Gold World News Flash |
- Fed Can’t Save Stocks from Verge of Collapse: ‘Huge Disaster Waiting to Happen’
- Economic Reality Now Catching Up To Market Fantasy
- The Deflationary Implosion On The Road To Full-Blown Global Collapse
- BANKERS THREAT: Global Exchanges Continue To Bleed Silver
- If gold is just a 'pet rock,' why are central banks so secretive about it?
- URGENT - CERN - September 2015 - opening the portal
- Economic Reality Now Catching Up To Market Fantasy
- Ron Paul's Foreign Policy Of Peace Is Central To The Message Of Freedom
- Gold Price Turned Up, Buy Gold on Close Above $1,106
- Peter Schiff : The Last Thing That Fed Wants is a Rate Hike
- Guest Post: Is Donald Trump Broke?
- Will a Border fence fix The Immigration Problem?
- An Addendum to "Rumblings of War"
- Mars Rover captures image of crab-like object
- Gold Daily and Silver Weekly Charts - Not Bad For a Non-Farm Payrolls
- Shopping For 100x Stocks in Oil and Gas
- WARNING! What is Happening in September 2015?
- Gold Price’s Artificial Lows
- The Next Silver Bull Market May Have Already Started
- 3D-printed cars by 2016?
- Lindsey William's elite friend gives 3 month warning for Economic Implosion
- History Repeats. Gold Protect From Devaluations and Risks
- 100x Hunting in Vancouver
- It’s A Jobs Jamboree Friday!
- Gold Price Rebound or Another Breakdown?
- Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price?
- The Myth of Gold Price Manipulation
- Global Crude Oil Supply More Fragile Than You Think
- Is Gold Price Manipulated?
- Joe Mazumdar Tells Gold Investors to Go Underground to Survive
- Bill Holter: For China, Treasuries and gold are powerful weapons
- Protected: Gold Miners Added to Portfolio
| Fed Can’t Save Stocks from Verge of Collapse: ‘Huge Disaster Waiting to Happen’ Posted: 07 Aug 2015 11:00 PM PDT by Mac Slavo, SHTFPlan:
Yet another voice has warned that the world teeters dangerously close to a repeated and prolonged financial disaster. With everything so connected, trouble in China means contagion in the rest of the global market, according to David Stockman, a former U.S. Representative, Reagan's Director of the Office of Management and Budget and an investor for several major Wall Street firms. CNBC reports: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Economic Reality Now Catching Up To Market Fantasy Posted: 07 Aug 2015 09:55 PM PDT from Zero Hedge:
In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world. Often, the daydream images of the mind are not merely images to them. Rather, what they imagine subconsciously becomes reality. Their faculties of observation become so limited, either due to a reaction to trauma or merely an inherent inability to cope, that they cannot decipher between fact and fiction. A person could go on like this for quite some time if all his needs are provided for by someone else. But the moment that support ends (and it will), the realities of necessity, not to mention supply and demand, take hold. One cannot live in a schizophrenic world indefinitely. The current global mishmash of interdependent and socialized economies are, at bottom, schizophrenic. Our markets are not based in any fundamental reality. There is very little tangible foundation left to stand on, and this has been the case for several years. Yet some people might argue that since the derivatives crash of 2008, most of the world has continued to walk on air and there is little for us to worry about. The power of fantasy is that it is self-perpetuating. Fantasies are fueled most commonly by misplaced hopes and unhealthy or unrealistic desires, and such things are darkly and grotesquely energizing. Fantasies can indeed keep economies around the world functionally alive even when they are clinically dead. But again, there is always an end. Equities and commodities markets in particular have levitated despite economic fact, making their eventual fall ever more spectacular. That fall has now begun halfway through 2015. Let's look at the cold hard truths of our current situation. New signals of market crisis are generating every two to four weeks as we grind on into the third quarter. This is in stark contrast to the relatively predictable and “stable” market behavior of the past three years. I realize that we are experiencing a "slow boil" and that many people may not even be taking note of the exponential increase in negative economic signs, but really, think about it – at the beginning of 2014, what was the general financial sentiment compared to today? Europe has just experienced the worst "near miss" yet with the Greek crisis, a crisis that is still not over and will likely end in chaos as the last-minute deal with the European Central Bank is derailed by International Monetary Fund intervention. Keep in mind that Europe is overwhelmed with debt as peripheral countries border collapse and core nations like France float in a recessionary ether they refuse to openly acknowledge. Asia is the biggest story right now, with Chinese markets in veritable free fall despite all attempts by the communist government to quell stock selling and shorting, to the point of threatening arrest and imprisonment for some net short sellers. China's Shanghai Stock Exchange has experienced a 30% drop in market value in a month’s time. The mainstream argument meant to marginalize this fact is that less than 2% of China's equities are owned by foreign investors; therefore, a crash there will not affect us here. This is, of course, pure idiocy. China is the largest importer/exporter in the world; and it's set to become the world's largest economy within the next two years, surpassing the United States. China's economy is a production economy, and the nation is a primary supplier for all consumer goods everywhere. Thus, China is a litmus test for the fiscal health of the rest of the world. When Chinese companies are struggling, when exporters are seeing steady overall declines and when manufacturing begins to crawl, this is not only a reflection of China's economic instability, but also a reflection of the collapsing demand in every other nation that buys from China. Collapsing demand means collapsing sales and collapsing market value. For a global economic system so dependent on ever growing consumption, this is a death knell. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Deflationary Implosion On The Road To Full-Blown Global Collapse Posted: 07 Aug 2015 09:00 PM PDT from KingWorldNews:
What The Commodity Crunch Is Really All About And if you believe this commodity crunch is all about some temporary oil supply glut, think again. There are 19 commodities that make up the CRB Index: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat. The plummeting value of the weighted average of these commodities is screaming one thing loudly: the rate of global growth is plummeting. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BANKERS THREAT: Global Exchanges Continue To Bleed Silver Posted: 07 Aug 2015 08:20 PM PDT by Steve St. Angelo, SRS Rocco Report:
As the global economic and financial system head over the cliff, silver investment demand is moving in the opposite direction. Not only has the demand for physical silver increased significantly since the middle of June, it surged to a level that has now put severe stress on the retail market. This huge demand in the retail market made its way into the wholesale market. According to the article, Investment Silver Demand Draining COMEX Vaults:
Now, since this article was written (Aug 3rd), there were three more large net withdrawals: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| If gold is just a 'pet rock,' why are central banks so secretive about it? Posted: 07 Aug 2015 07:33 PM PDT 10:47p ET Friday, August 7, 2015 Dear Friend of GATA and Gold: "Let's be honest about gold," read the headline in The Wall Street Journal on Jason Zweig's column July 17. "It's a pet rock": http://blogs.wsj.com/moneybeat/2015/07/17/lets-be-honest-about-gold-its-... Zweig wrote: "It is time to call owning gold what it is: an act of faith." And yet, as gold researcher and GATA consultant Ronan Manly pointed out today in a note to your secretary/treasurer, authorities even higher than The Wall Street Journal seem to have a different opinion. ... Dispatch continues below ... ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Manly, who is always examining documentation about gold rather than merely pontificating about it as mainstream financial journalists do, called attention to contrary assertions on the Internet site of London Precious Metals Clearing Ltd. -- -- which manages the over-the-counter gold market in London, the largest in the world (at least for the time being). In the "About Clearing" section of its Internet site, London Precious Metals Clearing Ltd. says: "The six London bullion clearing members each maintain confidential secure vaulting facilities within central London locations, using either their own premises or those of a secure storage agent, which are used to process and store precious metals (mostly gold and silver), for both the member and those clients who require custodial storage (including some central banks). ... "[T]hese vaulting facilities enable the depositories to process large physical transactions with a high degree of confidentiality (essential given the sensitivity many governments and central banks place on gold transactions); also, these vaults provide the potential of some modest income from client storage requirements. "There are close ties between the vault operations and the precious metal trading and sales team on physical movements, particularly when scheduling consignment stock deliveries, but also where key government or central bank physical transactions are being undertaken, which require sensitive and confidential handling, and often involve taking high-security precautions." The clearing association's assertions raise a couple of questions: 1) Why are central banks and governments so sensitive and secretive about what are supposedly only pet rocks? 2) Are there any circumstances under which Zweig and The Wall Street Journal (and, for that matter, the rest of the mainstream financial news media) would tell the truth about gold? Though readers of these dispatches must be tiring of hearing it, still it must be said and may have to be said for decades to come: No analysis of the gold market is worth anything if it fails to address these questions: -- Are central banks in the gold market surreptitiously or not? -- If central banks are in the gold market surreptitiously, is it just for fun -- for example, to see which central bank's trading desk can make the most money by cheating the most investors -- or is it for policy purposes? -- If central banks are in the gold market for policy purposes, are these the traditional purposes of defeating a potentially competitive world reserve currency, or have these purposes expanded? -- If central banks, creators of infinite money, are surreptitiously trading a market, how can it be considered a market at all, and how can any country or the world ever enjoy a market economy again? Documentation responsive to these questions can be found here -- http://www.gata.org/node/14839 -- but of course not yet in Zweig's column or elsewhere in The Wall Street Journal, though the documentation has been delivered to the newspaper many times over many years, once even in person by your secretary/treasurer by appointment at the paper's headquarters in New York. A few years before that, GATA even spent $264,000 to place a full-page advertisement in the newspaper to alert it and the nation to the rigging of the gold market: http://www.gata.org/node/wallstreetjournal (Boy, would your secretary/treasurer like to have that money back.) So The Wall Street Journal knows very well what's going on. Ironically the American newspaper that most purports to advocate free markets is a crucial accomplice to their subversion. 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: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| URGENT - CERN - September 2015 - opening the portal Posted: 07 Aug 2015 07:30 PM PDT In this video, we hear from a speaker about what CERN is all about and what it could do in September 2015 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Economic Reality Now Catching Up To Market Fantasy Posted: 07 Aug 2015 07:25 PM PDT Submitted by Brandon Smith via Alt-Market.com, In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world. Often, the daydream images of the mind are not merely images to them. Rather, what they imagine subconsciously becomes reality. Their faculties of observation become so limited, either due to a reaction to trauma or merely an inherent inability to cope, that they cannot decipher between fact and fiction. A person could go on like this for quite some time if all his needs are provided for by someone else. But the moment that support ends (and it will), the realities of necessity, not to mention supply and demand, take hold. One cannot live in a schizophrenic world indefinitely. The current global mishmash of interdependent and socialized economies are, at bottom, schizophrenic. Our markets are not based in any fundamental reality. There is very little tangible foundation left to stand on, and this has been the case for several years. Yet some people might argue that since the derivatives crash of 2008, most of the world has continued to walk on air and there is little for us to worry about. The power of fantasy is that it is self-perpetuating. Fantasies are fueled most commonly by misplaced hopes and unhealthy or unrealistic desires, and such things are darkly and grotesquely energizing. Fantasies can indeed keep economies around the world functionally alive even when they are clinically dead. But again, there is always an end. Equities and commodities markets in particular have levitated despite economic fact, making their eventual fall ever more spectacular. That fall has now begun halfway through 2015. Let’s look at the cold hard truths of our current situation. New signals of market crisis are generating every two to four weeks as we grind on into the third quarter. This is in stark contrast to the relatively predictable and "stable" market behavior of the past three years. I realize that we are experiencing a “slow boil” and that many people may not even be taking note of the exponential increase in negative economic signs, but really, think about it - at the beginning of 2014, what was the general financial sentiment compared to today? Europe has just experienced the worst “near miss” yet with the Greek crisis, a crisis that is still not over and will likely end in chaos as the last-minute deal with the European Central Bank is derailed by International Monetary Fund intervention. Keep in mind that Europe is overwhelmed with debt as peripheral countries border collapse and core nations like France float in a recessionary ether they refuse to openly acknowledge. Asia is the biggest story right now, with Chinese markets in veritable free fall despite all attempts by the communist government to quell stock selling and shorting, to the point of threatening arrest and imprisonment for some net short sellers. China’s Shanghai Stock Exchange has experienced a 30% drop in market value in a month's time. The mainstream argument meant to marginalize this fact is that less than 2% of China’s equities are owned by foreign investors; therefore, a crash there will not affect us here. This is, of course, pure idiocy. China is the largest importer/exporter in the world; and it’s set to become the world’s largest economy within the next two years, surpassing the United States. China’s economy is a production economy, and the nation is a primary supplier for all consumer goods everywhere. Thus, China is a litmus test for the fiscal health of the rest of the world. When Chinese companies are struggling, when exporters are seeing steady overall declines and when manufacturing begins to crawl, this is not only a reflection of China’s economic instability, but also a reflection of the collapsing demand in every other nation that buys from China. Collapsing demand means collapsing sales and collapsing market value. For a global economic system so dependent on ever growing consumption, this is a death knell. In the U.S., markets have experienced a delayed reaction of sorts, due in great part to the Federal Reserve’s constant injections of fiat fantasy fuel since the credit crisis began. This kind of artificial support for markets has become an expected and essential part of market psychology, resulting in utter dependency on easy money siphoned into big banks that then use it to bolster equities through massive stock buybacks (among other methods). Now, however, quantitative easing has been tapered and zero interest-rate policy is nearing the chopping block. The stock buyback scam is nearing an end. Already, U.S. stocks are beginning to feel the pain as reality slowly nibbles away once dependable gains. There is a good reason for this - Wages are in constant decline; manufacturing is in steady decline; retail sales are in decline, and government and personal debts continue to rise. We are not immune to the financial chaos of other nations exactly because we have been railroaded into a highly interdependent global economic system. In fact, much international fiscal uncertainty is tied directly to the fall of the American consumer as a reliable cash cow and economic engine. So where is this all headed? Commodities tell part of the story, with oil sliding steadily, signaling what we in the alternative economic community have been saying for years: Fiat stimulus propped up markets (including energy markets) that should have been allowed to deflate long ago, and now we are suffering the consequences. Crude oil prices fell 19 percent in July alone as energy companies the world over scramble to adapt. Gold and silver have taken considerable hits to their paper value while physical purchases continue to skyrocket, meaning the street price of metals may soon decouple from illegitimate and manipulated market prices. Smaller and some medium-sized economies will continue to “surprise” markets with volatile debt issues, like Puerto Rico (nearing possible default) and Venezuela (nearing certain doom). These are more canaries in the coal mine to watch carefully. It is also important to keep in mind that prices on necessities including food and housing remain high despite deflation in other areas (like wages). This suggests we are in the midst of a stagflationary fiscal environment. Centralization is the key to every single economic development we’ve seen since the 2008 crash. Venezuela, in particular, is a marker for where we are all headed: total price controls, food confiscation from farms, rationing and even computer-chipped ration cards in order to thwart any attempts by citizens to stockpile essentials. Do not assume that such draconian measures are limited to third world socialist hellholes. Or, at the very least, do not assume that a country like the U.S. is not on the verge of becoming a third world hellhole. As for Europe, French president Francois Hollande has openly called for a centralized “eurozone government” in order to deal with the ongoing economic crisis there (something I have been warning about for several years). Supranational government is the endgame for sovereign humanity, and the EU is on the fast track. In China, the march continues toward the inclusion of the yuan in the IMF’s SDR currency basket, the greatest economic centralization scheme of all time. The recent suggestion by an IMF panel to "delay" inclusion until 2016 only reinforces the likelihood that the Yuan will be entered into the basket. If the IMF had no intention to bring China into the fold, they would have suggested a 5 year delay just as they did back in 2010. For those who think China’s recent market crisis will somehow thwart their inclusion into the SDR, think again. The IMF has already announced that the market route in China will have no bearing on the SDR conference, which is set to end in November. In the U.S., the markets wait for the Federal Reserve’s rate hikes. The rate hike issue is an underestimated one by some analysts, who seem to think that initial hikes will be "minor" and will result in little to no reverberations. Interest rates affect more than just overnight bank lending; they are the primary pillar supporting current market psychology. There is NO other financial element giving positive influence to investor psychology. There is no good economic news out there to warrant the bull market of the past few years. There is no open form of QE (and future QE seems unlikely as renewed stimulus would only be an admission that the first three attempts at QE failed miserably, derailing any point to new easing). There is no recovery. And when any even minor or engineered "good news" is presented in the mainstream, markets have reacted NEGATIVELY for fear that this will hasten higher interest rates. Beyond psychology and false hopes, even minor increases in interest rates will essentially kill most large scale bank lending. We know through the limited audit of the TARP bailouts that trillions in fiat was created simply to feed international banks and corporations through ZIRP and that this kind of free money lending has been a mainstay ever since. ZIRP is the primary driver of stock buybacks and the equities bull market. But this will only continue as long as the Fed loans remain free (or almost free). Trillions in loans can equal billions in interest even with a minor rate rise, meaning, with the end of ZIRP and free money, banks and corporations will stop borrowing, stock buybacks will dissolve, and equities will lose the artificial support they have so far enjoyed. Even mainstream financial news outlets are beginning to question why the Fed would push at all for rate hikes and pretend that the American fiscal system is in recovery, when ALL other information would lead the rational person to the contrary conclusion. I would point out that in order to understand central planners and globalist motives, you need to look at what they chase. The Fed’s job is to destroy the U.S. economy and the dollar, not save them, which is why the Fed continues to deny economic turmoil and charges headlong into a rate hike scenario even though no one in the mainstream asked them to. The Chinese central bank’s job is to make all arrangements for Yuan inclusion in the SDR, despite the fact that China is supposedly in conflict with Western banks. The ECB and Europe are obsessed with centralized government even if they have to break several eggs to get it. And the IMF and Bank of International Settlements are set up to be the economic heroes of the day, warning us all (too late, of course) of the potential downfall of central bank stimulus policies and government debt obligations. In a murky world of market fantasy, our first guideposts are the fundamentals themselves. Supply and demand can be misrepresented for a time through manipulated statistics, but the tangible effects of decline cannot be. Our secondary guideposts are the paths that internationalists and central banks bulldoze through the fiscal forest. To anyone with any sense, the endgame is clear: Total centralization is the goal, and economic fear is the tool they hope to use to get there. I have written on numerous solutions to this threat in past articles; but the first and most important action is for each of us to acknowledge, wholeheartedly, that the system we know is ending. It is over. What replaces that system will either be up to us or up to them. Only by admitting that there is an end to the fantasy, a painful end, will we then be able to help determine our future reality. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ron Paul's Foreign Policy Of Peace Is Central To The Message Of Freedom Posted: 07 Aug 2015 06:15 PM PDT Submitted by Llewllyn Rockwell via The Mises Institute, Ronald Reagan used to be called the Teflon president, on the grounds that no matter what gaffe or scandal engulfed him, it never stuck: he didn’t suffer in the polls. If Reagan was the Teflon president, the military is America’s Teflon institution. Even people who oppose whatever the current war happens to be can be counted on to “support the troops” and to live by the comforting delusion that whatever aberrations may be evident today, the system itself is basically sound. To add insult to injury, whenever the US government gears up for yet another military intervention, it’s people who pretend to favor “limited government,” and who pride themselves on not falling for government propaganda, who can be counted on to stand up and salute. I had the rare honor of serving as Ron Paul’s congressional chief of staff, and observed him in many proud moments in those days, and in his presidential campaigns. But Ron’s new book Swords into Plowshares: A Life in Wartime and a Future of Peace and Prosperity, a plainspoken and relentless case against war that ranks alongside Smedley Butler’s classic War Is a Racket, is possibly the proudest Ron Paul moment of all. It’s been calculated that over the past 5,000 years there have been 14,000 wars fought, resulting in three and a half billion deaths. In the United States, between 1798 and 2015 there have been 369 uses of military force abroad. We have been conditioned to accept this as normal, or at the very least unavoidable. We are told to stifle any moral qualms we may have about mass killing on the question-begging grounds that, after all, “it’s war.” Ron, on this as on a wide array of other topics, isn’t prepared to accept the conventional platitudes, and a recurring theme in his book involves speculating on whether, in the same way the human race has advanced so extraordinarily from a technological point of view, we might be capable of a comparable moral advance as well. There is much in this book for libertarians and indeed all opponents of war to enjoy – for starters, a refutation of the claim that war is “good for the economy,” a discussion of the dangers of “blowback” posed by foreign interventionism, and an overview of the War on Terror from a noninterventionist perspective. But there is a profoundly personal dimension to this book as well, as we follow Ron’s life from his childhood to the present and the evolution of his thought on war. I’ll leave readers to discover these gems for themselves. Likewise, Ron relates some little-known stories of war. In one, it’s two weeks after D-Day, and Captain Jack Tueller decided to play his trumpet that evening. He was instructed not to do so: his commander explained that a German sniper had still not been captured from the day’s battle. Figuring the sniper was a frightened young man not unlike himself, he played the German song “Lili Marleen.” The sniper surrendered to the Americans the next day. Before being sent off to prison, the sniper asked to meet the trumpet player. He said, through tears, “When I heard that number that you played I thought about my fiancée in Germany. I thought about my mother and dad and about my brothers and sisters, and I could not fire.” “He stuck out his hand and I shook the hand of the enemy,” Tueller recalls. “He was no enemy. He was scared and lonely like me.” Another story takes place just before Christmas 1943. Charlie Brown, a 21-year-old farm boy from West Virginia was on his first combat mission as a pilot when his B-17 was seriously damaged over Germany. With half his crew dead or wounded, he was struggling to get his plane back to England when a German fighter came within three feet of his right wingtip. But Franz Stigler, the German pilot, did not fire. Instead, he simply nodded, pointed, and flew off, allowing Brown to make his way back to England. Some 46 years later, the two men met again. Brown finally got to ask Stigler why he had been pointing. Stigler replied that he was trying to tell Brown to fly to Sweden, which was closer. But since Brown knew only how to get back to England, that’s where he went. The two men became close friends, even fishing buddies. Stigler said that saving Brown’s life was the only good thing that came out of the whole war for him. You won’t be surprised to learn that in addition to human-interest anecdotes like these, Ron spends time in Swords into Plowshares linking central banking and war, one of his perennial themes over the years. It isn’t for nothing that again and again, countries abandoned the gold standard when they went to war. We rarely pause to consider what that tells us. If they needed to abandon the gold standard to go to war, that means the gold standard was a barrier against war. Of course, the ease with which governments could abandon the gold standard serves to remind us of the need to separate money and state altogether, and that the state cannot be trusted to maintain a sound money standard. As always, Ron is at his fiery best when he unleashes on the neoconservatives, whose every overseas fiasco becomes a justification for still another fiasco six months later. He invites us to consider a typical remark by neoconservative Michael Ledeen: “Paradoxically, peace increases our peril, by making discipline less urgent, encouraging some of our worst instincts, and depriving us of some of our best leaders.” Note that it is peace, according to Ledeen, and not war, that encourages our worst instincts. This was the view of Theodore Roosevelt, loved and admired by progressives and neoconservatives alike, who considered prolonged peace a deplorable state that made a people flabby and otiose. Neocons complain when libertarians describe them as “pro-war” – why, they favor war only as a last resort, they assure us, and only because there are bad people in the world – but how else can we describe the views of Ledeen, who to my knowledge has never been publicly taken to task by any other neocon? (Perhaps my favorite of Ron’s collection of ghoulish neocon quotations, though, if only for its obliviously Orwellian quality, is George W. Bush’s remark from June 2002: “I just want you to know that, when we talk about war, we’re really talking about peace.”) Meanwhile, the American people have been indoctrinated into a cult of the veteran, whom evangelicals blasphemously compare to Jesus Christ, and whereby everyone is expected to salute, applaud, and offer ostentatious thanks for the veteran’s “service.” Here, by contrast, is Ron:
Ron calls upon the peoples of the world to resist their governments’ calls to war and to refuse to take part in violent conflict. “If the authoritarians continue to abuse power in spite of constitutional and moral limits,” he writes, “the only recourse left is for the people to go on strike and refuse to sanction the wars and thefts. Deny the dictators your money and your bodies…. The more this is a worldwide movement, the better.” This is why Ron is such a fan of the song “Universal Soldier,” which he asked singer Aimee Allen to perform at his dramatic Rally for the Republic in 2008. The man who enlists in the military and simply goes along with the prevailing current of opinion is the universal soldier. If he refused to “serve” and to fight, there could be no wars. Even Ron, a flight surgeon who never fired a shot, looks back on his time in the military and asks himself: why did I not resist? Why did I go along? Needless to say, few among our political class – people who, generally speaking, have rather more to repent of than mild Ron Paul – reflect seriously on their moral choices, or rebuke themselves publicly. When people read Swords into Plowshares generations from now – and they will – they will marvel that such a man actually served in the US Congress, and defied every campaign of war propaganda right on the House floor. But what’s great about Ron is not just his honesty, but also his constant intellectual growth – with the passage of time he has become an ever-more radical champion of freedom. His evolution is especially plain in this book, as you’ll discover for yourself. One of the most important things Ron accomplished in public life was to show that it’s possible to oppose war without being a leftist. He likewise explained that a foreign policy of peace and nonintervention was a central, indispensable feature of the message of freedom, and not just an odd personality quirk of Ron Paul – as the many people who said “I like Ron Paul except his foreign policy” seem to have believed. Bernie Sanders pretends to be antiwar, but as usual with socialists, a closer look shows he doesn’t really mean it. But even if he did, as a socialist he simply wants to point the guns at different targets – the undifferentiated aggregates like “the rich” to whom he urges his followers to direct their uncomprehending hate. Ron, on the other hand, is calling on us to put the guns down, and for peaceful interaction both between nations and among individuals. It is a position most people had never heard of before 2008, since election campaigns are all about grabbing the machinery of state and pointing its guns at whatever group the eventual victor despises. But Ron captured the imaginations of millions of intelligent young people, whose brains hadn’t yet been deformed by an American political culture designed to deprive them of humane possibilities. Ron turns 80 this month, and continues his life’s work of truth-telling. Wish Ron a happy birthday by joining us for a celebration in Lake Jackson on August 15, and by reading this extraordinary book. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Turned Up, Buy Gold on Close Above $1,106 Posted: 07 Aug 2015 05:55 PM PDT
This week you'd have thought SILVER and gold prices were going to drop off the edge of the earth and the dollar was going to soar. Bottom rail's on the top now. Silver actually rose this week and the gold price is a measly 80 cents lower. Dow in Gold and Silver are sharply lower, and stocks are looking a mite peaked. Dow broke crucial support today. Dollar Index probably topped this week, and platinum and palladium have gotten so cheap they may just stop mining 'em. The GOLD PRICE rose $3.90 (0.35%) to $1,094.10 while silver gained 14.6 cents (1%) to $14.816.
Silver Bumped plumb up to the top of its range today with a $14.99 high, and closed over $14.75 resistance and its $14.78 20 DMA. Must break through $15.00, but that should come Monday or Tuesday. Buy gold on a 1 day close over $1,106, or silver on a close over $15. Y'all've been waitin'. Now do something. Do y'all reckon the vampire killer relishes pounding that wooden stake in the vampire's heart? Now what makes me think of that when I go to discuss the US dollar index? Dollar index has been topped, blocked, and sealed. Back in June, y'all recall, it broke upside out of an even-sided triangle. That rise lasted until 98.31, when it hit the wall and slid down it. Wednesday it hit 98.33, but couldn't close up there. Thursday it slipped down, then today again tried that top with a 98.43 intraday high. From there it lost 75 basis points to end the day at 97.62, down 0.24%.
You'd think that the lying US jobs report which deftly fabricated better employment, which implies the Fed will raise interest rates next month, would send the dollar up, since interest rates are a prime driver of exchange rates. Most likely it was speculators "buying the rumor and selling the news." By the way that lying jobs report was so good it said the US economy created 215,000 jobs -- enough so that, according to the report, Bigfoot has found a new full time job AND a part time job and Santa Claus is hiring new elves. Euro and yen dithered and dodged around about like they have been doing. Y'all need to beware the post hoc ergo propter hoc logical fallacy. That means to draw the wrong conclusion that because something happened AFTER something else it also happened BECAUSE OF that something else. "Wet streets cause rain." This fallacy is a media favorite, especially when they have no clue what's happening, which is 99.8% of the time. Hence headlines this evening, "US Stocks drop after solid jobs report suggests higher rates."
Dow lost 46.37 (0.27%) today to close at 17,373.38. What signifieth that number? It's below 17,400, which had caught the Dow two previous times (17,465 and17,399). That close also pushes the Dow over the support line stretching back to March, and sets it up to break the year's low at 17,038. Watch, just y'all watch. Chart on the right.
Lo, the Dow in silver punched through that 20 DMA and uptrend line today like your finger punching through wet cardboard. Ended at 1,172.21 oz., down for the week. Y'all enjoy your weekend. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Peter Schiff : The Last Thing That Fed Wants is a Rate Hike Posted: 07 Aug 2015 05:00 PM PDT Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse. Visit the new website Schiff On The Markets for exclusive content. Peter Schiff is a well-known commentator... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Guest Post: Is Donald Trump Broke? Posted: 07 Aug 2015 03:55 PM PDT Doug Litowitz raises a speculative contrarian position on Donald Trump's exact worth, based on what was released to the FEC. The bottom line is that no one knows Trump's net worth, but the speculation usually starts in the billions. Doug Litowitz explores the opposite possibility, namely that Trump is, in relative terms, broke. This is solely his speculation and is not meant as a factual statement but a possibility that has been ignored in the mainstream press. Submitted by Doug Litowitz via TheAlphaPages.com, I’ve just slogged through all ninety-two pages of Donald Trump’s financial disclosure submission to the Federal Election Commission, and I can’t make heads or tails of it. I cannot tell how much Trump is worth, if anything. His empire, if he has one, is as mysterious as his haircut, and as impervious as his skyscraper in Chicago - a gigantic phallic mirror named after himself. In terms of real, lasting assets - is Donald Trump worth roughly $10 billion? The mainstream press erred horrendously by taking seriously Trump’s disclosure to the FEC, by asking reporters to sit down with the document and try to understand it on its own terms, so to speak. This approach yielded nothing but exhaustion and bewilderment. No one dared speculate that Trump’s purpose in disclosing so much was to disclose so little. It was a 52-Card Pickup, a maze of trees without a forest. The assets - some as small as the single-digit thousands - pile up like obsessive compulsive do-dads in the claustrophobic home of a hoarder. The range of projects goes beyond greed and passes into desperation. High rise buildings and golf courses are one thing, but the list of assets quickly degrades into obscure wineries, Israeli vodka and energy drinks, a mattress and clothing line, television shows, a pension from the screen actors guild, bottled water, book royalties, speaking gigs, and endless inchoate and impossible to value ‘marks’ (i.e. trademarks) and positions in partnerships that have his own name. This is why the New York Times threw up its hands and proclaimed with cool intrigue that Trump’s income and wealth were “hard to pinpoint.” The Wall Street Journal punted, saying tautologically that Trump’s disclosures contain disclosures totaling at least $1.5 billion, but conceding that the actual numbers are not known. Forbes puts his wealth at $4 billion, Bloomberg at $2.9 billion. Trump said recently that he is worth $10 billion and that his wealth has increased by more than $1 billion in the last year due to spiraling real estate prices (this was probably supposed to impress people, but it actually shows a dangerous volatility). The FEC form allows the filing party to value assets and liabilities within a range or at an upper limit, and most of Trump’s assets are vague interests of indeterminate worth and undisclosed indebtedness. Trump’s illiquid assets and unknown liabilities may or may not offset each other – and he isn’t telling. What does that leave? Not much. A relatively small amount of money in a couple of hedge funds, and brokerage portfolios of garden-variety stocks, a couple hundred thousand in gold, and other ho-hum assets consisting almost entirely of his ‘marks.’ He could be worth hundreds of millions, theoretically, but if leveraged, his worth could be negative. Who knows? This ambiguity plays into Trump’s hands: he loves a playing field where there is no difference between reality and fantasy, where the majestic paneled board room is really a stage set, where he is Making America Great by manufacturing clothes in Bangladesh, where he insults Mexicans and then sues a Spanish television network for not showing the Miss USA pageant, a paean to female innocence brought to us by a womanizer on his third marriage. This is Trump-territory: a nowhere land in which he threatens to sue anyone who disparages the size of an empire that he refuses to disclose. You will never figure out Trump’s worth by looking at numbers. He’s far too slick for that, he can hide the ball forever. So let’s put aside the numbers. Instead, let’s look at his FEC submission as a psychological document, a testament, a confession. Here we are faced with a paradox: Trump does not speak, act, or behave like a normal billionaire, nor even like a renegade or eccentric billionaire. He behaves like someone who is desperately broke. I know that sounds odd. Improbable. Counterintuitive. And I don’t – I can’t – I won’t - say for certain whether he is broke. But I think it is a very distinct possibility. I base this judgment on many years of working closely with very rich people. I’ve had the pleasure – though that is not quite the right word – of spending a lot of time around people who are extremely wealthy, and none of them behaves remotely like Trump. For one thing, true billionaires hate seeing their name in the papers or being discussed in public. They don’t want people stealing their ideas, they don’t want scrutiny from regulators, they don’t want others to control the narrative about their business dealings, and frankly there is no financial advantage to being well known among ordinary people who don’t have money to invest. The truly wealthy seek to be known in the right circles and not to the general public. It’s a fair bet that if the richest twenty hedge fund managers walked down the street, no one in the general public would turn their head; conversely, it is a also a fair bet that the twenty guys at the airport talking loudly into their cell phones about how they are returning to the head office after closing a big deal in Baltimore are actually worth next to nothing. Powerful people have secrets, barriers, walls. If Trump really had special ideas or assets, he would crave secrecy, not publicity. Second, the truly wealthy do not brand themselves. Whatever you may think of how Bill Gates or Warren Buffett or Steven Cohen made their fortunes, they did not get into the bottled water industry to compete with “Trump Ice,” nor do them sponsor beauty pageants or have television shows where they send out contestants to make ice cream cones and then berate them mercilessly for choosing $1.45 as a price point. There is a very revealing type of bullying taking place on Trump’s show The Apprentice. He never puts himself up against equals in world of finance, but surrounds himself with childlike sycophants whose fate he controls with an iron hand. By demonstrating so much power against unequal opponents, and by expressing this power in an artificial setting, he actually conveys his own powerlessness in the real world. In attempting to come off as patrician, he devolves into sanctimonious self-aggrandizement while flanked by his robotic and obedient offspring who are displayed like products. Third, billionaires do not announce how much money they have. It’s déclassé. And they don’t want to boast because it gives the Internal Revenue Service, the SEC, and regulators another bite at the apple. If someone says you are worth $1 billion and you are really worth $10 billion that can be great news! Use it to your advantage. Finally, real billionaires also choose their deals carefully, weighing risk and return. They don’t start clothing lines or energy drinks because the risks (bad reviews, parodies, lawsuits) outweigh the rewards. What kind of person starts their own Trump University and then lets it dissolve a few years later amid lawsuits and investigations by the New York State Attorney General that the students were being defrauded. What is the economic advantage to a billionaire 10 times over of having a brand of bottled water that brings in $280,000, or a beauty pageant, or a line of cheap clothing, or a modeling agency, when the money can just sit in an account that mirrors the market and makes double digit growth? Some of these eponymous projects can be dismissed as flights of narcissism; but there are so many that something other than narcissism is at work here. It smells of overreach, desperation, and pettiness. Fourth, consider how Trump reacts with vituperative indignation when anyone has the temerity to question his supposed wealth. When comedienne Rosie O’Donnell claimed that Trump was a “snake oil salesman” who had been bankrupt, he threatened to sue her for defamation (presumably because the bankruptcy of Trump casino was not a personal bankruptcy for Trump himself). When MSNBC reporter Lawrence O’Donnell suggested that Trump was worth less than $1 billion, Trump threatened to sue. A decade ago he sued the author of a book about him for claiming that he was only worth a few hundred million instead of the nearly $3 billion that he claimed to be worth at the time. He even threatened to sue his ex-wife Ivana for talking too much about his finances, in violation of her agreement to keep quiet. Methinks he doth protest too much. Why threaten to sue someone for underestimating your wealth . . . unless . . . unless . . . unless the sole valuable asset that you have is the general belief that you are worth $10 billion? Unless, that is, if you are really much poorer, and you have nothing to fall back on besides your reputation, and your main asset is the impression you convey. In that case, you might consider doing precisely what Trump does. Here is where I am heading: Could it be the case that Trump is an empty suit with no meaningful net assets other than his persona, his brand? That like a shark, he has to keep moving and keep projecting the image of great wealth, or else his empire will sink? This is consistent with the FEC disclosure document where so many of his assets are ‘marks’; in other words, he makes money by lending his name. Trump’s FEC document impresses me as the statement of a person who does not have much of anything other than himself – he is his own product. He is the professional wrestler of the financial world – a person who is famous for being famous, the tragic product of a society that produces images instead of actual things. Yes, he has built a few golf courses and buildings, but so have others – on a bigger scale; what he has really built is himself, or rather a caricature of himself. My suspicion is that Trump has nothing other than himself. He invented himself. He is his own brand, and that is all he is. Any crack in the mask will cause the whole thing to crumble down. It is fitting that he gets a pension from the Screen Actors Guild. He is an actor who plays a man worth $10 billion. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Will a Border fence fix The Immigration Problem? Posted: 07 Aug 2015 03:30 PM PDT Maricopa County Sheriff Joe Arpaio weighs in on the immigration debate.Watch Neil Cavuto talk about Elections on Cavuto. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| An Addendum to "Rumblings of War" Posted: 07 Aug 2015 03:21 PM PDT Dear CIGAs, I would like to add a little clarity. There have been questions such as “if the Chinese sell Treasuries and interest rates go up, isn’t that bad for gold?”. Simply put, the market place WILL generate interest rate levels, NOT the Fed. The Fed can and has pegged interest rates but they only... Read more » The post An Addendum to "Rumblings of War" appeared first on Jim Sinclair's Mineset. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mars Rover captures image of crab-like object Posted: 07 Aug 2015 02:30 PM PDT The Mars Curiosity Rover has taken a strange image of a crab-like object on the red planet. The picture is captivating the minds of space enthusiasts all over the world. 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! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Not Bad For a Non-Farm Payrolls Posted: 07 Aug 2015 01:20 PM PDT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shopping For 100x Stocks in Oil and Gas Posted: 07 Aug 2015 12:30 PM PDT This post Shopping For 100x Stocks in Oil and Gas appeared first on Daily Reckoning. I'm back from Vancouver, where I spoke at the Sprott-Stansberry Natural Resource Symposium. I enjoyed the conference and chatted with attendees, other speakers and mining executives. It's in a great setting at the Fairmont Hotel Vancouver, and the city is a pretty place in the summer with its sunny skies, glistening waterfront and green mountains behind. So I've been thinking more about the natural resource sector in the context of making 100-to-1. Below, I want to talk about what is the most important thing to look for and give you an example of a company that gets it. After all, resource stocks would seem a good place to fish. Cheap stocks appear plentiful. Stocks linger near lows not seen since the 2008 crisis. Investors in resource stocks over the last five years must feel like they've been stung by a swarm of bees. The stings just kept coming. It's not hard to find stocks down 90% from their 2011 highs. Even shares of the big, leading miners have been stung badly. Off the top of my head, I thought of some miners and pulsed stock quotes: Freeport-McMoRan, the copper giant, down 69% in the last five years. BHP, the big diversified miner, down 45%. Vale, the Brazilian giant, down 80%. Teck Resources, once an $80 stock, trades for just $7. I could go on… The question is how to pick your way through this sector. And to answer that question, let's assume ignorance as to what commodity prices will do. Some speakers wanted to pretend they had a good bead on what prices of oil or copper or whatever will do. I don't share that view. Nobody knows. Instead, I want to base my analysis on the economics of the assets in question. I want to make money even if the commodity goes nowhere. In my talk in Vancouver, I spoke about the importance of return on invested capital and the ability to reinvest profits at a high rate of return. If a business has $100 invested in it and earns a $20 profit in a year, that's a 20% return. That's great. Even better if it can take that $20 profit and reinvest it along with the $100 and earn another 20% next year… and the year after that and the year after that, for as long as the eye can see. In my study of 100-baggers, I found this was the most important characteristic to look for. (My book 100-Baggers is out in an e-version. The hardcover will be out in September. You can grab a copy here for $4.95, which covers shipping and handling.) In the resource sector, such birds are rare. But there are some. I talked about the royalty and streaming companies as a good example. (I published some notes to readers of my Mayer's Special Situations newsletter. The Daily Reckoning republished an excerpt here.) But there are others. Brad Farquhar, the CFO at Input Capital (more below), told me about Peyto. He's owned the stock for years and pointed me to it again recently, as it's sold off and sits at 52-week lows. Peyto is a low-cost natural gas producer in Alberta's Deep Basin. The CEO is Darren Gee. He writes monthly letters to his investors on various topics affecting Peyto. But one thing comes through loud and clear. "Our strategy at Peyto," Gee writes in the August letter, "and… our sole focus is about maximizing the return on capital for shareholders." [Bold added.] Well, there it is. This is more than just talk. "We pride ourselves on converting capital to cash flow faster than almost anyone else in this industry," Gee writes. Then he provides a chart that proves it. In fact, there are many charts at Peyto's website that show off its strengths in all kinds of ways. The disclosures are excellent. Gee gets it. And he's deeply committed to the idea. In a November 2014 letter, he writes about the book The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike. This is an important book in the quest for 100-baggers, and I spend a chapter on it in my own book. Here is Gee. This made me want to buy the stock right then: "Peyto follows the same basic business principles, which were boiled down to this:
"Ultimately, I believe Peyto's competitive advantage comes from the same place as many of these [Outsider] firms. We practice 'radical rationality,' and we (all of us at Peyto) take the approach of long-term investors and owners." I cannot emphasize enough how rare it is to find this commitment in a resource name. Most oil and gas companies are terrible about spending their profits (assuming they have any). Gee is not. Gee reminds me of Ken Peak, the late CEO and founder of Contango Oil & Gas. Peak, too, obsessed over return on capital on a per share basis. He was a great CEO, and Contango was a great stock, running from under a dollar in the late 1990s to $92 per share in 2008. (It's a different company now, sadly.) They don't make many like Peak. Or Gee. Gee made an explicit comparison of Peyto against the celebrated outsiders in Thorndike's book. Linger over this table for a minute. (Note: CAGR stands for compound annual growth rate):
That's incredible. Peyto is a 637-bagger. If there ever is a second edition of the book, Gee belongs in it. You can find Gee's letters on Peyto's website. If you are interested in oil and gas, I recommend you add them to your monthly reading pile. Investing is a people business, and Gee is clearly the kind of guy you'd want to partner with and learn from. Conveniently, too, the stock is down. It's a proven winner in the space, and if you want to take a shot at an oil and gas name, I think you'd be hard-pressed to find a better company than Peyto. (This is not an official recommendation, at least not now — just an idea I'm passing along for you to do with what you will.) Regards, Chris Mayer P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics from every possible angle. 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 Shopping For 100x Stocks in Oil and Gas appeared first on Daily Reckoning. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| WARNING! What is Happening in September 2015? Posted: 07 Aug 2015 12:30 PM PDT Collapse of AMERICA - September 2015 - Will The Stock Market Crash? Is This Real? WATCH NOW! Many believe September 2015 marks the time when several major events of Biblical Proportions and of divine origin, will take place in AMERICA. Should these events occur, the entire world will... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price’s Artificial Lows Posted: 07 Aug 2015 11:53 AM PDT With gold languishing near deep secular lows, its technicals look hopelessly broken. Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely. But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces. Extreme record shorting by American futures speculators spawned these artificial lows. Gold’s price is its price, so how the metal got way down here may seem irrelevant. But nothing could be farther from the truth! Fundamentally-driven lows are righteous. If the world gold supply expands faster than demand, or demand contracts faster than supply, then the resulting lows are real. They will persist for as long as fundamentals remain unfavorable, as gold’s sellers have no obligations whatsoever to return. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Next Silver Bull Market May Have Already Started Posted: 07 Aug 2015 11:41 AM PDT By Laurynas Vegys Silver is down 7.1% this year. Will this weakness persist? To find out, let̢۪s look at the key factors in the silver market this year. Like gold, silver fell as the US dollar rose on the back of expectations that the Fed will hike rates. World demand for physical silver fell 4% in 2014, largely due to a record 19.5% drop in investment demand. Silver exchange-traded funds (ETFs) did not see big liquidations in 2014. ETF holdings grew by 1.4 million ounces and recorded their highest year-end level at 636 million ounces. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 07 Aug 2015 11:23 AM PDT Local Motors CEO Jay Rogers on developing 3D-printed cars.Watch Stuart Varney talk about Auto on Varney. 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! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lindsey William's elite friend gives 3 month warning for Economic Implosion Posted: 07 Aug 2015 10:57 AM PDT Lindsey Williams Drops NWO Bombshells Coming in 2015 Conspiracy Fact - 104.1 KQTH Saturdays 4-5pm. Lindsey Williams releases newsletter including oil executive friend warning of economic collapse between Sept. 2015 - Oct 2015. Jade Helm 15 map coincides with map of US veteran... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| History Repeats. Gold Protect From Devaluations and Risks Posted: 07 Aug 2015 09:23 AM PDT Simplistic gold analysis speculates solely on price Forgets vital importance of diversification Lorcan Roche Kelly’s analysis lacks all context Ignores huge physical demand for gold coins and bars Today’s world is very different to the world of the 1980s and 1990s Alas, financial crisis has been postponed not averted Physical gold will have value when paper and digital wealth is devalued, confiscated or inaccessible … | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 07 Aug 2015 08:32 AM PDT This post 100x Hunting in Vancouver appeared first on Daily Reckoning.
"Over a period of years, our thinking has focused more and more on the issue of reinvestment as the single most critical ingredient in a successful investment idea, once you have already identified an outstanding business." — Chuck Akre, Akre Capital Management I've just returned from the Sprott-Stansberry Vancouver Natural Resource Symposium. I expected to find a lot of exuberant resource bulls at the conference. After all, the natural resource sector is the most bombed-out sector in the market. Many stocks are down 90% — or more. And yet many long-term bulls on the sector were only tepidly bullish on natural resource stocks. As Eric Fry, our MC (and editor of The Non-Dollar Report), quipped, maybe they're waiting for the stocks to drop 92%. It's certainly been an ugly trip for natural resource stocks since 2011. Well, not all natural resource stocks… In my talk, I applied what I've learned studying stocks that have returned 100-to-1 over the last 50 years or so. (My book 100-Baggers is out now in PDF but will be available in hardcover in September.) The most important principle is that a firm earns a high return on capital and — this is crucial — has the ability to reinvest profits and earn those returns again and again. So if a business with $100 invested in it earns a 20% return, that's $20 in cash earnings. If it can take that $20 and reinvest it along with the $100 and earn another 20% — and do that again and again for years — then that's 100x material. The question is are there such stocks in the natural resource world? Yes. One such example I talked about was Royal Gold. It has a wonderful business model. It doesn't mine gold itself. It has just 20 employees. A Steve Bregman at Horizon Kinetics (a large money management firm and a shareholder in Royal Gold) put it: It collects royalties from mining companies for which it helps to fund mine development. In exchange for that funding, Royal Gold gets to buy a given proportion of a mine's output for an extended time frame, say, 30 years or for the life of the mine, but at a discount. When gold was trading for $1,200 an ounce last year, Royal Gold wrote contracts granting it the right to purchase future production at $400 an ounce — that's a two-thirds discount. This allows for a high return on capital. Royal Gold has also reinvested profits in new royalties. The end result you can see in the stock. The gold mining sector has suffered a lot of pain. The GDX, a popular ETF of larger gold miners, is down 72% over the last five years. The GDXJ, made up of smaller miners, is down 82%. And yet Royal Gold's stock is up 13%, excluding dividends. The figure itself is not high, but against the backdrop of gold miners, it is astonishing. It shows you the power of a great business model in a hostile environment. If you want safer exposure to natural resources, then I recommend you look at the royalty companies. The biggest of these are Royal Gold, Franco-Nevada and Silver Wheaton. There are a number of smaller royalty companies out there as well. I plan to give all of these stocks another look. Another example I talked about was Input Capital (INP:tsx-v). Input Capital is in the canola streaming business. Input funds the working capital needs of farmers to pay for things such as seed or fertilizer. In exchange, Input earns a certain tonnage of canola at a discount to the market price — much like Royal Gold's ability to purchase future gold production at a discount to the price of gold. Input is debt-free, growing 30% per year and earns a high return on its capital. (Insiders own 20% of the stock, fully diluted.) Input also has the ability to take all of its cash earnings and reinvest them in new canola streams. Currently, Input has C$90 million invested in 78 streaming agreements. It started with 10 in 2013. There are more than 40,000 canola farmers in Western Canada. Input only needs around 400 and it will be a C$10 stock someday. The firm began trading in 2013. The company did its first funding at a C$1 per share. It opened in the public markets at C$1.60 and today trades for C$2.48 per share. Again, you can see the power of a great business model. Investing in these types of companies makes time your friend. The longer you're in the stock, the better. This is not true for most resource companies. It's as Mencken once said about marriage: Men have a much better time of it than women. For one thing, they marry later; for another thing, they die earlier. At the conference, there was also plenty of grist for the speculators. There was a long list of CEOs of junior miners. These stocks often trade for less than a dollar. They have no or minimal cash flow. And they usually face heavy development costs. Playing the junior space is like throwing dice. My favorite among the ones I saw was Robert Friedland's Ivanhoe Mines. The best summary I heard was this: "Ivanhoe's worst asset is the best zinc deposit in the world." Robert Friedland is a legend in the natural resource space. He is a great salesman and financier. And he's assembled a world-class collection of assets in Ivanhoe, a company with a market cap of $436 million. The stock is 56 cents this morning, up 5% as it enjoys the afterglow of Friedland's riveting talk. The man could talk you into having a lifeguard at a carwash. But there is no denying the quality of Ivanhoe's assets. It has three world-class deposits that could be worth $4 billion altogether. The problem is they require billions to develop. With Friedland at the helm, though, I wouldn't bet against him. Later, on a panel of six, four of us named Ivanhoe as our favorite speculation in the sector. Rick Rule, a legend himself in the resource sector and the moderator of the panel, said that you can lose a lot of money on Ivanhoe, but you could also make a "stupid amount of money" if it works. Ivanhoe's stock, as mentioned, is 56 cents per share. What's eye-rubbing about that is the stock was $1 in January. The 52-week high is $1.41. As recently as 2013, it was over $5 per share. I heard Steve Sjuggerud, the editor of True Wealth, make a simple observation that seemed to stick with people, as I heard it repeated a couple of times. If a stock falls 95% and then doubles, how far are you down from your initial entry price? The answer is you're down 90%. That's just math. But it does hint, possibly, at the upside in some of these pounded names. Ivanhoe, for example, could triple and would still be down two-thirds from where it was in 2013. Regards, Chris Mayer The post 100x Hunting in Vancouver appeared first on Daily Reckoning. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 07 Aug 2015 08:14 AM PDT This post It’s A Jobs Jamboree Friday! appeared first on Daily Reckoning. Today's Pfennig for your thoughts… Good day, and a happy Friday to one and all! Well, let’s talk about the Reserve Bank of Australia (RBA) printed their Quarterly Monetary Policy Statement, and much to the surprise of the markets, the RBA and their Gov. Stevens, pretty much threw cold water on the markets’ insistence that interest rates in Australia would drop further this year. You know me, I just keep saying that the Aussie economy doesn’t appear to me to be in need of additional rate cuts, but that’s just little old me, I’m no hedge fund manager, or head currency trader at JP Morgan or Goldman Sachs! Of course I would love to have the time and the ability to go back in time and keep score on who was right and who was wrong between me and those “BIG BOYS”! But who’s counting? I’ll have more on being right and wrong later, but for now let’s stick to the RBA, Chuck! So, the Aussie dollar (A$) is the best performer overnight after seeing the color of the MPS (monetary policy statement), but, being the best performer on a night before the U.S. Jobs Jamboree that has most currencies swimming close to the dock, isn’t like saying that the A$ is soaring! It’s just the best performer overnight, and leave it at that! Getting back to the MPS and the RBA, it was interesting to see them be more positive about the economy. For once, a Central Bank (not counting the Fed, who sees things with rose colored glasses) that talks nicely about their economy, thus risking currency strength. What are they thinking? That could ruin their goal of introducing inflation into the economy while promoting growth! HA! On a sidebar here, I would have to say that in reality, the Central Banks around the world have all failed miserably at their goal of introducing inflation into their economies, using the tools that have ranged from zero interest rates, to Quantitative Easing, to stimulus, and all points in-between! That’s my thought and I’m not changing it! So, the currencies are pretty much flat this morning, but up a bit if you really look closely. I don’t think this trading is telling us anything though, other than traders are not going to go pushing the envelope here with the Jobs Jamboree a couple of hours away. As I said above, this month’s Jobs Jamboree holds more significance than previous months, in that, the traders have basically pinned their colors to the mast of: A strong jobs report seals the rate hike for September. Traders, investors, hedge funds, institutions, etc. have all basically gone all-in on a strong jobs report. But what happens if the Jobs report for July disappoints? So. that’s where I’m going this morning, I’m going to go with a disappointing report. Hey! Somebody has to be on the other side of the fence, and right now, there’s no one, but me! Well, I got over my near heart attack yesterday when I heard about the IMF’s delaying their decision on adding the Chinese renminbi to their basket of reserve currencies that make up their Special Drawing Rights (SDR’s). I settled down after talking to the Big Boss, Frank Trotter. Now I don’t know if he used Jedi Mind Tricks or not, but when I finished talking to him, I felt better, for he made me realize that I gave several presentations a few years ago, titled: What may be evident, might not be imminent. And that’s what’s going on here folks. Yes, it’s quite evident to me and quite a few other observers, that the IMF will add the renminbi to their basket, but that decision appears not to be imminent. And here’s the reason why I think the IMF delayed the decision. I think it all came down to whether the renminbi floated or was kept managed. The Chinese probably wanted to continue managing it for a while longer, and the IMF said, OK, if you want to keep managing it that’s fine, come back when you’re ready to float the currency. You see, the renminbi is pegged to a basket of currencies, that basket has never been announced, but most observers, including me, believe that the basket consists of the other reserve currencies. So, if the renminbi were to be added as is, what good would that do? Not much. The currency needs to be floating when added, so as to diversify the basket of reserve currencies in the SDR’s. Now yesterday, I talked about how I believed the float for the renminbi was coming and we wouldn’t have to wait too long. So that plays well with this whole new development. Who knows, maybe China asked the IMF to delay the decision so that China can get their ducks in a row for a floating currency. We might never know, but that’s about how I see it all playing out. So forgive me for putting so much into the IMF making this decision this October. The good news is that the IMF is going to revisit this next year, and not wait until 2020. The dollar strength might remain with us a bit longer than I suspected. I thought this autumn would be the perfect storm to upset the dollar’s apple cart. We had the IMF decision in October, we had the Fed, in my opinion, pushing the rate hike out further in September, and we had the economy slowing and showing no growth to speak of, as the leading contenders to upsetting the dollar’s applecart. We still have the slowing economy, and the Fed’s rate decision in September that could do some upsetting of the dollar’s applecart, but it won’t be the perfect storm that the IMF decision would have made this. So, again, it’s all evident, just not imminent… yet. Another thought going through the markets right now is that the IMF made this decision, ahead of time I might add, to diffuse all the talk and hype that was beginning to build that centered on China’s renminbi being added to SDR’s. Maybe, that’s what they did. And then we must not forget that that largest voting member of the IMF is the U.S. and that’s all I’m going to say about that! Speaking of being wrong about the IMF decision — I take that stuff with much difficulty, folks, but I don’t let it bring me down, it’s only castles burning, just find someone who’s turning, and you will come around. You see, if I did let it bring me down for too long, I would not continue to go out on limbs and say things like: “The Fed is not going to hike rates in 2015, and if they do, it will be so small and only to save face with the markets and media.” Now regular readers know that I said that last year, when everyone was pointing to March. Then everyone was pointing to June. And now everyone is pointing to September. But, riddle me this Batman, what’s changed now vs. March that would lead the Fed to hike rates now instead of then? Nothing, absolutely nothing! Key data prints are still either missing their targets, or printing negative, except housing and labor, and one is a direct result of low interest rates that are seen to be going higher, and the other one is a bunch of dookie folks. We know it, and I’m sure the Fed members see it too. So. I was reading one of my new fave writers: Jared Dillian, who writes the 10th Man letter for Mauldin Economics, yesterday, and he was addressing this being wrong about something too. Here’s his take: And this is sort of the game that the newsletter writers play, too-many of them try not to say anything falsifiable, because God forbid someone could go back on the Internet and point to something where you were wrong. And if you are wrong, there is shame associated with that. So I am saying on the Internet that I do not think there’s going to be a rate hike, and I might be proven wrong. I’m a trader at heart. You win some, you lose some. Right on Jared! Yesterday Germany printed a very strong Factory Orders number, and unfortunately, Germany couldn’t keep the good times rolling, as they printed a disappointing Industrial Production number this morning. Second QTR Industrial Production fell -1.4% in Germany. The first QTR IP was revised upward by 0.2% but that didn’t help the 2nd QTR number. The euro is flat to looking a little weaker, but did rally nicely yesterday on the strong Factory Orders number and regained the 1.09 figure. So, the U.S. Data Cupboard is dominated today with the U.S. Jobs Jamboree. I’ve told you how I’ve become so dissolutioned with the BLS jobs data each month, that I’ve decided to not get involved in the hype, and prefer as I’ve always done with following the Avg. Hourly Earnings and Avg. Weekly Hours Worked, and the Labor Force Participation Rate. But for those of us not enamored with the Jobs Jamboree, there will also be a print of Consumer Credit (read: debt) for June this morning. Look for this number to have increased from $16 billion to $17 billion. Well, gold finally saw some buying yesterday, and drove the price higher by a small amount, and the same is going on this morning. I saw a report yesterday that said that gold could fall below $1,000 on a strong U.S. Jobs report. Well, it’s going in the opposite direction right now, so I wouldn’t get too upset with the report, people have to write about something, and sometimes they decide to write about things they have. No wait, I don’t need to go there! In addition, I saw an email that the GATA people sent out yesterday that was pretty interesting. Here’s the meat of the email: A Bank of England policy study written in 1988 describes gold as “the ultimate store of value and medium of exchange” because it carries no counterparty risk but cautions against increasing the United Kingdom’s gold reserves because doing so might be construed as a negative comment on the U.S. dollar and thus would risk giving “great offense to the United States. Yes, that’s right. this isn’t something that the GATA people made up. They pulled it from the Bank of England’s records! I found this on Zerohedge.com yesterday, but had forgotten all about it, until I opened up Ed Steer’s letter this morning, to see that he had caught it and put it on his letter, so thanks Ed for the reminder! Here are a couple of snippets, and as usual the entire story can be found here: While we await for the BLS to report another seasonally adjusted Initial Claims report which will be near multi-decade lows, a far more disturbing report was released moments ago by outplacement consultancy Challenger Gray, which has done a far better job of compiling true layoff data, and which reported that in July there was a whopping 105,696, up 136% from the 44,842 job cuts in June, and the highest in nearly four years, or since September 2011, which the last time there were more than more than 100,000 layoffs. Worse, the July surge brings the year-to-date job cut total to 393,368, which is 34 percent higher than the 292,921 cuts announced in the first seven months of 2014. This represents the highest seven-month total since 2009, when 978,048 job cuts were announced amid the worst recession since the Great Depression. According to Challenger, more than half of the July job cuts were the result of massive troop and civilian workforce reductions announced by the United States Army. The cutbacks will eliminate 57,000 from government payrolls over the next two years. Chuck again. I recall a few years ago, when the Big Boss, Frank Trotter, would talk about the labor gains in the U.S. and point out how that the number one employer had been the military and wondered out loud what would happen when that turned around. Well, I guess we don’t have to wonder any longer. That’s it for today. I hope you have a fantastico Friday and a wonderful weekend! Regards, Chuck Butler P.S. The Daily Pfennig is first published everyday, 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 It’s A Jobs Jamboree Friday! appeared first on Daily Reckoning. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Rebound or Another Breakdown? Posted: 07 Aug 2015 05:39 AM PDT The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads us to the near term predicament. Is the sector basing before a rebound or merely consolidating before another steep leg down? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price? Posted: 07 Aug 2015 05:29 AM PDT 8:30a ET Friday, August 7, 2015 Dear Friend of GATA and Gold: Perth Mint research director Bron Suchecki writes today that while gold mining companies already running at a loss at the current low prices may have to hedge their production to survive, the practice will harm the industry generally if other companies engage in it. Suchecki's analysis is headlined "Will Gold Miners Hedge, As In the 1990s, Into a Falling Price?" and it's posted at the Perth Mint's Internet site here: http://research.perthmint.com.au/2015/08/06/will-gold-miners-hedge-like-... 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: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Myth of Gold Price Manipulation Posted: 07 Aug 2015 05:26 AM PDT How eager are gold bugs to believe their ill fortune over the last four years is the result of sinister forces rather than a lack of prudence on their own part? The answer is easily seen in the writings of gold commentators over the last few months. References to organized manipulation and an official conspiracy to suppress the gold price abound among many analysts and their followers. The collective passion behind this belief has reached a fever pitch and has created something akin to mass hysteria within the gold investing community. To even question this ingrained belief is to elicit the scorn of the conspiracy crowd. So ingrained is their belief that gold’s losses in the last four years are the result of manipulation that they refuse to pay heed to the underlying fundamental and technical reasons for the metal’s 4-year bear market. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Global Crude Oil Supply More Fragile Than You Think Posted: 07 Aug 2015 05:22 AM PDT Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China – have darkened the mood. Now a prevailing sense that oil prices may stay lower for longer has hit the markets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 07 Aug 2015 05:17 AM PDT Reader Matt writes ... Hello Mish, I love your blog. I read it every day. You are my non-conspiratorial viewpoint on the economy. Your work keeping an eye on and analysis of Greece lately has been very helpful to me in understanding the way of the world. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Joe Mazumdar Tells Gold Investors to Go Underground to Survive Posted: 07 Aug 2015 04:45 AM PDT Unlike many analysts, Joe Mazumdar of Canaccord Genuity does not expect a substantially higher gold price any time soon. So what are hard-pressed gold investors to do? In this interview with The Gold Report, Mazumdar argues that they should seek high-grade resourcesâ€"usually undergroundâ€"in stable jurisdictions that benefit from the strong American dollar. And he highlights seven near-term developers that offer exactly that. The Gold Report: The price of gold flirted with $1,300 per ounce ($1,300/oz) in January. In July, it fell below $1,100/oz. What happened? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Holter: For China, Treasuries and gold are powerful weapons Posted: 06 Aug 2015 07:36 PM PDT 10:35p ET Thursday, August 6, 2015 Dear Friend of GATA and Gold: Market analyst Bill Holter writes tonight that China will not take kindly to the International Monetary Fund's postponement of the inclusion of the yuan in the agency's Special Drawing Rights currency. China, Holter says, may retaliate by dumping U.S. Treasuries and blowing interest rates upward or forcing the Federal Reserve to monetize billions of bonds. China also may retaliate, he adds, by pulling the veil off the central bank gold market-rigging operation. Holter's commentary is headlined "The Rumblings of War" and it's posted at JSMineset.com here: http://www.jsmineset.com/2015/08/06/the-rumblings-of-war/ 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: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Protected: Gold Miners Added to Portfolio Posted: 06 Aug 2015 04:39 PM PDT There is no excerpt because this is a protected post. |
In a murky world of market fantasy, our first guideposts are the fundamentals themselves. Supply and demand can be misrepresented for a time through manipulated statistics, but the tangible effects of decline cannot be. Our secondary guideposts are the paths that internationalists and central banks bulldoze through the fiscal forest. To anyone with any sense, the endgame is clear: Total centralization is the goal, and economic fear is the tool they hope to use to get there. We have written on numerous solutions to this threat in past articles; but the first and most important action is for each of us to acknowledge, wholeheartedly, that the system we know is ending. It is over. What replaces that system will either be up to us or up to them. Only by admitting that there is an end to the fantasy, a painful end, will we then be able to help determine our future reality.
Ignore the Commodity Message at Your Own Peril. The Thompson Reuters/Jefferies CRB Index (CRB) is now at 2008 panic lows. Those who think the CRB Index says nothing about global growth…invest accordingly at your own peril. 
| You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment