Evidence is mounting that both a new financial system and a civil war in the US are imminent. There is also a high probability the US east coast will be hit with a geo-engineered hurricane so severe that people are being asked to evacuate 60 miles inland, CIA sources say…
Source: http://ift.tt/2xIP2F2
Evidence is mounting that both a new financial system and a civil war in the US are imminent. There is also a high probability the US east coast will be hit with a geo-engineered hurricane so severe that people are being asked to evacuate 60 miles inland, CIA sources say…
Source: http://ift.tt/2xIP2F2
Evidence is mounting that both a new financial system and a civil war in the US are imminent. There is also a high probability the US east coast will be hit with a geo-engineered hurricane so severe that people are being asked to evacuate 60 miles inland, CIA sources say…
Source: http://ift.tt/2xIP2F2
Evidence is mounting that both a new financial system and a civil war in the US are imminent. There is also a high probability the US east coast will be hit with a geo-engineered hurricane so severe that people are being asked to evacuate 60 miles inland, CIA sources say…
Source: http://ift.tt/2xIP2F2
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S…
Source: http://ift.tt/2gASbTi
After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open…..
Source: http://ift.tt/2vLy5YF
Last week featured two unusual stories on gold – one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money. They show that while politicians publicly disparage gold, they quietly pay close attention to it…
Source: http://ift.tt/2vrQ1w3
Gold has been used as a form of currency for thousands of years, and even today is a huge part of the world economy due to how stable the gold market is. But some claim that 80% of the gold owned today doesn’t actually exist…If this is true, it would be the largest case of fraud in history…
Source: http://ift.tt/2wJqCgW
br>
Treasury Secretary Steven Mnuchin had a busy day today: shortly after warning once again that a US debt ceiling deal has to be done by late September or else the country would run out of cash and suffer a technical default, roughly around the time he hinted that Trump may keep carried interest tax
Source: http://ift.tt/2ilWFh3
Russia continues buying large quantities of gold. In July, Russia’s Central Bank purchased 9.1 tons of gold. According to Deputy Foreign Minister Sergei Ryabkov, because of new US sanctions, Russia is forced to start developing a system, within which the dollar will not be needed. Pravda.
Source: http://ift.tt/2hQgqgs
This week for the first time – in the name of “transparency” – the London Bullion Market Association unveiled that as at 31 March, 2017 there were 7,449 tonnes of gold, or 596,000 gold bars, valued at $298 billion sotred in the vaults around London as well as $19 billion in silver…
Source: http://ift.tt/2hxMk15
Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces…
Source: http://ift.tt/2eWzuIX
Gold remains well bid, within striking distance of the 6-week high established last week at 1270.83. Fresh 6-week highs would return focus to the high for the year set in early-June at 1296.06. June personal income disappointed, coming in unchanged, against expectations of +0.4%…
Source: http://ift.tt/2w4wfDC
Gold jumped to a new 6-week high in the wake of this morning’s disappointing Q2 GDP data. The dollar has already retraced most of yesterday’s bounce, lending ongoing support to the yellow metal. The advance Q2 GDP print was in line with expectations of 2.
Source: http://ift.tt/2hbI8nx
LONDON (Reuters) – Gold held near six-week highs on Friday though its recent rally appeared to falter as investors awaited U.S. gross domestic product (GDP) data for more clues about the pace of U.S. monetary policy tightening. Stronger than expected growth would leave the U.S.
Source: http://ift.tt/2u7foxA
Will gold save the day and prevent growing geopolitical tensions from spinning out of control?
Also, what’s the future of the European Union? Centrist Emmanuel Macron won the French presidential election, defeating far-right anti-EU candidate Marine Le Pen. Some were saying if Le Pen would have won, that could spell the end of the EU. Jim Willie says now that Macron has won, the EU may be safe…for a few months.
In addition, Jim Willie answers the following viewers’ questions
– psionin, “Jim Willie mentioned a few times that buying a large amount of gold necessitates the paying of high premiums over spot price, with the final price being over 2K USD per ounce. What prevents one in such a position from placing the order on the COMEX or LBMA and taking delivery?”
– larryik1211, “When Major banks start to Default do you see JP MORGAN push to re-value Silver upwards to use their SILVER stockpile as leverage to buy up and consolidate all the other bankrupt entities?”
– Mikey Riley, “In regard to COMEX activities, why would the ‘small specs’ continue to be washed and rinsed by the large commercials? Don’t they ever learn? How do those hedge funds stay in business? I thought the COMEX would be deemed irrelevant by now due to the obvious rigging.”
– Cole Wheeler, “What does the bankruptcy of Puerto Rico mean for the rest of USA inc.?”
– Craig Butterfield, “Will the collapse of the petro dollar, abolish the federal reserve and their suppression of metal prices?”
This was a holiday-shorted week, due to Good Friday, and we are posting this Monday evening due to today being a holiday in much of the world.
Gold and silver went up the dollar went down, +$33 and +$0.53 -64mg gold and -.05g silver. The prices of the metals in dollar terms are readily available, and the price of the dollar in terms of honest money can be easily calculated. The point of this Report is to look into the market to understand the fundamentals of supply and demand. This can’t necessarily tell you what the price will do tomorrow. However, it tells you where the price should be, if physical metal were to clear based on supply and demand.
Of course, two factors make this very interesting. One is that the speculators use leverage, and they can move the price around. At least for a while. The other is that the fundamentals change. There is no guarantee that the prices of the metals will reach the fundamental price of a given day. Think of the fundamentals as gravity, not the strongest force in the system but inexorable, tugging every day.
This week, the fundamentals of both metals moved, though not together. We will take a look at that below, but first, the price and ratio charts.
The Prices of Gold and Silver
Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It didn’t move much this week.
The Ratio of the Gold Price to the Silver Price
For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.
Here is the gold graph.
The Gold Basis and Cobasis and the Dollar Price
The scarcity (i.e. the cobasis, the red line) is in a gentle rising trend for about six months. This week, the cobasis was down slightly. Not a surprise given the (relatively) big price move of +$33. Nor does it appear to break the trend.
Our calculated fundamental price of gold is at $1,301, just above the market price.
Now let’s look at silver.
The Silver Basis and Cobasis and the Dollar Price
In silver, it’s much harder to say that there is an uptrend in the cobasis. Our indicator of scarcity is at the same level it was in October. Back then, the price of silver was $17.60 and on Thursday it was just about 90 cents higher.
The fundamental price back then was just under $15. Now it’s just under $16.50. This happens to be down about 40 cents this week.
With the fundamental of gold rising, and that of silver falling, it’s not surprising that the fundamental gold-silver ratio is up to a bit over 79.
Source: Gold-Silver Divergence, Report 17 April, 2017 | Gold and Precious Metals
Clif High tells FinanceAndLiberty his calculations are predicting a “gold rush” in the coming months. As for the silver market, High says a slippage of control will occur between now and May.
Clif High has a patent on computer-assisted reading technology which allows reading from computer screens at up to 2000 words per minute. Reaching into other areas of hidden potential within language use by humans, he has been developing a system of software internet agents (like search engines use) and other proprietary processing methods to predict future events.
The software project, begun in 1997, captures near-real-time changes in language patterns within internet discussions. Then, employing radical linguistic techniques of his own devising, he develops a model which anticipates future events with some seeming accuracy. The processing has, at its core, a method of assigning emotional values to complex content and time carry-values to predict changes in future behavior based on how people are using language now.
Since June 2001 when the work projected a major ‘tipping point’, that is a ‘life-changing event’ with aspects of ‘military and accident’ that would forever change the way we live to occur inside 90 days, the web bot project has continued to give archetype descriptors of future events such as the anthrax attack in Washington, the crash of American 587, the Columbia disaster, the Northeast Power outage, the Banda Aceh earthquake and most recently the flooding of the Red River. As a continuing project, reports are offered from the extracted archetype information at his web site, http://www.halfpasthuman.com.
Source: Gold Rush and End of Silver Price Manipulation via Clif High (Video) | Gold and Precious Metals
Bullion rose 0.2 percent on Wednesday to $1,274 per troy ounce as of 9:40am GMT after earlier reaching its highest level since November 10 last year of $1,279.85.
“Gold has finally broken and closed above its 200-day moving average at $1,257.50, which now becomes a support. From a technical perspective, the way is now clear for a run at $1,300 and possibly higher,” said Jeffrey Halley, senior market analyst at OANDA.
#GOLD PRICE – WHERE THE WORLD CHECKS THE #GOLD PRICE pic.twitter.com/49SrNeRaAy
— GOLD AND DIAMONDS (@LAMWGOLDDIAMOND) April 12, 2017
“A serious escalation could see gold to the $1,380 to $1,400 area tout suite, but it would have to be really serious,” Halley told Bloomberg.
READ MORE: China claims discovery of its largest gold mine with $22 billion potential
Heightened tensions on the Korean peninsula and in the Middle East following US strikes on Syria have left investors nervous.
“When you put that mix together: Syria, Trump, North Korea, it’s a volatile thing,” said Jonathan Barratt, chief investment officer at Ayers Alliance Securities in Sydney. “It’s that uncertainty that people are concerned about.”
READ MORE:Trump: Xi will get better deal from US if China solves North Korean problem
On Tuesday, North Korean state media warned of a nuclear attack on the United States if provoked.
US President Trump said in a tweet that North Korea was “looking for trouble” and the United States would “solve the problem” with or without China’s help. The US has moved a naval battle group closer to North Korea over concerns it may conduct a nuclear or missile test.
North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them! U.S.A.
— Donald J. Trump (@realDonaldTrump) April 11, 2017
Investors are also closely looking at US-Russia relations as US Secretary of State Rex Tillerson visits Moscow on Wednesday.
The upcoming French presidential election is also adding to worries about volatile global politics, according to analysts, adding a risk-off mood may continue to translate into gold gains.
Source: Gold price soars to 5-mth high on geopolitical unrest — RT Business
Something odd happened late in the day in Wednesday’s trading session, which prompted a number of people to mail in comments or ask a question or two. Since we have discussed this issue previously, we decided this was a good opportunity to briefly elaborate on the topic again in these pages.
A strong ADP jobs report for March was released on Wednesday, and the gold price dutifully declined ahead of it already, while the stock market surged concurrently. Later in the day, the Fed minutes were published, and their tone was definitely seen as very “hawkish”, at least by today’s standards.
There was quite a bit of talk about rate hikes and – gasp! – even about ending reinvestment of funds the Fed receives when debt securities in its QE portfolio mature. The merry pranksters also bemoaned the egregious bubble their own policies have given birth to.
“Most Federal Reserve policymakers think the U.S. central bank should take steps to begin trimming its $4.5 trillion balance sheet this year as long as the economic data holds up, Fed meeting minutes showed.
The minutes also showed “some participants viewed equity prices as quite high relative to standard valuation measures.” [duh…]
(emphasis added)
Here is a 15 minute candle chart encompassing Wednesday’s intra-day moves in June gold futures:
June gold futures, 15 minute candles. After at first declining in anticipation of a strong ADP report and hawkish Fed minutes, gold rebounded when said minutes were released – and actually sounded even more hawkish than expected – click to enlarge.
Talk about “balance sheet normalization” – with the added twist that “most” committee members seemed to think it was an idea whose time had come – apparently was indeed a bit of a surprise to market participants, who probably (and quite reasonably) assumed it would never happen. Not surprisingly, they have already gotten over the “shock” as of Thursday’s trading, but in this case, their initial reaction actually made sense…
Source: Strange Moves In Gold, Federal Reserve Policy, And Fundamentals | Zero Hedge
Internet data mining expert Clif High uses what he calls “predictive linguistics” to spot trends and make predictions for future events. In his latest in-depth report, High sees a “huge” calamity coming for humanity. Clif High explains, “There is all kinds of data for money and lack of money and lack of funding and all kinds of emotions around this. There are hints in the data that something huge is coming for August and September that is being exposed by the language now. I think it’s a bond crash or not a bond crash because I don’t know how that works. It’s not a stock market crash. The data I am looking at now says the stock market is not meaningful. We may lose 50 cents on every dollar in the stock market in just a few days, but it’s meaningless. It won’t make any difference at all to anybody according to what the data is showing me because the real crisis is in the crash of government.”
High goes on to explain, “The emotions at the moment are projecting a crash of the ability of the state to function. . . . We have the projection that there is going to be some sort of big government crash. It concerns funding, interruption or something. . . . We have something akin to a definition change relative to bonds. . . . One way to think about this is there is going to be a human collective or re-understanding, or new understanding, about the whole bond market as we go forward in August, September and October. This is going to cause huge disruptions for governments, which basically depends on the bonds as its source of funds. I don’t know what that definition is going to mean, but the way the language is presenting itself, it’s very much like the same language that appeared in newspapers ahead of the Bretton Woods conference. . . . At that time, a bunch of countries got together around WWII and talked about how to deal with gold, money and the dollar after the war was over. . . . We have that same kind of language now relative to the bonds. . . .This redefinition is going to cause real problems relative to governments. If I had to guess, I don’t think we will have a stock market crash, but a government crash or Fed crash or bank crash. I don’t think a stock market crash will be meaningful because by the time it crashes, nobody will care because before we get there, the Fed will crash. The Fed is the market.”
Maybe this is why Clif High is also seeing language that prices are going up for things like Bitcoin, gold and silver. Clif is seeing the term “gold fever” repeatedly. He is also seeing the term “silver rush” for the white metal. High contends, “The amount of pressure they have had to use to push down on gold and silver prices means when it starts to go up, there will be a bit of a flutter. Then, they are going to push down harder, and then it’s just going to blow. The language is suggesting that this is really happening around silver.” High also says at some point in the not so distant future, prices will be rising so fast that “no one will be selling gold and silver.”
High says another thing he sees is chaos in politics and the economy, and he contends this is all part of the “first ever global government crash.”
Join Greg Hunter as he goes One-on-One with Clif High of HalfPastHuman.com.
(There is much more in the in-depth video interview.)
After the Interview:
You can find Clif High’s latest report, which is 42 pages long, on HalfPastHuman.com. Just go to the site and scroll down to the latest report which is called “Two Tribes.” The report is only $15 and there is a 100%, no questions asked, money back guarantee.
(To Donate to USAWatchdog.com Click Here)
Source: First Ever Global Govt Crash Coming – Greg Hunter, Clif High Video | Economy
Today’s Guest: Louis Cammarosano
(Justin Gardner) The second state in less than a month has made a direct challenge to the Federal Reserve monopoly on money, by forwarding a bill that would “eliminate capital gains taxes on gold and silver specie.” The Idaho House voted by a margin of 56-13 on March 14 to pass House Bill 206, following the Arizona House’s approval of a similar bill.
Related Forbes: President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
Source – The Free Thought Project
by Justin Gardner, March 19th, 2017
According to the Tenth Amendment Center:
“The legislation would amend Idaho revenue statutes, providing “that capital gains and losses on precious metals bullion and monetized bullion sales be added to or subtracted from Idaho taxable income.”…
Idaho H206 is a revenue neutral proposal over the long run. That’s because both precious metals gains (income) and losses are backed out of the calculation of taxable income for Idahoans. While H206’s passage will have little fiscal impact on Idaho tax revenues, it will have a larger impact on Idahoans’ freedoms.”
Capital gains tax on gold and silver is an insidious disincentive based on intentional dollar devaluation. When the dollar’s purchasing power goes down, the metals’ nominal dollar value goes up, triggering a “gain” which is taxed…
Conspiracy Daily Update 