KEEP ON TRUCKIN!

JMHO but they are going to fail on both fronts both near and long term. We’ll see what happens in the SM after Europe closes, but aside from removing Trump from the face of the earth, there is no way they’ll stop him from getting to the White House. JMHO.

A New Balance Of Power In The Gold Market

http://www.zerohedge.com/news/2016-06-24/new-balance-power-gold-market

It took Greenspan getting out of the Fed to finally begin telling the truth. I watched the interview and he was honestly nervous about populism and falling wages and stagnation, coupled with entitlement spending. He said that wages needed to grow 4.5% per year just to sustain the entitlements. He said that the standard of living in Europe and the US was going to fall. No doubt we’re seeing that in real time.

Seems to be to get Gold down under the 200 Day Moving Avg and limit the Dow & Friends to less than 3% losses for the day. The Elites are running scared after the Brexit vote. They MUST contain the damage here and now. November looms in the distant future, and they simply cannot lose control, and allow Trump to reach the White House. Stay tuned folks, its going to be interesting.

That’s great news! No doubt your keeping in shape with the long runs is helping your recovery. Good deal!

Reckon all those running miles are paying off as your body fights off the baddies. The golf,….well…maybe not so much. (grin) Course now, there is a lot to be said for being outside in the fresh air and sunshine. Prayers and thoughts are with you always. Now go eat your veggies and drink a V8. Go Scruffy !!!

This article specifically talks about the arbitrage that is developing between the Crimex and the Shanghai Hold exchange:

But if the price set in the Shanghai physical market is higher than in the paper markets — reflecting the different aims of the respective sets of traders — then it becomes profitable for holders of long futures contracts in the West to demand delivery of the metal, ship it to China and sell it at the higher Shanghai price.

Once this process gets going it will quickly clear out the inventories of the Western exchanges, leaving nothing for future arbitrageurs. The exchanges will then force those wanting delivery to accept cash instead, in effect defaulting on their promises. Then it’s game over, with the big futures manipulators no longer a factor in pricing.

”

Former Federal Reserve Chair Alan Greenspan told CNBC’s “Squawk on the Street” on Friday that the U.K. voting to leave the European Union “is just the tip of the iceberg.”

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for “remain.”

“The problem that’s causing the British problem is far more widespread,” Greenspan said.

The former Fed chair explained that the result of the referendum will “almost surely” lead to the Scottish National Party trying to “resurrect Scottish Independence.”

“This is the worst period, I recall, since I’ve been in public service. There’s nothing like it, including the crisis… This has a corrosive effect, which is not easy [to make] go away,” Greenspan said.

Greenspan went even further and said that the “euro currency is the immediate problem.” While the euro and the eurozone were major steps in a movement towards European political integration, “it’s failing,” he said.

The former Fed chair said that the fundamental problem is that “real incomes are not going anywhere.”

This is a breaking news story. Please check back for updates.”

Thinking they want to knock down gold below the 200 DMA (around 1315 ?)

http://video.cnbc.com/gallery/?video=3000528618

Hoping for a strong finish today.

How are you feeling these days? It seems you’ve been able to post a bit more.

Canada’s silver producer Primero Mining (TSX:P)(NYSE:PPP) could throw a wrench into the North American Leaders’ Summit next week, as the miner wants Ottawa to intervene in its tax dispute with Mexico.

The Toronto-based company, which owns the San Dimas gold-silver mine in Durango, Mexico, launched earlier this month a NAFTA challenge against the Mexican government arguing that local tax authorities were trying to improperly collect more taxes from them.

The dispute between Primero Mining and Mexico centres on how it is taxed on the sale of its silver, which the company has called it “neither fair nor equitable.”

The dispute centres on how the Mexican government taxes the foreigner miner on the sale of its silver.

In 2012, a Mexican court ruled Primero should be taxed based on what’s known as the “realized price” of the metal, which is a slightly over $4 an ounce. This price is much lower than the market value for silver, which is currently trading above $17 per ounce.

The Canadian firm had argued it should be taxed at the lower rate because it is contractually required to sell a large portion of its output to another company, Vancouver-based Silver Wheaton (TSX, NYSE:SLW), at the lower realized price.

But in February, the Mexican tax authority — SAT — decided to retroactively overturn that 2012 deal.

In its latest statement, Primero accused SAT of being “neither fair nor equitable” in its actions towards the company.

cont. http://www.mining.com/primero-mining-wants-canadian-govt-intervene-tax-dispute-mexico/

Q: What would you do if you the head of the Central banks today?

A: I would worry

Lots of selling the spike going on. I sure would like to at least see $1300 hold today.

At least we’re not short!

Five charts showing why gold stocks have never been this cheap! – 1 year later

Saying the Brexit is just the “tip of the iceberg” he’s actually right for once. Thanks Alan

Farmboy – here, here. Trump stands against the elite

Ipso – It will be quite the coup if they can take silver negative, bring the SM back and get gold back below 1300

I hope they don’t but they are sure defending 235-240 HUI like it’s the last line of defense.

Alacer Gold Continues to De-Risk Sulfide Project With Execution of Hedging Program

http://finance.yahoo.com/news/alacer-gold-continues-risk-sulfide-134338187.html

A fine statement by the Donald!

” The Kitco Website is down “for Maintenance…”  LOLOL

DONALD J. TRUMP STATEMENT REGARDING BRITISH REFERENDUM ON E.U. MEMBERSHIP

The people of the United Kingdom have exercised the sacred right of all free peoples. They have declared their independence from the European Union and have voted to reassert control over their own politics, borders and economy. A Trump Administration pledges to strengthen our ties with a free and independent Britain, deepening our bonds in commerce, culture and mutual defense. The whole world is more peaceful and stable when our two countries – and our two peoples – are united together, as they will be under a Trump Administration.

Come November, the American people will have the chance to re-declare their independence. Americans will have a chance to vote for trade, immigration and foreign policies that put our citizens first. They will have the chance to reject today’s rule by the global elite, and to embrace real change that delivers a government of, by and for the people. I hope America is watching, it will soon be time to believe in America again.

definitely trying to create a waterfall in the shares. I think it fails today, but I’m an optimist…

I’m happy to say, we now have more proof and confirmation that the global power elite are falling on their dumb asses. If you guys are not happy for the USA YET? You better stop trying. Its now or NEVER. BE HAPPY!