Sunday, April 9, 2017

ALERT: JFK Murder Conspiracy SOLVED, but who cares

Published here: http://www.zerohedge.com/news/2017-04-08/alert-jfk-murder-conspiracy-solved-who-cares

(GLOBALINTELHUB) – 4/09/2017    Support  solid  intelligence visit our  sponsor www.splittingpennies.com 

While the world wonders about President Trump, 54 years ago, a US President was murdered in broad daylight in Dallas, Texas; John Fitzgerald Kennedy – the only Irish Catholic President, and possibly one of the only US Presidents that was not a Freemason.  To this day, the facts surrounding this event remain clouded.  The ‘official’ Warren Commission report presents fanciful theories about a “Magic Bullet” that was able to go in and out of JFK’s body multiple times, and other wild fantasies.  But this official report is ‘official’ and any other explanation of the events of that day are ‘conspiracy theories.’  As time has passed, and secondary information surfaces, there are indications of the true power of the information that was kept secret for so long.

The murder of JFK is perhaps one of the most significant events of the 20th century.  In the past 10 years, new information has surfaced that portends to a major re-investigation into the issue.  As well, a generation has passed since the event which took place 1963.  This article presents two unique viewpoints, previously unpublished, as well as looking at some recently released evidence:

  1. Dr. Arthur Charloff “Art”, Special Agent FBI Oklahoma City, Oklahoma
  2. The book titled Kennedy’s Last Stand: Eisenhower, UFOs, MJ-12 & JFK’s Assassination
  3. Finally, we’ll examine new evidence that has surfaced since the making of Oliver Stone’s “JFK” in 1991

We will begin with 1. – Art’s involvement in JFK was relatively en-passant.  The FBI was called in because the Dallas police couldn’t be trusted to run a clean investigation.  Art was running the OK office (and has admitted, his station in OK was the reason he left the FBI).  Dr. Charloff is an impeccably fact-based intellectual who was a university professor and Dean of Northwood University; as well as serving as a major financial executive for corporations like Burger King Corporation and others.  For those who don’t know, most FBI recruits are from financial services, especially because the FBI investigates financial crimes.

When I asked Dr. Charloff point blank who killed JFK he said “We’ll never know, because they killed all the witnesses!” Art was a guy doing his job, a young man at that time, who was not part of any ‘conspiracy’ and certainly wasn’t part of a committee to whitewash something the government or a group inside the government had done.  He did however, reveal things about the FBI, that may have greater meaning and implications, than his investigation of JFK.  First let’s look at where he pops up in the Warren Commission, see the full file here:  105-29WarrenCommissionFileArthurCharloff and  WH26_CE_2809

One page highlighted:

This is, for the record, a copy of Art’s CV: arthur-charloff-ph-d-1979-s-w-palm-city-road-d-772

Art’s FBI stories range from the mundane, such as the agent partner that used to iron the crease in his boxer shorts, to the Hollywood-esque tales of how the Russian embassy brought him tea and cookies one night on a stakeout (while they were performing surveillance on them); “We see you guys sitting there watching us for many hours and thought you might be hungry or thirsty” and even came back to collect the silver tray when they were finished.

Dr. Arthur Charloff was born in Maine, but grew up in Miami, Florida.  He obtained his PhD from University of Organizational Sciences in Belgrade, Serbia.  His genetic origins can be traced back to a town in Rovno, present day Ukraine (former USSR) – a pogrom town where all his relatives were slaughtered (those who didn’t migrate to USA.)  So, Art’s father Morris and Art were both flag waving jingoists.  Morris was a meat inspector who worked for the USDA.  When he applied for the FBI his Russian origins were an issue and he had to go through special clearances other agents avoided, to prove that he wasn’t a Russian sleeper spy.  Although not practicing, Dr. Arthur Charloff is Jewish (hence the family escaping the pogroms for the safety of America).

What Art said about the FBI is that the FBI never ‘solves’ crimes, in a traditional sense.  It was more of a business negotiation, relying mostly on Confidential Informants (CIs) and for example in a drug bust, getting street dealers to rat out higher ups and so on up the chain.  He said that the FBI very rarely, if ever – solves crimes like you see in the films.  CIs can work with the FBI for years, even on cases not involving them (for example, a drug related CI may sit in on an organized crime case).

Global Intel Hub interviewed Dr. Charloff telephonic-ally on March 29th, 2017 for the purposes of research for this article, and to confirm what we had previously thought about Dr. Charloff’s accounts while working for the FBI and after.

Before getting into any detail about UFOs, Dr. Charloff stated point blank that there was a “rumor” in ‘the bureau’ as they refer to FBI, at the time, that the CIA assassinated JFK.  JFK had a lot of enemies, and wanted to dump the CIA “shit can the whole operation” as well, his brother Robert wanted to usurp the power of the CIA placing them under the DOJ (Department of Justice) of which he was in charge.  Dr. Charloff said his brother (referring to Robert Kennedy) was a ‘tough dude’ and both the Kennedy brothers were very unhappy with the CIA, and especially after the Bay of Pigs debacle.  Also, the CIA had kept JFK out of the information circle, as we shall see later, about a number of topics (at this point, we had not revealed the discoveries presented in the book about UFOs to Dr. Charloff – that was knowledge at the time).  He said that JFK really didn’t even want to be President, all of these issues seemed to bother his brother more than Jack.

Finally he also stated this was the common opinion of FBI agents at the time, they all looked at each other and said “Something else is going on here” – but continued to do their jobs.

I asked Dr. Charloff if he noticed anything interesting during the investigation of the murder, he said ‘no’ but later admitted that his bosses (Hoover) had forced them to wrap up the investigation early and without doing their normal due diligence as they would on a high profile murder, which the FBI had experience investigating many.  Dr. Charloff said the ‘higher ups’ simply wanted the investigation shut down and everyone was re-assigned to other cases quickly, out of the area.  They wanted to ‘get this thing closed up as soon as possible, and have no more trouble, no more discussion, about this topic.”

Bear in mind that Dr. Charloff is a straight arrow kind of guy especially being an agent for the FBI investigating the murder of a sitting President.  Later asked about his opinion of what happened, he said the whole thing ‘stinks’ and the story about Oswald was ridiculous, how did Oswold get out of the military, why did he go to Russia, why did he do it all from the book depository – it just didn’t add up.  Finally Oswald basically threw himself into the arms of police by allowing himself to be arrested.

The Warren Commission came up with nonsensical conclusions he said, such as the “Magic Bullet” and the lone assassin theory, that Oswald did it by himself.  No one took it seriously, at the time, but what could anyone do?  It was obviously much bigger than one agency, even bigger than the office of the President, so whatever power lurking in the shadows – was not one to mess with!

But who did it?  In an ironic twist to this testimony, Dr. Charloff’s brother worked at the famous Area 51 military base in the Nevada desert – that’s the base that the military claims doesn’t exist.

He said that before working there his brother had to surrender ALL of his documents, IDs, social security card, and all else.  He wasn’t allowed to talk about what he did or saw there.  After 6 months a new ‘shift’ comes in and they rotate people there like that.  At least that was how they did it back in the day.

Why this anecdotal account from someone who is not a critical witness?  Because Dr. Arthur Charloff is a real person – who can attest to the events as they transpired, from another perspective, just an FBI special agent doing his job.

Part 2: The Book

Kennedy’s Last Stand: Eisenhower, UFOs, MJ-12 & JFK’s Assassination – This is a must read, for those interested in the topic of ‘information’ and ‘informatics’ even if you’re not interested in the subject of UFOs.  The point here is that documentary evidence regarding the UFO conspiracy is real and comes from the top.  A group so powerful (MJ-12) they shut out the President (Eisenhower) who overcame them only by threatening to invade Area 51 with the Army.  In the past 20 years, new evidence has surfaced, some of which is presented in the book.  Most significantly, the book points a paper trail right to the top of the CIA and beyond.

Small background on UFO phenomenon as it pertains to this story; UFOs were first discovered by the military over Los Angeles during World War 2.  It was alarming because the Army believed that it was the enemy Japanese attacking, all they saw were ‘airships’ shooting down from the sky; the idea of Aliens or UFOs wasn’t common knowledge at the time.  See a brief summary of the “Battle of Los Angeles”:

The Battle of Los Angeles, also known as The Great Los Angeles Air Raid, is the name given by contemporary sources to the rumored enemy attack and subsequent anti-aircraft artillery barrage which took place from late 24 February to early 25 February 1942 over Los Angeles, California.  The incident occurred less than three months after the United States entered World War II as a result of the Japanese Imperial Navy‘s attack on Pearl Harbor, and one day after the bombardment of Ellwood on 23 February. Initially, the target of the aerial barrage was thought to be an attacking force from Japan, but speaking at a press conference shortly afterward, Secretary of the Navy Frank Knox called the incident a “false alarm.” Newspapers of the time published a number of reports and speculations of a cover-up.

Some contemporary ufologists and conspiracy theorists have suggested the targets were extraterrestrial spacecraft.  When documenting the incident in 1949, The United States Coast Artillery Association identified a meteorological balloon sent up at 1:00 am that “started all the shooting” and concluded that “once the firing started, imagination created all kinds of targets in the sky and everyone joined in”.  In 1983, the U.S. Office of Air Force History attributed the event to a case of “war nerves” triggered by a lost weather balloon and exacerbated by stray flares and shell bursts from adjoining batteries.

After this ‘battle’ UFOs were on the radar of the military – literally.  Military planners, practically, incorporate every kind of potential attack into their strategy planning.  UFOs were not looked at scientifically by the military – simply as a potential threat, whether from Hitler or another planet they didn’t care.

The second event that marked this age was the Roswell crash, still a big mystery to this day.  Apparently, there were 2 crashes, one with actual biological bodies, and the press release was designed to take the focus away from the more sensitive site.  According to the book, everything was taken to Area 51 for review, where the facility was placed under the security of the CIA and managed by a group formed by Truman known as MJ-12.  A lot of this is not science fiction when considering Nazi scientists developed rockets that NASA still uses to this day via Project Paperclip.  Remember that all of this happened around a time when USA was becoming a superpower, the CIA was just formed, along with the military industrial complex – including its corporate technology arm, still in use today (Silicon Valley).

Where did the explosion of scientific developments come from such as Kevlar, the Microprocessor, fiber optics, stealth, weather modification, and other technologies come from?  Many of these developments came out by the hundreds month after month by research labs like PARC:

PARC (Palo Alto Research Center Incorporated), formerly Xerox PARC, is a research and development company in Palo Alto, California,[1][2][3] with a distinguished reputation for its contributions to information technology and hardware systems.[citation needed]

Founded in 1970 as a division of Xerox Corporation, PARC has been in large part responsible for such developments as laser printing, Ethernet, the modern personal computer, graphical user interface (GUI) and desktop paradigm, object-oriented programming, ubiquitous computing, amorphous silicon (a-Si) applications, and advancing very-large-scale integration (VLSI) for semiconductors.

This all shortly after the Roswell incident.  Looking at all this from a technology standpoint is not so sensational.  The fact that the Roswell crash was in fact a UFO possibly operated by a ‘robot’ or ‘drone’ from another planet or another timeline is not so far fetched.  If the reader could be transported back to the middle ages of Europe equipped with a laser pointer, iPhone 7, automatic handgun, and other wizard’s tools, certainly the people would think that the user is a “God” who practices “Magic”.

The interesting twist in this book is how JFK wanted to unmask all this, use it for the good of the world (in partnership with Russia) and how the group who operates above the US Government, in this case MJ-12, ordered the hit via a secretive assassination directive:

An Mj-12 directive to kill JFK

The most dramatic directive, likely drafted by Dulles (MJ-1), Director of CIA under JFK and apparently approved by six other MJ-12 members was a cryptic assassination directive. In full, this states: see last memo in series in link below.

http://www.majesticdocuments.com/pdf/burnedmemo-s1-pgs3-9.pdf  

Draft – Directive Regarding Project Environment – When conditions become non-conducive for growth in our environment and Washington cannot be influenced any further, the weather is lacking any precipitation … it should be wet.

The term “it should be wet” is a coded command to kill someone.  

Detractors of this book will say that the author is reaching to connect the dots, and this cryptic message is not ‘clearly’ the smoking gun evidence that everyone is looking for.  But is it?  Have a deeper look through these documents here: 

6404101-JFK-MJ12

To the less educated researcher, documents such as the letter from respected scientists Oppenheimer and Einstein regarding the UFO issue, and the letter from the anonymous CIA leaker re: James Angleton; may be of more significance, as the authenticity of these documents is more verifiable, and anecdotally more believable.  Einstein for example published thousands of public essays and letters on various important topics of the day; this was a time when the power Elite relied on high IQ scientists.

There is no alternative paper trail, with a more powerful suggestion – solving the JFK murder.  Most of the files have been released in a searchable archive, which you can find here:  https://www.archives.gov/research/jfk

It is not likely that in the next 20 years another ‘smoking gun’ document will be discovered, although it’s possible (it could be in some relatives attic, next to baseball cards and grandpas pipe saved from last century).  So it’s reasonable to conclude that 95% of relevant information regarding the JFK scenario is out there, somewhere – in the ether.  With the speed and velocity of the internet sleuth community, if there was such a relevant document such as photo (right) – it would have been distributed and redistributed, analyzed and discussed, ad nauseum.

What is the significance of this event, you ask?  It’s a singularity, as they describe in physics (a point at which a function takes an infinite value, especially in space-time when matter is infinitely dense, as at the center of a black hole).  From one perspective, it was simply a power grab by ‘faction 2’ from ‘faction 1’ as some describe big power politics.  The Kennedy clan were outsiders, they were social climbers, they went against the power structure of the haves – case closed.  But Kennedy or someone else – something more meaningful happened here.  A group called the “Shadow Government” stopped Kennedy from exercising the powers granted to him by the Constitution and by the voters.  It puts the entire system into question, proving basically that the United States operates by Mob Rule not so much different than a banana republic.  A group of rich families and companies with deep pockets control the country through their trained surrogates.  The continuation of this can be seen with political families such as Bush and Clinton who have a statistically unusual amount of deaths of associates, friends, and workers surrounding them.  Some were even afraid to work for the Clinton camp due to the high number of workers who ‘suicided’, disappeared, had heart failure, or stabbed themselves in the back 10 times.

Let’s thread through the irony of the power structure for the last 30 years with this interesting photo, and comparison, of a figure outside the Texas School Book Depository:

The photo on right, comparing the posture of a figure standing in a suit and tie is striking.  George H.W. Bush Sr. later went on to be the director of the CIA, only for 2 years, under Gerald Ford.  But Bush’s impact on the establishment would be large, as he would later be Reagan’s Vice President (and rumored that was more of a ‘President’ during this time than Reagan ever was) and eventually President of the United States, and father of a future president, George W. Bush (his son).

What kind of ‘organization’ is out of the public view, has the means to organize such an assassination, and the motive?  All points to one organization, really the only capable organization of organizing such a project.  Look at some evidence, such as this list compiled by Wikispooks, of attempted or successful assassination attempts on foreign leaders organized by the CIA since World War 2: https://wikispooks.com/wiki/US/Foreign_Assassinations_since_1945 And here’s “Alleged Assassination Plots Involving Foreign Leaders” as compiled by the US Senate in 1975: CIA_Alleged Assassination Plots Involving Foreign Leaders

With such overwhelming evidence of the CIA’s involvement in foreign assassinations, if only one of these ‘plots’ is true it’s reasonable to assume they all are true because after all, the CIA is a spy agency, not an overt military operation, so most of this is done with the clandestine service.  And, if the CIA really does have a ‘hit squad’ trained to topple and kill foreign dictators, then it is reasonable to assume this same operative group inside the CIA could potentially use this same group domestically.  In fact, it is the only group in the world capable of assassinating a US President so successfully, including the use of insiders to change the course of the motorcade, for example.

Or to use another analogy as a means of deductive logic, 95% of hackers are inside jobs – in other words, hackers very rarely breach security from the ‘outside’ – they rely on a rogue employee, security expert, or insider to provide key information such as passwords or other details needed to complete the job.  This must have been the case with the murder of JFK because without those on the inside, such an epic target would not have been possible to hit.  It was for this reason the ‘higher ups’ at the FBI wanted this case closed and not discussed, because there clearly were insiders working against JFK who provided key info and modifying security protocols leading to the assassination.

As referenced by NY Times, the peak of outrage against the CIA for such plots was in the mid 1970s:

The peak of outrage against government-sponsored assassination was the mid-1970s, when the Senate Select Committee to Study Governmental Operations — better known as the Church committee — spent more than 60 days questioning 75 witnesses about C.I.A. plots of the late 1950s and early 1960s. Back in the darkest days of the cold war, the agency had devoted significant resources and creativity to devising unhappy ends for unsavory or inconvenient foreign leaders. Among those listed for assassination were Patrice Lumumba of the Congo, Ngo Dinh Diem of South Vietnam, Rafael Trujillo of the Dominican Republic and, most famously, Fidel Castro of Cuba, who survived no fewer than eight C.I.A. assassination plots. The senators on the committee were intent on divining the full extent of the government’s role in these plots. How much direct authority, for example, did Presidents Dwight Eisenhower and John Kennedy exert over them? The committee’s conclusions were vague at best. The truth was that neither president would have allowed his hand to show in such affairs.  Times have changed. Our president now interrupts regularly scheduled broadcasting to announce the news of an assassination himself.

Perhaps the details of the JFK murder, public coverage, and FBI investigation would have been different had it happened in 2010.  Certainly it was a different time, before the internet, and at a time of much happiness and prosperity.  Since “JFK” we’ve had “911” which is another game changer event that put the US on a different path as it was during the 90s.  Perhaps every generation needs such an event to ‘remind’ them of who is in charge?  (Dr. Tony Blanton from Pine Crest Prep School is ringing in my ears ‘history is a struggle between the haves and the have nots and you are the movers and the shakers who are going to change society’)

What secrets are the ‘shadow government’ protecting or are they simply exercising their power to show the have nots that their ownership of the planet is above any government, any nation state, religion, or other entity?  The UFO issue is concerning, particularly due to security concerns; because the information we do know is only bits and pieces from whistle-blowers and a few encounters that are not well documented.  There are rumors that Eisenhower himself made a deal with the Aliens to keep them a secret in exchange for technology transfer through the military and corporate America.  Maybe it was a good deal, maybe it never happened – who knows?  The point is that, until real discovery and disclosure is achieved, we will be in the dark regarding important issues that can impact daily life on planet earth.  Some important questions we need to ask beyond the shock value of understanding we are not alone in the universe:

  • Who are these aliens, what do they want?  What has been ‘agreed’ with them, if anything, and what current involvement do they have with US Military operations?
  • What of the stories that some of these creatures are multi-dimensional, or from another ‘timeline’ (that they aren’t aliens from other planets but beings that live in many dimensions)?
  • How can we address issues of exo-politics if the CIA was dethroned as the sole security to Area 51 and ultimately, controlling the diplomacy between such aliens, if any?
  • Is there any truth to the stories they are abducting humans for purposes of experimentation, whether it be biological or genetic?  What about the ‘hybrid’ projects?  If there is truth to it, how to stop it?
  • Do aliens have any current business arrangements with US corporations, US politicians, or are involved in major conflicts in any way?  If so, this urgently needs to be addressed, and contracts re-evaluated.  For example there are many accounts that UFOs were seen when nuclear warheads went dead (if even for a test).
  • Are there any secret government ‘libraries’ or ‘archives’ where files about aliens are kept, if so – where are they and in what format?

What’s interesting about this issue that it seems to be a wealth of information right here under our own desert.  It’s like the metaphor about exploring space when we know less about our deep oceans.  There again, rumors of alien bases under the deep seas.  The amount of information regarding the veracity of such stories is immense, and it has gone parabolic in the last years as many who were alive and working during these times before modern security protocols and training were in place, are retired, dying, or have passed information onto children.

Part 3: The New Evidence

1963 was a long time ago.  New facts and evidence have surfaced, most interestingly – we are on the precipice of a major data dump by the US Government still to be determined, scheduled for ‘sometime’ in 2o17.  See explanation from http://2017jfk.org :

In 1992, the President John F. Kennedy Assassination Records Collection Act mandated that in 2017 all remaining JFK records and redactions be released. However, the National Archives has recently informed federal agencies that if they intend on maintaining secrecy over these records they should begin preparing appeals to the next president of the United States. We are working to ensure that the law is upheld.  We are calling on you, fellow Americans, to come together and ensure that our government upholds the law.

The parallel of the information secrecy both for the JFK murder and the UFO issue, and their purported interconnection, is interesting.  If state secrets or a modern political organization were not at stake, why the hold up to release information about JFK?  Everyone mostly already believes it was the CIA, a group we have shown capable of organizing assassinations of many foreign leaders, and recently (2016) was caught meddling in a US domestic election.  The UFO issue can be the motive to cover up the JFK murder for so long, so deeply.  And the less obvious, more subtle ‘can of worms’ argument, that if the US Government lied and hid the facts about JFK, of course – everything else including the 9/11 investigation would be open for re-investigation.  This is another reason for waiting for so long because there’d be no one to ‘blame’ as those who orchestrated the conspiracy / cover-up would all be dead by now (or so the thinking of this strategy goes).

One interesting tape was in fact found in ‘Grandpa’s Attic’ – claimed to be the most significant piece of evidence since 1963:

A recording of radio communications to and from Air Force One on November 22,1963, discovered in 2011, is among the most important new pieces of JFK evidence to emerge in recent years,

The tape, an edited excerpt from a longer recording, captures some of the communications of the leaders of U.S. national security agencies as they learned about the assassination of a sitting president.

I wrote about the importance of the Air Force One tape in the fall of 2013:

“Audio engineer on the trail of a long-lost JFK tape” (JFK Facts, Nov. 6, 2013)

“Enhanced Air Force One tape captures top general’s response to JFK’s murder”  (JFK Facts, Oct. 19, 2013)

You can listen to it here.

Where was the Air Force One tape found?

This old-fashioned reel of analog tape surfaced at Philadelphia auction house in 2011. The recording was found in the estate of the family of Gen. Chester Clifton, a military aide to JFK. Clifton died in 1991. His children put the estate up for auction.

Bill Kelly, a JFK researcher, enlisted Primeau Forensics, a Michigan audio engineering firm, to produce a cleaned-up version of the tape.

What is significant in this piece of information, as far as data analysis is concerned, is the source.  It was an unclassified transcript of a non-essential to the JFK operation (Project Environment).  It only ‘suggests’ through information via what was said and not said, and as such, is not a ‘smoking gun’.  But much like the UFO phenomenon, in a similar thread – it seems that it’s simply IMPOSSIBLE to keep such a high profile operation secret for so long.  The analogy to the UFO issue is Dr. Steven Greer’s “Disclosure Project” available at www.disclosureproject.org; in summary:

Beginning in 1993, I started an effort that was designed to identify firsthand military and government witnesses to UFO events and projects, as well as other evidence to be used in a public disclosure. From 1993, we spent considerable time and resources briefing the Clinton Administration, including CIA Director James Woolsey, senior military officials at the Pentagon, and select members of Congress, among others. In April of 1997, more than a dozen such government and military witnesses were assembled in Washington DC for briefings with Congressmen, Pentagon officials and others. There, we specifically requested open Congressional Hearings on the subject. None were forthcoming.

These materials are, as you can now discern, only the tip of the iceberg of what we have recorded on digital videotape. That is, from over 120 hours of testimony by over 100 witnesses we transcribed only 33 hours and then further edited materials down to a fraction of that amount. Moreover, the full archive represents the testimony of only 100 witnesses of the more than 400 identified to date. The edited testimony will be appearing in book form. A portion of it appears in The Disclosure Project Briefing Document and only small excerpts and summary bios of testimony appear in this Executive summary. We hope in the future to secure funding for a 5-6 part broadcast quality video documentary series to be made from the videotaped testimony we have as the impact of hearing and seeing these witnesses speak is very moving.

This then brings me to my last point: The witnesses who have given testimony to date are extraordinarily brave men and women – heroes in my eyes – who have taken great personal risks in coming forward. Some have been threatened and intimidated. All are risking the ever-present ridicule that attends this subject. Not a single one of them has been paid for his or her testimony: It has been given freely and without reservation for the good of humanity. I wish to personally thank them here and extend to them my personal, highest respect and gratitude.

This summary is focusing on the testimony of important first-hand witnesses. We have thousands of government documents, hundreds of photographs, trace landing cases and more, but it is impossible to include them in a summary of this length. These materials will be made available for any serious scientific or Congressional inquiry.

These 2 issues are interrelated on so many levels, it’s only fitting that both have strong nonclassified, civilian groups dedicated to identifying, collecting, archiving, sorting, and classification of all relevant information on the topics.  They are after all, significant issues, with implications on all sciences.  These 2 topics may even be more important than recent scientific discoveries.  For example, as hundreds of high level government witnesses have testified in the disclosure project, one of the technologies kept under lock and key by the CIA (as reverse engineered from ET) are several energy technologies including but not limited to ‘zero point’ energy which would literally, instantly end our dependence on oil, coal, and nuclear.  This is just the tip of the iceberg, as hundreds of ground breaking tech has been leaked from ET such as thorium ‘clean’ nuclear technology, Kevlar, nanotechnology, advanced long distance energy communication, the ability to manipulate space time (or at least, to pass through a ‘wrinkle’ in time), and hundreds of others.  The business element of this provides a solid motive alone, without religious, social, or political implications.  There would be no need for 90% of the Fortune 500, the stock market would crash and the entire economic system as we know it would be immediately restructured (who would pay for gas when free energy is available?).

The public stated reason, for locking away the JFK files for 75 years, which plausibly is also the reason of keeping UFO information secret; is that the public ‘cannot handle the truth’ – that it would be ‘too much to handle’ – the first implication being some embarrasing political facts, such as the fact that the CIA with the help of insiders like LBJ were critical to the murder or completely organized it themselves.  But that’s not hard to swallow, generations of hardened Americans watching real-time cameras on missiles bombing and maiming brown people (mostly) have become desensitized to such emotional dribble.  But the elephant was in the room all along – this ‘shocking’ fact really is shocking, because it would change every aspect of life on our planet – quite literally (not figuratively).  For example, having free energy would change manufacturing, transportation, computing – just about everything.  It would change war, it would have implications into governance, we can skip religious implications and take the lead from the Catholic Church who is ahead of the information curve on this issue (for obvious reasons).

So there we have it, the JFK murder has been solved.  

WHO – It was a sub-set of the Intelligence aparatus, MJ12/CIA under the direction of Allen Dulles operated by Jesus James Angleton, involving multiple CIA agents including but not limited to George H.W. Bush Sr.

WHAT – The murder of John Fitzgerald Kennedy (JFK) US President, Elite leader, representative of the powerful Kennedy clan, Irish Catholic, father, patriot, and civil servant

WHERE & WHEN – Dallas, Texas November 22, 1963

HOW – A fine tuned machine prepared the ultimate kill scene, which involved extensive research and planning, significant funding, resources, highly skilled and trained soldiers, and a ‘cover-up’ scenario which had to involve LBJ and others around JFK.

WHY – To maintain the big Illuminati secret – that the US Government has obtained technology from other worlds, given to us directly and reverse engineered, and this transfer of tech continues to this day – and that the revelation of what happened to JFK regarding the UFO issue would start a chain of events that would finally lead to the complete disclosure of this technology, and thus – change the entire global political and economic system forever.

Research Links

BOOKS – Kennedy’s Last Stand: Eisenhower, UFOs, MJ-12 & JFK’s Assassination

An interesting leaked email from Edgar Mitchell to John Podesta

The New Starting Point – Another look at JFK with new research

Mark the Date – List of classified documents to be released regarding JFK

7 Key Facts we’ll learn with release of JFK files

Was JFK shot for his interest in UFOs?

Short list of investigative groups, information sources, and other JFK related material sources:

http://jfkfacts.org

http://aarclibrary.org

http://maryferrell.org

http://jfklancer.com 

Friday, April 7, 2017

Gold, Silver and Oil Spike After U.S. Bombs Syria

Published here: http://www.zerohedge.com/news/2017-04-07/gold-silver-and-oil-spike-after-us-bombs-syria

Gold, Silver and Oil Spike After U.S. Bombs Syria

 - Gold silver oil spike after U.S. bombs Syria
- Gold and silver spike 1% as oil rises 1.4%
- Gold breaks 200 day moving average, 4th week of gains

- Stocks fall after U.S. strikes in Syria rattle markets 
- U.S. missiles hit airbase; Lavrov says no Russian casualties; Russia deploys cruise missile frigate to Syria
- Russia denounces 'aggression' &
 warns of 'considerable damage' U.S. ties
- "Aggression against a sovereign state in violation of international law" - Russia
- Iran warns "destructive and dangerous" strike

- China warns against "further deterioration" in Syria
- Trump sending message to China and Russia
- Concerns of wider war see World War III trend on Twitter
- Brexit and French elections sees robust demand for gold and silver bullion

Gold and silver prices spiked sharply higher today, as investors piled into the safe haven asset in the wake of U.S. bombing of Syria.

Gold and silver bullion rose more than 1% and oil prices rose 1.4% after the bombings.

Gold reached a 5-month high as risk aversion returned to markets leading to a sell off in stocks and oil prices rising. Brent crude futures surged more than 2% after the US attack and were last up 1.5% at $55.72 a barrel.

Gold earlier climbed as much as 1.4 percent to its highest since Nov. 10 at $1,269.30. Gold is now trading at levels not seen since the November election of Donald Trump as U.S. president.

Gold is on track for a fourth straight week of gains and this in conjunction with the higher 2016 close and the higher Q1, 2017 close is bullish from a technical and a momentum perspective.

Gold has not managed to close above the 200 day moving average - $1,257/oz - in recent days and a weekly close above that level today will be very bullish for gold. This is especially the case given the very uncertain geo-political backdrop.

The unilateral action by President Trump and the use of cruise missiles against a Syrian air base, has escalated tensions with Syrian allies Russia and Iran.

Russia has denounced the U.S. 'aggression' and warned of 'considerable damage' to ties with the U.S. The Kremlin warned that "aggression against a sovereign state is in violation of international law."

China warned against "further deterioration" in Syria and Iran said that the U.S. bombing was "destructive and dangerous."

Markets were already nervous as Trump met Chinese leader Xi Jinping for talks over flashpoints such as North Korea and the U.S. massive trade deficits with China and massive and continuously increasing national debt.

Other geo-political concerns such as Brexit and the upcoming French elections is leading to ongoing robust demand for gold and silver bullion.

 

News and Commentary

Gold Rallies on Haven Demand as U.S. Missiles Hit Syrian Targets (Bloomberg)

Gold hits 5-mth peak after Trump launches missile strike on Syria (Reuters)

Stocks skid, safe-haven assets oil, gold and yen jump as US strikes Syria (Straits Times)

Gold and crude are surging (Business Insider)

Gold and silver are jumping after the US missile strike on Syria (Business Insider)

7RealRisksBlogBanner

Why now is the time to invest in gold - Schroders (WhatInvestment.co.uk)

What’s coming next – inflation, deflation or more muddling through? (MoneyWeek.com)

The Walls Close in on Team Obama (DailyReckoning.com)

Gold, Silver Score Strong Quarterly Increases | Coin News (CoinNews.net)

For Gundlach, These Are The Three Key Charts To Watch (ZeroHedge.com)

 

Gold Prices (LBMA AM)

07 Apr: USD 1,264.30, GBP 1,017.38 & EUR 1,188.82 per ounce
06 Apr: USD 1,253.75, GBP 1,004.88 & EUR 1,175.27 per ounce
05 Apr: USD 1,252.50, GBP 1,003.88 & EUR 1,174.47 per ounce
04 Apr: USD 1,258.65, GBP 1,011.07 & EUR 1,181.49 per ounce
03 Apr: USD 1,246.25, GBP 997.25 & EUR 1,168.48 per ounce
31 Mar: USD 1,241.70, GBP 996.46 & EUR 1,161.98 per ounce
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce

Silver Prices (LBMA)

07 Apr: USD 18.40, GBP 14.81 & EUR 17.31 per ounce
06 Apr: USD 18.22, GBP 14.63 & EUR 17.09 per ounce
05 Apr: USD 18.26, GBP 14.63 & EUR 17.11 per ounce
04 Apr: USD 18.34, GBP 14.73 & EUR 17.23 per ounce
03 Apr: USD 18.16, GBP 14.52 & EUR 17.05 per ounce
31 Mar: USD 18.06, GBP 14.50 & EUR 16.91 per ounce
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce


Recent Market Updates

- Invest In Gold and Silver – Now Is The Time – Schroders
- Heraeus Gold Refinery Buys Swiss Refiner Argor-Heraeus
- Invest In Gold – 46 Trillion Reasons Why
- Gold and Silver Best Performing Assets In Q1, 2017
- Irish Government To Issue Free Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU
- ‘Three Wise Men’ Warn Crash Coming, Own Gold
- Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
- ‘Most Secure Coin In the World’ ?
- Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist
- Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades
- Gold ETFs or Physical Gold? Hidden Dangers In GLD
- Gold Prices See Seventh Day Of Gains After Terrorist Attack In London
- Peak Gold – Biggest Gold Story Not Being Reported

Access Award Winning Daily and Weekly Updates Here

Thursday, April 6, 2017

Why Now Is The Time To Invest In Gold and Silver - Schroders

Published here: http://www.zerohedge.com/news/2017-04-06/why-now-time-invest-gold-and-silver-schroders

Invest In Gold and Silver - Now Is The Time - Schroders 

Schroders is one of the leading investment managers in the world. It is a global asset management company, founded in 1804 and based in the UK. The company employs over 4,100 people worldwide across 37 offices in 27 different countries around Europe, America, Asia, Africa and the Middle East and manages ove £400 billion in assets.

by David Thorpe of What Investment

James Luke, Commodities fund manager at Schroders, believes now is a good time to invest in gold and silver.

Gold bars at bullion dealers Goldcore, in London, U.K. in 2010 Photographer: Chris Ratcliffe/Bloomberg

He said, ‘The primary reason for investing in commodities, and especially gold and silver, should always be as an inflation hedge. Given the printing of money by the world’s central banks through quantitative easing, there is every reason to argue that higher inflation is coming in the future.

Gold and silver investments in particular remain very under-owned. Some investors fear the prospect of an increasing base interest rate in the US is reason alone to avoid these types of investments.

However, although past performance is not a reliable indicator of future results, the gold price has tended to rise from the beginning to the end of Federal Reserve (Fed) hiking cycles. In the last four instances when the Fed embarked on a hiking cycle, in three of the four instances gold saw +10 per cent to +20 per cent returns from beginning to end.’

He continued, ‘The environment for gold investments remains positive. In the background, global record debt burdens have not magically vanished. These make global growth highly sensitive to any real increase in interest rates and the cost of servicing these debts.

This is a key reason to expect that central banks will be highly wary of raising interest rates too quickly and that real interest rates (a key driver of gold prices) should continue to remain very low and have the possibility of being negative as inflation accelerates.’

Full article on What Investment

Gold and Silver Bullion - News and Commentary

PRECIOUS-Gold firm as dollar, equities fall ahead of Trump-Xi meeting (Reuters.com)

Gold firm as dollar, equities slip ahead of Trump-Xi meeting (Reuters.com)

U.S. Stocks, Dollar Fall as Minutes Spark Caution (Bloomberg.com)

Fed plans to reduce its $4.5 trillion balance sheet this year, minutes show (MarketWatch.com)

Silver Coins Lead US Mint Weekly Sales (SilverCoinsToday.com)

China Lingbao Gold's 2016 bullion output down 11% on year at 547,591 oz (Platts.com)

ZeroHedge.com via DoubleLine

Why now is the time to invest in gold - Schroders (WhatInvestment.co.uk)

What’s coming next – inflation, deflation or more muddling through? (MoneyWeek.com)

The Walls Close in on Team Obama (DailyReckoning.com)

Gold, Silver Score Strong Quarterly Increases | Coin News (CoinNews.net)

For Gundlach, These Are The Three Key Charts To Watch (ZeroHedge.com)

7RealRisksBlogBanner

Gold Prices (LBMA AM)

06 Apr: USD 1,253.75, GBP 1,004.88 & EUR 1,175.27 per ounce
05 Apr: USD 1,252.50, GBP 1,003.88 & EUR 1,174.47 per ounce
04 Apr: USD 1,258.65, GBP 1,011.07 & EUR 1,181.49 per ounce
03 Apr: USD 1,246.25, GBP 997.25 & EUR 1,168.48 per ounce
31 Mar: USD 1,241.70, GBP 996.46 & EUR 1,161.98 per ounce
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce
29 Mar: USD 1,252.90, GBP 1,007.71 & EUR 1,161.19 per ounce

Silver Prices (LBMA)

06 Apr: USD 18.22, GBP 14.63 & EUR 17.09 per ounce
05 Apr: USD 18.26, GBP 14.63 & EUR 17.11 per ounce
04 Apr: USD 18.34, GBP 14.73 & EUR 17.23 per ounce
03 Apr: USD 18.16, GBP 14.52 & EUR 17.05 per ounce
31 Mar: USD 18.06, GBP 14.50 & EUR 16.91 per ounce
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce
29 Mar: USD 18.13, GBP 14.58 & EUR 16.81 per ounce


Recent Market Updates

- Heraeus Gold Refinery Buys Swiss Refiner Argor-Heraeus
- Invest In Gold – 46 Trillion Reasons Why
- Gold and Silver Best Performing Assets In Q1, 2017
- Irish Government To Issue Free Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU
- ‘Three Wise Men’ Warn Crash Coming, Own Gold
- Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
- ‘Most Secure Coin In the World’ ?
- Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist
- Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades
- Gold ETFs or Physical Gold? Hidden Dangers In GLD
- Gold Prices See Seventh Day Of Gains After Terrorist Attack In London
- Peak Gold – Biggest Gold Story Not Being Reported
- Silver 1/ 70th The Price of Gold – Silver Eagles Sales Jump

Access Award Winning Daily and Weekly Updates Here

Wednesday, April 5, 2017

Time to Hedge State Reserve Funds with Gold

Published here: http://goldsilverworlds.com/gold-silver-experts/time-hedge-state-reserve-funds-gold/

By JP Cortez

Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns.

In the same vein, almost every state in the United States has established a “savings account” for government operations. Primarily to mitigate a decline in tax revenues that comes alongside economic slumps, states have created so-called budget stabilization funds – colloquially known as “rainy day funds.”

Every state takes a different approach to budget stabilization funds, from the mechanisms by which they are funded, to the caps placed on balances, to the manner in which the funds can be allocated. If a state can put funds aside during years of increased revenue and growth, said state will be better equipped to handle a decrease in tax revenue, an environmental incident, or some other surprise.

But simply plowing rainy day funds into Federal Reserve Notes (commonly referred to as “dollars”) or other paper instruments is taking an entirely new gamble – inflation.

It is unwise to store large amounts of cash for extended periods of time because of constant and intentional devaluation of the Federal Reserve Note. This tax on savings is known as inflation. It works on both the micro and the macro level. For the same reason an individual would be remiss to hold his or her entire life savings in cash for the duration of his or her entire life, a state would be remiss to hold large amounts of cash for extended periods of time.

One Tennessee lawmaker named Representative Bud Hulsey (R-Kingsport) understands the risk involved in long term storage of Federal Reserve Notes, and he has proposed to do something about it by introducing House Bill 0777. House Bill 0777 is a measure that calls for the treasurer to invest at least 40% of the reserve for revenue fluctuations in gold bullion or other precious metals bullion.

The Tennessee Department of Treasury’s stated mission is “to enrich the lives of Tennesseans as a national leader in public financial stewardship.” To hold only Federal Reserve Note instruments as financial insurance, particularly over long term periods of time, is both irresponsible and inherently at odds with Tennessee’s mission statement.

Unfortunately, most state governments, pension funds, and individual investors remain vulnerable to inflation risk.

Conservative investors who are concerned with preserving capital are typically drawn to things like U.S. Treasury bills. They exhibit low volatility on a day to day basis – even as their low yields will almost certainly fail to keep up with inflation over time. Losing money gradually is still no way to preserve capital.

Any individual or organization that has the long-term objective of maintaining the purchasing power of its holdings must include gold and silver in its asset mix. It’s true that precious metals spot prices won’t necessarily hold steady over any given near-term period. But the longer the time horizon, the more reliably gold and silver will keep pace with inflation. The longer the time horizon, the riskier holding onto dollar-based IOUs becomes.

It may be easy to predict what the value of the dollar will be next week.  But in 20, 50, or 100 years? There’s no telling. The only truly safe bet over a multi-decade period is hard money in the form of precious metals.

The post Time to Hedge State Reserve Funds with Gold appeared first on Gold Silver Worlds.

The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything

Published here: http://www.zerohedge.com/news/2017-04-05/real-reason-federal-government-have-been-keen-blame-russia-everything

Interested in precious metals investing or storage? Contact us HERE 

 

 

 

 

The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

 

 

 

How would you feel if you had planned a gathering of your closest family and friends and your list of invites grows to include some 185 guests. You also invited your known trouble-making cousin. Your cousin shows up drunk, armed and belligerent. He begins harassing a good portion of the guests, smashes some of your prized possessions and then, as an added bonus, he shoots and kills 12 of your guests.

 

As your cousin is leaving the gathering, he takes your wallet and your wife’s purse. He also goes in your bedroom, opens your safe and removes all your gold and silver. Your cousin now has all your credit and debit cards and all the cash you had on hand. You can not conduct business in any manner. You can’t even pay the caterer for their services.

 

If this sounds like a horrific story, you’re right - it is. The drunken cousin is a metaphor for how the U.S. has been acting for the past several years and how it has treated countries around the world. Do you suppose some of these nations are more than a little tired of being treated in this manner? Do you suppose that instead of acting as this oppressive “cousin” acts that some of these countries would find it better to simply develop a way to leave the “gathering” in a peaceful manner and get on with their own business?

 

As we reported on March 30, China and Russia are taking steps to move away from their out of control “cousin”, the Federal Reserve Note, U.S. dollar, world reserve currency.

 

We learned in March 2016 that Kazakistan had been in formal talks with the Shanghai Gold Exchange regarding gold as currency along the New Silk Road (One Belt One Road) spearheaded by China. Kazakistan also smelts most of Russia’s gold and mines a small amount gold annually and is a member of both the Shanghai Cooperation Organization (SCO) and Eurasia Economic Union (EEU).

 

Then, in October of 2016 we continued covering how China had been working directly with the IMF to get the yuan/renminbi currency added to the SDR basket of currencies for global trade. That now appears to be a cover story for what lay ahead. With the renminbi now a global currency that changes how the renminbi functions within the currency markets and in global trade negotiations.

 

For the better part of the past year it has seemed as if the mainstream media, with talking points from the federal government, had been 100% obsessed with “Russia did it!!” “It” could be anything as the story has morphed so many times it’s hard to keep track. The “it” is not near as important as the cheerleading by the MSM to remind the public Russia is to blame!

 

The Russian obsession has, for the past several months, been running along side a new “enemy” – China. China and the South China Sea has been another point of beating war drums for the mainstream media. We now have two new enemies outside of Syrian President Assad, Iran, Iraq, Libya and whoever else we feel we need to bully. The whole list of enemies continues to grow even though there are exactly zero threats to the U.S. from any of these countries.

 

China began working their CIPS system, global trade settlement system, in October 2016, the same time the renminbi joined the SDR basket, allowing China to conduct global trade outside the U.S. owned and operated SWIFT system. Both systems are used to settle global trade transactions and the SWIFT system has been geared to the Federal Reserve Note – U.S. dollar – while the CIPS system is geared to the Chinese renminbi.

 

China International Payment System (CIPS) was launched last October [2015] and is now entering into the second phase of its implementation. Phase Two will allow for a further widening of the trading band between the RMB and USD, which will in turn give the Federal Reserve additional room to raise rates. I predicted almost two years ago that CIPS would not overthrow or compete with the USD dominated SWIFT. I suggested that both platforms would share a base code and would work together to transform the monetary framework. That is exactly what is happening.

China strategically stated their gold reserves for the first time in 6 years in the lead up to the SDR announcement last year. This exact strategic announcement by China was predicted here on POM. Source

Enter Russia and their global trade settlement system based in Russian rubles. It is not quite ready for prime time, but not to worry, they are working around the clock to put the final pieces in place. Within the past two weeks Russia announced to the world where the system is, specifically, along with what is already in place.

 

“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday.

She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.
Source

The picture should be getting a little clearer as to why Russia and, now China, has become the absolute “enemy” and must made into a monster by the mainstream media who are utilizing the warmongers talking points coming out of the back hallways of the federal government. Odds are the people occupying the back hallways of the Federal Reserve are also providing guidance to the mainstream media in just how to keep the “Russian enemy” in front of the American people. If it’s not about the reserve currency, Federal Reserve Note, U.S. dollar, then explain this:

 

One of the most significant measures under consideration is the previously reported push for joint organization of trade in gold. In recent years, China and Russia have been the world’s most active buyers of the precious metal. On a visit to China last year, the deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

“We discussed the question of trade in gold. BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets,” First Deputy Governor of the Russian Central Bank Sergey Shvetsov told Russia’s TASS news agency. Source

Let’s take a look at the next step. Now that Russia and China have systems to conduct global trade outside of the Federal Reserve Note, U.S. dollar, both nations can make decisions that benefit their countries, and benefit their business interest, without fear their currencies will be disabled like what happened to Iran in March 2012. Iran was only reconnected to the SWIFT system in February 2017. Having another nation control your currency is a can be devastating. Iran learned the hard way and both Russia and China now have the capability to keep all currencies functioning both internally and globally, outside the SWIFT, U.S. dollar system.

 

Just last week we learned the BRICS nations are discussing the development of a “gold marketplace”.

 

Future plans to facilitate transactions between Moscow and Beijing in gold would certainly explain why the two countries are leading gold producers and buyers.

Creating a BRICS “gold marketplace” would be an excellent way of bypassing the dollar while also using a “currency” that could be easily recycled for trade with other member nations.

And while trading in gold won’t happen overnight, BRICS states have already moved towards creating a “new financial architecture” that “tackles the dominance of the U.S. dollar in global finance”:

The initiatives taken by the member nations of BRICs (Brazil, Russia, India, China, and South Africa) to set up a new financial architecture at its eighth summit held in October 2016 in India have recently been under the spotlight. In order to avoid the International Monetary Fund (IMF) type of loan conditionalities and tackle the dominance of the United States (US) dollar in global finance, the new institutions set up by the BRICs are expected to provide a much needed change in the global financial architecture. These institutions include the New Development Bank (NDB), the BRICS-led Contingency Reserve Fund (CRF), and the Asian Infrastructure Investment Bank (AIIB).
Source

The Federal Reserve Note, U.S. dollar, has enjoyed a good long run as the world reserve currency. The Federal Reserve, their member banks and the U.S. federal government have stolen from nations around the world, 185 in total. The Federal Reserve, through the world reserve currency status, has been able to push inflation out of the U.S. economy and onto other nations. China and Russia, along with the member nations of the SCO, EEU and BRICS are in the final stages of moving completely away from the Federal Reserve Note, which is quickly becoming useless on the global stage.

 

China is already using a gold currency. $14.5 Million worth of gold currency was used in transactions during the 2017 Chinese Lunar New Year across the “we chat” platform. This is not a gold backed currency, this is a gold currency.

 

 

While these nations continue acquiring ton upon ton of gold, the U.S. continues to acquire billions upon billions in debt. Which scenario is more sustainable? As these nations continue to build out their trading systems, to circumvent the world reserve currency, how will the U.S. contend with this new reality? The U.S. government is currently acting like the drunken cousin described above.

 

Why would BRICS nations, who are responsible for a significant portion of global GDP, continue to accept how the U.S. has treated them? The belligerence coming out of the White House and Pentagon, by way of NATO, has created a global divide. The U.S. is broke and can not pay back the owed debt. We can only bully other nations, steal their gold and bomb those that do not fall into line. Russia and China are large enough, wealthy enough and strong enough, militarily, to stand up to the U.S. They have been quietly going about their business – conducting business – while the U.S. has continually conducted war with anyone and everyone. The U.S. has now set it’s sights on these two power house nations. These nations are not Syria, Libya, Iraq or any of the other tiny nations these warmongers have bullied. This time it will be different and the golden rule still applies – he who has the gold makes the rules. China and Russia have the gold, the U.S. has debt.

 

 

 

Questions or comments about this article? Leave your thoughts HERE.

 

 

 

 

 

The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

Heraeus Gold Refinery Buys Swiss Refiner Argor-Heraeus

Published here: http://www.zerohedge.com/news/2017-04-05/heraeus-gold-refinery-buys-swiss-refiner-argor-heraeus

Heraeus Gold Refinery Buys Swiss Refiner Argor-Heraeus

- Heraeus gold and precious metals refinery buys Swiss refinery Argor-Heraeus
- Heraeus reported to have paid "few hundred million euros for the remaining Argor shares"
- Argor-Heraeus "goodwill" alone reported to have been valued at over "half a billion Swiss francs"
- Global technology & precious metals refiner Heraeus will acquire stakes from Commerzbank and Austrian Mint
- Heraeus involved with Argor-Heraeus since 1986
- Swiss refinery Argor Heraeus once fully-owned by UBS
- Heraeus to profit from Argor’s competence for gold and silver refining and international footprint
- Prudent Germans know history and love gold

Employee holds one hundred gram Heraeus gold bar at bullion dealers Goldcore, in London, UK in 2010 Photographer: Chris Ratcliffe/Bloomberg

Heraeus, the family owned German global technology and precious metals refining company has announced that it is to buy one of Switzerland’s largest gold and silver refineries, Argor-Heraeus.

Heraeus gold and precious metals refinery is one of the world’s largest provider of precious metals services and Heraeus gold bars are some of the most trusted gold bars in the markets.

It is rumoured to have agreed to pay some €300 million for the 67% stake, taking its total holdings up to 100%. According to the Handelsblatt, goodwill alone "was estimated at around half a billion Swiss francs."

The move by Heraeus gold refinery to buy the remaining 67% does not change the face of Argor-Heraeus from a Swiss-based refinery to a German one. Whilst is headquartered in Mendrisio (Ticino, Switzerland) it has ‘international branch offices in Germany, Italy and Chile.’

Argor's gold refining is not purely Swiss either, Argor-Heraeus operates gold refining and gold bar production facilities in Hanau, Hong Kong, and Newark (New Jersey).

The Argor-Heraeus company was founded in 1951 and in 1973 the Union Bank of Switzerland (UBS) acquired full ownership of the refinery. Hereaus has held a stake in the Swiss refinery since 1986 when UBS and Heraeus Group (Germany) formed a joint venture, creating Argor-Heraeus SA.

Since 1999 UBS has not been involved and Argor-Heraeus has been owned by private companies, with Heraeus holding 33% of Argor-Heraeus shares, Commerzbank holding 32.7% of the equity, the Austrian Mint holding another 30%, and Argor-Heraeus’s management holding the balance of shares.

Heraeus describes itself as a ‘global technology company’ and plan to “fully profit from Argors competence and capacity for gold and silver,” according to Heraeus CEO Jan Rinnert in a statement released this week.

What does AG do?

Heraeus has an annual gold output of 400- 500 tonnes of gold per year, they produce 10% of the roughly 5,000 tonnes of gold refined by the top seven gold refineries.

What is still known as Argor-Heraeus, sits within just a few kilometres of Valcambi (the world’s largest gold refinery) and PAMP.

According to goldbarsworldwide.com Argor-Heraeus has the following facilities:

(1) Gold refining and the recycling of scrap
(2) Gold semi-finished products for the watch & jewellery industries
(3) Gold medals & coins
(4) Gold bars
(5) Precious metals services and logistics

When it comes to gold bars, it is  ‘renowned for its manufacture of customized bars for banks around the world, notably in Europe, CIS and Middle East.’ It is involved in the ‘entire distribution chain for precious metals, from the mine to the end user, to the benefit of all partners involved.’

London Good Delivery

Argor-Heraeus has a close relationship with the LBMA which goes back a long way. In 1952 it became the first LBMA accredited refiner to have ‘manufactured a range of minted bars’.

It has produced London Good Delivery gold bars since 1961. Today it also produces silver, platinum and palladium Good Delivery bars and in 2004 it became one of five London Good Delivery referees appointed by the LBMA, for gold and silver.

Why buy the whole company?

Currently precious metals account for €1.9billion of Heraeus’ €12.9 billion total revenues (2015 financial year). As stated above, the company has been involved with the Swiss refinery business since 1986 and owned 33% of the business, prior to this latest purchase.

In late 2016 it was revealed that other buyers had been sniffing around the Argor-Heraeus business. S&P Global Platts reported that Capvis, a Swiss private equity company, was looking to buy the Swiss refinery for €200 million, by early 2017. However, the deal fell through when the price was deemed too high.

The Capris deal may have fallen through as Heraeus were beginning to make interested noises about buying. The company would clearly had total transparency on all activities within the refinery business and would have been in a better place to make an offer. Interestingly, it knew enough to make it happy to pay over one-third more than Capvis were purportedly considering.

Heraeus describes itself as a ‘global technology company’. When it comes to precious metals its expertise is mainly in the platinum group of metals. In a statement announcing the sale Heraeus CEO Jan Rinnert said the company plans to “fully profit from Argors competence and capacity for gold and silver.”

Rinnert is clearly hoping that Argor-Heraeus’ expertise and infrastructure in the gold and silver market will go a significant way in the parent company’s power across the precious metal industry. Whilst Argor-Heraeus has locations outside of Switzerland (see above) the new owner can complement this with its own infrastructure that extends to Asia, North America and India, as well as its German headquarters. There are obvious synergies there.

The acquisition is yet another one in the Swiss gold and precious metals refining sector. It comes after the acquisition of Neuchâtel based Metalor Technologies by Japanese Tanaka Precious Metals in July 2016. In the summer of 2015, Indian group Rajesh Exports announced the takeover of Ticino-based Swiss gold and silver refiner Valcambi.

Prudent Germans know history and value gold

One thing that hasn’t been covered above, or in any of the press coverage is the consideration Heraeus must have made regarding the outlook for the gold and silver market. Why would you acquire one-third more for a company and pay such a high price for "goodwill" unless you were pretty confident of expected growth and future profits?

The refinery makes gold bars and silver bars for all involved in the gold market from central banks through to retail investors. This latest acquisition is one in a line of foreign acquisitions of Swiss refineries and says a lot about confidence in the gold market.

It also shows the value that Germans place on gold. Knowing history and especially monetary history and understanding the vulnerability of paper or electronic currencies that are being debased helps them in this regard.

It is another example of the understanding most German people and business owners have in the importance of and value of gold.

Gold and Silver Bullion - News and Commentary

Gold imports surge as Turks heed Erdogan's call and vote looms (Reuters.com)

Turkey to give central bank first option on buying domestic gold (Reuters.com)

Gold prices get boost from soft dollar, St. Petersburg blast (CNBC.com)

Gold settles higher for third day as investors await Trump-Xi meeting (MarketWatch.com)

U.S. Stocks Mixed, Dollar Strengthens With Gold (Bloomberg.com)

History Shows Gold Thrives Fed-Rate-Hike Cycles (Zealllc.com)

Key Driver For Gold is Real Interest Rates (Bloomberg.com)

Record $10 Trillion Paper Gold Trading Market Continues To Depress Price (SRSRoccoReport.com)

Gibraltar Spat Shows How Bumpy the Road to Brexit Will Likely Be (Bloomberg.com)

GFMS Gold Survey 2017 - Thomson Reuters (ThomsonReuters.info)

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Gold Prices (LBMA AM)

05 Apr: USD 1,252.50, GBP 1,003.88 & EUR 1,174.47 per ounce
04 Apr: USD 1,258.65, GBP 1,011.07 & EUR 1,181.49 per ounce
03 Apr: USD 1,246.25, GBP 997.25 & EUR 1,168.48 per ounce
31 Mar: USD 1,241.70, GBP 996.46 & EUR 1,161.98 per ounce
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce
29 Mar: USD 1,252.90, GBP 1,007.71 & EUR 1,161.19 per ounce
28 Mar: USD 1,253.65, GBP 996.15 & EUR 1,154.49 per ounce

Silver Prices (LBMA)

05 Apr: USD 18.26, GBP 14.63 & EUR 17.11 per ounce
04 Apr: USD 18.34, GBP 14.73 & EUR 17.23 per ounce
03 Apr: USD 18.16, GBP 14.52 & EUR 17.05 per ounce
31 Mar: USD 18.06, GBP 14.50 & EUR 16.91 per ounce
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce
29 Mar: USD 18.13, GBP 14.58 & EUR 16.81 per ounce
28 Mar: USD 17.94, GBP 14.29 & EUR 16.53 per ounce


Recent Market Updates

- Invest In Gold – 46 Trillion Reasons Why
- Gold and Silver Best Performing Assets In Q1, 2017
- Irish Government To Issue Free Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU
- ‘Three Wise Men’ Warn Crash Coming, Own Gold
- Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
- ‘Most Secure Coin In the World’ ?
- Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist
- Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades
- Gold ETFs or Physical Gold? Hidden Dangers In GLD
- Gold Prices See Seventh Day Of Gains After Terrorist Attack In London
- Peak Gold – Biggest Gold Story Not Being Reported
- Silver 1/ 70th The Price of Gold – Silver Eagles Sales Jump
- The Best Ways to Invest in Gold Today

Access Award Winning Daily and Weekly Updates Here

Tuesday, April 4, 2017

Silver; Bottoming process nearly complete here?

Published here: http://www.zerohedge.com/news/2017-04-04/silver-bottoming-process-nearly-complete-here

 

Hard to believe that Silver hit $50 an ounce in 2011? Even though Silver is off to a good start in 2017 (up near 14%), it remains over 50% below the highs of 6-years ago.

Below looks at Silver on a monthly basis, over the past 40-years.

Silver Monthly

CLICK ON CHART TO ENLARGE

Silver hit the 1979 highs in 2011 (Double Topped) and then proceed to create a series of lower highs and lower lows. The decline took Silver down to its 23% retracement level of the 1993 lows/2011 highs. It is possible that Silver created the “Head” of a multi-year reversal pattern (inverse head & shoulders) at (1).

If Silver is making a long-term bottoming pattern (inverse head & shoulders), the ideal price action would be; create a right shoulder above the left shoulder, where a rally takes off and breaks above the falling neckline, in the $20 zone. At this time the neckline comes into play as resistance. To prove the read correct, breaking above the neckline is a must!!!

Full Disclosure- Even though Silver has done well in 2017, Premium and Metals members have been playing this sector via GDX & GDXJ. If this read for Silver would happen to be correct, Gold, Silver and Miners should do well.

 

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Buy Gold – 46 Trillion Reasons Why

Published here: http://www.zerohedge.com/news/2017-04-04/buy-gold-%E2%80%93-46-trillion-reasons-why

Buy Gold - 46 Trillion Reasons to Buy

By Robert Guy in Barron's

Gold’s 200-day moving average again proved to be a barrier for the precious metal, which in late Asian trading was around $1,250 an ounce. It had traded as high as $1,258 an ounce overnight.

Gold in USD 1 Year – GoldCore.com

But the pullback is unlikely to dent the faith of gold bulls who remain convinced that the yellow metal’s worth will be proved over coming years as the Fed attempts to normalize U.S. interest rates.

One bull is Trey Reik, a senior portfolio manager with Sprott Asset Management. In a new commentary, he’s convinced that gold’s value as protector of portfolios will become apparent as the Fed hikes rates at a time of low quality U.S. growth and high valuations on financial assets. Here’s his take:

"We maintain high confidence that the eroding quality of U.S. economic growth guarantees that U.S. financial asset prices will eventually reflect their true eroding intrinsic value, to gold’s significant benefit. Along the way, such as during the S&P 500 Index declines of 2000-2002 (50%) and 2007-2009 (57%), gold has provided unparalleled portfolio protection as over-exuberant faith in U.S. financial assets has been punished."

He points out that since the first quarter of 2009, U.S. household net worth has increased $38.016 trillion – from $54.790 trillion to $92.805 trillion – compared to a $4.766 trillion increase in nominal GDP (from $14.090 trillion to $18.856 trillion). That means U.S. household net worth has grown at eight times the rate of underlying GDP growth.

U.S. household net worth ($92.805 trillion) is now 492% of GDP, which is 40% higher than the 353% average during the five decades prior to the Greenspan/Bernanke/Yellen era. That’s a pace of growth viewed as unsustainable.

Here’s Reik in his own words:

"Given the poor savings and growth rates of the past 16 years, our model suggests it would not be unreasonable for the ratio of HHNW-to-GDP to clear somewhere between 250% and 300%, implying a decline of between $36 trillion and $46 trillion in the aggregate value of the three major U.S. asset classes (stocks, bonds and real estate)."

The other issue that may play in gold’s favor is the pressure that may be brought to bear on corporate debt if the Fed raises rates as expected:

"Should the Fed’s recent shift in rate-hike urgency prove to be motivated by concern for stretched valuations of U.S. financial assets, as we suspect, it will be interesting to see just how far the Fed will go to press its message. We have long suggested the Fed’s reticence to raise rates has reflected concern for the instability of excessive U.S. debt loads, and now the Fed may finally be forced to raise rates out of concern for the instability of excessive U.S. equity valuations. Our long-term expectation of a “rock and a hard place” may be the immediate reality in which the Fed now finds itself.

If so, gold’s role as productive portfolio diversifier is about to reassume center stage."

Full Barron's Asia article here

 

Gold and Silver Bullion - News and Commentary

Gold rises to 1-week high on weaker dollar, geopolitical worries (Yahoo Finance)

Gold logs second straight gain as U.S. ISM data disappoint (MarketWatch.com)

Asia Stocks Drop as Yen Gains, Auto Shares Slump (Bloomberg.com)

UK airports and nuclear power stations on terror alert after ‘credible’ cyber threat (Metro.co.uk)

Dubai Precious Metals Conference to focus on blockchain technology (EconoTimes.com)

Gold: 46 Trillion Reasons to Buy (Barrons.com)

Infinite imaginary supply from futures keeps silver down (TFMetalsReport.com)

Prepare For "Manias, Panics And Crashes" Ominous Warning From Bank Of America (ZeroHedge.com)

Pension Timebomb Cometh - Keiser Report (MaxKeiser.com)

How today’s two biggest investment fads are setting up the next crash (MoneyWeek.com)

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Gold Prices (LBMA AM)

04 Apr: USD 1,258.65, GBP 1,011.07 & EUR 1,181.49 per ounce
03 Apr: USD 1,246.25, GBP 997.25 & EUR 1,168.48 per ounce
31 Mar: USD 1,241.70, GBP 996.46 & EUR 1,161.98 per ounce
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce
29 Mar: USD 1,252.90, GBP 1,007.71 & EUR 1,161.19 per ounce
28 Mar: USD 1,253.65, GBP 996.15 & EUR 1,154.49 per ounce
27 Mar: USD 1,256.90, GBP 1,000.49 & EUR 1,157.86 per oun

Silver Prices (LBMA)

04 Apr: USD 18.34, GBP 14.73 & EUR 17.23 per ounce
03 Apr: USD 18.16, GBP 14.52 & EUR 17.05 per ounce
31 Mar: USD 18.06, GBP 14.50 & EUR 16.91 per ounce
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce
29 Mar: USD 18.13, GBP 14.58 & EUR 16.81 per ounce
28 Mar: USD 17.94, GBP 14.29 & EUR 16.53 per ounce
27 Mar: USD 17.94, GBP 14.25 & EUR 16.51 per ounce


Recent Market Updates

- Gold and Silver Best Performing Assets In Q1, 2017
- Irish Government To Issue Free Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU
- ‘Three Wise Men’ Warn Crash Coming, Own Gold
- Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
- ‘Most Secure Coin In the World’ ?
- Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist
- Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades
- Gold ETFs or Physical Gold? Hidden Dangers In GLD
- Gold Prices See Seventh Day Of Gains After Terrorist Attack In London
- Peak Gold – Biggest Gold Story Not Being Reported
- Silver 1/ 70th The Price of Gold – Silver Eagles Sales Jump
- The Best Ways to Invest in Gold Today
- Gold Cup – Horse Racing’s Greatest Show, Gambling and ‘Going for Gold’

 

Access Award Winning Daily and Weekly Updates Here

Monday, April 3, 2017

German and Swiss Precious Metals Refiners join forces as Heraeus acquires Argor-Heraeus

Published here: http://www.zerohedge.com/news/2017-04-03/german-and-swiss-precious-metals-refiners-join-forces-heraeus-acquires-argor-heraeus

Submitted by Ronan Manly, BullionStar.com

German precious metals group Heraeus Precious Metals (HPM), part of the Heraeus industrial group, has just announced the full acquisition of Swiss precious metals refining group Argor-Heraeus. Heraeus is headquartered in Hanau, just outside Frankfurt. Argor-Heraeus is headquartered in Mendrisio in the Swiss Canton of Ticino, beside the Italian border.

The Heraeus takeover announcement, on 3 April 2017, continues a noticeable acquisition trend in the Swiss precious metals refining sector and follows the July 2016 acquisition of Neuchâtel based Metalor Technologies by Japanese Tanaka Precious Metals, and the takeover of Ticino-based Swiss gold and silver refiner Valcambi by Indian group Rajesh Exports in July 2015. The Heraeus press release from Monday 3 April can be read here in English.

A Deal Telegraphed in November

In early November 2016, BullionStar was among the first to report that Swiss Argor-Heraeus was indeed an acquisition target. At the time, market sources had indicated that the most likely acquirer was a private equity company Capinvest, with other suitors said to be Japanese group Asahi and Swiss based MKS-PAMP.

In late 2016, S&P Global Platts reported that Swiss private equity company “Capvis” was in talks to acquire Argor-Heraeus, with one of Platts sources quoting a purchase price in the region of €200 million with completion in Q1 2017, while another source said €200 million was too high a figure. At the end of the day, a Capvis takeover did not materialise and earlier this year market sources said that Argor-Heraeus was no longer for sale (externally). In hindsight, it was probably at this stage that Heraeus decided to make its move. Alternatively, the discussions with external buyers may have just been conducted so as to gauge sentiment and establish a series of potential valuations for the Swiss refiner.

As a reminder, Argor-Hereaus had an unusual ownership structure in that it was jointly owned by 4 shareholders, namely German group Heraeus, German bank Commerzbank, the Austrian Mint, and Argor-Heraeus management. Prior to the takeover, Heraeus was the largest shareholder holding 33% of Argor-Heraeus shares, with Commerzbank holding a further 32.7% of the equity, the Austrian Mint holding another 30%, and Argor-Heraeus’s management holding the balance of shares.

As an existing shareholder and board member of Argor-Heraeus, the Heraeus group would have been privy to all of Argor-Heraeus’s financial and operational details, and so would have been in an advantageous position to negotiate purchase price details with Commerzbank and the Austrian Mint, which would have been a natural advantage relative to external potential acquirers.

Purchase Price

However, the exact purchase price Argor-Heraeus is not known, since, according to the Heraeus press release “the parties have agreed not to disclose financial details of the deal”. Notwithstanding this, German newspaper Handelsblatt is claiming that the Heraeus takeover values Argor-Heraeus at “half a billion Swiss Francs“, since according to Handelsblatt’s sources, Heraeus paid “few hundred million euros for the remaining Argor shares“. With CHF 500 million equal to approximately €468 million, the Handelsblatt claim would mean that Heraeus may have paid €313 million for the 67% of Argor-Heraeus that it did not own. This would be far higher than the €200 million figure that S&P Platts mentioned in December.

Motivations for Acquisition

According to Heraeus, one of its motivations in acquiring Argor-Heraeus is to strengthen its capabilities in gold and silver refining by tapping “Argor’s expertise and processing capacity for gold and silver”, since Heraeus considers itself strongest in platinum group metals. Heraeus states that another driver of the acquisition is geographical diversification given that Argor-Heraeus has facilities on the ground in Chile, as well as in Italy, Germany and of course Switzerland, while Heraeus has a strong presence in Asia, North America and India in addition to Germany.

Conclusion

With 3 of the 4 giant Swiss precious metals refineries having now been acquired by new owners within less than 2 years of each other, this leaves the PAMP refinery, owned by MKS PAMP, as the only one of the “Big 4″ Swiss refineries to have bypassed this recent flurry of corporate control activity. As to whether MKS PAMP will itself become a takeover target is debatable, but it would be surprising if MKS isn’t thinking about this very question right now.

Further information

For more information on the Heraeus group and its precious metals activities, see BullionStar Gold University profile of Heraeus https://www.bullionstar.com/gold-university/heraeus-refinery

For a full overview of Swiss refiner Argor-Heraeus, please see BullionStar Gold University profile of Argor-Heraeus https://www.bullionstar.com/gold-university/argor-heraeus-refinery

For more information on the Tanaka acquisition of Metalor Technologies, see specific section of Metalor profile on BullionStar Gold University https://www.bullionstar.com/gold-university/metalor-refinery#heading-4

For more information on the acquisition of Swiss Valcambi by Rajesh Exports, see BullionStar blog https://www.bullionstar.com/blogs/ronan-manly/swiss-gold-refineries-and-the-sale-of-valcambi

For analysis of initial news (last November) about Argor-Heraeus being acquired, see BullionStar blog https://www.bullionstar.com/blogs/ronan-manly/swiss-gold-refinery-argor-heraeus-to-be-acquired-by-private-equity-investors

Note that Heraeus also produces the popular BullionStar 1 kg silver bars on behalf of BullionStar, while Argor-Heraeus mints BullionStar’s own branded 100 gram gold bars. In addition, BullionStar carries a wide range of other Heraeus silver bars, Heraeus gold bars, and Argor-Heraeus gold bars.

The above article was inititally published on the BullionStar website here.

Gold and Silver Best Performing Assets In Q1, 2017

Published here: http://www.zerohedge.com/news/2017-04-03/gold-and-silver-best-performing-assets-q1-2017

- Gold, silver two of the best performing assets in the first quarter of 2017 with gains of  8% and 14% respectively
- Gold outperforms benchmarks - S&P 500 up 6%, MSCI (All Country World Index) up 6.4% (see tables)
- Nasdaq and German DAX rise 11.8% and 7.6%
- Silver best performing currency in quarter
- Five best performing currencies in Q1 are in order - silver, bitcoin, Mexican peso, Russian ruble and gold
- Gold's biggest quarterly gain since Q1 16, when rose 16%
- Gold has seen gains in 8 of the last 10 first quarters
- Palladium and platinum  gain 17.7% and 5.2% respectively
- Uncertainty over Trump's economic and foreign policies and geo-political risks from Brexit and elections in the EU lead to safe haven demand for gold and silver bullion

 

2017 Performance

Below are the tables and charts which show how markets and currencies have performed to date in 2017 - click on images to enlarge.

YTD 2017 Relative Performance - Finviz

 


2017 Asset Performance - Thomson Reuters


Gold Price Performance - Goldprice.org


'Long Real Assets' - BofAML via ZeroHedge.com



Gold in USD 1 Year - GoldCore.com

 


Silver in USD 1 Year - GoldCore.com
Daily and Weekly Updates Here

Gold and Silver Bullion - News and Commentary

Gold prices steady, buoyed by tepid U.S. econ data (Reuters.com)

Metals Enjoy Longest Rally in Seven Years as Low Rates Lure Cash (Bloomberg.com)

Gold, lumber buck rough first quarter for commodities (MarketWatch.com)

Asia markets higher, Trump’s NKorea comments weigh (CNBC.com)

Gibraltar chief minister rejects any talk of war, but says Spain's behavior is 'abominable' (CNBC.com)

Q1, 2017 Relative Performance (Finviz.com)

Gold's time to shine is now - Trader - CNBC Interview (CNBC.com)

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade (ZeroHedge.com)

'Primary actors' in gold market and gold market rigging - GATA Interview (CNBC.com)

"Have at least 10% of your financial wealth in physical gold and silver” - Rickards Interview
(Youtube.com)
"

Why the economy is heading to a recession (HuffingtonPost.com)

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Gold Prices (LBMA AM)

03 Apr: USD 1,246.25, GBP 997.25 & EUR 1,168.48 per ounce
31 Mar: USD 1,241.70, GBP 996.46 & EUR 1,161.98 per ounce
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce
29 Mar: USD 1,252.90, GBP 1,007.71 & EUR 1,161.19 per ounce
28 Mar: USD 1,253.65, GBP 996.15 & EUR 1,154.49 per ounce
27 Mar: USD 1,256.90, GBP 1,000.49 & EUR 1,157.86 per ounce
24 Mar: USD 1,244.00, GBP 996.20 & EUR 1,150.82 per ounce

Silver Prices (LBMA)

03 Apr: USD 18.16, GBP 14.52 & EUR 17.05 per ounce
31 Mar: USD 18.06, GBP 14.50 & EUR 16.91 per ounce
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce
29 Mar: USD 18.13, GBP 14.58 & EUR 16.81 per ounce
28 Mar: USD 17.94, GBP 14.29 & EUR 16.53 per ounce
27 Mar: USD 17.94, GBP 14.25 & EUR 16.51 per ounce
24 Mar: USD 17.63, GBP 14.11 & EUR 16.31 per ounce


Recent Market Updates

- Irish Government To Issue Free Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU
- ‘Three Wise Men’ Warn Crash Coming, Own Gold
- Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
- ‘Most Secure Coin In the World’ ?
- Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist
- Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades
- Gold ETFs or Physical Gold? Hidden Dangers In GLD
- Gold Prices See Seventh Day Of Gains After Terrorist Attack In London
- Peak Gold – Biggest Gold Story Not Being Reported
- Silver 1/ 70th The Price of Gold – Silver Eagles Sales Jump
- The Best Ways to Invest in Gold Today
- Gold Cup – Horse Racing’s Greatest Show, Gambling and ‘Going for Gold’
- Gold Up 1.8%, Silver Up 2.6% After Dovish Fed Signals Slow Rate Rises

The Balance of Gold and Silver, Report 2 April, 2017

Published here: http://www.zerohedge.com/news/2017-04-03/balance-gold-and-silver-report-2-april-2017

Last week, we discussed the growing stress in the credit markets. We noted this is a reason to buy gold, and likely the reason why gold buying has ticked up since just before Christmas.

Many people live in countries where another paper scrip is declared to be money—to picture the absurdity, just imagine a king declaring that the tide must roll back and not get his feet wet when his throne is placed on the beach—not real money like the US dollar. It should be obvious, but we have seen much disinformation out there promoting the idea that the dollar is collapsing. Most of the time, most of these people buy dollars as the escape hatch from their native currencies.

They buy the dollar first, and gold (for now) is a distant second.

That leads to the question of silver. Do they buy silver in equal measure as gold, or is silver a distant second to gold, as gold is a distant second to the dollar?

Theory tells us that gold is more portable. It is much, much more portable. First, the same weight of gold is about half the volume of silver. A 1oz gold Maple Leaf coin (which is pure gold) is much smaller than a 1oz silver Maple. And right now, the value of an ounce of gold is just about 70 times greater than the value of an ounce of silver. The math works out that the same value of silver is 126X more bulky than gold.

If you are paying for storage, that may be important. It sure is, if you are thinking you may need to carry it on your person. A gold bar worth $120,000 would fit in your trouser pocket (a bit heavy at 3kg, but you could do it). That much silver would be almost 7 of those big bars which are the size of small loaves of bread. Each. All that silver would weigh about as much as two heavyweight boxers.

Gold is also more liquid.

What does the data tell us about demand for silver relative to gold right now?

We will look at that below in the only true picture of supply and demand in the gold and silver markets. But first, the price and ratio charts.

The Prices of Gold and Silver
The Prices of Gold and Silver

Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It moved down this week. Is it approaching a line of support?

The Ratio of the Gold Price to the Silver Price
The Ratio of the Gold Price to the Silver Price

For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.

The Gold Basis and Cobasis and the Dollar Price
The Gold Basis and Cobasis and the Dollar Price

The price of the dollar fell a bit more (this is the inverse of the rising price of gold, measured in dollars, +$14). But look at that move in the cobasis (i.e. the red line, our measure of scarcity). What does it mean when the price of gold rises, but the metal becomes more scarce?

We have been saying for a few weeks that fundamental buying—when people take real metal home, presumably not to bring it back to the market for the foreseeable future—is “sputtering”.  Last week, gold buying this week was biased towards speculation on futures. This week, the bias is back to physical metal.

Our calculated fundamental price of gold is up over $30. It’s just a hair under $200 over the market price. Gold is being offered at a quite a discount.

Now let’s look at silver.

The Silver Basis and Cobasis and the Dollar Price
The Silver Basis and Cobasis and the Dollar Price

Uh oh. We can see immediately, that the cobasis has fallen in silver about 2/3 as much as it rose in gold. Granted, the price of silver rose 2.9% whereas that of gold went up only 0.5%. The speculators were much more aggressive in the silver market, as they often are.

Our calculated silver fundamental price is up about 40 cents, whereas the market price was up 51 cents. The silver fundamental price is now about $0.80 over the market.

Getting back to our question at the top, we can see in the data that people buy first gold when they fear credit stress and default. Speculators can temporarily move the price quite a lot, as they attempt to front-run the market. So, naturally, they are focusing on the silver market as the general rule when gold goes up, silver goes up more. That may be true when central banks’ stimulus efforts are successful in causing an increase in production of goods, including goods that contain silver.

Less so, when metal buyers are not buying to consume but to opt out of the banking system.

There are people who buy silver metal in preference to gold, for example those who cannot afford to buy gold. But at this stage, the balance favors gold.

We calculate a fundamental gold-silver ratio of about 75.8.

© 2017 Monetary Metals

Sunday, April 2, 2017

Will The Fed Dump Bonds In The Open Market?

Published here: http://www.zerohedge.com/news/2017-04-02/will-fed-dump-bonds-open-market

FED

According to William Dudley, the president of the Federal Reserve bank of New York, we might see the Federal Reserve reducing the size of its balance sheet sooner rather than later. Whilst Dudley seemed to have been hinting at just letting the securities on the balance sheet mature and take the cash out of the market (rather than reinvesting the proceeds), this isn’t the only option on the table.

On the exact same day when Dudley discussed the size of the balance sheet of the Fed, the president of the St Louis Fed, Bullard, also launched his own idea. Rather than just slowly reducing the balance sheet of the central bank by not reinvesting the proceeds from securities which reach their maturity date, Bullard openly discussed the potential to just sell the assets.

Fed 1

Source: St Louis Fed

As you can see on the previous image, the total size of the Fed’s balance sheet is approximately 4.5 Trillion, and figuring out how to reduce it perhaps isn’t the worst idea to investigate. After all, by selling securities on the open market, the Fed will be taking more (easy and cheap) cash out of the market as well. So technically and theoretically, selling (hundreds of) billions in assets on the market could have a similar impact as a rate hike.

After all, selling debt securities will reduce the price of those securities and thus increase the yield to maturity. And this could immediately solve another problem the Fed has been facing.

According to Morningstar, the flattening yield curve is worrying investors, as the spread between the 10 year bonds and 2 year bonds has decreased to just over 1.1%. This could indicate that ‘either the economy is slowing down, or the riskier asset classes are overpriced’.

Fed 2

Source: St Louis Fed

This might very well be true. Due to the cheap money policy of the Federal Reserve and its European counterparts, it became extremely cheap for companies to issue debt. For most robust and strong companies this was a real blessing as the lower interest rates allowed them to cut the interest expenses, which boosted the bottom lines of these companies.

Unfortunately the ultra-low yields (with some companies being able to issue debt with YTM’s of close to 0%) pushed some investors into a ‘yield-chasing’ mode, buying whatever they could to increase the average interest income in their portfolios. This blind yield-chasing has led to some very undesirable results as now even the companies without investment-grade debt quality were able to secure funding.

Fed 3

Source: Bloomberg

And this puts the entire economic system at risk again, as reducing the liquidity in the markets will have  a double undesirable effect. First of all, due to the higher interest rates and higher spread, the demand for sub-investment grade securities will decrease (as the yield-chasing appetite will be reduced); and this could (and very likely will) have a negative impact on the survival chances of those companies. And of course, should they go belly-up, the debt holders very likely won’t recoup their original investment, creating a new round of investment losses and a further contraction in available liquidity as the risk appetite will undoubtedly decrease as well.

Whatever the Federal Reserve wants to do next, it should think long and hard before acting as it won’t be easy to repair the damage...

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