test

edit seems fine here.

http://futures.tradingcharts.com/marketquotes/SI_.html

from ZH:

whatswhat1@yahoo.com  BaBaBouy Sat, 03/31/2018 – 16:05  Permalink

Thanks!

Edit bottom was just tested and worked fine for me.

But really, in a post-bailout anything-goes nihilistic Idiocracy, chasing revenueless Biotech, value-less crypto-currencies, over-hyped FANG stocks, and condo flipping,

What’s one more fraud?

I just watched a new movie on Netflix (and in theaters) on Chinese IPO fraud propagated via U.S. financial markets…

The fraud itself is very straightforward and overtly corrupt: Companies based in China cannot be investigated by the U.S. SEC, so their U.S.-filed financial statements are taken at face value. Meanwhile, the “Big Four” accounting firms have branch offices based in China whose audits are essentially corrupt and worthless. Which is deja vu of the ratings agencies in 2008s subprime debacle. So, for example, “PWC” may give its imprimatur to China Corp. but the audit findings are meaningless. The company may not even have employees. In addition, the Chinese government has a policy of never prosecuting fraud perpetrated on foreign investors. Which means that ALL U.S. listed Chinese IPOs – currently in the neighbourhood of $1.1 trillion – could be fraudulent to lesser or total degree. No one knows.

The documentary starts out by describing ~300+ reverse mergers that took place in the immediate aftermath of the subprime collapse. These were Chinese companies that were merged with near-defunct U.S. companies, so they could skip the IPO process. The U.S. companies were already listed. These were almost entirely frauds. 

Most of these reverse merger companies have already been delisted to the tune of ~$50 billion in investor losses, but here is one for example:

http://ponziworld.blogspot.com

‘The Gig Economy’ Is The New Term For Serfdom

“The corporate architects of the new economy have no intention of halting the assault. They intend to turn everyone into temp workers trapped in demeaning, low-paying, part-time, service-sector jobs without job security or benefits, a reality they plaster over by inventing hip terms like ‘the gig economy’…“

I agree with you that there is no doubt that G&S will make their big move with very few on board-it ill be the most doubted bull market in history.

Gold is just flat ugly, silver looks good but who knows?

https://www.cftc.gov/dea/futures/deacmxlf.htm

Look at the propagation of cryptocurrencies.  It is open-source software.  Anyone can make cryptocoins now.  Blockchain technology will be adapted and propagate to may different ledger-type uses.  But the Bitcoin bubble has burst… hard.

When I got into bitcoin at sub-$10 I saw the possibility of a huge bubble as it was adopted.  It was the perfect test of Elliott Wave, and it panned out as predicted, without external manipulation as seen it other markets.   I made good on the rise.  I got out before the peak, but that’s OK.  It went higher than I ever dreamed possible.  Breathtaking to watch.   But the Elliott waves to the upside have been fulfilled, and now we watch the downside manifest.   Bitcoin will die.  Blockchain technology will spread to many, many other uses in accounting.

If gold goes down, so will steel aluminum oil plus many other commodities, and shut down many producers. He’s predicting a deflationary depression coming out of the closet I guess. The stealth growing depression in the USA after 1975 has had the USA on artificial life support.

This is why TPTB are scrambling in panic mode to soup up the US economy for future harvesting by the global commune-ity. Orrrrr, by looking at all the deficit spending they want to get as much “bang” as possible out of the present system before it implodes. You know, ships tanks roads corporate welfare etc.

What happened to the “edit” feature?

Western Central Banks collectively have Gold stocks which, in an emergency, can be used to temporarily  suppress a gold price spike. However, none of them have an emergency Silver supply. For over 15 years we have been subjected to a barrage of Silver Propaganda that a major shortage and price spike…to the moon, is now at hand. Yet, through it all, the TPTB scounged up enough Silver to satisfy demand. If, there is a major demand spike for either Gold or Silver you will see it in price…especially for Silver due to the lack of reserves. Comex  and shorting can’t stop that.

Yes. Sad but I’m afraid all too true

Some thoughts from James Mc on the epic situation in silver…

There have to be well-connected people who know silver is the most undervalued product on the planet. I have always believed however the only other entity who could ever take on the cartel would be another Sovereign. You’ll never win against the Fed printing press unless you have your own printing press. I’d like to think 230K OI with $16 silver is so extreme that the only possible resolution will be to the upside. We’ve seen however too many Houdini acts where the cartel just magically gets out from under their shorts. The question is, when do they run out of Houdini acts? I’d like to think Harvey’s EFP deal is saying NOW.

Likely Sovereigns taking on the cartel: China & Russia. Maybe this anti-Russian mania has gold and silver roots….

Every major fiat currency is convertible to physical gold right here and now. Crazy Petroyuan analysis is going on now suggesting a major rise in the price of gold and a return to a gold standard due to China’s actions. It simply is not in the interests of any major fiat nation to return to a gold standard…that includes China, Russia, Japan, Europe, USA, etc. That would place budgetary restraints that would greatly limit their desire to spend as they desire…it would place a major restraint on them and clearly they ALL don’t want that. If, the yuan was to greatly appreciate then their exports would become more expensive and they would lose market share. If the PetroYuan caused the US dollar to greatly depreciate then US exports would become that much more competitive.

Here’s my understanding. Armstrong was imprisoned for about 13 years (?) because he refused to divulge his model to the PTB….but he was never charged with a crime(?). While in prison he was attacked by an inmate with his typewriter and nearly killed? He was allowed to publish a newsletter while he was imprisoned and somehow managed to sneak it out on a regular basis to keep his popularity as a trading Mogul? Then by some miracle he was suddenly released from prison, apparently forgiven of any wrongdoing, and continued publishing his newsletter and using his model to accurately predict the cycles, one of which I remember was that the DOW would continue up to over 30,000, (I think?) which it has almost done, and because he has been so accurate in his predictions he is considered a Guru of unquestionable repute.

At the time of his release, my thinking was “why was he suddenly released from prison and forgiven and allowed to continue his reputation as a market Mogul with no interference?” …..and my answer was “because he has agreed to use that great reputation to discredit PM’s and discourage investors from even looking at that sector.”

So now he predicts gold will go sub $1000 and he has this unblemished and untarnished reputation to support him, so who would be stupid enough to buy into the PM sector and go against someone with such a stellar reputation???? The only one I know for sure that will do that is yours truly, Silverngold, because IMO silver is going to $120 and gold is going to $3600,  and XAU is going to 321, and it will all happen between May and December 2019, and 99.99999999% of the investing world will be sitting on the sidelines, or on the wrong side, and wondering what in the hell happened….And a final thought is this: All those who are using the ETF derivatives to make their fortunes…..be prepared to lose it all since all of the counter parties will default and leave you holding an empty bag…..but best of luck to all from Silverngold.

Whilst every time Andrew Maguire goes on air, the paper price of gold is trashed, correlation is not to be confused with causation. At 15.00 on the last Friday of every month (perhaps today as tomorrow is Good Friday), the BIS tries to window dress its trillion USD underwater derivatives book for reporting purposes. Therefore the paper gold price action of the last 24 hours was caste in stone.

The bad news for the BIS, Cartel and LBMA is that the whole world is now waiting for this end of month market action and seeks to capitalize upon these waterfall paper gold price declines as unmissable windows of opportunity for physical gold acquisition.Many astute investors are also loading up on physical gold in order to ‘front run’ the imminent seriously large physical gold purchases for the ‘alternative currency’ -kinesis.com-that will go live in October 2018. If you are in paper gold only (including unallocated gold holdings) you will simply be ostracized from this ‘party to end all parties’ (If you haven’t listened to this interview at least twice, then you are not really serious about the gold market)

Denis Gartman believes that as soon as the Venezuelan Central Bank has completed its disposal of (184?) tons of gold, an orderly gold market will return. Andrew also believes that it will be ‘business as usual’, but only until the impossible, unsustainable strain and tightness in the physical gold market causes a massive price ‘reset’, probably over a weekend, and it may be soon.

Whilst I have been immersed in GATA’s attempts to unravel the corruption, and manipulation of the physical gold market for a decade, I still find it difficult to get my mind around the magnitude of this imminent unraveling.

Exactly.

The idiot funds are long gold futures out the kazoo that will need to be dumped when they are disappointed again.

That’s the definition of an idiot no? People who repeat their mistakes time after time (many many times for the idiot paper precious metal traders — does that make them  extra stupid?).

Heaven forbid they realize their mistake and buy physical creating a self-fulfilling prophecy by stripping the market of actual supply (in a market that supply is not UNLIMITED like in paper precious metal markets — does this make them extra stupid as well?).

That would be out the question apparently for these behemoths of finance — our financial geniuses.

Chuckle

I’m thinking TPTB can change the price of anything on the futures market. Which in turn modifies supply and demand. Is there or will there be a Yuan futures contract? And which country pays the highest interest rate to attract demand? The USA I suspect.

https://www.silverdoctors.com/gold/gold-news/hugo-salinas-price-oil-for-yuan-will-bring-the-u-s-to-its-knees/

‘This is the single biggest change in capital markets, maybe of all time’ – Union Bank Switzerland