Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters
Donate Via Paypal
ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.
The International Monetary Fund (IMF) made it official on Monday. A few weeks earlier on Nov. 13, the organization had recommended the yuan, also known as the renminbi, to be included in its $280 billion basket of currency reserves known as Special Drawing Rights (SDR).
Now the Chinese yuan is placed alongside the U.S. dollar, the Japanese yen, the British pound, and the euro, where it will make up 10.92% of the basket.
Of course, the IMF would have us believe it “allowed” the yuan into its basket, as though it was the one in control…
Managing Director Christine Lagarde said the yuan’s inclusion was based on “a clear indication of the reforms” China has carried out.
What It Means to Be a Global Reserve Currency
Reserve currencies are held in significant amounts by governments and institutions around the world in order to help conduct transactions in the global market.
The tab for Obama’s motorcade alone totals $784,825. The State Department issued a $407,868contract to Biribin Limousines, an international chauffeur service, for vehicles for the president’s security detail.
“No Sustainability Included,” the document states under a section for contract clauses.
zerohedge.com / by Tyler Durden on 12/01/2015 14:26
When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash “under the mattress” (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or a mistake.
After all, this would be merely the first step toward full-blown asset confiscation, conducted so many times by insolvent governments throughout history, once the government cracks down on those who made a “mistake” in their asset declaration form or simply refuse to fill such a declaration, thereby making all their assets eligible for government confiscation.
Cash “under the mattress” totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1 January 2016. Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad.
harveyorganblog.com / by harveyorgan / December 1, 2015
Gold: $1063.80 down $2.00 (comex closing time)
Silver $14.05 unchanged
In the access market 5:15 pm
At the gold comex today, we had an extremely poor delivery day, registering 38 notices for 3800 ounces. Silver saw 534 notices for 2,670,000 oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 200.45 tonnes for a loss of 103 tonnes over that period.
In silver, the open interest fell by 2258 contracts despite the fact that silver was up by 4 cents with respect to yesterday’s trading. Generally we are witnessing a massive OI contraction once we approach the first few days of an active delivery month and they did not disappoint us today.. The total silver OI now rests at 162,306 contracts In ounces, the OI is still represented by .813 billion oz or 116% of annual global silver production (ex Russia ex China).
In silver we had 534 notices served upon for 2,670,000 oz.
In gold, the total comex gold OI fell by 4,123 contracts as the OI fell to 392,672 contracts even though gold was up by $9.60 with respect to yesterday’s trading.
We had no change in gold inventory at the GLD/ thus the inventory rests tonight at 654.80 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold, after they deplete the GLD will be the FRBNY and the comex. In silver, we had a huge addition of 1.144 million oz in silver inventory, / Inventory rests at 319.353 million oz.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver fall by 2258 contracts down to 162,306 despite the fact that silver was up in price to the tune of 4 cents with respect to yesterday’s trading. The total OI for gold fell by 4123 contracts to 392,672 contracts despite the fact that gold was up by $9.60 with respect to yesterday’s trading.
How low can a politician go? It seems David Cameron is trying his best to find out.
For those of you not paying attention to politics across the pond, UK Prime Minister David Cameron is desperately trying to secure backing for his enthusiastic push to start bombing Syria. Labour leader Jeremy Corbyn is proving to be a significant thorn in his side, so this is how Cameron is fighting back.
David Cameron has appealed to Conservative MPs to give him an overall parliamentary majority in favour of military action in Syria by warning them against voting alongside “Jeremy Corbyn and a bunch of terrorist sympathizers”.
“You should not be walking through the lobbies with Jeremy Corbyn and a bunch of terrorist sympathizers,” the prime minister reportedly told the committee.
endoftheamericandream.com / By Michael Snyder on December 1st, 2015
Donald Trump just said something that he was not supposed to say, and it is something that Barack Obama will never admit. During an appearance on Sirius XM’s “Breitbart News Daily” on Tuesday morning, Trump stated that the Turkish government “looks like they’re on the side of ISIS more or less based on the oil”. This makes Trump the first presidential candidate to tell the truth about this to the American people. By now, just about everyone knows that ISIS is using Turkey as a home base, and I have previously written about how Turkey is “training ISIS militants, funneling weapons to them, buying their oil, and tending to their wounded in Turkish hospitals”. But a major U.S. politician, especially one running for the White House, could get into really hot water for saying these kinds of things about our NATO ally. You see, the truth is that the American people are not supposed to know that Turkey is actually on the same side as ISIS and has been facilitating the sale of hundreds of millions of dollars of oil that has been stolen by ISIS.
Just a few days ago, it was a really big deal when Russian Foreign Minister Sergey Lavrov accused ISIS of being “secret allies” with ISIS.
But for Donald Trump to say essentially the same thing is absolutely astounding. And this is why so many Americans are responding positively to his campaign. Trump just says whatever he thinks, and he doesn’t care about the consequences. The following comes from Politico…
Donald Trump aligned himself with Vladimir Putin on Tuesday, saying that Turkey appears to be on the side of Islamic State.
“Turkey looks like they’re on the side of ISIS more or less based on the oil,” Trump said in an interview with Sirius XM’s “Breitbart News Daily” Tuesday morning, echoing comments from the Russian president on Monday.
The world doesn’t realize it, but record global silver coin demand is warning that big trouble is coming to the financial system. More investors are waking up to the fact that there is something seriously wrong with the financial industry and broader stock markets and are buying more physical gold and silver than ever.
This is especially true for silver. During the huge surge in physical silver investment demand from June to September this year, I heard from several dealers that investors were buying a lot more silver than gold. And this wasn’t just from the typical Mom & Pop buyers… there were large silver volume purchases from wealthy clients.
According to the Silver Institute 2015 Interim Report, total sales of official silver coins will reach 130 million oz (Moz) this year. If we look at the chart below, we can see the huge increase in official coin sales since the first collapse of the U.S. Investment Banking and Housing Industry in 2008:
zerohedge.com / by Tyler Durden on 12/01/2015 14:56
Even before any major world powers were willing to go public (so to speak) with their involvement in Syria’s five-year, bloody civil war, it was difficult to keep track of the myriad rebel factions, militant groups, and jihadists battling the Assad regime for control of the country.
In a testament to just how confusing (not to mention terrifying) the situation had become by the time Iran began to mull asking the Russians for help, in April, 18,000 civilians ended up trapped in the Yarmouk refugee camp near Damascus where al-Nusra, ISIS, Hamas, the FSA, and the Assad regime were all fighting each other simultaneously in what UN Secretary General Ban ki-Moon called “the worst circle of hell.”
davidstockmanscontracorner.com / By Jonathan Marshall at Consortium News / December 1, 2015
The bloody terrorist attacks in Paris had their genesis not only in the poor Muslim suburbs of France and Belgium, and on the battlefields of Syria, but also in NATO’s operation to overthrow Muammar Gaddafi in 2011. The Libyan strongman gave the West fair warning at the time that his ouster would give an enormous boost to radical jihadists. Because no one in power listened, thousands have died in Libya, Syria, Iraq, Mali and now France.
Among the many extremist groups running wild in Libya today is the Islamic State (also known as ISIS, ISIL or Daesh). Headquartered in the city of Sirte — the late Col. Gaddafi’s hometown on the central Mediterranean coast —the ISIS colony now hosts as many as 3,000 foreign fighters who enforce their iron rule over a 150-mile stretch of the country’s coast. ISIS also has a strong presence in northeastern Libya, around the towns of Derna and Benghazi.
Since Gaddafi’s fall in 2011, Libya has exported thousands of its own extremists to support jihad in other countries. In Syria, one group of Libyan supporters of ISIS went by the name of Katibat al-Battar al Libi. One of its leaders was none other than Abdelhamid Abaaoud, the suspected organizer of the recent Paris attacks.
His connection to those Libyan fighters in Syria was first established back in January, before the killings in Paris, by Belgian researcher Pieter van Ostaeyen. On Jan. 15, Belgian police killed two members of the radical organization in the town of Verviers, where they were said to be planning a major terrorist attack.
zerohedge.com / by Tyler Durden on 12/01/2015 13:58
Warren Buffett – billionaire investor, opposer of Citizens United but major donor to super-PACs, previous fan of Bernie Sanders, and vehement supporter of the ‘fairness doctrine’ on taxes for everyone but himself – will be joining ‘campaigner for everyday Americans’ Hillary Clinton as she stumps in Omaha this month.
Billionaire investor Warren Buffett is backing Democratic front-runner Hillary Clinton in the 2016 presidential election.
“I think that she is the most likely person to be president of the United States, elected in 2016, and I’m going to vote for her,” Buffett tells the Fox Business Network in an interview that will air Monday evening.
Then, as noted in September during a CNBC interview, the billionaire investor said that he admires the way that Sanders has run his campaign.
tfmetalsreport.com / By Turd Ferguson / Tuesday, December 1, 2015
In early September, we noted the likely end of this current bull market in stocks by the appearance of a “death candle” on the monthly chart. In early October, we anticipated a rally that would be marked by a “green candle of hope”. And now it’s early December. What do you suppose comes next?
Before we begin, it is extremely important to review where we’ve been. The original “death candle” post is linked below. Please be sure to re-read it and note that, if history is to repeat itself, the downside target for the S&P 500 is somewhere between 1000 and 1100.
However, if history truly was repeating itself, then it was very likely that the S&P wasn’t going to head straight down the drain. There would very likely be a false rally first, similar to what was seen in early 2001 and mid-2008. These rallies would give hope to those praying against the impending disaster that The Death Candle foreshadowed. We named these previous rallies “the green candles of hope” and we wrote about this on October 5. Please take the time to re-read this post, as well:
So now, here we are. It’s December 1 and, in fact, history has repeated itself. There was a significant stock market rally in October and November and, indeed, fresh green candles have been painted onto the monthly chart. However, as you’re about to see, if market history is going to continue to repeat or rhyme, then it appears that the next 60 days are critical. Either the stock market is about to follow the historical precedent and plunge to levels last seen in 2011 OR it will burst through stout resistance at 2120 on the S&P and move to new highs, thereby breaking the pattern of 2001 and 2008 and nullifying these warnings.
<All of this comes with an important caveat. Though there was certainly some Central Bank market manipulation in 2001 and 2008, it was NOTHING compared to what we see today. Will cycles and history be too much for the CBs to overcome? Instead, will their almost daily interventions be able to stem the tide? We’re about to find out.>
Elements of the charm offensive include the launch of a pro-Saudi Arabia media portal operated by high-profile Republican campaign consultants; a special English-language website devoted to putting a positive spin on the latest developments in the Yemen war; glitzy dinners with American political and business elites; and a non-stop push to sway reporters and policymakers.
That has been accompanied by a spending spree on American lobbyists with ties to the Washington establishment. The Saudi Arabian Embassy, as we’ve reported, now retains the brother of Hillary Clinton’s campaign chairman, the leader of one of the largest Republican Super PACs in the country, and a law firm with deep ties to the Obama administration. One of Jeb Bush’s top fundraisers, Ignacio Sanchez, is also lobbying for the Saudi Kingdom.
In September, the Kingdom helped sponsor opulent galas for Washington’s business elite at the Ritz Carlton and the Andrew Mellon Auditorium. The events were attended by King Salman, along with the chief executives of General Electric and Lockheed Martin, the chairman of Marriott International, and prominent think tank officials.
So what do you do when you’re a barbaric monarchy with a justice system remarkably similar to ISIS, but at the same time want to remain very close ally of the U.S. government? You create a sophisticated propaganda network, naturally.
This is precisely what the Kingdom of Saudi Arabia has done, and theIntercept’s Lee Fang shined some light into this very dark and slimy corner.
zerohedge.com / by Tyler Durden on 12/01/2015 16:06
So to summarize the day, CEO’s outlook for next year is the weakest in 3 years, US Manufacturing ISM is the weakest in 2009, bond yields are collapsing, and rate-hike odds are dropping… so stocks rallied (because auto sales in the past were soaring?)…
Before we start, the faith remains strong in stocks…
From the publicly available data, Ewert made an unbelievable discovery: Between the years 2010 and 2012 the data measured since 1881 were altered so that they showed a significant warming, especially after 1950. […] A comparison of the data from 2010 with the data of 2012 shows that NASA-GISS had altered its own datasets so that especially after WWII a clear warming appears – although it never existed.”
The professor is going to release both the original and altered data sets, showing conclusively that the data was tampered with including retrospective alterations ofmeasurements.
You’re done climate screamers, and when the tide turns on this you’re going to hang.
Everyone who uses the internet knows that it can be an incredibly malicious place. With the benefit of a little anonymity, people tend to show their true faces and say horrible, and sometimes threatening statements. So at first glance the story of Jabari R. Dean being arrested for threatening to kill white people, doesn’t sound that surprising. Considering that he deleted his statement immediately after he posted it to Worldstarhiphop.com, you might think that he didn’t really mean it. After all, people make empty threats online all the time, right?
Once you read it however, it’s hard to believe that it wasn’t genuine. It’s obvious why one of the website’s users took a screenshot of the message before it was deleted, and sent it to the FBI. In response to the death of Laquan McDonald, who was shot 16 times by police, Jabari wrote:
zerohedge.com / By Claudio Grass, Managing Director at Global Gold AG on 12/01/2015 13:38
Paris attacks legitimize a new wave of counter-terrorism and emergency laws
The tragic Paris attacks led me to raise questions once again, since it is the second time that France has topped the news headlines this year. I believe that followers of our Outlook are now aware that I am a big fan of history. I have a tendency to go back to my history books to reflect on the past and recognize similar patterns to the events that we are experiencing today. Looking back, it seems obvious that, going through the 20th century and into the 21st, wars went, from being about nationalism, to ideological wars (communism versus democracy or what we would call ‘state capitalism disguised in democracy’), to becoming about religion, which sort of takes us back to the dark ages. Since the Berlin wall came down, back in 1989, and communism was defeated, it has been replaced by the “Muslim world”. We could see this change in Hollywood movies and in our media coverage. Audiences, who are not aware of political contexts, easily link Islam to terrorism. As a result, they have wrongfully become two sides of the same coin. In our coverage of the Charlie Hebdo attacks, we talked a lot about freedom of the press. However, at this point I would like to take the opportunity to look at the greater picture of the Paris attacks.
“They hate us because we are free!”
Since 9/11, western governments have conveniently used the “war on terror” to launch military attacks on the Middle East.Whenever an attack occurred on western soil, they came up with the same statement that “they hate us because we’re free”. Ryan McMaken from the Mises Institute wrote the following a few days ago:
“that this slogan has been especially effective among very ignorant sectors of the population who seemed to be under the impression that the United States had been engaged in non-interventionist foreign policy prior to the 9/11 attacks. “Why we were just minding our own business”, came the shocked and exasperated claims of the know-nothings. “These Arabs just attacked us for no reason, so they must just hate us because we’re so doggone free.”
Today a 50-year market veteran spoke with King World News about what has Western central banks and governments scared to death.
John Embry: “The gold and silver markets have become a bad joke. All recent rallies have been met with massive paper selling, irrespective of the news backdrop. As I have said on many occasions, Western central banks and governments are scared to death of the precious metals…
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss MOAR war as stock prices soar for defense contractors and the CIA gets involved in environmental activism as we sacrifice our freedoms so that nobody has reason to hate us while we play naked Twister. In the second half, Max interviews journalist and author Nick Kochan about ISIS – the most well financed terrorist organization ever. They look at the cash and dowry from Saddam’s treasury which sustains the terrorist group.
The problem, you’re reminded, is that Brazil is in the midst of a dramatic economic downturn that’s left the country to suffer through the worst inflation-growth outcome (i.e. stagflation) in more than a decade. Unemployment and inflation are soaring (annual headline IPCA inflation at 10.28%, unemployment at 7.9% in August, up from just 4.7% a year earlier) while output is plunging (IBC-Br monthly real GDP indicator down 6.1% Y/Y in September) and the market is losing confidence in the government’s ability to end a political stalemate on the way to shoring up the fiscal books and hitting primary surplus targets. Last week’s arrest of prominent lawmaker Delcidio Amaral in connection with the ongoing Carwash investigation didn’t help.
Thanks to the above mentioned IBC-Br monthly indicator (which showed an economy in “free fall” to quote Barclays) we already knew Q3 was going to be bad on the GDP front. But this is Brazil we’re talking about, which means that as bad as consensus is, there’s always the distinct possibility that the actual numbers will be far worse than expected and that’s exactly what happened on Tuesday.
Real GDP fell 1.7% Q/Q and 4.5% Y/Y while Q2’s already abysmal -1.9% contraction was revised down to -2.1%.
davidstockmanscontracorner.com / by Jeffrey P. Snider /
Despite everything that happened in July and August throughout the financial world, there remained a tendency to simply dismiss it as anomalous. That was curious in and of itself, but that the global liquidations then were not isolated but rather the latest in a continuing string of “odd” events strains such determined dimness. We have arrived at a point in time where even direct and widespread observations are no longer afforded much significance, to be shadowed and replaced instead by the musings of credentials. Janet Yellen and various international economic outfits declare the world in recovery, therefore anything that upsets the order is to be marginalized as “temporary” or “anomalous” since Yellen comes first.
China has moved to the frontlines in that struggle between understanding and raw ideology; to economists it just doesn’t make sense that growth would continue to decelerate month after month with no answer to all the “stimulus.” But so it goes on down the line, beyond China and into the vulnerability of the global supply chain. We see the direct line into Brazil, but it isn’t limited to emerging markets. Enter Canada.
Being an oil production giant, Canada is for a “developed” economy related directly to the same financial strains as those plaguing EM’s. The initial oil crash at the outset of 2015 “unexpectedly” plunged the Canadian economy into a technical recession (which is more myth than actual condition; it is only urban legend that claims two consecutive quarters of GDP contraction as that). Then, as oil prices rebounded, Yellen’s “transitory” declaration appeared to be holding on the outside. It didn’t matter that that initial downturn was rather sharp and severe, all that mattered was what economists believed about it – even though, curiously, they had no idea it was even coming (a persistent theme for far, far longer than the past year).
So the earlier weakness, severe as it may have been, was to be written off as a trivial historical artifact troubling only to economic historians:
On this week’s edition of The Ellis Martin Report, you’ll hear several interviews from Ellis’ short trip up to San Francisco for the Cambridge House Silver Summit and Resource Investment Conference. He spoke with the silver-guru David Morgan of The Morgan Report.com, geologist and analyst Brent Cook of Exploration Insights.com, Greg Johnson, President of Wellgreen Platinum (WGPLF), Keith Neumeyer, President of First Majestic Silver Corp NYSE:AG) and Yannis Tsotis, President of Gold Source Mines (GSX.V).
zerohedge.com / by Michael McDonald via OilPrice.com, on 12/01/2015 12:57
WhenOIL PRICES were spiking in 2008 and some commentators were predicting prices of $200 a barrel, many pundits and politicians turned to blame speculators and hedge funds for pushing prices upwards. That period of high prices passed and speculators avoided any tough new regulations in part due to mix empirical evidence surrounding the causes of price volatility.Now though, the opposite case is being made; hedge funds shorting oil may be behind recent volatility and the current lowPRICE OF OIL.
Given the benefits to consumers from lowOIL PRICES, there is little talk of new regulation to prevent hedge fund shorting, but it is unclear if regulation would do much good in any event. While there is a correlation between hedge fund positions andOIL PRICES, it is unclear if hedge funds are causing moves in thePRICE OF OIL, or if oil markets are simply responding to a third set of unobserved causal factors.
At a basic level, oil prices are based on the intersection of supply and demand. On the supply side are producers from OPEC to U.S frackers. The demand side is a little more complicated. Of course consumers and businesses fall into the demand category, but it could be that hedge funds also play a role here. If hedge funds and other investors buy up oil in anticipation of a future recovery in prices, then they might be able to help prop up thePRICE OF OIL or even drive the price of oil higher. That was the case often made in 2007 and 2008.
The latest read on the Fed’s preferred inflation metric was not particularly kind to policymakers:
Indeed, as Craig Torres at Bloomberg notes, this is only one of a number of indicators that should give a reality check to FOMC participants as December’s meeting approaches. A stronger dollar, weakerCOMMODITY PRICES, and falling inflation expectations suggest that the “transitory” negative weights on inflation might persist longer than the Fed anticipates.
In addition, since I last wrote,real time estimates of fourth quarter GDP weakened in the face of incoming data. And manufacturing is data is off to a weak start this month with a fall in the Chicago PMI. Indeed, manufacturing indicators are weaker than we would normally see at the onset of a tightening cycle, but the Fed is betting that these indicators are passé in a world dominated by services. And that side of the economy seems to be holding up nicely:
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.” ― Adrian Rogers