Koos Jansen
BullionStar Blogs
Koos Jansen
Posted on 21 Mar 2014 by

Chinese Gold Demand 488 MT YTD, Up 29 %

Although  last week only 34 metric tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange (SGE), down 6.52 % from the prior week, year to date there has been a staggering 488 metric tonnes withdrawn, up 29 % to compared to last year. Year to date demand will probably come on par with last year when we enter april, as withdrawals exploded in April 2013. What will happen after April is hard to say, this year’s average daily withdrawals stand at 6.7 metric tonnes, last years daily average was 6 metric tonnes (2197 mt / 365). It will all depend on how much floating supply there is left…

At the current pace, 6.7 metric tonnes a day, China will be roughly importing 1700 metric tonnes this year to meet SGE demand. My research has exposed that SGE withdrawals equal Chinese wholesale demand. Not often, but sometimes we can read other analysts or media share the same findings. From the Chinese media (dated January 10, 2014):

China’s explosion in demand for physical gold in 2013 left a deep impression on international investors. The Shanghai Gold Exchange withdrawals for the year up till 27 December 2013 exceeded 2180 tons. Considering the exchange’s position as a hub for domestic gold circulation, in conjunction with a system that forbids withdrawn gold from re-entering inventory, to a large extent the withdrawals number can be treated as the best benchmark for physical gold demand in the Chinese market. Not to mention that the entire 2013 global mined gold production does not exceed 2700 tons. China’s massive demand has to a large extent remade the world’s gold circulation system. Newly mined and stocked gold is moving through trade links in London – Switzerland – Hong Kong – into China in a large scale orientation towards the East. The impact of China’s demand on international gold price will inevitably increase.

Another quite interesting headline in China today:

RMB Internationalization Requires To increase Gold Reserves

A very  important condition for the internationalization of the renminbi is to increase Chinese gold reserves, because it increases the world’s confidence in the renminbi and expands it’s flow capacity.

It still beats me why not many other analysts, journalist and blogs have gotten involved in researching the Shanghai Gold Exchange an the Chinese gold market in general, as this unprecedented exodus of physical gold from West to East is talking place right in front of our eyes month after month.

Kindly note, if someone could prove me wrong on my analysis about Chinese gold demand I would be happy the hear it. Comment below or sent me an email at info@ingoldwetrust.ch.

 

Meanwhile In The West

Business Insider reports:

In a new note, Goldman Sachs argues that the rise in the price of gold [year to date] has been driven by three unsustainable factors: Weather-induced economic slowdown in the US, a spike in Chinese demand due to credit concerns, and increased geopolitical tension.

So they forecast that future weather conditions in the US will improve their economy and credit concerns and geopolitical tension will soon be dampened?

Goldman also released a report titled: The End Of Chinese Financial Commodity Deals. In which they explain a process called round trippin; circular gold trade between Hong and the mainland to strike an arbitrage profit.

Round Trippin
Slide Goldman Sachs

Goldman declines to mention this process of gold export to mainland Custom Specially Supervised Areas and back to Hong Kong are also done from another incentive than for arbitraging. Hong Kong has a booming jewelry industry, in the dense streets of The Special Administrative Region you can find  a jewelry store (mostly Chow Thai Fook) on every street corner. It’s estimated that half of all jewelry in Hong Kong is sold to mainland tourist, that can import as much as they like into the mainland. Mainland tourist prefer to buy jewelry in Hong Kong where there’s zero tax on jewelry, whereas in the mainland there’s a 22 % tax on jewelry.

Plausible scenario: a Hong Kong jeweler imports bullion and exports it to the CSS area Shenzhen just across the border, that has a huge jewelry fabrication industry (cheap fabrication). In Shenzhen the jewelry is fabricated and exported back to Hong Kong to be sold in the shops. Note, for trading gold from Hong Kong in and out of a CSS area there is no PBOC permit required. To export gold out of a CSS area into the mainland a PBOC permit is required. I’ve been told this policy is airtight.

Additionally, the inflating of import and export numbers from Hong Kong to the mainland does not influence net export to the mainland. Nor does it influence total mainland net import that supplies the SGE.

Hong Kong - China gold trade 2009 - 2013

Just some thoughts..

Overview Shanghai Gold Exchange data 2014 week 11

– 34 metric tonnes withdrawn in week 11 (10-03-2014/14-03-2014)

– w/w – 6.5 %

– 488 metric tonnes withdrawn year to date

My research indicates that SGE withdrawals equals Chinese wholesale gold demand. For more information read thisthisthis and this.

SGE withdrawals 2014 week 11

This is a screen shot from the weekly Chinese SGE trade report; the second number from the left (blue – 本周交割量) is weekly gold withdrawn from the vaults in Kg, the second number from the right (green – 累计交割量) is the total YTD.

SGE withdrawals week 11 2014

This chart shows SGE gold premiums based on data from the SGE weekly reports (it’s the difference between the SGE gold price in yuan and the international gold price in yuan).

SGE premiums

Below is a screen shot of the premium section of the SGE weekly report; the first column is the date, the third is the international gold price in yuan, the fourth is the SGE price in yuan, and the last is the difference.

SGE premiums week 10, 11 2014

A source in the mainland explained me the negative premiums like this:

the SGE is a very illiquid market if you look at the daily volumes. Several slightly larger orders can push the market prices up or down and often traders have to wait tens of minutes to get their orders fulfilled. The price doesn’t track the London spot well. Sometimes the London spot has moved several dollars but the prices on the SGE didn’t budge at all…

The low liquidity on the SGE is mainly because of the much higher commission compared to the SHFE and a much poorer information system. Without the PBoC protection, the SGE should have closed down years ago!

In my humble opinion, the weekly withdrawals and the daily deferred payment direction are more important than the premiums.

The screen shot below is the how the trading on the SGE looks like.

SGE

 

This is AU9999. Look at the upper left corner, you can see the bid and offer prices. Here is how to read it:

卖价5 266.46 100

卖价5= Offer No. 5

266.46 is the Offer price but not the lowest offer. The lowest is 266.20.

100 is the size. The minimum size for Au9999 is 10g. So 100 lots are 1kg.

买价= bid

成交= The price for the last transaction

均价= The weighted average price

涨幅= Movement in percentage

今开= Today’s opening

涨跌= Movement in CNY

最高= Day high

总量= Total volume

最低= Day low

The rest is not very relevant so doesn’t need translation.

You can see how illiquid this market is. The spread between the best bid 266.01 and best offer 266.20 was 0.19CNY.

And for the whole night 21:00-2:30 Beijing Time (The SGE has a night session 21:00-2:30 GMT+8), only 2678 lots were traded. Remember every lot is only 10g.

And you may notice that the Au9999 crashed to 167.50 some time last year. Yes, you read that right. That happened on December 27, 2013.

http://www.sge.sh/publish/sgeen/sge_price/sge_price_daily/11077.htm

Koos Jansen
E-mail Koos Jansen on:

E-mail address:

Tell us about yourself and your existing or proposed blog:

  • Mr Fix

    Yellen / Smellen

    Very entertaining, and I agree with his conclusion “we win in the end”, (although I have already
    reached that conclusion for different reasons).

    http://themindunleashed.org/wp-content/uploads/2013/07/earth-chakras1.jpg

    The preponderance of evidence determines that “the Omega plan”
    (described in the video), is running behind schedule. They have to keep
    trying, but they are far from infallible, in fact, from my read of it,
    they are so disconnected from “the source”, (God, or a universal
    intelligence), they can’t possibly achieve their objectives.

    It is only their egotistical arrogance that drives them at this
    point, they are working a plan hatched thousands of years in antiquity,
    and do not have the capacity to accomplish their goals, because they are
    opposed to the very source of spirit (God).

    I do profoundly believe that human beings are spiritual entities
    having a human experience, but it is only through a conscious contact
    with the universal intelligence (the source, or God), that intentions
    can come to fruition. (Intentions that violate universal laws, cannot
    come to fruition).

    When Jeremiah Jr. posted the 3 min. video of Wayne Dyer declaring the
    three final words of a 12 chapter book, (we are God), it is easy to
    take such a statement out of context without fully comprehending the
    preceding 12 chapters. (Especially when it is in direct conflict with
    biblical interpretations).

    The “intelligent universe theory” also only works when you understand
    that the universe is self organizing, and uses this intelligence for
    creation and growth. It automatically opposes destruction. It promotes
    love and peace, and it works against hate and chaos. (I have heard evil
    defined as separation from the source).

    Granted, Lucifer declared that we are equal to God, but has no
    comprehension that there are in fact universal laws, those that worship
    and do the will of Lucifer, are doomed to failure. (They fail as soon as
    they are exposed)

    Even with the amazingly large conspiracy that dates back thousands of years to build a “one world order”,

    using every technological advancement known to the universe, it still has no chance at all.

    That’s why things seem to be at such a standoff right now.

    Why I must believe what I do:

    Although this is mildly off-topic, an explanation of my experience
    might give you a window into my mind as to why I am past the point of no
    return of a particular biblical/church doctrine discussed on previous
    pages.

    The one thing that drove me into the depths of despair, in fact, into a suicidal depression, was loneliness.

    When I was very, very young, I was quite capable of entertaining
    myself, and never knew loneliness, (this is despite the fact that I was
    always alone).

    After only a few years in Catholic school, with the compulsory
    Bible study, I learned that The Creator was somewhat harsh, judgmental,
    and used threats of eternal damnation to make sure I follow rules which
    seemed primarily geared towards worshiping him, and supporting his
    church.

    Previously, I just innately felt a connection to my Creator, and
    made the assumption that my creativity was my creator working through
    me, or my spirit that has always been connected to him, and always would
    be.

    I know that we were taught that due to original sin, no such
    connection could exist, but if we worshiped Jesus Christ as God, and
    followed what sounded like a shit load of rules and regulations, then
    after we died, (, and if we weren’t too bad), we could camp out in
    purgatory for an undefined amount of time, and then when God judged us
    worthy, we could finally meet our maker.

    This philosophy damn near killed me, because I lost the connection that I had prior to this programming.

    Shortly into recovery, I regained the connection with the universe,
    became consciously aware of it, apply its principles of love,
    synchronicity, and through meditation could always find the guidance
    that I needed to solve whatever challenges were put in front of me.

    It quickly became apparent that if I was within harmony with “universal law”, (also defined as God’s will),

    living my life is now relatively smooth sailing, and all that I
    required would be freely available. Just this belief alone made poverty
    impossible. Focusing on helping others, instead of helping myself,
    provided job security without a job, and a sense of abundance in my
    life.

    Most importantly, knowing that we are all connected through “the
    source”, and that we are in fact all one with it, (whether we realize
    that or not), made a lifelong and overwhelming sense of loneliness
    simply evaporate.

    I knew now at the core of my being, that I am never alone. I am not a
    human being, separate from God and everyone else, trying to figure out
    how to be spiritual,

    I am in fact an eternal spiritual entity, connected to the universal
    consciousness, along with all other matter in the universe, and at this
    moment in time, I am having a human experience.

    I live with a sense of wonderment, a desire to learn and grow in
    spirit, through practicing meditation, and even interpreting my dreams,
    doing the right thing has become intuitive. I simply choose to live in
    the solution, and strive to abide by universal law.

    Puck T Smith was big on keeping it simple, he only had two laws:

    Don’t lie, and don’t take other people’s stuff. I personally have
    just a couple of more, because living a life in service of others has
    massive benefits.

    According to Puck T Smith, such an ideology defines me as an atheist.

    Recently, I have grown tired of labels, because prior to showing up here at TF metals, I never took the time to define myself.

    All in all, I think it was better that way.

    I do know, that if you do the right things, the right things happen. The universe requires that.

    This is why what we have come to know as the evil empire can not, and will not succeed.

    The universe will not allow it. (God’s intervention)

    http://themindunleashed.org/wp-content/uploads/2013/07/earth-chakras1.jpg

    This is not to say that many will not perish, because in fact many
    will. But evil generally only triumphs over other evil, to put it in
    plain English, the parasites will be culled. (Those living outside of
    universal/God’s law).

    This is why I believe “we win in the end”.

  • DayStar

    This is DayStar (DS) with the Friday Harvey Report.

    News and Commentary

    Mark O’Byrne (GoldCore): Gold traded near the lowest in almost three
    weeks as momentum traders and nervous longs pushed prices lower. Some
    participants interpreted the Fed’s policy statement as more hawkish than
    expected. Traders weighed the U.S. Federal Reserve’s indication that it
    may raise interest rates next year against the crisis over Ukraine. The
    short term trend and momentum is now down and gold is vulnerable to
    further falls. Gold had become overbought after its surge to 6 month
    highs and was due profit taking and a correction. Indeed, gold’s 6 month
    highs last week had led to a 14% gain so far in 2014 which if it had
    retained those gains, would have been gold’s best start to a year and
    the best first quarter for gold since 1985. Gold is up 11% this year and
    reached a six-month high of $1,392.22 an ounce on March 17 as turmoil
    over Ukraine left Russia and the West embroiled in their worst
    confrontation since the Cold War. The abatement of unresolved tensions
    between Russia and the West has contributed to gold bullion’s pullback.

    Harvey: Gold was thrown under the bus again today as soon as the
    first fix in London was announced at 3 am and gold continued to falter
    to $1321 until 8 am when gold advanced during the physical times zones
    to $1332, only to be beaten down again in the paper phase of the
    precious metals market to finish at $1330 Comex closing time at 1:30 pm
    and $1328.00 access closing time. The big news today is the fall in the
    Chinese yuan to over 6.229 yuan to the dollar. This collapses the yuan
    /dollar carry trade by hedge funds and many Chinese investors. Copper
    fell again today as collateral values are dropping like a stone. Chinese
    investors are in a mad scramble for cash as they are selling their off
    shore properties in London and Hong Kong . Today also saw the collapse
    of the largest steel trust in Shanzi province, in the centre-west of
    China. On state side: We have been pointing out continually, the
    deteriorating condition inside the USA. Even today, another
    bell-weather, Caterpillar missed expectations. Housing continues to
    disappoint and today we witnessed a rise in unemployment claims. Not
    only that but beef prices are rising as inflation seems to be soaring.
    GLD and SLV: Today, the gold inventory at the GLD was unchanged at
    812.78 tonnes and the silver inventory at SLV remained constant
    10,164.74 tonnes. GOFO rates are now in the positive in all months and
    are increasing.

    GoldCore: Banking operations globally, including ATMs throughout the
    world, are threatened as support from Microsoft for Windows XP operating
    system will end from Tuesday, April 8. Windows XP also powers medical
    devices, industrial control systems and some of the hardware used for
    swiping credit cards. More than 95% of ATMs also run the operating
    system, according to NCR, the largest provider of ATMs globally. It
    expects only a third of ATM providers will upgrade before Microsoft’s
    April 8th cut-off according to the Financial Times. Banks are being
    asked to take immediate steps to prevent their ATMs becoming inoperable.
    The end of support for Windows XP is likely to increase the probability
    of attacks on such antiquated systems and may affect ATM operations
    according to Microsoft. They are being advised both by Microsoft and
    indeed by some central banks to take immediate steps to implement
    appropriate systems and controls. DS: As I understand
    it, what will happen is that MS will stop making bug fixes and
    vulnerability fixes. The software will continue to run, and if the users
    keep their virus checkers current, it should not be any more vulnerable
    after the expiration of MS support than it was before. MS probably
    wants the banks to install an operating system that has better support
    for the NSA.

    Jamie McGeever (Reuters): British regulators are examining evidence
    relating to a 2012 meeting of currency dealers and Bank of England
    officials that potentially challenges the central bank’s assertion it
    had not condoned sharing details of client orders. The practice of
    sharing details about such orders is at the center of a global rigging
    probe. Transcripts of a foreign exchange chatroom, now in the hands of
    Britain’s Financial Conduct Authority, reveal that an unnamed senior
    dealer who attended the meeting told fellow traders the next day that
    Bank of England officials had agreed that there were advantages to
    sharing client order information to minimize market volatility around
    daily reference rates known as “fixings,” two sources familiar with
    their content told Reuters. By sharing information during these fixings,
    traders are able to match trades and minimize price swings, thereby
    lessening the risk they take on big transactions.

    Siddesh Mayenkar and Neha Dasgupta (Reuters): India has allowed five
    domestic private-sector banks to import gold, in what industry officials
    say could be a significant step toward easing of tough curbs on the
    metal imposed last year to cut the country’s trade deficit. The move
    could boost gold supplies and bring down premiums for the metal in the
    world’s second-biggest consumer after China. The Reserve Bank of India
    has allowed gold imports by HDFC Bank, Axis Bank, Kotak Mahindra Bank,
    IndusInd Bank, and Yes Bank, officials at the respective banks told
    Reuters.

    Chris Powell (GATA): Chinese gold market researcher and GATA
    consultant Koos Jansen has been interviewed for Matterhorn Asset
    Management’s GoldSwitzerland Internet site by the German financial
    journalist Lars Schall. Jansen sees the growth of China’s gold market as
    the manifestation of the shift of economic power from the West to the
    East. He explains how Western news and research reports about Chinese
    gold demand underestimate it.

    Hans Bentzien (The Wall Street Journal): European central banks may
    end a 15-year-old restriction on sales of their gold holdings this year,
    a top German central banker said. “The negotiations are still ongoing,”
    Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent
    interview with The Wall Street Journal. … Mr. Thiele indicated that
    one reason the agreement may not be extended is because over the past
    five years central bank gold sales have decreased significantly.

    Shivom Seth (Mineweb): Even as gold imports fell substantially last
    year, those of silver soared to a new high in 2013. India imported
    around 5,500 tonnes of silver, 180% more than the previous year, a
    sectoral analysis of the white metal has shown. As of 2012, India had
    brought in 1,900.39 tonnes of silver. This was however, a massive drop
    from the 4,087 tonnes of silver imported in 2011. In 2009, India
    imported just 1,284 tonnes of silver, which then shot up to 3,029 tonnes
    the next year. India’s 2013 silver imports are similar to those back in
    2008 when India imported around 5,048.02 tonnes, recent data shows With
    lower prices as compared to gold jewellers restocked on silver to
    ensure cheaper silver jewellery and smaller pieces are available to
    consumers, traders said. “The price of silver averaged $23.85 an ounce
    in 2013, from $31.17 in 2012, leading to higher demand. In the
    international market, the price of silver has climbed a modest 10% in
    2014, but in India, the price is further down now,” said Pradeep
    Rajeshnath, a bullion analyst with a broking house. However, in February
    2014, imports of silver were down by more than 60% at 24.43 tonnes as
    compared to 80.86 tonnes of silver imports recorded in February 2013.
    The drop has been attributed to the recent increase in import duty on
    silver. Moreover, a note of caution was added by Premnarayan Pascale,
    bullion analyst with a foreign institutional brokerage. “With more banks
    allowed to import gold, the price of gold is bound to decrease. This
    could eat into the sales of silver bars and jewellery from here on,” he
    said.

    Bill Holter (Miles Franklin): In a paper called “Money Creation in
    the Modern Economy”, co-authored by three economists from the Bank’s
    Monetary Analysis Directorate, they stated outright that most common
    assumptions of how banking works are simply wrong, and that the kind of
    populist, heterodox positions more ordinarily associated with groups
    such as Occupy Wall Street are correct. In doing so, they have
    effectively thrown the entire theoretical basis for austerity out of the
    window. The world’s various currencies are in fact not money, they are
    IOU’s. While I applaud the BOE for being forthright, I must ask “how in
    the world did this happen”? While a few understand bankig, and the truth
    about banks may be “obvious” to some of us, maybe 5% or even less, but
    the other 95% either don’t understand or don’t have a clue. As I’ve
    mentioned before in other writings, the “elite” feel that it is “bad
    form” to destroy someone without “prior warning”…this may just be
    their way of “warning the peasants” and fulfilling their own “good
    manners”? [DS: Sounds a bit ominous when phrased like
    that, but bankers can print all the money they need. Right?] So what’s
    the problem? Central banks can create as much money as they’d like
    right? Yes they can…but, they need someone, somewhere to borrow
    it…and that is where we are today. There are not enough borrowers left
    to borrow in the amounts necessary to hold “asset values” up. We are
    already seeing this in China with their very first defaults. Less than
    $10 billion has defaulted so far in 3 separate tranches yet their
    “wealthy” are already out selling luxury properties all over the
    world…to raise cash. This is because their shadow banking system went
    from creating $160 billion in new loans in January to a big fat ZERO in
    February! The credit spigot has simply been shut off. Why? For two
    simple reasons, lack of collateral to lend or borrow against and that
    phrase I keep repeating “debt saturation”. As to “why” the BOE decided
    that “now” is the time to ‘fess up and explain what money is “during
    normal times”, I can only guess that they “know”. They know that the jig
    is up. They know that the Chinese are “running their bank” and
    withdrawing too much money (gold). They know that they will be forced to
    close their doors but “you were warned” so if you didn’t “get it”?
    …Well then, it’s your own fault!

    Zero Hedge: The Yuan has weakened over 250 pips in early China
    trading. Trading at almost 6.22, we are now deeply intothe
    significant-loss-realizing region of the world’s carry-traders and
    Chinese over-hedgers. Morgan Stanley estimates a minimum $4.8bn loss for
    each 100 pip move.However, the bigger picture is considerably worse as
    the vicious circle of desperate liquidity needs are starting to gang up
    on Hong Kong real estate and commodity prices. For those who see the
    silver lining in this and construe all this as a reason to buy more
    developed world stocks on the premise that the money flooding out of
    China (et al.) will be parked in the S&P are overlooking the fact
    that the purchase price of these now-unwanted positions was most likely
    borrowed, meaning that their liquidation will also extinguish the
    associated credit, not re-allocate it. this is about forcing the
    shadow-banking system to shrink before the bubble becomes totally
    untenable… unfortunately, we suspect it already has…Oh dear,
    remember the Chinese corporation that untenably insolvent but “promised”
    it would meet interest payments in July and not default… well:
    *BAODING TIANWEI BOND TRADING SUSPENDED BY SHANGHAI EXCHANGE. Uh
    oh…All the carry-funded idiocy of the world is starting to uwind. The
    bigger issue is that the Chinese housing bubble is set to burst both
    domestically and abroad, as we reported yesterday. And lest readers are
    left with the impression that merely operational companies with direct
    exposure to the deleveraging carnage that is taking place in China – at
    least until such time as China unleashes another multi-trillion stimulus
    – are exposed, also overnight financial firm Southchina Futures
    announced it is terminating it business on “major operation risks.” We
    wonder how long until the US stock market, floating in its cloud of
    manipulated, centrally-planned oblivious innocence, realizes that a
    China on the verge of all out deflationary recession is not a good
    thing?

    Tyler Durden: “Many mainland buyers bought lots of properties in Hong
    Kong when the market was red-hot three years ago,” said Joseph Tsang,
    managing director at Jones Lang LaSalle. “But now they want to cash in
    as liquidity is quite tight in the mainland.” Once the Hong Kong
    liquidation frenzy is over, and leaves the city in a state of shock,
    watch as the great Chinese selling horde stampedes from Los Angeles, to
    New York, to London, Zurich and Geneva, and leave not a single 50% off
    sign in its wake. The good news? All those inaccessibly priced houses
    that were solely the stratospheric domain of the ultra-high net worth
    oligarch and criminal jet set, will soon be available to the general
    public. Especially once the global housing bubble pops, which may have
    just happened.

    Zero Hedge: Following the default of 2 more corporations last
    night,Hang Seng’s index of China Enterprises plunged to 8-month lows and
    officially entered bear market territory. Overnight angst in the
    Chinese currency markets (which saw the Yuan trade back to 1-year lows)
    has sparked broad commodity weakness (as CCFD unwinds en masse) with
    copper giving back most of yesterday’s major short squeeze gains back.
    Chinese corporate bond prices also tumbled to one-month lows.

    Tyler Durden: It would appear the IMF’s dirty little fingerprints are
    all over this latest piece of legislation in Ukraine. The Ukraine
    Finance Ministry is proposing to take a very-similar-to-Cyprus approach
    to bailing in its despositors: *UKRAINE PROPOSES NEW TAX ON DEPOSITS
    EXCEEDING 100,000 HRYVNIA. *UKRAINE TAX PROPOSAL WOULD INCLUDE 1.5% OF
    ALL DEPOSITS. This would appear a measure designed to stabilize the
    budget for potential IMF negotiations and fits perfectly with what the
    IMF has consistently hinted as the next steps for many nations.

    SRSRocco Report: So where is China getting all of its gold? One of
    the large sources turns out to be the United States. The U.S.
    experienced another record year of net gold exports in 2013. Not only
    were gold exports at record levels, imports into the U.S. fell nearly
    half compared to 2010. U.S. gold exports in 2010 were 383 metric tons
    (mt), however by 2013, they increased 81% to 692 mt. In addition, U.S.
    gold imports fell 48% from 604 mt in 2010 to 313 mt in 2013.

    Gerald Celente: With another JP Morgan banker falling off a roof, the
    Trends Journal’s Gerald Celente discusses “the JPMorgan criminals” and
    states that the only bankers turning up dead are young lower level
    executives, and speculates that the high level executives are “cutting
    off the links that go to the top” as “you don’t rig LIBOR & FOREX
    without the people at the top knowing about it!”

    NaturalHealth365: Digital meters, better known as ‘smart meters’, are
    being installed on homes throughout the world. These
    radiation-emitting, surveillance devices are watching every move you
    make; while, at the same time, bathing you with cancer-causing
    radiation. Without regard to human health, power companies are looking
    to capture the entire population with this new, highly-toxic technology.
    Smart meters are spying on you! Smart meters represent the greatest
    violation of personal privacy to date. As if the sickening amount of
    radiation wasn’t enough – these devices record every activity performed
    in the privacy of your home and get transmitted (wirelessly) to
    corporate giants – like your local power company. On the next
    NaturalNews Talk Hour, you’ll discover why this technology is the
    ultimate health risk and, more importantly, what you can do to avoid
    having these dangerous units attached to your home.

    ****************

    Harvey’s comments on Thursday price action (basis 1:30 PM EST)

    Quote:

    Gold closed down $10.90 at $1330.50 (Comex to Comex closing time).

    Silver was down 44 cents to $20.40.

    In the access market tonight at 5:15 PM:

    Gold: $1328.00

    Silver: $20.30

    Wednesday, Mar 19th Gold and Silver Action (basis 1:30 PM EST)

    http://harveyorgan.blogspot.com/2014/03/march-20gld-and-slv-constantgold-and.html

    Total, Mar (Silver), Apr (Gold), May (Silver) Open Interest

    In silver:

    Quote:

    The total silver Comex OI surprisingly fell by only 235 contracts
    even as silver was down in price to the tune by another 4 cents
    yesterday.It is difficult to make sense of the silver OI as the OI does
    not fall yet we do not see an increase in the amount of silver ounces
    standing. The total OI now rests tonight at 144,343 contracts. The big
    active delivery month for silver is March and here the OI rose by 2
    contracts to 256. We had 2 notices filed yesterday so we gained 4
    contracts or 20,000 additional ounces will stand for metal in the March
    contract month.

    In Gold:

    Quote:

    The total gold Comex open interest fell today by 1441 contracts from
    420,626 all the way down to 419,185 with gold down by $17.60
    yesterday.The OI for the March non active gold contract month rose by 24
    contracts. We had 6 notices filed on yesterday so we gained 30 gold
    contracts or an additional 3000 oz will stand for delivery. The next big
    active contract month is April and here the OI fell by 6,358 contracts
    to 149,694. We have less than 2 weeks before first day notice, Monday,
    March 31.2014.

    Volume

    In Silver:

    Quote:

    The estimated volume today was good at 43,984 contracts. The confirmed volume yesterday was excellent at 55,969 contracts.

    In gold:

    Quote:

    The estimated volume today was fair at 183,050 contracts. The confirmed volume yesterday was good at 222,299.

    Inventory Numbers

    In Silver Inventory:

    Quote:

    Today, we had tiny activity inside the silver vaults.

    We had 0 dealer deposits and 0 dealer withdrawals:

    total dealer deposit: nil oz.

    Today we had no dealer withdrawals:

    We had 1 customer deposit:

    i) into Delaware: 936.20 oz.

    Total customer deposit 936.20 oz.

    We had 1 customer (eligible) withdrawal:

    i) Out of Scotia: 60,346.73

    Total customer withdrawals: 60,346.73 oz.

    We had 1 adjustment:

    i) Out of the Delaware vault: 98,543.499 oz was adjusted out of the
    dealer and this landed into the customer account and in all probability a
    settlement

    Registered (dealer) silver: 52.865 million oz

    Total of all silver: 182.847 million oz.

    In Gold Inventory:

    Quote:

    We had 0 dealer deposits and 0 dealer withdrawals.

    Total dealer withdrawals: nil oz

    We had 1 Customer deposit

    i) Into Brinks: 7,330.20 oz

    Total customer deposits: 7,330.20 oz

    We had 0 customer withdrawals:

    Total customer withdrawals: nil oz

    Today we had 0 adjustments.

    Thus tonight, we have the following JPMorgan inventory levels in gold:

    JPM dealer inventoryremains tonight at 214,097.318 oz or 6.659 tonnes.

    Today, 0 notices were issued from JPMorgan dealer account and 0
    notices were issued from their client or customer account. The total of
    all issuance by all participants equates to 16 contracts of which 11
    notices were stopped (received) by JPMorgan dealer and 0 notices stopped
    by JPMorgan customer account.

    The Total dealer Comex gold remains tonight at 637,591.610 oz or
    19.830 tonnes of gold. The total of all Comex gold (dealer and customer)
    rests at 7,134,817.131 oz or 221.92 tonnes.

    Tonight, we have dealer gold inventory for our 3 major bullion banks
    (Scotia, HSBC and JPMorgan) with its gold inventory resting tonight at
    only 16.319 tonnes:

    i) Scotia: 157,966.367 oz or 4.913 tonnes

    ii) HSBC: 152,612.868 oz or 4.747 tonnes

    iii) JPMorgan: 2144,097.318 oz or 6.659 tonnes

    Total: 16.319 tonnes

    Brinks dealer account, which did have the lion’s share of the dealer
    gold, saw its inventory level remain constant tonight at only 89,129.259
    oz or 2.772 tonnes. A few months ago Brinks had over 13 tonnes of gold
    in its registered or dealer account.

    Delivery Notices

    In silver:

    Quote:

    The CME reported that we had 0 notices filed for nil oz today.

    In gold:

    Quote:

    Today we had 16 notices served upon our longs for 1600 oz of gold.

    Contracts Left To Be Delivered + Month-To-Date Summary

    In silver:

    For those that are interested in the alleged bullion in the vaults of Comex by date, you can see it here:

    http://www.investmenttools.com/futures/metals/Base_Metals_Inventory_London_and_Shanghai.htm#Comex_silver

    In silver:

    Quote:

    To calculate what will stand for this active delivery month of
    December, I take the number of contracts served for the entire month at
    1853 x 5,000 oz per contract or 9,265,000 oz to which we add the
    difference between the OI standing for March (256) minus the number of
    contracts served today (0) x 5,000 oz.

    Thus in summary:

    1853 contracts x 5000 oz per contract (served) or 9,265,000 oz +
    (256) OI standing for March – (0) number of notices filed today x 5000
    oz = 10,540,000 oz. We gained 20,000 additional oz which will stand for
    the March silver contract month.

    In gold:

    Quote:

    In order to calculate what will be standing for delivery in March, I
    take the number of contracts served so far this month at 66 x 100 oz =
    6,600 oz and add the difference between the number of OI for the front
    month (105) minus the number of notices filed today (16)

    OI Summary:

    66 notices x 100 oz per contracts already served this March month or
    6,600 oz + (105) the OI for the front March month – the number of
    notices served today (16) x 100 oz = 15,500 oz, the number of oz
    standing for the March contract month (0.388 tonnes). We gained 3,000
    ounces of additional gold standing for the March delivery month.

    As you will see below we have only 16.319 tonnes in the registered or
    for sale category for the big 3 (JPMorgan, HSBC, and Scotia) and 19.091
    tonnes if you include Brinks. If you include tiny Manfra, we still end
    up with a total dealer gold of only 19.83 tonnes. We have witnessed
    little gold enter the dealer except from Brinks and adjustments.

    Dealer Inventory Summary:

    i) the total dealer inventory of gold settles tonight at a very dangerously low level of only 19.83 tonnes.

    i) a) JPMorgan’s customer inventory rests tonight at 618,605.808 (19.24 tonnes).

    ii b) JPMorgan’s dealer account rests tonight at 214,097.318 oz (6.659 tonnes).

    iii) the 3 major bullion banks (JPMorgan, HSBC, and Scotia) have
    collectively only 16.319 tonnes of gold left in their dealer account,
    and what is totally remarkable is the fact that little gold entered the
    dealer Comex vaults despite December and February are the busiest months
    for the gold calendar. Another oddity is that the only gold that does
    enter the customer account are kilobars and kilobars are generally of
    demand from Eastern persuasion.

    Select Commodity Prices

    The Bloomberg Baltic Dry Index (BDI) was 1,621.00, up 3.25%. WTI May
    crude was 98.63 down 1.79. Brent crude was 106.45 up 0.60. The spread
    between Brent and WTI was 7.82 up 2.39. The 30 year US Treasury bond was
    down 0.0100 at 3.6600. The 10 year T-Note was up 0.0100 at 2.7800. The
    dollar was up 0.18 at 80.19. The PPT/Dow was 16331.05 up 108.88. Silver
    closed at 20.27 down 0.34. The GSR was 65.5402 up 0.9793 oz of silver
    per oz of gold. CIA’s Facebook was 66.97 down 1.27 (1.86%). May wheat
    was down 12.00 at 703.750. May corn was down 9.25 at 478.50. April lean
    hogs were up 0.650 at 124.800. May feeder cattle were down 2.375 at
    176.200. May copper was down 0.059 at 2.929. April natural gas was down
    0.115 at 4.369. May coal was down 0.50 at 59.25.

    Thank you for reading the Harvey Report!

    There is much more on Harvey’s blog http://harveyorgan.blogspot.com.

    Goooood day!

    **************~~

  • DayStar

    Harvey’s Up!

    by Daystar

    Get the full, unvarnished Harvey Report (TFMR) at http://www.tfmetalsreport.com/comment/393069#comment-393069.

    Mark O’Byrne: Gold traded near the lowest in almost three weeks
    as momentum traders and nervous longs pushed prices lower. Some
    participants interpreted the Fed’s policy statement as more hawkish than
    expected. Traders weighed the U.S. Federal Reserve’s indication that it
    may raise interest rates next year against the crisis over Ukraine. The
    short term trend and momentum is now down and gold is vulnerable to
    further falls. Gold had become overbought after its surge to 6 month
    highs and was due profit taking and a correction. Indeed, gold’s 6 month
    highs last week had led to a 14% gain so far in 2014 which if it had
    retained those gains, would have been gold’s best start to a year and
    the best first quarter for gold since 1985. Gold is up 11% this year and
    reached a six-month high of $1,392.22 an ounce on March 17.

    Harvey: Gold was thrown under the bus again today as soon as the
    first fix in London was announced at 3 am and gold continued to falter
    to $1321 until 8 am when gold advanced during the physical times zones
    to $1332, only to be beaten down again in the paper phase of the
    precious metals market to finish at $1330 Comex closing time at 1:30 pm
    and $1328.00 access closing time. The big news today is the fall in the
    Chinese yuan to over 6.229 yuan to the dollar. This collapses the yuan
    /dollar carry trade by hedge funds and many Chinese investors. Copper
    fell again today as collateral values are dropping like a stone. Chinese
    investors are in a mad scramble for cash as they are selling their off
    shore properties in London and Hong Kong.

    GoldCore: Banking operations globally, including ATMs throughout the
    world, are threatened as support from Microsoft for Windows XP
    operating system will end from Tuesday, April 8. Windows XP also powers
    medical devices, industrial control systems and some of the hardware
    used for swiping credit cards. More than 95% of ATMs also run the
    operating system, according to NCR, the largest provider of ATMs
    globally. It expects only a third of ATM providers will upgrade before
    Microsoft’s April 8th cut-off according to the Financial Times. Banks
    are being asked to take immediate steps to prevent their ATMs becoming
    inoperational. The end of support for Windows XP is likely to increase
    the probability of attacks on such antiquated systems and may affect ATM
    operations according to Microsoft.

    Jamie McGeever: British regulators are examining evidence relating
    to a 2012 meeting of currency dealers and Bank of England officials that
    potentially challenges the central bank’s assertion it had not condoned
    sharing details of client orders. The practice of sharing details about
    such orders is at the center of a global rigging probe. Transcripts of a
    foreign exchange chatroom, now in the hands of Britain’s Financial
    Conduct Authority, reveal that an unnamed senior dealer who attended the
    meeting told fellow traders the next day that Bank of England officials
    had agreed that there were advantages to sharing client order
    information to minimize market volatility around daily reference rates
    known as “fixings,” two sources familiar with their content told
    Reuters. By sharing information during these fixings, traders are able
    to match trades and minimize price swings, thereby lessening the risk
    they take on big transactions.

    Siddesh Mayenkar and Neha Dasgupta: India has allowed five domestic
    private-sector banks to import gold, in what industry officials say
    could be a significant step toward easing of tough curbs on the metal
    imposed last year to cut the country’s trade deficit. The move could
    boost gold supplies and bring down premiums for the metal in the world’s
    second-biggest consumer after China. The Reserve Bank of India has
    allowed gold imports by HDFC Bank, Axis Bank, Kotak Mahindra Bank,
    IndusInd Bank, and Yes Bank, officials at the respective banks told
    Reuters.

    Chris Powell: Chinese gold market researcher and GATA consultant
    Koos Jansen has been interviewed for Matterhorn Asset Management’s
    GoldSwitzerland Internet site by the German financial journalist Lars
    Schall. Jansen sees the growth of China’s gold market as the
    manifestation of the shift of economic power from the West to the East.
    He explains how Western news and research reports about Chinese gold
    demand underestimate it.

    Hans Bentzien (The Wall Street Journal): European central banks may
    end a 15-year-old restriction on sales of their gold holdings this year,
    a top German central banker said. “The negotiations are still ongoing,”
    Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent
    interview with The Wall Street Journal. … Mr. Thiele indicated that
    one reason the agreement may not be extended is because over the past
    five years central bank gold sales have decreased significantly.

    Shivom Seth (Mineweb): Even as gold imports fell substantially last
    year, those of silver soared to a new high in 2013. India imported
    around 5,500 tonnes of silver, 180% more than the previous year, a
    sectoral analysis of the white metal has shown. As of 2012, India had
    brought in 1,900.39 tonnes of silver. This was however, a massive drop
    from the 4,087 tonnes of silver imported in 2011. In 2009, India
    imported just 1,284 tonnes of silver, which then shot up to 3,029 tonnes
    the next year. India’s 2013 silver imports are similar to those back in
    2008 when India imported around 5,048.02 tonnes, recent data shows With
    lower prices as compared to gold jewellers restocked on silver to
    ensure cheaper silver jewellery and smaller pieces are available to
    consumers, traders said. “The price of silver averaged $23.85 an ounce
    in 2013, from $31.17 in 2012, leading to higher demand. In the
    international market, the price of silver has climbed a modest 10% in
    2014, but in India, the price is further down now,” said Pradeep
    Rajeshnath, a bullion analyst with a broking house.

    Tyler Durden: “Many mainland buyers bought lots of properties in
    Hong Kong when the market was red-hot three years ago,” said Joseph
    Tsang, managing director at Jones Lang LaSalle. “But now they want to
    cash in as liquidity is quite tight in the mainland.” Once the Hong Kong
    liquidation frenzy is over, and leaves the city in a state of shock,
    watch as the great Chinese selling horde stampedes from Los Angeles, to
    New York, to London, Zurich and Geneva, and leave not a single 50% off
    sign in its wake. The good news? All those inaccessibly priced houses
    that were solely the stratospheric domain of the ultra-high net worth
    oligarch and criminal jet set, will soon be available to the general
    public. Especially once the global housing bubble pops, which may have
    just happened.

    Zero Hedge: Following the default of 2 more corporations last
    night,Hang Seng’s index of China Enterprises plunged to 8-month lows and
    officially entered bear market territory. Overnight angst in the
    Chinese currency markets (which saw the Yuan trade back to 1-year lows)
    has sparked broad commodity weakness (as CCFD unwinds en masse) with
    copper giving back most of yesterday’s major short squeeze gains back.
    Chinese corporate bond prices also tumbled to one-month lows.

    SRSRocco Report: So where is China getting all of its gold? One of
    the large sources turns out to be the United States. The U.S.
    experienced another record year of net gold exports in 2013. Not only
    were gold exports at record levels, imports into the U.S. fell nearly
    half compared to 2010. U.S. gold exports in 2010 were 383 metric tons
    (mt), however by 2013, they increased 81% to 692 mt. In addition, U.S.
    gold imports fell 48% from 604 mt in 2010 to 313 mt in 2013.

    All this and more on…

    The Harvey Report!

    DayStar

    • In Gold We Trust

      Are you spamming me?

  • DOTS

    Little Children, Scripture is like a Lion, it defends itself.

    ​I pray that more Christians would read their Bibles, they would then be able to ‘see’ through the falsehoods being taught by the so called ‘church leaders’ mentioned in the link you posted.

    Thank You, for posting it

    https://farm4.staticflickr.com/3689/13310052763_467843b678_b.jpg

    **

    And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.

    Little children, it is the last time: and as ye have heard that
    antichrist shall come, even now are there many antichrists; whereby we
    know that it is the last time.

    They went out from us, but they were not of us; for if they had been
    of us, they would no doubt have continued with us: but they went out,
    that they might be made manifest that they were not all of us.

    But ye have an unction from the Holy One, and ye know all things.

    I have not written unto you because ye know not the truth, but because ye know it, and that no lie is of the truth.

    Who is a liar but he that denieth that Jesus is the Christ? He is antichrist, that denieth the Father and the Son.

    Whosoever denieth the Son, the same hath not the Father: he that acknowledgeth the Son hath the Father also.

    Let that therefore abide in you, which ye have heard from the
    beginning. If that which ye have heard from the beginning shall remain
    in you, ye also shall continue in the Son, and in the Father.

    And this is the promise that he hath promised us, even eternal life.

    These things have I written unto you concerning them that seduce you.

    But the anointing which ye have received of him abideth in you, and
    ye need not that any man teach you: but as the same anointing teacheth
    you of all things, and is truth, and is no lie, and even as it hath
    taught you, ye shall abide in him.

    And now, little children, abide in him; that, when he shall appear,
    we may have confidence, and not be ashamed before him at his coming.

    If ye know that he is righteous, ye know that every one that doeth righteousness is born of him.

    1 John 2:17-29

  • Torrance Terrence

    There are already Russian and UN troops stationed inside the Continental USA, and as soon as Obama pulls off the planned false-flag incident to bring down the power grid as a pretext for invading Venezuela, the entire shadow fi-at Ponzi system is gonna collapse and Gold inevitably will skyrocket to the moon and beyond

  • Ferdinand The Bull

    Thank you. As for your comment on your GoldSwitzerland interview. I believe the gold audit of the FED is only a paper audit. They do not actually count the bars. They just review the paperwork. What good this does I don’t know, but that is my understanding

    • The Man on the Clapham Omnibus

      Andrew Maguire Proves Beyond Any Doubt that LBMA Default Was Delayed, But It’s Coming (Soon). (Honestly)
      http://img3.cache.netease.com/photo/0001/2014-03-21/9NT34HVB19BR0001.jpg

      Today top London metals trader Andrew Maguire told King World News that an LBMA
      default was delayed by Western central planners, but it is coming, despite the West’s frantic efforts to avoid it. Below is what Maguire had to say in Part I of an incredibly powerful series of interviews that will be released today.

      Maguire: “The net result of all of this (gold) leasing activity means that the bullion which is still showing on the central banks’ books as an asset has more than one claim on it. Worse, the bullion banks don’t have the gold to repay them.

      “And as they’ve sold this bullion into the market, and it’s now vaulted outside of the closed loop of the LBMA system, never to return, this is areal problem.

      Now this activity over the years has created a major mismatch. This has placed these LBMA bullion banks in jeopardy, particularly now that it’s clear they are not getting this touted and relied upon dip into the $1,000 range that they keep trying to talk into existence. The level ofrigged discount would be the minimum amount needed to even partially bail them out of this ever-growing position mismatch.

      It’s now inevitable that there will be an LBMA bullion bank default — it’s just been delayed. And as I’ve noted now for over 18 months, the Bank for International Settlements (BIS) is no longer providing any real bullion to the bullion banks. They are just issuing them credit by way of a book entry to sell bullion bank ‘owned’ gold, unallocated gold, on the spot market. And when deliveries are demanded, they are actually forced to borrow gold from their own unallocated inventories.

      And courtesy of a lack of regulatory oversight, they are able to rehypothecate bullion from their clients allocated accounts. Even in the unlikely event that gold were driven to the bullion banks’ target of $1,050, the resulting discount would only cause China, Russia, India, and all of these other countries to take all (of the physical gold) that was offered, allowing very little bullion to be repaid. So that would be a lose/lose situation.

      They (the bullion banks) are not going to allow what happened last year, when a Fed sanctioned raid resulted in a mass exodus of bullion to China. Either way, discount or not, we are approaching a forced LBMA cash settlement (which they will try to call a ‘non-default’).

      Western central banks are increasingly being forced to compete against each other to look after their own interests now. It’s become apparent that the BIS and the Fed don’t have the gold they claim to have, despite the paper claims to gold being shown as a physical asset (on their books). This very act neuters the Fed’s ability to control the gold leasing.

      In short, the bullion banks will be forced to mark paper gold positions to market, creating a (massive) gap up in the gold price as true supply/demand fundamentals are finally realized.”

  • Jolly Swagman

    G’day people in the Gold Digging Community. It has come to my attention that some of you are not taking proper account of events unfolding around the World, as a direct consequence are not sufficiently terrified and open to manipulative psychological suggestions. In the circumstances I felt that the least I could do to rectify the situation was to show you a picture of a sexy blonde woman

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/21_People_Would_Be_Terrified_If_They_Knew_What_Was_Happening_files/shapeimage_22.png

    blowing a bubble, and then refer you to a sensational headline

    People Would Be Terrified If They Knew What Was Happening

    apparently “If you walk around Hong Kong, every block has a major shopping mall full of high end stores, and these stores are all empty.”

    so you should be terrified. You got that yet? Now look at the blonde girl again. This is called ‘conditioning’, and you just fell for it, just like one of Pavlov’s dogs. And no, he hasn’t just invaded Ukraine – that was the other guy.

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/21_People_Would_Be_Terrified_If_They_Knew_What_Was_Happening.html

    You see, not all of us down here are half as whingy as that Bron Sucheki fellow – good on you, Bron, but this is Koos’s website, so show some respect ok

  • Panopticon

    Further evidence of the collapse of the Chinese real estate sector

    http://img3.cache.netease.com/photo/0001/2014-03-21/9NT34ETM19BR0001.jpg

  • rowingboat

    Interesting! Last weekend Keith Weiner’s cobasis plunged for the first time in 2014 following a $200/oz rise since Dec 31st. Then the $60/oz fall this week and now confirmation that Chinese demand declined rather significantly, presumably including savvy profit-taking contributing to falling premiums. My guess is savvy Chinese demand picked up again during last week’s drop. Will the cobasis foretell it?

    • Anonymous

      “cobasis pllunged for the first time in 2014″

      are we talking about the same Keith Weiner?

      http://monetary-metals.com/wp-content/uploads/2014/03/Letter-mar-16-gold.png

      • rowingboat

        point taken, careless choice of phrase on my part.
        Better to quote Weiner directly, which accompanies your chart:

        “The cobasis dropped like a base metal brick! Here we are in the middle of March, and the April contract is already under heavy selling pressure a few weeks before first notice day. And despite this, the buying pressure on the April contract was great enough to push the cobasis down to -0.40%. And the basis peaked up above zero—contango!—for the first time since November.”

        Going back through Weiner’s reports the cobasis has fallen from +0.35 in early January when supply was tight to -0.35 by mid March as gold became more available/abundant with a $200 higher price. Then Chinese demand appears to have pulled back in the very short term, resulting in this significant price drop/correction.

        http://monetary-metals.com/monetary-metals-supply-and-demand-report-16-mar-2014/
        http://monetary-metals.com/monetary-metals-supply-and-demand-report-19-jan-2014/

        • Anonymous
          • DayStar

            Enter Project Magic Wand…

            “Eye” is upset because the sheeple won’t wake up…& the Evil Empire is screwing them over!…Everyone hopes & wishes for a better universe…but unfortunately nothing is ever done!…“Eye” asks for help from some loyal Turdites…& the magic wands are beamed down on the Evil Empire…using the suppressed Tesla Technology…

            There is muchresistance…but they finally relenquish their power when the “Great Shoe” arrives…Change was facilitated “from within”…by “going back” to smell & pick some flowers…collect the magic wands…in order to arrive in time for our ride…back in the future!…

            If there are any questions…please look up the answers in your manual!!!…

            http://www.tfmetalsreport.com/comment/393247#comment-393247

    • AutoShopnTire

      (NaturalNews)

      The mainstream media is focused this week on trying to convince you that “medical conspiracy theories” are whacky and untrue. Published by Reuters, USA Today and other mainstream media outlets, a false story based on distorted research is now trying to convince you that there is no such thing as a “medical conspiracy.” No, drug companies never conducted experiments on children, killing many in the process. No, the NIH never took part in criminal medical experiments on prisoners. No, the U.S. government never lied to you, or covered up natural cures, or conspired with Big Pharma. GMOs were created by people who LOVE the ecosystem, too!

      That’s the nonsense we’re all supposed to believe, according to the mainstream media.

      By invoking the phrase “conspiracy theories,” junk science authors and corporate-sellout journalists try to marginalize the true history of Big Pharma felony crimes, medical experiments on children, factual government collusion with industry and the incredible harm which has been perpetrated on the American people by the medical industrial complex.

      In fact, the mainstream media’s coverage of all this is truly Orwellian, as if the Ministry of Truth is trying to rewrite U.S. historyto eliminate all the parts where drug companies, the NIH and the U.S. government quite literally murdered prisoners, blacks, babies and soldiers in the name of “scientific medicine.”

      Learn more:

      http://www.naturalnews.com/044385_medical_conspiracies_historical_facts_government_collusion.html#ixzz2wbNvjbkB

      • Agent P

        Right on Mike!!!

  • buzlightening

    EVERYONE READY FOR AN EPIC FINANCIAL IMPLOSION?

    Credit bubble debt expansion dolts have lost all golf balls out of
    bounds and need return to the club house and scrap the ponzi game. Now
    that gma yellens spot light premiere of the same psycho babble has
    passed, we return to reality the next few weeks into the close of
    March. By April, the MATHEMATICALLY IMPOSSIBLE, vane attempt to hold up
    imploding debt bubbles will in earnest collapse. Trouble in the fiat
    ponzi bubble will manifest in self evident disasters arising on all
    ponzi fronts. You don’t need any crystal ball to see the fruition of
    the death of another debt based currency. This time it’s the most
    saturated debt soaked currency on the planet. THE USDINKER DOLLAR!
    China is doing absolutely nothing with credit; debt defaults which will
    daisy chain implode the banksters web of derivative deceit globally. FX
    currency mkts will begin to reel. Credit markets will begin to lock
    up. People will sit up and take notice regardless the fane stream media
    droning nothin to see here BS. PANIC will ensue! April we go with
    liar, liar, pants on fire; debt monster sired. It is one huge
    horrendous furious beast awakened, with an all consuming appetite for
    paper assets. Paper assets will disappear right before our very eyes as
    illusions do; these having no substance. Unless China comes out to
    guarantee all things, as our government did in ’08 debt crisis, and
    prints to infinity, it’s all over folks for the debt based willy wonker
    black magic illusionist dolts. China won’t do squat! WHO HERE DIDN’T
    KNOW ALL THE PRINT TO INFINITY AND BUY YOUR DEBT BASED WAY TO
    PROSPERITY WOULDN’T END IN AN EPIC FINANCIAL DISASTER? REALITY BITES!
    It’s here folks! READY OR NOT!

  • Navigator

    Tapering of QE is a distraction from a $104.8 billion expansion of the FED balance sheet in February. The rate of money creation from thin air is INCREASING.

    http://www.cnbc.com/id/101497635

  • Agent P

    “It still beats me why not many other analysts, journalist and blogs have gotten involved in researching the Shanghai Gold Exchange an the Chinese gold market in general, as this unprecedented exodus of physical gold from West to East is talking place right in front of our eyes month after month.”

    Answer in (3) parts:

    #1. If you’re a ‘blogger’ who also happens to have, or be part of, the highly competitive ‘financial services industry’ in any capacity that involves selling products other than gold investments, talking about gold can be ~very~ bad for business… Which leads right into:

    #2. Talking about ‘gold’ has become akin to being tarred with the ‘Conspiracy theorist’ brush. I.e., it’s the ‘3rd rail’ of any ‘above board’ discussion about economics or monetary policy in general. The ‘conspiracy theory’ attack is a highly effective one – similar to the use of class warfare/envy as a weapon or wedge to divide and finally, marginalize. After years and years of undeniable proof, they are still highly effective weapons, because people would rather be told what to think, rather than think for themselves, and they don’t want to experience something else, which segue’s beautifully into:

    #3. Fear. Gold today is Fear personified. It shouldn’t be. In a sane, upright economic/monetary world, Gold should be Embraced…! Alas, we live in anything but an upright economic/monetary sphere. The ramifications of what gold today stands for and reveals are simply too much for the average person stuck in a Twilight Zone episode of complacency-bias, to wrap their head around. Therefore, ignorance is bliss, and the market will always sort it out. Perhaps so…? Given that we have never been down the road of fiscal/monetary excess, political chicanery and outright $$$Fraud that we are experiencing today, my guess is that the outcome of the past 30 years – or even since August of 1971, may prove to be just ~slightly~ different this time.

    • AutoShopnTire

      A common fantasy of many precious metals bloggers is that there is
      some evil cartel that drives the price of gold by manipulating it on the
      COMEX. There is ample data that shows otherwise,

      Recently, Trader Dan Norcini dug into the data
      to try to clearly illustrate this point once and for all: that it’s the
      hedge fund category of traders on the COMEX who drive prices – despite
      the fact that the precious metals bloggers who don’t know what they’re
      talking about tend to focus on the large Producer/Merchant category of
      traders instead and assign blame and attribute motivation to their
      positioning.

      The first chart is the NET positioning (longs – shorts) of the
      Producer/Merchant category of traders in the CFTC report vs. the price
      of gold. This category would include what the goldbug community refers
      to as “The Cartel”:http://kiddynamitesworld.com/wp-content/uploads/2014/03/COT_prod_merch.png

      The next chart is the NET positioning of the Managed Money category of traders in the CFTC report vs. the price of gold:

      http://kiddynamitesworld.com/wp-content/uploads/2014/03/cot_mm_net.png

      These charts clearly show that one of these classes of traders is
      driving/making price – highly correlated with price – and that one of
      these categories of traders is acting as a counterparty: taking price.
      I’ll leave it up to you to figure out which is which.

      http://kiddynamitesworld.com/drives-price-gold/

    • Rui
  • AutoShopnTire

    There’s yet another nonsense meme going around the precious metals blogosphere, spread by charlatans who have absolutely no idea what they are talking about. This is not my opinion: I will show you the facts that prove beyond the shadow of a doubt that your favorite metals bloggers simply do not understand the market they are trying to analyze. What’s important is that this will make it very easy for you to understand that you are being misled by charlatans who do not know what they are talking about.

    http://kiddynamitesworld.com/wp-content/uploads/2013/07/charlatan.png
    .
    .

    It all starts with Harvey Organ – a Canadian pharmacist who writes a daily “report” about the gold and silver markets where he cuts and pastes information from different publicly available sources. Harvey Organ then puts his own “interpretation” on the information, based on his complete lack of understanding of the mechanics of the market. His recent meme is related to JP Morgan’s COMEX gold inventories with respect to the delivery notices detailed in the COMEX reports.

    Unfortunately, Harvey doesn’t understand

    1) the difference between the warehouse inventories and the delivery reports,

    2) the difference between registered and eligible gold and house/customer accounts, or

    3) the mechanics of the COMEX delivery process.

    Let me explain how Harvey (and all the other charlatans who read him) think it works.

    On a daily basis, the COMEX publishes a delivery report (in pdf form)and a warehouse report (in spreadsheet form). The delivery report – available for daily, monthly, and year to date – shows which shorts issued delivery notices. Shorts issue delivery notices, and longs “stop” the notices. The report looks like this: http://kiddynamitesworld.com/wp-content/uploads/2013/07/comex_delivery.png

    Again – the issued column represents the shorts, and the stopped column is the longs. You’ll notice that to the left of the firm name, there is a “C” or an “H.” This represents “Customer” or “House” accounts. However, House account trades can be related to customer activity also, via swaps and other structured trades. We’ll come back to that in a moment.

    The warehouse inventory report shows each depository’s inventory of registered metal and eligible metal. It looks like this: http://kiddynamitesworld.com/wp-content/uploads/2013/07/comex_warehouse.png
    .

    The COMEX rulebook explains the difference between registered and eligible metal:

    “Eligible” shall mean, with respect to any metal, that such metal is acceptable for delivery against the applicable metal futures contract for which a Warrant has not been issued”

    “Registered” shall mean an Eligible metal for which a Warrant has been issued.

    “Warrant”shall mean a document of title issued by a Licensed Facility, meeting the requirements of Article 7 of the Uniform Commercial Code (“UCC”), and demonstrating that the referenced quantity of the covered metal , stored in the Licensed Facility referenced thereon, meets the
    specifications of the applicable metal futures contract”

    Are you with me so far? OK – now here’s where Harvey Organ just starts making stuff up: he looks at the total delivery notices issued by JP Morgan’s House (H) and Customer (C) accounts,
    and tries to compare them to the warehouse inventories of eligible and registered metal. This is an apples to oranges comparison which is invalid, and it’s why Harvey gets the wrong conclusion. Harvey thinks that eligible metal is “customer” metal and registered metal is “house” metal. This is false. This is not debatable – it’s wrong. All deliveries are made with warrants for registered metal. Customer (C) deliveries are not made from eligible metal.

    However, in the delivery process, the metal need not move. Let me explain: the delivery process consists of the issuer (short) delivering a valid warrant to the stopper (long). That’s it.
    It doesn’t mean that the short drops metal off at the long’s door. It means that short gives the long a warrant which is valid title to the underlying contract metal.

    Now,after the long takes delivery, the long can do whatever he wants to with the warrant. He may

    1) detach the warrant (converting the metal from registered to eligible), he may

    2) take the metal out, bring it home, and bury it in his backyard, or he may

    3) simply hold it as is and sell his warrant next month.

    What will we see in the depository inventory spreadsheet in each of those scenarios?

    1) registered metal decreases while eligible metal increases.

    2) registered metal decreases.

    3) no change in either category.

    If you want to read an example of Harvey’s misunderstanding in his own words, you can read this old post of his (which happens to be a good one, since a commenter – Fred – on Harvey’s own post explained the reality of the process to Harvey yet again, and Harvey refused to acknowledge reality). Or, if you like, you can read Harvey’s blog for any day since that June 3rd post I just linked to. He repeats the same bad analysis *daily*.

    So what happened is Harvey Organ made up his own reality and came up with false conclusions. That’s nothing new in precious metals-land: it happens all the time. But what’s great about this nonsensical fantasy is that it exposes many *other* metals prognosticators who clearly do not understand what they are talking about. We know that they don’t understand what they’re talking about because they regurgitate Harvey’s falsehoods without correcting them.

    This post arose because I, as a result of my “inability to withstand gross ignorance” compulsion, tried to explain the situation to Bill Holter of Miles Franklin, who sells precious metals for a living.
    Since the guy sells precious metals for a living, one might expect him not to spout falsehoods in an effort to further those sales, which is why I explained it to him. One would, of course, be mistaken.

    Our conversation, in the comments of Holter’s own blog with moderated comments, went like this:

    Holter wrote:

    “P.S. I will give it one more day to see if JP Morgan delivers from both their dealer inventory and from the customer side. They are contracted to deliver roughly 100,000 ounces more gold IN JUNE than they had in their inventories as of Friday afternoon. As I see it,they need to completely empty their inventory AND deliver another 100,000 ounces to honor contracts. It is still not even clear that delivery was made on the 1,000 call options from May. This is a very big deal if you believe in contract law, if not…oh well, there’s always Dancing with the Stars or the America’s Got Talent to watch.”

    I commented:

    “Mr. Holter –

    the postscript of this post makes it quite clear that you have absolutely no understanding of how the COMEX delivery process works. I would suggest that you seek out sources other than Harvey Organ to explain it to you.

    If you don’t wish to seek out the facts/reality, I beg you to stop misinforming your readers with charlatan nonsense.

    warmest regards,

    KD”

    Holter replied with simple regurgitations of Harvey Organ’s inaccuracies, in typical metals-charlatan fashion:

    “vault inventory has moved very little in the last month, nothing has entered the dealer side and 217,000 ounces exited the customer side. They have issued almost 6,000 contracts or about 600,000 ounces of Gold for June delivery…where is it? Did it move? Was it delivered? How was it accounted for? Did “settle” in cash…that would be illegal. Or did it settle in GLD shares?”

    I explained it politely:

    “Bill –

    there is no “Dealer” side or “customer” side. Again – if you “learn” about the COMEX from Harvey Organ, everything you know will be inaccurate.

    there is “registered” metal and “eligible” metal.

    and there is no reason why the numbers in the COMEX warehouse inventory spreadsheet need to change when deliveries are made – that is NOT what COMEX deliveries mean. Several people have tried to explain this to Harvey Organ in the past. This is my first and last effort to try to explain it to you. You can re-quote nonsense from Harvey all you want – it will not get any less false.

    so to answer your questions:

    the 6000 delivery notices issued from June: yes, they were settled. what happens is that the warehouse receipt is given (From the short, the“issuer”) to the new owner (the long – the “stopper”). No metal moves in this transaction. It’s like a coat check – the claim tag has been given from one party to another. IF and only if the new owner decides tomove or reclassify the metal, you will see the warehouse inventories change.

    .

    No, it did not “Settle in cash” or “in GLD shares”.
    .

    I suggest you familiarize yourself with what an EFP (Exchange for Physical) is, and with the concept that JP Morgan and their customers can hold metal at other COMEX vaults (don’t forget: JPM’s vault didn’t even exist until a few years ago, yet they still traded on the COMEX before then, right?). Then you’ll understand how these delivery notices are issued month after month.”

    Bill Holter replied again with another misconception, which I again politely corrected, but he refused to publish my comment. I would have hoped that Holter had understood my very simple explanations,but he continues to spout this nonsense in subsequent posts:

    “Unless someone can show me where JP Morgan has concluded their May deliveries or delivered anything at all on their June deliveries I will assume that I have read their reports correctly and are in serious arrears. Please, send me data that illustrates the movement of gold
    from JP Morgan to those contractually entitled to receive it.”

    The question is: is Bill Holter misinforming you out of ignorance? or out of malice? And which is worse? I’ll leave that to you to debate… let’s move on, since Holter is not the only one exposing himself by re-quoting Harvey Organ’s ignorance.

    Let’s look at who else clearly doesn’t understand what they are talking about:

    Turd Ferguson – in a post today – demonstrates that he doesn’t understand the process, but rather is a Harvey Organ regurgitator.

    Jim Willie – via Turd Ferguson’s comments – is in the same boat.

    Russ Winter – does not understand the COMEX markets – note that Russ also refused to acknowledge reality when a commenter (Kohala Kid, who is not me) tried to explain it to him clearly.

    Even your favorite – Zerohedge – alludes to this false meme: “For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world’s largest) vault with the Comex delivery notice update.” (KD: no – no they have not…)

    Of course, we already know that Jesse of Jesse’s Cafe is a charlatan, as is Dave In Denver. (My note – GATA is another, Max Keiser another, as are ALL of the KWN talking heads) There are a plethora of others – this post is giving you the tools to recognize nonsense when you see it. ANYONE who is repeating Harvey Organ’s false analysis and conclusions lacks an understanding of the COMEX metals markets.

    I’m sure that someone will falsely accuse me of ad-hominem attacks onthese poor misinformed bloggers. Nothing could be further from the truth: these bloggers are DEMONSTRATING (and I am explaining…) a gross lack of understanding of the markets they are purporting to be able to
    explain to you. This is a gift to you, dear reader, as you can clearly see that they do not know what they are talking about. Again, the Sophie’s Choice lose-lose question you have to ask yourself is:

    Are they misinforming their readers out of ignorance? Or out of malice?

    And oh by the way – despite the fact that the analysis of JP Morgan’svault inventories with respect to delivery receipts is blatantly inaccurate, JP Morgan’s gold inventories at the COMEX are indeed decreasing. Is this a sign of impending doom for the bullion banks? I will point out a few *facts* for you:

    1) JP Morgan’s depository accounts for only 6 percent of the COMEX stocks.

    2) JP Morgan opened their COMEX depository a few years ago (in 2010 Ithink)… Do you think that they didn’t trade gold on the COMEX before they had their own depository? Do you think that only firms with their own depository can trade gold?

    Perhaps JP Morgan is winding down their vault/warehousing business? Perhaps related to this recent story?

    This post would be incomplete if I didn’t explain the title. I was listening to the Digital Underground classic “Freaks of the Industry” this weekend, and a line resonated with me:

    “Now if there’s a cure for this, We don’t want it, we’ll run from it.”

    The precious metals charlatans, as evidenced by the comment thread discussions I pointed to above on their own posts (mine with Holter, Fred’s with Harvey Organ, and KohalaKid’s with Russ Winter) don’t WANT to know the truth – they just want to spread a story like financial herpes… There’s a cure for their gross ignorance, but they don’t want it – they run from it.

    and so it goes…

    In closing, I’d like to quote myself:

    “I will simply repeat this fact: when your theses are based in false foundations, you can only be “correct” out of dumb luck. One shouldn’t be surprised when the predictions made by charlatans who rely on nonsense themselves turn out to be nonsense.”

    Facts: The Enemy of the Precious Metals Blogger

    Precious Metals Charlatans Are Going To Destroy Your Net Worth

    -KD http://kiddynamitesworld.com/precious-metals-charlatans-freaks-of-the-industry/

    • Salacious Monk

      Mate. How much did Kid Dynamite pay you to promote his site? USD 100 per post? Probably more otherwise you won’t be working so hard. I want to earn some pocket money in my spare time too! Can you refer me to Kid Dynamite? Many thanks!

      • AutoShopnTire

        “I want to earn some pocket money in my spare time”

        if you’re a good buy, perhaps Mummy will give you a special treat for being such a Brave Little Soldier when you go to Big School

        either that, or get down the Docks and start doing favors for Sailors you tiresome little jerk

        • In Gold We Trust

          Keep it civilized, or I’ll have to censor these comments. I was hoping not to, but the level of the comments is dropping like a brick.

  • Green Lantern

    http://www.energyenhancement.org/Human-Aura-psychology/images_auric/holnormal.gif

    my wife says that I act like a ten year old. I disagree. I’m more
    like 13. I just have a precocious brain and I see Ag1969 has similar
    characteristics. I’ll look up information that is mentioned as a side
    comment by a speaker.

    Mrs 1969 Look at the pool phobia video that I posted. It gets
    totally resolved. Desensitization is mostly ineffective. Somebody I
    know worked on an airplane phobia. The airplane was only a metaphor for
    a deeper trauma of her being sexually assaulted. It represented the
    feeling of being pinned down and no escape.

    It’s simply about releasing the energy associated with the experience
    that created the phobic reaction. Nothing more. It is not as hard as
    it sounds and you don’t have to be some monk who reads energies. It’s
    all learnable.

    A typical phobia has what the shamans call (Alberto Villodobi Four
    Winds Society) as an original wounding. That sets up a pattern. A
    phobia or anxiety is simply a chain of traumas that have been
    reinforced. You knock them down like domino’s. A complex anxiety could
    have multiple chains. Then you are dealing with what you call a
    “morphic field”

    Your body is an akashic record. Every mole, every eye twitch while
    it might be able to be explained from a biochemical process has an inner
    collorary. As above, so below. That means every manifested illness
    has an emotional or mental manifestation. If you can nail the inner
    manifestation, often the outer/somatized disease will go into
    remission. So serious diseases must be dealt with on physical
    nutritional level and an inner level for it never to come back.

    Eating bacon and smoking a cigarette will not produce the chemical
    effect in your body that this will. More people will die of this than
    poor nutrition. The doctor will tell you that you have a heart
    condition but can he see the causal factors that created it?
    Christopher Reeves wife died of lung cancer and never smoked a cigarette in her. life.

    My grandfather smoked cigars and pipes and never got cancer. Do
    cigarettes cause cancer? How do they account for all the people who get
    lung cancer that never smoke? Where are those studies? And what other
    inner conditions does the smoker have that might be similar to those
    who didn’t smoke? Is it possible that a smoker using cigarettes to
    medicate their emotional problems and so now the cause of both the
    addiction and the illness is one of the same? http://www.rolandberard.com/Production/EN/image/chakraAssessment.jpg

    The Space around you is NOT Empty. A person who has magic eye’s can
    see the disease manifested in the energy field a long time before it
    manifests.

    http://www.spiritcommunicator.com/wp-content/uploads/2012/04/Brennan3.14.jpg

    Would you believe that our energy fields are contacting each other on
    a friggin’ virtual space like this forum? When you walk down the
    street or first meet someone and you don’t like them off the bad, that
    is your energy system giving you a signal.

    Energy field of a couple having a fight:

    http://www.rekindlelane.com/images/couple-fighting.jpg

    http://www.tfmetalsreport.com/comment/393323#comment-393323

  • Sunday Morning, over Breakfast

    I apologise for interrupting this fascinating discussion with some commentary on matters relating to Supply and Demand on the Shanghai Gold Exchange, but I have been deeply impressed by the following masterpiece in utter bullshit, that I could not in all good conscience keep myself from sharing it with you:

    Shanghai deliveries continue to be extremely strong. The current discount in Shanghai gold
    is down primarily due to a weak Dollar/CNY (yuan) cross. The differencebetween a 6.07 exchange rate (6.07 yuan for 1 U.S. dollar), which we saw in January, vs. the 6.228 exchange rate we saw today as Shanghai closed, makes a $30 an ounce difference (in terms of the gold price).

    So instead of a $3.80 discount that we saw this morning, it would effectively have been, from a Chinese perspective, close to a $30 premium (for gold). That’s bullish. The Chinese retail buyer couldn’t care less what the dollar price of gold is. And as far as the PBOC (People’s Bank of China), with a 500 year view on gold, and not a one minute bar (chart) view, they (simply) want to unload their dollars without disrupting the markets. How fast they can exchange their dollars for gold is really the only question.”

    Now, I know a true professional when I see one, and this guy takes the ticket – not for analysis of the Gold market (about which he clearly knows fuck all), but for total bullshit spouted in a supercilious and pontificating manner. Quite how the current exchange rate is not really the current exchange rate baffles me – but maybe that was the intention all along

    You already know the source of this nonsense, surely you do, but here it is anyhow – http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/22_Maguire_-_Goldman_%26_Media_Full_Of_Shit_When_It_Comes_To_Gold.html

    • Sunday Morning, over Breakfast

      incidentally, anyone who refers to USD/CNY as a “cross” rate has clearly never been anywhere near an FX desk, and is more likely to have been a failed car lease salesman, a failed pensions broker, or a failed ‘sequential internet entrepreneur’

      these guys beggar belief; my money is firmly on “delusional fantasist” rather than “deliberate liar”

  • Jeremiah Jr

    A Thought this Sunday

    I am very familiar with Rob Skiba, have read several of his books, and I’ve even corresponded with him. I wrote a critique of his book “Babylon Rising” somewhere. He has makes some
    good points but I got about half way through his last book and had to stop reading.

    I don’t see the second coming all the way off to 2033. Also, IMO, The time of Jacob’s trouble is synonymous with the 70th week of Daniel, and it is 7 years in length.

    I also posted on the 322 date and the King of Babylon’s visit to Israel last March in 2013, he arrived on Palm Sunday, riding a donkey (The democratic party) and was rumored that he would be visiting the Temple Mount, but never went there.

    That IMO, that could not have been the abomination of desolations for he did not ascend up onto Mt Zion, enter a tabernacle or temple and proclaim himself god. I’m sure he would have liked to, but it did not happen, not yet.

    I have long believed that the rapture (translation) could/most likely will occur on some future Rosh Hashanah, be it 2014-15-16 or 2017. It is the next feast day in the sequence and the first four have been fulfilled already.

    My problem with Skiba is he doesn’t yet doesn’t know who America is, and for the life of me, I can’t understand why, he has been sent the scriptural and proof text showing who we are, yet still thinks ‘Iraq’ is the Final Babylon of the last days. He see Iraq coming back to be the major world power, the old city of Babylon being rebuilt, and the Iraqi Dinar becoming the dominant world currency

    Like I have said, if a teacher or Biblical ‘scholar’ cannot yet see America in scripture, I think they are irrelevant to any real discussion on what we see unfolding. [N.B. There certainly were Americans around in the Holy Land during the time of the Gospel – including Mel Gibson and entire film crews shhooting “Passion of the Christ” in Aramaic and Hebrew although Mel Gibson is Australian, of course]

    The reason I see the next few years being key is for the following reasons.

    In Matthew 24, Luke 21 and Mark 13 Jesus gave us the parable of the fig tree, It is the only parable he told us to learn and Jesus himself tied the last generation or the final generation to those that saw the rebirth of fig tree and, The Fig Tree is the Nation of Israel. She became a sovereign nation again on May 14th, 1948.

    Now learn a parable of the fig tree; When his branch is yet tender, and putteth forth leaves, ye know that summer is nigh: So likewise ye, when ye shall see all these things, know that it is near, even at the doors. Verily I say unto you, This generation shall not pass, till all these things be fulfilled. Heaven and earth shall pass away, but my words shall not pass away. Matthew 24:32-35

    http://i1227.photobucket.com/albums/ee422/sjr15/Israel-Headlines-300x198_zps8210df0f.jpg

    .

    Now the average global life expectancy in 1948 was 67.5 years and as of 2013 it was approximately 70 years and varies by country, but again, Jesus was the one who put himself in a box so to speak by tying the final generation, to the one that sees the rebirth of Israel or the fig tree. The window it you add 67.5 and 70 would give you a time frame of 2015.5 to 2018, give or take.

    I also see a lot of other cycle’s culminating around the 2017-2018 time period as well.

    – In 1897 was the First Zionist Congress. The Lord tells us in Genesis 6:3 that;

    “My spirit shall not always strive with man, for that he also is flesh: yet his days shall be an hundred and twenty years.” .

    Do the math …….from 1897, add 120 years and there do you arrive………….. 2017.

    In 1917 we had the Balfour declaration which allowed the Jews to migrate back to the Promised Land and in scripture and a maturity cycle is 30 years, (Jesus started him ministry at 30 years of age). Come forward thirty years from 1917 and what happens. Israel is reborn in 1947-48.

    A jubilee cycle is 50 years. Come forward from 1917 – 50 years and where do you arrive?……

    1967 and the six day war when Israel retook Jerusalem.

    One Jubilee cycle from 1967 brings you to where ………2017.

    .

    http://i1227.photobucket.com/albums/ee422/sjr15/2013-08-01_1300_zpsa1530b7c.png
    .

    .

    The below charts are from my Friend and Brother in the Lord, Stewart Best

    .

    http://i1227.photobucket.com/albums/ee422/sjr15/2013-08-01_1258_zps54fed732.pnghttp://i1227.photobucket.com/albums/ee422/sjr15/2013-08-01_1302_zps79219275.png
    http://i1227.photobucket.com/albums/ee422/sjr15/2013-09-04_1802_zps9e240a0d.png
    .
    .

    The next few years see high probability of something occurring prophetically, throw in the possibility that Israel will soon take on Iran, Russia awakening, the global economy hanging by a thread, America one ‘event’ away from martial law and any other potential flash point one wishes to name and you come to the conclusion that from now till 2017, we are right in the wheelhouse.

    Anyway one looks at it, the Tetrads in 2014 – 2015 are telling us something, between now and 2017 the End of Days should start to unfold. Time will tell.

    “Verily I say unto you, This generation shall not pass, till all these things be fulfilled. Heaven and earth shall pass away, but my words shall not pass away”.
    Matthew 24:34-35

    Shalom and Keep Stackin’!

  • atarangi
  • PatFields

    Excerpt: (China News) “A very important condition for the internationalization of the renminbi is to increase Chinese gold reserves”

    This is all for the sake of a ‘different’ brand of Plantation Scrip to steal our Labor with? I guess it really is time for a Grass Roots Monetary Revolt! Spartacus Movement anyone?

    Over the past year or so I’d harbored the (whimsically hopeful?) speculation that China could be assembling wherewithal to spearhead re-establishment of the historically stable and honest poly-metallic monetary scheme, observing they’ve already been stockpiling huge quantities of gold and copper; now recently begun to further also show increasing interest in silver. Why not? Knowing their history, the signs seem apparent enough. It would simply be a re-run of their 1450s
    salvation from the economic devastation wrought by ‘flying money’ of that time … an already proven path back to stability.

    The dichotomy then arose in discussion during these recent months, as to the blatantly un-natural extensive phenomenon of strength in ‘valuing’ paper issues (particularly the American brand) above these metals, despite immense combined Indian and Chinese demand for them in
    stated deference to scrip. Most folks attribute this to Exchange Stabilization Fund effort in combination with central banks; respectively shorting futures and disgorging bullion while buying the ESF’s naked sales contracts, thus pushing credit note ‘value’ up in relation to paper gold claims. A ‘numbers racket’, having no correlation with real-world circumstances.

    Then, in the past week, Koos Jansen picks up on the Goldman-Sacks story purporting that Chinese entities are active in the paper shorting scam to facilitate ‘shadow banking’ finance ponzis, hypothecating copper and probably gold to pyramid huge amounts of currency borrowing,
    leading me to wonder if the Chinese government is not after all, seeking to ‘take the high road’ on sustainable monetary reform, but instead, surreptitiously removing these metals from world
    circulation to bolster the force by which all governments can continue propagating their allied global banknote scheme.

    Regardless, whether the Chinese are doing this selfishly, to propel renminbi-yuan into ‘reserve status’ in contention against the American banknote, or working under secret collusion with other governments … only acting out faked enmity so the world’s gullible ‘masses’ won’t suspect the ultimate goal … the end result is to preserve the damnable banknote scheme’s theft of Labor from the entire Earth’s Peoples, while their standards of living slowly descend into inextricable Feudalist penury.

    For over six hundred years, we’ve had repeatedly demonstrated to us that circulation of credit utterly destroys economies by ever-expanding corruption of accurate price (rational value-worth) discovery, until credit and debt becomes so thoroughly disjointed from naturally pervasive fundamental economic process that the credit has no other course but to implode … destroying a huge percentage of people’s misguided ‘savings’ in that credit. Once again proving history’s
    empirical lesson, that government is the very worst enemy of The Peoples of all countries, throughout all time.

Copyright Information: BullionStar permits you to copy and publicize blog posts or quotes and charts from blog posts provided that a link to the blog post's URL or to https://www.bullionstar.com is included in your introduction of the blog post together with the name BullionStar. The link must be target="_blank" without rel="nofollow". All other rights are reserved. BullionStar reserves the right to withdraw the permission to copy content for any or all websites at any time.