Tuesday, March 7, 2017

Gold World News Flash

Gold World News Flash


Sound Money Is Rising at the State Level

Posted: 07 Mar 2017 07:05 AM PST

Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note "dollar," then levy capital gains taxes on assets when their dollar price rises. The "gains" are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real.

Same As It Ever Was-Gold, Bitcoin, And Rapidly Changing World

Posted: 07 Mar 2017 07:00 AM PST

As both a competitor and peer of Miles Franklin in the retail bullion industry, Peter Schiff has, like myself, been a vocal Precious Metal advocate. We have differing views on the risk/reward profile of mining shares, but agree 100% about the fundamentals of; and reasons to own; physical gold and silver. Moreover, he is unquestionably, in my view, the most talented economic and political analyst in the financial blogosphere.

How Bitcoin Reached Parity With Gold

Posted: 06 Mar 2017 11:45 PM PST

Would you rather have one bitcoin, or a single ounce of gold?

As Visual Capitalist's Jeff Desjardins notes the answer used to be obvious. Even at the climax of the legendary 2013 rally, bitcoin was never able to reach unit-for-unit parity with gold.

However, since an off-year in 2014, the enigmatic cryptocurrency has steadily climbed in price to take the title of the best-performing currency in both 2015 and 2016. And today? After continuing its rally into 2017, the price of bitcoin has now passed this arbitrary, but psychologically important measure of parity with an ounce of gold.

How did we get here so fast?

Courtesy of: Visual Capitalist

 

Bitcoin: A Short History

Here are some of the most important events that have shaped the bitcoin market:

May 2010: The famous “Bitcoin Pizza” transaction takes place.
This is one of the first “real world” transactions, in which one man indirectly paid 10,000 BTC for two Papa John’s pizzas. That works out to a pretty steep price of over $6 million per pizza using today’s prices, but we are sure they were delicious. Today, May 22 is still celebrated as “Bitcoin Pizza Day” throughout the Bitcoin community.

February 2011: Bitcoin hits “dollar parity”.

October 2012: Bitpay says 1,000 merchants accept bitcoin payments.
Early adopters of the cryptocurrency included WordPress.com, Reddit, OKCupid, and The Pirate Bay.

Mar 2013: Cyprus bank bail-in.
Generally speaking, the European Debt Crisis was a major boon for bitcoin. However, this specific event really put the potential downsides of the banking system and centralized fiat currencies in the limelight.

Oct 2013: Silk Road Bust
As prices were soaring at the end of 2013, the FBI seized 26,000 BTC from Silk Road and its alleged owner, Ross Ulbricht.

Feb 2014: Mt. Gox files for bankruptcy protection
The world’s biggest exchange, which at one point controlled 70% of bitcoin transactions, was plagued with hacks and other problems. It finally went under in 2014.

Aug 2015: By this point, 160,000 merchants accept bitcoin payments

Dec 2016: Bitcoin is the world’s top performing currency for 2nd straight year
See our charts on this for 2015 and 2016.

Bitcoin’s Rise in Context

For enthusiasts and speculators that have followed the cryptocurrency since the beginning, the meteoric rise of bitcoin has been a wild ride.

However, despite the feat of reaching unit-for-unit parity with gold, it is important to take in some context.

Firstly, there are about 16.2 million BTC in circulation – and there are 5.6 billion oz of gold that have been mined throughout history. For that reason the value of the gold market is still more than 300x higher.

Next, while the value of the bitcoin market has soared exponentially since the early days, it is still only worth about $20 billion in total – this is about half of the value of the average company on the S&P 500 (~$40 billion). Compare the bitcoin market to an Apple or Google, and it seems even less extraordinary.

But for those people that follow the crypto markets closely, this above context actually represents the potential upside of the digital cryptocurrency. It means bitcoin still has lots of room to soar – and since bitcoin supply is limited and cannot be created out of thin air, there is nowhere for the price to go but up.

Sound Money Rising

Posted: 06 Mar 2017 11:01 PM PST

Guest Post From Clint Siegner, Money Metals Exchange Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note "dollar," then levy...

{This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}

Clif High Webbot Predicts : Massive Financial Shock In Early 2017

Posted: 06 Mar 2017 10:00 PM PST

Clif High Webbot 2017: Global Economic Collapse Prediction For 2017 Web Bots Predict Massive Financial Shock In Early 2017: 'Confusion, Bond Market Degradation, Crumbling Of Everything' The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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

Sound Money Is Rising at the State Level

Posted: 06 Mar 2017 09:23 PM PST

Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note "dollar," then levy capital gains taxes on assets when their dollar price rises. The "gains" are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real.

Charles Nenner -- Stock Market Will Crash Big Time in 2017

Posted: 06 Mar 2017 09:00 PM PST

Charles has been the talk of Wall Street since accurately predicting some of the biggest moves in the Markets over the past few years. His newsletter focuses on various financial Markets - Equities, Bonds, Commodities - Oil and Gold - and Currencies - Euro, Yen, Aussie Dollar, as well as Economic...

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

Prisoners Explain Why A Pack Of Mackerel Is The Gold Standard Of Currencies In America's Prisons

Posted: 06 Mar 2017 07:40 PM PST

In 2004, the U.S. banned cigarettes in all federal prisons and it was pretty much the best thing that could have happened to the packaged mackerel industry (yes, you read that correctly...the packaged fish).

So how did a smelly package of fish become the gold standard of America's federal prisons?  Well, for a variety of reasons (we'll let your imagination run wild) prisoners are not allowed to possess actual currency.  Up until 2004, they used cigarettes as their currency of choice to purchase anything from illicit goods such as stolen food and home-brewed "prison hooch," as well as services, such as shoeshines and cell cleanings.  But once cigarettes were banned, prisoners needed a replacement currency and the 'mack' was deemed to be the best choice because it was worth roughly $1 at the commissary and pretty much no one wanted to eat it.

As one prisoner notes in the Wall & Broadcast video below, the 'mack' was also "inherently inflationary" because its supply was limited to 14 macks per week per inmate....

"Mackerel had utility because it was inherently inflationary.  A certain amount of macks came into circulation every day.  Every inmate can only buy 14 mackerels per week.  14 times 500 inmates time 52 weeks is the amount of mackerels that are coming into circulation every year and that's why it was a pretty good stable value of currency."

 

"The reasons mackerel had value is because inmates believed it had value.  Perfect example of that was mackerels expire after three years. But, people didn't jut throw them away, these became known as "money macks" and retained 75% of the value of "eating macks" because people believed that they still had value and they were still being used in transactions."

...that is at least until prison guards confiscated a massive supply of macks from one prisoner and essentially flooded the market creating a hyper-inflationary environment.

"I'll never forget the day where the macks lost all their value almost overnight.  Someone had a huge amount of money macks and they got confiscated and the administration left them sitting in a bucket.  They essentially introduced hyperinflation.  They flooded the market with money macks."

Perhaps Yellen & Co. could learn a thing or two from this lesson in prison economics.

Schlichter Warns "Watch The Liberals - All They Have Left Is Lies"

Posted: 06 Mar 2017 07:15 PM PST

Via Kurt Schlichter of Townhall.com,

Suddenly the Democrats are coming out against their classic moves like cavorting with Russians to hack American elections and perjury (like you need a link), so who knows which of their foundational principles they will pull a 180 on and betray next: Climate scams? Free money for deadbeats? Jane Fonda?

But they don’t really mean it – hell, without perjury they could never testify to anything. If you want to know what the liberals are up to, just listen to the lies they are telling about conservatives. They used to be able to get away with it too, but thanks to the interwebs Al Gore invented between buffet deep dives and sweaty masseuse gropes, the political playing field for liberal liars is now covered in rakes.

Lying is what they do because that’s all they have left on the left. They have no foundational principles except power. Their entire ideology is transactional – it’s not based on ideas but on payoffs to Democrat sub-sets. Here’s some dough for the baby crunching industry! We’ll hassle some Christian bakers for the SJWs! Let’s put a bunch of cis-het males of pallor who don’t even listen to NPR out of work in West Tennetucky, or wherever they grow coal, to delight our global warming cultist pals!

But today the Democrats hold no levers of power, and they can’t dispense goodies anymore. All they can do now is howl, whine, and lie, and try to mobilize the parasites burrowed into the federal bureaucracy to undercut the will of normal Americans. They do this by falsely accusing us and those who represent us of doing exactly what they are doing and what they intend to do once Trump is ousted. Their goal is to seize power again and permanently disenfranchise us – and they are happy to take the risk of literally ripping the country apart.

The media is, of course, a willing and eager accomplice in this coordinated campaign of deception and slander. Notice how no one in the mainstream media pointed out how the Sessions perjury lie conveniently appeared simultaneously across the entire media just when the Democrats desperately needed to shift the narrative from their utter humiliation by Trump’s terrific joint address? The media hacks never mentioned it because they were part of it, the beat-boy skeletons to the David S. Pumpkins of progressivism. The left and its media’s problem, however, is that the new information reality means that they can start a controversy, but they can’t control it.

Here’s the utterly predictable pattern. Spazzy Dems freak out about some imagined atrocity by a conservative then, within a few hours, it becomes clear that the alleged offender did nothing wrong while conservatives scour the web and start showing how Democrat hacks are on record doing exactly the same thing times a zillion. That’s the key – the media can no longer guide the lie to destroy the target. The internet lets us have a say – and to grab the wheel.

Oh no, Jeff Sessions talked to a Russian then didn’t bring it up when not asked about it! Oh, we Democrats would never do that … except, thanks to us conservatives (and a President who’s willing to punch back twice as hard), here come the photos of Schumer and Ivan sharing a cup of Joe Stalin and here’s Pelosi’s partying with some Russkies after denying it and then the State Department turns out to have arranged it and FOR THE LOVE OF GAIA SOMEBODY SHUT DOWN THAT INTERNET MACHINE BECAUSE IT NEVER FORGETS!

Frankly, I don’t think Sessions should have dignified their nonsense by recusing himself. I think he should have strolled out before the cameras and said, “Hey Chuckie, I got a big, fat recusal for ya right here!”

We all kind of knew how the “Trump inspires anti-Semitic threats” meme was going to end up. Swedenpalooza was just a couple fake controversies ago and we all know how that went. Trump observes “Look at Sweden’s immigrant problem,” then the liberal media comes back with “Lies! Sweden is a herring-infused paradise of love and sharing!” at which point Sweden promptly gets on lit fire by Muslim refugees. All that’s missing was a woke, gender-fluid Viking wearing a “Flyktingar Välkommen” t-shirt blowing on a sad trombone.

Then Jewish Community Centers started getting threats and, of course, it had to be Trump supporters because fanatically pro-Israel people always threaten Jews or something. Facts, shmacts – the bogus narrative must be preserved! So Trump condemns this scummery, but also notes, “Sometimes it’s the reverse, to make people — or to make others — look bad.” Of course, the fake news media went nuts, because no hate crime has ever been a hoax except for almost all of them, so we conservatives settled down with our tea and waited for the ending we totally saw coming. And, of course – of course – as every non-Fredoriffic conservative predicted, the FBI busted the slug responsible for a bunch of the threats and it turned out to be …. wait for it!

Let’s see. Was it the conservative Trump supporter? Did he have a MAGA hat? Just like the media and the liberals would have you believe? Oh come on, we all knew it. Say it with me: “Leftist member of the media.”

Um, awkward! Hey, look on the bright side. At least this particular leftist member of the media didn’t murder anyone.

And, of course, there is the Trump the Authoritarian/Trump the New Hitler meme. Except Trump’s apparently not very good at authoritarianism, since no one seems to be being oppressed. He has a lot of policy ideas, which he openly explained to the American people in his speech, and which he will submit to Congress to be debated and voted upon before being enacted. That seems to correspond pretty closely to how I learned a bill becomes a law on Schoolhouse Rock.

Well, maybe his enforcing the duly enacted laws passed by Congress to deport illegal aliens counts as authoritarian Hitler stuff, except it seems odd that a leader who is doing what the people’s representatives passed into law instead of unilaterally deciding on his own not to do what the people’s representatives voted to do, and thereby effectively ruling by decree, is a hitlery authoritarian.

Obama unilaterally changed the immigration law by simply not enforcing it. That seems pretty undemocratic. He also seems to have tapped the communications of his political opponents and left some sleepers in the government dedicated to bringing down the new administration. Maybe I’m being fussy, but those seem super-undemocratic. Naturally, the mainstream media finds this all less disturbing than Kellyanne Conway’s Oval Office footwear.

Watch the liberals. Listen to what they say, because their lies and their slanders are a road map to their plans for the future. Straightforward from here, given the chance, they absolutely intend to impose the kind of quasi-fascist rule they falsely accuse Trump of contemplating. But their problem is that we now recognize their lies, and we see their endgame, and the collapse of the media gatekeepers means they can no longer keep us blind and isolated. So when they lie, we are going to throw their hypocrisy right back in their withered, pruny faces and there’s nothing they can do to shut us up. Sorry, you lying sacks of socialism, we’re not about to let you rip our country apart.

Q+A of Subscriber Questions – March 4, 2017

Posted: 06 Mar 2017 06:03 PM PST

Dear CIGAs, Please check out the below video of one Bill and Jim's weekly discussions posted on the JSMineset Gold Premium site (usually reserved for subscribers). It included discussion of the "why" of Monday’s attempt to hold a "Go to Meeting" review of the AGM (which was held on "Go to Meeting” Friday) when unfortunately,... Read more »

The post Q+A of Subscriber Questions – March 4, 2017 appeared first on Jim Sinclair's Mineset.

Same As It Ever Was-Gold, Bitcoin, And Rapidly Changing World

Posted: 06 Mar 2017 05:13 PM PST

Miles Franklin

Gold Seeker Closing Report: Gold and Silver Fall With Stocks Again

Posted: 06 Mar 2017 01:28 PM PST

Gold fell $9.50 to $1224.90 in early afternoon New York trade before it rebounded slightly, but it still ended with a loss of 0.68%. Silver slipped to as low as $17.703 and ended with a loss of 0.89%.

Newmont joins gold 'staking rush' in Canada's once-fabled Yukon

Posted: 06 Mar 2017 01:12 PM PST

By Nicole Mordant
Reuters
Monday, March 6, 2017

VANCOUVER, British Columbia, Canada -- Newmont Mining today became the latest of the world's biggest gold miners to invest in Canada's Yukon territory, the site of a famous gold rush 120 years ago, as miners hunt for rich, new deposits in safe regions.

U.S.-based Newmont, the world's No. 2 gold producer, unveiled an agreement with small explorer Goldstrike Resources to spend $39.5 million to explore and develop Goldstrike's Plateau property in the Yukon.

With this deal, Newmont follows moves by rivals Goldcorp Inc G.TO and Agnico Eagle Mines last year into the northwestern Canadian territory at a time when gold miners are loosening their purse strings after five years of belt-tightening when bullion prices fell. ...

... For the remainder of the report:

http://ca.reuters.com/article/businessNews/idCAKBN16D2J4



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.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

Will Shadow Banking be responsible for next Financial Crisis

Posted: 06 Mar 2017 12:50 PM PST

 Shadow Banking is an industry that has now surpassed the regular banking industry with its $71.2 trillion dollar pool which is growing.The difference between the shadow banking industry and commercial banks is that they do not take deposits. And this is where it gets really confusing:...

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

Bear raids on silver are losing force, Turk tells KWN

Posted: 06 Mar 2017 12:10 PM PST

3:13p ET Monday, March 6, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News that bear raids on silver by the market manipulators are losing force and that increasing inflation will support the monetary metals:

http://kingworldnews.com/james-turk-bear-raids-in-silver-weakening-as-bu...

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



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.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

Stockman: Wall St is Misreading Trump – Fiscal Crisis Ahead

Posted: 06 Mar 2017 08:56 AM PST

This post Stockman: Wall St is Misreading Trump – Fiscal Crisis Ahead appeared first on Daily Reckoning.

[Ed. Note: To see exactly what this former Reagan insider has to say about Trump and the fiscal threats of the debt ceiling, David Stockman is sending out a copy of his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back to any American willing to listen – before it is too late. To learn how to get your free copy CLICK HERE.]

David Stockman joined CNBC to offer a stark warning for investors that continue to follow Wall Street on a path of misreading Trump's policies while Washington is headed toward a fiscal bloodbath.

Stockman started out his fiscal warning saying, "I think that Wall Street is totally misreading Washington. It is pricing in a fantasy about a Trump stimulus that simply is not going to happen. There will be no big tax cut, there will be no $15 or $20 a share reduction in the corporate rate. Infrastructure stimulus [isn't going to happen]."

The host then prompted how Stockman knew this to which he pushed, "we are heading into a debt ceiling trap that will grind the whole system to a halt by June or July. People are forgetting that we've been on a debt ceiling holiday. That holiday ends on March 15."

Stockman Fiscal Bloodbath on Wall Street

David Stockman is the former Budget Director under President Ronald Reagan. He also served in Congress where he was a two-term Congressman representing Michigan. Following his service in the U.S government, Stockman went on to work on Wall Street. Currently he is the bestselling author of Trumped! A Nation on the Brink… And How to Bring It Back – learn how to get your FREE copy – CLICK HERE.

The CNBC host then posed that this was not a new scenario to Donald Trump. David Stockman then took the point to task noting that, "This is totally new to Donald Trump. He tweeted last weekend that he had reduced the national debt by $12 billion. It is actually up $187 billion in the first 35 days that he has been in office. The cash on the Treasury's balance sheet, and this is the key point, was $382 billion the day he was sworn in – as of last Friday it hit $178 billion and has bled $200 billion in cash."

"That's one fifth of a trillion while he didn't even have his economic team in place. When they get to March 15 and the debt ceiling freezes at $20 trillion, they'll have maybe $200 billion of cash. That is being run out at a rate of $3-5 billion a day. By June it will be gone. There is no pathway to a majority in the House or Senate to pass a debt ceiling increase in the trillions in order to make any of this stuff possible."

The Art of the Deal – Myth vs Fiscal Reality

When asked about whether Trump's negotiation tactic, The Art of the Deal, is presenting a different way of running the system than before Stockman did not hold back. He pushed, "[Trump might be doing that] But that makes it even more dangerous and reckless. This isn't an Atlantic City Casino and the junk bond market's of 1991. This is the big time – this is $20 trillion of debt. This is an environment with a House, Republican majority that doesn't exist. That's a delusion. This is an environment of a gang of factions. They're already beginning to splinter and fracture as a result of the Obamacare plan of "repeal and replace."

"They won't even get to tax reform before the debt crisis hits. We will have a government shutdown. It is totally unexpected, unpriced in, as they say by Wall Street. It will spook everybody. Trump is so reckless that this could go on for days, weeks or months in a way that we've never seen before. The 2011 with Obama will be a Sunday school picnic compared to what is likely coming down the pike."

Stockman Fiscal Bloodbath

Following the President's speech to Congress the Dow Jones along with the S&P 500 jumped in a bullish tone following the Trump policy agenda. Stockman took the speech through an entirely different approach. He noted, "The Joint Session of Congress speech from last Tuesday night was irrelevant. It was the most fiscally irresponsible speech given by a President since LBJ talked about "guns and butter." How can he possibly raise defense by $50 billion, more for Veterans, a trillion dollar or more for infrastructure, medical credits and all of the rest while cutting taxes by $3-5 trillion? This is complete madness."

Trump and Rising Markets

When asked by the CNBC host about whether it was good policy for Donald Trump to continue to take credit for the rise in the stock market Stockman took the President's mistake to task. "I think he'll rue the day he took credit. You should never predicate what you're trying to do for the long-run, as well as intended as he might be, for what the robo-machines are doing on Wall Street. The robo-machines can read words and when Trump speaks, they hit the "buy" key. They can't read the "tea leaves" in Washington because it is far more complex and opaque than the stimulus the machines are used to."

He was then asked about the 2012-2013 and the fiscal cliff worries and how they managed to raise the debt ceiling – but why a now Republican lead Congress and White House will not be able to be solve the debt dilemma? Stockman doubled down on his claim noting, "We now have a Republican president and a Republican Congress that is not about to start a bipartisan negotiation, like Obama did with former Speaker of the House Boehner. The reason that the Freedom Caucus exists today, and that the Tea Party is still half of the back bench, is because they believe they were sold out time after time. That is how they passed the debt ceiling.”

"Now Trump has declared war on the Democrats, the border, immigrants. The Democrats are not going to deliver any votes, in my view, for a debt ceiling increase unless he throws in the towel on Obamacare and border control. The politics today are three times more fragile than they were in any of the years mentioned with the fiscal cliff."

When asked on his belief that the markets would much lower and to what extent he responded, "There is a massive fantasy built in that an economy 92 months into an expansion, almost the longest in history, can suddenly get up on its hind-legs and start growing again. Profits are still down. In the last 12 months they're still about 10-12% below the peak in September 2014. I see nothing to reaccelerate the economy or profits and I see a huge bloodbath or a fiscal stalemate that will remove any of the stimulus that traders are expecting."

To listen in on the full interview with David Stockman on the fiscal bloodbath he believes is headed to Washington featured on CNBC, CLICK HERE. If you want to explore David Stockman's prescription for exactly what Trump and Washington most do to bring America back from the fiscal brink – get your FREE copy of his bestselling book TRUMPED! CLICK HERE.

Regards,

Craig Wilson, @craig_wilson7
for the Daily Reckoning

The post Stockman: Wall St is Misreading Trump – Fiscal Crisis Ahead appeared first on Daily Reckoning.

#Russia Insider : Constant Russophobic Hysteria Makes It impossible to Pursue Normal

Posted: 06 Mar 2017 08:52 AM PST

Russia is the new boogeyman. Every nation needs an enemy and if they don't have real one, they invent one. SOROS WANTS A WAR 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://www.figanews.com for full links, other content, and more! ]]

Financial Markets Have Priced in Trump Getting EVERYTHING He Wants... What If He Doesn’t?

Posted: 06 Mar 2017 07:56 AM PST

Mike Gleason: It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast.

Ron Paul: Arizona challenges the Fed's money monopoly

Posted: 06 Mar 2017 07:41 AM PST

10:45a ET Monday, July 6, 2017

Dear Friend of GATA and Gold:

Former U.S. Rep. Ron Paul, R-Texas, announced over the weekend that he will be going to Arizona to support state legislation there to define gold, silver, and other monetary metals as legal tender and exempt transactions in them from capital gains taxes. Paul's announcement comes in his commentary headlined "Arizona Challenges the Fed's Money Monopoly" and it's posted at the Ron Paul Institute's internet site here:

http://ronpaulinstitute.org/archives/featured-articles/2017/march/05/ari...

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



ADVERTISEMENT

(Golden Predator will be exhibiting at Booth 2650
at the Prospectors and Developers Association of Canada conference in Toronto from March 5-8.)

Golden Predator Begins Drill Program at 3 Aces Project
and Is Named to TSX Venture Exchange's Top 50 List


Company Announcement
Thursday, February 23, 2017

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) is pleased to announce it has commenced a 20,000-meter drill program at its fully owned 3 Aces project in southeastern Yukon. The drilling program will initially focus on targets in the Spades Zone, where 2016 results included a new vein discovery at depth plus 7.5 meters of 33 grams-per-tonne gold at the Ace of Spades.

Management is also pleased to announce that Golden Predator has been named a TSX Venture Top 50 company, placing fifth of 957 mining companies. ...

... For the remainder of the announcement:

http://www.goldenpredator.com/_resources/news/nr_2017_02_23.pdf



Join GATA here:

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.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

Michael Pento Exclusive: Markets Have Priced in Trump Getting EVERYTHING He Wants… What If He Doesn’t?

Posted: 06 Mar 2017 07:14 AM PST

It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast.

Trapped Longs In Miners As Gold Poised For Fed Fuelled Fall

Posted: 06 Mar 2017 05:50 AM PST

The Fed will hike rates this month and signal further hikes to come. Gold prices have yet to fully digest this reality, and therefore there is a strong case for a major move lower in the yellow metal. A Le Pen victory in France could derail the Fed’s plans for a follow up hike in June, but in the short term the gold market is vulnerable to a sharp move lower. There are a number of trapped speculative longs in the futures and mining stocks and we are approaching a period of seasonal weakness. We target a move to $1050 initially, and see merits in a larger move to $720 should the Fed persist with further hikes.

Why Gold Will Boom In 2017

Posted: 06 Mar 2017 05:32 AM PST

As Trump sets out to ‘make America great again’, gold is back on everyone’s radar, gaining on widespread uncertainty and promises of high-level inflationary infrastructure spending. For our favorite precious metal, this is a euphoric time. Gold is great again, and all-American gold—even better. The world’s hottest mining belt right now is the U.S. state of Montana. With gold futures up 10 percent and spot prices up almost 7.5 percent in the first quarter, history is preparing to repeat itself with another gold rush.

Secret of the Kibali Mine: Flying people in and gold bars out

Posted: 06 Mar 2017 05:02 AM PST

By Thomas Wilson
Bloomberg News
Monday, March 6, 2017

Randgold Resources Ltd. had to haul heavy equipment more than 1,000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo.

The sprawling facility in a remote corner of a country that is the size of Western Europe is a high-tech operation. In one tunnel deep underground, a $1.3 million, 68-metric-ton remote-controlled digger heaves ore out of a cavernous blast hole. The ventilation system hums as 50-ton loads are slowly humped along the 3-kilometer (2-mile) track back to the surface.

The best-performing gold miner of the past decade, Randgold has built its success on getting complicated projects like Kibali into production on time and within budget. It's the third major mine the company has brought on stream in five years, and it has indeed been a gold mine: It accounts for about a fifth of the company's production, which tripled between 2010 and 2015 as revenue doubled to more than $1 billion.

Now, with Kibali nearing full production and no new discoveries since 2011, the miner needs to find guaranteed output growth to impress investors wary of the shrinking pool of large-scale deposits. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-03-06/secret-of-the-kibali-...



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Join GATA here:

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.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

Breaking News And Best Of The Web

Posted: 06 Mar 2017 01:37 AM PST

US stocks open lower. Gold and silver down from multi-week highs. Bitcoin now higher than gold. Fed expected to raise rates at next meeting. Trump budget to increase defense, cut EPA, State. Obamacare replacement to be released shortly. Trump’s secretary of state forced to recuse himself from Russia investigation.   Best Of The Web Reality […]

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

Trapped Longs In Miners As Gold Poised For Fed Fuelled Fall

Posted: 06 Mar 2017 01:00 AM PST

he Fed will hike rates this month and signal further hikes to come. Gold prices have yet to fully digest this reality, and therefore there is a strong case for a major move lower in the yellow metal. A Le Pen victory in France could derail the Fed’s plans for a follow up hike in June, but in the short term the gold market is vulnerable to a sharp move lower. There are a number of trapped speculative longs in the futures and mining stocks and we are approaching a period of seasonal weakness. We target a move to $1050 initially, and see merits in a larger move to $720 should the Fed persist with further hikes.

March Hike A Done Deal

The Fed speakers last week unequivocally signalled a March hike. Yellen’s speech to cap the week off confirmed this, and we therefore expect the Fed to hike at next week’s FOMC meeting. Although we still have an employment print before then, the Fed can look through the weakness of one print given the strength of the rest of the data and their clear preference to raise rates.

The Fed has made it clear

The Barron is Back

Posted: 06 Mar 2017 12:00 AM PST

Bob Moriarty of 321 Gold chronicles the career of Dr. Keith Barron and his latest foray in Ecuador.

No comments:

Post a Comment