Saturday, February 18, 2017

Gold World News Flash

Gold World News Flash


Fake News Nazi Hunters

Posted: 17 Feb 2017 10:30 PM PST

 Faith Goldy says the Media Party came to TheRebel.media's free speech rally to hunt for "Nazis." They didn't find any, so Faith wants to help them out... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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

China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors

Posted: 17 Feb 2017 08:58 PM PST

Mike Gleason (Money Metals Exchange): It is my great privilege to be joined now by James Rickards. Mr. Rickards is editor of Strategic Intelligence, a monthly newsletter, and Director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He's also the author of several bestselling books including The Death of Money, Currency Wars, The New Case for Gold, and now his latest book The Road To Ruin. Jim is a portfolio manager, lawyer, and renowned economist having been interviewed by CNBC, the BBC, Bloomberg, Fox News, and CNN, just to name a few. Jim, we really appreciate your time and welcome back. It's great to have you on again.

Visualizing Gold's Value And Rarity

Posted: 17 Feb 2017 07:05 PM PST

Since Ancient times, Visual Capitalist's Jeff Desjardins explains, gold has served a very unique function in society.

Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth, and a store of value.

Visualizing Gold’s Value and Rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

The following 11 images help to capture this about gold, putting things into better perspective.

1. The U.S. median income, as a gold cube, easily fits in the palm of your hand.

U.S. Median Income as a Gold Cube

2. A gold cube worth $1 million, has sides that are 2/3 the length of a typical banknote.

One Million Dollars as a Gold Cube

3. All gold used for electrical connections in the Columbia Space Shuttle would be worth $1.6 million today.

All the Gold in the Columbia Space Shuttle in a Cube

4. Trump’s entire fortune of $3.7 billion as a gold cube would be shorter than Trump himself.

Donald Trump's fortune in a Gold Cube

5. As a gold cube, the entire value of the Bitcoin market would fit in a hallway.

The Bitcoin Market's Value as a Gold Cube

6. The fortune of the richest man on Earth, Bill Gates, would take up a single traffic lane.

Bill Gates' Wealth as a Gold Cube

7. The world’s entire annual production of gold is just a 5.5m sided (18 ft) cube.

Annual Gold Production a Gold Cube

8. Take the 147.3 million oz of gold out of Fort Knox, and it’s only slightly bigger.

All the Gold in Fort Knox Visualized as a Cube

9. All gold held by the Central Banks pales in comparison to the Brandenburg Gate.

The World's Central Banks Holdings as a Gold Cube

10. All gold mined in human history is dwarfed by the Statue of Liberty.

All Gold Mined in Human History Visualized as a Cube

11. To pay off $63 trillion of global sovereign debt, you’d need a gold cube the size of a building.

All Global Debt Visualized as a Gold Cube data-recalc-dims=

Liked our visualizations of gold cubes? Check out this motion graphic video that shows how much money has been created by humans.

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.

London bullion banks will pretend to be transparent next week

Posted: 17 Feb 2017 06:34 PM PST

Banks to Test London Gold-Trading Platform in Transparency Push

By Eddie Van Der Walt
Bloomberg News
Friday, February 17, 2017

Some banks will start testing a new bullion-trading platform next week as part of the London Bullion Market Association's push to make the city's over-the-counter market more modern and transparent.

Several banks will be asked to input mock trades into the platform built by Autilla Inc. which will then feed into a new trade data repository developed by Boat Services Ltd., Autilla Chief Executive Officer Mike Greenacre said. Testing may take up to four weeks and the platform may start around late March. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-02-17/banks-to-test-london-...



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K92 Mining Drills Multiple High-Grade Gold Intersections

Company Announcement
Friday, January 27, 2017

K92 Mining Inc. (TSXV–KNT) announces the latest results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine in Papua New Guinea. K92 is ramping up the Kainantu gold mine toward commercial production, with its longest continuous production run to date now commenced.

In September 2016 K92 began a campaign of close-spaced underground diamond drilling as part of a comprehensive grade-control strategy. The current grade-control drilling program is focused on the areas of Irumafimpa and is designed to bring a high degree of confidence to the production planning and scheduling. K92 plans to mine this area in the coming six months. The closed-space drilling pattern of approximately 15 metres by 15 meters has significantly increased the confidence in this sparsely drilled area, with most holes recording high-grade intersections. Approximately 80 percent of the holes completed to date have recorded multiple high-grade intersections indicating the presence of multiple parallel to sub parallel high-grade veins. ...

... For the remainder of the announcement:

http://www.k92mining.com/2017/01/k92-drills-multiple-high-grade-gold-int...



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Kyrgyzstan's Central Bank Urges Citizens To Own Gold

Posted: 17 Feb 2017 05:25 PM PST

"Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings," Kyrgyzstan’s Central Bank Governor Tolkunbek Abdygulov said, "I’ll try to turn the dream into reality faster."

A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold. As Bloomberg reports,

One of the first post-Soviet republics to adopt a new currency and let it trade freely, Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export.

 

In the two years that the central bank has offered bars directly to the population, about 140 kilograms of bullion have been sold, Abdygulov, 40, said by phone from the capital, Bishkek.

 

“We are hopeful that our country’s population will learn to diversify its savings into assets that are more liquid and -- more importantly -- capable of retaining their value,” he said. In rural areas, cattle is still the asset of choice for investors and savers, according to Abdygulov.

 

What makes Kyrgyzstan unique is the central bank’s effort to win converts by providing infrastructure for safe-keeping and investment. The central bank produces bars of different sizes, varying in weight from 1 to 100 grams.

 

The central bank governor believes his plan is realistic, even though it means the population would own about 600 tons of gold, equivalent to 30 times the nation’s current annual output. Abdygulov declined to specify the timeframe for when his goal of 100 grams per person can be met.

 

 

“For Kyrgyzstan, gold is an alternative instrument of investment,” Abdygulov said. “The National Bank has ensured liquidity for gold -- we aren’t only selling, but also buying back gold bars that we produced and sold.”

These somewhat blasphemous words from a central banker echo the thoughts of no lesser elite than Alan Greenspan...

TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can macth it.

GREENSPAN: ...remember, we had that first tapering discussion, we got a very strong market response. And then we reassured everybody to have no -- remember, tapering is still (audio gap) of an agreement that the central banks have made -- European central banks, I believe -- about allocating their gold sales which occurred when gold prices were falling down (audio gap) has been renewed this year with a statement that gold serves a very important place in monetary reserves.

And the question is, why do central banks put money into an asset which has no rate of return, but cost of storage and insurance and everything else like that, why are they doing that? If you look at the data with a very few exceptions, all of the developed countries have gold reserves. Why?

TETT: I imagine right now, it's because of a question mark hanging over the value of fiat currency, the credibility going forward.

GREENSPAN: Well, that's what I'm getting at. Every time you get some really serious questions, the 50 percent of the gold price determination begins to move.

TETT: Right.

GREENSPAN: And I think it is fascinating and -- I don't know, is Benn Steil in the audience?

TETT: Yes.

GREENSPAN: There he is, OK. Before you read my book, go read Benn's book. The reason is, you'll find it fascinating on exactly this issue, because here you have the ultimate test at the Mount Washington Hotel in 1944 of the real intellectual debate between the -- those who wanted to an international fiat currency which was embodied in John Maynard Keynes' construct of a banker, and he was there in 1944, holding forth with all of his prestige, but couldn't counter the fact that the United States dollar was convertible into gold and that was the major draw. Everyone wanted America's gold. And I think that Benn really described that in extraordinarily useful terms, as far as I can see. Anyway, thank you.

TETT: Right. Well, I'm sure with comments like that, that will be turning you into a rock star amongst the gold bug community.

*  *  *

Of course, as a reminder, here is Ben Bernanke putting people straight on Gold...

Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week

Posted: 17 Feb 2017 01:23 PM PST

Gold edged down to $1236.60 in Asia before it bounced back to $1243.70 in London, but it then drifted back lower in New York and ended with a loss of 0.3%. Silver slipped to as low as $17.977 and ended with a loss of 0.44%.

Jim Rickards: China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors

Posted: 17 Feb 2017 01:00 PM PST

It is my great privilege to be joined now by James Rickards. Mr. Rickards is editor of Strategic Intelligence, a monthly newsletter, and Director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He's also the author of several bestselling books including The Death of Money, Currency Wars, The New Case for Gold, and now his latest book The Road To Ruin.

Rickards: This is a Rigged Financial System

Posted: 17 Feb 2017 12:41 PM PST

This post Rickards: This is a Rigged Financial System appeared first on Daily Reckoning.

[Ed. Note: Jim Rickards' latest New York Times best seller, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisisclaim your free copy here – This groundbreaking work transcends politics and the media to prepare you for the next crisis in the ice-nine lockdown.] 

To catch the first round of Jim Rickards' discussion with The Keiser Report click here.

Jim Rickards joined Max Keiser of The Keiser Report for round two of discussions covering what to expect in from the current financial system. They dig deep into what Rickards’ analysis reveals so far about Donald Trump's economic policies.

Starting out the conversation Keiser posed whether the United States is on The Road to Ruin or if Trump may offer a correction for dangerous economic policy. Jim Rickards responded, "There are two separate dimension to this. One one hand, for normal business cycles, credit cycles, economic growth – I think Trump has a lot to offer. The problem is, and this is what I talk about in my book The Road to Ruin, when you talk about financial and systemic crisis that is a different phenomenon than the normal business cycle."

"My view is that we are still set for a major financial collapse that will be worse than 2008. While that will not be Trump's fault, it will be his misfortune. It very well could happen on his watch for reasons that have nothing to do with his policies."

"When you are talking about normal macroeconomic business cycle policies: cutting taxes, less regulation, infrastructure spending – the things he is talking about. A lot of those areas are good for the economy. But none of them address the embedded problems, the systemic risks, the grotesque scale and the way that bankers have organized the system in their favor."

"I still think that the systemic risk of a major financial crisis is out there – regardless of Trump's policies."

Jim Rickards is a New York Times bestselling author of The Road to Ruin (score your FREE copy here) and economist who spent over three decades working in capital markets while in major Wall Street firms. Rickards' understands the banking and financial system well stemming from his position as the principal negotiator in 1998 for the U.S Federal Reserve's rescue of Long-Term Capital Management (LTCM). Since then Rickards' has advised various officials within the U.S intelligence community and the Pentagon.

When asked about the repeals of regulation on Wall Street Jim Rickards responded, "Dodd-Frank is an 1,100 page document. Contrast that with the original Glass-Steagall. Glass-Steagall was passed in the 1930's and separated commercial banking from investment banking – which was a very good idea. We repealed it in 1999 and only ten years later had a major financial meltdown. Glass-Steagall worked beautifully for the near seventy years that it was in place – but the law was only about 5 pages long. They are not going to be able to repeal every word of it… but remember, the bank lobbyist run Washington."

Rickards and Keiser Interview

Keiser then asked about the bestselling author's thesis on central banking policy around the world and how it has only deferred collapse of the financial system, Rickards' responded "First, a lot of what should have broken down in 2008 did not happen. My economic analysis is based on complexity analysis… What we have learned from that is that the worst thing that can happen to the system is an exponential function of scale. If you double the system, you don't double the scale."

"Right now for example, we know there is a problem with the San Andreas fault. We know that the fault could snap at any time and cause a lot of death and destruction in California. Does anybody think it would be a good idea to send engineers out and make the San Andreas fault bigger? Nobody thinks that is a good idea. We can't predict the next earthquake.”

"When you transition to looking over at the banking system, and capital markets, that's what we are doing. We're making the San Andreas fault bigger by expanding derivative books, expanding the big bank balance sheets, the overall concentration of assets, etc. There is no reason not to expect a much worse financial crisis – sooner than later."

To catch the full interview on what to expect out of the financial system with Jim Rickards on The Keiser Report click here.

If you would like to secure your FREE copy of The Road to Ruin, click here to learn more.

Thanks for reading,

Craig Wilson, @craig_wilson7
for the Daily Reckoning

The post Rickards: This is a Rigged Financial System appeared first on Daily Reckoning.

COT Gold, Silver and US Dollar Index Report - February 17, 2017

Posted: 17 Feb 2017 12:32 PM PST

COT Gold, Silver and US Dollar Index Report - February 17, 2017

Gold Stock Volume Divergence

Posted: 17 Feb 2017 10:09 AM PST

The gold miners’ stocks have blasted higher in this young new year, far outpacing the broader markets.  But surprisingly gold stocks’ trading volume has diverged from their powerful rally.  Volume has actually been waning on balance since gold stocks’ newest upleg was born in mid-December.  While volume is a complex nuanced indicator, this bullishly suggests that major gold-stock buying hasn’t even started yet. Naturally price action is the most-important technical indicator, exposing underlying supply-and-demand trends for anything.  The shares of precious-metals miners and explorers have surged this year because investor demand exceeds supply.  The capital flowing into this beaten-down sector is overwhelming the numbers of shares sellers are willing to part with, bidding up stock prices and driving their sharp rally.

Gold, Silver, US Dollar Cycles

Posted: 17 Feb 2017 10:04 AM PST

Gold is setting up for a historic rally based on my analysis.  Recent news provides further evidence that the Precious Metals and Currencies are in for a wild ride.  Just this week, news that China’s reserves fell below $3 Trillion as well as the implications that the fall to near $2T in reserves could happen before the end of 2017.  Additionally, we have recent news that the EU may be under further strain with regards to Greece, the IMF and debt.  The accumulation of Precious Metals should be on everyone’s mind as well as the potential for a breakout rally.

Gold During Reflations

Posted: 17 Feb 2017 09:54 AM PST

Reflation is coming. We argue that the recent comeback of inflation is negative for the gold market. Why should that be so? Should not inflation support gold, which is considered the inflation hedge? It is true that gold may shine during inflationary times, but a lot depends on the broader macroeconomic picture. Gold entered a bull market in the 1970s, but the U.S. economy was in a stagflation then, i.e. the combination of high inflation and sluggish economic growth. And inflation was high and accelerating. Will this scenario replay now?

David Stockman: This is Game Over

Posted: 17 Feb 2017 09:06 AM PST

This post David Stockman: This is Game Over appeared first on Daily Reckoning.

[Ed. Note: To see exactly what this former Reagan insider has to say about Trump and specifically what he believes must be done, David Stockman is sending out a copy of his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back out to any American willing to listen. To learn how to get your free copy CLICK HERE.]

David Stockman joined Yahoo Finance show The Final Round to discuss what's unfolding in the U.S capitol and what to expect from the markets and the economy going forward. As Yahoo Finance host, Jen Rogers introduced the bestselling author she remarked that the current markets are living in a "fantasy land" and that Stockman believes this environment both in government and in the markets is "complete insanity."

David Stockman is the former Office of Management and Budget Director under President Ronald Reagan, which is the office specifically responsible for producing the President's Budget. In this role he was the point person for measuring the quality and efficiency of agency programs and various policies within government. Stockman also served as a two-term Congressman followed by a tenure of Wall Street where he worked at various firms. He is now a bestselling author and has recently released his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back (learn how to score your FREE copy of this insiders look at what Trump must do in office – CLICK HERE).

To set the tone, the Yahoo Finance host Jen Rogers began by asking Stockman his take on President Trump's much discussed press conference on Thursday, February 16. Stockman remarked, "Maybe he is shooting to be the Fidel Castro of American politics – the "dear leader" who never stops talking. The problem is, this whole rally is based on talk – opium. I think it is going to be over within days, and certainly by March 15. Because that is when the Federal Reserve is going to raise interest rates, finally. They have been dithering for 96 months at the zero bound. By their Keynesian lights they are at full employment and have no choice.”

David Stockman on Donald Trump

“Second, this debt ceiling which has been in suspension for the last year goes back into effect. Suddenly people will realize that there is $200 billion of cash in the U.S Treasury and it is running out very quickly.”

“There will be a crisis this summer and by March 15th it will be evident.”

When Rogers pressed that during the Trump press conference to expect tax reform to be on the way Stockman responded, "There is no tax cut coming. Its phenomenal, it’s massive, it's a great hope, probably in some alternative world it would be a good thing to do – but he is not going to get it through Congress.”

“They were going to repeal Obamacare the first week. They're not going to get that done this year – if ever. They're going to be totally bogged down in these battles that Trump has created over the travel ban and deportations. This whole fight over the intelligence agencies and whether or not people in his campaign were communicating with the Russians.”

“This is the deep state getting even… They're not distractions, they're the heart of the problem!"

“We are sitting on $20 trillion of debt and there is $10 trillion more built in under current policy over the next decade. They can only pass a tax bill if it is roughly deemed "revenue neutral." That means they'll need big revenue sources to pay for the corporate tax rate cuts – and that says nothing of what he promised yesterday about "cuts for all" and that "every bracket and every taxpayer." Now that's four of five trillion dollars. Where is he going to get it? The only way to get it is the border adjustment tax, the VAT, and he was meeting with the retailers who were sitting around the table saying we are here to kill this thing dead because "brick and mortar America" can't stand a 20% increase in their cost of goods.”

"It is delusional to think they can get a revenue neutral tax bill through the Congress this year. Without reconciliation they are going to have a filibuster and sixty votes. To get reconciliation you need a ten year budget resolution and they can't pass it."

Donald Trump Press Conference

When asked about the comparisons of Reagan's administration and his economy to Trump and what the secular bull market that is expected to take off means, Stockman shook his head in contrarian style. "This is not the second coming of Ronald Reagan. When Reagan came in, the national debt was only $1 trillion dollars and 30% of GDP. It is now $20 trillion in national debt and 106% of GDP. Even then we had stock market crash, bond market disorder, 18% interest rates for two years. The bull market did not come until 1983-1984 but there was a horrendous downside before. I think we are in the same scenario today.”

“There is going to be a huge correction when the market figures out no Fed, no tax stimulus, their home alone and they've got the market trading at twenty six times trailing earnings and an economy that is running out of gas with headwinds coming from all over the world. It is only a matter of days before this whole thing tips over because it is basically the machines raging on headlines."

The Yahoo Finance host noted provocatively that the market is currently at all-time highs stirring Stockman to respond, "I remember well that we were at all-time highs in March 2000 before we went down 60%. We were at all-time highs in October 2007, it was an artificial market before we crashed and had a crisis. The market is assuming a massive recovery in the economy with a huge increase in earnings – those are not going to happen. Once that becomes clear there will be a huge adjustment."

When asked what sectors in the economy he liked and felt were secure given the current environment according to his forecasts he said emphatically, "Gold. Because what is going to happen is that central banks around the world are in the process of being discredited. Fiscal policy around the world is out of control. Debt everywhere in the developed world is bogging down governments into dysfunctional crisis.”

“Once the market really figures that out and that there is no stimulus left, there's nothing more that can be done either fiscally or by the money printers at the central banks – then I think it is game over.”

"It is only a matter of when we reach the inflection point, where it becomes obvious to everybody that this is artificial and there is no more stimulus. This is what they were saying in December and February of 1999, there had been an 8 year rally, it ended in a thundering crash. This is what they said in most of late 2007 and most of 2008, then suddenly – within the matter of 40 days the Russell 2000 dropped by an equivalent of 60%. The way this bubble finance works, along with central bank policy, it takes nearly 7 years on an escalator to work its way up and it takes about 7 weeks on an elevator down."

To catch Stockman’s full interview covering the economy and more on Yahoo Finance click here (starts at minute 12:49). To get your FREE copy of his latest bestseller, TRUMPED! click here to learn more.

Regards,

Craig Wilson, @craig_wilson7
for the Daily Reckoning

The post David Stockman: This is Game Over appeared first on Daily Reckoning.

Gold-Stock Volume Divergence

Posted: 17 Feb 2017 08:58 AM PST

The gold miners' stocks have blasted higher in this young new year, far outpacing the broader markets. But surprisingly gold stocks' trading volume has diverged from their powerful rally. Volume has actually been waning on balance since gold stocks' newest upleg was born in mid-December. While volume is a complex nuanced indicator, this bullishly suggests that major gold-stock buying hasn't even started yet.

Gold Paradox Recalls Bruce Lee’s Fighting (and Investing) Advice

Posted: 17 Feb 2017 07:30 AM PST

World Gold Council data released earlier this month reveal a paradox. Demand hit 4,389 tons during 2016, but mines produced only 3,236 tons. Yet despite differing supply demand fundamentals, gold prices rose by only 9%. A supply squeeze that size, should have produced far bigger price action. What gives? As with many of life's mysteries, a good place to start is with Chinese thinkers. No, not Confucius, Lao Tse, or even Sun Tzu. I am talking about Bruce Lee.

Strong Dollar, Weak Dollar, Strong Dollar, Weak...

Posted: 17 Feb 2017 07:27 AM PST

Janet Yellen concluded another FED meeting on Tuesday, in which she testified in front of Congress. Members of the Democratic party attempted to get her to come out and denounce President Trump's policies, but she instead kept to her expected "neutral" position and said nothing of the sort. Minor critiques and cautions were given to the new administration on treading lightly into any major tax reforms or cuts in government spending, but this is nothing unusual, and par for the course, no matter which party is in office.

Stocks and Gold; the Next Opportunity

Posted: 17 Feb 2017 07:24 AM PST

The bottom line is that we are approaching a point that we've awaited since last summer. That would be a top (of some kind) in the US stock market and a confirmed new bull phase in counter-cyclical gold. While everything is on track with this plan, neither of these things are confirmed yet and what we all need to do is have logical plans, but also have open minds that can subordinate bias in favor of dealing with what is. After all, that is exactly what got us here successfully in the first place.

Gold during Reflations

Posted: 17 Feb 2017 06:23 AM PST

Reflation is coming. We argue that the recent comeback of inflation is negative for the gold market. Why should that be so? Should not inflation support gold, which is considered the inflation hedge? It is true that gold may shine during inflationary times, but a lot depends on the broader macroeconomic picture. Gold entered a bull market in the 1970s, but the U.S. economy was in a stagflation then, i.e. the combination of high inflation and sluggish economic growth. And inflation was high and accelerating. Will this scenario replay now?

Every Citizen Should Own 3.5 Ounces of Gold Bullion – Central Bank

Posted: 17 Feb 2017 06:10 AM PST

gold.ie

Ronan Manly: A chink of light into London's gold vaults?

Posted: 17 Feb 2017 05:29 AM PST

8:30a ET Friday, February 17, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today examines reports that the London bullion banks plan to become more transparent and he offers a dozen criteria that real transparency would have to meet. He concludes that the banks' idea of transparency isn't transparency at all. Manly's analysis is headlined "A Chink of Light into London's Gold Vaults?" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/chink-light-londons-gold-v...

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



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Join GATA here:

Dollar Vigilante Internationalization and Investment Summit
Friday, February 24, 2017
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Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
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A Chink of Light into London’s Gold Vaults?

Posted: 17 Feb 2017 04:08 AM PST

Bullion Star

Breaking News And Best Of The Web

Posted: 17 Feb 2017 01:37 AM PST

Inflation is spiking on stronger growth, higher oil. Fed likely to raise interest rates next month. US stocks down from all-time highs, gold and silver near multi-week highs. Trump national security adviser quits under Russian cloud, labor secretary nominee withdraws under pressure. Debate over Putin and fake news intensifies.   Best Of The Web Global […]

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

Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike

Posted: 17 Feb 2017 01:17 AM PST

Inflation is coming. In fact, inflation rose at the fastest pace in four years during January. Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. This marks the sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics.

Gold Trade Note Sighted

Posted: 17 Feb 2017 12:55 AM PST

The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade Note will be easy, once the pieces are aligned and in place. This new note for usage in secure trade settlement is in the inception process. It will be structured within existing trading vehicles and platforms. The Russians and Chinese appear to be forming the basis for the payment vehicle within the oil trade. Consider it as a formal reflection of the Iran-India gold for oil trade.

Gold Is Undervalued Say Leading Fund Managers

Posted: 17 Feb 2017 12:42 AM PST

Gold is undervalued according to a record number of fund managers Last time gold was considered undervalued, the price surged BAML surveyed 175 money managers with $543 billion in assets under management 34% of investors believe protectionism is the biggest threat to markets Gold viewed as the best protectionist investment by a third of investors

Top Ten Videos — February 17

Posted: 16 Feb 2017 04:01 PM PST

The monetary roach motel, the college meltdown and gold’s inflection point.                      

The post Top Ten Videos — February 17 appeared first on DollarCollapse.com.

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