Monday, June 13, 2016

Gold World News Flash

Gold World News Flash

Gold Company To Withhold Sales: “Storing It And Holding For The Long-term… It Makes More Sense At These Prices”

Posted: 13 Jun 2016 01:40 AM PDT


REMAIN Support Collapses as BrExit, LEAVE Jumps into 19 Point EU Referendum Lead

Posted: 12 Jun 2016 11:17 PM PDT

With the EU referendum vote just 10 days away, the latest opinion poll to be released now gives LEAVE an incredulous 19 point lead over REMAIN (52% to 33% with 15% don't knows). Which implies a complete and utter collapse of the REMAIN vote that had until literally days ago held a typical lead of between 6% and 12% over LEAVE for the past 6 months.

Does the Fort Knox Gold Really Exist?

Posted: 12 Jun 2016 11:01 PM PDT

The Fort Knox Bullion Depository OFFICIALLY contains 147.3 million ounces of gold. REALITY: The gold is listed on paper and in official pronouncements. However, it has also been officially pronounced...

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False flag, blow-back, or incompetence? A FOREX look at Orlando Pedassacre

Posted: 12 Jun 2016 09:27 PM PDT

This tragic event in Orlando is an opportunity to connect the dots in an ever simple global world; as explained in Splitting Pennies - key to understanding Forex markets and how our global financial system includes understanding international politics, and specifically US foreign policy, and how it is connected to the US Dollar as a world reserve currency.  Forex is information brokerage, both as a facilitator and as primary emission of that information.  It is by itself, information - as well, those who play 'the great game' use it to execute their strategem.  

This event, is a domestic event with no implications on the markets (although maybe a short term boom for Smith & Wesson (SWHC) ).  It's not going to affect Forex, directly.  But it will affect foreign policy - not by itself, but as one woven yarn in a policy sweater.  There will be in the days and months ahead, political aggressiveness to 'fight terrorism.'  This event alone, would not be sufficient to go to war with Syria for example, but in the area of domestic support of foreign actions, such events are key to seizing the hearts and minds of the average American, and in this case also the LGBT community - embroiled in domestic disputes of their own.

The fact that the shooter was in contact with the FBI isn't necessarily suspicious.  The FBI is in contact with millions of people all around the world, connected to cases, and their daily operations.  The fact that shooter worked for this G4S, as reported first here on Zero Hedge - is highly suspicious.  Omar Mateen effectively worked for DHS, although through a subcontracted private company.  This is the "Department of Homeland Security" designed to protect us from such 'terrorists.'  

Let's examine 3 motives:

False Flag

If you are one of these TV watchers that believe 'it doesn't happen in America' read the following report from PNAC (Project for a New American Century) in full here - note the DATE and note the SIGNERS of this 'research' that says, before 9/11:

Further, the process of transformation,
even if it brings revolutionary change, is
likely to be a long one, absent some
catastrophic and catalyzing event – like a
new Pearl Harbor. 

What an interesting coincidence, that a Washington based think tank that worries about a declining budget (because of declining real military threats) and declining power, should within a short year after publishing their report have the justification they need to increase their budgets and power by 10.  Or more recently, look at evidence of Sandy Hook false flag here and here.

So was this pedassacre a false flag - to escalate our involvement in Syria, Ukraine, or a number of other global hotspots?  Possible, but not probable.  


Omar's parents were from Afghanistan.  He's a first generation US Citizen refugee child.  How they came to America, is not really important - during any war there is a flood of refugees, not only to America, but often they do flee to their captors (and in many cases, providing information to save their lives).  Being born into these circumstances, watching your country burn (even if his current country was America - his family was still connected to Afghanistan) affects your subconscious.  In this case, the programming of American culture works against the establishment.  It's telling him to be free - live his desires, and kill kill kill - murder murder murder.  Violent video games, movies, and culture encourage such events - they foster a hostile warlike environment.  A culture of violence is necessary for programming a domestic population sufficient to justify foreign entanglements of war, looting foreign resources, and empire.  We bring war into your living room, tonight at 11 - watch how we spend billions of dollars and 'help people' in the middle east.  

"Blowback" is when, the people who America bombs are not happy, and come back for 'revenge' - now they are called "Terrorists."  Blowback rarely makes its way back to the continential United States, because it takes funding, planning, intelligence, and a well oiled machine to slip through the cracks of a security apparatus.  This is where cultural blowback can be devastating, because there are thousands of disgruntled children of immigrants now being born in America, who will grow up to be flag waving homegrown terrorists in 10, 20, and 30 years.  These children will not be on any Terrorist watchlist, and they will have normal childhoods, not knowing that they'll join a terror group when they become teenagers.

The foreign policy of the United States of America post 9/11 breeds terrorists, at home and abroad.  Whether there were or were not many Terrorists in the world in the year 2000, now they are growing exponentially.  Until the US Military pulls out of the middle east, and as long as the US blindly supports Israel, there's going to be "Terrorists" who "Hate our freedoms."  The only "Freedom" the US enjoys is to bomb these countries into oblivion with virtually no repercussions.  Well, now we are seeing the repercussions.  


DHS, FBI, and others - somehow 'missed' a potential attack, by not properly connecting the dots.  This is an extremely unlikely scenario - the event happened 15 minutes from a local FBI field office, who has their "Pulse" on the local community.  Just last month, the FBI foiled a terror plot involving a man who wanted to apparently bomb a synagogue.  They monitor all electronic activity, are we to believe they didn't pick up any 'chatter' ?   We can't disprove a negative, there's no evidence supporting the incompetence theory - that it was a 'mistake.'  Many will say it was incompetence, because Omar was in contact with the FBI previously - and the thinking goes, they already 'knew' about his connections to Islam, and so - should have stopped him from buying guns at the first checkpoint, and at the second checkpoint - from any preliminary preparations that were made minutes leading into the event (such as communication with his Terrorist friends).  Not incompetence.

Forex in focus

So what does such an event have to do with Forex trading?  Well - it's all part of a plan to support US Dollar hegemony.  How does that work?  As we explain in detail in Splitting Pennies - there's a policy in washington that goes something like - use US Dollars or we'll bomb you.  If you do use US Dollars, maybe you'd like to buy our nice US Treasuries, such as TIPS?  One leg supporting the Petro Dollar is no longer a secret - data has been released that show Saudi's holdings - about $116 Billion as of March.  How does this support the US Dollar?  Well, imagine that the $116 Billion was sitting in Russian Ruble instead.  Also, as they buy US Treasuries, they first need to buy US Dollars.  Converting from Riyal to USD provides natural support for USD - also, by pricing their oil in USD - buyers of oil must first convert to USD.  It's really a genius method to support the US Dollar, created by Richard Nixon.  It is long term thinking, that isn't subject to daily market pressures.  Anyway, shortly before the most recent US invasion of Iraq, they wanted to price oil in Euros.  USA said - NO.  Wrong answer.  Must buy USD.  It's really a simple policy, let's not be sensational or dramatic about it.  Without this long term support of the USD, America wouldn't enjoy such import advantages, things in China wouldn't be 'cheap' - and America wouldn't be able to carry such a hudge debtload as it does, and other advantages.  This also virtually eliminates the need for any domestic Forex programs - because the USD is unchallenged.  There's a natural tendency for those policies that support US Dollar hegemony, to crush anything that smells like "Forex" - and to further justification of foreign entanglements du jour.  On today's menu, we have Syria, Ukraine, Russia, and NATO expansion in East Europe.  From Tyler Durden:

With tensions between Russia and the West at post-cold war highs, a former NATO deputy military chief is now saying that anuclear war with Russia over the Baltic nations in 2017 is "entirely plausible" according to RT.

This example contrasts brightly what many understand is Forex - the day to day trading of Euros for Dollars that drive the EUR/USD rate up and down.  And practically, it's easier for many to make a business out of rate speculation in Forex than in many other markets.  But to understand Forex, one must understand its origin, why it exists, by what powers and authority.  

To conclude, the US Dollar is backed by something, although it's not Gold.  It's backed by bombs.  That's more than can be said for many competing currencies, including the popular Bitcoin.  Unless you have a world class super army behind you - good luck launching a new currency.

To learn more about Forex, try starting by reading Splitting Pennies - Understanding Forex.  If you want to learn about Forex day-trading, checkout Baby Pips - free Forex education & resources.  When you're ready to open an account - sign up for our Elite FX Service first - it can make you or save you a bundle.

Why Are So Many Bankers “Committing Suicide”?

Posted: 12 Jun 2016 08:30 PM PDT

by Michael Gray, New York Post:

Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides. But in each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths.

The March 6, 2013 death of David Rossi — a 51-year-old communications director at Monte dei Paschi di Siena, the world's oldest bank — came as the institution teetered on the brink of collapse. Rossi was found dead in an alleyway beneath his third-floor office window in the 14th-century palazzo that served as the bank's headquarters.

A devastating security video shows Rossi landing on the pavement on his back, facing the building — an odd position more likely to occur when a body is pushed from a window.

The footage shows the three-story fall didn't kill Rossi instantly. For almost 20 minutes, the banker lay on the dimly lit cobblestone, occasionally moving an arm and leg.

As he lay dying, two murky figures appear. Two men appear and one walks over to gaze at the banker. He offers no aid or comfort and doesn't call for help before turning around and calmly walking out of the alley.

About an hour later, a co-worker discovered Rossi's body. The arms were bruised and he sustained a head wound that, according to the local medical examiner's report, suggested there may have been a struggle prior to his fall.

But the death was ruled a suicide to the disbelief of Rossi's widow, Antonella Tognazzi. She was quoted in the Italian press as saying her husband "knew too much." She staged public demonstrations and hired a lawyer to investigate her husband's death.

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Andy Hoffman — Cartel Cannot Stop Gold & Silver Bull Market

Posted: 12 Jun 2016 08:00 PM PDT


Posted: 12 Jun 2016 08:00 PM PDT

there was another suspect holding the door closed while the gunmen opened fire on everyone and was keeping people from being able to get out of the building this was a false flag and more than one person involved The Financial Armageddon Economic Collapse Blog tracks trends and...

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The Problem(s) with Evolutionary Theory

Posted: 12 Jun 2016 07:55 PM PDT

by Thomas Goehle, SGT

Whatever your stance on evolution, one thing is clear today: neo-Darwinian evolution is no longer considered a theory by the scientific community, academia, or the media at large. Evolution is considered a fact. The aforementioned groups provide a platform for evolution and account for much of its pervasiveness. You can't get more than a few pages into a magazine article, fiction book, intellectual treatise, or anything else you care to read or watch, without the author stating unequivocally something like- "well, in our evolutionary past…," or "this can be attributed to evolution…." In short, Darwin's theory is increasingly accepted as a "given" in our society.

Folks who accept some form of evolution, whether the theistic (evolution plus God) or the naturalistic flavor (evolution minus God), do so because they believe the scientific evidence warrants this. Most scientists and atheists support naturalistic evolution. I predict that each up-and-coming generation will more readily accept naturalistic evolution because prima facie this type of evolution removes God from the equation. Michael Ruse, who is a prolific author and advocate of evolution put it this way: "Evolution came into being as a kind of secular ideology, an explicit substitute for Christianity." Ruse also stated: "Evolution is a religion. This was true of evolution in the beginning, and it is true of evolution still today."

The atheistic worldview implicit in naturalistic evolution meshes well with our increasingly secular postmodern culture which has left God behind in favor of autonomy, narcissism, hedonism, and moral relativism. Moreover, if God does not exist, everything is permissible.

But herein lies a problem for those who oppose the NWO. If naturalistic evolution is true, the globalists really don't need any moral justification for eliminating the unwashed masses. From a social Darwinist vantage point, the global elites are higher on the evolutionary totem pole than you and me, so why shouldn't they get rid of us? After all, we're using up all of their resources. If they prefer to eliminate us and have the ability to carry out their (reprehensible) plans, then who is to say this is morally wrong? It's the survival of the fittest, right? Besides, humans don't have any intrinsic worth from a naturalistic evolutionary perspective anyway. We're all just products of matter plus time plus chance if naturalistic evolution is true. So what's the big deal?

Well, the big deal is that the axiological problem just mentioned stems from a theory that has more than a few empirical difficulties. Let's look at a few of these as space permits.

One problem involves whether natural selection and supposed serendipitous mutations can really account for Darwin's theory of "descent with modification." Can those two mechanisms adequately explain how we got from molecules to man? Keep in mind that the fossil record doesn't support this. In fact, Harvard paleontologist Stephen Jay Gould labeled the fossil record an "embarrassment." This is why Gould and Niles Eldredge had to come up with their fanciful theory of "punctuated equilibrium," otherwise known as "punk eek."

Another problem confronting naturalistic evolutionists is how life got started in the first place. By the title of his book, Tornado in a Junkyard: The Relentless Myth of Darwinism, I'm sure James Perloff will share Sir Fred Hoyle's thoughts on this during his upcoming interview on SGTreport. For now, suffice it to say that you can't get life from non-life (abiogenesis). From a scientific standpoint it's beyond probability. From a commonsense standpoint, it's absurd. Either life already existed before anything came into existence (the God of the Bible is eternal Life who always existed), or there wouldn't be any life at all. Spontaneous generation from a "primordial soup" is a non-starter. Nobel laureate Harold Urey put it this way: "All of us who study the origin of life find that the more we look into it, the more we feel that it is too complex to have evolved anywhere. We all believe as an article of faith that life evolved from dead matter on this planet. It is just that its complexity is so great it is hard for us to imagine that it did." Notice that Urey stated that evolutionists accept abiogenesis by "faith."

Another major hurdle for macro-evolutionists is entropy. In a closed system, things break down over time. Things go from order to disorder. Nothing evolves over long periods of time absent intelligent input. In spite of this, gradualists like Richard Dawkins think that given enough time, macro-evolution takes place. But the problem with gradualism (as opposed to punk eek) is that the more time evolution is given, the more it runs into entropy. Do you really think that given enough time the clunker sitting in a junkyard will turn into a Porsche? If this seems ridiculous, then why would you think that given enough time the clunker sitting in the junkyard will turn into a human? Because that's what naturalistic evolutionists expect us to believe. But just because you mish-mash dead matter around and around long enough doesn't mean that it will come to life one day, let alone construct a human being. Things naturally move toward disorganization and chaos over time.

This doesn't dissuade evolutionists like Dawkins, however. He maintains that "Even if there were no actual evidence in favor of the Darwinian theory…we should still be justified in preferring it over all rival theories." Why? Because Dawkins doesn't want to let go of his atheism. But it's not just Dawkins. Look at what global elite and eugenicist Julian Huxley (whose grandfather, T. H. Huxley was known as "Darwin's Bulldog") had to say about the attraction of Darwin's theory- "I suppose that the reason that we leapt at the Origin was that the idea of God interfered with our sexual mores."

Moreover, naturalistic evolution holds a real attraction for atheists. I believe that the evolutionary worldview will increasingly replace the God of the Bible as the underpinning for our culture because naturalistic evolution excludes God and is therefore conducive to human autonomy. The moral decadence in our society provides evidence for this assertion. Feel like marrying more than one woman? Feel like having intimate relations with your child or your pet? Don't worry. Hang in there. Just give society a little more time to accept your right to do whatever you want. We just need more PC tolerance. We just need our morals to "evolve."

Just remember, exercising one's autonomy works both ways. The global elite eugenicists are well on their way to implementing social Darwinism because they are accountable to no one but themselves. We, the sheeple, are just cattle in their eyes. Unfortunately, we are heading towards some type of Communo-fascist totalitarian system run by globalist mega-corporations as our country rots from the inside out. The problem this time around, unlike Nazi Germany, is that you won't be able to run and hide. Why? Because drones will fire rockets your way and Google robots will chase you through the woods. Good luck with that. You might want to think about dumping that trackable smartphone. Hope you didn't get chipped.

In summary, evolution has become a worldview, not just a theory. Whether people are aware of it or not, evolution provides an implicitly secular worldview for our morals, our way of life, and our view of human nature. Man is no longer special– the pinnacle of God's creation. No, we're just evolved animals. Moreover, with God out of the picture, there are no morals anyway. There are only "preferences." In fact, if you want to see the moral implications of a society that has left God behind, and sheeple who act like animals, watch SGTreport's classic micro-doc, "The Madness of a Lost Society." This will give you a good idea of what "survival of the fittest" will look like in real life once an economic disruption or false flag occurs and all hell breaks loose, courtesy of the global elite social Darwinists.

Please tune in to the podcast interview that Sean and Mr. Perloff will be broadcasting later this week. when they will explore in more detail, the theory of evolution. All quotes and source material for this essay may be found in my book "America's Post-Christian Apocalypse" found on

Editor’s Note: For more insight into what the elite’s really “believe” please read and watch the analysis of the Gotthard Tunnel opening ceremony on June 1st in Switzerland. The overtly Satanic nature of this $8.9 MILLION dollar “ceremony” (or “ritual”) should go a long way in informing you about the (no longer) hidden agendas of the world’s elite. ~SGT

A Disturbing Trend: Internet Exposure of Bilderberg Is Met With Defiance

Posted: 12 Jun 2016 07:30 PM PDT

from The Daily Bell:

What to Know About the Bilderberg Group's Secret Annual … Barriers stand in front of hotel Taschenbergpalais Kempinski in Dresden, Germany, where the Bilderberg conference will take place place from June 9-12, 2016. Little is known about the secretive group, but conspiracy theorists have plenty of ideas A shadowy world government. Political kingmakers. A capitalist cabal looking to impose its will across the globe. –TIME

The Bilderberg meeting in Dresden Germany is receiving a good deal of publicity, unlike in times past. The above excerpt from a TIME magazine post is symptomatic, astonishingly, of mainstream media coverage.

The UK Independent, the Guardian, various American publications and Drudge have all featured the ongoing meeting from June 9-12.

Unlike in years past, Western media is covering the conference.

The coverage is somewhat bland. Not so the coverage of the alternative media.

The alternative 'Net media makes it distrust of the conference and attendees clear.

The most prominent alternative media website, the Drudge Report, has again featured the meeting and linked to, an Alex Jones website.

Jones is a famous, alternative media publisher. The latest article on his website regarding Bilderberg reads, "Exclusive: Bilderberg Planning to Trigger Financial Collapse."

Read More @

Jim’s Mailbox

Posted: 12 Jun 2016 07:10 PM PDT

Jim/Bill, There is much talk of gold decoupling from the US Dollar. The article below states how negative interest rates worldwide are contributing to a flight to US Treasuries, and hence the US Dollar, providing it support. Yet Gold appears to ignore the Dollar strength. I firmly believe that a secular change in thinking has... Read more »

The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset.

Markets In Turmoil As Brexit Fears Mount And Japan, China Data Tumbles

Posted: 12 Jun 2016 07:09 PM PDT

FX, equity, and bond markets are in turmoil as Asian markets begin trading with Japan ugly, Sterling getting spanked, China devaluing FX (stocks down hard), and crude ($48 handle) and US equity futures (Dow -70) extending losses (as bond markets are all tumbling to record low yields). The hangover from further brexit concerns is not helped by the weakness in Japanese and Chinese data tonight.

First Japanese manufacturing data was a disaster...


Then Chinese data largely disappointed. A "meet" in Industrial Production - hovering at multi-year lows...



Retail Sales missed...*CHINA MAY RETAIL SALES RISE 10.0% FROM YEAR EARLIER (lowest since 2006)


And FAI missed... *CHINA JAN.-MAY FIXED-ASSET INVESTMENT EXC. RURAL RISES 9.6% (lowest since 2000)


And if the anxiety over global growth and Brexit were not enough, this China data has sparked even more turmoil in markets as Asia gets going...

First, Japan...


Japanese stocks shorts biggest since 2008...

And Japanese 10Y Yields record lows (along with 20Y and 5Y)...

But it's not just Japan, Germany, and Switzerland...



In China, as we could have guessed by Bitcoin's surge, the Yuan is tumbling...

PBOC devalues the Yuan fix by over 2 handles - back near 5 year lows...


As the Yuan basket plunged to lowest since Nov 2014


Chinese stocks are down most in 6 weeks:



And anything Brexit-related...

Cable at 2mo lows...


Sterling shorts biggest in 3 years...


and GBPJPY is a bloodbath... Pound plunging to lowest since Aug 2013...


And finally, gold is holidng its recent gains...

Which must be very upsetting for The BIS. Given this much turmoiling, one can only imagine the central bank efforts to make sure Monday opens green on the NYSE.



Charts: Bloomberg

Big Names Are Bailing

Posted: 12 Jun 2016 06:44 PM PDT

Submitted by John Rubino via,

The list of heavy hitters who are saying bad things about this world and its financial markets - while acting aggressively on their pessimism - is growing to alarming proportions. A few examples:

Stan Druckenmiller: The bull market is exhausted; move to gold

(MineWeb) – Legendary investor Stan Druckenmiller, founder of Duquesne Capital Management LLC, told the Sohn Investment Conference in New York last week that he is bullish on gold and bearish on the stock market. Gold, he told the conference, “is our largest currency allocation.”


Druckenmiller recommended that investors sell their equity holdings. “The bull market is exhausting itself,” he told the conference. A major factor has been the Federal Reserve’s easy money policy, which has resulted in “reckless” corporate behavior.


Growing corporate debt is increasingly used for financial engineering, rather than in R&D that could lead to productivity improvements, Druckenmiller said. According to him, from 2012 to 2015, use of debt for U.S. nonfinancial firms for stock buybacks and M&A increased from $1.25 trillion to $2 trillion, while debt for R&D and office equipment grew from $1.55 trillion to only $1.8 trillion.


“The corporate sector today is stuck in a vicious cycle of earnings management, questionable allocation of capital, low productivity, declining margins and growing indebtedness,” Druckenmiller added.


The slowing Chinese economy as another reason to sell equities, according to Druckenmiller. He believes that stimulus measures by China have “aggravated the overcapacity in the economy.” While he had hope two years ago that the Chinese were willing to accept the tradeoff of a slowdown to gain reform, the Chinese “have opted for another investment-focused fiscal stimulus, which may buy them some time but will exacerbate their problem. They do not need more debt and more houses.”


Instead, Druckenmiller has made a move to gold. “It has traded for 5,000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with the absurd notion of negative interest rates,” he said. “Some regard it as a metal, we regard it as a currency, and it remains our largest currency allocation,” he added. Among his investments are holdings in the SPDR Gold Trust.




A Bearish George Soros Is Trading Again

(Fox Business) – Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.

Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors view gold as a haven during times of turmoil.


Mr. Soros’s recent hands-on approach reflects a gloomier outlook than many. His worldview darkened over the past six months as economic and political issues in China, Europe and elsewhere have become more intractable. While the U.S. stock market has inched back toward records after troubles early this year and Chinese markets have stabilized, Mr. Soros said he remains skeptical of the Chinese economy, which is slowing.


The fallout from any unwinding of Chinese investments likely will have global implications, Mr. Soros said.


“China continues to suffer from capital flight and has been depleting its foreign currency reserves while other Asian countries have been accumulating foreign currency,” Mr. Soros said in an email. “China is facing internal conflict within its political leadership, and over the coming year this will complicate its ability to deal with financial issues.”


Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.


“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable, ” he said. Still, Mr. Soros said recent strength in the British pound is a sign that a vote to exit the EU is less likely.


Mr. Soros’s bearish firm bought over 19 million shares of Barrick Gold Corp. in the first quarter, according to securities filings, making it the firm’s largest stockholding at the end of the quarter. That position has gained more than $90 million since the end of the first quarter. Soros Fund Management also bought a million shares of miner Silver Wheaton Corp. in the first quarter, a position that has increased 28% so far in the second quarter.


The last time Mr. Soros became closely involved in his firm’s trading: 2007, when he became worried about housing and placed bearish wagers over two years that netted more than $1 billion of gains.



If the Markets Crash Then Carl Icahn Could Win Big

(Barrons) – If financial markets crash, one of the biggest beneficiaries could be billionaire investor Carl Icahn.

An investment fund run by the 80-year-old Icahn had a net short position of 149% at the end of the first quarter. Icahn is considerably more bearish than he was at the end of 2015, when the fund’s net short position was 25%. A year ago, the fund had a net long position of 4%. It’s rare to see a fund outside a dedicated short fund with such a large bearish stance.


Asked about the big bearish stance, Icahn Enterprises CEO Keith Cozza said on the conference call that “Carl has been very vocal in recent weeks in the media” about his negative views. “We’re much more concerned about the market going down 20% than we are it going up 20%. And so the significant weighting to the short side reflects that.” Icahn was not on the call.



The Sam Zell Indicator – Time to Get Out of Real Estate?

(Value Walk) – Talk about exquisite timing.

Even today, a decade after the fact, the leveraged buyout of Equity Office Properties Trust remains one of the largest of all time: $36 billion for nearly 600 office buildings in New York, Washington D.C. and dozens of the nation’s largest cities.


But in late 2006, some wondered if the billionaire who sold the REIT was being a little rash. After all, the real estate boom was in full swing, and the S&P 500 was primed to hit new all-time highs. “Is he cashing out too early?” asked a Bloomberg headline when the deal was announced.

We all know the answer, of course.


Billionaire Sam Zell deftly sidestepped the coming real estate carnage. Then, with prices at generational lows a few years later, Zell bought hundreds of apartment complexes at dirt-cheap prices.


And today? Well, that’s the ominous part…


Once again, Zell is selling his real estate holdings. Last fall, he unloaded a quarter of his portfolio, buildings totaling about 23,000 rental apartments, to Starwood Capital Group for more than $5 billion.


Zell next sold off apartment buildings in South Florida and Denver, with complexes in Phoenix, Boston and other metro areas expected to be sold before the year is out.


“No one has ever accused me of not being a realist,” Zell told CNBC’s talking heads recently.

Of course for every seller there has to be a buyer, so to the extent that these guys are bearish, an equal amount of optimistic capital disagrees with their assessment. Still, between Soros, Druckenmiller, Icahn and Zell there’s about a thousand years of successful, audacious experience, so at a minimum their sudden bearishness should be a comfort to smaller players who have reached the same conclusion.

The fact that they see gold as the antidote to crashing financial markets is also reassuring for long-suffering gold bugs.

If these and the several other big names now saying scary things (see Bill Gross’s supernova comments) are right, the short stocks/long gold trade is finally about to pay off.

Apple Latest iProduct? Selling Energy. Apple Becoming More Rich than U.S. Government!

Posted: 12 Jun 2016 05:00 PM PDT

from The Money GPS:

With Gold and Silver Smashed Below Their Respective 200 Day Moving Averages On the Heels of the FOMC Statement, Alasdair Macleod Joins the Show to Discuss All the Action.

Join GATA at the New Orleans conference in October

Posted: 12 Jun 2016 03:34 PM PDT

6:35p ET Sunday, June 12, 2016

Dear Friend of GATA and Gold:

Maybe the only thing better than gold and silver breaking the chains of price suppression by governments would be their doing so during the New Orleans Investment Conference, which will be held this year from Wednesday to Saturday, October 26-29.

Once again GATA Chairman Bill Murphy and your secretary/treasurer will be speakers. We'll be joined by, among others, newsletter writers Brien Lundin (the conference organizer), Mary Anne and Pamela Aden, Thom Calandra, Dennis Gartman, and Mark Skousen, as well as fund managers Rick Rule and Peter Schiff and Casey Research founder Doug Casey.

... Dispatch continues below


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For more information, please visit Bullion Star here:

Of course New Orleans itself is always one of the stars of the show. The conference again will be held at the Hilton New Orleans Riverside hotel, on the Riverwalk along the Mississippi, across the street from Harrah's casino, adjacent to the city's trolley line, and a short walk from the French Quarter, beautiful Jackson Square, and many wonderful restaurants and museums.

The conference schedule is still being developed and we'll report more about it soon. But you can learn more about it here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana

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

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

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: 12 Jun 2016 02:30 PM PDT

GERALD CELENTE GLOBAL MELTDOWN It's In The Numbers NEW JUNE 2016 About Gerald Celente : Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000: How to Prepare for and Profit from the...

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BREAKING -- Man Arrested With "ARSENAL" Near Los Angeles Gay Pride

Posted: 12 Jun 2016 12:43 PM PDT

operation gladio and false flag terror 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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Mark Of The Beast REVEALED! It's Not What You Think!!!

Posted: 12 Jun 2016 12:30 PM PDT

The mark will be the antichrist nephilim DNA, mixed with technology I bet. The DNA will make people in the image of the beast instead of God. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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RED ALERT: ISIS Now Activating Terror Cells - Orlando Attack Is phase One

Posted: 12 Jun 2016 12:06 PM PDT

Omar Mateen, the man said responsible for the Pulse nightclub attack last night in Orlando, called 911 and pledged his allegiance to the Islamic State, according to officials. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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Posted: 12 Jun 2016 11:31 AM PDT

Mass Shooting at Gay Club in Orlando.. LIVE Coverage 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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Posted: 12 Jun 2016 11:28 AM PDT

Just following Muhammad's example. You don't see Hindus, Sikhs, Jews or most Christians do this 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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Breaking News And Best Of The Web

Posted: 11 Jun 2016 06:20 PM PDT

Soros and Gross turn bearish. Stocks fall, gold continues to rise. Debt, as usual, continues to grow. Corporations start selling zero-percent bonds. Clinton wins California, clinches nomination. Major US/China trade war breaking out. Global bond yields still falling, China’s debt still rising. Doug Noland’s latest Credit Bubble Bulletin and David Stockman’s proposal to fix the […]

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Top Ten Videos — June 12

Posted: 10 Jun 2016 06:00 PM PDT

Andrew Hoffman on the end game for debt monetization, Ray Dalio on central bank desperation, some actionable predictions from Investing Haven, the slow death of markets, the truth about gold and silver mining stocks, the elimination of physical cash, a long, entertaining Brexit debate.                      

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Grant Williams – Oil: Peak demand – Gold: Peak Supply

Posted: 09 Jun 2016 02:36 PM PDT

THE MATTERHORN INTERVIEW – June 2016: Grant Williams

"Oil Market: Peak Demand, Gold Market: Peak Supply"

One of the most engaging and bright analysts of our industry, Grant Williams, joins Lars in this podcast. Grant speaks about Oil, Gold and about ‘The Donald’, inter alia.

[Video/Podcast] 37 mins


Lars Schall: Howdy, ladies and gentlemen, I'm now connected in Singapore … Read the rest

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