Sunday, 21 September 2014

Ukraine Admits Resurgent Separatists Extend Control All The Way To Sea Of Azov

The Ukraine "ceasefire" may be raging, but don't tell that to the "rebel", "separatists", "pro-Russian terrorists" or whatever it is that the ethnic Russians in east Ukraine are called nowadays, because a few short hours ago even Kiev finally admitted that the insurgency, with or without Russian backing, has finally hit the beach of the Azov Sea, which implicitly means that the only thing that is prevent the formation of a land connection from Russia to Crimea is the city of Mariupol, which as Ukraine reported overnight, it is now massing heavy weapons for what may be the most critical fight of the entire Ukraine civil war to date.

- Source, Zero Hedge

Friday, 19 September 2014

George Soros Warns "This Is The Worst Possible Time" For Scottish Independence

"This is the worst possible time for Britain to consider leaving the EU – or for Scotland to break with Britain. The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer union based on shared values and ideals. Those shared values are under attack on multiple fronts. Russia’s undeclared war against Ukraine is perhaps the most immediate example but it is by no means the only one. Resurgent nationalism and illiberal democracy are on the rise within Europe, at its borders and around the globe."

- Source, Zero Hedge

Wednesday, 17 September 2014

Reason # 3 The Silver Noose is Tightening: A Perfect Storm for Mining

A Perfect Storm for Mining

While it may seem to some that mines might be able to continue producing the amount of silver they’ve been accustomed to producing well into the future, the truth is that these mines, especially primary silver mines, are starting to hit the silver wall of reality.


With the costs of petroleum and diesel soaring, ore grades plunging, and the price for their product free-falling, there’s a perfect, catastrophic storm brewing in the mining sector.
The banksters’ precious silver supply, despite all their efforts, is stagnant, and actually decreasing. They’re moving heaven (and twice as much earth) just to sustain this inadequate supply just.a.little.bit.longer.

The moment the metal stops, or even slows its flow in any reasonable quantity, is the moment the scheme comes crashing down. That’s a problem too, because the evidence is mounting that we are headed into a “peak silver” scenario.

It gets worse for our bankster friends massively short silver, much worse…

- Source, The Wealth Watchman, via The Silver Doctors

Monday, 15 September 2014

Reason # 2 The Silver Noose is Tightening

Humanity is returning to its long-lost silver roots: fiat currencies, both of the United States, and the world governments at large, have been compromised. They have long ceased to be a reliable stores of wealth, or an asset unto themselves. Fiat currencies are simply paper scrip, denoting the debt of a system of large, private banks. Whereas, silver has been money for thousands of years.

Everywhere you look, the trend is the same: people are awakening to the state of the world’s financial health, and are swapping their currencies for silver and gold. This goes counter to the interests and desires of these banks, who wish to keep their privilege of being the sole creators of these units of debt that people mistake for “money”. 

Silver is a direct threat to their debt/currency system, which is why they rig its price on a constant, perennial basis.
The problem is that their market rigging has created a world in which silver is just too cheap. Way too cheap.


Saturday, 13 September 2014

PM Fund Manager: The Bottom is In!

I think the best indicator that we are at a bottom is the attacks I have been getting via email, comments that I can’t post because they are so insanely idiotic and even on twitter. Frankly, given the degree of manipulation by the Fed-sanctioned banks and the anti-gold bias of the financial media, I am stunned that anyone would expect that my “bottom” call would be perfect to the day. Here’s an example of completely fraudulent propaganda coming directly from Wall Street. This was an email received by Dennis Gartman yesterday that he published in his daily newsletter today:

Interestingly we got an e-mail yesterday from an individual noting that he had been told by his brokerage firm that it was illegal to own gold in non-US dollar terms. This is nonsense; of course one can own gold in non-US dollar terms… otherwise the NYSE would be trading our ETFs… GYEN; GEUR, GGLD and GLDE illegally, or the CME would be illegally allowing us to be long of gold/short of the EUR, or the Yen or Sterling or any combination therefore. We are stunned by the nonsense that is sometimes so prevalent in the markets.”

THAT is what anyone who is trying time the precious metals market is up against. What’s ironic is that, when I ask any of the morons ridiculing me on my views to show me their market view/analysis, I get crickets in response.

I am standing by my call that we are at, or at least forming, a bottom in this vicious manipulated attack on the precious metals. I had taken some profits on some trading positions in my fund two weeks ago to raise some cash, knowing the end of August is one of the most manipulated times of the year, and I have been putting it back to work into every single stock for which I have posted research reports. Yesterday AND Friday.

Patience is the key because eventually manipulated markets – throughout all of history – end badly for the manipulators. George Soros has bet at least $2 billion on put options that the S&P 500 will experience a significant. Do you think he’s losing sleep on that bet? No, based on his history of betting against Government manipulation, I would bet good money that he added to his short bets over the past couple of weeks.

- Source, Dave Kranzler via the Silver Doctors

Thursday, 11 September 2014

Reason #1 The Silver Noose is Tightening

Time is running out for the banksters, not in spite of silver prices continuing to crater, but because of it!

There are just too many signs flashing from all directions, that the supply needed to run this massive con are not enough. There’s simply not enough silver available at sub-$20, to keep delivering to everyone in the world who wants it.

And who wants it? Everyone and their grandmother, that’s who!
This is particularly true in the realm of industrial usage, like the world’s newest crush: solar energy.

- Read More at The Wealth Watchmen

Thursday, 21 August 2014

David Stockman - The Collapse Of The American Imperium


David Stockman, former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier is an insider's insider. Few people understand the ways in which Washington DC, The Fed, and Wall Street work and intersect better than he does.

He's extremely concerned by the "perfect storm" he sees of concurrent failures in US policy across foreign, monetary, economic, and fiscal fronts.

- Source, Peak Prosperity

Monday, 18 August 2014

U.S. Housing Prices Now In A Decline

By Michael Lombardi, MBA for Profit Confidential


The S&P Case-Shiller 20-City Home Price Index, a measure of the Housing Market in key American cities, declined in May by 0.31% from April—the first monthly decline in home prices in 27 months. (Source: Federal Reserve Bank of St. Louis web site, last accessed July 30, 2014.)

The number of homes being built in the U.S. is also falling. In June, the annual rate of new homes being built in the U.S. housing market declined 9.3% from May to the lowest level in eight months. (Source: U.S. Census Bureau, July 17, 2014.)

And pending home sales in the U.S. housing market declined in the month of June by 1.1% from the previous month. Pending home sales now sit 7.3% lower than they were in June of 2013. (Source: National Association of Realtors, July 28, 2014.) Pending home sales are considered to be a leading indicator of the housing market.

As no surprise, companies directly related to the housing market are struggling. The chart below of the U.S. Housing Index tracks the stock prices of companies involved in construction, mortgages, and home-building materials.



Chart courtesy of Www.StockCharts.Com

Dear reader, please let me set the record straight: I don’t expect to see an outright collapse in home prices like we saw in 2007. What I am pointing out to you today is that the momentum we saw in the U.S. housing market in 2012 and 2013 is dissipating.

This observation is consistent with my view that the U.S. economy is stalling here in 2014. Even the stock market, a leading indicator, by turning negative for 2014, is warning us of trouble ahead.

Saturday, 16 August 2014

China’s Debt Soars To 250% Of GDP



But many analysts remain concerned about China's growing level of credit and the risks it poses to the country's economic health.

"People have been ignoring a lot of risks out of China; look at the property market, look at how fast bad debts have been showing up in the financial system," said David Cui, head of China equities at Bank of AmericaMerrill Lynch.

"Things have got so bad – it will probably take a financial crisis to cleanse the bad stuff out of the system – for the government to write off debt, to let banks raise more equity... and also severely reduce overcapacity," he added.

Earlier this year China experienced its first corporate credit default in 17 years sparking fears the incident could prompt a domino effect.

"I think there will be an avalanche of defaults coming out of the system. This is only the beginning," said Cui.

"The key issue is excessive capacity and overleverage when you combine these two factors it makes defaults almost inevitable," he added.

China's state auditor said in late December that local governments had outstanding debts of $3 trillion as of the end of June 2013, up 67 percent from the last audit in 2011.

Meanwhile country's corporate debt hit a record $12 trillion at the end of last year, Standard & Poor's estimated, equivalent to 120 percent of GDP.

China's debt to GDP level is still lower than other major world economies, however.

The U.S. had a total debt-to-GDP ratio of about 260 per cent by the end of last year, while the U.K.'s ratio was at 277 per cent. Japan topped the world table at 415 per cent, according to Standard Chartered.

Thursday, 14 August 2014

Rick Rule - This Gold Sell Off Is A Normal Event In This Market

“What Janet Yellen said was that the recovery was tepid at best – if we have a recovery at all. The political narrative dictates that low interest rates are needed in order to help the economy.

“My own belief is that interest rates will remain low in the next 18 months or 2 years, but for a different set of reasons. There isn’t much private demand for loans, even at this low interest rate. But there is an implicit transfer of wealth from savers, who benefit from higher interest rates, to spenders. It’s the spenders who are more numerous, which means that the government will look out for the spenders at the expense of the savers.

“Secondly, the extraordinary levels of Federal, State, and local debts would be difficult to service at higher interest rates. As a result, I think that the Fed will continue to do whatever it can in order to keep interest rates constrained for as long as possible. As long as the demand for debt from the private sector remains low – in other words, until the economy recovers -- I believe you will see artificially low interest rates.”

- Source, Rick Rule

Tuesday, 12 August 2014

Silver - The Element Of Change


The Silver Institute released a new video entitled, "Silver: The Element of Change." The video covers numerous facets of one of the most widely-used and indispensable precious metals: silver. The video explores silver's role in history and how it changed the course of countless lives in times of the Greek and Roman Empires, when it was used to prevent infection.

Focusing on its remarkable properties as an element of change, the video looks at silver's role in industry, highlighting its ability to make today's mobile interconnected life possible as well as its use in medicine and water purification, which relies primarily on its natural antibacterial qualities. The video also notes silver's importance to fashion through exquisite silver jewelry, and finally it speaks to silver's intrinsic worth as well as its role as a store of value, given its historical and modern use as a popular investment.

Sunday, 10 August 2014

Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar

Over the past 6 months, there has been much talk about the strategic proximity between Russia and China, made even more proximal following the "holy grail" gas deal announced in May which would not have happened on such an accelerated time frame had it not been for US escalation in Ukraine. And yet little has been said about that other just as crucial for the "new BRIC-centric world order" relationship, that between Russia and India. That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.

- Source, Zero Hedge, read more here.

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