Friday, February 15, 2019

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The Security Guard Shot During The Vegas Massacre Raises New Questions About Official Narrative

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by Mac Slavo, SHTFPlan:

The infamous security guard at the Mandalay Bay Hotel, who was allegedly shot stopping the massacre in Las Vegas over a week ago is not listed or registered as such. Jesus Campos, who the narrative is constantly changing around, is still a source of mystery.

#BOMBSHELL: Security guard shot by #LasVegasShooter is not even registered w/ State of Nevada—why was he there @LVMPD@FBIpic.twitter.com/0i3fl1wytr

— The Daily Sheeple (@TheDailySheeple) October 12, 2017

So who is Jesus Campos? That burning question has bothered many since the release of his name, but there’s been no photograph of this alleged hero, even though we’ve already seen crime scene images of the guns Stephen Paddock allegedly dragged up to his 32nd-floor hotel room. The ever-changing narrative now though, seems to swirl around this unknown mystery security guard.

At first, Campos, a guard at the Mandalay Bay Resort and Casino, was hailed a hero for helping guide police to gunman Stephen Paddock’s room on the 32nd floor. Police said Campos was shot in the leg at the end of Paddock’s assault on concertgoers—potentially distracting the gunman and causing him to panic and kill himself. But now, questions have been raised after Clark County Sheriff Joe Lombardo revised the timeline and said Campos had actually been shot about 9:59 p.m. a (full six minutes before the mass shooting began at 10:05 p.m.) which means the guard could have instead led Paddock to start opening fire on the crowd for fear of being caught.

Police have said it was difficult to identify the source of the bullets during the attack, and the confusion added more minutes to their lengthy response. But the revised timeline shows officers would have known where Paddock was before the mass shooting even started.

Did Campos call 911? What happened during those six minutes? Much of Campos’s story and background remains a mystery. –Newsweek

Campos’s co-worker Liliana Rodriguez started a GoFundMe account for him on October 3, explaining that he’d been shot while on “random patrol” and it could have been anyone of us. “Funds will be used to provide relief and financial support for him while he gets back on his feet,” Rodriguez’s online petition says. “This is a young man that I work with day in and day out. Any financial support would be appreciated for the time he would need to recover.”

Strangely, a picture of Campos wasn’t displayed as part of the fund because Rodriguez indicated that “due to privacy from the media we do not feel comfortable publishing a photo.” There are obviously certain things that the FBI and other investigators seem intent on covering up. Their own narrative is quickly shattering.

Las Vegas Metro Police Undersheriff Kevin McMahill explained more about Campos’s actions the night of the shooting, helping fill in some of what happened ahead of the attack, but unfortunately, it only added more questions and gave little in the way of answers.

McMahill told KNPR, a local NPR affiliate, that Campos went up to the 32nd floor to investigate a door alarm. While on the 32nd floor, he found that a stairwell door was jammed and radioed down to maintenance. Campos heard a drilling sound and thought it was odd. A maintenance worker came up to the 32nd floor. As the pair started talking, Paddock began firing through the door of his room, first with a single-fire gun and then with a rapid-fire rifle.

Read More @ SHTFPlan.com

Russia Remains Committed to the Future Adoption Of Cryptocurrencies

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from Rogue Money:

Initially, Russian financial authorities regarded money issued by non-state approved institutions as illegal and could be used to launder money.  However, given that the Russian Finance Minister Anton Siluanov stated last month that the authorities had to accept that virtual currencies existed and that there was no sense in banning them but a need to regulate them, it was believed that Russia’s stance towards cryptocurrencies had changed. In addition the Finance Ministry was also working on a law including registration of those willing to buy virtual currencies.

However, the aforementioned comments by Shvetsov appeared to suggest that Russia was now backing away from the cryptocurrency arena. Afterall Shvetsov also acknowledged that the Russian central bank saw rising interest in cryptocurrencies because of the high returns to date but that they had transformed into high-yielding assets from being a method of payment. He also stated that his department believed that for both Russian citizens and businesses alike, the usage of such cryptocurrencies as an investment carried unreasonably high risks.

See Also  Russian Ministry of Health and VEB Bank Launch Blockchain Project

However when we analyse the comments made by Putin in Sochi, the reality of Russia’s position on cryptocurrencies becomes very different.

Putin acknowledged that cryptocurrencies were becoming more popular and turning into a full-fledged payment instrument and an investment asset in certain countries. However he also stated that they carry serious risks in that they can be potentially used for laundering criminal proceeds, evading taxes, for financing terrorism as well as potential fraudulent schemes whereby citizens may become victims. There is no doubt that these assertions, in some context at least, are perfectly reasonable but it was the next statements which clearly laid out Russia’s future position on cryptocurrencies.

The fact that Putin stated that the circulation of cryptocurrencies should proceed in Russia taking advantage of new technology solutions in the banking sphere whilst avoiding the creation of unnecessary barriers to inhibit further growth and the improvement of the national financial system, spoke volumes.

Putin also asserted that there was a need to develop a regulatory system on the basis of international agreements that would protect the interests of the people, businesses and the government. In addition there should be the provision of legal guarantees for work within the scope of innovative financial instruments.

Whilst many will disagree with Putin’s assertions about the need for an international regulatory system to be implemented for cryptocurrencies and Russia’s intention to outlaw exchanges, this does not mean that Russia is averse to cryptocurrencies. The reality is that this could not be further from the truth as Russia is already developing its own asset-backed cryptocurrency and remains committed to its future adoption on the international stage.

See Also  Russia Begins to Play Its Hand in Cryptocurrency Mining

The fact that Moscow is so risk averse to current cryptocurrencies and platforms is something which should not be dismissed so lightly and regarded as a typical knee-jerk government reaction to something which is decentralised. There is no doubt that cryptocurrencies and blockchain have a very bright future as Russia acknowledges and seeks to take advantage of what might be termed the second generation of virtual currencies.

Read More @ RogueMoney.net

Bill, Hillary and Harvey Weinstein Share the Same Unspeakable Perversion

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by Dave Hodges, The Common Sense Show:

Ronan Farrow Conducted a ten month investigation of Harvey Weinstein that revealed three rape charges and multiple sexual assaults. These unmistakable findings were reported at the New Yorker yesterday. However, in 2015, it has been revealed that Weinstein should have faced prison long ago as the Manhattan District Attorney’s let Weinstein off of the hook. In fact, Hollywood has long to the aid of this pervert as well.

 Matt Damon, Russell Crowe and NBC Attempt to Block Investigation Into Weinstein’s Nefarious Affairs

From iBankCoin.com:

Actor Matt Damon took heat over Twitter Monday evening following viral claims that he and Russell Crowe pressured a New York Times journalist into dropping a negative story on Harvey Weinstein in 2004.

On Sunday, journalist and founder of The Wrap, Sharon Waxman, penned an op-ed detailing how Damon and Crowe called her “directly” to pressure her into dropping a story about Miramax Italy’s head Fabrizio Lombardo handling “Weinstein’s women needs” during European film festivals and other events. Waxman had located a young woman in London who Weinstein paid off after an “unwanted sexual encounter.” While the woman would not violate her non-disclosure agreement, Waxman had proof of the payoff.

On Monday, actress Rose McGowan – who was featured in a bombshell NYT Exposé detailing Harvey Weinstein’s sexual abuse of young actresses, retweeted the story after it was picked up by vulture.com – asking “Do u realise [sic] how deep the cover ups go?”

Why Is Hollywood In Cover-Up Mode?

Why would these actors, plus NBC coverup Weinstein’s exploits? The answer is simple as Hollywood is dirty. Dirty as in child-sex-trafficking dirty and with all the publicity, they can ill-afford any more documentation regarding their heinous affairs.

I previously interviewed former Hollywood insider, Jon Robberson, now the present producer of the Hagmann and Hagmann Report.

Jon was “invited” to leave Hollywood because he could no longer keep quiet about what he was seeing in Hollywood. Breeder babies, ritualist child sex abuse and satanic rituals were all a part of the Hollywood landscape.

Read More @ TheCommonSenseShow.com

Keiser Report (Ep. 1135)

from Keiser Report:

Max and Stacy are joined in Denver, Colorado, by artist Alex Schaefer to discuss city planning and state banks in Los Angeles. In the second half, Stacy talks to former assistant housing secretary to George HW Bush, Catherine Austin Fitts, about the ‘deep state.’

Curtain Down On Las Vegas Shooting

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by Paul Craig Roberts, Paul Craig Roberts:

I appreciate all of your supportive comments about my efforts to tell the real from the fake elements in the Las Vegas shooting information.

As several of you noted, it could be a case where some people were shot from somewhere and fake elements were added to blow the scene into a massacre for use in behalf of some agenda or the other. A professor in Canada, who I know and to whose intelligence and integrity I can attest, reminded me that the Northwoods Project, a false flag attack proposal given to President John F. Kennedy by the Joint Chiefs of Staff to produce an excuse for invading Cuba, consisted of both real and fake elements. The professor analyzed the Northwoods proposal and provides this list of the fake/real mixture:

Dear Craig: I thank you for carrying an honest discussion on your website of the difficulties in sorting out whether Las Vegas victims were real or fake. I claim no expertise in this incident; I simply want to remind folks that there is no contradiction between claims of real injury and claims of fake injury. Why would the planners want to choose just one option? Way back in the early 1960s where they were planning the Northwoods operation, they envisioned both options in the operation. A couple of years ago I tried to sort out the planned victims and arrived at this list:

Victims:
 
[1] (capture: real victim, no injury, false identity) “Capture Cuban (friendly) saboteurs”
[2] (capture: real victim, no injury, false identity) “Capture assault teams approaching from the sea”
[3] (capture: real victim, no injury, false identity) “Capture militia group”
[4] (explosion; no victims/faked victims—apparently no actual personnel involved) “Sink ship near harbor entrance. Conduct funerals for mock-victims”
[5] (explosion; no victims/faked victims– apparently no actual personnel involved) “We could blow up a drone (unmanned) vessel anywhere in the Cuban waters…The US could follow up with an air/sea operation covered by US fighters to ‘evacuate’ remaining members of the non-existent crew. Casualty lists in US newspapers would cause a helpful wave of national indignation.”
[6] (shooting? Real and/or simulated victims) “We could sink a boatload of Cubans enroute to Florida (real or simulated).”
[7] (explosions + other? Real victims) “We could foster attempts on lives of Cuban refugees in the United States even to the extent of wounding in instances to be widely publicized. Exploding a few plastic bombs in carefully chosen spots…would be helpful”
[8] (explosion; faked victims—real personnel with false ids) “It is possible to create an incident which will demonstrate convincingly that a Cuban aircraft has attacked and shot down a chartered civil airliner…The passengers could be a group of college students…”
“At a designated time the duplicate would be substituted for the actual civil aircraft and would be loaded with the selected passengers, all boarded under carefully prepared aliases…”
“arrangements will have been made to evacuate the passengers…The drone aircraft meanwhile will continue to fly the filed flight plan…destruction of the aircraft which will be triggered by radio signal.”
[9] (shooting; faked victim—real personnel with false id) [another scenario:] “a pre-briefed pilot…would broadcast that he had been jumped by MIGs and was going down…The pilot would then fly directly west at extremely low altitude and land at a secure base…The pilot who had performed the mission under an alias, would resume his identity and return to his normal place of business.” “The pilots returning to Homestead would have a true story as far as they knew.”

Several readers have asked me to post this report that the hotel security guard reportedly shot in the hallway is not registered as a security guard:
http://www.thegatewaypundit.com/2017/10/las-vegas-security-guard-shot-by-vegas-killer-is-not-registered-as-a-security-guard-in-the-state-of-nevada/

Read More @ PaulCraigRoberts.org

Pathetically hypocritical Hollywood stars who riffed on Trump for using a WORD refuse to condemn Harvey Weinstein for ACTUAL sexual assault

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by JD Heyes, Natural News:

When an audio recording of then-GOP presidential nominee Donald J. Trump emerged in October of last year, in which he was overheard making lewd comments and claims about women to “Access Hollywood” host Billy Bush in 2005, the entertainment world went berserk.

One of the actresses who criticized Trump was Ashley Judd, who tweeted, “I never heard him ‘apologize’ for talking to me & others about his family member’s spouse, and especially her breasts. THIS IS WHO HE IS.”

While the other stars’ criticisms are noteworthy, the jab from Judd is particularly remarkable given the news that broke this week concerning Hollywood mega-producer Harvey Weinstein, who has been charged with serial sexual abuse and even rape by women throughout Tinsel Town.

Including Judd, who — before Weinstein was outed as a sexual cretin and deviant — never said a single word about a man who she says once propositioned her and asked her to watch him shower.

As noted by Megan Fox at PJ Media, Judd would go on to appear at the “Women’s March” in Washington, D.C., in January the day Trump was inaugurated as our 45th president, where she openly disparaged him to a crowd of mostly women who were wearing pink “p***y” hats — a reference to Trump’s comments to Billy Bush about where to “grab” women.

But alas, she had no such public criticism of Weinstein, though she — and scores of other Hollywood stars — were well aware of his sexual proclivities. (Related: Harvey Weinstein revelations prove Hollywood is a left-wing cesspool of perverts, pedophiles, and rapists.)

As Fox points out, there are many more female stars who continue to riff on Trump and criticize his behavior — for sexual comments — while giving Weinstein a pass for his sexual abuse. They are, in no particular order:

— Jennifer Lawrence, star of the Hunger Games series, was recently interviewed after her epic fail of a movie, “Mother,” was released, in which she reeled off a series of Democratic Party talking points regarding “equality for women in the workplace.” She proceeded to blame Trump for the series of hurricanes that have recently hit the U.S. and the Caribbean while claiming to be some sort of spokesperson for women who are underpaid. “Lawrence hasn’t alleged any harassment from Weinstein, although she is seen looking awkward in many photos with him while he holds her too close to his massive girth. It wouldn’t surprise me if she had first-hand knowledge of his depravity,” writes Fox. Could be; Hollywood is a small community.

— Gwyneth Paltrow, who isn’t very political though she did support President Obama, also stayed quiet about Weinstein’s abuse, though she too claims to be a champion of women. She never discussed publicly what she finally is admitting now: That the producer came onto her so hard her boyfriend at the time, Brad Pitt, threatened retribution if he touched her again.

— Speaking of Pitt, another of his love interests — one he married — is Angelina Jolie, another anti-Trump critic who recently penned a letter to the New York Times slamming the president’s travel ban. Writing that she believed refugees from the banned nations were victims of terrorism, she knew Weinstein was terrorizing young women trying to make it in the business but said nothing. Weinstein came onto her as well — and Pitt did nothing. So much for his chivalry.

— George Clooney regularly trashes the president but he, too, knew about Weinstein and may even have been complicit in the abuse because he refused to say anything. In fact, he and pal Matt Damon may even have covered for Weinstein (though Damon says he never knew anything about it), though both are self-righteous hypocrites when it comes to Trump, their claimed outrage over his comments, and how they let a master Hollywood sexual abuser get away with it year after year, with woman after woman.

Read More @ NaturalNews.com

2017 Global Physical Gold and Silver Demand: A Fact Vs. Propaganda Update

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by JS Kim, Goldseek:

Recently, the western banking cartel media has been out in full force to mislead everyone regarding a narrative of falling and “soft” demand for physical gold and physical silver, as they typically frame the market in the US as representative of the global market when this is patently false. Furthermore, the usual suspects, like Goldman Sachs bankers, have piled on to this misinformation by calling for a plunge in gold prices, but more on that later. First let’s discuss the misleading statistics being disseminated by the mainstream financial media regarding physical gold and physical silver demand. Last month Reuters reported plummeting silver Eagle coin sales for Q3 at 3.7 million ounces, and attempted to frame weak US physical silver demand as weak overall silver demand by calling the silver coins data “the lowest in 10 years”. Furthermore, they attempted to frame physical gold demand as weak by referring to the Q3 2017 American gold eagle coins sales of 38,500 ounces as a 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} plunge from the same quarter, prior year. If you were to read just this one article to gauge physical gold and physical silver demand worldwide, you would likely believe that demand was dead and that no one was interested in buying physical gold or silver anymore, as the Reuters journalist literally provided zero context to these numbers. As I’ve repeatedly stated for the past 10 years, anyone can use statistics to present a biased and false picture of reality by stripping presented data of any context. This is precisely what the Reuters journalist did.

Furthermore, Bloomberg hopped on the “no one wants to buy physical gold and physical silver” Reuters bandwagon as well with a similar narrative of gloomy gold demand by reporting last week that “sales of gold coins [in the United States] in the first nine months of the year shrank to the lowest in a decade.” As well, various mainstream US financial websites prominently reported that demand for US Mint produced gold bullion has fallen off a cliff this year, with the first 5-months of 2017 only generating 185,500 ounces of gold sales, yielding a projected 2017 annual figure of only 445,200 AuOzs sold.

And while all of the above figures are factual and true, they are entirely misleading when it comes to global physical gold and physical silver demand as all the data are provided out of context, and within a very narrow lens that presents US gold bullion and silver bullion sales as the most important data in the entire world. In fact, American physical gold and physical silver consumption is irrelevant to global physical gold and physical silver demand as these figures pale in comparison to aggregate physical gold and silver consumption in China, India, and Japan. Though aggregate gold demand in all three of these countries far outweighs aggregate gold demand in the United States, and gold demand on the Asian continent is far more representative of total global demand, I can use one country, China, without even discussing the details of the enormous physical gold demand in India and Japan this year, to prove my point. Before I continue with a discussion of Chinese physical gold demand this year, let me just briefly note that for the first seven months of this year, India’s gold imports more than doubled over the prior year to 550 tonnes. With another 150 to 200 tonnes of gold estimated to be illegally smuggled into India, a conservative figure for India gold demand this year amounts to about 637.5 tonnes, or more than 20.5M AuOzs, for the first 7 months of this year. Recall that annual sales of gold bullion in the United States from the US Mint for the entire year are projected to be 2.4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the 7-month Indian demand, yet Reuters and Bloomberg journalists discuss US Mint bullion sales in American media, providing zero context of global demand, as if they are the barometer for the entire global industry.

In China, gold and silver panda coin sales only make up a small portion of the overall demand for physical gold and physical silver as in 2016, only 1M China gold panda coins and 8M China silver panda coins were minted. For this reason, let’s compare physical bullion bar consumption in China to US Mint gold bullion sales, though I want to stress that we are not comparing apples to apples when doing so. Of course, the US mint figure does not include coin and bar sales of independent US bullion dealers, as there is no reliable source that aggregates these numbers in the United States every year. Still, since most “gold” sales in the United States occur in the form of paper gold and the GLD ETF, I’m going to assume that independent dealer sales of physical gold are not going to inflate the US mint number that significantly. In China, the best source of aggregated individual retail purchases of gold bullion bars is provided by the Shanghai Gold Exchange (SGE), as various Chinese banking sources have confirmed that the PBOC, the Chinese Central Bank, does not buy any of its gold on the SGE, and that all withdrawals represent private demand in China.

In the first 8 months of this year, according to data provided by the SGE, the Chinese withdrew an aggregate of 1.29 M kgs of physical gold. Annualized, this figure amounts to approximately 62,230,302 ounces of physical gold. Because recycled gold has to flow through the SGE, this figure is actually slightly higher than real demand, but even if we consider 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of all withdrawn SGE gold to be recycled gold, and subtract an estimated 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from this number, then annualized wholesale demand for physical gold in China would still be an estimated more than 59M AuOzs. Note that this figure only represents the official amount of physical gold being withdrawn from the SGE and does not represent wholesale and retail gold bullion purchases from banks, independent dealers and from neighboring countries like Hong Kong, as many Chinese often buy gold when in Hong Kong and then import it back into China. Thus, even if we add a 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} premium to the US annualized physical gold purchase number above to represent all physical gold purchased outside of the US mint, we are speaking about a minimum of 59M AuOzs purchased in China this year versus 445,200 * 1.2 = 534.2k AuOzs purchased in the United States.

In other words, US demand for physical gold is likely less than 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Chinese demand and less than 2.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Indian demand, yet US financial media has repeatedly framed physical gold and silver demand as cratering for the duration of this year thus far, by deceptively only reporting cratering numbers for physical gold demand in the United States. Even taking into account the 1.4 billion people that live in China versus the 325M people that live in the United States, we are talking a giant discrepancy in physical gold demand as there are only 4.3 times more Chinese than Americans, yet physical gold demand is not 4.3 times more, but 110 times more. In addition, the Economic Times, the Financial Express, and the World Gold Council all have pegged private physical gold ownership in India at more than 643M AuOzs, and Koos Jansens of BullionStar has produced similar estimates for private physical gold ownership in China. While I have read articles regarding how estimates are calculated for private gold ownership in India and China and found them to be credible, I have not yet discovered any estimates about private gold ownership in the United States to be credible, so it’s difficult to know how private US gold ownership stacks up to India and China other than to estimate that it is a fraction of the ownership in these two countries.

Finally, the same shenanigans that happen with US financial media reporting regarding physical gold sales happen with their reporting of physical silver sales as well. YTD, up until August, the SGE reports that retail withdrawals of silver have amounted to 990,105 kg, or about 31.8M AgOzs. Annualized this amounts to roughly 48M AgOzs and again if we estimate 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of this figure to be recycled silver, then Chinese wholesale demand for silver for 2017 will still amount to more than 45M AgOzs. The US Mint reported that silver bullion sales for the first 5-months of the year were 11.2 M AgOzs, or less than 27M AgOzs annualized. In the case of silver, since the Chinese population is 4.3 times larger than the American population, the per capita sales of silver is weaker in China than in the US. However, it is still extremely misleading for Reuters to try to paint a collapsing demand of physical silver by reporting, as they did last month, that “third-quarter sales of American Eagle silver coins fell to the lowest in 10 years.”

Read More @ Goldseek.com

Hotel California and the Federal Reserve

by Gary Christenson, Deviant Investor:

In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here.

A few lines from the song …

“On a dark desert highway, cool wind in my hair…

Up ahead in the distance I saw a shimmering light…

Then I was thinking to myself this could be Heaven or this could be Hell

Welcome to the Hotel California

Some dance to remember, some dance to forget

They’re living it up at the Hotel California

We are all just prisoners here of our own device

Relax, said the night man, We are programmed to receive,

You can check out any time you like but you can never leave.”

The lines have been rewritten to fit the Federal Reserve – the hypothetical “Hotel Marriner Eccles:”

 

“On a dark digital highway, QE rewarding my pals

Up ahead in the distance I saw a burning pyre of debt

I was thinking to myself this should be Heaven but it’s Hell

Welcome to the Hotel Marriner Eccles

Some pontificate to remember, some lie to forget

They’re living it up at the Hotel Marriner Eccles

We are all just prisoners here of our own device

Relax, said the chairman. We are programmed to deceive

You can check out any time you like but you can never leave”

 

Thanks to the efforts of the Federal Reserve:

 

  • US national debt in 1913 was $3 billion. Today it exceeds $20,000 billion. There is no plan to reduce or eliminate debt.
  • Money supply has grown similarly. Debt has grown far more rapidly than the economy which must support the debt. This model is not viable in the long-term.
  • The debt will never be paid in today’s dollars, and debt cannot increase forever.
  • Hence the debt will default via outright repudiation or default via inflation. Both will be painful.
  • Who in their right mind believes that an economy can solve an excess debt problem with more debt? The “powers-that-be” don’t want the excess debt problem solved – THEY WANT MORE DEBT!

Like the Hotel California, the debt based currency system lives on, and we can never (without a traumatic reset) leave it.

Dishonest money created by politicians and bankers is profitable for the financial elite. It may look like heaven but it is HELL for the poor and middle class. The elite want the economic skim to continue. The rest of us must protect ourselves. Gold and silver come to mind.

The econometric models that supposedly guide the Fed are reminiscent of that edited line: “Relax, said the chairman. We are programmed to deceive. You can check out any time you like but you can never leave.”

In the financial world, where actions eventually have consequences, debt is growing explosively, fiat currencies are continually devalued and currencies are issued by insolvent central banks and insolvent governments.

Read More @ DeviantInvestor.com

“Fade” The Little Guy For Profit! – Bill Holter

by Bill Holter, JS Mineset:

As many of you know, I worked in the brokerage industry as a stockbroker/branch manager for 23 years. During that time and the 10+ years since, I have seen the “herd” move(d) violently in tandem many times. For years, smart investors would discern what retail investors were doing as a group and do the opposite quite profitably. It has been said and I have to agree, “the little guy is almost always wrong, and wrong at the wrong time”. Fade the little guy, it is usually quite profitable!

We are again seeing this phenomenon as evidenced by the VIX trading at all time lows and huge capital betting on continued non volatility. This thought process has obviously been aided and abetted by central bank’s massive liquidity flows and “official” purchases of anything and everything to support amarkets. Just to point out, it is not so much the fault today of market participants as it is central banks for “fooling” them into their complacency.

Another area where we can see public action is with official mint sales of coins. Zerohedge recently wrote about this here;

The public has largely shunned purchasing metals since Feb/March of this year after 18 months of very strong appetite

The above chart is only half of the story because it relates only to retail demand as opposed to “supply” (selling) in the retail space. (Before going any further, please do not panic as what I am talking about is “retail” as opposed to institutional or even sovereign demand, which has remained strong. And rest assured, the little guy buying retail lots will never determine the market but more on this in a moment).

What has actually happened this year is something we have NEVER seen before, the little guy has not only backed away from purchasing coin, they have actually been sellers unlike never before. It is hard to say “why” but I have a couple of suspicions. First, “burnout”. People have watched as stocks/ bonds/real estate have continually inflated since 2013 while gold and silver prices have been suppressed. (This is a topic already covered extensively by GATA and others, if you don’t believe metals prices have been suppressed, I have some ocean front property in Arizona for you.)

Basically, the little guy has gotten “tired” of waiting, in this sense the central banks have won by holding an exploding system together longer than the average investor can wait. Obviously another factor is “the other pasture”, it is hard for people to watch markets go higher and not be on board. Never mind interest rates at 5,000 year lows or stocks and real estate priced at all time high multiples of cash flow, earnings etc. We even see “air” trading at $4,900!

The mass retail selling has done what one would suppose, coin premiums have sunk to all time lows. This has however created an incredible opportunity! You can now purchase AU Liberties (almost uncirculated 1933 and earlier gold coins) for LESS than current 2017 Eagles. Not only that, the premiums for higher grade “uncirculated” coins in the MS 61-MS 63 grade range are such that pricing is roughly equal to or only slightly higher than one ounce Gold Eagle prices. The anomaly is so severe, even when sourcing 1/4 and 1/2 ounce Liberties, there is little to NO PREMIUM over the one ounce coins! At this point, 1/4 and 1/2 ounce Liberties can be purchased at 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and larger discounts to their same weight American Eagle counterparts. This makes no sense and has never happened before but it is in fact the case currently.

To put this in perspective, Liberties were being “bid” (what dealers were paying customers) 60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}-70{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} OVER spot back in 2009. Higher graded uncirculated coins were being bid even higher. The fear back then was president Obama would lead a charge of gold confiscation. Capital moved away from bullion and into these numismatics as an effort to cover from confiscation. The thought process was, and I believe rightly so, pre 1933 coins would be considered your “coin collection” rather than current bullion subject to confiscation. The best thing to have done then was turn numismatics into 60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more bullion, the situation is reversed today.

Read More @ JSMineset.com

Print till it Dies

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by J. Johnson, Miles Franklin:

The US Dollar has had a wonderful run in its life time. Not too many fiat currencies have had the ability to sustain its usage for as long as this mighty experiment has and all who have reported on this instrument of trade are pretty much pointing to the same outcome that it can’t last much longer.

Today, the US Dollar trade sits at 93.55 down 8.6 points in the early morning on this Columbus Day. Not too long ago the dollar broke thru a multiyear downside target of 91.88 which originally happened in May 2016, just before we all went thru the election cycle and surprise of a lifetime, MAGA! That is until we hit a newer low of 90.795 on Sept 8th, 2017 which was just 1 week before the Triple Witch Roll Over (which includes the rolling over of all US debt as well as rolling out of the G7 currencies).  It is also the end of the fiscal year for the United States Government (Sept 30), and another point of interest, the beginning of the Chinese National Golden Week.

Since these events have occurred we have witnessed nothing but a lull in all things trade-able. We even had an eclipse that covered almost all of United States and since that event, our side of the planet has had numerous catastrophic weather events surrounding the “New World” with the USA, Mexico, Cuba, The Virgin Islands, Puerto Rico, Tortola, and countless other islands. These people living in these areas have had life altering changes in infrastructure and livelihood, yet, when it comes to the markets, all we get is float.

Hundreds of billions of dollars (and possibly topping a trillion) have been lost in all things from daily life to all the jobs that are needed to have one. Yet, our stock market has done nothing but continue to rally as if the consequences that have affected millions of citizens no longer matter. What are we watching here in the markets when we have so much at stake and yet nothing works like it did in the past?

We can go back to when the Working Group on Financial Markets came into play and start there because the sole purpose for the creation of the “un-recordable and no transcripts to review” team of bankers, was to make sure the stock market would never have a major correction again that would wipe out traders on the wrong side. But then again, this creation was simply another support mechanism created to hold up the Dollar value after the Federal Reserve was created 75 years before and only 17 years after Nixon removed the dollar from its peg on gold. What we may be witnessing is the complete separation of all things humanity from the markets. Can it be that the market makers have finally made a market that no longer matters to you and me? The answer of course is yes because all emotions have been negated.

Gold, the money of kings and kingdoms, is still sitting just below $1,300 with no possible chance of going higher while the Working Group continues to vibrate without anyone else knowing what they are doing or how they do it. Silver, the money of the people, is under the same influence and is still below $17. These 2 commodities use to be the barometer in which investors could measure the amounts of money being printed and the fears generated by governments run amuck but that too is no longer working.

We watch Open Interest in the precious metals, we watch deliveries, we keep an eye on production numbers globally but these stats point to shortages in the products yet the prices remain stable. What gives? One thing for sure, it’s not a reality we can live with for much longer.

Read More @ MilesFranklin.com

COMEX FINAL DATA/PLUS A FEW MAJOR STORIES

from Harvey Organ, Harvey Organ Blog:

GOLD: $129200 up $6,20

Silver: $1717 up 9 cents

Closing access prices:

Gold $

silver: $

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $xxx DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $xxx

PREMIUM FIRST FIX:  $11.31 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $xxx

NY GOLD PRICE AT THE EXACT SAME TIME: $xxx

Premium of Shanghai 2nd fix/NY:$9.00 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $xx

NY PRICING AT THE EXACT SAME TIME: $xx

LONDON SECOND GOLD FIX  10 AM: $xx

NY PRICING AT THE EXACT SAME TIME. xxx

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 5 NOTICE(S) FOR  500OZ.

TOTAL NOTICES SO FAR: 2334 FOR 233,400 OZ  (7.259TONNES)

For silver:

OCTOBER

 

 124 NOTICES FILED TODAY FOR

 

620,000  OZ/

Total number of notices filed so far this month: 516 for 2,580,000 oz

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end

Let us have a look at the data for today

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In silver, the total open interest  FELL BY  838 contracts from  188,258  DOWN TO 187,422   WITH RESPECT TO YESTERDAY’S TRADING (UP  9 CENTS).  THE CROOKS ARE HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  IT IS OBVIOUS THAT WE MUST HAVE HAD A TINY BANKER SHORT COVERING.

RESULT: A SMALL SIZED FALL IN OI COMEXWITH THE  9 CENT PRICE RISE.  OUR BANKERS WERE FORCED TO COVER SOME OF THEIR HUGE SHORTFAL . 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.937BILLION TO BE EXACT or 133{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 124 NOTICE(S) FOR 620,000OZ OF SILVER.

In gold, the open interest SURPRISINGLY  FELL BY 1616 CONTRACTS DESPITE THE GOOD SIZERISE in price of gold ($6.20 ) .  The new OI for the gold complex rests at 518,389. OUR BANKER FRIENDS WERE CERTAINLY CAUGHT OFF GUARD WITH THE FOMC ANNOUNCEMENT YESTERDAY AFTERNOON AND THEY ALSO DECIDED TO COVER SOME OF THEIR HUGE GOLD SHORTS.

 

Result: A GOOD SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($6.20). WE PROBABLY HAD SOME BANKER GOLD SHORT COVERING BY THE BANKERS. 

we had: 0 notice(s) filed upon for NIL oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:   

Tonight , NO CHANGESin gold inventory at the GLD/

Inventory rests tonight: 858.45 tonnes.

SLV

Today:  NO changes in inventory:

INVENTORY RESTS AT 326.898 MILLION OZ

 

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL BY 838contracts from 188,252  DOWN TO 187,422(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) . IT  SEEMS THAT  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN COVERING THEIR SILVER SHORTS. THE DATA SEEMS TO SUGGEST SOME GOLD SHORT COVERING BUT IN SILVER IT IS BECOMING IMPOSSIBLE FOR THE CROOKS TO COVER. AS SUCH THEY RETREATED TO HIGHER GROUND AND THEN THEY WILL TRY AGAIN.

RESULT:  A SMALL SIZED DECREASE IN SILVER OI  AT THE COMEX DESPITE THERISE IN PRICE OF 9 CENTS WITH RESPECT TO YESTERDAY’S TRADING. OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS 

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 2,18 points or .06{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 69.48 pts or .24{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 73.45 POINTS OR .35/Australia’s all ordinaires CLOSED UP 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UPat 6.5886/Oil DOWN to 50.63 dollars per barrel for WTI and 56.39 for Brent. Stocks in Europe OPENED RED EXCEPT ENGLAND FTSE.  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5885. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.5828 AND BOTH YUANS ARE STRONGER AGAINST THE DOLLAR. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOTHAPPY TODAY.

Read More @ HarveyOrganBlog.com