Gold World News Flash |
- Mmm… cheese enchilada!
- Life is Hard
- Paul Craig Roberts: A Prescription For Peace & Prosperity
- Economic Collapse 2015 -- US Government Puts Pressure On IMF To Delay Decision Of Yuan As Reserve Currency
- Gold Leasing Rates Suggest Tightness in the New York Physical Markets
- 'UNPRECEDENTED' Events on Earth 2015: Unusual Weather & Prophetic Events...
- 9 Charts Prove Financial Crisis Part 2 Has BEGUN!
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- Top 10 Market Indicators of Economic Development
- Unprecedented backwardation in gold, Turk tells USAWatchdog
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- Faced With “Significant Deterioration,” Fed Begins Its Rate Hike Walk-Back
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- Will Cheap Oil Collapse the Market? Here’s the Answer…
| Posted: 05 Aug 2015 10:30 PM PDT by Kevin Scott King, Truth Shock:
Study of the psychopath… do they really have no emotions? Or are they deeply repressed? A lack of emotions would indicate a spiritual absence… which is impossible? Spiritual vacuum? Is the psychopath one whose Superego completely dominates the Ego? That the Id has no voice? Is the psychopath always… Nexus point… the convergence of multiple threads into one time/location. That is where we are at today. A worldwide systemic nexus point.
If you control the media then you control 'reality', for the controllers of media 'create' reality… also called 'Culture Creation'. Energy – use to mean the output of humans or beasts of burden…, and for most of human history this was the case. Until the harnessing of steam… a critical element of the Industrial Revolution. Today energy equals coal and oil and gas. Hegelian Dialect – problem, reaction, solution – rights removed under 'state of emergency', so need a major emergency to violate rights… best way to guarantee and control an emergency… is to create one. suicide bomber = the epitome of brainwashing, there is no stronger compulsion than that to live, so to convince another living being that suicide is the best course is the ultimate mind control, whether it be direct or indirect A massive change is needed… and the coming crash/collapse will provide the vehicle to enact said change. The question is will humankind change for the better… or for the worse? People moving away from mainstream media news does not automatically = them going to alternative media. I suspect the majority are simply tuning out of the news altogether. The difference between intellectual and emotional deception. What is the significance of people being unable to correctly identify when another person is flirting? Many flavors of illusions… Revolution means…. going in circles, which is exactly why humankind never progresses War is always about wealth and control 10 years ago there was no push or campaign (propaganda) for flu vaccination. None. No commercials, no signs at Walgreens or CVS, no articles in the news. So what happen? Do you recall massive deadly seasonal flu outbreaks at 'any' point in past 20 years? Nor do I. So then this propaganda campaign for flu vaccination was created to drive demand for flu shots (profit motive)… yes, but there is a deeper agenda. Throwing in the Avian bird flu and swine flu – outbreaks and subsequent created hysteria. A climate of pro vaccination has been built to lead up to forced vaccinations for everyone. If something is truly good for you, no one should EVER have to FORCE it upon you. It's all about control. Read More @ Truthshock.wordpress.com photo: pathocracy.net |
| Posted: 05 Aug 2015 10:00 PM PDT by Andrew Hoffman, Miles Franklin:
Let's face it, some people are lucky enough to be charged with investing other people's money in markets which, whether they know it or not (usually not), the government spends all day supporting, both overtly and covertly. |
| Paul Craig Roberts: A Prescription For Peace & Prosperity Posted: 05 Aug 2015 07:20 PM PDT Submitted by Paul Craig Roberts, The question is often asked: “What can we do?” Here is a prescription for peace and prosperity. We will begin with prosperity, because prosperity can contribute to peace. Sometimes governments begin wars in order to distract from unpromising economic prospects, and internal political stability can also be dependent on prosperity. The Road to Prosperity For the United States to return to a prosperous road, the middle class must be restored and the ladders of upward mobility put back in place. The middle class served domestic political stability by being a buffer between rich and poor. Ladders of upward mobility are a relief valve that permit determined folk to rise from poverty to success. Rising incomes throughout society provide the consumer demand that drives an economy. This is the way the US economy worked in the post-WWII period. To reestablish the middle class the offshored jobs have to be brought home, monopolies broken up, regulation restored, and the central bank put under accountable control or abolished. Jobs offshoring enriched owners and managers of capital at the expense of the middle class. Well paid manufacturing and industrial workers lost their livelihoods as did university graduates trained for tradable professional service jobs such as software engineering and information technology. No comparable wages and salaries could be found in the economy where the remaining jobs consist of domestic service employment, such as retail clerks, hospital orderlies, waitresses and bartenders. The current income loss is compounded by the loss of medical benefits and private pensions that supplemented Social Security retirement. Thus, jobs offshoring reduced both current and future consumer income. America’s middle class jobs can be brought home by changing the way corporations are taxed. Corporate income could be taxed on the basis of whether corporations add value to their product sold in US markets domestically or offshore. Domestic production would have a lower tax rate. Offshored production would be taxed at a higher rate. The tax rate could be set to cancel out the cost savings of producing offshore. Under long-term attack by free market economists, the Sherman Antitrust Act has become a dead-letter law. Free market economists argue that markets are self-correcting and that anti-monopoly legislation is unnecessary and serves mainly to protect inefficiency. A large array of traditionally small business activities have been monopolized by franchises and “big box” stores. Family owned auto parts stores, hardware stores, restaurants, men’s clothing stores, and dress shops, have been crowded out. Walmart’s destructive impact on Main Street businesses is legendary. National corporations have pushed local businesses into the trash bin. Monopoly has more than economic effect. When six mega-media companies have control of 90 percent of the American media, a dispersed and independent press no longer exists. Yet, democracy itself relies on media helping to hold government to account. The purpose of the First Amendment is to control the government, but today media serves as a propaganda ministry for government. Americans received better and less expensive communication services when AT&T was a regulated monopoly. Free trade in communications has resulted in the creation of many unregulated local monopolies with poor service and high charges. AT&T’s stability made the stock a “blue-chip” ideal for “widow and orphan” trust funds, pensions, and wealth preservation. No such risk free stock exists today. Monopoly was given a huge boost by financial deregulation. Federal Reserve chairman Alan Greenspan’s claim that “markets are self-regulating” and that government regulation is harmful was blown to pieces by the financial crisis of 2007-2008. Deregulation not only allowed banks to escape from prudent behavior but also allowed such concentration that America now has “banks too big to fail.” One of capitalism’s virtues and justifications is that inefficient enterprises fail and go out of business. Instead, we have banks that must be kept afloat with public or Federal Reserve subsidies. Clearly, one result of financial deregulation has been to protect the large banks from the operation of capitalism. The irony that freeing banks from regulation resulted in the destruction of capitalism is lost on free market economists. The cost of the Federal Reserve’s support for the banks too big to fail with zero and negative real interest rates has been devastating for savers and retirees. Americans have received no interest on their savings for seven years. To make ends meet, they have had to consume their savings. Moreover, the Federal Reserve’s policy has artificially driven up the stock market with the liquidity that the Federal Reserve has created and also caused a similar bubble in the bond market. The high prices of bonds are inconsistent with the buildup in debt and the money printed in order to keep the debt afloat. The dollar’s value itself depends on quantitative easing in Japan and the EU. In order to restore financial stability, an obvious precondition for prosperity, the large banks must be broken up and the distinction between investment and commercial banks restored. Since the Clinton regime, the majority of the Treasury secretaries have been top executives of the troubled large banks, and they have used their public position to benefit their banks and not the US economy. Additionally, executives of the large banks comprise the board of the New York Fed, the principal operating arm of the Federal Reserve. Consequently, a few large banks control US financial policy. This conspiracy must be broken up and the Federal Reserve made accountable or abolished. This requires getting money out of politics. The ability of a few powerful private interest groups to control election outcomes with their campaign contributions is anathema to democracy. A year ago the Republican Supreme Court ruled that the rich have a constitutional right to purchase the government with political campaign contributions in order to serve their selfish interests. These are the same Republican justices who apparently see no constitutional right to habeas corpus and, thus, have not prohibited indefinite detention of US citizens. These are the same Republican justices who apparently see no constitutional prohibition against self-incrimination and, thus, have tolerated torture. These are the same Republican justices who have abandoned due process and permit the US government to assassinate US citizens. To remove the control of money over political life would likely require a revolution. Unless prosperity is to be only for the One Percent, the Supreme Court’s assault on democracy must be overturned. The Road to Peace is Difficult To regain peace is even more difficult than to regain prosperity. As prosperity can be a precondition for peace, peace requires both changes in the economy and in foreign policy. To regain peace is especially challenging, not because Americans are threatened by Muslim terrorists, domestic extremists, and Russians. These “threats” are hoaxes orchestrated in behalf of special interests. “Security threats” provide more profit and more power for the military/security complex. The fabricated “war on terror” has been underway for 14 years and has succeeded in creating even more “terror” that must be combated with enormous expenditures of money. Apparently, Republicans intend that monies paid in Social Security and Medicare payroll taxes be redirected to the military/security complex. The promised three-week “cakewalk” in Iraq has become a 14 year defeat with the radical Islamic State controlling half of Iraq and Syria. Islamist resistance to Western domination has spread into Africa and Yemen, and Saudi Arabia, Jordan, and the oil emirates are ripe fruit ready to fall. Having let the genie out of the bottle in the Middle East, Washington has turned to conflict with Russia and by extension to China. This is a big bite for a government that has not been able to defeat the Taliban in Afghanistan after 14 years. Russia is not a country accustomed to defeat. Moreover, Russia has massive nuclear forces and massive territory into which to absorb any US/NATO invasion. Picking a fight with a well-armed country with by far the largest land mass of any country shows a lack of elementary strategic sense. But that is what Washington is doing. Washington is picking a fight with Russia, because Washington is committed to the neoconservative doctrine that History has chosen Washington to exercise hegemony over the world. The US is the “exceptional and indispensable” country, the Uni-power chosen to impose Washington’s will on the world. This ideology governs US foreign policy and requires war in its defense. In the 1990s Paul Wolfowitz enshrined the Wolfowitz Doctrine into US military and foreign policy. In its most bold form, the Doctrine states: “Our first objective is to prevent the re-emergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on the order of that posed formerly by the Soviet Union. This is a dominant consideration underlying the new regional defense strategy and requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power.” As a former member of the original Cold War Committee on the Present Danger, I can explain what these words mean. The “threat posed formerly by the Soviet Union” was the ability of the Soviet Union to block unilateral US action in some parts of the world. The Soviet Union was a constraint on US unilateral action, not everywhere but in some places. This constraint on Washington’s will is regarded as a threat. A “hostile power” is a country with an independent foreign policy, such as the BRICS (Brazil, Russia, India, China, and South Africa) have proclaimed. Iran, Bolivia, Ecuador, Venezuela, Argentina, Cuba, and North Korea have also proclaimed an independent foreign policy. This is too much independence for Washington to stomach. As Russian President Vladimir Putin recently stated, “Washington doesn’t want partners. Washington wants vassals.” The Wolfowitz doctrine requires Washington to dispense with governments that do not acquiesce to Washington’s will. It is a “first objective.” The collapse of the Soviet Union resulted in Boris Yeltsin becoming president of a dismembered Russia. Yeltsin was a compliant US puppet. Washington became accustomed to its new vassal and absorbed itself in its Middle Eastern wars, expecting Vladimir Putin to continue Russia’s vassalage. However at the 43rd Munich Conference on Security Policy, Putin said: “I consider that the unipolar model is not only unacceptable but also impossible in today’s world.” Putin went on to say: “We are seeing a greater and greater disdain for the basic principles of international law. And independent legal norms are, as a matter of fact, coming increasingly closer to one state’s legal system. One state and, of course, first and foremost the United States, has overstepped its national borders in every way. This is visible in the economic, political, cultural and educational policies it imposes on other nations. Well, who likes this? Who is happy about this?” When Putin issued this fundamental challenge to US Uni-power, Washington was preoccupied with its lack of success with its invasions of Afghanistan and Iraq. Mission was not accomplished. By 2014 it had entered the thick skulls of our rulers in Washington that while Washington was blowing up weddings, funerals, village elders, and children’s soccer games in the Middle East, Russia had achieved independence from Washington’s control and presented itself as a formidable challenge to Washington’s Uni-power. Putin and Russia have had enough of Washington’s arrogance. The unmistakable rise of Russia refocused Washington from the Middle East to Russia’s vulnerabilities. Ukraine, long a constituent part of Russia and subsequently the Soviet Union, was split off from Russia in the wake of the Soviet collapse by Washington’s maneuvering. In 2004 Washington had tried to capture Ukraine in the Orange Revolution, which failed to deliver Ukraine into Washington’s hands. Consequently, according to Assistant Secretary of State Victoria Nuland, Washington spent $5 billion over the following decade developing NGOs that could be called into the streets of Kiev and in developing political leaders who represented Washington’s interests. Washington launched its coup in February 2014 with orchestrated “demonstrations” that with the addition of violence resulted in the overthrow and flight of the elected democratic government of Victor Yanukovych. In other words, Washington destroyed democracy in a new country with a coup before democracy could take root. Ukrainian democracy meant nothing to Washington intent on seizing Ukraine in order to present Russia with a security problem and also to justify sanctions against “Russian aggression” in order to break up Russia’s growing economic and political relationships with Europe. Having launched on this reckless and irresponsible attack on a nuclear power, can Washington eat crow and back off? Would the neoconservative-controlled mass media permit that? The Russian government, backed 89% by the Russian people, have made it clear that Russia rejects vassalage status as the price of being part of the West. The implication of the Wolfowitz Doctrine is that Russia must be destroyed. This implies our own destruction. What can be done to restore peace? Obviously, the EU must abandon NATO and declare that Washington is a greater threat than Russia. Without NATO Washington has no cover for its aggression and no military bases with which to surround Russia. It is Washington, not Russia, that has an ideology of “uber alles.” Obama endorsed the neoconservative claim that “America is the exceptional country.” Putin has made no such claim for Russia. Putin’s response to Obama’s claim is that “God created us equal.” In order to restore peace, the neoconservatives must be removed from foreign policy positions in the government and media. This means that Victoria Nuland must be removed as Assistant Secretary of State, that Susan Rice must be removed as National Security Adviser, that Samantha Power must be removed as US UN ambassador. The warmonger neoconservatives must be removed from Fox ‘News,’ CNN, the New York Times, Washington Post, and Wall Street Journal, and in their places independent voices must replace propagandists for war. Clearly, none of this is going to happen, but it must if we are to escape armageddon. The prescription for peace and prosperity is sound. The question is: Can we implement it? |
| Posted: 05 Aug 2015 06:30 PM PDT Eurozone retail sales decline, 19 countries that use the Euro declined. ADP job numbers tumble which signals a recession/depression. The FED says there is no inflation but its showing up everywhere. Financial experts are continually giving warnings that we are approaching a total collapse. US... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold Leasing Rates Suggest Tightness in the New York Physical Markets Posted: 05 Aug 2015 03:32 PM PDT |
| 'UNPRECEDENTED' Events on Earth 2015: Unusual Weather & Prophetic Events... Posted: 05 Aug 2015 03:30 PM PDT May 2015 Shocking Events in just the past week something BIG is about to take place earthquakes in 24 hours across America Los Angeles prophecy has now begun end times something is going on the big event The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| 9 Charts Prove Financial Crisis Part 2 Has BEGUN! Posted: 05 Aug 2015 03:00 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! ]]  |
| Oh LOOK: Another Theater shooting in Tennessee! Posted: 05 Aug 2015 02:35 PM PDT It's all about fear porn and getting the guns. I'd bet money the legislation is all ready written. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Top 10 Market Indicators of Economic Development Posted: 05 Aug 2015 01:56 PM PDT This post Top 10 Market Indicators of Economic Development appeared first on Daily Reckoning. "In the hands of economists" suggests our co-founder, Bill Bonner, in Hormegeddon, "the more precise the number, the bigger the lie." With that maxim in tow, you'll find the 10 most important indicators of economic development below. But first, a few more grains of salt to take with you… and some context… "Fraudulent numbers and empty statistics" explains Bill, "build a whole, elaborate tower of hollow, meaningless facts and indicators: the unemployment rate, consumer price inflation, the GDP. "None are 'hard' numbers, yet the economist uses them as a rogue policeman uses his billy club…to beat up on honest citizens. "Unlike a real, hard science, you can never prove economic hypotheses wrong. There are too many variables, including the most varied variable of all — man. He will do one thing sometimes, another thing the next time, then something else the time after that. Sometimes he seems to respond to economic incentives. Sometimes he's out to lunch. Why? Because every man is different. Unique. Infinitely complex. And thus, ultimately unknowable." And yet, we still encourage you to follow along with the mainstream data, if only begrudgingly. Why? Because, as Jim Rickards often tells us, whether or not you buy into the statistics is irrelevant. "The question" says Jim, "is, does Janet Yellen buy into them? Once you know what she thinks, you can figure out what she'll do next." Grumble over the price of grass-fed beef, if you must… Grind your teeth when you hear the unemployment rate dropped again… Scratch your head when you hear that the money supply expanded by 1%… But realize that Yellen and Co. are eggheads who impact your life using these numbers. That alone is reason enough to keep tabs on what's happening. With that, read on for the Daily Reckoning's top ten economic indicators… 1. GDP Gross Domestic Product, or GDP, is the total market value of all goods and services produced by a country in a specific time period, typically a year. This includes earnings from foreign investments. There is something called "real" GDP which broadly measures the wealth of a society by figuring out how fast profits might grow, and the expected return on capital. It's labeled "real" because it's a comprehensive way to gauge the economic well-being of a nation's economy. Every year the data must be adjusted to account for changes in prices from year to year. Getting down to brass tacks, you can use this equation to calculate GDP: GDP = Consumption + Government Expenditures + Investment + Exports – Imports So let's break that down a bit. Consumption includes things like durable goods – items expected to last more than three years, like cars, electronics, and toys – and nondurable goods like food and clothing. Government expenditures is a fancy term for things like roads, schools, and defense. Investment spending is divided into nonresidential (equipment, plants) and residential (single or multi-family homes), as well as business inventories. Net exports means exports that are added to GDP, and imports that are deducted from GDP. But there's a small problem with deception when it comes to GDP. In a 2012 The Daily Reckoning article, Bill Bonner discussed some of the pitfalls of relying on GDP information: The guy who drives out to the neighborhood bar, spends all night drinking, and then drives back home…stimulates GDP. Better yet, he crashes his car on the way home. Then, he is a real hero to the economy. He has to buy another car. The poor sap who stays at home is a drag on growth. The fellow who goes to McDonald's night after night rather than cooking his own burgers…the fellow who leaves his window open with the air-conditioning running…the fellow who hires a lawn service company rather than cutting his own grass…the man who borrows money to finance a house or a vacation — all of them add to the GDP. The guy who plants his own garden…who cuts his own firewood…who fixes his own roof — he is a traitor to the economy. He needs to get another job…borrow money…burn more gasoline…to buy more stuff…! The trouble with GDP growth is that it only tells you how fast the wheels are spinning. It doesn't tell you if you're getting anywhere. Although it has a reputation for being pretty bogus, GDP matters and you need to keep your eye on it. Not only does the Federal Reserve use this data to adjust monetary policy, if the GDP declines for two quarters in a row, or more, that means the economy is in a recession. But, like I mentioned, there is usually more behind the smoke-and-mirrors numbers of GDP. Officially, the numbers may say tell one story, but in reality, a lot of us are looking around and thinking, What gives? Our friend John Williams' Shadow Statis shows an alternate GDP chart, which reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes. Take a look at how the two stats differ:
A blind man could see those numbers are a little fishy. We've said it before and we'll say it again, there's more to these numbers than meets the eye, or ear, or whatever part of you is consuming doctored, mainstream information. The data is released quarterly by the U.S. Department of Commerce's Bureau of Economic Analysis within the last week to 10 days of each month at the end of the quarter, including an explanation of why the GDP went up or down compared to the previous quarter. 2. Money Supply Money supply is a representation of the total amount of money a country has in circulation. M2 is slightly more specific. Different groups of numbers show different subsets of money, based on how liquid they are, or how easily you can sell them. M0 is just the dollar value of physical cash and coin, which is the most liquid. M1 includes all of M0, as well as checking accounts, traveler’s checks and demand deposits. M2 includes the dollar value of all of M1 in addition to savings accounts, time deposits of less than $100,000 (like certificates of deposit), and money market funds held by investors. This includes:
Out of all the indicators of economic development, money supply seems like the most laughable. Surely that number should never be trusted as accurate. Everyone knows the Fed is printing and pumping so much fiat currency into the economy that trusting money supply numbers would be like believing the world is flat. The Fed uses this data to assess current economic and financial conditions, and to help decide when or how to change interest rates and, ultimately, monetary policy, to either bolster or reduce the money supply. Money supply is one of the major ways the Fed controls the economy, and, in our opinion, one of their biggest blunders. Here at The DR, we like to use the punch bowl analogy: The economy is one big party, and the money supply is the punch bowl. The Fed are the hosts, or chaperones, depending on how you look at it. It's the Fed's job to put out the punch bowl to get the party going, and to take it away just before everyone gets totally sloshed. But the Fed stinks when it comes to timing, and that never happens. The party is either pathetically lame, or everyone is wasted and the place is completely trashed. Usually it's the latter, and that, dear readers, is how the cycle of booms and busts continue. In Financial Reckoning Day Fallout, Addison and Bill explain that, "For the past 15 years, the US money supply has grown about twice as fast as GDP. Federal government liabilities, meanwhile, have grown three times as fast. As a result, the US now has more financial obligations than assets." That was in 2009, and you can only imagine how much worse it's gotten since then. Actually, some economists believe that money supply data has fallen out of sync with other economic indicators, and the relevancy of the information has been fading for about two decades after a wave of changes, like introducing new depository products, the internationalization of the economy, and the movement of consumer funds from bank deposits to investment accounts. And, you know, that little counterfeiting habit the Fed can't seem to kick. With money supply, you're typically better off paying attention to the longer-term trends, particularly at the six month mark. Keep in mind, however, that changes in the money supply rarely move the markets in the short term. The data is released on Thursdays (weekly) and on either the second or third week of the month by the Board of Governors of the Federal Reserve System. Monthly data is available all the way back to January 1959, and weekly information since January 1975. 3. CPI Consumer Price Index, or CPI, measures changes in consumer prices, or the retail prices paid for about 80,000 specific goods and services (called the market basket) by urban consumers for a specific month. It acts as a sort of gauge of the inflation rate related to purchasing those goods and services. Think of it as a measure of the changes in one individual's cost of living, not every single item a person buys. Give this Inflation Calculator a try to see what we mean. According to the Bureau of Labor Statistics, $100 in April of 2015 was worth $99.80. But the real number, according to ShadowStats, is really $107.38. That's right! Your Benjamin was worth more in 1995 than it's worth today. CPI instead takes a sampling of about 200 subcategories worth of goods and services, which are then divided into eight major categories. These categories are updated every couple of years to eliminate items that are now obsolete:
It seems mind-boggling to comprehend how this information would even be collected. I mean, they can't just check the tags at Brooks Brothers and knock down the doors of a couple thousand landlords, can they? They can, and they do. The Bureau of Labor Statistics calculates and publishes this data on a monthly basis, and to gather the data, econ assistants personally visit or call over 23,000 stores and about 50,000 landlords or tenants in 87 urban areas. Every. Single. Month. After that, commodity specialists and experts review the data and adjust the information accordingly for changes in size or quality of said product. It's important to note that CPI does not include income, Social Security taxes, or investments in stocks, bonds or life insurance. It does, however, include all sales taxes associated with the purchases of these goods/services. This statistic is scrutinized in particular by financial economists, since changes in inflation can light a fire under the Fed and spur them to take action toward changing monetary policy. There's another problem with taking CPI at face value — there's a subset to this data, called "core CPI." Core Consumer Price Index is equal to CPI, but it doesn't include energy and food prices. The government will tell you food and energy prices are excluded because they're simply too volatile — but I know getting hit with a $400 gas bill for my tiny apartment this past winter, or shelling out four bucks on an avocado, matters to me and my wallet. The U.S. Department of Labor's Bureau of Labor Statistics (BLS) releases the national CPI data. CPIs for three specific metropolitan areas are published monthly, while CPIs for other specific metropolitan regions are published every other month. 4. PPI Called the Wholesale Price Index until 1978, the Producer Price Index, or PPI, measures and tracks the changes over time of the average selling price of domestically-produced goods and services. Think of it as the business-side equivalent to CPI; it instead captures price movements at the wholesale level, before prices get their upward tick for retail. Every month, the PPI monitors price changes from 25,000 goods-producing sectors at three stages of production; finished goods, intermediate goods, and crude goods. It includes categories like:
John Williams explains the current problem with PPI, writing: Once predominantly a measure of manufactured goods, PPI in the last decade or two increasingly has become a useless measure of the services sector “wholesale” inflation. Due to the limited scope of services surveying, those costs are heavily understated and artificially depress inflation reported for the broad finished goods index. For example, it is rare to find a PPI measure of insurance costs that represents more than 20 percent of the inflation rate seen in actual policy costs. On top of all survey issues, the PPI measures usually are viewed on a seasonally-adjusted basis. Instead of smoothed monthly changes, however, the resulting adjusted data tend to show a high level of random volatility in terms of month-to-month change. Viewed in terms of year-to-year change, or the annual rate of inflation, though, the series begins to show a strong leading correlation to the CPI. So if it's a bunch of malarkey, why do you care about PPI, again? Because unfortunately, dear readers, the sick irony of it all is that the policy makers care about PPI, and it influences their decisions. The numbers could be as bogus as Sarah Palin, but to play the game, and play it well, you gotta play by the rules of the policy makers. The BLS releases this date monthly, during the second full week of the month after the reporting month. This index is important because it is the very first inflation measure available every month. If you watch crude prices –the first in the chain of production trends– investors can sometimes spot inflation in the pipeline, before it shows up in the Consumer Price Index. 5. CCI Consumer Confidence Index (CCI), or what is sometimes referred to as the Consumer Confidence Survey, measures how consumers feel about the current and future economic conditions. It's a gauge of the public's overall confidence in the health of the US economy, which ultimately is a reflection of how optimistic or pessimistic the national mood is. A monthly survey of 5,000 random individuals is conducted (about 3,500 respond), which asks questions from five major categories:
People can give three opinions; positive, negative, and neutral. The Conference Board's Consumer Research Center releases the data monthly, on the last Tuesday of each month. Paying attention to these numbers can signal whether or not consumers are more inclined to spend or save their money, based on their sentiments about financial and employment prospects. But, as Addison and Bill remind us, it's not that cut and dry: The problem with consumers was not that they lacked confidence, but that they had too much. Their apparent financial success combined with the success of the Fed, had made them confident to the point of recklessness… in the economy, the absence of qualms or question marks was unsettling. Consumers increased personal consumption at a 6 percent rate in the fourth quarter of 2001–the same quarter in which the economy was supposed to be reeling from the recession and the terrorist attacks of September 11… Consumers go more deeply into debt only when they are pretty sure the extra debt will be no problem for them… the confidence of US consumers and investors was taken as good news throughout the world. People thought it meant good things to come… Confidence is a trailing indicator. The more there is of it, the greater the boom left behind, and the greater the trouble that lies ahead. Consumer confidence is a sketchy number at best. Think back to that 5,000 number – the number of individuals surveyed for this data – that's out of a population of, oh, 315 million. Suddenly sounds pretty unreliable, right? It seems like a no-brainer that disappointment can lead to disinvestment, and that consumers are more likely to spend money when they feel confident about their financial futures. But in the case of Americans who like to spend like there's no tomorrow, it may not be as accurate of an indicator of economic health as one would think. 6. Employment Current Employment Statistics, or CES, provide data on national employment, unemployment, and wages and earnings across all non-agricultural industries, including civilian government workers. This information is often specified and differentiated, like the employment or unemployment rate of men and women, or teens, or different ethnic groups. "Employed" is defined as full and part-time workers, as well as part-time and temporary employees who received pay for the designated period. CES numbers do not include business proprietors, self-employed, or volunteers. CES matters because this is the earliest indicator of economic trends that is released each month, and it's a no-brainer that high employment rates indicate the well-being of the economy and labor force. It is important to keep in mind, however, that employment statistics can be misleading in terms of the market — sometimes they're all sizzle and no steak. You might read a report saying how the economy is on the mend due to the addition of 200,000 new jobs, but those may all be part-time gigs. And anyone who has ever hustled for a paycheck knows that 200,000 part-time jobs and 200,000 full-time jobs are not the same thing. They do not have the same impact on the economy. According to CNBC, a lot of economists look past this employment information to a figure the BLS calls "U-6," which is defined as "total unemployed, plus all marginally att |
| Unprecedented backwardation in gold, Turk tells USAWatchdog Posted: 05 Aug 2015 01:40 PM PDT 4:40p ET Wednesday, August 5, 2015 Dear Friend of GATA and Gold: GoldMoney founder and GATA consultant James Turk today tells USAWatchdog's Greg Hunter that he has never seen such a long period of backwardation in the gold market. Turk says that "the money bubble" is getting ready to pop. His interview is 26 minutes long and can be watched at USAWatchdog here: http://usawatchdog.com/prolonged-gold-backwardation-has-never-happened-i... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. 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: |
| More Fake Data from The Federal Reserve By Gregory Mannarino Posted: 05 Aug 2015 01:30 PM PDT More Fake Data: Credibility Of The Federal Reserve On The Line. By Gregory Mannarino Gold, silver, numismatic coins, art, collector cars are all assets of substance. You can touch them. Paper assets are intangibles and usually rely on the performance of someone else. If for some reason that... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold Daily and Silver Weekly Charts - Zombie-nomics and Corporate Welfare - Gettin' Paid Posted: 05 Aug 2015 01:19 PM PDT |
| Wayne Root : Why Donald Trump will hit a grand slam in GOP presidential debate Posted: 05 Aug 2015 01:00 PM PDT What will happen at that debate tonight in Cleveland? No one knows. Anything can happen on that stage. But I'll bet on Donald. He has great instincts. I'd bet when the camera lights go on, Donald will outshine the competition. The Financial Armageddon Economic Collapse Blog tracks... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Posted: 05 Aug 2015 12:32 PM PDT Co-Authored: Chris Vermeulen and Kal Kotecha: In 1933, with America five-years deep into The Depression, the stage was set for an act of unprecedented proportions. History shows a wicked warlock at work. On March 6, 1933, Executive Order (EO) 6073 was passed by Franklin Delano Roosevelt (FDR), the 32nd President of the United States in an attempt to solve the dire banking crisis. Executive orders have been around since 1789, allowing Presidents to issue legally binding orders unilaterally, without the consent of Congress. During his Presidential tenure, from 1933 to 1945, Roosevelt would issue 3,728 Executive Orders. |
| Gerald Celente demolishes warmongers Barack Obama and David Cameron on Volcania Radio Posted: 05 Aug 2015 12:30 PM PDT Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| JP Morgan Saves the Day With a 275,000 Ounce Gold Fill On the Comex Posted: 05 Aug 2015 12:25 PM PDT |
| GDX Gold Miners Set Up for a Rally Posted: 05 Aug 2015 12:18 PM PDT The setup for an intermediate degree rally doesn't get much better than this. If you can't take a contrarian trade qwith this setup then you are never goign to. |
| Posted: 05 Aug 2015 11:43 AM PDT This post The Return Of Zombie Wars appeared first on Daily Reckoning. PARIS – We're watching three things in a desultory kind of way – U.S. stocks, Chinese stocks, and gold. None moved significantly yesterday. So, we return to the Great Zombie War. Let's preface today's comments by saying that we never know exactly what is going on. Nobody does. All we can do is open our eyes and look… from one side, then from the other… through the glass darkly, and then clearly… with malice toward none and a wry smile on our face. That said… the Great Zombie War is our own invention. It describes the forces involved and what is really at stake. For example, why is there such a desperate struggle to keep the credit bubble inflating? Why not just let some of the air escape and allow asset prices to fall? Because the forces on one side – zombies, cronies, and the feds – want to tell other people what to do and live at their expense. And spending money that doesn't belong to them is one of the ways they do it. Where do they get the money? From credit creation – which central banks can influence (but never completely control) by fixing interest rates. But who is on the other side of this struggle? "Hardworking, honest citizens," we might say. But they don't have to be especially hardworking. Many never break a sweat. And honest? Not necessarily. They might cheat on their taxes or their wives; we don't know. All we can say for sure is that they are not zombies, cronies, or government bullies. On the other hand, there are plenty of honest, hardworking people – including some dear readers – who are in our zombie category through no fault of their own. People who are now collecting Social Security or Medicare or Medicaid benefits beyond what they contributed to the system, for example. In some small measure, a person who leaves his car in a disabled parking space is enjoying a zombie privilege: Someone else was forced to prepare the spot for him. Teachers, firemen, military or medical employees, accountants – a wide range of people who work hard and do an honest day's work – may be zombified too. That is to say their work may be unnecessary, unproductive, or unfairly priced, thanks to the intercession of government. In many cases, in the absence of an active market for their services, it is impossible to know. A public school teacher may do excellent work, for example, but may enjoy compensation at half the level of his private school peer. You might say he is "half-zombie." So let's not take it personally. Instead, let us consider the nature of the system. In his regular column in the Sunday Telegraph, economist and friend Liam Halligan recently took aim at a new book that's making waves in Britain, PostCapitalism: A Guide to Our Future. It is not something we would read. You can tell by the title that it is nonsense. It misunderstands capitalism from the get-go. The author – Paul Mason, who in his day job is economics editor of Britain's Channel 4 News – seems to think that it is a precise system, with rules and principles that can be improved. Mason writes that we can only "rescue ourselves from turmoil and inequality by moving beyond capitalism." Thus does the author take his place in the long line of meddlers, bullies, and world improvers who think they are smarter than all the other people in the world put together. Capitalism is not a "system" like democracy or a composting toilet. It is not something that anyone designed. It is not something that can be consciously improved. It is the result – or should be – of free markets, including the insights, work, gambles, and luck of millions of people all over the planet. Improve it? You might just as well "improve" the price of Walmart shares or of a pound of peaches. Capitalism is not a system that you can take or leave, or take some parts of and leave the others, thereby making it more suited to your needs. Capitalism is just what you get when you respect the rules of civilization. Don't kill. Don't steal. Don't bear false witness. The rest probably don't matter, but we haven't taken the trouble to think about them very much. Jesus condensed the rules into two big ones when he gave his Sermon on the Mount: Love God. Love thy neighbor. The Jewish scholar Hillel the Elder later put it in terms a child could understand: If you wouldn’t want someone to do it to you then don’t do it to someone else. All the rest is detail. You can't love thy neighbor and steal his stuff. If you follow that rule, capitalism is what you've got. There is no way to improve it. But what ho! Along come some clever people with a good idea – a "ride-sharing" app called Uber. You find a ride easily. Rider and driver are tracked by Uber's system to provide a quality and reliability trail on both sides. And it costs a fraction of a regular cab ride. If customers don't like the service, they don't use it. Simple, right? Fair? Honest? Capitalism doesn't know or care. It's up to buyers and sellers. Wait! Can we make this system better? Yes, say the cronies. How? Shut it down! That's what the police in Paris have tried to do. We got a report today that says it is illegal to use the Uber app in the City of Lights. And in New York, Hizzoner Bill de Blasio wants to limit the number of new drivers Uber can take on. That's the way to boost employment! Meanwhile, Hillary Clinton, champion of zombies and cronies everywhere, is taking aim at the "sharing economy" – in which innovations such as Uber and Airbnb allow folks to share and redistribute excess capacity without any top-down control. She promises to take a "hard look" at it if elected president. Love thy neighbor – but only if he gives you a campaign contribution. 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. The post The Return Of Zombie Wars appeared first on Daily Reckoning. |
| Posted: 05 Aug 2015 11:41 AM PDT 5 Extraordinary Things That Will Shake Up Precious Metals By Stefan Gleason 08/04/15 – 11:14 AM EDT NEW YORK (TheStreet) — These are extraordinary times for the precious metals markets. And not just because of the headline price action. Underlying developments in the supply-and-demand fundamentals for physical gold and silver are extraordinary in their own... Read more » The post In The News Today appeared first on Jim Sinclair's Mineset. |
| Why Buying BHP is Like Swimming Upstream Posted: 05 Aug 2015 10:34 AM PDT This post Why Buying BHP is Like Swimming Upstream appeared first on Daily Reckoning. MELBOURNE — Will the ongoing crash in commodity prices be enough to force the Reserve Bank into an 'emergency' rate cut today? I don't think so, but the prospect of another rate cut in Australia is much closer than most people think. Yesterday, manufacturing data out of China hit a two year low. And overnight, a reading of US manufacturing came in weaker than expected. This wasn't great news for the commodities sector. Copper and gold lost about 0.5%. Brent crude fell a massive 5% and is now holding just above its January 2015 low point. The commodity rout is now a bloodbath. As the Financial Times reports: The commodity rout is now officially as bad as during the financial crisis. The Thomson Reuters Core Commodity Index, the broadest and longest running basket of tradeable oil, grains, and metals, just fell to a level last seen in February 2009. The drop in the index comes as Brent crude oil has dropped back below $50 a barrel for the first time since January and as copper and aluminium prices fall to a six-year low. The TR CRB index hit 199.7688 around lunchtime in New York, down from 203.1 on Friday. Its low in early 2009 at the peak of the financial crisis was 199.6386. By the end of the day's trading, the index closed below the 2009 low. The commodities boom is well and truly over folks. Keep in mind though that this is a US dollar denominated index. The situation is not quite as bad when you look at things through the lens of a weaker Aussie dollar, as you can see in the chart below:
In Aussie dollar terms, commodities hit a low point back in 2012. Falling coal and iron ore prices (not reflected in the above chart) led the RBA to aggressively slash interest rates throughout 2012. Commodity prices rebounded strongly into 2014 thanks in part to a depreciating Aussie dollar. Then came the oil price rout, which sent the index back down to test to June 2012 lows. So far the lows are holding, but the chart certainly doesn't look healthy. If you were to include the economically important coal and iron ore prices into the above chart, then Australia would indeed be looking at the worst commodity price levels seen in many years. So does this mean the RBA will pull out a surprise cut today? As I said, I don't think so, but one is coming sooner rather than later. Bank boss Glenn Stevens may want to wait another month or two to see whether attempts to cool the housing bubble have had any effect. Interest rates on investor loans have increased across the board, but so far it's had little effect. By all accounts, capital is still pouring into Aussie property. A 25 basis point increase for investors is hardly enough to reduce interest in the sector. A weaker Aussie dollar is playing its part too. For foreign investors, a weaker Aussie dollar increases their purchasing power. The Financial Review reports today that the Cromwell Property Trust [ASX:CMW] has had an offer from a Korean asset management fund for its Cromwell Box Hill Trust. The trust owns an Australian Tax Office building currently under construction in Box Hill in Melbourne. And just last week, the Chinese sovereign wealth fund China Investment Corporation (CIC) purchased Investa Property Group's nine office towers for a massive $2.45 billion, placing the assets on a very low (bubble like) yield of 5%. As the Financial Review reported at the time: The more than 30 per cent slide by the Australian dollar and the record low interest rate environment helped drive up the price but also made it more compelling for offshore investors transacting in US dollars. In short, capital continues to flow into Australia, buying up prime assets. How are lower interest rates going to help? They won't. All they will do is encourage more speculation in residential property and more consumption on the back of speculative gains. To finance this borrowing and consumption binge, we need foreign capital, and we're getting it by selling off our best assets. Pretty smart, huh? The more assets we sell, the more future income generated by those assets flows offshore. This will show up in the years ahead via a continually growing current account deficit. The only potential silver lining is that you could make an argument that Chinese buyers are not particularly astute. Over the past few years, Chinese investors haven't covered themselves in glory. There was a lot of buying of commodities near the top of the cycle in 2011, there was the Chinese property bubble, a gold buying spree as prices run up in 2011, and more recently capital chasing speculative returns in the Chinese stock market. In short, Chinese capital loves momentum, which is why you're now seeing big investments in Aussie property. Could the recent record investment from CIC signify another market peak? Not if rates and the dollar keep falling. Australia's broken economic model still has some life in it yet. Getting back to commodities, is it time to buy with prices hitting multi-year lows? While the typical contrarian response would be a 'yes', I would say no. Why try and pick the bottom? Why not wait for signs that the downtrend has finally run its course before loading up? Let's use BHP as an example. This is how I go about picking stocks picks (or avoiding them) in my Sound Money. Sound Investments newsletter. The chart below shows the two-year performance of BHP. I recommended BHP as a 'short sell' in September last year. That means you make money on the trade when the price falls.
I knew BHP would suffer from falling iron ore prices and at the time the oil price had started to fall sharply too. More importantly though, the stock price had just made a new low and was entering a downward trend. The combination of negative fundamentals and a charting outlook that confirmed the negative view was enough for me to tell subscribers to sell. Now, as you can see by the downward sloping green arrow, the downtrend is well established. While BHP may be attempting to bottom right now, the path of least resistance is unequivocally down. The odds favour this downtrend continuing and I wouldn't be surprised to see BHP break through support at $25 and make new lows in the weeks or months ahead. I've discovered from painful experience that buying in the face of a downtrend is like swimming against a current. It's tough work and there is a low probability of success. You're far better off to wait for the downtrend to exhaust itself and for a new turnaround to emerge before getting involved. So if you're tempted to buy commodities at this point, go jump in a river and try swimming upstream. Then, lay on your back and let the current take you. How much easier is that? If you're interested in investing using this approach of blending fundamental and technical analysis, click here. As you'll see, it works. Regards, Greg Canavan P.S. 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. The post Why Buying BHP is Like Swimming Upstream appeared first on Daily Reckoning. |
| HUMANITY vs INSANITY - #47 : Big Pharma Phucking YOU! Posted: 05 Aug 2015 10:30 AM PDT with Dr. Graham Downing - BIG PHARMA will do whatever it takes to PHUCK Humanity ... 'cos there ain't no money in health but there's a shedload in keeping people sick ... especially people with CANCER!! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Faced With “Significant Deterioration,” Fed Begins Its Rate Hike Walk-Back Posted: 05 Aug 2015 09:29 AM PDT The recent trickle of bad news has become a torrent. From just the past couple of days:
Not surprisingly, the Fed is now wondering if its promise/threat to raise rates in September risks adding fuel to the deflationary fire (see Can You Imagine The Fed Raising Rates In This World?). So it sent one of its talking heads out to reassure rattled markets that it won’t do anything rash:
This week’s numbers certainly look like “significant deterioration.” Based on current trends, it is now likely that US rates will not just decline in 2016 but will join those of Switzerland and Germany in negative territory. The experiment continues! |
| World’s Gold Supply Fits In Average Four Bedroom House Posted: 05 Aug 2015 07:59 AM PDT This post World’s Gold Supply Fits In Average Four Bedroom House appeared first on Daily Reckoning. I spoke with Bobby Kerr on Newstalk's "Down to Business" to discuss a range of aspects pertaining to gold supply and the gold market. In the interview, some of the ideas covered included:
Click the play button below to watch:
Regards, Mark O'Byrne This article was originally posted on GoldCore's blog, right here. The post World’s Gold Supply Fits In Average Four Bedroom House appeared first on Daily Reckoning. |
| Posted: 05 Aug 2015 07:33 AM PDT A gold reserve is the gold held by a national central bank, intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders, or trading peers, or to secure a currency.It has been estimated that all the gold mined by the end of 2011 totalled 171,300 tonnes. At... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| James Turk -- Money Bubble About to Pop Posted: 05 Aug 2015 07:09 AM PDT Gold expert James Turk thinks the biggest bubble of all is long past its expiration date. Turk thinks this bubble will end like all bubbles. Turk predicts, "This money bubble is going to pop. It has to because there is just too much debt in the world. That debt has to be reconciled and,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Surging demand for the real stuff even as paper gold prices fall Posted: 05 Aug 2015 07:08 AM PDT 10:07a ET Wednesday, August 5, 2015 Dear Friend of GATA and Gold: Another monetary metals dealer, Money Metals Exchange in Idaho, reports surging demand for the real stuff even as prices for "paper gold" fall, "more buying interest than at any time since the 2008 financial crisis." The firm reports its recent sales data here: https://www.moneymetals.com/news/2015/08/05/gold-silver-demand-000746 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: |
| GATA chairman interviewed about metals market rigging Posted: 05 Aug 2015 07:01 AM PDT 10a ET Wednesday, August 5, 2015 Dear Friend of GATA and Gold: GATA Chairman Bill Murphy was interviewed this week about gold and silver market rigging by Dave Kranzler of Investment Research Dynamics at the IRD Internet site here -- http://investmentresearchdynamics.com/sot-48-bill-murphy-violent-and-bre... -- and by Jason Burack of Wall Street for Main Street, whose interview is posted at You Tube here: https://www.youtube.com/watch?v=_LJEdPBCddk&feature=youtu.be 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: |
| Gold Price Two Steps Forward … One Step Back Posted: 05 Aug 2015 06:44 AM PDT ‘Death of gold’ greatly exaggerated Vital context: gold rose sharply in years preceding crisis and during crisis Important to consider gold in local currency terms In euro, gold is up 2% in 2015, after 13% gain in 2014 Gold at €300 in 2001, rose to €1,400 during crisis and at €1,000 today History, academic and independent research shows gold is a safe haven Sharp fall in value of commodities means global economy is weakening |
| These Charts Prove Gold Is Poised for a Rebound Posted: 05 Aug 2015 06:40 AM PDT Sean Brodrick writes: I’m about to show you five commodity charts, four of which should blow your mind. First of all... You probably know that gold is cheap. The yellow metal is way, way off the highs it hit in 2011. This is due, at least in part, to the rocketlike rise of the U.S. dollar. |
| Will Cheap Oil Collapse the Market? Here’s the Answer… Posted: 05 Aug 2015 06:36 AM PDT This post Will Cheap Oil Collapse the Market? Here's the Answer… appeared first on Daily Reckoning. Plunging oil prices are dragging down the stock market! That's what some think, anyway. But that only tells half the story. And today, you're going to see how you can ride the cheap oil trend for some steep profits over the next few months. Here's what's happening: Since late June the Dow Jones Industrial Average and oil have traded in the same direction 72% of the time, CNBC's Brian Sullivan says. These two lines haven't diverged since July 21st. So when oil goes down, it taking the Dow right along with it. 72% of the time, at least. Sully calls this stat "boring but important"—and I'm inclined to agree. Kinda like gravity. But most folks are too freaked out that Apple is down more than 3% and breaking below support to notice the trend. So let's see what happens when we throw another group of stocks into the mix… Different story. While tumbling oil has dragged the industrials down the basement steps with it, transportation stocks are spreading their wings on the prospect of cheaper fuel. They'd been badly lagging the DJIA for most of the year, off about 8%. But they finally made their move last week. And after last week's "catch-up" performance, the transports have taken command, up a solid 4% compared to Papa Dow's loss of about a quarter of a percent. I urged you last week to hop on the transports as they broke out of their 2015 funk. And in just five days the group made a miraculous comeback that signaled what could become a major change in trend for these ragamuffin stocks. Yes, it looks like the prospect of dirt-cheap oil has finally impacted these stocks. And one of the main drivers of this trend? The airline sector. Take a look for yourself:
As transports have floated higher, the airlines have risen dramatically, up nearly 11% since July 1st. Thanks in large part to lower fuel costs creeping into earnings reports… Virgin America is the perfect example of an airline stock gone haywire. Shares are up 25% over the past 10 trading days. And it helped that late last week VA reported—you guessed it—plenty of fuel savings during the second quarter. That helped earnings handily beat analyst estimates. And keep in mind, we're talking about a stock no one wanted to touch all year. Ever since the initial spike shortly after its 2014 IPO, VA has been dead money walking—until now. So is this the spark to get airlines flying high once again? I think so, my friend. Cheap oil prices are finally making their impact on the airlines. And it could last a while. Just make sure you catch this flight… Regrads, Greg Guenthner P.S. If you want to cash in on the biggest profits this market has to offer, sign up for my Rude Awakening e-letter, for FREE, right here. Stop missing out. Click here now to sign up for FREE. The post Will Cheap Oil Collapse the Market? Here's the Answer… appeared first on Daily Reckoning. |
You can't see because your eyes are closed, while blindfolded, with a black hood on, in a pitch black room, on a moonless night… it's gonna take some work to see the light.
The past four years of unprecedented Precious Metals price suppression – and heck, 13 years of hitching my personal finances and professional livelihood to gold, silver, and the pursuit of truth – have taught me a lot about humanity; my own, yours, and those I never have, nor ever will, have contact with. For the most part, I am more skeptical of human nature than ever; as ignorance, denial, and at times, blatant disregard for the plight and/or well-being of others are not only prevalent, but appear to be unquestionably immutable traits. To wit, "one-percenters" like NYC money manager Barry Ritholtz – who yesterday, responded to 
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