eagleye13 Loc: Fl

As gold and silver catch fire, what's happening?
https://www.goldmoney.com/research/goldmoney-insights/the-reasoning-behind-gold-s-breakout

A friend who has not been paying close attention to the gold market for a while asked your secretary/treasurer this afternoon for a summary of his outlook. With the monetary metals on fire tonight as they have not been for a long, long time, maybe the reply is worth sharing:

1) The gold market has felt very different for months -- felt much stronger.

2) The usual central bank-instigated smashdowns, which used to depress the price for weeks or months, now are failing to keep the price down for more than a day or two.

3) The New York Commodities Exchange's gold market has been operating very differently, with most contracts seeking delivery converted into a formerly rarely used mechanism called "exchange for physicals" whereby they are settled somewhere off the exchange, apparently in London. Until recently this mechanism was said to be used only in emergencies. Now it seems to be settling most Comex gold contracts. The implication is that there is little or no gold available immediately in Comex vaults. Whatever it means, there is a huge change here.
4) The "exchanges for physicals" seem to be rolled over in London every two weeks to escape ordinary reporting requirements. This implies that the sellers are trying to hide something. Of course that the major powers in the gold market are trying to hide things is not new, but that they are using new mechanisms of concealment is new.

5) Of course central banks, if you believe their announcements, have turned into big net buyers of gold in the last couple of years and have let the European Central Bank's longstanding gold sale agreements lapse. That is, central banks are not selling much if any gold anymore, and sales and leases of central bank gold long have provided a big part of supply.

6) The Bank for International Settlements is the major broker for central bank gold trades and long has been heavily involved with trading, leasing, and swapping gold and trading its derivatives. But the bank's recent monthly reports show a sharp decline in its gold trading. The implication is that the BIS, like the European central banks, is reducing its gold trading.

7) Many central bankers and President Trump himself are screaming for devaluing their currencies. Of course many European government and private-sector bonds are carrying negative interest rates, which is insane. Essentially it proclaims that government-issued money is hardly worth anything anymore, except for paying taxes.

8) But at least one sovereign, probably the United States, still has been trying to contain the gold price, while the strength in the market suggests that at least one sovereign has been acquiring whatever physical gold and silver are available. This is to be expected as the United States has been weaponizing the dollar and throwing sanctions at anyone who disagrees with U.S. policy. Lately there have been serious defections from the dollar system, and the defectors may have nowhere to go except to gold. But as much as central banks and President Trump want to devalue, they may want to devalue only against each other, not against gold, since -- if it is done gradually rather than suddenly, as in an international currency reset -- devaluing against gold risks prompting a flight out of all currencies, bonds, and equities. That is, a comprehensive market crash.

9) Ordinarily it would seem that circumstances are hugely favorable to gold and silver. But if governments lose on the market-rigging front, they can always become more openly totalitarian -- confiscating gold or outlawing private possession of monetary gold, imposing windfall profits taxes on capital gains in gold, raising royalty requirements on gold-mining companies to prohibitive levels, and so forth. So even as we all may hope for the best -- free and transparent markets, and limited and accountable government -- your secretary/treasurer's only prediction is borrowed from Orwell's "1984": "If you want a vision of the future, imagine a boot stamping on a human face, forever."

To prevent that is another reason to press on in the morning.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Richard Rowland

Interesting!

BigMike Loc: yerington nv

A clue lies in Trump's public castigation of the Fed.

Word's getting out we'll be going to the gold or fractional reserve (I don't know...maybe you do) at the least and the Rothschild Global Cabal is losing a big, fat plum.

eagleye13 Loc: Fl

Looks like Trump will not be a stooge of THE FED.
AND
The Feds attacks on the American economy will be covered for a change.

BigMike Loc: yerington nv

Trump seems to know how to get media attention when he has to, eh?

eagleye13 Loc: Fl

"Trump seems to know how to get media attention when he has to, eh?"
That he does!
He also knows how to go around them.
He has to.

JIM BETHEA

Pres Trump has had a financial plan that is going to change the monetary and tax systems Cartel as we have been forced to adapt to for the past 115 years ~~ What I understand about this is that it will create an unpreventable discord for approximately a year or so until all of the credit card and questionable notes [including mortgages etc] are resettled....Oh by the way the Rothschilds and their member group of The London Club have been going liquid for the past 18 months or so....

eagleye13 Loc: Fl

".Oh by the way the Rothschilds and their member group of The London Club have been going liquid for the past 18 months or so.._ - Jim
What do you mean liquid?
Paper or hard easy to convert assets (gold and silver)

JIM BETHEA

ALWAYS GOLD FOR THEM....they have been selling off real estate and risky stocks...

eagleye13 Loc: Fl

So they (the elitist insiders) are preparing for the plunge they have been designing.

Richard Rowland

Today we heard Larry Cudlow exclaiming that the American economy is goin' great. He also indicated that the rest of the world ain't doin' so hot. China has announced they will not be purchasing any agriculture products from the US.

So the question is: how long will the US economy stay vibrant when the rest of the world is in the doldrums? Taking China out of the equation will, of course, affect our farmers, however, subsides can carry them through if the economy stays strong. And with the rest of the world having economic difficulties, keeping the US economy chuggin' along could be a problem.

Thinkin' Trumpy will come out a winner against the Fed is whistling in the dark. It will take an act of Congress to nutter the Fed and Congress, being the feckless bunch they are, could easily be bought off if such an event were to be undertaken.

BigMike Loc: yerington nv

All's fair...good for the goose...it takes a thief...

BigMike Loc: yerington nv

Easy...after 2020, which is a grace period the Rothschild Cabal has given our "deep state" jackoffs to regain control (which they won't), they will start a world war however they can and most of this will become moot for a time and to be sure they do, Trump will take away the Fed's ability to print funny money and we'll go to a fractional reserve at the very least.

In any event the price of all metals will go up

Richard Rowland

The Fed is only one leg, you've got the IMF, the World Bank, the Bank of International Settlements, or whatever it's called, and of course the Fed. Plus, I'm guessing that a few countries have a similar monetary policy the US uses. (Federal Reserve System) I'm thinkin', whoever holds sway over these entities could choke off the supply of some world currencies putting a real squeeze on things.

However, regarding Trumpy: I think he's being cleverly lead, albeit unwittingly, in the direction desired. If he's re-elected, and there's a good chance he will be, the shit will hit the fan at some point during his second term.

eagleye13 Loc: Fl

Anyone seen how Gold and Silver has been skyrocketing the last two days?
Something is going on.
Go to Kitco.com