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Saturday, December 3, 2016

Gold World News Flash

Gold World News Flash


Breaking: "New York Mayor Bill De Blasio Wants 1 Million Dollars A Day To Protect President Trump"

Posted: 02 Dec 2016 08:30 PM PST

New York City Mayor Bill de Blasio wants 1 Million dollars a day to protect President Trump  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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Cyber Warfare -- Saudi Central Bank Said Struck by Iran Malware

Posted: 02 Dec 2016 08:00 PM PST

 Dec.02 -- Government agencies in Saudi Arabia, including the nation's central bank, have reportedly been hit by Iranian malware. Bloomberg's Michael Riley reports on "Bloomberg Markets." The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Posted: 02 Dec 2016 07:18 PM PST

By Jonathan Stempel
Reuters
Friday, December 2, 2016

NEW YORK -- Deutsche Bank has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.

The preliminary settlement was filed today with the U.S. District Court in Manhattan and requires a judge's approval.

Deutsche Bank denied wrongdoing. The bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation. ...

... For the remainder of the report:

http://www.reuters.com/article/us-deutsche-bank-settlement-gold-idUSKBN1...



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K92 Drilling Significantly Upgrades Predicted Grade
and Contained Ounces in First 2 Planned Production Stopes

Company Announcement
Wednesday, November 30, 2016

K92 Mining (TSXV:KNT) is pleased to announce the initial results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine, which is currently in the start-up phase. The results have significantly increased both the predicted grade and contained gold ounces in the first two planned production stopes.

Highlights include:

-- A grade increase from 5.82 grams per tonne gold in the original AMDAD Stope Model to 9.21 grams per tonne.

-- Combined ounces in the two stope designs increase from 1,550 ounces of gold to 2,390 ounces.

-- Intercepts include 102 grams per tonne gold over 1.1 meters and 9.21 grams per tonne over 0.5 meters in GCDD 002, and 30.19 grams per tonne gold over 2.5 meters in GCDD 001. ...

...For the remainder of the announcement:

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

Carrier employee: Donald Trump saved my job

Posted: 02 Dec 2016 06:30 PM PST

 Carrier Employee Robin Maynard discusses the president-elect's deal with Carrier to keep jobs in Indiana. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

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Paul Craig Roberts -- Dollar Should Be Reduced Already to the Level of Toilet Paper

Posted: 02 Dec 2016 06:00 PM PST

 On holding physical gold and silver, economic expert and journalist Dr. Paul Craig Roberts, who holds a PhD in economics, says, "Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper. The Federal Reserve's...

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Trump Announces Era Of Peace

Posted: 02 Dec 2016 05:30 PM PST

 Donald Trump promised a "new era of peace" during the first stop of his "Thank You" tour in Cincinnati, Ohio, vowing that the US will stop trying to overthrow world governments and will cooperate with countries fighting terrorism. The Financial Armageddon Economic Collapse Blog...

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BREAKING: "THE GREAT CONFRONTATION OF THE LAST DAYS"

Posted: 02 Dec 2016 04:30 PM PST

BREAKING: "THE GREAT CONFRONTATION OF THE LAST DAYS" 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! ]]

Rickards: Banking Crisis Could Erupt in Two Days

Posted: 02 Dec 2016 04:18 PM PST

This post Rickards: Banking Crisis Could Erupt in Two Days appeared first on Daily Reckoning.

First Brexit. Then Trump. Now Italy…

Italians take to the polls this Sunday. At stake is a constitutional referendum offering government reform. A "yes" vote would give Prime Minister Matteo Renzi broad powers to fortify Italy's rickety banking sector. It would also reduce the number of senators from 315 to 100… to "streamline" the political process.

Its drummers say reform would give the stagnant Italian economy a good swift kick in the pantaloni. Things would get done, they say.

"Yes" would be a win for the "establishment."

A "no" vote is a vote against the establishment… à la Brexit… à la Trump. Opponents say the referendum would, in the words of Fortune, "kill representative democracy and usher in a new period of authoritarianism."

How important is the vote?

CNBC says many analysts consider the referendum "the most significant European political event of 2016. Yes, even bigger than Brexit."

Brexit was rather big, if we recall correctly. Why bigger? Because the fallout…

The war rages around the Italian banking sector — most prominently, the battered Banca Monte dei Paschi (MPS). The thing's been a going concern since 1472. The world's oldest operating bank. But these days it's in deep water. Or, rather, deep under water…

It's No. 3 in the house of cards known as the Italian banking system. Italian banks are drowning under some 360 billion euros ($383 billion) of nonperforming loans… about a third of the eurozone total.

Stress tests predict MPS would crack under another crisis. And since the leg bone's connected to the hip bone and the hip bone's connected to the back bone, its collapse could ultimately collapse the European banking system. Or enough of it.

The IMF, in its understated way: "If downside risks were to materialize, regional and global spillovers could be significant, given Italy’s systemic weight."

Here’s Jim Rickards, in good, hard English:

There's some possibility that a full-scale Italian panic emerges with potential to spill over into Germany, where Deutsche Bank could once again be in the eye of the storm. Two big U.K. banks (RBS and Barclays) also just failed their regulatory "stress tests" and will have to come back to the market for more capital as well.

Taken together, there's a real possibility of a banking and liquidity crisis in Europe between now and the end of the year.

The bank has until the end of the year to raise 5 billion euros, or about $5.3 billion. That's seven times its market value. It also has to jettison about 28 billion euros ($29.9 billion) in bum loans.

And "time is running out," as Stefano Girola of Syz Asset Management warns.

Prime Minister Renzi favors a plan to save the bank through a private effort led by JP Morgan. A "no" vote likely cancels the rescue operation. And that way could trouble lie…

It all goes to the banking system's hyperconnectedness. If "no" passes and JP Morgan's coalition of the willing can't save it, Monte dei Paschi could flat-line. Then the government would have no choice but to revive it. Remember, the interconnectedness.

But under European banking rules, this means Monte dei Paschi’s bondholders and depositors get a good hosing. They'd have to "bail in" the bank (see below for further explanation). And that would be politically unpopular. Maybe as unpopular as a bailout? A lot of regular-Joe Italians are, evidently, depositors.

So the forces of globalism and the forces of populism assume collision course. Again.

First, Britain against the EU… then America against, well, all of it… now Italy against the EU again.

Nationalism goes global!

If "no" wins, Renzi said he'll quit. This means a new election. The probable winner would be one Beppe Grillo… the Donald Trump of Italy. Like Trump, he's also a celebrity — a former comedian… if you can believe it.

(The wisdom of Will Rogers is underappreciated: "People are taking their comedians seriously and the politicians as a joke.”)

Grillo's also leader of the populist Five Star Movement, a motley coalition that also intends to hold a referendum on Italy's euro membership.

Brexit didn't sink the euro because it was never on it. Italy, different story. Italy's the third largest economy in Europe. If Italia drops the euro, it's goodbye, euro. Then it's curtains for the entire European project. Then who knows.

But will Italy actually end up dropping the euro down the road, even if "no" wins Sunday? Never. No chance. Only a looney-tune would suggest it.

Heck… you might as well say Donald Trump's going to be president of the United States…

Regards,

Brian Maher
Managing editor, The Daily Reckoning

The post Rickards: Banking Crisis Could Erupt in Two Days appeared first on Daily Reckoning.

Italian Banks on the Brink

Posted: 02 Dec 2016 04:09 PM PST

This post Italian Banks on the Brink appeared first on Daily Reckoning.

[Ed. Note: Jim Rickards latest New York Times best seller, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis (claim your free copy here) goes beyond the election and prepares you for the next crisis]

There's an old saying: "What's sauce for the goose is sauce for the gander." The meaning is obvious — if you insist on something for others, you have to be prepared to hold yourself to the same standard.

A version of that is playing out in Europe today. And right now the strongest signal is not coming from Germany — it's coming from Italy. Italian banks are in deep financial distress (as were banks in Cyprus and Greece from 2011 to 2015). This involves the Banca Monte dei Paschi di Sienna (BMP), the world's oldest bank still in operation, founded in 1472.

Monte Paschi's trouble began in 2007 when it agreed to buy another Italian-based bank, Banca Antonveneta SpA. It offered 9 billion euros in an all-cash deal just as the global financial crisis was unfolding. The deal proved a disaster for Monte Paschi. It damaged its ability to withstand losses following the 2008 crisis.

Then investment bankers stepped in and sold Monte Paschi derivatives contracts that ended up hiding the bank's surging losses from regulators. These deals only weakened the bank's shaky finances.

BMP's derivatives blew up because they made losing bets on the value of Italy's country's government bonds. The bank has suffered 15 billion euros in losses since 2009 and seen its stock fall 99%.

BMP was the only major bank to fail the European Central Bank's (ECB) recent stress tests. It was required to raise capital as a result. The efforts to raise capital have been led by JP Morgan and a syndicate including Goldman Sachs and some Chinese banks. JP Morgan won out over a rival plan by veteran Italian banker Corrado Passera.

The plan called for selling about 28 billion euros ($31 billion) in bad loans and raising 5 billion euros in new capital. But reports suggest that the capital raising effort has not gone according to plan.

Monte dei Paschi needs to complete the effort by the end of December. That seems unlikely since Italians are voting on a constitutional referendum which could unseat the government this Sunday, Dec. 4. The government endorses the plan.

Italy wants to bail-out BMP with taxpayer money. That's the standard playbook that governments used in 2008. But the rules have changed.

Angela Merkel, the Chancellor of Germany, is taking a hard line by insisting that there will be no more government bailouts of banks. In fact, that's the official position of the entire G20 as disclosed in the final communiqué from Brisbane in November 2014.

They decided that bail outs would be replaced by "bail-ins." In a bail-in taxpayer money is not used to recapitalize the sick bank. Instead bondholders and depositors take haircuts and are involuntarily converted into equity holders.

Imagine if you had $500,000 on deposit at the bank and you got a notice in the mail that said your deposit was now $250,000 (the insured amount) and the other $250,000 had been converted into stock in a "bad bank," which might or might not produce returns in the future. That's what happens in a bail-in.

If you read their final communique, you'll find the blueprint. In the next financial crisis when these global too-big-to-fail banks are under stress, they're not going to get bailed out with taxpayer money because the leaders know that's too unpopular. There's going to be a bail-in.

In a bail-in, the government says, "No, we're not going to help you. We're not going to use government money. We're not going to use central bank money. We're going to take the money that's in the bank and convert it to equity in the bad bank, where if you're a bondholder, you're not going to get 100 cents on the dollar. You're going to get 80 cents on the dollar, etc., etc."

They'll use the money already in the bank, whether it's depositors, bondholders, or equity holders, and use that money to repair the balance sheet.

We'll see financial institutions taken over, and losses will be apportioned between depositors, stockholders and bondholders. This means bondholders take haircuts, uninsured depositors get new equity, and existing equity holders get wiped out.

There's only one problem. Merkel is applying this rule to Italy, but now the biggest bank in Germany, Deutsche Bank, is the one that's in trouble. In order to maintain her hard line, Merkel will have to apply the bail-in method to Deutsche Bank. That means a bloodbath of losses the market is not ready for. It's time to get ready because a panic is coming.

If Germany forces Italy to bail-in BMP, then Italy will insist that Germany also bail-in Deutsche Bank when the time comes. Both banks are too-big-to-fail and are failing, but BMP is closer to the brink. It's the "canary in the coal mine" for Deutsche Bank.

Germany won't like that, but if they don't bail-in Deutsche Bank, the European Union will come apart because of acrimony between Italy and Germany.

Compared to this dispute, UK Brexit is a sideshow. Greece is a sideshow of a sideshow. Italy is the real deal. If Germany and Italy can't cooperate, then there is no European Union.

Markets won't wait while German and Italian politicians tiptoe around the bail-in question. They will draw their own conclusions and start a run on Deutsche Bank. That will take the stock down another 90% on top of the multiple crashes that have already occurred.

The German government will let Deutsche Bank stock fall to €2 before they intervene. That's how existing stockholders make their "contribution" to the bail-in. Deutsche Bank won't fail and the stock won't go to zero. But there's still plenty of room to fall.

As for BMP, I expect Italians to vote "no" on Sunday. First Brexit, then Trump, now the next anti-establishment shoe to drop is in Italy. It won't necessarily lead to the collapse of the euro or the immediate demise of the European Union, but it's clear the revolt against the globalist agenda continues.

The question is, how hard will the elites fight back?

Regards,

Jim Rickards
for The Daily Reckoning

The post Italian Banks on the Brink appeared first on Daily Reckoning.

Gold Price Discovery Shifting to Physical Shanghai Gold Exchange as Prices Diverge vs LBMA

Posted: 02 Dec 2016 04:09 PM PST

Gold Stock Bull

HILLARY CLINTON...MIGHT STILL BECOME PRESIDENT...GOD HELP US ALL

Posted: 02 Dec 2016 04:00 PM PST

How can these people put Hillary as president when people America already voted for trump? The elections is over and America has picked who they want for president!! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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

RECOUNT DEAD AS US PLANS ATTACK ON RUSSIA

Posted: 02 Dec 2016 02:30 PM PST

Because somethings going to happen in the U.S. to make it look like Russia did it,false flag,big warning to all people The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers...

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PizzaGate Definitive Fact Check

Posted: 02 Dec 2016 02:00 PM PST

 This country is run by freaks;psychopaths & pedophiles.  Gay sex also runs rampant in politics. There is NOTHING true and just about our politics. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists...

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

Gold Daily and Silver Weekly Charts - Oversold and Overdone

Posted: 02 Dec 2016 01:23 PM PST

Gold Seeker Weekly Wrap-Up: Gold Dips But Silver And Miners Gain on the Week

Posted: 02 Dec 2016 01:17 PM PST

Gold gained $7.20 to $1177.90 in Asia before it dropped back to $1166.88 after this morning's jobs report was released, but it then jumped back up to $1177.76 by midmorning and ended with a gain of 0.43%. Silver rose to as high as $16.802 and ended with a gain of 1.09%.

COT Gold, Silver and US Dollar Index Report - December 2, 2016

Posted: 02 Dec 2016 12:33 PM PST

COT Gold, Silver and US Dollar Index Report - December 2, 2016

Trump: "There Is No Global Flag, No Global Currency, No Global Citizenship."

Posted: 02 Dec 2016 12:30 PM PST

 Trump: There Is No Global Flag, No Global Currency, No Global Citizenship. We Will Be United As Americans. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

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BREAKING: Democrats Lost All Their Donors! Why They Won’t Win Elections In Near Future!

Posted: 02 Dec 2016 12:00 PM PST

BREAKING: Democrats Just Lost All Of Their Donors! See Why They Won't Win Any Election In The Near Future! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

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Jim Fetzer - Pizzagate & Occultism

Posted: 02 Dec 2016 11:30 AM PST

Jeff Rense & Jim Fetzer - Pizzagate & Occultism Clip from December 01, 2016 - guest Jim Fetzer on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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Gold, Currencies and Markets Critical 61.8% Retracements

Posted: 02 Dec 2016 11:14 AM PST

As it is quite often said (but just as often forgotten when things get volatile), no market can move up or down in a straight line. There have to be corrections along the way as some traders cash in their profits, others get scared out of their positions etc. The question is – where (at what price) is such a reversal likely to take place. Focusing on news and fundamental analysis alone will not provide you with an answer here, simply because the markets are not logical in the short term, but emotional (it is also the case in the medium term, but to a smaller extent). Consequently, we need to apply technical tools to determine what is the most likely level at which the price will reverse.

Fatal Alert: The NEW WORLD ORDER 2016 has begun!! USA is on the ILLUMINATI's hands!

Posted: 02 Dec 2016 11:02 AM PST

 NEW WORLD ORDER has begun! The TRUMP''s effect! Please share with urgency. This is very important to share! TV News is showing more proof! This is TV News! This is real facts. The power of Internet/YouTube is helping American people! The Financial Armageddon Economic Collapse...

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Gold Junior Stocks Q3’16 Fundamentals

Posted: 02 Dec 2016 10:47 AM PST

The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.  That’s naturally left investors and speculators extremely bearish on gold juniors.  But lost in all this technical and sentimental tumult are important fundamentals from the juniors’ recently-reported third-quarter financial and operational results, which proved quite strong and bullish. The junior gold stocks are rightfully considered the Wild West of the gold sector.  Most of the hundreds and hundreds of these small companies won’t prove successful.  They won’t be able to secure funding to explore sufficiently, won’t be fortunate enough to find an economic deposit of gold to mine, or won’t be able to make the herculean leap from explorer to miner.  The odds are stacked heavily against the gold juniors.

Could Electoral College Still Make Hillary President? Democrat Operatives Are Trying To Do It

Posted: 02 Dec 2016 10:00 AM PST

 Wait until the "protesters" see that Trump is actually going to be certified President. They'll be in the streets even more screaming and crying. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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The Bear Market in Gold has Resumed

Posted: 02 Dec 2016 09:33 AM PST

When gold rose from its 1046 low last December, it was accompanied by motivating articles written by a plethora of excited gold analysts. Many of them unequivocally stated that gold's long, grueling Bear Market had ended, and a new great Bull Market had begun. One after another, they fell over each other making glowing predictions of a new, major rise in gold. They were so convincing that they generated what I believe became a self-fulfilling prophecy. Their excitement helped draw an enormous amount of money into the eternal metal and the stocks that explore for or produce it. The result was a convincing Bear Market rally in the gold and silver complex, albeit temporary as is typical.

Future Of America Under Trump -- Sean Hannity Interview with Reince Priebus

Posted: 02 Dec 2016 09:30 AM PST

Sean Hannity interview president-elect Donald Trump's future chief of staff at the White House Reince Priebus after the Ohio victory speech. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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

Gold Juniors’ Q3’16 Fundamentals

Posted: 02 Dec 2016 08:57 AM PST

The junior gold miners' and explorers' stocks have been crushed in recent months, collateral damage from enormous gold-futures selling. That's naturally left investors and speculators extremely bearish on gold juniors. But lost in all this technical and sentimental tumult are important fundamentals from the juniors' recently-reported third-quarter financial and operational results, which proved quite strong and bullish.

Court allows IRS to seek user info from blockchain firm Coinbase

Posted: 02 Dec 2016 08:40 AM PST

By Ismail Shakil and Sruthi Shankarin Bengaluru
Reuters
Thursday, December 1, 2016

A federal court in California on Wednesday allowed the Internal Revenue Service to seek three years of information from blockchain firm Coinbase Inc. about its American users, the U.S. Department of Justice said.

The court in Northern District of California authorized the IRS to serve a so-called "John Doe summons," used when the summoned person can't be identified, to Coinbase for U.S. taxpayers who conducted virtual currency transactions on its platform during 2013 to 2015. ...

... For the remainder of the report:

http://in.reuters.com/article/usa-coinbase-idINKBN13Q2Z5



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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-...



Help keep GATA going

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

http://www.gata.org

To contribute to GATA, please visit:

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

TF Metals Report: U.S. economic data shows weakness, not strength

Posted: 02 Dec 2016 08:34 AM PST

11:34a ET Friday, December 2, 2016

Dear Friend of GATA and Gold:

The TF Metals Report today details how the U.S. economic data that is being spun to suggest strength actually demonstrates appalling weakness. The report is headlined "More BLS BS" and it's posted here:

http://www.tfmetalsreport.com/blog/8022/more-bls-bs

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



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Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf



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 Juniors’ Q3’16 Fundamentals

Posted: 02 Dec 2016 08:31 AM PST

Zealllc

GoldSeek Radio Nugget: Rob Kirby and Chris Waltzek

Posted: 02 Dec 2016 07:13 AM PST

Rob Kirby of Kirby Analytics notes that the smart money, deep pockets and institutional investors are diversifying away the dollar exposure in favor of PMs. Our guest proposes that an enormous tonnage of gold was dropped on the market following the US election - nearly the entire US reserves at Fort Knox. The move is an "act of desperation by policymakers" to contain gold and give the false illusion of weakness.

Credit cycles and gold

Posted: 02 Dec 2016 07:10 AM PST

Gold has been caught in the cross-fire, being a simple way for US-based hedge funds to buy into a rising dollar by selling gold short. While this pressure may persist, particularly if the euro weakens further ahead of the Italian referendum, it is essentially a temporary market effect. This article explains why this is so by analysing the next phase of the credit cycle, and the implications for interest rates and prices, which will be fuelled by higher US fiscal deficits in addition to China's stockpiling of raw materials. It concludes that there are factors at work which were originally identified by Gordon Pepper, who was acknowledged as having the finest analytical mind in the UK Gilt market in the 1960s and 1970s.

Top Ten Videos

Posted: 02 Dec 2016 07:07 AM PST

The truth behind gold manipulation. The 1%'s strategy for harvesting the rest of us. Sanders, Chomsky and Schiff on how we got here and where we're going.

No limit on holding gold if it matches income declaration, Indian govt. says

Posted: 02 Dec 2016 05:25 AM PST

By the Press Trust of India
via the Hindustan Times, New Delhi
Friday, December 2, 2016

The government on Thursday sought to quell rumors by clarifying that there is no limit on legitimate holding of gold and jewellery, including from inheritance, and there would be no seizure of bullion up to a certain limit even if that does not seem to match income.

"There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance," the finance ministry said in a statement.

As rumors of government crackdown on gold holdings raged, the ministry first came out with a statement saying the steeper up-to-85-percent tax in the new taxation laws amendment bill will not apply to legitimate gold holding, including those acquired through inheritance or agricultural income.

However, with apprehensions persisting in the absence of clarity on limits on holdings, the ministry came out with another statement hours later saying there is no limit on gold holding from explained sources of income. ...

... For the remainder of the report:

http://www.hindustantimes.com/india-news/no-limit-on-holding-gold-if-it-...



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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...



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Buy A House For 2.6 Ounces Of Gold

Posted: 02 Dec 2016 04:55 AM PST

Buy A House For 2.6 Ounces Of Gold
By Egon von Greyerz

Few people realise the coming bargains in all asset markets within the next five years or so. Stocks, bonds and property will be fractions of current prices. I discussed in last week's article how I expect stocks and property to decline maybe as much as 90%. Most people … Read the rest

Gold Price Closed at $1166.90 Down $3.90 or -0.33%

Posted: 02 Dec 2016 03:53 AM PST

1-Dec-16PriceChange% Change
Gold Price, $/oz1,166.90-3.90-0.33%
Silver Price, $/oz16.430.020.13%
Gold/Silver Ratio71.035-0.329-0.46%
Silver/Gold Ratio0.01410.00010.46%
Platinum Price909.6015.001.68%
Palladium Price751.00-20.65-2.68%
S&P 5002,191.08-7.73-0.35%
Dow19,191.9368.350.36%
Dow in GOLD $s339.992.340.69%
Dow in GOLD oz16.450.110.69%
Dow in SILVER oz1,168.322.670.23%
US Dollar Index101.10-0.44-0.43%

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Breaking News And Best Of The Web

Posted: 02 Dec 2016 01:37 AM PST

OPEC agrees to cut output. Oil jumps, stocks rise, gold falls. The political focus shifts to upcoming Italian, French and Austrian elections, all of which could go against the establishment. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes […]

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

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