Wednesday, March 8, 2017

Gold World News Flash

Gold World News Flash


The Next Domino To Fall: Commercial Real Estate

Posted: 08 Mar 2017 12:31 AM PST

Via Charles Hugh-Smith of OfTwoMinds blog,

Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can't bail out with a few digital keystrokes.

Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis--which in the present context means a big-bank liquidity meltdown like the one that nearly toppled thr global financial system in 2008-09.

Planning to win the next war by assuming it will be a copy of the last confict is an excellent strategy for losing the next war. The same holds true for the next financial crisis: reckoning that it will be a repeat of 2008 is an excellent way to be caught completely off-guard.

Crises may rhyme, but they don't repeat. The next Global Financial Meltdown won't start in subprime mortgages--that sector has been wiped out, written down, or passed on to the poor tax-donkey taxpayers.

The next crisis also won't arise on money-center banks, either. Central banks have figured out how to bail out the banks, and have rebuilt the bank balance sheets by stripping hundreds of billions of dollars in interest from savers.

(Sorry, widows and orphans--your interest income had to be transferred to the big banks. We're sure you understand why the banks are more important than you are as you enjoy yet another meal of canned beans and saltine crackers.)

The central banks and state treasuries around the globe may be confident they can bail out the banks, but what if the next domino to fall isn't a bank? What if it is a "safe, high yield asset" held by institutional owners such as pension funds, insurance companies and REITs (real estate investment trusts)?

What if the next crisis isn't a spot of bother caused by excessive leverage, but a systemic collapse of collateral as an entire sector--retailers holding millions of square feet of bricks-and-mortar store space--falls off a cliff?

Consider this chart of sky-high commercial real estate (CRE) valuations...

and this photo of a decimated major mall...

and this partial list of retail closures, some due to bankruptcy, others due to downsizing, and others that claim to be downsizing but are actually the initial stages of liquidation.

Talk about an overvalued market set up for a fall. It isn't just malls becoming empty retail wastelands--it's Corporate America shifting to flex-work and work-at-home, slashing the need for floor after floor of costly business-park office space.

It's about restaurants moving to smaller spaces as they move to serving more meals via delivery services.

Commercial real estate is grossly overbuilt in retail and office space. Combine sky-high valuations with cratering demand and billions in short-term CRE loans that must be rolled over into new loans, and we don't have a liquidity crisis, we have a collateral crisis-- the assets supporting the debt are no longer worth the loan balance.

Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can't bail out with a few digital keystrokes. Gordon T. Long and I discuss this brewing crisis and its potentially devastating consequences in our program Is Retail CRE The Next Financial Implosion? (YouTube)(34:12).

5 Dystopic Movies That Are Coming True Right Now

Posted: 07 Mar 2017 08:30 PM PST

From 'border walls' to 'biometrics' and from 'economic collapse' to the 'surveillance state', is life imitating art... or was it all a guidebook?

As The Daily Sheeple's Melissa Dykes notes, it's actually kind of hard to watch some of these... things are hitting way too close to home these days.

Q&A: How Can I Stop My TV Spying On Me?

Posted: 07 Mar 2017 08:07 PM PST

Following today's publication, by WikiLeaks, of documents exposing the CIA's secret hacking program - describing tools that can turn a world of increasingly networked, camera- and microphone-equipped devices into eavesdroppers, AP's Frank Bajak answers the public's biggest questions. Bajak warns consumers, there's "not much you can do if you don't want to sacrifice the benefits of the device," but offers a silver-lining of sorts for the average joe, the "tools that appear to be targeted at specific people's (devices).. and many intrusion tools are for delivery via 'removable device'."

Smart televisions and automobiles now have on-board computers and microphones, joining the ubiquitous smartphones, laptops and tablets that have had microphones and cameras as standard equipment for a decade. That the CIA has created tools to turn them into listening posts surprises no one in the security community.

Q: HOW WORRIED SHOULD CONSUMERS BE?

A: The intrusion tools highlighted by the leak do not appear to be instruments of mass surveillance. So, it's not as if everyone's TV or high-tech vehicle is at risk.

 

"It's unsurprising, and also somewhat reassuring, that these are tools that appear to be targeted at specific people's (devices) by compromising the software on them — as opposed to tools that decrypt the encrypted traffic over the internet," said Matt Blaze, a University of Pennsylvania computer scientist.

 

The exploits appear to emphasize targeted attacks, such as collecting keystrokes or silently activating a Samsung TV's microphone while the set is turned off. In fact, many of the intrusion tools described in the documents are for delivery via "removable device."

Q: WHAT CAN BE DONE TO PREVENT A COMPROMISED INTERNET-CONNECTED DEVICE FROM COMMUNICATING WITH SPIES?

A: Not much if you don't want to sacrifice the benefits of the device.

 

"Anything that is voice-activated or that has voice- and internet-connected functionality is susceptible to these types of attacks," said Robert M. Lee, a former U.S. cyberwar operations officer and CEO of the cybersecurity company Dragos.

 

That includes smart TVs and voice-controlled information devices like the Amazon Echo, which can read news, play music, close the garage door and turn up the thermostat. An Amazon Echo was enlisted as a potential witness in an Arkansas murder case.

 

To ensure a connected device can't spy on you, unplug it from the grid and the internet and remove the batteries, if that's possible. Or perhaps don't buy it, especially if you don't especially require the networked features and the manufacturer hasn't proven careful on security.

 

Security experts have found flaws in devices — like WiFi-enabled dolls — with embedded microphones and cameras.

Q: I USE WHATSAPP AND SIGNAL FOR VOICE AND TEXT COMMUNICATION BECAUSE OF THEIR STRONG ENCRYPTION. CAN THE EXPLOITS DESCRIBED IN THE WIKILEAKS DOCUMENTS BREAK THEM?

A: No. But exploits designed to infiltrate the operating system on your Android smartphone, iPhone, iPad or Windows-based computer can read your messages or listen in on conversations on the compromised device itself, though communications are encrypted in transit.

 

"The bad news is that platform exploits are very powerful," Blaze tweeted. "The good news is that they have to target you in order to read your messages."

 

He and other experts say reliably defending against a state-level adversary is all but impossible. And the CIA was planting microphones long before we became networked.

Q: I'M NOT A HIGH-VALUE TARGET. BUT I STILL WANT TO PROTECT MYSELF. HOW?

A: It may sound boring, but it's vital: Keep all your operating systems patched and up-to-date, and don't click links or open email attachments unless you are sure they are safe.

 

There will always be exploits of which antivirus companies are not aware until it's too late. These are known as zero-day exploits because no patches are available and victims have zero time to prepare. The CIA, National Security Agency and plenty of other intelligence agencies purchase and develop them.

 

But they don't come cheap. And most of us are hardly worth it.

Source: AP

Gold: Driven by Central Bankers and Geo-Political Chaos

Posted: 07 Mar 2017 06:46 PM PST

Background

This year gold’s fortunes will be influenced by the actions of the Central Bankers and the Geo-Political chaos which is simmering in various parts of the world. We are all aware that there are many factors that influence the precious metals sector; however, today we will only look at these two as I believe they are the dominant factors.

Central Bankers

Janet Yellen’s speech on Friday referred to possible rate hikes being implemented sooner rather than later as economic conditions would appear to have improved. Also note that inflation had popped above 2% for the first time in 2½ years which can be construed as an additional reason for the Federal Reserve to lift interest rates progressively this year

read more....

Bank of England deputy governor with brother in senior Barclays role faces calls to resign

Posted: 07 Mar 2017 04:52 PM PST

By Tim Wallace
The Telegraph, London
Tuesday, March 7, 2017

Charlotte Hogg is facing calls to resign as deputy governor of the Bank of England after she failed to notify its ruling body that her brother is director of group strategy at Barclays, which she monitors closely in her new job.

Ms. Hogg has been given a verbal warning by Governor Mark Carney in her first week in the job as his deputy, but members of Parliament are increasingly concerned about her failings, given her key role in charge of regulating banks and markets.

The error came to light a week after Ms. Hogg appeared before the House of Commons Treasury Select Committee, during which she said that she had told the bank of her brother's job at the time she joined the central bank as chief operating officer in July 2013.

However, in a letter sent following the hearing to committee chairman Andrew Tyrie, which was published today, she admitted that she had not done so. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2017/03/07/bank-england-deputy-gover...



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Gold Price Closed at $1215.10 Down $9.40 or -0.77%

Posted: 07 Mar 2017 04:08 PM PST

7-Mar-17PriceChange% Change
Gold Price, $/oz1,215.10-9.40-0.77%
Silver Price, $/oz17.49-0.23-1.31%
Gold/Silver Ratio69.4660.3830.55%
Silver/Gold Ratio0.0144-0.0001-0.55%
Platinum Price959.60-17.10-1.75%
Palladium Price776.752.750.36%
S&P 5002,365.61-6.92-0.29%
Dow20,924.76-29.58-0.14%
Dow in GOLD $s355.982.230.63%
Dow in GOLD oz17.220.110.63%
Dow in SILVER oz1,196.2514.061.19%
US Dollar Index101.780.140.14%
IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure our retail selling price, multiply the "ask" price by 1.035. To figure our retail buying price, multiple the "bid" price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
SPOT GOLD:1,214.90


GOLDFine Tr.Oz.BIDASK$/oz
American Eagle1.001,244.061,254.381,254.38
1/2 AE0.50625.16639.641,279.29
1/4 AE0.25318.65326.501,306.02
1/10 AE0.10127.46133.031,330.32
Aust. 100 corona0.981,181.911,190.911,214.97
British sovereign0.24288.13301.131,279.24
French 20 franc0.19226.82232.821,247.04
Krugerrand1.001,225.831,235.831,235.83
Maple Leaf1.001,224.901,237.901,237.90
1/2 Maple Leaf0.50698.57637.821,275.65
1/4 Maple Leaf0.25309.80324.991,299.94
1/10 Maple Leaf0.10128.78132.421,324.24
Mexican 50 peso1.211,451.501,462.501,212.99
.9999 bar1.001,214.901,226.901,226.90
SPOT SILVER:17.47


SILVERFine Tr.Oz.BIDASK$/oz
VG+ Morgan $B4 19050.7722.5026.0033.99
VG+ Peace dollar0.7716.0018.0023.53
90% silver coin bags0.7212,240.8012,598.3017.62
US 40% silver 1/2s0.304,961.905,111.9017.33
100 oz .999 bar100.001,737.001,762.0017.62
10 oz .999 bar10.00176.20181.2018.12
1 oz .999 round1.0017.7218.0218.02
Am Eagle, 200 oz Min1.0018.4719.7219.72
SPOT PLATINUM:959.60


PLATINUMFine Tr.Oz.BIDASK$/oz
Plat. Platypus


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Hugo Salinas Price: Where are we today?

Posted: 07 Mar 2017 04:04 PM PST

7:08p ET Tuesday, March 7, 2017

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, notes today that if the United States resorts to protectionism and stops running huge trade deficits, the world will run out of money and will need to find a currency to replace the dollar. Salinas Price's commentary is headlined "Where Are We Today?" and it's posted at the association's internet site, Plata.com.mx, here:

http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=3...

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



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Inside Vault 7: CIA Hacking Tools Published by #Wikileaks

Posted: 07 Mar 2017 03:11 PM PST

#Wikileaks just released the CIA's Vault 7 hacking tools, showing their amazing ability to hack into Smart TVs, cell phones, and even make it look like the Russians did the hacking. Media analyst Mark Dice has the story.  The Financial Armageddon Economic Collapse Blog...

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

The Path to $10,000 Gold

Posted: 07 Mar 2017 02:49 PM PST

This post The Path to $10,000 Gold appeared first on Daily Reckoning.

[Ed. Note: Jim Rickards' latest New York Times bestseller, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis, is out now. Learn how to score your free copy here. This vital book transcends geopolitics and rhetoric from the Fed to prepare you for what areas in gold, markets and more you should be watching now.] 

I'm very impressed with the recent gold action because it's holding its own in the face of an impending rate hike. It's fallen off a bit, but not dramatically. It tells you there are good fundamentals behind it, independent of the threat of a stronger dollar.

I believe the Fed is preparing to raise into weakness and will have to reverse course in April or May. What happens to gold then? It's going to go higher again, because the Fed will cheapen the dollar, and that's very bullish for gold. So I expect gold to take off in the spring and finish the year very strongly. It could challenge $1,300 or $1,400.

Now, as many of my readers know, my long-term forecast is for $10,000 gold. We're obviously not there now. So how do I arrive at $10,000?

I want to give the basis for that forecast. I never give any forecast without giving the analysis behind it. Anybody can pull a prediction out if a hat. If you don't have the analysis to back it up I'm not interested.

So let's go through the math, because there is a solid mathematical basis for $10,000 gold. It's actually the implied non deflationary price of gold under a gold standard.

The combined M1 money supply in the world is about 24 trillion dollars. That includes the United States, China, the Eurozone and Japan. Those four entities combine for over 70% of global GDP.

Now, the official gold in the world is about 33,000 tons. That's not counting private gold, because private gold is not part of the money supply.

So if you wanted to restore a gold standard, how much gold do you need to back up the money supply? My estimate is about 40%.

Historically, central banks have run successful gold standards with less backing. In the 19th century, for example, the Bank of England only had about 20% gold backing. In most of the 20th century, the U.S. had 40% gold backing.

I use the higher number, 40%, because I think a higher number might be needed to restore confidence in event of a collapse. The point is, 40% is a debatable, but reasonable figure.

Many people say there's not enough gold to support the money supply. That's one of the objections to gold standard. But my answer is that's nonsense. There's always enough gold to support the money supply. It's a question of price.

Now, if you back 40% of the $24 trillion of money supply with the amount of official gold, it implies a gold price around $9,000 an ounce. But I predict $10,000.

So how do I arrive at $10,000 an ounce?

That's because I expect central banks to print a lot more money by the time this issue comes to a head. So, by the time the printing presses stop running around the world, that $9,000 number will likely be in the range of $10,000.

The point is, $10,000 an ounce is not pie in the sky. It's not a number I pulled out of a hat to get headlines. It's the actual mathematical implied non deflationary price of gold. If you reintroduced a gold standard at a lower price, it would be deflationary. They'd have to reduce the money supply in order to bring it into alignment with the price of gold.

So I expect $10,000 is where gold will have to be, given the amount of official gold and the projected amount of printed money to give it 40% gold backing.

That's the basis of my forecast. It's rooted in history and sound monetary management. It's rooted in simple mathematics. If anything, the number's probably going to go higher. A year from now, that $10,000 figure might be even higher.

This is important because gold maintains a prominent place in the international monetary system, despite what elites say.

If gold is not money, if gold is not part of the monetary system, if gold is just a commodity that people trade, my analysis wouldn't apply. But I believe that gold is money, and it always has been.

Gold has always been at the base of the international monetary system. To a certain extent it still is, whether or not central banks or the elites want to acknowledge it.

If gold was irrelevant, why does the U.S. have 8,000 tons? Why does the IMF have 3,000 tons? Why does Germany have 3,000 tons? Why has Russia tripled its gold supply in the last 10 years? Why has China more than tripled its gold supply in the last 10 years?

Why are they all hoarding and buying gold if it has no role in the monetary system?

The answer of course is that it does, but the monetary elites would just as soon not talk about gold.

If you had the power of a central bank, why would you want gold to be part of the equation? It takes away their freedom to print money. Nobody kind of gives up power voluntarily, but they many not have a choice. A monetary system anchored to gold might be required to restore gold in event of another financial collapse.

The next question is, what's the catalyst that could send gold soaring from today's levels to $10,000 an ounce?

There are several potential catalysts.

It goes back to the avalanche metaphor I've used many times. Once enough snow builds up on the mountainside, it becomes unstable. At some point one snowflake will be the trigger that creates an avalanche.

Do you blame the snowflake or do you blame the instability of the system? The answer is you blame the instability of the system. One particular snowflake may have caused it, but the instability of the system is the real cause.

The current monetary system is unstable, the snow is piling up, and any number of snowflakes could trigger the avalanche. It's hard to know exactly which one will be responsible, but it could be a geopolitical shock.

Iran recently deployed its navy to conduct exercises in all the important maritime choke points in the Middle East. President Trump has said if those Iranian speed boats get too close to our ships we're going to blow them out of the water. We haven't yet, as the navy's rules of engagement have not permitted them to.

But now President Trump is apparently giving the green light. And the other day an American ship had to adjust course after an Iranian vessel came within 600 yards of it.

So with the Iranians testing us and the navy on full alert, how long will it be before there's an incident where one of these boats is blown out of the water and maybe trigger something much larger?

That's one example, but there are many others.

North Korea just conducted four ballistic missile tests that landed in the Sea of Japan. North Korean nuclear weapons will fairly soon be able to target the U.S, west coast. The U.S. is not going to allow that, and the State Department has said the U.S. is prepared "use the full range of capabilities at our disposal against this growing threat." So we'll probably have to attack North Korea if we can't get China to rein them in.

The South China Sea is also another hotspot with rapidly rising tensions. China is flexing its muscles, pitting it against close American allies and American interests. One incident can easily escalate. There are many other geopolitical flashpoints that could trigger a major international crisis.

Another triggering snowflake could be a natural disaster. Or it could be a political earthquake.

The French elections are coming up over the course of two rounds in April and May. What if Marion Le Pen wins the election? I'm not forecasting that she's going to win right now, but the market is underestimating her probabilities. We also have Netherland elections this month and German elections in October.

The outcome of these elections could potentially bring the future of the European Union into grave doubt.

The bottom line is, there are plenty of potential geopolitical shocks that could threaten the current system, in addition to existing concerns about a stock market collapse or debt crisis.

The time to prepare is now.

Regards,

Jim Rickards
for The Daily Reckoning

The post The Path to $10,000 Gold appeared first on Daily Reckoning.

Gold Seeker Closing Report: Gold and Silver Fall With Stocks Once More

Posted: 07 Mar 2017 01:31 PM PST

Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.

Ronan Manly reflects on odd withdrawal of Thomson Reuters, CME from silver pricing

Posted: 07 Mar 2017 11:35 AM PST

2:40p ET Tuesday, March 7, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly reports today that the withdrawal of Thomson Reuters and CME Group from the London Bullion Market Association's silver price benchmark now is being attributed to a European Commission financial regulation that is to take effect next January. Manly does not find this persuasive and wonders if Thomson Reuters and CME Group anticipate some scandal involving the LBMA. Manly's report is headlined "More Bad News for the LBMA Silver Price, but an Opportunity for Overhaul" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/bad-news-lbma-silver-price...

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



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Thursday, February 23, 2017

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Sound Money Is Rising at the State Level: “Will Open The Door For Citizens To More Easily Use Gold And Silver In Transactions”

Posted: 07 Mar 2017 10:32 AM PST

ShtfPlan

Guillermo Barba: A quarter of Mexico's gold reserve is 'unallocated' at Bank of England

Posted: 07 Mar 2017 09:30 AM PST

12:33p ET Tuesday, March 7, 2017

Dear Friend of GATA and Gold:

Mexican financial journalist Guillermo Barba reports today that Mexico's central bank has finally provided him with a list of the bars of its gold reserve and has disclosed that nearly all its gold is held at the Bank of England and that about a quarter is held there on an "unallocated" basis. Presumably this gold has been leased into the market.

Barba urges the Bank of Mexico to recover the "unallocated" gold and repatriate at least half the reserves to Mexico.

Barba's report is headlined "The Bank of Mexico Reveals Its Gold Bar List" and it's posted at his internet site here:

http://www.guillermobarba.com/the-bank-of-mexico-reveals-its-gold-bar-li...

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



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In The News Today

Posted: 07 Mar 2017 08:41 AM PST

Bill Holter's Commentary Time to create “mall futures” and crank up the presses…FAST! The Next Domino To Fall: Commercial Real EstateMarch 7, 2017 Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis–which in the present context means a big-bank liquidity meltdown like the one that nearly... Read more »

The post In The News Today appeared first on Jim Sinclair's Mineset.

Bitcoin Important Price Action to Be Seen

Posted: 07 Mar 2017 07:44 AM PST

In short: no speculative positions. Bitcoin is making its way into mainstream press. In an article on the CNBC website, we read: Digital currency advocates had plenty to crow about last week when bitcoin's price overtook gold. The event signaled a potentially important moment point for bitcoin, which is generally seen as asset that stores wealth. Bitcoin has gained more than 60 percent in price since mid-January.

Fake Gold Coins Warning - “Pure” Gold Coins that are Gold Plated, Collectibles and eBay

Posted: 07 Mar 2017 07:37 AM PST

Gold Investing 101 – Beware eBay, Collectibles and “Pure” Gold Coins that are Gold Plated (Part I)  Investors looking to gold again but gold buyers need to exert caution ‘Wolves of Wall Street’ ready to hungrily gobble up life savings of unsuspecting ‘widows and orphans’ Like all markets are few bad apples in gold market Need to do due diligence on company buying from Avoid companies marketing gold plated coins as “pure gold” coins Collectible coins do not capture the value of  gold and are not safe havens  Not liquid and pricing similar to art market Own gold bullion coins as insurance, to reduce counter party risk and to preserve wealth

Gold and Silver Market Morning: Mar 7 2017 - Gold waiting for the rate hike!

Posted: 07 Mar 2017 06:18 AM PST

At the close in Shanghai today, the gold price was trading at 275.50 Yuan once again, which directly translates into $1,242.23. But allowing for the difference of gold being traded this equates to a price of $1,237.23. This is $11.23 higher than the New York close and $13.08 higher than London.

China forex reserves break 8-month run of declines

Posted: 07 Mar 2017 04:48 AM PST

By Gabriel Wildau
Financial Times, London
Tuesday, March 7, 2017

SHANGHAI -- China's foreign exchange reserves rose in February, surprising analysts by breaking an eight-month string of declines and offering the latest evidence that a stable renminbi and tighter capital controls are succeeding in staunching capital outflows.

China's currency weakened by a record 6.5 percent against the dollar in 2016 amid unprecedented capital outflows. In response, the central bank sold dollars from its reserves to relieve pressure on the currency. Foreign exchange reserves fell below $3 trillion for the first time in five years in January.

But they rose by $6.9 billion to reach $3.01 trillion at the end of February, the central bank said today. Analysts had expected a decline of $25 billion, according to a Reuters poll.

... For the remainder of the report:

https://www.ft.com/content/6d15d68c-0315-11e7-ace0-1ce02ef0def9



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K92 Mining is producing much more gold than planned


Company Announcement
Wednesday, March 1, 2017

K92 Mining Inc. is pleased to report that mining production has shown a steady ramp up over the last three months with ore tonnes mined being over 50 percent above budget in January while contained gold ounces were almost 20 percent above budget.

The company mined more than 8,000 ore tonnes by February 24 and is on target to achieve 10,000 tonnes by month end, which is 40 percent above February budget. The increased ore production is in part due to significant lower-grade ore being identified outside the planned ore envelope, which was identified by our ongoing grade-control program, highlighting the importance and success of this program. ...

... For the remainder of the announcement:

http://www.k92mining.com/2017/03/k92-provides-operational-update/



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China’s Domestic Problems Are Good News for Gold Investors

Posted: 07 Mar 2017 03:38 AM PST

In 1978, one year after taking control of impoverished China, Deng Xiaoping declared “to get rich is glorious.” Since Deng’s declaration, China’s per-capita GDP has grown by over 5,000%. China is without question the biggest economic success story in recent history. However, rapid growth has come at a cost. China’s total debt/GDP ratio is now a staggering 277%—and the credit expansion is showing no sign of slowing. New bank loans in 2016 totaled $1.84 trillion—8% above the previous record.

Gold Buying Extends to 5-Year Best Stretch

Posted: 07 Mar 2017 02:39 AM PST

Bullion Vault

Breaking News And Best Of The Web

Posted: 07 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 meets resistance. Trump’s secretary of state forced to recuse himself from Russia investigation.   Best Of The Web Reality vs. the […]

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

MAG Silver's World-Class Property Just Keeps Getting Better

Posted: 07 Mar 2017 12:00 AM PST

MAG Silver appears to have the Midas touch: everything it drills turns up silver—with a gold byproduct and lots of zinc, lead and copper thrown in for good measure. MAG's first drill hole discovered the Juanicipio vein and hole #16 discovered the Valdecañas vein, both world-class deposits. In this interview with The Gold Report, MAG CEO George Paspalas discusses the company's JV in the Fresnillo Trend, the latest off-the-chart deep discoveries and where MAG goes from here.

Top Ten Videos — March 7

Posted: 06 Mar 2017 04:01 PM PST

Bix Weir on the end of silver manipulation. Robert Kiyosaki on why savers and investors are losers. Chris Martenson on the mother of all bubbles and Clif High on why it bursts this year.                    

The post Top Ten Videos — March 7 appeared first on DollarCollapse.com.

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.

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