Gold World News Flash |
- Koos Jansen: West-to-East gold exodus in full swing
- Why World War III Will Begin In Syria
- China Confiscates BILLIONS in “Ugliest Corruption Scandal” In History
- It’s A Precarious Time For Gold
- Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar
- China Confiscates Billions In "Ugliest Corruption Scandal" In History
- The Accidental End to Silver Price Manipulation
- Double Data Whammy For Japan As PMI Tumbles & Industrial Production Misses By Most Since Abenomics
- The Accidental End to Silver Price Manipulation
- A Golden Opportunity Coming in Silver
- Is Silver Set to Rally?
- Unintended Consequences - Creating More Debt by Trying to Make Less
- What Happens When "The Workers" Just Don't Care Anymore?
- MAX KEISER says The USD is DONE
- Commodities Another Leg Up with Gold Setup for a Final Takedown
- The Most Astonishing News In The Gold & Silver Markets
- Gold and Silver - Here Comes April
- GOLD, Crude OIL and S&P500 Elliott Wave Review
- Gold bugs and fiat currency advocates each have their own economic myths
| Koos Jansen: West-to-East gold exodus in full swing Posted: 30 Mar 2014 10:03 PM PDT 12:02p ICT Monday, March 31, 2014 Dear Friend of GATA and Gold: China gold market researcher and GATA consultant Koos Jansen reports today that Chinese gold demand, as measured by offtake from the Shanghai gold exchange, "remains extraordinarily robust," with 523 tonnes removed through the first 2 1/2 months of the year, which would pretty much speak for the entirety of world gold production during that time. Jansen's commentary is headlined "West-to-East Gold Exodus in Full Swing" and it's posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/west-to-east-gold-exodus-in-full-swing Meanwhile Bloomberg News tries to spin the China gold story in the opposite direction, reporting "Shanghai Gold Cheapest to London Since 2012 on Weak Demand," though in fact Bloomberg doesn't report any actual demand figures at all, instead just making some price comparisons: http://www.bloomberg.com/news/2014-03-31/shanghai-gold-cheapest-to-londo... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Safe and Private Allocated Bullion Storage In Singapore Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore. Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore And for more information call Daniel or Sharon at +44 203 0869200 in the United Kingdom or at +1-302-635-1160 in the United States. Or email them at info@goldcore.com. Join GATA here: Porter Stansberry Natural Resources Conference Canadian Investor Conference 2014 http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Why World War III Will Begin In Syria Posted: 30 Mar 2014 09:50 PM PDT by Dave Hodges, The Common Sense Show:
The Present Situation: Russia is bleeding the Petrodollar dry by leading the BRIC nations in the purchase of Iranian oil for gold. The same situation is emerging in Europe as Russia is on the verge, either by invasion or by proxy control of Ukraine, of controlling a good portion of energy needs to Europe and being able to bypass the Petrodollar as a means of payment for Russian energy shipments into Europe. Further, Russia has just completed a deal which brings China into the Russian energy sphere of influence. This will eventually culminate in the weakening of NATO and the isolation of the United States both economically and militarily. What does Russia want and what will be its eventual goal? Some believe that Russia wants to occupy the United States and perhaps Putin eventually does, but it is not practical at this particular point of time. |
| China Confiscates BILLIONS in “Ugliest Corruption Scandal” In History Posted: 30 Mar 2014 09:32 PM PDT from ZeroHedge:
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| It’s A Precarious Time For Gold Posted: 30 Mar 2014 09:00 PM PDT by Zeal, Gold Silver Worlds:
Whatever the outcome, I maintain the position that it's just too difficult to trade gold on the Long side anymore. I'm glad we're out of positions because this just does not feel or look like an Investor Cycle that is headed higher again. Normally, in an uptrend, sharp drops into DCL's are quickly reversed, as the new Cycle powers higher. But this one has lingered for too long without catching a new Cycle bid and is almost $100 lower. Specifically, today the equity markets suffered another sharp reversal and bonds soared, both in response to comments made by president Obama and European leaders in response to Russia's actions in Crimea. These flight to safety moves are supposed to be in gold's "wheelhouse", especially so late (Day 34) in a Cycle. A bullish leaning asset would have taken that as a catalyst for a strong rally in a new Cycle. Instead, gold was muted and remained depressed. |
| Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar Posted: 30 Mar 2014 08:20 PM PDT by Dr. Ludwig Watzal, Global Research:
Russia announces that it will sell (and buy) his products and commodities – including oil – in rubles; not anymore in dollars Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the killer speculations of the big Western financial institutions — for a long time. After sanctioning several Russian banks to punish Russia for Crimea, the Washington politicians were told by the financial power-to-be to step back because obviously, the Wall Street vampires understand that putting Russian banks outside the reach of their blood sucking teeth is never a good idea. |
| China Confiscates Billions In "Ugliest Corruption Scandal" In History Posted: 30 Mar 2014 06:57 PM PDT With Chinese authorities increasingly looking like they are sticking to their reform promises, fighting moral hazard and allowing defaults to occur (in a completely 'contained' way, of course); the continued crackdown on graft and government corruption has hit a new high (or low). As Reuters reports, Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China's biggest corruption scandal in more than six decades. 71-year-old Zhou has been under house arrest since first being investigated late last year but the size and scale of the corruption is unprecedented including 300 apartments, 60 vehicles, bonds, stocks, and gold - "it's the ugliest in the history of the New China."
However, some suggest it's just politics...
But the confiscations are widespread...
But Xi has a problem with his next steps...
While the following cartoon may have summed up most people's attitudes to the corruption probes - especially in light of the ease of washing money out o fthe country that we explained here...
It seems with the confiscations this weekend, Xi is sending a rather loud signal to his political frenemies. |
| The Accidental End to Silver Price Manipulation Posted: 30 Mar 2014 06:40 PM PDT by Dr. Jeffrey Lewis, SilverCoinInvestor: It should be clear now to most precious metals observers that gold and silver price manipulation is just as common to the metals as it is to every other asset class. And equally evident should be the realization that resolution will not come from organized efforts. Be it regulation or legal class action, market forces will more than likely assert themselves. |
| Double Data Whammy For Japan As PMI Tumbles & Industrial Production Misses By Most Since Abenomics Posted: 30 Mar 2014 05:48 PM PDT "It's always darkest before the dawn," we are sure will be the next idiotic (and wholly unsupported) bullshit line from various Japanese leaders about yet another round of disastrous Japanese data. Aside from June 2013, this is the biggest monthly drop in Industrial Production since the Tsunami - and biggest miss since Abenomics began. Good news right? More stimulus right? Not with inflation surging thanks to the collapsed currency. But wait, there's more 'great' news, Markit PMI just had its biggest 2-month drop in 20 months and is at its lowest in 6 months. For now, JPY is confused (and so is the Nikkei) but US futures aren't, they are rallying; because, well - why not, the casino is still open for now.
Industrial Production... spot the silver lining...
And Japan PMI...
Is it any wonder the Japanese are increasingly scrambling to prepare for the failure of Abenomics and are buying gold in size... that and the pending rise in Japan's consumption tax for gold from 5% to 8% (a retail consumption tax that Japan imposes unlike most countries) |
| The Accidental End to Silver Price Manipulation Posted: 30 Mar 2014 05:00 PM PDT Jeffrey Lewis |
| A Golden Opportunity Coming in Silver Posted: 30 Mar 2014 05:00 PM PDT The Daily Gold |
| Posted: 30 Mar 2014 03:52 PM PDT
Historically, the price of that other precious metal, silver, has been strongly correlated to the price of gold, with silver prices rising whenever gold prices grow. Yet for the year to date, the opposite has occurred. Despite gold’s recent rally, seeing its price firm by 6% for the year-to-date, silver’s price has softened 2%, indicating it is undervalued and should rally if the historical correlation between the two assets is to be believed. |
| Unintended Consequences - Creating More Debt by Trying to Make Less Posted: 30 Mar 2014 03:01 PM PDT Unintended Consequences Creating More Debt by Trying to Make Less By Cognitive Dissonance
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Towards the end of my recent radio interview (@ 1:48:00) we briefly discussed the financial system illusion, the potential for social disruptions that would result from the deconstruction of the system and the process of withdrawing or disentangling from the system itself. I mentioned to the interviewer an ironic twist that may result from disentangling or withdrawing to some degree or another from the system. If you think it is difficult changing banks when so much of our financial life is entangled by direct deposit of wages, dividends, interest, social security or pensions; automatic debits and bill paying of mortgages, credit cards, insurance, utilities etc, then imagine the complications involved when substantial withdrawal from the system is attempted and many financial and physical connections are severed. It can become quite entangled and complicated, more so at least initially, rather than if we had done nothing. For example let’s say you moved several hundred or even a thousand miles away to a more rural area. While you could and probably will still maintain your existing banking relationship, at least for a while, your local credit union or small community/regional bank may not have branches where you are moving to. In fact in many rural areas there is only one bank within ten, twenty, even fifty miles of your new home and possibly only two or three within several hundred miles. Since modern life still requires checks to be cashed and/or deposited, personal checks to be written and currency to be held on hand, a new banking relationship would need to be established where you now live. This means several different types of accounts under various titling would be required since you still need to maintain (or increase) certain outside financial relationships until you can sever them. Essentially you would need to maintain some portion of your old life at the old bank and also extend it to your new bank and location, plus create your new life at the new bank. Some of this will eventually be unraveled, but for now you have fed the banking system both by opening additional accounts and by moving more ‘money’ into the fractional reserve system as you liquidate assets. On the margin you have actually increased your Ponzi presence rather than reduce it. But it gets worse, much worse. Regardless of whether you are selling a primary residence, income producing commercial property, a partnership or business, something we all must do to some extent or another if we are to move and begin to withdraw, while you may be paying off the debt associated with the properties, the buyer is more than likely taking on even more debt in order to purchase the asset. Often this is simply because the asset you are selling has been held for many years and its debt has either been significantly paid down or extinguished during that time period. In some cases the asset has appreciated as well, requiring the buyer to take out a mortgage for an amount even greater than your original mortgage, let alone the balance now due. In addition, even though your intention was to own your new residence free and clear of all debt, because you are initially cash crunched you might decide to take out a small first mortgage on the new place in order to preserve some of your cash to afford you more flexibility while you sold other assets and made improvements and repairs to the new property. This small debt could be extinguished soon, but once again more debt was created in order to help you disentangle. Finally, as noted above you are probably making several improvements and repairs to your new place which requires additional spending above and beyond what you would normally engage in. While the expenditures are essentially capital improvements that will enable or assist you in continuing to whittle down your footprint within the Empire, it is still more short term fuel on the Ponzi fire. This doesn’t include any additional spending by those who purchase your real estate, either to enhance or repair the property, meet newly enforced code requirements or just to be able to fix it up to increase revenue potential or in order to resell to others. In addition I’m not taking into account all the various closing costs on both sides of the HUD-1 that feeds the industry that feeds the real estate market that feeds the Ponzi leverage.
Oftentimes commercial property is bought with as much leverage as possible and with the intention of extracting any built up equity at a later date to once again leverage the purchase of another property. While that may not have been your intent if you kept your income producing property or business, it is more likely to be the case for the purchaser of the property you are divesting to. The beast is fed once again. Of course, there are other ways to skin a Ponzi. You could have remained in your primary residence and begun the process of leveraged investment divestiture from there. Then when that was complete, and depending upon how much cash you wound up with, you could purchase your new home followed by the sale of your primary residence, Or do it the other way around: sell your house, then rent while you looked for and purchased your new home. This would have limited to some degree the feeding of the beast. But as we all know, or will know soon enough, the real estate ‘bidness’ is up and down and the best time to sell is when there is a market for the sale of your properties, pushing the sales price up, and the best time to buy is when there isn’t a market for the property you wish to purchase, pushing that price down. Since you would be doing both, and time may be of the essence because of several complicating personal issues, for example a child unit that needs to be settled in a school system or the place you want won’t be there for long, you probably don’t want this process extended out over many months and potentially years. So you choose the devil you know. You most likely won’t receive a windfall from the sale of the properties. While stock market assets may have been boosted by the Federal Reserve, personal and commercial properties have not responded equally well. In some cases, particularly personal property, while the potential selling price may be off the floor set in 2008-09, they have not recovered anything close to their highs except in a few select markets. Commercial income producing property is a little better, but there again it is all about location, location, location and not all commercial property is doing well. Not exactly the best time to sell. You are committed to deleveraging your life, both personal and financial, so if it can be avoided you don’t wish to bring harm to yourself just to minimize the effect on the Ponzi. Thus your goal is to finish this process, or at least this portion of the process, as quickly and efficiently as possible. That said you’ll probably pick the path that suits you best since you do not owe allegiance to the Ponzi nor to those who will be left behind when it falls. When the deleveraging process has begun it will be remarkable to witness first hand, once pen is put to paper and outcomes are projected to the end of the divestiture, how the entire financial system is geared towards stacking the chips higher and higher, with leverage upon leverage utilized to leverage even more. Each financial intermediary along the way of stacking and restacking of the Jenga blocks encourages the swift passage of their portion of the Ponzi simply because they are financially compensated to do so. There is simply no way for the financial system to regress, to contract or even just to stabilize in order to buy some time to dismantle it and create something more sustainable. When every step along the way someone is dipping their buzzard’s beak into the cow pie, either for a living or for wealth enrichment and enhancement, no outcome other than collapse or a slightly slower crumble appears possible. It is supremely ironic that those who wish to withdraw or minimize their interactions with the Ponzi might actually feed it on the way out. This alone speaks volumes towards how dysfunctional and truly unsustainable it is.
03-30-2014 Cognitive Dissonance
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| What Happens When "The Workers" Just Don't Care Anymore? Posted: 30 Mar 2014 02:58 PM PDT Submitted by Michael Snyder of The Economic Collapse blog, One of the big problems in America today is that a lot of people simply do not seem to care about what they are doing anymore. The level of sloth, laziness and apathy that we are witnessing in this country is absolutely mind-numbing. Of course this is not true of everyone. There are still many Americans that are extremely hard working. But overall, it really appears that people are not taking as much pride in their work as they once did. Some of the examples that I am about to show you are quite funny. Others are more than just a little bit disturbing. But they all have a common theme. Americans from all walks of life are simply giving up. Whether they are teachers, delivery people or fast food workers, the truth is that there are a whole lot of people out there that seem to have mentally checked out. For example, take a close look at the midterm exam posted below. Does anything stand out to you?...
If you can't read the writing in the red box, this is what it says...
To be fair, there is a tremendous amount of debate about this photo on the Internet. Some people insist that no teacher would ever be so careless and that this picture must have been photoshopped. Others that have studied this photo insist that there is no sign of alteration and that it is 100% authentic. I will let you come to your own conclusion. What is undeniable, on the other hand, is that there are a lot of delivery people out there that simply do not seem to care anymore. For example, in the YouTube video that I have posted below, you can watch a postal worker drive her truck on to someone's lawn. She is so lazy that she doesn't even have the energy to take a few steps and place the package at the customer's door...
And in this next YouTube video, another postal worker does not even get out of his truck. He just carelessly tosses a package (which could contain something very expensive) toward the customer's home...
What would cause someone to act like that? What has caused so many Americans to no longer take any pride in their work? Another place where this can be seen frequently is at fast food restaurants. For instance, the photo that I have posted below of a Wendy's employee gulping down soft serve ice cream with his mouth under the Frosty dispenser went viral on the Internet a while back...
I don't know about you, but to me that is absolutely disgusting. Needless to say, that worker quickly lost his job. And of course there is no shortage of other fast food horror stories out there. The following is one of my favorite examples...
These days even the criminals are getting lazy. The following story is very tragic. Violent crime in America is on the rise, and as the economy continues to get worse people are going to steal just about anything that is not bolted down. In the little town of Denison, Iowa, a couple of thugs recently shot and killed an elderly couple while they were attempting to steal some scrap metal...
This is the kind of thing that we are going to see a lot more frequently in the years ahead. Those thugs thought that they would get away with murder by burning the victims inside their own trailer, but they foolishly left behind a receipt from the Wal-Mart where they had just been shopping at the scene of the crime...
In this case, justice was served by the slothfulness of the American people, and I hope that those murderers are given the highest penalty allowed by law. But in general, slothfulness is a terrible thing. And it isn't just a few people that are being slothful. This is a national disease. I like how Jim Quinn put it in his recent article...
But even though so many of us are aware of what is happening to us, we just can't seem to break out of it as a nation. It really does seem like most people are walking around in a fog these days. Maybe the fact that 70 million Americans are on mind-altering drugs has something to do with it. I don't know. But unless Americans start taking more pride in their work again and start living their lives with meaning and purpose, it is going to be very difficult to envision a positive future for this country. |
| MAX KEISER says The USD is DONE Posted: 30 Mar 2014 02:13 PM PDT While 20-year highs for the CNY may be enough for many to question the USD's ongoing reserve status, it is clear that there are many other plans afoot that undermine the dominance of the greenback.Submitted by Michael Snyder of The Economic Collapse blog,On the global financial stage, China is... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Commodities Another Leg Up with Gold Setup for a Final Takedown Posted: 30 Mar 2014 12:29 PM PDT As most of you know by now I believe we are going to see a big surge in inflation this year. As I've noted in my previous articles the first leg up in the CRB has run its course and broken the 3 year down trend that's been in place since 2011. I think it's time for the second leg up in that inflation. The two-week dip in the CRB has cleared the overbought conditions from the initial surge and I think we will now get one more push to test that 2012 high before commodities experience a more significant pullback this summer that sets up the big inflationary spike that I am anticipating to occur during the second half of the year. |
| The Most Astonishing News In The Gold & Silver Markets Posted: 30 Mar 2014 10:29 AM PDT  Today KWN is putting out a special piece which has some absolutely remarkable gold charts that were sent to us by David P. out of Europe. These are charts that the big bullion banks follow closely in the gold and silver markets, as well as big money and savvy professionals. This will give KWN readers around the world a bit of a snapshot of what they are looking at as we head into April.This posting includes an audio/video/photo media file: Download Now |
| Gold and Silver - Here Comes April Posted: 30 Mar 2014 08:42 AM PDT "It was possible, no doubt, to imagine a society in which wealth, in the sense of personal possessions and luxuries, should be evenly distributed, while power remained in the hands of a small privileged caste. But in practice such a society could not remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupified by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realise that the privileged minority had no function, and they would sweep it away. |
| GOLD, Crude OIL and S&P500 Elliott Wave Review Posted: 30 Mar 2014 08:28 AM PDT GOLD have turned bearish last week from 1380-1400 Fibonacci resistance zone and extended losses in this week beneath 1300 psychological level where market could look for some support if we consider five sub-waves down from 1391. We are talking above red wave i)/a) that could be near completion, so traders should be aware of three wave rally back to 1327-1342 region. The RSI is also showing some signs of a divergence. Keep an eye on upper trendline of a current downward channel; a break above it will suggest that three wave rally has began. |
| Gold bugs and fiat currency advocates each have their own economic myths Posted: 30 Mar 2014 02:37 AM PDT 4:58p ICT Sunday, March 31, 2014 Dear Friend of GATA and Gold: Fiat currency advocates aren't the only ones who perpetuate myths about economics, like the desirability of central banking. Central banking works great in theory but it practice central banking is the power to create infinite money, which is absolute power, and of course it is never exercised by an impartial machine following infallible formulas; rather is it exercised by fallible people who are corrupted absolutely by absolute power. Gold advocates have their own myths too, foremost of which is that gold is the best money because central banks can't print it as they print ordinary currency. But of course Western central banks long have been printing gold in nearly infinite quantities -- "paper gold," claims on gold that doesn't exist, hypothecated and rehypothecated from gold leased by central banks -- and the markets and financial news media long have fallen for it. It's why the gold price long has ridiculously lagged currency creation. A close second among the myths of the gold bugs is that fiat currency has no intrinsic value -- that, as Voltaire is said to have observed, "Paper money eventually returns to its intrinsic value -- zero." ... Dispatch continues below ... ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Voltaire's observation arose from his witnessing the corruptibility of central banking and the destruction of the currency in France in the 1600s and 1700s. But while a piece of paper purporting to be money may be just a piece of paper, typically today paper currency represents far more than that and likely always will, as noted this week by Chris Mayer of The Daily Reckoning. Starting with the example of the U.S. dollar, Mayer notes that this mere paper or its electronic derivative is given enormous value by the taxing power of the government that issues it. Value is also conferred on that paper by government's enforcement of legal tender laws requiring its acceptance "for all debts, public and private." Mayer goes on to note other unappreciated truisms from the age of fiat money, like the obsolescence of levying taxes for national government revenue, a point perhaps made first by the vice president of the Federal Reserve Bank of New York, Beardsley Ruml, in 1945, whose observation has been noted from time to time by GATA and certain other gold bugs, like the Tocqueville Gold Fund's John Hathaway: http://www.gata.org/node/10188 That is, in a fiat money regime, governments create money at will and the only purposes of national taxes are to conceal government's money-creation power from the population and to determine how money will be distributed, a mechanism of social control. Ruml's point illustrates still other economic myths of the advocates of fiat currency and central banking: the myths that central banks need to lease gold to earn a little money on a supposedly dead asset and that the International Monetary Fund needs to sell gold from time to time to finance aid to poor nations. Having the power of money creation without any respect to gold, central banks needn't lease or sell it for any revenue-raising purpose. No, central banks need to lease or sell gold only to hamper a potentially competitive currency and maintain their own absolute power over the world. Mayer's commentary is headlined "The Real Reason the U.S. Dollar Has Value" and it's posted at the Daily Reckoning here: http://dailyreckoning.com/the-real-reason-the-u-s-dollar-has-value/ CHRIS POWELL, Secretary/Treasurer Join GATA here: Porter Stansberry Natural Resources Conference Canadian Investor Conference 2014 http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Silver mining stock report for 2014 comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: |
It is possible to make a reasonable prediction about where World War III will break out based upon historical Russian military strategy. Putin is following a very predictable pattern that dates back to over a 100 years of Russian military history coupled with the present set of events.
With Chinese authorities increasingly looking like they are sticking to their reform promises, fighting moral hazard and allowing defaults to occur (in a completely ‘contained’ way, of course); the continued crackdown on graft and government corruption has hit a new high (or low). As Reuters reports, Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China’s biggest corruption scandal in more than six decades. 71-year-old Zhou has been under house arrest since first being investigated late last year but the size and scale of the corruption is unprecedented including 300 apartments, 60 vehicles, bonds, stocks, and gold – “it’s the ugliest in the history of the New China.”
Past weekend, I remained "on the fence" with regards to which direction gold was headed. Without clear evidence that the weekly (Investor) Cycle had topped, I had discussed how I was warming up to the possibility of this being a late stage 2nd DC, instead of the failed 3rd Daily Cycle scenario I had followed exclusively up to that point.
Russia "forced" by the sanctions to create a system independent from the Dollar. 
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