Thursday, April 19 2018

Cryptos

Two week performance

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Price rally, cash crunch dulls India's Akshaya Tritiya festival buying

Demand for physical gold was lower-than-usual during a key festival in the world’s second biggest consumer India as local prices peaked and a cash crunch curbed retail spending.

On Wednesday, Indians celebrated the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

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Wednesday, April 18 2018

The Central Bank Crisis on the Immediate Horizon

Why Central Banks will turn even more to gold & a probable revaluation.

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FRB Gold Stocks - US Stocks & Foreign Earmarked Gold

Gold leaving the FRB again..heading back home overseas....

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Turkey withdrew gold from Fed amid crisis

Turkey’s central bank withdrew gold reserves it held at the U.S. Federal Reserve and placed them at the Bank of International Settlements and the Bank of England amid a political crisis with the United States, Hurriyet columnist Uğur Gurses said citing a central bank report.

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LBMA London Gold Holdings

The London Float (ie available gold - supply) for December = 888 tonnes

Note: China's SGE withdrawals (demand) last 5 months = 909 tonnes

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Tuesday, April 17 2018

"They Know What's Going To Happen" - Governments, Big Banks Are Stockpiling Gold

The stage is set for higher gold prices due to the amount of money being printed… I am of the belief a major reset is coming where the governments of the world will need to get rid of their debt by fixing everything to the price of gold

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What Hyperinflation In Venezuela Really Looks Like

One of the most amazing things I have seen is that people are in total denial, and they refuse to accept that the money is not worth even the paper it is printed on.

They won’t innovate changing to cryptos easily, nor will they accept silver coins, much less other precious metals.

They won’t barter, they won’t trade their labor time (I mean major cities, in my small town things are a little different).

We had a good supply of silver coins in the 60s, but that changed.

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Merk Insights: The End of Dollar Dominance?

Those who own gold often argue how to best own it. I encourage anyone holding gold to assess the pros and cons of different choices of gold ownership to make an educated rather than emotional decision. Let me explain.

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IMF loans should be paid in gold, not dollars - Erdogan

Turkish President Recep Tayyip Erdoğan on Monday suggested that IMF loans should be paid in gold instead of dollars.

“What I’m saying is that these debts should be in gold. Because at this point the karat of gold is unlike anything else. The world is continually putting us under currency pressure with the dollar,” the Turkish president was quoted as saying by business news site patronlardunyasi in a speech in Istanbul. “We need to save states and nations from this currency pressure.”

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Man Bites Dog at Flotron's Trial

In a strange twist of events, the judge presiding over a criminal trial involving allegations of spoofing in US gold and silver futures against a Swiss trader commencing in Connecticut this week, has charged the Government with “manipulation”, and thrown out a Department of Justice request to have indictments broadened against the trader to include specifically, manipulation.

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Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desks

Prosecuting banks and traders for price manipulation on COMEX futures while ignoring the far larger London market and its gold and silver fixings looks like a job half done. Trading desks and their traders are agnostic to trading venues and with interlinked markets, the COMEX and the London Fixings are two sides of the same coin.

With blatant evidence that the same banks and traders were involved in both markets, and with actual chat room transcripts now confirming that precious metals traders across multiple banks were colluding in fixing price manipulation, then why are their no active regulatory investigations of trader manipulation of the London Gold and Silver Fixings?

Is it because of lack of jurisdictional authority or are the regulators and criminal enforcement agencies such as the FCA, DoJ, FINMA and the German BAFIN too terrified of opening a can of worms into the huge liabilities that would arise from proving a decade long criminal manipulation of the London Gold and Silver price benchmarks and that were used throughout the world the value everything from ISDA contracts to institutional precious metals products, to ETFs.

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Sunday, April 15 2018

Morgan Stanley Goes Full "Tinfoil": Use Gold As Proxy For The "True Value Of A Dollar"

Due to the many criticisms and changing methodologies of the consumer price index as a true measure of inflation, we use the price of gold as a very good proxy of the true value of a dollar over long periods of time.

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Saturday, April 14 2018

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Friday, April 13 2018

Gold/Silver Breaking Out

Gold needs another push to breakout.

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Silver Industrial Demand Rebounded in 2017; Mine Supply Recorded Second Consecutive Loss

Industrial demand for silver, fueled by record photovoltaic growth, rose in 2017 for the first time since 2013. A stronger global economy led to healthy demand from the semi-conductor market, resulting in greater silver offtake in electrical and electronics applications as well as brazing alloys and solders. The jewelry and silverware sectors also experienced noteworthy gains in 2017. On the supply side, global mine supply fell for the second consecutive year, following an uninterrupted streak of 13 annual increases prior to 2016. Silver scrap supply, which has been in retreat since 2012, again registered a loss. These factors led to a tightening of the supply/demand balance, contributing to a physical deficit of 26 million ounces (Moz) in 2017, the fifth consecutive annual deficit.

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Thursday, April 12 2018

Bitcoin

Now if only gold could break out like Bitcoin....up 1000 in 30 minutes...

Both gold & bitcoin are set to breakout as safe-haven assets under strong demand.

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Media Hype Falsely Reports Bitcoin As ‘Greatest Bubble In History’

The difference between Bitcoin & other bubbles.

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Platinum is cheap – but will it ever get expensive again?

The last time we were in this “buy zone” was the late 1990s, when platinum was $350. It rose over 700% over the next decade.

Is $900 the new $350? A 700% rise from $900 would be very welcome chez Frisby.

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