With
mounting fears over the recent plunge in gold and silver and continued
volatility in markets globally, the Godfather of newsletter writers,
Richard Russell, had this to say in his latest commentary: “This year’s
close for gold marks the 11th year for higher year end gold closing.
To my knowledge this is the longest bull market of any kind in history
in which each year’s close was above the previous year. This fabulous
bull market will not end with a whisper and a fizzle. I continue to
believe that the upside gold crescendo of this bull market lies ahead.
We are watching market history.”Richard Russell continues: Read More @ KingWorldNews.com
by Jim Sinclair, JSMineset.com:
Dear Friends,
This is pure global QE. The Fed provides the swaps which is a form of loan for the ECB to lend to their banks who in turn buy Euro Federal paper.
The veil is so thin and the result is exactly the same as QE in this global world with the Fed the world central bank of central banks. The slightly better than expected Italian bond issue is a hoax.
Regards,
Jim
“Banks borrowed €17.307B from the ECB overnight, a very sharp jump from the €4.321B borrowed on Wednesday and the highest level since February. Banks deposited €445.683B, still near the €452.034B record set earlier this week.”
More…
Original Source @ JSMineset.com
Dear Friends,This is pure global QE. The Fed provides the swaps which is a form of loan for the ECB to lend to their banks who in turn buy Euro Federal paper.
The veil is so thin and the result is exactly the same as QE in this global world with the Fed the world central bank of central banks. The slightly better than expected Italian bond issue is a hoax.
Regards,
Jim
“Banks borrowed €17.307B from the ECB overnight, a very sharp jump from the €4.321B borrowed on Wednesday and the highest level since February. Banks deposited €445.683B, still near the €452.034B record set earlier this week.”
More…
Original Source @ JSMineset.com
by Mac Slavo, SHTFPlan.com:
The dollar is losing value, but this fact is not just some recent phenomenon. In case you missed the charts comparing the decline of the US dollar to the Roman silver denarius, what they show is that the US dollar has, over the course of the last one hundred years, experienced a steady decline amounting to about a 95% loss in purchasing power, closely mimicking the fall of the world’s reserve currency circa the 2nd and 3rd centuries.
Every single day our central bank and the US government utilize the stealth tax known as inflation to make you poorer by increasing your cost of living. It’s so subtle that most Americans don’t even notice – or care.
In just the last decade alone, Brits have lost about 43% of their purchasing power for the most essential of all goods – food and energy.
Read More @ SHTFPlan.com
The dollar is losing value, but this fact is not just some recent phenomenon. In case you missed the charts comparing the decline of the US dollar to the Roman silver denarius, what they show is that the US dollar has, over the course of the last one hundred years, experienced a steady decline amounting to about a 95% loss in purchasing power, closely mimicking the fall of the world’s reserve currency circa the 2nd and 3rd centuries.
Every single day our central bank and the US government utilize the stealth tax known as inflation to make you poorer by increasing your cost of living. It’s so subtle that most Americans don’t even notice – or care.
In just the last decade alone, Brits have lost about 43% of their purchasing power for the most essential of all goods – food and energy.
Read More @ SHTFPlan.com
As '11 Ends, 11 Charts Of 11 Disturbing 11 Year Trends
As we pop the corks of our proverbial champagne this weekend with an eye to a better year ahead, perhaps it is worth thinking about these 11 incredible trends that have evolved in a rather disturbing manner over the last 11 years. As John Lohman points out, the 21st century has not been pretty for ongoing centrally planned attempts to defer the 30 year overdue mean reversion.Guest Post: 2011 - Catch-22 Year In Review
The Wall Street mantra of stocks for the long run is beginning to get a little stale. If Abbey Joseph Cohen had been right for the last twelve years, the S&P 500 would be 4,000. For this level of accuracy, she is paid millions. Her 2011 prediction of 1,500 only missed by16%. The S&P 500 began the year at 1,258 and hasn’t budged. The lowest prediction from the Wall Street shysters at the outset of the year was 1,333, with the majority between 1,400 and 1,500. The same Wall Street clowns are now being quoted in the mainstream media predicting a 10% to 15% increase in stock prices in 2012, despite the fact we are headed back into recession, China’s property bubble has burst, and Europe teeters on the brink of dissolution. They lie on behalf of their Too Big To Tell the Truth employers by declaring stocks undervalued, when honest analysts such as Jeremy Grantham, John Hussman and Robert Shiller truthfully report that stocks are overvalued and will provide pitiful returns over the next year and the next decade.
I Don't See Much Reason To Own Equities
Admin at Jim Rogers Blog - 38 minutes ago
I’m short emerging markets, short American technology, short European
stocks – I don't see much reason to own equities. - *in CNBC*
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
Silver ends DOWN on the Year
Trader Dan at Trader Dan's Market Views - 6 hours ago
First of all I would like to publicly thank one of my readers,
"Silverwood", for noting that I erroneously reported in an earlier post
that silver had ended the year 2010 at the $28.00 level. I mistakenly used
the LOW for the month of December 2010 instead of the closing price which
on the front month futures contract was $30.93.
Based on that price, Silver is ending DOWN on the year 2011.
Note on the following chart that it has retraced 50% or half of the entire
rally made from the lows in 2008 which marked the bottom during the
eruption of the credit crisis and the inception of t... more »
Thankful for Gas Shale
Trader Dan at Trader Dan's Market Views - 7 hours ago
One of these days the politicians are going to wake up and realize that
America is sitting on so much natural gas that we could kiss the Mid-East
and its problems goodbye if we actually took steps to convert to a larger
use of this valuable "home-grown" natural resource.
Wouldn't it be nice to be able to ignore the mullahs in Iran as demand for
the only thing they have to sell of any value evaporates up into smoke.
Look at this price chart of natural gas and see what American ingenuity and
technology can do when once it is unfettered and allowed to thrive. I for
one am thankful th... more »
Bubble/No Bubble - And Happy 2012
Dave in Denver at The Golden Truth - 7 hours ago
*I don't know that it happens right away, but I think the "snap-back" move
we get in the sector will shock a lot of people, even long-time metals and
mining stock participants.*
I have never ever in close to 30 years of observing, studying and
participating in all aspects of the financial markets seen an investment
opportunity in which the fundamentals that support the undervaluation of an
investment sector permeate every aspect of the system AND in which these
fundamentals are right out in the open for everyone to examine - and yet,
the same fundamentals and evidence are ignored ... more »
US Dollar looks to squeak out a Winning Year
Trader Dan at Trader Dan's Market Views - 8 hours ago
The Dollar is being sold down today in the year's last trading session as
bulls book profits and window dress their accounts after the nice run
higher over the last two months in the greenback.
This is allowing the commodity complex in general to rally and is
benefitting both gold and silver.
Reading too much into one day's trading action at this time of the year is
generally not wise. Volume is simply too low to validate any moves and with
liquidity quite low, it does not take much in the way of order size to move
these markets around. Also, some of the pit locals particularly are ... more »
Friday Humor: Unspinning The "€100 Bill" Or How The European Bailout REALLY 'Works'
By now everyone has heard the parable explaining how the entire European bailout, courtesy of near-infinite fractional reserve banking, can be taken care of using one €100 bill. Or so the yet again flawed economist thinking went. Unfortunately, this was just a parable, and a massively flawed one at that. As the below interaction between a ZH reader and his broker elucidates, here is what this idealized story would look like in the real world, that as we explained before, is drowning in about $21.2 trillion in excess debt.Guest Post: New Asian Union Means The Fall Of The Dollar
The genius of globalization is not in how it “works”, but in how it DOESN’T work. Globalization chains mismatched cultures together through circumstance and throws us into the deep end of the pool. If one sinks, we all sink, enslaving us with interdependency. The question one must ask, then, is if all sovereign economies are currently tied together in the same way? The answer is no, not anymore. Certain countries have moved to insulate themselves from the domino effect of debt implosion, one of the primary examples being China. Since at least 2005, China has been taking the exact steps required to counter the brunt of a global debt collapse; not enough to make it untouchable, but enough that its infrastructure will survive. One could even surmise that China’s actions indicate a foreknowledge of the events that would eventually escalate in 2008. How they knew is hard to say, but if the available evidence causes you to lean towards collapse as a Hegelian creation (and it should if you are paying any attention), then China’s activity begins to make perfect sense. If a globalist insider told you that in a few short years the two most powerful financial empires in the world were going to topple like bowling pins under the weight of their own liabilities, what would you do? Probably separate yourself as much as possible from the diseased dynamic and construct your own replacement system. This is what China has done…
Mayer Amschel Bauer Rothschild, founder of the International Banking House of Rothschild said:
“Let me issue and control a nation’s money and I care not who writes the laws.”
The Rothschild brothers, already laying the foundation for the Federal Reserve Act, wrote the following to New York associates in 1863:
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
In 1906, Senator Nelson Aldrich – known as the “General Manager of the Nation” because of his impact on national politics and position on the Senate Finance Committee – sold his interest in the Rhode Island street railway system to the New York, New Haven and Hartford Railroad, whose president was J. P. Morgan’s loyal ally, Charles Sanger Mellen.
Read More @ MarketOracle.co.uk
from King World News:
With
2011 coming to a close and gold and silver stabilizing after the recent
smash, today King World News interviewed acclaimed money manager
Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital
Management. KWN wanted to get his outlook for 2012 and thoughts on the
recent takedown in the metals. When asked about the action in gold,
Leeb responded, “The fact that gold has gone down, in the face of what
should be good news, has really spooked people. But there are a lot of
reasons you can have corrections, even the strongest markets have
corrections. This could have started because Paulson sold a big chunk
of his GLD.”
Stephen Leeb continues: Read More @ KingWorldNews.com
With
2011 coming to a close and gold and silver stabilizing after the recent
smash, today King World News interviewed acclaimed money manager
Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital
Management. KWN wanted to get his outlook for 2012 and thoughts on the
recent takedown in the metals. When asked about the action in gold,
Leeb responded, “The fact that gold has gone down, in the face of what
should be good news, has really spooked people. But there are a lot of
reasons you can have corrections, even the strongest markets have
corrections. This could have started because Paulson sold a big chunk
of his GLD.”Stephen Leeb continues: Read More @ KingWorldNews.com
by Eric De Groot:
While money concentration tends to follow price, it can be associated with nearly every type of market action. Most often, particularly in gold and silver, money flows concentrate as price advances and declines. For example, commercial trader accumulation (long buying and short covering) and retail distribution (long selling and short selling) tends to occur as price declines. There are exceptions. Strong markets can display slow concentration during sideways chop or what Jim has described as accordion chop. Strong market, such as intensive silver buying in early 2011, can force commercial buying and short covering into strength; this condition is highly rare and illustrates extreme strain of control.
Fundamental trigger can be official or unofficial. Strong hands are accumulating gold and silver because large sums of unofficial liquidity (such as loan and currency swaps) entering the global financial system. Any official QE announcement, while perhaps surprising the public, would be little more than further public omission of an ongoing problem.
Read More @ EDeGrootInsights.Blogspot.com
While money concentration tends to follow price, it can be associated with nearly every type of market action. Most often, particularly in gold and silver, money flows concentrate as price advances and declines. For example, commercial trader accumulation (long buying and short covering) and retail distribution (long selling and short selling) tends to occur as price declines. There are exceptions. Strong markets can display slow concentration during sideways chop or what Jim has described as accordion chop. Strong market, such as intensive silver buying in early 2011, can force commercial buying and short covering into strength; this condition is highly rare and illustrates extreme strain of control.
Fundamental trigger can be official or unofficial. Strong hands are accumulating gold and silver because large sums of unofficial liquidity (such as loan and currency swaps) entering the global financial system. Any official QE announcement, while perhaps surprising the public, would be little more than further public omission of an ongoing problem.
Read More @ EDeGrootInsights.Blogspot.com
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