Saturday, December 31, 2016

Gold World News Flash

Gold World News Flash


BREAKING: Trump responds to Obama’s Sanctions on Russia!

Posted: 30 Dec 2016 09:30 PM PST

 BREAKING: Trump responds to Obama's Sanctions on Russia! Trump will hold meeting with Intel Agencies next week to be briefed on this matter. 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://www.figanews.com for full links, other content, and more! ]]

WOW! Must See! Obama Gets Called A War Criminal In Irish Parliament!

Posted: 30 Dec 2016 09:00 PM PST

Old video or not, truth is truth - Obama is a war criminal! Clinton, Bush, Bush, Clinton, Obama, Rumsfeld, Kissinger and many many others are all war criminals! 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://www.figanews.com for full links, other content, and more! ]]

Currency revocation seems unlikely to generate windfall for Indian government

Posted: 30 Dec 2016 07:45 PM PST

Indians Rush to Exchange Cash Ahead of Deadline

Demonetisation Has Seen More Money Returned to the System than Originally Expected

By Kiran Stacey
Financial Times, London
Friday, December 30, 2016

https://www.ft.com/content/699c0d30-ce56-11e6-864f-20dcb35cede2

Indians rushed to exchange the last of their expired currency notes ahead of a deadline on Friday, amid initial signs that the country's controversial demonetisation policy will fail to generate the windfall expected by the government.

New Delhi has claimed its decision, announced last month, to scrap 86 per cent of India's currency and replace it with a smaller quantity of new banknotes would eliminate illicitly earned or unaccounted for income that has been beyond the reach of tax authorities.

... Dispatch continues below ...



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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-...



But figures show that as Indians queued to deposit the last of their old Rs500 and Rs1,000 notes, almost all of the old currency had been returned. Economists said this suggested the move had not eliminated as much illicit cash as expected, and would derail the government's hope of a windfall gain from the scheme.

Narendra Modi, India's prime minister, defended his experimental demonetisation policy on Friday evening, saying it had been necessary to root out India's well-established black economy.

"Some politicians criticised the demonetisation exercise saying the government broke a mountain only to catch rats," he said during the final hours of a 50-day transition period. "They are right. We want to catch the rats who are stealing the poor people's hard-earned money."

The Reserve Bank of India has not said when it will publish the final figures on how much has been returned. However their latest data show that over Rs14tn out of the Rs15.5tn that was scrapped has now successfully been deposited despite stringent checks for untaxed income -- far more than the Rs10 trillion that the government initially predicted.

According to some experts, this means the RBI will not be given a sudden windfall for the government to disperse in the new year.

"The government thought that trillions of rupees wouldn't come back, and those liabilities could then be written off by the Reserve Bank of India," said Sanjeev Ahluwalia, an adviser at the Observer Research Foundation think-tank.

"They thought they would be able to pull out that money as a windfall in what would have been a neat accounting trick, but at best, they were only ever going to get 5-10 per cent remaining outside the system."

However, "people have been clever at finding ways round the rules", he said.

Mr Modi first announced his decision to scrap 86 per cent of the country's currency on November 8, in what amounted to the biggest economic experiment since Japan's trial of negative interest rates.

With banks overwhelmed by customers looking to change money in the immediate aftermath of that announcement, Mr Modi pleaded with Indians to give him 50 days for normality to return.

By Friday -- the end of that 50-day period -- some sense of calm had returned to the banking system, albeit in the middle of holiday season and with most ATMs still shut for lack of new notes.

But as economists processed the initial results of the policy, many warned that the early signals show that it has significantly slowed growth.

"Growth will definitely have been lower because of demonetisation," said Kunal Kundu, India economist at Societe Generale. "Inflation data looks weak, as do early figures on consumer durables." Reports on Friday suggested spending on durable consumer goods fell by up to 38 per cent in November on the previous year.

India's army of small traders have reported a similar effect, with customers staying away either to stand in bank queues or simply to conserve their supplies of cash.

Kailash Ashtakwani, a hardware store owner from Delhi, said he had lost 70 per cent of his business as a result of demonetisation. Standing in line to deposit cash at his bank in New Delhi, Mr Ashtakwani said: "Putting the [old] money in is easy but to take anything out is impossible when queues are eight or nine hours."

India's finance minister, Arun Jaitley, has announced a jump in tax revenue in the period from April until mid-December, which he said showed that the move had not damaged growth. Economists warned, however, that the increase was also caused by multiple tax rises in that period.

Mr Modi will give another speech on Saturday during which he is expected to announce a sweetener to win over voters ahead of regional elections next year.

He may also say when the curbs on withdrawals from ATMs will be lifted. Bank customers can currently only take out Rs24,000 per week over the counter from banks, and some had predicted this limit would be lifted on Friday. With banks lobbying for the limits to be extended, neither the government nor the RBI has said when they will finally end.

* * *

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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Trump Is Exactly Where The Elites Want Him

Posted: 30 Dec 2016 07:20 PM PST

Submitted by Brandon Smith via Alt-Market.com,

Cognitive dissonance is a powerful drug. It makes otherwise-very-intelligent people goofy and incoherent in their thinking and blinds them to certain realities that they should normally see right in front of their noses. I witness it all the time in the field of economics — a key piece of logic, a key fact that certain people absolutely refuse to take into account simply because they have a singular idea of how the world works and they cannot allow that idea to ever come into question. They would rather leap into a mental gymnastics routine worthy of an Olympic gold medal than examine the truth. And if you confront them on it, they’ll accuse YOU of being the one in denial.

This is how we ended up with the credit crisis and market crash of 2008/2009. This is how very few people saw the writing on the wall with Syria and ISIS and the fact that the funding and training of Islamic extremists by Western governments for the purpose of proxy insurgency might not be such a great concept. It is the reason why it took years for the mainstream to acknowledge the advent of the East/West paradigm, the same paradigm that alternative analysts warned about years in advance. This is why most mainstream AND alternative analysts completely discounted a successful Brexit referendum.  And, it is why the vast majority of pundits could not even conceive of a Trump victory in 2016.  I could write a list 20 pages long on all the geopolitical and fiscal developments most people missed because they were clinging to assumptions rather than evidence.

Unfortunately, the liberty movement is also sometimes vulnerable to such assumptions. The most dangerous of which revolve around the rise of President-elect Donald Trump.

I have seen endless theories over the past several months on all the ways in which the global elites would sabotage the Trump campaign. I believe the phrase “they will never allow him to win” was repeated in nearly every discussion on the election. The assumption in this instance was that Trump is “anti-establishment” and, therefore, a threat to the globalists. These are the same globalists that people also claimed would “rig the election,” or initiate a “coup” in the electoral college to stop a Trump presidency.

Of course, this never happened. So, a large percentage of the movement needs to question — why didn’t it happen? How did Trump win within a system we know has been rigged for decades?

You’ll hear hundreds of theories and rationalizations on Trump’s miraculous victory, but a reason you will almost never hear is also the most likely one: Trump won the election because he serves the interests of the establishment. Trump won because he is a fake.

This is not an idea that many liberty activists want to entertain. They were so repulsed by the proposition of Hillary Clinton taking the helm at the White House that they would have invested themselves in almost ANYONE running against her, even if they thought that candidate might be controlled opposition. However, not just anyone was fielded as a candidate; Trump was fielded, and for good reason.  I predicted before the Republican and Democratic primaries that the final election would be between Trump and Clinton in my article Will A Trump Presidency Really Change Anything For The Better?, published in March, and here is a quote on why:

"The other ingenious aspect of the Trump campaign is really who he is running against — Hillary Clinton, a rabidly liberal candidate even more hated than Barack Obama. A candidate with a potentially serious criminal record and a penchant for an outright communistic world view far beyond that of Bernie Sanders. Those of us who have been in the writing field for a long time and have dabbled in fiction know that in order to create a fantastic hero, you must first put even more work into creating a fantastic villain. The hero is nothing without the villain.

 

The unmitigated horror inherent in the prospect of a Hillary Clinton presidency is like adding jet fuel to the Trump campaign. (And yes, I am assuming according to the results of the primaries so far that the final election will be between Trump and Clinton)."

My point back then as well as now is that without Clinton as the counter-party, Trump would not have garnered the political following he did.  Any other Democratic candidate would not have galvanized conservatives so fervently. As I continued in my pre-primaries article:

“Donald Trump appears to be the perfect antithesis to Hillary Clinton. … the real question is, is Trump a reflection of the frustration and defiance of the conservative population, or, is he a clever ruse by the establishment to co-opt and placate the conservative population before we rebel?”

The staging of the 2016 election might have appeared to some people to be absolute chaos, but to me, it could not have been more perfectly scripted. In later articles covering the election I went on to give Trump a chance.  I stated that I had little doubt that he would win the election and that this would be followed by an economic crisis, probably triggered early in his first term.  Conservative movements would be set up as scapegoats for a crash the globalists had created. However, I believed it (marginally) possible that Trump was not aware of this strategy on the part of the elites. Today, I no longer hold this view.

The first and worst sign that Trump is not anywhere near “anti-establishment” has been his complete reversal of his original “drain the swamp” rhetoric. Trump is not only NOT draining the swamp that is the Washington D.C. and corporate elitist revolving door, he is adding even more creatures of varying ghoulishness.  As Newt Gingrich, who describes himself as an outside adviser to Trump, recently stated:

“I’m told he now just disclaims that…” [Draining the swamp] “He now says it was cute, but he doesn’t want to use it anymore…”

There is a good reason why Trump no longer wants to use that particular slogan — his cabinet is now filled with the exact same elitists he used to slam along with the Washington establishment.

Trump first placed former Goldman Sachs partner Steven Mnuchin as Treasury Secretary. Goldman Sachs has a long history of insinuating its alumni into vital positions within government bodies dealing directly with the economy.  Mnuchin is particularly troubling because of his ties to George Soros; Mnuchin used to work directly for George Soros at Soros Fund Management up until 2004.

Then, for those people that thought maybe Mnuchin was just an anomaly, Trump added Gary Cohn, president of Goldman Sachs, as the director of the National Economic Council.

Trump’s chief strategist and Breitbart executive Steve Bannon is also a former Goldman Sachs investment banker.

It is interesting to note that over a quarter of the gains in the delusional Dow Jones spike after Trump’s election was tied to a rise in Goldman Sachs stock value.  Imagine that…

Trump is also now “advised” on economic matters by the likes of JP Morgan’s Jamie Dimon. Are we starting to get the picture here?

If that is not enough, then how about the fact that Trump is being closely advised by long time globalist Henry Kissinger (just as Vladimir Putin is advised by Kissinger)?  I'm not sure why so many people are surprised by this arrangement; Trump was meeting with Kissinger months before the election. No matter the administration, there is ALWAYS a high level globalist behind the curtain.  Barack Obama had Zbigniew Brzezinski, and Trump and Putin have Kissinger.

I won’t go into the numerous establishment Republicans that Trump has tapped for his administration, I will save that can of worms for another article, but anyone in the Liberty Movement that is not at least generally suspicious of Trump at this point is probably kidding themselves.  The bottom line is, Trump has already LIED to his political base.  He has surrounded himself with globalists and financial gatekeepers when he originally criticized Clinton for the same behavior.  At this point, as long as he working in close proximity with such parasites there is no way for us to know if he is calling the shots, or if his handlers are making decisions for him.

I have heard it argued that Trump “has no choices” outside of D.C. insiders, which is why his cabinet is loaded with bottom feeders from Goldman Sachs. I find this argument rather naive. I would argue that there are thousands of brilliant professionals and people far more trustworthy outside of the beltway that could populate Trump’s cabinet and “make America great again.”  I would even argue that ANY person with little experience inside the D.C. corruption chamber would be better suited to the job.

It seems to me that there are some activists that just can’t let go of the notion that Trump was the candidate the elites wanted all along.  After all, didn’t the powers-that-be do everything in their power to try and stop him from winning the election?

Well, not really.  The media firestorm surrounding Trump, though highly negative in tone, only boosted Trump’s exposure throughout the election. In fact, Trump received more coverage from outlets like CNN than all the other candidates combined.

This was the exact opposite tactic that the elitist controlled media used against true liberty candidate Ron Paul in 2012. With Paul, the media went out of their way to ignore him; they even refused to show a single Ron Paul campaign sign in a crowd if they could avoid it. This was a concerted systematic effort on the part of left AND right wing media outlets to ensure that no one outside of the internet heard about Ron Paul.

So what happened with Trump? Why did the mainstream media abandon a strategy that was very effective against Ron Paul, and why did they give Trump endless free coverage?

The elites also did not take very stringent measures to disrupt Trump’s candidacy early in the race. The Republican National Convention undertook a campaign of disinformation and rule changes in order to ensure that Ron Paul would have no chance of organizing an upset against establishment choice Mitt Romney. The same exact kind of treachery was used by the DNC in 2016 to sabotage Bernie Sanders arguably a far more popular and effective candidate than Hillary Clinton. The party elites have numerous tools at their disposal to kill a candidate’s chances before he or she ever makes it on the national stage, yet, we are supposed to believe that Trump just slipped through the cracks, or beat them at their own game?  I think not.

The election itself was riddled with email leaks and data dumps showcasing the corruption of the Clinton campaign, and yes, this did help to ensure a Trump win. The accusations of “Russian hacking” is clearly a sideshow, but the question remains, who did feed that information to Wikileaks? Some theorize that “disgruntled employees” within the U.S. intelligence apparatus may have leaked the data. I think they were not disgruntled. I think that most of the leaks were part of the election theater from the very beginning. In light of Trump’s clear goal to entrench banking vampires within his administration, I think that the elites always intended for him to “win” the election.

Of course, for some in the liberty movement this claim is sacrilegious. They don’t want to hear it, they’ll hate me for saying it, and that’s fine.  I started my work in 2006 during the Bush years, and I remember quite well what it was like.  I have little doubt that some people will be accusing me of being a "liberal" before they even finish this article, just as people called me a "Neo-Con" during the Obama administration.  People who held fast to "conspiracy theories" surrounding the election and how Clinton was the "chosen one" will now hypocritically call me a "conspiracy theorist" for pointing out that NO ONE gets into the White House without being vetted by the elites, even Trump.

Working in alternative media means not caring if people like you or dislike you. I’ve been able to make numerous correct predictions because I do not concern myself with the pressures of conforming to group-think. My only hope is that many in the movement realize sooner rather than later that their faith in Trump has been ill invested. The great danger is that the liberty movement, the best last chance for saving this nation, will sit on its collective hands idle, centralizing all their hopes and eggs into the Trump basket, waiting for him to gallop in on his white horse and save us all from oblivion. And when that time comes, I suspect that he will do nothing, and the movement will be neutralized by its own desperate desire for a hero and an idol.

A tally of Iran sanctions relief includes more than $10 billion in cash, gold

Posted: 30 Dec 2016 05:40 PM PST

By Carole E. Lee and Jay Solomon
The Wall Street Journal
Friday, December 30, 2016

WASHINGTON -- In the three years since a preliminary nuclear deal was struck with Iran, Tehran has received more than $10 billion in sanctions relief from around the world in the form of cash and gold, according to current and former U.S. officials.

The large shipments of gold and cash, from oil funds unfrozen in numerous countries, represent the kind of financial relief that made Iran's leaders eager to complete the international nuclear accord. Some of the cash and gold went to Iran while the U.S. and other world powers negotiated with Tehran on a final nuclear deal. More shipments took place after final deal went into effect last January.

This tallying of the sanctions relief to date includes payments previously announced and others that haven't been. In one previously unreported payment, the U.S. authorized Iran to receive $1.4 billion in sanctions relief between when the final deal was struck in July 2015 and when it took effect, according to the U.S. officials.

Some U.S. lawmakers and Middle East allies contend that the shipments of cash and gold, a highly liquid form of money, can be used to fund Iran's allies in the region, including the Assad regime in Syria, the Lebanese militia Hezbollah, and the Houthi political movement in Yemen. ...

... For the remainder of the report:

http://www.wsj.com/articles/a-tally-of-iran-sanctions-relief-includes-mo...



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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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To contribute to GATA, please visit:

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

James Fetzer - Is Obama Trying to Incite WW3 with Russia?

Posted: 30 Dec 2016 05:30 PM PST

Jeff Rense & James Fetzer - Is Obama Trying to Incite WW3 with Russia? Clip from December 29, 2016 - guest Jim Fetzer on the Jeff Rense Program. 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://www.figanews.com for full links, other content, and more! ]]

BREAKING Bilderberg Website Hacked! Elites Put On Notice

Posted: 30 Dec 2016 03:52 PM PST

 Unprecedented Hack Makes Clear The Elites Have No Safe Spaces 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://www.figanews.com for full links, other content, and more! ]]

Soros Panics

Posted: 30 Dec 2016 03:30 PM PST

 George Soros is not happy about Donald Trump and is panicking trying to stop him from saving the United States. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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

Anonymous -- Whats up with the UN and Israel ?

Posted: 30 Dec 2016 03:00 PM PST

 As the elite race towards the new world order.The next war is coming into play.Israel is divided.And the countries will turn against it in battle. 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://www.figanews.com for full links, other content, and more! ]]

Exclusive: GOV Ex-Employee exposes the MARTIAL LAW and FEMA Camps operation (2017)

Posted: 30 Dec 2016 02:30 PM PST

 TV NEWS: MARTIAL ALERT by Trump's GOV'T plan! How to protect your money! Important News!! How to survive on 2017 event! Gold Tips! Very important Information! Please take a look and Share... Share... because this video must be shared with max number of people! make your part now, please share...

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Ex-CIA analyst on Russian election hacking allegations

Posted: 30 Dec 2016 02:00 PM PST

Former CIA analyst Tara Maller discusses the Obama administration enacting sanctions on Russian officials over alleged election hacking. 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://www.figanews.com for full links, other content, and more! ]]

COT Gold, Silver and US Dollar Index Report - December 30, 2016

Posted: 30 Dec 2016 12:33 PM PST

COT Gold, Silver and US Dollar Index Report - December 30, 2016.

Warning Trump To Collapse The Dollar , Buy Silver Now

Posted: 30 Dec 2016 12:30 PM PST

Trump To Collapse The Dollar - Jeff Berwick on Silver Doctors Jeff is interviewed by Elijah Johnson for The Silver Doctors podcast, topics include: The Trump presidency, protectionism is anti free market, Trumps unpredictability, potential for a major dollar crash, reneging on the government debt...

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

Obama attacks Drudge Report

Posted: 30 Dec 2016 11:00 AM PST

RED ALERT: Drudge Report Sabotaged… Fingers Point to Obama Gov. Attack. Foreign News Service was Attacked the Same Time! - Drudge and RT hacked at the same time! 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://www.figanews.com for full links, other content, and more! ]]

Major Stock Bear Still Looms

Posted: 30 Dec 2016 09:01 AM PST

Prudent investors have to overcome late 2016's groupthink herd euphoria and protect themselves from what's coming. That means lightening up on stocks, building cash, and buying gold. Central banks have a long history of trying and failing to eliminate stock-market cycles. The longer they are artificially suppressed, the worse the inevitable reckoning as the cycles resume with a vengeance. 2017 looks dangerous!

From Power Currency to Power Money*

Posted: 30 Dec 2016 08:52 AM PST

We believe the terms "power currency" (paper money) and "power money" (gold and silver) were coined by Trace Mayer*, a leading monetary and blockchain expert on Bitcoin. Applied to Exter's inverted pyramid, they provide excellent visual definitions of the two asset classes which have – throughout history – jockeyed for acceptance on the part of governments and the governed alike. And so far, as the late Richard Russell wrote a few years ago, "In experiment after experiment with fiat money, gold has always turned out to be the last man standing."

FTSE Stock Market Index Ends 2016 at BrExit New All Time High, Clueless Financial Press

Posted: 30 Dec 2016 08:52 AM PST

The FTSE ended 2016's last day of trading at a NEW ALL TIME high of 7,142, which according the mainstream financial press's reporting for virtually the whole year was an IMPOSSIBLE outcome. After all the surprise BrExit EU Referendum vote result was supposed to have heralded a crash, collapse, recession new bear market, NONE of which materialised!

Unrelenting "PM-Bullish, Everything-Else-Bearish" Headlines-To Usher Out 2016, And Foreshadow 2017

Posted: 30 Dec 2016 07:28 AM PST

For the first time since 2011 - when on Labor Day Eve; coincident with the Swiss National Bank committing to their ultimately fatal, hyper-inflationary decision to peg the Franc to the Euro; the Cartel passed its "point of no return" when "dollar-priced gold" hit an all-time high of $1,920/oz; and subsequently, went all-in suppressing prices on a 24/7 basis - gold and silver prices will end the year higher than when the year started. Including, in many cases, dramatic gains - depending on which currency you're measuring prices in. Not to mention, surging physical premiums in the world's two largest gold consumers, China and India.

GATA plans important disclosure Saturday

Posted: 30 Dec 2016 07:15 AM PST

10:16a ET Friday, December 30, 2016

Dear Friend of GATA and Gold:

On Saturday GATA expects to make an important disclosure about central bank gold reserves and the gold market.

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:

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Gold Setting Up for a New Year's Surge?

Posted: 30 Dec 2016 05:18 AM PST

The nearest Hidden Pivot resistance lies at 1164.00 (60-min, A=1124.30 on 12/15; B=1151.70 on 12/27), but if it too gets shredded, so will the key external peak at 1168.00 recorded on 12/14. That would refresh the bullish energy of the intraday charts, making it more likely that 2017 will begin with a bang for bullion.

Alasdair Macleod: Drifting into fascism

Posted: 30 Dec 2016 05:10 AM PST

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 29, 2016

Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because they are elected to promote the public good.

The reality is very different, with governments acting not in the interests of their electors, but in the interest of the preservation of the administration. And the size of the administration is proportional to its degree of control over the people, so it and its burden on ordinary people just grows and grows with ever-increasing intervention and micro-management.

The logical endpoint in the reach of government is either state ownership of all private property, which is communism, or state control over what people do with their property, which is fascism. With communism discredited, the world is moving inexorably towards the latter. Every business is regulated in some way or other, and economic freedom is being progressively restricted with ever-tightening regulations.

From a government's standpoint, lack of control over private activities equates with risk to the state and its objectives. The more that people are directed in their actions, the more certain the state's security becomes. We see this in attempts to remove cash-money from circulation, because the use of cash cannot be controlled. It can be used for activities beyond government's knowledge, it can be used to evade paying taxes, and it can be used to undermine a bank's solvency. Many people who are financially aware probably thought this was a trend only to be seen in the advanced nations, but it is equally true in emerging economies, as the recent experience in India has dramatically shown. ...

... For the remainder of the commentary:

https://wealth.goldmoney.com/research/goldmoney-insights/drifting-into-f...



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



Help keep GATA going

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

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Avery Goodman: JPM's gold buy hints at changes in world financial system

Posted: 30 Dec 2016 04:59 AM PST

8a ET Friday, December 30, 2016

Dear Friend of GATA and Gold:

Gold market analyst and securities lawyer Avery Goodman speculates today that what seems like JPMorganChase's recent massive acquisition of gold indicates profound changes being planned in the world financial system. Goodman's commentary is headlined "JPMorgan Gobbles Up a Minimum of 31 Tonnes (Possibly Up to 186 Tonnes) of Physical Gold" and it's posted at his internet site here:

http://averybgoodman.com/myblog/2016/12/30/jp-morgan-gobbles-up-a-minimu...

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



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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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Gold: No Bold Predictions for the New Year

Posted: 30 Dec 2016 03:07 AM PST

I’m not much of a fan when it comes to New Year’s predictions. There seems to be an almost fanatical obsession with ‘fortune telling’ when it comes to the financial markets.  And gold is no exception. Some twenty years ago when I was advising my financial planning clients to own gold shares as part of a diversified investment portfolio, my focus was more permanent and long-term.  Of course, that is the way I viewed other asset classes as well. There were certainly no ‘predictions’ about performance over the next year or so.  Since I retired in 2005, I have noticed that the time periods which we consider and focus on with respect to analysis and investing –  be it stocks, real estate, etc. –  have become increasingly short-term.  In fact, the financial markets seem to be more characteristic of casino-type activity.  Investing has become speculation.

Breaking News And Best Of The Web

Posted: 30 Dec 2016 01:37 AM PST

Stocks and dollar down, gold flat. US home sales fall, London real estate boom fading. Italian bank bail-out not going well. China money markets in turmoil. US retaliates against alleged Russian hacking.   Best Of The Web Drifting into fascism – GoldMoney Inequality and skin in the game – Medium.com The world's most dangerous systemic […]

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

Precious Metal Deliveries For 2017 Begin Quietly - Big Drawdown in 'Registered For Delivery' Silver

Posted: 29 Dec 2016 10:02 PM PST

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