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Monday
Oct092017

The Gold Worm on the Yuan Hook


Once again, I turn over in my mind the Chinese plan regarding their imported oil, which consists in convincing their oil suppliers to accept yuan in payment (and thus re-directing their sales outside the orbit of the US dollar) with an additional sweetener in case the oil exporters do not wish to hold assets denominated in yuan: the sweetener consists in offering to exchange the yuan received by the oil exporters, for gold purchased on the world markets – and not out of Chinese reserves.

Again, I mention that for the first time in 46 years –

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Monday
Oct092017

MAJOR ALERT: Greyerz Warns Swiss Bank Says It Will No Longer Hand Over Clients’ Physical Gold

With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that a Swiss bank has said it will no longer hand over clients’ physical gold.

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Wednesday
Oct042017

58 Insane facts about Bitcoin

Josh Wardini very kindly sent us this Infogram so we are posting it for your consideration and enjoyment:

So there you go.
Wednesday
Oct042017

Prospects for Gold II

Hugo Salinas Price:

In my previous article, "My Views Regarding Prospects for Gold", published on September 21, I addressed the consequences of the Chinese scheme "to be launched formally by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced", i.e. "purchased" outside of China, for the oil exporters."

This scheme - should China effectively carry through on its intentions -

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Tuesday
Oct032017

China aims for dollar-free oil trade

 

Yuan-denominated futures would allow crude exporters to dodge US sanctions

DAMON EVANS, Contributing writer

DENPASAR, Indonesia China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game changer for the industry.

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Thursday
Sep212017

Multi-Billionaire Hugo Salinas Price Says This Catalyst Has Gold Headed Thousands Of Dollars Higher

On the heels of Wednesday’s propaganda being spewed out of the Federal Reserve, today multi-billionaire Hugo Salinas Price stunned market observers across the world by saying this catalyst has the gold price headed thousands of dollars higher. 

This Will Rock Global Markets 

 
September 21

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Wednesday
Sep202017

Fed Begins Balance Sheet Unwind, Expects One More Rate Hike In 2017

Today's the day.


On Nov 25, 2008 The Fed announced it would begin buying assets for its own account to save the world. In Oct 2014, The Fed ended its QE3 buying program but continued to reinvest the proceeds to maintain its $4.4 trillion balance sheet. Today, Janet Yellen announced the balance sheet will be allowed to normalize, with reinvestments slowed/stopped starting in October.

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Friday
Sep152017

Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs

– Physical gold is “the true currency of the last resort” – Goldman Sachs
– “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” 

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Wednesday
Sep062017

Kirkland Lake Gold Limited: Sell 

Background

The recent breakout in the precious metals sector with gold leading the way has to some extent re-focused the attention of the investors onto the producers. Kirkland Lake Gold Limited (KL) is one such company which has been under the spot light lately and for good reason as it is a good quality stock.

Any acquisition such as this should remain under constant surveillance as a company’s circumstances can change in a blink of an eye.

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Sunday
Sep032017

Gold Pops, Stocks Drop As Futures Open After Korean Chaos

In an echo of last week's move following North Korea's teating of missiles across Japan's territory, futures markets are opening in a decidedly risk-off mannwr following North Korea's "hydrogen bomb" test.

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