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Wednesday, April 27, 2016

Gold World News Flash

Gold World News Flash


Crude oil jumps on weak dollar, strong investor appetite

Posted: 27 Apr 2016 12:19 AM PDT

The Hindu Business Line

Keith Neumeyer: Silver, More Rare Than the Market Understands - The Daily Coin

Posted: 26 Apr 2016 11:30 PM PDT

Sprott Money

Jim Willie: Long Awaited Gold Breakout!

Posted: 26 Apr 2016 09:25 PM PDT

The desperation is obvious, palpable, incredible, fascinating, and unmistakable. History is being made, as the last ditch is overrun.

by Jim Willie, GoldenJackass via Silver Doctors:

For the last year or more, not an elephant, not a gorilla, but a dragon has been found at the dinner table. Its breath has just made everybody at the table totally bald with some scorched red faces. Now all are looking at each other, wondering who will first mention the bald guys at the table. The Shanghai levers are finally functioning, starting with the Gold Fix and continuing with the RMB-based gold futures contract (which delivers gold metal oddly). The game is finally on, as in the climax chapter to the End Game.

Paper gold is totally disconnected from fundamentals. The paper charade is as impressive as it is corrupt. Its enemy is physical gold and related demand. Silk Road nations have strong gold demand, which will disrupt the entire geopolitical balance of power, extending from trade and non-USDollar platforms. The West has the corner on toilet paper used in the gold market. The United States has the corner on the USDollar, used in fraud and illicit tolls.

PAPER GOLD FRAUD

Paper Gold is a term used to describe the actively traded futures contracts which determine the gold price. Owning such paper instruments is not the same as owning physical gold bullion, since corruption defrauds the investor and interrupts the claim. Most investors remain largely unaware of how disconnected the paper markets (COMEX in United States & LBMA in England) are from reality. The entire concept of contractual (paper) price discovery has been corrupted beyond all recognition. The activity in the last couple years has raised great alarm due to the rapid pace of divergence between paper gold prices and the tangible world fundamentals within the gold arena.

 

The claims of paper contracts per ounce versus actual gold has run to almost 300-to-1 in recent months. It was considered outrageous two years ago when at only 25-to-1 or 40-to-1 in ratio. Imagine the lunacy of even five to six people claiming ownership to your car or house, or better yet your summer cottage by the lake. The dominance of paper gold pricing mechanisms has resulted in profound shortages in supply, as well as horrendous conditions for mining firms. They have been forced to shut down marginal mines, since not profitable. Only a rare few among mining firms like Majestic Silver has undertaken to deny supply to the COMEX, and to call a partial strike against the criminal COMEX organization. Absolutely no equilibrium exists in the gold market, as demand outstrips supply, which quickly vanishes. The shortages have made history in recent months and years.

willie

Paper Gold on COMEX and LBMA is a crime scene. It is toilet paper with gilded surfaces, better described as elaborate corrupt contracts with a few gilded letters at the top. Trading gold futures, which are essentially delivery contracts, must entail some degree of abstract financialization. If someone is merely trading a gold contract in order to arbitrage, then it would be costly, time consuming, and ultimately pointless to shift physical gold around. It is only the paper gold contracts that trade hands, not the physical metal on ramps. The banker cartel relies upon this hardship of movement to create the corrupt scheme. People do not wish to carry 80 silver coins in their pockets or a kilogram of gold in a suitcase, so instead they use certificates which become instantly corrupted. The necessary evil has grown far beyond its intended proportions, a practice refined and led mainly by the big banks.

Currently, the number of contracts on the COMEX represents 300 times as much paper gold as there is physical metal in the COMEX vaults. Moreover, this number has ballooned at a faster pace over the past two years or so. The 300:1 ratio of contracts to physical ounces is propped by powerful restrictions. The COMEX forbids delivery of gold on the ramps to satisfy a gold contract, under threat of banning the party from participation and entry in the door. Almost nobody takes actual delivery of their metal, except for the big Wall Street banks which steal gold from other depositors. These banks also routinely rig the windows to enable removal of investor gold in the GLD Exchange Traded Fund, and silver from the similar SLV fund. Imagine a gold futures contract with no delivery possible. How absurd! But it has been the reality since June 2012.

The situation is perhaps even more frightening in the London Bullion Market Assn (LBMA). This market sees $trillions worth of gold trades every day. The activity is truly baffling.On individual trading days, more gold changes hands within contract trading (paper shuffling) across the London market than all the available gold in the world. Yet no metal moves anywhere, in a grand charade. These are merely paper transactions, with almost no actual metal ever in movement. The staggering leverage and dilution should not make any sense to the rational observer. However, in sharp contrast, the Eastern nations are accumulating gold in large volume.

GOLD & SILVER PRICE REVERSALS

The gold reaction to the Shanghai market development has been muted. But a powerful reversal is in progress, which should be impossible to halt or to obstruct. An unsual pattern shows itself in an upward bias Cup & Handle toward a reversal, where the $1300 level is well defended.

The signals are many on the positive side. The reversal pattern is powerful and unmistakable. The upward tilt is unusual and potent, as a very bullish signal indeed. An explosive violent rise could occur soon. It might not be noticed well by some analysts. The moving average crossover for the 20-week MA above the 50-week MA is a very reliable signal, confirmed by the stochastics cyclical index. Gold is stodgy but it will prevail and complete the upside breakout. The banker cabal will throw a lot of paper at it, but the paper will be burned and converted to metal by force. These are exciting times. The world is on the verge of witnessing the fall of the banker cabal and the removal of the King Dollar as global reserve currency. The battle is as fierce as the dollar is toxic. See the gold weekly chart where the breakout seems imminent.

willie2

The daily gold chart shows a rather tepid response to the April 19th event, where Shanghai launched the Gold Fix and began the gold-delivered futures contract priced in RMB terms. The battle is on to defend the $1280-1300 level. Pressure builds to break out above that level. It will happen soon, but impossible to tell when. It depends on how much more worthless contract paper the banker cabal chooses to stuff in the COMEX toilets, how much more corruption they wish to be exposed for, how much more desperation they will display on a very well observed global stage. The Chinese to be sure are very angry at continued paper stuffing of the golden ballot boxes where votes are placed on the price discovery process! Notice the absent gold rally in the last several days of trading, with no breakout evident in the daily chart.

willie3

Silver leads the precious metals breakout in impressive fashion. The Cup & Handle pattern indicates an 18 target to be reached very quickly. Both following charts exhibit a constructed launching pad for an assault on the $20 level. Suspicion has arisen that China is acquiring silver in an industrial stockpile, possibly for monetary purposes also. A bigger controversy has emerged, whereby JPMorgan might be the hired agent by China to secure vast amounts of silver bullion. The USGovt appears to have reneged on yet another lease contract with the Middle Kingdom. The US has confirmed once more itself to be the exceptionally corrupt nation. See the weekly chart for silver, where the breakout is as clear as one's reflection off a shiny silver surface. It is consolidating at the $17 price level.

willie4

A different pattern is shown on the daily silver chart, one that rhymes with the breakout in the weekly silver chart. Notice the surge in volume to exit the range established since February. The target for the daily chart breakout is also indicated around the $18 level. This chart and the chart above resemble a launching pad of a different look where a tilted range no longer held the price movement.

willie5

SILVER SURFER

willie6

Beware the silver surge in impressive moves upward. The silver price has surged over 10% in the last two or three weeks to over $17 per ounce, where consolidation occurs. The Silver Surfer is on the move, making his presence known. The Sprott Silver fund will add $75 million to silver drainage. Gold fights the geopolitical banker battles, but silver rides through the gate on a swift white horse. Silver has surged in recent weeks. Its impressive move of nearly 80 cents on April 19th was duly noted, an echo from the Shanghai gongs. Silver easily surpassed technical resistance at $16.20/oz. The next big test is resistance at $18 per ounce. The brief peaks in early 2015 will not stop the Silver march upward. No significant activity was seen at either minor peak event, a requirement for resistance to be exerted. The Silver Surfer is ready to capture the earth's attention again.

Read More @ Silverdoctors.com

Aussie Dollar Plunges As Inflation Slumps To Record Low

Posted: 26 Apr 2016 08:53 PM PDT

Despite surging commodity prices in China - which must be real and represent demand growth and price increases, right? - Aussie core inflation slowed to the weakest on record as headline prices unexpectedly fell last quarter (CPI -0.2%). RBA Rate-cut odds tripled instantly sending AUD down over 1.2% (its biggest drop in 2 months). Perhaps, just perhaps, that collossal credit injection in Q1 via China did not make it into the AsiaPac economy after all and merely fueled a speculative frenzy in commodities that merely "looks" like a recovery?

The Reserve Bank of Australia looks at two core inflation measures -- trimmed mean and weighted median -- and Wednesday's report showed:

  • Trimmed mean CPI rose 0.2% QoQ vs. median forecast of 0.5%
  • Weighted median CPI gained 0.1% QoQ vs. median forecast of 0.5%
  • CPI fell 0.2%, first decline since final quarter of 2008 vs. median forecast 0.2% rise

This does not look like a recovering Chinese economy is helping...

 

Which drove traders to bet on a rate-cut...

  • *RBA MAY RATE CUT ODDS RISE TO 40% FROM 14% YDAY, FUTURES SHOW

"A pre-emptive May cut is surely now a real possibility," said Gareth Berry, a foreign-exchange and rates strategist in Singapore at Macquarie Bank Ltd. "At the latest, an August cut is now inevitable. That spells the end of this three-month old Australian dollar rebound, and the downtrend can now resume in earnest."

 

"Whereas the RBA was previously thinking that low inflation would allow it to cut interest rates if demand faltered, it is now clear that low inflation itself is the problem," said Paul Dales, chief economist for Australia and New Zealand at Capital Economics. "An inflation-targeting bank like the RBA can't ignore such a big undershoot of underlying inflation."

As Goldman notes,

We believe the RBA will now be forced to lower their inflation forecasts in the May Statement of Monetary Policy, not just due to the low CPI data for 1Q16 but also in response to the rise in the A$ through 2016 which will further challenge the RBA's assessment that inflation will accelerate to well within the target band due to rising tradeable inflation. From our perspective the inflation data is key evidence that excess capacity exists in both product and labour markets and this is supported by private sector wages expanding at record lows and the recent erosion of surveyed measures of inflation expectations (see here). In concert with our analysis that the reported strength in GDP growth in 4Q15 overstates the underlying pulse of the domestic economy (see here) and evidence that economic activity is slowing in 2016 across a broad range of indicators (including investment intentions, retail sales, finance approvals, tourist arrivals, housing turnover, consumer confidence).

 

Moreover, the RBA clearly established the criteria required for them to act upon their easing bias; weak inflation, slowing employment growth and a currency at a level that challenges the RBA assumptions of future economic growth. On all three criteria the evidence supports the case to ease policy in May. Should the RBA choose to remain on hold in May the RBA will be more than aware that the calendar quickly becomes crowded by a likely election campaign through May to early July (the RBA's July meeting is just 3 days post the likely date of the federal election) and the leadership transition at the RBA scheduled for September. History has shown that since 1990 the RBA has not been overly influenced by political and leadership events. The RBA has eased on 3 occasions and hiked once in the month of or the month prior to a federal election and Governor Stevens continued a tightening cycle soon after his appointment to Governor. Nevertheless, it would seem lmore likely that the next widow for the RBA would be late in 2016.

 

While it is still possible that the RBA holds out hope that the rally in commodity prices might continue and that the US Federal Reserve turns significantly more hawkish, we continue to believe that the course of least regret is for the RBA to follow its inflation targeting framework and ease in May, where we continue to forecast a 25bp reduction. Nevertheless, following the firming of the possibility of an early federal election in July we have decided to move our final forecast rate cut to November 2016 (previously July). Our A$ forecast is under review.

*  *  *

Makes one wonder if any of this bounce in Chinese industrial metals is real at all...

 

Charts: Bloomberg

Jim Deeds: “We are now in the next Great Gold Rush”

Posted: 26 Apr 2016 08:40 PM PDT

from McAlvany Financial:

It feels like 1968 all over again. Paulson takes a huge stake in gold mining. China in encouraging their people to buy gold

Censored, Surveilled, Watch-Listed, & Jailed: The Absurd Citizenry Of The American Police State

Posted: 26 Apr 2016 07:30 PM PDT

Submitted by John Whitehead via The Rutherford Institute,

“You had to live - did live, from habit that became instinct - in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.”—George Orwell, 1984

In past ages, those who dared to speak out against tyranny - viewed as an act of treason - were blinded, castrated, disfigured, mutilated, rendered mute by having their tongues cut out of their heads, and ultimately crucified.

In the American police state, the price to be paid for speaking truth to power (also increasingly viewed as an act of treason) is surveillance, censorship, jail and ultimately death.

It’s a diabolically ingenious tactic for muzzling, disarming and ultimately eliminating one’s critics or potential adversaries.

However, where many Americans go wrong is in assuming that you have to be doing something illegal or challenging the government’s authority in order to be flagged as a suspicious character, labeled an enemy of the state and locked up like a dangerous criminal.

In fact, as I point out in my book Battlefield America: The War on the American People, all you really need to do is use certain trigger words, surf the internet, communicate using a cell phone, drive a car, stay at a hotel, purchase materials at a hardware store, take flying or boating lessons, appear suspicious, question government authority, or generally live in the United States.

With the help of automated eyes and ears, a growing arsenal of high-tech software, hardware and techniques, government propaganda urging Americans to turn into spies and snitches, as well as social media and behavior sensing software, government agents are spinning a sticky spider-web of threat assessments, behavioral sensing warnings, flagged “words,” and “suspicious” activity reports aimed at snaring potential enemies of the state.

It’s the American police state’s take on the dystopian terrors foreshadowed by George Orwell, Aldous Huxley and Phillip K. Dick all rolled up into one oppressive pre-crime and pre-thought crime package.

What’s more, the technocrats who run the surveillance state don’t even have to break a sweat while monitoring what you say, what you read, what you write, where you go, how much you spend, whom you support, and with whom you communicate. Computers now do the tedious work of trolling social media, the internet, text messages and phone calls for potentially anti-government remarks—all of which is carefully recorded, documented, and stored to be used against you someday at a time and place of the government’s choosing.

While this may sound like a riff on a bad joke, it’s a bad joke with “we the people” as the punchline. Yet it is no laughing matter that Americans are being jailed for growing orchids, feeding whales, collecting rainwater, and praying in their backyards. There is nothing humorous about Americans having their families terrorized by SWAT teams, their pets killed, their children shot, their homes trashed and their privacy shredded. And there’s really not much comic relief to be found when the citizenry is forced to pay their own government to jail, spy on, censor, terrorize and kill them.

The following activities are guaranteed to get you censored, surveilled, eventually placed on a government watch list, possibly detained and potentially killed.

Laugh at your own peril.

Use harmless trigger words like cloud, pork and pirates: The Department of Homeland Security has an expansive list of keywords and phrases it uses to monitor social networking sites and online media for signs of terrorist or other threats. While you’ll definitely send up an alert for using phrases such as dirty bomb, Jihad and Agro terror, you’re just as likely to get flagged for surveillance if you reference the terms SWAT, lockdown, police, cloud, food poisoning, pork, flu, Subway, smart, delays, cancelled, la familia, pirates, hurricane, forest fire, storm, flood, help, ice, snow, worm, warning or social media.

 

Use a cell phone: Simply by using a cell phone, you make yourself an easy target for government agents—working closely with corporations—who can listen in on your phone calls, read your text messages and emails, and track your movements based on the data transferred from, received by, and stored in your cell phone. Mention any of the so-called “trigger” words in a conversation or text message, and you’ll get flagged for sure.

 

Drive a car: Unless you’ve got an old junkyard heap without any of the gadgets and gizmos that are so attractive to today’s car buyers (GPS, satellite radio, electrical everything, smart systems, etc.), driving a car today is like wearing a homing device: you’ll be tracked from the moment you open that car door thanks to black box recorders and vehicle-to-vehicle communications systems that can monitor your speed, direction, location, the number of miles traveled, and even your seatbelt use. Once you add satellites, GPS devices, license plate readers, and real-time traffic cameras to the mix, there’s nowhere you can go on our nation’s highways and byways that you can’t be followed. By the time you add self-driving cars into the futuristic mix, equipped with computers that know where you want to go before you do, privacy and autonomy will be little more than distant mirages in your rearview mirror.

 

Attend a political rally: Enacted in the wake of 9/11, the Patriot Act redefined terrorism so broadly that many non-terrorist political activities such as protest marches, demonstrations and civil disobedience were considered potential terrorist acts, thereby rendering anyone desiring to engage in protected First Amendment expressive activities as suspects of the surveillance state.

 

Express yourself on social media: The FBI, CIA, NSA and other government agencies are investing in and relying on corporate surveillance technologies that can mine constitutionally protected speech on social media platforms such as Facebook, Twitter and Instagram in order to identify potential extremists and predict who might engage in future acts of anti-government behavior. A decorated Marine, 26-year-old Brandon Raub was targeted by the Secret Service because of his Facebook posts, interrogated by government agents about his views on government corruption, arrested with no warning, labeled mentally ill for subscribing to so-called “conspiratorial” views about the government, detained against his will in a psych ward for having “dangerous” opinions, and isolated from his family, friends and attorneys.

 

Serve in the military: Operation Vigilant Eagle, the brainchild of the Dept. of Homeland Security, calls for surveillance of military veterans returning from Iraq and Afghanistan, characterizing them as extremists and potential domestic terrorist threats because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.” Police agencies are also using Beware, an “early warning” computer system that tips them off to a potential suspect’s inclination to be a troublemaker and assigns individuals a color-coded threat score—green, yellow or red—based on a variety of factors including one’s criminal records, military background, medical history and social media surveillance.

 

Disagree with a law enforcement official: A growing number of government programs are aimed at identifying, monitoring and locking up anyone considered potentially “dangerous” or mentally ill (according to government standards, of course). For instance, a homeless man in New York City who reportedly had a history of violence but no signs of mental illness was forcibly detained in a psych ward for a week after arguing with shelter police. Despite the fact that doctors cited no medical reason to commit him, the man was locked up in accordance with a $22 million program that monitors mentally ill people considered “potentially” violent. According to the Associated Press, “A judge finally ordered his release, ruling that the man's commitment violated his civil rights and that bureaucrats had meddled in his medical treatment.”

 

Call in sick to work: In Virginia, a so-called police “welfare check” instigated by a 58-year-old man’s employer after he called in sick resulted in a two-hour, SWAT team-style raid on the man’s truck and a 72-hour mental health hold. During the standoff, a heavily armed police tactical team confronted Benjamin Burruss as he was leaving an area motel, surrounded his truck, deployed a “stinger” device behind the rear tires, launched a flash grenade, smashed the side window in order to drag him from the truck, handcuffed and searched him, and transported him to a local hospital for a psychiatric evaluation and mental health hold. All of this was done despite the fact that police acknowledged they had no legal basis nor probable cause for detaining Burruss, given that he had not threatened to harm anyone and was not mentally ill.

 

Limp or stutter: As a result of a nationwide push to certify a broad spectrum of government officials in mental health first-aid training (a 12-hour course comprised of PowerPoint presentations, videos, discussions, role playing and other interactive activities), more Americans are going to run the risk of being reported for having mental health issues by non-medical personnel. Mind you, once you get on such a government watch list—whether it’s a terrorist watch list, a mental health watch list, or a dissident watch list—there’s no clear-cut way to get off, whether or not you should actually be on there. For instance, one 37-year-old disabled man was arrested, diagnosed by police and an unlicensed mental health screener as having “mental health issues,” apparently because of his slurred speech and unsteady gait, and subsequently locked up for five days in a mental health facility against his will and with no access to family and friends. A subsequent hearing found that Gordon Goines, who suffers from a neurological condition similar to multiple sclerosis, has no mental illness and should not have been confined.

 

Appear confused or nervous, fidget, whistle or smell bad: According to the Transportation Security Administration’s 92-point secret behavior watch list for spotting terrorists, these are among some of the telling signs of suspicious behavior: fidgeting, whistling, bad body odor, yawning, clearing your throat, having a pale face from recently shaving your beard, covering your mouth with your hand when speaking and blinking your eyes fast. You can also be pulled aside for interrogation if you “have ‘unusual items,’ like almanacs and ‘numerous prepaid calling cards or cell phones.’” One critic of the program accurately referred to the program as a “license to harass.”

 

Allow yourself to be seen in public waving a toy gun or anything remotely resembling a gun, such as a water nozzle or a remote control or a walking cane, for instance: No longer is it unusual to hear about incidents in which police shoot unarmed individuals first and ask questions later. John Crawford was shot by police in an Ohio Wal-Mart for holding an air rifle sold in the store that he may have intended to buy. Thirteen-year-old Andy Lopez Cruz was shot 7 times in 10 seconds by a California police officer who mistook the boy’s toy gun for an assault rifle. Christopher Roupe, 17, was shot and killed after opening the door to a police officer. The officer, mistaking the Wii remote control in Roupe’s hand for a gun, shot him in the chest. Another police officer repeatedly shot 70-year-old Bobby Canipe during a traffic stop. The cop saw the man reaching for his cane and, believing the cane to be a rifle, opened fire.

 

Stare at a police officer: Miami-Dade police slammed the 14-year-old Tremaine McMillian to the ground, putting him in a chokehold and handcuffing him after he allegedly gave them “dehumanizing stares” and walked away from them, which the officers found unacceptable.

 

Appear to be pro-gun, pro-freedom or anti-government: You might be a domestic terrorist in the eyes of the FBI (and its network of snitches) if you: express libertarian philosophies (statements, bumper stickers); exhibit Second Amendment-oriented views (NRA or gun club membership); read survivalist literature, including apocalyptic fictional books; show signs of self-sufficiency (stockpiling food, ammo, hand tools, medical supplies); fear an economic collapse; buy gold and barter items; subscribe to religious views concerning the book of Revelation; voice fears about Big Brother or big government; expound about constitutional rights and civil liberties; or believe in a New World Order conspiracy. This is all part of a larger trend in American governance whereby dissent is criminalized and pathologized, and dissenters are censored, silenced or declared unfit for society.

 

Attend a public school: Microcosms of the police state, America’s public schools contain almost every aspect of the militarized, intolerant, senseless, overcriminalized, legalistic, surveillance-riddled, totalitarian landscape that plagues those of us on the “outside.” From the moment a child enters one of the nation’s 98,000 public schools to the moment she graduates, she will be exposed to a steady diet of draconian zero tolerance policies that criminalize childish behavior, overreaching anti-bullying statutes that criminalize speech, school resource officers (police) tasked with disciplining and/or arresting so-called “disorderly” students, standardized testing that emphasizes rote answers over critical thinking, politically correct mindsets that teach young people to censor themselves and those around them, and extensive biometric and surveillance systems that, coupled with the rest, acclimate young people to a world in which they have no freedom of thought, speech or movement. Additionally, as part of the government’s so-called ongoing war on terror, the FBI—the nation’s de facto secret police force—is now recruiting students and teachers to spy on each other and report anyone who appears to have the potential to be “anti-government” or “extremist” as part of its “Don’t Be a Puppet” campaign.

 

Speak truth to power: Long before Chelsea Manning and Edward Snowden were being castigated for blowing the whistle on the government’s war crimes and the National Security Agency’s abuse of its surveillance powers, it was activists such as Martin Luther King Jr. and John Lennon who were being singled out for daring to speak truth to power. These men and others like them had their phone calls monitored and data files collected on their activities and associations. For a little while, at least, they became enemy number one in the eyes of the U.S. government.

There’s always a price to pay for standing up to the powers-that-be.

Yet as this list shows, you don’t even have to be a dissident to get flagged by the government for surveillance, censorship and detention.

All you really need to be is a citizen of the American police state.

 

Nothing Cartel Can do to Stop Gold & Silver Bull Market Now! – Andy Hoffman

Posted: 26 Apr 2016 07:20 PM PDT

Bill Still VS. Fractional Reserve MONEY MASTERS

Posted: 26 Apr 2016 07:07 PM PDT

by SGT, SGT Report.com:

Bill Still, producer of the legendary documentary ‘The Money Masters‘ is back and he has a fire in his belly. Bill has been following the Trump campaign and the 2016 elections so closely that he missed the news that silver has risen more than 20% year-to-date, while the mining stock ETF’s have nearly doubled. And Bill remains steadfast in his belief that FIAT currency issued BY the government is the answer to what ails us, NOT a gold-backed currency. Bill is very fired up about Donald Trump too, saying “He’s the only chance we’ve got.” We cover it all in this dynamic, and at times bombastic conversation. Thanks for tuning in!

Yes, Prince Faisal, We Need to ‘Recalibrate’ Our Relationship – Ron Paul

Posted: 26 Apr 2016 07:00 PM PDT

by Ron Paul, Lew Rockwell:

For decades, the US and Saudi Arabia have shared a peculiar relationship: the Saudis sell relatively cheap oil to the United States for which they accept our fiat currency. They then recycle those paper dollars into the US military-industrial complex through the purchase of billions of dollars worth of military equipment, and the US guarantees the security of the Saudi monarchy.

By accepting only dollars for the sale of its oil, the Saudis help the dollar remain the world's reserve currency. This has meant that we can export inflation, finance the warfare/welfare state, and delay our day of financial reckoning.

But it seems this longstanding entangling alliance is coming apart.

First, the US nuclear deal with Iran has infuriated the Saudis. They view Iran as bitter rivals and spared no expense in Washington to derail the deal. They were not successful – at least not yet. They have also been frustrated that the US has not devoted more of its resources to the Saudi "regime change" project in Syria, seen as a way to reduce Iranian influence in the Middle East.

But it is the potential release of the secret 28 pages of the 9/11 Report that purportedly show Saudi government involvement in the attacks on New York and Washington that threatens to really blow up US/Saudi relations. The relatives of the victims are demanding the right to hold the Saudi government legally accountable if it is shown to have had a role in the attacks, and the Senate's "Justice Against Sponsors of Terrorism Act" would lift Saudi sovereign immunity and allow lawsuits to go forward. The Saudis threaten to dump three-quarters of a trillion dollars in US assets if the bill becomes law – a move that could rock world markets and even the shaky Saudi economy.

President Obama's disastrous visit to the Saudi capital last week may have been seen as the last straw. Billed in Washington as a trip to shore up relations, President Obama got the cold shoulder as the Saudi monarch sent a low-level functionary to meet the US president's plane while he met an incoming delegation from the Gulf Cooperation Council. The message was pretty clear.

The Obama PR team tried to put a positive spin on the visit, saying it "really cleared the air" between the two countries. But influential former Saudi Intelligence Chief Prince Turki Al-Faisal disagreed, telling CNN that there is going to have to be "a recalibration of our relationship with America."

Read More @ LewRockwell.com

The Moment of Truth: Has the Silver Bullet Arrived?

Posted: 26 Apr 2016 06:55 PM PDT

from The Wealth Watchman:

For the last few months, silver has crept higher under the radar, that is, until the last 2 weeks, where it started to become mainstream news. The silver price, which the banks had remarkably kept $14s and under for several months, had finally come off the lows, and it's quickly made up for lost time.

This is now "make or break" time for this new rally. As you can now see in this chart, after its recent stellar performance, silver is at a crucial crossroads now.

Silver Soar

Silver had crossed over $17, as high as 17.75, before the banksters beat it back down roughly $1. For now, they're trying to hold $17 near this line again, and an epic battle is shaping up.  Silver demand has remained strong in India, at least into February or so, where the data stops, as you can see here:

Silver bullet 5

Roughly 650 tonnes, or 20.9 million oz was bought up by India just in January, which leads to the next fascinating point:

That silver is reaching the breakout point in several important currencies. Take a look below:

Silver bullet 3

Whoa!  Very interesting!

Both silver and the Indian rupee have shared a downtrend for the past 5 years, yet silver is very close to a breakout in the Indian rupee as well, reaching a trendline that was made 2 years ago.

It also appears that the silver formation in the rupee is a "reverse head and shoulders" too. Which often is a very bullish formation.

Before we go on, I want to say that the enemy though has taken countless breakout attempts and pushed them back down for years…however, this time might turn out differently, because of some recent "crosses" of some very key averages.

We've already experienced a bullish cross of the 50 day moving average(DMA) above the 100 and 200 DMA.  What we're currently waiting for now is a crossover of the yellow(100 DMA) and the red(200 DMA).


Silver Soar 2

It appears close, brothers. When that happens, it could put a nice boost in silver, and put the wind in its sails.  So that's very bullish, but here's what we need to be watching out for.

The Banksters Are Fighting the Trend

It seems the market rigging banks have stepped in against this rally pretty hard so far.

Last week alone, over 3 BILLION ounces of "silver" contracts(or 3 years' worth of silver production) traded on the Comex futures exchange.

It appears that volume in Comex silver futures has reached the proverbial heights of Everest again, with the open interest in contracts now reaching an eye-watering 201,787!

Remember this: one Comex contract represents 5,000 ounces.

So 201,787 contracts means that some small traders(and some very large bankers) have now staked out a position on silver that is over 1 BILLION ounces. This is just within a few hundred contracts of the all time record!

It appears the banks are heavily shorting this rally, as they've done with every rally for the last 5 years. However, they've already had to frantically take the open interest to the all-time high just to barely contain silver to $17 per ounce!

Now why would they be fighting so hard?  Well, there are several reasons that come to mind.

$18 is a fairly important line in the sand that they've tried to keep silver away from(so far, successfully). I believe once $18 is broken with conviction, the buzz generated will likely bring in a great many new retail investors and crank up retail silver demand to heights that could be very difficult to handle for both mints and for the crooked exchanges.

Let me show you what I mean:

Comex Difficulty

For years, the Comex has had very adequate stockpiles of 1,000 oz, wholesale silver bars to meet demand with.  The open interest had been fairly small and contained, while the silver available was always more than enough to meet demand(with the exception of 2011).

However, there appears to now be a sea change in silver at the Comex warehouses, that I've reported on quite a few times.However, that seachange is now appearing on two fronts:

1) Since the May Day Massacre in 2011, the "silver turnover"  has been on fire.  In olden times, the amount of silver that went in and out of the warehouses on a weekly basis, was under 1 million ounces. Now though, silver will travel in and out each week in the millions of ounces. The average has been around 3 million ounces per week, but sometimes it's been as high as 7 or 8 million! What this is telling me, is that there are no longer other silver stockpiles with which to meet this incredible demand. Increasingly, with each passing day, the silver at the Comex or Shanghai, is all there is.

2) Because this is true, and because of chronic silver deficits, there's no longer an abundance of silver at the Comex to meet demands with. Take a look for yourself:

Silver bullet 4

Brothers, that chart spells some serious trouble brewing ahead for the banksters.

Look at the bottom line in particular: silver claims per ounce, in past times, was between 10 and 15 to 1. A fairly reasonable ratio, considering very few ever took delivery.

Read More @ Thewealthwatchman.com

DONALD TRUMP WINS PENNSYLVANIA! MARYLAND! AND CONNECTICUT! HILLARY WINS MARYLAND!

Posted: 26 Apr 2016 05:56 PM PDT

Trump wining Big April 26,, 2016 MSNBC News 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! ]]

U.S. Commodity Regulator Was Unaware About Deutsche Bank's Gold-Rigging Until Ten Days Later

Posted: 26 Apr 2016 05:53 PM PDT

Almost two weeks ago, On April 14, we reported the striking news that DB has decided to "turn" against the precious metals manipulation cartel by first settling long-running silver and gold price fixing lawsuits which in addition to "valuable monetary consideration" would expose the other banks' rigging after DB also "agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement."

It was then that we also reminded readers that the US commodity "regulator", the CFTC in 2013 closed its five year investigation concerning allegations that the biggest bullion banks manipulate silver markets and prices.  It proudly reported in September 2013 that it found no evidence of wrongdoing and dropped the probe. This is what it said:

The Commodity Futures Trading Commission (CFTC or Commission) Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation. For law enforcement and confidentiality reasons, the CFTC only rarely comments publicly on whether it has opened or closed any particular investigation. Nonetheless, given that this particular investigation was confirmed in September 2008, the CFTC deemed it appropriate to inform the public that the investigation is no longer ongoing. Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.

We concluded by asking whether, in light of this confirmation that the CFTC's probe was "lacking" perhaps it was time for the so-called regulators who at the time was headed by ex-Goldmanite Gary Gensler (and assisted by "revolving door" expert and HFT lobby sellout Bart Chilton) to reopen its investigation?

Much to our surprise, we found that the CFTC not only was not planning on reopening its investigation, but that it had actually not heard about the settlement until nearly ten days later.

This is what Chris Powell, treasurer of the Gold Anti-Trust Committee, which has been crusading against precious metals manipulation for years, wrote:

CFTC didn't know of Deutsche's market-rigging settlement until asked by GATA

Since the CFTC has jurisdiction over the U.S. commodity futures markets and since the commission purported to have undertaken a five-year investigation of the silver market, closing it in September 2013 upon concluding that there was no cause for action –

http://www.cftc.gov/PressRoom/PressReleases/pr6709-13

-- it was natural to seek comment from the commission about the Deutsche Bank news.

So on Saturday, April 16, your secretary/treasurer e-mailed the commission's news media office as follows, providing the Internet link to the Bloomberg News report:

"Does the commission have any reaction to Deutsche Bank's admission to manipulating the gold and silver markets, as reported by Bloomberg News this week? Is the commission responding to Deutsche Bank's admission in any way? As you may recall, some years ago the commission reported that it had investigated the silver market and had found nothing improper. Is the commission reconsidering that conclusion?"

Receiving no response, on Tuesday, April 19, your secretary/treasurer sent by facsimile machine a letter to the office of the chairman of the CFTC, Tim Massad, reading: "As I am unable to get any acknowledgement from your commission's press office, could you answer my questions here? Does the commission have any reaction to Deutsche Bank's admission to manipulating the gold and silver markets, as reported by various news organizations last week? Is the commission responding to Deutsche Bank's admission in any way? As you may recall, some years ago the commission reported that it had investigated the silver market and had found nothing improper. Is the commission reconsidering that conclusion? Thanks for your help."

Having received no acknowledgment of that letter as well, yesterday – Friday, April 22 – your secretary/treasurer telephoned the CFTC's press office and within a half hour of leaving a message received a cordial call back from an assistant to the director. He said he was unaware of the Deutsche Bank story and could find no reference to it in the commission's compendium of news reports of interest to the commission's work.

Your secretary/treasurer conceded that the story is being largely suppressed by Western financial news organizations and sent him the links to the Reuters and Bloomberg stories as well as a link to the original complaint in the class-action lawsuit. He said he would consult his superiors and hoped to reply to me next week.

Of course all this gives the impression that the CFTC not only doesn't know what's going on in its jurisdiction but also that it doesn't want to know. It is additional evidence that certain commodity market rigging is outside the commission's concern because the U.S. government and other governments are the actual perpetrators, surreptitious market rigging by the government being specifically authorized by the Gold Exchange Act of 1934 as amended in the 1970s –

https://www.treasury.gov/resource-center/international/ESF/Pages/esf-ind...

-- and because of the admission in recent official filings by CME Group, operator of the major U.S. futures exchanges, that it provides volume trading discounts to governments and central banks for surreptitiously trading all futures contracts on its exchanges:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

All this also seems to confirm that the prerequisites of this market rigging are the cowardice of the monetary metals mining industry, which refuses to protest it, and the cowardice of mainstream financial news organizations, which refuse to report it.

These Five Trends In China Will Change The Gold Market

Posted: 26 Apr 2016 05:30 PM PDT

Via HardAssetsAlliance.com,

Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market.

And most consumers didn’t know about it at all.

The same thing is happening with China and gold right now. The gold market will soon be very different than from what we see today - largely due to the current developments in China.

China’s influence will impact not just gold investors but everyone who has a vested interest in the global economy, stock markets, and the US dollar. After all, China will be a dominant force in all, as most analysts project.

Here are the five trends in China that will change the gold market forever…

(Hedge fund manager Dan Tapiero talks about some of these trends in his short interview, especially the #5 listed below.)

Trend #1: China now officially participates in the gold price fix

China has officially established a daily yuan price fix for gold.

Gold fixing was historically held at the London Bullion Market Association (LBMA). China was not part of that process, so it started its own pricing benchmark.

The Shanghai Gold Exchange’s program includes 12 “fixing” members, 10 of which are Chinese banks. The new gold benchmark will better reflect local market flows and, just as important, reduces gold’s price dependency on the US dollar.

The program has profound implications as the gold trade continues to move from West to East. It will increase China’s influence over the gold price and expand the yuan’s role as a global currency.

Trend #2: China also participates in setting the silver price

China Construction Bank, one of the country’s largest, recently joined the elite group of banks that set silver’s official daily price.

The Chinese bank now bids prices with HSBC, JPMorgan Chase, Bank of Nova Scotia, Toronto Dominion Bank, and UBS. That means China now has direct influence on the price of this key industrial and monetary metal.

These two moves makes sense, since some of the world's top gold and silver consumers are in the East—India, Russia, Turkey, and of course China.

It is clear China wants more influence over gold and silver prices—and now it will get it.

Trend #3: The renminbi is in the IMF basket

Last November, the IMF added the renminbi to its reserve currency basket. The prestigious basket will include the yuan along with the dollar, euro, pound sterling, and yen when calculating the value of the Special Drawing Rights (SDRs).

The long-term implication is that the yuan may one day become as recognizable as the dollar or euro.

It also means China must accumulate enough bullion reserves to stand on the world stage. And by any measure, it doesn’t have enough.

Some analysts believe China has more than the official 1,797.5 tonnes it reported in March, but that amount is 4.5 times less than 8,133.5 tonnes the US holds. Even if China doesn’t want that much, the current total represents only 2.2% of its total reserves.

This means that not only does China need to continue buying gold in massive quantities, it will at some point need to announce it holds a much higher amount. And that announcement will light a fire under the gold price.

You may not trust the numbers coming out of Beijing, but keep in mind that China’s biggest goal is to become a first world economy. It wants to be on the same footing as the US, Japan, and Europe.

And one way to achieve that is to accumulate a lot more gold.

Trend #4: Chinese gold production is slowing

China produces more gold than any other nation.

 

 

But even the world’s top producer isn’t immune to the effects of the four-year bear market in gold. Mine production is slowing and is poised to decline for at least several years just like everywhere else.

That’s because the cost of production has risen, ore grades are falling, and reserves in the country are limited.

And get this: China doesn’t export gold in any meaningful amount. So whatever gets produced there, stays there.

Bottom line: China’s gold production won’t make it to world markets. Its output is in decline and won’t be available to meet global demand.

Trend #5: Lack of other alternatives for Chinese investors

This trend is explosive…

As hedge fund manager Dan Tapiero points out, Chinese investors will be increasingly attracted to gold because they won’t want their savings at a zero percent interest rate.

Yet, Beijing has made it clear that it will bring rates lower. So what will investors buy? Government debt yields just 1–2%. High-yield corporate debt pays more, but only 15% of Chinese debt is rated by foreign agencies like Moody’s and S&P, so it comes with a lot of potential credit risk. The stock market wiped out many investors, and real estate petered out.

UBS analysts agree:

Deterioration in China's macro backdrop could trigger flows towards gold; there are a limited number of investment alternatives and gold is poised to benefit should outlooks across the different options turn sour… rotation into gold ETFs would be a relatively easy switch for local equity investors and could gain further traction if equity markets continue to weaken.

That’s not all.

Chinese savers have huge exposure to a devaluation of their currency, as their wealth is tied directly to the fate of the renminbi. Devaluation fears have prompted massive capital outflows from both the currency and the country—some of which is fleeing into gold.

Looking at the big picture over the next 3-5 years—these changes signal that China will be a big driver of the gold price.

U.S. Commodity Regulator Was Unaware About Deutsche Bank's Gold-Rigging Until Ten Days Later

Posted: 26 Apr 2016 04:58 PM PDT

 

Almost two weeks ago, On April 14, we reported the striking news that DB has decided to "turn" against the precious metals manipulation cartel by first settling long-running silver and gold price fixing lawsuits which in addition to "valuable monetary consideration" would expose the other banks'

Precious metals dealer credits GATA for exposing market manipulation

Posted: 26 Apr 2016 04:48 PM PDT

7:50p ET Tuesday, April 26, 2016

Dear Friend of GATA and Gold:

Interviewed by King World News, Stephen Quayle of Renaissance Precious Metals in Bozeman, Montana, gives GATA credit for exposing the manipulation of the monetary metals markets.

Citing Deutsche Bank's agreement to settle a class-action lawsuit charging such manipulation, Quayle says, "We all know that these banks are doing this at the behest of Western central banks such as the Federal Reserve. They are acting as agents for the central banks when doing this type of manipulation. The bottom line is that gold and silver prices are kept artificially low so that people don't pay as much attention to the fact that purchasing power of their fiat paper money is being destroyed."

Quayle's interview is excerpted at KWN here:

http://kingworldnews.com/forget-the-lies-and-propaganda-this-is-what-is-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Guaranteed Contract Income: A Once-in-a Decade Opportunity

Posted: 26 Apr 2016 01:57 PM PDT

This post Guaranteed Contract Income: A Once-in-a Decade Opportunity appeared first on Daily Reckoning.

"Dad! You're such a control freak!!"

No one ever said raising teenage daughters would be easy…

The outburst came after I said no to my 13-year-old daughter's request to go to a questionable concert. Thankfully, being called a "control freak" didn't really get under my skin. After all, it's my job to be in control and make wise decisions for my kids.

Being called a "control freak" may not be your idea of a compliment. But when it comes to managing your investments, it sure pays to be a control freak.

Today, I want to tell you about a special class of investments that lets you take control.

This investment doesn't subject you to the roller coaster stock market, so you don't have to worry that a market crash will wipe out your retirement savings. Or whether the Federal Reserve will raise interest rates. Or if some CEO decides to cut your dividend.

And you can take control of your money by investing in what I call contract income opportunities...

Income investing is my specialty. Most people think income investing is boring that it's safe and reliable but doesn't offer serious returns.

But that's not always the case…

This new income opportunity is one of the most lucrative trades I've seen in at least a decade. Contract income opportunities have the potential to double or triple investors' money within five years… with absolutely none of the risk they face with stocks.

And here's the best part about this investment: If you do a little bit of homework, it's almost impossible to lose money. That's how safe it is.

It's true that no investment can be totally risk-free. But this investment has a 96% payout rate. That makes it as close to a “sure thing” as you can possibly get. And this investment is actually guaranteed by law, which I explain below.

Before I show you how this works, you should know the timing on this opportunity is extremely tight. The most profitable trades only come on the market about once or twice a decade. And the last time they opened up like this was back in 2009. Then, just a few years later, the opportunity was gone.

But now these hugely profitable trades are back. And this is the time to capitalize on them, before the window shuts again.

Today, I show you exactly how these contract income opportunities work, and why they could double or triple your money over the next five years — without owning a single stock.

Most investors buy stocks and hope they move higher. Maybe these stocks pay reliable dividends (and I'm actually a big fan of dividend stocks).

But one thing you need to know about dividends is that management teams can cut the dividend payments. And over the last few years, we've seen a number of "reliable" companies do just that.

I don't know about you, but when I read that the CEO of one of my stocks decided to cut the company's dividend, I feel like I'm losing control of my investments. I'm basically at the mercy of this CEO to pay me the dividends I deserve for investing in his company.

But there's a way to invest without relying on a company CEO to maintain a dividend. And a way to invest without worrying about stock prices trading higher or lower.

And this special approach to investing relies on legally guaranteed contracts to pay you.

This special approach is through the bond market. And if you're about to tune out because you think the bond market is boring — or doesn't give you enough income — or can't help you collect huge profits from the market, I'm afraid you're mistaken.

Corporate bonds can actually be some of the most powerful investment tools you've ever seen. And the corporate bonds I'll be recommending in my new service, Contract Income Alert, will give my readers the opportunity to double their money every five years — and that opportunity is legally guaranteed by the companies I recommend.

As long as the company remains solvent, it affords investors the chance to double their money, or more.

Here's how it works…

When companies need to borrow money, they issue bonds. So when you invest in a bond, the company literally owes you money. That debt is a legal requirement and it doesn't matter whether the company is profitable or not. It doesn't matter whether a CEO wants to pay the debt or not.

The company is required — by law — to pay investors back.

Now, you might think, "Big deal… I can loan a company money by investing in a bond, and then the company pays me back. So what?"

Well, at Contract Income Alert, I'll only be recommending bonds that are trading at a discount. In other words, my readers will pay a certain price to buy the bonds, and the company will owe them more money than they paid for the bond.

Let's look at an example…

Consider the retailer Toys R Us. Years ago, Toys R Us sold bonds to the public to raise enough money to expand. The cash could have been used to buy buildings, to grow its inventory, or for marketing.

Today, competition from Amazon.com has made it more difficult for Toys R Us to generate profits. The company has had to close some stores and the company's bonds have traded lower.

Because of the challenges, you might be able to buy Toys R Us bonds at 50 cents on the dollar.

In other words, you could pay $500 to buy a bond. And when you own that bond, Toys R Us is legally required to pay you $1,000 when the bond matures. So in this example, Toys R Us, as long as the company remains solvent, is literally legally obligated to double your money!

But it gets even better than that…

Because the corporate bonds I'll be recommending are also legally required to pay investors interest. And often those interest payments can be incredibly lucrative.

Consider a bond that pays investors 10%. A typical bond like this would send you two payments a year for $50 each. So a bond that represents $1,000 in debt would pay you $100 over the course of a year.

But what happens if you buy that bond for a 50% discount? Would the payments change?

The answer is no. Nothing changes about the payments you receive. The company is still obligated to send out two payments of $50 each year.

Now think about the income that you'll receive when you buy the bond at a 50% discount. You could pay $500 for this bond, and receive $100 each year from the company. That's a legally obligated 20% in interest — plus, the company is still required to double your money when the bonds mature. That's a tremendous investment.

I'm sure you can now see why buying bonds can be an extremely powerful way to grow your wealth and boost your income.

One of the most important questions investors have about bonds is: What happens if a company can't repay its debt? The answer shows you just how safe these investments can be.

Suppose a company manages its debt poorly and doesn't have enough cash to make an interest payment or pay back its debt on time. That company would ultimately be forced into bankruptcy — which sounds like a scary thing.

Indeed, if you owned shares of that company's stock, a bankruptcy would probably mean that you get nothing. Your entire investment could easily be wiped out.

But if you own the bonds of this company, even a bankruptcy doesn't necessarily mean that you lose money. In this event, all of the company's assets are typically sold, and the proceeds are given to the company's creditors.

That's you!

So even in the case of bankruptcy, a company's bondholders go to the front of the line to collect whatever assets the company has. In this scenario, it's unlikely you'd receive the full $1,000 per bond that you are owed, but you'd likely still receive a meaningful amount of cash back. And since I always recommend buying bonds at a discount to the $1,000 debt amount, it's likely that even if one of these companies goes bankrupt, my readers would still make money on the trade.

Now, I don't expect the companies my service invests in to go bankrupt. I have a rigorous research process that I use to identify companies that have the means to repay their debt. But it's helpful to know that even in the worst-case scenario for these contract income opportunities, my readers still walk away with money in their pocket.

My goal for each of our contract income opportunities is to help my readers double their money in five years or less. And in many cases, these investments will double in a much shorter time period.

To successfully double my readers' money with these bond opportunities, the key is to buy bonds at an attractive price.

This usually means that something is challenging the companies responsible for repaying the bonds. If everything was going well, the bonds would trade close to $1,000 per bond and readers wouldn't have a chance to double their money.

So the key is to look for bonds from companies that are facing temporary challenges, and then look very carefully at whether the company will ultimately be able to pay the bond back in full. So I've developed a system to determine how likely these companies are to repay their debt and double my readers' money.

Here's to growing your income!

Zach Scheidt
for The Daily Reckoning

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 Guaranteed Contract Income: A Once-in-a Decade Opportunity appeared first on Daily Reckoning.

Long Awaited Gold Price Breakout

Posted: 26 Apr 2016 01:45 PM PDT

For the last year or more, not an elephant, not a gorilla, but a dragon has been found at the dinner table. Its breath has just made everybody at the table totally bald with some scorched red faces. Now all are looking at each other, wondering who will first mention the bald guys at the table. The Shanghai levers are finally functioning, starting with the Gold Fix and continuing with the RMB-based gold futures contract (which delivers gold metal oddly). The game is finally on, as in the climax chapter to the End Game. Paper gold is totally disconnected from fundamentals. The paper charade is as impressive as it is corrupt. Its enemy is physical gold and related demand. Silk Road nations have strong gold demand, which will disrupt the entire geopolitical balance of power, extending from trade and non-USDollar platforms. The West has the corner on toilet paper used in the gold market. The United States has the corner on the USDollar, used in fraud and illicit tolls.

Fed Induced Bond Bubble Will Devastate Financial System - Video

Posted: 26 Apr 2016 01:33 PM PDT

Transcript Excerpt:Hi it's a Tuesday April 26 2016 I'm gonna be talking about a subject a little bit technical but I think people need to know about this and it's to do with central banks and you know what the bond markets so in my opinion central banks they planted or clean been planting the seeds of a bond market meltdown with the zero interest rate policy and the negative interest rate policy and by the bond markets I mean government bond markets which are supposedly risk-free assets are not of course and then corporate bonds you know all kinds of ratings you know junk bonds but our focus on the bond market government bond market because that's the biggest market in the world so the policy observed with zero interest rates implemented through quantitative easing and officially set raids has resulted in the bond market but never seen before in the history of financial markets basically the only way to get interest rates were is to buy bonds because the ruling bond bond prices and yields is that the bond price goes up goes down if the deal goes up ...

Cyber Fraud At SWIFT – $81 Million Stolen From Central Bank, Digital Gold

Posted: 26 Apr 2016 01:28 PM PDT

Swift, the vital global financial network that western financial services companies, institutions and banks use for all payments and transfer billions of dollars every day, warned its customers yesterday evening that it was aware of cyber fraud and a number of recent “cyber incidents” where attackers had sent fraudulent messages over its system and $81 million was apparently stolen from a central bank.

How The Credit Markets Will Blow Up During The Coming Silver Rally

Posted: 26 Apr 2016 01:24 PM PDT

During the previous silver bull market, interest rates and silver moved in the same direction (up). This makes sense, given the fact that silver and interest rates move together in the long run – for the last 100 years at least. The current silver bull market (since 2001) has seen a big divergence between silver prices and interest rates. Below, is a comparison of interest rates and silver prices since 1962:

Crude Oil Price Double Top or Further Rally?

Posted: 26 Apr 2016 01:15 PM PDT

Trading position (short-term; our opinion): Short positions (with a stop-loss order at $48.56 and initial downside target at $35.24) are justified from the risk/reward perspective. Although crude oil increased after the market's open, approaching Thursday's high, the commodity gave up some gains in the following hours weakened by the strengthening U.S. dollar. Thanks to these circumstances, light crude closed another day under the resistance line. Will it be strong enough to stop oil bulls in the coming days?

TICKING TIME-BOMB: Greece to run OUT of CASH by MAY pushing Europe into ANOTHER crisis

Posted: 26 Apr 2016 01:12 PM PDT

TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis. 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! ]]

Doomsday Preppers -- The Gates of Hell

Posted: 26 Apr 2016 12:30 PM PDT

economic collapse isn't coming...its happening now. been to Detroit, Newark or any large urban city? No jobs and nobody wants to work, just collect govt welfare or sell drugs. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Gold: Tactics For Bull Era Fun

Posted: 26 Apr 2016 12:19 PM PDT

Graceland Update

Survival Psychology: 'Alone' TV Show & The Lone Wolf

Posted: 26 Apr 2016 11:50 AM PDT

I discuss the show alone and one crucial element that is missing, what I believe is being tested in that show and just an open ended commentary on lone wolf survival. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

China Buys a Huge Hunk of Aussie Land

Posted: 26 Apr 2016 08:24 AM PDT

This post China Buys a Huge Hunk of Aussie Land appeared first on Daily Reckoning.

And now… today's Pfennig for your thoughts…

Good day, and a Tom terrific Tuesday to you!

The dollar seems to be mixed again this morning, as the week of data will begin today, along with the Central Banks, like the Fed who has a two-day meeting starting today. The news flow overnight has been subdued, tight, or whatever other word you want to use to describe that not much happened. 

So, that’s the reason the currencies have no real direction this morning. But all that should change once we get going with three European Central Bank (ECB) speakers, U.S. Durable Goods Orders, The Bank of Canada (BOC) Gov. Poloz speaking, and U.S. Consumer Confidence data.

Yesterday, I told you that there was a whispering campaign regarding the Bank of Japan (BOJ) who meets this week, and the markets were whispering about how they thought the BOJ would cut rates deeper into negative territory. Well, that whispering campaign got squashed like a bug on a windshield yesterday. I never actually saw what caused the squashing, but it happened, and yen rallied. I really don’t see how yen can sustain a rally, but then I’m actually surprised to see yen still trading below 120.

Another thought in the markets that has been pretty much pushed back is the BREXIT thought. BREXIT had caused the pound sterling to experience some pain points recently. But the BREXIT talks have dried up, and don’t have the save fervor as before, and that’s all good for pound sterling. In fact, the pound is the best performer overnight!

The price of oil is down $1 this morning from 24 hours ago. Recall, I told you yesterday that the oil supply here in the U.S. will be reported today, and that should provide a nice backstop for where the price of oil heads going forward. One thing to keep in mind is that we are approaching the summer driving season, and gasoline use will rise during that season, no doubt about that! There are also rumblings coming from the oil producing countries that they could meet again and once again attempt to put together an agreement to freeze production. Again, I say fat chance of that happening! But, you’re telling me there’s a chance, right? HA!

The Aussie dollar (A$) is up a bit this morning. I read a report overnight that a Chinese-led consortium has agreed to buy 1% of Australia’s land. That’s an area larger than Ireland! Why is this important? Well, think about this it’s like a mergers and acquisitions (M&A). If China is buying something in Australia, they are going to have to convert renminbi to A$’s to setter the terms of the transaction. So, right now that deal is worth $371 million that’s going to have to be bought by the Chinese. That should be a nice lift for the A$. when it happens!

Remember last week, when I told you how the Brazilian impeachment process was helping the real, but for us to be careful, for once the process is over, there’s no plan to improve the economy’s problems, and then Brazil is back to square one. Well, since I wrote that, (and maybe I got traders thinking, do you think? Yeah, right, and my first wife was a young Elizabeth Taylor!) suddenly traders are changing horses in the middle of the stream, and beginning to wonder what the new administration will do to correct the economic malaise that Brazil finds itself in. And the real has backed off its lofty levels of last week.

The Canadian dollar/loonie, has reached for a 79-cent handle, and reached it overnight. I told you earlier that BOC Gov. Poloz is scheduled to speak today, and I’m totally convinced that he’s going to mention that the strength of the loonie is a problem for the Canadian economy. And that might knock some of the shine off the loonie. Remember, always, that Poloz came from the “trade” side of government, where the goal is to promote exports, and to do that you whine, and whine for a cheaper currency. So, that’s always hanging over Poloz like the Sword of Damocles.

The euro was up a bit this morning when I turned on my computer, but now it’s showing a loss on the day so far. There will be three ECB speakers today and I doubt that any of them are going to not mention the euro. So, watch for that, and the dollar for indications of how the euro will fare today.

The Chinese renminbi was depreciated overnight in the fixing, and the Russian ruble is reacting negatively to the drop in the price of oil this morning. I was mentioning to Joseph Stolzer, our managed currency guru, yesterday, that Russia has done a very smart thing teaming up with China on so many things. It’s a real good idea to team up with strong partners in just about anything you do!

Well, gold gained $6 yesterday, and this morning it’s giving it back! UGH! Last week, gold attempted to trade past $1,250 and stay there once again, and once again it was denied. That’s three times in recent memory that gold has been denied the ability to remain above $1,250 for any sustained period of time. What gives with $1,250? Apparently, the price manipulators have drawn a line in the sand at $1,250. There haven’t been any news of problems so far with China’s new renminbi denominated gold fixing. Smooth sailing, so far.

The U.S. Data Cupboard finally gets some “real economic data” today. U.S. Durable Goods Orders will print for March. Yesterday, I told you that I thought this data would once again print negative, but then I read a report yesterday that let me know that there will be some aircraft purchases in this data, and we all know from past wild swings in this data, that the aircraft sales can really skewer things. So, I have to change my thought on the data being negative. Not with aircraft mixed in. That won’t happen, and if it did, you know, print negative with aircraft sales/purchases, then we had better run for cover.

We’ll also see the color of the latest Consumer Confidence Index, which last month saw a huge drop, and this month will probably show no real change.  And the S&P Case/Shiller Home Price Index for March will also print. So, a busy day with data, as there are also some second and third Tier data prints today.

Yesterday’s data cupboard had March New Home Sales data, and for the third consecutive month, starts and permits dropped in the month. The housing hasn’t seen three consecutive disappointing months like this since July 2011. I told you all months ago that I thought we were beginning to see the start of the next housing bubble popping, and with data like this, we just might be there already!

Last week, I put to bed and sent off the May Review & Focus, and in it, I talk a lot about how I think the strong dollar trend is either already over, or heading in that direction quickly. When it gets posted online, you’ll want to read about my thoughts on how that all plays out. Now, I’m not in the crowd that believes this next weak dollar trend, will actually be a collapse of the dollar, but I do see their point of view! And that leads me to remind you that you can always read the Review & Focus on the EverBank Website, by clicking here.

And it also leads me to share with you some thoughts from my friend, Jim Powell, of whom I’ve talked about before, and he writes the newsletter: Global Changes & Opportunities Report (GCOP) and can be subscribed to (it costs) by going hereHere’s Jim Powell’s thoughts on the dollar:

Every time I walk into a store to buy something with paper dollars I am astonished that anyone will accept them. I often get the urge to race out the door with my purchase before the clerk realizes that greenbacks are essentially worthless.  The only reason people will accept any fiat currency is because they expect others with whom they trade will also take them. If anything should shake that confidence, the system will fall apart fast.

Well, here’s more proof that the U.S. economy is in trouble and heading for recessionville quickly. I got this from the USA Today, and can be found here should you want to read the entire article, or, here’s your snippet:

Trying to cut its way to profitability, troubled Sears Holdings announced Thursday that it will close 68 Kmart and 10 Sears stores this summer in its latest move to cut losses.

Sears’ (SHLD) move (see the list of the stores) comes atop a previous announcement that it will close 50 other stores. Sales have been falling and Sears had a disappointing holiday sales season.

‘The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability,’ said Sears Holdings CEO Edward Lampert in a statement.

All of the Sears stores and nearly all of the Kmart stores will close in late July, the retailer said. Two Kmart stores will close in mid-September. The closing Kmart and Sears stores will hold liquidation sales starting May 12 and April 29.

Chuck again. When I was a kid, the only store we ever bought anything from (besides groceries) was Sears. That was the first “revolving credit card” my mom and dad ever had, and I still only ever thought of Sears when it came time to buy tools. It’s really troubling to me that this staple of the Midwest family has gone so deep into trouble.

That’s it for today. I hope you have a Tom terrific Tuesday. Be good to yourself!

Regards,

Chuck Butler
for The Daily Pfennig

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 China Buys a Huge Hunk of Aussie Land appeared first on Daily Reckoning.

TF Metals Report: Spinning the yarn

Posted: 26 Apr 2016 08:12 AM PDT

11:12a ET Tuesday, April 26, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today notes what seems like astounding strength in the silver futures market, where open interest has risen dramatically. He speculates that high-frequency traders may be turning bullish and buying dips. His analysis is headlined "Spinning the Yarn" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/7588/spinning-yarn

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Chinese company buys full control of Eldorado's Jinfeng mine

Posted: 26 Apr 2016 07:22 AM PDT

China keeps trading fiat for metal.

* * *

Eldorado Announces Agreement to Sell Jinfeng Mine

Company Press Release
PR Newswire via Yahoo Finance
Tuesday, April 26, 2016

VANCOUVER, British Columbia, Canada -- Eldorado Gold Corp. is pleased to announce that it has reached an agreement to sell its 82 percent interest in the company's Jinfeng mine to a wholly-owned subsidiary of China National Gold Group for US$300 million in cash, subject to certain closing adjustments.

"We are pleased to have reached an agreement which we believe mutually benefits both companies. China National Gold has been our minority partner at Jinfeng for over 14 years is the logical buyer as the operation transitions fully into the underground," said Paul Wright, president and chief executive officer of Eldorado Gold. "Since commencement of production in 2007, Jinfeng has consistently delivered solid operating results and has been a strong contributor in Eldorado's global portfolio."

... Dispatch continues below ...



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The transaction is expected to close in the third quarter 2016 and is subject to obtaining various regulatory and other approvals and other customary closing conditions.

As previously disclosed, Eldorado has been evaluating the merits of potentially monetizing its Chinese assets. The company continues to advance this process and has been in discussions with various parties and will update shareholders as appropriate. ...

... For the remainder of the announcement:

https://finance.yahoo.com/news/eldorado-announces-agreement-sell-jinfeng...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Velocity of Money and Gold

Posted: 26 Apr 2016 05:19 AM PDT

SunshineProfits

Breaking News And Best Of The Web — April 27

Posted: 25 Apr 2016 06:19 PM PDT

Durable goods orders up but below expectations. Apple misses on both revenue and earnings, boosts dividend. China’s debt is even bigger than originally feared. Trump and Clinton wrap it up. The battle between physical and paper gold intensifies.   Best Of The Web Keith Neumeyer on building the next big silver miner – Daily Coin […]

Top Ten Videos

Posted: 25 Apr 2016 06:00 PM PDT

First Mining Finance CEO Keith Neumeyer sees “something different going on in the silver marketplace.” Doug Casey likes gold, silver, and Donald Trump. Mike Maloney thinks we’re already in recession. Gordon Long agrees.

The Chances Of A COMEX Default… (Public Article)

Posted: 25 Apr 2016 03:55 PM PDT

…IS GUARANTEED in my opinion! Dear CIGAs, 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 http://www.321gold.com/editorials/moriarty/moriarty041916.html and came to the conclusion “…is zero”. He began his article by saying “So anyone telling you Comex... Read more »

The post The Chances Of A COMEX Default… (Public Article) appeared first on Jim Sinclair's Mineset.

Interesting Silver Debate: Do Old Indicators Matter Or Is Physical A

Posted: 25 Apr 2016 07:34 AM PDT

Dollar Collapse

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