by SGT, SGT Report:
I’m sure our friends at Silver Doctors will have more on this news
shortly given the high volume of American silver eagles they sell at SD Bullion. But our friend Andy Hoffman from precious metals dealer Miles Franklin just e-mailed me to say, “Looks like the U.S. Mint just suspended Silver Eagle sales again.”When I asked him if there were any other corroborating news reports he could send me, because a quick search via Google reveals nothing specific today, Andy replied, “The news will take time to be posted by public sources, the Mint just tells the primary distributors “no mas” – those dealers in turn tell retail precious metals dealers like us.”
It’s hard to imagine that given all of the quantifiable chaos in global economic markets over the past few weeks that the cartel would stomp the price of silver all the way back down to the $15 handle, but that’s what they’ve done today, July 6th – and the resulting demand for PHYSICAL silver by the handful of primary dealers in the world appears to have resulted in the Mint suspending PHYSICAL silver eagle sales. Again.
And while there is literally an endless supply of paper silver – and gold – in the world, we can assure you of this fact: There is a very finite amount of PHYSICAL precious metal on the planet. Stay tuned, more to come.
from Gold Core:
“Wake up, people of the world and investors! Greece will come to your
neighbourhood very soon, maybe not this year but next year or
whenever…because the world is over-indebted and defaults will follow or
they’ll have to create very high inflation rates”.
This was Mark Faber’s message to Bloomberg viewers in an interview yesterday.
In the course of the interview the editor of the Gloom, Doom and Boom report said that if Greece were to leave the EU it would “suffer badly for a few months, maybe longer” due to a shortage in cash but that ultimately it might be in its interest to do so because they would be “basically debt free”. The economy would crash “but the economy has already plunged as a result of the measures and the over indebtedness they have”.
Read More @ GoldCore.com
“Wake up, people of the world and investors! Greece will come to your
neighbourhood very soon, maybe not this year but next year or
whenever…because the world is over-indebted and defaults will follow or
they’ll have to create very high inflation rates”.This was Mark Faber’s message to Bloomberg viewers in an interview yesterday.
In the course of the interview the editor of the Gloom, Doom and Boom report said that if Greece were to leave the EU it would “suffer badly for a few months, maybe longer” due to a shortage in cash but that ultimately it might be in its interest to do so because they would be “basically debt free”. The economy would crash “but the economy has already plunged as a result of the measures and the over indebtedness they have”.
Read More @ GoldCore.com
The 'Smart' Money Has Been Dumping Stocks Since Greferendum
Submitted by Tyler Durden on 07/07/2015 - 12:59 Despite the ups and down of the last few weeks, 'relative' stability in US equities has confirmed talking heads' bias that 'Greece is contained'. However, Bloomberg's Smart Money flow indicator suggests that the big money (that trades at the open and close) is anything but believing and has in fact been selling since Greferedum...
China Bans Use Of Terms “Equity Disaster” And “Rescue The Market"
Submitted by Tyler Durden on 07/07/2015 - 11:00 Because when banning selling doesn’t work, the logical next step is to ban talking about selling...
Europe Revolts: "What Is Happening Now Is A Defeat For Germany"
Submitted by Tyler Durden on 07/07/2015 - 14:04
In Spain, only Vladmir Putin is more disapproved of than Angela Merkel. Such is the level of polarization that Germany's chancellor has created in Europe that, as WSJ reports,
even domestically she is being deriled for saddling Greeks with "soup
kicthens upon soup kitchens." As Marcel Fratzscher, head of the German
Institute for Economic Research, a leading Berlin think tank notes,
"Germany has, at the end of the day, helped determine most of the
European decisions of the last five years," and therefore, "what is happening now is a defeat for Germany, especially, far more than for any other country."
from RT:
Russian President Vladimir Putin on Monday “expressed his support for
the Greek people in overcoming the country’s current difficulties” said a
Kremlin statement.In a phone conversation on Monday, Putin and Greek Prime Minister Alexis Tsipras discussed the Greek referendum as well as Russia-Greece cooperation.
“Mr Putin and Mr Tsipras discussed the results of the Greek referendum on international creditors’ conditions for providing financial aid to Athens, and discussed several matters concerning further development of bilateral cooperation,” said the statement.
Read More @ TheBRICSPost.com
"We Greeks Voted 'No' To Slavery, But 'Yes' To Our Chains"
Submitted by Tyler Durden on 07/07/2015 - 13:42 "We Greeks have voted 'No' to slavery -- but 'Yes' to our chains... What's simply whack-o is that, while voting "No" to austerity, many Greeks wish to remain shackled to the euro, the very cause of our miseries."
Stocks Storm Into The Green (Again) As Greek "Hope" Returns
Submitted by Tyler Durden on 07/07/2015 - 13:18 Everyone was expecting today's "hope" headlines, and as usual, they were not disappointed.
F-16 Fighter Collides With Civilian Cessna Over South Carolina
Submitted by Tyler Durden on 07/07/2015 - 12:28 A day of diplomatic blow-ups in Europe just had a more literal, if perhaps more tragic echo, in the US when minutes ago in a scene straight out of Breaking Bad took place in real life when an F-16 fighter jet is said to have crashed into a civillian Cessna airplane, above Highway 52, near Cooper River in Berkely County, 30 miles north of Charleston, South Carolina.
It Is NOT Priced-In, Stupid!
Submitted by Tyler Durden on 07/07/2015 - 12:16 Among all the mindless blather served up by the talking heads of bubblevision is the recurrent claim that “its all priced-in”. That is, there is no danger of a serious market correction because anything which might imply trouble ahead—-such as weak domestic growth, stalling world trade or Grexit——is already embodied in stock market prices. Yep, those soaring averages are already fully risk-adjusted! Nothing to see here, it will be argued. Today’s plunge is just another opportunity for those who get it to “buy-the-dip”. And they might well be right in the very short-run. But this time the outbreak of volatility is different. This time the dip buyers will be carried out on their shields.
Tsipras Dials Obama
Submitted by Tyler Durden on 07/07/2015 - 11:52 Greek Prime Minister Alexis Tsipras spoke to U.S. President Barack Obama by telephone on Tuesday shortly before an emergency euro zone summit and briefed him on Greece's request for a rescue loan, a Greek government official said. The official said Obama had voiced strong U.S. hopes for a successful outcome to the negotiations. The United States has said it wants an early solution to Greece's debt crisis that keeps Athens in the European currency area.
European Equity Losses Accelerate: Does This Look 'Contained' To You?
Submitted by Tyler Durden on 07/07/2015 - 11:45 Does this look contained to you?
Bond Yields Are Plunging - 30Y Treasury Under 3.00%
Submitted by Tyler Durden on 07/07/2015 - 11:30 With near record shorts in Treasuries once again, yields are collapsing as both a flight to safety and short squeeze send 30Y back below 3.00% for the first time in a month...
Goldman Sounds The Siren: "Nothing But Risk Off: We Have Seen Zero Attempts To Buy The Dip"
Submitted by Tyler Durden on 07/07/2015 - 11:16 "Bottom line: our early flow has been entirely one way: risk-off. Starting to get more much quiet now but have seen zero attempts to buy the dip or fade this move"
Beware Greeks Bearing Nothing: Eurogroup Ends, Dijsselbloem Statement To Follow
Submitted by Tyler Durden on 07/07/2015 - 10:42 In one of the shorter Eurogroup meetings in recent history, the Greeks came bearing nothing and today's "final, final, final" "last chance for a deal" conference ended just after 2 hours in. The Greeks may come back tomorrow bearing a new proposal but at this point it is rather clear what the endgame is. In a few moments expect Diesel-BOOM to explain why nothing got done again, and why it's on the Greeks if the Eurozone dominoes start falling next.
"Unleash The Bullard" - S&P 500 Breaks Below Crucial Support
Submitted by Tyler Durden on 07/07/2015 - 10:34 The last time the S&P 500 dropped below its 200-day moving average, The Fed's Jim Bullard rapidly stepped in to save the world... who will save the world this time?
Peak Central Banker Hypocrisy: ECB Warns On ELA "Moral Hazard"
Submitted by Tyler Durden on 07/07/2015 - 10:25 After hiking the haircuts on Greek banks' ELA collateral, the ECB decided it was time to apprise the market of its "risk management" procedures. The result: an epic display of central banker hypocrisy.by Charlotte Iserbyt, News With Views:
[CALL, CALL, CALL your U.S. Senators IMMEDIATELY (202-224-3121) and
demand that they vote NO on Senator Lamar Alexander/Senator Patty Murray
S1177, the Reauthorization of the Elementary and Secondary Education
Act, an unconstitutional/communist piece of legislation if ever there
was one. Email them this article explaining why they MUST vote NO on S1177.
Vote is scheduled for any time during the week of July 6, 2015.
*
Please read important personal and very special request for noted
researcher/writer Dr. Dennis Cuddy, Ph.D, at the end of this article.]
Read More @ Newswithviews.comBill Fleckenstein – “There Is No Time Left” As Greek Crisis Is Poised To Go Global, Plus A Bonus Q&A
from KingWorldNews:
Though many were taken by surprise by the Greek referendum vote, I
certainly wasn’t, as I noted last Wednesday that my feeling was the
measure would be rejected. While that was a relatively straightforward
observation, what happens next is not….
Judging from the reactions of world markets, as of Monday mid-morning, they seemed to conclude that everything would still be OK, but I don’t really see how that could be the case. First of all, the powers that be who run the EU can’t grant any sort of relief to Greece without having to worry about doing the same for Ireland, Portugal, Spain, and possibly Italy. Second, even if a solution were possible, I don’t know if they will have enough time, given that Greece’s economy and banking system are on the verge of the functional equivalent of vaporization. Thus, I really don’t see what can be done to save the day.
DBill Fleckenstein Continues @ KingWorldNews.com
Though many were taken by surprise by the Greek referendum vote, I
certainly wasn’t, as I noted last Wednesday that my feeling was the
measure would be rejected. While that was a relatively straightforward
observation, what happens next is not….Judging from the reactions of world markets, as of Monday mid-morning, they seemed to conclude that everything would still be OK, but I don’t really see how that could be the case. First of all, the powers that be who run the EU can’t grant any sort of relief to Greece without having to worry about doing the same for Ireland, Portugal, Spain, and possibly Italy. Second, even if a solution were possible, I don’t know if they will have enough time, given that Greece’s economy and banking system are on the verge of the functional equivalent of vaporization. Thus, I really don’t see what can be done to save the day.
DBill Fleckenstein Continues @ KingWorldNews.com
from The Daily Sheeple:
When it comes to people the government fears the most, those who live
in rural areas must be somewhere near the top of the list. Not that
there’s anything wrong with this particular group of people. It’s just
that they’re a demographic that the government often struggles to
contend with.
They usually have the resources to take care of themselves, and often by necessity, which makes it difficult to corral this population. When you have no choice but to take care of yourself because government services are too far away, they don’t have any good excuses for telling you what to do. They know that if they tried to micromanage your life, they would utterly fail (at least more than they do already).
Read More @ TheDailySheeple.com
When it comes to people the government fears the most, those who live
in rural areas must be somewhere near the top of the list. Not that
there’s anything wrong with this particular group of people. It’s just
that they’re a demographic that the government often struggles to
contend with.They usually have the resources to take care of themselves, and often by necessity, which makes it difficult to corral this population. When you have no choice but to take care of yourself because government services are too far away, they don’t have any good excuses for telling you what to do. They know that if they tried to micromanage your life, they would utterly fail (at least more than they do already).
Read More @ TheDailySheeple.com
On Monday, Obama signed regressive Fast Track legislation into law –
giving himself diktat power to ram through Congress anti-populist trade
bills like TPP with minimal debate and no amendments.Besides other provisions benefitting investors at the expense of public welfare, it’s a jobs killer/environment destroyer.
Nothing Obama says is credible. “The Trans-Pacific Partnership includes strong protections for workers and the environment,” he blustered in remarks before signing what demands rejection.
Read More @ Thesleuthjournal.com
from TruthNeverTold:
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