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Post by Entendance on Jul 5, 2022 5:04:03 GMT -5
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Post by Entendance on Jul 8, 2022 11:33:54 GMT -5
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Post by Entendance on Jul 11, 2022 9:35:57 GMT -5
Banksters Cartel International LII
'...Meanwhile, the current buy window for repressed precious metals is remarkable, and once central banks cripple the markets to their deflationary pain points, chaos will return, along with the inflationary money printers—all of which will send precious metals higher and fiat currencies and markets to their mean-revering lows.'
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Post by Entendance on Jul 13, 2022 0:30:58 GMT -5
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Post by Entendance on Jul 15, 2022 11:34:07 GMT -5
Official intervention in the gold futures market to suppress the monetary metal's price is making conversion of gold contracts to physical metal immensely profitable, London gold trader Andrew Maguire says. In his weekly interview with Kinesis Money's Shane Morand, Maguire says the contracts are being turned into physical delivery in London via the New York Commodities Exchanges "exchange for physicals" procedure, with the gold then sold onward in other markets at signifcantly higher prices. Maguire doesn't think this can continue for long. Comex prices for gold and silver have diverged so much from prices for "spot" purchases that the futures market no longer is reliable for hedging physical transactions, Maguire says. That is, he says, Comex prices don't represent the prices of actual metal.
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Post by Entendance on Jul 16, 2022 2:56:48 GMT -5
The West’s Desperate Takedown In The Gold Market Will Fail
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Post by Entendance on Jul 17, 2022 5:42:16 GMT -5
Italia: The debt-to-GDP ratio is over 150%. Italia is home to almost a quarter of all Eurozone debt!
•Denial is an assertion that something said, believed, alleged, etc., is false. •Cognitive dissonance is a condition of conflict or anxiety resulting from inconsistency between one’s beliefs and one’s actions. •Confirmation bias is a tendency for people to prefer information that confirms their preconceptions or hypotheses, independently of whether they are true.
All you need to know is here
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Post by Entendance on Jul 18, 2022 0:22:12 GMT -5
'...This “strong USD” plan has crippled just about every asset class but the USD, and only managed to lure a few foreign suckers into a tanking US market. So, Mr. Powell, you’re in a debt corner of your own (and Janet’s, Ben’s and Alan’s) making, and I’ll say what you won’t, namely: You want more not less inflation to get Uncle Sam out of debt in the same way every broke regime from Rome to Paris to Tokyo to DC has done and will do again — by inflating away their debt, crushing the (angry) man on the street and blaming the CPI on anyone but yourselves?'
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Post by Entendance on Jul 20, 2022 2:21:37 GMT -5
Banksters Cartel International LV 'This article has drawn together the various pieces of the investigation into JP Morgan’s precious metals manipulation in New York and London and Singapore, and the prosecutions and deferred prosecutions so far, as well as the ongoing trial of Nowak & Co, so as to then show that JP Morgan is still not only active in the precious metals markets in these financial centers, but actually still at the heart of the LBMA and the SBMA and the COMEX, where in all 3 cases it is welcomed with open arms. The latest revelations from the current Chicago federal trial of Michael Nowak, Gregg Smith and Jeffery Ruffo are startling...'
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Post by Entendance on Jul 23, 2022 0:43:49 GMT -5
'This week's Stansberry Research interview by Daniela Cambone of Mark Yaxley of bullion dealer Strategic Wealth Preservation is far more notable for what Cambone herself says than for anything said by Yaxley. Cambone notes that lately much news has been produced by the trial of former JPMorgan Chase gold and silver traders on federal charges of market rigging. Then she tells Yaxley: "Back in the day, you remember when we started in the industry, the talk of gold manipulation was really ... like, you couldn't talk about it. It was like an underground thing. You were seen as a conspiracy person if you did speak about it, and now it's really like it's almost out in the open. Yes, banks were spoofing the prices. Yes, gold and silver market manipulation was all around them and financial journalists heard about it but none of them dared to attempt actual journalism by investigating it.
So it would be even more interesting if someone interviewed Cambone herself to discover exactly who at Kitco News directed her not to discuss the issue in her many years of doing interviews there, and to discover who seems to have renewed those instructions to Kitco's current staff members. But Cambone also leaves a mistaken impression here. For while the gold and silver sector now may be fully aware of the longstanding rigging of its markets, the government policy behind that rigging, which goes far beyond the Morgan traders who have been convicted and those who are now on trial, still can't be addressed by mainstream financial news organizations and most monetary metals market analysts -- nor by nearly all gold and silver mining companies themselves. If Cambone really wants to make amends for her years of aiding gold and silver price suppression and the cheating of the investors who relied on her, she might consider interviewing a few of her bigshot friends in the industry about the extensive documentation of government gold price suppression policy, as compiled by GATA here reviewing the documents one by one and asking the bigshots what they think about them after their years of denial that anything improper was going on. Their squirming would be enlightening for investors, and fun to watch. Yaxley did make a couple of excellent points -- first, that because because of its comprehensive misconduct in the gold and silver markets, JPMorgan Chase should be kicked out of the industry worldwide, even though the bank is so dominant that it would be hard to replace; and second, that premiums on gold and silver coins are causing prices to be much higher than futures prices.'
'...why would the U.S. government have any incentive to suppress gold (and silver) prices.
This answer is easy. The price of gold, and to a lesser degree silver, is effectively a report card on the U.S. dollar, economy and government. If gold’s price is rising, people are less inclined to hold paper assets like stocks, bonds and U.S. dollars. If people don’t want to hold U.S. dollars, the federal government would be forced to pay a higher interest rate to finance its debt and liabilities. With the U.S. government owing around $30 trillion in debt, another $2 trillion in accounts payable and at least $100 trillion in the net present value of unfunded liabilities for Social Security, Medicare and related programs, an increase of just 1 percent in the interest rate paid by the U.S. government would add another $1.3 trillion to the annual budget deficit.
In effect, the U.S. government would incur the greatest financial losses of any entity – government, business, or personal – if the price of gold were to rise. So, there you have it...' Is Gold’s Price Manipulated?
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Post by Entendance on Jul 26, 2022 1:31:10 GMT -5
A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. Holter says it’s not just America buckling under enormous debt, but the entire world. Holter explains, “This is only the start. They are trying to debate whether or not we are in a recession, but it’s pretty much a lock. Yes, we are in a recession. And this is not just the U.S. This is a global problem...Let me put his into perspective. If you add up all the global GDP’s, we are roughly $100 trillion. The problem is there is well over $350 trillion in debt worldwide...When I graduated college...anything above 100% debt to GDP was considered a banana republic. Look where we are today. Globally, it’s 350% debt to GDP. What that tells me is the world is a banana republic.”
So, it’s no surprise big money is getting out of fiat currencies like the U.S. dollar. Less than a month ago, Holter, who is also a precious metals broker for Miles Franklin, brokered what looks like the biggest U.S. silver coin deal in history. Just the Silver Eagle portion of the deal was 650,000 coins, which was only part of the $50 million deal. Only $27 million of that could be bought in U.S. incremented silver coins. (The rest was used to buy gold U.S. coins.) Holter says that cleared out the wholesale market for U.S. silver coins, including so-called junk silver. Holter contends, “That shows you how thin it really is. By the way, a fair portion, 15% or so, was future deliveries from the mint. So, we basically cleaned up the next four to eight weeks of Silver Eagle deliveries. They belong to us, and we are still waiting for delivery from the mint...The client wanted U.S. coin. In the U.S., that is the best form of silver ownership. We did not touch bars, generics or foreign sovereigns. So, there is still much more out there to be bought, but how much? I think $1 billion would buy all the available silver in the U.S. Think about it. A billion dollars today is not even the mustard on a ham sandwich...Make no mistake, this deal was a big hit to the inventory . . . of U.S. silver coins...This paper Ponzi scheme is going to come down, and the best place to hide is gold and silver.” On housing, Holter says it has topped and predicts, “Now, there are no bids, and homeowners are lowering the price. It was a virtuous cycle to the upside. Now, it’s reversed, and it will be a virtuous cycle to hell on the downside. I say hell because there is so much debt outstanding, it will create margin calls across the board.” Holter is still predicting a Mad Max apocalyptic future that looks more and more like a real possibility. Holter says, “We have had free and carefree times for the last 40 years. Now, you are going to see the reverse. Debt is a two-edge sword, and after 40 years, we are going to see the dangerous side of the sword...There is going to be starvation. This is going to be unlike anything . . . anyone has even written about from a fictional basis... I’ll be surprised if we make it through this year with the real economy functioning as it is right now. Supply chains will break down...We will have some dire markets leading to ...market closures and bank closures.”
The Video:
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Current market forces collectively, historically, empirically and common-sensically point toward new highs for gold, whose bull market, which began to stretch its legs after the 2016 bottom of $1050, has yet to sprint ahead. Gold will sprint fast and higher north, even if it does not feel like it today...Not Even the USD Can Avoid Nature
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Post by Entendance on Jul 28, 2022 1:28:53 GMT -5
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Post by Entendance on Jul 29, 2022 8:50:01 GMT -5
After months of drifting lower, gold and silver staged a sharp rally this week...
"In the current global financial system, the international silver price is derived from trading of vast volumes of ‘paper silver’ that dwarf both physical silver exchange inventories and new physical silver supply. To understand what is real and tangible in the silver market, it is crucial then to grasp the difference between paper silver and physical silver, and how paper silver is traded in practically unlimited quantities, while physical silver is a scarce and valuable commodity that plays a role as both an investment precious metal and an industrial precious metal. In short, physical silver is a real tangible asset with intrinsic value, that has no counterparty risk and is difficult and costly to mine. Paper silver is not.
Paper silver is altogether different, comprising securities and derivatives spanning unallocated, synthetic, and fractionally-backed claims that do not provide any ownership of real physical silver. In this visually stunning new infographic from BullionStar, we show the silver market as it really is, and the huge differences between physical silver and paper silver. Topics covered include: • The enormity of paper silver trading compared to physical silver supply and silver inventories • The benefits of investing in physical silver vs the risks of investing in paper silver • The huge popularity and production since launch of silver coins such as the American Eagle and the Canadian Maple • How real physical silver is both an investment precious metal and an industrial precious metal • How silver is a monetary metal that has been used as real money throughout history"
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Post by Entendance on Jul 30, 2022 3:28:25 GMT -5
...With Peak Oil, we get Peak Gold. Why? Because the massive increase in global oil production has allowed an enormous increase in world gold production (and silver production). The World Gold Council just released their Q2 2022 Gold Demand Trends Report, including gold mine supply for the first half of the year. Let’s first look at Global Gold Production from 1H 2010 to 1H 2022... Place your bets wisely… I got mine in physical gold and silver bullion.
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Post by Entendance on Aug 2, 2022 1:40:58 GMT -5
You might think that parking your money in a big bank like JP Morgan Chase would insulate you from fraud. It’s just the opposite. The big banks are the biggest perpetrators of financial fraud – fraud that affects millions of us, either directly or indirectly, on an ongoing basis. While they are wrist slaps when properly scaled, you can see the list of 'settlements' made between the government and the big banks here. These 'settlements,' the aftermath of Wall Street's near production of a second Great Depression, entailed not a single criminal indictment. The top two repositories of banksters, based on the number of settlements, are Bank of America and JP Morgan Chase. The banks engage in fraud for two reasons. First, they profit from swindling the public. Second, they can get away with it via a simple technique. They buy off the regulators with promises of enormously lucrative jobs when they leave government service, and they buy off the politicians with huge direct and indirect campaign contributions. -Laurence Kotlikoff, When Banksters Buy Regulators and Prosecutors, Forbes, October 21, 2014 Banksters Cartel International
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Post by Entendance on Aug 5, 2022 7:11:40 GMT -5
Avoid futures, accumulate physical, TF Metals Report's Hemke tells 'Live from the Vault' TF Metals Report publisher Craig Hemke is London metals trader Andrew Maguire's guest this week on Kinesis Money's "Live from the Vault" program, urging gold and silver investors to avoid the futures market and stick to steady accumulation of physical metal. The futures markets are rigged by the bullion banks, Hemke notes, but he adds that he has never seen the metals markets as bullish as they are now, since the banks are longer than they have ever been and the speculators shorter.
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Post by Entendance on Aug 6, 2022 5:14:58 GMT -5
Lessons From Venezuela:
Gold is forever wealth. Empires come and go. Gold remains. (For the ones with small savings, even if it is only a few hundred dollars, take it out of the bank and buy some silver or gold bars or coins. One gramme of gold costs $57 + premium. One gramme of silver costs 64 cents and an ounce of silver costs $20 + premium. Many people can afford that and what today looks like small investments could save your life in a few years. € Paper Price of Gold per gram:
€ Paper Price of Silver per ounce:
Just ask the Venezuelans.)
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Post by Entendance on Aug 8, 2022 1:06:46 GMT -5
If outflows in the next 18 months match those of the past 18 months, the available physical inventory could approach zero
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Post by Entendance on Aug 10, 2022 1:36:04 GMT -5
According to its just-published statement of account for July, the Bank for International Settlements has nearly ended its gold swap business, which it has been operating since 2009. The July statement shows that the bank's gold swaps fell from 202 tonnes as of June 30 to just 56 tonnes as of July 29. Last July the bank's gold swaps stood at 502 tonnes, a decline of 89% for the year. The decline hastened substantially in February this year, possibly corresponding with the increasing compliance of bullion banks with "Basel III" regulations on collateral for the banks' obligations in gold. Once again it is evident that the BIS remains an active trader of significant volumes of gold swaps on a regular basis, and the latest data shows that the downward trend in the bank’s swaps is accelerating. If the current rate of decline is maintained, the BIS may be carrying no gold swaps at all by the end of the year, or even by the end of this month. But the BIS is unlikely to provide any explanation for its use of gold swaps... ...Despite this reticence the BIS is almost certainly acting on behalf of central banks in taking out these swaps, as they are the BIS' owners and control its Board of Directors.... ...This refusal to explain prompts some observers to believe that the BIS acts as an agent for central banks intervening surreptitiously in the gold and currency markets, providing those central banks with access to gold as well as protection from exposure of their interventions...
A U-turn on rate hikes would send gold price sky-high, says the Jupiter precious metals manager.
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Post by Entendance on Aug 11, 2022 2:41:01 GMT -5
Former J.P. Morgan Traders Convicted of Fraud, Attempted Price Manipulation, and Spoofing in a Multi-Year Market Manipulation SchemeA federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.
According to court documents and evidence presented at trial, Gregg Smith, 57, of Scarsdale, New York, was an executive director and trader on JPMorgan’s precious metals desk in New York. Michael Nowak, 47, of Montclair, New Jersey, was a managing director and ran JPMorgan’s global precious metals desk.
The evidence at trial showed that between approximately May 2008 and August 2016, the defendants, along with other traders on the JPMorgan precious metals desk, engaged in a widespread spoofing, market manipulation, and fraud scheme. The defendants placed orders that they intended to cancel before execution in order to drive prices on orders they intended to execute on the opposite side of the market. The defendants engaged in thousands of deceptive trading sequences for gold, silver, platinum, and palladium futures contracts traded through the New York Mercantile Exchange Inc. (NYMEX) and Commodity Exchange Inc. (COMEX), which are commodities exchanges operated by CME Group Inc. These deceptive orders were intended to inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets.
“Today’s jury verdict demonstrates that those who seek to manipulate our public financial markets will be held accountable and brought to justice,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “With this verdict, the Department has secured convictions of ten former traders at Wall Street financial institutions, including JPMorgan, Bank of America/Merrill Lynch, Deutsche Bank, The Bank of Nova Scotia, and Morgan Stanley. These convictions underscore the Department’s commitment to prosecuting those who undermine the investing public’s trust in the integrity of our commodities markets.”
“For years the defendants allegedly placed thousands of false orders for precious metals, creating a ruse that lured others into making disadvantageous trades” said Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division. “Today’s conviction demonstrates that no matter how complex or long-running a scheme is, the FBI is committed to bringing those involved in crimes like this to justice.”
Following a three-week trial, Smith was convicted of one count of attempted price manipulation, one count of spoofing, one count of commodities fraud, and eight counts of wire fraud affecting a financial institution. Nowak was convicted of one count of attempted price manipulation, one count of spoofing, one count of commodities fraud, and 10 counts of wire fraud affecting a financial institution. Sentencing dates have not yet been set.
Two other former JPMorgan precious metals traders, John Edmonds and Christian Trunz, were previously convicted in related cases. In October 2018, Edmonds pleaded guilty in the District of Connecticut to one count of commodities fraud and one count of conspiracy to commit wire fraud, commodities fraud, price manipulation, and spoofing. In August 2019, Trunz pleaded guilty in the Eastern District of New York to one count of conspiracy to engage in spoofing and one count of spoofing. Edmonds and Trunz are awaiting sentencing.
In September 2020, JPMorgan admitted to committing wire fraud in connection with: (1) unlawful trading in the markets for precious metals futures contracts; and (2) unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds. JPMorgan entered into a three-year deferred prosecution agreement through which it paid more than $920 million in a criminal monetary penalty, criminal disgorgement, and victim compensation, with parallel resolutions by the Commodity Futures Trading Commission and the Securities Exchange Commission announced on the same day.
The FBI’s New York Field Office investigated the case. The Commodity Futures Trading Commission’s Division of Enforcement provided assistance in this matter.
Market Integrity & Major Frauds Unit Chief Avi Perry and Trial Attorneys Matthew Sullivan, Lucy Jennings, and Christopher Fenton of the Criminal Division’s Fraud Section are prosecuting the case.
Individuals who believe that they may be a victim in this case should visit the Fraud Section’s Victim Witness website at www.justice.gov/criminal-fraud/victim-witness-program for more information.
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Post by Entendance on Aug 12, 2022 12:56:57 GMT -5
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Post by Entendance on Aug 13, 2022 7:18:03 GMT -5
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Post by Entendance on Aug 17, 2022 10:35:37 GMT -5
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Post by Entendance on Aug 21, 2022 3:17:50 GMT -5
Precious metals expert and financial writer Bill Holter says, “nothing is getting better” and points out the proof is everywhere that we are clearly headed for a financial calamity, the likes of which we have never seen before. Holter, who is also a precious metals broker, is seeing a big pick-up in business because big money is looking for a place to hide in the physical world. Holter explains, “We are getting more orders and larger orders.
I think this is natural because I think people know something is wrong, and when something is wrong, you want to get defensive. I think people are finally making the connection the world is in the process of bankrupting, and you want your capital in something that cannot bankrupt. By definition, that is gold and silver...”
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Post by Entendance on Aug 23, 2022 2:27:47 GMT -5
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Post by Entendance on Aug 27, 2022 5:14:22 GMT -5
Russia Will No Longer Depend on West
Russia redirects gold exports to China with 30% discount
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Post by Entendance on Aug 29, 2022 9:52:47 GMT -5
For the fourth time in six years, SD Bullion has hit Inc. Magazine's list of fastest growing companies in the United States. This year, our tenth year in business, we have the honor of being listed the 1,811 fastest growing company. To celebrate this achievement, we are throwing a very aggressive Inc. 5000 Celebration Sale. As part of this celebration sale, we'll be giving away a 1/10th oz silver round to the first 1,811 customers that take advantage of the sale. “It’s an honor to be listed on this prestigious list of companies for the fourth time. To grow at this rate during the pandemic says a lot about the direction of our company and the commitment of our employees. We have been very fortunate to hire and retain great talent,” explains founder and CEO Dr. Tyler Wall. “Our new facility will allow us to continue to expand operations and service our customers with the fastest shipping times in the industry. We couldn’t be more excited about the future.”
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Post by Entendance on Sept 1, 2022 3:48:57 GMT -5
IT'S THEM OR US. TERTIUM NON DATUR.
Buying paper silver/paper gold equates to nothing else than supporting the bullion banks and elite controlling and taking advantage of these fraudulent markets. Only buying Physical Silver & Physical Gold can put this corrupt system to an end.
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Post by Entendance on Sept 3, 2022 3:59:58 GMT -5
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Post by Entendance on Sept 7, 2022 2:28:37 GMT -5
The disruption of global supply chains is seen to be a temporary problem yet to be resolved, but there are good reasons to believe it is now permanent. Following the end of the cold war against China and the foundation of a new peaceful era, American and other manufacturers began to expand their production facilities into China and Southeast Asia. It was the beginning of what became a trade system based on global supply chains, increasingly sophisticated logistics, and just-in-time inventory management. Souring trade relations between America and China, covid, and the disruption to international logistics pits them into an undeclared conflict. The trade environment is now against a background of an increasingly belligerent geopolitical struggle, involving both China and Russia on one side, and America and its allies on another. In the absence of détente, which now seems a distant prospect, the system of global supply chains can operate no longer. They must become re-established within national borders. The consequences are long-term product supply disruption, higher consumer prices, and soaring energy prices already evidenced in Europe. Coming on top of a new trend of rising interest rates and contracting bank credit, it has the makings of an economic crisis for the West, to which governments are bound to respond by creating an inflationary storm. This article analyses these new war-time trade conditions in the geopolitical context and examines the likely consequences...
Wealth confiscation is happening right now through inflation. Countries around the world are moving away from the U.S. dollar at an accelerating pace. People are increasingly concerned also about the safety of their money in the bank. "The banks are undercapitalized, and they're over leveraged," says Andy Schectman, CEO & president of Miles Franklin Precious Metal Investments. It wouldn't take too many people pulling their currency out to cause serious problems to the banking industry, he says...
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