My e-mail box has been filled up this week with panicked owners of gold and “trolls”, it is sometimes hard to decipher which is which. I say this because the logic being employed is in some cases panic driven and in others just plain flawed, but similar nonetheless. Some who own gold assets have come to the mindset that even though they know precious metals are manipulated, they fear it will “go on forever”. The same goes even for some of the leaders in the gold community, weak knees abound. The bottom line is this, once the last once of deliverable gold is received, the game will end.
Let’s ask a few questions to put this in perspective. If your local forecaster showed you the radar of a cat5 hurricane out in the gulf moving very slowly toward you, is there anyone or anything that could get you to cancel your homeowners or flood insurance?
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WTI Crude Tumbles To $40 Handle, Fastest Plunge Since December 2014
Submitted by Tyler Durden on 11/13/2015 - 09:46 Having fallen for 7 of the last 8 days, WTI Crude just traded with a $40 handle for the first time since August 27th. Oil is now down over 14% in the last 8 days, the fastest collapse since December 2014...
Dow Drops 600 Points From Recent Highs, Gives Up Post-QE3 Gains, Breaks Key Technical Support
Submitted by Tyler Durden on 11/13/2015 - 09:35 The Dow is now down almost 600 points from last week's bounce highs and has broken notably below its 200-day moving-average. This tumble has erased all the briefly held gains since the end of QE3...
Here Are Europe's Best And Worst Performing Economies In The Third Quarter
Submitted by Tyler Durden on 11/13/2015 - 07:56 Where did Europe's Q3 weakness come from? It was broad based and pronounced led by Germany, the currency area’s exporting powerhouse, while Italian economic growth also eased. There were fresh contractions in Greece, Finland and Estonia, while Portugal’s economy stagnated.
The Last Two Times Retail Sales Were This Bad, The US Was In A Recession
Submitted by Tyler Durden on 11/13/2015 - 09:06 Amid the carnage in Macy's, Nordstrom, and JCPenney, one could be forgiven for expecting a weak retail sales print and sure enough...
Futures Extend Slide; Europe Has Biggest Weekly Drop In 2 Months; Commodities At 16 Year Lows
Submitted by Tyler Durden on 11/13/2015 - 06:52 For once, the overnight session was not dominated by weak Chinese economic data (which probably explains why the Shanghai Composite dropped for the second day in a row, declining 1.4%, and ending an impressive run since the beginning of November) and instead Europe took the spotlight with its own poor data in the form of Q3 GDP which printed below expectations at 0.3% Q/Q, down also from the 0.4% increase in Q2, with several key economies rolling over including Germany, Italy, and Spain while Europe's poster child of "successful austerity" saw Q3 GDP stagnate, far worse than the 0.5% growth consensus expected.
A Warning For Bears: Gartman No Longer "Aggressively Bullish", Is "Forced To The Sidelines"
"We fear we have been bullish over the course of the past several weeks… indeed rather aggressively so… and did not pay sufficient heed to the warning signs of lesser volume. We are not wise enough to say that a bear market is now upon us, and indeed we are wise enough NOT to say that but discretion is the far better part of valor and the safety of the sidelines after several weeks of real bullishness on our part is to be sought."- Dennis Gartman
Key Manufacturing Industry Crumbles To Post-Crisis Lows
Submitted by Tyler Durden on 11/13/2015 - 09:13 The past few weeks have brought a resurgence of the deflation theme. All matters of commodities and their associated equities have, to varying degrees, resumed the selling pressure that has characterized much of the past 18 months. The aluminum industry is no exception. In fact, using the Dow Jones U.S. Aluminum Index as a gauge, aluminum stocks closed today at their lowest levels since April 2009.
What Rate Hike: Annual PPI Drops Most On Record Even As Gas Prices Rise In October
Submitted by Tyler Durden on 11/13/2015 - 08:51 And now, the Fed is confused.
"Oil Bears May Not Hibernate" As Inventories Swell To Record 3 Billion Barrels
Submitted by Tyler Durden on 11/13/2015 - 08:15 In true stop-running algo common sense, WTI crude jumped overnight, back above $42 briefly. However, a double whammy of warnings from IEA (of a "massive cushion" of 3 billion barrels worldwide) and the highest volume of supertankers for this time of year since 2013 has sent crude sliding back below $42.filed under more BULLSHIT and LIES...
"Jihadi John" Hit By US Drone Strike; "We're 99% Sure We Got Him," Pentagon Says
In the latest attempt by Washington to prove that the US isn't entirely useless in the fight against terrorism, The Pentagon cliams an MQ-9 reaper drone strike likely killed "Jihadi John," the Kuwaiti-born Brit who became the early face of ISIS after appearing in a series of beheading videos depicting the death of Westerners.filed under Hero's...
by Michah Lee, The Intercept:
LAST MONTH,
I met Edward Snowden in a hotel in central Moscow, just blocks away
from Red Square. It was the first time we’d met in person; he first emailed me nearly
two years earlier, and we eventually created an encrypted
channel to journalists Laura Poitras and Glenn Greenwald, to whom
Snowden would disclose overreaching mass surveillance by the National
Security Agency and its British equivalent, GCHQ.
This time around, Snowden’s anonymity was gone; the world knew who he was, much of what he’d leaked, and that he’d been living in exile in Moscow, where he’s been stranded ever since the State Department canceled his passport while he was en route to Latin America. His situation was more stable, the threats against him a bit easier to predict. So I approached my 2015 Snowden meeting with less paranoia than was warranted in 2013, and with a little more attention to physical security, since this time our communications would not be confined to the internet.
Read More…
LAST MONTH,
I met Edward Snowden in a hotel in central Moscow, just blocks away
from Red Square. It was the first time we’d met in person; he first emailed me nearly
two years earlier, and we eventually created an encrypted
channel to journalists Laura Poitras and Glenn Greenwald, to whom
Snowden would disclose overreaching mass surveillance by the National
Security Agency and its British equivalent, GCHQ.This time around, Snowden’s anonymity was gone; the world knew who he was, much of what he’d leaked, and that he’d been living in exile in Moscow, where he’s been stranded ever since the State Department canceled his passport while he was en route to Latin America. His situation was more stable, the threats against him a bit easier to predict. So I approached my 2015 Snowden meeting with less paranoia than was warranted in 2013, and with a little more attention to physical security, since this time our communications would not be confined to the internet.
Read More…
by John C. Velisek, Intellectual Conservative:
In 1992 “Agenda 21” was made public by the United Nations at a UN
Conference on Environment and Development held in Rio De Janeiro and
signed by 178 countries. It had been modified many times since then.
“Agenda 21” is transforming into a new set of laws being pushed through
the United Nations. More oppressive and couched in language that hides
it true meaning, it is based on the UN’s Sustainability Goals as part of
a sustainable development goals that will complete the submission of
sovereign countries to the UN mandates.
In 1992 “Agenda 21” was made public by the United Nations at a UN
Conference on Environment and Development held in Rio De Janeiro and
signed by 178 countries. It had been modified many times since then.
“Agenda 21” is transforming into a new set of laws being pushed through
the United Nations. More oppressive and couched in language that hides
it true meaning, it is based on the UN’s Sustainability Goals as part of
a sustainable development goals that will complete the submission of
sovereign countries to the UN mandates.
The new laws called “Agenda 2030” is being finalized
at the Sustainable Development Summit” to be held in New York City from
September 25th through the 27th. Where Agenda 21 focused primarily on
the environment, the 2030 Agenda is the foundation
for governing the entire planet. It not only encompasses climate
change, but the areas of economics, health, energy, education,
agriculture, gender equality and social justice. It is being hailed by
the UN as a new universal Agenda for all of humanity.
Read More
by Mac Slavo, SHTFPlan:
There have always been squatters, but the trend may be rising.
And the growing clash of squatters and abandoned properties suggests a boom-bust housing disaster for the economy.
The phenomenon was notable after the 2006 housing bubble popped, and has resurfaced in strikingly similar circumstances for many struggling Americans.
News8 in Tampa reported on the caustic reaction by law enforcement to squatters it believes may be using a manual that has been published and sold on Amazon on strategies about how to squat, for those “willing to take the risk”:
Read More
There have always been squatters, but the trend may be rising.
And the growing clash of squatters and abandoned properties suggests a boom-bust housing disaster for the economy.
The phenomenon was notable after the 2006 housing bubble popped, and has resurfaced in strikingly similar circumstances for many struggling Americans.
News8 in Tampa reported on the caustic reaction by law enforcement to squatters it believes may be using a manual that has been published and sold on Amazon on strategies about how to squat, for those “willing to take the risk”:
Read More
The Bitter, Crushing Poverty Of Appalachia Is A Preview Of What Is Coming To The Rest Of The Country
What do you say to people that have completely lost all hope that things will ever get any better? The mountains of Appalachia stretch all the way from southern New York to northern Mississippi, and nestled within those mountains are dozens upon dozens of little towns that are so impoverished that they look like they have been through a war. Thanks to Barack Obama’s relentless assault on the coal industry and the ongoing collapse of our industrial infrastructure, Appalachia has lost millions of good paying jobs over the past several decades. Today, more than 40 percent of the population is living in poverty in some areas of eastern Kentucky, and addiction to “hillbilly heroin” (Oxycontin) is absolutely out of control throughout the region. Yes, poverty is on the rise all over America, but it has especially been cruel to those that make the mountains of Appalachia their home.
Read More…
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