Gold World News Flash |
- Silver, Gold, Bitcoin & Freedom All on the Rise
- Madness in the Crimex Gold and Silver Trading Pits
- Oil futures rise on weak dollar, new cash inflows
- CRB, Gold, Oil, Cotton, Coffee - 7 Must See Commodities Charts
- China Has The GOLD: Move Over Dollar, West, LBMA
- Seymour Hersh – Saudi Government Paid Pakistan to Hold Osama bin Laden to Prevent U.S. Interrogation
- HIllary Clinton’s Business of Corporate Shilling & War Making
- THE DOLLAR GRASP ON ITS STATUS OF GLOBAL RESERVE CURRENCY CONTINUES TO SLIP AWAY. WHAT WILL BE ITS FATE AS THE WORLD ABANDONS IT?
- Cash-Starved ISIS Offers Incentive Pay For Fighters: $50 Per "Female" Sex Slave
- The Chances of a COMEX Default … GUARANTEED!
- Seymour Hersh: Saudis Paid Pakistan to Hold bin Laden To Prevent U.S. Interrogation
- Gold, Silver & Mining: FORTUNES being Made!
- Doug Casey Warns: "It's The Next Stage Of The Greater Depression..."
- Gold Price Closed at $1238.90 up $10.20 or 0.83%
- Gold Price Target is $3,000 and Silver is $75 per Ounce
- Gold and Silver Price Targets of $3,000 and $75 per Ounce
- Gold Price Target is $3,000 and Silver is $75 per Ounce
- This compilation of black beam events truly is stranger than fiction...
- The New Monetary Accord No One’s Talking About
- Full Speech: Donald Trump Holds Rally in Warwick, RI (4-25-16)
- The Lemmings of Wall Street
- FBI has Backdoor to American's Phones -- John McAfee
- Marshal Law Drill Across America
- It’s Waayyy Too Early to Take Profits on Gold & Silver
- The Next Global Economic Collapse Has Already Begun
- Busy Week Ahead for Central Bank Meetings
- Dajjal Pakistan, India & Israel in WW3 | Sheikh Imran Hosein
- The Money When the SHTF After the Collapse?
- Interesting Silver Debate: Do Old Indicators Matter Or Is Physical About To Overrun Paper?
- LiTHIUM X Is Not Alone—Profiling This Marketplace Darling and Others in the Sweet Spot
- Breaking News And Best Of The Web — April 26
- From Dollar Daze to Dollar Days
- Gold and Silver Management of Perceptions
- Gold Miners Nub is the Sweat of the Sun
- US Dollar Price Forecast
- Top Ten Videos
| Silver, Gold, Bitcoin & Freedom All on the Rise Posted: 26 Apr 2016 12:00 AM PDT from VictoryIndependence: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Madness in the Crimex Gold and Silver Trading Pits Posted: 25 Apr 2016 10:13 PM PDT Michael Ballanger Precious metals expert Michael Ballanger discusses effects of the Bank of Japan's actions on the U.S. dollar, silver and gold The "big story" circulating around the blogosphere yesterday and last evening was a paper authored by Pimco' s "strategist" Harley Bassman that essentially opined that "the Fed should unleash a massive Fed gold purchase program that could echo a Depression-era effort that effectively boosted the U.S. economy." Well, isn't that original? Back in 2013 I reviewed Michael Lewis' follow-up to "The Big Short," a brilliant piece of work entitled "Boomerang—Travels in the New Third World" where Lewis interviews a Deputy Finance Minister at the German Bundesbank who told Lewis that because Germany had 3,390.6 tonnes of gold, its entire government debt was "covered." At the time, I was listening to the audiobook while on a treadmill and I actually had a Eureka moment and immediately texted myself a reminder to make that the central theme of the weekend note to clients, which I did. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil futures rise on weak dollar, new cash inflows Posted: 25 Apr 2016 10:04 PM PDT The Hindu Business Line | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRB, Gold, Oil, Cotton, Coffee - 7 Must See Commodities Charts Posted: 25 Apr 2016 09:43 PM PDT Commodities are in a positive cycle. It is too early to tell whether the long term bear market is over, but short and medium term momentum is clearly in favor of commodity bulls. In this article, we revise 7 must-see charts covering the commodities complex, which reveal current and future investment opportunities. First, the CRB commodoties index bottomed in January of this year. At that point in time, sentiment was even worse than during the depth of the 2008 financial crisis. The first chart shows how bad sentiment was in the last months of 2015 / early January 2016, see lower pane. Consequently, the upside potential is enormous as commodities are currently nowhere near positive sentiment levels. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China Has The GOLD: Move Over Dollar, West, LBMA Posted: 25 Apr 2016 08:40 PM PDT from Junius Maltby: Move over Dollar, West, LBMA, CHINA Has the Gold. More news and now discussions on the impact the SGE, SHAU, Shanghai Gold Exchange, and the gold linked Renminbi will have on the world metals markets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Seymour Hersh – Saudi Government Paid Pakistan to Hold Osama bin Laden to Prevent U.S. Interrogation Posted: 25 Apr 2016 08:20 PM PDT by Michael Krieger, Liberty Blitzkrieg:
The official 9/11 story has been filled with holes since the very beginning, but a traumatized American public was too gullible and emotionally damaged to see them. Those of us who saw such inconsistencies and pointed them out have been derided as "conspiracy theorists" for years, yet fifteen years later, the biggest "conspiracy theory" in modern American history is rapidly becoming conspiracy fact. At the very least, we now know there was Saudi involvement far beyond just the 15 of 19 hijackers who were Saudi nationals, but that's still just scratching the surface. Once people come to terms with the fact the tale they've been told was completely invented, other obvious questions will have to be asked. Most critically, the question of World Trade Center 7. As I wrote in the recent post, 60 Minutes Explores the Saudi Links to 9/11 Attacks:
Yes, it's true, and we desperately need to get to the bottom of this.
But I digress. The main thrust of this article is to highlight some new revelations from Pulitzer Prize winning journalist Seymour Hersh. Last May, he published a blockbuster article challenging the entire government story surrounding the death of Osama bin Laden, something I highlighted in the post: U.S. Officials Panic About Seymour Hersh Story; Then Deny His Claims Using Jedi Mind Tricks. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| HIllary Clinton’s Business of Corporate Shilling & War Making Posted: 25 Apr 2016 08:00 PM PDT from Empire Files: Digging deep into Hillary’s connections to Wall Street, Abby Martin reveals how the Clinton’s multi-million-dollar political machine operates. This episode chronicles the Clinton’s rise to power in the 90s on a right-wing agenda, the Clinton Foundation’s revolving door with Gulf state monarchies, corporations and the world’s biggest financial institutions, and the establishment of the hyper-aggressive “Hillary Doctrine” while Secretary of State. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 25 Apr 2016 07:40 PM PDT by Filip Karinja, Birch Gold Group:
Us humans, living our relatively short lives, tend to overlook long-term trends. With the U.S. dollar acting as global reserve currency since the Bretton Woods conference following World War II, most Americans alive today don't know anything different. But, this has not always been the case. Before the U.S. dollar, we had the world's reserve currency held by Britain, France, the Netherlands, Spain and Portugal. Today, Spain and Portugal would be on the bottom of the list to receive such a status! So, there should be no mistaking: Over generations, things change. And, the dollar is no less susceptible to succumbing to the same change. In fact, many nations have been actively turning their back on the dollar over the past decade. While some have had "freedom and democracy" arrive at their shores as a result, many power nations like Russia and China have been relatively unchallenged and are building replacements to the dollar system. Why would nations turn away from the U.S. dollar as global reserve currency? Because the status quo benefits the United States the most. For the majority of people on the planet, they are at a disadvantage. After all, why would nations want to pay for the "privilege" of having to settle international trade in dollars when they can use their own currencies, or monetary metals like gold? Speaking of which, Russia and China announced this week that they are planning to set up a gold trading platform between their two central banks. It's yet another move away from the current dollar dominated system, which follows many other recent big moves away from the greenback, including Russia's oil and gas giant Gazprom agreeing to sell oil to China in renminbi rather than dollars. Even Iran wants to be paid in Euros rather than dollars for its oil. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash-Starved ISIS Offers Incentive Pay For Fighters: $50 Per "Female" Sex Slave Posted: 25 Apr 2016 07:40 PM PDT ISIS appears to be at a bit of a crossroads. As we detailed yesterday, faced with a cash crunch and significant military losses, the organization is becoming quite strained. The group has reached the point where the rank and file are becoming frustrated and have started to defect.
In order to stop the defections, ISIS dug deep in its bag of incentives and decided to employ the carrot and stick method. First we learned of the stick, which is to literally freeze members to death if they're caught trying to defect. As we wrote yesterday
Now, courtesy of the Washington Post, we learn what the carrot is. A wage voucher obtained by the post details out the fact that ISIS is now paying soldiers extra cash for each additional family member. Also, as a sick and twisted added bonus, anyone who has a sex slave gets another $50... USD of course.
The voucher that shows the breakdown is shown below - the article notes that the document was dated within the last six months, and was found along with other documents in Syria and Iraq.
Although the article goes on to caution any predictions about the collapse of ISIS, what's taking place is an indication that the group is in rough shape, and is now turning on its own. We certainly won't make any predictions, but none of this bodes well for the sustainability of the organization - which perhaps even more worryingly leaves ISIS fighters with even less to lose by their actions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Chances of a COMEX Default … GUARANTEED! Posted: 25 Apr 2016 07:22 PM PDT by Bill Holter, JS Mineset, SGTreport.com:
I would not normally write something like this but it seems I had to. Last week, Bob Moriarty of 321 Gold wrote a story with the exact same title and came to this conclusion: “…is zero“. He began his article by saying “So anyone telling you Comex is about to default either doesn't have a clue as to how commodity markets work or they are deliberately lying to you.” He then goes on to say “But the chance of a ‘Gold Derivatives Time Bomb,’ is also zero. There is no such thing. And there is no such thing as a ‘Commercial Signal Failure’ or a 400 ounce gold bar made of tungsten.” Is he serious? When well over 100 pieces of paper “call” on the one underlying real ounce …there is no chance of failure? Is he trying to say the commercials can NEVER ever be wrong and forced to cover because they cannot deliver “promised” but non existent gold? Is he trying to say 400 ounce tungsten bars have not already turned up? I do want to point out, this is the same man who said a derivatives blowup can never happen. I think those at Bear Stearns and Lehman Brothers would beg to differ with him! We already know for a fact, we were only hours away from a total financial meltdown in 2008 were it not for the Fed magically creating $16 trillion. It is clear to me, since the amount of global derivatives far exceed the underlying assets they represent, true “settlement” or “performance” is a foregone impossibility as the “pie” only gets bigger. The only question now is “how big is TOO big”?
Let’s look at the numbers and use a little common sense to see “who doesn’t have a clue or is deliberately lying to you”! Currently in the COMEX gold and silver vaults we see there are roughly 17 tons of gold and 32 million ounces of silver “registered” (available for delivery). This amounts to about $680 million worth of gold and $540 million of silver. A whopping total of $1.2 billion or less than 1/2 day’s interest on the U.S. federal debt. In today’s world of “trillions and quadrillions”, this amounts to pocket change! I put these registered inventories forth so we can have something to use as a base for comparison. Looking at silver, there are now 1 billion ounces represented by 200,000 COMEX contracts of various months. For May alone (which goes first notice day in five days) there are 280 million ounces represented by these paper contracts. By comparison, the world (excluding Chinese and Russian production) produces 700 million per year. So, we have a market with a claimed 32 million ounces that “prices” (for now) a market which produces 700 million ounces per year. This 32 million ounce inventory is the “guarantee” being used or promised to “deliver” on contracts (280 million ounces worth for May and 1 billion ounces in total) whose owners can decide they want delivery. If you look at other “commodity” markets, there are none as egregious as silver. Currently open interest represents 140+% of global production. In other words, the paper market is far larger than the real physical market. Not so in other commodities where the paper markets are typically 10-15% the size of global production. Going one step further with this 32 million ounce inventory, we saw a 10 minute span on Thursday morning where 37.5 million ounces of silver were dumped all at once. The effect of course was nearly a $1 drop in price. This was done as silver looked to be breaking out pricewise to the upside, the massive dump was used to contain price. We saw this again on Friday when over 100 million ounces were dumped in just one hour. In perspective, Thursday’s dump equated to 19 days of total global production…sold in 10 minutes. Taking Thursday and Friday’s “70 minutes” together saw the equivalent of 2 1/2 months of global silver production sold. Again, who actually has this amount of silver and who in their right mind would ever sell it in this fashion to get the absolute worst price possible? …unless they WANTED the worst price possible? Taking a brief look at how inept the registered gold inventory is, Shanghai has been importing 30-40 tons per WEEK for several years now. How many “days” worth of Shanghai imports will COMEX’ 17 tons cover? The above speaks to the woefully small registered inventories claimed by COMEX. From a mathematical standpoint, both silver and gold stocks could be wiped out in just one trade. Bob Moriarty says this does not matter and no default can ever happen because COMEX can settle in paper. I agree with his statement “COMEX can settle in paper” because it appears they have been doing this for years rather than delivering real metal to all of those standing. I do no have smoking gun proof of this but just ask yourself the question, WHO would fully fund their account in order to take delivery, wait until the very last days of the delivery period and then just “go away”? This happens time and time again, I believe it can only be explained by “cash premiums” being offered and paid. If you have another plausible explanation, I would love to hear it but by “plausible” I mean to say it must include real logic a true economic man would follow. Now, is “cash settlement” because there is no gold or silver available to deliver … considered a default? According to Bob Moriarty the answer is “no”. I would simply ask you this, if COMEX can only settle in cash, then what is it exactly that you are trading? Of what value is a contract which cannot perform and deliver the product you are “supposedly” trading? It is for this reason I have said for many years we will end up seeing a two tiered market where there is one price for the paper derivatives of gold and silver …and another (higher) price for the real thing. In fact, we are already seeing the early stages of this with backwardation particularly in London. To finish, until recently we were told that ALL markets were rigged EXCEPT for gold and silver. We were just nutjob conspiracy theorists to think gold and silver markets were rigged. But now we find out we weren’t nuts after Deutsche Bank admitted guilt and paid a fine for rigging the London fixes. The fine by the way was not small potatoes, it was $5 BILLION …(or roughly five times the dollar value of what COMEX claims to be able to deliver)! I assure you Deutsche Bank did not hand over $5 billion out of the goodness of their hearts, nor did they take lightly “pleading guilty” as they will now be sued by the mining industry to the moon and back. Even more curious was their decision to turn state’s evidence? I certainly do not have the particulars but I can observe and connect the dots. The metals markets are acting very differently and the commercials (if COT numbers are to be believed) are extremely short while registered inventories are extremely low. Financial stresses in Western credit markets are again showing quite similar to 2008. Central banks have already fired interest rate/money supply bazookas …while sovereign treasuries far and wide have destroyed their balance sheets. Would it be crazy to believe fear capital will flood into the ONLY MONIES ON THE PLANET that have neither counterparty risk nor are anyone else’s liability? Actually, from a mathematical standpoint, all of this global debt can ONLY be paid back if currencies are debased …which guarantees a flood into gold and silver. Would it be considered a “default” if the U.S. had to print so many dollars that it took 1 million of them to purchase a cup of coffee? In the situation where COMEX inventories get cleaned out, isn’t this the same thing as a bank in the old days “running out of gold”? That was considered default then but Moriarty wants you to believe it is “business as usual” today? Sorry, I don’t think so! This has been a “public” article , should you desire to read all of our work, please follow this link to our subscription page, here. Standing watch, Bill Holter image credit: silverdoctors.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Seymour Hersh: Saudis Paid Pakistan to Hold bin Laden To Prevent U.S. Interrogation Posted: 25 Apr 2016 07:15 PM PDT Submitted by Mike Krieger via Liberty Blitzkrieg blog, In the aftermath of the most signifiant geopolitical event of my lifetime, the attacks of September 11,2001, the U.S. government proceeded to concoct a fairytale for public consumption in order to advance imperial ambitions overseas and a implement a domestic surveillance state at home. This should be obvious to everyone by now. The official 9/11 story has been filled with holes since the very beginning, but a traumatized American public was too gullible and emotionally damaged to see them. Those of us who saw such inconsistencies and pointed them out have been derided as “conspiracy theorists” for years, yet fifteen years later, the biggest “conspiracy theory” in modern American history is rapidly becoming conspiracy fact. At the very least, we now know there was Saudi involvement far beyond just the 15 of 19 hijackers who were Saudi nationals, but that’s still just scratching the surface. Once people come to terms with the fact the tale they’ve been told was completely invented, other obvious questions will have to be asked. Most critically, the question of World Trade Center 7. As I wrote in the recent post, 60 Minutes Explores the Saudi Links to 9/11 Attacks:
Yes, it’s true, and we desperately need to get to the bottom of this.
But I digress. The main thrust of this article is to highlight some new revelations from Pulitzer Prize winning journalist Seymour Hersh. Last May, he published a blockbuster article challenging the entire government story surrounding the death of Osama bin Laden, something I highlighted in the post: U.S. Officials Panic About Seymour Hersh Story; Then Deny His Claims Using Jedi Mind Tricks. Well he’s back, and he recently shared more groundbreaking information in a fascinating interview with AlterNet. Here are some choice excerpts:
Bingo. We don’t know anything, except that the U.S. government has been lying to the public for 15 years.
Now watch his interview with Democracy Now, taped earlier today: And just like that, conspiracy theory once again becomes conspiracy fact. As I tweeted the other day:
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| Gold, Silver & Mining: FORTUNES being Made! Posted: 25 Apr 2016 06:40 PM PDT from VisionVictory: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Doug Casey Warns: "It's The Next Stage Of The Greater Depression..." Posted: 25 Apr 2016 06:25 PM PDT Submitted by Mac Slavo via SHTFPlan.com, While President Obama took credit this weekend for saving the world economy from a global depression and stock markets are hovering around all-time highs, not everyone is convinced that central bank policy and government involvement in financial markets has stabilized the system. Doug Casey, one of the most well respected institutional investors in the world and someone who thrives in environments plagued with volatility and risk, joins Future Money Trends to explain exactly why the world has not avoided a Greater Depression and how things are about to get “very, very bad.” And by very bad he means that centrally manufactured super-bubbles and bubbles are set to wipe out trillions.
Full interview via Future Money Trends: But as centrally manufactured bubbles burst in one sector of the economy, says Casey, capital will flow en masse to other sectors as investors panic. First to safe haven assets like gold, and then to to broader commodities which have been left for dead since the start of the decade:
And the excess money is going to flow rapidly. As Casey notes, while there may be panic selling in some parts of the economy, there will be panic buying elsewhere:
As you might expect, Casey’s focus is on the assets no one else has been interested in during the run up in broader stock markets. And like the Chinese government he’s been acquiring major stakes in commodity producers, including one particular gold mining company:
On America’s political future, Casey, a self avowed anarchist and anti-establishment proponent, says he supports Trump because he’s the only one in the field who is not a professional politician and perhaps the only one who can change the system as it exists today for the better:
But the legendary International Man isn’t just putting all his eggs in one basket in the hopes of a Trump victory or some sort of magical solution to the problems the United States faces. Casey says you need to diversify in these times of uncertainty, and not just with your financial portfolio:
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| Gold Price Closed at $1238.90 up $10.20 or 0.83% Posted: 25 Apr 2016 05:39 PM PDT
Listen up! Go rent & watch the movie, "The Big Short." Don't wait, do it tonight. Naïve folks miss the point who watch it and say, "Why did so few people catch on that real estate and mortgages were in a bubble?" . Looking at that parabolic price graph for real estate, plenty of people caught on. Why didn't Wall Street catch on? Because they were making so much money. They could see, but they willed not to see. Go watch the movie. First three days of this week will fester under the loathsome toadstool cloud of a Fed meeting and a Bank of Japan meeting in the same week. That will squelch markets, & make their intentions & direction opaque. Yea, Buddy, we need those stabilizing central banks! A country without a central bank is like a cockroach without a tuxedo. Stocks hiccupped, nose underwater all day long. Dow ended 26.51 (0.15%) lower at 17,977.24. S&P500 coughed up 3.79 (0.18%) to fall to 2,087.79. What can Mrs. Toad, Janet, croak from beneath her toadstool that can fix a brokenstock market? It is laboring, struggling, drying up. She will mumble about maybe raising interest rates & croak out more double talk from both sides of her wide mouth, but the Fed is too scared to do anything drastic, like raising rates.. US dollar index spoke out of both sides of its mouth today, too. Backed off a big 28 basis points (0.28%) to 94.81. Remains above the 20 DMA (94.55) so remains positive, but take-off to a rally is like watching an airplane kids made out of a stuffed camel & cedar boards struggling to lift off the runway. Interest rates (proxied by the 10 year US treasury note yield) have risen to their highest point since March, and the highest in April. Rose 0.74% to 1.902% today, but that's a long ways from any meaningful hurdle, although it is above the 50 & 20 day moving averages. 200 DMA stands at 2.073 and the downtrend line from 2007 is at 2.25. http://schrts.co/vUJO4G Gold bounced back today, up $10.20 (0.83%) from Friday's Comex close to $1,238.90. Silver edged up 10.9¢ (0.64%) to 1700.5¢. None of this scratches y'all's itch or mine. Little old one day bounce within a trading range answers no questions, raises no presumptions, and whoever acts on it does so at his own risk. Looking at this chart, http://schrts.co/pI1ZgR it is plain that until gold conquers $1,287.80, the March high, you can't say it is rallying again. Likewise, it can fall as low as $1,218 without breaking the lower boundary of its 2-1/2 month range. Proverb says that bull markets try to shake of as many riders as possible. They do that with terror. What would terrorize gold investors? A drop to $1,192, the heel of the trading range, a smidge greater than a 38.2% correction. Gold may be lining up to do just that, since it closed today smack on its intertwined 20 & 50 DMAs. However, gold won't spend more than one or two weeks in this correction, so that implies it will be shallow. If it offers you any dips, better hop on and buy fast. Silver's chart, http://schrts.co/CqZ2b5 , is overbought on its indicators, and ripe for a correction. The bunched trading of the last five days, coming atop a strong advance in April with a pause in the middle to tap through that upper range boundary, also looks toppy. But whatever correction silver sees doesn't promise much. Might reach 1660¢, or in a terror 1591¢. Both silver & gold remain steadfastly, stubbornly strong, adding yet another assurance to the conclusion they bottomed in December 2015. I find myself in need of asking another favor from y'all. I am going to undergo surgery on 6 May for a hammertoe. Yes, I know, laugh because it sounds ridiculous, but it hurts seriously. I would very much appreciate y'all's prayers for a successful surgery and healing. Thanks in advance. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2016, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Target is $3,000 and Silver is $75 per Ounce Posted: 25 Apr 2016 05:06 PM PDT Gold Stock Bull | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold and Silver Price Targets of $3,000 and $75 per Ounce Posted: 25 Apr 2016 03:06 PM PDT Gold Stock Bull | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Target is $3,000 and Silver is $75 per Ounce Posted: 25 Apr 2016 02:10 PM PDT Precious metals have posted their best quarter in nearly 30 years and mining stocks are soaring from oversold multi-year lows. Those that were willing to buy when everyone else was selling have been handsomely rewarded in 2016. But we believe the gains are just getting started. After such a huge move to start the year, many have been anticipating a sharp pullback for gold and silver on profit taking. This would make sense, especially considering the record short positions by commercial traders. Plus, nothing goes straight up, not even deeply oversold assets awakening from a 4-year correction. It is almost always a roller coaster ride. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| This compilation of black beam events truly is stranger than fiction... Posted: 25 Apr 2016 02:00 PM PDT This compilation of black beam events truly is stranger than fiction... 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The New Monetary Accord No One’s Talking About Posted: 25 Apr 2016 01:54 PM PDT This post The New Monetary Accord No One's Talking About appeared first on Daily Reckoning. The currency wars started in 2010 with the weak Chinese yuan. Barely a week went by without Treasury Secretary Tim Geithner complaining about Chinese currency manipulation and the weak yuan. By 2011, China was doing better and the U.S. was stuck in a rut of low growth coming out of the 2008–2009 recession. This necessitated a weak dollar to give the U.S. economy a lift in the form of higher exports, more jobs in the export sector and more inflation due to higher import prices. That's the basic currency wars formula — lower export prices to create jobs and higher import prices to get inflation. Currency wars involve devaluation of your currency as a form of monetary ease. Devaluation is what you do when you can't get growth any other way. The problem is that not everyone can devalue against everyone else at the same time. It's a mathematical impossibility. So you have to take turns. It was China's turn in 2010 and the U.S.'s turn in 2011. The dollar hit an all-time low in August 2011. Right on cue, real U.S. GDP grew 4.6% in the fourth quarter of 2011 — the highest quarterly growth rate since the end of the recession in 2009. This was good news for the U.S., but another one of the five families was suffering — Japan. Japan needed help desperately, and set out to get it by continuing the currency wars. In December 2012, Prime Minister Shinzo Abe announced an economic program to revive Japanese growth. This was called "Abenomics," and it had three "arrows," which were monetary policy, structural reform and fiscal policy. Monetary policy was explicitly intended to cause a weak yen. This worked. The yen rapidly fell from 90 to 124 to the dollar. This gave the Japanese economy a lift in 2013, just as the cheap dollar gave the U.S. a lift in 2011. While China, the U.S. and Japan had taken turns with a cheap currency from 2010–2013, Europe was suffering with a strong euro. This was the period of the recurring Greek sovereign debt crises. Europe also had two recessions along the way. By 2014, it was time for the cheap euro. This was accomplished in two stages. In June 2014, Mario Draghi and the ECB moved to negative interest rates. Then in January 2015, Draghi introduced "euro QE" which was an expanded form of money printing. The euro promptly fell to an interim low of $1.05 in January 2015, and has fallen close to that level several times since. As was the case with the other devaluations, the European economy got some relief. We stopped hearing about the Greek crisis after the summer of 2015. This history shows that the currency wars from 2010–2015 proceeded in an orderly way. Each one of the five families got some economic benefit (China in 2010, the U.S. in 2011, Japan in 2013 and Europe in 2015). Although the currency wars were ongoing, they were being managed successfully by the five families. This is how the Mafia operates when there's peace; everyone gets along with everyone else, even with an undertone of mutual distrust. But in the summer of 2015, a new war broke out among the five families. China went rogue and tried to cheapen its currency without consulting the others in advance. On Aug. 11, 2015, China launched a shock 3% devaluation of the yuan in one day. We all know what happened next. U.S. stock markets plunged. By late August, stock investors were staring into an abyss. The Federal Reserve immediately backed off its plan to hike rates (so-called "liftoff") in September. The rate hike was put on hold, and a relief rally in U.S. stocks began. The same thing happened from December 2015 to January 2016. This time, the Fed went ahead with the liftoff by hiking U.S. interest rates 0.25% on Dec. 16, 2015. China used the Fed's rate hike as air cover to cheapen the yuan again. This time, they did it not on a shock basis but on a stealth basis. China moved the yuan lower in small steps day after day. Markets were not fooled. Market participants could see yuan was going down and immediately discounted further devaluation.
Once again, U.S. stock markets crashed in response to a Chinese devaluation. From Jan. 1, 2016 to Feb. 11, 2016, U.S. stocks had their worst start to any year in history. And entered full-blown technical correction territory, close to a technical bear market. The Fed rode to the rescue again. Officials such as New York Fed President William Dudley gave a series of dovish speeches, and the Fed took a March interest rate hike off the table. Once again, U.S. stocks began a relief rally. From mid-February to mid-April, the damage of the January meltdown was undone and stocks recovered, thanks to the Fed. But the game was getting dangerous. How many times could the Fed bail out the stock market? How long would the Chinese play with fire by devaluing the yuan? In fact, China needed a cheaper yuan. The Chinese economy is the second largest in the world. It's coming in for a hard landing. Years of wasted investment, asset bubbles, debt accumulation and corruption were coming home to roost. The Chinese yuan had been getting stronger since 2011 as the U.S., Japan and Europe took turns cheapening their currencies. It was China's turn for a weak yuan. Enter the Secret "Shanghai Accord"… This was the state of play as the heads of the five families gathered in Shanghai, China, on Feb. 26 of this year. Technically, this was a G-20 meeting of finance ministers and central bank officials. But formal G-20 and IMF meetings are used to conduct informal private meetings on the sidelines. The G-20 meeting in Shanghai was the perfect cover for a "sit-down" of the five families, led by the boss of bosses — Christine Lagarde. The U.S., China, Japan, Europe and IMF all agreed that China needed some relief. The world's second-largest economy cannot go down without taking most of the world with it. For that matter, the U.S. was weakening also. Real GDP growth in the fourth quarter of 2015 was an anemic 1.4%. The estimate for the first quarter of 2016 from the Federal Reserve Bank of Atlanta is 0.3%, close to recession levels. Not only are both quarters extremely weak, but the trend is downward. The U.S. looks like it is heading into a recession. Even if a technical recession is avoided, this weak growth in the world's largest economy has ripple effects that will drag down the global economy. With China and the U.S. both weakening, it was time for another change in the currency wars. The problem was how to weaken the Chinese currency without crashing global stock markets. Lagarde did not want a repetition of what had happened in August 2015 and January 2016. The purpose of the sit-down in Shanghai was to come up with a plan to give China relief without causing a global panic. The "GDPNow" real-time forecast from the Federal Reserve Bank of Atlanta shows U.S. growth in the first quarter of 2016 at 0.3%, very close to recession levels. Traders were obsessively focused on the yuan/dollar cross rate (the ticker symbol for this is CNY/USD). If CNY/USD could somehow be left undisturbed, markets might not notice immediately what was being done. The solution was to take action in the U.S., Europe and Japan while China did nothing. This was the heart of the Shanghai Accord. Europe and Japan would both tighten policy and strengthen their currencies. The U.S. would ease policy and weaken the dollar. China would maintain their dollar peg so CNY/USD would be unchanged. A stronger euro and yen is the same thing as a weaker yuan, from China's perspective. China has a larger combined trading relationship with Europe and Japan than it does with the U.S. Relief for China from a strong euro and strong yen is significant. At the same time, a weaker dollar means a weaker yuan if the peg is maintained. China is just "along for the ride" as the Fed trashed the dollar. That's the essence of the Shanghai Accord. China does nothing but gets a major devaluation in the currency wars, and no one notices because CNY/USD is steady. Voilà . Regards, Jim Rickards P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post The New Monetary Accord No One's Talking About appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Full Speech: Donald Trump Holds Rally in Warwick, RI (4-25-16) Posted: 25 Apr 2016 12:30 PM PDT Monday, April 25, 2016: Full replay of the Donald Trump for President Rally in Warwick, RI at the Crowne Plaza Hotel. Full Speech: Donald Trump Holds Rally in Warwick, RI (4-25-16) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 25 Apr 2016 12:23 PM PDT This post The Lemmings of Wall Street appeared first on Daily Reckoning. I mistakenly took Squawk Box off mute this morning. It was just in time to hear one of the regular anchors—–the one who makes Joe Kernen sound slightly insightful by comparison——forecast a pick-up in global growth on the grounds that "China is recovering". Yes, the credit intoxicated land of the Red Ponzi just tied one on for the record books. During Q1 it generated new debt at a madcap annual rate of $4 trillion or nearly 40% of GDP. And that incendiary deposit of more unpayable debt, which came on top of the $30 trillion already smothering history's greatest construction site and open air gambling den, did indeed goose China's real estate prices, state company CapEx, infrastructure building and steel production. Call it fiat growth because even pyramid building adds to stated GDP, at first. Even then, the overwhelming share of this explosion of new credit went to pay interest on the existing mountain of IOUs. Charles Ponzi could never have imagined a scam so audacious. Nor are the red suzerains of Beijing unique in the headlong dash toward the financial cliff. Except for the nicety that Japan's 30-year and 40-year bonds are trading at a microscopic fraction this side of zero (0.3%), Kuroda and his tiny band of mad men at the BOJ have driven the entirety of Japan's monumental public debt——which is now actually measured in the quadrillions of yen—–into the netherworld of negative yield. Needless to say, the visage of an old age colony being hurtled toward the edge of a debt cliff by central bankers who have taken leave of their faculties does not bring the idea of economic recovery and growth immediately to mind. The same can be said for the ECB's $90 billion per month bond buying bacchanalia. Having made German bunds so scarce as to have eviscerated any semblance of yield and turned Italy's sovereign junk into super-bluechips, the ECB will soon be slurping up the corporate bonds of any global company that can fog a BBB credit breathalyzer and plant an SPV within the borders of the EU-19. What happens when Draghi is finally stopped and the Big Fat Bid of the ECB and its fast money front-runners disappears? The hopeful CNBC anchor-lady didn't say. And about what happens if he isn't stopped, she didn't say, either. The fact is, Simple Janet has already proven the end game. Money printing central bankers can't stop. Were they to allow financial prices to normalize and trillions of bad credit to be liquidated, the whole financial house of cards they have built around the planet would blow sky high. The "soft landing" case is a null set. The FOMC's expected stand pat posture at next week's Fed meeting is just another proof. It was actually 36 months ago that Bernanke triggered the first taper-tantrum when he mused out loud about normalizing interest rates. In the span of time since and as of month 82 of this so-called business expansion, they have come up with exactly 25 bips off the zero bound. That is, the Eccles Building is petrified and sliding by the seat of its collective pants from one week to the next. Stated differently, if someone among the 100 or so central bankers and apparatchiks who rule the financial world knew how to "normalize" and had the will to try, it would have been evident long ago. What they have done, instead, is simply to soldier on toward the financial cliff ahead, thereby absolutely disabling and falsifying the pricing mechanism throughout the global financial system. The consequence of that is real simple. Every week that this bogus regime of ZIRP, NIRP and massive monetization of existing debt with fiat credits conjured from thin air continues, then more and more speculative excess is being built-up throughout the world financial system. It is becoming a minefield of ticking financial bombs. And that's because massive central bank intrusion in financial markets causes everything to be mispriced. Everything! The stunning irrationality extant in the junk bond market, for example, is usually glossed over with a reference to the quest for yield. But this isn't some kind of clinical phenomena—a passing phase of the credit cycle which will somehow correct itself. To the contrary. For example, this week underwriters sold $16.5 billion of Argentine sovereign debt from an order book that was over-subscribed to the tune of roughly $50 billion; and priced it at a yield (7%) once reserved for German bunds. Yet has the world's greatest deadbeat nation and serial defaulter suddenly, magically rehabilitated itself, and even before its last financial scofflaw regime was even properly buried? If there was ever a perfect image of lemmings swarming toward the ocean cliffs, it was the bond managers who lined up for Argentine bonds last week. Indeed, the same can be said for the mutual fund PMs and homegamers who have piled back into the junk bond market during the last eight weeks. They were being shown the road back to safety by the early 2016 collapse, but on the hint of an interim bottom they resumed there insensible march to the sea. To wit, in just the blink of a trading eye, the BB spread came in from 580 basis points, which is not nearly enough to compensate for the massive losses ahead, to just to 375 basis points, which amounts to eyes-wide-shut speculation.
The same can be said for most other sectors, and especially the stock market. You can't capitalize a "hard landing" at 24.2X corporate earnings——that is, inflated profits which are already sinking fast. What you can expect sooner or later is a re-visitation of the post-crisis lows. What underlies the market's current fantastic over-valuation besides sheer central bank enabled speculation, therefore, is the seemingly pragmatic notion that this is all just a slow-slog and that with enough time and patience—-and allowing for the "extraordinary" hangover of damage from the Great Financial Crisis—–economies will recover, financial systems will heal and the world will get back into its old groove. That's more or less what anchor-lady was conjuring this morning. It's not going to happen. In fact, the "old groove" was part and parcel of the hard landing ahead. There never was an honest and sustainable global boom during the last 25 years when Wall Street peddled the myth of the BRICs miracle and the notion that a flat earth and new world economic order were teeming with capitalist exuberance and breakaway eruptions of prosperity. What there was, instead, was a stupendous expansion of financial credit that generated a temporarily virtuous cycle of household borrowing and consumption in the DM and an unprecedented tidal wave of borrowing and investing in the EM. They were symbiotic; the one triggered and reinforced the other.
The world is now $185 trillion of debt downstream from the mid-1990s starting point. The $50 trillion of incremental GDP booked during that fantastic eruption of debt was far more borrowed than earned. That is, it was stolen from the future by means of the age old expedient of hocking tomorrow's income for cash today. Alas, the future is arriving because global growth is grinding to a halt. Now comes the payback time, but don't tell Wall Street's lemmings. They have almost reached the cliff. Regards, David Stockman P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post The Lemmings of Wall Street appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| FBI has Backdoor to American's Phones -- John McAfee Posted: 25 Apr 2016 11:39 AM PDT McAfee: If FBI gets backdoor to people's phones, US society will collapse They said that the war never changes – but what if it does? The introduction of digital technologies, the cyberspace of the World Wide Web has introduced new battlefields. How far will this fight go? Who has the... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Marshal Law Drill Across America Posted: 25 Apr 2016 10:15 AM PDT Reptilian socialist fascist liberal democrat jesuits are going door to door confiscating storable food, gold, and guns!! I am under the understanding that JPMORGAN and the others are told they can't have a bailout. They are bankruped.Which I believe that they were prepared for. There next... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| It’s Waayyy Too Early to Take Profits on Gold & Silver Posted: 25 Apr 2016 09:31 AM PDT It was no fun investing in precious metals for most of 2011-2015, but the past few months have sure been a blast for buy-and-hold investors. Silver prices are 22.5% year to date, and gold isn’t far behind. Now that there are some profits available to take, some metals investors wonder if they should grab them. The answer for most people is not yet -- not even close. Yes, there are gains. But the real question for investors isn’t whether or not there are profits, it’s whether there are better options for their investment dollars. What other assets have a better risk/reward profile? Cash? Stocks? Bonds? No thank you! | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Next Global Economic Collapse Has Already Begun Posted: 25 Apr 2016 09:19 AM PDT Governments, legal law and banks are one in the same. It is the finance sector as a whole. They have known for a long time that a fiat and fractional banking would collapse. When it does people will be turning to the government to demand them to act on a legal basis on human beings with the force... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Busy Week Ahead for Central Bank Meetings Posted: 25 Apr 2016 08:34 AM PDT This post Busy Week Ahead for Central Bank Meetings appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day. And a Marvelous Monday to you! Well, I don’t have any contact with the markets at this point, but I do know that this will be a very busy week, with economic data, Central Bank meetings, and Corporate Earnings here in the U.S. The Fed will meet on Tuesday and Wednesday this week, and there’s very little chance that the Fed would opt to hike rates at this meeting, and in fact, I doubt that we hear very little about what their thoughts are at this time, given the fact that there will be no Press Conference following the meeting. Two days are needed to tell us that they are keeping rates unchanged? Oh well. Get the board games out, it’s a two-dayer. Other Big Highlights of the coming week, include oil inventory from the American Petroleum Institute tomorrow afternoon, and then a report from the Energy Dept. on Wednesday morning, as there is so much attention paid to the price of oil these days, as a sign of good or bad. On Thursday, the Bank of Japan (BOJ) and the Reserve Bank of New Zealand (RBNZ) meet to discuss rates in their respective countries. The Japanese yen has really lost some ground since early last week, and a lot of that lost ground come from the whispers in the wind, that the BOJ will be looking to cut rates even deeper into negative territory. The RBNZ is not expected to cut rates at this meeting, as they attempt to see what last month’s rate cut has brought them. I find this BOJ meeting to be the most interesting one of the week, in that are they going to defy the IMF and the Shanghai Accord that told them to stop deliberately weakening the yen, and cut rates further which would do exactly that? Weaken the yen. There was some very good news that came out of Australia overnight. The interest in trading iron ore is taking off, and that’s a good sign that 1. China is doing the ordering, and 2. The Aussie economy will grow. As a percentage of open interest, trading volume in iron ore futures hit a record 621.5% last week! That’s fifteen times the long-term average! Iron ore accounts for about 20% of the value of Australia’s exports, so when iron ore rallies it is considered manna from heaven for the Australian economy. It’s ANZAC Day in Australia and New Zealand today, so they are on holiday. Happy ANZAC Day to my friends in Australia and New Zealand! And with the Chinese demand, one has to believe that all the liquidity injections that the China has been making ($945 billion total) if being directed to construction, and, that has to mean that the domestic demand for space is rising, and that’s a very good sing for the Chinese economy, that has been in slowdown mode for a long time now. The other thing that’s taken from the 621.5% open interest is that there has to be a lot of speculation in that number. And well, speculators can drive markets when they put their collective minds to it! The April Business Climate report for Germany as measured by the Think Tank IFO, came in lower than expected 106.6, down by 0.1 points from the previous month. Last week we saw the Flash PMI’s for the Eurozone and they had ticked upward, so I guess a 0.1 point downward tick isn’t that bad. I would have thought that with the Flash PMI’s gaining ground, that the IFO would be better than this. Maybe in Germany, they are like we are in Missouri, we need to be shown that this is for real. The euro is stronger this morning, but last week was not kind to the single unit, so it has some work cut out for it to do! Gold got whacked on Friday, and lost $15.80 on the day, with most of that $15.80 loss coming in 5 minutes of trading. That’s right, that’s what I said. Now, why can’t people see this and do something about it? Because they don’t want to, that’s why. So, gold is up $4 this morning, but what an awful day on Friday, and silver lost the $17 handle that it had gained earlier in the week and proudly had it on display until the road wreck that caused gold to drop $15. The U.S. Data Cupboard will leave us wanting today, but tomorrow it kicks into gear with March Durable Goods Orders, which will most likely print another negative result. This is one of those “real economic data prints” that I talk about, and it sure doesn’t paint a pretty picture of the U.S. economy. And I think the Fed members are beginning to see that, as there hasn’t been much talk about a rate hike in April lately has there? And there won’t be. It will be interesting to see what becomes of the talk after this week’s Fed meeting. Will the rate hike campers come out of the wall boards and start talking about a rate hike in June again? Or will it all be quiet on the Western Front? I see that the IMM Positions reports shows that the Commitment of Traders (COT) has turned bearish on the dollar. This is a very good indicator of what I’ve been saying and that is that the dollar’s strong trend is coming to an end. I wanted this to be a Public Service Announcement, and then I see that my guitar playing, investment guru friend, Steve Sjuggerud decided to do this too. So, I’ll let him tell you about it, for he is a wordsmith, and I’m just a country boy in the big city. In short, if you get a phone call out of the blue, supposedly from the IRS, hang up. It’s most likely a scam. IRS commissioner John Koskinen says:
So, there you go! I hope this helps someone! This is on the public side of the Bloomberg so you can see this entire article here, or here’s your snippet:
Chuck again. I’ve warned people for over a year now that the financialization of the oil business was going to come up Front and Center soon enough, and be a BIG problem for the economy. Well, here we go… That’s it for today. I hope you have a marvelous Monday and be good to yourself! Regards, Chuck Butler P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post Busy Week Ahead for Central Bank Meetings appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dajjal Pakistan, India & Israel in WW3 | Sheikh Imran Hosein Posted: 25 Apr 2016 07:29 AM PDT Sheikh Imran Nazar Hosein is an Islamic scholar, author and philosopher specializing in Islamic eschatology, world politics, economics, and modern socio-economic/political issues. He is the author of Jerusalem in the Qur'an. Wikipedia The Financial Armageddon Economic Collapse Blog... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Money When the SHTF After the Collapse? Posted: 25 Apr 2016 07:03 AM PDT It is critically important for preppers to engage with barter and to network with the the growing underground economy. This is how you will survive the dollar crisis and the on-going economic collapse for years to come. Here is what you need to be accumulating this NOW. The Financial... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interesting Silver Debate: Do Old Indicators Matter Or Is Physical About To Overrun Paper? Posted: 25 Apr 2016 01:01 AM PDT For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts — have set the price of those metals. And within the paper markets, “the commercials” — fabricators and big banks — have time-and-gain fooled speculators like hedge funds into piling in (both long and short) at exactly the wrong time. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| LiTHIUM X Is Not Alone—Profiling This Marketplace Darling and Others in the Sweet Spot Posted: 25 Apr 2016 01:00 AM PDT After several years of bear markets for miners, many mining equities have lept upward in the last few months. LiTHIUM X Energy ranks among the leaders of the pack, up many-fold. Barry Allan, vice chair of mining at Mackie Research, and Research Analyst Ryan Hanley put out a report in March for the PDAC convention, highlighting a number of promising mining companies. In this interview with The Gold Report, Allan and Hanley profile a handful of those companies, including LiTHIUM X. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Breaking News And Best Of The Web — April 26 Posted: 24 Apr 2016 06:19 PM PDT All eyes are on Apple, which might report NEGATIVE iPhone sales growth on Tuesday. China’s debt is even bigger than originally feared. Gold and silver COTs are extremely negative — or they don’t matter any more. Negative interest rates cause more trouble. Greece, believe it or not, is back in the news. The battle between […] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| From Dollar Daze to Dollar Days Posted: 24 Apr 2016 05:00 PM PDT It's dollar days for the market, yet nothing is really on sale. The only thing that looks remotely cheap is the cost to insure one's portfolio against downside risk. The CBOE Volatility Index is the tell there. It slumped as low as 12.50 in... | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold and Silver Management of Perceptions Posted: 24 Apr 2016 09:39 AM PDT Gold took a $20 hit after the European close today, moving down from 1250 to 1230. And the theme of the day seemed to be 'buy paper, don't worry' with the pushing of the SP 500 futures, even though techs kept threatening to roll over here on weak to bad earnings reports. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Miners Nub is the Sweat of the Sun Posted: 24 Apr 2016 09:29 AM PDT Gold miners, because the number of discoveries was falling and existing deposits were being quickly depleted, have had to diversify away from the traditional geo-politically safe gold producing countries, ie Canada, the U.S. and Mexico. The move out of these “safe haven” countries has exposed investors to a lot of additional risk. In many parts of the world capitalist hating Marxist governments are becoming greedy. Many countries might come to mind as places where shareholders could, without warning, receive news that their operations have been taken over, expropriated, by the government and/or its friends, or that permits are suddenly suffering delays or have been cancelled outright. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 24 Apr 2016 09:20 AM PDT Is the US Dollar in a new bull market or is it about to crash? Opinions seem divided on this issue and mine is a mixture of both depending which time frame is used. Let's begin the analysis with the short term outlook followed by some big picture analysis. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 24 Apr 2016 06:00 AM PDT Doug Casey names the next Warren Buffet. Jim Deeds on the “next great gold rush.” Harry Dent on the coming 70% stock market plunge. Jim Rickards on the new case for gold. Mike Maloney on Deutsche Bank’s gold rigging scheme and what a flattening yield curve means for the markets. Rick Rule on how to […] |
In the aftermath of the most signifiant geopolitical event of my lifetime, the attacks of September 11,2001, the U.S. government proceeded to concoct a fairytale for public consumption in order to advance imperial ambitions overseas and a implement a domestic surveillance state at home. This should be obvious to everyone by now.
For centuries, global reserve currencies have proven to have a shelf life of around 80 years.
The Chances of a COMEX Default … IS GUARANTEED in my opinion!
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