Saturday, November 12, 2016

Gold World News Flash

Gold World News Flash


A Good Time To Be Buying Gold

Posted: 12 Nov 2016 01:08 AM PST

There's a lot going on in the world - from Trump being elected in the U.S. to turmoil in the middle east, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter skelter, Japan’s rearming, disease runs rampant and fear escalates about virus mutation, there’s shortages of fresh water with many rivers not reaching their former endpoint and of course climate change is rearing its head to destabilize natural rhythms or cycles. It’d be hard to go back in history and pick a period of time when things weren’t so combustible. Your author believes gold and silver have never been better safe-haven investments. Inflation, world events, diversification

Donald Trump To Chris Christie YOU'RE FIRED!

Posted: 11 Nov 2016 06:30 PM PST

Donald Trump To Chris Christie YOU'RE FIRED! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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

Extraordinary amount of 'paper' gold dumped today, Maguire tells KWN

Posted: 11 Nov 2016 06:11 PM PST

9:12p ET Friday, November 11, 2016

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News that an extraordinary amount of "paper gold" was dumped today, crashing the price:

http://kingworldnews.com/andrew-maguire-paper-gold-market-trades-6800-to...

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



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



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

WATCH LIVE: Soros Protesters rally in New York

Posted: 11 Nov 2016 06:00 PM PST

Protesters rally in New York following Trump victory George Soros is funding those ignorant fools. Take George Soros out now. Trump got elected to avoid WW3 and those dumb fucks are protesting! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists...

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

Silver and Gold Prices Smashed Today : Gold Price Down $42 or 3.3% Silver Price Down $1.35 or 7.2%

Posted: 11 Nov 2016 05:52 PM PST

Here's the weekly scorecard:

4-Nov-1611-Nov-16Change% Change
Silver Price, cents/oz.1,834.201,736.40-97.80-5.3
Gold Price, dollars/oz.1,303.301,223.50-79.80-6.1
Gold/silver ratio71.05670.462-0.594-0.8
Silver/gold ratio0.01410.01420.00010.8
Dow in Gold Dollars (DIG$)283.73318.4434.7112.2
Dow in gold ounces13.7315.401.6812.2
Dow in Silver ounces975.261,085.44110.1811.3
Dow Industrials17,888.2818,847.66959.385.4
S&P5002,085.182,164.4579.273.8
US dollar index96.9799.062.092.2
Platinum1,001.70941.00-60.70-6.1
Palladium624.25684.1559.909.6
11-Nov-16PriceChange% Change
Gold Price, $/oz1,223.50-42.00-3.3
Silver Price, $/oz17.36-1.35-7.2
Gold/Silver Ratio70.462-2.362-3.2
Silver/Gold Ratio0.0142-0.0011-7.2
Platinum Price941.00-38.50-3.9
Palladium Price684.15-11.80-1.7
S&P 5002,164.45-3.03-0.1
Dow18,847.6639.780.2
Dow in GOLD $s318.4411.253.7
Dow in GOLD oz15.400.543.7
Dow in SILVER oz1,085.4480.548.0
US Dollar Index98.770.240.2
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:1,224.20


GOLDFine Tr.Oz.BIDASK$/oz
American Eagle1.001,260.931,265.211,265.21
1/2 AE0.50623.83645.771,291.53
1/4 AE0.25314.97329.001,316.02
1/10 AE0.10128.44134.051,340.50
Aust. 100 corona0.981,193.961,202.961,227.26
British sovereign0.24290.34303.341,288.61
French 20 franc0.19226.27230.271,233.38
Krugerrand1.001,240.111,250.111,250.11
Maple Leaf1.001,234.201,248.201,248.20
1/2 Maple Leaf0.50703.92642.711,285.41
1/4 Maple Leaf0.25312.17327.471,309.89
1/10 Maple Leaf0.10129.77133.441,334.38
Mexican 50 peso1.211,468.521,479.521,227.10
.9999 bar1.001,228.481,236.201,236.20
SPOT SILVER:17.27


SILVERFine Tr.Oz.BIDASK$/oz
VG+ Morgan $B4 19050.7725.0027.0035.29
VG+ Peace dollar0.7720.0022.0028.76
90% silver coin bags0.7212,844.9813,130.9818.37
US 40% silver 1/2s0.304,901.435,051.4317.12
100 oz .999 bar100.001,706.501,741.5017.42
10 oz .999 bar10.00174.15179.1517.92
1 oz .999 round1.0017.0717.5717.57
Am Eagle, 200 oz Min1.0018.7720.2720.27
SPOT PLATINUM:941.00


PLATINUMFine Tr.Oz.BIDASK$/oz
Platinum Platypus1.00956.00986.00986.00



Floating on Trump's announcement he would spend gobs of government money to spark the economy, financial stocks & stocks related to building have soared while medical stocks & gun manufacturers have tanked. US dollar index rose again today & is threatening the 2015 high at 100. SILVER & GOLD PRICES were smashed today but palladium is rising.

Stock indices are gainsaying each other. Dow rose 218 yesterday, Nasdaq sank 50, & S&P500 rose only 4.22. Today the Dow rose 39.78 to 18,847.66 but the S&P500 lost 3.03 to $2,164.45. Likewise yesterday the Dow made a new all-time high close at 18,807.88 and today again at 18,847.66, both well above the 15 August 2015 18,636.05. But the S&P500 even at yesterday's 2,167.48 close stood well below its 15 August 2016 all-time high at 2,190.15. Loads of folks smarter than me and richer than me, rich enough to afford them shiny sharkskin Armani suits, think stocks are set for another bull market. Maybe, but look at this Dow chart, http://schrts.co/usNgEb The Dow has only rallied to -- the upper jaw of a broadening top/Jaws of Death.

I don't buy the government-spending-helps-the-economy argument. If government spending on "infrastructure" helps the economy (other than the folks directly building the infrastructure) why not spend on video games? Wouldn't that help the economy, too? Or why not send every Tom, Dick, & Harriet in America a check for a million bucks and make us ALL rich?

I am not so much interested in stocks as I am in stocks measured by gold & silver. Here's the Dow in gold chart, http://schrts.co/Spc87o

Clearly the DiG has broken through the downtrend line from the December 2015 high, and not by a little. Logical place for it to stop -- assuming it will stop -- is about 16 ounces of gold to buy the Dow. Or maybe, along with the Dow, it will put in a big double top.

Whether government spending raises economic activity in fact or not, if all the Wall Streeters believe it does they will run up the already-overvalued stock market even further in a self-fulfilling prophecy. Don't miss this: however much the Dow rises, gold will outperform it. Trump's government spending route to the millennium guarantees that.

Here's the Dow in silver chart, http://schrts.co/f3QFz8

'Tain't nearly as dramatic as the Dow in Gold, but still represents a breakout. I'm interested to see if it can get past 1,115oz, the June high. Anyway, my long term view for the next five years remains this: however much the Dow rises, silver will outperform it.
US dollar index rose again today to 99.06, up 28 basis points (0.28%). Here is the 6 month dollar index chart, http://schrts.co/frdNFS

On election day the dollar index fell to its 200 Day Moving Average, which roughly ran together with the rising trend line off the June low. Today it nearly reached the top of its trading channel, and lies only about 154 basis points from the March 2015 high at 100.70, noted by the heavy red line on this chart.

When interest rates change, everything is re-priced -- everything, including stocks, eventually. Dollar is attracting money right now (in spite of the implications of Trump's spending), thanks in part to rising dollar interest rates and in part to economies & markets around the globe terrorized by the uncertainty Trump's election rains on them. Can that carry the US dollar index through 100.7? Might, and if it does the dollar index might run to 120. But first, let's see what it does at 100.

Rising dollar has trashed the yen & euro. Yen now stands at 93.66 from 97.22 six days ago. Euro ended the day at $108.47, down from $1.1150 five days ago.

The collapse of bond prices and rising interest rates ought to be grabbing headlines, but they're not. Since the July all-time high at 176.06, the US 30 year treasury bond has lost 12.6%. Here's the chart, http://schrts.co/IoR0Nw (Remember that as interest rates rise, bond prices fall.)

Behold the 10 year Treasury note, down 4.8% since the July high at 133.21 to 126.76 today.

Remember, rising interest rates re-price EVERYthing, including obviously junk bonds as well. Look at this "better" junk bond ETF called JNK, http://schrts.co/7zHsrx Or how about this junk-junk bond ETF called HYG, http://schrts.co/BXEyhx Ain't no picture of health here. And the 10 year treasury yield is gunning straight for the downtrend line from 2007, http://schrts.co/vUJO4G

I say it again, not to gloat but, well, to GLOAT: the Federal Reserve does NOT control interest rates, the market does. Market is taking back the steering wheel.

Merciful heavens, about 10 a.m. sellers started hitting gold with sledgehammers and broke it. Gold lost $42.00 (3.2%) to end at $1,223.50. Silver lost 135.2¢ (7.2%) to 1736.4¢.

I have been hinting to y'all that we should expect a second low in silver & gold, but thought we saw it on election night. Was I wrong. It appears the lows will be lower than any lows we've seen since the July peak. The cycles fellow I read looks for a bottom by 18 November. (I read an expert on cycles because they remain wholly opaque to me. This fellow, however, is fairly accurate, if opaque.)

What price does that translate to? For Gold, strong support stands at $1,200. Here, look at the chart, http://schrts.co/wnnn5g

What about silver? Today it hit the bottom boundary of its trading channel, but it's possible it might fall to lateral support at 1600¢. Please go look at the chart for yourself, http://schrts.co/67vlaR

These are not predictions, just a steely eyed look at the charts. Best stand aside a few days to let this settle. Please get this clear and don't misunderstand: silver & gold bottomed in December 2015 and have renewed their bull market. Don't let this pothole send you into a tailspin. Be calm. Be patient.

Another little Susan story.

We were married seven years before Susan ever got pregnant, but when she got pregnant -- this was in 1974 -- she hopped into it will all the energy & love she brought to everything. Back then the standard medical practice was knock the mother out with drugs, deliver the (also drugged) baby, and make the husband wait in the waiting room.
Somehow Susan got hold of a copy of "Husband Coached Childbirth" about Lamaze childbearing. She suggested to me that we do that & I replied that was for people who ate nuts and berries, not me. She didn't argue, just handed me a copy of "Husband Coached Childbirth" and asked me to read it.

Grudgingly, I picked it up. It was hilarious, and 100% persuasive. I was all in.
For Lamaze, the mother must train like an Olympic athlete. We went to classes where other women who had swallowed basketballs sat on the floor with their bumfuzzled husbands learning to "coach" their wives. Coach's main job was to keep talking to calm his wife, plus make sure she was absolutely, utterly relaxed. No muscle tensed. And then there was the breathing, everything from panting (for transition) to shallow slow breat

BREAKING: Trump’s Attorney General Choice Will Have Every Corrupt Democrat In Jail!

Posted: 11 Nov 2016 05:30 PM PST

BREAKING: Trump's Attorney General Choice Will Have Every Corrupt Democrat In Jail! Choice is Rep Trey Gowdy (R- SC) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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

Stefan Molyneux Why The Left Tells Donald Trump To Pardon Obama & Clinton

Posted: 11 Nov 2016 05:00 PM PST

The 15$ per hour, 401k contributions and the benefits offered on Craig's List to protest against Trump is not helping to calm things down. These people should be prosecuted fully and George Soros should be on the top 10's most wanted. The Financial Armageddon Economic Collapse Blog tracks...

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

Will Global Elite Try To Kill Trump?

Posted: 11 Nov 2016 04:30 PM PST

The Elite see Trump as such a threat to their stranglehold on power they might try to take him out. Alex fills in the details.  The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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

Rudy Giuliani : Donald Trump And The Potential Pardon For Clinton

Posted: 11 Nov 2016 03:30 PM PST

Donald Trump And The Potential Pardon For Clinton Rudy Giuliani is an American lawyer, businessman, former politician, and public speaker from New York. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists...

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

ObamaTrade Is Dead: White House Abandons TPP As EU Halts Trade Talks After Trump Victory

Posted: 11 Nov 2016 03:25 PM PST

It appears the entire 'ObamaTrade' farce is collapsing under the weight of its secrecy and corporatocracy in the immediate aftermath of Trump's triumph. First this morning, Bloomberg reported that EU Trade Commissioner Cecilia Malmstrom said EU-U.S. negotiations on a free-trade agreement are on hold, and now WSJ reports that the Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, denting American prestige in the regions at a time when China is flexing its economic and military muscle.

Just days after Donald Trump won the election, all of Washington's major trade deals are dead or dying.


First, NAFTA

As Joe Joseph reports, both Mexico and Canada have agreed to re-negotiate the North American Free Trade Agreement (NAFTA) signed under President Clinton.

You have the Canadian Prime Minister and his Mexican counterpart that are now saying, "hey buddies… hey United States… we want to renegotiate NAFTA."

 

…Maybe, just maybe, we might actually have a little bit of justice… he hasn't even taken the oath of office yet.

Second, TTIP

Trump lashed out at market-opening initiatives such as the planned Trans-Atlantic Trade and Investment Partnership, or TTIP, during his successful campaign to succeed U.S. President Barack Obama. Trump, the Republican Party's candidate, defeated Democrat Hillary Clinton in the Nov. 8 election.

 

"With the new president-elect, we don't really know what will happen," Malmstrom told reporters on Friday in Brussels. "There is strong reason to believe that there will be a pause in TTIP, that this might not be the biggest priority for the new administration."

 

The EU and U.S. have spent three years working on an accord to expand the world's biggest economic relationship by eliminating tariffs on goods, enlarging services markets, opening public procurement and bolstering regulatory cooperation. Obama and European leaders such as German Chancellor Angela Merkel had called TTIP a policy priority.

 

Both sides have held 15 rounds of talks since 2013. The last round took place in October in New York.

 

"Whether it makes sense to have new rounds -- well probably not," Malmstrom said on Friday.

And Finally, TPP

 Just days after Donald Trump surprise victory, U.S. officials said Republican congressional leaders had made clear that they wouldn't consider the 12-nation Trans-Pacific Partnership in the remainder of Mr. Obama's term. The White House had lobbied hard for months in the hope of moving forward on the pact if the Democratic nominee, Hillary Clinton, had won.

 

The failure to pass what is by far the biggest trade agreement in more than a decade is a bitter defeat for Mr. Obama, whose belated but fervent support for freer trade divided his party and complicated the campaign of Mrs. Clinton.

 

The TPP's collapse also dents American prestige in the region at a time when China is flexing its economic and military muscle.

The 2016 election season has shown that domestic concerns about globalization, the trade deficit and stagnant wages easily beat out the appetite for international engagement. The TPP became a symbol Washington pursuing policies that disproportionately favor wealthier Americans over ordinary workers. Mr. Trump blamed the TPP on special interests trying to "rape" the country.

As we detailed previously, Trump was right on Trade Agreements.

Gold, Miners Under Trump

Posted: 11 Nov 2016 01:58 PM PST

Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world.  Equally if not more surprising was the subsequent days’ market reaction.  Stock markets, gold, and gold-mining stocks did exactly the opposite of what was universally forecast for a Trump win.  This has left contrarian traders wondering how gold and gold stocks will likely fare under Trump. Personally I’m thrilled and filled with hope for America with Donald Trump being our next president!  We desperately needed someone to overthrow Washington’s stranglehold on our lives.  In both our monthly and weekly newsletters published before Trump’s apparent upset, I took the contrarian stance explaining why Trump had far greater odds of winning than widely assumed.  The stock markets predicted a Trump win too!

BBC interview with French far-right leader Marine Le Pen sparks Twitterstorm

Posted: 11 Nov 2016 01:30 PM PST

Marine Le Pen, leader of France's far-right National Front, is to appear on the BBC's 'Andrew Marr Show', according to an announcement by the program's editor – and social media users are not happy about it. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

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

Breaking Down How Donald Trump Won The U.S. Election

Posted: 11 Nov 2016 11:30 AM PST

Secret to Trump Victory Revealed! Alex Jones breaks down why Donald Trump won the election. For some, the news of Donald Trump winning the presidency was a total surprise. So how did he win the U.S. election? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts...

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

Gold Fields, Silver Standard offer C$1.4 billion for miner Kirkland Lake, Reuters says

Posted: 11 Nov 2016 10:00 AM PST

By John Tilak and Nicole Mordant
Reuters
Friday, November 11, 2016

South Africa's Gold Fields Ltd. and Silver Standard Resources Inc. have made three joint, unsolicited bids for Canada's Kirkland Lake Gold and recently sweetened their offer to about C$1.4 billion ($1 billion), three sources familiar with the process said. The latest bid has also been rebuffed, said the sources, who requested anonymity as the issue is confidential. The names of the bidders have not been previously disclosed.

Kirkland Lake has declined to discuss the offers, the sources said. A spokeswoman for Kirkland Lake said she could not immediately comment.

The latest offer for Kirkland Lake represented a premium of more than 50 percent of its value on Thursday. Its shares, which were trading at C$7.42 just ahead of the news, jumped as much as 8 percent to hit C$8.17 before being halted on the Toronto Stock Exchange.

If Gold Fields and Silver Standard succeed in their bid, it would scupper Kirkland Lake's planned acquisition of miner Newmarket Gold for about C$1 billion in stock. ...

... For the remainder of the report:

http://www.reuters.com/article/us-kirkland-lake-m-a-idUSKBN1361PF



ADVERTISEMENT

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/



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

Lou Dobbs: America is lucky to have Trump as the future president

Posted: 11 Nov 2016 10:00 AM PST

FBN's Lou Dobbs on Donald Trump's transition into the White House. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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

Chinese soon will be able to buy North American mining shares, Neumeyer tells KWN

Posted: 11 Nov 2016 09:39 AM PST

12:40p ET Friday, November 11, 2016

Dear Friend of GATA and Gold:

First Majestic Silver CEO Keith Neumeyer tells King World News today that Chinese retail investors increasingly will be able to purchase shares of North American monetary metals mining companies, which he expects will support their prices. The interview is posted at KWN here:

http://kingworldnews.com/is-this-why-the-smash-in-gold-silver-is-happeni...

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



ADVERTISEMENT

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 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

TF Metals Report reflects on six years following the monetary metals

Posted: 11 Nov 2016 09:31 AM PST

12:34p ET Friday, November 11, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today reflects on his six years of following the monetary metals markets and provides some technical analysis, if you believe in that sort of thing. His commentary is headlined "Happy Brithday, TFMR" and it's posted here:

http://www.tfmetalsreport.com/blog/7980/happy-birthday-tfmr

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



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



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

Gold, Miners Under Trump

Posted: 11 Nov 2016 09:02 AM PST

Zealllc

Why the Stock Market Gave Trump a Big Kiss…

Posted: 11 Nov 2016 09:00 AM PST

This post Why the Stock Market Gave Trump a Big Kiss… appeared first on Daily Reckoning.

What happened to the swarm of locusts… the frogs raining down from the sky… the thunderstorms of hail and fire?

That's the "end of days" scenario we were told to expect should Trump win the presidency.

Bridgewater Associates—the world's largest hedge fund—told its clients that the Dow Jones Industrial Average would plunge 10% if Trump won the election.

That's a massive 1,800-point decline.

But the market slaughter never materialized.

So far, the stock market has given the idea of a Trump presidency a big kiss…

A False Panic

Bridgewater wasn't alone in its dire prediction based on nothing…

Citigroup warned its clients the S&P 500 would fall immediately by 3% to 5% if Trump won.

Research firm Macroeconomic Advisers forecast that a Trump win would result in an 8% drop in U.S. stocks.

And the Brookings Institution projected a 10% to 15% plunge.

But reality so far has been much different…

Yes, there was a brief overnight manipulation as the high-frequency guys abused irrational fears.

The thought of a Trump White House saw Dow futures down more than 800 points in Wednesday's pre-market trading.

But the Dow benchmark actually ended up closing higher for the day by more than 250 points. And it gained another 218 points on Thursday.

That's a more than 3% gain in two days.

Why the big swing in sentiment?

As the uncertainty of the election result diminished, I assume investors took a deep breath and contemplated what a Trump presidency might really mean to the markets.

Apparently, they liked what they saw… at least right now.

Trump's promise of lower taxes, reducing onerous regulations and boosting military and infrastructure spending might provide the economic boost they're looking for.

Or maybe none of this was the relevant why—who knows.

How to Avoid Losing Your Shirt…

Look, I'm not saying the market won't see big declines from here. It could. It also could not.

Take a look at this from Bloomberg:

"In the 22 elections going back to 1928, the S&P 500 has fallen 15 times the day after polls close, for an average loss of 1.8 percent. Stocks reversed course and moved higher over the next 12 months in nine of those instances."

How do you trade that data? Stocks can decline after an election… but sometimes they don't. And they can reverse course after those initial declines… but sometimes they don't.

This reminds me so much of the political prognosticator Nate Silver. His secret "black box" is supposedly all about using statistics to accurately predict election results.

But Silver is just like the stock market. He was up, down and all over with his Trump predictions. He got nothing right.

The point is that anyone who predicts what the market will do post-election is engaging in a guessing game at best… and lying at worst.

Sometimes they'll get things right. Other times they'll get things wrong. But that's no way to make consistent money in the markets.

That kind of behavior is all ego. And ego kills more accounts than anything.

The fact is if you had become deathly afraid of the rise of the Fourth Reich due to watching CNN 24/7 over the last six months, and if you placed a big bet on a "Trump as Hitler"-induced market crash to back your narrative, you lost your shirt. You got killed.

Honestly, you were stupid if you did that.

The much smarter option is always to ride trends regardless of whatever new event is unfolding.

The best way to trade Trump's presidency is to take your trend signals and ride trends to the end until they bend. And along the way protect your downside with stop losses in place at all times.

That's the consistent, repeatable way to make fat gains in the market.

The other stuff is a sideshow designed to take your money.

Please send your comments to me at coveluncensored@agorafinancial.com. Let me know what you think of today’s issue.

Regards,

Michael Covel
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 Why the Stock Market Gave Trump a Big Kiss… appeared first on Daily Reckoning.

Ron Paul: Neocons are Trying to Infiltrate Trump`s Administration

Posted: 11 Nov 2016 09:00 AM PST

 Ron Paul gives his opinion on new Trump administration . Will Neocons manage to Infiltrate Trump`s Administration and continue their policies ... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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

Only Winners of the US Presidential Election Are…

Posted: 11 Nov 2016 08:49 AM PST

HSBC,(https://en.wikipedia.org/wiki/HSBC), is projecting gold to rise to $1,500 an ounce, since the ‘real-estate magnate’ triumphed up from behind in the election results (http://www.bloomberg.com/news/articles/2016-11-01/buy-gold-no-matter-who-wins-the-election-hsbc-says). It is protection against everything! The U.S. Debt-to-GDP ratio is 125% and will be growing. ‘Main Street America’ has been told that these are measures required to stimulate economic activity, to prevent crises, increase employment, and soothe the financial markets.

ALERT !! SOMETHING IS GOING TO HAPPEN WORLD WIDE 2016

Posted: 11 Nov 2016 07:47 AM PST

ALERT !! SOMETHING IS GOING TO HAPPEN WORLD WIDE 2016 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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

Japanese Tales of Common Insanity and Gold

Posted: 11 Nov 2016 06:16 AM PST

Einstein allegedly once claimed that insanity is doing the same thing over and over again and expecting different results. It turns out that central bankers are really insane. Their loose, unconventional monetary policy has not worked in Japan for the last quarter-century, but it did not prevent the Bank of Japan from adopting zero interest rates targets for ten-year Japanese government bonds and from the commitment from overshooting its inflation target. But let’s leave the analysis of the central bankers’ denial of reality to psychologists and focus on the short summary of the Japanese economy in the last quarter-century. Such an analysis would outline the necessary context for the examination of the relationship between the BoJ’s actions, the USD/JPY exchange rate and gold.

Financial Markets, Gold, Stocks Full out â€┼ôRISK ON”

Posted: 11 Nov 2016 06:00 AM PST

Financial markets are becoming absolutely giddy with delight as they are now firmly looking beyond their “dark night of captivity” to the Obama administration’s growth killing regulatory scheme with all its oppressive mandates to a “new morning” of a business friendly Trump administration. Wall Street is sensing growth and investors are responding by unceremoniously trash-canning the safe haven or defensive categories of stocks.

The Silver Linings in Trump’s Win

Posted: 11 Nov 2016 03:33 AM PST

Counterpunch

Japanese Tales of Common Insanity and Gold

Posted: 11 Nov 2016 03:09 AM PST

SunshineProfits

Breaking News And Best Of The Web

Posted: 11 Nov 2016 01:37 AM PST

Longest, most brutal presidential campaign ends with decisive Trump victory. Stocks and dollar rise, bonds and gold fall. Anti-Trump protests erupt but are mostly non-violent. Political class doing some serious soul searching.   Best Of The Web Panama Papers? Try UNITED STATES Papers? – Mountain Vision 9/14    4 totally legal reasons to use an offshore structure […]

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

Gold Prices Plunge 7% as Traders Back ‘Trump Boom’

Posted: 10 Nov 2016 04:00 PM PST

Gold prices rallied off 3-week lows in Asian and London trade Friday, bottoming over 7% below Wednesday's US election results' spike at $1251 per ounce as European stock markets ended their 'Trump bump' rally and fell...

No comments:

Post a Comment