TNT:
Iko Ward : Forex continues it's new Dinar pattern of 1120/1173 spread with a low if 1115 and high of 1120. Crude is 39.6, Gold 1122, ISX lost a tiny fraction last night along with the Saudis, World Markets hanging around waiting like us. Logic, Reason and Rumor say tonight is our night. I still have plans to go sailing, but i also have plans for the bank. Your call, PTB
NetGlobal: IKO. why tonight?
Iko Ward: Net..3AM EST, starts in Iraq and takes the weekend getting to US. Maybe we get to go in Friday night and Saturday. If not, Monday's gonna be bloody.
EF: NYSE invokes Rule 48 for third straight day Jenny Cosgrave | @jenny_cosgrave This tells me they have no fix folks. Plain and Simple!
Smoke: What does it mean for the nyse to impose the rule 48
....
Iko Ward : Forex continues it's new Dinar pattern of 1120/1173 spread with a low if 1115 and high of 1120. Crude is 39.6, Gold 1122, ISX lost a tiny fraction last night along with the Saudis, World Markets hanging around waiting like us. Logic, Reason and Rumor say tonight is our night. I still have plans to go sailing, but i also have plans for the bank. Your call, PTB
NetGlobal: IKO. why tonight?
Iko Ward: Net..3AM EST, starts in Iraq and takes the weekend getting to US. Maybe we get to go in Friday night and Saturday. If not, Monday's gonna be bloody.
EF: NYSE invokes Rule 48 for third straight day Jenny Cosgrave | @jenny_cosgrave This tells me they have no fix folks. Plain and Simple!
Smoke: What does it mean for the nyse to impose the rule 48
....
Jimbake: Rule 48...Unlike a circuit breaker that stops stock trading, Rule 48 speeds up the opening by suspending the requirement that stock prices be announced at the market open. Those prices have to be approved by stock market floor managers before trading actually begins. Without that approval, stock trading can begin sooner.
Nurseginger: The goal of Rule 48 is to ensure orderly trading amid financial market turbulence. It's only used in the event that extremely high market volatility is likely to have a floor-wide impact on the ability of designated market makers (DMMs) to disseminate price indications before the bell.
EF: Right Jim. Let's add they wouldn't add rule 48 if there was confidence. There is NO Confidence!
Jimbake: To invoke Rule 48, an exchange would have to determine that certain conditions exist that would cause market disruptions. Those conditions include: volatility during the previous day's trading session trading in foreign markets before the open substantial activity in the futures market before the open the volume of pre-opening indications of interest government announcements
NurseGinger: The process has begun....now its a matter of having your plan in order
**********
freedomboomer : Dollar Depeg Du Jour: 32-Year Old Hong Kong FX Regime In The Crosshairs
http://ift.tt/1NUgWPJ
Another article this time India. ... http://ift.tt/1NUgYHw
Martha: retaliate? I dont thinks cause they are also very rich country that needs to re-align as well
The next 3 days have eights in them and on 8/28 there are 4 of them. On 8/28 you will see Iraq's parliament get paid, the un operational sheet is out and a formal announcement by the GOI?CBI
Balding Eagle: 8/26/2015 = 888 as follows: 8 / 2 + 6 / 2 + 1 + 5
Martha: balding eagle you are right and I actually got an email about that today. It means prosperty and getting money hint hint…… 8/27 and 8/28 also have eights and the you have the full moon on 8/29 a sign of completion of a lunar cycle and hopefully our completion of the rv
Martha: Iraq"s ISX gave their new members till 8/27 to get on board for the train was leavin the station without them-they need a real rate to do this!!!
I have heard this called the race to the bottom but it really a correction/or re-alignment of the currencies not a currency war which it is also being called
Fitzgerald: TIME WILL SOON TELL US
Martha: fitz this would be a great day to do it. China just put money into short term loans for interbank use. The market will still be a rollercoaster but what a perfect time to bring that first basket in when no one is really looking…..the short term loans for china are interbank loans like our bridge loans to help for a short term which I believe is 6 days
China is leveling off at this point but the other markets like Europe and US are still trying to hedge their bets to china's next "move"
Actually China jumped started this a week ago. Lets say these are very strong labor pains. Everyone is READY and we just watch the show for the moment. this is so worldly an undertaking
**************
Jer39prov8: Parliament to vote on legal political parties and National Guard law 8/27/15
http://ift.tt/1KkgVpk
Nurseginger: The goal of Rule 48 is to ensure orderly trading amid financial market turbulence. It's only used in the event that extremely high market volatility is likely to have a floor-wide impact on the ability of designated market makers (DMMs) to disseminate price indications before the bell.
EF: Right Jim. Let's add they wouldn't add rule 48 if there was confidence. There is NO Confidence!
Jimbake: To invoke Rule 48, an exchange would have to determine that certain conditions exist that would cause market disruptions. Those conditions include: volatility during the previous day's trading session trading in foreign markets before the open substantial activity in the futures market before the open the volume of pre-opening indications of interest government announcements
NurseGinger: The process has begun....now its a matter of having your plan in order
**********
freedomboomer : Dollar Depeg Du Jour: 32-Year Old Hong Kong FX Regime In The Crosshairs
http://ift.tt/1NUgWPJ
Another article this time India. ... http://ift.tt/1NUgYHw
Martha: retaliate? I dont thinks cause they are also very rich country that needs to re-align as well
The next 3 days have eights in them and on 8/28 there are 4 of them. On 8/28 you will see Iraq's parliament get paid, the un operational sheet is out and a formal announcement by the GOI?CBI
Balding Eagle: 8/26/2015 = 888 as follows: 8 / 2 + 6 / 2 + 1 + 5
Martha: balding eagle you are right and I actually got an email about that today. It means prosperty and getting money hint hint…… 8/27 and 8/28 also have eights and the you have the full moon on 8/29 a sign of completion of a lunar cycle and hopefully our completion of the rv
Martha: Iraq"s ISX gave their new members till 8/27 to get on board for the train was leavin the station without them-they need a real rate to do this!!!
I have heard this called the race to the bottom but it really a correction/or re-alignment of the currencies not a currency war which it is also being called
Fitzgerald: TIME WILL SOON TELL US
Martha: fitz this would be a great day to do it. China just put money into short term loans for interbank use. The market will still be a rollercoaster but what a perfect time to bring that first basket in when no one is really looking…..the short term loans for china are interbank loans like our bridge loans to help for a short term which I believe is 6 days
China is leveling off at this point but the other markets like Europe and US are still trying to hedge their bets to china's next "move"
Actually China jumped started this a week ago. Lets say these are very strong labor pains. Everyone is READY and we just watch the show for the moment. this is so worldly an undertaking
**************
Jer39prov8: Parliament to vote on legal political parties and National Guard law 8/27/15
http://ift.tt/1KkgVpk
9 Ball: YOUR GOLD IS ONLY AS GOOD AS WHERE YOU STORE IT
Your Gold Is Only as Good as Where You Store It
by Jeff Thomas | August 24, 2015
The image below shows a Credit Suisse one-kilo bar of gold (worth roughly $35,000 at present).
Your Gold Is Only as Good as Where You Store It
by Jeff Thomas | August 24, 2015
The image below shows a Credit Suisse one-kilo bar of gold (worth roughly $35,000 at present).
Although my associate was joking when he placed it in his back pocket for the above photo, the gesture serves as a reminder of a basic principle of gold ownership:
Keep your bullion in a place where you maximise your control over your ownership of it, whilst minimising the control others (such as banks and governments) have over it.
At one time, banks were a primary choice for the storage of gold, but that’s changing rapidly. Why should that be? After all, the very idea of modern banking grew out of the storage of gold by goldsmiths.
Coming Cash Controls
For quite some time, I’ve been predicting the coming of cash controls in the EU, US and other countries that are awash in debt and, for all practical purposes, are insolvent.
Any country is likely to suffer from periodic negative monetary trends, even those whose governments are fiscally responsible. However, in the above jurisdictions, the problem has gone far beyond that. The problem is systemic, which means that a recovery can come only with a collapse and reset of the system.
Historically, when governments find themselves in this fix, they do the exact opposite of the right thing. They prolong the existing situation as long as possible, kicking the can down the road, assuring that the final collapse will be the worse for it. The government in question will print money, raise taxes, impose protective tariffs and implement capital controls.
All of these measures are harmful to the populace, particularly to those who have made the effort to save, storing their wealth (however large or small) in cash, precious metals, real estate, etc.
The big question for every responsible saver is, “What tricks will my government come up with to take away my wealth?”
Governments today are very sophisticated and it’s getting much harder to safeguard wealth. It’s become not only advisable but nearly essential to internationalise, to remove wealth from those jurisdictions that are on the ropes and squeezing their citizens for all they can get.
A good general assumption to make is to regard any wealth that’s in a troubled jurisdiction as sacrificial, that it’s in danger of regulation and/or confiscation. (The EU, US and Canada all now have bail-in laws; they just haven’t been implemented yet.)
Safe Investments
As these jurisdictions decline, a corresponding flight of capital has been taking place. Wise investors have been moving their wealth offshore, and as, increasingly, offshore bank deposits have been targeted by these governments, investors have been moving their cash into the harder-to-confiscate forms of real estate and precious metals. These two solutions have proven in the past to be the most secure and continue to be.
So let’s look at precious metals in particular. At one time, some savers held their bullion in ETFs: promissory notes, generally issued by banks, assuring that the saver could demand his bullion (or an equal value in cash) from the bank whenever he chose to do so.
However, it’s becoming common knowledge that banks (even some of the more trusted ones, such as those in Switzerland) have sold far more bullion than there is in existence in the world. One day, there will be a run on ETFs and those savers will find that they’re holding worthless paper.
As a result, savers are turning more and more to physical gold, held in a vault somewhere. But the banks are closing in further.
Recently, JPMorgan’s subsidiary, Chase Bank, advised its depositors that they may no longer hold cash or coinage in safe deposit boxes. Could it be that they’re hoping to force customers to cash in the bullion and place the proceeds in a deposit account, one that’s subject to confiscation by the bank?
Safe Storage
Not surprisingly, the wiser customers are moving their bullion to private storage facilities, not connected to any bank. In North America, some of the foremost independent storage facilities are located in Delaware, Toronto and British Columbia. But again, both the US and Canada are putting the squeeze on, through capital controls.
Therefore, the best storage companies are those that offer additional storage services offshore. One of North America’s top facility owners and crisis economic advisors, Eric Sprott, Chairman of Sprott Money Ltd., says,
I firmly believe people should have various storage sources as I do and storing offshore is one of the most prudent decisions that a smart investor can make.
Quite so. Like other leaders in the field, Eric offers alternative facilities inSwitzerland, Singapore and the Cayman Islands.
Of these three, Switzerland is the most traditional, but in recent years, the other two jurisdictions have become more attractive to many investors, as they have more modern, customer-friendly laws and have held their own against the US more successfully. To my mind, the very best facilities are located in these jurisdictions.
So, the big question is, if I had to make a choice, which one would I pick? Well, it’s a bit of a trick question, as I would not choose only one. In order to protect wealth, an essential requirement is diversification. To my mind, the optimum number would be three: Switzerland, Singapore and the Cayman Islands.
Keep your bullion in a place where you maximise your control over your ownership of it, whilst minimising the control others (such as banks and governments) have over it.
At one time, banks were a primary choice for the storage of gold, but that’s changing rapidly. Why should that be? After all, the very idea of modern banking grew out of the storage of gold by goldsmiths.
Coming Cash Controls
For quite some time, I’ve been predicting the coming of cash controls in the EU, US and other countries that are awash in debt and, for all practical purposes, are insolvent.
Any country is likely to suffer from periodic negative monetary trends, even those whose governments are fiscally responsible. However, in the above jurisdictions, the problem has gone far beyond that. The problem is systemic, which means that a recovery can come only with a collapse and reset of the system.
Historically, when governments find themselves in this fix, they do the exact opposite of the right thing. They prolong the existing situation as long as possible, kicking the can down the road, assuring that the final collapse will be the worse for it. The government in question will print money, raise taxes, impose protective tariffs and implement capital controls.
All of these measures are harmful to the populace, particularly to those who have made the effort to save, storing their wealth (however large or small) in cash, precious metals, real estate, etc.
The big question for every responsible saver is, “What tricks will my government come up with to take away my wealth?”
Governments today are very sophisticated and it’s getting much harder to safeguard wealth. It’s become not only advisable but nearly essential to internationalise, to remove wealth from those jurisdictions that are on the ropes and squeezing their citizens for all they can get.
A good general assumption to make is to regard any wealth that’s in a troubled jurisdiction as sacrificial, that it’s in danger of regulation and/or confiscation. (The EU, US and Canada all now have bail-in laws; they just haven’t been implemented yet.)
Safe Investments
As these jurisdictions decline, a corresponding flight of capital has been taking place. Wise investors have been moving their wealth offshore, and as, increasingly, offshore bank deposits have been targeted by these governments, investors have been moving their cash into the harder-to-confiscate forms of real estate and precious metals. These two solutions have proven in the past to be the most secure and continue to be.
So let’s look at precious metals in particular. At one time, some savers held their bullion in ETFs: promissory notes, generally issued by banks, assuring that the saver could demand his bullion (or an equal value in cash) from the bank whenever he chose to do so.
However, it’s becoming common knowledge that banks (even some of the more trusted ones, such as those in Switzerland) have sold far more bullion than there is in existence in the world. One day, there will be a run on ETFs and those savers will find that they’re holding worthless paper.
As a result, savers are turning more and more to physical gold, held in a vault somewhere. But the banks are closing in further.
Recently, JPMorgan’s subsidiary, Chase Bank, advised its depositors that they may no longer hold cash or coinage in safe deposit boxes. Could it be that they’re hoping to force customers to cash in the bullion and place the proceeds in a deposit account, one that’s subject to confiscation by the bank?
Safe Storage
Not surprisingly, the wiser customers are moving their bullion to private storage facilities, not connected to any bank. In North America, some of the foremost independent storage facilities are located in Delaware, Toronto and British Columbia. But again, both the US and Canada are putting the squeeze on, through capital controls.
Therefore, the best storage companies are those that offer additional storage services offshore. One of North America’s top facility owners and crisis economic advisors, Eric Sprott, Chairman of Sprott Money Ltd., says,
I firmly believe people should have various storage sources as I do and storing offshore is one of the most prudent decisions that a smart investor can make.
Quite so. Like other leaders in the field, Eric offers alternative facilities inSwitzerland, Singapore and the Cayman Islands.
Of these three, Switzerland is the most traditional, but in recent years, the other two jurisdictions have become more attractive to many investors, as they have more modern, customer-friendly laws and have held their own against the US more successfully. To my mind, the very best facilities are located in these jurisdictions.
So, the big question is, if I had to make a choice, which one would I pick? Well, it’s a bit of a trick question, as I would not choose only one. In order to protect wealth, an essential requirement is diversification. To my mind, the optimum number would be three: Switzerland, Singapore and the Cayman Islands.
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