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 | Michael J. Kosares - USA Gold |
King Ibn Saud’s 35,000 British sovereigns – Gold’s historic undervaluation versus oil  |
| TheWikileaks/Financial Times revelations on significant gold buying interest in the Middle East — notably Iran’s central bank, Jordan’s central bank and Qatar’s sovereign wealth fund — brought to mind the story of KingIbn Saud and his sale of oil concessions to the major oil companies. In payment he received 35,000 British sovereigns — a coin many of you hold in your own sovereign wealth funds.Thursday, April 23, 2020 |
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| Graham Summer - Gains Pains & Capital |
| Eat Gold |
| Submitted by BullionStar.com
A popular phrase in segments of the mainstream financial media is that “You Can’t Eat Gold”. We don’t know who first uttered this comment, but it was more than likely a talking-head or Wall Street analyst on CNBC or Bloomberg.
The disparaging claim seems to be based on concluding that in a financial or monetary crisis, if you own gold, that “You Can’t Eat It”. And so, according to the logic of whoever came up with the phrase, this would make gold useless during a finMonday, August 13, 2018 |
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 | Chris Martenson |
| If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention |
| While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.
A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil.
So much is currently in flux, espeSaturday, November 11, 2017 |
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 | Jim Willie CB - Hat Trick Letter |
| Enter The NatGas Cartel |
| The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to creFriday, July 7, 2017 |
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 | Mish - Global Economic Analysis |
| China Exports, Imports Soar: Global Trade Outlook Improving |
| Chinese exports accelerated in May.
The New York Times notes China May Exports, Imports Beat Forecasts.
Bloomberg says the Global Trade Outlook Brightens. Really?
China’s overseas shipments accelerated in May from a year earlier, as global demand shows signs of picking up.
Exports rose 8.7 percent in May in dollar terms, the customs administration said Thursday. Imports increased 14.8 percent, leaving a trade surplus of $40.81 billion dollars. In yuan terms, exports rose 15.5 percent and importThursday, June 8, 2017 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Qatar Crisis and Gold |
| This week, the Arab world’s biggest powers cut ties with Qatar. What does it mean for the gold market?
On Monday, Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed diplomatic relations with Qatar (Yemen, the Maldives, Libya and Mauritania followed suit). They also suspended air, land and sea travel to and from the country, triggering food hoarding in anticipation of supply shortages (about 80 percent of Qatar’s food demand is satisfied by produce from abroad).
The diplomatic crisWednesday, June 7, 2017 |
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 | Mark O'Byrne - gold.ie |
| Terrorist attacks see Gold Stay Firm |
| A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.
This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the horrendous incident.
As was seen following the Manchester attack there has been a slight uptick in Monday, June 5, 2017 |
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| Mark O'Byrne - gold.ie |
| Trump, UK and the Middle East drive uncertainty |
| Gold hits five-week high
Reaches $1,273.74/oz, highest since April 25th
Sterling recovers after UK polls point towards a hung Parliament
Expected Fed-tightening capped gains
90-dead in Kabul, further signs of increasing tension in Middle East
Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding
Yesterday gold hit $1,273.74/oz, a level not seen for five weeks. Analysts point to some safe-haven demand for the yellow metal on account of the geopolitical tensions,Thursday, June 1, 2017 |
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| Jim Willie CB - Hat Trick Letter |
| Sordid Saudi Signals |
| THE US-SAUDI ARMS DEALTHE SAUDI ARMS DEAL SUDDENLY TRIPLED IN SIZE WITH LONG TIME SCHEDULE WITHIN THE AGREEMENT… TRUMP COMPLETED THE SINGLE LARGEST ARMS DEAL IN US-HISTORY, DONE WITH SAUDI ARABIA… IT EXCEEDED THE PREVIOUS COMMITMENT FROM TWO WEEKS AGO, NOW WORTH $350 BILLION… WITNESS US-STYLE ECONOMIC STIMULUS, THE TOXIC WAY… THE USGOVT SUPPORTS THE FADING SAUDI KINGDOM, SUPPORTS THEIR VICIOUS YEMEN WAR, AND APPLAUDS THEIR SUPPORT OF ISIS TERROR… THE USGOVT IS ENCOURAGING THE FORMATION OF A GULFThursday, May 25, 2017 |
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| Mish - Global Economic Analysis |
| Total Airplane Laptop Ban Coming or Not What are the Issues |
| Following intelligence reports that ISIS may be planning to attack airlines with laptop computers rigged as bombs, Trump initiated a ban on laptops on some flights from some airports.
Rumors had it that the ban was going to be extended to make things “uniformly fair”.
Fortunately, common sense prevailed, for now.
Laptop Ban on All Flights?
A Financial Times headline from today reads: US looks at extending laptop ban to all flights.
Also from today, the Guardian reports Trump ‘Laptop’ Ban May Friday, May 19, 2017 |
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| Graham Mehl |
| Ransomware Part Two Spreads |
| Governments and companies around the world began to gain the upper hand against the first wave of the unrivaled global cyberattack this morning.
More than 200,000 computers in at least 150 countries have so far been infected, according to Europol, the European Union’s law enforcement agency. The U.K.’s National Cyber Security Centre said new cases of so-called ransomware are possible “at a significant scale.”
“For now, it does not look like the number of infected computers is increasing,” said Tuesday, May 16, 2017 |
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| Mish - Global Economic Analysis |
| WannaCry Cyber Attack Hits 99 Countries, FedEx, Nissan, Hospitals, Universities with NSA Developed Malware: Five Questions |
| The National Security Administration (NSA ) has its hands in the biggest ransomware cyber attack in history. The NSA found holes in the Windows operating systems and instead of alerting Microsoft it chose to exploit those holes for its own benefit.
The problem with such an approach is the NSA is not the only one who can exploit the holes. At least 70 countries have been hit. FedEx, numerous hospitals, the UK National Health Service, Chinese universities, Spanish telecommunication firms, and NissSaturday, May 13, 2017 |
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| Mark O'Byrne - gold.ie |
| Sharia Standard May See Gold Surge |
| “The introduction of a Sharia standard for gold will not only be good for investors but also for gold producing countries and even individual mining operations”, according to The National in an article published this morning.
Gold bars in a gold shop in Saudi Arabia. Gold has long played a role in Muslim society as a store of wealth. Fahad Shadeed / Reuters
“The new Sharia gold standard is very important as it allows Islamic investors to access and gain exposure to physical gold in a safer and mTuesday, January 24, 2017 |
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 | Chris Powell - GATA |
| Note ban seen shaving a third of India's gold demand in 2017 |
| Demonetization is expected to shave 300 tonnes off India's gold demand, which is unlikely to come back in a hurry.
Average monthly gold imports, which have been around 65-70 tonnes for the past few years, halved between February and September this year. In October and November there was a recovery on account of festive buying and the marriage season. However, demonetization is expected to result in a drop in demand.
Sudheesh Nambiath, lead analyst for precious metals demand in South Asia and tMonday, January 2, 2017 |
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| Mark O'Byrne - gold.ie |
| Gold Down 13.5 In 13 Days – Trump Bearish For Gold |
| Gold down 13% in 13 trading days since Trump election
Factors that have led to lower gold prices
Trump bearish for gold in coming four years?
‘Trumpflation’ cometh
Sharia gold – vaulted gold accessible to 110 million new investors
What to do? Diversify and geometric price cost average
Donald Trump was elected President and the gold price surged 5%, over $60, from $1,271/oz to $1,336/oz. As many of us had suggested it would. And then something strange happened, something not expected by the majoFriday, November 25, 2016 |
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| Mark O'Byrne - gold.ie |
| Islamic Gold – Vital New Dynamic In Physical Gold Market |
| Islamic Gold – Important New Dynamic In Gold Market
Next month, 1.6 billion people will likely have a new ‘gold investment standard’
Islamic finance market expected to grow to US$5 trillion by 2020
Islamic asset classes have all under performed compared to gold
Gold has risen over 367% in US dollar terms and by more in currencies used in Islamic countries
Gold bullion products may be additionally appealing to Islamic banks due to Basel III rules
New Sharia Gold Standard will impact gold price
Thursday, November 17, 2016 |
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| 24hGold - Publicnow |
| Orsu Metals Corporation Reports Its Unaudited Results for the Six Period Ended June 30, 2016 |
| Orsu Metals Corporation
TSX: OSU PRESS RELEASE
August 3, 2016
Results for the six period ended June 30, 2016 (Unaudited)
Orsu Metals Corporation ("Orsu" or the "Company") a London-based base and precious metals exploration and development company, listed on TSX (TSX: OSU), today reports its unaudited results for the six months ended June 30, 2016 ("Q2 2016"). A full Management's Discussion and Analysis of the results ("MD&A") and Consolidated Financial Statements (Unaudited) for Q2 2016 Wednesday, August 3, 2016 |
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| 24hGold - Publicnow |
| Trinidad Drilling Ltd. Reports Second Quarter and Year-To-Date 2016 Results; Increased Adjusted EBITDA and Lower Debt Levels, Despite Weak Industry Conditions |
| CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Trinidad Drilling Ltd. (TSX:TDG) ('Trinidad' or the 'Company') reported second quarter and year-to-date 2016 results today. In the second quarter and first six months of 2016, Trinidad recorded higher adjusted EBITDA than the same periods last year, despite weak commodity prices and reduced customer demand. Higher early termination and standby revWednesday, August 3, 2016 |
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| Mark O'Byrne - gold.ie |
| Buy Gold As “Extremely Low-Risk Asset” – Rogoff Advises Creditor Nations |
| Buy gold as it is an “extremely low-risk asset” is the advice of Professor Kenneth Rogoff to emerging market, creditor nation central banks including the People’s Bank of China (PBOC).Rogoff believes that there is a good case to be made that emerging market central banks, such as the People’s Bank of China who have over $3.3 trillion in foreign exchange reserves, accumulate gold as this would “help the international financial system function more smoothly and benefit everyone”.Russian central baMonday, May 23, 2016 |
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| Mish - Global Economic Analysis |
| Treasury Department Finally Discloses Saudi Treasury Holdings – Incorrectly |
| Under a freedom of information request, the Treasury department disclosed Saudi Arabia’s treasury holdings as $116.8 billion.
Last month, Saudi Arabia threatened to dump $750 billion in treasury holdings if Congress passed a bill allowing US citizens to file 911 claims against the Saudis.
Clearly the numbers don’t mesh. Who is telling the truth?
Please consider U.S. Discloses Saudi Arabia’s Treasuries Holdings for First Time.
The Treasury Department has released a breakdown of Saudi Arabia’s hoTuesday, May 17, 2016 |
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