Gold World News Flash |
- Gold to Explode After Second Rate Hike
- Farage warns Trump: Don't let America become like Brussels
- Venezuela is Getting Worse; Are the Bankers Set to Bring The Economic Collapse to the US?
- Financial Collapse -- International banks planning to leave Britain
- A Masonic Prophecy Hidden In Plane Site
- Alasdair Macleod: Why Europe must end in tears
- Jan Skoyles: Why Islamic standards for gold investment will increase offtake of metal
- Avery Goodman: The mysterious case of 186 tonnes of missing gold
- TF Metals Report: Case closed -- The fact of bullion bank gold and silver price manipulation
- GOV Shutdown Preparations for Big METEOR at DEC 2016 NIBIRU PLANET-X IS REAL
- The Path Forward -- David Duke
- Silver Demand Ready To Explode
- Documents Prove Massive Rigging in Silver Market: “Far Surpasses the Conspiracy Alleged Earlier”
- Gold Daily and Silver Weekly Charts - 'Smoking Gun' In Bank Silver Rigging
- Hyper-Inflation Complete Demise Dollar Coming-John Williams
- Gold Seeker Closing Report: Gold and Silver End Slightly Lower While Dollar Jumps
- Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold
- Pizzagate Is An Alt-Right Fever Dream - Stephen Colbert's Hit Piece on #Pizzagate Fake News
- Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold
- Agenda 2030 : I OWN NOTHING, HAVE NO PRIVACY AND LIFE HAS NEVER BEEN BETTER.
- CASE CLOSED: The Fact of Bullion Bank Gold and Silver Price Manipulation
- The Shocking Prophecy for America by Elder St. Paisius the Athonite
- How to Trigger a Silver Avalanche by a Pebble: “Smash(ed) it Good”
- Trumponomics Will Collapse Under a Mountain of Debt
- Allan Flynn: CFTC and Justice Dept. could find nothing wrong in silver market
- Gold doing well in currencies besides dollar, Naylor-Leyland notes on CNBC
- Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold
- Bank of England shows off its gold vault again, but to whom does the metal really belong?
- Gold Versus Dollar Devaluations
- Deutsche Bank records said to show silver rigging at other banks
- Crude Oil and Gold, Silver Precious Metals Link
- Protectionist Trump Policies To Crash Dollar, Gold and Bitcoin to Soar
- As Europe’s Financial System Fails, Gold Will Rise
- Breaking News And Best Of The Web
- Gold to Explode After Second Rate Hike
- Turkey Maneuvers to Escape Its Dollar Trap
| Gold to Explode After Second Rate Hike Posted: 09 Dec 2016 12:50 AM PST The Gold Report | ||||
| Farage warns Trump: Don't let America become like Brussels Posted: 08 Dec 2016 07:00 PM PST Leader behind UK vote to leave EU weighs in 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! ]]  | ||||
| Venezuela is Getting Worse; Are the Bankers Set to Bring The Economic Collapse to the US? Posted: 08 Dec 2016 06:30 PM PST The game is to take out as much population as possible by any means possible. There is no reason for this other than the games they are playing with peoples lives due to greed, control etc.... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| Financial Collapse -- International banks planning to leave Britain Posted: 08 Dec 2016 06:00 PM PST International banks planning to leave Britain Leading international banks based in Britain are planning to leave the country in order to maintain access to the European Union financial markets following the Brexit vote.The secretary general of the French stock market regulator, AMF, said... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| A Masonic Prophecy Hidden In Plane Site Posted: 08 Dec 2016 04:00 PM PST While in Denver Colorado Dan Dicks of Press For Truth documents the apocoliptic synario depicted in the artwork at the Denver International Aiport. 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! ]]  | ||||
| Alasdair Macleod: Why Europe must end in tears Posted: 08 Dec 2016 03:55 PM PST 6:55p ET Thursday, December 8, 2016 Dear Friend of GATA and Gold: GoldMoney research director Alasdair Macleod today criticizes the Bank of England for blaming its policy failures on everything but their true causes: the bank's own constant interventions in and interference with markets. Macleod's commentary is headlined "Why Europe Must End in Tears" and it's posted at GoldMoney here: https://wealth.goldmoney.com/why-europe-must-end-in-tears?gmrefcode=gata CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Golden Predator Finds New Veins of up to 30.8 g/t Gold; Company Announcement 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: To contribute to GATA, please visit: | ||||
| Jan Skoyles: Why Islamic standards for gold investment will increase offtake of metal Posted: 08 Dec 2016 03:23 PM PST 6:22p ET Thursday, December 8, 2016 Dear Friend of GATA and Gold: GoldCore's Jan Skoyles explains today why the new Islamic standards for gold investment are likely to increase demand for real metal. Her commentary is headlined "Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market" and it's posted at GoldCore here: http://www.goldcore.com/us/gold-blog/shariah-gold-standard-approved-2-tr... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sandspring Resources Commences 2016 Exploration Campaign Company Announcement 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: To contribute to GATA, please visit: | ||||
| Avery Goodman: The mysterious case of 186 tonnes of missing gold Posted: 08 Dec 2016 03:17 PM PST By Avery B. Goodman The British Office for National Statistics just admitted that it miscalculated British imports by some L6 billion pounds sterling! Guess what they missed. That's right. What else? You guessed right: gold: http://www.gata.org/node/16984 It always seems to be gold. Hmmm. ... Anyway, it depends on the exact day each ounce of gold was imported, but generally speaking, that money adds up to about 186 tonnes of gold bullion. The uncertainties of Brexit seem to have caused a massive surge in gold demand in a very short time. It's a huge amount of gold, and it compounds the point I have been making for a long time. World gold demand far outstrips supply. ... ... For the remainder of the commentary: http://averybgoodman.com/myblog/2016/12/08/oops-british-bureaucrats-miss... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; 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: To contribute to GATA, please visit: | ||||
| TF Metals Report: Case closed -- The fact of bullion bank gold and silver price manipulation Posted: 08 Dec 2016 03:05 PM PST 6:08p ET Thursday, December 8, 2016 Dear Friend of GATA and Gold: The TF Metals Report predicts today that Deutsche Bank's exposure this week of the vast collusion among bullion banks in rigging the silver market will cause smaller bullion banks to exit the sector to avoid liability, cause monetary metal mining companies to take their business away from the incriminated banks, weaken the New York Commodities Exchange and the London Bullion Market Association, the primary venues of the rigging, and move pricing toward physical markets. It's all logical, except the part about monetary metal mining companies taking intelligent action, since 99 out of 100 monetary metals mining company executives are too cowardly or oblivious to act against the destruction of their shareholders' equity. The TF Metals Report's analysis is headlined "Case Closed -- The Fact of Bullion Bank Gold and Silver Price Manipulation" and it's posted here: http://www.tfmetalsreport.com/blog/8034/case-closed-fact-bullion-bank-go... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Market Analyst Fabrice Taylor Expects K92 Shares to Rise 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: To contribute to GATA, please visit: | ||||
| GOV Shutdown Preparations for Big METEOR at DEC 2016 NIBIRU PLANET-X IS REAL Posted: 08 Dec 2016 03:00 PM PST TV News exposes NIBIRU PLANET-X! Important News!! How to survive on 2016/2017 event! Gold Tips! Very important Information! Please take a look and Share... 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://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| The Path Forward -- David Duke Posted: 08 Dec 2016 02:30 PM PST Jeff Rense & David Duke - The Path Forward Clip from December 07, 2016 - guest David Duke on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| Silver Demand Ready To Explode Posted: 08 Dec 2016 02:12 PM PST Miles Franklin | ||||
| Documents Prove Massive Rigging in Silver Market: “Far Surpasses the Conspiracy Alleged Earlier” Posted: 08 Dec 2016 01:51 PM PST ShtfPlan | ||||
| Gold Daily and Silver Weekly Charts - 'Smoking Gun' In Bank Silver Rigging Posted: 08 Dec 2016 01:31 PM PST | ||||
| Hyper-Inflation Complete Demise Dollar Coming-John Williams Posted: 08 Dec 2016 01:30 PM PST Economist john Williams has a dire warning amidst all the record highs in the markets. Williams predicts, ""Unless the long term solvency of the U.S. Treasury bonds can be addressed, there's no hope of avoiding a hyper-inflation and the complete demise of the dollar. In that case, gold will... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| Gold Seeker Closing Report: Gold and Silver End Slightly Lower While Dollar Jumps Posted: 08 Dec 2016 01:22 PM PST Gold edged up to $1177.99 by a little before 8AM EST before it fell back to $1169.29 in the next hour of trade and then chopped back higher at times, but it still ended with a loss of 0.19%. Silver slipped to as low as $16.961 and ended with a loss of 0.64%. | ||||
| Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold Posted: 08 Dec 2016 01:14 PM PST ECB Chairman Mario Draghi's announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the following chart illustrates, the euro has been declining since 2008, with the descent accelerating lately. | ||||
| Pizzagate Is An Alt-Right Fever Dream - Stephen Colbert's Hit Piece on #Pizzagate Fake News Posted: 08 Dec 2016 12:41 PM PST Pizzagate Is An Alt-Right Fever Dream - Stephen Colbert's Hit Piece on #Pizzagate Fake News For the record, Stephen Colbert has no part in this fake conspiracy. At least that's what 'they' want him to say. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold Posted: 08 Dec 2016 11:39 AM PST ECB Chairman Mario Draghi's announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the following chart illustrates, the euro has been declining since 2008, with the […] The post Euro Devaluation Accelerates – Millions Of Europeans Wishing They'd Bought Gold appeared first on DollarCollapse.com. | ||||
| Agenda 2030 : I OWN NOTHING, HAVE NO PRIVACY AND LIFE HAS NEVER BEEN BETTER. Posted: 08 Dec 2016 11:30 AM PST Welcome to the nightmare of your new life of the NWO Satan approved 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! ]]  | ||||
| CASE CLOSED: The Fact of Bullion Bank Gold and Silver Price Manipulation Posted: 08 Dec 2016 10:53 AM PST Back in April, the Cartel Shills and Apologists attempted to minimize the news that a settlement had been reached regarding a "nuisance lawsuit" alleging price rigging in gold and silver. As we told you at the time and on many occasions since, this case is instead quite significant and very important. The latest update on the case, released late yesterday, sheds more light upon what we've always known was taking place behind the scenes in the "free and fair precious metals markets". | ||||
| The Shocking Prophecy for America by Elder St. Paisius the Athonite Posted: 08 Dec 2016 10:30 AM PST The Shocking Prophecy of Elder Paisius for America by St. Paisius the Athonite during discussion after Holy Liturgy. 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://bobchapman.blogspot.com for full links, other content, and more! ]]  | ||||
| How to Trigger a Silver Avalanche by a Pebble: “Smash(ed) it Good” Posted: 08 Dec 2016 09:12 AM PST Assuming the transcripts submitted are accepted and plaintiffs are permitted to file their Third Amended Complaint, the possible pending "avalanche" of settlements in silver lawsuits will speak volumes for the investigative prowess of the CFTC and the DOJ, both of which were commissioned to investigate long running allegations of silver and precious metals market manipulation over recent years, and came up completely empty. | ||||
| Trumponomics Will Collapse Under a Mountain of Debt Posted: 08 Dec 2016 09:04 AM PST This post Trumponomics Will Collapse Under a Mountain of Debt 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.] 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. What is going to stop Trumponomics cold is debt — roughly $64 trillion of it. That’s what is crushing the American economy, and until the mechanics of its relentless growth are stopped and reversed, the odds of achieving and sustaining the 3–4% real economic growth that Trump’s economics team is yapping about is somewhere between slim and none. Here’s the newsflash. The nation’s monumental debt problem wasn’t newly created by the Obama Administration or the fact that Nancy Pelosi never met a spending program she couldn’t embrace. The last eight years have surely made the problem far worse and the Democrats are culpable without question. But quite frankly the debt problem is a thoroughly bipartisan creation that is completely immune to the fact that the White House and both sides of Capitol Hill are now under GOP control. In fact, the nation’s debt affliction actually goes back to August 1971 when Nixon closed the gold window and launched the world on the current destructive experiment with massive central bank driven credit expansion. However, it was after 1980 that the wraps really started coming off the debt monster that was spawned by the world’s unshackled central banks. In that context, Paul Volcker was the last honest central banker, and with Ronald Reagan’s acquiescence he did break the back of the virulent commodity and consumer goods inflation that had been unleashed by his immediate predecessors during the 1970s. Yet Volcker’s great handiwork was for naught because of two other developments — the breakdown of fiscal rectitude and the final destruction of sound money by Alan Greenspan — that also occurred on the Gipper’s watch. In fact, the gigantic Reagan deficits — which nearly tripled the national debt from $930 billion to $2.7 trillion during his eight years in office — is exactly what led Greenspan to crank up the printing press at the Fed after the stock market crash in October 1987. What was happening at that moment is that a recovering economy was smashing up against Uncle Sam’s massive borrowing requirements, causing private investment to be “crowded out”. Consequently, interest rates rose sharply — resulting in a 15% drop in the price of the 30-year Treasury bond within a matter of months. That was one of the precipitating causes of the 25% crash of the stock market in late October, but the market was never allowed to purge itself. Instead, Greenspan and his successors embraced Keynesian central banking, thereby creating a temporary parking lot for the nation’s soaring public debt on the balance sheet of the Fed and other central banks. So doing, the reign of Greenspan/Bernanke/Yellen delayed the day of fiscal reckoning by approximately three decades, and, in the interim, fueled an unsustainable economic expansion built on the back of cheap debt and drastically inflated financial asset prices. Total U.S. public and private debt outstanding in Q4 1980 amounted to just $4.8 trillion or slightly more than 150% of the $3.0 trillion level of GDP. Since then, total debt has exploded to nearly $64 trillion or 13X. It now stands at 350% of GDP, meaning that these two extra turns of debt (3.5X vs. 1.5X) amount to $35 trillion and constitute a giant economic millstone on the American economy. Accordingly, there is not a snowballs chance in the hot place that policies designed to pile still more debt on top of the mountains we already have can rejuvenate the U.S. economy. The key to recovery is firing the debt addicted money printers at the Fed, not passing the baton to fiscal stimulators on Capitol Hill. Yet the latter is about all Trumponomics amounts to — at least as currently presented by the president-elect’s economic advisors. Indeed, notwithstanding all of the candidate’s raging about “draining the swamp” the only Federal programs he talked about on the campaign trail where the ones he intends to increase or to protect from the budgetary sword. Trump has already put $3.6 trillion of the fiscal year (FY) 2018 budget off limits for cuts, including Social Security, Medicare, veterans, defense and law/border enforcement. Including interest on the $20 trillion national debt, that’s 86% of the baseline total and it’s before he adds trillions more for defense, veterans, the Wall and border enforcement and his vaunted infrastructure program. At the same time, Federal revenues have already hit the flat-line. Collections for the full year of FY 2016 rose by just $18 billion (0.6%) to $3.267 trillion; and actually declined at an $80 billion or 2% annualized rate during the last two quarters of the year ending in September. So unless economic growth and revenue collection pick up almost instantly, the implied FY 2018 baseline deficit for the Trump Administration could be as high as $930 billion. And that’s assuming no further slippage in revenues or outright recession during the next two years. It’s the giant skunk in the woodpile which rebukes the whole fantastic notion currently animating the Wall Street casino that Trumponomics will unleash a powerful wave of fiscal stimulus via tax cuts and infrastructure/defense/veterans/border spending. No it won’t. The GOP’s Tea Party/Freedom caucus wing will demand “payfors.” The newly aroused bond vigilantes will extract higher interest rates. Uncle Sam’s towering $20 trillion debt ceiling, which expires in March, will delay action for months. There is no chance whatsoever of a clean, immediate fiscal shock to the moribund U.S. economy fantasized by the Wall Street bulls. Likewise, there will be no clean and reliable hand-off of the fiscal baton to a new agent of stimulus on Capitol Hill. What that means, in turn, is that the U.S. economy will slip into recession sometime during 2017. The truth is, the implicit budgetary math of Wall Street’s current fiscal stimulus fantasy is prohibitive — to say nothing of the Capitol Hill politics and a financial market populated by reawakened bond vigilantes. The Congressional Budget Office (CBO) baseline assumed that Federal revenue would grow by 10% over the next two years to $3.6 trillion in FY 2018 and keep on climbing robustly to $5 trillion over the following eight years. Even then, cumulative deficits totaled $9 trillion and the public debt would have been close to $30 trillion by 2026. But nothing close to that can happen under conditions of Peak Debt. Then throw-in $6 trillion of tax cuts, $1 trillion more for defense and infrastructure each and all the “dynamic revenue feedback you want from tax cuts and other Trump Administration growth initiatives. Still, you end up with a public debt total — at least on paper — of $35–40 trillion by the middle of the next decade. Needless to say, it will never come to that. The Imperial City will collapse in smoldering political ruins long before. So here’s the problem in a nutshell. Donald Trump does not have the freedom to pursue huge deficit-financed tax cuts like Reagan did. After 35 years of pretending deficits don’t matter in the Imperial City, there is no fiscal headroom left. None. Likewise, after three decades of pretending that there will always be another stimulus or bailout from the Fed or the Washington fiscal authorities, Wall Street has now been left high and dry. The Fed is out of dry powder and Trumponomics won’t get to first base. The Trump Reflation Trade has presented investors with a gift — an opportunity to get out of the casino unscathed before the real carnage begins. Regards, David Stockman The post Trumponomics Will Collapse Under a Mountain of Debt appeared first on Daily Reckoning. | ||||
| Allan Flynn: CFTC and Justice Dept. could find nothing wrong in silver market Posted: 08 Dec 2016 08:54 AM PST 11:50a ET Thursday, December 8, 2016 Dear Friend of GATA and Gold: Gold researcher Allan Flynn today reviews some pretty telling details of the new evidence filed in the silver market rigging class-action lawsuit -- http://www.gata.org/files/SilverFixingCaseFiling-12-07-2016.pdf -- and he notes how the U.S. Commodity Futures Trading Commission for years has been denying emphatically that anything improper was happening in that market. Flynn writes: "The CFTC proudly announced in September 2013 that they had spent five years and seven thousand enforcement hours investigating complaints of manipulation in the silver market, with assistance by the commission's Division of Market Oversight, the commission's Office of Chief Economist, and outside experts, yet found nothing. "The Department of Justice's Antitrust Division was so confident of its investigation of collusion in precious metals that it went to the extraordinary length in January this year of providing a letter to silver and gold lawsuit defendants advising that it had had closed its investigation without findings of wrongdoing." Flynn's report is headlined "How to Trigger a Silver Avalanche by a Pebble: 'Smash(ed) it Good'" and it's posted at his internet site, Comex, We Have a Problem, here: http://comexwehaveaproblem.blogspot.com.br/2016/12/how-to-trigger-silver... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Canadian Government Issues Key Water License Company Announcement 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: To contribute to GATA, please visit: | ||||
| Gold doing well in currencies besides dollar, Naylor-Leyland notes on CNBC Posted: 08 Dec 2016 08:11 AM PST 11:10a ET Thursday, December 8, 2016 Dear Friend of GATA and Gold: Gold advocate Ned Naylor-Leyland, now managing Old Mutual's gold and silver fund, was interviewed today by Bernie Lo on CNBC's "Squawk Box" program in Hong Kong and remarked that while the gold price in U.S. dollars has been down, gold is commanding premiums in many other currencies, including the British pound. A two-minute excerpt from the interview can be seen at CNBC here: http://video.cnbc.com/gallery/?video=3000572847&play=1 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Golden Predator Finds New Veins of up to 30.8 g/t Gold; Company Announcement 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: To contribute to GATA, please visit: | ||||
| Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold Posted: 08 Dec 2016 08:04 AM PST ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the following chart illustrates, the euro has been declining since 2008, with the descent accelerating lately. | ||||
| Bank of England shows off its gold vault again, but to whom does the metal really belong? Posted: 08 Dec 2016 07:58 AM PST Prince Charles doesn't seem to have asked. * * * Can I Take One of These Home? Prince Charles Is Shown Bank of England's Vaults Where 400,000 Gold Bars Worth L100 Billion Are Stored By Rebecca English As jokes go it probably wasn't the most tactful, but at least it tickled Prince Charles. On a royal visit to the Bank of England today, Governor Mark Carney told the heir to throne as he sat down with a group of deputies in his historic office for a private briefing: "A tremendous amount of mistakes have been made at this table!" The prince's tour came at the personal invitation of Mr. Carney, who visited him at Clarence House in February. The aim of the visit was, ostensibly, to "recognise and celebrate the bank's mission to promote the good of the people of the UK by maintaining monetary and financial stability." During his tour of the building Charles was given a private viewing of more than L100 billion worth of gold. ... ... For the remainder of the report, with lots of photographs of the prince with gold bars: http://www.dailymail.co.uk/news/article-4010724/Prince-Charles-shown-Ban... ADVERTISEMENT Sandspring Resources Commences 2016 Exploration Campaign Company Announcement 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: To contribute to GATA, please visit: | ||||
| Gold Versus Dollar Devaluations Posted: 08 Dec 2016 07:50 AM PST President Nixon "temporarily" severed the weak link between gold and the U. S. dollar in 1971. The link is still severed. The economic well-being for most people and the sound dollar have suffered. The dollar is no longer described as "good as gold" as it was 60 years ago. Today we deal with mini-dollars and $ trillions instead of $ billions. | ||||
| Deutsche Bank records said to show silver rigging at other banks Posted: 08 Dec 2016 07:40 AM PST By David Glovin and Edward Pettersson Eight months after Deutsche Bank AG settled a lawsuit claiming it manipulated gold and silver prices, documents it disclosed as part of the accord provide "smoking gun" proof that UBS Group, HSBC Holdings, Bank of Nova Scotia, and other firms rigged the silver market, plaintiffs claim. The allegation came in a filing today in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts. According to the plaintiffs, records surrendered by Deutsche Bank show traders and submitters coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers, and using illegal strategies to rig prices. "Plaintiffs are now able to plead with direct, 'smoking gun' evidence," including secret electronic chats involving silver traders and submitters across a number of financial institutions, a multi-year, well-coordinated, and wide-ranging conspiracy to rig the prices," the plaintiffs said in their filing. The new scheme "far surpasses the conspiracy alleged earlier." The plaintiffs are seeking permission to file a new complaint with the additional allegations. Their proposed complaint broadens the case beyond the four banks initially sued to include claims against units of Barclays, BNP Paribas Fortis, Standard Chartered, and Bank of America Corp. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2016-12-08/deutsche-bank-records... ... For Wednesday's memorandum filed with the court by the plaintiffs: http://www.gata.org/files/SilverFixingCaseFiling-12-07-2016.pdf ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; 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: To contribute to GATA, please visit:
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| Crude Oil and Gold, Silver Precious Metals Link Posted: 08 Dec 2016 06:54 AM PST Trading position (short-term; our opinion): Short positions (with a stop-loss order at $54.51 and initial downside target at $45.43) are justified from the risk/reward perspective. On Tuesday, crude oil moved lower and lost 1.66% after data showed that OPEC production rose to about 34.2 million barrels per day in Nov, hitting another record high. In this environment, light crude slipped under $51 and approached the barrier of $50, and thus the short position that we had opened early during yesterday’s session were already profitable at its end. Will we see a drop below the key $50 level in the coming days? | ||||
| Protectionist Trump Policies To Crash Dollar, Gold and Bitcoin to Soar Posted: 08 Dec 2016 06:28 AM PST Many people seem to think Trump is going to “fix” the US by invoking the isolationist, nationalist, and oft failed economic policy of protectionism. But, as Ludwig von Mises put it in Nation, State and Economy, “From the purely economic point of view nothing speaks against free trade and everything against protectionism.” In other words, there is no economic argument in favor of protectionism. It is not a viable economic policy. | ||||
| As Europe’s Financial System Fails, Gold Will Rise Posted: 08 Dec 2016 02:49 AM PST As Europe's Financial System Fails, Gold Will Rise | ||||
| Breaking News And Best Of The Web Posted: 08 Dec 2016 01:37 AM PST The ECB ramps up QE, the euro plunges, euro-bond yields rise. Italian government begins bailing out banks. US stocks jump to record highs, gold gives back yesterday’s gains. Signs of stress abound, including state and local pensions, auto sales, restaurant receipts. Incoming Treasury secretary hints at introducing 100-year Treasury bonds. India’s war on cash extends […] The post Breaking News And Best Of The Web appeared first on DollarCollapse.com. | ||||
| Gold to Explode After Second Rate Hike Posted: 08 Dec 2016 12:00 AM PST Daniel Ameduri, founder of the Wealth Research Group, traces the correlation between Fed rate hikes and the trajectory of the gold markets, predicting a long-term bullish period for the precious metal. | ||||
| Turkey Maneuvers to Escape Its Dollar Trap Posted: 07 Dec 2016 04:00 PM PST In Turkey, patriotism appears to be running deeper than a profit motive. A number of major Turkish companies in the past few days have announced that they will heed President Recep Tayyip Erdogan's behest announced Friday to convert... |
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