Tuesday, September 17, 2019

A Different Powelling – Precious Metals Supply and Demand Report

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by Keith Weiner, Acting Man:

New Chief Monetary Bureaucrat Goes from Good to Bad for Silver

The prices of the metals ended all but unchanged last week, though they hit spike highs on Thursday. Particularly silver his $17.24 before falling back 43 cents, to close at $16.82.

Never drop silver carelessly, since it might land on your toes. If you are at loggerheads with gravity for some reason, only try to handle smaller-sized bars than the ones depicted above. The snapshot to the right shows the governor of Nevada before the bar dropped (based on his sanguine facial expression). [PT]

It was not a gentle fall back. In about an hour and fifteen minutes on Friday morning (as we Arizonans reckon the time), the price of silver dropped from $17.16 to $16.76. Was this a case of the infamous manipulation we’ve all read about? We can’t tell you who did it, but we can show you a clear picture of what happened.

In any case, it seems that either Fed chairman appointee Powell is not good for silver, or else that the price of silver has little to do with continuation of current Fed (central) planning.

Wall Street dispenses appointment advice to Field Marshall Trump, in an effort to prevent any disturbances in the business-as-usual force. The danger is de minimis anywaygiven the nature of central planning… but you never know. So far, so good – the recently anointed Mr. Powell reportedly doesn’t want the Fed to be too hasty with its “policy normalization” adventure. [PT]

Fundamental Developments

We will look at intraday gold and silver supply and demand fundamentals. But first, here are the charts of the prices of gold and silver, and the gold-silver ratio.

Read More @ Acting-Man.com

Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom

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by Dave Kranzler, Investment Research Dynamics:

Stewart Dougherty returns with unique insight into the powerful Deep State forces behind the relentless manipulation of gold and silver. He also presents a searing look at Jim Rickards’ deceptive role as the Deep State’s grifter.

“There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one day before she and her vehicle were blown to bits by a car bomb in Bidnija, Malta

In 2011, gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price went vertical to $1,900 per ounce. Inflation-adjusted, the price was still far below its 1980 all-time high, and from all indications, it was going to keep heading north toward its free market print.

In surging, gold blurted out the Deep State Central Planners’ strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off-the-books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse. Gold’s exposure of the Deep State Central Planners’ secret strategy was absolutely unacceptable to them, and had to be stopped.

Worse, gold’s price breakout interfered with the continuation of the largest and most profitable financial crime in history: gold price manipulation. As we have outlined in previous articles, including “Gold and Silver Price Manipulation: The Biggest Financial Crime in History,” from its commencement in 1980, this crime has netted its perpetrators more than $1 trillion in criminal, Mafia-style profits. The epic scale of this crime is exactly why it continues unabated to this day. (While the gold price rigging crime is virtually identical to the manipulation of silver prices, in the interests of brevity, we will solely focus on gold in this article.)

The weapon used in the gold price manipulation crime is paper, or, better stated, electronic gold in five distinct forms: gold futures; gold options on futures; bullion-bank controlled, deliberately audit-proof gold ETFs; gold EFPs (Exchanges for Physical); and the equities of bullion bank-controlled major mining companies. (The major miners serve the bullion banks, not their shareholders, and have actively participated in gold’s price destruction for years, starting with the “hedging” campaign that handed guaranteed profits to the banks and pitiful share prices to the stakeholders.)

These electronic (in other words, non-physical and unreal) gold products are used by Deep State financial insiders to misdirect funds intended by investors to flow into gold, away from gold. Those who “invest” in electronic gold are, in fact, aiding and abetting the exact financial criminals who are stealing from them. The Deep State financial elite is laughing itself sick that suckers still fall for the electronic gold scam nearly four decades after they first hatched it and after already having stolen $1 trillion from their marks. Proof that many people in our world never learn.

Simplified, the gold price rigging scam works by the orchestrators allowing natural market forces to increase the price in roughly $50 – 100 increments, whereupon they unleash massive, synchronized, simultaneous, shock-and-awe-style naked short sales, unbacked by any physical gold they actually own, that take the price right back down by $50 to $100 in a matter of minutes to a few days. This forces the price-attacked longs to dump their losing positions, enabling the shorts to cover at an illegal profit. Each such large-scale price raid produces hundreds of millions of dollars in profits for the criminal orchestrators, not just from the futures market, but from the companion options, swaps and equities markets, all of which act in unison, and in a price-predictable up or down manner. This identical wash, rinse, repeat cycle has occurred literally hundreds of times over the past 38 years, with no serious investigations or prosecutions whatsoever in that this is official, state-sponsored, for-profit corruption.

Read More @ InvestmentResearchDynamics.com

THE HIGH SILVER OPEN INTEREST FORCES THE BANKERS TO INITIATE ANOTHER RAID TODAY

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $4.75 AND SILVER DOWN 27 CENTS/ITALY’S TARGET 2 IMBALANCE AT A RECORD 433 BILLION EUROS WHICH CAN NEVER BE REPAID/THE SAUDIS NOW FREEZE OVER 1200 BANK ACCOUNTS/USA CONSUMER REVOLVING DEBT CLIMBS NOW OVER 1 TRILLION DOLLARS; NON REVOLVING DEBT: STUDENT LOANS AT A RECORD 1.478 TRILLION DOLLARS AND AUTO LOANS: 1.112 TRILLION DOLLARS

GOLD: $1275.40  DOWN $4.75

Silver: $16.95 DOWN 27  cents

Closing access prices:

Gold $1275.40

silver: $16.95

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: $1293.86 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1279.85

PREMIUM FIRST FIX:  $14.01(premiums getting smaller)

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SECOND SHANGHAI GOLD FIX: $1285.00

NY GOLD PRICE AT THE EXACT SAME TIME: $1279.00

Premium of Shanghai 2nd fix/NY:$6.00 PREMIUMS GETTING smaller)

 

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LONDON FIRST GOLD FIX:  5:30 am est  $1276.35

NY PRICING AT THE EXACT SAME TIME: $1276.30

LONDON SECOND GOLD FIX  10 AM: $1275.60

NY PRICING AT THE EXACT SAME TIME. 1276.95 ??

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 110 NOTICE(S) FOR  11000  OZ.

TOTAL NOTICES SO FAR: 966  FOR 96,600 OZ  (3.004TONNES)

For silver:

NOVEMBER

 

 7 NOTICE(S) FILED TODAY FOR

 

35,000  OZ/

Total number of notices filed so far this month: 863 for 4,315,000 oz

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Bitcoin:  $7174 bid /$7199 offer up $244.00  (MORNING)

BITCOIN CLOSING;$7099 BID:7124. OFFER  down $124.00

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A HUGE  3562 contracts from 204 ,938 DOWN TO 208,500 WITH  YESTERDAY’S  TRADING IN WHICH SILVER ROSE BY A CONSIDERABLE  37 CENTS.  THE CROOKS NO DOUBT ARE PULLING THEIR HAIR AS THEY ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  THEY TRY TO CONTINUE WITH THEIR TORMENT WITH NO APPRECIABLE FALL IN SILVER OI.YESTERDAY HUGE NUMBERS OF NEWBIE SPEC LONGS ENTERED THE SILVER ARENA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED. 

RESULT: A HUGE SIZED RISE IN OI COMEX  WITH THE  CONSIDERABLE 37 CENT PRICE GAIN.  NEWBIE SPEC LONGS ENTERED THE ARENA AND THESE GUYS WERE DUTIFULLY SUPPLIED BY OUR CROOKED BANKERS.  THERE WAS NO SHORTCOVERING YESTERDAY.

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.042 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 7 NOTICE(S) FOR 35,000  OZ OF SILVER

In gold, the open interest ROSE BY A LARGER THAN EXPECTED 8303 CONTRACTS WITH THE GOOD SIZED RISE IN PRICE OF GOLD ($11.25) WITH YESTERDAY’S TRADING .  The new OI for the gold complex rests at 537,727. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.. 

NO EFP’S WERE ISSUED FOR THE NOVEMBER CONTRACT MONTH.

Result: A GOOD SIZED  INCREASE IN OI WITH THE RISE IN PRICE IN GOLD ($11.25). WE HAD ZERO BANK SHORT COVERING AS ANY OF OUR NEWBIE LONGS RE-ENTERED THE GOLD COMEX AREA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

we had: 110 notice(s) filed upon for 11,000  oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

A huge change in gold inventory at the GLD/ a withdrawal of 1.48 tonnes

Inventory rests tonight: 844.27 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.018 MILLION OZ

 

end

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

1. Today, we had the open interest in silver ROSE  BY A HUGE  3562 contracts from 204,938  UP TO 208,500 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE CONSIDERABLE RISE IN SILVER PRICE (RISE OF 37 CENTS).  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS. NEWBIE LONGS IN SILVER RE-ENTERED THE ARENA TO WHICH THE BANKERS  DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 37 CENT RISE IN PRICE  (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF THEIR HUGE BURGEONING SILVER SHORTS . .NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT.  NEWBIE LONGS RE=ENTERED THE SILVER ARENA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

(report Harvey)

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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 MONDAY night/TUESDAY morning: Shanghai closed UP 25.40 points or .75{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 397.54 pts or 1.39{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 389.25 POINTS OR 1.73{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 1.00{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN  at 6.635/Oil UP to 57.26 dollars per barrel for WTI and 63.99 for Brent. Stocks in Europe OPENED  RED  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.638. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.635  //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT VERY HAPPY TODAY.

Read More @ HarveyOrganBlog.com

FAKE GOLD BARS… AGAIN… THIS TIME WITH CERTIFICATION

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by Joseph P. Farrell, Giza Death Star:

Yesterday, you’ll recall, I blogged about the recent Deutsche Bank study that said two things were at the heart of the current financial system’s instability: fiat money (monetized debt), and the absence of a gold standard. The solution being pushed in that study was, of course, a cashless “blockchain” system.

Now, the fact that a major bank like Deutsche Bank – a bank that allegedly carries massive amounts of bad paper and derivatives on its books – would be advocating the serious consideration of blockchain technologies as a serious alternative, should at least raise some concern and suspicions among those who are uncertain about such cryptocurrencies, and should serve to dent some of the enthusiasm certain circles have been showing for them.

Or to put all of that “country simple”, something about them has never passed my “smell test.” It has that mildewy mildly unpleasant stink of rotting money that one encounters in the physical presence of such banking establishments and the dynasties running them.

But anyway, back to the main point: gold. What I find somewhat interesting, and perhaps even something a little more than “coincidental,” is that in more or less the same “time frame” of this ongoing financial mess, the following story also appeared(this was shared by many regular readers here: thanks to all of you):

“This Could Be Huge”: Gold Bar Certified By Royal Canadian Mint Exposed As Fake

Well, I seldom take issue with the title of a story, but in this case, yes, it’s huge: the Royal Canadian Mint apparently certified a gold bar’s purity when the gold bar was not gold.

And it’s difficult to imagine that simply being the result of a “mistake” or “bureaucratic oversight” on the part of the mint. Given all the other strange stories about gold in the past few years, including cases of fake tungsten-filled bars being sold to China, and the difficulty Germany had initially in repatriating its gold (and its subsequent reticence to allow real independent audit of the purity of that gold), it raises questions.

And the questions being pointed to all end in one word: fraud:

According to CBC, the Royal Canadian Mint is investigating how a sealed, “pure gold” wafer with proper mint stampings has emerged as a fake. According to the Canadian press, the one-ounce gold piece, which was supposed to be 99.99{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. The problem emerged when tests of the bar showed it may contain no gold at all. And, when neither the mint nor RBC would take the bar back, jeweler Samuel Tang contacted CBC news.

Now the problem is of course that perhaps someone else simply stamped the bar with the Canadian Royal Mint’s seal. The problem here is that the purchaser of the bar, as noted above, purchased it at a Royal Bank of Canada branch, which would seem to imply that that bank is part of a “distribution” network for something far-less-than-kosher, notwithstanding that

The Royal Canadian Mint said in a statement to CBC it is in process of testing the bar, “although the appearance of the wafer and its packaging already suggests that it is not a genuine Royal Canadian Mint product.”

Well, if that’s the case, then why did the Royal Bank of Canada not detect the problems with the packaging?

And as the article itself notes, a counterfeiter doesn’t produce just one example (consider only the allegedly suspect packaging referred to above. Why go to all that trouble for just one bit of product?). So, in short, we’re back to the implication that the bank which sold the bar may be part of a distribution network – perhaps unwittingly, since it appears it cannot tell the difference between genuine packaging and “fake packaging.”

And all that is assuming, of course, that we’re being told the complete story, and that the counterfeit didn’t originate with the Royal Canadian Mint itself.

The bottom line? Well, in a world where blockchain technologies and cryptocurrencies are being advocated in conjunction with gold for a restructuring of the financial system, it would appear that the gold component isn’t perhaps such a stable component.

Read More @ GizaDeathStar.com

So You’re a Bitcoin Millionaire! Now Where Do You Invest?

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by Jeff Clark, GoldSilver.com:

If you’ve made a profit from bitcoin and other cryptos, congratulations! You’re obviously a smart investor who spotted a trend early on and was able to profit. Hats off to you.

But now it’s time to take some profits… right? If you were smart enough to buy in early, you’re smart enough to know that it’s not a profit until you take it. And that asset prices don’t rise forever, no matter how revolutionary the technology.

Yes, some cryptos will gain widespread acceptance and use, but most won’t. Yes, the technology is here to stay, but that doesn’t mean prices will rise indefinitely. Yes, it’s a whole new industry that will continue to grow and evolve, but that doesn’t mean you’ll make a killing forever.

Until you book a profit, it’s only a gain on paper (or digitally). It’s important to sell some of your position to lock in a gain. Here’s why…

The Key to “Mining” Your Profits

Remember that famous line from the movie The Graduate? “One word: plastics.” Getting into that industry early made many people wealthy.

And the story of Jed Clampett discovering black gold on his property when the oil boom was heating up? The account may be fictional, but plenty of people just like that ended up becoming millionaires.

These were new technologies that changed the landscape in their day, and are still with us today—but the prices of those assets didn’t rise forever.

The big and easy money in plastics is long gone. Oil is priced less than half its 2008 high. The same is true of all new technologies; prices eventually roll over. The technology advances, but prices peak and eventually fall to an equilibrium.

History has demonstrated this numerous times. Here’s a few reminders of why crypto winners may want to take some profits while prices are high…

Computers and the internet were new technologies that forever changed our way of life. But the stocks didn’t rise forever—in fact, the tech bubble became the tech wreck, wiping out much of the gains investors were sitting on. Worse, it took the Nasdaq over 14 years just to climb back to its 2000 nominal high.

Those that didn’t take profits from that industry ended up losing their paper riches.

Read More @ GoldSilver.com

 

 

Physical Gold and Silver Are Not Investment Instruments, They Store Wealth

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by Rory Hall, The Daily Coin:

I love it when the mainstream media creates these hit pieces designed to push people in one direction or the other. These articles are usually filled with emotional triggers with the intent of keeping the reader off balance, and avoiding any thought, while simply reacting to the words on the screen. The latest piece from nasdaq.com article titled “Gold Versus Bitcoin: Which should you buy?” is no different. We will now dismantle this piece stone by stone.

The title of the article is actually 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} wrong. Any real investor should know that gold is not “bought” it is acquired. Gold is not an investment, it is money and protection of wealth. Bitcoin is a digital illusion and is currently acting more like a stock or bond than a currency or money.

What makes more sense, gold or bitcoin? Just a few short years ago, this question would have elicited howls of laughter from 99{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of investors.

The opening paragraph sets the tone and right from the beginning is appealing to the emotions of the reader instead of their intellect.

The article then moves on to offer up more emotional triggers disguised as investment advice.

Even today, in the midst of what is one of the most fantastic bull runs of all time in any investment, bitcoin and the other cryptocurrencies are nowhere near mainstream acceptance. Many investors doubt bitcoin’s worth, even wondering if it has any true value at all.

What they are describing as a “fantastic bull run” is nothing more than hyperinflation finding a place to hide. With more and more people coming to the realization their worthless fiat currency, produced by any privately owned central bank around the world, is in fact worthless and becoming even more worthless as the days go by, they are searching for anything to retain value.

People, primarily individuals and not investment houses, that have awakened to the theft known as taxation and inflation, are looking for any shelter from the storm. These people have decided that hiding in plain sight works for them and cryptocurrencies, while not the easiest situation to navigate, is a better gamble than allowing governments and banksters to steal what little wealth they have attained.

The article then moves in for the pumping of cryptocurrencies and the bashing of gold. Remember, the globalist/elite/establishment/oligarchs what ever you choose to call the owners, want people to stay away from gold and silver, especially in physical form. The owners understand these are money and stores of wealth – always have been, always will be.

I do not doubt that digital currencies and their blockchain backbone are the future of global commerce. In fact, it’s apparent that the entire economic system is being forever altered by this technology. Investors who understand the changes taking place have already made fortunes, and there is still tremendous upside to come!

Still appealing to the readers emotions more so than their intellect the pumping of cryptocurrencies – “still tremendous upside to come”.

Then the author makes it crystal clear the intent is to push bitcoin, digital “currency”,  and steer people away from gold when they proclaim – â€ś7 Reasons Bitcoin Is A Better Investment Than Gold”

Well, let’s start with the word “investment”. Gold, as we continually remind people, is not an investment “Gold is money and everything else is credit and when you understand this you will never be poor again.”

1. The overwhelming trend from physical to digital solutions and processes is the philosophical underpinning supports the rise of cryptocurrencies. Data has taken over every industrial group, from financial markets to agriculture. It just makes sense that data-based currencies are the logical step away from gold as a store of value.

WOW! A digital blip on a screen is a “store of value”? Explain that to the people in Puerto Rico who have been without electricity for the past several weeks and most will be without electricity for several more weeks. There is zero value to anything that one can not acquire or use. Unobtainium is called unobtainium for a reason – it’s un-obtainable!!

What about the internet being all but shutdown, let’s see, on November 6, 2017 – you know, the day before this article was published, and the internet was unavailable to some of the largest, most densely populated areas of the country. The Daily Coin was knocked offline for 4 hours but we couldn’t see the site was knocked offline, even through our service provider, because it was at the next level higher. According to our service provider “everything is working perfectly” and it was.  Read this to learn more about what happened yesterday and the massive impact across the country. All of this had ZERO impact on my ability to use gold and a handshake to conduct business.

Here’s a visual of the outage.

 

Notice anything about the big red spots? They just happen to cover some of the largest cities in the country where most of the people in this country live and work.

So, this idea that a digital blip on a screen is somehow going to protect my family from the ravages of a totalitarian government is so far removed from reality that it is laughable.

The next line in this farce has to do with my phone. If I had my way I would go back to a rotary dial phone without voicemail.

In the developed world, most everyone has or wants a smartphone.

This is probably true, but it is once again appealing to emotion instead of investing or protecting ones wealth. “everyone has or wants a smartphone” is telling people there is probably something wrong with them if they don’t have one of these digital tracking devices that just happens to make phone calls. These devices also allow the government and banksters to track 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of everyones activity, conversations and “every breath you take“.

We finally come upon the words that show how a great propaganda piece reads. Probably the only words of truth written in this article. Of course, it begins with grooming of the reader to keep them on the track the author wishes for them to be.

3. The move to digital currencies is one of the final steps in the evolution of economics. Commerce began with the bartering of physical goods. Next, the world relied on gold, silver, and other commodities to store value and trade with others. Paper money and coins backed by gold allowed the acceleration of global business and made the trading of labor for needs and wants much more accessible for all strata of the economic system. In the last century, the gold standard was dropped entirely, with currencies supported by nothing but faith in governments.

Read More @ TheDailyCoin.com

GOLD REBOUNDS NICELY UP $11.25 TO $1280.15 BUT THE STAR OF TODAY IS SILVER UP 37 CENTS CLOSING AT $17.22

by Harvey Organ, Harvey Organ Blog:

SHANGHAI PREMIUMS TO NY PRICING IS $23.08/TROUBLE IN CHINA’S SHADOW BANKING SECTOR/CHAOS SUPREME REIGNS OVER SAUDI ARABIA AND THIS MAY LEAD TO A MIDDLE EAST WAR/BILL HOLTER..A MUST READ FOR TONIGHT/SENSELESS TERROR YESTERDAY IN TEXAS/TAX REFORM LEGISLATION IS ALREADY DEAD ON ARRIVAL IN THE SENATE

GOLD: $1280.15  UP $11.25

Silver: $17.22 UP 37  cents

Closing access prices:

Gold $1282.00

silver: $17.22

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: $1291.77 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1269.00

PREMIUM FIRST FIX:  $22.77(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1291.58

NY GOLD PRICE AT THE EXACT SAME TIME: $1268.50

Premium of Shanghai 2nd fix/NY:$23.08 PREMIUMS GETTING HUGE)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!  

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LONDON FIRST GOLD FIX:  5:30 am est  $1271.60

NY PRICING AT THE EXACT SAME TIME: $1271.60

LONDON SECOND GOLD FIX  10 AM: $1270.90

NY PRICING AT THE EXACT SAME TIME. 1271.80 ??

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 27 NOTICE(S) FOR  2700  OZ.

TOTAL NOTICES SO FAR: 856  FOR 85,600 OZ  (2.662TONNES)

For silver:

NOVEMBER

 

 10 NOTICE(S) FILED TODAY FOR

 

50,000  OZ/

Total number of notices filed so far this month: 856 for 4,280,000 oz

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Bitcoin:  $7361 bid /$7368 offer up $138.00  (MORNING)

BITCOIN CLOSING;$7099 BID:7124. OFFER  down $124.00

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY A SMALL SIZED 1130 contracts from 206 ,068 DOWN TO 204,938 DESPITE  FRIDAY’S  TRADING IN WHICH SILVER FELL BY A CONSIDERABLE  27 CENTS.  THE CROOKS NO DOUBT ARE PULLING THEIR HAIR AS THEY ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  THEY TRY TO CONTINUE WITH THEIR TORMENT LIKE THE RAID ON FRIDAY.  A FEW NEWBIE SPEC LONGS LEFT THE SILVER ARENA AND THUS WE HAVE A VERY TINY BANKER SHORT COVERING. 

RESULT: A SMALL SIZED FALL IN OI COMEX  DESPITE THE  CONSIDERABLE 27 CENT PRICE LOSS.  OUR BANKERS COULD HARDLY COVER ANY OF THEIR HUGE SHORTFALL DESPITE THE MANIPULATED CRIMINAL BANKER RAID WHICH HAD THEIR OBJECT OF THE EXERCISE TO CAUSE AS MANY SILVER LEAVES TO FALL FROM THE SILVER TREE. AS WE HAVE WITNESSED ON COUNTLESS OCCASIONS WITH RESPECT TO SILVER, IT FAILED MISERABLY. 

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.025 BILLION TO BE EXACT or 146{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 10 NOTICE(S) FOR 50,000  OZ OF SILVER

In gold, the open interest FELL BY A LESS THAN EXPECTED 4,347 CONTRACTS WITH THE GOOD SIZED FALL IN PRICE OF GOLD ($8.65) WITH FRIDAY’S TRADING .  The new OI for the gold complex rests at 529,124. NEWBIE LONGS EXITED THE ARENA TO WHICH THE BANKERS COVERED. 

NO EFP’S WERE ISSUED FOR THE NOVEMBER CONTRACT MONTH.

Result: A GOOD SIZED  DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($8.65). WE HAD SOME BANK SHORT COVERING AS SOME OF OUR NEWBIE LONGS GOT STOP LOSSED OUT OF THEIR CONTRACTS. 

we had: 27 notice(s) filed upon for 2700  oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

A tiny change in gold inventory at the GLD/ a withdrawal of .29 tonnes to pay for fees  and insurance

Inventory rests tonight: 845.75 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.018 MILLION OZ

 

end

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

1. Today, we had the open interest in silver FELL  BY A TINY  1130 contracts from 206,068  UP TO 204,938 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE CONSIDERABLE FALL IN SILVER PRICE (FALL OF 27 CENTS).  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS. NEWBIE LONGS IN SILVER EXITED THE ARENA TO WHICH THE BANKERS WERE DUTIFULLY COVERED.

RESULT:  A TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 27 CENT FALL IN PRICE  (WITH RESPECT TO FRIDAY’S RAID). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR HUGE BURGEONING SILVER SHORTS . .NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT.  HOWEVER THE CRIMINAL BANKERS COVERED A TINY AMOUNT OF THE SHORTS AS NEWBIE LONGS GOT STOP-LOSSED OUT OF THEIR LONGS. 

(report Harvey)

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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 SUNDAY night/MONDAY morning: Shanghai closed UP 16.43 points or .49{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED DOWN 6.81 pts or 0.02{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 9.23 POINTS OR .04{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.05{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN  at 6.633/Oil UP to 55.94 dollars per barrel for WTI and 62.54 for Brent. Stocks in Europe OPENED  RED  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.633. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.635  //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT VERY HAPPY TODAY

Read More @ HarveyOrganBlog.com

The Plan Comes Together? – Bill Holter

0

by Bill Holter, JS Mineset:

My original thought was to write further about the left turning on and eating each other. The volume of news, “who” and the timing seemed to indicate something very big coming down. However, another story broke out of the blue this morning from Saudi Arabia that supersedes (though very well may have connections to) the feeding frenzy.

Crowned Prince Mohammed bin Salman had 11 princes and 38 current and former senior officials arrested on corruption and money laundering charges. http://www.reuters.com. Prince Alwaleed bin Talal being the most notable arrested. The thought process of “why” becomes scattered after the initial and obvious thought MBS is consolidating his power after being named as next in line back in June.
Adding to the confusion is this news of an offer of arms to the Saudis from Donald Trump https://www.bloomberg.com/news/articles/2017-11-05/trump-tells-king-salman-he-supports-more-saudi-arms-purchases I would also point out I do not believe there is any coincidence at all the move was undertaken in Saudi Arabia at the same time Mr. Trump is arriving in Asia. Of additional note was a surprise tweet from Mr. Trump “lobbying” for the IPO of Aramco to be undertaken on the NYSE (by the way, the Chinese have expressed a 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} interest in this offering). There are other, smaller clues but I think we have enough here to see what may be taking place.

It is my opinion, the Saudis are now triggering a move to accept yuan for oil. Those arrested can be seen as players “with” the deep state and aligned with “Hillary’s crew” for a lack of better term. Alwaleed is a major shareholder of Citi and Twitter, a Trump basher and financial supporter of Hillary’s campaign. A look at the others arrested show long time support of “the U.S.” and the petrodollar. One might think Prince Salman undertook these arrests with a “lean” toward the West, based on who was arrested I highly doubt it but we will soon see. Remember, Prince Salman has recently met with both Mr. Xi and Mr. Putin. Saudi Arabia also announced the purchases of S400 weapons from Russia (I asked at the time if this was not a very bad sign for Saudi Arabia’s allegiance to the West?).

I believe Mr. Trump very well may find out a deal is already done and nothing he can do will stop it. I also believe had Hillary been elected, this move would have happened much sooner but we will never know. The next week(s) could be breathtaking. The likely scenario in my opinion will look like this; Saudi Arabia announces they will accept yuan for oil. Mr. Trump will be informed of this, not by the Saudis but likely from the Chinese/Russians. I believe he will be told this deal is already consummated and not to interfere with “trade”.

The Chinese and Russians know exactly how crooked and fraudulent the U.S. has been in business dealings these past years … they also know of the human horrors (do you remember Mr. Putin calling back ALL Russian school children a while back?) Mr. Trump also knows and can have no rebuttal. They and he also know how levered and insolvent the dollar system has become. Whether the Chinese want to move toward an SDR based as some speculate (I don’t think so), yuan based or anything else I do not know. What we do know is they have publicly since 2009 said the “dollar system is not fair” and that the reserve currency must be stable …and that the dollar is not. And remember, the New Silk Road will include and represent over 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the world’s population, it will only grow from here!

Read More @ JSMineset.com

UK’s Gold market one step closer to being run on the Blockchain

by Kenneth Schortgen, The Daily Economist:

On Nov. 4 UK’s Royal Mint announced that they had finalized the mechanism for which gold would be tracked and traded on the Blockchain.

Having established 50,000 blocks so far for their new platform since August, the Royal Mint expects to be able to provide clear transparency for buyers, sellers, and depositors of gold held in nation’s primary facility.

The Royal Mint of the United Kingdom has just revealed their live gold tracking mechanism built with Blockchain technology. 

The tracking system had its first genesis block on Aug. 2 and while still not yet available to the public, has verified more than 50,000 blocks. 

The Blockchain technology based tracking system is designed to keep records of sales and ownership of the precious metal – a task that is relatively complex. The system has been built with a number of careful additions in order to reduce any risk to relatively zero. Here are some points of the report: 

  • The RMG network will require multiple, independent cryptographic signatures to enact any transaction thereby keeping RMG safe from loss of a single-key. Due to the way the Blockchain enforces the addresses, it is not possible to send RMG to an invalid destination where the RMG could not be recovered.
  • The Asset Trading Platform is secured by industry cyber-security practices and controls, which are informed by global frameworks such as NIST and ISO.
  • All parties participating on the network are identified. – Coin Telegraph

Read More @ TheDailyEconomist.com

OPERATION FREEDOM – Sunday, November 5, 2017 – Bill Holter

by Dave Janda, Operation Freedom:

Topics Discussed: Vaccination-Industrial Complex, Undocumented Allocations, Manipulation of financial markets, New World Order Syndicate, Obama Care, Free Market Health Reform, Putin, The Ukraine, ISIS, Syria, The Constitution, Natural resources, Reserve currency, Corruption, gold, silver, Global Elite, International Banking Cabal, debt, Federal Reserve, Too Big To Fail Banks, Crony Capitalism, Debt Ceiling, Financial implosion, Recession, Economic Depression, Freedom, Liberty

Click HERE to listen to Bill Holter

Read More @ DaveJanda.com