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Wednesday, June 8, 2016

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US Gov More Concerned About Silver Than Gold – David Morgan

Posted: 08 Jun 2016 01:00 PM PDT

Silver Guru David Morgan has an alert for silver bullion stackers… Numbered Rim, Only 2,500 Minted!

The post US Gov More Concerned About Silver Than Gold – David Morgan appeared first on Silver Doctors.

Gold – A Reasonable Correction Completed, Or A Price Manipulated Casino?

Posted: 08 Jun 2016 12:00 PM PDT

This card has been played successfully yet again, with the bullion banks first creating and then destroying nearly 100,000 contracts, lifting the profits from hapless bulls in the Comex market. The fall in gold prices in May has less to do with a change in outlook for the gold price, and more with the way […]

The post Gold – A Reasonable Correction Completed, Or A Price Manipulated Casino? appeared first on Silver Doctors.

Forget Dominic Chappell - it is Sir Philip Green who has a lot of explaining to do over the collapse of BHS

Posted: 08 Jun 2016 11:46 AM PDT

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

Two Charts Investors MUST SEE As The Markets Begin To CRACK

Posted: 08 Jun 2016 11:00 AM PDT

The Markets Have Begun to CRACK. WAKE UP AMERICANS –  You're Invested In Soon To Be Worthless Paper Assets… From SRSRocco: A SERIOUS CRACK appeared in the markets today.  This was due to the lousy payroll report of only 38,000 new jobs for May.  The market expected 160,000 new jobs, but it turned out to be more […]

The post Two Charts Investors MUST SEE As The Markets Begin To CRACK appeared first on Silver Doctors.

“The Whole Economy Has Imploded…Collapse Is Coming” – Peter Schiff

Posted: 08 Jun 2016 10:00 AM PDT

“We’re Going to Have a Crisis” Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse. Today, Schiff continues to argue that the economy is on a downhill trajectory, and this time there'll be no stopping it…   From  Mac Slavo,SHTFPlan.com, Back before 2008 Peter Schiff was harshly criticized […]

The post “The Whole Economy Has Imploded…Collapse Is Coming” – Peter Schiff appeared first on Silver Doctors.

The Midas Touch Consulting Report

Posted: 08 Jun 2016 09:20 AM PDT

The Silver GoldSpot

Crisis Watch – June Update

Posted: 08 Jun 2016 09:00 AM PDT

The only thing left to watch for is another major financial crisis so large that it could lead to major monetary system change… Submitted by Larry White:  Because such an event is impossible to predict from a timing standpoint, I decided to end my daily articles  since it could be a long time before another […]

The post Crisis Watch – June Update appeared first on Silver Doctors.

Gold and Silver Price Managers Strike-Out Again!

Posted: 08 Jun 2016 08:54 AM PDT

Something is different…   Submitted by PM Fund Manager Dave Kranzler:  It's becoming monotonous.   The precious metals get the obligatory price hit at 6 p.m. EST when the CME's Globex electronic trading system re-opens after taking about an hour break from manipulating markets.  Then gold/silver rally throughout the eastern hemisphere trading hours, which wind […]

The post Gold and Silver Price Managers Strike-Out Again! appeared first on Silver Doctors.

TSA Long Lines Part Of Scheme to Move Americans to Mandatory “Biometic Background Pre-Check System”

Posted: 08 Jun 2016 08:00 AM PDT

For now, this Pre-Check system is an elite path to bypassing the rigor and discomfort of TSA screenings and speed up the hassle of traveling. In the long run, it is part of the biometic ID grid that will place everyone under preemptive suspicion and real-time, global surveillance and monitoring…   Submitted by Mac Slavo: […]

The post TSA Long Lines Part Of Scheme to Move Americans to Mandatory "Biometic Background Pre-Check System" appeared first on Silver Doctors.

Don’t Tread On Me Silver Bullion Blowout – Doc’s Deal!

Posted: 08 Jun 2016 07:57 AM PDT

2016 1 oz Silver Shield DTOM Just $1.99 Over Spot, ANY QTY! *$1.99 Over Spot Any Qty Sale Available through 5pm EST 6/10 or while supplies last

The post Don’t Tread On Me Silver Bullion Blowout – Doc’s Deal! appeared first on Silver Doctors.

US Debt Clock Shows Real Value of Silver & Gold $813 & $7,340/oz!

Posted: 08 Jun 2016 07:42 AM PDT

From Greg Hunter: On the U.S debt clock showing gold being priced thousands of dollars more than it is priced in the markets, and also silver priced hundreds of dollars higher, David Morgan says, "I think it is $812 silver and gold $7,300. What that is is year-over-year increases in M2 money supply and yielding […]

The post US Debt Clock Shows Real Value of Silver & Gold $813 & $7,340/oz! appeared first on Silver Doctors.

Gold & Silver Rally Resumes, Silver Climbs Swiss Staircase to $17!

Posted: 08 Jun 2016 06:45 AM PDT

Whelp, that didn’t take long…     Yesterday morning, we published Stewart Thomson’s analysis of the gold and silver market post last Friday’s horrific jobs report, a report that Thomson called “Rocket Fuel For Gold Prices“, and Thomson warned that gold and silver’s consolidation period could very well be measured in hours.    It certainly […]

The post Gold & Silver Rally Resumes, Silver Climbs Swiss Staircase to $17! appeared first on Silver Doctors.

May Global Economic Growth and Gold

Posted: 08 Jun 2016 05:20 AM PDT

SunshineProfits

Venezuela Currency Collapse – Lessons for the US, Inflation, Starvation

Posted: 08 Jun 2016 04:12 AM PDT

Zero Hedge had an interesting article about 8 lesson the US can learn from Venezuela. You can read it here:Lessons From Venezuela

Venezuela Currency Collapse - Lessons for the US Inflation, Starvation

The Venezuela Currency Collapse, in fact the collapse of an entire nation is happening right before our eyes. Almost every day we read stories about how things are worse than the were the day before. And we thought the day before was horrific enough. You may have read a story in the New York Times a few days ago about hospitals not having enough water to wash blood off the operating tables, no sterilization available and rather than disinfecting with alcohol doctors were disinfecting their hands with seltzer. You should read the article to get a flavor of the horror unfolding.

There are severe shortages in basic necessities and people are waiting on hours long lines and sometimes still coming away empty handed. Even worse imagine waiting on lines for hours and finally getting some food to feed your starving children. Then being robbed of the food you just waited for. Desperate times cause people take desperate measures the wouldn't normally have taken.

The Zero Hedge article is worth reading and you can get it here. Lessons From Venezuela

This collapse is not happening because Venezuela was hit by a war, major natural disaster, terrorist attack, or some other cataclysmic natural occurrence. To quote the zerohedge article "When debt spirals out of control, currency manipulation goes too far and government interference reaches ridiculous extremes, this is what can happen to an economy."

I don't want to repeat the article but amplify some points. Shortages can happen very quickly in basic food necessities. Changes in what your can eat may be limited by what is available. When people become hungry they become desperate and take desperate measures. Crime may spike up as people scramble for the available food.

Medical care may become limited both in the number of patients that can be helped and also the quality of care because basic hospital necessities aren't available.

During a currency meltdown owning precious metals such as gold and silver becomes much more important. Venezuela has had to ship 2.3 billion dollars of gold to Switzerland because the bankers would not take their paper currency any longer. So much for bankers faith in a fiat paper currency "Backed by the full Faith in the Government that printed it.

But how did Venezuela get into this predicament? It's sitting on one of the world's largest oil reserves. How can this be? But Venezuela's path is similar in several ways to the path the US has taken. Venezuela's tale, if we heed it, can serve as a cautionary tale for the US and guide us away from the same shoals and rocks as Venezuela is breaking up on.

In our next video we will talk more about how Venezuela has gotten to this point. What are the similarities with the US and what we can do to avoid the same fate. We will talk about role precious metals should have in diversifying your portfolio and protecting your future.

Be sure to listen to the Precious Metals Investing podcast. It can now be found on both iTunes and also Google Play Music for android users.

Precious Metals Investing podcast on iTunes

Precious Metals Investing podcast on Google Play Music

The post Venezuela Currency Collapse – Lessons for the US, Inflation, Starvation appeared first on PreciousMetalsInvesting.com.

Jobs Report Changes the Landscape for Gold

Posted: 08 Jun 2016 12:00 AM PDT

The Gold Report

Nobody Knows Anything, A Book Review

Posted: 07 Jun 2016 07:00 PM PDT

Nobody Knows Anything: Learn to Ignore the Experts, the Gurus and Other Fools is the latest book written by Bob Moriarty, a former fighter pilot and longtime proprietor of 321Gold, one of oldest and most widely followed gold websites. In the book Bob touches on his own experience both in life and in the markets to distill numerous nuggets of wisdom that can help us in our pursuit of profit in the markets. The book is particularly important for gold investors who are frequently bombarded by information that is mostly bad, outright false and otherwise irrelevant.

Bob begins the book by discussing and sharing stories from one of my personal favorite books, Extraordinary Popular Delusions and the Madness of Crowds. This book was written in 1841 and documents over centuries repeated nonsense and idiocy throughout society. Part of the book discusses economic bubbles and that is why it has become a classic for those of us who participate in the markets. Bob concludes the chapter by rightfully urging all of us to take responsibility for our own investment decisions.

Another key nugget which Bob develops both early and later in the book is the difference between signal and noise. A signal is a fact that is objective or can be objectively verified. Most sentiment indicators are signals. Examples include surveys like the bullish consensus (which Bob notes) and speculative positions in Gold or any other commodity. Bob uses the example that in April 2011 the Sprott Silver ETF was trading 25% above its net asset value.  An example of noise would be the thought that the paper gold market will vanish and Gold will trade at its true physical price. See the difference? Signals are objective.

In my opinion the book gets better in the later chapters as Bob discusses bias, agendas, claims of manipulation, reliance on gurus and when to sell.

Bob believes that Gold and other metals will become bubbles in the years ahead but he argues that the bulls will lose because they will never sell and want to keep gambling. Knowing when to sell is extremely difficult as bubbles can run out of control. In addition to urging us to remember to take profits Bob notes that selling a position in fractions makes the most sense. For example, Bob suggests selling 30% after the position doubles and another 30% if it doubles again.  In fact, this is how professionals do it. They are smart enough to know they cannot sell out at the exact top. If they have a big winner they likely will take profits periodically as gains are booked and their risk is reduced.

One thing I respect Bob for is he is quick to call out the Gold "manipulation conspiracy" crowd for their ongoing sideshow which can be put in the noise category. Bob correctly points out that all markets have been manipulated over time and if Gold and Silver were artificially suppressed as some believe then they would not have enjoyed the fantastic performance they had from 2001 to 2011. (Nevermind that the trends in real interest rates, the fundamental driver of Gold explain its ups and downs over the past 16 years).

Moreover, Bob educates us about "buzz words" and draws on his own personal experience to illustrate the nonsense with phrases such as "gold derivatives time bomb" and "commercial signal failure." Again, this is noise and not objective information that can help us profit. Unless it is helping you make money it is noise. (As an aside if it has helped anyone make money, I welcome the chance to hear about it).

I hope precious metals newbies especially read Bob's book and seek out sources for objective information and analysis, including Bob himself. I've found Bob's market timing calls for precious metals to be quite good. After all, he started his website literally at the start of the secular bull market. There is a chance to make a lot of money in the years ahead but please educate yourself with this book and other sources of legitimate and objective, fact-based analysis. I commend Bob for his book and for being one of the voices of reason in a space that needs more of them.

 

 

Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com

Breaking News And Best Of The Web

Posted: 07 Jun 2016 06:00 PM PDT

US markets stop worrying about Fed rate hike; stocks, oil, gold rise. 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 big banks and by extension […]

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

Jobs Report Changes the Landscape for Gold

Posted: 07 Jun 2016 01:00 AM PDT

Gold soars as chances for a Fed rate hike this month evaporate. Brien Lundin, editor of Gold Newsletter, details what that means for investors.

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