Gold World News Flash |
- Expect More Fakery To Occur Involving Paper Gold And Silver
- Silver – A Century of Prices
- Ultimate Proof The U.S. Dollar Is Worthless
- Gold, the “Pet Rock”
- I Dare You!
- "Greed Is King" - What We Learned Talking To Chinese Stock Investors
- The Gold Price Closed at $1,088.40 Down $4.30
- Even Alan Greenspan and Bill Gross are warning of Economic Collapse 2015
- Barack Obama did what? Be Ready in September 2015!
- The Euro Isn’t Dead
- Gold Daily and Silver Weekly Charts - Non-Farm Payrolls Next Week - 116:1 and No Fear
- John Stossel -- The Dynamics of Junk Science Explained
- Gold Miners, RIP…
- Ted Butler: Price takers and price makers
- TF Metals Report: Heavy silver futures contract deliveries in July
- As gold price falls, miners pick derivatives to protect income
- Civil War Is Obama's Endgame For America -- Steve Quayle
- Alasdair Macleod: China's 1929 moment
- Howling at the moon for a change of trend for gold
- The Biggest False Flag This World Will Ever See Is In Motion! Let Me Explain!
- Matt Insley: “If It’s Sunny, WE’RE Makin’ Money”
- Surprise! Chinese Farmer Loses Life Savings
- CNN Creepy Freemason Dis-Info Propaganda
- Thursday Morning Links
- Threat Of Cyber Warfare the “Other Reason To Own Physical Gold†Warns Rickards
- Greece, Diversion, and the New World Order
- BMO's Andrew Kaip: The Gold Majors Are Back
- Silver will decline to $13 levels: Nic Brown
- Dow 5000? Charles Nenner Discusses His Cycle Theory and Predictions for the Market
| Expect More Fakery To Occur Involving Paper Gold And Silver Posted: 31 Jul 2015 12:30 AM PDT by Gregory Mannarino, Seeking Alpha:
Recently I wrote an article titled: How Overt Manipulation Of The Paper Gold & Silver Market Is Done, in which I detailed how the most recent faking of these paper markets was done. (*Take a moment to review that article if you are interested in gaining a perspective on the situation, click HERE.) In my opinion the paper derivative market, these “trusts,” GLD and SLV, exist only to “set” the price in the physical market-therefore making these finite assets available at unbelievably suppressed prices to countries, governments, financial institutions, and those who also understand that the current debt expansion cycle is peaking. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 11:01 PM PDT The graph below shows 100 years of silver and crude oil prices on a log scale using the annual average of daily prices. Example: The price of silver peaked in 1980 at about $50 but the smoothed... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ultimate Proof The U.S. Dollar Is Worthless Posted: 30 Jul 2015 10:30 PM PDT by Jeff Nielson, Bullion Bulls:
Yet utter the statement above to a Defender of the U.S. economy, and one will always get the same reply. "The United States can never be bankrupted (no matter how large its debts), because with its printing press it can print-up enough dollars to 'pay' its debts." There is an enormous, logical fallacy in that assertion. It is the fact that very people understand this logical fallacy which is the only reason that the (worthless) U.S. dollar does not already have an official exchange-rate of zero. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 09:20 PM PDT from Laissez Faire Books:
"My expectation is the Fed will wake up to the damage done and reverse course; possibly even launching QE4 in 2016. "As this plays out over the next few months, look for commodity and currency markets to hear the message that the Fed will achieve inflation 'whatever it takes.' "Once that message sinks in," says Jim, "gold will once again shine." — Gold. Gold. Gold. Everybody forgot about sleep. Now it's gold. It rambles on in our thoughts. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 06:33 PM PDT Dear CIGAs, Let’s look at two different topics where we are seeing contradictory "evidence". First up is what’s happening in the gold and silver markets. Never before have I seen sentiment as poor as it is today. Nor have I seen so many negative articles about gold in the various mainstream publications. It has gotten... Read more » The post I Dare You! appeared first on Jim Sinclair's Mineset. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| "Greed Is King" - What We Learned Talking To Chinese Stock Investors Posted: 30 Jul 2015 06:00 PM PDT Authored by J.J. Zhang, originally posted at MarketWatch.com, Though Greece has dominated the news recently, its overall market impact has been surprisingly muted. Instead, the real market mover and shaker for the last couple of months has been China. By now, many are familiar with the facts and numbers of the Shanghai market situation. But recent events have also shed a light on a less well known dynamic — the individual behavioral habits and viewpoints of Chinese market participants. During a short stay in Shanghai a few weeks ago on unrelated business, I had an opportunity to witness the ground zero of the China market frenzy at its peak and its nascent plunge. Chinese retail investors make up 85% of the market, a far cry from the U.S. where retail investors own less than 30% of equities and make up less than 2% of NYSE trading volume for listed firms in 2009. Combined with the highest trading frequencies in the world and one of the lowest educational levels, describing China’s market as immature is an understatement. As many readers know, mental irrationality is often cited as the No. 1 cause of poor returns. Using the opportunity to interview some China market participants, both in Shanghai and elsewhere, here are a few observations of how they think and act — and the potential lessons that await. Bubbles can be surprisingly predictable During the housing bubble run-up and subsequent recriminations, a common excuse was the impossibility of predicting and diagnosing bubbles. However, bubbles can often be characterized by several irrational behaviors and metrics and the recent China bubble is no exception. Almost everyone in the financial industry knew the Shanghai market was in a bubble. Interestingly, from my interviews with everyday participants, they knew it as well, many agreed that the market was crazy and was likely in a bubble. It was not a question of if, but when, the bubble would pop. Chasing bubbles in China isn’t new An interesting counterpoint to the bubble awareness is that, frankly, Chinese participants are used to chasing bubbles. Whether a cultural phenomenon or something else, over the last decade there’s been a continual hopping of investment from one big money-making scheme to the next. Whether it was real estate a decade ago, gold half a decade ago or wealth-management products a few years ago, there’s a continual cycle of money rotation into the “hot” investment, with each failing eventually in some way. It’s simply stock’s turn. As one interviewee said: “The Chinese market is not for investing, it’s for gambling.” Early birds get the worms This goes completely against most prudent and established norms. While the standard advice is to avoid “hot” bubbly assets, in China the experience has actually been to jump in early and fully instead. Many of the bubbles or “hot” investments mentioned earlier have in truth made many of the people I’ve talked to a lot of money. China real estate today is a poor investment but those who got in early doubled or tripled their investments. Similarly with wealth-management products, more people have benefited from their high-interest-rate payouts than have suffered. While the Shanghai market has dropped 20%-30% from its peak a few weeks ago, it still represents a 100% gain from a year ago and a 30% gain over the last 6 months. Those participants who jumped in early are still more than happy. Greed is king Despite recognizing it’s a bubble, almost everyone was still all-in on stocks. Why? Quite simply — greed with a dash of jealously. Seeing constant market gains in the news along with daily sharing and boasting from friends and family getting rich is simply too tempting and thus caution was thrown to the winds. Subsequently, this fueled a massive amount of equity exposure followed by leveraging and margin borrowing to go even more all-in. But fear is the emperor The only emotion more powerful than greed is fear. Almost everyone I talked to was still all-in on stocks but everyone had a foot halfway out the door, ready to bolt at the first sign of trouble. While not uniquely a China problem — market drops are almost always more violent than the initial rise — in China, it’s several times more volatile. Look no further than solar-panel firm Hanergy’s Hong Kong listed stock, which lost 47% in one hour, or the numerous days the Shanghai market rose or dropped by 5% or more. Moral hazard in government rescues is real During the most chaotic moments of the financial crisis, bailout discussions always raised the specter of moral hazard. While it didn’t play a major role in the subsequent U.S. recovery, moral hazard in China is fast becoming a deep problem. Many market participants I talked to said they were confident in the Chinese government to step in eventually to maintain order and prevent mass panic. They know the government’s legitimacy relies heavily on economic progress and fear any contraction. So far, they’ve been right — the government has announced a never-ending stream of interventions over the last few weeks to stem the selloff and panic, with the latest being the implementation of a half-trillion-yuan fund to purchase stock and shore up the market. Of course, the question is: When does a problem become too big for the government to control? Maturity takes time Perhaps the last lesson I took away from my Shanghai experience: Maturity takes time. Just as kids grow from naïve adolescence to rowdy teenage years to eventual maturity, so will China and its market participants. While stocks have been a part of U.S. culture and wealth creation for several generations now, in China this is really the first generation where participants both have the money and the ability to invest in stocks. Perhaps in another generation, after several years of painful lessons and surprising opportunities, it’ll look completely different. * * * [ZH: Just like US investors have learned...
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| The Gold Price Closed at $1,088.40 Down $4.30 Posted: 30 Jul 2015 05:56 PM PDT
But still, the best possible headline for the gold price appeared today: "Prepare for gold prices to plunge as low as $350." Exactly THAT sort of headline is what you want to see for an upward reversal, because it indicates that optimism for gold is historically low, pessimism historically high. You see headlines like that when all the sellers have sold. And how hard did this prediction hit the price of gold? It dropped $4.30 (0.4%), but not even all that drop could be credited to the headline. Got to learn to think contrary to the mob. In today's trading the gold price was driven below $1,092 with a huge fall about 3:00 a.m. Eastern time -- right, while most of the world was closed and the market very thin. It tumbled to $1,082.75, climbed back above $1,086, went sideways until 10:00 a.m., then began to rise, steadily, to $1,095 at 1:00 p.m. Rest of the day it settled back beneath $1,090. Does that wreck my outlook? Partly, and partly not. Gold price left behind a very plain double bottom at $1,082.75. Mayhap I set my boundary a little too high. We'll see tomorrow. Time is working against silver and gold prices. The longer they stay down here, the greater the chance they will fall off again. Silver, I hasten to point out, did not break. It held on just fine above a $14.62 low. US dollar index is back on the radar with a breakout today from its downtrend. Gained 62 basis points to 97.69. Unless it can fly above its last high at 98.31, it is only faking a rally. Euro fell 0.47% to $1.0933, back below its 20 day moving average. That thing couldn't pour a rally out of a boot with directions on the heel. Yen broke down again today, losing 0.17% to 80.54. This pierces the little uptrend line it was working off the early June low. More downside coming. Stocks ran slap out of gas today. Dow lost 5.41 (0.03%) to 17,745.98. S&P500 rose 0.06 to 2,108.63. Dow remains below its 200 DMA. S&P500 has climbed back above its 20 and 50 DMAs. Big obstacle comes about 2,120, the downtrend line from the May high. Even moving higher tomorrow won't change my outlook on stocks. A big plunge is coming. Cataract. Waterfall. Put on your rainsuit. Since I got calls from five (5) people today who misunderstood what I wrote yesterday about swapping US 90% silver coin for bars, I clearly did not write clearly. Please forgive me. Only the US 90% silver coin has a high premium, and therefore can be swapped for 100 ounce bars or one ounce silver rounds for a gain in ounces. Here's what I SHOULD have written: AN UNUSUAL OPPORTUNITY. The wholesale buy side premium on US 90% silver coin has risen so high that you can swap US 90% silver coin for 100 ounce silver bars (or one ounce silver rounds) and realize an 11% to 12.2% gain in silver ounces. Far as I know this is a "like-kind" exchange so not taxable, but ask your own tax daddy because I don't know sic-'em from come-here about no taxes. Be careful about doing this swap with any other dealer but us. I believe we are the only dealer in the country that charges commission on one side of the swap only, to increase your realized gain. You can also swap 90% silver coin for one ounce silver rounds, for a slightly smaller gain. Warning: do not swap ALL of your 90% coin. Keep at least some of it because the higher premium may be a permanent structural change and not a transitory one. In other words, US90% may never get cheaper again. Call to inquire, (888) 218-9226. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2015, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Even Alan Greenspan and Bill Gross are warning of Economic Collapse 2015 Posted: 30 Jul 2015 03:50 PM PDT Examples of impending destruction are piling up as nations find themselves overrun by debt which is the method of control of the bankers. Even Alan Greenspan and Bill Gross are warning of the malfeasance of those who are pulling the strings. The Financial Armageddon Economic Collapse Blog... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Barack Obama did what? Be Ready in September 2015! Posted: 30 Jul 2015 02:04 PM PDT The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 01:43 PM PDT This post The Euro Isn’t Dead appeared first on Daily Reckoning. While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro. In recent years the contest has become a blowout, with the Dollar pummeling the Euro into apparent submission. Based on the turmoil created by the European Debt Crisis and the continuing problems in Greece and other overly indebted southern tier European economies, many investors may have come to assume that Euro boosters will be forced to ultimately throw in the towel and call off the entire experiment, thereby leaving the Dollar completely unchallenged as the champion currency, now and for the foreseeable future. This is a stunning turnaround for a currency that was seen just a few years ago as a credible threat to supplant the dollar as the world’s reserve. Putting aside the fact that there are many important currency relationships besides the euro/dollar axis, economists, journalists, and investors have forgotten the 16-year history of the Euro and how the currency has survived and prospered after many had assumed it might be consigned to the dustbin of history. The Euro was created in 1992 by the Maastricht Treaty (which created the European Union) but did not come into being as an accounting unit (not a physical currency) until January of 1999. In the lead up to its launch, many had argued that the Euro would become the heir to the rock solid Deutsche Mark, the German currency that had risen to preeminence on the back of Germany’s post war resurgence, high savings rate, enviable trade balance, and post-Soviet unification. With German bankers in a firm leadership position in the European Central Bank and the European Union, many had hoped that the new Euro would adopt the virtues of the Mark. As a result, the Euro debuted with a value of 1.18 dollars. But the honeymoon was short-lived. Almost immediately from the point it began freely trading the Euro began to encounter severe headwinds. The Russian debt default and the Asian currency crisis in the late 1990’s caused investors to sell assets in the emerging markets and seek safe havens in the dominant economies. This provided a crucial early test for the Euro. But the new currency failed to attract much of this fast flowing transnational investment flow. On the other hand, the U.S. markets and the U.S. Dollar were beckoning as extremely attractive targets. In the second term of Bill Clinton’s presidency, America, at least on paper, looked very strong. From 1998-2000, based on Bureau of Economic Analysis (BEA) figures, GDP growth averaged 4.4%, which is roughly four times the rate that we have seen since 2008. The expanding economy and the relative spending restraints that had been made by the Clinton Administration and the newly elected Republican Congress resulted in hundreds of billions of annual U.S. government surpluses, the first such black ink in generations. Many economists comically concluded that the surpluses would become permanent (in fact they lasted just a few years). At the same time, U.S. stock markets were notching some of the biggest gains in their history. From the beginning of 1997 to the end of 1999 the Dow Jones surged by approximately 69%. The tech heavy Nasdaq, the epicenter of the “dotcom” bubble, rallied by an eye popping 294%. As a result, international money began pouring into the dollar, taking the wind out of the sails of the newly launched Euro. The stretched valuations that had pushed up U.S. stocks to nosebleed levels failed to dissuade investors from piling in well into the mid-point of 2000. Not only had Wall Street spread the gospel of the new economy, where negative earnings and high debt no longer mattered, but many were convinced that the interventionist tendencies of the Alan Greenspan-led Federal Reserve would protect investors against losses. As a result of these forces, the Euro first fell to below parity against the dollar on January 27, 2000 when it closed at 98.9 U.S. cents, a fall of 16% from its debut. After that psychological barrier was breached, the selling intensified. By May 8, 2000 the Euro traded at just 89.5 U.S. cents, an additional 9% decline in just three months. This prompted news stories like a BBC article entitled “Was the Euro a Mistake?” Top economists and investors began wondering if the new currency would last much longer. The Euro’s reputation was further tarnished in September of 2000 when Danish voters rejected their country’s plans to adopt the Euro. The distaste shown by a small country widely considered squarely in the mainstream of Western European culture was a huge black eye for the Euro experiment. The pessimism sent the currency down another 6% in just one month following the Danish election, reaching what would become an all-time low of just 82.7 U.S. cents on October 25, 2000. At that level the Euro had fallen a full 30% from its debut valuation. It looked like game over. The Euro vs. Dollar was shaping up to be a Bambi vs. Godzilla scenario. By the late 1990’s gold had been in a bear market that had lasted almost 20 years. As a result, investor sentiment for the metal, which had historically been considered a safe haven asset, was at an all-time low. As a result, many Europeans moved into the dollar to seek shelter instead. At that time gold was trading below Euros 300 per ounce (FRED, FRB St. Louis). Those who had exchanged their Euros for Dollars (when the Euro was 83 cents) would have seen those holdings decline by 50% over the following eight years. On the other hand gold nearly doubled in Euro terms over the same time frame. As this article is being written, gold is now trading at 1,000 Euros per ounce (even after the recent big drop) while the Euro hovers around $1.10. So Europeans who bought and held Dollars continuouslywhen the Euro hit its low in 2000 would be down 25%, but those who bought and held gold instead would have seen those holdings triple. (Past performance does not guarantee future results). The bursting of the dotcom bubble in mid-2000 finally caused a decisive break with the investment trends that had predominated in the previous number of years (see my recent article “The Big Picture“). Just as the dotcom wealth began disappearing, taking the U.S. federal budget surpluses with it, the emerging markets began to recover, and the much-maligned Euro started getting some attention. By January 5, 2001 the Euro had hit 95.4 cents, a stunning 15.3% rally in just over two months. And although the Euro zigzagged substantially over the next year and a half (with an early retreat in 2002, causing the Organization for Economic Cooperation and Development (OECD) to wonder whether the Euro was a “Doomed Currency“), by the second half of 2002 the uptrend was firmly in place, with the Euro reaching parity again with the Dollar by July 15, 2002, 30 months after it had fallen below that level. By April 22, 2008 the Euro traded at $1.60 to the Dollar, a price that represented a 36% increase over its debut level and a stunning 93% rally from its October 2000 low. But when the Financial Crisis of 2008 reached full flower in August, September, and October of 2008, investors once again panicked as they had eight years before. In seeking a safe haven, they once again chose the U.S. Dollar (perhaps motivated by the low valuations then assigned to the greenback). As funds began flowing out of the Euro and into the Dollar, the Euro dropped rapidly. By the end of October the Euro only fetched $1.26, a 21% drop from its April high. But when the markets stabilized in 2009 so did the Euro. It essentially traded sideways against the Dollar over the next two years, reaching back to $1.46 by June 6, 2011. When the European debt crisis really started grabbing headlines in 2011, with yields on sovereign debt of the so-called PIIGS nations (Portugal, Italy, Ireland, Greece, and Spain) widening to record territory in comparison to the sovereign bonds of Germany, scrutiny of the Euro came into question once again. The uncertainty over possible bailouts for European banks that were holding potentially toxic government debt was too much uncertainty for the market to handle. The pressure on the Euro was intensified by the slowing Eurozone economy. These forces combined helped to push the Euro down steadily during 2012 and 2013. But the straw that really broke the camel’s back came at the end of 2014 when it became clear that the European Central Bank, under the new leadership of Mario Draghi, would finally succeed in short-circuiting the anti-bailout restrictions of the Maastricht Treaty and outflank the objections of the German financial and political establishment in order to bring full blown Quantitative Easing (QE) to the Eurozone. The QE program essentially involves creating Euros out of thin air in order to buy government debt and hold down long-term interest rates. Expectations about European QE came at a time when most observers concluded that the U.S. economy was finally on track for a strong recovery in 2015 and that the Federal Reserve (which has already showered the United States with almost six full years of QE) had finally done away with the program and would begin raising rates for the first time in almost 10 years. Despite a languishing economy, the U.S. markets had once again delivered stellar returns, with the S&P 500 rising 64% between 2011 and 2014, doing so without ever experiencing a correction of more than 10%. These movements provided a strong rationale for investors to sell Euros and buy Dollars. In the 12 months from May 2014 to May 2015 the Euro fell by about 20%. When it bottomed out at $1.05 on March 11, 2015, the Euro had fallen 34% from its peak seven years earlier. This revived the opinions that the Euro was dead and that the Dollar would be the only real reserve currency for the foreseeable future. But what if the assumptions about a U.S. economic recovery and Fed rate hikes were wrong? Could observers be mistaken now about the trajectory of the Dollar vs. the Euro as they were back in 2000? While some had warned that the dotcom bubble of 2000 could end badly, very few understood how deeply the mania was the root of the economic expansion and how severely the final flameout would threaten the entire economy. Similarly, very few had foreseen the dangers that the housing and mortgage bubble had presented to the wider economy in 2008. The economic and market contractions in 2000 and 2008 might have been much worse if the Fed had not been able to cut interest rates by almost 500 basis points in the face of the crises (no such options are available if the economy contracts today). In other words, complacency can be very dangerous, especially if there is no ammunition to combat a crisis if it arrives unexpectedly . Confidence is the only thing that really undergirds modern fiat currencies. But confidence can be very ephemeral…disappearing as quickly as it arrives. The U.S. Dollar benefits from confidence that the Euro currency may just be unworkable, that the U.S. economy will continue to improve, and that the Fed will raise rates throughout the remainder of 2015 and into 2016. If these expectations are unfulfilled, there could be a Euro reversal. When a trend remains in place for a while, people tend to think it will continue forever. When it reverses, the shock can be widespread. Just as currency speculators over-estimated the strength of the U.S. economy in 2000, I believe they are making the same mistake again today. But the U.S. economy is actually much weaker and more vulnerable now than it was in 2000. If the spell of confidence surrounding the Dollar is broken, it may also reverse the fortunes of other beaten down currencies. This could present a sea change in the global investment landscape for which wise investors should be prepared. Regards, Peter Schiff P.S. This article was originally posted at Euro-Pacific Capital, right here. The post The Euro Isn’t Dead appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Non-Farm Payrolls Next Week - 116:1 and No Fear Posted: 30 Jul 2015 01:29 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| John Stossel -- The Dynamics of Junk Science Explained Posted: 30 Jul 2015 11:30 AM PDT John Stossel - Eating Up Junk Science The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 11:05 AM PDT This post Gold Miners, RIP… appeared first on Daily Reckoning. TORONTO – "This is the worst I've seen in 30 years." The scene was the recent Sprott-Stansberry Natural Resource Symposium in Vancouver. The subject was mining equities. And the opinion was becoming familiar… The price of gold is down by about 8% over the last five years. Precious metals miners, as measured by the Market Vectors Gold Miner’s ETF, are down by about 70% over the same time. Mining execs say banks won't return their calls. Promoters say they are thinking about taking their firms into cloud computing, video games, or Chapter 11. "What do you know about cloud computing?" we ask. "Nothing. But I know gold mining. And I know it's no place to make money." In the broader markets, everything was green yesterday – almost. The Dow was up. Oil was up. Shanghai stocks were up. But gold fell $2.50 in New York to close at $1,096 an ounce. And it's down another $10 in overnight electronic trading. Here at the Diary, we are champions of the down and out. We support diehards and last-ditch campaigns. Partly, it's a romantic and poetic attachment to the underdog. But there's a practical reason, too: There's often money to be made in woebegone assets. We favor Russian and Greek stocks… provided you have a very long time horizon for your investments (and a strong constitution to boot). The Russian and Greek economies are said to be at death's door. Greece is in trouble because it has lived beyond its means for too long and because it creaks under a corrupt and sclerotic bureaucracy. Russia, meanwhile, has been hit by a double whammy. The first came when the price of oil got cut in half from its peak of $108 in July 2014. Roughly half of Russia's tax revenues come from oil exports. Half-price crude oil export prices mean half-full government coffers. That's why Putin just slashed over 100,000 government jobs. The second came when the U.S. and the E.U. came up with a provocative plan to impose economic sanctions for alleged misbehavior in Ukraine. Greece and Russia may be down. But they are unlikely to be out forever. Nor is the mining industry… Unloved. Unbought. Unwanted. Mining is the Greece of investment sectors. Particularly unloved is mining for gold. Market Insight editor Chris Lowe has begun to prepare a weekly internal memo highlighting particularly absurd trends in the popular financial trend. It's soon to be available to lifetime subscribers to The Bill Bonner Letter. But for now, it's circulated exclusively among our analysts and researchers around the world. This week's memo focuses on the intense loathing in the gold market. Reports Chris: As is the norm when the gold price falls, the mainstream press is going through a bout of schadenfreude. The Washington Post, for example, recently ran an article under the headline 'Gold Is Doomed.' Bloomberg says gold is 'a textbook short.' And Jason Zweig in the Wall Street Journal claims gold is nothing more than a 'pet rock.' What to make of all the negative sentiment toward gold in the mainstream press? Chris again: This is exactly the sort of thing that happens during panic selloffs and major lows. In the same way that wildly bullish articles come out at the top, there's an avalanche of bearish commentary as we approach the lows. Also unloved, but definitely not in the pet rock category, is copper. "Copper is the most important metal in the sector," said mining mogul Robert Friedland at the Sprott-Stansberry event on Tuesday. "More important than gold. Because copper is in everything. Houses. Autos. Computers. Much of the Internet functions on copper. So if the price of copper goes down, it tells us that the whole world economy is soft." Here's the Financial Times with more about the global slowdown: The latest World Trade Monitor showed the volume of world trade falling in May by 1.2%. It has slid in four out of five months in 2015 and risen just 1.5% in the past 12 months — less than the growth in global output and far below the long-term average of about 7% a year. The problem has been getting worse for some time. Trade bounced back fairly well in 2010 after the global recession. But it has disappointed ever since, growing by barely 3% in 2012 and 2013. Now it seems the world cannot manage even that. If the global economy is slowing, as the numbers suggest, there is little reason to expect a comeback in copper any time soon. On the other hand, there's no way copper is going to disappear from the world economy. It's essential. And it's intensely cyclical. Prices go up; miners produce more. Prices go down; they cut back until supplies are tight again. So, although the price may be down… copper is not out. And as we explained on Monday, you can count on the Fed – and other major central banks – to exaggerate the commodities cycle with more cheap credit. We doubt gold is out for the count either. Excess debt set off the 2008 global financial crisis. Today, according to McKinsey, there's about $60 trillion more debt in the world than there was back then. It is only a matter of time before today's counterfeit stability gives way to genuine panic. Then the "pet rock" will turn out to be "man's best friend." Regards, Bill Bonner Originally posted at the Diary of a Rogue Economist, right here. Editor's Note: Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing.
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| Ted Butler: Price takers and price makers Posted: 30 Jul 2015 10:28 AM PDT 1:27p ET Thursday, July 30, 2015 Dear Friend of GATA and Gold: Silver market analyst Ted Butler today reiterates his call for tighter position limits among speculators in the futures markets so that paper speculation stops setting commodity prices and is replaced by supply and demand of the actual commodity. Butler's commentary is headlined "Price Takers and Price Makers" and it's posted at 24hGold here -- http://www.24hgold.com/english/news-gold-silver-price-takers-and-price-m... -- and at GoldSeek's companion site, SilverSeek, here: http://www.silverseek.com/commentary/price-takers-and-price-makers-14693 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Direct Ownership and Storage of Precious Metals Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore. Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. Goldbroker.com is listed among GATA's recommended monetary metals dealers: To invest or learn more, please visit: Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TF Metals Report: Heavy silver futures contract deliveries in July Posted: 30 Jul 2015 10:14 AM PDT 1:13p ET Thursday, July 30, 2015 Dear Friend of GATA and Gold: The TF Metals Report's Turd Ferguson writes today that he has never seen Comex silver futures contract deliveries as heavy as they were this month. This may not mean much imminently, he adds, but only demand for real metal will break the price suppression scheme of the futures markets. His commentary is headlined "Wrapping Up July Comex Silver Deliveries" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/7031/wrapping-july-comex-silver-deliv... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Silver Coins and Rounds with Employee Pricing and Free Shipping Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory. Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping. So go to -- -- and type "GATA" in the radio box at the top of the page. Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| As gold price falls, miners pick derivatives to protect income Posted: 30 Jul 2015 09:55 AM PDT By Jan Harvey LONDON -- Gold mining companies are turning increasingly to derivatives to lock in future revenues, as an industry still smarting from losing out on a 12-year bull run gets creative over protecting its income during the metal's current downturn. While miners overall remain wary of hedging -- the outstanding global hedge book stood at just 6.2 million ounces at end March compared with 57.2 million a decade earlier -- those who do favour the strategy are leaning more strongly towards options. Data released this month from Societe Generale and GFMS analysts at Thomson Reuters showed options structures made up 46 percent of the global hedge book by the end of the first quarter of 2015, compared with just 16 percent in the same period a year before and 11 percent in 2013. ... ... For the remainder of the report: http://www.reuters.com/article/2015/07/30/gold-hedging-idUSL5N10945H2015... ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Civil War Is Obama's Endgame For America -- Steve Quayle Posted: 30 Jul 2015 08:53 AM PDT Survivalist expert, author and radio host Steve Quayle also gives his take on border security, the military's Jade Helm exercises and more. We'll also take your calls on today's global transmission. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Alasdair Macleod: China's 1929 moment Posted: 30 Jul 2015 08:43 AM PDT 11:43a ET Thursday, July 30 2015 Dear Friend of GATA and Gold: China's stock market collapse may impede the inclusion of the renminbi in the International Monetary Fund's Special Drawing Rights and push the country toward an upward revaluation of gold, GoldMoney research director Alasdair Macleod writes today. His commentary is headlined "China's 1929 Moment" and it's posted at GoldMoney here: https://www.goldmoney.com/research/analysis/chinas-1929-moment?gmrefcode... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Howling at the moon for a change of trend for gold Posted: 30 Jul 2015 08:16 AM PDT 11:27a ET Thursday, July 30, 2015 Dear Friend of GATA and Gold: With his commentary today, "Gold and the Full Moon" -- http://321gold.com/editorials/moriarty/moriarty073015.html -- 321Gold's Bob Moriarty notes that negative news and commentary about gold have exploded in the mainstream financial news media in recent weeks, and he construes this as such media explosions are often construed: as a contrary indicator, an indicator that a trend has run its course. Moriarty writes: "If you have 100 investors in a room and you ask them where will gold be in six months and 100 percent of them say lower, gold can only go higher." Certainly sentiment in the monetary metals sector is the worst it has ever been. It has been declining steadily for years and well could be worse in the days ahead, as mining companies cease production and even go out of business as the price of their product falls below the cost of production and they fail to inquire about the cause. ... 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 This isn't to pick on Moriarty again; many other gold market observers have been making his point about sentiment as a contrary indicator. But your secretary/treasurer argues that sentiment long has been irrelevant to the monetary metals markets -- at least the sentiment of ordinary investors is irrelevant. For the only sentiment that counts in the monetary metals markets is the sentiment of their biggest participants -- central banks and their agent bullion banks. Good luck getting them in a room, surveying them, and inducing them to give honest answers for publication or broadcast. Of course it will never happen. Central banks run the world and even in nominal democracies they answer to no one. So as a practical matter the most that can be done is to pick through government archives and other official records for the traces of central bank involvement and intentions with gold, as GATA has been doing for 16 years, ascertaining past policies and actions for indications of present and future policies and actions: http://www.gata.org/node/14839 But rather than do such research or concede any legitimacy to the effort, Moriarty today goes on to assert a correlation between reverses in market direction and the appearance of the full moon, and he notes that a full moon is scheduled for tomorrow. As the moon influences the ocean tides, it also may influence other things on Earth, including human moods and psychology. Certainly the moon has gotten pretty good notice over the years; it figures in thousands of songs, poems, photographs, and paintings. But if the moon has much to do with reversals in gold prices, it may be only because lunar cycle tables by agreement have been marked the same way at the Federal Reserve, Treasury Department, Bank for International Settlements, European Central Bank, Banque de France, People's Bank of China, and International Monetary Fund. Of course there have been many full moons in recent years and they have done no good for gold. But Moriarty still could be on to something here, since the intervention of central banks in the gold market lately has been so obvious that they now just might look for cover even in the phases of the moon, confident that mainstream financial journalists and stock touts everywhere will happily seize any rationale for overlooking the central bank interventions that deprive their market analysis of any meaning. CHRIS POWELL, Secretary/Treasurer Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Biggest False Flag This World Will Ever See Is In Motion! Let Me Explain! Posted: 30 Jul 2015 08:07 AM PDT Mark my words it is in Florida and Georgia too why are they holding out this info and leaking it out slowly? Why tell us at all? Because that's the plan have a listen! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Matt Insley: “If It’s Sunny, WE’RE Makin’ Money” Posted: 30 Jul 2015 08:00 AM PDT This post Matt Insley: "If It's Sunny, WE'RE Makin' Money" appeared first on Daily Reckoning. The Solar Sector Is Heating up. Here’s the Proof… George Soros, Steve Cohen, Israel Englander, Leon Cooperman, Michael Platt, Daniel Loeb, James Dinan, Stephen Mandel Jr., Larry Robbins and David Einhorn… That's a list of billionaire fund managers that have a stake in the solar sector. Indeed, the solar sector is continuing to warm up with big money… Warren Buffett earmarked $15 billion for renewables (with a keen eye on solar) — and he said he'd double that investment if he had the opportunity. Elon Musk, the maverick businessman and big thinker behind Tesla and SpaceX, has over $1.1 billion invested. Truly, we've got a chair pulled up to the high-roller table — these aren't small bets, to be sure. Whale investors are plunking big money down on solar. But why the heck would these big bucks be flowing to a solar industry that over the past decade has been known for inefficiencies, bad economics and fraud? Today, I want to show you the math that proves the tide has turned on solar. The opportunity that is staring us in the face today is akin to any other big energy opportunity I've seen… Back in 2009, no one believed the shale oil industry was economic — BUT it was the smart money that did the talking. Soon it was clear American drillers could make a hefty return on those wells that everyone thought were "uneconomic." The rest was history. We saw several years of huge profit opportunities as the shale boom took off. We're seeing the same thing stack up with today's solar industry. There are a lot of naysayers out there. But the smart money is making its move. Better yet, a look underneath the hood shows that solar is no longer a charity case. Today, I'll show you the numbers and you can decide for yourself. Let's put on our sunscreen and get started… "Plug Into the Sun" A few weeks ago, I scorched my boots on the roof of a local solar install. As you know, besides staying up on the news and crunching my own numbers, I like to get up close and personal with what's happening in the field. I went to check out a midsized commercial solar project near our Baltimore office; 14.2 miles and 98 degrees later, I was up on a roof…
Ninety-eight degrees? Let's head up to the roof! The project was impressive. A big office building with a roof the size of, say, a football field. Altogether, there were 728 solar panels installed, with the potential to deliver a total of 225 kilowatts of power.
A 225 kW commercial solar project outside of Baltimore The power runs through a bank of inverters and then connects directly into the grid through a "net meter." Not to be confused with a "smart meter" on your house, a "net meter" is what keeps track of which way the electrons are flowing — so customers can get "paid" for the solar electricity they generate. The company's motto is "Plug Into the Sun" — makes sense to me! From what I heard on-site, business is booming, too. Besides commercial projects like this, residential projects are popping up everywhere. Simply put, today's solar industry is booming. It's making money for small private companies like the one I visited in Maryland as well as the big names. If it's sunny, they're makin' money! OK, I admit I haven't told you anything new so far. I'm sure you knew you could put solar panels on a roof (duh!)… And I'm sure you knew that you get "credit" for the solar power generated (duh!)… There's nothing new there, I agree. The urgent part of this story comes down to two new changes in the math… First, panels are more efficient these days. Today's photovoltaic, or "PV," cells are much more efficient and have the ability to produce much more power than cells from decades past. Second, panels and installation costs are cheaper than they've ever been — and prices are dropping VERY rapidly. When you add up those two simple stats, you get to a seemingly unbelievable conclusion: Solar has the potential to be wildly economic. From my calculation, using numbers from Deutsche Bank and the U.S. EIA — and confirmed by the folks I've talked to in the industry — these solar panels can "break even," or pay for themselves, in seven–eight years. And they'll last anywhere from 20–30 years. That's pretty good, right? But it gets better… First, that doesn't include the 30% tax credit you can grab by installing them — along with any local or state credits. When you add that into the equation, the panels pay for themselves in a little over five years. But it gets better still… Costs of panels and installs are still dropping. By 2017, if the government tax credit is renewed, we could be looking at a payoff in under four years. See the math there? You pay for four years and then you get as much as 26 years of "free" energy. Said another way, these panels are showing a return on investment of anywhere from 4-to-1 to 6-to-1… Solar isn't the inefficient government boondoggle EVERYONE thinks it is. The crowd is wrong here. Knowing that simple fact can make us a lot of money, too. Here's Where We'll Make Our Money… The solar company I spoke with is a local independent company — and their customers pay outright for the solar panels to be installed. If the job is $20,000, the homeowner pays that out of pocket. And the homeowner owns the solar panels and reaps the benefits for 20–30 years. The homeowner can also take advantage of federal and state tax credits (30%-plus). This isn't the case with some "Big Solar" companies in the marketplace. Big Solar companies are utilizing third-party leasing, where they own the solar panels and lease them to customers. This is really heating things up…. "Big Solar" companies are kicking this opportunity into high gear. And as you'd expect from any smart power company, they've got the economics well in their favor. In some cases, these Big Solar companies are locking customers into long-term power purchase agreements (PPAs). Through these deals, the solar company will completely pay for the panel installation, with no cost to the customer. Then the customer gets a lowered energy bill for a set time. How much lower is the bill? Ha! I'm sure the solar power company is controlling those numbers (in their favor). And in some instances, I've heard the savings could almost fully disappear within a few years. Along with that, the savvy Big Solar companies are also taking the renewable tax credits. So when you add it all up, these companies are in a very favorable position. What the Big Solar companies are doing is "brilliant, really" one of the guys mentioned on-site. So What's Next? Well, the way I see it, there's a solar land grab going on right in front of our eyes. Company reps are canvassing neighborhoods across America. Big companies are signing long-term deals with big-box retailers like Wal-Mart and Staples, too. This land rush is going to end well for the companies that scoop up the most solar "acreage" and make the most lucrative binding contracts. Just like in the early days of an oil boom, the smart money is starting to place their bets. Investors like Soros, Einhorn and Buffett are getting in early… and now's the time for you to join them. Keep your boots muddy, Matt Insley P.S. Opportunities this big don't come along often, so please listen up… According to a June report from Bloomberg, "The Way Humans Get Electricity Is About to Change Forever." Virtually not-reported by the mainstream media, this breakthrough has the power to change everything… For a second, close your eyes and imagine what powerful, almost limitless energy could mean for America. Imagine: free Wifi throughout major American cities… cheap travel to exotic vacation spots… lower prices on organic food…cheaper care for loved ones in the hospital or retirement homes… Better still, this new domestic energy source could mean the end of U.S. involvement in the Middle East and may other "energy wars" around the globe… Sound impossible? It's not. Click here to learn more. P.S.S. Ever wonder how you can make a lot of money from oil without owning a well? Or whether or not you should buy gold and silver? Or is fracking just a flash in the pan? Get insight, insider scoops and actionable investment tips twice a week with Daily Resource Hunter? Just click here for a FREE subscription! The post Matt Insley: "If It's Sunny, WE'RE Makin' Money" appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Surprise! Chinese Farmer Loses Life Savings Posted: 30 Jul 2015 06:09 AM PDT Given the remarkable increase in the number of stock trading accounts and soaring margin debt in China over the last year or two, stories such as the one below about a farmer losing his life savings (and then some) should be expected, but, after seeing this man’s distress and learning of the dollar amounts and [...] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CNN Creepy Freemason Dis-Info Propaganda Posted: 30 Jul 2015 05:55 AM PDT This is from around 2009-10, for anyone who missed these little gems. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 30 Jul 2015 05:12 AM PDT MUST READS Fed: Prepare for rate hike in 6 weeks – CNN/Money Alan Greenspan: This is ‘extremely dangerous’ – CNBC China’s Great Short Seller Turns Bullish – Bloomberg Gold Bets Weigh on Paulson and Einhorn – Barron’s Einhorn Punished by Gold as Greenlight Re Drops 16% – Bloomberg Hay for cheese? Barter booms in cash-squeezed rural Greece – Reuters More Millennials Living [...] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threat Of Cyber Warfare the “Other Reason To Own Physical Gold†Warns Rickards Posted: 30 Jul 2015 04:04 AM PDT - “Physical gold is a non-digital asset. You can’t attack it with cyberwarfare” – Rickards - Greek crisis was necessary step towards fiscal unity in Europe - “Euro creators want to force common fiscal control – Eurobonds” - Currency wars between U.S. and China may resume next year - Rickards emphasises importance of holding physical gold - Eschews “paper gold” in the form of ETFs, futures or unallocated storage - Gold insurance against “catastrophic event” … “on the horizon” | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Greece, Diversion, and the New World Order Posted: 30 Jul 2015 03:41 AM PDT Raymond Matison writes:Since 2009, the world has been made acutely aware of Greece’s troubling debt problems. At that time commentators and analysts noted that its debt was too large to be paid off, yet Greece was given a multibillion dollar bailout loan. Soon thereafter another large loan was extended that further increased Greece’s previously acknowledged, unpayable debt level. If Greece was deemed unable to repay its debts of $113 billion in 2009, then six years later with a shriveling economy, capital controls, and the addition of $242 billion in additional debt (or a tripling of its debt), it is clearly even less able to repay such a sum. Even the IMF now suggests that some debt forgiveness has to be considered in order to make its debt repayable. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BMO's Andrew Kaip: The Gold Majors Are Back Posted: 30 Jul 2015 01:00 AM PDT Andrew Kaip, managing director of mining equity research at BMO Capital Markets, does not expect near-term higher prices for gold or silver. However, due to continuing cost cutting and other... Visit the aureport.com for more information and for a free newsletter | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver will decline to $13 levels: Nic Brown Posted: 29 Jul 2015 08:00 PM PDT Silver prices have fallen faster than gold prices in the last one year. Nic Brown, head of commodities research, Natixis, in an email interview discusses the outlook for silver prices with Rajesh Bhayani. Edited excerpts: Do you see silver prices falling further? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dow 5000? Charles Nenner Discusses His Cycle Theory and Predictions for the Market Posted: 29 Jul 2015 05:00 PM PDT Are we on the verge of a massive market collapse and can investors anticipate such an event? In a recent interview with Financial Sense, Charles Nenner, founder and president of Charles Nenner Research Center, discussed his controversial call for the Dow Jones... |
As of late we have witnessed action in the paper derivative market involving (NYSEARCA:
The United States is bankrupt. This is a simple statement of fact. With a relatively puny GDP of (supposedly) $17 trillion; this Deadbeat Debtor already has debts and liabilities 
"If the Fed maintains its kamikaze tight money mantra in the middle of a deflationary currency war," Jim Rickards wrote this week in the Daily Reckoning, "then gold and other commodities could go a bit lower.
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