Sunday, December 4, 2016

Gold World News Flash

Gold World News Flash


Whirlybird Janet, on December 14th, Will Be In A Very, Very “Hot Seat”

Posted: 04 Dec 2016 07:10 AM PST

It's Friday night, after another week of financial market ignominy has passed; fortunately, without further damage to those holding REAL money. Which fortunately, is likely to be extremely limited going forward, given how low Precious Metal "valuations" have been driven, amidst the most bullish fundamental environment imaginable. Heck, whilst the paper gold price has been mercilessly attacked – as countless fiat currencies crash, amidst an environment of unprecedented economic and political instability – physical demand has exploded.

Investors Push Gold Eagle Sales To Record High And Commentary On Precious Metals Sentiment

Posted: 04 Dec 2016 07:07 AM PST

Investment demand for Gold Eagles surged during the last day in November pushing sales to a new monthly record. Not only did Gold Eagle sales for November reach a new record high for the year, it surpassed sales during the same month last year by 52%. It seems as if investors are once again taking advantage of lower gold prices. I had planned to publish the article on Wednesday (last day of the month) showing that November sales hit a new record high, but the U.S. Mint updated their figures yesterday reporting another 20,000 Gold Eagles oz were sold on the 30th.

Bullion Banking Mechanics

Posted: 04 Dec 2016 07:02 AM PST

When discussing bullion banking mechanics, it's important to understand what a bullion bank actually is, and what activities bullion banks engage in. This appreciation also helps highlight the major concerns which modern bullion banking poses. The term bullion bank can be applied to banks which are involved in some or all of the following activities in the precious metals markets: trading, clearing, vaulting, physical metal distribution, risk management, intermediating between metal lenders and borrowers, mine finance and hedging, financing fabricators, providing consignment stocks, generating precious metals market research. This list is not exhaustive.

SHOCKING NEW RECORD: 95 Million Americans Not In Labor Force, Breaks RECORD.

Posted: 03 Dec 2016 10:30 PM PST

 SHOCKING NEW RECORD: Americans Not In Labor Force Breaks 95 Million ! 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! ]]

Game of oil: Behind the OPEC deal

Posted: 03 Dec 2016 10:00 PM PST

 OPEC member nations have agreed to cut oil production, but how will the deal affect the global economy? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

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

Top Russian pol Zhirinovsky CRUSHES Merkel and Europeans with joke

Posted: 03 Dec 2016 09:30 PM PST

Americans cannot handle words let alone bombs....just look at the college campuses and government leaches they are all pathetic libtard democrats. 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! ]]

Epic Fight Erupts Between Hillary And Trump Closest Advisers On Debate Forum!

Posted: 03 Dec 2016 08:00 PM PST

Epic Fight Erupts Between Hillary And Trump Closest Advisers On Debate Forum! 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! ]]

Tomorrow's Vote In Italy Will Be A "Wide-Ranging F**k Off", And It's Just The Start...

Posted: 03 Dec 2016 07:55 PM PST

Submitted by Nick Giambruno via InternationalMan.com,

Tomorrow, December 4, Italy is holding a referendum that will determine the fate of the entire European Union.

Donald Trump’s victory—which shocked Europe’s political and media elite—gives the populists backing the “No” side of Italy’s referendum the political rocket fuel they need for a virtually guaranteed win.

That momentum will be all but impossible to reverse. Anti-elite sentiment is rising on both sides of the Atlantic. And I bet the global populist revolution will continue.

If Italians buck the establishment—and it looks like they will—it will clear a path for a populist party to take power and for Italy to exit the euro.

If that happens, the fallout will be catastrophic for global markets. The Financial Times recently put it this way:

An Italian exit from the single currency would trigger the total collapse of the eurozone within a very short period.

It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

If the FT is even partially right, we’re looking at a possible stock market crash of historic proportions. This is why we’re watching the December 4 referendum so closely.

The referendum is meant to concentrate more power in Italy’s central government. On that point alone, everyone should oppose it. The centralization of power never leads to good things.

A “Yes” vote is effectively a vote of confidence in the current pro-EU Italian establishment. This is what the global elite wants.

A “No” vote is how the average Italian can give the finger to the faceless EU bureaucrats in Brussels, whom many blame—quite correctly—for their problems.

Trump’s win has been a double whammy for Italy’s pro-EU establishment.

First, it emboldens the populist forces fighting the referendum.

Second, it humiliates and politically castrates Matteo Renzi, the current Italian prime minister. Renzi took a rare step when he openly endorsed Hillary Clinton. He was the only European leader to do so.

As one of Renzi’s rivals said after Trump’s victory, “Matteo Renzi is politically finished from today, he’s a dead man walking.”

Other Italian politicians are furious that he weakened Italy’s standing with the new Trump administration.

It’s hard to see how Renzi could get himself out of the hole he’s dug.

It Started as a Joke

In 2007, Beppe Grillo, an Italian actor and comedian, launched Vaffanculo Day. “Vaffanculo” is Italian for “f*** off.”

Grillo and his followers used V-Day to bluntly express their displeasure with Italian establishment politicians, using imagery from the movie V for Vendetta.

Now, what started out as a joke has become Italy’s most popular political party…

V-Day helped organize Italians frustrated with their political system. It gave birth to the Five Star Movement, Italy’s new populist political party.

Grillo’s Five Star Movement—or M5S, its Italian acronym—is anti-globalist, anti-euro, and anti-establishment. It doesn’t neatly fall into the left–right political paradigm.

According to the latest polls, M5S is now the most popular party in Italy. It won mayoral elections in Rome and Turin earlier this year.

M5S is riding a wave of populist anger at entrenched political elites over economic stagnation. Italy has had virtually no productive growth since joining the eurozone in 1999.

M5S blames Italy’s chronic lack of growth on the euro. A large plurality of Italians agrees.

M5S has promised to hold a vote to leave the euro and return to Italy’s old currency, the lira, as soon as it’s in power. Under the current circumstances, it would probably pass.

After the Brexit vote and Trump’s win, M5S has joyfully predicted that Renzi will be the next casualty in the global populist revolution.

Grillo recently wrote:

It's crazy. This is the explosion of an era. It's the apocalypse of the media, TV, the big newspapers, the intellectuals, the journalists… This is a wide-ranging F*** off. Trump has pulled off an incredible V-Day… There are similarities between this American story and the Movement.

A “No” vote in the December 4 referendum means M5S could come to power in a matter of months.

Melting Like a Gelato in the August Sun

A populist tsunami is about to wash through Europe. It will drastically change the Continent’s political landscape in a way not seen since before World War II.

This wave will flush away traditional “mainstream” parties and usher in anti-establishment populists who want to leave the European Union.

It’s already hit the UK in the form of Brexit, killing David Cameron’s pro-EU government in the process.

Croatia, Hungary, Poland, Slovenia, and Greece already have populist, Eurosceptic—or “non-mainstream”—parties in power.

Italy is the next flashpoint.

A “No” vote in Italy is virtually assured at this point.

But it won’t be the end of the anti-elite surge. Voters in Europe’s biggest countries could soon throw out their “mainstream” parties in favor of populist and Eurosceptic alternatives.

Here’s the rundown…

Austria

Austria is holding a presidential election, also on December 4. It’s actually a redo of an election held in May, where a populist candidate, Norbert Hofer of the Freedom Party, barely lost.

Austrian courts found irregularities in the results and ordered a prompt new election. But when opinion polls showed the populist candidate in the lead, the government delayed the vote until December 4, giving a lame excuse about faulty adhesive on absentee ballots. Despite the foot-dragging, Mr. Hofer looks set to win the December 4 vote.

France

France has a presidential election next spring. There’s a chance that Marine Le Pen, leader of the Eurosceptic National Front party, will do better than many expect. After more than a decade of disappointment under presidents Fran├žois Hollande and Nicolas Sarkozy, French voters are clamoring for something different.

Spain

Spain recently re-elected incumbent Prime Minister Mariano Rajoy. However, Spanish voters fled traditional political parties en masse for new populist upstarts Podemos and Ciudadanos. So Rajoy was unable to form a majority government.

Rajoy now leads a severely weak minority government. The political power of the Spanish populist parties is only expected to grow.

Germany

Angela Merkel, the chancellor of Germany, embodies the European establishment more than any other politician. Her party suffered a series of stinging defeats in regional elections this year, mostly because of her signature lax immigration policies, which have flooded Germany with migrants.

Merkel’s troubles have only helped the Alternative for Germany, a new populist party surging in popularity. The party could pose a real problem for Merkel in the 2017 federal elections.

The Netherlands

As the Netherlands approaches elections in March, Geert Wilders’s Party for Freedom, which advocates leaving the EU, is basically tied in opinion polls with the establishment parties.

How to Profit from the Tsunami…

As populist, Eurosceptic parties surge, the entire European Union is looking shakier by the day.

One Italian politician correctly put it this way: “The euro is melting away like a gelato left out in the August sun.”

Our thesis for the collapse of the EU not only stands… it’s getting stronger and stronger.

There are potentially severe consequences in the currency and stock markets. We are approaching a global financial meltdown of historical proportions. It could strike America on December 4, 2016, as Italian voters decide the fate of the European Union itself.

It could either wipe out a big part of your savings... or be the fortune-building opportunity of a lifetime.

New York Times best-selling author Doug Casey and I just released an urgent video with all the details. Click here to watch it now.

November Intraday Price Averages for Gold and Silver - Pictures In an Exhibition

Posted: 03 Dec 2016 07:34 PM PST

"Meanwhile In Europe..." - The Big Day Arrives

Posted: 03 Dec 2016 07:29 PM PST

Less than a month after the "shocking" election of Donald Trump as US president, the world prepares for another day of political shockwaves, this time out of Europe, when on Sunday all eyes will be on Italy and, to a slightly lesser extent, Austria.

Or, as Bank of America puts it "Meanwhile in Europe..."

As we have previewed on various occasions (most recently in Friday's extensive "Everything You Need To Know About The Italian Referendum & Should Be Afraid To Ask"), in a few short hours, Italy will vote on a constitutional reform referendum. While we urge readers to skim the in depth "walk thru", here is a simplified version of what happens after the likely "No" vote tomorrow.

The main concern in the markets - which has manifested itself in both the European currency, its vol structure, as well as Italian bond yields - is that a strong "No" vote will cause Prime Minister Renzi to resign, leading to political instability in Italy. Furthermore, a "No" vote is expected to kill a long-running attempt to rescue Italy's third largest and oldest bank, Monte dei Paschi, which has been desperate for a private sector bailout ever since it failed this summer's ECB stress test to avoid broader banking sector contagion; a failure of Monte Paschi will likely spark a fresh eurozone banking crisis, and prompt the ECB to get involved again (as it warned it would do), in a redux of what happened after the Brexit vote.

Also on Sunday, there is also a presidential election in Austria. A victory by the right-wing candidate, Norbert Hofer, would raise concerns about EU fragmentation because his party has advocated a referendum on EU membership. His victory would also raise concerns about a similar outcome in the French elections in May, and many other upcoming European elections as shown in the calendar at the bottom of this page:

However, while the Austrian vote will again be down to the wire - and since this time there won't be any Brussels-endorsed "widespread voting fraud", Norbert Hofer is assured to win - the key event will be the Italian vote. Here is what to expect in terms of timing:

  • Provisional turnout results from 7pm GMT (2pm ET)
  • Exit polls then expected around 10pm GMT on Sunday night (5pm ET)
  • First projections by Italian pollsters based on counted votes at around 10.45pm GMT (5:45pm ET)
  • Final result will come in around 2am on Monday (9:00pm ET)

In the highly improbably event the "Yes" vote wins, Deutsche Bank analysts write that a rebound in the Italian equity market should be largely restricted to financial stocks. Although the FTSE MIB is trading at a 15% discount relative to its 10-year average vs. Europe, valuations look substantially less attractive once banks are excluded from the index. The relative P/E of the FTSE MIB ex banks is trading in line with its long-term average vs. Europe ex banks. Several Italian sectors are even trading at a premium vs. their European peers, showing no signs yet of a spillover of banking sector risks.

That may change in just a few hours.

The biggest question from tomorrow's vote, is what happens to Italian PM Renzi should he lose the vote, and as France 24 reports, if voters reject Renzi's plan to streamline parliament, the centre-left leader has said he will step down.

The self-styled outsider in a hurry to shake up Italy finds himself on the inside, a target for those who say he has not been quick enough in fixing long-standing problems. For those unfamiliar, here is a brief snapshot of Renzi's approach, and political options:

After rapid rise, Italy's Renzi braced for fall

 

Renzi was just 39 when he came to power via an internal party coup in February 2014. With his penchant for retro sunglasses, open-necked shirts and jeans, the former mayor of Florence was hailed at the time as a premier for the smartphone generation. But the breath of fresh air is now in danger of being blown away by rival young Turks from populist and far right opposition parties trying to force him out.

 

After 1,000 days in office, Renzi, now 41, boasted last month of having steered the economy out of recession, got Italians spending again and improved public finances. He has also had significant political victories: a controversial Jobs Act passed, election rules rewritten and his candidate, Sergio Mattarella, installed as president.

 

As his Twitter follower numbers rose, so too did his international profile. Renzi was feted for his reform efforts by US President Barack Obama and German Chancellor Angela Merkel. "Matteo has the right approach and it is beginning to show results," Obama said just before treating Renzi and his school teacher wife Agnese to the last official White House dinner of his administration in October.

But many Italian voters do not share Obama's optimism. As the recovery has struggled to gain traction -- leaving unemployment stubbornly high, particularly among young people -- Renzi's ratings have slipped.

 

The Jobs Act, which eased hiring and firing, made him business friends but alienated trade unions and the left. A bullish style that was once seen as energetic has come to be viewed by some as high-handed, including by some grandees of his own party. Former Prime Minister Massimo d'Alema, a fervent critic of Renzi's constitutional proposals, described his successor to the New York Times as a Twitter-obsessed "oaf". The decline in Renzi's popularity is relative however. Polls suggest the Democratic Party, under his leadership, would top an election held tomorrow, albeit only just.

 

Born on January 11, 1975 in Florence, Renzi studied law and took his first steps in politics as a teenage campaign volunteer for future prime minister and European Commission chief Romano Prodi. By 26 he was a full-time organiser for La Margherita (The Daisy), a short-lived centre-left party.

 

He was only 29 when he became the leader of the province of Florence in 2004, establishing a power base that enabled him to go on to become mayor in 2009 and prime minister five years later. But for a brief spell in his early 20s working for the family advertising business, politics is all he has done and friends say he would be loath to give it up, despite his protestations to the contrary.

Even if has to make way as premier, he is not expected to give up the party leadership.

In short, Renzi is still very young, and a failure tomorrow followed by a resignation, means merely a detour for the career politican, not an end. The bigger question, however, is whether Italy is stable enough and its banks solid enough to survive a politidal vacuum wthout a "technocratic" government ready to step in and fill the void. The answer may be revealed as soon as Sunday night when the Euro opens for trading.

* * *

There is more to come.

As Bank of America notes, the common thread in all of these stories is that politics is driving economic outcomes. This dynamic will not change anytime soon, and BofA notes that it is "particularly concerned about the  drift toward protectionism." The bank notes that the number of trade restrictions globally has already picked up. Data from Global Trade Alert, a group of academic economists, shows an increase in the number of protectionist measures starting in 2012 and accelerating sharply in 2015. These include not just tariffs and quotas, but a range of policies that give  preference to domestic over foreign products.

An Italian "No" vote simply accelerate the global backlash against globalization, and lead to even more trade protectionist measures. But what is the most likely outcome, is that when the "No" vote wins (despite the endorsement of The Economist, which has gotten the outcome of every major political event this year wrong), it will only push the case for the anti-establishment vote in more European countries, until eventually Europe's populist forces stretch the European experiment so thin, that the Eurozone itself - an experiment which from day one catered to corporate interests and an established political oligarchy - will collapse under the weight of its own discontents.

For now, we await the surge in volatility that will emerge tomorrow afternoon, only to mysteriously disappear as every central bank around the globe engages in another BTFD orgy, sending risk assets higher even as the rapidly "isolating" world teeters on the verge of globalized collapse.

Debunking GFMS’ Gold Demand Statistics

Posted: 03 Dec 2016 07:00 PM PST

Bullion Star

Trump's Appointments - What Do They Mean?

Posted: 03 Dec 2016 07:00 PM PST

Authored by Paul Craig Roberts,

Before I give an explanation, let’s be sure we all know what an explanation is. An explanation is not a justification. The collapse of education in the US is so severe that many Americans, especially younger ones, cannot tell the difference between an explanation and a defense, justification, or apology for what they regard as a guilty person or party. If an explanation is not damning or sufficiently damning of what they want damned, the explanation is interpreted as an excuse for the object of their scorn. In America, reason and objective analysis have taken a backseat to emotion.

We do not know what the appointments mean except, as Trump discovered once he confronted the task of forming a government, that there is no one but insiders to appoint. For the most part that is correct. Outsiders are a poor match for insiders who tend to eat them alive. Ronald Reagan’s California crew were a poor match for George H.W. Bush’s insiders. The Reagan part of the government had a hell of a time delivering results that Reagan wanted.

Another limit on a president’s ability to form a government is Senate confirmation of presidential appointees. Whereas Congress is in Republican hands, Congress remains in the hands of special interests who will protect their agendas from hostile potential appointees. Therefore, although Trump does not face partisan opposition from Congress, he faces the power of special interests that fund congressional political campaigns.

When the White House announced my appointment as Assistant Secretary of the Treasury, Republican Senator Bob Dole put a hold on my appointment. Why? Dole had presidential ambitions, and he saw the rising star of Republican Representative Jack Kemp as a potential obstacle. As I had written the Kemp-Roth bill that had become Reagan’s economic policy, Dole regarded me in the Treasury as a one-up for Kemp. So, you see, all sorts of motives can plague a president’s ability to form a government.

With Trump under heavy attack prior to his inauguration, he cannot afford drawn out confirmation fights and defeats.

Does Trump’s choice of Steve Mnuchin as Treasury Secretary mean that Goldman Sachs will again be in charge of US economic policy? Possibly, but we do not know. We will have to wait and see. Mnuchin left Goldman Sachs 14 years ago. He has been making movies in Hollywood and started his own investment firm. Many people have worked for Goldman Sachs and the New York Banks who have become devastating critics of the banks. Read Nomi Prins’ books and visit Pam Martens website, Wall Street on Parade. My sometimes coauthor Dave Kranzler is a former Wall Streeter.

Commentators are jumping to conclusions based on appointees past associations. Mnuchin was an early Trump supporter and chairman of Trump’s finance campaign. He has Wall Street and investment experience. He should be an easy confirmation. For a president-elect under attack this is important.

Will Mnuchin suppport Trump’s goal of bringing middle class jobs back to America? Is Trump himself sincere? We do not know.

What we do know is that Trump attacked the fake “free trade” agreements that have stripped America of middle class jobs just as did Pat Buchanan and Ross Perot. We know that the Clintons made their fortune as agents of the One Percent, the only ones who have profited from the offshoring of American jobs. Trump’s fortune is not based on jobs offshoring.

Not every billionaire is an oligarch. Trump’s relation to the financial sector is one as a debtor. No doubt Trump and the banks have had unsatisfactory relationships. And Trump says he is a person who enjoys revenge.

What about the hot-headed generals announced as National Security Advisor and Secretary of Defense? Both seem to be death on Iran, which is stupid and unfortunate. However, keep in mind that Gen. Flynn is the one who blew the whistle on the Obama regime for rejecting the advice of the DIA and sending ISIS to overthrow Assad. Flynn said that ISIS was a “willful decision” of the Obama administration, not some unexpected event.

And keep in mind that Gen. Mattis is the one who told Trump that torture does not work, which caused Trump to back off his endorsement of torture.

So both of these generals, as bad as they may be, are an improvement on what came before. Both have shown independence from the neoconservative line that supports ISIS and torture.

Keep in mind also that there are two kinds of insiders. Some represent the agendas of special interests; others go with the flow because they enjoy participating in the affairs of the nation. Those who don’t go with the flow are eliminated from participating.

Goldman Sachs is a good place to get rich. That Mnuchin left 14 years ago could mean that he was not a good match for Goldman Sachs, that they did not like him or he did not like them. That Flynn and Mattis have taken independent positions on ISIS and torture suggests that they are mavericks. All three of these appointees seem to be strong and confident individuals who know the terrain, which is the kind of people a president needs if he is to accomplish anything.

The problem with beating up on an administration before it exists and has a record is that the result can be that the administration becomes deaf to all criticism. It is much better to give the new president a chance and to hold his feet to the fire on the main issues.

Trump alone among all the presidential candidates said that he saw no point in fomenting conflict with Russia. Trump alone questioned NATO’s continued existence 25 years after the collapse of the Soviet Union.

Trump alone said that he would work to bring middle class jobs back to America.

And Trump said that he would enforce immigration laws. Is this racism or is this a defense of citizenship? How is the US a country if there is no difference between illegal aliens and citizens?

Commentators of all stripes are making a mistake to damn in advance the only government that campaigned on peace with Russia, restoring middle class jobs, and respect for the country’s borders. We should seize on these promises and hold the Trump administration to them. We should also work to make Trump aware of the serious adverse consequences of environmental degradation.

Who is blowing these opportunities? Trump? Mnuchin? Flynn? Mattis?

Or us?

The more Trump is criticized, the easier it is for the neoconservatives to offer their support and enter the administration. To date he has not appointed one, but you can bet your life that Israel is lobbying hard for the neocons. The neocons still reign in the media, the think tanks, university departments of foreign affairs, and the foreign policy community. They are an ever present danger.

Trump’s personality means that he is likely to see more reward in being the president who reverses American decline than in using the presidency to augment his personal fortune. Therefore, there is some hope for change occuring from the top rather than originating in the streets of bloody revolution. By the time Americans reach the revolutionary stage of awareness the police state is likely to be too strong for them.

So let’s give the Trump administration a chance. We can turn on him after he sells us out.

WHO'S BEHIND THE ATTACKS ON ALT RIGHT MEDIA?

Posted: 03 Dec 2016 06:30 PM PST

disband the united nations ,nato and drain the swamp 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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There are no markets anymore and capitalism is dead, Sinclair tells USA Watchdog

Posted: 03 Dec 2016 05:02 PM PST

8p ET Saturday, December 3, 2016

Dear Friend of GATA and Gold:

Mining entrepreneur and gold advocate Jim Sinclair today tells USA Watchdog's Greg Hunter that there are no markets anymore and that, since markets are the prerequisite of capitalism, capitalism is dead too. Whatever succeeds the current financial system, Sinclair predicts, will be based on gold, which is being acquired in bulk by Russia and China, countries that know that big changes are coming. Sinclair's interview is 33 minutes long and can be heard at USA Watchdog here:

http://usawatchdog.com/we-have-killed-capitalism-jim-sinclair/#more-1820...

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



ADVERTISEMENT

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:

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More Content with Premium Membership

Posted: 03 Dec 2016 03:46 PM PST

Dear CIGAs, Jim and Bill post weekly videos and other additional content only available to members with a gold premium subscription, which can be purchased here https://www.jsmineset.com/membership-account/membership-levels/ Right now a years membership is only $119! Gold premium members can check out the latest video in which Bill and Jim discuss Jim’s recent interview with Greg... Read more »

The post More Content with Premium Membership appeared first on Jim Sinclair's Mineset.

The Rise of The Far Right in Britain

Posted: 03 Dec 2016 03:30 PM PST

 From Oswald Mosley's Blackshirts in the 1930s through to the National Front, the British National party and the English Defence League, the far right in Britain has been part of the political landscape for decades. The Financial Armageddon Economic Collapse Blog tracks trends and...

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We Have Killed Capitalism-Jim Sinclair

Posted: 03 Dec 2016 03:17 PM PST

By Greg Hunter's USAWatchdog.com (Early Saturday Release) (Programming note:  I am releasing this now (Saturday 12/3/16) because I think it is the most important interview of the year on USAWatchdog.com.) Legendary gold and market expert Jim Sinclair says, "Markets do not exist anymore . . . and you can't time what does not exist." Sinclair... Read more »

The post We Have Killed Capitalism-Jim Sinclair appeared first on Jim Sinclair's Mineset.

SURVIVING Economic Collapse and Cashless Society In India

Posted: 03 Dec 2016 03:00 PM PST

In this video Luke Rudkowski takes you along on his travels as he is broke like a joke in Goa India after the latest currency reset. We show you the current situation on the ground and cover the latest economic, social and political changes that occured in India.  The Financial...

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MARTIAL LAW and FEMA Camp video: People scared of Cop's Movement! (Evidences!) 2016

Posted: 03 Dec 2016 02:30 PM 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 Blog...

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The Elite Already Have The Collapse Planned, 'Operation Shift Blame' Is A Go: Brandon Smith

Posted: 03 Dec 2016 01:30 PM PST

 Today's Guest: Brandon Smith Funny how we are facing a " total global collapse" yet the rich will still find an open resort to sip drinks on the beach. TOTAL BULL. Cryptocurrency will kill off the bankers, these bastards are already dead we no longer need them to restart the...

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DONALD TRUMP'S JEWISH CABAL

Posted: 03 Dec 2016 01:00 PM PST

Will TRUMP WILL BE the BIGGEST deception on the AMERICAN people yet. HE saves jobs lol then royal fks us.? the dollar is gonna collapse ,  JUST scared The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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BREAKING TRUMP Thank YOU TOUR Victory Full Speech Ohio Breaking News December 2 2016

Posted: 03 Dec 2016 12:30 PM PST

 BREAKING TRUMP Thank YOU TOUR Victory Full Speech Ohio Breaking News December 2 2016 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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BREAKING: Hillary Clinton Just got' Eviscerated.' Real Reason Why Hillary Lost !

Posted: 03 Dec 2016 12:00 PM PST

BREAKING: Hillary Clinton Just got Eviscerated! The Real Reason Hillary Clinton Lost ! 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! ]]

Why Trump will be the greatest President in U.S. history

Posted: 03 Dec 2016 11:30 AM PST

 Here's me explaining why Donald J. Trump will be the greatest President in U.S. history. 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! ]]

Koos Jansen: Debunking GFMS' gold demand statistics

Posted: 03 Dec 2016 08:07 AM PST

By Koos Jansen
BullionStar.com, Singapore
Saturday, December 3, 2016

What came to light as on odd discrepancy between GFMS' Chinese gold demand and "apparent supply" has proven to be a tenacious cover-up by the oldest consultancy firm in the gold market.

Not only does GFMS publish incomplete and misleading data on Chinese gold demand -- all its supply-and-demand data is incomplete and misleading.

As a result, the vast majority of investors has been brainwashed to believe total gold supply and demand consists mainly of global mine output and jewelry demand. In reality, the supply-and-demand data GFMS publishes is just the tip of the iceberg. But the firm is reluctant to admit this, lest its business model be severely damaged.

GFMS has denied all allegations about its incomplete Chinese gold demand statistics by continuously making up false arguments. Therefore, BullionStar will debunk, once more, such arguments spread by GFMS. ...

... For the remainder of the analysis:

https://www.bullionstar.com/blogs/koos-jansen/debunking-gfms-gold-demand...



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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

China gold premiums near 3-year high while cash crunch curbs Indian demand

Posted: 03 Dec 2016 07:47 AM PST

By Sethuraman N.R. and Rajendra Jadhav
Reuters
Friday, December 2, 2016

Gold premiums in China held near three-year highs this week amid limited supply of the precious metal, with traders saying Beijing was restricting imports, while prices in India swung to a discount as a severe cash crunch dampened appetite.

The import curbs may be part of China's efforts to limit outflows of the yuan after the currency's slide to its weakest in more than eight years, traders say. China allows only 15 banks to import gold, including three foreign lenders.

"There is severe restriction on the banks' quota to import gold into China. Each has to justify their need," a Hong Kong-based banker said.

Gold was sold in China at about $24 an ounce above the international spot benchmark this week. Premiums went as high as $30 last week, the most since January 2014, according to Thomson Reuters data. ...

... For the remainder of the report:

http://in.reuters.com/article/asia-gold-demand-idINKBN13R0UG



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

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

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

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

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



Help keep GATA going

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

http://www.gata.org

To contribute to GATA, please visit:

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

How the gold banking system operates for surreptitious price suppression

Posted: 03 Dec 2016 07:39 AM PST

10:36a ET Saturday, December 3, 2016

Dear Friend of GATA and Gold:

Bullion Star in Singapore this week produced a primer about the international gold banking system, showing how central banks use it to create a vast amount of imaginary "paper gold" for largely surreptitious price suppression in defense of their own currencies.

Bullion Star explains: "Even if the bullion banks have access to borrowed central bank gold stored at the Bank of England, that gold is owed to the lending central banks, and therefore has multiple claims on it. If there was a run on the fractional-reserve bullion banking system by customers wanting to convert their unallocated positions to allocated gold holdings, analogous to a bank run where all customers want to withdraw their cash at the same time, this could lead to some serious problems in the ability of the bullion banks to provide the required gold. Such a situation would undoubtedly require cash settlement of customer positions, a move that would see the price of paper gold collapse while the price of physical gold would skyrocket."

Bullion Star's primer is headlined "Bullion Banking Mechanics" and it's posted here:

https://www.bullionstar.com/gold-university/bullion-banking-mechanics

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



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We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

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Email the GoldCore team at info@goldcore.com or call our trading desk:

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Visit us at: http://www.goldcore.com



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

5 Questions, Answered about Italy’s Referendum

Posted: 03 Dec 2016 07:36 AM PST

This post 5 Questions, Answered about Italy’s Referendum appeared first on Daily Reckoning.

This Sunday, December 4th, Italy will hold a constitutional referendum.

And while this isn't a referendum to remain or leave the European Union, like the United Kingdom's referendum in June, it still matters. European markets, the future of trade, the economy and global relations all could shift depending on the outcome.

It behooves you to know what's happening and what could happen as a result. You'd be forgiven, though, for not understanding what Sunday's referendum is all about. One of the leading Italian research institutes, Demopolis, reported that nine out of ten Italians have not understood the upcoming referendum on constitutional reform.

italia-referendum

What is the Italian Referendum and Why is it Important?

Italy's referendum will decide on a series of constitutional reforms that would considerably restrict the size and power of one out of the two houses of Italian parliament. This effort was drawn up to reform the country's endemic corruption and inefficient systems of governing.

Italy's current Prime Minister, Matteo Renzi, has lobbied strongly for a "yes" vote, which would strengthen the central government, while weakening the regional provinces..  The Prime Minister has flip-flopped on his promise resign if voters in the country reject the referendum – but considerable speculation has indicated made Renzi's exit still a possibility.

A win for the "no" vote would leave the Italian government intact and as it stands now and create an opening for Italy's opposition party to rise to prominence.

As even our own Jim Rickards indicated, "The particular reforms are less important than the populist backlash against the proposal."

Who is the opposition?

The main benefactor of a "Yes" vote is what has become known as the "Five Star Movement" –  a rapidly growing populist party. The party is led by a former Italian comic, Beppe Grillo, who has  an anti-EU, anti-euro nationalist agenda.   Leaders in the Five Star Movement have also discussed the return to the pre-Euro Italian lira currency and even went as far as to propose splitting the eurozone into multiple currency regions.

Why Does Italy Matter to the Economy?

Italian banks are incredibly indebted at the moment, and already timid investors could bring about a shock to the system for those fragile banks.

Even outside of Italy, European countries that surround it also face similar financial backlash and could be easily set off by such an economic backlash.

While similar to voters voting against Clinton and not necessarily for Trump, opposition to the referendum could be more about opposition to the Prime Minister, Renzi, than an actual rejection of the ballot itself.  Renzi's presiding over a lackluster economy. and Italy’s overall employment rate, one of the lowest in the euro zone, which has fallen to 57.2%.

What is the Market Impact from Italy’s Referendum?

As was the case post Brexit and Trump's election win, you could see the market react in knee-jerk fashion to the Italian vote, where Italian government bonds could sell-off in a "No" outcome. Conversely, Italian government bonds could rally upon a "Yes" vote.

In the immediate aftermath, you could also see efforts to recapitalize Monte Paschi di Siena stall. The recapitalization efforts began earlier this week and are set to unfold throughout December..  But investors and plans on foreign capital coming to the bank's rescue could  freeze after a "no" vote.

As the Wall Street Journal indicated, "Italy's third largest lender, dogged by huge piles of bad loans and chronically low profitability, encapsulates the woes of the country's banking system, which have become a concern for investors in Europe who fret troubles at Italian banks could affect other lenders on the continent."

The story of Monte Paschi could be the first in a series of market backlashes from a referendum vote to hit back against markets. As the Guardian reported, the EU has rules in place that prohibit Monte Paschi from receiving state based funding, but in the event that the bank was to fall, its collapse very well could cause a political crisis for Italy and the EU.

So What to Expect?

As it stands now most recent polling out of Italy have left us to believe, or at least under the suggestion, that a "no" vote is likely.

Jim Rickards notes that, "What is significant about Italian polls is not just that "no" is in the lead, but also that the vote is trending toward 'no.' Such trends dominate any statistical margin of error in predicting outcomes."

That fear and anxiety is beginning to cause some to panic about the future of Europe (Jim Rickards covers the Italian bank on the brink here).

Rickards rounds out his expectation for the vote stating, "When it came time for a showdown in June 2015, Greece chose to remain in the euro and accept austerity rather than go back to the Greek drachma. Italians will do the same, while suffering far less austerity than the Greeks."

While the vote in Italy might be one directly impacting the government system it will be the banks both in the country and throughout the Eurozone that are worth monitoring.

As Dave Gonigam noted at the beginning of the week, "Italy will be the third great shock to the political system… but the financial impact will be less than the mainstream hand-wringers would have you believe."

Stay tuned for Sunday's vote.  It might not be the Brexit for Italy, but it is still a paramount vote and matters for the future of Europe.

Regards,

Craig Wilson, @craig_wilson7
for the Daily Reckoning

The post 5 Questions, Answered about Italy’s Referendum appeared first on Daily Reckoning.

Gold And Silver – Do Not Expect Much Difference With Trump Compared To Obama

Posted: 03 Dec 2016 03:45 AM PST

Obama was the “Yes, we can!” hope and change candidate that become the deep state elite’s presidential lackey.  It was Obama’s choice to sell his political and personal soul in serving the globalists. History has been somewhat hidden from the public but still in the open for those who take the time to look. The US went bankrupt in 1933 when Roosevelt declared the Bank Holiday.  Its purpose was to eliminate any and all banking independence and give all control over to the Federal Reserve cartel.  Every bankrupt entity has a bankruptcy judge to oversee the bankruptcy.  That job went to the Secretary of the Treasury as agent for the globalists that took control over the United States.

Breaking News And Best Of The Web

Posted: 03 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.

Gold, Currencies and Markets Critical 61.8% Retracements

Posted: 02 Dec 2016 09:14 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.

Gold Junior Stocks Q3’16 Fundamentals

Posted: 02 Dec 2016 06:47 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.

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