Gold / Silver ratio is historically high at 72.
And Sprott Silver has a bigger discount to NAV than Sprott Gold? You don't see something like that every day.
04 May 2015
Power: The Essence of Corrupt Banking and Politics Is to Grow and Control the Debt
"Events have satisfied my mind, and I think the minds of the American people, that the mischiefs and dangers which flow from a national [central] bank far over-balance all its advantages. The bold effort the present bank has made to control the Government, the distresses it has wantonly produced, the violence of which it has been the occasion in one of our cities famed for its observance of law and order, are but premonitions of the fate which awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
Andrew Jackson, Sixth Annual Message, December 1, 1834
"Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.
These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.
The only element of production they are concerned with is the one they can control: capital."
Professor Carroll Quigley, Oscar Iden Lecture Series 3, 1976
This is the story of global trade deals, the Dollar, and the foul marriage between politics, money, and central banking. The more discretion and secrecy that is granted to those who create money and debt, the more vulnerable is the freedom of the people.
This is the story of Cyprus, of Greece, and of the Ukraine.
And there will be more.
This will to power is as old as Babylon, and as evil as hell.
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.
Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
Professor Carroll Quigley, Tragedy and Hope, 1966
"He promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them.
He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods.
Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."
John Henry Newman
Gold Daily and Silver Weekly Charts - Rosebud
"Mr. Kane was a man who got everything he wanted and then lost it. Maybe Rosebud was something he couldn't get, or something he lost."
Orson Welles, Citizen Kane
"Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves, after a fashion; but they cannot understand impoverishment.
Capable of giving alms, perhaps, but incapable of stripping themselves bare, they will be moved, to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them.
They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat."Léon Bloy
For what does it profit a man, to gain the whole world, but to lose his soul.
God's economy obviously has a very ironic sense of humor. Or justice.
The metals trade seems a little lighter today as 'the other guys' returned to the markets after last week's May Day holiday.
May is an active month for silver, and the action on the Comex seems center on the white metal.
Non-Farm Payrolls on Friday.
This is an interesting read. Why Did BIS Just Slam the Gold Price With a 590M Sale?
This is an interesting read. Why Did BIS Just Slam the Gold Price With a 590M Sale?
Have a pleasant evening.
SP 500 and NDX Futures Daily Charts - Federal Reserve Bubble-nomics
01 May 2015
China Takes 50.8 Tonnes of Gold From the Shanghai Exchange In Latest Week
There is a steady flow of physical gold to strong hands in Asia, the Middle East, and Russia.
Gold Daily and Silver Weekly Charts - April Non-Farm Payrolls Next Week
There was intraday commentary on the mispriced risks in the equity (and bond) markets here.
Gold was hit for a slight loss, but silver tended to hold its own in a 'active month.' I have included the silver delivery and warehouse report below.
There was also a set of graphs showing individual warehouse levels for silver posted intraday here.
Today was Mayday so many of the gold buying nations were otherwise occupied.
I suspect the big tickle next week will be the Non-Farm Payrolls report for April.
I have included the economic calendar for next week below.
Have a pleasant weekend.
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