Friday, June 10, 2016



Ray Dalio Reveals Whats Coming After QE

Posted: 10 Jun 2016 01:17 PM PDT

And it’s not what you expect… by Rory, The Daily Coin I have known for some time that our economy is in a lot of trouble. Today, that has been confirmed by someone that runs one of the largest, most well known funds anywhere in the world. We have spent a lot of time on […]

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Contagion: Gold Is Signalling A Systemic Catastrophe

Posted: 10 Jun 2016 01:17 PM PDT

This is why the price of gold is signalling a systemic collapse: Submitted by PM Fund Manager Dave Kranzler:  The media is doing it's part to cover up the unexpectedly bullish trading action in gold and silver.  It's  a given that the Fed is making an all-out effort to keep a lid on the price gold. […]

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“Atomic Bomb In the Works for July”: Someone VERY BIG Is Standing For Gold & Silver!

Posted: 10 Jun 2016 01:15 PM PDT

Someone very real and VERY BIG is standing for gold.  This “someone” would not be bribed to go away last month and does not look like they will go way this month! Who is this long who all of a sudden cannot be bribed to stand down? Looking specifically at silver, we have a true potential atomic […]

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Fake Rally: Analyst Warns Silver Prices Headed to SINGLE DIGITS!

Posted: 10 Jun 2016 01:14 PM PDT

Currently, what's taking place in bullion markets, over the short term, we are in the middle of a fake rally… If you want to crash metals prices and they are already at bargain basement levels then you have to march them up a bit first, if you wanna give them a really good crash. Before […]

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Legendary Gold Trader Jim Sinclair Says Gold Headed to $50,000/oz! Here’s Why…

Posted: 10 Jun 2016 01:05 PM PDT

According to Legendary gold trader Jim Sinclair, The real gold show is only starting…   From Jim Sinclair: Legendary gold trader Jim Sinclair shocked the precious metals community Friday by publicly stating that the US will be Cypruss’d, the current take-down in gold & silver is a last-ditch can kicking attempt by the bullion banking […]

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Jim Willie: Unintended Consequences & COLLAPSE

Posted: 10 Jun 2016 01:05 PM PDT

An Economic Collapse and Financial Crisis of historical proportions is rising… Numbered Rim, Only 2,500 Minted!

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Gold & Silver Are Cooking! Eric Sprott Metals Update

Posted: 10 Jun 2016 01:01 PM PDT

A BIG change in sentiment sent gold and silver to a HUGE week.   Is a SIZZLING SUMMER Just Getting Started? 1 oz Silver Superman S-Shield  Intro Pricing!

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Peter Schiff Issues CNBC BIG Warning

Posted: 10 Jun 2016 01:01 PM PDT

Big Banks, BIG Warning. Our favorite Fed basher Peter Schiff has issued the world (via CNBC’s Fast Money no less) a rather large warning… 1 oz Silver Superman S-Shield  Intro Pricing!

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Bilderberg Nazis Detain Luke Rudkowski- “We Don’t Need A Reason. We’re In A Secret Zone”

Posted: 10 Jun 2016 01:00 PM PDT

The police (about eight of them surrounding us) responded, "We don't need a reason. We are in a secret zone."  I asked him what that meant, that we were in a secret zone, and he said, "That means I can do whatever I want."     Submitted by Jeff Berwick: Bilderberg was founded in 1954 and […]

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Gold Stocks Retreat at Resistance

Posted: 10 Jun 2016 12:54 PM PDT

Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend remains intact, the odds favor lower prices in the days ahead.

The weekly chart below shows that GDX ticked resistance near $27 yet will close off the highs of the week. That is not a surprise considering the market tested resistance amid a very overbought condition. It was unlikely to crack resistance on the first try.


GDX Weekly


We zoom in on the short term by looking at daily candle charts for both GDX (bottom) and GDXJ. The miners pushed to higher highs but formed a bearish reversal on Friday. I expect Wednesday's gap to fill and the miners to potentially test last Friday's opening prices (GDXJ $36 and GDX $24). We sketch how the correction could evolve with the presumption of a bullish outcome.


GDXJ, GDX Daily Candles


Buying opportunities within this sector have been few and far between and that could remain the case for the time being. However, if the miners correct here as expected then we should get a minor buying opportunity in the days ahead. If GDXJ tests $37 that would mark a 10% decline. Buying +10% weakness has been a profitable, lower risk strategy and we think that will continue to be the case. Hold your positions and take advantage of weakness. Consider learning more about our premium service including our favorite junior miners which we expect to outperform in the second half of 2016.


Jordan Roy-Byrne, CMT

June 2016: ZERO HOUR! |Bo Polny

Posted: 10 Jun 2016 12:45 PM PDT

Have we reached The End? Numbered Rim, Only 2,500 Minted!

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Gold Medium Term Technical Chart

Posted: 10 Jun 2016 09:21 AM PDT

Commodity Trader

Gold rigging will fail as investors see fraud of paper gold, Grant Williams says

Posted: 10 Jun 2016 09:03 AM PDT


Really Cookin'

Posted: 10 Jun 2016 07:31 AM PDT

Things are really starting to get interesting this morning as global interest rates push to new lows and global equity markets swoon. This has driven gold higher again and the shares are at new 2016 highs, too. Of course the question is, can we hold all of these gains through the day and into the close?

read more

WGC’s June Gold Investor: King about Gold

Posted: 10 Jun 2016 07:21 AM PDT


If You Didn’t Buy Gold and Silver During the Dip, Buy the Companies That Did!

Posted: 10 Jun 2016 06:45 AM PDT

buy the dipIf You Didn’t Buy When Gold and Silver Bottomed, Buy the Companies That Did… Gold bottomed at $1,045 and silver at $13.62 during December of 2015. Although there have been some minor pullbacks, 2016 has been an incredibly strong year for precious metals. Gold rocketed above $1,300 and silver above $18 briefly, before slipping back […]

Breaking News And Best Of The Web

Posted: 09 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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The mystery of the Gold Certificates

Posted: 09 Jun 2016 04:00 PM PDT

Charleston Voice

How Gold is Produced

Posted: 09 Jun 2016 04:00 PM PDT


George Soros Is Preparing For Economic Collapse – Does He Know Something That You Don’t?

Posted: 09 Jun 2016 03:02 PM PDT

George Soros - Photo by Niccolo CarantiWhy is George Soros selling stocks, buying gold and making “a series of big, bearish investments”?  If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money.  But if a major financial crisis is imminent, he stands to make obscene returns.  So does George Soros know something that the rest of us do not?  Could it be possible that he has spent too much time reading websites such as The Economic Collapse Blog?  What are we to make of all of this?

The recent trading moves that Soros has made are so big and so bearish that they have even gotten the attention of the Wall Street Journal

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 often view gold as a haven during times of turmoil.

Hmmm – it sounds suspiciously like George Soros and Michael Snyder are on the exact same page as far as what is about to happen to the global economy.

You know that it is very late in the game when that starts happening…

One thing that George Soros is particularly concerned about that I haven’t been talking a lot about yet is the upcoming Brexit vote.  If the United Kingdom leaves the EU (and hopefully they will), the short-term consequences for the European economy could potentially be absolutely catastrophic

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.

The Brexit vote will be held two weeks from today on June 23rd, and we shall be watching to see what happens.

But Soros is not just concerned about a potential Brexit.  The economic slowdown in China also has him very worried, and so he has directed his firm to make extremely bearish wagers.

According to the Wall Street Journal, the last time Soros made these kinds of bearish moves was back in 2007, and it resulted in more than a billion dollars of gains for his company.

Of course Soros is not alone in his bearish outlook.  In fact, Goldman Sachs has just warned that “there may be significant risk to the downside for the market”

Goldman Sachs is getting nervous about stocks.

In a note to clients, equity strategist Christian Mueller-Glissmann outlined the firm’s fears that there may be significant risk to the downside for the market.

Ultimately, George Soros and Goldman Sachs are looking at the same economic data that I share with my readers on a daily basis.

As I have been documenting for months, almost every single economic indicator that you can possibly think of says that we are heading into a recession.

For instance, just today I was sent a piece by Mike Shedlock that showed that federal and state tax receipts are really slowing down just like they did just prior to the last two recessions…

US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey.

The last two times the survey plunged this much, the US was already in recession.

Is it different this time?

Tax Receipts - Mish Shedlock

And online job postings on LinkedIn have now been falling precipitously since February after 73 months in a row of growth

After 73 consecutive months of year-over-year growth, online jobs postings have been in decline since February. May was by far the worst month since January 2009, down 285k from April and down 552k from a year ago.

Last week, the government issued the worst jobs report in nearly six years, and the energy industry continues to bleed good paying middle class jobs at a staggering rate.  The following comes from

That may seem counterintuitive in an industry that has been rapidly shedding workers, with more than 350,000 people laid off in the oil and gas industry worldwide.

Texas is one place feeling the pain. Around 99,000 direct and indirect jobs in the Lone Star state have been eliminated since prices collapsed two years ago, or about one third of the entire industry. In April alone there were about 6,300 people in oil and gas and supporting services that were handed pink slips. Employment in Texas' oil sector is close to levels not seen since the aftermath of the financial crisis in 2009. “We’re still losing big chunks of jobs with each passing month,” Karr Ingham, an Amarillo-based economist, told The Houston Chronicle.

At this point it is so obvious that we have entered a new economic downturn that I don’t know how anyone can possibly deny it any longer.

Unfortunately, the reality of what is happening has not sunk in with the general population yet.

Just like 2008, people are feverishly racking up huge credit card balances even though we stand on the precipice of a major financial crisis…

American taxpayers are quick to criticize the federal government for its ever-increasing national debt, but a new study released Wednesday found taxpayers are also saddled with debt, and are likely to end 2016 with a record high $1 trillion in outstanding balances.

Wallethub, a site that recommends credit cards based on consumers’ needs, said that will be the highest amount of credit card debt on record, surpassing even the years during and before the Great Recession. The site said the record high was in 2008, when people owed $984.2 billion on their credit cards.

Will we ever learn?

This has got to be one of the worst possible times to be going into credit card debt.

Sadly, the “dumb money” will continue to act dumb and the “smart money” (such as George Soros) will continue to quietly position themselves to take advantage of the crisis that is already starting to unfold.

We can’t change what is happening to the economy, but we do have control over the choices that we make.

So I urge you to please make your choices wisely.

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

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