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

Peter Schiff Was Right - 'Taper' Edition

Fall Stacks More Gold than any other season.

Video unavailable

About the Author

Green Lantern


Sep 30, 2013 - 6:52am


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

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.

Green Lantern
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

Autumn Leaves - Bobby McFerrin and Chick Corea
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.

Sep 30, 2013 - 7:10am


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

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

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.
Green Lantern
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.

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

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