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Post by Entendance on Jan 29, 2021 5:48:53 GMT -5
The bullion bank silver short on Comex is about 100m ounces and there is no liquidity in London. It won’t take much to put a rocket under the price, as we are now seeing. Could destabilise all PM contracts. -Alasdair Macleod
The craziest thing about the ongoing Robinhood and WallStreetBets saga must be that the former was selling their clients’ positions in GameStop without permission. That’s even worse than halting trading. It’s like your bank selling your home because that pleases them for some reason. Bet a lot of people never knew that Robinhood was just a division of Citadel. Well, they know now. Also pretty crazy is Janet Yellen receiving $800,000 in “speaking fees” from Citadel but refusing to recuse herself from the case. That could mean Biden needs to find a replacement, fast. Because her ethics agreement appears quite clear on the matter. Then again, she’s gobbled up so many of these fees from so many financial companies that she would be a lame duck Treasury Secretary if the ethics were actually applied and enforced. To be continued. -The Automatic Earth
‘F**k Robinhood’: Protests Rock New York Stock Exchange Amid GameStop Craze – Videos
"...Since it was first discovered by man, gold has played a unique role in the history of the world, in the economic growth of civilisations and in every major religion. The history of the world is inextricably linked to gold. Gold has also played a unique and ever present role in the monetary history of the world. The use of gold as money has been traced back to 4000 B.C. when the Egyptians used gold bars of a set weight as a medium of exchange. From the 6th century B.C. to the 20th century A.D., gold coins circulated in numerous civilizations all over the world. In doing so, gold facilitated trade and enabled economic activity. It is only in our lifetimes or the lifetimes of our parents that gold has not circulated universally as money. This is a relative blip in time compared to the previous thousands of years in which gold circulated as the ultimate form of money, Gold is not called the money of Kings for no good reason. For much of the 19th and 20th century, gold played the role as the anchor stone for the entire international monetary system, from the classic gold standard through to the Bretton Woods era. Since 1971, the world has been engaged in a fiat currency experiment the likes of which have never been witnessed before, with central banks pretending that gold is not important while busily stacking all the gold they can find. If the architects and rulers of the world’s former civilisations and empires were to see a glimpse into the contemporary world where circulating gold coinage has disappeared, how do you think they would react?.." -The History of the World is a History of Gold
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Post by Entendance on Jan 30, 2021 3:23:54 GMT -5
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Post by Entendance on Feb 10, 2021 11:48:00 GMT -5
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Post by Entendance on Mar 13, 2021 5:15:02 GMT -5
"...The CME Group and LBMA truly opened "Pandora's Box" when, in a desperate attempt to shore up confidence in their pricing scheme, they advertised and converted their COMEX contracts into physical delivery vehicles following the events of March and April 2020. By doing so, the CME and LBMA very likely sealed the fate of their fraudulent pricing system, and the continued delivery demands of 2021 are maintaining the pressure and stress felt by the Bullion Banks in the twelve months since." COMEX "Delivery" Update
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Post by Entendance on Mar 27, 2021 4:03:02 GMT -5
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Post by Entendance on Apr 10, 2021 2:14:21 GMT -5
London metals trader Andrew Maguire, in his weekly program with Shane Moran for Kinesis Money, praises GATA's consultant on the Bank for International Settlements, Robert Lambourne, and explains why he sees the current futures trader positioning in gold as bullish. Then Maguire interviews GoldMoney research director Alasdair Macleod. Among other things, Macleod says rising interest rates are not necessarily bad for gold and did not hold gold back during its explosion in the late 1970s. Markets, Macleod adds, are "totally broken" and traditional price relationships have been erased because the Federal Reserve is suppressing interest rates and pushing up financial asset prices. Inflation is already far higher than the Fed's 2% target, Macleod says, and Russia and China hold far more gold than they report officially. But Macleod says China doesn't want to be the one to destroy the dollar and the world financial system, preferring "evolutionary" changes to it. Macleod envisions central banks returning to some sort of gold convertibility for their currencies.
My research into my latest article on debt ( HERE) persuades me that the last chance to load up on physical silver has probably passed. One day very soon we will wake up to a different world where gold and silver are bid only. It can suddenly happen. -Alasdair Macleod
Regarding alternatives to government currencies, have you ever considered the influence of the largely surreptitious intervention in the gold market by governments and central banks in the implementation of their longstanding policy to prevent gold from competing with government currencies?
A recent summary of the history and documentation of this policy is here. Gold market intervention seems to be a prohibited subject at Bloomberg News. But the gold price really cannot be accurately analyzed without accounting for it, and this intervention has a profound influence on all major markets. With good wishes. -CHRIS POWELL, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
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Post by Entendance on Apr 17, 2021 3:13:36 GMT -5
"Credit Suisse is hours from collapse and the consequences could be a systemic failure of the financial system..."
China has given domestic and international banks permission to import large amounts of into the country, five sources familiar with the matter said, potentially helping to support gold prices after a months-long decline.
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Post by Entendance on Apr 18, 2021 3:07:03 GMT -5
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Post by Entendance on Apr 21, 2021 4:28:01 GMT -5
The best estimates currently available suggest that around 197,576 tonnes of gold has been mined throughout history. The beautiful thing about it? ALL of it is still here. That is what you call generational wealth. -The Gold Telegrath
2008-2020 What used to be a market is now just a casino where gamblers bet on what the next central bank policy statement will be. Forget about price discovery, supply and demand, charts, etc. All markets have become instruments of Deep State policy.
Take Care, Stay Blessed. E.
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Post by Entendance on Apr 24, 2021 3:44:39 GMT -5
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Post by Entendance on May 1, 2021 4:37:25 GMT -5
Let The Silver Raid Begin!
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Post by Entendance on May 8, 2021 3:42:02 GMT -5
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Post by Entendance on May 22, 2021 3:49:39 GMT -5
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Post by Entendance on Jun 5, 2021 2:02:15 GMT -5
Ne pudeat quae nescieris, te velle doceri. Scire aliquid laus est, culpa est nihil discere velle. -Marcus Porcius Cato Uticensis (It is not shameful to want to be taught what you don't know; to know something is commendable - the problem is not wanting learn anything.)
Central banks in Russia, China, and other countries are increasing their competition for physical gold in the London market as the implementation of the Basel 3 regulations on "unallocated" gold draws near, bullion trader Andrew Maguire says in his weekly interview with Shane Morand for Kinesis Money. Meanwhile the manipulative smashes of gold prices on the eve of futures market options expiration are becoming less effective, Maguire says, with prices bouncing back quickly amid heavy demand for real metal. Maguire cites the recent commentary of Hugo Salinas Price of the Mexican Civic Association for Silver to the effect that Russia and China are coordinating the links between their currencies and gold in an effort to strike at the hegemony of the U.S. dollar...
Same as what’s in the Social Security Trust Fund?
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Post by Entendance on Jun 12, 2021 2:45:37 GMT -5
Hugo Salinas Price
...contrary to the mint's claims, the mint does not hold enough metal to back all its obligations to customers...
"...1) Unallocated accounts are just another part of the alchemy the bullion banks and their friends in the precious metals industry have used to expand the availability of "precious metal equivalents". This system and the leverage inherent to it serves a role in creating the illusion that gold and silver are far more abundant than they actually are. 2) If you are currently an investor in an unallocated account, understand that your reduced storage and insurance costs are due to the fractional reserve component of the unallocated account. As long as you hold unallocated metal, the only thing you truly own is exposure to price. 3) Only true, physical allocated and segregated metal contains no counterparty risk. With everything else—from ETFs to metal certificates to these unallocated accounts—comes the counterparty risk of untimely liquidation and default..." Untrustworthy Unallocated Gold
"Looking at our introductory chart, it seems bizarre that in a year when the US dollar M1 money supply is growing at 15% annualised (since 1 January), with interest rates still supressed at the zero bound and with the price effects beginning to undermine the carefully choreographed CPI statistics, that gold is unchanged on the year. This week provided evidence that this may be changing, with both gold and silver refusing to dip despite some determined bear raids.."
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Post by Entendance on Jun 26, 2021 1:55:50 GMT -5
"...This past week, the Fed spent nearly $1 trillion in one night in the reverse repo market. The Fed does not want rates to fall below zero, and on the other end, it is spending $120 billion a month (at least) not allowing rates to rise too much in the repo market. Got that? Just know something is very wrong at the Fed when they have to spend $1 trillion in a single night. There is no fix that is going to happen. They are just going to keep it going until it blows sky high. Cut back on risk is my best advice..."
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Post by Entendance on Jul 3, 2021 1:04:57 GMT -5
"Silver is manipulated and suppressed in price and has been for decades because large traders on one side of the COMEX – traders labeled as “commercials” on the short side – are cheaters. Cheating is a deliberate attempt to evade the rules of the game to achieve an unfair advantage. Where do I get off calling the commercial traders in COMEX silver cheaters? I am including the referees – the regulators at the CFTC, the CME Group and the Justice Department – as complicit for allowing the cheating to continue. Simply stated, the COMEX is a crooked game run by cheaters and officiated by those condoning the cheating.
The proof of the cheating resides in the public data, specifically the data contained in the weekly Commitments of Traders (COT) report. On every significant price decline in COMEX silver (and gold) for the past four decades, the commercial traders, particularly the 4 largest shorts, have been big buyers. This was true on the most recent decline and every price decline for decades. It has been incredibly lucrative for them, amounting to billions in gains without any losses until recently. So, the question becomes – how can one small group of traders always end up as big buyers on every significant price decline? The only answer is the big commercial buyers were cheating. There is no other way for this to be accomplished – even once and not for the scores or hundreds of times this has occurred over the decades. It is impossible for the commercials to have achieved the incredible market feat of always buying big on significant price declines without cheating..." -Ted Butler: Cheating
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Post by Entendance on Jul 7, 2021 1:40:48 GMT -5
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Post by Entendance on Jul 10, 2021 5:20:32 GMT -5
ECB owns EU governments...lol
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Post by Entendance on Jul 20, 2021 2:13:21 GMT -5
The greatest of the lies is the daily-telegraphed message that extreme money printing and debt expansion is only “temporary” and “under control” as opposed to a full-out addiction which always ends in a fatal financial overdose.
These Charts Challenge the Status Quo Thinking on the Stock Market
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Post by Entendance on Jul 24, 2021 1:56:47 GMT -5
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Post by Entendance on Aug 11, 2021 0:07:05 GMT -5
August 11, 2021 Dear Fellow Investor, We’ve seen this movie before. Most notably, it occurred in April of 2013, when high-frequency traders (HFTs) pocketed a billion or so dollars by taking the gold price down more than $250 over the course of two trading sessions. They did it again on Sunday night. Here’s what happened, and what it means for gold now
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Post by Entendance on Aug 13, 2021 0:58:35 GMT -5
The Entendance Beach & Nixon: 2 pages
Bubbles tend to topple under their own weight. Everybody is in. The last short has covered. The last buyer has bought (or bought massive amounts of weekly calls). The decline starts and the psychology shifts from greed to complacency to worry to panic. – David Einhorn
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Post by Entendance on Aug 17, 2021 2:15:25 GMT -5
!!
"Don’t kid yourself, the economy is rotten from the inside out, and the Fed is just masking risk. This is what Peter Schiff says, and that idea is hard to dispute. Cycle analysts, like Bo Polny, say the U.S. dollar is going to fall soon, and it’s going to be ugly. Data mining analyst Clif High says the Biden Administration will collapse in the fall because of hyperinflation. It’s hard to imagine that people like High and Polny will be wrong at the same time, but we are going to find out soon. I would not bet against either of them. If they are only half right, very hard times are coming, especially for the U.S. dollar." -Greg Hunter here
More Physical Gold & Silver Videos here
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Post by Entendance on Aug 23, 2021 23:22:45 GMT -5
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Post by Entendance on Sept 4, 2021 3:20:24 GMT -5
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Post by Entendance on Sept 8, 2021 1:49:32 GMT -5
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Post by Entendance on Sept 11, 2021 5:01:41 GMT -5
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Post by Entendance on Sept 18, 2021 3:45:43 GMT -5
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Post by Entendance on Sept 23, 2021 2:15:17 GMT -5
"...It’s long past the time to break up both the Fed and the mega banks on Wall Street. The Fed should return to being just a central bank and stripped of its powers to supervise any bank in the United States. The mega banks on Wall Street should be separated so that no federally-insured, deposit-taking institution in the U.S. is part of a holding company that owns derivatives or stock trading operations, investment banking, brokerage or insurance companies. This form of bank separation served this country well from 1933 until the Clinton administration repealed the Glass-Steagall Act in 1999. We’ve had bailout after bailout ever since then. It’s time for Congress to admit that things have gone hideously wrong since it approved the repeal of the Glass-Steagall Act and restore it."
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