Gold Demand In India Triples As China Launches Global Gold Bourse This Thursday
Sobering
Being a proponent of gold and of honest systems, I though I had seen or imagined everything evil that is possible. With the things I’ve experienced this very night in the realm of politics, I feel like I’ve looked into the very eyes of evil. I did not flinch, but I must admit, I am very shaken inside. I won’t go into details on this board, but if people don’t take a stand and support good people, this country is finished.
re… Comex Silver Longs/Harvey
Hi All… I have been watching and trying to figure out what that multi-million oz. long position is all about as well… The problem for that long is, as I see it, there is no way it can be physically delivered and they must know that so… if/when they do try to go for delivery… COMEX will default.. go to cash only and move on… no big deal for them… They/Comex are going to HK with plans for a cash only/hedge metals product… (same as what they basically have now). … So again… what is ‘their plan’?? … Whatever their plan is… it is a billion dollar one!!
Islandgold…
Treefrog
Little jealouse of your camping trip. Besides van scare glad you got back out there.
For copyright purposes, Asylum is bastardized so here is a talent I had a chance to see in my hometown and missed. I can be so daft (part of being a goldbug)
I will post something from Kim Mitchell, the interviewer, a hit singer like Greg Kihn or Rick Derringer that became DJ’s
home again!
i just got back from a camping trip to new mexico – also a little of az, ut, and co. my favorite gold panning stream in utah (crescent creek) now has staked claims all along it. boo! lots of adventure – dodging flash floods, soaking in hot springs, and worrying about engine trouble in the middle of nowhere (gila wilderness). all is well, and i found out how little it takes for my van to display a “service engine soon” light. evidently all it takes is to have an ill-fitting gas cap. easy and cheap to fix, but very unsettling when you’re fifty miles of very twisty, narrow mountain road from the nearest o’reilley’s.
From A to Z, US is closer to Zimbabwe than Austrian
Ancient Confucius Von Mises proverb
gold creep…
Did gold really go up 2.00? kitco
drb2 @ 22:11 on September 16, 2014
well 20 years ago ron paul was 20 years younger
but he still was ignored by the powers of the political voting machines ,, a vote for paul is two votes for the other side .. we program the voting machines ,, we = the purple globs.. of voting fraud
This is it! ipso
define…… it lol
I wish Ron Paul was 20 years younger…. and had 50 clones in Congress
| by Ron Paul | ||
| On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank. The Swiss referendum is driven by an undercurrent of dissatisfaction with the conduct not only of Swiss monetary policy, but also of Swiss banking policy. Switzerland may be a small nation, but it is a nation proud of its independence and its history of standing up to tyranny. The famous legend of William Tell embodies the essence of the Swiss national character. But no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years. The Swiss tradition of bank secrecy is legendary. The reality, however, is that Swiss bank secrecy is dead. Countries such as the United States have been unwilling to keep government spending in check, but they are running out of ways to fund that spending. Further taxation of their populations is politically difficult, massive issuance of government debt has saturated bond markets, and so the easy target is smaller countries such as Switzerland which have gained the reputation of being “tax havens.” |
||
| The US has used its court system to extort money from Switzerland, fining the US subsidiaries of Swiss banks for allegedly sheltering US taxpayers and allowing them to keep their accounts and earnings hidden from US tax authorities. EU countries such as Germany have even gone so far as to purchase account information stolen from Swiss banks by unscrupulous bank employees. And with the recent implementation of the Foreign Account Tax Compliance Act (FATCA), Swiss banks will now be forced to divulge to the IRS all the information they have about customers liable to pay US taxes. On the monetary policy front, the SNB sold about 60 percent of Switzerland’s gold reserves during the 2000s. The SNB has also in recent years established a currency peg, with 1.2 Swiss francs equal to one euro. The peg’s effects have already manifested themselves in the form of a growing real estate bubble, as housing prices have risen dangerously. Given the action by the European Central Bank (ECB) to engage in further quantitative easing, the SNB’s continuance of this dangerous and foolhardy policy means that it will continue tying its monetary policy to that of the EU and be forced to import more inflation into Switzerland. |
More for the bears to grind in their teeth ;-)
Today the Chinese government backed Shanghai Gold Exchange (SGE) brought forward the launch date of its international gold trading platform which is hosted in the city’s free trade zone (FTZ). The gold trading platform will be known as the ‘international board’.
In a surprise announcement, the SGE said today that the international board will go-live this Thursday September 18, eleven days ahead of its original launch date of Monday September 29.
also from Harvey
commish @ 20:31 re your “What am I missing about a stronger dollar?”
What you missed is, its a traitor dollar, or an anti American dollar. Or a double standard dollar. Good for foreigners and bad for us. Unless you import and sell to your neighbors.
The Dollar is STRONG if you want to spend it on labor for foreign made consumer products. But if you want to spend it on American made goods and services its a piece of crap weaker valueless dollar.
Americans started screwing themselves decades ago. I remember way back in the late 60s and early ’70s a US made TV set was $400. In todays money? $6,000? Everything we bought was expensive, and our one breadwinner salaries were also expensive.
Bringing in cheaper imports, made the salaries cheaper. I’m wondering if everybody is in their 20s out there.
Buygold
The shares looked good today. Much better than the HUI I think.
If anyone doesn’t think that massive printing of “money”, debt piled on debt and a country run by a greedy oligarchy won’t have some untoward events then they shouldn’t be here.
I will bet with the odds.
Cheers
but Ipso
somehow no one ever steps up to take delivery and make Harvey look like a hero.
I sure hope the bearishness here is an indication of something good coming. I don’t see it so maybe that’s a good sign.
Today was an absolute bummer. Oil up 2%, copper up 2.2%, nat gas up 1.5%, gasoline up 1.5%
PM sector nowhere to be found. Bad enough to be down when we should be but way worse not to be up when we should be.
I guarantee all those long contracts bought for the bullish COT Report were dumped today to keep the price down.
Exhausting.
ment17
This is it!
armstrongs sept 15 turn date
gold up 1.80? peek a boo kitco
Moggy
wow that’s a cat for sure ,, meow ..
ipso facto @ 21:11 on September 16, 2014
Harvey has been following that market for many years
somehow his analysis never seems to materialize for a large spike in prices .
this is a paper game .. and paper can be stacked up ,,
now if a large cash rich trader has his eye on taking delivery of real then something may come of it.. but so far in the years that Harvey has been expecting a spike in the metals it never seems to happen ..
as they positions are just rolled over till the next delivery month
well this time we can hold our breath and maybe this is it .. lol
Moggy
Greetings That IS a pussycat! 🙂
This looks promising
From Harvey Organ
The total silver Comex OI surprisingly rose again by 431 contracts despite the fact that silver was up yesterday to the tune of 1 cent. Tonight the silver OI complex rests at 171,136 contracts. In ounces, this represents 856 million oz or 123% of silver annual production. In commodity law generally the OI is represented by 3 to 5% of annual production. These silver contracts are in very strong hands and as I have indicated to you on countless occasions, this will continue to bring nightmares to our bankers. Probably this is as good a reason as ever for the bankers to raid on a continual basis trying to force those longs to puke their interests. We are now in the next big delivery month of September and here, the OI for September fell only 15 contracts down to 609 contracts. We had 26 notices filed yesterday so we gained another 9 contracts or 45,000 additional oz will stand for the September contract month.
The December silver contract tonight rests at 127,208 contracts for a loss of only 52 contracts. No doubt the December contract month may provide all the fireworks if our major entity tries to take delivery of much of the comex silver. The estimated volume today was very good at 44,158. The confirmed volume yesterday was awful at 28,723 contracts.