|The Central Planners/One Bank are trying to deal (wipe away)everything they can
judge could happen and keep Joe Bloggs thinking all is well.
As Mr Rickards has suggested for so long- It will be what they haven`t foreseen
that will send their Robots into confused meltdown as Humans won`t know what to do?.
With so few Humans involved in the Martkets -it is all in the hands of Robots now
as they destroy shorts and then get confused where their food is next.
What do they do when they have eaten all the weak longs possible in Paper Gold ?
I watched Gold race out out of gates last night-and then meet the night watch
along with all else.|
|thanks, still looks interesting IMO...let's see how the price of gold reacts to future uncertainty and more inflationary spending by Trumptowers in the USA!|
|latest Edison report
|The message from the Central Planners is simple:(in their panic Robot controlled
You don`t trade the longside of Paper Gold for an event that is assumed to make Gold soar.
Like The Trump victory- the Central Planners/One Bank have had time to formulate
their plans for the "event"and a big part of that is holding Gold down
by any means so it is not (yet)the flashing neon lit Barometer of financial armageddon.
Mr Gold tells what is taking place and in a different format it is similar to:-
King Fed is King of the Cannibals.
Yet,he suffers a brain problem and in His confused progresive madness tells His
Cannibals they need to become stronger and eat more.
They then gradually devour their way through their food supply to the point they have to start devouring themselves until the only one left is King Cannibal Fed
who has to now eat Himself and then they are extinct.
Arguably the logical thing to do for those that can sell their Physical Gold at premiums to paper Gold,would be to do so and convert that into Paper Gold at the bargain and then demand delivery.
Problem being that delivery is merely an IOU and could be just a delivery of $Dollars or at very worst 0.
The carnage is building up and those trying to get their Physical allocations
will be quite prepared to pay whatever the price in premiums to their Currencies
until the days of buy the Markets and prop up the $dollar will also meet their
King Cannibal scenario.
For the moment(which may last a while longer)it is devour the Market shorts,Gold longs,and prop up the $Dollar with whatever it takes until they cannot
Until the Food supply for that action runs out-and then !!!?|
|It is blatantly obvious that if JP Morgan(Dracula)sat on its tentacles for any reason,some Comex shorts would be toast or more appropriately blood infusion for Dracula.
It can only be assumed that Scotiabank, as a useful gofer for Dracula in Comex Silver,trusts whatever Dracula has promised them.
If not- Scotiabank could be drained of blood.
I bought some more Physical Silver Friday.
Whilst there are only the known Guarantees in our nanosecond existence,imagine how some in Zimbabwe wished they could have put their life savings into Gold instead of watching them go towards 0 worth ,in weeks.
Imagine that Z$75Billion for a loaf of bread !!!|
|Whatever you think- It is chaos out there and closing the curtains doesn`t make it go away.
The US economy is in tatters and the Robots are destroying everyone.
So many differing opinions about the possible Politics of dumping everything onto Mr Trump`s shoulders as opposed to Obamageddon who is on the verge of being the worst President (economically) in all time.
So many so called experts seem to have differing opinions of why the $Dollar is so obviously being "held up" yet some point to a potentially devastating Carry trade
"Dr. Roberts, who was an Assistant Treasury Secretary in the Reagan Administration, says, “The markets are all rigged. So, when you try to look at the markets in traditional ways such as price/earnings ratios, earnings growth, or sales growth or any kinds of things like this, they don’t know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook. In order for the Fed to protect the dollar, the dollar’s exchange value from the massive outpouring of dollars that the Fed created to buy all the bonds, they had to stop the dollar from falling in relation to gold. So, they have to go in and sell massive amounts of gold shorts in the futures markets. This is how they knock the gold price down"
So- what does Yellen do next,as ironically the initial Jobless report was so awful
that ordinarily it would have caused Gold to rise,but then for many Physical Gold
is rising whilst Paper Gold still only truly offers a potential of 0.
Opinions opinions-yet so many are borrowed from those that have no clue,nor honesty.|
|Hi Beeks - or just filter him, It works for me :-)|
|Groan!Running a slide rule over these again however forgot about the thread essay writer. Will look elsewhere.|
beeks of arabia
|TRUMP LIKES GOLD ~
The return of real money has made a triumphant re-entry into the US economy with the recent acceptance by The Trump Organization of gold bullion as payment for a commercial lease property. APMEX, one of the largest dealers of precious metals in the US, paid Donald Trump‘s company three, one kilo bars (roughly 96.45 troy ounces) of .9999 pure Gold as a security deposit for its newly-leased space on the 50th floor of 40 Wall Street, also known as the Trump Building.
Representing the first time in history that Mr. Trump’s organization has ever accepted gold bullion as a money payment, the transaction is truly groundbreaking. Not only does the property APMEX is leasing take up the entire 50th floor in Mr. Trump’s “crown jewel” of lower Manhattan, but the sheer scope of its lease agreement proves once again that using Gold as money is a solid and viable way to do business.|
|Cognitive Dissonance is everywhere,and no wonder.
Something that has inflicted nearly every Fund Manager and Investor,most of which have lost countless amounts of money backing what they thought was their opinion against the Robots programmed by the Central Planners and supported by their Confetti.
I have been following statements from Mr Druckenmiller,a money man few would dare to challenge.
He states that He had been short the market heading into the election, expecting a Clinton victory and was prepared to short more had the market rallied "based on the quagmire of no options left after the eight year-old experiment of low rates."
Personally I believe that the Central Planners and their Robots were all ready to ramp the Markets up- regardless of who won and that is what we are witnessing and why He flipped,and thus His shorts would have been crushed regardless,yet for how long
is like guessing whether the Summit party will ever take place.
He then says he decided to back the Trump equivalent of the profits from believing an expedition that intends to climb Mount Everest by the most dangerous route in the worst weather forecast in decades will be a huge money maker when they have the "summit celebrations"
All good for Mr Druckenmiller to talk His own book,which He is of course good at,yet
those that follow Him should also understand He can and will change His stance at a stroke,yet only tell His followers "after" the event.
Whilst I am glad Mr Trump is President,and at least Has his own ideas for the economy
I dont believe for a moment that Mr Druckenmiller will remain unflinchingly for the Summit Celebrations as He is more trying to follow the Robots than forecast the future,as that is His future in leveragad bets.
With so many dangers out there- reaching that Summit more needs a miracle than "hope"
so over the months will see who invests in "Miracles"
So we have opinion that.............
Gold will fall because of Deflation ?
Gold will fall because of inflation.?
(We could witness deflation & inflaton at the same time !!!!????)
The World will flock to the $Dollar
(Doesn`t Trump want strong Manufacturing growth,yet Exports would surely collapse,with a flood of Cheap for the $ Imports collapsing already
collapsed Manufacturing ?)
Trade Wars !!!
Doesn`t a strong $Dollar bring deflation to the US !!! ?
Maybe Italian Banks,refugees,War,bankrupt Consumers and a possible Tsunami of sub-prime property debt starting from Australia (or somewhere),collapsing Europe,
will all add to the Cognitive Dissonance.
I will stick to the hope of Gold & Silver rather than the Miracle,yet maybe
Cognitive dissonance will be my downfall too.|
|Indeed richgit, the panorama will become clearer and not too far out. I certainly don't regret buying into a basket of 5-6 pm stocks, with a good % of cash plus physical.|
It would seem the US retail figures have been heavily massaged/invented.
That suggests the Fed will unwittingly raise interest rates on a weak economy.
with a following devastating consequence.
But is the Fed so unaware of the false propoganda they support !!?
Whilst everyone is being forced to move to one side of the Titanic we may get some more paper Gold inflicted pain in this Dot-Com type euophoria being engineered.
Whilst Gold and Silver remain the only true money around,and also currency that cannot be printed, both will eventually have to rise some huge percentage to
even fractionally catch up with with the printing of other currencies taken place and to come.
The Central planners have gone far beyond the point of being able to do anything within the realms of sensibility so they will ratchet up irresponsiblity as it is the only game in town now.
We are surrounded by chaos and the Banks are going to digest more debt delinquency which is going to be moved into the Black Hole for most,yet no doubt
there could be some sacrificial lambs unless they print enough to stuff all
the $trillions of bad debt into the Black Hole, so delinquent Banks can start
the process over again (and again).
I am just going to be a hedgehog through December as no doubt the Central Planners will attempt to support and deny whatever potential Carnage Yellen inflicts.
The major Physical Gold buyers will be busy in 2017 until there is nothing left
for Joe Bloggs in the bargains we are witnessing.|
|richgit, you have spoken about these things and for many a year...
In my opinion it is now (possibly) too late to sell small gold stocks, however AAU and EUA have not fallen (in sympathy) with PM's recent decline: the latter has monstrous potential with the platinum complex being financed by 'official' China etc = apols all for the O/T
Anyway the last para of the above clip stresses a scenario where owing physical is the way to go for a portion of one's wealth: plus caveats|
|The vast Majority of Americans will not have noticed the claimed fractional improvement of the Economy ( all assuming there was/is any (temporarily).
In election year that has cost $1.8trillion of further Government borrowings which in any Accountant`s audit is - seriously bad maths !!
As the Lemmings all follow each other (or follow the Robots)some will find they are a step away from the Cliff edge.
The next step could be critical as Yellen has her Elvis moment "caught in a trap"
With a 100% assumed certainty of a rate hike there is no room for surprises,yet
Mortgage rates will surely be critical for Builders and all their "peak starts"
Whilst things are never like for like I remember all the "starts"in Spain at their peak that remained as "starts" for years after -and 8 years later many are either still started or abandoned in the Bankruptcy courts.
If we get $1150 for Gold it will possibly be the buy to not look back on as Russia
piled in for more in October and the Indian prime Minister can never stop its people buying Gold,and most certainly their own Central Bank will need more Gold
All Central Banks will need to buy more Gold regardless of whether Joe Bloggs leaves it too late.
Should we also freeze a loaf of bread which was worth Z$75Billion in Zimbabwe`s
past game with Inflation.|
|I cannot verify the figures,
However -I have read that for the whole of 2015 the Comex was only asked
to deliver 51 tonnes of Gold from the Casino, which is about par for the course
for a Paper Gold Casino that has virtually 0 to do with Physical Gold,and wholly reliant on a 100-1 leverage of virtually 0% demand of delivery.
So far this year they have had to deliver 191 tonnes, of which 168 of those are since May- with June & August totalling 90 tonnes !!?.
That would explain the frantic manipulations into the futures markets etc as the Comex has been desperately trying to save/scam/threaten for every tonne possible to meet December deliveries.
We possibly have to wonder what premium they may offer to some for not taking delivery.
Yet,some would have us believe there is no demand.
As Eddie George stated "We would have done anything to hold Gold down"
Then eventually they couldn`t.|
|Yellen talks about fears of excessive risk taking with excessively low interest rates.
The excessive risks have surely already been taken to maximum -
In Property(that could fall in value)
Multiple year car loans(already hitting sub-prime),
Credit Card debts (climbing in defaults)
and the obscene and absurd huge borrowings for stock buy backs and dividend payments.
When just those few problems come home to roost on the interest rate hike ?
But then when was anything reality,as we have to go back decades before the US
became the West`s drug baron of debt addiction.
With a virtual 100% belief the Fed will raise in December,which assumedly they will, then arguably Gold has priced it in with no surprise element left.
Of course I wouldn`t "short term trade" anything in these Markets unless I could
communicate with the Robots|
I am just concentrating on what extra finance I could release for 2017 for any judgement of the right time to deploy it,as I would prefer to now back any convincing rollercoaster with extra funds and just sit tight in the meantime.
It will be a fascinating year with the Fund Managers all talking their own book(as usual) and no doubt headlines of Inflation & deflation (possibly running concurrently).
Short term Traders will spend more time with their Psychiatrists as they lose all self control over their own beliefs and opinions-with Gold possibly rising and falling $100 in days in what should be a gradual stair step up and possibly the full extent of falling Gold production becoming glaringly obvious in 2018.
Of course all assuming Trump survives whilst Soros finances potential US Civil War.
|With the cash crisis in India pog is in the region of $2800 there at the moment.|
|Gold’s dwindling pipeline of new mines is poised to usher in a decade-long output slump, spurring prices and delivering a new impetus for deal making and industry consolidation, according to Goldcorp Inc., the third-largest gold producer.
Mine supply may fall about a third in the 10 years to 2025, according to Bloomberg calculations based on forecasts from BMO Capital Markets and Randgold Resources Ltd. The number of newly discovered primary gold deposits fell to three in 2014, from a peak of 37 in 1987, according to Melbourne-based industry adviser MinEx Consulting Pty.
The number of deals in the gold sector this year is the highest since 2011, as the metal’s price surge has spurred producers to trade assets to add production or to improve the quality of their mine portfolios. Goldcorp is reviewing opportunities for acquisitions or partnerships including in new discoveries and existing assets, both in the Americas and further afield, Telfer said.
“What we’ll possibly see is consolidation in the industry as a result, whether that’s a large company taking over smaller ones, a number of smaller ones getting together, or even two or three large companies being merged,” Ian Telfer, chairman of Vancouver-based Goldcorp, said in an interview. “No CEO wants to run a shrinking company.”|
|Peter Boockvar points out....
Bankrate(dot)com said the average 30 yr mortgage rate rose another 11 bps yesterday to 3.88%, up 41 bps over the past week.
At last Monday’s 30 yr rate of 3.47%, a $300k mortgage would have a monthly payment of $1,342.12. At the 3.88% rate, the monthly payment would increase by about $70 to $1,411.57, a 5.2% increase.
Mr Trump isn`t even testing His seating position yet,as the Mayhem markets and
their Robots are trying to price everything for when He does.
I confess that my own agenda used to include Oil as I read everything possible
over the years about the virtually unanimous opinion there would be an Oil crisis
and shortage by now.
How that got turned on its head is something to tell the Grandchildren,so how
these high speed munch everything robots can price hindsight will be another story to tell.
With 90% belief the Fed will raise in December- I just hibernate and wait for
the possible carnage of mispricing - hindsight.
I remain to the only foresight that if "Physical" Gold demand remains above what comes to Market that the source of the supply deficit continues to be drained and at some point becomes "drained" !! (but when ?)
If only we could have Hindsight as foresight,yet those relying on Mystic Meg
to tell us what the Robots will do next may as well just revert to the Monkey/Chart/Pin sticking -as no doubt they will be right at some point assuming they survive the wrongs.
No wonder so many Fund Managers have given up.|