Thursday, March 21, 2019

CARTEL THROW 2 MILLION OZ OF GOLD KNOCKING GOLD (AND SILVER) DOWN BUT LO AND BEHOLD BOTH METALS RECOVER AS THE DOLLAR TANKS

by Harvey Organ, Harvey Organ Blog:

GOLD UP $6.00 ON THE DAY/SILVER UP 9 CENTS/HURRICANE HARVEY TO HIT TEXAS COAST TONIGHT AND LINGER THERE: NO DOUBT WILL CAUSE TERRIFIC DAMAGE/SEARS HOLDINGS IS ON DEATH WATCH/GOOGLE TO REFUND MONEY DUE TO FAKE ADVERTISING HITS/YELLEN AND DRAGHI SPEECHES: A NOTHING BURGER

GOLD: $1292.85  UP $6.00

Silver: $17.07  UP 9 CENTS

Closing access prices:

Gold $1291.25

silver: $17.04

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: $1293.25 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1285.85

PREMIUM FIRST FIX:  $7.40

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SECOND SHANGHAI GOLD FIX: $1293.25

NY GOLD PRICE AT THE EXACT SAME TIME: $1286.70

Premium of Shanghai 2nd fix/NY:$6.55

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LONDON FIRST GOLD FIX:  5:30 am est  $1287.05

NY PRICING AT THE EXACT SAME TIME: $1287.65

LONDON SECOND GOLD FIX  10 AM: $1285.30

NY PRICING AT THE EXACT SAME TIME. $1281.00???????????????????????????

For comex gold:

AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR  NIL  OZ.

TOTAL NOTICES SO FAR: 4584 FOR 458,400 OZ  (14.258 TONNES)

For silver:

AUGUST

 

 46 NOTICES FILED TODAY FOR

 

230,000  OZ/

Total number of notices filed so far this month: 1178 for 5,890,000 oz

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end

TODAY THE BANKERS THREW 2 MILLION OZ OF PAPER SHORTS TRYING TO KNOCK GOLD OFF ITS PERCH.  IT SUCCEEDED FOR ONLY ONE HOUR AS GOLD REBOUNDED ON NEWS OF YELLEN’S DOVISH SPEECH AT JACKSON HOLE. GOLD FINISHED UP $6.00 AND SILVER WAS UP 9 CENTS. LATE IN THE AFTERNOON DRAGHI’S SPEECH WAS ALSO A NOTHING BURGER AND THAT PROPELLED THE EURO NORTHBOUND (AND THE SINKING OF THE USA DOLLAR INDEX BREAKING THE 93 BARRIER TO 92.56.

I JUST CANNOT WAIT UNTIL I SEE THE OPEN INTEREST FOR BOTH GOLD AND SILVER FOR TODAY.  THEY WILL BE RELEASED LATE IN THE EVENING OR IF THEY CONTINUE LIKE THEY DID LAST WEEK, IT WILL BE RELEASED AT 2 PM SATURDAY.

 

I WILL PLACE THEM  BETWEEN THE XXX’S AS SOON AS I OBTAIN IT: (AND A COMMENT ON IT)

 

 

XXXXXXXXXXXXXXXXXXXXXXXXX

PRELIMINARY OI FOR MONDAY, AUGUST 28

 

 

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Let us have a look at the data for today

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In silver, the total open interest FELL by A CONSIDERABLE 3703 contracts from 192,116 DOWN TO 188,413 DESPITE THE TINY FALL IN PRICE THAT SILVER UNDERTOOK WITH  YESTERDAY’S TRADING (DOWN 9 CENTS). IT SEEMS THAT WE HAD A TRANSFER FROM SILVER OI’S TO SILVER EFP’S AS WE ARE APPROACHING FIRST DAY NOTICE. IN GOLD THE OBLITERATION IS HUGE, BUT IN SILVER IT IS MINOR. THE ISSUANCE OF EFP’S DESTROYS THE PRICE DISCOVERY MECHANISM BECAUSE WE HAVE NO PHYSICAL PRICE ANYWHERE IN THE EQUATION. THE LONGS RECEIVE A FIAT BONUS PLUS A “DELIVERABLE” PRODUCT WHICH IS NO DOUBT A LONDON BASED FORWARD.

RESULT: A LOWER OI WITH A SLIGHT PRICE DECREASE AND TWO RAID FAILURES.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.944 BILLION TO BE EXACT or 135{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 46 NOTICE(S) FOR 230,000OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 2,984 CONTRACTS DESPITE THE FALL  in price of gold ($2.15 LOSS  YESTERDAY .). The new OI for the gold complex rests at 509,211.

AS IN SILVER, THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING TO CLOSE GOVERNMENT IF HE DID NOT GET HIS WALL CAUSED A HUGE NUMBER OF NEWBIE SPECS TO AGAIN ENTER THE GOLD ARENA WITH THE COMMERCIALS SUPPLYING THE NECESSARY PAPER. WE HAD TWO UNSUCCESSFUL RAIDS AGAINST GOLD YESTERDAY AND IT HAD NO REAL EFFECT ON THE PRICE. PLEASE NOTE THAT WE DO NOT GET AN OBLITERATION OF OI IN A NON ACTIVE MONTH. THE BANKERS CALLED UPON THEIR TROOPS TO ORCHESTRATE ANOTHER RAID ON OUR PRECIOUS METALS AND THAT ENDED IN FAILURE AS WELL.

Result: A GOOD SIZED GAIN IN OI with A SMALL FALL IN PRICE IN GOLD.

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:

Today, no changes in gold inventory:

Inventory rests tonight: 799.29 tonnes

IN THE LAST 30 TRADING DAYS: GLD SHEDS 37.68 TONNES YET GOLD IS HIGHER BY $60.35 .

SLV

Today:  WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 333.178 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver FALL BY 3,703 contracts from 192,116 DOWN TO 188,413 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH YESTERDAY’S 9 CENT LOSS IN TRADING. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE WHEREBY TRUMP THREATENED TO SHUT DOWN GOVERNMENT UNLESS HE GOT HIS WALL. NEWBIE SPECS ENTERED THE ARENA. SOME  OLD SPECS, THOSE STILL PLAYING THE HARLEM GLOBETROTTERS VS WASHINGTON GENERALS GAME, TENDERED FOR EFP’S. HOWEVER THE LOSS WAS TINY WHEN WE NORMALLY COMPARE  THE OBLITERATION WE GET IN GOLD. DEMAND FOR SILVER DID NOT DISSIPATE AT ALL, THEY JUST RECEIVED ANOTHER DELIVERABLE PRODUCT IN LONDON.(A FORWARD)

RESULT:  A MUCH LOWER OI AT THE COMEX, WITH A TINY LOWER PRICE. (AND A GAIN IN DELIVERABLE PRODUCT IN LONDON)

(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 THURSDAY night/FRIDAY morning: Shanghai closed UP 60.00 POINTS OR 1.83{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 329.56 POINTS OR 1.20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed UP 98.84 POINTS OR 0.51{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.03{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6560/Oil UP to 47.73 dollars per barrel for WTI and 52.41 for Brent. Stocks in Europe OPENED GREEN. Offshore yuan trades  6.6560 yuan to the dollar vs 6.6560 for onshore yuan. NOW THE OFFSHORE MOVED STRONGER  TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY

Read More @ HarveyOrganBlog.com

Damore’s Revenge: Google Faces Growing Legal Threats As Other Googlers Come Forward

0

from ZeroHedge:

James Damore gained instant fame earlier this month when he was fired for “un-Googly conduct” after publishing a paper on an employee chat board suggesting that men may be better equipped biologically for engineering jobs than women.  Apparently science is embraced by the Left when discussing climate change but not so much when it’s used to suggest that anatomy might just be coded in a person’s DNA rather than being a personal choice that each millennial can make, and change, on a whim.

But, according to a new note from Wired Magazine, Damore’s firing for discussing an ‘un-Googly” political position might not be just an isolated event.  As Damore’s attorney and prominent San Francisco Republican Harmeet Dhillon points out, several other Googlers have come forward claiming that they too were discriminated against for challenging Google’s liberal political orthodoxy.

In an interview, Damore says his firing was not “an independent or isolated event. What I was trying to complain about was the history of political discrimination at Google.” After he was fired August 7 for violating Google’s code of conduct by perpetuating gender stereotypes, Damore says other ex-Googlers told him they had been fired for similar reasons. “It’s a much stronger story and something that Google really has to respond to by actually changing their policies, rather than giving me hush money,” Damore says.

Dhillon is a prominent San Francisco Republican who was considered for a post in the Trump administration. Wednesday, her firm posted a notice on its website saying it is “investigating Google’s employment discrimination against employees on the basis of their political views.” Among other things, the notice seeks people who may have been “written up for ‘un-Googly conduct’ for refusing to comply with the political orthodoxy at the company.”

Damore says at least five others have expressed interest in pursuing legal action. Dhillon says she cannot verify that number. She says she is considering several possible grounds for a lawsuit, including penalizing people for their political beliefs, which are protected in California.

Meanwhile, in a post titled “Have You Experienced Illegal Employment Practices At Google?“, Damore’s attorney is actively recruiting new clients to join the legal fight against Google for the following labor law violations:

  • Discriminated against at Google based on your political views;
  • Been written up for “un-Googly conduct” for refusing to comply with the political orthodoxy at the company;
  • Retaliated against for complaining about employment discrimination at Google;
  • Defamed/slandered/smeared/blacklisted at Google for your political views, or views about affirmative action at Google; or
  • Punished for blowing the whistle on illegal employment practices at Google?

Read More@ ZeroHedge.com

If You Can’t Change Your Mind, Change the Subject

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by Andrew P. Napolitano, Lew Rockwell:

On the heels of his worst week in office, during which his crude comments about race were widely perceived as defending racism and hatred — comments that sent some of his natural domestic allies fleeing — President Donald Trump could not bring himself to articulate a mea culpa.

Instead, he purported to defend as “some very fine people” the monsters who shouted “Jews will not replace us” and “blood and soil” (a virulent Nazi slogan calling for lands where only Aryans may live) as they clashed with those who rejected their messages in Charlottesville, Virginia.

Police failure and general government indifference about the freedom of speech permitted one of the racists to kill one of those who had come to reject the hate.

After the deceased was identified, one of the neo-Nazis there said she deserved to die because she was “fat.” It is difficult for me to accept that I am writing about neo-Nazis calling for racial purity and rejoicing in the death of an innocent — in America in 2017. But here we are. They are among us, and these subjects must be addressed.

At first, the president made a rambling statement about bad people on “both sides”; then he read a nicely worded attack on racists; and then he held a disastrous impromptu news conference in which he was so morally ambivalent that he seemed to reject his duty as president.

Rejecting, as well, the pleas of those around him to renounce his own failure to renounce his moral ambivalence — which won him a public accolade from the most notorious Ku Klux Klan fanatic in the country — Trump decided to change the subject.

Like former President Bill Clinton after his disastrous public appearance before a federal grand jury that was investigating him, Trump decided to fight a war. But the war he announced we will “fight to win” earlier this week is the longest, most misguided, costliest and least understood war in our history, and we are fighting for people who hate us.

If these phrases and ideas sound familiar, they should. They are not my words — though I agree with them — but those of candidate Trump. He articulated them forcefully to the American electorate during last year’s presidential election campaign. He actually began attacking the war in Afghanistan long before he announced his presidential candidacy.

If he has been consistent on any public issue, it has been his opposition to this useless, lawless, costly war — until he needed to change the subject.

Read More @ LewRockwell.com

Why Am I Doing This?

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by Michael Krieger, Liberty Blitzkrieg:

Those of you who’ve read me for many years will have undoubtedly noticed a major transformation in the tone and content of my writing over the course of 2017. This shift has been the result of much personal introspection regarding how I had been doing things in the past and whether I was pleased with the outcome.

In the June post, People Are Devolving Into Degeneracy and Violence – Don’t Join the Club, I noted:

When times get tough people can unite and fight back against a common enemy, or they can be manipulated into fighting each other. Unfortunately, the latter has become increasingly popular amongst all sides in what has become an increasingly deranged, adolescent and counterproductive political environment.

Meanwhile, the people who are truly powerful, the oligarchs of industry and their bought and paid for political minions are the ones who really benefit. The primary purpose of this website from the very beginning has been to highlight how power actually functions in imperial America with the hope that people across the political spectrum could unite and push back against the unaccountable rent-seeking practices of a common enemy. It seems I was extraordinarily naive.

When a writer and thinker such as myself is forced to admit failure, it’s a very tough pill to swallow. Writing this blog is in many ways a thankless task. I’m essentially doing volunteer work day in and day out because I passionately believe in the ideas I put forth, and to see them have little to no effect on the public debate can be very depressing. Rather than seeing human beings unite to throw off the predatory shackles that bind them as I had hoped, I see people who should be coming together punching and yelling at each other in the streets — and that’s on a good day. On bad days, people are getting shot or run over, from Virginia to London. Watching all this madness unfold while the truly powerful sit back and grin, more secure in their positions as ever before thanks to rabble fighting each other, sometimes makes me want to just stop doing this writing thing. After all, what’s the point?

Upon deeper reflection, I’ve come away with several unpleasant self-critiques about how I had been engaging with readers over the past five years. For one thing, I realized that most of my posts revolved around expressing outrage about how poorly other people were acting and how dangerous these actions were to society at large.

While understanding how the system works and identifying some particularly bad actors is very important, it’s not nearly enough. By spending so much thought and energy on the transgressions of others, I realized that I had done my part to contribute to the “outrage culture” which currently infects our political dialogue. Pointing fingers at others incessantly is what unconscious people do, which more conscious people inspire others to live up to their best nature. For years, I had been doing too much of the former, and not enough of the latter. That’s not to say there’s no value in calling out bad actors, I think there is. The point is that my content had become defined by a dangerous imbalance, and it was bad for me and bad for you.

 

To see what I mean, let’s take a step back in time. Upon seeing the government response to the financial crisis nearly a decade ago, I immediately knew that the country was headed for a very dangerous and tumultuous time. This realization left me with a sense of a mission to get out there and warn people about what was happening and the destructive implications that would inevitably follow. You simply cannot have elitist theft and corruption at the scale we witnessed in the post financial crisis era without major blowback. I figured that the most important thing I could do was explain how the entire economy and political paradigm had become a parasitic, criminal, systemic cancer. I figured if people “woke up” to reality and got upset about it, we could unify the public against oligarchy and implement true governance by the people, for the people. I was completely wrong.

People certainly got angry, but much of this anger was channeled toward the election of a narcissistic con man, who immediately handed his administration over to Wall Street, just as all his predecessors had before him. Even worse, the election of Trump has made it even easier to divide the public against one another, rather than against true power. The road we’re headed on right now doesn’t end well, and I’ve recognized the error of my ways.

As I noted in yesterday’s post, operating from a state of anger (or fear) will only result in very bad responses to our real problems. Calling reality as I see it is as important as ever, but merely trying to get people outraged will never get us to where we need to — as individuals or a nation.

Part of the reason I felt like a failure when reflecting upon how things turned out since the financial crisis was due to my unrealistic expectations. I assumed a largely unconscious population could overcome and transcend our corrupt, neo-feudal society simply by becoming outraged. This was an extremely stupid and lazy assumption, and I now recognize that. I’ve since come to understand that a culture does indeed reflect the individuals who reside in it — an discomforting, yet fundamental truth.

Read More @ LibertyBlitzkrieg.com

TWO HUGE WHACKS ON GOLD AND SILVER TODAY BUT OUR PRECIOUS METALS ARE STILL RESILIENT: GOLD DOWN ONLY $2.15 AND SILVER DOWN 9 CENTS

by Harvey Organ, Harvey Organ Blog:

GREECE HIT WITH A HUGE INFLUX OF MIGRANTS FROM TURKEY/ISRAEL WARNS PUTIN THAT IRAN MUST LEAVE SYRIA OR ELSE THEY WILL ATTACK/TRUMP WANTS HIS WALL: IF NOT HE WILL SHUT DOWN GOVERNMENT/CITY OF HARTFORD WILL LIKELY FILE FOR BANKRUPTCY PROTECTION

GOLD: $1286.85  DOW $2.15

Silver: $16.98  DOWN 9 CENTS

Closing access prices:

Gold $1290.40

silver: $17.08

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: $1294.05 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1287.80

PREMIUM FIRST FIX:  $6.25

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SECOND SHANGHAI GOLD FIX: $1293.21

NY GOLD PRICE AT THE EXACT SAME TIME: $1289.60

Premium of Shanghai 2nd fix/NY:$3.61

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LONDON FIRST GOLD FIX:  5:30 am est  $1285.90

NY PRICING AT THE EXACT SAME TIME: $1286.20

LONDON SECOND GOLD FIX  10 AM: $1289.00

NY PRICING AT THE EXACT SAME TIME. $1289.10

For comex gold:

AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR  NIL  OZ.

TOTAL NOTICES SO FAR: 4584 FOR 458,400 OZ  (14.258 TONNES)

For silver:

AUGUST

 

 28 NOTICES FILED TODAY FOR

 

140,000  OZ/

Total number of notices filed so far this month: 1132 for 5,600,000 oz

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end

 

As I have mentioned we are in options expiry week and you should expect pressure on gold/silver for the next 6 trading days. Today, the bankers twice repelled gold/silver’s advance as they try and keep gold under $1300 and silver under $17.00. The USA has only $82. billion left in the kitty with a burn rate of around 3 billion per day. David Stockman believes that there is little chance for a clean rise in the debt ceiling without huge concessions to Democrats. This article is a must read..

Let us have a look at the data for today

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In silver, the total open interest ROSE by A HUGE 4,889 contracts from 187,227 UP TO 192,116 DESPITE THE TINY RISE IN PRICE THAT SILVER UNDERTOOK WITH  YESTERDAY’S TRADING (UP 9 CENTS). NO DOUBT THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING THAT HE WANTS HIS WALL OR HE WILL SHUT DOWN GOVERNMENT CAUSED MANY TO ENTER THE PRECIOUS METALS ARENA.  THE BANKERS HAD NO CHOICE BUT TO SUPPLY THE NECESSARY SHORT PAPER WITH THE NEWBIE SPECS ENTERING THE ARENA WITH RECKLESS ABANDON… SOME OLDER SPECS EXITED WITH A PROFIT.YESTERDAY,  THE BANKERS WERE TELEGRAPHING A RAID THIS MORNING (SILVER SUBDUED IN PRICE COMPARED TO GOLD) WHICH FAILED AGAIN.  THE BANKERS ARE GETTING QUITE NERVOUS WITH THEIR CONTINUED FAILED ATTEMPTS TO CONTROL THE PRECIOUS METALS ARENA.   

RESULT: A MUCH HIGHER OI WITH A SLIGHT PRICE INCREASE.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.966 BILLION TO BE EXACT or 138{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 5,784 CONTRACTS WITH THE RISE  in price of gold ($3.35 GAIN  YESTERDAY .). The new OI for the gold complex rests at 506,227.

AS IN SILVER, THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING TO CLOSE GOVERNMENT IF HE DID NOT GET HIS WALL HAD A HUGE NUMBER OF NEWBIE SPECS ENTER THE GOLD ARENA WITH THE COMMERCIALS SUPPLYING THE NECESSARY PAPER. SOME OLD SPECS SOLD FOR A PROFIT, THINKING THAT THE PRECIOUS METALS WILL ALWAYS LOWER IN PRICE DURING OPTIONS EXPIRY WEEK.

Result: A HUGE GAIN IN OI with A RISE IN PRICE IN GOLD.

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:

Today, no changes in gold inventory:

Inventory rests tonight: 799.29 tonnes

IN THE LAST 29 TRADING DAYS: GLD SHEDS 37.68 TONNES YET GOLD IS HIGHER BY $54.35 .

SLV

Today:  WE HAD A BIG CHANGE IN SILVER INVENTORY TONIGHT: A WITHDRAWAL OF 1.229 MILLION OZ/

INVENTORY RESTS AT 333.178 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver RISE BY 4,889 contracts from 187,227 UP TO 192,116 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH YESTERDAY’S 9 CENT GAIN IN TRADING. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE WHEREBY TRUMP THREATENED TO SHUT DOWN GOVERNMENT UNLESS HE GOT HIS WALL. NEWBIE SPECS ENTERED THE ARENA.  OLD SPECS THINKING THAT OPTIONS EXPIRY WEEK  NEVER WITNESSES A SILVER RISE, SOLD SOME OF THEIR LONGS FOR A PROFIT.  THE BANKERS HAD NO CHOICE BUT TO SUPPLY SOME NEW SHORTS AND AGAIN THEY COULD NOT COVER. THE BANKERS KEPT  SILVER IN CHECK TELEGRAPHING AN ATTEMPTED RAID WHICH AGAIN FAILED THIS MORNING

 

RESULT:  A MUCH HIGHER OI WITH A TINY HIGHER PRICE.

(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 16.19 POINTS OR 0.49{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 166.93 POINTS OR .43{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 80.81 POINTS OR 0.42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6617/Oil DOWN to 48.14 dollars per barrel for WTI and 52.34 for Brent. Stocks in Europe OPENED GREEN , Offshore yuan trades  6.6613 yuan to the dollar vs 6.6617 for onshore yuan. NOW THE OFFSHORE MOVED STRONGER  TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS NOT  HAPPY TODAY

Read More @ HarveyOrganBlog.com

WHAT TBP MEANS TO ME

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by Jim Quinn, The Burning Platform:

With all the turmoil in the last few weeks over websites, censorship, free speech, and leftist tech corporations banning sites they don’t like, I thought it would be a good time to clarify my vision and purpose for The Burning Platform. First, TBP is not an alt-right, white supremacist or pro-nazi website. I also don’t consider it a pro-Republican website. It’s been built by being anti lots of stuff. I don’t want to be part of any group that would have me as a member.

My philosophy is practical libertarian. I want to be left alone to live my life as I choose. I don’t care how others live their lives. The less government, the better. The purpose of our military is to protect our country from invasion, not policing the world. The Austrian School of economics makes the most sense to me. Keynesian economists are either liars or brain damaged. I’m a strict Constitutionalist. I despise Wall Street bankers, the Federal Reserve, liberal politicians, GOP establishment politicians, neo-cons, fake news corporate media, the military industrial complex, government apparatchiks, the surveillance state, and the Deep State oligarchs.

The site’s patron saints are Ron Paul and David Walker. The mistreatment of Ron Paul by the corporate media and the GOP establishment during his 2008 and 2012 campaigns for president was the motivation for me to begin writing. The name of the website is taken from a quote by David Walker which I believe sums up the dilemma facing our country. Our fiscal situation is now far worse than it was when he made this statement in 2007. But still, the ignorant masses continue to mindlessly sleepwalk through life staring at their iGadgets as the American Empire accelerates towards bankruptcy and a great fall.

“The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon.

There are striking similarities between America’s current situation and the factors that brought down Rome, including declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility by the central government. The fiscal imbalance meant the US was on a path toward an explosion of debt.

With the looming retirement of baby boomers, spiraling healthcare costs, plummeting savings rates and increasing reliance on foreign lenders, we face unprecedented fiscal risks. Current US policy on education, energy, the environment, immigration and Iraq also was on an unsustainable path. Our very prosperity is placing greater demands on our physical infrastructure. Billions of dollars will be needed to modernize everything from highways and airports to water and sewage systems.”

 David Walker – 2007

The original intent of creating this website was to have a place where I could post my articles without being censored. Seeking Alpha began changing my articles and eventually banning me. Financial Sense black balled me. They both sold out to Wall Street. After having a falling out with my original web master and then running the site on the cheap by myself for a few years, a massive denial of service attack in 2014 looked like it would be the end of TBP. That is when fellow blogger Mike Krieger and TMWNN came to my rescue. TMWNN fought off the denial of service attack and has protected TBP ever since.

TBP went from a half assed shoestring operation to a more professional website. My generous readers stepped up with a significant level of donations and the big boob ads get plenty of clicks from my dirty old man demographic, generating decent ad revenue. The site has changed dramatically over the last few years as my annual visitor totals have doubled from 4.4 million to 8.8 million. Not bad for some guy doing this in his spare time.

As the TBP community has grown I had to make a choice. I could just write an article or two per week and leave the site dormant for most of the week. I have very limited time, especially during the workweek. It became clear to me the community wanted to interact on a daily basis, so I decided to turn TBP into a mini Zero Hedge with 15 to 20 posts per day from various writers. I’ve been thrilled to have multiple TBPers become great contributors to the site with an outstanding array of articles and viewpoints. I’ve become more of a publisher/editor and less of a writer. I prefer writing, but keeping this community entertained and involved on a daily basis is more important.

The entire point of this website is to piss people off, wake them up to the evils being done by their government, uncover the fake data pumped out on a daily basis by the government and media, reveal the propaganda techniques used by the Deep State to keep the sheep sedated, and warn them of the financial peril that unequivocally will destroy our country. I view everything through the lens of the Fourth Turning. Strauss & Howe’s generational theory makes total sense to me. There is nothing that has happened since I read that book in 2007 to make me question it’s hypothesis. We are in the middle of a Fourth Turning and I’m trying to help people navigate through it.

Read More @ TheBurningPlatform.com

Keiser Report: Empire of Debt (E1114)

from RT:

Max & Stacy discuss the narcissism of central banks holding $15 trillion in their own assets. They also discuss Morgan Stanley saying that some of their investors see Bitcoin as a better hedge to inflation than gold. Max continues his interview with Dan Collins of TheChinaMoneyReport.com to discuss the looming trade war between the US and China, and the mountain of US treasuries owned by China.