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At Least 139 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

zerohedge.com / by Tyler Durden / Sep 19, 2017 2:32 PM

Update 9 (9:10 pm ET): The head of Mexico’s National Civil Defense agency says the death toll from a major earthquake that rattled the center of the country has reached 139.

Luis Felipe Puente said 64 people had died in the state of Morelos, just south of Mexico City, though local officials reported only 54.

In addition, 36 people died in Mexico City, 29 in Puebla state, nine in the State of Mexico and one in Guerrero.

Update 8 (7:15 pm ET): Death toll from Mexico earthquake now at 119, according to state and city officials.

That makes it the deadliest to hit the country since the 1985 quake that, in an incredible coincidence, occurred exactly 32 years ago today, surpassing the death toll from another earthquake the shook the region less than two weeks ago.

* * *

Update 7 (6:50 pm ET): Mexico City government says 30 dead in capital, bringing nationwide total to 94, according to AP.

Mexico City Mayor Miguel Angel Mancera said that the number of buildings that collapsed has risen to 44, and that between 50 and 60 people have been pulled alive from rubble.

Horrifying videos of buildings crumbling into piles of rubble continue to emerge on Twitter

READ MORE

Stocks and Precious Metals Charts – FOMC Tomorrow – One Step Enough For Me

jessescrossroadscafe.blogspot.com / 19 SEPTEMBER 2017

“That’s just the way: a person does a low down thing, and then he don’t want to take no consequences of it. Thinks as long as he can hide it, it ain’t no disgrace.”

Mark Twain, The Adventures of Huckleberry Finn

“Beware the fury of a patient man.”

John Dryden, Absalom and Achitopel

Janet and her Merry Pranksters at the Fed will be making their latest interest rates announcement from their two day September meeting tomorrow at 2 PM.

The SP 500 continues to dribble higher, while the tech heavy Nas 100 is now chopping sideways.

I don’t have any short positions on at the moment.  There would be an event-driven drop no doubt, although the markets managed to shake off quite a bit of ‘risky’ news at the end of last week.

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Fed to Launch Quantitative Tightening – Should You Be Worried?

financialsense.com / MATTHEW KERKHOFF / 09/19/2017

Expectations are currently that the Federal Reserve will announce plans to begin unwinding its balance sheet this Wednesday. When you consider that the Fed currently owns around 29% of the market for mortgage-backed securities and 17% of the market for Treasuries, you might be tempted to scream OMG!

But before you do, recognize that plans have been in place for this for quite some time, and the market has already had plenty of time to react. Not only that, but the Fed will continue to take the same “steady as she goes” attitude that has been a hallmark of Janet Yellen’s time as Fed chair.

Back in June, the Fed outlined how this process would likely unfold. They will begin by allowing $10 billion of assets ($4 billion of mortgages and $6 billion of Treasuries) to roll off the balance sheet each month. As time goes by, assuming the economy and financial markets don’t throw too big a fit, the roll-off amounts will continue to rise, up to a maximum of $50 billion per month.

One thing that’s important to understand is that during this process, the Fed will not actually sell any bonds. Instead, they will simply allow bonds to mature, and not reinvest the proceeds. This means that the incremental effect to the mortgage and Treasury markets should be mild, and not represent the “severe tightening” that some analysts are making it out to be.

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Beware – the Equifax Scams Are Coming

wolfstreet.com / by Wolf Richter / 

Here are some of the scams – and how to protect yourself.

OK, this had to happen. It’s not a surprise. It’s just a fact of life. We live in a world of scammers, and when there is a crisis, for them, there’s opportunity. There are scams and frauds to take advantage of any crisis, its victims, and people trying to do the right thing. The Equifax hack is no exception. And the scams have already started.

“Don’t panic. But be vigilant,” suggests Susan Grant, director of consumer protection and privacy at the Consumer Federation of America. “With this breach, criminals have everything they need to victimize you.”

I normally don’t post articles about consumer scams. But the Equifax hack has made 143 million Americans more vulnerable. So here are some of the scams you might encounter … and how to deal with them.

Equifax isn’t calling. Someone else is.

“This is Equifax calling to verify your account information.” When you hear this on the phone, hang up, says Lisa Weintraub Schifferle, Attorney at the Federal Trade Commission.

“Don’t tell them anything,” she says. “They’re not from Equifax. It’s a scam. Equifax will not call you out of the blue.”

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“16-Foot Storm Surges, 500 Miles Of Coastline Flooded” Here’s What A Category 5 Hurricane Would Do To NYC

zerohedge.com / by Tyler Durden / Sep 19, 2017 5:35 PM

Luckily for residents of New Jersey, New York and New England, Hurricane Jose isn’t expected to pass close enough to the northeastern US coast during its journey north through the Atlantic to cause any real damage.  While the National Hurricane Center has warned that the category one storm is expected to cause “dangerous surf and rip currents” along the east coast for a few more days, the region will thankfully be spared the devastation of Sandy, which battered areas with comparatively tame 80 mph winds. By comparison, Irma battered Puerto Rico with gusts of up to 135 mph.

However, the narrow miss – particularly given the sheer destruction wrought by Hurricanes so early in the season – has prompted some to wonder: What would happen if New York City had to face the worst possible scenario: A category 5 storm making landfall in the city.

According to Bloomberg, it’s unlikely that a hurricane would be able to maintain category 5 status while traveling that far north, given sea temperatures and weather patterns. But as the boundaries of what’s scientifically possible are constantly in flux, this reality is not out of the question.

Indeed, rising sea waters are forcing meteorologists and emergency managers to consider scenarios they once believed were improbable. The water level around New York is 1.1 feet higher today than in 1900 and could increase as much as 2 feet more by 2050.

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Banning ‘Hate Speech’ in America Will Only Make It More Popular

libertyblitzkrieg.com / Michael Krieger /  

Liberty is meaningless where the right to utter one’s thoughts and opinions has ceased to exist. That, of all rights, is the dread of tyrants. It is the right which they first of all strike down. They know its power. Thrones, dominions, principalities, and powers, founded in injustice and wrong, are sure to tremble, if men are allowed to reason…There can be no right of speech where any man…[is] compelled to suppress his honest sentiments. Equally clear is the right to hear. To suppress free speech is a double wrong. It violates the rights of the hearer as well as those of the speaker.”

– Frederick Douglass

A recent survey conducted by the Brookings Institution adds to my already festering concerns about American attitudes when it comes to our most precious civil liberty. Free speech.

Let’s start out by highlighting some of what we learned. First, via an opinion piece in The Washington Post:

Here’s the problem with suggesting that upsetting speech warrants “safe spaces,” or otherwise conflating mere words with physical assault: If speech is violence, then violence becomes a justifiable response to speech.

Just ask college students. A fifth of undergrads now say it’s acceptable to use physical force to silence a speaker who makes “offensive and hurtful statements.”

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The Last Time We Saw This, This Overlooked Metal Tripled in Value

caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / September 19 2017

China just triggered an explosive rally.

It began two weeks ago when the Chinese government made a historic decision. In short, it announced that it wants to ban the production of gas-powered vehicles.

Instead, it wants to supercharge its electric vehicle (EV) market. The government hopes these “cleaner” vehicles will help fix China’s pollution problem and make its cities more livable.

Many EV stocks jumped on the news:

  • BYD, China’s electric car market leader, shot up 8% last Monday.
  • BYDBAIC, another Chinese electric car company, rose nearly 3%.
  • Even Tesla, the largest U.S. electric carmaker, rallied on the announcement. It ended last Monday up 6%.

These are big moves. But there’s an even more explosive rally that China triggered last week.

Very few people are talking about this. But these companies could turn out to be an even better way to profit from the EV revolution.

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Fedex Tumbles After Missing Revenue, EPS, Guiding Lower; Blames Hackers, Harvey

zerohedge.com / by Tyler Durden / Sep 19, 2017 4:57 PM

The earnings season is starting off on the back foot for global trade as moments ago, the company considered the world’s logistics bellwether, Fedex, reported revenue and earnings that both missed badly.

For the first quarter ended August 31, FedEx reported adjusted earnings per share of $2.51, that not only missed but also missed the lowest analyst estimate of $2.87 (going up as high as $3.20) and certainly the consensus of $3.00.  Of course, on a GAAP basis the number was far worse, just $2.19 in Q1. The first quarter earnings was a 11% drop from the $2.82 adjusted EPS reported a year ago. Fedex also reported Q2 revenue of $15.3 billion, an increase from $14.7 billion a year ago, but a miss to the $15.4 billion consensus estimate.

But wait, it gets better because while traditionally one-time, non-recurring items would be excluded from non-GAAP EPS, the reason for the huge miss is that while FedEx was happy to add back everything else, it decided not to do that to the real one-time items, such as Hurricane Harvey and the June 27 hack. Instead, FedEx blamed these for reducing non-GAAP EPS by $0.79 and $0.02 respectively, or a total of $0.81. In other words, if one were to use Non-Non-GAAP or also known as “super bullshit EPS”, Fedex earnings would be $3.32/share… when in reality they were $2.19. No surprise then that the market appears “cheap” when using non-GAAP numbers: they are all utter garbage.

Just as ironic, while Fedex said most TNT Express services resumed during the quarter and substantially all TNT Express critical operational systems have been restored; however, TNT Express volume, revenue and profit “still remain below previous levels”… as if the hack had nothing to do with this particular structural decline

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Stocks and Precious Metals Charts – On the Daedalian Wings of Paper Money and Corrupted Power

jessescrossroadscafe.blogspot.com / 18 SEPTEMBER 2017

“The conventional wisdom seems to be that the problems of the euro zone are, as economist Martin Feldstein once put it, ‘the inevitable consequence of imposing a single currency on a very heterogeneous group of countries.’

What this commentary gets wrong, however, is that single currencies are never the product of debates about optimal economic solutions. Instead, currencies like the U.S. dollar itself are the result of political battles, where motivated actors try to centralize power.

This has most often occurred ‘through iron and blood,’ as Otto van Bismarck, the unifier of Germany put it, as a result of catastrophic wars. Smaller geographic units were brought together to build the modern nation state, with a unified fiscal system, a common national language that was often imposed by force, a unified legal system, and, a single currency. Put differently, war makes the state, and the state makes the currency….

European leaders weren’t stupid or self indulgent when they decided to move ahead with the euro, without fiscal union or strong Europe-level democracy. They just cared more about politics and international security than economics. They wanted to build a Europe that had transcended the divisions of the Cold War, and bind together Germany, which was reunited and much more powerful, with the rest of Europe.”

Kathleen McNamara, This is what economists don’t understand about the euro crisis – or the U.S. dollar

“Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.

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China Cant Stop Bitcoin… And Why Gold Bugs Need To Get Woke On Cryptocurrencies

The Dollar Vigilante, Published on Sep 19, 2017

Jeff is interviewed by Elijah Johnson for The Silver Doctors, topics include: the Chines shutdown of Bitcoin, Bitcoin is unstoppable, ICO’s, price volatility, the inevitable destruction of central banks, the collapse of the US dollar, a new system that renders the old system obsolete, gold and silver still to take off, sound money.

Gun Stocks Soar On Report Trump Set To Ease Export Rules

zerohedge.com / by Tyler Durden / Sep 19, 2017 3:50 PM

In a week in which the MIC already scored big with Monday’s sale of Orbital, today it was the NRA’s turn to rejoice, when gun stocks soared on a Reuters report that the Trump administration was preparing “to make it easier for American gun makers to sell small arms, assault rifles and ammunition” to foreign buyers. The stocks of Ruger, Smith & Wesson and American Outdoor brands have all soared by as much as 18% on the news.

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Russian Collusion: Hillary Clinton Invited Vladimir Putin To “Pay For Play” Event

shtfplan.com / Mac Slavo / September 19th, 2017

n newly released emails which the mainstream media is willfully ignoring, Hillary Clinton invited Russian president Vladimir Putin to a Clinton Foundation event. The Russian collusion between Hillary Clinton is becoming very apparent.

Hillary Clinton likes to talk a tough game about Russian President Vladimir Putin. And she likes to put him on the list of those at fault for her loss in the election last November to Donald Trump. But that didn’t stop her from inviting him and other top Russian officials to a Clinton Foundation gala right after she became Secretary of State.

Clinton Foundation director of foreign policy Amitabh Desai sent dozens of invitations to world leaders including then-Russian Prime Minister Vladimir Putin, Russian President Dmitry Medvedev, and Former President of the Soviet Union Mikhail Gorbachev, emails recently obtained by Judicial Watch revealed.

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More Thoughts on Trump’s UN Declaration of War Against Iran and North Korea

paulcraigroberts.org / Paul Craig Roberts / September 19, 2017 

Trump’s UN speech makes it clear that Trump’s presidency, in terms of his campaign promise to remove Washington from the “policeman of the world” role, exit the Middle East, and repair the damaged relations with Russia, is over. The CIA and the military/security complex are in full control of the US government. Trump has accepted his captivity and his assigned role as the enforcer of Washington’s hegemony over every other country. Washington uber alles is the only foreign policy that Washington pursues.

At the UN Trump actually threatened to wipe North Korea off of the face of the earth. He added to this threat threats against Venezuela (http://stephenlendman.org/2017/09/trump-threatens-venezuela/) and Iran. He demonized these countries as “rogue states,” but it is Washington that is playing that role. Washington has destroyed in whole or part eight countries in the young 21st century and has 3 to 5 more in its crosshairs.

One question is: why did not the UN audience shout Trump down, a man standing before them telling obvious lies? The answer, of course, is money. The US taxpayers pay roughly one-quarter of the UN’s annual budget, leaving the other 130+ countries a light load. Washington is succeeding in driving the world to Armageddon, because the world’s leaders prefer money to truth, to justice, to survival. The UN diplomats see in their cooperation with Washington the opportunity to make money by sharing in the West’s exploitation of their own countries.

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WTI/RBOB Jump After Smaller Than Expected Crude Build

zerohedge.com / by Tyler Durden / Sep 19, 2017 4:37 PM

After last week’s record-breaking draw in Gasoline stocks, and big crude build, the noise from Harvey and Irma disruptions continues to add volatility to the data. API reported a smaller than expected crude build and bigger than expected gasoline (and distillates) draw sent prices for both WTI and RBOB higher.

API

  • Crude +1.43mm (+3.9mm exp)
  • Cushing +420k (+900k exp)
  • Gasoline -5.063mm (-2.13mm exp)
  • Distillates-6.13mm

A smaller than expected crude build and considerably bigger than expected draws in gasoline and distillates…

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Gold Ownership: A Golden Wave

news.goldseek.com / By Stewart Thomson, Graceland Updates / 19 September 2017 

  1. Several weeks ago, I surprised most investors by issuing my “Book Profits Now!” call for the precious metals asset class.
  2. When I did so, head and shoulders top formations immediately formed on gold and GDX, and prices have swooned.
  3. Rumours of a sudden drop in Indian dealer demand appeared to become a concern for commercial traders on the COMEX.
  4. India’s monsoon season has turned out to be a bit of a “bust”, with both flooding and drought.  Farmers buy gold with a portion of their crop profits.  With only another week or two left in the monsoon season, crop sales may not be very good.
  5. Of further concern to me was the fact that the demand drop was occurring as gold arrived at the $1352 resistance zone.  That resistance was created by Modi’s cash call-in that took place in November of 2016.
  6. The upcoming Fed meeting will probably mark the end of the decline related to those concerns, but there could be additional weakness until the next US jobs report is released.
  7. Please click here now.  Double-click to enlarge.
  8. For investors, this gold chart tells the entire tactical story.  The $1270 – $1260 area is the target of the H&S top pattern.
  9. Investors should use a two-pronged strategy to profit from the coming rally that should take gold back to the “Call-In Day” resistance around $1352.
  10. I’ve outlined the $1315 – $1295 price area as the first key buy zone.Eager accumulators can buy right now.

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Amtrak lied to travel agents who questioned ID requirements

papersplease.org / Sept 19, 2017

The encouraging disclosure in the latest installment of documentsreleased by Amtrak in response to one of our Freedom Of Information Act (FOIA) requests is that some travel agents resisted Amtrak demands that they collaborate in surveillanceprofiling, and control of train travelers by entering passport or ID numbers and details in each reservation for cross-border Amtrak travel.

According to an email message to Amtrak from a product manager at Worldspan (one of the major computerized reservation systems), “We have one subscriber [i.e. a travel agency that uses Worldspan] that has checked the Federal Register and is quoting ‘chapter and verse’ that it is not mandated … to provide the data”:

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Bank Stocks, Bullion, & Bond Yields Jump Ahead Of Fed As Small-Cap VIX Hits Record Low

zerohedge.com / by Tyler Durden / Sep 19, 2017 4:03 PM

up…

While Small Caps and Trannies ended red, the other major indices held on to gains (record highs for Dow, S&P), though Mexico City’s quake took some shine off in ther afternoon…

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Oil Prices Today Are Finally Rebounding and Will Hit This Target Before 2018

wallstreetexaminer.com / by Dustin Parrett • 

Oil prices today (Tuesday, Sept. 19) are trading above $50 a barrel, which puts oil on track for its highest closing price since July. And we predict oil prices will head even higher before the end of the year, too…

WTI crude oil prices are trading at $50.26 a barrel today and are up 3.5% since just last week, when they opened at $48.23 on Thursday.

Oil prices continue to rebound after Hurricanes Harvey and Irma wiped out demand across the southeast United States. The destruction of pipelines, refineries, and commerce across Florida and the Gulf Coast region meant oil pumped out of the ground was being stored instead of used. That boosted supplies and lowered prices. Commercial crude supplies rose 2.2% between the weeks of Aug. 25 and Sept. 8.

Oil prices fell 4% between Aug. 25 and Aug. 30 as Hurricane Harvey made landfall in Texas, and they fell 3.2% between Sept. 7 and Sept. 12 as Irma barreled through the Caribbean and Florida.

Oil prices have struggled to stay above the $50 a barrel mark this year, despite OPEC renewing its oil production cut in May.

But our oil price forecast shows oil prices will continue to rise in 2017, and one important oil price indicator shows it’s about to happen soon…

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US Jets Dropped Live Bombs On Korean Peninsula In Massive Show Of Force

shtfplan.com / Mac Slavo / September 19th, 2017

It’s becoming apparent that the United States is getting frustrated with the continued nuclear tests done by North Korea. And to prove it, they dropped live bombs on the Korean Peninsula.

The Pentagon deployed a formation of 14 bombers and fighters over the Korean Peninsula on Sunday. This blatant show of force also included South Korean and Japanese aircraft. This most recent deployment of jets was in response to a missile launched over Japan on Thursday. The missile was the cause for much concern in Japan, and warnings were sent out to those who live on the island.

The warplanes were dispatched after North Korea launched a ballistic missile over northern Japan on Thursdaytriggering a widespread emergency alert for those who call the region home. Two Air Force B-1B bombers from Andersen Air Force Base in Guam and four Marine Corps F-35B fighters from Iwakuni, Japan, combined with four South Korean F-15K fighters and four F-2 Japanese fighters, U.S. defense officials said. –Washington Post

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At Least 119 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

zerohedge.com / by Tyler Durden / Sep 19, 2017 2:32 PM

Update 8 (7:15 pm ET): Death toll from Mexico earthquake now at 119, according to state and city officials.

That makes it the deadliest to hit the country since the 1985 quake that, in an incredible coincidence, occurred exactly 32 years ago today, surpassing the death toll from another earthquake the shook the region less than two weeks ago.

* * *

Update 7 (6:50 pm ET): Mexico City government says 30 dead in capital, bringing nationwide total to 94, according to AP.

Mexico City Mayor Miguel Angel Mancera said that the number of buildings that collapsed has risen to 44, and that between 50 and 60 people have been pulled alive from rubble.

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What Happens When Inflation Walks In?

news.goldseek.com / By Market Anthropology / 19 September 2017

If you watch and participate in markets long enough – and no, we’re not talking about, “On a long enough timeline…” – you’ll appreciate or get bitten (as we certainly have from time to time) by the sardonic irony that often becomes exposed by a market’s cycle. Consider Mohamed El-Erian’s “New Normal” market strategy, that aimed at the start of this decade to capture the anticipated outperformance of emerging over developed markets. Bear in mind that the phrase has stuck around since then, despite the fact that it was largely a narrative for a poor investment strategy.

What happened? El-Erian and Gross were prescient in inventing the term “new normal” to describe a very slow-growing global economy with heightened risks of recession, as befell much of Europe. But they were dead wrong in predicting that emerging markets would provide outsize stock returns, and they were wildly off base in their notion that developed-market stock returns would be deeply depressed. Emerging market stocks have stumbled since 2011, and emerging market bonds have lost ground this year. Meanwhile, developed-world stock markets have soared. The fund’s use of options and other techniques to hedge against “tail risk”—which essentially means insuring against extremely bad markets—has also surely cost the fund a little in performance. – Kiplinger, November 14, 2013

Not to overly pick on El-Erian here, who is typically a very thoughtful and creative macro thinker – not to mention many of his new normal predictions did prove prescient, with the very large exception of rising inflation that would have likely driven a successful investment strategy – not just a convenient catch phrase… but, ironically, it appears his timing earlier this year of calling for an end of the new normal, as selectively revisionist as they paint it, might provide a fitting bookend to the market’s wry sense of humor.

Eight years later – and instead of just getting slow growth right in a developed economy like the US, as he initially suggested in May 2009, his other two major tenets of rising inflation and rising unemployment might eventually be realized domestically in the economy’s next chapter. In fact, from our perspective it seems more likely than not.

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SEPT 19/GOLD AND SILVER HOLD: GOLD UP 15 CENTS AND SILVER UP 10 CENTS/GLD INVENTORY ADVANCES ANOTHER 2.07 TONNES/GIANT EARTHQUAKE HITS CLOSE TO MEXICO CITY/HURRICANE MARIE, A CAT 4 IS HEADING STRAIGHT FOR PUERTO RICO/

harveyorganblog.com / by harveyorgan / September 19, 2017

GOLD: $1307.50 UP $0.15

Silver: $17.24 UP 10 CENT(S)

Closing access prices:

Gold $1311.00

silver: $17.30

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1313.30 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1307.00

PREMIUM FIRST FIX: $6.30

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1315.17

NY GOLD PRICE AT THE EXACT SAME TIME: $1308.60

Premium of Shanghai 2nd fix/NY:$6.57

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX: 5:30 am est $1308.45

NY PRICING AT THE EXACT SAME TIME: $1308.70

LONDON SECOND GOLD FIX 10 AM: $1309.60

NY PRICING AT THE EXACT SAME TIME. 1310.30

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)

For silver:

SEPTEMBER

133 NOTICES FILED TODAY FOR

665,000 OZ/

Total number of notices filed so far this month: 5,810 for 29,050,000 oz

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These 3 Democrats Think “Sputnik Radio” Crushed Hillary’s Campaign… But There’s A Catch

zerohedge.com / by Tyler Durden / Sep 19, 2017 3:20 PM

Just when you thought the ‘Russian collusion’ narrative couldn’t get any more surreal, 3 House democrats decide to write a letter to the FCC which can only be described as ‘criminally stupid’ and even that seems generous.

According to the letter, signed by Representatives Anna Eshoo (D-CA), Mike Doyle (D-PA) and Frank Pallone (D-N.J), Sputnik Radio, “a radio network funded by the Russian government, was used as part of the Kremlin’s effort to influence the 2016 presidential election.”  As such, these 3 democrats demand that the FCC launch an investigation into Sputnik Radio.

And while it may only seem ‘marginally stupid’ to suggest that propaganda from a Russian-operated radio station might outweigh the $1.2 billion that Hillary spent on her campaign and/or all of the propaganda spewed by the mainstream media,the argument goes full “criminally stupid” when you realize that Sputnik Radio didn’t even start broadcasting in the U.S. until June 2017 (which is about 8 months AFTER the 2016 presidential election…for anyone who may have missed the nuance there).

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Legendary Short Seller On Gold, Wednesday’s News From The Fed, Rainbows End & More

kingworldnews.com / September 19, 2017

Today a legendary short seller covered gold, the dollar and much more, ahead of the Fed news on Wednesday.

By Bill Fleckenstein President Of Fleckenstein Capital
August 19 (King World News) – 
Trading through midday was sort of a nonevent, as the market just marked time around unchanged. With an hour to go, when I had to leave, the indices were about flat…

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The One Electric Car That Makes Some Sense . .

ericpetersautos.com / By Eric Peters/ September 19, 2017

It’s interesting about the Chevy Volt.

Uniquely, it carries around its own recharger – so it’s not tied to a corded umbilical like other electric cars. So it isn’t gimped by a much-abbreviated radius of action, like all other electric cars – the best of which can travel maybe 150 or so miles before their batteries conk out and the car must hook up to an electric IV for an extended recharging session.

When the Volt’s battery pack’s charge runs down, fresh current is fed into it as you drive – without having to stop driving.

This is superficially similar to the way a hybrid works but also very different.

Unlike hybrids, the Volt is a true electric car. A motor and batteries provide the primary motive power – what makes it go – as opposed to back-up power. There is a small (1.5 liter) gas engine, but it serves almost exclusively as a generator. It comes on as needed to make electricity for the batteries, not torque and horsepower to turn the wheels. In the Volt, electric motors do that.

All the time.

The Volt’s electric motors always propel the car.

In a hybrid, the electric motor and batteries take over when the vehicle isn’t moving – or moving at low speed. Most can only creep along for a couple of miles – and no faster than about 30 MPH – before the gas engine cuts in and takes over to propel the car, just like any other car.   

The main source of movement in a hybrid car is the gas engine.

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