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@ Capt. Hook – “it will blow up on them this time around”

Posted by drb2 @ 10:43 on September 13, 2019  

God, I hope you are right.  But I have trouble seeing why.   What/ who will stop them?

Going back to previous posts regarding JPM huge physical stash.  Butler cannot accept that JPM would use their stash to control the price instead of using it to profit.    Why can’t they can do both?

Besides, their connection to the fiat machine dwarfs any “profit” from selling silver.

Who knows – maybe the cause is hopeless – they are too powerful

S&P to infinity and beyond

PS: as I type it seems they have triggered PM stops – look out below  🙁

 

Skeena getting some love on the venture exchange

Posted by ipso facto @ 10:19 on September 13, 2019  

5 times average volume so far and the day is young.

Buygold @ 8:34

Posted by Captain Hook @ 9:57 on September 13, 2019  

Ya they are back to treating silver like their whipping boy again.

It will blow up on them this time around.

Cheers

Has everyone voted in the poll?

Posted by ipso facto @ 9:51 on September 13, 2019  

Portugeezer

Posted by ipso facto @ 9:44 on September 13, 2019  

Looking good. I’m sure you’re looking forward to your first guest!

The wisdom of Joe Biden … yes it’s true he could be President. Scary

Posted by ipso facto @ 9:42 on September 13, 2019  

Moderator Lindsay Davis began by referencing comments Biden made “some 40 years ago”. She said:

In a conversation about how to deal with segregation in schools back in 1975, you told a reporter, ‘I don’t feel responsible for the sins of my father and grandfather, I feel responsible for what the situation is today for sins of my own generation and I’ll be damned if I feel responsible to pay for what happened 300 years ago.’

“But as you stand here tonight, what responsibility do you think Americans need to take to repair the legacy of slavery in our country?” she asked the candidate.

“Look, there is institutional segregation in this country and from the time I got involved, I started dealing with that,” Biden responded. “When you talk about education, I propose that what we take is those very poor schools, the title one schools, triple the amount of money we spend from $15 to $45 billion a year, give every single teacher a raise to get out of the $60,000 level.”

“I’m married to a teacher. My deceased wife is a teacher,” Biden went on. “They have every problem coming to them. We gotta make sure that every single child does in fact have three, four and five year olds go to schools, not daycare, school. We bring social workers into homes to help them deal with how to raise children. It’s not just that they don’t want to help, they don’t quite know what to do.”

“Play the radio, make sure the television — excuse me, make sure you have the record player on at night,” he added.

https://www.zerohedge.com/political/bidens-record-player-moment-response-slavery-question-stirs-outrage

The Philippines … not the best place to be a gold miner

Posted by ipso facto @ 9:16 on September 13, 2019  

OceanaGold Corporation – Philippines Court of Appeals Sets Hearing Date for Injunction

MELBOURNE, Sept. 13, 2019 /CNW/ – OceanaGold Corporation ( TSX: OGC ) ( ASX:
OGC ) (“the Company”) informs the Philippines Court of Appeals in Manila (the
Court) has set Wednesday 18 September 2019 as the hearing date for the
Company’s application for a Writ of Preliminary Injunction (“Injunction”) as
part of the Company’s appeal against the Nueva Vizcaya Provincial Court ruling
denying its request to end the unlawful restraint of operations.

Since 1 July 2019, local government units from the Province of Nueva Vizcaya
have impeded access to and from the mine site in response to an unlawful
directive from the Governor to ‘restrain any operations’ of the Company. The
Company maintains the regulatory authority over the Didipio Mine rests with
the National Government. The Local Government Code of 1991 (Republic Act No.
7160) does not grant the power or authority to the Provincial Governor or any
local government officer to restrain any aspect of the Didipio operation.

more https://www.bloomberg.com/press-releases/2019-09-13/oceanagold-corporation-philippines-court-of-appeals-sets-hearing-date-for-injunction

R6

Posted by Buygold @ 9:13 on September 13, 2019  

Yeah, we’ve been kind of dodging bullets where gold has been concerned the last week or so. Today feels like it will be more of a slow bleed type day unless the boyz come in with a big couple billion notional dump at an opportune time.

So….we wait for the turn.

edit:

Look at how ZeroHedge spins this negative:

Core Retail Sales Disappoints, July ‘Web Sales’ Downwardly Revised

Along with record high stocks, sounds like the perfect time to cut rates.

The great Mike. Ballinger yesterday on Twitter

Posted by Richard640 @ 8:54 on September 13, 2019  

Image

Buygold–I’m surprised gold isn’t down 10 or 15…there. is-at least-a bid…for now…silver is stinking. up the place…

Posted by Richard640 @ 8:48 on September 13, 2019  

Morning R6

Posted by Buygold @ 8:43 on September 13, 2019  

Yeah, I fell for the ole’ US – Zimbabwe comparison early on in my gold investing days. We will never be Zimbabwe or even Japan. We’ll probably have a currency devaluation at some point but we’ll be the last ones to do it.

Old Buffett was right about not betting against the US.

Oh well looks like the mission is to close us below the magic numbers today.

 

Must’ve just had some Economic News

Posted by Buygold @ 8:34 on September 13, 2019  

Looks like we got the obligatory smackdown in pm’s

Should end any hope for a happy ending to the week.

Buygold–I guess. u r right–Japan has been printing for 30 years and they r not Zimbabawe

Posted by Richard640 @ 8:33 on September 13, 2019  

Anyone have. an. idea why the. dollar. has been down?  I. don’t….yes, gold was up $26. and totally reversed…and gold was. up  7.50. 2 minutes ago–now up 4.20 cause retail sales came out. up .4 v.s. .2 expected…but ex-autos it was zero…no. great. shakes but any ole excuse to hit gold

Feels like China is caving and the trade war may be winding down

Posted by Buygold @ 8:21 on September 13, 2019  

In Show Of “Goodwill”, Beijing Exempts US Pork, Soybeans From Trade-War Tariffs

Beijing confirmed on Friday that it would indeed encourage state-owned companies to begin “goodwill” purchases of US soybeans, pork and other farm goods…

Morning Ororeef, R6

Posted by Buygold @ 7:34 on September 13, 2019  

Ororeef – thanks for the comeback. 🙂

R6 – with regard to Northman, why exactly can’t they do QE to infinity forever? I would argue that it has worked to a degree through gov’t borrowing and spending. It’s all monopoly money, they try to pay the interest on the debt that will never get repaid. Which of course is why Trump is arguing for 0% rates. Unlimited monopoly money at no cost.

So….while yes it has inflated assets that benefit fewer people, and created a greater wealth disparity, it has also helped to create jobs through gov’t. spending. As long as people believe monopoly money has value in exchange for real stuff. The illusion and QE can actually go on forever. JMHO.

Looks like we’re going to try to go higher. I think we tried that yesterday too.

Gold Train

Posted by Maya @ 3:43 on September 13, 2019  

rrflasher-copy

The Wisconsin & Southern, heading home
to the marshes of Horicon.
https://railpictures.net/photo/707830/

 

Richard 22:39

Posted by goldielocks @ 1:04 on September 13, 2019  

Is it JPM wanting control of silver or a someone in our gov using JPM as a holding trust. Bear Sterns to my understanding was the major holder till the 08 crash. Then rumored by gov influence at that time JPM was chosen or made to take over.

What I’m getting at is it JPM who dictates the supply or price or someone else telling them?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.