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• Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day
• House of Representatives Passes Bill in 15 Minutes to Revoke Americans’ Passports without Due Process
• Gold Price Holding Well vs. 50% Odds of Fed Rate Rise in Sept as ADP Jobs Data Miss Forecast
• Are We Being Forced Into a “Second American Civil War”?
• 2:00PM Water Cooler 8/5/15
• Perth Mint Gold, Silver sales surge in July
• Faced With “Significant Deterioration,” Fed Begins Its Rate Hike Walk-Back
• Comex August Gold Deliveries Heat Up
• Bill Murphy: Violent And Breathtaking Moves Coming In Gold And Silver!
• Executive Order for Your Gold
• Harvey Organ: Backwardation!
• Bill Holter Asks: If No One Wants Silver, Why Did the US Mint Halt Sales?
• China’s Stock Market Collapse
• Fresnillo Gold, Silver output up in H1 profit declines
• How much gold should you have in your portfolio?
• Gold Two Steps Forward … One Step Back
• Gold: Accumulation With Prudence – Stewart Thomson
• How much gold should you have in your portfolio?
• Gold Halts Recent Decline, Remains Bearish
• Comex Gold Futures (GC) Technical Analysis – August 4, 2015 Forecast
• Gold Approaching A Bottom?
• Gold Alert: 4-hr chart offering traders set-up to join trend lower
• Gold Moves Sideways Near 1086.00
• Gold Technical Analysis: Waiting for Directional Catalyst
• Why gold shares are now a ‘very definite buy’
• Surge in demand for physical gold points to imminent price rebound
• Bo Polny: $9000+ Gold & $1000 Silver if $1072 Holds!
• How Cheap will Gold Miners Become?
• And Now It Begins
• Was The July 19 Paper Raid On Gold Implemented To Remove Gold From GLD?
• Jim Willie: Yuan To REPLACE Dollar As World Reserve Currency!
• 8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent

Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day Posted: 05 Aug 2015 12:30 PM PDT In just one day, a big chunk of JP Morgan's gold has been withdrawn from the COMEX:   From the SRSRocco Report: It's been a while since we have seen such a large single withdrawal.  According to the CME Group's Friday Warehouse Depository gold stocks, a whopping 200,752 ounces of gold were removed from JP Morgan's […] The post Big Chunk Of JP Morgan's Gold Holdings Withdrawn In One Day appeared first on Silver Doctors.

House of Representatives Passes Bill in 15 Minutes to Revoke Americans’ Passports without Due Process Posted: 05 Aug 2015 12:00 PM PDT The "war on terror" is a status quo fraud perpetuated by the oligarch-controlled mainstream media and authoritarian members of Congress as a way to systematically strip the American public of its freedom and civil rights in the name of fighting an outside enemy. This tried and true tactic has been used by statists throughout history, and […] The post House of Representatives Passes Bill in 15 Minutes to Revoke Americans' Passports without Due Process appeared first on Silver Doctors.

Gold Price Holding Well vs. 50% Odds of Fed Rate Rise in Sept as ADP Jobs Data Miss Forecast Posted: 05 Aug 2015 11:17 AM PDT Bullion Vault

Are We Being Forced Into a “Second American Civil War”? Posted: 05 Aug 2015 11:15 AM PDT Unfortunately, it can happen here.   Submitted by Mac Slavo, SHTFPlan: A culture war has been stirred up. Divisions are along predictable lines: racism, police abuse, controversial social issues, and plenty of left vs. right, demographics and regional baggage to clash over as well. And by all accounts, differences and distinctions between people have been […] The post Are We Being Forced Into a "Second American Civil War"? appeared first on Silver Doctors.

2:00PM Water Cooler 8/5/15 Posted: 05 Aug 2015 11:00 AM PDT Today's Water Cooler: Word of the day: oligarchy, how Trump can win, ADP stats, water woes, corruption, Eleanor Roosevelt on new dollar bill?

Perth Mint Gold, Silver sales surge in July Posted: 05 Aug 2015 09:30 AM PDT Silver coin sales nearly doubled to 746,700 ounces from 384,586 ounces in June, the highest since November last year.

Faced With “Significant Deterioration,” Fed Begins Its Rate Hike Walk-Back Posted: 05 Aug 2015 09:29 AM PDT The recent trickle of bad news has become a torrent. From just the past couple of days: Eurozone retail sales fall sharply in June (MarketWatch) – Retail sales in the eurozone fell more sharply than expected in June, a fresh sign that the currency area’s economic recovery remains too weak to quickly bring down very high rates of unemployment, or raise inflation to the European Central Bank’s target. The European Union’s statistics agency said Wednesday retail sales in the 19 countries that use the euro fell 0.6% in June from May, but were up 1.2% from the same month last year. It was the largest month-to-month fall since September 2014. Economists surveyed by The Wall Street Journal had estimated sales fell 0.2%, having seen figures from Germany that recorded a large drop. Eurostat said sales in Germany were down 2.3% from May. That’s a blow to hopes that low unemployment and rising wages in its largest member would boost the recovery in the eurozone as whole, as Germans purchased more goods and services from weaker parts of the currency area. But the weakness in retail sales wasn’t confined to Germany, and is also a setback to the ECB’s goal of raising the annual rate of inflation to its target of just under 2%. —————————— Oil prices slide as worries about global supply glut mount (Yahoo Finance) – The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months. The move came as traders braced for softer demand amid an increase in the number of active rigs and signs of weakness in U.S. construction spending and manufacturing. Benchmark U.S. crude fell $1.95, or 4.1 percent, to close at $45.17 a barrel in New York. U.S. crude has been declining since reaching a high this year of $61.43 a barrel on June 10. It’s down 15 percent so far this year. Brent crude, a benchmark for international oils used by many U.S. refineries, declined $2.69, or 5.2 percent, to $49.52 a barrel in London. It’s down 13.5 percent this year. —————————— US private sector jobs fall short in July (CNBC) – American companies added fewer jobs than expected last month, according to the latest ADP private payrolls report, dragged down by the struggling energy and nonvehicle manufacturing industries. ADP said Wednesday U.S. private employers hired 185,000 workers in July—below the 215,000 analysts had expected and lower than the downwardly revised additions of 229,000 for June. —————————— Commodities Are Crashing Like It’s 2008 All Over Again (Bloomberg) – Dear commodities investors: Welcome back to 2008! The meltdown has pushed as many commodities into bear markets as there were in the month after the collapse of Lehman Brothers Holdings Inc., which spurred the worst financial crisis seven years ago since the Great Depression. Eighteen of the 22 components in the Bloomberg Commodity Index have dropped at least 20 percent from recent closing highs, meeting the common definition of a bear market. That's the same number as at the end of October 2008, when deepening financial turmoil sent global markets into a swoon. Not surprisingly, the Fed is now wondering if its promise/threat to raise rates in September risks adding fuel to the deflationary fire (see Can You Imagine The Fed Raising Rates In This World?). So it sent one of its talking heads out to reassure rattled markets that it won’t do anything rash: Fed not yet decided whether to hike rates in Sept: Powell (Reuters) – Federal Reserve policymakers have not yet decided whether to raise interest rates next month, an influential governor at the U.S. central bank said on Wednesday, appearing to push back on more hawkish comments the day before by a fellow U.S. official. Fed Governor Jerome Powell said he and others on the policy-making Federal Open Market Committee will, between now and the closely watched Sept. 16-17 meeting, analyze data on the labor market in particular before making that decision. “Nothing has been decided. I haven’t made any decisions about what I would support, and certainly the committee hasn’t,” Powell said on CNBC. The governor’s unusual appearance on morning television came a day after a newspaper quoted Dennis Lockhart, president of the Atlanta Fed, saying it would take “significant deterioration” in the U.S. economy for him to not want to begin tightening monetary policy in September. This week’s numbers certainly look like “significant deterioration.” Based on current trends, it is now likely that US rates will not just decline in 2016 but will join those of Switzerland and Germany in negative territory. The experiment continues!

Comex August Gold Deliveries Heat Up Posted: 05 Aug 2015 08:36 AM PDT We watched intently as July Comex silver deliveries spiked to unusually high levels. Now, with August Comex gold in delivery, we're starting to see some of the same demand. No, it's not a "run" or a potential "default". It may, however, be another indicator of extremely tight global wholesale precious metal supply. read more

Bill Murphy: Violent And Breathtaking Moves Coming In Gold And Silver! Posted: 05 Aug 2015 08:30 AM PDT One of my sources says the silver is the most EXPLOSIVE they've ever seen it in terms of what is coming down the pike. To get it in size is extremely difficult and they expect it to disappear sometime this fall where you just can't get it – and they're adamant about it.     Submitted by […] The post Bill Murphy: Violent And Breathtaking Moves Coming In Gold And Silver! appeared first on Silver Doctors.

Executive Order for Your Gold Posted: 05 Aug 2015 08:08 AM PDT GoldandOilGuy

Harvey Organ: Backwardation! Posted: 05 Aug 2015 07:32 AM PDT The LBMA gold is witnessing a 7.40 premium spot/next nearby month as gold is now in backwardation!   Submitted by Harvey Organ: Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold:  $1090.70 up $1.30   (comex closing time) Silver $14.55 up 3 cents. In the access market 5:15 pm Gold […] The post Harvey Organ: Backwardation! appeared first on Silver Doctors.

Bill Holter Asks: If No One Wants Silver, Why Did the US Mint Halt Sales? Posted: 05 Aug 2015 07:00 AM PDT A very real problem or flaw in logic exists in the current gold and silver markets. If there is in fact so much selling (panic selling), how is it possible the U.S. Mint had to stop selling Silver Eagles nearly a month ago? It can only be for one of two reasons:   Submitted by […] The post Bill Holter Asks: If No One Wants Silver, Why Did the US Mint Halt Sales? appeared first on Silver Doctors.

China’s Stock Market Collapse Posted: 05 Aug 2015 06:55 AM PDT Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.

Fresnillo Gold, Silver output up in H1 profit declines Posted: 05 Aug 2015 06:27 AM PDT Adjusted revenues increased 9.6% to $822.4 million as a result of the increase in volumes produced and sold, partially offset by lower average realised silver and gold prices.

How much gold should you have in your portfolio? Posted: 05 Aug 2015 06:03 AM PDT Amid a sea of mainstream media gloomy gold gloating, this unemotional article from Financial Times' Alphaville blogger Matthew Klein asking the question how much of your portfolio should be in gold is worth a read. The first part discusses the idea that each person's optimal portfolio depends upon their unique personal circumstances and risks. For example, if you have a stable job like a tenured professor, you could afford to have a more risky portfolio than a casual labourer. Matthew then asks, so "do you have liabilities [ie risks] that gold can usefully hedge"? [read more]

Gold Two Steps Forward … One Step Back Posted: 05 Aug 2015 05:17 AM PDT gold.ie

Gold: Accumulation With Prudence – Stewart Thomson Posted: 05 Aug 2015 04:00 AM PDT Rather than staging a technical "break down", silver has essentially been trading sideways, and it has not traded significantly below than the November lows. From the May highs, silver has drifted lower, whilst gold fell somewhat violently. This difference in price action is typical when system risk fades, and inflation begins to dominate precious metals […] The post Gold: Accumulation With Prudence – Stewart Thomson appeared first on Silver Doctors.

How much gold should you have in your portfolio? Posted: 05 Aug 2015 03:17 AM PDT Perth Mint

Gold Halts Recent Decline, Remains Bearish Posted: 05 Aug 2015 01:10 AM PDT investing

Comex Gold Futures (GC) Technical Analysis – August 4, 2015 Forecast Posted: 05 Aug 2015 01:10 AM PDT fxempire

Gold Approaching A Bottom? Posted: 05 Aug 2015 01:10 AM PDT fnarena

Gold Alert: 4-hr chart offering traders set-up to join trend lower Posted: 05 Aug 2015 01:10 AM PDT cfdtrading

Gold Moves Sideways Near 1086.00 Posted: 05 Aug 2015 01:10 AM PDT investing

Gold Technical Analysis: Waiting for Directional Catalyst Posted: 05 Aug 2015 01:10 AM PDT dailyfx

Why gold shares are now a ‘very definite buy’ Posted: 05 Aug 2015 12:51 AM PDT Barry Dawes, head of resources at Paradigm Securities, explains why the recent fall in gold prices have offered a fantastic buying opportunity for investors now who are prepared to take a punt on the bombed out gold miners. With discounts of around 80 per cent to the price of gold these shares have never offered better value, or more leverage to a recovery in gold prices… Video link click here!

Surge in demand for physical gold points to imminent price rebound Posted: 05 Aug 2015 12:37 AM PDT A worldwide surge in demand for physical gold as opposed to paper gold contracts points to an imminent revival in the gold price as the traditionally strong autumn season for precious metals approaches. As of the first notice day of the August Comex delivery month, short sellers were obligated to deliver a total of 921,500 ounces of real physical gold. Caught short That amounts to an unprecedented 29 tons waiting to be delivered, against a registered gold stockpile that has already been drained down to a mere 10.2 tons between June and August. Gold bullion coin sales soared for a second month in a row. US Mint figures for July show demand for American Gold Eagles the highest in more than two years and American Silver Eagles the best since January. July sales of American Silver Eagles jumped 5,529,000, almost treble the 1,975,000 sold in July last year. Silver bars held in the Shanghai Futures exchange tumbled 34 per cent in July falling to 261 million tons by the beginning of August. Then SRSrocco reported on August 3rd: ‘In just one day, a big chunk of JP Morgan's gold was withdrawn from the COMEX. It's been a while since we have seen such a large single withdrawal. ‘According to the CME Group's Friday Warehouse Depository gold stocks, a whopping 200,752 ounces of gold were removed from JP Morgan's Eligible category.’ Hot autumn? Now what is going in this summer? Gold prices hover around their 50 per cent bull-market retracement level of $1,080 an ounce, a five-and-a-half year low. Now clearly the price is set in the paper market for gold, not the physical bullion market or it would be booming and not crashing. So the smart investors are taking this opportunity to buy at low prices before the price of the physical metals rebounds. How can we be sure that the gold price will rebound? Well, all markets are cyclical and buying when a price is low and waiting for it to go up is an established way for speculators to safely make money. Expect to see more investors jumping on this bandwagon this fall, and then the gold price recovery becomes a self-fulfilling prophesy, possibly just as all the positive arguments about gold as a safe haven in troubled times come back into fashion.

Bo Polny: $9000+ Gold & $1000 Silver if $1072 Holds! Posted: 04 Aug 2015 06:00 PM PDT Will $1072 hold?  We will soon find out.  If it does, look out and fasten your seatbelt to some very big numbers for Gold and Silver this year and in the years ahead! If the July 2015 $1072 low HOLDS, Gold's price is expected to rise a MINIMUM of an amazing 900%+ into a $9000+ […] The post Bo Polny: $9000+ Gold & $1000 Silver if $1072 Holds! appeared first on Silver Doctors.

How Cheap will Gold Miners Become? Posted: 04 Aug 2015 05:30 PM PDT Source: ShortSideofLong Chart Of The Day 1: Gold mining companies are trading more than 30% below 200 MA Source: Short Side Of Long   The current bear market in Precious Metals companies is one of the worst ever in sectors history. Prices have declined so much, that we have now returned all the way back to the bottom in early 2000. If one was to ask Gold bulls whether such an event was possible only a few years ago, they would have laughed at you. Miners were seen as very cheap in 2012, 2013, 2014 and also in 2015. Eventually, they will become so cheap, that a bottom will be formed. Let us investigate the price. Technically, gold and silver mining companies are approaching a major support of $41 in the Philadelphia Gold and Silver (NYSE: GDX) index. As already explained, this buying zone dates all the way back to the last major bottom. Furthermore, the index is extremely oversold on technical basis. Consider that the price of the sector is now over 30% below its 200 day moving average. Such an even only happened only 3 other times in the last two decades. Moreover, on the quarterly performance basis, the price of the index has sold off by 40%. This is a 2 standard deviation event. Finally, while the sector is oversold nominally, it is underperforming Gold in a disastrous way. Let me remind the readers of the blog that Gold (NYSE: GLD) is still trading around $1,100 per ounce. If we look at the chart below, we can literally see that miners are losing value in a raid fashion on relative basis. In other words, the ratio between Gold and Gold miners is going parabolic.   Chart Of The Day 2: The ratio between Gold and Gold miners has entered a terminal stage Source: Short Side Of Long   The post How Cheap will Gold Miners Become? appeared first on The Daily Gold.

And Now It Begins Posted: 04 Aug 2015 05:22 PM PDT The post And Now It Begins appeared first on Monty Pelerin's World. And now it begins –the long-awaited financial collapse! The domino effect is not underway yet, but a preview of what is coming [...] The post And Now It Begins appeared first on Monty Pelerin's World.

Was The July 19 Paper Raid On Gold Implemented To Remove Gold From GLD? Posted: 04 Aug 2015 05:00 PM PDT We may have discovered the motive for the July 19th gold market drive-by slaughter…   Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics: Craig Hemke of the TF Metals Report wrote an article which has sniffed out the probable motive behind the shamelessly blatant paper smash of gold on Sunday evening July 19 […] The post Was The July 19 Paper Raid On Gold Implemented To Remove Gold From GLD? appeared first on Silver Doctors.

Jim Willie: Yuan To REPLACE Dollar As World Reserve Currency! Posted: 04 Aug 2015 04:39 PM PDT Hat Trick Letter Editor Jim Willie has made some excellent macro calls over the years.  If his latest involving the yuan and the dollar is accurate, a MAJOR STORM is on the horizon for the US… The post Jim Willie: Yuan To REPLACE Dollar As World Reserve Currency! appeared first on Silver Doctors.

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent Posted: 04 Aug 2015 03:36 PM PDT Will there be a financial collapse in the United States before the end of 2015?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis.  As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market.  I fully expect the next several months to be extremely chaotic, and I am far from alone.  The following are 8 financial experts that are warning that a great financial crisis is imminent… #1 During one recent interview, Doug Casey stated that we are heading for “a catastrophe of historic proportions”… “With these stupid governments printing trillions and trillions of new currency units,” says investor Doug Casey, “it’s building up to a catastrophe of historic proportions.” Doug Casey, a wildly successful investor who’s the head of the outfit Casey Research, is predicting doom and gloom for the global economy. “I wouldn’t keep significant capital in banks,” he told Reason magazine Editor-in-Chief Matt Welch. “Most of the banks in the world are bankrupt.” #2 Bill Fleckenstein is warning that U.S. markets could be headed for calamity in the coming months… Noted short seller Bill Fleckenstein, who correctly predicted the financial crisis in 2007, says he is one step closer to opening up a short-focused fund for the first time since 2009. In the meantime, Fleckenstein says the entire market could be heading for calamity in the coming months. “The market is uniquely crash-prone,” Fleckenstein told CNBC’s “Fast Money” this week. “I think the market is very brittle because of high-frequency trading, ETFs, a lot of momentum investors. I don’t think there’s going to be any painless back door.” #3 Richard Russell believes that the bear market that is coming “will tear apart the current economic system”… From my standpoint, this is the strangest period that I have gone through since the 1940s. The Industrials are declining faster than the Transports. If this continues, at some point the Industrials will touch the Transports. When that happens, I believe a bear market will be signaled, as both Industrials and Transports accelerate on the downside. I expect a brief period of higher prices which will draw in the amateurish retail public. This brief breather will be followed by an historic bear market that will tear apart the current economic system. #4 Larry Edelson is “100% confident” that a global financial crisis will be triggered “within the next few months”… “On October 7, 2015, the first economic supercycle since 1929 will trigger a global financial crisis of epic proportions. It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen. I am 100% confident it will hit within the next few months.” #5 John Hussman is warning that market conditions such as we are observing right now have only happened at a few key moments throughout our history… In any event, this is no time to be on autopilot. Look at the data, and you'll realize that our present concerns are not hyperbole or exaggeration. We simply have not observed the market conditions we observe today except in a handful of instances in market history, and they have typically ended quite badly (see When You Look Back on This Moment in History and All Their Eggs in Janet's Basket for a more extended discussion of current conditions). In my view, this is one of the most important moments in a generation to examine all of your risk exposures, the extent to which you believe historical evidence is informative, your tolerance for loss, your comfort or discomfort with missing out on potential rallies even in a wickedly overvalued market, and your true investment horizon. #6 During a recent appearance on CNBC, Marc Faber suggested that U.S. stocks could soon plummet by up to 40 percent… The U.S. stock market could "easily" drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average. In recent days, "there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday," the publisher of The Gloom, Boom & Doom Report told CNBC's "Squawk Box." "It shows you a lot of stocks are already declining." #7 In a previous article, I noted that Henry Blodget of Business Insider is suggesting that U.S. stocks could soon drop by up to 50 percent… As regular readers know, for the past ~21 months I have been worrying out loud about US stock prices. Specifically, I have suggested that a decline of 30% to 50% would not be a surprise. I haven't predicted a crash. But I have said clearly that I think stocks will deliver returns that are way below average for the next seven to 10 years. And I certainly won't be surprised to see stocks crash. So don't say no one warned you! #8 Egon von Greyerz is even more bearish.  He recently told King World News that we are heading for “the most historic wealth destruction ever”… Eric, there are now more problem areas in the world, rather than stable situations. No major nation in the West can repay its debts. The same is true for Japan and most of the emerging markets. Europe is a failed experiment for socialism and deficit spending. China is a massive bubble, in terms of its stock markets, property markets and shadow banking system. Japan is also a basket case and the U.S. is the most indebted country in the world and has lived above its means for over 50 years. So we will see twin $200 trillion debt and $1.5 quadrillion derivatives implosions. That will lead to the most historic wealth destruction ever in global stock, with bond and property markets declining at least 75 – 95 percent. World trade will also contract dramatically and we will see massive hardship across the globe. So are they right? We’ll know soon. And of course they are not the only ones with a bad feeling about what is ahead.  A recent WSJ/NBC News survey found that 65 percent of all Americans believe that the country is currently on the wrong track. Also, Gallup’s Economic Confidence Index just plunged to the lowest level that we have seen so far in 2015… Americans confidence in the US economy dropped sharply in July to its lowest level in 2015, according to a new US Economic Confidence Index rating released by Gallup on Tuesday. "Gallup's Economic Confidence Index declined to an average of —12 in July from —8 in June. This is the lowest monthly average since last October, and is a noticeable departure from the +3 average in January," the polling company said. Gallup said that "unsettled economic" conditions, including tumult in Chinese markets and uncertainty in Europe over a Greek debt deal, as well as US stock market volatility are factors driving lower confidence in the US economy. These “bad feelings” are also reflected in the hard economic data.  U.S. consumer spending has declined for three months in a row, and U.S. factory orders have fallen for eight months in a row. The numbers are screaming that we are heading for another major recession. But could it be possible that this is just another false alarm? Could it be possible that the blind optimists are right and that everything will work out okay somehow? Please feel free to join the discussion by posting a comment below…

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