Loading ...“Lead will probably be top dog in the end.”
Sure hope that doesn’t happen … but it’s a real chance. The socialists have been brain washing the kids for a long time.
Cheers
ipso facto @ 9:50
That’s what I think too.
Lead will probably be top dog in the end.
Just ask the folks over in Hong Kong.
Cheers
Maddog
Maybe a third bank will do the trick … or perhaps a collapse is already happening behind the scenes.
Without true price discovery who knows what is really going on.
We probably won’t have price discovery until the whole shebang crashes down … then we will find out what gold is really worth.
Cheers
ipso facto
Wouldn’t surprise me if HSBC ain’t got a Deposit run on, out of Hong Kong, or soon will have…..so with DB on the ropes as well, that makes two Derivative monsters in deep doo doo.
Someone told me decades ago, never do biz with HSBC, total cowboys…
CME Pledged Gold: Did The Comex Rescue HSBC
A couple days after the CME allowed clearing members to use warehouse warrants as collateral for the mandatory performance bond, the new form of collateral was implemented by HSBC.
With help from Craig Hemke (TF Metals Report) it appears as if the Comex activated a low-grade rescue of HSBC. Chris Powell at GATA believes this “hypothesis fits the decades-long practice of the international gold price suppression scheme of governments, central banks, and bullion banks. That is, to keep metal moving around so fast that it can be applied to pressure points before its real owners notice that it’s missing — to make a single ounce of gold seem to be in as many as a hundred places at once.”
cont. https://investmentresearchdynamics.com/cme-pledged-gold-did-the-comex-rescue-hsbc/
scum don’t want AU above 1470
@ 8 hrs ago, most mkts had built hourly flags AU had a bull flag, Dollar bear, SM bear and Bonds a bull…they all broke out and then reversed as scum took all the mkts on…..
We now have the SM breaking to new Hi’s as if ystdy never happened, all tks to scum.
I don’t know about the Trump food thing
But Alex Jones seems more like a shill every day. I watched him in video taped court depositions within the last 6 months or so, and I’m not sure he’s dealing with a full deck. He says, “I don’t know and I can’t recall” more the Bill and Hillary do under oath. I used to like him and knew he was out there. Now I think he’s just doing things for ratings.
Hmm … “Food Tester for Trump” I hope it pays a lot!
EXCLUSIVE – President Trump makes unscheduled stop at military hospital to undergo battery of tests for possible deliberate poisoning of food with “time delayed” chemical agent; food tester gravely ill – White House connected source
Here is the story of the tunnel tragedy (in 1905)
Train Breaks In Tunnel.
A dispatch received from Port Huron last night told of the accident, as follows:
A coal train broke in two while passing through the tunnel and three of the train crew were suffocated while part of the train lay stalled in the tunnel; the engineer lost his life when he returned and endeavored to push the stalled cars back to safety, and two other rescuers perished in vain attempts to penetrate the gascous[sic] atmosphere of the great tube.
The dead are: A. S. BEGG, Port Huron, superintendent of terminals; Engineer JOHN COLEMAN, Port Huron; Conductor J. B. SIMPSON; Conductor D. T. TINSLEY; Brakeman THOMAS McGRATH; Brakeman D. A. GILLIS, all four of Sarnia.
The train, which entered from the American end of the tunnel, was made up of seventeen coal cars. When it broke, Engineer COLEMAN realized that the accident had happened, and with the three cars that were still attached to the engine, steamed out of the tunnel into the Sarnia yards. He hastily detached his engine and went back into the tube for the stalled cars. When his engine reached them he attempted to push them back through the tunnel and out of the American portal. The grade proved too steep, however, and the engine and cars rolled back into the gas-laden tunnel. The engineer was suffocated at his post in the engine cab. His fireman, FRED FORESTER with great presence of mind, jumped into the partly filled water tank of the engine, where there was enough air to preserve his life, although he is in a serious condition to-night.
When news of the broken train reached the American side of the tunnel, Superintendent BEGG, accompanied by two other employes, started in on foot, hoping that the train was near enough to the entrance so that they might rescue and carry out some of the crew. They had gone but a short distance when the coal gas became stifling and BEGG succumbed. The other two rescuers succeeded in crawling to the portal of the tunnel on their hands and knees.
Meanwhile preparations were being made at the Sarnia end of the tunnel to rescue the imprisoned train crew. An engine with a party of rescuers entered the tube and had proceeded but a short distance when they found JOHN HALEY, a track walker, lying unconscious on the track. He as taken out and again the engine plunged into the gaseous atmosphere. The rescuers were overcome, however, by the gas before the train was reached, and Brakeman McGRATH died. Switchman BLAKE, who was a member of the party, after a time made another attempt to penetrate the gas, and by this time succeeded in making the stalled engine, coupled it to the cars and ran the train out into the daylight. SIMPSON, TINSLEY and GILLIS were found dead in the caboose. Fireman FORESTER was in the water tank of the engine nearly two hours before he was rescued and his escape is little short of miraculous.
Alex
I guess if you travel unconventionally on a train best to bring a gas mask or some sort of portable oxygen. Sheesh
Wonder what would happen although less likely in a storm if lightening or something electrical hit those cars? Probably not good either.
We day camp near the east portal of the Moffat along the stream
and the fan noise is pretty noticeable. It’s large.
Maya & Bob
When I was pre-school , we lived next to the rail tunnel which passed under the St. Clair River , built over a century ago . The story was told that a train was delayed while in the tunnel and had to build up steam again to complete the passage , asphyxiating some aboard .
When we lived there , all trains stopped at the closest stations on either side , and electric locomotives were used to move the freight or passenger trains across , including the steam locomotives , as I recall . This was the main international line between Montreal/Toronto ( and Chicago , I believe ) . The Pere Marquette RR spur took trains to Detroit on the US side . We had a foundry in town which cast engine blocks for Ford – probably on both sides of the border .
Bob @ 0:26 – tunnel gas
Wow… I didn’t know the railroads would allow extra riders in the locos. I heard US railroads would sometime ‘deadhead’ crews in the rear locos if they needed to get back to home base from some remote locations.
Some long tunnels have extreme ventilation systems like the Moffatt tunnel above Denver on the continental divide. There are roll-down barndoors and huge ventilator fans at each end of the tunnel that perform mandatory ventilation after each train passes. The next following train must wait in the siding until the tunnel clears before being allowed through.
Imagine the old days of steam locomotives going through these long tunnels. Back when a caboose was mandatory, the poor guy at the end of the train had to endure a bit of tunnel gas also, although the long train ahead helped clear the smoke a bit.
treefrog
“bottom fishing opportunity?”
Could be. I’m not real familiar with Victoria.
Cheers
Bullion Banks re Gold, Unallocated Positions rarely result in Physical Delivery – Demand is Diverted to Paper
Bullion Banking Mechanics. Very Long Article
parts
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.
While some of the above financial market activities sound innocuous and would be expected to be normal activities of any merchant bank / investment bank involved in the financial and commodities markets, the unique structure of the modern-day global wholesale bullion markets as well as the unique monetary characteristic of gold and silver mean that it’s important to appreciate how bullion banks carry out these activities.
Since unallocated account transactions in the London bullion market are rarely used for physical delivery of gold, the trading of such paper gold diverts demand into paper gold that would otherwise have been channelled into real physical demand. Therefore, the price of physical gold is not reflecting the demand that it would have reflected if paper gold alternatives did not exist.
https://www.bullionstar.com/gold-university/bullion-banking-mechanics#heading-19
Five banks open up trillion-dollar gold club?
From March ’18
The reform is part of a broad overhaul of institutions that underpin the world’s largest bullion trading center to make them more transparent after accusations of price manipulation by banks and traders and pressure from regulators.
Tighter regulation since the financial crisis a decade ago and allegations that several bullion banks manipulated gold and silver prices have forced London’s gold market to open up to scrutiny and modernise its key infrastruc
Gold, silver, platinum and palladium price benchmarks set in the city and used by buyers and sellers worldwide have been taken out of the hands of banks to be run as electronic auctions by exchange operators.
https://www.cnbc.com/2018/03/08/five-banks-open-up-trillion-dollar-gold-club.html
ipso
thanx for the heads up about victoria. consolidation may cause a sizeable dip. bottom fishing opportunity? it won’t cost anything to be watching vitff closely when trading re-opens wednesday.
Bob
Sounds like you were successful and in the know train hopper except for that one unforeseen event that was probably scary.
Luckily you didn’t stop breathing.
Back in the 60 s as a young teen I thought about doing that to visit relatives going between Wisc in Calif instead of them having to pay for travel by plane so I could visit more often. Of course I would if had to plan it without either parents permission.
They while planning one at about 14 I guess God sent me a message don’t do it.
I usually didn’t read newspapers yet them but for some reason I picked one up because I saw a train story on it.
Three teens decided to hop a train but unbeknownst to them the doors automatically closed on them and stayed closed for three days. They had no food or more importantly no water. They said something about trying to catch water droplets at times. They were scared and dehydrated. Another day they may have died.
I was reminded about that when you mentioned that they left water inside the units.
Either they didn’t there or it was the story that started the checking the units and leaving water. Lol
Share Consolidation … small players nightmare … 15 to 1 … yikes
Victoria Gold: Share Consolidation and Change in Year End
https://finance.yahoo.com/news/victoria-gold-share-consolidation-change-110000429.html
Bob @ 0:26
Thank God for the Angel riding on our shoulders protecting us from our younger year’s craziness!