guess we can all use a break now and then, and this seems like one of those weeks when not much is happening.
We had a tumultuous 10-day period from March 14–24, which included a Fed rate hike, Dutch elections, a weaker dollar, a stronger euro, a rally in gold and a nervous stock market in an orderly retreat.
The news cycle was spun up with endless stories about Trump and the Russians, the failed Obamacare repeal vote and a Supreme Court nominee.
Having just returned from Prague for a few days I’ve been behind on some podcasts that I normally listen to, a small list of YouTube interviews had built up and I’ve been gradually working my way through them.
The one I want to highlight here is a podcast from the ‘Ask The Expert’ series featuring Jim Rogers with Craig Hemke on behalf of Sprott Money. At just under 2 minutes into it Mr Rogers said something that made me sit bolt upright.
“Historically, once the Fed raises interest rates 3 times, it usually means the stock market is going to have problem. If it doesn’t happen after 3 times, historically it’s always happened after 4 times. So we will have another interest rate hike and that may be the death knell for the stock market and maybe even for the economy.” – Jim Rogers
This week, Eric Sprott takes stock of the first quarter performance of both gold and silver and looks ahead to the remainder of 2017.
Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.
Click HERE to Listen
Exotic honey can be used as a powerful alternative when treating one of the deadliest infections in the U.S. today. A report published in the International Journal of Antimicrobial Agents confirms that exotic honey can battle antibiotic-resistant infections, like Clostridium difficile. Interestingly, C.difficile is caused by an overdose of antibiotics.
Two researchers from Elisabeth-TweeSteden Hospital’s Department of Gastroenterology and Hepatology discussed the therapeutic effects of a honey found in Australia and New Zealand. This exotic honey, known as Manuka, is being used for the treatment of Clostridium difficile. More severe cases of the Clostridium difficile infections are caused by the destruction of the gut flora associated with antibiotics. The overgrowth is harmful in what would otherwise be harmless bacteria.
from Harvey Organ:
In silver, the total open interest ROSE BY ANOTHER UNBELIEVABLE 3753 contracts UP to 211,522 DESPITE THE FALL IN PRICE ( 4 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO HASTILY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.060 BILLION TO BE EXACT or 151% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 271 NOTICE(S) FOR 1,355,000 OZ OF SILVER
In gold, the total comex gold also FELL BY A GIGANTIC 13,887 contracts WITH THE FALL IN THE PRICE OF GOLD ($8.70 with YESTERDAY’S TRADING).We thus continue with the strange events that every time we enter an active month, the open interest obliterates, rather than rolling to the next active month. The total gold OI stands at 414,893 contracts. We are only 22,000 contracts away from solid rock bottom OI.(393,000)
Read More @ Harveyorganblog.com
Moments ago, WikiLeaks released another set of data from the Vault 7 CIA documents which, believe it or not, paints an even more ominous picture of the world’s most unscrupulous spy agency. The latest leak consists of 676 source code files from the CIA’s anti-forensic “Marble” framework — which allows the CIA to covertly create malware, trojans, and hacking attacks — while attributing them to foreign entities.
Most people understand that utility bills are a necessary evil if they want to live in the modern world – even if utility bills eat up a large portion of monthly income. That said, few are willing to pay more than they should be paying, and yet, according to a stunning new report, some people are paying more than they should. A lot more.
As reported by web site Boing Boing, a research team from the University of Twente in Enschende, Netherlands, and Amsterdam University of Applied Sciences documented billing inaccuracies in a paper that reviewed the efficacy of so-called “smart” electric meters, ranging from -32 percent to +582 percent of the actual power consumed in a month’s period.
The paper also noted that, ironically, the overbilling is mostly due to older power-saving features because they introduce line noise that interferes with the wireless signal and thereby ‘confuses’ the meters. (RELATED: Read SILENT KILLER: Smart Meters Are Destroying Your Health.)
If you were looking for confirmation that the nation’s infrastructure needs a complete overhaul, a collapsing bridge in Atlanta may have provided it in stark imagery.
Around 6:30 p.m. Thursday night, a fire broke out under a section of the highway bridge on busy I-85 in Atlanta, Georgia. Just thirty minutes later, a huge section of that bridge burst into flames and completely collapsed.
Amazingly, no motorists were injured when this happened: