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Antarctica is a Big Feature in Clif High's new report: This Video may be easier to follow if you like clif's predictions: . Clif High-2017 Predictions on Everything Clif's stock market chart fits well with my red line below - but with a bump up early in the year MORE: + Israeli freakout in mid-Feb. + No "hard-stop" evidence of Trump being assassinated, and will be inaugurated + Turnpoint in Trump euphoria: Mid-Feb into March, may feel like a crash + Around March - April, there may be problems with the Dollar + Real Estate: Prices will drop, with a credit freeze from Regional banks + He talks about 90% drops in real estate over 10 years, w/ the high end crashing first + But the stock crash could start early in the year + Silver, Gold, and Bitcoins could be shoot up straight away + So many flash crashes - they will be called "flashies" + Jan 8-12 will be a period of stress in currencies and bonds, jump in BTC in Rmb? + Use of BTC may become widespread in China in a short period of time, from summer? + Dollar death was predicted years ago, and: 20,000 Dow, and $600 Silver + Globally, there will be a huge divergence in the silver price + Boom for silver starts on first of second trading day of the new year : $125 Silver? + Gold and the Dow may go to the same price: 2017 or later + "Aliens are real" - is old news; we will see Truth bombs, Disclosure and a transition + SciFi World is the name of the report as we will rethink our history + The discovery in Antarctica will be a big part of this; giant pyramids go back 20,000 years? + Woowoo will dominate, with new technologies coming out of Antarctica + Rivers running thru the continent, with ice melting and cities, maybe people living there + Digging things up there; it may take 10 years to get the wealth out for humanity's future + "Precious technology" rather than precious metals + A war may come with clashing elites, rather than troops

NYC Real Estate : Sales slowed, but prices rose New York tours and attractions: Empire State building with One World Trade Center in the distant background. / 1 / NYC Luxury Real Estate Market Drops in 2016: Report The numbers are down sharply from 2013-2015 but still much higher than they were in 2012 New York City's luxury real estate market cooled considerably this year, with the number of high-end sales down 18 percent, realtors Olshan Realty Inc said Tuesday. Olshan blamed co-ops for the decline, as demand has shifted to condos instead. But even still, the "golden years" of new condo construction have passed, the firm added. A total of 1,102 properties had contracts signed for $4 million or more this year, down sharply from 2013-2015 but still higher than 2012, before the condo boom started. New York City's luxury real estate market, defined as housing with prices of more than $4 million, saw an 18 percent decline in contracts signed in 2016, as the condo market cooled. Average days on the market rose 30 percent, meaning it took an extra two months to sell a luxury apartment this year versus 2015. The average asking price also rose, but the average decline from asking to contract actually increased a bit. Source: NYC Luxury Real Estate Market Drops in 2016: Report | NBC New York http://www.nbcnewyork.com/news/local/NYC-Luxury-Real-Estate-Market-Drops-in-2016-Report-408408555.html#ixzz4UXB6krhA / 2 / The fever in New York's luxury property market is cooling Financial Times-26 Aug 2016 Whatever happens to prices of luxury New York real estate, there's ... There were about 5,250 apartments available to buy in Manhattan this ... / 3 / Manhattan Luxury-Condo Builders Fight Glut With Sweetened Deals Bloomberg-1 Sep 2016 Prospective buyers at one Upper East Side condo project are ... In New York, where more than 3,500 new apartments are hitting the market this ... / 4 / A Manhattan Apartment Now Costs an Average $2 Million Fortune-14 Dec 2016 Manhattan real estate prices set a record high in 2016, according to CityRealty's year-end market report for the New York City borough. / 5 / Two Big Condo Sales on 'Billionaires' Row' Lift the Market New York Times-30 Dec 2016 A flurry of pricey condominium sales, many of them at Manhattan's newest .... was New York City's second most expensive closed sale in 2016. The most expensive of these closed December transactions, according to New York City property records, was an aerie that encompasses the 88th floor of the 96-story 432 Park Avenue in “Billionaires’ Row,” between 56th and 57th Streets. The building is the tallest residential tower in the Western Hemisphere, topping out at 1,396 feet, or more than a quarter-mile.

" Mini bubbles are now ready to burst. NYC real estate is now declining rapidly, this is the beginning of the real estate market breaking apart" To 2016 - possible High To 2011 Low '16 121,000: 4.31% : 569,000 : 6.95% : 185.31 : 5.66% : 259.40: 179.51 : 179.51 : 208.94 : 182.11 : F. : 122,000: 4.27% : 572,000 : 7.12% : 186.66 : 5.40% : 261.18: 179.12 : 179.12 : 208.22 : 181.88 : M : 123,500: 5.74% : 576,000 : 7.46% : 188.56 : 5.39% : 262.90: 179.61 : 179.61 : 209.59 : 184.07 : A : 124,500: 7.33% : 580,000 : 7.81% : 188.04 : 4.80% : 258.96: 180.45 : 180.52 : 212.88 : 186.73 : M : 125,400: 8.10% : 585,000 : 7.73% : 187.91 : 5.25% : 260.36: 181.43 : 181.25 : 214.99 : 189.33 : J. : 126,300: 7.95% : 590,000 : 7.66% : 187.75 : 5.19% : 262.23: 181.72 : 182.73 : 216.36 : 190.35 : Jl : 129.000: 8.40% : 596,000 : 7.78% : 187.78 : 5.21% : 264.17: 181.00 : 183.68 : 216.98 : 191.49 : A : 130,000: 7.44% : 602,000 : 7.89% : 188.23 : 5.29% : 266.94: 181.06 : 184.75 : 217.77 : 192.09 : S : 131,000: 7.38% : 608,000 : 7.80% : 189.03 : 5.24% : 266.40: 181.51 : 184.75 : 217.59 : 192.30 : O : 132,000: 7.32% : 615,000 : 8.08% : 190.45 : 0.00% : 268.02: 182.05 : 184.08 : 217.87 : 192.40 : N : 132,000: 8.20% : 621,000 : 8.19% : D : 132,300: 8.20% : 621,000 : mo Ph-Zhv : YoYr : Nyc_Zhc : YoYr : 20cityI : YoYr : condo: C-NYC : C-NyNs: C-Wash C-Bost. === Zillow: Philly : ------> : NYC-Z : -------> : 20-city: 20c-Nsa: condo: NY-rsa: /(NSA): NYC : Wash : Bost : The Central Banks Have Positioned The Economy To Collapse Which Will Usher In The Reset – Episode 1165 Podcast: Play in new window | Download (Duration: 25:32 — 29.5MB) Trump announces that Sprint will bring back 5,000 jobs. Gold surges on a huge purchase of paper contracts. Mini bubbles are now ready to burst. NYC real estate is now declining rapidly, this is the beginning of the real estate market breaking apart. Italian banks are now seeing a bank run on their banks and they need more capital to keep the banks afloat. The entire economy is now setup for the economic reset. The central bankers are prepared and ready to throw the switch to bring the entire economy down. Republicans are ready to repeal Obamacare. Angela Merkel is desperate, she will now fine social media $522,000 for each story that is not aligned with the government.US spreading more propaganda that North Korea is now developing another missile site. Russia, Turkey, Iran and Syria brokered a ceasefire deal and will be triggered Dec 30. US Government have made their move with lies and fake news, they are pushing and provoking Russia to get a war started, next move a cyber attack. US says that they did not create, fund or support the IS, that Turkey is using fake news. US is sending additional troops to Syria. Check Out The X22 Report Spotlight YouTube Channel – X22Report Spotlight Please check Newzsentinel.com for the latest news on the economic collapse. Fact Check: There's not much evidence (yet) of a price drop. But sales are slowing on big supply, and rising interest rates

Production- : x 3 oz : CashC : AISC July : 13,583 : 40,750 : Q3- : 39,111 : 39,111 : $728. : $884. Oct. : 13,088 : Nov. : 12,973 : Dec. : 14,797 : ============ Q4- : 40,858 : 40,858 : $730e : $900e '16: 149,687 : +28% ==== : 2015-q4 : 2016-q1 : 2016-q2 : 2016-q3 : Q4-16 est : Q1-17 est : Revs : $XX.xxM : $34.47M : $48.01M : $51.22M- : $49.00M : $47.00M : Prod. : 30,000e : 31,489 - : 38,229 - : -39,111 - : -40,850-: -40,000-: Sold- : 30,000e : 29,686 - : 38,902 - : -39,017 - : -40,850-: -40,000-: perOz: $1,000 - : $1,162 - : $1,250- : -$1,313 - : Aver. : $1,096 - : $1,144 - : $1,216- : -$1,296 - : $1,200E : $1,200E : Cost- : $XX.XXm : $20.33M : $26.45M : $28.47M : - $29.8 M : - $29.2 M : perOz:: $1,000 - : $ 0,685- : $ 0,680- : $ 0,728- : $ 0,730E : $ 0,730E : AftCost: $XX.xxM : $14.17M: $21.55M : $22.75M- : $19.20 M- Adjust-: $XX xM : $02.58M: $03.25M : $03.04M- : $03.00M- Ebitda : $XX.XM : $11.59M: $18.30M : $19.71M- : $16.20M : otherC: $XX.XXM : $13.92M: $14.44M : $11.60M : $10.00Me : Finance $XX.XXM: $09.13M: $08.03M : $07.82M : $06.00Me : $05.00Me : otherC: $XX.XXM : $04.79M: 06.41M- : $03.78M : $04.00Me AdjNet : $XX.XM : $0.25M : $3.86Me: $8.10M : $06.20M : Shs-OS: XX.XX M : 125.5m : 157.8mn : 252.9mn : 255 mn Per Sh.: ---------- : $ 0.002 : $ 0.03act : $0.03act : $ 0.024E

2016 Marks End To Gold’s Bear Market; More Work To Be Done - Analysts By Neils Christensen of Kitco News Friday December 30, 2016 Estimated AVERAGE GOLD Price for 2017 : $1,300 (Kitco News) - Not only is gold ending its longest weekly losing streak in more than a decade, but it is seeing its first positive yearly gains since 2012. February Comex gold futures last traded at $1,157.10 an ounce, up 2.2% since last week. This week, gold has benefited from a correction in the U.S. dollar, which has backed down from its recent 13-year highs. Silver is also seeing a positive week and a solid end to 2016. March Comex silver futures last traded at $16.085 an ounce, 2% on the week and up more than 17% on the year. Some analysts warn that the latest gains in the precious metals markets could be skewed as a result of thin holiday markets as the precious metal sees its best performance since before the U.S. election; however, some are still calling the latest price action a victory as gold ends the year with gains of more than 9% -- albeit a shallow victory has gold did see gains of more than 30% in the first half of the year. To say the least, 2016 has been a rollercoaster year for gold prices. However, some analysts are not ready to give up on gold just yet as January and the first quarter is traditionally the strongest period for the yellow metal. “Gold has benefited from U.S. dollar weakness this week and we are looking for this trend to continue in 2017 as the price action seems to be priming for a strong start to the New Year. Gold has been positive every Q1 since 2005 except for one, and we expect to see another Q1 characterized by anemic economic growth,” said analysts at iiTrader. Looking ahead to 2017, among consensus forecasts, the median average price is around $1,300 an ounce. Some analysts see gold’s potential as a safe-haven asset in an environment of global geopolitical uncertainty, unknown impacts of President-elect Donald Trump’s proposed fiscal and economic policies, as well as continued low global interest rates. While several factors continue to favor the yellow metal in the long term, there is a lot more work that needs to be done in the short term. Jim Wyckoff, senior technical analyst at Kitco.com, described the market as “neutral.” “From a longer-term technical perspective, the year 2016 did see price action negate a downtrend on the monthly gold chart. From a larger-degree technical perspective, gold bulls and bears are on a level playing field. For the bulls to gain keen longer-term technical strength, they must push prices above the 2016 high of $1,375. For the bears to gain fresh longer-term technical power, they must push prices below the 2015 low of $1,050,” he said. Levels To Watch Because of the thin volume during the past holiday-shortened trading week, investors will be anxious to see if there is any follow-through buying in the first week of the New Year. Joshua Mahony, market analyst at IG, said that he would like to see gold push above $1,165 an ounce before he become more bullish on the metal. However, Russell Browne, commodity strategist at Scotiabank, said in a recent report that while momentum indicators are turning more bullish, he remains negative on the yellow metal as long as prices are below $1,173 an ounce. On the downside, analysts continue to keep an eye on support at $1,125 an ounce, which represents the last major retracement level from gold lows in 2015 to its July highs. The Final Say Next week will see another shortened trading period as markets are closed Monday in recognition of the New Year’s holiday. However, investors and traders will begin to trickle back into the market as the week progresses. The highlight of a series of U.S. economic reports will be Friday’s nonfarm payrolls report for December. Before the jobs report is released, markets will receive important manufacturing numbers, service-sector data, minutes from the Federal Reserve’s December monetary policy meeting and private-sector employment data. == > http://www.kitco.com/news/2016-12-30/2016-Marks-End-To-Gold-s-Bear-Market-More-Work-To-Be-Done-Analysts.html

WHY ANTARCTICA IS KEPT TOP SECRET ? Published on Sep 4, 2016 This documentary short is a complex presentation of recent U.S. and Russian visits to Antarctica, the Nazis, and Hollow Earth, including its importance in Nazi Germany before and during WW2, and Antarctica's possible escape route off of the Earth for many Nazi's who mysteriously disappeared after the war without a trace. Few know the truth about Antarctica, as it is an expanse of land that has gone unnoticed for centuries. But not by the Nazis...They knew the truth... The Nazis believed there might have been a civilization inside the Earth. This was the belief of Helena Blavatsky, who profoundly influenced the Nazi's philosophy and esotericism. There is an abundance of evidence to suggest that a theory now considered dumb to most people, the hollow Earth, had an unusual cult following in Nazi Germany. German pop figures and writers also supported this idea, including one writer named Karl Neupert. The Earth was not a solid rock, but was shaped more like a human eyeball, having two portals of entry at the North and South poles and was hollow in the center. An empire was alleged to exist inside the Earth called Agartha. This is where the master race dwells. Why was this? The Nazis did not create the hollow Earth concept. The idea preceded them. Even illuminati members Edgar Allen Poe and Jules Verne alluded in their poetry and prose to such a place, deep underneath the crust. Call it conspiracy, but the Nazi's led three expeditions to Antarctica, and Admiral Richard Byrd, who led Operation Highjump, suggests that "bases" were established in Antarctica by the Nazis. They were doing something down there. Was the continent an escape for them? Now, Obama visited Antarctica in March, and he was preceded by Patriarch Kirill of Russia. Simultaneous to Obama's visit to the South Pole, his director of CIA, James Clapper, made a secret trip to Australia, another country with heavy interest in Antarctica. Kirill offered a strange blessing of Antarctica, calling the barren land an "ideal for human kind" because there were no weapons down there or any type of science experiments. Except, we know that is not true at all: there are multiple scientific expeditions that have gone to Antarctica: this was confirmed in an interview with Richard Byrd, who said that the region would become the center of scientific inquiry directly after WW2. What did he mean by this? Byrd: Expeditions were planned "year after year" - but they did not happen. He was run off

More Clues ... concerning what Atlaneans (in the Antarctic) may have looked like A Nephilim Christmas - LA Marzulli Published on Dec 24, 2016 What evidence suggests that aliens were on planet Earth long ago? The Watchers, the Nephilim, the Neteru, throughout history we find references to the "gods" that left the people wide-eyed in awe. Best selling author of The Nephilim Trilogy, L.A. Marzulli, is On the Trail of the Nephilim. Biblical prophecies, occult and esoteric sites, the rise of Lucifer and the mark of the beast. Was 9/11 a Satanic ritual to invoke inter-dimensional entities? Who is programming the dark hero, taking over the Temple Mount, bringing World War 3? Israel? The Vatican? Or something much darker?

Antarctica Leaks are becoming News Stories Massive 'anomaly' lurks beneath ice in Antarctica New York Post · 13 hours ago SHOCK CLAIM: John Kerry 'visited Antarctica to examine secret Nazi UFO base' Express.co.uk · 11 hours ago New footage shows the underwater world hidden beneath Antarctica BGR · 2 hours ago === === Anomaly: The huge and mysterious “anomaly” is thought to be lurking beneath the frozen wastes of an area called Wilkes Land. The area is 151 miles across and has a minimum depth of about 2,700 feet. Some researchers believe it is the remains of a truly massive asteroid more than twice the size of the Chicxulub space rock that wiped out the dinosaurs. If this explanation is true, it could mean this killer asteroid caused the Permian-Triassic extinction event, which killed 96 percent of Earth’s sea creatures and up to 70 percent of the vertebrate organisms living on land. Kerry: The madcap claim stems back to earlier conspiracy theories, one being that Adolf Hitler did not commit suicide in his Berlin bunker in May 1945, but escaped in a submarine to a secret base in Antarctica. The other is astonishingly that the Nazis shared secret Antarctic UFO bases with reptilian alien species in the run up to WWII, where they experimented with flying saucer technology. Now, after the Kerry visit, which conspiracy theorists suggest was to view these bases, it is being claimed that a Nazi UFO base is visible in images of the Antarctic taken by NASA. Conspiracists believe a number of the images – which have resurfaced online after being taken in 2006 – prove the German fascist party built massive bases for alien ships during World War II. YouTube channel SecureTeam10 has claimed the 2006 images from the US space agency show a weird anomaly in the ice. This area stretches around 150 miles, with scientists previously saying it is a crater from asteroid impact. Underwater: What mysteries lie beneath Antarctica’s ice shelves? The scientists at the Australian Antarctic Division recently dove beneath the surface of the ice in East Antarctica to give themselves — and the rest of the world — a closer look at the fascinating world hidden in the frigid depths below sea level. Last week, biologist Glenn Johnstone and his team released a video that gives us a rare glimpse of the vibrant plants and creatures that not only survive, but thrive in the region

Does a Hybrid race from Atlantis (Antarctica) Rule on our planet? It means we better not play the role of god. “The Commandment is stating that you will not identify yourself as God” The master race who created us in their image under an incredible hybrid genome project of intelligent beings had to place controls upon us. It may be that the Royal leaders also stem from a genetic pooling from an alien hybrid program. Perhaps for 10,000 years a transition from very alien to a more refined human form to fool the masses was under construction.. so to speak. Earthly workers had already been designed ‘in their image, god’. These curators of the servants then must have gone through a genetic modification process, hence the royal bloodlines come into existence. An early king and queen for example would exhibit the physical traits of an Anunnaki being. The royal guards whose job was to protect the Royals had to be the same alien bloodlines. These guards were trusted to be close associates and in near proximity to them. == > MORE: https://fourthdimensionalrecovery.wordpress.com/2012/05/13/royalty-has-alw-2/

AUD correlates with Gold : 20yr-Gold-inAUD : 30yr : AUD vs GLD. update // Gold: $1,139 / AUD: $0.719 = Ratio: Gold-inAud: A$1,585 / GLD: $108.56 ... But Gold in AUD is in a rising trend If the Support near A$1520 does not hold - next stop for Gold may be $1300 or so : update :

FUTURES and Options ======== Platinum, Apr.2017 Futures vs PPLT : 6-mos / / Alone: $909 : PPLT: $86.67 = Ratio: 10.488 / vs.PLM : PTM*-alone : $9.53 = Ratio: 95.4 (PTM had "slippage" over 6-mos; maybe 2-2.5%) ==== ==== ==== PTM / E-TRACS UBS Long Platinum ETF ... update : 10-d / PPLT-10d : PTM Calls Strike Jan. 2017 : Feb. 2017 : May 2017 (mid-Pct): TV+ootm (asPct) : Aug17 (mid-as Pct) : TV+ootm (as-Pct) $8.0 : 1.05-1.80 : 1.05-2.05 : 0.00-0.00, 0.00 (0.00%): 0.00 (0.00%) : 1.30-2.55, 1.93 (20.2%): 0.40 (4.20%) : $9.0 : 0.25-1.05 : 0.20-1.25 : 0.40-1.30, 0.85 (8.92%): 0.32 (3.36%) : 0.90-1.60, 1.25 (13.1%): 0.72 (7.56%) : 10.0 : 0.05-0.55 : 0.10-0.75 : 0.20-1.05, 0.63 (6.61%): 1.10 (11.5%) : 0.20-1.30, 0.75 (7.87%): 1.22 (12.8%) : ============= DATE : PTM : May$9Call: Mid-Pt : Pct. : 00tm (asPct) : Aug$9-Call : Mid-Pt : Pct.- : 00tm (asPct) : 12/27 : $9.53 : 0.40-1.30 : $0.85 : 8.92% : 0.32 (3.36%) 12/28 : $9.43 : 0.20-1.55 : $0.88 : 9.33% : 0.45 (4.77%) 12/29 : $9.44 : 0.20-1.55 : $0.88 : 9.33% : 0.44 (4.66%) 12/30 : $9.46 : 0.85-1.60 : $1.23 : 13.0% : 0.77 (8.14%) : $0.70-1.95 : $1.33 : 14.1% : 0.87 (9.20%)

Surplus in 2017? From the Johnson Matthey November 2016 press release 2017 OUTLOOK whilst primary supplies will be flat at best, there is potential for a rebound in autocatalyst recycling following two consecutive years of price‐related sluggishness. In most industrial sectors, the demand outlook remains firm, but purchases in the autocatalyst industry are likely to dip slightly as lower‐platinum‐loaded catalyst systems are introduced in increasing numbers in European vehicles. As demand in the Chinese jewellery sector seems set on a downward trend, market balance will likely depend on the extent of growth in autocatalyst recycling and the level of physical investment. Unless the latter remains at similar levels to those seen in 2016, we could see the platinum market return to a surplus for the first time since 2011. == > https://gold-forum.kitco.com/showthread.php?145060-Platinum-is-Cheap-!!!-Who-s-Buying/page3

PRICE down, and Supply is getting tighter Platinum: Demand Up, Supply Down Wednesday, 7/13/2016 12:55 Industry's 2016 platinum demand set to keep rising as mine supply falls... PLATINUM demand has increased and is set to keep on rising compared to last year according to industry analysts, whereas supply is falling. Total demand for the metal, which finds its single largest use by industry in catalysts to help clean emissions from diesel engines, is set to grow by 2% compared to 2015, while total supply shrinks 3% according to the Platinum and Palladium Focus 2016 from leading precious metals consultancy Metals Focus. Last year's total supply of platinum was just over 8 million Troy ounces, with total demand reaching 8.2moz, says the report. That marked a 17% and 9% increase respectively from 2014. Global platinum demand is being driven by strong investment demand, assisted by booming demand in Japan, says a report from consulting analysts and engineers SFA Oxford. Demand for platinum in the automotive industry is also rising, says Metals Focus, forecasting a 2016 increase of 5% to 3.4moz. Platinum is essential for catalytic converters used with diesel engines. Tighter regulations on emissions are spreading to off-road vehicles and power generators – trends which will support the increase in demand for platinum according to the analysts. Automotive industry demand growth in 2015 was led by a 9% rise in vehicle sales in Western Europe, where the imposition of the new Euro 6 legislation also increased platinum loading per car, and 9% growth in India. Platinum supply, in contrast, is set to fall 3% compared to last year according to Platinum and Palladium Focus, with mine production falling 5% but auto-catalyst recycling increasing by 6%. Producers in South Africa, the world's top platinum mining nation, are set to face "tough wage talks" reports the Reuters news-wire after their poor balance sheets and low market prices compounded the effects of a five-month strike from 2014. http://www.dailymail.co.uk/wires/reuters/article-3680903/Hobbled-2014-st... The Association of Mineworkers and Construction Union plans to demand pay rises of around 50% for the lowest paid workers, says the latest weekly note from strategist Jonathan Butler == > More: https://www.bullionvault.com/gold-news/platinum-demand-071320161

BEAR CASE - from 2015 (when the price was : $1,166, now $900 /oz) Platinum -to Gold : Hit a Low below 75%, Is now about 79% Platinum, the Bear Story 18 May 2015 by Jim Fickett. There is always a simplified bull story and a simplified bear story circulating for any given asset. I've told platinum's bull story before and will tell it again soon, with updated numbers. But for now the bears are having it their way – platinum is down from a high of $1901 in 2011 to $1166 currently. The first part of the bear story is that the market for diesel-powered vehicles may be shrinking. For gasoline engines, palladium, which is cheaper, is the primary catalyst; for diesel, only platinum will do. Automobile catalysts for cars and trucks with diesel engines is a major fraction of total platinum demand. Europe, which is the largest market for diesels, has been making noises about discouraging diesel-powered autos and encouraging gasoline power instead. This is, indeed, bad news for platinum demand. However it has been blown out of proportion. According to the World Platinum Investment Council total European autocatalyst demand was, in 2014, about 18% of total platinum demand. 18% is substantial, and there is some real risk. If sentiment against diesel were to gather momentum, and all of Europe were to ban new diesel engines, this would hit the mining industry hard. If, in addition, it were to happen quickly, the blow would be doubled by recycling – old autocatalysts would continue to be scrapped and recycled at the same time that new ones would no longer be in demand (at least for Europe). However there is no evidence at present that things are anywhere near that bad. It is not all of Europe that is currently beginning to discourage diesel, but rather one country, France, and one additional city, London: From Reuters: “Late last year, Paris announced plans to ban diesel cars from the French capital by 2020 to cut air pollution, while London mayor Boris Johnson plans to double charges for diesel cars in congested areas.” And from the Financial Times: “Last year Manuel Valls, the French prime minister, said the promotion of diesel cars had been a “mistake” and Anne Hidalgo, Paris mayor, said she would phase out diesel vehicles from the city by 2020. London has also discussed anti-diesel measures.” For the near future the effect appears to be quite small. The highly respected commodity analyst team at Macquarie Bank tones down the fears: The death of diesel engines in European cars has been exaggerated, Macquarie said … Macquarie said that 53.1 percent of total EU sales were made up of diesel engines in 2013, a figure it expects to fall in 2014 at 52.8 percent. “For platinum demand this is bearish, but should be kept in context – a 2-percent point decline in diesel share only reduces platinum demand by about 50,000 ounces, and will be offset if overall car sales in Europe rise by more than four percent, which we expect. More profound changes could happen in future,” it added in a report. … we think [diesel's] market share decline will accelerate in 2015, though by no more than 2.0 percent points,” Macquarie said. So diesel market share surely bears watching in coming years but, for now at least, no significant decline can be predicted with any certainty. The second part of the bear story is that recycling has increased steadily, with the total percentage of platinum demand met from recycling more than doubling in the last 20 years. Here is a graph from the South Africa Chamber of Mines, based on data from Johnson Matthey: ch-1 Jewellery recycling comes and goes, depending on the economic cycle and platinum prices. What is really driving this trend of steadily increasing recycling is autocatalysts. As the general infrastructure for recycling continues to be strengthened, there is no reason why the trend of increasing recycling should not continue. Again, however, one needs to put things in perspective. One often reads commentary suggesting that, since hulks of discarded automobiles contain a higher percentage of platinum than South African ore bodies, recycling is trivial and will become ubiquitous. However discarded cars and car parts are widely distributed and it is the infrastructure of getting all the used catalysts to a refiner that is the challenge, not the refining itself. The USGS wrote in 2004: The relatively low value of the metal content (about $19.00 in each converter), the low concentration of PGM's (less than 0.1 weight percent) and the difficult logistics of returning the material to a central recycling location are reasons why recycling of PGM catalysts in not yet economically viable in the United States. Things have improved since then, but Johnson Matthey reported only 3 years ago that recycling of catalysts was still only at about 50%. In fact, although the percentage of newly mined platinum in autocatalysts has steadily decreased, the absolute amount of newly mined platinum in autocatalysts has, economic cycles aside, been quite constant for many years. See the green line in the following graph – the gross demand for platinum in new autocatalysts less the amount recovered from recycling old autocatalysts, in millions of ounces: ch-2 I have also plotted the total amount of platinum produced from mines, in the blue line at the top of the graph. I'm inclined to think the significant dip in the last couple years is temporary. Production dropped strongly in 2014 due to mine strikes and, in the 2015 estimate, the drop is mainly due to decreased demand from investors, the lowest in eight years, unsurprising since very few investors actually buy things when the price is low. It is nevertheless possible that the number of ounces of platinum produced annually by mines might have peaked. What if the absolute amount of platinum needed from mines is now in a downtrend? Compare the blue line at the top of the graph and the red line, recycling, at the bottom. Even in the most pessimistic (for mining) scenarios, it will be a long time before they meet, cross, and mine supply needed goes to zero. So most of the world's platinum need will be filled by newly mined material for a long time yet, and the increase in recycling does not in any way weaken the main bull argument for platinum, which is simply this: mines must turn a profit, and cannot do so at current prices. == > http://www.clearonmoney.com/dw/doku.php?id=public:commentary

Platinum and palladium markets to go into deficit in 2016: GFMS ... www.mining.com/platinum-palladium-markets-go-deficit-2016-gfms/ May 15, 2016 - GFMS forecasts the platinum market will return to a small deficit in ... But while the supply-demand fundamentals look positive for platinum and ... paving the way for higher prices in 2016, particularly for palladium." ... A rebound in mine production pushed the platinum market back into a marginal surplus. Dissecting how the markets for palladium, platinum and rhodium changed between 2014 and 2015, GFMS says the prices of all three metals fell "on the back of a year unimpeded by industrial action in South Africa and amid a bad year for commodity returns generally." Readers will recall the 5-month strikes at platinum mines in South Africa in 2014. The end of those strikes pushed combined production of platinum, palladium and rhodium by 37%, the highest since 2011. "The GFMS forecast sees broad support from extremely gradual U.S. monetary tightening, paving the way for higher prices in 2016, particularly for palladium." The price reductions were also exacerbated by: liquidations of ETF positions, with platinum investors reducing their positions by 0.26 million ounces; the Volkswagen scandal, which pushed expected demand for diesel vehicles lower- platinum is a primary ingredient in auto catalysts; and the lower South African rand, which depreciated 26 percent between 2014 and 2015. (An older chart, 2012): chart

PLG / Platinum Group Metals Ltd. === Gold : 1131.0 Plat. : $905.0 (-20%) PLG- : US$1.46 : raised money at $1.80: US$40 in late Oct., thru BMO bought-deal Ptm.t : C$1.97 Presentation: http://s1.q4cdn.com/169714374/files/doc_presentations/2016/dec/WaterbergPresentation.pdf CA:PTM / Platinum Group Metals Ltd. (TOR) ... update : ======= PLG ... update xx

Refined platinum production numbers for each company - in troy ounces (oz). AngloAmPlatinum: 1,890,000 oz : SJ:AMS / JSE:AMS / ANGPY : www.angloamericanplatinum.com Impala Platinum -- 1,180,000 oz : SJ:IMP / JSE:IMP / IMPUY : www.implats.co.za Norilsk Nickel ------- 657,000 oz. : MOEX / MNOD - / NILSY : www.nornik.ru Lonmin plc ---------- 436,000 oz. : Jse:Lon / LMI.L - / LNMIF : https://www.lonmin.com/ Stillwater Mining*--- 285,000 oz. : SWC (on Nyse) : Northam Platinum--- 241,000 oz. : Jse:NHM / ----- / ---- : www.northam.co.za =====Top 6 Co's: 4,682,000 oz. ====Top 10 Co's: 5,140,000 oz. Aquarius Platinum--- 184,150 oz. : Vale S.A. ------------- 182,000 oz. : Glencore plc----------- 91,000 oz. : Asahi Holdings------- 44,800 oz. : a Japanese precious metals recycling company *reported: South African's Sibanye Gold To Buy Stillwater Mining For $2.2 Billion Or $18 Per Share More items... + Platinum Group Metals Ltd. ================ Mine Supply Total refined production of platinum - including recycled material - was estimated to be 7.225 million ounces in 2014. This represented a roughly 8 percent decrease from 2013, which was the result of a five-month-long strike by workers at South Africa's three largest platinum mining companies. The strike by 70,000 workers resulted in a loss of over 1 million ounces of platinum and lost revenues of US $2.3 billion. Production by the 10 largest platinum producers accounted for some 5.14 million ounces, or over 70 percent of total global refined platinum production... The 10 Biggest Platinum Producers 2014 - The Balance https://www.thebalance.com/the-10-biggest-platinum-producers-2014-2339735 Demand & Balance, 2015 2015 platinum: marginal surplus A rebound in mine production pushed the platinum market back into a marginal surplus. According to GFMS, global output recovered 27% to 6.16 million ounces, while in South Africa, production was up 40%. The weak rand and and a 23% reduction in costs also augmented the production figures. The net balance for palladium, adjusting for movements of palladium in ETFs, shows a slightly smaller surplus of 265,000 ounces in 2015 compared to 375,000 ounces in 2014. Scrap jewelry supply was robust, climbing 4% in 2015 to 0.54 million ounces, the highest level since 2011, driven mostly by a 21% surge in Chinese scrap supply. In contrast, in North America and Japan low platinum prices saw recycling volumes slip to near-decade lows. Autocatalyst scrap declined by 14% in 2015, giving up gains of the last two years to reach 0.93 million ounces says GFMS, particulary North American and Europe, "as lower steel and PGM prices impeded the flow of scrap down the supply chain." On the demand side, platinum consumption in autocatalysts rose by 2% last year to 3.0 million ounces, with the offroad sector being the primary demand driver at a 24% increase. However platinum used for making jewelry dropped by 4% to 2.46 million ounces, mostly due to lower consumer spending capabilities in China. Industrial segments were also weaker, with the chemicals sector down 17%, the petroleum industry retreating 18%, and platinum demanded by electronics also dropping. == > This report asserts that global economic growth should be strong enough to drive demand from roughly 8.1 million ounces of platinum in 2015 to an estimated 8.63 million ounces in 2021, at an estimated CAGR of close to one per cent, driven primarily by increased automotive demand as car manufacturers look to meet ever-tightening emissions targets > Jan.2016 Forecast: https://www.platinuminvestment.com/files/Platinum_Fundamentals_forecast_Glaux_2016.pdf

PLATINUM - and PLA-related shares : ETF's : Platinum ETFs ( PPLT -physical, w/ more liquidity : PTM vs. Platinum ) ++ VelocityShares 2x Long Platinum ETN (NYSE: LPLT) and VelocityShares 2x Inverse Platinum ETN (NYSE: IPLT) - Trading may have stopped allow traders to manage platinum exposures using 2x leveraged long and inverse positions linked to the S&P GSCI Platinum Index. ======== Platinum is now cheaper than Gold Gold : 1131.0 per ounce Plat. : $905.0 (-20%) - there have been times when it was priced ABOVE Gold : : -- : :<-: : 24hr-Gold : PPLT (physical etf) vs. GLD ... update : PPLT: All : 5-ys : 1-yr : Costs have been rising (this is through 2012) Compare to Gold Cost ===== Trade Gold & FX in Bitcoins : https://simplefx.com/dashboard/

Arnott says that Emer,Mkts are a good hedge for rising inflation... and have better Demographics (so maybe now... better than US stocks): Consequently, investors’ mindsets should be focused towards higher inflation, higher interest rates, and reduced disinflation. As an example, China’s PPI hooked up in September for the first time since 2012. We believe the same thing is happening here in the U.S. Time To Own Gold, Silver And Other Hard Assets Accordingly, REITs, timber, agriculture, collectibles (wine, art, diamonds, precious metal coins, farmland, etc.), and MLPs should have an increased weighting in portfolios, in our view. To this MLP point, we recently met with one of the savviest MLP-centric portfolio managers on Wall Street, who believes the midstream and downstream MLPs are ripe for a number of good years going forward. He suggests the bad news is in the rearview mirror: the capital markets are wide open for the MLPs; we are consuming an extra 1 million barrels of crude oil per day, and the MLPs traded at around a 30% discount relative to par. Speaking to valuation, of the major asset classes, emerging markets remain the cheapest and we recommend tilting portfolios accordingly. And we favor active management over passive management at this stage of the market cycle. Manifestly, when stocks are undervalued, and the indexes are rallying, you want to own cheap beta. But, when stocks are neutrally valued, you want to be an active manager who can say, “I don’t want to play the FANG stocks and low volatility names.” ***To listen to the extraordinary KWN audio interview with whistleblower Andrew Maguire, where he discusses the gold and silver smash, what is really happening with gold demand in India and China, government plans for capital controls and much more, CLICK HERE OR ON THE IMAGE BELOW. > http://kingworldnews.com/one-major-firms-chief-investment-strategist-says-its-time-to-own-gold-silver/

Rob Arnott likes Emer.Mkts in the Long Term EEM / Emerging Mkts etf ... All-data : 5-years : > http://kingworldnews.com/rob-arnott-12-10-16/ MP3 : https://api.soundcloud.com/tracks/297179905/download?secret_token=s-uJrnJ&client_id=cUa40O3Jg3Emvp6Tv4U6ymYYO50NUGpJ

xx GOLD vs EEM (Emerging Mkts. etf) GLD vs EEM, etc ... update EEM -to GLD // EEM, last: $34.28 / Gold, last: $1133.6 / GLD, last: $107.93 / Ratio: at 3.02% of a Gold Ounce / 31.2% of GLD Buy Gold, Sell EEM now, at over 3% of a Gold oz., buy next at near 2%

First Time Ever In The History Of The Gold Market The technicals in the gold market never been set up better than they are now for a contrarian move higher. On the assumption that gold closes on Friday lower for the week than last week, it will mark seven straight weeks in which gold has closed lower on a weekly basis (this just happened). This has never happened before. == MASSIVELY OVERSOLD GOLD GLD / Gold ... 12-mos : 2-yrs : > source: http://kingworldnews.com/this-is-the-first-time-in-history-this-has-happened-in-the-gold-market/ Strongest Gold "Buy" Signal In 16 Years - SoT #132 Question: Bill: Re: yesterday’s reader’s comment: “Bulls typically don’t retrace 100% of a move which we are close to doing,” We do in fact have two precedents for such behavior in the current bull market. 1999-2001 was a full retrace at the $250+ level, with an interim high of $320+ in the interim. And of course, 2007-2008 looped from the mid $600s through the mid-$900s and back again. Both times, the near-100% pullbacks were followed by bull surges that almost tripled the gold price 3-5 years later. Meanwhile, the Gold Miner’s Bullish Percent Index has ranged from 100% in July to 7% in November. Despite further declines in the gold price, it’s presently sitting around 11%. I know negative sentiment doesn’t confirm a bottom in itself, but I just wanted to offer some words that I hope are encouraging to a fellow Rap reader. Answer from Fleck: “OK, thanks. Lots of extremely lopsided data points showing up now.” > http://kingworldnews.com/with-gold-plunging-for-7-straight-weeks/

Office tower planned at long-empty lot near Philadelphia City Hall Philly.com-19 Dec 2016 A West Conshohocken developer plans to build a 38-story office tower at the long-vacant lot at 13th and Market Streets. The building could be ready for occupancy by early 2020. The site at 1301 Market St. was previously occupied by a row of blighted buildings from the early 20th century that were cleared in the 1990s. The space is currently used as a parking lot. If completed, the tower would be the first so-called trophy-class office property in Philadelphia’s Market East sector east of City Hall, traditionally a lower-end market, said Lauren Gilchrist, Philadelphia research director at commercial real estate firm JLL. But with Market East office rents now close to those of the city’s main business corridor west of City Hall, Oliver Tyrone Pulver’s plan for high-end offices there could be justified, Gilchrist said. Also helping draw tenants are the Market East area’s high concentration of train and subway stations and the stores and restaurants opening to serve its growing residential population, said Robert Fahey, an executive vice president at commercial real estate services firm CBRE in Philadelphia. Other projects in the area include the redevelopment of the Gallery at Market East shopping mall and the East Market residential and retail complex on Market Street between 11th and 12th. “That side of City Hall is transforming faster than any other part of our central business district,” he said.

Continuing Philadelphia Gentrification is squeezing out low-rent apartments - as the CBD grows Philly lost 20 percent of affordable apartments between 2000-2014by Melissa Romero Dec 21, 2016, A new report by the Federal Reserve Bank of Philadelphia reveals that gentrified neighborhoods lost affordable rental units at five times the rate of non-gentrifying areas. . . . Specifically, the city lost 23,628 units with rents that fell below the $750 threshold between 2000 and 2014. The researchers found that gentrifying neighborhoods were hit hardest by this loss. These areas—think Center City and University City—have lost low-cost rental units at five times the rate as non-gentrifying neighborhoods. The researchers used $750 as the low-cost price point because in Philly that number is considered affordable to someone who makes about $30,000 a year, which is just above the city’s median income . . . Dwindling supply of affordable rental housing is a serious issue in metros nationwide, but it’s particularly prevalent in Philadelphia, given that it has the highest poverty rate of all major metros in the nation. In addition, even more recent Census data shows that more than half of Philly renters are cost-burdened, meaning they spend more than 50 percent of their income on rent. Philly lost 1 in 5 low-cost rental units between 2000 and 2014 So, where is all the affordable housing stock going? There are a few factors. In gentrifying neighborhoods, they’ve been replaced by amenity-driven, market-rate apartments—Philly was number one in new walkable construction this year. With these new luxury apartments, rents continue to rise, making the neighborhood increasingly less affordable. Nearly 70 percent of new construction in Philly since 2014 has been on the high-end, with these apartments averaging about $1,795 per month. Rising rent is also a contributing factor in non-gentrifying neighborhoods, but less so than conversions to owner-occupancy, abandonment, or demolition, the researchers write. == Philadelphia Gentrification DRIVING the gentrification and rising rents - are more jobs And building new office towers helps that Office tower planned at long-empty lot near Philadelphia City Hall Philly.com-19 Dec 2016 A West Conshohocken developer plans to build a 38-story office tower at the long-vacant lot at 13th and Market Streets. The building could be ready for occupancy by early 2020. The site at 1301 Market St. was previously occupied by a row of blighted buildings from the early 20th century that were cleared in the 1990s. The space is currently used as a parking lot. If completed, the tower would be the first so-called trophy-class office property in Philadelphia’s Market East sector east of City Hall, traditionally a lower-end market, said Lauren Gilchrist, Philadelphia research director at commercial real estate firm JLL. But with Market East office rents now close to those of the city’s main business corridor west of City Hall, Oliver Tyrone Pulver’s plan for high-end offices there could be justified, Gilchrist said. Also helping draw tenants are the Market East area’s high concentration of train and subway stations and the stores and restaurants opening to serve its growing residential population, said Robert Fahey, an executive vice president at commercial real estate services firm CBRE in Philadelphia. Other projects in the area include the redevelopment of the Gallery at Market East shopping mall and the East Market residential and retail complex on Market Street between 11th and 12th. “That side of City Hall is transforming faster than any other part of our central business district,” he said.