Loading ...They simply are f0rced to remit part of their LOOT as defacto Taxes…its all part of the Tax collection system …Then they are allowed to continue Looting as long as the system continues to make them forcebly share the LOOT with the Gubberment. The Gubberment looks like its doing “GOOD” ,the Banks look like the Bad GUYS and nobody cares …Its all a sham for the Sheeple…
With a fistfull of saltines
Jim Willie: Chinese Have Acquired a Majority Controlling Interest in the Federal Reserve!
commish
A few hits of that thing would certainly change “normal”.
Lol
@WANKA
Hi Wanka, copy that, thanks for the info. Agreed, shortage but is not showing up in the pricing.
Wanka, I think all prices are distorted coming from the margined emotional scared money futures markets. Opinions and hunches of what the price should be or will be, by people NOT involved in the physical supply or demand can’t be accurate. Especially with big banks/gov’ts special interests.
Production and consumption is probably boring and relatively stable. The crazy erratic prices on futures can’t be reflecting supply and demand. What they have going is like betting on the super bowl game, with the majority of “betters” getting the score they want, rather than the players determining the winning team.
The changing prices actually change the supply and demand, instead of the other way around. You can bet your ass the gov’t/banks are involved in currency (and other) futures prices for the global greater good.
I suspect in general, the actual suppliers, and actual buyers (like GM) agree on long term stable pricing of materials. And the margined short term players are actually being “abused” like a shock absorber.
They say 90% of them lose money all the time.
Tyler must be lurking at the Oasis
How To Outperform The Market With Just 30 Minutes Of Work Per Day
By now, the world and his pet rabbit is aware of the ‘odd’ ramp in US equity markets as the European Close looms each day. Today – once again – was no exception, so we thought it worth quantifying this magical – and now self-fulfilling ‘pattern’. In the last 4 months, if you bought the S&P 500 at 1100ET and sold at 1130ET, you would have won 55 times (garnering 129 points of profits) and lost 31 times (losing 70 points) for a total profit of over 59 points. This compares to the 53 point gain in the S&P 500 if you had just ‘buy-and-hold’-ed over that period… and a quick glance at the chart tells you all you need to know about volatility…
http://www.zerohedge.com/news/2014-11-12/self-fulfilling-reason-europe-closing-ramp
See my last post……
Someday we may kick the cabals butt
Like some wild animal
Let’s see how the “no manipulation” contingent spins this…
Swiss regulator says UBS tried to manipulate monetary metals fixes
Submitted by cpowell on 07:27AM ET Wednesday, November 12, 2014. Section: Daily Dispatches
Clear Attempt to Manipulate Precious Metals Benchmarks at UBS, FINMA Says
By Jan Harvey
Reuters
Wednesday, November 12, 2014
LONDON — Swiss regulator FINMA said on Wednesday that it found a “clear attempt” to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS.
The benchmark known as the gold “fix” is used to ascertain reference prices twice daily for the precious metals industry. Along with other precious metal benchmarks, it has come under increased regulatory scrutiny since the Libor manipulation scandal broke in the foreign exchange market in 2012.
“The behaviour patterns in precious metals were somewhat similar to the behaviour patterns in foreign exchange,” FINMA director Mark Branson said in a conference call with journalists.
He said that as UBS has precious metals and foreign exchange desks under combined leadership, it was not surprising to find similar behaviour.
“But we have also seen a clear attempt to manipulate fixes in the precious metal market.” …
US Mint temporarily sold out of silver Eagles amid huge demand
part
Sharp breaks in gold and silver prices to their lowest in more than four years have unleashed a surge in demand for investment coins and small bars by retail investors around the world, with buyers in Germany queueing out the door and some U.S. investors returning to the market for the first time in years.
Retailers and distributors in Asia and the United States are struggling to get supplies of items such as Canadian Maple Leaf silver coins made by the Royal Canadian Mint (RCM), Reuters reported earlier on Wednesday.
The RCM has started rationing its Silver Maple Leaf coin sales to its global distributors in response to high demand in September when gold prices fell to a near 2014 low, it said.
Food For Thought
I’ve read that to print a $100 bill costs $.07. That’s seven cents………………………… ……………………but to mine 1 ounce of gold costs $1,000 average.
So my question is, would you rather have one ounce of gold that cost $1,000 to produce, or 10 $100 dollar bills that cost $.70 cents to produce??
Which one would you consider to hold the most value?? I’ll just hold onto my…………………….
Silverngold
Right on time, as Europe closes
11 am NY time, the Algo’s kick in selling Pm’s and buying the SM. Happens most days and tdy was typical.
Well… BoPo at this years end.
Is the Gold spot going to finish above last years close of $1204 ?
R640
THEE bottom, to end all bottoms. Never heard that before. 🙂
Like a boxer who’s been knocked out struggling to get off the mat.
I hear Norcini’s whining about soybeans being manipulated, but never pm’s. Life’s a bitch when you’re on the wrong side in a rigged game.
eeos @ 7:28 re the “QE is causing, not fighting ‘deflation’” Remember The Wealthy G-7 Nations??? Well lately its a G-20 Plus nations.
When you have enough butter for 7 bagels, But use that butter for 25 bagels, none of the 25 nations will taste the butter. That’s the deflation problem. Wealth, mostly from the USA, (manufacturing) was spread too far and wide, spread too thin.
To over ride the lack of taste, TPTB borrowed artificial butter from the future, loads of it AKA debt. Way too much debt out there.
What elephant?
Ukraine crisis: Russian troops crossed border, Nato says
Nato officials have seen Russian military equipment and Russian combat troops entering Ukraine this week, its top commander says.
“Russian tanks, Russian artillery, Russian air defence systems and Russian combat troops” were sighted, US Gen Philip Breedlove said.
Russia’s defence ministry denied that its troops were in eastern Ukraine to help pro-Russian separatists there.
However, the rebels have admitted being helped by “volunteers” from Russia.
The United Nations Security Council is convening emergency session later on Wednesday to discuss the reported sightings.
Floridagold @ 10:16
Those poor sensitive Muslims. So … in many cities in France, at prayer time they come out of the factories, roll out their rugs and block the streets. Let’s hope it never comes to that in the US. Screw em!
Yoohoo! Wake up boys and girls, Uncle Richard has news for you!
A guy in the mining industry just told me how most miners are basically broke and can’t fund their operations…and it’s gonna get much worse….and that’s why miners are at their present valuations…
Gang, this is exhibit number one of the many “hooks” that keep people shut out of a market–so here’s the news:
Gold has put in THEE bottom! For me, one of the main signs is the huge pick up in volume the past 3-4 weeks–of all people, we gold devotees are closest to the
gold mkt and hence, the most burned out–most of us will be shut out of the big surge that is just starting
So it is written, so it shall be—-DYOD, s’il vous plait-!
Bollinger bands=We can now expect Gold to start a new rising trend.
“Gold closed back above the bottom boundary of its two standard deviation 20 day Bollinger Bands Friday, November 7th, after closing below that bottom boundary from November 3rd through November 6th. This is a new Gold Bollinger Bands Buy signal. Same situation for Silver. We can now expect Gold to start a new rising trend. Same for Silver. The last two times Gold generated a Buy signal, Gold rallied sharply thereafter. The last three times it generated a Buy signal, Silver rallied thereafter.”
Wanka
DON’T TREAD ON ME! 🙂
Until people start going to prison this behavior will continue forever
Five banks fined over $3bn in foreign exchange probe
Regulators in the U.K., U.S. and Switzerland imposed penalties of $3.2 billion Wednesday on five banks they said failed to stop traders from trying to manipulate the $5.3-trillion-a-day foreign exchange currency-trading market.
The settlement, which follows a year-long global probe into claims the exchange market was being rigged, established that overseas traders used private Internet chat rooms to share tips about the activities of their firms’ clients.
It also said that banks and other financial firms’ representatives colluded on strategies to try to manipulate exchange rates for pairs of leading world currencies such as the euro and U.S. dollar and the U.S. dollar and the Japanese yen.
The U.K’s Financial Conduct Authority (FCA) said in a statement it has fined JPMorgan Chase $352 million, Citibank $358 million, HSBC $343 million, the Royal Bank of Scotland $344 million and UBS $371 million.
more http://www.mining.com/five-banks-fined-over-3bn-in-foreign-exchange-probe-10576/
Down but not out
Bonfire of the juniors avoided as role of alternative finance gathers pace
TORONTO (miningweekly.com) – The number of companies that have delisted from the TSX and the TSX-V is far fewer than many commentators predicted, while the level of financing activity by mining companies on both exchanges has also increased, attendees at the mineLatinAmerica convention, in Toronto, were told.
Alternative fiscal models had also helped many companies weather the downturn, although success had frequently depended on a company having the right investment profile: either being in production or holding advanced-stage projects.
GETTING BETTER
In a market still looking for signs of improvement, the increase in the number of financings on both the TSX and TSX-V compared with 2013 had been a positive development, TSX-V venture exchange director for listed services Tim Babcock said. This included companies in the mining sector and reversed the downward trend witnessed over the past few years, he added. “So 2013 was, hopefully, the bottom.”
Issuers in the mining sector had raised $6.7-billion year-to-date in the third quarter, Babcock highlighted, although he noted that this included an early first-quarter raise of around $2.4-billion by Turquoise Hill Resources, the operator of the Oyu Tolgoi copper/gold mine, in Mongolia. “But even if we factor that out, we’re still up in aggregate terms by about 50% compared with 2013 in terms of dollars raised,” he noted.
WANKA @ 9:34
I caught the headline. These miners better cut some costs or BKs loom. The WGC has always been on the side of the manipulators IMO.
Richard640
re Dumb Dan
What difference does an OTC mkt have over the Futures mkts, in terms of price….answer None.
Dear old Dan has just shown he knows nothing of how the mkts work, no wonder he can’t see the Rig.
Who by the way just stopped Au at 1170 again 45 mins ago, as it was about to break higher.
from “Rivers Without Borders”
Seabridge Gold’s KSM Mine Proposal Risky and Uncertain
http://finance.yahoo.com/news/seabridge-golds-ksm-mine-proposal-140000933.html