:

“But, one shouldn’t read into this as “confirmation” the risk appetite story is not only alive but growing. For that is all about to change.

 

Once the Fed shuts down the section of QE that has been pumping Billions upon Billions of dollars every month – it’s over for a great many of today’s Wall Street darlings.

 

Think of it this way: Who is going to fund your next round when they no longer have access to the Fed.’s piggy bank? Let alone pump more money into older start-ups that just haven’t produced any real money (as in net profit,) but have produced nothing more than great new employee digs or benefits?

 

Tack along side this the culture shock in what will seem near instantaneous with the shunning that will take place of any business resembling the, 3 employee, menial customer base, Zero if not negative profit margin businesses formed with the implicit intent as to be bought up or “acquired” for Billion dollar pay days.

 

These will be the first to go. That formulation is going way of the now infamous Pets dot-com sock puppet. This will be the first true shock to Silicon Valley culture that hasn’t been seen in many years. And it will be far from the only one.”

Along with this assertion:

“And that won’t be the only monumental shift coming. Maybe, one at an even faster pace: The meaning of IPO.

 

IPO is not going to have the same term of endearment it now has. I believe it will turn into the last and most dreaded three-letter acronym no one ever imagined in Silicon Valley.

 

The IPO screams of joy will turn into wails of terror when those VC “angels” meet at many “treps” desk and state – they’re IPO-ing.

 

No, not getting one set up for the big pay-day. No IPO will mean: “I’m pulling out.” i.e., “Have a nice day. Where’s the rest of my money?”

 

The once renowned purchases of “Billion dollar babies” will prove out not to be worth two cents in this environment.

 

Valuations will get crushed and people will be shocked at just how fast a company touted across the financial channels and other media as “fantastic buys” are flogged and fleeced when Wall Street comes back for their “investment.”

 

If the story or the numbers aren’t there – neither will these once darlings of Wall Street. Regardless of size or stature.”

You saw the ensuing cracks begin during the initial months of 2015 as the IPO market began drying up faster than a puddle in the Sahara as once Wall Street IPO darling stock prices went from “high flyer” to “dropped like a lead balloon” status – and never, repeat, never ascended within earshot of those once “totally worth it!” valuations.

Twitter is just the latest, LinkedIn showed just how much “hype” there was to all these valuation metrics. For without a Microsoft™ buy-out? It appeared when it came to getting more LinkedIn shares? There were more people looking to Link-out.

But not too worry! 2016 was said to be “The year for a rebirth of the IPO market.” That was said during the closing months of 2015. It’s now mid October 2016. How’s that all working out? (insert crickets here)

However, many will state this is all a bunch of “hyperbole” or “uninformed assertions” or better yet, as is portrayed among the main stream financial media crowd as “the doom and gloom-ers looking only to be proved wrong again, i.e., “For just look at these markets!” I leave you with 2 words that were near unconscionable over the last few years.

Two very small words that have monumental implications and should bring panic to anyone in tech, “Silicon Valley,” or still holding dreams of cashing out large on the basis of an IPO built on the “Eyeballs for ads” model. And it’s right there in Palo Alto, California for all to see. That is – if one dares look.

Those two words?

Price Reduced!

And no, that’s not in reference to a Silicon Valley darling such as a start-up. No, those two words belong to that other seemingly invincible meme which was seen as far more stable than the IPO’s that afforded them.

Real estate.

Ed Steer's Gold and Silver Daily letter for Saturday posted at GoldSeek

Posted: 09 Oct 2016 06:48 PM PDT

9:50p ET Sunday, October 9, 2016

Dear Friend of GATA and Gold:

Saturday's edition of GATA Board of Directors member Ed Steer's Gold and Silver Daily letter, a subscription service, is posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1476022380.php

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



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Bullion Star Plans Seminar in Singapore on October 19;
Participants Will Get a Voucher for a Silver Maple Coin

Bullion Star will hold a precious metals seminar at 7:30 p.m. Wednesday, October 19, in its bullion center at 45 New Bridge Road in Singapore. The event will feature Bullion Star CEO Torgny Persson and the company's market analyst, Ronan Manly. Topics to be discussed include "The Race for Gold, West vs. East," "Bullion Banking 101, and "The Gold Market -- Where Transparency means Secrecy." All attendees will receive a voucher for a Silver Maple coin.

To learn more about the event and to register for it, please visit:

https://www.bullionstar.com/buy/product/preciousmetalsseminar



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New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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

http://tinyurl.com/zr4tjuc

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:

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To contribute to GATA, please visit:

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

The Next Trump False Flag Exposed

Posted: 09 Oct 2016 04:05 PM PDT

 Alex Jones gives you an advance warning about what the next fake story about Donald Trump will be. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

DOLLAR COLLAPSE INEVITABLE | Philip Kennedy

Posted: 09 Oct 2016 03:33 PM PDT

Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. The overall fear is that all nations of the world back out on supporting this international alliance/agreement based...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

The Growing Threat of a Deflationary Meltdown and a Big Dollar Rally

Posted: 09 Oct 2016 03:09 PM PDT

Clive Maund

URGENT Critical Message to Trump Campaign! - Open Letter to Trump

Posted: 09 Oct 2016 01:22 PM PDT

Someone please get this Critical Message to Trump Campaign! - An Open Letter to the Trump Campaign. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Julian Assange - the extent of corruption by Hillary and the Clinton Foundation

Posted: 09 Oct 2016 12:11 PM PDT

Julian Paul Assange is an Australian computer programmer, publisher and journalist. He is editor-in-chief of the organisation WikiLeaks, which he founded in 2006.  The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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America - Economic Collapse 2016 - Noam Chomsky & Varoufakis - Capitalism - US Money - Debate 2016

Posted: 09 Oct 2016 11:54 AM PDT

Yanis Varoufakis considers himself a politician by necessity, not by choice. An economist and academic by training, he became GreeceтАЩs finance minister amidst the country's financial crisis, creating an image for himself both beloved and reviled. He discusses his complicated role in his new...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Silver-Investor's Dave Morgan: Beat the bankers at their own game

Posted: 09 Oct 2016 11:50 AM PDT

2:51p ET Sunday, October 9, 2016

Dear Friend of GATA and Gold:

Answering questions from his readers by audio today, financial letter writer David Morgan of Silver-Investor.com remarks that gold and silver mining companies are unlikely to launch their own class-action lawsuit against investment banks accused of manipulating the monetary metals markets because those banks are often the mining companies' own banks.

Morgan adds that quite apart from gold and silver, "the main thing that's manipulated is the price of money. When you can manipulate the price of money, you can manipulate the whole system."

Morgan's audio includes an interview with financial adviser Minesh Bhindi about Bhindi's strategy for using options to earn income from gold and silver holdings, a strategy to "beat the bankers at their own game."

That's how the audio is headlined. It's 25 minutes long and can be found at the second screen at Morgan's blog here:

http://blog.silver-investor.com/beat-the-bankers-at-their-own-game/

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



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



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Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
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Gold Bull Markets Have Corrections

Posted: 09 Oct 2016 11:25 AM PDT

Human nature is nothing if not consistent. I’ve seen this dozens  of times. At every single intermediate cycle low traders begin to doubt. No matter how strong the bull signals are, when a correction occurs traders find, or make up reasons for why the bear market is still in force or a new bear market is starting. Folks, bull markets have to have corrections. They don’t signal the end of the bull, they are just profit taking events when price gets stretched too far above the mean, or when sentiment becomes too bullish.

Clinton Email Compromised In Hostile Cyberattacks

Posted: 09 Oct 2016 11:09 AM PDT

The FBI's once-secret report on former Secretary of State Hillary Clinton's email system reveals that messages sent to aides were compromised by hostile foreign actors. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

In The News Today

Posted: 09 Oct 2016 09:13 AM PDT

'I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For, if human liberty is to survive in America , we... Read more »

The post In The News Today appeared first on Jim Sinclair's Mineset.

US Dollar Crawl

Posted: 09 Oct 2016 07:52 AM PDT

The US Dollar has been crawling along its rising 110 weekly moving average. This is not a bullish pattern and suggests a fall down to the US Dollar’s next lower support zone.

WIKILEAKS REVELATIONS ABOUT THE U.S. ELECTION TO BE RELEASED “IN A FEW DAYS”

Posted: 09 Oct 2016 03:18 AM PDT

Paul Joseph Watson for Infowars via DC Clothesline reports, Whistleblower organization makes new promise after Assange let down. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Breaking News And Best Of The Web

Posted: 08 Oct 2016 07:37 PM PDT

Another pretty good US jobs headline, followed by critical analyes. Deutsche Bank fails to negotiate a lower fine with the US, may have to raise capital on extremely unfavorable terms. British pound suffers flash crash. Global debt soars. Gold and silver down hard on stronger dollar, speculator longs unwinding. OPEC agrees to output cut, oil […]

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

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