Thursday, July 18, 2019

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Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

by Jan Skoyles, GoldCore:

– ‘Commodities King’ Gartman sees $1,400 gold surge in months
– “Gold is the one currency that will do the best of all…”

– Pullback below $1300 “is relatively inconsequential”
– Use gold price weakness to be a buyer “no question”

– Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms
– Gold will be the best of all, as a result of QE and expansionary policies
– Dalio reconfirms belief that ‘gold serves a purpose’ and portfolios should have exposure
– ‘Gold is a diversifying asset’ says Dalio
– Own allocated, segregated gold in Zurich or Singapore

Editor Mark O’Byrne

Dennis Gartman has called 2017’s gold rally and he is now forecasting gold will be “demonstrably higher” rising to $1,400/oz in the coming months and rise by even more in euro terms.

In an interview on CNBC, he said that the recent correction in gold is but a mere pullback prior to much higher prices and “gold is the one currency that will do the best of all.”

Read More @ goldcore.com

Fort Knox: “Glad Gold Is Safe!”

by Gary Christenson , Deviant Investor:

Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. He tweeted “Glad gold is safe!” He told an audience in Louisville, “I assume the gold is still there.”

The Fort Knox Gold was last audited in the 1950s. Secretary Mnuchin’s statements were not helpful. Questions:

  1. The gold is safe, but where is it? Has most or all Fort Knox gold been shipped to Asia?
  2. How much gold is safe? A few bars? Hundreds of bars in a locked and dimly lit room visible only through a small window? Was it gold or gold plated tungsten?
  3. Does his assurance reduce suspicions of “missing gold” or encourage those speculations?
  4. To whom does it matter if the gold is safe? Total value at current prices for the Fort Knox gold supposedly vaulted is about $200 billion. The annual U.S. government deficit is several times that amount. The official national debt is 100 times larger. Yes, it is important if the gold is vaulted, as claimed, or missing. The truth should be reported.
  5. Will the truth be more unsettling than the suspicions of “missing gold?”
  6. When will an independent and comprehensive audit be conducted?
  7. Assuming a “cover-up” exists, what information besides “missing gold” has been concealed?

*******

From an article posted April 5, 2016:

Fort Knox Paradox

 

Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.

Second Thoughts on US Gold Reserve Audits

Hiding the Elephant: Fort Knox’s Vanishing Act

Doubts about America’s Gold Holdings

Question: If the Bullion Depository contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on “food stamps” every year and nearly one $ Trillion per year on “defense,” so cost is not the issue.

Read More @ https://deviantinvestor.com

Trump Proposes Lowest Refugee Admission Ceiling in Decades

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byPatrick Goodenough , CNSNews:

The Trump administration’s proposed ceiling of 45,000 refugees to be resettled in the United States in the new fiscal year is the lowest cap set since the Refugee Act was passed in 1980.

 

On Wednesday the administration sent to Congress a report on its refugee admission plans for FY 2018. The 45,000 ceiling is a 59 percent drop from the 110,000 cap set by the Obama administration a year ago for FY 2017. (President Trump’s January 27 executive order lowered that to 50,000.)

 

Since the law signed by President Carter in 1980 raised the annual ceiling from 17,400 to 50,000, the lowest cap until now was 67,000, set by the Reagan administration for FY 1986.

 

d Feedback

 

Actual admissions have often fallen below the ceiling set for that year, a pattern especially evident during the years immediately following 9/11.

In FY 2002 and 2003, the Bush administration admitted far fewer refugees than the 70,000 ceiling it set for each year.

In FY 2002, only 27,131 refugees were resettled, 61 percent fewer than the ceiling figure. In FY 2003 admissions rose slightly to 28,403, still 59 percent fewer than the ceiling.

 

A senior administration official said Wednesday that the aim in FY 2018 would be to admit refugee numbers as close to the ceiling as possible.

Read More @ CNSNews.com

 

Scientists have figured out how to produce a fuel that is cheap AND clean

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by Russel Davis, NaturalNews:

Researchers at the Cardiff University in the U.K. recently discovered a cheaper and cleaner way of producing methanol from methane using oxygen from the air.

Methanol was traditionally manufactured by converting methane into hydrogen and carbon monoxide at high temperatures, and then undergoing a second highly pressurized process to reassemble the chemicals in a different order.

However, the research team found that methanol can be produced by using gold nanoparticles to start a chemical reaction between methane, oxygen, and hydrogen peroxide. The chemical process can be accomplished at one stage and at temperatures no higher than 50 degrees Celsius (122 degrees Fahrenheit), the experts noted.

“The current two-stage ‘steam reforming’ process is very energy intensive, as it requires a lot of fuel to achieve high temperatures, but for over a century no-one has been able to come up with a better system. Both methods essentially break a hydrogen bond in a methane molecule and introduce another oxygen atom, but in our process the gold palladium nanoparticles act as a catalyst to bring about this reaction in a single stage,” Professor Stuart Taylor explained.

According to Prof. Taylor, the end product can be used as an alternative to gas. He also noted that the new approach in methanol production may be used in chemical and plastic manufacturing.

Read More @ naturalnews.com

Financial Times Columnist Skewers Wall Street Model in the New York Times

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by Pam Martens and Russ Martens , wallstreetonparade.com:

Rana Foroohar, an Associate Editor and Global Business Columnist for the Financial Times, penned an OpEd at the New York Times yesterday that was as audacious in its insults to the Times’ richest hometown industry, Wall Street, as it was brilliantly in touch with the abject dysfunction of the U.S. financial system.

Foroohar’s thesis is this: “…there’s a core truth about our financial system that we have yet to comprehend fully: It isn’t serving us, we’re serving it.”

Foroohar describes in specific detail what Wall Street On Parade has long described as Wall Street’s institutionalized wealth transfer system. (See our articles describing this system under the menu button above titled “Wealth Transfer Schemes.” You may find two particular articles of interest, here and here.)

Just how high up the chain of command this “service” to Wall Street goes was deftly captured in a Tweet by the President of the United States on Monday of this week. In the midst of a humanitarian crisis in Puerto Rico, where upwards of 3 million fellow Americans are living with limited access to food and water and without any municipal electric power in the midst of a sweltering heat wave in the aftermath of Hurricane Maria, President Trump Tweeted about the “billions of dollars owed to Wall Street and the banks” by Puerto Rico, adding that this debt “sadly, must be dealt with.”

To those of us who instinctively know how Wall Street has its way with Presidents of every stripe, it sounded like Puerto Rico was either going to be extorted in the midst of a humanitarian crisis into sweetening the pot for its creditors on Wall Street or strong-armed into the kinds of privatization schemes that Wall Street has so cleverly inflicted on cash-strapped nations in the past.

Read More @ http://wallstreetonparade.com