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Re Bonds there is also talk that BoJ is gonna slow it’s purchases outright of ALL bonds.

The thing about the Bond mkt is that it is way bigger than the SM, but the real kicker is that once it turns, very quickly no-one is making money, other than by running to maturity and coupon cliping…but at negative/near negative rates u don’t even have that incentive, so panic sets in real fast plus there are no buyers and panic becomes terror even faster.

The scum have to hold this thing, because whatever the news, China trade wars, BoJ normalisation etc…once it goes the news won’t matter for quite a while, as everyone pukes.

https://www.zerohedge.com/news/2018-01-10/bill-blain-moment-weve-been-waiting

Eisenstein looks like a sneaky liar you couldn’t trust to take out the trash. It would just be more lies and undermining the trust of the people.

Stock went from 2 to 6 something. They announced they’re going to start their own crypto currency. Lol The crypto craze.

9 minutes in SLV goes negative, GLD next

They are hitting the VIX, levitating the USD, which means the SM will be coming back

Time to call it a day – the beat goes on

The more Trump talks ‘trade war’ with China and today’s leak the Chinese are thinking of slowing Treasury purchases?

Interesting times ahead.

and so far there is zero volatility….which means the scum are taking everything offered !!!!!!

Maddog – agree rates are key and in a massive bubble, they threaten everything, especially US debt. If they start to spiral out of control you can bet the Fed will be cutting and buying. As far as everything else today, it just looks like more of the same. Contain the metals, bring the SM back, hit the VIX, box in the pm shares. If there is any sense of a crisis the first thing they’ll always do is go after the pm’s.

Ipso – maybe that Klondex CEO ought to join Neumeyer, he probably wouldn’t have those problems if pm’s were priced fairly. If these CEO’s don’t join the chorus they might as well be complicit in the scam.

I don’t see anything new here today, just going to be more disappointment.

The miners would LOVE crowd funding. Neumeyer’s idea of using block chain to price gold sounds good too. I agree anything to get the gold price and mine financing out of the hands of the bankers would be a great step forward.

Shutting down production sounds good to me too … we could have a mining “opec.” We’d see crimex squirm then!

Treasurys Tumble, Futures Slide On Report China “To Slow Or Halt” Treasury Purchases

The treasuries complex has sold off aggressively across the curve after the following flashing red Bloomberg headline:

– CHINA OFFICIALS ARE SAID TO VIEW TREASURIES AS LESS ATTRACTIVE.
– CHINA OFFICIALS SAID TO RECOMMEND SLOWING OR HALTING TSY BUYING

As Bloomberg reports, “Officials reviewing China’s FX holdings have recommended slowing or halting purchases of US Treasuries, according to people familiar with the matter.”

The reasoning given is that the market for US government bonds is becoming less attractive relative to other assets, while trade tensions with the US may provide a reason to slow or stop buying American debt.

As Bloomberg further notes “The people didn’t specify why trade tensions would spur a cutback in Treasuries purchases, though foreign holdings of US securities have sometimes been a geopolitical football in the past.”

The news has been interpreted as Beijing wanting to send a signal to the US that it is willing to use financial means to respond to any shifts in US policy on issues such as trade.

more https://www.zerohedge.com/news/2018-01-10/treasurys-tumble-futures-slide-report-china-said-slow-or-halt-treasury-purchases

What the miners need is Crowd Funding financing, to take them away from the Banksters…..but $ 5 K gold would do wonders !!!!

But I reckon this time the Rig has got huge problems….. the Bond mkt is stirring, after a decade of abuse….this one smells v big.

She ” Diane” didn’t get in until after the 90s if I remember the dates. She got in as a opportunity after a shooting. the Milk case and probably used anti gun as her platform. Her statements before were that illegals were free loaders and a drag on the economy. That issue was already heated up before she got in.
During the 70s, 80s they were crossing the border in the millions and turning portions of the cities into no go zones. Hit and runs everywhere, theft of anything not nailed down, crimes, then gangs. It was obvious to the citizens that they were going to do nothing about it and when citizens did they were the object of harassment. Many were getting welfare of some sort having children here. The victims or potential victims were a target. Schools were infiltrated and the citizens kids who were paying for it weren’t learning anything no had a normal childhood because of it. Many especially boys lost respect for so called authority figures and caused trouble themselves and parents. Authority took no responsibility.
Now many of the kids today don’t even play outside less very close by and parents are around even if they moved away from these areas being taken over they remember.
Since then Diane became establishment as well as financial opportunist and used that as her platform too.
If she ever was for the people which I doubt, she’s not now.
The Daca pressure is building and this isn’t the first generation. This has been generational. Until now they just use it for their platform for votes.
Then the thieves infiltrated in politics and play the poor illegals and if that don’t work they threaten. The other states should take notes. It will first start with getting millions of foreign voters in ignoring the laws then they will infiltrate.

A friend here who married over seas while in the military decades ago doesn’t agree Daca should get away with going to the front of the line. Says where the rule of law.
The only way they can even begin to try to stop this is make a deal with these crooked Demos who caused it after decades of pain to citizens and brainwashing to the kids.

I think miners shutting down is a GREAT idea! I think all the majors should shut down for 3-6 months for ‘equipment upgrades’, ‘modernization’,  or just to restripe the parking lots. With the PM cupboards near bare, that should throw a wrench into the bankster paper games. I am rather sure the miners would more than make up any ‘losses’ for their extended vacation in the newly discovered price of Gold and Silver. Just a thunk.

Red Eagle Mining Announces Santa Rosa Mill Start Up

https://ceo.ca/@nasdaq/red-eagle-mining-announces-santa-rosa-mill-start-up

I bet the phone lines are running red hot from Washington to Beijing…..begging for a “correction” from Xi and Co regarding treasury purchases..

Meanwhile the 1 % Au rule has held and the SM is well off it’s worst….all scum leave cancelled and All Pepto Bismol production has been redirected to Janet’s office….though she is rumoured to be Dunnybound !!!!!!

Yer welcome.

I sure wish more mining execs would speak out. The rig’s like a dirty secret that everyone knows …

Is that a comment on our millennial work force? 🙂

Klondex Announces a Reduction in Underground Operations and Workforce at True North and Executive Management Change

Vancouver, BC – January 9, 2018 – Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) (“Klondex” or the “Company”) today announced a change in operations in Canada, which includes the immediate reduction of underground mining operations and workforce at its True North mine in Manitoba, Canada.

Following an extensive review of recent operational performance at True North, the Company has decided to limit underground mining to areas already developed. Once these areas are depleted, underground mining will be suspended. The decision was largely based on the site’s inability to achieve planned operating and cash flow metrics in 2017. Preliminary full-year 2017 gold ounce production from True North is estimated to be approximately 24,000 – 27,000 ounces, which is less than the 35,000 – 45,000 ounce range of the Company’s guidance.

The mine will be placed on care and maintenance status after the developed areas are mined to review strategic options and to provide optionality at higher metal prices. The Company will continue to process tailings, as contained in its reserve estimate, through the mill for the foreseeable future in order to maximize cash flow and offset expected care and maintenance costs. Going forward, Klondex projects annual site free cash flow of $2 to $4 million at current metal price levels assuming a processing rate of approximately 1,400 tpd from tailings grading 0.035 Au/opt (1.20 Au/gpt) from April through October, weather dependent. The average tailings grade processed in 2017 was approximately 0.05 Au/opt (1.71 Au/gpt). Additional information regarding True North and Ogama-Rockland will be discussed at the Company’s February 7, 2018 Investor Day in Toronto.

more https://www.klondexmines.com/investors/news/klondex-announces-a-reduction-in-underground-operations-and-workforce-at-true-north-and-executive-management-change

Looks like a lot of long term tades are getting dumped…..Bonds are key here, they say they are the biggest bubble ever, the whole world is long futures, short rates.

I think it is fair to say, that we have to go back a long way and quote Adam of Adam and Eve fame…….who apparently said to Eve….”I’d stand back, I have no idea how big this thing might get !!!!!!”

At some point someone has to ask the Banksters, ” How much longer is that gonna work for ya?”

I guess if you are seeking to replace/compete with the USD on the world’s stage you probably don’t need to hold US Treasuries or US Dollars.

I see the USD is getting hit pretty good.

We’ll see what the riggers have in store for gold.

Rates are up, but there’s no panic yet in the SM.

Yr 17.20

Very interesting….that sounds like a proper plan….great to hear such talk from someone in the industry….

Mny tks.