Mr.  Natural… oh, boy, you’re taking me back…a long time.  And the Furry Freak Brothers.  College days in the early 70’s.

Under a new mining code, companies operating in Mali will be protected from fiscal changes for 20 years, down from the previous “stability period” of 30 years, the mines minister said late on Thursday. Mali had previously proposed a 10-year stability period. “We have to consider that the research phase can take at least seven, eight or nine years,” said Mines Minister Lelenta Hawa Baba Bah

https://finance.yahoo.com/news/malis-mining-code-sets-stability-132245048.html

In my opinion? When Gold goes to $5,000 or more the Gov’t itself will announce it and make it happen. That would be to restore HIGH value to each new dollar. A reversal of losing value for 100 years. Its time to restore the value.

When they announce $5500 or $8500, everybody and the brother will be turning in their gold. For new dollars. And those people will be the new wealthy smart leaders of the country. Money is power.

Whoever has the most physical gold to turn in, at that time, will be the new “Bill Gates” or “Warren Buffett” of the USA. Even little people with only 100 0ounces of gold  ($550,000-$850,00) will be happy.

James Mc… 

I can’t imagine them letting gold do anything up to NFP on Friday. How bizarre that in the midst of trillions in emergency spending and an economic crisis like no other the gold RSI is now approaching OVERSOLD.

You couldn’t have a more managed, algo-driven situation. How on earth is this “price discovery”? Whenever I hear talk of gold “prices” they most certainly ignore this OBVIOUS rigging into account. Of course if you follow the Great Guru Bubba you aren’t troubled by any criminality, and gleefully take any of his reco’s, many of which have been dead WRONG btw. As they probably say around the JPM bucket shop, boys will be boys, and algos will be algos. 

If there was any true price discovery going on it would be reflecting headlines like these: 

Comptroller Warns 1 In 5 Jobs Will Evaporate As NYC Faces Biggest Crisis Since Great Depression

Illinois Delays $1.2 Billion Bond Issue. Will It Tap New Fed Bailout Program?

TBAC Sees “Perfect Storm” In Bond Market, Warns Flood In New Debt May Impair “Market Functioning”

“Unprecedented” – Companies Slashed Over 20 Million Jobs In April, ADP

Unimaginable U.S. Jobs Report Takes Center Stage: Eco Week Ahead

These are the headlines of a Fed on the road to $100T of money creation. The most catastrophic economic global event in centuries, if not millennia, should have gold up 500% instead of a mere 10-15%. 

Trading volume in both metals remains miniscule. Gold finished yesterday at 211K, silver at a rock-bottom 35K.

They can run on sailboat fuel.

Maybe they can run their jets on wind power. It’s very windy at 30,000 feet! 🙂

Insanity!

http://schrts.co/rsMcEdNa

Macron Govt Demands Air France Go Green to Get Bailout Cash

https://www.breitbart.com/europe/2020/05/06/macron-govt-demands-air-france-go-green-get-bailout-cash/

…behind the scenes.

This would be the death blow in the unstated / covert war presently being perpetuated on America and Christians…WW666.

Have a nice day.

This germ situation is far worse that smog. All the countries are polluted. With germs. If you don’t like Smog you can just move. If society in general doesn’t like dirty air in the future they should mandate 1 to 2 acre for residential housing developments, and no more sky scrapers.

There is PLENTY of land to spread out the population. Probably even in Europe. Big cities multi story buildings, imo are barbarous relics. Even 5 acre zoning would be perfect. Why have all that unused wasted land?   People have to make up their mind, what they want. Can’t have both.

I remember years ago TPTB rep, ago Al Gore HATED urban Sprawl they called it. Wanted to keep us on “reservations” to respect animal habitat rights. Even to this day, villages and towns are MINDLESLY promoting denser population in suburbs.

TOD they call it. Transit Oriented Development. Putting up 4 story apartment monstrosities near rail road tracks. To glean more property tax per square mile. So they can pay the middle class cops and teachers etc. While the under class taxpayers are not middle class, so they need more lower paid bodies’ to pay the tax absorbers.

But these days? The US Gov’t itself is not bringing in enough tax money, and the “credit card” is still working.

Yes it’s ridiculous.

The boys in NY will say or do anything to get what they want.

Cheers

It wasn’t and I sold at 7.91–made a c-note….one scenario I can envision is PMs DON’T bounce today and close near their lows–then have the usual 9:30 to about 10:30 opening plunge–which I buy and hopefully have enuff cushion to take home with me…the report tomorrow-which EVERYONE  knows already comes out and gold rallies…doesn’t really make sense but this is the Kabuki gold is required to make before and on the day of the jobs report…silver is the diagnostic clue that no serious corrction is starting…silver is golds life vest…also of positive note is that the $ has trimmed its gains and is only up a non-lethal .300.

“I thought the ADP was better than expected?”

LoL yep the ADP was only 20.2 million job losses vs the 20.5 million expected. The SM should be flyin! 🙂

I put some stink bids on AG and KGC but they haven’t really accommodated.

This selloff in gold might be another one day wonder…

A shaking of the tree…

After the 2008 financial crisis, and Bernie Madoff getting caught, I posted to everyone that everything was going into reverse mode.

Quote:

“If you are getting away with something, that you should not be getting away with, because of prior liberal progressive leniency and permissiveness, and unqualified gov’t officials looking the other way, you better stop before you get caught” Mr. Copper 2009.

Plenty of big shots in big places including state gov’t positions in my state have been getting caught doing all kinds of corruption they got away with for DECADES. The liberal global progressive crime family conniver PICNIC is OVER since 2009. They were progressing in the wrong direction. We should all be happy.

Has anybody noticed Gold is holding $1700????? And THEY, the Connivers, aren’t getting away with bashing Gold down anymore? A Conniver: To cooperate secretly in an illegal or wrongful action; to collude:

The past decades, there was too much permissiveness, ahh don’t execute him, he had a troubled childhood. Ahh, who cares if there is too much sex drugs and violence on TV and movies and demasculinized boys shoot up a school yard, just get angry at guns, ahh who cares if Bernie Madoff is running a Ponzi scheme, everybody is happy with the high returns.

Ahh, who care about the US Dollar losing 90% of its original value since the Worlders or globalists took over the US financial system in 1913. Who cares about a $22 trillion national debt, and we add another $4 trillion. Has everybody is happy?  How much longer will “they” the Fed get away with this?

I suspect THEY know the end of the game is near, so they have nothing to lose at this point, so they are going THROTTLE UP, and let what wants to happen, happen. Don’t be surprised to see a whole new brand global financial system, after the “Credit Card” gets frozen.

silver–the anchor–barely down or up a bit–gold is trying to base–as it has the oast 3-4 days–before it claws its way back up

https://futures.tradingcharts.com/marketquotes/DX.html

In 2015, London-based trader Navinder Singh Sarao was arrested following allegations of market manipulation that resulted in the Flash Crash. According to the charges, Sarao’s trading algorithm executed a number of large selling orders of E-Mini S&P contracts to push the prices down, which ultimately triggered the market crash.

“a cancel if close function, so that an order is canceled if the market gets close.” on software.

Sarao was trading E-mini S&P 500 futures contracts, but he wanted a more convenient way to not trade them, so he e-mailed his FCM (futures commission merchant, i.e. broker) for help automating that. The idea is that he would put in a big order to sell a whole bunch of futures at a price a few ticks higher than the best offer.

So probably he wouldn’t sell any futures, since he wasn’t offering the best price. But he had to keep constantly updating his orders to keep them a few ticks higher than the best offer, to make sure that he didn’t accidentally sell any futures as the market moved. And that’s a bit of a pain, so he programmed an algorithm to do it for him. Though he also seems to have done similar things manually, to support the algorithm’s efforts, or to stave off boredom while the algorithm did its thing.

Guy Trading at Home Caused the Flash Crash

I thought the ADP was better than expected?

Chuckle

Game changer: German scientists find antibodies that BLOCK coronavirus from spreading further

https://www.rt.com/news/487880-german-scientists-coronavirus-antibody-treatment/

That may be a factor however, watching the market for many years on days which there is a bad employment report it sure seems like 9 out 10 the PMs will be hit.

This is likely the PPT at work. Can’t have an alternative to the dollar can we. No gold market acceleration is allowed.

Cheers

The reason PMs are falling on this news is idiot ETF specs came in yesterday and bought a shit load of calls and they are about to get sheared.

The machines are at work.

If there were three times as many puts as calls, like the broad stock market ETFs, which is why those futures are up, this would not be happening to PMs.

Cheers

https://jrnewsminer.blogspot.com/2019/02/9-lessons-in-mineral-exploration-from.html

RIP David Lowell