as the gold etfs shuttle-cock back and forth between the top and bottom lines.east pickins for the nimble..so all those day with gold ETFs flat and the hui and jnug up nicely were NOT a bullish divergence…
BG – RE: Putin
A big question for me has always been the extent that Russia and China have been allowed in the Bankster’s NWO.
My guess is that they know they will never be considered as equal partners. and knowing that, they will play their role as long as it is advantageous to them or until events force their hand.
That time is drawing near I feel.
1/2 C note
I’m in for a 1/2 C note.
Winedoc
Wanka: Tentathon
I’m in with great pleasure! Thank You and Florida and Ipso…for doing what really had to be done.
I’ll pledge half a C note.
PS seems that web site is pretty serious about messing up JPM and it is run by hard nosed lawyers of the faith……GATA should contact them, as they are asking why JPM gets immunity……
drb2
Yes, I think Putin is fully aware of what happened to the last three, and I think he isn’t scared. In fact, I believe he’ll take an even more aggressive stance and cut Europe off from oil supplies if push comes to shove.
Thing is these neocon banksters think they can solve everything with money, and that money is the be all, end all, for every leader and every country.
I think it’s not so for an increasing part of the world. JMHO.
Stop Big Bank Bandits Now
New web site about JPM and Maddoff.
This is a book about JPMorgan Chase. It is, therefore, a book about greed, corruption, arrogance and power. And it is also a book about Bernie Madoff. Few people realize the link between America’s biggest bank and America’s biggest crook. Our government, which knows about it and should be the most outraged, doesn’t care. Although it announced criminal charges against the bank for two felony violations of the Bank Secrecy Act, it simultaneously entered into a deferred prosecution agreement with the bank, suspending an indictment for two years provided that the bank complies with the law in the future.1 As if JPMorgan Chase, with its armies of high-priced lawyers, didn’t know how to comply with the 1970 Bank Secrecy Act in 44 years. It needs another two years to figure out how to comply with the law! – See more at: http://jpmadoff.com/foreword#sthash.anzu2T89.dpuf
Wanka
Sign me up for the tentathon!
rno
Buygold @ 11:44
re: silver fix … probably because nothing will. Wouldn’t that be nice if they screwed up and we ran for a while.
WANKA @ 11:33
Good job Wanka! 🙂
Jim Rickards made headlines today with an interview he did with Peter Schiff in which he claims that the gold held by the Fed is leased out several times over but is still sitting in the Fed vaults. If that’s case, Jim, then how come the Fed won’t allow a physical audit. If the Fed is going to perpetuate and legitimize a lie, at least show us the bars. Sorry Jim, you’re propagating misleading information once again (see my comments below)…
Richard640
And just how would the World Gold Council aka the Moron Council know what Chines demand was, because they changed their import points last year, to Beijing and Shanghai, so no-one can monitor their total consumption.
They still import via Hong Kong, but Hong Kong logs every ounce in and out, which is why they changed.
Gold Demand in China Slumps 52% After Buying Frenzy Subsides
Gold demand in China shrank in the second quarter as consumers in the biggest user bought fewer bars, coins and jewelry amid a clampdown on corruption and as the buying spurred by last year’s price slump wasn’t sustained.
Purchases in Asia’s largest economy plunged 52 percent to 192.5 metric tons in the three months to June from a year earlier, contributing to a drop in global consumption, the London-based World Gold Council said in a report today. Every Asian economy tracked by the producer-funded group bought less bullion in the period, apart from Taiwan, as demand across the biggest consuming region shrank 46 percent to 470.9 tons.
While gold’s tumble into a bear market in April last year spurred a purchasing frenzy that helped to push China’s demand above India’s, the pace of buying dropped this year. The data add to signs of slowing bullion consumption in Asia as banks including Goldman Sachs Group Inc. expect prices to resume losses. President Xi Jinping stepped up an anti-graft drive in China this year, hurting demand for luxury goods.
“The data confirms our view that Chinese gold demand will stay relatively weak compared with 2013, which only serves to drag gold prices lower into the second half,” said Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp.
Gold for immediate delivery advanced 9.6 percent this year to $1,316.84 an ounce at 4:43 p.m. in Shanghai. Prices increased 3.4 percent in the three months through June compared with the 23 percent drop a year earlier, which was the largest quarterly slide since at least 1920.
BG – RE: Putin wants Rubles for Oil
Ipso
“Let my people go!” 🙂
I think tomorrow is the first day of the new silver pricing mechanism run by CME and Reuters. Why do I think nothing will change?
Florida 10:43
He’ll never out golf Tiger despite his back problem. Quantity doesn’t make up for quality. Besides maybe his prayers 5 times a day gets in the way.
Buygold
“OpEx tomorrow”
Seems like it’s always something … op ex, fedspeak, strong dollar etc.
Let my people go!
GFI
Heavy volume again. Someone is either accumulating in a big way or there’s news coming.
Also heavy call buying in the Sept and Oct $4 strike.
maddog
I have no doubt that your theory about the paper players crushing oil to hurt Russia is absolutely correct. That’s exactly what the banksters are doing IMHO.
Putin – doesn’t sound like “making nice”
Putin Says The Petrodollar Must Die, “The Dollar Monopoly In Energy Trade Is Damaging Russia’s Economy”
Submitted by Tyler Durden on 08/14/2014 08:15 -0400
On one hand, despite initial weakness following Europe’s triple-dip red alert, futures declined only to surge higher after some headline or another out of Russia was again spun to suggest imminent Ukraine de-escalation (something which Russia whose only interest is to keep crude prices high, has absolutely zero interest in), perpetuating a rumor which was set off by a Russian media outlet tweet last week that has sent S&P futures over 50 higher in less than a week on… nothing.
On the other, Putin just said the following, which no matter how one spins it, shows precisely how Russia is inclined vis-a-vis future (un-de-counter) escalations.
PUTIN SAYS RUSSIA SHOULD AIM TO SELL OIL AND GAS FOR ROUBLES GLOBALLY, AS DOLLAR MONOPOLY IN ENERGY TRADE IS DAMAGING ECONOMY
President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia’s economy.
“We should act carefully. At the moment we are trying to agree with some countries to trade in national currencies,” Putin said during a visit to the Crimea region, which Moscow annexed from Ukraine earlier this year.
Wanka, Ipso
I much prefer the CNBS crowd ignores everything pm.
OpEx tomorrow. I hate OpEx.
Massachusetts has the distinction of being the only state NOT carried by REAGAN wasen’t it ,or maybe it was NIXON ?
NOW they are all gathered there for one big Cluster F__K …..or is it to celebrate SHARK WEEK ? NO its a book signing hehe hehe !
That sounds so harmless dosen’t it..from the word processors as REAGAN described Dukakis one time .As usuall he got it right !