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Thursday, April 21, 2016

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Precious Metals Bull Snorts As Silver Roars to the Upside – GIGANTIC Third Phase of PM Bull Is Underway

Posted: 21 Apr 2016 12:32 PM PDT

Silver is roaring to the upside, leading gold (and the miners are confirming, rocketing higher right along with silver).  Naysayers, wake-up! We are witnessing the unfolding of the third phase of a gigantic precious metals bull market…   Buy Silver Coins at SDBullion By Eric Dubin: 1:35 p.m. EST, April 21 update:  Back on February 11th, […]

The post Precious Metals Bull Snorts As Silver Roars to the Upside – GIGANTIC Third Phase of PM Bull Is Underway appeared first on Silver Doctors.

This Artist Still Makes $300,000 Per Year From Something He Created in 1971

Posted: 21 Apr 2016 12:00 PM PDT

Imagine getting paid hundreds of thousands of dollars a year for something you did in 1971! This story holds the key to one of the greatest business model ever invented: the idea that you can create something once and get paid on it for life. It's the royalty business…   Buy 90% Junk Silver Coins […]

The post This Artist Still Makes $300,000 Per Year From Something He Created in 1971 appeared first on Silver Doctors.

Silver Shines: Precious Metals Looking Good

Posted: 21 Apr 2016 11:58 AM PDT

Inside The Gold Hedged Equity ETF Debutantes

Posted: 21 Apr 2016 11:48 AM PDT

Did gold just make the spring high ?

Posted: 21 Apr 2016 11:22 AM PDT

Commodity Trader

Why Are Thousands Of Millionaires Fleeing Chicago?

Posted: 21 Apr 2016 11:00 AM PDT

Thousands of millionaires are so concerned about changing conditions that they are fleeing the major cities. So before you dismiss all of this apocalyptic talk as "nonsense", perhaps you may want to consider what the elite may know that you do not…   Buy Silver Rounds Lowest Price Silver Online  From 49 Cents Over Spot […]

The post Why Are Thousands Of Millionaires Fleeing Chicago? appeared first on Silver Doctors.

Deutsche Bank Settles Gold Price Fixing Litigation

Posted: 21 Apr 2016 10:02 AM PDT

SunshineProfits

Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

Posted: 21 Apr 2016 10:00 AM PDT

Get ready to step over some landmines, investors. The number of companies defaulting on their debt is hitting levels not seen since the financial crisis, and it's not just a problem for bondholders…   Submitted by Michael Snyder: The Dow closed above 18,000 on Monday for the first time since July.  Isn't that great news?  […]

The post Corporations Are Defaulting On Their Debts Like It's 2008 All Over Again appeared first on Silver Doctors.

The Triumph of the Invisible Hand

Posted: 21 Apr 2016 09:00 AM PDT

When it comes to capital allocation, you can go with the dead hand of the State, or you can follow the market's invisible hand…   Submitted by Simon Black, Sovereign Man: "By virtue of exchange, one man's prosperity is beneficial to all others." – Frédéric Bastiat. It remains one of the most powerful metaphors in […]

The post The Triumph of the Invisible Hand appeared first on Silver Doctors.

Dozens Of Large Earthquakes Strike As Speculation Mounts That Japan’s Southern Island May Split

Posted: 21 Apr 2016 08:00 AM PDT

I believe that we have entered a period of time during which we will see seismic activity on a scale that none of us have ever experienced before. This great shaking will combine with other factors such as financial collapse, geopolitical instability and civil unrest to produce what many have described as a "perfect storm"… […]

The post Dozens Of Large Earthquakes Strike As Speculation Mounts That Japan's Southern Island May Split appeared first on Silver Doctors.

Gold & Silver SMASHED – ‘Someone’ Dumps $2 Billion Of Gold Into Futures Markets

Posted: 21 Apr 2016 07:31 AM PDT

What goes up… must not be allowed to…   Buy Pre-1965 90% Silver Coins at SD Bullion From Tyler Durden, Zerohedge: Someone just decided this was the perfect time to dump over $2 billion worth of notional paper gold onto the markets…   Over 16,000 gold contracts (and 7,500 silver) were dumped in that 5/10 […]

The post Gold & Silver SMASHED – ‘Someone’ Dumps $2 Billion Of Gold Into Futures Markets appeared first on Silver Doctors.

Banksters Setting Up MASSIVE Raid?

Posted: 21 Apr 2016 06:55 AM PDT

Total Comex open interest is back above the 500,000 level and, if recent history is any guide, that’s not a good sign…   2016 Silver Maples Lowest Price Online! Submitted by Craig Hemke, TFMetals:  Gold prices remain firm today…with the exception of the $5 drop at the London PM Fix…and they remain at a critical […]

The post Banksters Setting Up MASSIVE Raid? appeared first on Silver Doctors.

Harvey Organ: Get Ready For An EPIC Battle!

Posted: 21 Apr 2016 06:01 AM PDT

GET READY FOR AN EPIC BATTLE TONIGHT AND TOMORROW…   GOLD AND SILVER WITHSTAND MINOR RAID TODAY BUT GET READY FOR AN EPIC BATTLE TONIGHT AND TOMORROW/MITSUBISHI MOTORS ADMITS TO RIGGING EMISSIONS/CHINA RETALIATES AGAINST THE USA TARIFFS BY RAISING PRODUCTION LEVELS OF STEEL/INTEL FIRES 12,000 WORKERS/STATE STREET CAUGHT STEALING FROM CUSTOMERS Buy 2016 Silver Maples […]

The post Harvey Organ: Get Ready For An EPIC Battle! appeared first on Silver Doctors.

Secret Barometric Bomb Technologies, Nuclear Technologies, Used To Bring WTC Towers Down

Posted: 21 Apr 2016 06:00 AM PDT

Strong evidence exists suggesting that up to three thermonuclear devices were detonated at the World Trade Center site on 9/11, hence the nickname "Ground Zero"… Buy 2016 Gold Eagles Best Prices Online by Shepard Ambellas, Intellihub.com via SHTFPlan: Although it's now public knowledge that former Florida Sen. Bob Graham told the Tampa Bay Times that the secret 28 pages […]

The post Secret Barometric Bomb Technologies, Nuclear Technologies, Used To Bring WTC Towers Down appeared first on Silver Doctors.

Silver Price Forecast: How The Credit Markets Will Blow Up

Posted: 21 Apr 2016 05:22 AM PDT

Previously, I have shown how the structure of the 70s silver bull market is similar to the current one. This similarity is also true for interest rates. This makes sense, given the fact that silver and interest rates move together in the long run. Below, I have done fractal analysis of the 10-year US Treasury…

President Trump? President Clinton? Gold Up in Both Scenarios: Mackie's Barry Allan

Posted: 21 Apr 2016 01:00 AM PDT

Donald Trump and Hillary Clinton may have very little in common, but Barry Allan, vice chair of mining for Mackie Research Capital, says if either moves into the White House, the U.S. dollar will...

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47 Percent Of Americans Cannot Even Come Up With $400 To Cover An Emergency Room Visit

Posted: 20 Apr 2016 09:11 PM PDT

One Dollar Bill - Public DomainIf you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?  Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now.  And according to the Fed, an astounding 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something.  Various surveys that I have talked about in the past have found that more than 60 percent of all Americans are living to paycheck to paycheck, but I didn’t realize that things were quite this bad for about half the country.  If you can’t even come up with $400 for an unexpected emergency room visit, then you are just surviving from month to month by the skin of your teeth.  Unfortunately, about half of us are currently in that situation.

Earlier today someone pointed me toward an excellent article in The Atlantic that discussed this, and I have to admit that The Atlantic is one of the last remaining bastions of old school excellence in journalism that you will find in the mainstream media.  Of course I don’t see eye to eye with them on a lot of things philosophically, but there are some really hard working journalists over there.

The article where I found the 47 percent figure comes from The Atlantic, and it is entitled “The Secret Shame of Middle-Class Americans“.  It was authored by Neal Gabler, and he says that he can identify with the 47 percent of Americans that don’t have $400 for an unexpected emergency room visit because he is one of them…

I know what it is like to have to juggle creditors to make it through a week. I know what it is like to have to swallow my pride and constantly dun people to pay me so that I can pay others. I know what it is like to have liens slapped on me and to have my bank account levied by creditors. I know what it is like to be down to my last $5—literally—while I wait for a paycheck to arrive, and I know what it is like to subsist for days on a diet of eggs. I know what it is like to dread going to the mailbox, because there will always be new bills to pay but seldom a check with which to pay them. I know what it is like to have to tell my daughter that I didn't know if I would be able to pay for her wedding; it all depended on whether something good happened. And I know what it is like to have to borrow money from my adult daughters because my wife and I ran out of heating oil.

To me, this is yet more evidence that the middle class in America is dying.

Last year, it was reported that middle class Americans make up a minority of the population for the very first time in our history.

But back in 1971, 61 percent of all Americans lived in middle class households.

So what happened?

Well, the big corporations started shipping millions of good paying manufacturing jobs overseas.  Millions of other good paying jobs were replaced by technology, and the competition for the good jobs that remained became extremely intense.

During the good times, the U.S. economy still created new jobs, but most of those jobs were low paying service jobs.

At this point, a majority of American workers have jobs that would be considered low paying.  In fact, 51 percent of all American workers make less than $30,000 a year according to the Social Security Administration.

And once you account for inflation, the truth is that our incomes have been going down for years.  According to a study that was released by Pew Charitable Trusts, median household income in the United States decreased by 13 percent between 2004 and 2014.

That isn’t “progress” any way that you slice it.

If you go all the way back to 1970, the middle class took home approximately 62 percent of all income in the United States.

Today, that number has fallen to just 43 percent.

So the fact that 47 percent of Americans can’t even pay for an unexpected emergency room visit is not exactly a surprise.  To be honest, a whole host of other surveys have come up with similar numbers.  Here is more from Neal Gabler…

A 2014 Bankrate survey, echoing the Fed's data, found that only 38 percent of Americans would cover a $1,000 emergency-room visit or $500 car repair with money they'd saved. Two reports published last year by the Pew Charitable Trusts found, respectively, that 55 percent of households didn't have enough liquid savings to replace a month's worth of lost income, and that of the 56 percent of people who said they'd worried about their finances in the previous year, 71 percent were concerned about having enough money to cover everyday expenses.

What all of these numbers tell us is that the middle class is disappearing.  I tend to compare it to a game of really bizarre musical chairs.  With each passing month more chairs are being pulled out of the circle, and those members of the middle class that haven’t fallen into poverty yet are just hoping that a chair will still be there for them when the music stops.

Even during the “Obama recovery”, we have seen poverty in America absolutely explode.  In fact, some brand new numbers just came out that are quite startling.  The following comes from another author for The Atlantic named Gillian B. White…

Recently, the Brookings Institution published a report looking at the same idea but giving it a different name. The paper, builds on research from the British economist William Beveridge, who in 1942 proposed five types of poverty: squalor, ignorance, want, idleness, and disease. In modern terms, these could be defined as poverty related to housing, education, income, employment, and healthcare, respectively. Analyzing the 2014 American Community Survey, the paper's co-authors, Richard Reeves, Edward Rodrigue, and Elizabeth Kneebone, found that half of Americans experience at least one of these types of poverty, and around 25 percent suffer from at least two.

To underscore this point, let me just run five quick facts about the growth of poverty in this country by you…

–The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

–In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.

–46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

–The number of homeless children in the U.S. has increased by 60 percent over the past six years.

–According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

That last number really gets me every time.

How can “the wealthiest and most powerful nation on the planet” have more than a million homeless children?

This is one of the reasons why I hammer on our ongoing economic collapse over and over and over.  It is affecting real families with real children that have real hopes and real dreams.

This is not the way our country is supposed to work.

It is supposed to be “the land of opportunity”.

It is supposed to be a place where anyone can live “the American Dream”.

But instead it has become an economic wasteland where the largest and most prosperous middle class in the history of the world is being systematically eviscerated.

So no, the U.S. economy is not doing “just fine” – anyone that tries to tell you that lie is simply peddling fiction.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.*

Podcast: Corporate Earnings (Among Other Things) Go From Bad To Horrendous

Posted: 20 Apr 2016 08:28 PM PDT

Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche Bank prepares to name names in its gold manipulation scandal. And US stocks keep rising…what’s wrong with this picture?

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Precious Metals Video Update: Gold Stocks Reverse but Will it Last?…4.20.2016

Posted: 20 Apr 2016 04:41 PM PDT

A look at Gold and Gold Stocks with some short term and medium term expectations.

 

Breaking News Links And Open Thread — April 21

Posted: 20 Apr 2016 07:19 AM PDT

Really bad numbers from China. US earnings season is a mess so far (we’re looking at you, IBM, Morgan Stanley and Goldman). US growth slows further. OPEC’s production freeze fails but oil prices stabilize. Gold and silver are up again. Trump and Clinton win New York. Deutsche Bank will soon start naming names.   Best […]

Top Ten Videos

Posted: 20 Apr 2016 06:37 AM PDT

Jim Rickards on the new case for gold. Mike Maloney on Deutsche Bank’s gold rigging scheme and what a flattening yield curve means for the markets. Rick Rule on how to find the next junior miner ten-baggers. Eric Hunsader on why the markets are more corrupt than ever before.
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