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 | Jesse - Le Cafe Américain |
 Gold Daily and Silver Weekly Charts - When the Unsustainable No Longer Sustains |
| “Crime, once exposed, has no refuge but in audacity.”
Tacitus, Annals
Gold and silver were hit early on today, and knocked lower on high volume in relatively quiet trade, while the stock market was being pumped higher.
The Fed would like to set the stage for their FOMC meeting next week, and rather badly so. They are afraid to do it with these unstable equity and bond markets, because if they raise and then the market breaks, then they will be blamed for it. You can see that the IMF and thThursday, September 10, 2015 |
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| Jesse - Le Cafe Américain |
| 'Claims Per Deliverable Ounce' Likely Soared to over 200:1 as JPM Pulls Another Large Tranche |
| JP Morgan, who as I shared last month tends to move large amounts of gold into the registered (deliverable) category on the Comex just in the nick of time, took another huge tranche of gold out of that category last Friday.
Registered (deliverable) gold is now down 202,000 troy ounces or a little over 6 tonnes, a level which we have not seen there since Nick Laird started keeping track of the Comex warehouses in 2003.
A quick calculation that awaits the updated open interest figure shows thatTuesday, September 8, 2015 |
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| Jesse - Le Cafe Américain |
| 'Claims Per Deliverable Ounce' Likely Soars to over 200:1 as JPM Pulls Another Large Tranche |
| JP Morgan, who as I shared last month tends to move large amounts of gold into the registered (deliverable) category on the Comex just in the nick of time, took another huge tranche of gold out of that category last Friday.
Registered (deliverable) gold is now down 202,000 troy ounces or a little over 6 tonnes, a level which we have not seen there since Nick Laird started keeping track of the Comex warehouses in 2003.
A quick calculation that awaits the updated open interest figure shows thatTuesday, September 8, 2015 |
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| Jesse - Le Cafe Américain |
| Gold 'Claims Per Ounce' Spikes Back Up to 126:1 |
| The 'claims per ounce of gold' deliverable at current prices has spiked higher once again, to 126:1.
As soon as the 'active month' of August was over at The Bucket Shop, JPM took a chunk of gold back off the registered for delivery roster. In the silver market JPM is gaining the reputation for a large physical silver hoard, and the role of a 'fireman' to maintain the stability of leverage.
These spikes higher in the ratio of open interest to deliverable bullion at current prices is not sometThursday, September 3, 2015 |
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| Jesse - Le Cafe Américain |
| Gold Daily and Silver Weekly Charts - Charts Undecided - Goldman Takes A Little More |
| We say goodbye to August, and the active month for gold at The Bucket Shop, and welcome the first stirrings of September, which promises to be much more interesting for silver.
Prices were heavy for the metals most of the day, with silver showing a little more perkiness, but gold doggedly hanging on to close for a slight gain.
We have an interesting, if yet undecided, chart formation on the daily gold chart in a potential cup and handle formation that, if activated and confirmed, will target aTuesday, September 1, 2015 |
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 | Andy Sutton |
| A Serious Case of Dj vu |
| My Two CentsBy Andy SuttonEveryone is going to have to cut me a little slack on the eve of the celebration of American independence. No, this isn't about that video that came out a few days ago that demonstrated exactly how ignorant Americans are about the significance of tomorrow or how the accomplishment that day has been eroded over the past 2+ centuries by those eager to 're-create' America in their own twisted image. This one is a companion piece to a series of 'Two Cents' articles that havSaturday, July 4, 2015 |
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| Andy Sutton |
| Francs, Bonds, Barrels, and Bail-Ins |
| My Two CentsBy Andy SuttonAs recently as a few weeks ago, the European Union directed its member nations to draft their own independent legislation for dealing with the resolution of a failed G-SIFI (Globally Significant Financial Institution). At the same time, we have all sorts of seams opening in the currency, bond, and commodity markets. The Swiss Franc is now un-pegged from the Euro, there have been wild swings in the bond markets in Europe due to the aforementioned action, and oil is in anThursday, January 22, 2015 |
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 | Deepcaster |
Surmounting Hostile Incoming  |
| ??If you view the progressive financial breakdown in America as some kind of ?comedy of errors? or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.?The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisSaturday, February 8, 2014 |
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| Andy Sutton |
| 2013: A Watershed Year |
| My Two CentsBy Andy SuttonIf you werent paying close attention, 2013 might have gone down as a quasi-normal year. After all, the Dow Jones Industrials (sic) hit 50 some new record highs, mostly in the latter half of the year. The NASDAQ went above 4,000 again (can anyone say 1999?), and the world didnt end as many had predicted. Thats the surface view. Well, as a good friend of mine says, were a mile wide and an inch deep, and in that world, a few positive headlines are good enough to paciSunday, January 5, 2014 |
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| Jesse - Le Cafe Américain |
| NAV Premiums Of Precious Metal Trusts and Funds - Sprott Gold Has 19,200 Ounces Redeemed |
| Premiums on the gold and silver funds remain depressed, show little sign of any short squeeze.
Interestingly enough another 19,200 ounces of gold bullion were redeemed from the Sprott Gold Trust. Apparently the premiums on physical gold make this an attractive proposition. There is no leverage in the Sprott fund that I can determine, so I doubt it is a risk factor that prompted the redemption.
Physical gold bullion is in tight supply judging by a number of factors including the forwards ratesWednesday, December 11, 2013 |
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| Jesse - Le Cafe Américain |
Comex Registered Gold Inventory Levels - 65 Potential Claims Per Ounce  |
| "A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules."
Jorge Mario Bergoglio, Francis I
Here are the latest inventory figures of registered (deliverable) gold in Comex approved warehouses.
I am not sure approved can really apply, given the distancing that the Comex recently instituted in the disclaimer on their inventory report.
"The information in this report is taken from sources believed to be reliable; however, tSaturday, November 30, 2013 |
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| Andy Sutton |
| The Madness Continues |
| Now that another annoying gut check moment is safely in the rearview mirror, we can all get back to the business of filling the punch bowl yet another time. Yep, once again, we?ve proven ourselves to be among the dimmest of bulbs and are going right back to the bag of tricks that isn?t working anymore, but nobody seems to be noticing that ? at least not on a meaningful level.Yes, I?m referring to the umpteenth opening of the monetary spigots announced gleefully in the mMonday, October 28, 2013 |
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| Andy Sutton |
| Retirement Accounts Next with Graham Mehl |
| My Two CentsOne of the biggest concerns of savvy investors since the ongoing crisis began in 2008 has been the safety and longevity of the various types of retirement accounts and systems. Throwing gasoline on the flames have been the decisions rendered by courts of 'law' regarding the treatment of customer money in the case of the bankruptcy of several brokerage firms, most notably, MFGlobal. The susceptibility of bank deposits has already been firmly established in prior issues of this column.Sunday, June 30, 2013 |
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| Graham Mehl |
| Retirement Accounts Next |
| One of the biggest concerns of savvy investors since the ongoing crisis began in 2008 has been the safety and longevity of the various types of retirement accounts and systems. Throwing gasoline on the flames have been the decisions rendered by courts of ‘law’ regarding the treatment of customer money in the case of the bankruptcy of several brokerage firms, most notably, MFGlobal. The susceptibility of bank deposits has already been firmly established in prior issues of this column. To our alarSaturday, June 29, 2013 |
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| Jesse - Le Café Américain |
| Harvey Organ Comments on the Gold Inventory at the COMEX |
| Time to send a distress flare to their friends and cohorts at the central banks?
Hey Rocky. Watch me pull a rabbit out of a hat.
From Harvey Organ this evening:
"Ladies and Gentlemen, we have a three-fold problem:
i) the total dealer inventory of gold is at a very dangerously low level of only 44.32 tonnes, and none of the 9.5 tonnes delivery notices from May and the 30 tonnes from June have been removed from inventory as of yet.
ii.a) JPMorgan's customer inventory remains at an extremelTuesday, June 18, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Cap and Trade Redux - Gold Flowing From West to East |
| Pop higher but no breakout from the potential bull flag.
Silver lagged a bit.
Congratulations to JP Morgan and Bank of America, who both turned in 'perfect' trading records for the 1Q of this year. It pays to have friends in high places. And faithful retainers are even better.
The US markets are almost surreal. The Fed and its Bankers believe that they can set the price of everything, at will, no matter what, and without consequences. Just a push here and a pull there.
And that is a danWednesday, May 8, 2013 |
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| Andy Sutton - My Two Cents |
| The Fleecing Has Only Begun |
| The story broke from nowhere and caught many off guard. To others it was the manifestation of previously unspoken fears. It was, and is, by far the biggest story of 2013, the decade, and quite possibly the millennium. It was the crossing of another Rubicon. For years and decades, the financial piranhas had wandered around the edges, nibbling a little here and a little there.Saturday, April 13, 2013 |
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| Crisis Watch - My Two Cents |
| The Fleecing Has Only Begun |
| Saturday, April 13, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
| Pitched Currency War USDollar Rejection |
| Friend of gold Jim Sinclair, and executive to a mining firm with interests in Tanzania, put it so well. He captures the theme of this article when he said, "It is the constant drop in the dollar's usage as a contract mechanism internationally. No one sees this but it is the Hammer of Thor on the head of the dollar." The rejection of the USDollar in global trade will mean the end of the abused privilege in a currency turned toxic. Its rejection is the marquee event in the financial world for 2013Friday, February 8, 2013 |
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 | Jason Hamlin - Gold Stock Bull |
| Central Bank Gold Rehypothecation Scandal to Take Gold to $5,000/oz |
| By Jim Willie
- The battle is on for delivery and verification for official gold accounts
- Evidence grows that much of it is gone, and when demanded, replaced with urgency
- It is soon to transform into a global gold war
- The German Govt gold demand to the London and NY City bankers represents a big escalation in the gold war
- The central bank coordinated QE to Infinity has brought questions of gold account location and integrity
- The Allocated Gold Account scandal is a natural event to foSaturday, November 24, 2012 |
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