By Stefania Palma and Neil HumeFinancial Times, LondonFriday, October 22, 2021 The Commodity Futures Trading Commission has awarded almost $200 million to a former Deutsche Bank employee who raised concerns about the manipulation of the Libor interest rate benchmark, marking the largest-ever payment under U.S. whistleblower programmes. The U.S. derivatives regulator said the payment had been made for "timely original information" that significantly contributed to an already "open investigation."...

11:12a CT Friday, October 22, 2021 Dear Friend of GATA and Gold: Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals. This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached. ...

The slightest cough could set this spring off… by Korbinian Koller via Midas Touch Consulting The supply crunch might stretch as much as a seven-year event from now, but the spring is loaded already. It isn’t only a supply, demand scenario when talking about silver. Little accounted for is any surprise, and in our opinion, the slightest cough could set this spring off. The sum of fundamental facts is overwhelming on how the next large turning point could set silver  into stellar motion. With thi...

There is new, unprecedented demand entering the physical silver market… by Samuel Briggs via Kinesis In more silver news, the life-long wholesaler shares word of new, unprecedented demand entering the physical silver market, with the impact on the paper-driven price yet to be felt. In the aftermath of last Friday’s Consumer Price Index (CPI) shock, the precious metals expert reevaluates gold and silver, and exposes the technical trickery behind gold’s sudden $30 drop. To celebrate 50 episodes of...

I hope everyone here is hungry because the banquet of consequences is being served…  by Charles Hugh Smith via Of Two Minds I hope everyone here is hungry because the banquet of consequences is being served. I’ve coined a new portmanteau word to describe America’s descent: kleptocrapocracy, a union of kleptocracy (a nation ruled by kleptocrats) and crapocracy, a nation drowning in a moral sewer of rampant self-interest in which the focus is cloaking all the skims, scams, rackets and bezzles in s...

TOPICS:IBMJim Chanos Posted by SRSrocco in Economy, Silver Members on October 21, 2021 — Comments Off on THE SHAPE OF THINGS TO COME: IBM Stock Price Meltdown Today’s huge 10% crash in IBM’s share price wasn’t a shock to legendary Short Trader Jim Chanos.  Chanos has been talking about how “IBM’s financial engineering” propped up its share price for a few years.  But, like with all “Financial Scams,” the fundamentals always come back to haunt the less savvy investors… This content is for Gold Me...

Here is an important look at the United States, China and gold. A Tale Of Two Civilizations And GoldOctober 21 (King World News) – Alasdair Macleod:  In recent years, America’s unsuccessful attempts at containing China as a rival hegemon has only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described as a mixture of Confucianism and Marxism, while despising American individualism, its careless...

Will gold prices collapse together with the real estate developer, or will gold prices benefit from its default? by Arkadiusz Sieron of Sunshine Profits Evergrande is on the brink of bankruptcy. Will gold prices collapse together with the real estate developer or benefit from its default? Generals are always prepared to fight the last war, while economists are always prepared to fight the last recession. But what if the next economic crisis doesn’t start in the US financial sector, but in China’...

It is clear that gold and Bitcoin holders are allies against central banks. Gold & Bitcoin Holders Allies Against Central BanksOctober 21 (King World News) – Peter Boockvar:  The thing about those that are bullish on Bitcoin and those that like gold is that they are essentially soul mates in terms of the rational for their bullishness. There is an anti central bank mentality, disrespect for how fiat currencies have been treated and certainly now worries about inflation. You’ve heard me rant ...

By Alasdair MacleodGoldMoney, TorontoThursday, October 21, 2021 In recent years, America's unsuccessful attempts at containing China as a rival hegemon have only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described as a mixture of Confucianism and Marxism, while despising American individualism, its careless regard for family values, and encouragement of get-rich-quick financial speculation....

Flip real estate? Sure. Gamble in the Rigged Casino? Fine. Buy & sell “crypto” “currency”? Fine too. But take food security into your own hands? Not for much longer… (by Half Dollar) If you are an American, it’s not like it’s even really a choice. There’s a reason the Constitution says only gold & silver are money, you know. And if Americans want less overall Economic Misery and Financial Ruin, then every single American should be doing his or her own part to speed up the US Dollar hyper...

By Joe Rennison and Eva SzalayFinancial Times, LondonThursday, October 21, 2021 Investors are dumping gold for cryptocurrencies as inflation picks up, fleeing a metal historically touted as a store of value to buy digital assets little more than a decade old. More than $10 billion has been pulled from the biggest gold exchange-traded fund this year and funds' physical gold hoards have also been selling down, according to Bloomberg data. The price of gold has declined 6.1 percent this year to $1,...

You’d think this would be a massive wake-up call to the US federal government. The balance of power is shifting right in front of their very eyes… by Simon Black of Sovereign Man By the late the fifth century BC, after decades of war with its chief rival Sparta, the ancient Greek city-state of Athens was desperate for peace. They wanted a decisive victory to end the war once and for all. So the citizens gathered together in their public assembly– essentially a democratic mob of 6,000 people– and...

How long before inflation starts to bite hard, and why does this suggest to him that a 50% crash in the stock markets could be in the cards? Lawrence Lepard on GoldCore TV With 40% of money in the US being created in the last 2 years, we ask Lawrence if the Fed is trapped. If so will this mean that it is going to be very difficult for them to raise rates or attempt to taper their bond purchase in any meaningful way. How long before inflation starts to bite hard, and why does this suggest to him ...

Two main factors are driving the rally in the US stock markets… by Chris Vermeulen of The Technical Traders Two main factors are driving the rally in the US stock markets recently; retail traders buying the dip, and Q3:2021 earnings data is starting to shake away the concerns that resulted in the recent market rotation. Combine these activities with the start of the Christmas Rally phase (which usually starts sometime after mid/late-October and carries through into early January), and we have th...

Today one of the greats in the business noted this is a near perfect environment for gold and gold miners. It’s Show Time for the FedOctober 20 (King World News) – John Hathaway, Senior Portfolio Manager:  Despite lackluster third quarter and year-to-date performance for gold, the fundamental backdrop for precious metals and related mining share prices continues to strengthen in our opinion. Here’s why we believe this:  Inflation has become increasingly problematic and more persistent than previ...

“…those who hung in there through so many years of infuriation and negativity will be rewarded by…” Remarks by Bill Murphy of the Gold Anti-Trust Action Committee (GATA) First of all, it is my pleasure to salute Brien Lundin for pulling off this conference. Considering the Covid mess, floods, turbulent storms, and timing decisions, it has been quite a task! Two months before the conference I was asked to come up with a title for this presentation, which can usually be a dilemma because so much c...

The images accompanying this presentation are posted here: https://gata.org/sites/default/files/GoldMarketManipulationUpdate-10-20-2021.pdf * * * Remarks by Chris PowellSecretary/TreasurerGold Anti-Trust Action Committee Inc.New Orleans Investment ConferenceHilton New Orleans Riverside HotelWednesday, October 19, 2021 IMAGE 1 What a year it has been since we last gathered -- at least electronically -- at this wonderful conference. And what a heroic job Brien Lundin and his crew have done to rest...

By Alex Vasquez and Ezra FieserBloomberg NewsWednesday, October 20, 2021 To fathom the magnitude of Venezuela's financial collapse, travel southeast from Caracas, past the oilfields and over the Orinoco River, and head deep into the savanna that blankets one of the remotest corners of the country. There, in the barber shops and restaurants and hotels that constitute the main strip of one dusty little outpost after another, you'll find prices displayed in grams of gold. ... Dispatch continues bel...

No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming… by Daniel Lacalle via Mises No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming the opposite. One of the things that surprises citizens in Argentina or Turkey is that their populist governments always talk about the middle classes and helping th...