Wednesday, December 7, 2016

Gold World News Flash

Gold World News Flash


Asian Metals Market Update: December-7-2016

Posted: 06 Dec 2016 11:02 PM PST

This year I have been totally wrong in long term projections for gold and silver. I expected gold to top $1520 which failed as India adopted demonetization. I expected Indian silver prices to rise to Rs.53000 per kilogram on Diwali day. Another big flop projection. Clients made money by investing in copper, zinc, lead and natural gas.

Posted: 06 Dec 2016 10:00 PM PST

 Wicked, wild, and gearing up for some springing. Thats what the news since Pizza Gate feels like. Its thick today. News from around the world as it pertains to these end times. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,...

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‘The Coming War on China’ John Pilger on his newest film

Posted: 06 Dec 2016 09:30 PM PST

'The Coming War on China' John Pilger on his newest film (Going Underground) Afshin Rattansi speaks to award winning journalist and filmmaker John Pilger about his newest film, 'The Coming War on China'. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

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TRUMP signs MARTIAL LAW: Politician Warns Of Economic Collapse and MARTIAL LAW 2016

Posted: 06 Dec 2016 08:00 PM PST

 Trump's effect: NEW WORLD ORDER and MARTIAL LAW exposed!! How to survive on 2016 Global Crisis! 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 it! Because the...

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The Biggest Gold Heist Of All Time

Posted: 06 Dec 2016 07:37 PM PST

Submitted by Simon Black via SovereignMan.com,

In 524 BC, a group of pirates set sail for Sifnos, an ancient Greek island famed for its vast gold and silver mines.

The mines of Sifnos were unparalleled in the ancient world.

They produced so much gold and silver that the local government at Sifnos could erect countless monuments, invest in new public works, and still easily have a substantial balance remaining at the end of each year to distribute to the citizens.

When the pirates arrived, they robbed the island of 100 talents of gold, an unfathomable sum at the time.

In the ancient world, a talent was a unit of weight equivalent to 26 kilograms, or about 836 troy ounces.

So 100 talents of gold would be worth just shy of $100 million today, ranking that ancient robbery as one of the biggest heists in history.

It’s amazing that thousands of years have passed, and yet that very same gold could still be traded in modern financial markets.

There are few other assets on the planet that have had such a long history of value, durability, and marketability.

Gold very clearly holds its value over time, whether over decades or millennia.

Now, in fairness, it’s not like any of us is going to live for 2500+ years, so realistically it shouldn’t matter if our money will maintain its value until the year 4500.

But gold has plenty of other benefits. For example, it’s also a type of insurance.

If there’s ever a major problem with your home country’s currency or monetary system (which we’ve seen over the last several years from India to Iceland, Argentina to Zimbabwe) gold will maintain its value and survive the currency crisis.

Owning some physical gold will ensure that you still have something of value in your pocket.

This is an insurance policy that you hope you’ll never need. But if you ever do, you’ll be damn glad you have it.

Another type of insurance policy we’ve discussed in this letter is physical cash.

Most people keep the vast majority of their savings in a bank, and in normal times we can access this savings online, at ATMs, and in the checkout line with our debit cards.

We view physical cash and bank balances as the same thing, i.e. $1 in a savings account is the same thing as a one-dollar bill with George Washington’s face on it.

They’re not the same thing. These are actually two distinct forms of money, they just happen to have a 1:1 exchange rate right now.

Your bank balance is nothing more than an accounting entry on a bank’s ledger.

It’s a technically a claim– an amount that the bank owes you, one of its millions of unsecured creditors.

And if there are ever any major problems at the bank, you’ll quickly see how worthless this claim can be.

Think about what happened in Cyprus back in 2013. An entire nation woke up one morning and found out that the government had frozen every account at every bank in Cyprus.

It turned out that the entire Cypriot financial system was near collapse, and the government cut people off from their funds in order to protect the banks.

At that point, bank balances were fundamentally worthless. It didn’t matter how much money you had in the bank… you couldn’t do anything with it.

But anyone who was holding physical cash could still buy food, fuel, and other necessities until the crisis subsided.

The 1:1 exchange rate between cash and bank balances broke down, literally overnight.

One day everything was normal. The next day, cash was far more valuable than anyone’s bank balance.

This is why it makes sense to hold both– gold AND physical cash.

It’s perfectly fine to stay optimistic and hope for the best. And there’s plenty to be optimistic about.

But with bank insolvencies rising (especially in Europe) and a US debt level closing in on $20 trillion, does it make sense to bet everything you’ve ever worked for on hope and optimism?

We insure ourselves against all sorts of risks.

We have fire insurance in case our houses burn down. We have life insurance in case we have an early departure.

Those risks may be extremely low. But they’re important enough that we spend money to protect ourselves against them.

The systemic risks we’re talking about may also be low. (Though I would suggest the risks are much higher than anyone realizes…)

But their impacts are extraordinary.

Yet unlike conventional insurance, these policies, i.e. cash and gold, don’t really cost anything.

Gold prices may fluctuate from day to day, but over the long-term, the metal holds its value. And it’s an asset that you’ll be able to sell, worldwide, in an instant.

It’s the same with cash.

With interest rates at historic lows and a checking account yielding 0.1%, there’s virtually no opportunity cost in holding some physical cash versus keeping all of your savings at the bank.

These are no-brainer solutions with minimal (nearly zero) cost that provide time-tested insurance against some obvious risks.

LIVE Stream: President-Elect Donald Trump Rally in Fayetteville, NC 12/6/16

Posted: 06 Dec 2016 06:30 PM PST

 Tuesday, December 6, 2016: Live stream coverage of the Donald J. Trump Thank You Tour rally in Fayetteville, NC at Crown Coliseum. Live coverage begins at 6:00 PM ET.LIVE Stream: President-Elect Donald Trump Rally in Fayetteville, NC 12/6/16 The Financial Armageddon Economic Collapse...

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Silver Bullion Price Buying Opportunity for 2017?

Posted: 06 Dec 2016 06:14 PM PST

In my second video in this series looking at prospects for previous metals investing for 2017, I take a look at the silver bullion price. Also remember to check out the other videos in this precious metals series.

Stock Market Topping, Gold Looks Lower

Posted: 06 Dec 2016 06:07 PM PST

The stock market looks like it is making a distribution top into the FED meeting.  We may see a small pull back into late week and then higher prices into the 14th.  We could see a sharp drop into the 5 week cycle low due around the 19th of December.  Overall, the market should be lower into March/April 2017 (Minor Wave Wave X of Intermediate Wave Z of Primary Wave 4) next year due to a FED rate hike.

TRUMP JUST BROUGHT 50,000 JOBS FROM JAPAN TO THE US!

Posted: 06 Dec 2016 06:00 PM PST

Trump does more before 9 am than most people do all day. Obama you're a failure of a leader! 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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The Imminent Multi-Trillion Dollar Surge In Social Security & Medicare Costs

Posted: 06 Dec 2016 05:57 PM PST

For decades we have known that the time would come when Social Security & Medicare costs would begin a rapid and explosive growth upwards. That time is no longer the distant future - but something that will take place next year, and the year after, and the year after. The long expected storm is now upon us, and as can be seen below, the amounts involved are staggering and they will arrive much faster than most people realize.

Dark Web Plot To Assassinate Trump? -- Tim Rifat

Posted: 06 Dec 2016 04:00 PM PST

Jeff Rense & Tim Rifat - Dark Web Plot To Assassinate Trump? Clip from December 05, 2016 - guest Tim Rifat 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 Shares Are Cheap!

Posted: 06 Dec 2016 02:57 PM PST

From Daniel Ameduri of FutureMoneyTrends.com Dear Reader, I know it takes emotional stamina, but if you agree that we are in a bull market for gold and specific minerals, then this current dip...

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The Trump Reflation Trade: The Biggest Short Ever

Posted: 06 Dec 2016 02:10 PM PST

This post The Trump Reflation Trade: The Biggest Short Ever appeared first on Daily Reckoning.

[Urgent Note: The nation's future hangs in the balance as Trump approaches his first 100 days. That's why I'm on a mission to send my new book TRUMPED! A Nation on the Brink of Ruin… and How to Bring It Back to every American who responds, absolutely free. Click here for more details.]

The Trump Reflation rally will soon prove to have been a giant head fake. It is based on pure hopium and for all practical purposes it was ginned up in the wee hours of election night in the bowels of Wall Street.

After all, what better way to call the retail sheep to one more slaughter than to reverse the market on a dime — by more than 1,000 Dow points in a few hours after the shocking election of Donald Trump as the nation’s 45th president.

To be sure, we welcomed Trump’s election because it amounted to an impeachment of the existing Wall Street/Washington ruling elites. It will throw Imperial Washington into bitter strife and dysfunction. Within months the looming $20 trillion debt ceiling expiration and lapse of the U.S. economy into outright recession will finally put an end to the nation’s kick-the-can fiscal fantasy.

By this time next year, in fact, Uncle Sam’s ledger books will again be spewing trillion dollar annual deficits. The ballyhooed Trump Stimulus will have been DOA and long-forgotten. What will be happening instead is a raging political conflagration over government shutdowns and emergency patches to extend the Treasury’s borrowing authority for a few months at a time.

What we are talking about here is a fiscal chickens-coming-home-to-roost scenario. That’s what Trump’s election really portends.

After all, even a political Houdini would not be able to govern when trillion dollar deficits again implode on the Imperial City. So how can it be expected that a mercurial outsider — tweeting up a storm against the very beltway political crooks and racketeers that he would need to actually attack the nation’s monumental fiscal and economic challenges — will be more than an incendiary disrupter of the status quo?

Indeed, in the present context the Democrats will go to war on Day One if Trump follows through on his campaign promise to repeal the disaster known as Obamacare and attacks the symbols of identity politics and political correctness on which the contemporary Democratic Party is built.

Yes, Chuck Schumer would like to make a deal for train loads of infrastructure pork for New York, but this isn’t 1981 and he isn’t Tip O’Neill. The idea that there will be any bipartisan cooperation on a fiscal stimulus package is a pipe dream.

In fact, what today’s talking heads can’t remember is that there was no bipartisan compromise even in Reagan’s time; that’s a revisionist myth peddled by worshippers of the Gipper and Chris Matthews on behalf of his former boss in the House Speaker’s office.

The famed Reagan tax cut of 1981 was steamrolled through the House by an unstable GOP-Boll Weevil coalition that only succeeded by a hair owing to public sympathy for Reagan after the assassination attempt. The Democratic majority fought it tooth-and-nail all the way.

The so-called “bipartisan compromise” happened only in its fiscally disastrous aftermath. That is, when bills to increase taxes and recoup upwards of 40% of the original Reagan tax cut had to be passed during 1982-1984 to stem the red ink hemorrhage. Even then, the national debt tripled on the Gipper’s watch, rising from $930 billion at the end of Jimmy Carter’s big spending tenure to $2.6 trillion in December 1988.

At the same time, there is not a remote chance that the various factions within the GOP gang of neocons, social cultural warriors, tax-cut true believers and plain old pork barrel politicians will be able to agree and pass on a partisan basis anything that remotely resembles big fiscal stimulus envisioned by Wall Street.

In fact, Trump correctly identified the Big Fat Ugly Bubble which hovers over Wall Street during the campaign, and he also suggested that it will inexorably splatter. What he didn’t say, of course, is that his flukish ascension to the White House will function as the angel of financial mercy.

So the S&P 500 at 2213 and 24.5X reported earnings is about as irrational as it gets. There is virtually no upside reward from here, but the downside risk of political crisis and policy paralysis is immense and palpable.

Folks, the ruling establishment would not let Donald Trump govern — even if he had a coherent and reasonably plausible economic program. But he has only slogans, quips, bromides and warmed-over ideas about cutting taxes and building roads and bridges without the slightest clue as to how they can be financed without driving the Federal deficit skyward and bringing the reawakened bond vigilantes to the very gates of the U.S. Treasury building.

The truth is, financial markets are heading straight into a perfect storm of central bank failure, bond market carnage, a worldwide recession and a spectacular fiscal bloodbath in Washington. Investors should be heading for the hills with all deliberate speed.

Yet the day traders and robo-machines have been raging — tagging the stock charts at new highs almost daily — based on the preposterous delusion that the “stimulus” baton is going to be smoothly handed off from a Fed that is paralyzed and out of dry powder to a grand new “growth” focused Republican government in Washington.

For the reasons mentioned above that’s exactly upside down. There will be no functioning government or coherent economic policy in the next four years. That means no giant fiscal stimulus in the form of infrastructure spending and huge tax cuts, and no countervailing economic brake on the recessionary forces now overtaking the U.S. economy.

What will transpire is a fiscal bloodbath like never before in Washington’s history. The inherited $20 trillion debt ceiling is a ticking time bomb which is set to explode on its March 15 expiration and will throw Washington into turmoil before the vaunted 100 Days is barely started.

Moreover, when Trump’s advisors finally get around to doing the math, they will discover that there is already built-in an additional $15 trillion of new deficits over the next decade — before even a single dime of Trump stimulus is added.

Indeed, now that Trump has appointed two Wall Street speculators — Steven Mnuchin at Treasury and Wilbur Ross at Commerce — to lead his economics team, a renewed fiscal calamity is virtually certain. Neither have the slightest clue that Uncle Sam is truly bankrupt and that 3–4% real growth in a nation buried under $64 trillion of public and private debt is a snare and a delusion.

Here's the bottom line: The stock market at 2213 on the S&P 500 is the shorting opportunity of a lifetime.

Regards,

David Stockman
for The Daily Reckoning

The post The Trump Reflation Trade: The Biggest Short Ever appeared first on Daily Reckoning.

Big Secrets in Plain View ~ Walter Bowart

Posted: 06 Dec 2016 01:30 PM PST

 Walter Bowart (1939-2007), author of Operation Mind Control, at the Conspiracy Con in Santa Clara, May 26, 2002. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Brussels to fine three banks over Euribor rate rigging

Posted: 06 Dec 2016 01:23 PM PST

By Rochelle Toplensky and Martin Arnold
Financial Times, London
Tuesday, December 6, 2016

Brussels on Wednesday will hit HSBC, JPMorgan, and Credit Agricole with multimillion-euro fines for rigging the Euribor interest rate benchmark, closing a five-year cartel probe into a scandal that shook the financial world.

The three banks held out against a 2013 settlement with the European Commission that imposed almost E1 billion of fines on Deutsche Bank, Societe Generale, and Royal Bank of Scotland.

Margrethe Vestager, the EU's competition commissioner, is expected to unveil fines on the trio of banks ranging from tens of millions of euros to the low hundreds, according to people familiar with the case.

The decision is an example of the long shadow that still hangs over the industry from alleged misconduct during the years of the financial boom. ...

Ms. Vestager is still developing a cartel case against multiple banks for allegedly manipulating the $5.3 trillion forex market. Given the extent of evidence in the hands of investigators, officials expect any forex fines to exceed those imposed during the rate-rigging probes. ...

... For the remainder of the report:

https://www.ft.com/content/c43c4f8e-bbd7-11e6-8b45-b8b81dd5d080



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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:

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Gold Seeker Closing Report: Gold and Silver End Slightly Lower In Mixed Trade

Posted: 06 Dec 2016 01:13 PM PST

Gold edged up to $1175.19 at about 9:45AM EST before it fell back to $1167.05 in early afternoon trade and then bounced back higher into the close, but it still ended with a loss of 0.09%. Silver slipped to as low as $16.69 and ended with a loss of 0.18%.

The System Is Set To Crash, All Currency In The Banks Will Disappear:Bix Weir

Posted: 06 Dec 2016 12:30 PM PST

Today's Guest: Bix Weir of RoadToRoota.com He talks about the Road To Roota theory, the possibly limitless potential of silver and gold, the globalist cabal attempting to force the entire world into absolute servitude to the state and the divide and conquer agenda of the U.S. election as presidents...

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The Imminent Multi-Trillion Dollar Surge In Social Security And Medicare Costs

Posted: 06 Dec 2016 12:25 PM PST

Based on Congressional Budget Office projections, total costs for Social Security, Medicare and Medicaid are likely to be about $120 billion greater in 2017 than 2016. Then almost double that amount in 2018, with an annual increase of $207 billion. Then almost double that amount again by 2019, with an increase of $372 billion compared to last year.

Will President Trump Build His Wall?

Posted: 06 Dec 2016 11:30 AM PST

 One of the key talking points from Trump's election campaign was the infamous wall he claimed would be built on the U.S - Mexico border to prevent illegal immigration. But will he ever build it or was it just a vote winning message? The Financial Armageddon Economic Collapse Blog...

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Silver Fundamentals VS. The Base Metal Bubble

Posted: 06 Dec 2016 11:13 AM PST

Miles Franklin

Governments, financial press falsify economic conditions, Embry tells KWN

Posted: 06 Dec 2016 09:37 AM PST

12:37p ET Tuesday, December 6, 2016

Dear Friend of GATA and Gold:

Governments and financial news organizations are falsifying the condition of the world's economy, Sprott Asset Management's John Embry tells King World News today, and the price action in the monetary metals is "ludicrous." Embry's comments are excerpted at KWN here:

http://kingworldnews.com/we-are-most-assuredly-headed-for-armageddon/

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



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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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To contribute to GATA, please visit:

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

Gold Demand: Grand Slam For Islam

Posted: 06 Dec 2016 09:13 AM PST

Graceland Update

Silver Fundamentals VS. The Base Metal Bubble

Posted: 06 Dec 2016 08:46 AM PST

The market "response" to the Italian referendum – unquestionably, a political, financial, and economic "nuclear bomb" – was as hideously rigged as anything I've ever seen. And trust me, the strafing is just starting, given this morning's news that not only is Bank Monte dei Paschi likely to be nationalized this weekend, but snap elections to elect a new Prime Minister (likely, a violently anti-EU Five Star Movement candidate) may occur as soon as next month.

Gold Bullion Price Buying Opportunity for 2017?

Posted: 06 Dec 2016 08:46 AM PST

This is the first in a series of video analysis that take a look at the precious metals and their stocks. The Gold price has recently taken quite a battering with the price having fallen form a 2016 high of $1378 to its last close of $1171 which is not far from its low for 2016 of $1071 set early on in the year which is perking my interest on whether now could be time to accumulate some more of the golden precious metal that mankind has been obsessing over ever since we sought out the gold and silver shimmering signs of water on the horizon on the sun baked parched east african savanna as has been imprinted within our DNA.

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market

Posted: 06 Dec 2016 07:38 AM PST

by Jan Skoyles, Editor Mark O’Byrne : The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain. This decision is about one of the most important markets in the world: the gold market, an invest-able market worth an estimated $2.4 trillion and is also of significance for the world of Islamic finance.

King Report: Market rigging strives to save disintegrating Europe

Posted: 06 Dec 2016 07:23 AM PST

From The King Report
Burr Ridge, Illinois
Tuesday, December 6, 2016

As always when a political event occurs, be alert for central bank intervention.

Someone intervened in European stocks before European bourses opened Monday. Unlike previous interventions, the Brexit and Italian referendum manipulations are intended to save the European Union, not just banks or stocks.

The severity of the situation across the pond cannot be understated. The EU and Europe itself are disintegrating. European nations are collapsing under the strain of busted banks and immigration that is accelerating the insolvency of welfare states.

Even worse, societal and cultural norms are collapsing. European elites' response to increasing crime and disorder has been to allow refugee enclaves to become de-facto sovereign states that are not policed. ...

... For the remainder of the report, subscribe here:

http://thekingreport.com/



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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:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

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

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

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

Gold Demand: Grand Slam For Islam

Posted: 06 Dec 2016 07:16 AM PST

The bottom line is that gold is set to get a major boost in demand from 25% of the world's population who are part of the Islamic faith. The world gold council estimates the boost could be as much as 500 to 1000 tons, which would make the Islam religion a major factor in gold price discovery for decades to come. Champions adapt. They prosper by adapting. So, gold community citizens need to adapt to the new gold market normal. That means they need to move, somewhat, from mainly a fear trade focus to both a fear trade and love trade focus.

CFTC leaves shaping position limits rule to Trump administration

Posted: 06 Dec 2016 07:15 AM PST

By Andrew Ackerman and Alexander Osipovich
The Wall Street Journal
Tuesday, December 6, 2016

WASHINGTON -- U.S. regulators failed to put the finishing touches on a much-debated, long-delayed rule to limit speculation in commodities like oil and gold, opting instead to propose a scaled-back version that leaves its outcome in the hands of the Trump administration.

The Commodity Futures Trading Commission voted unanimously Monday to float, for the third time since 2011, a proposed rule that would cap the size of trading positions firms could take in more than two dozen core commodity contracts, including a variety of energy and precious-metals commodities, to curb any one trader's influence.

The move punts a decision on the rule's final contours to the Trump administration, which has pledged to dismantle the Dodd-Frank financial law that authorized the restrictions.

"I did not want to finalize a rule that next year the commission would choose not to defend or implement," CFTC Chairman Timothy Massad said on a call with reporters.

Specifically, the latest proposal would restrict a firm from owning more than the equivalent of 25 percent of a commodity's estimated "deliverable supply" in a given month. In some cases, however, it would effectively raise the position limits because it would increase the estimated supply of the commodities. Monday's version also gives traders more leeway than prior iterations of the measure if they are managing business risks. ...

... For the remainder of the report:

http://www.wsj.com/articles/cftc-to-repropose-position-limit-rules-14809...



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

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

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

Taylor cited the company's announcement here:

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



Help keep GATA going

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

http://www.gata.org

To contribute to GATA, please visit:

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

Can Silver Pull Gold Higher?

Posted: 06 Dec 2016 07:02 AM PST

Although Comex Gold offered no similar encouragement, March Silver's rally on Monday was strongly impulsive, implying as it has that the futures are a decent bet to reach the 17.295 target within the next 2-3 days. Moreover, if buyers are able to push this vehicle just a nickel or so higher overnight, that would significantly shorten the odds the target will be achieved, perhaps as early as Tuesday night. A move above the red line is key, however, especially with gold futures in a funk. For your information, I have lower targets outstanding for Feb Gold, the most immediate of which lies at 1149.40.

Avery Goodman: What happened to gold and the dollar after Italy's 'no' vote?

Posted: 06 Dec 2016 05:16 AM PST

By Avery Goodman
Tuesday, December 6, 2016

If natural market forces were permitted to run free, naive folks would win the game. Insiders with deep connections to the status quo would lose a fortune. Independent gambling speculators would make a killing at the expense of well-connected casino operators (that is, derivative-issuing bankers). I cannot imagine what possesses otherwise intelligent people to believe that it would ever be allowed. Was anyone naive enough to expect anything other than a major intervention by central planners?

There are always ridiculous excuses given. From technical analysis, to astrology, to Elliott waves, it is all nonsense. What we saw was pure market manipulation and nothing but that. When you see the euro rise when it should fall, you can bet that two institutions are involved. I am talking about the European Central Bank and the Bank of International Settlements. I didn't mention the U.S. Treasury or the Federal Reserve. No doubt they had some peripheral involvement as they always do, but mostly they were probably observers.

European institutions have the kind of open, obvious, and blatant disregard for honest markets that no equally corrupt American institution could ever get away with. In fact, the BIS has gone as far as touting its gold and currency manipulation prowess. For example, in 2008 it issued a brochure for consumption by central bank policy-makers and on Page 17 it advertised that "our products" include "Gold & Forex Services -- Interventions":

http://www.gata.org/node/11012

In other words, they blatantly offered to rig gold and currencies upon request. This document came to light only by virtue of the hardworking and ever-watchful sleuths at GATA. ...

... For the remainder of the commentary:

http://averybgoodman.com/myblog/2016/12/05/what-happened-to-gold-the-us-...



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-...



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Gold Investing Hits 5-Year High on 2017 Risks

Posted: 06 Dec 2016 05:13 AM PST

Bullion Vault

THE Gold Play for 2017

Posted: 06 Dec 2016 03:33 AM PST

I'll keep this short... The Trump gold rally begins on January 20th, 2017.

Breaking News And Best Of The Web

Posted: 06 Dec 2016 01:37 AM PST

Renzi loses Italian vote, populist parties energized. Euro rebounds, gold drops and US stocks pop. Austria chooses Green over far-right candidate for president. 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 shape, with mostly old and a few […]

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

Top Ten Videos — December 6

Posted: 05 Dec 2016 04:01 PM PST

The end of globalization and dawn of the “fake news” era. Bernie Sanders and Thomas Frank on why the Democrats lost. What’s next for gold (good things of course).                       

The post Top Ten Videos — December 6 appeared first on DollarCollapse.com.

Major Royalty Companies Are Good Buys Now

Posted: 05 Dec 2016 12:00 AM PST

Adrian Day reviews recent results at some of his favorite gold and silver royalty and streaming companies and asserts that they represent, as a group, the lowest risk way to gain exposure to the sector.

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