Gold World News Flash |
- Khashoggi Signals The TakeDown of Saudia Arabia - Morris
- Chile's environmental court orders Barrick to close Pascua-Lama gold mine
- This Is Why The Fed Will Be Taken Down
- Breaking News/Best Of The Web
- Full IMPRESSIVE Speech: President Donald Trump Speech at Massive Rally in Lebanon Ohio
- The S&P500 Fall and Its Effect On The Precious Metals Sector
- Gold Makes Bullish Breakout as Investors Fear Higher Interest Rates $GDXJ
- Ronan Manly: Skepticism reigns about true state of China's gold reserves
- Patisserie Valerie raises £36m in an effort to stave off collapse as finance director is arrested
- TF Metals Report's Craig Hemke interviews GATA secretary
- The “Strong Dollar” Buys Less
- US Dollar Engulfing Bearish Pattern Warns Of Dollar Weakness
- Gold Action Does Not Make Sense
| Khashoggi Signals The TakeDown of Saudia Arabia - Morris Posted: 12 Oct 2018 11:00 PM PDT The great muslim theologian and historian ibn Khaldun said ruling dynasties do not last more than three generations due to decadence and lack of discipline. The Saudi regime is in its third generation now.. and it looks bleak for them The Financial Armageddon Economic Collapse Blog... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| Chile's environmental court orders Barrick to close Pascua-Lama gold mine Posted: 12 Oct 2018 08:00 PM PDT By Antonio De la Jara https://www.reuters.com/article/us-barrick-gold-chile/chile-environmenta... SANTIAGO, Chile -- Chile's environmental court today ordered Canada's Barrick Gold Corp. to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by two votes to one the closure of the polemical project that straddles the Andes Mountains between Chile and Argentina. ... Dispatch continues below ... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com The gold and silver operation was put on hold in 2013 due to environmental issues, political opposition, labor unrest, and development costs that ballooned to $8.5 billion. Barrick was told to close the mine by Chile's environmental regulator in January this year and fined $11.5 million. Today's court ruling rubber-stamps that order. Barrick, the world's largest gold miner, did not immediately respond to a request for comment. Join GATA here: New Orleans Investment Conference * * * Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| This Is Why The Fed Will Be Taken Down Posted: 12 Oct 2018 08:00 PM PDT With market fluctuating up and down many financial pundits say gold is going to rise above 1300. If the price of gold does move up and the central bank has difficulty smacking it down with paper contracts that means the manipulation is coming to an end and the central banks are losing... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| Posted: 12 Oct 2018 07:20 PM PDT “The cracks in the market's floor grow wider” … Facebook deleting “alt” accounts … Jamie Dimon warns about 'geopolitical issues bursting all over the place’ … Albert Edwards: "Equity investors face the Four Horsemen Of The Apocalypse" … Gold and silver up as “safety play” amid stock/bond turmoil. Best Of The Web The music fades […] The post Breaking News/Best Of The Web appeared first on DollarCollapse.com. |
| Full IMPRESSIVE Speech: President Donald Trump Speech at Massive Rally in Lebanon Ohio Posted: 12 Oct 2018 05:24 PM PDT The republic has never looked so great until Trump came to be president! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| The S&P500 Fall and Its Effect On The Precious Metals Sector Posted: 12 Oct 2018 04:41 PM PDT Preamble Market sectors are interlinked and what boosts one particular sector can put downward pressure on other sectors. We have seen the recent action by the Fed in raising rates and the boosting effect that they have on the US Dollar. A strengthening dollar has an inverse effect on gold and silver and the associated precious metals producers and so gold bugs have suffered accordingly. The action in the financial markets of the last few days has seen a correction from historic highs as investors decided to take profits and place their investment funds elsewhere. During Thursday’s trading session on the NYSE the DOW Jones was down 545 points, following an earlier fall of some 800 points. The S&P500 also fell in a similar fashion and both indices closed below their respective 200day moving averages. It should also be noted that the dollar also lost ground despite the recent rate hikes and the stated intention of the Fed to continue with the policy of rate ‘normalization.’ Both of these factors helped gold and silver prices to recover and this in turn saw investors taking a tad more interest in the associated mining companies. The biggest gold producer on the planet, Barrick Gold Corp (ABX) gained 9.39% in Thursdays trading session. In stock market parlance it is unusual for an elephant to sprint but on this occasion, Barrick proved to be the exception to the rule. The Chart of the S&P500
The above chart of the SPX clearly depicts.......
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| Gold Makes Bullish Breakout as Investors Fear Higher Interest Rates $GDXJ Posted: 12 Oct 2018 12:35 PM PDT Its been a great week for the beaten up gold investors as capital sought safety as a market panic started. In reality, the stock market was way overbought and needed at least a shakeout which it has done pulling back to the rising 200 DMA. For months I have been early seeing declining momentum and insider selling in the Large Caps. Despite that the share price of large cap equities continued into nosebleed territory. I was taught years ago that the smart investors sell into rising markets and buy into declining markets. That's how the intelligent investors get in early. You can witness this phenomenon possibly through the divergence between momentum and price as we see in chart below. The trend is a friend until its broken on huge volume. During this week's market selloff gold remained the true safe haven not crypto as was promoted by the young 20 year old know nothings.
If that moving average does not hold then the 7 year bull market in the S&P 500 could be ending. This fear has helped the beaten down Junior Gold Mines ETF (GDXJ) make a reverse head and shoulders breakout crossing above the 50 DMA and closing above 3 month downtrend. Since the selloff in mid August Momentum has been increasing which usually happens before a classical technical breakout. Smart money buys when prices are declining and before a turning point you can see momentum increasing. When you take inflation into account gold is the cheapest its ever been. What is causing all this ruckus in the markets? All eyes are on US interest rates which have been dangerously rising to levels not seen since before the 2008 credit crisis. The Chinese may be already selling bonds to fight against Trump Trade Wars. Rising interest rates are already hitting transportation stocks especially auto makers. Soon I expect housing and real estate to get hit and then possibly the banks. Avoid margin debt and adjustable rate loans in this financial environment. During this brutal bear market in gold and silver as investors chased fake and ridiculous fads, I have maintained my faith in positioning in high quality and well managed junior miners with the ability to survive. Don't let these manipulated and crazy markets shake you out especially when the fundamentals for gold have never been better. There is about to possibly start a massive short covering in gold if we can possibly hit $1250. This recent summer capitulation combined with record short position on gold could cause a dramatic move once the tides start reversing which may have started this week. Any more panics or black swan events could cause a possible $100 move in gold. Recently the emerging markets especially in South America, Asia and Mid East are struggling with crashing currencies. JP Morgan CEO Dimon says rising interest rates, declining emerging markets and geopolitical flareups could possible derail the economy. For months I warned about rising rates and possible margin calls from investors overextended. The USA has a major student loan crisis that could be even bigger that the housing bust. How am I focusing my holdings? I'm looking for new gold and silver discoveries that could gain recognition from major investors. Exploration has been ignored for years and that is where I see greatest opportunity. 1)I'm interested in the Pilbara Gold Rush in Australia and have been following Pacton Gold $PAC.V $PACXF which is still relatively unknown but could be on a fast track to a discovery. They released news this week which you should read by clicking here... Exploration is underway on two properties. They just acquired more land around Novo $NVO.V and with just a $34 million market cap they have become one of the largest land holders in the Pilbara.
2)Check out Genesis Metals $GIS.V $GGISF It Breaks Out of Yearlong Slump on Volume in Early August after new geological work identified previously unrecognized higher grade zones in Quebec. This is the first time after drilling for over 29 years that a geological model has been developed. Resource could be published soon. 3)Check out Treasury Metals Inc. $tml.to $tsrmf which I bought some this week which is possibly the most undervalued gold developer in Canada right in Ontario between Goldcorp's Red Lake and New Gold's Rainy River. Cash costs could be the lowest of advanced Canadian Developers! Could move higher as gold price improves. Takeout target? Sign up for my free newsletter by clicking here… Please see my disclaimer by clicking here… To send feedback or to contact me click here… Tell your friends! Please forward this article to a friend or share the link on Facebook, Twitter or Linkedin. For informational purposes only. This is not investment advice. May contain forward looking statements. Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit. Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic. |
| Ronan Manly: Skepticism reigns about true state of China's gold reserves Posted: 12 Oct 2018 11:41 AM PDT 2:39p ET Friday, October 12, 2018 Dear Friend of GATA and Gold: Bullion Star gold researcher Ronan Manly today reviews China's practice of acquiring gold reserves surreptitiously and reporting them to the International Monetary Fund only at long intervals. In July 2015, Manly notes, China pledged to start regular reporting of gold reserve changes, and did make monthly updates for 14 months, but these stopped in October 2016 and no changes have been reported since. ... Dispatch continues below ... ADVERTISEMENT A Network of Bullion Dealers Who Bid for Your Business With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you'll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world. Click here to learn more: http://www.hardassetsalliance.com/go/v34pm4/GAT This, Manly suggests, tends to confirm your secretary/treasurer's frequent observation that the location and disposition of national gold reserves are secrets more sensitive than the location and disposition of nuclear weapons. Why? Because nuclear weapons can only destroy the world, while gold reserves facilitate the control of currency values, and whoever controls the currency markets can control the whole world, which is far more profitable than destroying it. At least that was the point of a conference in the office of U.S. Secretary of State Henry Kissinger in April 1974: http://www.gata.org/node/13310 Manly's analysis is headlined "Skepticism Reigns about the True State of Chinese Central Bank Gold Reserves" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/ronan-manly/skepticism-reigns-true-sta... CHRIS POWELL, Secretary/Treasurer Join GATA here: New Orleans Investment Conference * * * Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Patisserie Valerie raises £36m in an effort to stave off collapse as finance director is arrested Posted: 12 Oct 2018 08:29 AM PDT This posting includes an audio/video/photo media file: Download Now |
| TF Metals Report's Craig Hemke interviews GATA secretary Posted: 12 Oct 2018 07:24 AM PDT 10:31a ET Friday, October 12, 2018 Dear Friend of GATA and Gold: Craig Hemke of the TF Metals Report interviewed your secretary/treasurer yesterday. Among the topics: -- The longstanding central bank policy of restraining the price of gold. -- GATA's most recent efforts to question U.S. government agencies about surreptitious intervention in markets. ... Dispatch continues below ... 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 -- The refusal of mainstream financial news organizations, market analysts, and the gold mining industry itself to confront the interventions. -- JPMorganChase's likely operation as a government broker in the monetary metals and commodity markets. -- And the recent tight correlation between the gold price and the Chinese yuan and the valuation of the International Monetary Fund's Special Drawing Rights, correlations that imply daily market interventions by government entities. The interview is 27 minutes long and can be heard at the TF Metals Report site here: https://www.tfmetalsreport.com/podcast/9259/thursday-conversation-chris-... CHRIS POWELL, Secretary/Treasurer Join GATA here: New Orleans Investment Conference * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Posted: 12 Oct 2018 05:38 AM PDT Guest Post from Clint Siegner, Money Metals Exchange Some of last week's weakness in the stock market was attributed to surprisingly weak jobs report on Friday. Non-farm payrolls came in... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} |
| US Dollar Engulfing Bearish Pattern Warns Of Dollar Weakness Posted: 12 Oct 2018 02:29 AM PDT Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63327.html |
| Gold Action Does Not Make Sense Posted: 12 Oct 2018 02:19 AM PDT Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63326.html |
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