Friday, December 14, 2018

GOLD DOWN $4.25 TO $1236.95/SILVER DOWN 6 CENTS TO $14.49

by Harvey Organ, Harvey Organ Blog:

PALLADIUM FOR THE FIRST TIME RISES ABOVE THE PRICE OF GOLD CLOSING AT $1239.00/CHINA STATES THAT THEY WERE QUITE SATISFIED WITH THE TALKS WITH TRUMP AND INDICATE THAT THERE COULD BE A DEAL/THE GATESTONE INSTITUTE SLAMS THE BREXIT DEAL WITH THE EU

GOLD: $1236.95 DOWN $4,25 (COMEX TO COMEX CLOSINGS)

Silver:   $14.49 DOWN 6 CENTS (COMEX TO COMEX CLOSING)

Keiser Report: Not Free to Choose (E1314)

from RT:

https://www.youtube.com/watch?v=v9BWqEmj-jU

In the second half, Max continues his interview with Chris Martenson of PeakProsperity.com about Medicare4All, the economics of fracking, and thoughts from the precipice.

MACRON STUPIDLY SUSPENDS THE GAS TAX BY 6 MONTHS ONLY AND THAT EXCITES THE YELLOW VESTS EVEN MORE AS FRANCE CONTINUES TO BURN

by Harvey Organ, Harvey Organ Blog:

DOW DOWN 799 POINTS/NASDAQ DOWN 283 POINTS AS MARKETS CONFUSED WITH TRUMP/CHINA TRADE STATEMENTS/GOLD UP ANOTHER $2.75/SILVER UP ANOTHER 10 CENTS/.THERESA MAY WITHHELD A REPORT ON THE BREXIT AND CONSEQUENTLY LOST ON A CONTEMPT VOTE IN PARLIAMENT: THE POUND SINKS!!/IRAN AGAIN THREATENS THE KEY CHOKE POINT: THE STRAIT OF HORMUZ/TRUMP TAKES AIM AT AMAZON AND BEZOS AS HE IS NOW GOING TO REFORM THE POST OFFICE/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD ROSE BY $13.25 TO $1233.95/SILVER UP 9 CENTS TO $1445

by Harvey Organ, Harvey Organ Blog:

DOW RISES BY 288 POINTS (NASDAQ BY 111 POINTS) ON A CHINA/USA TRUCE ON TARIFFS: WE ARE TO COME TO A FINAL DEAL IN 90DAYS//THE BOND MARKET DID NOT BUY THE GAIN AS THE 10 YR BOND YIELDS SLUMPED/ALSO THE 3 AND 5 YR INVERTED FOR THE FIRST TIME/FRANCE CONTINUES TO BURN AND THAT WILL HURT THEIR GDP./ITALY BACKTRACKS AND WILL COME UP WITH A 1.9-2.0% DEFICIT TO GDP FOR THEIR BUDGET

EASTERN AND WESTERN CENTRAL BANKS SUPPORT GOLD PRICE

by Egon Von Greyerz, Gold Switzerland:

Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up. But the support from West and East is very different. Western central banks have not been friendly to gold for decades as they have significantly reduced their holdings.

As the chart below shows, central banks’ total gold holdings went from a peak of 38,000 tonnes in the early 1960s to 30,000 tonnes in 2006. The sellers were almost exclusively Western banks.

Keiser Report: Yellow Vests and the Cantillon Effect (E1313)

from RT:

In the second half, Max interviews Chris Martenson of PeakProsperity.com about the economic gap created by central bank money printing and where it all goes from here as political instability rises.

Market Report: Comex open interest sharply lower

by Alasdair Macleod, GoldMoney:

Gold and silver are marginally lower on the week in early morning trade in London, with gold at $1223 and silver at $14.26. On Tuesday and Wednesday morning, prices dipped lower, but recovered later on Wednesday. An option expiry on Comex appeared responsible for this action, with bullion bank traders ensuring as many December calls as possible expired worthless.

GOLD DOWN $4.00 TO $1220.70 AND SILVER WAS DOWN 17 CENTS ON OTC OPTIONS EXPIRY

by Harvey Organ, Harvey Organ Blog:

DOW RISES BY 200 POINTS ON OPTIMISM THAT TRUMP WILL PREVAIL OVER XI TOMORROW (READ PETER TCHIR ON POSSIBLE OUTCOMES)/OFFICES OF COMPLIANCE OFFER OF DEUTSCHE BANK RAIDED TODAY/ALSO WHISTLEBLOWER ON THE URANIUM ONE SCANDAL RAIDED FROM WHICH CAIN HANDS OVER COPIES OF DOCUMENTS CONGRESS AND THE ATTORNEY GENERAL ALREADY HAVE..WHAT A MESS!!/MORE SWAMP STORIES FOR YOU TONIGHT

Refusals To Answer Simple Questions Should Be Enough To Settle The Gold-Rigging Issue

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by Chris Powell, via Silver Doctors:

Dear Friend of GATA and Gold:

Questions are asked to get answers, but refusals to answer may be enough to permit conclusions to be drawn and thus in effect constitute answers as well.

With all these recent refusals to answer, who really cannot believe that governments and central banks long have been manipulating the gold market so they might control the currency markets and thereby defeat all markets?

Consider the following.

Will Silver Shorts End Up Like ShortSellers.com?

by Chris Marcus, Miles Franklin:

Last week a fund called OptionSellers.com blew up. Primarily because they aggressively shorted an asset and left themselves with virtually unlimited risk. Which when the market moved against them, not only wiped out all of their capital. But left some customers actually even owing additional money.

Which is worthwhile to take note of for those involved in the silver market. Where there is an unbacked paper short position that cannot be covered with physical metal. And has left many exposed to an outcome potentially quite similar to what the investors of the OptionSellers.com fund just experienced.

For a long time it was the bullion banks that owned the majority of the short position. Although in recent years that has amazingly been unwound, and passed off to the technical hedge funds that now own it. Which means that the investors of these funds are short an asset with virtually unlimited upside whenever the paper vs. physical imbalance is resolved.

TOMORROW IS OPTIONS EXPIRY LONDON AND OTC GOLD AND SILVER AND ALSO FIRST DAY NOTICE

by Harvey Organ, Harvey Organ Blog:

GOLD UP $1.30 TO $1224.70/SILVER DOWN 2 CENTS TO $14.33/HUGE DROP IN OPEN INTEREST IN GOLD AND SILVER (TOTAL COMPLEX) BUT NOT THE FRONT DECEMBER CONTRACT MONTHS/JEFFRY SNIDER OF ALHAMBRA PARTNERS: A MUST READ TONIGHT ON CHINA’S HUGE MONEY PROBLEMS/3 MONTH LIBOR RISES 3 FULL POINTS SETTING OFF FINANCING COSTS AS WELL AS DOLLAR FUNDING: THIS IS CHINA’S BIG PROBLEM /TWO GOOD COMMENTARIES TONIGHT FROM BRANDON SMITH AND GRAHAM SUMMERS/PLETHORA OF SWAMP STORIES FOR YOU TONIGHT

ALERT! Deutsch Bank Raided by 170 Cops!! (Bix Weir)

from RoadtoRoota:

https://www.youtube.com/watch?v=D44KZQqcbRQ

JP Morgan is Being Investigated for PRICE FIXING by the Department of Justice (DOC)

by David Schectman, Miles Franklin:

Under normal conditions, gold and silver pretty much march along to the same drummer. But I expect it will be different, as we move ahead into 2019.

The price of silver is no longer following the price of gold in a “normal” manner. The 86 to 1 silver to gold ratio is telling us that silver is too cheap. The only question I have is how low will the ratio go in 2019? Will the ratio fall into the 70s or 60s or even lower? It is not a matter of “if,” it’s a matter of “when.”

What will happen to the price of silver if Da Boyz are able to hold the price of gold down? I believe it won’t matter; silver will move up regardless as the stretched-out silver/gold ratio starts correcting and moving lower. Jim Sinclair refers to silver as “gold on steroids.” That is the case on the way lower and on the way higher.