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- Gold Maintains Value Despite Oil and Stock Market Crash
- Another Year of Insubstantial Gold Trading in the New York Market
- Becoming An Expat Was the Best Decision I Ever Made
- Platinum-Gold Spread: An Interesting Opportunity For 2016-2017
- Nomi Prins: Market Crash Now Underway is “2008 on Steroids”
- Precious Metals Video Update: Gold Showing Relative Strength
- Fund Manager Issues Alert: “Financial Bombs Are Starting To Detonate”
- Another Year of Synthetic Gold Trading in the New York Market
- Video: These Stunning Charts Show Exactly Why You Need Gold Before The Next Wave Hits
- Americans Fail to See Risk in the System, As Markets IMPLODE
- Grant Williams: Nobody Cares (…..about Gold)
- Chart of the Day: US Mint 1996 Silver Eagle Sales vs One Day in Jan 2016:
- Jim Willie: Fed Requires URGENT Help From the Treasury- Silver Will Soar Through $400/oz!
- The Ongoing Global Financial Markets Collapse
- Here We Go: France Declares State of Economic Emergency
- 2016 Starts off With a Cliff Dive in Comex Silver Ounces!
- Gold Tight at $1100 as Barclays Bank Weighs Next Exit from London Bullion Market
- US Mint Sees “Astounding” Demand For Silver Coins
- Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
- Jan 17 1980 : Silver reaches its all time high - H.L. Hunt and the Circle K Cowboys
- Gold Daily and Silver Weekly Charts - Flight To Safety
- Short Sellers Back In The Saddle: Q&A With Bearing Asset Management
- Safe Haven Gold Bullion Over $1100 as Stocks Sink, Commodities Glut Worsens
- Invest In Gold Now As Stock Market To Crash – Faber
- Gold Daily and Silver Weekly Charts
| Gold Maintains Value Despite Oil and Stock Market Crash Posted: 21 Jan 2016 01:08 PM PST GoldStockTrades |
| Another Year of Insubstantial Gold Trading in the New York Market Posted: 21 Jan 2016 01:02 PM PST Le Cafe Américain |
| Becoming An Expat Was the Best Decision I Ever Made Posted: 21 Jan 2016 01:00 PM PST This creates significant opportunity. And it's everywhere… Submitted by Simon Black, Sovereign Man: I had a bit of a housewarming party a few days ago with a pretty diverse group of friends, many of whom had moved here to Chile from foreign countries. One girl that I know is a tattoo artist from […] The post Becoming An Expat Was the Best Decision I Ever Made appeared first on Silver Doctors. |
| Platinum-Gold Spread: An Interesting Opportunity For 2016-2017 Posted: 21 Jan 2016 12:20 PM PST |
| Nomi Prins: Market Crash Now Underway is “2008 on Steroids” Posted: 21 Jan 2016 12:00 PM PST From Greg Hunter, USAWatchdog: Best-selling author and journalist Nomi Prins says the next financial crisis will be much worse than 2008. Prins contends, "If you look at the beginning of 2016 . . . it's indicative of the rest of the year. We are seeing declines everywhere, and they are significant declines. The stock market […] The post Nomi Prins: Market Crash Now Underway is “2008 on Steroids” appeared first on Silver Doctors. |
| Precious Metals Video Update: Gold Showing Relative Strength Posted: 21 Jan 2016 11:37 AM PST A look at Gold against Stocks and Foreign Currencies, Silver, and the gold miners GDX and GDXJ.
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| Fund Manager Issues Alert: “Financial Bombs Are Starting To Detonate” Posted: 21 Jan 2016 11:30 AM PST The real economy is headed for a depression. In other words, it's too late to worry about whether or not correlation among financial assets will cause an economic problem. Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics: I am impressed, you answered very promptly even on a busy day; Thank you […] The post Fund Manager Issues Alert: “Financial Bombs Are Starting To Detonate” appeared first on Silver Doctors. |
| Another Year of Synthetic Gold Trading in the New York Market Posted: 21 Jan 2016 11:02 AM PST Le Cafe Américain |
| Video: These Stunning Charts Show Exactly Why You Need Gold Before The Next Wave Hits Posted: 21 Jan 2016 11:00 AM PST The following charts demonstrate exactly why Russia, China and some of the world's richest investment professionals are feverishly buying up resources around the world. Submitted by Mac Slavo, SHTFPlan: Former Federal Reserve Chairman Ben Bernanke under questioning from Congressman Ron Paul (see video below) stated with conviction and confidence that gold is stockpiled en masse by […] The post Video: These Stunning Charts Show Exactly Why You Need Gold Before The Next Wave Hits appeared first on Silver Doctors. |
| Americans Fail to See Risk in the System, As Markets IMPLODE Posted: 21 Jan 2016 10:30 AM PST Failing to sell your stock holdings right now could result in MASSIVE losses as the world's bubble markets continue to implode. Mike Adams, NaturalNews.com via SHTFPlan: Editor's Comment: Contrary to the popular notion, everything is NOT OK. With all the major world events headed our way, individuals must make preparations for disruptions at banks, with cards and […] The post Americans Fail to See Risk in the System, As Markets IMPLODE appeared first on Silver Doctors. |
| Grant Williams: Nobody Cares (…..about Gold) Posted: 21 Jan 2016 10:21 AM PST Matterhorn AM |
| Chart of the Day: US Mint 1996 Silver Eagle Sales vs One Day in Jan 2016: Posted: 21 Jan 2016 10:00 AM PST Talk about putting things into perspective… The post Chart of the Day: US Mint 1996 Silver Eagle Sales vs One Day in Jan 2016: appeared first on Silver Doctors. |
| Jim Willie: Fed Requires URGENT Help From the Treasury- Silver Will Soar Through $400/oz! Posted: 21 Jan 2016 09:01 AM PST The USFed is so strapped, so deeply under siege, so overwhelmed, that it requires urgent help from the USDept Treasury. So they have expanded QE to become Double Barreled Hidden QE to Infinity. The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value […] The post Jim Willie: Fed Requires URGENT Help From the Treasury- Silver Will Soar Through $400/oz! appeared first on Silver Doctors. |
| The Ongoing Global Financial Markets Collapse Posted: 21 Jan 2016 09:00 AM PST Remember the economic catch phrase, "when the U.S. sneezes, the world catches a cold?" The idea being that the U.S. is the economic engine of the world and if the U.S. economy tanks, the global economy tanks. The current "vogue" in the financial media is to blame the incipient melt-down in global stock markets […] The post The Ongoing Global Financial Markets Collapse appeared first on Silver Doctors. |
| Here We Go: France Declares State of Economic Emergency Posted: 21 Jan 2016 08:30 AM PST Hollande has declared an economic state of emergency… The post Here We Go: France Declares State of Economic Emergency appeared first on Silver Doctors. |
| 2016 Starts off With a Cliff Dive in Comex Silver Ounces! Posted: 21 Jan 2016 08:00 AM PST 2016 Brings Serious Silver Action This week I took a look at something that just happened in Comex silver, something that really made me sit up and take notice. From The Wealth Watchman: We discuss: How much silver was just sucked out of available Comex supply… Why the huge Comex silver drawdown is crucial at […] The post 2016 Starts off With a Cliff Dive in Comex Silver Ounces! appeared first on Silver Doctors. |
| Gold Tight at $1100 as Barclays Bank Weighs Next Exit from London Bullion Market Posted: 21 Jan 2016 07:02 AM PST Bullion Vault |
| US Mint Sees “Astounding” Demand For Silver Coins Posted: 21 Jan 2016 05:02 AM PST gold.ie |
| Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone Posted: 20 Jan 2016 04:14 PM PST
As bad as things are in the U.S. right now, the truth is that we still have a long way to go to catch up with the rest of the planet. Around the world, many major stock indexes are already down more than 30 or 40 percent. Overall, the MSCI All-Country World Index is now down 20 percent, which officially puts us in bear market territory…
Much of this chaos is being driven by the price of oil. On Wednesday the price of U.S. oil dropped below 28 dollars a barrel for a while, and as I write this article Brent crude is still below 28 dollars a barrel. As energy prices continue to plummet, this is putting a tremendous amount of pressure on junk bonds. On Wednesday JNK actually dipped beneath 32.00 for a time before rebounding at the end of the day. I expect to see junk bonds continue to crash during the days ahead as investors feverishly race for the exits. And of course global economic fundamentals continue to deteriorate as well. Global trade is absolutely imploding and shipping rates have fallen to unprecedented levels. If you can believe it, Bloomberg is reporting that it is now actually cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari…
I could hardly believe that when I first read it. But this is the kind of thing that we would expect to see happen when the greatest financial bubble in world history bursts. The 200 trillion dollar global debt pyramid is now collapsing all around us, and the former chief economist of the Bank for International Settlements is warning that we could soon be facing “an avalanche of bankruptcies”…
Of course it is a little late in the game to be warning us about this now. At this point there is very little that can be done to stop the collapse that is already happening. White went on to tell the Telegraph that things are going to become “uncomfortable for a lot of people who think they own assets that are worth something”…
For years, I have been warning that the global financial system is an incredibly shaky house of cards, and now we have finally reached the endgame. But the mainstream media in the United States is telling everyone not to panic. Instead of a time to sell, the mainstream media is urging people to jump in and take advantage of all of the “great deals” in the stock market right now. I really like what Mike Adams of Natural News had to say about what we are seeing…
The financial chaos that has erupted in recent weeks has really caught a lot of people by surprise, but my readers knew that it was coming well in advance. For months, I have been warning about this exact kind of scenario. The deflationary financial meltdown that started during the last six months of 2015 is now making headlines all over the planet, and what we have experienced so far is just the tip of the iceberg. The bears have gotten out of their cages, and global investors are running for cover. Nobody is exactly sure what is going to happen tomorrow, but without a doubt the entire world will be watching. |
| Jan 17 1980 : Silver reaches its all time high - H.L. Hunt and the Circle K Cowboys Posted: 20 Jan 2016 04:00 PM PST Silvertrading |
| Gold Daily and Silver Weekly Charts - Flight To Safety Posted: 20 Jan 2016 03:03 PM PST Le Cafe Américain |
| Short Sellers Back In The Saddle: Q&A With Bearing Asset Management Posted: 20 Jan 2016 10:47 AM PST The improbable success of The Big Short, a scathing and hilarious tutorial on making money during a financial crisis, probably has a lot of people thinking that now might be a good time to start betting against the current bubble(s). That’s a well-timed thought because it comes after three long years in which shorting was really, really hard. Why was it hard? Because easy money — at first — floats all boats. When interest rates are low and financing is readily available, even the crappiest companies can pay their bond interest and support their share price with debt-fueled share repurchases. The uniformity of the past few years’ bull market was so extreme that buying the most heavily-shorted stocks — on the assumption that those companies would have access to sufficient capital to support their market value, thus forcing the shorts to cover at ever-higher prices — was a successful and widely-practiced strategy. But as Warren Buffett likes to say, when the tide goes out you see who’s swimming naked. And in the past year, as the US stopped quantitatively easing, China stopped buying commodities and oil tanked, the tide has gone out with a vengeance. Already, the Russell 2000 index of small-cap stocks is down 22 percent from its cycle high and fully half of the S&P 500 is down more than 20%. Long-suffering short sellers, as a result, now find themselves in a target-rich environment reminiscent of The Big Short’s final act. Dallas-based Bearing Fund is a case in point. After a “humbling” couple of years, partners Bill Laggner and Kevin Duffy have ridden some high-profile short positions (including SunEdision, Wynn Resorts and Valeant) to big gains, with — if this bubble deflates according to the standard script — much more still to come. Here’s a short Q&A compiled from an exchange of emails: DollarCollapse: The past few years have been tough for short sellers. But during 2015 that changed in a big way. What happened? Laggner and Duffy: The commodity bubble actually began to crack in 2011, led by deterioration in China and the first convincing signs of governments losing control. But speculators continued to stay at the casino, especially in the US where short-term interest rates remained at zero. So unlike the last bubble where real estate was the main collateral, this series of echo bubbles included any kind of financial asset. After the commodity sector was hit, other related countries’ stocks and currencies began to falter, led by Brazil and Russia. The last shoes to drop were various sectors of the US economy as endless intervention finally exhausted itself and nonfinancial operating profits peaked. By the end of 2015, 52% of the stock market was down 15% or more. DC: You maintain a list that’s a mirror image of those that most money managers compile, because yours — the Bearing Short Index — is made up of things that you expect to go down. How has it performed historically and recently? L & D: When we created the Bearing Credit Bubble Index in 2004 our goal was to demonstrate where the real distortions were playing out from central bank largess. Those sectors eventually declined by 70%-80%. About 18 months ago we constructed an equal-weighted index of our short selling universe at the time, 53 stocks. From its all-time high on June 23, the Bearing Short Index was down 20.3% by mid-December. Over the same period, the S&P 500 was -4.8%. Of the 53 stocks in the index, 11 were down over 40% from their 52-week highs while 5 were down over 60%. In other words, the past six months have been ideal for short sellers and miserable for a number of high profile hedge funds which have been long many of these formerly highflying stocks. The coordinated central banking interventions this cycle led to numerous distortions in a variety of sectors and over the last 12 months the Bearing Short Index has declined at roughly 4X the rate of S&P 500. So clearly we’ve identified some of the more egregious actors. DC: What are your main themes? In other words, what parts of the global economy do you expect to do most badly from here? L & D: Prolonged ZIRP has fueled the biggest bubble since ’00. China led the charge by expanding debt by over $18 trillion since ’09, so unwinding that means lower commodity prices and Chinese bank solvency problems. Meanwhile, the infatuation with anything offering yield like REITs, MLPs, junk bonds, alternative energy “yieldcos” will end in tears once the commodity carnage is recognized by the market. Finally, much of the debt from the prior two bubbles was never allowed to deflate. So excess everything (derived from cheap credit) will ultimately lead to contraction in economic activity/profits, driving most asset prices back below fair market value. DC: Right now the world is in chaos and most categories of financial assets are falling hard. How long do you see this continuing and how will you know when a bottom is in? L & D: Well, we know that getting here [since the 2008-2009 crisis] took almost $63 trillion in new debt globally and a tremendous level of financial engineering/leverage, so with pieces of the commodity cycle crashing to earth we would say this is the top of the second inning. Bottoms take time and unfortunately moral hazard created by bailouts/stimulus has encouraged many to await the next rescue mission experiment. Of course, margin clerks are getting busy and many of the speculators are playing with rented merchandise, so selling begets selling. At the bottom you will see despair, frustration, and obviously no discussions at cocktail parties about stocks or real estate investing. DC: What role do precious metals play in the world you see coming? How do you choose among the various ways of owning/betting on gold and silver? L & D: Gold is unencumbered money so owning gold is really just insurance in the event fiat currency systems end badly. Of course owning gold miners is much more challenging as the industry became distorted from suppressed interest rates and related malinvestment. We’ve tried to find good operators in relatively safe jurisdictions with lows costs. The recession in mining coupled with low energy costs has allowed many of these companies to lower all-in sustaining costs so gold miners look attractive again. CD: You’re both followers of the Austrian School of economics. How does this inform your decision making? L & D: The economy is a complex adaptive system similar to the brain, the Internet, and ant colonies. The connections are important and information gets transmitted via the price system. Austrians recognize that interfering with freely determined market prices (by central command) sends the wrong signals to economic actors. When a central bank suppresses the price of credit – interest rates – bad things happen. To quote Jim Grant, "This is like turning all the traffic lights green." One possible result of this is inflated asset prices and an unsustainable boom. Austrian Business Cycle Theory tells us that the depth of the bust will be proportional to the boom. Since we just witnessed a tripling of stock prices over a 6 year period, we expect the ensuing bust to be historic. As Austrians, we also know to look for areas of malinvestment on the short side, typically long-term grandiose projects (like record high skyscrapers in China) or consumer goods where long-term financing is offered (such as 7 year auto loans). On the long side, it suggests we keep it simple and invest in basic necessities like food and affordable luxuries like beer. "When the going gets tough, people eat, drink and smoke." Full disclosure: Bearing and DollarCollapse have an advertising relationship. |
| Safe Haven Gold Bullion Over $1100 as Stocks Sink, Commodities Glut Worsens Posted: 20 Jan 2016 06:05 AM PST Bullion Vault |
| Invest In Gold Now As Stock Market To Crash – Faber Posted: 20 Jan 2016 04:05 AM PST gold.ie |
| Gold Daily and Silver Weekly Charts Posted: 19 Jan 2016 01:03 PM PST Le Cafe Américain |
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