Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1586

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode.php on line 2958

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1586

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode.php on line 2958

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bbcode_alt.php on line 1270

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4

Warning: Function ereg() is deprecated in ..../includes/class_postbit_alt.php(486) : eval()'d code on line 4
Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ Public comments on articles published on SilverSeek.com en Thu, 24 Aug 2017 06:49:25 GMT vBulletin 60 http://forums.silverseek.com/images/misc/rss.png Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ <![CDATA[Hold on – The Gold & Silver Bull IS GONNA KICK]]> http://forums.silverseek.com/showthread.php?68655-Hold-on-–-The-Gold-amp-Silver-Bull-IS-GONNA-KICK&goto=newpost Thu, 24 Aug 2017 03:11:32 GMT Deleted by Forum, one must be careful where articles are extracted from, not sure what or where that is, but it didn't like this one. ]]> SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68655-Hold-on-–-The-Gold-amp-Silver-Bull-IS-GONNA-KICK COT Silver Report - August 18, 2017 http://forums.silverseek.com/showthread.php?68654-COT-Silver-Report-August-18-2017&goto=newpost Sat, 19 Aug 2017 06:42:35 GMT *Silver COT Report only http://silverseek.com/commentary/cot-silver-report-august-18-2017-16817 for anyone not able to see the full Silver... Silver COT Report only

http://silverseek.com/commentary/cot...-18-2017-16817


for anyone not able to see the full Silver COT report posted above or wanting to see both the Gold and Silver COT reports combined

http://news.goldseek.com/COT/1503084718.php
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68654-COT-Silver-Report-August-18-2017
The fiscal benefits of free trade http://forums.silverseek.com/showthread.php?68653-The-fiscal-benefits-of-free-trade&goto=newpost Sat, 19 Aug 2017 06:23:24 GMT *Alasdair Macleod | Friday, August 18th Western governments have an overriding problem, and that is they have reached or exceeded the bounds of... Alasdair Macleod | Friday, August 18th


Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury departments in all the welfare nations are acutely aware of this problem, to which there’s no apparent solution. The economic recovery, so consistently forecast since the great financial crisis, has hardly materialised and has added to the problem.

There is, if treasury economists could only understand it, a solution in free trade.

One of the UK’s leading economists and Brexiteers, Patrick Minfordi, produced an interesting paper, which brought up this subject. It got little coverage in the press, and even that was extremely negative. Trading on the Future was the only economic modelling exercise that showed significant benefits for Britain from free trade.ii

This is the headline from the Independent (19 April): “Only economic study showing benefits of Brexit debunked as ‘doubly misleading’.” The establishment, which is not attuned to free trade, strongly disagreed and presumably felt bound to protect its position.

The problem with Professor Minford’s paper is that he was compelled, by standard macroeconomic practice, to model the economy under different scenarios. It then becomes a debate about whose model is right, as opposed to which economic theory is right. We all know the old saw about computer models and garbage in and garbage out, so defending statistical assumptions becomes little more than a slanging match. And if all the models but one agree, who is going to take the one seriously?

This diverts attention from the excellent points that Professor Minford makes separately from his model, which broadly concur with common sense. Common sense, in this context is properly reasoned economic theory in terms capable of being understood by one’s fellow man. That it has long been abandoned by the macroeconomic establishment is a theme which will be familiar to my readers.

Professor Minford argues that free trade lowers prices for the benefit of the consumer. If tariffs are removed, it is a statement of the obvious. After all, a tariff is a tax on consumption, and if the tax is not imposed, prices will be lower. Furthermore, the competition triggered by a national market being opened to more foreign manufacturers is likely to drive prices down even more. The consumer benefits from free trade, and with the same wages, he can buy more goods and services.

The boost to the economy from lower consumer prices is an excellent result, with clear fiscal benefits. But hold on; are not higher prices, the objective of monetary policy, the only thing that gets the consumer buying? Professor Minford, to ordinary intelligent men, makes sense. But to the establishment economists in their ivory towers this is no less than insurrection against their cherished assumptions.


http://silverseek.com/article/fiscal...ee-trade-16816
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68653-The-fiscal-benefits-of-free-trade
Debt, Dollars, DOW, War, Silver and Shirts http://forums.silverseek.com/showthread.php?68651-Debt-Dollars-DOW-War-Silver-and-Shirts&goto=newpost Thu, 17 Aug 2017 06:19:18 GMT *Gary Christenson | Wednesday, August 16th Yes, they are connected. Dollars are created as debt. More dollars in circulation = more debt. ... Gary Christenson | Wednesday, August 16th

Yes, they are connected.

Dollars are created as debt. More dollars in circulation = more debt.

More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly.

Commercial banks and central banks have created trillions of new dollars. Each new dollar devalues every other dollar currently in circulation, in savings, and in pension accounts. Prices rise!

Wars are costly, kill people and produce little. Governments like wars because they create demand for production of war materials. More production means a higher GDP (even if the concept means little). Politicians point to higher GDP and claim it is good. More production creates employment. Everyone wins, unless the bomb fell on you. Unless the drone targeted you. Unless you live on a fixed income and prices continue to rise. Unless you are a soldier and were injured or killed.

As dollars are devalued, prices rise for most goods and services. Yes, televisions are less expensive, but have you checked the price of beer, medical care, cigarettes, cars, Whisky, college tuition, food, and 101 other items we need?

As dollars are devalued, the price of silver rises. Each dollar buys a smaller piece of silver. Wars burn many dollars, many ounces of silver, and consume other commodities, which rise in price. Demand for silver increases, dollars buy less, and supply increases slowly, if at all. Prices for silver rise because of supply, demand, and devaluation.

The DOW is higher because each dollar buys less. Central bank “printing” of many extra dollars supports the DOW. Wall Street hype helps also. Regardless of the hype, a good crash occurs every decade or so, and after the crash the stock market rises again. Most people buy high, watch it crash, and sell low. How many people will take profits near the top in this market? BUY SILVER!

As prices rise, shirts cost more.

http://silverseek.com/article/debt-d...d-shirts-16809
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68651-Debt-Dollars-DOW-War-Silver-and-Shirts
<![CDATA[The Morgan Report's Weekly Perspective August 12, 2017]]> http://forums.silverseek.com/showthread.php?68649-The-Morgan-Report-s-Weekly-Perspective-August-12-2017&goto=newpost Tue, 15 Aug 2017 00:36:16 GMT *http://silverseek.com/commentary/morgan-reports-weekly-perspective-august-12-2017-16803* http://silverseek.com/commentary/mor...-12-2017-16803 ]]> SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68649-The-Morgan-Report-s-Weekly-Perspective-August-12-2017 Gold and Silver COT report - 8/11/2017 http://forums.silverseek.com/showthread.php?68647-Gold-and-Silver-COT-report-8-11-2017&goto=newpost Sat, 12 Aug 2017 07:56:53 GMT *http://news.goldseek.com/COT/1502480050.php* http://news.goldseek.com/COT/1502480050.php ]]> SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68647-Gold-and-Silver-COT-report-8-11-2017 Gold and Silver COT Report http://forums.silverseek.com/showthread.php?68646-Gold-and-Silver-COT-Report&goto=newpost Sat, 05 Aug 2017 19:23:18 GMT *Large speculators continue to close Short contracts while Commercial investors continue to add Short contracts again this week. ... Large speculators continue to close Short contracts while Commercial investors continue to add Short contracts again this week.

http://news.goldseek.com/COT/1501875202.php
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68646-Gold-and-Silver-COT-Report
Four Top Primary Silver Miners Production Plummets http://forums.silverseek.com/showthread.php?68645-Four-Top-Primary-Silver-Miners-Production-Plummets&goto=newpost Sat, 05 Aug 2017 19:17:58 GMT *Steve St. Angelo (http://silverseek.com/users/srsrocco) August 5, 2017 - 4:52am In an interesting change of events, production at four of the... Steve St. Angelo August 5, 2017 - 4:52am

In an interesting change of events, production at four of the top primary silver miners plummeted during the second quarter of 2017. This goes well beyond normal fluctuations in mining companies production figures during different quarterly reporting periods. The company with the least percentage decline in silver production still suffered a 20% reduction of mine supply in the second quarter.

According to recently released company data, silver production declined between 20-34% from these four primary silver miners during the second quarter. The company that suffered the biggest decline in silver production was Hecla at -34%, followed by Endeavour Silver at -26%, Silver Standard at -24% and First Majestic with a decrease of 20%:



Total silver production from these four primary silver miners fell 27%, from 11 million oz (Moz) during Q2 2016, to 8 Moz Q2 2017. We can see the breakdown in the chart below:






Hecla suffered the largest decline in silver production by falling 34% due to a mining strike at its Lucky Friday Mine in Idaho. Production at the Lucky Friday Mine has been suspended since a workers strike began at the mine on March 13th. Furthermore, Hecla’s Green Creek Mine in Alaska saw its silver production decline from 2.1 Moz Q2 2016 to 1.9 Moz Q2 2017 due to falling ore grades.

http://silverseek.com/commentary/fou...plummets-16795 ]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68645-Four-Top-Primary-Silver-Miners-Production-Plummets
The Key Test Ahead http://forums.silverseek.com/showthread.php?68644-The-Key-Test-Ahead&goto=newpost Sat, 05 Aug 2017 18:37:07 GMT *Theodore Butler | August 4, 2017 - 9:15am Before getting into the subject of today’s title, allow me to update a couple of topics previously... Theodore Butler | August 4, 2017 - 9:15am

Before getting into the subject of today’s title, allow me to update a couple of topics previously discussed. Last Wednesday, I offered a review of world silver inventories in which I concluded that there were roughly one billion oz in fully documented inventories of metal in industry standard 1000 oz bars and perhaps another 500 million to one billion additional oz in unverified holdings; making a grand total of 1.5 to 2 billion oz for world silver inventories in, essentially, the only form that matters.

I went on to claim that JPMorgan owned a total of 600 million oz of that silver, including just over 100 million oz in its COMEX warehouse and 500 million in unverified holdings. In essence, I was claiming that JPMorgan held either all of the world’s unverified silver inventories or that there might be another 500 million oz out there that JPM didn’t own. I know this is a pretty outrageous claim, but I study this stuff closely and it is my firm conclusion that JPMorgan holds between 30% to 40% of all the 1000 oz bars in the world. Most outrageous of all, of course, is that JPMorgan bought all this silver over the past six years as it depressed the price by virtue of it also being the largest paper short seller on the COMEX.

When I wrote last week’s article, I knew full well that the LBMA was about to publish, for the first time ever, the quantities of gold and silver bullion held in London. To be frank, one reason I wrote the inventory article was to preempt the LBMA, because I was sure they would overstate world silver inventories. In the interest of full disclosure, please know that in terms of transparency and reasonable verification of its published statistics, I hold the LBMA in the lowest possible regard –almost to the point of disregarding everything they claim. I had every expectation that the LBMA would report that many billions of silver ounces resided in their affiliated vaults.

Therefore, it came as quite a bit of a shock to read that the LBMA reported that it held “only” one billion oz of silver, since it was much less than I would have expected it to report. I’m not going to get into the amount of gold (240 million oz) that the LBMA claims to have in its vaults, for the simple reason that no one argues that there isn’t roughly 5.6 billion oz of gold in all forms throughout the world and the amount said to be in the LBMA is less than 5% of the total gold in the world (even though it’s the second largest gold holding in the world, behind the US Government’s holdings). A key point I tried to make last Wednesday was that individual gold stockpiles were less critical because there was no dispute about how much total gold existed. There could be (and is) endless discussion about who really owns the world’s gold, but not that it exists in reasonably-known quantities.

http://silverseek.com/commentary/key-test-ahead-16791
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68644-The-Key-Test-Ahead
Precious Metals And Bitcoin-Twin Destroyers Of The Fiat Regime, Part lll http://forums.silverseek.com/showthread.php?68643-Precious-Metals-And-Bitcoin-Twin-Destroyers-Of-The-Fiat-Regime-Part-lll&goto=newpost Thu, 03 Aug 2017 11:28:34 GMT Andrew Hoffman | August 2, 2017 - 4:48pm

After Whirlybird Janet's "ding dong, the Fed is dead" speech 2½ weeks ago, I predicted the "final currency war" I first warned of 4½ years ago would be taken to Defcon 1 - as all Central banks aggressively respond to the America's increasingly inflationary monetary policy; particularly, after its "low interest rate person" President installs Yellen's replacement early next year. And lo and behold, last night's Royal Bank of Australia policy statement "warned" that a stronger Aussie dollar would "contribute to subdued price pressures"; as it was "weighing on the outlook for output and employment"; which in turn, would "result in a slower pick-up in economic activity and inflation than currently forecast." In other words, its GAME ON in the global race to debase; simultaneous with, care of the gold Cartel, the lowest-ever inflation adjusted Precious Metal prices; and plunging gold and silver production, as Steve St. Angelo pointed out last night - of how Chilean silver production is down a stunning 32% year-over-year.

Irrespective, the dollar continues to plunge to lows last seen more than a year ago; as now that the "reserve currency" issuer has made it clear that additional rate hikes aren't happening; and likely, any hope of a balance sheet "exit strategy"; essentially nothing the administrators of "lesser fiat toilet papers" say or do matters. Which is why it was so irritating watching PM's yesterday, amidst maniacal Cartel capping featuring the time-honored DLITG, or "don't let it turn green" algorithm. And thus, why Precious Metal holders (like myself) become increasingly angry with each passing day; not just for the financial damage done to us personally, but the political, economic, and social damage incurred on the "99%," for the benefit of the 1%. Which is why, per today's second follow-up to May 2016's "Precious Metals and Bitcoin - Twin Destroyers of the Fiat Regime," I am so excited about the dramatic, generational impact of crypto-currency.

http://silverseek.com/commentary/pre...part-lll-16786
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68643-Precious-Metals-And-Bitcoin-Twin-Destroyers-Of-The-Fiat-Regime-Part-lll
Silver Investment: Outperformed Gold In This Major Sector http://forums.silverseek.com/showthread.php?68642-Silver-Investment-Outperformed-Gold-In-This-Major-Sector&goto=newpost Tue, 01 Aug 2017 21:49:52 GMT *Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious... Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower.

When we start to witness a huge correction or crash in the broader stock markets, there only be a few physical assets worth owning to protect wealth. Investors moving into the precious metals at this time, will see their asset values increase significantly. However, silver will likely out perform gold as investors and speculators move into the more undervalued precious metal.

Actually, we have already witnessed this as physical silver investment versus jewelry demand has outperformed gold in the same market. Let me explain. While industrial demand is the largest consumer of silver in the market, silver jewelry demand has ranked second for quite some time. But, this all changed after the 2008 U.S. Banking Industry and Housing Market collapse.

For example, global silver jewelry demand in 2007 was 182 million oz (Moz) versus 62 Moz in silver bar and coin demand. Thus, physical silver bar and coin demand was only 34% of world silver jewelry demand:




However, during the U.S. market meltdown in 2008, physical silver bar and coin investment surged more than three times to 197 Moz, while silver jewelry demand stayed flat at 178 Moz. In just one year (2007 to 2008), physical silver investment accounted for 110% of global silver jewelry demand.

While silver investment demand fluctuated over the next seven years, it hit a record high of 291 Moz in 2015 as investors took advantage of low prices not seen since 2009. As physical silver bar and coin demand reached a new record in 2015, accounting for 128% of global jewelry demand that year.

http://silverseek.com/commentary/sil...r-sector-16784
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68642-Silver-Investment-Outperformed-Gold-In-This-Major-Sector
The COT report for July 28,2017 http://forums.silverseek.com/showthread.php?68641-The-COT-report-for-July-28-2017&goto=newpost Sun, 30 Jul 2017 04:00:54 GMT *The Large and Small speculators have been retreating from their short positions and the commercials have started adding short positions again,... The Large and Small speculators have been retreating from their short positions and the commercials have started adding short positions again, what's new other than some wishful thinking.

The Silver COT report was not broken out on SilverSeek this week so I'm just posting the combination Gold and Silver report on GoldSeek that everyone can read.

http://news.goldseek.com/COT/1501270346.php
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68641-The-COT-report-for-July-28-2017
The Most Precious Metals Bullish I’ve Ever Been http://forums.silverseek.com/showthread.php?68640-The-Most-Precious-Metals-Bullish-I’ve-Ever-Been&goto=newpost Sun, 30 Jul 2017 03:21:21 GMT * Andrew Hoffman | July 28, 2017 - 2:31pm Today is a very big day for me - at least, in my mind. As, at five years, nine months, my employment...
Andrew Hoffman | July 28, 2017 - 2:31pm

Today is a very big day for me - at least, in my mind. As, at five years, nine months, my employment with Miles Franklin has officially tied the previous longest job of my career - at Salomon Smith Barney, from May 1999 through February 2005. After which, I spent five years working for numerous mining companies - all of whom, either went bankrupt or otherwise failed. Thus, when I was afforded the opportunity to "move up the totem pole" of stability in October 2011 - as Marketing Director of one of America's oldest, most trusted bullion dealers - I jumped at the chance. Since then, the partnership I formed with the firm's owners, David and Andy Schectman; and brokerage and back office team - most of whom, have been with the firm for decades - has been, in my view, extremely successful. To that end, I look forward to serving the Precious Metals community for "as long as it takes," until the war we are fighting with the powers that be is inevitably - and hopefully, imminently - won.

That said, I intend to make significant waves on this day of extremely important personal achievement. As, per today's title, I am departing significantly from my "box" of industry commentator - with a more forceful statement of what I anticipate. Sure, I could be wrong; but as the title of my July 18th SGT Report podcast states - taped when gold was $1,240/oz - I foresee "no more downside to Precious Metals." And no, I don't mean they can't go down at all; but instead, that the supply/demand fundamentals have become so positive on an absolute basis; and more so, relative to their historically suppressed prices; that I view their all-in risk/reward profiles as the most favorable in the 15 years I have been watching this sector, tick for tick.

Yes, I know four pieces of economic propaganda - I mean, "data" - are coming out an hour from now; and the "all-important" GDP report tomorrow, rivaled only by the CPI and NFP jobs report in the amount of politically-motivated accounting gimmickry they are subject to. However, it's starting to feel like gold and silver are becoming "immunized" to "bad news" like "better than expected" economic data. And now that Janet Yellen "sealed the deal for no rate hikes until at least December (expectations fell to 0% for September and 48% for December) after yesterday's uber-dovish FOMC policy statement; it's difficult to envision the dollar demonstrating material strength any time soon, unless something really bad occurs in Europe.

http://silverseek.com/commentary/mos...ver-been-16779
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68640-The-Most-Precious-Metals-Bullish-I’ve-Ever-Been
We are declaring war on cash,” Bank spokesman Andy Gerlt http://forums.silverseek.com/showthread.php?68639-We-are-declaring-war-on-cash-”-Bank-spokesman-Andy-Gerlt&goto=newpost Wed, 26 Jul 2017 00:24:56 GMT *Banks Are Scheming to Dominate a Future Cashless Society Written by Shaun Bradley for theantimedia.org Visa recently announced its new... Banks Are Scheming to Dominate a Future Cashless Society

Written by Shaun Bradley for theantimedia.org

Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it¡¦s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they¡¦ve partnered with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate.

„à
¡§We are declaring war on cash,¡¨ Visa spokesman Andy Gerlt proudly proclaimed after the program was announced.

The food-based small businesses Visa is targeting are among those that benefit most from accepting cash from customers. When transactions are for amounts less than $10, the fees charged cut significantly into profits. Only 28% of food trucks currently accept credit card payments because of the huge losses they incur from them. The bribe from Visa may seem appealing up front but will be mostly paid back to them over the next few years in fees alone.

Liz Garner, Vice President of the Merchant Advisory Group, which represents over 100 of the largest businesses in the U.S., explained some of the hurdles faced when dealing with card networks:

“For many businesses – both large and small – the cost of accepting plastic cards and other forms of electronic payments is one of their highest operating costs. Most business owners have no qualms about paying reasonable fees for business services, and they do so every day for items such as cleaning services, security systems, Wi-Fi, and other basic needs. However, they have the ability to negotiate for those services in a fair and transparent marketplace, which they do not with the two major credit and debit card networks….Credit card and debit card fees are dictated directly by Visa and MasterCard and are imposed on the majority of merchants in a take-it-or-leave-it fashion. Most businesses feel that failing to accept these major card brands is not a competitive option so they continue accepting electronic payments even though the costs are squeezing their business, and the inflexible acceptance rules fly in the face of free market enterprise,”

This ongoing push for a cashless society in Europe, Asia, and the Americas is about much more than just phasing out paper money — it’s about central planners solidifying control over the public’s wealth. This ongoing merger of corporate and government interests is the definition of crony capitalism. Regardless of the blatant collusion, the choices individuals make will still ultimately decide the direction for the future. Buying material goods on credit has become a lifestyle for millions, but the long-term costs of those decisions must be understood if there’s any chance for progress.

Americans have made a huge mistake by running up a staggering $1 trillion dollars in credit card debt with an average interest rate of over 16%. Thanks to the Federal Reserve system, companies like Mastercard, Discover, and American Express can issue bonds paying extremely low-interest rates to the investors while simultaneously lending that money out to credit card holders at sky high rates. Companies will always take advantage of opportunities to increase profits, but the people’s willingness to keep borrowing from them is at the core of the problem.


https://www.marketslant.com/article/...man-andy-gerlt
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68639-We-are-declaring-war-on-cash-”-Bank-spokesman-Andy-Gerlt
SWOT Analysis: Silver In the Spotlight http://forums.silverseek.com/showthread.php?68638-SWOT-Analysis-Silver-In-the-Spotlight&goto=newpost Tue, 25 Jul 2017 13:25:41 GMT * Frank Holmes | July 24, 2017 - 9:25am Strengths •The best performing precious metal for the week was silver, up 3.34 percent as investors...
Frank Holmes | July 24, 2017 - 9:25am

Strengths

•The best performing precious metal for the week was silver, up 3.34 percent as investors loaded up on ETFs that purchase the physical metal, perhaps speculating that silver would outperform gold if the latter rallied. Gold traders and analysts remained bullish this week, for the fifth week, as the European Central Bank keeps its stimulus going, reports Bloomberg. In addition, as the dollar slumps amid an investigation into President Trump, gold heads for the first back-to-back weekly advance since early June, another Bloomberg article reads.
•Gold bulls are keeping their faith in the metal, reports Bloomberg, as the equity rally pares the yellow metal’s gains. Gold bulls have pointed to slow inflation and Fed concerns that asset prices look “somewhat rich.” Similarly, a Bank of America Merrill Lynch survey shows fund managers are growing hesitant to buy U.S. equities. Jason Mayer of Sprott Asset Management says that the non-stop bull market has led to a lot of complacency where managers aren’t hedging. “Once that tide turns, that could prove to be bullish for gold and precious metals,” Mayer said.
•After President Trump’s economic revitalization agenda once again faltered, the U.S. dollar fell to an 11-month low this week, reports Bloomberg. Opposition to Trump’s health-care reform bill, along with European shares dropping amid earnings disappointments, sent gold to its highest level this month.




Weaknesses

•The only negatively performing precious metal for the week was palladium, off 1.62 percent. Hedge funds and money managers seem to be losing their faith in gold, along with other precious metals, reports Bloomberg. Before posting its first weekly gain in six weeks, the net-long position in gold fell to the lowest in 17 months for the week ended July 11. Money managers are hitting the exit as they brace for monetary tightening in the U.S. and Western Europe, the article continues, and aren’t waiting around for signs that the Fed may change its rate trajectory.
•U.K. Royal Mint sales dropped in the second quarter by 62 percent compared with the previous three months, reports Bloomberg. Sales are down 41 percent from a year earlier. And according to data on the Swiss Federal Customs Administration’s website, Swiss gold exports declined 169.5 tons in May. Month-over-month exports to India also fell, but exports to China and Hong Kong both rose.
•Jaguar Mining previously had seen its 2017 gold production output at 100,000 ounces, but the company cut its forecast to 95,000-105,000 ounces, reports Bloomberg. Positive news, however, came after its decision to leave Turmalina at Level 9 and commence development and mining of Level 10 in Orebody A. Turmalina saw significantly stronger production in June versus April following this decision, the article continues.

http://silverseek.com/commentary/swo...potlight-16771
]]>
SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68638-SWOT-Analysis-Silver-In-the-Spotlight