Posts Categorized: Jim’s Mailbox

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Jim/Bill,

 ‘someone’ once again decided that 0830ET was the perfect time to puke over $1.5 billion notional of the precious metal into the market

This is becoming a common occurrence.

Massive paper dumps in thin markets.

If it happened in the equity markets, there would be investigations up the keester!

CIGA Wolfgang Rech

Gold Bounces Off Key Technical Level, Erases Earlier Plunge
April 23, 2019

Update: European markets closed and gold found a bid, erasing earlier losses…

 

 

 

 

 

 

 

 

 

 

 

And for now, it has decoupled from the dollar strength…

 

 

 

 

 

 

 

 

 

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A little info on 5G from a friend of JSMineset. Thanks Kevin!

Dave

To the UN, WHO, EU, Council of Europe and governments of all nations

We the undersigned scientists, doctors, environmental organizations and citizens from (__) countries, urgently call for a halt to the deployment of the 5G (fifth generation) wireless network, including 5G from space satellites. 5G will massively increase exposure to radio frequency (RF) radiation on top of the 2G, 3G and 4G networks for telecommunications already in place. RF radiation has been proven harmful for humans and the environment. The deployment of 5G constitutes an experiment on humanity and the environment that is defined as a crime under international law.

Executive Summary

Telecommunications companies worldwide, with the support of governments, are poised within the next two years to roll out the fifth-generation wireless network (5G). This is set to deliver what is acknowledged to be unprecedented societal change on a global scale. We will have “smart” homes, “smart” businesses, “smart” highways,
“smart” cities and self-driving cars. Virtually everything we own and buy, from refrigerators and washing machines to milk cartons, hairbrushes and infants’ diapers, will contain antennas and microchips and will be connected wirelessly to the Internet. Every person on Earth will have instant access to super-high-speed, low- latency wireless communications from any point on the planet, even in rainforests, mid-ocean and the Antarctic.

Please read…and sign.

https://www.5gspaceappeal.org/

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Bill,

This is truly unbelievable for the people that understand what is happening here. These are private holdings all bought with printed money. The entire system is propped up with fake money.

CIGA Werner

What’s your currency backed with?

Bill

The Bank of Japan Is Now A Top-10 Shareholder In 50% Of All Japanese Companies
April 17, 2019

While traders continue to obsess over daily “China trade deal optimism” headlines, Japan’s central bank is quietly nationalizing its entire market.

The last time we looked at how much of the stock market the Bank of Japan controls, we found that Kuroda’s central bank owned a stunning 75% of all Japanese ETFs as the central bank keeps buying stocks under its ultraloose monetary policy. Perhaps more importantly, as of March 2018, the Japanese central bank has also become a major shareholder in nearly 40% of listed companies. According to Nikkei calculations at the time, the bank was one of the top 10 shareholders in 1,446 listed companies out of 3,735.

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Jim,

The bail out fixed nothing.

Dave

After a $354 Billion U.S. Bailout, Germany’s Deutsche Bank Still Has $49 Trillion in Derivatives
April 17, 2019

On July 21, 2011, when the GAO released its audit of the Federal Reserve’s secret $16.1 trillion in bank loans during the financial crisis, a foreign bank ranked number 9 on the list of the largest borrowers. The loans went not just to the largest banks on Wall Street but to foreign derivative counterparties to the Wall Street banks. The foreign bank that ranked 9 on the list of the largest borrowers was Germany’s largest bank, Deutsche Bank, which took $354 billion in revolving loans from the U.S. Federal Reserve.

According to an article in the Financial Times last week “Germany’s federal and state governments have spent €70bn on bailing out banks since the financial crisis, according to an estimate by Gerhard Schick, head of lobby group Finance Watch.” The figure of €70bn is about 79 billion U.S. dollars. Why did the U.S. Fed throw $364 billion at one German bank when its country of origin has only reached in its pocket to the tune of $79 billion for all of its troubled banks? (Read on for the answer.)

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JB

The moral to this story is liars and cheaters never prosper?

Bill,

Nolte: CNN Loses Nearly 50% of Primetime Audience, MSNBC Down Nearly 30%
April 17, 2019

Now that their two-year Russia Collusion Hoax has been exposed, CNN and MSNBC are hemorrhaging a massive number of viewers.

Compared to this same week last year, the far-left CNN has lost a jaw-dropping 47 percent of its primetime audience and 41 percent of its total day viewers.

TV News reports that this CNN’s worst week in prime time all year.

MSNBC did not fare all that much better. During primetime, the left-wing outlet lost 28 percent of its viewers. Throughout the total day, MSNBC was down 20 percent.

For those who believe this ratings drop has nothing to do with MSNBC and CNN being exposed after two years of deliberately pushing a hoax about President Trump colluding with Russia to steal the 2016 presidential election, I give you Fox News… Fox lost only lost eight percent of its primetime viewers and 12 percent of total day viewers.

As far as news weeks go, last week might have been a little less exciting than this same week last year, but MSNBC, and most especially CNN, are shredding massive numbers of viewers for one primary reason… Both outlets spent two years lying to their audience, promising them Trump’s impeachment and arrest was coming up right after the next commercial break.

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Jim/Bill,

President Trump always wants to know who’s behind everything; who’s manipulating news against him.

Congress always wants to know who’s behind supporting Trump and who can prove false allegations against him.

But no one, and I mean NO ONE, looks behind the curtain to expose the nefarious dealings in the gold market.

It’s so obvious when you look at the timing and the manner in which contracts are sold. Even a child can see it!

Manipulating gold is no different than manipulating the news to influence the public. It’s a form of propaganda with its agenda hidden from the public’s eyes.

Goebbels, the Master Propagandist, would be proud.

People should demand to know. Just like they should demand to know what the FED is involved with.

Anything that affects our country and concerns the public’s money, should have full transparency.

Imagine if corporations were to manipulate their numbers! Oh wait…….

CIGA Wolfgang Rech

Gold Dumps As ‘Someone’ Decides 0830ET Is Perfect Time To Puke $1.5 Billion Notional
April 16, 2019

Precious metals traders are using the ‘f’ word a lot this morning – ‘Fiduciary’ – as they question the rationale for ‘someone’ deciding to puked over 11,000 gold futures contracts (around $1.5 billion notional) into the market, sending the price tumbling to its lowest since January…

 

 

 

 

 

 

 

 

Some have argued this is technically driven as Gold breaks below its 100DMA…

 

 

 

 

 

 

 

 

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JB,

Purpose or consequence?

For every action there is an equal and opposite reaction…!

Bill

Wikileaks File Dump
April 13, 2019

[Available here]

 

Jim,

This story got no coverage.

Dave

Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why
April 12, 2019

One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on “Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree.” The report detailed facts, figures and this inescapable conclusion:

“[Six Wall Street mega banks] have engaged in—and continue to engage in—a crime spree that spans the violation of almost every law and rule imaginable. Taking the breadth and depth of their illegal conduct as a whole, the six biggest banks in the country look like criminal enterprises with RAP sheets that would make most career criminals green with envy. That was the case not just before the 2008 crash, but also during and after the crash and their lifesaving bailouts…In fact, the number of cases against the banks has actually increased relative to the pre-crash era.”

The six mega banks profiled in the report are: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.

A reliable source tells us that all major business media received the report on Tuesday, April 9. We know that Politico had the report by 8:00 a.m. because its “Morning Money” column provided a small news nugget at that time announcing that the report was out. Politico did not follow up, however, with any detailed coverage of the shocking revelations in the report.

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Jim,

Pass the popcorn…the show is the same, only the actors have changed.

Dave

Trump Cares About Two Things Empire And The Stock Market
April 8, 2019

Though not surprising, it’s nevertheless extraordinary to watch Donald Trump publicly and shamelessly morph into a George W. Bush era neocon when it comes to foreign policy, and a CNBC stock market cheerleader when it comes to the economy. Just like Barack Obama before him, Trump talked a good populist game on two issues of monumental importance (foreign policy and the rigged economy), but once elected immediately turned around and prioritized the core interests of oligarchy.

Trump doesn’t even give lip service to big picture populist topics anymore unless they’re somehow related to the culture war, which works out perfectly for the entrenched oligarchy since the culture war primarily serves as a useful distraction to keep the rabble squabbling while apex societal predators loot whatever’s left of this hollowed out neo-feudal economy.

The pivot toward status quo consensus when it comes to two of the most existential issues facing the nation should be deeply concerning to everyone, but particularly to those who thought Donald Trump would be different. When it comes to militarism and empire, Trump’s hypocrisy and bait and switch is one for the record books. Just as it became clear Obama was a fraud once he hired Larry Summers and Timothy Geithner (we later found out his cabinet was apparently chosen by Citibank), Trump placing neocons Mike Pompeo and John Bolton into key positions was a clear sign you could take “Make America Great Again” and flush it down the toilet. This administration is now laser focused on maintaining and even expanding imperial reach.

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Holy shit.

Courtesy of JB.

Jim

Today’s Press Release

U.S., European Banking Union, and UK Officials Meet for Planned Coordination Exercise on Cross-Border

Resolution Planning

WASHINGTON— Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and the European Banking Union will hold a meeting on Saturday, April 13, as part of a series of planned exercises to enhance understanding of one another’s resolution regimes for global systemically important banks and strengthen coordination on cross-border resolution.

This meeting builds upon two prior exercises in 2014 and 2016. The exercise is planned to coincide with the annual international meetings in Washington sponsored by the World Bank and International Monetary Fund.

The Federal Deposit Insurance Corporation will host the exercise. Other senior officials from the United States are expected from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Reserve Bank of New York.

Expected participants from the European Banking Union include senior officials from the Single Resolution Board, the European Commission, and the European Central Bank.

Expected participants from the United Kingdom include senior officials from HM Treasury, the Bank of England, and the Prudential Regulation Authority.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s banks and savings associations, 5,406 as of December 31, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center (877-275-3342 or 703-562-2200). PR-33-2019