any algobots in Asia.

8:48p ET Monday, September 10, 2018

Dear Friend of GATA and Gold:

Market analysts who chart prices with a mystical belief in the predictive power of “waves” and “candlesticks” might come closer to reality by wondering whether the derivative chart is exerting more powerful magic with the help of entities authorized to create infinite money and deploy it in secret.

The quarterly report from the U.S. Office of the Comptroller of the Currency showing bank trading revenue, published today and called to GATA’s attention by our friend J.H., contains a remarkable graph showing the increase in the notional value of precious metals derivatives held by “U.S. commercial banks and savings associations” quarter by quarter since 2001.

These derivatives, according to the chart, have increased from about $2.5 billion at the end of 2001 to nearly $50 billion in the quarter ended in July this year.

The chart is excerpted from the report at GATA’s internet site here:

http://www.gata.org/files/PMDerivatives-Q2-2018.pdf

Investment houses that have put their clients’ money into the monetary metals and the companies that mine them might do well to inquire too if they ever became more interested in creating value for shareholders than mining them for management fees.

I’d like to think that Hawaii is well prepared.  We’ve certainly had a lot of practice! 🙂   Tomorrow when the rain starts in earnest, I need to remember to write down the ‘start’ reading on my electronic rain gauge so I can get an accurate storm total.  I forgot to do that with the last hurricane and regretted it.  My best estimate was approximately 30 inches here for hurricane Lane.  We will see how Olivia rates on the “Treefrog Hurricane Scale”

Wet

Wetter

Wettest

I think the Hawaii is better suited for preparedness than the states. That’s probably why they don’t mention it so much less it’s a bad one. Either that or because they can’t get off the subject of Trump. It’s like a soap opera now.
Then the left says he’s getting distracted. Wonder why? They had nothing to do with it. The left media is like having to bring unruly rude screaming kids to work with you.

Flags a-flying across the Kansas prairie.
http://www.railpictures.net/photo/666881/

Now a tropical storm at 70 mph, has it rolling over Maui & Molokai islands.

We are under a Tropica Storm Warning.  This one may affect Honolulu more than the Big Island here.  But we’re all going to get a lot of rain.

Is in for a whipping

So a lot of motorcycle riders here. Nice bike too. Those raised seats in the back can make it windy though.
Right now after this morning sitting outside my daughters house wondering where she was since her car was there and then seing a motorcycle driving down the street toward the house then, that’s my daughter!! Takes after her dad. Now I kinda wish they never invented them. Traffic is bad and crazy here.

Ps he told me when she was a baby she’d be riding one some day.

R640,

i had a ’02 bonneville america for several years much like the one pictured here.  it looks a lot like the bonnie speedmaster you posted.  i loved it, but following a broken neck in a car wreck, the doctor persuaded me i was too old and patched together to be riding motorcycles.

the new speedmasters look like they took the americas and restyled them – fenders, sissy bar, tank badge, chrome air filter etc. are changed, but the dna shows a clear link.

It’s amazing some us are still alive. I got a lot of tickets in the early 70s because of that. I remember these two big tough looking cops went up to me and as pizzed as they were said I can’t believe you hit that corner at 50 miles a hour and what I REALLY can’t believe is you passed US to do it. After I left I wonder if they were thinking I can’t believe I didn’t give her a ticket lol
Seeing accidents in hospitals slowed me down on motercyles cuz of emphathy but for some reason not cars till I had kids.
My Ex departed was so mangled they had to use a crank without pain meds in those days to straighten his legs.
Think there’s a time when there’s something we shouldn’t do anymore. Can’t get my head around surfing though but cycles I don’t miss anymore. Kind went with the speed on mountain curves.
Have a friend who lived in Hawaii now in Oregon in heart failure thanks to the VA who went surfing two weekends ago in Oregon. Water really cold in Oregon. With heart failure you should stop. Luckily it went fine this time.
Think it’s that reverse psychology, when your not supposed to or can’t do it anymore you want to do it more cuz it makes that clock start ticking thing you don’t have much time left to be able to do it anymore when you probably shouldn’t already stop now.

I like that show too. Watch it often. Re the 4 cylinder Honda 750 cc. A friend of mine bought a new one back in the day. It was very smooth and quiet. He went cross country twice with it. NY to Ca.

I remember back in the good ole muscle car days, 1962 to 1970. There were plenty of great fast bikes on the road in those days. During that era I drove a ’63 LeMans and a ’69 Camaro and remember drag raced a few. They were very fast.

Speaking of British bikes, has it ever occurred to you what might be the origin of my handle?  I had this discussion with Mr. Copper back on GE.  He wondered about it.  I have a few old ones myself: a couple of late sixties Triumphs; couple of Beezers; a ’74 Norton Commando.  None currently running, but I have plenty of parts, and one of these days…

1956 Harley 2 stroke, cool little bikes. I can no longer ride bikes less a three wheeler due to nerve damage In lower legs can walk but not enough strength in them to steady a bike but think I could handle that one. Maybe lol
I hooked my ex up with a Indian but don’t remember the year. I knew a American Indian who had stuff like American pickers who had it and it was all there but disassembled so he got it cheap and put it back together and ran fine.

Now, you might fairly say “Well – silver’s COT chart was also strongly bullish back in the Spring, looking similar to now, and nothing came of it – worse it turned out to be a trap.” True, but there was one big difference, which was that gold’s COT was definitely not bullish back then. Now, as we will see below, it most definitely is, and gold therefore looks set to rally along with silver. Gold’s latest COT chart shows that the Commercials are starting to go long for the first time since at least 2001. This is a very bullish indication indeed and gives added weight to the strongly positive COT and Hedgers charts for silver.

R640  your bikes sound very cool …….

I have a

1998  BMW R 1200 C (used)

I also have a

2009  Triumph Bonneville T 100  865 engine with peashooter mufflers  (new)

Them  bikes need a lot of parts

Winedoc

I had a 1956 Harley 165cc cycle–with a 2 stroke engine–next bike a 1966 BSA Super Road Rocket [red]–most beautiful lines of any bike ever built–next a 1973 4 cylinder Honda 750 cc…U had bikes?

James Mc…

Bill,

Lose/lose, via the cartel

For the past 3 months there have only been 2 possibilities when trying to trade the gold and silver markets. One option is selling a deeply oversold market; the other is trying to catch a falling knife. I have no desire to participate in such a lose/lose scenario. Sure, silver can fall to $13, and gold to $1130, but why tempt fate when the RSI has been in the teens and 20’s forever? On the other hand the relentless selling has repeatedly obliterated what looked like promising entry points. Besides that, 85% of the PM’s time has been spent in a coma, so why bother, unless you’re an algo churning mega-volume for pennies? 

Let’s see if this week’s series of economic news events bring anything different than the big nothingburgers of late. Snowball in hell describes gold’s chances on hotter than expected PPI/CPI figures.

Next up: October gold op. ex. & first notice days in another 2 weeks. Sub-$1200 the cartel goal? History says YES. Maybe it’s the 6″ of rain we’ve received around here but the gloom feels palpable. Something has to give, and hopefully SOON.

James Mc

Still stacking Phyzz ……. and checking in periodically……. my PM stocks suck ……

So I am not along in some kind of shared misery ……..

Plus, I don’t trade …….

Motorcycle parts,  well …..  Im buying a  little more aggressively than my usual program  of once every couple a months

…….. at my own peril

But what do I know ……        I’m just The Winedoc

Onward Pilgrims

Up in the Great White North a 1 oz Gold Maple  is still $1750  CDN …….

I could see being optimistic if you had a lot of cash on hand after 2008. You could buy those boats on fire sale. Same with housing.
Many parents were helping kids and grandkids after even if they were still okay it was still affecting their finances. A lot of jobs like a domino effect just went poof.
Wage inflation, that’s pure arrogance. As long as it wasn’t causing cost inflation.
It’s like saying we don’t want you making too much money plus a excuse to raise interest rates.
I was pretty clueless with those things back then. Definitely more focused on living for the day. I think it’s all the evil it opens your eyes to and how that evil, ego and greed can have a negative effect on so many others.

Roger all that thank you. Again good points. I’ll never forget the 1970s, The Bozos That be were hell bent on lowering the wages. One group took the Dollar off gold, the dollar dropped, Oil went up, workers got pay raises to stay even.

The other group, blamed inflation on the high wages. Two time I remember wage and price controls. Then they started raising rates to 20%, off shored jobs, started importing for mathematically lower prices. The future looked bad to me back then. After the 2008 I got optimistic. But its too slow evolving, too little too slow.

TPTB may know something we all don’t know, and seem to be in panic mode, cheerleading and jaw boning this so called “booming economy”. It ain’t JUST Trump involved. I think there was a “split” of some kind in the PTB group.

Ps You and Ororeef show some fields were tough if your your own boss. My father had the same problem in Steel. It killed him then his partner.
Guess you can be glad your still alive.
A freiend who worked for the gov said I should of too. Thing is I told him and his wife that maybe but I would then be a problem with the debt today to have to pay all those pensions.
Years ago the medical field wanted me first when younger to go into medical law inforvement then the Veterans. I did on call law enforcement but face them you probably as well as I got paid better at that time but the benifite and retirement were better but when young and investing ” before cashes” you probably felt you had more potential and did although your buyers didn’t. Now theyre getting paid more but so is the struggle of states to pay their benefits.
What do you mean you have papers of past in front of you? You better not have s gun too lol That was a worrisome statemt.