AI
Monday, March 12, 2018 11:09:00 PM
Second Hand Data & News Again
Good Morning Ladies and Gentlemen
MMgys
~Welcome To :
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Always a Pleasure To Have You with Us
MMgys
OK Here We Go >>>>>>>>>>>>>>>>>>
Onwards to the data>>>>>>>>>>>>>>>>>>>>>>>>>
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
MARCH 12/GOLD REBOUNDS AGAIN AND DOWN ONLY $3.00 TO $1320.40/IN ACCESS MARKET IT CLOSES ABOVE $1323.00/SILVER IS DOWN ONLY 8 CENTS TO $16.32/ IN ACCESS MARKET SILVER ABOVE $16.55/ ABE GOVERNMENT IN JAPAN MAY BE IN TROUBLE AS THE “KINDERGARTEN” SCANDAL RESURFACES/THERESA MAY FINDS RUSSIA RESPONSIBLE FOR THE POISONING OF 21 PEOPLE , INCLUDING THE TWO PRINCIPAL VICTIMS/IN THE USA, A HUGE FEB DEFICIT OF 215 BILLION DOLLARS DUE TO LACK OF RECEIPTS AND HIGHER OUTLAYS INCLUDING INTEREST ON THE BURGEONING DEBT/MORE SWAMP STORIES/
March 12, 2018 · by harveyorgan · in Uncat
GOLD: $1320.40 DOWN $3.00
Silver: $16.52 DOWN 8 CENTS
Closing access prices:
Gold $1323.20
silver: $16.53
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: $1329.15 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1322.90
PREMIUM FIRST FIX: $6.20
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1331.10
NY GOLD PRICE AT THE EXACT SAME TIME: $1322.40
PREMIUM SECOND FIX /NY:$8.70
SHANGHAI REJECTS NY PRICING OF GOLD.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1317.23
NY PRICING AT THE EXACT SAME TIME: $1320.50 ??
LONDON SECOND GOLD FIX 10 AM: $1319.15
NY PRICING AT THE EXACT SAME TIME. $1317.60???
For comex gold:
MARCH/
NUMBER OF NOTICES FILED TODAY FOR MARCH CONTRACT: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR:4 FOR 400 OZ
For silver:
MARCH
101 NOTICE(S) FILED TODAY FOR
505,000 OZ/
Total number of notices filed so far this month: 4828 for 24,140,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $9772/OFFER $9,842: UP $826(morning)
Bitcoin: BID/ $8795/offer $8867: DOWN $149 (CLOSING/5 PM)
end
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE BY A TINY SIZED 436 contracts from 196,520 RISING TO 196,956 DESPITE FRIDAY’S STRONG 21 CENT RISE IN SILVER PRICING. WE OBVIOUSLY HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 1107 EFP’S FOR MAY AND ZERO FOR ALL OTHER MONTHS AND THUS TOTAL ISSUANCE OF 1107 CONTRACTS. WITH THE TRANSFER OF 1107 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 1107 CONTRACTS TRANSLATES INTO 5.535 MILLION OZ WITH THE RISE IN OPEN INTEREST IN SILVER AT THE COMEX.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:
19,463 CONTRACTS (FOR 8 TRADING DAYS TOTAL 19,463 CONTRACTS OR 97.315 MILLION OZ: AVERAGE PER DAY: 2432 CONTRACTS OR 12.160 MILLION OZ/DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 97.315 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 13.90% OF ANNUAL GLOBAL PRODUCTION
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S: 589.79 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR MONTH OF FEBRUARY: 244.945 MILLION OZ
RESULT: WE HAD A SMALL SIZED GAIN IN COMEX OI SILVER COMEX OF 436 DESPITE THE STRONG 21 CENT RISE IN SILVER PRICE. WE ALSO HAD A GOOD SIZED EFP ISSUANCE OF 1107 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 1107 EFP’S FOR THE MONTH OF MAY WERE ISSUED FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE GAINED 1543 OI CONTRACTS i.e. 1107 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 436 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER OF 21 CENTS AND A CLOSING PRICE OF $16.70 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.
In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.984 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 101 NOTICE(S) FOR 505,000 OZ OF SILVER
In gold, the open interest FELL BY A FAIR SIZED 1618 CONTRACTS DOWN TO 495,769 DESPITE THE STRONG REBOUND IN PRICE ON FRIDAY YESTERDAY ( GAIN OF$2.25) HOWEVER FOR TODAY, THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED AN GOOD SIZED 6847 CONTRACTS THE ISSUANCE OF, APRIL SAW THE ISSUANCE OF 6847 CONTRACTS , JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 497,187. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI TOGETHER WITH THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A GOOD OI GAIN IN CONTRACTS: 1618 OI CONTRACTS DECREASED AT THE COMEX AND A GOOD SIZED 6847 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS TOTAL OI GAIN: 5229 CONTRACTS OR 522,900 OZ =16.26 TONNES
FRIDAY, WE HAD 7106 EFP’S ISSUED.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 75,643 CONTRACTS OR 7,564,300 OZ OR 235.28 TONNES (8 TRADING DAYS AND THUS AVERAGING: 9455 EFP CONTRACTS PER TRADING DAY OR 945,500 OZ/ TRADING DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 8 TRADING DAYS IN TONNES: 235.28 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 235.28/2550 x 100% TONNES = 9.21% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH ALONE.
ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE: 1485,62 TONNES
ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22 TONNES
ACCUMULATION OF GOLD EFP’S FOR FEBRUARY: 649.45 TONNES
Result: A FAIR SIZED DECREASE IN OI AT THE COMEX WITH THE STRONG REBOUND IN PRICE IN GOLD TRADING FRIDAY ($2.25 ULTIMATE GAIN). HOWEVER, WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6847 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 6847 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 5229 contracts ON THE TWO EXCHANGES:
6874 CONTRACTS MOVE TO LONDON AND 1618 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 16.26 TONNES).
we had: 0 notice(s) filed upon for nil oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD
WITH GOLD DOWN $3.00 : NO CHANGES IN GOLD INVENTORY AT THE GLD /
Inventory rests tonight: 833.73 tonnes.
SLV/
WITH SILVER DOWN 8 CENTS TODAY:
A BIG CHANGES IN SILVER INVENTORY AT THE SLV/ A DEPOSIT OF 943,000 O
/INVENTORY RESTS AT 319.012 MILLION OZ/
end
Hugo Salinas Price: Without trade deficits, U.S. dollar can’t be world reserve currency (Plata.com.mx)
Reuters exclusive: Five banks open up trillion-dollar gold club (Reuters.com)
Trump’s Historic Bet on Kim Summit Shatters Decades of Orthodoxy (Bloomberg.com)
ECB Assumes Final QE Push Totaling 30 Billion Euros (Bloomberg.com)
Hungarian National Bank Decides to Bring Gold Reserves Back Home (HungaryToday.hu)
Gold Prices (LBMA AM)
09 Mar: USD 1,319.35, GBP 955.21 & EUR 1,072.50 per ounce
08 Mar: USD 1,325.40, GBP 955.08 & EUR 1,070.39 per ounce
07 Mar: USD 1,332.50, GBP 960.07 & EUR 1,071.86 per ounce
06 Mar: USD 1,324.95, GBP 957.01 & EUR 1,074.00 per ounce
05 Mar: USD 1,326.30, GBP 958.78 & EUR 1,075.63 per ounce
02 Mar: USD 1,316.75, GBP 955.70 & EUR 1,071.04 per ounce
01 Mar: USD 1,311.25, GBP 953.80 & EUR 1,075.75 per ounce
Silver Prices (LBMA)
09 Mar: USD 16.49, GBP 11.92 & EUR 13.40 per ounce
08 Mar: USD 16.48, GBP 11.89 & EUR 13.31 per ounce
07 Mar: USD 16.65, GBP 12.01 & EUR 13.42 per ounce
06 Mar: USD 16.62, GBP 11.96 & EUR 13.41 per ounce
05 Mar: USD 16.51, GBP 11.95 & EUR 13.42 per ounce
02 Mar: USD 16.45, GBP 11.92 & EUR 13.36 per ounce
01 Mar: USD 16.32, GBP 11.87 & EUR 13.39 per ounce
Recent Market Updates
– London Property Sees Brave Bet By Norway As Foxtons Profits Plunge
– Gold Does Not Fear Interest Rate Hikes
– RaboDirect Closing – Gold May Protect From Irish Banks Going “Belly Up Again” – Finuncane
– Silver bullion will likely outperform gold bullion going forward
– Gold $10,000? Goldnomics Podcast Quotations and Transcript
– Trump Risks Trade and Currency Wars – Protectionism and Economic War Loom
– Four Key Themes To Drive Gold Prices In 2018 – World Gold Council
– Is The Gold Price Going To $10,000? (Goldnomics Podcast 3)
– Gold Corridor From Dubai to China Sought By China
– Digital Gold Provide the Benefits Of Physical Gold?
– Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning
– Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
– Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
Alabama becomes the 37th state to exempt sales tax on gold and silver bullion as well as coins
(courtesy GATA>Numismatic News.Iola Wisconsin)
Alabama exempts gold and silver bullion and coins from sales tax
Submitted by cpowell on Sat, 2018-03-10 15:15. Section: Daily Dispatches
ICTA Wins Another One for Coin Buyers
By Dave Harper
Numismatic News, Iola, Wisconsin
Thursday, March 8, 2018
The Industry Council for Tangible Assets has notched another sales tax win.
Congratulations.
Alabama becomes the 37th state to exempt sales of gold, silver, platinum, and palladium bullion and money, ICTA’s David Crenshaw reports.
Numismatic commerce can blossom thanks to Gov. Kay Ivey. She signed into law Senate Bill 156 on March 6 to create a sales and use tax exemption on U.S. coins and currency and precious metals bullion sales.
Of course she isn’t the only one who deserves the high praise of collectors.
“The bill’s author, Sen. Tim Melson, along with its House sponsor, Rep. Ron Johnson, championed the bill through the legislature,” said Phil Darby (J&P Coins and Currency in Helena).
“Alabama coin businesses and collectors owe them a debt of gratitude,” Darby said. …
… For the remainder of the report:
http://www.numismaticnews.net/buzz/icta-wins-another-one-coin-buyers
END
Ralph Benko explains beautifully by the USA had continual trade deficits in order to maintain its status as the world’s reserve currency. The USA exported paper dollars which cost them a few pennies and got real goods for that paper money but this occurred with a curse..the USA manufacturers were decimated. Now Trump is attempting to stop this..
a good read//
(Ralph Benko/GATA)
Ralph Benko: Trade deficits are the price of issuing the world reserve currency
Submitted by cpowell on Mon, 2018-03-12 00:30. Section: Daily Dispatches
8:30p ET Sunday, March 11, 2018
Dear Friend of GATA and Gold:
Financial writer and gold standard advocate Ralph Benko this week joined those explaining that huge trade deficits are inevitable for any country that enjoys the “exorbitant privilege” of issuing the world reserve currency.
Benko writes:
“World War II — in which my heroic father Max Benko fought along with millions of others — left America relatively unscathed. After V-Day our allies and our vanquished enemies’ economies lay in shambles. We could (and did) give ourselves a treat while extending an invisible helping hand — one much greater than the Marshall Plan — to war-torn Europe and Japan.
“How? After World War II, the world, led by America, entered into an arrangement called Bretton Woods. This made the U.S. dollar the world’s ‘reserve currency.’
“In practice, Bretton Woods meant that Americans could consume more than we produce — an exorbitant privilege — by exporting dollars rather than goods. How, exactly, did that work? ….
“As American economist Barry Eichengreen summarized: ‘It costs only a few cents for the Bureau of Engraving and Printing to produce a hundred-dollar bill, but other countries had to pony up $100 of actual goods in order to obtain one.’
“That privilege, which made great sense during the period immediately after World War II, became a curse.
“How did our ‘exorbitant privilege’ transform into a curse? By inequitably prejudicing our manufacturers.
“The key element — the reserve currency status of the dollar — of the Bretton Woods ‘Calvinball’ monetary treaty remains in place. Time to end that … as Donald Trump seems to almost preternaturally intuit.”
Benko’s commentary is headlined “Exit Gary Cohn. Enter Lewis Lehrman, Steve Forbes, or Larry Kudlow?” and it’s posted at Forbes here:
https://www.forbes.com/sites/ralphbenko/2018/03/09/exit-gary-cohn-enter-…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee
CPowell@GATA.org
end
The OPEC Deal Could Fall Apart In June
Authored by Irina Slav via OilPrice.com,
OPEC’s oil production cut agreement could start falling apart soon, as Saudi Arabia and Iran once again face off. This time, however, the spat is over determining what the best price level is for the commodity. That’s what Iran’s Oil Minister Bijan Zanganeh told the Wall Street Journal in an interview.
The split, apparently, stems from Saudi Arabia’s insistence that crude oil should be kept closer to US$70 a barrel – a level Brent touched briefly early this year – and Iran’s equal insistence that US$60 is a better place for oil to trade at.
This disagreement could see the cartel start unwinding the cuts as early as June, when it will meet with its partners to discuss progress and next steps. Zanganeh’s explanation of the Iranian stance is anything but a surprise: “If the price jumps [to] around $70 … it will motivate more production in shale oil in the United States,” he told the WSJ.
Zanganeh is not wrong, but the problem is that U.S. drillers have demonstrated that they could pump more at US$60 a barrel, too, so bringing prices closer to that level is not a guaranteed way to stymie U.S. oil production growth.
Production has been growing steadily, last week hitting 10.3
million bpd.
The oil production in the United States is not the only problem. The bigger problem is soaring U.S. exports that are eating away the market share of OPEC members. This could be the last drop to swing OPEC in Iran’s favor.
Bloomberg quoted an ING analyst yesterday as saying that crude could fall below US$60 a barrel because of rising U.S. exports to Asia, a key market for every producer. The OPEC deal is under threat, ING commodities strategist said, because U.S. crude supplies are displacing OPEC’s. “The longer the deal goes on, it’s going to start falling apart. They continue to give market share away to the U.S.”
end
Chinese Space Station May Crash Into Michigan In Three Weeks
Mon, 03/12/2018 - 19:05
An out-of-control Chinese space station full of "highly toxic" chemicals may crash into lower Michigan, reports Aerospace.org, which has predicted an April 3 reentry with a margin of error of one week before and after. While the list of possible targets include locations in Northern China, South America, Southern Africa, Northern Spain and the United States. Lower Michigan in particular is among the regions with the highest probability of a direct hit.
The 8.5-ton Tiangong-1 had previously been expected to come crashing down to Earth sometime in March, while the European Space Agency's Space Debris Office in Darmstadt, Germany, thinks the window for reentry is between March 24 and April 19. That said, most of it will burn up upon re-entry, leaving between 10 and 40 percent of the satellite expected to survive as debris.
"There is a chance that a small amount of Tiangong-1 debris may survive reentry and impact the ground," Aerospace reports. "Should this happen, any surviving debris would fall within a region that is a few hundred kilometers in size and centered along a point on the Earth that the station passes over."
In January, Harvard astrophysicist Jonathan McDowell said that it's impossible to predict where the station will hit. “You really can’t steer these things," McDowell said, adding "Even a couple of days before it reenters we probably won’t know better than six or seven hours, plus or minus, when it’s going to come down.
McDowell said Tiangong-1’s descent had been speeding up in recent months and it was now falling by about 6km a week, compared with 1.5km in October. It was difficult to predict when the module might land because its speed was affected by the constantly changing “weather” in space, he said.
“It is only in the final week or so that we are going to be able to start speaking about it with more confidence,” he said.
“I would guess that a few pieces will survive re-entry. But we will only know where they are going to land after the fact.” -The Guardian
According to a FAQ on the Tiangong-1, the actual impact of the space station might not even be the most dangerous aspect of the reentry. Potentially hazardous materials including hydrazine, a highly toxic chemical used in rocket fuel, might survive re-entry. If humans or animals come into contact with large quantities of the substance, it can cause serious liver, kidney and central nervous system damage.
As we previously reported, the Tiangong-1 was the first space station built and launched by China - equipped with two sleep stations and a habitable volume of 15 cubic meters (529 sq ft.).
Weighing in at 18,750 lbs, the two-module spacecraft - which means "Heavenly Palace," lost contact with China's space agency on March 21, 2016 after the completion of its extended mission, which included a six year service life that saw two manned missions to perform experiments for the larger multiple-module Tiangong station.
The first mission - Shenzhou 9, was a 13-day sojourn launched June 15, 2012 with three astronauts - including China's first female astronaut, Liu Yang. The mission completed two dockings - one computer controlled, and one crew-guided.
China's second mission, the Shenzhou 10, launched June 11, 2013 with three astronauts as well.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Tonights featured news reads on MiningWatch Canada
News Release
Guatemalan Constitutional Court Keeps Tahoe Resources Operations Suspended, Orders Presentation of Further Documentation
09.03.2018
News Release
Citizens, Quebec Municipality Denounce $96 Million Suite by Canada Carbon
05.03.2018
MiningWatch in the News
Canada mining murder in Mexico
05.03.2018
News Release
Pebble Mine Investment Risk Warning: New Report Examines Hunter Dickinson Track Record
28.02.2018
News Release
What do the mining watchdogs see?
27.02.2018
News Release
Asbestos Is The Biggest Killer Of Quebec Workers: Urgent Appeal to Political Leaders To Take Action
20.02.2018
Friends of MiningWatch
Eabametoong First Nation Forced to Head to Court to Protect Homelands from Mining in Ontario
07.02.2018
News Release
Mexican Delegation Questions Role of Canadian Embassy in Complaint to Integrity Commissioner
06.02.2018
News Release
Campaign Financing and the Ontario Mining Industry’s Political Influence
02.02.2018
News Release
BC's Recent Crown Decision: How Can the Worst Mining Waste Disaster in Canadian History Not Have Legal Consequences?
01.02.2018
News Release
Mining Giant Rio Tinto’s Tax Haven Scheme Costs Canada and Mongolia Nearly $700 Million in Lost Tax Revenue
31.01.2018
Friends of MiningWatch
Golden promises and unpaid bills: The case of Oyu Tolgoi and profitable tax avoidance by Rio Tinto in Mongolia
31.01.2018
MiningWatch in the News
The Canadian company behind this Mongolian mine has avoided half a billion dollars in taxes, report alleges
31.01.2018
MiningWatch in the News
A small town in Quebec could power the next wave of electric cars
30.01.2018
News Release
Environmental Experts Lay Out Expectations for Federal Environmental Assessment Bill
25.01.2018
News Release
Arcelor Mittal's Mont Wright Expansion Project: Five Recommendations from Quebec Meilleure Mine
24.01.2018
News Release
Long-Fought-For Ombudsperson Announced to Investigate International Complaints against Canadian Mining Companies
17.01.2018
News Release
At Last, Communities Affected by Canadian Corporations Overseas Will Be Heard: Government Creates Human Rights Watchdog
17.01.2018
News Release
What Green Economy? New OECD Report Finds Canada Worst of G7 on Recycling, Minerals Efficiency
19.12.2017
News Release
B.C. Rejects Ajax Mine – Groups Urge Governments to Learn Lessons and Change Laws
Read them all here https://miningwatch.ca/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SRSrocco On The Staggering Amount Of Gold Exported From The U.S. Since The Turn Of The Century
March 12, 2018 2 358
“When the U.S. Dollar finally loses its world reserve status, Americans are going to wish that they held onto their gold instead of sending it overseas…”
https://www.silverdoctors.com/gold/gold-news/on-the-staggering-amount-of-gold-exported-from-the-u-s-since-the-turn-of-the-century/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The ‘Dumb Money’ Is Helping The ‘Smart Money’ Exit The Stock Market Before It Crashes
March 12, 2018 1 230
After a euphoric rally in a market preparing to crash, all the Joe Sixpacks, mom, pop and family dogs opened trading accounts. Here’s how it ends…
https://www.silverdoctors.com/headlines/world-news/dumb-money-is-helping-the-smart-money-exit-the-stock-market/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Top Ten Videos — March 9
March 9, 2018 21 Comments
Two bonus videos this time. Chris Martenson on how the system “nearly fell apart last Month.” David Stockman on Deep State propaganda. Jordan Roy-Byrne on gold’s big upcoming move. Rick Rule’s “one piece of advice for investors.” Emigrate While You Still […]
https://dollarcollapse.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Pics of the Day
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Primacy of Conscience
"All my life I have been fighting against the spirit of narrowness and violence, arrogance, intolerance in its absolute, merciless consistency. I have also worked to overcome this spirit with its evil consequences, such as nationalism in excess, racial persecution, and materialism. In regards to this, the National Socialists are correct in killing me.
I have striven to make its consequences milder for its victims and to prepare the way for a change. In that, my conscience drove me – and in the end, that is a man's duty."
Helmuth James Graf von Moltke, Executed in Plötzensee Prison on 23 January 1945
"Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act."
Dietrich Bonhoeffer, Executed in Flossenbürg Camp on 9 April 1945
As journalist activist Carl von Ossietzky put it, 'we cannot hope to affect the conscience of the world when our own conscience is asleep.'
Heroic virtue shines across the vast seas of history like beacons to those in the troubled waters of general deception.
Stocks were led by a narrow group of big cap tech related stocks, with the NDX 100 driving all the gains.
Tomorrow we will have the CPI data, which *could* move the market. Some of the yield related futures are pricing in a four rate hike year. A strong CPI number may encourage that.
Gold and silver showed some mild strength, not as a flight to safety, but mostly off a slightly weaker dollar.
When traded as currencies, the precious metals are decoupled from their fundamental supply and demand dynamics as commodities.
Next week will be Jay Powell's first FOMC meeting. The Fed is widely expected to decide on a 25 bp rate hike.
This Friday is a stock option expiration. We may see some shenanigans on the precious metals related stocks.
The CBOE put-call ratio is back to the pre-meltdown levels.
Corruption and deception remain the coin of the realm in the halls of power in New York and Washington.
Have a pleasant evening.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Harvey Honored To Post Your Work Man !
https://www.silverdoctors.com/tag/harvey-organ/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Jesse http://jessescrossroadscafe.blogspot.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You GATA http://www.gata.org/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You Zero Hedge https://www.zerohedge.com/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You from MMgys The Love Network <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Visit our Friends at GOLDBUGS INDEX https://investorshub.advfn.com/GOLDBUGS-Gold-Spot-(FOREX-XAUUSDO)-COM-GC-Z15-3386/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
and Thank You All for Being With Us Tonight
Wishing You All a Very Nice Day <3
MMgys
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
.jpg)
Good Morning Ladies and Gentlemen
MMgys
~Welcome To :
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Always a Pleasure To Have You with Us
MMgys
OK Here We Go >>>>>>>>>>>>>>>>>>
Onwards to the data>>>>>>>>>>>>>>>>>>>>>>>>>
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
MARCH 12/GOLD REBOUNDS AGAIN AND DOWN ONLY $3.00 TO $1320.40/IN ACCESS MARKET IT CLOSES ABOVE $1323.00/SILVER IS DOWN ONLY 8 CENTS TO $16.32/ IN ACCESS MARKET SILVER ABOVE $16.55/ ABE GOVERNMENT IN JAPAN MAY BE IN TROUBLE AS THE “KINDERGARTEN” SCANDAL RESURFACES/THERESA MAY FINDS RUSSIA RESPONSIBLE FOR THE POISONING OF 21 PEOPLE , INCLUDING THE TWO PRINCIPAL VICTIMS/IN THE USA, A HUGE FEB DEFICIT OF 215 BILLION DOLLARS DUE TO LACK OF RECEIPTS AND HIGHER OUTLAYS INCLUDING INTEREST ON THE BURGEONING DEBT/MORE SWAMP STORIES/
March 12, 2018 · by harveyorgan · in Uncat
GOLD: $1320.40 DOWN $3.00
Silver: $16.52 DOWN 8 CENTS
Closing access prices:
Gold $1323.20
silver: $16.53
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: $1329.15 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1322.90
PREMIUM FIRST FIX: $6.20
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1331.10
NY GOLD PRICE AT THE EXACT SAME TIME: $1322.40
PREMIUM SECOND FIX /NY:$8.70
SHANGHAI REJECTS NY PRICING OF GOLD.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1317.23
NY PRICING AT THE EXACT SAME TIME: $1320.50 ??
LONDON SECOND GOLD FIX 10 AM: $1319.15
NY PRICING AT THE EXACT SAME TIME. $1317.60???
For comex gold:
MARCH/
NUMBER OF NOTICES FILED TODAY FOR MARCH CONTRACT: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR:4 FOR 400 OZ
For silver:
MARCH
101 NOTICE(S) FILED TODAY FOR
505,000 OZ/
Total number of notices filed so far this month: 4828 for 24,140,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $9772/OFFER $9,842: UP $826(morning)
Bitcoin: BID/ $8795/offer $8867: DOWN $149 (CLOSING/5 PM)
end
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE BY A TINY SIZED 436 contracts from 196,520 RISING TO 196,956 DESPITE FRIDAY’S STRONG 21 CENT RISE IN SILVER PRICING. WE OBVIOUSLY HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 1107 EFP’S FOR MAY AND ZERO FOR ALL OTHER MONTHS AND THUS TOTAL ISSUANCE OF 1107 CONTRACTS. WITH THE TRANSFER OF 1107 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 1107 CONTRACTS TRANSLATES INTO 5.535 MILLION OZ WITH THE RISE IN OPEN INTEREST IN SILVER AT THE COMEX.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:
19,463 CONTRACTS (FOR 8 TRADING DAYS TOTAL 19,463 CONTRACTS OR 97.315 MILLION OZ: AVERAGE PER DAY: 2432 CONTRACTS OR 12.160 MILLION OZ/DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 97.315 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 13.90% OF ANNUAL GLOBAL PRODUCTION
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S: 589.79 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR MONTH OF FEBRUARY: 244.945 MILLION OZ
RESULT: WE HAD A SMALL SIZED GAIN IN COMEX OI SILVER COMEX OF 436 DESPITE THE STRONG 21 CENT RISE IN SILVER PRICE. WE ALSO HAD A GOOD SIZED EFP ISSUANCE OF 1107 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 1107 EFP’S FOR THE MONTH OF MAY WERE ISSUED FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE GAINED 1543 OI CONTRACTS i.e. 1107 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 436 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER OF 21 CENTS AND A CLOSING PRICE OF $16.70 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.
In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.984 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 101 NOTICE(S) FOR 505,000 OZ OF SILVER
In gold, the open interest FELL BY A FAIR SIZED 1618 CONTRACTS DOWN TO 495,769 DESPITE THE STRONG REBOUND IN PRICE ON FRIDAY YESTERDAY ( GAIN OF$2.25) HOWEVER FOR TODAY, THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED AN GOOD SIZED 6847 CONTRACTS THE ISSUANCE OF, APRIL SAW THE ISSUANCE OF 6847 CONTRACTS , JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 497,187. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI TOGETHER WITH THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A GOOD OI GAIN IN CONTRACTS: 1618 OI CONTRACTS DECREASED AT THE COMEX AND A GOOD SIZED 6847 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS TOTAL OI GAIN: 5229 CONTRACTS OR 522,900 OZ =16.26 TONNES
FRIDAY, WE HAD 7106 EFP’S ISSUED.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 75,643 CONTRACTS OR 7,564,300 OZ OR 235.28 TONNES (8 TRADING DAYS AND THUS AVERAGING: 9455 EFP CONTRACTS PER TRADING DAY OR 945,500 OZ/ TRADING DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 8 TRADING DAYS IN TONNES: 235.28 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 235.28/2550 x 100% TONNES = 9.21% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH ALONE.
ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE: 1485,62 TONNES
ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22 TONNES
ACCUMULATION OF GOLD EFP’S FOR FEBRUARY: 649.45 TONNES
Result: A FAIR SIZED DECREASE IN OI AT THE COMEX WITH THE STRONG REBOUND IN PRICE IN GOLD TRADING FRIDAY ($2.25 ULTIMATE GAIN). HOWEVER, WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6847 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 6847 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 5229 contracts ON THE TWO EXCHANGES:
6874 CONTRACTS MOVE TO LONDON AND 1618 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 16.26 TONNES).
we had: 0 notice(s) filed upon for nil oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD
WITH GOLD DOWN $3.00 : NO CHANGES IN GOLD INVENTORY AT THE GLD /
Inventory rests tonight: 833.73 tonnes.
SLV/
WITH SILVER DOWN 8 CENTS TODAY:
A BIG CHANGES IN SILVER INVENTORY AT THE SLV/ A DEPOSIT OF 943,000 O
/INVENTORY RESTS AT 319.012 MILLION OZ/
end
Hugo Salinas Price: Without trade deficits, U.S. dollar can’t be world reserve currency (Plata.com.mx)
Reuters exclusive: Five banks open up trillion-dollar gold club (Reuters.com)
Trump’s Historic Bet on Kim Summit Shatters Decades of Orthodoxy (Bloomberg.com)
ECB Assumes Final QE Push Totaling 30 Billion Euros (Bloomberg.com)
Hungarian National Bank Decides to Bring Gold Reserves Back Home (HungaryToday.hu)
Gold Prices (LBMA AM)
09 Mar: USD 1,319.35, GBP 955.21 & EUR 1,072.50 per ounce
08 Mar: USD 1,325.40, GBP 955.08 & EUR 1,070.39 per ounce
07 Mar: USD 1,332.50, GBP 960.07 & EUR 1,071.86 per ounce
06 Mar: USD 1,324.95, GBP 957.01 & EUR 1,074.00 per ounce
05 Mar: USD 1,326.30, GBP 958.78 & EUR 1,075.63 per ounce
02 Mar: USD 1,316.75, GBP 955.70 & EUR 1,071.04 per ounce
01 Mar: USD 1,311.25, GBP 953.80 & EUR 1,075.75 per ounce
Silver Prices (LBMA)
09 Mar: USD 16.49, GBP 11.92 & EUR 13.40 per ounce
08 Mar: USD 16.48, GBP 11.89 & EUR 13.31 per ounce
07 Mar: USD 16.65, GBP 12.01 & EUR 13.42 per ounce
06 Mar: USD 16.62, GBP 11.96 & EUR 13.41 per ounce
05 Mar: USD 16.51, GBP 11.95 & EUR 13.42 per ounce
02 Mar: USD 16.45, GBP 11.92 & EUR 13.36 per ounce
01 Mar: USD 16.32, GBP 11.87 & EUR 13.39 per ounce
Recent Market Updates
– London Property Sees Brave Bet By Norway As Foxtons Profits Plunge
– Gold Does Not Fear Interest Rate Hikes
– RaboDirect Closing – Gold May Protect From Irish Banks Going “Belly Up Again” – Finuncane
– Silver bullion will likely outperform gold bullion going forward
– Gold $10,000? Goldnomics Podcast Quotations and Transcript
– Trump Risks Trade and Currency Wars – Protectionism and Economic War Loom
– Four Key Themes To Drive Gold Prices In 2018 – World Gold Council
– Is The Gold Price Going To $10,000? (Goldnomics Podcast 3)
– Gold Corridor From Dubai to China Sought By China
– Digital Gold Provide the Benefits Of Physical Gold?
– Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning
– Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
– Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
Alabama becomes the 37th state to exempt sales tax on gold and silver bullion as well as coins
(courtesy GATA>Numismatic News.Iola Wisconsin)
Alabama exempts gold and silver bullion and coins from sales tax
Submitted by cpowell on Sat, 2018-03-10 15:15. Section: Daily Dispatches
ICTA Wins Another One for Coin Buyers
By Dave Harper
Numismatic News, Iola, Wisconsin
Thursday, March 8, 2018
The Industry Council for Tangible Assets has notched another sales tax win.
Congratulations.
Alabama becomes the 37th state to exempt sales of gold, silver, platinum, and palladium bullion and money, ICTA’s David Crenshaw reports.
Numismatic commerce can blossom thanks to Gov. Kay Ivey. She signed into law Senate Bill 156 on March 6 to create a sales and use tax exemption on U.S. coins and currency and precious metals bullion sales.
Of course she isn’t the only one who deserves the high praise of collectors.
“The bill’s author, Sen. Tim Melson, along with its House sponsor, Rep. Ron Johnson, championed the bill through the legislature,” said Phil Darby (J&P Coins and Currency in Helena).
“Alabama coin businesses and collectors owe them a debt of gratitude,” Darby said. …
… For the remainder of the report:
http://www.numismaticnews.net/buzz/icta-wins-another-one-coin-buyers
END
Ralph Benko explains beautifully by the USA had continual trade deficits in order to maintain its status as the world’s reserve currency. The USA exported paper dollars which cost them a few pennies and got real goods for that paper money but this occurred with a curse..the USA manufacturers were decimated. Now Trump is attempting to stop this..
a good read//
(Ralph Benko/GATA)
Ralph Benko: Trade deficits are the price of issuing the world reserve currency
Submitted by cpowell on Mon, 2018-03-12 00:30. Section: Daily Dispatches
8:30p ET Sunday, March 11, 2018
Dear Friend of GATA and Gold:
Financial writer and gold standard advocate Ralph Benko this week joined those explaining that huge trade deficits are inevitable for any country that enjoys the “exorbitant privilege” of issuing the world reserve currency.
Benko writes:
“World War II — in which my heroic father Max Benko fought along with millions of others — left America relatively unscathed. After V-Day our allies and our vanquished enemies’ economies lay in shambles. We could (and did) give ourselves a treat while extending an invisible helping hand — one much greater than the Marshall Plan — to war-torn Europe and Japan.
“How? After World War II, the world, led by America, entered into an arrangement called Bretton Woods. This made the U.S. dollar the world’s ‘reserve currency.’
“In practice, Bretton Woods meant that Americans could consume more than we produce — an exorbitant privilege — by exporting dollars rather than goods. How, exactly, did that work? ….
“As American economist Barry Eichengreen summarized: ‘It costs only a few cents for the Bureau of Engraving and Printing to produce a hundred-dollar bill, but other countries had to pony up $100 of actual goods in order to obtain one.’
“That privilege, which made great sense during the period immediately after World War II, became a curse.
“How did our ‘exorbitant privilege’ transform into a curse? By inequitably prejudicing our manufacturers.
“The key element — the reserve currency status of the dollar — of the Bretton Woods ‘Calvinball’ monetary treaty remains in place. Time to end that … as Donald Trump seems to almost preternaturally intuit.”
Benko’s commentary is headlined “Exit Gary Cohn. Enter Lewis Lehrman, Steve Forbes, or Larry Kudlow?” and it’s posted at Forbes here:
https://www.forbes.com/sites/ralphbenko/2018/03/09/exit-gary-cohn-enter-…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee
CPowell@GATA.org
end
The OPEC Deal Could Fall Apart In June
Authored by Irina Slav via OilPrice.com,
OPEC’s oil production cut agreement could start falling apart soon, as Saudi Arabia and Iran once again face off. This time, however, the spat is over determining what the best price level is for the commodity. That’s what Iran’s Oil Minister Bijan Zanganeh told the Wall Street Journal in an interview.
The split, apparently, stems from Saudi Arabia’s insistence that crude oil should be kept closer to US$70 a barrel – a level Brent touched briefly early this year – and Iran’s equal insistence that US$60 is a better place for oil to trade at.
This disagreement could see the cartel start unwinding the cuts as early as June, when it will meet with its partners to discuss progress and next steps. Zanganeh’s explanation of the Iranian stance is anything but a surprise: “If the price jumps [to] around $70 … it will motivate more production in shale oil in the United States,” he told the WSJ.
Zanganeh is not wrong, but the problem is that U.S. drillers have demonstrated that they could pump more at US$60 a barrel, too, so bringing prices closer to that level is not a guaranteed way to stymie U.S. oil production growth.
Production has been growing steadily, last week hitting 10.3
million bpd.
The oil production in the United States is not the only problem. The bigger problem is soaring U.S. exports that are eating away the market share of OPEC members. This could be the last drop to swing OPEC in Iran’s favor.
Bloomberg quoted an ING analyst yesterday as saying that crude could fall below US$60 a barrel because of rising U.S. exports to Asia, a key market for every producer. The OPEC deal is under threat, ING commodities strategist said, because U.S. crude supplies are displacing OPEC’s. “The longer the deal goes on, it’s going to start falling apart. They continue to give market share away to the U.S.”
end
Chinese Space Station May Crash Into Michigan In Three Weeks
Mon, 03/12/2018 - 19:05
An out-of-control Chinese space station full of "highly toxic" chemicals may crash into lower Michigan, reports Aerospace.org, which has predicted an April 3 reentry with a margin of error of one week before and after. While the list of possible targets include locations in Northern China, South America, Southern Africa, Northern Spain and the United States. Lower Michigan in particular is among the regions with the highest probability of a direct hit.
The 8.5-ton Tiangong-1 had previously been expected to come crashing down to Earth sometime in March, while the European Space Agency's Space Debris Office in Darmstadt, Germany, thinks the window for reentry is between March 24 and April 19. That said, most of it will burn up upon re-entry, leaving between 10 and 40 percent of the satellite expected to survive as debris.
"There is a chance that a small amount of Tiangong-1 debris may survive reentry and impact the ground," Aerospace reports. "Should this happen, any surviving debris would fall within a region that is a few hundred kilometers in size and centered along a point on the Earth that the station passes over."
In January, Harvard astrophysicist Jonathan McDowell said that it's impossible to predict where the station will hit. “You really can’t steer these things," McDowell said, adding "Even a couple of days before it reenters we probably won’t know better than six or seven hours, plus or minus, when it’s going to come down.
McDowell said Tiangong-1’s descent had been speeding up in recent months and it was now falling by about 6km a week, compared with 1.5km in October. It was difficult to predict when the module might land because its speed was affected by the constantly changing “weather” in space, he said.
“It is only in the final week or so that we are going to be able to start speaking about it with more confidence,” he said.
“I would guess that a few pieces will survive re-entry. But we will only know where they are going to land after the fact.” -The Guardian
According to a FAQ on the Tiangong-1, the actual impact of the space station might not even be the most dangerous aspect of the reentry. Potentially hazardous materials including hydrazine, a highly toxic chemical used in rocket fuel, might survive re-entry. If humans or animals come into contact with large quantities of the substance, it can cause serious liver, kidney and central nervous system damage.
As we previously reported, the Tiangong-1 was the first space station built and launched by China - equipped with two sleep stations and a habitable volume of 15 cubic meters (529 sq ft.).
Weighing in at 18,750 lbs, the two-module spacecraft - which means "Heavenly Palace," lost contact with China's space agency on March 21, 2016 after the completion of its extended mission, which included a six year service life that saw two manned missions to perform experiments for the larger multiple-module Tiangong station.
The first mission - Shenzhou 9, was a 13-day sojourn launched June 15, 2012 with three astronauts - including China's first female astronaut, Liu Yang. The mission completed two dockings - one computer controlled, and one crew-guided.
China's second mission, the Shenzhou 10, launched June 11, 2013 with three astronauts as well.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Tonights featured news reads on MiningWatch Canada
News Release
Guatemalan Constitutional Court Keeps Tahoe Resources Operations Suspended, Orders Presentation of Further Documentation
09.03.2018
News Release
Citizens, Quebec Municipality Denounce $96 Million Suite by Canada Carbon
05.03.2018
MiningWatch in the News
Canada mining murder in Mexico
05.03.2018
News Release
Pebble Mine Investment Risk Warning: New Report Examines Hunter Dickinson Track Record
28.02.2018
News Release
What do the mining watchdogs see?
27.02.2018
News Release
Asbestos Is The Biggest Killer Of Quebec Workers: Urgent Appeal to Political Leaders To Take Action
20.02.2018
Friends of MiningWatch
Eabametoong First Nation Forced to Head to Court to Protect Homelands from Mining in Ontario
07.02.2018
News Release
Mexican Delegation Questions Role of Canadian Embassy in Complaint to Integrity Commissioner
06.02.2018
News Release
Campaign Financing and the Ontario Mining Industry’s Political Influence
02.02.2018
News Release
BC's Recent Crown Decision: How Can the Worst Mining Waste Disaster in Canadian History Not Have Legal Consequences?
01.02.2018
News Release
Mining Giant Rio Tinto’s Tax Haven Scheme Costs Canada and Mongolia Nearly $700 Million in Lost Tax Revenue
31.01.2018
Friends of MiningWatch
Golden promises and unpaid bills: The case of Oyu Tolgoi and profitable tax avoidance by Rio Tinto in Mongolia
31.01.2018
MiningWatch in the News
The Canadian company behind this Mongolian mine has avoided half a billion dollars in taxes, report alleges
31.01.2018
MiningWatch in the News
A small town in Quebec could power the next wave of electric cars
30.01.2018
News Release
Environmental Experts Lay Out Expectations for Federal Environmental Assessment Bill
25.01.2018
News Release
Arcelor Mittal's Mont Wright Expansion Project: Five Recommendations from Quebec Meilleure Mine
24.01.2018
News Release
Long-Fought-For Ombudsperson Announced to Investigate International Complaints against Canadian Mining Companies
17.01.2018
News Release
At Last, Communities Affected by Canadian Corporations Overseas Will Be Heard: Government Creates Human Rights Watchdog
17.01.2018
News Release
What Green Economy? New OECD Report Finds Canada Worst of G7 on Recycling, Minerals Efficiency
19.12.2017
News Release
B.C. Rejects Ajax Mine – Groups Urge Governments to Learn Lessons and Change Laws
Read them all here https://miningwatch.ca/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SRSrocco On The Staggering Amount Of Gold Exported From The U.S. Since The Turn Of The Century
March 12, 2018 2 358
“When the U.S. Dollar finally loses its world reserve status, Americans are going to wish that they held onto their gold instead of sending it overseas…”
https://www.silverdoctors.com/gold/gold-news/on-the-staggering-amount-of-gold-exported-from-the-u-s-since-the-turn-of-the-century/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The ‘Dumb Money’ Is Helping The ‘Smart Money’ Exit The Stock Market Before It Crashes
March 12, 2018 1 230
After a euphoric rally in a market preparing to crash, all the Joe Sixpacks, mom, pop and family dogs opened trading accounts. Here’s how it ends…
https://www.silverdoctors.com/headlines/world-news/dumb-money-is-helping-the-smart-money-exit-the-stock-market/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Top Ten Videos — March 9
March 9, 2018 21 Comments
Two bonus videos this time. Chris Martenson on how the system “nearly fell apart last Month.” David Stockman on Deep State propaganda. Jordan Roy-Byrne on gold’s big upcoming move. Rick Rule’s “one piece of advice for investors.” Emigrate While You Still […]
https://dollarcollapse.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Pics of the Day
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Primacy of Conscience
"All my life I have been fighting against the spirit of narrowness and violence, arrogance, intolerance in its absolute, merciless consistency. I have also worked to overcome this spirit with its evil consequences, such as nationalism in excess, racial persecution, and materialism. In regards to this, the National Socialists are correct in killing me.
I have striven to make its consequences milder for its victims and to prepare the way for a change. In that, my conscience drove me – and in the end, that is a man's duty."
Helmuth James Graf von Moltke, Executed in Plötzensee Prison on 23 January 1945
"Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act."
Dietrich Bonhoeffer, Executed in Flossenbürg Camp on 9 April 1945
As journalist activist Carl von Ossietzky put it, 'we cannot hope to affect the conscience of the world when our own conscience is asleep.'
Heroic virtue shines across the vast seas of history like beacons to those in the troubled waters of general deception.
Stocks were led by a narrow group of big cap tech related stocks, with the NDX 100 driving all the gains.
Tomorrow we will have the CPI data, which *could* move the market. Some of the yield related futures are pricing in a four rate hike year. A strong CPI number may encourage that.
Gold and silver showed some mild strength, not as a flight to safety, but mostly off a slightly weaker dollar.
When traded as currencies, the precious metals are decoupled from their fundamental supply and demand dynamics as commodities.
Next week will be Jay Powell's first FOMC meeting. The Fed is widely expected to decide on a 25 bp rate hike.
This Friday is a stock option expiration. We may see some shenanigans on the precious metals related stocks.
The CBOE put-call ratio is back to the pre-meltdown levels.
Corruption and deception remain the coin of the realm in the halls of power in New York and Washington.
Have a pleasant evening.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Harvey Honored To Post Your Work Man !
https://www.silverdoctors.com/tag/harvey-organ/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Jesse http://jessescrossroadscafe.blogspot.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You GATA http://www.gata.org/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You Zero Hedge https://www.zerohedge.com/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You from MMgys The Love Network <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Visit our Friends at GOLDBUGS INDEX https://investorshub.advfn.com/GOLDBUGS-Gold-Spot-(FOREX-XAUUSDO)-COM-GC-Z15-3386/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
and Thank You All for Being With Us Tonight
Wishing You All a Very Nice Day <3
MMgys
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
.jpg)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
