That kind of thing makes me absolutely puke! Ridiculous!
deer79
I know exactly how you feel … any glimpse of light and we expect to get pounded down some more. We can’t know that Harvey is right, maybe 2014 isn’t the time, but I think that if not then the repricing is still very close.
“financial war”
I’m grokking on that … and the USA for various reasons is not favored in this war. The losers will have seriously reduced living standards if not worse.
Ipso
Thanks for posting the Organ piece. I just don’t know what to say. We’ve been hearing this for 5+ years now! and whenever the cretins are in trouble, rules are overlooked or changed. I don’t mean to be a pessimist, but we have been so “conditioned” to expect pullbacks on breakouts and negative reactions for every foreseeable positive piece of news for the metals. IMHO, I truly believe this is one big financial war between the East and the West.
Because I’m tired of Gold today
So really what I like to do is high-end residential remodel and design. It’s not just all about the pretty picture. But rendering pays the bills, my favorite clients are dinosaurs who still draw in CAD programs with lines.
This is a nice job, it’s a rowhouse in NJ, a historic neighborhood.
once I get the model set, I export it into a rendering motor program that makes it look nice. I them send this actual 3D model along to clients so they can explore the design on their own machines. Problem is that most people don’t have video cards up to snuff to view my models live (in real-time) that look like this on their computers….yet. That’s where NVIDIA video cards come into play…and the doors of perception now open.
clients either love it or hate. There’s not a lot of confusion on the design intent.
Commish
Yes, I knew his Majesty, Abdullah Hussein. He was one class behind me. A popular kid. He always had 2 bodyguards with him at all times. Occasionally, you could see him trying to ditch them.
Stoneleigh Burnham would bus girls over to Deerfield for dances. Some boys would sit in lawn chairs where the girls got off the bus, and would use diving judge cards to rate the girls. Cruel behavior, but back in the days of an all boys boarding school in the 70’s, it was seen as funny.
Harvey Organ says 2014 is the year
Manipulation of Gold and Silver Definitely Ends This Year-Harvey Organ
Harvey Organ has been on a personal mission to expose the “fraudulent manipulation” of the gold and silver markets since the late 1990’s. Organ, who studies these markets daily, contends, “It’s definitely going to happen this year.” Why does Organ think this? Let’s start with the gold market. Organ says, “You are seeing a huge amount of obligations per one ounce of gold that’s available, and as the gold moves from West to East, and the bubble of paper obligations that’s left are going to blow up. So, that is what we are basically seeing in gold. There is a massive movement basically towards three countries . . . Russia . . . China . . . and India. So, if you figure the world produces no more than 2,200 tons of gold per year, excluding China and Russia, more than 100% of that gold is going to those countries.” Organ goes on to say, “I doubt very much if the United States has one ounce of gold left.”
The price suppression game has been going on for a long time. Why does Organ think it will finally end this year? Organ says, “There is a deficit of gold of 1,800 to 2,000 tons per year. The leasing game started in 1988, and it starts going much higher in 1993. So, over the last 20 or 30 years, all that gold has been leased out. Gold that’s been leased never comes back. Now, this is why there are huge derivatives outstanding. . . . Gold at the central banks is gone.” Organ explains, “You can always paper over a paper problem, but you cannot paper over a physical default. I don’t think there is any left, and this is the year they run out of gold to deliver at GLD, Comex and the LBMA (London Bullion Market Association). How do we know it is officially over? Organ says, “Probably, China announces to the world how much gold it has.”
Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.”
The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse. . . . A year ago, Shanghai’s (China) silver inventory was approximately 33 million ounces. Today, it is 2.9 million ounces. It is losing about 2 million ounces per month, which means they have maybe two months’ supply left. . . . Where is China going to get its silver? The only above ground hoard of silver that is left is at the Comex. I don’t think much is there, but whatever is left, China is going to grab it. . . . They have Comex surrounded (with long positions on silver) and that is the end game.”
Organ adds, “It will be a failure to deliver, and a failure to deliver is the same as a default. China is going to demand what they want.” Is all the war talk in the South China Sea and in the Ukraine crisis and ISIS in the Middle East a way to cover over a financial calamity? Organ says, “That’s exactly why you are seeing this. You got it. That’s exactly what’s happening. It’s a physical default, and China is not going to sit idly by. It will want its silver back or it will say I will tell the world, or it will flood the world with its $3 trillion U.S. dollars. . . . The whole thing is going to happen all at once. You are going to see it.” Join Greg Hunter as he goes One-on-One with Harvey Organ of http://harveyorgan.blogspot.com/
more in the video http://usawatchdog.com/manipulation-of-gold-and-silver-definitely-ends-this-year-harvey-organ/
deer79 – Deerfield Academy
Wonder if you were around when the King of Jordan Adullah II attended. He attended Eaglebrook then Deerfield Academy. My mother (deceased) worked as a receptionist at the Stoneleigh Burnham School. Wonder who your headmaster was?
gold like geoduck
it stretches its reach.. 18 bucks .. then s the harvest begins .. the neck pulled into its shell .. and down goes the neck into the shell . gold geoduck in to the sand at 6.00 bucks;
the incredible geoduck tales..of the northwest
Good to know Deer/ Thanks Portugeezer
I think it’s the hottest street racer of all times right? All the street racing kids love it right? It’s called a Skyline or something right?
Eros
No, I attended a prep school in Western Massachusetts called Deerfield Academy and graduated in 1979.
all we hear is the fact that the demand for physical will overtake the shenanigans of the Algos. Fundamentals have not mattered for a long time, but hopefully they will someday. I just don’t know what will be the trigger.
Portugeezer @ 8:19
HeHe 🙂
thank you Richard640
The inspiration is rooted from a German modernist movement in the 1920’s called neoplasticism and the De Stijl movements of early modern architecture. FLW was also inspired by this movement (think of falling waters). did you grow up on Moss Avenue?
Good morning Oasis
Gold Reserve Awarded $740.3 Million by ICSID for the Expropriation of the Brisas Project by Venezuela
http://finance.yahoo.com/news/gold-awarded-740-3-million-234800300.html
When you wish upon a star makes no difference who you are etc–Another gold bug fairy tale-been hearin em for 20 yrs at least
A Run to Silver and Gold unlike Anything in History of Mankind-David Morgan
By Greg Hunter On September 22, 2014 In Market Analysis 65 Comments
By Greg Hunter’s USAWatchdog.com
Silver guru, David Morgan, says forget about the manipulated price suppression of the yellow and white metals. It’s only a matter of time before the debt and derivative markets crash, catapulting precious metals prices exponentially higher. Morgan explains, “The bigger problem all exists in the debt markets, and the debt markets is where the problem is really. When that problem blows up, there’s going to be a run to gold unlike anything in the history of mankind. . . . The spillover into silver will be phenomenal, as well, because once it (debt markets) starts down, everyone that understands what’s going on, which will be very few, will be running to gold. They will try to get gold in any form that they can, and again, a huge spillover into the silver market. All of a sudden, even at the retail level, and at the wholesale level or commercial level, or the futures market or bar level—it’s over. A big ETF type or silver holding company will call up and say I want to buy $50 million of silver, or $150 million or $200 million, which is peanuts compared to the bond market. . . . The answer is going to be ‘we don’t have it.’ When that happens, it’s over.”
portugeezer
I got to look at the images after Florida gave you a shout out. your place looks great. your designer works in the same software platforms I do. I take my work to a more photorealistic level so I can help owners develop presentations of what buildings and spaces can look like in advance to their construction. I always tell my clients the devil is in the details….beautiful images can take up to a month to model and render…but it can become a fantastic poster or website promotional item
deer79
you’re on to something my friend. anytime I see your handle I always think about John Deere. Yes or no? Haha. Richard640, my dad and I think in terms of CAT.
Silver
All I can think is that there is some massive derivative exposure tied directly to Silver? It has much more economic/ utilitarian applications than Gold, yet it is destroyed because…………..the massive exposure to debt/CDO’s/currency swaps etc.????
Morning At The Oasis….
Thanks for the coffee Mad Mike. And thanks Scruffy for that chart.
Macroman got me in the mood for a little toe tapping music this morning.
Off to a good start this morning, lets hope we can keep it going.
Best, Farmboy (speaking of going, I have to get it in gear myself, see ya’ll later)
okay soee sent this one to me yesterday- The moon photos are real
The moon photos are real and NVIDIA proved it. I have NVIDIA cards in all my rendering machines. My tower holds three of these graphics cards. We went to the moon, took real photos and NVIDIA can prove it!
Few events in US history inspire a paranoiac bent on unearthing political conspiracy theories quite like the Apollo moon landings do. So when Nvidia, the leader in high-end graphics processing units (GPUs) for PC gaming, wanted to show off a lighting feature of its new GeForce GTX 970 and 980 cards, it found its inspiration in the sky.
“Global illumination is the hardest task to solve as a game company,” Scott Herkelman, Nvidia’s GeForce general manager, said in an interview. “Virtual point lights don’t do a bad job when the environment stays the same, but a game developer has to fake shadows, fake reflections…it’s a labor-intensive process.” So when a Nvidia research engineer used the company’s new dynamic lighting techniques to show off a side-by-side comparison between an Apollo 11 photo and a GeForce-powered re-creation, the company knew it had a novel demo on its hands.
“We’re going to debunk one of the biggest conspiracies in the world,” Herkelman said. Read more










