Jim’s Mailbox

Posted at 10:10 PM (CST) by & filed under Jim's Mailbox.

Correct Wolfgang, we will soon see “why” and the revelation that paper gold is only paper and has nothing to do with real physical gold will be revealed for all too horrifyingly see!

Bill

Jim/Bill,

“Blatant” is a good word.

“Nobody in their right mind would just all of the sudden have to sell 13,500+ contracts of gold, all at once, in one single minute, one hour before the market officially opens.

It’s disgusting really, and blatantly in our faces.”

Yup.

CIGA Wolfgang Rech

Gold Loses $1300 As Cartel Dumps $1.75-Billion Worth Of Paper Gold In One Single Minute
May 15, 2018

Using the unimpressive April Retail Sales Report as cover, the cartel has gone on an absolutely viscous pre-market attack. Here’s the details…

The April, 2018 Retail Sales Report hit the tape at 8:30 a.m. EST, and the cartel hit the sell button on gold.

Retail sales were unimpressive, with what we already know: Stagflation.

For example, sales at gasoline stations rose a whopping 11% in April.

Don’t think it’s because people all of the sudden had to try the newest Slushie flavor and load up on sunflower seeds & beef jerky.

That’s not why gasoline station sales are surging.

It’s because of diesel and gas prices.

More…

 

Courtesy of JB.

Jim

Russian Bank Helps Venezuela Defy US Sanctions On Cryptocurrency
May 15, 2018

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.

According to Associated Press, Russia’s Evrofinance Mosnarbank has become the first international financial institution so far willing to back the petro after US authorities warned potential investors over related risks.

Investors who registered with Venezuela’s government and downloaded the petro’s wallet software were invited to buy the cryptocurrency by wiring a minimum of €1,000 to a Venezuelan government account at Evrofinance. The wallet software is available in Spanish, English and Russian.

More…

 

…and this is happening during “good times”?

Bill