Which precious-metal hungry nation's government has declared a war on cash &
- Source
Monday 27 February 2017
Jeff Clark - Silver Demand Facing a Seismic Shift
Which precious-metal hungry nation's government has declared a war on cash &
Friday 24 February 2017
Einhorn Shorts Sovereigns, Affirms Gold on Trump Uncertainty
Hedge fund manager David Einhorn is betting on declines in government debt and a rebound in gold to guard against the risk of inflation under President Donald Trump.
“We made several changes to the macro portfolio in response to the election,” Einhorn said Thursday in a conference call discussing results for Greenlight Capital Re Ltd., the Cayman Islands-based reinsurer where he is chairman. “It was various long positions in sovereign fixed income that we eliminated. We added some additional shorts in sovereign fixed income, and we added to our long equity exposure.” He didn’t specify which nations’ debt he was betting against.
Einhorn is seeking to extend a rally in the investment portfolio of Greenlight Re, which said late Wednesday that it posted back-to-back quarterly profit for the first time since 2013. The portfolio was helped in the last three months of 2016 by bets on General Motors Co. and Japanese bank Resona Holdings Inc., while gold was a weak spot.
Still, “our long-term outlook remains bullish,” for the metal, Einhorn said. “The new administration comes with a high degree of uncertainty, and its policy initiatives appear to be focused on stimulating growth and, with it, inflation.”
General Motors shares jumped almost 10 percent in the fourth quarter and rallied further this year. He said the stock is still undervalued, citing misplaced concerns about the eventual shift to driverless cars.
The stock will continue to climb, “especially if employment strengthens and translates into higher wages,” he said.
Einhorn said the reinsurer’s investment portfolio slipped by about half a percent in January. Greenlight Re climbed 5 cents to $23.35 at 4 p.m. in New York, extending its advance to 2.4 percent since Dec. 31.
The company is seeking to improve insurance underwriting results and is looking for a new chief executive officer after saying in December that Bart Hedges will step down this year.
“We made several changes to the macro portfolio in response to the election,” Einhorn said Thursday in a conference call discussing results for Greenlight Capital Re Ltd., the Cayman Islands-based reinsurer where he is chairman. “It was various long positions in sovereign fixed income that we eliminated. We added some additional shorts in sovereign fixed income, and we added to our long equity exposure.” He didn’t specify which nations’ debt he was betting against.
Einhorn is seeking to extend a rally in the investment portfolio of Greenlight Re, which said late Wednesday that it posted back-to-back quarterly profit for the first time since 2013. The portfolio was helped in the last three months of 2016 by bets on General Motors Co. and Japanese bank Resona Holdings Inc., while gold was a weak spot.
Still, “our long-term outlook remains bullish,” for the metal, Einhorn said. “The new administration comes with a high degree of uncertainty, and its policy initiatives appear to be focused on stimulating growth and, with it, inflation.”
General Motors shares jumped almost 10 percent in the fourth quarter and rallied further this year. He said the stock is still undervalued, citing misplaced concerns about the eventual shift to driverless cars.
The stock will continue to climb, “especially if employment strengthens and translates into higher wages,” he said.
Einhorn said the reinsurer’s investment portfolio slipped by about half a percent in January. Greenlight Re climbed 5 cents to $23.35 at 4 p.m. in New York, extending its advance to 2.4 percent since Dec. 31.
The company is seeking to improve insurance underwriting results and is looking for a new chief executive officer after saying in December that Bart Hedges will step down this year.
- Source, Bloomberg
Tuesday 14 February 2017
THIS Is Why The Elite HATE Trump So Much
Have you ever wondered why the elite hate Donald Trump so much?
There have certainly been many politicians throughout the years that have been disliked, but with Trump there is a hatred that is so intense that it almost seems tangible at times. During the campaign, they went to extraordinary lengths to destroy him, but it didn’t work. And now that he is president, the attacks against him have been absolutely relentless. So why is there so much animosity toward Trump? Is it just because he is not a member of their club?
The truth, of course, is that it runs much deeper than that. Ultimately, the elite hate Trump because he is opposed to their demonic one world agenda. Many among the elite are referred to as “globalists” because their eventual goal is to unite the whole world under a single planetary system. These globalists truly believe that they know better than all the rest of us, and they want to impose their way of doing things on every man, woman and child on the entire planet.
So they get really angry when Donald Trump talks of “building a wall” or establishing a travel ban from certain countries because they eventually want a world without any borders at all.
And they get really angry when Donald Trump says that he wants to pull the United States out of international trade deals, because the elite were using those international trade deals to slowly integrate all nations into a single one world economy.
And they really don’t like when Donald Trump criticizes Islam, because Islam is going to be a key component of the one world religion that they plan to establish.
For quite a while the globalists were on a roll, but recently they have experienced some tremendous setbacks. Britain’s vote to leave the EU and the election of Donald Trump were not supposed to happen, and this has left many globalists searching for answers. In fact, just today I came across a New York Times article entitled “Besieged Globalists Ponder What Went Wrong“…
Until recently, you didn’t hear people being referred to as “globalist” very often. But in a time of rising nationalism, those who see the upside of globalism have become a distinct — and often embattled — tribe.
Last week, the globalists had a big family reunion in New York. The gathering was focused on the United Nations General Assembly, but a growing array of side conferences and summits and dinners also attracted concerned internationalists of every stripe: humanitarians, leaders of nongovernmental organizations, donors, investors, app peddlers, celebrities.
As you can see, even the New York Times uses the term “globalists” to describe these elitists.
At one time you would have been considered a “conspiracy theorist” is you spoke of “globalists”, but at this point the elite are not even trying to put up a facade any longer.
And of course Donald Trump made opposition to globalism one of the central themes of his campaign, and it really struck a chord all across America. As Dr. Jim Garlow noted in an article that went viral just before the election, Trump’s opposition to globalism was one of the key things that set him apart from Hillary Clinton…
Trump opposes globalism. Hillary thrives on it. Globalism is far more than “geographical” or “eliminating national borders and boundaries.” It is spiritual and demonic at its core.Few—very few—understand this. This is quite likely one of the main reasons why Trump is hated. Do your homework on this one. Think “principalities and powers.” Serious. Extremely serious.
The reason why the threat of globalism is so serious is because if a single global system is ever established there will be no escape from it.
Just think about it – where could you go to escape a government that literally rules the entire world?
These globalists are completely convinced that if they could just get control of everyone and everything that they could establish some sort of environmentally-friendly socialist utopia where war and poverty are eradicated. But in order to do that, they would need to be in a position to micro-manage the lives of every single person on the planet.
In their minds it would not be tyranny, but for those of us that love freedom that is precisely what it would be.
There have certainly been many politicians throughout the years that have been disliked, but with Trump there is a hatred that is so intense that it almost seems tangible at times. During the campaign, they went to extraordinary lengths to destroy him, but it didn’t work. And now that he is president, the attacks against him have been absolutely relentless. So why is there so much animosity toward Trump? Is it just because he is not a member of their club?
The truth, of course, is that it runs much deeper than that. Ultimately, the elite hate Trump because he is opposed to their demonic one world agenda. Many among the elite are referred to as “globalists” because their eventual goal is to unite the whole world under a single planetary system. These globalists truly believe that they know better than all the rest of us, and they want to impose their way of doing things on every man, woman and child on the entire planet.
So they get really angry when Donald Trump talks of “building a wall” or establishing a travel ban from certain countries because they eventually want a world without any borders at all.
And they get really angry when Donald Trump says that he wants to pull the United States out of international trade deals, because the elite were using those international trade deals to slowly integrate all nations into a single one world economy.
And they really don’t like when Donald Trump criticizes Islam, because Islam is going to be a key component of the one world religion that they plan to establish.
For quite a while the globalists were on a roll, but recently they have experienced some tremendous setbacks. Britain’s vote to leave the EU and the election of Donald Trump were not supposed to happen, and this has left many globalists searching for answers. In fact, just today I came across a New York Times article entitled “Besieged Globalists Ponder What Went Wrong“…
Until recently, you didn’t hear people being referred to as “globalist” very often. But in a time of rising nationalism, those who see the upside of globalism have become a distinct — and often embattled — tribe.
Last week, the globalists had a big family reunion in New York. The gathering was focused on the United Nations General Assembly, but a growing array of side conferences and summits and dinners also attracted concerned internationalists of every stripe: humanitarians, leaders of nongovernmental organizations, donors, investors, app peddlers, celebrities.
As you can see, even the New York Times uses the term “globalists” to describe these elitists.
At one time you would have been considered a “conspiracy theorist” is you spoke of “globalists”, but at this point the elite are not even trying to put up a facade any longer.
And of course Donald Trump made opposition to globalism one of the central themes of his campaign, and it really struck a chord all across America. As Dr. Jim Garlow noted in an article that went viral just before the election, Trump’s opposition to globalism was one of the key things that set him apart from Hillary Clinton…
Trump opposes globalism. Hillary thrives on it. Globalism is far more than “geographical” or “eliminating national borders and boundaries.” It is spiritual and demonic at its core.Few—very few—understand this. This is quite likely one of the main reasons why Trump is hated. Do your homework on this one. Think “principalities and powers.” Serious. Extremely serious.
The reason why the threat of globalism is so serious is because if a single global system is ever established there will be no escape from it.
Just think about it – where could you go to escape a government that literally rules the entire world?
These globalists are completely convinced that if they could just get control of everyone and everything that they could establish some sort of environmentally-friendly socialist utopia where war and poverty are eradicated. But in order to do that, they would need to be in a position to micro-manage the lives of every single person on the planet.
In their minds it would not be tyranny, but for those of us that love freedom that is precisely what it would be.
- Source
Friday 10 February 2017
London Analyst Issues Dire Warning: Trump Could Trigger A Great Depression
Since the beginning of the year, gold and silver have been some of the best-performing assets. London Analyst Alasdair MacLeod joins SD to discuss the recent price action in the precious metals markets. MacLeod sees inflation to be the story in 2017, which means higher prices for gold and silver.
MacLeod says Trump is missing the fundamental reason behind trade imbalances. The solution to trade imbalances is sound money.
Macleod Warns If Trump fails to learn this, he will lead America into a repeat of the Great Depression…
- Source, Silver Doctors
Tuesday 7 February 2017
Shock Poll Shows Merkel Losing Chancellorship If Elections Held Today; JPMorgan Stunned
Overnight we reported that Germany's default swaps spiked to the highest level since Brexit as a recent poll showed that Merkel's lead in the polls had slid to multi-year lows ahead of Germany's elections later in the year, provoking some concerns that a formerly unthinkable "tail risk" outcome was becoming more likely.
However, according to new data unveiled today, Merkel's headaches are only just starting, because in a brand new poll released this afternoon, the CDU would get 30% of the vote, while the suddenly resurgent SPD would get 31%. This means that the SPD's new head, Martin Schulz, would enter any coalition talks as the leader of the largest party, hence becoming Chancellor, leading to a stunned reaction by JPMorgan.
In a note released this afternoon by JPM's Greg Fuzesi, thestrategist writes
Nevertheless, opinion pollswere beginning
This afternoon, a new opinion poll from INSA showed the SPD gaining further support and overtaking the CDU/CSU for the first time in many years. If elections were held now, the INSA poll suggests that the CDU would get 30% of the vote, while the SPD would get 31%. This means that Schulz would enter any coalition talks as the leader of the largest party, hence becoming Chancellor.
It also means thata pts
Given that Schulz is relatively new to German politics, a novelty factor may be partly responsible for the jump in the polls. It is far too early to say whether this will endure, given that the election campaign has yet to properly begin. It will also be important to see whether other polls replicate the swing. The SPD has gained support in all recent polls, but these are all a week or more old and do not show the latest jump in the INSA poll. That said, there is no reason to dismiss the INSA poll. It is the newest organization and the only one to be done entirely online, but it (arguably) performed only marginally worse than other polls at the last Bundestag election.
A Schulz-led SPD-Green-Left coalition or a Schulz-led grand coalition would certainly be a huge event in German politics. Such possibilities no longer look like tail risks.A SPD-Green-Left coalition would bias German policymaking towards greater fiscal expenditure and investment, and center-left policies. But, even such a coalition would not mark a dramatic break with the past in many areas and would, we expect, continue Germany’s strong support of the EU and single currency .
In short, "Chancellor Schulz" may be just what Brussels, and to a lesser extent President Trump, ordered.
In a note released this afternoon by JPM's Greg Fuzesi, the
Nevertheless, opinion polls
This afternoon, a new opinion poll from INSA showed the SPD gaining further support and overtaking the CDU/CSU for the first time in many years. If elections were held now, the INSA poll suggests that the CDU would get 30% of the vote, while the SPD would get 31%. This means that Schulz would enter any coalition talks as the leader of the largest party, hence becoming Chancellor.
It also means that
Given that Schulz is relatively new to German politics, a novelty factor may be partly responsible for the jump in the polls. It is far too early to say whether this will endure, given that the election campaign has yet to properly begin. It will also be important to see whether other polls replicate the swing. The SPD has gained support in all recent polls, but these are all a week or more old and do not show the latest jump in the INSA poll. That said, there is no reason to dismiss the INSA poll. It is the newest organization and the only one to be done entirely online, but it (arguably) performed only marginally worse than other polls at the last Bundestag election.
A Schulz-led SPD-Green-Left coalition or a Schulz-led grand coalition would certainly be a huge event in German politics. Such possibilities no longer look like tail risks.
In short, "Chancellor Schulz" may be just what Brussels, and to a lesser extent President Trump, ordered.
- Source, Zero Hedge
Friday 3 February 2017
How Will Trump’s Border Tax Affect the Price of Silver?
You know, I don’t think it really would have much impact on very much. I mean, look, Mexico is having some challenges right now for sure, you know, with energy prices so low. The revenue is going into…the government Treasuries are lower than it is or it has been historically. So, you know, they have gone after the mining sector, you know, we know that. I think everyone listening to this knows that the tax was brought into place back in 2014.
We’re paying that tax. It’s just basically normal course. If you compare it to other countries around the world, Mexico is about in the middle when it comes to taxation industry.
So it’s a relatively low-cost country to be active in as a company. You know, with the peso the way it is, labor is extremely cheap. The peso is around 23 to 1, which is, you know, pretty good for us as our revenue is in U.S. dollars and 75% of our costs are in pesos. And the peso was about 12 to 1 just two years ago.
It’s now 24 to 1 or 23 to 1. So it’s made a huge difference for us. So, you know, I’m not expecting much change in Mexico as a result of Trump coming in at all.
- Source
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