Wednesday, December 28, 2016

Gold World News Flash

Gold World News Flash


Anonymous - Message to Washington D.C.

Posted: 27 Dec 2016 11:00 PM PST

Remake of a message to Washington. The message still is as truetoday as it was then and will be as long as the public keeps waking others up.And to Washington D.C.Be AFRAIDandEXPECT US The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,...

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RED ALERT -- EUROPE WANTS TO CONFISCATE GOLD AND CASH

Posted: 27 Dec 2016 10:30 PM PST

EUROPE WANTS TO CONFISCATE GOLD AND CASH TO CRACKDOWN ON TERRORIST FINANCING Just like India has done. What is it 200 grams allowed to be kept by women and 100 grams by men all else to be confiscated. BTW that only applies to jewelry not bars or coins.And even that is at the discretion of...

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War on Cash -- Now Europe Proposes Confiscating Gold To Crackdown On Terrorists

Posted: 27 Dec 2016 10:00 PM PST

First Cash Ban, Now Europe Proposes Confiscating Gold To Crackdown On Terrorists The UMich and the Conference Board consumer confidence models surged reporting that the illusion is complete and people believe the economy is improving. Case Shiller reports that housing prices have hit all time...

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Market Trends Generated By Jubilee 2016 Will Continue Into 2017 And Beyond

Posted: 27 Dec 2016 09:48 PM PST

There were numerous trends established or maintained in 2016. In fact, the seeds planted in 2016 from Jubilee Year are bound to sprout in 2017 or 2018 with the kind of chaos and economic destruction that will give rise to further globalism. Gold, silver and bitcoin as we have regularly commented, are the assets to consider as we approach grimmer times. (A little more on repercussions at the end of this analysis.)

Obama's Last Attempts To Destroy America

Posted: 27 Dec 2016 09:30 PM PST

Pres Despicable's Last Attempts To Destroy America New Evidence Reveals Obama's Last Attempt To Destroy America , Is this Obama's last desperate chance to destroy America? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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Europe Proposes Confiscating Gold In Crackdown On "Terrorist Financing"

Posted: 27 Dec 2016 08:09 PM PST

Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization. There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.

And now, as Reuters reports, it appears last Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd, has given The European Commission just the excuse to tighten capital controls - specifically cash and precious metals - into and out of Europe.

It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015.

 

Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

 

Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.

 

People carrying more than 10,000 euros (8,413.56 pounds) in cash already have to declare this at customs when entering the EU. The new rules would allow authorities to seize money below that threshold "where there are suspicions of criminal activity," the EU executive commission said in a note.

 

EU officials said some of the recent attacks in Europe were carried out with limited funds, sometimes sent from outside the EU by criminal networks.

The Commission is also considering whether to set up an EU-focussed "terrorist finance tracking programme" along the lines of the U.S.-EU TFTP, which has long been opposed by EU lawmakers and privacy campaigners because it allows widespread checks on consumers' bank transfers.

The plan complements Commission proposals after the Paris attacks to tighten controls on virtual currencies such as bitcoin, and prepaid cards, which French authorities said were used to fund the bombings.

 

EU states backed these proposals on Tuesday. Under the deal, which still needs European Parliament approval, holders of prepaid cards would have to show some form of identity when they make payments of 150 euros or more.

But it gets better...

The Commission is also proposing common rules for the 28 EU countries on freezing "terrorists' financial resources" and on confiscating assets even from those thought to be connected to criminals.

So - cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the "terrorists" and are now open to confiscation if you are a suspicious person... which, by their rhetoric, you are if you actually hold any of these assets.

British Monarchy Exposed

Posted: 27 Dec 2016 07:00 PM PST

 The Royal Family is up to more than you think. Sex-scandals, Diana-murder, hidden history and more! Where does there money come from? Who really makes the family rules? Find out the secrets! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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Gold: A Significant Rally Begins?

Posted: 27 Dec 2016 06:06 PM PST

Graceland Update

Things That Make You Go Hmm... Like The Death Of The Petrodollar, And What Comes After

Posted: 27 Dec 2016 06:03 PM PST

Excerpted from "Get It. Got It. Good" by Grant Williams, author of "Things That Make You Go Hmm..."

The story begins in the 1970s when Henry Kissinger and Richard Nixon struck a deal with the House of Saud — a deal which gave birth to the petrodollar system.

The terms were simple The Saudis agreed to ONLY accept U.S. Dollars in return for their oil and that they would reinvest their surplus dollars into U.S. treasuries.

In return, the U.S. would provide arms and a security guarantee to the Saudis who, it has to be said, were living in a pretty rough neighbourhood. As you can see, things went swimmingly (chart below)

Saudi purchases of treasuries grew along with the oil price and everyone was happy.  (We'll come back to that blue box on the right shortly)

The inverse correlation between the dollar and crude is just about as perfect as one could expect (until recently that is... but again, we'll be back to that).

And, as you can see here, beginning when Nixon slammed the gold window shut on French fingers and picking up speed once the petrodollar system was ensconced, foreign buyers of U.S. debt grew  exponentially.

Having the world's most vital commodity exclusively priced in U.S. dollars meant everybody needed to hold large dollar reserves to pay for it and that meant a yuuuge bid for treasuries. It's good to be the king.

By 2015, as the chart on the next page shows quite clearly, there were treasuries to the value of around 6 years of total global oil supply in the hands of foreigners (if we assume a constant 97 million bpd supply which I think is a pretty reasonable estimate).

Now... with that brief background on the petrodollar system, here's where I need you to stick with me. I promise you it'll be worth the mental effort

Ready? Here we go.

Now, back in 2010, then-World Bank President Robert Zoellick caused something of a commotion when he suggested that an entirely new global monetary system maybe wasn't such a bad idea.

The system he had in mind involved a freely-convertible Yuan and, controversially was constructed around gold as its central reference point:

(Robert Zoellick, November 8, 2010): …the G20 should complement this growth recovery programme with a plan to build a co-operative monetary system that reflects emerging economic conditions. This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalisation and then an open capital account.

 

The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old  money, markets are using gold as an alternative monetary asset today.

In seemingly unrelated news, two years later, Iran began accepting Yuan in payment for its oil amid US sanctions. The transactions were conducted through Russian banks:

(Financial Times, May 2012): Iran is accepting renminbi for some of the crude oil it supplies to China…

 

…Tehran is spending the currency, which is not freely convertible, on goods and services imported from China…

 

The trade is worth as much as $20bn-$30bn annually according to industry estimates…

 

The renminbi purchases began some months ago…much of the money is transferred to Tehran through Russian banks, which take large commissions on the transactions…

 

Beijing has been trying to get its trading partners to use the renminbi, in effect transferring the exchange rate risk to its counterparties, since the price of crude is set in US dollars. It also frees Beijing of the need to hold as many dollars in its reserves.

The crucial part of this deal was that, by diversifying their purchases in this way, the Chinese had found a path towards not only needing to hold fewer U.S. dollar reserves, but to circumventing the petrodollar system altogether.

By 2013, the penny had clearly dropped at the PBoC who declared an end to the era of their accumulation of U.S. treasuries:

(Bloomberg, November 2013): The People's Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan's appreciation.

 

"It's no longer in China's favor to accumulate foreign-exchange reserves," Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will "basically" end normal intervention in the currency market and broaden the yuan's daily trading range

Yes, it was, apparently "no longer in China's interest" to accumulate foreign exchange reserves.

Sure enough, in 2014, global FX reserves began to decline at the fastest rate in 80 years as you can see from this chart:

That same year, another piece of the puzzle was laid in place when Xu Luode, the Chairman of the newly-founded Shanghai Gold Exchange, explained that gold would be priced and sold in Yuan as a step towards what he called the "internationalization of the renminbi" (for those of you confused by Yuan and Renminbi, just think of them as the Chinese equivalent of 'Pound' and 'Sterling'):

(Xu Luode, Speech to LBMA, May 2014): Foreign investors can directly use offshore yuan to trade gold on the SGE international board, which is promoting the internationalization of the renminbi…

 

Shanghai Gold will change the current gold market "consumption in the East priced in the West" situation.

 

When China will have a right to speak in the international gold market, pricing will get revealed…

 

Interestingly, Luode acknowledged what he accurately described as the "consumption in the East, priced in the West" situation and assured the world that the 'real' price of gold would become apparent once China took its rightful place at the centre of the gold market.

We can but hope he is correct. When that day comes, the change on the world's gold markets will be unprecedented.

In 2015, another announcement slipped by the world when it was revealed that Russia's Gazprom would also begin selling oil to the Chinese in exchange for yuan and that they were negotiating further agreements to use rubles and yuan to settle natural gas trading directly, without the need for dollars:

(Moscow Times, June 2015): "Two state energy companies, gas producer Gazprom and its oil arm Gazprom Neft, said they would use more Chinese currency in trade, while Russia's largest bank, Sberbank, has also promoted the use of the yuan…

 

Gazprom Neft announced that it began settling shipments of oil to China in yuan. And previously, the head of Gazprom, Alexey Miller, said in a TV interview that the company was negotiating with China to use yuan and rubles for gas deliveries via a planned pipeline in Western Siberia.

OK... hands up if you're still with me... great!

Oh... you're reading this so I can't see you but hopefully you're following the dots...

For those of you who aren't, here's a little recap of where we are so far to help you get things into the right order before we push on to the end:

Get it? Got it? Good.

So... here we are, in 2016 and, as it turned out, April was a hell of a month if you were paying attention.

Firstly, the Saudis threatened to sell almost a trillion dollars of U.S. assets—including over $300 billion of treasury bonds—should a bill be passed by the congress allowing the Saudis to be held responsible for the 9/11 attacks:

NY Times, April 16, 2016): Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars' worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the 9/11 attacks.

 

Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom's message personally last month during a trip to Washington, telling lawmakers that Saudi would be forced to sell up to $750B in treasury  securities & other assets in the US before they could be in danger of being frozen by American courts.

In a rare show of bipartisanship, the bill was subsequently passed before being vetoed by President Obama who then had to watch in ignominy as he suffered the first veto override of his presidency.

Just days later, the Saudis were the cause of a seemingly surprise failure by OPEC to agree a production cut as the oil price languished in the low-$30s:

(Wall Street Journal, April 17, 2016): DOHA, Qatar—Oil producers that supply almost half the world's crude failed Sunday to negotiate a production freeze intended to strengthen prices.

 

The talks collapsed after Saudi Arabia surprised the group by reasserting a demand that Iran also agree to cap its oil production.

 

Oil prices had rallied in recent weeks on speculation that Saudi Arabia might successfully lead an initiative between members of the Organization of the Petroleum Exporting Countries and Russia, which joined the talks. 

 

A deal would have marked a new level of cooperation between non-OPEC countries and OPEC members that producers hoped would keep prices above January lows of $26 a barrel.

Just 48 hours after that surprise, the Chinese finally launched their twice daily gold fixing, setting the price at 256.92 yuan per gram:

(Bloomberg, April 19, 2016): China, the world's biggest producer and consumer of gold, started a twice-daily price fixing on Tuesday in an attempt to establish a regional benchmark and bolster its influence in the global market.

 

The Shanghai Gold Exchange set the price at 256.92 yuan a gram ($1,233.85 an ounce) at the 10:30 a.m. session after members of the exchange submitted buy and sell orders for metal of 99.99 percent purity.

 

"This is a very important development and will obviously be very

 

closely watched," said Robin Bhar, an analyst at Societe Generale SA in London. "But as long as it exists inside a closed monetary system it will have limited global repercussions. It could be a very important development if the new benchmark is a precursor to greater use of gold in the Chinese monetary system, Kenneth Hoffman…said by e-mail on Monday. It may also boost interest in the Shanghai free-trade zone, he said.

As Soc Gen's Robin Bhar correctly identified, if the ability to trade gold for yuan exists within a closed monetary system, its importance will be limited BUT, as Bloomberg's Ken Hoffman also correctly pointed out, if this was the thin end of the wedge, things could get very interesting indeed. Now, this chart shows the oil price going back to before the U.S. Civil War:

Between 1865 and 1973, the price of oil was incredibly stable against a backdrop of perhaps the greatest simultaneous economic, demographic and technological expansion in human history.

How was that possible?

Well simply put, because oil was effectively priced in gold.

However...

Once the gold window closed and the petrodollar system was implemented, the price of oil soared 50-fold in just 35 years.

The move on the right? With the question mark against it? We're getting there, I promise.

Now, you remember this next chart and the yuuuuuge supply of treasuries which exists compared to oil now? Well, when we add in the roughly $100 trillion in boomer entitlements that will need to be paid for by issuing—you guessed it, more treasuries—the chart changes somewhat:

That red circle down at the bottom of the second chart is the spike you see on the first chart.

Ruh-roh!

It's safe to say that, relative to even oil, and without any infrastructure spending by Donald Trump, treasuries are going to be.... abundant in the coming years.

Conversely, if we look at the value of gold relative to foreign-held treasuries, we see an altogether different story unfold.

During Reagan's presidency, US treasuries were backed 132% by the market value of the country's gold reserves.

Today, that number has fallen to just 4.7%

If we do the same thing and account for the $100 trillion in entitlement promises, as you can see from the chart on the next page, the number falls to 0.3% in 2025.

So the second chart (below, right) should come as no surprise to anybody.

Yes, the Chinese have started to do what they promised to start doing, when they promised to start doing it.

Now, this next part of the presentation was a rattle through a whole bunch of charts showing the recent activity in the U.S. treasury, corporate bond, agency bond and securities markets so you'll have to brace yourself.

The charts will appear on the next page.

Chinese sales of US treasuries (1) have been consistent for the last three years...

...as have their sales of US securities (2) since 2015 after plateauing in 2013 when treasury divestiture began Concurrently, Chinese sales of corporate bonds (3) have accelerated over the same period...

...though agency sales (4)—despite a few periods of consistent selling—have yet to follow suit.

But now, as tensions rise and the cross-currents get harder to discern, guess who else has showed up as a seller?

That's right, the Saudis are now steady sellers of US treasuries (5)...

...and even more aggressive sellers of U.S. securities (6)...

Meanwhile, taking a broader view, net foreign purchases of treasuries, according to the TIC data, have been in a clear downtrend since 2009 (7) and have been largely outflows for the last three years.

If we look at the 12-month sum of sales (8), we see an even sharper decline...

...and if we take the trailing net official demand chart for treasuries back to 1979, the scale and extent of the change is evident—as are the catalysts for the acceleration (and we're back on this page once  again):

Take a long, hard look at that last chart folks—particularly within the context of the bond bull market and the 'bid' for treasuries we've seen throughout 2015 and 2016...

Meanwhile, the Russians—who, as we've seen are now selling oil for yuan to the Chinese, remember?— have been picking up the pace of their accumulation of gold reserves yet again, with the most recent monthly data setting yet another record...

...and the pick up in pace is evident when we look at average monthly purchases prior to 2013 and post the agreements put in place around that time between the various parties. Now, the next chart (top of the following page) is crucial to understand because a look at the market value of Russia's gold reserves shows just how crucial their ongoing accumulation of bullion has been for the country's finances over the last two years...

...and that increase in value has cushioned the effects of, amongst other things, the bailing out of the ruble.

As you can see from the green line, Russia's gold reserves in Ruble terms have soared as the country's currency has weakened—something which confounded all the doommongers who called Game Over for Russia amidst sharply declining oil revenues:

(Bloomberg, April3, 2015): Here's why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold's biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago.

 

While the ruble's 9 percent rally this year has raised the prospects that the central bank will start buying currency again, policy makers have instead used 13 months of gold purchases to take reserves over $380 billion for the first time since January 2015.

Hmmm...

Now, crucially, being given the ability to sell oil to the Chinese for yuan and buy gold with that same yuan directly through the Shanghai Exchange has completely changed the game for the Russians and those changes are being reflected where they matter most—in the energy markets, the supply/ demand dynamics of which are quietly morphing in plain sight.

By August of this year, Russia had overtaken Saudi Arabia as the largest exporter of oil into China...:

(Al Awsat, August 3, 2016): During the first seven months of this year, China imported about 30.5 million metric tons of Saudi oil, a 0.4% decrease than that of last year. Whereas, China imported about 29.5 million metric tons of Russian oil with 27% increase than last year.

...and that wasn't something the Saudis could take lying down:

Amid this fierc

Putin Spills The Beans ABOUT Obama Creating ISIS

Posted: 27 Dec 2016 06:00 PM PST

Putin BOMBSHELL To Reporters: Obama and America Armed & Created ISIS 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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Silver Will Trump Gold in 2017

Posted: 27 Dec 2016 05:58 PM PST

The Gold Report

Capitol in Chaos...Trump Danger Rises - Charles R. Smith

Posted: 27 Dec 2016 05:30 PM PST

Jeff Rense & Charles R. Smith - Capitol in Chaos...Trump Danger Rises Clip from December 21, 2016 - guest Charles R. Smith on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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MAJOR PREDICTION - 2017 Economic Collapse Warning

Posted: 27 Dec 2016 04:30 PM PST

Major Economic Collapse Breaking News, According to the BBC Online, the Venezuelan government has just announced it will remove and void the country's highest-denomination banknote from circulation within 72 hours to combat alleged contraband. Venezuelan Central bank data suggests there are...

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Gold Price Closed at $1137.30 Up $5.40 or 0.48%

Posted: 27 Dec 2016 04:14 PM PST

27-Dec-16PriceChange% Change
Gold Price, $/oz1,137.305.400.48%
Silver Price, $/oz15.930.231.43%
Gold/Silver Ratio71.398-0.679-0.94%
Silver/Gold Ratio0.01400.00010.95%
Platinum903.30-10.90-1.19%
Palladium674.3018.952.89%
S&P 5002,268.875.080.22%
Dow19,945.0411.230.06%
Dow in GOLD $s362.53-1.52-0.42%
Dow in GOLD oz17.54-0.07-0.42%
Dow in SILVER oz1,252.12-17.22-1.36%
US Dollar Index103.010.060.06%
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:1,138.40


GOLDFine Tr.Oz.BIDASK$/oz
American Eagle1.001,172.551,176.541,176.54
1/2 AE0.50590.03600.511,201.01
1/4 AE0.25300.70305.951,223.78
1/10 AE0.10123.69124.651,246.55
Aust. 100 corona0.981,110.281,119.281,141.89
British sovereign0.24269.99282.991,202.16
French 20 franc0.19212.54218.541,170.54
Krugerrand1.001,153.201,163.201,163.20
Maple Leaf1.001,148.401,162.401,162.40
1/2 Maple Leaf0.50654.58597.661,195.32
1/4 Maple Leaf0.25290.29304.521,218.09
1/10 Maple Leaf0.10120.67124.091,240.86
Mexican 50 peso1.211,362.851,373.851,139.46
.9999 bar1.001,142.951,148.401,148.40
SPOT SILVER:15.95


SILVERFine Tr.Oz.BIDASK$/oz
VG+ Morgan $B4 19050.7723.0027.0035.29
VG+ Peace dollar0.7717.0020.0026.14
90% silver coin bags0.7211,654.5011,940.5016.70
US 40% silver 1/2s0.304,513.504,663.5015.81
100 oz .999 bar100.001,585.001,610.0016.10
10 oz .999 bar10.00161.00166.0016.60
1 oz .999 round1.0016.2016.5016.50
Am Eagle, 200 oz Min1.0017.4518.9518.95
SPOT PLATINUM:903.30


PLATINUMFine Tr.Oz.BIDASK$/oz
Plat. Platypus1.00918.30948.30948.30

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Mike Maloney On Bitcoin & Blockchain Technology. Cryptocurrency Future?

Posted: 27 Dec 2016 02:00 PM PST

 Bitcoin is nothing more than imaginary money. You own digits in a data system. Poof! It can be gone in a nanosecond. Physical gold or silver under your own personal ownership and control cannot go poof. It exists. It is real. The Financial Armageddon Economic Collapse Blog tracks trends and...

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Men in Black - THE SHOCKING REAL TRUTH UFO Alien Documentary

Posted: 27 Dec 2016 01:30 PM PST

There have been reports of MIB's for decades. What are they? Governement Agents? Something Else? Documentary about the CIA & Military's MKULTRA Experiment Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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Moscow would welcome Henry Kissinger’s expertise in Russia-US relations – Kremlin

Posted: 27 Dec 2016 12:30 PM PST

Kissinger is a war criminal and committed crimes against humanity. I am sorry to see Russia even considering using this evil SOB, even to pave the way to better relations. He deserves prison, not acknowledgement. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts...

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Brzezinski Decries 'Global Political Awakening' During CFR Speech

Posted: 27 Dec 2016 11:30 AM PST

They are incapable of seeing it any other way other than them ruling the world ,it is all they know or want . The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

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EU to boost border checks on cash, gold to tackle 'terrorism financing'

Posted: 27 Dec 2016 11:28 AM PST

How about just not admitting so many people from Religious Crazy Land?

* * *

By Francesco Guarascio
Reuters
Wednesday, December 21, 2016

BRUSSELS, Belgium -- The European Commission proposed on Wednesday tightening controls on cash and precious metals transfers from outside the European Union in a bid to shut down one route for funding of militant attacks on the continent.

The move follows Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd. It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015.

Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.

People carrying more than 10,000 euros in cash already have to declare this at customs when entering the EU. The new rules would allow authorities to seize money below that threshold "where there are suspicions of criminal activity," the EU executive commission said in a note.

EU officials said some of the recent attacks in Europe were carried out with limited funds, sometimes sent from outside the EU by criminal networks.

... For the remainder of the report:

http://uk.reuters.com/article/uk-eu-security-financing-idUKKBN14A17P



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Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...



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SWOT Analysis: This Could Result In a More Bullish Scenario for Gold

Posted: 27 Dec 2016 11:23 AM PST

In other gold-related news from Deutsche Bank, the group assesses the value of the gold "cost curve" when it comes to providing a fair value reference for the metal. Skeptical at first, the bank now recognizes that since 2000, the 90th percentile producer has been a good indicator of the minimum weekly gold price in a given year. "Under these assumptions, the gold price in 2017 would average $1,200 an ounce, with the minimum weekly price falling to $1,060 an ounce.

GATA secretary interviewed at length on Russia 24's 'Geo-Economics' program

Posted: 27 Dec 2016 10:35 AM PST

1:38p ET Tuesday, December 27, 2016

Dear Friend of GATA and Gold:

Last week's "Geo-Economics" program on the Russia 24 television network, the round-the-clock news channel based in Moscow, gave your secretary/treasurer a lot of time to discuss gold's role as an international currency and the policy of Western governments to subvert it in favor of the U.S. dollar. The program cited the Russian government's steady acquisition of gold as well as the Indian government's interference with gold purchases by its citizens.

Russia 24 is owned by the Russian government, which, as you might infer from the program, does not regard gold price suppression as mere "conspiracy theory" but rather recognizes it as longstanding Western government policy aimed at exploiting the developing world, including Russia itself.

Last week's "Geo-Economics" program about gold was 20 minutes long and has been posted at You Tube, your secretary/treasurer appearing at the 6:15, 7:15, 10:15, 12:15, and 18:45 marks, where even if you don't speak Russian you at least can see that he has a face for radio:

https://www.youtube.com/watch?v=GO2rSA9HiKc

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



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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:

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Is USDJPY Giving Clues to Gold's Next Move

Posted: 27 Dec 2016 10:23 AM PST

When is come to the gold price over the next couple of weeks I contend we should see a move higher with the miners following but a bit muted in their advance. It would take a sustain move above $1200 to get miner speculators reinvigorated after the brutal smash-down of the last few months.

Why Bitcoin Will Make Gold And Silver Go Up

Posted: 27 Dec 2016 10:03 AM PST

Miles Franklin

Hamburger Hill

Posted: 27 Dec 2016 10:01 AM PST

So bottom line, because of this paper market 'clusterf*ck' that controls precious metal prices, what will happen in the end is many producers will go bust as commodity prices are kept at or below cost set against debt induced bankruptcies, which is of course the big reason gold (and silver) producers keep putting out ore under such adverse conditions – because they must pay the bankers. As this process works through however, what will happen is increasingly supply will become tighter, especially for silver, which is not hoarded like gold. This is important to realize as very little silver production is actually turned into bullion savings, maybe 15%.

Gold: A Significant Rally Begins?

Posted: 27 Dec 2016 10:00 AM PST

This COT report for gold shows the commercial traders not only covering short positions in the latest reporting period, but also adding a nice number of longs!

A New Dow High?

Posted: 27 Dec 2016 09:55 AM PST

U.S. stock markets are making new highs regularly even though bonds are falling. Expect a substantial correction. Central banks hate to see stocks and bonds falling. Expect more QE. Central banks do not want higher gold prices but the coming financial crisis will focus their worries elsewhere. Expect gold to rise much higher depending on the degree of fiscal and monetary craziness, debt growth and QE "money printing."

Even the supposed audits of Germany's gold reserves are secret

Posted: 27 Dec 2016 08:10 AM PST

11:10a ET Tuesday, December 27, 2016

Dear Friend of GATA and Gold:

Bullion Star today publishes its primer on Germany's gold reserves, noting that the custodian of the reserves, the Bundesbank, is extremely secretive about them, concealing even their supposed audits and omitting crucial information from the supposed list of the gold bars in the reserve. Bullion Star's report on Germany's gold is posted here:

https://www.bullionstar.com/gold-university/central-bank-gold-policies-d...

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

Gold Bottoming In Late December, For The Second Straight Year?

Posted: 27 Dec 2016 08:03 AM PST

Miles Franklin

Gold Price Due for a Bounce, But Remains in Long-term Bearish Trend

Posted: 27 Dec 2016 05:52 AM PST

Bruce Powers writes: Spot gold (XAU/USD) remains in a long-term downtrend following a test of resistance at the long-term downtrend line over multiple weeks from July to September, and then again in November. A swing high of $1,375.15 was reached during that time, which was also a 2016 high and the highest price since March 2014.

BHS collapse puts Charles Dickens childrens' charity in hard times

Posted: 27 Dec 2016 02:58 AM PST

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

Breaking News And Best Of The Web

Posted: 27 Dec 2016 01:37 AM PST

US stocks, interest rates, dollar at recent and/or record highs. Worries about valuation are spreading. US housing starts jump in November, auto sales turn down, numerous factories scaling back. Italian banks restructuring and raising capital as government begins bail-out. Deutsche Bank agrees to big fine for mortgage fraud. Terrorist attacks in Turkey and Germany.   […]

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

Silver Will Trump Gold in 2017

Posted: 27 Dec 2016 12:00 AM PST

Kenneth Ameduri, editor of CrushTheStreet.com, argues that silver markets will see a surge during the Trump administration.

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