Amazon is desperate – its business strategy is spreading so in the end they will do a lot a businesses but not do them well. – Observation from a long-time colleague of mine
Amazon announced recently that it is introducing a restaurant delivery service in Seattle. AMZN will deliver food orders from several area restaurants to AMZN customers. The Company is offering free delivery to Prime members.
I know every city has more one existing company that specializes in restaurant delivery. Denver has at least two big ones and some smaller ones. I’m sure has Seattle more than one as well. The service is not cheap and the delivery personnel are well-paid. This is a cash flow losing proposition for AMZN for as long as it offers free delivery to Prime member.
Rob Kirby from KirbyAnalytics.com is back to discuss the latest from the CRIMEX, which at this point in still known more widely as the COMEX, where available registered, deliverable PHYSICAL gold has fallen to an all-time low of 202,000 ounces! There is now 228 ounce of PAPER claims for every ounce of deliverable, registered gold.
“The Comex has been a Ponzi scheme for a great many years and what they’ve been playing is a shell game,” says Rob Kirby. “The gold market has been rife with criminality and fraud for a great many years now. We used to think that the gold that’s available is hiding under a shell and they move it around, and the day might be coming in the very near future where we turn all of the shells over and find out there’s nothing.”
Submitted by Tyler Durden on 09/13/2015 - 22:28 For now, US equity futures are higher on the day, rising by 9 point after being 14 points higher ealier, driven mostly by USDJPY correlation algos, and perhaps by Goldman's conviction that the Fed will not hike in September and may delay hiking until 2016 altogether. However, we expect this initial euphoria higher to fade momentarily, once the vacuum tubes realize that the catalyst of Friday's surge higher, namely Gartman's latest flipflopping is no longer on the table: as of tonight, just 1 trading day after his latest reco, Gartman has been stopped out as his 1.5% limit was hit when futures rose above 1962 this evening.
Submitted by Tyler Durden on 09/13/2015 - 20:54 In the seven years since the world’s central banks responded to the financial crisis by slashing interest rates, more than a dozen banks in the advanced world have tried to raise them again. All have been forced to retreat.
Submitted by Tyler Durden on 09/13/2015 - 21:30 The U.S. economic system is slipping into dystopia and the Government/Fed is doing everything it can to try and prevent the process. The two most obvious signs of this are the perpetual market interventions by the PPT to prevent a stock market dump and the relentless propaganda flowing through the mainstream media which originates from the policy-implementing elitists (business and political). Both efforts are insidious attempts to force control over our system... and as it heads toward "Lord of the Flies." we will see and experience the truly dark side of humanity.
Submitted by Tyler Durden on 09/13/2015 - 20:20 "They [the Chinese] have been buying and the Indians have been buying in enormous quantities. It’s virtually impossible to get physical gold in London to ship to those countries. We get permanent requests from Russia, would we please sell our physical gold.... Because there is no physical, only endless promises. And I really worry..."
After WW2, many countries were pressured into depositing their reserves in America’s underground vaults. Since the beginning of 2014 foreign central banks have reportedly withdrawn 246 tons of gold from the New York Fed including Germany, the Netherlands and Austria. Now the NY Fed is holding the lowest amount of gold in decades.
Submitted by Tyler Durden on 09/13/2015 - 22:05 "The Chinese right now are getting very concerned because they understand this will create embarrassing optics around the visit for them."
I guess we don't have enough Terrorists in the White House and on Capitol Hill...
Submitted by Tyler Durden on 09/13/2015 - 17:14 Just as Europe is shutting its doors to Syrian refugees, the US is opening its own. The following map and list reveals the 180 refugee processing centers that will host some 10,000 Syrian refugees in the coming year.
Submitted by Tyler Durden on 09/13/2015 - 19:45 If there’s anything Americans fear more than overt oppression enacted by force it’s covert oppression enacted by a nefarious combination of crony capitalism and corrupt (not to mention largely incompetent) politicians, which we suppose explains why nearly a third of Americans say they would support a military coup in the US.
Submitted by Tyler Durden on 09/13/2015 - 19:10 The Highwayman has a romantic image as a bold, 18th-century scallywag who would ride up to a coachload of aristocrats on his horse, shouting, “Stand and deliver!” Having relieved the aristocrats of their purses, he would gallop off. Today, the Highwayman is being revived in a big way in the US. But, far from being a scofflaw, he is, in fact, the law. He wears a badge and the law protects him in his roadside robberies.
Submitted by Tyler Durden on 09/13/2015 - 18:35 To be sure, whether or not Janet Yellen has made a mistake will become all too clear over time. All one need do is observe whether EMs careen further into chaos and/or whether the PBoC becomes even more schizophrenic, but as far as what to watch in the immediate aftermath of the FOMC announcement, we return to what we noted after September’s NFP print when we quoted BofAML. To wit: “If they do hike, watch the long-end.”
Submitted by Tyler Durden on 09/13/2015 - 18:00
Submitted by Tyler Durden on 09/13/2015 - 16:30 Apple isn’t about Jobs anymore. He’s gone, and he’s not coming back. And the more Apple tries to fill that void, the deeper and wider the chasm becomes to fill by their own hand. Apple is no longer about a person – it’s about the product. And the product is the only thing capable of bridging that gap or hole left with the passing of Jobs. And the sooner Apple realizes it, and takes that to heart. The faster and better both Apple, their products, as well as the management and employees will be. Where they can all get back to doing what Jobs would be the most concerned with as well as probably proud of. i.e., Running a great company steered by smart people creating insanely great and revolutionary products second to none.
Germans, Czechs Return To "Border Controls" With Austria, Riot Police Dispatched To Contain Refugee CrisisSubmitted by Tyler Durden on 09/13/2015 - 16:17 None other than Europe's master state, Germany itself, is about to launch an ICBM at Schengen when, as BBC reports, "Germany is to reintroduce some form of controls on its border with Austria to cope with the influx of migrants, German and Austrian media report." While the BBC said that it is not clear what measures would be introduced, it is likely that a full return to the pre-Schengen era, with extensive customs checks of every border crosser is imminent. Not only that but Express reported that the "German Defence Minister has admitted that the country verges on "an emergency" after cracks have begun to emerge in the 'German generosity' and that some 4000 German troops have been put on standby.
Submitted by Tyler Durden on 09/13/2015 - 15:45 Presented with no comment...
Submitted by Tyler Durden on 09/13/2015 - 15:00 California just dealt Monsanto a blow as the state’s Environmental Protection Agency will now list glyphosate - the toxic main ingredient in the U.S.’ best-selling weedkiller, Roundup - as known to cause cancer.... California’s decision to place glyphosate on the toxic chemicals list is the first of its kind.
A 22-year-old Detroit man is dead after he failed to stop attempting to break in an Ohio home with metal bars on the windows. He was subsequently shot and killed by the female homeowner.
A 46-year-old Ohio woman, who did not wish to be identified, had recently put metal bars on her windows on the first floor of her home in order to keep intruders out. The bars were an option she had installed due to a previous break-in, in which someone pried open her rear kitchen window open and disabled her alarm by knocking it off the wall. The thief was able to make off with a safe, ten pairs of shoes and two flat screen televisions.
In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,107.78, down $15.67 per ounce (1.39%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 1.49%. The U.S. Trade-Weighted Dollar Index lost 1.09% for the week. Junior tiered stocks outperformed seniors for the week as the S&P/TSX Venture Index was off just 0.98 percent outpacing the GDM Index.
Gold Market Strengths
Foreign exchange figures released Monday suggest China added around 16 million tons of gold in August, according to UBS. Gold watchers will be paying attention to see if China continues its recent trend of publishing its gold accumulation on a monthly basis.
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1103.50 down $6.00 (comex closing time)
Silver $14.49 down 15 cents.
In the access market 5:15 pm
Before beginning, I would like to point out that all the South African mines tonight are in severe trouble. The country mines a considerable 145 tonnes per year. However many mines are mining at 5,000 ft. The miners want an increase in their wages. I would also like to point out that the temperature inside these mines at 5,000 ft can rise to 130 degrees F. Generally speaking, all of South African mines are operating in the red.
If you are ever find yourself in an urban or suburban setting and need water badly, there is a source of water you probably never thought of as accessible: groundwater. In my day job as an environmental technician, I frequently have to supervise contractors who are drilling observation wells in all sorts of urban and suburban settings. Sometime after drilling, I take samples from the wells and submit them to labs to test if they are contaminated. Basically, almost every transaction of a commercial or industrial property, and many residential properties also, will have several surface groundwater wells; so, you can imagine the number. I’ve taken samples from every sort of property, including gas stations, dry cleaners, factories, malls, strip malls, warehouses, apartment blocks, and more. The wells are frequently left in the ground for years at a time and often forgotten about, instead of decommissioned. There will be countless wells all over the urban and suburban landscape when the SHTF.
The Tonight Show:
SHTF Comment: The next few weeks may – or may not – be a perilous and disastrous period. No one knows what, if anything, will occur in financial markets or world politics with the end of the Shemitah, but its dark history for global events gives plenty of reason for pause, and credence to economic experts and conspiracy theorists alike pointing to September’s penchant for disaster.
More to the point – will the strained economic system, already on the edge of collapse, see a new flashpoint for crisis? Will the stock market crash, or another “big event” take place? Keep your eyes on this dangerous point in history.
In the day-to-day happenings of world politics, the United States and Russia are presented on the global stage as arch-enemies. Up in space, however, it’s a completely different story. Enter the International Space Station (ISS), which for years has housed astronauts from both countries along with life-support systems unique to each country’s needs. The two sides have long remained separate from one another until recently.
For years, the U.S. side of the ISS utilized iodine as its water cleansing agent of choice, while the Russian side took advantage of antibacterial silver for water purification purposes. Both sides coexisted peacefully in their respective methods, with the U.S. picking up whatever extra water the Russian side had leftover. Russia’s water purification process has always been much more efficient than that of the U.S.
Tightness in the gold and silver coin and bullion markets
“My baseline is they [the Chinese] have been buying and the Indians have been buying in enormous quantities. It’s virtually impossible to get physical gold in London to ship to those countries. We get permanent requests from Russia, would we please sell our physical gold to India and China. Because there is no physical, only endless promises. And I really worry that the market, that paper market, could be stamped on and people will say ‘sorry we’ll have a financial close out,’ and it’s all over.”
“The cost of borrowing physical gold in London has risen sharply in recent weeks.
After unearthing a 30,000-year-old virus from the icy wasteland of Siberia, scientists plan to awaken it under the premise of ‘fear that a warming climate will awaken dangerous microscopic pathogens.’ One might ask; however, what is the real reason that scientists want to unleash a super virus that has long slumbered?
Though scientists ‘plan to make sure the virus won’t cause damage to plants or animals’ of the modern age, French researchers announced the discovery of Mollivirus sibericum, the fourth type of pre-historic virus found since 2003. In order to qualify as a ‘giant’ virus, as this is not just an inflated metaphor to describe the pathogen, it must be longer than half a micron, or .00002 of an inch. Found in northeast Russia, Mollivirus measured at .6 microns.
The original plan for this writing was to point out how volume has dried up from the retail side and the machines have taken over. Wall Street has ruined its own “golden egg” by fleecing the public too many times. The little guy has left and for the most part does not have the extra income to invest any more. When I mentioned this writing to Jim, he came back with:
“When machines take over markets there are no value metrics for anything. As such anything can trade at any price. It is all math, devoid logic or the means of valuation.
Those the gods wish to destroy they make mad first. The business of markets is dead. It is going to remain dead, killed by the demons who claimed publicly to have been doing the work of god. Now these same perverted players are running for cover themselves to save the trillions they have made. Clearly any rally in equities will be used to liquidate. The executioners of markets are finding out that paper currency will not protect their wealth. That should lead to gold and silver selling above any metric for valuation that has been traditional throwing all ratios or other measures into the round file. These New Normal destroyers have broken the playing board of market, the heart of free enterprise.”
Markets are now completely broken. Six plus years of zero percent interest rates have taken away any possibility of putting a real or true valuation on anything. The “tool” of derivatives has been used by our central planners to bend and twist markets in ways to “prove” their policies work.
I think it can be summed up by saying “everything is worth nothing”. The coming “holiday” will soon separate what is real and what is not. It will separate what actually has value from what truly does not. As I wrote late last week, there is simply not enough “money” in the system to settle the outstanding trades/derivatives/”insurance claims”. We are about to find out the old proverb “you cannot get something for nothing” is very true and our standard of living has been a fairy tale that promised just this.
When all is said and done, Wall St. will be reviled for at least one full generation. For someone to “admit” they are a stockbroker will be akin to saying they are a loan shark or used car salesman in my opinion. The securities industry will have no salvation nor capital left for that matter when the lawsuits come. Either we have a rule of law or we do not, we will soon find this out the hard way I am afraid. Whether you understand this or not, “settlement” is what is lacking. The entire game has been played without “settlement” and the public has been fooled.
There will be hell to pay when the little guy figures this out. He has worked a lifetime for something that not only has no value but was intended this way to “never pay”. The current system was no “mistake” or error, never paying or settling in the end has been the plan since Aug. 15, 1971. The only way to attain settlement prior to the holiday is to do it yourself. In Las Vegas you cash out by turning in your chips, in the game of real life you must turn your savings into something real or you will lose it. Do not fool yourself, just because the rules are stacked against you …does not mean you need to play their game!
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