Monday, January 21, 2019

India Gold Imports Surge To 5 Year High – 220 Tons In May Alone

Cashless push, good for gold
by Mark O’Byrne, Gold Core:

– India gold imports in H1, 2017 greater than all of 2016
– India imported 521 tonnes of gold in first half of 2017
– H1 figure for gold imports $22.2 Bln versus $23 Bln in all ’16
– Gold demand was up 15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} year- on-year in the first quarter
– June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago
– Annual total set to surpass 900 tons, strongest year since ’12
– “I trust gold more than the currencies of countries” – 63{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Indians in Survey

Timeline to Collapse: The End of Market Rigging, Money Fraud, Political & Moral Secrets | Rob Kirby

from Reluctant Preppers:

Rob Kirby, outspoken commentator, proprietary analyst and founder of KirbyAnalytics.com returns to Reluctant Preppers to spell out the timeline to collapse. Kirby explains how intervention in our capital markets has been rampant, our cash system is a crack-house, and why it needs to be busted. Kirby further argues that those who have denied it, perpetrated it, and prolonged it must be outed, and the natural law allowed to restore truthful and just money, to protect world peace. Kirby pulls no punches.

Cryptocurrencies vs. Bullion – Jeff Nielson

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by Jeff Nielson, Sprott Money:
Bitcoin and ethereum. By now, at least one of these names will be familiar to readers. These are “crypto-currencies”.

What is a crypto-currency? In general terms, a crypto-currency is a digital currency where the value/exchange rate of that currency is the product of a complex mathematical formula.

Proponents of these crypto-currencies are adamant that these formulae are valid and therefore this ensures the integrity of these new currencies. That point will be briefly addressed later in this article. For now the focus will be not on what crypto-currencies are, but rather what they are not.

The Gold Industry is in a Massive State of Dysfunction, Delusion and Denial

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by Stewart Dougherty, Gold Seek:
In 1980, the Financial Deep State realized that there existed an extraordinary opportunity for serial plunder and profiteering: the manipulation of the gold and silver markets. They immediately mobilized to exploit it.

During the subsequent 37+ years (we are now well into the 38th), the Deep State manipulators have criminally looted the gold and silver markets, pocketing astronomical profits for themselves in the process, all of which have come from real victims on the other sides of their fraudulent trades. While literally billions of people worldwide have been financially damaged by this crime, many of them severely, not one of the perpetrators has spent so much as ten seconds in jail for the global looting spree they have conducted. This is because precious metals price fraud is a state-sponsored crime.

Illinois On The Brink? The Whole Country Is On The Brink

by Dave Kranzler, Investment Research Dynamics:
The biggest problem facing Illinois is the public pension fund problem. I don’t care what the “official” number is for the degree to which it is underfunded. I can guarantee that even without marking-to-real-market the illiquid investments like private equity funds, derivatives, commercial real estate trusts and other assets that do not have truly visible markets, collectively the public pension system in Illinois is at least 60-70{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} underfunded. Then apply a realistic assumed actuarial rate of return on assets, which would be lower than the current assumption (likely 7.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} ad infinitum) and the underfunding goes to 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. The problem is unsolvable without a complete and drastic restructuring.

TRUMP JR’S EMAIL SPARKS GOLD RECOVERY AS WELL AS SILVER/AGAIN MASSIVE VOLUME IN SILVER AT THE COMEX

HUGE MOVEMENT OF GOLD OUT OF COMEX WHILE HUGE MOVEMENTS INTO THE SILVER COMEX
from Harvey Organ:

RUSSIA EXPELS 35 USA DIPLOMATS AND SEIZES USA PROPERTY IN MOSCOW IN RETALIATION AGAINST SANCTIONS 6 MONTHS AGO.

In silver, the total open interest ROSE BY ONLY 6 contract(s) UP to 207,952 DESPITE THE NICE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 28 CENT(S). WE AGAIN MOST HAVE HAD CONTINUAL NEW SPECS GOING SHORT WITH THE COMMERCIALS BOTH COVERING AND ALSO GOING LONG. THE NET EFFECT A TINY GAIN IN OI.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.039 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 289 NOTICE(S) FOR 1,445,000 OZ OF SILVER

In gold, the total comex gold ROSE BY 4,372 CONTRACTS WITH THE RISE IN THE PRICE OF GOLD ($3.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,624 contracts.

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

Read More @ Harveyorganblog.com

Donald Trump’s Very Own Big, Fat, Ugly Bubble

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by David Stockman, DailyReckoning:
The overwhelming source of what ails America economically is found in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive financial mutations on Wall Street and Main Street.

Bubble Finance policies have fueled an egregious financial engineering by the C-suites of corporate America. This bubble has skyrocketed to the tune of $15 trillion of stock buybacks, debt-fueled mergers deals and buyouts of the last decade.

The Fed fostered a borrowing binge in the household sector after the 1980s. It eventually resulted in Peak Debt and $15 trillion in debilitating debts on the homes, cars, incomes and futures of what used to be middle class America.

Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

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by Jeff Berwick, The Dollar Vigilante:
Just kidding.

The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.

On June 11th, bitcoin stuck its nose just above $3,000 and is currently near $2,377 for a pullback of 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.