Thursday, January 23, 2020

Poloz Mum About Whether BoC Allowing Insiders to Front Run Markets – Peter Diekmeyer (20/01/20)

by Peter Diekmeyer, Sprott Money:

More controversy is emerging at the Bank of Canada, where Governor Stephen Poloz has been trying to slip away after his low interest rate policies fostered trillions of dollars in new debts at the expense of ordinary Canadians.

New data released by Statistics Canada indicates that Canadian individuals, businesses, banks, and governments owed $8.6 trillion at the end of the third quarter of 2019.

That’s an increase of 4.9% in just one year and 44.8% in the seven years since Poloz took office.

The average Canadian is now responsible for $227,927 in debts or $911,702 per family of four.

Keiser Report: Not your settlements layer, not your money (E1490)

from RT:

In the second half, Max talks to Egon von Greyerz of GoldSwitzerland.com about the decade of fantasy which has just passed and whether or not that illusion will be shattered in the decade ahead. As stock markets continue hitting all time new highs almost daily, they wonder how long markets can stay irrationally pumped up by the Fed.

LEBANON CLOSE TO BANKRUPTCY: DOLLARS SCARCE AND HUGE AMOUNT OF DEBT DENOMINATED IN DOLLARS IS DUE

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $9.60 TO $1560.00//SILVER UP 12 CENTS TO $18.06//STRONG QUEUE JUMPING FOR BOTH GOLD AND SILVER//LEBANON CLOSE TO BANKRUPTCY: DOLLARS SCARCE AND HUGE AMOUNT OF DEBT DENOMINATED IN DOLLARS IS DUE//BALTIC DRY INDEX AT RECORD LOWS//TED BUTLER..YOUR WEEKEND READING//SWAMP STORIES FOR YOU TONIGHT

IMPEACHMENT TRIAL BEGINS TODAY

by Harvey Organ, Harvey Organ Blog:

IMPEACHMENT TRIAL BEGINS TODAY//GOLD DOWN $3.00 TO $1550.60//SILVER DOWN 2 CENTS TO $17.94//COMEX GOLD WITNESSES ANOTHER RECORD AT 798,000 PLUS CONTRACTS//TRUMP THREATENED EUROPE WITH A 25% AUTO TARIFF IF THEY DID NOT CALL ON IRAN FOR BREACH OF ITS TERMS//TURKISH JETS VIOLATE GREEK AIRSPACE 91 TIMES YESTERDAY///TRUMP GOING AFTER MR BLOOMBERG AND THE FRAUDULENT HFT TRADING//ALL FORMS OF USA FREIGHT DOWN BADLY//MORE SWAMP STORIES FOR YOU TONIGHT

Keiser Report: What Came First, the Chicken or the Fed? (Ep 1489)

from RT:

In the second half, Max talks to Craig Hemke of TFMetalsReport.com about the latest in the gold market as Trump renews hostilities in the Middle East and the central bank continues pumping money into markets

FLYNN WITHDRAWS HIS GUILTY PLEA

by Harvey Organ, Harvey Organ Blog:

GOLD UP $9.55 TO $1553.60//SILVER UP 21 CENTS TO $1796//HUGE ISSUANCE OF EX.FOR PHYSICALS IN BOTH GOLD/SILVER//USA AND CHINA SIGN PHASE ONE FOR THEIR TRADE DEAL AND THEN TRUMP WANTS MORE RESTRICTIONS ON HUAWEI PRODUCTS//EUROPE TRIGGERS “DISPUTE MECHANISM” ON THE IRAN NUCLEAR DEAL WHICH MAY LEAD TO INCREASED SANCTIONS BY EUROPEANS ON IRAN: ROUHANI THOROUGHLY ANNOYED AND VOWED REVENGE//FLYNN WITHDRAWS HIS GUILTY PLEA//MORE SWAMP STORIES FOR YOU TONIGHT

USA HAS A HUGE BUDGETARY DEFICIT OF $357 BILLION FOR THE FIRST 3 MONTHS

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID FOILED: GOLD DOWN $5.00 TO $1544.05//SILVER DOWN 23 CENTS TO $17.75//HUGE GAIN IN COMEX GOLD OPEN INTEREST AND EX.FOR PHYSICALS//QUEUE JUMPING IN BOTH GOLD AND SILVER//USA HAS A HUGE BUDGETARY DEFICIT OF $357 BILLION FOR THE FIRST 3 MONTHS//ANOTHER HUGE REPO INJECTION (OVERSUBSCRIBED) OF $82 BILLION//FOR SWAMP STORIES FOR YOU TONIGHT

HUGE PROTESTS IN IRAN FOR THE PAST 3 DAYS

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID ON GOLD AND SILVER: GOLD DOWN $8.75 TO $1550.05//SILVER DOWN 10 CENTS TO $17.98//MORE QUEUE JUMPING IN BOTH GOLD AND SILVER//IRAN ADMITS IT DOWNED THE UKRAINIAN AIRCRAFT///HUGE PROTESTS IN IRAN FOR THE PAST 3 DAYS//HSBC ACCUSES MENG ( OF HUAWEI) OF FRAUD AND MISREPRESENTATIONS IN THEIR HOLDINGS IN IRAN//MORE SWAMP STORIES FOR YOU TONIGHT

HUGE QUEUE JUMPING IN BOTH GOLD COMEX AND SILVER COMEX AS BANKERS SEEK OUT PHYSICAL METAL

by Harvey Organ, Harvey Organ Blog:

POOR JOBS REPORT SENDS GOLD AND SILVER HIGHER: GOLD RISES $5.80 TO $1558.80//SILVER IS UP 16 CENTS TO $18.08//HUGE QUEUE JUMPING IN BOTH GOLD COMEX AND SILVER COMEX AS BANKERS SEEK OUT PHYSICAL METAL//IN ANOTHER OMINOUS MOVE THE BANKERS PROVIDED ANOTHER 3027.500 OZ OF “PLEDGED GOLD” TO CONTINUE TO KITING OF PAPER GOLD//GENERAL HAFTER IS A FEW KILOMETERS FROM TRIPOLI CITY CENTRE//HE CAPTURED THE BIG CITY OF SIRTE THIS WEEK//USA TELLS MAHDI THAT THEY ARE NOT LEAVING IRAQ//MORE SWAMP STORIES//YOUR WEEKEND READING: ALASDAIR MACLEOD AND GATEWAY PUNDIT!!

REPO MESS IN THE USA FAR FROM OVER:ANOTHER HUGE REPO UPTAKE COURTESY OF THE FED

by Harvey Organ, Harvey Organ Blog:

BIG RAID ORCHESTRATED BY THE CROOKS ON GOLD AND SILVER //GOLD DOWN $5.50 TO $1553.00// SILVER DOWN 24 CENTS TO $17.92//USA STATES THAT THE UKRAINIAN JET THAT CRASHED IN TEHRAN WAS SHOT DOWN BY A DEFENSE MISSILE// (SUPPOSEDLY ACCIDENTALLY)//MORE ROCKETS FIRED FROM IRANIAN MILITANTS INTO USA BASES IN IRAQ//REPO MESS IN THE USA FAR FROM OVER:ANOTHER HUGE REPO UPTAKE COURTESY OF THE FED//REPO UPTAKE NOW GREATER THAN AT YEAR END//SWAMP STORIES

WILD DAY: IRAN FIRES MISSILES AT USA INTERESTS IN IRAQ

by Harvey Organ, Harvey Organ Blog:

WILD DAY: IRAN FIRES MISSILES AT USA INTERESTS IN IRAQ: NO DAMAGE NOR ANY LOSS OF LIFE: GOLD MONKEY HAMMERED DOWN BY OUR CARTEL MEMBERS BY $14.10//SILVER DOWN 21 CENTS TO $18.16//VOLUME AT THE GOLD COMEX 104% OF THE ENTIRE OPEN INTEREST// IRANIANS SHOOT DOWN A COMMERCIAL UKRAINIAN AIRLINER WITH 180 ABOARD//HUGE STORIES ON THE IRANIAN MISSILE ATTACK//A FEW SWAMP STORIES FOR YOU TONIGHT

by Harvey Organ, Harvey Organ Blog:

GOLD UP FOR THE 10TH STRAIGHT DAY UP $7.00 TO $1572.60// SILVER IS UP 23 CENTS TO $18.37//ANOTHER HUGE QUEUE JUMP FOR GOLD //HUGE NO. OF EXCHANGE FOR PHYSICAL ISSUED FOR GOLD//DO NOT HAVE CONFIRMATION BUT 5 ROCKETS FIRED FROM IRANIAN MILITIA HITS USA BASE IN TAJI IRAQ//CHINA WILL NOT INCREASE ITS AGRICULTURE PURCHASES FROM THE USA: IS PHASE ONE OVER??//EUROPE SCRAMBLES RE; THE IRAN NUCLEAR DEAL//IRAN BURIES SOLEIMANI AND NOW MULLS THEIR REVENGE..IF ANY!!//THE REPO MESS IS BACK!!: FED SUPPLIES 99 BILLION IN LIQUIDITY AND ANOTHER REPO TERM IS OVERSUBSCRIBED//REPUBLICANS GOING AFTER I.G ATKINSON FOR LYING TO CONGRESS ON THE WHISTLEBLOWER DEAL THAT STARTS THE IMPEACHMENT PROCESS//MORE SWAMP STORIES

Bullion Banks Used Paper Gold and Silver to Restrain Price Advance in 2019

by Clint Siegner, Activist Post:

Gold and silver investors buy metals because they are scarce. Precious metals are by nature difficult to find, and hard to produce. Consequently, above ground stocks are limited and valuable, particularly when priced in unlimited fiat currencies.

The bankers and government officials behind these fiat currency systems don’t like stable monetary benchmarks such as gold putting their inflation schemes on full display. They absolutely hate that gold works as a refuge.

Inflation is a stealth tax. Instead of overtly raising taxes, politicians simply borrow and print the money needed for more government. They just need people not to notice.

LBMA claims record amount of gold in London’s vaults

by Ronan Manly, BullionStar:

According to a press release this week from bullion bank controlled industry group the London Bullion Market Association (LBMA), the total amount of gold held by combined LBMA commercial vaults and Bank of England vaults in London hit a record 8,228 tonnes as of the end of September 2019. This, says the LBMA, equates to 658,274 wholesale market gold bars (London Good Delivery gold bars) valued at approximately US $392.9 billion.

Given that LBMA monthly London vaulted gold holdings data is published on a 3-month lagged basis and was first published in July 2017 (with initial data going back to July 2016), the “record high” of London vaulted gold that the LBMA is referring to here is in terms of the 3.5 years since the LBMA made monthly vaulting data public from July 2016 onwards, i.e. the pink line in the chart below.