The number one risk to Earth (Video)

The number one risk to Earth – Video:

Ben Davidson begins by describing the Carrington Event of 1859, a huge coronal mass ejection.

If such a gigantic solar flare should CME today could easily shut down power grids

He moves on to explain how the sun can trigger the #1 risk to earth, based on severity and likelihood, and the current state of earth’s magnetic reversal, including how our protection from solar energy is weakening with it.

Read moreThe number one risk to Earth (Video)

Earth Facing CME “Possible Killshot” Double Coronal Mass Ejection

H/t reader squodgy:

“A double hit of EMP’s could be ‘the killshot’.
There are two solar eruptions headed our way sunday into monday, and whilst one can weaken our ‘shields’ the second can penetrate and do the ‘biz’.

But, as with Y2K etc, it may equally be a non-event, but perhaps it’s best to rehearse.”

FYI.

Yes , most probably a non-event.


Earth Facing CME “Possible Killshot” Double Coronal Mass Ejection

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CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former Gold Fixer

–  CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former Gold Fixer (ZeroHedge, July 11, 2014):

The person in charge of navigating the “transition” from the old fixing mechanism, of which he was part as recently as April, was a person who was, drumroll, supervising said transition. Surely, his “consulting” was fair and impartial. Naturally, Mr. Spall is no longer at gold-rigging Barclays, a bank which is for all intents and purposes, falling apart but at GCubed Consultants: enjoy perusing the company at the following link.Said another way, one of the Barclays guys who was accountable in the Gold Market Fixing Company for the price manipulation of his trader (the infamous Daniel Plunkett) is then rewarded by the LBMA to conduct an independent review of the applicants to run the Silver fix!

 

Bank Of America Caught Frontrunning Clients

Bank Of America Caught Frontrunning Clients (ZeroHedge, Jan 25, 2014):

Every time a TBTF bank releases its 10-Q, we head straight for the section, usually well over 100 pages in, that discloses the bank’s total profitable trading days.

This is what the most recent Bank of America 10-Q said on this topic:

The histogram below is a graphic depiction of trading volatility and illustrates the daily level of trading-related revenue for the three months ended September 30, 2013 compared to the three months ended June 30, 2013 and March 31, 2013. During the three months ended September 30, 2013, positive trading-related revenue was recorded for 97 percent, or 62 trading days, of which 69 percent (44 days) were daily trading gains of over $25 million and the largest loss was $21 million. These results can be compared to the three months ended June 30, 2013, where positive trading-related revenue was recorded for 89 percent, or 57 trading days, of which 67 percent (43 days) were daily trading gains of over $25 million and the largest loss was $54 million. During the three months ended March 31, 2013, positive trading-related revenue was recorded for 100 percent, or 60 trading days, of which 97 percent (58 days) were daily trading gains over $25 million.

Read moreBank Of America Caught Frontrunning Clients

Yet Another Massive Nail In The Dollar’s Coffin

crash-dollar

Yet Another Massive Nail In The Dollar’s Coffin (ZeroHedge, Dec 14, 2013):

Two years ago, the CME announced USD/CNH futures trading enabling speculation (and hedging or risk transfer) of offshore Chinese Renminbi. On the other side of the world this week, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system. It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim – to combine their forces in rolling out more financial products denominated in Chinese renminbi. This is huge…

Submitted by Simon Black via Sovereign Man blog,

Hong Kong and Singapore are THE two dominant financial centers in Asia. For years they’ve been locked in competition with one another, much like New York and London. So their public partnership is a very big deal… indicative of the clear objective they have in front of them.

Bottom line – finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and it’s clear that the Chinese renminbi is going to take tremendous market share away from the dollar. They want a big piece of the action.

The renminbi has already surpassed the euro to become the #2 most-used currency in the world when it comes to trade settlement, according to a report released yesterday by the Society of Worldwide Interbank Financial Telecommunication (SWIFT).

Read moreYet Another Massive Nail In The Dollar’s Coffin

How The Gold Price Is Manipulated During The ‘London Fix’

How Gold Price Is Manipulated During The “London Fix” (ZeroHedge, Nov 25, 2013):

There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, and bond market manipulation was also considered unthinkable, when High Frequency Traders were believed to “provide liquidity”, or when the stock market was said to not be manipulated by the Fed, and when the ever-confused media, always eager to take “complicated” financial concepts at the face value set by a self-serving establishment, never dared to question anything. Luckily, all that changed in the past several years, and it has gotten to the point where even the bastions of “serious”, if 3-5 years delayed, investigation are finally not only asking how is the gold market being manipulated, but are actually providing answers.Such as Bloomberg.

The topic of gold market manipulation during the London AM fix is not new to Zero Hedge: in fact we have discussed both the historical basis and the raison d’etre of the London gold fix, as well as the curious arbitrage available to those who merely traded the AM-PM spread, for years. Which is why we are delighted that none other than Bloomberg has decided to break it down for everyone, as well as summarize all the ways in which just this one facet of gold trading is being manipulated.

Bloomberg begins:

Read moreHow The Gold Price Is Manipulated During The ‘London Fix’

AND NOW: CME Hikes Gold Margins By 25%

CME Hikes Gold Margins By 25% (ZeroHedge, June 20, 2013):

How very unexpected. And how, judging by today’s massive selloff, it is almost as if someone knew in advance this would happen.

Can JPMorgan just restock its vault with whatever gold it needs to meet its massive delivery demands (at three year low prices) so some normalcy can return to the market?

Source: CME

CME President on Gold: ‘They Don’t Want Certificates, They Want the Real Product’

CME President on Gold: “They Don’t Want Certificates, They Want the Real Product” (Liberty Blitzkrieg, April 30, 2013):

What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real  gold.  That’s going to show you, people don’t want certificates, they don’t want anything else.  They want the real product.

– Terrence Duffy, President and Executive Chairman of CME Group Inc,. on Bloomberg TV yesterday (April 29, 2013)

I’m actually still in a state of shock that the head of the CME Group would make such an observation and in such blunt terms.  I mean the guy admits that volume on his exchanges suck, yet basically claims paper gold (one of their marquee products) is becoming irrelevant. In my mind there are two likely explanations for this.  1) This is how he has started to feel personally and he is loading up on physical gold rather than his company’s paper products and would like some cover if that is ever unearthed. 2) This is what people close to the gold market are telling him and he’d rather make it clear he understands that paper is paper and gold is gold and that there is a big difference.  So “caveat emptor” if you are hanging around the COMEX.

His comments on gold come in at the 0:40 mark.  Simply stunning.