Money Flow Trading Method along with Risk Management

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Martin Armstrong via ArmstrongEconomics.com,

You can feel it in the air. We are heading into the collapse of government and a violent civil war because hatred is rising dramatically. The government is no longer capable of even functioning. The State of the Union was just an example. It did not matter what Trump said. The Democrats will not break party rank and will refuse to comply with anything. The government never acted like this until Hillary lost. Neither side will accept the election in 2020. Western society will crumble by 2032.


There is no going back.

This is how all empires, nations, and city-states have collapsed throughout history. The rule of law vanishes and what emerges is just hatred.
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The entire purpose of civilization is people coming together and working together for a common goal. We have lost all such common ground and both extremes are demanding subjugation of their opponents. This is why revolution unfolds. Neither side is allowed to exist. Each demands the other conforms to their ideas. This is why direct taxation destroys all civilizations for it allows one side to exploit the other.
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Here is one example of a person filled with such hatred who always sends hate mail to me:
The American white male lives in the American past, is ignorant of world history and revolution and glorifies his gun ownership like some cartoon cowboy but doesn’t really know what to do with his guns. He is totally devoid of ideas and lacks the depth to analyze true injustice and would rather go out and commit horrendous mass shootings because he has been brain-washed to support the actual people who are doing him harm. So kills innocent people or supports a Trump.
This is just a prelude to what is to come.
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https://www.gold-eagle.com/article/i...it-has-started

Egon von Greyerz

January 21, 2017


There is only one asset class on the horizon for most investors. Whether it is the professional or private investor, when they consider investing, stocks will always be first on their list. And if we exclude all debt instruments, the stock market is by far the biggest market in the world. Global stock markets are capitalised at around $80 trillion currently.


Stocks – A Stairway To Heaven?
Since the creation of the Fed in 1913, investing has been “a stairway to heaven” (Led Zeppelin). But there have been quite a few stumbling blocks on the way. In 1929 the Dow peaked at almost 400 before the crash. The low of the Dow was in July 1932 at 40 – a 90% fall. It then took 25 years until 1954 for the Dow to get back to 400. This gives an average return of 5% over a 103-year period excluding dividends. This is an excellent return and including dividends the total return approaches 10% annually.


As I have shown in previous articles, the rise of the stock market is very much linked to the increase in debt. Since Reagan came to power in 1981 for example, US debt is up 22X and the Dow up 20X.
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We are now getting to the point when increasing amounts of debt and money printing is required to fuel the stock market. With the Shiller P/E currently at 28.5, the stock market is in bubble territory and approaching the 1929 overvaluation level. But we are not yet in the super-bubble area of 2000. So in theory there is room for this bubble to grow yet bigger.


Caveat Emptor
But even if stock markets can become even more overvalued than currently, they are now at levels which represent unacceptable risk especially when we look at a mean of 16.7of the Schiller inde. This makes the overvaluation 70%. This necessitates a very stern “Caveat Emptor” (buyer beware) to any stock market investor.
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The Investment Secret Of The Century
Although stocks, bonds and property all represent very high risk, few investors look for opportunities outside these markets. And it is for this reason that most investors have totally missed the best performing asset class in this century which is of course precious metals. Most investors don’t look at gold as an investment. Gold is regarded as a volatile commodity and does not appear in the average investment portfolio. Less than 0.5% of world financial assets are invested in gold today. This extremely low level of gold investment shows that very few people understand gold and even fewer look at the performance of gold. Most investors don’t have a clue how gold has performed in the 2000s. If they did know, they would realise that they have missed the best investment in the last 16 years by a very big margin.

The table below shows how gold has done in dollars and pounds compared to the S&P and the FTSE-100.
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This little blue and white table above is the secret of this century. Investors in the US would have made $262,000 more by investing in gold than in the S&P. In the UK, an investor would have made £448,000 more by investing in gold instead of the stock market. Very few Brits realise that by buying gold in 2,000 and never trading it they would have made 5.5X their money. The sad thing is that neither the Brits nor the Americans realise that they would make even more money in the next five years by holding gold and silver.


But the average person sadly never buys an unloved and undervalued investment. He waits until the price has gone up substantially and it becomes headline news.
I have shown above what has happened to two major stock markets in relation to gold in this century. But that is just an example. The pattern and gold’s outperformance is consistent in virtually all stock markets in the world.


Stocks To Lose 95% Against Gold
These incremental returns by investing in gold are the secrets of this century. Only a very infinitesimal percentage of investors are aware of this. But even fewer investors are aware of what will happen in the next few years. Gold will continue to outperform stock markets worldwide by an even bigger percentage. As the chart below shows, the Dow has lost hugely against gold in this century. But that is just the beginning. The current correction up of the Gold/Dow Jones ratio has probably finished. This correction is very similar to the one in the mid-1970s. Next target should be sub 1 where it was in 1980. A 1 for 1 Dow Index vs Gold could be at 10,000 Dow and $10,000 gold or with hyperinflation they could both be at 100,000. At whatever level they meet, it means that the Dow will have fallen by at least 95% against gold. Very few people can envisage such a fall today but it would not be the first time in history.
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Insatiable Silk Road Demand For Gold
As stock markets fall and gold rises, the increased demand for physical gold cannot be satisfied at current prices. Currently the silk-road countries of China, India, Russia and Turkey absorb virtually all annual gold mine production. The chart below shows the insatiable demand for gold in these countries. Since 1995 they have bought a total of 31,000 tons.


Gold Demand In China, Russia, Turkey And India
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The acceleration in the Silk Road gold demand started in 2008 during the Great Financial Crisis. Since that time, these four countries have bought a total of 21,000 tons. That equals an average of 2,600 tons annually which is slightly less than annual global mine production. Some estimates consider the Chinese demand to be grossly understated in these figures. The demand from the Silk Road countries is likely to continue to be very strong in spite of current political problems in India.
As the gold price starts to rise, demand in the West will increase substantially. The dilemma is that this increased demand will take place during a period of falling goldmine production. Currently 3,000 tons are produced annually but this is expected to fall to 2,000 tons by 2025.


Institutional Demand For Gold To Treble
Official inflation figures have for an extended period been between 0% and 2% in most countries. Real inflation is of course considerably higher and even more so if asset inflation is included. But in spite of major increases in credit and money printing, inflation has been low due to low velocity of money. In 2017, we are likely to see an increase in the velocity of money leading to higher inflation and eventually hyperinflation in many countries. As inflation rises, institutional demand for gold will increase for inflation hedging purposes. Currently gold available for investment is around 0.4% of world financial assets. An increase to say 1.4% of global financial assets would involve gold purchases of $5 trillion. With annual gold production including scrap averaging around 3,500 tons in the next 8 years, the total gold production during this 8 year period would be $1 trillion at current prices. Thus there would be a total deficit of $4 trillion (at current prices) between demand and supply.

The only way that the increased investment demand can be satisfied is with higher prices since production cannot be increased. An institution who wants so spend $1 billion on gold would get 25 tons at current prices. But since there will not be enough gold available at the current price of $1,200, prices will need to increase at least fivefold to $6,000 within the next 8 years in order to satisfy the increase in demand. So for the $ 1 billion investment, the institution would get 5 tons of gold rather than 25 tons.

In addition to increased investment demand, there will be an even greater demand from the holders of paper gold. As the gold price rises, there will be a panic in the paper gold market as the paper holders of gold demand delivery. This is likely to push the gold price well above $10,000 in today’s money.
Fundamental And Technical Factors Point To Higher Gold In 2017


There are many fundamental and technical factors that point to an increase in the gold price in 2017. One of these is my good friend Ray Merriman, the foremost financial forecaster using cycles and astrology, who sees the gold price rising strongly staring in 2017 and continuing to at least 2020.

So for investors who hold physical gold and silver, 2017 should be a very interesting year. And for the ones who don’t $1,200 gold and $17 is an absolute bargain compared to what we will see in the next few years. But the most important reason for holding physical gold and silver is not the potential capital appreciation but as a hedge against a bankrupt financial system. Gold and silver is the best insurance anyone can buy as long as it is held outside the banking system.


Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG

matterhorn.gold
goldswitzerland.com

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Blog/Police

Posted Feb 10, 2019 by Martin Armstrong
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The end of the Venetian Empire, otherwise known as the Republic of Venice, traditionally was a sovereign state and maritime republic in northeastern Italy, which existed for over a millennium between the 7th century and the 18th century from 697 AD until 1797 AD. As is the case with ALL Republics as we have today, they descend into oligarchies and during the process they enter the final stage of their death by not just turning against their own people, but the people divide into groups as we see today and they become increasingly hostile toward one another – i.e. Democrats v Republicans.

Today, we are witnessing since the Kavanaugh hearings that unsubstantiated allegations are being hurled at now from both sides targeting anyone in a political office. We have the black-face scandals going on in Virginia to governors being accused by women of various sexual assaults decades ago. In the case of Venice, they set up the network of boxes known as the Mouth of Truth where people could drop anonymous allegations against anyone and they would be presumed to be guilty as is taking place today. The accused person would be even tortured until they confessed just so they would be granted a more painless death. After all, the mere allegation was proof of guilt. Indeed, Edward Gibbon wrote of the Roman Emperor Commodus: Suspicion was equivalent to proof; trial to condemnation (Book 1, Chapter 4). Government always descends into such corruption. That is just a fact of history.

In Venice, one would be taken to the Doge’s Palace upon a mere allegation and then to prison. Later, the prisoner would cross what is known as the Bridge of Sighs or Sorrows after that was constructed for easy access to the prison. The bridge derives its name for it was the last time a prisoner saw the outside world through the window before their imprisonment. The bridge’s name was given to it in history by Lord Byron as a translation from the Italian “Ponte dei sospiri” for prisoners would sigh at their final view of Venice.

Today, we have people making accusations against others from 30 or 40 years ago which can never be proven. It is always he said, she said. We are allowing the very same practice that destroyed the Venetian Empire to flower once again and we cannot stop it until it consumes us all in a battle that will never be won. In law school, they teach you that the Due Process of Law comes from the Bible. God already knew what happened between Cain and Able. He still granted him the Due Process of Law to (1) summon him providing notice and (2) the right to be heard. We no longer allow Due Process of Law. We presume guilt and condemn people without trial.

We are even witnessing elements of the police force have been indoctrinated to see individuals as all potential threats. While there are police who have retained their humanity, there is also a growing number that sees a badge as a license to do whatever they desire. Police and Prosecutors, as well as Judges, are above the law. This is a very serious issue that will tear our societies apart at the seams. Even Thomas Jefferson included such a complaint in the Declaration of Independence – For Protecting them, by a mock trial, from punishment for any murders which they should commit on inhabitants of these states. Ah! How history repeats and we are condemned to watch the majority commit those same errors over and over again without end.


The accounts of police brutalities are countless. But there are also far too many accounts of police bursting into homes as they did to arrest Roger Stone in dramatic fashion and they went to the wrong house. As people assumed there was an intrusion, the police shot and killed homeowners trying to defend themselves. In some cases, they just killed the dog that tried to protect the home. Entering the wrong house is becoming very common. The number of innocent people being killed because of these dramatic scenes the police are staging when they have the wrong house is going off the charts. In every state, this is on the rise. You can imagine if the police went to what they thought was Roger Stone’s house and entered his neighbor’s by mistake.

This kind of dramatic staged event by police is not some video game they get to act out. They are done at pre-dawn to deliberately catch people who are then disoriented. Therein lies the problem. When it is the wrong house and people have no idea it is the police, then shoot back when they can. These stage events must be prohibited by law. The tip-off in the Stone affair to CNN is standard procedure. They want the press there for the PR value. This makes the person appear to be already guilty so just condemn them and be done with it. This emerges throughout history when a government turns against its own people. Unfortunately, we have crossed the Rubicon and there is no going back.

Then there must also be a PRESUMPTION of innocence restored and any newspaper that publishes ANY allegation against someone that is more than 10 years old and was never reported should be a presumption of libel. It has to stop. Nobody can survive such free-wheeling allegations and their families are also victims. Kavanaugh had a 10-year old daughter. We all know how cruel kids can be to one another in school. You can bet she was taunted that her father was a rapist. The mental damaged inflicted on a child stays with them forever. It is not hard to imagine that to run for any office or accept an appointment today, will require second thoughts with respect to your family. Many people I speak to who would otherwise consider being there to really help when the time comes, are turning their back because of how the entire process has degenerated into a political brawl.

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Lawyers. Talking.
VIVA VOCE·THURSDAY, JANUARY 24, 2019

Viva Voce is a new weekly web series launching today featuring fun, playful and authentic conversations with Montreal lawyers. In a talk show setting, the host Daniel Goldwater engages them in informative subjects pertaining to their practice, their career path and their opinions of the ever-changing legal community in hopes of demystifying the profession and encouraging reflection within the community.

Daniel Goldwater is a third-generation practicing lawyer and is the managing partner at Goldwater, Dubé law firm, where he practices with his mother, Anne-France Goldwater, a well-known Canadian lawyer and television personality from the court-style shows L’Arbitre and Goldwater à l’écoute.
“Besides creating an entertainment series that is wildly unique, I hope to humanize the law profession and counter the stereotypes about lawyers,” expressed Daniel Goldwater, executive producer and host of Viva Voce.

The first season’s interviews includes French, English and “Frenglish” conversations about criminal law, same-sex marriage and animal rights law, to name a few, all from the perspective of practitioners in the field. Notable lawyers interviewed include Robert Leckey (Dean of the Faculty of Law at McGill University), Sophie Gaillard (director of animal advocacy at SPCA Montreal), and his own mother, Anne-France Goldwater, among many others.

“I hope Viva Voce engages people inside and outside the legal community,” Goldwater continued, “I hope it shows that lawyers are people from all different walks of life who generally care about contributing to society.”

Viva Voce is set to release three seasons of fifteen episodes in 2019. There are plans to interview lawyers who practice (and formerly practiced) outside of the Quebec region, with a primary focus in Canada.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention."

Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe's populist revolt, Italy, where the country's coalition government hinted at where the global populist wave is headed when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.


Matteo Salvini, the outspoken head of the anti-immigrant League party, said the Bank of Italy and Consob, the country’s stock market regulator, should be "reduced to zero, more than changing one or two people, reduced to zero", or in other words eliminated,and that “fraudsters” who inflicted losses on Italian savers should "end up in prison for a long time."


As the FT notes, this latest broadside against Italy’s financial establishment comes as the two parties which are increasingly at odds with each other amid speculation Salvini may hold elections to become the sole leader of Italy, prepare to run against each other in the European parliamentary elections in May, a contest widely seen as a proxy for national polls. Meanwhile, both leaders have also increased their attacks against targets including the EU and French president Emmanuel Macron.


Confirming the rising animosity between the two coalition partners, the League and Five Star have openly squabbled over the future of an Alpine rail line and migration, while the two leaders’ repeated attacks against France which culminated with Di Maio meeting the leaders of the anti-Macron Yellow Vest moment, triggered a diplomatic crisis which last week saw Paris recall its ambassador from Rome.
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Saturday's latest verbal crackdown targeting of the Bank of Italy comes after central bankers issued more pessimistic economic growth forecasts for this year compared with the numbers underpinning the government’s budget. As we reported last month, Italy entered into a technical recession in the second half of 2018, with the Bank of Italy cutting its GDP forecast for 2019 to 0.6% compared with a 1% forecast made by the government.

At the same time, the European Commission slashed Italy's GDP forecast from 1.2% to a borderline recessionary 0.2% for the full year, hinting that Italy's budget deficit forecast will not only be missed, but could re-emerge as a focal point of renewed tensions between Rome and Brussels in the coming months.

Meanwhile, ECB head Mario Draghi, an Italian and former former governor of the Bank of Italy, last year warned that central bank independence was under threat by populist governments, while not making a direct reference to Italy. Should Salvini cement his de facto Italian leadership in upcoming elections, it would make life for the local central bank especially complicated.

Separately, Di Maio and other Five Star ministers said they want to block Luigi Federico Signorini, the deputy director-general of the Bank of Italy, from renewing his term, according to La Repubblica. The newspaper reported that the Italian cabinet was divided on the issue.

As previously reported, in the latest anti-establishment shot across the bow, several days ago the government nominated Paolo Savona, a veteran economist and prominent Eurosceptic who had previously served as minister for European affairs, as the new president of Consob. Savona was last year been blocked as the coalition’s first choice as economy minister by Italian president Sergio Mattarella, following strong pressure from Brussels and a revolt in the Italian bond market.

https://www.zerohedge.com/news/2019-...shes-socialism

Trump Scores Major Victory with SOTU Speech; The Free Market Crushes Socialism

Written by Nathan McDonald, Sprott Money News
There is no way around it: President Trump’s State of the Union address, held February 5 th, was a massive success for both him and the Republican party.

This was obvious within minutes of the speech ending, as the polling numbers flooded in with news that it was incredibly well received by the vast majority of viewers.

Entering into yet another act of his Presidency, he once again changed gears and came across as a President who was not trying to divide and conquer, but one who sought to bring the country together.

For any rational person—who finds themselves in the increasingly-shrinking political "center", un-radicalized by the far left or far right—this should come as good news.

A message of unity is what is needed now. It could potentially avert one of the greatest political and economic risks that the world currently faces and shatter the echo chambers many have found themselves in.
For this, he was well rewarded, receiving positive reception from even left-leaning polling outlets.
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These numbers shocked many pundits across the board, as no one was expecting such results.

A staggering 97% of Republicans (many of which are "never-Trumpers") and 82% of independents approved of what President Trump had to say.
This comes as a massive blow to the Democratic Party, which suffered bad optics during the speech. The 2020 campaign ads wrote themselves.

At one point, President Trump had large swathes of the Democratic Party on their feet cheering and chanting “USA, USA, USA” alongside the Republicans.

At this point, he knew he had them. "You weren't supposed to do that," he said, grinning smugly the entire time.

Not surprising, Trump’s approval rating jumped and now stands at 49%, a strong number. It is exactly the same as President Obama’s during the same day of his Presidency, and a number that has historically predicted re-election.

What was most well received by all voters was Trump’s attack on the "rise of socialism" within the United States, most notably within the Democratic Party, whose sharp left turn has startled even those within their own party who deem themselves "center left".

This is good news, as it proves that those wishing to end free markets and capitalism are still within the minority.

Unfortunately for President Trump, however, he once again tied himself even more closely with the recent successes of the United States economy. This means that if there is a strong pull back, or renewal of the recession, he is going to suffer immensely.

He has tied himself so closely with the rising stock market and the general success of the economy as a whole that some prominent voices within the Democratic party are actively wishing for a recession to diminish his chances of re-election.

Unfortunately for the majority of the public, I believe these Democrats may get what they are hoping for, as the chances of a recession remain strong.

Geopolitical tensions are still boiling, and the U.S. government shutdown is likely to resume soon. The risks of collapse are startlingly high.

A prudent person would hope for the best and prepare for the worst, protecting themselves while they can by acquiring an insurance policy that has seen people through both the good times and the bad.

Only one has proven itself time and time again: the acquisition of gold and silver bullion.

Trump Scores Major Victory with SOTU Speech; The Free Market Crushes Socialism
Written by Nathan McDonald, Sprott Money News

What The Latest Numbers Mean For Gold And Silver - Weekly Wrap-Up (Feb 8, 2019)

COT Data Supports Further Downside Short-Term in Gold & Silver - David Brady (08/02/2019)

Mr. Palladium Punches Back - Craig Hemke (05/02/2019)

Ask the Expert - Lorne Whitmore - January 2019

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http://www.whatdoesitmean.com/index2785.htm

February 10, 2019
Russia Orders Creation Of Venezuela Coup Model Plan To Free US-EU Citizens From Socialist Tyranny

By: Sorcha Faal, and as reported to her Western Subscribers

Barely a week after President Donald Trump vowed that he would never allow the United States to become a socialist nation, a mind boggling new Foreign Intelligence Service (SVR) report circulating in the Kremlin today reveals that it’s been tasked by the Security Council (SC) to devise a plan keep the Western peoples from falling under tyrannical socialist control—a move deemed vital to Russian national security yesterday after French socialist government military and police forces began firing grenades to maim their unarmed protesting citizens and socialist forces in the US unveiled their master plan to destroy their nation’s entire economy in order to enslave their peoples—but whose actual plan to accomplish this goal sees the SVR stating that they only need to use the exact same one the Americans are using to mount their coup in Venezuela. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]

http://www.whatdoesitmean.com/vene1.jpg

According to this report, for nearly the entirety of the past 20-years, the United States has squandered over $7.6 trillion of its citizens’ wealth (that President Trump called crazy and says could have rebuilt his entire country) rampaging across the globe killing and maiming millions of innocent peoples (including 59,637 US soliders) in order to capture for itself some of the world’s largest oil and natural gas producers (Iraq, Syria) and vital energy transit nations (Syria, Ukraine).


Topping the list of energy rich nations most coveted by the United States, this report explains, is the South American country called the Bolivarian Republic of Venezuela—which happens to have the world’s largest proven oil reserves—and was why, in 2002, the US engineered a coup against its President Hugo Chavez, but that failed when his people and military restored him back to power after 48-hours.

http://www.whatdoesitmean.com/vene2.jpg

After being elected 4-times in elections certified by the international community to have been open, honest, free and fair, this report continues, President Chavez passed away on 5 March 2013—and upon whose death was legally succeeded by Nicolas Maduro—who, likewise won an election to be President in his own right—an election where 31% of all eligible voters (not actual voters but eligible voters) voted and placed him into power, and that’s better than the 27% Trump managed in 2016 or the 24% Obama got in 2012—and was an election certified as fair by no less than 150 electoral monitors from around the world that included President Jimmy Carter who called Venezuela’s election process “the best in the world”—and caused Daniel Kovalik, one of America’s most internationally respected human rights experts, to truthfully report:
I just returned from Venezuela where I was one of 170 international election observers from around the world, including India, Brazil, Great Britain, Argentina, South Korea and France.

Among the observers were two former presidents (of Guatemala and the Dominican Republic), judges, lawyers and high-ranking officials of national electoral councils.

What we found was a transparent, reliable, well-run and thoroughly audited electoral system.

Two unique and endearing features of the Venezuelan process is that both campaigning and alcohol sales are forbidden in the final two days before an election.

What has been barely mentioned by the U.S. mainstream press is that over 54 percent of the voting machines in the April 14 election have been audited to ensure that the electronic votes match the back-up paper receipts.

This was done in the presence of witnesses from both the governing and opposition parties right in the local polling places. I witnessed such an audit, and the Venezuelan electoral commission has since agreed to audit 100 percent of the ballots.

http://www.whatdoesitmean.com/vene3.jpg

Notably absent from observing the free and fair election President Maduro, however, this report details, was the United States government—who instead ordered all of Venezuela’s opposition parties not to participate in the election—thus allowing them to comically claim that the election was illegitimate and proclaim that Maduro was a dictator.


Once the United States declared President Maduro as a dictator, this report notes, the Americans then placed crushing sanctions on the entire Venezuelan economy denying them all access to food, medicine and international banking loans—the predictable outcome of which threw that nation’s economy into an economic death spiral—with the US then proclaiming to the world it was evidence of how President Maduro was destroying his nation.


After having destroyed Venezuela’s economy and leaving its people hungry and sick, this report continues, on 23 January the United States spectacularly declared that Juan Guaidó was the new President of Venezuela—a person over 81% of the Venezuelan people had never heard of before—but who was quickly discovered to have been a wholly created coup leader churned out of the CIA funded “US Regime Change Laboratory” otherwise known as the Georgetown University Latin America Leadership Program in Washington D.C.—and who was placed into power by a single phone call placed to him by US Vice President Mike Pence.

http://www.whatdoesitmean.com/vene4.jpg

Most particularly to be noted about the Venezuela Coup Model being deployed by the United States against a legitimately elected government, this report further notes, is its being based on their new claim that a nation’s leader is only legitimate if elected by the majority of its eligible voters—a standard neither the US or its European Union allies are able to claim as barely 50% of their eligible voters bother to vote, thus meaning that all of their leaders have been elected by eligible voter margins of barely 27%, which is a lesser margin than the 31% received by President Maduro—and that according to America’s new election logic being used against Venezuela, now gives Russia the right to declare that all Western leaders are dictators, too.


A declaration Russia is then able to use, like the US has done in Venezuela, this report concludes, to call any opposition leader in the United States and European Union, no matter how obscure and unknown they may be, and declare them as their country’s new leader—and who if call on Russia to invade their country (like CIA coup leader Juan Guaidó has just done by calling for the US to invade his country) must be seriously considered—and whose abounding absurdities come at the same time one would think globalist hypocrisy couldn't get any worse, but it did—and as best exampled by the Western mainstream propaganda media establishment now telling their citizens “Repeat after me, protests in Venezuela good, protests in France bad!”—and whose only salvation from this madness still resides in President Trump—and about whom now sees SVR intelligence analysts agreeing with America’s most important anti-war experts whose latest assessment shows him working with his neocon warmongering forces in a bid to destroy them over Venezuela like President Kennedy did to them over Cuba, and who state:
How did someone with no political experience, no party, and no real chance to win – under normal circumstances – become President of the United States?


Watching Trump defy, outwit, and ultimately destroy his enemies is quite a sight to see, and surely the most entertainment we’ve had in a long time.

http://www.whatdoesitmean.com/vene5.png

February 10, 2019 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the manybu catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]


[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]

http://news.goldseek.com/GoldSeek/1549858942.php


Published: Sunday, 10 February 2019

By: Ed Steer

YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM
The gold price crawled quietly lower starting shortly after trading began at 6:00 p.m. EST in New York on Thursday evening -- and the low of the day was set shortly after 3 p.m. China Standard Time on their Friday afternoon. It began to edge higher from there, with the high tick of the day...such as it was...coming at 1 p.m. in New York. It was sold a dollar and change lower by the 1:30 p.m. EST COMEX close -- and didn't do much after that.

Once again, the low and high ticks aren't worth looking up.

Gold was closed on Friday in New York at $1,314.00 spot, up $4.20 on the day. Net volume was fumes and vapours once again at a bit over 125,000 contracts -- and there was around 11,200 contracts worth of roll-over/switch volume on top of that.

https://edsteergoldsilver.com/wp-con...190209gold.gif

The silver price followed the same general price pattern in Far East trading on their Friday -- and the low tick in this precious metal came very shortly before the London open. A rather robust rally began at that point -- and the price was capped and turned lower about twenty minutes after the COMEX open in New York. It was sold back to the unchanged mark by the London close -- and about an hour after that it began to head higher until a few minutes after 1 p.m. EST. It didn't do much after that.

The low and high ticks were reported by the CME Group as $15.65 and $15.86 in the March contract.

Silver was closed on Friday in New York at $15.805 spot, up 9 cents on the day. Net volume was exceedingly quiet at about 42,200 contracts -- and there was around 15,700 contracts worth of roll-over/switch volume in this precious metal.

https://edsteergoldsilver.com/wp-con...0209silver.gif

The platinum price began to creep lower starting around 10 a.m. China Standard Time on their Friday morning -- and it was down five bucks by the Zurich open. About two hours after that, it began to edged quietly and unsteadily higher -- and that lasted until 1 p.m. in New York. It traded flat into the 5:00 p.m. EST close from there. Platinum closed up 2 dollars on the day at $798 spot.

https://edsteergoldsilver.com/wp-con...90209plati.gif

The palladium price chopped quietly sideways until Zurich opened -- and then had a huge spike higher...which has now been erased from the Kitco chart below. From that juncture it chopped very unevenly sideways until Zurich closed -- and then crept higher until around 3 p.m. in the thinly-traded after-hours market. It didn't do much after that. Palladium finished the Friday session in New York at $1,386 spot, up 21 bucks on the day...but certainly would have closed well above $1,400 spot, if allowed. Kitco recorded the spot high tick at $1,412.

https://edsteergoldsilver.com/wp-con...190209plad.gif

The dollar index closed very late on Thursday afternoon in New York at 96.51 -- and gapped up 10 basis points the moment that trading began at 7:45 p.m. EST on Thursday evening, which was 8:45 a.m. in Shanghai on their Friday morning. From there, it didn't do much of anything until a minute or so before the London open. It began to head quietly higher from that juncture, with the 96.69 high tick of the Friday session coming at 9:45 a.m. GMT. It began to fade from that point -- and it fell down to its 96.45 low around 8:38 a.m. in New York. I suspect that the usual 'gentle hands' appeared once again -- and it 'rallied' unsteadily higher until ten minutes after the COMEX close. It then drifted sideways until trading ended at 5:25 p.m. EST. The dollar index finished the Friday session in New York at 96.64...up 13 basis points from its close on Thursday.

Here's the DXY chart from Bloomberg once again. Click to enlarge.

https://edsteergoldsilver.com/wp-con.../190209DXY.png

And here's the 6-month U.S. dollar index chart courtesy of the folks over at stockcharts.com -- and the delta between its close...96.42...and the close on the DXY chart above, was 22 basis points on Friday. Click to enlarge.

https://edsteergoldsilver.com/wp-con...-month-USD.png

The gold stocks began to rally the moment that the equity markets opened in New York at 9:30 a.m. EST on Friday morning. They chopped unevenly higher until exactly 3:00 p.m. -- and sold off a bit staring about twenty-five minutes later. The HUI finished up 1.47 percent.

https://edsteergoldsilver.com/wp-con.../190209HUI.png

It was much the same for the silver equities, except the Friday rally ended a few minutes before 3 p.m. in New York trading -- and they also sold off a bit into the close from there. Nick Laird's Intraday Silver Sentiment/Silver 7 Index closed up 1.37 percent. Click to enlarge if necessary.

https://edsteergoldsilver.com/wp-con...09Silver-7.png

Here's a longer-term Silver Sentiment/Silver 7 Index chart from Nick. It shows you how far we've progressed on the current 4-month long rally -- and just how far we have to go to get back to the old highs in mid-2016. Click to enlarge.

https://edsteergoldsilver.com/wp-con...r-Silver-7.png

Here are the usual charts from Nick that show what's been happening for the week, month-to-date -- and year-to-date. The first one shows the changes in gold, silver, platinum and palladium for the past trading week, in both percent and dollar and cents terms, as of their Friday closes in New York - along with the changes in the HUI and the Silver 7 Index.

Here's the weekly chart -- and as you can see from the chart below, the only price activity was in platinum and palladium. Silver and gold -- and their respective equities, did nothing during the week that was. Click to enlarge.

https://edsteergoldsilver.com/wp-con...0209weekly.png

Here is the month-to-date chart -- and since this chart has only one extra day added to it...Friday, February 1...it doesn't look much different than the weekly chart. Click to enlarge.

https://edsteergoldsilver.com/wp-con...th-to-date.png

The year-to-date chart still shows green across the board -- and it should also be noted that the silver equities continue to outperform their golden brethren, especially when you compare them to the gains of their respective underlying precious metals. Click to enlarge.

https://edsteergoldsilver.com/wp-con...ar-to-date.png

With only five weeks gone out of the year, it's hard to tell how the year will turn out. The precious metal market feels a lot different now, but that's just the way it appears at the moment. However, I am optimistic. The DoJ is still lurking about over at JPMorgan -- and in case you've forgotten, the DoJ sentencing date of that former JPMorgan precious metals trader has now been pushed back to June 2019.

The CME Daily Delivery Report showed that 55 gold and 7 silver contracts were posted for delivery within the COMEX-approved depositories on Tuesday.

In gold, the two largest short/issuers were Advantage and ABN Amro with 22 and 20 contracts out of their respective client accounts. The largest of the five long/stoppers was JPMorgan, picking up 20 contracts for its own account, plus 5 for its client account. Tied for second spot were Advantage, with 12 contracts for its client account -- and Citigroup, with 12 contracts for its in-house/proprietary trading account.

In silver, the sole short/issuer was ADM. There were six long/stoppers in total. ADM picked up 2 contracts -- and all the rest picked up 1 contract each.

The link to yesterday's Issuers and Stoppers Report is here.

The CME Preliminary Report for the Friday trading session showed that gold open interest in February fell by 200 contracts, leaving 689 still open, minus the 55 contracts mentioned a few paragraphs ago. Thursday's Daily Delivery Report showed that 191 gold contracts were posted for delivery on Monday, so that means that 200-191=9 more gold contracts disappeared from the February delivery month. Silver o.i. in February declined by 6 contracts, leaving 8 still open, minus the 7 contracts mentioned a few paragraphs ago. Thursday's Daily Delivery Report showed that 8 silver contracts were actually posted for delivery on Monday, so that means that 8-6=2 more silver contracts were added to February.

So far this month there have been 9,136 gold contracts issued and stopped -- and that number in silver is 535.

There were withdrawals from both GLD and SLV on Thursday. An authorized participant removed 37,798 troy ounces of gold from GLD -- and that makes six consecutive days that gold has been withdrawn from GLD. An a.p. took 656,684 troy ounces of silver out of SLV.

There was a tiny sales report from the U.S. Mint yesterday. They sold 1,000 troy ounces of gold eagles -- 1,000 one-ounce 24K gold buffaloes -- 400 one-ounce platinum eagles...but no silver eagles.

Month-to-date the mint has sold 5,500 troy ounces of gold eagles -- 3,000 one-ounce 24K gold buffaloes -- 1,400 one-ounce platinum eagles -- and 285,000 silver eagles.

The only physical movement in gold over at the COMEX-approved depositories on the U.S. east coast on Thursday was 514.400 troy ounces/16 kilobars [U.K./U.S. kilobar weight] that were shipped out of Canada's Scotiabank. I won't bother linking this.

It was another fairly quiet day in silver, as only 472,505 troy ounces were received -- and 483,490 troy ounces was shipped out. All of the 'in' activity was at JPMorgan -- and all of the 'out' activity was at CNT. The link to that is here.

Because of the Lunar/Chinese New Year -- and for the third day in a row, there was no activity over at the COMEX-approved gold kilobar depositories in Hong Kong on their Thursday.

The Commitment of Traders Report, for positions held at the close of trading on Tuesday, January 8, showed a pretty big increase in the short position in silver...which is something I wasn't expecting at all. But in gold, it was precisely the opposite. I was expecting a modest increase in the commercial net short position, but instead it declined by a huge amount.

In silver, the Commercial net short position increased by a hefty 10,937 contracts, or 54.7 million troy ounces of paper silver.

They arrived at that number by adding 4,370 long contracts, but they also added 15,307 short contracts -- and it's the difference between those two numbers that represents their change for the reporting week.

Under the hood in the Disaggregated COT Report, it was all Managed Money traders, plus a bit more, as they added 7,063 long contracts -- and they reduced their short position by 5,602 contracts. So the change for the reporting week was the sum of those two numbers...12,665 contracts.
The difference between that number -- and the changed in the Commercial net short position...12,665 minus 10,937 equals 1,728 contracts...was made up as it always is, by the traders in the 'Other Reportables' and 'Nonreportable'/small trader categories. Here's the snip from the Disaggregated Report so you can see who did what. Click to enlarge.

https://edsteergoldsilver.com/wp-con...ted-silver.png

Ted estimates JPMorgan's short position somewhere between 18-20,000 contracts.
The Commercial net short position in silver is now up to 68,791 contracts, or 344.0 million troy ounces of paper silver...which is a very big number.

Here's the 3-year COT chart for silver, but keep in mind that the data is four weeks old. Click to enlarge.

https://edsteergoldsilver.com/wp-con...COT-silver.png

From a COMEX futures market perspective, this puts silver firmly in bearish territory.

In gold, there was a big positive surprise, as the commercial traders actually reduced their short position by an eye-opening 23,427 contracts, or 2.34 million troy ounces of paper gold. Both Ted and I were expecting a small to modest increase during that reporting week.

They arrived at that number by increasing their long position by 7,320 contracts -- and they also reduced their short position by 16,107 contracts -- and it's the sum of those two numbers that represents their change for the reporting week.

Under the hood in the Disaggregated COT Report, the Managed Money traders made up most, but not all of the change in the commercial net short position. They reduced their long position by 8,515 contracts -- and they also added 9,198 short contracts. It's the sum of those two numbers...17,713 contracts...that represents their change for the reporting week.

The difference between that number -- and the commercial net short position...23,427 minus 17,713 equals 5,714 contracts...was made up by the traders in the other two categories, with most of the change coming in the 'Other Reportables' category. Here's the snip from the Disaggregated COT Report in gold, so you can see these changes for yourself. Click to enlarge.

https://edsteergoldsilver.com/wp-con...gated-gold.png

What this indicates according to Ted, is that the Managed Money traders actually made some money during this particular reporting week...all at the expense of the commercial traders.
The commercial net short position in gold is down to 12.12 million troy ounces, which easily puts it into the neutral-to-bullish category on an historical basis.

Here's the 3-year COT chart from Nick Laird, updated with this data -- and don't forget that this data, like for silver, is four weeks old. Click to enlarge.

https://edsteergoldsilver.com/wp-con...09COT-gold.png

As I said earlier this week when the first COT Report appeared, I won't be updating platinum, palladium or copper numbers until we're all caught up...which looks like it will happen with the COT Report on March 1.

And for the same reason, I won't be including my usual weekly discussion on the 'Days to Cover Short Positions' in silver, either.

Well, dear reader...in summing up, my predictions for this COT Report were far off the mark, as it was materially worse in silver than I thought it would be -- and diametrically opposite to what I was expecting in gold. And for that reason, I shan't be making any more predictions as to what may or may in all the upcoming COT Reports until they're current. The next one will be posted on the CFTC's website on Tuesday.

The January Bank Participation Report [BPR] data is extracted directly from the above Commitment of Traders Report. It shows the number of futures contracts, both long and short, that are held by all the U.S. and non-U.S. banks as of Tuesday's cut-off in all COMEX-traded products. For this one day a month we get to see what the world's banks are up to in the precious metals -and they're usually up to quite a bit. The January BPR covers all of December.

In gold, 5 U.S. banks were net short 71,520 COMEX contracts in the January BPR. In December's Bank Participation Report [BPR]...which covers November...these same 5 U.S. banks were net short 62,191 contracts, so there was a fairly big increase...9,329 contracts...since a month ago. But that number would have been far larger, if it hadn't been for that surprise increase in the commercial trader's long position reported in the above COT Report. That decreased this reported short position by around 23,000 contracts...as virtually all the large commercial traders are U.S. banks.

Also in gold, 28 non-U.S. banks are net short 48,209 COMEX gold contracts, which is less than two thousand contracts per bank. In the December BPR, 28 non-U.S. banks were net short only 26,074 COMEX contracts, so the month-over-month increase has almost doubled...22,135 contracts worth. However, I suspect that there's at least one large non-U.S. bank in this group. Scotiabank still holds a fairly hefty short position in gold, but their trading activity in the precious metals has come to a screeching halt, so I suspect that another foreign bank has picked up the slack. I'm suspecting France's central bank.

As of this Bank Participation Report, 33 banks [both U.S. and foreign] are now net short 26.3 percent of the entire open interest in gold in the COMEX futures market, which is up from the 22.1 percent they were short in the December BPR.

Here's Nick's chart of the Bank Participation Report for gold going back to 2000. Charts #4 and #5 are the key ones here. Note the blow-out in the short positions of the non-U.S. banks [the blue bars in chart #4] when Scotiabank's COMEX short position was outed by the CFTC in October of 2012. Click to enlarge.

https://edsteergoldsilver.com/wp-con...09BPR-gold.png

In silver, 5 U.S. banks are net short 43,606 COMEX silver contracts in January's BPR. According to Ted, JPMorgan holds around 18-20,000 contracts of that amount. I suspect that Citigroup holds a very decent short position now as well. In December's BPR, the net short position of these U.S. banks was 24,883 contracts, so the short position of the U.S. banks is up a whopping 18,723 contracts from November.

Also in silver, 21 non-U.S. banks are net short 26,771 COMEX contracts...which is up big from the 15,626 contracts that these same non-U.S. banks were short in the December BPR. I would suspect that Canada's Scotiabank still holds a goodly chunk of the short position of the non-U.S. banks. But it certainly looks like a new player may have emerged on the short side, although that's only speculation on my part. But even taking that into account, I believe that a number of the remaining 19 or 20 non-U.S. banks are actually net long the COMEX futures market in silver. But even if they aren't, the remaining short positions divided up between these other 19 or 20 non-U.S. banks are immaterial - and have always been so.

As of January's Bank Participation Report, 26 banks [both U.S. and foreign] are net short 37.8 percent of the entire open interest in the COMEX futures market in silver-which is up a monstrous amount from the 22.5 percent that they were net short in the December BPR - with much, much more than the lion's share of that held by JPMorgan, Citigroup, Scotiabank..and perhaps one other.

Here's the BPR chart for silver. Note in Chart #4 the blow-out in the non-U.S. bank short position [blue bars] in October of 2012 when Scotiabank was brought in from the cold. Also note August 2008 when JPMorgan took over the silver short position of Bear Stearns-the red bars. It's very noticeable in Chart #4-and really stands out like the proverbial sore thumb it is in chart #5. Click to enlarge.

https://edsteergoldsilver.com/wp-con...BPR-silver.png

In platinum, 5 U.S. banks are net short 12,495 COMEX contracts in the January Bank Participation Report. In the December BPR, these same banks were net short 11,039 COMEX contracts...so it's a smallish increase month-over-month. [At the 'low' back in July of 2018, these same five U.S. banks were actually net long the platinum market by 2,573 contracts.] That's quite a change in five months.

Also in platinum, 18 non-U.S. banks are net short 6,864 COMEX contracts, which is up from the 5,752 contracts they were net short in the December BPR. But compared to the short positions of the 5 U.S. banks, the short positions of the non-U.S. banks are mostly immaterial. [Note: Back at the July 2018 low, these same non-U.S. banks were net short only 1,192 COMEX contracts.]
And as of January's Bank Participation Report, 23 banks [both U.S. and foreign] are net short 22.3 percent of platinum's total open interest in the COMEX futures market, which is up a hair from the 21.8 percent they were net short in December's BPR.

Here's the Bank Participation Report chart for platinum. Click to enlarge.

https://edsteergoldsilver.com/wp-con...R-platinum.png

In palladium, 4 U.S. banks were net short 6,139 COMEX contracts in the January BPR, which is down a bit from the 7,031 contracts they held net short in the December BPR.

Also in palladium, 13 non-U.S. banks are net short 2,272 COMEX contracts-which is up a bit from the 1,857 COMEX contracts that these same non-U.S. banks were short in the December BPR.

When you divide up the short positions of these non-U.S. banks more or less equally, they're immaterial, just like they are in platinum...especially when you compare them to the positions held by the 4 U.S. banks.

As of this Bank Participation Report, 17 banks [U.S. and foreign] are net short 29.4 percent of the entire COMEX open interest in palladium. In December's BPR, the world's banks were net short 33.8 percent of total open interest, so there's been a bit of a decrease in the concentrated short position of the banks in this precious metal.

Here's the palladium BPR chart. You should note that the U.S. banks were almost nowhere to be seen in the COMEX futures market in this metal until the middle of 2007-and they became the predominant and controlling factor by the end of Q1 of 2013. Click to enlarge.

https://edsteergoldsilver.com/wp-con...-palladium.png

I don't wish to read too much into this current Bank Participation Report, as the data in it is a month out of date. But I'm certainly not happy about the monstrous increase in the short position held by the world's bank in COMEX silver...which is the second biggest short position they've every held -- and I have records going back to mid-2014. The largest short position in silver these banks have held was back in April of 2017, when they were short 75,009 COMEX contracts, compared to the 70,377 COMEX contracts they're short in this January's BPR.

With a bearish COMEX set-up like this, there's no reason why JPMorgan et al couldn't hammer the silver price into the dirt if they choose to do so...but so far they haven't -- and I don't know why. Maybe the DoJ snooping around the halls over at JPMorgan has something to do with it. But whatever the reason, there has to be some sort of resolution. Either it's the 'same old, same old'...or they get overrun.

The Grouville Hoard is a hoard of an estimated 70,000 late Iron Age and Roman coins reported in June 2012. They were discovered by metal detectorists Reg Mead and Richard Miles in a field at an undisclosed location in the parish of Grouville on the east side of Jersey in the Channel Islands. It is the largest hoard ever found in Jersey, and the first major archaeological find made by metal detectorists on the island.

The hoard is thought to have belonged to a Curiosolitae tribe fleeing Julius Caesar's armies around 50 to 60 B.C.

Mead and Miles started metal detecting in the area where the hoard was reported in the early 1980s after they heard about a farmer who some years earlier had discovered a number of silver coins in an earthenware pot while pulling out a tree from a hedgerow. However, as they did not know the exact location of the find, and as the current owner of the farm would only allow them to metal detect once a year for 10-15 hours after the crops had been harvested, it took about 30 years before they eventually managed to locate the hoard.

Conservation and examination of the hoard is ongoing, and as the individual items have yet to be removed from the clay mass in which they are embedded, the exact contents of the hoard are unknown. In addition to an estimated 70,000 Celtic and Roman silver coins, the hoard is believed to include some items of jewellery, including two gold necklaces and a silver brooch.

Philip de Jersey, an expert on Celtic coins, has suggested that the coins could be valued at between £100 and £200 each, in which case the entire hoard may be worth between £7m and £14m. Click to enlarge.

https://edsteergoldsilver.com/wp-con...209Photo-1.jpg
https://edsteergoldsilver.com/wp-con...209Photo-2.jpg

I have a reasonable number of stories for you today, including a couple that I've been saving for Saturday's column.
CRITICAL READS
Should We "Abolish Billionaires"? -- Bill Bonner
Whenever you see the "we should do this" or "we should do that" in the public media, it is always followed by something that is idiotic or immoral.

Usually both.

Yesterday was no exception.

"It's high time we abolish billionaires" says a serious front-page story in The New York Times. The "rich" are becoming the new villains... the "them" that will rally mobs... and voters... to action:

https://goldswitzerland.com/the-valu...ee-whatsoever/

Hi Bruce, can I call you? If yes, what time ?. Or I should wait for your call.

I can call you in about 90 Minutes !!!


BWM

https://www.facebook.com/FrankVaugha...TI2OTE5MDc3Ng/


PLEASE LISTEN!!!


Benjamin

https://mailchi.mp/60b03227fcf7/givi...n?e=435bd230ed

Terumah begins with a call to Israel by the Creator through Moshe Rabenu: Ex 25:1-2 1 “And the LORD spoke to Moses, saying: 2 'Speak to the children of Israel, that they take for Me an offering; of every man whose heart makes him willing you shall take My offering”. The Creator spoke to Moshe directing him to tell the people to bring a contribution to the tent, anyone whose heart was “willing”. The word lev or heart has nothing to do with feelings rather with reason and intention. The Creator wanted the people to bring their gifts, rationally not emotionally. This is very important. Why is it so difficult for people to give? The harder it is for a person to give, the more miserable he becomes. It is like being tied to something empty. Do you give because you are seeking attention or is it truly coming from your heart? When we give let us not look for human adulation only for God’s acceptance.

The Creator is teaching us a principle here. He never uses the word “give – ten - תן”; He always uses the word “take – kach - קח”, the reason being that He doesn’t need anything from us. We’re the ones who need from Him. When we take something to Him, it carries with it the notion that we are simply returning something to Him that He has already provided yet how many of us are even stingy with that. Rabbi Yeshua spoke about the good eye (generous) and the bad eye (stingy). The tighter we are with our possessions, the more they become our masters, causing us to be the most miserable of creatures. We often give what we don’t need. This is almsgiving where we give the least instead of the best. That is not giving. True giving is when we bring the most important things that we have. Often those here who give the least act as if they are doing us a favor, but they only are cheating themselves. The children of Israel gave so much that Moshe had to ask them to stop bringing. I look forward to the day I have to say that to everyone here.

In this portion Terumah there seems to be a pause in the narrative, and we are being told to build a Mishkan, a sanctuary in which the Presence of the Boreh Olam would appear. It would be filled with the many beautiful elements that they brought with them from Egypt. In Ex.12:36 it says that the Lord made the Egyptians have grace upon the Israelites and to give everything to the people so that Israel literally plundered Egypt. These elements that the Creator asked the people to bring to the tent were gold, silver, copper, turquoise – the cream of the crop.

Why did they need all these elements? Let’s take a step back to see where the people were coming from. They had just left Egypt where they had been slaves and now, they were free. However, they still had the virus of Egypt in their system. They had been mesmerized by the grandiosity of these huge temple dedicated to the various gods. Compare this tent in the desert with the huge temples of Egypt. Where was their focus, on the structure or upon Him? The community would gather daily at the tent, which had become their community center and the Creator would show them that His Presence would always be with them. The outside of the tent was very ordinary while the inside shone with these elements and His Presence.

The chapter of the golden calf was in the middle of the chapters which describe the building of the Mishkan and serve to envelop or cover that sin. However, today, although we are in the year 2019, we still have the golden calf, Egypt inside us. Have you completely eliminated Egypt from your lives? The Creator never asked us to build a Temple and even King Solomon agreed that He could not be housed inside a dwelling. In Ex 25:8 He said, make me a sanctuary in which I will dwell “among them”, not “in it” since our Creator dwells in all of us. This community center in which we house our Torah is where we meet on Shabbat to have fellowship and to enjoy our relationship with the Creator. It is not about form but about our hearts; our heart is not about feeling, it is about our will and intention.

In spite of our size compared to other nations, the Jewish community gives more to the world ‘per capita’ than any other no matter how vast in size and number. This is because of the Torah and they do so willingly. Why do the Jews have such a bad reputation for being stingy? This lie was promulgated among those nations that are simply envious. If we look at the history in the Torah of all those who gave willingly, you will see a pattern emerge: Abel brought his offering to God with a willing heart and Cain killed him. Moshe served the Boreh Olam with a willing heart and Pharaoh tried to kill him, as did so many others in our history.

Has your heart been moved to take to the Creator because you are His partner? If you do not have a willing heart, I recommend that you do not give. That makes you a hypocrite. He is asking you to take, not to give! The first thing you need to take to Him is yourself. We don’t do favors to anyone least of all Him when we give begrudgingly. When we give with a willing heart, we experience a transformation within and our lives flourish. He asked us to bring the most expensive items so that we could show Him where are heart is. Are we tied to our possessions or to Him? Your God or god is shown through your pocket! Sadly, very few understand this message. Some throw crumbs thinking that they are doing something great.

Giving is an act of “reason and will”, not emotion. Don’t be fooled by your emotions into thinking that almsgiving is a good thing. If you say that you are going to give, then do it. Always bring yourself to Him first; the rest will fall into place. Remember also that Ex.12:38 tells us that the Israelites were accompanied by many foreigners – erev rav - עֵרֶב רַב…the Creator has always called those outside Israel to be integrated into our people. The Torah is a guide for all. When you become one with us, you also come to serve the Boreh Olam with a willing heart.



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Hello
I tried to reach you just now and your messages are blocked. Going to Watch Grammies Now Tomorrow after 7 PM Now


Good Evening !!!


BWM

https://kingworldnews.com/greyerz-on...ill-ever-read/

A Change In The World For Years To Come
February 10 (King World News) – Egon von Greyerz: There are critical moments in time that can change history. This week I will talk about two lines which are extremely important, as these two lines will change the world for years to come. The first is a ‘Chinese Line’ which is strongly linked to China’s history. That line has an important connection with what will happen in the world in coming years. The second line is a ‘Gold Maginot Line’ which will also shape the world for many years or even decades…

Listen to the greatest Egon von Greyerz audio interview ever

by CLICKING HERE OR ON THE IMAGE BELOW.

https://kingworldnews.com/wp-content...erland-MAM.jpg

Japan Looted More Than 6,600 Tonnes Of Gold From China
Egon von Greyerz continues: “The history of China and gold is fascinating, and even more so when Japan’s looting of Chinese gold is added to the story. Japan was interested in the Chinese gold since the Sino-Japanese war in 1894. Japan spent time and resources on the Manchurian gold exploration from that time to the end of WWII. Japan is said to have looted a considerable amount of gold from mines in northeastern China. Not only that, but in 1937 as the Civil War in China was raging and Mao and the communists pushed Chiang Kai Shek out, the Japanese invaders stole 6,600 tonnes of gold from the Chinese capital Nanking. This is a lot of gold! The value today would be $280 billion.


The West Will Never Get Its Gold Back
The US is allegedly the biggest gold holder in the world with 8,000 tonnes. But as I wrote in a recent KWN article, most of that gold is probably in China and the rest spread throughout Asia as the US has disposed of or leased most of its gold. The US will never get back the gold, and whatever they have leased is also gone forever. The Fed and most central banks lease gold into the market in order to earn a return as well as to unnaturally suppress the gold price. This gold used to stay in London or New York with the LBMA bullion banks. But today, Silk Road countries, including Russia, buy all the gold they can vacuum out of the West. Thus, the LBMA banks give the central banks an IOU and then sell the physical gold to the East. For the central banks, that gold is gone forever. The LBMA will never find sufficient gold to hand the gold back to them, so that paper gold IOU is totally worthless. This means that the LBMA banks will fail as they can’t make good on their physical gold commitments. Meanwhile, the central banks’ vaults will remain empty, leading to a collapse of the country’s currency and a surge in the gold price.


The US Used The Looted Gold For Black Operations Around The World
Circling back to the looted gold, the 6,600 tonnes that Japan stole from China became part of the Yamashita gold. This was gold and treasures that Japan looted all over Asia from China, Korea, Indonesia, and Malaysia. The gold was hidden mainly in the Philippines and Japan. Yamashita was the Japanese general in charge of constructing massive and very intricate tunnels to hide the stolen gold and the other treasures. The looting and hiding of the gold involved massive atrocities committed by the Japanese army.
https://kingworldnews.com/wp-content...ow-Failing.jpg


Major parts of this gold have been found by the US and reportedly used for black operations all around the world.
https://kingworldnews.com/wp-content...-I-2102019.jpg


The Chinese people have learned the hard way the importance of gold. China was the first country to introduce fiat money during the Tang Dynasty circa 740 BC. The value of the Chinese fiat money remained stable until the Yuan Dynasty in the 13th and 14th centuries. This was the first period of Chinese hyperinflation as they printed vast amounts of money to fund their wars.


China’s Tragic And Terrifying Hyperinflation
Later, in the 1930s and 40s, Chinese money lost its value completely as the Chiang Kai Shek rule was coming to an end. He was was the president of Mainland China from 1928 to 1949. Chiang started in grand style. Loans made up 49% of the government revenue in 1929. The finances deteriorated further after the Japanese invasion in 1932. In the final years of Chiang’s rule, the Chinese economy was collapsing and money printing was rampant. One US dollar was worth 3.4 yuan in 1937. But by 1949, one US dollar was worth 23 million yuan.

China’s inflation rate reached a maximum monthly rate of 2178% in May 1949 with an equivalent daily inflation rate of 11%, according to the Cato Journal. The highest denomination at the time was 6 billion yuan.

Why: China’s nationalist government took over the nation’s banks and switched from silver standard to fiat currency. It then used the currency to monetize its debt (sound familiar) and continued printing money during the war with Japan and the civil war fought against Mao’s communist forces (see chart below).

https://kingworldnews.com/wp-content...-2102019-1.jpg


Cue The Panic
The Chinese understanding of the importance of gold started during this hyperinflationary period as economic conditions deteriorated severely. The photographer Henri Cartier-Bresson captured, in the famous picture below, a proper Chinese gold run. In December 1948, as the currency became worthless, the Nationalist government decided to issue 40 grams of gold per person. As the photo shows, there was total panic to get hold of the life saving gold and many people were literally crushed to death.
https://kingworldnews.com/wp-content...II-2102019.jpg


The Chinese understanding of the importance of gold started during this hyperinflationary period as economic conditions deteriorated severely. The photographer Henri Cartier-Bresson captured, in the famous picture below, a proper Chinese gold run. In December 1948, as the currency became worthless, the Nationalist government decided to issue 40 grams of gold per person. As the photo shows, there was total panic to get hold of the life saving gold and many were crushed to death during the mayhem.


This would be an anathema to anyone in the West. Virtually no individual saves any of his money in gold. Instead, the average American or European spends all of his income and then borrows a lot more for consumption, studies, cars, and housing.


The Chinese Gold Line
The Chinese Gold Line is the first line which I mentioned at the beginning of the article. Virtually nobody in the West understands the significance of this line. The line signifies the desperation of people after a period of severe mismanagement of a country’s finances. The whole world today is in a similar situation. After over 100 years of destruction of paper money through the buildup of massive credit and money printing, we will soon get to the point when people around the world will be desperate to get hold of real money (gold). But at that point it will be too late.


Today There Are Virtually No Gold Shops In The West
Interestingly, there are virtually no gold shops to be found in the West. London has two specialized shops where gold bars and coins can be purchased. In Zurich there is one in the centre and one outside. The same goes for most cities. A few decades ago, virtually every Swiss bank sold gold and had gold in the windows. That is all gone. And UBS used to have specialist gold counters in many places but they are also gone. Admittedly there are a number of online gold sellers.


No Gold Available During The Coming Panic
Within the next few years, we will see similar panic lines in front of the few gold shops that still exist today. The panic will be worse because these shops will have no stock to sell, not even the 40 grams ($1,800 today) that the Chinese got in 1938. When the masses wake up to the fact that gold is the only way to survive the coming crisis, there will be no gold available at any price. The paper gold dealers like Comex or the LBMA banks will have defaulted on their commitments since they have no gold to deliver against massive amount of paper claims, which are many 100s of times larger than the available gold stock.


So for anyone who wants to own some gold, now is the time to buy it, not when the papers start writing about gold or the television broadcasts the panic in the gold market. Then it is too late and you will not get any gold at any price. Again, today is the time to get your gold because tomorrow will be too late. And if I am slightly off on my timing, all you have done is to buy life saving insurance a few days too early.


The Gold (Maginot) Line
The second line is what I call the Gold Maginot Line. Maginot was the French minister of war before WWII started. He built a very intricate line of fortifications to protect France from attack by Germany. The line was impervious to most forms of attacks and had underground garrisons, railways etc.
https://kingworldnews.com/wp-content...VI-2102019.jpg


Still, the Germans attacked north of the line through Holland and Belgium and eventually managed to break through in the Ardennes forest. The modern use of the Maginot line expression is a strategy which inspires a false sense of security.

The Maginot Line, or Gold Maginot Line, I refer to is the line of resistance in the gold price since August of 2013. As the chart below shows, the gold price has been held below the $1,350 level for the last 5 1/2 years.

Western Gold Maginot Line Will Be Overrun In 2019

https://kingworldnews.com/wp-content...II-2102019.jpg


Western Gold Maginot Line Will Fall Shortly
The Gold Maginot Line was attacked in 2016 and 2018, but was successfully defended both times by an increasingly desperate West. Regardless, whether the line just represents 5 years of consolidation or whether it has been actively defended by the BIS and bullion banks doesn’t really matter. No one must believe that the line will hold. It is extremely likely to be decisively penetrated in 2019, and most likely within the next 90 days. And once it is broken, the lengthy gold correction will finally be viewed as being over and the price of gold will be well on its way to new all-time highs and beyond.


Once the Gold Maginot line is broken, that creates the conditions for the Chinese Line, which means a panic in the West to get hold of gold that will be met with permanent shortages. So the current belief in the West that gold has lost its luster, which has led to complacency since the peak in 2011, is extremely dangerous.


CAUTION: Do Not Wait Any Longer
But as I said previously, don’t wait for either of these lines to be penetrated, triggering panic. Because when that happens, it will soon become extremely difficult to get hold of physical gold at any price. And remember, you are not buying gold for investment. Instead, you are buying gold for wealth preservation or insurance purposes, which means for financial and physical survival. Without that you could end up like the Venezuelans or any other historic victims of hyperinflation…For those who would like to read more of Egon von Greyerz’s fantastic articles

CLICK HERE.
KWN has now released the fascinating KWN audio interview with Rick Rule CLICK HERE OR ON THE IMAGE BELOW.


***Also just released: Rick Rule – The Time To Buy Gold CLICK HERE TO READ.

sorry to miss your call, can I phone you now??

Good Evening Tomorrow !!!


BWM

https://www.zerohedge.com/news/2019-...ops+to+zero%29

On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention."

Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe's populist revolt, Italy, where the country's coalition government hinted at where the global populist wave is headed next when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.


Matteo Salvini, the outspoken head of the anti-immigrant League party, said the Bank of Italy and Consob, the country’s stock market regulator, should be "reduced to zero, more than changing one or two people, reduced to zero", or in other words eliminated,and that “fraudsters” who inflicted losses on Italian savers should "end up in prison for a long time."


As the FT notes, this latest broadside against Italy’s financial establishment comes as the two parties which are increasingly at odds with each other amid speculation Salvini may hold elections to become the sole leader of Italy, prepare to run against each other in the European parliamentary elections in May, a contest widely seen as a proxy for national polls. Meanwhile, both leaders have also increased their attacks against targets including the EU and French president Emmanuel Macron.


Confirming the rising animosity between the two coalition partners, the League and Five Star have openly squabbled over the future of an Alpine rail line and migration, while the two leaders’ repeated attacks against France which culminated with Di Maio meeting the leaders of the anti-Macron Yellow Vest moment, triggered a diplomatic crisis which last week saw Paris recall its ambassador from Rome.
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Saturday's latest verbal crackdown targeting of the Bank of Italy comes after central bankers issued more pessimistic economic growth forecasts for this year compared with the numbers underpinning the government’s budget. As we reported last month, Italy entered into a technical recession in the second half of 2018, with the Bank of Italy cutting its GDP forecast for 2019 to 0.6% compared with a 1% forecast made by the government. At the same time, the European Commission slashed Italy's GDP forecast from 1.2% to a borderline recessionary 0.2% for the full year, hinting that Italy's budget deficit forecast will not only be missed, but could re-emerge as a focal point of renewed tensions between Rome and Brussels in the coming months.


Meanwhile, ECB head Mario Draghi, an Italian and former former governor of the Bank of Italy, last year warned that central bank independence was under threat by populist governments, while not making a direct reference to Italy. Should Salvini cement his de facto Italian leadership in upcoming elections, it would make life for the local central bank especially complicated.


Separately, Di Maio and other Five Star ministers said they want to block Luigi Federico Signorini, the deputy director-general of the Bank of Italy, from renewing his term, according to La Repubblica. The newspaper reported that the Italian cabinet was divided on the issue.


As previously reported, in the latest anti-establishment shot across the bow, several days ago the government nominated Paolo Savona, a veteran economist and prominent Eurosceptic who had previously served as minister for European affairs, as the new president of Consob. Savona was last year been blocked as the coalition’s first choice as economy minister by Italian president Sergio Mattarella, following strong pressure from Brussels and a revolt in the Italian bond market.

World News

https://finviz.com/news.ashx?v=2

World Futures

https://finviz.com/futures.ashx

Forex Prices

https://finviz.com/forex.ashx

Cryptocurrency Prices

https://finviz.com/crypto.ashx

Bond & Notes Charts

https://finviz.com/futures_charts.ashx?t=BONDS&p=d1

Charts 10 Year Notes

https://finviz.com/futures_charts.ashx?t=ZN&p=d1

Charts 5 Year Notes

https://finviz.com/futures_charts.ashx?t=ZF&p=d1

Charts GOLD

https://finviz.com/futures_charts.ashx?t=GC&p=m5

Charts DJIA DOW 30

https://finviz.com/futures_charts.ashx?t=YM&p=m5

Charts 2 Year Notes

https://finviz.com/futures_charts.ashx?t=ZT&p=d1

Charts USD

https://finviz.com/futures_charts.ashx?t=DX&p=m5

Charts Euro EUR/USD

https://finviz.com/forex_charts.ashx?t=EURUSD&tf=m5

Charts British Pound GBP/USD

https://finviz.com/forex_charts.ashx?t=GBPUSD&tf=m5

Charts YEN USD/JPY

https://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5

FLASH CRASH SEE CHART

https://finviz.com/forex_charts.ashx?t=USDCHF&tf=m5

https://www.zerohedge.com/news/2019-...-flash-crashes

One month after various Yen, Lira and Pound cross flash-crashed in the aftermath of Apple's shocking guidance cut, moments ago the Swiss franc was the latest currency to flash crash when the haven currency sold off sharply against dollar and yen and euro just after 5pm EDT, as dealers took advantage of the non-existent holiday liquidity (japan is closed) to execute a stop-loss run, according to Asia-based FX traders quoted by Bloomberg.
As a result, the USD/CHF soared as much as 0.9% to 1.0096 before paring move to be up 0.4% at 1.0045; the CHFJPY slumped 0.4% to 109.22 while the EURCHF surged as much as 1.14081 before paring gains.
However, as so often happens, moments after the initial crash, BTFDers emerged and all of the pairs are now stronger on the day, as the pile up extends this time to the opposite direction.
https://zh-prod-1cc738ca-7d3b-4a72-b...%20crosses.jpg

https://moneymaven.io/mishtalk/econo...UOa2pIzhEPitg/

IMF Cuts 2019 Global Growth Forecasts Again: "We Have No Idea," Says Lagarde


https://imageproxy.themaven.net/http...aUyArbCgR__UbA
https://imageproxy.themaven.net/http...%3Fversion%3D0


byMish

6 hrs[COLOR=rgba(0, 0, 0, 0.38)]-edited[/color]


For the fourth time since October, the IMF revised its global growth forecast lower.


The Wall Street Journal reports IMF Lowers 2019 Global Growth Forecast.


The global economy is starting the year on weaker footing, according to new quarterly forecasts from the International Monetary Fund.

The global economy is starting the year on weaker footing, according to new quarterly forecasts from the International Monetary Fund.
That report was on January 21. For details, see the IMF's World Economic Outlook Update, January 2019.

Today, Lightening Bolts and Clouds
Please consider IMF Warns of Global Economic "Storm" as Growth Undershoots.

Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.

Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.

The risks include "trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy", she said.

Lagarde said trade tensions -- mainly in the shape of a tariff spat between the United States and China, the world's two biggest economies -- are already having a global impact.

"We have no idea how it is going to pan out and what we know is that it is already beginning to have an effect on trade, on confidence and on markets," she said, warning governments to avoid protectionism.


Lagarde also pointed to the risks posed by rising borrowing costs within a context of "heavy debt" racked up by governments, firms and households.

"When there are too many clouds, it takes one lightning (bolt) to start the storm," she said.

"We Have No Idea"
The IMF is perpetually far behind the curve. It never sees the clouds or the lightening bolts in real time.


It's refreshing to hear Lagarde say "we have no idea". The IMF should say that every month.

Mike "Mish" Shedlock



Benjamin