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Monday, December 12, 2016

Gold World News Flash

Gold World News Flash

The Coming Fracture Of Saudi Arabia

Posted: 12 Dec 2016 01:00 AM PST

Submitted by Wayne Madsen via Strategic-Culture.org,

The Bible’s book of Galatians, VI teaches, «as you sow, so shall you reap». And for Saudi Arabia, which has overtly and covertly supported rebellions in Libya, Syria, Iraq, Yemen, Ethiopia, Philippines, and Lebanon that have led to civil wars and inter-religious strife, the day of reckoning may soon be at hand. The present Saudi king, Salman bin Abdul Aziz, is the last of the sons of the first Saudi king, Abdul Aziz al Saud, who will ever sit on the Saudi throne. After Salman dies, Saudi leadership will pass to a new generation of Saudi royals. But not all the descendants of the first Saudi king are happy about how the future succession may turn out.

Salman named his nephew, Mohammed bin Nayef, as crown prince after firing his half-brother, Mugrin bin Abdul Aziz, as crown prince after the death of King Abdullah in 2015. For good measure, Salman also named his son, Mohammad bin Salman, who is little-known outside the kingdom, as deputy prime minister. The 30-year old Mohammad bin Salman is seen by some as the eventual crown prince after King Salman figures out some way to ease Mohammad bin Nayef, the Interior Minister and close friend of the United States, out of the position of heir apparent to the throne.

More and more power has been concentrated into Mohammad bin Salman’s hands, including control over the Defense Ministry, the Council of Economy and Development, and the Saudi government-owned Arabian-American oil company (ARAMCO). The deputy crown prince and defense minister is the architect of Saudi Arabia’s genocidal military campaign against the Houthi rebels in Yemen and continued Saudi support for jihadist guerrillas in Syria and Iraq, as well as military support for the Wahhabist royal regime in Bahrain in its bloody suppression of the Shi’a Muslim majority population. Mohammad bin Salman is also the major force in Saudi Arabia seeking a military confrontation with Iran.

There is a schism within the Saudi royal family that has created a real-life «Game of Thrones» within the kingdom. The first Saudi king had between 37 and 44 sons from a harem of 22 wives. One of these sons, 85-year old Prince Talal bin Abdul Aziz, also known as the «Red Prince» for his support for a national constitution and Western-style rule of law separated from Muslim sharia law, is suspicious about the concentration of power in the hands of Salman’s family, which comes at the expense of the other princes with a political claim inside the monarchy. Prince Talal is not alone.

Power in Saudi Arabia has generally resided with the seven sons of King Abdulaziz and Hassa bin Ahmed, which include present King Salman. These sons are commonly known as the «Sudairi Seven». They included the late King Fahd; the late Crown Princes Sultan and Nayef; the former deputy defense ministers Abdul Rahman and Turki and Interior Minister Ahmed, all removed from succession; and King Salman. In addition to the families of the other sons of the Saudi founder, the families of the «Sudairi Six», minus Salman’s family, are intensely jealous of the power being conveyed to deputy Crown Prince Mohammad bin Salman. When Salman dies, many observers of secretive Saudi royal politics expect to see a succession battle that might even result in a royal civil war.

And a civil war among competing Saudi royals can easily become one between various Saudi regions. Thus, the fracturing of Libya, Syria, Iraq, and Yemen brought about by Saudi adventurism may come back to haunt the Saudis in a major way.

The first Saudi region that can be expected to take advantage of a Saudi royal family split is the Eastern Region, which is known formally as the Eastern Province and is ruled by Saud bin Nayef, a son of the late Crown Prince Nayef from the provincial capital of Dammam. When King Abdullah died in 2015, Saud bin Nayef was passed over for Crown Prince by his younger brother, Mohammad bin Nayef. Although both brothers are nephews of King Salman, Saud may still harbor a resentment against his uncle for stripping him of the chance to become king. A full-blown Saudi civil war may begin in the Eastern Region, which is not only the center of Saudi Arabia’s oil industry with thousands of expatriate workers, but also the home to what may be either a slim majority or very significant minority of Shi’a Muslims.

The Saudi government has never wanted to conduct a religious census of the country because it might not like the results, especially in the Eastern Province. In 2009, popular Shi’a leader Nimr Baqir al-Nimr was arrested by Saudi authorities for advancing the idea that the Eastern Region should secede from Saudi Arabia. In 2015, amid an international outcry of condemnation for its action, Saudi Arabia executed al-Nimr. Expect the Eastern Region to the first to openly revolt against the Saudi government in the event the current «Game of Thrones» turns into a «War of Thrones».

The next region to revolt against the monarchy would be Asir, the southwest area that borders northern Yemen, in addition to two neighboring Saudi regions. Asir is the home to a significant minority of Zaidi Muslims. The Saudi regime has been waging a genocidal campaign against the Asir Zaidis’ cousins on the Yemeni side of the border, the Houthi rebels, who are also Zaidis.

Houthi rebels have launched several military attacks, including missile barrages, on Saudi targets in Asir, as well as the Saudi border regions of Jizan and Najran, in the hope that they might ignite a Zaidi uprising in the southern Saudi regions. There have been reports during the Yemeni civil war that Houthi forces seized, at least temporarily, a few Saudi villages in Asir, Najran, and Jizan. Open rebellions by Zaidis in Asir, Najran, and Jizan, along with a Shi’a rebellion in the Eastern region, may be too much for the Saudi armed forces to handle, especially if it is split along competing allegiances to rival princes and throne claimants.

Intervention in a Saudi civil war by the United States and NATO would be guaranteed to result in a costly outcome for the West in terms of body bags, sabotage of oil installations, and a multi-billion-dollar financial drain. The probability that Yemen would see the restoral of an independent South Yemen and a battle for control of northern Yemen between Houthis and remnants of the Saudi-backed Yemeni government would entail Western troops also engaging in a protracted civil war in another huge chunk of the Arabian Peninsula. Even the most-warlike members of the Donald Trump administration would likely not want to become mired in a major Arabian imbroglio.

Widespread conflict in Saudi Arabia might also result in the regions of Mecca and Medina becoming an independent entity with the primary responsibility of protecting the Islamic holy places and ensuring safe access for Muslim pilgrims. The Organization of Islamic Conference and other non-Wahhabi influenced Islamic organizations may become vehicles by which the two holy cities are governed as a «neutral zone» unaffected by Saudi turmoil and Wahhabist religious radicalism.

Other regions of Saudi Arabia that would likely spin off include the Northern Borders region adjacent to Iraq and Tabuk, which lies along the southern Jordanian border and the Gulf of Aqaba. Tabuk might seek some form of security protection from both Jordan and Israel to remain aloof from armed confrontation between Saudi factions. The Northern Borders region might seek a similar accommodation with Iraq.

The real battle for control of Saudi Arabia would be mostly centered in Riyadh province, for the keys to the kingdom, or what remains of it, would be found in control of the Saudi capital city of Riyadh. In any event, a Saudi civil war would be best left to the regional actors to sort things out. Any outside intervention would certainly make matters much worse and could develop into a wider regional or world war.

Buying Gold Into A Fed Hike: As Dumb As It Sounds?

Posted: 11 Dec 2016 11:06 PM PST

Sk Options Trading

Inflation-hit Venezuela to pull largest bill from circulation

Posted: 11 Dec 2016 07:00 PM PST

By Girish Gupta
Reuters
Sunday, December 11, 2016

CARACAS, Venezuela -- Mired in an economic crisis and facing the world's highest inflation, Venezuela will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said today.

The surprise move, announced by Maduro during an hours-long speech, is likely to worsen a cash crunch in Venezuela. Maduro said the 100-bolivar bill will be taken out of circulation on Wednesday and Venezuelans will have 10 days after that to exchange those notes at the central bank.

Critics slammed the move, which Maduro said was needed to combat contraband of the bills at the volatile Colombia-Venezuela border, as economically nonsensical, adding there would be no way to swap all the 100-bolivar bills in circulation in the time the president has allotted. ...

... For the remainder of the report:

http://www.reuters.com/article/us-venezuela-economy-idUSKBN140115


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BREAKING: Donald Trump Just Issued Ultimatum to China! "Do THIS or Else..."

Posted: 11 Dec 2016 07:00 PM PST

 BREAKING: Donald Trump Just Issued Ultimatum to China! Do THIS or Else... 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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Everyone Is Going To Experience The Mother Of All Events

Posted: 11 Dec 2016 06:30 PM PST

Europe Bank Crash - Euro Crisis 2016 Imminent Global Economic Collapse Trump chooses a global warming denier as head of EPA. The Washington Post says the story about fake sites is fake. China is going after fake news and will block them and fine those who publish them. Iraqi planes hit a...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Foxconn Fires 25% Of India Workers As Demonetization Destroys Sales

Posted: 11 Dec 2016 06:30 PM PST

While piecemeal anecdotes and surveys have already exposed the devastation that PM Modi's demonetization plan has had on the Indian economy, tonight we see the first hard evidence as Foxconn has asked 25% of its workforce to leave after the cash ban caused sales to collapse by 50% forcing the company to slash production by half.

Amid social unrest and loss of faith in the nation's currency, India's economy has ground to a halt with its Composite PMI crashing by a record in the last month as demonetization strikes.

And now, as The Economic Times reports, the government’s move to ban Rs 500 and Rs 1,000 notes from November 9 has had a domino effect on the mobile phone industry, where a large majority of mobile phones are bought for less than Rs 5,000 and most of the transactions happen through cash.

Consumer purchase power has been reduced dramatically – mobile phone monthly sales halved to Rs 175-200 crore post demonetisation – and sales revival is not looking up, as was perceived earlier, industry insiders said.

 

Leading local players including Intex, Lava and Karbonn are planning to lay off or bench 10-40% of their workforce, as they cut production to control inventory pile-ups in retail channels with consumers delaying cash purchases after Nov 8 demonetisation sucked out cash from the market.

 

Lava is shutting down its plant – which employs around 5000 people -for a week starting December 12, while others could soon follow, industry insiders said.

 

Foxconn – which makes devices for China’s Xiaomi, Oppo and Gionee, besides Infocus and Nokia – along with Lava, Intex, Karbonn and Micromax account for around 50% of the handsets assembled in India, say experts.

 

“The four plants in Sri City (Andhra Pradesh) are operating at 1.2 million capacity a month, down from 2.5 million that it has,” a senior industry executive aware of Foxconn’s manufacturing details said, asking not to be named. The company has put about 1,700 of its workforce on the bench, or on forced leave for two weeks during which they will get paid but the number of days would be cut from their earned leaves. Benching may continue if production – directly related to consumer demand – does not come to the 2 million a month levels by January, the person added.

Will the workers come back? Will production come back? Well as we noted previously, Modi's move has shaken faith in the foundations

A final philosophical point. Our entire monetary system depends on trust. A banknote is a piece of paper that says the RBI will give the bearer another similar piece of paper, or make an entry in an electronic ledger for that amount. The system works because everybody believes that those pieces of paper will be accepted by everybody else and therefore, money serves as an useful medium of exchange. This move has shaken that trust.

Speculation Grows Japan Will Tighten Next

Posted: 11 Dec 2016 05:47 PM PST

First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking's most aggressive easers - Kuroda's Bank of Japan - may soon have to think about tightening for the first time since 2007.

While it has yet to permeate the markets (confirmation would send the Yen soaring), the latest buzz in Japanese monetary-policy circles is that the BOJ may have to lift the 10-year government-bond target from a recently set zero, in the process tightening financial conditions even more. Indeed, as the WSJ notes, such a changed view on BOJ policy is quite a turnaround.

Just a few months back investors and economists world-wide were discussing what would be the next easing steps in the bank's 15-year fight to boost the economy and produce inflation. More certainly seems needed: Japan's economy grew more slowly than expected in the latest quarter and prices are falling.

So why switch gears now? Blame Donald Trump, stupid, whose miraculously adverse impact on the Yen has been more profound than either of Japan's recent QEs.... and that is before Trump is even inaugurated, or reveals any of the details behind his fiscal stimulus plans.

The U.S. dollar and Treasury yields have been climbing since soon after Trump was elected president on Nov. 8, triggered by expectations that his policies would boost U.S. growth, inflation and interest rates. So far, that has been good for Japan, where the weaker yen is brightening exporters' prospects, helping send Tokyo stocks to 11-month highs. A weaker yen bolsters their bottom lines by making their products cheaper overseas and inflating the value of repatriated income. As of Friday, one dollar buys ¥114.50, 9.6% more than the day before the U.S. election.

While that may be fine as far as it goes, according to various central-bank watchers who spoke to the WSJ, the BOJ's latest easing policy raises the risk of far greater, and potentially damaging, depreciation. That is because as a result of the curve "anchoring", the wider the yield spread between JGBs and foreign bonds, the greater the outflows, the more aggressive the selling of the Yen. For example, since U.S. Election Day, U.S. 10-year Treasury yields have risen to 2.426% from 1.862%, far outstripping the Japanese benchmark bond's rise to 0.056% from minus 0.064%.

As yields rise around the world—led by the U.S., whose Federal Reserve is expected to raise rates on Dec. 14—the gap between Japan and other markets widens. That draws money out of Japan as investors search for better returns, which puts further pressure on the yen.

So what happens if US TSY yields spike even higher (the 10Y was at 2.493% moments ago, the highest since June 2015)? Should 10Y yields climb to 3% or higher next year, as some economists think it could, "the BOJ may be forced to raise its yield target in response, even if it hasn't achieved its policy goal of 2% inflation."

The pressure to raise the target could be especially intense if the yen weakens to levels like ¥130 to the dollar.

While for those who believe an imploding yen is what the doctor ordered, referencing Abe's plan to goose the economy with easy money, there are notable downsides. 

Sure, a weaker yen could boost optimism and inflation expectations among Japanese companies, argues Abe adviser Etsuro Honda, making them more willing to invest and raise wages. If the result was increased upward pressure on bond yields, the "natural course of action" would be for the BOJ to raise the 10-year yield target a touch from zero, he said. Two months ago Mr. Honda was calling on the BOJ to lower its targets as an added jolt of easing.

However for Abenomics skeptics, the yen's deteriorating prospects ring alarm bells. BNP Paribas chief Japan economist Ryutaro Kono said in a recent note for clients that a fall to ¥115 to the dollar could upset consumers by raising the cost of living.

The Yen is already below that level.

When BOJ easing weakened the yen to ¥125 to the dollar from ¥110 between autumn 2014 and summer of 2015, it cast a chill over the economy as rising costs for imported food and necessities battered consumers while companies held back from raising wages.

Then there is the yield curve argument: Japanese economists say the BOJ may have to raise its bond-yield target just to give more breathing room to the country's banks, whose profits are dwindling as their longer-term lending rates fall dangerously close to what they're paying on deposits.

"It's like they're submerged under water and holding their breath," said Kazuo Momma, a former BOJ executive director who is now executive economist at Mizuho Research Institute. "If this situation becomes protracted, they could drown."

Naturally, the BOJ - just like the ECB - which are both agreeable to steepening the yield curve even more (seemingly unaware that will also crash the housing market), is allergic to any discussions of tightening. After all, if there is one thing that could crash this market, it is further hints of tightening and the yanking of billions in reserves. Then again, just like in the case of the ECB, perhaps all Kuroda needs to do is come up with a fancy-sounding economic name for its imminent tightening, one which doesn't wake up the algos. Perhaps "inverse massive QE" should do the trick...

Proof the Russians Did NOT HACK the US Election! Confirmed by Judge Andrew Napolitano.

Posted: 11 Dec 2016 05:30 PM PST

 Proof the Russians Did NOT HACK the US Election! Confirmed by Judge Andrew Napolitano. 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://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Gold and Gold Stocks Setup for Post-Fed Rally

Posted: 11 Dec 2016 03:41 PM PST

Gold and gold mining stocks have been very oversold but have struggled to rally. The sector looked to be starting a rebound until Friday's decline which pushed Gold to a new low. However, positive divergences remain in place as gold stocks and Silver remain above their recent lows. While the Federal Reserve could say something hawkish next week, the setup continues to favor a rebound in the precious metals sector rather than an immediate decline to new lows.

"Trump Takes On USA Intelligence Agencies Over Russia"

Posted: 11 Dec 2016 03:00 PM PST

Things getting intense and President Elect Trump is not in office yet  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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Donald Trump Labels CNN ‘FAKE NEWS, Ridiculous & Untrue" On Twitter !

Posted: 11 Dec 2016 02:30 PM PST

CNN spent time calling Trump a racist. Now they are being sued by a black employee for racism. Ha Ha Ha. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Gold And Gold Stocks Setup for Post-Fed Rally

Posted: 11 Dec 2016 01:36 PM PST

Gold and gold mining stocks have been very oversold but have struggled to rally. The sector looked to be starting a rebound until Friday's decline which pushed Gold to a new low. However, positive divergences remain in place as gold stocks and Silver remain above their recent lows. While the Federal Reserve could say something hawkish next week, the setup continues to favor a rebound in the precious metals sector rather than an immediate decline to new lows.

End Times Headline News - December 11th, 2016

Posted: 11 Dec 2016 01:30 PM PST

Crazy news day like always. Be ye ready! 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://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Wikileaks Posts Their Video of The Year! CNN & Hacked Hillary Emails!

Posted: 11 Dec 2016 01:00 PM PST

Wikileaks Posts Their Video of The Year! CNN & Hacked Hillary Emails! 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://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Trump is going to fire all NASA and NOAA employees

Posted: 11 Dec 2016 11:50 AM PST

Trump is going to fire all NASA and NOAA employees who have assisted the Climate Change ruse 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://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Mars, Secret Hidden By NASA

Posted: 11 Dec 2016 10:00 AM PST

for one to even suspect those towers to be real. one must investigate more closely and find out three things first. when where and how these photos emerged. from there one should find more information. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

PizzaGate : The Effort to Bury It As 'Fake News' -- Linda Stone

Posted: 11 Dec 2016 09:07 AM PST

Jeff Rense & Linda Stone - PizzaGate...The Effort to Bury It As 'Fake News' Clip from December 08, 2016 - guest Linda Stone on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Gold Investors Can Profit from This Key Contrarian Indicator

Posted: 11 Dec 2016 08:07 AM PST

Gold Stock Bull

Here’s Why The Banksters Are In Trouble

Posted: 11 Dec 2016 08:00 AM PST

If the Fed were to reverse the portion of its QE in which it injected trillions onto big bank balance sheets as well as fomented a mortgage/housing bubble, the Too Big To Fails – including Goldman Sachs – would collapse. Make no mistake, it would ultimately prove to be a good thing. However, there's also a growing groundswell of grassroot Americans who have "woken up." Perhaps the only good attribute of the last election is that it hastened the rate of enlightenment. To be sure, the number of Americans who understand the difference between Truth and Propaganda has vastly increased.

Market Outlook 2017 According To Our Proprietary Indicators

Posted: 11 Dec 2016 06:54 AM PST

It was quite a volatile year, with a mix of collapses and rallies across markets. Think of gold’s breathtaking rise, crude’s collapse, and copper’s rally. After the summer, gold started collapsing while crude and stocks rallied strongly. With this year’s volatility, it is quite challenging to define a market outlook for 2017. To get a sense of what 2017 will bring, we analyze our proprietary market barometer and our leading market indicator.

Trump, Reagan Economies at Polar Opposites

Posted: 11 Dec 2016 06:49 AM PST

Market expectations could be based on false assumption “Looking ahead, Credit Suisse argues against the view of many pundits that U.S. President-elect Donald Trump’s fiscal policies are likely to hurt gold. The market has factored in an expectation that a mix of U.S. tax cuts, deregulation and infrastructure spending will boost the economy, pushing up real interest rates and strengthening the U.S. dollar. ‘We counter that trade protectionism and anti-immigration policies are negative for growth and positive for inflation,' Credit Suisse said." – SMN News/Kitco

Avery Goodman: India's attacks on gold are just posturing and will have little effect

Posted: 11 Dec 2016 06:47 AM PST

9:47a ET Sunday, December 11, 2016

Dear Friend ofGATA and Gold:

Market analyst and securities lawyer Avery B. Goodman writes today that the Indian government's recent attacks on gold purchasing and ownership are mere posturing and will have little effect. He adds that even if India's demand for gold declines, Chinese demand will offset it. Goodman's analysis is headlined "Will India Really Have Much Impact on Gold Prices in 2017?" and it's posted at his internet site here:

http://averybgoodman.com/myblog/2016/12/11/will-india-really-have-much-i...

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


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Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow

Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:

http://www.bnn.ca/video/fabrice-taylor-discusses-k92-mining~1008356

Taylor cited the company's announcement here:

http://www.k92mining.com/2016/11/6114/


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 News And Best Of The Web

Posted: 11 Dec 2016 01:37 AM PST

US stocks hit new record, Treasury bond yields jump again. European Central Bank maintains QE, the euro plunges, euro-bond yields rise. Italian government forced to “bail in” major bank. Gold falls further; Friday’s COT report shows modestly bullish changes. The “fake news” debate intensifies.   Best Of The Web The march of the billionaires: on […]

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

If Not Now, When?

Posted: 10 Dec 2016 11:04 PM PST

A strange week for me being down while markets are ripping higher. I just didn't hit the right stocks and that's all there is too it. That will change. The metals tried to move up with silver leading but that effort failed quickly so if they can't get going during this seasonally strong time of year, when can they? With an expected interest rate rise coming Wednesday, expect some wild action across the board and doubly so in the metals.
at

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