Gold World News Flash |
- Nomi Prins – Central Banks in Panic Mode?, Gold & the Potential Ban of Cash, TBF Banks
- How to Get a Gold Backed Debit Card & Self Directed IRA in Precious Metals — Gus Demos
- Capital Controls Are Coming
- The 2016 GREAT Credit Collapse & Gold, Silver Explosion
- Charts With More Words Than COMEX Has Registered Ounces!
- BREAKING NEWS: COMEX Registered Gold Inventories Plummet 73% In One Day
- US, China Stocks Tumble After Industrial Profits Plunge
- OPEC Pleads for Russian Alliance to Smash Oil Speculators
- 75% of World’s Fish have been Wiped Out by Mankind … Collapse of Marine Ecosystems Now Imminent
- The Coming Revaluation of Gold
- China Buys All the Gold Produced in 2015 (and more)
- Gold is in a ‘Flight to Safety’ – Cup and Handle?
- Terror Plot To Attack Masonic Temple Thwarted!
- The Luxury Housing Bubble Pops
- Italian Bank Panic & Bail-In – The Next Domino To Fall
- Clueless in Davos
- US, China Stocks Tumble After Industrial Profits Plunge
- The Economic Collapse Is Now Spreading To All Sectors Of The Economy
- Gold Price Smashed Through it's Resistance Shooting up $15.50 to $1,121.70
- Capital Controls Are Coming
- ECONOMIC CRASH COMING SELL EVERYTHING SAYS RBS
- Something Snapped At The Comex
- END GAME: IT'S ALL FALLING APART -- Andy Hoffman
- TF Metals Report: New record low Comex gold inventory
- Michael Savage Donald Trump Interview - 1/26/16
- Michael Moore's 'WHERE TO INVADE NEXT' - Official Trailer
- Gold Daily and Silver Weekly Charts - Fed Rate Decision Tomorrow, Registered Gold Plunges
- In Praise of Sarah Palin…
- Gold Registered for Delivery at the CME Warehouses Plunges To a New Low
- Koos Jansen: China stops publishing Shanghai exchange's gold withdrawals
- Harry Dent : Dow of 5,500-6000 by early 2017
- Is The FBI Ready To Indict Hillary Clinton?
- The Price Of Oil Is Sliding Again
- CANADIANS PANIC as Food Prices SKY ROCKET On Collapsing Currency !
- China's gold imports from Hong Kong jump to highest since 2013
- The Human Cost Of China's Economic Slowdown
- Canadian Dollar Will Drop To HALF A CENT USD! - What You Need To Know
- Gold Is In a 'Flight To Safety' - Cup and Handle?
- Clueless in Davos
- Harry S. Dent @HarryDentjr @economymarkets: On The Cliff
- Obama Prepares For W-ar To Save US Dollar From Collapse in Feb 2016
- The Game Is Rigged! Ammon Bundy is doing Something About It!
- Gold Price Revaluation Coming To $22,000 Per Ounce?
- Dovish Fed to Send Gold Higher
- Inception Mining's Diverse Batch of Assets Offers Production Now, Growth Later
| Nomi Prins – Central Banks in Panic Mode?, Gold & the Potential Ban of Cash, TBF Banks Posted: 27 Jan 2016 12:30 AM PST from Goldbroker: Dan Popescu’s exclusive interview with Nomi Prins: International codependency of countries. Have central banks reached their limit? Are central banks in panic mode? Too big to fail banks. Gold and the potential ban of cash. Gold vs the US dollar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How to Get a Gold Backed Debit Card & Self Directed IRA in Precious Metals — Gus Demos Posted: 26 Jan 2016 11:30 PM PST from TheDollarVigilante: Jeff interviews Gus Demos of Perpetual Assets, topics include: an ATM-debit card backed entirely by precious metals, self directed IRAs, the LLC IRA, holding physical metals as an IRA, legal issues around IRAs, government seizure of IRA funds and forcing them into treasury bills, bank accounts getting increasingly controlled and hard to get, precious metals are bail-in proof. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Jan 2016 11:00 PM PST by Nick Giambruno, Casey Research:
The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports. At that point, the government is free to help itself to as much of the country's wealth as it wants. It's an all-you-can-steal buffet.
This story has recently played out in Greece, Cyprus, Argentina, and Iceland. And those are only a few recent examples. It's happened in scores of other countries throughout history. And I think it's inevitable in the U.S. I believe the U.S. dollar will lose its role as the world's premier reserve currency. When that happens, capital controls are sure to follow. This is why it's crucial to your financial future to understand what capital controls are, how they are used, and what you can do to protect yourself. Why Governments Impose Capital ControlsThink of the government as a thief trying to steal your wallet as you (understandably) try to run away. With capital controls, the thief is trying to block all the exits so you can't reach safe ground. A government only uses capital controls when it's desperate…when it can no longer borrow, inflate the currency, tax, or steal money in one of the "normal" ways. In most cases, governments use capital controls in severe crises. Think financial and banking collapses, wars, or chronic economic problems. In other cases, they're just a way to control people. It's much more difficult to leave a country when you can't take your money with you. Regardless of the initial catalyst, capital controls help a government trap money within its borders. This way, it has more money to confiscate. As strange as it sounds, capital controls are often politically popular. For one, they are a way for a government to convince people it's "doing something." The average person loves that. Two, a government can usually convince people that moving money offshore or investing in foreign assets is only for rich tax evaders or the unpatriotic. If freedom and private property matter to you at all, you know that's obviously false. How It HappensFor the unprepared, it's like a mugging… To be effective, capital controls have to be a surprise. Alerting people in advance would defeat the purpose. Weekends and holidays are the perfect time to catch people off guard. Here are the four most common forms of capital controls: 1. "Official" Currency Exchange Rates The government's official rate for converting foreign currency to local currency is always less favorable than the black market rate (more accurately called the free market rate). This applies to official prices for gold, too. Read More @ CaseyResearch.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The 2016 GREAT Credit Collapse & Gold, Silver Explosion Posted: 26 Jan 2016 10:30 PM PST from Gold 2020 Forecast: Cambridge House International, Vancouver Resource Investment Conference – January 25, 2016 PRESENTATION: Calculations of God's PERFECT Time Clock points to a Global CREDIT Collapse and Gold Silver Price Explosion in 2016, The Year of JUBILEE. The YEAR OF JUBILEE will be a JUBILEE for those have an HOLD and INSURANCE POLICY called Gold and Silver. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charts With More Words Than COMEX Has Registered Ounces! Posted: 26 Jan 2016 10:08 PM PST by Bill Holter, JS Mineset:
Please note each graph (below) has grey shaded areas which identify recessions. What we need to focus on is what has happened since the last "official" recession of 2008/2009. I put the word official in quotation marks because it is clear something has gone very wrong since 2009, have we really recovered?
Taking these charts and grouping by commonality we have; student loans/federal debt/money supply, food stamps/labor force participation/worker's share of economy/median income/home ownership, I would put healthcare costs on their own. Starting with the first grouping "debt and money supply" we can see an explosion in each chart since 2008. This clearly depicts the efforts made at reflating the system. Massive amounts of debt have been taken on and accompanied by a gross quadrupling or more of the money supply. Funny how the money supply has exploded yet the dollar has strengthened versus foreign currencies since then. I will finish with the chart which I believe is the reason for this anomaly. The second group, let's call this income/cost of living also shows unprecedented deterioration. Less people working …for lower wages and thus unable to afford a home …or even the ability to feed themselves! How is this "better"? Clearly, the standard of living is far more stressed today than when we entered the 2007/08 beginning of the Great Financial Crisis. Lastly we have healthcare costs as a cherry on top of this "poo pie". If more debt and fixed costs along with less employment and income available to service the newfound debt were not enough, healthcare costs of 10% or more of income should be enough to put a dagger in the heart of the American dream. These charts are very easy to decipher and understand, even a 4th grader who must budget a weekly allowance can understand it! However, apparently Wall Street cannot understand this. I would say the same about Washington and those who "pull their strings" but I don't believe it to be the case. I have said for years now, policy implemented could not have been by mistake and thus must be planned because no one could be so STUPID to have done the things our "leaders" have! As for Wall Street, I actually think CNBC has guests on who actually believe the pabulum they spew. In fact just today I heard a guest say he was super bullish because now we have QE behind us, we can get back to normalization and sound footings … Really? Would we have even "arrived" here today with markets still opened were it not for the $ trillions pumped in by the various QE's? I promised one last chart. "Velocity" or lack of, explains a lot of what has already happened. When velocity returns it will also explain a lot, we'll get to that in a moment. You will notice velocity was cratering during 2008, it experienced a brief bounce and has done nothing but continue lower since then. This is explained by the previous and subsequent buildup of debt. People were feeling the "bite" of debt leading up to 2008. As asset prices began to drop, people started to hold back on spending and began to hoard cash as a safety net to be able to pay on debt. This strategy has continued. To offset the lack of velocity, the Fed was forced to "push" more money into the system. Which brings us to where we are now, more debt, less income and more $ trillions of money supply in the system. I believe the lower velocity accounts for strength in the dollar. Richard Russell called the debt buildup in terms of dollars a "synthetic short". This short being covered at a time of record low velocity has caused the rise in the dollar. This by the way has occurred while foreigners have offloaded over $1 trillion of reserves in the past year and soaked up most likely by the ESF. In my opinion, a defining event is just about to happen. Because the Fed blinked and forced an unjustified rate hike, one of two things will happen. Either they stay the course (and maybe hike again), in which case asset markets will implode to unrecognizable levels. Or conversely the Fed blinks again and actually does further QE and pushes rates negative. In this case I believe they will finally get a reaction from velocity. I believe velocity will shoot straight up and probably to new high levels as "non-credible" monetary policy will spook a run out of dollars! A reversal by the Fed will begin the game of hot potato where owners will want out of dollars while they still can. Switching gears entirely, it looks like the COMEX finally did make delivery of most of the 6.44 tons they owed for December delivery. I say "finally" because it makes no sense to wait so far into the month since the previous owner had to pay storage. If it was truly available, there was every incentive to deliver on day one or two …which they did not. Now, COMEX sits with a whopping 2.3 tons left of registered gold (73,000 ounces) coming into the February delivery month. As of tonight, there are still 114,219 Feb. contracts open which represents 11.4 million ounces! Yes of course, much of this open interest will either roll or evaporate as it has over the last two years …but with three trading days left there is 11.4 million ounces contractually open and only 73,000 ounces available for delivery! I do want to point out the highly unusual! Today was options expiration for gold, in the past I want to say gold was ALWAYS hit and hit very hard on this day so as to make the call options either cheaper or worthless. This did not happen today as gold is now up over $20 in the last two days. Also, COMEX has NEVER EVER gone into an active delivery month with such a small amount of registered gold available. In fact, I cannot remember a time when the registered category was ever more sparse than it is now. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BREAKING NEWS: COMEX Registered Gold Inventories Plummet 73% In One Day Posted: 26 Jan 2016 10:00 PM PST SRSRocco Report | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| US, China Stocks Tumble After Industrial Profits Plunge Posted: 26 Jan 2016 09:33 PM PST from Zero Hedge:
This year is just getting uglier…
Offshore Yuan has been interfered with twice now in the last 24 hours asXinhua unleahes its 3rd hit piece against George Soros and his speculative ilk…
However, it seems the selling pressure is persisting no matter how hard they try to hold it… | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OPEC Pleads for Russian Alliance to Smash Oil Speculators Posted: 26 Jan 2016 09:20 PM PST China is trapped. The more it burns through foreign reserves to defend the currency, the more it tightens domestic credit by Ambrose Evans-Pritchard, The Telegraph:
Abdullah al-Badri, Opec's secretary-general, said the cartel is ready to embrace rivals and thrash out a compromise following the 72pc crash in prices since mid-2014. “Tough times requires tough choices. It is crucial that all major producers sit down and come up with a solution,” he told a Chatham House conference in London. Mr al-Badri said the world needs an investment blitz of $10 trillion to replace depleting oil fields and to meet extra demand of 17m barrels per day (b/d) by 2040, yet projects are being shelved at an alarming rate. A study by IHS found that investment for the years from 2015 to 2020 has been slashed by $1.8 trillion, compared to what was planned in 2014. Mr al-Badri warned that the current glut is setting the stage for a future supply shock, with prices lurching from one extreme to another in a deranged market that is in the interests of nobody but speculators. “It is vital that the market addresses the stock overhang," he said. Leonid Fedun, vice-president of Russia's oil group Lukoil, said Opec policy had set off a stampede, comparing it to a "herd of animals rushing to escape a fire". He called on the Kremlin to craft a political deal with the cartel to overcome the glut. "It is better to sell a barrel of oil at $50 than two barrels at $30," he told Tass. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 75% of World’s Fish have been Wiped Out by Mankind … Collapse of Marine Ecosystems Now Imminent Posted: 26 Jan 2016 08:40 PM PST by Jennifer Lea Reynolds, Natural News:
Consider this: in 2006 – years before the nuclear disaster in Japan – a paper was published in the journal Science, which warned of the fate of marine life. Lead author Boris Worm, assistant professor of marine conservation biology at Dalhousie University in Halifax, Canada, noted that “… all fish and seafood species are projected to collapse within my lifetime — by 2048.” An abstract of that paper, entitled, Impact of Biodiversity Loss on Ocean Ecosystem Services, states that, “We conclude that marine biodiversity loss is increasingly impairing the ocean’s capacity to provide food, maintain water quality, and recover from perturbations.”(1,2) Now, let’s take this shocking 2048 end-of-fish-and-seafood-species statement and add to it something that hadn’t yet occurred when the paper was published in 2006: Fukushima. With upwards of about 800 tonnes of Cesium-134 said to have leaked into the Pacific ocean on a daily basis ever since the 2011 disaster, it’s only logical to conclude that yet another factor – radiation – can be tossed into this biodiversity/sea quakes/climate change mix when attempting to explain the tragic loss of marine life species.(3) Sadly, 75 percent of the world’s fish are depleted, a loss thought to be irreversible. It may very well be a fair conclusion to suggest that the end of fish and seafood species may come even before 2048, since Fukushima undoubtedly accelerated – and continues to accelerate – negative changes in ocean life.(3) It’s not just radiation impacting marine life, either … There have been oil spills …Sadly, this is just one of many problems plaguing water on the planet. In addition to radioactive-tainted oceans, oil spills have also wreaked havoc on marine life. For example, the 2010 BP oil rig explosion ended up dumping 200 million gallons of oil into the ocean, which researchers say left a massive oily blob, about the size of Rhode Island, at the ocean’s bottom.(4) Of the BP oil spill, Charles Fisher of Penn State University has said, “What we still don’t know, and what we need to all keep in mind, is that there’s the potential for sub-acute impact. In other words, things that might have happened to corals’ reproductive system — slower acting cancers, changes in the fitness of the animal. These are very hard to detect and they’ll take a long time for us to see whats going on.”(4) … and fish with tumors thanks to pesticides and personal care productsThere’s also the problem of fish being found with cancerous tumors on their bodies, as was the case when a smallmouth bass fishermen in Pennsylvania’s Susquehanna River caught such a fish in November 2014. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Coming Revaluation of Gold Posted: 26 Jan 2016 08:10 PM PST by Hugo Salinas Price, Plata:
Sandeep Jaitly thinks that the desperate reserve-issuing CBs – the US Fed, the ECB, the Bank of England and the Japanese CB – may resort to programs of QEP, by which he means “Quantitative Easing for the People”. This quantitative easing will mean putting money into the hands of the populations by rebates on taxes, invented make-work schemes or any other excuse to furnish the people with the famous “helicopter money”, to get them to spend.
As the present crisis deepens and given our experience with the way our so-called "economists" think, we can reasonably expect such programs to be launched. Nevertheless, the present trend of world economic contraction will not be reversed by any ad hoc program. The world's expectations – positive for growth since WW II – have turned negative. This is an event of such magnitude that no "QE" will have any effect upon the final outcome: debt collapse. The growing fear in the world’s markets arises from the recognition on the part of indebted corporations and individuals that their debt burdens are increasing due to devaluations of their national currencies. International investors are attempting to reduce their exposure. "Hot money", invested in countries which offered higher interest rates, now wants to go home. In recent years of bonanza, foreigners borrowed some $11 trillion dollars, in various Reserve Currencies, to invest in their own countries. Of this total, it is calculated that about $7 trillion of those dollars are denominated in dollars. The debtors are now attempting to pay-off their dollar loans, and this has the effect of lowering the value of their own currencies with respect to the US Dollar, thus aggravating the situation. There is a loss of confidence in national currencies, producing Capital flight to the rising Dollar, because the countries that issue those currencies are no longer able to maintain export surpluses against the reserve-issuing countries, and are thus unable to increase reserves and are actually losing these reserves. The export-surpluses are disappearing in the “rest of the world” because the reserve-currency countries, plus China, are in an economic slump (essentially attributable to excessive debt) and are reducing their consumption of imports, thus reducing the exports of the export-surplus countries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| China Buys All the Gold Produced in 2015 (and more) Posted: 26 Jan 2016 07:55 PM PST from McAlvany Financial: We are entering into another debt default cycle – Forcing people to spend by going to a cashless society – China pumped 61 Billion dollars in a day into their financial system | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold is in a ‘Flight to Safety’ – Cup and Handle? Posted: 26 Jan 2016 07:40 PM PST from Jesse's Café Américain:
But the strong upward correlation of the US Dollar and Gold of late are evidence of a strong ‘flight to safety’ trade. In a flight to safety the price of gold bullion would likely lead silver and the miners. If at some point silver can pick up the baton and run higher, then we might think a proper bottom has been set and a new bull leg could be forming. Speaking of that, as I have noted previously, gold *might* be forming a rounded or cup and handle bottom. I am watching it forming on the gold chart although I have not yet marked it explicitly. We have not seen many chart formations come to fruition because of the relentless capping of the prices with synthetic gold. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Terror Plot To Attack Masonic Temple Thwarted! Posted: 26 Jan 2016 06:44 PM PST about as believable as the official 911 story The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Luxury Housing Bubble Pops Posted: 26 Jan 2016 06:40 PM PST Submitted by Mike Krieger via Liberty Blitzkrieg blog,
The first real signs that the global luxury home price bubble had popped emerged last fall in the world’s capital of oligarch money laundering: London. Since then, we have seen weakness in high end Manhattan real estate, but the trend has now spread and is starting to make itself apparent all over the place. Yesterday’s Bloomberg article titled,The Surge in U.S. Mansion Prices Is Now Over, is really interesting. Here are a few choice excerpts:
Pretty powerful chart:
Arcadia…where have we heard that before. Oh yeah: Welcome to Arcadia – The California Suburb Where Wealthy Chinese Criminals are Building Mansions to Stash Cash
I covered the emerging weakness in Manhattan a couple of weeks ago. See: Manhattan Luxury Real Estate Peaked Last February – Prices Now Down 8 Months in a Row.
Here are three previously published articles on London: Tens of Thousands of Properties to Be “Dumped” on London Real Estate Market by 2017 Luxury London Real Estate Prices Plunge 11.5% Year-Over-Year Luxury London Home Sales Plunge 26% – Has this Mega Real Estate Bubble Finally Burst? Considering the global luxury real estate market is one of the most inflated asset bubbles on earth, current weakness could pretty quickly turn into a crash. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Italian Bank Panic & Bail-In – The Next Domino To Fall Posted: 26 Jan 2016 06:30 PM PST Why did the EU fast track the bail in agreement?, they were meant to implement it in 2018 then suddenly it had to be all in place by the beginning of 2016 and is up and running as of now. If this does not ring alarm bells nothing will. The Financial Armageddon Economic Collapse... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Jan 2016 06:27 PM PST This post Clueless in Davos appeared first on Daily Reckoning. Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world’s political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the attendees, if any, had any advance warning that 2016 would dawn with a global financial meltdown. The Dow Jones Industrials posted the worst 10 day start to a calendar year ever, and as of the market close of January 25, the Index is down almost 9% year-to-date, putting it squarely on track for the worst January ever. But now that the trouble that few of the international power posse had foreseen has descended, the ideas on how to deal with the crisis were harder to find in Davos than an $8.99 all-you-can-eat lunch buffet. The dominant theme at last year’s Davos conference, in fact the widely held belief up to just a few weeks ago, was that thanks to the strength of the American economy the world would finally shed the lingering effects of the 2008 financial crisis. Instead, it looks like we are heading straight back into a recession. While most economists have been fixated on the supposed strength of the U.S. labor market (evidenced by the low headline unemployment rate), the real symptoms of gathering recession are easy to see: plunging stock prices and decreased corporate revenues, bond defaults in the energy sector and widening spreads across the credit spectrum, rising business inventories, steep falls in industrial production, tepid consumer spending, a deep freeze of business investments and, of course, panic in China. The bigger question is why this is all happening now and what should be done to stop it. As for the cause of the turmoil, fingers are solidly pointing at China and its slowing economy (with very little explanation as to why the world’s second largest economy has just now come off the rails). And since everyone knows that Beijing’s policymakers do not take advice from the Western financial establishment, the only solutions that the Davos elite can suggest is more stimulus from those central banks that do listen. Interviewed on an investment panel in Davos, American multi-billionaire and hedge fund manager, Ray Dalio, perhaps spoke for the elite masses when he said, “…every country in the world needs an easier monetary policy.” In other words, despite years (decades in Japan) of monetary stimulus, in the form of low, zero, and, in some cases, negative interest rates, and trillions of dollars in purchases of assets through Quantitative Easing (QE) programs, what the world really needs is more of the same. Lots more. Despite the fact that no country that has pursued these policies has yet achieved a successful outcome (in the form of sustainable growth and a subsequent return to “normal” monetary policy), it is taken as gospel truth that these remedies must be administered, in ever-greater dosages, until the patient improves. No one of any importance in Davos, or elsewhere for that matter, seems willing to question the efficacy of the policies themselves. And since the U.S. Federal Reserve is the only central bank officially considering policy tightening at present, Dalio’s comments should be seen as squarely addressing the Fed. But apparently they were not. While economists are calling for central banks in Brussels, Beijing, and Tokyo to pull out more of the monetary stops, few have called for the Federal Reserve in Washington to do the same. Most on Wall Street are, publicly at least, supporting rate increases from the Fed, albeit at a slower pace than what was envisioned just a few months, or even weeks, ago. As many economists were very public in excoriating the Fed for moving too slowly in 2015, perhaps they are unwilling to admit that their confidence was misplaced. Many also may realize the colossal embarrassment that would await Fed policymakers if they were to reverse policy so quickly. To have waited nearly 10 years to raise interest rates in the U.S., only to cut rates less than three months later would be to admit that the Fed was both clueless AND ineffective. This could cause an even greater panic as investors became aware that there is no one flying the plane. But perhaps the main reason other central bankers are reluctant to urge the Fed to ease is that the United States is supposedly the poster boy that proves quantitative easing actually works. After all, the rest of the world is being told to emulate the successes that were achieved in the U.S. Ben Bernanke had the courage to act while European central bankers were too timid, and the result was not only full employment and a recovery strong enough to withstand higher rates in the U.S., but a best-selling book and magazine covers for Bernanke. The world’s central bankers are not quite ready to consign Bernanke’s book to the fiction section where it rightfully belongs, as it would call into question their own commitment to following a failed policy. But some doubt is starting to creep in publicly. An underlying headline in a January 25 story in the Wall Street Journal finally said what most mainstream pundits have refused to say: “Fed is a key reason markets have plunged and risk of recession is rising.” But even in that article, which analyzes why six years of zero percent interest rates created bubble-like conditions that were vulnerable to even the small pin that a 25-basis point increase would provide, the Journal was reluctant to say that the Fed should begin to ease policy. At most, they seemed to urge the Fed to call off any future increases until the market could adjust and digest what has already happened. However, George Soros, another legendary hedge fund billionaire (with a well-known political agenda), is dipping his toes in that controversial pool, by nearly telling the Fed that the time had come to face the music and eat some humble pie. In an interview with Bloomberg Television’s Francine Lacqua on January 17, Soros claimed that the Fed’s decision to raise rates in December was “a mistake” and that he “would be surprised” if the Fed were to compound the mistake by raising rates again. (Officially the Fed has forecast that it is likely to boost rates four times in 2016). When pressed on whether the Fed would actually do an about-face and cut rates, Soros would simply say that “mistakes need to be corrected and it [a Fed reversal] could happen.” Look for many more investors to join the crowd and call for a reversal, regardless of the loss of credibility it would cause Janet Yellen and her crew. But when I publicly made similar statements months ago, saying that if the Fed were to raise rates, even by a quarter point, the increase would be sufficient to burst the stock bubble and tip the economy into recession, my opinions were considered completely unhinged. My suggestion that the Fed would have to later reverse policy and cut rates, after having raised them, was looked at as even more outrageous, akin to predicting that the U.S. would be invaded by Canada. Now those pronouncements are creeping into the mainstream. I was able to see through to this scenario not because I have access to some data that others don’t, but because I understood that stimulus in the form of zero percent interest rates and quantitative easing is not a means to jump start an economy and restore health, but a one-way cul-de-sac of addiction and dependency that pushes up asset prices and creates a zombie economy that can’t survive without a continued stimulus. In the end, stimulus does not create actual growth, but merely the illusion of it. This is consistent with what is happening in the global economy. China is in crisis because commodities and oil, which are priced in dollars, have sold off in anticipation of a surging dollar that would result from higher rates. The financial engineering that has been made possible by zero percent interest rates is no longer available to paper over weak corporate results in the U.S. Our economy is addicted to QE and zero rates, and without those supports, I feel strongly we will spiral back into recession. This is the reality that the mainstream tried mightily to ignore the past several years. But the chickens are coming home to roost, and they have a great many eggs to lay. Investors should take heed. The bust in commodities should only last as long as the Fed pretends that it is on course to continue raising rates. When it finally admits the truth, after its hand is forced by continued market and economic turmoil, look for the dollar to sell off steeply and commodities and foreign currencies to finally move back up after years of declines. The reality is fairly easy to see, and you don’t need an invitation to Davos to figure it out. Regards, Peter Schiff The post Clueless in Davos appeared first on Daily Reckoning.       | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| US, China Stocks Tumble After Industrial Profits Plunge Posted: 26 Jan 2016 06:15 PM PST Dow futures are down 100 points and Chinese stocks are pressing new 14-month lows, extending last night's carnage after Chinese Industrial Profits tumbled. With a dismal 4.7% drop year-over-year, led by a near 60% collapse in the mining industry, early strength (after some jawboning from Abe) gave way to fresh lows and US equity futures are also responding. Offshore Yuan refuses to drop since Xinhua wrote a 3rd hit piece against George Soros and his "speculative snap profits."
This year is just getting uglier...
Offshore Yuan has been interfered with twice now in the last 24 hours as Xinhua unleahes its 3rd hit piece against George Soros and his speculative ilk...
However, it seems the selling pressure is persisting no matter how hard they try to hold it... US equity futures are also under pressure as early oil weakness coupled with AAPL's plunge after hours was not helped by China weakness... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Economic Collapse Is Now Spreading To All Sectors Of The Economy Posted: 26 Jan 2016 06:00 PM PST The Government sponsored conference board shows consumer confidence rising and the Gallup people's poll shows consumer confidence declining. Corporations continue layoffs. US Government central bankers try to entice more people into purchasing homes with loan modifications. Manufacturing... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Smashed Through it's Resistance Shooting up $15.50 to $1,121.70 Posted: 26 Jan 2016 05:47 PM PST
Today the GOLD PRICE smashed through $1,113 resistant and shot up $15.50 (1.4%) to shutter Comex at $1,121.70. Silver outran the gold price, spurting up 30.4¢ (2.1%) to $14.544. Since that low Friday the price of gold has steadily advanced. Somebody tried to cudgel it about 2:30 a.m. and knocked it from $1,117 back to $1,111, but it charged back with a vengeance, stopping just short of $1,125 resistance. Couldn't ask much more for one day's move. In fact, the gold price has generally kept climbing since the 14 January intraday low at $1,071.70. Close through $1,125 gives us lift-off to $1,155, next resistance. The SILVER PRICE likes to knocked the skin off its head, butting its way through $14.40, but kept at it until finally it burst through -- then it was moving so fast it never stopped until $14.58. Closing near the top of the day's range is also a strong sign. These are the two first-breakouts and confirmations we have been waiting for so long. Silver will run for its 200 DMA, now $15.19, and not far above that, at $15.50 will hit the downtrend line from the 2013 high. Above that is the Big One, the downtrend from the April 2011 high. But I'm getting ahead of myself. This time we will see a touch toward that 200 DMA and a first try to pierce that post 2013 downtrend line. Buttressing these conclusions are a probable bottom in platinum and in palladium, and the silver and gold price strength against stock strength. Buy the silver and gold breakout Of all the stupid headlines I've ever seen in the financial press, an unthinkably large number, today I saw one of the top stupidest: "Rally in oil prices pushes stock market higher." How can rising fuel costs be good news for any stock except an oil producer? Mercy. Aggravated stupidity jes' tahrs me out. Dow Industrials rose 282.01 (1.78%) to 16,167.23. S&P500 gained 26.55 (1.41%) to 1,903.63. That leaves the chart plainly saying that the low close on the 20th marked the beginning of a relief rally. Aiming for 20 day moving average (now 16,579.88) or 16,600 (S&P500 for 1,950). Lo, NOW is come the time for stock owners to lighten their load! Now is come the time to take advantage of this rise. If you don't, sorrow and tooth clenching and hair pulling will result when the waterfall resumes. Dow in silver fell today 0.15% to 1,113.83 oz while Dow in Gold barely rose, up 0.7% to 14.41 oz. Yes, yes, yes.
Euro poked its itty head above the downtrend line and rose 0.15% to $1.0867. As Queen Victoria might say, "We are not impressed." Still below the 20 DMA. Weak as orphanage gruel or federal government good will. Yen backed off 0.11% to 84.43, slap at the 20 DMA. Expect higher yen. Most hearty thanks for your prayers on Susan's behalf in her eye surgery. She had the surgery early this morning, the surgeon said the results were great, and she's home sleeping now. Kind of looks like a pirate, tho, with that eye patch. If she starts mumbling, "Aaargh, Matey!" I'll get nervous. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2016, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Jan 2016 05:40 PM PST Submitted by Nick Giambruno via CaseyResearch.com, The carnage always comes by surprise, often on an otherwise ordinary Saturday morning… The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports. At that point, the government is free to help itself to as much of the country’s wealth as it wants. It’s an all-you-can-steal buffet. This story has recently played out in Greece, Cyprus, Argentina, and Iceland. And those are only a few recent examples. It’s happened in scores of other countries throughout history. And I think it’s inevitable in the U.S. I believe the U.S. dollar will lose its role as the world’s premier reserve currency. When that happens, capital controls are sure to follow. This is why it’s crucial to your financial future to understand what capital controls are, how they are used, and what you can do to protect yourself. Why Governments Impose Capital ControlsThink of the government as a thief trying to steal your wallet as you (understandably) try to run away. With capital controls, the thief is trying to block all the exits so you can’t reach safe ground. A government only uses capital controls when it’s desperate…when it can no longer borrow, inflate the currency, tax, or steal money in one of the “normal” ways. In most cases, governments use capital controls in severe crises. Think financial and banking collapses, wars, or chronic economic problems. In other cases, they’re just a way to control people. It’s much more difficult to leave a country when you can’t take your money with you. Regardless of the initial catalyst, capital controls help a government trap money within its borders. This way, it has more money to confiscate. As strange as it sounds, capital controls are often politically popular. For one, they are a way for a government to convince people it’s “doing something.” The average person loves that. Two, a government can usually convince people that moving money offshore or investing in foreign assets is only for rich tax evaders or the unpatriotic. If freedom and private property matter to you at all, you know that’s obviously false. How It HappensFor the unprepared, it’s like a mugging… To be effective, capital controls have to be a surprise. Alerting people in advance would defeat the purpose. Weekends and holidays are the perfect time to catch people off guard. Here are the four most common forms of capital controls:
Capital Controls in the U.S. The U.S. government has used capital controls before. In 1933, through Executive Order 6102, President Roosevelt forced Americans to exchange their gold for U.S. dollars. It’s no surprise that the official government exchange rate was unfavorable. The U.S. government continued to prohibit private ownership of gold bullion until 1974. Today, with no conceivable end to the U.S. government’s runaway spending, sky-high debt, and careless money printing, I think it’s only a matter of time until the government decides capital controls are the “solution.” There’s no doubt statist economists like Paul Krugman would cheer it. All it would take is the stroke of the president’s pen on a new executive order. Whatever the catalyst, it’s critical to prepare while there’s still time. What Could Happen if You’re Too LateCapital controls are almost always a prelude to something worse. It might be a currency devaluation, a so-called “stability levy,” or a bail-in. Whatever the government and mainstream media call it, capital controls are a way to trap your money so it is easier to steal. Anything they don’t steal immediately, they box in for future thefts. What You Can Do About ItThe solution is simple. Place some of your savings outside your home country by setting up a foreign bank account. That way, no one can easily confiscate, freeze, or devalue your savings at the drop of a hat. A foreign bank account will help ensure that you have access to your money when you need it the most. Despite what you may hear, obtaining a foreign bank account is completely legal. It’s not about tax evasion or other illegal activities. It’s simply about legally diversifying your political risk by putting your liquid savings in sound, well-capitalized institutions. It’s becoming harder and harder to open a foreign bank account. Soon, it could be impossible. It’s important to act sooner rather than later - even if you don’t plan to use the account immediately. Even without capital controls, it still makes sense to move some of your savings to a foreign bank where it can be kept safe.
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| ECONOMIC CRASH COMING SELL EVERYTHING SAYS RBS Posted: 26 Jan 2016 05:27 PM PST worldwide financial collapse is like a game of musical chairs, where the music doesn't stop until someone sits down. No one wants to sit down because of the risk of their chair dissolving underneath them. But, as time goes on more and more chairs dissolve, until someone decides they won't be... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Something Snapped At The Comex Posted: 26 Jan 2016 05:12 PM PST There had been an eerie silence at the Comex in recent weeks, where after registered gold tumbled to a record 120K ounces in early December nothing much had changed, an in fact the total amount of physical deliverable aka "registered" gold, had stayed practically unchanged at 275K ounces all throughout January. Until today, when in the latest update from the Comex vault, we learn that a whopping 201,345 ounces of Registered gold had been de-warranted at the owner's request, and shifted into the Eligible category, reducing the total mount of Comex Registered gold by 73%, from 275K to just 74K overnight.
This took place as a result of adjustments at vaults belonging to Scotia Mocatta (-95K ounces), HSBC (-85K ounces), and Brink's (-21K ounces). Meanwhile, the aggregate gold open interest remained largely unchanged, at just about 40 million ounces.
This means that the ratio which we have been carefully tracking since August 2015 when it first blew out, namely the "coverage ratio" that shows the total number of gold claims relative to the physical gold that "backs" such potential delivery requests, - or simply said physical-to-paper gold dilution - just exploded. As the chart below shows - which is disturbing without any further context - the 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold. Call it a 0.2% dilution factor.
To be sure, skeptics have suggested that depending on how one reads the delivery contract, the Comex can simply yank from the pool of eligible gold and use it to satisfy delivery requests despite the explicit permission (or lack thereof) of the gold's owner. Still, the reality that there are just two tons of gold to satisfy delivery requsts based on accepted protocols should in itself be troubling, ignoring the latent question why so many owners of physical gold are de-warranting their holdings. Considering there are now less than 74,000 ounces of Registered gold at the Comex, or just over 2 tonnes, we may be about to find out how right, or wrong, the skeptics are, because at this rate the combined Registered vault gold could be depleted as soon as the next delivery request is satisfied. Or isn't. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| END GAME: IT'S ALL FALLING APART -- Andy Hoffman Posted: 26 Jan 2016 04:30 PM PST "There's no turning back here. The end game has started... Central banks aren't going to be able to buy another year or two. it's all coming apart."Andy Hoffman from Miles Franklin returns to discuss the latest global economic news as we document the collapse for the week of January 25,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TF Metals Report: New record low Comex gold inventory Posted: 26 Jan 2016 04:28 PM PST 7:26p ET Tuesday, January 26, 2016 Dear Friend of GATA and Gold: Gold ready for delivery against futures contracts on the New York Commodities Exchange is down to 74,000 ounces or a mere 2 tonnes, the TF Metals Report's Turd Ferguson writes tonight, moving the exchange's nominal paper-to-metal ratio up to 542 to 1. Delivery data for the bullion bank traders, Ferguson writes, suggests that they are mainly just swapping gold among each other each month to maintain the illusion of serious trading. Ferguson's report is headlined "New Record Low Comex Gold Inventory" and it's posted at the TF Metals Report's Internet site here: http://www.tfmetalsreport.com/blog/7403/new-record-low-comex-gold-invent... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Michael Savage Donald Trump Interview - 1/26/16 Posted: 26 Jan 2016 04:04 PM PST January 26, 2016 - Michael Savage Interviews Donald Trump Talks Megyn Kelly Fox News Debate Glenn Beck and Much More! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Michael Moore's 'WHERE TO INVADE NEXT' - Official Trailer Posted: 26 Jan 2016 03:54 PM PST #WhereToInvadeNext IN THEATRES NATIONWIDE FEBRUARY 12th!!! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Fed Rate Decision Tomorrow, Registered Gold Plunges Posted: 26 Jan 2016 01:38 PM PST  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Jan 2016 01:19 PM PST This post In Praise of Sarah Palin… appeared first on Daily Reckoning. MUMBAI, India – The Dow dropped 208 points yesterday – or about 1.3%. After last week's pause, it will be interesting to see if the selloff resumes. "Global equities in turmoil," reads a CNBC headline. "A month after raising rates, Fed faces darker global economy," suggests an AP newswire report. Neither of these is true. The world has not changed significantly in the last month. As we reported, world economic growth was fading then, too. Junk bonds were in trouble then… just as now. There was no real recovery in America, then or now. And Sarah Palin is just as entertaining. We'll get to her in a moment… but first more on the current market situation. Up and DownEquities aren't in "turmoil," despite the press claims. They are simply going down. We explained it to a reporter from the Economic Times of India yesterday:
The reporter was unsatisfied. "What can policy makers do to prevent a selloff?" he asked. We smiled. That's as far as he wanted to go – about a quarter of an inch into a subject that is 10 miles deep. In the mind of the popular financial press, and most of the investing public, the markets are no different from computers. When something isn't working properly, there must be a technician with the answer. There must be some buttons you can push. There must be some trick to getting it working again. "Nope. You can't always escape the consequences of your mistakes," we began. But we let it go there. No point in trying to go ab ovo… back to the egg… to explain this fowl market. Keep it simple. In Praise of PalinBack in the US of A, we are delighted that Sarah Palin has the public's ear again. We're often not sure what she is trying to say. But it doesn't matter. With Palin, it's not the thought that counts. It's the lack of it. She aims for simplicity, too – a smart move, since there are easily enough simpletons in the U.S. to elect a president, vice president, and an entire Congress. We always come to the defense of the poor, the despised, and the hopeless halfwits. We're pretty sure Palin fits in there somewhere. So, today, we come not to laugh at Ms. Palin but to praise her. We weren't able to hear Ms. Palin's endorsement of Donald Trump last week. But we thank Sam Leith, a scholar of rhetoric, for helping us deconstruct it. The speech was such a wonder of "oratorical eccentricity," he wrote, "that it seems very likely she wrote it herself." Listening to a moron give a political speech is like watching a blind person do home electrical repairs: You know there are going to be some shocking and amusing incidents. "Trump's candidacy," announced Ms. Palin, "it has exposed not just that tragic ramifications of that betrayal of the transformation of our country, but too, he has exposed the complicity on both sides of the aisle that has enable it, okay?" What does that mean? We don't know. But Mr. Leith tells us it was an "anacoluthon," which he describes as a sentence that "sets off boldly in one direction and, with a wrench of grammar, jumps the tracks and ends up pointing in another." We still don't know what Ms. Palin meant to say. But at least we now know that there is a word for the disease that caused it. It doesn't have to mean anything anyway. There are apparently no complex ideas in Ms. Palin's pensée worthy of careful explication. Instead, her brain simply stews the patriotic patois of the rural rightwing and dishes out the words and phrases primary voters want to hear: "commander-in-chief," "you betcha," "families," "make America great." This cafeteria also produces some juicy linguistic innovations. "Are you ready to stump for Trump?" she asked. We don't know what that means either. "Give money to" – as in "plump" – is one possible interpretation. "Stand up for" – as in "mount a stump" – is another possibility. We don't know. She also invents a new word: "squirmish." Huh? Don't overthink it. It works for us as is. We are adding it to our own lexicon, along with her previous neologism "refudiate" and G. W. Bush's classic "misunderestimate." Shakespeare invented dozens of words. Why not Sarah Palin? Regards, Bill Bonner Originally posted at Bill Bonner's Diary, right here. P.S. Bill expects a violent monetary shock, in which the dollar — the physical, paper dollar — disappears. And he believes it will be foreshadowed by something even rarer and more unexpected — the disappearance of cash dollars. Many Americans don't see this coming because of what psychologists call "willful blindness." But Bill has taken the extraordinary step of assembling the full shocking details in a special report. To get full details on what Bill calls the "Great American Credit Collapse", click here right now. The post In Praise of Sarah Palin… appeared first on Daily Reckoning.     | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Registered for Delivery at the CME Warehouses Plunges To a New Low Posted: 26 Jan 2016 12:53 PM PST  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Koos Jansen: China stops publishing Shanghai exchange's gold withdrawals Posted: 26 Jan 2016 12:40 PM PST 3:38p ET Tuesday, January 26, 2016 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen today confirmed with the Shanghai Gold Exchange that it has discontinued publishing the weekly total of gold withdrawals from the exchange. "This is a disaster for the gold community," Jansen writes. "Shanghai Gold Exchange withdrawals provided a unique transparent metric for Chinese gold demand, and it's gone. However, that the Chinese stopped publishing SGE withdrawals strongly confirms the importance of these numbers from the past. Until December these numbers gave us a direct measure of Chinese wholesale gold demand. The truth became a little uncomfortable for the Chinese." Jansen understates the situation. China's decision to conceal the Shanghai gold withdrawal data confirms the monetary metal's supreme significance in the world financial system as it is and as it is likely to evolve. If gold wasn't becoming even more important and strategic, China would not start concealing its flow. Jansen's report is headlined "China Stops Publishing SGE Withdrawal Figures" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/koos-jansen/china-stops-publishing-sge... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Harry Dent : Dow of 5,500-6000 by early 2017 Posted: 26 Jan 2016 12:21 PM PST 'The Demographic Cliff' author Harry Dent on the Federal Reserve and why he has a bearish outlook for stocks.Watch Deirdre Bolton talk about Stocks on Risk And Reward. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is The FBI Ready To Indict Hillary Clinton? Posted: 26 Jan 2016 10:01 AM PST Tom DeLay says the FBI is ready to indict Hillary Rodham Clinton on private server charges The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Price Of Oil Is Sliding Again Posted: 26 Jan 2016 08:55 AM PST This post The Price Of Oil Is Sliding Again appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day, and a Tom terrific Tuesday to you! We start the day with the price of oil dropping again, and making my call that it was a “dead cat bounce” last Friday, begin to look bang on… Yesterday, I told you that right here, right now, the price of oil is the Big Kahuna, and has taken over as the key to market sentiment, which has become the end-all when it comes to trading. Market Sentiment that is. Fundamentals have taken a back seat, and really don’t get any prime time playing time. That’s NOT how the markets used to trade, when things made sense, and you could look at a country’s balance sheet, and other fundamentals and make a call on which way the country’s currency might head. Now, it’s all about feely, touchy, stuff. How do you feel about that, is more what goes on now. And to me that’s disgusting. Have you seen the commercial with the guy that sees his son’s trophy and it says, “Participant”, and he says, “but we beat all those other teams. Are we going to end games with hugs now instead of handshakes?” That guy captured my whole persona about this stuff! Well, on top of the price of oil sliding downward again, we also saw Chinese stocks plunge toward a 13-month low. And I just saw a news article on the TV that said that scientists are going to come out with a “Doomsday Clock” Oh joy! And then there’s also the report from last Friday that was confirmed, that has a Senator calling his wife and instructing her to go to the ATM and withdraw all the cash she could. Hey Senator, the next time you feel that it’s that important to have a stash of cash at home, you might want to issue a warning to all your voters. Oh, no, wait, that would cause a bigger problem with a run on the banks cash position. OK, so scratch that… So, after all that, what I’m getting at is that the dollar and the currencies are mixed today, but the for the most part the dollar has the conn. Gold had a good day yesterday adding about $8, and this morning has added another $4, in the early morning trading. I was reading a piece on gold last night that came to me from the GATA folks. And here’s a snippet that’s short-n-sweet by Hugo Salinas Price, president of the Mexican civic Association for silver. “Golds return to its traditional role will reliquify debt that is becoming unpayable, though salvaging all debt and derivatives might require a gold price as high as $50,000 per ounce”. WOW! Mr. Salinas Price basically is calling for an enormous upward valuation of gold, due to the ongoing liquidation of the international reserves of Central Banks, and that will lead to a return of gold as the reserve currency replacing the dollar. Now, keep in mind that this is just one person’s viewpoint, and one that’s “out there” with regard to his call on the future price of gold.. And should be viewed as that. But, IF gold were to reliquefy all the debt that’s out there, the price of the metal would have to rise significantly, I agree with that assumption. But as to how much, I have no idea, and I really don’t think it behooves anyone to say a level, for people will hold you to that level. If you would like to read his whole spiel headlined: “the Coming Revaluation of Gold” it’s posted here. Alrighty then, after that trip, we need to get back to reality here. And we’ll do that with tiny baby steps at first. Like a trip to the Eurozone, where the Irish posted a gain of 2.6% for Retail Sales in November (another country using an abacus to count) and a Consumer Confidence report that hit the highest level of confidence since January 2006! WOW! I’ve highlighted the fact that Ireland used austerity measures to get their house in order, or at least looking better, and have moved on from their debt problems of a few years ago. I have to admit that I tend to forget that the land of my ancestors, is a part of the Eurozone. It just doesn’t seem to be a fit to me. But it works for them, so that’s all that matters. Speaking of the Eurozone. European Central Bank (ECB) President, Mario Draghi, who has made a habit of throwing the euro under a bus, passed up that opportunity to do just that last night, when he gave a speech and didn’t repeat his message from last week’s ECB meeting where he said that the ECB may have to implement additional stimulus at their March meeting. So, thank goodness for the little things, eh? Draghi didn’t use his speech to dump on the euro for once. But apparently, euro traders were prepared for the bashing of the euro by Draghi, and had spooled up some sell orders of the currency, that when they didn’t hear anything disparaging coming from his mouth, they went ahead and entered the sell orders just for GP. UGH! Dolts, all of them! Here’s my viewpoint on all this: the euro should remain flat for the most part until Friday when Eurozone 4th QTR CPI will print. I told you yesterday that to look for consumer inflation to inch higher, albeit still well below the 2% target that the ECB carved out. No flip-flopping around for the euro until we get a better understanding of where CPI is headed. That is no flip-flopping around unless we see a reason to strongly buy or sell dollars… And see no reason for that to happen, I’ll stick with my viewpoint that the euro should remain flat until we get a reading on CPI. But just because I said that, doesn’t mean a hill of beans to traders. Alrighty then, let’s just continue moving along. The Aussie dollar (A$) is on the rally tracks this morning, albeit not firmly on the tracks, but on them nonetheless. Late this afternoon, tomorrow morning for Australia, their 4th QTR CPI will print. And I expect to see their consumer inflation inch higher for the QTR. But will it be enough for the A$ traders to feel confident that the Reserve Bank of Australia (RBA) will pass up a rate cut at their next meeting, which will be next Monday, Feb 1? The real risk here is that CPI doesn’t move higher, and if that happens, then the A$ will be for Sale. Speaking of Central Bank Meetings… The Reserve Bank of New Zealand (RBNZ) will meet tomorrow, the 27th! And just in time for the meeting, the ratings agency, Fitch, revised their rating for New Zealand’s Outlook from stable to Positive. And Fitch also came out with their forecasts for debt. And they look positive. Debt to GDP ratio for 2016. 1.6%, and 2017. 1%… I really don’t see the RBNZ upsetting the applecart here at this time with a rate cut, so we’ll move along. At the end of the week, the Bank of Japan (BOJ) will meet. And every BOJ meeting for the last six months has been prefaced with thoughts of an announcement at the meeting for additional stimulus, and this meeting is no different. But so far, the BOJ has resisted. But it’s not like they have resisted altogether regarding stimulus. They are the poster child for Central Bank stimulus. They began attempting to stimulate their economy back in the mid-90’s… I remember at the time talking about Japan like they were doing something that had never been done before and it would be great for them in the long run. But when the first couple of stimulus packages didn’t work, I quickly changed my tune, and have since that time been all over the BOJ and Finance Ministry for their failed stimulus packages. So, please momma no more husbands, as the song goes, and we could change the wording to: Please BOJ no more stimulus. The Japanese yen is flat today, as traders are confused as to whether it’s a day that they should buy or sell it… (sell would be my call to order, but then that’s just me!) The Chinese renminbi was allowed to appreciate at the fixing this morning, not by much, but appreciate it did! And even with its stock market getting sold like funnel cakes at a state fair. And with all these Central Bank meetings coming up we can’t forget the Big Kahuna of them all.. the Fed’s FOMC meets tomorrow. I went over what I thought they would be saying yesterday, so if you missed class that day, simply click this link and read yesterday’s letter in the archives: click here. The U.S. Data Cupboard gets restocked today, but not with a lot of market moving stuff. the S&P/Case-Shiller Home Price Index for November prints today, and the National Board’s Consumer Confidence for January prints. Did you see the rot on the Dallas area’s Manufacturing Index vine yesterday? It went from a negative -21 to a negative -34 in January! YIKES! Manufacturing for this area of the country is in deep dookie folks. We’ll also see the Richmond area Manufacturing Index today. I don’t expect this one to take one to the mid-section like the Dallas area did! Remember when I first told you about the debt problems of Puerto Rico? And how they were going to have to default on bonds issued if things didn’t work out? For instance they weren’t allowed to file for bankruptcy in the U.S. because they aren’t officially a state of the Union. Well, I was thinking the other day about this and wondering what was going on here. And then Ed Steer, printed an article in the NY Times, that I have here for you, and of course a snippet:
Chuck again. Oh Brother! See what happens when you take on too much debt that you can’t pay back? And poor Puerto Rico, sitting there, not knowing where to turn to next. That’s it for today. I hope you have a Tom terrific Tuesday! Regards, Chuck Butler P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post The Price Of Oil Is Sliding Again appeared first on Daily Reckoning.     | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CANADIANS PANIC as Food Prices SKY ROCKET On Collapsing Currency ! Posted: 26 Jan 2016 08:07 AM PST CANADIANS PANIC as Food Prices SKY ROCKET On Collapsing Currency ! Decreased Crude Oil prices has knocked the strength out of the Canadian Tar Sands industry. Forecast fr 2016 is more of the same! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| China's gold imports from Hong Kong jump to highest since 2013 Posted: 26 Jan 2016 07:44 AM PST From Bloomberg News China's imports of gold from Hong Kong surged 67 percent to the highest level in more than two years in December as stock market turmoil and anticipation of a further weakening in the nation's currency spurred demand for a haven. Net purchases rose to 111.3 metric tons from 66.8 tons a month earlier and 58.8 tons a year ago, according to data from the Hong Kong Census and Statistics Department compiled by Bloomberg. Net buying increased to 774.1 tons in 2015 from 750.8 tons a year earlier and compared with a record 1,108.8 tons in 2013, the data show. Mainland China doesn't publish the data. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-01-26/china-s-gold-imports-f... ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Human Cost Of China's Economic Slowdown Posted: 26 Jan 2016 07:39 AM PST China is expected to announce its slowest annual growth in a quarter of a century. Ahead of this announcement, Asia correspondent Katie Stallard explored the effect the slow down is having on China's workforce: The Financial Armageddon Economic Collapse Blog tracks trends and forecasts... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Canadian Dollar Will Drop To HALF A CENT USD! - What You Need To Know Posted: 26 Jan 2016 07:21 AM PST As experts claim the Canadian dollar will hit 59 cents or less, there's no sign it will stop falling. Jeff Berwick (The Dollar Vigilante) says 2016 will be a bloodbath. Legendary author G. Edward Griffin gives the dollar 2 years at the most until its inevitable collapse. In this video, WAM's... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Is In a 'Flight To Safety' - Cup and Handle? Posted: 26 Jan 2016 07:13 AM PST  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Jan 2016 07:11 AM PST Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the attendees, if any, had any advance warning that 2016 would dawn with a global financial meltdown. The Dow Jones Industrials posted the worst 10 day start to a calendar year ever, and as of the market close of January 25, the Index is down almost 9% year-to-date, putting it squarely on track for the worst January ever. But now that the trouble that few of the international power posse had foreseen has descended, the ideas on how to deal with the crisis were harder to find in Davos than an $8.99 all-you-can-eat lunch buffet, with a free cocktail. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Harry S. Dent @HarryDentjr @economymarkets: On The Cliff Posted: 26 Jan 2016 07:06 AM PST Harry showed that the 2015 Equity top was inflated as much and more than 2007 and 2000. For people believing Gold is a good hedge in a crisis Harry talked about that gold's bubble popped a few years ago and can go to $750 in the next year. As far as U.S politics, Harry thinks if markets remain... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Obama Prepares For W-ar To Save US Dollar From Collapse in Feb 2016 Posted: 26 Jan 2016 06:39 AM PST Obama Prepares For W-ar To Save US Dollar from collapse in Feb 2016 The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Game Is Rigged! Ammon Bundy is doing Something About It! Posted: 26 Jan 2016 06:10 AM PST To those in Burns Oregon and Harney County screaming GET OUT! LISTEN!! Thank God for the Brave who are fighting on your behalf whether you like it or not! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Revaluation Coming To $22,000 Per Ounce? Posted: 26 Jan 2016 03:12 AM PST Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, writes today that gold will soon return to its traditional role in the international monetary system. The current melt-down of the world’s debt bubble is likely to continue in the course of the next months and Salinas believes that the salvaging all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dovish Fed to Send Gold Higher Posted: 26 Jan 2016 03:04 AM PST Gold and US real rates have long had an inverse relationship. Gold rallied to all-time highs while monetary policy was being made historically accommodative through quantitative easing. Then, as these measures were reduced and the Fed moved towards the beginning of a new tightening cycle a bear market in the metal began, leading the metal to almost halve from its prior highs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inception Mining's Diverse Batch of Assets Offers Production Now, Growth Later Posted: 26 Jan 2016 12:00 AM PST Inception Mining is producing gold at its Clavo Rico operation in Honduras and is preparing to begin contract gold mining at its U.P. & Burlington project in the mountains of Idaho. Add in resource expansion and some exploration upside in Nevada and you have a story with lots of interesting angles. Inception CFO and Director Trent D'Ambrosio shares with The Gold Report his company's plans to boost production and expand mine life at Clavo Rico. |
The carnage always comes by surprise, often on an otherwise ordinary Saturday morning…
A reader recently sent me these charts. I do not know who put this collection together to give credit to but I do want to say these charts pretty much tell the WHOLE STORY! 
Dow futures are down 100 points and Chinese stocks are pressing new 14-month lows,extending last night’s carnage after Chinese Industrial Profits tumbled. With a dismal 4.7% drop year-over-year, led by a near 60% collapse in the mining industry, early strength (after some jawboning from Abe) gave way to fresh lows and US equity futures are also responding. Offshore Yuan refuses to drop sinceXinhua wrote a 3rd hit piece against George Soros and his “speculative snap profits.”
The Opec oil cartel has issued its strongest plea to date for a pact with Russia and rival producers to cut crude output and halt the collapse in prices, warning that the deepening investment slump is storing up serious trouble for the future.
The current melt-down of the world’s debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend.
Maybe not so much in the US where the people are still largely unaware of most global financial events and currencies, and certainly of the historical role of gold.
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