Tuesday, June 28, 2016

saveyourassetsfirst3

saveyourassetsfirst3


European Banks See Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies

Posted: 28 Jun 2016 02:00 PM PDT

Over the last two trading days, European banks have lost 23 percent of their value.  Let that number sink it for a bit.  In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out. Any doubt that we have entered a new global financial crisis has […]

The post European Banks See Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies appeared first on Silver Doctors.

How Vulnerable Is The Shaky U.S. Economy To Brexit Fallout And European Bank Meltdown?

Posted: 28 Jun 2016 01:59 PM PDT

Dolly Varden Silver: Hecla's Generous Takeover Offer Is Too Good To Refuse

Posted: 28 Jun 2016 01:45 PM PDT

This Man Accidentally Crushed His Own Throat Right Before He Was Set To Testify Against Hillary Clinton Monday

Posted: 28 Jun 2016 01:30 PM PDT

Call it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton by testifying, they suddenly wind up dead…   Submitted by Mac Slavo, SHTFPlan: In fact, there's a long history of Clinton-related body counts, with scores of people dying under mysterious circumstances. Perhaps the […]

The post This Man Accidentally Crushed His Own Throat Right Before He Was Set To Testify Against Hillary Clinton Monday appeared first on Silver Doctors.

Gold 2011-2012 Line is Just above Brexit High

Posted: 28 Jun 2016 01:13 PM PDT

Gold Shines With Its Biggest 2-Day Gain Since 2011

Posted: 28 Jun 2016 01:02 PM PDT

The Next Round of Stimulus Will SHOCK You: “Prepare For Chaos”

Posted: 28 Jun 2016 01:01 PM PDT

Prepare for Chaos. What is about to commence will shock you… Buy 90% Junk Silver Coins at SD Bullion As Low As $1.99/oz Over Spot!     by Wealth Research Group via SHTFPlan: We are living under a fiat currency system. Essentially, currency supply comes into existence as debt or credit that must be repaid. The […]

The post The Next Round of Stimulus Will SHOCK You: "Prepare For Chaos" appeared first on Silver Doctors.

Gold Silver Ratio is Bullish for Both Gold and Silver Prices

Posted: 28 Jun 2016 01:00 PM PDT

Examine the 30+ year graph of the gold to silver ratio – THIS is the Big Picture perspective:   Submitted by Deviant Investor: The ratio moves from low to high and back to low in long term patterns. I have shown the large scale moves with red (up) and green (down) arrows. How does the Gold […]

The post Gold Silver Ratio is Bullish for Both Gold and Silver Prices appeared first on Silver Doctors.

Gold Weekly: The Bloody Summer Is Coming

Posted: 28 Jun 2016 12:47 PM PDT

Gold Update Medium Term

Posted: 28 Jun 2016 11:21 AM PDT

Commodity Trader

While You Were Distracted by BREXIT…

Posted: 28 Jun 2016 11:04 AM PDT

Here’s what your Senators were trying to sneak through… Buy 90% Junk Silver Coins at SD Bullion As Low As $1.99/oz Over Spot! From Natural News: While UK citizens were revolting en masse against bureaucratic rule in Europe, another cabal of prostituted lawmakers were busy plotting against American food consumers. According to this announcement from […]

The post While You Were Distracted by BREXIT… appeared first on Silver Doctors.

Gold Shortages & The Collapse of Paper Money – Jim Rickards

Posted: 28 Jun 2016 11:03 AM PDT

When even Jim Rickards is openly discussing the complete collapse of paper money… Buy Silver Coins and Silver Bars at SD Bullion

The post Gold Shortages & The Collapse of Paper Money – Jim Rickards appeared first on Silver Doctors.

A Quick Move to $1900: Jim Willie Breaks Down BREXIT Impact On GOLD and SILVER

Posted: 28 Jun 2016 11:01 AM PDT

In the gold and silver segment of our exclusive coverage on BREXIT Contagion, Jim Willie warns that if THIS happens next: We're Going to Make A Rather Quick Move Towards $1,900…   Gold and Silver Are Moving into 2nd Gear – I Think We're Going to Make A Rather Quick Move Towards $1,900! I Think We […]

The post A Quick Move to $1900: Jim Willie Breaks Down BREXIT Impact On GOLD and SILVER appeared first on Silver Doctors.

This posting includes an audio/video/photo media file: Download Now

Google Searches For “Buy Gold” Explode 500% After Brexit

Posted: 28 Jun 2016 11:00 AM PDT

To all those who did convert their soon to be far less valuable pounds sterling into physical gold, and in the process avoided a record devaluation in just one day, congratulations. However, it turns out that many more did not…     From Tyler Durden: Three days ago, when Wall Street was virtually certain that […]

The post Google Searches For “Buy Gold” Explode 500% After Brexit appeared first on Silver Doctors.

“I Sense He May Well Win It” – Nigel Farage On Trump

Posted: 28 Jun 2016 10:56 AM PDT

The man who carried Britain to freedom from the EU has a message for Americans who don’t believe Donald Trump has a chance this November… Nigel Farage: Haven’t spoken to Trump since Brexit victory, he “may well win” the U.S. election pic.twitter.com/lqlpAdRTXF — CNBC Now (@CNBCnow) June 28, 2016 Latest Market Data, Charts, and Gold […]

The post “I Sense He May Well Win It” – Nigel Farage On Trump appeared first on Silver Doctors.

Two Black Swans Far Greater Than BREXIT Emerge On the Horizon

Posted: 28 Jun 2016 09:15 AM PDT

While the world continues to focus on the BREXIT, two other much larger problems are emerging…   Buy 90% Junk Silver Coins at SD Bullion As Low As $1.99/oz Over Spot!     From Phoenix Capital Research via ZH: The first is that the US is back in recession. Labor Market Conditions, Industrial Production, the […]

The post Two Black Swans Far Greater Than BREXIT Emerge On the Horizon appeared first on Silver Doctors.

Weak U.S. Industrial Production and Gold

Posted: 28 Jun 2016 08:20 AM PDT

SunshineProfits

Breaking News And Best Of The Web

Posted: 27 Jun 2016 06:00 PM PDT

UK Votes to leave EU, markets stunned. Stocks plunge worldwide, gold soars, volatility spikes, pound tanks. Gold COTs are “over the top.” Central banks seem to be losing control of the narrative. Bitcoin jumps. Trump campaign in chaos while polls show dead heat in battleground states.   Best Of The Web In the wake of […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

European Banks Have Their Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies

Posted: 27 Jun 2016 04:53 PM PDT

Stock Exchange Trading Floor - Public DomainOver the last two trading days, European banks have lost 23 percent of their value.  Let that number sink it for a bit.  In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out.  I warned you that the Brexit vote “could change everything“, and that is precisely what has happened.  Meanwhile, the Dow was down another 260 points on Monday as U.S. markets continue to be shaken as well.  Overall, approximately three trillion dollars of global stock market wealth has been lost over the last two trading days.  That is an all-time record, and any doubt that we have entered a new global financial crisis has now been completely eliminated.

But of course the biggest news on Monday was what happened to European banks.  The Brexit vote has caused financial carnage for those institutions unlike anything that we have ever seen before.  Just check out this chart from Zero Hedge

European Banking Crash - Zero Hedge

I knew that things would be bad if the UK voted to leave the European Union, but I didn’t know that they would be this bad.

Prior to all of this, a whole bunch of “too big to fail” banks all over Europe were already in the process of imploding, and now this chaotic financial environment may push several of them into full-blown collapse mode simultaneously.  Just consider the following commentary from Wolf Richter

Healthy big banks would get over Brexit and the political turmoil it is spawning, particularly non-UK banks. But there are no healthy big banks in Europe. And non-UK banks are crashing just as hard, and some harder. This is about a banking crisis morphing into a financial crisis.

These bank stocks got crushed on Friday. And they got crushed again today. Italian banks have been reduced to penny stocks. Spanish banks are getting closer. Commerzbank, Germany's second largest bank, and still partially owned by the German government as a consequence of the last bailout, is well on the way.

One institution that I have been warning about for months is German banking giant Deutsche Bank.  On Monday, their stock fell another 5.77 percent to a fresh all-time closing low of 13.87.  I have been convinced that Deutsche Bank is going to zero for a long time, but these days it seems in quite a hurry to get there.

Of course Deutsche Bank is far from alone.  The following are other “too big to fail” European banks that have lost at least one-fifth of their value over the past two trading days…

-Barclays
-Royal Bank of Scotland
-Lloyds Banking Group
-Credit Suisse
-BNP Paribas
-Societe Generale
-UniCredit
-Intesa SanPaolo
-Banca Monte dei Paschi di Siena
-Banco Santander
-CaixaBank

This is what a full-blown financial crisis looks like, and U.S. banks have been getting hit very hard too

The Brexit contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%. This happens just two days after the Fed released its latest stress test results finding that none of the 33 banks tested would need additional capital in case of a “severe” financial crisis. That conclusion may be tested soon.

Meanwhile, the British pound continues to get absolutely pummeled.  As I write this, the GBP/USD is down to 1.32, and some are now warning that the British pound may hit parity with the U.S. dollar by the end of the year.

One of the reasons why I expect the British pound to continue to tumble is because the global elite have to show the British people that they made the wrong decision, and they need to scare off any other countries that would consider holding similar votes.

So it was no surprise that the elite had two of their major credit rating agencies downgrade the UK on Monday

Two major rating agencies downgraded the United Kingdom’s credit rating on Monday.

S&P Global Ratings lowered the UK to AA from AAA, with a “negative” outlook. And, Fitch cut its rating to AA from AA+, with a negative outlook as well.

And as I mentioned yesterday, Bank of America and Goldman Sachs have already projected that the UK economy is heading into recession.

As much economic and financial pain as possible will be inflicted upon the British people, and meanwhile they will be bombarded by mainstream news stories telling them that they made a stupid decision.

Hopefully the British people will stand strong and will not give in to the pressure.

But of course it isn’t just the British people that will be feeling the pain.  The Brexit vote has sent shockwaves all over the planet, and global investors are losing tremendous amounts of money.  For instance, here in the United States approximately 1.3 trillion dollars of stock market wealth has been wiped out so far…

Brexit isn’t just a European problem after all. The United Kingdom’s decision to quit the European Union is costing U.S. investors a pretty penny.

U.S.-based companies in the broad Russell 3000, including online advertising company Alphabet (GOOGL), software maker Microsoft (MSFT) and global bank JPMorgan Chase (JPM), have suffered a collective loss of $1.3 trillion since Friday’s shocker from the United Kingdom, according to a USA TODAY analysis of data from S&P Global Market Intelligence.

Hopefully tomorrow will be better.  It is very rare for global financial markets to crash for three days in a row, but it could happen.  More likely, however, is that we will see some kind of temporary bounce as long as some really negative event doesn’t hit the news.

But let there be no doubt about what has just happened.  The collapse of Lehman Brothers was the “trigger event” that really accelerated the crisis of 2008, and now it appears as though the Brexit vote will be the “trigger event” that greatly accelerates the crisis of 2016.

Global investors had already lost trillions over the past 12 months, and a full-blown financial implosion was going to happen no matter how the vote turned out, but thanks to British voters the fun and games have arrived early.

Unfortunately, only a very small fraction of the population understands just how bad things are going to get in the months ahead…

Video: What Brexit Means for Gold

Posted: 27 Jun 2016 03:55 PM PDT

Brexit is a bullish fundamental development for Gold because it could lead to the long-term collapse of the Euro, the second largest currency in the world. A potential outcome over the next year or two could be a rising US$ alongside a rise in Gold.

 

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