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Ipso – Concur

Posted by Buygold @ 21:40 on October 7, 2017  

I somehow think Trump is well beyond looking like a fool at times. ūüôĀ

Still don’t think nuke war is in the cards, or even war with NoKo.

Methinks we’re getting played – fear porn 24/7

Buygold @ 19:39

Posted by ipso facto @ 21:32 on October 7, 2017  

Trump shouldn’t put himself in a box. It’s like Obama’s red line in Syria. If nothing happens after he says it he looks a fool, if he does do something ….. who knows where that ends!

One day Jim Rickards will get something right besides selling his books… LOL

Posted by Buygold @ 21:15 on October 7, 2017  

Jim Rickards: This Is The Only Russia Story That Matters

Russia‚Äôs desire to break away from the hegemony of the U.S. dollar and the dollar payment system is well-known… But Russia is pursuing other dollar alternatives besides gold…”

treefrog

Posted by Buygold @ 19:41 on October 7, 2017  

Glad you caught a break!

Agree, may not be as bad as the fearmonger’s actually say…

Fear porn bubbles up on ZH – Kabuki…

Posted by Buygold @ 19:39 on October 7, 2017  

Trump Hints At War With North Korea: “Sorry, But Only One Thing Will Work”

“Presidents and their administrations have been talking to North Korea for 25 years, agreements made and massive amounts of money paid hasn’t worked, agreements violated before the ink was dry, makings fools of U.S. negotiators. Sorry, but only one thing will work.”

nate about to make landfall.

Posted by treefrog @ 19:06 on October 7, 2017  

looks like it’s headed for biloxi or gulfport in mississippi, three hundred miles west of treefrog manor, give or take.¬† i just got a rain squall that may be the far fringe of one of the spiral bands.¬† nothing impressive here, and it doesn’t look like nate’s going to be one of the killer storms.¬† i just checked the poster locator and didn’t see any of us in south alabama, mississippi, or louisiana.¬† i think this one’s a wuss-icane.¬† there will probably be some downed power lines and trees blown over, but not a storm to remember. thank you, jesus.

Speaking on television on August 15, the Sunday before the markets opened, Nixon said the following:

Posted by Mr.Copper @ 14:36 on October 7, 2017  

The third indispensable element in building the new prosperity is closely related to creating new jobs and halting inflation. (Yeah right) We must protect the position of the American dollar as a pillar of monetary stability (US wealth redistribution) around the world. (for who? them)

In the past 7 years, there has been an average of one international monetary crisis every year…(huh?)

I have directed Secretary Connally to suspend temporarily (huh?) the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States. (huh?)

Now, what is this action‚ÄĒwhich is very technical‚ÄĒwhat does it mean for you?

Let me lay to rest the bugaboo of what is called devaluation. (right, gained value for imports, LOST value for domestic products, bad, sad)

If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. (lie lie lie ) But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today. (More Bull/S)

The effect of this action, in other words, will be to stabilize (subsidize other nations with industries instead of our  gold) the dollar.  

treefrog, drb2, Ipso

Posted by Buygold @ 14:32 on October 7, 2017  

Reuters and Rothschilds, yes, that’s why I put a question mark behind Reuters.

If they are actually referring to mined and smelted as official holdings that would be huge news. I read an article a few days ago that the Russians had also increased their gold holdings substantially.

https://www.gold-eagle.com/russia-increases-gold-holdings-kazakhstan-11th-month

I don’t think the Saudi’s have yet to accept currencies other than the USD for oil, but maybe I’m mistaken. If they do then the petrodollar is in serious trouble.

It’s really hard to get super bullish on gold with the state of the COT’s – maybe Kirby will end up being right and the big change happens overnight?

I have a really hard time believing the whole world will accept Bitcoin as a new reserve currency…

Nixon? I remember him as the corporation representative that went to China, for Outsourcing arrangements

Posted by Mr.Copper @ 14:03 on October 7, 2017  

Prior To That?? He/they took the US Dollar off the international Gold Standard. Because of protests. He/they were giving away our GOLD at $35 when privately it was trading at $140. Pro foreign  SCUMBAGS.

So after giving away half OUR gold, 1934 to 1971, he/they proceeded to remove or export or manufacturing businesses INSTEAD!! The foreigners can’t lose was the old plan from 1945 to 2008.

Where is NIXON when you need him the MOST.?

Posted by Ororeef @ 13:57 on October 7, 2017  

He was light years ahead of his time ..He developed the only workable  stratgy for containing N.Korea ,using China  and Russia  as counter weights .

It consisted of becoming more friendly with RUSSIA to keep China from joining them.  Then using China to control N.Korea  .

YES it was NIXON who developed todays only workable strategy…..most of YOALL are to young and DUMB¬† to know this¬† !

YEAH thats the same genius that the Democrats drove from office over a POLITICAL nothing created with media sound & Fury signifying nothing.

They wanted to appear to be doing something so they drove the real Strategic thinker from office …we could sure use his advice & brains today …..

Dems

Posted by Ororeef @ 13:46 on October 7, 2017  

dont really think BUMPER stocks will save lives¬†¬† .. if they do than they are dumber than you…. they just want YOU to think they are doing something and they can control peoples behavior …(until next time ).

There we fixed it ,so reelect me Im looking out for you trying to protect you..Those other guys dont really care..I care !¬† Hypocrasy at its worse, trying to create a false sense of security .Its all about perceptions ..do I look like Im doing something that will get me re elected.¬† ?¬† The dumbest ones will say¬† “at least he cares” …

PS Seems like the Chinese are getting ready for gold to have a more important place in the world …

Posted by ipso facto @ 13:41 on October 7, 2017  

drb2 @ 10:47

Posted by ipso facto @ 13:28 on October 7, 2017  

Sure seems to be a carload of dollar negative news out there, some of it short term like the inflationary effects of the hurricanes to other long term macro factors like the recent deals between Russia and China and the Saudis to accept payment other than dollars for oil.

I just hope the USA can accept it’s new, inevitably lesser place in the world without some paroxysm of war. Smaller is just fine with me. I don’t care to have my friends and family fighting and dying for some Imperialist conceits of the Bankers, Politicians and their allies.

Buygold @ 10:45

Posted by ipso facto @ 13:17 on October 7, 2017  

Howdy Buygold

Since they are comparing the Chinese “Reserves” directly to the US Reserves I believe they are talking about mined and smelted gold. Of course only a few know the real truth on each side.

You’d have thought that the POG would have jumped about $100 on this news! But no it’s crickets.

@buygold; Treefrog RE: Reuters

Posted by drb2 @ 12:17 on October 7, 2017  

we are all on the same page here.   I consider Reuters part of the MSM and would hate to appear to endorse them.

That makes it more of mystery that they made the report. Maybe they felt they had no choice – the news would come out sooner or later, and for them to not say anything would be worse.

another question I had РIf China admits to having 12,000 tons Рi wonder what the real number is?

buygold, 11:22

Posted by treefrog @ 11:41 on October 7, 2017  

for what it may be worth, reuters has its roots in the rothschild organization.  the rothschilds always valued having up to date information.  nathan rothschild made a bundle by knowing the outcome of waterloo a couple hours before anybody else.  he had a band of courriers to bring him the news.

drb2

Posted by Buygold @ 11:22 on October 7, 2017  

Agree, I guess since it’s Reuters it’s a little more credible?

Thanks for looking up the last time they announced holdings as only 1660 tons.

I still ask the question – they are saying “reserves”, when a miner talks about reserves that’s obviously what they have in the ground.

I’m not sure what this article is telling us about their official holdings, but it also mentions the volume traded on the Shanghai exchange. Pretty impressive as it is supposedly all physical?

@Ipso – China Reserves

Posted by drb2 @ 10:47 on October 7, 2017  

thanks for that post.  It is interesting that this information got almost zero press.  In fact, I would have thought it BS, except that it was a Reuters release.

https://www.reuters.com/article/china-gold/china-proven-gold-reserves-at-12100-tonnes-at-end-2016-xinhua-idUSL4N1MD2NN

 

the number seemed very high compared to what I remembered their previous holdings being around 1600, so I did a quick search.

https://www.ft.com/content/2c67f078-2c6d-11e5-8613-e7aedbb7bdb7 ¬†¬†yep ‚Äď 1660.¬† The US supposedly has 8,000 something.

 

The Reuters article is not very specific or detailed, so we shall see if there is confirmation Monday.  If true, I consider this a pretty big deal.

Especially in context with the Saudi-Russia news

Ipso

Posted by Buygold @ 10:45 on October 7, 2017  

Reserves or holdings, is there a difference? Seems like reserves would still be in the ground whereas their official holdings are something else. I’m asking, I’m not sure. Seems like the last time they stated official holdings it was like 2500 tons, and pretty disappointing.

That being said, the last paragraph caught my eye, production was down but demand up? Should be a recipe for higher prices in the real world…

In the first half of 2017, China produced 207 tonnes of gold, a drop of 9.8 percent from a year ago, although gold consumption rose nearly 10 percent to 545 tonnes, with consumption of gold bars up more than 50 percent, the CGA said. (Reporting by John Ruwitch; Editing by Christian Schmollinger)

I haven’t seen any discussion of this. Yesterday China came out and said they have 12000 tonnes of gold reserves. 4000 tonnes more than we “officially” have. Is this a prelude to a gold backed currency?

Posted by ipso facto @ 8:43 on October 7, 2017  

China proven gold reserves at 12,100 tonnes at end-2016 – Xinhua

https://www.reuters.com/article/china-gold/china-proven-gold-reserves-at-12100-tonnes-at-end-2016-xinhua-idUSL4N1MD2NN

Las Vegas is one of the most video taped places in the world

Posted by eeos @ 7:04 on October 7, 2017  

So you can bet your ass the videos exist. but we have lots of spooky clowns working for the FBI and CIA and you know none of it will ever see the light of day

Buygold 19:27

Posted by goldielocks @ 1:11 on October 7, 2017  

Didn’t see that report but we’re not in QE anymore. I think what’s going on here anyways is the psychology of trading. That’s what their doing too, spinning everything to the positive for equities and dollars going down isn’t important because it just helps exports and jobs are going to come back. Because Trump is focused on stopping the hemmiraging of jobs to foreign nations it’s seen as futuristic positive. Positive in expectation of a improving economy and better wages. That it’s not how these companies are actually doing like we saw a few like Amazon get hit but how they PRECIEVE they will do in a positive futuristic sense. Just like during a bull market you’ll see people buying the gold stocks that aren’t even producing yet, Then you have other economy’s having problems putting their money over here. So things that might say it’s time for a correction along the way are being pushed aside for how people are perceiving equities will continue to do well in the future. Meanwhile gold is holding its own for other reasons behind the scenes but people aren’t buying the stocks esp if it’s related to uncertainty like they did during QE.

Trump

Posted by goldielocks @ 0:42 on October 7, 2017  

Calm before the storm but won’t tell the MSM what he means.

Gold news FWIW Boggling their minds too

Posted by goldielocks @ 0:40 on October 7, 2017  

I don’t quite understand their comments about Gold doing so well too along with equity stocks when they have lost their gains.

Gold Week in Review (Video), October 06, 2017

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