Alongside China, India is the most important gold consumer, comprising 20% of global demand. Without a doubt, India’s punitive gold taxes have penalized that population and has hurt the gold market. Official gold imports to India probably fell 70% in the final quarter of 2013, from 255 tons a year ago. The jewelry industry in India is very large and has been damaged by policy. Smuggling is rampant, and the gold trade has been taken over by mobsters. The following chart isn’t entirely accurate because of the under-reported smuggling activity, but it does illustrate the issue.
“The best way to keep a secret between three people- kill the other two.“- Jimmy Hoffa
With the massive, out-of-control, large-scale deception and lies from the criminal network, or cabal, that is in control, it’s useful to have some methods and skills available for spotting lies. One excellent method is described in a short TedTalks video (below) about spotting lies and is called “duping delight.” A self-explanatory term, usually this is manifested by a smirk, or less-than-genuine grin.
Those of you who made the effort to watch the videos in my post on Sandy Hook could easily see a virtual epidemic of duping delight from the people involved. These people seemed to relish in it. The handlers of the Sandy Hook hoax seemed so caught up with getting away with duping that it resulted in overkill. The following video should shed some light on duping delight.
Russia will run down the clock on the Ukraine’s fuel supplies and then continue to escalate pro-Russian militia activity in the Russian enclaves of eastern Ukraine. I discussed this winning strategy in a post a few weeks ago.
Ukraine is trying to counter by mobilizing armed forces to launch a “full-scale anti-terrorist operation” against pro-Russian separatists. Given the Mad Max conditions perhaps the Ukrainians can muster up some 19th century cavalry units or Mad Max type guerrilla street fighters in lieu of the fuel-guzzling motorized vehicles actually needed to go up against Russians. A Ukrainian counter move will be dead on arrival, and I suspect Ukrainian units will pay a heavy price. Ukraine is now calling on Europe to deliver natural gas and fuel, which Europe in turn gets from Russia, further complicating the chess board and stretching lines of communication.
Platinum Group Metals Ltd. (PLG) holds one of the most compelling platinum-group metals (PGM) deposits in the world. The district, called Waterburg, is 600 square km. Unlike elsewhere in South Africa, where there are deep underground PGM mines that are in the process of crashing and burning, this is a mechanized mining operation into a shallow reef. The reef offers 10-meter zones versus the 1 meter by hand seen in the other failing South African underground operations. The stoping method is far more economical. The Merensky Reef at the Waterburg extension is 20 km long and the ore content, typically 3 gram /t, is very consistent. The product would be sent to a nearby Anglo smelter.
I present the following clips from the Newtown Sandy Hook incident and some accompanying surreal evidence without a lot of comment. I just leave it to the viewer to invest a little time into examining this and then make the call: are these B grade actors or real people in grief? Only have one simple basic request, do not talk shit or make comments unless you’ve actually watched the videos. For perspective here is a real grieving mother, very hard to even watch.
Back in June I wrote a post and picked up shares in Moneta Porcupine. Judging from the click throughs to the article and complete lack of comments, I am guessing that not a single subscriber owns shares in this one. That is unfortunate, as this is one heck of a situation IMHO. Moneta doesn’t seem to promote. For the record, I receive no compensation from companies and am entirely independent and subscriber supported.
One of the dates I’ve had on the calender was the start of Japan’s new VAT tax. We now have an a very good inkling of what that looks like. The Japanese version of Nordstroms, Takashimaya’s revealed revenue in the April 1-7 period: a crash of 25%.
The decision by the Reserve Bank of India (RBI) to grant gold import licenses to five private sector banks has produced a result: Gold premiums have dropped 70% during last week. The premium is at the $25 to $30 per ounce level. Next up: Elections have begun in India. It is now just a question of timing in terms of lifting the further curbs on gold imports. The ruling party in India has already stated that revision of gold import tariffs will be taken up following the elections. The main opposition party in India has also announced that any action on gold should look at the interests of the public and traders, not just economics and policy.
Sandspring’s Toroparu deposit represents an extremely inexpensive play on some the best prospective ground in the world on the Guyana Shield. This deposit is a short distance away from Guyana Goldfield’s (GUY) Aurora project which is in the process of being built. The district also holds ten advanced staged exploration targets. Gold is Guyana’s most valuable export.
In this regular RadioFreeWallStreet podcast for subscribers, Russ Winter tells a great story of intrigue, gangsters and “good guys” in China. Lee Adler says that liquidity will tilt the playing field in April, a theme that he has hammered on for weeks. Now it’s put up or shut up time. …