Sunday, May 29, 2016

Gold World News Flash

Gold World News Flash


Posted: 28 May 2016 09:55 PM PDT


With precious metal mining stocks finally taking a breather on Tuesday after a huge run up so far in 2016, we invited Bryan Slusarchuk, the President of K92 Mining Inc. to tell us about the upcoming IPO of this soon to be well known new gold producer. With Eric Sprott reportedly investing tens of millions into the junior mining stocks space, the timing appears to be right to leverage the inevitable rise in the global gold price with gold and silver producers.

Bryan says that central banker collusion will cause all paper currencies to lose their value and he predicts that citizens of the United States may soon understand what Venezuelans are now beginning to know: That a hyperinflationary collapse of a nation’s currency is a nightmare, and only those who have planned well for it will survive. “You have central banker collusion supporting one another’s paper currencies with more worthless paper currency reserves, that just doesn’t end well. That’s why it’s so important that investors consider gold and silver as part of their investment strategy,” Slusarchuk says.

IMF Warns Brexit Would Crash Stock Market and COLLAPSE Real Estate

Posted: 28 May 2016 09:00 PM PDT

A Prayer for Holy Rus: The Deeper Meaning of Putin and Patriarch Kirill at Athos

Posted: 28 May 2016 07:30 PM PDT

from Rogue Money:

Russian President Vladimir Putin and the Patriarch of Moscow and all the Russias Kirill (Gundyayev) are celebrating the Divine Liturgy at Mount Athos in Greece Saturday to commemorate the 1,000th anniversary of a Russian monastic presence on the Holy Mountain.

Unlike Putin’s visit in 2005 when he became the first Russian head of state to visit the ancient monastic republic, this visit comes at a time when Europe is faced with a migratory and economic crisis, in the shadow of a rumored war with Russia.

Eurasianist ideologue Alexandr Dugin announced at the website of his think tank Katehon that the services with Patriarch Kirill will be broadcast live from Athos beginning at 13:00 Moscow time on Saturday, May 28. For those RogueMoney readers who have a high speed Internet connection, the link to watch live at Tsargrad TV’s Russian language channel is here (note: we will update this post with video to insert in this space when it appears online).

For an introduction to Mt. Athos and the Orthodox Christian monastic way of life there that has continued unbroken by wars, pirates or rulers’ depredations for at least twelve centuries, watch the CBS 60 Minutes documentary from 2011 with the late reporter Bob Simon here, with ‘trailers’ for this highly recommended program below:

Athos and the Symbolism of Neo-Tsarist Symphonia in Russia

That Putin would need a spiritual and physical retreat from the pressures of Moscow at a time like this is not surprising. While Russia has withstood the pressures of economic sanctions and seemingly limitless information warfare while fighting proxy wars in Ukraine and Syria, the cracks in society are starting to show.

Real hardships for working and middle class Russians due to the general global economic crisis, the collapse in trade with Europe and oil price slump are increasingly evident. However, a spirit of resistance to globalism, to the degradation and nihilism post-Western societies offer the world is also evident, with a growing number of Russians participating in the life of the Orthodox Church and new temples going up all over Moscow and other major cities.

The Russia Analyst claims no insights into the state of Mr. Putin’s soul, but even some of Vladimir Vladimirovich’s fierce critics like ex-NSA analyst John R. Schindler acknowledge that his adult return to the Orthodox Christianity of his secret baptism as an infant in the officially atheistic USSR may be authentic. The symbolism of the Patriarch and Putin visiting the Holy Mountain at the same time is clear: without contradicting the Russian Federation’s Constitution which establishes a secular state, Putin is affirming the ancient Byzantine Roman idea of symphonia, that is the State and Church working together for the spiritual and physical benefit of the people. Clearly this is a notion that predates Enlightenment ideas of a purely secular state or the oft-repeated phrase ‘separation of Church and State’ in America.

Hardliners’ Influence? Putin’s Rhetoric on NATO Gets Tougher

What is also evident from the visit of the Russian Patriarch and President to the Holy Mountain is that their pilgrimage, not visits with Greece’s elected leader Prime Minister Alexis Tsipras, are the highlight of the trip. Nonetheless, Putin found the time during his press conference with Tsipras to remind the governments of Romania and Poland that hosting elements of a U.S. ballistic missile defense system (one that as we’ve discussed here, has offensive capabilities via Tomahawk-cruise missile capable launch tubes) makes them targets for Russia’s growing arsenal of hypersonic and supersonic missiles.

Putin’s tougher rhetoric about Russia being prepared to counter and if necessary take out the NATO BMD system, as well as the calls by the powerful chief of the country’s Investigative Committee (the rough equivalent to the director of the FBI) Alexander Bastrykin for Internet censorship and abandonment of what he calls “false democracy” in the face of U.S. and NATO hybrid warfare against Moscow’s national sovereignty are indeed ominous signs that the Kremlin is increasingly fed up with what it sees as Washington’s provocations.

Like Putin’s grey cardinal retired KGB/SVR Lt. Gen. Leonid Reshetnikov, Bastrykin has called for the introduction of a “national idea” in Russia that would “ideological education” of the young to ensure "destabilization won't happen even with the most generous external funding”. Bolstering Orthodox Christianity alongside Russian patriotism and Eurasianist ideals for the non-Orthodox Christians from Russia’s extensive Muslim or Buddhist populations would be part of any coherent program of the type Reshetnikov or Bastrykin envision.

Such ideological indoctrination, in the minds of Reshetnikov or Bastrykin, would also serve the deterrence function of making clear to Russia’s enemies in the post-Western capitals that Moscow is increasingly ready for war, whereas Europe and America’s increasingly decadent populations are not prepared to endure the hardships (including radioactive fallout or at least massive casualties from a conflict that miraculously doesn’t go nuclear) that might come with an actual shooting warfare rather than just another cold war.

Of course, not everyone among the Russian elite or Moscow’s prospective partners in Europe wants to go down that road, and many remain optimistic that peace and commerce will prevail over war and subversion. For his part, Tsipras called for visa-free travel for Russians to the EU to promote tourism to Greece and said, “European security cannot be achieved without cooperation and dialogue with Russia…I don’t believe that we can move forward or ensure compliance with international law while caught in a vicious circle of sanctions, militarization and Cold War rhetoric." But as former MI6 agent Alastair Crooke warned this month in the Huffington Post, “Putin is Being Pushed to Abandon his Conciliatory Approach to the West and Prepare for War”.

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How Russia Is Preparing For WWIII

Posted: 28 May 2016 07:00 PM PDT

Authored by The Saker,

I have recently posted a piece in which I tried to debunk a few popular myths about modern warfare. Judging by many comments which I received in response to this post, I have to say that the myths in question are still alive and well and that I clearly failed to convince many readers. What I propose to do today, is to look at what Russia is really doing in response to the growing threat from the West. But first, I have to set the context or, more accurately, re-set the context in which Russia is operating. Let’s begin by looking at the AngloZionist policies towards Russia.

The West’s actions:

First on this list is, obviously, the conquest by NATO of all of Eastern Europe. I speak of conquest because that is exactly what it is, but a conquest achieved according to the rules of 21st century warfare which I define as “80% informational, 15% economic and 5% military”. Yes, I know, the good folks of Eastern Europe were just dreaming of being subjugated by the US/NATO/EU/etc – but so what? Anyone who has read Sun Tzu will immediately recognize that this deep desire to be ‘incorporated’ into the AngloZionist “Borg” is nothing else but the result of a crushed self-identity, a deep-seated inferiority complex and, thus, a surrender which did not even have to be induced by military means. At the end of the day, it makes no difference what the locals thought they were achieving – they are now subjects of the Empire and their countries more or less irrelevant colonies in the fringe of the AngloZionist Empire. As always, the local comprador elite is now bubbling with pride at being, or so they think, accepted as equals by their new masters (think Poroshenko, Tusk or Grybauskaite) which gives them the courage to bark at Moscow from behind the NATO fence. Good for them.

Second is the now total colonization of Western Europe into the Empire. While NATO moved to the East, the US also took much deeper control of Western Europe which is now administered for the Empire by what the former Mayor of London once called the “great supine protoplasmic invertebrate jellies” – faceless bureaucrats à la François Hollande or Angela Merkel.

Third, the Empire has given its total support to semi-demonic creatures ranging from al-Khattab to Nadezhda Savchenko. The West’s policy is crystal clear and simple to the extreme: if it is anti-Russian we back it. This policy is best exemplified with a Putin and Russia demonization campaign which is, in my opinion, far worse and much more hysterical than anything during the Cold War.

Fourth, the West has made a number of highly disturbing military moves including the deployment of the first elements of an anti-missile system in Eastern Europe, the dispatching of various forms of rapid reaction forces, the deployment of a few armored units, etc. NATO now has forward deployed command posts which can be used to support the engagement of a rapid reaction force.

What does all this add up to?

Right now, nothing much, really. Yes, the NATO move right up to the Russian borders is highly provocative, but primarily in political terms. In purely military terms, not only is this a very bad idea (see cliché #6 here), but the size of the actual forces deployed is, in reality, tiny: the ABM system currently deployed can, at best, hope to intercept a few missiles (10-20 depending on your assumptions) as for the conventional forces they are of the battalion size (more or less 600 soldiers plus support). So right now there is categorically no real military threat to Russia.

So why are the Russians so clearly upset?

Because the current US/NATO moves might well be just the first steps of a much larger effort which, given enough time, might begin presenting a very real danger for Russia.

Furthermore, the kind of rhetoric coming out of the West now is not only militaristic and russophobic, it is often outright messianic. The last time around the West had a flare up of its 1000 year old chronic “messianic syndrome” condition Russia lost 20 (to 30) million people. So the Russians can be forgiven if they are paying a great deal of attention to what the AngloZionist propaganda actually says about them.

The Russians are most dismayed at the re-colonization of western Europe. Long gone are the days when people like Charles de Gaulle, Helmut Schmidt or François Mitterrand, were in charge of Europe’s future. For all their very real faults, these men were at least real patriots and not just US colonial administrators. The ‘loss’ of Western Europe is far more concerning for the Russians than the fact that ex-Soviet colonies in Eastern Europe are now under US colonial administration. Why?

Look at this from the Russian point of view.

The Russians all see that the US power is on the decline and that the dollar will, sooner or later, gradually or suddenly, lose its role as the main reserve and exchange currency on the planet (this process has already begun). Simply put – unless the US finds a way to dramatically change the current international dynamic the AngloZionist Empire will collapse. The Russians believe that what the Americans are doing is, at best, to use tensions with Russia to revive a dormant Cold War v2 and, at worst, to actually start a real shooting war in Europe.

So a declining Empire with a vital need for a major crisis, a spineless Western Europe unable to stand up for its own interest, a subservient Eastern Europe just begging to turn into a massive battlefield between East and West, and a messianic, rabidly russophobic rhetoric as the background for an increase in military deployments on the Russian border. Is anybody really surprised that the Russians are taking all this very, very serious even if right now the military threat is basically non-existent?

The Russian reaction

So let us now examine the Russian reaction to Empire’s stance.

First, the Russians want to make darn sure that the Americans do not give in to the illusion that a full-scale war in Europe would be like WWII which saw the US homeland only suffer a few, tiny, almost symbolic, attacks by the enemy. Since a full scale war in Europe would threaten the very existence of the Russian state and nation, the Russians are now taking measures to make darn sure that, should that happen, the US would pay an immense price for such an attack.

Second, the Russians are now evidently assuming that a conventional threat from the West might materialize in the foreseeable future. They are therefore taking the measures needed to counter that conventional threat.

Third, since the USA appears to be dead set into deploying an anti-ballistic missile system not only in Europe, but also in the Far East, the Russians are taking the measures to both defeat and bypass this system.

The Russian effort is a vast and a complex one, and it covers almost every aspect of Russian force planing, but there are four examples which, I think, best illustrate the Russian determination not to allow a 22 June 1941 to happen again:

  • The re-creation of the First Guards Tank Army (in progress)
  • The deployment of the Iskander-M operational-tactical missile system (done)
  • The deployment of the Sarmat ICBM (in progress)
  • The deployment of the Status-6 strategic torpedo (in progress)

The re-creation of the First Guards Tank Army

It is hard to believe, but the fact is that between 1991 and 2016 Russia did not have a single large formation (division size and bigger) in its Western Military District. A few brigades, regiments and battalions which nominally were called an “Army”. To put it simply – Russia clearly did not believe that there was a conventional military threat from the West and therefore she did not even bother deploying any kind of meaningful military force to defend from such a non-existing threat. By the way, that fact should also tell you everything you need to know about Russian plans to invade the Ukraine, Poland or the Baltics: this is utter nonsense. This has now dramatically changed.

Russia has officially announced that the First Guards Tank Army (a formation with a prestigious and very symbolic history). This Guards Tank Army will now include the 4th “Kantemirov” Guards Tank Division, the 2nd “Taman” Guards Motorized Rifle Division, the 6th Tank Brigade, the 27th Guards Motor Rifle Brigade Sevastopol and many support units. This Army’s HQ will be located in the Odinstovo suburb of Moscow. Currently the Army is equipped with T-72B3 and T-80 main battle tanks, but they will be replaced by the brand new and revolutionary T-14 Armata tank while the current infantry fighting vehicles and armored personnel carriers will be replaced by the new APC and IFV. In the air, these armored units will be protected and supported by Mi-28 and Ka-52 attack helicopters. Make no mistake, this will be a very large force, exactly the kind of force needed so smash through an attacking enemy forces (by the way, the 1TGA was present at the Kursk battle). I am pretty sure that by the time the 1TGA is fully organized it will become the most powerful armored formation anywhere between the Atlantic and the Urals (especially in qualitative terms). If the current tensions continue or even worsen, the Russians could even augment the 1TGA to a type of 21st century “Shock Army” with increased mobility and specializing in breaking deep into the enemy’s defenses.

The deployment of the Iskander-M operational-tactical missile system

The new Iskander-M operational tactical missile system is a formidable weapon by any standard. While technically it is a short-range tactical missile (under 1000km range, the Iskander-M has an official range of 500km), it can also fire the R-500 missile has the capability of striking at an intermediate/operational range (over 1000km, the R-500 has a range of 2000km). It is extremely accurate, it has advanced anti-ABM capabilities, it flies at hypersonic speeds and is practically undetectable on the ground (see here for more details). This will be the missile tasked with destroying all the units and equipment the US and NATO have forward-deployed in Eastern Europe and, if needed, clear the way for the 1TGA.

The deployment of the Sarmat ICBM

Neither the 1TGA nor the Iskander-M missile will threaten the US homeland in any way. Russia thus needed some kind of weapon which would truly strike fear into the Pentagon and White House in the way the famous RS-36 Voevoda (aka SS-18 “Satan” in US classification) did during the Cold War. The SS-18, the most powerful ICBM ever developed, was scary enough. The RS-28 “Sarmat” (SS-X-30 by NATO classification) brings the terror to a totally new level.

The Sarmat is nothing short of amazing. It will be capable of carrying 10-15 MIRVed warheads which will be delivered in a so-called “depressed” (suborbital) trajectory and which will remain maneuverable at hypersonic speeds. The missile will not have to use the typical trajectory over the North Pole but will be capable of reaching any target anywhere on the planet from any trajectory. All these elements combined will make the Sarmat itself and its warheads completely impossible to intercept.

The Sarmat will also be capable of delivering conventional Iu-71 hypersonic warheads capable of a “kinetic strike” which could be used to strike a fortified enemy target in a non-nuclear conflict. This will be made possible by the amazing accuracy of the Sarmat’s warheads which, courtesy of a recent Russian leak, we now know have a CEP of 10 meters (see screen capture)


The Sarmat’s silos will be protected by a unique “active protection measures” which will include 100 guns capable of firing a “metallic cloud” of forty thousand 30mm “bullets” to an altitude of up to 6km. The Russians are also planning to protect the Sarmat with their new S-500 air defense systems. Finally, the Sarmat’s preparation to start time will be under 60 seconds thanks a a highly automated launch system. What this all means is that the Sarmat missile will be invulnerable in its silo, during it’s flight and on re-entry in the lower parts of the atmosphere.

It is interesting to note that while the USA has made a great deal of noise around its planned Prompt Global Strike system, the Russians have already begun deploying their own version of this concept.

The deployment of the Status-6 strategic torpedo

Do you remember the carefully staged “leak” in November of last year when the Russians ‘inadvertently’ showed a super dooper secret strategic torpedo on prime time news? Here is this (in)famous slide:


What is shown here is an “autonomous underwater vehicle” which has advanced navigational capabilities but which can also be remote controlled and steered from a specialized command module. This vehicle can dive as deep as 1000m, at a speed up to 185km/h and it has a range of up to 10’000km. It is delivered by specially configured submarines.

The Status-6 system can be used to target aircraft carrier battle groups, US navy bases (especially SSBN bases) and, in its most frighting configuration, it can be used to deliver high-radioactivity cobalt bombs capable of laying waste to huge expanses of land. The Status-6 delivery system would be a new version of the T-15 torpedo which would be 24m long, 1,5m wide weigh 40 tons and capable of delivering a 100 megaton warhead which would make it twice as powerful as the most powerful nuclear device ever detonated, the Soviet Czar-bomb (57 megatons). Hiroshima was only 15 kilotons.

Keep in mind that most of the USA’s cities and industrial centers are all along the coastline which makes them extremely vulnerable to torpedo based attacks (be it Sakharov’s proposed “Tsunami bomb” or the Status-6 system). And, just as in the case of the Iskander-M or the Sarmat ICBM, the depth and speed of the Status-6 torpedo would make it basically invulnerable to incerception.

*  *  *


There is really nothing new in all of the above, and US military commanders have always known that. All the US anti-ballistic missile systems have always been primarily a financial scam, from Reagan’s “Star Wars” to Obama’s “anti-Iranian ABM”. For one thing, any ABM system is susceptible to ‘local saturation': if you have X number ABM missile protecting a Y long space against an X number of missiles, all that you need to do is to saturate only one sector of the Y space with *a lot* of real and fake missiles by firing them all together through one small sector of the Y space the ABM missile system is protecting. And there are plenty of other measures the Russians could take. They could put just one single SLBM capable submarine in Lake Baikal making it basically invulnerable. There is already some discussion of that idea in Russia. Another very good option would be to re-activate the Soviet BzhRK rail-mobile ICBM. Good luck finding them in the immense Russian train network. In fact, the Russians have plenty of cheap and effective measure. Want me to list one more?


Take the Kalibr cruise-missile recently seen in the war in Syria. Did you know that it can be shot from a typical commerical container, like the ones you will find on trucks, trains or ships? Check out this excellent video which explains this:

Just remember that the Kalibr has a range of anywhere between 50km to 4000km and that it can carry a nuclear warhead. How hard would it be for Russia to deploy these cruise missiles right off the US coast in regular container ships? Or just keep a few containers in Cuba or Venezuela? This is a system which is so undetectable that the Russians could deploy it off the coast of Australia to hit the NSA station in Alice Springs if they wanted, an nobody would even see it coming.

The reality is that the notion that the US could trigger a war against Russia (or China for that matter) and not suffer the consequences on the US mainland is absolutely ridiculous. And yet, when I hear all the crazy talk by western politicians and generals I get the impression that they are forgetting about this undeniable fact. Frankly, even the current threats against Russia have a ‘half-backed’ feel to them: a battalion here, another one there, a few missiles here, a few more there. It is like the rulers of the Empire don’t realize that it is a very, very bad idea to constantly poke a bear when all you are carrying with you is a pocket-knife. Sometimes the reaction of western politicians remind me of the thugs who try to rob a gas station with a plastic or empty gun and who are absolutely stunned with they get gunned down by the owner or the cops. This kind of thuggery is nothing more than a form of “suicide by cop” which never ends well for the one trying to get away with it.

So sometimes things have to be said directly and unambiguously: western politicians better not believe in their own imperial hubris. So far, all their threats have achieved is that the Russians have responded with a many but futile verbal protests and a full-scale program to prepare Russia for WWIII.

As I have written many times, Russians are very afraid of war and they will go out of their way to avoid it. But they are also ready for war. This is a uniquely Russian cultural feature which the West has misread an innumerable number of time over the past 1000 years or so. Over and over again have the Europeans attacked Russia only to find themselves into a fight they would never have imagined, even in their worst nightmares. This is why the Russians like to say that “Russia never starts wars, she only ends them”.

There is a profound cultural chasm between how the West views warfare and how the Russians do. In the West, warfare is, really, “the continuation of politics by other means”. For Russians, it is a ruthless struggle for survival. Just look at generals in the West: they are polished and well mannered managers much more similar to corporate executives than with, say, Mafia bosses. Take a look at Russian generals (for example, watch the Victory Day parade in Moscow). In comparison to their western colleagues they look almost brutish, because first

Market Report: PMs Consolidating Further

Posted: 28 May 2016 05:30 PM PDT

by Alasdair Macleod, GoldMoney:

Gold and silver drifted lower this week, dollar prices falling approximately 2.5% and 1.5% respectively.

It is a continuation of the previous week's trend, which saw larger falls. To date, from 1st January the dollar price of gold this morning in early European trade is up 15.14%, and silver 17.7%. So even though prices have fallen this month, holders of precious metals have done better than those exposed to other asset classes.

A notable feature has been the sharp contraction of gold's open interest on Comex, which over the last eight trading sessions has contracted 71,400 contracts to a more normal 525,094 figure. This contraction broadly correlates with the fall in the gold price, as shown in our second chart.

The relationship between price and open interest shows that the ramp-up at the end of April, having initially failed to stop the price rising, managed to suppress it from the 4th May onwards. As an operation to stop the gold price rising, it appears that the bullion banks not only succeeded, but made substantial profits as well, closing their bears from the $1275 level into a falling market from 17th May onwards. This is beautifully illustrated in the next chart, of net swap positions, which rose to a record net negative 141,232 contracts on 17th May (the last recorded date at the time of writing).

At a guess, this category alone will have reduced its net position by about 50,000 contracts since 17th May / $1279, making profits between $150-200m. Oh, for the joys of being able to print short contracts without limitation!

The position in silver is notably different, with silver remaining overbought and open interest hardly reducing at all. This is shown in the next chart.

Notice the divergence between price and open interest. OI has fallen only 5,500 contracts since 17th May, while the price has dropped 8%. Could it be that the swaps will target silver next?

It cannot be ruled out, because the hedge funds are still net long to a significant degree. However, in day-to-day trading, silver has recently held up well when gold has been weak, which might indicate a pick-up in industrial demand, relative to physical supply, at current levels.

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We are at The Edge of Meltdown

Posted: 28 May 2016 04:30 PM PDT

by Martin Armstrong, Armstrong Economics:

We will have the BREXIT report out next week. This is incredibly important for the fate of Europe hangs in the balance. Politicians are only interested in saving their own jobs. They do not care about the people and the markets reflect this arrogance.

Nobody has seen a chart of the Euro v British Pound since the floating rate system began. We had to take the formula used and recreate it in time. You cannot use the ECU because the pound was included. This shows the dramatic high the Euro made against the pound in 1985. Even during the rally of 2008 when the Euro reached $1.60 on the greenback, it looks like a minor blip on this chart against the pound sterling. In 2015, the Euro fell to .6937 against the pound and then rallied to close at .73750. We have a Yearly Bearish Reversal at .73450 which it avoided like many other markets for year-end 2015. If we elect this Yearly Bearish Reversal, this is warning new lows even against the British pound.

We are standing at the edge of a cliff in the middle of an ice age where government is trying to control the media, polls, rate agencies, you name it, all to try to manipulate society to serve their own goals. The bureaucracy today would easily start a war to retain power. That is what they do. We are the great unwashed and collateral damage is part of life for them. We can see a possible bright future if we can really reform government. But they will never surrender willingly. We have to crash and burn to reach the other side,

Everything from gold and oil to the Dow and the euro are all trying to alert us there is something brewing here as we stand at the edge in the middle of nowhere. It is time to wake up before it is too late. We have to see the world markets are all connected and screaming at us, but the majority only focus on one or two markets and never see the wildcard coming from the other side.

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Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying

Posted: 28 May 2016 02:56 PM PDT

Last September (when bitcoin was trading at $230) we said that "As China Scrambles To Enforce Capital Controls, This Is Great News For Bitcoin" and that it is only a matter of time before Chinese buyers figure out that in a world in which the freeflow of capital out of China is increasingly more suppressed and where physical gold is actively being stored in China but is next to impossible to get it out of the country, it is only a matter of time before bitcoin explodes as China's bubble berserk population scrambles to buy.

One month ago, we showed a chart according to which it was almost time for the bitcoin breakout, in "Is Bitcoin About To Soar?" At the time bitcoin was trading in the low $400s.

Then, just yesterday, something snapped, and as we reported "Bitcoin Surges To 2016 Highs On Rising Chinese Demand."

It is unclear if that something is fears about an imminent round of Chinese devaluation following Friday's dramatic move higher in the US Dollar, something we also hinted at on Friday afternoon...

... or simply because China's $30 trillion in deposits had finally found the most efficient way to get their funds out of the country.

Whatever the reason, moments ago - as we expected - bitcoin finally broke out of its long-term range, and was trading at $520 moments ago on Coinbase...

... the highest price it has hit since the summer of 2014.


What is the reason for this dramatic move higher? It appears to be coming out of China, because moments ago Bitcoin traded in CNY on the Huobi exchange soared as high as 3820, or over $580, implying a massive local-demand driven arb to the US price of "only" $520.

It looks like the Chinese have finally awoken to bitcoin, just as we expected them to last September, when the price of bitcoin was over 50% lower.

With bitcoin now 100% higher than when we first said China would send it soaring,and 15% higher in the past two days, why do we remain in the bullish camp? Simple: China has $30 trillion in deposits - which concerns about devaluations will make very "flighty" while the market cap of bitcoin is under $8 billion. If Chinese depositors have finally figured out to use bitcoin to get their funds out of the country, watch out BTC shorts.

How Powerful Is Wall Street?

Posted: 28 May 2016 10:16 AM PDT

Wall Street banks have more assets than most countries and that kind of money can be very powerful. So how much influence does Wall Street have on the world? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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Karen Hudes The truth about International Finance

Posted: 28 May 2016 09:41 AM PDT

Karen Hudes The truth about International Finance The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Finally Peter Schiff Explains Why The Economy Will Certainly Collapse on 28 May 2016

Posted: 28 May 2016 09:15 AM PDT

 Finally Peter Schiff Explains Why The Economy Will Certainly Collapse on 28 May 2016 .No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other...

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Gerald Celente -- Strong Markets + Weak Data = High Volatility

Posted: 28 May 2016 08:43 AM PDT

Gerald Celente - Trends In The News - "Strong Markets + Weak Data = High Volatility" - (5/25/16) "ECB warns of populist threat to stability", a rising dollar continues to shake up the equity markets & "Cuba to legalize thousands of small/medium sized businesses". The Financial...

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Posted: 28 May 2016 07:11 AM PDT

How does the so-called 'cashless society' affect you? Gerald Celente explains with Gary Franchi on the Next News Network. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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Gold And Silver – At Significant Support. New “Story” Developing

Posted: 28 May 2016 03:42 AM PDT

With the holiday weekend, the focus will be on charts only for, ultimately, they reveal the truest story of what is developing in any market. There is one more trading day in May, next Tuesday, but we are using ending data from Friday, the 27th, for the monthly charts. The rally in both gold and silver has been a significant change in market behavior, and these changes are telling the world that the decline from 2011 may have ended. We note the ending action at 1, on the monthly chart. Besides the obvious support and resistance areas, what stands out are the two high volume months when price closed lower each time, once in March, and now for May.

Deflation Is A Direct Result Of Our Attempts To Create Inflation Through Easy Money!

Posted: 28 May 2016 03:35 AM PDT

John Rubino of and FRA Co-founder, Gordon T. Long discuss the effects of the rise in eCommerce along with the rise of technology and the consequences we are facing from flawed perceptions of financial authorities. John Rubino is author of Clean Money: Picking Winners in the Green Tech Boom (Wiley, December 2008), co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, January 2008), and author of How to Profit from the Coming Real Estate Bust (Rodale, 2003). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine and edits and

The Next Systemic Lehman Event - New Scheiss Dollar & Gold Trade Standard

Posted: 27 May 2016 09:25 AM PDT

The entire Western financial systemic, complete with USDollar-based foundation platforms, is breaking down. The breakdown is in full view, very noticeable, in almost every arena. What happened in 2008 with the Lehman Brothers failure event is currently underway with almost every single financial platform, structural entity, financial market, banking structure, and arena. In response to the Lehman killjob event, where JPMorgan and Goldman Sachs strangled the victim firm (by denying Lehman proceeds on countless asset sales), the entire Western financial system has been lashed together, tied together, and connected among its many member parts. The main parts are the big banks, which use derivative contracts to lash themselves together. They believe there is strength in numbers, which is true to some extent. But the consequence turns out to be that all will fail at the same time in a cascade of insolvent marred by illiquidity while steeped in corruption and market rigging. The breakdown could be described as having begun in full force, in earnest power, at the start of this 2016 year. This is the year of systemic failure, or financial breakdown, and of revelations of important crimes for the last generation or more. The revelations are against the Western power centers for their grand criminal activities. The East, by favoring a Gold Standard, has put the West on notice for exposure, if not prosecution. The gold weapon has power in its arbiter role in commerce, banking, and economies. No nation will be spared from the urgent nasty effects of being forced to achieve trade balance.

Energy and Debt Crisis Point to Much Higher Silver, Metals Prices

Posted: 27 May 2016 09:19 AM PDT

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Steve St. Angelo of the SRSrocco Report.  Steve shares his top-notch research with our listeners on some alarming trend changes in silver supply and explains how and why the debt bubble is eventually going to burst and why he believes gold and silver will be the assets to own when it all unravels.  Don’t miss an incredibly enlightening and eye-opening interview with Steve St. Angelo coming up after this week’s market update.

Gold Junior Stocks Q1 2016 Fundamentals

Posted: 27 May 2016 09:06 AM PDT

The smaller gold-mining and exploration stocks have enjoyed an amazing year, soaring with gold’s new bull market.  Many have more than doubled since mid-January, and some have more than tripled at best in that short span.  Are such spectacular gains fundamentally-justified, or merely the result of ephemeral sentiment that could vanish anytime?  The gold juniors’ recently-reported Q1’16 results offer great insights. The junior gold miners and explorers play a critical role in the world gold market.  They bear the major costs and risks associated with discovering and sometimes developing new economically-viable gold deposits.  They painstakingly find the new gold reserves to offset the constant depletion of the world’s existing gold mines, acting as the headwaters feeding the global mined-gold-supply pipeline vital to this industry.

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