Harvey Organ Should Be An Interesting Read Today

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Wed, Dec 31, 2014 - 7:42am
heyJoe
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DayStar, Happy New Year!

Greatly appreciate your efforts and looking forward to 2015.

Wed, Dec 31, 2014 - 10:06pm
DayStar
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~~Harvey 31 Dec 2014

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

Well, this is it. 2015 is about to begin, and for some of you reading this, it already has. I dread what's ahead, but there is no escaping it. Seek the Lord and serve Him. It is your best hope. God help us through what is to come.








News and Commentary


Mark O'Byrne (GoldCore): Dr Marc Faber, respected economic historian and author of the respected monthly newsletter, the ‘Gloom, Boom and Doom Report’, has warned that 2015 is set to be very volatile, urged international diversification and owning “physical precious metals stored outside the U.S.” Faber fails to recommend a single U.S. stock in 2015 and when asked whether recent events in Greece were a buy or sell signal, Faber began by pointing out that persistent intervention by central banks into markets had made making predictions far more complicated. Some commodities have soared in the last six months, wheat has doubled, while the price of oil and natural gas had collapsed indicating great volatility. Forecasters surveyed by Bloomberg had been consistently bearish on bonds for years, until this year since treasuries outperformed the S&P in 2014. Hedge funds generally only generated returns of around 1%. In light of these discrepancies and central-bank induced distortions to the market, Faber emphasises the need for real diversification. Dr. Faber was then challenged on his forecasts from 2008 where he referred to the dollar as toilet paper and denounced quantitative easing. “Now if we stuck with that view”, the interviewer asked, “where would we be today with the S&P 500 trading north of 2000 and ten year yields, as you pointed out at 220?” Faber responded with a laugh “Yes, the toilet paper status is still ahead of us……for all paper currencies – not just the U.S. dollar.” When asked directly which U.S. equities he would own, “what specific companies would you own in the U.S.?” – he declined to give a single recommendation. Instead he signalled that Americans should be getting their wealth out of the U.S. and into gold stored abroad. He sagely and pointedly added: “I have to say that sentiment about precious metals is incredibly negative and all these “experts” are predicting the gold price to drop to $700. Well, understand, these are experts that never owned a single ounce of gold in their lives!” “So they missed the five fold increase since 1999! But they all know that the price of gold will go to $800, they write about it with a lot of authority.”










Zero Hedge: While the last trading day of 2014 will be important if only to see if Dow 18,000 can be recaptured on what is sure to be the lowest volume in years, don’t expect much help from Brent which continues to slide and was down nearly 3% at $56.20 or WTI which is also flirting with the $53 level, down almost 2% overnight both set to cap the worst year for the commodity since 2008. Not much should be expected from Treasuries either, set to return over 6% in 2014 – the best performance since 2011 – crushing the latest hoard of bond shorts all of which got the Treasury move in 2014 epically wrong, which will close early at 2 pm. Which means that the HFT algos will once again be driven off the illiquid USDJPY correlation, where low volume will mean 5-10 pip moves today should be the norm, as well as European stocks, whose Stoxx Europe 600 Index rose 0.3% earlier on the latest round of jawboning by an ECB member, this time Dutchman Peter Praet, who said in an interview with German newspaper, Boersen-Zeitung, that lower oil prices increasingly risk de-anchoring inflation expectations, indicating that quantitative easing is becoming more likely.




Tyler Durden: With Steel output down 3.4% YoY (worst in over 2 years) and Cement output down 4% YoY (worst in 7 years) it should not be entirely surprising that the Final December HSBC Manufacturing PMI for China slumped to a contraction-implied 49.6 (a small blip up from the 49.5 preliminary print) and down from 50.0 in the previous month. This is the first contraction since April 2014 after the credit-impulse of Q2 comes back to bit in the hangover. New orders fell for the first time since April but the employment sub-index contracted again for the 14th months in a row. Market reaction is modest for now, China stocks lower and USDJPY fading.




Andrew Critchlow (UKTelegraph): Third of listed UK oil and gas drillers face bankruptcy. A third of Britain’s listed oil and gas companies are in danger of running out of working capital and even going bankrupt amid a slump in the value of crude, according to new research. Financial risk management group Company Watch believes that 70pc of the UK’s publicly listed oil exploration and production companies are now unprofitable, racking up significant losses in the region of £1.8bn. Such is the extent of the financial pressure now bearing down on highly leveraged drillers in the UK that Company Watch estimates that a third of the 126 quoted oil and gas companies on AIM and the London Stock Exchange are generating no revenues. Losses are expected to go much deeper among privately-owned oil and gas explorers, which traditionally have more debt. Company Watch has warned that almost 90pc of the drillers in the UK are loss making with accounts that show a £12bn accumulated black hole in their finances.




Zero Hedge: Citi estimates that currently there is about 200-k b/d of export capacity (including dedicated tanks and docking space), but this could be expanded to 500-k b/d by mid-year and 1-m b/d by the end of 2015. The timing of the new FAQs is exquisite. US producers are under the gun to reduce capital expenditures given lower prices. One critical factor impacting production economics, especially in the Eagle Ford, is the exportability of ultralight crude oil. Now an export route provides a new lease on life that can further weaken crude oil markets and throw a monkey wrench into recent Saudi plans to cripple US production. Another FAQ clarifies what makes it possible to re-export Canadian crude oil, making clear that minimal co-mingling with US crude is acceptable. Beyond this, blending Canadian crude or Mexican Mayan with processed condensate spells competition for Middle East producers and Russia in European and other markets. It is almost certainly the case that today’s clarification was not meant to be a change in policy, but others in the market may well come to a different conclusion.








Harvey: It seems that the entire world knew that the bankers were going to raid gold and silver. The bankers lowered the price of gold below 1200 dollars which would give 2014 a losing year for it. Silver went down in price, in sympathy with gold today. Silver’s closing price on Dec 31/2013 was $19.58. The gold Comex today had a poor delivery day, for the first day notice for the January contract month registering 2 notices served for 200 oz. Silver Comex registered 12 notices for 60,000 oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 245.58 tonnes for a loss of 57 tonnes over that period. In silver, the open interest fell by 440 contracts despite Tuesday’s silver price rise of 47 cents. Short covering was again the attempted object of the exercise. The total silver OI still remains relatively high with today’s reading at 149,594 contracts. The big December silver OI contract is now off the board. In gold we had a huge increase in OI with the rise in price of gold yesterday to the tune of $18.50. The total Comex gold OI rests tonight at 373,982 for a gain of 5083 contracts. The December gold contract is now off the board. We had another loss of 1.79 tonnes of gold inventory from the GLD. Inventory is now at 709.02 tonnes. There was a small loss of 574,000 oz of silver inventory. SLV’s inventory rests tonight at 329.564 million oz. GOFO was negative but increasing.




Zero Hedge: While the Santa-rallying markets have been suspiciously sanguine in the aftermath of the failed Greek presidential election on Monday and the ad hoc vote scheduled for late January which could – if left unchecked – lead to an unraveling of the Greek bailout and the expulsion of Greece from the Eurozone, events are now in motion that would end with the unwind of the world’s biggest and most artificial currency and political union. In fact, the bond market is already starting to sniff out what the next, and well-known, source of contagion may be, when earlier today the probability of a Greek default jumped and, now suggest a 66% probability of default.


Andrew Cawthorne and Diego Ore (Reuters): Venezuela entered a recession in 2014, with the economy shrinking in the first three quarters, the Central Bank said on Tuesday, blaming political opponents for the dismal figures. In a statement, the bank said GDP contracted 4.8 percent in the first quarter, versus the same period of last year, then it fell a further 4.9 percent in the second quarter and shrank 2.3 percent in the third quarter. The statement added that 12-month inflation, which is the highest in the Americas, reached 63.6 percent in November. The central bank statement, confirming an economic contraction widely forecast by analysts, came just before President Nicolas Maduro was about to start a news conference in which he was expected to announce economic changes. Venezuela’s socialist government blames political opponents, who protested in the streets for four months earlier this year, for damaging the South American OPEC nation’s economy. The protests resulted in violence that killed 43 people.
































This Will Not End Well (In The Short Term)










Michal Snyder (EndOfTheAmericanDream): The following are 12 disasters that could bring about the end of the world as we know it: 12. A GIANT ELECTROMAGNETIC PULSE FROM THE SUN. This last one that I have added to the list is one of the least understood. A giant electromagnetic pulse from the sun has the potential to fry much of the technology that we have become so dependent upon. How would you survive in a world where nobody has electricity, the Internet has been fried, the financial system is offline indefinitely, nobody can make any phone calls and virtually all commerce across the entire country has been brought to a complete standstill? A massive EMP blast has the potential to send all of us back to the 18th century in a single instant. And just two years ago there was a “near miss” that almost got us. So don’t think that it can’t happen. In fact, experts tell us that it is only a matter of time before it does. And when it does happen, it could turn our society totally upside down. According to Peter Vincent Pry, who advises Congress on homeland security issues, a large enough geomagnetic solar storm could produce effects similar to an electromagnetic pulse (EMP) generated by a nuclear weapon that “could collapse power grids everywhere on the planet and destroy EHV (extra high voltage) transformers and other electronic systems that would require years to repair or replace.” While the danger posed by a G5 solar storm gets mentioned occasionally at Congressional hearings, there really hasn’t been any major action. Earlier this year, a Homeland Security adviser said America is not ready for an EMP attack, never mind a G5 solar storm, and it’s claimed that the U.S. power grid fails more often than any other in the world. If a large enough solar storm does impact the United States, the damaged electronic systems can cause a cascade of failures throughout the broader infrastructure, including banking systems, energy systems, transportation systems, food production and delivery systems, water systems, emergency services, and even the internet, so people may not even realize at first what has happened. Effectively, the U.S. would be thrown back to the pre-industrial age following a solar superstorm, and yet we are not prepared for the worst.










Jonathan Cahn, author of "The Harbinger: Cahn speaks to us about how the Shmita refers to a 7 year cycle which offers blessing to those that adhere to the word of God but for those that have turned their back on God, it is a judgment. He provides dates of some of the most historical world changing events that happened during the year of the Shmita, including the rise of America and by the same token, other events such as the disaster of 9/11 in 2001, the recession of 2008, indicative of the fall of America. According to Hazon.org the Shmita year started Rosh Hashana 2014, which was September 24, 2014. It is noteworthy that some trends forecasters, handicappers, economic gurus and investors are predicting another recession for 2015, supposedly worse than the "great recession" of 2007-2008, all basing their predictions on economic indicators, while Cahn, in the interview below bases his on spiritual and biblical indicators....... but is it possible that they are all talking about the same fall of America, just coming to their conclusions from different directions? Which brings us to the year 2015, and the question of whether the Shmita will bring judgment against America once again. https://www.allnewspipeline.com/Mystery_Of_The_Shmita_Predicts_Fall_Of_U...








Hawk on 2015: https://www.allnewspipeline.com/Chemtrailing_Depopulation_Hawk_Doomsday.php Hawk turns his attention to his own health, which is now suffering despite taking great care to avoid illness, and the possibility that a viral outbreak that goes around the world killing 90% of humanity within days has been, or may soon be, unleashed upon humanity via chemtrails. Hawk is quite certain that ‘something has been engineered’, bringing to light the possibility that a ‘knock out’ weapon could be employed by the NWO globalists against Americans as Hawk shares he knows a large number of people who are now experiencing illnesses. Warning that while Ebola has quickly disappeared from the news, along with many sick Americans who are just ‘disappearing’, Hawk shares that the globalists have not forgotten their ‘end game’, the engineered depopulation of America and the world.






Live Free Or Die: https://www.allnewspipeline.com/Is_This_Why_The_Astronomers_Died.php: This brand new compilation video just released by Barney Winner 2 provides 51 minutes of indisputable evidence that something extremely strange is happening to our planet Earth, a video that helps confirm a recent Susan Duclos story that referenced Bob Fletcher investigations and an ‘incoming’ heavenly body’, billions of dollars of vanishing money, underground bunkers for the elite and ‘end times’ preparations by governments across the world and further references dead astronomers and scientists as shared directly below. This mind-opening video begins by reminding us of the 1999 cable car crash in France that killed 20 astronomers in the French Alps, astronomers who were minutes away from reaching an observatory to study extraterrestrial planets. The video combines the work of popular YouTube videographers Henning Kemner, Signsofthycoming, IKTTOTW, DutchSinse, THEEYEINTHESKY, ANGEL OF APOCALYPSE, DarkSkyWatcher74, Tom Lupshu, Thornews, DAHBOO77 and many more to come to the inevitable conclusion: Anomalous End Times Signs and Events are now converging.






Dave Hodges: In April of 2013, I wrote that “The best proof that the globalists are manipulating the price of gold comes from “Goldman Sachs (who) reportedly told their clients earlier this month that they recommend initiating a short Comex gold position.” The above action with regard to shorting gold by Goldman Sachs should have sent off a shockwave of shock and concern among the American people, and it would have, if were not such a dumbed down nation. When Goldman Sachs shorts anything, bad things are about to happen. Please remember that this is the same Goldman Sachs that shorted its airline stocks just prior to 9/11. This is also the same Goldman Sachs that placed put options on Transocean stock the morning of the 2010 Gulf oil explosion. This is the same Goldman Sachs that got caught shorting the housing market in advance of the housing bubble burst. Basically, when Goldman Sachs starts shorting anything, we should all become apprehensive particularly if our individual investments are anywhere in the neighborhood of the commodities being impacted by shorting. Again, history clearly demonstrates that when Goldman Sachs begins to short anything, it is time to take your money, buy needed commodities and then run for the hills. That time would be now!










Dave Hodges on banker murders: There are some very disturbing developments with regard the amount of gold holdings at the New York Federal Reserve. For years, the NY Fed has dragged their feet on repatriating European nations with their gold holdings. Beginning in November, the NY Fed has begun to pay European nations what they owe them in gold. The sudden and voluminous transfer of wealth, as represented by European national interests marks the end of the hoarding of gold by elite. Please refer to my quote at the beginning of this article. The payout of gold to European nations after years of hoarding gold can only mean one thing. The elite feel they have solidified their gold position. The payout of gold by the NY Fed has left the organization at a long time low with regard to the amount of gold being held by this financial institution. This too, is by design. If the United States government ever had a moment of lucidity and decided to engage in a strategy of self-preservation and decided to seize gold as a result, the NY Fed has just taken away that option by disposing of most of its gold. The following chart demonstrates how depleted the gold holdings of the NY Fed have become. I believe that this is why we have seen almost 40 banker murdered over the past several months. As nations seek to survive, they need to convict a perpetrator for these economic crimes against humanity and some Western governments would no doubt try and bring many banksters to justice. When these banksters were murdered, their evidence trail against the senior banksters died with them. Both of these moves signals the final stages before the planned collapse of the petrodollar.






Bill Weather (FortyDreamz.blogspot.com): On 2-14-14 I dreamed I was on a job as an electrician with my present work supplier. There were 2 other electricians working on the job who were really sloppy in their work and had cut holes in the wall were an electrical plug box should go that were hacked and sloppy. I was walking thru the house which had fancy lights and it turned into a commercial display store which also had furniture they were selling. I remember a very tall table and chairs and the hanging lights at this table were almost hitting the head of the people who were sitting in the chairs contemplating buying them.

Then another electrician came in and fixed the sloppy work from the other electricians and the place was finished of roughing in the wiring accept for a few circuits. Then I went into a lower level of the place and a former employer was there repairing some industrial equipment. I accidentally hit some machinery equipment and the machine turned on and began to move. I didn't know what to do to turn it off and the machinery was coming towards me. I was afraid it would crush me. Someone then turned it off.


Then I was lead outside into the city streets. It was my old home of Philadelphia. It was a very busy bussing center and there were a lot of dark people. I was a bit frightful, being around a culture and people I was not used to. I was attempting to sit down in a chair and a dark man was there. I apologized for disturbing his seating and he asked me for some spare change. I said “sure bro” and gave him some change. I had a little change left and was concerned that I had enough for the bus. I felt for my wallet and it was missing. I then had fear and dread come over me. Then I felt for it again and it was there and I breathed a sigh of relief.


Then I was wondering how to get to my destination (or home) because I didn't know where I was, but knew what question to ask for what place to go, so I proceeded to look for a bus driver who would tell me what bus to catch to get there. As I did this, I wandered thru the bussing area a bit before I could find a bus driver. When I saw one coming, it was a dark lady driving the bus, but suddenly, the bus turned into a white lady with blonde hair on a horse. The horse had fallen with the lady on it and immediately, the horse and lady on it sprang up from the fall, but then fell back to the ground again and as they fell back to the ground again I could see the lady's leg broken all the way thru, by the shin.


I then went to her rescue to help her and she laided on some grass unable to walk because of the broken leg. I immediately went to this girl who had fallen off the horse and another gentleman had come to her as well who was wearing army colored clothing. I began to pray to lay my hands on her and pray healing for her leg. The girl was going into shock and starting to shrivel to keep warm. The other guy there with the army clothes had turned into death and I commanded death to leave and with some fuss and rebuke, he left. I then woke up out of the dream just out of that scene with rebuking death and then awake, was consciously still rebuking death and a sudden wave of physical chills had left me as I rebuked death. I could feel the chills in a wave depart from my physical body, as though the chills had represented death, as a God given, physically manifested sign of backing this dream.


Interpretation


My being an electrician on the job is being one who is installing of spiritual light. The other workers who had come in, who's work was really sloppy are other Christians who's spiritual work was unsatisfactory to the Lord and they failed to pay attention to detail and where spiritually as hacks. The electrical boxes they had cut into the plywood walls with a Sawzall had big gaps where a cover plate could not hide the gaps they had cut. The damage to the walls is a testament to their damaging the witness of Jesus.


The house that had turned into a commercial display is the church. She was once a home for saints, but has now turned into a commercial institution of selling furnishings. The furniture I saw was a very tall table and chairs with the lights almost hitting their head. This is the church furnishing height to heaven and getting people closer to the light of God. The people contemplating buying the furnishings of the church are the souls of people who are trying the church, but are just commercial shoppers and not committed builders. So it is with many Christians today.


The electrician who came in and fixed the sloppy work of the other electricians is a fellow worker in Christ, who got it right in the gospel and corrected the mistakes made who also helped finish the wiring. So too, in God's house (the church) are good faithful workers, but also sloppy workers who cause damage to the souls of others with their religious works. They are as hacks, insensitive and not paying attention to detail.


Going into the lower level of the building and seeing the industrial equipment is that part of the church who's foundation is an industrial institution and structured as such . A part of her has become a commercialized institution with its structure made for its own works and machinery. My accidentally turning on some industrial equipment is my relationship to this part of the church. I don't know here operations and machinery and am not relating to it because she is not structured and building properly.


Being in the bus station is about my destiny, calling and plans God has with me. The bus station is the area of catching the right bus to our destination. We are in darkness until we catch the right bus and know where we are going. My attempt to sit down in a chair represents resting at the bus station; God showing me, there is no time for that and to be always on the move to seek out what that bus of destiny is. The guy in the chair asking for spare change shows the spiritual poverty of one who sits in such a chair of procrastination, when they should be on their feet looking for that God destined bus of high calling in Christ.


In the dream, the dark people at the bus station were not moving much, but were hanging out at the bus station. The people being dark, speaks of their spiritual condition when entertaining the procrastination and not praying and seeking God for how they are to serve him.


I had a bit of fear, being in that place of searching and gave away some money to the person in that chair of procrastination because of fear. Fear is an emotion that many saints go thru in that dark place of not knowing what their destiny or calling is, being in a strange place and in a culture and a people who are not the same. My fear had caused me to loose some bus money and to give away some of this exchange in sponsorship of one who was in procrastination. We should never think it is love to support one who is in the chair of procrastination, but at the same time, we need to support those who have not yet found their destination in Christ. With humility, we need to speak correction, life, destiny and purpose to them, so they will get out of that chair of procrastination and move onto finding the bus of their high calling in Christ.


My feeling for my wallet and it not being there is a fear of not having provision to board the bus of destination. My feeling for it again and it being there is a financial recovery for me personally, but also a second effort we should all take to make sure the provision is safe and secured for the destination. Never operate out of presumption. When God gives the vision, he will bring the provision. When seeking for the right bus, he will give it to us.


My not knowing where I was is the state of many of us. We should never let the present state keep us from seeking our future state. Even though I didn't know where I was, I knew where I was to go and what question to ask and that's what's most important to keep in focus. Proceeding to look for a bus driver to ask these questions was the time that sometimes goes by in seeking that calling or destiny out. Don't let time stop you from continually seeking, asking and knocking. The answer will come.


My seeing a bus driver and then it turning into a lady on a horse who had a fall is of the future still to come. For others, it may be something they've already gone thru, but this is speaking to me personally of my future calling. I believe that lady with the blonde hair on the horse is California who will experience events that are going to break her leg and send her into shock. I'm speaking the California tsunami, then mega quake that will throw her off the horse, break her leg and send her into shock. The horse's attempt to get back up from the fall then fall again will be California's fate. This is the bus of destiny I'm dealing with personally, to minister to the people (the woman) of California who are going to face brokenness and shock from what's to come, but also the rest of the nation as well, at a later time.


The guy who had army colored clothing is the military who will come to help California's many wounded and displaced people, and a short time of ministry will take place, to heal those broken, but soon after these events, death will come to this land and to much of our armed forces. As Christians we have power over death. This was represented by me rebuking death and it fleeing.


In several of these dreams, God has backed them with physically manifested signs and getting chills leaving me in a sudden wave of rebuking death is he backing this dream with a physically manifested sign.










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










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










Quote:



Gold: $1183.90 down $16.30 (Comex closing time)
Silver: $15.56 down 68 cents (Comex closing time)


In the access market 5:15 pm


Gold $1184.00
Silver $15.67













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


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI fell by 440 contracts from 150,034 down to 149,594 despite the fact that silver was up by 49 cents yesterday. Short covering again by the banks was no doubt in full force yesterday. The big December active contract month is now off the board.





In Gold:




Quote:

The total gold Comex open interest rose today by 5,083 contracts from 368,899 all the way up to 373,982 with gold up by $18.50 yesterday (at the Comex close). Today, these guys were fleeced. We are now onto the January contract month. The non active January contract month fell by 13 contracts down to 389 and that OI or 38900 oz of gold is initially standing for delivery. The next big delivery month is February and here the OI rose to 217,109 contracts for a gain of 371 contracts.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 9,645. The confirmed volume yesterday was good at 39,481. We had 2 notices filed for 200 oz today.





In Gold:




Quote:

The estimated volume today was poor at 27,239. The confirmed volume yesterday was fair at 157,398 even although they had some help from our high frequency traders. The Comex now has no credibility and many investors have vanished from this crooked casino. Today we had 270 notices filed for 27000 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 deposits:
i) Into CNT: 96,745.100 oz (one decimal)
ii) Into Delaware: 6804.400 oz (one decimal).
Total customer deposit 103,549.500 oz


We had 1 customer withdrawal:
i) Out of Delaware: 37,752.014 oz.
Total customer withdrawal: 37,752.014 oz


We had 0 adjustments


Total dealer inventory: 64.604 million oz.
Total of all silver inventory (dealer and customer) 175.536 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 1 customer withdrawal:
i) Out of HSBC: 160.75 oz (5 kilobars)
Total customer withdrawal: 160.75 oz



We had 0 customer deposits:


Total customer deposits; nil oz


We had 0 adjustments





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 12 contracts for 60,000 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 (received) 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 December, we take the total number of notices filed for the month (12) x 5,000 oz to which we add the difference between the OI for the front month of January (119) – the Number of notices served upon today (12) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Thus: 12 contracts x 5000 oz= 60,000 oz +OI standing so far in January (119)- no. of notices served upon today(12) x 5,000 oz = 595,000 oz





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (2) x 100 oz or 200 oz to which we add the difference between the January OI (389) minus the number of notices served upon today (2) x 100 oz = 38,900 the amount of gold oz standing for the January contract month. (1.209 tonnes of gold)
Thus the initial standings:
2 (notices filed for the month x 100 oz) +OI for January (389) – 2(no. of notices served upon today) = 38,900 oz (1.209 tonnes)
Total dealer inventory: 770,987.09 oz or 23.98 tonnes.
Total gold inventory (dealer and customer) = 7.895 million oz. (245.58) tonnes)
Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 57 tonnes have been net transferred out. We will be watching this closely!





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 782.00, down 0.76%. WTI February crude was 53.27 down 0.49. Brent crude was 57.33 down 0.57. The spread between Brent and WTI was 4.06 down 0.08. The 30 year US Treasury bond was down 0.0100 at 2.7500. The 10 year T-Note was down 0.0200 at 2.1700. The dollar was up 0.34 at 90.28. The PPT/Dow was 17823.07 down 160.00. Silver closed at 15.69 down 0.58. The GSR was 75.3920 up 1.6366 oz of silver per oz of gold. CIA's Facebook was 78.02 down 1.20 (1.51%). March wheat was down 12.25 at 589.750. March corn was down 9.50 at 397.00. February lean hogs were up 0.025 at 81.200. March feeder cattle were up 1.075 at 217.325. March copper was down 0.029 at 2.826. February natural gas was down 0.205 at 2.889. March coal was down 0.21 at 49.87.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Wed, Dec 31, 2014 - 11:20pm (Reply to #82)
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

Happy New Year!

HeyJoe, Happy New Year to you as well!

While I wish 2015 would be a happy year, I have little hope that it will be so. I spent an hour or so this afternoon putting together some articles that point to a disastrous 2015:

Martin Armstrong:
https://armstrongeconomics.com/ Cycles expert, Martin Armstrong, has determined that on September 30th or October 1st, the sovereign debt bubble will collapse.


Gerald Celente: Gerald Celente Predictions 2015: Disastrous Christmas, World War 3, US Economic Collapse https://www.youtube.com/watch?v=bTvA6Dvc-QM


Lindsey Williams: “EVERYONE must know what has just happened. This is true. My Elite friend knew 2015 would be the year. Everything is shaping up for September – October. Tell everyone you can.” - See more at: https://www.lindseywilliams.net/message-from-the-elite-chaos-approaches-lindsey-williams/#sthash.XnXGSXah.dpuf


Peter Schiff: 'I Know That We're Headed For This Huge Collapse' https://www.benzinga.com/trading-ideas/previews/14/05/4578653/peter-schiff-i-know-that-were-headed-for-this-huge-collapse Peter Schiff, Euro Pacific Capital’s CEO and Chief Global Strategist, talks about what motivates him to work hard, and why he feels the U.S. government needs to be blamed for what he believes is a pending economic disaster. He also weighs in on what he expects will be a surprise move this year by the U.S. Federal Reserve, why he’s convinced the gold price suppression is doomed to fail, and how the small retail investor can benefit. Read more: https://www.benzinga.com/trading-ideas/previews/14/05/4578653/peter-schiff-i-know-that-were-headed-for-this-huge-collapse#ixzz3NX7Bb1Qv

A massive list of other warnings: https://www.barry.warmkessel.com/11related.html

Michael Snyder (TheEconomicCollapseBlog): The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015. In fact, Bloomberg says that we should “get ready for a disastrous year” for bonds… https://theeconomiccollapseblog.com/archives/american-people-utterly-clueless-going-happen-enter-2015


Bix Weir and Harvey Organ went out on a limb and said that everything would fall apart by the end of 2014 – a little over a month and a half from now. They still could be right, but Bix is already starting to edge back from this prediction.
https://www.omegashock.com/2014/11/15/weekend-shockcast-cycles-of-doom/


Paul Craig Roberts
https://www.paulcraigroberts.org/2014/12/29/outlook-new-year-paul-craig-roberts-2/ The US is seeking a nuclear war. Russia and China should preempt the war by dumping US Treasuries. If they get paid for dumping the Treasuries, they should dump the money into the Foreign Exchange market. Russia and China should give no warning. They should just act. Indeed, instead of step by step, Russia and China could simultaneously use the counter-measures. With four US banks holding derivatives totaling many times world GDP, the financial explosion would be the equivalent to a nuclear one. The US and Europe would be finished, and the world would be saved. Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.

Jim Rickards: https://beforeitsnews.com/economy/2014/11/cia-insider-warns-collapse-will-strike-america-in-a-few-months-in-2015-project-prophecy-a-gov-secret-project-predicts-it-will-be-unavoidable-and-that-the-u-s-will-have-a-25-year-great-depression-2675776.html

According to Project Prophecy, a report compiled by the top minds in the U.S. Intelligence Community, you’ll want to remember May 2015 because that is the time that could spark the darkest economic period in our nation’s history. Project Prophecy is supposedly a report that predicts future events through patterns. As a result it has caused 16 agencies in the Intelligence Community to prepare for the worst-case scenario. Its current prediction is unavoidable 25 year Great Depression stating May 2015.Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City, and is Senior Managing Director for Market Intelligence at Omnis, Inc., a technical, professional and scientific consulting firm located in McLean, VA. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis https://www.youtube.com/watch?v=hkcBzNTfHOE and The Death of Money .

Here is the full interview that Money Morning did with Jim Rickards, a CIA Financial Threat and Asymmetric Warfare Advisor who helped put together Project Prophecy, where he warns the American public about this unstoppable threat. The Stock Market and the dollar collapse in 2015 Economy collapses in 2015. https://www.youtube.com/watch?v=KYW5OGWfqJc

Dave Hodges (TheCommonSenseShow): Ultimately, this article is written for individuals who are naive enough to believe that 2015 will look and feel like 2014. The banksters have positioned world events, both militarily and economically, to make 2015 a pivotal year in world history. Goldman Sachs Leads the Charge to Armageddon. Twenty one months ago, in response to the undeniable Goldman Sachs chicanery with regard to the manipulation of the gold market, I wrote the following: “However, the best predictor of the coming crash will coincide with the globalists cornering the majority of the gold market on this planet. After the globalists gain control of the gold, then we will witness a countdown to economic Armageddon in which all currencies will hyper-inflate prior to collapsing. Then humanity will be at the mercy of people who have no sense of decency and respect for life“. I maintain that the international banking cabal, as represented by the actions of Goldman Sachs and the New York Fed, have gained control of the lion’s share of gold supply, thus rendering their dependence on hard currency (i.e. the Petrodollar and the Euro) to be irrelevant. Meanwhile, the rest of the planet is dependent on highly volatile fiat paper currencies. https://www.thecommonsenseshow.com/2014/12/31/new-york-federal-reserve-signaled-end-dollar-near/

reThunk MoPix: https://www.youtube.com/watch?v=gh5d_66t5Zs Economy to Vanish in 2015

Mac Slavo (SHTFPlan): Chain Reaction of Problems Coming In 2015: “Collapse Will Be On A Scale That Is Many Magnitudes Greater Than 2008. https://www.shtfplan.com/headline-news/chain-reaction-of-problems-coming-in-2015-collapse-will-be-on-a-scale-that-is-many-magnitudes-greater-than-2008_12292014

Jonathan Cahn, author of "The Harbinger: Cahn speaks to us about how the Shmita refers to a 7 year cycle which offers blessing to those that adhere to the word of God but for those that have turned their back on God, it is a judgement. He provides dates of some of the most historical world changing events that happened during the year of the Shmita, including the rise of America and by the same token, other events such as the disaster of 9/11 in 2001, the recession of 2008, indicative of the fall of America. According to Hazon.org the Shmita year started Rosh Hashana 2014, which was September 24, 2014. It is noteworthy that some trends forcasters, handicappers, economic gurus and investors are predicting another recession for 2015, supposedly worse than the "great recession" of 2007-2008, all basing their predictions on economic indicators, while Cahn, in the interview below bases his on spiritual and biblical indicators....... but is it possible that they are all talking about the same fall of America, just coming to their conclusions from different directions? Which brings us to the year 2015, and the question of whether the Shmita will bring judgement against America once again. https://www.allnewspipeline.com/Mystery_Of_The_Shmita_Predicts_Fall_Of_US.php

Hawk on 2015: https://www.allnewspipeline.com/Chemtrailing_Depopulation_Hawk_Doomsday.php Hawk turns his attention to his own health, which is now suffering despite taking great care to avoid illness, and the possibility that a viral outbreak that goes around the world killing 90% of humanity within days has been, or may soon be, unleashed upon humanity via chemtrails. Hawk is quite certain that ‘something has been engineered’, bringing to light the possibility that a ‘knock out’ weapon could be employed by the NWO globalists against Americans as Hawk shares he knows a large number of people who are now experiencing illnesses. Warning that while Ebola has quickly disappeared from the news, along with many sick Americans who are just ‘disappearing’, Hawk shares that the globalists have not forgotten their ‘end game’, the engineered depopulation of America and the world.

Hawk (Survive2Thrive): Enemy is at the gate with Greg Evenson. Enemy is already here. Events are ready to unfold. https://www.youtube.com/watch?v=vkbstrHG-KM

Live Free Or Die: https://www.allnewspipeline.com/Is_This_Why_The_Astronomers_Died.php: This brand new compilation video just released by Barney Winner 2 provides 51 minutes of indisputable evidence that something extremely strange is happening to our planet Earth, a video that helps confirm a recent Susan Duclos story that referenced Bob Fletcher investigations and an ‘incoming’ heavenly body’, billions of dollars of vanishing money, underground bunkers for the elite and ‘end times’ preparations by governments across the world and further references dead astronomers and scientists as shared directly below. This mind-opening video begins by reminding us of the 1999 cable car crash in France that killed 20 astronomers in the French Alps, astronomers who were minutes away from reaching an observatory to study extraterrestrial planets. The video combines the work of popular YouTube videographers Henning Kemner, Signsofthycoming, IKTTOTW, DutchSinse, THEEYEINTHESKY, ANGEL OF APOCALYPSE, DarkSkyWatcher74, Tom Lupshu, Thornews, DAHBOO77 and many more to come to the inevitable conclusion: Anomalous End Times Signs and Events are now converging.

French Foreign Minister says on 13 May 2014 asteroid will hit the earth on 24 Sep 2015: https://www.youtube.com/watch?v=CdzPbaNvYCI

French Foreign Minister Laurent Fabius said alongside Secretary of State John Kerry at the State Department on Tuesday. “We have 500 days to avoid climate chaos,” Fabius said. “And I know that President Obama and John Kerry himself are committed on this subject and I’m sure that with them, with a lot of other friends, we shall be able to reach success in this very important matter." https://www.cnsnews.com/news/article/patrick-goodenough/french-foreign-minister-we-have-500-days-avoid-climate-chaos

John Moore, Dave Hodges, Bob Fletcher, Joe and Doug Hagmann have all lent credibility to Nibiru, the Destroyer set to wreak havoc on the solar system in 2015.

John Moore, Dave Hodges, Bob Fletcher, Joe and Doug Hagmann have all lent credibility to Nibiru, the Destroyer set to wreak havoc on the solar system in 2015.
https://www.bobfletcherinvestigations.com/photos.html


https://www.thecommonsenseshow.com/2014/12/27/stunning-interview-bob-fletcher-nibiru-underground-bases/


https://www.youtube.com/watch?v=LRmL4xDLAA8


https://www.youtube.com/watch?v=kkzrj3_vHTA


https://www.youtube.com/watch?v=Ng1YLGT5lEo

Rick Wiles with Sundar Selvaraj from Chennai India: https://www.youtube.com/watch?v=7X-PK4NKGVI , Sundar shares with us a prophetic warning God gave him for and about the US and other nations. Is this a warning about a coming Russian invasion? Selvaraj describes visions given to him by the Holy Spirit which point to end times events, signs which we can see in the headlines of the news, chilling as heard in Selvaraj own words. Young boys and girls lying on the side of the road like road kill.

Rick Wiles is joined in today’s episode of TruNews by Retired U.S. Army Command Sgt Major Dan Page, who previously warned of the end of our sovereignty and Constitutional Rights in a now viral video. Major Page tells Rick why he thinks 2015 is the start date for a series of actions to collapse the USA so that a global regime can emerge. https://www.mydailyinformer.com/we-are-in-the-final-stages-rick-wiles-trunews-with-sgt-major-dan-page/

Rabbi Jonathan Cahn, in his #1 best seller, The Harbinger. This book has sold over a million copies and has been on the new york times best sellers list for over a year and for good reason. In his book, he tells of many physically manifested prophetic warning signs thru the events of 911 leading up to September of 2015. - Here is a chart of what he describes in his book as the two biggest stock market loss days ever, that being exactly 7 years apart, to the day, on God's lunar calendar, with the next market crash to come in September of 2015. This 29th of Elul on God's calendar is a very special day. This day, every 7 years, was the last day before the biblical feast of trumpets and Israel was commanded to seize from all economic activity for what is called a sabbatical year, or, a year long sabbath. In the same way, God is showing us, by this calendar, that a seising from economic activity, thru an economic crash is coming and this 777 year pattern, is a confirming sign to us.- See more at: https://economiccrash2015.blogspot.com/#sthash.cfZeqJpz.dpuf

Buck Stephens vision: After I had the dream a few more times, I had it once again, but this time with greater impact. I awoke and sat up on the edge of the bed and glancing over to the lighted digital clock on the nightstand, I saw it was flashing as if a power failure had taken place. I looked in amazement as I realized it was not flashing the time but instead a date, a strange date, one which had yet to occur. The clock flashed September 13, 2015! There it was, that date again which I had seen in previous dreams. What did it mean? I rubbed my eyes and again looked at the clock and watched as it stopped flashing and gradually morphed to the actual time of 3:12 AM... a time of the night when I have had my most significant dreams. https://buckstephens.typepad.com/blog/2013/02/september-13-2015-a-reoccurring-dream.htmlThis lead him to the same discoveries Rabbi Cahn spells out in the Harbinger, the two biggest stock market loss days in the history of America exectly 7 years apart and to watch out for that next crash exactly 7 years later, September 13th, 2015.- See more at: https://economiccrash2015.blogspot.com/#sthash.cfZeqJpz.dpuf

John W Johnston's vision: https://unitedstatesprophecy.com/visions-dreams-and-prophecies-for-america/which was given back in 1981. Now in this prophecy, 2 parts of it, have already come to pass, with the 3rd part, yet to come, and in that prophecy it says that when the 3rd part comes to pass, that is when, the economic collapse of America will come. The 1st part of this prophecy, was that the Berlin Wall would fall. 8 years later, it happened. The 2nd part of this prophecy is that Russia would take a severe blow, then recover..... that certainly has happened. So the 3rd part of this prophecy, is that after Fidel Castro dies, then shall come the collapse of the economic system of the US.- See more at: https://economiccrash2015.blogspot.com/#sthash.cfZeqJpz.dpuf

Bill Weather's prophetic countdown: God has given me a countdown to the end of the US as we know her, in number signs and you can read of those in these three dreams I had here, linked at the qwakeup.org site.God has spoken to me in other amazing number signs of this countdown going on as well. I also had an angel come to me in a dream to warn me of the end of summer of 2015 and then backed it up that night with three number signs, so you can see why Im watching carefully for that time to come in 2015.- See more at: https://economiccrash2015.blogspot.com/#sthash.V1u2oJDY.dpuf

Joel 2:30,31 “And I will show wonders in the Heavens and on earth, blood and fire and columns of smoke. The sun shall be turned to darkness and the moon to blood, before the great and awsome day of the Lord comes”Now the amazing thing about these 4 blood red moons is that they fall on the exact dates of passover and the last great day, or what is called Sukkot, two major biblical feasts found on Gods scriptural calendar year. This is a very rare occurance, and the probability of the timing of these blood red moon warning signs coinciding with the other signs given, is some very strong confirmations to be on high watch, for that time in 2015.On these blood red moon biblical feast days, Are there major events to occur on each of these dates? Maybe, maybe not, but these blood red moon warning signs, culminate in that time we are on high watch for, September of 2015. So this is another witness in this map, pointing to that time.- See more at: https://economiccrash2015.blogspot.com/#sthash.V1u2oJDY.dpuf

The prophecy of saint malachy of the last pope. In the 12th century Saint Malachy fell into a trance and propheisied of 112 popes to come, with the last one being the present Pope, Pope Francis. In St Malachy's prophecy, he said the last pope's seat would be occupied by Peter the Roman..... At first glace, it appears that Pope Francis is not the fulfilment of this, but what is not known, is that St Francis' original birth name was giovanni di petro bernadone, the last part of his name translated, Peter, the Roman! See Tom Horn's book Petrus Romanus.

The Book of Enoch implies that Beyamin Netanyahu will be the last Prime Minister of Israel. Israel to be reduced to ashes under his administration. Isa 10:24ff, Isaiah 17, Jeremiah 30, Psalms 83.

Dumitru Duduman vision https://www.handofhelp.com/vision_1.php: the Lord rewarded him with amazing details of right before WW3 would come, when the russians and chinese would invade this land. One of those major signs told him by the angel, was that there would be people fighting against the government. Now, what we are seeing is the start of the Duduman prophecy coming to pass. Here in this article and throughout independent internet news, we are seeing the beginnings of a huge revolt that is beginning to brew, even former military calling on the impeachment of Obama and calling on men to rise up and take back the nation.

A quakanami prophetic watch is out for late summer of 2015; this based on very strong signs at here at the economic collapse link. https://economiccrash2015.blogspot.com/ This is also available in easier to read PDF here https://docs.google.com/file/d/0ByqXxu9mYX_CcGpwY0M4RTJ1dmc/edit

Some good news:

Rick Wiles https://www.youtube.com/watch?v=7X-PK4NKGVI At 45:50 there is Sundar's vision of George Washington. https://allnewspipeline.com/IndianProphetFortellsRussian.php , Sundar saw an open vision of a man down on one knee with his hands clasped and praying, Lord, save my nation, save my nation. His tears fell down on the ground. The Lord told Sundar, "That man is George Washington." The Lord Jesus said, I will surely answer the prayers of this saint. Nevill Johnson, Australian prophet: The nation will be judged and whipped, but it is for redemption. It will turn the nation around, and she will once again rise up from the ashes like the Phoenix bird and fulfill her rightful destiny. DS: John Mulinde says the Lord told him that America's rightful destiny is to be a city on a hill, a beacon of hope for the world. Stormdancer told me his vision was that God gathers the Jews from all around the world to the East Coast. That apparently is to save them from death.

DayStar

Thu, Jan 1, 2015 - 11:39am
dgstage
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Daystar

Very good recap. Thanks

dgfish
Thu, Jan 1, 2015 - 11:42am
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Happy New Year DayStar

Despite all of the gloomy prophecy, I wish for you a happy and healthy new year.

Although the financial collapse is statistically guaranteed, I don't think the consequences will be quite as harsh for us, we are reasonably well prepared.

Maybe I'm being overly optimistic, but I strongly suspect that the collapse will be the catalyst required to wake up the sleeping masses, and I think it is probable that they will correctly identify the enemies of humanity, namely, the bankers who have bankrupted the entire planet.

If they are held responsible for their crimes against humanity, a new era may be ushered in with an emphasis on an honest system of money, whereby people who produce value will be rewarded, and the parasitic leeches who have lived for many generations off the work of others, will be exposed as completely useless, and I suspect this will not end well for them.

Anyway, I just thought I'd share some of the conclusions I have drawn from my own research, and I admit humanity has never been in such a dangerous position, but it is required for change.

I think the powers that be have created little more than an illusion of omnipotence, and it is unlikely that they have any genuine power over us, because sooner or later, humanity will learn to ignore those that pretend to have power over us. Right now, the only source of their strength is that people believe the illusion they have presented us.

Ultimately, the remedy is relatively simple. Although they have created hundreds of trillions of dollars in imaginary debts that we owe them, if we simply refuse to pay, they are powerless.

I agree that many will die in the transition, but I suspect we will be amongst the survivors.

Best wishes,

Mr. Fix.

"When the student is ready, the teacher will appear."
Thu, Jan 1, 2015 - 12:34pm
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2015 May not be Happy

I guess some would find it unusual to be at peace with the upcoming chaos. This time period will be historic and I find it interesting I will be a part of it (God willing).

Because of my faith in the Lord as my Savior, I can handle whatever 2015 and the future brings. Ultimately, my reward is beyond my physical presence on this planet.

Thu, Jan 1, 2015 - 1:48pm
DayStar
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RE: Gloomy New Year

Thanks, DG. I have a bunch more (e.g. Bill Holter, Andrew Hoffman, John Ing, Egon von Greyerz, Stephen Leeb, Andrew Maguire, John Embry, Eric Sprott, and Jim Sinclair), but that was probably enough.

Mr. Fix, I worked out of state for a while and made friends with a Russian expat and we talked about these things with reference to the economic collapse in Russia in 1990. He believed we in America could have a currency collapse, but he said people managed to get by and it would not be a Mad Max scenario. I agreed that was true if the people would leave us alone. The problem is Russia was not nuked, they were not invaded, the power stayed on, and everybody had gardens, even people that worked for the government and lived in the city. We don't have that. When our currency collapses, they will seize all the money, and most businesses will then shut down. They plan to turn off the power one way or another, and people will have nothing. Further, after a period of economic collapse, civil war and martial law, there will be a nuclear attack and the JIT (just in time) distribution system will collapse, because it is utterly dependent on reliable transportation. In addition, Russia and China will invade and the Americans that survive will go into slavery. None of us can resist a modern army. In addition to that, there will be beaucoup natural disasters like the New Madrid collapse, tsunamis and the California earthquake.

HeyJoe, I believe that without God I have little to no hope. Things will come so unglued, that many/most of us will become refugees and will be cut off from our base and will be trying to fend for ourselves. I believe that God is able to sustain His children under such circumstances. For example, Jeremiah survived the fall of Jerusalem and was set free after the siege. I also find these times interesting and look forward with anticipation to the great revival that God will bring about. I also want to be part of the second Exodus when reunited Joseph and Judah return to the Land. Joseph was sent here to be in slavery and prison and then to be raised up to save his brothers, so God's purposes will be accomplished, and America will once again be a shining city on a hill, a place of hope, albeit greatly reduced in power and population and economy.

Hoping for the best and praying that the remnant will be big and strong and will not fear to stand and will have the faith to claim this nation back,

DayStar

Thu, Jan 1, 2015 - 2:28pm
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Our greatest enemy is fear.

DayStar,

I tend to agree with the analysis by you and your Russian friend that the circumstances in the United States differ greatly from those in the Soviet era Russia.

But you are making a lot of assumptions around the acceptance of our overlords plans, and I do not expect the United States to go down without one hell of a fight. Even when government tries to shut down businesses, which has been going on for most of my adult life, it just drives the economy underground.

I know, that's where I live.

The biggest difference between the US and the Soviets, is that we have much, much further to fall.

But after that, there will still be nowhere to go but up.

I am fully aware of the forces aligned against us, and they are formidable, but they look that way now due to unlimited funding. After the collapse, we will be largely in the same boat, and they will be much less formidable.

At least that's my take on it, and for people like me who live largely outside the system, life will go on.

I don't plan on using blue helmets for target practice, but many will.

I think through organizing on a local level, and to a huge extent, minding my own business, while educating those who have suddenly woken up for the first time in their lives, there will be an abundance of allies.

I am of the opinion that the “Evil Empire” is overreaching in the extreme, (but are way too arrogant to care) and that basic human nature will work against them, because they are counting on people being “inherently evil”, I have the opposite opinion, and as I have walked through life, I have found an abundance of evidence to support my opinion.

Most people will not comply with the agenda for the simple reason that in their gut, they will know it is wrong.

All the propaganda in the world will not overcome that.

For those of us with a “front row seat”, at least we will be able to watch it unfold, from a relatively knowledgeable viewpoint. I fully recognize that some of our “basic assumptions” are different, and to a huge extent, that will influence how we interpret what is unfolding.

This just seemed like a good place to offer up a little bit of hope, arrived at from careful analysis,

and once again, I wish you the best.

Thank you for all you do.

It is written, “The thing I feared the most has come to pass” (sounds biblical). Fear in itself can become a self-fulfilling prophecy.

Do your best to prepare, and then have the basic belief that it is enough, and that your Creator will provide for you all that you need. This has always been true, why would it suddenly change?

Have no fear! It is actually a viable strategy.

Fix.

"When the student is ready, the teacher will appear."
Thu, Jan 1, 2015 - 7:21pm
DayStar
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RE: After the Crash

Mr. Fix,

The scenario that the visionaries are telling us appears to me to fall into two phases. The first phase happens when the economic collapse occurs. Then you get food riots, martial law and civil war where "flyover country" (Texas and adjacent states) goes into full rebellion with probably part of the Army joining them. During this time, there will be a lot of high tech ordinance available and the patriots get there rears handed to them. However, our enemies take advantage of the economic collapse and attack, because they don't want to face the US in a kinetic conflict that they might lose. So, Putin launches ballistic missiles from submarines and takes out the US infrastructure with a first strike. Then the PRC and the FSU attack with tanks and airplanes and take over. I think this phase lasts for 2 years or less. There will be less sophisticated weaponry available in this phase, but America will be pretty tightly locked down with foreign troops, and the occupation will be brutal with dead youths lying in the street. There will probably be a series of natural disasters that take place during this phase that will weaken the invaders. Then in one day America's sovereignty will be restored due to a divine intervention and America will start to rebuild. There will be a few years when they will let us alone, but the Jews will get kicked out of the rest of the world and come here during the time America is at rest.

As far as compliance with TPTB, there will be an insurrection that will be suppressed, but conditions will not be the same all over. Cities will have varying conditions. Some will burn to the ground and be no more. Others will have military/federal administrators with varying degrees of ability and humaneness. Some places will be under anarchy. Some places will have authorities that will do house to house like they did in Boston, and others will be left alone to fend for themselves. In general, there will be economic collapse, followed martial law followed by war and slavery. One source says all able bodied men will be impressed into service to fight the invaders. So, in addition to fighting off marauders and avoiding FEMA camps, one will have to be alert for the impress gangs that will take you away to be cannon fodder, and then you will have to survive the reign of the PRC and the FSU.

Just a note about fear. Some of the folks I have talked to that were in actual combat say if a man says he is not afraid when he goes into battle, he is a liar. It's part of battle having a touch of fear. When we go into battle as God's soldier, we are to also have a healthy fear God even though we love Him. He is able to utterly destroy, and fear of incurring His wrath is a powerful motivator to do right. God does not like for men to be cowardly or fearful and run away. He says He will send the cowardly to the Lake of Fire, so while I may have a tinge of fear, I cannot let it overwhelm my behavior to the point of freezing up and doing nothing or running from responsibility.

So, Mr. Fix, I do not think all is lost. I just dread what is coming down and all the loss of life that it will entail. I am not looking forward to the brutality that will come with societal breakdown and the slavery of foreign occupation. I have done the whole captivity and survival bit before, except the captivity this time might be a tad more physical than what I endured before, but with God's help I can survive.

"Happy" New Year,

DayStar

Thu, Jan 1, 2015 - 7:37pm
Mr. Fix
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"With God's help I can survive."

Good reply, very good.

We read a lot of the same articles, we know the plan well. I suspect our only difference is that I envision a much larger swath of humanity who will simply not comply with the agenda. It's hard to have a war when no one will fight. It is also hard to install an authoritarian government, when no one respects authority anymore.

Of course the military will have its “chain of command”, but at what point do those chains break?

Starvation is a powerful motivator, there's no doubt about that, and the powers that be have planned for unspeakable carnage. I know I used to say that “there are no good guys coming to our rescue”. And in a military sense, that might be true. But I would consider that we are the good guys, and at some point, we will stand up for ourselves.

“With God's help I can survive”. That pretty much says it all.

Happy new year.

"When the student is ready, the teacher will appear."
Sun, Jan 4, 2015 - 8:25pm
DayStar
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~~Harvey 4 Jan 2015

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






FDIC Bank Seizures
The FDIC did not seize any banks this week.








News and Commentary


Mark O’Byrne (Goldcore): Gold Second Best Currency In 2014 – Higher In All Currencies Except Dollar. Gold was the second best performing currency in 2014, with only the U.S. dollar stronger. The Gold fix on December 31st 2014 was USD 1,199.25, EUR 986.55 and GBP 769.84 per ounce. The Gold fix on December 31st 2013 was USD 1,201.50, EUR 872.55 and GBP 726.99 per ounce. Gold was marginally lower in dollars in 2014 but rose in all other major currencies. Gold in euro and pound rose 13 percent and 6 percent respectively. Gold in yen rose 15 percent in 2014. Gold ended the year 14% off its 2014 high of $1,379 an ounce set in mid March after the price surge at the start of the the year in January, February and March. China’s yuan closed at 6.2040 against the dollar on Wednesday, ending 2014 with a loss of 2.4 percent against the dollar and 1% against gold. The yuan fell as China has engaged in its own QE and competitive currency devaluation – currency wars continued quietly in 2014. Gold again protected investors in the Eurozone with the 13 percent gain. Gold rose nearly exactly €100 from EUR 876 per ounce to close at EUR 980 per ounce. Gold again acted as a classic safe haven for investors exposed to the euro, and markets and assets denominated in euros. The gains in euro terms and move back towards EUR 1,000 per ounce may also signal concerns about some form of ECB QE or money printing and debt monetisation in the coming months. Gold in sterling saw similar gains to those in euro but sterling was a stronger currency in 2014 and therefore gains were not as much. There was a similar chart trajectory with gains in the early part of the year followed by a retracement and consolidation and then a sell off towards the end of October, followed by a slight bounce higher. The price falls in October and into year end in dollar terms took place despite a positive fundamental backdrop and despite the risk of contagion in the Eurozone, concerns about global economic growth, the emergence of Ebola and the twin geopolitical risks emanating from tensions and war in the Middle East and tensions with Russia leading to the economic slowdown in Russia and collapse of the rouble. Silver was down a further 19 percent in 2014 after the sharp 36% fall in dollar terms in 2013. Silver remains down a whopping nearly 70% from its record nominal high in 2011.










GoldCore on gold demand in China and India: Demand from China and India is set to be some 3,000 metric tonnes this year – more than the entire annual global production of gold. India is set for demand of some 1,000 tonnes and China over 2,000 metric tonnes as measured by the benchmark Shanghai Gold Exchange (SGE) withdrawals – which is likely the single most important benchmark of global gold demand today. Last year saw another robust year for Chinese demand despite frequent talk of weak demand and low premiums in China. Manipulation of markets can work effectively in the short term. However, in the long term prices will be dictated by the global supply and the global demand of 7 billion people, many in Asia who believe in gold as a store of value. Not to mention, sovereign central banks such as the People’s Bank of China and the Russian central bank – who believe in gold as an important monetary asset. Central banks continued to be strong buyers of gold in 2014, albeit the full year data may show demand was at a slightly slower rate than the record levels seen in recent years. Central banks have been accelerating gold purchases ever since quantitative easing began in early 2009. Central banks added 93 tons of gold to reserves in the third quarter of 2014, with more than half of all buying coming from Russia, according to the World Gold Council. Q4 2014 will likely be the 16th consecutive quarter of net purchases of gold by central banks. Central bank purchases are expected to hit more than 400 tons for the full year, in line with 2013. However, the official figures do not include the ongoing clandestine and undeclared purchases of gold by the People’s Bank of China (PBOC). Conservative estimates put PBOC demand at 100 tonnes a quarter or at over 400 tonnes for the year. More radical projections are of demand of over 1,000 tonnes from the PBOC again in 2014. China is buying huge amounts of gold as it seeks to increase its gold allocation from the current low of just 1 percent of foreign exchange reserves.






Anadolu News Agency: Turkey’s gold imports have surged to their highest level on record in November at 47 tons worth nearly $2 billion. The country’s imports in November reached 46.9 tons, an increase of 609 percent from October when the country imported 6.6 tons of gold bullion, according to a statement by the Istanbul Gold Exchange on Wednesday. The country’s gold imports increased by 127 percent to $1.997 billion compared with $879 billion in November 2013. Turkish imports stood at 19.3 tons in the same month in the previous year.






Koos Jansen (Bullion Star): In 2014 silver futures traded on the Shanghai Futures Exchange (SHFE) accounted for 2,908,168 tonnes. On the Comex 2,123,387 tonnes were traded, 37 % less than in Shanghai. First let’s have a look at the latest SGE trade report of week 52 (December 22 -26). Total SGE gold withdrawals was a staggering 58 tonnes in week 52, year to date (until December 26) SGE withdrawals have reached 2,073 tonnes. With three trading days left (December 29 – 31) total withdrawals are 124 tonnes shy of the 2013 record (2197 tonnes). The possibility 2014 withdrawals will transcend 2013 is small, though 2014 has once again been an incredible strong year for Chinese gold demand. Regular readers of this blog are used to the tonnage being withdrawn from the SGE vaults every week, often more than 40 tonnes (in one week). The fact the mainstream media, or the World Gold Council, CPM Group or Thomson Reuters GFMS, still don’t report these numbers is getting weirder by the day. Because gold bullion export is prohibited in china, we know by tracking SGE withdrawals, fairly accurate, how much gold is being added to Chinese non-government gold reserves. This year that amount will be about 1,700 tonnes. Silver inventory at the SGE dropped 8% y/y, to 103 tonnes. Silver inventory on the SHFE dropped 71 % y/y, to 123 tonnes. Note, there are many other (spot) silver exchanges in China, these inventories don’t mean that much. SHFE inventory has been emptied because the cash and carry trade closed (read this post for a simplified explanation) when the silver futures curve on the SHFE went from contango to backwardation.




Harvey: Judging from the volatility in the USA index today, I strongly believe that we had a derivative meltdown of some sort. The total USA dollar short position by major players is 9 trillion USA according to the iMF. The USA dollar has gone from 80 up to 91.5 for a 14.3% loss. Coupled with this, the players then bought oil plus other commodities and that as well as seen a huge fall. There is also a huge problem with a potential Greece exit. All of these combined could add up to a trillion dollar loss to the major USA banking system (the major banking underwriters). The gold Comex today had a poor delivery day, for the second day notice for the January contract month registering 0 notices served for nil oz. Silver Comex registered 4 notices for 20,000 oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 245.58 tonnes for a loss of 57 tonnes over that period. In silver, the open interest rose by 1,621 contracts despite Wednesday’s silver price fall of 68 cents. It is obvious that somebody is taking on the banks. The total silver OI still remains relatively high with today’s reading at 151,215 contracts. The January silver OI contract reads 104 contracts. In gold we had a decrease in OI with the fall in price of gold on Wednesday to the tune of $16.30. The total Comex gold OI rests tonight at 371,646 for a loss of 2332 contracts. The January gold contract reads 353 contracts. Today, gold inventory from the GLD remained constant. Inventory remains at 709.02 tonnes. There was no change in silver inventory. SLV’s inventory rests tonight at 329.564 million oz.


Zero Hedge: After years of being blocked by Democratic leader Harry Reid, The Washington Times reports, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making. Ron Paul’s flagship legislative efforts have been picked up by his son and now has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, whose office says the legislation will earn a floor vote. While the bill is not a sure thing, it appears to have The Fed worried as Reuters reports,Yellen and other Fed officials are lobbying Capitol Hill to drop the audit push.

Ned Naylor Leyland (GATA): Writing for the TF Metals Report, Ned Naylor-Leyland of Quilter-Cheviot Asset Management in London observes that Germany used to vault its gold in the United States out of fear of Russia but now seems to have more fear of United States and the peculiar happenings in the gold market. Naylor-Leyland adds that if developments show that the Netherlands has been able to repatriate more gold faster than Germany has been, Germany’s Bundesbank may face some inconvenient questions.


Tyler Durden: The new year has officially started because it wasn’t even a day in and Mario Draghi was once again out and about, jawboning the Euro to a lower level than where it was when he said back in 2012 he would do “whatever it takes” to push it higher. The reason, as Reuters reports, why the Euro sank to a nearly 5 year low against the USD, was “clear indications that the European Central Bank will soon embark on outright money-printing.” Actually, it was on just more hollow rhetoric by Draghi, who told German Handelsblatt that “the risk that we don’t fulfill our mandate of price stability is higher than it was six months ago.” He also added that “it’s difficult to say” how much the institution will have to spend on government-bond purchases.




Zero Hedge: As bonds rally and EUR slumps near 1.20 following moar Draghi jawboning and suggestions of sovereign QE from the ECB, Germany has come out swinging to remind the world that it won’t stand idly by as the nation’s taxpayers are thrown under the bailout-the-EU-or-else bus. Michael Fuchs, deputy parliamentary floor leader of Angela Merkel’s Christian Democrats, told Deutschlandfunk radio on Friday: “We shouldn’t pump extra money into these states, but rather make sure they continue along the reform path.” As Reuters reports, Fuchs further added, “I’d be grateful if (ECB President Mario) Mr Draghi would make statements along these lines.” Fuchs has frequently expressed frustration felt by many German politicians and the public about the pace of reform in twice-bailed-out Greece. He was quoted as saying in a newspaper interview published on Wednesday that euro zone politicians were not obliged to rescue Greece as the country was no longer of systemic importance to the single currency bloc.




Tyler Durden: Bloomberg reports that Chinese developer Kaisa Group defaulted on a HK$400 million ($51.6 million) loan triggered by forced repayment terms after the firm’s chairman resigned. With shares already down over 50% in December alone, trading is suspended as the company faces what S&P calls “more challenges” ahead and the 2018 bonds have collapsed to just 43c on the dollar (yields over 42%). The company’s $800 million of 8.875 percent notes due 2018 and sold to investors at par in March 2013 tumbled to 43.846 cents on the dollar as of 10:05 a.m. in Hong Kong, from 66.263 cents on the dollar on Dec. 31, sending yields to 42.485 percent.




Zero Hedge: Supporters and opponents of Abenomics may debate the metaphorical death of Japanese society as a result of the terminal hyper-Keynesian, hyper-monetarist policies implemented by Abe and Kuroda for the past 2 years until they are blue in the face, but when it comes to the literal death of Japan, there is no debate: as the FT succinctly puts it “deaths outnumbered births in Japan last year by the widest margin on record, underscoring the scale of the challenge facing the government as it tries to ensure a dwindling pool of workers can support growing ranks of pensioners.” Indeed, while Japan may or may not survive the collapse in the Yen, which will send the Nikkei225 soaring although nobody will be able to enjoy this unprecedented paper wealth because nobody can afford to eat, drive or heat their house, and all Japanese companies will be long bankrupt, it now looks almost certain that the death of Japanese society will not be due to a runaway printer, but due to, well, death itself.




RT: Former Bank of England governor Mervyn King has warned that British banks are too weak to weather another financial crisis, adding that government officials haven’t “got to the heart” of what went wrong in 2008. Speaking to BBC Radio 4 on Monday, King criticised current measures being taken by the BoE to stabilise the economy, including keeping interest rates at a record low – currently at 0.5 percent – for more than five years. “I don’t think we’re yet at the point where we can be confident that the banking system would be entirely safe,” he told the programme. The idea that we can go on indefinitely with very low interest rates doesn’t make much sense,” he added. However, King also warned that a sudden increase in interest rates could provide too much of a shock to the British economy, which is only beginning to recover after the global financial crisis in 2008. The financial crisis started in 2007-8 as a result of a bubble in sub-prime mortgages, with major banks providing loans to customers who were unable to pay them back and were forced to default. As a result, many major banks – including Barclays and the Royal Bank of Scotland – were forced to seek assistance from the government in order to prevent them from collapsing. Despite the UK seeing steady growth, Britain’s Office for National Statistics (ONS) has warned that growth is slowing, prompting fears that another recession could occur in the near future.




Zero Hedge: Reading headlines and social media commentary in last night’s thin trading, one could have been excused for thinking the collapse of global crude oil prices was over and a new renaissance had begun as ‘watchers’ proclaimed WTI’s spurt above $55 (for a nanosecond) as indicative of the lows being in. However, just hours later, following weak European data (and a recognition of massively offside speculative positioning), WTI has collapsed over $3 from the highs and is testing towards a $51 handle. Both European and Japanese currencies have collapsed at the same pace of the past year.. and so have bond yields.




Martin Armstrong: Turkmenistan, the former Soviet republic, devalued its currency against the US dollar by 18% for the new year. Turkmenistan is energy-rich and this is the latest sign of seriousness of the collapse in oil. This will contribute to now force the dollar higher as commodities decline, the energy producing nations will be compelled to devalue their currencies in an effort to try to make ends-meet. Devaluations will result in an attempt to create inflation to offset the deflation. We are in a major economic collapse on a global scale.










This Will Not End Well (In The Short Term)










IWeatherNet.com: GEOENGINEERING AND HAARP GLOBAL NUCLEAR GENOCIDE--Polar Vortex wind patterns forming in the North Pacific Nov. 10, 2014. After loading up on Fukushima radiation earlier in the week, two nuclear vortices moved into the north Pacific and headed for the Arctic region. The one on the right (below Alaska) moved down the west coast of the US, contaminating the food baskets of Canada and the US. The second nuclear vortex formed the Polar Vortex that moved down the middle of Canada and the US, then turned east to contaminate the entire US east of the Rocky Mountains. It is obvious that certain global regions were protected from radiation exposure by HAARP heating, creating high pressure zones over Russia, Korea, China, and Central and South America. This wind storm image confirms that Fukushima radiation from Japan, and the tsunami debris field stretching across the Pacific, serve as radiation sources for nuclear typhoons and storms thrown at North America. Accelerated genocide is the desired endpoint. SOURCE: https://www.iweathernet.com/global-wind




Emma Wilkinson (BBC News): Whooping cough may be evolving to outsmart the currently used vaccine, say researchers. Analysis of strains from 2012 shows the parts of the pertussis bacterium that the vaccine primes the immune system to recognise are changing. It may have "serious consequences" in future outbreaks, UK researchers state in the Journal of Infectious Diseases. But experts stressed the vaccine remains highly effective in protecting the most vulnerable young babies. There has been a global resurgence of whooping cough in recent years. In 2012, there were almost 10,000 confirmed cases in England and Wales - a dramatic increase from the last "peak" of 900 cases in 2008. The outbreak led to 14 deaths in babies under three months of age - the group who are most vulnerable to infection. Steve Quayle: THE TELLTALE WORD-- EVOLVING-‘MUTATING' FAST? ONLY WITH A WHOLE LOT OF HELP BY THE BIO-WEAPON DEVELOPERS AND CHILDREN ARE THE TARGET.


Yaël Ossowski (Watchdog.org): In a ruling handed down by the U.S. Supreme Court, the nation’s top court found that a police officer who mistakenly interprets a law and pulls someone over hasn’t violated their Fourth Amendment rights. The majority opinion issued Dec. 15 and written by Chief Justice John Roberts found that police officers only need to “reasonably believe” something is against the law to pull someone over. Effectively, this means cops can pull you over even if you haven’t broken a law.


Scott MacFarlane (NBC 4 Washington, D.C.): Area public school districts have deployed more than 30,000 surveillance cameras inside school buildings, according to a review of security records by News4. The rapid increase in camera usage – at least 1,300 were installed in recent months – comes in the wake of school shootings in other regions and concerns about student safety. The cameras offer video footage for use in solving crimes or investigating security incidents inside buildings. But the images have grown too numerous to regularly monitor by security staffs, the News4 review showed.



BBC: The Ebola outbreak in West Africa was first reported in March 2014, and has rapidly become the deadliest occurrence of the disease since its discovery in 1976. In fact, the current epidemic sweeping across the region has now killed more than all other known Ebola outbreaks combined. Up to 31 December, 8,004 people had been reported as having died from the disease in six countries; Liberia, Guinea, Sierra Leone, Nigeria, the US and Mali. The total number of reported cases is more than 20,300. https://news.bbcimg.co.uk/news/special/2014/newsspec_9640/img/ebola_spre...






BBC: A British nurse who was diagnosed with Ebola after returning from Sierra Leone is now in a critical condition, the London hospital treating her has said. The Royal Free Hospital said it was "sorry to announce that the condition of Pauline Cafferkey has gradually deteriorated over the past two days". Ms Cafferkey, from South Lanarkshire, was given an experimental anti-viral drug and blood from disease survivors. Meanwhile, a patient who was tested in Swindon for Ebola has tested negative. Ms Cafferkey, a public health nurse, was diagnosed with Ebola in December after volunteering with Save the Children in Sierra Leone. On Saturday Prime Minister David Cameron said on Twitter: "My thoughts and prayers are with nurse Pauline Cafferkey who is in a critical condition with Ebola." Health Secretary Jeremy Hunt also expressed his concern, adding: "I know Dr Mike Jacobs and his team at the Royal Free Hospital are working tirelessly to provide her with the best possible care." Scotland's First Minister Nicola Sturgeon tweeted: "My thoughts are with Pauline & her family at this extremely difficult time. Thanks to all who are caring for her." Ms Cafferkey had travelled home via Casablanca, Morocco, and London's Heathrow Airport. She was screened for the disease at Heathrow where she told officials she believed a fever might be developing. Her temperature was taken seven times in total, six of which were within 30 minutes, and was normal each time, so she was allowed to fly home to Scotland. The government's chief medical officer, Dame Sally Davies, has said the case raises questions about airport screening procedures.


Hagmann and Hagmann: Dark Predictions for 2015. This new year will be one of change – change that will, perhaps, compel us to choose sides. Good versus Evil. Moral versus the immoral. The geoplolitical events we see taking place are not by chance, but but choice. But by whose choice? Christianity is under attack across the world. Civil unrest is growing. The attack on free speech is growing. There is change in the wind, but is it change for the better? Pictures of revelers in Times Square, in Sydney, Australia, in London, and other major cities across the world illustrate a population transfixed and programmed into believing a lie – an enormous lie.” https: //www.youtube.com/watch?v=b8zReJIF9tU


Ethan A. Huff (Natural News): Dr. Kent Brantly, Dr. Thomas Cairns and all the other male Ebola survivors are still a public health threat. If Ebola is still being detected in a male patient who was discharged as healthy nearly two months ago, then it is probably still present in these men, who have since returned home to their families. The only reason this was even discovered is because the Indian man had recently attempted to fly back to New Delhi, upon which health officials in his native land decided to take extra precautionary measures. The man was reportedly "symptom-free," yet tests revealed that he still had traces of the virus in his bodily fluids. In fact, the Indian man had undergone three separate Ebola tests at the airport prior to flying, and all of them came back negative. But when he arrived in India, a follow-up test showed that Ebola was still present, proving both that Ebola tests are wildly inaccurate and that the virus is longer-lasting than we have all been led to believe. The reason for this, says Marie-Christine Ferir, an emergency coordinator for Doctors Without Borders, is because Ebola antibodies produced in the bloodstream don't reach the testicles. "Since Ebola can be transmitted through sexual contact, male survivors are sent home with condoms and instructed to use them for the next three months if they engage in intercourse," she stated to NPR. Ebola clearly persists well beyond observable infection period. The CDC supposedly agrees with this, but you'll be hard-pressed to find any information about this in the media prior to this recent revelation. Since we first began reporting on this outbreak, there has hardly been any mention in the mainstream media about the Ebola virus possibly persisting in bodily fluid for several months after a person is cleared as being a "survivor." Natural News first reported on this possibility in early August. This ironic failure seems to match the entire Ebola narrative, which has changed dramatically on numerous occasions since it first started gaining speed. In the beginning, we were all told that the only way to contract Ebola was to literally share blood with someone else. Now, we know that the virus can spread through surfaces and even through micro-droplets in the air. Learn more: https://www.naturalnews.com/047740_ebola_semen_sexual_disease_transmissi...


Bill Weather (quakeup.org): On 3-13-14, I dreamed I was a prisoner inside an outdoor prison camp. I saw a very quick court trial where someone was railroaded thru the trial and put in this camp for the most minor offense. We were held in this prison camp without knowledge of how long we were to be there. Many of the people were held prisoner there without even having a trial.


Then we had conspired on how to break out of the prison and this plan of escape began by a couple of the prisoners with a bad reputation going into the outdoor kitchen area where they shouldn't have, then two others there starting a fight. In the midst of all this commotion and chaos, a bomb had exploded in the prison away from us. Then two prisoners had made a run for it, to escape. Then others began to make a run for it. The guards pursued us.


I hopped over a fence still inside the prison and tried to blend into what had turned into the night time darkness. I was holding a square pillow that was light in color against my black clothes, and I thought it would give me away as I was hiding in the night.


Then the guards gave up pursuing the prisoners, and they and the undercovers began to leave the outdoor prison. The undercovers they had were all sorts, even teenagers. One by one, they began to come thru a gate behind that fence I was blending into with the night time darkness. Now dawn began to set in and I laid by the entry to this fence as they came thru. Then it seemed everyone of them came thru, but little did I realize, one guard who knew me was standing at the entry staring at me. I finally looked up at him staring me down and in his look, he knew that I was one of the good prisoners, not guilty of anything that should make one a prisoner. In his look, there was also a surrender and defeat and the prison guards and undercovers had to leave the prison ground so they wouldn't be found to be conspirators by the public. They all boarded buses and left.


I also saw a Walmart store sign over some steep inverted V shaped house roof tops beyond the street in a distance that I thought the escaped prisoners would be able to blend in with. So I went towards that commercial area after the guards had left and wanted to tell someone of this conspiracy against us.


The scene switched and I was in the midst of some high tower apartments where the Walmart was. Everyone was living in these high tower apartments and not in houses. I then went into the lobby of one of these buildings and many people were glued to their tv sets, oblivious to what was happening with the outdoor prison. I then looked thru the pictures of the tenants in a book as though I were trying to find a friend. Everyone living there had pictures of themselves in this book, with their apartment number, like there was no privacy. Searching thru the pictures, trying to find friends, everyone I was looking at in the book had a darkness over them.


Then I came to a picture of some friends from Oregon I knew who were from a church I used to attend. We were in this picture playing music and the picture came alive as a video. I was lead guitar player in this picture video and at first, I couldn't pick up on the scale mode of the song we were playing and the band knew it, but then, I switched the key we were in and went up a step and began to play lead well.


Then from the pictures was a girl in the high tower apartment lobby that I recognized and she recognized me and I pulled her aside to tell her the secrets of the prison camp and then other friends arrived to hear what I had to say. They were in unbelief of what I was telling them and told them we could go to what was the prison just a few blocks away and we would see evidence of it, though the guards there had cleaned the area up well to not leave any evidence, I could show them the worn down ground it was on.

Interpretation:

Soon, the US is going to face a terrible economic crash and soon after, outdoor camps are going to be used to house people, but it will be a prison. Criminals and people who are innocent will be forced to live together at those camps. The smallest offense will imprison people there without a trial in many cases, held there without knowing how long they will be there.


There will be a revolt inside the prison, metaphor as a revolt inside the nation, for not only will there be outdoor prison camps, but the nation will be as a prison as well, when the prison of fear, lack and criminals will grip many hearts at that time.


My laying by the fence trying to blend into the darkness of the night is wisdom from Yah, that this would be the best escape at that time, just to blend and don't try to appear as a revolutionary or rebel because the purpose is not to try to overthrow the criminal activities of the authorities (they have all the guns), but to be aware of it and make others aware, so they too, can have the wisdom to stay out of those prisons and know what's going on.


The light colored pillow I had, which I thought would give me away represents the comforts of this life. Holding to that, the comforts of this life, could cause you to end up in the prison of fear and hopelessness, because it is going to get really uncomfortable when the collapse occurs. If you're really in Christ, we're not supposed to be too attached to any of this anyway.


The Walmart sign I saw in the distance beyond the inverted V shaped roof tops and in the same area as the high tower apartments is what is happening economically and socially. Because of the Walmarts and other huge corporations monopolizing the markets, it is leading us down the path of socialism, where people no longer can afford to live in houses, but are stuck living in cheap high tower apartments. This is why Walmart was in the same place as the high rise apartments.


The people inside the high towers, glued to their tv sets is a matrix that is holding the people in deception and ignorance. This is why I saw a darkness over all the people in the pictures of the tenants I was looking thru. Their TVs were keeping them in darkness and entertained in deception.


The picture that became a video of friends and me playing music speaks of my past, and how I was not playing the music of my friends who were deceived. I couldn't play the song their way. Then I made the decision to play what I knew to play and then it sounded good, though the rest of the band of friends didn't catch onto it in the picture/video. I was lead guitarist in the band because God is making me that, to try to open the eyes of those who are deceived, but the band is not playing the song they should. This is what is happening inside the church. They are playing in the wrong scale mode and the wrong key. It was the right tune, but they were in the wrong key and wrong scale mode. They are playing the tune from the former way and not what is presently and going to be coming to pass. We must move by the Spirit according to the times and not be stuck with the leadership of the past who move according to past habits developed who continue inside the church with funds and leadings that are ill appropriated for the times. They must, in the Spirit, start playing in the right scale mode and come up a step higher to the right key.


Finally, trying to convince friends that there is a conspiracy going on in this nation is falling on the deaf ears of unbelief. They are so influenced by the talking heads on their TVs and their social living as in high tower apartments, that they could not even recognize the outdoor prison camp just a few blocks away from them that is developing. The signs are everywhere, but my friends are not looking. The church is tunnel visioned by their tv sets and by the controlled Christian publishing industry to what is really going on in prophecy.


In due time, the global strong man, the US, the policeman of the world, is going to be bound, then crippled, then badly beaten. This will free up Russia and China to make their moves of global dominance in WW3. God continues to warn this nation, but the people are under the strong wine of Babylon and their drunkenness inside the matrix of lies has them thoroughly under delusion of what's to come upon them.


But you oh friend, can escape. The escape is to expect it all to crash and burn and know that Jesus Christ is the true escape and anything that is lasting riches, are all in HIM! Realizing its all gonna crash and burn soon can prepare you to let go and not be so attached to this life, because Christ returns soon after to give us a new, glorified body that never gets tired and sick and the glory we have that awaits us would make these Hollywood exalted fools of Babylon on TV something to pity!


He who endures to the end, shall be saved (Matt 24:13).
Behold, he comes with the clouds and every eye shall see him and they also who pierced him and all nations of the earth shall wail because of him.... (and Heaven says...) even so, AMEN (Revelation 1:7).
Eye has not seen, nor has the ear heard, nor as it entered the heart of man, the things which God has prepared for those who love him (I Cor 2:9).














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










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










Quote:



Gold: $1183.00 up $2.10 (Comex closing time)
Silver: $15.73 up 7 cents (Comex closing time)


In the access market 5:15 pm


Gold $1189.00
Silver $15.76













Thursday, Jan 1st Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 1,621 contracts from 149,594 up to 151,215 despite the fact that silver was down by 68 cents on Wednesday. The front January contract month saw its OI fall by 15 contracts down to 104. We had 12 notices filed on Wednesday, so we lost 3 contracts or 15,000 oz will not stand.





In Gold:




Quote:

The total gold Comex open interest fell today by 2,336 contracts from 373,982 all the way down to 371,646 with gold down by $16.30 on Wednesday (at the Comex close). . We are now onto the January contract month. The non active January contract month fell by 36 contracts down to 353. We had 2 contracts served up on Wednesday. Thus we lost 34 contracts or 3,400 additional oz will not stand. The next big delivery month is February and here the OI fell to 214,569 contracts for a loss of 2,532 contracts.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 15,812. The confirmed volume on Wednesday was poor as well at 29,522. We had 4 notices filed for 20,000 oz today.





In Gold:




Quote:

The estimated volume today was poor at 62,339. The confirmed volume on Wednesday was also poor at 77,5343 even although they had some help from our high frequency traders. The Comex now has no credibility and many investors have vanished from this crooked casino. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz


We had 0 customer deposits:
Total customer deposit nil oz


We had 1 customer withdrawal:
i) Out of Delaware: 9,662.000 oz ??? the farce continues!!.
Total customer withdrawal: 9,662.000 oz


We had 1 adjustment and this is a strange one!!
i) out of Brinks: an exact 1,164.000 oz leaves as an accounting error.
i.e. an exact amount. How could this be possible??


Total dealer inventory: 64.604 million oz.
Total of all silver inventory (dealer and customer) 175.526 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 1 customer withdrawal:
i) Out of Brinks: 32.15 oz (1 kilobar)
Total customer withdrawal: 32.15 oz



We had 0 customer deposits:


Total customer deposits; nil oz


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 4 contracts for 20,000 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (16) x 5,000 oz to which we add the difference between the OI for the front month of January (104) – the Number of notices served upon today (4) x 5,000 oz = 580,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
16 contracts x 5000 oz= 80,000 oz +OI standing so far in January (104)- no. of notices served upon today(4) x 5,000 oz = 580,000 oz
We lost 3 contracts or 15,000 additional oz will not stand





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (2) x 100 oz or 200 oz to which we add the difference between the January OI (353) minus the number of notices served upon today (0) x 100 oz = 35,500 the amount of gold oz standing for the January contract month. (1.104 tonnes of gold)


Thus the initial standings:
2 (notices filed for the month x 100 oz) +OI for January (353) – 0(no. of notices served upon today) = 35,500 oz (1.104 tonnes)
We lost 34 contracts or 3400 additional ounces will not stand.
Total dealer inventory: 770,987.09 oz or 23.98 tonnes.
Total gold inventory (dealer and customer) = 7.895 million oz. (245.58) tonnes)





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Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 771.00, down 1.41%. WTI February crude was 52.69 down 0.58. Brent crude was 56.42 down 0.91. The spread between Brent and WTI was 3.73 down 0.33. The 30 year US Treasury bond was down 0.0500 at 2.7000. The 10 year T-Note was down 0.0500 at 2.1200. The dollar was up 0.88 at 91.16. The PPT/Dow was 17832.99 up 9.92. Silver closed at 15.79 up 0.10. The GSR was 75.3515 down 0.0405 oz of silver per oz of gold. CIA's Facebook was 78.45 up 0.43 (0.55%). March wheat was down 8.50 at 581.250. March corn was down 1.25 at 395.75. February lean hogs were up 0.100 at 81.300. March feeder cattle were up 4.125 at 221.450. March copper was down 0.009 at 2.818. February natural gas was up 0.114 at 3.003. March coal was up 0.00 at 49.87.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Mon, Jan 5, 2015 - 9:27pm
DayStar
Offline
Joined: Jun 14, 2011
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~~Harvey 5 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): At the start of the New Year, there are increasing signs that the recovery seen in property prices in many cities in western countries – namely Dublin, London and other UK cities and New York and other U.S. cities is beginning to peter out. Many cities have seen speculative frenzies return in recent months which led to price surges which would appear to be unsustainable – especially given the uncertain and poor geopolitical and economic backdrop. This has been the case in the UK and Ireland, the U.S. and indeed in Canada, Australia, New Zealand and a few other markets. The question at the start of 2015, is whether we are likely to see continued price gains or falls. There are all the hallmarks of an echo bubble akin to the one that burst so painfully in the ‘noughties’. In the UK, the respected Centre for Economic and Business Research (CEBR) has predicted a decline in British property prices this year. Prices rose 8.8%, on average, in 2014 with prices in London ballooning another whopping 20%. We would regard the CEBR’s outlook as the more credible. As covered here previously, London prices are unlikely to be sustained into the near future as Russian, Chinese and Arab money is no longer gushing into the London property market. Also, average homes in average areas are now beyond the reach of working husbands and wives on average and even good incomes. The average house price in London is £514,000. The median UK income is £22,044 and the median London salary is £35,438. Thus, the average house price is 14.5 times, the average salary. Overall, new rules over mortgage lending and a glut of sellers have stalled the rise of London and UK house prices. In the U.S., the Case-Shiller home price index, released on December 30 showed U.S. single family home price appreciation slowed less than forecast in October and there are signs that certain markets are topping out. What many fail to realise is that the “normal” very low interest rates of the last fifteen years are actually an absurd historic anomaly. Prior to the dot-com collapse interest rates in the West averaged and were regarded as normal at around 6 percent to 7 percent. A sixfold rise in rates from 0.5% to a meagre 3% would devastate home buyers in many countries internationally. House prices are losing touch with reality again. Sentiment appears to be changing. Beware of the property froth and prepare for the economic pain when prices begin to fall.










GoldCore on the price of Precious Metals: Shanghai Gold Exchange (SGE) premiums were trading at $4-$5 over the spot gold price showing Chinese demand remains robust. Gold’s poor performance is hurting gold coin sales and the U.S. Mint reported that sales from 2014 have seen their largest annual drop in eight years. American Eagle gold coin purchases were 524,500 ounces in 2014, down 39% from 856,500 ounces in 2013. In December, sales plummeted nearly 70% from the same time last year. Store of value bullion buyers are switching to silver eagles as they view silver as better value than gold at these levels. This is reflected in the record sales of silver eagles seen in 2014. German publication, Der Spiegel said that German Chancellor Angela Merkel is ready to accept a Greek exit or ‘Grexit’ should anti-austerity Syriza party win. Investors await Mario Draghi to ‘do whatever it takes’ and unleash quantitative easing in the form of sovereign bond purchases soon.








Zero Hedge: What is the underlying trade that requires Citigroup to keep adding to its swap exposure at a time when increasing volatility is forcing all other banks to unwind swaps in order to minimize VaR and be in compliance with Fed capitalization requirements? And then another lightbulb went over our heads: the last entity to do this was, drumroll, JPMorgan, in early 2013, just before its London whale trade imploded and when the bank’s attempt to corner the IG9 market failed miserably but not before JPM’s CIO trading desk doubled down, then doubled down again and doubled down some more taking their total derivative exposure to several hundred billion… before it all came crashing down. Now, we are not saying Citigroup is in the same boat as JPM’s infamous CIO which led to congressional hearings and what not – especially since $250 billion was manageable; $50 trillion will not be – but we do wonder: just what is going on behind the massively margined scenes, if Citi is following every page in the London Whale book and on top of everything it also had to lobby and petition Congress to change the law just so whatever it is that Citigroup is doing, it could continue to do, and what’s more: with explicit taxpayer-funded backing. Which leads us to the final question: Is Citigroup about to become the “New Normal” AIG?










Harvey: Today, markets plummeted throughout the globe as oil finished the day below the 50 dollar barrier. Merkel today stated that the Euro area can survive a GREXIT and that was the catalyst for the fall. The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 12 notices for 60,000 oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 245.58 tonnes for a loss of 57 tonnes over that period. In silver, the open interest rose by 50 contracts as Friday’s silver price rose by 7 cents. It is obvious that somebody is taking on the banks. The total silver OI still remains relatively high with today’s reading at 151,265 contracts. The January silver OI contract reads 103 contracts. In gold we had an increase in OI with the rise in price of gold on Friday to the tune of $2.10. The total Comex gold OI rests tonight at 375,184 for a gain of 3,538 contracts. The January gold contract reads 353 contracts. Today, we added 1.79 tonnes of gold/Inventory 710.81 tonnes. There was no change in silver inventory. SLV’s inventory rests tonight at 329.564 million oz. GOFO rates were negative and decreasing.










Chris Powell (GATA): Sprott Asset Management Chief Investment Office John Embry says that the professed U.S. economic recovery is only “brilliant propaganda,” that gold lately has been superb insurance against currency collapse in Russia and Argentina, that Russia is under foreign attack economically even though its government’s finances are far sounder than those of the U.S. government, and that the fall in the oil price has serious negative consequences. Embry also discusses the surprising popularity of the new Sprott Gold Miners Exchange-Traded Fund (SGDM).






Jonathan Stempel (Reuters): JPMorgan Chase & Co has become the first bank to settle an antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market. The settlement with the largest U.S. bank was disclosed today in a letter from lawyers for JPMorgan and the plaintiffs and filed in U.S. District Court in Manhattan. Terms were not disclosed. A settlement agreement is expected to be filed with the court by the end of January.






Bron Suchecki (Perth Mint): Indian Prime Minister Narendra Modi called "upon banks to convince people to channel their savings away from gold into financial instruments" by convincing "people that a bank is as safe and as reliable as they perceive about gold". Good luck with that, but we shouldn't underestimate the Government's resolve and the resulting impact on gold. this article also makes reference to a policy to converting India into a cashless economy. I think this is less about improving productivity as Modi is quoted as saying, and more about eliminating the cash economy and increasing government revenue. Gold is part of that cash economy and hence this gold mobilisation move is also about targeting black money. The scheme to "to provide all citizens with bank accounts" would have some impact on gold demand at the margins. Probably the only thing that would really help to kill gold demand in India would be as RBI governor Rajan was quoted as saying (and he obviously understands the real issue why Indian's hoard gold) making "positive real interest rates, i.e., yield higher than inflation rate, the cornerstone of his monetary policy-making."




Chris Powell (GATA): Former White House official Philippa Malmgren said today that government bond owners and ordinary people will take big losses in a derivatives blowup that will be too big for governments to control. Malmgren says: “Governments deliver less services to their citizens and tax them harder, and their standard of living declines. The insidious process of high inflation is another way governments are working to get out of their debt problems without it registering to ordinary people that there has been a transfer of wealth. They are essentially taxing the public to pay for the excesses of the financial system. In that sense the process has already started — it’s just that it hasn’t registered with people yet.”





Bill Holter (Miles Franklin): In my opinion, the entire global financial, economic and geopolitical systems are all one big “Manhattan Project” aimed at some sort of goal (NWO?). The “goal” is of course unattainable because markets are being pushed against Mother Nature. More and bigger lies along with more and bigger interventions are constantly needed to keep this thing on the track. I believe 2015 will be the year where “control” is lost because there are now too many moving parts to keep track of and too many broken parts to sweep under the rug. DS: Bill obviously gets it about collusion to control prices and purposeful suppression of the people while the banks rob us blind, but he won't go the extra step and recognize the motivation. It's not stupid and it's not greed. They didn't get to be trillion dollar banks by being stupid. They don't need any more money, what they want is everything, and they are willing to pry it from your cold dead fingers to get it. That's where Bill won't go. He does not see the cold, callus ruthlessness and cold blooded murder that these people have in store for us. Dave Hodges gets it, but Bill won't go there. He still thinks they will "lose control". No, Bill, they will achieve their objective when they purposely crash the global economy and thin the herd. When they get done, they expect to own everything, and dead men will not protest to the bankers taking it all.




Zero Hedge: The new year is not even a week old and already the volatility fireworks are off, as well as the continued commodity derisking. But while for now US stocks continue to be an island oasis in a turbulent global sea where GDP forecasts decline every single day, the same can not be said about either the Euro, which after crashing overnight to a 9 year low, and rebounding briefly, has continued to decline and is now once again flirting with a key support level, this time 1.19, last reached during the May 2010 first Greek bailout. The catalyst, as usual, Greece which may or may not be leaving the Eurozone shortly, as well as ongoing bets on ECB QE following this morning’s regional German inflation data which declined once more and now hints at outright deflation in Europe’s strongest nation. Meanwhile as the “developed” world is obsessing with Greece and Europe, where it “suddenly” realizes nothing has been fixed at all, China continues its relentless surge higher now that all chronic gamblers have left from Macau and rented out the UBS SHCOMP trading desk in Stamford, and as a result the Shanghai Composite Index surged once more, rising a whopping 3.6% to 3,350 in afternoon trading, led by industrials: the highest level since 2009. That this happens as copper falls for a third consecutive day, heading for its lowest closing price in more than 4 yrs, with NY copper down more than 1% to $2.7885 suggests that what a year ago was Chinese Bitcoin mania is now clearly raging in the stock market.




Zero Hedge: With just three weeks until the Greek snap elections on January 25 in which Tsipras’ Syriza is virtually assured of victory (unless somehow G-Pap’s “new and improved” political party manages to steal enough votes to prevent this, although one wonders what his political campaign will be: “vote for us because this time we know how to avoid a sovereign bankruptcy”), Germany takes yet another opportunity to remind the Greeks that it won’t be blackmailed (spoiler: it will) into another year of funding the insolvent Greek state which in turn will pretend to engage in another year of “reforms” (spoiler: it won’t).




Zero Hedge: Just over 4 months ago, the US was furious as the “mysterious” bloc launching bombing raids on Libya was identified as consisting of Saudi Arabia, UAE, and Egypt. This weekend saw another “mysterious” bombing raid, but as AP reports, this time it was not on Libya directly but on a Greek-owned tanker ship at the eastern Libyan port of Darna (killing 2 sailors). But what is surprising is not the intervention: after all, hardly a day passes now when there isn’t some small to medium political invasion taking place somewhere, in a world in which newsflow no longer affects anything. It is that both countries decided to roundly ignore advising the one country which previously had made it quite clear it has explicit national interests in Libya: the United States. The United States, the officials said, was caught by surprise: Egypt and the Emirates, both close allies and military partners, acted without informing Washington or seeking its consent, leaving the Obama administration on the sidelines. The Greeks have strongly condemned this “unprovoked and cowardly” act and are taking all necessary steps to identify and punish the perpetrators. One can’t help but wonder, if the Saudi/UAE bloc is doing everything in its power to eliminate all competition: from Russia to Venezuela to US shale; why not anyone transacting with a bunch of Libyan terrorists? Did The United Arab Emirates Just Declare War On Greece?




Tyler Durden: Having closed the Friday session less than 1 pip above the hugely important 1.2000 level below which there lay many stops, following this weekend’s news onslaught which seemed like a deja vu of the newsflow from the fall of 2011, where the main catalyst was the Reuters report that Germany is preparing to let Greece go once and for all (with the subsequent attempts at retraction barely noticed), or maybe just because someone wanted to price in a little more of the more than fully priced in by now ECB QE – which very well may not happen – the moment the EURUSD opened for trading it took out not only the critical 1.2000 stops, but within milliseconds the Euro found itself bidless and crashed to a low of 1.1864, promptly taking out the lows set in May 2010 when the first Greek bailout took place, and tumbled to a level not seen since March of 2006! DS: Tyler may have just set a record for a run-on sentence.




Zero Hedge: the world is starting to grasp the bottom line: it is not the financial exposure to Russia, or the threat of financial contagion should Russia suffer a major recession or worse: it is something far simpler that will lead to the biggest harm for Europe’s countries. The lack of trade. Because while central banks can monetize everything, leading to an unprecedented asset bubble which if only for the time being boosts investor and consumer confidence, they can’t print trade – that all important driver of growth in a globalized world long before central banks were set to monetize over $1 trillion in bonds each and every year to mask the fact that the world is deep in a global depression.








This Will Not End Well (In The Short Term)




Greg Hunter (USAWatchdog): Gold and derivatives expert Rob Kirby thinks crashing oil prices are going to lead to a 2008 style financial meltdown. This is not a maybe–a market explosion is going to happen in 2015. Kirby contends, “Oh yes, without a doubt, it will. It must because the income crude oil sales generate are used to pay the interest on the debt. . . . If you have a mortgage payment of $5,000 at the end of the month and you only have $2,500, you have defaulted. That is the position they are in right now. We just need to wait for some coupon dates to come and go because these guys won’t have the money. They don’t have the income.” Kirby also thinks what is happening with oil prices being cut in half in a matter of months is no accident. Kirby explains, “I look at what is transpiring in the crude oil market as yet another engineered or financial trickery on the part of the financial elites. . . . What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”




Zero Hedge: Social media is awash with striking images of #EmptyShelvesInVenezuela (#AnaquelesVaciosEnVenezuela) as the evaporation of basic human staples such as toilet paper has now been hyperinflated to total chaos at warehouses and supermarkets. As President Maduro decries the loss of $100 oil “stability”, vowing to return oil prices to their rightful places (and heads to China for help), lines reach for miles for milk and soap… and the people defy governmental bans on photographing empty market shelves… “We couldn’t find shampoo, so we washed our hair with soap. Now there’s not even soap.”










Michael Snyder (TheEconomicCollapseBlog): Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme. Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm. The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”
#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”
#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”
#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”






Dianne Depra (TechTimes): Asteroids are headed in Earth's direction and with most of them about as wide as a double-decker bus, a collision would most likely result in significant damage. However, while experts warn against the potential dangers of these asteroids, they also say that it is unlikely that these will veer off course and hit the planet. According to NASA's Near Earth Object Program, there will be 43 asteroids flying close to Earth in January and 25 in February. In March, the number further drops to 15. The biggest threat for January is the asteroid 2007 EJ slated to closely approach the planet on Jan. 12. With a maximum diameter of nearly 1 mile, the asteroid is traveling at around 34,500 miles per hour. The next-biggest asteroid threat for the first month of the year is the 1991 VE. It features a diameter of 0.87 miles and is expected to skim past the planet on Jan. 17. On Jan. 15 and 23, 0.68-mile wide asteroids will be flying by, the 2014 UF206 and the 2062 Aten, respectively. At 0.75 miles wide, the 2003 YK118 will follow in Feb. 27. On the same day, the biggest asteroid threat for the quarter, the 1.4-mile wide 2000 EE14 can be expected. For March, the biggest an asteroid will get will be the 2002 GM2, which measures 0.68 miles in diameter. It's scheduled to come close to Earth on March 3. The 2000 EE14 will also not only be the biggest for the quarter but it will also be flying by the closest, coming in up to nearly 17 million miles within the proximity of the Earth's center. Alarmed that about a million undetected asteroids are flying around in space right now, scientists launched Asteroid Day to raise awareness and prevent the disaster that happened 65 million years ago from happening as much as possible.




Nathan Leal (WatchmansCry.com): So what do we have to look forward to in 2015? The question should really be, "What should we prepare for in 2015?" Many things are approaching, including the sound of the drums of war against Russia, and other nations. War will become the developing story as public opinion in the West is swayed to accept it, ... and desire it! But in order for the general population to accept it, they must first be brainwashed by the New World Order Brigade into believing that Russia is the enemy of the USA and NATO. This will require OPERATION PROPAGANDA, which will entail a campaign of opinion engineering, brainwashing media presentations through - movies, video games, news reports, etc., cognitive political shaping, and false flag events. The initial false flags will be small, but eventually, when the incubation period of public opinion is ripe, "The-Powers-That-Be" will execute the big one! It will be a false flag that will galvanize the population into nationalism through blame and hatred towards Russia and other chosen countries. The other countries may include North Korea, China and /or a non-state group like ISIS, etc. The run-up towards war may take several years, but in 2015, the rumblings will begin which eventually, will build into a national crescendo that will desire it! As stated, it could take several years, but I must include that war could also begin towards the end of 2015. We are in uncharted territory folks. This thing could break wide open at any moment. The only thing that will prevent war is the mercy of God. Otherwise, the battle lines are being drawn...on a Pentagon Supercomputer! Many people want it to happen.
-- Obama wants it, to distract the population from his failed presidency!
-- The neo cons want it, because they are bloodthirsty vampires!
-- The IMF wants it, to try to save the dying US PetroDollar!
-- The New World Order wants it, to hand a victory trophy to the East in the aftermath.
-- The Illuminati wants it, so that their proverbial Phoenix can rise from the ashes.
-- Satan wants it, so that his Beast can rise from the sea!
-- and God is going to allow it, to rid this world of His adversaries!
The campaign to steer the public to desire war will to be crafty and very deceptive; and the majority of Americans will be hypnotized by its spell.




Anthony Cucciardi (NaturalSociety.com): There’s a lot of quite concerning and truly sneaky secrets behind the ingredient known as high-fructose corn syrup. Not only has the infamously-unhealthy additive gone through a ‘renaming’ process by corporations in an attempt to fool you into eating it, but it is also known to hold some tremendously toxic baggage. Now branded as ‘fructose’ in processed foods thanks to the whole issue of the public absolutely avoiding high-fructose corn syrup like the plague, it’s important to look back at one landmark study that revealed the presence of ultra-toxic mercury within the ingredient. Mercury is, as all of the experts admit, toxic in all of its forms. And as the study by the Institute for Agriculture and Trade Policy found, nearly a third of 55 popular brand-name food and beverage products that listed HFCS as the first or second ingredient were found to contain it. Even the co-author of the study, Dr. David Wallinga, warns: “Mercury is toxic in all its forms. Given how much high-fructose corn syrup is consumed by children, it could be a significant additional source of mercury never before considered. We are calling for immediate changes by industry and the [U.S. Food and Drug Administration] to help stop this avoidable mercury contamination of the food supply.” So why are we eating it? The reality is that since 2009, when this major study was released and syndicated throughout the Washington Post and others amid the daily news cycle, we have been knowingly consuming high-fructose corn syrup that is contaminated with mercury. Bad enough on its own, this combination now puts high-fructose corn syrup over the edge as one of the worst food offenders there is. Until the FDA takes action, the ultimate answer is to avoid eating foods that have high-fructose corn syrup hiding in its ingredients list. Here’s a list of items that commonly contain high-fructose corn syrup (and remember its new name can classify it simply as ‘fructose’): Soda, Juice, Chips and snack bags, Candy and candy bars, Breakfast bars, and Baking ingredients and mixes. Read more: https://naturalsociety.com/newly-renamed-high-fructose-corn-syrup-contai...
Follow us: @naturalsociety on Twitter | NaturalSociety on Facebook




F. MICHAEL MALOOF (WND): Rich Saudi Arabian men – some associated with the Saudi royal family – have been purchasing for their sexual pleasure Syrian girls and young women from among the hundreds of thousands of refugees fleeing the Syrian civil war conflict to Lebanon and Jordan. Most of these Saudi men are said to be in their 60s and 70s. When they tire of the girls, they often hand them off to other men. “They come into Lebanon and Jordan and go to the Syrian refugee camps where the Syrian families there have nothing,” one Lebanese source told WND. “The Saudis then offer $200 for girls aged 9 to 14 years and take them from their families. Because the families are so desperate for money, they give in to the temptation.” The United States, allied with Saudi Arabia, has been silent on its treatment of young girls..“Given the influence the United States has over Saudi Arabia, why hasn’t your president confronted the Saudis about this?” one source asked WND. “Sometimes, the girls are returned to their families, but they won’t have a future.” DS: In order to be marriageable, the girl must have her hymen intact. The returned girls are damaged goods and Muslim men will not accept them as wives. Read more at https://www.wnd.com/2015/01/saudi-religious-leader-oks-rape-of-children/...




Dave Hodges (TheCommonSenseShow): Kids are increasingly becoming victim to what is called the School to Prison Pipeline. It used to be a given that unless one committed murder, juveniles under the age of 18 did not go to jail or prison. That is no longer the case. The incarceration of our youth is big business. There are almost 75,000 juveniles in prison and the rates are skyrocketing because of a phenomenon that is now being referred to as the school to prison pipeline in which schools are increasingly refusing to deal with even minor discipline issues and are placing juveniles in police custody. In 2010, there were 5,574 school-based arrests of juveniles in the Chicago Public School. The juvenile arrests accounted for about one of every five juvenile arrests in the entire city of Chicago for all of 2010. The incarceration rates for Chicago’s juveniles are in line with most other metropolitan areas in the country. There is also a general trend of disproportionate rates of minority contact within the juvenile justice system, Black youth accounted for 74% of school-based arrests, and 22.5% of youth arrested were Latino. The enrollment of Chicago schools in was 45% Black and 41% Latino. These high arrest rates for so many of our minority youth, create potential slave laborers for the Prison Industrial Complex. Once a child is adjudicated in the justice system, society usually witnesses a straight line right to prison. These precious children are having their futures robbed from them before they can even get started. What are they being arrested for? The number one reason is for fighting on school grounds. The number two reason why children end up in the justice system is for possessing small amounts of marijuana. Since the advent of privatized prisons in 1984, America has witnessed the passage of laws that require minimum sentencing, without regard for any extenuating circumstances. Our prison system is experiencing a much larger percentage of work by prisoners, thus creating profits for Wall Street which in turn motivate the incarceration of more people for longer periods of time. And privatized prison corporate investors make happy campaign contributors. Therefore, you can bet that the proverbial poop rolls down hill to the cops and the push is on to incarcerate more and more. Some argue that is fine, but when one of the fastest growing segments of our prison population are children, we all need to sit up take notice and take action.

Bill Weather (FortyDreamz.blogspot.com): On 3/24/14, I dreamt I was in a crowd of Frisbee players who were watching try out competitions to see who could catch the difficult Frisbee throws that were being made. I was in the back of the crowds of about 60 or 70 guys there watching in try outs.


Suddenly, the Frisbee was thrown wildly and it came to me and I made a spectacular catch, catching it in my arm joint at the elbow. Then another wild throw and I made an amazing grab of the disk again. The other players there were really impressed at the catches I was making. It was like the disk just kept coming to me, though I was in the back of the crowd of players, just in a stand by mode.


Then the scene switched and I was chatting with coach Jeff Fisher (of the St Louis Rams). He was describing how he wanted to use me in a pulling situation to create havoc to get to the ball. The coach had a lot of confidence in me. When with him, I was wearing a big straw cowboy hat. I had an excitement and confidence of playing on the team and getting ready for the season to begin.

Then the scene switched again and I was done my meeting with coach Fisher and on the ground by me were some thorns someone had set there which I had to walk around. The thorns almost snagged my lower calf as I walked by them.

Interpretation: This dream is about the Lord preparing me for the season of ministry he's giving me. The wild throws represent how things are going to get crazy and out of control soon, but the word of this ministry is going to be there to catch the frisbee before it falls, the word, to catch people before they fall. The disc is also as The WORD and the prophetic word will appear wild and out of place, as were the throws of the frisbee, because destruction comes suddenly without expectation. The disc kept coming to me because the word is wanting to make it's mark thru me to get the attention the word of God deserves, though in ministry, I'm considered nothing by those in the church who are in the front of the crowds, striving for ministry. Being in the back in stand by mode, I am not striving and don't need to. The Lord knows those who he has plans with.

Coach Fisher is coach for fishers of men. This is God's way, as in other football dreams he's given me, telling me how he wants to use me to get to the ball, the word of God, so to move it in the right direction, because much of the church is not preparing their people with the word properly, because of the massive destructions that are soon coming, which the church is contrary to. The churches of quarterbacks are soon going to loose the ball when the great destructions to this nation begin and getting to the ball, the word, is wanting. Pulling me, while the others push is a stategic positioning by the Lord to use me to get to the ball, the word and carry it for that time to come, because the quarterbacks in the church are going to get sacked by the great troubles coming because they've resisted the prophets, and watchmen and did not prepare.


The big cowboy hat made of straw is a symbol of confidence and authority, but also short lived, that the lord is entrusting me with, like a leader to get attention to his prophetic word for this day. The hat was big because this calling is going to be significant for the people to awaken. The hat made of straw and not of something more long lasting and durable is a reminder that this prophetic evangel work will be short lived because this qwakeup word of prophecy for the US will be coming to pass quickly.


The preparation and council by Coach Fisher is the Spirit getting me ready for the season of prophetic evangel ministry. The thorns are a warning to me, to stay humble and watch out for anything that might snag me before the season begins. The enemy will try to ensnare me, but the Lord has confidence in me, which is a great encouragement to me to prepare.


I am looking to see if Yah times the provision and preparation for this time of ministry, to correlate it with the football pre-season coming up.


Father Yah, Lord Jesus, thank you for this dream! I am encouraged to prepare for the season of ministry you have for me coming soon. As you showed me in 3 other dreams, I know you will provide for it as well and I look forward to the provision for what's ahead to bring attention to your word. Thank you for having confidence in me and getting me ready. Thank you for counting me faithful for this purpose. I do not make light of it. Keep me from the thorns and entrapments of the cares of this world and the flesh, and quicken me to see when the branches of thorns are coming at me, to stay humble and to avoid all issues that would divert me from the focus of the purpose and the harvest coming thru your word. Amen!

Amos 3:7 Surely the Sovereign LORD does nothing without revealing his plan to his servants the prophets.


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

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










Quote:



Good evening Ladies and Gentlemen:


Here are the following closes for gold and silver today:





Gold: $1203.90 up $12.90 (Comex closing time)
Silver: $16.18 up 45 cents (Comex closing time)













Friday, Jan 2nd Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 50 contracts from 151,215 up to 151,265 as silver was up by 7 cents on Friday. The front January contract month saw its OI fall by 1 contract down to 103. We had 12 notices filed on Friday, so we gained 11 contracts or 55,000 additional oz will stand.The next big contract month is March and here the OI fell by 231 contracts down to 102,952.





In Gold:




Quote:

The total gold Comex open interest rose today by 3,538 contracts from 371,646 all the way up to 375,184 with gold up by $2.10 on Friday (at the Comex close). We are now onto the January contract month. The non active January contract month remained constant at 353. We had 0 contracts served up on Friday. Thus we neither lost nor gained any additional ounces standing for the January contract month. The next big delivery month is February and here the OI rose by 2,017 contracts to 216,586 contracts.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 21,287. The confirmed volume on Friday was fair at 36,360. We had 12 notices filed for 60,000 oz today.





In Gold:




Quote:

The estimated volume today was poor at 79,981. The confirmed volume on Friday was also poor at 128,989 contracts, even although they had some help from our high frequency traders. The Comex now has no credibility and many investors have vanished from this crooked casino. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz
We had 2 customer deposits:
i) Into Brinks: 299,808.810 ox
ii) Into Scotia; 201,663.25 oz.
Total customer deposit 501,472.06 oz oz


We had 3 customer withdrawals:
i) Out of Brinks: 211,423.510 oz
ii) Out of CNT: 144,396.85 oz
iii) Out of Scotia; 132,799.740 oz.
Total customer withdrawal: 488,629.100 oz


We had 2 adjustments:
i)Out of CNT: 43,768.600 oz was adjusted out of the customer and this landed into the dealer account at CNT
ii) Out of Delaware: 14,220.800 oz was adjusted out of the customer and this landed into the dealer account at Delaware.
Total dealer inventory: 64.662 million oz.
Total of all silver inventory (dealer and customer) 175.538 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 0 customer withdrawals
Total customer withdrawal: nil oz


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


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 12 contracts for 60,000 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (28) x 5,000 oz to which we add the difference between the OI for the front month of January (103) – the Number of notices served upon today (12) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.


Initial standings for silver for the January contract month:
28 contracts x 5000 oz= 140,000 oz +OI standing so far in January (103)- no. of notices served upon today(12) x 5,000 oz = 595,000 oz.
We gained 11 contracts or an additional 55,000 ounces of silver will stand for delivery in this January contract month.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (2) x 100 oz or 200 oz to which we add the difference between the January OI (353) minus the number of notices served upon today (0) x 100 oz = 35,500 the amount of gold oz standing for the January contract month. (1.104 tonnes of gold)


Thus the initial standings:
2 (notices filed for the month) x 100 oz + OI for January (353) – 0 (no. of notices served upon today) = 35,500 oz (1.104 tonnes)
We neither gained nor lost any gold ounces standing for the January contract month.
Total dealer inventory: 770,987.09 oz or 23.98 tonnes.
Total gold inventory (dealer and customer) = 7.895 million oz. (245.58) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 771.00, down 1.41%. WTI February crude was 49.91 down 2.78. Brent crude was 53.07 down 3.35. The spread between Brent and WTI was 3.16 down 0.57. The 30 year US Treasury bond was down 0.0900 at 2.6100. The 10 year T-Note was down 0.0800 at 2.0400. The dollar was up 0.26 at 91.42. The PPT/Dow was 17501.65 down 331.34. Silver closed at 16.19 up 0.40. The GSR was 74.4348 down 0.9167 oz of silver per oz of gold. CIA's Facebook was 77.19 down 1.26 (1.61%). March wheat was up 7.75 at 589.000. March corn was up 10.25 at 406.00. February lean hogs were up 0.000 at 81.300. March feeder cattle were up 0.000 at 221.450. March copper was down 0.001 at 2.818. February natural gas was up 0.000 at 3.003. March coal was down 0.90 at 48.97.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Tue, Jan 6, 2015 - 9:28pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 6 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): With Greeks going to the polls to elect a new government in just over two weeks, concerns over a potential Greek exit or ‘Grexit’ from the euro is growing and this has led to the euro falling against the dollar and particularly gold. Speculation as to the consequences of a Syriza victory has caused the euro to fall to it’s lowest level against the dollar since 2010. Gold has surged to close to EUR 1,020 per ounce this morning – building upon the 11% gains seen in 2014. Over the weekend Germany’s Der Spiegel reported Angela Merkel’s view that Germany would be “comfortable” with a Greek exit and that “any fallout would be manageable.” That the Chancellor felt the need to make such comments is been seen by some as an attempt to scare the Greek people away from voting for anti-austerity group Syriza. Syriza’s leader, Alexis Tsipras has already indicated that it is not his intention to pull Greece out of the Euro-zone but to renegotiate certain aspects of the bailout agreements with the Troika, particularly those seen as an unjust debt burden placed on average Greek citizens. However, it may be that Germany fears the precedent of reopening negotiations between the Troika and Greece lest other countries upon whom onerous conditions were placed – such as Ireland – follow their example. The assertion that the EU could “comfortably” manage the exit of Greece is a silly one – particularly at this very delicate and uncertain time. European sanctions on Russia appear to be taking a significant toll on the already fragile European economy. Italy’s former Prime Minister, and former head of the European Commission, Romano Prodi, highlights the problem thus: “The lowering of the oil and gas prices in combination with the sanctions, pushed by the Ukrainian crisis, will drop the Russian GDP by five percent per annum, and thus it will cause cutting of the Italian exports by about 50%.” Similar dynamics are playing out in Poland and France.




GoldCore on Comex in Hong Kong: CME Group announced today that it will launch its kilobar contract in Hong Kong on January 26. This new contract will be listed on Comex and will have contract listings similar to the familiar structure of the benchmark 100 troy ounce Gold Futures contract listed on Comex. It will be tied directly to 9999 gold prices in Hong Kong and can be physically delivered in Hong Kong. “The introduction of our Gold Kilo Futures contract will provide price discovery in this key Asia bullion trading hub to market participants around the world, virtually 24 hours a day,” the CME said in a statement. Chinese demand remains robust but has fallen from higher levels seen in recent days and is down from $7 yesterday to $4 or$5 today. Silver was up another 1% at $16.40 an ounce.










Jessie (American Cafe): Sprott Physical Gold Trust saw about 30,000 ounces of gold bullion redeeming, with a commensurate elimination of unit shares in the exchange. That makes it about 66,680 ounces, or 2 tonnes, redeemed at these prices since December 1, 2014. The withdrawal from Sprott Gold Trust is an indication of the mispricing of gold bullion and the tightness and leverage behind the scenes in the physical gold market. The Sprott Physical Silver Trust’s cash levels have fallen below one million. There is going to be a secondary offering to bulk up those cash levels some time this year. While the spike in gold and silver prices today were enjoyable for those who are bullish on the metals, these sharps rises and drops are symptomatic of the highly leveraged paper pricing that is called the Comex.








Bill Holter (Miles Franklin): Looking at volatility moves in the dollar, oil and many stock and bond markets leads me to believe there are huge margin calls and unfunded positions behind the scenes. Some very strange events have taken place, a perfect example would be 10 yr. Spanish bonds issued by an obvious bankrupt trading under 1.5%. The dollar move on FOREX these past weeks tells me one of two things, either something blew up …or the move itself blew someone up. The action we have witnessed is not normal and certainly not sustainable because of the derivative losses created. When you add the puzzle piece of what Russia and China are doing together, it tells me they are “readying” for the derivative daisy chain to break. China is preparing the yuan to ascend to reserve currency status while Russia is preparing the clearing infrastructure mechanism. https://www.bloombergview.com/articles/2014-12-25/china-steps-in-as-worl... As for the West, “bail ins” have been legislated into law over the last year for a reason. They know “it” is coming. The latest act of Congress which saddles FDIC with broken banks busted by derivatives should also tell you something …they know it’s coming! Laugh this off if you like, whether the West is ready or not, the East has been preparing and will be.












Harvey: Today we had a lot of developments. First WTI breaks into the 47 dollar column creating havoc for our sovereign countries loaded with oil e.g Canada, Russia, USA, England (North sea), Venezuela etc. The dollar keeps rising due to the breaking up of the dollar carry trade. As we have mentioned to you on many occasions, this in turn blows up the derivatives in oil and the major banks who have underwritten much of these contracts when oil was north of 100 dollars per barrel. It certainly looks like the bankers are having a tough time trying to contain gold. Generally the bankers do not like to see gold/silver rise on two consecutive days, but that is what we got today. Over in Greece, the Oxford Economic group have done a lot of research into the upcoming election and they have come to the conclusion that Syriza will have a majority and as such Syriza can ask for a Greek haircut or pullout of the Euro monetary zone. Markets reacted negatively to this news. In other developments we are witnessing the Euro/Swiss Franc trade at 1.20088 as I publish this report. The Swiss National bank is the only guys bidding for Euros. If this all important 1.20 peg is broken you can be assured this will create a lot of havoc for the Swiss government and its citizens. The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 0 notices for nil oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 246.72 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 17 contracts as yesterday’s silver price rose by 45 cents. It is obvious that somebody is taking on the banks. The total silver OI still remains relatively high with today’s reading at 151,282 contracts. The January silver OI contract reads 91 contracts. In gold we had an increase in OI with the rise in price of gold on yesterday to the tune of $12.90. The total Comex gold OI rests tonight at 378,485 for a gain of 3,391 contracts. The January gold contract reads 150 contracts. Today we lost 2.99 tonnes of gold, and the inventory stands at 707.82 tonnes. In silver we lost 149,000 oz of inventory. SLV’s inventory rests tonight at 329.415 million oz. GOFO was basically unchanged.



Zero Hedge: Same slide, different day, as the crude crash continues, with both WTI and Brent tumbling to multi-year highs, below $49 and $52 respectively. This happened despite the news overnight that China is accelerating 300 infrastructure projects valued at 7 trillion yuan ($1.1 trillion) this year, suggesting that China will focus more on fiscal policy than monetary easing, which in turn led to much confusion in the SHCOMP, which fluctuated up and down for the day several times before finally closing unchanged. There was no confusion about the stops slamming USDJPY, and its Nikkei225 derivative which tumbled 3%, sending Japanese Treasury yields to fresh record lows. Record low yields were also seen in Germany, Austria, Belgium, Netherlands, Finland, France (and many other places), which in turn forced the US 10 Year to finally dip back under 2.00%. In fact, taken together, the average 10Y bond yield of the U.S., Japan and Germany has dropped below 1% for the first time ever, according to Citi.







This Will Not End Well (In The Short Term)










MSN.Com: Medicinal drugs in the U.S. are in short supply. Some are so scarce — medicines for heart problems, arthritis, diabetes, cancer, Lyme disease, and tuberculosis as well as antibiotics and crucial saline solutions for patients too sick to eat or drink — that patients are dying because they can't get access to them. The shortage goes back at least a decade and shows disturbing trends. In 2007, the Food and Drug Administration listed 154 drugs that were in short supply or no longer available. That figure exploded to 456 in 2012. Today there are more than 300 drugs listed in short supply by the FDA. The situation is pressuring U.S. hospitals to pay at least $230 million more a year than they ordinarily would to find alternative treatments, according to Michael Alkire, COO of Premier, an alliance of hospitals and health care providers. "Hospitals have been scrambling to continue to provide outstanding patient care while there are short supplies," he said. More importantly, the shortage may have caused the deaths of 15 people in 2011 when substitute drugs were used instead of first-line treatment medicines that were in short supply, according to one news report. And a 2012 study discovered that when drug shortages forced doctors to switch medications in a clinical trial for Hodgkin lymphoma, the number of patients who were cancer-free after two years fell from 88 percent to 75 percent. "I think we're at a point that some hospitals and doctors may not have what they need to treat a patient," said Erin Fox, a professor in pharmacotherapy at the University of Utah and a leading expert on drug shortages. What's the cause? One reason for the drug shortages is spikes in demand for treatments when disease breaks out. Other reasons include a lack of materials to make the drugs, as well as delays in getting government approval for new and experimental drugs. DS: In other words, TPTB want us dead.










IraqiNews.Com: On Saturday, MP Majid al-Ghraoui said that, an American aircraft dropped a load of weapons and equipment into the hands of the ISIS group militants in southeast of Tikrit, located in Salahuddin province. MP Majid al-Ghraoui, the member of the Security and Defense Committee in the Parliament, said: “The information that has reached us in the security and defense committee indicates that an American aircraft dropped a load of weapons and equipment to the ISIS group militants at the area of al-Dour in the province of Salahuddin.” He added, “The committee will set a meeting within the next few days to follow up on that incident,” pointing out that, “This incident is continuously happening and has also occurred in some other regions. The U.S. is trying to obtain more benefits and privileges from the government to set military bases in Iraq,” Ghraoui said. Noteworthy, the security committee in Salahuddin Provincial Council announced today, that unidentified air crafts dropped weapons and gear to the ISIS group elements in southeast of Tikrit.










Geophysicist Páll Einarsson believes that Bárðarbunga volcano, which is currently feeding the eruption in Holuhraun, may impact other volcanoes in the vicinity, most likely Tungnafellsjökull, where increased seismic activity has been picked up. “Almost every day now we see earthquakes in Tungnafellsjökull clearly related to these events so Bárðarbunga is trying to stir up some action in Tungnafellsjökull,” Páll commented in an interview with RÚV. Páll explained that there is a multitude of volcanoes to the north and west of Vatnajökull which are believed to be connected in some way. Bárðarbunga lies under the northwestern glacier. Grímsvötn is another well-known sub-glacial volcano. Other well-known volcanoes in the vicinity, in addition to the aforementioned Tungnafellsjökull the north of Vatnajökull, include Torfajökull, Hamarinn (aka Lokahryggur), Kverkfjöll and Askja. Páll finds it unlikely that the current events will trigger an eruption in Askja, as earlier speculated, even though the northern edge of the new lava field is approaching the volcano. “The longer that the current course of events carries on, it becomes less likely, but there are great many possible scenarios,” he said. “At the moment, [an eruption in] Tungnafellsjökull is most likely.” Bárðarbunga is known for having an impact on other volcanoes. The so-called Settlement Eruption of 871 is believed to have been a joint effort by Bárðarbunga and Torfajökull. In the Veiðivötn and Laugahraungos eruptions from 1477, a large intrusive dike from the Bárðarbunga system started an eruption in Torfajökull. More recently, Bárðarbunga is believed to have caused the sub-glacial eruption in Gjálp in 1996, resulting in a flood, when a dike is thought to have formed to the south from the volcano. The eruption in Holuhraun has now carried on for four months. There has been little seismic activity in Bárðarbunga in recent days but a 5.3 magnitude earthquake hit the caldera on December 30, ruv.is reports.






Michael Snyder (TheEconomicCollapseBlog): The following are 11 predictions of economic disaster in 2015 from top experts all over the globe: #5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”
#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”
#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”
#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.
If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”
#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”






Bill Weather (FortyDreamz.blogspot.com): On 6/22/14, I dreamt I was serving a beautiful woman. I found myself knelt down collecting dirt she was sweeping into the dust pan I was holding. Thoughts were that I was in love and going to marry this woman, yet couldn't presently have her, because she was already married. Then, in thru the front door came her happy husband, home from a day of work. I then greeted him heartily as he walked thru the front door. Immediately after waking from this dream, I said no way, this is adultery! This ain't right, but after some time of initial reaction, the Lord began to speak the interpretation. The woman I am serving is the church, his people. I am serving her in the low place and trying to clean, with her, in a small way, some of the dirt that's been in the house. My thoughts of love for this woman and marrying her is that her husband, the provider, the economy, is going to die soon and this will then, leave her free to re-marry. I will then be married to the church and will then be a part of providing for her, as God provides. I will be married to this woman the church, but right now, I am just serving her, but not married to her. I cannot be married to her at this time because she is married to the US economy and the vain hopes, pursuits and dreams that are attached to it, but soon, her husband is going to die, and the hopes, pursuits and dreams of it and then, we will be married to the true reality, that the only true hope and dream is the Kingdom to come! For I and the Lord cannot make true marriage covenant in substance with a woman who has vain dreams, pursuits and hopes, tied to this economy, soon to crash and burn. I greeted the husband walking thru the door heartily because I was glad that the economy is doing well and the provider is there for the wife, for I know how hard and stressful life can be in a bad economy! As the husband walked thru the door, he was happy after his day of work, as a person who is oblivious to his fate. So too, are the people of today oblivious to their fate. The economy is going to suffer an economic blow that is going to leave it a cripple, begging for bread. The people are going to be in great distress, as they see their dreams and hopes for this life come crashing down in the great implosion of this economy.




























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










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










Quote:



Here are the closes for gold and silver today:





Gold: $1219.30 up $15.40 (Comex closing time)
Silver: $16.60 up 42 cents (Comex closing time)



In the access market 5:15 PM:




Gold $1218.50
Silver $16.53













Monday, Jan 5th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 17 contracts from 151,265 up to 151,282 as silver was up by 45 cents yesterday. The front January contract month saw its OI fall by 12 contracts down to 91. We had 12 notices filed yesterday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI fell by 346 contracts down to 102,606.





In Gold:




Quote:

The total gold Comex open interest rose today by 3,301 contracts from 375,184 all the way up to 378,485 with gold up by $12.90 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI fall by 209 contracts down to 150. We had 0 contracts served yesterday. Thus we lost a massive 209 contracts or 20,900 oz will not stand. Obviously this was cash settled with a fiat bonus. The next big delivery month is February and here the OI rose by 1819 contracts to 218,396 contracts.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 17,598. The confirmed volume yesterday was excellent at 50,058. We had 0 notices filed for nil oz today.





In Gold:




Quote:

The estimated volume today was poor at 76,287. The confirmed volume yesterday was fair at 159,496 contracts, even although they had some help from our high frequency traders. The Comex now has no credibility and many investors have vanished from this crooked casino. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz
We had 0 customer deposits:
Total customer deposit nil oz


We had 3 customer withdrawals:
i) Out of Delaware: 5,926.75 oz
ii) Out of HSBC: 914,827.26 oz
iii) Out of Scotia; 257,627.34 oz.
Total customer withdrawal: 1,178,381.35 oz


We had 1 adjustments
i)Out of Delaware/an accounting error and 1058.78 oz was subtracted out of inventory.
Total dealer inventory: 64.662 million oz.
Total of all silver inventory (dealer and customer) 174.359 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 0 customer withdrawals
Total customer withdrawal: nil oz



We had 1 customer deposit: the farce continues.
i) Into Scotia; 36,972.500 oz (1150 kilobars)
Total customer deposits; 36,972.500 oz oz


We had 0 adjustments





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 0 contracts for nil 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (28) x 5,000 oz to which we add the difference between the OI for the front month of January (91) – the Number of notices served upon today (0) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
28 contracts x 5000 oz= 140,000 oz +OI standing so far in January (91) - no. of notices served upon today(0) x 5,000 oz = 595,000 oz


We neither gained nor lost silver ounces standing for the January contract month.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (2) x 100 oz or 200 oz to which we add the difference between the January OI (150) minus the number of notices served upon today (0) x 100 oz = 15,200 the amount of gold oz standing for the January contract month. (.4727 tonnes of gold)
We lost a whopping 20,900 oz to cash settlements.
Thus the initial standings:
2 (notices filed for the month x 100 oz) +OI for January (150) – 0 (no. of notices served upon today) = 15,200 oz (.4727 tonnes)


We lost a whopping 20900 oz to cash settlements.

Total dealer inventory: 770,987.09 oz or 23.98 tonnes.
Total gold inventory (dealer and customer) = 7.932 million oz. (246.72) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 761.00, down 1.30%. WTI February crude was 48.01 down 1.90. Brent crude was 51.07 down 2.00. The spread between Brent and WTI was 3.06 down 0.10. The 30 year US Treasury bond was down 0.0900 at 2.5200. The 10 year T-Note was down 0.0800 at 1.9600. The dollar was up 0.35 at 91.77. The PPT/Dow was 17371.64 down 130.01. Silver closed at 16.55 up 0.36. The GSR was 73.6737 down 0.7611 oz of silver per oz of gold. CIA's Facebook was 76.15 down 1.04 (1.35%). March wheat was up 2.75 at 591.750. March corn was down 1.00 at 405.00. February lean hogs were down 2.725 at 78.575. March feeder cattle were down 0.575 at 220.875. March copper was down 0.051 at 2.767. February natural gas was down 0.065 at 2.938. March coal was down 0.39 at 48.58.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Wed, Jan 7, 2015 - 10:26pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 7 Jan 2015

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










News and Commentary






Mark O'Byrne (GoldCore): 2015 has not started well for bitcoin with prices having fallen 12%, from $320 to $288. The cyber attack on a leading bitcoin exchange is the latest challenge for the fledgling digital currency. Bitstamp, Europe’s leading bitcoin exchange – and third largest globally – has been off-line following a breach in their system by hackers on Sunday night. The UK based company has suspended lodgements and withdrawals and reported that roughly $5.1 million, around 19,000 BTC, had been ‘lost.’ The revelation follows the disclosure that Bitstamp’s wallet system has been compromised, prompting it to halt deposits and later shut down its platform entirely according to Coin Desk. Today, Bitstamp said it expected to resume trading within 24 hours after suspending operations because of the ‘security breach.’ The bulk of the digital currency units are in cold storage – on computers not connected to the internet – and are therefore safe from further predations, the company has said. “Bitcoin customers can rest assured that their bitcoins held with us before temporary suspension of services . . . are completely safe and will be honoured in full,” Bitstamp said. 2014 was a tough year for bitcoin with prices falling from over $800 to just over $300. At its height, Bitcoin was trading at $1240. But in the run-up to and following the bankruptcy of the leading Mt Gox exchange, it has declined in value to around $285. It is imprudent to rely on any asset which derives its value from or can only be accessed through the internet and certain online platforms and websites. This includes bank deposits in our modern digital banking system. In the event of a systemic crisis involving issues with ATMs, online bank accounts, capital controls and bail-ins – it will be prudent to own some assets that are outside of the financial system and indeed outside of the technological grid.




GoldCore on the Financial Risks of Cyberization: As tensions mount geopolitically – thankfully the consequences of military confrontation between nuclear-armed superpowers makes war a last resort – the Western bloc, Russia and China have all been experimenting with non-conventional warfare which include disabling the internet in target countries to collapse the economy. If the internet and the financial system was brought down through unconventional warfare, criminal cyber attacks or simply a major glitch in the system – which has grown so complex that it is incomprehensible even to specialists – the assets of many people would be ‘erased’ and inaccessible. Technology is a great enabler. But it can also be a great disabler. It is important to be aware of this. Cyber and technology risk in the modern era is another reason to own physical coins and bars in an allocated and segregated manner, in the safest vaults, in the safest jurisdictions in the world.










Chris Powell (GATA): Currency destruction and oil’s price collapse make a perfect combination for gold-producing companies, as the value of their product increases and the cost of producing it falls, Sprott Asset Management’s John Embry says.




Lawrence Williams (Mineweb): Not for nothing is silver referred to as the ‘Devil’s metal’ or ‘gold on steroids’. It is hugely more volatile than its sibling – however, last year’s underperformance was remarkable even so. Indeed during the year silver reached over $21 in July but the metal’s performance down to the year end was, to say the least, dismal – falling as low as $15.28 in early November. Silver is always reckoned to underperform gold in a downturn, but given gold was pretty well flat over the full year the drop in silver was far greater than investors might have expected. While silver tends to underperform gold on the downside, it conversely tends also to outperform gold on the upside and gold’s start to the year will have been giving silver bulls a little hope. But the almost unanimous thumbs downs for the year for silver from mainstream precious metals analysts may be putting something of a damper on such hopes. here were, however, a major anomaly in silver’s poor price performance over the year in that sales of American Eagle silver coins hit a new record in 2014 at around 44 million, eclipsing the previous record of 42.7 million in 2013, while reports of Chinese and Indian consumption have suggested that investment and industrial demand is at very high levels in both the East and the West which flies in the face of the price performance. There is also the suggestion that silver supply will be in a fairly substantial deficit in 2015 (assuming the largely unpredictable investment offtake remains strong). Silver’s fundamentals thus look to be good BUT in today’s precious metals markets real fundamentals seem to have little impact on prices which appear to be increasingly being driven by speculative trading on the futures markets. The downside in silver is fairly limited, although some observers still see a drop to around $13 if gold doesn’t pick up, but the upside potential if gold does improve in price looks as though it could be very positive. But be warned, silver has burnt many investment fingers in the past and no doubt will again in the future. DS: We only have 6000 years of history that tells us that silver is money. Anyone that chooses to look at the evidence can see that the price of silver in terms of dollars has been artificially suppressed and does not reflect any sort of supply=demand reality. The only reason anyone has been burnt is because they bought paper silver on the margin. Anyone that bought real silver is just underwater like a householder, but unlike real estate, silver will regain its lustre. It's just a matter of time. So, if you have dry powder after getting a margin call on your dollar's short position, you might consider silver as a safe haven for the time when the paper market rolls over and goes Tango Uniform.








Bill Holter (Miles Franklin): Why has the dollar been so strong and what does it mean? First, as I mentioned yesterday, the dollar carry trade is unwinding and dollar shorts are being squeezed. The ramifications are plentiful. Foreigners are experiencing local inflation as their currencies drop versus dollar based food commodities etc.. This will not put the U.S. in any favorable light as foreigners now lose more control over internal pricing of external products. The strong dollar, and moving as rapidly as it has is also creating margin calls within the global financial system. We have not gotten news from any individual banks yet but rest assured, some have already been rendered bankrupt by being short dollars, long oil or some combination. I believe the derivatives market is no longer in danger of blowing up, I believe it already has! This situation has not been lost on Mr. Putin as Russia suggested directly to Europe they change allegiance when it comes to trade. He has invited Europe to trade “more naturally” with their own neighbors in the new Eurasian Union. This makes perfect sense and should be viewed by Europe as an “olive branch” rather than “the hammer” of lost energy supply. Even the timing of this proposal is prescient. Greece will vote for a new government at the end of this month. All polls suggest the party in favor of an exit from the EU is in the lead. Maybe the election will “turn” or be stolen and this is a false alarm but a Greek exit from the EU means the end to Western finance as we know it. It looks like something will come to a head very quickly. In my opinion, in spite of all the recent “tightening” speculation, I believe we will see by necessity a “QE 4″ shortly. The dollar cannot continue on its recent path, and in fact must reverse or a financial implosion will be exposed. Asset prices, FOREX and oil in particular have swung wildly. This has created massive margin calls whether we see them or not. An announcement of QE 4 would pressure the dollar downward and support oil prices. I personally do not believe it will be done “in time” as the internal collateral damage has already been done. I also don’t believe it will change the outcome of a monetary crisis where the last currency standing will be gold …valued at multiples of current levels in ALL paper currencies.




Chris Powell (GATA): Welfare states have only two options, GoldMoney founder and GATA consultant James Turk tells King World News tonight: default on their unpayable debt and other financial promises or devalue their currencies.








Harvey: The gold Comex today had a poor delivery day, registering 6 notices served for 600 oz. Silver Comex registered 76 notices for 380,000 oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 1597 contracts as yesterday’s silver price rose by 42 cents. The total silver OI continues to remains relatively high with today’s reading at 152,879 contracts. However the bankers are loathe to supply much of the non backed silver paper.The January silver OI contract reads 91 contracts, the same as yesterday. In gold we had a monstrous increase in OI with the rise in price of gold yesterday to the tune of $15.40. The total Comex gold OI rests tonight at 394,021 for a gain of 15,536 contracts. The January gold contract reads 133 contracts. The bankers were not afraid to supply the non backed gold Comex paper. Today, we lost 2.99 tonnes of gold and inventory stands at 704.83 tonnes. We lost 958,000 oz in silver inventory. SLV’s inventory rests tonight at 328.457 million oz. GOFO was negative in the one month and increasing.










Zero Hedge: While deflation happening once-again crushes the ECB’s credibility, the “good news”, and the reason stocks took off the moment deflation hit, is that algos are desperately hoping this finally unleashes Eurozone QE, perhaps as soon as three weeks from now when the ECB is said to be discussing three different options. This is taking place despite not only Merkel advisor Lars Feld warning ECB will “damage its reputation” if it announces QE plans before the Greek election but Merkel ally Michael Fuchs repeating that Grexit is no longer a systemic threat, and warning that launching QE now would crush any impetus for further reforms. He is right, but algos don’t care. At least not for now, and as a result futures are sharply higher on both sides of the Atlantic.










Tyler Durden: A tragedy is unfolding in Paris where armed men stormed the Paris offices of French satirical magazine Charlie Hebdo on Wednesday morning, killing “at least 12 people” and injuring more, said a police officer. As a reminder, it was in November 2011 when the Charlie Hebdo’s headquarters were gutted by fire, hours before a special issue of the weekly featuring the Prophet Muhammad appeared on newsstands. Since then, the weekly moved to a new location, which was guarded by police, who were also shot at Wednesday morning. The shooters opened fire inside the magazine’s offices using automatic AK-47 rifles before fleeing, said the officer, cited by the WSJ. The attackers, described as “a commando with Kalashnikov and pump action… they went in there to kill” are believed to still be at large as France is “in shock” according to its president. Hollande said that the security level had been increased in Paris and a number of terrorist plots had been foiled in recent weeks. DS: I wonder if this will result in cries to ban civilian ownership of automatic weapons in France--oh, wait! They're already illegal in France.






Zero Hedge: Seven reasons to be fearful in 2015--1) Strong Dollar: Further dollar appreciation can be viewed as a tax on exports, since they appear higher-priced compared to products fabricated overseas. 2) Emerging Markets: For the developing world, persistent dollar strengthening invites a great deal of instability. In the past, this has led to revaluations, pegging and de-coupling from the dollar. The Thai baht crisis in 1997 had long tentacles that hit Russia, causing a default on sovereign bonds. 3) Cheap Oil: Regionally, low oil prices could prove costly to some outperformers among the United States in recent years, including Texas, North and South Dakota, Minnesota and Oklahoma. This also carries negative consequences for state and local tax revenues. 4) The Federal Reserve: Interest Rates will rise when the data support a full employment and stable price environment. That appears close, if not already achieved. Yet the rate increase won’t happen if the situation regarding key world economies, the stronger dollar or oil unfolds in an unpleasant manner. 5) China: China’s current pace of aggregate demand is the same as during the global crisis and market meltdown in 2008. Today, Chinese policy makers have no QE plans such as in 2008. Rumors are running through the market of a Chinese devaluation. Don’t look for China to be the hero. 6) Japan: When a country is stuck in a liquidity trap, monetary policy prescriptions of lower interest rates are ineffective. Japan cannot even benefit from the plunge in oil prices since the massive devaluation of the yen has negated much of the price decline in purchase terms. 7) Europe: Multinational companies complain about Europe, where too many economies are on very thin ice. A collapse in Greece or Russia could precipitate a global crisis. If Russia implodes, the likelihood of a severe European recession increases sharply.






This Will Not End Well (In The Short Term)










RiseEarth: This is the most powerful natural antibiotic ever--Kills any infections in the body: This master cleansing tonic is actually an antibiotic that kills gram-positive and gram-negative bacteria. It has also a powerful antiviral and antifungal formula, increases blood circulation and lymph flow in all parts of the body. This plant-based remedy is the best choice for the fight against candida. This tonic has helped many people to cure many viral, bacterial, parasitic and fungal diseases and even plague! Its power should most certainly not be underestimated. It can cure many chronic conditions and diseases. Encourages blood circulation, and purifies blood. This formula has helped millions of people throughout the centuries to fight the most deadliest diseases. The secret is in the powerful combination of high-quality natural and fresh ingredients! To sum up, this tonic is effective in the treatment of all diseases, successfully strengthens the immune system, acts as an antiviral, antibacterial, antifungal and antiparasitic medicine. Assists in the most severe infections. Master tonic – Recipe:
You may want to wear gloves during the preparation, especially when handling hot peppers, because it is difficult to get the tingling off your hands! Be careful, its smell is very strong, and it may stimulate the sinuses instantly.
Ingredients:
24 oz /700 ml apple cider vinegar (always use organic)
¼ cup finely chopped garlic
¼ cup finely chopped onion
2 fresh peppers, the hottest you can find (be careful with the cleaning – wear gloves!!!)
¼ cup grated ginger
2 tbsp grated horseradish
2 tbsp turmeric powder or 2 pieces of turmeric root
https://www.riseearth.com/2015/01/this-is-most-powerful-natural.html




Live Free Or Die (ANP): With most Americans now completely unprepared for what will soon be coming at them, the observations shared below account for why our source is putting out a final warning for coming bank holidays here in America, a warning we're told will leave "NO FOOD, NO CREDIT CARDS, AND NO COMMERCE", and leave millions of Americans freely walking into FEMA camps to 'save themselves'. With the price of oil now approaching $40 a barrel and terrifying consequences for the world coming soon after oil hits that low, the emerging signs all show we're getting much closer to the 'scary plans' that the 'powers-that-be' have for humanity. Venezuela is on the verge of complete collapse as supermarket shelves are emptied and basic supplies no longer available, a prospect that Americans will soon face themselves according to the emerging signs, including: the rapidly rising prices of foods in America; the laws against humanity being passed to make us completely subservient to the state such as the EPA's banning of wood burning stoves used to keep us warm (while agents of the state 'assassinate' those who go against their will!); the attempt by corporations to control such basic necessities as water as Nestle's CEO is now trying to do and the Pentagon's mission to program the human brain, leaving all of humanity completely dependent upon the 'state apparatus' and George Orwell's biggest nightmare a dream come true. "One other point I think you will find of interest: my father in law passed on just after Christmas. We knew this was coming, so we set up an account to pay all final expense's. We called to have the funds wired to the account to pay these expense's we were told we could not take the total amount out, as the bank stated it's a "RED FLAG" set in play by the Corporation known as the United States as "Money Laundering." As in what you have been telling folks about not being able to get your own money like in the old days, is here, it's NOW in full force. Also one more point, we have a contact that has stated that what you have been saying all along about " Bank Holidays" is just around the bend. So folks need to get their thinking caps on ASAP. We were told this will start very soon. Peace be with you."








Forbes: It seems that even wood isn’t green or renewable enough anymore. The EPA has recently banned the production and sale of 80 percent of America’s current wood-burning stoves, the oldest heating method known to mankind and mainstay of rural homes and many of our nation’s poorest residents. The agency’s stringent one-size-fits-all rules apply equally to heavily air-polluted cities and far cleaner plus typically colder off-grid wilderness areas such as large regions of Alaska and the American West. Local LOCM -2.78% governments in some states have gone even further than EPA, not only banning the sale of noncompliant stoves, but even their use as fireplaces. As a result, owners face fines for infractions. Puget Sound, Washington is one such location. Montréal, Canada proposes to eliminate all fireplaces within its city limits. Only weeks after EPA enacted its new stove rules, attorneys general of seven states sued the agency to crack down on wood-burning water heaters as well. The lawsuit was filed by Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont, all predominately Democrat states. Claiming that EPA’s new regulations didn’t go far enough to decrease particle pollution levels, the plaintiffs cited agency estimates that outdoor wood boilers will produce more than 20 percent of wood-burning emissions by 2017. A related suit was filed by the environmental group Earth Justice.










MSN: Gross writes, “Beware the Ides of March, or the Ides of any month in 2015 for that matter. When the year is done, there will be minus signs in front of returns for many asset classes. The good times are over.” (The underline is his.) Gross declined to pinpoint an exact date for the downturn but reasons it is inevitable as low or negative yields “fail to generate sufficient economic growth,” corporations become borrowers rather than investors and structural elements (demographics, technology and globalization) shift unfavorably. “There comes a time when common sense must recognize that the king has no clothes, or at least that he is down to his Fruit of the Loom briefs, when it comes to future expectations for asset returns,” he writes. “Now is that time and hopefully the next 12 monthly ‘Ides’ will provide some air cover for me in terms of an inflection point.” Nods to antiquity and undergarments notwithstanding Gross’ writing here is tame when you consider in the last year alone he has compared himself to Justin Bieber and James Bond. Yet his call for minus signs marks a more negative view than he had explicitly shared previously. In October, he was far from bullish but said he did not foresee a “significant bear market” and called for returns returns of 2-4% in bonds and 5-6% in stocks over the next seven years. Gross will share his 2015 forecasts for interest rates and risk assets at Barron’s Roundtable later this month.










Sarah Knapton (Independent.ie): There is a village in Liberia, West Africa where Ebola has spared not a single mother. The disease has devastated the lives of all of the children in Joeblow, Liberia, a situation that is forcing them to leave childhood behind. Street Child has been working in Liberia to find homes for orphaned children over the past five years, but the Ebola crisis has made the situation far worse. "All the children wear rags because all their clothes and possessions have had to be burnt as a precaution because of the disease. We try to find relatives or neighbours to take the children in, but the community is scared. We went to one slum where every home had been affected. Every door that we knocked on, we found more children who needed homes." Ms Brett has come across households in the back streets of Monrovia where children have been sleeping with the dead body of their father for three days. Neighbours had turned away the youngsters, fearing they could be infected. Many simply cannot afford to feed another mouth. Ebola has caused the price of rice to increase by at least 20pc in Monrovia, and in some locations it has almost doubled. Tom Dannatt, Street Child's chief executive, said: "Thirty- thousand children in West Africa will have spent this Christmas mourning the loss of a mother or father as a result of Ebola.








Sarah Knapton (Independent,ie): The first new antibiotic to be discovered in nearly 30 years has been hailed as a "paradigm shift" in the fight against the growing resistance to such drugs. Teixobactin has been found to be effective against many common bacterial infections such as tuberculosis, septicaemia and Clostridium difficile, and could be available to patients within five years. But, more importantly, it could pave the way for a new generation of antibiotics because of the way it was discovered. Scientists have always believed that the soil was teeming with new and potent antibiotics because bacteria in dirt have developed novel ways to fight off other microbes. But 99pc of soil microbes will not grow in laboratory conditions. Now a team from Northeastern University in Boston, Massachusetts, has discovered a way of using an electronic chip to grow the microbes in soil and isolate their antibiotic chemical compounds. The researchers discovered that one compound, Teixobactin, is highly effective against common bacterial infections C. difficile, Mycobacterium tuberculous and Staphylococcus aureus. Prof Kim Lewis, the director of the antimicrobial discovery centre said: "Apart from the immediate implementation, there is also, I think, a paradigm shift in our minds because we have been operating on the basis that resistance development [to antibiotics] is inevitable and that we have to focus on introducing drugs faster than resistance. "Teixobactin shows how we can adopt an alternative strategy and develop compounds to which bacteria are not resistant."




Psalms 91:1 He who dwells in the shelter of the Most High will rest in the shadow of the Almighty.
2 I will say of the LORD, "He is my refuge and my fortress, my God, in whom I trust."
3 Surely he will save you from the fowler's snare and from the deadly pestilence.
4 He will cover you with his feathers, and under his wings you will find refuge; his faithfulness will be your shield and rampart.
5 You will not fear the terror of night, nor the arrow that flies by day,
6 nor the pestilence that stalks in the darkness, nor the plague that destroys at midday.
7 A thousand may fall at your side, ten thousand at your right hand, but it will not come near you.
8 You will only observe with your eyes and see the punishment of the wicked.


8 You will only observe with your eyes and see the punishment of the wicked.
9 If you make the Most High your dwelling -- even the LORD, who is my refuge --
10 then no harm will befall you, no disaster will come near your tent.
11 For he will command his angels concerning you to guard you in all your ways;
12 they will lift you up in their hands, so that you will not strike your foot against a stone.
13 You will tread upon the lion and the cobra; you will trample the great lion and the serpent.
14 "Because he loves me," says the LORD, "I will rescue him; I will protect him, for he acknowledges my name.






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










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










Quote:



Gold: $1210.60 down $8.70 (Comex closing time)
Silver: $16.51 down 9 cents (Comex closing time)



In the access market 5:15 pm



Gold $1211.50
Silver $16.53













Tuesday, Jan 6th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 1597 contracts from 151,282 up to 152,879 as silver was up by 42 cents yesterday. The front January contract month saw its OI remain constant at 91 contracts and thus down 0. We had 0 notices filed yesterday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI rose by 642 contracts up to 103,248.





In Gold:




Quote:

The total gold Comex open interest rose today by a whopping 15,536 contracts from 378,485 all the way up to 394,021 with gold up by $15.40 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI fall by 17 contracts down to 133. We had 0 contracts served yesterday. Thus we lost 17 contracts or 1700 oz will not stand. Obviously this was cash settled with a fiat bonus. The next big delivery month is February and here the OI rose by 1477 contracts to 219,873 contracts.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 16,469. The confirmed volume yesterday was excellent at 46,876. We had 76 notices filed for 380,000 oz today.





In Gold:




Quote:

The estimated volume today was poor at 63,792. The confirmed volume yesterday was very good at 220,826 contracts, as the high frequency traders gave some help to our gold/silver prices. Today we had 6 notices filed for 600 oz.





Inventory Numbers




In Silver Inventory:




Quote:

Today, we had 1 deposits into the dealer account:
i) Into CNT: 321,933.500 oz (one decimal?? and.500 oz???)
Total dealer deposit: 321,933.500 oz
We had 0 dealer withdrawal:
Total dealer withdrawal: nil oz


We had 3 customer deposits: (one decimal was contagious today)
i) Into CNT: 273,449.800 oz
ii) Into Delaware: 1008.800 oz
iii) 574,071.700 oz.
Total customer deposit 848,522.300 oz


We had 1 customer withdrawal::
i) Out of Delaware: 1040.205 oz oz
Total customer withdrawal: 1040.205 oz


We had 0 adjustments


Total dealer inventory: 65.087 million oz.
Total of all silver inventory (dealer and customer) 175.528 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 1 customer withdrawal (another farce)
i) out of Scotia: 2250.500 oz (70 kilobars)
Total customer withdrawal: 2250.500 oz



We had 2 customer deposits: the farce continues
i) Into Scotia; 3,215.000 oz (100 kilobars)
ii) Into JPMorgan: 16,075.000 oz (500 kilobars.
Total customer deposits; 19,290.00 oz 600 kilobars


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 76 contracts for 380,000 oz.





In Gold:




Quote:

Today, 0 notices were issued from JPMorgan dealer account and 6 notices were issued from their client or 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 December, we take the total number of notices filed for the month (104) x 5,000 oz to which we add the difference between the OI for the front month of January (91) – the Number of notices served upon today (76) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
104 contracts x 5000 oz= 520,000 oz +OI standing so far in January (91)- no. of notices served upon today(76) x 5,000 oz = 595,000 oz





In Gold:




Quote:

The total of all issuance by all participants equates to 6 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) by JPMorgan customer account.
To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (133) minus the number of notices served upon today (6) x 100 oz = 13,500 the amount of gold oz standing for the January contract month. (.4199 tonnes of gold)

Thus the initial standings:
8 (notices filed for the month x 100 oz) +OI for January (133) – 6 (no. of notices served upon today) = 13,500 oz (.4199 tonnes)


We lost 1700 oz to cash settlements.

Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 744.00, down 1.85%. WTI February crude was 48.75 up 0.74. Brent crude was 51.13 up 0.06. The spread between Brent and WTI was 2.38 down 0.68. The 30 year US Treasury bond was down 0.0100 at 2.5100. The 10 year T-Note was down 0.0100 at 1.9500. The dollar was up 0.33 at 92.10. The PPT/Dow was 17584.52 up 212.88. Silver closed at 16.53 down 0.02. The GSR was 73.2668 down 0.4069 oz of silver per oz of gold. CIA's Facebook was 76.15 up 0.00 (0.00%). March wheat was down 12.25 at 579.500. March corn was down 8.75 at 396.25. February lean hogs were up 0.750 at 79.325. March feeder cattle were down 0.550 at 220.325. March copper was down 0.009 at 2.759. February natural gas was down 0.067 at 2.871. March coal was down 0.13 at 48.45.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Thu, Jan 8, 2015 - 9:14pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 8 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): The savage attacks on the satirical magazine, Charlie Hebdo, in Paris leaving 12 dead yesterday shows how vulnerable western societies and economies are to the twin threats of terrorism and war. The attacks pose threats to our already under attack freedoms – freedom of the press, freedom of privacy, freedom of religion, freedom of conscience, freedom of speech, expression and thought. It poses risks to the open societies that have been regained in recent years – in terms of freedom of movement of goods, services and people in the EU and internationally. This in itself poses real risks to already fragile economies in France, the EU and internationally. The concern is that this may be the opening salvo in a new wave of conflict between NATO states and supra-national and radicalised Islamic groups across the Middle East. Eyewitnesses say and photos and videos show the hooded attackers brandishing AK-47’s operated with the clinical coolness of professional assassins or battled hardened military men. Although they have not been captured at this point French authorities have identified them as French men, possibly of Algerian extraction and they are being linked to Al Queda in Yemen.










Chris Powell (GATA): The U.S. dollar looks strong lately only because the euro and yen have been declining sharply, Sprott Asset Management’s John Embry tells King World News today. “The U.S. economy is nowhere near as strong as the government’s falsified macro-numbers and the extremely bogus jobs numbers would suggest,” Embry says. “In fact, numerous macro-numbers and anecdotal evidence suggest that the United States may be lapsing into recession, despite the massive doses of liquidity that have been injected into the system.” Harvey adds: John Embry states correctly that the strength in the USA dollar is not due to strength in the uSA economy but the unwinding of the various carry trades: 1. the huge 9 trillion dollar carry trade in which huge amounts of “carry” oil attaches onto the trade. 2. the yen carry trade whereby many are getting out of the short yen and assets purchased with it.








James Titcomb (The Telegraph, London): The circumstances leading up to the Bank of England’s abandonment of the gold standard in 1931 have been detailed by letters between the bank and the government from the period, which were released today. Amid the Great Depression, during which many countries around the world suffered economic turmoil, investors in Paris and New York lost confidence in the pound. At the time, sterling was pegged to bullion. This meant that the pound was worth a fixed amount compared to other currencies and gold itself. In order to ensure that sterling retained its value, the Bank of England was obligated to exchange gold for pounds at the specified rate. However, as political turmoil engulfed the UK, the country’s first national government — a coalition between Labour and the Conservatives — presided over a budget crisis that triggered a run on the pound. Minutes from the bank’s court in 1931, published today, detailed how foreign exchange reserves were being drained to such an extent that the gold standard had to be abandoned.




Koos Jansen on the Turkish gold market: In September 2011 the CBRT (Central Bank of the Republic of Turkey, the TCMB) announced 10 % of Turkish Lira reserve requirements of commercial banks could be fulfilled in US dollars or euros and an additional 10 % in physical gold. The percentages were timely increased; gold was increased to 20% in March 2012, then to 25% in June and finally 30% in August. A bank holding reserves in excess of the required amount is said to hold excess reserves. The interest rate banks receive from their CB on excess reserves can be different from the rate on RR. When in October 2011 Turkish banks could fulfill RR in gold, this freed Turkish Lira (TL) liquidity. The amount of TL needed to meet RR prior to October could now be replaced by gold and subsequently be used to be create new TL loans. Turkish banks attract gold deposits by offering an interest on gold time deposits. On average a one-year deposit yields 0.8 % paid in physical gold. Example, if a customer of Garanti Bank is willing to lend 10,000 ounces for one year to the bank (bank deposits are technically a loan to a bank), he or she will receive 10,080 ounces when the loan comes due; gold profit for the customer. DS: You just have to be willing to trust the bank to be able to return a large chunk of gold when you are ready for them to pay off your loan. In today's economic climate I consider that to be a very bad bet.










Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 0 notices for nil oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 1022 contracts even though yesterday’s silver price fell by 9 cents. The total silver OI continues to remains relatively high with today’s reading at 153,901 contracts. However the bankers are still loathe to supply much of the non backed silver paper.The January silver OI contract reads 15 contracts. In gold we had a small decrease in OI with the fall in price of gold yesterday to the tune of $8.70. The total Comex gold OI rests tonight at 392,885 for a loss of 1,136 contracts. The January gold contract reads 124 contracts. Today there was no change in tonnage at the GLD, and their inventory stands at 704.83 tonnes. There was no change in silver inventory, and SLV’s inventory rests tonight at 328.457 million oz. GOFO is positive and increasing.








Tanya Ashreena and Meenakshi Sharma (Reuters): India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday. The South Asian country has imported 7 tonnes of gold so far in January, while 39 tonnes of gold was imported in December, Kher said after a meeting with industry representatives. India’s gold imports in November were 151.58 tonnes, according to the government data.




Beni Emmanuel (The Emet Report): Several members of the religious police force set up by the terrorist organization Islamic State have been kidnapped, the Syrian Observatory for Human Rights reported Wednesday night. Religious police patrol areas controlled by ISIS and are responsible for enforcing the organization's hard-line version of Islamic law. The activist group says the forces were ambushed and then abducted by unknown gunmen in the Syrian city of Mayadin. The abduction reports come a day after the police force's deputy leader in the same region was killed by unknown assailants. He was the man responsible for beheading those who break Islamic law, the deputy leader, and after he was captured and tortured he was killed in the same manner as he had killed others. The United Kingdom-based Observatory said it was unclear how many members of the police - known as Hisbah - had been kidnapped. "There is an escalation in the operations against the Hisbah because they are arresting people and insulting their dignity for reasons like smoking," Rami Abdel Rahman, the Observatory's director told AFP. ISIS's religious police force is known for confiscating and burning tobacco products, as well as punishing those caught smoking. According to eyewitnesses, the deputy leader of the Deir Ezzor province - an Egyptian citizen, was found near a power plant in Mayadin. His severed head had a cigarette stuffed in its mouth. Nearby was a note reading, "Honorable Sheikh - this is evil," mocking the fact that smoking is considered a sin by the religious police and is banned in the ISIS-controlled areas of Syria and Iraq. "We do not know if ISIS killed him or local residents or other insurgents," Rahman said. "In any case this is an important event, because it was an important man." According to Rahman, this is probably the first time a member of the special religious police had been killed in such a way.






Lenczner (InvestmentWatchBlog): BILD preps for a possible Greek exit, warning of f system collapse, bank runs, and huge costs for the rest of the EU. It has been a busy few days for Germany. In the space of a week, they have warned Greece “there will be no blackmail,” adding that a Greek exit from the euro was “manageable,” only to hours later deny (clarify) these comments. This was then followed up with beggars-are-choosers Syriza demanding any ECB QE must buy Greek bonds (or else) – which Germany has flatly ruled out – only to see today that Syriza is practically guaranteed to win a “decisive victory” at the forthcoming snap election. So it with a wry smile that we note Bild reports tonight that the German government is preparing for a possible Greek exit, warning of financial system collapse, bank runs, and huge costs for the rest of the EU. Germany has been flip-flopping (as Reuters notes)...Der Spiegel magazine reported on Saturday that Berlin considers a Greek exit almost unavoidable if Syriza wins, but believes the euro zone would be able to cope. Vice Chancellor Sigmar Gabriel said on Sunday that Germany wants Greece to stay and there are no contingency plans to the contrary, while noting the euro zone has become far more stable in recent years. As the euro zone’s paymaster, Germany is insisting that Greece stick to austerity and not backtrack on its bailout commitments, especially as it does not want to open the door for other struggling members to relax reform efforts. But now the rhetoric is heating up…Germany is making contingency plans for the possible departure of Greece from the euro zone, including the impact of any run on a bank, tabloid newspaper Bild reported, citing unnamed government sources. The newspaper said the government was running scenarios for the Jan. 25 Greek election in case of a victory by the leftwing Syriza party, which wants to cancel austerity measures and a part of the Greek debt. In a report in the Wednesday issue of the paper, Bild said government experts were concerned about a possible bank collapse if customers storm Greek institutions to secure euro deposits in the event that Greece leaves the zone. The European Union banking union would then have to intervene with a bailout worth billions, the paper said.




Bill Holter: The system itself has gotten too large for the central banks to control EVEN with 100-1 leverage. On nearly a daily basis, the official comments coming out contradict what was said the day before. Simply put, the rhetoric, jawboning and outright lies need to be bigger and more rapidly dispersed to keep the sheep within the herd. The problem of course is they are actually “working against themselves” in so many various markets. They must print which waters down currency values and creates demand for real money gold. They must suppress gold prices but they actually need inflation. They need lower rates for the world to carry the debt but are zero bound … they also need rates higher to show “economic strength”. They need inflation to cheapen the debt but the inflation cannot be seen by the herd. They need cheap oil as tax cut to consumers but can’t have cheap oil because then the petrodollar loses support and derivatives go upside down. They need stocks higher but can’t have a bubble because they can no longer handle the “burst”. Do you see? Nearly all markets need to move in both directions at the same time to support “the story” told to the sheep and at to maintain the perception of control. As I have written for the past few days, U.S. QE4 and ECB monetization etc. will by necessity be implemented because there are no other tools left. No collateral remains unencumbered to reflate so the final tool is outright, unabridged and publicly visible monetization. We are in the very endgame of the Ponzi where deflating assets (derivatives and thus broken balance sheets) will force more free money in the hopes of systemic survival.




This Will Not End Well (In The Short Term)










Steve Quayle Alert: I was astounded to see boneless, skinless, chicken breast going for $5.76 a pound!! A package of two whole breasts was close to $20.00!! Steve, I just read your most recent post concerning the quickly rising prices of food. On Sunday I went to our local grocery store ( I live in Maryland) to buy some chicken to cook for dinner. The first thing I noticed was the rather small amount of chicken available. When I looked at the price I don't know how people with children, those on fixed incomes, and the "under employed", will be able to keep up with this and remain healthy. I hope everyone has been heeding your advice, for if not, they will soon be in a world of hurt. Dolores








Steve Quayle Alert: A couple of weeks ago at the local Bi-Mart I was waiting behind a couple to get some of the same stuff they were after. The lady turned to look at me and I said that I was just waiting ( not trying to get around her) and she told me that she was getting all of it. I asked if she knew about the limit of 12 - she looked at the coupon and said "Well, there are 2 of us and so will just take turns at check out." Then started separating it into several stacks of 12. Thin cut mark down chuck steak at Walmart was $6.48 coffee went up $1.00 for the same sized container. I read there was a problem with the harvest? The beef counter at both Walmart and Safeway has been pretty sparse but Safeway still has what is called laughingly called lean hamburger (80/20) for $3.99 a lb. I think that is some sort of loss leader. Kathy close to Portland, Oregon.






Susan Duclos (ANP): Muslim extremists, terrorists, killed 12 people at the French satirical magazine Charlie Hebdo on Wednesday, including illustrators and cartoonists, targeted for no other reason than their provocative covers which included caricatures of the the prophet Muhammed. Hebdo is famous for lampooning high profile figures and groups, and in December they poked fun at Christians and the birth of Jesus Christ...... the difference is, Christians did not don masks and storm the offices of Charlie Hebdo, opening fire and murdering innocents. This not the first time Muslim extremists have attacked Charlie Hebdo. In 2011 their offices were firebombed after publishing a cartoon of the prophet on its cover promising “100 lashes if you don’t die laughing!” While cartoonists from across the globe have stood up in solidarity, creating their own heartbreaking response to the tragedy and senseless murders and the French President Francois Hollande, who has been lampooned himself by the satirical magazine, stated "No barbaric act will ever extinguish the freedom of the press," some of the US mainstream media's response has set a very dangerous and deadly precedent by censoring the images. Media outlets such as NBC, MSNBC, NYT, New York Daily News, CNN and The Associated Press, just to name a few, are coming under fire for blurring out, or refusing to show the images because terrorists have cowed them into censoring free speech, turning us from "sitting ducks," into "dead ducks," by fomenting the destruction of truth, which in turn, encourages the death of more innocents. Other outlets, perhaps understanding the danger of allowing Muslim extremists to gag Freedom of Speech, have published the images and slideshows of some of Charlie Hebdo's most provocative cartoons. Those include Bloomberg, Huffington Post, Fox News, and The Daily Beast. CNN Internal Memo: Although we are not at this time showing the Charlie Hebdo cartoons of the Prophet considered offensive by many Muslims, platforms are encouraged to verbally describe the cartoons in detail. This is key to understanding the nature of the attack on the magazine and the tension between free expression and respect for religion. Video or stills of street protests showing Parisians holding up copies of the offensive cartoons, if shot wide, are also OK. Avoid close-ups of the cartoons that make them clearly legible. It's also OK to show most of the protest cartoons making the rounds online, though care should be taken to avoid examples that include within them detailed depictions of the Charlie Hebdo cartoons.










Dave Hodges (TheCommonSenseShow): When asked whether Iceland’s policy of letting the banks fail would have worked in the rest of Europe, Grimsson stated: “… Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and telecommunication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. People in enlightened democracies are not going to accept that in the long run. …“ Can we imagine Obama ever speaking this way in public? The short answer is that it does not matter if he ever did. America is hopelessly mired in debt and there are no options except financial collapse and likely martial law, followed by civil war.










Daily Mail: A mythical metal said by ancient Greeks to be found in the lost city of Atlantis has been recovered from a ship that sunk 2,600 years ago off the coast of Sicily. Marine archeologists found 39 ingots of what they believe is 'orichalcum' on the sandy seabed among the wreck of a trading vessel that sank 1,000 feet off the coast of the town of Gela, in southern Sicily. The wreck is the fifth ancient ship to be recovered off the coast of the town. Does metal found in a 2,600-year-old shipwreck prove that Atlantis DID exist? Mythical red alloy said to be from the lost island is discovered off coast of Sicily. Marine archeologists found 39 ingots of 'orichalcum' off the town of Gela. They were discovered on the sandy sea floor in a wreck under 10 ft of water. Experts say they are the mythical metal Plato claimed was from Atlantis. Analysis has shown they are an alloy of copper, zinc, lead, iron and nickel. Shipwreck is a 2,600 year old cargo vessel thought to be from Greece. Researchers believe it was sunk in a storm just 1,000 feet from shore




Last Minute Survival: Think you are still free to make choices in your life? Do you think the government will allow you to live independent of their utility monopolies? If you think so, try opting for renewable non-grid tied power and utilize environmentally friendly composting toilets and your own self-sufficient water supply. Today, those life choices could land you in jail if you live in South Florida. Take the case of Robin Speronis. Robin Speronis has lived off the grid, independent of the city’s water and electric system. A Florida court ruled this off-the-grid living illegal last week and has given Robin until March to connect her home to a municipal water line or face possible eviction. Further, officials in the city of Cape Coral have justified this by deeming Robin’s home “unsanitary,” citing the International Property Maintenance Code. First of all, since when did we begin to locally recognize “international codes?” Where in the US Constitution does it provide for international jurisdiction over local codes? Ironically, this “international” code mandates that homes be connected to an electricity grid and a running water source, even though most of the world lives without reliable electricity and municipal water and sewer.






Sam Kim (Bloomberg News): North Korea has set up posts along its border with South Korea to be able to more quickly invade its neighbor, while also expanding its artillery and mechanized forces, according to South Korea’s Defense Ministry. Kim Jong Un’s regime is setting up “infiltration facilities” along the demilitarized zone dividing the countries to be able to both accommodate and rapidly deploy special forces into South Korea if war breaks out, the ministry said in its latest white paper released today. It didn’t say how many posts there are or whether they included tunnels and housed weapons. North Korea has also probably developed ballistic missiles capable of threatening the continental U.S., according to the report, the first time South Korea has made the assertion in its white paper. “These are newly spotted structures and could be part of a wider network of military bases and tunnels,” Park Chang Kwon, a senior research fellow at the state-run Korea Institute for Defense Analyses in Seoul, said by phone. South Korea is also “formally saying that North Korea has very much addressed the issues of accuracy and reliability for its intercontinental ballistic missile.”




Backdoor Survival: Here are the steps to can take to store water for emergency use:
1. Thoroughly clean your plastic bottle and jugs with dishwashing soap and water then rinse completely so there is no residual soap.
2. Sanitize your bottles by adding a solution of 1 teaspoon of un-scented liquid household chlorine bleach to a quart of water. Swish the sanitizing solution in the containers so that it touches all interior surfaces. Don’t forget to sanitize the lids and caps as well. After sanitizing the containers and caps, thoroughly rinse out the bleach solution with clean water.
Note: Bleach has an effective shelf-life of one year. Make sure that the bleach you are using is fresh.
3. Fill the sanitized containers to the top with regular tap water. Add two drops of non-scented liquid household chlorine bleach to the water, then tightly close the containers using the original caps. It is probably a good idea to use some latex or nitrile gloves at this point so that you maintain the sanitation and do not contaminate the caps by touching the inside of them with your fingers.
4. Date the outside with a permanent marker such as a Sharpie.
5. Store in a cool, dark place.
6. As a precaution, rotate in six months to a year. Dump the water, re-sanitize the jugs, and start all over. Or, if you have the space, mark the jugs as “non-potable” and save the water for non-drinking emergency purposes.
Personally, I think it would be a good idea to put up a few jugs at the first of each month. Do this for six months and you will build up a nice, rotating stock. https://www.backdoorsurvival.com/survival-basics-water-and-water-storage/




Psalms 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.
3 I call upon the LORD, who is worthy to be praised, And I am saved from my enemies.
4 ¶The cords of death encompassed me, And the torrents of ungodliness terrified me.
5 The cords of Sheol surrounded me; The snares of death confronted me.
6 In my distress I called upon the LORD, And cried to my God for help; He heard my voice out of His temple, And my cry for help before Him came into His ears.
7 ¶Then the earth shook and quaked; And the foundations of the mountains were trembling And were shaken, because He was angry.
8 Smoke went up out of His nostrils, And fire from His mouth devoured; Coals were kindled by it.
9 He bowed the heavens also, and came down With thick darkness under His feet.
10 He rode upon a cherub and flew; And He sped upon the wings of the wind.
11 He made darkness His hiding place, His canopy around Him, Darkness of waters, thick clouds of the skies.
12 From the brightness before Him passed His thick clouds, Hailstones and coals of fire.
13 The LORD also thundered in the heavens, And the Most High uttered His voice, Hailstones and coals of fire.
14 He sent out His arrows, and scattered them, And lightning flashes in abundance, and routed them.
15 Then the channels of water appeared, And the foundations of the world were laid bare At Your rebuke, O LORD, At the blast of the breath of Your nostrils.




Oh that you would bless me and increase my borders (I Chron 4:10).












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










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










Quote:



Good evening Ladies and Gentlemen:


Here are the following closes for gold and silver today:




Gold: $1208.40 down $2.20 (Comex closing time)
Silver: $16.35 down 16 cents (Comex closing time)




In the access market 5:15 PM:



Gold $1208.50
Silver $16.35













Wednesday, Jan 7th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 1022 contracts from 152,879 up to 153,901 despite the fact that silver was down by 9 cents yesterday. The front January contract month saw its OI lower to 15 contracts for a loss of 76 contracts. We had 76 notices filed yesterday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI rose by 430 contracts up to 103,678. The estimated volume today was simply awful at 12,034.





In Gold:




Quote:

The total gold Comex open interest fell today by 1,022 contracts from 394,021 down to 392,885 with gold down by $8.70 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI fall by 9 contracts down to 124. We had 6 contracts served yesterday. Thus we lost 3 contracts or 300 oz will not stand. Obviously this was cash settled with a fiat bonus. The next big delivery month is February and here the OI fell by 3,435 contracts to 216,438 contracts.





Volume




In Silver:




Quote:

The confirmed volume yesterday was fair at 37,951. We had 0 notices filed for nil oz today. it sure looks like the bankers have scared away all investors wishing to play the Comex. Leverage has completely disintegrated.





In Gold:




Quote:

The estimated volume today was poor at 58,892. The confirmed volume yesterday was also poor at 130,637 contracts, even though the high frequency traders gave some help with respect to volume. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz


We had 0 customer deposits:
Total customer deposit nil oz


We had 3 customer withdrawals:
i) Out of Delaware: 6,154.807 oz
ii) Out of HSBC: 600,193.900 oz (one decimal???)
iii) Out of Scotia: 600,250.78 oz
Total customer withdrawal: 1.206,599.487 oz


We had 0 adjustments


Total dealer inventory: 65.037 million oz.
Total of all silver inventory (dealer and customer) 174.322 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 1 customer withdrawal (another farce)
i) out of Manfra: 64.3 oz (2 kilobars)
Total customer withdrawal: 64.3 oz



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


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 0 contracts for nil oz.





In Gold:




Quote:

Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued from their client or 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 December, we take the total number of notices filed for the month (104) x 5,000 oz to which we add the difference between the OI for the front month of January (15) – the Number of notices served upon today (0) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
104 contracts x 5000 oz= 520,000 oz +OI standing so far in January (15)- no. of notices served upon today(0) x 5,000 oz = 595,000 oz


We neither gained nor lost silver ounces standing for the January contract month.





In Gold:




Quote:

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 (received) by JPMorgan customer account.
To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (124) minus the number of notices served upon today (0) x 100 oz = 13,200 the amount of gold oz standing for the January contract month. (.4100 tonnes of gold)

Thus the initial standings:
8 (notices filed for the month x 100 oz) +OI for January (124) – 0(no. of notices served upon today) = 13,200 oz (.41 tonnes)


We lost 300 oz to cash settlements.

Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 724.00, down 2.69%. WTI February crude was 49.49 up 0.74. Brent crude was 50.96 down 0.17. The spread between Brent and WTI was 1.47 down 0.91. The 30 year US Treasury bond was up 0.0800 at 2.5900. The 10 year T-Note was up 0.0700 at 2.0200. The dollar was up 0.22 at 92.32. The PPT/Dow was 17907.87 up 323.35. Silver closed at 16.38 down 0.15. The GSR was 73.8034 up 0.5366 oz of silver per oz of gold. CIA's Facebook was 78.18 up 2.03 (2.67%). March wheat was down 12.50 at 567.000. March corn was down 2.00 at 394.25. February lean hogs were down 1.150 at 78.175. March feeder cattle were down 3.275 at 217.050. March copper was up 0.011 at 2.770. February natural gas was up 0.056 at 2.927. March coal was down 0.05 at 48.40.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Sun, Jan 11, 2015 - 9:55pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 11 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): This irrationally exuberant, risk appetite may continue in 2015 but we suspect that it is as likely to come to a shuddering halt with renewed volatility on global financial markets. The sharp falls seen in stock markets in recent days may be a taste of what may transpire in 2015. As may be the tragic events in Paris. There are many unresolved risks which were present in 2014 and indeed in recent years which did not come to the fore and impact markets. As Greece has shown again in recent days – the Eurozone debt crisis is far from resolved and there remains an underappreciated risk of sovereign crises in other major industrial nations. Other unresolved risks that are being ignored for now – due to the panacea of cheap money and elevating asset prices – include the Eurozone debt crisis, the appalling fiscal position of Japan, the U.S. and the UK, the risk of an Ebola pandemic, risks posed by terrorism, the events in Syria and the Middle East, Ukraine and geopolitical tensions with Russia.




GoldCore on Gold – Positives and Negatives: A s ever, there are positives and negatives for gold. Indeed, one could say there are as many negatives as there are positives – and most do. However, on balance we believe that the positives outweigh the negatives significantly.
Gold’s Positives:
Continuing ultra loose monetary policies
Currency wars and the risk of bail-ins
Risk of sovereign and banking debt crises and the risk of systemic contagion
Increasingly uncertain political and military situation globally and the threat of terrorism and war
Continuing record demand for gold from China and India
Continuing robust demand from central banks such as the People’s Bank of China (PBOC) and Central Bank of the Russian Federation
Sentiment, both in the western media and among the public, remains extremely poor. This is bullish from a contrarian perspective
Gold's Negatives:
Gold in dollar terms is weak technically after a second consecutive year of lower prices
The massive fall in the oil price, should it continue, will benefit gold miners and lower their cost of production which should lead to a lower cost of gold production
ETF demand remains weak and liquidations very high – holdings in SPDR Gold Trust, the world’s gold ETF, fell 0.42 percent to 704.83 tonnes on Wednesday, their lowest since late 2008
Gold bullion demand while robust in Germany, Turkey, the Middle East and Asia remains lackluster in western markets as seen in the fall in demand from the U.S. Mint and other mints
Sentiment, both in the western media and among the public, remains extremely poor




GoldCore on the global economy: While America’s massive bond buying programme has been discontinued for now, it continues in the UK, has intensified to a very significant degree in Japan and we may see Mario Draghi’s QE ‘bazooka’ in the Eurozone in the New Year. The battle between Goldman banker Draghi and German monetary conservatives is a titanic one and the outcome will have ramifications not just for the Eurozone but for the world. Draghi has won many battles regarding pushing interest rates to zero. However, further money printing will likely be ‘verboten’ and a step too far for the Germans. I am not a betting man but if forced to bet, I think that Draghi may win the immediate battle on further money printing but that the Germans will win the war. Germany has learned the lessons of the past and will not allow their currency to be printed into oblivion. Since the 2008 crash, the Federal Reserve has created more than $4.3 trillion to prop up banks and the wider economy. While the Fed finished its bond buying programme in 2014, its balance sheet has been destroyed and it is unable to sell the bonds bought for fear of interest rates moving higher again. The U.S. economic recovery is weak and there is the strong possibility of a recession. The massive levels of debt at all levels of U.S. and indeed western society make any meaningful recovery highly unlikely. This possibility is also heightened by the recent collapse of the oil price and falls in other key commodities such as copper. Deflation is in the air. A reversion back to debt monetisation programme seems likely. America, and indeed the world, is now dangerously addicted to cheap money and the attendant debasement of the dollar and all paper currencies. Yellen will continue pushing the drug of cheap money, much of which ends up on Wall Street and in frothy global markets.








Koos Jansen (BullionVault): Every year around January first the Chinese ramp up gold buying at retail level to an unprecedented pace (click, click and click to read about the buying spree last year). The Chinese calendar (Lunar Year) is slightly different than the Western (Gregorian) calendar. In China new year will be celebrated on February 19, 2015, this time to begin the year of the goat. For the occasion the Chinese buy each other gifts, quite often in the form of gold. We can see elevated gold purchases on wholesale level (SGE withdrawals) of late, rapidly being sold to end consumers in the shops at the moment. China Gate News Channel reported on January 3rd a “stampede phenomenon” in a shopping mall in Beijing, were gold was sold at a rate of 400,000 yuan per minute. Reporters saw hundreds of people this morning to appear in a stampede phenomenon. To prevent congestion stores set up a special security tower, have someone on the lookout, to control the shoppers.…Additionally the staff was increased to ensure smoothly shopping. Perhaps the shopping mall was prepared for the stampede after what happened last year; in some Chinese shopping malls 200 Kg was sold in one hour. 400,000 yuan per minute means it’s likely more than 0.6 metric tonnes of gold is sold per day in just one shopping mall in Beijing. How many of these shopping malls are there across China? I wish I knew. These numbers provide an interesting perspective to reflect on SGE withdrawals. The Chinese SGE report that was released today only covered the last three trading days of 2014. Withdrawals (December 29 -31) were strong at 29 tonnes, a rate that transcends global mining production. Total withdrawals for 2014 have reached 2,102.4 tonnes, down 4 % y/y.








Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 0 notices for nil oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 624 contracts even though yesterday’s silver price fell by 16 cents. The total silver OI continues to remains relatively high with today’s reading at 154,525 contracts. However the bankers are still loathe to supply much of the non backed silver paper.The January silver OI contract remains at 15 contracts. In gold we had a small decrease in OI with the fall in price of gold yesterday to the tune of $2.20. The total Comex gold OI rests tonight at 391,482 for a loss of 1,403 contracts. The January gold contract remains at 124 contracts. Today, We had a huge addition in tonnage at the GLD to the tune of 2.99 tonnes/ tonnes of gold/Inventory 707.82 tonnes. In silver, a huge addition of 1.437 million oz silver inventory. SLV’s inventory rests tonight at 329.894 million oz.










Chris Powell (GATA): The hastening decline in the world economy will increase systemic risks, GoldMoney research director Alasdair Macleod writes today. The slump, Macleod writes, “can be expected to undermine global equities, property, and finally bond markets, which are currently all priced for economic stability. Even though these markets are increasingly controlled by central bank intervention, it is dangerous to assume this will continue to be the case as financial and systemic risks accumulate.” Macleod concludes: “Precious metals are ultimately free from price management by the state. Furthermore, they are the only asset class notably under-priced today, given the enormous increase in the quantity of fiat money since the Lehman crisis. In short, 2015 is shaping up to be very bad for fiat currencies and very good for gold and silver.”






Chris POwell (GATA): Bron Suchecki of the Perth Mint posted a commentary on Turkish gold where he states that Turkish gold reserves are overstated. Suchecki’s point is well taken, for it means that a lot of gold in Turkey is double-counted. But then multiple counting of gold reserves long has been Western central bankpolicy and, by extension, World Gold Council policy too, since the council reports central bank gold holdings so uncritically. For as the secret March 1999 report of the staff of the International Monetary Fund discloses, central banks conceal their gold swaps and leases precisely to deceive the gold and currency markets about their secret interventions, to trick the markets into thinking that official gold reserves are far larger than they really are, to prevent the markets from knowing how much gold has actually left central bank vaults and been injected into the market for price suppression through swaps and leases. Official gold reserves are the ultimate weapons of government, and the true location and disposition of central bank gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons — that most official data on gold reserves is completely bogus, concocted for a deception in which the World Gold Council is fully complicit.








Lawrence Williams (Mineweb): A Reuters report yesterday quoted India’s Trade Secretary Rajeev Kher as saying that the country’s Current Account Deficit (CAD) was now under control so there was no need to impose further import controls on gold. India’s gold imports in October and November were running so high (152 tonnes in November and almost as much in October) that there had been speculation that the country would impose additional import controls over and above the 10% import duty on gold and silver currently prevailing. However imports eased to only 39 tonnes in December and 7 tonnes in the first few days of January suggesting that the October and November figures were something of a blip ahead of the major 2014 Festival and Wedding seasons. Imports had been running at relatively low levels earlier in the year and once the high latest figures fell away the Modi government obviously feels that matters are now in hand – and there have even been hints that gold import restrictions may be eased further should the CAD stay under control. These hints may well have contributed to the lower import levels too as traders wait in hope that duties might be relaxed. It should be recalled that the Reserve Bank of India, at the government’s behest, scrapped the 80:20 rule that stated that 20% of imported gold had to be re-exported in fabricated form only last month. However the 10% import duty remains in place. The import duties have led to significant smuggling of gold into the nation – some have estimated this at 300 tonnes or more in 2014 and while this doesn’t show up in import figures it still has an adverse effect on the economy – not least through avoiding the import tax. It also damages the business of the more scrupulous traders, while benefiting those prepared to flout the law. DS: Gold purchasing by the public will help support India's economy when the global economy crashes. If the government seizes it, the government will have it. If the people have it, they will be able to do commerce with gold.




Zero Hedge: The mainstream media narrative – that Germany is ready and prepared for Grexit and that it is no longer a threat to financial stability – is all hype, according to German opposition finance minister Joachim Poss. As Bloomberg reports, all that is mostly posturing for an electorate tired of the aid and angst Greece has demanded since 2010. Simply put, the potential for Euro instability from a Grexit is a detriment to Germany’s massive benefits from the single currency – “Europe can’t afford a Greek exit,” Poss concludes, complacency by Merkel is “playing with fire.”




Sky News: ‘Charlie Hebdo’ Suspects, Paris Hostage-Takers Killed; Four Hostages Dead, Four Severely Injured
The hostage-takers are dead. However, according to Reuters at least four hostages at the Kosher supermarket have been killed according to Reuters, citing a police source. Additionally, CNN adds that the female suspect in the Paris grocery siege escapes.




Zero Hedge: Just as T.Boone Pickens warned, US Rig Counts are plunging. Down by 61 this week alone – the biggest weekly drop in over 5 years – at 1,750, this is now the lowest since November 2013 (and very close the lowest since 2010). The 10% or so plunge in the last 7 weeks is following the same trajectory as the 2008 collapse – which led to – just as Pickens suggested – a 50% crash in rig counts…




Nick Cunningham (OilPrice.com): The oil industry is facing rising debt from collapsing oil prices, but there could be another sector that becomes a casualty of the low oil price environment: liquefied natural gas (LNG). Much of the global LNG trade occurs in Asia, where buying and selling occurs according to long-term fixed contracts that are indexed to the price of oil. As a result, when oil prices were high, so were LNG prices. That is exactly why there has been a rush along the U.S. Gulf Coast to begin exporting cheap American natural gas to take advantage of high prices in Asia. The practice of indexing LNG contracts to the price of oil was something that Japan, the world’s largest consumer of LNG, had hoped to change. High oil prices were inflicting an economic toll on Japan, which had radically increased energy imports after shuttering its nuclear reactors. However, oil-indexed contracts cut both ways. Now with oil prices hovering around $50 per barrel – less than half of what they were last summer – spot cargoes for LNG have seen their prices collapse as well. Japan isin no hurry to see the industry undergo dramatic reforms. Not only are low oil prices pushing down LNG prices, but demand in Asia for LNG is much lower than anticipated. Without a rise in oil prices, 2015 is looking like a grim year for LNG exporters. DS: As Zero Hedge pointed out, the Baltic Dry Index has never been lower for this time of year than it is right now. Also, if there is such a huge surge of LNG coming on line right now, what is Europe worried about? Hire some cheap tankers a la the low BDI and haul LNG to Europe to feed their factories and furnaces. The US could have done that if they wanted to, but no, we are/were flaring off natural gas at the well head instead of selling it on the market.




Zero Hedge: On the surface, the December jobs report was good, with 252K jobs added, higher than the 240K expected, leading to a fresh cycle low unemployment rate of 5.6%, down from 5.8% and below the 5.7% expected, and with the November data revised to a whopping 353K from 321K, a net change of 50K including the October revision. However it was the average hourly earnings where the real details were hid, and it was here that Wall Street was expecting a 0.2% increase. Intead the BLS reported a whoppping 0.2% decline in average hourly earnings, with the last month’s 0.4% jump revised lower by half to 0.2%.This was the biggest crash in hours earnings since the data series began in 2006. Which means one thing: the waiter, bartender, retail worker recovery continues.




Tyler Durden: Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.


















This Will Not End Well (In The Short Term)










Susan Duclos (All News Pipeline): Editor and publisher of the Golden Jackass and the Hat Trick Newsletter, Dr. Jim Willie, joins Paul Sandhu for an informative and enlightening discussion on what we are seeing happen with the global economy. Oil prices, the US Dollar, China banding together with the BRICS to replace the dollar in trade, the annexing of Europe, all connected to a "system wide breakdown" to which Willie asserts is in "full view and gathering momentum," just as he and others predicted months ago. Willie informs listeners that "everything is breaking" and "nothing is being spared" as he talks us through the back room deals being made, the manipulation of the global economy and the outright lies the US government and the west, with the MSM's complicity and help, are telling the world. The importance of this information cannot be overstated as Willie says "the dollar is dying," and as was explained in Saturday's ANP article titled "Surprise, Surprise! Did You Know That You Don't Own Your Bank Deposits Anymore?," once the dollar takes it's last gasp, the banking institutions which will be the first to take the direct hit, will have the legal right to confiscate depositors' money in order to attempt to save themselves and the Dollar.










Jim Hoft (Gateway Pundit): King Abdallah of Jordan and the brother of the Emir of Qatar marched today alongside the German chancellor Angela Merkel and the Spanish, Italian, Ukrainian, Nigerian, Israeli, Palestinian and Malian leaders – more than 50 world leaders in all – in the two mile march from the Place de la République to the Place de la Nation in eastern Paris. Noticeably missing is Barack Obama, Vice President Joe Biden, Secretary of State John Kerry and Eric Holder. AG Holder was sent to Paris for the march and rally but was not seen at the march.










Rocky Heights Middle School in Littleton, Colorado takes students to a Mosque each year and forces them to bow and pray. The principal escalated things this year by demanding that all female students submit to a Sharia law based dress code. From EAGNEws.org: “Public schools are forbidden from holding girls to different standards than boys,” Boyles notes. “They’re holding these girls to a different standard – it’s a religious reason. “Islam dictates many, I believe – personal belief – repressive practices against women and Islamophobia will trump womens’ rights. Animal rights every time, and the environment.” Boyles says, “That’s their belief – that’s wonderful. But don’t apply it to public school kids.” He notes there is a difference between an individual visiting a house of worship voluntarily and complying with its rules, versus a school requiring students to comply with them. According to Boyles, the mosque is the only place students will be visiting that has a strict dress code. “Sharia in the classroom,” Pamela Geller says succinctly on her website. Here again we see anywhere American law and Islamic law conflict, it is American law that has to give way.” Geller adds, “The subjugation and oppression of women are enshrined under the sharia. Young school girls should not be forced to “respect” a dress code that represents honor violence, female genital mutilation, forced marriage, child marriage et al.”










Jillian York (EFF.Org): The latest survey found that writers living in liberal democratic countries "have begun to engage in self-censorship at levels approaching those seen in non-democratic countries, indicating that mass surveillance has badly shaken writers' faith that democratic governments will respect their rights to privacy and freedom of expression, and that—because of pervasive surveillance—writers are concerned that expressing certain views even privately or researching certain topics may lead to negative consequences." Specifically, more than 1 in 3 writers living in "free" countries (as classified by watchdog Freedom House) stated that they had avoided speaking or writing on a particular topic since the Snowden revelations, and only seventeen percent of writers in these countries felt that the United States offers more protection for free speech than their countries. A whopping sixty percent of writers in Western Europe and fifty-seven percent in the remaining Five Eyes countries (Australia, Canada, New Zealand, and the UK) think that US credibility “has been significantly damaged for the long term” by NSA spying. PEN also asked respondents to share their feelings about surveillance in their own countries, and found that in every grouping ("Free", "partly free," and "not free" by Freedom House standards), more than seventy-five percent of writers are "very" or "somewhat" worried about government surveillance at home.






Stephen Gutowski (FreeBeacon): Christian persecution across the globe has reached a new high in modern times and the worse may be yet to come, according to a report from the Christian watchdog group Open Doors. The group issued on Wednesday their latest World Watch List, which ranks countries based on their hostility to Christians. They said their research indicated worldwide persecution of Christians was particularly rampant last year and only increasing. Today, Open Doors released its annual World Watch List, which ranks the top 50 countries where it is most dangerous and difficult to be a Christian. This year, the threshold was higher for a country to make the list, indicating that worldwide levels of persecution have increased. Topping the 2015 list for the 13th consecutive year is North Korea. Africa saw the most rapid growth of persecution, while the Middle East saw targeted attacks, resulting in a mass exodus of Christians. Approximately 100 million Christians are persecuted worldwide, making them one of the most persecuted religious groups in the world. Islamic extremism is the main source of persecution in 40 of the 50 countries on the 2015 World Watch List. While persecution can take many forms, Christians throughout the world risk imprisonment, torture, rape and even death as result of their faith. “Even Christian-majority states are experiencing unprecedented levels of exclusion, discrimination and violence,” said David Curry, president and CEO of Open Doors USA. “The 2015 World Watch List reveals that a staggering number of Christians are becoming victims of intolerance and violence because of their faith. They are being forced to be more secretive about their faith.”






John (Patriot Net Daily): The number of volcanoes that are erupting continues to rise, and scientists cannot seem to explain why this is happening. In 2013, we witnessed the most volcanic eruptions worldwide that we have ever seen in a single year, and this increased activity has carried over into 2014. In recent months, we have seen major volcanoes roar to life in Russia, Peru, Hawaii, Reunion Island, Indonesia, and all over Alaska. It is highly unusual for so many volcanoes to all be erupting at the same time. According to Volcano Discovery, a whopping 34 volcanoes are erupting around the globe right now. This is sending a massive amount of dust and ash into the upper atmosphere, and it may explain why many parts of the planet are experiencing strangely cold weather at the moment. If this trend continues, we could potentially be facing years of crop failures and widespread famines all over the world. And what we have witnessed already may just be the beginning. There are several more very large volcanoes around the globe that scientists are extremely concerned about right now. For example, just check out what is going on in the Philippines…Mayon Volcano in the province of Albay was placed on “Alert Level 3 on Monday evening, September 15, after showing signs of “relatively high unrest,” the Philippine Institute of Volcanology and Seismology (PHIVOLCS) said. But of even greater concern is Bardarbunga. It is the largest volcano system in Iceland, and a major eruption could potentially be absolutely catastrophic… This time the threat of an eruption – potentially even more powerful than the one in 2010 – is posed by Bardarbunga, the biggest of Iceland’s 30 or so volcanic systems. Located roughly at the country’s centre, the volcano’s 10-kilometre caldera lies several hundred metres beneath Vatnajokull, Europe’s largest glacier by volume. Scientists are taking the latest rumblings seriously: roughly 8000 years ago, after all, the volcanic leviathan let rip with the largest eruption of the past 10,000 years. The possibility of volcanic eruptions substantially cooling our weather is the biggest “climate threat” that we are facing by far. Without warm summers and plenty of sunshine, our crops will not succeed. And global food supplies are already stretched to the limit. Just this week we learned that one out of every nine people in the world does not have enough food to eat. What would happen if global food production was cut by 10 or 20 percent for a few years? So keep an eye on Bardarbunga and the other major volcanoes around the planet that are rumbling right now. They may just play a major role in our immediate future. https://www.patriotnetdaily.com/the-number-of-volcanic-eruptions-is-incr...






Indian Country News: Cascadia’s Locked Fault Means Massive Earthquake Is Due in Pacific Northwest: Seismologists—The Cascadia fault in the Pacific Northwest is locked up, meaning that a massive megathrust earthquake could occur at any time, seismologists are warning. “It’s impossible to know exactly when the next Cascadia earthquake will occur,” said Evelyn Roeloffs of the U.S. Geological Survey, speaking last year on the 313th anniversary of a massive quake that hit in 1700—the last major one in the region. “We can’t be sure that it won’t be tomorrow, and we shouldn't make the mistake of assuming we have decades to prepare.” The tectonic plates normally glide and rub against each other, but periodically they become wedged together. When the fault quits sliding and becomes “locked” in place, it builds energy until it finally ruptures, relieving hundreds or thousands of years of stored-up stress in seconds, Roeloff said. Now, earthquake scientists from Canada and the U.S. who monitor seismic activity along the Cascadia coast have concluded that the dangerous fault line is fully locked, which carries serious implications for an earthquake in the Pacific Northwest. “What is extraordinary is that all of Cascadia is quiet,” University of Oregon geophysics professor Doug Toomey told the Associated Press earlier this month.
















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










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










Quote:



Good evening Ladies and Gentlemen:


Here are the following closes for gold and silver today:





Gold: $1216.00 up $7.60 (Comex closing time)
Silver: $16.39 up 4 cents (Comex closing time)








In the access market 5:15 pm





Gold $1223.00
Silver $16.50













Thursday, Jan 8th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 624 contracts from 153,901 up to 154,525 despite the fact that silver was down by 16 cents yesterday. The front January contract month saw its OI remain at 15 contracts for a loss of 0 contracts. We had 0 notices filed yesterday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI rose by 270 contracts up to 103,948.





In Gold:




Quote:

The total gold Comex open interest fell today by 1,403 contracts from 392,885 down to 391,482 with gold down by $2.20 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI contracts remain at 124 for a loss of 0. We had 0 contracts served yesterday. Thus we neither lost nor gained any gold contracts standing for delivery in this January contract month. The next big delivery month is February and here the OI fell by 13,594 contracts to 202,844 contracts with many moving to April.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 17,688. The confirmed volume yesterday was fair at 30,998. We had 0 notices filed for nil oz today. it sure looks like the bankers have scared away all investors wishing to play the Comex. Leverage has completely disintegrated.





In Gold:




Quote:

The estimated volume today was poor at 67,656. The confirmed volume yesterday was also poor at 149,306 contracts, even though the high frequency traders gave some help with respect to volume. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz
We had 0 customer deposits:
Total customer deposit nil oz


We had 3 customer withdrawals:
i) Out of Delaware: 5,974.01 oz
ii) Out of Brinks: 3059.000 oz (exact weight??)
iii) Out of Scotia: 721,720.62 oz
Total customer withdrawal: 730,754.321 oz


We had 0 adjustments
Total dealer inventory: 65.037 million oz.
Total of all silver inventory (dealer and customer) 173.591 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 0 customer withdrawals
Total customer withdrawal: nil oz


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


We had 0 adjustments





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 0 contracts for nil 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (104) x 5,000 oz to which we add the difference between the OI for the front month of January (15) – the Number of notices served upon today (0) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
104 contracts x 5000 oz= 520,000 oz +OI standing so far in January (15)- no. of notices served upon today(0) x 5,000 oz = 595,000 oz


We neither gained nor lost silver ounces standing for the January contract month.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (124) minus the number of notices served upon today (0) x 100 oz = 13,200 the amount of gold oz standing for the January contract month. (.4100 tonnes of gold)


Thus the initial standings:
8 (notices filed for the month x 100 oz) +OI for January (124) – 0(no. of notices served upon today) = 13,200 oz (.41 tonnes).
We neither gained nor lost any gold contracts standing for delivery
Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 709.00, down 2.07%. WTI February crude was 48.36 down 1.13. Brent crude was 50.11 down 0.85. The spread between Brent and WTI was 1.75 up 0.28. The 30 year US Treasury bond was down 0.0300 at 2.5600. The 10 year T-Note was down 0.0500 at 1.9700. The dollar was down 0.40 at 91.92. The PPT/Dow was 17737.37 down 170.50. Silver closed at 16.52 up 0.14. The GSR was 74.0557 up 0.2523 oz of silver per oz of gold. CIA's Facebook was 77.74 down 0.44 (0.56%). March wheat was down 3.25 at 563.750. March corn was up 6.00 at 400.25. February lean hogs were up 0.850 at 79.025. March feeder cattle were down 4.500 at 212.550. March copper was down 0.016 at 2.755. February natural gas was up 0.019 at 2.946. March coal was down 0.10 at 48.30.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Mon, Jan 12, 2015 - 10:30pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 12 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): Gold prices rise on the unexpected fall in us hourly earnings. Gold reached a 1 month high on speculation that the U.S. Federal Reserve will not act fast to increase interest rates to protect the economic expansion. U.S. Employment data showed that hourly earnings for U.S. employees fell in December by the most since 2006, even though the payrolls number grew by 252,000.










Koos Jansen (BullionStar.com): The lawful owner of the 8,134 tonnes of official gold holdings of the United States is the US Treasury. The Federal Reserve handed over the official gold reserves to the Treasury in 1934 and in return received gold certificates – which, by the way, are not redeemable for gold, only for dollars, but that’s not the point now. The point is these gold certificates are still valued on the Fed’s balance sheet at $42.22 an ounce. The free market price of gold is currently about $1,200. The reason the US capped the value of gold on their books at $42.22 in the seventies is because they wanted to phase out gold from the international monetary system to increase the power of King Dollar; denying the true value of the yellow metal supported this ambition. And so the Fed pretends until this day gold is worth $42.22, all in an effort to make us believe in the strength of the dollar. However, the US can’t pretend forever the price of gold is $42.22.








Koos Jansen on Wikileaks: The next Wikileaks cable is a summary of a meeting that took place in October 1976 between, among others, chairman of the Federal Reserve, Arthur Burns, and a delegation of Chinese bankers from the PBOC. For the record, this was five years after Nixon suspended US dollar convertibility into gold and one month after Mao Zedong past away. Most notably the Chinese stated they see inflation as economic weakness and particularly expressed their interest in IMF gold auctions and the issuance of SDR’s. Sounds to me the PBOC was particularly not very enthusiastic about the US dollar as the world’s reserve currency in 1976. Inflation in China has not been close to zero since 1976, nor did they adopt a form of gold standard in the seventies. However, this can all have been according to plan. If China had any ambitions in the late seventies to move away from the dollar and become an economic powerhouse, perhaps they decided it was best to first grow and develop within the existing system before making a change, because this is exactly what happened












Harvey: Gold had a boost today with news that the Ukraine has reserves of only 7.5 billion dollars. They are now within a whisker of default and need help from the iMF. It also looks very likely that we are going to have a GREXIT and with it all the ramifications. Our European bankers do not like this one bit. The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 0 notices for nil oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 683 contracts with Friday’s silver price up by 4 cents. The total silver OI continues to remains relatively high with today’s reading at 155,208 contracts. However the bankers are still loathe to supply much of the non backed silver paper.The January silver OI contract remains at 15 contracts. In gold we had a large increase in OI with the rise in price of gold on Friday to the tune of $7.60. The total Comex gold OI rests tonight at 394,512 for a gain of 3030 contracts. The January gold contract remains at 124 contracts. We had no change in tonnage at the GLD and the inventory stands at 707.82 tonnes. In silver, we had a huge withdrawal of 1.915 million oz silver inventory. SLV’s inventory rests tonight at 327.979 million oz. GOFO is positive and increasing.










Peter Cooper (Arabian Money): Gold and silver prices are hovering on the brink of a breakout this weekend as financial markets contemplate the time bomb that is now ticking with the European Central Bank finally on the spot over quantitative easing after a slide into deflation last week. January 22nd is the next ECB meeting. So will it be QE or not QE? Precious metal prices are rising in anticipation of money printing in Europe. Eurozone stock and bond markets have been pricing it in too. But there is a problem. The Germans are the paymasters of Europe and loathe money printing because it destroyed their currency twice in the last century, and they can still put up quite a fight in the law courts. It's not so simple. There is also the problem that any bond buying program would have to include Greece which is insolvent and on the brink of leaving the euro again. As ever with the Byzantine politics of the European Union this is not a straightforward situation and a messy compromise is the most likely outcome. Unfortunately global financial markets are expecting full blown QE from the ECB, partly as a logical response, partly out of self-interested greed. Reality is likely to be very disappointing. Equities will crash and bond markets spike. Gold and silver may still benefit as a safe haven trade though they would also benefit far more in the short term from the roll of the printing presses. Three days after the ECB meeting there is an election in Greece that may bring the left-wing Syriza party to power whose mandate is to repudiate austerity even if it means leaving the euro. What will this mean for stability in global financial markets?










Bill Holter (Miles Franklin): Let me wrap this up by explaining what a Ponzi scheme is and how they work …until they fail. All Ponzi schemes start with “confidence” (and thus the word ‘con-man’). The investor is promised a return on his money. The conman “uses” the investor’s money, in order for the conman to pay the fist investor he must find another investor. In order to pay these two investors, he then must find two more investors. Then four, then eight, then 16 and so on. The scheme grows and grows until there are not enough new investors left to pay off the existing investors. This is when the scheme fails publicly and everyone finds out they lost their money. This is exactly what our banking and financial systems are, Ponzi schemes. We are told all sorts of lies to keep our confidence. We are told there is no inflation and in fact we “need” more inflation. We are told unemployment is at multi year lows. The problem is, more and more “marks” are figuring out the lies, confidence is waning. On the other hand, the ability to expand the Ponzi is also strained as the world had reached debt saturation in 2008. Sovereign governments stepped up and began to borrow heavily in order to keep the game going. Now even treasuries themselves have reached debt saturation and can borrow no more. Both necessities to a successful Ponzi scheme are now faltering, “confidence and new money”. If you doubt this, then ask yourself “why”? Why have nearly ALL Western governments passed into law “bail in” provisions to their banking systems? A “bail in” is where you as a depositor lose part or all of your savings if the bank goes broke. In 2008 it was the government that stepped in and “bailed out” the banks, this time it will be YOU (and your money), the depositor who will bail out the banks. The legislation has been put in place over the last year to 18 months. Do you really believe there would be this type of legislation if they did not intend to use it? Lastly, what can you do about all of this? I’ve shown you the government has crossed the banana republic threshold, the central bank has gone as far as is practically possible and the banking system has been prepared for a collapse …get out of “it”! “It” being the entire system because it is a Ponzi scheme. “It” being dollars issued by an insolvent central bank and lent to a bankrupt Treasury to borrow. “It” being these dollars held by you and held at a bank within a system which already has contingency plans for how to handle their collapse!






Zero Hedge: The last session in China on Friday provided an epic roller-coaster as exuberant retail BTFD’ers met their match with fading inflation and surging default risk concerns. The Monday session has opened to more of the same – with the Shanghai Composite opening down another 1.3% and erasing all the year’s gains. As Shanghaio Daily reports, the Chinese property developer Kaisa Group Holdings (that we have discussed in detail here and who’s next here) failed to repay a US$26 million bond coupon, making it the first Chinese property firm to default on dollar bonds.




Tyler Durden: Every couple of years the same identical European drill repeats itself: 1) Greece makes loud noises as it approaches an election, 2) Europe says it couldn’t care what the outcome is and that Greece should stay in the Euro but if it exits it won’t be a disaster, 3) the ECB reminds everyone of the lie that it is not preparing for Plan B (it is) despite holding on to over €100 billion in “credibility-crushing” Greek bonds, 4) panicking Greek banks say the deposit outflow situation is completely under control (adding that “The Bank of Greece along with the European Central Bank are monitoring closely the developments and intervene whenever this is necessary,” which is code word for far more familiar, five-letter word), and meanwhile 5) all non-Greek banks quietly start preparing for the worst case scenario. So far this time around, we had everything but step “5”. We do now. According to the WSJ, “banks and other financial institutions in Europe are stress-testing their internal systems and dusting off two-year-old contingency plans for the possibility Greece could leave the region’s monetary union after a key election later this month.Among the firms running through drills are Citigroup Inc., Goldman Sachs Group Inc. and brokerage ICAP PLC, according to people familiar with the matter.” And soon enough Bloomberg, because who can possibly forget the mysterious appearance of the “XGD Crncy” in June of 2012, only to disappear moments later after a few hurried phone calls from Frankfurt…






Zero Hedge: Just 13 short months ago – two months before then President Yanukovich was ousted – Russia lent Ukraine $3 billion (by buying their Eurobonds). As Reuters reports,the terms of that loan included a condition that Ukraine’s total state debt should not exceed 60% of its GDP. As of last month, based on Moody’s estimates, Ukraine has violated that condition with a debt-to-GDP of 72% (and will likely rise to 85% of GDP in 2015).. and so, according to Russian finance minister Anton Siluanov, “Russia has the right to demand early return of this loan.” With European aid ‘contingent on major reforms’ and possibly taking up to 1 year, this leaves the good old IMF (i.e. the US and European taxpayer) to bridge Ukraine’s ‘gap’ and ironically bailout Russia.




Tyler Durden: Amid contingent offers of more bailout loans from Europe, and a looming $3bn debt repayment to Russia, Ukraine’s default risk has surged once again to post-crisis record highs. With missing gold and despite foreigners encouraging investment, Ukraine’s reserves are in total freefall as this morning’s data shows a new low and down a stunning 63% year-over-year.




Zero Hedge: Despite calls for a bottom all the way down from $90, $85, $80, $75, $70, $65, $60, $55, and then $50… crude oil prices (both Brent and WTI) are now below that crucial level (and as Kyle bass notes, even very wealthy nations like Saudi Arabia and Norway are going to have to tap into their sovereign wealth funds to support their annual budgets this year or next). WTI is trading with a $46 handle once again (at fresh cycle lows), and Brent is trading oince again at fresh cycle lows with a $48 handle. Just as worrying away from the apparently OPEC-over-supplied (and nothing to do with demand) oil complex, copper prices just broke below $6000/mt for the first time in 5 years (which ‘over-supplier’ will get the blame for that? Or is it really about demand after all, just as Saudi Prince bin Talal warned). And don’t mention Iron ore, Steel, Aluminum… which all hit new cycle lows…




Tyler Durden: The only other times that Bloomberg’s broad-based (i.e. not all OPEC’s fault) Commodity Index has fallen so far so fast was in 1999 (before stocks crashed) and 2008 (before stocks crashed). At 12-year lows, the raw material of the world’s economies is flashing a big fat red warning signal that all is not well (despite stocks being a ‘smidge’ off record highs). WTI traded with a $45 handle… but apart from that, everything’s great (oh wait and the 230 pip USDJPY roundtrip). Amid all this turmoil, gold just broke to $1235 – its highest in a month.






This Will Not End Well (In The Short Term)






Greg Hunter (USAWatchdog.com): Dr. Lawrence Kotlikoff who was also a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation–not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”






Susan Duclos (All News PipeLine): While Barack Obama was giving a "security speech" about new proposals to protect America's Internet systems from cybersecurity threats, a groups calling themselves the ISIS Cybercaliphate was busy proving just how ineffective out security protocols really are as they hacked into both the CENTCOM's Twitter account and YouTube account, which I go over in detail in the video below and show in screen shots. As of publishing this article, both accounts have been "suspended" until CENTCOM can get control back and remove the documents, photos and data that ISIS publicly posted, supposedly obtained from CENTCOM themselves, employees mobile devices and in one claim, the Pentagon. One of the most disturbing messages, accompanied by data proving their assertion, were the two statements "American Soldiers, we are coming, watch your back," then a chilling threat of "We won't stop! We know everything about you, your wives and children."










Susan Duclos (ANP): With the latest disturbing reports of Russian high level officials warning of World War III and experts warning that nuclear war could break out as the west continues to "poke the bear," with Russia's new 'war doctrine' that allows them to use nuclear force proactively, it brings to mind the prophecies, the visions and the dire warnings of America burning, invaded and defeated. Dumitru Dudaman envisioned Russia attacking America by sea and destroy America by nuclear weapons. Henry Gruver described a vision of the invasion of America and its total destruction by the hands of the Russians and the Chinese. He saw Russia moving by sea and air from the north to destroy America by nerve gas and nuclear weapons. David Wilkerson described an economic collapse followed by a Russian invasion. William Branham saw an explosion, and the nation of America was turned into ashes from coast to coast. The similarity of those visions combined with ancient biblical prophecies which many believe refer to America as Babylon, speaking of the "habitation of devils" (Revelation 18:2), plagues, death, mourning and famine (18:8) and how "she shall be utterly burned with fire," (18:8), comparing them with news reports of mysterious illnesses, Ebola, food shortages in America and WW3 approaching, and some wonder if we are not watching prophecies, old and new, coming to pass. New prophectic warnings are being revealed as well, of a coming invasion, nuclear war or EMP attack as Nathan Leal of The Watchman's Cry warns us of an "approaching nightmare," and that "time is running out, we look at current events, such as Russia and China teaming up against the US Dollar, war games and open talk of World War III , we wonder if the nightmare of a Russian invasion isn't closer than we think. On December 29, 2014, the Hagmann and Hagmann show was joined by Nathan Leal to discuss how this takedown of America has been orchestrated, delving into the economic warfare between the US and china and Russia, where they ask listeners "Have we been paying attention to the signs and the messages?" Which brings us to our headlined question: "Is America facing "Red Dawn" in 2015?










Susan Duclos (ANP): By all accounts, except those parroted by the globalist controlled mass media, it would appear that more troubling days are ahead, and 2015 might well be a year of drastic, dramatic change. In reality, the true economic numbers, or those not malignantly massaged into consumable morsels of misrepresentation, suggest that we are reaching the end of a well-plotted orchestrated collapse. In reality, we are not any safer or more secure. The Paris attacks will undoubtedly lead us into a tighter stranglehold of surveillance. There will be more attacks as the world devolves into a carefully crafted chaos, where the remedy will be akin to post-9/11 security measures, except on a global scale. What failed to work on a nation-state level will be implemented on a global level, giving more control to world powers and restricting the freedoms of the average citizen. We see tensions between the United States and Russia increasing. Peeling back the curtain in Ukraine reveals the presence and power of the IMF and Western intelligence, poking and prodding the bear in a high stakes game of geopolitical poker. China continues to be on a frenzied buying spree of American assets, from the Waldorf Astoria and the Manhattan headquarters of JP Morgan Chase to pristine national land within the United States. Gold and silver are being stacked and stocked by China, Russia and other power players, while the U.S. continues to operate the printing presses at warp speed. All of the aforementioned events appear to be components of a “perfect storm” brewing that will catch many off guard, especially those who are not spiritually awake. In the relative quiet run-up to this storm, it is incumbent that those of us who know what is happening get prepared. Preparation, however, is not merely stocking up on beans, bullion and bullets. Preparation is not just playing defense, but involves individual and collective actions that can make a difference not just for us personally, but for our country and the world. It consists of uniting under purposeful prayer and supplication. As we enter 2015, join Steve Quayle and Pastor David Lankford as they discuss 2015, the year of change. Pastor Lankford will detail the changes he sees happening in 2015, and the importance of prayer, repentance and fasting during January leading to the National Day of Prayer, Fasting and Repentance on Saturday, January 31, 2015. Consider global geopolitics, the economy, and other critical components of the “perfect storm” brewing and heading directly toward us. Learn what we can do to mitigate the coming events, and what we must do to survive and push forward so we may receive the blessings as we emerge on the other side of this storm.










Kelsey Harkness (The Daily Signal): Firearms sellers say they’re being choked off from payment processors. Go to a gun show, and you won’t find many merchants using PayPal. You’ll also find few vendors using popular payment processors such as Square, Stripe, and Spark Pay. That’s because some payment processors explicitly prohibit the use of their systems for online — and some in-store — sales of firearms, ammunition and certain accessories. Retailers in the gun industry say they’re being discriminated against. “Being shut out from mainstream payment processors makes us feel like we are part of some type of shady business when, in fact, there is more regulation and documentation required for federally licensed firearms dealers than most businesses,” said Trevor Blandford of Terminal Performance Associates in Caroline, Va. The connection between payment processors and banks is inseparable: In order to exchange money from a buyer to a merchant, a bank must process and move that payment. To do business, payment processors must enter agreements with banks to sponsor its payments. Square, for example, has a commercial entity agreement with JPMorgan Chase and Wells Fargo. A business owner using Square is essentially entering an agreement with JPMorgan Chase and Wells Fargo as well.






Michal Snyder (The Economic Collapse): Our liberties and freedoms are being eroded a little bit more with each passing day. In the name of fighting “terrorism” or “extremism”, our government is constructing a Big Brother police state control grid all around us. I like the way that Ron Paul described what is happening to us just the other day… If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege. It didn’t happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised — physical and economic — the less liberty was protected. With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed. It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life. The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that’s like excusing embezzlement as a road to leisure and wealth — eventually payment and punishment always come due. One cannot escape the fact that a society’s wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in. Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if “the children” have to suffer. The deception of promising “success” has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough “gravy” for the rich, the poor, the politicians, and the bureaucrats. The country that our forefathers founded is dying.








David Vose: It has been proven that the U S Government invented the Ebola Virus. Bill Gates, the Richest man in the World, has invested huge money in the Patent, and the Disease. Evidence is now rising that he did it in league with the pharmaceutical companies and in partnership with the Government, to murder many humans while, at the same time, gaining total control of the ones who will obey, and allow themselves to come under the protection of the Government. Just as the Prisons are now under the control of BIG Business, who need more people in Jail, to make More money, thus they pay the Senators and congress off, to make more laws, to make more prisoners. And just as the WAR machine worldwide, has also been handed over to private contractors, who also make Money from war. So, Now, Private people, like Bill Gates, is going to make MONEY from you having a virus. You better believe they will make it easy for you to get a virus, and, if you don't get it on your own, they will invent one. Happy New Year Friend!!!




The Vigilant Citizen: The reputed magazine The Economist published an issue named “The World in 2015". On the cover are odd images: A mushroom cloud, the Federal Reserve in a game called “Panic” and much more. The Economist is directly related to the world elite. It is partly owned by the Rothschild banking family of England and its editor-in-chief, John Micklethwait, attended several times to the Bilderberg Conference – the secretive meeting where the world’s most powerful figures from the world of politics, finance business and media discuss global policies. The outcome of those meetings is totally secret. It is therefore safe to say that the people at The Economist know things that most people don’t. For this reason, its “2015 prediction” cover is rather puzzling. The bleak and sinister cover features political figures, fictional characters and pop culture icons that will surely make the news in 2015. However, most importantly, it also includes several drawings that are extremely symbolic and allude to important elements of the elite’s Agenda. At first glance, we see political figures like Obama and Putin, references to the Rugby cup and the new Spider-Man movie. But a closer look reveals a plethora of disturbing elements. Here are some of them. There is a two-faced globe: One side of the globe gazes stoically towards the West while the other side appears irate. Does this represent a confrontation between the East and the West? The cover features a few other symbols referring to the “rise of the East”. What’s more unsettling is that, immediately under that angry globe, are pictured a mushroom cloud (the kind that happens after a nuclear bomb goes off) and a spy satellite launching into space. Some of the faces of the people on the cover are in full color while others are in black and white. Why is that? A quick compilation of this data reveals that those in black and white appear to be part of the elite (including the ISIS guy who probably works for them) and those in color are “outsiders”. Is this how the elite perceives the world? The presence of the Pied Piper on this 2015-themed cover is downright unsettling. The Pied Piper of Hamelin is a German legend about a man who used his magical flute to lure away the children of the city of Hamelin, never to be seen again. [ DS: There is a modern vision where the seer saw dead American children lying on the side of the roads like roadkill.] Right under the Pied Piper we see a young boy with dumbfounded look on his face. He is watching a game called “Panic”. The words “Federal Reserve” and “Chi” (which probably stands for China) are on top while the words “Green light!” and “sis!” (which probably stands for “Isis!” or “Crisis!”) are at the bottom. The little boy watches as this twisted game of Plinko unfolds the same way the clueless masses watch powerlessly while various events unfold on mass media. As the name of the game states, the ultimate goal is to cause Panic around the world as crises are almost randomly generated by those who control the game. And that’s on a magazine cover owned by the Rothschilds.


Matthew 16:26 what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?









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










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










Quote:



Gold: $1232.70 up $16.70 (Comex closing time)
Silver: $16.54 up 15 cents (Comex closing time)








In the access market 5:15 pm





Gold $1233.00
Silver $16.58













Friday, Jan 9th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 683 contracts from 154,525 up to 155,208 with silver was up by 4 cents on Friday. The front January contract month saw its OI remain at 15 contracts for a loss of 0 contracts. We had 0 notices filed on Friday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI rose by 396 contracts up to 104,344. The estimated volume today was simply awful at 14,325.





In Gold:




Quote:

The total gold Comex open interest rose today by 3030 contracts from 391,482 all the way up to 394,512 with gold up by $7.60 on Friday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI contracts remain at 124 for a loss of 0. We had 0 contracts served yesterday. Thus we neither lost nor gained any gold contracts standing for delivery in this January contract month. The next big delivery month is February and here the OI fell by 5,365 contracts to 197,479 contracts with many moving to April.





Volume




In Silver:




Quote:

The confirmed volume on Friday was fair at 35,393. We had 0 notices filed for nil oz today. it sure looks like the bankers have scared away all investors wishing to play the Comex.





In Gold:




Quote:

The estimated volume today was poor at 70,877. The confirmed volume on Friday was fair at 179,750 contracts, even though the high frequency traders gave some help with respect to volume. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz


We had 1 customer deposit:
i) Into CNT: 695,596.42 oz.
Total customer deposit 695,596.42 oz


We had 1 customer withdrawal::
i) Out of CNT: 103,352.600 oz
Total customer withdrawal: 103,352.600 oz


We had 0 adjustments
Total dealer inventory: 65.037 million oz.
Total of all silver inventory (dealer and customer) 174.183 million oz.





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions.
Total dealer withdrawal: nil oz
We had 0 dealer deposits:
Total dealer deposit: nil oz
We had 0 customer withdrawals

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





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 0 contracts for nil 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (104) x 5,000 oz to which we add the difference between the OI for the front month of January (15) – the Number of notices served upon today (0) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
104 contracts x 5000 oz= 520,000 oz +OI standing so far in January (15)- no. of notices served upon today(0) x 5,000 oz = 595,000 oz


We neither gained nor lost silver ounces standing for the January contract month.





In Gold:




Quote:



To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (124) minus the number of notices served upon today (0) x 100 oz = 13,200 the amount of gold oz standing for the January contract month. (.4100 tonnes of gold)
Thus the initial standings:
8 (notices filed for the month x 100 oz) +OI for January (124) – 0(no. of notices served upon today) = 13,200 oz (.41 tonnes).
We neither gained nor lost any gold contracts standing for delivery
Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 723.00, up 1.97%. WTI February crude was 46.07 down 2.29. Brent crude was 47.20 down 2.91. The spread between Brent and WTI was 1.13 down 0.62. The 30 year US Treasury bond was down 0.0700 at 2.4900. The 10 year T-Note was down 0.0600 at 1.9100. The dollar was up 0.15 at 92.07. The PPT/Dow was 17640.84 down 96.53. Silver closed at 16.61 up 0.09. The GSR was 74.2565 up 0.2008 oz of silver per oz of gold. CIA's Facebook was 76.72 down 1.02 (1.31%). March wheat was down 8.25 at 555.500. March corn was up 1.75 at 402.00. February lean hogs were down 2.375 at 76.650. March feeder cattle were up 0.750 at 213.300. March copper was down 0.030 at 2.726. February natural gas was down 0.151 at 2.795. March coal was down 0.03 at 48.27.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Tue, Jan 13, 2015 - 9:53pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 13 Jan 2015

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










News and Commentary






Mark O'Byrne (GoldCore): Gold priced in euros surged through the €1,050/oz barrier to a high of €1,052.04 per ounce this morning. It’s up 7.2% this month, outperforming gold in dollars which is up 4.8%, and building on the 12% gains seen in 2014. Market participants are increasing allocations to gold in order to hedge a ‘Grexit’ and risks posed by euro money printing. The euro slumped to a near nine-year low against the dollar after another report that the European Central Bank (ECB) is moving closer to announcing a full-scale quantitative-easing programme. ECB policy makers, who have already cut their refinancing rate to a record, introduced a negative deposit rate and offered cheap funding to banks to boost lending, hold their next policy meeting on January 22. The ‘single’ currency has lost 5.2% versus the dollar over the past three months, as a very weak recovery and concerns about deflation have raised expectations that the ECB will begin purchasing sovereign bonds, beginning what economists call “full-blown” quantitative easing. CNBC reported yesterday that the ECB is planning to base its money printing programme on how much a national bank has paid to the ECB every year. This would then determine how much the ECB would buy of that country’s government bonds, a source close to the central bank told CNBC. Ahead of the ECB’s January meeting, economists increasingly expect the bank to announce full-blown QE after the latest consumer-price data showed the eurozone is battling deflation. Also supporting gold is the fact that the dollar has also weakened after the U.S. jobs report for December showed hourly wage growth contracted last month. This made investors delay their expectations for when the Federal Reserve will begin raising its benchmark interest rate. There are also questions as to how successful QE in the Euro area will be given the mixed results seen in the U.S. and Japan. Many economists are skeptical of QE and do not think it will be the panacea that some seem to think it is. DS: Why not listen to history? You can't print your way to prosperity. It never works. You can loosen monetary policy for a while, but if you have too much debt, the only way to get rid of it is to liquidate and clear the books, or the way God handles it, just forgive all the debt every 50 years and start over. However, in the present case, the obscene debt is by design and the intended results are what will happen: monetary and economic collapse.






Chris Powell (GATA): GoldMoney founder and GATA consultant James Turk mocks U.S. economic data and says European stock markets are sensing deflation while the U.S. stock market is sensing hyperinflation from money printing. This, Turk says, will be gold’s year.




Agence France-Presse: The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needs to be curbed. World prices have been falling since June but the pace of the slide accelerated in November when the Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain its production unchanged at 30 million barrels per day. Analysts say that richer cartel members like the UAE have been ready to accept the price fall in the hope that it will force higher-cost shale producers out of the market. “We cannot continue to be protecting a certain price,” the UAE energy minister, Suhail al-Mazrouei, said. “We have seen the oversupply, coming primarily from shale oil, and that needed to be corrected,” he told participants in the Gulf Intelligence UAE Energy Forum in Abu Dhabi. DS: If you are going to bring down the sole superpower, you have to off-shore all of its major industry and hamstring the rest. The oil industry has been the only bright spot in our economy for the last 6 years, but TPTB have decided that 2015 is the year to pull the plug and they are using the oil bomb as the means to start the slide of the national economies. This is all by design. They have already shown they can move the price of oil anywhere they want. Oil went from about $150/bbl down to about $40/bbl in a few months, just like Lindsey Williams said it would do. They completely control the commodity markets, even all markets, as we have seen to our chagrin over the past three years.




Chris Powell (GATA): Alexandre Gautier, wrote yesterday in a reply to our friend Fabrice Drouin Ristori, chief executive officer of Goldbroker.com. In presentations to the London Bullion Market Association in 2013 and last year, Gautier reported that the Banque de France has been trading gold for its own account and the accounts of other central banks “nearly on a daily basis” and that central banks lately have been managing their gold reserves “more actively”. Ristori last week wrote to Gautier asking for details about the Banque de France’s gold trading, including its objectives and counterparties. Replying yesterday, Gautier refused to elaborate on those presentations, writing: “I cannot expand beyond their contents because Banque de France does not make public the management of its foreign exchange reserves. Furthermore, we very seldom give interviews.” Gautier’s acknowledgments — that the Banque de France trades secretly in the gold market “nearly every day” for itself and other central banks and that the bank won’t account for it — are great gifts to journalists. He practically writes the story for them. and if enough journalists started asking, the government security agencies couldn’t get away with killing them all. At least Ristori is still alive as of this hour — peace be upon him too — and he has posted his reply from Gautier at Goldbroker here: https://www.goldbroker.com/news/alexandre-gautier-answers-questions-abou








Bill Holter (Miles Franklin): after looking at all three of these charts, what do they tell you? They tell me something has really changed. If I were in a coma from 2007 until present and woke up to see this, I would be terrified. Don’t get me wrong, I am terrified and know exactly what is coming but after living through the last six years, I have also become a little “numb” just as the public has become totally numb. The public believes the current situation is “business as usual”, this perception couldn’t be further from the truth! No thinking and honest person could possibly look at these charts and not see that something just is not right. Maybe the conclusion arrived at would be incorrect but it is undeniable that something very very big has changed. If you look to history, then you get an explanation and an answer to what these charts are saying. All past empires have done the same thing and these three charts always looked just like this as collapse occurred. All past empires have gone too far into debt and watered down their currencies… the rest is history!




Tyler Durden: For the full year of 2014, Chinese trade grew at just 3.4%, missing the government’s target of 7.5% growth for the third year in a row as the government quick to blame the slowing global economy. DS: Well, that's a pretty huge miss, if you ask me. Andy Hoffman says even the 3.4% numbers are cooked. Since China has been the global industrial powerhouse, it is no wonder that the global economic slowdown has affected their GDP. If the truth was known, probably all of the industrialized nations' GDPs are contracting. The US has printed borrowed money to mask the fact that the US has never truly recovered from 2008, and now the powder keg is probably 4-100 times bigger and somebody has lit the fuze with this oil deflation mess.




Zero Hedge: In the US, Fed’s Jeffrey Lacker (Richmond Federal Reserve, voter, hawk) said labour slack close to being eliminated underscores the view that the Fed should raise rates sooner rather than later to keep inflation under control. (RTRS). The Fed’s Dennis Lockhart (Atlanta Federal Reserve, voter, dove) remarked that if the data is mixed, he prefers a later lift-off date, and the Fed should be cautious and conservative on rates (RTRS). The Fed’s John Williams (Federal Reserve Bank of San Francisco, voter, dove) said a June rate rise is ‘reasonable’ amid job gains. (BBG)




Tyler Durden: Despite the collapse of several key industries (cough Steel & Construction cough), as we have discussed in detail related to the record number of VLCCs charging towards China, Chinese crude oil imports surged by almost 5 million barrels in December – the most on record. This 19.5% surge MoM (and 13.4% YoY) indicates significant efforts to fill the nation’s strategic reserve but -absent this ‘artificial’ demand – spells problems for an already over-supplied global oil market (and its near record contango).




Zero Hedge: Saudi Arabian Oil Minister Ali Al Naimi has asked why he should be responsible for cutting output while U.A.E. Energy Minister Suhail Al-Mazrouei said non-OPEC producers should reduce “irresponsible” production. How can that be? How can American production be ‘irresponsible’ in the land of the free (money). Well, as the following chart from Bloomberg shows, perhaps OPEC members have a point…As Bloomberg’s Chart of the Day shows, crude production in the U.S. increased 75 percent over the past 5 years while output from the Organization of Petroleum Exporting Countries grew 5 percent. Canada boosted supplies by 42 percent while Brazil pumped 24 percent more, according to data from New York-based Energy Intelligence Group. However, what we find most intriguing is the inflection point in US production came at a coincidentally (because to claim causality would be ridiculous, right?) crucial time for the Federal Reserve as it went all in on unlimited open-ended money-printing which crashed the cost of funding for any and every project no matter how non-economic through-the-cycle. Perhaps this post should be re-named “A Fed-Induced Mal-Investment Boom Bursts In Real-Time”…




Zero Hedge: Now that even the pundit brigade has confessed that crashing crude may not be the “unambiguously good” event all of them had sworn as recently as a month ago it surely would be, and stocks are beginning to comprehend that plunging oil may well be rather “unambiguously bad” because without EPS growth (energy is well over 10% of S&P EPS), without multiple expansion (rumor has it the Fed will hike this year), without a jump in stock buybacks (energy companies account for 30% of the buyback growth in 2015 according to Goldman) and without a boost to GDP (energy capex plans are imploding), the only way is down. But there was one key element missing from the “bad” scenario: impaired banks. At least until now, because as Reuters reports, Asia-focused bank Standard Chartered is the first (of many) bank facing billions in losses resulting from the crude crash. The bank, which recently has been on a firing spree and even exited its entire equity business, will likely need $4.4 billion of extra provisions to cover losses from commodities loans, potentially forcing it to raise billions of dollars from investors, analysts said on Monday. Now we read that Suncor cut its capex by $1 billion, fired 1000, and implemented a hiring freeze. There will be many, many more to go.




Michael Snyder (TheEconomicCollapseBlog): At a price of less than $50 a barrel, it is just a matter of time before we see a huge wave of energy company bankruptcies, massive job losses, a junk bond crash followed by a stock market crash, and a crisis in commodity derivatives unlike anything that we have ever seen before. So let’s hope that a very unlikely miracle happens and the price of oil rebounds substantially in the months ahead. Because if not, the price of oil is going to absolutely rip the global economy to shreds. If rapidly falling oil prices are good economic news, the 2008 oil collapse should have pushed the U.S. economy into overdrive. But that didn’t happen, did it? Instead, we plunged into the deepest recession that we have seen since the Great Depression. And unless there is a miracle rebound in the price of oil now, we are going to experience something similar this time. Chad Mabry, a Houston-based analyst in the energy and natural resources research department of boutique investment bank MLV & Co. in New York City. “In 2015, that changes in this price environment,” he said. “We’re probably going to see some job losses on a fairy significant scale if this keeps up.” If the price of oil makes a major comeback, the carnage will ultimately not be that bad. But if it stays at this level or keeps going down for an extended period of time, it is inevitable that a whole bunch of those firms will go bankrupt and their debt will go bad. That would mean a junk bond crash unlike anything that Wall Street has ever experienced. And as I have written about previously, a stock market crash almost always follows a junk bond crash. These are things that happened during the last financial crisis and that are repeating again right in front of our eyes. Another thing that happened in 2008 that is happening again is a crash in industrial commodity prices. At this point, industrial commodity prices have hit a 12 year low. I am talking about industrial commodities such as copper, iron ore, steel and aluminum. This is a huge sign that global economic activity is slowing down and that big trouble is on the way. DS: The Baltic Dry Index has been telling us that the global economy is slowing down for quite some time.




Zero Hedge: The Russian Ruble is re-crashing again today (higher by 3 handles and back above 66 RUB to the USD) as crude oil continues to plumb new depths. Having found some strength – via intervention amid ‘stability’ in crude prices in late December – the selloff since Christmas has been dramatic in both the Ruble and Crude. However, the contagious impact of this massive Ruble devaluation is, as Bloomberg reports, making life tougher for India’s steelmakers. “In the past month or so,deals have been struck for steel imports from Russia,” notes one steel industry executive, adding that such purchases “will only increase,” as lower Russian prices “will be a threat to Indian steel mills.”




Tyler Durden: Having unveiled his non-boots-on-the-ground strategy in September, President Obama’s “promise” was quickly proved fragile when General Martin Dempsey, the chairman of the joint chiefs of staff, indicated to the House of Representatives armed services committee that the strength of ISIS relative to the Iraqi army may be such that he would recommend abandoning Obama’s oft-repeated pledge against returning US ground troops to combat in Iraq. It seems another promise is about to be broken as Bloomberg reports Senator John Cornyn said President Obama told congressional leaders during meeting today at White House he would seek authorization for military force on Islamic State.




Harvey: The Ukrainian situation received a lot of press today. As we pointed out to you yesterday, Ukraine has only 7.5 billion dollars of reserves left (or about 5 weeks of imports). The USA stated that they would lend them $2 billion dollars. However Russia will no doubt accelerate it’s repayment of a 3 billion USA loan given in 2013. The Ukraine is nothing but a cash drain on the west. Oil continues to be the big topic of the day. At one point in the day, both Brent and WTI traded at identical levels as Europe continues to deflate. The losses in the oil patch are huge due to losses in the mega dollar short plus the oil and other commodities that were bought with the dollar short. The yen carry trade continues to unwind as does the Nikkei/gold cross trade. Expect to see billows of massive smoke from the mammoth losses in the trillions. The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 0 notices for nil oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 775 contracts with yesterday’s silver price up by 15 cents. The total silver OI continues to remains relatively high with today’s reading at 155,983 contracts. However the bankers are still loathe to supply much of the non backed silver paper. The January silver OI contract remains at 15 contracts. In gold we had a large increase in OI with the rise in price of gold yesterday to the tune of $16.70. The total Comex gold OI rests tonight at 399,525 for a gain of 5013 contracts. The January gold contract lowers to 87 contracts. Today, we had no change in tonnage at the GLD and their inventory stands at 707.82 tonnes. In silver there was no change in inventory. SLV’s inventory rests tonight at 327.979 million oz. GOFO is positive and increasing.





































This Will Not End Well (In The Short Term)










The Celestial Convergence: National Guards control access as people line up outside a state-run Bicentenario supermarket in Caracas. Business leaders have assured Venezuelans the situation will improve in the coming days as distributors return from the often extended Christmas holidays, though many consumers blamed the socialist economic policies of President Nicolas Maduro. A woman stands with oil and detergent next to empty shelves inside a Makro supermarket in Caracas. "The truth is I don't know what the government is doing. It gets worse every day," said Elizio Velez, 65, a delivery man who arrived at 5 a.m. at a large supermarket on the east end of Caracas in search of chicken and toilet paper. "This is insane, it's like the end of the world," he said, noting that troops had fired shots in the air as scuffles broke out in the line. People line up outside a state-run Bicentenario supermarket in Caracas. Venezuela's 12-year-old exchange control system has for several years struggled to provide enough hard currency to ensure adequate levels of imports, leading to intermittent shortages of raw materials, machine parts and consumer goods. National Guards control access as people line up outside a state-run Bicentenario supermarket in Caracas. Economists believe Maduro's economic reforms will include a devaluation of the bolivar currency, which makes imported goods more expensive and has historically pushed the inflation rate higher. Queues snaked around the block at grocery stores and pharmacies around the country on Friday, with consumers in some cases gathering before dawn under the gaze of National Guard troops posted to maintain order.




Ted Thornhill (MailOnline): Police are using bloodhounds and divers as part of a huge search for a missing AIG executive, last seen at a Californian hotel on Thursday. Omar Arce Meza, 33, from Los Angeles, was last seen at around 11pm at the JW Marriott Desert Springs Resort in Palm Desert. Police divers have searched a pond at the hotel, but to no avail. They have, however, found his jacket and wallet on the hotel golf course. His wife, Diane, described him as ‘highly responsible and reliable’, with his disappearance completely out of character. He hasn’t used his credit card since Thursday and CCTV footage showed him exiting the hotel on foot wearing gray pants and a white T-shirt, and walking near a parking lot before moving out of sight. https://www.dailymail.co.uk/news/article-2907956/Massive-search-underway...








David Stockman (ContraCorner): Yesterday’s WSJ article on rising auto loan delinquencies had a familiar ring. It focused on sub-prime borrowers who were missing payments within a few months of the vehicle purchase. Needless to say, that’s exactly the manner in which early signs of the subprime mortgage crisis appeared in late 2006 and early 2007. More than 8.4% of borrowers with weak credit scores who took out loans in the first quarter of 2014 had missed payments by November, according to the Moody’s analysis of Equifax credit-reporting data. That was the highest level since 2008, when early delinquencies for subprime borrowers rose above 9%. To be sure, subprime auto will never have the sweeping impact that came from the mortgage crisis. The entire auto loan market is less than $1 trillion compared to a mortgage market of more than $10 trillion at the time of the crisis. Yet the salient point is the same.The apparent macro-economic recovery and prosperity of 2004-2008 rested on the illusion of an unsustainable debt fueled housing boom; this time its the auto sector.








Dave Hodges: My research has convinced me that the intelligence regarding a potential attack on the nation's water supply is a highly credible threat and a recent study has shown 54% of companies are not confident or unsure if they could upgrade their antiquated security systems to the next improved security state in cost-effective ways without sacrificing “mission-critical security.” In other words, utility managers are well aware of the threat to critical infrastructure (i.e. water treatment) and these leaders are saying we do not have the ability to upgrade to a more sophisticated security system. This is a national problem and the American people are at extreme risk. “Terrorists equipped with a relatively small conventional explosive might not be able to cause serious structural damage to a massive dam, which is, after all, usually a giant block of rock, earth or concrete. But the adverse consequences of a major dam failure make the risk worth both assessing and reducing. A major dam failure can kill thousands of people and even more modest damage might interrupt power generation or affect some other important water system operation”. Heilprin (2005) found that “A more modern infrastructure concern is the use of remote computers to attack valves, pumps and chemical processing equipment though computer-based controls. If a group or individual could gain control over the automated operations of water facilities, water supplies or quality could be seriously compromised”.










Telesur (Mexico): The Mexican government originally agreed to cooperate with self-defense groups in the country, but now seeks to disarm them. Members of a self-defense group in the southern Mexican state of Michoacan are “thirsty for justice” after police killed their colleges in a neighboring municipality, according to a report by the AFP news agency published Sunday. “The people are hurt and they hate (the government),” one unnamed commander of the self-defense groups told AFP. Federal police attempted to re-take the municipal headquarters in Apatzingan Jan. 6, which had been occupied by members of a self-defense group in protest since late December 2014. The police operation provoked a shoot-out between the self-defense group and the police, leaving nine dead, including one soldier, according to official reports. The self-defense groups were created in Michoacan in early 2013 in response to the violence perpetrated by the Knights Templar drug cartel and the impunity they enjoyed due to their successful infiltration of local police and government. The Mexican government signed an agreement to cooperate with the self-defense groups in January 2014, but shortly thereafter announced that it would no longer tolerate the armed groups. “The government armed them and later took their weapons in order to have them be killed,” the mother of Luis Alberto Lara, one of those killed in Apatzingan, told AFP.








Live Free or Die (All News Pipeline): A brand new video (https: //www.youtube.com/watch?v=6z9y-FtskzY) is getting an awful lot of attention on the internet for what it claims: France's President Francois Hollande admitting on Live TV that 'the illuminati' were responsible for the attacks upon Paris. While those who have followed what was once called 'conspiracy theory', it is not surprising that the NWO/Illuminati were once again responsible for carrying out a terrorist attack; for France's own President to come out and admit in this public address that the Illuminati were responsible takes this 'conspiracy theory' to an entirely new level. You can hear Hollande's words yourself, also translated within for your further knowledge. Is this the 'beginning of the end' for the Illuminati or will they suddenly pick it up another level as they appear to be being publicly exposed here, for the entire world to see? This video should be the eye-opener that every American needs to see...why hasn't the MSM reported on the statements made by Hollande here as the alternative media is now doing?






Proverbs 6:16 ¶There are six things which the LORD hates, Yes, seven which are an abomination to Him:
17 Haughty eyes, a lying tongue, And hands that shed innocent blood,
18 A heart that devises wicked plans, Feet that run rapidly to evil,
19 A false witness who utters lies, And one who spreads strife among brothers.












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










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










Quote:



Here are the following closes for gold and silver today:





Gold: $1234.30 up $1.60 (Comex closing time)
Silver: $17.13 up 59 cents (Comex closing time)






In the access market 5:15 pm.





Gold $1230.90
Silver $17.05













Monday, Jan 12th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

Silver OI rose by 775 contracts from 155,208 up to 155,983 with silver was up by 15 cents yesterday. The front January contract month saw its OI remain at 15 contracts for a loss of 0 contracts. We had 0 notices filed yesterday, so we neither gained nor lost any silver contracts standing for silver in the January contract month. The next big contract month is March and here the OI fell by 51 contracts up to 104,293.





In Gold:




Quote:

The total gold Comex open interest rose today by 5013 contracts from 394,512 all the way up to 399,525 with gold up by $16.70 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI contracts fall to 87 for a loss of 37 contracts. We had 0 contracts served yesterday. Thus we lost 37 gold contracts standing or 3700 oz will not stand for delivery in this January contract month. The next big delivery month is February and here the OI fell by 7,602 contracts to 189,877 contracts with many moving to April.





Volume




In Silver:




Quote:

The estimated volume today was fair at 34,196. The confirmed volume yesterday was fair at 29,083. We had 0 notices filed for nil oz today. The rise in silver is certainly scaring our bankers into supplying more non backed paper.





In Gold:




Quote:

The estimated volume today was poor at 107,599. The confirmed volume yesterday was fair at 163,473 contracts, even though the high frequency traders gave some help with respect to volume. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz
We had 0 customer deposits:


Total customer deposit nil oz


We had 3 customer withdrawals:
i) Out of CNT: 300,042.19 oz
ii) Out of HSBC: 20,007.46 oz
iii) Out of Scotia; 500,429.200 oz (one decimal)
Total customer withdrawal: 820,478.85 oz


We had 0 adjustments
Total dealer inventory: 65.037 million oz.
Total of all silver inventory (dealer and customer) 173.363 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 0 customer withdrawals
Total customer withdrawal: nil oz


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


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 0 contracts for nil 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 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) 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 December, we take the total number of notices filed for the month (104) x 5,000 oz to which we add the difference between the OI for the front month of January (15) – the Number of notices served upon today (0) x 5,000 oz = 595,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
104 contracts x 5000 oz= 520,000 oz + OI standing so far in January (15) - no. of notices served upon today (0) x 5,000 oz = 595,000 oz


We neither gained nor lost silver ounces standing for the January contract month.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (87) minus the number of notices served upon today (0) x 100 oz = 9500 oz, the amount of gold oz standing for the January contract month (0.2954 tonnes of gold).


Thus the initial standings:
8 (notices filed for the month x 100 oz) + OI for January (87) – 0 (no. of notices served upon today) 9500 oz (.2954 tonnes).


We lost 3700 oz standing for delivery.
Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 762.00, up 5.39%. WTI February crude was 46.03 down 0.04. Brent crude was 46.59 down 0.61. The spread between Brent and WTI was 0.56 down 0.57. The 30 year US Treasury bond was down 0.0100 at 2.4800. The 10 year T-Note was down 0.0200 at 1.8900. The dollar was up 0.17 at 92.24. The PPT/Dow was 17613.68 down 27.16. Silver closed at 17.09 up 0.48. The GSR was 72.0246 down 2.2319 oz of silver per oz of gold. CIA's Facebook was 76.45 down 0.27 (0.35%). March wheat was down 7.50 at 548.000. March corn was down 16.25 at 385.75. February lean hogs were down 1.475 at 75.175. March feeder cattle were down 2.375 at 210.925. March copper was down 0.082 at 2.644. February natural gas was up 0.148 at 2.943. March coal was down 0.04 at 48.23.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Wed, Jan 14, 2015 - 10:56pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 14 Jan 2015

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










News and Commentary


Mark O'Byrne (GoldCore): Oil prices fell another 1 percent this morning and continue their collapse – down 57% in just over 6 months. Copper crashed 8% on the London Metal Exchange, plunging to 5 and a half year lows. Oil fell to fresh six-year lows and has fallen almost 60 percent since June 30, 2014 to levels last seen in early 2009 after the 2008 crash (see chart). February Brent crude dropped another 79 cents to $45.80 a barrel and West Texas Intermediate crude for was at $45.34, down 55 cents. Copper for delivery in three months on the LME dropped as much as 8.7 percent to $5,353.25 a metric ton, the lowest intraday price since July 2009. Nickel slid 4.6 percent and lead fell 3.8 percent to the lowest in more than two years. Commodities came under further pressure after the World Bank cut its forecasts for global growth, reinforcing worries of a gloomy economic outlook. There has been much speculation in recent months as to the causes of oil’s dramatic crash in price. Some analysts have suggested that Saudi Arabia is attempting to put the U.S. shale oil industry out of business in order to keep the U.S. dependent on Saudi oil exports. Others suggest that prices were forced down by the Gulf states and the U.S. in order to damage Russia’s exports and its economy. These may be factors but it is becoming increasingly clear that if they are, they are secondary factors to the major trend which is falling demand and a slowdown in the global economy – this is most pronounced in China, in Japan and in Europe. The fact is that the omens for the economy this year are far from good. The most telling sign is not specifically that oil prices are collapsing but that it is happening in conjunction with the most widely used industrial metal – copper. While copper has seen the most notable declines, other industrial metals are also faring poorly. According to Bloomberg, “A gauge of the six main industrial metals has declined 9.3 percent in the past 12 months to the lowest since June 7, 2010.” Clearly global industrial production is slowing down.










Chris Powell (GATA): The pounding of gold and silver mining shares today amid continued rises in gold and silver prices is evidence that central banks and their investment bank agents are desperate to prevent the renewal of interest in the sector, Sprott Asset Management’s John Embry says.










Chris Powell (GATA): The Perth Mint’s Bron Suchecki argues today that gold’s price is being kept down in large part because too many marginal mines remain in operation. Suchecki writes: “We need a much, much lower price to really kill this potential supply but this hasn’t happened. We haven’t seen large numbers of bankruptcies or care-and-maintenance mothballing occurring.” Well, maybe. But how does metal supplied to the market by marginal mines compare with what has been called “synthetic” metal supplied by central banks and their bullion bank agents — “paper gold”? Of course the volume of “paper gold” in the market has been estimated to exceed the volume of real metal by a factor of as much as 100. So what is the real “marginal” supply here? Does it come out of the ground, extracted with great effort and expense, or is it created effortlessly and largely electronically by central banks, which, as Federal Reserve Chairman Alan Greenspan told Congress in 1998, “stand ready to lease gold in increasing quantities should the price rise”? While the gold price also may be affected by central banks not going to central bank heaven — or elsewhere, as the case may be — it remains exceedingly hard to get respectable people to discuss that part of the market. [B]DS: {/B]Sometimes Bron has some thoughtful things to say, and sometimes, like today, you wonder where his head is. Marginal mines produce marginal amounts of metal. He's talking about fringe effects here; the tail wagging the dog so to speak. He ignores the elephant in the room, the 100 times bigger paper market that sometimes sells in one day paper gold that amounts to a year's production of real gold. Which one is going to have more effect? A year's supply of paper gold sold in a few hours or a year's supply of real gold spread out over a year? The answer is obvious, and the marginal miners produce a marginal amount of the real gold spread out over a year. It sounds like more Bronian nonsense to me.






Zero Hedge: After two days of sharp intraday and vicious reversals, the BTFD algos are suspiciously missing overnight, when as reported earlier, a bout of margin calls and stop loss selling meant not crude but copper would crash in today’s episode of “guess the crashing commodity”, on what Goldman dubbed a Chinese demand collapse which for those confused is different than an OPEC supply glut, and is also the reason why the entire commodity complex is trading at a decade plus low. As a result copper plunged to a five and a half year low, in the process halting the market due to the severity of the plunge. But the big event overnight was the farcical announcement by the European top court, which as everyone expected, rejected the German rejection of the OMT as illegal, stating it was not only legal (with certain conditions) but greenlighting the way for the ECB’s QE in one week, a move which sent the EURUSD crashing to a fresh 9 year low!




Tyler Durden: Heavy volumes in the futures markets have smashed Comex Copper prices to as low as $251.90 as China opens. This is the lowest level for copper since July 2009… LME prices are as low as $5,500/mt… Blame OPEC! In fact – we suspect – blame massive rehypothecation hedge unwinds…*COPPER DROPS BELOW $5,500/MT ON LME. *COPPER DROPS AS MUCH AS 5.7% ON THE LME. As Bloomberg reports, the catalyst for this latest leg down appears to be World Bank global growth forecast cuts… Maybe commodities are on to something…Naah – stocks are all-knowing…Copper’s cost curve is coming under pressure…Crude is also under pressure…Then during London trading, copper is halted at the LME after crashing 8%. The Aussie dollar crashes. This is prior to the announcement on the Euro monetary union’s OMT non binding ruling opinion.




Zero Hedge: Sadly for the apologists, all about China, whose credit creation dynamo has all but run dry. Worse, with copper the primary funding metal of its shadow banking system (read The Bronze Swan Arrives: Is The End Of Copper Financing China’s “Lehman Event”? https://www.zerohedge.com/news/2014-06-09/bronze-swan-lands-goldman-expl... and Bronze Swan Lands: Goldman Explains How The China Commodity Unwind Will Happen) things in China are about to get very interesting. The copper crash also comes after LME Warehouse Stock Movements showed copper stockpiles rise 2.1% to highest since May. The copper crash has also impacted adversely all commodity currencies, and NZD, CAD but mostly AUD all fell against all major peers. Here is the AUDJPY tumbling to the lowest since October.




Bottom line: Draghi’s “unconditional” bazooka just became conditional, but it is still a bazooka, albeit one that will never actually be used since well over two years after it was revealed following Draghi’s famous “whatever it takes” speech, it still has no legal term sheet or basis, and no definition on its pari passu or burden-sharing status. And it never will: after all it was merely meant as a precautionary device designed to scare away the bond vigilantes, and never to be actually implemented. Almost a year ago, the German top court found that ECB’s OMT is “illegal”, then promptly washed its hands of the final decision, kicking the ball in the court of the European Court of Justice. Moments ago, the Advocate General Pedro Cruz Villalon of the EU Court of Justice in Luxembourg. Basically, the court has allowed the ECB to drive down borrowing costs using the OMT but it can’t fund bailouts. How the two will be “separated” in a world of fungible money is unclear and will likely be the basis for another court appeal. Where are we now? It appears the answer, absent additional details, is the red “baseline” scenario, which as SocGen noted “would undermine Draghi’s promise of “whatever it takes” and leave the region more vulnerable to an eventual resurgence of risk.”






Harvey: Yesterday we had gold and silver higher but the gold/silver equity shares were much lower. It sure looked like the boys were going to raid today. However FEAR spread throughout the globe with oil crashing in Europe along with the price of copper. Then once NY started to trade, we were greeted with news of awful retail sales (remember that the consumer is 70% of GDP) coupled with horrible earnings report from JPMorgan. The housing sector continues to act in disarray. This sent the Dow futures down dramatically. However gold and silver started to rise on those fears. The bankers had their work cut out for them, trying to cool the prices for our precious metals. Judging what they did late in the Comex session and in the access market, one can expect another raid attempt tomorrow. For some unknown reason, oil rose late in the day by over 2 dollars and this caused the Dow to rise from negative 350 to negative 187. It looks like Europe is heading into huge head winds of deflation. The USA will no doubt head into hyperinflation, once all of those unwanted USA dollars from the Petrodollar seeks to purchase stuff in the USA. The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 130 notices for 650,000 oz. Three months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest rose by 1299 contracts with yesterday’s silver price up by 59 cents. The total silver OI continues to remains relatively high with today’s reading at 157,282 contracts. However the bankers are still loathe to supply much of the non backed silver paper. The January silver OI contract rose by 237 contracts up to 252 as somebody was in great need of silver. In gold we had a large increase in OI with the rise in price of gold yesterday to the tune of $1.60. The total Comex gold OI rests tonight at 402,108 for a gain of 2,583 contracts. The January gold contract remains constant at 87 contracts. GOFO was positive and increasing.



Zero Hedge: Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the first time in almost two decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015. This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling. We added that in 2014 “the oil producers will effectively import capital amounting to $7.6 billion. By comparison, they exported $60 billion in 2013 and $248 billion in 2012, according to the following graphic based on BNP Paribas calculations.”



Tyler Durden: It seems that the three major global carry trades are being unwound. (1) The total dollar global short is 9 trillion USA, and as such we now witness a sea of red blood on the streets as derivatives blow up with the massive rise in the dollar against all paper currencies.We also have the second big yen carry trade unwind as the yen refuses to blow past the 120 level.(3) the Nikkei vs gold carry trade as the Nikkei now collapses causing those short gold to purchase our scarce physical yellow metal. These massive carry trades are causing deflation as the world reacts to a lack of demand. Bourses around the globe are reacting in kind to these events.










Zero Hedge: But but but… US retail advanced sales dropped a stunning 0.9% MoM (massively missing expectations of a 0.1% drop). The last time we saw a bigger monthly drop was June 2012. Want to blame lower gas prices – think again… Retail Sales ex Autos and Gas also fell 0.3%(missing an exuberantly hopeful expectation of +0.5% MoM) and the all-important ‘Control Group’ saw sales fall 0.4% (missing expectations of a 0.4% surge). Boom goes the narrative. Advance Retail Sales massively missed For Dec.










This Will Not End Well (In The Short Term)










Voice of Reason (The Last Great Stand): Right about now, you ought to be scared to death. Obama claims he will develop “An Appropriate Legal Regime” to permanently detain people PRIOR to having committed any crime. The idea of these detentions would be to prevent any individual from committing a FUTURE crime. Obama even goes as far as to say he might detain someone up to TEN YEARS before they MIGHT commit a crime. Aren’t you glad they passed the NATIONAL DEFENSE AUTHORIZATION ACT? Be sure to check out: JUDGE STRIKES DOWN 2012 NDAA! RULES OBAMA MUST OBEY CONSTITUTION; OBAMA PASSES BIGGER, BADDER, NDAA in 2014! - LEGAL TO DATE! NDAA: WHAT OBAMA DOESN’T WANT YOU TO KNOW! Effectively, the way Obama skirts AROUND the Constitution (which we all know he is a professional at) is by having the National Defense Authorization Act (NDAA), Sections 1021 and 1022, authorize indefinite military detention, WITHOUT CHARGE or WITHOUT TRIAL, any person, including an American citizen, and applies the “Laws of War,” to U.S. soil, making the United States legally a BATTLEFIELD. Want the REAL dirt on the National Defense Authorization Act? It REMOVES ALL of your rights guaranteed under the Bill of Rights EXCEPT the 2nd Amendment, and you know how hard he’s trying to get rid of that. The ARMY can come for you at 3am if they want, collect you, throw you in a hole, not tell anyone where you are, and never charge you with anything. Sounds safe given Obama’s track record right? For more information and an in depth explanation of the act that is ALREADY law, I suggest the video below. You might be a bit more motivated to attend OPERATION AMERICAN SPRING ON MAY 16th IN WASHINGTON D.C. Any thoughts you may have about this not being Constitutional, try not to forget what Supreme Court Justice Scalia said a month or so ago: SUPREME COURT JUSTICE SCALIA: “YOU ARE KIDDING YOURSELF IF YOU THINK INTERNMENT CAMPS COULD NOT HAPPEN AGAIN.” TIME IS RUNNING OUT!!!!! OBAMA HAS TO BE STOPPED, WHILE THERE IS STILL TIME. OTHERWISE, ONE DAY YOU’LL WAKE UP… IN A VERY SCARY PLACE!










Susan Duclos (ANP): Back in November of 2014, one of those paying attention, Tyler Durden of Zero Hedge, put out a story called "How The Petrodollar Quietly Died, And Nobody Noticed," with today's moves by Russia, 60% of gas supplies to Europe have been slashed, immediately plunging the entire continent of Europe into an energy crisis. With 6 European nations now completely shut off from gas and Bulgaria only having a few days of gas remaining, they now consider their nation as in a 'crisis situation' and as our videographer warns, the worst is likely yet to come. Will these latest moves by Putin and Russia lead to World War 3 as warned by Zhironovsky days ago and shared below? Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated. This morning, gas companies in Ukraine said that Russia had completely cut off their supply. Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in. Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine. Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'.










All News Pipeline was recently sent the following email from a United States Veteran who was deeply concerned over an experience she had just been through, an event you will see continues a series of related events in a progression towards a full-fledged 'police state' in America and across the planet Earth which mirrors the most vile dictatorships of all-time. With unfolding events rapidly reaching a crescendo, this email warning echoes other such warnings that we have received over the last several days, weeks and months as outlined below to show that once disbanded 'Operation Catchers Mitt' may be back in play and with the reversal in Obama and the US's 'war on terror', targets of 'Catcher's Mitt' are no longer Al-Qaeda terrorists but United States Veterans, 'Constitutionalists' and American gun owners. "America has moved towards its Muslim enemies" a CIA source warned us, a statement recently seen played out in the Obama administration's refusal to send any representatives to the mass rally in Paris following the slaughter at Charlie Hebdo. If you fall into any of the above mentioned groups, this story is a warning to you. The videos below also each give us a piece of the puzzle.




Live Free of Die (ANP): One of our readers sent us the following email, an email that if taken alone might not be so bothersome in this Orwellian age we live in, but combined with the other facts exposed below offers us a window into what 'they' are doing to prepare for the 'end game': I work out of town and stay in a nice campground. I go home on my days off. I went to my wifi signal to sign on to internet when I noticed NSA Surveilance Van# 43 on list. The only people ever on wifi list is people that stay here. I have never seen this before. I am a Christian, Handgun carry permit owner, Veteran, Prolife license plate owner, AFA Action alert participant, ect. Should I be worried!? Do you have any info on what this might be? After receiving this email and consulting a source we are keeping anonymous, we have been warned that such places as national parks, campgrounds, marinas and RV Parks are now totally under surveillance across the entire country by pre-positioned agents (many foreign troops and Russian spetsnaz?) and have been for many years now. With many such areas having great access to water and potential 'bug out locations' for those living in the cities and suburbs once the 'end game' arrives, prepositioned agents of the NWO will be in the perfect place to 'pick off' those who might offer armed opposition to the NWO further down the road. One look at the MIAC program exposed in 2009 and allegedly abandoned by the FEDS shows the way they were going back then, labeling a large percentage of Americans 'terrorist' for their affiliation with either Ron Paul, the Libertarian Party, supporters of the 2nd Amendment and supporters of the US Constitution. For those who think the underlying theme of Missouri's MIAC have just gone away, the recent words from the Spokane, Washington Sheriff's department will prove to you that is hardly the case: When asked to justify the purchase of Mine-Resistant Ambush Protected (MRAP) military-style vehicles and to explain when something like that would be used in the United States, and not in a war zone, a sheriff’s deputy’s answer has caused people to plan protests. Jerry Moffett, a deputy in Spokane County, Wash., said, “We’ve got a lot of Constitutionalists and a lot of people that stockpile weapons, a lot of ammunition. They have weapons here locally.” The statements made by Deputy Moffett should help to prove beyond a shadow of a doubt that the 'switch in sides on the war on terror' shows that this 'war' is now aimed at those who hold dear our Constitutional Rights, the right to criticize religions if we chose to do so, the rights to bear arms, the right to criticize 'criminals masquerading as politicians' as the war upon freedom clearly continues, whether initiated by the left hand or the right. FEMA Camps will SOON OUTNUMBER BANKS across America as well as a GREAT REASON why the NWO globalists WANT to confiscate America's guns as the 2nd Amendment is an EXCELLENT DETERRENT against the breakdown of society, a breakdown the globalists clearly want to happen so that they are able to initiate their own plans










Susan Duclos (ANP): Keeping in mind recent astonishing statements made by Pope Francis indicating he would be willing to baptise aliens should he ever be asked to, as well as some very weird statements made by the Pope's astronomer regarding aliens, Monday's Sheila Zilinksy show where she is joined by researchers and authors Steve Quayle and Tom Horn, titled "Satan as Saviour- Vatican's Astonishing Plan to Unveil the Devil As Humanity's Deliverer," is a must-see as we hear about the events "now in play" across the globe. As Quayle sets the stage pointing to the tail horse of the 4th horseman of the Apocalypse, connecting it to Agenda 21, the Lucifer Telescope on Mt. Graham, and how "disclosure" is being prepared for, but to be unveiled not by the scientific community, but instead by the highest of religious leaders, the Pope, he hands it over to Tom Horn who connects all the dots from Malachi Martin's Jesuit predictions of what would happen if a Jesuit became the religious leader, to biblical prophecies (Daniel - 11) dissected in the Hebrew God of the Fortresses, which speak of the Lord of the atmosphere, an "alien god." Malachi Martin's predictions are chilling in light of what we are seeing today, specifically and as he stated, the Jesuit Pope would usher in a "New World Order" based on Socialism and would work in tandem, ultimately with the rise of the Antichrist for the implementation for the objectives of the Antichrist. Horn also points out that if those predictions are correct, then it is likely he was also correct when he spoke of what is truly happening on the top of Mt. Graham in Arizona. Malachi once told Art Bell that the reason the Vatican forced it's way to the top of Mt. Graham was because at the highest levels of the Vatican governance and geopolitics they know "what is approaching the Earth." Is it any wonder that the "Lucifer Telescope" shares space with the Vatican (VATT) telescope on Mt. Graham? As Quayle rejoins the conversation he highlights the years of research into documenting the mysterious disappearances, the Dopa Stones, elite individuals that have already come into contact with these "beings," and informs listeners that the "deception is going to be so great" that instead of the much talked about stairway to heaven, we will find ourselves on the "spiral staircase to hell." To quote Quayle "we think we have seen great deception, we have only seen the beginning of it." DS: As crazy as Steve Quayle sounds, his work is carefully documented. We need to remember that Werner von Braun, a German rocket scientist and the first head of NASA, warned of terrorists, asteroids, and a fake alien invasion in 1975! Albert Pike warned of the unveiling of the pure doctrine of Lucifer after WWIII in 1871. The Sibyls say the elites will win except God will intervene to prevent them from totally annihilating the children of Adam. TPTB have been amping up the UFO and alien agenda via NASA and Hollywood for decades now. With the project Bluebeam technology and the supertechnology TPTB have kept hidden, they will pull it off. The Vatican will be the headquarters for the NWO, and the ten regions with their ten kings will report to the Grey Haired Prince (the Pope). The NWO with the Vatican and the pure doctrine of Lucifer will prepare the way for the Antichrist who is to arrive in 2034. He will burn Rome and by that act will assume the mantle of ruler of the world.








James 5:1 Come now, you rich, weep and howl for your miseries which are coming upon you.
2 Your riches have rotted and your garments have become moth-eaten.
3 Your gold and your silver have rusted; and their rust will be a witness against you and will consume your flesh like fire. It is in the last days that you have stored up your treasure!
4 Behold, the pay of the laborers who mowed your fields, and which has been withheld by you, cries out against you; and the outcry of those who did the harvesting has reached the ears of the Lord of Sabaoth.
5 You have lived luxuriously on the earth and led a life of wanton pleasure; you have fattened your hearts in a day of slaughter.
6 You have condemned and put to death the righteous man; he does not resist you.
7 ¶Therefore be patient, brethren, until the coming of the Lord. The farmer waits for the precious produce of the soil, being patient about it, until it gets the early and late rains.
8 You too be patient; strengthen your hearts, for the coming of the Lord is near.












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










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










Quote:



Gold: $1234.40 up $0.10 (Comex closing time)
Silver: $16.96 down 17 cents (Comex closing time)



In the access market 5:15 pm



Gold $1230.90
Silver $17.05













Tuesday, Jan 13th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















Total, Jan (Silver), Feb (Gold), Mar (Silver) Open Interest










In Silver:




Quote:

And now for the wild silver Comex results. Silver OI rose by 1,299 contracts from 155,983 up to 157,282 with silver was up by 59 cents yesterday. The front January contract month saw its OI rise to 252 contracts for a gain of 237 contracts. We had 0 notices filed yesterday, so we gained 237 silver contracts or an additional 1,185,000 oz will stand for silver in the January contract month. As I mentioned above, somebody was in great need of physical silver today and they robbed the cookie jar.. The next big contract month is March and here the OI fell by 78 contracts down to 104,215.





In Gold:




Quote:

The total gold Comex open interest rose today by 2,583 contracts from 399,525 all the way up to 402,108 with gold up by $1.60 yesterday (at the Comex close). We are now onto the January contract month. The non active January contract month saw it’s OI contracts remain constant at 87 for a loss of 0 contracts. We had 0 contracts served yesterday. Thus we neither lost nor gained any gold contracts standing for delivery in this January contract month. The next big delivery month is February and here the OI fell by 5,832 contracts to 184,045 contracts with many moving to April.





Volume




In Silver:




Quote:

The estimated volume today was fair at 31,701. The confirmed volume yesterday was excellent at 71,068. We had 130 notices filed for 650,000 oz today. The rise in silver is certainly scaring our bankers into supplying more non backed paper. The OI in silver has seen a slow and steady rise for the past few weeks.





In Gold:




Quote:

The estimated volume today was poor at 122,491. The confirmed volume yesterday was good at 210,092 contracts, even though the high frequency traders gave some help with respect to volume. Today 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 0 dealer withdrawal:
Total dealer withdrawal: nil oz


We had 0 customer deposits:
Total customer deposit nil oz


We had 2 customer withdrawals:
i) Out of CNT: 10,200.34 oz
ii) Out of Brinks: 25,113.56 oz
Total customer withdrawal: 35,313.90 oz


We had 1 adjustment
i) Out of CNT: 656,344.03 oz was adjusted out of the customer account and this landed into the dealer account of CNT
Total dealer inventory: 65.694 million oz.
Total of all silver inventory (dealer and customer) 173.928 million oz.





In Gold Inventory:




Quote:

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


We had 0 dealer deposits:
Total dealer deposit: nil oz


We had 0 customer withdrawals
Total customer withdrawal: nil oz


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


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 130 contracts for nil 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 (received) 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 December, we take the total number of notices filed for the month (234) x 5,000 oz to which we add the difference between the OI for the front month of January (252) – the Number of notices served upon today (130) x 5,000 oz = 1,780,000 oz the number of ounces standing so far for the January delivery month.
Initial standings for silver for the January contract month:
234 contracts x 5000 oz= 1,170,000 oz +OI standing so far in January (252)- no. of notices served upon today(130) x 5,000 oz = 1,780,000 oz


We gained a huge 237 contracts or an additional 1,185,000 oz will stand for the January contract month. The bankers were in great need of silver today.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the December contract month, we take the total number of notices filed for the month (8) x 100 oz or 800 oz to which we add the difference between the January OI (87) minus the number of notices served upon today (0) x 100 oz = 9500 oz , the amount of gold oz standing for the January contract month. (.2954 tonnes of gold)
Thus the initial standings:
8 (notices filed for the month x 100 oz) +OI for January (87) – 0(no. of notices served upon today) 9500 oz (.2954 tonnes).


We neither lost nor gained any gold ounces standing for delivery today.
Total dealer inventory: 770,487.09 oz or 23.96 tonnes.
Total gold inventory (dealer and customer) = 7.948 million oz. (247.23) tonnes)
Several weeks ago we had total gold inventory of 303 tonnes, so during this short time period 56 tonnes have been net transferred out. We will be watching this closely!
This initializes the month of January for gold.





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 757.00, down 0.66%. WTI February crude was 48.19 up 2.16. Brent crude was 48.40 up 1.81. The spread between Brent and WTI was 0.21 down 0.35. The 30 year US Treasury bond was down 0.0300 at 2.4500. The 10 year T-Note was down 0.0500 at 1.8400. The dollar was down 0.08 at 92.16. The PPT/Dow was 17427.09 down 186.59. Silver closed at 16.84 down 0.25. The GSR was 72.9869 up 0.9623 oz of silver per oz of gold. CIA's Facebook was 76.28 down 0.17 (0.22%). March wheat was down 10.25 at 537.750. March corn was down 4.75 at 381.00. February lean hogs were up 0.850 at 76.025. March feeder cattle were down 0.825 at 210.100. March copper was down 0.139 at 2.506. February natural gas was up 0.290 at 3.233. March coal was down 0.46 at 47.77.




Thank you for reading the Harvey Report!










There is much more on Harvey's blog:
https://harveyorganblog.com/.




Goooood day!




**************
Thu, Jan 15, 2015 - 2:14am (Reply to #100)
flyinkel
Offline
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Cedar Rapids, IA
Joined: May 2, 2013
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Police surveillance van story

I have also experienced this being followed in the car in Portland Oregon. Others in my car trying to pick up wifi on computer to find the nice white van 2 cars back following for an extended period of time. As soon as we talked about it in the car they rapidly left, so they probably had remotely activated our cell phones to listen to us even though the cell phones were on, but not currently in use. So the threat is Veterans, Ron Paul lovers, and Constitutionalists that haven't done anything wrong...guilty in all categories. Our nation should be so ashamed we have let these lawless leaders run roughshod over us.

flyinkel
randomness