9600 gold contracts sold in nine minutes pre-market, then another 4,200 in two minutes. Silver is under constant attack right now…
Well that escalated quickly:
Silver is hit with a steady barrage, but putting it all in perspective:
Fundamental news being reported right now is downright terrible.
Syria is a mess:
from Zero Hedge
Bombshell Report Catches Pentagon Falsifying Paperwork For Weapons Transfers To Syrian Rebels
A new bombshell joint report issued by two international weapons monitoring groups Tuesday confirms that the Pentagon continues to ship record breaking amounts of weaponry into Syria and that the Department of Defense is scrubbing its own paper trail. On Tuesday the Organized Crime and Corruption Reporting Project (OCCRP) and the Balkan Investigative Reporting Network (BIRN) produced conclusive evidence that not only is the Pentagon currently involved in shipping up to $2.2 billion worth of weapons from a shady network of private dealers to allied partners in Syria – mostly old Soviet weaponry – but is actually manipulating paperwork such as end-user certificates, presumably in order to hide US involvement.
The OCCRP and BIRN published internal US defense procurement files after an extensive investigation which found that the Pentagon is running a massive weapons trafficking pipeline which originates in the Balkans and Caucuses, and ends in Syria and Iraq. The program is ostensibly part of the US train, equip, and assist campaign for the Syrian Democratic Forces (SDF, a coalition of YPG/J and Arab FSA groups operating primarily in Syria’s east). The arms transfers are massive and the program looks to continue for years. According to Foreign Policy’s (FP) coverage of the report:The Department of Defense has budgeted $584 million specifically for this Syrian operation for the financial years 2017 and 2018, and has earmarked another $900 million of spending on Soviet-style munitions between now and 2022. The total, $2.2 billion, likely understates the flow of weapons to Syrian rebels in the coming years.
But perhaps more shocking is the following admission that Pentagon suppliers have links with known criminal networks, also from FP:According to the report, many of the weapons suppliers — primarily in Eastern Europe but also in the former Soviet republics, including Kazakhstan, Georgia, and Ukraine — have both links to organized crime throughout Eastern Europe and spotty business records.
The sheer amount of material necessary for the Pentagon program — one ammunition factory announced it planned to hire 1,000 new employees in 2016 to help cope with the demand — has reportedly stretched suppliers to the limit, forcing the Defense Department to relax standards on the materials it’s willing to accept.It is likely that the organized crime association is the reason why the Pentagon has sought to alter its records. In addition, the sheer volume of weaponry continuing to ship to the Syrian battlefield and other parts of the Middle East means inevitable proliferation among unsavory terror groups – a phenomenon which has already been exhaustively documented in connection with the now reportedly closed CIA program to topple the Syrian government. The associations and alliances among some of the Arab former FSA groups the DoD continues to support in the north and east remains fluid, which means means US-supplied weapons will continue to pass among groups with no accountability for where they end up.
One of the authors of the OCCRP/BIRN report, Ivan Angelovski, told Foreign Policy that, “The Pentagon is removing any evidence in their procurement records that weapons are actually going to the Syrian opposition.” The report is based on internal US government memos which reveal that weapons shipment destination locations have been scrubbed from original documents.
And North Korea is front-and-center:
from Zero Hedge:
North Korea has responded to the toughest, if watered down, United Nations Security Council sanctions ever imposed against the isolated country with its most strident rhetoric yet.
In its first official response to the new resolution, North Korea’s foreign ministry released a statement deriding the sanctions as an act of “heinous provocation,” saying the new economic restrictions only strengthened its desire to build nuclear weapons. We will “follow this road at a faster pace without the slightest diversion until this fight to the finish is over,” Bloomberg reported.
“The adoption of another illegal and evil ‘resolution on sanctions’ piloted by the U.S. served as an occasion for the DPRK to verify that the road it chose to go down was absolutely right,” the ministry said, according to KCNA. “The DPRK will redouble the efforts to increase its strength to safeguard the country’s sovereignty and right to existence.”The resolution is “a product of heinous provocation aimed at depriving the DPRK of its legitimate right to self-defense and completely suffocating its state and people through a full-scale economic blockade,” the statement went on.
The country once again asserted its right to self-defense, adding that the country’s nuclear push was ‘absolutely right,’” according to the Financial Times.
Not to mention, US is threatening to throw China out of SWIFT, Twitter is thowing it’s weight at the White House, half o the country is dealing with a massive disaster and Austria is selling 100-year bonds.
Seems reasonable to sell gold and silver then…