Wednesday, June 19, 2019

Nightstick Democracy at its finest…

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by Simon Black, Sovereign Man:

The last several days in Venezuela have been absolutely mind-blowing.

Pretty much all the stories you’ve heard are true– countless people eating out of garbage cans, the appalling shortages of basic staples like food, medicine, and even soap… and the lines.

Oh boy, the lines.

The longest lines I saw, in fact, were not at grocery stores, but at banks.

Hundreds of people were queuing up, many of them to pull money out of their accounts to exchange cash on the black market.

Lines snaked through a bank’s cavernously large lobby, continued outside, wrapped around the entire building, and terminated at some point down the street.

Making a simple withdrawal can be an all-day affair.

Perhaps most surprising was how much Venezuela deteriorated since the last time I came here. And I’m concerned that it will continue to get worse… perhaps even much worse… until it gets better.

As I mentioned last week, long-term this place is a veritable gold mine. The natural resources, cheap hydropower production, port facilities, low-cost workforce, abundant factories, etc.

Venezuela is a manufacturer’s dream.

But none of those opportunities can come to pass until this government collapses and there’s a complete reset.

Undoubtedly the Venezuelan government will eventually run out of money, probably within the next two years. It’s nearly a mathematical certainty.

And when they’ll no longer be able to pay the scumbag police and military who shoot peaceful protesters in the face, it’ll be game over.

But until then they’re doing everything they can to strengthen their grip.

A few months ago the government held a sham election here, where citizens exercised their ‘democratic’ right to choose among a bunch of puppet candidates hand-selected by the government.

You can still see the billboards up across Caracas telling people to go vote between the choices given to them by the government. Freedom!

You’d think that such oppressive tactics to keep a population under control would only exist in brutal dictatorships like Venezuela or North Korea.

But then we witnessed the events in Spain over the weekend where millions of people in the Catalan region went out to vote on independence for their region.

The Spanish government loves democracy so much that they sent tens of thousands of police around the region to confiscate ballots, shut down polling stations, and beat-up peaceful citizens.

This is ‘Nightstick Democracy’ at its finest.

And in a most Orwellian statement, Spanish Prime Minister Mariano Rajoy told reporters later on Sunday that “there was no referendum in Catalonia today. . .”

It was like some Jedi mind trick trying to hide the fact that more than 2 million Catalans voted for independence.

I’m reminded of that old quote, often attributed to Soviet dictator Josef Stalin, that basically says “It’s not the people who vote that counts, it’s the people who count the votes.”

(According to the memoirs of Stalin’s personal secretary, the actual quote was “I consider it completely unimportant who in the party will vote, or how; but what is extraordinarily important is this– who will count the votes, and how.”)

This is pretty pathetic: we are ‘free’, as long as we only vote when they give us permission and choose among the options that they provide us.

A few months ago when writing about Venezuela, I concluded that blockchain technology could fix this.

Think about it– in 2017, it’s pretty ridiculous that people have to go down to a polling station to stuff a paper ballot into a box, all of which will be counted by hand.

Blockchain technology would ensure that everyone registered has exactly one vote, and that every vote is counted once.

No more lost ballots. No more tampering. No more miscounts and recounts. No more voter fraud.

Plus, blockchain voting can be cryptologically hashed to ensure secrecy, as well as provide an easy way for ANY candidate to be nominated.

And compared to the cost of legions of human beings required to supervise and count votes, in addition to the logistical cost of printing and moving all that paper, a Blockchain vote is MUCH cheaper.

Read More @ SovereignMan.com

Whose Bright Idea Was RussiaGate?

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by Paul Craig Roberts, Paul Craig Roberts:

The answer to the question in the title of this article is that Russiagate was created by CIA director John Brennan.The CIA started what is called Russiagate in order to prevent Trump from being able to normalize relations with Russia. The CIA and the military/security complex need an enemy in order to justify their huge budgets and unaccountable power. Russia has been assigned that role. The Democrats joined in as a way of attacking Trump. They hoped to have him tarnished as cooperating with Russia to steal the presidential election from Hillary and to have him impeached. I don’t think the Democrats have considered the consequence of further worsening the relations between the US and Russia.

Public Russia bashing pre-dates Trump. It has been going on privately in neoconservative circles for years, but appeared publicly during the Obama regime when Russia blocked Washington’s plans to invade Syria and to bomb Iran.

Russia bashing became more intense when Washington’s coup in Ukraine failed to deliver Crimea. Washington had intended for the new Ukrainian regime to evict the Russians from their naval base on the Black Sea. This goal was frustrated when Crimea voted to rejoin Russia.

The neoconservative ideology of US world hegemony requires the principal goal of US foreign policy to be to prevent the rise of other countries that can serve as a restraint on US unilateralism. This is the main basis for the hostility of US foreign policy toward Russia, and of course there also is the material interests of the military/security complex.

Russia bashing is much larger than merely Russiagate. The danger lies in Washington convincing Russia that Washington is planning a surprise attack on Russia. With US and NATO bases on Russia’s borders, efforts to arm Ukraine and to include Ukraine and Georgia in NATO provide more evidence that Washington is surrounding Russia for attack. There is nothing more reckless and irresponsible than convincing a nuclear power that you are going to attack.

Read More @ PaulCraigRoberts.org

Why the Catalonian Referendum Matters to Europe

by Luis Miranda, The Sleuth Journal:

The realization of the referendum will mark the fate of representative democracy on the continent.

The Catalonian Referendum is not only a Catalan problem or a Spanish problem, but a European issue whose result may crack democracy as we know it in western Europe.

The situation in Catalonia is a fight for self-determination, and the right to vote. Simply put, what happens in Catalonia will set a precedent for the type of democracy that we will see in Europe and most likely the entire Western world.

It will be a Europe where people get to keep their universal, civil and constitutional rights, or, on the other hand, a region where, as it is happening now in Catalonia, people will have to face serious repression by European governments.

It sounds cliché to say it, but the main reason why the Catalonia issue can’t be resolved is the reality established since the days of Francisco Franco, who turned Spanish institutions and politics into an intolerant structure. “A hard line has been followed,” laments Wikileaks founder, Julian Assange, who perhaps is the only public figure to vehemently support Catalan self-determination. In this sense, the activist has been concerned with how long the repression will continue.

On the Catalan issue, the greatest problem is the central management of the Executive power in Spain, which is led by a corrupt political structure that is just as bad a the Worker’s Party in Brazil, for example. The world is a witness to Spain’s threats to Catalan independence and the right of the people to vote.

The Spanish apparatus has been working to stifle the Catalans’ desire to vote and decide for themselves.

Leaving aside what happens between now and October 1, in the end, what is important are the facts. That is to say, whether or not the referendum will be held, and as a result, how the Spanish security forces will treat the situation in one way or another.

Right now, the Spanish government and its police force are treating the situation in a way that makes pro-independence Catalonians look like criminals. Police has invaded private businesses and confiscated materials while jailing Catalan leaders who support the referendum.

The Spanish government has occupied Catalonia with enough police forces to fight a drug cartel, while Catalonians have protested peacefully on the streets, as they have always done.

According to what has been said, what is being carried out by the Government these days in Catalonia is a very serious repression by European standards, so the concern is to know how long this repression will continue.

In any case, what is important is that there will be a European response to the Catalan issue. The questions is when will it come, and what will it be like. Meanwhile, the danger of a continuous repression by the government of Madrid relies on the fact that more of this kind of repression could be extended to other places in Spain.

As of now, the Spanish government has carried out attacks against freedom of expression that have been concreted in the closure of web pages, in the arrests of the authors of those websites accusing them of sedition and in the orders to Vodafone and Orange to deny access to those web pages.

All previous examples of repression are typical of places where censorship is common, such as Turkey and China. Spain’s actions against free speech is contrary to international rights agreements signed by its government as a member of the EU.

These attempts at censorship have to be brought to light. They need to be exposed, not to help the Catalan cause, but to help Democracy and free speech. If such violations of free speech continue the EU must intercede in some way because it is the scope of its responsibility.

Whether one is in favor or against self-determination or not, the truth is that Catalonia is a country with a significant culture and the situation there has been handled in a terrible way by the central government.

Perhaps some kind of agreement could have been reached at the beginning if the Rajoy administration had been less worried about showing arrogance and more about finding common ground, sitting down to attempt to negotiate, but “Franco’s structural ghost, which still flies over Madrid and almost all Spanish institutions and politics, has led to what we see today.

Read More @ TheSleuthJournal.com

How Did Things Get So Bad in Catalonia?

by Don Quijones, Wolf Street:

Will Spain trigger Article 155 of the Constitution?

Unless concrete measures are taken to calm tensions between Madrid and Catalonia, one of Spain’s richest, safest and most visited regions could soon be plunged into chaos. With neither side willing for now to take even a small step back from the brink, the hopes of any kind of negotiated settlement being reached are virtually nil, especially with the European Commission refusing to mediate.

Since Sunday the Spanish government has even ruled out dealing with Catalonia’s president, Carles Puigdemont, and its vice president, Oriol Junqueras. In other words, the communication breakdown between Madrid and Barcelona is now complete.

But how did things get so bad in Catalonia?

The answer, to borrow from Ernest Hemmingway’s The Sun Also Rises, is “gradually, then suddenly.” While the standoff between Madrid and Barcelona has been on the cards for years, it’s been brewing so slowly that many people were caught off guard when riot units of Spain’s National Police and the Civil Guard began using brutal violence to prevent people from voting in Catalonia’s banned referendum.

Now, what we have on our hands is a full-frontal clash between two diametrically opposed nationalisms that has roots dating back centuries. The most recent tensions were inflamed in 2010, when Spain’s highly politicizedSupreme Court, at the urging of the now governing People’s Party, annulled many of the articles of Catalonia’s recently agreed Statue of Autonomy, effectively stripping the agreement of any meaning. Gone was any chance of any fiscal autonomy. That this happened just as the Financial Crisis was beginning to bite in Catalonia hardly helped matters.

Since then, the Rajoy administration has refused to offer greater fiscal autonomy for Catalonia, or the chance to hold a legitimate referendum on national independence. The argument is always the same: the 1978 constitution forbids it from doing so and it can’t change the constitution, although the Rajoy’s party voted to change the constitution to enable Spain’s bailout of its savings banks while in opposition in 2011.

Catalonia’s regional government, the Generalitat, in the face of such intransigence and seeking to deflect public attention from the brutal austerity cuts it was making, began to take matters into its own hands. Little by little, disobedience became defiance, which gradually evolved into open rebellion.

Read More @ WolfStreet.com

BANKER RAIDS FAIL IN THEIR ATTEMPT TO CAUSE GOLD AND SILVER OPEN INTEREST TO FALL

by Harvey Organ, Harvey Organ Blog:

SPAIN IS NOW PARALYZED WITH STRIKES AND PROTESTERS/WORK IN PROGRESS

GOLD: $1272.00 down $2.75

Silver: $16.61  up 1 CENT(S)

Closing access prices:

Gold $1271.10

silver: $16.63

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: $n/a DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $n/a

PREMIUM FIRST FIX:  $8.24 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $n/a

NY GOLD PRICE AT THE EXACT SAME TIME: $/na

Premium of Shanghai 2nd fix/NY:$13.00 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $not important

NY PRICING AT THE EXACT SAME TIME: $not important

LONDON SECOND GOLD FIX  10 AM: $1283.10

NY PRICING AT THE EXACT SAME TIME. 1283.10

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 1601 NOTICE(S) FOR  160,100OZ.

TOTAL NOTICES SO FAR: 2040 FOR 204,000 OZ  (6.345 TONNES)

For silver:

OCTOBER

 

 12 NOTICES FILED TODAY FOR

 

60,000  OZ/

Total number of notices filed so far this month: 316 for 1,580,000 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 SURPRISINGLY ROSE BY  249 contracts from  182,960  UP TO 183,209  CORRESPONDING TO ANOTHER RAID THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 8 CENTS ). THE CROOKS TRIED TO COVER AS MUCH OF THEIR SILVER SHORTS AS POSSIBLE BUT IT LOOKS LIKE THEY FAILED

RESULT: A SMALL SIZED RISE IN OI COMEX  DESPITE THE  8 CENT PRICE FALL AND CONSTANT TORMENT. IT SURE LOOKS LIKE OUR BANKERS FAILED AGAIN IN THEIR ATTEMPT TO COVER THEIR MASSIVE SILVER SHORTFALL

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.915 BILLION TO BE EXACT or 131{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 19 NOTICE(S) FOR 95,000OZ OF SILVER

In gold, the open interest FELL BY A  MUCH SMALLER THAN EXPECTED 152 CONTRACTS DESPITE ANOTHER WICKED FALLin price of gold ($8.25 ) .  The new OI for the gold complex rests at 530,731. WEHAVE NOW ENTERED GOLDEN WEEK (ONE WEEK OF CHINESE HOLIDAY)..SO EXPECT TORMENT FOR THE REST OF THE WEEK AS THE CROOKS DO NOT HAVE TO WORRY ABOUT PHYSICAL DELIVERIES FOR A WEEK. OUR BANKER FRIENDS WERE NOT SUCCESSFUL IN THE ATTEMPT TO COVER MORE OF THEIR GOLD SHORTS.

 

Result: A SMALL SIZED DECREASE IN OI WITH THEFALL IN PRICE IN GOLD ($3.75) 

we had: 1601 notice(s) filed upon for 160,100 oz of gold.

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

GLD:   WOW

Tonight , A HUGE CHANGE  in gold inventory at the GLD AGAIN WITH THE CONTINUAL DRUBBING GOLD HAS TAKEN THESE PAST FEW WEEKS. THIS HUGE WITHDRAWAL WAS REPORTED LATE LAST NIGHT:  WITHDRAWAL OF  10.35 TONNES

Inventory rests tonight: 854.30 tonnes.

SLV

Today: a SMALL change in inventory:  A WITHDRAWAL OF 142,000 OZ TO PAY FOR FEES

INVENTORY RESTS AT 326.615 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver SURPRISINGLY ROSE BY 249 contracts from 182,960  DOWN TO 183,209 (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 UNSUCCESSFUL IN COVERING THEIR SHORTS.  WITH GOLDEN WEEK IN CHINA, EXPECT THE BANKERS TO HAVE CONSTANT TORMENT THROUGH THIS COMING WEEK AS THEY TRY AND COVER AS MANY AS POSSIBLE OF THEIR SILVER/GOLD SHORTS.

RESULT:  A SMALL SIZED INCREASE IN SILVER OI  AT THE COMEX WITH THE FALL IN PRICE OF 8 CENTS IN FRIDAY’S TRADING. EXPECT CONSTANT TORMENT FOR THE REST OF THE WEEK. 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

)Late MONDAY night/TUESDAY morning: Shanghai closed /Hang Sang CLOSED / The Nikkei closed UP 44.50 POINTS OR 0.22{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.81{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed/Oil DOWN to 50.30 dollars per barrel for WTI and 55.60 for Brent. Stocks in Europe OPENED GREEN .  ALL YUAN FIXINGS CLOSED

Read More @ HarveyOrganBlog.com

Keiser Report (Ep. 1131)

from Keiser Report:

Stacy interviews Erik Voorhees of ShapeShift.io about the latest crackdowns on Initial Coin Offerings in the cryptocurrency space. They also discuss whether or not bitcoin is a store of value or a payment system. Or both.

Chinese Vessels Keeping Close Eye on U.S. Ships in South China Sea

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by Kristina Wong, Breitbart:

China is keeping a close watch on U.S. Navy ships in the South China Sea, even sending vessels to “check out” the ships and lingering for days, according to a recent report.

Two Chinese frigates watched the USS Ronald Reagan, the U.S.’s Japan-based aircraft carrier, on Saturday as it conducted routine drills according to a Bloomberg report.

In addition, the Reagan’s officers described “frequent close quarter surveillance” from Chinese People’s Liberation Army Navy ships in international waters.

Sometimes, those Chinese ships “steam in to check out the carrier.” Other times, the ships linger for days, they said. The Reagan‘s crew have had to alert the Chinese vessels on occasion when they have to sharply alter course, they said.

Rear Adm. Marc Dalton, commander of the Reagan carrier strike group—the complement of ships and aircraft that protect the carrier—said, “We’ve had no issues. They’ve been very professional.”

“We see them on a regular basis,” he said.

Dalton said he would soon lead the carrier to a port call in Hong Kong, the first such visit in three years after a previous request in 2016 was denied.

China claims much of the South China Sea as its own territory, even though parts of it are also claimed by six other countries.

The U.S. maintains the waters are open to international passage and does not take sides in the disputes, but urges nations to resolve territorial disputes peacefully through international arbitration mechanisms.

The Reagan is the only U.S. carrier permanently stationed overseas, and would likely be part of any response to any U.S. military contingency.

North Korean missile and nuclear tests have kept the region on edge in recent months, and the U.S. has kept a military option on the table to prevent North Korea from getting a nuclear bomb that can hit the U.S.

The Reagan strike group is planning to exercise with South Korean defense forces in October, according to the report.

Dalton said the carrier task force he leads is ready to execute its missions, despite a series of accidents by U.S. ships in the Asia Pacific.

Read More @ Breitbart.com

Mariano Rajoy, You are a Disgrace to Spain and the World, Please Resign: Catalonia Has Spoken Loud and Clear

by Mish Shedlock, MishTalk:

panish prime minister Mariano Rajoy, the man who said there would not be a vote, now has to face the facts: 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Voted for Independence.

  • 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the 2.26 million Catalans who voted on Sunday voted in favour of independence, according to preliminary results released by the region’s government. The region has 5.3 million voters. Officials said 770,000 votes were lost due to disruption which resulted in polling stations being raided by Spanish police.
  • Carles Puigdemont, Catalan’s leader, announced in a televised statement that the region had earned the right to become an independent state and that results would be passed the region’s parliament in the coming days.

This video of Madrid thugs stomping on people attempting to vote is worth a replay

Dear PM Rajoy, Here are the Results

  • Despite the hundreds of thousands of police goons you sent in to stop the vote, a vote did indeed take place.
  • With 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the vote in, over 2,020,144 voted for independence.
  • Only 176,565, were against.
  • Your thugs seized another 770,000 ballots, the vast majority of which were undoubtedly in favor of independence.
  • 5.3 million were eligible to vote, and over 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} tried, despite your thug actions.

Read More @ MishTalk.com

Russian Gold Reserves Hit Putin-Era High, Buying Frenzy Accelerates

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from ZeroHedge:

Amid a creeping global de-dollarization, Vladimir Putin appears to be the one leading the charge from the precious metal perspective.

As Bloomberg’s Yuliya Fedorinova and Olga Tanas reportthe Bank of Russia has more than doubled the pace of gold purchases, bringing the share of bullion in its international reserves to the highest of Putin’s 17 years in power, according to World Gold Council data.

Rising at a pace of around 15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} per year, Russia’s absolute gold horde is at a record high…

In the second quarter alone, it accounted for 38 percent of all gold purchased by central banks.

The gold rush is allowing the Bank of Russia to continue growing its reserves while abstaining from purchases of foreign currency for more than two years.

It’s one of a handful of central banks to keep the faith as global demand for the precious metal fell to a two-year low in the second quarter.

“Gold is an asset that is independent of any government and, in effect, given what is usually held in reserves, any western government,” said Matthew Turner, metals analyst at Macquarie Group Ltd. in London.

 

“This might appeal given Russia has faced financial sanctions.”

If Russia’s buying continues at a similar pace, the World Gold Council said the full-year increase in 2017 “could closely match” the 200 tons purchased annually in 2015 and 2016.

At its current pace, Moscow will unseat China for the number five spot of gold-holding nations by the first quarter of 2018.

But China is no slouch, as Reuters reportsChina’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.

Read More @ ZeroHedge.com

John Rubino – Catalonia Succession Vote Brutally Suppressed

by Kerry Lutz, Financial Survival Network:

John Rubino returns… First, again our thoughts and prayers go out to the victims and the loved ones involved in the Las Vegas Massacre. There are just no words to describe the horror. John and I discussed the Catalonian succession vote in Spain. Seems that the powers that be didn’t want to see it happen and attacked innocent people who were voting. There were hundreds of injuries for absolutely now reason. And the vote, largely symbolic, still went to independence. As John says, “It’s easy for a small area to setup a country these days.”

Click HERE to listen.

Read More @ FinancialSurvivalNetwork.com

BREAKING: China’s PROVEN Gold Reserves At 12,100 Tons At End Of 2016

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from SilverDoctors:

If “he who holds the gold makes the rules” rings any bells, then “slow and steady” and “planning for the long-term” may be about to come to an abrupt end…

Chinese markets are closed all week including the Shanghai Stock Market and the Shanghai Gold Exchange.

This week China is celebrating Golden Week, and the Chinese have just come out with a golden announcement.

Reuters is reporting on Chinese proven gold reserves, and this has huge implications.

Here it is straight from Xinhua:

BEIJING, Oct. 2 (Xinhua) — China’s proven gold reserves reached 12,100 tonnes at the end of 2016, making it the world’s second largest gold holder after South Africa.

Zhang Yongtao, vice chairman of the China Gold Association (CGA), revealed the figure at a press briefing.

Last year, total gold transactions in the Chinese market, including trading at gold exchanges, futures exchanges and the over-the-counter gold in commercial banks, reached 70,000 tonnes, said Zhang, who expected the volume to exceed 100,000 tonnes by 2020.

China has been the world’s biggest gold producer for 10 years and the largest gold consumer for four years. It aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently.

In the first half of this year, a total of 207 tonnes of gold were produced, down 9.8 percent from a year ago, according to the CGA.

Meanwhile, gold consumption rose nearly 10 percent year on year to 545 tonnes in the six-month period, with consumption of gold bars up more than 50 percent.

In case anybody missed this interview, now may be a good time to brush up on any number of “oil for gold-backed yuan” commentaries, including this one from Silver Doctors:

Read More @ SilverDoctors.com

CHINA IS ON GOLDEN WEEK HOLIDAY AND THUS THE CROOKS WILL RAID ALL WEEK

by Harvey Organ Blog, Harvey Organ Blog:

SURPRISINGLY NO GOLD OR SILVER LEFT THE GLD OR SLV: I WONDER WHY?/BILL HOLTER’S IMPORTANT PAPER..A MUST READ…

GOLD: $1274.25 down $8.25

Silver: $16.60  down 8 CENT(S)

Closing access prices:

Gold $1271.10

silver: $16.60

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: $n/a DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $n/a

PREMIUM FIRST FIX:  $8.24 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $n/a

NY GOLD PRICE AT THE EXACT SAME TIME: $/na

Premium of Shanghai 2nd fix/NY:$13.00 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $not important

NY PRICING AT THE EXACT SAME TIME: $not important

LONDON SECOND GOLD FIX  10 AM: $1283.10

NY PRICING AT THE EXACT SAME TIME. 1283.10

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 28 NOTICE(S) FOR2800OZ.

TOTAL NOTICES SO FAR: 439 FOR 43900 OZ  (1.3654 TONNES)

For silver:

OCTOBER

 

 19 NOTICES FILED TODAY FOR

 

95,000  OZ/

Total number of notices filed so far this month: 304 for 1,520,000 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 CONSIDERABLY BY  1464 contracts from  184,424DOWN TO 182,960  CORRESPONDING TO ANOTHER RAID THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 14 CENTS ). WITH GOLDEN WEEK IN CHINA STARTING FRIDAY SEPT 29, OUR CROOKS BECOME EMBOLDENED TO CONTINUE THEIR WHACKING KNOWING FULL WELL THAT THEY DO NOT HAVE TO WORRY ABOUT PHYSICAL DELIVERIES FOR AT LEAST A WEEK.

RESULT: A FAIR SIZED FALL IN OI COMEX  WITH THE14 CENT PRICE RISE. IT LOOKS LIKE WE HAD A SMALL AMOUNT OF BANKER SHORTS COVERING AND THUS THEY HAD MILD SUCCESS.  

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.152 BILLION TO BE EXACT or 131{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 19 NOTICE(S) FOR 95,000OZ OF SILVER

In gold, the open interest FELL BY A SMALLER THAN EXPECTED 1800 CONTRACTS WITH THE FALLin price of gold ($3.75 ) WITH YESTERDAY’S COMEX TRADING.  The new OI for the gold complex rests at 530,883. WEHAVE NOW ENTERED GOLDEN WEEK (ONE WEEK OF CHINESE HOLIDAY)..SO EXPECT TORMENT FOR THE REST OF THE WEEK AS THE CROOKS DO NOT HAVE TO WORRY ABOUT PHYSICAL DELIVERIES FOR A WEEK.

 

Result: A SMALL SIZED DECREASE IN OI WITH THEFALL IN PRICE IN GOLD ($3.75) 

we had: 28 notice(s) filed upon for 2800 oz of gold.

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

GLD:   WOW

Tonight , NO CHANGESin gold inventory at the GLD AGAIN DESPITE THE CONTINUAL DRUBBING GOLD HAS TAKEN THESE PAST FEW WEEKS

Inventory rests tonight: 864.65 tonnes.

SLV

Today: a no changes in inventory:

INVENTORY RESTS AT 326.757 MILLION OZ

 

end

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

1. Today, we had the open interest in silver FELL BY1464 contracts from 184,424DOWN TO 182,960 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) . IT  SEEMS THAT A TINY FRACTION OF OUR BANKERS WERE SUCCESSFUL IN COVERING THEIR SHORTS.  WITH GOLDEN WEEK IN CHINA, EXPECT THE BANKERS TO HAVE CONSTANT TORMENT THROUGH THIS COMING WEEK AS THEY TRY AND COVER AS MANY AS POSSIBLE OF THEIR SILVER/GOLD SHORTS.

RESULT:  A GOOD SIZED DROP IN SILVER OI  AT THE COMEX WITH THE FALL IN PRICE OF 19 CENTS IN FRIDAY’S TRADING. EXPECT CONSTANT TORMENT FOR THE REST OF THE WEEK.

(report Harvey)

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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 /Hang Sang CLOSED / The Nikkei closed UP 44.50 POINTS OR 0.22{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.81{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed/Oil DOWN to 50.30 dollars per barrel for WTI and 55.60 for Brent. Stocks in Europe OPENED GREEN .  ALL YUAN FIXINGS CLOSED

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