Friday, October 21, 2016

Gold World News Flash

Gold World News Flash


Acacia shares jump as gold miner ramps up production

Posted: 21 Oct 2016 01:53 AM PDT

This posting includes an audio/video/photo media file: Download Now

Silver Bull Market Still in Force

Posted: 21 Oct 2016 12:15 AM PDT

the Silver Analyst

How Will The Election Outcome Impact Precious Metals?

Posted: 20 Oct 2016 11:01 PM PDT

Guest Post By Clint Siegner, Originally Published at Money Metals Exchange Metals investors wonder what this presidential election will mean for gold and silver markets. Since Nixon closed the gold...

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Fiat money and gold

Posted: 20 Oct 2016 10:55 PM PDT

Finance and Eco.

Yuan's inclusion in SDR did nothing for gold, GATA chairman notes

Posted: 20 Oct 2016 09:32 PM PDT

12:33a ET Friday, October 21, 2016

Dear Friend of GATA and Gold:

Interviewed by Dunagan Kaiser for Reluctant Preppers, GATA Chairman Bill Murphy notes the failure of gold to respond positively to the Chinese yuan's addition to the International Monetary Fund's Special Drawing Rights. He adds that he expects that gold and silver will be as tightly controlled as ever in advance of the U.S. presidential election. The interview is 14 minutes long and can be heard at You Tube here:

https://www.youtube.com/watch?v=fXrRYkIUAz8&feature=youtu.be

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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"Dear Janet"? - China Devalues Most Since August, Yuan Tumbles To Lowest Since Sept 2010

Posted: 20 Oct 2016 07:52 PM PDT

For the 10th day of the last 11, onshore yuan has weakened against the dollar. A 0.35% devaluation of the Yuan fix - the most since August - catching down to offshore Yuan's weakness, suggests (for now) PBOC policy is 'allowing' the drop and perhaps sending yet another 'turmoil-induing' message to The Fed as their hawkishness grows.

Since the start of Golden Week, yuan has plunged...

 

Plunging Yuan back near pre-peg-break levels from Sept 2010...

 

Sending a message?

David Rosenberg Calls For A Multi-Trillion, "Helicopter Money" Stimulus Package

Posted: 20 Oct 2016 07:40 PM PDT

With the inherent weakness in US GDP and the rising probability of a recession (two weeks ago Bank of America modeled that the next recession would likely start roughly one year from now), Gluskin Sheff's David Rosenberg thinks that with monetary options exhausted it will take a fiscal boost in the trillions of dollars to kickstart the economy. These issues were discussed in an extended interview with Real Vision TV, where the chief economist and strategist at Gluskin Sheff proposed some radical policies to engineer the growth needed in nominal income. 

His ideas, some of which can be seen here in a clip of the interview, include helicopter money attached to a $2 trillion perpetual bond, massive infrastructure spending and measures to tackle the $1 trillion student debt load that has seriously hamstrung the economy.

Here are some of the interview highlights:

Doing the Same Thing Over Again and Expecting a Different Outcome

Whether the US will in fact experience the technical definition of a recession is a matter of fervent debate, with the odds something like 20%-30%, according to Rosenberg (60% according to Deutsche Bank), but with growth averaging around 1%, there is no doubt the economy is weak.

"There are some people saying a recession is here right now," Rosenberg says, "I don't think that we meet those conditions yet. But people say, well, look. Twelve months in a row of negative year on year industrial production, that's never happened outside recession, check. We've had now going into six quarters of profit contraction, year over year. That's only happened in the context of a recession, check. I mean, all that is true, but so much of this has been related to the oil shock that we had."

Rosenberg's problem with monetary policy, now in its 7th year of unorthodox experimentation, is that it has become a weak antidote to structural problems in the economy (even if it is still quite potent at boosting financial asets). Fiscal policy on the other hand, if constructed right, could be the answer due to its very powerful multiplier impact. "I can't say that I know for sure, but it's the old Einstein adage about the definition of insanity," Rosenberg said. "And we're finding that we're really-- if we're not hitting the wall on monetary policy, we're certainly seeing classic economics 101 of the law of diminishing returns."

In terms of infrastructure spending, he said that one lesson from recent history and the Great Recession is that you've got to have the credibility to convince people that this is going to be permanent and not temporary, in terms of the impact on the economy. "So it can't be transitory. It's got to be very big. With interest rates as low as they are, there's certainly the capacity. I mean, you've got a lot of governments around the world issuing 50 or 100-year bonds. So this is a once in a lifetime opportunity to borrow money."

A Couple of Trillion Dollars of Helicopter Money

While companies have been taking advantage of these conditions to borrow money, the funds have not been invested in the real economy. Share buybacks have become more popular, while personal savings rates have increased amid the economic uncertainty. This all boils down to a big case for government spending, with monetary policy joining forces with fiscal policy in the form of helicopter money.

"What you do with helicopter money is you finance it off the central bank's balance sheet because we're talking doing something very dramatic to reflate the economy," Rosenberg said. "It's not a few hundred billion dollars. It's a couple of trillion...I know I'll get accused of bailing out the sinners, but, my lord, we've already done that. I mean, nobody went to jail."

One of the things holding the economy back is the $1 trillion student debt load, which he said has left 35% of males aged 18 to 34 living with mom and dad, not getting jobs and not becoming first time home buyers. Employment growth for the 65s and over is 7%, meanwhile, as the aging boomers have to work longer because they didn't save enough for retirement. 

"Helicopter money is QE plus where, say, the treasury issues a perpetual-- call it, like, a century bond, a $2 trillion bond on the Fed's balance sheet. And so when that bond matures, it's, like, we're all dead in the long run at that point. And then the Treasury can use that money to stimulate growth. "

The beauty of this idea, according to Rosenberg is that you don't have to go through Congress, with such difficulty in achieving corporate or personal tax reform.  "It would lead to a permanent increase in the monetary base. Inflation expectations would go up, which means that real interest rates would go negative. And the theory is that that would provide a bigger thrust towards getting what we all want, which is sustainable and accelerating nominal income growth."

Real Risk of Fed Mistakes or Trump Trade War

Sustainable and accelerating nominal GDP is certainly what's required while the risk persists that we could be shocked into recession, or the Fed could make a mistake in raising interest rates too aggressively.

"That's what happened in December of last year. They raised rates 25 basis points, but the overall financial tightening, in terms of what it meant for the dollar or in credit spreads and the stock market, it was really, like, 75 basis points of tightening. And the next thing you know, the economy slows to stall speed."

Another concern for investors is the prospect of a Trump presidency, bringing with it the potential start of a trade war. That could provide the sort of exogenous shock to cause the economy to go into recession, Rosenberg stated, noting that historically all the recessions in the post war period have been created by the Fed.

"The problem is that when you have the economy running on average 1% growth, or 1% plus, which is not a big cushion. And so, you know, it's a complicated question to try and handicap a recession on us right now. There's a lot of people out there that are convinced that a recession is coming."

To watch the full interview with David Rosenberg, visit Real Vision TV.  You can access this and many more interviews with a free trial. 

* * *

Oh, if Rosenberg's idea gets traction - and execution -  which it will eventually, as we have said since our first days in 2009, buy lots and lots of gold.

US 'Relocated' ISIS Terrorists Out Of Iraq, Into Syria To Fight Assad

Posted: 20 Oct 2016 06:50 PM PDT

Submitted by Vaughan Famularo via TheDuran.com,

As the Iraqi military with US support closes in on Mosul it is becoming clear that the US plan is to transfer the ISIS troops defending the city to Syria as part of the regime change plan there.

The Russian news media RIA Novosti, has revealed that US and Saudi leaders have decided to allow the safe passage of 9000 ISIS terrorists to vacate Mosul in Iraq and, relocate into Syria.

The surprising information was leaked by an anonymous diplomatic source. It was also claimed that this decision was conditional on the terrorists agreeing to fight Syrian and Russian troops in Palmyra and Deir Ezzor.

In the past two weeks we have witnessed the chaotic musing within the US Political and diplomatic corps once their impotence was exposed in Syria due to the collapse of the ceasefire and, the resumption of hostilities in Aleppo.

 

The bedlam and frustration exhibited by Western leaders has been apparent to all with wild claims of possible shooting down of Russian jets in Syria and, the continued ache and longing for the implementation of their, No Fly Zone.

Despite the turbulent political rumblings and threats, Russia and the government of Syria have steadfastly worked to free eastern Aleppo from the remaining terrorists who are now surrounded there.

The decision to allow ISIS to flee safely into Syria once again reveals to the world the gloved hand that shepherds and steers these terrorists.

The bombing of Syrian Army soldiers in Deir Ezzor by US and coalition Jets now appear purposed and calculated rather than an accident claimed by the US.

To add to the controversy, what was generally unreported in the media was a further attack a few days later that destroyed the last two surviving bridges spanning the Euphrates River.

Their destruction, will isolate the Syrian forces stationed at Deir Ezzor and, make life more difficult for the Syrian people who are already wearing the burden of six years at war.

As the ISIS terrorists leave Mosul and travel into Syria their objectives are the recently freed city of Palmyra, and the brave city of Deir Ezzor. Whether their safe passage from Mosul includes US and Saudi cover into Syria remains a mystery.

Regardless their location in eastern Syria allows their masters the tactical advantage of mobilising these proxy forces at the time of their choosing in their ultimate goal of deposing Syrian President Assad.

THE CLINTON RECORD

Posted: 20 Oct 2016 06:49 PM PDT

A devastating exposé of the most unfit and undeserving individual ever to seek the American presidency. http://www.frontpagemag.com/fpm/264499/clinton-record-john-perazzo The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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The End State: 5 Triggering Events That Would Place The U.S. Under Martial Law

Posted: 20 Oct 2016 05:40 PM PDT

Submitted by Mac Slavo via SHTFPlan.com,

This article was originally published by Jeremiah Johnson at Tess Pennington’s ReadyNutrition.com

martial-law-2

As you are probably well aware, the Obama administration would like nothing more than to place the United States under Martial Law.

Once that is accomplished, the country and people would be locked down and kept under control on the pretext of continuing with the government and/or maintaining the national security of the U.S.

Let’s take a look at 5 events the administration would be most likely to utilize to reach this end state.

Note: All of these can occur simultaneously, successively, or individually in any combination at any time: there is no limit to their use or potential to recur!

1. Economic Meltdown

Over the course of this past year, we have seen a tremendous amount of volatility in trade (international) and the U.S.’s domestic manufacturing base.  As our fragile economy is based on 75% of consumer spending, any significant downturn that keeps the shoppers home can lead to disastrous reports.  Lower consumer spending means people do not buy goods and services beyond the absolute essentials, and worse: (in the government’s eyes) they hoard money and withdraw their funds from bank accounts.

The Baltic Dry Index (BDI) can be seen as a key indicator of raw goods and materials transported to manufacturers and consumers via shipping contracts.  As mentioned in previous articles, Hanjinn Container Company, the7th largest container corporation in the world just filed for bankruptcy over the summer.  You can see the BDI fluctuations day by day when you visit http://www.bloomberg.com/quote/BDIY:IND.  It has been fluctuating wildly over the past year.

Deutsche Bank is on the verge of bankruptcy and large banks such as Bank of Americaand J.P. Morgan have been plagued by losses and lawsuits alike.  The unemployment rate is truly about 25% and the “Soviet” style statistics quacked from the radio on “record gains” and “economic improvements” are false and intentionally misleading.  A “Bank Holiday”has already happened in places such as Indianapolis, and when the politicians, bankers, and oligarchs decide, they will pull the plug on a Federal Reserve system of fiat currency that is already an ineffective laughingstock of a smirking world that is steadily returning to the gold standard.  When that Bank Holiday is declared, you can be sure the financial systems will collapse and Martial Law will be waiting in the wings.

2. Cyberattack

This one is definitely one of the administration’s favorites.  We’ve been seeing signs of this with the DHS (Department of Homeland Security) and DNI (Director of National Intelligence) letters and statements that the Russian government is hacking into the American electoral and election process.  The “targeting” of the DNC (Democratic National Convention) e-mails was assigned to the Russians and officially the Russian government has been accused by the administration of such, and trying to influence the presidential race on Friday, 10/14/16.

We also saw on 9/7/16, two days before the 5th North Korean nuclear test, the corporation based in California that monitors North Korean missile launches and nuclear testing was hacked into.  A DoS (Denial of Service) was placed into their computer systems, preventing them from uploading satellite feeds and photos that would have enabled them to monitor the North Korean launch.  That corporation is the Project on Crowdsourced Satellite Imagery.  You can read more about this in the article “DoS Attack Crashes Website Monitoring North Korea’s Nuclear Test Site,” by Eric Niiler of Wired.com.

If other governments can crash our internet and servers, do you think it is possible that the U.S. government as directed by the Obama administration can do it on its own? 

When that occurs, cell phones will go down, the computers will go down, the financial markets will be in a turmoil and cease trading, and ATM’s and bank cards will be rendered useless.  Transportation, inventories, shipping, and deliveries will all be thrown into a turmoil and come to a halt.  For an excellent description of this, read Mac Slavo’s article fromSHTFplan.com entitledWhen the Trucking Stops,” that shows how vulnerable our nation’s supply lines are.  Bottom line: if all of this goes down as a result of a cyberattack, Martial Law will immediately follow.

3. “Unforeseeable/Black Swan” Event

As of last week, Obama just signed an Executive Order (EO), entitled Executive Order: Coordinating Efforts to Prepare the Nation for Space Weather Events,” signed10/13/2016.  Such an EO could cover meteor strikes, Coronal Mass Ejections (CME’s) from the sun, a comet, or any other space anomaly.  Not a big deal, you may think?  It is a big deal, because here’s the bottom line:

Who is to prevent Obama from either causing another nation to launch an EMP (Electromagnetic Pulse) weapon, or launching one of his own (U.S.-made weapon), taking down the grid and subsequently blaming it on a CME event/solar storm, courtesy of the sun?

Other events would include potentially man-made or generated storms, such as earthquakes, hurricanes, or even volcanic activity.  If one scoffs at such, remember all that it would need is a 1 megaton nuclear “kicker” to set off either Yellowstone Caldera or the San Andreas Fault.  Such natural disasters (initiated by man or genuine) usually result in Martial Law at the state level on a regular basis, much less one that is national in scope…that Obama would jump on to inculcate Martial Law.

4. Nuclear War/EMP Attack

Any day we could be at war with North Korea, Iran, China, or Russia.  The resulting devastation, whether a full-scale or a limited nuclear war would automatically set in motion the wheels for COG (Continuity of Government), and a declaration of Martial Law.

Let me close this portion with my caveat:

World War III will begin with the detonation of an EMP device or weapon over the continental United States, followed by a limited nuclear exchange and then conventional warfare.

5. Viral or Bacterial Pandemic

Either naturally-occurring, or man-made.  The CDC (Centers for Disease Control) just inherited a tremendous amount of “police power” over the summer regarding their newfound ability to quarantine individuals or large groups of people on the suspicion of contamination/communicability regarding viral or bacterial pathogens relating to a potential or real pandemic.

There is an article by Catherine J. Frompovich entitled “ALERT: U.S. CDC Giving Itself Unconstitutional Powers to Round Up and Detain Citizens En masse Anytime, Anywhere and Throw Away the Key,” dated on 9/3/16.  This article details how these police powers were created in the Federal Register as the Proposed Rule “Control of Communicable Diseases” on August 15, 2016 that are now in effect to be found underFederal Register Number: 2016-18103.  Guess what?  That proposed rule is now law, and could easily be utilized to “justify” Martial Law in the U.S. because of a pandemic: naturally-occurring, man-made, or phony.

In addition to all of these juicy tidbits, the deciding factor is what I refer to as the “IHM,” or “Incredible Human Mob.”  Yes, Civil Unrest is a factor; yet it is not a method but a “sign/symptom,” a “side-effect” of what happens when one of the aforementioned 5 methods are employed.  “In the interests of public safety,” or “to protect the public,” or “to maintain law and order” are the phrases trumpeted by our benevolent and friendly government.

As Rahm Emmanuel said, “Never let a crisis go to waste,” the very ones who are to be protected (the public) are the ones who create the conditions for civil unrest.  It’s literally a “problem that takes care of itself,” and here’s the bottom line to cover the Civil Unrest factor:

Using the fake justification “in the interests of the safety of the people,” martial law will be declared to confine, restrict, and control the people…protecting them from…themselves.

Then come the restrictions to travel, the police state in the streets, at the workplace, and the confiscation of firearms.  Then comes the removal of “dissidents and potential troublemakers,” as well as the curfews, restrictions, and limitations in every facet of our society.  Martial Law is an objective of the Obama administration.  The problem is that he (Obama) cannot just arbitrarily declare it.  The declaration requires a prod, such as one of the 5 methods mentioned.  In those circumstances, he then can suspend our rights under the Constitution and bypass the true laws of the U.S.  Such an end state is his desire.  Such an end state would also mean the end…of the United States.

Gold Price Trades Back to the Breakout for a Final Kiss Good-Bye

Posted: 20 Oct 2016 05:22 PM PDT

20-Oct-16PriceChange% Change
Gold Price, $/oz1,265.60-2.30-0.18%
Silver Price, $/oz17.50-0.11-0.65%
Gold/Silver Ratio72.3120.3370.47%
Silver/Gold Ratio0.0138-0.0001-0.47%
Platinum Price931.20-8.90-0.95%
Palladium Price631.80-2.65-0.42%
S&P 5002,141.34-2.95-0.14%
Dow18,162.35-40.27-0.22%
Dow in GOLD $s296.66-0.12-0.04%
Dow in GOLD oz14.35-0.01-0.04%
Dow in SILVER oz1,037.734.430.43%
US Dollar Index98.310.370.38%
IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure our retail selling price, multiply the "ask" price by 1.035. To figure our retail buying price, multiple the "bid" price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
SPOT GOLD:1,264.90   
GOLDFine Tr.Oz.BIDASK$/oz
American Eagle1.001,299.051,307.271,307.27
1/2 AE0.50644.59667.231,334.47
1/4 AE0.25325.45339.941,359.77
1/10 AE0.10132.71138.511,385.07
Aust. 100 corona0.981,232.421,241.421,266.49
British sovereign0.24299.99312.991,329.61
French 20 franc0.19233.80237.801,273.68
Krugerrand1.001,278.811,288.811,288.81
Maple Leaf1.001,274.901,288.901,288.90
1/2 Maple Leaf0.50727.32664.071,328.15
1/4 Maple Leaf0.25322.55338.361,353.44
1/10 Maple Leaf0.10134.08137.871,378.74
Mexican 50 peso1.211,515.811,526.811,266.33
.9999 bar1.001,269.331,276.901,276.90
SPOT SILVER:17.48   
SILVERFine Tr.Oz.BIDASK$/oz
VG+ Morgan $B4 19050.7725.0027.0035.29
VG+ Peace dollar0.7720.0022.0028.76
90% silver coin bags0.7213,141.7013,427.7018.78
US 40% silver 1/2s0.304,964.855,114.8517.34
100 oz .999 bar100.001,728.001,763.0017.63
10 oz .999 bar10.00176.30181.3018.13
1 oz .999 round1.0017.2817.7817.78
Am Eagle, 200 oz Min1.0018.9820.4820.48
SPOT PLATINUM:931.20   
PLATINUMFine Tr.Oz.BIDASK$/oz
Plat. Platypus1.00946.20976.20976.20


Don't y'all get caught up in little day to day moves. Step back & look harder.
Yesterday silver and gold prices bettered their Tuesday breakouts. But alas! They fell back today. Does that mean the whole promise has been broken?

Not hardly. Usually when markets break out (up or down), they trade back to the breakout for a final kiss good-bye. Offers the watchful a superb place to buy.

The GOLD PRICE lost $2.30 (0.2%) today to $1,265.60. Comex SILVER PRICE lost 11.4¢ (0.7%) to 1750.2¢.

Here's a gold chart, http://schrts.co/pbxEDM

Gold poked through the 200 day moving average yesterday (yeah!), then kissed back to it today. Meanwhile rate of change is straight up and MACD has turned unequivocally positive.
Silver chart's right here, http://schrts.co/o96FnV

The SILVER PRICE  followed a similar pattern. Broke out of triangle Tuesday, advanced yesterday, dropped back to breakout line today. So where are we? With a rally beginning, PROVIDED silver & gold keep rising again.

Here's more evidence of strong physical demand. The cheap small gold coins I've been begging y'all to buy have plumb disappeared from the market, and most low premium gold coins are hard to locate. (Add this to what I told y'all earlier about the rising US 90% silver coins premium and rising gold coin premiums.) And this is happening suddenly.

Y'all don't reckon the sight of those two teenagers swapping insults on TV last night is panicking folks into buying gold, do you?

Not gonna waste time talking about stocks. They are trending down and without closes above 18,350 or 2170, downtrend will continue marching toward the cliff, and at last reach it.

US Dollar index chart is here. Hold your nose & look at it, http://schrts.co/0hC4w1

It has now risen past the July intraday high (97.62) & closed today above that at 98.31, having gained 37 basis points today (0.38%). Remains a bit iffy until it pulls past this new high, but assumption is it will continue higher. Odd, today's fairly meaty rise did not cause a big bruise on gold & silver.

Keep watching the bond markets for a Big Bang. 10 year treasury yield fell a little today, but stands above its 200 DMA. http://schrts.co/vUJO4G

Bottom line: SILVER & GOLD have a good sprout on a rally, but that sprout has to grow. Stocks are waiting for catastrophe. Can the Fed allow the dollar to keep climbing? I wonder. Sweat, Janet, sweat!

I hope y'all won't mind my sharing one more little Susan story. I said in her eulogy that she "adored planning parties & celebrations. She taught us to rejoice. Love made her play on purpose, just as she controlled everything else about herself on purpose."

First Christmas we were married we spent Christmas Eve with Susan's parents. She woke up as dawn cracked and danced downstairs like a six-year old . I clumped downstairs swollen and sullen with sleep. Susan was dancing around the tree, pulling out presents to show me. Clearly, I did not share her enthusiasm. She didn't like that. Finally she took a deep breath and searched for the worst name she could call me: "You're just a . . . mean, grumpy old person!" I deserved it.

A friend who is also widowed reminded me that his late wife (and our friend) often quoted C.S. Lewis' line: "Joy is the serious business of heaven."

Joy, dear friends, is serious business, and y'all better get serious about it.

Now some of y'all will read than and it will roll off like water off a duck's back, because you are too busy for joy. Others will see, & taste, & drink, & begin to understand why the most serious souls are also the very merriest.

Argentum et aurum comparanda sunt —
Silver and gold must be bought.
— Franklin Sanders, The Moneychanger
Learn what most investors—including credentialed financial experts—don't know.



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The Govt Is Watching You - America Is Losing A WorldWar - Global Protests - FSS World News Update

Posted: 20 Oct 2016 03:30 PM PDT

 I've known for some time now that the Government has been watching me on my laptop, that's why late at night I like to strip down and do a little dance for them. Your welcome fellas. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,...

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Trump’s Candidacy — the Good and the Bad of It

Posted: 20 Oct 2016 02:31 PM PDT

This post Trump's Candidacy — the Good and the Bad of It appeared first on Daily Reckoning.

My book, Trumped! A Nation at the Brink of Ruin and How to Bring It Back,  is no testimonial on behalf of Donald Trump's candidacy.

Much of what he advocates is wrong-headed or downright reprehensible. But it does salute him as the rallying force for Main Street insurrection because the existing regime of Bubble Finance on Wall Street and statist aggrandizement in Washington threatens incalculable ruin.

In that context, we are mindful that in posturing as an anti-politician outsider Trump has also proven himself to be a rank demagogue. His scurrilous attacks, among other things, on Moslems, Mexicans, minorities, women, political opponents and countless more are frequently beyond the pale — even by today's rudely partisan standards of public discourse.

Indeed, there has rarely been a political figure in American life who has emitted as much baloney, bombast, brimstone and bile as Donald Trump. And none has ever matched his narcissism and egomaniacal personality. But that doesn't explain his success.

The Donald's patented phrase that "we aren't winning anymore" is what really struck a deep nerve on Main Street. His rhetoric about giant trade deficits, failed foreign military adventures and other shortcomings of America's collective polity touches that chord.

Indeed, Trump's appeal is rooted at bottom in voter perceptions that they personally are no longer winning economically, either. The vast expanse of Main Street America has indeed been losing ground for the last 25 years. What is winning is Washington, Wall Street and the bicoastal elites. They prosper from a toxic brew of finance, debt and politics.

Our purpose at this point, however, is to dispel any illusion that Donald Trump — the man and his platform — offers any semblance of a remedy…

In the great scheme of history, The Donald's role may be to merely disrupt and paralyze the status quo. And that much he may well accomplish whether he is elected or not. For what is actually happening is metapolitical. The bipartisan ruling elites are being Trumped, as it were, by a populist uprising.

Their entire regime of casino capitalism, beltway racketeering and imperial hegemony is being unmasked. The unwashed voters are catching on to the "rigged" essence of the system, and have already become alienated enough to rally to outlaw politicians—like Bernie and Trump — peddling bogus socialism and reality-TV populism, respectively.

To be sure, the metaphor of shock and awe and the idea of "regime change" have been given a bad name by Bush the Younger and his bloody henchmen. Yet there is no better way to describe Donald Trump's rise and role than with exactly those terms. The current regime arose in the 1980s from Ronald Reagan's regrettable decision to rebuild the nation's war machine — along with the GOP's conversion to Dick Cheney's "deficits don't matter" fallacy and Alan Greenspan's ill-fated discovery of the Fed's printing press in the basement of the Eccles Building.

Those deplorable, illicit and unsustainable departures from sound policy have subsequently morphed into the full-blown mutant state. Its many deformations are undeniable. They include soaring public and private debts at home; the peace-destroying and fiscally crushing American Imperium abroad; serial financial bubbles that have gifted mainly the 1%; and rampant Beltway influence peddling and a PAC-based campaign finance system that amounts to money racketeering, among countless other ills.

This entire misbegotten regime is now well past its sell-by date. It's waiting to be monkey-hammered by an unscripted and uninvited disrupter. For at least that role, Donald Trump is eminently qualified. He represents a raw insurgency of attack, derision, impertinence and repudiation.

He's the battering ram that is needed to shatter the polite lies and delusions on which the current regime rests. If he had been ordered from central casting for that role, in fact, it would have been difficult for Hollywood to confect anything close to the brash, egomaniacal rabble-rouser who now has the ruling elites in a fever pitch of sanctimonious reproach.

It is no wonder they are virtually screeching that he is "unqualified." Yes, Donald Trump is rude, impulsive and loutish to a fault. That's why, in fact, his is unsuited for the establishment's job definition. That is, to preside over another four years of the kind of risible, kick-the-can fantasy-world that serves the interests of our Wall Street and Washington rulers.

The latter would have the left-behind legions in Flyover America believe that everything is fixed and that the financial crisis and the Great Recession were but a random and unrepeatable bump in the night that will never recur. As Obama blatantly fibbed at the Democratic convention, America is already great and America is already strong.

No, not even close.

America is heading for a devastating financial collapse and prolonged recession that will make the last go-round look tame by comparison. The entire recovery is one giant Potemkin village of phony economics and egregious financial asset inflation. It isn't even a mixed or debatable story. Beneath the "all is awesome" propaganda of the establishment institutions is a broken system hurtling toward ruin.

For example, during the month of July 2016, when the Democrats were convening in Philadelphia to confirm a third Obama term and toast 25-years of Bubble Finance, exactly 98 million Americans in the prime working ages of 25 to 54 years had jobs, including part-time gigs and self-employment. That compares to 98.1 million during July 2000. That's right. After 16 years of the current regime we have 5 million more prime working age Americans and not a single one of them with a job.

At the same time, the number of persons in households receiving means-tested benefits has risen from 50 million to 110 million. Even as the economic wagon has faltered and become loaded with dependents, however, the financial system has grown by leaps and bounds.

For example, during those same 16 years public and private debt outstanding in America has risen from $28 trillion to $64 trillion. The value of publicly traded equity has increased from $25 trillion to $45 trillion. And the net worth of the Forbes 400 has nearly doubled from $1.2 trillion to $2.4 trillion. In a word, the U.S. economy is a ticking time bomb.

Main Street economics and Wall Street finance have become radically and dangerously disconnected owing to the reckless falsification of financial markets by the Fed and Washington's addiction to endless deficits and crony capitalist bailouts and boodle. There is not a remote chance that this toxic brew can be sustained much longer.

Under those circumstances the very last thing America will need in 2017–18 when it hits the fan is a lifetime political careerist and clueless acolyte of the state who knows all the right words and harbors all the wrong ideas. Indeed, during the coming crisis America will need a brash disrupter of the status quo, not a diehard defender.

Yet when the Dow index drops by 7,000 points and unemployment erupts back toward double digits, Hillary Clinton's only impulse will be to double down. That is, to fire-up the printing presses at the Fed from red hot to white heat, plunge the nation's fiscal equation back into multi-trillion deficits and crank-out Washington's free stuff like never before.

A combination of a Clinton White House and the devastating day of reckoning just ahead would result in Big Government on steroids. It would also tilt the Imperial City toward war in order to distract the nation's disgruntled voters in their tens of millions.

Indeed, her prospective war cabinet — including Victoria Nuland and Michéle Flournoy — is comprised of the actual architects of Washington's unprovoked NATO siege on Russia's own doorsteps.

God help America.

Regards,

David Stockman
for The Daily Reckoning

Ed. Note: The most entertaining and informative 15-minute read of your day. That describes the free daily email edition of The Daily Reckoning. It breaks down the complex worlds of finance, politics and culture to bring you cutting-edge analysis of the day's most important events. In a way you're sure to find entertaining… even risqué at times. Click here now to sign up for FREE.

The post Trump's Candidacy — the Good and the Bad of It appeared first on Daily Reckoning.

WW3 RED Warning Nuclear Attack -- Beware a false flag to blame on Russia

Posted: 20 Oct 2016 02:00 PM PDT

WW3 RED Warning Nuclear Attack PUTIN Surrounded USA NATO Military Drills On RUSSIAN Border F I ! Beware a false flag to blame on Russia .. we all know the United States of Isrealhell are the false flag experts .. The Financial Armageddon Economic Collapse Blog tracks trends and...

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Anonymous Message To The Corrupted Media

Posted: 20 Oct 2016 01:00 PM PDT

Anonymous Message To The Corrupted MediaWe Are Anonymous.We Are Legion.We Do Not Forgive.We Do Not Forget.United As One. Divided By Zero. Expect Us. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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BHP Billiton rejects criminal charges brought in Brazil over dam collapse

Posted: 20 Oct 2016 12:39 PM PDT

This posting includes an audio/video/photo media file: Download Now

HARRY DENT - Market Crash Is Coming

Posted: 20 Oct 2016 12:30 PM PDT

Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn you, or prevent to lose money. Do you want to be informed with Max Keiser, Alex Jones, Gerald Celente, Peter Schiff, Marc Faber, Ron Paul,Jim Willie, V Economist, and many...

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BREAKING Donald Trump Pledges to accept Election Results under one condition October 20 2016

Posted: 20 Oct 2016 12:01 PM PDT

 BREAKING Donald Trump Pledges to accept Election Results under one condition October 20 2016 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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It's Rally Time for Gold and Silver Equities

Posted: 20 Oct 2016 11:55 AM PDT

Precious metals expert Michael Ballanger discusses the uptick in gold and silver miners and the Deutsche Bank gold bullion settlement. One of the more striking developments in the bizarro world of gold and silver trading has to be yesterday's settlement between Deutsche Bank and a class-action group that alleged that the bullion banks (DB, Scotia and HSBC) were manipulating the physical and Comex silver futures market since 2007; what is laughable and disgusting is the size of the settlement—$38 million. It's like Lee Harvey Oswald being charged with "Assault with a Deadly Weapon" and winding up with a misdemeanor. Then again, it is really no different than Libor-rigging or the sub-prime mortgage fraud or more recently the Wells Fargo scam.

Jan Skoyles and Mark O'Byrne: War on cash to benefit gold?

Posted: 20 Oct 2016 11:49 AM PDT

2:50p ET Thursday, October 20, 2016

Dear Friend of GATA and Gold:

GoldCore's Jan Skoyles and Mark O'Byrne today explain comprehensively how the campaign to abolish cash and make all financial transactions electronic and recordable would expropriate liberty and move all power away from individuals to government and banks. This is, Skoyles and O'Byrne conclude, another reason why the accessibility of gold is the prerequisite of liberty. Their commentary is headlined "Cashless Society -- War on Cash to Benefit Gold?" and it's posted at GoldCore here:

http://www.goldcore.com/us/gold-blog/cashless-society-war-cash-benefit-g...

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



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13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven

Company Announcement
Monday, October 17, 2016

TORONTO, Ontario -- Bullion Management Group Inc., a Canadian pioneer in precious metals investing, has expanded its line of bullion funds with the launch of BMG Silver BullionFund. The new fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.

BMG Silver BullionFund is an open-end mutual fund trust that can be purchased and redeemed daily at net asset value and is eligible for TFSA, RRSP, and RESP investments.

Nick Barisheff, president and CEO of BMG, believes that there are several important reasons why investors looking for a safe haven are adding bullion to their portfolios. He observes that $13.4 trillion of government bonds worldwide now offer yields below zero. ...

For the remainder of the announcement:

http://bmgbullion.com/13-4-trillion-reasons-new-bmg-silver-bullionfund-m...



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Wednesday-Saturday, October 26-29, 2016
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http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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Abandoned Son Of Bill Clinton Confronts Hillary's Lies at Final Debate

Posted: 20 Oct 2016 11:30 AM PDT

Abandoned Son Of Bill Clinton Confronts Hillary's Lies at Final Debate 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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Decision 2016: A Guide for Hillary & Trump Voters

Posted: 20 Oct 2016 11:00 AM PDT

If Hillary gets elected there will be an nationalist uprising. 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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Consumers will be hit by capital rules on gold, refiners say

Posted: 20 Oct 2016 10:13 AM PDT

By Henry Sanderson
Financial Times, London
Thursday, October 20, 2016

Gold refiners are warning that regulators' plans that forces banks to utilise longer-term funding against their holdings of the precious metal will ultimately make it more costly for consumers buying jewellery.

Banks lend gold to refiners, which typically use it to pay suppliers and customers, but under new rules proposed by the Basel Committee on Banking Supervision, the costs to banks could triple, according to the London Bullion Market Association.

"It will mean the banks will pass this cost on," said Grant Angwin, president of Asahi Refining, a Salt Lake City-based refiner with operations in five countries. ...

... For the remainder of the report:

https://www.ft.com/content/1045992c-951c-11e6-a80e-bcd69f323a8b



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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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Trump VS. Clinton-Who’s “Better” For Gold?

Posted: 20 Oct 2016 10:02 AM PDT

Miles Franklin

A Total Meltdown Of The Current Financial System Is Certain. By Gregory Mannarino

Posted: 20 Oct 2016 10:00 AM PDT

Gregory Mannarino here to get the latest take on the US markets and the status of the global meltdown. Bonds, interest rates, Federal Reserve actions and Deutsche Bank gold & silver rigging reveal some scary figures and thus put us in a bad time historically for the potential worse crisis in...

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Alasdair Macleod: Fiat money and gold

Posted: 20 Oct 2016 09:47 AM PDT

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, October 20, 2016

It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks' money on deposit at the Fed and physical cash.

Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold. It is particularly appropriate at a time when banking analysts have turned generally bearish, believing that the rally in gold is now over.

The idea behind FMQ is to define the quantity of fiat money, which can then be compared with the value of monetary gold, which is some or all of the above-ground stocks of physical gold. ...

... For the remainder of the report:

https://wealth.goldmoney.com/research/goldmoney-insights/fiat-money-and-...



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A Lone Congressional Candidate Campaigns on the Gold Standard

The New York Sun just endorsed Connecticut Republican congressional candidate Daria Novak, based on her support for restoring the gold standard:

http://www.nysun.com/editorials/a-prosperity-heroine/89742/

Daria needs us to contribute $1,000, $500, $250, $100, $50, or whatever we can afford in the fiat money that is sleeping in our checkbooks. As the Sun wrote, "She vows to crusade" on the gold standard "as key to getting job creation, economic security, and upward mobility back at a sizzling rate." Novak has been endorsed by gold standard and sound money advocates George Gilder, Lawrence Kudlow, Jimmy Kemp (Jack Kemp's son), and Jeffrey Bell ... along with Steve Forbes, who calls Ms. Novak "the prosperity heroine."

To donate to Daria's campaign, please visit:

http://novakforcongress.org/donate/

Daria will personally thank all contributors.

Daria Novak is gold's lonely champion. Give her your backing and put a voice for gold in Congress.

This message was authorized by Daria Novak for Congress.



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Here’s What the Shanghai Accord Means for the Dollar

Posted: 20 Oct 2016 09:37 AM PDT

This post Here’s What the Shanghai Accord Means for the Dollar appeared first on Daily Reckoning.

The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg to the dollar.

You would cheapen the dollar, and then China would keep the peg, and the Chinese yuan would cheapen along with it. That framework came out at the end of February, and it was a very good guide for policy from February through June or July.

The problem is, and this is really important to understand, all of these processes are dynamic, and a lot of them are in conflict. In other words, the central banks want things that conflict with each other.

For example, the Federal Reserve (Fed) wants inflation. They say so. It's not a secret. One of the ways to get inflation is a cheaper currency, but they also want to raise rates. Which is why they have to raise rates, so they can cut them in the next recession.

Raising rates makes the dollar stronger. How do you reconcile a weaker dollar, which imports inflation, with a stronger dollar, which creates deflation? You can't. They're completely opposite goals, but this is where the approach diverges.

The central banks, because they've spent 8 years manipulating markets, manipulating the yield curve, manipulating exchange rates, fighting the currency wars, etc., have painted themselves into a corner from which there is no escape.

It's very important to understand you can't just take one idea and put a stake in the ground and say, "That's my idea for the next 2 years." That doesn't work.

We must act ahead of the curve. We offer much better analysis than Wall Street. We update continually. We're the first ones to say, "Hey, circumstances change. People change. Administrations change. We're going to look at the new updates, and we will amend the forecast."

The big picture for the Shanghai Accord is that a weaker dollar is still out there, but the Fed will temporarily say they can get away with it.

It's like a little child trying to steal money from their mother's wallet. If they think they can get away with it, they will. What they've been doing for years is looking for a way to get away with a rate hike. Mostly, they couldn't do it because, as the Fed did last December, it raised rates – and the markets fell apart.

Now, the Fed thinks the coast is clear. They think mom's not looking. They're going to go steal another dollar out of the wallet, and they're going to raise rates in December.

That is contrary to the Shanghai Accord, but the big idea of the Shanghai Accord is that you need to keep a peg with China and the weakening dollar is still in play.  Though I would say it's in hibernation right now. We are going to see this rate hike, and we're seeing it in the stronger dollar coming.

What's interesting is that, and this is where the dynamic analysis comes in, what was the point of the Shanghai Accord? The point of the Shanghai Accord to see if it was possible to cheapen the Chinese currency without breaking the peg to the dollar? The answer is yes, if you cheapen the dollar. Right now, we're not getting a cheaper dollar because the Fed's going to raise rates. For the big picture of cheapening the yuan is still in play.

What does that mean? It means that you're going to cheapen the Chinese currency and break the peg, and that's exactly what's happening.

If you look at the Chinese currency, they are sinking like a stone against the dollar. What's different between now and August 2015 and December 2015 is that the markets don't notice. The markets have not reacted to a weaker yuan the way they did the last two times.

This is a bunch of central banks walking on eggshells, trying to escape, hoping people don't notice. It's a lot to process because everyone's got their little corner or their little box or their little slice or whatever it might be. You got to step back from that to look at the big picture.

This creates even more vulnerability for stock markets. In other words, people haven't really focused on the Chinese yuan. What if they do? What if they wake up and say, "Wait a second. See what the Chinese are up to?"

Meanwhile, the dollar's getting stronger. Rates are going up. The Chinese are weakening. What does that mean for capital flight in China? What does that mean for Chinese stability? As this story evolves, you just have to stay vigilant.

Regards,

Jim Rickards
for The Daily Reckoning

Ed. Note: The most entertaining and informative 15-minute read of your day. That describes the free daily email edition of The Daily Reckoning. It breaks down the complex worlds of finance, politics and culture to bring you cutting-edge analysis of the day's most important events. In a way you're sure to find entertaining… even risqué at times. Click here now to sign up for FREE.

The post Here’s What the Shanghai Accord Means for the Dollar appeared first on Daily Reckoning.

This is What Your Gov't is Predicting For The Future

Posted: 20 Oct 2016 09:06 AM PDT

This is What Your Gov't is Predicting For The Future ✪ Blow Your Mind Time to burn down the mission. The Vatican IS the demonic force behind the NWO. The NWO IS controlled by the Roman Empire. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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Koos Jansen: The great physical gold supply-and-demand illusion

Posted: 20 Oct 2016 05:22 AM PDT

8:24a ET Thursday, October 20, 2016

Dear Friend of GATA and Gold:

Gold researcher Koos Jansen writes today that the major companies providing analysis of demand for metals underestimate demand for gold because they treat it more as a commodity than a currency. Jansen's commentary is headlined "The Great Physical Gold Supply-and-Demand Illusion" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/the-great-physical-gold-su...

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
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Help keep GATA going

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Gold Bull Market Still Intact, But...

Posted: 20 Oct 2016 04:14 AM PDT

The gold bull market is still very much intact. In fact, it appears that the all-time high could be taken out real soon. However, on the chart there is an obstacle that the gold price has to overcome. Another failure at this obstacle, and we could have a bigger drop than the one of a few weeks ago.

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