from Gains Pains & Capital:
The
following is an excerpt from a recent issue of Private Wealth Advisory.
In it, I explain why exactly Europe will Collapse completely in the
May-June period. The confluence of negative factors is unlike anything
I’ve ever seen before.
Starting back in August, I began suggesting that we were approaching a Systemic Crisis/ Crash scenario in the markets.
The technical and fundamentals both supported this forecast, but I completely underestimated the degree to which the Central Banks and EU would attempt to prop up the market.
At that time, I thought it likely we’d see a Crash, which would then be met with another round of stimulus, which would push the economy temporarily into the green. It seemed the most logical outcome given that we were heading into an election year with a President whose ratings were at record lows.
Instead, the Federal Reserve, particularly those Fed Presidents from Financial Centers (Charles Evans of Chicago and Bill Dudley of New York) began a coordinated campaign of verbal intervention, hinting that more easing or QE was just around the corner.
Read More @ GainsPainsCapital.com
The
following is an excerpt from a recent issue of Private Wealth Advisory.
In it, I explain why exactly Europe will Collapse completely in the
May-June period. The confluence of negative factors is unlike anything
I’ve ever seen before. Starting back in August, I began suggesting that we were approaching a Systemic Crisis/ Crash scenario in the markets.
The technical and fundamentals both supported this forecast, but I completely underestimated the degree to which the Central Banks and EU would attempt to prop up the market.
At that time, I thought it likely we’d see a Crash, which would then be met with another round of stimulus, which would push the economy temporarily into the green. It seemed the most logical outcome given that we were heading into an election year with a President whose ratings were at record lows.
Instead, the Federal Reserve, particularly those Fed Presidents from Financial Centers (Charles Evans of Chicago and Bill Dudley of New York) began a coordinated campaign of verbal intervention, hinting that more easing or QE was just around the corner.
Read More @ GainsPainsCapital.com
Today legendary Jim Sinclair’s chartist, Dan Norcini, told King World
News that fresh gold shorts suffered large losses in yesterday’s
trading. Norcini said massive bids came into the market as gold crossed
$1,640, volume spiked and the shorts were squeezed. Norcini stated the
buying which came into the market was intense, and caught many market
participants off guard. Here is how Norcini described the gold shorts
getting mauled: “The move in gold seemingly came out of nowhere
yesterday. Gold had been down earlier in the session when a huge bid
came into gold at the $1,640 level and that took out the shorts at
$1,645.”Michael Pento continues @ KingWorldNews.com
MUST READ: $8,250/oz. Silver and ONE BANK
by Bix Weir, Private Road, via Miles Franklin:
The silver markets are rigged. Every day. Every trade. Every option.
Every derivative. The silver markets have been rigged since the early
1970′s when Alan Greenspan introduced computer market trading systems to
the world beginning the long-term commodity market rigging operation.See Greenspan’s Golden Secret!
Since that time there has not been a day when the silver markets have been “freely traded”. Nobody, and I mean NOBODY, knows the true “Fair Market Value” of silver!
But like all price suppression schemes, the silver manipulation must come to an end and we are on the brink of that moment. The only remaining question should be “What is the true value of silver in terms of money?”
Read More @ MilesFranklin.com
from Dollar Vigilante:
The biggest story of the late 20th century was the collapse of the
Soviet Union. After decades of a government controlled, centrally
planned economy and outsized military expenditures the Soviet Union just
one day ceased to be. Fast forward a few decades and now the biggest
story about to happen in the early 21st century will be the collapse of
the US empire for the exact same reasons.
The US economy has been centrally planned and manipulated by the communist fashioned central bank, the Federal Reserve, for 99 years now. But it wasn’t until August 15, 1971 that the last linkage of gold from the US dollar was removed and the US Government and the Federal Reserve were allowed to truly run rampant with their anti-capitalist economic system.
Read More @ DollarVigilante.com
The biggest story of the late 20th century was the collapse of the
Soviet Union. After decades of a government controlled, centrally
planned economy and outsized military expenditures the Soviet Union just
one day ceased to be. Fast forward a few decades and now the biggest
story about to happen in the early 21st century will be the collapse of
the US empire for the exact same reasons.The US economy has been centrally planned and manipulated by the communist fashioned central bank, the Federal Reserve, for 99 years now. But it wasn’t until August 15, 1971 that the last linkage of gold from the US dollar was removed and the US Government and the Federal Reserve were allowed to truly run rampant with their anti-capitalist economic system.
Read More @ DollarVigilante.com
The "Net Worthless" Recovery Hits Peak Marxism
Back in June 2011, Zero Hedge first pointed out
something very troubling: the labor share of national income had
dropped to an all time low, just shy of 58%. This is quite an important
number as none other than the Fed noted few years previously that "The
allocation of national income between workers and the owners of
capital is considered one of the more remarkably stable relationships
in the U.S. economy. As a general rule of thumb, economists
often cite labor’s share of income to be about two-thirds of national
income—although the exact figure is sensitive to the specific data used
to calculate the ratio. Over time, this ratio has shown no clear
tendency to rise or fall." Yet like pretty much every other relationship
in the new normal, this rule of thumb got yanked out of the socket,
and the 66% rapidly became 58%. This troubling shift away from the mean
prompted David Rosenberg to say that "extremes like this,
unfortunately, never seem to lead us to a very stable place." Which is
why we are happy to note that as of last quarter, the labor share of
income has finally seen an uptick, and while certainly not back at its
old normal, has finally started to tick up, which leads us to ask: have we passed the moment of peak Marxism of this particular period in US history? The Anatomy Of A USD-Funding Crisis And The Fed's Global Swap-Line Bailout
The Fed's currency swap with the ECB is nothing more than a covert bailout for European banks. Philipp Bagus of Mises.com explains how the USD-funding crisis occurred among European banks inevitably leading to the Fed assuming the role of international lender of last resort - for which US taxpayers are told to be lucky happy since this free-lunch from printing USD and sending them overseas provides an almost risk-free benefit in the form of interest on the swap. Furthermore, the M.A.D. defense was also initiated that if this was not done, it would be far worse for US markets (and we assume implicitly the economy). The Fed's assurances on ending the bailout policy should it become imprudent or cost-benefits get misaligned seems like wishful thinking and as the EUR-USD basis swap starts to deteriorate once again, we wonder just how long before the Fed's assumed role of bailing out the financial industry and governments of the world by debasing the dollar will come home to roost. As Bagus concludes: "Fed officials claim to know that the bailout-swaps are basically a free lunch for US taxpayers and a prudent thing to do. Thank God the world is in such good hands." and perhaps more worryingly "The highest cost of the Fed policy, therefore, may be liberty in Europe" as the Euro project is enabled to play out to its increasingly centralized full fiscal union endgame.10 Year Treasury Prices Without Much Fanfare
The second bond auction of the week prices uneventfully, with the Treasury selling $21 billion of 10 Years at a yield of 2.043%, better than the 2.045% When Issued, and better than last month's 2.08%. Yet keep in mind that inbetween the March auction and today, the 10 year hit nearly 2.40%, so don't let the apparently stability give the impression that there is no volatility under the surface. Unlike the yield, the Bid To Cover dropped from last month's 3.24 to 3.08, which while week for recent auctions was just below the TTM average of 3.12. What is of note is that Dealers had to once again take down more than half the auction, or 50.5%, with the last time there was more than a 50% takedown being back in November 2011. Of the balance 11% went to Direct, and the remainder or 38.5% to Indirects. Overall, a quiet auction and now we just have tomorrow's $13 billion 30 Years to look forward to as total US debt approaches the $15.7 trillion milestone next on its way to the $16.3 trillion debt ceiling breach in 6 months. In the meantime enjoy fixed coupon bonds: for in one month, the FRN cometh.
by Bob Unruh, WND:
A federal appeals court has rejected claims by passengers and pilots
that the TSA invaded their privacy and violated their rights by
demanding pat-down inspections or full-body scans.In fact, the ruling reported today by The Rutherford Institute affirms a district court ruling from Judge Henry H. Kennedy Jr., who cited a “secret” order from the TSA as the reason he rejected the cases.
The government, insisting that the “secret” order contains “sensitive security information,” has refused to make public the document outlining the procedures, according to John Whitehead of the Rutherford Institute.
Read More @ WND.com
Eurodollar Update - Hunting The Black Swan - Gold and the Eurodollar
Beige iPad Makes NEW QE Less Likely
Here come the headlines from the beige anachronism:
- FED SAYS ECONOMY EXPANDED AT MODEST TO MODERATE PACE IN MARCH
- FED SAYS MANUFACTURERS CONCERNED ABOUT RISING PETROLEUM PRICES
- FED: HIRING WAS STEADY OR SHOWED MODEST GAINS IN MOST DISTRICTS
- FED SAYS `UPWARD PRESSURE ON WAGES WAS CONSTRAINED'
- SOME FED DISTRICTS SAY RISING GAS PRICES MAY INHIBIT CONSUMERS
Where is the beige app? or beige pdf straight to kindle? What is this - book thing? Anyway no QE on the horizon based on this.
Gas For A Buck
No,
not the kind you actually use in your car. The other kind: that which
Europe would kill to be able to get at even a 500% higher price. From a
peak at $15.78 in Q4 2005, Natural Gas (front-month futures) has now fallen to a lowly $1 handle for the first time since Q1 2002 on its way perhaps to its all-time low of $1.02 in Q1 1992.
by Michelle Smith, Silver Investing News:
The sharp declines of precious metals on February 29 was largely
associated with the Federal Reserve’s failure to give indication of
another round of quantitative easing. However, an alleged employee of JP
Morgan Chase reportedly offered the Commodities Futures Trading
Commission (CFTC) an alternate explanation. The individual claims his
employer was involved in orchestrating the price declines, which raises
the question of whether events are such Fed speeches and jobs reports
serve as masks for silver manipulation.
In an open letter that Global Securities says was posted on the CFTC website, a person claiming to work for JP Morgan Chase accuses the the firm of “inherent and fraudulent commodities manipulation.”
“We are manipulating the silver market and playing a smaller (but still massively manipulative role) in manipulating the gold futures market,” he said.
Read More @ SilverInvestingNews.com
In an open letter that Global Securities says was posted on the CFTC website, a person claiming to work for JP Morgan Chase accuses the the firm of “inherent and fraudulent commodities manipulation.”
“We are manipulating the silver market and playing a smaller (but still massively manipulative role) in manipulating the gold futures market,” he said.
Read More @ SilverInvestingNews.com
[Ed. Note:
The phone numbers of the totalitarian bureaucrats who pushed this man
over the edge are listed in this piece, I'm sure they'd love to hear
from you in order to defend their actions. Please give them a call and
let us know what they have to say about the role they played in the
death of Andrew Wordes.]
from TheAlexJonesChannel :
An innocent man who had legally been raising a few dozen chickens and other small birds in the backyard of his suburban Atlanta home is now dead, following a crusade of terror perpetrated against him by the City of Roswell in Georgia. Andrew Wordes, who died during a recent raid on his property in which county marshals tried to illegally evict him, was the obvious victim of a rogue state gone mad — and his blood is now on the hands of the Roswell City Administrator, the Roswell City Council, and the Roswell Police Department, all of which robbed from Wordes his property, his livelihood, and ultimately his life.
from TheAlexJonesChannel :
An innocent man who had legally been raising a few dozen chickens and other small birds in the backyard of his suburban Atlanta home is now dead, following a crusade of terror perpetrated against him by the City of Roswell in Georgia. Andrew Wordes, who died during a recent raid on his property in which county marshals tried to illegally evict him, was the obvious victim of a rogue state gone mad — and his blood is now on the hands of the Roswell City Administrator, the Roswell City Council, and the Roswell Police Department, all of which robbed from Wordes his property, his livelihood, and ultimately his life.
A
looming flare-up in the eurozone crisis over Spain will drive the price
of gold towards $2,000 (£1,255) an ounce this year, a leading
consultancy predicts.
by Emma Rowley, Telegraph.co.uk:
Rising fears about the region’s fourth largest economy will send a
fresh flood of investment towards the “safe haven” metal, according to
the annual report from Thomson Reuters GFMS.
Philip Klapwijk, global head of metals analytics at the consultancy, said: “We could easily see last September’s record high [a closing high of $1,900.23 on September 5] being taken out.
“A push on towards $2,000 is definitely on the cards before the year is out, although a clear breach of that mark is arguably a more likely event for the first half of next year.”
Read More @ Telegraph.co.uk
by Emma Rowley, Telegraph.co.uk:
Rising fears about the region’s fourth largest economy will send a
fresh flood of investment towards the “safe haven” metal, according to
the annual report from Thomson Reuters GFMS.Philip Klapwijk, global head of metals analytics at the consultancy, said: “We could easily see last September’s record high [a closing high of $1,900.23 on September 5] being taken out.
“A push on towards $2,000 is definitely on the cards before the year is out, although a clear breach of that mark is arguably a more likely event for the first half of next year.”
Read More @ Telegraph.co.uk
by John Rubino, DollarCollapse.com:
New tech is always a double-edged sword, with benefits balanced to an
extent by the risk of misuse by idiots or criminals. Airplanes make
possible fast travel but also saturation bombing; biotech gives us stem
cell treatments and frankenfoods; antidepressants and painkillers help
some people and addict countless others. TV, nuclear power, cars; pretty
much the whole of the modern world has up-and-downsides.
On balance this progress has been a good thing — no one with any sense would go back to the days before antibiotics and iPhones. But the risks that come with so much new power are growing exponentially, so the good might not always outweigh the bad.
Read More @ DollarCollapse.com
New tech is always a double-edged sword, with benefits balanced to an
extent by the risk of misuse by idiots or criminals. Airplanes make
possible fast travel but also saturation bombing; biotech gives us stem
cell treatments and frankenfoods; antidepressants and painkillers help
some people and addict countless others. TV, nuclear power, cars; pretty
much the whole of the modern world has up-and-downsides.On balance this progress has been a good thing — no one with any sense would go back to the days before antibiotics and iPhones. But the risks that come with so much new power are growing exponentially, so the good might not always outweigh the bad.
Read More @ DollarCollapse.com
[Ed. Note: The LOL moment is in bold type, below.]
from KitcoNews:
Thomson Reuters GFMS figures gold potentially could fall below $1,550 an ounce over the next two months but also return to last year’s record highs before 2012 ends.
The consultancy listed its outlook for the precious metal Wednesday in conjunction with the release of its Gold Survey 2012 at events held in London, Johannesburg and Toronto. This was the 46th edition of the report.
The report indicated that net world investment fell in 2012 but physical investment in the form of bars was strong and central-bank buying continued. Jewelry dipped but only modestly so despite higher gold prices, while mine supply rose.
Thomson Reuters GFMS offered some caution about gold prices in the short term, citing some abatement of the eurozone debt crisis and lowered expectations for a third round of quantitative easing in the U.S.
Read More @ KitcoNews
from KitcoNews:
Thomson Reuters GFMS figures gold potentially could fall below $1,550 an ounce over the next two months but also return to last year’s record highs before 2012 ends.
The consultancy listed its outlook for the precious metal Wednesday in conjunction with the release of its Gold Survey 2012 at events held in London, Johannesburg and Toronto. This was the 46th edition of the report.
The report indicated that net world investment fell in 2012 but physical investment in the form of bars was strong and central-bank buying continued. Jewelry dipped but only modestly so despite higher gold prices, while mine supply rose.
Thomson Reuters GFMS offered some caution about gold prices in the short term, citing some abatement of the eurozone debt crisis and lowered expectations for a third round of quantitative easing in the U.S.
Read More @ KitcoNews
from Gold Money:
The gold price
staged a decent rally late yesterday, heading from an intraday low
around $1,630 at 11EDT to over $1,660 over the next hour and a half.
There was no obvious news catalyst for this move – no dovish Bernanke
comments – apart from growing fears about Spain and Italy, something
that prompted losses in equities and commodities. Aside from the gains
in gold, the dollar rose slightly and US Treasury yields fell – a sure
sign of growing market pessimism.
Though the silver price also rallied with gold, it failed to recover above its high for the day above $31.85 – unsurprising perhaps in light of the pessimistic talk about the eurozone. Silver usually does best when the dollar is weakening and inflation expectations are rising.
Read More @ GoldMoney.com
The gold price
staged a decent rally late yesterday, heading from an intraday low
around $1,630 at 11EDT to over $1,660 over the next hour and a half.
There was no obvious news catalyst for this move – no dovish Bernanke
comments – apart from growing fears about Spain and Italy, something
that prompted losses in equities and commodities. Aside from the gains
in gold, the dollar rose slightly and US Treasury yields fell – a sure
sign of growing market pessimism.Though the silver price also rallied with gold, it failed to recover above its high for the day above $31.85 – unsurprising perhaps in light of the pessimistic talk about the eurozone. Silver usually does best when the dollar is weakening and inflation expectations are rising.
Read More @ GoldMoney.com
Defense Logistics Agency cites ongoing crisis in Japan as reason behind bulk purchase
by Paul Joseph Watson, Info Wars:
The Troop Support branch of the Defense Logistics Agency has decided to
replenish its stockpiles of anti-radiation pills, citing the ongoing
crisis at Fukushima and the potential for nuclear fallout as a primary
reason behind the bulk purchase.
According to a solicitation on the FedBizOpps.gov website, the DLA is looking to finalize the purchase of almost $400,000 dollars worth of potassium iodide pills, which work by helping the the body’s thyroid gland block cancer-causing radioiodines.
by Paul Joseph Watson, Info Wars:
The Troop Support branch of the Defense Logistics Agency has decided to
replenish its stockpiles of anti-radiation pills, citing the ongoing
crisis at Fukushima and the potential for nuclear fallout as a primary
reason behind the bulk purchase.According to a solicitation on the FedBizOpps.gov website, the DLA is looking to finalize the purchase of almost $400,000 dollars worth of potassium iodide pills, which work by helping the the body’s thyroid gland block cancer-causing radioiodines.
The posting states that the DLA requires 75,000 blister
packs of pills, each of which contain 14 potassium iodide tablets,
enough to last 2 weeks for one adult. The solicitation specifies the
need to “ensure that critical operational forces are protected in the
event of nuclear fallout,” as the reason behind the purchase, adding
that, “The recent earthquake in Japan in March of 2011 and the resultant
nuclear crisis has renewed interest in this item.”
Read More @ InfoWars.com
Last week the U.S. Supreme Court ruled that police in the United States
can strip search anyone that they arrest. It doesn’t matter how minor
the crime is and it doesn’t matter if they suspect that you have
contraband on you or not. The Supreme Court even said that you can be
strip searched if you have been arrested for a traffic violation. Any
type of arrest will do. Once you are arrested, if the police want to
strip off your clothes and see you naked there is not a thing you can do
about it. You can read the entire Supreme Court decision right here. Considering the fact that 13 million Americans
are put in jail at some point each year, this is a very frightening
thing. The notion that we are all “innocent until proven guilty” is
rapidly becoming a thing of the past. Thanks to the Supreme Court, it
is now legal for the police to strip search you any time they want. All
they have to do is find some excuse to arrest you. And considering the
fact that almost everything is illegal
in America, that is not hard to do. America continues to become a very
dark place in 2012, and very few people are speaking up in defense of
liberty and freedom.But don’t the police need probable cause before they search you? Aren’t we protected against unreasonable searches by the U.S. Constitution? After all, the 4th Amendment says the following….
Read More @ EndOfTheAmericanDream.com
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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