Tuesday, April 23, 2019

ANOTHER RAID/GOLD DOWN $14.05 AND SILVER DOWN 50 CENTS

from Harvey Organ, Harvey Organ Blog:

OPEN INTEREST IN SILVER RISES DESPITE FRIDAY’S WHACK/USA ACCUSED CHINA OF UPSETTING THE GLOBAL TRADING SYSTEM AS INTEND ON DECLARING A TRADE WAR!!

GOLD: $1307.35 DOWN   $14.05

Silver: $17.14  DOWN 50 CENT(S)

Closing access prices:

Gold $1307.40

silver: $17.20

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: $1325.89 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1319.40

PREMIUM FIRST FIX:  $6.49

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1319.20

NY GOLD PRICE AT THE EXACT SAME TIME: $1316.20

Premium of Shanghai 2nd fix/NY:$3.00

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1314.40

NY PRICING AT THE EXACT SAME TIME: $1312.10

LONDON SECOND GOLD FIX  10 AM: $1312.10

NY PRICING AT THE EXACT SAME TIME. 1312.35

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR  nil  OZ.

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ  (0.1679 TONNES)

For silver:

SEPTEMBER

 

 198 NOTICES FILED TODAY FOR

 

990,000  OZ/

Total number of notices filed so far this month: 5,677 for 28,385,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 Another raid..what else is knew.

take a look at the GLD..it rose by 5.32 tonnes today and for the entire week that we have had constant raids, the GLD advanced by 9.46 tonnes!!!

In the SLV we lost 1.034 million oz today and that is the only amount that we lost for the past week.

maybe the authorities can explain how this happened???

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY ROSE BY A RATHER LARGE 1217 contracts from  191,548 UP TO 192,765 DESPITE THE NASTY  DROP IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 13 CENTS AND 20 CENTS FROM ITS HIGH POINT). WE HAVE NOW HAD SEVEN DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST REFUSES TO BUDGE SOUTHBOUND….ONLY ADVANCES NORTHBOUND.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS AND NEWBIE SPECS ARE COGNIZANT OF SILVER SCARCITY (AND DEMAND) AS THE PILE INTO THE SILVER ARENA. THE BANKERS SEEM TRAPPED IN THE OWN JUICE…THEY ARE DESPERATELY TRYING TO FORCE SOME OF THE SILVER LEAVES TO FALL FROM THE SILVER TREE BUT SO FAR TO NO AVAIL. THE BOYS HAVE DECIDED ANOTHER RAID IS NECESSARY AS THEY WHACK AGAIN. 

 

RESULT: A STEADY RISE IN OI COMEX  DESPITE THE 13 CENT PRICE LOSS. BANKERS FAILED IN THEIR ATTEMPT TO CAUSE SILVER LEAVES (oi) TO FALL.ANOTHER RAID ATTEMPT TODAY TO FORCE OI CONTRACTION.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.964 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 226 NOTICE(S) FOR 1,130,000OZ OF SILVER

In gold, the open interest FELL BY A NORMAL 3,282 CONTRACTS WITH THE  FALL  in price of gold ($4.25 LOSS ON FRIDAY ). The new OI for the gold complex rests at 573,483. THE BANKERS ORCHESTRATED ANOTHER RAID FRIDAY MORNING WORRIED ABOUT THE STEADY OI RISE IN SILVER AND THE HIGH OI IN GOLD. THEY FAILED MISERABLY IN SILVER AND HAD LITTLE EFFECT ON GOLD. 

Result: A SMALL DECREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD ($4.25). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. THE FRIDAY DAY FAILED MISERABLY SO THEY ORCHESTRATED ANOTHER RAID TODAY. 

we had: 0 notice(s) filed upon for nil oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , we had  a huge change in gold inventory:

a massive 5.32 tonnes of gold deposit despite gold’s whack!!!

Inventory rests tonight: 843.96 tonnes

Interestingly from the first day of the raid, Sept 12 to today we have gained 9.46 tonnes instead of losing any gold!!  I wish the authorities can explain this???

SLV

Today: a huge change in inventory. a withdrawal of 1.039 million oz

INVENTORY RESTS AT 326.049 MILLION OZ

From Sept 12 until today, we have only lost 1.039 million oz i.e. what we lost today.  The other 5 days we lost zero.

 

end

.

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

1. Today, we had the open interest in silver ROSE BY A STEADY 1217 contracts from 191,548  UP TO 192,765(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE FRIDAY’S 13 CENT LOSS IN TRADING. OUR LONGS CONTINUE TO BE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS. NEWBIE LONGS CONTINUE TO ENTER THE ARENA COGNIZANT OF SILVER SCARCITY AND DEMAND. BANKERS ORCHESTRATE ANOTHER RAID THIS MORNING TRYING TO FORCE SILVER OI TO CONTRACT.

RESULT:  A  STEADY RISE IN OI  AT THE COMEX  DESPITE THE FALL IN PRICE OF 13 CENTS ON FRIDAY. WE HAD ANOTHER RAID FRIDAY MORNING BY OUR BANKERS TRYING TO FORCE SILVER LONGS TO DEPART THE SILVER TREE.  THEY FAILED MISERABLY!!  SO THEY TRIED AGAIN THIS MORNING.

(report Harvey)

.

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 9.24 POINTS OR 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 352.18 POINTS OR 1.27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed  FOR HOLIDAY/Australia’s all ordinaires CLOSED UP 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.5690/Oil DOWN to 49.77 dollars per barrel for WTI and 55.26 for Brent. Stocks in Europe OPENED GREEN . Offshore yuan trades  6.5700 yuan to the dollar vs 6.5690 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS  HAPPY TODAY

GOLD: $1307.35 DOWN   $14.05

Silver: $17.14  DOWN 50 CENT(S)

Closing access prices:

Gold $1307.40

silver: $17.20

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: $1325.89 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1319.40

PREMIUM FIRST FIX:  $6.49

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1319.20

NY GOLD PRICE AT THE EXACT SAME TIME: $1316.20

Premium of Shanghai 2nd fix/NY:$3.00

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1314.40

NY PRICING AT THE EXACT SAME TIME: $1312.10

LONDON SECOND GOLD FIX  10 AM: $1312.10

NY PRICING AT THE EXACT SAME TIME. 1312.35

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR  nil  OZ.

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ  (0.1679 TONNES)

For silver:

SEPTEMBER

 

 198 NOTICES FILED TODAY FOR

 

990,000  OZ/

Total number of notices filed so far this month: 5,677 for 28,385,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 Another raid..what else is knew.

take a look at the GLD..it rose by 5.32 tonnes today and for the entire week that we have had constant raids, the GLD advanced by 9.46 tonnes!!!

In the SLV we lost 1.034 million oz today and that is the only amount that we lost for the past week.

maybe the authorities can explain how this happened???

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY ROSE BY A RATHER LARGE 1217 contracts from  191,548 UP TO 192,765 DESPITE THE NASTY  DROP IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 13 CENTS AND 20 CENTS FROM ITS HIGH POINT). WE HAVE NOW HAD SEVEN DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST REFUSES TO BUDGE SOUTHBOUND….ONLY ADVANCES NORTHBOUND.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS AND NEWBIE SPECS ARE COGNIZANT OF SILVER SCARCITY (AND DEMAND) AS THE PILE INTO THE SILVER ARENA. THE BANKERS SEEM TRAPPED IN THE OWN JUICE…THEY ARE DESPERATELY TRYING TO FORCE SOME OF THE SILVER LEAVES TO FALL FROM THE SILVER TREE BUT SO FAR TO NO AVAIL. THE BOYS HAVE DECIDED ANOTHER RAID IS NECESSARY AS THEY WHACK AGAIN. 

 

RESULT: A STEADY RISE IN OI COMEX  DESPITE THE 13 CENT PRICE LOSS. BANKERS FAILED IN THEIR ATTEMPT TO CAUSE SILVER LEAVES (oi) TO FALL.ANOTHER RAID ATTEMPT TODAY TO FORCE OI CONTRACTION.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.964 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 226 NOTICE(S) FOR 1,130,000OZ OF SILVER

In gold, the open interest FELL BY A NORMAL 3,282 CONTRACTS WITH THE  FALL  in price of gold ($4.25 LOSS ON FRIDAY ). The new OI for the gold complex rests at 573,483. THE BANKERS ORCHESTRATED ANOTHER RAID FRIDAY MORNING WORRIED ABOUT THE STEADY OI RISE IN SILVER AND THE HIGH OI IN GOLD. THEY FAILED MISERABLY IN SILVER AND HAD LITTLE EFFECT ON GOLD. 

Result: A SMALL DECREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD ($4.25). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. THE FRIDAY DAY FAILED MISERABLY SO THEY ORCHESTRATED ANOTHER RAID TODAY. 

we had: 0 notice(s) filed upon for nil oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , we had  a huge change in gold inventory:

a massive 5.32 tonnes of gold deposit despite gold’s whack!!!

Inventory rests tonight: 843.96 tonnes

Interestingly from the first day of the raid, Sept 12 to today we have gained 9.46 tonnes instead of losing any gold!!  I wish the authorities can explain this???

SLV

Today: a huge change in inventory. a withdrawal of 1.039 million oz

INVENTORY RESTS AT 326.049 MILLION OZ

From Sept 12 until today, we have only lost 1.039 million oz i.e. what we lost today.  The other 5 days we lost zero.

 

end

.

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

1. Today, we had the open interest in silver ROSE BY A STEADY 1217 contracts from 191,548  UP TO 192,765(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE FRIDAY’S 13 CENT LOSS IN TRADING. OUR LONGS CONTINUE TO BE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS. NEWBIE LONGS CONTINUE TO ENTER THE ARENA COGNIZANT OF SILVER SCARCITY AND DEMAND. BANKERS ORCHESTRATE ANOTHER RAID THIS MORNING TRYING TO FORCE SILVER OI TO CONTRACT.

RESULT:  A  STEADY RISE IN OI  AT THE COMEX  DESPITE THE FALL IN PRICE OF 13 CENTS ON FRIDAY. WE HAD ANOTHER RAID FRIDAY MORNING BY OUR BANKERS TRYING TO FORCE SILVER LONGS TO DEPART THE SILVER TREE.  THEY FAILED MISERABLY!!  SO THEY TRIED AGAIN THIS MORNING.

(report Harvey)

.

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 9.24 POINTS OR 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 352.18 POINTS OR 1.27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed  FOR HOLIDAY/Australia’s all ordinaires CLOSED UP 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.5690/Oil DOWN to 49.77 dollars per barrel for WTI and 55.26 for Brent. Stocks in Europe OPENED GREEN . Offshore yuan trades  6.5700 yuan to the dollar vs 6.5690 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS  HAPPY TODAY

Read More @ HarveyOrganBlog.com

Steady Trigger Pulling: Assault on Gold & Silver Is GETTING NASTY

from SilverDoctors:

UPDATED: Things may get worse. Much worse. Silver just ran into a major problem, and if gold is to follow suit, there’s no way to say it nicely: Gold may start puking all the way down to…

Silver just tapped it’s 200-day moving average:

They may even rub it in our faces by tapping the 200-day again, then busting through it right down to the 50-day. That’s how cocky they feel and how confident they are in their control of these markets, which for now, seems to be the case. Will they smash it down to the 50-day? That would put silver at or below $16.92. But hey, the lower the blows, the more ounces we can get for our fiat.

Gold is not faring well right now either:

Silver has been under-performing gold. Perhaps we all became too complacent ourselves after heeding the merits of being on guard, because said differently, gold has been outperforming silver. But look on that daily. The BIG moves have come from silver, either in one day or over just a few days, and they have also all been to the downside too. 

Therefore, if we are going to be under constant attack for the next 48+ hours, which I expect we will, if the metals will finally converge on the charts, it’s more likely not that silver has risen but because gold has fallen, and we would be looking at a price in the mid-$1250s at that point.

At risk of taking some heat – it wouldn’t be that bad to see gold catch-down to silver. Yes, we have all been waiting for silver to catch-up to gold in performance, but we’re not the ones who paint the charts.

We know that silver is gold on steroids. Silver is gold on steroids because it is a smaller market, and as such moves in or out of the metal are exaggerated compared to gold. That is to say, generally, as the gold price goes up, the silver price goes up faster, and as the gold price goes down, the silver price goes down further.

So if gold is going to catch down to silver, when this current round of smashings is over, silver can launch first and appropriately so. THAT alone could get people really excited if silver takes off and out-performs gold, as is most common. It looks like that will play out, but only as gold comes down some first. Maybe gold won’t have to fall all the way down to silver, because silver could turn first and then take the lead on gold. That would be the best thing to root for right now, but we are not the ones who choose the time and place of our smashings.

Until they have taken it too far, and until that paradigm shift, we just have to sit back and take it.

Here’s the outlook for the entire week below. We didn’t talk about Dow or S&P because, well, we already have enough indigestion as it is:

Last night did not go that well as we saw constant pressure on the precious metals throughout the night:

Constant, steady pressure to the downside. This is in light of “Rocket Man” comments, many Floridians still without power as 3 new threats are swarming in the Atlantic, Venezuela pricing oil in yuan, bitcoin erratically, Syria heating up again, and any number of “pick your poison” doubleplusbad fundamental news.

Read More @ SilverDoctors.com

Vatican Diplomat in D.C. Allowed to Flee to Church to Avoid Prosecution for Child Porn

by Jack Burns, Free Thought Project:

The Vatican embassy in Washington D.C. has four diplomatic staff, and it is now admitting that at least one diplomat has been found with child pornography—but the church will not allow him to be prosecuted.

As a diplomat, the unidentified priest has immunity from prosecution for most crimes under the Vienna Convention. The State Department requested that the Vatican waive immunity so that the individual could be properly prosecuted on Aug. 21. Instead of allowing the priest to be charged, tried and potentially convicted of possession of child pornography, the Vatican recalled him. In other words, the Vatican protected the priest from prosecution.

According to the Associated Press“The Vatican declined to identify the priest, but said he was currently in Vatican City and that Vatican prosecutors had launched their own probe.” Going further, the AP wrote, “The State Department said it had asked the Vatican to lift the official’s diplomatic immunity on Aug. 21. It said that request was denied three days later. For the State Department to make such a request, its lawyers would have needed to be convinced that there was reasonable cause for criminal prosecution.”

Possession of child pornography was made illegal in 2013 under the Vatican’s criminal code. If found guilty, the Vatican can sentence the high-ranking priest to up to two years and a fine of 10,000 Euros, which is quite a contrast from the sentence of 15 to 30 years in prison as well as steep fines in the U.S.

The decision to recall the priest has several American Catholic leaders up in arms, protesting the Vatican’s decision to disallow him from being prosecuted. The head of the U.S. Conference of Catholic Bishops, Cardinal Daniel N. DiNardo of Galveston-Houston, was cited by the Globe and Mail as describing the allegations as “serious.” He said the Vatican should be “forthcoming with more details.”

“We reaffirm that when such allegations occur, an immediate, thorough and transparent investigation should begin in co-operation with law enforcement and immediate steps be taken to protect children,” DiNardo said in a statement.

Pope Francis has been less than truthful with his promise of zero tolerance for child rapists, predators, pedophiles and sex offenders. In February, as TFTP reported, he quietly reduced sanctions against some Catholic priests who were seeking mercy from the church.

Then in May, the pope acknowledged there was a backlog of 2,000 cases of alleged abuse that were not being addressed as quickly as some advocates for children would like to see occur in a more expeditious manner. The acknowledgement comes just a few months after Marie Collins, an Irish pedophile-priest-sex-abuse-survivor, resigned from Pope Francis’ sex abuse advisory commission. She resigned amid “unacceptable” levels of resistance from the Vatican in helping to prosecute pedophile priests.

Read More @ FreeThoughtProject.com

Are We Witnessing the Death Spiral of Cable Television?

0

from thedailybell:

Cable television has long been the coveted propaganda arm used to program American sentiments. But because of the internet, viewer choice for news, sports, and entertainment has proliferated. Content is becoming decentralized, and that makes it harder to control the attitudes of the masses.

Since 2013, pay tv subscriptions have been declining, losing more customers than they gain. Over one million people per year are fleeing from paying for cable TV from companies like Verizon, Time Warner, and Comcast.

For three straight years, the viewership of the Emmy’s has declined. Yet while cable networks broadcast the award show, original Hulu and HBO shows were winning the awards.

You don’t need a cable subscription to watch shows on Netflix, HBO Now, or Hulu. While Netflix and Hulu run some cable shows, they also produce their own content. This doesn’t automatically mean the content won’t be akin to the typical propaganda on cable. But it does mean that control over programming is more decentralized. This includes the FCC’s slipping grip, as they have thus far failed to seriously regulate online programming.

Now consumers have a choice. Youtube offers even more choices which allow independent and much smaller content producers to disseminate their shows. Owned by Google, there is plenty to criticize when it comes to Youtube. They arbitrarily remove certain content that they don’t like. But this will just bolster alternatives like Vimeo and DailyMotion.

Amazon also offers subscription programming that goes along with their Prime program. Like Netflix, they are investing in making their own TV shows and movies to better compete with all the alternatives. An Amazon Prime 30-Day Free Trial lets you see what they got before committing.

And whatever issues you may have with companies like Youtube and Amazon, there are now plenty other options available, with more coming.

An exciting new startup called BadMirror.tv will soon go live. The company aims to tackle programming from a community perspective. They offer “hyperlocal broadcasting” that is boosted based on popularity but always starts locally. BadMirror.tv seeks to reconnect people to their community so that a handful of big executives–and whoever is influencing them–can’t centralize control over content, and decide what will be popular.

Read more @ http://www.thedailybell.com

Stocks and Precious Metals Charts – Stock Options Expiration Tomorrow

0

from jessescrossroadscafe:

“Greater love has no man than this, that he lays down his life for his friends.  You are my friends, if you do what I ask of you.  No longer do I call you servants, for the servant does not understand what his master is doing.  But I have called you friends… This I ask of you, that you love one another.

If the world despises you, know that it has despised Me before you. If you were of the world, the worldly would love you as one of their own. But you are not of this world, because I have chosen you out of it.  And so the world does not value you.”

John 15:13-19

Tomorrow is a stock options expiration.

That may help to explain some of the shenanigans which we have seen this week so far.

Be of good cheer.

You are called by Him, whose hands have set the very foundations of the world, and who has breathed life into every thing that exists upon it.

What should you fear?

Read More @ http://jessescrossroadscafe.blogspot.com

Obama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street

0

by Pam Martens and Russ Martens ,wallstreetonparade:

The “Wall Street Democrats” is the wing of the party created by the Clintons and nurtured further by Barack Obama. It takes money hand over fist from Wall Street for political campaigns, wags a warning finger at Wall Street from the public podium while stuffing its administrations with Wall Street execs, then its leadership reaps millions of dollars in personal speaking fees from the robber barons after leaving office. As of this morning, there’s no longer any debate that Obama is firmly entrenched in this cozy world of money.

Bloomberg News is reporting that former President Obama has accepted upwards of $400,000 a clip to speak before Wall Street firms Northern Trust Corp. and Cantor Fitzgerald and an unspecified sum from Carlyle Group LP. The speeches at Northern Trust and Carlyle Group occurred over the past month and a half. The Cantor Fitzgerald speech is scheduled for next week.

Adding to the intrigue, Obama’s future roster of private speeches to Wall Street banks is not available for public inspection. Equally problematic, while it was widely reported in February that Obama has signed with the Harry Walker Agency to represent him for speaking engagements, that agency showcases Bill and Hillary Clinton in its 2017 Speakers Bureau brochure while Obama goes missing.

Adding to the curiosity, which went unreported in the Bloomberg article, the Twitter account for the Harry Walker Agency is promoting appearances by its other speakers from Obama’s administration (it represents a stable full) but when we went back months on its Twitter account, we found no mention of Obama’s private speeches that have already occurred since he left office.

There were plenty of Harry Walker Agency Tweets promoting speeches by Obama’s former Treasury Secretary Jack Lew; his former speechwriter Cody Keenan; his former White House Press Secretary Josh Earnest; and Obama’s former Commerce Secretary Penny Pritzker.

Read More @ http://wallstreetonparade.com

Putin Staying Away From Trump’s UN Reform Summit

0

by Patrick Goodenough CNS News:

On the day President Trump hosts a high-level summit in New York City on reforming the United Nations, Russian President Vladimir Putin will be more than 4,000 miles away, having chosen to spend Monday observing Russia-Belarus wargames south of St. Petersburg.

 

“The supreme commander-in-chief will inspect actions of the armed forces of the Union State of Russia and Belarus at the main stage of the joint strategic exercise Zapad-2017 on the Luzhsky range,” the Kremlin said in a statement.

 

 

Earlier this month the pro-Kremlin RT television network under the headline “Not on guest list” reported that Putin had “not been invited” to Trump’s summit, which comes one day before the U.S. president addresses the U.N. General Assembly for the first time.

 

In fact no country was “invited” to participate in the reform gathering, but the U.S. mission to the U.N. instead asked countries to put their names to a package of proposed reform measures.

 

“We asked other countries to sign on to their support of reform, and 120 countries have signed on and will be in attendance,” U.S. Ambassador to the U.N. Nikki Haley told reporters at the White House on Friday, adding that securing the support of so many countries was “miraculous.” The U.N. has 193 member-states.

Advertisement

 

Also on Friday, Haley’s Russian counterpart, Vasily Nebenzya, expressed doubt that his country would sign up to the reform proposals.

Read More @ CNSNews.com

Bitcoin Price Falls 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} In 3 Days Underlining Gold’s Safe Haven Credentials

0

by Jan Skoyles, GoldCore:

 

– Bitcoin price action shows cryptos vulnerable to commentary and government policies
– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
– Volatility major issue: In 3 days btc fell 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} before bouncing 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} off lows
– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
– Apple and Google developing a payment API for cryptos – may give governments full oversight
– Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status

 

Courtesy of CoinDesk

Even for bitcoin last week was an eventful week. The price hit a recent low of $2,980, falling 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and recovering by nearly 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in the space of three days.

Last week was a good example of the vulnerabilities in the cryptocurrency space to government announcements regarding the infrastructure the ecosystem.

This last year has seen unprecedented progress and development in the bitcoin and crypto arena. From the price reaching new highs to an explosion in Initial Coin Offerings.

The fall in price by over $1,000 should serve as a reminder that markets will stumble when they try to run before they can walk. As much as early adopters like to declare bitcoin the new currency and declare is true safe haven, the last week has shown that gold is a far better long-term safe haven.

Government meddling

Reasons for bitcoin’s (and other cryptos’) fall last week was mainly thanks to further crackdowns on bitcoin exchanges by the Chinese government. On Thursday bitcoin fell 16{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} against the U.S. dollar as the Chinese announced they were closer to shutting down cryptocurrency exchanges.

This week commentators believe crypto traders have now priced in the negative news from the East, however last week’s performance was yet another example of how vulnerable bitcoin still is to government announcements.

This weekend and this morning the price has begun to recover following a report from the Bank of International Settlements.

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