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Gold Seeker Closing Report: Gold and Silver Fall Over 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 28 January 2016 | Print  | Disqus 

by SoT, The Daily Coin

More ridiculous predictable market action today. The worse things become in the real world the more frantic the stupidity becomes. The American authorities are clearly terrified that their world role as hegemon is being threatened and it is not beyond the realm of possibility that your fears of war will turn out to be a reality. – John Embry

It was reported yesterday that a Government panel is recommending that all adults over the age of 18 should be screened for “depression” – LINK. Nothwithstanding the fact that the term “depression” is a subjective concept, it exemplifies the move in the Government to control the population. It’s a frightening movement toward Totalitarianism that has been in motion since the formation of the Federal Reserve and the ratification of the16th Amendment, giving the Federal Government authority to enact an income tax. Both events occurred in 1913.

Make no mistake about it, the Government panel’s recommendation, if it finds its way somehow through Congress, is an underhanded way for the Government to implement gun control. We can’t have depressed people running around with guns in their possession. In addition, there’s no doubt that one of the big drug or hospital corporations has devised some sort of “depression screening” protocol which generates very high margin profits. Even better if the testing is covered by Medicare and Medicaid so the taxpayers can fill yet another big trough from which corporate America feeds.

The irony in the Totalitarian creep of the Federal Government is that humans don’t like the idea that they can’t control their immediate lives and living environment. Thus, they want to believe with surprising adamance that their vote matters – that they can control the outcome of an election with their “participation” in the process. Of course, nothing could be farther from the truth. The fact of the matter is that the modern Presidential process has become little more than the political version of “The Jerry Springer Show.” It’s like watching a slow motion train wreck repetitively with the now-frequent “debates” and “town hall” meetings.

Sorry. Maybe if you could vote for each of the well-funded 25 lobbyists per elected House Rep and Senator your participation in the process might matter. The only part of an election campaign that matters is the amount of money that gets apportioned by Wall Street financial firms, big pharmaceutical companies and the defense industry. Democrats who think Big Labor matters better think again – just look at the scale of the de-industrialization of America which has converted the majority of the U.S. manufacturing workforce into Walmart greeters and bartenders.

Perhaps the only safe refuge from this insanity and from the systemic destruction headed our way is to move as much of your wealth out of the fiat currency based financial system and into the safe haven of precious metals. Of course, Wall Street and the Government-controlled propaganda disseminators – otherwise known as mainstream financial media – are doing their best to discourage investors from even learning how to spell “gold.” It’s the barbarous relic of cavemen which you can’t eat and doesn’t earn interest. It’s about as useful as a Pet Rock.

What they won’t show you is this graph – click on image to enlarge (source: Zerohedge):

CelenteGOLDThis graph shows the performance of gold (red line) vs. the British pound, euro, yen, Swiss franc and commodity index since Jan 2000.  The elitists running our system don’t want you see that graph because that graph embodies the truth about the deteriorating economic, political and geopolitical condition of both the U.S. and the world.  Better to have you focused on Trump vs. Cruz or Trump vs. Clinton. And Obama clearly doesn’t care because he now spends most of his time golfing in Hawaii and staying at his future $10 million enclave – paid for by the Pritzker Family and Company.

The Shadow of Truth hosted Gerald Celente for what we believe may be his best podcast interview in quite some time.  It borders on cerebral and we presented Mr. Celente with several thought-provoking questions – we think you will enjoy this side of the world’s foremost trends forecaster:

When people lose everything and they have noting to lose, they “lose it.”  – Gerald Celente on the Shadow of Truth.

- See more at: http://thedailycoin.org/?p=60719#sthash.zCVoyK0l.dpuf

by SoT, The Daily Coin

More ridiculous predictable market action today. The worse things become in the real world the more frantic the stupidity becomes. The American authorities are clearly terrified that their world role as hegemon is being threatened and it is not beyond the realm of possibility that your fears of war will turn out to be a reality. – John Embry

It was reported yesterday that a Government panel is recommending that all adults over the age of 18 should be screened for “depression” – LINK. Nothwithstanding the fact that the term “depression” is a subjective concept, it exemplifies the move in the Government to control the population. It’s a frightening movement toward Totalitarianism that has been in motion since the formation of the Federal Reserve and the ratification of the16th Amendment, giving the Federal Government authority to enact an income tax. Both events occurred in 1913.

Make no mistake about it, the Government panel’s recommendation, if it finds its way somehow through Congress, is an underhanded way for the Government to implement gun control. We can’t have depressed people running around with guns in their possession. In addition, there’s no doubt that one of the big drug or hospital corporations has devised some sort of “depression screening” protocol which generates very high margin profits. Even better if the testing is covered by Medicare and Medicaid so the taxpayers can fill yet another big trough from which corporate America feeds.

The irony in the Totalitarian creep of the Federal Government is that humans don’t like the idea that they can’t control their immediate lives and living environment. Thus, they want to believe with surprising adamance that their vote matters – that they can control the outcome of an election with their “participation” in the process. Of course, nothing could be farther from the truth. The fact of the matter is that the modern Presidential process has become little more than the political version of “The Jerry Springer Show.” It’s like watching a slow motion train wreck repetitively with the now-frequent “debates” and “town hall” meetings.

Sorry. Maybe if you could vote for each of the well-funded 25 lobbyists per elected House Rep and Senator your participation in the process might matter. The only part of an election campaign that matters is the amount of money that gets apportioned by Wall Street financial firms, big pharmaceutical companies and the defense industry. Democrats who think Big Labor matters better think again – just look at the scale of the de-industrialization of America which has converted the majority of the U.S. manufacturing workforce into Walmart greeters and bartenders.

Perhaps the only safe refuge from this insanity and from the systemic destruction headed our way is to move as much of your wealth out of the fiat currency based financial system and into the safe haven of precious metals. Of course, Wall Street and the Government-controlled propaganda disseminators – otherwise known as mainstream financial media – are doing their best to discourage investors from even learning how to spell “gold.” It’s the barbarous relic of cavemen which you can’t eat and doesn’t earn interest. It’s about as useful as a Pet Rock.

What they won’t show you is this graph – click on image to enlarge (source: Zerohedge):

CelenteGOLDThis graph shows the performance of gold (red line) vs. the British pound, euro, yen, Swiss franc and commodity index since Jan 2000.  The elitists running our system don’t want you see that graph because that graph embodies the truth about the deteriorating economic, political and geopolitical condition of both the U.S. and the world.  Better to have you focused on Trump vs. Cruz or Trump vs. Clinton. And Obama clearly doesn’t care because he now spends most of his time golfing in Hawaii and staying at his future $10 million enclave – paid for by the Pritzker Family and Company.

The Shadow of Truth hosted Gerald Celente for what we believe may be his best podcast interview in quite some time.  It borders on cerebral and we presented Mr. Celente with several thought-provoking questions – we think you will enjoy this side of the world’s foremost trends forecaster:

When people lose everything and they have noting to lose, they “lose it.”  – Gerald Celente on the Shadow of Truth.

- See more at: http://thedailycoin.org/?p=60719#sthash.zCVoyK0l.dpuf

 

Close

Gain/Loss

Gold

$1114.50

-$11.30

Silver

$14.24

-$0.24

XAU

44.71 

-2.08%

HUI

 118.21

-1.93%

GDM

 387.99

-1.54%

JSE Gold

1447.00

-92.41

USD

98.61

-0.36

Euro

109.42

+0.49

Yen

84.17

-0.10

Oil

$33.22

+$0.92

10-Year

1.985%

-0.016

T-Bond

160.03125

+0.03125

Dow

16069.64 

+0.79%

Nasdaq

 4506.67

+0.86%

S&P

 1893.36

+0.55%

 

The Metals:

 

Gold dropped down to $1111.66 at about 9:15AM EST before it bounced back higher into midday, but it still ended with a loss of 1%.  Silver slipped to as low as $14.115 and ended with a loss of 1.66%.

 

Euro gold fell to about €1019, platinum lost $14 to $862, and copper fell slightly to about $2.05.

 

Gold and silver equities waffled near unchanged and ended with about 2% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

1/23

278K

285K

294K

Durable Goods

Dec

-5.1%

-0.5%

-0.5%

Durable Goods -ex trans.

Dec

-1.2%

-0.1%

-0.5%

Pending Home Sales

Dec

0.1%

0.8%

-1.1%

 

Tomorrow brings GDP, Chicago PMI, and Michigan Sentiment.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil continued higher on further talks about possible production cuts.

 

The U.S. dollar index fell and treasuries rose on doubts over when the fed will raise interest rates again.

 

The Dow, Nasdaq, and S&P traded mostly higher on decent earnings reports and relief over rising oil.

 

Among the big names making news in the market today were Potash, Fox Sports, Facebook, Alibaba, Ford, Caterpillar, Under Armour, and Nasdaq.

 

GATA Posts:

 

 

Ronan Manly: The gold vaults of London: Malca-Amit

Alasdair Macleod: Surprises in store

TF Metals Report: The LBMA strikes back

'Anti-arb compliance' sinks London silver 'fix' 6%, spot rallies straight back

China's central bank may buy 215 tons of gold this year, Barclays forecasts

The gold market just lost its best measure of Chinese demand

 

The Statistics:

As of close of business: 1/27/2016

Gold Warehouse Stocks:

6,420,646.093

+1,929.00

Silver Warehouse Stocks:

157,123,443.382

+246,729.60

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

669.229

21,516,385

US$23,962m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$4,956m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$5,474m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$400m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.16

937,551

US$1,045m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.85: +0.72 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,662.41: 29.63 change from yesterday’s data.

 

The Stocks:

 

Freeport’s (FCX) expired permit, Comstock’s (LODE) drill results and 2015 yearend results, and Endeavour Silver’s (EXK) production and cost guidance were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Turquoise

TRQ +3.23% $1.92

2.  Seabridge

SA +2.01% $6.10

3.  Alamos

AGI +0.96% $3.16

 

LOSERS

1.  Gold Fields

GFI -7.65% $3.26

2.  AngloGold

AU -6.89% $8.24

3.  Buenaventura

BVN -5.80% $3.90

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Thursday, 28 January 2016 | E-Mail  | Print  | Source: GoldSeek.com

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