Friday, October 18, 2019

GOLD RISES $4.20/SILVER UP ANOTHER 17 CENTS/GLD LOSES ANOTHER 1.77 TONNES DESPITE GOLD’S GAIN!!

CHINESE SMALL CAPS CRASH LAST NIGHT/ITALY CANNOT HANDLE ANY MORE MIGRANTS: GIVES THE EU AN ULTIMATUM!/TURKEY BOMBS USA ALLY: THE SYRIAN KURDS IN SYRIA
from Harvey Organ:

ISRAEL IS AGAINST THE CEASEFIRE BETWEEN USA FORCES AND RUSSIAN FORCES!/USA HAS A $250 BILLION IN 2017 AND 2018 BUDGET WITH HUGE RAMIFICATIONS!/ PAUL BRODSKY OUTLINES TWO HUGE RED FLAGS!

In silver, the total open interest ROSE BY A TINY 233 contract(s) UP to 206,591 DESPITE THE GOOD RISE IN PRICE THAT SILVER TOOK WITH FRIDAY’S TRADING (UP 21 CENT(S). EVEN WITH THE DATA ON FRIDAY (COT SHOWING SPECS GOING NET SHORT AND COMMERCIALS NET LONG FOR THE PAST 10 DAYS ENDING LAST TUESDAY) , THE ONLY EXPLANATION THAT I CAN THINK OF IS SOMETHING HAS SCARED OUR BANKERS TO NO END AND THEY STARTED TO COVER THEIR SHORTFALL IN EARNEST ALONG WITH OUR BANKER SHORTS. HOWEVER THE BANKERS ARE HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.034 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 51 NOTICE(S) FOR 255,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY FELL BY A RATHER LARGE 3,770 CONTRACTS DESPITE THE HUGE RISE IN THE PRICE OF GOLD ($12.00 with FRIDAY’S TRADING). The total gold OI stands at 483,827 contracts. AGAIN, AS IN SILVER SOMETHING HAS SCARED OUR BANKERS AS THEY STARTED TO COVER THEIR GOLD SHORTS IN EARNEST ALONG WITH THE NEWBIE SPECULATOR SHORTS. THE PLETHORA OF DATA RELEASED ON FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING THESE GUYS TO DEATH.

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

Read More @ Harveyorganblog.com

Stockholm Syndrome Gold Report – Keith Weiner

by Keith Weiner, Sprott Money:
Stockholm Syndrome is defined as “…a condition that causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.” While observers would expect kidnapping victims to fear and loathe the gang who imprison and threaten them, the reality is that some don’t.

There is a loose analogy between being held hostage and being an investor in a regime of irredeemable paper currency and zero interest rates. In both cases, the victim has little hope of escape and must seek to somehow survive under malevolent conditions.

Key behaviors in Stockholm Syndrome are positive feelings for their captors, a refusal to work with law enforcement afterwards, and even a belief in the terrorist’s humanity.

The Worst Performing Asset Class Since Trump’s Election-Really?

by Andy Hoffman, Miles Franklin:
Following Friday’s retail sales catastrophe, interest rates plunged, and the market-based odds of further Fed rate hikes declined to just 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in September and 48{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in December. Led, of course, by begrudging Wall Street cheerleaders like Goldman Sachs’ ALWAYS wrong Chief Economist, “Hapless Hatzius.” Who, like his partners-in-crime at the Fed; and likely, its soon-to-be-new Chairman Gary Cohn – who before he was appointed Trump’s top economic advisor, was Goldman’s Chief Operating Officer; dramatically overstated the economy’s “strength” – as part of its ongoing, but rapidly collapsing “economic strength” propaganda campaign.

Combining this horrific economic data with last week’s unprecedented Fed about-face; when, following weeks’ of fraudulent “hawk-speak,” Janet Yellen gave the most dovish speech imaginable; and it couldn’t be clearer that not only is “Trump-flation” dead, but any remaining “hope” of economic improvement. Consequently, as I vehemently espoused Friday, the path of least resistance for interest rates is down – until the “bond vigilantes” inevitably show up; and for Precious Metals, up.

Banks Are “Pulling the Plug” on Another Debt Bubble

by Graham Summers, GoldSeek:

Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to run out of steam.

“Bigger Systemic Risk” Now Than 2008 – Bank of England

by Mark O’Byrne, Gold Core:
– Bank of England warn that “bigger systemic risk” now than in 2008
– BOE, Prudential Regulation Authority (PRA) concerns re financial system
– Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules
– EU & UK corporate bond markets may be bigger source of instability than ’08
– Credit card debt and car loan surge could cause another financial crisis
– PRA warn banks returning to similar practices to those that sparked 08 crisis
– ‘Conscious that corporate memories can be shed surprisingly fast’ warns PRA Chair

PILL-GRAMS SCAMMING TV GOLD CONSUMERS!

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by Charles Savoie, Silver Market News Online:
I was very fortunate in the last five months to acquire 14 lists of The Pilgrims (London) and The Pilgrims (New York) dated 1908 to 2014, the precious metals antagonist, price suppressing organization I’ve been writing about since I released “Meet The World Money Power” in December 2004, which you can access here …

Read More @ Silvermarketnewsonline.com

National Debt Too High, Silver Price Too Low – Gary Christenson

by Gary Christenson, Sprott Money:
Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion.

Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic.

WHY?

Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $3 billion. Since then it has risen 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} every year to reach $20 trillion or $20,000 billion. Debt will continue rising as long as politicians spend and bankers lend.

Proof: Name the Senators, Representatives, Presidents, military contractors, pharmaceutical companies, and Medicare recipients who wish to see the government reduce expenses.

Another Visit With Keith Neumeyer

by Turd Ferguson, TF Metals Report:
With silver prices falling and now near their lows for all of 2017, what a great time to check in once again with Keith Neumeyer, CEO and President of First Majestic Silver as well as Chairman of First Mining Finance.

As most know, Keith is a staunch advocate for our cause. Whenever he’s given a chance, he “calls a spade, a spade” and deplores the level of manipulation and price management within the silver space. As the CEO of one of the largest primary silver miners on the planet, Keith’s leadership on this subject is extraordinarily valuable and important.

To that end, this discussion begins with a review of current events, in particular the “silver flash crash” of July 6. From there, we discuss the global silver market and the impact of low prices upon the miners, especially in the context of all-in, sustaining costs. Next, we discuss conditions as First Majestic and we close with a detailed review of the portfolio of First Mining Finance and an update on some of their most promising assets.

I hope you enjoy this audio. You’ll likely find it very helpful and informative and we thank Keith for once again sharing some of his valuable time with us last week.

Click HERE to Listen

Stocks and Precious Metals Charts – The Calm Before the Storm

from Jesse’s Café Américain:
“In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.”

Thomas Frank

“It is my purpose, as one who lived and acted in these days, first to show how easily the tragedy of the Second World War could have been prevented; how the malice of the wicked was reinforced by the weakness of the virtuous.”