Tuesday, October 22, 2019

SGT

42896 POSTS 0 COMMENTS

A Constructive Suggestion

by Ted Butler, Silver Seek:

Shortly after I posted publicly last week’s article, “Is the COT Report Still Valid?,” commentary on my article was posted by Chris Powell, from GATA, suggesting that I consider the possibility that JPMorgan may be operating in the silver and gold markets as an agent under orders from the US Government and not as a principal for its own account (as I believe). I want to thank Chris for offering his input and I’m not kidding when I say it’s much better for an article to generate interest than to be ignored.

Since I know this is a widely-held opinion, namely, that the US Government is behind the silver and gold manipulation, ostensibly to defend the dollar, I have always considered this to be a possibility and believe I have written about it previously. Since there is no question that the regulators have continuously evaded allegations of wrongdoing by JPMorgan in the silver and gold markets, that’s reason enough to admit to the possibility of US Government involvement.

The Argument for Legalization

0

by Karl Denninger, Market Ticker:

Yes, I mean it — heroin.

Here’s why.

The newest tool in the fight against opioid overdoses is an inexpensive test strip that can help heroin users detect a potentially deadly contaminant in their drugs.

Sales of fentanyl test strips have exploded as a growing number of overdose-prevention programs hand them out to people who use illicit drugs.

Though they weren’t designed for it, the test strips can signal the presence of fentanyl in illicit drugs. Some health officials question their accuracy, but they have proven to be so popular that some programs can’t get enough to satisfy demand

Marin Katusa’s Top Gold Miner Takeover Candidates

0

by John Rubino, Dollar Collapse:

Commodities analyst Marin Katusa makes a compelling case that regardless of what gold does in the near term, some miners are likely to be bought out at nice premiums to current prices. Here are two of them:

The Right Price: Are Pretium Resources and Detour Gold for Sale?

The gold market is in a funk. And if you have an internet connection, you don’t need me to remind you.

BOMBSHELL: PAYPAL BANS INFOWARS AFTER LOBBYING BY SOROS-FUNDED GROUP

from InfoWars:

Payment processor PayPal has banned Infowars in what represents nothing less than a political ploy designed to financially sabotage an influential media outlet just weeks before the mid-term elections.

Company representatives called Infowars yesterday to confirm that PayPal was terminating its agreement after “a comprehensive review of the Infowars site.”

The company claimed that Infowars violated PayPal’s “acceptable use policy” because it “promoted hate and discriminatory intolerance against certain communities and religions.”

Leaked Memo Reveals Details Of Google’s “Censored Search Engine” For Communist China

from ZeroHedge:

It’s now confirmed that Google’s long suspected assistance to the Communist government of China to censor and monitor its citizens’ online activity runs deeper and is more proactive that initially thought.

The Intercept published a bombshell report based on internal Google whistle-blower testimony which shows the internet giant plans to launch a search engine for China with censorship capabilities built into it, which provides a backdoor monitoring platform allowing government authorities to track users’ entire search history and even their location.

Gerald Celente: Fed May Bring Down the Economy, Crash Markets

0

by Mike Gleason, Money Metals:

Coming up the one and only Gerald Celente joins me for another explosive interview on the state of the markets. Gerald tells us why he’s not only focused on the dollar but also oil and explains what is likely to happen if the Fed continues to hike interest rates. Don’t miss my conversation with the top trends forecaster in the world, Gerald Celente, coming up after this week’s market update.

Precious metals finally put together an across the board rally this week, led by platinum and palladium. The palladium market is surging 7.0% this week to a 7-month high at $1,054 per ounce. Platinum, meanwhile is putting together a 4.0% weekly advance – though prices still remain deeply depressed on a long-term basis at $831.

Click HERE to listen

What Comes Next

by Adam Taggart, Peak Prosperity:

Previews of the coming reckoning

All things have a beginning, a middle and and end.

And now, more than 3,480 days into the current bull market, the longest in history, we can say with high condifence we are very close to its end.

Why?

For manifold reasons that are multiplying fast. So many, in fact, that each of the key speakers at the recent Peak Prosperity/Contra Corner Summit in New York City had difficulty finding enough time to enumerate them all during the six-hour event.

Hong Kong and the road to recovery

by Alasdair Macleod, GoldMoney:

We are following the road to perdition

There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has an opinion as to what will trigger it and what form it will take. But there is broad agreement that since the Lehman crisis ten years ago, instead of resolving the problems that led to that crisis, governments and their monetary authorities have allowed the underlying position to deteriorate.

There have been many negative developments in the ten years following the Lehman crisis. Logically, you would expect the authorities would have been rethinking monetary and fiscal policies to ensure that the errors that led up to the Lehman crisis are not repeated. You would be wrong, both for the current credit cycle and for the next. The problem is one of not knowing who is responsible.

GOLD DOWN $9.90 TO $1196.80 BUT SILVER HOLDS AND IS UP 2 CENTS TO $14.31

by Harvey Organ, Harvey Organ Blog:

ANOTHER HUGE 2 MILLION OZ QUEUE JUMPING AT THE SILVER COMEX AS THE BANKERS ARE WORRIED ABOUT SILVER’S STRENGTH IN LONDON AND IN THE EAST/USA SANCTIONS CHINA AFTER IT BUYS WEAPONS FROM RUSSIA/DANSKE BANK WILL NO DOUBT LOSE ITS COVETED AAA RATING AS THE FALLOUT FROM THE SCANDAL INTENSIFIES/INDIA IN TURMOIL TODAY WITH DEFAULTS ON A BIG FINANCE OPERATION: CREDIT DEFAULTS SURGE ON SOVEREIGN INDIA BONDS/ TERRIFIC PAPER BY NICHOLAS BIEZANEK AS HE ANALYZES THE ISSUANCE OF EFP’S FOR THE PETROYUAN CONTRACTS/NEW YORK TIMES REPORTS THAT ROSENSTEIN WANTED TO WEAR A WIRE TO TRAP TRUMP AS SOME STAFF MEMBERS WANTED INVOKE ARTICLE 25 ON OUR PRESIDENT

TAKE COLLATERAL IN PHYSICAL GOLD IF YOU LEND MONEY TO YOUR BANK

0

by Egon Von Greyerz, Gold Switzerland:

Will this be the Fall of Falls. 10 years after the Lehman collapse, will we again have an Autumn of Shocks in financial markets? The odds are very high!

Overstretched stock markets look extremely vulnerable including 13 recent Hindenburg Omens for the US market. The Dollar could soon be on its final leg to oblivion and US Treasury Bonds on the verge of a major fall that will eventually lead to hyperinflationary yields like Argentina and Turkey in the 20%+ region.

Ding Dong….

0

by James Howard Kunstler, Kunstler:

How hilarious is it in this pornography-saturated culture of anything-goes-and-nothing-matters that a long-ago session of awkward teenage necking becomes the most horrifying crime since Eve consorted with a snake in the original wayback?

One theory: having worked tirelessly to destroy behavioral boundaries in its quest to transform human nature for the greater good of society, the Prog-Left has no idea anymore how the world works or how to interpret what human beings actually do in it. Hence this effort to turn the Brett Kavanaugh nomination proceeding into a retroactive abortion of the nominee.

When Does This Travesty of a Mockery of a Sham Finally End?

by Charles Hugh Smith, Of Two Minds:

Credit bubbles are not engines of sustainable employment, they are only engines of malinvestment and wealth destruction on a grand scale.

We all know the Status Quo’s response to the global financial meltdown of 2008 has been a travesty of a mockery of a sham–smoke and mirrors, flimsy facades of “recovery,” simulacrum “reforms,” serial bubble-blowing and politically expedient can-kicking, all based on borrowing and printing trillions of dollars, yen, euros and yuan, quatloos, etc.

So when will the travesty of a mockery of a sham finally come to an end? Probably around 2022-25, with a few global crises and “saves” along the way to break up the monotony of devolution. The foundation of this forecast is this chart I prepared back in 2008 (below).