Posted by treefrog
@ 15:56 on June 5, 2018
if putin’s buying gold and unloading dollars, the last thing he would want to do is announce it widely – until he has as much gold as he wants. such an announcement, or backing russia’s currency with gold would be likely (imo) to raise the pog and drop the po$. perhaps sharply!
he may be setting up to do that, but is still playing a waiting game to get as many ounces as possible for the $ he has to spend….
….when (if ever?) would he decide he has enough? that’s the question!! i suspect he’s playing his cards close to his vest
Posted by Richard640
@ 15:32 on June 5, 2018
Posted by Buygold
@ 15:25 on June 5, 2018
“No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world.”
He’s definitely not shouting about it, although even if he were I doubt western media would report it. I sure wish he’d back the ruble with gold or silver, that might help to take the pricing mechanism out of the criminal banksters hands.
First I’ve heard that he was selling for gold…
Posted by treefrog
@ 14:58 on June 5, 2018
Posted by ipso facto
@ 14:37 on June 5, 2018
Grandmaster Putin’s Golden Trap
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period.
cont. https://www.gold-eagle.com/article/grandmaster-putins-golden-trap
Posted by Richard640
@ 13:08 on June 5, 2018
The Smart Money’s Bailing As Market Complacency Surges
The turbulence throughout the markets last week – thanks to Italy – has given investors their first taste of a frothy summer.
Especially the ‘smart money’- they’re bolting for the exits…
The Smart Money Flow Index (SMFI) is a leading-indicator in markets. That means when the SMFI drops sharply, usually the equity markets are right behind it.
And we haven’t seen the SMFI drop this much since the Great Recession of 2008 and the 2001 Recession. . .
What’s going on?
Last week I wrote about the forgotten economist – Hyman Minsky – and his excellent work about the Financial Instability Hypothesis (FIH), which details how an economy shifts through three stages.
From lowest risk to highest risk the stages are: hedged, speculative, and ponzi.
But probably the most important takeaway from the FIH is this simple sentence. . .
The periods of low volatility and market calm are the seeds for high volatility and market chaos in the future; then back the other way around.
Posted by ipso facto
@ 13:04 on June 5, 2018
Will Trump Fire John Bolton Next?
After he nearly scuttled the historic talks with North Korea by hinting that Kim Jong Un could face a fate similar to former Libyan leader Muammar Gaddafi, National Security Advisor John Bolton is being sidelined by President Trump ahead of the historic June 12 summit in Singapore, CNN reports.
According to the report, several senior administration officials have lost their patience with Bolton and his hawkish approach to North Korea, including Secretary of State Mike Pompeo, who has pushed to limit Bolton’s role in the upcoming summit, saying it would be “counterproductive” for Bolton to attend certain Oval Office meetings.
Like Trump, Pompeo was reportedly livid following Bolton’s now-infamous Fox News Sunday interview, and in an angry confrontation Pompeo accused the moustached neo-con of trying to scuttle the talks for his own selfish reasons.
https://www.zerohedge.com/news/2018-06-05/feud-between-mike-pompeo-and-john-bolton-intensifies-ahead-north-korea-summit
Posted by ipso facto
@ 13:01 on June 5, 2018
I think the cretins are going to have their hands full getting silver under $16. Prix
Posted by Richard640
@ 12:48 on June 5, 2018
Posted by Maddog
@ 12:38 on June 5, 2018
Posted by goldielocks
@ 12:33 on June 5, 2018
Sent mine in but don’t know what good it will do when we have such a high amount of second third gen immigrants from everywhere that will vote for open borders. Keep that in mind other states. They now outnumber us.
Posted by Maddog
@ 12:17 on June 5, 2018
The Italian/German 10 yr spread has widened by 14.70 % again today so far….and Italian 10 yrs are up 10 % with the 2’s up 43 % on the DAY
https://www.zerohedge.com/news/2018-06-05/italian-bonds-banks-are-blowing-out-again
Posted by deer79
@ 11:53 on June 5, 2018
I totally agree with your post re. World stock and bond markets. The cretins will do WHATEVER it takes to keep the game going.
Posted by ipso facto
@ 10:40 on June 5, 2018
Giant mine spewing waste for decades turns into battleground
Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.
The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport’s current contract with the government. But recently, after more than a year of tense negotiations over the terms of a new deal, Indonesia suddenly changed the rules: The Grasberg mine in the highlands of Papua province would have to operate by heightened standards. It shouldn’t have been a surprise, really, considering most every other miner in the world has been forced or has elected to stop discarding tailings in rivers.
Freeport, though, has said that won’t happen at Grasberg. Chief Executive Officer Richard Adkerson has been blunt about it. “You can’t put the genie back in the bottle,” he said in April. “You simply can’t say 20 years later ‘we’re going to change the whole structure’.” Grasberg’s waste management, he added, has “always been controversial.”
cont. http://www.mining.com/web/giant-mine-spewing-waste-decades-turns-battleground/
Posted by ipso facto
@ 10:32 on June 5, 2018
Posted by Buygold
@ 10:26 on June 5, 2018
Meh, Italy is fine. Spain is fine. US Debt is fine. It’s all good, just look at the stock market…
Posted by Richard640
@ 10:16 on June 5, 2018
Posted by Buygold
@ 10:08 on June 5, 2018
looks like the summer doldrums are here. Just following the spring, winter and fall doldrums.
Posted by Mr.Copper
@ 10:05 on June 5, 2018
My guess its an artificially low stealth official cheap price so foreign people and banks can continue sucking away our gold. US citizens are constantly turning in old jewelry cheap, and away it goes in bar form. The rest of the world has been for 100 years a blood sucking leach on the USA.
Posted by Richard640
@ 9:57 on June 5, 2018
What Patel says makes sense.
However he runs under the same assumption so many of us have run on for the past decade, and done so to our detriment.
He still keeps using this word “market” but as the central bankers have shown us over and over again … they will break any law, bluff and lie, jawbone and deceive yo keep their system going.
Does India need us $1 trillion stat or they blow up the world? The fed will, behind closed doors print it and wire it to them.
Crisis averted, everything is fixed.
No my friends, until a big actor repudiates their debt publically so it’s out in the open — this keeps going.
**************************************************
In one of Bridgewater’s latest Daily Observations authored by co-CIO Greg Jensen, the firm writes that “2019 is setting up to be a dangerous year, as the fiscal stimulus rolls off while the impact of the Fed’s tightening will be peaking” a point echoed yesterday by the head of the Indian central bank, Urjit Patel, who warned that unless the Fed ends its balance sheet reduction which comes as a time when the Treasury is soaking up dollar liquidity by issuing substantial amounts of Treasuries to fund the Trump budget, the tightening in financial conditions could lead to a global conflagration started by emerging markets.
Posted by ipso facto
@ 9:43 on June 5, 2018
British School Forces Boys To Wear “Gender-Neutral” Skirts Instead Of Shorts
A private secondary school in Oxfordshire, England is banning its male students from wearing shorts during the summer months, and is instead requesting that they wear a more “gender neutral” ensemble that includes that staple of men’s athletic wear: The skirt.
According to the Daily Mail, Chiltern Edge Secondary School’s rule change comes after an unfavorable ruling by a government agency tasked with overseeing educational standards.
School leaders said the skirts were a “more formal” alternative to shorts, regardless of how uncomfortable they might make male students at the school.
Unsurprisingly, parents are complaining about the bizarre school dress code, which is part of a larger trend of schools adopting “gender neutral” uniforms to make transgender students feel more at home.
cont. https://www.zerohedge.com/news/2018-06-04/uk-secondary-school-forces-boys-soccer-team-wear-skirts-instead-shorts
Posted by ipso facto
@ 9:28 on June 5, 2018
Pure Gold Intersects 57.1 g/t Gold Over 22.1 Metres at Madsen
https://finance.yahoo.com/news/pure-gold-intersects-57-1-103000847.html
Looks like infill drilling
Posted by Maya
@ 4:08 on June 5, 2018
Posted by Maya
@ 3:59 on June 5, 2018
Lava enters Kapoho Bay this morning. By afternoon the lava has filled the shallow bay.
Courtesy USGS.
Posted by macroman3
@ 23:35 on June 4, 2018
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