Varying Opinions on What is Pushing Down Safe Haven Assets
Click download link to listen on this device: Download Show
For a shortened trading week there were some trends that picked up steam. The focus of this week’s show is on the continued downtrend in safe haven investments, especially gold and treasuries (globally). We look at what is causing this trend to continue and why it picked up steam this week.
We hope everyone has a great weekend! If you want to hear from any companies or new guests on the show please email me at Fleck[at]kereport.com.
- Segment 1 & 2 – Joe Mazumdar from Exploration Insights recaps the first of 2017 for metals stocks and what to look for in when assessing exploration news over the summer.
- Segment 3: Ned Schmidt, Editor of the Value View Gold Report argues that cryptocurrencies are distracting investors from the precious metals.
- Segment 4: Co-Founder and Co-Editor of Peak Prosperity Chris Martenson shares his views on the general uptick in yields in Europe and the US.
- Segment 5: Stephen Gregory Editor-in-Chief of The Epoch Times discusses his newspaper.
- Segment 6: Charlotte Culbertson of The Epoch Times discusses the presence of violent gangs coming into the U.S. utilizing illegal immigration.
- Segment 7 & 8: Joshua Philipp Senior Political Writer for The Epoch Times discusses the President’s recent visit to Poland.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Yup!
Skeeta and BDC,
Thanks you very much!
“Silver Actual: Bounce or Bottom?”
http://www.trendlinemagic.com/2017/07/silver-actual.html
Follow up to “Silver Bogey”
http://www.trendlinemagic.com/2017/07/silver-bogey.html
Is Silver Fairly Priced at $16?
Jason Hamlin -Gold Stock Bull
“The Dow is hitting all-time highs at about 21,500 and the official national debt – not counting unfunded liabilities – is about $20 trillion. Silver prices are too low compared to debt and the Dow.”
“Given the massive national debt, the Dow and NASDAQ exuberance, and 100 years of experience, silver could easily be double or triple its current price.”
Same old story….but, a good one …I think we are going to play this game a little longer,….then wham….something will happen with BoJ ,as reported with the fat finger over night bond trade, then that will not work again.
Yes, agreed, it is a bit of tired story about how Silver “SHOULD” be trading higher, but the markets apparently don’t agree….
It just seemed worth noting it one more time, since there is so much focus on the DOW lately and the DOW:GOLD ratio has been discussed a few times recently.
Matthew made some interesting points yesterday about how DOW could continue higher and Gold (and be default Silver) could also keep moving higher to a lessor degree, and that only looking at the ratio may not fully reflect how the Miners could behave. If the metals just stabilized and started moving higher gradually, but the fear or more downside plunges were off the table, then miners can still thrive.
One thing to reflect on is that most miners have spent the last 5-6 years getting lean and mean, trimming the fat, reducing costs, improving operational efficiencies and metal recovery rates. This streamlining of the business and have set up a large portion of the quality miners so that they can still even do quite well at current prices.
If Gold/Silver gradually creep up and at least remain stable, then investors will have more confidence to get behind Explorers that hit pay-dirt, Developers with good economics, and Producers that are making steady progress and producing free cash flow.
Obviously the higher the prices the better the margins, and some of the more marginal deposits (optionality plays) would gain traction once again.
If we come out of these Summer Doldrums and the metals just rebound a small amount then there is a good probability for the seasonal fall rally from Aug – October.
Until then……batten down the hatches…..
https://img.memecdn.com/batten-down-the-hatches_o_2385701.jpg
I think Matthew is going to be correct….I think. But, the game keeps changing…..example, new rules at lbma …unexpected fat finger.. Silver should be up just because the Indians are buying for the first time as reported 1400 tons….
Good show, Mr. Big Al Korelin.
Regarding segment 6 and all the illegal immigration, MS-13, violence, etc., this is just what our rulers want.
They create chaos throughout the world, then they import that chaos into the US and western Europe in order to destroy western identity and culture and to destroy the middle class.
It is quite obvious and it is very distressing that most people are too stupid to realize this, let alone do anything about it.
Please expand on this….which rulers???and why destroy the middle class???they are the suckers who pay the most taxes
For starters, look at some of the Clinton Foundation donors like Soros György, aka George Soros. Yes, they use the mc as milk cows but that’s not enough control for them. If it’s not clear to you now, it will be in a few years.
Morning Wolfster,
I would think that Eddy means, at this moment in time “want to be rulers” I use this term because I don’t believe that they have absolutely succeeded yet only succeeded partially.
The final few battles have not been fought yet.
I spoke with a very bright 28 year old yesterday at the hospital who told me that those in his generation (20’s) are very fed up with the old “Obama type” status quo. I am not sure if that is the case, but it very well may be as the 2016 election demonstrates.
I firmly believe that the next few years will truly tell the story. I pray that freedom “rains” because I believe that it only partially existed during the last couple of administrations.
Totally agree Ebolan.
My first thought was it seems the U.S. is getting a little karma for what they did to Lybia.
But, b, is that karma positive or negative today?
Al, from what I understand karma is not positive or negative, it is as you project.
A Buddha thing.
Eddy, that is a very interesting point. Particularly when you put it into context with Moriarty’s theory about destabilization being deliberately caused in the Middle East.
Someone or something has clearly destabilized or at least caused a major rift in the U.S. where disagreement exists to the point where violence is prevailing.
Is someone or something succeeding?
The backdrops to the Putin/Trump meeting are the aspirations of Israel and the neoconservatives. It is these aspirations that drive US foreign policy.
What is Syria about? Why is Washington so focused on overthrowing the elected president of Syria? What explains the sudden 21st century appearance of “the Muslim threat”? How is Washington’s preoccupation with “the Muslim threat” consistent with Washington’s wars against Saddam Hussein, Gaddafi, and Assad, leaders who suppressed jihadism? What explains the sudden appearance of “the Russian threat” which has been hyped into dangerous Russophobia without any basis in fact?
The Muslim threat, the Russian threat, and the lies used to destroy Iraq, Libya, and parts of Syria are all orchestrations to serve Israeli and neoconservative aspirations.
The Israel Lobby in the United States, perhaps most strongly represented in Commentary, The Weekly Standard and The New York Times, used the September 11, 2001 attacks on the World Trade Center and Pentagon to urge US President George W. Bush to begin “a determined effort to remove Saddam Hussein from Power in Iraq.” https://en.wikipedia.org/wiki/Project_for_the_New_American_Century
Saddam Hussein was a secular leader whose job was to sit on the animosities of the Sunni and Shia and maintain a non-violent political stability in Iraq. He, Assad, and Gaddafi suppressed the extremism that leads to jihadism. Saddam had nothing whatsoever to do with 9/11, and under his rule Iraq constituted a ZERO threat to the US. He had been a faithful vassal and attacked Iran for Washington, which had hopes of using Iraq to overthrow the Iranian government.
Removing secular leaders is what unleashes jihadism. Washington unleashed Muslim terrorism by regime change that murdered secular leaders and left countries in chaos.
Fomenting chaos in Iraq was the beginning for spreading chaos into Syria and then Iran. Syria and Iran support Hezbollah, the militia in southern Lebanon that has twice driven out the Israeli Army sent in to occupy southern Lebanon so that Israel could appropriate the water resources.
The neoconservatives’ wars against the Middle East serve to remove the governments that provide military and financial support to Hezbollah. By spreading jihadism closer to the Russian Federation, these wars coincide perfectly with the US neoconservative policy of US World Hegemony. As expressed by Paul Wolfowitz, US Undersecretary of Defense for Policy:
“Our first objective is to prevent the re-emergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on the order of that posed formerly by the Soviet Union. This is a dominant consideration underlying the new regional defense strategy and requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power.”
Israel wants Syria and Iran to join Iraq and Libya in American-induced chaos so that Israel can steal the water in southern Lebanon. If Syria and Iran are in chaos like Iraq and Libya, Hezbollah will not have the military and financial support to withstand the Israeli military.
The neoconservatives have broader aims than Israel’s. The neoconservatives want Syria and Iran in jihadist turmoil so that the neoconservatives can send jihadism into the Russian Federation and into China. China has a Muslim province that borders Kazakhstan. By causing internal problems for Russia and China, the neoconservatives can reduce Russia and China’s abilities to hinder US unilateralism.
That is what Syria is about. It is not about anything else.
PCR, Bob might agree with this not real sure tho.
If I read your comment correctly, I think that Bob would agree with you as, to an extent, do I.
The pot is clearly being stirred in the Middle East and now in other parts of the world.
+1
It’s been in writing for 35 years. It’s not a theory, it’s a plan moving along towards it’s inevitable conclusion. Either the Zionists dominate the entire Middle East or start WW III.
The greatest reporter in the US today wrote a brilliant piece about how Trump fell for a false flag operation and conducted an attack on a sovereign nation based on false data.
Not a single US, Canadian or UK newspaper would print the story. It took a German paper to post it. There hasn’t been a word in any US, Canadian or UK newspaper even commenting on the report.
Still think you like in a free country?
https://www.welt.de/politik/ausland/article165905578/Trump-s-Red-Line.html
live, not like
Many have already saw this from Armstrong. This is why we are in the Mid East.
As I read the situation, Trump was actually disengaged in foreign policy at the time and concentrating on Tax cuts and healthcare and it was Ivanka who saw the photos and went to Daddy and told him to do something.
The comment about large quantities of oil in the Golan is BS. I’ve been to the Golan and there is simply not either enough area, or the correct stratification.
Note: I’m not saying there is no oil or gas; simply there are not large reservoirs of either.
It is the continuance of the Oded Yinon Plan for the balkanization of areas now encompassing Eretz Yisroel (Greater Israel). Related obstacles encountered along the way, e.g. Libya, are ‘resolved’ with extreme prejudice. Not just governments, but entire cultures are consciously destroyed in this undertaking – including our own.
Because Jewish elites now hold sway over their WASP competition, this is now an ‘American’ policy objective; and of course, much money is being made along the way by nearly all of these elites, friend and foe alike, in armaments, energy, commodities, etc. The ‘tools of war’.
The current Russian ‘pincer’ is their reaction to the Bolshevik loss of hegemony in Soviet Russia, which began no later than the mid 1930s after Joseph Stalin started purging Jewish leaders, possibly after he gained full knowledge of the 1932-33 Holodomor.
Whether their intention is to rule the world from Israel or their ancient Khazarian haunts remains a mystery. In any case, they must be stopped!
BDC:
One of the non-Jewish workers at the Urban Moving Systems who quite prior to 911 told the FBI that the people running the Mossad front company terrified him. They claimed it would take them 20 years but they would control the media and destroy the US.
They are on target and on timeframe.
It’s not my opinion, it’s in the FBI report of the interrogations of the Mossad agents.
We have to continue supporting Israel, until our nations are in ruins and all our sons and daughters are dead, not to do so would be anti semitic.
RM – Vans with Explosives on 9 11 belong to Urban Moving Systems:
https://www.youtube.com/watch?v=9X2rzYCo-hw
Yup, our good friends the Dancing Isralies. With friends like these who needs enemies?
http://www.whatreallyhappened.com/WRHARTICLES/fiveisraelis.html
Ah, come on Bob…if you don’t believe that 9/11 was done by a few Arabs lead by a another Arab on dialysis living in a cave out in the middle of nowhere you must be a complete tin foil wearing nut job…same thing if you don’t believe the USS Liberty incident was a completely unavoidable accident that was probably the US Navy’s fault…and if you don’t believe everything Booboo Nutty Yahoo tells you and you don’t want tens of billions of your tax dollars going to the state of Israel and if you don’t want your grand kids dying in wars to destabilize the Middle East for Israel’s protection (after all Israel is a completely innocent, defenseless little country surrounded by big mean countries and they have never done anyone any harm) than you must be a racist, anti-semitic, Hitler loving bigot!
Sorry, Bobby M….that should be 100’s of billions of your tax dollars…and this is just what is admitted to…bet it’s really more…and remember…every year “aid” to Israel goes up…so get back to work, tax suckers…Booboo Nutty Yahoo would have it no other way.
U.S. Aid to Israel Totals $233.7b Over Six Decades
When are you all going to learn this is the United States of Israel…and your prostitute politicians are giving every Israelis lobbyist bj’s at your expense?
Same goes for the lamestream media..
Ebolan:
You pretty much nailed it.
To this day, not a single European government has made the connection between Washington’s wars, supported by Europe, and the millions of refugees from Washington’s wars that are overrunning Europe, intent on collecting welfare from European peoples while raping European women. We hear all sorts of complaints about the refugees, but never is a connection made between the refugees and Washington’s European supported wars.
Washington so successfully portrayed itself during the Cold War as peace, justice, and truth astriding the white horse that the world cannot see Satan sitting in the saddle.
Sweden Cancelled Concert in 2018 Because of Rapes and Sexual Assaults
Sweden’s Bråvalla music festival for 2018 has been cancelled because of sex attacks by refugees
Did you ever think that perhaps serious, non politically correct law enforcement might be a better answer?
Austria Using Troops to Stop Refugee Migration
The vast wave of economic migrants claiming to be refugees that include many countries, not simply Syria, is tearing Europe apart. These people are given everything for free, nothing like any immigrant who came to the USA. This has had a tendency to reduce the incentive to work. They need not find a job to survive. They survive on the state alone and at levels of 80%+ of what they would earn in wages.
They have been pouring into Italy and then migrate north where the welfare benefits are best. Now Austria will be staging troops at the Brenner Pass to prevent them from migrating north out of Italy. The Austrian Defense Minister Hanspeter Doskozil said that the Mediterranean route to Europe must be closed.
Even Bill Gates has come out and warned Europe that they must stop the flow of immigrants or Europe will be overwhelmed. This policy must end or Europe will lose its identity.
Bill Gates has warned that European leaders risk deepening the migrant crisis by being too generous to those arriving on the continent.
The Microsoft founder said countries such as Germany will not be able to handle the ‘huge’ numbers of migrants waiting to leave Africa and find a better life overseas.
Instead, the 61-year-old suggested spending more on foreign aid to treat the root causes of migration, while making it more difficult for people to reach the continent.
Read more: http://www.dailymail.co.uk/news/article-4665198/Bill-Gates-warns-open-door-migration-overwhelm-Europe.html#ixzz4mGHGsRGt
Follow us: @MailOnline on Twitter | DailyMail on Facebook
duh…..except the immigration is all planned out.
Doesnt sound like Gates takes that into account.
20-30 years and Europe will be Moslem.
B,
There definitely will be a major explosion at some point in the future. Anyone who bets against that is absolutely crazy!
That’s exactly what our rulers want…destroy Western Civilization…destroy Christianity…destroy the family…destroy the middle class…NWO!
Exactly Eb, too few know that, and even less care.
People must prefer being slaves, thats the only thing I can figure.
I disagree that “our rulers want to destroy Western Civilization”‘
I believe our “rulers”, Democrats, Republicans and RINOs, want to gain or maintain power, and that this desire for many over-rides any consideration of damage they are doing to the country.
Ebolan/B:
It’s not our rulers who want to destroy Western Civilization, it’s our Masters and the two are totally different.
Sure seems that way Bob, thats why I figure people must want to be slaves.
I just watched “snowden”, i mentioned to a friend or 2 we are tracked by our cellphones, people dont care.
At the end of the movie snowden figures things will change from his exposure, nope, nothins changed.
I sorta disagree, but some people think we have free will, well then they choose slavery freely.
Its what they want, anyone have any clue to the contrary?
Loretta Lynch Plot Thickens As New Details Emerge Of Her Dealings With The Hillary Campaign
New details are emerging in the Senate Judiciary Committee’s probe of Loretta Lynch that would seem to contradict testimony that she provided under oath last year as well as a couple of federal laws…
Loretta Lynch and her story is definitely no finished yet!
Volvo’s decision to produce only electric cars after 2019 should spark (nyuk, nyuk) this stock LEM.V. Although Volvo had been a Swedish car company they were bought by a Chinese holding company around 2000. They have production facilities in China, Europe, and North America. The Chinese are desperately endorsing the non polluting electric car to help the air quality in their major cities. India, Europe, and North America are also hot on this technology.
LEM .V has the fully permitted graphite mine (Woxna) and processing facility in Sweden. They are presently the only operational facility in the World outside of China. The Original Gold, Silver, Uranium, Rare Earth Bug and now Graphite Bug, James Dines has this stock as a buy for investors in his fund. Cheap graphite is a key to the new batteries.
https://www.thestar.com/business/2017/07/07/volvos-decision-to-go-electric-should-spark-industry-change-wells.html
Volvo has to do something…not sure that is the correct decision …..all in…electric charging stations would appear to be a problem in U.S.
I had posted this earlier in the week, but in case any weekend readers missed the news….
______________________________________________________________
Volvo Plans to Go Electric, to Abandon Conventional Car Engine by 2019
July 5, 2017 – William Boston
CEO reiterates target of selling one million electric cars and hybrids by 2025
https://www.wsj.com/articles/volvo-to-phase-out-conventional-car-engine-1499227202
Lithium 2017: “Halftime Report”
July 3, 2017 – Joe Lowry – One of the World’s Leading Lithium Market Experts
“The second half of the year should be interesting. Demand growth is clear, supply growth beyond 2017 is still a question mark. Watch the shipments of concentrate from Oz to China (you can get these online), construction progress at Cauchari and PLS, Galaxy’s next move at SDV and what happens in Quebec. Stop worrying about price for now – everyone producing now or in the next couple years will do well.”
* The “Junior World”
Lithium Americas: LAC probably suffers more from investor fatigue and cynicism than any other junior. In the past year they have formed long term strategic partnerships with two of the best companies in the business, SQM and Ganfeng, and secured funding for their share of Cauchari development. Their reward has been a big yawn from the market. I continue to accumulate at favorable prices but DYOR.
Galaxy: Mt Cattlin is operating and has very attractive pricing. Hopefully Sal de Vida development accelerates soon.
Orocobre: Despite many start-up issues ORE has to be considered a player given they are now producing >10K MT LCE. Yes, well below capacity and still some quality issues, but since their average carbonate price is higher than ALB’s – we can’t discount my new “pal” Richard. We all want ORE to succeed.
Pilbara: The ink is barely dry from the recent financing. Now fully funded, PLS can move forward. The market needs the LCEs.
Nemaska: I have written about Nemaska recently so will refer you to prior posts. I love the technology, potential to change the hydroxide cost curve and the fact they can develop in a phased manner if necessary. That said, financing is still the elephant in the room.”
https://www.linkedin.com/pulse/lithium-2017-halftime-report-joe-lowry
Reply to this comment
Battery Metals Stocks Drain, But the Industry Outlook Remains Charged
Posted By Alex Cutulenco & Thomas Chapman – Ubikia
SmallCapPower – July 4, 2017
#Lithium #Cobalt $FCC $FTSSF $NMX $NMKEF $ECS $ECSIF $GXY.AX $GALXF
I still think big oil..is going to stick a rod in their socket……
This is a 70’s replay..
The world and the automotive makers weren’t ready in the 1970’s. Most car companies are now preparing for and releasing Electric Vehicles. The cheese is moving.
This time around EVs are getting more traction….
I said this several years ago…..electric cars are not new…..check out the first electric car about 1912
Big oil is still in control….the current administration has an Exxon x president in the cabinet
Tesla to build world’s largest Lithium-ion battery in Australia
In under 100 days or “it’s free.”
Cecilia Jamasmie | July 7, 2017
http://www.mining.com/tesla-build-worlds-largest-lithium-ion-battery-australia/
Lithium-rich countries risk missing the boat on electric batteries boom
Cecilia Jamasmie | about 17 hours ago #Charts
“As Tesla Motors begins to build the world’s largest lithium-ion battery in Australia and other vehicle makers such as Volvo get on board the electric vehicles train, concerns are rising over the environmental footprint of mining that and other materials used in car batteries, as well as their eventual disposal.”
“According to analysts at UBS, by 2025 the market will need 12 times the battery capacity currently available. At the same time, only 5% of lithium-ion batteries get recycled, versus more than 90% of those used in conventional vehicles, reports Financial Times:”
http://www.mining.com/charts-lithium-rich-countries-risk-missing-boat-electric-batteries-boom/
Bingo……concerns….from who…
Powers that be…70’s replay….
The concerns over disposal and recycling of Lithium-Ion batteries are legitimate, but the marketplace will always fill that void. There are companies (like one of the KER sponsors American Manganese) that do recycle batteries. There are a few other companies that are doing the same.
Here’s another one called Retievetech:
I thought Am. Mag. Was BR
They do a few different things and having mining, but part of their business model is battery recycling.
Thanks for update
Berkeley Energia: crucial weeks ahead before URANIUM BOOM
FinancialFox – Jun 14, 2017
“Paul Atherley, MD at Berkeley Energia, talks about the opportunity in investing in uranium NOW at the bottom of the cycle. The key drivers indicators in the markets are telling us that the current uranium price is unsustainable so we will see a recovery very soon. Berkeley Energia owns the largest European uranium project, the Salamanca mine, in Western Spain which is now gearing up for construction planned for later in the summer. A new strategic investor/partner will be soon brought in over the next couple of weeks, to close the full funding of the CAPEX for construction required. More off-take agreements at advantageous terms are on their way as well to secure at least the first year of uranium production. A stock to watch out. Get Researching Now! NOTE: Cassiopeia Services has interest in Berkeley Energia.”
First of all, American Manganese is not technically a sponsor, we have posted their logo because I, personally, believe that Larry Reaugh can make this company work.
It is my understanding that the company is not bankrupt as they just closed a non-brokered private placement.
Thanks Big Al. For the record, it was not me that said they were bankrupt, but you may just be making a general statement addressing both parties in the discussion.
To be clear, I was speaking about them in a positive way, and feel the Battery Recycling, along with their mining properties, gives (AMY) a unique position in the Battery Tech space .
As far as mentioning they were a sponsor, that was me, and I apologize, but thought they were a sponsor since their banner is posted on the “Sponsor List” and they’ve come on the show for interviews in the past. I’m very constructive on their company and wish them the best.
It would be great to hear an update from Larry on how things are going with American Manganese sometime down the road if he felt like coming on.
Guess you would have to “do the math” to figure it out.
Rare-earth rancor: Feds must stop Chinese purchase of US mine
BY JEFF FERRY, OPINION CONTRIBUTOR – 06/26/17
“A U.S. bankruptcy court has decided to sell a California mine, the sole U.S. source of rare earth minerals, to a consortium including Chinese mining company Shenghe Rare Earth Shareholding Co. If the transaction goes ahead, it would turn over the unique domestic producer of these vital minerals, used in many high-tech electronics products, to a Chinese-affiliated company.”
“China already accounts for some 90 percent of world production of rare earth minerals and has demonstrated its ability to prioritize its own Chinese customers with export restraints on rare earths imposed in 2009, causing anger and consternation worldwide.”
“The $20-million sale of the Mountain Pass, California mine follows the 2015 bankruptcy of Molycorp, a public company that invested over $1 billion trying to build a U.S.-based producer of rare earths….”
Wow. This is why I originally invested in Quest Rare Minerals; that is, rare earth company in Canada. I now wonder if the Chinese might try to buy (or invest in) QRM ? A small glimmer of hope?
Hi Brian – I had written you back the other day about the REE companies and Specialty Metals companies that I think have the best odds of survival.
“As for Quest mining, that was my concern with them….. they went the way of the Dodo…. like so many specialty metals companies before them….”
(I’ll add that I used to own Quest years ago because I believe they really locked into a very unique deposit, and at one point they were winning Exploration & Geology award and were a TSX venture top performer. They’ve had a long fall from grace like so many other companies like Molycorp, Great Western Minerals, Lynas, Avalon, etc….)
The only specialty metals companies I like and own or may own in the foreseeable future are Alkane Resources, Matamec, UCore, Commerce Resources, Arafura, Largo Resources, NioCorp, and IBC Advanced alloys. There are a few others I’m still watching from a distance, but those are the main ones.
Upon further consideration, there may be the case to be maid that Quest could sell out to an Asian Consortium and still have a happy ending. That’s worth mulling over for sure.
made (not maid)
The Falsehood at the Core of Trump’s Warsaw Speech
https://www.theatlantic.com/international/archive/2017/07/trump-warsaw-speech/532917/
AJ, I found this article to be distasteful.
A lot of conjectures. Nothing more that the writer’s opinion and that makes me angry.
RECENT GOLD PRICE DECLINES = THE CUSP OF A MAJOR UPWARD MOVE
When the Trump administration finally gets around to reversing Obama’s secret executive order, which began authorizing this liberal gold swap policy in April 2013, the price of gold will soar. At the moment, it seems, that is not going to happen overnight. The attention of the Trump administration has been diverted into a myriad of squabbles. Key players, who might otherwise be active in reviewing matters that would bring an end to this short-sighted foolishness are too busy putting out petty political fires. An enormous flow of American treasure continues to flow out of the United States.
Avery Goodman
Member Since 2008
Avery B. Goodman is a licensed attorney and the author of the action-packed Wall Street thriller “The Synod”.
He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law School and is a member of the Bar, licensed to practice law in several jurisdictions.
Mr. Goodman serves on the roster of neutral arbitrators of the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). His career has consisted not only of prosecuting cases on behalf of clients, but also in sitting in judgment on the cases involving others, and making important decisions on intra-industry and customer disputes involving securities issues.
As an independent investor, Mr. Goodman has observed that markets are subject to frighteningly high levels of disinformation. Investors desperately need a voice of logic, reason and common sense. For that reason, he is now sharing thoughts with the community.
https://seekingalpha.com/author/avery-goodman/articles#regular_articles
Thanks for that information about Mr. Goodman, Markedtofuture.
Big Al, he has written a few good articles. Dr. Dave Janda just wrote a Letter to The “Head Dude ” of The CFTC over this last fiasco. Folks are starting to take notice of the criminal behavior. Bullionstar is also on it.
CME Stays Silent on Cause of COMEX Silver Flash Crash
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$14.34 all within a 1 minute interval. The futures price then recovered nearly all of its losses in the subsequent 2-3 minute period. High to low, this COMEX silver futures contract saw its price fall by just over 10.7%, before rebounding nearly 11%.
During this time when the COMEX price crashed, there was nothing fundamentally happening in the wider financial markets, or indeed in the physical silver market, to justify these price gyrations in COMEX silver futures prices. Which all goes to show that the COMEX ‘paper’ futures silver prices is completely detached from the physical silver market, and that COMEX silver futures prices have no anchoring in the real silver market.
This price movement in the September 2017 silver futures contract (contract code SIU7 aka SIU17) can be seen in the below 1-minute tick candlestick chart from CME. Times in the chart are New York Time (NYT), which is 12 hours behind Singapore.
During this one minute period between 19:06 NYT and 19:07 NYT, the SIU7 contract saw trading volume of 4954 contracts (the 4.954K in the chart below), with the price falling from a high of 16.065 to a low of 14.34, before ending that minute period at US$ 14.68.
The COMEX SI silver futures contract, which is a deliverable contract but which in practice is rarely delivered; is a futures contract for 5000 troy ounces of silver. The 4954 contracts traded during the 1 minute period in theory represent 24.77 million ounces (770 tonnes) of silver and would be valued at $397.8 million at the opening price of US$ 16.06 at 19:06 NYT.
Overall within these 4 minutes, more than 8,300 September silver contracts were traded. continued….
http://www.zerohedge.com/news/2017-07-08/cme-stays-silent-cause-comex-silver-flash-crash
If a few dozen go to jail ,it might change.
How is anyone going to jail the BoJ…..
Jerry you were speculating awhile back?
Comey’s private memos on Trump conversations contained classified material
More than half of the memos former FBI chief James Comey wrote as personal recollections of his conversations with President Trump about the Russia investigation have been determined to contain classified information, according to interviews with officials familiar with the documents.
Thanks for the update
I looked at all Executive orders signed by Obama in April, 2013.
None refer to gold swaps.
CFS…i aked him if there was a link or executive order number, although it says secret.
Obama’s secret executive order, which began authorizing this liberal gold swap policy in April 2013, the price of gold will soar.
Answer Back….July 10, 2017 at 5:12 am
There is no order number that is publicly disclosed. There can’t be. If there was, the policy would not work. However, under the Gold Reserve Act of 1933, only the Secretary of the Treasury, with the consent of the President, has authority to release US-owned gold into the market. Remember, the Federal Reserve admits that the gold swaps exist. In the absence of a new Act of Congress, they can only occur (and this includes the swaps under both Obama and previous administrations) pursuant to an order of the President.
All the big players in the gold industry, along with the then-Secretary of the Treasury met with President Obama on April 11, 2013. That was only one day before the biggest price attack on the gold market in history. The meeting, which is documented in White House meeting records, is very strong circumstantial evidence that a new executive order was issued that day, authorizing a far larger tonnage of gold swaps. You will never be able to get the executive order number of any of the Presidents who have authorized gold swapping. Even when this one is eventually reversed by Trump, the likelihood that it, or any of its predecessors will ever be declassified is nearly zero percent.
Investing in Discovery Plays: High Potential Reward with Minimized Risk
Steve Todoruk | Jul 8, 2017
“In this interview, Steve Todoruk of Sprott Global shares his insights on investing in junior exploration companies. Steve’s particular focus and expertise is in investing in discovery plays, which are junior explorers who have just released the results of their initial discovery hole. As a professional geologist as well as a stock broker, Steve is able to analyze the initial drill results and assess whether he thinks a large resource will be defined through subsequent drilling before he invests. Over the years this discovery play approach to investing in junior explorers has produced high returns for Steve and his clients with minimized risk.”
Here is something new. New crypto bank called SALT. ,will loan you cash against your crypto currency……just got the info from Bix Weir.
He will be putting on YouTube later.
hardy har har, banking, loans, where have I heard that before?
Crypto mania….
Maybe the real “tulip”….Will be in crypto bulbs 🙂
RMG will offer a secure method for electronically investing in and trading gold using blockchain technology.
“The Royal Mint, the world’s leading export mint, and CME Group, the world’s leading and most diverse derivatives marketplace, have partnered to offer this trading opportunity via CME Group’s trading platform. Both The Royal Mint and CME Group are synonymous with integrity and accuracy and both are committed to innovation and security, using a blockchain ledger to record all RMG transactions.”
Blockchain Will Disrupt Metals & Mining
Daniel Koffler – Published on June 27, 2017
https://www.linkedin.com/pulse/blockchain-disrupt-metals-mining-daniel-koffler
For illusory freedom, folks sign on to the Borg.
An interesting blockchain primer here:
https://blockgeeks.com/guides/what-is-blockchain-technology/
However, with “Blockchains are a “wisdom of the crowd” technology…” I flip the safety on my Browning…lol.
Forget the screw ball cme..they are part of the problem
About SALT
SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money to spend without having to sell your favorite investment.
Process
Easy application, fast approval, and no credit checks.
Get cash deposited directly into your bank account.
Economics
Competitive interest rates with no prepayment fees.
Maintain your position and avoid less-than-optimal tax events.
Liberty
Freedom to get your assets back whenever you want.
Cash to spend however you want.
SALT streamlines every step of the loan. We’ve simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score. Borrowers are automatically matched with capital from our extensive network of lenders. SALT keeps collateral assets safe in a fully-audited, ultra-secure architecture during the life of the loan so members can borrow with confidence.
The primary use of SALT seems tax avoidance.
The Donald was going to stand up to China . WAS going to demand China put North Korea in a box. BUT Trump is backing down now that China backs off. Trump said he would be strong. BUT he is a back down guy. Also his promise to get tough on NAFTA , or China trade seemsto be lip service. Pray for peace. S
I could not agree more Mr. Nelson, “pray for peace”
I do remain steadfast in my support of the president at this point in time.
Better Trump than those minions of satan clintons.
Sorry for my typo Mr. Hamilton.
It appears to me that North Korea now has the capability to take out much of the North American electrical grid with 3 EMP nukes.
I find it difficult to believe they would commit suicide in this way, however.
I happen to agree with you on your your feelings about potential future actions of North Korea.
If those emps actually exist, i dont believe anyone should doubt even for a second the N Koreans would hesitate to use them in the least should the americans attack them.
Why would they hesitate? Look what the americans did to them the last time.
The N Koreans will view it as having nothing to lose.
I would put it another way b.
First of all, if we or one of our allies does get attacked by North Korea, the country will cease to exist in its’ current state.
Secondly, I do not believe that Kim Jung un rules by anything other than brute force. When you say what the U.S. did the last time, I would assume that you mean The Korean War (about 60 years ago).
History has shown that the U.S. has bent over backwards to instigate peace. Who continues to break the treaties?
Now that is funny Al.
“The U.S. instigates peace”
What treaty are you mentioning? I can only find the 1882 treaty that states, in part
…. mutual friendship and mutual assistance in case of attack……
so much for that one, and the 1953 armistice.
I just wanted to open my window and scream, “STOCKS IN THE CONVENTIONAL MARKET LOOK DANGEROUSLY HIGH”, but it won’t do me any good so I think I should retract that statement. LOL! DT
“The DOW’s Shrinking Headroom: Sans correction, overbought at 23,014”
http://www.trendlinemagic.com/2017/07/the-dows-shrinking-headroom.html
I would like to set the record straight, if you have money and I believe that to be people who aren’t in debt as indentured slaves, you don’t buy a Mercedes or A BMW, that is new. Only fools purchase those cars and let me tell you they don’t make a German status car that is stripped down for the plebs. But everywhere I look in my city these days almost every second car is either a Mercedes or a BMW. Debt is everywhere and the plebs love image, it is so easy to sign your life away. People don’t care, for them image is all that counts and the banks understand this. It is such a shame that our education system doesn’t teach people how stupid it is to be enslaved, that will be something to be learned when it can’t. DT
For what it is worth Mr. Tracy, Kathy and I have been driving BMW’s since about 1992 and we have never purchased a new one and have never leased one. My 325 ci convertible has less than 75K miles on it and you can eat off the floor.
As you can see, I practice what I preah.
Al, re-watch a cult classic from the early 1950’s, ” The Day The Earth Stood Still”, the aliens had it figured out they used diamonds as currency, think about crypto technology, how could we have gotten it so wrong but the film makers had gotten it so right, so long ago. I think we are such fools. DT
I remember that movie, Mr. Tracy and it was a good one.
Stateside Report Podcast – July 9, 2017
n this 50th episode of the Stateside Report podcast we take a look back at the week in gold, silver, the base metals and the stocks and then discuss the press releases from the following junior exploration exploration companies: Arizona Silver Exploration $AZS, Banro Corp $BAA, Rio Silver $RIO, Midnight Sun Mining $MMA, Chalice Gold Mines $CXN, GGX Gold $GGX, Bell Copper $BCU, Antler Gold $ANTL, Prosper Gold $PGX, Knick Exploration $KNX, Enforcer Gold $VEIN, Decade Resources $DEC, Highway 50 Gold, $HWY, Aldever Resources $ALD, TomaGold $LOT, Parlane Resources $PPP, Agnico Eagle $AEM, Eskay Mining $ESK, Ashburton Ventures $ABR, Clean Commodities $CLE, and Mountain Boy Minerals $MTB. We talk gold, silver, lead, zinc, copper, nickel, uranium and oil.
No….investors need to turn gold bullish, as the yen is pegged to gold. ( no the other way around ) get it?
Not* the other way around)
Of course opinions don’t drive trends, Billy. Who ever said that they do?
Believe it or not, some people do understand enough about economics and monetary policy to know that gold and especially the gold miners are very likely to do very well in the not-too-distant future, your opinions about wage inflation not withstanding.
Massive inflation has already taken place and the economy is clearly not healthy even IF it is better than many bears think. In addition, the stock market is unappealing to a lot of smart investors right now whether you agree with them or not.
The effects of inflation (of the money supply) will be showing up for a long time to come and multiple technical and cyclical factors are aligned, from a big picture perspective, to support this fundamental reality.
However, the real question is, what’s it to you if people choose a different set of tools and risks than you do? You’re the worthless bottom-feeder for your attitude. Do you think your crying is going to erase my years of huge gains? Are you also stupid enough to think I don’t know the difference between the risk profiles of my trading and my approach to the junior miners?
Whatever your successes, your knowledge is clearly as narrow as it is shallow.
For some reason, I will now watch again “The Natural”.
“Dissing” opinions is just fine but dirtballs like you make it personal. Do you think it’s lost on anyone who the real troll is?
You need to re-read your comments if you think I’m the angry or sensitive one. You got your lace undies in a bunch when I countered your claim about Rick Rule. And here we are. lol!
That’s meant for T. Billy.
Morning Matthew,
I know that we here advocate free speech; however your second to last paragraph is simply personal and really not appropriate. Common man, you are much too smart to have to do that.
Matthew
I just read most of Trader Bill’s commentary and I can understand your anger. Did you happen to see Bob’s comment regarding Trader Bill. I now understand your actions.
Gold gained as much as 30% last year but, look at that, this opinion was still correct:
http://stockcharts.com/h-sc/ui?s=%24GOLD%3AGOEX&p=D&yr=1&mn=9&dy=22&id=p08259151063&a=533508985
We know several Central banks are looking into crypto-currencies:
e.g. China, US, Japan, Australia, UK.
Many think the derivative system may crash the banking system worldwide.
We know several countries are considering cashless-ness.
e.g. India, Australia,…
Rickards has suggested if the banking system collapses, it will be resurrected with SDRs.
Rickards is more Knowledgeable and intelligent than I am, but what if he is wrong?
The problem with Fiat money is that it has been expanded incessantly by countries by increasing debt in order to cause inflation and create “hidden” taxation.
What would happen if a country or group of countries developed a crypto-currency to replace its fiat currency?
(I can’t really believe they would, but what if?
It would have a fixed amount of tokens supposedly (at least for a while)
If the country went to a single taxation system, using smart contracts block-chain for its tokens, it could theoretically go to a consumption taxation system, which could eliminate the IRS.
Since now all tokens (money) is allocated to specific IDs, such tokens and IDs could be used for many things:
e.g. voting rights.
Indeed, if a country wanted to link the tokens to specific electronic chips (perhaps implanted) we have a tracking-banking-identification-taxing system.Is it not possible such a system could replace fiat monetary systems?
If the world can kick the fiat banking system can down the road long enough, could such block-chain crypto-currency system eliminate a worldwide banking collapse?
CFS:
SDRs are still fiat.
Don’t ever forget that Rickard went bankrupt when LTCM collapsed and anyone who couldn’t see they were a balloon looking for a pin doesn’t understand finance.
RM, Of course SDRs are still fiat. However they are not single-country fiat and they are not, in theory, directly attached to the derivative problem.
I thought Rickards was counsel for LTCM and his personal wealth not tied into the company, and thus did not personally go bankrupt.
CFS:
LTCM took Rickards’ money with them. Fiat is fiat and SDRs are still fiat. What he is suggesting is that when all fiat currencies across all countries blow up, somehow people will turn to an all country Fiat currency. Think about it for just a moment.
I don’t think so.
Any currency the government decrees is legal is fiat, including gold.
We pay our taxes in fiat or go to jail for tax evasion.
Thats the value of fiat imo, not going to jail.
Zerohedge is saying the economist magazine predicted a world currency in 2018.
In their January 1988 issue.
Its possible tptb knew all along the debt would become unmanageable and are fully prepared for it.
Just sayin…its possible.
The SDR will be used for trade between counties at a certain rate for fair trade. It has nothing to do with being a world currency. It’s used for a medium of exchange to keep parity between countries. And it can be used under fiat and gold standard.
History. Special drawing rights were created by the IMF in 1969 and were intended to be an asset held in foreign exchange reserves under the Bretton Woods system of fixed exchange rates. 1 XDR was initially defined as US$1, equal to 0.888671 g of gold
Being that the SDR is about to come into play again,, so is the gold standard.
The SDR rate of the USD is .72. And that’s where the dollar is headed.
Wow, b, you still don’t get it. Gold is never fiat because it is money whether any gov likes it or not. Fiat money is what government calls money that isn’t.
We’ve been through this before so I’ll leave it there.
I don’t think so either, that’s why I was thinking “what if? Crypto-currencies could replace national fiat currencies.
More people have cell phones than bank accounts.
A government-run crypto-currency system could be a distributed ledger system allowing simultaneous payment and taxation and the currency would be independent of the banking system……so no need for any rescue of a failing banking system.
Would such a system be accepted by the general public? Would any Government accept being limited?
The possible ease of use and uses to which block-chain system(s) would probably exceed any gold or silver based monetary system, which would still require a banking system.
I think its yourself lacking in understanding a bit Mat.
You showed that some time ago now.
I knew your opinion when I posted.
I dont want to get into another what is money discussion tho, or what fiat is.
So ya, leave it at that.
Lol, b, or should I say, Mr. Dunning–Kruger?
Greg Hunter Usawatchdog , new guest on crypto warning bells coming in August.
The guy on USAWatchdog was factually incorrect on at least one statement.
He said (I’m paraphrasing) that bitcoin was safe in a paper or similar wallet during a fork. That may or may not be true, depending on specifics.
The” fork in the road”, was interesting….,thanks for the reply
“Dow Transports Signal Higher”
http://www.trendlinemagic.com/2017/07/dow-transports-signal-higher.html
Segment 7& 8:
Never forget Obama was and is an American TRAITOR, who did not want a successful US, and who was in addition to being a bastard was a Marxist.
Anyone who is thinks there is anything human-related in climate change is ignorant.
Such people simply have not studied sufficient historical data.
OFF Topic:
https://www.youtube.com/watch?v=RprXLLLHv10
I was born too soon…..
I definitely would like to see a World where diamonds are used as currency and wars are a thing from the past. DT
Given that manufactured diamonds are becoming better and cheaper, I believe that would be a stupid choice.
CFS, you just put yourself in a box, manufactured diamonds can be made of different qualities and for currency you would use the highest grade. They last a long time unlike crypto currency that can disappear overnight by being hacked, or have a solar flare or EMP bomb shut down our digital system thereby wiping out all banking. Fiat currency notes do not last long either and can easily be counterfeited, that only leaves gold, and silver. I think your response is stupid because it is knee jerk like most of your posts. DT
Trader Shrill:
In 1984 I was working as a commodity broker and we had a guy in the office that sounded just like you. Of course it couldn’t have been you, you weren’t even a mote in your mother’s eye. But he knew everything and made fun of everyone else and could do no wrong. He knew all the buzz words and used them constantly. If you listened to him, you might think he was the greatest trader on earth.
How much coke do you need to do to get so arrogant? Because if you aren’t coked up most of the time, I have never met anyone coked up.
Operation Freedom Podcast… July 9, 2017
Keith Neumeyer CEO, First Majestic Silver Corp interview
http://www.davejanda.com/guests/keith-neumeyer/sunday-july-9-2017
Avino Provides Update on Bralorne Gold Mine
July 10, 2017 – (ASM)
“Since acquiring the Bralorne Gold Mine in 2014, the Company has been focussed on returning this historical gold mine to production while building long term relationships with the First Nations and local communities towards this common goal. Instead of taking a phased approach to the future re-opening of the mine, the Company is evaluating the possibility of combining the phases and potentially start the mine at a higher operating rate. A diamond drill program is being planned for the fall to define the resources for mining purposes and potentially expand the resources.”
David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.
http://www.newswire.ca/news-releases/avino-provides-update-on-bralorne-gold-mine-633583533.html
Mcalvaney on SGTReport:
Merkel Migrant Blowback Begins: “Chechen Sharia Police Terrorize Berlin”
A hundred Islamists are now openly enforcing Sharia law on the streets of Berlin, according to local police who are investigating a recent string of violent assaults in the German capital. “Everyone’s attention is fixed on the Syrians, but the Chechens are the most dangerous group. We are not paying sufficient attention to this.” – Police in Frankfurt (Oder).
Can’t remember where I posted it, but I remember putting in a prediction of the gold price at the beginning of the 2017 yr. Think I said something along the lines of it closing higher then 2016, but only about 8-10% at most. Prediction was somewhere around the $1230-1270 region……really can’t recall what I wrote but would be interesting if I could dig it up, I was attempting to analyse the charts back then and considering all the seasonal trends etc……. I’m not a technical guy otherwise I just look at the charts and consider if this is low enough 🙂
Thanks for your efforts as always fella’s !
Much appreciated.
Cheers to all.