A2A with Chris Powell of GATA

85

Chris Powell and Bill Murphy formed the Gold Anti-Trust Action Committee in 1998 and they've been stalwart allies in the fight against gold price suppression and manipulation ever since. What a pleasure it was today to get caught up with Chris and get his thoughts on the current state of the global market for gold.

As you listen, you'll quickly be reminded that Chris is still one of the most informed and well-spoken advocates for our cause. Over the course of this webinar, he addresses a number of current issues including:

  • the most important lesson he's learned in the 20 years he's followed the gold market
  • the strange occurrence of SecTreas Mnuchin visiting Ft Knox and the equally strange television interview of Terry Duffy, the CEO of the CME Group
  • whether the US government would financially benefit from revaluing the price of gold
  • how physical demand will paly a role in finally ending the tyranny of the central banks and bullion banks
  • and much, much more!

Please be sure to give this discussion a thorough listen as you are almost certainly going to learn a few things that you didn't previously know. And then, when you're finished, please click over to the GATA site and send them some financial support. Their efforts are tireless and we need to ensure that they remain on our side in this fight. https://www.gata.org/node/16

TF

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infometron
Sep 1, 2017 - 6:44pm

@Turd Re Actual CoT Data

So if my cypherin' is right, I reckon the commercials shorted ~50% more gold than was mined world wide last week. Over $3.6B worth! Even worse, they naked shorted almost 400% of all the silver mined world wide last week! Almost $1B worth! All created ex nihilo, out of nothin'! Nada, zilch, zero!

The commercials wear no clothes! They're buck naked!

TF
Sep 1, 2017 - 3:42pm

Actual CoT data

Only a "market" that is 100% and totally manipulated is this easily predictable.

Gold "Commercials" up 28,000 NET short.

Silver "Commercials" up 10,500 NET short.

Markedtofuture
Sep 1, 2017 - 3:11pm

The Rest

Only In California: Sacramento To Pay Gang Bangers If They Stop Killing People

Not The Onion!

McCain Returns To D.C. With A Bang; Blasts "Inexperienced, Poorly Informed, Impulsive" Trump

"Congress must govern with a president who has no experience of public office, is often poorly informed and can be impulsive in his speech and conduct. We must respect his authority and constitutional responsibilities. We must, where we can, cooperate with him. But we are not his subordinates."

FBI, DHS Officially Classify Antifa Activities As "Domestic Terrorist Violence"

"It was in that period [as the Trump campaign emerged] that we really became aware of them. These antifa guys were showing up with weapons, shields and bike helmets and just beating the shit out of people. They’re using Molotov cocktails, they’re starting fires, they’re throwing bombs and smashing windows.”

https://www.zerohedge.com/

KeynesianKryptonite
Sep 1, 2017 - 11:46am

Re: I must admit -- The patient is dying . . .

When the trauma team (aka "G3") finally figures out that their progressively larger doses of epinephrine are no longer working, and their FOREX manipulation can no longer prop the fakenstein markets; their patient will long have been a cold and dead piece of protoplasm.

(L/R: Fellen, Count Draghi, Kuroda and "Prince of the Watchtower" Turd)

AGXIIK
Sep 1, 2017 - 11:46am

Did we see a little bitty flash crash dash--bouncing off $1,329?

Listening to the boob tube debates of how corporate rates must be dropped to 15%, (they're 20% on average now), giving middle class a tax break (the middle class doesn't pay income tax, they tithe pay roll taxes in the form of SS & Medicare taxes) and a tiny tax cut for the top 1% (with claw backs done by reducing deductions of state and local taxes), all that talk about tax cuts is total and unutterable bullshit.

Sometimes you have to hear it several times in context of other factors that we talk about on TFMR before the understanding gels.

Being a fatuous gasbag, I will utter the unsaid; the unspoken; the thing who's name must never be spoken. There is fuck all the USG can, will and is willing to do about the taxes, tax rates, revenue enhancers and the burden placed on the American people by the tax gulag slave masters in DC. The last stab at some tax equity was in Reagan's era and it was gutted in a New York Second.

It was passed in 1986 and called The Tax Equity and Fiscal Responsibility Act.

HAHAHHAHHAHAHAHA. I just wet myself, it's so funny.

If there was a tipping point that set us on our present course it was this clusterbungle of pork barrelling tax schemes and gimmicks. It smashed the S&L industry and set in place the Tax Inequity and Fiscal Irresponsibility course of action that brings us to our present divide.

Some economically twisted dunderhead comes out and says that we have to have tax reform to get back to 5% growth. "That's the only way we can deal with the $20 trillion deficit" say he.

When a country has $20 trillion in debt, growing debt by $ 3 trillion a year by GAAP accounting, with debt being printed to pay the interest on the last tranche of debt printed to pay the interest on the last blob of debt that was printed in 1972, pretty soon the specious argument of growth cures all ills falls on deaf ears.

The only growth industry is debt and FIAT printing. That growth industry is controlled by TBTF banks and central banks. Everything else is not so polite conversation. Pretty much everything else is the art of furniture relocation on sinking cruise ships.

I'm not trying to be negative even if this sounds negative. I do not know how long this charade can continue but seeing how things are going politically; how things are going economically and difficulties seen in the homes and neighborhoods of just us folks, it appears that this house divided against itself is going to have some trouble standing. If Houston is any indicator of the present conditions in the US this is almost a biblical comeuppance

There is another growth industry I forgot to mention.

The pharmaceutical companies making SOMA, pain medications and mood enhancers are doing quite well. Apparently there's a shortage of zombies These companies are running 24/7 to fill the streets with the undead.

Give me a dram for a damn.

I wonder if Big Pharma will get the biggest tax breaks? They are one of the few businesses that can say, with a huge note of irony, "Mission Accomplished"

I do appreciate the news that Trump made a personal donation of $1,000,000 to aid the people of Houston. Will Buffet, Bloomberg or Gates match that?

Mickey
Sep 1, 2017 - 11:43am

jobs little detail

first, we have to remind ourselves that the jobs report is bs-baloney sausage

how the hell can they have a report at 8:30 et 9/1 with data. correct no less, from 9 hours before (less time in Hawaii or Alaska)

but a detail missed--average workweek fell by .1 hours , per week

thats small, huh?

now when you consider there are 153 million people working, allegedly, who just lost .1 hours a week, or 5.2 hours a year

whats 153 million at 5.2 hours a year on average-almost 800,000,000 per year hours and if the average work week is 35 hours, or 1830 hours per year, then we have quietly lost the equivalent of over 400,000 jobs and nobody is reporting that.

but then again, none of the numbers make sense.

imfd
Sep 1, 2017 - 11:22am

I`m going to write a song about all this

But does anyone have words that rhyme with "banana" or "republic" ? I`m having difficulty there.

TF Metals fan
Sep 1, 2017 - 11:20am

And don't forget...

The CoT is going to SUCK big time. Maybe a 50,000 contract move in CDG and up to 10,000 in CDS.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

simjojim
Sep 1, 2017 - 11:03am
ArtL
Sep 1, 2017 - 11:02am

By now this volatility is just a great show

the weak hands have long since sold all their PM because they easily get motion sickness. The violent gyrations in Ag price are a sign that a terrific fight is taking place just behind the curtain. These signs are pointing to what?

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Key Economic Events Week of 9/14

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9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
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Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
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9/3 12:30 ET Goon Evans
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Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
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Key Economic Events Week of 7/20

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7/22 10:00 ET Existing home sales
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Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
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7/15 8:30 ET Empire State and Import Price Idx
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7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
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