Thursday, December 28, 2017
Wednesday, December 20, 2017
Sunday, December 17, 2017
Friday, December 15, 2017
Saturday, December 9, 2017
New CME Bitcoin Futures And The Goldman Sachs Connection
Many Bitcoin zealots enthusiasts correctly believe Bitcoin futures contracts trading at the CBOE and CME would be a boon for Bitcoin. Indeed, the price of Bitcoin has soared since the announcements, as front-runners have been driving prices up in anticipation of the exchanges trading Bitcoin futures December 11 and December 18, respectively. But what Bitcoin cultists don't understand is that these same vampire squid bankers who have been manipulating and suppressing commodities prices (especially precious metals) now have the opportunities (and leverage) to apply the same suppression schemes on the price of Bitcoin. They will short and crash Bitcoin. Satoshi is rolling over in his Bitcoin nirvana.
Early adopters who got in at lower levels should be able to ride out the rollercoaster. But Johnny-come-lately's with weak hands who sell at the faintest signs of weakness will get slaughtered.
http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection
Early adopters who got in at lower levels should be able to ride out the rollercoaster. But Johnny-come-lately's with weak hands who sell at the faintest signs of weakness will get slaughtered.
http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection
Labels:
bitcoin,
CME,
connection,
futures,
Goldman Sachs
Monday, December 4, 2017
The War on Gold Intensifies: It Betrays The Elitists’ Panic And Coming Defeat – Part 1
This author truly understands currencies.
http://investmentresearchdynamics.com/the-war-on-gold-intensifies-it-betrays-the-elitists-panic-and-coming-defeat-part-1/
http://investmentresearchdynamics.com/the-war-on-gold-intensifies-it-betrays-the-elitists-panic-and-coming-defeat-part-1/
Labels:
Betrays,
Coming Defeat,
Elitists,
gold,
intensifies,
panic,
war
The True Meaning of Bitcoin's 'Success'
A voice of reason in a world of monetary madness.
http://www.24hgold.com/english/news-gold-silver-the-true-meaning-of-bitcoin-s-success-.aspx?article=11913889978H11690&redirect=false&contributor=Michael+Ballanger
http://www.24hgold.com/english/news-gold-silver-the-true-meaning-of-bitcoin-s-success-.aspx?article=11913889978H11690&redirect=false&contributor=Michael+Ballanger
Labels:
bitcoin,
success,
True Meaning
Saturday, December 2, 2017
Russia, China and BRICS: A New Gold Trading Network
I've said from day 1: get physical gold, not paper (electronic, virtual) gold.
https://www.bullionstar.com/blogs/ronan-manly/russia-china-new-gold-trading-network/
https://www.bullionstar.com/blogs/ronan-manly/russia-china-new-gold-trading-network/
Tuesday, November 21, 2017
These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin
Again, it's always prudent to spread out one's currency risk, whether conventional or alternative.
An all-in approach may reap spectacular returns short-term (e.g. Bitcoin), but could prove catastrophic long-term (e.g. USDollar).
Another point to note is how crypto-currencies can be used by financial media to slam gold, the ultimate store of value, even if it's not an ideal medium of exchange.
https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse
An all-in approach may reap spectacular returns short-term (e.g. Bitcoin), but could prove catastrophic long-term (e.g. USDollar).
Another point to note is how crypto-currencies can be used by financial media to slam gold, the ultimate store of value, even if it's not an ideal medium of exchange.
https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse
Labels:
bitcoin,
Doomsday Preppers,
gold,
switch
Monday, November 20, 2017
Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
Every currency carries its own risk. Hence, it's prudent to spread out one's risk.
https://dollarcollapse.com/currency-war-2/gold-versus-bitcoin-pro-gold-argument/
https://dollarcollapse.com/currency-war-2/gold-versus-bitcoin-pro-gold-argument/
Saturday, November 18, 2017
Friday, November 17, 2017
Swiss bank to launch bitcoin futures to allow betting against cryptocurrency
In the be careful what you wish for category, Bitcoin enthusiasts have
been cheering the fact that the cryptocurrency is now traded in futures
exchanges, inviting institutional investors. The problem is these said
institutions are the biggest price manipulators, and they will surely do
so in such a small market cap space. Expect even more volatility and
many being wiped out for being on the wrong side of the manipulation.
https://www.reuters.com/article/us-vontobel-bitcoin/swiss-bank-to-launch-bitcoin-futures-to-allow-betting-against-cryptocurrency-idUSKBN1DG2CX
https://www.reuters.com/article/us-vontobel-bitcoin/swiss-bank-to-launch-bitcoin-futures-to-allow-betting-against-cryptocurrency-idUSKBN1DG2CX
Labels:
against,
Betting,
bitcoin futures,
Cryptocurrency,
launch,
Swiss bank
Wednesday, November 15, 2017
Monday, November 13, 2017
Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme
I don't know how this could not be bearish for the dollar and bullish for any tangible asset, including precious metals. Sure, asset prices could be manipulated either up or down short-term, but eventually, the manipulation stops working longer-term.
https://www.themaven.net/mishtalk/economics/pension-ponzi-bailout-democrats-sponsor-us-treasury-bailout-scheme-_RuDwkWLqkqISWkpsC0v9Q
https://www.themaven.net/mishtalk/economics/pension-ponzi-bailout-democrats-sponsor-us-treasury-bailout-scheme-_RuDwkWLqkqISWkpsC0v9Q
Ray Dalio Goes On Gold Buying Spree, Adds 575% To GLD Holdings, Becomes 8th Largest Holder
This article does appear to be bullish for gold, and it is. However,
read the comments as 95% of the commentators understand that Ray Dalio,
founder of Bridgewater, the largest hedge fund in the world, did NOT buy
physical gold, but instead, merely has exposure to the spot price of
gold. He bought the GLD ETF, considered by many gold bugs in the know
to be a ponzi scheme. As large as his GLD holdings are, he still won't
be able to take delivery on physical gold, as he bought paper gold, a
legal claim that will prove worthless when the $hit hits the fan.
http://www.zerohedge.com/news/2017-11-13/ray-dalio-goes-gold-buying-spree-adds-575-gld-holdings-becomes-8th-largest-holder
http://www.zerohedge.com/news/2017-11-13/ray-dalio-goes-gold-buying-spree-adds-575-gld-holdings-becomes-8th-largest-holder
Labels:
GLD Holdings,
Gold Buying Spree,
Ray Dalio
Saturday, November 11, 2017
Thursday, November 9, 2017
Monday, November 6, 2017
Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded
This coup on the Saudi establishment indicates the anti-dollar movement
pivoting away from the US and toward China, Russia and Iran is gaining
momentum. The geopolitical, financial and social infrastructure of the
US economy is about to become unhinged. Get ready for inflation.
Government and media attempts to mask and suppress inflation will
finally be exposed as fraudulent. The decades-long era of the petrodollar is about to end.
http://www.zerohedge.com/news/2017-11-06/saudi-banks-begin-freezing-accounts-arrested-royals-block-private-jets
http://www.zerohedge.com/news/2017-11-06/saudi-banks-begin-freezing-accounts-arrested-royals-block-private-jets
Labels:
Arrested,
banks,
Freezing Accounts,
Grounded,
Private Jets,
Royals,
Saudi
Thursday, November 2, 2017
Peter Warburton: The debasement of world currency: It's inflation but not as we know it
http://www.gata.org/node/8303
What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, they seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.
It is important to recognize that the central banks have found the battle on the second front much easier to fight than the first. Last November I estimated the size of the gross stock of global debt instruments at $90 trillion for mid-2000. How much capital would it take to control the combined gold, oil, and commodity markets? Probably, no more than $200 billion, using derivatives. Moreover, it is not necessary for the central banks to fight the battle themselves, although central bank gold sales and gold leasing have certainly contributed to the cause. Most of the world's large investment banks have over-traded their capital so flagrantly that if the central banks were to lose the fight on the first front, then the stock of the investment banks would be worthless. Because their fate is intertwined with that of the central banks, investment banks are willing participants in the battle against rising gold, oil, and commodity prices.
Central banks, and particularly the US Federal Reserve, are deploying their heavy artillery in the battle against a systemic collapse. This has been their primary concern for at least seven years. Their immediate objectives are to prevent the private sector bond market from closing its doors to new or refinancing borrowers and to forestall a technical break in the Dow Jones Industrials. Keeping the bond markets open is absolutely vital at a time when corporate profitability is on the ropes. Keeping the equity index on an even keel is essential to protect the wealth of the household sector and to maintain the expectation of future gains. For as long as these objectives can be achieved, the value of the US dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in external trade.
Labels:
debasement,
inflation,
Peter Warburton,
world currency
Will The New Bitcoin CME Futures Contract Benefit Gold?
Despite being a blessing short-term for Bitcoin, inclusion into the CME futures exchange opens the crypto-currency to price manipulation / suppression long-term. Most Bitcoin aficionados don't know this yet, but will find out the hard way when Bitcoin gets monkey-hammered despite positive "fundamentals."
http://investmentresearchdynamics.com/will-the-new-bitcoin-cme-futures-contract-benefit-gold/
http://investmentresearchdynamics.com/will-the-new-bitcoin-cme-futures-contract-benefit-gold/
Labels:
benefit,
bitcoin,
CME,
Futures Contract,
gold
Monday, October 30, 2017
All of the World’s Money and Markets in One Visualization
One of the fundamental laws of economics is scarcity. If true, the price of silver is about to soar.
http://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
http://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
Labels:
markets,
money,
One Visualization,
world
Friday, October 27, 2017
Top Gold Forecasters Gone Bad
I must be sociopathic. I enjoy "top forecasters" on gold being proven wrong. Here are some examples.
https://www.bullionvault.com/gold-news/gold-price-011420162
At the absolute secular low in gold in December 2015, Fortune magazine publishes a bearish piece.
http://fortune.com/2015/12/31/gold-prices-2016/
As soon as that article above goes to print, gold goes on a tear, prompting Forbes to flip six weeks later. The tried and true axiom of being a contrarian against conventional wisdom absolutely applies with financial markets.
http://fortune.com/2016/02/09/financial-market-stress-gold/
https://www.bullionvault.com/gold-news/gold-price-011420162
At the absolute secular low in gold in December 2015, Fortune magazine publishes a bearish piece.
http://fortune.com/2015/12/31/gold-prices-2016/
As soon as that article above goes to print, gold goes on a tear, prompting Forbes to flip six weeks later. The tried and true axiom of being a contrarian against conventional wisdom absolutely applies with financial markets.
http://fortune.com/2016/02/09/financial-market-stress-gold/
Labels:
Forecasters,
gold,
Gone Bad,
top
The Death of Money 2.0
We've often heard the quote attributed to Mark Twain, "History doesn't repeat itself, but it rhymes." It applies to financial markets.
"Dying of Money: Lessons of the Great German and American Inflations", by Jens O. Parsson, chronicles Germany's Weimar Republic hyperinflation during the early 1920's. I'm always looking at different angles, and one interesting tidbit is the timing of the original publishing in 1974.
During gold's historic run from $35/oz. in 1971 to its peak of $850/oz. in 1980, gold had a major correction from $200/oz. in--you guessed it--1974, down to $100 oz. in 1976. After this painful correction, gold resumed its bull market run until 1980, culminating in its secular blow off top.
Flash forward to today, and superimposing gold's epic bull market from its lows (in 2001 or 2008, take your pick), we can see that gold had a major peak of $1923/oz. in 2011. Another bottom appears in December, 2015. A few precious metals pundits have noted the parallel cycles of the 1970's and today's millennial run.
One of these authors is James Rickards, who has written several best-sellers on financial markets, including and specifically about gold. His first bestseller, "Currency Wars", was published in 2011, coinciding with gold's peak. Another book title is "The Death of Money", published in 2014. Makes you want to go "hmmmm...."
Did gold start another massive run up in late 2015? So far, it sure looks like it.
The coincident timelines are certainly intriguing, but digging deeper, are they merely coincidental, or conspiratorial? Are the financial elites signalling a pending, if not imminent financial crises on the horizon? Is Jim Rickards, a former insider at the Fed and US Treasury, a true champion of the people, advocating gold as a protector of purchasing power? Or is he just a useful tool of the elite, espousing truth, but sucking in early adopters in 2011, so the weak hands could be wiped out before gold resumes its next historic bull run?
Was gold's peak in 2011 analogous to its peak in 1974? Likewise, was gold's bottom in 1976 a similar precursor to gold's bottom in 2015? More importantly, what happens next? If history does rhyme, we can expect another epic run up in gold (and silver).
An astute, contrarian student of history can deduce outcomes, but timing it exactly is next to impossible.
My long-term outlook for gold remains $6300/oz. or higher, as long as fiscal conditions continue to deteriorate and monetary policies remain accommodative.
"Dying of Money: Lessons of the Great German and American Inflations", by Jens O. Parsson, chronicles Germany's Weimar Republic hyperinflation during the early 1920's. I'm always looking at different angles, and one interesting tidbit is the timing of the original publishing in 1974.
During gold's historic run from $35/oz. in 1971 to its peak of $850/oz. in 1980, gold had a major correction from $200/oz. in--you guessed it--1974, down to $100 oz. in 1976. After this painful correction, gold resumed its bull market run until 1980, culminating in its secular blow off top.
Flash forward to today, and superimposing gold's epic bull market from its lows (in 2001 or 2008, take your pick), we can see that gold had a major peak of $1923/oz. in 2011. Another bottom appears in December, 2015. A few precious metals pundits have noted the parallel cycles of the 1970's and today's millennial run.
One of these authors is James Rickards, who has written several best-sellers on financial markets, including and specifically about gold. His first bestseller, "Currency Wars", was published in 2011, coinciding with gold's peak. Another book title is "The Death of Money", published in 2014. Makes you want to go "hmmmm...."
Did gold start another massive run up in late 2015? So far, it sure looks like it.
The coincident timelines are certainly intriguing, but digging deeper, are they merely coincidental, or conspiratorial? Are the financial elites signalling a pending, if not imminent financial crises on the horizon? Is Jim Rickards, a former insider at the Fed and US Treasury, a true champion of the people, advocating gold as a protector of purchasing power? Or is he just a useful tool of the elite, espousing truth, but sucking in early adopters in 2011, so the weak hands could be wiped out before gold resumes its next historic bull run?
Was gold's peak in 2011 analogous to its peak in 1974? Likewise, was gold's bottom in 1976 a similar precursor to gold's bottom in 2015? More importantly, what happens next? If history does rhyme, we can expect another epic run up in gold (and silver).
An astute, contrarian student of history can deduce outcomes, but timing it exactly is next to impossible.
My long-term outlook for gold remains $6300/oz. or higher, as long as fiscal conditions continue to deteriorate and monetary policies remain accommodative.
Labels:
death,
James Rickards,
Jens Parsson,
money
Thursday, October 26, 2017
Rand Paul Tweet on Warmonger Lindsey Graham
You know you are in too many wars in too many places when even warmonger Lindsay Graham can’t keep track anymore— Senator Rand Paul (@RandPaul) October 23, 2017
Labels:
Lindsey Graham,
Rand Paul,
Warmonger
Paper Currencies vs. Gold During War Times
I just had a fascinating conversation with a 90 year old woman. Her
memory isn't great on every day stuff, but her childhood memories are
still sharp to the minute detail. Since Vietnam was colonized by the
French at various times, they controlled the money supply (piasters).
But when the Chinese and Japanese would invade, the paper money would
expire worthless. Many upperclass members of society would perish, as
rice was either confiscated or destroyed by the invaders.
Her mother would resort to hoarding rice, beans and grapefruit, as they were staples that wouldn't rot quickly. Some peasants survived because they had access to food (farmers), while those in the cities starved
Fortunately, her mother also hoarded gold, as her family had means. She would cut up the flattened gold with a knife, and use it to buy rice, vegetables, and fruit on the black market. One has to survive the Great Depression and world wars to recall this. Unfortunately, this is happening in real-time today in Venezuela, Argentina, and other hollowed out countries devastated by war and/or government financial mismanagement.
Her mother would resort to hoarding rice, beans and grapefruit, as they were staples that wouldn't rot quickly. Some peasants survived because they had access to food (farmers), while those in the cities starved
Fortunately, her mother also hoarded gold, as her family had means. She would cut up the flattened gold with a knife, and use it to buy rice, vegetables, and fruit on the black market. One has to survive the Great Depression and world wars to recall this. Unfortunately, this is happening in real-time today in Venezuela, Argentina, and other hollowed out countries devastated by war and/or government financial mismanagement.
Labels:
gold,
paper currencies,
War Times
Tuesday, October 24, 2017
Gold, Bitcoin, And Metcalfe’s Law
http://www.zerohedge.com/news/2017-10-23/gold-bitcoin-and-metcalfe%E2%80%99s-law
In one such poll, attendees overwhelmingly said the gold price would skyrocket in the event of a conflict involving nuclear weapons. Bitcoin, meanwhile, would plummet, according to participants—which makes some sense. As I pointed out before, trading bitcoin and other cryptos is dependent on electricity and WiFi, both of which could easily be knocked out by a nuclear strike. Gold, however, would still be available to convert into cash.”
In one such poll, attendees overwhelmingly said the gold price would skyrocket in the event of a conflict involving nuclear weapons. Bitcoin, meanwhile, would plummet, according to participants—which makes some sense. As I pointed out before, trading bitcoin and other cryptos is dependent on electricity and WiFi, both of which could easily be knocked out by a nuclear strike. Gold, however, would still be available to convert into cash.”
“Metcalfe’s law states that the bigger the network of users, the greater that network’s value becomes.
Robert Metcalfe, distinguished electrical engineer, was speaking specifically about Ethernet, but it also applies to cryptos. Bitcoin might look like a bubble on a simple price chart, but when we place it on a logarithmic scale, we see that a peak has not been reached yet.
“Bitcoin adoption could multiply the more people become aware of how much of their wealth is controlled by governments and the big banks."
Labels:
bitcoin,
gold,
Metcalfe’s Law
Monday, October 23, 2017
Are Cryptocurrencies Inflationary?
I firmly believe Bitcoin's creator, "Satoshi", aren't rogue hackers, but
the US Treasury itself. it's well documented that sovereign treasuries
and central banks are planning to or already implementing cashless
transactions.
https://dollarcollapse.com/crypto-currency/are-cryptocurrencies-inflationary/
https://dollarcollapse.com/crypto-currency/are-cryptocurrencies-inflationary/
Labels:
Cryptocurrencies,
inflationary
Sunday, October 22, 2017
Friday, October 20, 2017
Calm Before The Storm
Peter Schiff was early, but accurate when he predicted a stock market crash in 2006. He was ridiculed by the financial pundits and the media at the time.
https://www.youtube.com/watch?v=sgRGBNekFIw
Today, he's making another prediction of a financial bubble bursting. In my opinion, he will be proven right again.
http://www.europac.com/commentaries/calm_storm
https://www.youtube.com/watch?v=sgRGBNekFIw
Today, he's making another prediction of a financial bubble bursting. In my opinion, he will be proven right again.
http://www.europac.com/commentaries/calm_storm
Why, now, should Americans support our troops?
Readers will find the author of this opinion article either patriotic or unpatriotic.
http://www.zerohedge.com/news/2016-10-31/what-have-you-done-me-lately
http://www.zerohedge.com/news/2016-10-31/what-have-you-done-me-lately
ScotiaMocatta Put For Sale After Multibillion Money-Laundering Scandal
http://www.zerohedge.com/news/2017-10-19/scotiamocatta-put-sale-after-multibillion-money-laundering-scandal
Labels:
For Sale,
money-laundering,
scandal,
ScotiaMocatta
Thursday, October 19, 2017
Tuesday, October 17, 2017
Sunday, October 15, 2017
Market Peaks and Valleys
From its high on March 10, 2000 to its low on October 9, 2002, the
tech-heavy NASDAQ index plummeted 78%.
From its peak on October 31, 2007 to its valley on March 9, 2009, the NASDAQ fell 56%.
Silver peaked at $48.42 on April 28, 2011 and bottomed at $13.64 on December 14, 2015, down 72% from its peak.
Today, silver is trading around $17.42. Now is the time to buy silver as we are in the 2nd inning of a secular bull market.
From its peak on October 31, 2007 to its valley on March 9, 2009, the NASDAQ fell 56%.
Silver peaked at $48.42 on April 28, 2011 and bottomed at $13.64 on December 14, 2015, down 72% from its peak.
Today, silver is trading around $17.42. Now is the time to buy silver as we are in the 2nd inning of a secular bull market.
How Socialism Ruined Venezuela
There is no need to say "screw socialists and liberals." They're doing a good enough job of screwing themselves.
https://mises.org/library/how-socialism-ruined-venezuela
https://mises.org/library/how-socialism-ruined-venezuela
The Coming Renaissance of Macro Investing
This macro hedge fund manager provides prescient insight on the demise of the petrodollar, but doesn't go far enough in providing financial solutions in a geopolitical environment of reduced US influence in financial markets. Shorting the USDollar is one investment theme. Going long precious metals among other commodities are another.
http://www.barrons.com/articles/the-coming-renaissance-of-macro-investing-1507957012
http://www.barrons.com/articles/the-coming-renaissance-of-macro-investing-1507957012
Labels:
Coming,
Macro Investing,
Renaissance
Friday, October 13, 2017
China Launches Yuan-Ruble Payment System
More evidence signalling the end of the petrodollar.
http://www.zerohedge.com/news/2017-10-12/china-launches-yuan-ruble-payment-system
http://www.zerohedge.com/news/2017-10-12/china-launches-yuan-ruble-payment-system
Labels:
China,
launch,
Payment System,
ruble,
yuan
Friday, October 6, 2017
Thursday, October 5, 2017
An Extremely Important Note On The Silver Market. Plus A Look At The US Dollar, Oil, And Stocks
The secular low for silver in the current (bull) cycle was $13.83/oz. on December 31, 2015. The all-time high of approximately $50/oz. occurred in 1980 and 2011. Keep these inflection points in mind. When silver does breach $50, the sky is the limit.
http://kingworldnews.com/an-extremely-important-note-on-the-silver-market-plus-a-look-at-the-dollar-oil-and-stocks/
http://kingworldnews.com/an-extremely-important-note-on-the-silver-market-plus-a-look-at-the-dollar-oil-and-stocks/
Labels:
oil,
silver market,
stocks,
US dollar
Gold and Tranquility
good one, Mr. Lassonde! pic.twitter.com/pFYZIv1Qdi— Ronnie Stoeferle,CMT (@RonStoeferle) October 5, 2017
Labels:
gold,
Tranquility
Tuesday, October 3, 2017
Russian Gold Reserves Hit Putin-Era High, Buying Frenzy Accelerates
This article is otherwise spot on, but one of the inaccuracies is the author assumes official Chinese gold reserves are actual. Unofficially, China's gold reserves are vastly under-reported.
http://www.zerohedge.com/news/2017-10-02/russian-gold-reserves-hit-putin-era-high-buying-frenzy-accelerates
http://www.zerohedge.com/news/2017-10-02/russian-gold-reserves-hit-putin-era-high-buying-frenzy-accelerates
Labels:
accelerates,
buying,
Frenzy,
gold reserves,
Putin,
Russian
Monday, October 2, 2017
Fed Study: The Bottom 90% & The Failure Of Prosperity
So after Wall Street sycophants (mouthpieces, really) and mainstream
economists labeled naysayers like myself as uneducated dolts after
declaring Main Street was losing as Wall Street was winning, the Fed now
admits what we've been saying all along. The bottom 90% has lost
big-time, even as fat cats have been prospering due to record-high
equities and bond markets. Gee, all you shills can pull your head out
of your a$$e$ now.
https://realinvestmentadvice.com/fed-study-the-bottom-90-the-failure-of-prosperity/
https://realinvestmentadvice.com/fed-study-the-bottom-90-the-failure-of-prosperity/
Labels:
Bottom 90%,
failure,
Fed Study,
prosperity
Sunday, October 1, 2017
Saturday, September 30, 2017
Friday, September 29, 2017
President's top candidate to lead Fed knows all about gold market rigging
If Trump appoints Kevin Warsh as the next Fed Chairman, expect gold bugs
to be all over him about his previous comments on market manipulation.
http://www.gata.org/node/17681
http://www.gata.org/node/17681
Labels:
Fed,
gold market,
Kevin Warsh,
Knows,
lead,
President,
Rigging,
top candidate
Thursday, September 28, 2017
Gold Standard Resulted In “Fewer Catastrophes” – FT
It's worth taking notice when the Financial Times, essentially a shill for the Bank of England and global banking cartel, publishes a pro-gold standard article. It's highly uncharacteristic, but it could signal a break out in the gold price.
http://www.goldcore.com/us/gold-blog/gold-standard-resulted-fewer-catastrophes-ft/
http://www.goldcore.com/us/gold-blog/gold-standard-resulted-fewer-catastrophes-ft/
Labels:
Fewer Catastrophes,
Financial Times,
gold standard
Is This The Real Driver Of Gold's Recent Weakness?
When Asia goes on holiday, gold declines as the manipulators from the
West can use paper gold to short markets without interference from
physical buyers from the East. This author looks for the precious metals sector to bottom on October 9. This aligns with the BLS employment data being released on October 6. Buy the dip if gold and silver tank in New York trading.
http://www.zerohedge.com/news/2017-09-27/real-driver-golds-recent-weakness
http://www.zerohedge.com/news/2017-09-27/real-driver-golds-recent-weakness
Labels:
gold,
Real Driver,
Recent Weakness
Wednesday, September 27, 2017
Sunday, September 24, 2017
Friday, September 22, 2017
Time To Lay Low
t may be prudent to wait another two weeks to BTFD in gold and
silver, coinciding with the manufactured employment data from the BLS on
October 6. The big bullion bank SHORTS are taking out the speculative
LONGS in a body bag with the latest wash-and-rinse cycle, targeting
stops at the moving averages. If readers don't understand what I just
posted, you shouldn't be trading in and out of stocks--or anything, for
that matter. It's a rigged casino, and we're not part of the Club.
Instead, keep accumulating physical gold and silver on the dips. At least 10% of your savings should be in physical precious metals. As for the other 90%, I'll leave it to the Wall Street casinos to give counsel on that.
https://www.tfmetalsreport.com/blog/8573/time-lay-low
Instead, keep accumulating physical gold and silver on the dips. At least 10% of your savings should be in physical precious metals. As for the other 90%, I'll leave it to the Wall Street casinos to give counsel on that.
https://www.tfmetalsreport.com/blog/8573/time-lay-low
Thursday, September 21, 2017
ALERT: Multi-Billionaire Hugo Salinas Price Says This Catalyst Has Gold Headed Thousands Of Dollars Higher
The black gold (oil) for gold trade will devalue the Chinese yuan, but
the USDollar will devalue even faster. The corollary will also be in
effect: in dollar terms, oil and especially gold, will be priced much
higher.
http://kingworldnews.com/alert-multi-billionaire-hugo-salinas-price-says-this-catalyst-has-gold-price-headed-thousands-of-dollars-higher/
http://kingworldnews.com/alert-multi-billionaire-hugo-salinas-price-says-this-catalyst-has-gold-price-headed-thousands-of-dollars-higher/
Labels:
catalyst,
gold,
headed,
higher,
Hugo Salinas Price
Dollar could suffer if U.S. walks away from Iran deal: John Kerry
And there you have it in explicit quotes. It is no longer conspiracy theory. US foreign policy is 100% predicated on USDollar hegemony, keeping its petrodollar status. It is failing. Get ready to pay much more for EVERYTHING as the dollar continues to lose its purchasing power. Buy physical gold and silver to protect your assets. Because your neighbors are about to be wiped out, whether markets keep going up or not (they won't).
http://www.reuters.com/article/us-iran-nuclear-kerry/dollar-could-suffer-if-u-s-walks-away-from-iran-deal-john-kerry-idUSKCN0QG1V020150812
http://www.reuters.com/article/us-iran-nuclear-kerry/dollar-could-suffer-if-u-s-walks-away-from-iran-deal-john-kerry-idUSKCN0QG1V020150812
If the United States walks away from the nuclear deal with Iran and demands that its allies comply with U.S. sanctions, a loss of confidence in U.S. leadership could threaten the dollar’s position as the world’s reserve currency, the top U.S. diplomat said on Tuesday.
“If we turn around and nix the deal and then tell them, ‘You’re going to have to obey our rules and sanctions anyway,’ that is a recipe, very quickly ... for the American dollar to cease to be the reserve currency of the world,” U.S. Secretary of State John Kerry said at a Reuters Newsmaker event.
Labels:
dollar,
Iran deal,
John Kerry,
suffer,
walks away
Wednesday, September 20, 2017
LBMA pledges 'transparency,' so where are the gold swaps and leases?
The LBMA has been corrupted for years, prompting this call for transparency from its CEO. It's too late--its relevance in the physical gold markets has been usurped by China.
http://www.gata.org/node/17659
http://www.gata.org/node/17659
Labels:
gold swaps,
LBMA,
leases,
pledges,
transparency,
where
Tuesday, September 19, 2017
Biggest Hedge Fund Manager In The World Warns "Bitcoin Is A Bubble", Says Gold Is Money
When you're the biggest hedge fund manager in the world, you by
definition, cannot be a conspiracy theorist (as gold bugs have been
accused of). Having said that, while I don't agree with everything he
says about Bitcoin, my opinions about gold certainly align with his.
http://www.zerohedge.com/news/2017-09-19/ray-dalio-says-bitcoin-bubble
http://www.zerohedge.com/news/2017-09-19/ray-dalio-says-bitcoin-bubble
Labels:
Biggest,
bitcoin,
bubble,
gold is money,
Hedge Fund Manager,
warns
Monday, September 18, 2017
Greyerz – The Financial Doomsday Clock Is Close To Midnight
We already have thermonuclear war in the gold pits.
http://kingworldnews.com/greyerz-the-financial-doomsday-clock-is-close-to-midnight/
http://kingworldnews.com/greyerz-the-financial-doomsday-clock-is-close-to-midnight/
Labels:
close,
Doomsday Clock,
financial,
Greyerz,
Midnight
Saturday, September 16, 2017
After Gold Crash, Experts Point to Central Bank Manipulation
More admission from monetary authorities that they manipulate (down) the price of gold. One just has to know where to look.
https://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation
https://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation
“Central banks stand ready to lease gold in increasing quantities, should the price of gold rise,” then-Fed boss Alan Greenspan told the House Banking Committee in 1998. In other words, if gold prices go up, the central bank will make sure they come back down. The Fed has publicly admitted as much.
Even before Greenspan’s infamous admission, a “confidential” Fed document dated April 5, 1961, available in the Federal Reserve Bank of St. Louis’ archives, revealed the central bank’s hand in the metals market. “Monetary authorities in the United States ... have maintained the stability (and primacy) of the dollar in the international currency structure by standing ready to buy gold from, and sell it to, foreign monetary authorities who either need or acquire dollars for exchange purposes,” reads the paper, entitled “U.S. Foreign Exchange Operations: Needs and Methods.” The minutes from Fed “Open Market Committee” meetings showed the central bankers jubilantly admitting that even mentioning a possible gold sale would drive the price down. The Fed, of course, also admits that it is a privately owned institution.
Labels:
central bank manipulation,
experts,
gold crash,
Point
Outspoken speech of BIS official William R White (2005): The fifth objective of Central Bank cooperation is to influence the price of gold
This is not a conspiracy theory. The financial elites don't always
operate in the dark. Sometimes they explicitly describe what they do.
The deniers are willfully blind.
http://moneyinsights.org/2015/11/29/clearly-speech-of-bis-official-william-r-white-2005-the-fifth-objective-of-central-bank-cooperation-is-to-influence-the-price-of-gold/
http://moneyinsights.org/2015/11/29/clearly-speech-of-bis-official-william-r-white-2005-the-fifth-objective-of-central-bank-cooperation-is-to-influence-the-price-of-gold/
Thursday, September 14, 2017
Wednesday, September 13, 2017
BIS official: Central banks cooperate to influence gold price
This removes all doubt that central bankers and their bullion bank agents conspire to suppress the price of gold and manipulate foreign currencies.
http://www.gata.org/node/4279
http://www.gata.org/node/4279
Labels:
BIS official,
central banks,
cooperate,
gold price,
Influence
Tuesday, September 12, 2017
Monday, September 11, 2017
Sunday, September 10, 2017
Saturday, September 9, 2017
Whistleblower Andrew Maguire Exposed 14 Days Ago ‘Vampire Squid’ Goldman Sachs Was Moving In For The Kill. Maguire Now Says Admission By Goldman’s Currie Is A Big Deal
Gold perma-bear Goldman Sach's commodities analyst Jeff Currie is not only bullish on gold, but he is advising clients to buy physical gold, not ETF's or COMEX futures contrasts. I almost fell out of my chair when I read this.
This captured analyst has never dispensed this advice--ever, as far as I can remember. In fact, he was mocking gold bugs for years for giving the same advice. Why the flip flop? I believe Goldman Sachs is now talking their book and looking to drive precious metals prices higher now that they are positioned for it.
Talk prices down, scoop up physical gold at low prices. Then talk prices up, once correctly positioned long.
http://kingworldnews.com/whistleblower-andrew-maguire-exposed-14-days-ago-vampire-squid-goldman-sachs/
This captured analyst has never dispensed this advice--ever, as far as I can remember. In fact, he was mocking gold bugs for years for giving the same advice. Why the flip flop? I believe Goldman Sachs is now talking their book and looking to drive precious metals prices higher now that they are positioned for it.
Talk prices down, scoop up physical gold at low prices. Then talk prices up, once correctly positioned long.
http://kingworldnews.com/whistleblower-andrew-maguire-exposed-14-days-ago-vampire-squid-goldman-sachs/
Labels:
Andrew Maguire,
Currie,
exposed,
Goldman Sachs,
Vampire Squid,
whistleblower
Friday, September 8, 2017
Tuesday, September 5, 2017
Monday, September 4, 2017
Sunday, September 3, 2017
Gold price suppression -- why, how, and how long
This is the seminal and definitive dissertation on the surreptitious gold suppression scheme.
http://www.gata.org/node/13644
http://www.gata.org/node/13644
Labels:
gold price,
how,
How Long,
suppression,
why
Thursday, August 31, 2017
Tuesday, August 29, 2017
Total G-3 Central Bank Control
So let me get his straight. Sell the VIX, buy the USD/JPY, and sell GLD. Then Buy SPX. Got it.
https://www.tfmetalsreport.com/blog/8530/total-g-3-central-bank-control
https://www.tfmetalsreport.com/blog/8530/total-g-3-central-bank-control
Labels:
central bank,
control,
G-3,
total
Saturday, August 26, 2017
Friday, August 25, 2017
Thursday, August 24, 2017
Wednesday, August 23, 2017
Tuesday, August 22, 2017
Monday, August 21, 2017
Sunday, August 20, 2017
Alert: Dollar & Markets at Risk to Plummet – John Williams
Is John Williams of shadowstats.com scare-mongering, or is he prescient? You decide. But look at his calculation methods of economic metrics and how they differ from official numbers, and WHY they are different.
https://usawatchdog.com/alert-dollar-markets-at-risk-to-plummet-john-williams/
https://usawatchdog.com/alert-dollar-markets-at-risk-to-plummet-john-williams/
Labels:
dollar,
John Williams,
markets,
plummet,
risk
Saturday, August 19, 2017
Donald Trump Finally Comes Out of the Closet
Populism was a mirage, as it was in 2008. There was no hope and change
then, and there is none today. The wealth inequality gap has never been
higher than it was under Obama. And it's not closing under Trump.
Wall Street is in the oval office. I'm sure I'll piss off both sides of
the aisle, but it's the Elites (the top 0.1%) 2 and the People (the
bottom 99.9%) 0. We've been snookered once again.
https://libertyblitzkrieg.com/2017/08/18/donald-trump-finally-comes-out-of-the-closet/
https://libertyblitzkrieg.com/2017/08/18/donald-trump-finally-comes-out-of-the-closet/
Labels:
Closet,
Comes Out,
Donald Trump
Friday, August 18, 2017
BullionStar quoted in Wall Street Journal article on New York Fed Gold
More opacity from the Fed about its custodial gold vaults.
https://www.bullionstar.com/blogs/ronan-manly/bullionstar-quoted-wall-street-journal-article-new-york-fed-gold/
https://www.bullionstar.com/blogs/ronan-manly/bullionstar-quoted-wall-street-journal-article-new-york-fed-gold/
Labels:
article,
BullionStar,
gold,
New York Fed,
quoted,
Wall Street Journal
Thursday, August 17, 2017
Wednesday, August 16, 2017
Gold Price: USD 65,000/oz in 5 years?
I laugh when people tell me a return to a gold standard is impossible
because, in their own words, "there is not enough gold." They should
listen to themselves. What does scarcity imply? There is always enough
gold to back a currency. The only question then becomes at what price?
The money-printing madness will come to a terminal end at some point.
And it won't be pretty.
The same people also laughed when Bitcoin advocates were touting Bitcoin's virtues when it was ten cents. Now that it's $3400, the critics aren't laughing anymore. And guess what? Gold is a safer haven than cryptocurrencies will ever be. Ask anybody who's been hacked or had their Bitcoin stolen, or when a Bitcoin exchanged collapsed. Two wrongs don't make a right.
https://www.bullionstar.com/blogs/bullionstar/gold-price-usd-65000oz-in-5-years-2/
The same people also laughed when Bitcoin advocates were touting Bitcoin's virtues when it was ten cents. Now that it's $3400, the critics aren't laughing anymore. And guess what? Gold is a safer haven than cryptocurrencies will ever be. Ask anybody who's been hacked or had their Bitcoin stolen, or when a Bitcoin exchanged collapsed. Two wrongs don't make a right.
https://www.bullionstar.com/blogs/bullionstar/gold-price-usd-65000oz-in-5-years-2/
Labels:
gold price
Tuesday, August 15, 2017
Visualizing the Diversity of the Tech Industry
Here's an awkward statistic. Asians are in the extreme minority of the
American population, around 4%. Yet, Asians are "over-represented" in
the tech industry. Where's the outcry for diversity?
http://www.visualcapitalist.com/visualizing-diversity-tech-industry/
http://www.visualcapitalist.com/visualizing-diversity-tech-industry/
Labels:
Diversity,
Tech Industry,
Visualizing
Monday, August 14, 2017
Wednesday, August 9, 2017
Friday, August 4, 2017
The Key Test Ahead
I have zero confidence that the CFTC will indict JPMorgan for the manipulation of the silver futures market. Because they would eventually have to indict the Fed and US Treasury, and that ain't gonna happen.
http://silverseek.com/commentary/key-test-ahead-16791
http://silverseek.com/commentary/key-test-ahead-16791
Labels:
Key Test
Geopolitical Tensions Are Designed To Distract The Public From Economic Decline
Unfortunately, this author understands the Deep State's agenda. And before dismissing him as just another "extremist right-wingnut", he was one of the few who predicted a Trump presidency when there were 20 other GOP candidates at the starting line.
Don't judge others--especially when they are right more often than you are.
http://www.alt-market.com/articles/3243-geopolitical-tensions-are-designed-to-distract-the-public-from-economic-decline
Don't judge others--especially when they are right more often than you are.
http://www.alt-market.com/articles/3243-geopolitical-tensions-are-designed-to-distract-the-public-from-economic-decline
Labels:
Designed,
Distract,
Economic Decline,
geopolitical,
public,
tensions
Thursday, August 3, 2017
Hot Potatoes and Dutch Tulips
Hussman forecasts the SP 500 to crash 44% to 63% from today's record levels. And that would be a run of the mill crash, nothing spectacularly catastrophic. In other words, it could be worse.
https://www.hussmanfunds.com/wmc/wmc170731.htm
https://www.hussmanfunds.com/wmc/wmc170731.htm
Labels:
Dutch Tulips,
Hot Potatoes,
Hussman
Tuesday, August 1, 2017
Greenspan Fears Imminent Stagflationary Slump, Warns The Bubble Is In Bonds Not Stocks
Will mainstream Keynesian economists (which is redundant since 99% of economists are Keynesian) and the indoctrinated masses label former Fed Chairman Greenspan a chicken little and delirious gold bug? He's advocating a return to the gold standard, and forecasting stagflation.
This is coming from a man who was the ultimate Keynesian and dubbed the "Maestro" because he was so deft at printing virtually unlimited "stimulus" dollars. Now that he's 91 years old, I'm sure his former allies will label him a decrepit, old, has-been scholar.
By the way, Austrian economists have been saying the bond market is the mother of all bubbles for quite a while. They will be proven right, if early.
http://www.zerohedge.com/news/2017-08-01/greenspan-fears-stagflationary-slump-imminent-warns-bubble-bonds-not-stocks
This is coming from a man who was the ultimate Keynesian and dubbed the "Maestro" because he was so deft at printing virtually unlimited "stimulus" dollars. Now that he's 91 years old, I'm sure his former allies will label him a decrepit, old, has-been scholar.
By the way, Austrian economists have been saying the bond market is the mother of all bubbles for quite a while. They will be proven right, if early.
http://www.zerohedge.com/news/2017-08-01/greenspan-fears-stagflationary-slump-imminent-warns-bubble-bonds-not-stocks
Labels:
bonds,
bubble,
fears,
Greenspan,
imminent,
Not Stocks,
slump,
Stagflationary,
warns
Does the Federal Reserve own or hold gold?
https://www.federalreserve.gov/faqs/does-the-federal-reserve-own-or-hold-gold.htm
The Federal Reserve does not own gold.
Labels:
Federal Reserve,
gold,
hold,
Own
Revealed for the first time: just how much gold is in London's vaults
This article allegedly provides more transparency for the LBMA's gold holdings, but it also perhaps unwittingly exposes one of the biggest lies about the Fed's gold holdings. This article declares the Fed owns 6700 tons. According to the Fed itself, it owns no gold. It's listed as an asset in the US Treasury balance sheet. And the 8100 ton quantity is questionable.
http://www.telegraph.co.uk/business/2017/07/31/revealed-first-time-just-much-gold-londons-vaults/
http://www.telegraph.co.uk/business/2017/07/31/revealed-first-time-just-much-gold-londons-vaults/
Labels:
First Time,
gold,
London vaults,
revealed
The West lost at least another 1000 tonnes of large gold bars in 2015
Central banks are lying about their balance sheet assets? Say it ain't so, Joe. Bankers would never lie--especially regarding matters pertaining to gold. /sarcasm
https://www.bullionstar.com/blogs/ronan-manly/west-lost-least-another-1000-tonnes-large-gold-bars-2015/
https://www.bullionstar.com/blogs/ronan-manly/west-lost-least-another-1000-tonnes-large-gold-bars-2015/
Overall, within the 2013 – 2015 period that is about 4200 – 4600 tonnes of gold being converted into kilogram and other smaller denomination high purity gold bars and sent to markets in China, India, Hong Kong and elsewhere in Asia. This is gold above and beyond mine supply and scrap supply. Where has all of this gold come from? Some of it is proven to be from gold-backed ETFs. Some is most probably also from central bank vaults, in which case the central banks do not have the gold that they claim to have. Which everybody know anyway, as much central bank gold has been lent out and is merely a fiction on the central bank balance sheets
Sunday, July 30, 2017
Estimated Chinese Gold Reserves Surpass 20,000t
“Appear weak when you are strong, and strong when you are weak.” “The
supreme art of war is to subdue the enemy without fighting.” - Sun Tzu,
The Art of War
The People's Bank of China (PBOC) declares it has official gold reserves of 1840 tons. Most pundits close to the PBOC acknowledge they have north of 4000 tons. Koos Jansen says mainland China has over 20,000 tons. In their estimation, at some point, the PBOC will have enough gold commensurate with their economy and declare their actual inventory, not their understated tonnage.
In doing so, they will also declare the renminbi (yuan) will be backed by gold, and that oil imports will be traded in contracts based on the remnibi, not in dollars any longer.
The US will declare a trade war on China as oil and consumer prices skyrocket, while the dollar collapses.
https://www.bullionstar.com/blogs/koos-jansen/estimated-chinese-gold-reserves-surpass-20000-tonnes/
The People's Bank of China (PBOC) declares it has official gold reserves of 1840 tons. Most pundits close to the PBOC acknowledge they have north of 4000 tons. Koos Jansen says mainland China has over 20,000 tons. In their estimation, at some point, the PBOC will have enough gold commensurate with their economy and declare their actual inventory, not their understated tonnage.
In doing so, they will also declare the renminbi (yuan) will be backed by gold, and that oil imports will be traded in contracts based on the remnibi, not in dollars any longer.
The US will declare a trade war on China as oil and consumer prices skyrocket, while the dollar collapses.
https://www.bullionstar.com/blogs/koos-jansen/estimated-chinese-gold-reserves-surpass-20000-tonnes/
Labels:
Chinese,
Estimated,
gold reserves,
Surpass
Friday, July 28, 2017
The Globalist One World Currency Will Look A Lot Like Bitcoin
If I appeared to be ambivalent about crypto-currencies like Bitcoin, it's because I was. I penned a blog on why Bitcoin was a legitimate currency back in 2013 <click here>, and its mainstream acceptance since then has proven that point beyond doubt.
But I also later wrote other blog entries around my concerns about crypto-currencies <click here>, namely how a backdoor in the encryption allowed access which isn't necessarily desirable <click here>. Could the trapdoor loophole be a creation of the NSA, Secret Service or US Treasury? Perhaps. Edward Snowden believed so. And if Bitcoin has an upper limit of 21 million units, what's to prevent other crypto-currencies from emerging?
For true Bitcoin nerds, here are two insightful articles about crypto-currency encryption algorithms: <click here> and <click here>.
The first concern is playing out as law enforcement authorities are capturing criminals conducting business and stealing crypto-curriences. Pseudo-anonymity is not anonymous, frankly. And the second concern is materializing as thousands of other crypto-currencies have been created via ICO's (Initial Coin Offerings)--most of which have been funded by Bitcoin or Ethereum, thereby driving up demand for both. It's analogous to calculus gone bad, as first-order and second-order derivatives are spiraling out of control in an endless positive feedback loop.
At the end of the day, these and other reasons I've mentioned previously are why I remain skeptical about the long-term prospects of crypto-currencies as safe haven assets. Bitcoin may be a currency, but it is not sound money, in my opinion.
This article by Brandon Smith sums up the future role of the IMF's Special Drawing Rights and crypto-currencies well.
http://www.alt-market.com/articles/3239-the-globalist-one-world-currency-will-look-a-lot-like-bitcoin
But I also later wrote other blog entries around my concerns about crypto-currencies <click here>, namely how a backdoor in the encryption allowed access which isn't necessarily desirable <click here>. Could the trapdoor loophole be a creation of the NSA, Secret Service or US Treasury? Perhaps. Edward Snowden believed so. And if Bitcoin has an upper limit of 21 million units, what's to prevent other crypto-currencies from emerging?
For true Bitcoin nerds, here are two insightful articles about crypto-currency encryption algorithms: <click here> and <click here>.
The first concern is playing out as law enforcement authorities are capturing criminals conducting business and stealing crypto-curriences. Pseudo-anonymity is not anonymous, frankly. And the second concern is materializing as thousands of other crypto-currencies have been created via ICO's (Initial Coin Offerings)--most of which have been funded by Bitcoin or Ethereum, thereby driving up demand for both. It's analogous to calculus gone bad, as first-order and second-order derivatives are spiraling out of control in an endless positive feedback loop.
At the end of the day, these and other reasons I've mentioned previously are why I remain skeptical about the long-term prospects of crypto-currencies as safe haven assets. Bitcoin may be a currency, but it is not sound money, in my opinion.
This article by Brandon Smith sums up the future role of the IMF's Special Drawing Rights and crypto-currencies well.
http://www.alt-market.com/articles/3239-the-globalist-one-world-currency-will-look-a-lot-like-bitcoin
Thursday, July 27, 2017
PBoC Gold Purchases: Secretive Accumulation on the International Market
It's pretty well known amongst gold bugs that official Chinese gold reserves are spectacularly understated and under-reported. By extension, it's logical to deduce that they are manipulating prices lower as they continue their accumulation of gold--for different reasons than western central banks.
The latter suppress gold prices to mask fiscal insolvency and financial mismanagement of their respective country's treasuries. The Chinese hold down gold prices to buy low.
At some point, they will have enough and the springboard in gold prices will be released.
https://www.bullionstar.com/gold-university/chinese-central-bank-gold-buying
The latter suppress gold prices to mask fiscal insolvency and financial mismanagement of their respective country's treasuries. The Chinese hold down gold prices to buy low.
At some point, they will have enough and the springboard in gold prices will be released.
https://www.bullionstar.com/gold-university/chinese-central-bank-gold-buying
Greece Arrests Russian "Mastermind" Behind $4 Billion Bitcoin Laundering Scheme
Despite it's alleged pseudo-anonymity and scarcity, THIS is why crypto
currencies aren't quite the safe haven its most ardent supporters claim
it to be. Yes, crypto-currencies are indeed currencies, but its
inherent "virtual" nature makes it unsound money. Only tangible assets
are real. Got gold?
http://www.zerohedge.com/news/2017-07-27/greece-arrests-russian-mastermind-behind-4-billion-bitcoin-laundering-scheme
http://www.zerohedge.com/news/2017-07-27/greece-arrests-russian-mastermind-behind-4-billion-bitcoin-laundering-scheme
Labels:
Arrests,
bitcoin,
Greece,
Laundering Scheme,
Mastermind,
Russian
Despite The Euphoria, A Major Warning Flag Is Now Waving
Margin debt is at record highs, signalling extreme euphoria among
(retail) investors. A market crash is pending, if not imminent.
http://kingworldnews.com/despite-the-euphoria-a-major-warning-flag-is-now-waving/
http://kingworldnews.com/despite-the-euphoria-a-major-warning-flag-is-now-waving/
Labels:
Euphoria,
Major,
Warning Flag,
Waving
Tuesday, July 25, 2017
How Big Of A Deleveraging Are We Talking About?
https://realinvestmentadvice.com/how-big-of-a-deleveraging-are-we-talking-about/
“If the economy is doing as well as Central Banks suggest, then why, after 9-years, are the ’emergency measures’ being applied to global economies still in place?”More importantly, what happens when they are forced to stop.
Of course, this is why Central Banks globally are terrified of such an outcome.
Labels:
Big,
deleveraging
Monday, July 24, 2017
Sunday, July 23, 2017
Wednesday, July 19, 2017
Monday, July 17, 2017
Gold Performs Well Even When Interest Rates Rise
Many pundits believe rising interest rates are bearish for precious metals, since rising bond yields provide more effective competition against gold and silver, which pay no dividends. By extension, the conventional wisdom is investors would then gravitate toward fixed-income investments (which pay a coupon) over physical gold or silver. It's intuitively correct, but history shows it is mostly inaccurate.
Gold made its historic run up in the 1970's when inflation was rearing its ugly head. More recently, the Fed raised interest rates a tick (reversing policy for the first time since 2008) in December 2015, which coincided with the bottom in gold. The reason is because not only is gold a good hedge against inflation, but it performs even better when there is distress in financial markets and doubts about the soundness of currencies.
https://www.caseyresearch.com/heres-what-happens-to-gold-when-interest-rates-go-up/
Gold made its historic run up in the 1970's when inflation was rearing its ugly head. More recently, the Fed raised interest rates a tick (reversing policy for the first time since 2008) in December 2015, which coincided with the bottom in gold. The reason is because not only is gold a good hedge against inflation, but it performs even better when there is distress in financial markets and doubts about the soundness of currencies.
https://www.caseyresearch.com/heres-what-happens-to-gold-when-interest-rates-go-up/
Labels:
gold,
interest rates,
Performs,
rise,
Well
Sunday, July 16, 2017
THIS IS TERRIFYING: Will All Of Your Money Be Wiped Out In The Blink Of An Eye?
http://kingworldnews.com/this-is-terrifying-will-all-of-your-money-be-wiped-out-in-the-blink-of-an-eye-2/
1. Take $18 trillion of debt printed by insolvent central banks, up 300% since 2006.
2. Add other public debt as well as private debt to reach $230 trillion, up 60% since 2006.
3. Add unfunded global liabilities and other commitments of $270 trillion making a total of $500 trillion at a minimum.
4. Just one small bit to add, which is derivatives of $1.5 quadrillion taking us to a total of $2 quadrillion or more.
5. Run budget deficits for over 50 years like the US.
6. Always buy more than you sell, creating trade deficits for over 40 years, again like the US or the UK.
7. Print money to pay for all your government expenses like Japan.
8. Buy your own debt like Japan, USA, the EU, UK, etc.
9. Mismanage your country and currency until the money reaches its intrinsic value of Zero. So far, all major currencies are down 97-99% since 1913.
10. Allow the financial system unlimited leverage to benefit a miniscule minority and burden the masses with debt.
11. Manipulate all markets to totally obscure price discovery.
12. Set interest rates at zero or negative so that governments can borrow unlimited amounts.
13. Suppress the value of gold in order to hide the mismanagement of money and the economy.
14. Set up a system of misinformation and Fake news to mislead the people.
15. Once 1 to 14 has been achieved, start at 1 again and do more of the same.
Labels:
blink,
Eye,
money,
terrifying,
wiped out
Thursday, July 13, 2017
CME Chairman Terry Duffy
Fast forward to the 5 minute mark to see CME Chairman Terry Duffy's
comments on the price of gold. It is interesting because gold bugs
believe his organization is partly responsible for surreptitiously
capping gold's price.
https://www.youtube.com/watch?v=U0NPC7tfyNw
"with all that's going on in the world, it (gold) should probably be at $5,000 to $6,000 per ounce."
https://www.youtube.com/watch?v=U0NPC7tfyNw
Labels:
Chairman,
CME,
Terry Duffy
Sunday, July 2, 2017
Saturday, July 1, 2017
Thursday, June 29, 2017
Treasury Will Run Out Of Cash In Mid-October, CBO Warns
The US government is Illinois 2.0 on steroids. The key difference being, of course, the US Treasury and Fed will just create more dollars out of thin air, and Congress will just raise the debt limit, kicking the can down the road further. The problem is one day, that can will be a boulder.
http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns
http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns
Wednesday, June 28, 2017
The End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know
Sovereign nations looking to de-dollarize (for good reason) may want to reconsider (for good reason). The US military industrial complex and the banking cartels which fund the perpetual wars don't look kindly on those attempting to abandon the petrodollar's reserve currency status.
http://theantimedia.org/end-of-petrodollar/
http://theantimedia.org/end-of-petrodollar/
Labels:
end,
Federal Reserve,
petrodollar
Tuesday, June 27, 2017
Jim Grant Explains the Gold Standard
A return to a gold standard may not happen by design, but it will inevitably
happen again--as it always has throughout history. Paper money
experiments always eventually fail.
https://mises.org/blog/jim-grant-explains-gold-standard
https://mises.org/blog/jim-grant-explains-gold-standard
Labels:
Explains,
gold standard,
Jim Grant
How Will Gold Perform During The Next Global Financial Crisis?
http://kingworldnews.com/how-will-gold-perform-during-the-next-financial-crisis/
A possible explanation for the negative correlation between gold and the dollar may be found in the attribute as a safe asset in crisis situations. Although the dollar and gold may superficially be considered substitutable, a closer examination reveals a different picture. In local crises, the US dollar is seen as a desirable asset by many market participants because the survival of the fiat money system as such is not questioned.
It is different in the case of systemic crises. In these situations, confidence in fiat currencies and the banking system is shaken and many market participants pay heed to gold’s historical function as money. Particularly in systemic crises, gold is perceived to maintain its value, while paper money is in danger of becoming completely worthless.
Labels:
financial crisis,
global,
gold,
next,
Perform
Sunday, June 25, 2017
Get Ready for ‘QT1’: A First Look at the Federal Reserve’s Hidden Policy
Jim Rickards is a stud--let's just get that out of the way. He has the academic and government pedigree, but he is also street smart and clever to boot, as a hedge fund manager and former Wall Street attorney. He's not a feckless bureaucrat by any stretch, often formulating a contrarian opinion divergent from Wall Street's echo chamber of group think.
The result is a straightforward, but insightful assessment of potential black swans, often combining theories of complexity and game theory.
https://dailyreckoning.com/quantitative-tightening-fed-hidden-policy/
The result is a straightforward, but insightful assessment of potential black swans, often combining theories of complexity and game theory.
https://dailyreckoning.com/quantitative-tightening-fed-hidden-policy/
Labels:
Federal Reserve,
Hidden Policy,
Jim Rickards,
QT1,
quantative tightening
Saturday, June 24, 2017
Thursday, June 22, 2017
German business magazine publishes major article on gold market manipulation
This German article on gold market manipulation needs an English translation.
http://www.gata.org/node/17457
http://www.gata.org/node/17457
Labels:
business magazine,
German,
gold market,
major article,
manipulation,
publishes
Wednesday, June 21, 2017
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
Another brick in the petrodollar hegemony wall falls down.
http://www.scmp.com/business/china-business/article/2099370/shanghai-gold-exchange-offer-yuan-back-futures-contract
http://www.scmp.com/business/china-business/article/2099370/shanghai-gold-exchange-offer-yuan-back-futures-contract
Fed Trying to Cripple Trump Economy-Danielle DiMartino Booth
Danielle DiMartino Booth sounds like a lunatic fringe blogger. The only
problem with that labeling is she is a former Fed insider.
http://usawatchdog.com/fed-trying-to-cripple-trump-economy-danielle-dimartino-booth/
http://usawatchdog.com/fed-trying-to-cripple-trump-economy-danielle-dimartino-booth/
Labels:
cripple,
Danielle DiMartino Booth,
Fed,
Trump Economy
Gold Is ‘Managed’ by Wall Street and The Fed - Frank Giustra
I agree with Frank Giustra that gold is being "managed by central banks," but I fail to see the difference between the term "managed" and "manipulated".
http://www.kitco.com/news/video/show/Kitco-News/1624/2017-06-20/Gold-Is-Managed-by-Wall-Street-and-The-Fed---Frank-Giustra
http://www.kitco.com/news/video/show/Kitco-News/1624/2017-06-20/Gold-Is-Managed-by-Wall-Street-and-The-Fed---Frank-Giustra
Labels:
Fed,
Frank Giustra,
gold,
Managed,
Wall Street
Saturday, June 17, 2017
Bitcoin: Pros and Cons
My view on Bitcoin is somewhat ambivalent. As I blogged 4 years ago,
it is a legitimate currency, as it is being used by many and is now
being endorsed by financial institutions, even if reluctantly. It made
sense as a hedge earlier when prices were much lower, as the fiat
currencies are being systematically debased globally (central banks are
creating their sovereign currencies with reckless abandon).
But are crypto-currencies sound money? I contend they are not, because while Bitcoin has an upper quantity limit of 21 million, that doesn't preclude others from creating alternative blockchain crypto-currencies (including the institutional favorite, Ethereum). Indeed, there are thousands of cryto-currencies in existence today already. In other words, while Bitcoin is limited to an eventual quantity of 21 million (a good thing for maintaining purchasing power), there is no shortage of competing crypto-currencies (which is a bad thing).
There are other real risks of possessing crypto-currencies (the biggest being forgetting your password, rendering permanent loss of access). Owners have been hacked, exchanges have been hacked, despite 256-bit encryption and peer-to-peer infrastructure), or the grid could go down.
In a mad world of fiat currencies where the financial elite can steal wealth from the masses via the printing press, Bitcoin is a viable hedge option. But is it the ultimate safe haven asset? No.
But are crypto-currencies sound money? I contend they are not, because while Bitcoin has an upper quantity limit of 21 million, that doesn't preclude others from creating alternative blockchain crypto-currencies (including the institutional favorite, Ethereum). Indeed, there are thousands of cryto-currencies in existence today already. In other words, while Bitcoin is limited to an eventual quantity of 21 million (a good thing for maintaining purchasing power), there is no shortage of competing crypto-currencies (which is a bad thing).
There are other real risks of possessing crypto-currencies (the biggest being forgetting your password, rendering permanent loss of access). Owners have been hacked, exchanges have been hacked, despite 256-bit encryption and peer-to-peer infrastructure), or the grid could go down.
In a mad world of fiat currencies where the financial elite can steal wealth from the masses via the printing press, Bitcoin is a viable hedge option. But is it the ultimate safe haven asset? No.
Central Banks Are Driving Many to Cryptocurrencies
And here is the opposing view, one which is pro-Bitcoin: https://mises.org/.../central-banks-are-driving-many...
Labels:
central banks,
Cryptocurrencies,
driving,
Many
This Insubstantial Pageant Faded...
It's usually prudent to consider all sides of a concept or debate. Hugo
Salinas Price is a Bitcoin skeptic--no, check that--he's a Bitcoin
cynic, and makes some valid points. Granted, he's a big advocate of
silver, so he is essentially "talking his book". But he ponders some
questions which any wise person should consider.
http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=309
http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=309
Labels:
bitcoin,
dream money,
Faded,
Hugo Salinas Price,
Insubstantial,
Pageant
The Pin To Pop This Mother Of All Bubbles?
This is a must-read for those who don't understand why the media broadcasts positive economic numbers when Main Street reality is completely opposite. Residents are being squeezed by our corrupt banking system and thus, can't make ends meet. Yet, the presstitutes keep cheerleading that everything is awesome.
https://www.peakprosperity.com/blog/109362/pin-pop-mother-all-bubbles
https://www.peakprosperity.com/blog/109362/pin-pop-mother-all-bubbles
Labels:
All Bubbles,
Mother,
Pin,
Pop
Hillary Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency
This is old news for readers of this blog, but it's a good summary of the Gaddaffi murder for the sleepy-eyed. Foreign policy of "king dollar" is everything, and top US officials know once the dollar loses its global reserve currency status, it's lights out for American hegemony.
http://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742
http://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742
Thursday, June 15, 2017
Texas taps private vendor to manage first state-run gold depository in U.S.
I didn't predict this, but I highly suggested this back in 2011 <click here> and 2013 <click here>. That's probably understating it: I pounded the table. Texas is finally creating their own gold depository in Austin.
https://www.texastribune.org/2017/06/14/texas-taps-private-vendor-first-gold-bullion-depository/
Here is an excerpt from my January 8, 2013 blog entry:
https://www.texastribune.org/2017/06/14/texas-taps-private-vendor-first-gold-bullion-depository/
Here is an excerpt from my January 8, 2013 blog entry:
While I agree with him in principle, I don't believe UTIMCO went far enough. Their gold bars do exist, but they are stored in HSBC's vaults, the custodian for the GLD ETF. There have been some grumblings of HSBC manipulating GLD shares and physical inventory, as well as accusations of JPMorgan manipulating the SLV ETF for silver. It's the ol' fox guarding the hen house syndrome. If I were UTIMCO, I would go even further, and send a team of Texas Rangers to HSBC's vaults in New York, repatriate and transport those gold bars back to Austin, Texas. After all, if/when the $hit does hit the fan, possession is 100% ownership--irrespective of legal paper claims.
Labels:
first,
gold depository,
manage,
private vendor,
state-run,
Texas
Tuesday, June 13, 2017
Monday, June 12, 2017
Sunday, June 11, 2017
Saturday, June 10, 2017
Meet The 22 Economists That Want To Kill Your Purchasing Power
This is why Bitcoin is soaring, while gold and silver will. The Fed
will raise their inflation target to 2%, benignly in their opinion.
Keynesian economists will be the downfall of US citizens.
http://www.zerohedge.com/news/2017-06-09/meet-22-economists-want-kill-your-purchasing-power
http://www.zerohedge.com/news/2017-06-09/meet-22-economists-want-kill-your-purchasing-power
Labels:
economists,
kill,
purchasing power
Paul Craig Roberts – This Will Complete The Economic Destruction Of America And The World
Clinton's repeal of Glass-Steagall has been catastrophic for the US economy and workers.
http://kingworldnews.com/paul-craig-roberts-this-will-complete-the-economic-destruction-of-america-and-the-world/
http://kingworldnews.com/paul-craig-roberts-this-will-complete-the-economic-destruction-of-america-and-the-world/
Labels:
America,
Complete,
economic destruction,
Glass-Steagall,
Paul Craig Roberts,
world
Killing the Pigeons
This is a very accurate accounting on the consequences of the left's ideology.
http://www.internationalman.com//articles/killing-the-pigeons
http://www.internationalman.com//articles/killing-the-pigeons
Why The Markets Are Overdue For A Gigantic Bust
Martenson applies common sense in a monetary world gone mad.
https://www.peakprosperity.com/blog/109221/why-markets-overdue-gigantic-bust
https://www.peakprosperity.com/blog/109221/why-markets-overdue-gigantic-bust
Labels:
Gigantic Bust,
markets,
Overdue
Thursday, June 8, 2017
Tuesday, June 6, 2017
BETTING AGAINST HISTORY
This guy gets it. Record-high markets can surge ever higher, in a so-called crack up boom. A bull market climbs a wall of worry, with prognosticators anticipating a collapse which ultimately occurs later rather than sooner.
The author acknowledges a stock market crash will occur, but it will occur only after the bond market collapses, which is the bigger bubble. And the collapse will be inflationary in nature, not deflationary, as most pundits predict. In other words, the smart money will eventually be proven right--but they will also be early and probably lose a lot of money before they will eventually be proven right.
It's difficult to be a contrarian when the majority of people agree with you.
Similar to generals fighting previous wars, investors are fighting yesterday's crises. NO ONE is expecting inflation to be an issue--deflation is the boogeyman declared by everyone in the financial services industry. In fact, the global monetary authorities (including the Fed, the Treasury, and other central banks) have stated a "desirable" inflation goal of 2% (the way inflation is calculated is understated, which deems these inflation targets meaningless anyway).
My forecast is that they will reach their inflation goals, and even exceed them, at which point, the Fed will lose control of the long end of the bond curve, resulting in runaway inflation. It will be hard to put the inflation genie back into the bottle. The end game is a collapsing bond market and soaring interest rates, as confidence in the purchasing power of the dollar will dissipate. Be careful what you wish for: you may get it--and some.
Another truism: QE to infinity. Central banks know they must inflate or die.
http://themacrotourist.com//macro/betting-against-history
The author acknowledges a stock market crash will occur, but it will occur only after the bond market collapses, which is the bigger bubble. And the collapse will be inflationary in nature, not deflationary, as most pundits predict. In other words, the smart money will eventually be proven right--but they will also be early and probably lose a lot of money before they will eventually be proven right.
It's difficult to be a contrarian when the majority of people agree with you.
Similar to generals fighting previous wars, investors are fighting yesterday's crises. NO ONE is expecting inflation to be an issue--deflation is the boogeyman declared by everyone in the financial services industry. In fact, the global monetary authorities (including the Fed, the Treasury, and other central banks) have stated a "desirable" inflation goal of 2% (the way inflation is calculated is understated, which deems these inflation targets meaningless anyway).
My forecast is that they will reach their inflation goals, and even exceed them, at which point, the Fed will lose control of the long end of the bond curve, resulting in runaway inflation. It will be hard to put the inflation genie back into the bottle. The end game is a collapsing bond market and soaring interest rates, as confidence in the purchasing power of the dollar will dissipate. Be careful what you wish for: you may get it--and some.
Another truism: QE to infinity. Central banks know they must inflate or die.
http://themacrotourist.com//macro/betting-against-history
Sunday, June 4, 2017
The US Jobs Market Is Much Worse Than The Official Data Suggest: The Full Story
The birth/death model portion of the BLS employment reports are completely fabricated.
http://www.zerohedge.com/news/2017-06-04/us-jobs-market-much-worse-official-data-suggest-full-story
http://www.zerohedge.com/news/2017-06-04/us-jobs-market-much-worse-official-data-suggest-full-story
Labels:
Much Worse,
official data,
US Jobs Market
Saturday, June 3, 2017
Friday, June 2, 2017
An Insight, An Idea With Christine Lagarde
In rare moments of candor, the IMF and BIS does have a history of sharing concerns. IMF Managing Director Legarde blurts out 200 million workers are unemployed in the western world. She also keeps mentioning the word "reset", more specifically "global monetary reset."
That is globalist code speak for the USDollar losing its petrodollar status as the global reserve currency. In its place will be the Special Drawing Right, an IMF currency consisting of a basket of dollars, euros, sterling, yen, and now Chinese yuan.
https://www.bloomberg.com/news/videos/b/85e29297-56a2-45a9-b825-b924b861067a
That is globalist code speak for the USDollar losing its petrodollar status as the global reserve currency. In its place will be the Special Drawing Right, an IMF currency consisting of a basket of dollars, euros, sterling, yen, and now Chinese yuan.
https://www.bloomberg.com/news/videos/b/85e29297-56a2-45a9-b825-b924b861067a
Labels:
Christine Lagarde,
Idea,
Insight
BIS warns of Great Depression dangers from credit spree
Some global elites DID give advanced warning prior to the 2008 financial crisis.
http://www.telegraph.co.uk/finance/economics/2811081/BIS-warns-of-Great-Depression-dangers-from-credit-spree.html
http://www.telegraph.co.uk/finance/economics/2811081/BIS-warns-of-Great-Depression-dangers-from-credit-spree.html
Labels:
BIS,
credit spree,
dangers,
Great Depression,
warns
Tim Harford's Gold Investment Folly
https://www.bullionvault.com/gold-news/tim-harford-gold-investment-012420133
" Sell economic ignorance; buy gold."
Labels:
Folly,
gold,
investment,
Tim Harford
Tuesday, May 30, 2017
Is This The Greatest Bitcoin Arbitrage Ever?
With GBTC trading at a 100% premium to the price of Bitcoin, the underlying asset it's supposed to track, the play is to short GBTC and buy Bitcoin. The only problem is it's next to impossible to short GBTC since there's no inventory available.
http://www.zerohedge.com/news/2017-05-30/greatest-bitcoin-arbitrage-ever
http://www.zerohedge.com/news/2017-05-30/greatest-bitcoin-arbitrage-ever
Sunday, May 28, 2017
We’ve Uncovered Patterns of Gold Price Manipulation: Rosa Abrantes-Metz
I agree with this interviewee that gold and silver markets are being illegally manipulated, like FOREX and the LIBOR, and that the precious metals sector is easier to manipulate as they are less liquid and smaller relative to other financial markets.
But what is disappointing is that she presumes regulators could somehow monitor and enforce markets better. Yes, they can certainly improve in those areas, but what she doesn't account for is that the government regulators are captured by the very banks they are supposed to regulate. In other words, instead of enforcing securities laws, the regulators are enabling the miscreant bankers.
Like the credit ratings agencies who were coerced by the banks into giving toxic securities a safe AAA rating, the regulators are not only complicit in the surreptitious capping of precious metals futures prices, they are part of the fraud.
https://smallcappower.com/videos/videos-top-stories/gold-price-manipulation/
But what is disappointing is that she presumes regulators could somehow monitor and enforce markets better. Yes, they can certainly improve in those areas, but what she doesn't account for is that the government regulators are captured by the very banks they are supposed to regulate. In other words, instead of enforcing securities laws, the regulators are enabling the miscreant bankers.
Like the credit ratings agencies who were coerced by the banks into giving toxic securities a safe AAA rating, the regulators are not only complicit in the surreptitious capping of precious metals futures prices, they are part of the fraud.
https://smallcappower.com/videos/videos-top-stories/gold-price-manipulation/
Labels:
gold price,
manipulation,
Patterns,
Rosa Abrantes-Metz,
Uncovered
Friday, May 26, 2017
Shari’ah-Compliant Crypto Gold: Could Islam Be Preparing for a New World Reserve Currency?
The world of fiat, crypto- and hard currencies is becoming increasingly surreal. What is money? And what is sound money? The answers to these fundamental questions are becoming esoteric.
There is also an underlying sinister theme to these questions. Hussein was reportedly killed due to his preference for receiving oil payments in Euros in lieu of the dollar. Gaddaffi met the safe fate because he wanted to create a gold-backed dinar for African countries. In other words, sovereign leaders were being eliminated for suggesting an alternative to the petrodollar, the global reserve currency.
This inevitable shift away from dollar hegemony appears to be accelerating, with China and Russia leading from the front.
http://www.hardassetsalliance.com/our-blog/shariah-compliant-crypto-gold-could-islam-be-preparing-for-a-new-world-1#
There is also an underlying sinister theme to these questions. Hussein was reportedly killed due to his preference for receiving oil payments in Euros in lieu of the dollar. Gaddaffi met the safe fate because he wanted to create a gold-backed dinar for African countries. In other words, sovereign leaders were being eliminated for suggesting an alternative to the petrodollar, the global reserve currency.
This inevitable shift away from dollar hegemony appears to be accelerating, with China and Russia leading from the front.
http://www.hardassetsalliance.com/our-blog/shariah-compliant-crypto-gold-could-islam-be-preparing-for-a-new-world-1#
Labels:
Crypto Gold,
Islam,
New World,
preparing,
reserve currency,
Shari’ah
Wednesday, May 24, 2017
Tuesday, May 23, 2017
Sunday, May 21, 2017
Saturday, May 20, 2017
HKEX Announces Plan for Physically Settled CNH and US$ Gold Futures
This is a game-changer. Similar to the Shanghai Gold Exchange, HKEX is creating a platform for which physical gold can be traded in CNH (offshore Chinese Renminbi) and US$ (US Dollar). This will create an arbitrage opportunity for the lower-priced paper gold COMEX futures contracts and the higher premiums for physical gold in the Far East. This will eventually doom the COMEX and the London gold cartel, which deals mostly with virtual (i.e. fake), paper gold.
And unlike the SGE, which can only be traded in mainland China, the HKEX exchange will enable global investors to participate.
http://www.hkex.com.hk/eng/newsconsul/hkexnews/2017/1705052news.htm
And unlike the SGE, which can only be traded in mainland China, the HKEX exchange will enable global investors to participate.
http://www.hkex.com.hk/eng/newsconsul/hkexnews/2017/1705052news.htm
Labels:
and US$,
CNH,
gold futures,
HKEX,
Physically,
Settled
New York Fed Buys Building Housing Plunge Protection Team
An oldie but goodie on the Plunge Protection Team.
http://www.zerohedge.com/news/new-york-fed-buys-building-housing-plunge-protection-team
http://www.zerohedge.com/news/new-york-fed-buys-building-housing-plunge-protection-team
Labels:
building,
Buys,
housing,
New York Fed,
Plunge Protection Team
Wednesday, May 17, 2017
Monday, May 15, 2017
Saturday, May 13, 2017
ALERT: Commercials Cover All-Time Record Number Of Silver Short Positions! Also Covering Gold Shorts!
Gold, and especially silver (since the silver market is much smaller, and therefore more easily manipulated surreptitiously by the miscreant bullion banks) have been hammered for the last 3 weeks. This has been obviously explained with the record number of (synthetic) short positions by the "commercials" created out of thin air (see fractional reserve banking, and paper vs. physical leverage or rehypothecation), thereby spooking the speculative longs (hedge funds) out of their money-losing positions. The so-called "smart money" ("hedgies") are being consistently stopped out of their trades, and certainly aren't living up to their namesake.
In any case, those massive short positions have now been covered by the commercials in another episode of a "wash and rinse" cycle. This bodes well for a recovery in silver (and gold) prices, even if the speculative longs are being carried out in a body bag. I apologize for the many parenthetical sentences, but I put the burden on the readers to perform their own due diligence. If you don't understand something which may be important, take ownership and research it.
In a nutshell, ignore the noise of the constantly fluctuating published (paper) prices of gold and silver. They are being driven by an artificially suppressed market of non-existent (virtual) inventory. Just buy physical precious metals when price dips present themselves and consider them gifts at firesale liquidation prices. Stop trying to trade (and time the markets). Trying to outsmart manipulated markets is a futile exercise. You're overthinking it. Buy the f***ing dips (BTFD) and forget about it. You will thank yourself later if (and when) the $hit hits the fan. Because the world is one big unicorn, right?
http://kingworldnews.com/commercials-covering-all-time-record-number-of-silver-short-positions/
In any case, those massive short positions have now been covered by the commercials in another episode of a "wash and rinse" cycle. This bodes well for a recovery in silver (and gold) prices, even if the speculative longs are being carried out in a body bag. I apologize for the many parenthetical sentences, but I put the burden on the readers to perform their own due diligence. If you don't understand something which may be important, take ownership and research it.
In a nutshell, ignore the noise of the constantly fluctuating published (paper) prices of gold and silver. They are being driven by an artificially suppressed market of non-existent (virtual) inventory. Just buy physical precious metals when price dips present themselves and consider them gifts at firesale liquidation prices. Stop trying to trade (and time the markets). Trying to outsmart manipulated markets is a futile exercise. You're overthinking it. Buy the f***ing dips (BTFD) and forget about it. You will thank yourself later if (and when) the $hit hits the fan. Because the world is one big unicorn, right?
http://kingworldnews.com/commercials-covering-all-time-record-number-of-silver-short-positions/
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