Categories





The Phaserl






AvatarProducts



TheLibertyMill


GOLD AND SILVER WHACKED IN THE ACCESS MARKET: HOWEVER GLD INVENTORY RISES BY 2.93 TONNES TO 834.99 TONNES

SLV ALSO HAS AN ADDITION OF 1.136 MILLION OZ/CHINESE RETAIL SALES PLUMMET SO FAR TO BEGIN THEIR NEW YEAR/THERESA MAY MAY INVOKE ARTICLE 50 AS SHE GETS APPROVAL FROM PARLIAMENT

from Harvey Organ:

ERDOGAN CALLS OFF DEAL WITH EUROPE AND NOW THREATENS TO RELEASE MILLIONS OF MIGRANTS ONTO GREECE AND THEN ONTO OTHER EUROPEAN DESTINATIONS: JUST IN TIME FOR THE DUTCH ELECTIONS!/ TOMORROW 3 BIG EVENTS: 1. DEBT CEILING REACHED OFFICIALLY. 2. FOMC WILL RAISE RATES BY 1/4% /DUTCH ELECTIONS.

In silver, the total open interest ROSE by 229 contracts UP to 188,619 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.943 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 241 NOTICE(S) FOR 1,205,000 OZ OF SILVER

In gold, the total comex gold ROSE BY A CONSIDERABLE 7,593 contracts EVEN WITH A SMALL PRICE RISE IN GOLD ($1.70 with YESTERDAY’S TRADING) The total gold OI stands at 426,020 contracts. Note the difference between gold and silver.

Read More @ Harveyorganblog.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to GOLD AND SILVER WHACKED IN THE ACCESS MARKET: HOWEVER GLD INVENTORY RISES BY 2.93 TONNES TO 834.99 TONNES

  • rich

    Idaho Ends income Tax on Precious Metals, Arizona is Up Next

    Gold and Silver Are Money

    In a first and significant step towards the remonetization of Gold and Silver, Idaho voted tonight to remove income tax on precious metals. This is the first step in what will likely be a cascade of other states following suit.

    Last week we discussed here the Arizona Senate Finance and Rules Committees’ calling out the Fed on Gold Taxation by considering legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver.

    The main arguments in favor of removing taxation on Precious metals can be summarized as this:

    taxation on any appreciation in Gold’s value undermines its value as an inflationary hedge
    If gold and silver are priced in USD, then their price changes are a reflection on the USD buying power, nothing more
    You don’t pay tax when the buying power of the USD increases when buying EU goods. So why should Gold be treated differently?
    The removal of income tax and capital gains tax puts Precious Metals on a level playing field with FIAT currencies

    War Has Started

    Our Quick Analysis says two types of states will get in line behind Idaho.

    States in which a significant portion of their GDP is based on the mining of Precious Metals like Arizona, Nevada, and Utah
    Arizona votes soon on its version called HR Bill 2014. Utah has already passed its own version
    States who have a strong Libertarian streak running through them, like Idaho,other Pacific Northwestern states and Maine

    The wild card states are falling in favor of Precious Metals too. States like Alabama and Tennessee are in the process of removing sales tax on Precious Metals. In total almost 20 states have already taken that step.

    We feel that this is the beginning of a trend, not a toothless attempt. The people are speaking. All in all there is a unity across party lines, geography, and state industry. This is not going away. Bottom up movements, especially those in a populist environment do not go away. It could end with grass roots pressure on The Fed to not only end Federal taxation on Gold and Silver, but an actual Fed Audit

    https://www.marketslant.com/articles/idaho-ends-gold-and-silver-taxation-arizona-next

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>