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Saturday, October 29, 2016

Gold World News Flash

Gold World News Flash

Come Hillary or High Water, It’s Just About Hell Week for the Economy

Posted: 28 Oct 2016 11:09 PM PDT

The following article by David Haggith was published first on The Great Recession Blog: 

Is Hillary Clinton crazy?

Election week is only about a week away. No matter who wins, rage will break out across the US landscape because, for the time being, the flames are kept minimally under a lid by hope on each side that their candidate will win. If Hellary Clinton loses, the establishment will come unhinged. If Trump loses, the Tumpettes are already sounding their war cry against the election results. Nothing is going to settle down no matter who wins; but to give Trump's supporters some encouragement, should the worst befall them, I offer the following silver lining:

As horrible as I believe a Hillary presidency would be — with its suffocating smog of endless scandals and swirl of smoke clouds from all the wars she would continue to instigate — as she so clearly did while senator and then secretary of state — a Hillary presidency would have one great benefit: it would in fairly short order bring clarity for the entire nation to the fact that the nation's economic ruin is the fault of the establishment (something about which many are obviously in great denial or they wouldn't vote for Hillary in the first place).

Hillary is as establishment as you get; so is Obama; so was George Bush (both of them); so are most of the Republicans and Democrats in congress. While that is stating the obvious, the point I am working up to is that a Hillary victory is a chance for a total flush four years from now.

The US economy is beyond saving at this point, anyway, regardless of who wins, and it will take a crash to push the reset button and wake America up. Having that crash hit while the establishment fully holds the reins should leave 100% of the blame at their feet, and it's not the much longer to wait.

I was thinking of writing about this hope when I read the following from David Stockman about what Hillary will face as president if she wins, with which I entirely agree, though I'd give a much shorter timeframe for the inevitable chain of events to come:

 

…because things are going to blow up in the next four years, there will be a stock market crash, there will be a recession, the annual deficit will be back in the plus trillion dollar category very soon and it will all come down on her head and on the watch of the establishment….

 

And maybe that will wake up the public, because it's going to be bad. And what Trump proved in this campaign is that the establishment, you know, will do anything politically to stop a challenge. But if we have the crisis that I know is coming, then maybe this thing can be busted wide open and we have a chance to clear the decks and start again. (Newsmax)

 

That, I think, is the best outcome from this election — national clarity when it all comes down as it most certainly is beyond saving at this point. For that reason only, I think a Hillary victory would actually be the best thing to happen to us (economically, but I am not sure it is worth the other non-financial costs we'd pay). The crash of the entire economy around Hillary's feet would galvanize the resistance to the establishment and all but assure an anti-establishment victory across the entire political landscape in the next election.

 

Signs of indifference that needs to break

 

The flatlining stock market, which I wrote about in my last article, barely had enough energy to raise an eyebrow today at the ostensibly good news that GDP growth doubled since last quarter to almost 3% — a number associated with fairly normal US economic growth.

It didn't go up because, "Yay, the economy is finally running at normal speed" or down because "Yikes, that means the Fed will be more likely to raise interest rates." Instead of either response, like a dying person, the market couldn't have cared less what was happening economically in the world today. That says to me the crash is imminent.

This same day, it registered the kind of upheaval that will come from the establishment if Trump wins. The market immediately plunged a hundred points when news broke of another FBI investigation that could cause trouble for Hillary. Not to worry, though, the Fed or government fix kicked in shortly thereafter and brought the market back up to its flatline status quo.

My biggest concern if Hillary wins is that Trump (and with him all anti-establishment voters) will be made into the establishment's scapegoat. They have already been preparing for this in consort with their media supporters, through whom they plan to say to American voters, "We told you the stock market would crash and take the economy down with it you elected Trump. See what happens when you don't listen to us and support the superior establishment."

Of course, a world raging with wars, as I've shown Hellary has planned, is a steep price to pay for the opportunity to lay all blame for our economic doom at the establishment's feet. That's why it's hard to say a Hillary victory, besides meaning I have to endure four years of nausea is worth the cost. I have no idea how bad the cost in wars might actually get if she wins.

 

The US economy is sinking fast, regardless of today's GDP number

 

Consider the following recent headlines as a sign of the way the national and global economy continue to slide into the abyss of the Epocalypse — regardless of what the GDP data indicated today: (The headlines help explain the continual decent that is seen in the flatlining graph of the Dow I presented earlier this week even during a time when the government appears to have pulled out all stops to keep the economy afloat through the election year.)

 

  • "Caterpillar Posts Lower Earnings, Cuts 2016 Outlook" Cat has been in relentless decline for the last three years because heavy industry all over the world (including in the US) is in decline, so companies are not buying heavy equipment.
  • "Twitter Said to Plan Hundreds More Job Cuts as Soon as This Week" Twitter is symptomatic of a decline throughout high-tech. The euphoric ride up for unprofitable companies came to an end more than a year ago, just as happened when the euphoric dot-com boom went bust. Even Apple, which carried the Tech sector on its back for years, reported its first annual decline in sales since 2001 due to a 17% drop in China, and China was the market that was maintaining some demand for the rest of the world.
  • "Italian Bank to Cut 2,600 Jobs, Close Branches in Rescue Overhaul" Italy's oldest bank and Germany's oldest and largest bank continue to teeter on the edge of bankruptcy. These are some of the oldest banks in the world — banks that survived the Great Depression — but their days are clearly numbered. "The bank published the plan Tuesday as it posted a 1.15 billion-euro ($1.3 billion) loss for the three months through September."
  • "Ford to Idle Four Factories as Slowing Sales Bloat Inventory" The press was crowing in their mind-numbing way about how well American auto manufacturers were doing all of last year and at the start of this year. I said it wasn't so — that US automakers would find themselves in a bad situation this year because because they're now counting leases as sales and would soon be getting back millions of used cars and because they repeated all their past financial gimmicks: absurdly slack credit terms on their internal auto loans looked just like what auto manufacturers were doing before the economic crisis of 2007-8 … when I also said automakers would be going down within a year. Those slack loan terms, coupled with an increase in defaulting loans, made me say last year, "What's your end game for next year once you have pulled sales from that year into the present with these easy-to-walk-away-from terms?" Well, we're there … again! Its even falling apart in the area of Ford's greatest strength — its truck and SUV plants. Mustang sales, too, dropped 32% at the start of this auto year (September).
  • "Harley-Davidson Plans to Cut Jobs as US Sales Fall 7 Percent" Things are not looking any better for the nation's oldest continuously operating motorcycle manufacturer either. "The motorcycle manufacturer cited continued slowed U.S. motorcycle industry growth as the main factor for weaker retail sales."
  • "RED ALERT: Get ready for a 'severe fall' in the stock market, HSBC says" A technical analyst for one of the world's largest banks now warns that the current stock market pattern looks eerily similar to the pattern that immediately preceded the crash in 1987.
  • "Bank of America has a recession warning that's downright 'scary'" BofA joins HSBC to say it sees a chilling trend: "We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand." Yet demand is beyond evasive. "There are a lot of itchy trigger fingers. There's lot of violent trades that can really roil a fairly complacent environment."
  • "China facing full-blown banking crisis, world's top financial watchdog warns" "The Bank for International Settlements warned in its quarterly report that China's 'credit to GDP gap' has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the … the US subprime bubble before the Lehman crisis. Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring."
  • "Biggest market crash in HISTORY is coming as HUGE debt bubble bursts, top investor warns" Michael Pento, a bond fund manager who has written for The Huffington Post, Bloomberg, Peak Prosperity, USA Watchdog, and who has often appeared on CNBC says we are now living in "the most dangerous [time] I have ever witnessed in my entire life – and I've been investing for over 25 years. The membrane has been stretched so wide and so tight that its about to burst."
  • "Why the Stock Market Could Be Headed for a 1987-like Crash" Chris Matthews writes in Fortune that "we're in the middle of the longest earnings recession since 2008…. What's worse, estimates show that they will decline for a sixth straight quarter…. But Jim Bianco, president of Bianco Research argues that even this forecast might be overly optimistic…. Big picture, all the lines are headed down."

 

That is far from a list of all that is currently going wrong with the US economy. It's simply the headlines that caught my eye in the last week or two. The economy is dying to where the establishment can barely even keep the stock market alive at a time when it would be devastating for them to have it crash. Nothing has the power to save us from this fate, not even the braggadocios Trump.

If Hillary wins, all hell will break loose. It's a rage that needs to happen, and it will be next to impossible to deny where the blame lies (I think, although the grip of economic denial has been indefatigable so far). Not saying I wish a Hillary victory on the nation or the world; just trying to be an optimist by pointing out the silver lining on the clouds.

Clarity and breaking out of economic denial so that we get a real grasp of what we need to do are more important for the nation than anyone's poorly conceived economic recovery plan at this point. Until the nation gets real about what its problems are, its not going to find any real answers to them. That has to start with the majority of people coming to grips with the fact that the establishment doesn't have any answers at all. It's not even looking for an answer.

Negative Divergence in Gold Stocks Bodes for Lower Prices

Posted: 28 Oct 2016 07:02 PM PDT

You have heard it before from us and probably elsewhere. The miners lead Gold. We have seen this every major turn dating back 16 years and it can also be the case with respect to short and medium term trends. While the precious metals sector has rallied over the past few weeks, the rally has been weak and the gold stocks relative weakness in recent days bodes negatively for the sector.

WIKILEAKS DUMP! URGENT: Hillary Clinton’s Best Friend Just Sold Her Out! The Doctors were Right…

Posted: 28 Oct 2016 06:00 PM PDT

WIKILEAKS DUMP! URGENT: Hillary Clinton's Best Friend Just Sold Her Out! The Doctors were Right… The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many...

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FBI Source To Ed Henry: New Emails Discovered During Weiner Sexting Investigation - Clinton Scandals

Posted: 28 Oct 2016 05:30 PM PDT

 FBI Source To Ed Henry: New Emails Discovered During Antony Weiner Sexting Investigation - Clinton Scandals - Cavuto The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Fmr. FBI agent on Clinton email case: This is a bomb drop by Comey

Posted: 28 Oct 2016 05:00 PM PDT

Former FBI agent Chad Jenkins on the FBI's latest investigation into Hillary Clinton's emails. 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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A Myth Concerning Gold Confiscation

Posted: 28 Oct 2016 05:00 PM PDT

Silver Analyst

The Election Topic Nobody’s Discussing

Posted: 28 Oct 2016 04:31 PM PDT

This post The Election Topic Nobody's Discussing appeared first on Daily Reckoning.

We tackle today's reckoning with unsteady nerves. And a trembling pen…

Our topic is… er (shifting in our seat, perspiration glazing our forehead, eyes like pinballs)… marijuana…

Wacky tobacky. Weed. Grass. Ganja.

We discuss drugs as Hillary discusses email… or her husband — uneasily. But as you'll see below, marijuana is becoming an issue again. And a lot of people are poised to make a lot of green because of it (Hint: Circle Nov. 8 on your calendar).

They say to follow the money if it's answers you seek. Our fearless leader Addison Wiggin followed the money back in 2012 when he wrote "Winners and Losers in the War on Weed." He predicted they'd keep weed illegal. Too much money made keeping it in cuffs:

The entire history of pot prohibition is one of special interests jealously guarding their nests… Today, the biggest agitators against legal pot include private prison operators, alcohol companies and Big Pharma.

Prison contractors don't want reduced demand for their facilities. Alcohol companies don't want the competition. Big Pharma doesn't want pain-sufferers lighting up when Advil or oxycodone will do just fine, thank you.

But weed, or its kissing cousin hemp (they come from the same plant), has a long, upstanding record as a productive citizen…

Hemp produced 90% of ship sails and rope for thousands of years. In fact, the word "canvas" goes back to the Latin root for "cannabis," if Webster's New World Dictionary is to be believed.

And Hemp Technologies informs us that "until 1883, more than three-quarters of the world’s paper was made from hemp." George Washington, apparently, grew hemp. The U.S. Department of Agriculture even declared in 1916 that paper from hemp was "favorable in comparison with those made with wood pulp."

Henry Ford actually used hemp in production of a car. Popular Mechanics said it was 10 times stronger than steel, at two-thirds the weight. Hmmm.

So here's where we pick up the money trail…

In the 1930s, newspaper giant and "yellow" journalist William Randolph Hearst was heavily invested in timberland to supply wood pulp for the newspaper industry. Like any good titan, he was out to squash the competition.

That's why many believe Hearst created a bogeyman of the cannabis plant, denouncing it as a hell-sent narcotic, the blame for every species of crime and calamity. Addison again:

At the height of "reefer madness" in the 1930s, William Randolph Hearst used his newspapers to link weed to violent crime. As it happened, Hearst owned a lot of timber acreage and paper manufacturing plants — an empire threatened by emerging technology to manufacture paper from hemp.

Wikipedia confirms it:

Newspaper mogul William Randolph Hearst’s empire of newspapers used the ” yellow journalism ” pioneered by Hearst to demonize the cannabis plant and spread a public perception that there were connections between cannabis and violent crime. Several scholars argue that the goal was to destroy the hemp industry.

In on the shenanigans was tycoon and Treasury Secretary Andrew Mellon, if whispers are to be credited. Mellon Bank was the main financial support behind DuPont. And DuPont was developing nylon — a hemp alternative. Wikipedia:

Mellon was secretary of the Treasury, as well as the wealthiest man in America, and had invested heavily in nylon, DuPont’s new synthetic fiber. He considered nylon’s success to depend on it replacing the traditional resource, hemp.

Long story short, many think they rammed the Marihuana Tax Act through Congress in 1937 to destroy the hemp industry.

The legislation, in Wikipedia's words, "effectively made possession or transfer of marihuana illegal throughout the United States under federal law, excluding medical and industrial uses, through imposition of an excise tax on all sales of hemp."

Marijuana's infested the law books ever since. The Controlled Substances Act of 1970 even went beyond the 1937 act. It said marijuana has “no accepted medical use.” And marijuana's been a major casualty of the "war on drugs."

But these days, the winds of change are gusting. And they're scented with the smell of weed…

Just this month, a Gallup poll showed 60% of American adults support marijuana legalization. Prison contractors, alcohol companies and Big Pharma can go hang.

Marijuana's still illegal under federal law. But 25 states allow some degree of medical marijuana use. It's legal for both medical and recreational use in Colorado, Washington, Alaska and Oregon. D.C. has legalized personal use.

And come Nov. 8, five states — California, Nevada, Maine, Arizona and Massachusetts — will hold votes to legalize marijuana for recreational use. More will certainly follow in the years ahead.

Good for America? Bad? What say you? (dr@dailyreckoning.com)

Regardless, one thing seems certain: There's gold in dem dar hills.

Regards,

Brian Maher
Managing editor, The Daily Reckoning

Ed. Note: Sign up for a FREE subscription to The Daily Reckoning, and you'll receive regular insights for specific profit opportunities. By taking advantage now, you're ensuring that you'll be set up for updates and issues in the future. It's FREE.

The post The Election Topic Nobody's Discussing appeared first on Daily Reckoning.

BREAKING: HILLARY IS FINISHED! TRUMP REACTS TO FBI REOPENING SERVERGATE INVESTIGATION

Posted: 28 Oct 2016 03:00 PM PDT

The FBI just reopened their case against Hillary Clinton's crimes and Trump just reacted. 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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End Times Headline News - October 28th 2016

Posted: 28 Oct 2016 02:00 PM PDT

 An epic day for news as you will see. So much is going on its getting hard to classify everything. See for yourself and be ye ready. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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5 Financial Charts on the Move

Posted: 28 Oct 2016 01:33 PM PDT

This post 5 Financial Charts on the Move appeared first on Daily Reckoning.

Here are your 5 financial charts to cap off the week (plus two bonus charts to cap it all off).

Let's get the graphs rolling out…

GDP – A Grossly Defective Product (Real Investment Advice)

Economic Output Composite

Sourced: Real Investment Advice via Lance Roberts

While major media outlets are discussing GDP growth numbers for the third quarter, the real story is our flawed measurement systems. To measure actual economic activity in the domestic economy and US economic direction the chart above offers a real composite. It includes small business and manufacturing that is often overlooked in GDP surveys.

Lance Roberts notes in reference to the graph above, "despite the recent bounce in some of the economic data, it is important to note the entire complex of indicators still operate at levels more normally associated with weak economic environments versus expansionary ones." The translation to that is simple – we are still in a very weak economy and in a fragile state. The financial chart above gives clear visual of that.

To read the full Real Investment Advice article click here.

Decline in Consumer Confidence Included U.S. Swing States (Bloomberg)election indigestion

Sourced: Conference Board via Bloomberg

It seems we have all had enough of this presidential election cycle. Turns out, the American consumer has too.  Bloomberg recently put out Conference Board's consumer confidence index that measured key swing states for 2016.  These states have been the primary target of stump speech rhetoric and seemingly endless commercials.

Reporter Vince Golle noted that, "overall consumer confidence fell to a three-month low of 98.6 in October from 103.5 a month earlier."

To read the full Bloomberg article click here.

Financial Factors Vary By Age

(Wall Street Journal)generational stocks investments

Sourced: BlackRock Global Investor Pulse via Wall Street Journal

Charlie Wells at the WSJ notes that "Every new stage of life brings new financial strategies we need to follow. And at every stage we find new ways not to follow those strategies, costing ourselves money and jeopardizing our security."

The chart above shows the generational disconnect of how each group approaches investment and savings. Then again, if you have a millennial relative within your periphery – this story is probably all too evident.

To read the full WSJ article click here.

Next Leg In the Rally? Extreme Positioning in Gold, Silver, and 10-Year Bonds Has Moderated (Gavekal Capital)

Eric Bush shows why gold is set for the next step in a market rally in the financial charts below.government bonds and gold pricesFrom the chart above Bush concludes that "since the summer of 2015 the long gold, long 10-year US treasury trade bonds has basically been one in the same (silver and treasury bonds have moved in tandem as well)."gold position gold priceSourced: Gavekal Capital

Bush also notes that although gold had a strong showing after Brexit, the gold market has since calmed. As can be seen in the graph above regarding gold futures, "commercial traders have now backed off their extreme positions which could mean that the next step in the rally in gold, silver, and bond prices could be underway shortly."

To read the full Gavekal Capital article click here.

The Best House in a Bad Neighborhood (Economy and Markets Daily)money velocity

Source: Dent Research via Hoisington Investment Management

The term "money velocity" can be lumped into the Fed speak index of gargle words. But what it really boils down to the rate at which money is used to buy goods and services in a domestic market.  According to this aggregate of data found above, the rate at which China has fallen amongst the other major players should be concerning.  As Harry Dent clearly spells it out, "China's money velocity is even lower than Japan's most dismal "coma economy" that is surviving solely on endless QE as they age and see exponential growth in debt levels… Do you get this? China is worse than Japan when you reflect the truth of money velocity."

To read the full article click here.

And just for fun…

Clinton Scandal Hits Mexican Peso, Again

In other news… FBI Director James Comey sent a letter to Congress stating that it was in the process of evaluating recent email leaks regarding Hillary Clinton. In the letter Comey outlined that the Bureau was beginning the process to "determine whether they contain classified information, as well as to assess their importance to our investigation."

What is more interesting is the reaction on the market. And, we are not even talking about the US. CNBC broke the story just after 2PM EST that the "Mexican peso drops 1% against US dollar after Clinton email news." As you can see by the financial chart below (indicated by the included highlight arrow) the peso had an immediate reaction to the news.

mexican peso

While the peso will likely normalize back to its regular trading, the volatile nature of market reactions to the election are worth monitoring as we get closer to November 8th.  If polling trends tighten further, scandals continue to leak and candidates whither – expect markets to have all sorts of reactionary measurements.

The rise and rise of China’s space program (World Economic Forum)

In case you are ready to just "space out" for a while and forget about all of this – here are the countries with the largest space budgets…

space budget

No surprise, the U.S remains on top – and it is not even close. For now, anyways.

Until next time, space cadets.

Regards,

Craig Wilson, @craig_wilson7
for The Daily Reckoning

Ed. Note: Sign up for a FREE subscription to The Daily Reckoning, and you'll receive regular insights for specific profit opportunities. By taking advantage now, you're ensuring that you'll be set up for updates and issues in the future. It's FREE.

The post 5 Financial Charts on the Move appeared first on Daily Reckoning.

BREAKING WIKILEAKS SHOCK: Look who had Podesta's PASSWORD to his Email Account. It's NOT Russia!

Posted: 28 Oct 2016 12:00 PM PDT

 Proof UKRAINE hacked Podesta Email Account?- BREAKING WIKILEAKS SHOCK: Look who had Podesta's Password to his Email Account, and it's NOT Russia!~~ The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy

Posted: 28 Oct 2016 11:45 AM PDT

1:45p CT Friday, October 28, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek interviewed GATA Chairman Bill Murphy yesterday, discussing what seems to be the U.S. government's lockdown on gold prices prior to the presidential election, the dubiousness of the Federal Reserve's plan to raise interest rates, and the possibility of "black swan" events. The interview is nine minutes long and can be heard at GoldSeek here:

http://radio.goldseek.com/nuggets.php

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...


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:

http://www.gata.org

To contribute to GATA, please visit:

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

North Korea Threatens To Turn U.S., South Korea Into 'Heap Of Ashes'

Posted: 28 Oct 2016 11:30 AM PDT

North Korea warned Monday that it would launch a preemptive nuclear attack against the U.S. and South Korea if they showed the "slightest sign of aggression" toward Pyongyang while conducting their annual military drills. The Financial Armageddon Economic Collapse Blog tracks trends...

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Hathaway's Tocqueville gold letter gets pretty frank about market rigging

Posted: 28 Oct 2016 11:04 AM PDT

1:05p CT Friday, October 28, 2016

Dear Friend of GATA and Gold:

John Hathaway's October gold strategy letter for the Tocqueville funds gets pretty frank about manipulation of the gold market by governments and central banks, quoting Zero Hedge and market analyst and financial letter writer Michael Belkin:

"The correction of the past few days coincided with an absence of Chinese buyers due to the 'Golden Week' holiday there. 'With China (by far the largest buyer of physical gold) closed, the markets were open for rampant manipulation, which is exactly what happened as several billion dollars in paper assets were dumped.' (Zero Hedge, October 9, 2016.) As noted in the October 10 Belkin Report, 'Who sells $22 billion of gold for maximum market impact over a very short period? The global monetary cabal (central banks, Bank for International Settlements) have a long history of suppressing gold prices because a rising gold price discredits their legitimacy.'"

Hathaway's letter is posted at the Tocqueville internet site here:

http://tocqueville.com/insights/gold-strategy-investor-letter-3Q16

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...


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:

http://www.gata.org

To contribute to GATA, please visit:

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

Anonymous "ALERT" A Message To All Republicans & The American People

Posted: 28 Oct 2016 10:30 AM PDT

 Anonymous "ALERT" A Message To All Republicans & The American People.We 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...

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Gold Stocks’ Winter Rally

Posted: 28 Oct 2016 10:01 AM PDT

Zealllc

Gold Stocks Winter Rally

Posted: 28 Oct 2016 09:47 AM PDT

The gold miners’ stocks have certainly had a wild ride this year.  After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet.  This coincided with gold stocks’ major seasonal low in October.  That heralds their strongest seasonal rally of the year heading into and through winter, a very bullish omen for coming months. Gold-stock performance is highly seasonal, which certainly sounds odd.  The gold miners produce and sell their metal at relatively-constant rates year-round, so the temporal journey through calendar months should be irrelevant.  Based on these miners’ revenues, there’s no reason investors should favor them more at certain times of the year than others.  Yet history proves that’s exactly what happens in this sector.

Warning: "Did CERN Cause The Italy Quakes"?

Posted: 28 Oct 2016 09:30 AM PDT

Warning: "Did CERN Cause The Italy Quakes"? 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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WikiLeaks Email Reveals Contact With Extraterrestrial Life - Jim Marrs - Just Energy Radio

Posted: 28 Oct 2016 09:00 AM PDT

 Recent dump of WikiLeaks emails of Mr. Podesta's hacked account sheds new light on how deeply interested he is in extraterrestrial conspiracy theories. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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There will never be a sound currency system

Posted: 28 Oct 2016 08:37 AM PDT

There will never be a sound currency system
By Egon von Greyerz

As the gold market takes a break in its journey to much higher levels, it is good to step back a bit and understand why gold has appreciated so dramatically in the last 100 years and why this will continue for many years to come.

Most people have … Read the rest

Jim Rickards: Trump “Will Probably Win” and Gold “May Rise $100” Overnight

Posted: 28 Oct 2016 07:47 AM PDT

The US election is just two weeks away on November 8th, and one of Hillary Clinton’s most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled ‘The Road to Ruin – The Global Elites’ Secret Plan for the Next Financial Crisis’ and gave an interesting television interview to ‘The Business’ on ABC Australia. Rickards says that Trump “will probably win” and, if he does, stock markets will crash 10% and gold will rise $100 over night.

How Could Shift in Monetary Regime Affect the Gold Market?

Posted: 28 Oct 2016 03:17 AM PDT

Some economists, including San Francisco Fed President John Williams, have recently suggested raising the FOMC’s 2-percent inflation objective or implementing monetary policy through alternative frameworks, such as price-level or nominal GDP targeting. It is not a mere academic debate, as the Bank of Japan increased its inflation target in a sense, as it committed “itself to expanding the monetary base until the year-on-year rate of increase in the observed consumer price index (CPI) exceeds the price stability target of two percent and stays above the target in a stable manner”. What are these frameworks and how could they, if implemented in the U.S., affect the gold market?

How Big Is Your Gold and Silver Picture?

Posted: 28 Oct 2016 03:04 AM PDT

Whether you surf the Internet for information about the precious metals and mining stocks or receive newsletters by snail mail, you're exposed to predictions by all and sundry: How high will prices go? How long will it take? Will they remain elevated if/when they reach record nominal and/or inflation-adjusted highs?

Gold and Silver Connecting the Dots

Posted: 28 Oct 2016 02:56 AM PDT

The USD Index confirmed the breakout above March highs, silver outperformed temporarily, miners underperformed and... Despite this bearish combination, precious metals didn't decline. Why wasn't that the case? Will they still slide or will they rally from here? Let's take a closer look at the charts and find out (charts courtesy of http://stockcharts.com).

Breaking News And Best Of The Web

Posted: 28 Oct 2016 02:37 AM PDT

US GDP up strongly. Deluge of earnings this week, with Apple starting things on a down note, Google and the big banks doing better than expected and Amazon disappointing. The dollar is rising and so is inflation. Major cyber attack hits US east coast. Clinton way up in polls after final debate.   Best Of […]

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Gold: Too Bad There Must Be A Winner

Posted: 27 Oct 2016 07:32 PM PDT

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