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Monday, November 21, 2016

Gold World News Flash

Gold World News Flash

Wolfgang Schäuble Resorts To Threats And Extortion Over Brexit

Posted: 21 Nov 2016 01:00 AM PST

Submitted by Michael Shedlock via MishTalk.com,

German finance minister Wolfgang Schäuble warns the UK faces stiff rules on tax breaks and prolonged EU payments.

Such threats are nothing more than an extortion attempt by the EU on the UK.

Schäuble’s threats are laughable because they are unenforceable, yet extremely serious because of likely end results.

 

schauble-extortion

Please consider yet another foolish EU threat: Wolfgang Schäuble Sets Out Tough Line on Brexit.

Germany’s finance minister has set out a tough line on EU divorce talks with Britain on issues from tax breaks to exit costs, dashing Downing Street hopes Berlin would soften Europe’s stance on a UK departure from the bloc.

 

Theresa May’s government has been looking to Germany, a net exporter to the UK, to temper French demands that Britain “pay a price” for its decision to leave.

 

But Wolfgang Schäuble told the Financial Times that, even after Brexit, the UK would be bound by tax rules that would restrict it from granting incentives to keep investors in the country — and would also face EU budget bills for more than a decade.

 

“Until the UK’s exit is complete, Britain will certainly have to fulfil its commitments,” he said. “Possibly there will be some commitments that last beyond the exit … even, in part, to 2030 … Also we cannot grant any generous rebates.”

 

In addition to demands for long-term financial payments, Mr Schäuble insisted Britain must stick to international rules on investment incentives, a clear signal Berlin would closely watch commitment like those Mrs May made to carmaker Nissan, which recently won government assurances before it agreed to build new models in the UK

 

“These rules apply to all whether EU members or not,” he said.

 

Mr Schäuble noted that Group of 20 agreements commit members to limiting tax avoidance — an initiative, led by Germany and the UK, that would reduce Britain’s ability to grant breaks to companies, even after leaving the bloc.

Amazing Arrogance

The UK is out of the EU as soon as it says so, not as soon as the EU lets the UK go.

The clear answer to the UK’s non-dilemma over group of 20 agreements is to renounce them immediately.

“There is no à la carte menu. There is only the whole menu or none,” said Schäuble, arguing that British restrictions on EU immigration would end financial services companies’ free access to EU markets under so-called passporting rules.

“The UK is still a member of the EU and it is a country which has always upheld the valid regulations, valid laws and valid treaties,” added Schäuble.

Well la-de-friggin-da.

Schäuble acts like a spoiled brat who thinks he has all the marbles, when there is a far bigger pile elsewhere.

The UK does not need 27 nations to agree the UK can leave. Moreover, it is increasingly obvious to anyone watching that the EU is totally dysfunctional and will never agree on much of anything.

The UK can kiss off the EU anytime it wants. I suggest prime minister Theresa May fire off a warning salvo immediately, renouncing Group of 20 Agreements.

EU buffoonery is completely out of hand.

In related news, please consider EU the Toothless Tiger, Totally Dysfunctional Until it Disintegrates Into Oblivion.

Other Related Articles

These EU fools are playing with a Smoot-Hawley style global deflationary collapse.

Beppe Grillo: "The Amateurs Are Conquering The World Because The 'Experts' Destroyed It"

Posted: 20 Nov 2016 11:58 PM PST

Despite Italian Prime Minister Mateo Renzi's solemn denials that he will resign when, not if, the Italian constitutional referendum fails on December 4, it is now obvious that the Italian government is on the verge of collapse. And in yet another U-turn Renzi admitted as much himself, when according to La Repubblica, he told his entourage this weekend that the government would fall if he loses Dec. 4 constitutional referendum. "It's very simple: if I lose the referendum this government falls. At that point we'll see who is capable of reaching an agreement for another administration," Renzi was quoted as saying

Well, one person who may or may not be capable, but is certainly waiting for his opportunity is Beppe Grillo, leader of Italy's Five Star Movement, who has launched an assault against the government in Rome. The battle, which he says he will soon win, is taking place in Brussels, the city where he marched against Chinese steel dumping and in favour of the European steel industry.

While Grillo made the daily front pages in 2013, when his M5S, Five Star movement won the second most popular votes for the Italian Chamber of Debputies (but obtained just 109 deputies out of 630 due to an electoral system which favoured parties running in coalition), he has since faded from the spotlight. So, with just two weeks until Grillo is back with a bang, here is a fascinating interview with Grillo courtesy of Euronews, which serves as an opportunity for readers to get reacquainted with his ideology, especially now in the aftermth of Brexit and Trump, when many of his policy points have been validated by the voting public.

Perhaps the most notable point brouth up by Grillo is his answer whether he would govern Italy if given the opportunity, after the failure of Renzi. This is what he said:

We want to govern, but we don't want to simply change the power by replacing it with our own. We want a change within civilisation, a change of world vision. We're talking about dematerialised industry, an end to working for money, the start of working for other payment, a universal citizens revenue. If our society is founded on work, what will happen if work disappears? What will we do with millions of people in flux? We have to organise and manage all that.

 

From our side, we want to give the tools to the citizens. We have an operating system called Rousseau, to which every Italian citizen can subscribe for free. There they can vote in regional and local elections and check what their local MPs are proposing. Absolutely any citizen can even suggest laws in their own name. This is something never before directly seen in democracy and neither Tsipras nor Podemos have done it.

If that is Grillo's checklist of conditions he needs to take charge, he may find more appropriate career choices elsewhere, unless of course he merely wants to be constantly "in the running", without actually ever winning.

Whatever the reason, we agree with the next point he makes, namely the overthrow of "experts" by amateurs.

euronews: "Do you think appealing to people's emotions is enough to get elected? Is that a political project?"

 

Beppe Grillo: "This information never ceases to make the rounds: you don't have a political project, you're not capable, you're imbeciles, amateurs… And yet, the amateurs are the ones conquering the world and I'm rejoicing in it because the professionals are the ones who have reduced the world to this state. Hillary Clinton, Obama and all the rest have destroyed democracy and their international policies. If that's the case, it signifies that the experts, economists and intellectuals have completely misunderstood everything, especially if the situation is the way it is. If the EU is what we have today, it means the European dream has evaporated. Brexit and Trump are signs of a huge change. If we manage to understand that, we'll also get to face it."

Bingo, or as Nassim Taleb put its, the "Intellectual-Yet-Idiot" class. It is the elimination of these so-called "experts", most of whom have PhDs or other letters next to their name to cover their insecurity, and who drown every possible medium with their endless, hollow, and constantly wrong chatter, desperate to create a self-congratulatory echo chamber in which their errors are diluted with the errors of their "expert" peers, that will be the biggest challenge for the world as it seeks to break away from the legacy of a fake "expert class" which has brought the entire world to its knees, and has unleashed the biggest political tsunami in modern history.

One thing is certain: the "experts" won't go quietly as the "amateurs" try to retake what is rightfully theirs.

Full must see interview below:

* * *

And here are the translated and transcribed key excerpts.

Gardenia Trezzini, euronews
"Beppe Grillo, our meeting takes place at a time that, without undue exaggeration, can be labelled 'historic'. That's to say, the election of Donald Trump to the presidency of the United States. What's your take on that?"

Beppe Grillo, Leader of the Five Star Movement
"It's an extraordinary turning point. This corn cob – we can also call Trump that in a nice way – doesn't have particularly outstanding qualities. He was such a target for the media, with such terrifying accusations of sexism and racism, as well as being harassed by the establishment – such as the New York Times – but, in the end, he won.

"That is a symbol of the tragedy and the apocalypse of traditional information. The television and newspapers are always late and they relay old information. They no longer anticipate anything and they're only just understanding that idiots, the disadvantaged, those who are marginalised – and there are millions of them – use alternative media, such as the Internet, which passes under the radar of television, a medium people no longer use.

"With Trump, exactly the same thing has happened as with my Five Star Movement, which was born of the Internet: the media were taken aback and asked us where we were before. We gathered millions of people in public squares and they marvelled. We became the biggest movement in Italy and journalists and philosophers continued to say that we were benefitting from people's dissatisfaction. We'll get into government and they'll ask themselves how we did it."

euronews
"There is a gap between giving populist speeches and governing a nation."

Beppe Grillo
"We want to govern, but we don't want to simply change the power by replacing it with our own. We want a change within civilisation, a change of world vision.

"We're talking about dematerialised industry, an end to working for money, the start of working for other payment, a universal citizens revenue. If our society is founded on work, what will happen if work disappears? What will we do with millions of people in flux? We have to organise and manage all that."

euronews
"Do you think appealing to people's emotions is enough to get elected? Is that a political project?"

Beppe Grillo
"This information never ceases to make the rounds: you don't have a political project, you're not capable, you're imbeciles, amateurs…

"And yet, the amateurs are the ones conquering the world and I'm rejoicing in it because the professionals are the ones who have reduced the world to this state. Hillary Clinton, Obama and all the rest have destroyed democracy and their international policies.

"If that's the case, it signifies that the experts, economists and intellectuals have completely misunderstood everything, especially if the situation is the way it is. If the EU is what we have today, it means the European dream has evaporated. Brexit and Trump are signs of a huge change. If we manage to understand that, we'll also get to face it."

euronews
"Until now, these anti-establishment movements have come face-to-face with their own limits: as soon as they come to power they seem to lose their capabilities and reason for being. Alexis Tsipras, in Greece, for example…"

Beppe Grillo
"Yes, I agree."

euronews
"Let's take the example of Podemos in Spain. They came within reach of power, then had to backtrack. Why?"

Beppe Grillo
"Because there's an outdated way of thinking. Because they think power is managed by forming coalitions or by making agreements with others.

"From our side, we want to give the tools to the citizens. We have an operating system called Rousseau, to which every Italian citizen can subscribe for free. There they can vote in regional and local elections and check what their local MPs are proposing. Absolutely any citizen can even suggest laws in their own name.

"This is something never before directly seen in democracy and neither Tsipras nor Podemos have done it."

euronews
"You said that you're not interested in breaking up the European Union, but rather in profoundly changing it. What can a small group of MEPs do to put into motion such great change?"

Beppe Grillo
"The little group of MEPs is making its voice heard, but there are complications… In parliament, there are lobby groups and commissions. Parliament decides, but at the same time doesn't decide.

"We do what we can, in line with our vision of a world based on a circular economy. We put forward the idea of a circular economy as the energy of the future and the proposal has been adopted by the European parliament."

euronews

"One hot topic at the Commission at the moment is the problem of the conflicts of interest concerning certain politicians.

"President Juncker suggested modifying the code of ethics and lengthening the period of abstinence from any private work for former Commission members to three years. Is that enough?"

Beppe Grillo

"I have serious doubts about a potential change in the code of ethics being made by a former minister of a tax haven."

euronews
"You don't think the Commission is legitimate?"

Beppe Grillo
"Absolutely not. Particularly because it's a Commission that no one has actually elected. That's what brought us closer to Nigel Farage: a democracy coming from the people."

euronews
"You don't regret being allied with Farage?"

Beppe Grillo
"It was an alliance of convenience, made to give us enough support to enter parliament. We've always maintained this idea of total autonomy in decision-making, but we united over the common idea of a different Europe, a mosaic of autonomies and sovereignties.

"I'm not against Europe, but I am against the single currency. Conversely, I am for the idea of a common currency. The words are important: 'common' and 'single' are two different concepts.

"In any case, the UK has demonstrated something that we in Italy couldn't even dream of: organising a clear 'yes-no' referendum."

euronews
"That is 'clear' in terms of the result and not its consequences. In reality, the population is torn. Many people's views have done u-turns."

Beppe Grillo
"Whatever happens, the responsibility returns entirely to the British. They made the decision."

euronews
"Doesn't it bother you that Italy's Prime Minister Matteo Renzi is playing the spoilsport in Europe? Criticising European institutions was your battle horse and now he is flexing his muscles in Brussels."

Beppe Grillo
"Renzi has to do that. But he's just copying me and in doing so, strengthens the original."

euronews
"Whatever it may be, his position at the head of the government can get him results."

Beppe Grillo
"Very well. If he wants to hold a referendum on the euro, he'll have our support. If he wants to leave the Fiscal Stability Treaty – the so-called Fiscal Compact – which was one of our battles, we'll be there."

euronews
"In the quarrel over the flexibility of public accounts due to the earthquake and immigration, who are you supporting?"

Beppe Grillo
"On that, I share Renzi's position. I have nothing against projects and ideas. I have preconceptions about him. For me, he is completely undeserving of confidence."

euronews
"Renzi's negotiating power will also depend on the outcome of the constitutional referendum in December. We'll see whether he sinks or swims."

Beppe Grillo
"It's already lost for him."

euronews
"If he doesn't win, will you ask for early elections?"

Beppe Grillo
"Whatever happens, we want elections because the government as it stands is not legitimate and, as a consequence, neither are we.

"From this point onwards, the government moves forward simply by approving laws based on how urgent they are. And 90 percent of laws are approved using this method. So what good will it do to reform the Senate to make the process quicker?"

euronews
"Can you see yourself at the head of the Italian government?"

Beppe Grillo
"No, no. I was never in the race. Never."

euronews
"So, Beppe Grillo is not even a candidate to become prime minister or to take on another official role, if one day the Five Star Movement was to win the elections?"

Beppe Grillo
"The time is fast approaching."

euronews
"Really? A projection?"

Beppe Grillo
"People just need to go and vote. We're sure to win."

Synthetic Gold Leasing: More Details Regarding The “Precious Metals” On Chinese Commercial Bank Balance Sheets.

Posted: 20 Nov 2016 10:43 PM PST

Bullion Star

Ronan Manly: The gold market -- where transparency means secrecy

Posted: 20 Nov 2016 07:32 PM PST

10:35p ET Sunday, November 20, 2016

Dear Friend of GATA and Gold:

Speaking at the monetary metals seminar October 19 at Bullion Star's office in Singapore, gold researcher Ronan Manly elaborated on his September 2 commentary about the secrecy of official institutions operating in the gold market, conveyed to you by GATA here:

http://www.gata.org/node/16722

Manly's presentation at the conference was titled "The Gold Market -- Where Transparency Means Secrecy" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/bullionstar/the-gold-market-where-tran...

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 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

Silver Looks Primed for Another Dive

Posted: 20 Nov 2016 06:03 PM PST

We've been using a downside target of 16.350, but if support at that Hidden Pivot fails, we'd be looking at more slippage to at least 16.165 over the near term. That's the midpoint Hidden Pivot support of the pattern shown, and as you can see, a decisive breach would put a target at 15.095 in play. Alternatively, nothing less than a rally above Thursday's 17.080 high over the next day or two will suffice to turn things around for bulls. That's not much of a rally, but considering Silver's weakness lately, it's a daunting requirement.

Is Silver Set To Surge Off Significant Support?

Posted: 20 Nov 2016 06:00 PM PST

Gold specs are deserting the precious metal...

 

And Gold ETF holdings are tumbling at their fastet rate since 2013...

 

Which just happened to coincide with Gold's $1200 lows...

But as Dana Lyons' Tumblr explains, Silver prices are testing a confluence of potential support levels.

We often get questions about our technical analysis on specific assets or securities, especially as it pertains to potential support or resistance levels on the chart. We don’t post many of those types of charts anymore but we present one today in the chart of the popular iShares Silver Trust, ticker, SLV. The impetus was partially because of the amount of attention on PM’s, but primarily due to a potential inflection point on the chart.

Everyone asks “when is XYZ going to bottom”? There is no way to ever know for sure. The best thing you can do is identify the most likely points of support in order to put the best odds of success on your side. And the best setups are always when multiple key potential support levels line up in the same vicinity. Such a setup may be present now in the chart of SLV, in our view.

So what are the potential support levels?:

  • The 61.8% Fibonacci Retracement of the November-August Rally ~15.62
  • The 500-Day Simple Moving Average ~15.64
  • The June 7 closing price (15.60) from which SLV gapped up, launching it on its final run to 19.71

As the chart shows, SLV is testing this level today. In fact, the low of the day was exactly 15.60.

image

So will this 15.60 level hold? Obviously nobody knows for sure. At least there are multiple key levels of potential support there, however. That puts decent odds of success with the silver bulls – as well as giving them a level with which to play off of. If SLV remains above there, it can bounce. If it closes below there without an immediate reversal, perhaps there is more downside to come for silver prices.

How far will SLV bounce if it holds? Obviously, we can’t know that either. There appears to be considerable potential resistance near 16.80 and just above 18.00, if the SLV does bounce. So, that would be about 7-15% of upside – without even breaking the post-summer intermediate-term downtrend. It would take a lot more strength to convince us that the post-2015 uptrend is resuming. So, even holding this level doesn’t mean it’s up, up and away again for silver.

For now, precious metals fans will have to be satisfied with, “Hi Ho Silver, A-Bounce!”

*  *  *

More from Dana Lyons, JLFMI and My401kPro.

In The News Today

Posted: 20 Nov 2016 05:25 PM PST

Jim Sinclair's Commentary Coming to your city soon. Price Of Gold In Dollars Well Over $3600 In India As Currency Crisis Threatens To Bring Their Economy To A HaltNovember 20, 2016 As news continues to come in from the nation of India following the government’s order to eliminate certain currency notes from their monetary system,... Read more »

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

The Economist The World in 2017 Cover LEAKED: Ominous Nuclear Death on Tarot Cards

Posted: 20 Nov 2016 05:00 PM PST

 That's an eerie cover to the Economist the World in 2017... Please let me know what you think in comments. Much Love! 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! ]]

People Who fear Any Government

Posted: 20 Nov 2016 04:33 PM PST

When the people fear their government, there is tyranny; when the government fears the people, there is liberty. When injustice becomes law, resistance becomes duty. -Thomas Jefferson IAMJIMCROW 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! ]]

BREAKING: TRUMP JUST POINTED TO SHERIFF CLARKE AND GAVE HIM THE SURPRISE OF HIS LIFE!

Posted: 20 Nov 2016 04:00 PM PST

 Paris Swade for Liberty Writers reports, Donald Trump is fleshing out his cabinet and the rumors have started to swirl. The newest one is about Sheriff Clarke. He is apparently being vetted to have a role in the Trump White House. 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! ]]

Moving To Canada Now That Trump Won? Here Is Your Guide As To Where To Go!

Posted: 20 Nov 2016 03:30 PM PST

 Gavin McInnes of TheRebel.media has a message for Americans threatening to move to Canada since Donald Trump is elected president. 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! ]]

Trump Prepares to Takeover Feds?

Posted: 20 Nov 2016 03:00 PM PST

 in order to change system that been around from 1913 , total mechanism need to bee recreated and people need to be qualified 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! ]]

The Real Barrier To Trump‘s Economic Policies!

Posted: 20 Nov 2016 01:58 PM PST

Mish observes that "the dollar is ahead of itself, treasury yields are ahead of themselves and they are pricing in this massive inflation here that I don't think we are going to see, at least in the short term. I think there is another deflationary scare coming up first because of a global trade bust. There are some pretty severe deflationary undercurrents occurring and a collapse in global trade is a real possibility!"

Global Economic Collapse Prediction For 2017

Posted: 20 Nov 2016 01:30 PM PST

From instability in Greece to energy technology, the stories to watch this year The world will face economic challenges on multiple fronts in 2016. As the U.S. Federal Reserve begins its monetary tightening, Europe is struggling to manage migrant and debt crises, China's financial stability is in...

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

Breaking: Clintons Lost Everything - Clinton Foundation Is Going Down!

Posted: 20 Nov 2016 12:49 PM PST

Breaking: Clintons Lost Everything - Clinton Foundation Is Going Down! 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! ]]

Bidding far more than expected, Chinese firm wins Barrick's half of big Australian mine

Posted: 20 Nov 2016 12:13 PM PST

Chinese Make a Gold Rush for Super Pit Stake

By Paul Garvey
The Australian, Sydney
Monday, November 21, 2016

Half of Australia's most famous gold mine will fall into Chinese hands after a little-known group blew Australian bidders out of the water with a $1.3 billion-plus bid for a stake in Kalgoorlie's Super Pit.

In what is shaping as another stern test for the Foreign Investment Review Board, Minjar Gold -- a subsidiary of Shanghai-listed property group Shandong Tyan Home -- will buy the 50 percent Super Pit stake owned by North American mining giant Barrick Gold.

The deal, which is expected to be announced today, is conditional on FIRB approval and will give Minjar a half share of the 800,000 ounces of gold produced from the Super Pit each year. ...

Minjar is understood to have beaten a rival bid from Australia's biggest gold producer, Newcrest Mining. A successful offer from Newcrest would have returned the Super Pit into Australian hands for the first time since 2002.

The US$1bn (A$1.36 billion) price comfortably eclipses market expectations for the sale. Analysts had predicted the Barrick stake, which was put on the market in August, would fetch up to US800 million. ...

... For the remainder of the report:

http://www.theaustralian.com.au/business/mining-energy/chinese-make-a-go...


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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/


Help keep GATA going

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

http://www.gata.org

To contribute to GATA, please visit:

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

BREAKING- What Lou Dobbs Just Said Will End George Soros! The Riots Are About To Be Finished!

Posted: 20 Nov 2016 12:00 PM PST

BREAKING- What Lou Dobbs Just Said Will End George Soros! The Riots Are About To Be Finished! 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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Gold Market Update - Probabilities

Posted: 20 Nov 2016 11:08 AM PST

Clive Maund

Donald Trump " Objectified " FULL Personality Profile with TMZ Harvey Levin - 11/18/16

Posted: 20 Nov 2016 11:00 AM PST

 November 18, 2016 - Donald Trump " Objectified " FULL Personality Profile with TMZ Harvey Levin - Fox News The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

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WHY AMERICA fears of CHINA | World War 3 (Full Documentary) 2016

Posted: 20 Nov 2016 10:30 AM PST

 World War 3 Between America and China  The USA is going down the toilet. Our system was once based on honesty. That's gone now... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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Gold Market Update - Probabilities

Posted: 20 Nov 2016 10:03 AM PST

Charts only ever indicate probabilities, not certainties. At the time of the last update, gold was setting up for another upleg within the uptrend shown on our 1-year chart below, but this was predicated upon the expected Clinton victory, so when Trump won instead, this scenario aborted. Observe how, early on election night, when the markets assumed Clinton would win, gold was up sharply, but by the end of the night it had reversed sharply on heavy turnover, and it went on to break down from the uptrend and head steeply lower towards the important support level shown, which it started to arrive at on Friday.

Speculators Are Finally Bailing Out Of Gold – And That’s A Good Thing

Posted: 20 Nov 2016 10:02 AM PST

Now the long-overdue correction seems to have arrived. Gold is down 11% from its recent high, and the speculators are bailing. Here's the Commitment of Traders (COT) report (courtesy of GoldSeek) for the week ending Tuesday the 15th showing a 17% drop in large speculator long positions. That's a huge move for a single week. And based on the price declines of the subsequent three days, it's likely that the next report will show a similar drop.

The U.S. Silver Market Experienced Two Significant Developments In August

Posted: 20 Nov 2016 10:00 AM PST

This large jump in U.S. silver imports is interesting as demand for the iShares Silver ETF was basically flat in August. Even though the SLV ETF silver inventories surged during the first half of the year, it was relatively flat in July and August. What I found also quite interesting is that the U.S. imported 55 mt of silver from Poland in August which was half of their total monthly mine supply. Poland produces about 105 mt of silver a month. Normally, Poland exports no more than 10-20 mt of silver a month to the United States.

ANONYMOUS - FEMA Camps beginning & LEAKED INFORMATION on NEW WORLD ORDER Anonymous Updates Anonymous Updates

Posted: 20 Nov 2016 10:00 AM PST

 Anonymous Updates presents to you the beginning of FEMA camps and the activation of them. Also, leaked information on the new world order. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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Gold’s 2016 Bull Market Moving Off Course

Posted: 20 Nov 2016 09:58 AM PST

While we expected additional weakness in Gold and gold stocks (weeks ago) we did not quite expect the kind of selling the sector experienced in the wake of Donald Trump's election victory. The market reacted by sending bond yields dramatically higher which resulted in stronger real interest rates, which is fundamentally negative for precious metals. This has created significant technical damage in the sector and has potentially thrown the 2016 bull off course.

ANONYMOUS - New World Order Scheme EXPOSED With JFK WARNING

Posted: 20 Nov 2016 09:00 AM PST

 Anonymous Updates presents to you the new world order scheme exposed and a strong JFK speech on his interpretation and warning. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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Italy’s Referendum Could destroy The EU

Posted: 20 Nov 2016 08:02 AM PST

Could Italy's referendum destroy the EU and cause gold and silver prices to rise? Today is Sunday 20th November 2016 and we are covering the implications of Italy's forthcoming Constitutional Referendum and ask the question could its result in the destruction of the EU?Firstly we need...

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Weekend Letter

Posted: 20 Nov 2016 08:00 AM PST

Gold closed down 1.27% this past week and is looking set for more downside. Support now, once again, sits at $1,180 and we should get there very quickly, likely Sunday evening in overseas trading action. This is usually a strong time of year for the metals so if we can get up and get going soon then it may be a tough 9 months or so.

Reg Howe: Gold is Trump's trump

Posted: 20 Nov 2016 07:53 AM PST

10:55a ET Sunday, November 20, 2016

Dear Friend of GATA and Gold:

Gold market rigging litigator Reginald H. Howe writes today that as president Donald Trump will have the opportunity to return the United States to a gold-based currency system that will restore prosperity to the country and the world. Howe outlines step by step how it could be done. His commentary is headlined "Trump's Trump: Gold" and it's posted at his internet site, the Golden Sextant, here:

http://www.goldensextant.com/Trump.html

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


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Stock Market Warning Signs, Gold Bounce Due

Posted: 20 Nov 2016 05:45 AM PST

All year, I have been looking for an important bottom in the stock market around the end of November. The 40 week cycle low is due to give us at least an 11% shellacking and we have not seen one yet. I believe November 29th to December 5th may be the dates that will give us that drop. Short term we are also due for a pullback, probably into November 21-22 of about 1 ½ to 2% off the top on Friday.  Friday posted an evening star reversal sign. Gold made an irregular bottom on Friday, with huge positive divergences. GDX did not make a new bottom, also, creating an inter market bullish divergence.  We may see a huge spike up Monday and Tuesday, in the precious metals and GDX, as the stock market falls.

Silver Sector Buying Opportunity Develops

Posted: 20 Nov 2016 12:00 AM PST

After taking a look at the ups and downs of the silver market pre- and post-election, technical analyst Clive Maund sees a major opportunity developing.

Jack Chan: This Past Week in Gold

Posted: 19 Nov 2016 12:00 AM PST

Technical analyst Jack Chan charts the latest movements in the gold and silver markets, and shows why investors can expect lower prices overall.
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