Tuesday, December 11, 2018

Canada OUTLAWS the mailing of Precious Metals

from Hal Turner Radio Show:

On November 9, the Canadian government amended rules for “non-mailable items” and snuck into those rules is a prohibition against mailing “. . . gold bullion, gold dust and non-manufactured precious metals . . .”

Precious metals are now a prohibited item and can be seized if mailed.

Worse, anyone found violating the non-mailable guidelines can be charged with an Indictable offense and may be IMPRISONED for up to five years.

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

The Mainstream Has Turned Bullish on Gold; Jim Grant Has Better Reasons Why You Should

by Peter Schiff, Schiff Gold:

After Federal Reserve Chair Jerome Powell released a dovish trial balloon last week, hinting we could be close to an end of the interest rate tightening cycle, the mainstream has suddenly turned bullish on gold. A recent Bloombergarticle proclaimed, “Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019.” 

The article quoted Trey Reik, a senior money manager at the US unit of Sprott Inc. He framed Powell’s comments exactly like Peter Schiff did, saying the Fed chair “flinched.” He went on to say this could signal the end of the recent dollar rally. That would mean a big upside for gold.

Will 2019 Bring a Free and Fair Gold & Silver Market?

by Clint Siegner, Money Metals:

JPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up.

Deutsche Bank pleaded guilty two years ago and forked over hundreds of thousands of documents. John Edmonds, a former JPMorgan trader, entered his own guilty plea last month and turned state’s evidence.

The carefully cultivated system of captured regulators may not help the banks this time.

FBI investigators and Department of Justice attorneys are involved now. This investigation is out of the hands of CFTC bureaucrats who hope to avoid rocking the boat and/or land high paying jobs on Wall Street someday.

$2.6 Million Gold Christmas Tree

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from SalivateMetal:

https://www.youtube.com/watch?v=OFmvYq1AF30

Why EVERY Fiat Currency MUST Fail | David Morgan (Dec 3, 2018)

from Reluctant Preppers:

https://www.youtube.com/watch?v=Mp5yvnzOozg

Something Wicked This Way Comes: Economic Meltdown

from GoldSilver (w/ Mike Maloney):

https://www.youtube.com/watch?v=7X3B0TfDLXc

Eccles Prison Blues—The Big Squeeze

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by Gary Christianson, Miles Franklin:

Johnny Cash sang “Folsom Prison Blues” in 1957. The first verse is:

I hear the train a comin’

It’s rollin’ round the bend,

And I ain’t seen the sunshine

Since I don’t know when.

I’m stuck in Folsom Prison

And time keeps draggin’ on

But that train keeps a rollin’

On down to San Antone. 

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

Story of a Gold Coin

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by Hugo Salinas Price, Plata:

As I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos.

Judging from the price, I figure that the purchase was made sometime in 1972, when the price of a Troy ounce of gold was $46 dollars. The Mexican $50 gold peso coin contains 37.5 grams of pure gold, and 37.5/31.1 grams per Troy ounce, is 1.206: so there is 1.206 times more gold in a Mexican $50 gold peso piece, that in a Troy ounce of gold.

Regulatory Changes in India Could Boost Gold Market

by Peter Schiff, Schiff Gold:

Last week, there was some significant news out of India that could further boost the country’s gold market.

The Indian government will now allow banks to engage in gold bullion business – including holding, buying, selling, hedging and leveraging the yellow metal. Under current rules, banks can only serve as a consignment or channeling agent in the import of gold bullion for jeweler and exporters.

The loosening of regulations could increase a gold market that already ranks as the second-largest in the world behind only China.

Is It Time For The Gold Bulls To Open The Champagne?

by Arkadiusz Sieron, via Silver Doctors:

The gold market considered recent Powell remarks as dovish. And the market is always right, isn’t it?

Just Below Neutral

On Wednesday, Powell delivered a speech “The Federal Reserve’s Framework for Monitoring Financial Stability” at The Economic Club of New York. The majority of analysts judged the speech as dovish. Why? The key reason was Powell’s view that interest rates were close to neutral:

Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy – that is, neither speeding up nor slowing down growth.

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.