Ed note....I wonder if it makes salmon taste like chicken???
from Peter Schiff:
.
by Graham Summers, Gold Seek:
We’ve
been warning that stocks were susceptible to a sharp drop for several
weeks now. Stocks are notoriously “dumb” when it comes to major market
moves.
Consider that stocks, even at current lofty levels, have a global market capitalization of slightly over $60 trillion.
In contrast, the global bond market is well over $100 trillion.
And the global currency market trades OVER $5.3 trillion per day.
As a result, stocks ALWAYS “get it” last.
With that in mind, the S&P 500 was rejected at the upper trendline of a megaphone pattern.
Read More @ GoldSeek.com
ED Note... probably some of the same tanks...saves shipping costs...
from Silver Doctors:
The coming Collapse will be THE big one and there will be nowhere to
hide except in PHYSICAL Gold and Silver. Robert Fitzwilson of the
Protola Group stated it best…
“Even cash in a collapsing Keynesian maelstrom could well turn out to represent its intrinsic value, which is zero.”
To the stackers, keep stacking for when the dust settles PHYSICAL will sparkle!
Mr. Jim Willie stated it so eloquently… “The manipulation is finite, and it is coming to an end. When the Shanghai shock comes, ALL THE PAPER GOLD STRUCTURES WILL FALL; all the FOREX derivatives will collapse…”
Read More @ SilverDoctors.com
Traders would use such names as The Cartel, The Bandits’ Club and The Mafia
to swap confidential orders, and set prices through manipulative
tactics such as “front running,” “banging the close” and “painting the
screen.”
by Jonathan Stempel, Reuters:
JPMorgan Chase & Co
has become the first bank to settle a U.S. antitrust lawsuit in which
investors accused 12 major banks of rigging prices in the $5
trillion-a-day foreign exchange market.
The largest U.S. bank will pay about $100 million, a person familiar with the matter said. Lawyers for the bank and the investors said a settlement had been reached in a letter filed on Monday with the U.S. District Court in Manhattan.
JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty ignition switches.
Read More @ Reuters.com
by Jonathan Stempel, Reuters:
The largest U.S. bank will pay about $100 million, a person familiar with the matter said. Lawyers for the bank and the investors said a settlement had been reached in a letter filed on Monday with the U.S. District Court in Manhattan.
JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty ignition switches.
Read More @ Reuters.com
from FinancialSurvivalNetwork.com:
Another Manipulation Monday with Andrew Hoffman. Listen in as we discuss:
Andy’s 2015 predictions, and how they relate to the current markets…
1. Retail Armageddon –
2. Return of the PIIGS –
3. First signs of Yen Hyperinflation –
4. Oil collapse contagion –
5. Mining industry paralysis
6. Falling commodity prices –
7. Collapsing currencies –
8. Revenge of the people.
9. The Re-emergence of Real Money
Plus, this morning’s utter collapse of interest rates and oil – and what it means regarding the coming “Yellen Reversal.”
And oh yeah, gold and silver surging – particularly in Europe and Switzerland where gold jumped above 1,000/oz and 1,200/oz respectively, this morning.
Click Here to Listen
Another Manipulation Monday with Andrew Hoffman. Listen in as we discuss:Andy’s 2015 predictions, and how they relate to the current markets…
1. Retail Armageddon –
2. Return of the PIIGS –
3. First signs of Yen Hyperinflation –
4. Oil collapse contagion –
5. Mining industry paralysis
6. Falling commodity prices –
7. Collapsing currencies –
8. Revenge of the people.
9. The Re-emergence of Real Money
Plus, this morning’s utter collapse of interest rates and oil – and what it means regarding the coming “Yellen Reversal.”
And oh yeah, gold and silver surging – particularly in Europe and Switzerland where gold jumped above 1,000/oz and 1,200/oz respectively, this morning.
Click Here to Listen
Worst Start To A Year Ever, Stocks Down 5 Days In A Row
Submitted by Tyler Durden on 01/06/2015 - 16:05.
We’ve
been warning that stocks were susceptible to a sharp drop for several
weeks now. Stocks are notoriously “dumb” when it comes to major market
moves.Consider that stocks, even at current lofty levels, have a global market capitalization of slightly over $60 trillion.
In contrast, the global bond market is well over $100 trillion.
And the global currency market trades OVER $5.3 trillion per day.
As a result, stocks ALWAYS “get it” last.
With that in mind, the S&P 500 was rejected at the upper trendline of a megaphone pattern.
Read More @ GoldSeek.com
How Do You Say "Death Cross" In French?
Submitted by Tyler Durden on 01/06/2015 - 22:20 It's not been a great couple of years for French President Hollande, with joblessness soaring to record highs almost unabated since he took office, he has now been forced to scrap his "super-tax" plan to solve the socialist utopia's problems.But joblessness is the symptom of the 'death cross' that is occurring in France as bankrupticies soar to record highs and firms' profitability craters. And as Bloomberg's Maxime Sbaihi notes, French households continue to use rising real wages to increase savings rather than consumption. There’s no reason why this should change as surveys indicate that consumers remain worried by the near-term outlook.
from TF Metals Report:
Though gold was only down a little more than 1% in 2014, the drain of the GLD, which began in 2013, continued in earnest.
We’ve been documenting the drain of the GLD
“inventory” for over two years. There have been a number of posts
written, a few examples are listed here:
Well, the pillaging and plundering continued in
2014, even if not at the same furious pace seen in 2013. As mentioned
above, after the raid of New Year’s Eve, gold actually posted a slightly
negative return for 2014, down 1.4%. However, global physical demand
continued unabated with China leading the way at nearly 2,100 metric
tonnes: https://www.bullionstar.com/blog/koos-jansen/yearly-shanghai-silver-volume-transcends-comex-again-sge-withdrawals-nearly-2100t/
Read More at TFMetals.comEurope's Monetary Madness
Submitted by Tyler Durden on 01/06/2015 - 21:50 If you want to know where the global experiment in massive money printing is heading - just take a look at the monetary madhouse in Europe. And that particular phrase has full resonance once again as it becomes more apparent by the hour that Europe and the Euro were not fixed at all. Indeed, beneath the surface of Draghi’s “whatever it takes” time out, the crisis has been metastasizing into ever more virulent deformations.Will 2015 Be A Year Of Economic Disaster? 11 Perspectives
Submitted by Tyler Durden on 01/06/2015 - 20:50 Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme.ISIS Now Hiring Bankers: In Bid For Legitimacy, Rogue State Opens Bank
Submitted by Tyler Durden on 01/06/2015 - 20:20 After seeking doctors, lawyers, and engineers, The Islamic State - expanding on its desire to launch a gold-backed currency - is reported to have opened its first bank in the Iraqi city of Mosul and delivered a budget for its 'territory'. All this is being done, according to Al Jazeera, in an effort to move beyond its image of a terrorist organisation and consolidate its aim of becoming a legitimate state (perhaps stop beheading western media?) "A strategy to make concrete decisions and actions to create a nation state is in place," notes one professor, but as another analyst explains, "ISIS is financing itself partly through a pyramid scheme, and this has begun to falter.”Energy Crisis As Early As 2016
Submitted by Tyler Durden on 01/06/2015 - 19:50 "...we believe the current low crude oil price could be overkill and result in the next “Energy Crisis” by early 2016. Enjoy these low gasoline prices while they last."
by Pam Martens and Russ Martens, Wall Street on Parade:
Yesterday was not an illustrious start to the first full week of the
new year. The Dow Jones Industrial Average plunged 331 points on global
deflation worries; U.S. crude oil dropped below $50 for the first time
since 2009, with West Texas Intermediate touching $48.47 at one point on
the New York Mercantile Exchange. The benchmark 10-year U.S. Treasury
note, whose yield is a harbinger of future economic activity, traded
below 2 percent and is yielding 1.97 percent in early morning trade
today.
In a strong signal that other economies are weakening around the globe, 10-year sovereign debt instruments in Australia, Austria, Belgium, Finland, France, Germany, Japan, Netherlands and the U.K. set record low yields yesterday.
Against that backdrop, columnist Paul Krugman might have wished he hadn’t penned these opening words on page A17 of the New York Times yesterday: “Suddenly, or so it seems, the U.S. economy is looking better. Things have been looking up for a while, but at this point the signs of improvement — job gains, rapidly growing G.D.P., rising public confidence — are unmistakable.”
Read More @ WallStreetonParade.com
Yesterday was not an illustrious start to the first full week of the
new year. The Dow Jones Industrial Average plunged 331 points on global
deflation worries; U.S. crude oil dropped below $50 for the first time
since 2009, with West Texas Intermediate touching $48.47 at one point on
the New York Mercantile Exchange. The benchmark 10-year U.S. Treasury
note, whose yield is a harbinger of future economic activity, traded
below 2 percent and is yielding 1.97 percent in early morning trade
today.In a strong signal that other economies are weakening around the globe, 10-year sovereign debt instruments in Australia, Austria, Belgium, Finland, France, Germany, Japan, Netherlands and the U.K. set record low yields yesterday.
Against that backdrop, columnist Paul Krugman might have wished he hadn’t penned these opening words on page A17 of the New York Times yesterday: “Suddenly, or so it seems, the U.S. economy is looking better. Things have been looking up for a while, but at this point the signs of improvement — job gains, rapidly growing G.D.P., rising public confidence — are unmistakable.”
Read More @ WallStreetonParade.com
by Peter Cooper, Silver Seek:
Gold and silver prices have jumped since the start of 2015 as safe
haven and dollar diversification plays. But this will be nothing
compared to the upside gain to come as financial markets really lose it.
Precious metal investors know from long experience that when gold
prices go up silver does even better and vice-versa.
Silver is in a tighter market than gold and with a smaller available supply then a rise in demand has a disproportionate impact on its price. It’s also an alternative to gold as prices rise because it is cheaper. The gold-to-silver price ratio is historically very high at the moment at 75, so silver prices have plenty of room to outperform and close up this gap.
Read More @ SilverSeek.com
Silver is in a tighter market than gold and with a smaller available supply then a rise in demand has a disproportionate impact on its price. It’s also an alternative to gold as prices rise because it is cheaper. The gold-to-silver price ratio is historically very high at the moment at 75, so silver prices have plenty of room to outperform and close up this gap.
Read More @ SilverSeek.com
US Selling Another 170 M-1 Abrams Tanks To Iraq After ISIS Captured 40 Last Summer
Submitted by Tyler Durden on 01/06/2015 - 19:21 Remember when shortly after ISIS' stunning and rapid ascent to power it was revealed that a key reason for the terrorist organization's blistering success were the M-1 Abrams tanks, armored transport trucks, Howitzers and countless Humvees made in the US, sold to Iraq and subsequently captured by ISIS? It appears that the US has decided to restock ISIS, if only indirectly. As Matthew Aid's Strategypage.com discloses, the US is now selling a whopping 170 M-1 tanks to Iraq in order to restock the 40 lost to ISIS last summer, and then some. And since ISIS will promptly recapture a substantial portion of this latest batch, the US now appears to have found a fully covert, backdoor ISIS-restocking supply channel: one where Iraq pays to US military contrators (using US taxpayer aid money) such as General Dynamics, and subsequently the inventory mysteriosuly finds its way to barbaian, headcutting terrorists.ED Note... probably some of the same tanks...saves shipping costs...
This Oil Thing Is The Real Deal
Submitted by Tyler Durden on 01/06/2015 - 16:50 It’s no longer about which factors bring down oil prices, that’s old news; it’s about what oil prices bring down. The oil price drop is a much bigger event than the US subprime housing crisis, it’s bigger than everything put together that happened in 2008. And this time, central banks are lame sitting ducks. Omnipotence is a harsh mistress. She tends to backfire.
by Brandon Turbeville, Activist Post:
It only took two days before the anti-gun American bureaucracy began chipping away at the Second Amendment
in areas where Congress and the President, despite being backed by
billion dollar NGOs and Foundations, have so far been unsuccessful.
On January 2, 2015, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) issued its ruling regarding “whether Federal Firearms Licensees (FFL), or unlicensed machine shops, may engage in the business of completing, or assisting in the completion of, the manufacture of firearm frames or receivers for unlicensed individuals without being licensed as a manufacturer of firearms.”
The ruling that was made in order to address the issue that ATF Ruling 2015-1 has called into question – whether or not the ability of American citizens to produce their own weapons, pass them down, and modify those weapons in specific capacities will remain a viable option.
Read More @ Activist Post
It only took two days before the anti-gun American bureaucracy began chipping away at the Second Amendment
in areas where Congress and the President, despite being backed by
billion dollar NGOs and Foundations, have so far been unsuccessful. On January 2, 2015, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) issued its ruling regarding “whether Federal Firearms Licensees (FFL), or unlicensed machine shops, may engage in the business of completing, or assisting in the completion of, the manufacture of firearm frames or receivers for unlicensed individuals without being licensed as a manufacturer of firearms.”
The ruling that was made in order to address the issue that ATF Ruling 2015-1 has called into question – whether or not the ability of American citizens to produce their own weapons, pass them down, and modify those weapons in specific capacities will remain a viable option.
Read More @ Activist Post
from KingWorldNews:
As
the Gold/Oil ratio moves sharply in favor of gold, it’s particularly
positive for the mining companies because it means the price of what
they sell is going up relative to the costs of mining it, because energy
is an enormous cost. So I think your point is well taken. People do
not understand how positive a fundamental this is going to be for these
companies. The major mining companies have been hurt by the high cost
related to oil and production. This is now heading in the other
direction in big, big way.
I don’t think people fully comprehend how positive this is for gold and silver producers and the underlying shares. The high energy costs vs the gold price can clearly be seen on the chart above, particularly on both sides of the 2006 zone (see chart above). Well, now that situation has reversed in a massive way in favor of gold.
John Embry continues @ KingWorldNews.com
As
the Gold/Oil ratio moves sharply in favor of gold, it’s particularly
positive for the mining companies because it means the price of what
they sell is going up relative to the costs of mining it, because energy
is an enormous cost. So I think your point is well taken. People do
not understand how positive a fundamental this is going to be for these
companies. The major mining companies have been hurt by the high cost
related to oil and production. This is now heading in the other
direction in big, big way.I don’t think people fully comprehend how positive this is for gold and silver producers and the underlying shares. The high energy costs vs the gold price can clearly be seen on the chart above, particularly on both sides of the 2006 zone (see chart above). Well, now that situation has reversed in a massive way in favor of gold.
John Embry continues @ KingWorldNews.com
by Bill Holter, Miles Franklin:
2014 was a year of posturing. The U.S. “postured” by trying to lure Mr.
Putin and Russia into a war. First it was over Syria and then later
over Ukraine. The Russians postured by not taking the bait and buying
time. Yes, Russia has suffered with a devaluing currency, lower oil
revenues, and an economy running on less than eight cylinders. China has
stayed out of the public spotlight during this period but privately
stood behind Russia, I will explain this a bit later.
I mentioned “buying time”, by necessity, Russia has done this as a tactic I believe to slow down the implosion of the Western financial system. On the face of it, I know this sounds ridiculous …why would Russia want to prolong the Western system. The answer is very simple, they, nor China were ready. They may not even be fully “ready” now but at least the financial infrastructure is in place for when it does happen.
Read More @ MilesFranklin.com
2014 was a year of posturing. The U.S. “postured” by trying to lure Mr.
Putin and Russia into a war. First it was over Syria and then later
over Ukraine. The Russians postured by not taking the bait and buying
time. Yes, Russia has suffered with a devaluing currency, lower oil
revenues, and an economy running on less than eight cylinders. China has
stayed out of the public spotlight during this period but privately
stood behind Russia, I will explain this a bit later.I mentioned “buying time”, by necessity, Russia has done this as a tactic I believe to slow down the implosion of the Western financial system. On the face of it, I know this sounds ridiculous …why would Russia want to prolong the Western system. The answer is very simple, they, nor China were ready. They may not even be fully “ready” now but at least the financial infrastructure is in place for when it does happen.
Read More @ MilesFranklin.com
Yet this still may not be the most concerning news
by Mike Barrett, Natural Society:
The commonly used ingredient high fructose corn syrup (HFCS)
has been linked to numerous health issues, leading countless
individuals to shun any products containing the ingredient. Well new research shows that this is in fact the right move, finding that consuming high fructose corn syrup in ‘normal’ quantities is more toxic than sucrose or table sugar, leading to a reduced lifespan and hampered reproduction.
The study showed that when fed a diet containing 25% of calories from added fructose and glucose carbohydrates found in corn syrup, female mice died at a rate 1.87 times higher than female mice on a diet in which 25% of calories came from sucrose (table sugar). What’s more, the mice on the fructose-glucose diet produced about 26% fewer offspring.
Read More @ Natural Society
by Mike Barrett, Natural Society:
The commonly used ingredient high fructose corn syrup (HFCS)
has been linked to numerous health issues, leading countless
individuals to shun any products containing the ingredient. Well new research shows that this is in fact the right move, finding that consuming high fructose corn syrup in ‘normal’ quantities is more toxic than sucrose or table sugar, leading to a reduced lifespan and hampered reproduction.The study showed that when fed a diet containing 25% of calories from added fructose and glucose carbohydrates found in corn syrup, female mice died at a rate 1.87 times higher than female mice on a diet in which 25% of calories came from sucrose (table sugar). What’s more, the mice on the fructose-glucose diet produced about 26% fewer offspring.
Read More @ Natural Society
The coming Collapse will be THE big one and there will be nowhere to
hide except in PHYSICAL Gold and Silver. Robert Fitzwilson of the
Protola Group stated it best…“Even cash in a collapsing Keynesian maelstrom could well turn out to represent its intrinsic value, which is zero.”
To the stackers, keep stacking for when the dust settles PHYSICAL will sparkle!
Mr. Jim Willie stated it so eloquently… “The manipulation is finite, and it is coming to an end. When the Shanghai shock comes, ALL THE PAPER GOLD STRUCTURES WILL FALL; all the FOREX derivatives will collapse…”
Read More @ SilverDoctors.com
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