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Monday, July 18, 2016

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Lessons From the Worst Banking Crisis in History

Posted: 18 Jul 2016 01:00 PM PDT

Greece was on the ropes and the entire system about to collapse, so, of course they lied. Then they lied about lying. This raises a very reliable rule of thumb to keep in mind during (and before) a banking crisis:   Buy 90% Junk Silver at SD Bullion As Low As $1.99/oz Over Spot! From […]

The post Lessons From the Worst Banking Crisis in History appeared first on Silver Doctors.

Was Physical Buying a Major Factor in Gold and Silver’s Recent Price Increase?

Posted: 18 Jul 2016 12:00 PM PDT

Was physical gold and silver retail buying a major factor in the recent huge rally in gold and silver prices? 90% Junk Silver $100 FV Bags $1.49/oz Over Spot! Submitted by Smaulgld: Silver Sales American Silver Eagle Sales 2016 American Eagle sales through June 2016 are already higher than entire year mintages from 1986-2008. American […]

The post Was Physical Buying a Major Factor in Gold and Silver's Recent Price Increase? appeared first on Silver Doctors.

Big Money Is Going After Silver, Likely to Continue Buying Silver Until Public Becomes Involved – Bill Murphy

Posted: 18 Jul 2016 11:05 AM PDT

Bill Murphy Warned For Several Years That $18.50 Would Serve As A Trigger For Silver.  Sure Enough, Silver Prices Rocketed Higher After Reaching $18.50. Has the Road Been Cleared For A Mega Move to $50/oz, and Then On to $100?  We Invited the GATA Chairman Back On the Show This Week To Discuss What Comes Next […]

The post Big Money Is Going After Silver, Likely to Continue Buying Silver Until Public Becomes Involved – Bill Murphy appeared first on Silver Doctors.

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A FINAL & Terrible Crash is IMMINENT! – Bo Polny

Posted: 18 Jul 2016 11:00 AM PDT

Bo Polny warns The FINAL TOP is IN, and a Final and Terrible Crash is Imminent…   90% Junk Silver $100 FV Bags $1.49/oz Over Spot! Submitted by Bo Polny: What is the ‘Dow Theory’?   The theory was derived from 255 Wall Street Journal editorials written by Charles H. Dow (1851–1902), journalist, founder and […]

The post A FINAL & Terrible Crash is IMMINENT! – Bo Polny appeared first on Silver Doctors.

Gold Silver Ratio Is Collapsing! – London Asset Manager

Posted: 18 Jul 2016 10:51 AM PDT

“You can FEEL the change.” Ned Naylor Leyland informs listeners that the gold silver ratio collapsing is Confirmation…   Lowest Priced Silver Eagles  Download Podcast (Right Click + ‘Save As’) Buy 90% Junk Silver Coins at SD Bullion As Low As $1.49/oz Over Spot! LIVE and Historical Data

The post Gold Silver Ratio Is Collapsing! – London Asset Manager appeared first on Silver Doctors.

Western Central Banks Losing Ability to Control Gold and Silver Prices With Derivatives

Posted: 18 Jul 2016 10:30 AM PDT

It took longer than any of us thought it could but here we are:   Lowest Priced Silver Eagles   Submitted by Dave Kranzler, IRD: "Chinese miners are competing to secure gold assets, because there's a consensus that domestic demand will far outstrip local supply due to fast-growing investment demand," Wang Rong, an analyst at […]

The post Western Central Banks Losing Ability to Control Gold and Silver Prices With Derivatives appeared first on Silver Doctors.

The Gold Rally YOU DO NOT SELL: Legendary Gold Trader Jim Sinclair Issues “The Most Important Article You Will Ever Read”

Posted: 18 Jul 2016 10:03 AM PDT

The following urgent communication from the legendary Jim Sinclair is not an easy read, “But it is the MOST IMPORTANT Read of Your Lifetime…“   Lowest Priced Silver Eagles   From Jim Sinclair, JSMineset; I have asked Editor Dan to post Stockman’s article in total today on JSMineset because here is where we are now and […]

The post The Gold Rally YOU DO NOT SELL: Legendary Gold Trader Jim Sinclair Issues “The Most Important Article You Will Ever Read” appeared first on Silver Doctors.

The West Is Provoking A World War: ‘Russia Is Being Pushed To Its Limits’

Posted: 18 Jul 2016 10:00 AM PDT

Even Vladimir Putin has his limits… 90% Junk Silver Coins at SD Bullion $1.49/oz Over Spot!   From Jeremiah Johnson, SHTFPlan: Editor's Note: Tensions in Europe are heating up between Russia and Western nations. In an indicator of what's to come, it was reported today that Russian President Vladimir Putin has sacked every single commander in his […]

The post The West Is Provoking A World War: 'Russia Is Being Pushed To Its Limits' appeared first on Silver Doctors.

The Window to Prepare for the Collapse is CLOSING

Posted: 18 Jul 2016 09:05 AM PDT

Is the time for warning people to prepare for what is ahead coming to an end?    Buy 90% Junk Silver at SD Bullion As Low As $1.99/oz Over Spot! From Michael Snyder: Is the time for warning people to prepare for what is ahead coming to an end?  For years, bold men and women […]

The post The Window to Prepare for the Collapse is CLOSING appeared first on Silver Doctors.

Obtaining a Foreign Residency is a No-Brainer, Especially if You Have a Family

Posted: 18 Jul 2016 09:00 AM PDT

As things become increasingly desperate in Venezuela, more and more are scrambling for a way out of the country –  only to find that it's too late…   Buy 90% Junk Silver at SD Bullion As Low As $1.99/oz Over Spot!   From Simon Black, Sovereign Man: By 2014, inflation was at 50% in Venezuela. Just paying […]

The post Obtaining a Foreign Residency is a No-Brainer, Especially if You Have a Family appeared first on Silver Doctors.

Getting It All Wrong

Posted: 18 Jul 2016 07:31 AM PDT

After perusing the internet and Twitter over the weekend, I find the level of misunderstanding in the gold space to be astonishing. The paper derivative price of "gold" fell last week because of the huge rise in the USDJPY and the spike in interest rates that accompanied it. That's it. That's why. That's all you need to know.

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More Deflation Ahead: Silver, Gold And Their Mining Stocks A Must-Have

Posted: 18 Jul 2016 02:13 AM PDT

Are you ready for the next leg of deflation? Where the real pain will be felt (mainly) because the collapse of commodities and oil, in particular, will be accompanied by the collapse of the US stock market. Due to the size of the cycles involved, it is very difficult for most to comprehend the continued…

Ups and Downs in Oil and Gold

Posted: 18 Jul 2016 01:12 AM PDT

The Gold Report

Jim Rickards On Financial Reform, Corruption, and Gold

Posted: 18 Jul 2016 01:10 AM PDT

Le Cafe Américain

Breaking News And Best Of The Web

Posted: 17 Jul 2016 06:44 PM PDT

Helicopter money is coming. Attempted coup fails in Turkey. Stocks recover on promise of massive new stimulus from Japan and UK and suspiciously good growth numbers from US and China. Gold corrects and interest rates rise. Banks report pretty good earnings, trucking firms and oil companies not so much. Another big terrorist attack in France […]

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

Gold at 2011-2012 Trendline; Major Decision Point

Posted: 07 Jul 2016 01:23 PM PDT

Video: Gold Investment Demand & Gold Price in Foreign Currencies

Posted: 06 Jul 2016 04:56 PM PDT

GLD is a real-time indicator of investment demand for Gold. Investment demand drives Gold both up and down. Also, Gold/FC is now within 10% of its all time high.

 

‘Currency Crash’ Drives British Pound To A 31 Year Low As Deutsche Bank Sinks To The Lowest Level Ever

Posted: 06 Jul 2016 02:48 PM PDT

British Pound Brexit - Public DomainThe fallout from the Brexit vote continues to rock the European financial system.  On Wednesday, the British pound dropped to a fresh 31 year low as confidence in the currency continues to plummet.  At one point it had fallen as low as $1.2796 before rebounding a bit.  As I write this, it is still sitting at just $1.293.  Meanwhile, the problems for the biggest banks in Europe just continue to mount.  At one point on Wednesday Credit Suisse hit an all-time record low, and German banking giant Deutsche Bank closed the day at an all-time record closing low of 12.93.  Overall, Europe’s Stoxx 600 Bank Index closed at the lowest level in almost five years.  What we are watching is a full-blown financial meltdown in Europe, but because it is not personally affecting them yet, most Americans are not paying any attention to it.

The collapse of the British pound that we have seen since the Brexit vote has been nothing short of breathtaking.  In fact, CNN says that this “is what a currency crash looks like”…

This is what a currency crash looks like. The pound has slumped to $1.28, its lowest level in more than three decades.

Investors are dumping the pound following Britain’s vote to leave the European Union on June 23. The pound has dropped roughly 15% since the referendum day, when it reached $1.50.

After appearing to stabilize, the pound resumed its decline this week after three big asset management firms halted withdrawals from real estate investment funds.

Of course this is likely only just the beginning.  There are some analysts that are suggesting that the British pound could eventually hit parity with the U.S. dollar at some point.  We are seeing seismic shifts on the foreign exchange market right now, and this is going to affect trillions of dollars worth of currency-related derivatives.  It will be exceedingly interesting to see how all of this plays out.

Meanwhile, Deutsche Bank continues to get absolutely hammered.

If the biggest and most important bank in Germany is not completely imploding, then why does the stock price continue to crash time after time?

Since the start of 2016, the value of Deutsche Bank has fallen by half, and many have pointed out that the trajectory that it is on is very, very similar to Lehman Brothers in 2008.

My regular readers are probably sick and tired of hearing me warn about Deutsche Bank, so today I will let someone else do it.  According to an article that was just published by the BBC, Deutsche Bank is now “the most dangerous bank in the world”…

Deutsche Bank shares hit a new record low today. It’s value has halved since the beginning of the year.

So is it now the most dangerous bank in the world?

According to the International Monetary Fund – yes.

Last week, the IMF said that, of the banks big enough to bring the financial system crashing down, Deutsche Bank was the riskiest. Not only that, Deutsche Bank’s US unit was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.

At this point Deutsche Bank is scrambling to raise cash to stave off an imminent implosion.  Just today, I came across a report about how they plan to sell at least a billion dollars worth of shipping loans in order to bring in some much needed funds.  Many of the steps that they are taking are reminiscent of what Lehman Brothers tried to do just prior to their collapse, and that alone should tell you something.

At the same time all of this is going on, things in Italy just continue to get even worse.  As of this moment, approximately 17 percent of all bank loans held by Italian banks are considered to be “non-performing”.  In other words, they are absolutely swamped by bad debts.  At the height of the 2008 crisis, only about 5 percent of the loans held by U.S. banks were bad.  So what we are watching unfold in Italy right now could definitely be described as “cataclysmic”.

Since the Brexit vote, Italian banks have been hit harder than anyone else.  The following comes from CNN

Shares in Italy’s Banca Monte Dei Paschi Di Siena have crashed 45% in 10 days, forcing regulators to temporarily ban short-selling in the stock. The bank has been given until Friday to come up with a plan to reduce its bad loans by 40% by 2018.

It’s not alone. Other Italian bank stocks have fallen by about 30% since June 23, when the U.K. voted to leave the European Union. Italian officials are trying to find ways to shore up the country’s financial system.

Italian banks have been choking on bad debt for years, but the U.K. vote has thrown their problems into sharp relief.

Personally, I have been amazed that the European financial system has been able to hold it together for this long.  A total collapse was inevitable, but I really thought that it would have started before now.  Up until this time we have seen small crisis after small crisis, but in 2016 the full-blown meltdown has finally arrived.

And this growing crisis in Europe is going to have a dramatic impact on the entire planet.  Everywhere you look the economic fundamentals are getting worse, and if you won’t believe me, perhaps you will believe this editorial by Tim Quast on CNBC

The bottom line is that the fundamentals of the economy and market don’t look good: Whoever you’re listening to — the Federal Reserve, to the Organization for Economic Cooperation and Development, to the International Monetary Fund — hoary heads of the dismal science see deepening malaise worsened by the Brexit, creaky European banks, possible copycat flight from the euro zone — even a slowdown for the U.S.

Can a market characterized by declining money flows, weakening fundamentals and arbitrage that has posted no material gain in over 18 months gather steam? Anything is possible. But it’s not a sound conclusion.

Whenever I post an article about Europe, it tends to get significantly less response than many of my other articles do.

But I hope that my fellow Americans will start paying attention to this growing crisis, because it is going to deeply affect all of us.

What is happening to the European financial system right now is truly history in the making, and I believe that it is going to be one of the biggest news stories of the second half of 2016.

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