Friday, February 22, 2019

Smokin’ Gold Deal!

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from Petros7373:

China Now Home to the World’s Largest Floating Solar Plant

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by Mike Barrett, Natural Society:
In the beginning of June 2017, workers brought a solar energy plant online capable of producing 40 megawatts of power. That’s cool all by itself, but this solar “farm” floats on a manmade lake in China’s Anhui province, and it is the largest floating solar project in the world. [1]

The massive power plant was built by Sungrow Power Supply, and can produce enough energy to power 15,000 homes. The exact size of the operation has not been revealed, but it produces twice as much energy as the previous holder of the largest-floating-solar-plant title, which was launched by Xinyi Solar in 2016.

Upton Sinclair: The Brass Check – Brazen Times in Donnie-dom

from Jesse’s Café Américain:
I will probably update the charts and other information over the weekend.

Considering that today was a Non-Farm Payrolls report, the action in the markets is not particularly surprising.   The talking heads were calling this an almost perfect ‘risk-on’ jobs report.   Right.  Plenty of crappy jobs at wage levels for an unsustainable recovery.    

Not one thing has change in my mind for the intermediate to longer term. Its just that the antics of the major corporate/financial players is becoming more brazen in Donnie-dom.

These quotes are from The Brass Check which was written by Upton Sinclair in 1919.
brass check was a token purchased by a customer in a brothel and given to the woman of his choice. Sinclair saw the moneyed interests of his day holding brass checks with which to purchase politicians, journalists and their editors, and other thought leaders of the day.

Silver News: Mine Production Falls for First Time in 14 Years; New Technological Breakthroughs

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by Peter Schiff, Schiff Gold:
Silver mine production dropped in 2016 for the first time in 14 years.

The Silver Institute highlights the story in its June issue of Silver News, along with the latest technological advances utilizing the white metal.

Falling mine production was a factor in driving down the overall silver supply last year.

Global silver mine production in 2016 recorded its first decline since 2002. When added to declining silver scrap supply, which posted its lowest level since 1996, and a contraction in producer hedging, total silver supply decreased by 32.6 million ounces in 2016.”

Bullion Banks line up in London to support LME’s Gold Futures

by Ronan Manly, BullionStar:
The London Metal Exchange (LME) and World Gold Council have just confirmed that their new suite of London-based exchange-traded gold and silver futures contracts will begin trading on Monday 10 July. These futures contracts are collectively known as LMEprecious.

The launch of trading comes exactly 11 months after this LMEprecious initiative was first official announced by the LME and World Gold Council on 9 August 2016. Anyone interested in the background to these LMEprecious contracts can read previous BullionStar articles “The Charade Continues – London Gold and Silver Markets set for even more paper trading” and “Lukewarm start for new London Gold Futures Contracts”.

This 10 July 2017 launch is itself over a month behind schedule given that LMEprecious was supposed to be launched on 5 June but was delayed by the LME.

A2A with Dave Kranzler of Investment Research Dynamics

by Turd Ferguson, TF Metals Report:
After a few weeks away, the award-winning webinar series “Access to Access” returns today with an update from our pal, Dave Kranzler of Investment Research Dynamics.

It’s always great to have Dave on as a guest and once again he did not disappoint. Over the course of this 54-minute call, Dave addresses a wide range of topics, including:

the developments today at Tahoe Resources
the current CoT structure and its implications for price
why Mother and her Goons are moving to raise the FF rate
possible gold and silver confiscation
how the mining shares may trade in a general equity bear market
and a whole lot more!
Please be sure to give this a listen and thanks again to Dave for all of his time.

Click HERE to Listen

LATEST CARTEL BLITZKREIG, FABRICATED “JOBS” REPORT SETTING THE STAGE FOR SIGNIFICANT PRECIOUS METAL SHORTAGE

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by Andy Hoffman, Miles Franklin:
As it’s still 1:30 AM MST, I’ll reserve judgement on the title, and principal theme, of today’s article until after the June NFP jobs report five hours from now. Given yesterday’s miserable June ADP employment report – featuring a big “miss” versus expectations, ZERO manufacturing job growth, and a significant downward revision of May’s numbers; coupled with the nearly across-the-board declines in June economic “hard data” to date, there’s a good chance the June NFP report will be disappointing, too. Even if, generally speaking, the correlation between these two, putting it mildly, “statistically flawed” reports tends to be low.

If it is indeed weak – according to their rigged statistics, that is; it’s going to be very difficult for the Fed, which markets already give just an 18{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} chance of raising rates in September, to continue purporting “economic strength” and “inflation fears” – particularly now that their own big mouths have catalyzed what could be the start of a significant market correction. To that end, Jim Rickards boldly predicted, yesterday, that by then, Whirlybird Janet will have already experienced the “ding dong, the Fed is dead” moment that must inevitably arrive; when she is forced – not by declining economic data, which she’s been ignoring all year – but plunging financial markets, against the best efforts of the Fed’s “open market operations; to admit the economy is declining, and concede its “tightening” cycle is over after 21 months – of only raising rates to 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, and reducing its $4.5 trillion balance sheet by nary a penny.

Stocks and Precious Metals Charts – Keep the Faith

from Jesse’s Café Américain:
“Rejoice in the Lord, always. I will say it again: rejoice! Let your gentleness be evident to all. The Lord is near. Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, give your concerns to God.  And the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds. in Christ Jesus.”

Phil 4:4-7

I do believe that the queen and I are in the endgame now.   She requires constant watching and care, and I rarely leave her side.  I have been dealing with the short term emergencies and gathering the facts and resources together for next steps, as the situation calls out in its own good time.  As anyone who has been involved in this sort of thing knows, it can drag on for much longer than one might expect—  in the manner of the Fed’s serial asset bubbles achieved through top down stimulus, one might observe.

There is a kind of a peacefulness amidst all this turmoil that at times seems almost beautiful. And, even when things get very bad, there are God’s tender mercies, if we can but keep our hearts and eyes open for them.

Is Manipulation Partly to Blame for Silver’s Plunges?

by Mike Gleason, Money Metals:
Chris Powell: Futures Markets Give High-Volume Trading Discounts to Governments

Coming up we’ll discuss the ongoing manipulation of the gold and silver markets with Chris Powell of the Gold Anti-Trust Action Committee. Chris tells us why he thinks the regulators are so powerless, the troubling authority that allows the government to legally rig markets, and what might happen to the metals if and when this manipulation finally comes to an end. Don’t miss a terrific interview with GATA’s Chris Powell, coming up after this week’s market update.

Well, this week brought both good news and bad news for precious metals bulls. The bad news is that gold and silver prices broke down from their major consolidation patterns. Based on the technical damage done, the momentum and the short-term trend in precious metals markets is pointing lower until new buying interest kicks in.

Click HERE to Listen