from Nestmann:
I’m what people call a “contrarian” investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.
And I make it a point to sell when the “man in the street” starts giving me investment tips. That happened most recently in 2011, when over a glass of Malbec at a local watering hole, I overheard two other patrons talking about the “killing” they were about to make buying gold at $1,800 an ounce. I sold all but my core position the next day.
Since then, gold has had a tough time of it. It closed last week under $1,100 per ounce. The talking heads now predict $800 gold by the end of 2016.
Read More @ Nestmann.com
I’m what people call a “contrarian” investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.
And I make it a point to sell when the “man in the street” starts giving me investment tips. That happened most recently in 2011, when over a glass of Malbec at a local watering hole, I overheard two other patrons talking about the “killing” they were about to make buying gold at $1,800 an ounce. I sold all but my core position the next day.
Since then, gold has had a tough time of it. It closed last week under $1,100 per ounce. The talking heads now predict $800 gold by the end of 2016.
Read More @ Nestmann.com
Could Trump Win?
Submitted by Tyler Durden on 07/28/2015 - 16:45 The American political class has failed the country, and should be fired. That is the clearest message from the summer surge of Bernie Sanders and the remarkable rise of Donald Trump. But can Trump win?In overnight markets China dropped between 1% and 2%, depending on the index, but that had no impact on Europe, which was slightly higher. For some reason the SPOOs decided that today was going to be a good day, so they rallied about 0.3% overnight, but by late morning that gain had largely evaporated, with the Nasdaq lower and the Dow slightly higher.
For all intents and purposes, we are close to the end of earnings season, and I would say it has been none too great and certainly unable to power the tape much further, so we can now turn our attention to how the market does in the no-news period.
Bill Fleckenstein continues @ KingWorldNews.com
Chinese Stocks Rise After Government Injects $100bn Into Sovereign (Rescue) Fund; Sell-off 'Blame' Shifts To Hong Kong
Submitted by Tyler Durden on 07/28/2015 - 21:19 Despite the reassurances from western media and talking heads that China is unimportant (both its stock market and economy), Asian economies continue to show signs of contagion from China's slowdown as Thai exports weaken and Hong Kong trade tumbles. But it is the blame game that is top of mind tonight as Chinese regulators switch attention to Hong Kong brokers in their "investigation into malicious sellers." As SCMP's George Chen notes, first they blame a "foreign force," and now they blame Hong Kong, always careful not to blame themselves. After 3 down days, Chinese stocks look are opening slightly higher as there is little follow-through from yesterday's PPT rescue or today's panic-buying in US markets especilaly in light of an additional $100bn injection into the sovereign (rescue) fund.Ron Paul Slams Gen. Wesley Clark: Is He Kidding, Internment Camps?
Submitted by Tyler Durden on 07/28/2015 - 21:15 "Last week, Retired General Wesley Clark, called for the government to identify people most likely to be radicalized so we can 'cut this off at the beginning.' That sounds like 'pre-crime'!...These statements and others like them most likely reflect the frustration felt in Washington over a 15 year war on terror where there has been no victory and where we actually seem worse off than when we started. The real problem is they will argue and bicker over changing tactics but their interventionist strategy remains the same."
by Bill Holter, SGT Report:
While taking a short vacation last week, this article was intended to be my first one upon returning. That plan was squashed a week ago with the brutal “interventions” upon gold and silver during the illiquid overnight hours early Sunday morning. Let me add to what I wrote last Friday by saying the phrase “TIME AND SALES“! For anyone who does not know what this means, any trade on any market anywhere in the world has a “paper trail”. It is called a “time and sales report”. Very simply, it reports who traded what, in what amounts and to whom. Once the broker is identified, then regulators can query as to who the customer was for whatever trade in question. If they want to know “whodunit”, it’s quite simple.
Read More…
While taking a short vacation last week, this article was intended to be my first one upon returning. That plan was squashed a week ago with the brutal “interventions” upon gold and silver during the illiquid overnight hours early Sunday morning. Let me add to what I wrote last Friday by saying the phrase “TIME AND SALES“! For anyone who does not know what this means, any trade on any market anywhere in the world has a “paper trail”. It is called a “time and sales report”. Very simply, it reports who traded what, in what amounts and to whom. Once the broker is identified, then regulators can query as to who the customer was for whatever trade in question. If they want to know “whodunit”, it’s quite simple.
Read More…
The True Minimum Wage Is $0 Per Hour
Submitted by Tyler Durden on 07/28/2015 - 20:15 The minimum wage is not what is commonly referred, as is being proven again as parts of the US experiment directly with this boundary. In New York, fast food workers have been given a $15 per hour minimum wage which is being celebrated by the same fast food workers who will bear the brunt of the experimentation. Some of them will be happy with the results, but there will be clear losers – the full wrath of redistribution is usually unseen which is why it persists.Caught On Tape: The Moment Diver Discovers $1 Million In Gold From 300-Year-Old Spanish Shipwreck
Submitted by Tyler Durden on 07/28/2015 - 19:51 For several weeks the Schmitt family had a million-dollar secret on their hands. Last month, it recovered $1 million worth of sunken Spanish coins and jewels off the Florida coast. The Schmitts are subcontractors to 1715 Fleet-Queens Jewels LLC which since 2010 has the salvaging rights to a fleet of Spanish ships, aka the "1715 Fleet", that wrecked off the Florida coast some 300 years ago. While $50 million has been pulled in from the fleet’s resting place so far, this is so far the biggest single haul. The moment of euphoric discovery has been caught on tape, and yes, the diver sounds just a little more excited than were he to discover pet rock.Today's Anti-Capitalists Ignore The Fundamental Problems Of Socialism
Submitted by Tyler Durden on 07/28/2015 - 19:15 When people are hungry and unhappy, the state cannot survive if the people know others are better off. The state uses propaganda, misinformation, and censorship to make an already captive citizenry even more confused and submissive.The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral
Submitted by Tyler Durden on 07/28/2015 - 18:45 "The rise of China’s currency on global markets is arguably the most significant development in currency trading since the introduction of the euro in 1999."The End Draws Near For Syria's Assad As Putin's Patience "Wears Thin"
Submitted by Tyler Durden on 07/28/2015 - 17:45 In a defiant speech delivered over the weekend, Syria's Bashar al-Assad insisted that "defeat ... does not exist in the dictionaries of the Syrian Arab army," even as the strongman admitted that his military faced a debilitating shortage of manpower. Meanwhile, WSJ says Russian officials are "showing more openness to discussing alternatives to Mr. Assad as his regime loses territory."If I was going to waste my time watching the Mentally Defective...I would watch C-Span...
There May Be Hope For The U.S. Yet: Caitlyn Jenner's Reality Show "No Ratings Bonanza"
Submitted by Tyler Durden on 07/28/2015 - 17:17 According to Nielsen data, almost three times as many Americans watched "Celebrity Family Feud" on ABC that night. The audience for "I am Cait" also suffered a marked drop from the almost 8 million people who watched the ESPY awards show on television two weeks ago on which Jenner, 65, was presented the Arthur Ashe courage award."Twitter Surges, Then Fades After Hours On User Growth Confusion: The Full Quarter In 6 Charts
Submitted by Tyler Durden on 07/28/2015 - 16:22 Update: *TWTR'S NOTO: THIS IS BOTH A PRODUCT ISSUE AND A MARKETING ISSUE, DOESNT SEE SUSTAINED GROWTH IN MAUS UNTIL REACH MASS MKTJust like on previous quarters, TWTR decided to use a gimmick when counting users, to wit: "Average Monthly Active Users (MAUs) were 316 million for the second quarter, up 15% year-over-year, and compared to 308 million in the previous quarter. The vast majority of MAUs added in the quarter on a sequential basis came from SMS Fast Followers. Excluding SMS Fast Followers, MAUs were 304 million for the second quarter, up 12% year-over-year, and compared to 302 million in the previous quarter." It took algos a few minutes to digest this fact, and as a result what was initially a solid 10% spike after hours, fizzled almost entirely, and as of this moment the stock had cut its after hours gains notably.
Drivers, Beware: The Costly, Deadly Dangers Of Traffic Stops In The American Police State
Submitted by Tyler Durden on 07/28/2015 - 22:05 Clearly, the language of freedom is no longer the common tongue spoken by the citizenry and their government. With the government having shifted into a language of force, “we the people” have been reduced to suspects in a surveillance state, criminals in a police state, and enemy combatants in a military empire.
from SRS Rocco:
There is a rising trend in the silver market that has the bankers worried. This may seem like a play on hype, but I can assure you… the facts are clear. If we look at the data in the silver market, there was a distinct change that took place in 2008. Basically, the U.S. Banking system died in 2008 and more investors are finally catching on.
Before I show you the silver chart, let’s look at some of the nonsense taking place in U.S. published financial data. According to the EIA – U.S. Energy Information Agency, supplies of diesel product to the U.S. market peaked in 2007 at 4.27 million barrels per day (mbd) and declined 11% to 3.82 mbd in 2014. These figures represent the average annual amount of diesel supplied to the U.S. Market:
Read More…
There is a rising trend in the silver market that has the bankers worried. This may seem like a play on hype, but I can assure you… the facts are clear. If we look at the data in the silver market, there was a distinct change that took place in 2008. Basically, the U.S. Banking system died in 2008 and more investors are finally catching on.
Before I show you the silver chart, let’s look at some of the nonsense taking place in U.S. published financial data. According to the EIA – U.S. Energy Information Agency, supplies of diesel product to the U.S. market peaked in 2007 at 4.27 million barrels per day (mbd) and declined 11% to 3.82 mbd in 2014. These figures represent the average annual amount of diesel supplied to the U.S. Market:
Read More…
In a speech to African Union leaders on Tuesday, US President Barack Obama brazenly stated “I’m a pretty good president… If I ran again, I could win.” Obama made the remarks as a way of ridiculing African leaders who have refused to step aside at the conclusion of their terms in power.
“Now, let me be honest with you,” Obama said. “I do
not understand this. I am in my second term. It has been an
extraordinary privilege for me to serve as the President of the United
States. I cannot imagine a greater honor or a more interesting job. I
love my work. But under our Constitution, I cannot run again.”
“There’s a lot that I’d like to do to keep America
moving, but the law is the law.” Obama added. As far as a third Obama
term goes, even if the Constitution were to be changed, less than half of America thinks he’s doing a good job in his second term.
Read More @ Infowars.com
by Pam Martens and Russ Martens, Wall Street on Parade:
According to the Office of the U.S. Trade Representative, “China was the United States’ 3rd largest goods export market in 2013.” That’s the latest year that data is available. The total of U.S. exports to China in 2013 reached $122.1 billion, a 10.4 percent increase over 2012.
The top categories of goods that we export to China are: agricultural products, $25.9 billion; aircraft, $12.6 billion; machinery, $12.2 billion; electrical machinery, $11.4 billion; and vehicles, $10.3 billion.
According to a March report from FactSet, “companies in the S&P 500 in aggregate generate about 10 percent of sales from the Asia Pacific region, most of which comes from China and Japan.”
Read More @ WallStreetonParade.com
According to the Office of the U.S. Trade Representative, “China was the United States’ 3rd largest goods export market in 2013.” That’s the latest year that data is available. The total of U.S. exports to China in 2013 reached $122.1 billion, a 10.4 percent increase over 2012.
The top categories of goods that we export to China are: agricultural products, $25.9 billion; aircraft, $12.6 billion; machinery, $12.2 billion; electrical machinery, $11.4 billion; and vehicles, $10.3 billion.
According to a March report from FactSet, “companies in the S&P 500 in aggregate generate about 10 percent of sales from the Asia Pacific region, most of which comes from China and Japan.”
Read More @ WallStreetonParade.com
by Catherine J. Frompovich, Activist Post:
“Thirteen species of salmon and steelhead are listed as endangered or threatened in the Columbia River basin.” [6]
That wonderfully healthful fish known for its precious fatty acids, salmon, is endangered by the very waters in which thousands return to spawn and produce future salmon fingerlings.
Here’s an article that talks about the ecological imbalance of the Columbia River, especially water temperature, which is reducing greatly the number of salmon, an apparently long-held dietary staple of the Northwest, including for Grizzly bears.
Read More @ ActivistPost.com
“Thirteen species of salmon and steelhead are listed as endangered or threatened in the Columbia River basin.” [6]
That wonderfully healthful fish known for its precious fatty acids, salmon, is endangered by the very waters in which thousands return to spawn and produce future salmon fingerlings.
Here’s an article that talks about the ecological imbalance of the Columbia River, especially water temperature, which is reducing greatly the number of salmon, an apparently long-held dietary staple of the Northwest, including for Grizzly bears.
Read More @ ActivistPost.com
from BPEarthWatch:
A section of today’s Blogtalk Radio Show with a call from California about current unreported seismic rumbling and possible military checkpoints on LA freeways being constructed. Link to the full 90 minute show. http://www.blogtalkradio.com/bpearthw…
A section of today’s Blogtalk Radio Show with a call from California about current unreported seismic rumbling and possible military checkpoints on LA freeways being constructed. Link to the full 90 minute show. http://www.blogtalkradio.com/bpearthw…
by Andrew Hoffman, Miles Franklin:
I’m traveling to Vancouver tomorrow morning for the Sprott/Stansberry symposium; and aside from logistics, I’d like to spend a little time with the family beforehand – particularly as Sylvie appears to have gotten some type of summer flu. That said, enough horrifying economic and market events have occurred since penning “the only difference between now and late 2008” this morning to write a miniature book, so it’s not like you’ll be short-changed with this commentary.
Between said article and this one, I taped my weekly podcast with Kerry Lutz, titled “this is it.” Which frankly, couldn’t be more appropriate; as to answer the question posed in Saturday’s Audioblog – “has the ‘big one’ commenced?” – never have I felt more confident. Does this mean “TPTB” won’t do everything in their manipulative power to kick the can as far possible? Of course not, as I’m sure I don’t have to tell you. That said, it has become so obvious “the wall” has been reached, it’s difficult to believe everyone won’t realize this before long. And by “before long,” it’s hard to believe history’s largest house of cards will stand through year-end, in my view. And no, this is not a short-term “prediction” of anything – like stock, bond, or gold prices; but instead, a dire warning of things to come, potentially far sooner than most can imagine.
Read More @ MilesFranklin.com
I’m traveling to Vancouver tomorrow morning for the Sprott/Stansberry symposium; and aside from logistics, I’d like to spend a little time with the family beforehand – particularly as Sylvie appears to have gotten some type of summer flu. That said, enough horrifying economic and market events have occurred since penning “the only difference between now and late 2008” this morning to write a miniature book, so it’s not like you’ll be short-changed with this commentary.
Between said article and this one, I taped my weekly podcast with Kerry Lutz, titled “this is it.” Which frankly, couldn’t be more appropriate; as to answer the question posed in Saturday’s Audioblog – “has the ‘big one’ commenced?” – never have I felt more confident. Does this mean “TPTB” won’t do everything in their manipulative power to kick the can as far possible? Of course not, as I’m sure I don’t have to tell you. That said, it has become so obvious “the wall” has been reached, it’s difficult to believe everyone won’t realize this before long. And by “before long,” it’s hard to believe history’s largest house of cards will stand through year-end, in my view. And no, this is not a short-term “prediction” of anything – like stock, bond, or gold prices; but instead, a dire warning of things to come, potentially far sooner than most can imagine.
Read More @ MilesFranklin.com
by Penny Starr, CNS News:
Planned Parenthood Federation of America’s Political Action Committee posted two requests on its Facebook page for supporters to sign “thank you” notes for doctors and other staff employed at its abortion clinics.
The nation’s largest abortion provider posted a request for visitors to express thanks for the organization’s staff at its clinics, which performed 327,653 abortions in one year, according to its most recent annual report. “If you appreciate the dedication, courage, and compassion of Planned Parenthood health center staff, sign and share this card to let them know!
“We are so grateful for the Planned Parenthood nurses and doctors providing health care to patients—every day, #Standwith PP,” the post added.
Read More @ CNS News.com:
Planned Parenthood Federation of America’s Political Action Committee posted two requests on its Facebook page for supporters to sign “thank you” notes for doctors and other staff employed at its abortion clinics.
The nation’s largest abortion provider posted a request for visitors to express thanks for the organization’s staff at its clinics, which performed 327,653 abortions in one year, according to its most recent annual report. “If you appreciate the dedication, courage, and compassion of Planned Parenthood health center staff, sign and share this card to let them know!
“We are so grateful for the Planned Parenthood nurses and doctors providing health care to patients—every day, #Standwith PP,” the post added.
Read More @ CNS News.com:
from KingWorldNews:
Shanghai plunged the equivalent of 1485 Dow points (on Monday). The 75 to 1 negative breadth in Shanghai is positively mind-boggling, exacerbated by the fact that hundreds and hundreds of other stocks never even opened due to extreme selling pressure. Those figures convey the image of a selloff that turned into a stampede when the mob realized that “Daddy” had not shown up to stem the tide.
Overnight And Overseas – Shanghai was relatively calm overnight with the operative word being relatively. In the morning session, it plunged 5% (875 Dow points). In the afternoon session, buying of government owned banks cut the day’s closing loss to 1.7% (295 Dow points). The small cap index did not do as well. The salvage job in Shanghai allowed Tokyo to cut early losses and close flat. Hong Kong is up a smidge. Europe is in a celebratory mode with most equities up 1.5%. That is despite new rumblings out of Greece where their bonds and ETFs are getting pounded even with the markets closed.
Art Cashin continues @ KingWorldNews.com
Shanghai plunged the equivalent of 1485 Dow points (on Monday). The 75 to 1 negative breadth in Shanghai is positively mind-boggling, exacerbated by the fact that hundreds and hundreds of other stocks never even opened due to extreme selling pressure. Those figures convey the image of a selloff that turned into a stampede when the mob realized that “Daddy” had not shown up to stem the tide.
Overnight And Overseas – Shanghai was relatively calm overnight with the operative word being relatively. In the morning session, it plunged 5% (875 Dow points). In the afternoon session, buying of government owned banks cut the day’s closing loss to 1.7% (295 Dow points). The small cap index did not do as well. The salvage job in Shanghai allowed Tokyo to cut early losses and close flat. Hong Kong is up a smidge. Europe is in a celebratory mode with most equities up 1.5%. That is despite new rumblings out of Greece where their bonds and ETFs are getting pounded even with the markets closed.
Art Cashin continues @ KingWorldNews.com
by Christina Sarich, Natural Society:
In a recently released report titled “Estimating Ebola Treatment Needs, United States,” the CDC is still playing down its latest round of fear-mongering for the virus which was “meant to infect every man, woman, and child in the US.” To date, and by their own admission there have been only 10 cases in the entire U.S.
How disappointing for the makers of the Ebola vaccine. Especially when publications like the Liberian Observer, in a piece by Dr. Cyril Broderick, expose how its “likely manufactured by Big Pharma.” Dr. Cyril Broderick is a former professor of plant pathology at the University of Liberia’s College of Agriculture and Forestry, and is on tenure as an associate at Delaware University.
Broderick claims that the Ebola virus which recently ran rampant in Western Africa was genetically modified, made in a lab by Western pharmaceutical companies, and administered to unsuspecting civilians through United Nations vaccination programs. The Washington Post called it a wild conspiracy theory, but is there actually truth to these shocking allegations?
Read More @ NaturalSociety.com
In a recently released report titled “Estimating Ebola Treatment Needs, United States,” the CDC is still playing down its latest round of fear-mongering for the virus which was “meant to infect every man, woman, and child in the US.” To date, and by their own admission there have been only 10 cases in the entire U.S.
How disappointing for the makers of the Ebola vaccine. Especially when publications like the Liberian Observer, in a piece by Dr. Cyril Broderick, expose how its “likely manufactured by Big Pharma.” Dr. Cyril Broderick is a former professor of plant pathology at the University of Liberia’s College of Agriculture and Forestry, and is on tenure as an associate at Delaware University.
Broderick claims that the Ebola virus which recently ran rampant in Western Africa was genetically modified, made in a lab by Western pharmaceutical companies, and administered to unsuspecting civilians through United Nations vaccination programs. The Washington Post called it a wild conspiracy theory, but is there actually truth to these shocking allegations?
Read More @ NaturalSociety.com
by Kerry Lutz, Financial Survival Network:
Special Monday edition with Andrew Hoffman. Get the low-down on all this and more:
Manipulation is starting to collapse!
Commodity, equity collapse!
China stock plunge, economic implosion.
Record low currencies
Surging pm demand, key reversals upward
End game in sight, everywhere!
Check out – today’s article, “the only difference between today and late 2008)”
ClickHERE to Listen
Special Monday edition with Andrew Hoffman. Get the low-down on all this and more:
Manipulation is starting to collapse!
Commodity, equity collapse!
China stock plunge, economic implosion.
Record low currencies
Surging pm demand, key reversals upward
End game in sight, everywhere!
Check out – today’s article, “the only difference between today and late 2008)”
ClickHERE to Listen
The plunging gold price has slashed margins for miners around the world, making 10 per cent of production now uneconomical.
Overnight gold dropped to its lowest point in five years, marking the tenth straight day of losses and the worst period of depreciation since 1996.
The price fell down to US$1087.10 per ounce last night, prompting many analysts to state that the metal has lost its lustre.
“We believe gold has lost its safe haven bid. It has instead become primarily a source of cash in hard times,” Robert P. Ryan, from the Bank Credit Analyst of Montreal, told Bloomberg.
Read More @ MineWeb.com
Fukushima (福島市 Fukushima-shi?, [ɸu͍̥ku͍ꜜɕima]) is the capital city
of Fukushima Prefecture, Japan. It is located in the northern part of Nakadōri, the central region of the prefecture – and the reactors there are poisoning the planet with unstoppable radiation.
from SRS Rocco:
There is a rising trend in the silver market that has the bankers worried. This may seem like a play on hype, but I can assure you… the facts are clear. If we look at the data in the silver market, there was a distinct change that took place in 2008. Basically, the U.S. Banking system died in 2008 and more investors are finally catching on.
Before I show you the silver chart, let’s look at some of the nonsense taking place in U.S. published financial data. According to the EIA – U.S. Energy Information Agency, supplies of diesel product to the U.S. market peaked in 2007 at 4.27 million barrels per day (mbd) and declined 11% to 3.82 mbd in 2014. These figures represent the average annual amount of diesel supplied to the U.S. Market:
Read More…
There is a rising trend in the silver market that has the bankers worried. This may seem like a play on hype, but I can assure you… the facts are clear. If we look at the data in the silver market, there was a distinct change that took place in 2008. Basically, the U.S. Banking system died in 2008 and more investors are finally catching on.
Before I show you the silver chart, let’s look at some of the nonsense taking place in U.S. published financial data. According to the EIA – U.S. Energy Information Agency, supplies of diesel product to the U.S. market peaked in 2007 at 4.27 million barrels per day (mbd) and declined 11% to 3.82 mbd in 2014. These figures represent the average annual amount of diesel supplied to the U.S. Market:
Read More…
from Ready Nutrition:
My husband and I decided that we wanted to do something special with our family for summer and started saving money right after Christmas was over. We scrimped and saved and were able to come up with the money for a small vacation, plus a little extra that we put away in our emergency fund. When our vacation day finally arrived, we packed our bags and got on the road. At the last minute, my husband ran into Wal-Mart to grab some last minute items. As I sat in the car waiting for my husband to come out, I noticed the car running erratically and the temperature gauge started fluctuating. We decided not to chance it and headed home and switched cars. When we got back from our vacation, we took the car into the shop and they estimated it was going to cost us $1,800. As shocking as that figure was, we prepared for life going awry and had an emergency fund just for that reason. If we hadn’t of been saving money, we would have been in a world of hurt.
Read More @ ReadyNutrition.com
My husband and I decided that we wanted to do something special with our family for summer and started saving money right after Christmas was over. We scrimped and saved and were able to come up with the money for a small vacation, plus a little extra that we put away in our emergency fund. When our vacation day finally arrived, we packed our bags and got on the road. At the last minute, my husband ran into Wal-Mart to grab some last minute items. As I sat in the car waiting for my husband to come out, I noticed the car running erratically and the temperature gauge started fluctuating. We decided not to chance it and headed home and switched cars. When we got back from our vacation, we took the car into the shop and they estimated it was going to cost us $1,800. As shocking as that figure was, we prepared for life going awry and had an emergency fund just for that reason. If we hadn’t of been saving money, we would have been in a world of hurt.
Read More @ ReadyNutrition.com
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