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Thursday, July 30, 2015

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WGC recommends 6 ways to boost Gold hallmarking in India

Posted: 30 Jul 2015 01:20 PM PDT

Since the introduction of a hallmarking standard in 2000 by the Bureau of Indian Standards (BIS) India has made good progress in developing its hallmarking system.

Lucky You: New Ads of the Future Will Be Beamed Directly into Your Head

Posted: 30 Jul 2015 12:00 PM PDT

Walk down most big city streets and you will be exposed to hundreds of advertising messages.  It’s so pervasive many people pay little conscious attention to the battle for their minds.  But what will happen when the ads are beamed directly into your head?  Sound crazy?  It’s coming.  TruthStream Media’s Melissa Dykes has the story […]

The post Lucky You: New Ads of the Future Will Be Beamed Directly into Your Head appeared first on Silver Doctors.

S&P 500 Holds 200-DMA…For Now

Posted: 30 Jul 2015 11:47 AM PDT

Source: ShortSideofLong

Chart Of The Day: S&P 500 has managed to stay above its 200 day moving average

S&P 500 vs 200 MASource: Short Side Of Long

A lot of technicians have been following the price of S&P 500 very closely in recent days. After a 5 consecutive day decline towards its 200 day moving average, it was make or break for the US equity market. So far so good, as the index managed to stage a 40 point rally (at the time of writing this). After trading above the 200 day MA for 183 out of the last 187 weeks, the question is: does S&P 500 have the legs to carry it towards new record highs or is this a short term bounce? The key to answering that question and future direction of the market lays with market breadth participation. In other words, despite a seven month sideways trading range, there is a lot more going on underneath the surface.

 

The post S&P 500 Holds 200-DMA…For Now appeared first on The Daily Gold.

Gold Attempts To Breach 1086.00 Fibonacci

Posted: 30 Jul 2015 11:00 AM PDT

investing

Bullion Near 5-Year Lows, Driven by Fed Rate-Hike Expectations as Inflation Curbs US GDP Growth

Posted: 30 Jul 2015 10:30 AM PDT

Bullion Vault

Marshall Swing on Those Predicting Gold Would Blastoff in June: “Does Anyone Still Read Those Guys?”

Posted: 30 Jul 2015 10:00 AM PDT

In September 2014, I wrote: “Precious Metals DEPRESSION IS the goal of the bullion banks and their minions heading into 2015 so all precious metals investors everywhere will lose their confidence in the metals and other hard assets, invest in paper stocks, then be raped when the world wide economic collapse takes place in the […]

The post Marshall Swing on Those Predicting Gold Would Blastoff in June: “Does Anyone Still Read Those Guys?” appeared first on Silver Doctors.

4 Mainstream Media Articles Mocking Gold That Should Make You Think

Posted: 30 Jul 2015 09:00 AM PDT

"Pet rock." "Greenhorns in gold (greenhorn means a person who lacks experience and knowledge)." "It is time to call owning gold what it is: an act of faith." "Gold bugs often resemble the subjects of a laboratory experiment on the psychology of cognitive dissonance (this is actually true in many ways)." Forget peak oil, what we have […]

The post 4 Mainstream Media Articles Mocking Gold That Should Make You Think appeared first on Silver Doctors.

Wrapping Up July Comex Silver Deliveries

Posted: 30 Jul 2015 08:24 AM PDT

As we first reported two weeks ago, deliveries of July silver on the Comex were quite unusual. And the rest of the month only served to add to the spectacle.

read more

Top Economic Forecaster Warns: Have Cash On Hand To Survive For Three Months: “No Institution Is Safe”

Posted: 30 Jul 2015 08:00 AM PDT

Significant changes are coming. Should the system buckle we can expect widespread rioting, panic and confusion…   Submitted by Mac Slavo, SHTFPlan: Economic forecaster Martin Armstrong, who is known for having accurately predicted major events like the Savings & Loan crash, the collapse of Japanese financial markets and the destruction of the Russian economy almost […]

The post Top Economic Forecaster Warns: Have Cash On Hand To Survive For Three Months: "No Institution Is Safe" appeared first on Silver Doctors.

Gold Manipulation: It’s Much Bigger Than You Think

Posted: 30 Jul 2015 07:34 AM PDT

The blatant manipulation of the gold market in conjunction with the rabid dissemination of anti-gold rhetoric from both the financial press and Wall Street reeks of desperation – desperation to keep a lid on the one market signal that would undermine the elitists' perpetuation of the U.S. dollar-based systemic Ponzi scheme which enables them to […]

The post Gold Manipulation: It's Much Bigger Than You Think appeared first on Silver Doctors.

3-Year-Old London Child Deemed “Extremist” and Placed in Government Reeducation Program

Posted: 30 Jul 2015 07:00 AM PDT

The United Kingdom has gone batsh*t crazy.  There's simply no other way to put it.   Submitted by Michael Krieger, Liberty Blitzkrieg: I warned about Britain's "war on toddler terrorists" earlier this year in the post: The War on Toddler Terrorists – Britain Wants to Force Nursery School Teachers to Identify "Extremist" Children. Here's an excerpt: […]

The post 3-Year-Old London Child Deemed "Extremist" and Placed in Government Reeducation Program appeared first on Silver Doctors.

Threat Of Cyber War – “Other Reason To Own Physical Gold” – Rickards

Posted: 30 Jul 2015 06:00 AM PDT

gold.ie

How to Read Corporate Presentations

Posted: 30 Jul 2015 04:00 AM PDT

Bullion Vault

Forecasts, forecasts, everywhere

Posted: 30 Jul 2015 02:28 AM PDT

So the gold price drops, so the gold forecasts drop. Some recent calls in order of bearishness:
Towards the end of 2010 I started recording forecasts in a spreadsheet, as I noticed many analysts revised their forecasts frequently in response to moves in the gold price. By 2012 I had given up as it was a lot of work to make one point – that in general analysts were just following or projecting the trend.
 
The chart below shows the forecasts I accumulated from late 2010 to early 2012 (the clustering around July are yearly average forecasts) and I've added in the recent ones above. [read more]
 
Bonus:
 
Some may recognise the influence on the post title. I started to muck around with the original but haven't been able to get too far. Maybe those with more creativity could make some suggestions. Not sure what the Albatross should represent.
 
The Rime of the Ancient Goldbugee
 
It is an ancient Goldbugee,
And he stoppeth one of three.
'By thy long gold beard and glittering eye,
Now wherefore stopp'st thou me?
 
The Hedge Fund's doors are opened wide,
And I've told them I am in;
The punters met, the strategy set:
May'st hear the merry din.'
 
He holds him with his skinny hand,
'There was a newsletter,' quoth he.
'Hold off! unhand me, gold-beard loon!'
Eftsoons his hand dropt he.
 
He holds him with his glittering eye—
The punter he stood still,
And listens like a newbie trader:
The Goldbuggee hath his will.
 
The Punter he sat on a stone:
He cannot choose but hear;
And thus spake on that Goldbugee,
And mumbled in his beer.
 
'My account was cleared and I did cheer,
Merrily did I logon
The trend lines were so obvious,
Nothing could go wrong!
 
Gold came up upon the morn,
Out from the lows came he!
And he shone bright, and by the night
I had traded profitably.
 
Higher and higher every day,
Till at the peak in eighty-'
The Punter then he beat his breast,
I lose the whole lot matey.
 
The Fund hath opened its doors,
Red as a rose is she;
Nodding their heads before her goes
The merry advisory.
 
The Punter he beat his breast,
Yet he cannot choose but hear;
And thus spake on that ancient man,
The bright-eyed Goldbugee.
 
And now the BEAR-MARKET came, and he
Was tyrannous and strong:
He struck with his o'ertaking wings,
And chased us south along.
 
With sloping masts and dipping prow,
As who pursued with yell and blow
Still treads the shadow of his foe,
And forward bends his head,
The ship drove fast, loud roared the blast,
And southward aye we fled.
 
And now there came both mist and snow,
And it grew wondrous cold:
And bears, giant-high, came thundering by,
As brown as ??.
 
And through lines the poor chart signs
Did send a dismal sheen:
No bullish shapes did we ken—
The bear was all around.
 
The bear was here, the bear was there,
The bear was all around:
It cracked and growled, and roared and howled,
Like noises in a swound!

Silver Forecast July 30, 2015, Technical Analysis

Posted: 30 Jul 2015 01:10 AM PDT

fxempire

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...

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Gold and Crude Oil Still Range-Bound as SPX 500 Recovers

Posted: 30 Jul 2015 01:00 AM PDT

dailyfx

Gold Prices July 30, 2015, Technical Analysis

Posted: 30 Jul 2015 12:00 AM PDT

fxempire

Gold Continues to Tread Water at Depressed Levels

Posted: 30 Jul 2015 12:00 AM PDT

cfdtrading

Gold Trapped Between 1086.00 And 1100.00

Posted: 29 Jul 2015 11:55 PM PDT

investing

More Ritholtz on Gold, and Another Response

Posted: 29 Jul 2015 07:01 PM PDT

Biwii

4 Things That Indicate That A Deflationary Financial Collapse Is Imminent

Posted: 29 Jul 2015 05:00 PM PDT

Instead of the hyperinflationary crisis that so many have warned about, what we are about to experience is a collapse in asset prices, a massive credit crunch and a brief period of absolutely crippling deflation.  The response by national governments and global central banks to this horrific financial crisis will cause tremendous inflation down the […]

The post 4 Things That Indicate That A Deflationary Financial Collapse Is Imminent appeared first on Silver Doctors.

The South American Financial Crisis Of 2015

Posted: 29 Jul 2015 04:06 PM PDT

South America - Public DomainMost nations in South America are either already experiencing an economic recession or are right on the verge of one.  In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar.  During the boom times in South America, governments and businesses loaded up on tremendous amounts of debt.  Since much of that debt was denominated in U.S. dollars, South American borrowers are now finding that it takes much more of their own local currencies to service and pay back those debts.  At the same time, there is much less demand for commodities being produced by South American nations in the international marketplace.  As a result, South America is heading into a full-blown financial crisis which will cause years of pain for the entire continent.

If you know your financial history, then you know that we have seen this exact same scenario play out before in various parts of the world.  The following comes from a recent CNN article

The dollar’s gains should make history nerds shake in their boots. Its rally in the early 1980s helped trigger Latin America’s debt crisis. Fifteen years later, the greenback surged quickly again, causing Southeast Asian economies, such as Thailand, to collapse after a run on the banks ensued.

In particular, what is going on right now is so similar to what took place back in the early 1980s.  At that time, Latin American governments were swimming in debt, the U.S. dollar was surging and commodity prices were falling.  The conditions were perfect for a debt crisis in Latin America, and that is precisely what happened

When the world economy went into recession in the 1970s and 80s, and oil prices skyrocketed, it created a breaking point for most countries in the region. Developing countries also found themselves in a desperate liquidity crunch. Petroleum exporting countries – flush with cash after the oil price increases of 1973-74 – invested their money with international banks, which ‘recycled’ a major portion of the capital as loans to Latin American governments. The sharp increase in oil prices caused many countries to search out more loans to cover the high prices, and even oil producing countries wanted to use the opportunity to develop further. These oil producers believed that the high prices would remain and would allow them to pay off their additional debt.

As interest rates increased in the United States of America and in Europe in 1979, debt payments also increased, making it harder for borrowing countries to pay back their debts. Deterioration in the exchange rate with the US dollar meant that Latin American governments ended up owing tremendous quantities of their national currencies, as well as losing purchasing power. The contraction of world trade in 1981 caused the prices of primary resources (Latin America’s largest export) to fall.

Sadly, the same mistakes have been repeated once again.  In recent years South American nations have loaded up on vast amounts of debt, and now that commodity prices are tanking and the U.S. dollar is surging, all of that debt is creating tremendous headaches.

For instance, just consider what is happening in Brazil

Brazil’s real plummeted to a 12-year low of 3.34 to the dollar, reflecting the country’s heavy reliance on exports of iron ore and other raw materials to China.

The devaluation tightens the noose on Brazilian companies saddled with $188bn in dollar debt taken out during the glory days of the commodity boom. The oil group Petrobras alone raised $52bn on the US bond markets.

Today, Brazil has the 7th largest economy on the entire planet.

So a major financial crisis in Brazil would be extremely significant.

And that is precisely what is starting to happen.  It is being projected that Brazilian government debt will soon be reduced to junk status, Brazilian stocks have already entered “correction territory“, and economic forecasters say that the Brazilian economy is heading into its worst recession in at least 25 years

Brazil needs to brace itself for some very tough times. Brazilian banks are currently forecasting another economic contraction for the South American country in 2016, marking the first time that Brazil's economy has shrunk in two consecutive years since the Great Depression.

Last Friday, economist Nelson Teixeira of Switzerland-based financial services holding company Credit Suisse released a revision of his already dour forecast for the Brazilian GDP, moving this year's numbers from -1.8 percent to -2.4 percent.

The IMF is also projecting that 2015 will be a year of recession for the second largest economy in South America (Argentina) and the third largest economy in South America (Venezuela).

And actually Venezuela is in the deepest trouble of all.  According to a recent Bloomberg article, it appears to be inevitable that there will be a debt default by the Venezuelan government in the very near future…

Harvard University Professor Ricardo Hausmann last year questioned Venezuela's decision to keep paying bondholders as the country sank deeper into crisis and suggested it stop honoring the debt.

Now, he's saying Venezuela will have no choice but to default next year.

Hausmann's comments come as a deepening collapse in oil prices and a shortage of dollars stoke concern Venezuela is fast running out of money to stay current on debt. The country's bonds plunged last year after Hausmann, who served as Venezuelan planning minister after Hugo Chavez's failed 1992 coup, raised the specter of default, saying he found "no moral grounds" for the government to pay debt at a time when Venezuelans were facing shortages of everything from basic medicine to toilet paper.

The inflation rate in Venezuela today is an astounding 68.5 percent, and the country is plunging into full-blown economic collapse.  The following comes from Zero Hedge

As we recently warned, the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

Here is the video that was mentioned in the excerpt above.  As you watch this, please keep in mind that the United States is on the exact same path that Venezuela has gone down…

Economic chaos is beginning to erupt all over the planet, and the depression that we are entering into will truly be global in scope.

For the moment, many in the United States still believe that what is going on in the rest of the world will not affect us.  But the truth is that we are also right on the verge of a major financial crisis, and it is going to be even worse than what we experienced back in 2008.

So what do you think about what is going on down in South America?

Please feel free to add to the discussion by posting a comment below…

Harvey Organ: Gold Enters Backwardation!

Posted: 29 Jul 2015 04:05 PM PDT

The LBMA gold is witnessing a 7.40 premium spot/next nearby month as gold is now in backwardation: Good evening Ladies and Gentlemen:   We are entering options expiry week.   LMBA options expiry:  noon London time July 31.2015 OTC options expiry: midnight July 31.2015       Here are the following closes for gold and […]

The post Harvey Organ: Gold Enters Backwardation! appeared first on Silver Doctors.

What’s your weight worth in silver?

Posted: 29 Jul 2015 03:00 PM PDT

Perth Mint Blog

Gold’s Two Stories: Paper Markets Collapse… While The Retail Public Buys At A Record Pace

Posted: 29 Jul 2015 02:00 PM PDT

Though past performance is not necessarily an indicator of future results, we have over 6,000 years of history backing gold's legitimacy as a true mechanism of exchange.   Submitted by Mac Slavo, SHTFPlan: We've seen some significant swings in precious metals over the last several years and if we are to believe the paper spot prices […]

The post Gold's Two Stories: Paper Markets Collapse… While The Retail Public Buys At A Record Pace appeared first on Silver Doctors.

This idyllic valley in Switzerland could soon change the world…

Posted: 29 Jul 2015 01:00 PM PDT

Welcome to "Crypto Valley", the future of finance…   Submitted by Simon Black, Sovereign Man: I'm sitting here on a park bench with my friend and colleague Johann Gevers overlooking an absolutely serene lake in Zug, Switzerland. With the elegant and imposing mountains behind, it's as quintessentially Swiss as you can get. Johann is the founder […]

The post This idyllic valley in Switzerland could soon change the world… appeared first on Silver Doctors.

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