Harvey Organ Should Be An Interesting Read Today

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Sat, Mar 7, 2015 - 8:17pm
DayStar
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RE: Nuts4Gold

N4G, I am really glad you have found some benefit in reading Harvey all these years. You probably remember how it all started. Storm left Australia to come to America, and I covered for him while he was gone. Then he got sick and didn't continue Harvey and said it was mine. Then the mods threatened to kick me off because I was talking about stuff they didn't want talked about, and I came to TFMR. Harvey has never been as popular on this venue as it was on Kitco, but I hopefully did some good here. I miss Storm a lot, and I pray for him regularly. I pray he gets well, but I never hear from him any more. The last time I heard from him was when his wife died, and that was probably three years ago. He said the Spirit was telling him, "Not yet!", and it wasn't. But the Spirit also said the Jews would be gathered into America after God releases America (Joseph-Manasseh) from the NWO captivity. That is when I hope to return. I want to be part of the second ingathering and the second Exodus, but God has revealed through Sundar Selveraj that there will be a great revival in the PI. I hope to be part of that also.

As far as my path finding happiness in Jesus, that is the only place true and lasting happiness can be found. If I am successful in walking the narrow way, true happiness will be mine for eternity. I covet your prayers for my work for Him in the PI and my eventual safe return.

DayStar

Sat, Mar 7, 2015 - 9:38pm
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This is DayStar (DS) with the

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











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








News and Commentary






Mark O'Byrne (GoldCore): Apple may consume up to 746 metric tonnes of gold per year in the production of its new luxury Apple watch, due for release in April. This equates to roughly one third of gold’s total annual global mine supply. The watch will come in three varieties – the entry level “Sports” model, the mid-tier “Apple Watch” and the upper end “Apple Watch Edition” which the company says will be made of 18k (75% pure) gold and is estimated to retail from anywhere between $4,000 and $10,000. Apple ( APPL ) have ordered their manufacturing plants in Asia to produce between 5 and 6 million units. Around half of these will be the Sports model which is expected to retail for $349. Around one third of the order will be made up of the mid-range watch leaving an estimated one sixth of the order to be comprised of the gold edition. Tidbits, the independent blog discussing all things Apple have estimated that each watch will use 2 ounces of gold. While this may be an over-estimation – a watch made of 75% gold would be be quite bulky if it used a full two ounces – it is not impossible, especially if buyers were to opt for a gold bracelet with the watch. Apple’s reported expectation to shift one million units of the Edition model will be a tall order. In the end it will probably come down to the price. Even at the lower end estimate of $4,000 it’s hard to imagine Apple shifting one million units each month.










GoldCore and the Gold Content of Apple's Watch: While Apple may not use that amount of gold per unit and may not shift its expected volume of units, what is important is that there is a major new buyer in the gold market. Where Apple goes – others may follow creating additional sources of demand. The ramifications for the gold market based on these estimates are significant. Currently, China is already buying more than 1,500 metric tonnes annually or more than 50% of global supply.Creditor nation central banks, particularly the Chinese, are diversifying their gold reserves and accumulating large amounts of bullion on an ongoing basis. Many central banks, including Germany, Austria, the Netherlands, Belgium, are repatriating their own gold reserves from the Federal Reserve and the Bank of England. Many analysts believe that this is forcing their counter-parties into the market to regain gold that should be in their possession but was dumped onto the market as part of the gold-suppression scheme. With an enormous buyer like Apple coming into the market, supply is going to have to come from existing stocks of gold. That is to say, supply does not exist to meet this new demand. Assuming Apple are successful in pitching their new watch to the very rich and trendy, in the real world, where markets are driven by supply and demand fundamentals as opposed to central bank dictats and manipulation, this can only translate into higher gold prices. We expect to see demand and supply fundamentals to reassert themselves in 2015 and we believe that the demand provided by Apple may push prices higher this year and more importantly in the coming years.






GoldCore on China gold: Chinese gold prices were about $4-$5 an ounce higher than the global benchmark at the Shanghai Gold Exchange (SGE) showing demand remains robust in China. Chinese gold withdrawals on the SGE were robust at 37.917 tonnes for the week and are continuing at a run rate which suggests another 2,000 tonnes of demand in 2015. Tyler Durden: Who Knew What When In Gold & Stocks This Morning? Gold trading this morning had some oddities. This was more than the normal shenanigans as just before the official release time of 0830ET, gold started to drop then accelerated past the official release time. But… the actual headlines hitting news wires were delayed because of the lack of lock-up and as is clear below, the ‘real’ selling did not start until those headlines hit. So was this auto-algo selling at 0830 no matter what to ensure markets got the message… or did someone get the unlock-up’d headlines ‘earlier’ than everyone else? More ‘odd’ than normal.












Harvey: The gold Comex today had a poor delivery day, registering 4 notices served for 400 oz. Silver Comex registered 8 notices for 40,000 oz. In silver, the open interest rose by only 381 contracts even though Wednesday’s silver price was flat yesterday. The total silver OI continues to remain relatively high with today’s reading at 163,898 contracts. The front month of March contracted by 41 contracts. We had 8 notices served upon for 40,000 oz. In gold we had a rise in OI as gold was down by $4.70 yesterday. The total Comex gold OI rests tonight at 406,719 for a gain of 3585 contracts. Today, surprisingly we again had only 4 notices served upon for 400 oz. We had a huge withdrawal of 4.48 tonnes of gold at the GLD. The GLD Inventory rests at 756.32 tonnes. The SLV had a huge addition of 1.34 million oz in inventory. The SLV inventory stands at 327.332 million oz which is strange indeed!!










Zero Hedge: The fascinating thing about government reports is some believe they are pre-ordained or made up to create the narrative that the government wants to create. It is not far-fetched, as the government wishes to control everything in our lives. Strangest thing happened today with respect to the release of the NFP report at 8:30AM. The report was not released. That is fact. The report did not come at 8:30AM EST. It was late. So, why then did someone decide at slightly before and at 8:30 to hammer the price of gold on NO NEWS. I’ll tell you why. The algos were programmed to sell at that time. Unfortunately for the people that programmed it, the BLS website did not release the data until 8:31 EST. Now, do you think it was actually humans that were doing selling at that time on a hunch? Nonsense. Those were large sell orders programmed at 8:29.50 and 8:30. The numbers were known. The problem is there is nothing we can do about it. This is a government that caters to the elite and holds the masses in contempt, irrespective of which “political party” is in charge. None of it matters. If you doubt the veracity of any of this, simply examine what the BLS said happened in the energy sector the past few months. According to their numbers the Oil & Gas sector is just fine, accounting for a few thousand job losses. Meanwhile job losses are actually in the tens of thousands there this year and cap-ex has been decimated, which destroys complimentary businesses like steel. But move along and ignore the fiction just as the Greeks. It has treated them well.






Alasdair Macleod (GoldMoney): This month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange’s trading platform on 20th March. From 1st April the Financial Conduct Authority will extend its powers from regulating the participants to regulating the fix as well. This will transfer price control away from the bullion banks allowing direct access to the fixing process for all direct participants and sponsored clients. From this flow two important consequences. Firstly, the London market is changing from an unregulated to a partially regulated market, reducing room for price manipulation. And secondly, the major Chinese state-owned banks, assuming they register as direct participants, have the opportunity to dominate the London physical market without having to deal through one of the current fixing banks. No announcement has been made yet as to who the direct participants will be, but it is a racing certainty China will be represented. Under the current regime a buyer or seller on the fix has to deal through one of the four fixing bullion banks. The information gained by them from seeing this business is crucial, giving them a quasi-monopolistic trading advantage over all the other dealers. Instead, buyers and sellers will be anonymous during the auction process. The new platform should, therefore, ensure equal opportunity, eliminating the advantage enjoyed by the fixing banks. Crucially, it will change market domination from the privileged fixing members in favour of the deepest pockets. These are almost certain to be China’s through the state-owned banks which already control the largest physical market in Asia, the Shanghai Gold Exchange (SGE).




Alasdair Macleod on China's motive for owning Gold: China’s motives for taking control of the gold bullion market have almost certainly evolved. The regulations of 1983 make sense as part of a forward-looking plan to ensure that some of the benefits of industrialisation would be accumulated as a counterparty risk free national asset. This reasoning is similar to that of the Arab nations capitalising on the oil-price bonanza only ten years earlier, which led them to accumulate their hoard for the benefit of future generations. However, as time passed the world has changed both economically and politically. 2002 was a significant year for China, when geopolitical considerations entered the picture. Not only did the People’s Bank establish the SGE to facilitate deliveries to private investors, but this was the year the Shanghai Cooperation Organisation (SCO) formally adopted its charter. This merger of security and economic interests with Russia has bound Russia and China together with a number of resource-rich Asian states into an economic bloc. When India, Iran, Mongolia, Afghanistan and Pakistan join (as they are committed to do), the SCO will cover more than half the world’s population. And inevitably the SCO’s members are looking for an alternative trade settlement system to using the US dollar. At some stage China with her SCO partner, Russia, will force the price of gold higher as part of their currency strategy. You can argue this from an economic point of view on the basis that possession of properly priced gold will give her a financial dominance over global trade at a time when we are trashing our fiat currencies, or more simply that there’s no point in owning an asset and suppressing its value for ever. From 2002 there evolved a geopolitical argument: both China and Russia having initially wanted to embrace American and Western European capitalism no longer sought to do so, seeing us as soft enemies instead. The Chinese public were then encouraged even by public service advertising to buy gold, helping to denude the west of her remaining bullion stocks and to provide market liquidity in China. What is truly amazing is the western economic and political establishment have dismissed the importance of gold and ignored all the warning signals. They do not seem to realise the power they have given China and Russia to create financial chaos by simply hiking the gold price. If they do, which seems to be only a matter of time, then London’s fractional reserve system of unallocated gold accounts would simply collapse, leaving Shanghai as the only major physical market. Therefore the failure of the London bullion market to see strategically beyond its short-term interests has opened the door to China’s powerful state-owned banking monopoly to control the gold bullion market. This is probably the final link in China’s long-standing gold strategy, and through it a planned domination of the global economy in partnership with Russia and the other SCO nations.




DS: Alasdair said it is amazing the western political establishment has dismissed the importance of gold and ignored all the economic warning signals. Certainly, it is amazing to watch civilization commit suicide, but the leaders of the world certainly recognize what they are doing. They are purposely pulling the plug on global civilization to reduce world population and the nations such that the elites can take over the world.






Harvey on Andrew Maguire: Andrew Maguire..“HSBC Just Shocked Clients By Announcing Closure Of All London Gold Vaults! The other big news this week was HSBC giving only 2 months’ notice to clients that they are closing down all 7 of their London gold vaults! This is an unprecedented move. Why do you think this is? It is because transparency is coming. There is no profit in plain, vanilla bullion banking any longer.” Since HSBC is custodian for the gold purportedly held by the major gold exchange-traded fund GLD, trends forecaster Gerald Celente wonders what’s going to happen to the metal.








Chris Powell (GATA): London metals trader Andrew Maguire says that the usual pounding on gold following the U.S. jobs report looks like an official intervention and that a new gold exchange cutting bullion banks out of transactions will change the gold market soon.




Zero Hedge: Earlier this week we noted that economist (and former BOJ member) Yuri Okina has become concerned about the destabilization of the government bond market occasioned by Japan’s move to monetize all of JGB gross issuance. At issue is a lack of liquidity which in turn inhibits price discovery and promotes volatility. We also noted that while this exact same dynamic is unfolding in the US (as shadow banking liquidity dries up), Japan is probably the most vulnerable to violent swings in government bond yields: What’s especially perturbing about this scenario, is that sapping liquidity from the market has the potential to create enormous volatility (as we saw on October 15 of last year when Treasurys staged a six standard deviation move in the space of a few hours), something the pot committed BOJ simply cannot afford lest the house of cards should come cascading down. In other words, if yields on JGBs become increasingly unwieldy because either traders lose confidence in the central bank’s ability to manage the ponzi or a lack of liquidity triggers excessive volatility (or both), it’s game over or, as BlackRock put it: “…the nightmare scenario would be a spike in JGB rates leading to a fiscal crisis. We saw evidence of this just one day later when the monthly auction for JGB 10s was weak causing yields to jump. That same day, Abe adviser Etsuro Honda expressed further doubts about the utility of additional easing, saying (basically) that the BOJ should just quit while it’s ahead (or while it’s not as far behind as it would be if continues to double and triple down on the ponzi scheme). Today, courtesy of Takahide Kiuchi (who voted against the latest round of QE), we get perhaps the strongest rebuke of Kuroda-style easing yet, as the BOJ board member warns of “dire consequences” if the central bank continues to blatantly disregard the “side effects” of its policies. What side effects you ask? Why, the very same illiquidity and volatility that we’ve been pounding the table on for years. We have long known that the BOJ has all but lost control in the market. Now, it would certainly appear that it is losing control of the narrative which, when one is playing a confidence game, is the worst thing that can happen.




Harvey: In Greece’s treasury bill auction, you will note that we had no foreign buyers as absolutely nobody wanted the risk. Actually the Greek parliamentarians borrowed from their social security trusts and with that capital, they bid at the auction in order to make it look successful. The problem here is that this is repo money and it must be returned in 15 days. If Greece cannot find any other monies from which to borrow, it will be game over for them. What is also interesting is that because there is no foreign buyers, the funds raised much be used to pay the sellers of bonds tendered. Where is this money going to come from? I think that the Greek’s goose is cooked. Where it will get the required funding if the Eurogroup continues to humiliate the now groveling government, is unclear. What is clear is that the tragicomedy is set to repeat again next week when Greece will again auction €1 billion of three-month treasury bills on March 11 to refinance a maturing issue, debt agency PDMA said on Friday, announcing its second sale this month as the government faces a cash crunch, Kathimerini reported. Issuing T-bills is the only source of commercial borrowing for the left-right coalition government of Prime Minister Alexis Tsipras. The country’s EU/IMF creditors have set a 15 billion-euro cap on such issues which has already been reached.




Zero Hedge: And here comes the Greek tax collecting police state, in which “large numbers of non-professional inspectors are hired to pose on behalf of the tax authorities, while ‘wired’ for sound and video… We envisage that the recruits will come from all walks of life (e.g. students, housekeepers, even tourist in popular areas ripse with tax evasion) who will be paid hourly and who will be hard to detect by offending tax dodgers.” And yes, while one can joke all day about wired tourists collecting hourly pay from the Greek government while moonlighting on behalf of the Greek tax collector agency (a process that will actually end up costing far more than collecting especially since the collectors have no incentive to actually catch anyone but to merely be paid as long as possible on an “hourly” basis), the real issue here is that Greece is effectively hoping to become a tax-collecting Police state: in which “the news that thousands of casual “onlookers” are everywhere, bearing audio and video recording equipment on behalf of the tax authorities, has the capacity to shift attitudes very quickly, spreading a sense of justice across society and engendering a new tax compliance culture -especially if combined with the appropriate communication of the simple message that the time has come for everyone to share the burden of public services and goods.” Actually, the only attitude it will shift is one toward civil war, as millions of Greeks, long used to generations of free-riding, are suddenly forced by the Greek Tax-collector police state to change their behavior, to which they will respond appropriately.




Dr. Paul Craig Roberts: According to the payroll jobs report today (March 6) the economy created 295,000 new jobs in February, dropping the rate of unemployment to 5.5%. However, the BLS also reported that the labor force participation rate fell and the number of people not in the labor force rose by 354,000. In other words, the unemployment rate dropped because the labor force shrunk. If the economy was in recovery, the labor force would be growing and the labor force participation rate would be rising. The 295,000 claimed new jobs are highly suspect. For example, the report claims 32,000 new retail jobs, but the Census Bureau reports that retail sales declined in December and January. Why would retailers experiencing declining sales hire more employees? Construction spending declined 1.1% in January, but the payroll jobs report says 29,000 construction jobs were added in February. Zero Hedge reports that the decline in the oil price has resulted in almost 40,000 laid off workers during January and February, but the payroll jobs report only finds 2,900 lost jobs in oil for the two months. https://www.zerohedge.com/news/2015-03-06/did-bls-once-again-forget-coun.... There is no sign in the payroll jobs report of the large lay-offs by IBM and Hewlett Packard. These and other inconsistencies do not inspire confidence.










This Will Not End Well (In The Short Term)










Stefan Stanford (All News Pipeline): With Christians now being slaughtered around the world and our own govts bloody hands all over the slaughter, Alex Jones tells us that anyone who thinks we are 'safe' here knows not of what they speak. With Lord Rothschild himself warning that we are now entering the most dangerous geo-political time since World War 2 and with Barack Obama having proven that America is now ready for dictatorship by our widespread and wholesale mass acceptance of him doing whatever he wants to do without political repercussions, Jones warns we're now living under unprecedented evil as the megarich prepare to bug out to their underground bunkers preparing to ride out 'the end' while Americans sleepwalk, most still completely unaware of the 'end times' events about to unfold. Worth nearly $500 trillion, the Rothschild family has financed both sides of every war since the days of Napoleon while owning our news media, our oil and our government. With most Americans completely unaware of who the Rothschild's even are, Lord Rothschild's recent warning is mostly falling upon deaf ears, except those whose ears it was meant for, the ultrarich, as well as those who have been paying attention to the unfolding signs all around us. While laying much of the blame of what is happening now in the world upon Russia, Rothschild doesn't mince his words: “In addition to this difficult economic background, we are confronted by a geopolitical situation perhaps as dangerous as any we have faced since World War II: chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union,” the 78-year old businessman said.










Stefan Stanford (ANP): Despite being the most remote location upon the planet Earth, completely uninhabited according to the CIA's World Factbook, the subantarctic volcanic island called 'Bouvet Island' is home to the top-level internet country domain code .bv and is located in the direct vicinity of several recent unsolved mysteries as outlined in the story and 1st 3 videos below. The facts we've uncovered lead us to believe a secret island headquarters of the New World Order has been discovered in one of the most remote regions on the planet that is also the home to an ongoing series of internet cyber warfare attacks being launched across the world as well as a HAARP control point for the NWO's nefarious electronic warfare. Far away from humanity in the south Atlantic Ocean between South America, South Africa and Antarctica, you could draw a circle with a 1000 mile radius around Bouvet Island that would contain no other land whatsoever. Ruled by Norway since 1930, it has been statused as a nature preserve, an area with no human inhabitants, yet the top-level internet domain code remains a mystery. Coincidentally, or not, Bouvet Island is also in the same general location as a mysterious Mil/Gov 'country code' given out by Norse IP Viking live attacks website which track live internet attacks as they happen across the world. Norse has even given this Mil/Gov 'country' a special symbol, a hexagon, and in watching internet 'attacks' unfold, we've found this location to be one of the most active attackers, often far more active than Russia and China combined. Back in 2012, YouTube videographer revmichellehopkins discovered a mysterious HAARP signal that was emenating from the same general south Atlantic location. Strangely enough, researchers who visited the remote Bouvet Island recently captured on video a HAARP flash/explosion in the distance. The area surrounding Bouvet Island was also a home to a 1979 still unsolved mystery that has since been heavily censored called the Vela Incident in what was believed to be a nuclear explosion that heavily panicked the Jimmy Carter administration and was picked up by the US's Vela 6911 satellite. Bouvet Island has been called a perfect 'evil genius lair' with a nearly impenetrable rocky coastline with cliffs shooting up into the sky, over a thousand miles away from civilization and hidden away from many Google Earth photographs, is this also the perfect location for a secret NWO headquarters considering everything else we've learned?










The Daily Caller: Nation of Islam leader Louis Farrakhan made a fiery speech Sunday in which he warned whites that a “day of judgment” is coming to avenge their “evil” and that African Americans serving in the armed forces should immediately withdraw and fight for their communities instead. In an address given at the Nation of Islam’s headquarters in Chicago, Farrakhan claimed whites have oppressed blacks for hundreds of years and a reckoning is due for the “iniquities of their fathers,” the NOI publication Final Call reports.He particularly singled out the recent, high-profile police shootings of Michael Brown and Tamir Rice as a sign of continuing white oppression of blacks. These shootings served as the justification for Farrakhan’s demand that black soldiers desert the military.“If the government cannot protect our lives… Why are you in the armed forces fighting for a democracy that you don’t have at home?” he exhorted. “Why are you in the armed forces of America going overseas to fight someone that never did a thing to you then act pitifully when your own people are shot down in front of you?...I’m calling on all of the soldiers that fight for America, come home and let’s unite and fight for our lives since the federal government refuses to fight for us. We must fight for ourselves!” Farrakhan exclaimed. The NOI leader believes that whites are frightened by “terrorists” because they know God uses terror to punish the wicked. “We live in a time of terror. Everybody White people don’t like is a terrorist. Is everyone a terrorist? Why are you so terrified?” Farrakhan declared. “What terrorizes [Whites] is the presence of God and a messenger from God that signals the end of their civilization.” The minister said that this is a sign that we are living in the end of days — and a “day of judgment” is just around the corner. “The grace that came yesterday is not here today because in the Day of Judgment, you should expect what you put out, and the only thing between us and the consequences of our actions is the grace and power of God to delay the punishment or avert the punishment,” he told his enthusiastic audience. In November, Farrakhan threatened that blacks would “tear this goddamn country up” in retaliation for the “injustice” in Ferguson.










Tom Horn and Cris Putnam (SkyWatchTV): Most people are probably unaware that in addition to the Secrets of Fátima, a second, most renowned Marian apparition from La Salette, France, which was approved by Popes Pius IX and Leo XIII, revealed analogous information about a crisis of faith that would transpire within Roman Catholicism in the last days, during which Rome would become the seat of the Antichrist. Delivered to Mélanie Calvat and Maximin Giraud on September 19, 1846, while they tended cattle in the mountains, the Secret of La Salette reads in part: “The earth will be struck by calamities of all kinds (in addition to plague and famine which will be wide-spread). There will be a series of wars until the last war, which will then be fought by the ten Kings of the Antichrist, all of whom will have one and the same plan and will be the only rulers of the world. Before this comes to pass, there will be a kind of false peace in the world. People will think of nothing but amusement. The wicked will give themselves over to all kinds of sin…this will be the hour of darkness. The Church will suffer a terrible crisis… Rome will lose the Faith and become the seat of the Antichrist… The Church will be in eclipse, the world will be in dismay.” In The Plot Against The Pope; Coup dé’tat in the Conclave–1958, Gary Giuffré discusses how French Masonic influences who had infiltrated the Catholic clergy in the 1800s were working overtime to suppress and discredit the Secret of La Salette, even though its message had been officially favored by two popes. This was because at that time, prophetic references to Rome “becoming the seat of Antichrist” was forming a common eschatology among Catholic scholars like Cardinal Henry Manning, Bishop Salvator Grafen Zola, and Frederick William Helle, who saw in these predictions the work of Masonically infested clergy who plotted the overthrow of the papacy and the use of the Church as a political vehicle for an occult World Order. “These kinds of details, found in the genuine, modern-day, Marian prophecies, would always generate the greatest opposition from the Church’s enemies who had infiltrated her structures,” wrote Giuffré. “For they threatened to expose the satanic plot and long-time goal of the Masonic Lodge’s agents in the Vatican, to usurp and control the papal chair.”








Hawk (Survive2Thrive): Hawk says the elites plan to turn on the CERN Supercollider on Friday the 13th. Hawk says its main purpose appears to be to open a portal through which to release into our world entities that have been shut up since after the Flood. The last time the supercollider was operational it was accompanied by an increase in vulcanism and earthquakes and they have since doubled the system's power. Meanwhile the fulfillment of Albert Pike's vision of three world wars rushes to fulfillment. Russian electronic warfare planes have at times shut down the radars at LAX, Heathrow and Gatwick, and the Chinese launched an SLBM 45 miles off the coast of California near LA. They are flexing their muscle. There are Russian subs in the Gulf of Mexico and it took the Navy a month to find out they were even there. Back in the 90s there was an underwater battle near Cumbre Vieja on the volcanic ocean island of La Palma in the Canary Islands to prevent the Russians from planting nukes on the fragile section to cause a megatsunami on the East Coast of the US. That Cumbre Vieja landslide when triggered will cause a 300 foot wall of water on the East Coast of the US and the eastern seaboard and Florida will be gone.






James Lewis (American Thinker): Last week we reported a potential Iranian armored blitzkrieg through Syria to the Golan Heights, on the northern border of Israel. Today’s news may confirm that report. Israeli General Israel Ziv (res.) reported in Jerusalem that Iranian general officers have taken command of the Syrian front within six miles of the north-east border of Israel, along with 10,000 “volunteers” from Iran, Iraq and Afganistan. From the Israel newspaper Yedioth Achronoth, as translated by the Washington Free Beacon: “Iran is taking over the reins in Syria,” said Ziv … “In fact, no military decision [in Syria] is made without [the Iranianian Revolutionary Guard].” He described (Syrian President) Assad as “a puppet looking out at his lost land.” This dangerous development may lead to a fast-spreading regional war in the Middle East. An Iranian blitzkrieg against the Golan Heights would trigger Israeli defenses in depth in Syria. Iran could potentially bring more than 100,000 Basiji into the battle [DS: The Basiji threat was also recently reported by Veterans Today], as well as IRGC (Iranian Revolutionary Guard) troops. If Israel is directly threatened, it may well resort to unconventional weapons [ DS: Isaiah 17:1 says Damascus shall be taken away from being a city, and it shall be a ruinous heap--Sounds like a nuke will take it out and make the oldest continuously inhabited city in the world to be uninhabitable], and even launch a counter-attack against Iran itself. In previous wars Israel has counter-attacked into Syria and Egypt. This news comes amid signs of further American concessions in nuclear negotiations with Iran. However, Iran’s aggression in Syria may torpedo the nuclear talks. Nobody could possibly believe in Iranian good faith in the face of an attack against Israel, more than 1,000 miles from the Iranian border. Read more: https://www.americanthinker.com/blog/2015/03/iran_general_and_10000_troo... DS: I have been saying for years that the Iranians were going to invade Israel because it is prophesied in numerous places in the Bible (Isaiah 10:24-34, Psalms 83:2-8, Isaiah 17, Jeremiah 30). Four years ago the mods threatened to kick me off Kitco for publishing this information in the Kitco basement, the most obscure, non-public part of Kitco, so I obviously touched a raw nerve with this info. It has proven very accurate. An Iranian defector said Iran had the bomb from Pakistan by the 1980s, but they have a schedule to keep. News reports recently disclosed that O threatened to shoot down Israeli aircraft if Netanyahu attempted to attack Iran, so our government is supporting the rise of Iran. The Russians previously released intel they obtained where Israel intended to destroy the Iran air force on the ground where Iran foolishly was planning to gather all of its aircraft to show its power to the world, so the Russians are supporting Iran against Israel too. The intel caused Iran to not send all of its air force to the show. Hawk says the Iranians have had dozens of nuclear weapons they bought on the black market since the Soviet Union crashed in the 1990s. They are also getting supplied with fissile material from North Korea and they have Sunburn missiles against which the Navy has no defense. Our ships in for refitting are not being permitted the upgrades to defend against the latest generation of Russian electronic weaponry.






Selwyn Duke (New American): The government official, cloaked in a disguise, carried a concealed camera. He apparently wanted to know if the group he was investigating was engaging in worship — and he wanted evidence. Pastors in Lake Worth, Florida, say they’re being persecuted by their city, in what has been called a “Soviet-style crackdown.” And it all began, alleges one church leader, when he had an encounter with an openly homosexual city commissioner who would later tell people the pastor was “anti-gay.” Writes WND.com: Churches in Lake Worth, Florida, are being told they need to acquire permits in order to stay in business…. Several churches in the South Florida region have reported to Fox News that they’ve been ordered to obtain business permits, or face fines and closures. But one in particular has come under an egregious city attack. Fox News reported city officials sent out a code enforcement officer, decked in a hoodie, to spy on one Southern Baptist church that had gathered in a coffee house. “Government employees are public servants and prohibited by the Constitution from inhibiting religious freedom,” said Mat Staver, the founder of Liberty Counsel, a religious liberty law firm, in an interview with Fox News. “That is a far cry from sneaking around and into a church and acting like KGB agents.”… The [Southern Baptist church] pastor, Mike Olive, said they met without trouble from the city until last month, when one commissioner, Andy Amoroso, reportedly began telling people in the community that the church was anti-gay, Fox News reported.




2 Timothy 3:12 Yea, and all that will live godly in Christ Jesus shall suffer persecution.
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.


Isaiah 5:20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!
21 Woe unto them that are wise in their own eyes, and prudent in their own sight!


James 5:1 ¶Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
6 Ye have condemned and killed the just; and he doth not resist you.
7 Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain.
8 Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.














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










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










Quote:



Gold: $1164.10 down $31.80 (Comex closing time)
Silver: $15.78 down 35 cents (Comex closing time)


In the access market 5:15 pm


Gold $1167.20
silver $15.90











Thursday, Mar 5th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI rose by 381 contracts from 163,517 up to 163,898 with silver flat with respect to Thursday’s trading. We are now in the active contract month of March and here the OI fell by 41 contracts down to 956. We had 33 contracts served yesterday. Thus we lost 8 contracts or 40,000 oz will not stand.





In Gold:




Quote:

The total gold Comex open interest rose by 3585 contracts today from 403,134 up to 406,719 even though gold was down by $4.70 yesterday (at the Comex close). We are now in the contract month of March which saw it’s OI remain constant at 153. We had 0 notices filed on yesterday so we neither gained nor lost any gold contracts standing for delivery in this delivery month of March. The next big active delivery month is April and here the OI fell by 1736 contracts down to 251,003.





Volume




In Silver:




Quote:

The estimated volume today was poor at 24,931 contracts (just Comex sales during regular business hours. The confirmed volume yesterday (regular plus access market) came in at 24,501 contracts which is also quite poor in volume. We had 8 notices filed for 40,000 oz today.





In Gold:




Quote:

The estimated volume today (which is just Comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 106,952. The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was poor at 159,126 contracts even with mucho help from the HFT boys. Today we had 4 notices filed for 400 oz.





Inventory Numbers




In Silver Inventory:




Quote:

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


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


We had 1 customer deposit:
i) Into Scotia: 482,282.100 oz
Total customer deposit: 482,282.100 oz






We had 0 adjustments.


Total dealer inventory: 68.855 million oz.
Total of all silver inventory (dealer and customer) 178.586 million oz.





In Gold Inventory:




Quote:

Today, we had 2 dealer transactions:
i) Out of Brinks: 47,744.11 oz
Total Dealer withdrawals: 47,744.11 oz


We had 1 dealer deposit:
i) Into Brinks 2000.12 oz
Total dealer deposit: 2000.12 oz


We had 2 customer withdrawals
i) Out of HSBC: 602.797 oz
ii) Out of Brinks: 1,543.22 oz
Total customer withdrawal: 2,146.017 oz




We had 2 customer deposits:
i) Into JPMorgan: 168,887.623 oz
ii) Into Manfra: 964.500 oz (30 kilobars)
Total customer deposits; 169,852.123 oz


We had 1 adjustment:
i) Out of Brinks:


385.80 oz was adjusted out of the customer account at Brinks and this landed in the dealer account of Brinks





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 8 contracts for 40,000 oz.





In Gold:




Quote:

Today, 0 notices was issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 4 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 March, we take the total number of notices filed for the month so far at (1673) x 5,000 oz = 8,365,000 oz to which we add the difference between the open interest for the front month of March (956) and the number of notices served upon today (8) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1673 (notices served so far) + { OI for front month of March(956) -number of notices served upon today (8} x 5000 oz = 13,105,000 oz standing for the March contract month.


We lost 8 contracts or 40,000 oz will not stand for delivery in March.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (153) and the number of notices served upon today (4) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:


No of notices served so far (5) x 100 oz or ounces + {OI for the front month (153) – the number of notices served upon today (4) x 100 oz} = 15,400 oz or.4790 tonnes


We neither lost nor gained any gold ounces standing in this March contract month.


Total dealer inventory: 654,644.474 oz or 20.362 tonnes
Total gold inventory (dealer and customer) = 8.386 million oz. (260.85) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 561.00, up 0.36%. WTI April crude was 49.78 down 1.22. Brent crude was 59.79 down 0.69. The spread between Brent and WTI was 10.01 up 0.53. The 30 year US Treasury bond was up 0.1200 at 2.8400. The 10 year T-Note was up 0.1300 at 2.2400. The dollar was up 1.34 at 97.72. The PPT/Dow was 17856.78 down 278.94. Silver closed at 15.93 down 0.27. The GSR was 73.3647 down 0.5859 oz of silver per oz of gold. CIA's Facebook was 80.00 down 1.21 (1.49%). May wheat was up 2.00 at 482.500. May corn was down 4.50 at 386.00. April lean hogs were down 0.700 at 66.125. April feeder cattle were up 3.200 at 208.575. May copper was down 0.044 at 2.609. April natural gas was down 0.002 at 2.839. May coal was down 0.30 at 52.40.




Thank you for reading the Harvey Report!










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




Goooood day!




**************
Sat, Mar 7, 2015 - 9:45pm
Spartacus Rex
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@ Day Star THANKS & May The Good LORD Bless You & Yours!

For all which you have freely given, I humbly thank you and will always and faithfully keep you in my prayers.

Cheers, Blessings & Semper Fi where ever you go,

S. Rex

Sat, Mar 7, 2015 - 9:52pm
DayStar
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I just saw on

I just saw on Prophezine where Ray Gano and his family are moving to Panama. There was another article where the elites en masse are heading for underground bunkers and getaways. The Lord has indicated to me I am going to have trouble getting out. Anyone that feels disposed to pray for me would be appreciated.

DayStar

Sat, Mar 7, 2015 - 10:05pm
Spartacus Rex
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@ DayStar...

Always!

( ie Semper Fi!)

Cheers, S. Rex

Sat, Mar 7, 2015 - 10:14pm
DayStar
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RE: Spartacus Rex

Many thanks, SR. I am fixing to walk away from everything, including my family and go teach the Bible halfway around the world. God says I will not be able to come back, but He also says that there will be a great revival in the PI, and I really hope to be part of that.

SR, time marches on, and I will not hold you to always keeping me in your prayers, but I truly am grateful for the petitions you bring to Him on my behalf. The fit is about to hit the Shan, and I am sure the time for prayers will find more immediate needs than ole DayStar, but I am genuinely thankful for your kindness. When the sea and the waves start roaring and men's hearts fail them with fear for what is coming on the earth, I will be joining you in petition to the Almighty for deliverance from what He is bringing upon the earth. One thing that encouraged me recently was in the vision of the killing of the bull https://killingofthebull.blogspot.com/ The text in all caps is a vision from Bob Neuman and the text following the all caps text is an explanation of the vision by Bill Weather.

"THAT IS WHY I SENT YOU TO GOSHEN FOR I HAVE A REMNANT EVEN IN EGYPT. IN THE HEART OF BABYLON I CALLED TO THEM AND THOSE WHO KNOW MY VOICE HEARD AND CAME OUT. BUT IN EGYPT THEY ARE IN BONDAGE AND I SEND MY SERVANTS TO THEM TILL THE INDIGNATION IS PASSED AND THE PLAGUES HAVE FALLEN UPON THOSE WHO HAVE HARDENED THEIR HEARTS."

When the Lord says to come out, it is a literal coming out. If we are to escape WW3 and the terrible trials, tribulation and persecutions coming, we must leave her. A less desirable option is to move to the rural parts of the US, away from the invasion and take over areas. Ultimately, you should fast and pray over this decision.

''IT'S GOING TO BE ALL RIGHT,'' He laughed as he gripped my shoulder. "YOU KNOW WHAT WILL NEED TO BE DONE AND YOU WILL DO IT. THERE ARE MANY WHO WILL FIND SAFETY IN THE MIDST OF THE STORM AND THE DARKEST OF THE NIGHT. GUARD MY SHEEP OLD DOG A LITTLE WHILE LONGER." And it ended.

This is good news however. The Lord says many will find safety in the midst of the storm. The ultimate safety is in the Lord Jesus, since in his name alone, there is eternal life. Consider death a transfer to glory if you are living a clean life in Christ. Those in the cites will greatly suffer, but those in rural parts, I have a feeling there are going to be some trying, but rich times in the Spirit. The Lord will all the more comfort his bride with the thickness of his awesome presence. We will see miracles in the midst of the chaos to come. Where the enemy comes in like a flood, the Lord will open up the ground and swallow it whole! If not, then consider that the martyrs crown is something to be greatly desired, for the angels will honor such who wear that crown! These destructions to come are merely a sign to us that our everlasting redemption draws nigh. Rejoice and look up!

DS: I am encouraged by Jesus' remark, "It's going to be all right." I needed to hear that.

Cheers and Semper Fi,

DayStar

Sat, Mar 7, 2015 - 10:40pm
Spartacus Rex
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@ DayStar, The Way The LIGHT Actually Works...

Learn this Brother, Daystar.

It is not the prayers that one makes on their own behalf that our LORD hears first,

rather it is indeed those made specifically for others who are serving HIM, which causes the SPIRIT to move and make Miracles happen.

Why?

Simply because there is absolutely no personal reward for such "lobbying".

It is so easy for Brass to do the "Right thing" when so many are watching, and willing to offer their accolades, applause and pats on the back.

Yet, substantially fewer are the Silver (ie number willing to do such, when the only ONE to witness is the LORD)

Infinitely fewer are the Gold (ie number willing to do the right thing in spite of certain contempt, sacrifice, scorn and suffering)

Be Gold, Daystar!

Take it on Faith, that the LORD saw fit to have others who have indeed suffered, take notice of your selfless efforts and faithfully pray on your behalf for those efforts made which glorify HIM alone.

THAT is how the Light of the Holy Spirit actually works.

Cheers, S. Rex

Sun, Mar 8, 2015 - 6:00am DayStar
flyinkel
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Joined: May 2, 2013
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Daystar

You will not have any trouble getting out. Once there, manage you visa well, pay particular attention to expiry. Say goodbye as if you will never see family again, but know that you will. It will help you to have a more free heart. No matter what you will have days that you say "what have I done?" Remember to answer yourself "Follow my heart". Good luck, be sure to let us know how it all turns out.

This is all quite clear.

flyinkel
Sun, Mar 8, 2015 - 9:57pm
DayStar
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RE: Getting Out

Flyinkle, I have no idea what it is that might hinder my departure. It might be as simple as me getting sick or airline woes. It might be as sinister as a bank holiday or volcanic eruption. Therefore, I cannot be blasé about it, because, if for no other reason, TPTB are booting up the CERN supercollider on Friday the 13th. The last time they ran that thing, volcanism and earthquakes increased around the world, and they have now doubled the power.

My visa is a multiple entry visa that is good for a year, but if the fit hits the Shan, my visa will expire before I am able to go home. Maybe I can get refugee status .

DayStar

Mon, Mar 9, 2015 - 7:53pm DayStar
flyinkel
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Cedar Rapids, IA
Joined: May 2, 2013
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Daystar

I am not expecting you to be blase, I am saying it is matters of the heart that make it hard to leave not govt/natural catastrophe. You will only add to your own stress if the expectation is one of difficulty. Set your expectation clearly to one of ease and be sure to let us know how it all flows for you.

flyinkel
Tue, Mar 10, 2015 - 12:16am
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~~Harvey 9 Mar 2015

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










News and Commentary






Mark O'Byrne (GoldCore): Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?” It refers to the deliberate and stated policy of “de-dollarisation” around the world, the decline in the use of the dollar in international trade and as a reserve currency and the emergence of the new BRICS bank. Jim Rickards says that the status of the dollar as a reserve currency is still solid despite its decline over the past decade and despite the rise of other currencies in international transactions. “The dollar is declining as a trade currency, but it remains strong as a reserve currency. Right now, it’s around 61 percent of global reserves, versus 70 percent over a decade ago” he said. Meanwhile, figures from the BIS and SWIFT show that the yuan is now among the top ten traded currencies in the world. While this is significant it should be seen in the context that the dollar still being used in 80% of global trade. Chinese ambitions in this area are clear, however. China is negotiating currency settlement deals in local yuan with many of its trading partners. Zero Hedge ran an article last week on a billboard advertisement in Bangkok from the Bank of China declaring the RMB to be “the world currency”. Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.” This is interesting as the IMF has historically been one of the main agents of dollar hegemony. We believe it demonstrates the level of risk now extant in the system that the IMF should be promoting a move away from the dollar, possibly towards Special Drawing Rights (SDRs). China and Russia have negotiated currency arrangements excluding the dollar in recent years. Kazakhstan has also explicitly announced a process of de-dollarization, in an attempt to bolster the local currency, the tenge. Russia is in negotiations with India and Egypt to settle their trade in local currencies. The BRICS development bank is now operational which will see countries who avail of it repaying loans probably in yuan, given that China provides over 40% of the funding. It will act as a rival to the IMF which may explain why the IMF is taking a more inclusive approach to currency reserves. Currency wars are set to intensify and competitive currency devaluations accelerate. When that happens, gold will again become an important monetary and geo-political asset for central banks and a vital safe haven asset for investors and savers.










Koos Jansen (BullionStar): There is a story being told to the masses about Chinese gold demand that is grossly incorrect. The huge discrepancy between numbers from the World Gold Council (WGC) and actual gold demand is so wide yet so cunningly hidden I must conclude there is essential information about physical gold demand they deliberately have kept hidden. Withdrawals from the vaults of the Shanghai Gold Exchange (SGE), that equal Chinese wholesale demand, closed at 2,197 metric tonnes December 31, 2013, up 93 % y/y, but the WGC only reported 1,066, an astonishing 1,131 tonnes less than wholesale demand. In 2014 the WGC again grossly understated Chinese gold demand. SGE withdrawals accounted for 2,102 tonnes, though the WGC stated Chinese consumer demand was only 814 tonnes. Again, there was a gap of more than 1,100 tonnes. I’m open minded towards the possibility there is an agenda that is allowing China to buy as much gold for as little fiat as possible to make them accumulate whatever necessary before a monetary reset. I see no other explanation for the events unfolding in front of our eyes.














Harvey: Following is a brief outline on gold and silver Comex figures for today: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 17 notices for 85,000 oz. Several months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 257.03 tonnes for a loss of 46 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by an astonish 2,337 contracts even though Friday’s silver price was down 35 cents. The total silver OI continues to remain relatively high with today’s reading at 166,235 contracts. The front month of March contracted by 5 contracts. We had 17 notices served upon for 85,000 oz. In gold we had a huge rise in OI despite the fact that gold was down by $31.80 on Friday. The total Comex gold OI rests tonight at 415,370 for a gain of 8,651 contracts. Today, surprisingly we again had only 0 notices served upon for nil oz. Today, we had a huge withdrawal of 3.48 tonnes of gold at the GLD where the inventory now rests at 753.04 tonnes. SLV saw no change in inventory and remains at 327.332 million oz.





To some, gold is merely a tradition; to others, such as the first secretary of the North Korean embassy in the capital of Bangladesh, it is one of the easiest ways to smuggle $1.7 million. Or at least should have been on paper. Instead, what happened on Thursday night when Son Young-nam landed in Dhaka on a flight from Singapore, carrying a ridiculous amount of physical gold and hoping to get through customs without a glitch due his diplomatic status, things went downhill fast. According to the BBC reports, Young-nam’s baggage was searched and almost 27 kilos, or 59 pounds, of gold bars and ornaments were recovered. Initially the diplomat refused to allow customs officers and police to examine his luggage. “He insisted that his bags cannot be scanned because he’s carrying a red passport and he enjoys diplomatic immunity,” Moinul Khan, head of Bangladesh’s customs intelligence department told AFP. Then “after more than four hours of drama, he gave inand we found gold bars and gold ornaments weighing 26.795kg (59lb), which is worth 130 million taka.” Or about $1.7 million dollars. The customs head said the diplomat was told that more than 2kg of gold could not be brought into the country. Which means that now that the gold, nearly $2 million of it, now belongs to the great Bagladeshi void, after it was confiscated and the diplomat was released under the Vienna Convention. Bangladeshi authorities have said they plan to prosecute Mr Son. Sales of gold have long been an important source of funds for the North Korean regime, which has been largely cut off from the global financial system by sanctions imposed to curb its nuclear-weapons program.




GoldCore on Gold Smuggling: Gold smuggling through the Dhaka, Bangladesh airport has risen sharply in recent months, with large quantities seized. In February, officials discovered 61 kilograms of gold in the toilet of a Bangladeshi aircraft. But nowhere is the gold smuggling problem worse than in India, where the local government has made importing of gold virtually impossible over the past 2 years, forcing the locals to an unprecedented array of gold smuggling techniques, forcing the government to think outside of the box how to catch said smugglers. Recall: In a sign of the times, whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers.










Lars Schall (The Matterhorn Interview): Lars Schall talks to Grant Williams about the Achilles’ heel of Comex, that could in theory be exploited by Russia to create some financial havoc in the U.S. They also discuss the strength of the US dollar and whether there is a correlation between a strong US dollar and a weak oil price.




Chris Powell (GATA): Ed Steer, editor of Casey Research’s Gold and Silver Daily letter, today publishes a detailed report on the suppression of gold prices in the London market for most years from 1970 through last year even as world gold prices were rising generally. After presenting a chart of the price suppression, Steer writes: “The overt market price suppression of the 1960s during the days of the London Gold Pool turned into the covert price-suppression scheme you see here. For those looking for the proverbial smoking gun of the gold price management scheme, it’s staring them in the face in this one chart. “And without doubt, it was — and still is — being carried out by the covert and collusive actions of organizations such as the Bank for International Settlements, the Federal Reserve, the Exchange Stabilization Fund, and the U.S. Treasury Department. I’m sure it would be safe to include, at times, the central banks of England, France, Germany, and perhaps Switzerland. In recent years it may also have come to include the People’s Bank of China.”








Chris Powell (GATA): Markets don’t make sense anymore, from counter-intuitive price movements to phony economic data, Sprott Asset Management’s John Embry said today. Embry says he’s sticking with gold and silver.






Chris Powell (GATA): In an interview with Dan Ameduri of Future Money Trends, Sprott Asset Management founder Eric Sprott says banking system risk and currency volatility risk argue strongly for owning hard assets like the monetary metals. Gold demand has increased so much, Sprott adds, that only central banks can be filling it. But he acknowledges that big investment houses with access to essentially infinite money can push all futures markets around at will in the short term. GATA’s work is cited.






Bill Holter (Miles Franklin): Mr. Greenspan was unusually blunt in this interview. What he said here is not much different than what he has been saying recently, namely productivity is stagnating or even decreasing. What he did add was his belief that lower Fed interest rates have raised PE ratios which will be reversed when interest rates begin to rise again. He left no one wondering his position after saying “we can’t argue that we are extremely overvalued in the market place”. Is he being “polite” by warning people of what he sees coming? Again, I do not think so, but he does want a clean legacy! Next, we were also starkly warned last week by Lord Rothschild. This warning in my opinion had a different motivation. The Rothschilds are a very private family and we almost never hear anything from them so I was pretty shocked to read this. In my opinion, this was the most elite family being “polite” and offering a warning to anyone willing or smart enough to listen. He spoke of unthinkable economic and financial “things”. He talked about risk, lack of economic growth and horror of horrors, “debasement of currencies”. He said “we are faced with a geopolitical situation as dangerous as any since WW II”! I cannot disagree with much of anything he said. The warning given was unmistakable and could have been written by some blogger such as myself except for the eloquence. The greatest wealth transfer in generations if not of all time is right in front of us and was spelled out for you by none other than a Rothschild. If what he had said was BS, I would have been all over it but this is not the case.









This Will Not End Well (In The Short Term)








Kyle Rogers (ConservativeHeadlines): Abdelhakim Belhadj is an ex-Taliban commander, who trained Arab volunteers to fight Americans, that became a US sponsored Jihadist leader during America’s 2011 war against Libya. Despite his background, John McCain and Lindsey Graham publicly endorsed him. After the fall of Gaddafi, he became the leader of the Tripoli Military Council. With US support he was slated to be the head of the future Libyan military. By 2013, he was leader an coalition of Jihadist fighters in seizing control of urban areas and imposing sharia law. His coalition includes the group that publicly lynched the former US ambassador to Libya in Benghazi. Now, credible sources in the intelligence community say Abdelhakim Belhadj has been formerly made the leader of ISIS in Libya.








SkywatchTV: A petrified fossil found on the Sphinx suggests the Egyptian pyramids and the sphinx were once submerged under sea water, perhaps at the time of the Great Flood. The entire landscape of the Giza Necropolis, including the pyramids and the Sphinx, shows erosion that some say suggests the area was once submerged by sea water. A unique fossil amplifies this theory. Archeologist Sherif El Morsi has worked extensively on the Giza Plateau for over two decades, and in 2013 he partnered with Giza for Humanity founder and fellow researcher Antoine Gigal to publish his controversial discovery of this fossil. Dr. Robert M. Schloch was one of the first scientists to really tackle the subject of the plateau structures being older than previously thought. In the early 1990s, he suggested the Sphinx was thousands of years older than typically believed, going back to 5000–9000 B.C., based on water erosion patterns found both on the statue and the surrounding rock. Morsi has been digging deeper into the mystery ever since. During one of his photo shoots documenting the erosion patterns of many of the megaliths in the area, he made a discovery that further suggests the area was submerged at one time. “During my photo shoot of this ancient seashore line, I nearly tripped off a second level temple block,” said Mr. Morsi in an article published on the Gigal Research website. “To my surprise, the bulge on the top surface of the block that nearly made me trip was a petrified exoskeleton of what seems to be an echinoid (sea urchin), which is a shallow sea marine creature.”




Dave Hodges (The Common Sense Show): The major reason to fight over the control of the North Pole is the same reason as we fought for the high ground in our children’s games, namely, military domination over our opponent. If Russia can complete its task of establishing military dominance over the North Pole, it will be free to attack in any direction against high value targets. These hypothetical military advances coming out of the North Pole will force both NATO and the United States to shift into a defensive posture in order to prepare for a northern invasion coming out of the North Pole. The Russians are in war mode, Arctic war mode. I do not see how any reasonable person could read the following accounts of Russian military buildup in the Arctic and not conclude that the spark for WW III will not begin here. Russia has tested the world’s most powerful vacuum bomb, which unleashes a destructive shockwave with the power of a nuclear blast, the military said on Tuesday, dubbing it the “father of all bombs”. This is the most powerful non-nuclear bomb on the world. In fact, many experts believe that this bomb does pack a nuclear punch. This would be the weapon of choice in the coming Arctic conflict because it would kill soldiers, dismantle military equipment without destroying the surrounding mineral resources, which is the point of the coming conflict.




Dave Hodges on Russia and Alaska: Any Russian military invasion will surely include Alaska. Nowhere have I received more information than I have from Alaska regarding the presence of Russian soldiers, in uniform. , on American soil. Further, the F-22 over-flights between Russia and Alaska have been suspended thus, leaving the coastline more vulnerable. Also, according to naval sources, submarine patrols have been greatly reduced and many locals have been reporting seeing fully surfaced Russian subs off of the coast of Alaska in multiple locations. Obama is not just a traitor for bringing in Russian troops to police Americans, his treason started much earlier. As I have previously reported, but the report went unheeded, Obama has given away seven strategic, oil-rich Alaskan islands to the Russians at a time when we could be going to war with Russia over Syria and Iran. At minimum, the oil, alone, from these Islands should be considered to be a military asset. I remain very concerned that these seven islands in the Arctic Ocean and Bering Sea could also be used as a military staging area from which to invade Alaska and defend its new claims of the mineral rich resources at the North Pole. DS: Hawk has reported Russian troops at Wright Patterson AFB in Dayton, OH who are using the renovated underground facilities formerly used by the Strategic Air Command. Observers in Dayton substantiate his reports. Russians in Dayton making military contractor mercenary wages ($7K+ per month) are reportedly buying substantial amounts of property on the old east side of Dayton. They are buying these 100 year old properties, spending large amounts of money to renovate them, and then building high brick walls by the sidewalk around their houses. No other residential structures in Dayton have fortress walls in the front yard. They are buying houses contiguous to each other and trying to force out non-Russian owner-occupants that have property in the way of making their community completely Russian. There is also a large Russian contingent near Pigeon Forge, TN, and there are large numbers of them in Colorado, not only at Ft Carson near Colorado Springs, but also at Stapleton Field and Lowry in Denver. There is a vision of an angry grizzly pawing at the ground at the Canadian border but being held back by an iron collar and a chain. The grizzly represents the Russian bear that God is for the moment restraining. There currently are also significant numbers of Russian military in Canada. There have been several other visions of Russians occupying America. They will be invaders and brutal occupiers until America repents and God rescues it.








Sarte (BATR.Org): Listing all the transgressions upon lawful restrains, imposed on the country since the 911 Wag the Dog scenarios, would take a book. How long will repeating the same strategy of failure continue to get favorable support? As long as confused conservatives accept that the bogyman is overseas and are not able to focus on the architects of treason at home, the NWO will just waltz its way to the symphony they compose. The absence of the formerly vocal anti-war movement in the way the Viet Nam war galvanized is a great regret. Adopting a non-interventionist doctrine should not be a left-right dichotomy. It needs to become a unified and committed cause that each citizen will actively adopt. The pathetic peer pressure used on a Rand Paul to become an Israel-First supporter needs to be condemned. If it was not for the internationalist and globalist lobby, our troops could and should be stationed on our own borders. Perpetual war to justify a permanent war of terror will destroy all that was once unique about America. The fifth column and systemic treason that passes as “PC” policy, is the enemy. Waking up is not enough. The blowback coming must be against the establishment. In order for the nation to rise from the ashes of destruction, the public needs to defeat the reign of terror conducted in our name. - See more at: https://www.batr.org/terror/031015.html#sthash.AZ0I59pV.dpuf










Susan Duclos (ANP): While China, Iran, Russia, and other countries are building up their military strength, utilizing technology that has turned the US military into sitting ducks, flexing their military and nuclear capability might, the US is dismantling their military piece by piece, military leader by military leader, dollar by dollar, along with our nuclear stockpiles, and pouring more and more resources into the Department of Homeland Security (DHS), stockpiling weapons, ammo, trying to federalize the local law enforcement agencies, and declaring American citizens a "greater threat" than terror groups such as ISIS. Hundreds of military leaders have been removed over the last 6 years, commanding Generals, commanding Admirals, Naval officers, Air Force Majors, Army generals and more... the list is large and can be found over at The Last Great Stand, who has compiled the names in one place. According to the US Department of State in an April 2014 transparency report, "As of September 2013, the U.S. stockpile of nuclear warheads consisted of 4,804 warheads. This number represents an 85 percent reduction in the stockpile from its maximum (31,255) at the end of fiscal year 1967, and a 78 percent reduction from its level (22,217) when the Berlin Wall fell in late 1989." This includes warhead dismantlement, along with non-strategic nuclear weapons, active and inactive warheads. In January 2015 it was reported that "reckless" cuts to military spending leaves America "vulnerable." Within that report by The Observer we see the following statement "Air supremacy in doubt; General unsure US can win a war; 'In a year we will only be able to deploy two carrier groups worldwide, down from three currently, and five just a year ago'." America has been weakened to the point where in a recent "wargames" (military exercises) a French submarine was able to 'sink" an entire US Aircraft Carrier": A series of joint naval drills between the United States and France recently didn't quite turn out the way the US, no doubt, expected. The practice scenario ended with the French nuclear submarine that was acting the part of an enemy ship "sinking" the American aircraft carrier and most of its escort.








Stefan Stanford (ANP): According to Russian defector Viktor Suvorov, World War III will not begin with 'conventional military operations' or even a nuclear strike but rather with a 'series of large and small terrorist operations, the purpose of which is, before actual military operations begin, to weaken the enemies moral, create an atmosphere of suspicion, fear and uncertainty and divert attention of the enemy's army and police forces to a huge number of different targets' we are told. The main method of employing such operations is 'grey terror', terror that can be blamed upon any number of existing terrorist groups, though groups not tied in any way to Russia Suvorov warns. In a recent column from J.R. Nyquist on his blog 'Grand Strategy In The Age Of Mass Destruction', Nyquist warns us in 'On War Preparations and Secret Structures' that Russians are being prepared for nuclear war while most Americans are left clueless that they are even in possible danger. Nyquist concludes: We have so much to learn and so little time. Yes, time is running out. The remission will be over soon. The Russians still adhere to the precepts of Soviet Military Strategy. The hidden communist structures of Eastern Europe are ready for resurgence. Even now, these forces are working with communist structures in North and South America. The power of Russia stands behind them all, helping to move the Great Antithesis toward revolutionary Synthesis. With Americans now being readied to accept a full-fledged 'police state' dictatorship as exemplified by this Activist Post story about the military conducting door to door 'welfare checks' in South Carolina, a warning on the website of Stephen Quayle advises readers to go check out the Global Incident Map website to see what Steve calls 'truly orchestrated'; bomb and explosive incidents and hoaxes being reported across America. ANP visits the global incident map regularly and we can never recall SO MANY separate incidents across not only America but much of the entire Western world as outlined in the 1st video and additional screenshots below. Is this in preparation for the fulfillment of this recent King World News story warning of orchestrated financial destruction and the 'elite' telegraphing this coming destruction? Are we now witnessing 'grey terror' events being played out across America and much of the Western world?








Mike Harris (Veterans Today): The Rothschild Khazarian Mafia (KM) planted 25 nukes in major American cities and other major cities in Europe in order to blackmail them. This is referred to as their Samson Option and was first discovered and disclosed by Seymour Hersh: The international bankers realized they could not maintain their monopoly over money indefinitely. Why would great nations continue to pay billions of dollars in interest on loans that bankers created out of thin air? Therefore the international bankers had to secure control of the politics, media and education of each country. Moreover, they had to engineer world government in case one country tried to repudiate their "debt". Communism with its bogus promise of universal brotherhood, was the ideological cover for this "new world Order". Feminism, diversity, multi-culturalism and globalism are the latest disguises for this fascist agenda. It has been reported by insiders that a very solemn message was communicated to Bibi Netanyahu and his Likudists, as well as all top members of Israeli espionage fronts in America, like AIPAC, JINSA, the Defense Policy Board, the ADL and the like. What was this serious warning? If insider reports are accurate, these folks were told that if there is one more Israeli based false-flag attack, those who ordered it or were involved will be hunted down under American National Security and eliminated, and the Israeli defense structures associated with such will be turned to dust. https://www.veteranstoday.com/2015/03/08/the-hidden-history-of-the-incredibly-evil-khazarian-mafia/

Ezekiel 18:20 The soul that sinneth, it shall die: the son shall not bear the iniquity of the father, neither shall the father bear the iniquity of the son; the righteousness of the righteous shall be upon him, and the wickedness of the wicked shall be upon him.
21 ¶But if the wicked turn from all his sins that he hath committed, and keep all my statutes, and do that which is lawful and right, he shall surely live, he shall not die.
22 None of his transgressions that he hath committed shall be remembered against him: in his righteousness that he hath done he shall live.
23 Have I any pleasure in the death of the wicked? saith the Lord Jehovah; and not rather that he should return from his way, and live?
24 But when the righteous turneth away from his righteousness, and committeth iniquity, and doeth according to all the abominations that the wicked man doeth, shall he live? None of his righteous deeds that he hath done shall be remembered: in his trespass that he hath trespassed, and in his sin that he hath sinned, in them shall he die.













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










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










Quote:



Gold: $1166.40 up $2.30 (Comex closing time)
Silver: $15.75 down 3 cents (Comex closing time)



In the access market 5:15 pm.


Gold $1166.90
silver $15.74













Friday, Mar 6th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI rose by a huge 2337 contracts from 163,898 up to 166,235 with silver down by 37 cents with respect to Friday’s trading. We are now in the active contract month of March and here the OI fell by 5 contracts down to 951. We had 8 contracts served on Friday. Thus we gained 3 contracts or 15,000 oz will stand in this March delivery month.





In Gold:




Quote:

The total gold Comex open interest rose by a huge 8,651 contracts today from 406,719 up to 415,370 even though gold was down by $31.80 on Friday (at the Comex close). We are now in the contract month of March which saw it’s OI lower by 5 contracts down to 148. We had 4 notices filed on yesterday so we gained 1 gold contract or an additional 100 oz will stand for delivery in this delivery month of March. The next big active delivery month is April and here the OI rose by 672 contracts up to 251,675.





Volume




In Silver:




Quote:

The estimated volume today was poor at 13,020 contracts (just Comex sales during regular business hours. The confirmed volume on Friday (regular plus access market) came in at 48,998 contracts which is also quite good in volume. We had 17 notices filed for 85,000 oz today.





In Gold:




Quote:

The estimated volume today (which is just Comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 66,980. The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was good at 239,107 contracts with mucho help from the HFT boys. Today we had 0 notices filed for nil oz.





Inventory Numbers




In Silver Inventory:




Quote:

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


We had 0 dealer withdrawals:
Total dealer withdrawal: nil oz
We had 0 customer deposits:

Total customer deposit: nil oz

We had 0 adjustment


Total dealer inventory: 68.855 million oz.
Total of all silver inventory (dealer and customer) 178.035 million oz





In Gold Inventory:




Quote:

Today, we had 1 dealer transaction.
Total Dealer withdrawals: nil oz

We had 1 dealer deposit:
i) Into Brinks 2000.00 oz??? (how could this be possible???)
Total dealer deposit: 2000.00 oz


We had 1 customer withdrawal:
i) Out of Scotia: 125,067.600 oz.
Total customer withdrawal: 125,067.600 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 17 contracts for 85,000 oz.





In Gold:




Quote:

Today, 0 notices was issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (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 March, we take the total number of notices filed for the month so far at (1690) x 5,000 oz = 8,450,000 oz to which we add the difference between the open interest for the front month of March (xx) and the number of notices served upon today (17) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1690 (notices served so far) + {OI for front month of March (951) - number of notices served upon today (17) x 5000 oz} = 13,120,000 oz standing for the March contract month.
We gained 3 contracts or 15,000 oz will not stand for delivery in March.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz, to which we add the difference between the open interest for the front month of March (148) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (148) – the number of notices served upon today (0) x 100 oz} = 15,300 oz or 0.4758 tonnes.
We lost 100 gold ounces standing in this March contract month.
Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.263 million oz. (257.02 tonnes).





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 568.00, up 0.53%. WTI April crude was 50.04 up 0.26. Brent crude was 58.46 down 1.33. The spread between Brent and WTI was 8.42 down 1.59. The 30 year US Treasury bond was down 0.0400 at 2.8000. The 10 year T-Note was down 0.0500 at 2.1900. The dollar was up 0.14 at 97.86. The PPT/Dow was 17995.72 up 138.94. Silver closed at 15.73 down 0.20. The GSR was 74.1831 up 0.8184 oz of silver per oz of gold. CIA's Facebook was 79.44 down 0.56 (0.70%). May wheat was up 7.50 at 490.000. May corn was up 2.75 at 388.75. April lean hogs were down 0.050 at 66.075. April feeder cattle were down 0.175 at 208.400. May copper was up 0.062 at 2.671. April natural gas was down 0.161 at 2.678. May coal was down 0.82 at 51.58.




Thank you for reading the Harvey Report!










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




Goooood day!




**************
Tue, Mar 10, 2015 - 10:09pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 10 Mar 2015

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










News and Commentary






Mark O'Byrne (GoldCore): With all the focus on Grexit in recent weeks, investors have not paid much attention to the risk posed by ‘Brexit’ or the possibility of the UK leaving the European Union. This is the case in currency and stock markets with the FTSE and sterling remaining buoyant despite obvious risks. Indeed, gilts remain close to all time record highs – in part due to QE. The FTSE 100’s successive new record highs in recent weeks despite the deteriorating global economic backdrop has echoes of previous bubbles. We all know how those ended. That may be beginning to change as U.K. two-year government bonds posted the longest run of weekly declines in eight months today. Ten year gilt yields reached the highest level in almost three months last Friday. The fall in gilt prices is being attributed to concerns about rising interest rates. It is likely that some of the weakness could be related to election and ‘Brexit’ risk. Derivative traders anticipate more volatility than usual because the outcome of the election is more uncertain than usual. No party is likely to have a majority, and a coalition will probably be harder to put together than in 2010, when politicians were under intense pressure amid a weak economy and jumpy markets. Psephologists expect a minority government, risking another election not too long afterwards and adding to policy uncertainty. Advocates of a “Brexit” envisage a Britain like Hong Kong, strong but independent of Europe’s burdensome regulation and directives and somewhat imperial super state ambitions. Those opposed to it, like Gordon Brown, have suggested it would leave Britain isolated. Brown went so far as to alarmistly describe it as the “North Korea option”. Open Europe do not regard either outcome as credible.










Chris Powell (GATA): China’s new involvement in the London gold market and its opening of a physical gold exchange in Shanghai may be meant less to bust the Western paper gold racket than to facilitate the flow of Western gold to Asia that is already underway, USAGold proprietor Michael Kosares writes today. “I see China’s latest forays in the international gold market as an attempt to fuse with and influence the current market structure rather than circumvent or supersede it,” Kosares writes. “China, in my view, seeks synthesis, not antithesis, and though some might be disappointed in the strategy, I see it as bracing for gold’s future and even more bullish for gold in the long run than a policy of confrontation. By taking its seat at the gold-pricing table, China inadvertently will act as a proxy for gold coin and bullion owners all over the world.”




Chris Powell (GATA): James Turk said today that gold is actually doing pretty well this year in terms other than those of the U.S. dollar and that the euro may beat the yen to the fiat currency graveyard. Just as in the case of oil currently, the problem with gold (and countless other commodities) trading where it does, is that as we have shown repeatedly on previous occasions, it is at or below the marginal production cost of various gold producers. And with miners losing money on every incremental ounce (or barrel) they pull out of the ground, there is only so much capital they can burn before they have not choice but to file for bankruptcy. Which is precisely what happened to Allied Nevada Gold, the operator of the gaming state’s Hycroft mine, which earlier today filed for bankruptcy in Delaware. The company blamed its deteriorating financial condition on the drop in gold and silver prices in recent years, an overleveraged capital structure, delays in a key expansion project, and currency swap exposure. In a normal world, in which supply and demand would be reflected in the price, a bankruptcy such as this one, which guarantees the mothballing of Allied’s operations indefinitely and perhaps forever, the resulting decline in supply on the margin would mean an increase in prices. However, in a world in which physical supply and demand are irrelevant (and in the case of the biggest source of demand, outright misrepresented), the only thing that matters for pricing is how much paper gold will be created/destroyed via GLD and other ETFs, and/or how many Gold futures contracts the BIS trading desk in Basel will sell (not buy) in any given day.








Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 41 notices for 205,000 oz. Several months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 254.52 tonnes for a loss of 48.5 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by an astonishing 1,396 contracts even though yesterday’s silver price was down 3 cents. The total silver OI continues to remain relatively high with today’s reading at 167,631 contracts. The front month of March contracted by 16 contracts. We had 41 notices served upon for 205,000 oz. In gold we had a fall in OI despite the fact that gold was up by $2.30 yesterday. The total Comex gold OI rests tonight at 413,701 for a loss of 1,669 contracts. Today, surprisingly we again had only 0 notices served upon for nil oz. Today, we had no report on the GLD/Inventory rests at 753.04 tonnes. SLV we had no change in inventory at the SLV/Inventory, remaining at 327.332 million oz.




Bill Holter (Miles Franklin): HSBC allegedly decided to close their London Gold vaults, but as of yet, we still do not have public confirmation. The more time passes without some sort of confirmation of Andrew’s allegations, the more I am inclined not to believe them. Enough said for now and until we have some hard data to look at.






Bill Holter on Exter' Pyramid: John Exter believed the “foundation” of all things financial rested upon a small foundation of gold. I say “small” because of gold’s rarity in relation to everything else financial. Since 1971, The U.S., followed by governments of most of the rest of the world have wanted us to believe that gold is not money. This is not so, and the BRICS nations led by China fully understand and believe gold in fact is money as proven by their massive imports of gold. The gold “foundation” is what everything financial is “derived” from. If this is so then there is one very basic truth which MUST apply, the rule of law. The gold must be where it is supposed to be, in the correct quantities and purity. If it is not, the rule of law is broken and with it will follow a “natural law” being broken called “confidence”. what do you believe will happen to everything above the gold base if the gold really is not where it is supposed to be? When answering this question in your mind, please remember that everything and I do mean EVERYTHING is based on “trust”. You trust that when you put your paycheck into a bank this week, it will still be there next week and your bank will be open for you to retrieve or use the money. The potential discovery of empty gold vaults is what steers Western finance and has done so since 1971. The perception of weak gold prices and abundant holdings has been paramount. The realization or truth of empty gold vaults cannot be allowed to happen or confidence in currency will evaporate. Gold is moving Eastward to the BRICS and other nations in amounts that do not make any mathematical sense unless the rule of law is being secretly and clearly broken. What do you think? Will gold “remaining” in the West be scarce or plentiful when the truth comes out? If you understand Exter’s pyramid, this is a very valid and all important question! As with any house or structure, the foundation to Exter’s pyramid is more important than anything else and for good reason.




Tyler Durden: As noted earlier, starting early with the overnight session there was already some serious fireworks in Asia, when first the USDJPY soared then tumbled, pushing the Nikkei lower some 0.7% with it, driven entirely by the surge in Dollar which rose to a fresh 12 year high overnight after gaining as much as 0.59%, in an extension of Friday’s post-NFP gains. Additionally, the EUR/USD slipped below 1.0800 to touch its lowest level since Sept’03 while USD/JPY rose above 122.00 for the first time since Jul’07, after breaching long-term resistance at 121.85. However, in recent trade the USDJPY has seen a straight line sell-off which in turn has sent US equity futures sliding, and the ES down about 14 points as of this moment. Meanwhile, the front-running of the ECB continues, with German 10 Year yields sliding -3bps to 0.281%, the lowest in series history. Also touching fresh record lows were Austrian, Belgian, Dutch, Finnish, Irish, Italian, Spanish 10 Year rates.






Zero Hedge: Having been shamed what seems like numerous times now by the Eurogroup in recent weeks, Greece suffered its greatest humiliation today. First, the farcical renaming of ‘Troika‘ to ‘Institutions’ was summarily dismissed as “semantics,” as France played good cop (asking for the group not to call it Troika) while Germany’s bad-cop Schaeuble used the T-word four times in one interview. And second, Eurogroup chairman Dijsselbloem stated that “technical teams will begin considering Greek reform plans on Wednesday,” adding that some of the negotiations will have to take place “in situ in Athens.” So instead of discussing reforms with institutions in Brussels, the Varoufakis-defined “cabal of technocrats” Troika will be back on Greek soil to straighten out the nation. So Troika is back with boots on the ground in Athens… austerity continues… and the country has 3 weeks or less cash until it is done… but apart from that – as Spain said this morning “I see no risk of Greek bankruptcy.”






Zero Hedge: One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin’s regime may be locked out of all international monetary transactions when Moscow is disconnected from the EU-based global currency messaging and interchange service known as SWIFT (a move, incidentally, which SWIFT lamented as was revealed in October when we reported that it announces it “regrets the pressure” to disconnect Russia). Of course, in the aftermath of revelations that back in 2013, none other than the NSA was exposed for secretly ‘monitoring’ the SWIFT payments flows, one could wonder if being kicked out of SWIFT is a curse or a blessing, however Russia did not need any further warnings and as we reported less than a month ago, Russia launched its own ‘SWIFT’-alternative, linking 91 credit institutions initially. This in turn suggested that de-dollarization is considerably further along than many had expected, which coupled with Russia’s record dumping of TSYs, demonstrated just how seriously Putin is taking the threat to be isolated from the western payment system. It was only logical that he would come up with his own.




Tyler Durden: China’s international payment system, known simply enough as China International Payment System (CIPS), which serves to process cross-border yuan transactions is ready, and may be launched as early as September or October. According to Reuters, the launch of the will remove one of the biggest hurdles to internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting transaction costs and processing times. If China provides alternatives to the dollar, then the entire reserve system begins to crack. Needless to say, China will be delighted to have its own unified payment system, one that will further internationalize the Renminbi which at least check had become one of the top five payment currencies in November 2014, overtaking both the Canadian and the Australian dollar based on SWIFT data. Until now, cross-border yuan clearing has to be done either through one of the offshore yuan clearing banks in the likes of Hong Kong, Singapore and London, or else with the help of a correspondent bank in mainland China. Finally, as it becomes easier to transact in non-USD terms, it will merely accelerate the adoption of the Chinese Yuan as the primary currency of global trade, or what little is left of it, as opposed to the currency of financial engineering. The final observation to make here is that if indeed it was the Obama administration’s brilliant ploy to kick out Russia – and by geopolitical affiliation, China - out of a monetary transaction mechanism that is controlled and supervised by the US and force the two biggest challengers to US global dominance into their own (or joint) payment system, then well, congratulations: it succeeded. DS: O's job is to deconstruct America, and this is one more leg that is removed from America's quaking house of economic hegemony.




Zero Hedge: Just when you thought it was getting better (or so you would believe if you listened to the mainstream media’s punditry) Greece faces what ekathimerini reports is a“situation worse than in 2012.” From well-known Belgian beer to electronics equipment, the first occurrences of shortages in imported goods and raw materials have arisen as a result of Greek enterprises’ inability to pay with cash in advance.




Venezuelans soon may need to have their fingerprints scanned before they can buy bread and other staples. This unprecedented step was proposed after Maduro had the brilliant idea of proposing mandatory grocery fingerprinting system to combat food shortages. He said then that “the program will stop people from buying too much of a single item”, but did not say when it would take effect. There was hope that this plunge into insanity would be delayed indefinitely, as the last thing Venezuela’s strained economy would be able to handle is smuggling of the most basic of necessities: something such a dramatic rationing step would surely lead to. Unfortunately for the struggling Venezuelan population, the time has arrived and as AP reported over the weekend, Venezuela “will begin installing 20,000 fingerprint scanners at supermarkets nationwide in a bid to stamp out hoarding and panic buying” as of this moment. What assures that Venezuela is bound to become the next Greece is that the one saving grace the socialist nation had left, high oil prices, aren’t coming back for a long time, which effectively makes the country’s oil production industry a drain of cash, cash the country can’t afford to spend, at current oil prices. As a reminder, crude oil amounts for 95% of the country’s exports. Venezuela’s plummeting currency rates and the falling price of oil by nearly half since November has diminished its supply of dollars to buy imported food.






Reuters: The International Monetary Fund’s bailout program for Ukraine assumes Kiev will be able to get $15.4 billion from talks with its creditors, according to four sources familiar with the IMF’s documents. The assumption is necessary to ensure Ukraine’s sovereign debt can fall to 70 percent of gross domestic product by 2020, a level the IMF would deem sustainable, according to three people. Under its rules, the IMF cannot lend to countries unless it believes they will be able to pay back the money eventually. Targeting a particular level for debt renegotiation, considering debt talks have not yet begun, points to the uncertainty surrounding the $40 billion international rescue package for Ukraine announced last month.






Zero Hedge: Now it is Chevron’s turn to cut its costs yet still ramp up production of shale assets, yet US may run out of oil storage space as soon as June. DS: Supposedly companies are producing oil to shore up their shrinking balance sheets that are suffering due to the falling price of oil. However, if this oil is going into storage, it is not being sold. If it is not being sold, how are these oil companies being profited by pumping more of it? This does not make sense, and now because they are out of storage space, they are threatening to dump the oil on international markets and drive the price down even further.






This Will Not End Well (In The Short Term)






MyBudget360: It is clear looking at economic data that young Americans were not sent the memo regarding this economic recovery. People do realize that the “Great Recession” officially ended in the summer of 2009, right? We’re heading into year six of this recovery but many are simply seeing lower paying jobs, a deeper reliance on debt, and inflation hitting in important segments of our economy. For example, some of the top employment sectors in our country are in the form of food services and retail that tend to hire a disproportionately large amount of young workers. But with more people going to college and taking on record levels of debt, working retail is not going to cut it. Back in 2000 about 25% of 25 year olds carried some form of college debt. Today that percentage is up to 45%. That is a major jump and shows that for many, simply going to college requires some form of debt assistance. And that is why we now have over $1.2 trillion in outstanding student debt across the country. But young Americans are also seeing hits to their net worth. We now seem to be programmed into debt dependence. Need a car? Take on an auto loan even if it means getting a subprime loan. Having this much debt before even earning a paycheck makes it tougher for young people to save for retirement. Many are simply living paycheck to paycheck. Young adults used to earn good money relative to the national median income. That trend has reversed dramatically over the last decade.




Susan Duclos (ANP): A very concerned All News Pipeline reader recently emailed us a link to the following Craigslist Ad that immediately piqued our interest due to all of the present day events we are now watching unfold both here in America and around the world. With Daniel Estulin recently warning of the possibility of thermonuclear war with Russia in our future and the US continuing to 'poke the Russian bear', does this Craigslist ad from military contractors seeking Russian and Ukrainian men to run drills with US Marines signal a potential upcoming 'false flag' due to a 'mix-up' in communications of some sort or for an 'event' that is blamed upon Russia? We must remind you that in the past, Craigslist ads such as these have tied into actual real-world 'false flag' events. We have taken a screen shot of the actual Craigslist ad below for all to see in case it suddenly 'disappears' like other Craigslist ads of this sort after they have been discovered by the internet and exposed. The ad requests Ukrainian and Russian speaking men between the ages of 18 and 65 to take part in an 'immersive simulation training program' with US Marines between March 29th and March 31st of 2015. This temporary position will pay these men $19 an hour for an 8 to 12 hour day shift. Will 'real' Russian Spetsnaz be assimilated into this drill? With international tensions at pre-WW3 levels, why would they specifically be requesting Russians and Ukrainians to run these drills with our marines? This certainly sounds like a cover for something potentially much more harmful and we advise that all American eyes be open as we approach the March 29th through 31st dates.










The creating of chimeras with multi-animal-genes that would perform top-notch on the battlefield, both physically and mentally, would be a top-priority black project. Creating the “Perfect Being” could be a new cold war for contracted rogue national scientists. Most of you reading this have heard the phrase Super Soldier. This has been an ongoing project within the U.S. for over half a decade. Sub-projects of the Super Soldier project do now include the hybridization of animals + humans. Think about it: The brain of a human, the arms of a guerilla, the eyes of an eagle, the nose of a hound, the legs of a cheetah, the ears of an owl and the coating of a desert horned lizard. What other Chimeric beings dwell beneath the surface in the name of medical research? DS: As it was in the days of Noah, so also will it be at the coming of the Son of Man. In Noah's day fallen angels interbred with men and animals producing evil giants in the case of men and hybrids like centaurs, fauns, minotaurs, mermaids, etc. from animals. Some researchers speculate that Satan intends to try again to eliminate the pure seed of Adam, and he hopes that by doing so he may somehow escape the sure condemnation of hell in which he now finds himself. Hawk is saying the real objective of CERN is to open a gate to other dimensions and allow the beings God banished to other dimensions to return and resume their nefarious works among men.




SkyWatchTV: First Tech Federal Credit Union and MasterCard will introduced a pilot program later this year that enables First Tech FCU members to authorize their financial transactions via biometric identification, according to a report by Credit Union Times. “We are extremely pleased that MasterCard has chosen to partner with First Tech to pilot new payment methods,” said Terry Rodrick, vice president of cards and payments at First Tech. “Biometrics may seem very James Bond- like but the reality is fraudsters are very clever and resourceful. Our membership is technology based so I think we have the perfect population to really kick the tires and pressure test new ways of making purchases.” The companies have an existing relationship, as First Tech signed MasterCard on as its official payment solutions provider for the credit union’s 380,000 members. As an extension of this agreement, First Tech will issue new credit and debit cards with embedded EMV technology as a safety measure against identity theft. The credit union will also introduce new features and functions in the future, which includes a new rewards program, card personalization and tokenization programs.






Rory Hall (Daily Coin): What would a personal citizen expect to see if a gold-backed currency were re-introduced?
PCR: I remember talking to Milton Friedman once and he pointed out that if you are on the gold standard and have a central bank, it simply offsets the movements of gold. If gold flows out because you are running a trade deficit, then the central bank takes steps to increase the money in circulation.
If you have gold as an alternative to fiat money, it still serves to check the central bank, because the people flee the money into gold and then the gold price rises relative to the money. And that’s always been the check, but now they get around that by operating in the futures market with shorts. Really, gold can’t do anything to protect an individual, if the central banks and governments are not prepared to play by the rules.
Rory: They don’t play by the rules.
Paul Craig Robers-PCR: They are not. I could never have imagined how “outside the rules” they are now. They rig everything in order to keep the house of cards standing. I think that Nomi Prims and Michael Hudson are right, that a few of these “mega-banks” have taken over everything. Michael Hudson calls it the “financialization” of the economy and Nomi calls it “bankism”. They control central banks and rely on them to make good on all their bad debts. The last time it collapsed, but that’s because the central bank wasn’t rigged. Now it’s the second time – will it collapse? I don’t know, maybe the central bank just won’t even report what’s on the books. When they can falsify the employment reports like they do, they don’t have to report what the real balance sheets of the banks are. We may live in this type of situation for a long time.
Dave Kranzler: I don’t see how that’s possible because I don’t see how the amount of money that they need to print to keep everything together becomes way to disconnected from the amount of real wealth output. When the people leaving the workforce, and go on government welfare…at some point it just collapses under its own weight. Eventually, the natural laws of economic nature get a grip on the system. DS: Yes, and the natural law of no food is death, so by the time natural asserts itself in the new world order, it won't matter for the majority of Americans.









DueDiligence (B4IN): Dr. Stephen Hawking recently warned that the reactivation in March of CERN’s large hadron collider could pose grave dangers to our planet…the ultimate reality check we are warned. Hawking has come straight out and said the ‘God particle’ found by CERN “could destroy the universe” leaving time and space collapsed. Is CERN the most dangerous thing in the cosmos that could lead to the ultimate destruction of the Earth and the entire universe? Recent developments prove to us the scientific community is no longer able to explain ‘reality’ without looking at the ‘supernatural’. Will we soon learn CERN is really the ‘ultimate stargate’ and one of the gate-keepers most closely guarded secrets? Will this be the way man attempts to break the ultimate ‘God barrier’, an attempt to encounter demi-God’s in an all-out rush towards the destruction of all creation? We understand they won’t be releasing the secrets until they’re prepared to release them.










Bill Weather (Qwakeup.org): Genesis 6:3 can be taken to mean there will be 120 Jubilees from the Creation till the Second Coming. And Yahweh said, My Spirit shall not always strive with man, for that he also is flesh, yet his days shall be a hundred and twenty years. The word 'years' here is shaneh, meaning periods of time or an age. I agree with other scholars that the 120 years here are jubilees. A jubilee year is every 50 years (or 49+1). There is also a confirmation of this based on the millennial day/creation calendar. If we take 120 jubilees X 50 we come to 6000 years. The millennial creation day calendar is also 6000 years. In this case you have 6 millennial days given to man X 1000 years/day = 6000 years, after which, Christ will return and reign on the Sabbath Millennium Day. Based on this, the last jubilee of Genesis 6:3 will be the 120th jubilee and Christ's return to reign. Many bible prophecy scholars agree with me, that Christ is coming to reign on a jubilee year, to fulfill the Jubilee law of Leviticus 25. However, since much in prophecy still needs to be fulfilled, this 2015-16 jubilee could not be the last jubilee. If we full forward to the next jubilee, we would then come to 2015-16 + 49 years = 2064-65. The year 2064-65 would be far too long into the future. Jesus is coming back before that, as most Christians would agree and as end time event prophecy forming currently, testifies. So the dilemma in this count of the Jubilees has one jubilee too soon for Jesus to return, and the next is too late. The Jubilee year events of 1917-18 and 1966-67 for Israel, are on a 49 year cycle. In November of 1917, the Balfour Declaration was pronounced for a regathering of Jews to Israel by Britain who controlled the region at the time. This falls into the 1917-18 jubilee, usually starting in September (Lev 25:9-11), with the next Jubilee event of June 1967, the 6 day war, falling in the 1966-67 jubilee year. This 49 year cycle fits with those events, with the next jubilee for 2015-16. The testimony of Judah Ben Samuel, however, technically, does not fit the 50 year cycle with these modern jubilee signs. The Balfour mandate and the 6 day war fall into two different years in the jubilee count. Should we expect God to get really precise here? I say no, because these are God designed prophetic signs to us, but are not the official 120 count of jubilees from Adam. God will be perfect and precise on that, like he did with Jesus being the Passover lamb on the day of passover fulfilling every statute of the passover, but these modern day God designed jubilee prophetic events, are just that, signs to us, not a fulfillment of the Jubilee law on that. As Rabbi Cahn notes in his books, the Shemitahs are not an exact science. Neither should we expect that from these modern day God given jubilee signs.
- See more at: https://120th-jubilee.blogspot.com/2014/09/a-critique-ofthe-jubilee-coun... DS: With the 1917 Jubilee seeing the Balfour Declaration that provided the legal possibility for an Israeli homeland and the 1967 Jubilee seeing the war that delivered Jerusalem into Israeli hands, the 2015-16 Jubilee will likely also see something very significant in terms of the Jewish state. I suggest that 2015-16 is a likely candidate for the secular state of Israel to be delivered back to the service of God as Jeremiah prophecies in Jeremiah 30:9, "But they shall serve the LORD their God, and David their king, whom I will raise up unto them."




Ephesians 1:3 ¶Blessed be the God and Father of our Lord Jesus Christ, who hath blessed us with all spiritual blessings in heavenly places in Christ:
4 According as he hath chosen us in him before the foundation of the world, that we should be holy and without blame before him in love:
5 Having predestinated us unto the adoption of children by Jesus Christ to himself, according to the good pleasure of his will,
6 To the praise of the glory of his grace, wherein he hath made us accepted in the beloved.
7 In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace;
8 Wherein he hath abounded toward us in all wisdom and prudence;
9 Having made known unto us the mystery of his will, according to his good pleasure which he hath purposed in himself:
10 That in the dispensation of the fulness of times he might gather together in one all things in Christ, both which are in heaven, and which are on earth; even in him:












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










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










Quote:



Gold: $1160.10 down $6.30 (comex closing time)
Silver: $15.61 down 14 cents (comex closing time)


In the access market 5:15 pm



Gold $1161.60
Silver $15.62













Monday, Mar 9th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI rose by a huge 1396 contracts from 166,235 up to 167,631 with silver down by 3 cents with respect to yesterday’s trading. We are now in the active contract month of March and here the OI fell by 16 contracts down to 935. We had 17 contracts served upon yesterday. Thus we gained 1 contract or an additional 5,000 oz will stand in this March delivery month.





In Gold:




Quote:

The total gold comex open interest fell by a small margin of 1,669 contracts today from 415,370 down to 413,701 even though gold was up by $2.30 yesterday (at the comex close). We are now in the contract month of March which saw it’s OI lower by 31 contracts down to 117. We had 0 notices filed on yesterday so we lost 31 gold contract or an additional 3100 oz will not stand for delivery in this delivery month of March. The next big active delivery month is April and here the OI fell by 12,515 contracts down to 239,160. The estimated volume today (which is just comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 135,933.





Volume




In Silver:




Quote:

The estimated volume today was poor at 16,850 contracts (just comex sales during regular business hours. The confirmed volume on yesterday (regular plus access market) came in at 27,645 contracts which is fair in volume. We had 41 notices filed for 205,000 oz today.





In Gold:




Quote:

The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was poor at 147,647 contracts with mucho help from the HFT boys. 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 withdrawals:
Total dealer withdrawal: nil oz


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


We had two customer withdrawals:
i) Out of Delaware: 533,211.929 oz
ii) Out of Scotia: 60,258.27 oz
Total withdrawals; 593,470.199 oz


We had 1 adjustment
i) out of Delaware: 9,457.200 oz was adjusted out of the customer and this landed into the dealer account of Delaware;


Total dealer inventory: 68.864 million oz.
Total of all silver inventory (dealer and customer) 177.442 million oz





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions:
Total Dealer withdrawals: nil oz

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


We had 1 customer withdrawal: (and the farce continues)
i) Out of Scotia: 96,450.000 oz (3000 kilobars).
Total customer withdrawal: 96,450.000 oz


We had 1 customer deposit:
i) Into JPMorgan: 16,075.000 oz (500 kilobars).
Total customer deposits; 16,075.000 oz


We had 0 adjustments.





Delivery Notices




In Silver:




Quote:

The total number of notices filed today is represented by 41 contracts for 205,000 oz. To calculate the number of silver ounces that will stand for delivery in March, we take the total number of notices filed for the month so far at (1731) x 5,000 oz = 8,655,000 oz to which we add the difference between the open interest for the front month of March (935) and the number of notices served upon today (41) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1731 (notices served so far) + { OI for front month of March(935) -number of notices served upon today (41} x 5000 oz = 13,125,000 oz standing for the March contract month.
We gained 1 contracts or an additional 5,000 oz will stand for delivery in March.





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:

The total number of notices filed today is represented by 41 contracts for 205,000 oz. To calculate the number of silver ounces that will stand for delivery in March, we take the total number of notices filed for the month so far at (1731) x 5,000 oz = 8,655,000 oz to which we add the difference between the open interest for the front month of March (935) and the number of notices served upon today (41) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1731 (notices served so far) + { OI for front month of March (935) - number of notices served upon today (41) x 5000 oz} = 13,125,000 oz standing for the March contract month.
We gained 1 contracts or an additional 5,000 oz will stand for delivery in March.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (117) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (117) – the number of notices served upon today (0) x 100 oz} = 12,200 oz or.3794 tonnes
We lost 3,1oo gold ounces standing in this March contract month.
Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.182 million oz. (254.52) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 568.00, up 0.53%. WTI April crude was 48.29 down 1.75. Brent crude was 56.47 down 1.99. The spread between Brent and WTI was 8.18 down 0.24. The 30 year US Treasury bond was down 0.0800 at 2.7200. The 10 year T-Note was down 0.0600 at 2.1300. The dollar was up 0.84 at 98.70. The PPT/Dow was 17662.94 down 332.78. Silver closed at 15.62 down 0.11. The GSR was 74.3598 up 0.1767 oz of silver per oz of gold. CIA's Facebook was 77.55 down 1.89 (2.38%). May wheat was up 3.25 at 493.250. May corn was down 0.75 at 388.00. April lean hogs were down 0.100 at 65.975. April feeder cattle were up 2.100 at 210.500. May copper was down 0.047 at 2.624. April natural gas was up 0.054 at 2.732. May coal was down 0.05 at 51.53.




Thank you for reading the Harvey Report!










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




Goooood day!




**************
Wed, Mar 11, 2015 - 11:00pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 11 Mar 2015

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










News and Commentary




Mark O'Byrne (GoldCore): We have only ever advocated allocating a portion of one’s portfolio to gold – between 5% and 10% depending on one’s assessment of the global macroeconomic and geopolitical situation. We seldom encounter investors who wish to invest more than this proportion of their wealth in gold. So neither we, nor our clients qualify as gold bugs by Gilbert’s own criteria. We do have clients who have higher allocations to precious metals. Even so – should they be called ‘gold bugs’? As for those who speculate on the price of gold, we don’t believe they have any ideological attachment to the stuff – they are simply momentum chasers on the latest bandwagon. Good luck to them as most will need luck in the volatile markets of today. But they, therefore, do not qualify as gold-bugs either. DS: Since the streets of heaven are made of pure gold, I am sure it has enduring value, and in a world where Exter's pyramid of value is collapsing, it is very prudent to acquire the basis of real wealth while it may still be had.










Chris Powell (GATA): London metals trader Andrew Maguire tells King World News today that HSBC’s announcement that it is closing its London gold vaults — what the bank now is calling its “retail safe-deposit facilities” — with only 60 days’ notice is forcing some customers to sell their metal. Maguire suspects that this is the bank’s intent.




Eyanir Chinea and Corina Pons (Reuters): Venezuela’s central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves, according to government sources familiar with the operation. The move would help the government of President Nicolas Maduro boost its hard currency position as the OPEC nation struggles with soaring consumer prices, chronic product shortages and a shrinking economy caused by low oil prices. Under the swap, the central bank would provide 1.4 million troy ounces in exchange for cash, said a central bank source. After four years, it would have right of first refusal to buy the gold back, added the source, who asked not to be identified. DS: Getting Venezuela's gold has probably been one of the major objectives of this Venezuelan economic collapse all along.




Zero Hedge: Venezuela’s political problems have their basis in, and will only get worse due to one simple thing: money, or the lack thereof. As a reminder, the nation whose primary – and only according to some – export is oil, has been slammed in recent months due to tumbling oil prices, which means oil is now a loss-maker for Caracas, whose oil break-even price is said to be far higher than where Brent is currently trading. Which is why Maduro’s political troubles seem to be multiplying in recent months: in fact it has gotten so bad that some press reports suggest Maduro’s grip on the military is starting to wane. Now that Maduro has tipped his hand how he plans on funding the country’s near term debt and cash obligations, this is just the beginning: his administration faces a cash crunch following the maturity of a 1 billion euro bond this month and coupon payments of nearly $700 million in April. Expect Venezuela’s gold liquidation to accelerate. The only question is who will end up the rightful owner of Venezuela’s physical gold once the pawn shop confiscates the collateral.








Lawrence Williams (MineWeb): The world’s biggest gold miners moved to combined negative cash flow in Q4 2014. This is after three consecutive quarters where they had recorded positive Free Cash Flow (FCF) – that is after taking into account all elements of costs including capital expenditures. For several years, Mineweb ran a campaign to push the gold mining sector to report FCF figures (South Africa’s Gold Fields was probably the only Tier 1 gold miner at the time which did) but eventually most have come round to so doing – helped by the relatively new reporting metric of All In Sustaining Costs (AISC), to which most big gold miners now subscribe, which gets close to reporting the FCF figure. In Q4, this subset of gold miners fell back into reporting a combined negative cash flow of $270 million.










Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 1 notice for 5,000 oz. Several months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 254.52 tonnes for a loss of 48.5 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by an astonishing 1,494 contracts even though yesterday’s silver price was down 14 cents. The total silver OI continues to remain relatively high with today’s reading at 169,125 contracts. The front month of March contracted by 51 contracts. We had 1 notice served upon for 5,000 oz. In gold we had a fall in OI with gold down by $6.30 yesterday. The total Comex gold OI rests tonight at 410,918 for a loss of 2,783 contracts. Today, surprisingly we again had only 0 notices served upon for nil oz. Today, we had no changes in the GLD whose inventory rests at 753.04 tonnes. SLV saw no change in inventory which remains at 327.332 million oz.



Bill Holter (Miles Franklin): interest rates are now just beginning to creep up on Treasury securities. I am sure as we always have, soon hear, “higher interest rates will kill gold and silver”. Without going into a full writing on this, it simply is not true. Interest rates did nothing but go higher during the 1970’s when by 1980 gold traded up to $850 and silver $50. What killed gold and silver were 15-20% interest rates competing with and popping the frothy bubbles. You must understand this, America could “afford” these higher rates back then because we were not already leveraged up. Corporations weren’t leveraged, neither were individuals. The Treasury was not highly leveraged with well less than $2 trillion, and derivatives had barely been invented yet. The U.S. simply cannot “afford” higher interest rates today. My point is this, we may actually get higher interest rates put upon us by the market place but not by the Fed. Will the Fed raise rates even one quarter of one percent? Doubtful but it is possible. I believe were we to see even a one quarter point rise in official rates, our financial markets will implode in less than a week’s time. U.S. Treasury bonds have been seen as “safety” during most all of our lifetimes and for good reason for many years. This is no longer mathematically true. The U.S. Treasury has more need for borrowings than the collective world wishes to purchase. Were it not for the Fed (and BOJ and ECB), sovereign treasury securities would be going “un bid” at these current yields. Instead, these central banks are bidding bond prices into negative yield territory, a truly senseless exercise and one that will blow up in our collective faces. Were the Fed to announce any tightening no matter how small, our financial markets will be unrecognizable within a week’s time in my opinion …IF, they even remain open!




Tyler Durden: While the dollar strength this morning, which has pushed it to a fresh 13 year high and has accelerated the EURUSD plunge to under 1.06 – a drop of over 300 pips since the start of the week - has been a recap of yesterday’s trading action, the main difference is that unlike yesterday, the USDJPY has managed to find a strong bid in the overnight session, pushing not only the Nikkei up by 0.4%, but also lifting US equity futures as the entire global marketplace is now merely a sandbox in which the central banks try to crush their currencies as fast as possible.




Zero Hedge: The one place where European yields moved wider was Greece, where the market is increasingly convinced the troubled nation may be finally let loose from the Eurozone, especially following a Draghi statement that ECB action shields euro zone states from Greek contagion, which has been taken by some as a green light that Greece’s days in the Eurozone are numbered. Not helping is French FinMin Sapin, who said Greece is running out of time, money and friends, which meanns that even France which had made the most conciliatory noises toward Greek calls for less austerity, expressed frustration with Greece FinMin Varoufakis, while Spain’s finance minister also hardened the rhetoric. As a result the selling across the Greek curve has continued for yet another day.


















This Will Not End Well (In The Short Term)






Brandon Smith (Alt-Market): Consumer spending in the U.S. accounts for approximately 70 percent of gross domestic product, though it is important to note that the manner in which “official” GDP is calculated is highly inaccurate. For example, all government money used within the Medicare coverage system to pay for “consumer health demands,” as well as the now flailing Obamacare socialized welfare program, are counted toward GDP, despite the fact that such capital is created from thin air by the Federal Reserve and also generates debt for the average taxpayer. Government debt creation does not beget successful domestic production. If that was a reality, then all socialist and communist countries (same thing) would be wildly enriched today. This is simply not the case. That said, the swift decline in manufacturing jobs in the U.S. over the past two decades, including a considerable 33 percent overall decline in manufacturing jobs from 2001 to 2010, leaves only the consumer and service sectors as the primary areas of employment and “production.” The service sector provides about three out of every four jobs available in America, according to the Bureau of Labor Statistics. The truth is that America actually produces very little that is tangible beyond Big Macs, pharmaceuticals and the occasional overpriced fighter jet that doesn’t function correctly and is filled with Chinese parts. All three will kill you at varying degrees of speed...










Tyler Durden: For the first time since Lehman, Wholesale Trade Sales dropped for a 3rd month in a row in January. Plunging 3.1% MoM (against -0.5% expectations), this is the biggest drop since March 2009. Excluding auto sales, wholesale sales fell 3.5%. Wholesale inventories rose 0.3% (beating expectations) with only a very modest -0.1% drag from oil. This has sent the inventory-to-sales ratio soaring as the "Field Of Dreams" economy is back - but as one wise trader noted, we are now 10bps higher in inventory/sales than when we entered the recession in Dec 2007.










Bob Unruh (WND): The federal judge who ordered a halt to President Obama’s amnesty-for-millions plan now is telling federal attorneys to come to his courtroom in Brownsville, Texas, and explain why someone issued three-year deportation exemptions and work authorizations to 100,000 people before the program was scheduled to begin. U.S. District Judge Andrew S. Hanen issued an order Monday for the lawyers to be at a hearing in his courtroom March 19, the Herald newspaper in Brownsville reported. Hanen’s preliminary injunction stopped Obama’s executive actions on amnesty before the government was to begin accepting applications from qualified illegal aliens Feb. 18. However, the paper said there were extended stays and work authorizations issued to 100,000 illegal aliens prior to the scheduled start date. Hanen’s ordered the government to “explain” the details of a brief from government attorney Kyle Freeny that disclosed the U.S. Citizenship and Immigration Services had approved tens of thousands of three-year exemptions between Nov. 24, 2014, and Hanen’s injunction. Read more at https://www.wnd.com/2015/03/amnesty-judge-gets-tough-with-defiant-obama/...










Susan Duclos (ANP): With the March 15, 2015 date of The European Organization for Nuclear Research, known as CERN, restarting the world's most powerful particle accelerator, using double its collisional energy, a lot of speculation has been making its way throughout the Internet, some pointing out the "coincidence" of massive earthquakes being seen when CERN was activated previously, others talking blackholes, the end of humanity, gates of hell opening, and other scenarios... most theories are waved away as "conspiracy." Which makes prior assertions from respected scientists, professors and researchers, very noteworthy because when people like that start talking about opening wormholes or discovering other dimensions, it should make people sit up and take notice. I ran acrross an excellent video called "Face Like The Sun," and using the video references, found an article from December 2014, titled "The Tower of Babel and Particle Accelerators," which not only delves into ancient technologies utilized to create the Tower of Babel, but connects CERN with biblical references and technologies, as well as providing, with citation and links, the quotes shown below: Andy Parker, a professor of high energy physics at Cambridge is quoted as saying: “What you’d expect is that as you reach the right energy, you suddenly see inside the extra dimensions, and gravity becomes big and strong instead of feeble and weak…There could be a whole universe full of galaxies and stars and civilisations and newspapers that we didn’t know about…That would be a big deal.” In an article published by the Telegraph in 2008 titled Time travelers from the future ‘could be here in weeks,’ coinciding the launch of the LHC, many comments about the potential of this device creating wormholes were made. In one such example: “Prof Aref’eva and Dr Volovich believe the LHC could create wormholes and so allow a form of time travel. ‘We realised that closed timelike curves and wormholes could also be a result of collisions of particles,’ Prof Aref’eva says.










Antonio Regalado (MIT Technology Review): “Germ line” is biologists’ jargon for the egg and sperm, which combine to form an embryo. By editing the DNA of these cells or the embryo itself, it could be possible to correct disease genes and to pass those genetic fixes on to future generations. Such a technology could be used to rid families of scourges like cystic fibrosis. It might also be possible to install genes that offer lifelong protection against infection, Alzheimer’s, and, Yang told me, maybe the effects of aging. These would be history-making medical advances that could be as important to this century as vaccines were to the last. That’s the promise. The fear is that germ-line engineering is a path toward a dystopia of super-people and designer babies for those who can afford it. Want a child with blue eyes and blond hair? Why not design a highly intelligent group of people who could be tomorrow’s leaders and scientists?




Barbara Hollingsworth (CNSNews): The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff told members of the Senate Budget Committee in written and oral testimony on Feb. 25. “The first point I want to get across is that our nation is broke,” Kotlikoff testified. “Our nation’s broke, and it’s not broke in 75 years or 50 years or 25 years or 10 years. It’s broke today. Indeed, it may well be in worse fiscal shape than any developed country, including Greece," he said. (See Kotlikoff---Testimony-to-Senate-Budget-Committe.pdf)






Dave Kranzler (Investment Research Dynamics): Marketvane’s Bullish Consensus for the $US hit 90% yesterday. At the beginning of March it was 83%. Market bullish sentiment toward the dollar has not been this bullish since the turn of the millennium. It is a very strong contrarian signal. The US Dollar index is going parabolic. More often than not, markets that go parabolic will crash. This is what happened with the dollar in 2008. The common “narrative” out there is that the dollar squeeze is being fueled by European sovereign and corporate entities scrambling for dollars in order to pay dollar-denominated debt obligations. Yes, this is part of the equation. But, just like in 2008, it is a symptom of a catastrophic underlying systemic problem. After all, the Fed has created close to $4 trillion in new dollars, $2.6 trillion of which are sitting in the excess reserve account of the big banks at the Fed earning interest. That’s $2.6 trillion in excess dollars that can used to fund any excess demand for dollars. There’s also a repo collateral short squeeze plus a vicious Treasury short-squeeze going on, especially in the middle of the curve, where the Fed has removed most of the supply. But again, these are all “symptoms” of an underlying problem. Let’s not forget that the price of oil, along with many other key economic indicators are collapsing right now. I believe that the collapse in the energy sector has triggered a silent derivatives counterparty bomb that we can’t see because of the intentional opacity of the OTC derivatives market. But you don’t have a 50% collapse in a key economic commodity like oil – a commodity which has $100’s of billions in OTC derivatives securities wrapped around it – without some kind of counterparty default tsunami that has been triggered. Throw on top of that the Greece situation and you have a recipe for a derivatives financial nuclear meltdown.














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










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










Quote:



Gold: $1150.70 down $9.40 (Comex closing time)
Silver: $15.41 down 27 (Comex closing time)




In the access market 5:15 pm




Gold $1161.60
Silver $15.62













Tuesday, Mar 10th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

And now for the wild silver Comex results. Silver OI rose by an extremely high 1494 contracts from 167,631 up to 169,125 with silver down by 14 cents with respect to yesterday’s trading. We are now in the active contract month of March and here the OI fell by 51 contracts down to 884. We had 41 contracts served upon yesterday. Thus we lost 10 contracts or an additional 50,000 oz will not stand in this March delivery month.





In Gold:




Quote:

The total gold Comex open interest fell by a wide margin of 2,783 contracts today from 413,701 down to 410,918 as gold was down by $6.30 yesterday (at the Comex close). We are now in the contract month of March which saw it’s OI rise by 3 contracts up to 120. We had 0 notices filed on yesterday so we gained 3 gold contract or an additional 300 oz will stand for delivery in this delivery month of March. The next big active delivery month is April and here the OI fell by 13,037 contracts down to 226,123. The estimated volume today (which is just Comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at69,156.





Volume




In Silver:




Quote:

The estimated volume today was poor at 14,652 contracts (just Comex sales during regular business hours. The confirmed volume on yesterday (regular plus access market) came in at 41,106 contracts which is fair in volume. We had 1 notice filed for 5,000 oz today.





In Gold:




Quote:

The confirmed volume yesterday (which includes the volume during regular business hours + access market sales the previous day) was fair at 219,160 contracts with mucho help from the HFT boys. Today we had 0 notices filed for nil oz.





Inventory Numbers




In Silver Inventory:




Quote:

Today, we had 0 deposit 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 two customer withdrawals:
i) Out of Delaware: 533,211.929 oz
ii) Out of Scotia: 60,258.27 oz
Total withdrawals; 593,470.199 oz
We had 1 adjustment
i) out of Delaware: 9,457.200 oz was adjusted out of the customer and this landed into the dealer account of Delaware;
Total dealer inventory: 68.834 million oz.
Total of all silver inventory (dealer and customer) 177.443 million oz





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions

Total Dealer withdrawals: nil oz

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


We had 1 customer withdrawal: (and the farce continues)
i) Out of Scotia: 4,018.75 oz (125 kilobars).
Total customer withdrawal: 4018.75 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 1 contracts for 5,000 oz.





In Gold:




Quote:

Today, 0 notices was issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (received) by JPMorgan customer account.
To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (120) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (120) – the number of notices served upon today (0) x 100 oz} = 12,500 oz or.3888 tonnes
We gained 3oo additional gold ounces standing in this March contract month.
Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.178 million oz. (254.39) tonnes)





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 March, we take the total number of notices filed for the month so far at (1732) x 5,000 oz = 8,660,000 oz to which we add the difference between the open interest for the front month of March (884) and the number of notices served upon today (1) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1732 (notices served so far) + { OI for front month of March(884) -number of notices served upon today (1} x 5000 oz = 13,075,000 oz standing for the March contract month.
We lost 10 contracts or an additional 50,000 oz will not stand for delivery in March.





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.
To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (120) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (120) – the number of notices served upon today (0) x 100 oz} = 12,500 oz or.3888 tonnes
We gained 3oo additional gold ounces standing in this March contract month.
Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.178 million oz. (254.39) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 565.00, down 0.53%. WTI April crude was 48.30 up 0.01. Brent crude was 57.93 up 1.46. The spread between Brent and WTI was 9.63 up 1.45. The 30 year US Treasury bond was down 0.0400 at 2.6800. The 10 year T-Note was down 0.0200 at 2.1100. The dollar was up 1.02 at 99.72. The PPT/Dow was 17635.39 down 27.55. Silver closed at 15.47 down 0.15. The GSR was 74.5895 up 0.2297 oz of silver per oz of gold. CIA's Facebook was 77.57 up 0.02 (0.03%). May wheat was up 5.75 at 499.000. May corn was up 3.00 at 391.00. April lean hogs were down 1.850 at 64.125. April feeder cattle were up 2.600 at 213.100. May copper was down 0.018 at 2.606. April natural gas was up 0.092 at 2.824. May coal was up 0.09 at 51.62.




Thank you for reading the Harvey Report!










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




Goooood day!




**************
Thu, Mar 12, 2015 - 9:26pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 12 Mar 2015

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








News and Commentary




Mark O'Byrne (GoldCore): The Federal Reserve has issued a stinging rebuke to two of Europe’s largest banks – Deutsche Bank and Santander. U.S. operations of Deutsche, Germany’s largest bank, and Santander, the biggest bank in Spain and a large player in the UK market, were found to have serious deficiencies in capital planning and risk management, according to a senior Federal Reserve official. The systems by which European banks assess risk have been called into question following the failure of the U.S. subsidiaries of the two major European banks to meet criteria set out in the Federal Reserve’s stress tests. The subsidiaries of both Deutsche Bank and Banco Santander failed the stress tests for “qualitative” reasons among which were their inability to accurately identify risk and to respond realistically to losses. The annual Fed ‘stress tests’ aim to ensure banks are capable of functioning during periods of “financial stress”. Of the 31 banks tested, 28 passed although the Wall Street Journal reports that some big banks “struggled”. Bank of America did not pass the test and has been asked to resubmit its plans. It is unsettling that the two banks that failed the stress test are subsidiaries of European banks that comfortably passed the ECB’s stress test in October. As we pointed out at the time, the ECB test was of questionable value as it didn’t even model in a potential deflation scenario – despite early signs of and risks of deflation. Should Deutsche Bank or any other similarly exposed European bank suffer substantial losses it could trigger a major derivatives and or solvency crisis – and contagion in the financial system. With sovereigns and central banks having already badly damaged their balance sheets – another Lehman style crisis may be one which no nation or multi-national institution could resolve.




GoldCore on the markets: The S&P 500 closed 1.7%, lower at 2,044.2, it is biggest one-day percentage decline in nine weeks. Selling on Wall Street was broad based, with all 10 main sectors finishing with losses. The Dow Jones Industrial Average dropped 1.9%, to 17,662.9, it is worst point drop since Oct 9, 2014. The Nasdaq Composite ended the day down 1.7%, at 4,859.8, on the 15th anniversary of its all-time high. Sentiment towards gold is very negative after the recent gains and gold is due a bounce. Interestingly, according to Amanda Cooper of Thomson Reuters posting in the Global Gold Forum: “Until yesterday, gold had fallen for 8 days in a row, which is pretty steep going even for the gold market when it gets gloomy. The last time gold fell that many days in a row was March 2009. A closer look at the chart reveals that gold has only ever fallen by that many days in a row three times since the gold standard was abolished in the 1970s. Since Reuters gold data began in 1968, gold has only fallen for 9 days once, back in August 1973.” It takes a brave or foolish investor to buy after such falls and will always caution never to “catch a falling knife”. However, an attractive buying opportunity looks set to soon present itself and dollar cost averaging into position remains prudent.










John Hathaway and Doug Groh (The Gold Report): though gold investors have been through a nuclear winter, the future looks bright as mining companies bask in the glow of lower costs, better exchange rates and a flurry of mergers and acquisitions. The Gold Report: Since we last talked in August, have precious metals bullion and mining shares bottomed? John Hathaway: It looks as if they are trying to make a stand. In early November, we got down to $1,140/ounce ($1,140/oz). Only time will tell for sure. What we do know is that the industry can’t produce any more gold at these prices or lower prices, so that impacts the supply side of the picture. It certainly meets the test of being a contrarian investment. In our opinion, sentiment is pretty much rock bottom. It has gotten better with this rally, but in the bigger scheme of things, people still scoff at the idea of gold. That is one sign of a bottom. TGR: Are you as bullish on silver? JH: The magic number on silver is $18/oz. The 200-day average on the iShares Silver Trust (SLV), an exchange-traded fund, is roughly $17.29/oz. If silver closes above $18/oz, that will be a strong signal that it has changed its colors. For both gold and silver, the moving average keeps coming down, so it gets easier to surpass it.






Lawrence Williams (Mineweb): Willem Middelkoop predicted that China will likely make an announcement on an increase in its gold reserves some time this year at substantially more than the 1,054 tonnes it currently claims to hold – but even then no-one will really know if that is a true statement of its central bank holdings or not. He sees China, Russia and some other like-thinking nations targeting a de-Americanised world and we are already seeing considerable evidence of this in the beginnings of the internationalisation of the yuan as a trading currency and also in the setting up of alternatives to the SWIFT global financial interbank trading network. Middelkoop also says he likes drawing on statements from former central bankers like Alan Greenspan who, he says can now tell the truth! Greenspan has made some remarkably positive statements on gold in recent months including that ‘gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments’, noted Middelkoop. But although he feels that gold has to be an excellent investment at current price levels and has to move sharply higher in the medium to long term, Middelkoop sees silver as probably being an even better investment in terms of growth potential in US dollar terms. New mined silver production, he avers, is substantially below demand, while over the years above ground stocks have been run down, and unlike gold there are no huge central bank holdings which can be drawn on to hold the price down.




Zero Hedge: Having thought long and hard (since 2009) about the benefits of becoming a member of the European Union,Iceland has decided to withdraw its application…*ICELAND SAYS WON’T RESTART ACCESSION TALKS WITH EU. The 2013-elected (euroskeptic) coalition government had scrapped talks, so this is not entirely surprising, as it sought more trade accords. Foreign Minister Gunnar Bragi Sveinsson formally withdrew bid for European Union membership in a letter presented to Latvia’s Foreign Minister Edgars Rinkevics, according to an e-mailed statement from the Foreign Ministry in Reykjavik.





Tyler Durden: It appears Washington is losing some control among its allies. Amid a flurry of high-level visits to Vietnam last year, the US has been pouring in aid and assistance in health, education, landmines clearance, scholarships and nuclear energy. The reason is now becoming clear. As Reuters reports, Vietnam has been allowing Russia to use a former US military base to refuel nuclear-capable bombers as it rattles its sabre over the Asia-Pac region.. and America would like that to stop: “we have urged Vietnamese officials to ensure that Russia is not able to use its access to Cam Ranh Bay to conduct activities that could raise tensions in the region.” All that was missing was the “or else.”










Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 3 notices for 15,000 oz. Several months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 253.33 tonnes for a loss of 49.5 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by an astonishing 2,832 contracts even though yesterday’s silver price was down 27 cents. The total silver OI continues to remain relatively high with today’s reading at 171,957 contracts. The front month of March contracted by 44 contracts. We had 1 notice served upon for 5,000 oz. In gold we had an absolutely astonishing rise in OI with gold down by $9.40 yesterday.If you include access markets, gold has been down for 9 straight days. The total Comex gold OI rests tonight at 417,636 for a gain of 6718 contracts. Today, surprisingly we again had only 0 notices served upon for nil oz. Today, we had a large withdrawal of 2.09 tones of gold at the GLD/Inventory rests at 750.95 tonnes. SLV saw no change in inventory that remains at 327.332 million oz.










Harvey on the Fed raising interest rates: Raul Meijer's contention is that Yellen is going to raise interest rates in March regardless of economic climate. He cites two important commentaries: Econmatters and Ambrose Evans Pritchard. Econmatters believes that Yellen will blow up the bond market and in so doing will blow up the emerging markets. Here's a little background: The total short position of the USA dollar as highlighted by Econmatters, Ambrose Evans Pritchard and Bill Holter is 9 trillion USA. In a nutshell here is a breakdown on who is short: 1. Emerging market companies borrowed 4.5 trillion USA, 2. Chinese companies borrowed 1.1 trillion, 3. Europeans and others borrowed 3.5 trillion USA. All of these entities borrowed dollars to fund whatever assets they wished to buy. The emerging markets borrowed dollars to fund the sale of commodities to various players. Chinese companies borrowed dollars to purchase commodities which in turn financed buildings inside China. And likewise with the European sector, it's the same story, as folks there borrowed cheap dollars to fund various operations. It is Meijer, Econmatters and Ambrose Evans Pritchard’s contention that Yellen wishes to blow these guys up and somehow the USA banks will benefit? I am not sure on that point. However, I think it is necessary to bring this to your attention in case it is true. DS: Christine LaGarde of the IMF wanted to devalue the US dollar the first of the year. It didn't happen. Clearly, there is a certain amount of infighting between the Americans and the IMF and what is good for one set of banks may not be good for another. They only plan to save 10 banks anyway, and they are fixing to pull the plug. The elites may want to get most of the market collapse out of the way before September when the asteroid comes so that they can clean up on global wealth before the system fails completely.










Bill Holter (Miles Franklin): There have already been many markets thrown into upheaval. The two most important being the FOREX crosses and the oil market. Oil without a doubt is the largest and most all encompassing market on the planet with the exception of dollars themselves. Oil has crashed well over 50% in less than 6 months, dollars have risen 25% over this time frame. Do you think that these percentages when applied to $10’s of trillions might add up to a tad more than a tidy sum? Remember, derivatives is a zero sum game so anything “won” is also “lost”. I believe the spark has already created a fire behind the scenes and some have already been consumed and are dead, but hidden. Can I know this for sure? No, but common sense and the amounts involved tell me this is 100% dead on! And there you have it folks, there are too may dollars outstanding …which were created by too much borrowing of dollars … This pushed asset values higher until the world reached debt saturation and led to assets being sold to pay back the debt, asset prices dropped which is causing a global margin call…this synthetic short has created dollar demand to pay these dollars back. In essence creating a dollar shortage. Are you still with me after that long and horrible string of sentences? If you are, then here we are …facing the global margin call which can ONLY be met by central banks printing more dollars, euros, yen etc. because liquidity is again drying up. The alternative of course is to let the margin call run its course and take all banks, brokers and insurance companies down. Oh yes, don’t forget the sovereign treasuries and central banks themselves. It is the solvency of these institution that will ultimately be challenged.








This Will Not End Well (In The Short Term)






DS: Tomorrow is Friday the 13th. It is a favored time for the Luciferians to work some nefarious act. Hawk says they may try to light up that CERN super hadron collider tomorrow. He says the real purpose is to open a portal for beings that God banned after the Flood to return to our realm. Since it is a favored day for evil and an important day when previous losses may be reversed, my speculation is that it will be a time for blood sacrifice to power up some of these newly arrived entities. Because it was Friday the 13th, I cast lots and asked God if I should spend the night elsewhere tomorrow night, and He said, "Yes". I was so astounded that I asked twice more if I should spend the night elsewhere, and He said, "Yes" all three times. So, considering all this, it might be a good night to post a sentry and make sure your alarm is on and functional and the .45 is handy. For my part I have been fasting and praying today while I was working and asking God for help and safety. This would be a good time for all of us to petition God and pray that the remnant would be big and strong and not fear to stand and the faith to claim this nation back.










Douglas Hagmann (Hagmann & Hagmann): Minutes after midnight this morning local time, shots rang out amid the presence of protestors and police in gathered outside of the police station in Ferguson, Missouri. Two police officers on duty from neighboring departments were seriously wounded. Initial reports stated that the shots came from a gunman “embedded” within a group of protestors that gathered outside of the police department last night in response to the police chief’s resignation. His resignation, along with a number of other city employees, was the direct result of an extensive and scathing 105-page report released on March 4, 2015 by Eric Holder’s Department of Justice. That report was commissioned by Holder and Barack Obama after Ferguson police officer Darren Wilson was exonerated from any wrongdoing by a state grand jury related to the on-duty shooting death of Michael Brown. Further investigation of the origin of the shots, however, found that the shooter was not embedded within the group of protestors, but far behind them, atop a knoll near Tiffin Avenue. The positioning of the shooter, the timing of the shots, and the timing of the shooting in general relative to the Justice Department’s report should be of serious concern and not dismissed out of hand. Readers of my columns will recall my source within the Department of Homeland Security asserting that members within and associated with Obama and Holder were, and are, doing everything possible to foment a new racial divide, or plainly stated, cultivate a new race war. I have written prolifically about the planned, orchestrated take-down of America from within, with the exploitation of racial division being a key strategy and expertly employed as one of a series of methods of our own destruction. Over the last few years, I have written extensively about my sources’ inside information about economic chaos as well, that will perhaps coincide or converge with this new race war being planned from the pit of the Potomac, the belt hole of the Beltway, by those who actually control the leaders and their agenda. It’s the destroy us from within. Today, quite literally, we are seeing the race war being ratcheted up with Ferguson as “ground zero.”










Gary Stearman (SkyWatchTV): Over 300 prominent Republicans have signed a brief submitted to the U.S. Supreme Court calling for the legalization of same-sex “marriage” nationwide. The amicus brief, or friend of the court brief, was led by former Republican National Committee (RNC) chairman Ken Mehlman, who also served as manager of George W. Bush’s 2004 re-election campaign. “One of the points that I hope people appreciate when they read the brief is that supporting marriage equality is, in fact, the conservative position,” Mehlman told the Boston Globe. The brief argues that the 14th Amendment requires equal protection, which means that homosexuals should be permitted then to marry each other. “Although amici hold a broad spectrum of socially and politically conservative, moderate, and libertarian views, amici share the view that laws that bar same-sex couples from the institution of civil marriage, with all its attendant profoundly important rights and responsibilities, are inconsistent with the United States Constitution’s dual promises of equal protection and due process,” it reads.










Zero Hedge: It is becoming just a little too much of a daily occurrence but instead of a rail freight car crashing, today we see a massive explosion and fire erupt from an oil tanker crash in Detroit... As gas prices remain low, the shift from rail to road will likely increase the frequency of these scenes.... As WXYZ reports, A massive tanker fire on eastbound I-94 in Dearborn has shut down both directions of the freeway between Addison and Michigan Avenue. The fire is raging on the Detroit - Dearborn border. At least two vehicles, in addition to the tanker, are on fire. There is no word on injuries at this time. A number of people can be seen on the side of the road. Flames can also be seen coming from sewer system manholes. One witness says they heard what sounded like an explosion.






Glenn Greenwald (The Intercept): The real question is this: if concern over suppression of political rights is not the real reason the U.S. is imposing new sanctions on Venezuela (perish the thought!), what is? Among the most insightful commentators on U.S. policy in Latin America is Mark Weisbrot of Just Foreign Policy. Read his excellent article for Al Jazeera on the recent Obama decree on Venezuela. In essence, Venezuela is one of the very few countries with significant oil reserves which does not submit to U.S. dictates, and this simply cannot be permitted (such countries are always at the top of the U.S. government and media list of Countries To Be Demonized). Beyond that, the popularity of Chavez and the relative improvement of Venezuela’s poor under his redistributionist policies petrifies neoliberal institutions for its ability to serve as an example; just as the Cuban economy was choked by decades of U.S. sanctions and then held up by the U.S. as a failure of Communism, subverting the Venezuelan economy is crucial to destroying this success.








Dave Hodges (The Common Sense Show): The biggest threat to our children is not the loss of the appreciation for the values of this country. This biggest threat to our young people is the loss of their soul. Agenda 21 so disparages the Christian religion, we Christians may soon be forced underground in order to continue with our worship. The Agenda 21 bias shows up in many of the leaders statements about Christianity. For example, President Obama has made the following statements regarding Christianity: “Whatever we once were, we are no longer a Christian nation". "We do not consider ourselves a Christian nation.” As Christians make a threat assessment with regard to the implementation of Agenda 21 policies, it is important that we, as Christians, come to know our enemy. This is best exemplified by the following: “Among other things, the agenda called for a Global Biodiversity Assessment of the State of the Earth. Prepared by the UN Environmental Programme (UNEP), this 1140 page document armed UN leaders with the “ecological basis, and moral authority” they needed to validate their global management system. The GBA concludes on page 863 that “the root causes of the loss of biodiversity are embedded in the way societies use resources. This world view is characteristic of large scale societies, heavily dependent on resources brought from considerable distances. It is a world view that is characterized by the denial of sacred attributes in nature, a characteristic that became firmly established about 2000 years ago with the Judeo-Christian-Islamic religious traditions. Eastern cultures with religious traditions such as Buddhism, Jainism and Hinduism did not depart as drastically from the perspective of humans as members of a community of beings including other living and non-living elements.” In other words Christians are to blame for the sorry state of the world because their religions do not involve worshiping “sacred nature.” Christian parents need to perform their due diligence and assume responsibility for the development of the Christian spirit within their children. This begins by educating them about the evils of Agenda 21 and keeping them away from the Hitler Youth Movement type of organizations such as the Bill and Melinda Gates organization known as the Global Citizen Nights. When you hear the phrase “they are coming for your kids”, you need to take heed.










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










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










Quote:



Gold: $1151.10 down $1.40 (Comex closing time)
Silver: $15.49 up 8 cents (Comex closing time)


In the access market 5:15 pm


Gold $1153.30
Silver $15.57













Wednesday, Mar 11th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI rose by an extremely high 2,832 contracts from 169,125 up to 171,957 despite the fact that silver was down by 27 cents with respect to yesterday’s trading. We are now in the active contract month of March and here the OI fell by 44 contracts down to 840. We had 1 contract served upon yesterday. Thus we lost 43 contracts or an additional 215,000 oz will not stand in this March delivery month.





In Gold:




Quote:

The total gold Comex open interest rose by a wide margin of 6,718 contracts today from 410,918 up to 417,636 even though gold was down by $9.40 yesterday (at the Comex close). We are now in the contract month of March which saw it’s OI rise by 10 contracts up to 130. We had 0 notices filed on yesterday so we gained 10 gold contract or an additional 1000 oz will stand for delivery in this delivery month of March. The next big active delivery month is April and here the OI fell by 8,828 contracts down to 217,295. The estimated volume today (which is just Comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 91,156.





Volume




In Silver:




Quote:

The estimated volume today was poor at 17,737 contracts (just Comex sales during regular business hours. The confirmed volume on yesterday (regular plus access market) came in at 45,149 contracts which is very good in volume. We had 3 notices filed for 5,000 oz today.





In Gold:




Quote:

The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was fair at 197,879 contracts with mucho help from the HFT boys. 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 two customer withdrawals:
i) Out of Brinks: 200,400.79 oz
ii) Out of Scotia: 60,095.000 oz ??? can someone explain this perfectly round withdrawal???
Total withdrawals; 260,495.79 oz


We had 1 adjustment:
i) out of Delaware: 5,210.766 oz was adjusted out of the customer and this landed into the dealer account of Delaware;
Total dealer inventory: 68.828 million oz.
Total of all silver inventory (dealer and customer) 177.182 million oz





In Gold Inventory:




Quote:

Today, we had 0 dealer transactions
Total Dealer withdrawals: nil oz

We had 0 dealer deposits
Total dealer deposit: nil oz


We had 2 customer withdrawals (and the farce continues)
i) Out of Scotia: 32,150.000 (1000 kilobars)
ii) Out of Manfra: 96.45 (3 kilobars).
Total customer withdrawal: 32,246.45 oz (1003 kilobars)


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 3 contracts for 15,000 oz.





In Gold:




Quote:

Today, 0 notices was issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (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 March, we take the total number of notices filed for the month so far at (1735) x 5,000 oz = 8,675,000 oz to which we add the difference between the open interest for the front month of March (840) and the number of notices served upon today (3) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1735 (notices served so far) + { OI for front month of March(840) -number of notices served upon today (3} x 5000 oz = 12,860,000 oz standing for the March contract month.
We lost 43 contracts or an additional 215,000 oz will not stand for delivery in March.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (130) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.
Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (130) – the number of notices served upon today (0) x 100 oz} = 13,500 oz or.4199 tonnes
We gained 10oo additional gold ounces standing in this March contract month.
Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.146 million oz. (253.33) tonnes)





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




Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 560.00, down 0.88%. WTI April crude was 46.96 down 1.34. Brent crude was 57.08 down 0.85. The spread between Brent and WTI was 10.12 up 0.49. The 30 year US Treasury bond was up 0.0000 at 2.6800. The 10 year T-Note was down 0.0100 at 2.1000. The dollar was down 0.50 at 99.22. The PPT/Dow was 17895.22 up 259.83. Silver closed at 15.56 up 0.09. The GSR was 74.0810 down 0.5085 oz of silver per oz of gold. CIA's Facebook was 78.93 up 1.36 (1.75%). May wheat was up 8.25 at 507.250. May corn was down 2.50 at 388.50. April lean hogs were down 1.825 at 62.300. May feeder cattle were down 1.175 at 211.925. May copper was up 0.053 at 2.659. April natural gas was down 0.090 at 2.734. May coal was up 0.51 at 52.13.




Thank you for reading the Harvey Report!










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




Goooood day!




**************
Fri, Mar 13, 2015 - 10:19pm
DayStar
Offline
Joined: Jun 14, 2011
2586
14106

~~Harvey 13 Mar 2015

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

FDIC Bank Seizures

The FDIC did not seize any banks this week.




News and Commentary


Mark O'Byrne (GoldCore): Gold rose 12% against the euro in 2014 and so far in 2015, gold has risen a further 11% versus the euro. The euro has fallen 23% against gold since January 2014. Gold has risen from EUR 880 per ounce in January 2014 to EUR 1,090 per ounce today. The dollar-centric nature of most financial media and the tendency to focus on gold solely in dollars would give one the impression that gold has been devastated this year. In dollar terms gold has not fared terribly well, it’s true, but that is more a function of the surge in the dollar than of weakness in gold. Gold’s performance has been quite good considering the significant strength in the dollar and the gains seen in stock markets. Gold has an inverse correlation with the dollar and stocks over the long term. How much longer the stock and dollar boom can continue in the face of deteriorating macro-economic data – the worst since the 2008 crisis – is anyone’s guess. The Federal Reserve, like its other central bank counterparts, has done an incredible job in levitating markets and risk assets thus far. The dollar has soared against most of the currencies in the world but has only eked out very small gains versus gold. Gold has fallen just 2.7% in dollar terms. When measured against other currencies, gold has risen versus many major currencies. In fact, it has only suffered modest declines in a few currencies this year. Despite all the negative gold sentiment against the backdrop of central banks globally racing to debase their currencies.




GoldCore on European QE: In the medium and long term, currency devaluations will be of little benefit to exporters as most central banks are engaged in the same ‘beggar thy neighbour’ trade and currency wars. So far this year twenty four central banks globally have lowered interest rates in a bid to weaken their currencies to aid their export sectors and create jobs and economic growth. The haphazard manner in which this QE experiment is being executed in the EU is also concerning. In the absence of a truly centralised central bank it has fallen to national central banks to purchase the bonds that will create a sustainable recovery. The lack of oversight is ripe for abuse of the system. The experiment has only been in operation for four days and already there are serious questions over whether it can be actually implemented as planned. Due to arcane accountancy rules governing the quality of bonds which may be purchased it appears that there simply may not be enough bonds to meet demand. Given that the ECB flagged its intention to engage in QE long in advance, the bond markets have already factored in anticipated massive central bank purchases. If it turns out that the central banks cannot buy their expected allocation of bonds it will likely cause chaos in the bond markets.




Harvey: The gold Comex today had a poor delivery day, registering 0 notices served for nil oz. Silver Comex registered 35 notices for 175,000 oz. Several months ago the Comex had 303 tonnes of total gold. Today the total inventory rests at 251.28 tonnes for a loss of 51.5 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by another astonishing 2,745 contracts even though yesterday’s silver price was up by only 8 cents. The total silver OI continues to remain relatively high with today’s reading at 174,702 contracts. The front month of March rose by 4 contracts. We are now within a whisker of multi year high in the OI with a record low price. This dichotomy has been happening now for quite a while and defies logic. We had 35 notices served upon for 175,000 oz. In gold we had an absolutely astonishing rise in OI with gold down by $1.40 yesterday. The total Comex gold OI rests tonight at 424,435 for a gain of 6799 contracts. Today, surprisingly we again had only 0 notices served upon for nil oz. Today, we had a small withdrawal of .28 tones of gold at the GLD, probably to pay for fees. Inventory rests at 750.67 tonnes. SLV saw no change in inventory and remains at 327.332 million oz.





GoldCore on Gold Prices: Gold is weaker and yet, there has been very little liquidations of physical coins and bars and bullion demand in China and India remained robust in recent weeks and actually picked up this week. Premiums in India remain close to $2 and in China they remain over $5 per ounce. Reuters report that traders in Asia spoke of robust demand this week. “Demand has increased a little bit because of the drop in prices but there is no big rush,” said Bachhraj Bamalwa, director at the All India Gems and Jewellery Trade Federation. Asian buyers again are using weakness in gold and silver prices to accumulate bullion. U.S. Mint figures show demand has been robust in March. Sales of gold American Eagle coins by the U.S. Mint have been strong, already almost matching last March’s total (at 20,500 oz so far this month, vs 21,000 oz last year) and outstripping February’s (18,500 oz). Silver American Eagle sales aren’t doing so well, however. Sales total 1.3735 million so far this month, compared to 3.022 million oz in February and 5.354 million oz in March 2014. Interestingly, according to Amanda Cooper of Thomson Reuters posting in the Global Gold Forum: “Until yesterday, gold had fallen for 8 days in a row, which is pretty steep going even for the gold market when it gets gloomy. The last time gold fell that many days in a row was March 2009. A closer look at the chart reveals that gold has only ever fallen by that many days in a row three times since the gold standard was abolished in the 1970s. Since Reuters gold data began in 1968, gold has only fallen for 9 days once, back in August 1973.” It is worth noting that in the months following the 8 days of falls in 2009, gold prices surged.Gold rose from $892 per ounce in March 2009 to over $1,200 per ounce just 8 months later in November 2009. This was a rise of nearly 35%. A similar rise today would see gold rise from $1,155 per ounce today to over $1,550 per ounce. Caveat emptor and past performance is no guarantee of future returns. It takes a brave or foolish investor to buy after such price falls and we always caution never to “catch a falling knife.” However, an attractive buying opportunity looks set to soon present itself.








Chris Powell (GATA): Bullion Star market analyst and GATA consultant Koos Jansen, who alone in the world has made documented sense of the Chinese gold market — thanks in part to the Chinese sources he has cultivated and the Chinese friends who have kindly translated for him — yesterday published a comprehensive summary of the mechanics of that market, which seems likely soon to become the world’s primary gold market.




Chris Powell (GATA): Some gold market analysts are noting that sentiment in the sector has probably never been worse. They construe this as an indicator of a bottom in the metal’s price and the price of gold mining shares. But in a market as manipulated as the gold market, sentiment has no more meaning than technical analysis does. Really, who cares about what is being thought by ordinary investors, who may be able to deploy a few billion dollars in the gold market, when central banks have infinite money to deploy and acknowledge that they are trading the gold market nearly every day? And central banks are not trading just the metal itself but also futures, options, and derivatives, by which they can leverage their trading to infinity. In these circumstances, if central banks are determined enough they could use their infinite leverage to drive the price of gold on the futures markets down to zero. Their intervention is limited only by the metal they are prepared to lose, just as their intervention during the operation of the London Gold Pool was limited only by the draining of central bank gold reserves to critical levels in March 1968. Recent attempts by some central banks to repatriate their gold from the Federal Reserve Bank of New York support suspicion that the price-suppression scheme, engineered largely the U.S. government, has begun expropriating foreign custodial gold for suppression purposes, buying the scheme a lot more time than some gold market analysts thought it ever could have. And if, as seems generally agreed, any default on the gold contract at the New York Commodities Exchange can be resolved with cash settlement at the price prevailing before no gold was offered for sale and the price skyrocketed, should the price-suppressing central banks care much about a default? For the risk of default in Comex gold would be not really the risk of losing metal but rather the risk of losing the primary mechanism of price suppression, the exchange itself, which might be replaced by confiscation or the outlawing of private possession of gold. While it may be hard to imagine, the U.S. government claims to be fully authorized by law not just to rig the gold market and all markets in secret, but also to strip anyone of any asset, not just assets in the monetary metals, upon a presidential proclamation of emergency.




Dave Kranzler and Rob Kirby (Shadow of Truth): It was a renowned and respected macro-economist, Frank Veneroso, who discovered in the mid-1990’s that global demand for gold exceeded the annual global mining supply. He also discovered that it was western Central Banks that were selling outright and leasing gold from their holdings in order to balance out this supply. Why? Because money-printing had started to accelerate, especially by Alan Greenspan’s Fed, in response to a series of increasingly severe economic shocks – like the S&L/junk bond collapse, the Asian debt collapse, Mexico’s peso collapse, Long Term Capital’s collapse, etc. If the Central Banks had allowed the price of gold to rise in response to growing demand for physical supply, it would have undermined the global fiat currency system and stripped the existing U.S.-centric global power structure. This is why the Bank of England dumped 400 tonnes of its gold – 50% of its holdings – into the market, right at the bottom, starting in 1999. This launched the current bull market in gold. Yes, reader, gold is still in a bull market – it’s currently up 462% from its $250 in 2000/2001.




Zero Hedge: The Greek liquidity, pardon “cash flow” problems are so bad, not only Zero Hedge, but also Bloomberg has launched a daily maturity tracker of how much money Greece has to pay either to the IMF or to prefund T-Bill rollovers. This is what Bloomberg blasted out earlier today: Greece is preparing for another week of hurdles that ends with ~EU2b repayment on March 20. Most economists say that it will be difficult for Greece to get past end of March without fresh EU funds. Today, the Greek media is ablaze with just what Europe’s proposed solution to this issue may be. As Protothema and Capital report, the Troika proposed that Athens halt the payment of salaries and pensions for one to two months. This, according to Europe, would promptly tackle the problem of liquidity and find a solution to Greek problem of how to pay back bailout loan tranches to creditors when suffering from liquidity problems. As Keep Talking Greece reports, the creditors’ proposal was revealed by Varoufakis’ aide Elena Panarity at an event of the Deree College on Thursday and was confirmed by Finance Ministry officials on Friday. “When we say that we have liquidity problems, they tells us to make no payment of salaries and pensions for one or two months,” Panariti said as quoted by Greek media.




Tyler Durden: While none of the catalysts are new (IEA warning temporary stabilization amid rising oil glut and increased US production), it appears the February bounce is done as our discussions of storage limitations gains traction among the ETF-driven knife-catchers. April WTI Crude futures have collapsed in the last few days from over $52 to a $45 handle now – the lowest since January and only marginally above cycle lows… As oil cratered so EURUSD slipped and S&P futures fell.




Zero Hedge: For the 14th week in a row, the US rig count fell 67 rigs to 1125, (a 5.6% drop to 41.4%, bigger than March 09’s previous record 14-week decline of 41%). The decline in rigs continues to track the lagged oil price perfectly but has shown absolutely no impact on production levels as firms push for cashflows in a race to the bottom. As one analyst rightly noted, while rig counts continue to drop, companies are high-grading (shifting to more efficient wells), “the real thing that needs to change is U.S. production and that is not happening at the moment.” April WTI Crude tested $45.01 before the data and bounced very modestly on the data.










This Will Not End Well (In The Short Term)






Stefan Stanford (Live Free or Die): From July 15th to September 15th of 2015, the US Army's Green Berets, US Navy Seals, US Marines Special Ops Command and US Air Force Special Ops Command will be taking part in 'Jade Helm 15', 8 weeks of night time drills in 7 states in the southwestern portion of America in which the states of Texas and Utah are both labeled 'hostile' territory in the 'drills' as outlined in more detail in the US Army Special Ops Command documents embedded below. While US Army operations planner Thomas Mead tells mySouTex.com "this allows our soldiers to get a better training environment" and "you only get so much in a military environment", his disclaimer is "you don't get a true interaction with the public" which leads us to ask these questions: How much interaction do they expect with the public between the hours of 11 pm and 4 am, when these exercises will be taking place? Maybe even more importantly, what exactly is 'mastering the human domain', the exercise tag line seen in the image at the top of story? General's Odierno, Amos and McRaven chose to emphasize the “human domain” as the key determining factor in future conflicts. “In a word, the success of future strategic initiatives and the ability of the U.S. to shape a peaceful and prosperous global environment will rest more and more on our ability to understand, influence, or exercise control within the ‘human domain,’” according to the white paper. The “human domain” is defined for the purposes of this white paper as the “physical, cultural and social environments” that exist within a conflict. Each leader felt strong enough about the human domain’s influence that they recommended the Pentagon consider adopting it as a “doctrinal term and the Doctrine, Organization, Training, Material, Leadership and Education, Personnel, and Facilities (DOTMILPF) implications.”




Stefan Stanford on the human domain: Army, Marine and Special Operations leaders have observed the human domain dictate success in Iraq and Afghanistan for the past ten years. The ground forces own a unique perspective and ability to shape the human domain in future conflicts, according to the white paper. With a 'Republic of Texas' political meeting recently raided as shared in this story from 'The Free Thought Project', it wouldn't be too much of a stretch to believe that these exercises are more pieces to the puzzle spoken of by Dave Hodges in this new story "The Pieces For America's Imminent Red Dawn Are In Place", especially considering Texas labeled 'hostile territory' in the exercise manual below. According to Stephen Quayle, "drills are always the way that operations are designed to position men and materials ahead of an operation or concurrent with planned attacks" as Russia continues to gear up for World War 3 against us and our own government makes US citizens the focus of military operations, primarily against gun owners and veterans. "Make no mistake, they are coming to blow the gun owners away, not just disarm them." Additionally, he tells us "don't forget the GPS coordinates that were taken of all gun owners homes throughout the United States" and "hell fire missiles and 'yard farming' will be the order of the day" (Yard farming is using bombers, drones and missiles against civilian targets deemed enemies of the state.) A quick look back at several alerts from Quayle's website see that we have been consistently given warnings since long ago, from a young Russian girl who told shocked friends by telling them that 'her daddy was here to kill Americans' to an AC130 Gunship officer warning of training on Churches and Christians, more warnings of what we're now watching unfold can be found here, here, here, here, here, here and here. With September of 2015 consistently being warned of as a potential timeframe for the global collapse and World War 3, are these exercises more proof that something huge will happen near that date or just more ongoing drills as posse comitatus no longer applies upon American soil and America turns into a 'no longer' invisible dictatorship?










Dave Hodges (The Common Sense Show): On Thursday night, airing on Randy Yarbrough’s radio show on 1360AM out of Johnstown, Colorado, Dr. Walker Todd called in into the show and offered a stunning prediction. Dr. Todd stated that the U.S. economy has about “60-90 days of life in it, as the dollar is on the verge of collapse”. The dire prediction from only man would not ordinarily carry much weight, however, Dr. Todd was a an economic consultant with 20 years of experience at the Federal Reserve Bank of New York and the Federal Reseve Bank of Cleveland. He is also a member of the Cato Institute‘s new Center for Monetary Financial Alternatives as one of its Adjunct Scholars. Given his background, his expressed opinions should be given very serious consideration. If Dr. Todd’s prediction is accurate, this fits in with what other sources are saying is coming in the very near future. It has always been my position that a false flag event would be used as a pretext to invoke martial law. Martial law would then be used as the excuse to begin gun confiscation. Gun confiscation will be used disarm American citizens prior to subjugating the country by using foreign mercenaries in what could be labeled as a “Red Dawn” scenario.










Dave Hodges on Soviet Strategy: Anatoliy Golitsyn, a high-ranking KGB defector who fled to the United States in order to warn Americans about the secret Russian plan to attack the United States. Golitsyn is generally considered to be among the first and most revealing on the subject of the secret Russian plans to attack. Having authored the The Perestroika Deception in which Golitsyn wrote about the deceitful intent behind the Leninist strategy in which the present-day Communists are actively pursuing as they fake American style democratization efforts in Russia. According to Golitsyn, the short-term strategic objective of the Russians is to achieve a technological convergence with the West solely on Russian terms and mostly through a series of one-sided disarmament agreements. According to Golitsyn, after the United States military is eliminated as a strategic threat to Russia, the long-range strategic Russian plan is to pursue Lenin’s goal of replacing nation states with collectivist model of regional governments as a stepping stone to global governance. In order to achieve their final goal, Golitsyn states that Russia, after lulling America to sleep, will join with China in order to attack the United States from both the outside and inside as he detailed that …the Soviets and the Chinese will be officially reconciled and enact a “scissors strategy” in which China will attack the US through the southern border and Russia through northern border by way of Alaska. As the reader will clearly see in the following paragraphs, Obama is the catalyst in making these long-range communist plans come to fruition. Has Obama already signed Amerika’s surrender papers? Is Dr. Todd correct? Do we only have 60-90 days left before everything unravels?






N. Morgan (B4IN): Rumors have been swirling around Vladimir Putin this week. From his being dead to him having had a stroke of some sort. Now a Russian media outlet is reporting that media has been asked to stay close, for there is to be some sort of major announcement over the weekend. From a Russian website Vlastinet.net : According to a source in the press service of the President of Russia in the near future is preparing a major announcement, and for this reason, heads of relevant media asked to be ready in the next few days for a possible press conference. This is indirectly confirmed by the CEO of the Center for Political Information polit-info Alexei Mukhin. Mukhin also not denied reports that President Putin is currently incapacitated.”Guys, you now need the president, gather ..” – he wrote in his Twitter. The question – whether he confirms rumors about Putin, Mukhin said “no comment.” He also asked the staff at the weekend are in place, “will be something important,” he added. What could this announcement pertain to? Will they announce that Vlad indeed had some sort of medical issue, hence why he missed the huge meeting he was suppose to attend this week.




Shepard Ambellas (B4IN): Nearly 40 U.S. Army soldiers, wielding M-16 training rifles, dressed in full combat gear, were spotted participating in an urban warfare style training drill on Feb. 28th. just outside the Texarkana Regional Airport perimeter. After reviewing photos of the drill and talking to trusted military sources it appears that the soldiers were likely training to secure the local airfield in preparation for an unknown future event, possibly an economic crash followed by civil unrest. Even more interesting is the fact that the soldiers, rifles in hand, were out near the highway in plain view of the general public. Shockingly this may dovetail with the relocation of thousands of armored military vehicles seen positioned just outside several underground bunker complexes inside the continental United States (CONUS). However, even more importantly, hundreds of these armored military vehicles were spotted at the Red River Army Depot in Hooks Texas in late 2014, which is just four miles away from the Texarkana Regional Airport where the training drill took place on Feb 28th with nearly 40 soldiers.




Stefan Standford: Hawk breaks down an eyewitness account to the recent Blackhawk helicopter crash off of the coast of Florida that recently took the lives of 11 brave American's that points to a possible cover-up. Hawk tells us about the witnesses description of the chopper suddenly losing all power and its' engine and began to fall from the sky as a 'big white ball of light' is seen, indicating the possible use of a plasma weapon according to Hawk as the US Coast Guard has officially suspended their search. Hawk begins the show by telling us that the 'wild weasel' is in the starting gates as every day there are several more 'pieces of the puzzle' to put together for those of us who are paying attention to national and international events and listening to what God is telling us and reminds us at the start of the 2nd video that the Russians have a top-secret plasma weapon at their disposal, a weapon that RT calls a 'superlaser' and likely Tesla oriented scalar-weapons.








DS: To all of my readers who have faithfully followed me over the years, I bid you a fond farewell. I commend you to God who is able to save you from all adversity and deliver an eternal inheritance to all those that believe and obey. I am glad that I was able to be of service to some and warn some and point some toward God and His Son. I pray that the remnant will be big and strong and not fear to stand and have the faith to claim this nation back.










Jude 1:24 Now unto him that is able to keep you from falling, and to present you faultless before the presence of his glory with exceeding joy,
25 To the only wise God our Saviour, be glory and majesty, dominion and power, both now and ever. Amen.




Ecclesiastes 7:8 Better is the end of a thing than the beginning thereof










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










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










Quote:



Gold: $1152.60 up $0.50 (Comex closing time)


Silver: $15.48 down 1 cent (Comex closing time)




In the access market 5:15 pm:


Gold $1158.00
Silver: $15.64













Thursday, Mar 12th Gold and Silver Action (basis 1:30 PM EST)


http//harveyorganblog.com/




















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










In Silver:




Quote:

Silver OI rose by an extremely high 2,745 contracts from 171,957 up to 174,702 despite the fact that silver was up by only 8 cents with respect to yesterday’s trading. We are now in the active contract month of March and here the OI rose by 4 contracts up to 844. We had 3 contracts served upon yesterday. Thus we gained 7 contracts or an additional 35,000 oz will stand in this March delivery month.





In Gold:




Quote:

The total gold Comex open interest rose by a wide margin of 6,799 contracts today from 417,636 up to 424,435 even though gold was down by $1.40 yesterday (at the Comex close). We are now in the contract month of March which saw it’s OI remain constant at 130. We had 0 notices filed on yesterday so we neither gained nor lost any additional gold oz standing for delivery in this delivery month of March. The next big active delivery month is April and here the OI rose by 253 contracts up to 217,548. The estimated volume today (which is just Comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 68,064.





Volume




In Silver:




Quote:

The estimated volume today was simply awful at 9,351 contracts (just Comex sales during regular business hours. Something scared our HFT boys today. The confirmed volume on yesterday (regular plus access market) came in at 36,526 contracts which is fair in volume. We had 35 notices filed for 175,000 oz today.





In Gold:




Quote:

The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was poor at 199,009 contracts. Today, I wonder what happened to our HFT boys…probably scared off with the lawsuit filed. 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 withdrawals:
Total dealer withdrawal: nil oz


We had 2 customer deposits:
i) Into CNT; 600,277.738 oz
ii) Into Delaware: 1935.100 oz.
Total customer deposit: 602,112.828 oz


We had 4 customer withdrawals:
i) Out of Brinks: 271,038.23 oz
ii) Out of Scotia: 660,653.04 oz
iii) Out of Delaware: 12,651.59 oz
iv) Out of HSBC: 493,715.85 oz
Total withdrawals: 1,438,058.71 oz


We had 1 adjustment:
i) out of Delaware: 30,153.31 oz was adjusted out of the customer and this landed into the dealer account of Delaware;


Total dealer inventory: 68.859 million oz.
Total of all silver inventory (dealer and customer) 176.346 million oz





In Gold Inventory:




Quote:

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


We had 1 customer withdrawal: (and the farce continues)
i) Out of Scotia: 68,035.745 oz.
Total customer withdrawal: 68,035.745 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 35 contracts for 175,000 oz.





In Gold:




Quote:

Today, 0 notices was issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contracts of which 0 notices were stopped (received) by JPMorgan dealer and 0 notices were stopped (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 March, we take the total number of notices filed for the month so far at (1770) x 5,000 oz = 8,850,000 oz to which we add the difference between the open interest for the front month of March (844) and the number of notices served upon today (35) x 5000 oz equals the number of ounces standing.


Thus the initial standings for silver for the March contract month:
1770 (notices served so far) + { OI for front month of March (844) - number of notices served upon today (35) x 5000 oz} = 12,895,000 oz standing for the March contract month.
We gained 7 contracts or an additional 35,000 oz will stand for delivery in March.





In Gold:




Quote:

To calculate the total number of gold ounces standing for the March contract month, we take the total number of notices filed so far for the month (5) x 100 oz or 500 oz , to which we add the difference between the open interest for the front month of March (130) and the number of notices served upon today (0) x 100 oz equals the number of ounces standing.


Thus the initial standings for gold for the March contract month:
No of notices served so far (5) x 100 oz or ounces + {OI for the front month (130) – the number of notices served upon today (0) x 100 oz} = 13,500 oz or.4199 tonnes
We neither gained nor lost any gold ounces standing in this delivery month.


Total dealer inventory: 656,644.474 oz or 20.424 tonnes.
Total gold inventory (dealer and customer) = 8.078 million oz (251.28 tonnes)





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Select Commodity Prices




The Bloomberg Baltic Dry Index (BDI) was 560.00, down 0.88%. WTI April crude was 45.08 down 1.88. Brent crude was 54.49 down 2.59. The spread between Brent and WTI was 9.41 down 0.71. The 30 year US Treasury bond was up 0.0200 at 2.7000. The 10 year T-Note was up 0.0100 at 2.1100. The dollar was up 0.98 at 100.20. The PPT/Dow was 17749.31 down 145.91. Silver closed at 15.65 up 0.09. The GSR was 74.0064 down 0.0746 oz of silver per oz of gold. CIA's Facebook was 78.05 down 0.88 (1.11%). May wheat was down 5.25 at 502.000. May corn was down 8.00 at 380.50. April lean hogs were up 0.000 at 62.300. April feeder cattle were up 0.975 at 212.900. May copper was down 0.001 at 2.659. April natural gas was up 0.000 at 2.734. May coal was down 0.15 at 51.98.




Thank you for reading the Harvey Report!










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




Goooood day!




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Fri, Mar 13, 2015 - 10:35pm
Mr. Fix
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DayStar, you will be missed.

I just caught your farewell at the end of tonight's post, and once again, I'd like to compliment you on the work you have done here, it has always been a very good read.

You've always done a much better synopsis of the days events than Harvey Organ himself, and I sincerely hope you can continue to offer some analysis in some way.

Like many, I suspect that the events we've been anticipating are imminent.

I wish you the very best of luck.

May God be with you.

"When the student is ready, the teacher will appear."
Sat, Mar 14, 2015 - 12:34am DayStar
Nick Elway
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Daystar, thanks for all you

Daystar, thanks for all you have done here. God and his Son be with you wherever you are called.

Sat, Mar 14, 2015 - 12:34am DayStar
Nick Elway
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Daystar, thanks for all you

Daystar, thanks for all you have done here. God and his Son be with you wherever you are called.

Sat, Mar 14, 2015 - 1:52am
flyinkel
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Safe Travels DayStar!

Please check in to let us know you arrived safely. Thanks for your tireless efforts, so wise, so helpful, you have been such an inspiration and blessing to all. Live your love, love what you do, what a wonderful adventure awaits you, too few dare to be so brave to set their love alive.

The True Peace

The first peace, which is the most important,
is that which comes within the souls of people
when they realize their relationship,
their oneness, with the universe and all its powers,
and when they realize that at the center
of the universe dwells Wakan-Taka (the Great Spirit),
and that this center is really everywhere, it is within each of us.
This is the real peace, and the others are but reflections of this.
The second peace is that which is made between two individuals,
and the third is that which is made between two nations.
But above all you should understand that there can never
be peace between nations until there is known that true peace,
which, as I have often said, is within the souls of men.

Black Elk, Oglala Sioux & Spiritual Leader (1863 - 1950)

flyinkel
Sat, Mar 14, 2015 - 3:56am DayStar
Spartacus Rex
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Thank You DayStar...

DayStar wrote:

DS: To all of my readers who have faithfully followed me over the years, I bid you a fond farewell. I commend you to God who is able to save you from all adversity and deliver an eternal inheritance to all those that believe and obey. I am glad that I was able to be of service to some and warn some and point some toward God and His Son. I pray that the remnant will be big and strong and not fear to stand and have the faith to claim this nation back.


Jude 1:24 Now unto him that is able to keep you from falling, and to present you faultless before the presence of his glory with exceeding joy,
25 To the only wise God our Saviour, be glory and majesty, dominion and power, both now and ever. Amen.


Ecclesiastes 7:8 Better is the end of a thing than the beginning thereof



Goooood day!

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for your selfless, tireless efforts.

May the Good LORD Bless your endeavors, and Keep you Always, as I will likewise keep you in my prayers.

Psalm 20: 4-5

Be Gold DayStar

Cheers & Semper Fi

S. Rex

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