Gold World News Flash |
- MARK OF THE BEAST IS HERE!
- Oil Crashing! Stock Markets Crashing! Global Economic Collapse!
- Japan's Nikkei Closes Below 17,000 As Hong Kong Money-Markets 'Break' Again
- The U.S. Economy: Slip-Sliding Away
- The Committee of 300: A Brief History of World Power…
- What Crisis Is The Gold/Oil Ratio Predicting This Time?
- THE SIGNS ARE ALL HERE! Signs of the End Times (Latest Breaking News: Mid-January 2016)
- What Crisis Is The Gold/Oil Ratio Predicting This Time?
- Foreign Central Banks Furiously Dump US Treasuries: Record $47 Billion Sold In First Two Weeks Of 2016
- China Stocks, Credit Risk Worsen Despite "Short-Squeezed" Yuan Strength
- To Put Bankers Behind Bars, Spanish Citizens Take the 1% to Court
- THIS IS IT. COLLAPSE IS HERE. -- BILL HOLTER
- Murphy's 'Midas' column for Friday posted in clear at News Doctors
- Foreign Central Banks Furiously Dump US Treasuries: Record $47 Billion Sold In First Two Weeks Of 2016
- Here Is The Stealthy Way Some Are Betting On A Market Crash
- 2016 Market Meltdown with Dr Kirk Elliot
- Koos Jansen: Has Shanghai Gold Exchange stopped reporting withdrawal data?
- Gold Breaches R18000/oz in South Africa, Up 11% In Two Weeks!
- Is America a Prophetic Babylon? - Doug Krieger and Dean McGriff at The Prophecy Club Radio
- Gold miners say output has peaked as losses reshape the industry
- Gold and Silver Rally, Miners Spanked on Stock Option Expiry
- US Stock Market will Crash to 5000
- Crude Oil Price Crash Triggering Global Instability, Trend Forecast 2016
- Gold And Silver: New World Order: Public Be Damned, Preferably Dead
| Posted: 18 Jan 2016 12:17 AM PST Alex Jones breaks down the "Mark of the Beast" and discusses the elite's plan to bring the world under total tyranny. 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! ]]  |
| Oil Crashing! Stock Markets Crashing! Global Economic Collapse! Posted: 18 Jan 2016 12:09 AM PST Obama says the economy is great . Hillary and Bernie think the same thing the market is GRRRRRRReat!!!...they think Obama has done a great job and believe Obama's administration false numbers...what doesn't make sense IS Bernie says Wall Street is rigged but he believes Obama's lie what a dumb... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Japan's Nikkei Closes Below 17,000 As Hong Kong Money-Markets 'Break' Again Posted: 17 Jan 2016 11:44 PM PST With Hong Kong Dollar spot little changed (but pressing the weaker end of its peg band) and 12-month forwards suggesting notable weakness/depegging to come, it appears that the Hong Kong interbank lending debacle is far from over. While overnight money appears stable, 1-week Yuan HIBOR is up 370bps at 11.90%, and 1-month and 3-Month HKD HIBOR just snapped higher ( to Jan 2013 highs and July 2010 highs respectively). It appears comments from Hong Kong Monetray Authority's Norman Chan that it's just a matter of time before outflow of funds lead to the local currency hitting the low end of the peg sparked heavy medium-term demand for liquidity. Offshore Yuan is crepping back weaker (as is crude) after an early bounce. *YUAN 1-WEEK HIBOR RISES 370 BPS TO 11.90% And while the levels are not as exciting the relative spike is notable in HK interbank markets. *HONG KONG 3-MONTH HIBOR RISES TO HIGHEST SINCE JUL. 2010
*HONG KONG 1-MONTH HIBOR RISES TO HIGHEST SINCE JAN. 2013
But for now spot is stable (albeit at the weak-end of the peg band)...
After an early bounce, crude is retumbling as stress hits HKD...
Offshore Yuan is giving up more short squeeze gains...
And Japan's Nikkei 225 closes below 17,000 for the first time since September...
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| The U.S. Economy: Slip-Sliding Away Posted: 17 Jan 2016 09:00 PM PST Economic Conditions Continue to Worsen by Pater Tenebrarum, Acting Man:
No matter what economic data releases one looks at lately, one seems more horrendous than the next. This is apart from payrolls of course, which are not only a lagging indicator, but are apparently a number that is occasionally made up out of whole cloth – such as in December, when 281,000 of the reported 292,000 in non-farm payroll gains were the result of "seasonal adjustment", which is bureaucrat-speak for "didn't actually happen". Today the markets were inundated with data that strongly suggest that the negative trends observed over much of 2015 continue to accelerate. In what is by now a well-worn tradition, Fed district surveys of the manufacturing sector continued their decline with today's release of the Empire State survey. One no longer risks being accused of hyperbole by calling its recent trend a "collapse":
As is often the case, not a single economist came even remotely close to correctly forecasting this meltdown. AsMish noted earlier today, it was quite a big miss:
Our friend Micheal Pollaro has provided us with several charts, including the following comparison chart, which shows the Empire State survey's new orders index for January, as well as the new orders index of the National ISM and the average of the new order indexes of the Fed district surveys as of December. Not only are new orders one of the most important components of such surveys, as they lead future manufacturing activity, but in recent months the Empire State new orders index has begun to lead other survey data. If it continues to work as a leading indicator, one should expect more negative data points to be released in the near future.
Admittedly, this is an especially volatile regional survey, so it is probably not useful as decisive evidence for a broader economic downturn, but every other data points released today proved to be a disappointment as well. The industrial production index has also continued its decline in December. Industrial production was down 0.4% in for the month (3.4% y/y) and the November reading was revised lower to minus 0.9%. In this case, no mainstream economist managed to forecast any of this either. It is noteworthy that readings similar to the current ones have never been recorded outside of recessions in the post WW2 period. Here is a chart showing developments since 1970:
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| The Committee of 300: A Brief History of World Power… Posted: 17 Jan 2016 08:00 PM PST Venetian Black Nobility, Roots of Today’s Ruling Oligarchy by Dr. John Coleman, investigate911.org:
The Committee of 300 is a product of the British East India Company’s Council of 300. The East India Company was chartered by the British royal family in 1600. It made vast fortunes in the opium drug trade with China and became the largest company on earth in its time. Today, through many powerful alliances, the Committee of 300 rules the world and is the driving force behind the criminal agenda to create a “New World Order”, under a “Totalitarian Global Government”. There is no need to use “they” or “the enemy” except as shorthand. We know who “they”, the enemy, is. The Committee of 300 with its “aristocracy”, its ownership of the U.S. Federal Reserve banking system, insurance companies, giant corporations, foundations, communications networks, presided over by a hierarchy of conspirators—this is the enemy. Secret societies exist by deception. Each is a hierarchy with an inner circle at the top, who deceives those below with lies, such as claiming a noble agenda; thus, duping them into following a web of compartmentalized complicity. The inner circle of the Committee of 300 is the Order of the Garter, headed by Queen Elizabeth Windsor II. It is interesting to note that the Windsor’s changed their name from the Germanic Saxe-Coburg-Gotha during WWI, because of anti-German sentiment.
The enemy is clearly identifiable as the Committee of 300 and its front organizations, such as the Royal Institute for International Affairs (Chatham House), the Club of Rome, NATO, U.N., the Black Nobility, the Tavistock Institute, CFR and all its affiliated organizations, the think tanks and research institutions controlled by Stanford and the Tavistock Institute of Human Relations and last, but certainly not least, the military establishment. The Committee of 300 is the ultimate secret society made up of an untouchable ruling class, which includes the Queen of the United Kingdom (Elizabeth II), the Queen of the Netherlands, the Queen of Denmark and the royal families of Europe. These aristocrats decided at the death of Queen Victoria, the matriarch of the Venetian Black Guelphs that, in order to gain world-wide control, it would be necessary for its aristocratic members to “go into business” with the non-aristocratic but extremely powerful leaders of corporate business on a global scale, and so the doors to ultimate power were opened to what the Queen of England likes to refer to as “the commoners”. Through their illicit banking cartel, they own the stock of the Federal Reserve, which is a private for profit corporation that violates U.S. Constitution and is a ROOT of the problem. The decadent American families of the unholy partnership, thoroughly corrupted and wallowing in tainted opium money, went on to become what we know today as the Eastern Liberal Establishment. Its members, under the careful guidance and direction of the British Crown, and subsequently, its foreign policy executive arm, the Royal Institute for International Affairs (RIIA), now known as Chatham House, located in England (across St. James’s Square from the Astors), ran the United States from top to bottom through their secret upper-level, parallel government, which is tightly meshed with the Committee of 300, the ultimate secret society. That secret, all-powerful government is more in control of the United States in 2006 than ever before. Some notable members of the Committee of 300 include: The British royal family, Dutch royal family, House of Hapsburg, House of Orange, Duke of Alba, Prince Philip Duke of Edinburgh, Lord Carrington, Lord Halifax, Lord Alfred Milner, John Jacob and Waldorf of the Astor Illuminati bloodline, Winston Churchill, Cecil Rhodes, Queen Elizabeth II, Queen Juliana, Queen Beatrix, Queen Magreta, King Haakon of Norway, Colonel Mandel House, Aldous Huxley, John Forbes, Averill Harriman, William and McGeorge Bundy, George Bush, Prescott Bush, Henry Kissinger, J.P. Morgan, Maurice Strong, David Rockefeller, David and Evelyn Rothschild, Paul, Max and Felix Warburg, Ormsby and Al Gore, Bertrand Russell, Sir Earnest and Harry of the Oppenheimer Illuminati bloodline, Warren Buffet, Giuseppe Mazzini, Sir William Hesse, George Schultz, H.G. Wells, and Ted Turner. In the Committee of 300, which has a 150-year history, we have some of the most brilliant intellects assembled to form a completely totalitarian, absolutely controlled “new” society only it isn’t new, having drawn most of its ideas from the Clubs of Cultus Diabolicus. It strives toward a One World Government rather well described by one of its late members, H. G. Wells, in his work commissioned by the Committee which Wells boldly called: “The Open Conspiracy: Blue Prints for a World Revolution”. Most of the Committee of 300’s immense wealth arose out of the opium trade with China and India. Obscene profits went straight into the royal coffers, and into the pockets of the nobility, the oligarchs and plutocrats, and made them billionaires. The ordinary people of China, India, and England profited nothing from “opium revenues”. In the same way the people of South Africa, black and white, never profited from the gold mining industry, whose revenues were piped directly into the City of London banks and Merchant banks. The Committee of 300 is responsible for the phony drug wars here in the U.S. These phony drug wars were to get us to give away our constitutional rights. Asset forfeiture is a prime example, where huge assets can be seized without trail and no proof of guilt needed. Also the Committee of 300 long ago decreed that there shall be a smaller-much smaller-and better world, that is, their idea of what constitutes a better world. The myriads of useless eaters consuming scarce natural resources were to be culled by up to 99%. Industrial progress supports population growth. Therefore the command to multiply and subdue the earth found in Genesis had to be subverted. This called for an attack upon Christianity; the slow but sure disintegration of industrial nation states; the destruction of billions of people, referred to by the Committee of 300 as “surplus population,” and the removal of any leader who dared to stand in the way of the Committee’s global planning to reach the foregoing objectives. Not that the U.S. government didn’t know, but as it was part of the conspiracy, it helped to keep the lid on information rather than let the truth be known. Queen, Elizabeth II, is the head of the Committee of 300. The Committee of 300 looks to social convulsions on a global scale, followed by depressions, as a softening-up technique for bigger things to come, as its principal method of creating masses of people all over the world who will become its “welfare” recipients of the future. The current criminal agenda of the Committee of 300 is further evidenced by recently leaked Club of Rome documents, as they describe how they will use drugs to help stifle resistance to their New World Order scheme: “…having been failed by Christianity, and with unemployment rife on every hand, those who have been without jobs for five years or more, will turn away from the church and seek solace in drugs. By then, full control of the drug trade must be completed in order that the government of all countries who are under our jurisdiction have a monopoly in place which we will control by controlling supplies reaching the market… Drug bars will take care of the unruly and the discontented. Would-be revolutionaries will be turned into harmless addicts with no will of their own…” The crowned cobras of Europe and their Eastern Liberal Establishment families will not tolerate any true war against drugs. The war on drugs, which the Bush administration was allegedly fighting, was for the legalization of all types and classes of drugs. Such drugs are not solely a social aberration, but a full-scale attempt to gain control of the minds of the people of the United States. At present, this is the principal task of the Committee of 300. Nothing has changed in the opium-heroin-cocaine trade. It is still in the hands of the same “upper class” families in Britain and the United States. It is still a fabulously profitable trade where what appear to be big losses through sometimes seizures of drug shipments are actually small interlopers trying to break into the preserves of the drug trade hierarchy, who sit in paneled board rooms in New York, Hong Kong and London over port and cigars and congratulate another success in the eradication of “competitors.” Included in the Committee of 300 membership are the old families of the European Black Nobility, the American Eastern Liberal Establishment (in Freemason hierarchy and the Order of Skull and Bone), the Illuminati, or as it is known by the Committee “MORIAH CONQUERING WIND,” the Mumma Group, The National and World Council of Churches, the Circle of Initiates, the Nine Unknown Men, Lucis Trust, Jesuit Liberation Theologists, The Order of the Elders of Zion, the Nasi Princes, International Monetary Fund (IMF), the Bank of International Settlements (BIS), the United Nations (U.N.), the Central, British Quator Coronati, Italian P2 Masonry—especially those in the Vatican hierarchy—the Central Intelligence Agency, Tavistock Institute selected personnel, various members of leading foundations and insurance companies, the Hong Kong and Shanghai Bank, the Milner Group-Round Table, Cini Foundation, German Marshall Fund, Ditchley Foundation, NATO, Club of Rome, Environmentalists, The Order of St. John of Jerusalem, One World Government Church, Socialist International, Black Order, Thule Society, Anenherbe-Rosicrucianists, The Great Superior Ones and literally HUNDREDS of other organizations. In the case of John F. Kennedy, the assassination was carried out with great attendant publicity and with the utmost brutality to serve as a warning to world leaders not to get out of line. Pope John Paul I was quietly murdered because he was getting close to the Committee of 300 through Freemasons in the Vatican hierarchy. His successor, Pope John Paul II, was publicly humiliated as a warning to cease and desist—which he has done. As we shall see, certain Vatican leaders are today seated on the Committee of 300. Read More @ Investigate911.org hat tip: anon |
| What Crisis Is The Gold/Oil Ratio Predicting This Time? Posted: 17 Jan 2016 06:52 PM PST
The number of barrels of oil that a single ounce of gold can buy has never, ever been higher. |
| THE SIGNS ARE ALL HERE! Signs of the End Times (Latest Breaking News: Mid-January 2016) Posted: 17 Jan 2016 06:30 PM PST It is funny how in the beginning Obama stuttered at saying, n-new jobs..haha that guy has power over the deluded people. 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! ]]  |
| What Crisis Is The Gold/Oil Ratio Predicting This Time? Posted: 17 Jan 2016 06:20 PM PST The number of barrels of oil that a single ounce of gold can buy has never, ever been higher.
For the last 30 years, when the ratio of gold-to-oil spikes, something systemically serious occurs globally (as opposed to the usual bullshit "this is transitory" statements).
So what happens next? |
| Posted: 17 Jan 2016 06:05 PM PST from Zero Hedge:
It’s not just stocks have a terrible start to the year, in fact the worst start in history: so is the amount of US Treasuries held in custody at the Fed, a direct proxy for the holdings of foreign central banks, reserve managers and sovereign wealth funds who park owned TSYs at the NY Fed for convenience. According to the latest Fed data, after a drop of $12 billion in the first week of the year, another $34.5 billion in Treasuries held in custody was sold in the week ended January 13, bringing the total to just $2.962 trillion, below the previous recent low recorded in early November, and at levels not seen since April 2015. Indicatively since April, total US Treasury holdings have increased by $570 billion, meanwhile not a single incremental dollar has ended up in the Fed’s custody account.
As shown in the chart below, the drop recorded in the latest period is the single largest weekly drop recorded since China commenced liquidating its Treasury holdings in mid 2014.
Adding up the flows from the first two weeks of the year reveals the worst and most custody holdings “outflowing” start to the year in history.
The size of the liquidation promptly got the rate community’s attention. On Friday afternoon, MarketNews cited Louis Crandall, chief economist at Wrightson ICAP, who said “we have seen declines of more than $20 billion (in such Treasury custody holdings) on each of the first two weeks of this year. While accounts are volatile from week to week, that is certainly consistent with increasing intervention activity” from foreign central banks needing money to intervene either in the foreign exchange market or in the stock market, he said. “There is no way of knowing” exactly what such central banks sold, he added. “But it could just as easily have been liquidation of coupon securities.” As MNI further writes, most observers saw China selling as behind the drop in Treasuries holdings at the Fed. “Circumstantially, that’s the conclusion that people would jump to,” said Crandall. Some said it is not just China: Aaron Kohli, analyst at BMO Capital Markets, was less inclined to point to China. “It’s definitely a drop, but keep in mind, every foreign central bank is in there,” he said. |
| China Stocks, Credit Risk Worsen Despite "Short-Squeezed" Yuan Strength Posted: 17 Jan 2016 05:27 PM PST On the heels of new reserve ratio regulations and the biggest strengthening in the Yuan fix in 4 weeks, offshore Yuan has strengthened notably (despite Chinese default/devaluation risk surging in the CDS markets). Chinese stocks are weaker in the early going but corporate bond yields continue to slide to new record lows as the "last bubble standing" stands ignorant of the risks around it. PBOC rixed the Yuan 0.07% stronger - the biggest gain in 4 weeks...
Offshore Yuan is rallying in early trading, because as Bloomberg notes,
This has converged the Onshore-offshore Yuan spread once again...
Chinese sovereign default/devaluation risk surges...
And stocks weaken:
But the money continues to flow aimlessly into the "last bubble standing" as we detailed previously with record low corporate bond yields in China (despite a collapse in creditworthiness fundamentals and huge supply).
But analysts are starting to worry:
Charts: Bloomberg |
| To Put Bankers Behind Bars, Spanish Citizens Take the 1% to Court Posted: 17 Jan 2016 05:00 PM PST by Steve Rushton, Occupy:
Elites regularly profit with impunity from financial corruption. This is clearly demonstrated by the numerous billion-dollar financial scandals in recent years, including LIBOR rate fixing, tax evasion, commodity price fixing and financial mis-selling schemes. The political power of finance and its revolving door into government makes many bankers seem above the law. But this immunity is not unbreakable, as demonstrated by the wave of Spanish citizens now leading an anti-corruption charge unlike any that has come before. Ending the Corruption Era: The case of Rodrigo Rato is perhaps the most interesting among some 150 high-level corruption cases scheduled to take place this year in Spain – involving over 2,000 elite figures in Spanish society. Rato was the country’s Minister of Economics from 1996 to 2004, and a leading political force in the conservative Popular Party (PP) as well as managing director of the IMF (2004-2007) and chairman of Bankia, Spain's largest bank (2010-12). These institutions' combined actions spurred Spain's economic crash and intensifying poverty crisis, as Bankia's massive debts were nationalized by the PP-controlled government and Rato’s bank became the main recipient of the bailout deal with the EU and IMF. From these business-government arrangements, Rato and the rest of Spain’s 1% profited while imposing austerity on the majority. Last April, the Financial Times described Rato being shoved by a law officer during his arrest. "The touch lasted only a few seconds, but it will be seared into the mind of Rodrigo Rato — and of millions of Spaniards — for years to come," wrote the paper. Millions saw the clip repeated on rolling TV coverage and the Internet. The Times article quotes an editorial by Spain's El Mundo newspaper, illuminating its importance: "The precise moment in which the customs agent grabs his head… marks a point of no return, in which we leave behind an era." Translation: Rato and many others were no longer untouchable. The case now underway against Rato and Bankia hinges around three aspects. First, the bank is charged with false advertising when it floated its stock for purchase. Second, it is accused of mis-selling toxic assets to unsuspecting members of the public. And third, it issued “black visa cards” to senior Bankia management, facilitating both tax evasion and bribery of politicians and government officials.
15MpaRato: Citizens Call Rato In In May of 2012, on the first anniversary of the 15M movement that took to the squares in a two-month occupation that helped spur Occupy Wall Street four months later, 15MpaRato launched its plan to jail Rodrigo Rato. According to law, Spanish citizens or organizations can file complaints that judges will consider and decide whether, and whom, to prosecute. This is exactly what happened with Rato. "One of the first things we did was publicize an anonymous dropbox, and we received information from the citizens on Rato and Bankia. This grew and grew and included receiving 8,000 pages from the bank employees," Simona Levi from 15MpaRato told Occupy.com. 15MpaRato used global leaks, an open-source program that creates a secure Internet space to receive sensitive information. By early June of 2012, enough evidence had been collected to initiate the case against Rato. Victims were also found to stand as claimants. |
| THIS IS IT. COLLAPSE IS HERE. -- BILL HOLTER Posted: 17 Jan 2016 04:41 PM PST Bill Holter from JS Mineset joins us to cover the unfolding global economic collapse. "This is it. We're watching the meltdown. This is history being made." Bill says.Holter explains, "The Fed has lied themselves into a corner. They raised rates and here we are a month later, the system is... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Murphy's 'Midas' column for Friday posted in clear at News Doctors Posted: 17 Jan 2016 04:34 PM PST 7:34p ET Sunday, January 17, 2016 Dear Friend of GATA and Gold: GATA Chairman Bill Murphy's proprietary commentary at LeMetropoleCave.com, his "Midas" column about Friday's action in the gold market, has been posted in the clear at the News Doctors Internet site here: http://thenewsdoctors.com/gatas-bill-murphy-fridays-midas-newsletter-pla... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... 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: |
| Posted: 17 Jan 2016 03:58 PM PST It's not just stocks have a terrible start to the year, in fact the worst start in history: so is the amount of US Treasuries held in custody at the Fed, a direct proxy for the holdings of foreign central banks, reserve managers and sovereign wealth funds who park owned TSYs at the NY Fed for convenience. According to the latest Fed data, after a drop of $12 billion in the first week of the year, another $34.5 billion in Treasuries held in custody was sold in the week ended January 13, bringing the total to just $2.962 trillion, below the previous recent low recorded in early November, and at levels not seen since April 2015. Indicatively since April, total US Treasury holdings have increased by $570 billion, meanwhile not a single incremental dollar has ended up in the Fed's custody account.
As shown in the chart below, the drop recorded in the latest period is the single largest weekly drop recorded since China commenced liquidating its Treasury holdings in mid 2014.
Adding up the flows from the first two weeks of the year reveals the worst and most custody holdings "outflowing" start to the year in history.
The size of the liquidation promptly got the rate community's attention. On Friday afternoon, MarketNews cited Louis Crandall, chief economist at Wrightson ICAP, who said "we have seen declines of more than $20 billion (in such Treasury custody holdings) on each of the first two weeks of this year. While accounts are volatile from week to week, that is certainly consistent with increasing intervention activity" from foreign central banks needing money to intervene either in the foreign exchange market or in the stock market, he said. "There is no way of knowing" exactly what such central banks sold, he added. "But it could just as easily have been liquidation of coupon securities." As MNI further writes, most observers saw China selling as behind the drop in Treasuries holdings at the Fed. "Circumstantially, that's the conclusion that people would jump to," said Crandall. Some said it is not just China: Aaron Kohli, analyst at BMO Capital Markets, was less inclined to point to China. "It's definitely a drop, but keep in mind, every foreign central bank is in there," he said.
Others, however, disagree: "That kind of size could only be China," said the observer. But he added that at the margin, other Asian central banks could have been selling Treasuries to raise dollars for foreign exchange or stock market intervention. One trader said China "must be selling, along with others. Look at the Hong Kong dollar, also down big. It is a game of musical chairs, and everyone is devaluing at once. The U.S. dollar strength is apparent." * * * One trader who has put all this together, and has linked it to the abnormal moves in the Treasury swap market is Ice Farm Capital's Michael Green. As he puts it, "those who chose to seek protection in rates are only experiencing middling success due to the continued inversion of swap spreads which have traded to record highs."
His conclusion is that "swap spreads appear to be blowing out because foreign holders of treasuries, namely China, are selling them at a record pace to defend their currencies. Currency levels are under attack in China, Saudi Arabia and now Hong Kong. The specter of 1997-1998 is again haunting the markets." As Green frames it, "the key question is "How long can this go on for?" Consensus is clearly that China, in particular, has a deep pool of reserves with which to defend their currency; I am less convinced. Having seen some contrarian work on the subject, my belief is that China is a paper tiger – with very little reserves left to defend their currency. Perhaps as little as three months given their current burn rate." If accurate (and Green's calculation excludes the hundreds of billions China may need to leave on its books if its NPL credit cycle finally hits as Kyle Bass is currently anticipating) then the coming months could see an unprecedented shock out of China which having spent hundreds of billions to slow a record capital outflow, has no choice but to let its currency finally float freely, leading to the biggest capital exodus in recorded history. |
| Here Is The Stealthy Way Some Are Betting On A Market Crash Posted: 17 Jan 2016 03:50 PM PST Credit markets have been warning of a looming crisis for months...
And as the cost of protecting against credit collapse has soared so the cost of protecting against equity downside (VIX) has started to awaken:
However, as we detailed previously, more than a few market participants have turned to deep out-of-the-money options to protect themselves against drastic downside (pushing the skew - the relative cost of crisis protection over 'normal' protection - to record highs).
And so, with the cost of protection so high, traders are looking for cheaper alternatives. Since the Fed folded in September (under the same conditions that are playing out now), basically admitting it is terrified to raise rates and willing to backtrack due to market fragility, IceFarm Capital's Michael Green explains, it appears many market participants are piling into par Eurodollar calls:
[the chart shows the cumulative open interest in par calls on eurodollar futures contracts that expire in 2016 and 2017 - basically options on short-term interest rates with a strike price of zero, such that they pay out if the Fed takes rates negative] When queried whether this is indeed a trade to bet on a market drop, Michael Green responded as follows:
And the market is already shifting to that opinion - as CME shows, no one trusts The Fed's dot-plots anymore:
Thus, the ED Par Calls are a direct proxy for The Fed's "Dow-Data-Dependent" policy (and given the surge in Open Interest, it seems more than a few agree). h/t IceFarm Capital's Michael Green |
| 2016 Market Meltdown with Dr Kirk Elliot Posted: 17 Jan 2016 02:15 PM PST Dr. Kirk Elliot of McAlveny Financial is back for the second half of our interview. He gives us an update on the massive financial upheaval in the markets and provides valuable advice on how you can prepare to weather the coming economic storm. Additionally, Dr. Elliot gives us some fantastic... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Koos Jansen: Has Shanghai Gold Exchange stopped reporting withdrawal data? Posted: 17 Jan 2016 01:44 PM PST 4:43p ET Sunday, January 17, 2016 Dear Friend of GATA and Gold: Maybe it's just a one-week anomaly, but gold researcher and GATA consultant Koos Jansen reports today that the Shanghai Gold Exchange seems to have stopped publishing gold offtake totals. Jansen's commentary is headlined "Are SGH Withdrawals Gone?" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/koos-jansen/are-sge-withdrawals-gone/ CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Gold Breaches R18000/oz in South Africa, Up 11% In Two Weeks! Posted: 17 Jan 2016 01:21 PM PST SRSRocco Report |
| Is America a Prophetic Babylon? - Doug Krieger and Dean McGriff at The Prophecy Club Radio Posted: 17 Jan 2016 11:37 AM PST Interview with Doug Krieger and Dean McGriff, helping to understand the traditional view of Prophetic Babylon and how it compares to current revelations and insight. Air date: 2013-12-26 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold miners say output has peaked as losses reshape the industry Posted: 17 Jan 2016 09:22 AM PST By James Wilson http://www.ft.com/intl/cms/s/0/d3c226aa-bb9b-11e5-b151-8e15c9a029fb.html Gold output has peaked in this commodities cycle, according to mining industry leaders and analysts who say few big projects will reach the point of production amid falling prices. The lack of new assets and declining output at existing mines is expected to curb gold supply, a glimmer of hope for surviving producers of the precious metal in an industry coming to terms with a rush of investment when prices were far higher. ... 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: Kelvin Dushnisky, president of Barrick Gold, the world's largest gold miner by annual output, said: "Falling grades and production levels, a lack of new discoveries, and extended project development timelines are bullish for the medium and long-term gold price outlook." Gold has been one of the commodities hit by the worst environment for mining in more than a decade. The price has declined more than 40 per cent from its 2011 peak, to a level where many gold miners struggle to recoup the costs of extraction. This year some had expected gold to be under pressure from higher interest rates in the US, after the Federal Reserve began to tighten monetary policy last month. However, the gold price has risen 2.7 per cent so far in 2016, while stock markets around the world have tumbled. A controversial investment with a variety of competing theories for what determines the price, gold has provided comfort for investors who see the inert metal as a haven amid economic and political turmoil. Miners hope limits to fresh gold supply will increase the chances of longer-term recovery. "It is fruitless to try to predict demand dynamics for gold. I always put my faith in a recovery driven by reduction in supply and I believe we will see the first signs of impending recovery in the second half of this year," said Vitaly Nesis, chief executive of Polymetal, a UK-listed gold miner. According to Thomson Reuters' GFMS metals research team, global production of gold is expected to fall 3 per cent this year, ending a seven-year period of rising output. GFMS expects gold mine production in 2015 to have risen 1 per cent to a record 3,155 tonnes. The end of the gold bull market has prompted some miners to abandon growth projects, while ore grades across the industry have been falling as mines become depleted. The strike rate in finding significant deposits has also declined and most mining companies are struggling to attract investment to develop projects. Mr Nesis said: "The fourth quarter last year was in my opinion the peak quarter for fresh global mine supply. ... I think supply will drop by 15 to 20 per cent over the next three to four years." Nick Holland, chief executive of Gold Fields, a South Africa-based gold miner, said the industry had abandoned a previous fixation on rising output. "We were all talking about how production was going to increase every year. I think those days are probably gone. ... You are not going to see massive production increases in the industry," Mr Holland said. Ross Strachan, precious metals demand manager at GFMS, said the expected output fall this year would occur "as the contribution from projects that had been commissioned in previous years fades and the pipeline for new projects is limited given the current stressed financial climate." Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Gold and Silver Rally, Miners Spanked on Stock Option Expiry Posted: 17 Jan 2016 09:14 AM PST "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable." London Banker, Lies, Damn Lies, and Libor |
| US Stock Market will Crash to 5000 Posted: 17 Jan 2016 08:52 AM PST "The DOW is going to crash to a degree we haven't seen since the Great Depression" The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Crude Oil Price Crash Triggering Global Instability, Trend Forecast 2016 Posted: 16 Jan 2016 08:41 PM PST The crude oil price collapse of 2015 has continued into 2016 with the price of oil plunging to a 12 year low of just under $30 per barrel as a consequence of a perfect storm of falling demand, primarily due to the slowing Chinese economy and relentlessly rising output that is not just limited to the usual OPEC suspects but is as the natural consequences of the fracking boom that continued to ripple out from the US to across the world during 2015. |
| Gold And Silver: New World Order: Public Be Damned, Preferably Dead Posted: 16 Jan 2016 07:29 AM PST In the midst of this political and economic maelstrom that appears to be reaching its peak since the pivotal 9/11 "attack" on the US, when the twin towers of the World Trade Center were destroyed, partially by an airplane flying into each tower, then more fully by the detonation of all the explosives planted in the buildings to insure their destruction. Should there be any question as to that assessment, which has gained greater acceptance by those willing to do their due diligence, the unprovoked destruction of building seven [WTC 7] adds proof of how these buildings were planned for certain demolition, in advance. |
It must be China. Or the weather, which is usually either too cold or to warm – somehow the weather is just never right for economic growth. Surely it cannot be another Fed policy-induced boom that is on the verge of going bust? Sorry, we completely forgot – the Fed is never at fault when the economy suffers a boom-bust cycle. That only happens because we have "too few regulations" (that's what Mr. Bernanke said after the 2008 bust – no kidding).
“Three hundred men, all of whom know one another, direct the economic destiny of Europe and choose their successors from among themselves.” –Walter Rathenau, 1909, founder of the mammoth German General Electric Corporation
According to the latest Fed data, after a drop of $12 billion in the first week of the year, another $34.5 billion in Treasurys held in custody was sold in the week ended January 13, bringing the total to just $2.962 trillion, below the previous recent low recorded in early November, and at levels not seen since April 2015. Adding up the flows from the first two weeks of the year reveals the worst and most custody holdings “outflowing” start to the year in history.
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