Sunday, May 22, 2016

saveyourassetsfirst3

saveyourassetsfirst3


Nigeria: An OPEC Country On The Brink Of Collapse

Posted: 22 May 2016 11:09 AM PDT

GLD - The Beginning Of The Long Term Bull Cycle

Posted: 22 May 2016 09:08 AM PDT

Alasdair Macleod’s Market Report: Interest Rate Scare

Posted: 22 May 2016 09:00 AM PDT

Gold and silver had a down week, correcting some of their overbought condition. It’s obvious that after a run up of $250 from the December lows, some price consolidation would be natural. The consolidation so far has only been relatively minor, testing the 55-day moving average currently at $1250, with real support coming in at the […]

The post Alasdair Macleod’s Market Report: Interest Rate Scare appeared first on Silver Doctors.

ZAR Gold Price Signals A September 2001-Type Event In The Financial Markets

Posted: 22 May 2016 05:16 AM PDT

Gold Price Forecast 2016: The gold price in South African Rand (ZAR) is often a leading indicator for a USD gold price rally, as well as major trouble in the financial markets. A good example of this was around August/September 2001, just before the September 2001 crash (which turned out to be a major turning…

Silver Miners’ Current Fundamentals: Impressive!

Posted: 21 May 2016 09:01 PM PDT

The world's elite silver miners just finished reporting their operating results from 2016's first quarter, and they were impressive…     Submitted by Adam Hamilton, Zeal: This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December's deep secular low.  The silver miners are beautifully positioned to enjoy […]

The post Silver Miners’ Current Fundamentals: Impressive! appeared first on Silver Doctors.

Deutsche Bank Could Collapse Entire Banking System | Jim Willie

Posted: 21 May 2016 03:00 PM PDT

In March of 2007, Bear Stearns was the initial trigger in a cascade of events that nearly took down Goldman, JPMorgan, and the entire global financial system.  In this MUST LISTEN interview, Golden Jackass Jim Willie who warned last year that if Deutsche Bank goes under it will be Lehman x 5, issues an urgent warning […]

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STUNNER: Saudis Forcing US Navy to Use SILVER BULLION to Pay For Fuel! – Jim Willie

Posted: 21 May 2016 01:30 PM PDT

“The dollar devaluation is right around the corner!…The US Navy in the Persian Gulf is already being forced by the Saudis to use SILVER BULLION to purchase fuel!“ Hat Trick Letter Editor Jim Willie joins the Power Hour for one of his most shocking interviews EVER on this Absolute Game Changing Development for the Dollar: […]

The post STUNNER: Saudis Forcing US Navy to Use SILVER BULLION to Pay For Fuel! – Jim Willie appeared first on Silver Doctors.

Breaking News And Best Of The Web — May 22

Posted: 19 May 2016 06:34 PM PDT

Global stocks recover. Gold and silver stabilize. US angers China with huge steel tariff. The data indicates no Fed rate increase in June. Saudi Arabia starts acting like Chicago, paying bills with IOUs. Brexit, The Movie, crushes the European project and a former European spymaster wonders if the EU has “run its course”. China's debt […]

This Is How Bad It Really Is!

Posted: 06 May 2016 04:35 AM PDT

Silver Price Forecast: The 1929 Dow crash marked the start of the infamous Great Depression. We currently have a repeat of the pattern that led to that great crash in 1929. This pattern is basically a huge stock market rally (after a period of stagnation) that is driven by a huge expansion of the money…

Gold Price Drifting Lower after Key Reversal

Posted: 05 May 2016 04:05 PM PDT

Puerto Rico Bonds – Is this Only the First Bomb to Drop?

Posted: 05 May 2016 08:10 AM PDT

Puerto Rico Bonds - Is this Only the First Bomb to Drop?

Puerto Rico Bonds - Is it the first bomb to drop in the Bond Bubble Collapse Michael Pento predicted in an earlier interview here on >www.preciousmetalsinvesting.com. Michael Predicted this in his book "The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market."
In this interview Ted Sudol talks with Paul Mladjenovic, author of Stock Investing for Dummies about the big story in the news - the Puerto Rico Bond Default. We have been hearing rumblings about the possible debt default in Puerto Rico but we have also been hearing about other posible defaults. Atlantic City, New Jersey is almost out of cash and near default. When the casinos first came into Atlantic City and cash was flowing in to government coffers it was spent lavishly. When the economics turned down the government expenditures continued to outstrip the money coming in. The formula for a default is all to common and easily recognized. Spending that outstrips revenue coming in. Since politicians like spending money and telling all of their constituents they can have everything the die is cast. Politicians keep kicking the can down the road for someone else to solve the problem and meanwhile the debt keeps growing.

Puerto Rico Bond Default - Is it the first bomb to drop in the Bond Bubble Collapse Michael Pento predicted in an earlier interview here on http://www.preciousmetalsinvesting.com. Michael Predicted this in his book "The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market."
In this interview Ted Sudol talks with Paul Mladjenovic, author of Stock Investing for Dummies about the big story in the news - the Puerto Rico Debt Default. We have been hearing rumblings about the possible debt default in Puerto Rico but we have also been hearing about other posible defaults. Atlantic City, New Jersey is almost out of cash and near default. When the casinos first came into Atlantic City and cash was flowing in to government coffers it was spent lavishly. When the economics turned down the government expenditures continued to outstrip the money coming in. The formula for a default is all to common and easily recognized. Spending that outstrips revenue coming in. Since politicians like spending money and telling all of their constituents they can have everything the die is cast. Politicians keep kicking the can down the road for someone else to solve the problem and meanwhile the debt keeps growing. We learn of lots of other potential defaults in the news. Atlantic City, New Jersey is running out of cash and facing default. What happened here? When tha casinos first came in the money was flowing in to government coffers. Did they save any for a cushion. No like most politicians they spent like drunken sailors and when the bill due they kicked the can down the road for others to clean up their mess. Does this sound like a familiar story? Unfortunately yes! When the debt burden becomes too much to bear the inevitable almost always occurs - default.
We hear that Greece may be facing a default this summer, Detroit may face bankruptcy and the list goes on. I read a story by a noted independent think tank. They did an analysis and came with a list of 20 countries whose debt was unsustainable and they would never be able to pay back.

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The post Puerto Rico Bonds – Is this Only the First Bomb to Drop? appeared first on PreciousMetalsInvesting.com.

Gold and Silver Companies with the Potential to Move the Needle

Posted: 05 May 2016 01:00 AM PDT

The two times mining companies add the most value are upon first discovery and when they are nearing development and production. Joe Reagor of ROTH Capital Partners focuses on the latter group, and...

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Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

Posted: 04 May 2016 07:35 PM PDT

Union Pacific Engines - Google EarthWe continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis.  Well, now we are getting some very depressing numbers from the rail industry.  As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April.  That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now.  This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation.

One of the economic commentators that I have really come to respect is Wolf Richter of WolfStreet.com.  He has a really sharp eye for what is really going on in the economy and in the financial world, and I find myself quoting him more and more as time goes by.  If you have not checked out his site yet, I very much encourage you to do so.

On Wednesday, he posted a very alarming article about what is happening to our rail industry.  The kinds of numbers that we have been seeing recently are the kinds of numbers that we would expect if an economic depression was starting.  The following is an excerpt from that article

Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units.

The coal industry is in a horrible condition and cannot compete with US natural gas at current prices. Coal-fired power plants are being retired. Demand for steam coal is plunging. Major US coal miners – even the largest one – are now bankrupt. So in April, carloads of coal plummeted 40% from the already beaten-down levels a year ago.

Because rail traffic is down so dramatically, many operators have large numbers of engines that are just sitting around collecting dust.  In his article, Wolf Richter shared photographs from Google Earth that show some of the 292 Union Pacific engines that are sitting in the middle of the Arizona desert doing absolutely nothing.  The following is one of those photographs…

Union Pacific Engines - Google Earth

As Wolf Richter pointed out, it costs a lot of money for these engines to just sit there doing nothing…

These engines are expensive pieces of equipment. When they just sit there, not pulling trains, they become "overcapacity," and they get very expensive. Then there are engineers and other personnel who suddenly become unproductive. Some of them have already been laid off or are getting laid off.

All over the world, similar numbers are coming in.  For example, the Baltic Dry Index fell 30 more points on Wednesday after falling 21 on Tuesday.  Global trade is really, really slowing down during the early portion of 2016.  What this means on a practical level is that a lot less stuff is being bought, sold and shipped around the planet.

It is becoming increasingly difficult for authorities to deny that a new global recession has begun, and at this moment we are only in the very early chapters of this new crisis.

Another thing that I watch very closely is the velocity of money.  When an economy is healthy, people feel pretty good about things and money tends to circulate fairly rapidly.  For example, I may buy something from you, then you may buy something from someone else, etc.

But when times get tough, people tend to hold on to their money more tightly, and that is why the velocity of money goes down when recessions hit.  In the chart below, the shaded areas represent recessions, and you can see that the velocity of money has declined during every single recession in the post-World War II era…

M2 Velocity Of Money

During the last recession, the velocity of money declined precipitously, and that makes perfect sense.  But then a funny thing happened.  There was a slight bump up once the recession was over, but then it turned down again and it has kept going down ever since.

In fact, the velocity of money has now dropped to an all-time low.  The velocity of M2 just recently dipped below 1.5 for the first time ever.

This is not a sign of an “economic recovery”.  What this tells us is that our economy is very, very sick.

And we can see evidence of this sickness all around us.  For instance, the Los Angeles Times is reporting that homelessness in Los Angeles increased by 11 percent last year, and this marked the fourth year in a row that homelessness in the city has increased…

Homelessness rose 11% in the city of Los Angeles and 5.7% in the county last year despite an intensive federal push that slashed the county ranks of homeless veterans by nearly a third, according to a report released Wednesday.

The increase marks the fourth consecutive year of rising homelessness in L.A., as local officials struggle to identify funding for billion-dollar plans they approved to solve the nation's most intractable homeless problem.

Let us also not forget that about half the country is basically flat broke at this point.

Just recently, the Federal Reserve found that 47 percent of all Americans could not pay an unexpected $400 emergency room bill without selling something or borrowing the money from somewhere.

With numbers such as these being reported, how in the world can anyone possibly claim that the U.S. economy is in good shape?

It boggles the mind, and yet there are people out there that would actually have you believe that everything is just fine.

The current occupant of the White House is one of them.

With each passing month, the real economy is getting even worse.  We may not have slipped into a full-blown economic depression just yet, but it is coming.

For now, let us be thankful for whatever remains of our debt-fueled prosperity, because we don’t deserve the massively inflated standard of living that we have been enjoying.

We have been consuming far more than we produce for decades, but it won’t last for much longer.  And when those days are gone for good, we will mourn them bitterly.

Podcast: Easy Money From China, Japan and Europe Has Failed. What’s Next?

Posted: 04 May 2016 12:33 PM PDT

China’s most recent borrowing binge didn’t work. Japanese and European negative interest rates resulted in their currencies going up rather than down. Global growth is slowing. Inflation is nonexistent and debt keeps rising. Only gold and silver are looking strong. Calls are being heard for bigger deficits. The world’s governments are about to panic.

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Gold Takes a Breather; Watch for 1247 Support

Posted: 03 May 2016 12:54 PM PDT

Some of Brien Lundin's Precious Metals Picks Are Up More Than 400%. What Is Next?

Posted: 03 May 2016 01:00 AM PDT

A battle royale is brewing between gold bulls and commercial traders who are short gold, says Brien Lundin, publisher of Gold Newsletter. That tug of war, which should play out in the coming weeks,...

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A Currency War Battle That Europe and Japan Can’t Afford To Lose

Posted: 02 May 2016 10:47 AM PDT

The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency war terms, that means the US is winning the latest battle. After three years of the […]

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