Gold World News Flash |
- As Central Bankers Confront Stagflation, Gold Shines More Brightly
- Podcast: The End Of Privacy = Risk Off And Soaring Gold
- Robert Appel: Here's what the Fed doesn't want you to know about gold prices
- All Quiet On The Eurasian Front
- Fort Knox Paradox
- Mike Kosares: Quietly the advantage in gold goes to private investors
- Important Updates: Stock Market, Gold, Silver, US Dollar, MORE
- Two traders fined over gold spoofing
- Gold Price Closed at $1228.40 Up $10.40 or 0.85%
- Porn Star Explains Why You Are A Scumbag Who "Gets In The Way Of Justice"
- Warning: N. Korea Has Miniature Nukes
- Iceland PM becomes first casualty of Offshore Tax leak
- Gold Daily and Silver Weekly Charts - The End of March Madness?
- The Best Way to Shield Your Portfolio From Recession
- Putin's Billion Dollar & The Panama Papers -- Max Keiser
- Is Trump Right about America being on The Precipice ?
- Awesome Silver and USD Alarm Bell
- Jim Willie More US Vote Rigging Coming as US Debt Problem Looms
- What's Happening to Our Police?
- Dollar Still Holds the Conn Over the Currencies
- David Icke Talks With Sofia Smallstorm About How To Break Free From Phantom Self
- China's gold intent -- ICBC bank reclassified as an LBMA market maker
- Fort Knox Gold Paradox
- Dollar slides to 17-month low vs yen as stocks, oil fall
- China’s Gold Intent – ICBC Bank Reclassified as an LBMA Market Maker
- Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming
- Jim Rickards: 2018 – SDR World Currency Backed with Gold - The Daily Coin
- New York Fed president refuses a question about gold swaps in public
- Interview: Jim Rickards on "The New Case for Gold"
- Former Multi-Billion Dollar Hedge Fund Manager Warns on US Stock Market, Economy
- Epic Battle Rages Between the Bullion Banks and Gold Speculators
| As Central Bankers Confront Stagflation, Gold Shines More Brightly Posted: 05 Apr 2016 09:40 PM PDT from The Daily Bell:
This small article is incorrect in some big ways. It's negative about gold despite the surge (or perhaps because of it) and predicts gold is headed back down against the dollar. It also claims that "gold doesn't have any intrinsic value." Unlike stocks, the article reminds us, gold does not represent the value of something else, something larger, the way equity does. The article seeks to remind us that when you are purchasing Microsoft or Apple, you are buying a small portions of huge organizations with fantastic products and promising futures. When you buy gold, you are merely purchasing a funny-colored metal. But both of these statements are untrue. Gold has intrinsic value because its value has been recognized, historically, for thousands of years. In a hundred or a thousand years, it will like have approximately the same purchasing power as today. Why the constant misinformation about gold in the mainstream media? Gold has always been a target because mainstream financial media in the West serves the financial interests of central banking. And central bankers don't like gold because it's not controllable the way fiat is. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Podcast: The End Of Privacy = Risk Off And Soaring Gold Posted: 05 Apr 2016 08:08 PM PDT Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result? Less financial and geopolitical risk-taking and more gold buying. But don’t get burned by failing precious metal dealers. Here’s how to make sure you get what you pay for. This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Robert Appel: Here's what the Fed doesn't want you to know about gold prices Posted: 05 Apr 2016 07:34 PM PDT 10:33a HKT Wednesday, April 6, 2016 Dear Friend of GATA and Gold: Lawyer and journalist Robert Appel, writing for Profit Confidential, describes the history and mechanisms of central bank gold price suppression policy and sees indications that the gold market is starting to give central banks trouble again. Appel's analysis is headlined "Gold Prices: Here's What the Federal Reserve Doesn't Want You to Know" and it's posted at Profit Confidential here: http://www.profitconfidential.com/gold/gold-prices-heres-what-the-federa... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ 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: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| All Quiet On The Eurasian Front Posted: 05 Apr 2016 07:25 PM PDT Submitted by Pepe Escobar via SputnikNews.com, So now Iran is back to being demonized by the West as “provocative” and “destabilizing”. How come? Wasn’t the nuclear deal supposed to have brought Iran back to the Western-concocted “concert of nations”? Iran will once again be discussed at the UN Security Council. The reason: recent ballistic missile tests, which according to the West, are “capable of delivering nuclear weapons” – an alleged violation of the 2015 UN Security Council Resolution 2231.  This is bogus. Tehran did test-launch ballistic missiles in early March. Supreme Leader Ayatollah Khamenei stressed missiles were key to Iran's future defense. Ballistic missiles have nothing to do with Iran’s nuclear program; and yet Washington kept bringing it to the table during the manufactured nuclear crisis. Russia knows it, of course. The head of the Russian Foreign Ministry’s Department for Non-Proliferation and Arms Control, Mikhail Ulyanov, once again had to go on the record saying the ballistic missile tests did not breach the UNSC resolution. What else is new? Nothing. Washington will keep pressure on Tehran for a fundamental reason; the US did not get the natural gas commitments they were expecting after the nuclear deal. Iran privileges selling natural gas to Asian – and European – customers. Eurasian integration is the key. South US Sea, anyone?Pressure also runs unabated over China related to the South China Sea. Beijing is not exactly worried. As much as Washington and Tokyo ratchet it up, Beijing increases its footprint in the Paracels and the Spratlys. The meat of the matter though is further south. For China, the key is non-stop smooth trade and energy flows through a maritime highway that happens to contain crucial choke points. These choke points – most of all the Malacca Strait – are supervised by Indonesia, Malaysia and Singapore.  There’s absolutely no incentive for Indonesia to confront China. And Beijing for its part characterizes Jakarta as a peacemaking power. What matters for Jakarta is actually to boost maritime trade ties with Beijing. Same for Kuala Lumpur – even if Malaysia and China do have their not exactly apocalyptic South China Sea quarrels. The (rhetorical) pattern from Washington spells out the usual, well, torrent of words. But what is the Empire of Chaos to do? A naval takeover of the South China Sea? Order Indonesia and Malaysia not to further improve their own – mutually beneficial — economic ties with Beijing? Let’s keep rotatingThen there’s NATO. Many a key player across the Beltway is absolutely fed up with turbulent “NATO ally” Sultan Erdogan. Yet the impression is being created – by the Masters of the Universe lording over the lame duck Obama administration – that they are turning to Turkey to reinforce an already anti-Russian NATO, with the whole process covered up in “terrorist” rhetoric. The fact that Ankara is for all practical purposes blackmailing the EU is dismissed as irrelevant. This is a classic misdirection policy. Yet it’s still unclear how “NATO ally” Turkey will keep acting in Syria, considering that Washington and Moscow may – and the operative word is “may” — have struck a grand bargain.  This does not mean that the pressure over Russia will be relaxed any time soon. The Pentagon announced it will be spending $3.4 billion on deploying hardware and hundreds of “rotating” US troops to Eastern Europe to counter – what else – “Russian aggression”. This after the Pentagon announced it will quadruple the funds for the so-called European Reassurance Initiative in fiscal year 2017, pending Congress approval, which is all but inevitable. Moscow is not exactly worried. The US brigade will have about 4,500 troops. Then there will be a few Bradley fighting vehicles, Humvees, Now let’s sing Under PressurePressure over Iran. Pressure over China. Pressure over Russia – which included the (failed) plot to destroy the Russian economy using the oil production of the GCC petrodollar gang even if that would mean the destruction of the US oil industry, against US national interests. Syria has graphically demonstrated Russian military capabilities to the real rulers of the Empire of Chaos – and that has left them dazed and confused. Up to the Syrian campaign, the whole focus was on China, especially Chinese missiles that could hit US guidance satellites for ICBMs and cruise missiles, as well as Chinese ability to shoot down an incoming foe traveling at a speed faster than an ICBM. A silent Chinese submarine surfacing undetected next to American aircraft carriers compounded the shock. Now the Masters have realized the Pentagon is even more incapacitated compared to Russia. So Russia, and not China, is now the top “existential threat”.  Certainly if Poland, Hungary, Bulgaria, Turkey, not to mention France and the UK had any idea how far behind the Russians the US really is, then NATO might collapse for good, and the entire “West” would eventually shift away from Empire of Chaos hegemony. And if that was not dramatic enough, reality TV entertainer Donald Trump is emitting signs that the US should disassociate itself from NATO – imagine it dissolving under Trump rule, in parallel to the implosion/disintegration of the EU. It may be enlightening to go back to what happened nine years ago, at the Munich security conference. Vladimir Putin already could see it coming, if not in detail at least conceptually. The inevitable geo-economic expansion of China via the One Belt, One Road (OBOR), the official denomination of the New Silk Roads – which are bound to unify Eurasia. The steady progress of the Shanghai Cooperation Organization (SCO), evolving from a sort of Asian economic/trade community towards a sort of Asian NATO as well. The success of the “4+1” coalition in Syria should be read as a precursor to the SCO’s increased international role. What’s left for the Empire of Chaos in the Eurasian front is the wishful thinking of attempting to encircle both Russia and China, while both keep actually expanding all across the Eurasian Heartland, shedding US dollars and buying gold, signing a flurry of contracts in yuan and selling oil and gas to all and sundry. Under Pressure? Well, call it a song by Queen and David Bowie; It's the terror of knowing/What this world is about/Watching some good friends/Screaming, "Let me out!"
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| Posted: 05 Apr 2016 07:00 PM PDT by Gary Christenson, Deviant Investor:
Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources "audits" since then have been incomplete and inadequate. Second Thoughts on US Gold Reserve Audits Hiding the Elephant: Fort Knox's Vanishing Act Doubts about America's Gold Holdings Question: If the Bullion Depository still contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on "food stamps" every year and nearly a $Trillion per year on "defense," so cost is not the issue.
Current policy seems to be "don't ask, don't tell" because the answer might be disconcerting, might destroy the narrative that the US gold still exists, and the revelation of missing gold might encourage other embarrassing questions … Some speculation and possible scenarios:
Scenario One: Fort Knox Bullion Depository contains 147 million ounces of gold, as claimed, but the Department of the Treasury ignores calls for a comprehensive audit.
Scenario Two: Fort Knox Bullion Depository is essentially empty – say it contains less than ten million ounces of gold.
Scenario Three: Fort Knox Bullion Depository is essentially empty of real gold – say it contains less than ten million ounces of gold but also contains perhaps 140 million ounces of gold plated tungsten. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mike Kosares: Quietly the advantage in gold goes to private investors Posted: 05 Apr 2016 06:52 PM PDT Big Banks, Hedge Funds Key Factors in 2016 Gold Surge By Michael Kosares, Editor I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008 institutional interest was light. Now HSBC, JP Morgan Chase, Bank of America Merrill Lynch, ABN Amro, UBS, and Deutsche Bank, PIMCO, and BlackRock head a growing list of investment houses that view gold favorably. In what could turn out to be the first among many such announcements, Munich Re, the giant German reinsurer, said it was adding gold to its reserves in the face of negative interest rates. Chief Executive Nikolaus von Bomhard told a news conference, "We are just trying it out, but you can see how serious the situation is." ... The fact of the matter is that there is not enough gold in size available to accommodate a doubling of already strong central bank demand. At current prices the availability of metal comes nowhere near matching the availability of capital. China, for example, is hoping against hope that it will have enough time to beef up its holdings sufficiently before a full-blown currency crisis. Barring a miracle on the supply side of the fundamentals ledger, the likelihood is that they will come up short. This is a case where, for once, the private investor has the advantage. Individuals can still buy gold and silver in sufficient quantity to achieve their portfolio goals (and quickly if so required). What we do not know is how long under the circumstances that advantage will remain on the table. ... ... For the remainder of the commentary: http://www.usagold.com/publications/NewsViewsApril2016.html ADVERTISEMENT Direct Ownership and Storage of Precious Metals Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore. Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. Goldbroker.com is listed among GATA's recommended monetary metals dealers: To invest or learn more, please visit: Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ 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: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Important Updates: Stock Market, Gold, Silver, US Dollar, MORE Posted: 05 Apr 2016 06:40 PM PDT from GregoryMannarino: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Two traders fined over gold spoofing Posted: 05 Apr 2016 06:31 PM PDT From the Financial Times, London A US financial regulator has slapped two more traders with fines in a widening crackdown on "spoofing," a form of market trickery. The traders, Heet Khara and Nasim Salim of the United Arab Emirates, were each ordered to pay more than $1.3 million in civil penalties to settle charges that they spoofed New York gold and and silver futures markets, the Commodity Futures Trading Commission said. Spoofing -- rapidly placing and cancelling orders to mislead others into buying higher or selling lower than actual market prices -- was made illegal by the 2010 Dodd-Frank financial reform law. The rise of spoofing reflects the speed, anonymity, and geographic reach of electronic markets, reports Gregory Meyer in New York. ... ... For the remainder of the report: http://www.ft.com/fastft/2016/04/05/two-traders-fined-over-gold-spoofing... ADVERTISEMENT Silver Coins and Rounds with Employee Pricing and Free Shipping Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory. Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping. So go to -- -- and type "GATA" in the radio box at the top of the page. Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ 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: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Closed at $1228.40 Up $10.40 or 0.85% Posted: 05 Apr 2016 05:44 PM PDT
Sorry I missed y'all yesterday evening. It was my wife's fault. (There. No subtlety here, just rank finger pointing and self-justification.) Stocks began dropping yesterday & speeded up today. Dow Industrial Average has lost 189.43 or 1.06% since Friday, not bad for two days' work. Closed today at 17,603.32. So far it appears to have bumped up near those December highs until it successfully found the rat poison. S&P500 has lost 27.61 (1.33%) and ended the day at 2,045.17. Dow chart's right here, http://schrts.co/90p7pc Both have walked through the lower boundary of a very sharp rising wedge to hover in midair, much like Wile E. Coyote in the great 1960s cartoons used to run off the edge of a mesa, legs whirring against nothing, & hold up a sign saying, "Not again!" before he dropped out of sight. Dow in Gold & Dow in silver are agreeing with lower stocks. Dow in Gold dropped 2.03% today to 14.28, down from a 14.63 high for the move yesterday. Yes, yes, it needs to confirm by falling lower. DiS has also turned down from 1,190 oz to 1,162.7 oz today. Upmove completed? Meanwhile the US dollar index has slipped and slid down the (blue) downtrend line from the March 2015 high. Behold! In its decline the dollar index formed a falling right triangle (hypotenuse in blue). Look at it here, http://schrts.co/IKuNji In October 2016 it broke out upward from that triangle, which generally portends the opposite, namely, a fall. It climbed to the March high about 100, then fainted, again and again. But it hath not yet suffered the crowning shame of plunging back into that falling triangle. And that line also caught & held the Dollar index in February and March. Today the dollar index added 11 basis points (0.12%) for a 94.64 close. The larger picture -- lean back from the screen, y'all -- shows a trading range between 92.50 and 100. This can be a distribution zone, leading to a top and a fall, or a consolidation zone, leading to another rally. As yet, we know not. One would assume, were one rational as central bankers are not, that the Fed ought to let the dollar fall to meet the competition from other central banks devaluing their currencies. However, we don't know, can't know, what sort of goals the Fed has, although we can never doubt that they don't care any more for the American public than a Dominecker chicken cares for a fire ant, and they adore & serve the banks like a geeky teenage boy hopelessly adores the cheerleader captain. Bottom line is, we don't know yet what the longer term dollar outlook will be. Waiting for breakdown or breakout. Among the other scrofulous major currencies, the Euro fell 0.05% today to $1,1385. Nobody home there. Yen, however, gapped up and landed 0.91% higher at 90.65, a new high for the move climbing since last November. Maybe the Nipponese central bank criminals have a deal with the US Federal Reserve Criminals to let the yen appreciate a while. Yield on the 10 year US Treasury note fell today 2.92%, gapped down in fact, to 1.727%. Investors loading into bonds (bond prices rise as yields fall) signals they are loading out of stocks. More bad juju for stocks. Speaking of interest rates, the HYG junk bond fund has since mid-February recovered from a four-month crash up to the major downtrend line & 200 DMA. Dancing on that line like a tomcat straddling hot asphalt, faltering, uncertain. Ready to cascade again. Risk off, fortissimo. Gold lost 4.30 yesterday, but gained $10.40 today to shutter Comex at $1,228.40. Silver lost 10¢ Monday & closed below 1500¢ @ 1494.2¢, but today regained 17.2¢ for a 1511.4¢ close. The quandary remains, gold still speaking with forked tongue. Gold reached up and nearly touched its 20 DMA ($1,241) with a $1,238.80 high. Plus it has refused to fall through that uptrend line from the January low (green) which the 50 DMA is now tracking. Look here, http://schrts.co/yvIunK Gold's stubborn refusal to break down, and its snappy recoveries from spikes down, keep it looking strong. But. But, merely "not breaking down" doesn't get you anywhere. Gold could still break to $1,170, but keep watching the clock because time is running out for this correction. It ought to be a memory by 15 April. Behold, silver, http://schrts.co/W6Wrck It formed that bowl in November - January, slung up out of the bowl, reached 1599, then fell back to the bowl lip (1461¢) for a final kiss good-bye. Ran for 1600¢ again, but fell to defeat in March. Yet in the ensuing retreat, silver has refused to fall through its 200 DMA (now 1490¢). - 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Porn Star Explains Why You Are A Scumbag Who "Gets In The Way Of Justice" Posted: 05 Apr 2016 05:23 PM PDT Submitted by Simon Black via SovereignMan.com, The Internet practically exploded this weekend after a detailed report was published proving that dozens of corrupt politicians around the world have been stealing public funds and hiding the loot overseas. In other news, the Pope is Catholic. Not to make light of this, but this hardly comes as a surprise. There’s some Grade A filth in positions of power who routinely funnel public funds into their own pockets. Whether they secret the funds offshore, buy expensive flats in London, purchase Bitcoin, or stuff cash under their mattresses seems hardly relevant. The real issue is that systems of government routinely put morally bankrupt individuals in control of trillions of dollars of cash. Seriously, what do people expect is going to happen? Yet this never seems to be concern. The media outcry always seems to focus on the manner in which public officials hide their assets, not the fact that the funds were stolen to begin with. This report targets the illicit use of offshore corporations, specifically those set up by a single law firm in Panama. In reality, this issue hardly boils down to one firm. There are thousands of law firms all around the world, including in the UK and the United States, that register companies for their clients. Some of those companies end up being used for nefarious purposes, including fraud and theft. But it’s crazy to presume that corrupt officials and con artists are the only ones who would ever need a company in one of these “shady” jurisdictions. (Those “shady” jurisdictions, by the way, include Wyoming, South Dakota, and Delaware.) Alongside the report is a video with a scantily clad porno actress named Lisa Ann, star of “Who’s Nailin’ Paylin,” a satire in which Ms. Ann spoofs former Vice Presidential candidate Sarah Palin engaged in sexual… congress. No I am not making this up... In her video, the porn starlet explains that only arms dealers and scumbags set up asset protect vehicles like anonymous shell companies, which can include something like a Delaware LLC. Never mind that people in the Land of the Free are living in the most litigious society in human history. Or that last year the US government stole more money and private property from its citizens through civil asset forfeiture than all the thieves and felons in the country combined. Given such obvious realities, you’d have to be crazy to NOT take steps to protect your savings. But if a porn star says that you’re a scumbag who ‘gets in the way of justice’ by setting up a Delaware LLC to safeguard your assets and reduce your legal liability, it must be true. So let it be written. Look, the anger and disgust of seeing corrupt people getting away with a crime is understandable, particularly when that crime is stealing from taxpayers. But nobody ever seems to attack the real problem– that these people are ever put in positions enabling them to steal taxpayer funds to begin with. Instead the spotlight is always on how they hide it. That’s like focusing on what color T-shirt the ax murderer was wearing. My concern is that is if corrupt officials shift tactics and start buying gold, there will be calls to outlaw gold. Or if they start holding cash, there will be even louder calls to ban cash. These reports are incredibly damning for the dozens, even hundreds or thousands of bad actors who abuse the system. But at the same time they create a mass hysteria that puts law-abiding taxpayers who value their financial privacy into the same category as some corrupt African dictator. Listen in to today’s podcast as we discuss this trend even more, what I call the “New Dark Ages”. We’ve entered a time where privacy and personal freedom are trivial inconveniences rather than the bedrock cultural values they used to be. For example, I question when our society degenerated to the point that a porn star gets to tell us what we should and should not be able to do with our own private property. . . I’d advise you to turn DOWN the volume. This podcast is probably the most intense I’ve ever done. Listen in here. (click image for link to podcast)
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| Warning: N. Korea Has Miniature Nukes Posted: 05 Apr 2016 04:00 PM PDT Warning: N. Korea has acquired "miniature nukes" for short range Missiles 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Iceland PM becomes first casualty of Offshore Tax leak Posted: 05 Apr 2016 03:00 PM PDT Sigmundur Gunnlaugsson steps down after thousands call for his resignation following Panama Papers investigation. Al Jazeera's Laurence Lee reports from Reykjavik. 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 Daily and Silver Weekly Charts - The End of March Madness? Posted: 05 Apr 2016 01:19 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Best Way to Shield Your Portfolio From Recession Posted: 05 Apr 2016 01:12 PM PDT This post The Best Way to Shield Your Portfolio From Recession appeared first on Daily Reckoning. I joined Fox News to discuss Donald Trump’s economic predictions, stock market inflation, and why there is only one place to safely invest money during these unstable economic and political times. Click on the play button in the video below to watch…
Regards, Jim Rickards P.S. This morning, I held an an online workshop exclusively for people who reserved a free copy of my latest book, The New Case for Gold through Agora Financial. It was recorded and accessible to you still. This workshop is one of many pluses you get by ordering The New Case for Gold through us. Your hardcover copy of the book will have a bonus chapter, too. It will be signed by me also. You'll get a 60-day no-obligation trial of Rickards' Strategic Intelligence as well. And all we ask is $4.95 to cover shipping for the book — less than a third of what you'd pay buying the book from Amazon. Here’s where to act. The post The Best Way to Shield Your Portfolio From Recession appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Putin's Billion Dollar & The Panama Papers -- Max Keiser Posted: 05 Apr 2016 12:00 PM PDT Putin's Pic in Panama Leak In this episode of the Keiser Report Max and Stacy discuss the curious case of Putin's photo being used to sell #panamapapers when his name is allegedly not even mentioned in the 11 million pages of documents; and they look at #WikiGreeks as someone leaks the transcript... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is Trump Right about America being on The Precipice ? Posted: 05 Apr 2016 11:00 AM PDT Is Trump right about a 'massive recession' looming? Kaltbaum Capital Management's Gary Kaltbaum and Matson Money CEO Mark Matson debate Donald Trump's claims the U.S. economy is headed towards "a very massive recession." The Financial Armageddon Economic Collapse Blog tracks trends and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Awesome Silver and USD Alarm Bell Posted: 05 Apr 2016 10:01 AM PDT Graceland Update | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jim Willie More US Vote Rigging Coming as US Debt Problem Looms Posted: 05 Apr 2016 10:00 AM PDT Jim Willie More US Vote Rigging Coming as US Debt Problem Looms 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| What's Happening to Our Police? Posted: 05 Apr 2016 09:30 AM PDT "What's Happening to Our Police" exposes the agenda that is moving police from local to national control, all in the name of security. Seven steps highlight how it is being done and how the federal government never lets a crisis go to waste. The Financial Armageddon Economic Collapse... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dollar Still Holds the Conn Over the Currencies Posted: 05 Apr 2016 08:07 AM PDT This post Dollar Still Holds the Conn Over the Currencies appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day, and a Tom terrific Tuesday to you! The afterglow of the Jobs Jamboree has kept the markets smitten with the report, and that allows the dollar to continue to have the control over the currencies. But not the metals today, as the metals led by gold are all gaining ground. Lost ground I might add, but I don’t want to get jaded here. I’ll just stick with being happy that the metals are gaining vs. the dollar. The Japanese yen, of all currencies I might add with exasperation, is the only currency I can find that is carving out a gain vs. the dollar. I was going to talk a bit about the yen yesterday, but just ran out of time and room. So here goes… Yen has just reached a 17-month high vs. the dollar. Can you believe that? I know, I know, doesn’t make much sense, but when safe haven buying comes into play, strange things happen, and none could be stranger in the currencies, than to have Japanese yen booking gains and reaching a level that it hasn’t seen since 2014. Nothing has changed with the fundamentals of Japan folks, it’s economy, debt problem, demographics are still what I would call a basket case. So, just like the rally we saw with the safe havens a couple of months ago, I expect this rally to not last too long. So, be careful here folks. I say “be careful here folks” because of something I’ve been telling you for a few years now, that the Japanese government is hell bent and whiskey bound to get the yen weak. So, this rally in yen has got to get the Japanese leaders steaming, and this could bring on a call to the Finance Ministry to intervene, which would cause a wild swing in the yen, and that’s why I say “be careful here”… The Reserve Bank of Australia (RBA) did as just about everyone under the sun and moon expected them to do and left their main cash rate unchanged at 2%. And in the statement that followed the rate announcement, the RBA was subdued with their criticism of the A$’s recent strength, choosing instead to mention that the A$ was “somewhat stronger” and then also mentioned that commodity prices had improved, thus in my opinion, telling the markets that the RBA is OK with A$ strength as long as the commodities continue to improve. The Aussie dollar (A$) took this news and began to move higher in value, but then things got hairy in the currencies and the A$ succumbed to the strength of the U.S. dollar. China returned from their 1-day holiday and immediately pushed the value of the renminbi down in the fixing overnight. I told you yesterday that China has two BIG reports this week, the national PMI, and the latest report on their FX reserves. I think the FX reserves report prints tonight, but having my hands tied, I can’t make certain of that right now. So, let’s just go with the thought that the FX Reserves will print tonight! I expect to see that the drain on FX reserves from China’s treasure chest of reserves, will have slowed down, which would be a good indicator that China’s liquidity injections have slowed, and the only reason they would have slowed is that they weren’t needed as badly. So, hopefully, you see how important this data is not only for China, but also the currencies in Asia and Pan-Asia. I’ve made the point here in previous Pfennigs that Central Bankers have basically used all the arrows in their respective quivers. But they still have verbal intervention they can use, and the Swiss National Bank’s (SNB) president, Jordan, is a master at this. I don’t know if you’ve noticed the franc’s rise in the currency roundup each day recently. But the franc has had a stealth-like move higher, without a lot of fanfare or pundits pointing it out. And Jordan knows all too well that the franc can’t get out of whack with the other floating European currencies, especially the euro. So, just for old-time’s sake, Jordan told reporters that: “The central bank has further means of acting in an expansionary manner.” Again this verbal intervention is sort of like hanging the belt on the doorknob on the door to the room where Chuck and his siblings were getting rowdy. It’s a reminder of the consequences of not adhering to the wishes of the Central Bank. The price of oil has dropped another figure to a $35 handle overnight. Have you ever heard the great Rev. Al Green’s version of How Can You Mend a Broken Heart? Well, you should! It’s playing on the iPod right now, and I’m associating it with the oil men and their broken hearts. They had the tiger by the tail, and now they don’t. It’s sad. And I can hear you saying, ‘but Chuck, these guys are still making boat loads of money… Are they really?’ With the price of oil below their cost to produce it? Help me mend my broken heart, and let me live again. The Russian ruble leads the petrol currencies on another ride on the slippery slope. The ruble has become the proxy for petrol currencies. So, it’s not just the oil men in the pinchers, the countries that depend on oil revenues as a large piece of their economy are also in the pinchers because of the drop in the price of oil. And even the countries like Canada that has less dependency on oil revenue than say Russia, finds itself searching for new ways to generate lost revenue. Speaking of Canada… today we will see their latest trade figures. It would go a long way toward helping the loonie turn around the recent bout of selling, if the trade deficit narrowed, which is what I’m expecting here today. I bet you thought I was finished questioning the markets being smitten with the BLS jobs report, eh? Well, let’s just say this is icing on the cake for me. Yesterday, the Fed LMCI (Labor Market Conditions Index) printed and showed that in March, when the BLS was pulling rabbit out of its hat with a 215,000 jobs added number, the LMCI fell 2.1 points, adding to the deterioration of the index in the last couple of months. So, the Fed members aren’t smitten with the Jobs Jamboree, and if I were king I would decree the markets not be smitten with it because it honors the dollar, but until somebody comes around and puts a crown on my head and wraps me in a royal cape, we’ll have to carry on despite the markets’ shortcomings! The U.S Data Cupboard yesterday, was interesting in that the data that printed all printed weaker than expected. But then, what else is new? HA! The ISM (regional manufacturing) for the New York region printed at 50.6 in March, falling from 53 the previous month. I just mentioned the LMCI falling 2.1 points. Factory Orders final for Feb was negative -1.7%, Durable Goods Orders was negative -3.0% (revised down from -2.8%) Capital Goods Orders were negative -1.3% (revised down from -1%). So, for a data dependent Fed, they sure couldn’t find anything good here. But what are the markets looking at that have them so lovey-dovey with the dollar? Doesn’t this data make the case that the Fed can’t hike rates? Today’s Data Cupboard has the Trade Deficit for Feb to print. Look for a deficit of $46 billion, and that’s about it, other than some off the beaten track data reports from Markit, and IBD. Oh wait! Jammed in there today is the March ISM Composite that puts together the performance of the manufacturing and services sectors for one index. But the markets don’t usually pay too much attention to it since the individual sectors have already printed. So, not a real strong day for the data, that might keep the dollar holding the conn. Well, like I said above, gold is on the rally tracks today, after losing another $6 yesterday. This morning gold is up $16 so it has that going for it! It is April, right? And what was it that April was going to bring to us? (besides showers! HA!) That would be the Shanghai renminbi denominated gold fixing. Well, it hasn’t started just yet, and when it does, I don’t think we’re going to see any major moves in the price of gold. But as time goes on… wink, wink. I read a piece from James Rickards about the Shanghai gold fixing, and he theorized that China still has about 3,000 tonnes of gold to buy and therefore they would not allow the gold fixing to rise too much until China could buy what it needed to give it the largest gold reserves in the world, before allowing the gold fixing to rise. Makes sense to me. But what that tells me is that the government is going to have its hands in the cookie jar here, and I don’t like that one iota. But you always get some bad with the good. Well, have you heard about the Panama Papers? My email box has been inundated with links to different viewpoints on these papers which allegedly is documentation that there has been misconduct by the wealthy and powerful. So, I tried to nail down the most conservative of the links and came across this one in the USA Today. So, here’s that link, and here is the snippet:
Chuck again. As if we didn’t already know that this stuff went on, but I find it to be quite interesting the lengths that were gone to, to keep this stuff under the rug. If I were wealthy and powerful, I would say here is what I’m doing, because I can! HA! That’s it for today. Now let’s go have a Tom terrific Tuesday, 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 Dollar Still Holds the Conn Over the Currencies appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| David Icke Talks With Sofia Smallstorm About How To Break Free From Phantom Self Posted: 05 Apr 2016 08:00 AM PDT David Icke talks with Sofia Smallstorm about how to break free from Phantom Self. 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China's gold intent -- ICBC bank reclassified as an LBMA market maker Posted: 05 Apr 2016 07:32 AM PDT By Mark O'Byrne ICBC Standard Bank, China and the world's largest bank, has been reclassified as a spot market making member of the London Bullion Market Association with effect from today, according to a note posted on the LBMA website last night. ... ... For the remainder of the report: http://www.goldcore.com/us/gold-blog/chinas-gold-intent-icbc-bank-reclas... ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ 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: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 05 Apr 2016 06:34 AM PDT Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dollar slides to 17-month low vs yen as stocks, oil fall Posted: 05 Apr 2016 03:56 AM PDT The Hindu Business Line | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China’s Gold Intent – ICBC Bank Reclassified as an LBMA Market Maker Posted: 05 Apr 2016 02:54 AM PDT ICBC Standard Bank, China and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming Posted: 05 Apr 2016 01:51 AM PDT Below, I have done a fractal analysis of the US Dollar index (generated on tradingview.com). It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation – deflation is great for gold and silver), from a long-term point of view. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jim Rickards: 2018 – SDR World Currency Backed with Gold - The Daily Coin Posted: 05 Apr 2016 01:00 AM PDT Sprott Money | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New York Fed president refuses a question about gold swaps in public Posted: 05 Apr 2016 12:21 AM PDT 3:20p HKT Tuesday, April 3, 2016 Dear Friend of GATA and Gold: Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer. Yesterday when your secretary/treasurer e-mailed the New York Fed's media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA's behalf, Pajonk provided the Internet link to a video recording of Dudley's remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it. ... Dispatch continues below ... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com The incident may demonstrate how easy it would be for mainstream financial news organizations to expose the Fed's surreptitious interventions in the gold market and other markets. No great investigative journalism would be necessary. Nothing more needs to be done than to ask the right questions -- questions the Fed cannot answer honestly without betraying the market rigging done by central banks. The incident took place Thursday, March 31, as Dudley addressed the Virginia Association of Economists meeting at the Virginia Military Institute in Lexington. Dudley's address was titled "The Role of the Federal Reserve -- Lessons from Financial Crises," and the New York Fed published on its Internet site Dudley's prepared text: https://www.newyorkfed.org/newsevents/speeches/2016/dud160331 In the audience was a longtime GATA supporter, W. Ware Smith Jr. of Roanoke, Virginia, who, when Dudley invited questions at the conclusion of his address, rose to ask about the repatriation of the gold of other countries that is vaulted at the New York Fed. Dudley replied that there would be no trouble about such repatriation. Smith then asked Dudley whether the Federal Reserve has swapped gold with the governments or central banks of other countries. Dudley replied: I can't comment on individual customer kind of transactions." Though Smith, speaking from the audience without a microphone, cannot be heard, Dudley, at the podium, can be, and the exchange takes place at the 53:20 mark in the video of Dudley's presentation posted by the Virginia Military Institute at YouTube here: https://www.youtube.com/watch?v=2unACzs9Gbo But of course Smith had not asked Dudley to comment on "individual customer transactions." Smith had asked Dudley whether the Federal Reserve has engaged in gold swaps -- that is, whether the Federal Reserve is secretly intervening in the gold market or facilitating secret intervention. Ironically, just a few minutes earlier, in response to another question, Dudley extolled the Federal Reserve's transparency, asserting that the Fed is "already audited" and undergoes "lots of scrutiny in terms of how we conduct our business" -- just not scrutiny for gold business. (This can be heard at the 44:10 mark.) In 2009, adjudicating GATA's freedom-of-information request to the Federal Reserve seeking information on its gold transactions, Fed Board of Governors member Kevin M. Warsh acknowledged, if a bit inadvertently, that the Fed has secret gold swap arrangements with foreign banks: But that was nearly seven years ago. How about now? Asked by a mere citizen of the United States last week, the president of the New York Fed would not say. Asked by GATA yesterday, the spokesman for the New York Fed would not even acknowledge the question. Would the New York Fed respond with such contempt to a similar inquiry from, say, The Wall Street Journal, New York Times, Reuters, Bloomberg News, or the Financial Times? The possibility of such critical and specific questioning about the Fed's surreptitious intervention in the markets probably does not worry Fed officials in the slightest. At least such questioning has never happened before. CHRIS POWELL, Secretary/Treasurer Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ 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: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interview: Jim Rickards on "The New Case for Gold" Posted: 04 Apr 2016 05:00 PM PDT With growing concern about market direction and cracks forming on the margins, many investors have started to turn again to gold, pulling it out of a long-term downtrend in recent months. Financial sense spoke with Jim Rickards, editor of Strategic Intelligence... | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Former Multi-Billion Dollar Hedge Fund Manager Warns on US Stock Market, Economy Posted: 04 Apr 2016 05:00 PM PDT "Margin debt right now is suggesting returns over the next few years will be poor and because the rate of change is now negative, it's suggesting that we've already entered a bear market... all of that borrowing...becomes forced selling or supply in the market to potentially..." | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Epic Battle Rages Between the Bullion Banks and Gold Speculators Posted: 04 Apr 2016 10:55 AM PDT The battle raging between the Bullion Banks and Gold Speculators is every bit as spectacular as the Ali-Frazier fights of the 1970s, says precious metals expert Michael Ballanger. As a young man of fourteen with my older brother Donny having introduced me to Ring Magazine a few year earlier, I can't remember ever being so hyped up for a heavyweight title fight than when Cassius Clay took on Sonny Liston and "whupped" him to take the title and then repeated in the rematch. From that point onward, the hero of my youth (excluding Bobby Orr, of course) in the world of sports became Cassius Clay-turned-Muhammad Ali, who became the greatest heavyweight fighter of all time and dominated the game for over a decade, despite being banned from boxing for refusing to join the army in 1967. Ali was a big man standing over 6'4" tall but he moved with the fluidity, speed and lethal grace of a jaguar. |
A Warning for Gold Bugs: This Rally Won't Last … Gold prices surged 16.5% in the first quarter … Gold investors should enjoy the party while they can. –Wall Street Journal
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