Loading ...Did gold really go up 2.00? kitco
drb2 @ 22:11 on September 16, 2014
well 20 years ago ron paul was 20 years younger
but he still was ignored by the powers of the political voting machines ,, a vote for paul is two votes for the other side .. we program the voting machines ,, we = the purple globs.. of voting fraud
This is it! ipso
define…… it lol
I wish Ron Paul was 20 years younger…. and had 50 clones in Congress
| by Ron Paul | ||
| On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank. The Swiss referendum is driven by an undercurrent of dissatisfaction with the conduct not only of Swiss monetary policy, but also of Swiss banking policy. Switzerland may be a small nation, but it is a nation proud of its independence and its history of standing up to tyranny. The famous legend of William Tell embodies the essence of the Swiss national character. But no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years. The Swiss tradition of bank secrecy is legendary. The reality, however, is that Swiss bank secrecy is dead. Countries such as the United States have been unwilling to keep government spending in check, but they are running out of ways to fund that spending. Further taxation of their populations is politically difficult, massive issuance of government debt has saturated bond markets, and so the easy target is smaller countries such as Switzerland which have gained the reputation of being “tax havens.” |
||
| The US has used its court system to extort money from Switzerland, fining the US subsidiaries of Swiss banks for allegedly sheltering US taxpayers and allowing them to keep their accounts and earnings hidden from US tax authorities. EU countries such as Germany have even gone so far as to purchase account information stolen from Swiss banks by unscrupulous bank employees. And with the recent implementation of the Foreign Account Tax Compliance Act (FATCA), Swiss banks will now be forced to divulge to the IRS all the information they have about customers liable to pay US taxes. On the monetary policy front, the SNB sold about 60 percent of Switzerland’s gold reserves during the 2000s. The SNB has also in recent years established a currency peg, with 1.2 Swiss francs equal to one euro. The peg’s effects have already manifested themselves in the form of a growing real estate bubble, as housing prices have risen dangerously. Given the action by the European Central Bank (ECB) to engage in further quantitative easing, the SNB’s continuance of this dangerous and foolhardy policy means that it will continue tying its monetary policy to that of the EU and be forced to import more inflation into Switzerland. |
More for the bears to grind in their teeth ;-)
Today the Chinese government backed Shanghai Gold Exchange (SGE) brought forward the launch date of its international gold trading platform which is hosted in the city’s free trade zone (FTZ). The gold trading platform will be known as the ‘international board’.
In a surprise announcement, the SGE said today that the international board will go-live this Thursday September 18, eleven days ahead of its original launch date of Monday September 29.
also from Harvey
commish @ 20:31 re your “What am I missing about a stronger dollar?”
What you missed is, its a traitor dollar, or an anti American dollar. Or a double standard dollar. Good for foreigners and bad for us. Unless you import and sell to your neighbors.
The Dollar is STRONG if you want to spend it on labor for foreign made consumer products. But if you want to spend it on American made goods and services its a piece of crap weaker valueless dollar.
Americans started screwing themselves decades ago. I remember way back in the late 60s and early ’70s a US made TV set was $400. In todays money? $6,000? Everything we bought was expensive, and our one breadwinner salaries were also expensive.
Bringing in cheaper imports, made the salaries cheaper. I’m wondering if everybody is in their 20s out there.
Buygold
The shares looked good today. Much better than the HUI I think.
If anyone doesn’t think that massive printing of “money”, debt piled on debt and a country run by a greedy oligarchy won’t have some untoward events then they shouldn’t be here.
I will bet with the odds.
Cheers
but Ipso
somehow no one ever steps up to take delivery and make Harvey look like a hero.
I sure hope the bearishness here is an indication of something good coming. I don’t see it so maybe that’s a good sign.
Today was an absolute bummer. Oil up 2%, copper up 2.2%, nat gas up 1.5%, gasoline up 1.5%
PM sector nowhere to be found. Bad enough to be down when we should be but way worse not to be up when we should be.
I guarantee all those long contracts bought for the bullish COT Report were dumped today to keep the price down.
Exhausting.
ment17
This is it!
armstrongs sept 15 turn date
gold up 1.80? peek a boo kitco
Moggy
wow that’s a cat for sure ,, meow ..
ipso facto @ 21:11 on September 16, 2014
Harvey has been following that market for many years
somehow his analysis never seems to materialize for a large spike in prices .
this is a paper game .. and paper can be stacked up ,,
now if a large cash rich trader has his eye on taking delivery of real then something may come of it.. but so far in the years that Harvey has been expecting a spike in the metals it never seems to happen ..
as they positions are just rolled over till the next delivery month
well this time we can hold our breath and maybe this is it .. lol
Moggy
Greetings That IS a pussycat! 🙂
This looks promising
From Harvey Organ
The total silver Comex OI surprisingly rose again by 431 contracts despite the fact that silver was up yesterday to the tune of 1 cent. Tonight the silver OI complex rests at 171,136 contracts. In ounces, this represents 856 million oz or 123% of silver annual production. In commodity law generally the OI is represented by 3 to 5% of annual production. These silver contracts are in very strong hands and as I have indicated to you on countless occasions, this will continue to bring nightmares to our bankers. Probably this is as good a reason as ever for the bankers to raid on a continual basis trying to force those longs to puke their interests. We are now in the next big delivery month of September and here, the OI for September fell only 15 contracts down to 609 contracts. We had 26 notices filed yesterday so we gained another 9 contracts or 45,000 additional oz will stand for the September contract month.
The December silver contract tonight rests at 127,208 contracts for a loss of only 52 contracts. No doubt the December contract month may provide all the fireworks if our major entity tries to take delivery of much of the comex silver. The estimated volume today was very good at 44,158. The confirmed volume yesterday was awful at 28,723 contracts.
Farmboy @ 8:56 a.m.
Lol, that’s not a pussycat…THIS is a pussycat:
gold peeks kitco
Did gold really go up 1.40?
stealth move kitco
Did gold really go up 0.70?
peek a boo
d gold really go up 0.10? kitco
More Propaganda from the Controllers
How can something like the USD which has lost 98% of it’s value be referred too as being stronger? This morning a local diner which I have been going to ‘forever’. I had (1) blueberry pancake, 3 strips of bacon and a cup of coffee. With a 2 dollar tip it cost me $12.00. What am I missing about a stronger dollar?
97 of the last 101
access openings down for silver. Just normal market action.
Mr. Copper – while I think Grandich is a complete jackass, pretty tough to argue that silver bulls aren’t complete suckers. That includes me.
re Peter Brandt is convinced Silver Bulls are fools
I read the thing and that clown did not even mention the artificial run up to near $50 that “made” millions of people turn in scrap silver and turn in investment silver, plus producers got a false signal and over produced.
Another Big Thing Nobody Realizes? They Are In Decline Only Since 2008
USSR, UK, Europe, Japan, China etc all that were hurt during WW II and every other third world nation out there had a lot of very good years after the war in 1945. In 1945 they were at the bottom of the pit financially. Living standards at their lowest.
Thanks to the Federal Reserve and other global governmental organizations, that “made” the USA consumer and taxpayer help them fight the wars and rebuilt their destroyed nations after 1945.
Once the US real estate market crashed in 2008, the other nations followed us because of that. The USA living standards are in decline since 1975.
The others, only since 2008. This is why I think the global powers are focusing on helping the USA FIRST, with the assumption that if the Americans do good, so will the others later on.
eeos
“Silver bulls may eventually be right, but they are still idiots”
Who the hell can argue with that? Nobody.
PM’s are a manipulated joke. G & S should have each been up 2% today like oil, nat gas, copper and gasoline.
Nope. Not pm’s.
If the Shanghai and some of the other cash markets around the world can’t lift pm’s, nothing will.
Peter Brandt is convinced Silver Bulls are fools and are going to get flushed
Debunking false claims made by the Silver bulls
Twitter and other dialog forums on the web are filled with Silver bulls who claim that miners will not mine when Silver prices fall below the cost of production. Unfortunately, many of the claims made by rabid Silver bulls do not stand up to critical examination.
First, global Silver mining production has actually increased despite falling Silver prices, as shown on the graph below. In fact, since 2011, Silver mining production has increased by 8.6% despite a decline in the average annual Silver price of -32.3%. From 2004 through 2011 — a period with booming Silver prices — global mine production increased by an average of 3.0% annually. Global mine production increased by 4.2% annually since the 2011 price top. Read more
Silver bulls may eventually be right, but they are still idiots
By contrast, Gold bulls represent — by and large — a thoughtful group of folks.
As a trader and blogger, I love to have fun at the expense of Silver bulls. No other market I trade has a larger and more obsessed cult following of non-thinking and emotional “investors.”
I tend to be a Bayesian thinker. In my career as a trader dating back to 1976 I have found that most really good traders are Bayesian, whether they even know the term. No way could a logical Bayesian buy into the nonsense believed by Silver bulls. In mean, these are people who believe the Gold/Silver ratio should be 15 to 1 because it was so proclaimed by some Spanish king 500 years ago!
The daily and weekly graphs of Gold and Silver indicate that lower prices are most likely. Key chart levels are giving way, calling for a possible sharp drop from current prices. Let’s review these charts.
The weekly Gold chart is attempting to complete a 15+ month H&S failure pattern. A decisive close below 1240 will complete this chart configuration and indicate a possible target at low as 1040. HERESY! … the Gold bulls proclaim. It must be market manipulation — after all, the destiny for Gold is $5,000 per oz. Read more
oh and by the way I’ve written a few books, please buy them. thanks Peter