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Wednesday, March 16, 2016

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Fractal Analysis Shows Coming 70s Style Gold Stocks Rally From Even Cheaper Levels

Posted: 16 Mar 2016 12:39 PM PDT

Fractal Analysis Shows Coming 70s Style Gold Stocks Rally From Even Cheaper Levels By Hubert Moolman In terms of the gold price, gold stocks are currently at better value than at the beginning of the bull market in 2001. In 2001, at the bottom of the gold bull market, the XAU to Gold ratio was […]

Integra Gold Challenge With Rob McEwen, Sean Roosen, Brent Cook, Integra Gold And Top 5 Contestants!

Posted: 16 Mar 2016 12:06 PM PDT

Never Before Has America Been Hit By So Many Historic Floods In Such a Short Period Of Time

Posted: 16 Mar 2016 12:00 PM PDT

The United States has never seen anything like this…   Submitted by Michael Snyder:  The United States has been hit by seven historic floods since the month of September, and the latest one is making headlines all over the planet.  This week, nearly two feet of rain triggered record-setting flooding in parts of Texas, Louisiana […]

The post Never Before Has America Been Hit By So Many Historic Floods In Such a Short Period Of Time appeared first on Silver Doctors.

FOMC today and Gold

Posted: 16 Mar 2016 11:16 AM PDT

Commodity Trader

March BoJ Meeting and Gold

Posted: 16 Mar 2016 11:16 AM PDT

SunshineProfits

Fed Holds Serve, Gold and Silver Go Vertical

Posted: 16 Mar 2016 11:08 AM PDT

The Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent The stance of monetary policy remains accommodative 1 member voted to raise rates to 1/2 – 3/4% Gold and silver go vertical on the release Full FOMC Statement Is Below:   Gold: Silver:   From the FOMC: […]

The post Fed Holds Serve, Gold and Silver Go Vertical appeared first on Silver Doctors.

GOP’s DEMISE Ahead & SOVIET-STYLE ONE Party System | Mike Rivero

Posted: 16 Mar 2016 11:00 AM PDT

Is a Soviet-style ONE party system dead ahead for America?  In this interview with Finance and Liberty, Mike Rivero makes the case:

The post GOP’s DEMISE Ahead & SOVIET-STYLE ONE Party System | Mike Rivero appeared first on Silver Doctors.

US Credit Card Debt Is Approaching A Trillion Dollars

Posted: 16 Mar 2016 10:00 AM PDT

For the first time ever, total credit card debt in the United States is approaching a trillion dollars.  Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again.  In fact, U.S. consumers accumulated more new credit card debt during the 4th quarter of […]

The post US Credit Card Debt Is Approaching A Trillion Dollars appeared first on Silver Doctors.

World’s Largest Reinsurer Buying Gold To Counter Punishing Negative Rates

Posted: 16 Mar 2016 09:01 AM PDT

gold.ie

The Rothschild Formula is Complete: The US is Done!

Posted: 16 Mar 2016 09:00 AM PDT

The Rothschild formula of Give me control of a nation's money, and I care not who makes the rules was finally entrenched with the forced passage of the Federal Reserve Act of 1913.  The economic dismantling of the United States is a fait accompli. The US is done, beyond economical repair.   Submitted by ETP: Political […]

The post The Rothschild Formula is Complete: The US is Done! appeared first on Silver Doctors.

German bank that almost failed now being paid to borrow money

Posted: 16 Mar 2016 08:00 AM PDT

This is exactly the same madness we saw ten years ago during the housing bubble and the subsequent financial crisis…   Submitted by Simon Black, Sovereign Man:  The 12.5 hours spent crossing the Pacific on Qantas flight 27 feels like going through a wormhole. The flight departs Sydney, Australia at 12:50pm and arrives to Santiago, […]

The post German bank that almost failed now being paid to borrow money appeared first on Silver Doctors.

Harvey Organ: SLV Adds Monstrous 3.236 M oz of Silver, Yet Prices Smashed!

Posted: 16 Mar 2016 07:31 AM PDT

IN TWO DAYS, SLV ADDED A MONSTROUS 3.236 MILLION OZ AND YET THE PRICE OF SILVER GOES DOWN ON TWO MASSIVE RAID DAYS.     GOLD AND SILVER WHACKED AGAIN AS OPEN INTEREST DID NOT DECLINE AS MUCH AS BANKERS DESIRED/CHINA SIGNALS THAT IT MAY INTRODUCE A TAX ON FOREIGN EXCHANGE TRANSACTIONS AS THEY TRY AND […]

The post Harvey Organ: SLV Adds Monstrous 3.236 M oz of Silver, Yet Prices Smashed! appeared first on Silver Doctors.

The Status Quo Plan – Convince the American Public to Accept Serfdom

Posted: 16 Mar 2016 07:00 AM PDT

The American public has two clear choices: Fight back, or accept serfdom.     Submitted by Michael Krieger, Liberty Blitzkrieg: Earlier today I came across a fantastic article published at Naked Capitalism by a writer known as Gaius Publius. Yves Smith introduces the piece with the following poignant passage: Let us not forget that the […]

The post The Status Quo Plan – Convince the American Public to Accept Serfdom appeared first on Silver Doctors.

Gold Stocks: Surfing An Institutional Wave – Stewart Thomson

Posted: 16 Mar 2016 04:00 AM PDT

While anything is possible in any market at any time, including new lows for gold, I think the Western gold community is starting to look pretty good here, given the sizable institutional buying taking place "across the board" in gold stocks. Because a lot of that buying is value-oriented, even if gold did "impossibly" go […]

The post Gold Stocks: Surfing An Institutional Wave – Stewart Thomson appeared first on Silver Doctors.

Precious Metals – Cutting Through Confusion

Posted: 15 Mar 2016 09:07 PM PDT

Precious Metals

- Cutting Through the Confusion

With all of the economic headlines and prognosticators screaming the headline of the minute it's enough to make your head swim. Too much information, rather than helping us sometimes is just throwing up so much smoke it's confusing. Rather than bringing clarity it just's just additional distraction away from what is important.

Today at www.preciousmetalsinvesting.com Ted Sudol talks with Paul Mladjenovic about precious metals and the big picture. Paul is the author of Precious Metals Investing For Dummies, Stock Investing for Dummies, and High Level Investing For Dummies.

Precious metals have been in a tough market for a while. We assumed the bear market would not last as long as it did. But we firmly believe that the precious metals are headed on their way up. So far in 2016 gold and silver are up in 2016 while the stock market performance in the first quarter of this year has been dreadful.

Precious metals and precious metals investments should be a part of the diversification of your portfolio.

Remember that gold etf's, gold stocks, etc are still just paper carrying counter party risk. It's important that part of your diversification should be in hard assets - the physical precious metals.

The Precious Metals Investing podcast is now on iTunes. Use this link: Precious Metals Investing iTunes listing

If you want to find out more about Paul Mladjenovic and the products and services he offers please go to his resource page here on this web site.

The post Precious Metals – Cutting Through Confusion appeared first on PreciousMetalsInvesting.com.

Jim Willie Issues Alert: “Systemic Lehman Event Is In Progress”

Posted: 15 Mar 2016 08:30 PM PDT

“A systemic Lehman event is in progress…” Submitted by Jim Willie, GoldenJackass:  The current monetary policy is stuck in place. It is highly destructive to banking systems, working capital, and financial markets. Yet it continues ad infinitum, actually until the great collapse. A systemic Lehman event is in progress, as the global financial structure is […]

The post Jim Willie Issues Alert: “Systemic Lehman Event Is In Progress” appeared first on Silver Doctors.

We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy

Posted: 15 Mar 2016 01:17 PM PDT

Abandoned Packard Automobile Factory - Photo by Albert DuceExports fell precipitously during the last two recessions, and now it is happening again.  So how in the world can anyone make the claim that the U.S. economy is in good shape?  On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the current crisis, and I am going to discuss another one today.  Since peaking in late 2014, U.S. exports have been steadily declining, and this is something that we never see outside of a major recession.  On the chart that I have shared below, the shaded gray bars represent the last two recessions, and you can see that exports of goods and services plunged dramatically in both instances…

Exports Of Goods And Services - Public Domain

And this chart does not even show the latest numbers that we have.  During the month of January, U.S. exports fell to a five and a half year low

The U.S. trade deficit widened more than expected in January as a strong dollar and weak global demand helped to push exports to a more than 5-1/2-year low, suggesting trade will continue to weigh on economic growth in the first quarter.

The Commerce Department said on Friday the trade gap increased 2.2 percent to $45.7 billion. December’s trade deficit was revised up to $44.7 billion from the previously reported $43.4 billion. Exports have declined for four straight months.

Because our exports are falling faster than our imports, our trade deficit is blowing out once again.  Every year we buy hundreds of billions of dollars more from the rest of the world than they buy from us, and this is systematically wrecking our economy.  Over the past several decades, we have lost tens of thousands of manufacturing facilities, millions of good paying manufacturing jobs, and major exporting nations such as China have become exceedingly wealthy at our expense.

We are being absolutely killed on trade, and yet very few of our politicians ever want to talk about this.

A brand new study that was recently discussed in the New York Times is bringing some renewed attention to these problems.  It turns out that the promised “benefits” of merging the U.S. economy into the global economic system simply have not materialized…

In a recent study, three economists — David Autor at the Massachusetts Institute of Technology, David Dorn at the University of Zurich and Gordon Hanson at the University of California, San Diego — raised a profound challenge to all of us brought up to believe that economies quickly recover from trade shocks. In theory, a developed industrial country like the United States adjusts to import competition by moving workers into more advanced industries that can successfully compete in global markets.

They examined the experience of American workers after China erupted onto world markets some two decades ago. The presumed adjustment, they concluded, never happened. Or at least hasn't happened yet. Wages remain low and unemployment high in the most affected local job markets. Nationally, there is no sign of offsetting job gains elsewhere in the economy. What's more, they found that sagging wages in local labor markets exposed to Chinese competition reduced earnings by $213 per adult per year.

Another study conducted by some of the same researchers discovered that 2.4 million American jobs were lost between 1999 and 2011 due to rising Chinese imports.

When are we going to finally wake up?

The middle class in America is being absolutely shredded, and yet only a few of us seem to care.

Meanwhile, global trade as a whole continues to slow down at a very frightening pace.  We just learned that the China Containerized Freight Index has now dropped to the lowest level ever recorded.  The following comes from Wolf Richter

The China Containerized Freight Index (CCFI), published weekly, tracks contractual and spot-market rates for shipping containers from major ports in China to 14 regions around the world. Unlike most Chinese government data, this index reflects the unvarnished reality of the shipping industry in a languishing global economy. For the latest reporting week, the index dropped 4.1% to 705.6, its lowest level ever.

How many numbers like this do we have to get before we will all finally admit that we are in the midst of a major global economic meltdown?

Here in the United States, the recent rally in the stock market has most people feeling pretty good about things these days.  But the truth is that there are ups and downs during any financial crisis, and this recent rally is putting the finishing touches on a very dangerous leaning “W” pattern that could signal a big dive ahead.

Harry Dent, the author of “The Demographic Cliff: How to Survive and Prosper During the Great Deflation Ahead“, has shown that this leaning “W” pattern is part of a huge “rounded top” for the S&P 500.  The following is a brief excerpt from one of his recent articles

The bull market from early 2009 into May 2015 looks just like every bubble in history, and I'm getting one sign after the next that we did indeed peak last May. The dominant pattern in the stock market is the "rounded top" pattern:

S&P 500 Rounded Top

After trading in a steep, bubble-like channel from late 2011 into late 2014, with only 10% maximum volatility top to bottom, the market finally lost its momentum… just as the Fed finished tapering its QE. That's because the Fed was the primary driver in this stock bubble in the first place!

Now is not the time to relax at all.

In fact, now is the time to sound the alarm louder than ever.

That is one reason why my wife and I have started up a new television program.  It will be airing on Christian television, but it will also be available on YouTube as well…

As I have said before, 2016 is the year when everything changes.

So don’t be fooled just because the stock market had a couple of good weeks.  The truth is that global economic activity is slowing down significantly, geopolitical instability continues to get even worse, and this political season has caused very deep, simmering tensions in the United States to rise to the surface.

Let us hope that we have a few more weeks of relative stability like we are currently experiencing so that we can have more time to get prepared, but I certainly wouldn’t count on it.

Gold Stocks Reverse at Resistance Targets

Posted: 04 Mar 2016 03:11 PM PST

Two weeks ago, regarding the miners we wrote:

If it (GDXJ) surpasses its 80-week moving average then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22.

Earlier today GDX and GDXJ came within pennies of $21 and $29 respectively while Gold touched $1280 before reversing. While Gold and gold stocks could continue a bit higher, their rebound may have ended Friday morning.

A weekly candle chart of GDXJ and GDX is below. The miners over the past six weeks have formed six white candles and taken out their 80-week moving averages, which contained the strongest rallies during the bear market. However, the miners formed a nasty reversal on Friday after touching resistance earlier in the day. The miners could, at the least, test their 80-week moving averages which are now support.   

mar42016minersw

GDXJ, GDX Weekly Candles

 

The recent rebound was similar to that from the October 2008 lows. Then, GDX rebounded 69% (from low tick to high tick) in five weeks while over the past six weeks GDX surged 68%. Then, GDX corrected 20%. GDX also corrected 29% during that rebound. In recent weeks GDX has not corrected more than 10%. It would not be unreasonable for GDX to correct 20% or even 25% from Friday's high.

Meanwhile, Gold reversed course after reaching a confluence of resistance which includes the 40-month moving average. There remains a small chance that Gold could test $1300/oz before correcting. Gold has support at $1240/oz and $1200/oz.
Mar42016Goldm

 

The bearish reversal at resistance coupled with history makes a strong argument that gold stocks could correct recent gains in the days and weeks ahead. A 20% decline would be normal and reasonable given the context. For those of us waiting for a correction, it could be coming. The month of March may provide the best buying opportunity in the miners since December 2015. Consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2016.

 

By Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com

 

Kiss the Bear Goodbye (But Wear a Helmet). . .

Posted: 04 Mar 2016 12:00 AM PST

Friday's morning action in gold has been at once both terrific and frothy, wonderful and scary, and redemptive and soothing, says precious metals expert Michael Ballanger.

Visit the aureport.com for more information and for a free newsletter

The Economic Collapse Of South America Is Well Underway

Posted: 03 Mar 2016 06:46 PM PST

Earth - Our World - Public DomainThe 7th largest economy on the entire planet is completely imploding.  I have written previously about the economic depression that is plaguing Brazil, but since my last article it has gotten much, much worse.  During 2015, Brazil’s economy shrank by 3.8 percent, but for the most recent quarter the decline was 5.89 percent on a year over year basis.  Unemployment is rising rapidly, the inflation rate is up over 10 percent, and Brazilian currency has lost 24 percent of its value compared to the U.S. dollar over the past 12 months.

At this point, Brazil is already experiencing its longest economic downturn since the Great Depression of the 1930s, and things are getting worse for ordinary Brazilians every single day.  The following comes from CNN

But with Brazil plunging into its worst recession in over two decades — hopes for a brighter future are fading. The Brazilian economy shrank 3.8% in 2015, according to government data published Thursday. That’s the biggest annual drop since 1990 and the country is in its longest recession since the 1930s.

I have never seen anything like this,” said Alves, 24, as he stood on his balcony overlooking Rocinha, a massive lower middle class neighborhood or favela in Rio de Janeiro where he grew up. “My parents would tell me about hard times, but today it is really tough. Prices are going up every day.”

So how did this happen?

Well, there are a couple of factors that are really hurting South American economies.

Number one, during the “boom years” governments and businesses in South America absolutely gorged on debt.  Unfortunately, many of those loans were denominated in U.S. dollars, and now that the U.S. dollar has appreciated greatly against local South American currencies it is taking far more of those local currencies to service and pay back those debts.

Number two, collapsing prices for oil and other commodities have been absolutely brutal for South American economies.  They rely very heavily on exporting commodities to the rest of the world, and so at the same time their debt problems are exploding they are getting a lot less money for the oil and industrial commodities that they are trying to sell to North America, Asia and Europe.

I want you to pay close attention to the following chart and analysis from Zero Hedge.  As you can see, the economic problems in Brazil appear to be greatly accelerating…

"The Brazilian economic downturn took a real turn for the worse in February,” according to Markit’s Composite PMI, which collapsed to record lows at 39.0. Despite a slightly less bad than expected GDP print this morning (still down a record 5.89% YoY), hope was quickly extinguished as PMIs showed economic activity continuing to contract at a record pace, job losses accelerating, and manufacturing’s collapse accelerating. As Market sums up, “With the global economy also showing signs of slowing, which will impact on external demand, it looks as if the downturn is set to continue to run its course in the coming months.”

GDP was a disaster (but better than expected)

Brazil GDP - Zero Hedge

And of course Brazil is not the only South American economy that is a basket case right now.  In fact, things in Venezuela are far worse.  In 2015, the Venezuelan economy shrunk by 10 percent, and the official rate of inflation was a staggering 181 percent.

Could you imagine living in an economy with a 181 percent inflation rate?

As prices have escalated out of control, citizens have attempted to hoard basic supplies in advance, and this has resulted in food shortages that are absolutely frightening

Cardboard signs on the door warning of "No bread" have become increasingly common at Venezuelan bakeries.

Venezuela gets 96 percent of its foreign currency from oil exports, and as crude prices have plunged, so have the country's imports — among them wheat.

The leftist government of President Nicolas Maduro has tightly controlled access to hard currency, and this has affected imports ranging from medicine to toilet paper. Now it is seriously affecting imports of wheat, which Venezuela does not grow.

Add to this the soaring inflation rate — 181 percent in 2015, the world's highest — and you see why customers are mainly interested in buying basic food items such as bread.

Here in the United States, there are still people who doubt that an economic crisis is happening.

But in Venezuela and Brazil there is no debate.

Unfortunately, what is happening in Venezuela and Brazil is also slowly starting to happen to most of the rest of the planet as well.  It is just that they are a little farther down the road.  Economic and financial bubbles are bursting all over the world, and I like how author Vikram Mansharamani described this phenomenon during a recent interview with CNBC

Deflationary tides are lapping the shores of countries across the world and financial bubbles are set to burst everywhere, Vikram Mansharamani, a lecturer at Yale University, told CNBC on Thursday.

I think it all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shore of countries literally everywhere,” the high-profile author and academic said at the Global Financial Markets Forum in Abu Dhabi.

And of course the evidence of what Mansharamani was talking about is all around us.

Just this week we found out that Chinese state industries plan to lay off five to six million workers, U.S. factory orders have now fallen for 15 months in a row, and the corporate default rate in the United States has now risen above where it was at when Lehman Brothers collapsed.

There are some people that would like to point to the fact that stocks have bounced back a bit over the past couple of weeks as evidence that the crisis is over.

If they want to believe that, they should go ahead and believe that.

Unfortunately, the truth is that the hard economic numbers that are coming in from all over the world tell us very clearly that global economic activity is slowing down significantly.

A new global recession has already begun, and the pain that is already being felt all over the planet is just the beginning of what is coming.

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