Harvey Organ Should Be An Interesting Read Today

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Mon, Oct 27, 2014 - 10:23pm
DayStar
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~~Harvey 27 Oct 2014

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





News and Commentary

Mark O'Byrne (GoldCore): The Swiss Gold Initiative Committee told their press audience that gold is a long-term “safe and stable store of value" in times of economic turbulence. The Committee views gold as an insurance, and as a reserve asset, with gold reserves being the foundation for a stable currency and economy, while securing the independence of Switzerland. Lukas Reimann said that while gold is money and it defies crises, paper money can be reproduced at will and is easily manipulated. SVP National Councillor Luzi Stamm (AG) said that "paper decays, money holds its value.” According to Stamm, the SNB’s talk of "excess gold reserves" in the 1990s was very misleading. Luzi Stamm lamented that the Swiss gold sales of 2000-2008, when the SNB sold 1,550 tonnes of Switzerland’s gold, were ‘a big mistake’ and that retrospectively, the sales had been conducted “at incredibly low prices" or "cut-price" levels due to Switzerland having “bowed to foreign pressure.” On the question of why the Gold Initiative Committee wants all Swiss gold to be stored in Switzerland, Luzi Stamm asked "who seriously believes that we could bring back the gold in the event of a serious crisis in Switzerland". He added that there was absolutely "no compelling reason" to keep Swiss gold abroad. On the specific issue of the referendum vote on the 30th November, Lukas Reimann said that he had never experienced such a large discrepancy between the disinterest which is being displayed by the Swiss media on the gold initiative referendum, and the active interest that is being displayed by the Swiss population to the referendum. Reimann pointed out that the only Swiss political party that has officially backed a ‘Yes’ vote for the gold initiative is the small EDU party (Federal Democratic Union of Switzerland). Even his own party, the SVP, is showing limited support, and when the gold initiative petition came through the Swiss parliament earlier this year, not even half the SVP grouping voted for it.





GEAB: Our team anticipates that, before anyone actually realizes it, an alternative BRICS monetary system will be operational from 2017. Not a common currency, but a lightweight system, multi-currency, mainly based on the Yuan, the Ruble, the other BRICS currencies and perhaps even the yen, all backed by gold and easily exchanged thanks to modern digital tools; a system also upgradable with the ability and ambition to host other currencies one day.





Ed Steer (Casey Research): With the Commercial traders positioned in the 'Big 6' commodities to their maximum advantage---and further improvement possible if next week's FOMC news is used to beat this group of commodities into the ground one last time, we could see important never-to-be-seen-again lows in all of them. If the powers-that-be want to avoid deflation at all costs, the only credible option they have left is to let commodity prices run to the upside for a while---starting with the four precious metals, plus copper and crude oil. But as I've also mentioned before, this particular path is fraught with its own dangers, one being that once this inflation genie is out of the bottle, commodity prices included, it's always a tough one to get back in. But it's a much preferable option to the one that's staring them in the face right now---and that's serious deflation. Will they do it? Beats me. But the gold card is about the only one they have left to play, as money printing and their zero interest rate policy is now a spent force as an inflation-generating tool. For these reasons, I'll be watching the Sunday night open in New York with great interest, along with the first three trading days of the new week.



GoldSwitzerland: We have heard from one very reliable source that repatriation of gold is secretly taking place at this moment from the USA to Europe. This is October 2014! The information contains details about transported quantities by one of the global security firms being much higher than usual, as well as country of destination. This leads us to believe that some central banks in Europe may be feeling tension and their boards see that the ‘whatever it takes’ QE, LTRO or OMT policy, or whatever they call this monetary financing, can and probably will have serious repercussions. The Swiss National Bank (SNB) started selling gold in 2000 near the lows of the market. At that same time, many years ago, the movement to stop this selling started in Switzerland which, on November 30, will lead to a definitive choice by Swiss voters whether to a) Stop selling gold, b) repatriate all foreign held gold, and c) maintain 20% gold backing of SNB assets, or alternatively risk being dictated to by the European Union and the ECB. Of course the German request for repatriation from the USA was a total failure. Germany requested to get 680 tons of gold back from the FED, but received only 5 and were told that they will get the rest back in 2020. There can be only one reason for this delay, their gold is not there anymore. Since this fiasco and with the change of the Merkel coalition this summer the new party line is: “The Americans are taking good care of our gold,” “Objectively, there’s absolutely no reason for mistrust.” And, “There’s no evidence that German gold at the New York Fed has been tampered with”. Well, “of course not, because there hasn’t been an audit for 60 years of who owns what or how many bars are still in US vaults!” Repatriation of larger than regular quantities of Precious Metals, especially gold, requires a long enough chain of secure physical transport logistics, whereby a number of people must be aware of start and finish locations. Confidentiality appears to have been unwillingly violated in this reported case and shows again that people make mistakes. As we have absolutely no reason to doubt this source, asking questions to relevant parties shall only be countered with strong denial. The mere fact that this repatriation of gold appears to be happening in secret confirms what wealth preservation investors have always known, namely that Gold should be held under direct control of the owner. That is the only proof that the gold actually exists.


Jim Sinclair (JSMineset): Think you have control of your retirement account? Be careful! Savers in Britain who cash in pensions ‘clobbered’ with 45 per cent tax Many people using new freedoms to withdraw pension savings will be taxed at 45 per cent – even if they are withdrawing as little as £20,000. Savers who cash in pensions next year face "emergency" tax charges worth up to a third of their funds, which they will need to claim back, The Telegraph can disclose. Withdrawals of anything above £4,500 are likely to cause a tax charge of 40 per cent on part of the fund, analysis of official documents showed. Many people using new freedoms to withdraw pension savings will be taxed at 45 per cent – even if they are withdrawing as little as £20,000.



Harvey: The gold Comex today had a good notice day registering 50 notices served for 5000 oz
A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 264.8 tonnes for a loss of 38 tonnes. In silver, the open interest continues to remain extremely high and we are still at multi year highs at 173,699 contracts. To boot, the December silver OI remains extremely high at 119,440. Today, we had no change in gold inventory at the GLD . Inventory rests tonight at 745.39 tonnes. SLV’s inventory remains unchanged and rests at 343.415 million oz. Tomorrow is options expiry on the Comex and on Friday we have options on the OTC contracts for both silver and gold. Thus expect both of our precious metals to be under the fire as the crooks use non backed paper and gold paper contracts to suppress the price. On the weekend, goldcore reports that 51.5 tonnes of gold was demanded by Chinese citizens for the week. That works out to 7.35 tonnes per day on a 7 day week. The world produces 6.02 tonnes per day on a 7 day week (World production 2200 tonnes per year ex China ex Russia). Thus Chinese citizens are taking over 100% of global annual demand. Also remember that this is not sovereign Chinese gold. This is not included in the figures. GOFO rates/We are now in backwardation and rates are decreasing!!!





Andrew Hoffman (via Greg Hunter's USAWatchdog.com): Financial analyst Andy Hoffman says the real global economy is in deep trouble, which is much to the chagrin of the Fed. Hoffman explains, “Recall last April, they started smashing gold and started with the ‘taper’ talk. The Fed figured by about this time, they’d be ready to start hiking rates. The fact is the global economy has collapsed. Our real economy has collapsed. Forget the fake PMI numbers or their ridiculous employment numbers. The economy of the world is getting worse and worse and worse. No matter how hard they try to say yes, there is a recovery and we are tapering. Interest rates keep falling and falling. There are plunging rates despite all their talk of recovery and tapering.” Hoffman, who also has deep Wall Street experience, points to the recent sell-off in the stock market and the Fed’s reaction. Hoffman contends, “The Dow Jones propaganda average fell a whopping 9% from its all-time highs. The Fed absolutely freaked out. Within minutes, they had the Plunge Protection Team (PPT) running it back up, and no less than six Fed Governors in the space of three days came out and called for extension of QE and extension of zero-percent-interest-rates (ZERP). That’s how terrified they are, and remember, next week is when QE is supposed to end.”





Jim Rickards (via RT): We are in a depression. This is a global depression. It started in 2007 and it is going to continue indefinitely. Depressions are structural, monetary solutions are cyclical: you cannot solve a structural problem with a cyclical remedy - monetary policy will not work. What it could do eventually is cause inflation. So far people say: “Where is the inflation?...We printed trillions of dollars, there is no inflation”. That is because we would have had deflation, extreme deflation, but for the money printing. It did produce inflation to the extent that it offset the deflation… The world is in depression, we are not getting out of it.



SGTReport: GoldMoney’s Alasdair Macleod discusses the latest banker “suicides” which have all of the hallmarks of intelligence agency ‘wet work’. And Alasdair explains how China could easily have acquired 20,000 tons of gold in recent decades – and as SRS Rocco recently pointed out, an additional 10,000 tons of gold in just the last three years.


Chris Powell (GATA): Incomprehensible debt, derivatives, and algorithmic trading in financial instruments have made a worldwide economic recovery impossible within the current monetary system, Sprott Asset Management's John Embry says.


Chris Powell (GATA): GoldMoney founder and GATA consultant James Turk today tells King World News that the referendum on the gold initiative in Switzerland is a contest between sound money and financial repression by central banks and that strong economies correlate with sound money, not with ever-depreciating money as central banks pretend.



This Will Not End Well (In The Short Term)





Susan Duclos (WakeUpAmerica): For those that claim that dissidents and those with political and/or ideological views contrary to the government's aka New World Order's stated positions are being targeted, is simply a "conspiracy theory," the video clip by AnarchyWorld below is a must see, where Home Secretary Theresa May explains how those with contrary views that dare to speak them aloud, should be imprisoned because those views could incite masses to fight back against a tyrannical government. Sure, this is England, but her reference to "we believe" this and that, her statements, her belief that free speech is dangerous, is exactly what those "conspiracy theorists" have been warning us of for years, as we watch group after group targeted right here in America. Patriot groups, Tea Party groups, religious groups, veterans and more, all to be considered "anarchists," in the New World Order, where standing up and speaking out will become a criminal offense. Is it still a conspiracy theory when "they" admit to it publicly?





Susan Duclos (WakeUPAmereica): We have all seen headline after headline about a variety of current events which make it seem like the MSM is reporting what is occurring, but these events are being reported separately without any attempt whatsoever to connect the dots of what we are seeing. The previous reports include the US government purchasing 160,000 specially made Ebola HAZMAT suits; Small towns receiving orders for body bags and HAZMAT suits; and Barack Obama's presidential executive orders, specifically ones dealing with "quarantines." More recent reports include, but are not limited to; The creation of Ebola SWAT teams; The US military begins its Ebola "rapid-response teams; The Veterans Administration setting up Ebola wards in Puerto Rico expecting an influx of Ebola patients, Tampa Bay area VA hospitals training for Ebola cases; Mandatory quarantine measures in New York and New Jersey for high risk travelers from Ebola infected zones; and Chris Christie hinting that mandatory quarantines will soon be nationwide. Then two days ago something very strange happened where messages appeared on television screens around Atlanta, Ga., Dallas and Austin, TX., and in Michigan, claiming to be an "emergency alert from the White House," notifying viewers that their programming was being redirected to another channel, the force tuning those viewers to another channel. Multiple "official" statements were sent out to explain that strange emergency alert. The problem with these explanations is something seen at the MyFoxAtlanta article (linked above) reporting on it where it states "Engineers with FOX 5 say the alert can only be activated by the President in times of emergency." It seems awfully remiss of the MSM, in light of the small sample of past and present reports linked above, to not even ask whether all of these headlines and events we are witnessing, could be the US Government actively making preparations for an endgame, nightmare scenario, to be announced using the emergency system that was just tested when they can hide the final "event" no longer?





DW.DE: Mauritania has closed its border with Mali after the country reported its first Ebola death near the frontier shared by the two countries. The WHO says more than 10,000 people have now been infected with the virus.

DW.DE: The first effective Ebola medication could come from China. It is meant to heal, but it may also take the wind out of the sails of the African critics of China's foreign policy, says DW columnist Frank Sieren. It could be a light at the end of the tunnel for Ebola victims in West Africa: a new drug is in sight - and it's not from the US or Europe, but China. Sihuan Pharmaceutical, the third biggest pharmaceutical firm in the country, last week sent several thousand doses of the experimental medication JK-05 to the region. Though the drug is intended for Chinese aid workers at first, should they get infected with the virus. But the company is continuing its research, together with the Academy of Military Medical Sciences (AMMS), in an attempt to refine the medication as quickly as possible, and could be made available to the African population before the end of the year. https://www.dw.de/beijing-develops-ebola-drug/a-18013324


Christof Lehmann (NEO): A global economic collapse has become unavoidable, said former chief economist of the Bank of International Settlements (BIS) William White in response to the BIS’ quarterly report in September 2013. Experts forecast that a global economic collapse may occur, overnight, some time at the end of 2014 or in 2015. The fact that private interests are holding the U.S. Federal Reserve and the Central Bank of England as well as the Bretton Woods institutions in a state of capture makes it improbable that the governments of the USA, UK and EU could prevent a collapse.


Their policies have remained largely unchanged since early 2013, when the Deputy Governor of China’s National Bank, Yi Gang, stressed that China does not look forward to an economic war, but that it is prepared for it. BRICS member states have since then capitalized the BRICS Development Bank; the US/UK axis and the EU have launched a war of sanctions against Russia and a civil war in Ukraine. In 2014, China began opening its banking sector for foreign investments and banking at an unprecedented scale; Australia is in a quagmire between US pressure and the trend to make use of attractive and safer Chinese opportunities. Thailand, Malaysia and other economies are increasingly encouraging their traders and investors to study the Chinese market. With the Bretton Woods system at the brink of possible collapse and conflicts looming, gold and the new gold-based economies are catching the, in some cases more, in some cases less hesitant attention of governments worldwide. The trend is, however reluctantly it is accepted, impossible to ignore. China overtook the U.S.’ as the world’s leading economy measured in buying power and is poised to become No.1 measured in GDP within a bout one year too, reports the IMF. https://journal-neo.org/2014/10/27/gold-or-gunfire-hedging-against-the-c...




SHEPARD AMBELLAS (INTELLIHUB.COM): It looks like the mainstream media, in conjunction with the Obama Administration, have been hiding the truth about the deadly Ebola virus from the general public. Not only have they concealed the fact that Ebola was patented by the U.S. Government in 2009 and is a known bioweapon, they are also hiding how it transmits. A study published by the Journal of Applied Microbiology on May 22, 2010, titled The survival of filovirues in liquids, in solid substrates and in a dynamic aerosol concludes that the Zaire Ebola virus (ZEBOV) “can survive for “long periods” on various surfaces, especially “plastic” and “glass” at “low temperatures for over 3 weeks”. Shockingly, the study also concludes that flilovirues, such as ZEBOV, can transmit via aerosol particulates and were likely already weaponized in 1999, adding grave concern to people in-the-know. To learn more about chemtrails and Obama’s secret chemtrail budget, read an article titled Exposed: Secret Presidential Chemtrail Budget Uncovered – Congress Exceeds Billions To Spray Populace Like Roaches written by Avalon and myself back in March of 2010. The survival of filovirues in liquids, in solid substrates and in a dynamic aerosol — Journal of Applied Microbiology



Shepard Ambellas (Intellihub News): It looks like the mainstream media, in conjunction with the Obama Administration, have been hiding the truth about the deadly Ebola virus from the general public. Not only have they concealed the fact that Ebola was patented by the U.S. Government in 2009 and is a known bioweapon, they are also hiding how it transmits. A study published by the Journal of Applied Microbiology on May 22, 2010, titled The survival of filovirues in liquids, in solid substrates and in a dynamic aerosol concludes that the Zaire Ebola virus (ZEBOV) “can survive for “long periods” on various surfaces, especially “plastic” and “glass” at “low temperatures for over 3 weeks”. Shockingly, the study also concludes that flilovirues, such as ZEBOV, can transmit via aerosol particulates and were likely already weaponized in 1999, adding grave concern to people in-the-know.


John Little (OmegaShock): When I saw nurse Kaci Hickox mount a legal challenge against New York’s quarantine law, all that I could do was shake my head in disgust. When I saw Barak Obama attempt to do the same, it only deepened my absolute revulsion. It isn’t Ebola that will destroy America, it’s the evil men and women who care for no one but their own foolish greed that will destroy us. In fact, we had better hope that Ebola is as bad as we fear, because if we conquer this threat in such a sloppy way, we will be wide open for when something worse comes along. And, yes, there ARE diseases that are worse than Ebola. Basically, we have arrived at this awful point in time because we are fools. Yes, we had help in our foolishness, but it doesn’t change the fact that we are responsible for our own demise. We did it. We allowed others to do it. How very stupid we are. And yes, I firmly include myself with everyone else. I am just as guilty as anyone. Unfortunately, it’s too late to undo the damage. The fools and villains running the asylum are so firmly entrenched that we’d have to cause the very collapse that we are trying to avoid, just to get rid of them. Worse, Ebola appears to be biting deep into America, and our feeble response to it is going to be too little, too late. Dr. Profeta aptly described the collapse of America’s healthcare system if just a really bad flu blasts through the US – something less deadly than what Ebola appears to be. And, if something worse happens? Well, here’s a look at a realistic possibility of something worse happening: what happens if even one part of our fragile society is disrupted. What happens when truck drivers are too afraid to deliver goods? What happens when policemen choose not to show up for work? What happens when cashiers, clerks, nurses, teachers and bus drivers choose to stay home? Everything shuts down. The food distribution system fails. People go hungry. We start killing each other. Society collapses. The big question in my mind is how many cases of Ebola will we need, to get the process started. I don’t know…and I don’t WANT to know. I truly hope that you’ll be ready for this.




Jesus said, (Matthew 11:28) "Come unto me, all ye that labour and are heavy laden, and I will give you rest."





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





Harvey's comments on Monday price action (basis 1:30 PM EST)





Quote:


Gold: $1229.10 down $2.10
Silver: $17.12 down 2 cents

In the access market 5:15 pm:

Gold $1226.00
silver $17.13







Friday, Oct 24th Gold and Silver Action (basis 1:30 PM EST)

https://www.silverdoctors.com/harvey-organs-gold-silver-update-options-e...










Total, Oct (Gold), Nov (Silver), Dec (Gold, Silver) Open Interest





In silver:


Quote:

The total silver Comex OI surprisingly rose by 1629 contracts despite the fact that silver was down on Friday to the tune of 3 cents. The shorts are now in a state of shock as OI rises despite the constant raids on silver. Tonight the silver OI complex rests at 173,699 contracts. In ounces, this represents 868 million oz or 124.0% of silver annual production (annual production of 700 million oz ex China). In commodity law generally the OI is represented by 3 to 5% of annual production. These silver contracts are in very strong hands and as I have indicated to you on countless occasions, this will continue to bring nightmares to our bankers. Probably this is as good a reason as ever for the bankers to raid on a continual basis trying to force those longs to puke their interests, and again they failed today.

We are in the non active silver contract of October and here the OI fell by 8 contracts down to 2 contracts. We had 8 notices served upon yesterday so we neither gained nor lost any silver contracts standing for the October contract month. November is also a non active delivery month and here the OI rose by 8 contracts up to 130 contracts.

The December silver contract is a biggy contract month and tonight it surprisingly only fell by a tiny 592 contracts down to 119,440 contracts. No doubt the December contract month may provide all the fireworks if our major entity tries to take delivery of much of the Comex silver. In ounces, the December contract equates to 597.0 million oz or 85.2% of annual global production (ex China).



In Gold:


Quote:

The total gold Comex open interest rose by a large margin of 1808 contracts from 409,101 up to 410,909 with gold up $2.70 yesterday. Not too many longs left the arena. We are now in the active delivery month of October and generally this is a very poor month for deliveries. The October contract month surprisingly rose by 53 contracts up to 286. We had 0 notices filed yesterday, so we gained 53 gold contracts or an additional 5300 oz will stand for the October contract month. The November contract month saw its OI fall by 16 contracts down to 325. The December contract fell by 2394 contracts down to 276,544.



Volume


In Silver:


Quote:

The estimated volume today was poor at 20,561. The confirmed volume on Friday was also poor at 33,683 contracts. Bill Holter and I strongly believe that only one entity could possibly behind the majority of these longs and that entity is the sovereign Chinese government.



In gold:


Quote:

The estimated volume today was poor at 86,3720contracts. The confirmed volume Friday was also poor at 106,979 and still loaded with high frequency traders.



Inventory Numbers


In Silver Inventory:


Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz

We had 1 dealer withdrawal:
i) Out of CNT: 233,682.95 oz
Total dealer withdrawal: 233,682.95 oz

We had 4 customer withdrawals:
i) Out of Scotia: 563,609.910 oz
ii) Out of CNT: 275,949.02 oz
iii) Out of Brinks: 173,224.80 oz
iv) Out of Delaware: 14,386.700 oz
Total customer withdrawal 1,027,170.43 oz


We had 2 customer deposits:
i) Into CNT; 300,251.180 oz oz
ii) Into Delaware: 2,056.75 oz
Total customer deposits: 302,307.93 oz



We had 0 adjustments:
Total dealer inventory: 66.130 million oz

Total of all silver inventory (dealer and customer) 181.125 million oz.



In Gold Inventory:


Quote:

Today, we had one dealer transaction:
i) Out of the dealer Scotia: 17,454.561 oz
Total dealer withdrawal: 17,454.561 oz oz


Total dealer deposit: nil oz.


We had 2 customer withdrawals:
i) Out of Manfra: 29,752.63 oz
ii) Out of Scotia: 32,150.000 oz (1000 Kilobars???)
Total customer withdrawals: 79,357.191 oz


We had 1 customer deposit:
i) Into Scotia: 16,750.0000 oz (500 kilobars???)
Total customer deposit: 16,750.000 oz oz

We had 0 adjustments:
Total Dealer inventory: 874,169.177 oz or 27.19 tonnes
Total gold inventory (dealer and customer) = 8.514 million oz. (264.82) tonnes)


Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 38 tonnes have been transferred out. We will be watching this closely!



Delivery Notices


In silver:


Quote:

The CME reported that we had 0 notices filed for nil oz today. high OI with a low silver price. Something has got to give!!



In gold:


Quote:

Today, 0 notices were issued from JPMorgan’s dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 50 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped by JPMorgan’s customer account.



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: https://www.investmenttools.com/futures/metals/Base_Metals_Inventory_Lon...


In silver:


Quote:

To calculate what will stand for this active delivery month of October, I take the number of contracts served for the entire month at 772 x 5,000 oz per contract or 3,860,000 ounces upon which I add the difference between the open interest for the front month of October (2) – the number of notices served upon today (0) x 5000 oz per contract

Thus Oct. standings for silver: 772 notices x 5,000 oz per notice or 3,860,000 oz + (xx) – (0) x 5,000 oz = 3,870,000 oz,



We thus have the same silver standing in the October contract month as Friday.



This level should continue to rise as the month progresses.

It looks like China is still in a holding pattern ready to pounce when needed.

The open interest on silver is still highly elevated. Gold has a low OI with a low gold price. Silver has a




In gold:


Quote:

We had 50 notices served upon our longs for 5,000 oz of gold. In order to calculate what will be standing for delivery in October, I take the number of contracts served so far this month at 1139 x 100 oz = 113,900 oz to which I add the difference between the open interest for the front month of October(286) minus the number of notices served upon today (50) x 100 oz = 137,500 oz or 4.276 tonnes.

We gained 5300 additional gold ounces standing for the October contract month.
Thus: October standings:
1139 contracts x 100 oz = 113,900 oz + (286 ) – (50)x 100 = 137,500 oz or 4.276 tonnes



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


Select Commodity Prices


The Bloomberg Baltic Dry Index (BDI) was 1,285.00, up 7.80%. WTI December crude was 80.68 down 0.33. Brent crude was 85.83 down 0.30. The spread between Brent and WTI was 5.15 up 0.03. The 30 year US Treasury bond was down 0.0200 at 3.0300. The 10 year T-Note was down 0.0100 at 2.2600. The dollar was down 0.13 at 85.57. The PPT/Dow was 16817.94 up 12.53. Silver closed at 17.11 down 0.10. The GSR was 71.6014 up 0.0732 oz of silver per oz of gold. CIA's Facebook was 80.28 down 0.39 (0.48%). December wheat was up 5.00 at 522.750. December corn was up 10.00 at 363.00. December lean hogs were down 1.200 at 89.050. November feeder cattle were up 0.150 at 234.800. December copper was up 0.023 at 3.064. November natural gas was down 0.062 at 3.561. December coal was up 0.02 at 52.10.


Thank you for reading the Harvey Report!





There is much more on Harvey's blog: https://www.silverdoctors.com/harvey-organs-gold-silver-update-options-e....


Goooood day!


**************
Mon, Oct 27, 2014 - 10:25pm
DayStar
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RE: Left Behind

Thanks, BOG. I expect to be around for a while, though, unless they come for me on the Night of the Long Knives.

DayStar

Tue, Oct 28, 2014 - 10:19pm
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~~Harvey 28 Oct 2014

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





News and Commentary



Mark O'Byrne (GoldCore): The markets have become increasingly captured by Federal Reserve policy, watching what might be and what might change. “Schrodinger's Cat” is the name given to the idea that the observer (Federal Reserve) of an experiment can by virtue of their very presence affect the subject (Markets) being observed. The Federal Reserve is far, far from a passive influence within the markets, poised to prop up the market should an unthinkable catastrophe threaten, no, now they are THE market. They control almost every facet of the market directly or in most cases indirectly. They have almost limitless power to monetise debt and force their will on the market for as long they wish or along as enough people believe in them in the absence of alternative. And therein lies the keys: market confidence and acceptable alternative monetary systems. Now, this new style of capitalism may be viable, but it depends entirely on the honour and integrity of the people managing the system. Marxism was similarly dependent. And if "by their fruits you shall know them" then it is quite clear that the system is being managed by oligarchs on behalf of their cronies. Noam Chomsky muses over how the cures prescribed by the rich for the poor always fail but still seem to have the unforeseen consequence of making the rich even more wealthy. So what does this mean for owners of gold and those considering acquiring it? We cannot begin to speculate. But we would look at the experience of every other centrally planned economy in history and note that it ended in currency collapse, massive wealth destruction and tears. Our usual prescription still applies. We advise clients to own gold in fully segregated and fully allocated accounts in ultra-secure vaults in the safest jurisdictions in the world.







Harvey: The gold Comex today had a good notice day registering 55 notices served for 5500 oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 264.8 tonnes for a loss of 38 tonnes. In silver, the open interest continues to remain extremely high and we are still at multi year highs at 174,641 contracts. To boot, the December silver OI remains extremely high at 119,269. Today, we had another withdrawal in gold inventory of 2.000 tonnes at the GLD . Inventory rests tonight at 743.39 tonnes. SLV’s inventory remains unchanged and rests at 343.415 million oz. Today is options expiry on the Comex and on Friday we have options on the OTC contracts for both silver and gold. Tomorrow is also announcement day from the Fed (remember that they have supposedly stopped QE). Expect gold and silver to be under the weather for the remainder of the week. GOFO is in backwardation and rates are decreasing.





Bill Holter (Miles Franklin): Russia reported the import of 1.2 million ounces of gold last month. This is a big jump from what they had been previously importing. Earlier in the year if I recall they were running some 300,000 ounces per month and they have now begun to increase this rate. Why is this significant you ask? Because Russia has been under U.S. sanctions for the last 3+ months. If the sanctions were truly biting and crippling Russia, they would not have the financial ability to import any gold at all, much less increase the amount dramatically. Maybe the Chinese are lending them a hand or Russia is acting as a proxy for Chinese buying? I have no idea but Russia increasing their imports of gold certainly was not what Washington envisioned as a result of sanctions I am sure. As a side note, we also got the weekly gold import numbers out of Shanghai. Another 50+ tons after 68 tons the week before, how much longer can China buy nearly ALL global production? The answer of course is until the Western vaults are empty. Speaking of "empty vaults," JP Morgan reported 321,500 ounces of eligible gold withdrawn from their vault last Thursday. This is interesting because it is now the 3rd time in the last two months JPM has had this exact 10 ton withdrawal. Mr. Putin has finally spoken out in aggressive fashion. Late last week he made several statements including, "There is risk of major conflict, the U.S. dollar is losing trust as a reserve currency and the U.S. cannot humiliate its partners forever." Why has he chosen "now" to become boisterous? There can be several reasons individually but most probably all have come together at one time. First, surely none of what he said would be done without the knowledge and approval of China. Secondly, he has just finished many rounds of talks with Middle East nations where I am sure trade, finance, energy and "protection" were all discussed. You can also add to this, November 1st is now only a week away and with it comes the calendar beginning of cold weather. Russian gas supply to Europe is a trump card that no amount of "dollars" can beat, not even if you burn them all for warmth. You see, Mr. Putin has the ability right here and now to blackmail much of Europe into fracturing away from the U.S.



Alasdair Macleod (GoldSeek): In the past governments have covered their debts through a process dubbed financial repression, when artificially low interest rates and bond yields were the principal mechanism whereby wealth is transferred from savers to the government. This process still goes on today. Forget government inflation figures: when did a bank deposit net of taxes last give a positive return after your cost of living increases? Zero interest rate policy lays the process bare, and turns savers into borrowers. Mr Average has replaced savings with mortgages and car loans. And while the elderly and other passive savers are still defenceless against financial repression, the process has taken on a new twist. The transfer of wealth to governments now targets investment managers. Investment and hedge funds we invest with together with the banks which take our deposits speculate on our behalf. They think that with a Yellen or Draghi put underwriting markets a ten-year government bond with a two per cent yield is an attractive investment. In doing so they are transferring financial resources to governments in a variation on old-fashioned financial repression. Our dysfunctional markets have become little more than the essential prerequisite, as Louis XIV’s finance minister Colbert might have said, to plucking the goose for the largest amount of feathers with the minimum of hissing.



Andrew Hoffman (Miles Franklin): European equities have barely rebounded, whilst the "Dow Jones Propaganda Average" has "miraculously" recouped nearly all its losses, via its best week in 21 months - for absolutely ZERO reason other than manipulation. Conversely, precious metals have been attacked with a vengeance even I am shocked by - albeit decidedly unsuccessfully as gold remains well above its "triple-bottom" low of $1,180/oz. As for silver, this week's paper raids cannot be described any better than "Cartel Suicide" - as at current prices, production will collapse into oblivion and the mining industry will vanish (wait until you see the downward reserve revisions if silver ends the year in this price range). Throw in the fact that base metal prices are crashing as well - with an utterly catastrophic near-term outlook; and the prognosis for silver by-product mining is equally bleak. Meanwhile, this "perfect storm" is only growing more powerful, as worldwide physical silver demand has never been higher - and at least one miner, First Majestic, is withholding production and calling for creation of a "silver Cartel." Moreover, an astonishing 25 European banks or 20% of the total failed the ECB's latest "stress test" simulation; which, given how easy such tests are, suggests countless banks are on the verge of being the next Espirito Santo. Consequently, "Goldman Mario" was out in full force Friday morning, jawboning in grand fashion for more money printing. Unfortunately, it didn't work - as unlike the powerful algorithm programs of the U.S. PPT, European interventions couldn't prevent yet another sell-off. Friday's report that French joblessness hit an all-time high depicts just how close Europe is to the precipice; and next month's planned, nationwide worker strikes in Greece will highlight it further. Even these "horrible headlines" don't hold a candle to the fraud that was yesterday's U.S. "New Home Sales" report based on the massive downward revision of August's data. To that end, recall last month's initial reading, in which it was reported that new home sales rocketed higher from 404,000 in July to 504,000 in August. Never mind that new homes account for just 5% of the total home sale market, and that such an explosion made absolutely ZERO sense when considering all other housing data such as the horrific downward trend of the 95% of the market represented by existing home sales. Or, for that matter, the admitted 15% margin of error; or the fact that essentially all previous numbers (especially "strong" ones) have been revised sharply lower.


Chris Hamilton (SRSRocco): Since August ’11 to August of ’14, China has decreased its holdings of US Treasury debt by <-$9> Billion (according to the most recent TIC data)…while continuing to run record trade surpluses with the US. This means China will have (by year-end 2014) taken in $951 Billion in shiny, new, digital dollars and simultaneously sold or rolled off $9 Billion in US Treasury holdings…so China will have had to find a home for $960 Billion new dollars. From ’00 to ’11, China had (on average) recycled 50% of its trade surplus dollar reserves into Treasury’s. However, as noted above, China has been a net seller since August ’11…why is this date important? It was the month after the debt ceiling fiasco…and the date when China’s purported gold purchase binge began. I don’t think these happenings are a coincidence. Since we know China didn’t buy Treasury’s over this period, perhaps we should speculate what those new dollars would do if focused on gold purchases?!? If China rotated the 50% of surplus dollars it had been utilizing to buy Treasury’s and instead bought Gold…at an average of say $1500 an ounce since Aug ’11…that would buy China exactly 10,000*** tons of gold by year-end 2014. Hmmm…Implications abound. What the intelligence community fears is that China will suddenly announce that they have, say, 20,000 tonnes of gold, and it will knock the dollar and the American economy and military into a cocked hat.



Andy Hoffman on the end game: Of course, no matter how corrupt TPTB are they can't manufacture gold. Supply and demand have never been tighter; and it's highly likely the Cartel's "end game" is rapidly approaching; perhaps, far sooner than most can imagine. Which is why we repeat our mantra - on this, my third anniversary at Miles Franklin - to PROTECT YOURSELF, and DO IT NOW! DS: Andy frequently repeats his mantra that TPTB can't manufacture gold, and while strictly speaking, that's true, TPTB could and did stockpile PMs. Since 1964 US 90% silver coins have been out of production and have been steadily accumulated by collectors. The only way that 90% could still be available (IMO) is is the elites saw this coming and bought billions of oz of 90% when silver was $4/oz. They did it in the name of keeping the rigged game going a little longer at the end of their run. They also have stockpiles of legacy gold (Kremlin) and silver (China) that are clandestinely fed into the system to keep it going, for all the paper has to rest on something. They are willing to expend it to gain the whole world, and they plan to seize it all back anyway and put it into a vast vault in Switzerland.


Michael Snyder (TheEconomicCollapseBlog): It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this week. Will this represent a major turning point for the stock market? Since 2008 stocks have risen dramatically throughout every stage of quantitative easing. But when the various phases of quantitative easing have ended, stocks have always responded by declining substantially. The only thing that caused stocks to eventually start rising again was a new round of quantitative easing. So what will happen this time? That is a very good question. What we do know is that the the performance of the stock market has become completely divorced from economic reality, and in recent weeks there have been signs of market turmoil that we have not seen in years. Could the end of quantitative easing be the thing that finally pushes the financial markets over the edge? After all this time, many Americans still don’t understand what quantitative easing actually is. Since the end of 2008, the Federal Reserve has injected approximately 3.5 trillion dollars into the financial system. Of course the Federal Reserve didn’t actually have 3.5 trillion dollars. The Fed created all of this money out of thin air and used it to buy government bonds and mortgage-backed securities. If that sounds like “cheating” to you, that is because it is cheating. If you or I tried to print money, we would be put in prison. When the Federal Reserve does it, it is called “economic stimulus”.







This Will Not End Well (In The Short Term)


Kurt Nimmo (Infowars.com): The deadly Ebola virus can survive for more than seven weeks on certain surfaces according to research conducted by the UK’s Defense Science and Technology Laboratory. Tests performed prior to the latest Ebola outbreak in 2010 showed the Zaire strain lived in samples in low temperatures on glass for nearly two months. The results were published in a paper by Sophie Smither and her colleagues at the laboratory. Titled “The survival of filoviruses in liquids, on solid substrates and in a dynamic aerosol,” the study details the results of tests on two filovirus strains, the Lake Victoria Marburg virus and Zaire Ebola virus. The viruses were placed into guinea pig tissue samples and tested for their ability to survive in different liquids and on different surfaces at various temperatures. Three samples stored at 39 degrees Fahrenheit were recovered after 26 days from glass and plastic surfaces. The Zaire strain of Ebola was active after 50 days. “This study has demonstrated that filoviruses are able to survive and remain infectious, for extended periods when suspended within liquid and dried onto surfaces,” said the researchers. The report concludes that aerosolized filovirvuses “pose a significant threat to humans, as they are able to remain infectious over a significant period of time.” The Centers for Disease Control and Prevention continues to insist Ebola does not pose a threat. “We remain confident that Ebola is not a significant public health threat to the United States,” CDC director Thomas Frieden told a panel of the House Energy and Commerce Committee earlier this month. “We know Ebola can be stopped with rapid diagnosis, appropriate triage and meticulous infection-control practices in American hospitals.”


Shawn Hannity Show: David B. Samadi, the Chairman of Urology, Chief of Robotic Surgery at Lenox Hill Hospital and a FOX News contributor, was on with Sean Hannity to discuss the potential Ebola outbreak in the US. Dr. Samadi told Sean that 230 doctors have died from the disease in Africa. “You cannot possibly be perfectly fine Wednesday night and then Thursday morning you have a fever of 103. We know that this disease is a moving target. You have to respect this virus… But the truth is you have a health care professional, we have 230 of these doctors who have died over there. We still don’t know how they can possibly get it. We keep saying bodily fluid, I get it. But the CDC guidelines is constantly changing.”


Susan Duclos (All News Pipeline): Ebola has been aerosolized and made into the perfect weapon. As the details from Steve Quayle explain clearly, according to two US Army studies, Ebola "can spread by air in cold, dry weather common to the U.S." Quayle explains to Alex Jones that it is his belief that there will be "selective breakouts in selective cities," and the government will attempt to "control the flow of information," which is evidenced clearly by the very first case of Ebola in the US, the now deceased Thomas Duncan, where officials doctored the date of his death but the doctored date was exposed as a lie when the nurse caring for him told "60 minutes" the actual date of his death. Quayle also explains what the endgame is and how we will all be led like sheep to our own slaughter. As he so accurately states, this is an "in your face attack."




DailyMail.CO.UK: One of the big problems hindering containment of Ebola is the cost and difficulty of diagnosing the disease when a patient is first seen, researchers say. Conventional fluorescent label-based virus detection methods require expensive lab equipment, significant sample preparation, transport and processing times, and extensive training to use. The Boston University team has spent the past five years advancing its solution. They say the device could be used to diagnose Ebola and other hemorrhagic fever diseases in resource-limited countries. The first demonstration of the concept, described in the American Chemical Society Journal Nano Letters in 2010 and developed by an ENG research group led by Selim Ünlü, a professor of biomedical engineering, electrical and computer engineering, and materials science and engineering, in collaboration with Bennett Goldberg, a College of Arts & Sciences professor of physics, showed the ability to pinpoint and size single H1N1 virus particles. After four years of refining the instrumentation with the collaboration of John Connor, a School of Medicine associate professor of microbiology, and other hemorrhagic fever disease researchers at the University of Texas Medical Branch, the team has demonstrated the simultaneous detection of multiple viruses in blood serum samples—including viruses genetically modified to mimic the behavior of Ebola and the Marburg virus. Mentioned in Forbes magazine as a potentially game-changing technology for the containment of Ebola, the device identifies individual viruses based on size variations resulting from distinct genome lengths and other factors. Read more: https://www.dailymail.co.uk/sciencetech/article-2810363/Scientist-reveal-low-cost-smart-light-test-Ebola-just-30-minutes-operated-anyone.html#ixzz3HUCu5cUE


W.J. Hennigan (LATimes): Army Chief of Staff Gen. Ray Odierno issued a directive late Monday that all soldiers assisting in the Pentagon’s Ebola support mission in West Africa must be quarantined for three weeks before redeploying elsewhere. “He has done this out of caution to ensure soldiers, family members and their surrounding communities are confident that we are taking all steps necessary to protect their health,” the Army said in a statement. The Pentagon has said that up to 4,000 troops could be deployed to West Africa to deal with the spread of the Ebola virus. The majority of that force, about 3,200 soldiers, are expected to come from the Army. Already, Army Maj. Gen. Darryl A. Williams, commander of U.S. Army Africa, and 11 other soldiers returning from the Pentagon’s Ebola support mission in Liberia are being isolated and monitored for three weeks at a U.S. military installation at Vicenza, Italy. Williams arrived in Liberia last month to form an advance team in West Africa before another commander formally took over Sunday. https://www.latimes.com/nation/la-na-army-soldiers-quarantine-20141027-story.html?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fnews%2Fnationworld%2Fnation+%28L.A.+Times+-+National+News%29




BreitbartNews (Breitbart.com): An informed source told Judicial Watch there is a secret plan to bring Ebola-infected non-citizens into the U.S. The plan is both illegal and dangerous. The general idea is bring these Ebola victims into the U.S. within the first few days of diagnosis. There is one way President Obama can carry out this initiative. He can do this by offering foreign nationals a special parole. Under federal regulations, a parolee could be defined as an alien who is inadmissible to an inspection officer, but permitted into the U.S. for humanitarian reasons. Obama has already used this exemption for the illegal alien “minors” who illegally crossed our border. He could do this again, without notice or announcement, to open the door to foreign nationals carrying the deadly Ebola infection. So, as some argue about whether to restrict flights and visitors from Ebola-afflicted countries in West Africa, Obama allegedly plans to allow non-citizens infected with the virus into the United States. All the flight and travel bans in the world won’t address this president’s abusive use of power to allow [DS: recruit?] aliens with Ebola into the country.





Robert O'Dowd (VeteransToday): For those of us who believe that Ebola is threat to the human race, the ‘breaking news’ is that nano silver, 10 ppm, an inexpensive nutrient, is a cure for Ebola. The facts are nano silver, 10 ppm, is now being used in Sierra Leone to cure patients infected with Ebola. According to Rima E. Laibow, MD, a leading advocate for the use of nano silver, 10 ppm, in curing Ebola said: The international community says, with a single voice, that “there is no cure for Ebola” and no “prevention,” either. They tell us that because the Ebola Virus strain devastating West Africa is a novel one, no antibiotic can touch it and that the organism has an astonishing kill rate of 90%. Leaving aside the World Health Agency and all associated laboratories and research institutions, I find it impossible to believe that the US Government’s Defense Threat Reduction Agency (DFRA, Defense Department) and United States Army Medical Research Institute of Infectious Diseases (USAMRIID) two agencies with large budgets publishing nearly 100 scientific papers on Ebola and its treatment since 2000, could not come up with a “cure, prevention or treatment” for it. Oh! Wait! They DID “come up” with a natural strategy for it: 10 PPM Nano Silver. That’s right! OOPS! US Government, WHO and their associated minions are lying! Again! And the kill rate for this disease of convenience, genetically engineered to be more deadly than ever before, just happens, I am sure coincidentally, to be the exact number depopulationists like Bill Gates and George Soros have wet dreams about: 90%." Dr. Rima said that Ebola is airborne and can penetrate any cell in the body. It’s a highly infectious organism. Pharmaceutical companies can’t make money off of nano silver, 10 ppm, but they can make a fortune off of an Ebola vaccine, especially if there’s a pandemic. While searching for information on Ebola on the internet, I ran across news story published in Sierra Leona on the effectiveness of nano silver, 10 ppm, in curing Ebola in that West African country. Nano Silver prevents the Ebola virus from entering the cell and puts your immune system into overdrive. Veterans Today senior editor Gordon Duff is now reporting “There is an organized terror plot on behalf of financial entities to spread Ebola through the United States.” Duff explains: We have information through private communication with a well known and sometimes maligned foreign intelligence agency that the US has been targeted…people are being purposefully infected with Ebola. We do not know for certain if this involved profit related to vaccinations but we do know that it involves the upcoming US election, oil price fluctuations and manipulation of the US stock markets.




Tyler Durden: “How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?” The federal government does. The topic of civil asset forfeiture has been high on our agenda recently as federal ‘agents’ discover how to steal Americans’ hard-earned cash with zero repercussions , and decide unilaterally how much cash a ‘common man’ is allowed to carry; but as The NY Times reports, the escalation to The IRS brings a whole new world of possibilities with regard asset confiscation based on no actual crime being proved…As The NY Times reports, For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away – until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000. The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.


Cris Putnam (Supernaturalworldview.com): When I started The Supernatural Worldview, the rise in demonic activity was a speculation. Today, it’s a certainty. On February 16, 2014, the Associated Press reported, “Pa. woman admits Craigslist killing, 22 other satanic murders.” New cases like that are added to my list daily, it is unprecedented. The book has links to a multitude of news stories supporting the idea that demons are increasingly active. For example, a 2012 article at Christian News, “Extreme Demonic Manifestations on the Rise Worldwide,” linked at the footnote. Based on my volunteer work, recent events, and the available media data, I think one can generalize that such demonization is increasing worldwide. I am not saying it is valid to make scientific sociological assertions from anecdotal accounts, but when I encounter so many people saying the same sorts of things, I feel confident that this sort of testimony is characteristic. Russ Dizdar, author of The Black Awakening, is a pastor who specializes in the occult. I emailed Russ for his opinion on recent events and he replied: Yes I believe the supernatural…especially the dark side of it has ramped up in a massive way over the last 35 years…and I do believe what we have seen and researched and heard in the last three decades is merely a scratch of what’s to come. I say this on these levels: My 35 years in the field of evangelism, counseling, and dealing with demonized people—there are just so many. The issues of “sleep paralysis,” voices in the head, new rituals, astral projection, channeling, and crazed, supernaturally driven killings are all growing. My 30 years of work targeting the “underground”…satanic ritual abuse, the covens, and the organized side of what is so hidden. The sheer number of victims in many nations now is staggering: 40 million and now four generations of them. The growth of the New Age movement worldwide…to infect 1 billion-plus. The growth of old occultism like Aleister Crowley’s work worldwide, secret societies, and clubs. The exponential growth of cults and sects (like Mormonism’s 14 million, Scientology, Moonies etc.). The volumes of books from the New Age to very deep, dark-side works read by hundreds of millions. The global gatherings in 2012 continue…convergences and rituals continue. The reopening of ancient ritual sites, nephilim sites worldwide. Cris, ultimately it’s the biblical prophecy that unveils the massive ramping up to the point of a worldwide quest that infects politics, economics, and the military (Revelation 12 explains it is the dragon who seeks to lead the world world astray). Biblical prophecy gives us the heads up and the cutting edge to know what the enemy is bringing. And it paints a picture of unprecedented, unequaled, and globally gripping satanic/demonic powers infecting and manifesting beyond anything in all of history.


Belle Ringer (SalvationAndSurvival): With each passing year, it seems that the controversy over celebrating Halloween continues to grow. With the advent of TV shows like The Walking Dead and the newly released Constantine, as well as "reality shows" like Paranormal State and Ghost Hunters, it's hard to look upon my childhood holiday as the innocent exchange of candy for "trick or treating"; especially when the historical roots of the day are supposed to point to a "hallowed" or "holy" evening of remembering the dead. Although purists will argue that this day simply commemorates those who have died, including saints (hallows), martyrs, and all the faithful departed believers, I sense that in this increasingly wicked world, it has discovered its real origins and been co-opted by something far more sinister. My Biblical worldview is seeing a dangerous confluence between a rise of interest in the Occult, the existence of the Satanic Temple, and the overt exhibitions by the music industry into supernatural and demonic imagery. You can try to convince me of the Christian influence of Halloween, but I'm not buying it. Nowhere does it appear in the Bible as a feast or holy day to be celebrated. In fact, we are warned not to seek out "anyone who practices divination or tells fortunes or interprets omens, or a sorcerer or a charmer or a medium or a necromancer or one who inquires of the dead."




John Little (OmegaShock): I’m struck by a thought that I haven’t seen anyone talk about – the effect of urbanization on the spread of pandemics. And, I’m surprised that so little is being said about this. Yet, it would have been the growth in city population (i.e., urbanization) that had to have been one of the leading causes for why so many died of the Spanish Flu. Those living in cities would have had a dramatically higher chance of dying from the 1918 Flu Pandemic, than those who live outside the cities, on a farm. Even more interesting is the fact that the Spanish Flu of 1918 was less lethal than Ebola – ‘only’ killing between 10% and 20% of its victims. The best model for the Ebola threat is the 1918 Flu Pandemic. Unfortunately that model is out of date because life is quite a bit different today, than it was almost a hundred years ago. Today, we zip around on planes, trains and automobiles. Back then, we didn’t zip at all, and were lucky to even SEE an automobile, let alone ride in one. In 1918, world population was under two billion, and today it’s more than three times that, at 7.1 billion. In 1918, about 50% of the US lived in cities. Today, it’s 81%. In 1918, the mortality rate for the Spanish Flu was between 10% and 20%. The mortality rate for Ebola is between 60% and 90%. we are far, far more vulnerable now to pandemic disease, than ever before. We travel more quickly, more often and much farther. We live in cities, instead of farms. Our population is three times greater, and we are faced with a pandemic that kills a far higher percentage of its victims. Even worse, we have a population that has been so dumbed down, that we passively accept the pronouncements of the US President and the CDC – instead of rising up and shouting them down. I really don’t care how you want to look at this Ebola pandemic. If it’s a hoax, the US government has committed treason. If it’s real, the government has committed treason. If it’s a hoax, something worse than Ebola is coming. If it’s not a hoax… well …Ebola is coming. And, if Ebola fizzles out… as I said before …there are worse things than Ebola. Add to that, the fact that we are more vulnerable to pandemic disease now, than in 1918, and you have a recipe for something truly horrifying. There are two things that should guide us in the days ahead: The Bible and History. Governor John Martin Poyer saved his island of Samoa from the Spanish Flu by closing the borders. Since America refuses to do that, you must be ready to find a place where you can keep infection as far from yourself as possible. When it comes to pandemic disease, quarantine is the ONLY solution.


Acts 2:38 Then Peter said unto them, Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and ye shall receive the gift of the Holy Ghost.
39 For the promise is unto you, and to your children, and to all that are afar off, even as many as the Lord our God shall call.







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





Harvey's comments on Tuesday price action (basis 1:30 PM EST)





Quote:


Gold: $1229.20 up $0.10
Silver: $17.19 up 7 cents

In the access market 5:15 pm:

Gold $1226.00
silver $17.13







Monday, Oct 27th Gold and Silver Action (basis 1:30 PM EST)

https://www.silverdoctors.com/harvey-organs-gold-silver-update-backwardation/









Total, Oct (Gold), Nov (Silver), Dec (Gold, Silver) Open Interest





In silver:


Quote:

The total silver Comex OI surprisingly rose by 942 contracts despite the fact that silver was down yesterday to the tune of 2 cents. The shorts are now in a state of shock as OI rises despite the constant raids on silver . Tonight the silver OI complex rests at 174,641 contracts. In ounces, this represents 873 million oz or 124.7% of silver annual production (annual production of 700 million oz ex China). In commodity law generally the OI is represented by 3 to 5% of annual production. These silver contracts are in very strong hands and as I have indicated to you on countless occasions, this will continue to bring nightmares to our bankers. Probably this is as good a reason as ever for the bankers to raid on a continual basis trying to force those longs to puke their interests, and again they failed today.

We are in the non active silver contract of October and here the OI remained constant at 2 contracts. We had 2 notices served upon yesterday so we neither gained nor lost any silver contracts standing for the October contract month. November is also a non active delivery month and here the OI remained constant at 130 contracts.

The December silver contract is a biggy contract month and tonight it surprisingly fell by a tiny 171 contracts down to 119,269 contracts. No doubt the December contract month may provide all the fireworks if our major entity tries to take delivery of much of the Comex silver. So far nobody wishes to leave the silver arena. In ounces, the December contract equates to 596.3 million oz or 85.1% of annual global production (ex China).



In Gold:


Quote:

The total gold Comex open interest rose by a large margin of 3406 contracts from 410,909 up to 414315 with gold down $2.70 yesterday. Not too many longs left the arena. We are now in the active delivery month of October and generally this is a very poor month for deliveries. The October contract month surprisingly fell by 157 contracts down to 129. We had 50 notices filed yesterday, so we lost 107 gold contracts or an additional 10,700 oz will not stand for the October contract month. The November contract month saw its OI fall by 77 contracts down to 248. The December contract fell by 1165 contracts down to 275,379.



Volume


In Silver:


Quote:

The estimated volume today was poor at 28,825. The confirmed volume yesterday was also poor at 24,812 contracts. Bill Holter and I strongly believe that only one entity could possibly behind the majority of these longs and that entity is the sovereign Chinese government.



In gold:


Quote:

The estimated volume today was poor at119,697 contracts. The confirmed volume yesterday was also poor at 96,735 and still loaded with Bart Chilton’s high frequency traders.



Inventory Numbers


In Silver Inventory:


Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz.

We had 0 dealer withdrawals.
Total dealer withdrawals: nil oz.

We had 3 customer withdrawals:
i) Out of Scotia: 300,300.72 oz
ii) Out of CNT: 56,180.42 oz
iii) Out of Delaware: 2,987.400 oz.
Total customer withdrawals: 359,468.54 oz.

We had 1 customer deposit:
i) Into Brinks: 533,326.10 oz.
Total customer deposits: 533,326.10 oz.

We had 0 adjustments:
Total dealer inventory: 66.737 million oz.
Total of all silver inventory (dealer and customer): 180.340 million oz.



In Gold Inventory:


Quote:

Today, we had zero dealer transactions.
Total dealer withdrawal: nil oz.
Total dealer deposit: nil oz.

We had 0 customer withdrawals:.
Total customer withdrawals :nil oz.
We had 0 customer deposit:.
Total customer deposit: nil oz.

We had 2 adjustments:
i) Out of Manfra: 96.975 oz was adjusted out of the customer and this landed into the dealer at manfra.
ii) Out of Scotia: 29,810.151 oz was adjusted out of the customer and this landed into the dealer at Scotia.

Total Dealer inventory: 904,076.903oz or 28.12 tonnes.
Total gold inventory (dealer and customer) = 8.514 million oz. (264.82) tonnes)
Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 38 tonnes have been transferred out. We will be watching this closely!



Delivery Notices


In silver:


Quote:

The CME reported that we had 2 notices filed for 10,000 oz today.



In gold:


Quote:

Today, 0 notices was 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 55 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices stopped by JPMorgan customer account.

We had 55 notices served upon our longs for 5500 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: https://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 October, I take the number of contracts served for the entire month at 774 x 5,000 oz per contract or 3,870,000 ounces upon which I add the difference between the open interest for the front month of October (2) – the number of notices served upon today (2) x 5000 oz per contract

Thus Oct. standings for silver: 774 notices x 5,000 oz per notice or 3,870,000 oz + (2) – (2) x 5,000 oz = 3,870,000 oz.

We thus have the same silver standing in the October contract month as Monday.
This should complete the October silver month and a rather large 3.87 million oz stood for delivery.
It looks like China is still in a holding pattern ready to pounce when needed.



In gold:


Quote:

In order to calculate what will be standing for delivery in September, I take the number of contracts served so far this month at 1224 x 100 oz = 122,400 oz,to which I add the difference between the open interest for the front month of October(129) minus the number of notices served upon today (55) x 100 oz = 129,800 oz or 4.037 tonnes.
We lost a rather large 10,700 gold ounces standing for the October contract month.
Thus: October standings:
1224 contracts x 100 oz = 122,400 oz + (129 ) – (55)x 100 = 129,800 oz or 4.037 tonnes



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


Select Commodity Prices


The Bloomberg Baltic Dry Index (BDI) was 1,285.00, up 7.80%. WTI December crude was 81.42 up 0.74. Brent crude was 86.22 up 0.39. The spread between Brent and WTI was 4.80 down 0.35. The 30 year US Treasury bond was up 0.0300 at 3.0600. The 10 year T-Note was up 0.0200 at 2.2800. The dollar was down 0.15 at 85.42. The PPT/Dow was 17005.75 up 187.81. Silver closed at 17.20 up 0.09. The GSR was 71.3837 down 0.2177 oz of silver per oz of gold. CIA's Facebook was 80.77 up 0.49 (0.61%). December wheat was up 8.00 at 530.750. December corn was up 1.50 at 364.50. December lean hogs were up 1.150 at 90.200. November feeder cattle were down 1.150 at 233.650. December copper was up 0.029 at 3.093. November natural gas was up 0.088 at 3.649. December coal was up 0.40 at 52.50.


Thank you for reading the Harvey Report!





There is much more on Harvey's blog: https://www.silverdoctors.com/harvey-organs-gold-silver-update-backwardation/


Goooood day!


**************
Wed, Oct 29, 2014 - 10:14pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 29 Oct 2014

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





News and Commentary



Mark O'Byrne (GoldCore): The U.S. Mint has sold nearly 60,000 ounces of American Eagle gold coins so far in October due to increased global demand from store of wealth buyers as economic and geopolitical uncertainty increased. With only three business days left until the end of October, the U.S. Mint has sold 59,500 American Eagle bullion one ounce gold coins. On a year-on-year basis, U.S. gold coin sales in October are up 21% from 48,500 ounces in October 2013. Store of wealth silver bullion buyers continue to stack silver at a steady clip. They bought 4.12 million ounces of American Silver Eagle coins so far this month, versus 4.14 million ounces in September. This means that nearly 68 times more silver in ounce terms was bought than gold. Silver buyers continue to see silver as severely depressed with silver below $20/oz and the gold silver ratio at 71 or $1,228/oz divided by $17.24/oz. The gold bullion coin sales from the U.S. Mint are the highest monthly sales since January and are higher than the 58,000 that were sold in September. The 58,000 ounces sold in September was more than double the demand in August, mint data shows. Sales to European buyers rose on the belief that a proposal to prohibit the Swiss National Bank from selling any of its gold reserves and a provision that the SNB may have to have a 20% gold backing to the Swiss franc may lead to increased demand both from the Swiss central bank and from other central banks.


GoldCore on the merits of buying bullion: Bullion coins are purchased by long-hold collectors and financial insurance buyers. Bullion coins attract demand from savers and store of wealth buyers, rather than speculative investors and speculators. Bullion coins are used frequently to store intergenerational wealth and pass wealth from one generation to the next. Gold and silver bullion coins remain the preserve of a tiny minority of buyers who are more risk conscious and generally more aware of geopolitical, monetary and indeed systemic risk than the broader public. Smart money is willing to pay a small premium to own actual coins and bars rather than have the exposure of an ETF or digital gold platform. Prudent diversification into physical coins and bars will again reward those who take a long term view.





Dave Kranzler (IRD): Forget the “seasonally adjusted,” highly massaged data released daily now by regional Fed banks, industry organizations (i.e. industry snake-oil selling entities) and of course the Government, here’s what the CEO of NCR, the largest point-sales systems to retailers, had to say after the Company’s 3rd quarter earnings were released: Market conditions within the retail industry worsened in the third quarter, as evidenced by weak same store sales comparisons and financial results. This resulted in our retail customers spending more cautiously than anticipated and further delaying solution rollouts…In addition to our third quarter preliminary results, we now expect our 2014 results to be below our previous guidance. Quite the different picture of the retail environment than what you hear from Wall Street and the media cheerleaders. Even with the massaged data, most current economic reports are falling below Wall Street’s forecasts. The indicators I would point to which reflect the rotting core of economy are the price of oil and the 10yr Treasury yield. The 10yr yield is falling because it’s the only “safe” place to park cash that offers some yield. Note how the yield is dropping despite the ending of QE bond buying. And oil is a function of supply and demand. The price of oil similarly collapsed in 2008 just ahead of the financial and economic collapse that occurred that year. A collapse that was diverted by the onset of an eventual $4 trillion in QE stimulus and taxpayer-funded Government spending. The truth is, real inflation has infected everything households need to buy and deflation will soon hit every asset sector that has been pumped up to the sky again by Fed stimulus. My view is thus that the proposed changes that Mel Watt, O's housing czar, is going to implement really won’t stimulate sales much, if at all. The middle/lower middle class is just not earning enough monthly income after necessity expenses to fund the all-in monthly cost of home ownership. I think the ones that can afford the monthly expense have bought homes with FHA paper over the last 4 years. The “tight credit” narrative was not valid any more than the “low inventory” or Polar Vortex” excuses last winter. The Fed can’t keep the stock market propped up forever unless it prints more money. Housing is going to crash under either scenario.




Dr. Jeffrey Lewis (Silver Coin Investor): I think this is a time when people will look back on us and see this moment as the tipping point where the average man began to understand modern finance and monetary system. After all, I am writing these words, and you are reading this. Our monetary system is a paper tyranny and an underlying threat to everything people hold dear – even the elite. Savings have been stolen through zero interest rates and compounded by inflation. They have distorted the returns on investments by inflating the money supply. They have deliberately manipulated interest rates, LIBOR, the housing market and, through fraud, destroyed the home equity of millions of homeowners – resulting in foreclosures for others. Civilized societies in a state of prosperity tend to have a stable medium of exchange and property rights…The political-financial elite are destroying the purchasing power of the dollar, and thus private property, through inflation. But the average man has no voice in this struggle – if he is even aware. What we saw in 2008 was a massive containment. The mainstream was taken by surprise. I remember watching it all finally unfold, thinking that this was it. Playing out exactly as expected. The most obvious bubble, housing, was imploding. But something happened that felt strange. The real punishment. The event that should have ended housing as a financial asset never came. And so it went on and on. QE worked to reflate the bubble. It wasn’t the real crisis. It was a small crisis. In the time that has passed, trading has become more dangerous new automatic and programmed. Now there is more debt. More accounting tricks. More data manipulation. Blatant. Everyone knows it. But the main players cannot afford to step out of the way. And it’s getting ready to roll over again.


Chris Powell (GATA): The world economy is declining under the burden of too much debt and only inflating it away or repudiating it will change anything, financial letter writer and GATA board member Ed Steer tells the Sprott Money News weekly wrapup with Jeff Rutherford. Steer adds that the futures markets in New York are suppressing commodity prices and distorting all prices. https://www.sprottmoney.com/sprott-money-weekly-wrap-up


Lawrence Williams (MineWeb): While the mainstream financial news media are determined to overlook it, MineWeb's Lawrence Williams writes, China and India alone appear to be taking each month more gold than is being produced. If we look at Indian demand that is also surging with it hitting over 90 tonnes in September, and with the festival season just started with Diwali last week, by all accounts gold sales have continued to increase to the extent that it is again causing current account deficit problems for the government. And gold smuggling in India appears to be on the rise again too given the government has pulled back from relaxing its stringent import restrictions any further. "All indicators suggest that there could indeed be a very large supply deficit building," Williams writes. He adds: "One day gold will surely take off but whether it's this week, next week, next month, next year, or 10 years' time remains open to question. It just depends on how long the big money, and perhaps governments, can keep playing the futures markets to keep commodity prices working to their advantage."


Anirban Nag (Reuters, via Chris Powell at GATA): The Swedish crown hit a four-year low against the dollar and a four-month trough against the euro on Tuesday after Sweden's central bank surprised investors by cutting interest rates to a record low of zero percent. Most analysts had forecast the Riksbank would lower its main interest rate, the repo rate, to 0.1 percent from 0.25 percent to fight a risk of deflation, and the central bank went a step further by forecasting a lower rate path for the future. Riksbank chief Stefan Ingves said the central bank is ready to take unconventional measures that analysts said could include asset purchases, intervening in the currency market to sell crowns or imposing a cap like the Swiss National Bank.



Harvey: The gold Comex today had a good notice day registering 44 notices served for 4400 oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 264.8 tonnes for a loss of 38 tonnes. In silver, the open interest continues to remain extremely high and we are still at multi year highs at 173,733 contracts. To boot, the December silver OI remains extremely high at 117,631. Today, we had another withdrawal in gold inventory of 0.99 tonnes at the GLD . Inventory rests tonight at 742.40 tonnes. SLV’s inventory remains unchanged and rests at 343.415 million oz. GOFO rates are negative, and the trend is mixed.





Andrew Hoffman (Miles Franklin): Bullion coins and bars are the preferred form of investment for the purpose of asset protection and/or financial insurance. They account for nearly all Miles Franklin's business, as we believe strongly in the merit of buying as close to the product's "intrinsic value" as possible. This way, you get as many coins for your money as possible, with absolutely zero "subjective" value. Some firms guide neophyte PM investors toward numismatics with promises they are rare, confiscation-proof, or other speculative beliefs. However, for the most part, they are simply attempting to sell them because their wider spreads yields higher commissions - which, by the way, has been a particularly prevalent practice since gold and silver prices started falling three years ago. Many of these firms are desperate for business - and thus, are "doubling up" their aggressiveness in marketing these highly risky assets. Essentially, numismatics are little different than baseball cards, rare art or even real estate - in that a significant percentage of their "value" is entirely subjective. Generally speaking, we believe numismatics are principally for experienced coin collectors - in most cases, because it's actually their hobby. However, in the rare case where coins with actual scarcity or other unique characteristics trade at a very low premium to underlying bullion intrinsic value, we actively market them - given they may have some "option value" that you get essentially for free. A great example is some of the Royal Canadian Mint limited edition Maple Leaf series, which from time to time trade at prices not significantly different from generic Maples Leafs.





Ed Steer (Casey Research): Even though there was very little volume in either gold or silver yesterday, it was apparent---at least to me---that their respective prices were being quietly managed, as they weren't allowed to break above their Friday closes no matter how many attempts were made. One thing that hasn't changed is the continuing price decline in gold after it's 'failure' at its 50-day moving average last week---which the 6-month gold chart shows. Not surprisingly, the silver price is following suit.



Andrew Hoffman (Miles Franklin): Brazilian stocks are crashing as rapidly as the Real, as this week's Presidential election cast further doubt on the nation's tenuous future. However, politics are immaterial when contrasted with the humanity behind them. And in Brazil's case, this horrifying article about the drought we have highlighted all year depicts a nation on the verge of catastrophic tragedy - as its largest city, Sao Paolo, may have less than a month of fresh water left. If the drought doesn't abate soon, not only will global sugar, soybean, coffee and beef prices continue to surge, but countless thousands of Brazilian lives could be lost. And since this story is horrifying enough, we won't even update you on the equally terrifying prospects for California's economy and population if its own historic drought doesn't shortly abate.



This Will Not End Well (In The Short Term)





Bob Livingston (Personal Liberty): The U.S. Army’s decision Monday to quarantine all its troops who help build the Ebola centers for 21 days after returning from Liberia could exacerbate the health worker shortage, medical experts say. The Army made the decision despite new guidelines from the U.S. Centers for Disease Control and Prevention that say such mandatory quarantines are unnecessary, based on scientific evidence — particularly for workers, such as the soldiers, who aren’t expected to have any contact with ill people. If the military imposes an unnecessary quarantine, experts worry civilian institutions that might provide doctors or nurses will feel the need to do the same, a development that in turn likely would limit the number of volunteers willing to work for weeks in difficult conditions, then spend another three weeks in isolation. Still, on Tuesday, Obama defended the Army’s action as “prudent,” even as he said it would be a mistake to go beyond what scientists deem necessary.





Alex Jones (Infowars): The Centers for Disease Control has expanded the list of risk factors for Ebola that increase the federal agency’s power to forcibly quarantine individuals suspected of being exposed to the virus. Under the new guidelines, issued on Monday, individuals are subject to “movement restrictions” if they have briefly been in the vicinity of an Ebola victim. Previously the CDC outlined how, “Brief interactions, such as walking by a person or moving through a hospital, do not constitute close contact.” However, the new guidelines state that “brief proximity,” or “being in the same room for a brief period of time” with an Ebola victim now constitutes enough of a risk factor for consideration of mandatory quarantine. Given that the previous guidelines only stated that being with an Ebola victim for a “prolonged period of time” represented a risk factor, this suggests that the CDC has recognized that the virus may have gone airborne to some degree.





Audrey Akcasu (RocketNews24): According to Kobe University professor Yoshiyuki Tatsumi and his research staff, there is a one-percent chance that a huge, Japanese-civilization-obliterating volcanic eruption will occur sometime within the next 100 years. One percent may not sound like very much, but when you hear the kind of eruption the professor’s research refers to, you’ll understand why even that tiny number is much bigger than we’d like. Professor Tatsumi’s study warns of the small but distinct possibility of what is known as a Plinian eruption occurring within the next 100 years in Japan. What that basically means is that a volcano will erupt, shooting ash and smoke as high as 18km (11 miles) into the air and spew out a pyroclastic flow (a super hot and very fast-moving mixture of gas and rock) that will engulf vast areas. The eruption would leave behind a huge crater, such as those visible in places such as the Ata crater in Kagoshima (below) and Crater Lake in Oregon, USA.





Kevin Rey (The Peak): A paper recently released by Stephen Hsu, a professor of theoretical physics at Michigan State University, asserts that by tweaking our genomes, we could make humans drastically smarter. He explained that by modifying gene variants, human intelligence could be increased to 10 times what it is now. The paper has inspired renewed discussion in the academic community around the issue of genetic modification and how it might be used to give people ‘superhuman’ powers. Last week, a man who had been paralyzed for two years walked again following a transplant to his spine. The treatment involved the injection of olfactory ensheathing glial cells (OEGs) into the man’s spine, which were able to create new nerve cells and repair damaged ones. Michel Leroux, professor in SFU’s Department of Molecular Biology and Biochemistry, acknowledged the uses of stem cell technology: “It’s simply basic biological principles that multicellular animals, such as us, employ to grow from a single cell to an adult.”




Dr. Paul Craig Roberts (The News Doctors): The federal government has announced that thousands of additional US soldiers are being sent to Liberia. General Gary Volesky said the troops would “stamp out” ebola. The official story is that combat troops are being sent to build treatment structures for those infected with ebola. Why combat troops? Why not send a construction outfit such as an engineer battalion if it has to be military? Why not do what the government usually does and contract with a construction company to build the treatment units? “Additional thousands of troops” results in a very large inexperienced construction crew for 17 treatment units. It doesn’t make sense. Stories that don’t make sense and that are not explained naturally arouse suspicions, such as: Are US soldiers being used to test ebola vaccines and cures, or more darkly are they being used to bring more ebola back to the US? I understand why people ask these questions. The fact that they will receive no investigative answer will deepen suspicions.



John Littel (OmegaShock): As horrifying as Ebola is, I look at it as more of a symptom, than a threat. Yes, it will probably kill millions, and that will be terrible. But, there is worse than that coming, and that concerns me. While we are being distracted by the threat of Ebola, governments and bankers are destroying what little of your future is left. We continue to rush headlong toward World War III. The economic system continues its plunge into the abyss. Our churches drift ever deeper into moral depravity. And, no one is paying attention to any of that, except for Ebola. Maybe. Just remember, as you prepare, that a massive financial collapse is hiding behind this Ebola scare – which is why so many of us are suspicious about the disease. It is coming at an entirely too convenient time for the government and the bankers. They WANT an excuse to declare martial law, so that you won’t be able to protest the collapse of the financial system. And yes, we are EXTREMELY close to that collapse. Some, like Harvey Organ and Bix Weir are claiming that the collapse will happen in a couple months. Martin Armstrong’s Economic Confidence Model predicts the collapse will happen on October 1st, 2015. The rest of us thought that the collapse would have happened long before now. Of course, WHEN it happens is less important than WHAT will happen. Everyone with half a brain agrees that this collapse will be the worst in world history. Such a collapse always leads to war, and – this time – the opposing sides will have nuclear weapons. And, all it takes is one of those to ruin your whole day. But, it’s not like we weren’t warned that this was coming. Jesus has spoken about this – and to us – through Matthew 24, Mark 13 and Luke 21. And, this verse from Luke is especially significant: Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man. – Luke 21:36. That is a foundational verse for this site, and it speaks to everything that I’ve been talking about. When Jesus said for us to WATCH, He meant for us to do more than express our outrage over what is happening. He meant for us to prepare. And, when Jesus said for us to pray, He meant for us to do more than just speak empty words to God. He meant for us to earnestly seek Him and His righteousness. So, look past the pandemic(s) that lies at our door, and prepare for what comes after. Most of all…pitch out those things in your life that are sinful, and walk with God.


A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished. – Proverbs 22:3





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





Harvey's comments on Wednesday price action (basis 1:30 PM EST)





Quote:


Gold: $1224.30 down $4.90
Silver: $17.22 up 4 cents

In the access market 5:15 pm:

Gold $1212.00
silver $17.10







Tuesday, Oct 28th Gold and Silver Action (basis 1:30 PM EST)

https://www.silverdoctors.com/harvey-organ-gold-silver-whacked-as-qe-ends/










Total, Oct (Gold), Nov (Silver), Dec (Gold, Silver) Open Interest





In silver:


Quote:

The total silver Comex OI fell by a tiny 908 contracts despite the fact that silver was up yesterday to the tune of 7 cents. The shorts are now in a state of shock as OI remains elevated despite the constant raids on silver . Tonight the silver OI complex rests at 173,733 contracts. In ounces, this represents 869 million oz or 124.0% of silver annual production (annual production of 700 million oz ex China). In commodity law generally the OI is represented by 3 to 5% of annual production. These silver contracts are in very strong hands and as I have indicated to you on countless occasions, this will continue to bring nightmares to our bankers. Probably this is as good a reason as ever for the bankers to raid on a continual basis trying to force those longs to puke their interests, and again they failed today.

We are in the non active silver contract of October and here the OI lowered by 2 contracts. We had 2 notices served upon yesterday so we neither gained nor lost any silver contracts standing for the October contract month. November is also a non active delivery month and here the OI rose by 5 contracts to 135 contracts.

The December silver contract is a biggy contract month and tonight it fell by a marginal 1,638 contracts down to 117,631 contracts. No doubt the December contract month may provide all the fireworks if our major entity tries to take delivery of much of the Comex silver. So far nobody wishes to leave the silver arena. In ounces, the December contract equates to 588 million oz or 84.0% of annual global production (ex China).



In Gold:


Quote:

The total gold Comex open interest rose by a small margin of 95 contracts from 414,315 up to 414,410 with gold up $0.10 yesterday. Not too many longs left the arena. We are now in the active delivery month of October and generally this is a very poor month for deliveries. The October contract month surprisingly fell by 85 contracts down to 44. We had 55 notices filed yesterday, so we lost 30 gold contracts or an additional 3,000 oz will not stand for the October contract month. The November contract month saw its OI fall by 27 contracts down to 221. The December contract fell by 3,342 contracts down to 272,037.



Volume


In Silver:


Quote:

The estimated volume today was poor at 23,163!!! The confirmed volume yesterday was also poor at32,863 contracts. Bill Holter and I strongly believe that only one entity could possibly behind the majority of these longs and that entity is the sovereign Chinese government.



In gold:


Quote:

The estimated volume today was poor at 86,104 contracts. The confirmed volume yesterday was also poor at 131,335.



Inventory Numbers


In Silver Inventory:


Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz

We had 1 dealer withdrawal:
i) Out of Delaware: 93,111.15 oz.
Total dealer withdrawal: 93,111.15 oz.

We had 1 customer withdrawal:
i) Out of CNT: 250,324.79 oz.
Total customer withdrawal 250,324.79 oz.

We had 2 customer deposits:
i) IntoBrinks: 599,651.45 oz.
Total customer deposits: 599,651.45 oz.

We had 1 adjustment:
i) Out of JPMorgan: 121,477.72 oz was adjusted out of the dealer and back into the customer account of JPMorgan

Total dealer inventory: 66.532 million oz.
Total of all silver inventory (dealer and customer) 180.931 million oz.



In Gold Inventory:


Quote:

Today, we had 1 dealer transaction:
i) Out of the dealer Brinks: 14,050.77 oz.
Total dealer withdrawal: 14,050.77 oz oz.
Total dealer deposit: nil oz.

We had 2 customer withdrawals:
i) Out of Manfra; 32.15 oz (one kilobar)
ii) Out of Scotia: 75,100.972 oz
Total customer withdrawals :75,133.122 oz

We had 2 customer deposits:
i) Into JPMorgan: 16,075.000 oz (500 kilobars)
ii) Into Scotia: 6430.00 oz (200 kilobars)
Total customer deposit: 22,505.000 oz (700 kilobars)

We had 0 adjustments.

Total Dealer inventory: 890,128.693oz or 27.68 tonnes
Total gold inventory (dealer and customer) = 8.447 million oz. (262.27) tonnes)

Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 41 tonnes have been transferred out. We will be watching this closely!



Delivery Notices


In silver:


Quote:

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



In gold:


Quote:

Today, 0 notices was 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 44 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices stopped by JPMorgan customer account.

We had 44 notices served upon our longs for 4400 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: https://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 October, I take the number of contracts served for the entire month at 774 x 5,000 oz per contract or 3,870,000 ounces upon which I add the difference between the open interest for the front month of October (2) – the number of notices served upon today (2) x 5000 oz per contract

Thus Oct. final standings for silver: 774 notices x 5,000 oz per notice or 3,870,000 oz + (0) – (0) x 5,000 oz = 3,870,000 oz,

We thus have the same silver standing in the October contract month as Tuesday.

This should complete the October silver month and a rather large 3.87 million oz stood for delivery.

It looks like China is still in a holding pattern ready to pounce when needed.



In gold:


Quote:

In order to calculate what will be standing for delivery in September, I take the number of contracts served so far this month at 1268 x 100 oz = 126,800 oz,to which I add the difference between the open interest for the front month of October(44) minus the number of notices served upon today (44) x 100 oz = 126,800 oz or 3.934 tonnes.

We lost a rather large 3,000 gold ounces standing for the October contract month.

Thus: October standings: (probable final standings)
1268 contracts x 100 oz = 126,800 oz + (44 ) – (44)x 100 = 126,800 oz or 3.934 tonnes



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


Select Commodity Prices


The Bloomberg Baltic Dry Index (BDI) was 1,428.00, up 2.37%. WTI December crude was 81.98 up 0.56. Brent crude was 87.12 up 0.90. The spread between Brent and WTI was 5.14 up 0.34. The 30 year US Treasury bond was down 0.0100 at 3.0500. The 10 year T-Note was up 0.0400 at 2.3200. The dollar was up 0.68 at 86.10. The PPT/Dow was 16974.31 down 31.44. Silver closed at 17.09 down 0.11. The GSR was 70.8953 down 0.4884 oz of silver per oz of gold. CIA's Facebook was 75.86 down 4.91 (6.08%). December wheat was up 7.50 at 538.250. December corn was up 10.75 at 375.25. December lean hogs were down 1.600 at 88.600. November feeder cattle were down 0.600 at 233.050. December copper was up 0.012 at 3.105. November natural gas was up 0.079 at 3.728. January coal was up 1.03 at 53.53.


Thank you for reading the Harvey Report!





There is much more on Harvey's blog: https://www.silverdoctors.com/harvey-organ-gold-silver-whacked-as-qe-ends/


Goooood day!


**************
Thu, Oct 30, 2014 - 9:47pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 30 Oct 2014

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





News and Commentary


Mark O'Byrne (GoldCore): As expected, the Fed announced yesterday it would end its six year money printing and bond buying programme. Given the fragile nature of the U.S. economy, Eurozone economy and indeed the global economy, Fed critics continue to believe that this may be a short term hiatus prior to a resumption of QE, if asset prices start to fall or economic growth falters. Former Federal Reserve Chairman Alan Greenspan admitted yesterday to the Council on Foreign Relations (CFR), that QE and the Fed’s bond buying program, which aimed to lower unemployment and spur stronger economic growth, fell short of its goals. It has been a busy week for the man once known as "Maestro”. The end of last week saw him engage in public discussions with the likes of Marc Faber and Peter Schiff at the New Orleans Investment Conference. Ominously, Greenspan warned at the New Orleans Investment Conference that the Fed’s balance sheet is a “pile of tinder” and gold is a “good place to put money these days” as it will rise “measurably” in the next 5 years. He told the CFR that the bond buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy. “Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” Greenspan said. Boosting asset prices, which aids the already wealthy, however, has been “a terrific success.” When asked about QE, Greenspan made the unusually frank admission that “the Fed’s balance sheet is a pile of tinder, but it hasn’t been lit … inflation will eventually have to rise.” Greenspan, who headed the Federal Reserve from 1987 to 2006 surprised guests in New Orleans when he stated bluntly, "I never said the central bank was Independent!" in response to criticism that the Fed was financing social programmes. This stunning admission, if true, begs the obvious question: to what extent are the current policies of the Fed and other central banks the result of careful reasoning by independent monetary experts and to what extent are they being dictated by politicians desperate for public popularity and reelection or worse still by unelected powerful banks and bankers? Greenspan said that currency debasement had failed to foster economic growth and unemployment had not been alleviated. However, at least asset prices had been boosted which he described as a "terrific success."





Hugo Salinas Price (Plata.com.mx): Something important has happened since August 15, this year. I have been following global central bank "international reserve assets" (excluding gold) as tallied by Bloomberg, for the past 18 years, and I have seen them increase steadily over the whole of that time. My source has been Doug Noland's "Credit Bubble Bulletin" at www.prudentbear.com. Now the quite extraordinary news is that International Reserve Assets are not just stalling, they are actually going into reverse. On January 3, 2014, the figure stood at $11.546 trillion dollars and grew to $12.024 trillion on August 15, 2104, a growth of $478 billion dollars. From that date to October 24, 2014, International Reserves contracted $172 billion dollars to $11.852 trillion dollars; a decline of 1.43% over a period of 11 weeks. Over the course of the last 18 years, there has never been a period during which International Monetary Reserves decreased.





Chris Powell (GATA): Former Federal Reserve official Andrew Huzsar tells King World News tonight that the markets are likely to start testing the Fed's commitment to end the bond monetization of "quantitative easing". "I see a tug of war between the Fed and the market," Huszar says, "because the Fed ultimately does want to disengage from being so active in key markets. Today the Fed used language that implied that they may raise interest rates sooner. I strongly believe that the market will effectively push back against the Fed and this will create bouts of enormous volatility."


Koos Jansen (Bullionstar Blogs): First things first, Chinese gold demand is still very strong and it’s in a uptrend since July. Apologies for my late reporting on the latest SGE withdrawals numbers – which are the best benchmark for Chinese gold demand. I was trying to figure out some details on gold trade rules between the mainland and the Shanghai Free Trade Zone. I still haven’t got confirmation, so will get back to it. Chinese wholesale gold demand is at least 1541 metric tonnes year to date (inc. week 42 – until October 17). Shanghai Gold Exchange (SGE) withdrawals, as disclosed by the Chinese SGE reports, were 52 tonnes in week 42 and according to my estimates China has approximately net imported 991 tonnes year to date. Do SGE withdrawals still equal Chinese wholesale gold demand? Not anymore, sadly. Since September 2013 I’ve reported every week on Chinese gold demand measured by withdrawals from the SGE vaults, as my research has pointed out this was the best benchmark to use. The game is changing, though, now the Shanghai International Gold Exchange (SGEI) has launched in the Shanghai Free Trade Zone (FTZ). In terms of trade the FTZ must be considered as a separate country from China mainland. The new subsidiary of the SGE has not completely opened up the Chinese gold market to the world, gold bullion is still prohibited to be exported from China. Technically speaking the SGEI serves two functions; it’s a satellite exchange for the rest of the world to trade gold in renminbi, additionally the SGEI can be used by Chinese banks, that have a PBOC gold import license, to buy gold and subsequently import the bullion into the mainland (click here for a comprehensive analysis of the SGEI). Since the launch of the SGEI, the withdrawal numbers from the SGE and SGEI are disclosed enumerated, which distorts our view on Chinese gold demand in the mainland. To be as conservative as possible on Chinese gold demand I applied the following math to SGE withdrawals numbers in the past weeks. I subtracted the weekly volume traded on the SGEI from withdrawal numbers just in case all buyers on the SGEI opted to withdrawal their gold from the vaults in the FTZ and re-exported it anywhere but the mainland.



Harvey: The crooked bankers continue with their criminal ways by whacking gold and silver on the week of options expiry. Why anyone would play the options market at the Comex is beyond me. The gold Comex today had a poor day, registering 0 notices served for nil oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 259.74 tonnes for a loss of 43 tonnes. In silver, the open interest continues to remain extremely high and today we are at multi year highs at 176,444 contracts. To boot, the December silver OI remains extremely high at 118,765. Today, we had another withdrawal in gold inventory of 1.20 tonnes at the GLD . Inventory rests tonight at 741.20 tonnes. SLV’s inventory remains unchanged and rests at 343.415 million oz. GOFO is in backwardation, but the rate trend is increasing.




Zero Hedge: When a financial crisis or economic recession hits, it’s almost never because of some event that apparently happened at the same time. The crisis of 2008 did not occur because of the collapse of Lehman Brothers. It happened because the whole financial system and greater economy were fragile following years of cheap credit at the hands of the Greenspan Fed. If anything, Lehman was a result of this and a great (if unfortunate) example of the type of bad business decisions firms are lured into by loose money. It wasn’t the cause of the troubles but a result of them. And if Lehman didn’t go under to spark the credit crunch, some other fragile financial institution would have. The Great Depression is a similar case in point. It wasn’t the stock market crash in 1929 that “created” the Great Depression. It was a decade of loose money policies by the Fed that created a shaky economy. Again, if anything the stock market crash was the result of stock prices being too buoyant and in need of a repricing to reflect economic fundamentals. Just like today, stocks rose to such storied heights as a result of cheap credit, not because of the seemingly “great” investments funded by it. The Fed has lowered interest rates since July 2006. We have just come off the the period with the most rapid and extreme increase in the money supply ever recorded in American history. The seeds of the next Austrian business cycle have been sown. In fact, they are probably especially fertile seeds when one considers that the monetary policy has been so loose by historical standards. Just as cheap credit of the 1920s beget the Great Depression, that of the 1990s beget the dot-com bust and that of the mid-2000s beget the crisis of 2008, this most recent period will also give birth to a financial crisis. When the next crisis comes there will no doubt be economists and commentators who blame it on some proximal event, like the failure of a large important financial institution. Don’t be fooled. The seeds of the next crisis are already sown. Fed policy under Ben Bernanke and Janet Yellen has distorted the economy in a way that makes it precariously fragile, and susceptible to collapse.



Tyler Durden: Lakeland surprised everyone, and especially those who are short the stock, when it released the following “Update on Business Activity Relating to Ebola Crisis” in which it announced that it has, by now, received a stunning 1 million Hazmat suit orders and rising exponentially. Through its direct sales force and numerous distribution partners throughout the world, Lakeland has secured new orders relating to the fight against the spread of Ebola. Orders have been received from government agencies around the world as well as other public and private sector customers. Certain of these contracts require weekly delivery guarantees or shipments through the first calendar quarter of 2015. The aggregate of orders won by Lakeland that are believed to have resulted from the Ebola crisis amount to approximately 1 million suits with additional orders for other products, such as hoods, foot coverings and gloves. Lakeland started shipping such orders only in October, which is the end of its fiscal 2015 third quarter reporting period. The main impact from Ebola-related orders received to date will not be realized until the Company’s fiscal 2015 fourth quarter ended January 31, 2015. Additionally: Monthly production capacity for sealed seam ChemMAX and MicroMAX protective suit lines has increased by nearly 50% from August 2014, prior to Ebola-related product demand, to October 2014, and is on track for a 100% increase from that level by January 2015, with the ability for additional increases as needed. Substantially all of the available production capacity in August 2014 had been allocated to purchases by the Company’s industrial customers (for non-Ebola related purposes). The Company will continue to service its industrial customers who are dependent upon Lakeland to conduct their work safely. The expanded capacity is necessary in order to meet obligations for both traditional customers as well as for protection against the spread of Ebola.



En.ria.ru: Australian officials adopted an anti-terror law Thursday prohibiting citizens from traveling to countries where terrorism is prevalent in order to join terrorist groups, the Australian reports. “The foreign fighters’ bill that has passed the parliament today will mean, first of all, that it is easier to secure convictions against Australians who have been fighting with terrorist groups overseas,” Australian Prime Minister Tony Abbott claimed, adding that this initiative will help in detecting those involved in terrorist activities. According to recent data, 70 Australian citizens are reported to have joined terrorist groups overseas. An additional 100 Australians are said to have supported and promoted terrorist activities, being responsible for recruitment of foreign fighters and providing financial assistance, according to AFP. Growing numbers of terrorism supporters has raised concerns among Australian officials, drawing their attention to the problem of returning fighters, considered a serious threat to national security. “The best way to deal with returning foreign fighters is to stop them leaving in the first place [...] and I’m able to inform the House that some 70 Australian passports have been cancelled to stop terrorists or potential terrorists from travelling,” said Mr. Abbot, stressing that about 20 foreign terrorist fighters have recently come back to their homeland. However, the anti-terror law has been criticized by a number of Australian political parties and legal associations. They claimed that the new bill would violate personal privacy and represent “the breach of faith with the Australian community,” the Australian reports. “Under the legislation, every single phone call, every single text message, email or online communication will available to be accessed by security agencies,” claimed a member of the Australian Lawyers Alliance. The law is also considered controversial as it does not deal with root causes of terrorism and is not aimed at the long-term elimination of radicalization.








This Will Not End Well (In The Short Term)





Jim Rickards (WJ): The Misery Index combines the true inflation rate with the true unemployment rate. Why don’t you hear about this in the mainstream news? It is because the Federal Reserve has repeatedly changed how the Misery Index is calculated. Rickards believes that the way the Misery Index is being calculated is being used to hide the true state of the economy. He said: “Today you rarely hear the government talk about the Misery Index with the public. The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that’s about to collapse.” Rickards specifically pinpointed how he thought the crash will come about: “I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming. Once it becomes clear that it’s not a flash crash – it’s a systemic meltdown in the economy itself, that’s when the gravity of the situation will sink in. And there will be no digging out from it. $100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this.” There you have it. A CIA economic expert reveals how he thinks a 25 year depression is about to hit America. Jim Rickards can’t be dismissed as a crackpot. So what do you think will happen to the country’s economic situation over the next 25 years?





Michael Snyder (End of the American Dream): We have just learned that the federal government has ordered 250,000 hazmat suits and is sending them to Dallas…A manager with a major shipping company has exclusively revealed to Infowars that the U.S. government has ordered 250,000 Hazmat suits to be sent to Dallas, the location of the first Ebola outbreak in the United States. The manager of the shipping company proved his credentials to Infowars by providing a photo ID and sending a verified email from the company account, but wishes to remain anonymous due to understandable fears that he could be fired for revealing the information. “I just learned we have been asked to ship 250,000 HAZMAT suits to Dallas, TX. for the US Government. Again this is happening today, we are pulling these suits for the US Government to Dallas, TX,” states the individual, who manages the drivers who work for the shipping company. Why in the world would the Obama administration buy so many hazmat suits if everything was under control? It doesn’t make sense. Is this Ebola outbreak much more of a potential threat than they are telling us? Insurance companies sure seem to think so. In fact, many of them are now specifically excluding Ebola from their policies…Remember the promise of universal health care with Obamacare, with no refusal for ‘pre-existing conditions’? It looks like your insurance company may not have to cover you if you get Ebola. U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers, and other businesses vulnerable to local disruptions. While it is estimated that expenditures to treat the original Dallas Ebola patient, Thomas Eric Duncan, were approximately $100,000 an hour (though he passed anyway), it looks like insurance companies won’t be footing the bill. President Obama originally refused to set up travel restrictions in and out of West Africa, too, even though the governments latest scare tactics and the CDC’s ineptitude have resulted in insurance companies creating new policies which exclude Ebola care. Renewals will also become costlier for companies opting to insure business travel to West Africa or to cover the risk of losses from quarantine shutdowns at home.





Scott Gottlieb (Forbes): Ebola quarantines will grow larger and more troubling. President Obama signed a patchwork of executive orders to give CDC clear quarantine authority in regards to some emerging respiratory pathogens like SARS and MERS. But the regulation interpreting the federal quarantine authority remained outdated. The Bush rule created a new concept called "provisional quarantine". This policy would have allowed the federal government to detain people for up to three days, with no method for appeal, if the Centers for Disease Control and Prevention believed that a person was exposed to or infected with certain illnesses. After three days, the government would have a burden to make a more substantial showing, and the individual would have the right to petition for release. While the term “provisional quarantine” was new, the underlying concept was not. In effect, this new construct actually had greater controls around it than the underlying authority that already exists, and is being vigorously exercised in Connecticut, New York, New Jersey, Illinois, and a growing list of other states. It’s easy to think through some of the key questions that should be answered in advance in state and federal regulations, but haven’t been. Under what conditions can people be held? What amenities do they need to have access to (phone, Internet, a shower)? What happens when someone is quarantined outside his or her state? The list can go on. Can people be quarantined alongside others suspected of having the same illness, and thus risk exposure to an infection that they might otherwise, not be harboring? Who gets to determine the diagnostic tests that can be used to vacate someone from quarantine, or the results that need to be achieved? These are just some of the obvious questions that come to mind. None of these questions have been sufficiently answered in law or regulation.





RIA Novosti: Russia has successfully test-fired a Bulava submarine-launched ballistic missile (SLBM) from the Borey-class Yury Dolgoruky nuclear-powered submarine, the Russian Defense Ministry said Wednesday. The missile was launched from the submerged submarine at a location in the Barents Sea and hit a designated target at the Kura test range on Russia’s Kamchatka peninsula, the ministry said in a statement. According to the statement, it was the first operational test launch of Bulava in line with the program of combat training. All previous launches were part of development testing. The three-stage Bulava SLBM carries up to 10 independent warheads and has a range of 8,000 kilometers (5,000 miles). Earlier in October, a source in the Russian military-industrial complex said there would be two Bulava launches by the end of 2014, one from the the Alexander Nevsky nuclear submarine in November, and one - from Yury Dolgoruky in October. In September, a Bulava missile was successfully test-fired from the Borey-class Vladimir Monomakh nuclear-powered submarine. Bulava testing has encountered several failures in the past. In September 2013, during trials of the Aleksander Nevsky nuclear submarine a Bulava rocket malfunctioned. Following this incident, five additional Bulava launches were ordered. Despite the test failures, the Russian military insisted there was no alternative to the Bulava as the main armament for Russia’s new Borey-class strategic missile submarines that are expected to become the backbone of the Russian Navy’s strategic nuclear deterrent force. DS: Rick Wiles thinks the Russians will launch missiles against our cities from both coasts, and he thinks Putin has already decided to do it. It's just a matter of when.



Q (B4IN): Nurse Kaci Hickox, who has made headlines over the last few days by refusing to quarantine herself after returning from the Ebola front lines in Africa, turns out to have been trained as an “intelligence officer” under a two-year CDC program modeled after the U.S. military. Hickox graduated from a two-year CDC intelligence officer training program in 2012. This is the same nurse whose LinkedIn page was recently scrubbed to hide her ties to the CDC, an agency that stands to benefit tremendously in both political power and budgets if an Ebola outbreak sweeps across America. The official intelligence designation granted to Nurse Hickox by the CDC was “Epidemic Intelligence Service Officer,” and she is a graduate of the 2012 EIS program according to a CDC document.



Steve Quayle: We are seeing the lows in the precious metals building for explosive move up. What better way to achieve a real rate of return than buying gold and silver at their multi year lows? Silver was 3 times higher than today's price and gold was 60% higher than today’s price of a couple years ago. The potential to make huge gains is now in play. The global financial system based on the US dollar is coming apart at the seams. Savings accounts are dismal and of no real consequence at sub 1%. As with all the forces now coming at us, you won’t be able to trade stock certificates or any paper investment assets for your day to day needs. Even should silver go 1.00 lower and gold go down $20-30.00 you never go wrong buying at a market low. Wait until Russia and China call the U.S. dollar’s bluff!



Most people in the English-speaking parts of the world missed Putin's speech at the Valdai conference in Sochi a few days ago, and, chances are, those of you who have heard of the speech didn't get a chance to read it, and missed its importance. Western media did their best to ignore it or to twist its meaning. Regardless of what you think or don't think of Putin (like the sun and the moon, he does not exist for you to cultivate an opinion) this is probably the most important political speech since Churchill's “Iron Curtain” speech of March 5, 1946. In this speech, Putin abruptly changed the rules of the game. Previously, the game of international politics was played as follows: politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics; in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out. Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders. The Russian blogger chipstone summarized the most salient points from Putin speech as follows: 1. Russia will no longer play games and engage in back-room negotiations over trifles. But Russia is prepared for serious conversations and agreements, if these are conducive to collective security, are based on fairness and take into account the interests of each side. 2. All systems of global collective security now lie in ruins. There are no longer any international security guarantees at all. And the entity that destroyed them has a name: The United States of America. 3. The builders of the New World Order have failed, having built a sand castle. Whether or not a new world order of any sort is to be built is not just Russia's decision, but it is a decision that will not be made without Russia. DS: There were seven more points to his speech. Read more: https://www.blacklistednews.com/Putin_To_Western_Elites%3A_Play-Time_Is_...


Ps 18:2 The Lord is my rock and my fortress and my deliverer, my God, my rock, in whom I take refuge, my shield, and the horn of my salvation, my stronghold.




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





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





Quote:


Gold: $1198.10 down $26.20
Silver: $16.39 down 83 cents

In the access market 5:15 pm:

Gold $1199.00
silver $16.46







Wednesday, Oct 29th Gold and Silver Action (basis 1:30 PM EST)

https://www.silverdoctors.com/harvey-organ-huge-raid-on-gold-silver/#mor...










Total, Oct (Gold), Nov (Silver), Dec (Gold, Silver) Open Interest





In silver:


Quote:

The fun begins with the silver Comex results. The total OI rises to a multi year record of 176,444, a rise of 2711 contracts from yesterday with silver up a tiny 4 cents. The next non active silver contract month is November and here the OI rose by 384 contracts up to 591. The big December active contract month saw it’s OI surprisingly rose by 1134 contracts up to 118,765.



In Gold:


Quote:

The total gold Comex open interest rose by a large margin of 5045 contracts from 414,410 up to 419,455 with gold down $04.90 yesterday. Not too many longs left the arena. We are now in the active delivery month of October and generally this is a very poor month for deliveries. The October contract month is now off the board. The next delivery month is November and here the OI actually rose by 53 contracts. The big December contract month saw it’s Oi rise by 3367 contracts up to 275,404.



Volume


In Silver:


Quote:

The estimated volume today was humongous at 82,846. The confirmed volume yesterday was fair at 36,833. We also had 0 notices filed so again all figures for the silver Comex are final for tonight.

Final standings: 774 notices x 5000 oz = 3,870,000 oz

Mark Lundeen on the huge OI in silver and what it means: “With silver’s OI representing something like 868 million ounces of silver, today’s $0.80 (4%) decline cost the longs $694 million dollars. It will be real interesting to see today’s open interest figures. If OI doesn’t decline by much, or if it actually increased after today’s drubbing, the longs must be holding on to demand for delivery as they don’t seem to care much for their dollars. If that is the case, we could see a panic in the silver market before the year is out. What’s next? Is the Comex going to change some long standing rule to protect the big shorts?”

We may be watching history here! As I have pointed out to you, 868 million oz is represents 124% of total annual global silver production (ex China).



In gold:


Quote:

The estimated volume today was good at 203,047 with the help from Bart’s high frequency boys. The confirmed volume yesterday was weak at 140,857. We had 0 notices filed so all results tonight are final standings for gold. Final standing: 1268 notices x 100 oz = 126,800 oz or 3.94 tonnes.



Inventory Numbers


In Silver Inventory:


Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz.

We had 0 dealer withdrawals:
Total dealer withdrawal: nil oz.

We had 1 customer withdrawal:
i) Out of Delaware: 7060.8 oz
Total customer withdrawal 7060.8 oz.

We had 0 customer deposits:
Total customer deposits: nil oz.

We had 1 adjustment:
i) Out of Delaware: 336,925.049 oz was adjusted out of the dealer and back into the customer account of Delaware
Total dealer inventory: 66.185 million oz
Total of all silver inventory (dealer and customer) 180.924 million oz.
Total number of notices filed for the month: 774



In Gold Inventory:


Quote:

Today, we had 0 dealer transactions.
Total dealer withdrawal: nil oz.
Total dealer deposit: nil oz.

We had 2 customer withdrawals:
i) Out of Manfra; 32.15 oz (one kilobar)
ii) Out of JPMorgan: 96,450.000 oz (300 kilobars).
Total customer withdrawals :96,482.15 oz.

We had 0 customer deposits:
Total customer deposit: zero oz.
We had 1 adjustment:
i) out of Scotia. We had 102.95 oz removed from the customer, and this landed into the dealer account at Scotia.
Total Dealer inventory: 890,231.648 oz or 27.68 tonnes.
Total gold inventory (dealer and customer) = 8.135 million oz. (259.74) tonnes)

Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 43 tonnes have been transferred out. We will be watching this closely!



Delivery Notices


In silver:


Quote:

Today 0 silver delivery notices were issued.



In gold:


Quote:

Today, 0 notices was 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 44 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices stopped by JPMorgan customer account.



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: https://www.investmenttools.com/futures/metals/Base_Metals_Inventory_Lon...


In silver:


Quote:

Thus Oct. final standings for silver: 774 notices x 5,000 oz per notice or 3,870,000 oz + (0) – (0) x 5,000 oz = 3,870,000 oz,.
We thus we have the same silver standing in the October contract month as yesterday.
This does complete the October silver month and a rather large 3.87 million oz stood for delivery.
It looks like China is still in a holding pattern ready to pounce when needed.



In gold:


Quote:

Thus the final standings:

The total number of gold oz standing tonight for the October contract month is 1268 x 100 oz = 126,800 oz or 3.94 tonnes.

October final standings:
1268 contracts x 100 oz = 126,800 oz or 3.934 tonnes.



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


Select Commodity Prices


The Bloomberg Baltic Dry Index (BDI) was 1,428.00, up 2.37%. WTI December crude was 81.12 down 0.86. Brent crude was 86.03 down 1.09. The spread between Brent and WTI was 4.91 down 0.23. The 30 year US Treasury bond was down 0.0100 at 3.0400. The 10 year T-Note was down 0.0100 at 2.3100. The dollar was up 0.03 at 86.13. The PPT/Dow was 17195.42 up 221.11. Silver closed at 16.46 down 0.63. The GSR was 72.8311 up 1.9358 oz of silver per oz of gold. CIA's Facebook was 74.11 down 1.75 (2.31%). December wheat was down 2.25 at 536.000. December corn was down 1.25 at 374.00. December lean hogs were down 1.400 at 87.200. November feeder cattle were up 1.175 at 234.225. December copper was down 0.043 at 3.063. November natural gas was up 0.000 at 3.728. January coal was up 0.19 at 53.72.


Thank you for reading the Harvey Report!





There is much more on Harvey's blog https://www.silverdoctors.com/harvey-organ-huge-raid-on-gold-silver/#mor....


Goooood day!


**************
Fri, Oct 31, 2014 - 3:17pm
Scramble
Offline
Joined: Oct 2, 2014
50
75

Anticipation

It will be very interesting to see if the December Silver OI numbers hold up today and Monday in the face of what silver prices did yesterday and today. If this smash doesn't push out the longs, does that mean they are not going to budge? If OI holds up, does this significantly increase the probability that Harvey's prognostications about a December Comex default (or rule change) are correct?

Sun, Nov 2, 2014 - 7:19pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

RE: Will the Longs Budge?

Thanks for the question, Scramble. Since we are not dealing with market forces, but with a nefarious plan, one can only guess at what the elites will do. They have often surprised me at the new rabbits they pulled out of the hat. Who would have guessed that they would settle Comex contracts in fiat and not gold and silver, but they did! That essentially was a default, but they control the market and the regulators, so everything just continued to hum along. Things could well be different this time, since the end game is in playas Jim Willie said in an interview this weekend. The elites have purposely strangled Europe to pump up the dollar. One sign of the end is the dollar strengthens and then cliff dives. We have seen the "dollar strengthen" part, but when is the cliff dive? The Chinese standing for delivery in December could be what precipitates a dollar devaluation in January. Of course, the G20 meeting 20 November could do the same thing if the G20 goes off the dollar, or the G20 could just take action could that will set up the Comex default in December. I think something significant will happen before the end of the year. It appears there will be a big Democrat defeat at the polls Tuesday, but it will only happen because the elites want to get rid of O. He is sucked dry and probably will be cast aside https://www.godlikeproductions.com/forum1/message2615802/pg1. I think O tried to preempt his impeachment by attempting an EMP back in October of 2013, but it was thwarted. So, with all these machinations underway with wheels within wheels, exactly what they will do will only be clear after they have done it , but you can be pretty certain that at some point in the future Comex will cease to trade, the dollar will crash, and PMs will have more value. When? When the elites decide to pull the plug, and my gut feel is they will pull the plug on the Comex in the not too distant the future. I wouldn't be surprised if Harvey was pretty close to right.

DayStar

Sun, Nov 2, 2014 - 7:27pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 2 Nov 2014

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





News and Commentary

Mark O'Byrne (GoldCore): Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying. The BOJ decided to increase the pace at which it expands base money to a whopping 80 trillion yen ($726 billion) per year. Previously, the BOJ targeted an annual increase of 60 to 70 trillion yen. The BOJ sailed into deeper uncharted monetary territory with the announcement that they would triple annual purchases of exchange-traded funds (ETFs) and Japanese real-estate investment trusts (REITS) to 3 trillion yen and 90 billion yen respectively. The Nikkei surged 5% in minutes to a seven year high after the Bank of Japan decision, while gold fell. These unprecedented monetary events remind us of the old English mapmakers who used to write on uncharted territories on their maps - “Here be Dragons”. The BOJ claimed the surprise action was due to concerns that a decline in oil prices would weigh on consumer prices and delay a shift in sentiment away from deflation. BOJ Governor Haruhiko Kuroda portrayed the decision as a preemptive strike to the ‘lost decade’ economy, rather than an admission that his plan to reflate the long moribund economy has so far failed. The prime reason for the extraordinary monetary policies is likely that the Japanese economy remains very weak and risks tipping over into a depression. Bankruptcies more than doubled to 214 in the first nine months of 2014 compared with the same period a year ago. Japan has introduced quantitative easing to stimulate the economy and to spur inflation. But it may backfire and lead to stagflation and in a worst case scenario a German ‘Weimar’ style hyperinflation. The yen's real effective exchange rate has dropped to its lowest level since 1982. With Japan easing likely to deepen, the yen may fall to an unprecedented level. Though the fall of the yen may promote exports - energy, food and raw material costs will rise, especially imports.



SilverDoctors: 1. With gold’s triple bottom at $1280 breached and silver plunging below its uptrend channel from the 2nd phase of its secular bull market- next major support levels are $1,000 in gold and $9 in silver! Is an EPIC PLUNGE dead ahead for the metals? 2. Blood is pouring in the streets! How much longer can the pain last? 3. Physical silver demand EXPLODES- premiums spiking as shortages develop. 4. US Mint October Silver Eagle sales near 6 million oz- all time yearly sales record looks set to fall 5. While QE “ends” in the US, Japan goes QEInfinityer, ramps QE to JPY 80 Trillion




Chris Powell (GATA): Today's attack on gold, London trader Andrew Maguire says, began at 7 a.m. London time with a single seller dumping as much as 50 tonnes of paper gold in several minutes to run the stops in the futures market, almost certainly a central bank intervention, likely by the Bank for International Settlements.




Koos Jansen (BullionStar): Regular readers know I’m one of the few that reports on the pure price of silver in China being cheaper than in London, because all Chinese commodity exchanges quote silver including 17 % VAT. If we subtract 17 % from the quoted prices, the pure price of silver in China is currently trading at a 4 % discount to London, not at a premium like Bloomberg states. By the way, silver is still trading in backwardation on the Shanghai Futures Exchange (SHFE), since August 6. This has caused the discount to decline to 4 %. The domestic price of silver in China is cheaper than the London price. To arbitrage this price difference, the exporter buys silver ingots, for example, on the SHFE and is required to pay the pure price plus 17 % VAT. He sells the silver as silver acoustic wire and gets a rebate on the 17% VAT tax he paid, because he converted the silver to an exportable product. The rebate reduces the exporter's cost to the domestic price for silver, and he profits from the arbitrage of about 4%. This scheme could perfectly cause high demand for silver in Shanghai and the concurrent backwardation on the SHFE.


Henry Bonner (Sprott's Thoughts): Greenspan claims he has always remained true to Austrian economics and the principle of sound money. He fell into his role as Fed Chairman purely by accident, he claimed, and what he did there, he did it because he had to. He explained that the capital needs of the Federal government were so massive that the only way to prevent disaster for the rest of the economy was to keep feeding the beast with cheap money. If the Fed hadn’t created and circulated new money, the Treasury’s insatiable demand for capital would certainly have ‘crowded out’ the rest of the economy, wrecking the entire private credit system. Political realities, he explained, in the form of entitlement spending and off-balance sheet obligations of the US government, trump the need for sound money every time. It wasn’t his fault – that’s just how the system works. It’s set up to redistribute income from savers, who lose income because of low interest rates, to spenders. The truth is, the Fed is merely adjusting supply to meet demand. That’s what he meant when he said that the Fed had to increase the supply of debt to avoid the private sector being ‘crowded out’ of the market. Its mission isn’t to keep the currency stable, it’s to help fund the spending of the US government, and to defend the banking system. This suggests that as long the US government resort to high levels of debt, the Fed isn’t likely to decrease the supply of money. Greenspan might have an inkling of something he’s not telling. Here’s what the former Fed Chairman had to say about the direction of gold and interest rates: “Gold – measurably higher. Interest rates – measurably higher.” The Fed isn’t just dangerous because it serves the banking system; it also has another fatal flaw – hubris. Now the Fed has a new set of number crunchers, and a new, activist, leader. The Fed’s going full throttle, pushing ahead with low interest rates and easy money. It also has a brand new set of mathematical models. Are they now more humble about their ability to predict the future? Are they looking for the market to tell them what’s working, or are they favoring the theory? In the years since the stimulus has been launched, spending has been muted while housing, stocks, and bonds have increased in value. Average incomes are stagnant or lower. Nearly all economic gains have been accrued to ‘rich people’ in the form of asset inflation.



Chris Powell (GATA): One "quantitative easing" program ends and another one begins [ DS: Japan upped their money printing ante today from 70 billion to a whopping 80 billion yen per year. The BOJ announced they would triple annual purchases of exchange-traded funds (ETFs) and Japanese real-estate investment trusts (REITS) to 3 trillion yen and 90 billion yen respectively.] and still the monetary metals go down, Sprott Asset Management's Eric Sprott remarked in wonder today. He worries that the world economy is getting so weak that governments may close all markets before long. DS: Sprott can't see anything in the PM bullion markets that is anything but positive for stackers.




Harvey: The gold Comex today had a poor day, registering 0 notices served for nil oz
A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 261.94 tonnes for a loss of 41 tonnes. In silver, the open interest continues to remain extremely high and today we are at multi year highs at 179,608 contracts. To boot, the December silver OI remains extremely high at 123,353. Today, we had no change in gold Inventory at the GLD/ inventory rests tonight at 741.20 tonnes. SLV’s inventory remains unchanged and rests at 343.415 million oz. DS: GOFO was in backwardation and we had a huge raid. If GOFO was honestly reported, gold prices should have risen, but they plummeted. They are making GOFO say the exact opposite of what it should say.



Greg Hunter (USAWatchdog.com): The Federal Reserve supposedly ended its QE program this week. That is where they printed money to buy bonds to hold interest rates down. So, what’s going to hold interest rates down now? Are they just going to put all this Federal debt out for bids and let the market set the interest rates? Can the Federal government, home buyers, car buyers, credit card holders and the overall economy afford higher rates? You’ve got to be kidding. Gregory Mannarino of TradersChoice.net says the Fed can’t just say it wants low interest rates. It has to do something to keep them low. Mannarino thinks the Fed is now going to force the big banks that got all this QE to buy Treasury and other government debt. Mannarino told me that he thinks the Fed is going to continue to print money to finance another form of QE. He says the money printing has not ended and will never end. The Fed is just going to call it something else. The Fed also says the economy and employment have improved, and the third quarter had a 3.5% growth rate. John Williams of ShadowStats.com says the 3.5% growth rate is “Happy election eve numbers” and says it was boosted by “guessed at trade numbers and defense spending.” Williams says look for a downside revision. If the economy was really that good, would we have nearly 93 million people not in the workforce? There are 46 million people on food stamps, and half of Americans make less than $28,000 a year. Would mortgage applications be hitting 19 year lows? Would former Fed Head Alan Greenspan be warning about “turmoil” in the economy because of ending QE? Oh, and “Maestro” Greenspan is also telling people to buy gold? Let that sink in, Greenspan is telling people to buy gold!!



Charlie Hennemann (via CFA Institute blog): Of all the noteworthy moments from the 2014 CFA Institute Fixed-Income Management Conference, the bombshell may have been the default call from Martin S. Fridson, CFA. Fridson, CIO at Lehmann Livian Fridson Advisors, has been a leading figure in the high-yield bond market since it was known as the “junk bond” market — and he sees as much as $1.6 trillion in high-yield defaults coming in a surge he expects to begin soon. “And this is not based on an apocalyptic forecast,” he assured the audience. High-yield bonds, typically issued with credit ratings at the bottom of the scale, tend to suffer default surges during troughs in the credit cycle. The first high-yield default surge occurred from 1989 to 1992, and encompassed the collapse of Drexel Burnham Lambert. The second surge ran from 1999 to 2003, following the bursting of the dot-com bubble, and the third happened in the midst of the global financial crisis, from 2008 to 2009. Fridson suggests the next default surge will be larger than the last three combined. One key assumption behind Fridson’s forecast is that the Fed ends its program of quantitative easing (QE) and allows interest rates to rise. QE may have ended, but Fed guidance calls for interest rates to remain low for a “considerable time.” Fridson was asked about QE and the persistence of low rates during Q&A after his presentation, and the answer left the audience murmuring. “If we’re in this Fed rescue mode [in 2016–2019], then I think we’re in a lot of trouble. Very serious trouble.” Of more immediate concern to Travers was the impact of retail fund flows on the leveraged loan market, which had seen 14 consecutive weeks of negative flows at the time of the conference after a long period of inflows. A fairly recent phenomenon in the leveraged-credit market, these retail flows from large loan managers — forced to buy and sell large blocks of loans to put cash to work or meet fund redemptions — contribute to volatility. DS: And news like this causes a gold and silver bullion market crash? Hardly.





David Stockman (Contra Corner Blog): This is just plain sick. Hardly a day after the greatest central bank fraudster of all time, Maestro Greenspan, confessed that QE has not helped the main street economy and jobs, the lunatics at the BOJ flat-out jumped the monetary shark. Even then, the madman Kuroda pulled off his incendiary maneuver by a bare 5-4 vote. Apparently the dissenters - Messrs. Morimoto, Ishida, Sato and Kiuchi - are only semi-mad. Never mind that the BOJ will now escalate its bond purchase rate to $750 billion per year - a figure so astonishingly large that it would amount to nearly $3 trillion per year if applied to a US scale GDP. And that comes on top of a central bank balance sheet which had previously exploded to nearly 50% of Japan’s national income or more than double the already mind-boggling US ratio of 25%. In fact, this was just the beginning of a Ponzi scheme so vast that in a matter of seconds its ignited the Japanese stock averages by 5%. And here’s the reason: Japan Inc. is fixing to inject a massive bid into the stock market based on a monumental emission of central bank credit created out of thin air. So doing, it has generated the greatest front-running frenzy ever recorded. The scheme is so insane that the surge of markets around the world in response to the BOJ’s announcement is proof positive that the mother of all central bank bubbles now envelopes the entire globe. Specifically, in order to go on a stock buying spree, Japan’s state pension fund (the GPIF) intends to dump massive amounts of Japanese government bonds (JCB’s). This will enable it to reduce its government bond holding - built up over decades - from about 60% to only 35% of its portfolio. Needless to say, in an even quasi-honest capital market, the GPIF’s announced plan would unleash a relentless wave of selling and price decline. Yet, instead, the Japanese bond market soared on this dumping announcement because the JCBs are intended to tumble right into the maws of the BOJ’s endless bid. Charles Ponzi would have been truly envious!






Gold Silver Worlds: It turns out that silver nanoparticles are not as solid as initially thought, making their use in electronic components and circuits a bit challenging as gadgets become increasingly smaller. Fortunately, there is a solution. Because of its superb electrical conductivity and high melting temperature, silver is used in many aspects of electronic design. Recently, however, scientists have discovered that as the particles become microscopically smaller – in the 10 nanometer range – their outside layer mimics water droplets, wobbling and changing shape, while the inside stays stable. This can be problematic for their use in electrical contacts at the molecular level (10 nanometers is one-thousandth of the width of a human hair) as the silver could leak and cause short circuits. This could be especially challenging in devices that move around a lot or rely on movement like tiny motors or sensors in mobile applications. Scientists had theorized that this surface movement was happening but this is the first time it has been confirmed. Now that this movement has been observed and understood, the solution to allowing nanoparticles to retain their shapes turns out to be rather simple. When a thin layer of oxide is applied, the liquid-like movement is almost completely eliminated and the nanoparticle remains stable, ensuring that silver will remain a solid choice for nanotechnology applications.




This Will Not End Well (In The Short Term)

MIT Technology Review: DeepMind has built a neural network that can access an external memory like a conventional Turing machine. The result is a computer that mimics the short-term memory of the human brain. DeepMind's new computer is a type of neural network that has been adapted to work with an external memory. The result is a computer that learns as it stores memories and can later retrieve them to perform logical tasks beyond those it has been trained to do. The conclusion of George Miller’s striking experiment in 1951 was that the capacity of short-term memory cannot be defined by the amount of information it contains. Instead Miller concluded that the working memory stores information in the form of “chunks” and that it could hold approximately seven of them. That raises the curious question: what is a chunk? In Miller’s experiments, a chunk could be a single digit such as a 4, a single letter such as a q, a single word or a small group of words that together have some specific meaning. So each chunk can represent anything from a very small amount of information to a hugely complex idea that is equivalent to large amounts of information. The ability to understand the components of a sentence and store them in the working memory is called variable binding. This is the ability to take a piece of data and assign it to a slot in the memory and to do this repeatedly with data of different length, like chunks. It is this task that DeepMind’s work addresses, despite the very limited performance of earlier machines. “Our architecture draws on and potentiates this work,” say Alex Graves, Greg Wayne, and Ivo Danihelka at DeepMind, which is based in London. They begin by redefining the nature of a neural network. Classical neural networks adapt synaptic weights between neurons to learn to recognize input patterns. But Turing computers require external memory. This kind of readable and writable memory is absent in a conventional neural network. So Graves and co have simply added one. This allows the neural network to store variables in its memory and come back to them later to use in a calculation. The Neural Turing Machine learns like a conventional neural network using the inputs it receives from the external world but it also learns how to store this information and when to retrieve it. Their machine can do very much better than ordinary neural networks. An interesting question that follows from Miller’s early work is this: if our working memory is only capable of handling seven chunks, how do we make sense of complex arguments in books, for example, that consists of thousands or tens of thousands of chunks? Recoding is like using pronouns for previously encountered chunks. To Miller, the brain’s ability to recode in this way was one of the keys to artificial intelligence. He believed that until a computer could reproduce this ability, it could never match the performance of the human brain. Google’s DeepMind has stated that its goal is “solving intelligence.” If this solution is anything like human intelligence, a good test would be to see whether Neural Turing Machines are capable of Miller’s recoding trick. "Do no harm" Google bought DeepMind for $400 million earlier this year.




PoliceStateUSA: Armed guards enforced a city-wide quanantine of Muncie, Indiana in 1893. Health officials were authorized to break down doors to ensure compliance with the massive quarantine. In 1893, an outbreak of smallpox caused public health officials to take drastic, draconian measures to prevent the spread of disease. The unpopular, violent quarantine that followed provides a memorable case study of the failings of forcible mandatory quarantine of a city. While Dr. Jackson approved of forcible home entry, he later observed that the compulsory hospitalization ordinance he oversaw “was found impossible to enforce without absolute loss of life by violence.” As many as 150 guards were employed at the height of the Muncie quarantine. The state quarantine order was finally lifted on November 4th, and one of the two Muncie smallpox hospitals was closed. For the first time in 9 weeks, churches were allowed to hold services and schools reopened their doors. As of December 1893, there had been 150 cases of smallpox reported in Muncie, and 22 deaths, according to Dr. Jackson’s report. The compulsory vaccination order affected 10,00-13,000 people. Both Dr. Jackson and County Health Officer Dr. Hugh Cowing concluded that “house quarantine was an utter failure.” https://www.policestateusa.com/2014/muncie-indiana-smallpox-quarantine/





TechDirt: In September, both Apple and Google announced plans to encrypt information on iOS and Android devices by default. Almost immediately, there was a collective freakout by law enforcement types. But, try as they might, these law enforcement folks couldn't paint any realistic scenario of where this would be a serious problem. Sure, they conjured up scenarios, but upon inspection they pretty much all fell apart. Instead, what was clear was that encryption could protect users from people copying information off of phones without permission, and, in fact, the FBI itself recommends you encrypt the data on your phone. But it didn't stop FBI director James Comey from ignoring the advice of his own agency and pushing for a new law that would create back doors (he called them front doors, but when asked to explain the difference, he admitted that he wasn't "smart enough" to understand the distinction) in such encryption. So, now, of course, the FBI/DOJ gets to go up to Congress and tell them scary stories about just how necessary breaking encryption would be. And it's being done in total secrecy, because if it was done in public, experts might debunk the claims, like they've done with basically all of the scenarios provided in public to date. FBI and Justice Department officials met with House staffers this week for a classified briefing on how encryption is hurting police investigations, according to staffers familiar with the meeting. The briefing included Democratic and Republican aides for the House Judiciary and Intelligence Committees, the staffers said. The meeting was held in a classified room, and aides are forbidden from revealing what was discussed. It's almost guaranteed that someone will introduce some legislation, written primarily by the FBI, pushing for this (such a bill is almost certainly already sitting in some DOJ bureaucrat's desk drawer, so they just need to dot some i's, cross some t's and come up with a silly acronym name for the bill). So far, many in Congress have been outspoken against such a law, but never underestimate the ability fo the FBI to mislead Congress with some FUD, leading to all sorts of scare stories about how we need this or we're all going to die.



Josey Wales (B4IN): Misty Holt-Singh was taken hostage by robbers at Bank of the West in Stockton, California, in front of her 12 year old daughter who was waiting for her in the car. Holt-Singh was taken hostage by robbers at Bank of the West in Stockton, California, in front of her 12 year old daughter who was waiting for her in the car. Holt-Singh was in the vehicle as the three suspects lead police on a high speed chase which lasted for nearly an hour. The suspects reportedly fired over 100 rounds at officers during the 55 mile incident. Two other women were taken hostage as well, but were either thrown or jumped from the vehicle as it was speeding from police, both survived. The beloved wife and mother was ultimately shot at least 10 times- not by the suspects, but by the police- 33 of them, who fired 600 rounds into the vehicle despite knowledge that it contained a hostage. Holt-Singh as well as two of the three suspects were killed in the barrage of bullets. The family attorney Greg Bentley said in a statement on Thursday that protocol calls for discriminate gunfire and described the 600 bullets shot into the suspects’ vehicle as excessive and unreasonable force. The family attorney Greg Bentley said in a statement on Thursday that protocol calls for discriminate gunfire and described the 600 bullets shot into the suspects’ vehicle as excessive and unreasonable force.


DayStar: I checked with my local bullion dealer this weekend, and they had only about $750 of 90% silver US dimes and quarters. They had maybe $1000 dollars worth of generic rounds and they had some silver eagles, but they wanted a $6 premium for their eagles. On the good side, they were selling the 90% silver they had left at 13 times face. They were pretty much cleaned out by people buying on the dip.




John Little (OmegaShock.com): Halloween is the most important night on the Satanic calendar. Thousands of men, women and children were murdered on Halloween, and the vile Luciferians will have made progress in their attempt to defile God’s creation. Of course, the Luciferians have been doing this for thousands of years, so you might wonder why we should be making a fuss over all this. Well, the problem is that these Satanists are being given help by those who claim to be followers of Jesus Christ. Just as we look for the Second Coming of Jesus Christ, the Luciferians are looking for the coming of their Antichrist. And, we’re helping them. Tonight, thousands of little boys and girls will be raped, tortured and then ritually murdered in a sacrifice to Satan, and we do worse than nothing to stop it. Why worse-than-nothing? Because we participate. We, as God’s people, lend our agreement to their activities by taking upon ourselves the symbols of their work. By carving pumpkins and setting them outside our houses, we proclaim our worship of Satan. By dressing up our kids in costumes and sending them out to go trick-or-treat, we proclaim that we too participate in their demonic rituals. By decorating our houses and churches we proclaim that we too are devotees of Lucifer. Now, you may say that they are just innocent activities that have no meaning, but that’s not what God says. When you read the Old Testament, you’ll find that rituals DO have meaning – and power. Do you think that the Satanists are wasting their time, with their rituals? Of course not. You can say a lot about Satan, but one thing that he doesn’t do is waste time. Did you know that the children of Israel were forbidden to even SAY the name of other gods? You can find this command of God, here: And in all things that I have said unto you be circumspect: and make no mention of the name of other gods, neither let it be heard out of thy mouth – Exodus 23:13. Now, you might say that we are no longer bound by that command, and I would agree. But, we are still bound by the purpose that lies behind it: We are NOT to lend any support – whatsoever – to the worship of demonic powers. I really hope that you understand that, because when we share in demonic rituals we lend our agreement to what they are doing. At the very least, we are breaking down the barriers to the spiritual powers that wish to take over the world. Why do you think that Jesus called us the ‘Salt of the Earth’ in Matthew 5:13? Because it is the presence of the righteous and holy followers of God that preserve a land, a people and a nation. And, when that ‘salt of the earth’ loses it’s ‘savor’ - it’s righteousness – the land, people and nation are no longer protected. We are the preservation of the communities in which we live. It is through us that the Holy Spirit is manifested in the world. Yet, we have quenched the Holy Spirit and opened the door to the evil spirits that are flooding the world. But, I also think that there’s something else that’s worse. By participating in the obvious evil of Halloween, we are perilously close to trampling on the blood of Christ. If nothing else, we open the door for that in the hearts of others. And THAT is a terrible thing.





Psalms 25:14-15 The friendship of the Lord is for those who fear him, and he makes known to them his covenant. My eyes are ever toward the Lord, for he will pluck my feet out of the net.




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





Harvey's comments on Friday price action (basis 1:30 PM EST)





Quote:


Gold: $1171.10 down $27.00
Silver: $16.07 down 31 cents

In the access market 5:15 pm:

Gold $1173.00
Silver $16.15







Thursday, Oct 30th Gold and Silver Action (basis 1:30 PM EST)

https://www.silverdoctors.com/harvey-organ-manipulators-go-all-in-with-e...










Total, Oct (Gold), Nov (Silver), Dec (Gold, Silver) Open Interest





In silver:


Quote:

The fun begins with the silver Comex results. The total OI rises to a new multi year record of 179,608 a rise of 3,164 contracts from yesterday with silver down a whopping 83 cents.In ounces, this represents a total of 898 million oz or 128% of annual global supply. The next non active silver contract month is November and here the OI fell by 355 contracts down to 164. The big December active contract month saw it’s OI surprisingly rise by 4588 contracts up to 123,353. In ounces this is represented by 616 million oz or 88.1% of annual global production (production = 700 million oz – China).



In Gold:


Quote:

The total gold Comex open interest fell by a narrow margin of 1196 contracts from 419,455 down to 418,259 with gold down $26.90 yesterday. Not too many longs left the arena despite the huge whack in gold yesterday. The October contract month is now off the board. The next delivery month is November and here the OI actually fell by 207 contracts. The big December contract month saw it’s Oi fall by 2-56 contracts down to 273,348.



Volume


In Silver:


Quote:

The estimated volume today was humongous at 80,317. The confirmed volume yesterday was also huge at 93,369. We also had 44 notices filed on first day notice for 220,000 oz.



In gold:


Quote:

The estimated volume today was very good at 297,270 with the help from Bart’s high frequency boys. The confirmed volume yesterday was also good at 226,686. Strangely on first day notice, we had only 2 notices filed for 200 oz.



Inventory Numbers


In Silver Inventory:


Quote:

Today, we had 0 deposits entered into the dealer account:
Total dealer deposit: nil oz.

We had 0 dealer withdrawal:
Total dealer withdrawal: nil oz.

We had 3 customer withdrawals:
i) Out of Delaware: 1006.80 oz
ii) Out of CNT: 90,994.57 oz
iii) Out of Scotia; 301,943.244.
Total customer withdrawal 419,317.29 oz.

We had 0 customer deposits:
Total customer deposits: nil oz.
We had 0 adjustments:

Total dealer inventory: 66.185 million oz.
Total of all silver inventory (dealer and customer) 180.805 million oz.



In Gold Inventory:


Quote:

Today, we had 1 dealer transaction.
We had one dealer withdrawal out of Brinks: 3,547.67 oz.
Total dealer withdrawal: 3,547.67 oz.
Total dealer deposit: nil oz.

We had 1 customer withdrawal:
i) Out of Manfra; 64.3 oz (two kilobars).
Total customer withdrawals :64.30 oz.

We had 1 customer deposit:
i) Into HSBC; 75,100.972 oz.
Total customer deposit: 75,100.972 oz.

We had 1 adjustment:
i) Out of HSBC: 904.043oz were removed from the dealer, and this landed into the customer account at HSBC.
Total Dealer inventory: 885,779.97 or 27.55 tonnes.
Total gold inventory (dealer and customer) = 8.422 million oz. (261.97) tonnes.

Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 41 tonnes have been net transferred out. We will be watching this closely!



Delivery Notices


In silver:


Quote:

The total number of notices filed on first day notice total was 44 for 220,000 oz.



In gold:


Quote:

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 2 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped by JPMorgan customer account.



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: https://www.investmenttools.com/futures/metals/Base_Metals_Inventory_Lon...


In silver:


Quote:

To calculate the number of silver ounces that will stand for delivery in November, we take the total number of notices filed today (44) x 5,000 oz to which we add the difference between the total OI for the front month of November(164) minus the number of notices filed today (44) x 5,000 oz = the total number of silver oz standing so far in November.

Thus: 44 contracts x 5000 oz + (164) OI for the November contract month – 44 (the number of notices filed today) = amount remaining standing or 820,000 oz

It looks like China is still in a holding pattern ready to pounce when needed.



In gold:


Quote:

To calculate the total number of gold ounces standing for the November contract month, we take the total number of notices filed for today (2) x 100 oz to which we add the difference between the OI for the front month of November (67) – the number of gold notices filed today (2) x 100 oz = the amount of gold oz standing for the November contract month.

Thus the in intial standings:
2 (notices filed today x 100 oz + (67) OI for November – 2 (no of notices filed today) = 6700 oz (.208 tonnes)



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


Select Commodity Prices


The Bloomberg Baltic Dry Index (BDI) was 1,428.00, up 0.28%. WTI December crude was 80.54 down 0.58. Brent crude was 85.86 down 0.17. The spread between Brent and WTI was 5.32 up 0.41. The 30 year US Treasury bond was up 0.0200 at 3.0600. The 10 year T-Note was up 0.0300 at 2.3400. The dollar was up 0.79 at 86.92. The PPT/Dow was 17390.52 up 195.10. Silver closed at 16.18 down 0.28. The GSR was 72.4907 down 0.3404 oz of silver per oz of gold. CIA's Facebook was 74.99 up 0.88 (1.19%). December wheat was down 3.50 at 532.500. December corn was up 2.75 at 376.75. December lean hogs were up 0.825 at 88.025. November feeder cattle were down 0.075 at 234.150. December copper was down 0.016 at 3.047. December natural gas was up 0.145 at 3.873. January coal was up 0.03 at 53.75.


Thank you for reading the Harvey Report!





There is much more on Harvey's blog: https://www.silverdoctors.com/harvey-organ-manipulators-go-all-in-with-e...

Goooood day!


**************
Sun, Nov 2, 2014 - 8:31pm DayStar
Scramble
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Re: Will Longs Budge?

Thanks, Daystar. Looks like OI for silver held up, and actually increased by over 3,000 contracts after the Thursday smash. Monday's report on the Friday price action should be interesting as well.

I've been long silver in a big way since 2000, which tells you much about my roller coaster ride. In the meantime, the relentless pounding of gold and silver continues tonight (Sunday). Best...

Mon, Nov 3, 2014 - 9:16pm
turnoffthewater
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Harvey's new site

Daystar,

Since Harvey's site was taken down, SD started posting his work and so did JB at Fort Wealth. Harvey said his son was working on a new site. Do you have a link? I can't seem to find it.

Thanks in advance

Mon, Nov 3, 2014 - 10:41pm turnoffthewater
DayStar
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RE: Harvey's Site

Silver Doctors is Silverdoctors.com. The other site is not familiar to me. I have not seen anything about Harvey's new site, and I was wondering the same thing.

DayStar

Mon, Nov 3, 2014 - 10:48pm
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~~Harvey 3 Nov 2014

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

News and Commentary

Ronan Manly (GoldCore consultant): With the Swiss gold stored at the Bank of Canada, now having been transferred out of the Bank of Canada’s Ottawa vault to an unknown location (Royal Canadian Mint?), the Swiss public would be wise to question the SNB on this move. With the Swiss gold stored at the Bank of England in London seemingly being ‘actively managed’ one of the world’s largest centres for unallocated gold trading, the Swiss public would also be wise to enquire on this issue. And with significant historical quantities of Swiss gold that were stored with the US Federal Reserve Bank in New York no longer there after the SNB seemingly brought their US vaulted gold holdings to zero, the Swiss public need to question why these particular holdings were targeted for sales from 2000-2005 and not domestically held gold. Transparency is a matter of public importance - including transparency regarding every nations' sovereign gold reserves.

Chris Powell (GATA): While central banks have pushed gold below the triple-bottom level of $1,180, GoldMoney founder and GATA consultant James Turk says it has come at the expense increased demand for real metal and has pushed both gold and silver into backwardation, and Sprott Asset Management's John Embry speaks about the continuing manipulation of the silver market and says he considers silver the most undervalued asset he has ever seen. https://www.gata.org/node/14660

Chris Powell (GATA): Is that where all the gold going to China is coming from? Jan Harvey (Reuters): The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Shares, saw an outflow of over $1 billion of metal last month as investors lightened holdings in anticipation of a further price drop from current four-year lows. Data from the GLD fund showed on Monday that its holdings slid to their lowest in six years after an outflow of 28.7 tonnes in October, their biggest of any month this year.

Ted Butler (via SilverDoctors): You have to sit back and try and drill down to the cause of what’s going on. Now, the actions by the Bank of Japan and the actions of our own Central Bank have basically been to inflate all investment assets such as bonds, stocks, real estate. And the ironic thing is that in the past whenever we’ve gone through this asset inflation mode ,gold and silver and a variety of commodities have always participated. It stands out this time that, contrary to the movement and all other assets, that gold and silver have been particularly weak. The only explanation for why this is so is that we’ve developed, not just in gold and silver but in all the Comex and NYMEX metals — copper, platinum, palladium, gold and silver, even items like crude oil and even into the grains — we’ve developed a mechanism that’s so distorted it’s like we’re allowing the inmates to run the asylum. In other words, if you’re looking for the specific cause for why gold and silver have been particularly weak over the last couple of days or any other time period, you can trace it directly to the derivatives market. Specifically the Comex. There’s such a large volume and it’s not just trading volume, it’s positioning. The positioning is so extreme in these markets and at such a large scale that it actually becomes the tail that wags the dog. We should remember that derivatives (which futures contracts on gold and silver traded on the Comex are classified as) are supposed to be derived from the real supply/demand fundamentals of any commodity. And that’s supposed to kind of follow what developments there are in the real world of supply and demand. That’s been distorted. That’s not longer the case. It’s now possible to have a 25% plunge in the price of oil in a few months or the equivalent 25% or greater decline in silver or any other commodity in a very short period of time. Things in the real supply/demand don’t change that fast. It’s a glacial-like change when you’re talking about the production and consumption of copper and oil and silver. And same thing hold’s true on the consumption side. What’s precipitating this whole thing is that the derivatives market has become so large, and there are certain specific traders that have figured out how to game the system, that the derivatives market is always the cause for why we have these sharp moves. The crazy thing about it, is that it’s quantifiable. We have governed reports that come out every week in the form of the Commitment Of Traders report from the Commodities and Futures Trading Commission. And it shows clearly and unequivocally that certain large traders are distorting the market. And this is so against commodity law and the principle of free markets and the law of supply and demand that it’s become unattainable. And I think it’s good. It’s gotten so extreme now that I think we may be in a position of a snap-back to where we don’t allow this anymore. So I’m hopeful that with more people becoming aware of what this game is all about that enough people are going to sit back and say ‘Hey, wait a minute. This is the craziest thing I’ve ever seen!’ and demand that it change. Or demand at least that the government or the CME stand up and answer these questions. I mean I’m sitting here accusing them of being crooked and explaining the game; why it’s manipulation, because the futures markets is dictating to the real market what the price should be. That’s crazy. That’s illegal. And yet, there’s no response on their part. They want to pretend that it doesn’t exist. These days with the mood swings these price lows are causing (silver in particular), we’re going to deal with this real quick. Because it’s terrible that the miners should be subjected to this. If silver prices don’t rally and don’t rally soon, most of the silver miners are going to go out of business. I think silver prices are going to rally and they are going to rally soon.

Chris Powell (GATA): Germany's rising eurosceptic party, riding high following its recent electoral successes, has branched out in a somewhat surprising direction -- and entered the gold-trading market. The Alternative for Germany (AfD) has started selling gold bars and coins online to raise funds for its operations. The AfD, which is not so much anti-EU as anti-euro, has built its success on a central platform of getting rid of the common currency -- but its latest move is not some hare-brained attempt to return to the gold standard. Instead it is a somewhat elaborate scheme to get around Germany's party-funding laws.

Silver Doctors (SilverDoctors.com): Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, SD gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses! Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle. Does the ONLY precious metals analyst who forecast silver’s crash from $50 to $15 still believe a silver moon-shot past $1,000/oz is coming along with a full-fledged fiat currency collapse? Take heart silver investors. The one analyst who saw this coming remains as bullish as ever. https://www.silverdoctors.com/silver-analyst-who-predicted-silvers-crash... rally-coming/

David Schectman (Miles Franklin): I have not given up on Jim Sinclair. No one is right all the time, not in this heavily manipulated marketplace. Logic dictates that the Fed must continue QE in one form or another or interest rates will rise, and that is a political disaster since it will badly affect GDP and the stock market. Interest rates will not remain low with foreign countries backing away from our Treasuries and interest rates are the lowest in decades. The buyer of last resort IS THE FEDERAL RESERVE. Will the Fed follow the Bank of Japan and eventually purchase virtually all the maturing bonds? Until and unless interest rates rise high enough to cover "risk" and a fair return, the Fed can't drop out. Gold is now suffering the wrath of the fickle hedge funds and the horrible manipulation of commodities by the bullion banks. Let them have their short-term day in the sun. This will turnabout sooner rather than later and the investments that are now being shunned (gold, silver, platinum, etc.) will lead the way back up. It must end up that way. Inflation is on the way, best shown when the dollar reverses direction and then the currency debasement of the dollar will push prices up. Not demand, but currency-driven. Don't be fooled by the temporarily strong dollar. Its foundation is hot air and sand.

Adrian Ash (Bullion Vault): Gold bullion prices slipped to re-touch Friday's new four-year lows early in Asian trade Monday, before recovering that $10 drop to trade at $1,172 per ounce as world stock markets edged down. With key US jobs data due later this week—and a European Central Bank decision on Thursday—the dollar rose to new two-year highs against the Euro. The dollar also extended Friday's new seven-year highs against the Japanese yen, hit after the Bank of Japan increased the size of its quantitative easing asset purchases by one-third to the equivalent of $60 billion per month. Gold bullion prices for UK investors bounced overnight from new 2014 lows beneath £730 per ounce. Major government bonds meantime rose, nudging 10-year US Treasury yields down to 2.32%, more than one-tenth of a percentage point lower from this time last month. Rather than coming in physical bullion, Friday's "selling pressure stemmed from the futures market," reckons Germany's Commerzbank in a note, pointing to a three-month high in the volume of US contracts changing hands—"more than twice as high as this year's average." "Gold's Halloween downside shock is very significant," says precious metals analyst Jonathan Butler at Japanese conglomerate Mitsubishi, noting that "$1,180 formed a triple bottom" from gold bullion's Dollar-price lows of June and December 2013 with early October 2014. Falling through that level "now opens up a trading range potentially down to $1,000," says Butler, but "we anticipate physical demand from Asia will now pick up, helping mop up ETF and speculative gold outflows and support the price to a degree."

Andrew Hoffman (Miles Franklin): Everything negative we have ever written about Japan - from "demographic hell" (July 2012), to "final currency war" (January 2013), "the real Yen bomb starts - NOW" (May 2013) and "the Japanese Noose is tightening" (February 2014) are coalescing now in a hyperinflationary crescendo, which must end in complete financial cataclysm. To wit, if you think the chart depicting the unmitigated failure of U.S. QE is bad just think where it stands for Japan - now that it has been "QEing" for two decades with a 240% debt/GDP ratio, multi-year high in CPI inflation, and dramatically negative GDP growth; and oh yeah, another sales tax increase slated for 2015. Yes, this is what the "weak yen" the Bank of Japan so desperately wanted has brought to the "Land of the Setting Sun"; well, that and a 140% surge in corporate bankruptcies since Abenomics commenced 18 month ago. Actually, scratch that - as the 140% bankruptcy increase is just in 2014 alone! The yen has not only breached the long-time "line in the sand" of 110/dollar, but plunged to more than 112/dollar, down a whopping 2.6% today alone. Before today, the Yen's "real effective exchange rate" had already plunged to its weakest level since 1982. However the financial death sentence Shinzo Abe has just unleashed on his population will make today's Yen levels look like the "good old days" in hindsight. Remember, the Yen traded between 200 and 300/dollar in the 1970s and 1980s - which is exactly where we believe it's going now, enroute to being the first "first world" nation to experience 21st century hyperinflation. And heck, I haven't even noted this morning's broad-based dollar surge - not because the U.S. economy is doing so well (LOL), but because global fear is causing a liquidity surge into the reserve currency. Which, of course, we deem the "single most PM-bullish factor imaginable" due to the global inflation, currency wars and geopolitical tensions such devaluations cause. Not to mention, the massively detrimental impact on U.S. corporate earnings of a "strong dollar." And for those wise enough not to speculate in the world's most naked-shorted securities; but instead, save in history's only proven money, all we say is one word - RELAX. Global physical demand was already sitting at all-time highs before this month's Cartel paper raids; and now that the mining industry is all but destroyed, the upcoming production declines will be equally violent as the inevitable - perhaps imminent - physical demand explosion. DS: The elites had to work hard on Japan to wreck it. They could not have it survive while the rest of the world went up in flames. The suicidal action of Japan's leaders is not stupidity or hubris. They are traitors to their people, as our government is to ours. The objective is to destroy nationalism and to create a one world government. They are going to depopulate the world and cement whatever they let survive into a monolithic one-world-government, one-world-religion from which they do not believe there will be any escape. If God does not intervene (He will), they will be successful. Our task is to turn to God in obedient trust and prepare as best we can for the the nightmare to come. Those who do not return to God will likely be destroyed.

Harvey:
Ted Butler (Butler Research): Since the commercials are so collusive and in control of the technical funds' trading activities, they can do with the technical funds as they see fit. I truly believe that the key to understanding the manipulation is to know that the commercials control everything that the technical funds do; just like a puppeteer controls a puppet. If it were otherwise, we wouldn't see the clear pattern in managed money behavior in silver (and other Comex/NYMEX metals) of massive technical fund buying as prices rise and selling on declining prices, always ending in extreme positions at reversal points. With this in mind, the only explanation that seems plausible to me as to why the commercials let the technical funds off the hook the last two occasions of extreme managed money shorting is because the commercials were biding their time and waiting for a more opportune time to put it to the technical funds. Let's face it, the technical funds have been like the goose that laid golden eggs for the commercials. You don't cook and eat a goose like that without a thought. What I'm saying is that the commercials know that they can maneuver the technical funds into any extreme position at any time they want and that earlier in the year the commercials let the technical funds off the hook because they knew they could do it again whenever the commercials desired.Zero Hedge: The decline in asset yields especially during QE3 created large wealth effects. Since the Fed's QE started at the end of 2008 th PE multiple of the S&P500 index (12-month forward) went up by five points, from 10.5 at the end of 2008 to 15.5 currently. This PE multiple expansion is responsible for around 650 index points or 32% of the current S&P500 index level. Extending that to the total stock of US corporate equities ($29tr currently), it implies an equity wealth boost of $9tr.

This Will Not End Well (In The Short Term)

Michael Snyder (The Economic Collapse Blog): The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs. For the year, the S&P 500 is now up 9 percent and the Nasdaq is now up close to 11 percent. And American consumers are getting ready to spend more than 600 billion dollars this Christmas season. That is an amount of money that is larger than the entire economy of Sweden. So how in the world can anyone be talking about economic collapse? Yes, many will concede, we had a few bumps in the road back in 2008 but things have pretty much gotten back to normal since then. Why be concerned about economic collapse when there is so much stability all around us? Unfortunately, this brief period of stability that we have been enjoying is just an illusion. The fundamental problems that caused the financial crisis of 2008 have not been fixed. In fact, most of our long-term economic problems have gotten even worse. But most Americans have such short attention spans these days. In a world where we are accustomed to getting everything instantly, news cycles only last for 48 hours and 2008 might as well be an eternity ago. In the United States today, our entire economic system is based on debt. Without debt, very little economic activity happens. We need mortgages to buy our homes, we need auto loans to buy our vehicles and we need our credit cards to do our shopping during the holiday season. So where does all of that debt come from? It comes from the banks. In particular, the “too big to fail banks” are the heart of this debt-based system. Do you have a mortgage, an auto loan or a credit card from one of these “too big to fail” institutions? A very large percentage of the people that will read this article do. And a lot of people might not like to hear this, but without those banks we essentially do not have an economy. When Lehman Brothers collapsed in 2008, it almost resulted in the meltdown of our entire system. The stock market collapsed and we experienced an absolutely wicked credit crunch. Unfortunately, that was just a small preview of what is coming.

Steve Quayle (SteveQuayle.com): With the CDC-(central death command) having been caught continually lying and changing their position by denying all known protocols, it should be the biggest warning flag in the world.number 1)all hemorrhagic strains are so designated by the bleeding or hemorrhaging through all body orifices. 2.)True ebola is always handled in a bio-safety level 4 environment--positive pressure suits and negative pressure rooms or tents or isolation wards. 3.) As one of the most dangerous and deadly viruses in the world, both before and after bio-weaponization there remains a major disconnect in the intentionally non realistic handling of this disease. 4.)All previous protocols of what history will record as the greatest mass murder of people in history, can only be the true motive for the lies being told to health care workers and first responders and doctors.isolation and quarantine are the first step in dealing with any outbreak of deadly pathogenic viruses at their point of origin. The three biggest giveaway that this form of bio-weaponized e-bola light, were the following-no blood, death rates historically not equal to previous outbreaks, in your face lack of correct medical equipment, open borders policy that is either insane or planned for maximum destruction of human life followed by obtuse, erroneous information. Couple this with the lack of really trying to contain this virus at the source. Furthermore it is my informed position that there is a plan in play to put all medical care professionals in harms way as the word is -'curative process’ -remember, to the globalists you are the plague to be eradicated! Never forget the mainstream media is controlled by the elite who are on record, justifying mass murder and calling for global genocide, with their stated goal being the death of 90% of the earths population-this is what Pastor Lankford and I were warning you all about when we had the multiple weeks of prayer and communion on Hagmann and Hagmanns radio show, a year ago when we were all interceding for God to intervene against this demonic attack and to foil the devil's plans to destroy the world’s population - repent , pray and believe and call upon the living God for his protection and deliverance --for truly we serve the king of glory. Additionally the lies concerning the time for test results were bogus from the beginning, as well as the incubation period, and most importantly the ability of the exposed person to infect without showing any of the symptoms. The known airborne nature of this virus and the length of time the virus can stay viable on surfaces; all was with held by design or obfuscated on purpose to bewilder and confuse.

Rick Wiles (TruNews): Is the current strain of Ebola virus more contagious than previous strains? What is up with the CDC’s baffling behavior in response to this crisis? What about rumors that illegal immigrants with severe respiratory diseases apprehended in Texas were “disappeared” by government agents? Mr. Zachery Taylor, chairman of National Association of Former Border Patrol Officers, tells Rick that hundreds of Africans are crossing the border along the Rio Grande. https://beforeitsnews.com/christian-news/2014/11/trunews-11314-zack- taylor-the-ebola-plan-2504634.html

Susan Duclos (ANP): All News PipeLine friend Tom Lupshu just sent over his latest Yellowstone update and it is a big one as he tells us that officials are finally starting to admit to increased earthquake activity, but also to serious ground deformations. The latest reports show that there were 98 earthquakes according to the Yellowstone Volcano Observatory’s monthly update. As Lupshu states in the details of his video, when these organizations begin to admit significant changes in the Yellowstone Supervolcano Caldera, then it is really time for you to have a plan!”

John Moore (John Moore Show): John Moore has conducted exhaustive interviews and studies with countless military and government individuals regarding Planet X, AKA Nibiru, who confirm that Planet X, our solar systems 10th planet does exist and will cause tremendous devastation when it next passes by earth. The closer Planet X/Nibiru and its entourage of moons, red dust, boulders, and debris are closing the gap to its Earth passage. The closer it gets, the more difficult it will be to maintain the cover-up silence. https://www.youtube.com/watch?v=IieVjEn8NaE

Francis Barbour (12160.info/forum/topics/march-22-what-is-the-real-meaning-behind-the-number-322-to-the): The Meaning Of 322 to the Illuminati is very simple for us to accurately ascertain. While all of The World's Secret Societies are based upon: Satanism, The Kabbala, and Luciferian Teachings - they have always been, strangely enough, drawn to The Bible as their own personal code book! In fact, their affinity for utilizing The Bible - in this way - is actually a seemingly hilarious, exceptionally clever, and closely held insider joke.... All the more so, since they can utilize Yahweh's Prophetical Book against His own children - in these particular spiritual matters. For an accurate understanding of: " 322 " - we need merely open The Very First Book Of The Bible to Genesis Chapter 3 Verse 22, wherein it states: "Then The Mighty One said, 'Behold, the man has become like one of Us, to know Good and Evil [ Possessing The Previously Hidden Knowledge - Upon Which It All Works ]. And now, /*lest he put out his hand and */ take also of The Tree Of Life, and eat, and live forever [ V22 ] - therefore Yahweh The Mighty One sent him out of The Garden Of Eden to till the ground from which he was taken. [ V23 ] " - Genesis 3:22-23. { *** NOTE: They [ merely ] ignore the struck through text (/* */) within this passage - to factually obtain their own personal interpretation of it! This has only been done, for demonstrations purposes.... *** } The fact that they Ignore The Remainder Of The Verse - which is found in Genesis 3:23 [ the second half of the very same sentence ] - is itself a very bold and personal statement! As members of The Illuminati - or, the self-proclaimed: "Illuminated Ones" - they are laying 'A True Spiritual Claim' to this original act of rebellion against Yahweh. In essence, they are boldly proclaiming that: "We have done this thing, before Yahweh; and We shall complete this deed of rebellion, despite all of His actions!" For they truly believe that they are smart enough to find some form of loophole - within the rules which so obviously govern our universe.

Susan Duclos (All News Pipeline): While the MSM and the US government continue to treat "weather modification," as a conspiracy theory, there is ample evidence that not only it exists and experiments continue, but has even been classified as a Weapon of Mass Destruction (WMD) by the UN. In 1997 U.S. Defense Secretary William Cohen, stated "Others [terrorists] are engaging even in an eco-type of terrorism whereby they can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic waves," acknowledging the technology exists. More recent headlines provide further proof that these experiments continue on to this day, such as "Scientists think they can control weather with lasers," from CBS News in April 2014, and David Walker, deputy assistant secretary of the Air Force for science, technology and engineering stating to congress that HAARP wasn't need anymore because "We're moving on to other ways of managing the ionosphere, which the HAARP was really designed to do," he said. "To inject energy into the ionosphere to be able to actually control it. But that work has been completed." In the video below from Truth Stream Media, they ask if HAARP isn't responsible for the California drought happening today and given the circumstances and the technology available and being researched, it is a legitimate question. Some would ask why, if this technology exists, it hasn't been used to create the weather needed to put an end to the devastating drought, but by the same token, if it isn't bening used to end the drought, could it be the cause of the drought? Then we have the question of why would the US government deliberately cause or allow this historic drought to continue? The answer is easy..... it is all about control. In this case, social control, explained via this Investment Watch article excerpted below: The control and management of global food supplies has been a corporate and political priority for decades, with US-based conglomerates leading the charge. As elite establishment political figure Henry Kissinger remarked in 1970, “Control oil and you control nations; control food and you control the people.” Recent research places multinational corporations behind the push toward controlling global food supplies. Control the food, you control the people..... control the water, you control the crops and therefore you have control of the food. We see rising food costs, to record levels and still rising, we see food shortages across the nation due to California crops failing and we see that the government is now in control of how much water the people of California are allowed to use and the government can implement fines if people use too much.

John Little (OmegaShock.com): Now, the Antichrist will be more than just a friendly chap with a good handshake. He will be exceptionally practical – which means that he won’t invent a religion from nothing. That would take too much work and too much time. So, he’ll do it like it has always been done in the past. He’ll borrow the best bits from all the popular religions and invite everyone to join hands and sing Kumbaya. In fact, they’ve been doing that since 1893, when they held the very first Parliament of the World’s Religions, in Chicago. It never really caught on until the centennial meeting of this ‘Parliament’. But since then, major international cities have been hosting this religious parliament, and now it has come back home, to the United States. I picked up this bit of news from an article titled, Salt Lake City first U.S. city to host Parliament of World Religions, and I caught the link on SteveQuayle.com. And, my attention was riveted by this paragraph: “America is the home base of the interfaith movement, and it’s about time the Parliament come back home,” Parliament Chair Imam Abdul Malik Mujahid said in an announcement. Hmmmm… America is the home-base of the interfaith movement? (sigh) Unfortunately, I think that I have to agree. It certainly is the ‘home base’ for so much else that is evil. And, how does this Parliament of the World’s Religions work? By suppressing their differences (i.e., the truth) and upholding those areas that they have in common (i.e., lies). And, you can bet that every one of their meetings will be full of peace, love and understanding. (or, at least full of SOMETHING.) But, that’s not the only Peace-Love-and-Understanding movement out there. There’s also this one: The United Religions Initiative https://www.uri.org/ . I love their ‘cooperation circles’. They’re just so… cooperative. Of course, not everyone is quite so cooperative with the Peace-Love-and-Understanding movement. Some people are just so… extreme …in their desire to hold on to what they believe to be true. And yes, there’s an organization to help deal with that. It’s called: Global Community Engagement and Resilience Fund https://www.gcerf.org/ . And, it’s goals are to turn violent, radical religious people into something less violent, less radical and – presumably – less religious. And, you’ll be pleased to know that it is an initiative that was proposed by the Obama Administration. And, it’s currently backed by Europe, Australia, Canada and Qatar. Oh, and the Tony Blair Faith Foundation. You did know that there was one of those, right? Oh yes, we are rolling right along towards a wonderful future full of peace, love, harmony, global tyranny, mass murder and the Antichrist – because everyone who disagrees will be killed. You’ll just LOVE it! You aren’t one of those truth extremists, are you? I truly hope that you’ll be ready for this. https://www.omegashock.com/2013/12/13/the-shock-plan-for-getting-ready-p... (There’s not much time left.)


A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished. – Proverbs 22:3


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Select Commodity Prices

The Bloomberg Baltic Dry Index (BDI) was 1,456.00, up 1.96%. WTI December crude was 78.27 down 2.27. Brent crude was 84.78 down 1.08. The spread between Brent and WTI was 6.51 up 1.19. The 30 year US Treasury bond was up 0.0100 at 3.0700. The 10 year T-Note was up 0.0100 at 2.3500. The dollar was up 0.33 at 87.25. The PPT/Dow was 17366.24 down 24.28. Silver closed at 16.15 down 0.03. The GSR was 72.1548 down 0.3359 oz of silver per oz of gold. CIA's Facebook was 73.88 down 1.11 (1.48%). December wheat was up 5.75 at 538.250. December corn was down 3.25 at 373.50. December lean hogs were up 0.825 at 88.850. January feeder cattle were down 4.350 at 229.800. December copper was up 0.018 at 3.065. December natural gas was up 0.173 at 4.046. January coal was down 0.20 at 53.55.

Thank you for reading the Harvey Report! There is much more on Harvey's blog https://www.silverdoctors.com/

Goooood day!

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Tue, Nov 4, 2014 - 10:50am DayStar
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Harvey

Tue, Nov 4, 2014 - 10:19pm
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~~Harvey 4 Nov 2014

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

News and Commentary

Mark O'Byrne (GoldCore): Disillusionment with Europe's single currency continues to grow with the cracks beginning to show in it's heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds. AfD are not anti-EU per se and have distanced themselves from other eurosceptic parties. They see a future for Germany in the EU and embrace common markets but wish to see the European Monetary Union (EMU) and the euro itself wound up and a return to the Deutschmark. In the past two weeks, in a bid to gain as much state funding as possible they have entered the gold bullion market with quite a degree of success. In Germany, the federal government will match, up to a value of €5 million, any funds raised privately by a political party. In a bid to get the full allocation of state funding, AfD have started to sell gold bullion online. In the two weeks since the scheme was announced they have sold gold coins and bars worth a sizable €1.6 million. There has been strong, broad based demand for precious metals in Germany in recent weeks and months due to concerns about the Eurozone, the Euro, the conflict with Russia and global uncertainties. AfD have managed to sell a large volume of bullion bars and coins despite being unable to undercut the well established bullion dealers with whom they have been competing. This indicates that their customers are motivated to buy gold from them specifically because they support the party and it's policies. The fragile global financial and monetary system is teetering on the edge of collapse and serious inflation and stagflation is very possibly on the cards. In the event of a crisis it will be there to help protect you which may not necessarily be the case for paper money and digits on a computer screen. Gold was gold at the dawn of time and will continue to be.


Bill Holter (Miles Franklin): I believe China is fully aware of the bankruptcy of the West's financial system. I believed China had accumulated at least 8,000 tons of gold (I may be way low on this per Alisdair Macleod, more on this in my previous article), they have built out infrastructure to the point of even building ghost cities with their own functional but not used (yet) airports. They have accumulated zinc, nickel, copper, oil, you name it, in amounts far more than they currently need. They have bought assets all over the world and have spent dollars to do it. They have been on a mission since 2008 to turn dollars into "stuff" wherever they could, because they know. They know the dollar is toxic and if they don't exchange them prior to the bankruptcy becoming public, they will be left holding a worthless asset. As for the situation in silver, if I am correct and it is the Chinese who are record long the December contract, do the Chinese really believe they will receive silver? Of course not, they can see the published inventories are not even close to sufficient, they may not even believe the published figures. I still believe this position is only a switch they can flip when and if they wish or even the leverage as a threat to flip it. We will find out soon enough but the open interest rising to such heights with the price dropping to such depths has never happened before in any market that I know of, something very very different is happening and it looks like December is the focal point! We will see.

Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 261.94 tonnes for a loss of 41 tonnes. In silver, the open interest continues to remain extremely high and today we are close to multi year highs at 177,341 contracts. To boot, the December silver OI remains extremely high at 119,271. Today, we had no change in gold Inventory at the GLD/ inventory rests tonight at 741.21 tonnes. In silver, strangely we see that the SLV inventory actually rose by 958,000 oz: SLV’s inventory rose by 958,000 oz and rests at 344.373 million oz. GOFO is negative (in backwardation) and decreasing (getting deeper into backwardation).


Andy Hoffman (Miles Franklin): As for Japan, people need to understand just how suicidal their announcement was. As the great David Stockman noted in this must read piece, the increased QE announcement was actually part of a two-pronged approach to generating hyper-inflation "2% inflation," including Japanese government pension plans shedding 25% of their portfolios of low-yielding JGBs in lieu of wildly overpriced stocks. In other words, blatantly shunning their commitment to prudency - and likely, violating their fiduciary responsibility as well - in the name of political expediency. In other words, the BOJ will now monetize the equivalent of all JGB issuance, so that pension funds can offload this toxic junk - and at the same time, goose the stock market higher. Clearly, Japan - and the U.S. and Europe, for that matter - are on the verge of Argentine and/or Venezuelan style hyperinflation; which, as history tells us over and over again, requires very little "spark" to get started. As for "the markets" reaction, all one needs to know is what Friday's wildly PM-bullish "top story" on Yahoo! Finance connotes. Yes, round-the-world out of control money-printing; which, as I write, has the Euro down to 1.247/dollar - and the Yen to 113.95/dollar down an astounding 5% since Friday morning. Heck, despite the vicious Comex attacks of the past three days, Yen-priced gold is actually up during this period, less than 20% from its all-time high.


Andrew Hoffman on silver: a "funny thing occurred" whilst the Cartel was busy naked shorting; as late Friday afternoon, the U.S. Mint reported utterly astonishing Silver Eagle sales in the month's final two days, yielding its third-highest sales month ever; and equally impressive, its highest non-January month, as January is typically the best for sales due to the annual Mint shutdown in mid-December to gear up for the next year's issuance. And per the second chart, U.S. Mint (and likely Royal Canadian Mint as well) 2014 physical sales are on pace to exceed 2013's record levels - during a period when paper prices have been smashed by nearly 50%! For that matter, 2014 sales are on pace to exceed the levels of 2011 - when silver nearly exceeded $50/oz. twice; as it was then that TPTB passed the " point of no return," when they accelerated their money printing and market manipulation operations exponentially. Physical silver and gold demand have since surged to record levels - and as Andrew Maguire noted this weekend, last week's paper attacks yielded massive physical buying. Here at Miles Franklin, demand surged in the past two days and we have observed junk silver premiums start to creep higher. And for what it's worth, the Comex silver open interest rose to a record high relative to the silver price creating further intrigue as to what entity could possibly be absorbing such losses, but continue to purchase more. I can't help but bring to your attention the blatancy of last night's 73rd "Sunday Night Sentiment" attack of the past 74 weeks - in which, with no other market budging, PMs were smashed; particularly silver, despite Friday night's bullish U.S. Mint sales data. It strongly reminded me of a similar silver raid in May 2013 - much less, the May 2011 "Sunday Night Paper Silver Massacre," when gold opened ultra-thin Globex trading down 1% and silver an astonishing 13%, with China closed for a holiday as it also was last night.

TheEconomicCollapseBlog.com: This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting. This sent Japanese stocks soaring and the Japanese yen plunging. The yen had already fallen by about 11 percent against the dollar over the last year before this announcement, and news of the BOJ’s surprise move caused the yen to collapse to a seven year low. Essentially what the Bank of Japan has done is declare a currency war. And as you will see below, in every currency war there are winners and there are losers. Let’s just hope that global financial markets do not get shredded in the crossfire. Without a doubt, the Japanese are desperate. Their economic decline has lasted for decades, and their debt levels are off the charts. In such a situation, printing more money seems like such an easy solution. But as history has shown us, wild money printing always ends badly. Just remember what happened in the Weimar Republic and in Zimbabwe. At this point, the Bank of Japan is already behaving so recklessly that it is making the Federal Reserve look somewhat responsible in comparison. The Japanese are absolutely destroying the credibility of their currency in a last ditch effort to boost short-term economic growth. So why would they want to devalue their currency? Well, there are too main reasons why nations do this. One reason is that it makes it easier to pay off debt. The government debt to GDP ratio in Japan is approximately 250 percent at the moment, and the total debt to GDP ratio is approximately 600 percent. When you have lots more money floating around, servicing crippling levels of debt becomes more feasible. Secondly, nations like to devalue their currencies because it makes their products less expensive on the world stage. In other words, it helps them sell more stuff to other people. But in the process, this hurts other exporters. For example, what the Bank of Japan just did is already having serious consequences for South Korean automakers…

This Will Not End Well (In The Short Term)


WhoWhatWhy.com: You know something is going on when the cautious Boston Globe publishes not one, but two, pieces dealing with the “double government.” This cryptic phrase encapsulates a serious claim about the American body politic: That a permanent and largely unaccountable bureaucracy keeps on doing what it wants to do, no matter who the voters elect to the White House. Both of the Globe articles refer to “National Security and Double Government,” a book by Michael J. Glennon, professor of international law at Tufts University. From the descriptions of its contents (we haven’t read the book yet, but we will—and perhaps excerpt), the author is talking, with due academic caution, about an out-of-control security/military apparatus. ◾The fact that the Globe thinks this book is important enough to warrant not one but two analytical pieces is significant, because Boston was the scene of the mysterious Boston Marathon Bombing. ◾In the aftermath of that tragedy, the national security apparatus and its allies in the media, academia and corporate America (including, significantly, the Globe itself) rushed to discourage us from looking deeper at what happened—while at the same time the nat-sec folks used the event to further expand their influence at the expense of civil liberties. One of the Globe’s pieces was a highly favorable review of Dr. Glennon’s book by former Republican Congressman Mickey Edwards. Edwards, a co-founder of the staunchly conservative Heritage Foundation, has over the years become more and more of a maverick—and more outspokenly alarmed by the path America has taken. The other piece, which appeared in the Globe the same day,was a Q&A with Glennon. The astonishing headline was: Vote all you want. The secret government won’t change. The sub-headline wasn’t much tamer: The people we elect aren’t the ones calling the shots, says Tufts University’s Michael Glennon The genesis of the book was a question that confounded Glennon about President Obama: How did a man who won election pledging to change the national security policies of his predecessor effect so little of that? Here’s what Edwards wrote in his review: The answer Glennon places before us is not reassuring: “a bifurcated system — a structure of double government—in which even the President now exercises little substantive control over the overall direction of U.S. national security policy.” The result, he writes, is a system of dual institutions that have evolved “toward greater centralization, less accountability, and emergent autocracy.” The paradox, Glennon says, is that this barely accountable government machinery actually arose from President Harry S. Truman’s attempts to reduce the military’s growing and unchecked power. The unforeseen outcome was the growth of an unaccountable civilian power center.

Susan Duclos (ANP): Finance and Liberty interviewed Dr. Jim Willie, founder of the GoldenJackass.com and editor of the Hat Trick Letter, to discuss the global economy, where Willie asserts that the form of Quantitative Easing (QE) the US government is practicing right now is an absolute "guarantee of systemic breakdown and economic collapse," to which he explains in detail the how and why of it. Willie also delves into the the next steps he sees coming, which will include hidden debt coverage, a vast propaganda campaign, and he also points out how no one wants to admit how the sanctions meant to punish Russia over the Ukraine fiasco, has actually resulted in the "acceleration of the dollar rejection worldwide."


Live Free or Die (ANP): Three new videos from Elite NWO Agenda, Bloomberg News and Greg Hunter feature Jim Rogers, Marc Faber and Warren Pollock speaking out about what’s REALLY happening in the economic and political world around us and what’s coming next. Rogers speaks in the 1st video about Russia, China and Brazil’s avoidance of the US dollar. Faber talks about how the low prices of oil will have an adverse effect on the economy in the 2nd video while in the 3rd video, Pollock compares what’s happening now to most Americans to being unaware that a massive volcano is getting ready to explode in our collective faces. Warning that a ‘Pompeii’ type event is coming, Pollock warns we are at the end of an age in a long cycle. If he’s correct, what’s coming next? “I think the first part of that event is rationalization. Imagine you are standing in Pompeii just before this volcano is about to explode. All the people around you are saying this volcano is not going to be a problem for us. That’s rationalization and dissonance. That’s what’s happening right now. That’s why people are still talking about the economy, even though the bomb of the economy has gone off. The financial crash has already occurred. That’s why people are still voting Republican or Democrat or are still reading newspapers. So, people right now are in Pompey. The volcano is about to explode, and you really can’t have a discussion with the people around you. Your best avenue is to realize the volcano is about to explode and try to escape the situation. So, as far as human kind is concerned, I think we are at the end of an age in a long cycle. . . . Anything that is parabolic is unsustainable.

The Extinction Protocol: Thousands of people in Sierra Leone are being forced to violate Ebola quarantines to find food because deliveries are not reaching them, aid agencies said. Large swaths of the West African country have been sealed off to prevent the spread of Ebola, and within those areas many people have been ordered to stay in their homes. The government, with help from the U.N.’s World Food Program, is tasked with delivering food and other services to those people. But there are many “nooks and crannies” in the country that are being missed, Jeanne Kamara, Christian Aid’s Sierra Leone representative, said Tuesday. The Ebola outbreak in West Africa has killed nearly 5,000 people, and authorities have gone to extreme lengths to bring it under control, including the quarantines in Sierra Leone. Similar restrictions have also been used in Liberia and Guinea, the two other countries hardest hit by the epidemic. Some efforts have begun to show progress. The situation is Guinea is improving, as is the quality of care for Ebola patients, thanks to international aid, said Aboubakar Sidiki Diakite, an official with the country’s Health Ministry, who was visiting Paris on Tuesday. But more treatment centers and medical teams are still needed, the World Health Organization said at a news conference in Geneva on Tuesday. There are currently 16 treatment centers up and running and 58 more planned. To staff those centers, 500 foreign health care workers and 4,000 national ones are still needed.

The Daily Mail (via The Extinction Protocol): Cases of Ebola in Sierra Leone are still rising quickly, campaigners have warned. In rural parts of the country, the virus is spreading nine times faster than two months ago, a report from the Africa Governance Initiative (AGI) found. AGI – an organization set up by former UK Prime Minister Tony Blair – said rates are also increasing in the capital Freetown, with six times more new cases recorded per day than two months ago. The news comes as the World Health Organization (WHO) advised that the number of new cases of the disease is leveling off. Nick Thompson, AGI’s chief executive, told BBC news: ‘What we’re seeing is a varied picture across the country. There are areas where it’s still going up quite dramatically. ‘Particularly in the western area, the rural areas, the area around and behind Freetown on the western peninsula. ‘That’s where you’re seeing quite dramatic rises in cases, up to nine times more per day than two months ago. ‘It’s a very mixed picture; it’s a changing situation within and across the country. It’s still very much an acute crisis, there’s no room for complacency even if response steps up.’ The spread of the disease has only started to slow down in one area of Sierra Leone: Bombali, in the country’s north, the report said.

NY Daily News: A doctor in Sierra Leone has died of Ebola — the fifth local doctor in the West African nation to die of the disease, authorities said Monday. The death of Dr. Godfrey George, medical superintendent of Kambia Government Hospital in northern Sierra Leone, was a blow to efforts to keep desperately needed health care workers safe in a country ravaged by the deadly virus. Sierra Leone’s health care system was already fragile before the Ebola epidemic because of past conflict and a lack of resources. The country had two doctors for every 100,000 people in 2010, compared to about 240 doctors for the same number of people in the United States, according to the World Health Organization.

Dave Hodges (TheCommonSenseShow): Those that would be fortunate enough to survive the initial event, or series of events, would face the following timetable of events. In the first one to two days, all shelves would be emptied of food, water, guns and medical supplies. There will be no resupply as nothing will be shipped. On the beginning of the third day, individuals will be in the streets scavenging for anything they can find that will keep themselves and their families alive. If there is a loss of power, many will die as a result of exposure to the elements. By the fifth day, desperate people will organize into collectives (i.e. gangs) and will go house to house looking for stored supplies from the half that has somewhat prepared. Neighborhoods will begin to organize themselves into local vigilante groups for protection from local gangs who have become desperate. This is the day that many of the police walked off the job in New Orleans in order to protect their families. Groups of police could become the most dangerous groups in society. In the days that follow, nobody can be trusted. There will be people who will dress up in official looking uniforms (e.g. military, national guard, police) in order to gain entry into a fortified home. The game changing event will be a civil war. Not only will you have to deal with marauding hordes of resource deficient people, you could also be caught in the crossfire between two, or more warring armies. What kind of casualty rates could we expect from various disasters? 1. World War III. The casualty estimates dating back to the 1960’s and 1970’s related to an all-out nuclear war was placed at 150 million Americans or at 80-85%. 2. False flag attack as a result of a series of nuclear explosions. The casualty rate is indeterminable and would depend of the number of cities involved and their relative populations and the size and placement of the nuclear device. Generally speaking, one nuclear device in a city the size of Phoenix would kill 20,000 to 100,000 people. Many more would die in the upcoming weeks due to the effects of radiation. 3. False flag attack as a result of a chemical and biological attack. The casualty rates are indeterminable but past pandemics have wiped out one-third to 40% of a society. 4. EMP attack. The Naval War College tells us that within two years of a power grid take down, that 90% of us would be dead. 5. Military coup resulting in civil war. The casualty rates of war as well as civilians victimizing each other would be impossible to calculate. Conservative estimates would place the rate at 5% to 25%. 6. Economic collapse. It is impossible to exactly determine. I think a safe bet would place this event in the category of a false flag “cyber attack” upon Wall Street and the Banking system. Or, the world totally moves away from the Petrodollar causing our currency to hyper-inflate. The resulting casualty rates would be difficult to calculate. The government would be able to establish order following a brutal crackdown. However, in our weakened state, we would be inviting an invasion. A civil war could break out as well.

Ray Gano (Prophezine): We no longer have Righteous Anger because so many people have compromised themselves with God. What would have happened if Jesus Christ compromised instead of dying on the cross for our sins, where would we be today? We need to cowboy up and suck it up. The world is a filthy horrible place today. Instead of sitting on the sidelines compromising, we need to get back in the game again. It means getting angry at what angers God. It means having courage to shine the light on the evil that is so prevalent today. It means drawing that line in the sand and not going to Starbucks anymore no matter how much you like that coffee and need that caffeine fix. It means being willing to righteously angry and to fight the compromise that has become the terminal cancer in the churches today. William Burke is attributed to saying “ For evil to prevail, all a good man has to do is nothing.” Well, that “nothing” has been going on now for a very long time. We have lost our country to these stinking reprobate enemies of God. Now we can either continue to compromise or we can start doing something about it. As long as we are here, we are accountable. We will have to stand before him for our complacency. Those of us who boldly stood, we will be rewarded well with crowns and mansions. Those who did not have the fortitude and courage to stand for God, scripture says they will get sticks for their eternal reward. If you think God is going to give the compromiser the same rewards as those of us who had the courage to stand when it was tough, think again. It is time for the righteous anger to rise up and we need to stand for what is right again in light of God’s Word and not based on our own fleshly feelings, thoughts, and emotions. We need to drop the whole touchy feely thing and get back on the hard narrow road.

Luke 6:46 And why call ye me, Lord, Lord, and do not the things which I say?


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










Harvey's comments on Tuesday price action (basis 1:30 PM EST)










Quote:



Gold: $1169.30 down $1.70
Silver: $16.17 up 10 cents


In the access market 5:15 pm:


Gold $1165.00
Silver $16.17











Monday, Nov 3rd Gold and Silver Action (basis 1:30 PM EST)


https://harveyorgan.wordpress.com/2014/11/04/nov-4gld-falls-another-2-39...



















Total, Nov (Silver), Dec (Gold, Silver), Jan (Silver) Open Interest










In silver:




Quote:

The fun begins with the silver Comex results. The total OI fell marginally by 2266 contracts from 179,608 down to 177,342 yesterday with silver down 31 cents.In ounces, this represents a total of 886 million oz or 126.5% of annual global supply. We are now in the non active silver contract month of November and here the OI fell by 45 contracts down to 119. We had 44 notices filed on Friday so we lost one contract or 5000 oz standing. The big December active contract month saw it’s OI fall by 4082 contracts down to 119,271. In ounces this is represented by 596 million oz or 85.1% of annual global production (production = 700 million oz – China).





In Gold:




Quote:

The total gold Comex open interest fell by a narrow margin of 1631 contracts from 418,259 down to 416,728 with gold down $27.00 on Friday. Not too many longs left the arena despite the huge whack in gold. The next delivery month is November and here the OI actually fell by 12 contracts. We had 2 delivery notices filed on Friday so we lost 10 contracts or 1000 oz of gold standing. The big December contract month saw it’s Oi fall by 5,224 contracts down to 268,114.





Volume




In Silver:




Quote:

The estimated volume today was fair at 37,508. The confirmed volume on Friday was humongous at 90,777. We also had 3 notices filed on first day notice for 15,000 oz.





In gold:




Quote:

The estimated volume today was fair at 130,682 . The confirmed volume on Friday was humongous at 328,215. Strangely on this second day notice, we had 0 notices filed for nil oz.





Inventory Numbers




In Silver Inventory:




Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz.


We had 1 dealer withdrawal:
i) Out of CNT: 103,641.98 oz.
Total dealer withdrawal: 103,641.98 oz.


We had 1 customer withdrawals:
i) Out of Scotia: 808,949.26 oz.
Total customer withdrawal 808,949.26 oz.


We had 1 customer deposits:
i) Into CNT: 592,820.700 oz.
Total customer deposits: 592,820.700 oz oz.


We had 1 adjustment:
i ) Out of Delaware; 138,081.55 oz were adjusted out of the customer, and this landed into the dealer account at Delaware.
Total dealer inventory: 66.220 million oz.


Total of all silver inventory (dealer and customer): 180.185 million oz.





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions.


Total dealer withdrawal: nil oz.


Total dealer deposit: nil oz.
We had 0 customer withdrawals:
Total customer withdrawals: nil oz.


We had 0 customer deposits:
Total customer deposit: nil oz.


We had 0 adjustments:
Total Dealer inventory: 885,779.97 or 27.55 tonnes.


Total gold inventory (dealer and customer): 8.422 million oz. (261.97 tonnes)


Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 41 tonnes have been net transferred out. We will be watching this closely!





Delivery Notices




In silver:




Quote:

The total number of notices filed on second day notice total 3 for 15,000 oz.





In gold:




Quote:

Today, 0 notices was 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped by JPMorgan customer account.





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: https://www.investmenttools.com/futures/metals/Base_Metals_Inventory_Lon...




In silver:




Quote:

To calculate the number of silver ounces that will stand for delivery in November, we take the total number of notices filed for the month (47) x 5,000 oz to which we add the difference between the total OI for the front month of November (119) minus the number of notices filed today (3) x 5,000 oz = the total number of silver oz standing so far in November.


Thus: 47 contracts x 5000 oz + (119) OI for the November contract month – 3 (the number of notices filed today) = amount standing or 815,000 oz


It looks like China is still in a holding pattern ready to pounce when needed.





In gold:




Quote:

To calculate the total number of gold ounces standing for the November contract month, we take the total number of notices filed for today (2) x 100 oz to which we add the difference between the OI for the front month of November (55) – the number of gold notices filed today (0) x 100 oz = the amount of gold oz standing for the November contract month.


Thus the in intial standings:


2 (notices filed today x 100 oz + (55) OI for November – 0 (no of notices filed today = 5700 oz (.177 tonnes).


We lost 1000 oz of gold standing for the November contract month.





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 1,456.00, up 1.96%. WTI The 30 year US Treasury bond was down 0.0200 at 3.0500. The 10 year T-Note was down 0.0100 at 2.3400. The dollar was down 0.22 at 87.03. The PPT/Dow was Silver closed at 16.03 down 0.12. The GSR was 72.8759 up 0.7211 oz of silver per oz of gold. CIA's Facebook was 75.76 up 1.88 (2.54%). December wheat was down 7.75 at 530.500. December corn was down 9.00 at 364.50. December lean hogs were up 0.000 at 88.850. January feeder cattle were up 0.000 at 229.800. December copper was up 0.000 at 3.065. December natural gas was up 0.000 at 4.046. January coal was down 0.07 at 53.48.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog.

https://harveyorgan.wordpress.com/2014/11/04/nov-4gld-falls-another-2-39...




Goooood day!




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

Tue, Nov 4, 2014 - 10:27pm turnoffthewater
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

RE: Harvey's New Site

Many thanks, TurnOffTheWater. I will probably make that my new main site. He said that is not the new site he is working on, but it is a temporary one that is filling in the gap.

Thanks again,

DayStar

Wed, Nov 5, 2014 - 10:18pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 5 Nov 2014

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










News and Commentary






Mark O'Byrne (GoldCore): In recent days, there has been a global scramble to acquire silver bullion coins and bars after the price falls according to Reuters. Maple Leaf silver coins are difficult to acquire according to bullion dealers, with the Royal Canadian Mint on allocation from September. There is a concern that supply times will increase and premiums are likely to jump according to Reuters. “A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars, as the spread between the price of the metal and gold reaches its widest in five years. Retailers and distributors in Asia and the United States said they were struggling to get supplies of items such as Canadian Maple Leaf silver coins. While demand for silver has been strong over the last few months, retailers say buying interest soared in recent days as the metal fell towards its lowest since 2010, along with gold. Demand for silver coins and bars accounted for more than a fifth of total demand in 2013, according to a report by the Silver Institute. A sustained jump in demand should support silver prices, currently at just over $15 an ounce. The price of silver is currently around 74 times cheaper than gold – the biggest spread since early 2009. Due to its greater affordability, silver sales tend to outstrip gold in volume terms and attract a lot more retail buyers. The Royal Canadian mint had started allocating, an industry term meaning rationing, its popular Maple Leaf silver coins in September in response to high demand, according to a spokesman. With the allocation of silver coins in place, the mint continues to produce and take orders for 2014 coins with no anticipated stoppage in shipments, he said. But retailers are already finding it hard to get hold of the mint’s products as they sell out their existing stock. Some Asian dealers said they have had to pull Maple Leaf coins from their lineup until they get the mint’s 2015 products. In mid-April 2013, silver lost nearly a fifth of its value in two days, tracking a rout in gold, prompting a rush to snap up both the metals at a bargain price. While the Royal Canadian Mint is rationing silver coins, it has no such system for gold. The U.S. Mint is not allocating silver or gold at the moment. In June, the mint lifted its ration on silver American Eagle coins that had been in place since January last year as strong demand had depleted silver coin blanks. We have seen a significant uptake in demand for silver this week both for maples and philharmonics and for larger 1,000 oz bars. Silver maples are being snapped up by U.S. and Asian buyers as the premiums are lower than that for silver eagles. Silver philharmonics continue to be popular in Europe as they too are less expensive than the eagles and have a similar premium to maples. Silver coin demand is for both delivery and storage, while bar demand is primarily for bullion storage in Zurich and Singapore. The demand is broad based and coming from both retail investors and indeed high net worth. Silver is down 70% in less than four years as stock and markets have surged to record highs. The gold: silver ratio has surged to a peak of 75.4 this morning, its highest since early 2009, as silver underperforms falling gold. Silver is great value today versus stocks and bonds and indeed versus gold. The smart money accumulates on dips and buys low, to sell high.










A. Anathalakshmi (Reuters): A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars as the metal has reached its cheapest level relative to gold in more than five years. Retailers and distributors in Asia and the United States said they were struggling to get supplies of items such as Canadian Maple Leaf silver coins. Demand for silver has been strong over the past few months, but retailers say buying interest has soared in recent days as the metal has slid towards its lowest since 2010. "Silver Maples are being snapped up by U.S. and Asian buyers as the premiums are lower than for silver Eagles. Silver Philharmonics continue to be popular in Europe as they too are cheaper than Eagles, with a similar premium to Maples," GoldCore said. "Supply of silver from some mints has been delayed," said Brian Lan, managing director of Singapore-based retailer GoldSilver Central. "Demand had not been great early this year, so they had reduced production capacity and manpower. When there was a spike, they were caught off guard," Lan said. In September the Royal Canadian Mint started allocating, an industry term meaning rationing, its Maple Leaf silver coins in response to high demand, according to a spokesman. With the allocation of silver coins in place, the mint continues to produce and take orders for 2014 coins with no anticipated halt in shipments, he said. But retailers are already finding it hard to get hold of the mint's products as they sell out their existing stock. "The premiums of silver Maple Leaf bullion are going to rise soon, because dealers cannot get their hands on the coins," said Scott Spitzer, chief operating officer at Manfra Tordella & Brookes, one of the largest U.S. coin wholesalers in New York. Some Asian dealers said they had to pull Maple Leaf coins from their lineup until they get the mint's 2015 products.






Liezel Hill and Kevin Crowley (Bloomberg): As gold prices fell 4.7 percent last week, the Standard & Poor’s/TSX Global Gold Sector Index of 40 producers plunged 16 percent. About a third of worldwide output is probably cash-flow negative with gold at less than $1,250 an ounce, according to Joe Wickwire, who manages the Fidelity Select Gold Portfolio. Gold futures fell 1.9 percent to settle at $1,145.70 an ounce. The S&P/TSX gold index declined 4.3 percent to the lowest since November 2001. There are producers making money at current prices. In the third quarter, so-called all-in sustaining cash costs were $834 an ounce for Toronto-based Barrick and $711 for Englewood, Colorado-based Alacer Gold Corp. The measurement includes the expense of mining and replacing reserves through exploration, as well as other costs like corporate expenses. Not all mining companies calculate this figure the same way, and not all companies report it. The reckoning began in 2012. Several CEOs, including those of Barrick and Kinross Gold Corp., were fired, and the industry took more than $26 billion of writedowns after prices declined in 2013. While gold miners might have been optimistic that higher prices would finally lift earnings, the metal has fallen again. It’s about 40 percent lower its peak three years ago. It fell last week by the most since September 2013 as the U.S. dollar strengthened, after the Bank of Japan unexpectedly boosted stimulus and the Federal Reserve ended asset purchases. DS: The Fed and the BOJ actions are just manipulation in action. You can't predict what some evil empire players are going to do, so you can't run a business, and that's their intent--put the miners out of business.




Ashley Armstrong (London Telegraph/Armstrong/GATA): Shares in Peter Hambro’s Russian mining business jumped by almost 20 percent after it emerged that a consortium fronted by Oleg Deripaska’s right-hand man was attempting to gatecrash its rights issue plans. The London-listed gold miner Petropavlovsk, set up as Peter Hambro Mining in 1994, is the second biggest gold producer in Russia but has suffered as the price of the yellow metal has tumbled, dragging the company’s share price down 65 percent so far this year. Petropavlovsk announced in September that it was in discussions with lenders about a restructuring and rights issue to service an expensive debt pile taken on at the peak of the gold boom. If the company fails to do so, it could breach its banking covenants next month and $310 million worth of convertible bonds would mature, which could lead to its going bust.










Harvey: The gold Comex today had a poor delivery day, registering 3 notices served for 300 oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 251.94 tonnes for a loss of 53 tonnes over that period. Today the loss was slightly over 10 tonnes. I am deeply concerned that most of the gold that enters as a deposit at the Comex are of the kilobar variety i.e. exact multiples of 32.15 oz. We had again many transactions of this type at the Comex. In silver, the open interest continues to remain extremely high and today we are close to multi year highs at 176,463 contracts. To boot, the December silver OI remains extremely high at 116,253. Today, we had a huge withdrawal of gold Inventory at the GLD of 3.00 tonnes/ inventory rests tonight at 735.82 tonnes. In silver, the SLV inventory fell today by 2.074 million oz. SLV’s inventory rests tonight at 343.450 million oz. GOFO is negative (in backwardation) and decreasing (getting more into backwardation). The backwardation in gold is incompatible with the raid on gold this morning. It does not make any economic sense.






Dave Kraznler (IRD): People, this is a 5yr daily data series. https://investmentresearchdynamics.com/wp-content/uploads/2014/11/GOLD1.png It would be hard to create a data pool with better statistical correlation characteristics using a 99% confidence interval. It shows the behavior, on average of the price of gold over the last five years on a daily basis. There can be no mistake that the price of gold trades at a higher price level during the Asian trading hours than it does during the London/NY trading hours. Even more significantly, there can be no argument that the price of gold is manipulated lower going into the “benchmark” price setting London price “fix” operations. The price is fixed alright – it’s fixed lower. This is evidence that would make the OJ Simpson defense team blush.






The Doc (SilverDoctors): The US Mint has just issued an alert to Primary Dealers across the US that Silver Eagle inventories, which according to the Mint began today at over 2 million ounces, are now SOLD OUT as of 12:30pm EST. The Mint has reportedly sold through over 2 million ounces in less than 2 hours! It appears that the $15.50 level was the line that broke the camel’s back regarding physical inventories, as physical demand has simply EXPLODED on this morning’s futures dip below $15.20. At approximately 1pm EST, one of the largest Primary Dealers in the US issued a notice to all purchasers that premiums for ANY PREVIOUSLY PLACED PURCHASES FOR SILVER EAGLES ARE NO LONGER VALID! This is simply unprecedented! DS: There's a good chance that if you waited till now to back up the truck, your truck is coming away close to empty. When I was at the bullion dealer's store Monday, the associate informed me that they are out of 90% and out of generic rounds. I had to resort to buying heavy silver necklaces to get any bullion at a decent price. They really don't know when they will get restocked. Reports are that there is a 2-3 week delay, and now SilverDoctors say the distributors are renegotiating purchases already in the pipeline. That is grim.




















This Will Not End Well (In The Short Term)










Michael Snyder (The Economic Collapse Blog): The Europeans are scared to death of a deflationary depression, but that is precisely where the long-term economic trends are taking them right now. The following is from a recent Forbes article: "Market consensus believes that the eurozone is edging toward that moment when the scourge of deflation actually becomes a crippling reality. Eurozone data is constantly reminding investors that the region’s economy is barely limping along, as companies slash selling prices in a vain attempt to improve sales in the face of a weakening economy and evaporating new orders. Corporate deflationary reactions like this only hurt a company’s bottom line by squeezing profit margins even further. The obvious knock-on effect will limit resources for hiring and investing, which in turn only dampens any chances of an economic rebound, again putting the region into a bigger hole." In a desperate attempt to avoid widespread deflation in Europe, the ECB will inevitably take action at some point. It may not happen immediately, but when it does it will be yet another salvo in the emerging global currency war. Speaking of currencies, it is being reported that Russia is actually considering legislation that will ban the circulation of the U.S. dollar in that nation. The following is from an article that was posted on Infowars: Russia may ban the circulation of the United States dollar. The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports. If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’ currencies. Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated. That is not good news for the U.S. dollar at all. Expect wild shifts in the foreign exchange markets in the months and years to come. Turbulent times are ahead for the dollar, the euro and the yen.








RT.Com: A British-run facility to treat people with Ebola has opened in Sierra Leone. Meanwhile, UK troops have arrived in the West African nation as part of Britain’s contribution to the fight against the deadly disease. The center is the first of six being constructed by the UK government. The facility in Kerry Town, outside the capital of Sierra Leone, Freetown, will be run jointly by the Department for International Development and the charity Save the Children. It will provide diagnosis and treatment to infected patients, reducing the risk of infected patients passing the virus onto relatives and their communities. “Sierra Leone, which has seen the number of new Ebola cases rise for six consecutive weeks, is one of the countries in the region most gravely affected by Ebola, leaving its population and health care system completely overwhelmed,” said Rob MacGillivray, country director for Save the Children in Sierra Leone. “This treatment center will help with the early diagnosis of those infected with Ebola, increasing their chances of survival.” There has been a severe shortage of beds to treat Ebola patients in Sierra Leone. The World Health Organization (WHO) estimates that there are just 326 treatment beds in the country. A team of Cuban doctors, part of more than 200 medical workers from the Caribbean island, are also working at the treatment center.










Dave Hodges (TheCommonSenseShow): One morning, Glenn Beck announces he’s going to break the story of “FEMA Camps” and the threat they pose to Americans as we descend into becoming the land of tyranny. However, by that night, Beck does a 180 degree turnaround and denies their existence. Just who got to Beck? Some misguided and very ignorant people will steadfastly deny the existence of any FEMA camps. Yet, there is one FEMA camp whose existence is acknowledged by all where people are held without having been charged, much less convicted of a crime. This FEMA camp prison is so ubiquitous that even the most ardent supporters of George W. Bush and President Obama cannot deny the existence of this FEMA camp where prolonged and indefinite detention, without any due process, represents the new “rule of law” in the United States. And where is this camp located? Camp Delta JTF Guantanamo https://www.thecommonsenseshow.com/siteupload/2014/11/guantanamo.jpg. My sources tell me that the events of 2015 are going to be frightening. However, it is not just my sources, my media colleagues are being told the same by their confidential informants, as well, and the message is uniform. Things are coalescing and are quickly coming to a head. Ebola is the springboard, but not necessarily the end game. Both Paul Martin and John Moore are stepping out in a very prominent manner and publicly revealing what their sources are saying. Yesterday, John Moore released the following: “…Yesterday, (11/3/2014) my source was in the company of a high level (CEO level) oil executive with 50+ years experience in the oil industry. My source was a non-participant in listening to conversation between the oil executive and a third party who also has decades of experience in the oil industry.The topic of the conversation was these two men pondering why none of the US oil refineries had any inventories of crude oil in inventory to be refined into finished product.They had no answer. My source and I pondered this as well. My initial conclusion that this is an attempt to artificially create a shortage to increase prices, I have since rejected. Upon further reflection, I now conclude that the simple answer is the correct answer: They don’t have crude oil because they won’t need crude oil. As it turns out, my source, independent of me, came to the same conclusion. The next step in this matter is: why won’t they be refining oil? In that regard, my source hopes to have a follow-up conversation with the oil executive in the next 48 hours. In a brief 5 minute conversation, just prior to going on the air Sunday night, Paul Martin told me that Ebola is going to be released in a widespread manner and that many of the elite, with prior knowledge, are leaving the country. Two years ago, I had my own brush with these types of revelations as I had a friend retire from FEMA and move to his bug out location. My friend had told me that America was likely to witness bioterror attacks with pathogens that the “the world has never seen”. In the past three days, broadcast colleagues, quoting their sources, are relating very similar stories. Most of these revelation center around citizen roundups and forcible “prolonged” detention in a camp in response to some crisis. Certainly, Ebola provides that backdrop as I have reported on Human Health Services “ambulance contracts” designed to transport Ebola victims and those people exposed to Ebola and transport them to a FEMA camp. I am told that by two of my best and current sources that all options are on the table, but that I am correct in being concerned with mass detentions which they both believe to be a goal that will be a part of whatever comes.






Lyn Leahz (B4IN): WNYT News 13′s Mark Mulholland and his cameraman had a few rather interesting encounters with overly aggressive State correctional officers while trying to do a story on a historic monument, Grant’s Cottage, which is located at the top of Mount McGregor. During the encounters, which were all caught on video, the crew was repeatedly asked to stop filming what appeared to be a closed prison facility in the backdrop. “You are on State property right now. You can’t film here.”, said the officer after pulling up to the news crew on a public roadway in an aggressive manner with his unmarked vehicle. “You are going to leave the mountain now.”, the officer continued, insinuating that the news crew was on the mountain for a “different reason”. After the conflict, the correctional officer, identified only as “Lieutenant Dorn”, radioed to his co-worker to block the roadway with another vehicle as the crew tried to enter the historic monument where the supposed “closed” prison facility. —21st Centure Wire News. Is the USA Preparing For Mass Death and Hysteria? It Certainly Looks That Way! So why did they need to shut down this prison like they did? Were they in a hurry because they needed it for some other ‘Very Important Use’ such as a FEMA camp? Apparently, their statistics which caused them to make the decision weren’t entirely correct, according to the Correctional Officers and Police Benevolent Association. I think, if it is indeed a FEMA camp as suspected, the fact that they moved quickly means something BIG is about to happen! With Ebola, ISIS, and constant discussions of Martial Law and the economic crash, I would not be surprised!






Live Free or Die (B4IN): “Phil from Montana” joins John Moore in this newly released video report to talk about many things, most importantly the ‘United States Navy map of future North America’ which shows our country with its coastline redrawn and the Mississippi River splitting our country in two. Phil shares with us his own experience witnessing this classified map, a map that has gone down in conspiracy theory lore. John Moore calls this interview one of the most important we’ll ever have the opportunity to hear as Phil joins after the 2:15 mark. We learn that the Russians and Chinese already know that our lives are about to change here in America with this huge geological change coming, according to John, in our lifetimes. https://beforeitsnews.com/conspiracy-theories/2014/11/america-ready-to-be-split-in-two-brand-new-john-moore-russia-and-china-know-the-horrible-truth-2466166.html






Luke 13:1 ¶There were present at that season some that told him of the Galilaeans, whose blood Pilate had mingled with their sacrifices.
2 And Jesus answering said unto them, Suppose ye that these Galilaeans were sinners above all the Galilaeans, because they suffered such things?
3 I tell you, Nay: but, except ye repent, ye shall all likewise perish.
4 Or those eighteen, upon whom the tower in Siloam fell, and slew them, think ye that they were sinners above all men that dwelt in Jerusalem?
5 I tell you, Nay: but, except ye repent, ye shall all likewise perish.












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










Harvey's comments on Wednesday price action (basis 1:30 PM EST)










Quote:



Gold: $1145.40 down $22.90
Silver: $15.42 down 51 cents


In the access market 5:15 pm:


Gold $1140.50
Silver $15.35













Tuesday, Nov 4th Gold and Silver Action (basis 1:30 PM EST)


https://harveyorgan.wordpress.com/2014/11/04/nov-4gld-falls-another-2-39-tonnes-to-238-82-tonnesslv-rises-by-1-15-million-ozgold-and-silver-holdmutiny-at-the-ecb/



















Total, Nov (Silver), Dec (Gold, Silver), Jan (Silver) Open Interest










In silver:




Quote:

The fun continues with the silver Comex results. The total OI rose by 644 contracts from 175,819 up to 176,463 despite the fact that silver was down 26 cents. No wonder the raid today. In ounces, this represents a total of 882 million oz or 126.0% of annual global supply. We are now in the non active silver contract month of November and here the OI fell by 8 contracts down to 125. We had 22 notices filed on yesterday so we gained 14 contracts or we have an additional 70,000 oz that will stand for the November contract month. The big December active contract month saw it’s OI fall by a tiny 583 contracts down to 116,253. That is a huge surprise as it should have fallen by at least 4,000 contracts as many paper players roll into the next active delivery month of March. In ounces the December contract is represented by 581 million oz or 83.0% of annual global production (production = 700 million oz – China).





In Gold:




Quote:

The total gold Comex open interest rose by a narrow margin of 1854 contracts from 415,523 up to 417,377 with gold down $1.90 on yesterday. We still are witnessing not too many longs leaving the arena despite the drop in gold price. The next delivery month is November and here the OI actually dropped by 10 contracts. We had 2 delivery notices filed on yesterday so we lost 10 contracts 1000 oz of additional gold ounces will not stand for the November contact delivery month. The big December contract month saw it’s Oi fall by only 822 contracts down to 264,278.





Volume




In Silver:




Quote:

The estimated volume today was humongous at 88,371. The confirmed volume yesterday was excellent at 41,630. We also had 8 notices filed today for 40,000 oz.





In gold:




Quote:

The estimated volume today was very good at 260,844, however it had major help from Bart’s high frequency boys. The confirmed volume yesterday was fair at 142,253. Strangely on this 4th day of notices, we had only 3 notices filed for 300 oz.





Inventory Numbers




In Silver Inventory:




Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz.


We had 0 dealer withdrawals:
Total dealer withdrawal: nil oz.


We had 2 customer withdrawals:
i) Out of Scotia: 60,997.82 oz
ii) Out of CNT: 39,082.87 oz.
Total customer withdrawal: 100,080.69 oz.


We had 1 customer deposit:
ii) Into Brinks: 1,409,598.75 oz
Total customer deposit: 1,409,598.75 oz.


We had 0 adjustments:


Total dealer inventory: 66.140 million oz.


Total of all silver inventory (dealer and customer) 181.185 million oz.





In Gold Inventory:




Quote:

Today, we had 1 dealer transaction:
i) out of Scotia: 5,031.35 oz.
Total dealer withdrawal: 5031.35 oz.


Total dealer deposit: nil oz.


We had 3 customer withdrawals: and again we had these wonderful kilobar transactions
i) Out of HSBC: 127,383.491 oz
ii) Out of Manfra; 96.45 oz (3 kilobars)
iii) Out of Scotia: 3215.00 (100 Kilobars).
Total customer withdrawals : 130,694.941 oz.


We had 2 customer deposits:
i) Out of JPM: 16,075.000 oz 500 kilobars
ii) Out of Scotia: 74,833.985 oz.
Total customer deposits : 90,908.985 oz.


We had 1 adjustment:
i) Out of Scotia: 199.90 oz was adjusted out of the customer and this landed into the dealer account..
Total Dealer inventory: 869,309.361 oz or 27.03 tonnes.


Total gold inventory (dealer and customer) = 8.055 million oz. (250.54) tonnes)


Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 53 tonnes have been net transferred out. We will be watching this closely!





Delivery Notices




In silver:




Quote:

The total number of notices filed today is represented by 3 contracts or 15,000 oz.





In gold:




Quote:

Today, 0 notices was 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 0 contracts of which 3 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped by JPMorgan customer account.





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




In silver:




Quote:

To calculate the number of silver ounces that will stand for delivery in November, we take the total number of notices filed for the month (77) x 5,000 oz to which we add the difference between the total OI for the front month of November(125) minus (the number of notices filed today (3) x 5,000 oz = the total number of silver oz standing so far in November.


Thus: 77 contracts x 5000 oz + (125) OI for the November contract month – 3 (the number of notices filed today) = amount standing or 970,000 oz.


We gained 70,000 oz of silver standing.


It looks like China is still in a holding pattern ready to pounce when needed.









In gold:




Quote:

To calculate the total number of gold ounces standing for the November contract month, we take the total number of notices filed for the month (5) x 100 oz to which we add the difference between the OI for the front month of November (55) – the number of gold notices filed today (3) x 100 oz = the amount of gold oz standing for the November contract month.


Thus the in initial standings:


(5) notices filed today x 100 oz + (55) OI for November – (3) no of notices filed today = 5700 oz (1772 tonnes).


We lost 1000 oz of gold standing for the November contract month.





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 1,464.00, down 1.35%. WTI December crude was 78.89 up 0.01. Brent crude was 82.95 up 0.79. The spread between Brent and WTI was 4.06 up 0.78. The 30 year US Treasury bond was up 0.0200 at 3.0700. The 10 year T-Note was up 0.0100 at 2.3500. The dollar was up 0.39 at 87.42. The PPT/Dow was 17484.53 up 617.02. Silver closed at 15.32 down 0.71. The GSR was 74.4125 up 1.5366 oz of silver per oz of gold. CIA's Facebook was 74.83 down 0.93 (1.23%). December wheat was down 5.75 at 524.750. December corn was up 5.75 at 370.25. December lean hogs were down 1.725 at 87.125. January feeder cattle were up 0.400 at 230.200. December copper was down 0.058 at 3.008. December natural gas was up 0.148 at 4.194. January coal was up 0.20 at 53.68.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:

https://harveyorgan.wordpress.com/2014/11/04/nov-4gld-falls-another-2-39-tonnes-to-238-82-tonnesslv-rises-by-1-15-million-ozgold-and-silver-holdmutiny-at-the-ecb/




Goooood day!




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

Thu, Nov 6, 2014 - 9:26pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 6 Nov 2014

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










News and Commentary






Mark O'Byrne (GoldCore): The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent weeks. The sharp price falls in recent days has led to even greater demand and concerns about supply and rising bullion premiums. Now the U.S. Mint is sold out and the Canadian Mint is rationing supplies. This comes at a time when silver is being hammered in the futures market by entities who are selling enormous volumes of gold and silver futures. They are using leverage and are engaged in a form of naked short selling that is pushing the spot prices for physical delivery lower. By forcing the price down so dramatically they cause those parties who speculate on a higher price in the precious metals futures markets to capitulate. They also cause some physical owners, weak hands who are nervous regarding gold and silver prices, to sell. Often at the worst times. It also has the effect of dampening spirits in the precious metal markets and creating very negative sentiment. Sentiment is as poor as we have ever seen it regarding gold and silver amongst many analysts especially in banks, the media and the public. However, there is a huge dichotomy as sentiment amongst the hard asset community or those who understand the importance of gold and silver as stores of value is very positive and they are the ones who are accumulating again on this price dip. Bullion dealers across the western world have been reporting shortages in silver bullion coins and bars. Yesterday the U.S. Mint who, heretofore had not reported any issues regarding supply, announced that they had been cleared out of their entire remaining inventory of 2014 silver eagle coins. With two months still remaining in the year their stock was cleared out yesterday when dealers, desperate to meet exploding retail demand,bought two million silver eagle coins in only two hours. So why is demand so robust at a time when the market action suggests that silver is not a desirable asset to own? The ratio between the price of gold and the price of silver is now at around 74:1. The historical average has been roughly 15:1. Were this mean to be reverted to again, the price of silver would need to rise to around $76 even at these depressed gold prices. After six years of talk of recovery many people in the west have grown distrustful of the ability and will of their leaders to effect positive change for ordinary people and fear another crisis is imminent. They are taking matters into their own hands by becoming "their own central bank" as Doctor Marc Faber puts it.










Ted Butler (Butler Research): A few words on the brutal two-day sell off [last Thursday and Friday] and what I have read as to its cause - basically Thursday's decline was due to the Fed's ending of Q.E. and Friday's decline was due to Japan's acceleration of monetary ease. I don't mean to be disrespectful of others' opinions, but those explanations were contradictory and nonsensical. Let me see if I can't back up my assertion. Gold and silver declined sharply for one reason only - technical fund selling on the Comex. Of course, we'll have to wait until [this Friday's] Commitments of Traders Report (COT) for confirmation; but there has been massive technical fund selling on every price decline in gold and silver for months and years. In fact, there never has been a significant decline in the price of gold or silver without technical fund selling (and commercial buying). Based upon history and the basics of how technical funds operate - selling on price declines and buying on rallies - and considering that new multi-year price lows are the strongest sell signal possible for technical funds, there is little question that the technical funds (in the Managed Money category of the report) were the big sellers last Thursday and Friday.














Harvey: Even though gold and silver was down today, the equity shares were up considerably. The gold Comex today had a poor delivery day, registering 4 notices served for 400 oz. Silver registered 35 notices for 175,000 oz. A few months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 250.47 tonnes for a loss of 53 tonnes over that period. I am deeply concerned that most of the gold that enters as a deposit at the Comex are of the kilobar variety i.e. exact multiples of 32.15 oz. We have had again many transactions of this type at the Comex. In silver, the open interest contracted a bit due to the huge raid but it still remains extremely high and today at 170,139 contracts. The December silver OI lowered to 109,395 which is as expected due to the raid. Today, we had a huge withdrawal of gold Inventory at the GLD of 2.99 tonnes/ inventory rests tonight at 732.83 tonnes. In silver, the SLV inventory remained constant tonight. SLV’s inventory rests tonight at 343.450 million oz. GOFO is negative and decreasing. DS: Not only is backwardation in PMs impossible without market manipulation, negative GOFO was connected to increasing metals prices till TF exposed it. Now negative interest rates (backwardation) is correlated with sharply declining prices. To me, that correlation is a strong indicator that the GOFO is manipulated as well as the PM prices.










Chris Powell (GATA): Pressed by Eric King of King World News, Lassonde acknowledged that, as Hong Kong fund manager William Kaye had told KWN a little earlier, the Bank for International Settlements very well might be pushing the gold market around. “It would not be the first time that we’ve seen this and it won’t be the last time either.” Lassonde told KWN. “There is obviously an entity or trading house who must have a short position and they are using the paper gold market to move the price.” Things must have gotten beyond obvious. What’s next? Anarchist Doug Casey retracting his claim that central banks are irrelevant? Commodity leter writer Dennis Gartman’s deciding to care about market manipulation, or about anything?










Matthew Boesler and Michael McKee (Bloomberg News): Senate Republicans should resist the temptation to erode Federal Reserve independence after victory in mid-term elections, Dallas Fed President Richard Fisher said. “Think about this: Here’s a Congress that can’t even get its own budget together. Do you want them running the central bank?” Fisher, a former deputy U.S. trade representative under President Bill Clinton, said today in an interview on Bloomberg Television. Republicans who already run the House won command of the Senate yesterday and will take charge of the Senate Banking Committee, which oversees the U.S. central bank, when the next Congress convenes in January. Lawmakers have sponsored several bills that propose changes in the way the Fed conducts monetary policy and would subject the institution to greater congressional scrutiny.






Chris Powell (GATA): Gold and silver are in backwardation, Hong Kong fund manager William Kaye said today, which is “typical of what you see when there is overt manipulation.” Kaye attributes the situation to “an awful lot of paper gold intentionally dumped in a programmed algorithm … most likely by the Bank for International Settlements.”




Koos Jansen (IGWT): Reuters reporting on weak Chinese gold demand while SGE withdrawals have been sky high in recent weeks, reminded me of an older article from Reuters. From September 12, 2014: India’s love affair with gold may be over, as prices slide. Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family’s traditional investment. This year Salunkhe has deposited his hard-earned savings at the bank for the first time in a decade…Nowadays it is risky to keep jewellery. Burglaries are rising,” he said. “With a fixed deposit there is no risk.” That’s right, Reuters’ headline literally stated “India’s love affair with gold may be over”, because Kiran Laxman Salunkhe, a young farmer, stopped buying gold. India’s population is over 1.2 billion people and I’m not so sure if they all stopped buying gold in September to open up a bank account. Recently India’s custom department came out with the gold import numbers from September (when Kiran Laxman Salunkhe stopped buying gold). India officially imported, excluding smuggling, 94 tonnes of gold, which was the strongest month since June 2013. The indians imported this much gold despite the 10% import duty. Of course India’s love for gold is part of their culture and is engraved into the DNA of the Indian population. Reuters’ headline and article in itself were ridiculous. The fact that India actually imported more gold in September than they had over a year makes the article completely incorrect. Can it be Chinese gold demand is currently very strong, despite the fact the WSJ quotes a leading Hong Kong-based executive with an international bank, who didn’t want to be identified, stating: “The physical buying in gold has dried up”? Yes it can.




Zero Hedge: Over the past week there has been a massive shortage of precious metals – most notably silver which as of this moment is indefinitely unavailable at the US Mint - as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer’s much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001! Said otherwise, the physical shortage is the worst it has been in over a decade, even as the price of paper gold continues to drop! Unpleasant similarities with Libor and most other fixed (literally and metaphorically) rates aside, what is known is that under normal market conditions, GOFO is always positive, or in other words gold serves as a money-equivalent collateral for a pseudo-secured loan against paper fiat (USD in this case) hence the low interest rate. Sometimes, however, normality inverts and the rate goes negative and as such serves as a useful indicator of gold market dislocations. Thus, while disagreements exists, one can safely say that what GOFO is, is simply a blended indicator of liquidity, counterparty or collateral (physical availability) stress in the gold market. Since it is next to impossible to isolate just which component is causing the indicated disturbance, it is prudent to be on watch for all three.




Bill Holter (Miles Franklin): Why would China want to buy into US banks now if she thinks the U.S. is a bankrupt entity which she surely must? Could this only be a “toe hold” or an avenue to picking up the pieces later and profiting while doing so? Yes, probably. Is this a way to be able to look inside our banks to see how bad it really is? Again, probably. Remember, with any “percentage” stake comes the ability to be represented on the board of directors. Is this a way to put a “spy” on the inside, in plain sight and legally? I think yes. Also remember, the way to “control” the masses throughout time has been to control the currency and the banks. Owning large swaths of the U.S. banking industry in the future can only lead to knowledge, eventual profits and at least some control on our home turf. On the other hand, why would the Federal Reserve a llow China into our banking system? Off the top of my head, maybe because the banks need the capital? Or worse, maybe China has told the Federal Reserve to “do it or else”? The “or else” part could be anything at this point. If China still owns all of the Treasury debt claimed by the Fed as custodian, maybe they are threatening to dump? Maybe they are threatening to upset the gold, silver or any multitude of commodity markets? …which of course would knock the legs out from under the dollar itself. If you recall, it was about 10 years ago when China wanted to buy out Unocal and were rebuffed for “national security” reasons, why would the Fed agree to this…now? As I mentioned, one of the reasons may be because “we” collectively need the capital. I say “collectively” because even though we are told our economy is growing, it is not growing in real terms, only nominal terms because of inflation. The economy is not generating enough income (savings) for future growth. We are and have been eating our seed corn rather than saving. The Fed has “printed” money to sustain and “prolong” the economy but this is not real capital. It is liquidity only rather than real hard capital (unencumbered) for future use, let me explain just a little. You see, when the Fed injects dollars into the system it boosts the amount of dollars outstanding …but, eventually those dollars must be paid off. It is like borrowing money from your credit card to start a business that only breaks even …the day will eventually come when the credit card must be paid off but the asset (your business) never really grew and really wasn’t worth enough to pay off the debt. Maybe the Fed realizes their “assets” are not worth nearly what they originally paid and their “true” leverage ratio is who knows, 200-1? You see, the Fed took all of the crappy assets on to their books from the banks so the market participants would never see “trade prices” of .40 cents on the dollar… .20 cents on the dollar or even worse. Maybe the Fed threw Bernanke’s 1, 2, 3 punch (QE’s) and we didn’t get the hoped for reflation? Maybe this is only the Fed screaming “help”?




Zero Hedge: Riot police clashed with demonstrators in the Belgian capital of Brussels on Thursday amid a massive protest against government plans to reform the country’s welfare system. This comes on the heels of violent French, Italian, and Spanish youth protests in recent weeks as the citizens of the non-Germanic European Union decry the ‘austerity’ they have been crushed by. What is odd, though, is externally, there has been ‘no’ austerity with debt loads rising for all these nations and debt/GDP at record highs for most. So where is the disconnect between a people under increasing financial pressure and a sovereign issuing more and more debt at will? The Telegraph has the stunning answer: an audit, published this morning, found that £109 billion out of a total of £117 billion spent by the EU in 2013 was “affected by material error”. Brussels accounts have not been given the all clear for 19 years running. In other words, Brussels ‘embezzles’ billions of euros per year, and blames it on austerity. Is it any wonder, Europe is burning? DS: I doubt, if the truth was known, that the situation is any better in the US. When Acorn get a billion dollars for political action, you know there have to massive leaks in the system.




Challenger Report (via Zero Hedge): Maybe this explains the election results? Challenger reports US companies laid off over 51,000 people in October, the most since May (and 2nd most since Feb 2013). This is a 68% surge MoM (and 11.9% rise YoY) – the biggest monthly rise since September 2011. Retail, Computer, and Pharma industries saw the biggest layoffs. Hiring also collapsed from the record 567,705 exuberance in September to just 147,935 in October. This was the worst October for layoffs since 2009 and the worst rise in layoffs in 3 years.






This Will Not End Well (In The Short Term)






Dave Hodges: There is an ongoing conspiracy between the money interests behind the mainstream media, the Department of Defense (DoD) and several intelligence agencies which are working together to falsely and artificially inflate the numbers of the mainstream media (i.e. Hannity) and whose purpose it is to obfuscate the true Internet ratings of the alternative media and even block traffic to alternative media sites (e.g. Steve Quayle, Doug Hagmann, Dave Hodges, et al). Google, Yahoo, Bing, the Internet rating site of Alexa and a plethora of other website controlling “traffic cops” are conspiring to lessen the influence of the alternative media. The six corporations that control 98% of the media determine, in large part, what you see, hear and think. They are not about to let an upstart media group change their stranglehold over their control over of the public and their perceptions. Steve Quayle was recently sent a memo from a high ranking military officer which addresses this topic. According to Quayle, the source is completely reliable and he verbalized the fact that Steve Quayle, Dave Hodges (The Common Sense Show) and Doug and Joe Hagmann (The Hagmann and Hagmann Report radio show) are being blocked by the DoD. Further, a certain percentage of direct and Google based web traffic to these websites are being blocked from being able to access these sites according to other sources as well. Google operates off of an algorithm which is presently limiting searches on the topics of “Obama, Ebola, Military firings…” according to Quayle’s source. Steve Quayle’s military source went on to say that this is not an outright ban (that would be too obvious), but that “This has happened with greater frequency and is about half of the articles you post”. Globalists such as Soros and Brzezinski have bemoaned the fact that the public is waking up. This begs a couple of questions. First, what percentage does Hagmann, Quayle, Hodges, Before Its News, et al. have to reach before their collective efforts will totally consume the country? The answer according to most sociologists and marketing experts is about 10% and when that number is reached exponential growth takes place. We are almost there. The second question has to do with how long will the purveyors of the status quo of the New World Order continue to allow this unchecked growth, which threatens to greatly lessen their power and influence? The answer to the question is, not much longer.










Devon Douglas-Bowers (Sheep Media): The debtors’ prison is an old, decrepit institution that many thought was abolished in the 19th century, something little more than a relic of the past. This is a problematic view for two reasons. One, debtors’ prisons are rarely explored in the classroom or the larger society. And two, these prisons are making a serious comeback in the United States, which is deeply problematic for the poor and working class. More and more people around the country are getting sent to debtors’ prisons, but exactly how does it happen? According to National Public Radio, companies that people owe money usually sell off the debt to a collection agency, which in turn “files a lawsuit against the debtor requiring a court appearance. A notice to appear in court is supposed to be given to the debtor. If they fail to show up, a warrant is issued for their arrest.” In some cases, judges “don’t even know debtors’ rights, which could result in the debtor being intimidated into a pay agreement,” making an already bad situation worse. News coverage about the rise of debtors’ prisons has been picking up steam, especially in regards to judges imprisoning people for their debts. In 2000, The New York Times reported that a small town judge in Arizona was accused in a lawsuit of having “turned the local jail into a debtors’ prison, repeatedly jailing poor laborers who were unable to settle debts with local property owners.” In 2009, CBS reported that a judge in southern Indiana threatened one Herman Button, who owed $1,800 to a former landlord but had no income beyond Social Security, with contempt and imprisonment if he didn’t pay. The reinstatement of debtors’ prisons has a serious impact on the poor and unemployed who can even be sent to prison for nonpayment of regular bills, due to the fact that “a creditor can petition a court to issue a summons for nonpayment of a bill. If you fail to appear, for one reason or another – and life gets pretty disorganized when you lose your job and possibly your home – then you’re in contempt of court. Next stop, jail.” DS: And student loan debt is not dischargeable even by bankruptcy.










Brandon Smith (Alt-Market): At the end of 2013, I predicted the Fed would indeed follow through with the taper of QE3, and that they would drastically reduce stimulus measures. I believe this is in preparation for a major implosion of U.S. markets in particular. The whole point of the taper is to support the illusion that the U.S. economy has recovered, and that the Fed has “accomplished its mission”. When a crash does take place, I think it will be ALLOWED to move freely and that new QE intervention will not be taken. I have no doubt this crash will be blamed on an outside force or act of fate (the ebola outbreak, which is doubling in cases every three weeks, is a perfect possible catalyst), and that banks will be absolved of all blame in the mainstream. A coming crash is not only my personal view. It is important to note that behind the background noise of the recovery party, international bankers are sending a very different message about economic health. On the same day as the Federal Reserve announced the end of QE3, former chairman Alan Greenspan gave a speech to the Council On Foreign Relations in which he lamented that the QE unwind would be painful, that stimulus measures had not achieved their goals in the past, and that gold might be a good investment today. The International Monetary Fund and the ECB also released statements warning that “accommodative stimulus policies” could contribute to economic volatility. That is to say, stimulus might be setting the stage for fiscal instability. The IMF claims that “bold action” is required to “reset” the global system. And, the ever present overlords at the Bank Of International Settlements have posted a stark warning about our financial future, predicting a “violent reversal” in markets. The last time the BIS made such a prediction was in the summer of 2007, just before the derivatives crash. But this is the M.O. of the central banks, to warn of coming calamity just before the event, but not long enough before the event to make any difference. They present themselves as prognosticators of economic future, but in reality, they are the instigators of every disaster they predict. I do not know how the markets will react to the likely landslide "victory" by Republicans in mid-term elections (can one ever be "victorious" in a rigged contest?), but what I do know is that a Republican majority offers an even greater opportunity for further collapse. Negative movements in markets that have been obstructed through manipulation can now be unleashed and then blamed on "government gridlock", or the inability of conservatives to "compromise" fiscally. A Republican shift in government only offers more cover for a collapse that is slated to occur regardless. I believe that the admissions of financial danger by internationalists, the sharp drop in stocks at the beginning of fall, the reversal of the political theater, and the fact that mainstream investors now recognize the illegitimacy of the markets yet continue with the scam anyway, signals the last gasp of the global economy. I expect increasing market instability from this point on, as well as numerous geopolitical distractions which will be blamed for the fiscal chaos. I have left out my explanation of the final end game so that I can cover it more fully in my next article. Needless to say, the coming storm is a deliberately engineered one, meant to achieve very specific goals, including a fearful and panicked populace, easy to manipulate as the system goes off the rails for the last time.

















John Little (OmegaShock.com): Early this year, Saudi Intelligence service involvement had gotten so obvious and so awful that the Saudi King had to publicly remove the head of Saudi Intelligence, Prince Bandar bin Sultan. But, when John Kerry went to the Saudi King to beg for Saudi involvement in the US air campaign against ISIS…wanna guess who was there? Right. Our boy, Bandar. And, I saw something yesterday that had Prince Bandar’s fingerprints all over it: Western Security Services May Be Turning IS Militants on Russia: Ex-Intelligence Officer -- https://en.ria.ru/military_news/20141105/195143477/Western-Security-Serv... I picked that up from Steve Quayle’s website, and I wasn’t surprised by what I read. My only real surprise was that the writer wasn’t blaming the hands that pull the strings behind America’s war policy. Saudi Arabia is the reason why ISIS has been so successful. They provided the money, the training and the weapons. And, they also provided an experienced cadre of Chechen fighters to create the backbone for ISIS operations. The Chechen rebels are the most brutal and sadistic fighters in the world, and when I heard that they were involved with ISIS, I knew who and what was involved. The Saudis hate the Russians and have been a thorn in their side for decades. The Saudis are responsible for all of the trouble that the Russians have had with the Chechen rebels, and they weren’t afraid to admit it. I don’t think that it was a mystery to the Russians, either. But, I was certainly surprised to hear Prince Bandar wave that information about like a red flag in front of ex-KGB Colonel, Vladimir Vladimirovich Putin. But, let’s not forget something else that’s happening. Did you notice that the price of crude oil has dropped rather dramatically? Did you notice who instigated that drop? Right. Saudi Arabia. Many have speculated that the Saudis did that to shut down the shale oil boom in the US, and Saudi efforts will have certainly hastened the demise of domestic US oil production. But, the Saudis can read a balance sheet like anyone else. And, they could certainly tell that the shale oil and gas boom was doomed from the start, so they didn’t need to kill what was already dying. No. They had bigger fish to fry. Like Russia. Here’s a bit of evidence, if you need some: Oil slump leaves Russia even weaker than decaying Soviet Union https://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11181... Here’s a quote from that article: Russian ex-premier Yegor Gaidar famously dated the moment to September 1985, when Saudi Arabia stopped trying to defend the crude market, cranking up output instead. “The Soviet Union lost $20bn per year, money without which the country simply could not survive,” he wrote. Among other things, it was the Saudi decision to reduce the price of oil that finally did in the USSR, and the Saudis are hoping to do the same to Russia. I find it very convenient that the Saudis chose this moment in time to spearhead a fall in the price of oil. Oh, and did you notice all the news about those textbooks that teach Islam to your kids? Did you know who produces those textbooks? That’s right, Saudi Arabia. They hand them out for free to cash-strapped American Public Schools – which is all of them. Angry pushback against Islam in public school textbooks continues to take the country by storm
https://www.barenakedislam.com/2013/12/23/angry-pushback-against-islam-i... The point is that the smell of war is in the air, and it’s a rotten, evil thing. And, the people at the center of it are the global elites…and Saudi Arabia. I truly hope that you’ll be ready for this








Psalms 139:7 ¶Whither shall I go from thy Spirit? Or whither shall I flee from thy presence?
8 If I ascend up into heaven, thou art there: If I make my bed in Sheol, behold, thou art there.
9 If I take the wings of the morning, And dwell in the uttermost parts of the sea;
10 Even there shall thy hand lead me, And thy right hand shall hold me.
11 If I say, Surely the darkness shall overwhelm me, And the light about me shall be night;
12 Even the darkness hideth not from thee, But the night shineth as the day: The darkness and the light are both alike to thee.
13 For thou didst form my inward parts: Thou didst cover me in my mother's womb.
14 I will give thanks unto thee; For I am fearfully and wonderfully made: Wonderful are thy works; And that my soul knoweth right well.














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










Quote:



Gold: $1142.30 down $3.10
Silver: $15.39 down 3 cents


In the access market 5:15 pm




Gold $1141.00
Silver $15.41













Wednesday, Nov 5th Gold and Silver Action (basis 1:30 PM EST)


https://www.silverdoctors.com/harvey-organs-gold-silver-update-we-are-mo...




















Total, Nov (Silver), Dec (Gold, Silver), Jan (Silver) Open Interest










In silver:




Quote:

And now for the silver Comex results. The total OI fell by 6324 contracts from 176,8463 down to 170,139 as silver was down 51 cents yesterday. No wonder the raid yesterday as the bankers had some success in removing some of the longs. In ounces, this represents a total of 850 million oz or 121.0% of annual global supply. We are now in the non active silver contract month of November and here the OI actually rose by 10 contracts up to 135. We had 8 notices filed on yesterday so we gained 18 contracts or we have an additional 90,000 oz that will stand for the November contract month. The big December active contract month saw it’s OI fall by 6,858 contracts down to 109,395. In ounces the December contract is represented by 547 million oz or 78.1% of annual global production (production = 700 million oz – China).





In Gold:




Quote:

The total gold Comex open interest rose by a wide margin of 3101 contracts from 417,377 down to 414,276 with gold down $22.90 yesterday. The raid had a small success to our criminal bankers as some of the fluff left the gold arena. The next delivery month is November and here the OI actually rose by 1 contracts We had 3 delivery notices filed on yesterday so we gained 4 contracts 400 oz of additional gold ounces will stand for the November contact delivery month. The big December contract month saw it’s Oi fall by 9,912 contracts down to 254,366.





Volume




In Silver:




Quote:

The estimated volume today was very good at 46,326. The confirmed volume yesterday was excellent at 99,327. We also had 35 notices filed today for 175,000 oz.





In gold:




Quote:

The estimated volume today was good at 174,679. The confirmed volume yesterday was very good at 290,956.. Strangely on this 5th day of notices, we had only 4 notices filed for 400 oz.





Inventory Numbers




In Silver Inventory:




Quote:

Today, we had 0 deposits into the dealer account:
Total dealer deposit: nil oz.


We had 0 dealer withdrawal:
Total dealer withdrawal: nil oz.


We had 2 customer withdrawals:
i)Out of Delaware: 337,920.949 oz
ii) Out of HSBC: 600,036.160 oz.
Total customer withdrawal 937,957.109 oz.


We had 0 customer deposits:
Total customer deposits: nil oz.


We had 0 adjustments.
Total dealer inventory: 66.140 million oz.
Total of all silver inventory (dealer and customer) 180.217 million oz.





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions.
Total dealer withdrawal: nil oz.
Total dealer deposit: nil oz.


We had 2 customer withdrawals: and again we had these wonderful kilobar transactions
i) Out of HSBC: 50,147.98 oz
ii) Out of Manfra; 96.45 oz (3 kilobars).
Total customer withdrawals : 560,244.43 oz.


We had 1 customer deposit:
i) Into Scotia: 47,104.71 oz.
Total customer deposit: 47,104.71 o oz.


We had 0 adjustments:
Total Dealer inventory: 869,309.361 oz or 27.03 tonnes.
Total gold inventory (dealer and customer) = 8.052 million oz. (250.47) tonnes)


Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 53 tonnes have been net transferred out. We will be watching this closely!





Delivery Notices




In silver:




Quote:

The total number of notices filed today is represented by 35 contracts or 175,000 oz.





In gold:




Quote:

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 4 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped by JPMorgan customer account.





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: https://www.investmenttools.com/futures/metals/Base_Metals_Inventory_Lon...




In silver:




Quote:

To calculate the number of silver ounces that will stand for delivery in November, we take the total number of notices filed for the month (112) x 5,000 oz to which we add the difference between the total OI for the front month of November(135) minus the number of notices filed today (35) x 5,000 oz = the total number of silver oz standing so far in November.


Thus: 112 contracts x 5000 oz + (135) OI for the November contract month – 35 (the number of notices filed today) = amount standing or 1,060,000 oz.


We gained 90,000 oz of silver standing.


It looks like China is still in a holding pattern ready to pounce when needed.





In gold:




Quote:

To calculate the total number of gold ounces standing for the November contract month, we take the total number of notices filed for the month (9) x 100 oz to which we add the difference between the OI for the front month of November (56) – the number of gold notices filed today (4) x 100 oz = the amount of gold oz standing for the November contract month.


Thus the in initial standings:


(9) notices filed today x 100 oz + (56) OI for November – (4) no of notices filed today = 6100 oz (.1897 tonnes).


We gained 400 oz of gold standing for the November contract month.





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Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 1,464.00, down 1.35%. WTI December crude was 77.93 down 0.96. Brent crude was 82.80 down 0.15. The spread between Brent and WTI was 4.87 up 0.81. The 30 year US Treasury bond was up 0.0200 at 3.0900. The 10 year T-Note was up 0.0300 at 2.3800. The dollar was up 0.67 at 88.09. The PPT/Dow was 17554.47 up 69.94. Silver closed at 15.43 up 0.11. The GSR was 73.9598 down 0.4527 oz of silver per oz of gold. CIA's Facebook was 75.26 up 0.43 (0.57%). December wheat was down 4.50 at 520.250. December corn was up 1.00 at 371.25. December lean hogs were up 0.000 at 87.125. January feeder cattle were up 0.000 at 230.200. December copper was down 0.001 at 3.008. December natural gas was up 0.000 at 4.194. January coal was up 0.29 at 53.97.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog https://www.silverdoctors.com/harvey-organs-gold-silver-update-we-are-mo....




Goooood day!




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