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China Devalues !

Posted by Ororeef @ 23:39 on August 10, 2015  

Who knew ?   Next thing ya know the US will do likewise ..not to look like a fool the US has to do the same   …against WHAT  ?

haha   Whats left ?

Soaring Pork prices will only get worse if they devalue  ..imports get MORE expensive from thier American held Pork Producer

Smithfield FOODS of Virginia  …Whats a chinaman to do ? Stop eating Pork Chops ?

Obamas Vacations….NOT !

Posted by Ororeef @ 23:35 on August 10, 2015  

He goes up there to get instructions from his Puppet Masters  …ITS      What do I do NOW ?   Time  !

If he had a brain he’d be dangerous..He’s a mouthpiece lawyer  without a brain !  An empty SUIT !

WHAT DO I DO NOW ?          Do I blame everything on “climate change”  ?  they are laughing at me !

Do I blame my daughters asthma on Climate change while I smokey smokey   my cigarettes in the House to calm my nerves  as my daughter

breathes in my cigarette smoke …..It dosent wash anymore  ..there on to me !   TELL ME WHAT TO SAY !

I need my teleprompter !   All these vacations are arousing suspicion  !

 

Adios China the savior

Posted by Buygold @ 22:36 on August 10, 2015  

China Enters Currency War – Devalues Yuan By Most On Record

Tyler Durden's picture

As we first warned in March, and as became abundantly clear over the weekend when weaker than expected export data as well as the steepest decline in factory gate prices in six years underscored the extent to which the engine of global growth and trade has officially stalled, Beijing has no choice but to join the global currency wars, as the yuan’s dollar peg will ultimately prove to be too painful going forward. The renminbi has appreciated on a REER basis by double digits over the past 12 months, weighing heavily on already depressed exports. With multiple policy rate cuts having proven to be largely ineffective at resurrecting the flagging economy, the PBoC, despite the notion that this represents a “one-off”move, has been left with little choice. The bottom line: the danger posed by the country’s deepening economic slump now definitively outweighs the risk of accelerating capital outflows – especially after the latter moderated slightly in Q2.

As we noted over the weekend, “one can repeat that the PBOC will have to lower rates again until one is blue in the face (even as out of control soaring pork prices make it virtually impossible for the local authorities to ease any more), the realty is that Chinese QE is now inevitable. Why? Because while the government is already clearly buying stocks thereby validating the “other” transmission mechanism, the only thing the PBOC still hasn’t tried is to devalue the yuan. As global trade continues to disintegrate, and as a desperate China finally joins the global currency war, it will have no choice but to devalued next.”

Maddog

Posted by Buygold @ 22:00 on August 10, 2015  

More normal market action

24 hr gold chart

Just effing hilarious – poof!

 GOLD 08/10/2015 21:58 1094.90 1095.90

-9.20

-0.83%

 SILVER 08/10/2015 21:58 15.13 15.23

-0.10

-0.62%

Arrivederci 1100…it was good knowing you.

Posted by Maddog @ 21:49 on August 10, 2015  

10 bucks lost in 30 mins and counting….

There never shall be any follow thru.

OK then, we shall see…

Posted by Buygold @ 21:33 on August 10, 2015  

My Dear Extended Family,

After today’s news on Greece getting financial aid, the imminent demise of the Euro in terms of market expectations is behind us. That being true, the dollar rally is now challenged. With the dollar rally challenged the general commodity market decline should decelerate and end.

As a result of all the above, the downside in the price of gold is very modest here while the upside of the first rally back into the bull market takes gold above $2000. Timing from here may be quite compressed.

Standing watch,
Holter-Sinclair collaboration

 

Not hard to understand

Posted by ipso facto @ 21:28 on August 10, 2015  

New figures published this week suggest that an increasing number of France’s top earners are leaving the country, with some observers blaming high taxes for the rising “wealth drain”.

A total of 3,744 people who earned 100,000 euros per year or more left France in 2013, a 40 percent increase compared to 2012, French financial newspaper Les Echos revealed citing figures from the national tax-collecting office.

Furthermore, 659 people who earned 300,000 euros or more annually said ‘au revoir’ in 2013, a 46 percent rise on the previous year. By comparison, the overall French migration rate in 2013 increased by only 6 percent.

The well-respected French newspaper highlighted that the figures were incomplete due to various bureaucratic issues, and warned that it would be dangerous to use it to draw any conclusions. However, the article coincided with the recent publication of a report from the New World Wealth consulting group that listed France third on a list of countries with the biggest outflow of millionaires. Around 42,000 millionaires left France between 2000 and 2014, according to the report.

Both reports have raised eyebrows at a time when France is still trying to claw its way out of an economic slump and reduce its worryingly high unemployment rate.

more http://www.france24.com/en/20150808-france-wealthy-flee-high-taxes-les-echos-figures

Ha Treefrog

Posted by Buygold @ 21:00 on August 10, 2015  

If it weren’t The Onion it actually could be believable!

Eeos

Posted by goldielocks @ 20:45 on August 10, 2015  

Sanders appears to support mandatory vaccines. If they become mandatory they will continue to add more and more on the list as well as mandate adults next by asPan said once he gets that mandates next they can refuse them but they can’t work.

Nevertheless their socialism and excusing antisocial behavior is coming back to bite them in the behind. They ignore rule of law, constitutional rights and setting the stage of losing respect. Two black activist came on stage basically assaulted him and took his microphone away shutting down his speech,

I just got blocked by Pans site yesterday. He put out a stie for help because of recall efforts in place. Besides his minions who followed all the post against him which was about 99 % he’s deleting all incriminating info on vaccines and blocking the posters and guess he doesn’t know or care that we might know each other or copies pasted the posts plus the emails. His site has minion followers or paid to spread propaganda,

They didn’t like some of our responses that contradicted their propaganda so would delete and block us.
The last question before I got blocked was a statement that autism is not really different than it was in 1980 when it was 1 in 10,000 now 1 in 68 and 1 in 48 in males it’s just better diagnosing. Already though in the dawn of school vaccinations trouble already starting. They were negating current toxins like BPA GMO vaccines and other toxins
I asked well if that was true ” diagnosing changes” then why are there not 1 in 68 adults now being diagnosed? Also as far as I know there are no studies of other toxic causes mentioned. That opinion is not science. They don’t like being caught in their lies.
By a activist.. You know how everyone keeps denying autism? Well here it is in this Vaccine Insert. FDA Admits Autism, page 11, on vaccine insert – Adverse events reported during post-approval use of Tripedia vaccine include idiopathic thrombocytopenic purpura, SIDS, anaphylactic reaction, cellulitis, autism, convulsion/grand mal convulsion, encephalopathy, hypotonia, neuropathy, somnolence and apnea. Events were included in this list because of the seriousness or frequency of reporting. Because these events are reported voluntarily from a population of uncertain size, it is not always possible to reliably estimate their frequencies or to establish a causal relationship to components of Tripedia vaccine. http://www.fda.gov/downloads/BiologicsBloodVaccines

triage

Posted by treefrog @ 18:59 on August 10, 2015  

http://www.theonion.com/article/experts-say-best-option-now-keeping-nation-comfort-50617

Experts Say Best Option Now Is Keeping Nation As Comfortable As Possible Till End

Well Maddog

Posted by Buygold @ 17:45 on August 10, 2015  

At least GDX was up on good volume. Course it’s OK for pm’s to be up when the SM is up.

We’ll see if we can put together a few up days but you know getting gold to go higher will be like pulling teeth.

Wake me up at HUI 600 and gold 1800

GS says sell … then buys. What a surprise!

Posted by ipso facto @ 16:42 on August 10, 2015  

The ‘Big Long’ – Goldman Sachs And HSBC Buy 7.1 Tons Of Physical Gold

Aug. 10, 2015 3:40 AM ET | 9 comments | Includes: GLD, GS, HSBC, IAU

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More…)

Summary
• On August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold.
• On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold.
• In both cases, the purchases are registered as being for the benefit of the bank’s own house account, rather than the accounts of customers.
• Investors should do as the banks do, not as they say.

Read more http://www.stockhouse.com/companies/bullboard/t.lsg/lake-shore-gold-corp/2?postid=24002367

GDX saw some real Chunky buying for once

Posted by Maddog @ 16:13 on August 10, 2015  

….Oil was well up but only from ridiculous lows… GLD/Au closed effectively 1 % up and that tells the World…we are in charge, which in turn tells us that as of tnght there is nothing much to worry about for the Scum…Dollar was weaker but SM flying, which allows rates to harden ..

So all in all. all is well in Scum world and HOW DID that new Swedish AuPair get past the 3rd Trophy Missus…that’ll teach her for spending so much time on her “Tennis”……

The sorry state of Internet ‘knowledge’

Posted by Alex Valdor @ 16:04 on August 10, 2015  

 

 

 

A troy ounce is over 14 POUNDS !!! of gold .

I’ll take immediate delivery of 10 ounces , please .

Troy Ounce

Redneckokkie

Posted by Maddog @ 15:38 on August 10, 2015  

Spot on 12 troy oz = 1 Troy Lb

https://en.wikipedia.org/wiki/Troy_ounce

Well ain’t that just the most amazing thing….GLD is back to @ a 1 % rise….Lloyd is still giveing us all the finger

Posted by Maddog @ 15:20 on August 10, 2015  

but of course really doing Gods work….

I am sure he enjoys all his stolen money..but when he does shuffle up to the Pearly Gates, hopefully still wearing his noose and his brown stained draws, the Gatekeeper will no doubt have different ideas, once he has finished wretching, about what he was upto and be none too impressed by his Roladex either, as in “I don’t give damn who you know, you little shit, it’s straight down for you”….and from then on life is gonna be more than a little warm.

Next Scum tgt is of course sub 1100 for Au.

Money supply & DOW

Posted by Ororeef @ 14:56 on August 10, 2015  

Money supply Vs DOWThe Main use of the Money supply is to keep the GDP moving steady slowly up ,if the DOw or S&P get too rambunctious with all that money ,the FED could raise margin Requirements  to curtail speculation without hurting the economy (GDP),which might be a good thing..

Fed Tools

Posted by Ororeef @ 14:36 on August 10, 2015  

gdp vs money supply mzm2Fed manages the economy with the Money Supply,economy falters ,increase supply..When its overpriced like the S&P & DOW are curtail the money supply  !  GDP ,Vs MZM money supply ..MZM is all money with ZERO notice needed to liquidate like cash! (NO TIME DEPOSITS)

Maya 3:25

Posted by redneckokie1 @ 14:29 on August 10, 2015  

Is sterling quoted at 16 oz to a pound? Troy weight is 12 oz to a pound ( I think) for .999 silver.

rno

No socialist needed

Posted by eeos @ 13:47 on August 10, 2015  

Hmm…You mean someone like Bernie Sanders? All the pro-union knuckleheads I know, love him. Or just anyone looking for a free lunch at someone else’s expense. I think there is a whole new generation who would elect this man in a heartbeat. Hopeless young people who don’t want to work for anything and just want other people’s spoils. Why work for it when you can elect a politician to rob people for your gain?

I had to hide a few people on Facebook until post election just because there’s been such a social media blitz of retarded liberal socialist quacks that can’t stop posting about this man.

If our country needs to go socialist, I need to be in a state that succeeds from the union

How much Gold did China accumilate ?

Posted by Ororeef @ 13:35 on August 10, 2015  

I dont have any numbers on how much gold china bought  ,but those that track where gold disappeared to estimate between the amount China reported and what was unaccounted for  was as  much as 5-35 times that amount reported  …Nobody knows for sure.

I used 5 times as a conservative estimate…

The US concern was to keep the Worlds Reserve Statis intact for awhile longer until the US economy improves .That wont happen as long as Obama is in office ,so two years time was needed and thats what the shorting of Chinas Stock Market accomplished ..Two more Years before they are accepted as a Reserve statis competator.

The next President is crucial to keeping Reserve Statis,NO Socialists needed…..

I refer you to Auandag @ 10:13  hehe

Ororeef

Posted by Portugeezer @ 13:25 on August 10, 2015  

“What happened was China took advantage of the Cheap  Gold and bought 5 times as much gold needed ,but only gave the  Currency board the 5% ?it needed to meet the requirements”

Have a quick look at this Ororeef:

https://en.wikipedia.org/wiki/List_of_countries_by_gold_production

An average of 300 tons per year would bring them to 3,000 tons over the last ten years.

Add that to the amount that China bought.

Did China talk to GATA or was it only Japan and Russia?

If China had 10,000 tons of Gold it would currently only be worth 352 Billion US$.

Nothing in Forex terms.

Now, the fed has 4 Trillion in issuance and Gold needs to cover that in a currency reset to balance the books, what do we get?

8,000 tonnes of Gold = 256,000,000 ounces

Divide 4 trillion dollars by 256,000,000

And you get €15,625 US$ per ounce.  Roll on that day!

China’s 10,000 tons would be worth €5 Trillion – that is more than China’s US Bond holdings by a long way.

China, Russia and Japan could pull the plug now and break the dollar. Right now!

JMHO.  Rich

 

 

 

 

 

 

 

GOLD..What really happened in my opinion !

Posted by Ororeef @ 12:48 on August 10, 2015  

What has happened is The US made a deal with China as a prelude to them joining in as a Main Currency dealer ..The deal was the US would keep Gold prices low (paper shorts)until China bought enough CHEAP gold to meet the 5 % ?of GDP requirements so they all would have the same % of their GDP in Gold as a basis to launch World controls on currency trading partners  .What happened was China took advantage of the Cheap  Gold and bought 5 times as much gold needed ,but only gave the  Currency board the 5% ?it needed to meet the requirements .So they made an announcement two weeks ago that China stopped buying Gold.Which was true as far as the Agreement terms were ,but China stored 5 times that amount in other Chinese agencys that were not required to have any Gold……Therefore the US was snookered by them into subsidizing cheap gold for far longer than needed..at the expence of Gold bugs…Just another example of how US Politicians sold out their own citizens gold buyers..  Just to get China as a member and their co-operation .Then US shorted their Stock markets and drove them back two years from being a competator as a World Reserve currency .So the FED engineered this deal to protect their Reserve currency statis at the expense of Gold buyers.  The Fed caused these Gold problems and NOW have no reason to hold Gold down as they got what they want ….They will keep the Dollar Reserve statis for a while longer..

took a couple hour break

Posted by treefrog @ 11:47 on August 10, 2015  

i took a couple hours away from the computer (to build a whelping box) and when i got back, wheeeeee!

re.. Auandag 10:49

Posted by islandgold @ 11:32 on August 10, 2015  

Hi Auandag ….

Thank you for that excellent post!  You speak to what has been my experience and seems to be a Universal Truth …..  People are either open to EXPLORE and or CONSIDER new understandings, beliefs, data, information… or they are not…  While we live in very dynamic times… people are not necessarily all that dynamic… and it is almost impossible to break through another’s belief system/paradigm for a multitude of reasons…  As you stated (and Jim Willie….  I do like his side observations as well) …  most people are highly resistant to change in any way UNTIL they hit the proverbial BRICK WALL and are externally FORCED to reconsider what is going on around and with in them…   All we can do is model, act and come from what we understand what is happening…  in time (and usually well after the fact) they ‘might’ ask for help…. and again… some will be grateful for you providing context to what is going on and others will listen in contempt… because that is their way too!!  All the great teachings have that component…  You can only change yourself… be the change you want to see in the world… and model it for others who might have eyes to see!!  Again… thanks for your perspective…

…. And I must confess I do know I have many a ‘blindspots’… stubborness…  like holding onto my PM shares way too long … lol…  I kind of ‘justify’ this as a short v. long term perspective!!  …  Again.. Thank-you…

 

ISPO FACTO 10:50 …  re Chemtrails….   I too live in the pacific NW and I have noticed that when they are not flying for several days… the sky does get bluer…  Also, I would agree when they are flying you will get chemclouds and they never produce any rain…

Islandgold..

 

 

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