Thanks for the articles, I’ll check em out.

I’d be real surprised if Glyphosate isn’t outlawed in the US within a couple of years.

On the subject of glyphosate and it’s effect on children, and it’s statistical correlation with autism  best described in the video from Dr, Stephanie Seneff , who has done a lot of  research in this area. Statistical correlation similar to the one with cigarettes and lung cancer , denied by tobacco industry for a long time. She has few videos on YouTube  on the subject . worth watching. Below is just one relating to glyphosate and  MMR and autism.

https://www.youtube.com/watch?v=3a3ykJkqMUk

This ones in Hawaii but it’s everywhere fields are sprayed and pesticides likely the cause of bees being killed off.
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0198876

French beekeepers accuse Bayer after glyphosate found in honey
https://www.google.com/amp/s/www.thelocal.fr/20180609/french-beekeepers-accuse-bayer-after-glyphosate-found-in-honey/amp

A recent study from Boston University and Abraxis LLC, found glyphosate, the main ingredient in Monsanto’s Roundup herbicide, present in honey. The study found that both conventional and organic honey contained glyphosate, specifically 62 percent of conventional honey and 45 percent of organic honey.

Even Organic Honey Contains Toxic Glyphosate, Study Finds

Even Organic Honey Contains Toxic Glyphosate, Study Finds

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In September 2016, BullionStar produced research into how many tonnes of physical gold were actually held in the LBMA vaulting system in London^[16], concluding that there were 6500 tonnes of gold in the London market, 4725 tonnes of which was at the Bank of England, leaving 1775 tonnes at the other vaults.

Of the gold in the other vaults, 1679 tonnes was held in allocated form by the gold-backed ETFs, again meaning that there was a very small residual (less than 100 tonnes) to back total outstanding unallocated account claims.

Even if the bullion banks have access to borrowed central bank gold stored at the Bank of England, that gold is owed to the lending central banks, and therefore has multiple claims on it. If there was a run on the fractional reserve bullion banking system by customers wanting to convert their unallocated positions to allocated gold holdings, analogous to a bank run where all customers want to withdraw their cash at the same time,

then this could lead to some serious problems in the ability of the bullion banks to provide the required gold. Such a situation would undoubtedly require cash settlement of customer positions, a move which would see the price of paper gold collapse, while the price of physical gold would skyrocket.

https://www.bullionstar.com/gold-university/bullion-banking-mechanics#heading-3

We aren’t going to close over $1200 on the week. Commercials will not be net long. The correction is not over.

Just one look at the shares should tell you everything you need to know. HUI about to go negative.

Guarantee by day’s end the USD will rebound and gold will be flat or down.

That’s a bold call from a gamer. These guys have a tendency to cost the unaware a lot of money in times like these.

One might want to wait for silver sentiment to improve as well, which won’t happen until broad market margin players, who at a record, are forced to sell, bringing on a liquidity event, rising dollar, etc.

The old guys with the money are getting older though, which might account for the lack of patience these days…no?

Cheers

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The term bullion bank can be applied to banks which are involved in some or all of the following activities in the precious metals markets: trading, clearing, vaulting, physical metal distribution, risk management, intermediating between metal lenders and borrowers, mine finance and hedging, financing fabricators, providing consignment stocks, generating precious metals market research. This list is not exhaustive.

Bullion Banking is Fractional Reserve Banking for Gold

The core concern with contemporary bullion banking is that it is a fractional reserve system in the same way as commercial ‘cash’ banking is. The bullion banking fractional reserve system also supports highly leveraged trading. Furthermore, the bullion banking fractional reserve system is opaque since there is very little transparency into the banks’ activities in this market.

Nowadays, regular banks also create money out of thin air on the asset side of their balance sheets when they engage in lending. This activity of lending actually brings new money into existence. The key point here is that modern-day bullion banking system operates in the same way as regular fractional reserve banking operates, the only difference being that contemporary bullion banking brings large amounts of paper gold into existence.

In contemporary bullion banking, the amount of gold circulating in the bullion banking system is not fully backed by physical gold. It’s only fractionally backed, and in some cases may be unbacked. The lack of data divulged by the LBMA and its regulators makes complete analysis difficult. You might think, I can see how new fiat currency can be created out of thin air since its either printed or credited electronically, but gold can’t be created out of thin air, can it? The answer is that, in the modern bullion banking system, “gold” can be created out of thin air, and is created out of thin air, as a form of paper gold or synthetic gold.

Services for Mining Companies

Bullion banks provide a number of services for mining companies such as lending gold to those mining companies which then repay this gold in the future out of their future gold production. Some bullion banks also enter into long-term purchase contracts with gold mines to buy their mining output, and some bullion banks finance projects for gold mining companies, structure hedging programs for the same companies, and manage the mining companies’ price risk using spot, forwards, and options contracts.

Physical Trading

A number of bullion banks act as Authorized Purchasers for mints such as the US Mint, or refineries such as Rand Refinery. Some bullion banks are active in making markets in gold coins, such as Commerzbank. In fact, Commerzbank also owns a share in a large Swiss precious metals refinery, namely Argor-Heraeus.

Given the structure of the modern bullion banking sector, a number of concerns become apparent. These concerns are explained in the remainder of this article below:

https://www.bullionstar.com/gold-university/bullion-banking-mechanics#heading-3

Weed-Killing Carcinogen Glyphosate Found In Children’s Foods

https://www.zerohedge.com/news/2018-08-16/weed-killing-carcinogen-glyphosate-found-childrens-foods

Bob Moriarty: We’re In The Exact Same Spot We Were In August 2008

Bob Moriarty: We’re In The Exact Same Spot We Were In August 2008

After 1913 they started an unusual trend, or experiment, of gradually phasing out Gold/Silver backing. The situation resulted in many accomplishments, ahead of their natural time.

Increased artificial money supply enabled WW I,  WW II, Bolder dam, Mt Rushmore, the national highway system, Korean War, Vietnam war, GPS system, Moon landings, welfare public and corporate, the Space Shuttle, cell phones etc etc. Increased Cars TVs and higher living standards in most nations.

Now that most countries are “topped off” most have gold supplies, and the USA went bankrupt in the summer of 2008, the old 1913 system ran its course, and ended that year. So lets not be surprised if one by one these various countries start backing currencies with Gold and get back to basics.

only in scumworld can the above be considered sense. SM roaring back and dollar letting off some steam…so all is well.

Dollar Dumps – Erases Week’s Gains As Yuan, Lira, Ruble Rally

https://www.zerohedge.com/news/2018-08-16/dollar-dumps-erases-weeks-gains-yuan-lira-ruble-rally

“The bottom line is that the prices of gold and silver are being systematically taken down as a mechanism to help cover up the fact that a large-scale financial crisis is going to hit the global financial system. I don’t know the timing, but I would suggest that the EM currency melt-down that began in South America and has spread to the eastern hemisphere represents a series of earthquakes that are generating a “tsunami.”

While I’m loathe to forecast a price-bottom for gold and the timing of the forthcoming systemic crisis, I would suggest that anyone who is shaken out of their gold, silver and mining stocks right now will regret selling when looking back a year from now.”

http://investmentresearchdynamics.com/gold-and-silver-similar-to-2008/

HUI up less than 1 pt.

The nightmare never ends

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’

South African miner Gold Fields (NYSE, JSE:GFI) planned job cuts at its massive, but struggling South Deep mine is really the company’s “last-gasp measure”, Chief Executive Officer Nick Holland said on Wednesday.

The Johannesburg-based firm revealed Tuesday its intention to axe about 1,560 jobs between employees and contractors to reduce activity and lower costs at the mine — its only one left in South Africa.

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’

The Denver & Rio Grande Railroad was not kidding with their
line: “Through the mountains, not around them!”
This is the Royal Gorge.
http://www.railpictures.net/photo/667128/