- Stephen Leeb via a recent King World News interview, read the full interview here:
Tuesday, 21 August 2012
Silver is a Gift Right Now at $29
"So silver has two drivers going forward. One is the monetary aspect because silver is money. But the other is the industrial component, and the demand for silver to cultivate energy is going to skyrocket. Later on, people will not believe you could buy silver in the $20s. It’s a gift right now at $29."
Friday, 17 August 2012
COMEX Silver Inventories Have Peaked, Now Declining
"I don’t think it’s coincidental that the low of $26.07 in silver was set the very same week we saw the peak in COMEX inventories.
Now silver inventories have declined and silver starts to look a little more technically positive. Twice now the silver bears have failed to follow through on the downside.
Something important to keep in mind as well, the area around which we’ve created this triple-low in silver, is right in line with the 50% retracement of the entire bull move from 2001 to the $50 high. A move now above $29 would be bullish from a technical perspective, and that’s something we’re looking for.
After $29, the next major resistance for silver is $37.50. This is a situation where silver has a pretty decent upside move in front of it once $29 falls.”
Now silver inventories have declined and silver starts to look a little more technically positive. Twice now the silver bears have failed to follow through on the downside.
Something important to keep in mind as well, the area around which we’ve created this triple-low in silver, is right in line with the 50% retracement of the entire bull move from 2001 to the $50 high. A move now above $29 would be bullish from a technical perspective, and that’s something we’re looking for.
After $29, the next major resistance for silver is $37.50. This is a situation where silver has a pretty decent upside move in front of it once $29 falls.”
- Greg Weldon via a recent King World News interview, read the full interview here:
Tuesday, 14 August 2012
Jim Sinclair: The System is Broken
"The system is broken.
The system is guaranteed to the hilt.
The result of making good on these guarantees would be the maximum prediction for the gold price amongst sane commentators and the lowest level possible for the dollar.
A Federal guarantee to infinity would demand QE to Infinity in order to function."
- Jim Sinclair of JSMineset:
http://www.jsmineset.com/2012/08/12/in-the-news-today-1275/
The system is guaranteed to the hilt.
The result of making good on these guarantees would be the maximum prediction for the gold price amongst sane commentators and the lowest level possible for the dollar.
A Federal guarantee to infinity would demand QE to Infinity in order to function."
- Jim Sinclair of JSMineset:
http://www.jsmineset.com/2012/08/12/in-the-news-today-1275/
Sunday, 12 August 2012
Soon to Join the SLA with a New Vault Service Sprott, Turk and Maloney
"Silver (and Gold) soldiers of the SLA… We are in the home stretch of launching a new bullion vaulting service ($500,000 min.) that will – along with Sprott, Turk and Maloney – put additional pressure on the banksters – by taking hundreds of millions worth of physical off the market. Even if you can’t participate at the $500,000 level, the new buyer in the space will put additional pressure on already tight supplies. So far, over the past 10 years, the fight against the banksters – by buying physical silver and gold – has run according to the script I wrote for this ten years ago (with prices of both Silver and Gold (and oil) capturing prizes as top performing assets for the past decade). Now it’s time to deliver Maxwell’s Silver Hammer blow!"
- Source: Max Keiser, via Maxkeiser.com
Thursday, 9 August 2012
Dying for Work Protest
These two images were seen in Vegas this morning:
First image appears to be a man hanging from a billboard that says "Dying for work".
First image appears to be a man hanging from a billboard that says "Dying for work".
Second image clears up the confusion and makes it clear to people what the message of this protest is "Hope you're happy Wall St.".
Upon closer inspection you can clearly see these are only dummies. None the less I am sure this made a bold impact to those who seen it today and the message got across.
Image Source:
Sunday, 5 August 2012
QE 3 in September?
"U.S. jobs data showed that the nonfarm payroll report for July produced 163k jobs. That sounds alright at first glance, however, the Household Survey conflicted with the Establishment Survey, in that it concluded 195k net individuals actually lost their jobs last month; and that the unemployment rate ticked higher to 8.3%.
Americans continue to leave the workforce—150k left last month—while our unemployment rate has now been above 8% for the last 41 months. That stubbornly high and rising unemployment rate will likely cause Mr. Bernanke to announce QE III in September...."
Americans continue to leave the workforce—150k left last month—while our unemployment rate has now been above 8% for the last 41 months. That stubbornly high and rising unemployment rate will likely cause Mr. Bernanke to announce QE III in September...."
- Michael Pento, via a recent King World News interview, read the full interview here:
Friday, 3 August 2012
The Inevitable Inflation
“I am telling my clients, I am gearing them towards the inevitable inflation. But I think it’s silly to go ‘all-in’ right now. We have significant holdings in precious metals and we have written covered calls against that strategy. Then, we are ready to go all-in once we have a firm commitment on the part of these two central bankers to massively monetize the debt.”
- Michael Pento via a recent King World News article, read the full article here:
Tuesday, 31 July 2012
Greece is OUT of Money Again!
While we are not certain how many times we have used the above headline in the past we know it is not the first time. Nor the fifth. Yet here we are again, reporting that Greece is out of money again. "Near-bankrupt Greece is fast running out of cash while it waits for its next installment of aid from international lenders, a deputy finance minister said on Tuesday, sounding the alarm on the country's precarious financial position. Greece's European partners have repeatedly promised the country will be funded through August, when it must repay a 3.2 billion euro bond, but the details of the funding have yet to be disclosed. In the absence of that money, Greece would run out of funds to pay everyday public expenses ranging from police and other public service wages to pensions and social benefits. "Cash reserves are almost zero. It is risky to say until when (they will last) as it always depends on the budget execution, revenues and expenditure," Deputy Finance Minister Christos Staikouras told state NET television" In other words just like the US yesterday, Greece has also overestimated its revenues and underestimated its expenditures; also Greece in August is what the US itself will be in about 3-4 months, when the debt ceiling is hit. Luckily, the political environment in D.C. is open and cordial, and a prompt resolution to both the debt ceiling issue and the fiscal cliff, especially as they all coincide just in time for the presidential election is guaranteed.
- Read the full story at ZeroHedge, here:
Thursday, 26 July 2012
Peter Schiff - Gold Has Broken Out, We Are Looking at a Retest of All Time Highs
"Gold has now broken out of a channel. There was a very nice trendline and we just broke out of that today. Now that we have broken out of that channel, there is a lot of room to the upside. The next channel for resistance appears to be another $100 higher than current levels for gold.
If gold breaks above the $1,650 level with conviction, then I think we are looking at retest of the all-time highs from late summer of 2011. And nobody is really anticipating that because these gold stocks are priced for a collapse in the price of gold, not a return to the highs."
If gold breaks above the $1,650 level with conviction, then I think we are looking at retest of the all-time highs from late summer of 2011. And nobody is really anticipating that because these gold stocks are priced for a collapse in the price of gold, not a return to the highs."
- Peter Schiff via a recent King World News interview, read the full interview here:
Friday, 20 July 2012
The Gold and Silver is Not There
“As this scandal is brought to light, that the unallocated gold and silver are not there, and much of the allocated gold and silver is not at these banks either, and as you see these naked short positions unwound, the world will witness a massive price rise in in both gold and silver. The move in gold and silver, at that point, will literally frighten most people. They simply won’t understand what is happening."
- The London Trader, via King World News. Read the full interview here:
Thursday, 12 July 2012
Tuesday, 10 July 2012
$15 Trillion to be Released into the Money Supply
“So let me put it together for your listeners. We have $1.42 trillion of excess reserves. We are now going to be told that there will be no capital reserve requirements on owning sovereign debt. You will have commercial banks flooding the market with the purchase of sovereign debt. Not just US debt, Portuguese debt, Spanish debt, Greek debt, all of that debt will have zero capital requirements.”
“Let me be clear on this, I’m not saying it could increase M2 money supply to $15 trillion, this could increase it by $15 trillion. So we’re talking perhaps about $24 trillion. It has the potential to increase to rapidly increase the global money supply, and it would be a tremendous boost to commodities, oil and precious metals.
However, I would add that it will only vastly exacerbate the stagflationary environment that we see gripping the entire developed world...."
“Let me be clear on this, I’m not saying it could increase M2 money supply to $15 trillion, this could increase it by $15 trillion. So we’re talking perhaps about $24 trillion. It has the potential to increase to rapidly increase the global money supply, and it would be a tremendous boost to commodities, oil and precious metals.
However, I would add that it will only vastly exacerbate the stagflationary environment that we see gripping the entire developed world...."
- Michael Pento, via a recent King World News interview:
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