Precious Physical Metal Flows From Trusts and Funds - Managing the Gold Float

"He who sells what isn't his'n, must buy it back or go to prison."

Daniel Drew

Unless you are a Bankster. Then you get to keep your gains, and get backstopped by the Fed for any losses.

Because you are just that systemically important, and politically well-connected.

In our priorities we value corporatist systems and their elite over people.

It looks like they are managing the physical 'gold float' fairly closely, shoving metal around the plate to make the global market seem fully functional.

Silver, not so much.  There does not appear to be much if any shortfalls in physical supply.

Let's see if the outflows continue to pause and reverse this week with the upcoming Non-Farm Payrolls Report.

Stocks and Precious Metals Charts - Too Proud and Foolish For Fear - Non-Farm Payrolls Next Week

"I just want to tell you that in these times, we have to unify. We have to come together and send one very clear, strong, unmistakable message, that acts or threats and political violence of any kind have no place in the United States of America...

A very big part of the anger we see today in our society is caused by the purposely false and inaccurate reporting of the Mainstream Media that I refer to as Fake News. It's gotten so bad and hateful. Mainstream media must clean up its act, FAST."

Donald J. Trump


“Abusers blame the world - circumstances, other people - for their defeats, misfortune, misconduct, and failures."

Sam Vaknin


"You might as well bang your head into a brick wall if you expect the narcissist to be reasonable, empathetic or human in any way."

Tina Swithin

Stocks came in plunging this morning after the shock results of the big lead sled dogs Amazon and Alphabet after the bell last night.

After Asia and Europe when to bed the markets were 'taken in hand' and the indices were gradually led upwards, led by tech.

The dollar was off a bit, and gold and silver gained a bit, but gave up a good chunk of their morning 'safe havens' trade.

There is still a decided lack of fear, signalling that there has been no capitulation bottom, despite the elevated VIX.

As one of the spokesmodels sagely noted this morning as the Dow Industrials plunged, 'this is just a little sell off.'

Where are investors going for a safe haven trade? High Yield 'Junk' Bonds. You can't make this stuff up.

This is just the first course in a banquet of consequences.

GDP came in higher than expected, thanks largely to a low-ball on the price deflator at 1.7%.

The Fed is still likely to take another rate increase in December, unless the markets completely fall out of bed. The Fed is raising rates for its own purposes, to get off ZIRP and give themselves some policy room when this latest asset bubble they created blows up.

There will be a Non-Farm Payrolls report next week.

Need little, want less, love more. For those who abide in God abide in love, and love in them.

Have a pleasant weekend.

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Stocks and Precious Metals Charts - FANGS Bite the Big One After Hours

The spokesmodels, cheerleaders, and stock pimps were all smiles today as the equity indices were bouncing back hard.

But alas, after the bell both Amazon and Alphabet, the behemoth formerly known as Google, shit the bed on their financial results, and the futures headed south with a vengeance.

Gold and silver were off a bit in honor of the Comex expiration today, and a stronger dollar.

There was intraday commentary that attempted to put the migrant caravan boogeyman into some sort of perspective.   I have done so previously with the nonsense that is Russiagate.  Actually I believe I did that on day two because it was such obvious puff and stuff.

Not that anyone will bother posting something like the facts about 'the caravan' to Facebook, or sending it in an email to their poor long-suffering kids.   We're too busy repeating outlandish nonsense like most of the stuff that shows up on certain click intensive sites that traffic in sensational rubbish.

And the jokers who runs stories and fear pieces about 'the caravan' know exactly what they are doing.  They do not believe that rubbish they are spouting.    They are brazen liars and snakes. 

Think about that.    By their fruits you will know them.   What other poisons are they using to infect your minds with hate and fear, and twist and harden your hearts?

There is no love in them.  Except for the darker powers of this world.

We will be getting the Advance GDP numbers for Q3 tomorrow morning.

Have a pleasant evening.

Dreaded Migrant Caravan - The Mobile 'Reichstag Fire' - Be Very Afraid

"Thousands of Honduran migrants hoping to reach the U.S. stretched out on rain-soaked sidewalks, benches and public plazas in the southern Mexico city of Tapachula, worn down by another day's march under a blazing sun.

The caravan’s numbers have continued to grow as they walk and hitch rides through hot and humid weather, and the United Nations estimated that it currently comprises some 7,200 people, “many of whom intend to continue the march north.”

However, they were still at least 1,140 miles (1,830 kilometers) from the nearest border crossing — McAllen, Texas — and the length of their journey could more than double if they go to Tijuana-San Diego, the destination of another caravan earlier this year. That one shrank significantly as it moved through Mexico, and only a tiny fraction — about 200 of the 1,200 in the group — reached the California border.

Some have questioned the timing so close to the vote and whether some political force was behind it, though by all appearances it began as a group of about 160 who decided to band together in Honduras for protection and snowballed as they moved north.

“No one is capable of organizing this many people,” Mujica said, adding that "there are only two forces driving them: hunger and death.”

Associated Press, October 23, 2018

These poor families are only over a thousand miles away, walking on foot, trying to escape the brutal oppression of a government we help to sustain in Honduras.

And they are coming for your freedom. And maybe to meddle in our elections.  See the usual clickbait and tinpot internet sites for details on this looming menace.

Be afraid.  Be very afraid.

Seriously, if they can make it to Texas in the next couple of weeks, over a thousand miles on foot at the most direct and punishing route, I say let them in.

They may be good prospects for our Olympic teams.  Especially the women and children.

And we could use some resourceful and self-reliant people, because we are obviously becoming a bunch of hysterical nincompoops who will believe just about anything.  And the bigger and more fearful and hate-filled the lie the better we like it.