US Prosecutors Violating International Law – As Always!

The USA is once again abusing international law. It is a rare event when I find that I actually have to agree with the head of Turkey about anything, but Recep Tayyip Erdogan is absolutely correct. The prosecution of the Turkish Gold Trader Reza Zarrab.
Mr. Zarrab’s lawyers had asked the judge, Richard M. Berman of Federal District Court, to dismiss the indictment, calling the government’s case ‘unprecedented’ and ‘a prosecutorial overreach of the first order.’ This classification is absolutely correct. Judge Berman rejected the defense arguments claiming the indictment was proper. Judge Berman is just another bought and paid-for Judge in New York who just cannot bring himself to ever rule against the government. He wrote: ‘The dismissal of an indictment is an ‘extraordinary remedy’ reserved only for extremely limited circumstances implicating fundamental rights.’

This post was published at Armstrong Economics on Nov 26, 2017.


NOV 24 A/GOLD FALLS $4.00 DOWN TO $1288.40//SILVER FALLS 8 CENTS DOWN TO $17.05/GOLD COMEX OI RISES BY 7600 CONTRACTS AND THEN THE CME REPORTS A MASSIVE 1297 EFP;S FOR A HUGE GAIN IN TOTAL OI DEM…

GOLD: $1288.40 DOWN $4.00
Silver: $17.05 DOWN 8 cents
Closing access prices:
Gold $1288.50
silver: $17.03
SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
SHANGHAI FIRST GOLD FIX: $1299.04 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1292.20
PREMIUM FIRST FIX: $6.84
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SECOND SHANGHAI GOLD FIX: $1299.04
NY GOLD PRICE AT THE EXACT SAME TIME: $1290.90
Premium of Shanghai 2nd fix/NY:$8.14
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LONDON FIRST GOLD FIX: 5:30 am est $1289.15
NY PRICING AT THE EXACT SAME TIME: $1289605

This post was published at Harvey Organ Blog on November 24, 2017.



EXAMINING SILVER MANIPULATION: What Some Analysts Miss

One of the major topics discussed in the precious metals community is the manipulation of the gold and silver prices by the large bullion banks. Many precious metals analysts point to the massive commercial short positions held by JP Morgan and Scotiabank as the root cause for the low silver price. While I agree that the bullion banks’ massive short contracts are controlling the silver price to a certain degree, there’s another factor that is overlooked by the majority of precious metals analysts.
According to Ed Steers’ recent article titled, JPMorgan’s Silver Short Position Now At 195 Million Ounces, he stated the following:
For the current reporting week, the Big 4 are short 148 days of world silver production-and the ‘5 through 8’ large traders are short an additional 62 days of world silver production-for a total of 210 days, which is seven months of world silver production, or about 510.3 million troy ounces of paper silver held short by the Big 8. [In the COT Report last week, the Big 8 were short 203 days of world silver production.]

This post was published at SRSrocco Report on NOVEMBER 25, 2017.


Stocks and Precious Metals Charts – Precious Metals Option Expiry Next Week – Nocturne

“And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God? That they are not to be violated but with his wrath? Indeed I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever.”
Thomas Jefferson, Notes on the State of Virginia
“We all want progress. But progress means getting nearer to the place where you want to be. And if you have taken a wrong turning, then to go forward does not get you any nearer. If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case the man who turns back soonest is the most progressive man.’
C. S. Lewis, Mere Christianity
And this is why the mainstream Democrats are largely unsuccessful, and functionally useless. They only wish to continue, with an excess of verbal misdirection, the abysmally ineffective and often downright damaging fiscal policies that have been taking the Western World in the wrong direction since the 1980s.
There will be a Dec Futures option expiration on the Comex for the precious metals on Monday 27 November. December is a significant month for both metals.

This post was published at Jesses Crossroads Cafe on 24 NOVEMBER 2017.


The Key to Profitably Ending Precious Metals Price Suppression And Other Markets Manipulation!

Here we Reveal the heretofore unacknowledged Necessary (but not entirely sufficient) Condition for Profitably (to Investors) ending Precious Metals Price Suppression and other Markets Manipulation.
Even some of the Mainstream Media have now finally acknowledged that the private, for-profit, Federal Reserve-led Globalist Mega Bank Cartel* (Note 1) has long been Involved in suppressing Precious Metals Prices. And recently evidence has appeared that the Central Bankers Bank, the Bank for International Settlements, is involved in Precious Metals Price Suppression as well.
The Mega-Bank Cartel’s profit- and control-driven Goals: Keeping Investors ‘in’ their Fiat Currencies and Treasury Securities, and thus facilitating the Manipulation of Precious Metals, Equities and other Markets (Cartel Note 1). The Gold Anti-Trust Action Committee has exhaustively documented The Cartel’s Activities (gata.org).
For example, Cartel cooperation likely explains why even the Swiss National Bank has bought over $100 Billion in Equities! Including over a $Billion in Apple Stock – clearly aimed at supporting the Equities Market.
Clearly, the Globalist (as opposed to Internationalist – a very Important Distinction) Mega-Bankers see Market Interventions, including especially suppressing Gold and Silver Prices, as essential to Maintaining and enhancing their Power and Profits.
Collectively, The Globalists and their Allies and Puppets are The Deep State.
And many Governments cooperate with the Globalists (and/or are their Puppets) by, for example, publishing Bogus Statistics, i.e., Political Numbers. In the U. S. A., for example, the Bogus BLS Statistics are revealed and corrected by Shadowstats.com. (See Note 2 for Real Numbers for Inflation, Unemployment etc. in the U. S. A.) The U. S. A. is not alone in the Bogus Statistics publication Department. There is evidence that China and The European Central Bank and Bank of Japan are in the Political Numbers ‘Club’ as well.

This post was published at GoldSeek on Friday, 24 November 2017.


Bitcoin Facts

A Useful Infographic
When we last wrote more extensively about Bitcoin (see Parabolic Coin – evidently, it has become a lot more ‘parabolic’ since then), we said we would soon return to the subject of Bitcoin and monetary theory in these pages. This long planned article was delayed for a number of reasons, one of which was that we realized that Keith Weiner’s series on the topic would give us a good opportunity to address some of the objections to Bitcoin’s fitness as a medium of exchange voiced by critics (we have kept the final three parts of Keith’s discussion in abeyance as well, we intend to publish these concurrently).

BTC was easily the best investment asset of 2017 (we may have overlooked some other ‘alt coins’, but in terms of market cap only the 6 – 10 largest cryptocurrencies look like serious contenders in this market). We should probably write more often about it, then you would e.g. have learned that we thought BCH (the post-fork younger brother of BTC) was likely to play catch-up at some point. We actually believe this particular valuation gap is likely to narrow further, and the same may well happen with DASH, another cryptocurrency with quite similar features (both BCH and DASH are lacking some of the legacy technical drawbacks of BTC). As an aside, we always had a certain minimum target for the coming gold bubble in mind which we never mentioned in public, because we felt it sounded silly. Usually we just recommend that people use their imagination, in the hope that their imagination is big enough. By now it probably sounds a lot less silly – we will revisit this topic once gold has overcome certain technical hurdles.

This post was published at Acting-Man on November 25, 2017.


The Fed Gets Spooked By the Monster It Created

The Federal Reserve released the minutes from its most recent FOMC meeting on Wednesday and it appears the monster they created has finally spooked the central bankers.
The Fed was pretty optimistic about the prospects for continued economic growth, but expressed concern that financial markets might be getting out of hand.
In light of elevated asset valuations and low financial market volatility, several participants expressed concerns about a potential buildup of financial imbalances,’ the minutes said. ‘They worried that a sharp reversal in asset prices could have damaging effects on the economy.’
The central bankers at the Fed aren’t the only ones worried about the ballooning stock market bubble, although they don’t call it that. Last week, a Bank of America analyst called overvalued equities combined with simultaneously falling cash positions ‘an indicator of irrational exuberance.’

This post was published at Schiffgold on NOVEMBER 24, 2017.


Silver Miners’ Q3’17 Fundamentals

The silver miners’ stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. These are generally due by 45 days after quarter-ends in the US and Canada. They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment. There’s no silver-miner data that is more highly anticipated than quarterlies.
Silver mining is a tough business both geologically and economically. Primary silver deposits, those with enough silver to generate over half their revenues when mined, are quite rare. Most of the world’s silver ore formed alongside base metals or gold, and their value usually well outweighs silver’s. So typically in any given year, less than a third of the global mined silver supply actually comes from primary silver mines!
The world authority on silver supply-and-demand fundamentals is the Silver Institute. Back in mid-May it released its latest annual World Silver Survey, which covered 2016. Last year only 30% of silver mined came from primary silver mines, a slight increase. The remaining 70% of silver produced was simply a byproduct. 35% of the total mined supply came from lead/zinc mines, 23% from copper, and 12% from gold.

This post was published at ZEAL LLC on November 24, 2017.