Gold Roundup

Mon, Sep 30, 2013 - 6:35am

The gold news flow was especially interesting over the last week with stories about stolen gold and the continuing trend of gold repatriation. If you connect the dots, it should be clear that Turdville is not the only ones preparing for a currency crisis but so are the countries of the world. Let's get right to business. This first story is quite mind blowing for us mining investors!

Sprott joins forces with Chinese Largest Mining Company

The Chinese have hired Eric Sprott to help them acquire mining properties. Zijin Mining Group Company, China's Largest mining company, and Sprott have joined forces to search the world over for acquisition of the top tier mining properties. Zijin will be throwing $100 million dollars into the fund and Sprott will be throwing in $10 million dollars.

If that is not bullish for certain junior mining properties, than what is? Remember, junior mines do not always need an increase in the metal price to have a significant rise in stock price. Both acquisition and discovery are the two other factors you look for when purchasing a mining property. 

 It get's better because the SEC have just changed the laws regarding how junior miners can reach out to investor's for private placements. I will be speaking more about these changes in an upcoming article.

We believe the combination of Zijin's technical strengths and Sprott's resource investment expertise will prove to be an attractive option for investors looking to invest in the mining sector with a focus on gold."

The Fund management company is a joint venture between Sprott and Zijin and will invest primarily in the publically-listed equity and debt instruments of gold, other precious metals and copper mining companies. The Fund will be co-managed by affiliates of Sprott and Zijin. Under the joint venture agreement, Americas Now Resources Investment Management Corp. has agreed to provide technical and marketing services to the Fund.

The target size of the Fund is US$500 million and the Company anticipates receiving additional commitments from onshore Chinese investors beginning in the fourth quarter of 2013.

"Structural adjustments" aka Bail-In's

I've mentioned the idea of structural adjustments quite a bit as a way for the crooks in Washington to desperately try to hold together their sinking ship. 

Bail-ins are not necessary only going into retail customers bank accounts and closing ATM machines. A bit too overt. Right now it seems that their target is the wealthy as the elite go after the wealthier population's money through closing and pillaging tax havens.

Some of you might recall the case of Edward Saverin, the Facebook Co-Founder who dropped his U.S. Citizenship to avoid paying taxes on his Facebook IPO taxes. And then a bunch of senators started getting in a tizzy yelling anybody who tries to avoid paying US taxes and drops their citizenship will be pursued and prosecuted. 

Even before Cyprus bail-ins, the US legislature was been busy writing regulations that make it legal for US government to cross borders and go after wealth. These provisions are known as the Foreign Account Tax Compliance Act (FACTA). Details can be found on the IRS website. The basic idea is if you don't tell us and we find it, we take it. 

Did you know that Cyprus was a popular US tax haven? And so is Panama. The US is now in talks with Panama on developing a tax evasion pact. Bail-ins are on. It's just that they are first going after big money. And do you know what big money is doing? They are buying gold! Because wealth is not stupid. They got wealthy by preserving their money and they are not going to let the USG tap into their piggy banks. 

US Goes After Wealthy Money In Panama

Billionaires can withstand the volatility more than the average investor so they probably worry less about buying the dips than most of us. Every time I watch guys like Robert Kiyosaki talk about gold and silver, he is smiling ear to ear as he buys gold and silver and probably throws into his wishing well in his back yard. Folks, wealth knows what is coming and what is already upon us. They don't become disillusioned by falling prices because they experiencing the realities of a dollar crisis NOW.

The next series of articles were discussed recently on Joseph Farrell's blog.

Finland Votes for Gold Repatriation

The repatriation theme continues as Finland calls back their gold as reported on Mike Maloney's WealthCycles website. Now the way I see it at this time is that the calls for Gold repatriation are ways for countries to let the United States know, that we are no longer playing your game. And Farrell suggests that governments are getting ready for a currency crisis.

However, he neglects to mention the idea that the US might not even be in possession of the gold they were once asked to "safeguard" I suspect world leaders know at least as much about the US gold reserves as a bunch of us small time gold investors. And if the US Gold reserves are as many of us belief a total sham, than countries declaring their reserves back are simply giving a message. You don't own us anymore and the dollar is toast. Back during the German repatriation I wrote about how a German general published in a major German paper that Germany essentially gave away their financial sovereignty and it was time to send a message to take it back. 

Gold Shipment Disappears from Air France Flight to Zurich

More missing gold. An inside job?

This one reported by RT News Gold shipment disappears from Air France flight to Zurich.

Some 44 kilograms of gold bars from an overall cargo of 300 kg of precious metal have mysteriously disappeared from a flight bound to Zurich. An insider operation could be to blame for a €1.5 million heist at Paris’ Charles de Gaulle airport"

“We are investigating the matter, and especially the possibility that this was an inside job,” a source familiar with the investigation told the British Daily Mail.

Stealing gold off an international flight between Paris and Zurich is not the work of George Clooney and 10 other international fugitives. As RT points out, this is an inside job. And as Farrell points out the amount is relatively insignificant so therefore this is meant to give a message. The message being that dollar hegemony is over with and finished.

There is another part of the story that bears mentioning regarding the connection to organized and state sponsored fund raising through the shadow economy of drug smuggling. Again, somebody pretty high up is involved in these transactions.

News of the heist comes on the heels of another scandal for the carrier, when earlier this month a record-breaking 1.3-ton, €200 million worth of cocaine was discovered being transported by Air France from South America.

 The flight from Caracas, Venezuela to Paris contained 30 suitcases of narcotics onboard and has led to the arrests of nine suspects, including three Venezuelan security agents and three British nationals following the cargo’s discovery on September 11th. The other three suspects were Italian nationals.

 During that scandal Venezuelan Interior Minister was quick to suggest an inside Air France job.

"How can the cocaine shipment reach France and it gets taken out without going through the normal controls?" Miguel Rodriguez asked

The next two articles speak to the new world of electronic trading and it's implications for electronic surveillance, manipulation and even currency wars.

Somebody Stole 7 Milliseconds from the Federal Reserve

News organizations respond to Fed lockup questions

Last Wednesday, the Fed announced that it would not be tapering its bond buying program. This news was released at precisely 2 p.m. in Washington "as measured by the national atomic clock." It takes seven milliseconds for this information to get to Chicago. However, several huge orders that were based on the Fed's decision were placed on Chicago exchanges two to three milliseconds after 2 p.m. How did this happen?

You'll have to read the article to get the rest of the story but here is the jist. Electronic surveillance, electronic trading, the ability to manipulate markets is all connected. Once they got rid of all the humans on the trading floor, and installed high speed computers, the watchers are now controlling the matrix from behind a keyboard.

Any of you remember the NASDAQ flash freeze back in early August which occurred the same week that Goldman Sachs? Both were reported as a technical glitch. Ok. If you say so. USA today reported that it was a result of sabotage. Currency wars are being fought from behind computer screens.

And finally, this humorous piece from Peter Schiff poking fun at the financial MSM

Fall Stacks More Gold than any other season.

About the Author


Mantis · Sep 30, 2013 - 6:52am


But.. I thought there was a recovery. Thats what it says on telly

achmachat · Sep 30, 2013 - 6:55am

green lantern

Perfect reading material to go with my after-lunch coffee (now) Thank you for sharing your thoughts with us. The work provided is appreciated.

· Sep 30, 2013 - 7:00am

Thanks Achmat!One of

Thanks Achmat!

One of America's true art forms. Born and bred in the USA. A commodity that is also in short supply as we move from real art to crap. 

I wonder if there is a cycle depicting the decline of the arts?

Two true masters performing Autumn Leaves. Chick Corea and Bobby McFerrin

Excalibur · Sep 30, 2013 - 7:02am

Money does not grow on trees

but it's good to see gold appearing in the woods. I've already collected some golden oak leaves in Old England. Perhaps next year I'll have a dog that will sniff out truffles.

Eflact · Sep 30, 2013 - 7:10am


Chickens coming home to roost. Well I was when I started typing.

ag1969 · Sep 30, 2013 - 7:32am


I appreciate the leaf reporting. It sure is beautiful here at my house, but I wouldn't know it if you did not remind me. The Schiff video is hilarious.

This thing is definitely coming unglued. We will never hear it from our corrupted, spineless, bought and paid for "journalists", but if you care to look just a little, you can see the dogs are all turning on each other.

My five year old is just starting to read, and last night I turned on my computer, came over to TFMR to see if I could catch up, but right after I opened up TFMR I had to get up and go to the kitchen. When I came back, my five year old was staring at the "Feed the Turd" in the upper right with the "donate" button under it, and Noah says to me laughing, "Daddy, why does your computer say to feed the turd donuts?" LMAO

In other news, more has been uncovered about Owe-bomb-ya not being American. A lawyer is demanding that O's Social Security fraud be investigated:

Thanks for the great writing GL, you rock!

6th Amendment

In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defence.

silver foil hat · Sep 30, 2013 - 7:43am


for a day when gold goes up 77.70

Orange · Sep 30, 2013 - 7:48am


The dogs may be turning on themselves, but here is one smart dog. We still have hope. Give your dog a hug today and say I love you. My dog understands.

OTTAWA — When a large aggressive dog attacked little Bella the Snorkie at the Central Experimental Farm Friday, the bleeding and injured animal knew exactly where to go.

Would you believe the emergency department of The Ottawa Hospital’s Civic Campus?

TreeTop Dweller · Sep 30, 2013 - 8:36am


Another excellent contribution.

Thanks for the encouraging prospects of select juniors. Are you privy to which ones they will be investing in?

In forest dark or glade beferned
No blade of grass shall go unturned
Let those who have the Gold spurned
Tread not where this green lamp has burned.
· Sep 30, 2013 - 8:44am


I'm in talks with a senior person at SprottGlobal to get more information which I will get to you. But I imagine that some of the first candidates will be some of the mines that Rick Rule and Sprott already own. Hopefully, it's the same ones I own that Rick has been saying were good candidates for take overs. MOre to come.

HappyNow · Sep 30, 2013 - 8:50am

Of course the USA won't shut

Of course the USA won't shut down spending. How can it?

The Chinese continue to take the long term view. It's a shame there aren't countries closer to home willing to think this way.

· Sep 30, 2013 - 8:51am

A nice article GL.  Thx.

A nice article GL. Thx.

sierra skier · Sep 30, 2013 - 10:03am

We are not alone

It is so good to know we are not alone in regards to our worries about what the western governments are doing to our economic systems.

Our gold is beginning to show and it looks to be a colorful fall.

AlienEyes · Sep 30, 2013 - 10:25am

Thanks for another good article, GL

Dollar : down 0.20

Gold : down $10

Silver : down 0.21

So much for PM's going in the opposite direction from the USD. No manipulation to see here. Move along.

ReachWest · Sep 30, 2013 - 10:37am

Great article GL -

Great article GL - Thank-you.

I have several holdings in miners that Sprott has made investments in .. Hmm.

It would seem that there are few short-term bright-lights out there for the PM mining investment community (ongoing manipulation, regulators that look away, MOPE, etc). Perhaps Sprott's new fund with the Chinese is one of those slivers of light.

ag1969 · Sep 30, 2013 - 11:02am

Mulligan Mint

I just received a newsletter from "Independent Living Bullion" and this was contained within the letter:

"Doing Good" With Precious Metals All bullion investors want to "do good." Some are drawn to the profit potential. Some buy bullion to vote "NO!" on a fiat dollar system and the liberty-crushing edifices built upon it. Most of us seek to "do good" in both senses of the phrase.

And precious metals investing does offer the potential for success on both fronts – an alluring feature. However, smart investors know "doing good" all around requires putting investment merit before any ideological objectives they may have. Recent events underscore the importance of prioritizing good business judgment ahead of making political statements.

Last week, a start-up mint in Texas known as Mulligan Mint declared bankruptcy. The firm's owner, Rob Gray, cut a wide swath through the liberty movement and even testified last year against the Federal Reserve before Congressman Ron Paul's (R-TX) subcommittee.

Mulligan Mint produced a wide variety of attractive and clever silver rounds with themes promoting the ideals of limited government and honest money. And it supported efforts by tribes, local communities, and individuals to establish alternative currencies to the Federal Reserve's dollar.

If a cause-oriented silver round costs more than most other rounds, ILB encourages investors to shy away.

Time will tell whether Mulligan Mint simply made business mistakes... we're sure it's not an easy task starting up a minting operation.

Either way, we find it pathetic that Gray stated to the Wall Street Journal last week, "we really don't know" what happened to part of a supplier's $1.4 million shipment of silver to his operation.

Some of Mulligan Mint's vendors and customers may have turned a blind eye to signs of distress – including late deliveries and broken commitments (according to Gray's detractors) – because they supported the ideology Gray espoused. Putting aside the money involved, this situation has turned into a real black eye for the cause.

[Scenarios like this are exactly why Independent Living Bullion conducts a rigorous due-diligence process before making business arrangements with mints and suppliers.]

Meanwhile, dealers peddling numismatic or "rare" coins to hapless investors do a similar disservice to the cause of sound money – but on an even larger scale. Their hired celebrity spokesmen and slick salespeople routinely take advantage of hapless investors, suckering them into buying super marked-up "modern rarities" and other dubious collectibles using high-pressure techniques and outright deception.

Please be careful. Below are some important things to keep in mind when purchasing physical precious metals:

And here is the WSJ Article:

Fed Critic Mulligan Mint Files for Bankruptcy

Bollocks · Sep 30, 2013 - 11:07am

Matt Taibbi

Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers

In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. "Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders," Taibbi says. "Pension funds are one of the last great, unguarded piles of money in this country and there are going to be all sort of operators that are trying to get their hands on that money."

7 min interview:

DeaconBenjamin · Sep 30, 2013 - 11:32am

Gold, Silver Surge: Bank Of France Announces No Gold Sale Plans

It seems the earlier rumors that the Bank of France may be selling its gold - which had weighed on the price of precious metals this morning in the face of increasing uncertainty among the most indebted nations on the world - have been officially denied. As Bloomberg reports: *BANK OF FRANCE HAS NO PLANS TO SELL GOLD, GAUTIER SAYS And sure enough, Gold and Silver prices just screamed higher.
Magpie · Sep 30, 2013 - 12:42pm

Hope, change and death

US government agency ready to redefine what cancer is, or isn't.

The death panels aren’t going to come through the front door. They’re going to sneak up on you from behind with piano wire.

Deaglán · Sep 30, 2013 - 1:03pm

Been away

I´ve been out the loop for a while. I´ve moved countries and am currently trying to get some work. I take my hat off to the guys with the excellent contributions to the site, thanks!

I now have some American ¨news¨ channels on my TV. I was surprised to see a number of ads for Gold coin investment. It seems very mainstream and very different to what I was used to in Europe.

achmachat · Sep 30, 2013 - 1:04pm


is the semi-pseudo-numismatic stuff, where they try and sell you 1/10 of an ounce of gold for 1200 USD?

Deaglán · Sep 30, 2013 - 1:20pm


Yeah, I guess the premiums are high. One ad was selling a .25 Oz Gold Canadian Polar bear. I´m literally 5 mins away from a bank that sells gold and silver bullion. I have to be disciplined lol. Those ads don't help wink

atarangi · Sep 30, 2013 - 2:28pm
ag1969 · Sep 30, 2013 - 2:32pm

Senator Kelly Ayotte

As many of you who follow along know, I sent Pining’s letter about the CFTC to the entire New Hampshire Congressional Delegation. This morning I received a phone call from an Aide in Senator Kelly Ayotte’s (R-NH) office named Will Ardinger. And I have to tell you, I was floored by a few things.

  1. How willing he was to listen and address my concerns
  2. How knowledgeable he was to the whole Gold/Silver price manipulation Scheme
  3. That Kelly Ayotte is interested in pursuing this (supposedly)

So I walked through my door this morning after getting my car inspected, and a message was in the process of being recorded on my answering machine. I picked it up and it was Will. He explained who he was, and that he was responding to my letter, and that he wanted me to know that they were researching and trying to get to the bottom of the issues in my letter.

He began by bringing up the silver investor’s lawsuit that was filed in New York, and I told him I knew about it, and the CFTC’s investigation, and the fact that the CFTC had ended their investigation last week.

I obviously don’t remember word for word exactly how the conversation went or in what order, so I think I am going to make some bullet points about, first, points I made, and second, points that Will made. Again, things did not go exactly in this order, but all of these things were mentioned during the call.


  • I thanked him very much for taking the time to talk to me
  • I pointed out how I was not the only one with these views, and that there were thousands of us who are fed up with the lawlessness.
  • That if a backwoods salesman from the hills of NH could figure this out , why can’t Congress and the CFTC
  • That I was angry and that anger is a natural human response to injustice
  • I covered the dumping of contracts in thinly traded hours and how that could only be done to smash price because anyone trying to get the best return on their investment would not unload contracts in this manner.
  • That I was aware of Andrew Maguire and the two other whistleblowers presenting cold, hard evidence to the CFTC about JPM’s criminality and nothing was done.
  • That it was not out of the realm of possibility that JPM would consider this when one considers their MBS fraud, LIBOR fraud, energy market rigging, aluminum rigging, and many more crimes.
  • I brought up the MF Global billion dollar crime and John Corzine
  • I stressed how blatant banker criminality had become and how many of us were looking for someone, anyone, to be indicted for the largest financial crimes in the history of Earth.


  • Concurred that I was not the only one, and that in fact they had received many letters from NH residents regarding gold and silver maket rigging
  • Agreed that there was some pretty strong evidence
  • Agreed that I should be angry
  • Found the thinly traded hours dumping of contracts very interesting
  • Did not seem to know about JPM whistleblowers even though Andrew Maguires KWN interview was attached to the email
  • Agreed that LIBOR,MBS, and energy market rigging looked bad for JPM, and he was the one that actually brought up the Aluminum Market rigging to me.
  • Agreed that MF Global was a giant crime and called it a “Travesty”
  • Was very familiar with Ted Butler’s work

In the end, Will asked me what I thought the price of silver should be. I responded by saying that I did not think that anyone really knows because it has been so manipulated and distorted, and that all I was looking for was the rule of law to be re-implemented so that true price discovery may be allowed to happen in a free and fair market. I then covered the “Blythe hedging for a client” video, and that if she was telling truth, then who is the client? Is it the Fed? Is it Corporation USA? He seemed very confused that either the USA was a corporation, or that I knew it was a corporation, I don’t know which.

We did cover that silver should be much higher than the 1980 high just based on the amount of money which has been printed since 1980, never mind the blatant price suppression.

Will concluded by saying that Kelly Ayotte, as a former Attorney General in NH, is very interested in tracking down and prosecuting criminals, but that things moved very slowly in Washington. To which I responded that I understand there is a political game in D.C. and that did not even want to know how it worked because it would probably disgust me. But I also said I hope he understands that to a guy like me, who sees tons and tons of evidence about manipulation and many other crimes in progess, that the question becomes, “Why does it take so long when it is so blatantly obvious, and the people are being defrauded as we spoke?”

He said he was going to do more research to which I responded I would be happy to help. That I could send him hundreds upon hundreds of articles detailing this crime in progress. I told him it was pretty obvious to the casual observer that the dollar is on the ropes, and that if price discovery were to happen it would lead to the collapse of the dollar.

He said he would get back to me if he wanted me to send him more articles.

I thanked him for being so forthcoming, and that I found it refreshing that my letter had actually begun a dialog with the Senator’s office.

I would highly encourage anyone in NH, or anywhere else for that matter, to really make an effort to inundate Senator Ayotte’s office with phone calls, letters, and emails detailing this crime. I know she has taken notice and a dialog has begun. Let’s let her know that ag1969 is not the only one who is pissed. Send articles, evidence and research.

In the end, do I think anything will happen? No

But however small, we have a bit of venue for redress here to a Senator who may be listening.

Bollocks · Sep 30, 2013 - 2:47pm

Excellent stuff ag1969!

PS, get yourself a phone conversation recorder wink. Not just to record conversations like that, so you don't have to go from memory, but so you can record sales monkeys at the corporations when they call to try and sell you some shit.

More about this in the next week or so. By recording conversations I'm close to uncovering a scam perpetrated by a UK telecoms company. I'm waiting for them to get back to me (they're trying to squirm their way out) about my latest conversation with them.

All recorded. All ready to use as evidence cool.

Bugzy · Sep 30, 2013 - 2:50pm


Excellent - just getting a response is fantastic. Getting a call... very encouraging. There again, tax folk often call me to "discuss"; nothing in writing you see.

Hat tip to you.

Good grief: Edit: what Bollocks said.

SRSrocco · Sep 30, 2013 - 2:57pm


There has been analysts who have stated that the gold miners will switch to HIGH GRADING to produce more gold and a lower cost. However, it doesn't look like this is what was done during the 1H 2013:

TOP GOLD PRODUCERS: Yields Falling, No High Grading Yet
ancientmoney · Sep 30, 2013 - 3:06pm

Some journalists are speaking out . . .

about the Obama BS stories. This Pulitzer Prize winning journalist said this (in part) about the huntdown of OBL:

"Pulitzer Prize-winning journalist Seymour Hersh says that the raid which killed Osama Bin Laden in 2011 is “one big lie” and that “not one word” of the Obama administration’s narrative on what happened is true."

Of course, many of us here in Turdville knew OBL was dead already, but that was also the day of the big silver bust--May 2, 2011. At the same time, silver margin was increased 4 times over 5 days (or something like that), and gigantic dumps of paper silver heralded that JPM was back on the manipulation saddle. They have not climbed down since.

Maybe this will cause more journalists to actually investigate, as opposed to taking government dictation.

gold slut · Sep 30, 2013 - 3:13pm


If you have started a conversation which could, at some time in the future, lead to some sort of positive action for the PMs, then I salute you my captain!

However, I fear that you may have been a victim of a conversation something along these lines:

Arsehole #1: "Another nut-job who wants to moan about this stuff."

Arsehole #2: "Damn! Oh, give him a ring back and make like you give a sh$t!"

Arsehole #1: "Can I have lunch first?"

Arsehole #2: "As long as you make it convincing. Don't these fruitcakes ever go away?"

I have seen managers of Local Government have that actual conversation in the past (and in the real world) and I don't think they become any more righteous as they go up the ladder.angry

· Sep 30, 2013 - 3:27pm

Ag1969- bravo!

Well done, and thank you for sharing all of that! As I said, I (like you) am pretty jaded about anything coming from all this in terms of criminal indictments, BUT... the more phone calls the CFTC and JPM get from elected officials, the more it shines the spotlight on their activities, and the less free they are to do this stuff in the future. Even rats who steal cheese for a living will shy away from the light if it is bright enough. 

Thanks again for posting this!

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