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Monday, January 18, 2016

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Silver Philharmonics Only $1.49 Over Spot ANY QTY At SDBullion!

Posted: 18 Jan 2016 11:41 AM PST

What’s the last dollar they can print before financial crisis?

Posted: 18 Jan 2016 11:00 AM PST

This is our reality now…   Submitted by Tim Price, Sovereign Man: In the field of mathematics, chaos theory studies the behavior of systems that are highly sensitive to initial conditions. The idea in chaos is that, like life itself, where you start today has tremendous influence on what happens next. In chaos, even very […]

The post What's the last dollar they can print before financial crisis? appeared first on Silver Doctors.

The Next Financial Crisis Is Not Coming…It’s Already HERE!

Posted: 18 Jan 2016 10:00 AM PST

The stock market is in far worse shape than you are being told.  The next financial crisis is not coming… The next financial crisis is already here. An angry bear has been released after nearly seven years in hibernation, and the entire world is going to be absolutely shocked by what happens next.   Submitted by […]

The post The Next Financial Crisis Is Not Coming…It’s Already HERE! appeared first on Silver Doctors.

Why I Recommend Accumulating Gold In 2016

Posted: 18 Jan 2016 09:20 AM PST

THIS IS IT. The Margin Call, The Meltdown, THE COLLAPSE IS HERE! – Bill Holter

Posted: 18 Jan 2016 09:05 AM PST

"This is it. We're watching the meltdown. This is history being made… The margin call, the meltdown, we're watching it in real time… I guess the best way to look at where we are right now is, we're standing at the gates of Hell."

The post THIS IS IT. The Margin Call, The Meltdown, THE COLLAPSE IS HERE! – Bill Holter appeared first on Silver Doctors.

Real Time Currency Collapse In Canada – This Is What It’s Going To Look Like In the USA

Posted: 18 Jan 2016 09:01 AM PST

When the debt bubble collapses there is a real possibility that millions of people will die because those goods essential to survival will simply be unattainable for the masses.   By Joshua Krause, ReadyNutrition via SHTFPlan: Editor's Note: Though the US Dollar is stronger now than it has been in recent memory, the massive monetary easing from […]

The post Real Time Currency Collapse In Canada – This Is What It's Going To Look Like In the USA appeared first on Silver Doctors.

BREAKING NEWS: Mexico’s Silver Production Declined Over Past Two Years

Posted: 18 Jan 2016 09:00 AM PST

In a surprising update, the world largest silver producer actually experienced a decline in silver mine supply over the past two years.  This is quite remarkable as several analysts and official sources reported or perceived that Mexico continued to shown an increase in silver production. Global peak silver production is coming (or is here).    […]

The post BREAKING NEWS: Mexico's Silver Production Declined Over Past Two Years appeared first on Silver Doctors.

Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week

Posted: 18 Jan 2016 08:39 AM PST

It looks like it is going to be another chaotic week for global financial markets.    Submitted by Michael Snyder, The Economic Collapse Blog:  On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East.  Stocks in Kuwait were down 3.1 percent, stocks in Saudi Arabia […]

The post Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week appeared first on Silver Doctors.

CNN Reassures Investors: “Don’t Panic… America’s Economy Is Still In Good Shape”

Posted: 18 Jan 2016 07:45 AM PST

The notion that an economic and financial catastrophe of historic proportions is playing out right before our eyes is the fantasy of internet conspiracy fanatics.   Submitted by Mac Slavo, SHTFPlan: Forget for a moment that U.S. stock markets have seen their worst start to a new year since the Great Depression or that some […]

The post CNN Reassures Investors: "Don't Panic… America's Economy Is Still In Good Shape" appeared first on Silver Doctors.

Gold Price Firm Amid Risk Off Turmoil as China Targets Yuan, Crude Oil Falls on Iran News

Posted: 18 Jan 2016 07:02 AM PST

Bullion Vault

Silver, Silliness, Gold, and Risk

Posted: 18 Jan 2016 06:30 AM PST

Rig for stormy weather, expect surprises, markets regressing to the mean, pricing mechanisms failing, political systems collapsing, and Middle-East politics exploding.  There will be blood and trauma.  Do not trust the supposed value of paper assets and find security in real assets such as silver and gold bars and coins stored outside the financial system. […]

The post Silver, Silliness, Gold, and Risk appeared first on Silver Doctors.

“Time Is Coming Again” for Gold Bullion

Posted: 18 Jan 2016 05:02 AM PST

gold.ie

Manhattan Luxury Real Estate Peaked Last February – Prices Now Down 8 Months in a Row

Posted: 18 Jan 2016 05:00 AM PST

William Ackman is a wildly successful hedge fund manager. He oversees $17 billion of mostly other people's money. Forbes estimates his personal net worth at $1.7 billion. These facts alone would make him a prime candidate to buy the penthouse condominium at One57, the new luxury tower on West 57th Street. And indeed, Mr. Ackman told […]

The post Manhattan Luxury Real Estate Peaked Last February – Prices Now Down 8 Months in a Row appeared first on Silver Doctors.

Five Companies Swiss Asset Manager Florian Siegfried Is Watching

Posted: 18 Jan 2016 12:00 AM PST

When a leading Swiss bank recommended its clients sell all their gold, AgaNola Asset Manager Florian Siegfried knew the precious metal was preparing for an upswing. In this interview with The Gold...

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The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week

Posted: 17 Jan 2016 01:39 PM PST

Apocalyptic - Public DomainIt looks like it is going to be another chaotic week for global financial markets.  On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East.  Stocks in Kuwait were down 3.1 percent, stocks in Saudi Arabia plummeted 5.4 percent, and stocks in Qatar experienced a mammoth 7 percent decline.  And of course all of this comes in the context of a much larger long-term decline for Middle Eastern stocks.  At this point, Saudi Arabian stocks are down more than 50 percent from their 2014 highs.  Needless to say, a lot of very wealthy people in Saudi Arabia are getting very nervous.  Could you imagine waking up someday and realizing that more than half of your fortune had been wiped out?  Things aren’t that bad in the U.S. quite yet, but it looks like another rough week could be ahead.  The Dow, the S&P 500 and the Nasdaq are all down at least 12 percent from their 52-week highs, and the Russell 2000 is already in bear market territory.  Hopefully this week will not be as bad as last week, but events are starting to move very rapidly now.

Much of the chaos around the globe is being driven by the price of oil.  At the end of last week the price of oil dipped below 30 dollars a barrel, and now Iran has announced plans “to add 1 million barrels to its daily crude production”

Iran could get more than five times as much cash from oil sales by year-end as the lifting of economic sanctions frees the OPEC member to boost crude exports and attract foreign investment needed to rebuild its energy industry.

The Persian Gulf nation will be able to access all of its revenue from crude sales after the U.S. and five other global powers removed sanctions on Saturday in return for Iran's curbing its nuclear program. The fifth-biggest producer in the Organization of Petroleum Exporting Countries had been receiving only $700 million of each month's oil earnings under an interim agreement, with the rest blocked in foreign bank accounts. Iran is striving to add 1 million barrels to its daily crude production and exports this year amid a global supply glut that has pushed prices 22 percent lower this month.

It doesn’t take a genius to figure out what this is going to do to the price of oil.

The price of oil has already fallen more than 20 percent so far in 2016, and overall it has declined by more than 70 percent since late 2014.

When the price of oil first started to fall, a lot of people out there were proclaiming that it would be really good for the U.S. economy.  But I said just the opposite.  And of course since that time we have seen an endless parade of debt downgrades, bankruptcies and job losses.  130,000 good paying energy jobs were lost in the United States in 2015 alone because of this collapse, and things just continue to get even worse.  At this point, some are even calling for the federal government to intervene.  For example, the following is an excerpt from a CNN article that was just posted entitled “Is it time to bail out the U.S. oil industry?“…

America’s once-booming oil industry is suddenly in deep financial trouble.

The epic crash in oil prices has wiped out tens of thousands of jobs, caused dozens of bankruptcies and spooked global financial markets.

The fallout is already being felt in oil-rich states like Texas, Oklahoma and North Dakota, where home foreclosure rates are spiking and economic growth is slowing.

Now there are calls in at least some corners for the federal government to come to the rescue.

Is it just me, or is all of this really starting to sound a lot like 2008?

And of course it isn’t just the U.S. that is facing troubles.  The global financial crisis that began during the second half of 2015 is rapidly accelerating, and chaos is erupting all over the planet.  The following summary of what we have been seeing in recent days comes from Doug Noland

The world has changed significantly – perhaps profoundly – over recent weeks. The Shanghai Composite has dropped 17.4% over the past month (Shenzhen down 21%). Hong Kong's Hang Seng Index was down 8.2% over the past month, with Hang Seng Financials sinking 11.9%. WTI crude is down 26% since December 15th. Over this period, the GSCI Commodities Index sank 12.2%. The Mexican peso has declined almost 7% in a month, the Russian ruble 10% and the South African rand 12%. A Friday headline from the Financial Times: "Emerging market stocks retreat to lowest since 09."

Trouble at the "Periphery" has definitely taken a troubling turn for the worse. Hope that things were on an uptrend has confronted the reality that things are rapidly getting much worse. This week saw the Shanghai Composite sink 9.0%. Major equities indexes were hit 8.0% in Russia and 5.0% in Brazil (Petrobras down 9%). Financial stocks and levered corporations have been under pressure round the globe. The Russian ruble sank 4.0% this week, increasing y-t-d losses versus the dollar to 7.1%. The Mexican peso declined another 1.8% this week. The Polish zloty slid 2.8% on an S&P downgrade ("Tumbles Most Since 2011"). The South African rand declined 3.0% (down 7.9% y-t-d). The yen added 0.2% this week, increasing 2016 gains to 3.0%. With the yen up almost 4% versus the dollar over the past month, so-called yen "carry trades" are turning increasingly problematic.

Closer to home, the crisis in Puerto Rico continues to spiral out of control.  The following is an excerpt from a letter that Treasury Secretary Jack Lew sent to Congress on Friday

Although there are many ways this crisis could escalate further, it is clear that Puerto Rico is already in the midst of an economic collapse

Puerto Rico is already in default. It is shifting funds from one creditor to pay another and has stopped payment altogether on several of its debts. As predicted, creditors are filing lawsuits. The Government Development Bank, which provides critical banking and fiscal services to the central government, only avoided depleting its liquidity by halting lending activity and sweeping in additional deposits from other Puerto Rico governmental entities. A large debt payment of $400 million is due on May 1, and a broader set of payments are due at the end of June.

It isn’t Michael Snyder from The Economic Collapse Blog that is saying that Puerto Rico is “in the midst of an economic collapse”.

That is the Secretary of the U.S. Treasury that is saying it.

Those that have been eagerly anticipating a financial apocalypse are going to get what they have been waiting for.

Right now we are about halfway through January, and this is the worst start to a year for stocks ever.  The Dow is down a total of 1,437 points since the beginning of 2016, and more than 15 trillion dollars of stock market wealth has been wiped out globally since last June.

Unfortunately, there are still a lot of people out there that are in denial.

There are a lot of people that still believe that this is just a temporary bump in the road and that things will return to “normal” very soon.

They don’t understand that this is just the beginning.  What we have seen so far is just the warm up act, and much, much worse is yet to come.

Bear Market: The Average U.S. Stock Is Already Down More Than 20 Percent

Posted: 10 Jan 2016 07:11 PM PST

Angry BearThe stock market is in far worse shape than we are being told.  As you will see in this article, the average U.S. stock is already down more than 20 percent from the peak of the market.  But of course the major indexes are not down nearly that much.  As the week begins, the S&P 500 is down 9.8 percent from its 2015 peak, the Dow Jones Industrial Average is down 10.7 percent from its 2015 peak, and the Nasdaq is down 11.0 percent from its 2015 peak.  So if you only look at those indexes, you would think that we are only about halfway to bear market territory.  Unfortunately, a few high flying stocks such as Facebook, Amazon, Netflix and Google have been masking a much deeper decline for the rest of the market.  When the market closed on Friday, 229 of the stocks on the S&P 500 were down at least 20 percent from their 52 week highs, and when you look at indexes that are even broader things are even worse.

For example, let’s take a look at the Standard & Poor's 1500 index.  According to the Bespoke Investment Group, the average stock on that index is down a staggering 26.9 percent from the peak of the market…

Indeed, the Standard & Poor's 1500 index – a broad basket of large, mid and small company stocks – shows that the average stock’s distance from its 52-week high is 26.9%, according to stats compiled by Bespoke Investment Group through Friday’s close.

"That's bear market territory!" says Paul Hickey, co-founder of Bespoke Investment Group, the firm that provided USA TODAY with the gloomy price data.

So if the average stock has fallen 26.9 percent, what kind of market are we in?

To me, that is definitely bear market territory.

The rapid decline of the markets last week got the attention of the entire world, but of course this current financial crisis did not begin last week.  These stocks have been falling since the middle part of last year.  And what Bespoke Investment Group discovered is that small cap stocks have been hurt the most by this current downturn

Here's a statistical damage assessment, provided by Bespoke Investment Group, of the pain being felt by the average U.S. stock in the S&P 1500 index:

* Large-company stocks in the S&P 500 index are down 22.6%, on average, from peaks hit in the past 12 months.

* Mid-sized stocks in the S&P 400 index are sporting an average decline of 26.5% since hitting 52-week highs.

* Small stocks in the S&P 600 index are the farthest distance away from their recent peaks. The average small-cap name is 30.7% below its high in the past year.

After looking at those numbers, is there anyone out there that still wants to try to claim that “nothing is happening”?

Over the past six months or so, the sector that has been hit the hardest has been energy.  According to CNN, the average energy stock has now fallen 52 percent…

And then there’s energy. The dramatic decline in crude oil prices rocked the energy space. The average energy stock is now down a whopping 52% from its 52-week high, according to Bespoke. The only thing worse than that is small-cap energy, which is down 61%.

If you go up to an energy executive and try to tell him that “nothing is happening”, you might just get punched in the face.

And it is very important to keep in mind that stocks still have a tremendous distance to fall.  They are still massively overvalued by historical standards, and this is something that I have covered repeatedly on my website in recent months.

So how far could they ultimately fall?

Well, Dr. John Hussman is convinced that we could eventually see total losses in the 40 to 55 percent range…

I remain convinced that the U.S. financial markets, particularly equities and low-grade debt, are in a late-stage top formation of the third speculative bubble in 15 years.

On the basis of the valuation measures most strongly correlated with subsequent market returns (and that havefully retained that correlation even across recent market cycles), current extremes imply 40-55% market losses over the completion of the current market cycle, with zero nominal and negative real total returns for the S&P 500 on a 10-to-12-year horizon.

These are not worst-case scenarios, but run-of-the-mill expectations.

If the market does fall about 40 percent, that will just bring us into the range of what is considered to be historically “normal”.  If some sort of major disaster or emergency were to strike, that could potentially push the market down much, much farther.

And with each passing day, we get even more numbers which seem to indicate that we are entering a very, very deep global recession.

For instance, global trade numbers are absolutely collapsing.  This is a point that Raoul Pal hammered home during an interview with CNBC just the other day…

Looking at International Monetary Fund data, “the year-over-year change in global exports is at the second lowest level since 1958,” Raoul Pal, Publisher of the Global Macro Investor told CNBC’s”Fast Money”this week.

Basically, it means economies around the world are shipping their goods at near historically low levels. “Something massive is going on in the global economy and people are missing it,” Pal added.

The steep decline in 2015 exports is second only to 2009, when the global recession led to a 37 percent drop in export growth.

We have never seen global exports collapse this much outside of a recession.

Clearly we are witnessing a tremendous shift, and it boggles my mind that more people cannot see it.

As for this current wave of financial turmoil, it is hard to say how long it will last.  As I write this article, markets all over the Middle East are imploding, stocks in Asia are going crazy, currencies are crashing, and carry trades are being unwound at a staggering pace.  But at some point we should expect the level of panic to subside a bit.

If things do temporarily calm down, don’t let that fool you.  Global financial markets have not been this fragile since 2008.  Any sort of a trigger event is going to cause stocks all over the world to slide even more.

And let us not minimize the damage that has already been done one bit.  As you just read, the average stock on the Standard & Poor's 1500 index is already down 26.9 percent.  The financial crisis that erupted during the second half of 2015 has already resulted in trillions of dollars of wealth being wiped out.

When people ask me when the “next financial crisis” is coming, I have a very simple answer for them.

The next financial crisis is not coming.

The next financial crisis is already here.

An angry bear has been released after nearly seven years in hibernation, and the entire world is going to be absolutely shocked by what happens next.

The Shrinking Global Economy, In Three Charts

Posted: 10 Jan 2016 02:04 PM PST

Regular contributor Michael Pollaro offers three more charts which tell a story that’s both scary and apparently misunderstood by a lot of mainstream analysts.

The US balance of trade (exports minus imports) has been rising lately Since a trade deficit subtracts from GDP growth, a shrinking deficit will, other things being equal, produce a bigger, faster-growing economy (that’s the mainstream take).

US trade balance

But other things aren’t equal. It turns out that the components of that trade balance figure are both shrinking. Exports — the stuff we sell to foreigners — have been declining since the dollar spiked in 2014. That’s not a surprise, since a strengthening currency makes exports more expensive and thus harder to sell. So other countries are buying less of our stuff, which though not surprising is a bad sign.

US exports

Meanwhile, imports — stuff we buy from abroad — have also plunged in the past year, which is partly due to cheaper oil lowering the dollar value of energy and other commodity imports. But it also means that even though French wine and German cars have become less expensive as the dollar has soared against the euro, we’re not buying more of them. So US consumers, even with all the money they’re saving at the gas pump, still can’t (or won’t) take advantage of a sale on imported goods.

US imports

If imports and exports are both falling, that means consumption is weak pretty much everywhere. And weak consumption means slow or negative growth, which contradicts the recovery thesis that now dominates policy making and the financial media.

It also makes last week’s market turmoil easier to understand. Falling trade means lower corporate profits, which, if history is still a valid guide, means less valuable equities. So it could be that the markets are simply figuring this out and revaluing assets accordingly.

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