Thursday, September 19, 2019

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

Keiser Report: Trump’s Agenda (E1094)

from RT:

In this episode of the Keiser Report from Mexico City, Max & Stacy discuss the Democrats lobbying for Trump’s agenda. In the second half, Max interviews economist and journalist Guillermo Barba about Bitcoin, gold, and the Mexican economy.

CHRONIC CRISES NEXT FOR YELLEN AND THE FED

by Egon Von Greyerz, Gold Switzerland:
“The report of my death has been grossly exaggerated” are words that Janet Yellen is likely to utter within the next few years. It was of course Mark Twain who said it over 100 years ago, before the Fed even existed. Yellen has recently stated that there won’t be another financial crisis in her lifetime and she will most likely have to eat those words in coming years. We know that the Fed’s record of economic forecasting has been abysmal. They have never forecast or anticipated a single economic downturn. Here is what Greenspan said in 2010: “We didn’t forecast better because we can’t”.

Well there we have it from the master himself of both Fedspeak and gobbledygook. For over a century the Fed has not anticipated any of the major economic or financial events that have plagued the world. Instead of predicting these events, the Fed has actually caused most of the economic downturns or financial crashes.

ABSOLUTE MUST READ: From Pizzagate to Gold Rigging

The Clintons, Jes Staley, Jeffrey Epstein & Barclays’ Frauds OR From Pizzagate to Gold Rigging
by Mark Anthony Taylor, SGT Report.com:

Students of conspiracy should be well aware of the facts of the Clinton foundation – the ‘charity’ set up by Bill and Hillary Clinton – that received vast sums of money, from China, Russia, Qatar & Saudi Arabia, as well as being bankrolled by the key criminals of the market manipulation cartels. Given that the banks have repeatedly received Quantitative Easing to release them from their bad debts and liquidity issues, they should not have been donating to anyone, least of all to this abomination.

US Being Isolated, Petrodollar Ending, + Viewer Questions! | Jim Willie

from FinanceAndLiberty:

A trade conflict is brewing between the U.S. and Germany, Dr. Jim Willie says. “The United States is now a fascist nation.” Fascists cut across party lines and make up 75 percent of the government, Willie says. He says fascists have a tendency to alienate and defraud their allies, and the U.S. is no different. The United States is imposing sanctions on German companies working on a pipeline between Germany and Russia. Willie says these actions have crossed the line for Germany and a trade conflict is ahead. Germany will move East, he forecasts. This will further the United States’s isolation and the destruction of the U.S. dollar.

July 7, 2017 – Weekly Wrap-Up with Eric Sprott

from Sprott Money:
This week, Eric Sprott discusses the latest economic news as well as the ongoing Central Bank market interventions.

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

Click HERE to Listen

CME Stays Silent on Cause of COMEX Silver Price Glitch

by Ronan Manly, BullionStar:
Silver futures prices on the COMEX futures trading platform briefly plummeted at approximately 7:06am Singapore time yesterday, with the price for the front month (most active) September silver contract falling from a US$16.06 quote down to a low of US$14.34 all within a 1 minute interval. The futures price then recovered nearly all of its losses in the subsequent 2-3 minute period. High to low, this COMEX silver futures contract saw its price fall by just over 10.7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, before rebounding nearly 11{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

During this time when the COMEX price crashed, there was nothing fundamentally happening in the wider financial markets, or indeed in the physical silver market, to justify these price gyrations in COMEX silver futures prices. Which all goes to show that the COMEX ‘paper’ futures silver prices is completely detached from the physical silver market, and that COMEX silver futures prices have no anchoring in the real silver market.

JULY 7/RAID!!

GOLD: $1210.40 DOWN $13.40 Silver: $15.43 DOWN 53 cent(s)
from Harvey Organ:

In silver, the total open interest SURPRISINGLY ROSE BY A TINY 344 contract(s) UP to 207,805 WITH THE SMALL RISE IN PRICE THAT SILVER DELIVERED WITH YESTERDAY’S TRADING (UP 8 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS including today.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0390 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 292 NOTICE(S) FOR 1,460,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY A HUGE 9974 CONTRACTS DESPITE THE TINY RISE IN THE PRICE OF GOLD ($3.40 with YESTERDAY’S TRADING). The total gold OI stands at 472,831 contracts.

we had 3 notice(s) filed upon for 300 oz of gold.

Read More @ Harveyorganblog.com

Silver Prices Bounce Higher After Futures Manipulated 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Lower In Minute

0

by Mark O’Byrne, GoldCore:
– Silver prices ‘flash crash’ before rebound
– Silver hammered 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} lower in less than minute in Asian trading
– Silver fell from $16 to $14.82, before recovering to $15.89
– Silver plunge blamed on another ‘trading error’
– Gold similar ‘flash crash’ last week and similar recovery
– Hallmarks of market manipulation as $450 million worth of silver futures sold in minute
– Trading ‘errors’ always push gold and silver lower. Why never higher?
– ‘Flash crashes’ increasingly frequent in precious metals, yet rarely happen in stocks and bonds
– Rapid recovery from frequent raids bodes well for precious metals
– Silver coins and bars accumulated on dips by ‘stackers’

A Tale of Two Gold Markets

0

by Jim Rickards, DailyReckoning:
In the early morning hours of Monday, June 26, gold fell about 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, from $1,254 per ounce to $1,242 per ounce, in a matter of seconds.

And that the equivalent of 1.8 million ounces of gold were sold at once. The 1.8 million ounce amount is equivalent to about 59 metric tons of gold. That’s about 2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the entire gold mining production of the world for a full year. No one sells that amount of physical gold.

Besides, mining output is almost 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} pre-sold these days, meaning that if you wanted to buy that much gold directly from a mine, you couldn’t do it, because it’s already committed to fulfill existing contracts.

Forget about getting gold elsewhere too.

Bob Moriarty: Who, What and Here’s Why – Maurice Jackson

by Maurice Jackson, Sprott Money:
Bob Moriarty, the founder of 321gold and 321energy, sits down with Maurice Jackson of Proven and Probable to share his thoughts on politics, geopolitics, junior mining companies and precious metals. Bob is legendary in the industry for sharing his no nonsense approach and acumen for identifying deep value propositions overlooked by the speculators. Highlights: Geopolitics, Global Debt, Gold, Silver, Platinum, Palladium, Rhodium, and 3 Exclusive Issuers that have Bob’s attention.