Indians Refuse To Give Their Gold To The Government: Only 30 Kilograms Take Part In “Gold Monetization Scheme”

http://www.zerohedge.com/news/2015-11-18/indians-refuse-give-their-gold-government-only-30-kilograms-take-part-gold-monetizat

From what GS is saying it sounds like buying gold would be a very good idea.

ABnormal the new normal!

What was the name on that brain?

In other words – as the bolded sections highlight –

The Fed is admitting that the neutral rate (to which they will theoretically raise rates before re-easing) will remain lower for longer…

…and therefore will reach ZIRP more frequently going forward…

…which means, as they state, using “additional monetary policy accomodation.”

Which means, unless The Fed wants to implement NIRP (which it appears it does not), they will have to do more QE, more frequently going forward…

…basically admitting that the rate manipulation transmission channel is defunct for all intent and purpose.

*  *  *

So what Goldman discovered was the ‘smoking gun’ admission that this is no normal recovery and what was once entirely extreme and experimental monetary policy will be the new normal… and that may be why stocks and bonds rallied and why the dollar dropped and gold and crude gained.

Incidentally, all of this talk about the long-run equilibrium rate reminds us quite a bit of something Narayana Kocherlakota said back in July (that is, before he was replaced by Goldman alum and bailout architect Neel Kashkari). Recall this from Bloomberg:

Increasing the supply of assets available to investors “would push downward on debt prices, and so upward on the long-run neutral real interest rate,” Kocherlakota said Thursday in Frankfurt in remarks prepared for delivery at a conference hosted by Germany’s Bundesbank.

Lifting the so-called neutral rate, which prevails when Fed policy is neither stimulating nor restraining growth, would in turn benefit Fed policy makers by creating more space between the benchmark federal funds rate and zero, he said.

 

“I want to be clear at the outset that I am not saying that it is appropriate for fiscal policymakers to increase the long-run level of public debt. I am simply pointing to one benefit associated with such an increase: It allows the central bank to be more effective in mitigating the impact of adverse shocks to aggregate demand.”

So when the Fed talks about considering “options” in light of a lower long-term neutral rate, will one of those “options” be to encourage the Treasury to issue more debt? If so, we know a new regional Fed President that’s in good with the folks at Treasury…

http://www.zerohedge.com/news/2015-11-18/did-goldman-sachs-just-find-smoking-gun-todays-fomc-minutes

It’s a trap! 🙂

Hope not …

A little backstabbing?

snip

In their 30-minute conversation on Sunday, Nov. 15, our sources reveal, Obama secretly accepted most points of Putin’s plan for a political resolution of the Syrian conflict (first revealed by DEBKA Weekly earlier this month), with the exception of the point relating to Bashar Assad’s future.
The White House and the Kremlin consequently announced a joint decision on a cease-fire in Syria to be followed by UN-mediated negotiations between the rebels and the Assad regime.
The first point of the Russian blueprint called for intensified air strikes by the US and Russia against rebel groups refusing to enter into these negotiations in order to force them to toe the line.
As a result of the deal between the two presidents, 75 percent of Russian attacks in Syria Tuesday were aimed against various rebel groups (around Hama and Aleppo), and only 25 percent against ISIS (at its Raqqa headquarters) and Al-Nusra Front targets.

http://www.debka.com/article/25026/Acting-on-secret-Obama-Putin-Syria-deal-Moscow%E2%80%99s-air-strikes-focus-first-on-rebels-next-on-ISIS-

I guess we’ll know when London opens

Odd that the SM rallied so much today. God help us all if the Fed doesn’t raise in December.

Research led by a team at the University of Georgia shows that the chemical agents used to remove oil from the ocean’s surface after the 2010 BP oil spill didn’t fully degrade the oil and instead suppressed microbes in the water that would have been more effective in cleaning up the oil.

http://news.yahoo.com/video/chemicals-sprayed-top-bp-oil-030416638.html

WE dont need to teach them all about our MILITARY  CAPABILITY  so they can use it AGAINST US…Stupid is as Stupid DOES ..

DEMOCRAT GOVERNOR   ALL he is good for is to SERVE AS A BAD EXAMPLE !    THIS is how DEMOCRATS under the GUISE of TRADE

BASTARDIZE   TRADE…..

Governor McAuliffe Touts Success in the United Arab Emirates during Trade and Marketing Mission

~Missions are key component to reaching new markets and building relationships around the world while sharing Virginia’s pro-business story~

Governor Terry McAuliffe today announced a successful two-day visit to the United Arab Emirates (UAE) during his trade and marketing mission to the Middle East and India November 13-24.

The Governor met with Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Governor and Sheikh Mohammad discussed ways to strengthen existing business relations and promote increased trade and investment between the Commonwealth and the UAE. Present during the meeting were Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, and Sheikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai.

Speaking about meeting with the Sheik, Governor McAuliffe said, “The UAE represents significant opportunities for Virginia for increased trade and foreign direct investment. I was honored to meet with His Highness Sheikh Mohammed bin Rashid. The relationships that are established during these marketing missions play a significant role in building the new Virginia economy.”

In addition to meeting with Sheikh Al Maktoum, Virginia Secretary of Commerce and Trade Maurice Jones executed a Memorandum of Understanding with Dubai Economic Development to arrange future collaborations and identify economic development opportunities between Virginia and Dubai.

Six Virginia companies also exhibited at the Dubai Airshow, including Defense Technology Equipment, Inc. (DTE); UXB International; MAC Aerospace; Germane Systems; Momentum Aerospace Group; and Aeronautical Systems, Inc. The biennial air show welcomed 65,000 visitors, and featured over 1,100 exhibitors representing 61 nations. The event enabled Virginia companies to promote their capabilities to potential partners and customers from across the Middle East.

joined the Chorus demanding a STOP to SYRIAN immigration that everyone knows cannot be vetted  .Its an ACT of DERELICTION of DUTY

by any elected official to leave US Citizens exposed to deadly bombing because of POLITICS ..  I have heard NOTHING from my own Governor

here in VIRGINIA  ..its a disgrace GOVERNOR MC AWFULL…  A STATE with a LARGE MILITARY  presence and a HISTORY of FINE MILITARY

record s…A FEW elections that brought POLITICAL CORRECTNESS to VIRGINIA  is a Disgrace.!  WE will fix THAT…

with fake Passports headed to US …How do you get to the US from HONDURAS  ?    The MEXICAN BORDER thats HOW !

meanwhile Au and Ag are near comatose in terms of price…but huge action in Au particularly and only the Scum are keeping it down.

Meanwhile the SM goes banana’s on the back of a rate rise tks to Scum unlimited buying…wellcome to the Free World, courtesy of Lloyd and GS.

Russia Pounds ISIS With Biggest Bomber Raid in Decades

http://www.thedailybeast.com/articles/2015/11/17/russia-pounds-isis-with-biggest-bomber-raid-in-decades.html

Note a lot of the planes had 20 tonnes of dumb bombs…..ain’t gonna be alot left after that lot came down.

Scum all over the mkts…..but huge buying coming in esp in PM shares and ignoreing GDX….maybe the mkt has woken up to the Rig via GDX.

GDX only up 1.5 % ..NEM 3.2 and GG 2.25 %….

Looks like 1070 is Au cap tdy

Meanwhile the crazy SM flies higher….

spot gold

We hear that the Fed is about to make an announcement about whether they will be raising rates. One thing we can be sure of. – Gold will either go Up or DOWN.

Have I confused you?

Thompson may have some wishful thinking. Maybe we find out someday.

Seems like in the end game the banks will want to own gold … if just because they are greedy effers.

http://www.zerohedge.com/news/2015-11-18/america-charlie-sheen-cdc-alarmed-20-million-new-std-cases-spike#comment-6809499

The COT numbers definitely seem to be pretty accurate to the downside. To the upside not so much.

I’m not sure I agree with Thompson that the big banks are buying gold hand over fist down here, but I do think they fleeced the funds yet again by washing out all the longs at $1180. I guess I’m not sure that the banks ever intend to be long.

What in the hell is the DOW up 150 pts for today anyway? Weak housing numbers this am??

Oil looks ready to breach $40 but somehow I bet oil shares are up.

Obama yaps and yaps ..blacks yap Black Lives matter ,black lives matter yet blacks kill more blacks than any cops do !  Tell it to yourself first then someone else might listen ..Pathetic….Politicians next will be yapping Syrian Lives matter Syrian Lives matter ….well NO    they dont IF SYRIANS dont think so ..   and apparantly they dont …Why should anyone else listin?      Whose CAUSE is coming to America next ?  Stop the POLITICAL Bullshit ..enough already !    DONT COME HERE IF YOU DONT HAVE ANY SELF RESPECT  …NOBODY ELSE WILL RESPECT YOU …

Barack Obama microphone gaffe:
Quote: “After I get elected, tell Putin ‘I’ll have more flexibility”

http://www.telegraph.co.uk/news/worldnews/barackobama/9167332/Barack-Obama-microphone-gaffe-Ill-have-more-flexibility-after-election.html

Comment:
I don’t believe anything they say, anytime anywhere anyhow. I’ve caught them in way too many lies. I only believe what I think, and nothing else. The ONLY time they tell the truth is only after most people already know of something. Then they HAVE to admit it or look stupid.

USA and communist Russia, have always been net allies, but put on occasion “make believe” we are enemies to promote the war spending sector of both economies. Remember when USSR imploded? The USA was supposed to get a tax break regarding defense spending. “Piece Dividend” I think they called it.

Well it NEVER happened. And even the Russian people got no tax breaks. Russia was STILL sending up rockets of money into outer space. When people complain to me about poor people getting free cell phones and food stamps, I remind them that many gov’t supported or provided jobs are the same as welfare, but even MORE costly.