Friday, July 19, 2019

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BEZOS & DEEP STATE UNITE: AMAZON LAUNCHES CLOUD SERVICE FOR CIA

by James White, Infowars:

CIA’s $600 million contract with Amazon in 2013 finally paying off

Amazon Web Services has introduced cloud service for the CIA and other intelligence agencies five years after signing a $600 million contract with the CIA.

The service, called Secret Region, comes six years after AWS introduced GovCloud, its first data center region for public sector customers.

“With the launch of this new Secret Region, AWS becomes the first and only commercial cloud provider to offer regions to serve government workloads across the full range of data classifications, including Unclassified, Sensitive, Secret, and Top Secret,” Amazon said in a blog post.

AWS VP Teresa Carlson added to the announcement, saying “the U.S. Intelligence Community can now execute their missions with a common set of tools, a constant flow of the latest technology and the flexibility to rapidly scale with the mission.”

AWS concludes the post with a quote by CIA’s top information officer John Edwards.

“The AWS Secret Region is a key component of the Intel Community’s multi-fabric cloud strategy,” he said.

“It will have the same material impact on the IC at the Secret level that C2S [Commercial Cloud Services] has had on Top Secret.”

In 2013, the CIA awarded AWS a $600 million contract in a business deal meant to bolster both the CIA’s cloud service capabilities but also to curry influence with the left-leaning Bezos-owned news outlet The Washington Post.

The CIA’s influence on WaPo is well-documented, as WaPo has essentially been CIA’s mouthpiece during and after the 2016 election, including being first to report on the CIA’s conclusion in a “secret assessment” that Russia interfered in the election on Trump’s behalf.

Trump took jabs at WaPo over the summer for reporting on the CIA-linked fake news.

Read More @ Infowars.com

Analysis of crime scene reveals Stephen Paddock’s body was “rolled over” for photo shoot

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from Intellihub:

Were the ‘leaked’ crime scene photos of Paddock’s 32nd-floor suite, his body, guns, all staged?

LAS VEGAS (INTELLIHUB) Mike Turber with the “5x5News” YouTube channel released a video Sunday which reveals Stephen Paddock’s body had been “rolled over” before crime scene photos were taken in his rented 32nd-floor suite in the Mandalay Bay Resort and Casino.

The analysis was conducted using computer software which separated the older bleed out area (presumably created when Paddock was “face down”) from the fresh bleed out area (where Paddock is pictured face-up.)

“The body was found face down,” Turber said. “To take this picture he obviously had to be turned over.”

Additionally,  a streak can also be seen through the fresh pool of blood which likely emerged from the back of Paddock’s head after he was rolled over.

Turber speculates that law enforcement may have kicked the gun away once they found the suspect lying face down upon entering the room but this does not explain the streak through the fresh pool of blood because the gun would have been kicked away early on when police found Paddock face down.

The following video contains graphic content. Viewer discretion is advised.

Read More @ Intellihub.com

Disturbing New Video Shows Real Life Slave Trade, Humans Being Bought & Sold in the Open

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by John Vibes, The Free Thought Project:

Footage from hidden cameras shows young refugees being auctioned off for as little as $400, after they were kidnapped from Libya and Niger.

Refugees are being kidnapped from Libya and Niger, and sold in auctions for as little as $400, according to an investigative report that documented the abuse in war-torn Libya through hidden cameras that showed young men being lined up to be inspected for buyers, with auctioneers referring to them as “merchandise” and “big strong boys for farm work.”

It is highly likely that there are even more barbaric auctions held for females, and there have been widespread reports of this happening, but so far no footage has been collected of these crimes.

While this is the first footage of this nature that the public has seen, there have been reports of slave auctions in Libya for at least the past year. “The situation is dire. The more IOM engages inside Libya, the more we learn that it is a vale of tears for many migrants. Some reports are truly horrifying and the latest reports of ‘slave markets’ for migrants can be added to a long list of outrages,” Mohammed Abdiker, IOM’s Director of Operation and Emergencies said in a report last year.

Despite the frequent reports of forced labor, sex-trafficking and torture inside Libyan refugee camps, there has been little to no response from local authorities—but now that the news has gone international, the region’s puppet politicians are promising change.

Anes Alazabi, Libya’s Anti-Illegal Immigration Agency told CNN that a full-scale investigation will be launched as a result of their report. However, the agency provided no solutions to the problem aside from taking refugees right back to the violence that they are fleeing in the first place.

“A high-level committee has been convened encompassing representatives from all the security apparatus to oversee this investigation. Priorities of the investigation are not only to convict those responsible for these inhumane acts, but also to identify the location of those who have been sold in order to bring them to safety and return them to their countries of origin,” Alazabi said.

More than 8,800 stranded refugees have been returned home this year, according to the International Organization for Migration.

The mainstream media has framed this as a “migrant crisis.” However, it is important to point out that these people are obviously refugees from war-torn countries that have suffered military destabilization and occupation by US and NATO forces.

Read More @ TheFreeThoughtProject.com

Semi-Automatic, Revolver, Caliber, Cartridges: What You Need to Know When Buying a Gun

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by Daisy Luther, The Organic Prepper:

What do you really need to know before buying a gun? Last week, in the first installment of our series, we talked about some of the things you needed to think about, like how you plan to be using it and some basic definitions. But there’s a lot more to buying a gun that will work well for you than understanding what the words mean.

So, let’s move on to Part 2 of our Monday GunDay guest series by Steve Candidus, who has generously written these articles to make choosing a firearm easier.

What You Need to Know When Buying a Gun

By Steve Candidus

Revolvers vs. Semi-Automatics

Let’s start with an important note – your ammunition is not called bullets – that is what exits the barrel. The complete bullet, powder, and brass or aluminum case, is called a cartridge or round.

Revolvers

A revolver, sometimes called a wheel gun, has a cylinder typically holding five or six rounds. A semi-automatic is flatter in profile and typically holds more ammunition.  It fires a bullet each time the trigger is pulled, and extracts and ejects the spent cartridge case from the firing chamber, re-cocks the firing mechanism, and loads a new cartridge into the firing chamber.

Revolvers do not come with a safety. The trigger pull is longer and it takes more effort to fire them and thus acts as a safety – sort of. Revolvers come in sizes ranging from small pocket size guns to large heavy hunting guns. They are a good choice for home defense as their extra weight is actually an advantage. The weight absorbs more of the felt recoil.

They are loaded by releasing the cylinder button to the rear of the cylinder and swinging the cylinder out exposing the cartridges. By pushing on the cylinder rod that is located under the barrel when closed and in the center of the cylinder the rounds will be pushed out.

Cylinders can be reloaded either one at a time or with gadgets called speed loaders. These are plastic devices in the exact dimension of the cartridges in the cylinder and are held in place internally by small clips. By simply dropping the rounds into the cylinder and releasing the hold mechanism (a twist or a push) the entire cylinder is loaded very quickly.

Semi-Automatics

Semi-Automatics, referred to as semi-autos, are thinner in profile and often carry more ammunition than revolvers.

Note that although some refer to them as ‘autos’ they are still not what is called ‘fully automatic’. A fully automatic weapon is classified as a machine gun. Assault weapons fall into this category and regardless of what you may hear or read in the news media, neither is easily accessible to the general public. These types of weapons require only one pull of the trigger to fire all of the rounds that the gun carries. We will not be discussing those types of guns here.

A semi-auto will only fire one bullet with each pull of the trigger.

Ammunition in a semi-automatic is contained in what’s called a magazine. It is a long rectangular enclosure that can be easily inserted and replaced for a quick reload for the gun. The magazine is located inside of the grip and will drop down to remove by pushing a magazine release button located just behind the trigger on the grip. To insert a new one, just push it in until it clicks.

A semi-auto with all of the rounds in the magazine in a single line is called a single stack. Those with alternating lines of ammo are called a double stack. Typically, a gun that will hold eight rounds in a single stack model will hold about fourteen or fifteen when designed as a double stack. These single stack/double stack magazines are not interchangeable. They are specific to the particular gun they were designed for.

 

Single stack semi-autos are smaller, lighter, thinner, and are usually more comfortable for smaller hands. They are also easier to conceal. You might consider a single stack auto in warm weather when wearing light clothing and a double stack in colder weather with heavier clothing.

Semi-Automatics come with a variety of different types of safety mechanisms called safeties. A passive safety is one that the shooter does not have to activate to set as on or off. The most common type of these look like a split trigger. One part is the firing mechanism and the other is the safety. When you place your finger on the trigger, it will automatically release the safety.

Some semi-autos also come with a grip safety. With a grip safety, the gun is set to safe until you hold it in your hand. That pushes the safety in and to the fire position.

There is also a manual safety on some semi-autos. These are usually located on the slide (that’s the part that moves) and offer an additional measure of safety at the expense of an extra motion that you must remember to initiate before firing.

Regardless of what you ultimately choose, the most important safety on your gun is to remember to NEVER put your index finger on the trigger until you are ready to fire the weapon!!! You might have seen some photos of someone holding a gun with their index finger alongside the barrel. That is where it should be until the exact moment that you intend to fire it.

Lastly, one of the topics that you might hear discussed is whether or not a particular auto has a firing pin. It might seem odd to someone not familiar with guns, but not all guns do. A company called Glock pioneered semi-autos with what are called strikers. They are a simple device and are very reliable. A firing pin is more complex. Both work equally well and your decision need not be based on one or the other. It is simply how the manufacturer designed them so don’t be intimidated by a highly knowledgeable gun person bringing them up. As the shooter you are indifferent.

Metal vs. Polymer

This refers to the material that most of the gun is made of.

Polymer, sometimes referred to as plastic, is a very strong and very light material that is used in constructing the frame (the guns skeleton) and its outside covering. Polymer guns are currently the most popular and because they are made from a mold rather than machined, they can be made with a comfortable and ergonomic grip.

Most polymer guns use a striker mechanism rather than a firing pin (see part 3 Revolvers vs. autos). In order to know whether your auto has a striker or a firing pin you can insert a pencil – eraser end first – into the barrel (making sure that the gun is unloaded first) and pull the trigger. If the pencil shoots up and sometimes even out it has a firing pin. If it barely moves, it has a striker.

Metal guns have an all-metal frame. Some use an aluminum alloy rather than steel to reduce weight, but all will usually be heavier than polymer guns.

The reason that there are more options available for you today for polymer guns than for metal guns is partly because they are lighter, but mostly because they are far less costly to manufacture. For a gun manufacturer, making a polymer gun from a mold is a lot less costly than machining one out of metal.

The barrel and the slide (the top part that moves backward when fired on semi-autos) on all semi-automatics are metal.

Revolvers are usually metal and heavier than semi-automatics.

All About Caliber

Caliber refers to the diameter of the bullet that exits the barrel. It can be a bit confusing too.

For instance, a .45ACP (auto) bullet has a diameter of .451 inches. A .357 magnum has a diameter of .357 inches, but so does a .38 caliber. A 9mm bullet has a diameter of 9.01mm or .355 inches, but so does a .380 auto.

The weight of the bullet is expressed in grains. For instance, a 9mm 115g means that the bullet is 9mm in diameter and it weighs 115 grains.

For personal defense, whether home or carry, the all-time king for stopping power is the .357 magnum. It is only available in revolvers but has the best record of stopping an assailant and in doing so quickly.

Any revolver that is chambered (designed) for .357 magnum will also shoot .38 specials safely. It is not true the other way around. You can NOT fire a .357 magnum round in a gun chambered for .38 special. First of all, it likely will not fit in the cylinder, but a .357 magnum has a lot more energy and would likely damage both the gun and hurt the shooter if they fired a .357 magnum in it.

The same is true for .44 special and .44 magnum.

If you chose a revolver a .357 magnum is a good choice and it can be loaded with the lesser recoiling, but still effective .38 specials or even .38 special +P’s if you can handle the increased recoil.

A ‘+P’ designation means that it is loaded to a higher power level than the standard non +P cartridge with the expected better stopping power and higher recoil.

.44 special and .44 magnum would likely not be a good choice for a new shooter as the weight of the gun and the recoil would both be high.

A few years ago, a new cartridge called .327 Federal magnum was introduced. It has much better stopping power than a .32 auto and has about 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} less felt recoil than its big brother the .357 magnum. It is a very good choice for the beginner that wants to use a revolver. I wish there were more gun choices for them.

For semi-autos, the .45 auto is arguably the king. I say arguably because the full power 10mm semi-auto (.400 inches) is right up there with it albeit with a bit snappier recoil. The tradeoff here is that you usually get at least one extra round of 10mm and better penetration to boot. The 10mm is more like a .357 magnum in a semi-automatic, but its recoil is difficult for the beginner to handle. Smith & Wesson makes a little brother called, not surprisingly, the .40S&W. It is very popular with police departments in the US and is a good choice for personal defense.

The most popular cartridge for automatic handguns is the 9mm. It is sometimes called 9mm Lugar or 9X19. The 19 refers to its case being 19mm long.

It’s the most popular handgun caliber in the world. Ammo is cheap, plentiful and available everywhere and there is probably a larger selection of handguns in 9mm than any other.

If you are planning on a lightweight handgun 115 grain HP’s are a good choice. The best option with a slightly heavier gun or if recoil is not the limiting factor then 124 grain +P’s are best.

The 9mm is not as powerful as the 40S&W or .45ACP, but the same size gun can hold more rounds and its power is more than adequate.

The smallest caliber that should be considered for autos is the .380ACP. Like the 10mm vs 40S&W, it’s the little brother to the 9mm. Note that its stopping power is marginal and many of the guns available for this caliber are not very reliable. That’s not a good thing for a weapon that you might have to depend on for your life, but if that is what you comfortable with and you have a gun that shoots it reliably go for it.

In a pinch, even a 22LR will do. They are small, economic, and recoil is very light. Although dismissed as ‘mouse guns’, don’t dismiss the .22LR. They are used commonly by some of the world’s spy agencies like the Israeli Mossad. You can carry one in an ankle holster or in a purse and hardly even notice that you are carrying it.

Read More @ TheOrganicPrepper.ca

Soaring Deficits Force US Treasury into Foolish Debt Gamble

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by Michael Pento, Market Oracle:

The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} increase in net interest expenses. The annual red-ink problem looks even greater when recognizing that the national debt is already over 105{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Gross Domestic Product (GDP), at nearly $21 trillion, and with an additional $10 trillion projected to be added in the next ten years.

According to the Congressional Budget Office (CBO), the budget deficit grew to 3.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of GDP for fiscal 2017. But due to the growth in spending for Social Security, Medicare, and net interest payments, the deficit explodes to 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of GDP ($1.4 trillion) by 2027.

Hence, it seems absurd for D.C. to pass a tax cut that would pile $1.5-$1.7 trillion on top of all those accumulating deficits and debt. Tax cuts are great, but they must be at least partially offset by spending cuts. Otherwise, interest rates will spike, which will do more harm to the economy than the tax cuts would provide. This is especially the case when debt is more than a nation’s total annual GDP.

But back to the issue at hand; debt and deficits are soaring right now, and it is primarily due to rising interest rates. However, you haven’t seen anything yet as far as rising debt service payments are concerned, not with $10 trillion worth of negative yielding sovereign debt still floating around the world.

But the key point to understand is that virtually all of the central banks’ Quantitative Easing (QE) ends by October of 2018. The Fed will be selling $50 billion each month by then, and the ECB should be winding down its €30 billion to zero around that same timeframe. This means the total monthly dollar amount of QE is in the process of going from around $120 billion each month to zero. The developed world’s money printers are in the process of reversing their incredible stimulus measures, and this extrication from interest rate suppression will continue until the global economy sinks into recession and/or equity markets plunge.

This will then leave only the Bank of Japan (BOJ) in the massive QE business come the fall of 2018 of around $60 billion worth per month, which will be almost entirely offset by Fed sales. Therefore, unless the BOJ desires to dramatically increase its pace of QE, and print enough yen to keep the entire world’s supply of debt in a bubble–which would crash the yen and cause stock market chaos around the globe regardless; interest rates will be rising at a much greater rate than currently witnessed.

The only mollifying event that could keep rates from spiking would be the manifestation of a worldwide recession. However, that would end up sending global debt soaring as government revenue crashes. In this scenario, rates might rise regardless because without immediate central bank intervention, where is the money going to come from to purchase negative yielding debt and who is going to trust that this debt will be money good?

Just three more rate hikes should cause the yield curve to go belly-up and engender a recession in the United States. And those Fed rate hikes, along with the resulting recession, will undoubtedly be the dagger that pops the humongous equity bubble and the phony economy that has been built upon free leverage.

Read More @ MarketOracle.com

MOON LANDING PHOTOS REIGNITE CONSPIRACY THEORIES… AGAIN

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from The Daily Sheeple:

A UFO conspiracist has uncovered what he believes is proof that the moon landings were fake, although his detective work has drawn criticism.

“Does Astronaut’s visor reflection show a stagehand on the Apollo fake Moon set?” is the question posed by Streetcap1, who shared his recent discovery on YouTube.

The photo in question is taken from the Apollo 17 mission, which took place in late 1972. Eugene Cernan and Harrison Schmitt spent about 22 hours exploring the surface and were the last humans to walk on the moon.

The moon landings have been the source of scepticism for conspiracy theorists ever since astronauts Neil Armstrong and Buzz Aldrin set foot on the moon in 1969.

According to Streetcap1, who took a picture of the NASA image using his “software,” the astronaut’s visor reflection appears to show a man “not wearing a spacesuit,” standing on the moon.

“It looks like a man back in the early 1970s, long hair, you know,” he said. “He is wearing some sort of, I don’t know, waistcoat type thing… one leg there, with one shoe, another leg and a shadow of that figure presumably.”

Streetcap1 says he wasn’t a moon landing disbeliever until he came across the suspicious image. “I sort of think we did make it to the Moon, but this is starting to make me think if we did because where is this guy’s spacesuit?”

Streetcap1’s video divided opinion, with some people surprised to have their suspicions raised.

“Pretty Earth-shaking for a believer in the landing,” a commentator said.

“I vote astronaut… the shadow on the ground looks more like an astronaut in a bulky suit,” said another.

However, other photographs taken from the Apollo 17 mission suggest the “stagehand” in the helmet reflection is likely the other astronaut.

One image shared on the NASA website shows Cernan on the moon, with another astronaut clearly seen in his helmet’s reflection.

  Cernan is standing near the lunar rover/NASA
Cernan is standing near the lunar rover/NASA

As Cernan and Schmitt performed three moonwalks over three days, pilot Ronald E. Evans stayed orbiting the moon during this time, in the command service module of the spacecraft.

Examining NASA’s history site, which contains thousands of images from the mission, along with the accompanying transcript of footage taken on the moon, the astronaut pictured is likely Schmitt.

An image shared on NASA’s site shows Schmitt standing next to the large boulder featured in the suspicious image. It was taken by Cernan. If Schmitt turned toward Cernan, he would have been in an ideal position for Cernan’s reflection to be captured in Schmitt’s helmet.

Read More @ TheDailySheeple.com

New Gold-Backed Debit Card Launched In Partnership With MasterCard

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from ZeroHedge:

In recent years, there has been a major debate about the respective merits of gold versus Bitcoin, even though many, not all, gold bulls are also supporters of the latter. Gold advocates generally view favourably Bitcoin’s inherent characteristics of decentralisation, finite supply and ability to operate (so far) outside of the usual interference by western central banks. Having said that, the launch of Bitcoin futures on the CME in the coming weeks could lead to naked shorting of “paper Bitcoin” by any parties, including central banks and large commercial banks, who deem capping of the Bitcoin price necessary. As we discussed last week in “Financial Times: Sell Bitcoin Because The Market Is About To Become “Civilized”, this could align Bitcoin with one of the major issues which has held the gold market hostage for years, time will tell.

While many gold investors remain entrenched in the view that gold will (eventually) prove to be the better store of value, one thing many would acknowledge is that Bitcoin is likely to evolve into a superior means of payment. However, that could be in the process of changing.

A fintech start up is partnering with some financial heavyweights to create a payments system backed by physical – not paper – gold. According to the Financial Times.

The world’s oldest currency is being brought into the digital age with the launch of a debit card and app that will allow people to pay for goods in gold.

Fintech group Glint has teamed up with Lloyds Banking Group in the UK and MasterCard to create an app that enables people to load credit in various currencies, which can then be used to buy a portion of a physical gold bar. Customers use the app at the checkout to select whether to pay in a currency or gold, before transacting with their MasterCard.

The development marks the first time people in the UK and overseas can own just a portion of a gold bar through an app, which can then be used in mobile and debit card-based payments. The app also allows people to send gold to peers in the form of a digital payment. Jason Cozens, Glint’s chief executive and co-founder, said: “Everyone is familiar with gold as one of society’s oldest means of exchange, its universal acceptance, its reliability, its history as a store of wealth and as a means of underpinning the value of ‘paper’ currencies. “Unlike paper currencies, gold can’t be wiped out, devalued or corrupted.”

If you’ve been watching carefully Glint (website is glintpay.com) has been working towards this moment for some time. The Crunch reported a capital raising in August this year, noting the impressive list of backers.

Glint, a stealthy London fintech startup that promises a new “global currency,” has raised £3.1 million from a plethora of individual backers in the financial services and asset management space, alongside early-stage investor Bray Capital.

They comprise Haruko Fukuda, former CEO of the World Gold Council and NED of Investec Bank; Oliver Bolitho, formerly Chairman of Goldman Sachs Asset Management Asia; Hugh Sloane, co-founder of asset manager Sloane Robinson; and Lord Flight Of Worcester, formerly of Guinness Flight Global Asset Management.

Other supporters of the new app include the Tokyo Commodity Exchange, and NEC Capital Solutions, a technology integration company. The co-founder and COO of Glint, Ben Davies (right in the photo below), is well known to us for his media appearances – often lambasting manipulation of the gold price – and for running the precious metals investment fund, Hinde Capital. The CEO and co-founder, Jason Cozens, also has gold market experience, having set up “GoldMadeSimple.com, a website that allows investors to buy and store physical gold. Additionally, he set up two ecommerce and online marketing businesses.

Read More @ ZeroHedge.com

ANOTHER RAID ON GOLD AND SILVER AS PROMISED

by Harvey Organ, Harvey Organ Blog:

MASSIVE AMOUNTS OF GOLD EFP’S ISSUES WHICH MEANS STHAT THERE IS NO GOLD TO BE DELIVERED UPON AT THE GOLD COMEX AND FOR THAT MATTER A HUGE AMOUNT OF SILVER EFT’S ISSUES: SAME STORY AS GOLD/TRUMP LABELS NORTH KOREA AS A TERRORIST STATE/SOUTH KOREA DETECTS ROCKET ENGINE TESTING IN NORTH KOREA/GOOD REASON FOR GOLD AND SILVER TO GO DOWN: THE ECB IS PLANNING ON ELIMINATING DEPOSIT INSURANCE/GERMANY IN CHAOS TONIGHT AS THEY CANNOT FORM A GOVERNMENT AND THEY NEED TO HAVE AN NEW ELECTION AND MOST LIKELY MERKEL WILL NOT SERVE

GOLD: $1276.90  DOWN $19.70

Silver: $16.93 DOWN 45 cents

Closing access prices:

Gold $1276.90

silver: $16.93

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: $1296.26 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1291.40

PREMIUM FIRST FIX: $4.86

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SECOND SHANGHAI GOLD FIX: $1294.99

NY GOLD PRICE AT THE EXACT SAME TIME: $1290.90

Premium of Shanghai 2nd fix/NY:$4.39

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LONDON FIRST GOLD FIX: 5:30 am est $1292.35

NY PRICING AT THE EXACT SAME TIME: $1291.50

LONDON SECOND GOLD FIX 10 AM: $1286.20

NY PRICING AT THE EXACT SAME TIME. 1286.30

For comex gold:

NOVEMBER/

 NUMBER OF NOTICES FILED TODAY FOR NOVEMBER CONTRACT:  1 NOTICE(S) FOR 100 OZ.

TOTAL NOTICES SO FAR: 1052 FOR 105,200 OZ (3.372TONNES)

For silver:

NOVEMBER

3 NOTICE(S) FILED TODAY FOR

15,000 OZ/

Total number of notices filed so far this month: 884 for 4,420,000 oz

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Bitcoin: BID $8100 OFFER /$8125 up $412.00 (MORNING)

BITCOIN : BID $8222 OFFER: $8247 // up $534 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A HUGE 5,383 contracts from 199,711 UP TO 205,094 WITH RESPECT TO FRIDAY’S TRADING  WHICH SAW SILVER RISE  BY 24 CENTS AND BREAK THE HUGE $17.25 SILVER RESISTANCE.   WE HAD ZERO LONG COMEX LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A HUMONGOUS NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE : 1078 DECEMBER EFP’S WERE ISSUED ALONG WITH 0 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1078 CONTRACTS FOR MONDAY. (THE ISSUANCE FOR MARCH THAT WE HAVE SEEN THESE PAST FEW DAYS BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH).  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. THURSDAY WITNESSED  927 EFP’S ISSUED FOR FRIDAY.

RESULT: A HUGE SIZED RISE IN OI COMEX WITH THE 24 CENT PRICE RISE.  ZERO  COMEX LONGS  EXITED OUT OF THE COMEX AND FROM THE CME DATA 1078 EFP’S  WERE ISSUED FOR MONDAY FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.025 BILLION TO BE EXACT or 146{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 3 NOTICE(S) FOR 15,000 OZ OF SILVER

In gold, the open interest SURPRISINGLY ROSE BY A HUMONGOUS 28,707 CONTRACTS WITH THE FAIR SIZED RISE IN PRICE OF GOLD ($10.60) WITH RESPECT TO FRIDAY’S TRADING. WE HAD ZERO COMEX LONGS EXIT THE ARENA.  HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED ON FRIDAY FOR MONDAY  TOTALED AN UNBELIEVABLE: 12,711 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 12,711 CONTRACTS AND FEB SAW THE ISSUANCE OF 0 CONTRACTS. ON THURSDAY, WE WITNESSED A TOTAL OF 4394 EFP’S ISSUED THURSDAY  FOR FRIDAY.  The new OI for the gold complex rests at 561,237. DEMAND FOR GOLD INTENSIFIES DESPITE THE CONSTANT RAIDS.  EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION.  THE BANKERS AT THE COMEX  HAVE JUST STATED THAT THEY HAVE NO METAL!! THIS IS THE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NOT BACKED SILVER (AND GOLD) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND ON TOP OF THAT IT IS TAKING 6 TO 10 WEEKS TO OBTAIN PHYSICAL WHEN FORWARDS ARE DUE.

Result: A HUGE SIZED INCREASE IN OI DESPITE THE FAIR SIZED RISE IN PRICE IN GOLD ON FRIDAY ($10.60). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (12,711 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE ANY PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER WHICH EXPLAINS THE HUGE ISSUANCE OF EFP’S. WE  HAD ZERO GOLD COMEX OI CONTRACTS LEAVE THE COMEX GOLD ARENA.

we had:  1  notice(s) filed upon for 100 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

No change in gold inventory at the GLD/

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

end

.

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

1. Today, we had the open interest in silver ROSE BY 5,383 contracts from 199,711 UP  TO 205,094 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE CONSIDERABLE RISE IN SILVER PRICE (A GAIN OF 24 CENTS AND THE BREAKING OF THAT HUGE $17.25 RESISTANCE). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 1078  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 0 EFP’S FOR MARCH FOR A TOTAL OF 1078 EFP CONTRACTS.  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO  AMOUNT OF SILVER COMEX LIQUIDATION.

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 24 CENT GAIN IN PRICE (WITH RESPECT TO FRIDAY’S TRADING). WE  HAD ANOTHER 1078 EFP’S ISSUED ,TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH ZERO  SILVER COMEX LIQUIDATION.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 9.49 points or .28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 61.27 pts or 0.21{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed DOWN 135.04 POINTS OR 0.60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.17{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6318/Oil UP to 56.44 dollars per barrel for WTI and 61.97 for Brent. Stocks in Europe OPENED GREEN  . ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6318. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6412 //ONSHORE YUAN STRONGER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

Read More @ HarveyOrganBlog.com

Markets Are Trapped in “Zombie-like” State

0

by Jim Rickards, Daily Reckoning:

Markets are holding their collective breath. Not much is happening. But the potential for huge moves has not been greater since late 2015.

The euro is meandering between $1.16 and $1.17. Gold is going sideways between $1,270 and $1,295 per ounce. The yen is trading around 113 to the dollar. The yield to maturity on a 10-year Treasury note is stuck around 2.35{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} with just small moves on a daily basis.

If you had positions in these global macro markets two weeks ago and spent those two weeks in a submarine without surface communications, you would have emerged from undersea to find nothing had changed. It’s as if you were never away.

Of course, the mother of all complacency metrics is volatility in the stock market. It’s near all-time lows and has been stuck there for an unprecedented period of time. No worries here; it’s all good. Why?

Why are markets moving sideways in a complacent, almost zombie-like state?

The reason is that the world is waiting for the Fed.

The Fed’s FOMC meets Dec. 13 to make a decision on interest rate policy. It’s too bad that so many so-called “free markets” are in thrall to the Fed. That means they’re not really free at all.

Markets are creatures of manipulation by Fed policy changes, statements, forward guidance and the other prestidigitation of modern central banks. That’s what you get after 10 years of ZIRP, QE, tapering, QT, forward guidance, currency wars and musings about NIRP.

The Fed has painted itself into a corner and there’s no way to escape the room.

The market is in an asymmetric unstable equilibrium. Right now markets are giving odds of a Fed rate hike in December at close to 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. This means that markets have priced in 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the impact of that policy choice. It also means that if the Fed does not hike rates, markets are in for a shock and will have to reprice violently.

My estimate of the odds of a Fed rate hike in December is about 35{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. Odds are the Fed will not hike and markets will violently reprice in a matter of one or two days.

It’s a “heads I win, tails I don’t lose” situation. If you’re long euros, yen, gold and Treasury notes and the Fed hikes rates, not much should happen, because that outcome is already priced in.

Conversely, if you have those positions and the Fed does not hike rates, you can score huge gains on all of them as markets adjust to a new dovish Fed.

Forget how the market is pricing the outcome. The Fed funds futures market has been off by orders of magnitude before. In mid-February 2017, the futures markets gave the odds of a rate hike in March at 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. I was giving 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} odds. Within three trading days at the end of February, the market odds shifted from 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} before converging at 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} by the March meeting.

That does not mean I’ve got it right this time (although I’m standing by my estimate because it’s based on a reliable model). But it does illustrate that the futures market does not always get this right — not even close.

Read More @ DailyReckoning.com

How Bitcoin Is Saving Lives in Venezuela

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by Justin Splitter, Casey Research:

To some folks, bitcoin is a speculation. To others, it’s a fad.

But to the people of Zimbabwe, it’s a lifeline.

That’s because Zimbabwe’s economy is a basket case. It’s been this way for years.

A decade ago, the central bank of Zimbabwe tried to solve its economic problems by printing money…with predictable results.

In 2007, the inflation rate in Zimbabwe was running at 24,411{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} per year.

By 2008, the situation was so bad that the government stopped tracking inflation.

But experts say the annual inflation rate hit 231 million percent in July 2008. By November 2008, inflation hit 79.6 billion percent.

• That’s when the government finally admitted that its currency was worthless…

It abandoned its own currency and started to use the U.S. dollar and the South African rand instead.

But this hasn’t fixed the country’s problems—not by a long shot.

Inflation in Zimbabwe is still sky-high. Unemployment is at 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. About 74{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the population lives on less than $5.50 per day.

It’s a complete disaster.

• So, the people of Zimbabwe are turning to bitcoin…

And they’re paying a steep premium for it.

According to Bloomberg, one bitcoin in Zimbabwe will now set you back $13,000. That’s almost double the international price.

It seems hard to believe.

But you’ve got to understand something. Cash is still hard to come by in Zimbabwe. Some banks can’t even give their depositors $20 per day.

Plus, many people in Zimbabwe don’t have bank accounts. But a growing number own smartphones. And that’s all you need to buy bitcoin.

But this isn’t just happening in Zimbabwe.

• People in Venezuela are loading up on bitcoin, too…

That’s because their economy is also in shambles.

Unemployment is through the roof. Food shortages are common. And the annual inflation rate is in the triple digits…and rising.

In fact, the International Monetary Fund (IMF) estimates that inflation could top 2,800{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} next year.

The people of Venezuela are becoming increasingly desperate. And many are buying bitcoin to survive.

That’s because bitcoin doesn’t lose value by the day like the bolivar, Venezuela’s currency. Instead, it becomes more valuable.

Some Venezuelans are even using their bitcoin to buy essential items for survival such as medicine and food.

• Others are also “mining” bitcoin…

Mining is how new bitcoins are created.

But you obviously can’t mine bitcoin like you would copper or gold. It’s a digital currency.

Instead, people mine new bitcoins by using computers to solve complex math problems. People who successfully mine bitcoins earn money.

Now, mining bitcoin is normally expensive. That’s because it requires a lot of energy.

But energy is basically free in Venezuela. That’s why an estimated 100,000 Venezuelans are now mining it. Their costs are next to nothing.

According to Bloomberg, some people are now earning $500 per month doing this. That’s a small fortune in Venezuela these days.

• Doug Casey predicted this would happen…

Here’s what Doug told me over the phone back in September:

In all of Africa, most of South America, and a great part of Asia, fiat currencies issued by governments are a joke. They’re extremely unreliable within those countries. And they’re totally worthless outside the physical borders of the country. That’s why those people want dollars.

I think that the Third World will adopt Bitcoin and some other coins in a huge way.

This is because people who own cryptocurrencies, at least for the time being, are making money. They’re saving an appreciating asset rather than a depreciating asset. You’re on a Sisyphean treadmill if you try to save a Third World currency—but ¾ of humanity have no alternative.

Read More @ CaseyResearch.com