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Tuesday, July 5, 2016

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Price Of Silver Explodes Past 20 Bucks An Ounce As The European Banking Crisis Deepens

Posted: 05 Jul 2016 01:30 PM PDT

Is the price of silver suddenly pricing in a global financial contagion triggered by the collapse of Italy’s banking system, or has Chinese hot money turned its focus to buying silver? Buy Pre-1965 90% Silver Bags at SD Bullion As Low As $1.99/oz Over Spot! Submitted by Michael Snyder, The Economic Collapse Blog: Have you seen […]

The post Price Of Silver Explodes Past 20 Bucks An Ounce As The European Banking Crisis Deepens appeared first on Silver Doctors.

Feeling Lucky? Gold Speculation Using Options For Leverage

Posted: 05 Jul 2016 01:01 PM PDT

Jim Rickards Knows the Gold Price Is Capped – Rob Kirby

Posted: 05 Jul 2016 01:00 PM PDT

In this provocative interview, derivatives expert Rob Kirby discusses the Secret bailout of Long Term Capital (LTC), based on Italy secretly leasing out its gold, using the freed-up gold and selling it into the market…with LTC employees sworn to secrecy. Jim Rickards knows the price of gold is capped… Invest in Silver Coins and Buy 10 […]

The post Jim Rickards Knows the Gold Price Is Capped – Rob Kirby appeared first on Silver Doctors.

Rye Patch Gold: Dilutive Financing Limits Upside, Buy West Kirkland Mining For Nevada Gold Exposure Instead

Posted: 05 Jul 2016 12:54 PM PDT

Elites Issue Call To Rise Up Against ‘Ignorant Masses”

Posted: 05 Jul 2016 12:00 PM PDT

It is time for the elites to rise up against the “fist shaking, mindless, angry, ignorant, know nothing masses”… Buy 90% Silver Coins at SD Bullion As Low As $1.99/oz Over Spot! Live and Historical Market Data, Charts, and PM Prices:

The post Elites Issue Call To Rise Up Against ‘Ignorant Masses” appeared first on Silver Doctors.

“This Is the Match That Ignites the Powder Keg”: Gold Surges As Brexit Sparks Huge Financial Crisis

Posted: 05 Jul 2016 11:00 AM PDT

The crisis has reached a tipping point, and is about to unfold in a massive way. GMO-Free Long Term Food Storage With Organic Superfoods! From Mac Slavo, SHTFPlan: And with it, gold will began to soar, as it serves a time-tested safe haven from extreme currency manipulations and, at least to some extent, global shock […]

The post "This Is the Match That Ignites the Powder Keg": Gold Surges As Brexit Sparks Huge Financial Crisis appeared first on Silver Doctors.

Sweden’s Largest Gold and Silver Dealer’s Bank Accounts Closed, Shut Out of Banking System!

Posted: 05 Jul 2016 10:09 AM PDT

With European capital scrambling into gold following BREXIT, the cartel just played their hand. The plan this time is NOT door-to-door confiscation, but simply to SHUT DOWN the best gold and silver dealers the moment the public begins to wake up…    2 oz Silver Queen's Beasts  Just $2.89 Over Spot, ANY QTY At SD Bullion! The cartel […]

The post Sweden’s Largest Gold and Silver Dealer’s Bank Accounts Closed, Shut Out of Banking System! appeared first on Silver Doctors.

The Time Window to Prepare Has Almost Closed

Posted: 05 Jul 2016 10:00 AM PDT

Are You Ready? Invest in Silver Coins and Buy 100 oz Silver Bars at SD Bullion Latest PM Market Data, Charts, Prices:

The post The Time Window to Prepare Has Almost Closed appeared first on Silver Doctors.

Gold and Silver Porn

Posted: 05 Jul 2016 09:30 AM PDT

After a WILD weekend that saw silver prices run from $19 to $21.19 and back to $19.50, PM Fund Manager Dave Kranzler offers some “gold and silver porn for your viewing pleasure“…    2 oz Silver Queen's Beasts  Just $2.89 Over Spot, ANY QTY At SD Bullion! Submitted by Dave Kranzler, IRD:     Buy […]

The post Gold and Silver Porn appeared first on Silver Doctors.

Onward Toward Bullion Bank Collapse - UPDATED

Posted: 05 Jul 2016 09:14 AM PDT

Since writing this report on June 25, The Banks have surged total Comex gold open interest by another 22,000 contracts or 3.5%, all in a desperate attempt to contain the "price" of gold below the post-Brexit highs.

<Again, this update and the original post are both public threads.>

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India’s Dramatic Hidden Demand For GOLD

Posted: 05 Jul 2016 09:00 AM PDT

With the dramatic run-up in paper derivative forms of gold relative to the amount of physical gold available to deliver into those paper claims, it would be a grave mistake for the bullion banks to underestimate the amount of physical gold disappearing into private hands…   Buy 90% Silver Coins at SD Bullion As Low […]

The post India's Dramatic Hidden Demand For GOLD appeared first on Silver Doctors.

Breakout! Silver Has Begun HISTORIC Run-Up – Jim Willie

Posted: 05 Jul 2016 08:48 AM PDT

Gold has broken the gates down with the British Exit vote, pushing its price over the tough stubborn $1300 resistance line. In the following days it has been adding to its gains. But Silver has emerged amidst the political smoke and deceptive din to ride hard through the gate. Silver is on a RAMPAGE, and […]

The post Breakout! Silver Has Begun HISTORIC Run-Up – Jim Willie appeared first on Silver Doctors.

Investigator’s Shock 9/11 Claim: Gold ‘Vault Contents Emptied Before Attack…They Knew It Was Going To Happen’

Posted: 05 Jul 2016 08:31 AM PDT

Unknown to most people at the time, $650 million in gold and silver was being kept in a special vault four floors beneath Four World Trade Center…      2 oz Silver Queen's Beasts  Just $2.89 Over Spot, ANY QTY At SD Bullion! Submitted by Mac Slavo, SHTFPlan: The attacks of September 11th, 2001 will […]

The post Investigator's Shock 9/11 Claim: Gold 'Vault Contents Emptied Before Attack…They Knew It Was Going To Happen' appeared first on Silver Doctors.

Spec Drivers Continue To Surge

Posted: 05 Jul 2016 08:30 AM PDT

Again, it's very important to realize that the "price" of gold will only rise further if there is continued demand from speculators for the paper derivative. Therefore, it's a good thing that the key drivers of this speculative demand have only gotten stronger over the past few days.

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Brexit, Negative Yields and Gold

Posted: 05 Jul 2016 08:22 AM PDT

SunshineProfits

Silver Price Forecast: Silver Prices Will Move Much Higher And Faster Than Most People Think

Posted: 05 Jul 2016 04:57 AM PDT

Silver Price Forecast 2017 / 2016 Historically, the silver price has a tendency to decline and rise way more and faster than most people expect. The recent 5-year decline is a good example of a decline that went lower than expected. There are good reasons for this, but we often miss it due to our…

Visible Gold Unearthed at Newmarket's Fosterville Mine

Posted: 05 Jul 2016 01:00 AM PDT

Assay results from Newmarket Gold's Harrier South gold system have confirmed the potential for expansion at the company's Fosterville Gold Mine in Australia.

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Why This Money Manager Is Going Long on Gold Equities

Posted: 05 Jul 2016 01:00 AM PDT

Howard Flinker has been managing money for a long time and is always on the lookout for cyclical opportunities. Right now gold and silver companies are on his radar. Increasing demand from Asia and...

Visit the aureport.com for more information and for a free newsletter

Buy Signals in Place for Gold, Silver, Oil

Posted: 04 Jul 2016 11:00 PM PDT

The Gold Report

Breaking News And Best Of The Web

Posted: 04 Jul 2016 06:44 PM PDT

Great Bill Fleckenstein interview. Gold generates massive buzz. US growth subdued, Japan growth nonexistent. Lots of speculation about the end of the EU. UK in turmoil post-Brexit as Labour votes to oust leader, Boris Johnson drops out of PM race, and Nigel Farage leaves UKIP. Stocks recover worldwide as Brexit fears wane. Interest rates continue […]

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

The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens

Posted: 04 Jul 2016 04:24 PM PDT

Silver Coins 2 - Public DomainHave you seen what the price of silver has been doing?  On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48.  Earlier today it actually surged above 21 dollars an ounce for a short time before moving back just a bit.  In late March, I told my readers that silver was “ridiculously undervalued” when it was sitting at $15.81 an ounce, and that call has turned out to be quite prescient.  The Friday before last, silver started the day at $17.25 an ounce, and it is up more than 18 percent since that time.  Overall, silver is up more than 30 percent for the year, and that makes it one of the best performing investments of 2016.  So what is causing this sudden surge in the price of silver?  This is something that we will discuss below…

This sudden spike in the price of silver has definitely caught a lot of analysts off guard.  Some are suggesting that the fact that the Fed is now less likely to raise rates after the Brexit and the fact that the dollar has been slipping a bit lately are the primary reasons for silver’s rise

This isn't a gradual increase either. It's an explosive growth spurt. Just three months ago silver had reached an 11 month high. Now silver prices have reached a 23 month high. Several factors appear to be influencing these gains, including a weakening dollar, and the fact that the Fed may cut interest rates in light of the Brexit vote.

Personally, I don’t buy those explanations.

To me, the continuing implosion of major banks over in Europe is the main factor that is driving investors to safe haven assets such as silver.

Rumors continue to spread that Deutsche Bank is essentially insolvent at this point, and many are watching for the imminent collapse of the largest and most important bank in Germany.  When this happens, it will be a much, much more cataclysmic event for the global financial system than the collapse of Lehman Brothers was back in 2008.

But today I want to focus on the ongoing implosion of the major banks in Italy.

Italy has the 8th largest economy on the entire planet, and their banks are drowning in approximately 400 billion dollars worth of non-performing debt.

The Italian government would like to bail these banks out, but the rest of the EU appears ready to block that effort because it would violate EU rules.  As a result, the big Italian banks experienced a bloodbath on Monday

Italy's Banca Monte dei Paschi di Siena SpA BMPS, -13.99% closed down 14%. The move came after a report that the European Central Bank is pushing the lender to draft a new plan aimed at reducing non-performing loans.

Other Italian bank shares were lower, with Banca Popolare dell'Emilia Romagna BPE, -6.73% down 6.7%, Intesa Sanpaolo SpA ISP, -3.04% off 3% and Banca Popolare di Milano SpA PMI, -1.40% lower by 1.4%.

And these stunning declines come on the heels of last week’s nightmare

As a reminder, the Euro Stoxx Banks index was down -0.88% last week and is nearly 19% down from its pre-referendum levels. Italian Banks are at the heart of that weakness with the likes of Unicredit, Intesa, Banco Monte dei Paschi and UBI down -9.78%, -3.44%, -15.79% and -6.11% respectively last week, in the process sending Italian stocks to levels not seen since Draghi’s famous “whatever it takes” speech.

So what happens when all of the major banks of a country collapse at the exact same time?

Basically, Italy is facing “financial Armageddon” if nothing is done, and so some Italian politicians are desperate to step in and do something about this crisis even if it means defying the EU

The Financial Times reported Sunday that Italy was prepared “to defy the EU and unilaterally pump billions of euros into its troubled banking system if it comes under severe systemic distress … despite warnings from Brussels and Berlin over the need to respect rules that make creditors rather than taxpayers fund bank rescues.”

Citing “several officials and bankers familiar with the plans,” the FT said that the threat has raised alarm along Europe’s regulators “who fear such a brazen intervention would devastate the credibility of the union’s newly implemented banking rule book during its first real test.”

But of course the rest of the EU is not about to let this happen because it would be a gross violation of European Union rules

Michael Hewson, chief market analyst at CMC Markets UK, said: “Under current EU state aid rules any attempts to help banks must involve a bail-in process that doesn't involve using taxpayer's money.

“Italian Prime Minister Matteo Renzi has tried to argue that the Brexit uncertainty has destabilised Italy's already fragile banks.

“The reality is the problems of Italy's banks predate last week's Brexit vote, and he knows it.”

So what is going to happen?

Could Italy be forced to leave the EU?

Will the rest of the European Union eventually cave in and save Italy?

We all remember how difficult it was for the EU to save Greece, and they are just the 44th largest economy on the planet.

So where in the world are they going to come up with the resources to rescue the 8th largest economy on the planet?

Immediately following the Brexit vote on the Friday before last, we witnessed the biggest one day global stock market loss in world history.  But since that time many global markets have bounced back, and a lot of people seem convinced that the crisis has passed.

Unfortunately, the truth is that the crisis is just getting started.  As I warned before the Brexit vote, European banks were going to continue to implode no matter what the result was, and that is definitely what we are seeing come to pass right now.

Without bailouts, virtually all of the major banks in Italy are going to fail.  It is just a matter of time.  And each of those failures would send financial shockwaves all over the planet.

Personally, I am convinced that the second half of 2016 is going to be even more eventful that the first half of 2016, and this new global economic crisis is going to continue to accelerate.

Unfortunately, most Americans are preoccupied reading about Taylor Swift’s new boyfriend and things of that nature, and so they are totally oblivious to the global events that are about to turn their lives totally upside down.

Reserves and Resources: A Primer for the Lay Investor

Posted: 04 Jul 2016 04:00 PM PDT

The Gold Report

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