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Gold Market Facts That Are Hard To Argue

Cory
September 28, 2017

Craig Hemke, Editor of TFMetalsReport.com, and I recap our comments on the gold price and options expiration day. Curiously we saw gold almost right at $1,300. Craig also points out that when Trump pushed back the debt ceiling we saw a reversal in the USD and gold started it’s way down.

Click here to visit Craig’s site for more metals focused commentary.

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Discussion
64 Comments
    CFS
    Sep 28, 2017 28:51 PM

    Off Topic: Small cancer breakthru’
    https://www.youtube.com/watch?v=HlqdT1e6qW4

    CFS
    Sep 28, 2017 28:56 PM
    CFS
    Sep 28, 2017 28:21 PM

    Illegal immigrants and their “citizen” children cost the US $135 Billion per year
    Illegal immigrants pay taxes in the amount of US $19 Billion.

    2015 data for “known” illegals.

    Estimates for amount sent out of US (mostly to Mexico/central America) not broken out in Illegal and legal.

    CFS
    Sep 28, 2017 28:44 PM

    Hudbay Minerals Acquires Shares of Mason Resources

    VANCOUVER, Aug. 24, 2017 /PRNewswire/ – Mason Resources Corp. (TSX:MNR – “Mason Resources” or the “Company”) reports that Hudbay Minerals Inc. (TSX:HBM; NYSE:HBM – “Hudbay”) announced the August 23, 2017 acquisition of 10,755,170 common shares of Mason Resources at a price of C$0.26 per common share. The purchased shares represent all of the shares of Mason Resources acquired by Sandstorm Gold Ltd. (“Sandstorm”) pursuant to the May 9, 2017 spin-out of the Ann Mason copper-molybdenum project in Nevada and the Lordsburg copper-gold property in New Mexico into Mason Resources through a plan of arrangement with Entrée Resources Ltd. (formerly Entrée Gold Inc.).

    As at August 23, 2017, Hudbay beneficially owns and controls 10,854,170 shares of Mason Resources, representing approximately 13.9% of the 78,044,286 outstanding common shares of Mason Resources (12.5% on a fully diluted basis).

    CFS
    Sep 28, 2017 28:06 PM
    GH
    Sep 28, 2017 28:00 PM

    I’m curious where all these photos came from, given the captions that they are ‘rumored to be displayed’ at Sinchon.

      GH
      Sep 28, 2017 28:01 PM

      This was meant to go under CFS’s post on DPRK Propaganda.

        CFS
        Sep 29, 2017 29:13 AM

        Not many non North Koreans are allowed to go around the DPRK and those that are allowed are closely monitored.
        To the best of my knowledge they have been displayed on posters 50 years ago and some ended up in the Sinchon Museum of American War Atrocities.
        (The DPRK does not allow open internet access, so verification is difficult.)

    Sep 28, 2017 28:54 PM

    I feel this is important, Big Al is a good man, we all can see that but Al, why do you think that your military must be in combat for your country to have free speech. You are always referencing the fact that US military personnel are preserving your way of life. Surely you understand that all people want free speech but somehow America thinks it must send soldiers to foreign jurisdictions and bring them home to say we fought for free speech. It’s too bad that most people are easily duped by The Military Industrial complex. Al, I don’t think you really understand what motivates American military aggression, although you like political issues you really don’t see why the wars can’t stop. Others here have tried to tell you but I don’t think you can get it. Your beliefs in religion help you to get through your life because you know there is a lot of bad out there both within and without. America must pursue a course that sets an example and they haven’t done that because of some very bad elements that control your government. DT

      GH
      Sep 28, 2017 28:42 PM

      Well put, DT.

      Few things have done more to destroy the ‘American way of life’ than military adventurism. Military adventurism has zero to do with patriotism–that’s just how it’s sold.

        b
        Sep 28, 2017 28:34 PM

        I think some people are susceptible to what they are told.
        Beliefs are a funny thing, once ya have one its tuff to change it no matter the evidence to the contrary.( you guys denying global warming for example lol)
        Its just human.

        If anyone is interested, on u tube, the theory of everything.
        Has to do with how why we think and believe the way we do.

        There is also a really good argument that we do not have free will, nor choose our beliefs.
        Course the not choosing our beliefs is kind of an easy one to make.

    Sep 28, 2017 28:16 PM

    Very well said.

    Sep 28, 2017 28:30 PM

    Mmmm, intriguing perspective DT

    CFS
    Sep 28, 2017 28:27 PM

    WASHINGTON (AP) — The Latest on attempts to hack U.S. election systems (all times EDT):

    7:45 p.m.

    Texas officials say the Department of Homeland Security was wrong when it told them their elections systems had been targeted by “Russian government cyber actors” during the 2016 presidential campaign.

    Texas Secretary of State Rolando Pablos told the department in a letter sent Thursday that his office has “determined conclusively” that they weren’t targeted. He also says federal investigators relied on “incorrect information.”

    Department of Homeland Security spokesman Scott McConnell said Thursday that in some states hackers didn’t directly scan election systems but looked for vulnerabilities to exploit in other government computer systems as a way to get into the election systems.

    CFS
    Sep 28, 2017 28:22 PM
    CFS
    Sep 28, 2017 28:28 PM

    RENO, Nev. (AP) — State tax officials say the first month of legal sales of recreational marijuana in Nevada brought in more than $3.5 million in tax revenue.

    Nevada Tax Department spokeswoman Stephanie Klapstein (KLAPP’-steen) told The Associated Press Thursday they are “good numbers” consistent with projections pot sales will generate $120 million in state taxes over the next two years.

    The combination of a 15 percent wholesale and 10 percent retail tax raised $3.68 million in July, the first month of Nevada’s fiscal year.

    CFS
    Sep 28, 2017 28:14 PM

    Blow to the Bitcoin Investment Trust

    Sep. 28, 2017 5:05 AM ET|By: Yoel Minkoff, SA News Editor
    An effort to allow investors to trade digital currencies as easily as U.S. stocks has taken a step backward.

    Intercontinental Exchange’s (NYSE:ICE) NYSE Arca has withdrawn a request from Grayscale Investments to list its Bitcoin Investment Trust (OTCQX:GBTC).

    The shares currently trade “over the counter” in less formal exchanges, but are nonetheless trading up 508% YTD.

    Related tickers: OTCQB:BTCS, OTCPK:BTSC, OTCPK:GAHC, OTC:ARSC

    Sep 28, 2017 28:34 PM

    Assange Says He Will Provide Evidence Russia Narrative FALSE in Exchange for Pardon…T
    45 min ago Drudge Report via PJ Media – Debra Heine

    Rep. Dana Rohrabacher thinks the president is being blocked from knowing about the potential deal.

    http://usanewswires.com/Drudge+Report

      CFS
      Sep 29, 2017 29:53 AM

      But who would believe Assange’s testimony true as opposed to bought by the pardon?
      That is a no-win situation.

        Sep 29, 2017 29:56 AM

        He would have to provide physical evidence.

        GH
        Sep 29, 2017 29:09 AM

        He’s smarter than to make a pointless offer.

        He must have something that can be corroborated in some way.

    CFS
    Sep 29, 2017 29:52 AM
      Sep 29, 2017 29:56 AM

      Home » Weekly News Wrap-Ups » China Squeezes North Korea, NFL Kneel Will Cost Money, Fed Was Wrong
      China Squeezes North Korea, NFL Kneel Will Cost Money, Fed Was Wrong
      By Greg Hunter On September 29, 2017 In Weekly News Wrap-Ups 5 Comments
      By Greg Hunter’s USAWatchdog.com (WNW 303 9.29.17)

      Good news on North Korea and the tensions with the U.S. over its nuclear ambitions. China is ordering North Korean businesses to close because of the latest U.N. sanctions pushed by the U.S. This is way above and beyond what was required and is a positive sign that China is ramping up the pressure to get North Korea to back down. This will hurt the flow of currency going into North Korea from China.

      The NFL is supporting its players in taking a knee during the national anthem before the games to protest police brutality. The majority of fans are outraged and are burning jerseys and season tickets because they think it’s a political stunt. If this keeps up, it will trickle down to the NFL sponsors, and it could turn into a flood of negative sales. Catherine Austin Fitts says this is a distraction to keep the public from waking up to the massive fraud going on with the federal government’s budget. She contends that $21 trillion, yes, $21 trillion is missing, and “We the People” are basically being robbed. She is the guest for the Early Sunday Release.

      Fed Head Janet Yellen says it is no “mystery” at all why inflation is so low. Now, she says the Fed got it wrong on inflation and employment. The economy is weaker than they thought.

      This means the Fed will continue its easy money policies and not raise interest rates anytime soon. Inflation and weak U.S. dollar here we come.

      Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.

      (To donate to USAWatchdog.com Click Here)

      After the Wrap-Up:

      Catherine Austin Fitts, President of Solari.com, will be the guest for the Early Sunday Release. Fitts will explain how the federal budget cannot account for $21 trillion dollars and that is just HUD and DOD. You will not want to miss this. “We the People” are being robbed.

        Sep 29, 2017 29:58 AM

        sorry ,,,,,,,to much post………..should have only posted…..
        Catherine Austin Fitts, President of Solari.com, will be the guest for the Early Sunday Release. Fitts will explain how the federal budget cannot account for $21 trillion dollars and that is just HUD and DOD. You will not want to miss this. “We the People” are being robbed.

          Sep 29, 2017 29:59 AM

          THE BIG TAKE AWAY>>>>>>>>>$21 TRILLION>>>>>MISSING

            Sep 29, 2017 29:00 AM

            Screw the TAXES……..CLAW BACK THE MONEY………

          CFS
          Sep 29, 2017 29:36 AM

          Of course, Austin-Fits forgot to mention that a chunk of the DoD money will never be accounted for because records were conveniently destroyed by the hit on the Pentagon on 9/11.

          s

            Sep 29, 2017 29:25 AM

            Convenient……for the deep state…..
            ..BUT, they are on record as owning up to the fact that they misplaced $8.6 Trillion after 9/11……

            b
            Sep 29, 2017 29:34 AM

            I thought that was the building 7 records.
            Maybe there were records everywhere that got hit.

            21 trillion amazing.

            How about taking a knee for 21 trillion.

            Sep 29, 2017 29:48 AM

            Regardless…….someone, and persons….need to have some funds clawed back…..Bush, Chaney Rumsfield, Goldman Sakers, Housing secretary,,,,Barnie Frank, Dodd……

            Sep 29, 2017 29:53 AM

            The list could get rather long……which could include the Fed Chair, Sect of Treasury,
            those who took the revolving door policy to law firms, and bankers….past presidents…

        Sep 29, 2017 29:08 AM

        Best part(imo)……..Mathew 28:18……And Jesus said….All power is given to me in heaven and earth…

    CFS
    Sep 29, 2017 29:38 AM
    CFS
    Sep 29, 2017 29:56 AM
    CFS
    Sep 29, 2017 29:32 AM

    Silver, Gold manipulation?
    Bitcoin manipulation?

    RT……https://www.youtube.com/watch?v=gANo-RmDn3w

      Sep 29, 2017 29:11 AM

      CFS:

      One of the comments was classic. How much money did MK costs his listeners by pumping the hell out of silver at $50? When you are making a living selling silver, you spend a lot of time putting out pure nonsense. At $50 when other wiser writers were pointing out that it was a bubble, he said they had their heads up their asses. And certainly someone had their head up their ass.

      Anyone who still lies about there being “naked short selling” in commodities is 100% fraud. There is no such thing and they know it.

        CFS
        Sep 29, 2017 29:00 AM

        Notice my “?”s.

        My attitude is “Listen to everything, but believe little”
        The more different sources one listens to, the better the overal picture of the truth one can generate.

        Notice, I did post the holdings/purchases of physical Silver by JPMorgan and gold by Goldman Sachs a few days ago.
        (Physical is a longer term reading than paper, of course, which gives more insight into market makers longer term intentions.)
        ;

          CFS
          Sep 29, 2017 29:09 AM

          P.S. Mr. Moriarty, I do use options expiration dates as a method for timing, which has proven to be effective.

    Sep 29, 2017 29:32 AM

    Bull ya…….or Billion Report on ICE…….CME……..LBMA………..
    https://www.bullionstar.com/blogs/ronan-manly/silver-price-benchmark-personal-plaything-lbma-bullion-banks/

      Sep 29, 2017 29:34 AM

      Same old controllers of 7 ……..running the shop……..two of which have a problem with getting into the system……or have decided not to participate…one of which is China

    CFS
    Sep 29, 2017 29:50 AM
    CFS
    Sep 29, 2017 29:07 AM

    NEW YORK (AP) — Just over a year after Walmart spent more than $3 billion for the fast-growing online retailer Jet.com, it will launch a higher-end grocery line targeting millennials as it tries to contain Amazon.com.

    Amazon last month closed on its acquisition of Whole Foods, intensifying the competition between Walmart, Target, and other supermarkets as all of them fight to win a bigger slice of the grocery market.

    Jet.com said Friday that the new brand, called Uniquely J, will focus on younger customers in urban areas, offering them select coffee, olive oil, paper towels, and other products.

    Amazon cut prices almost immediately on a number of items at Whole Foods after it closed on the deal. Walmart has done the same over the past month.

    CFS
    Sep 29, 2017 29:14 AM

    WASHINGTON (AP) — President Donald Trump has met with Kevin Warsh as part of the process of interviewing candidates for the top job at the Federal Reserve.

    A White House official says Trump and Treasury Secretary Steven Mnuchin met with Warsh, a former member of the Fed’s seven-member board, on Thursday. The official spoke on condition of anonymity to discuss private White House meetings.

    Trump has said previously that he is considering re-nominating Fed Chair Janet Yellen when her term ends in February. But he says he is also looking at other candidates including Gary Cohn, the head of Trump’s National Economic Council.

    Warsh, a key adviser to Fed Chairman Ben Bernanke during the 2008 financial crisis, is married to Jane Lauder, granddaughter of cosmetics giant Estee Lauder.

      Sep 29, 2017 29:33 AM

      Just another “A” Jew….money changer…….

    CFS
    Sep 29, 2017 29:17 AM

    Associated Press – 1 hour ago
    NEW YORK (AP) — Whole Foods says the credit and debit card information of customers who bought meals or drinks at its in-store restaurants or bars were exposed to hackers.

    The grocer, which was recently acquired by Seattle-based online retailer Amazon.com Inc., says the data breach did not affect its main checkout registers or any Amazon.com

    CFS
    Sep 29, 2017 29:21 AM
    CFS
    Sep 29, 2017 29:30 AM

    ON (AP) — Ryanair issued a statement Friday informing passengers about their right to compensation for thousands of cancelled flights as the budget airline faced the threat of legal action over allegedly misleading statements made so far.

    The move came after the Britain’s Civil Aviation Authority gave the budget airline gave Ryanair until 5 p.m. (1600 GMT) to issue the press release and provide a link to it on the company’s website. The regulator said Wednesday it had begun an enforcement action against the Dublin-based airline for “persistently misleading passengers” about their rights to compensation.

    The regulator has threatened to take legal action after Ryanair on Wednesday scrapped 18,000 flights in a second round of cancelations following the airline’s admission that it “messed up” scheduling of pilot vacations.

    The agency says the airline failed to tell customers it would re-route their travel on other carriers if no suitable flights were available on Ryanair and pay out-of-pocket expenses resulting from cancellations.

    CFS
    Sep 29, 2017 29:53 AM

    ALL THE DENVER GOLD CONFERENCE WEBCASTS ARE NOW AVAILABLE:

    http://www.denvergoldforum.org/dgf17/dgf17-webcasts/company-webcasts-2017-alphabetical/

      Sep 29, 2017 29:42 AM

      US Intel Committee Chairman Devin Nunes, the FBI is steadfastly refusing to turn over the documents because the agency says they would purportedly compromise an ongoing criminal investigation (the FBI’s investigation into Mueller). More likely, the agency’s intransigence stems from fears that the one Russia collusion narrative that Democrats have actively worked to suppress could come back to haunt them.

    CFS
    Sep 29, 2017 29:44 AM

    Hey, Luddite-wanna-bes:

    LONDON (AP) — Christine Lagarde, the head of the International Monetary Fund, has a message for the world’s central bankers: Don’t be Luddites.

    Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of banks or government, could in time be embraced by countries with unstable currencies or weak domestic institutions.

    “In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money,” she said. “The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.”

    The most high-profile of these digital currencies is bitcoin, which like others can be converted to cash when deposited into accounts at prices set in online trading. Its price has been volatile, soaring over recent years but falling sharply earlier this month on reports that China will order all bitcoin exchanges to close and one of the world’s most high-profile investment bankers said bitcoin was a fraud.

    Sep 29, 2017 29:57 AM

    “In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money,” she said. “The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.”.
    Ha,Ha,Ha………that is a good one……