Friday, September 22, 2017

Big Data Leaks Threaten The Western World


Max and Stacy discuss ‘big data’ making the case for crypto by allowing for single point of failure leaks of vital, private information. Max interviews James Howard Kunstler about the hot mess of US climate change policy and infrastructure spend.

- Source



Wednesday, September 20, 2017

Gold Shows Resilience After Upbeat Inflation Data


Despite the upbeat U.S. inflation data Thursday, Kitco’s Peter Hug points out that gold prices remain resilient. The U.S. Consumer Price Index rose 0.4% in August, higher than expected, which investors saw as more ammo for the Federal Reserve to raise interest rates this year. 

Gold prices fell to daily lows on the news but later moved higher, which to Hug is a positive sign. ‘I think traders bought the dip. You need to buy these dips,’ he said. ‘I’m still firm in my belief the Fed is not going to move in September.’

- Source, Kitco News

Monday, September 18, 2017

Rob Kirby: Silver is the Most Undervalued Asset in the World


Forensic macroeconomic analyst Rob Kirby says people should be looking to buy gold and silver for protection because it’s still relatively cheap compared to the exploding value of some crypto currencies. 

Kirby explains, “When you look at the price differential between silver and gold, you see an ounce of silver selling for around $18, and you see an ounce of gold going for $1,340, and that means you would need to sell 75 ounces of silver to buy one ounce of gold. The ratio in nature suggests you should be able to sell eight ounces of silver to buy one ounce of gold. This tells me one of those two prices is very wrong. 

Either silver is too cheap or gold is too expensive. I don’t think gold is too expensive because I think it’s undervalued too. That leads me to believe that silver is insanely priced and probably the most underpriced asset on the planet. 

I think silver will be going up in price much more than gold, even though gold is going to go up in price dramatically.”


Sunday, September 17, 2017

Bitcoin Is No Safe Haven, It's Risky Business Warns Jeff Christian


Bitcoin is a pet rock. Jeff Christian, managing director for New York based CPM Group did not mince words when it comes to the cryptocurrency. 

'Bitcoin is the ultimate pet rock,’ he told Kitco News Friday. ‘I think it’s just a gigantic speculative play, it has no tangible asset behind it. It’s a scandal waiting to happen.’ 

The longtime precious metals expert says he prefers gold because it is a more ‘legitimate’ asset class. ‘What you are seeing is speculative players buying bitcoin,’ he said. ‘Just because you make money on it doesn’t mean it’s a legitimate activity.’

- Source, Kitco News

Saturday, September 16, 2017

Keiser Report: RIP, Petrodollar?Keiser Report: RIP, Petrodollar?


In this episode of the Keiser Report, Max and Stacy ask, “RIP, Petrodollar?” China readies a yuan-priced oil benchmark backed by gold. Is this the final nail in the dollar’s coffin? In the second half, Max interviews Michael Pento of PentoPort.com to discuss the oil-gold-yuan futures contract, North Korea, hurricanes and coming market meltdowns.

- Source, Russia Today

Friday, September 15, 2017

St. Angelo: Doomsday for the US dollar is Fast Approaching


China plans to trade oil gold-backed Yuan. This is a major death nail for the petrodollar. St. Angelo says countries will no longer need there US Treasuries. Massive bond dumping will take place, causing high inflation. 

What does this all mean for precious metals? He says gold and silver should continue rising. St. Angelo also reveals the recent spike in American Silver Eagle sales shows a major shift in the silver market.


Wednesday, September 13, 2017

The Final Nails Are Being Hammered Into The US Dollar Coffin


Gregory Mannarino discusses the slow decline of the US dollar and how its days are ultimately numbered. The fiat system is growing increasingly unstable and if you are not preparing for its ultimate decline, then you will be left behind in the dust, possibly losing everything in the process.

Take heed and take notice, you have been warned. Gregory Mannarino explains more.




Monday, September 11, 2017

This Indicator is Indicating $200 Silver, Very Soon


BrotherJohnF tells Silver Doctors why silver is headed to $200/oz. The silver market’s Monthly MACD is turning upward toward the zero line. The last time the Monthly MACD broke above the zero line, silver rose from $5 to nearly $50. 

If the Monthly MACD continues higher and breaks through the zero line once again, John expects a ten-fold increase, placing silver around $200/oz. Also discussed in this interview is China's recent outlawing of ICOs (Initial Coin Offerings.) John says the Powers That Be are petrified of cryptocurrencies. “If they don’t control money, their power is severely withered away - if not wiped out.”

- Source, SD Bullion

Saturday, September 9, 2017

Gold Won’t Shoot Up Like A Rocket, But That’s A Good Thing


Gold prices have not shot up dramatically on heightened geopolitical tensions instead, they’ve been steadily rising and to longtime investor John Doody, this is a good sign. ‘It’s not going up like a rocket, which is good. 

I think a steady progression higher is exactly what the metal needs,’ he told Kitco News Friday. ‘$1,900 gold was an overshoot, there were too many speculators in the party and gold proved to be unstable at that price.’ 

Now that gold is trading above $1,300 an ounce, the Gold Stock Analyst founder said mining companies are better positioned to profit investors. ’It’s good to see companies re-establishing and raising dividends. We don’t need gold to be a good speculation, we need it to be a good investment.’


Thursday, September 7, 2017

Economic War With China?


In this special double-header episode, Max and Stacy discuss Germany repatriating €24 billion worth of gold from New York and the US administration finally realizing it is already at economic war with China. They also discuss 'enlightened' Silicon Valley sorts who 'feel' they are inclusive despite the data proving they are not.

- Source, Russia Today

Tuesday, September 5, 2017

Why Jim Rickards Thinks Gold Is About to Get Revalued Soon

Last week featured two unusual stories on gold — one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money.

They show that while politicians publicly disparage gold, they quietly pay close attention to it.

The first strange gold story involves Germany…

The Deutsche Bundesbank, the central bank of Germany, announced that it had completed the repatriation of gold to Frankfurt from foreign vaults.

The German story is the completion of a process that began in 2013. That’s when the Deutsche Bundesbank first requested a return of some of the German gold from vaults in Paris, in London and at the Federal Reserve Bank of New York.

Those gold transfers have now been completed.

This is a topic I first raised in the introduction to Currency Wars in 2011. I suggested that in extremis, the U.S. might freeze or confiscate foreign gold stored on U.S. soil using powers under the International Emergency Economic Powers Act, the Trading With the Enemy Act or the USA Patriot Act.

This then became a political issue in Europe with agitation for repatriation in the Netherlands, Germany and Austria. Europeans wanted to get gold out of the U.S. and safely back to their own national vaults. The German transfer was completed ahead of schedule; the original completion date was 2020.

But the German central bank does not actually want the gold back because there is no well-developed gold-leasing market in Frankfurt and no experience leasing gold under German law.

German gold in New York or London was available for leasing under New York or U.K. law as part of global price-manipulation schemes. Moving gold to Frankfurt reduces the floating supply available for leasing, making it more difficult to keep the manipulation going.

Why did Germany do it?

The driving force both in 2013 (date of announcement) and 2017 (date of completion) is that both years are election years in Germany. Angela Merkel’s position as chancellor of Germany is up for a vote on Sept. 24, 2017. She may need a coalition to stay in power, and there’s a small nationalist party in Germany that agitates for gold repatriation.

Merkel stage-managed this gold repatriation with the Deutsche Bundesbank both in 2013 and this week to appease that small nationalist party and keep them in the coalition. That’s why the repatriation was completed three years early. She needs the votes now...

- Source, James Rickards, Read the Full Article Here

Monday, September 4, 2017

Technical Researcher Louise Yamada Sees a Big Breakout Coming for Gold

Louise Yamada sees a big breakout coming for gold from CNBC.

Can gold push to $1,400? A look at gold's shining rally, with technician Louise Yamada, CNBC's Jackie DeAngelis and the Futures Now traders.

- Source, CNBC

Saturday, September 2, 2017

SMOKING GUN PROOF: No Free Press & No Free Markets


Gold & silver suppression & media blackouts: are they conspiracy theories or proven facts? What words of wisdom can be gained from one of the most senior analysts in the precious metals markets, reflecting across decades of experience? Bill Murphy, co-founder of the Gold Anti-Trust Action Committee (GATA.org) shares his essential takeaways from years of penetrating research and investigation, and exposes what keeps him on a crusade for truth and unhindered markets. Murphy believes that both truth and free markets will finally erupt into the light of day, bringing justice to criminals who have ridden on the backs of honest people!


Thursday, August 31, 2017

The Economic Collapse of Venezuela


Venezuela was once the richest country in Latin America.
It has the largest known oil reserves in the world. But today, Venezuela’s democratic institutions and its economy are in shambles.

The country has the highest inflation in the world, making food and medicine inaccessible to most Venezuelans.

Over the last four years, its GDP has fallen 35%, which is a sharper drop than the one seen during the Great Depression in the US.

The country’s murder rate has surpassed that of the most dangerous cities in the world.

These conditions have sparked months of protests against the president, Nicolas Maduro. And it’s easy to see why: the country has become measurably worse since his election in 2013.

- Source, Vox

Wednesday, August 30, 2017

John Embry: Annual Gold Mining Supply Will Fall Even if Gold Prices Rise Substantially




Jason Burack of Wall St for Main St for Main St interviewed returning guest, Chief Portfolio Strategist at Sprott Asset Management, John Embry. John has over 40 years experience professionally managing money including producing industry leading returns managing a stock portfolio of gold stocks and resources stocks.



Monday, August 28, 2017

Bitcoin’s going to be worth a trillion dollars soon!


In this episode of the Keiser Report Max and Stacy discuss the Trump administration starting some trade wars - from renegotiating Nafta to looking at China’s treatment of ‘intellectual property’. They also discuss the trillions in unexploited mineral resources in North Korea. 

In the second half Max interviews Dan Collins of TheChinaMoneyReport.com to discuss the ‘Doklam Transgression’ and the ‘Line of Actual Control’. The media has largely ignored the confrontation between India and China but will they notice if a hot war breaks out?

- Source, RT

Wednesday, August 23, 2017

Rob Kirby Guides Us Over the Crypto Bridge from Fiat Land to Gold & Silver


Rob pulls no punches on the latest developments in the fiat US dollar currency crisis and fall of the American Empire…

Rob Kirby joins Reluctant Preppers do discuss the latest developments on the late stages of the collapse of the American Empire and the fall of the US Dollar.

- Source, Rob Kirby

Monday, August 21, 2017

David Stockman Sees the Swan and It’s Not Black

Don’t Forget About The Red Swan

Given the anti-Trump feeding frenzy, we continue to believe that a Swan is on its way bearing Orange. But if that’s not enough to dissuade the dip buyers, perhaps the impending arrival of the Red Swan will at least give them pause.

The chart below comprises a picture worth thousands of words. It puts the lie to the latest Wall Street belief that the global economy is accelerating and that surgingcorporate profits justify the market’s latest manic rip.

What is actually going on is a short-lived global credit/growth impulse emanating from China. Beijing panicked early last year and opened up the capital expenditure (CapEx) spigots at the state-owned enterprises (SOEs) out of fear that China’s great machine was heading for stall speed at exactly the wrong time.

The 19th national communist party Congress scheduled for late fall of 2017. This every five year event is the single most important happening in the Red Ponzi. This time the event is slated to be the coronation of Xi Jinping as the second coming of Mao.

Beijing was not about to risk an economy fizzling toward a flat line before the Congress. Yet that threat was clearly on the horizon as evident from the dark green line in the chart below which represents total fixed asset investment.

The latter is the spring-wheel of China’s booming economy, but it had dropped from 22% per annum growth rate when Mr. Xi took the helm in 2012 to 10% by early 2016.

There was an eruption as dramatized in the chart. CapEx growth suddenly more than doubled in the one-third of China’s economy that is already saturated in excess capacity. The state owned enterprises (SOE) in steel, aluminum, autos, shipbuilding, chemicals, building equipment and supplies, railway and highway construction etc boomed.

It was as if a switch had been flicked on by Mr. Xi himself, SOE CapEx soared back toward the 25% year-over-year rate by mid-2016, keeping total CapEx hugging the 10% growth line.

However, you cannot grow an economy indefinitely by building pyramids or any other kind of low-return/no return investment – even if the initial growth spurt lasts for years as China’s had.

Ultimately, the illusion of Keynesian spending gets exposed and the deadweight costs of malinvestments and excess capacity exact a heavy toll.

If the investment boom that was financed with reckless credit expansion is not enough, as was the case in China where debt grew from $1 trillion in 1995 to $35 trillion today, the morning-after toll is especially severe and disruptive. This used to be called a “depression.”


China’s propagated spurt in global trade and commodities was artificial and short-term. It was done to flatter China’s rulers at the 19th party congress.

Now that a favorable GDP glide path has been assured, China’s planners and bureaucracy are already back at it trying to find some way to reel in its runaway credit growth and bloated economy before it collapses.

Downside Surprises in China Are Virtually Baked In

The sell-by date has expired on this latest China credit impulse, as evident in the chart below. During the first quarter of this year, total social financing (bank credit plus shadow banking loans) reached the incredible rate of $4 trillion per annum. That’s nearly one-third of China’s entire GDP.

The figure scared the daylights out of leadership in Beijing, who have now moved forcefully to reel in China’s debt machine.

What is coming down the pike is the great China Debt Retrenchment. Expect a global braking motion that will get underway once Mr. Xi dramatically consolidates his power at the 19th party congress.


This has the potential to drastically weaken the global economy – and the impact on corporate profits should not be underestimated.

The Red Swan Has Now Gone Berserk

Half of the world’s GDP growth since the 2008 crisis has been in China, and that, in turn, was purchased by the greatest credit eruption in recorded history.

As China’s nominal GDP was more than doubling from $4.6 trillion in 2008 to $11.2 trillion in 2016, its national leverage ratio soared from 175% of GDP to 300% in less than a decade.

There’s reason to seriously doubt that Beijing can bring the Red Ponzi to a soft landing. It cannot and will not permit the nation’s debt load to quadruple again during the next eight years, meaning that China’s days as the world’s ultimate stimulus machine are over.



The fading of the most recent China growth impulse will soon reveal that most countries, to adapt Warren Buffet’s famous metaphor, have been swimming naked from a fiscal perspective. It has left the world vulnerable to a renewed wave of funding crises as the ECB and other central banks attempt to launch monetary normalization.

In sum, during the last 19 months the Red Ponzi propagated a false upturn in the global economy that is already decisively reversing. This comes at the same time that central banks of the major developed world economies are finally bringing their printing presses to a halt.

The major central bankers have finally recognized that at $22 trillion on central bank balance sheets have become egregiously extended. China is the epicenter of the world’s two decade plunge into central bank monetary fraud and credit explosion. They have deformed and destabilized the very warp and woof of the global economy.

So, yes, even as the Orange Swan stumbles toward the Donald’s White House, there is a Red Swan following closely behind.

- Source, David Stockman

Sunday, August 20, 2017

You Are Being Lied To About “Low” Gold Demand

I don’t like to use inflammatory language, such as the title of this article, but the message from the mainstream media about gold demand is misleading.
Yes, coin purchases in North America are down compared to last year (a record-setting year, by the way). It’s been soft at a few other Mints as well, such as Perth.
But Eagle and Kangaroo purchases aren’t the whole market. You and I don’t buy paper gold products, for example, but throw in demand from this part of the industry and a very different picture emerges from the dour headlines you see from mainstream sources.
Let’s face it, some investors are going to opt for paper gold—so if we want an accurate picture of gold demand we have to include all sources. I know this seems obvious, but sometimes journalists favor headlines that are are sensational.
Here is an update on the various segments of gold (and silver) demand from around the world. See if this portrays a different message than the one you’ve been hearing. It might even make you feel emboldened…

Gold ETP Demand: Off the Charts

Add up all the gold exchange-traded products (ETPs) around the world and you’ll find that the first half of the year has been a knockout. Global ETPs (which includes ETFs like GLD) saw inflows of $245 billion in the first six months of 2017, a new and lofty record.
This is a LOT more than the first half of last year. Or most years. Look how it compares to the average level of demand over the past decade.
Keep in mind that as the chart shows, we haven’t got to what is typically the strongest part of the year.
Here’s another way to look at just how robust current demand is for gold ETPs. This chart compares the first half of 2017 to ALL of 2016.
What’s especially impressive is that $245 billion would be the second-largest FULL year amount on record. If the current pace continues, ETP inflows could reach a whopping $500 billion by year end.
This clearly signals that institutional investors—the primary buyers of gold ETPs—see a crucial need to have exposure to gold.

Silver ETFs: Record Holdings (Again)

It’s pretty straightforward: total global silver ETF holdings reached yet another record level last month. There simply has been no letup in investors buying silver ETFs.
This is not the behavior you would see if investors didn’t think there was strong potential in silver.

European Gold ETFs: Can’t Get Enough

Holdings in gold ETFs based in Europe just reached a new record level.
Demand for gold is so strong in Europe that these ETFs represented 76% of all net global inflows in the second quarter.
It’s rather obvious that European investors see an ever-growing need to have exposure to gold right now.

China: More Physical, Please

Chinese gold ETFs saw net outflows in the first half of 2017, but coin and bar demand was up a remarkable 56% over last year. Total gold consumption grew almost 10%, and physical withdrawals from the Shanghai Gold Exchange in July were the 3rd highest ever for that month.
The China Gold Association said that “Physical gold is playing an increasingly important role in Chinese residents’ investment portfolio… gold is broadly favored by investors as a store of wealth, as global markets become more fragile, the Federal Reserve raising interest rates, and increasing geopolitical uncertainty.”
The Association estimates that demand for the year may exceed 1,000 tonnes, which would be the highest level in four years. Gold production in the country, by the way, is down 6% so far, similar to what is happening almost everywhere.
As for silver, customs data shows that 1,984 tonnes were imported in the first half of the year, 37% more than last year. It was also the highest level of imports for the first six months since 2010.
Most headlines I see about China reference lower demand, but that is clearly not the full picture.

India, Turkey, Vietnam: Don’t Forget Us

Gold demand in India was up 26%, the third consecutive quarter of higher volumes. And imports in July more than doubled.
Retail investment in Turkey has surged, hitting its highest level since 2013.
Gold demand was flat in Vietnam, but the government just introduced a measure to remove much of the red tape surrounding gold bars. As such, state banks will soon be able to import gold bullion directly, which will likely lead to a spike in demand.
There is no letup in interest for gold in these countries.

Physical Demand: Resurging

And don’t look now, but the US Mint just reported that silver coin sales were up big last month, from 986,000 Eagles sold in June to 2.27 million in July, a jump of 130%. Overall sales are still subdued for gold, after 2016’s banner year, but silver sales last month were actually 65.7% higher than July 2016.
Meanwhile, UK dealer BullionVault reported an interesting anecdote about demand in early July: it said its record gold holdings are now so high that they could make more than 10 million 18-carat wedding rings, or supply the microchips for 1.5 billion iPhones.

Which Message Do You Listen To?

If an investor gages the status of the gold market by popular headlines, they might come to the wrong conclusion. And take the wrong action. They might assume interest in gold is on the decline, or that the price may fall, or maybe even sell their holdings.
But if global gold demand is actually much stronger than what is generally reported, the opposite conclusions are drawn: more people than ever want to hold gold right now, and the price will ultimately head higher once the fears those investors have begin to play out. And they’d take the opposite action: continue to denominate their savings in physical metal.
Based on a look at the total gold market, the latter message is clearly more accurate.
As such, I encourage you to do what we’re doing: accumulate gold coins and gold bars, while prices are subdued, premiums are low, and supply is plentiful. Someday, every one of those factors will be just the opposite—higher metals prices, expensive premiums, and sporadic availability.
Regardless of mainstream headlines, don’t lie to yourself about how much gold you’ll need or what’s ahead for the precious metals market.

Friday, August 18, 2017

Gold Price Rally Imminent: New MSM Hit Piece Just Out

Only Missing One Key Component…

Mainstream Media is out with a hit piece on gold today, and Market Watch wants you to know it’s gonna get ugly in gold right from the title:

Gold price on pace to fall the most in 6 weeks after strong data, easing geopolitical tension

The usual suspects are out in full force.WE have excellent retail sales coming in, a more warn, welcoming geo-political landscape on the world stage, and it seems like, other than a few big names losing it, the United States is looking to heal itself from the Virginia violence over the weekend.

Therefore, following cue coming off a strong week for gold prices (and silver prices) last week, we get things like this from the article:

Gold futures, which retreated for a second straight session early Tuesday, were on pace for their steepest daily drop in about six weeks as data on retail sales and U.S. manufacturing came in better than expected

On Tuesday, tensions between Pyongyang and Washington saw further cooling as North Korean leader Kim Jong Un announced that he wouldn’t launch a ballistic-missile attack on the U.S. territory Guam

Solid economic reports early Tuesday, however, bolstered appetite for assets considered risky. A gauge of New York-area manufacturing soared to 25.2, marking a three-year high in August, a reading on retail sales surged 0.6% in July, while readings for June were increased to 0.3% from 0.2%. Meanwhile, a report on import prices showed an increase of 0.1% in July.

Another factor yanking precious metals lower was a steadily rising U.S. dollar.

We need not tell anybody here at SD how the dollar is doing, and this chart pretty much speaks for itself, but for the sake of welcoming new readers into the community, well, yeah:


Silverbugs know what that channel means, and it means. Good luck with that strong dollar argument.

- Source, SD Bullion

Wednesday, August 16, 2017

Paradigm Shifts and Trend Reversals


Max & Stacy discuss Obamacare death spirals and towns left to die post-trade deals. In the second half, Max continues his interview with Gerald Celente of TrendsResearch.com about paradigm shifts: from cryptocurrencies to electric cars.

- Source, RT

Monday, August 14, 2017

Bitcoin Skyrockets Over $4000 in Sneak Peak of What Is Coming to Gold & Silver

While many of the largest cryptocurrencies are fading modestly this morning, Bitcoin is holding on to dramatic agains which saw the largest virtual currency spike to as high as $4190 as Yen, Yuan, and Won trading activity dominated volumes.

Bitcoin Cash remains in 4th place overall by market cap but Bitcoin is the only currency higher among the top 5 this morning.




Soaring past $4000…


As CoinTelegraph reports, the trading of Bitcoin in Japanese yen has accounted for almost 46 percent of total trade volume worldwide. The trading of Bitcoin in US dollar accounted for around 25 percent, while the trading of Bitcoin in South Korean won and Chinese yuan accounted for approximately 12 percent each.

Additionally, anticipated demand is being priced in after VanEck filed for an ‘active strategy’ Bitcoin ETF:
The Fund seeks to achieve its investment objective by investing, under normal circumstances, in U.S. exchange-traded bitcoin-linked derivative instruments (“Bitcoin Instruments”) and pooled investment vehicles and exchange-traded products that provide exposure to bitcoin (together with Bitcoin Instruments, “Bitcoin Investments”).

The Fund is an actively managed exchange-traded fund (“ETF”) and should not be confused with one that is designed to track the performance of a specified index.

The Fund’s strategy seeks to provide total return by actively managing the Fund’s investments in Bitcoin Investments.

Bitcoin’s solid performance in early August reflected that of gold’s amidst the selloff in stocks and bonds around the world due to the growing apprehensions over North Korea’s nuclear threat.


And the latest moves this weekend in the crypto world suggest gold will open well north of $1300 tonight.

- Source, Zero Hedge

Saturday, August 12, 2017

Jeff Clark: More Reasons Than Ever to Own Gold and Silver


Our old friend Jeff Clark joined us today for a close look at the precious metals markets. Jeff, formerly of Casey Research, is now with GoldSilver.com, a place that suits him quite well. While the more things change, the more they stay the same, this time really is different. The political system has no ability to address and solve the current economic problems. In fact, the system is trying to do the opposite, by denying their existence and refusing to deal with existential issues. If that's not a reason to own gold and/or silver, then you need to rethink everything now.

- Source, FSN

Friday, August 11, 2017

Michael Pento interviews John Tamny: "Who Needs The FED?"


Michael Pento interview John Tamny. John is the Political Economy editor at Forbes, senior economic adviser to Toreador Research & Trading, editor of RealClearMarkets.com (RCM) and regular on Forbes on Fox. He just wrote a book "Who Needs the Fed". In this interview John offers a unique and fresh perspective on why the Fed is un-necessary – the conclusion being something he and I both agree on.

- Source, Pentonomics

Thursday, August 10, 2017

Bitcoin Buying Binge Continues, Tops $3400 For First Time As Fork Fears Subside

Bitcoin, and Bitcoin Cash, are both higher this morning as the former surges above $3400 for the first time.


Ethereum is also running higher as analysts predict a double for ether and $5000 Bitcoin price in 2018.


This morning's surge follows news over the weekend of a mysterious trader 'Spoofy' manipulating Bitcoin prices.


It is clear that post-Fork fears have now been erased:

“The miner-orchestrated hard fork has had limited traction and will not impact the price or future development of bitcoin,” said Aurelien Menant, chief executive officer of Gatecoin Ltd., a cryptocurrency exchange in Hong Kong, referring to the split.

“The activation of SegWit is a significant milestone in bitcoin’s technological evolution.”

As CoinTelegraph reports, Standpoint Research founder and analyst Ronnie Moas has previously projected that the digital currency Bitcoin will reach a price of $5,000 per token in 2018 and $50,000 in 10 years.

In his most recent interview with CNBC, he also claimed that rival currency Ethereum is also likely to increase by twofold to reach $400 during the year.

In his report published in late July 2017, Moas claimed that the cryptocurrencies will sustain their solid performance and steal some shares of other assets like stocks, bonds, fiat currencies and other precious metals in the market.

"I think investors should take a shot on this and hold for a few years. If you lose a few bucks, at least you took a shot," he said.

"In life, you miss every shot that you do not take. It will probably be more upsetting to watch it (from the sidelines) go up another 1,000 percent."

Aside from the two leading virtual currencies, Moas also forecast that the price of the digital currency Litecoin will increase by twofold to $80 per coin.

However, Bitcoin's teething troubles may not be over yet...

“The scaling debate is not over yet,” Menant added.

“The promised 2 MB block size increase due in November in accordance with the SegWit2x agreement may still be rejected by certain stakeholders.”

- Source, Zero Hedge

Wednesday, August 9, 2017

Peter Schiff and Max Keiser Bitcoin Drama


In this final episode of the Keiser Report from Freedom Fest in Las Vegas, Max and Stacy encounter Peter Schiff in the halls of the convention center and challenge him on bitcoin. Max continues his interview with bitcoin entrepreneur Charlie Shrem to discuss the latest drama and innovation in the cryptocurrency space.

- Source, Max Keiser

Tuesday, August 8, 2017

John Rubino: The Perfect Crash Indicator Is Flashing Red

What’s the last big toy you buy when things have been good for a really long time and you already have all the other toys? An RV, of course. A dubious thing to own if you already have a house, but when the good times seem likely to roll on forever, why the hell not?

And what’s the first thing you sell when you lose your job and your stocks are tanking? That very same RV. Which makes new RV sales a useful indicator of our place in the business cycle.

What does it say now? Here you go:


Notice the mini-spike in the late 1990s and the major spike in mid-2000s, both of which were followed by corrections. Now note the mega-spike from 2010 and 2016.

And how are things going so far this year? Well, the space is on fire:

‘The RV space is on fire’: Millennials expected to push sales to record highs (CNBC) – RV shipments are expected to surge to their highest level ever, according to a forecast from the Recreation Vehicle Industry Association. It would be the industry’s eighth consecutive year of gains.
Thor Industries and Winnebago Industries posted huge growth in their most recent earnings report.

Those shipments are accelerating, and should grow even more next year, the group said. Sales in the first quarter rose 11.7 percent from 2016.

Much of the growth can be attributed to strong sales of trailers, smaller units that can be towed behind an SUV or minivan, which dominate the RV market. The industry also is drawing in new customers.

As the economy has strengthened since the Great Recession, and consumer confidence improved, sales have picked up, said Kevin Broom, director of media relations for RVIA.

Two of the major players in the industry, Thor Industries and Winnebago Industries, both manufacturers of RVs, reported huge growth in their most recent earnings report. Thor saw sales skyrocket 56.9 percent to $2.02 billion fromlast year. Winnebago’s surged 75.1 percent last quarter to $476.4 million.

Gerrick Johnson, an analyst at BMO Capital Markets, attributed much of that growth to acquisitions. Thor bought Jayco, then the No. 3 player in the industry, last June; Winnebago bought Grand Design in October.

Thor stock has experienced strong growth over the past year of almost 40 percent. Winnebago tells an even better story: Its shares are up 56 percent over the past 12 months.

“They’ve done massively well because they’ve made massively creative acquisitions,” said Johnson. “Wall Street didn’t realize how creative those deals were. Each quarter they came through. The RV space is on fire, and the demand metrics are quite positive.”

What we have here is another classic short. During the past couple of recessions, RV stocks plunged as everyone came to their senses and stopped buying $60,000 motel rooms. Based on the above chart that’s a pretty good bet to repeat going forward. Let’s revisit this play in a couple of years.


Monday, August 7, 2017

US Dollar Hit AGAIN! Gold & Silver Higher. Stock Market Ripe To Fall.


After reviewing charts, discussing movement in charts and why they act the way they do I have been trying to bring some reason to the table for the past few days as it seems the “markets” may have reached a turning point. That is a dangerous statement because as most of you know and understand these “markets” are 100% rigged and the bullion banksters can move them around at will.

I wrote a couple of days ago that Thursday and Friday we needed to watch the action in several areas and pointing out several indicators that should be very positive for both gold and silver. Below is even more support for everything we have been saying since the first quarter of 2017. This should be a great year for the precious metals and now we are moving into the time of year when paper gold usually moves the most for the entire year!! Hold on tight as the next couple of months could be very exciting or they could be very ordinary. If history is any indicator we should be set up for a great autumn. Only time will tell.

The Federal Reserve Note (FRN) has been moving to the down side for several months and the past 24 hours is no different hitting a two year low...

- Source, Sprott Money

Friday, August 4, 2017

The Keiser Report: MAGA-nomics


In this episode of the Keiser Report’s annual Summer Solutions series, Max and Stacy talk to JP Sottile of Newsvandal.com about whether or not MAGAnomics will help make America Great Again. They discuss trade deals and automation: which has played more in making American jobs not so great. 

They also look at the role of opioid addiction and whether or not a universal basic income might help the likes of Mark Zuckerberg maintain monopoly-style control over the internet.


Wednesday, August 2, 2017

The Dynamics of a Riot - Jeff Thomas


In my lifetime, I’ve had the misfortune of being present in two major natural disasters and one violent social crisis. Each taught me valuable lessons.

In the aftermath of a natural disaster, there’s the danger of the loss of shelter, services and food. In most cases, people who experience the loss of shelter and services realise that “things are bad all around” and they tend to do the best they can, accepting that life will be hard for a period of time.

Food is a different matter. People, no matter how civilized, tend to panic if they become uncertain as to when they will next be able to eat. And, not surprisingly, this panic is exacerbated if they have dependents, particularly children who are saying, fearfully, “Daddy, I’m hungry.” As Henry Lewis said in 1906, “There are only nine meals between mankind and anarchy.” Quite so.

Intelligent, educated, otherwise-peaceful people can be driven to violence and even murder if the likelihood of future meals becomes uncertain. This has been the cause of spontaneous riots throughout history.

But this is not the only cause of riots. In the post 1960 period in the West, a new phenomenon has occurred that has steadily grown: governments and the halls of higher education have increasingly taught people that they are “entitled.” Governments have been guilty of this for millennia, beginning at least as early as the “bread and circuses” of ancient Rome. It’s a way for governments to get people to be dependent upon them and thereby to do their bidding. But, since the 1960’s, it’s become a systemic norm.

And it always ends in the same way. The false economy of “free stuff” eventually devolves into over-taxation and economic collapse. When it does, people are more likely to riot, as the entitlements are “owed” to them. In today’s world, however, this condition has peaked far beyond what the world has ever seen before.

Increasingly, those who are angry that the free stuff they are receiving is not enough to placate them, take to the streets. Typically, they throw rocks and Molotov cocktails, burn cars at random, destroy buildings and loot stores. All of this activity, of course, does not make it more likely that they will receive more free stuff from the authorities who presumably owe it to them. Instead, it victimizes those who have lived lawfully and with less dependence upon the state.

Riots occur for a great variety of reasons. The trigger can be something as absurd as in the 2011 Vancouver, Canada riot, in which locals became infuriated over the loss of a hockey game. Over 140 people were injured and over five million dollars in damage was done in a five–hour period. That last bit of information should be emphasized, as the fans had plenty of time to calm down after their team’s loss, but the rage, once ignited, became self-regenerating. This is one of the important dynamics of a riot that’s often overlooked. The riot, which may begin as a reaction to an event, becomes the event and is continued for its own sake.

In the same year, thousands of people rioted in London. The trigger was more serious this time – the shooting of a local man by a policeman. (Although the man had fired on police prior to being shot himself, this fact failed to deter rioters.) The riots, like most irrational retaliations, only served to cause more deaths and injuries. The riots lasted a full five days over a dozen London boroughs, then ignited further in a dozen other cities. Over £200 million in damages occurred and over 3400 crimes were logged.

There’s another dynamic that’s not revealed as it’s seen from the safety of our television screens and that is the spontaneity of a riot. For anyone who has lived through a riot, as I have, the lesson is an indelible one.

Riots, on occasion, are planned and, once they begin, there are occasions in which individuals capitalize on them (such as the riots in Ferguson Missouri, where hired rioters were bussed in). But, in most cases, they’re spontaneous. They begin as a reaction to pent-up anger. (In the Vancouver incident, the anger was building even before the hockey game had ended, but many riots, especially socially-related riots, are oftenthe result of many years of pent-up anger.)

The riot itself is generally a small spark that’s added to the existing anger and is often related to a specific event, such as the riots in US cities the night Martin Luther King was shot in 1968.

Once started, riots, for the most part, are entirely unplanned and rely on random acts of violence. Within minutes of the first violent act, entire neighbourhoods spontaneously ignite. As in the London riots, the same incident can spark off multiple riots, miles from each other.

A third often-misunderstood dynamic is uncontrolability. Police can race to the centre of a riot and, in some cases, quell the rioters, but, as the riot is not “organized,” the rioters have merely to stop whatever they’re doing and, for the moment, they cease to be participants. If police move on to other riot locations, the rioters who had been temporarily inactive could begin to riot again. Even if police are successful in quellingall violent activity in a neighbourhood, they could receive a radio call directing them to a new riot location, just blocks away.

In my own experience, new locations of violence erupting seemed to be going off all around the city, like popcorn. Before one could be quelled, others would pop up. The incidents were therefore, unstoppable by authorities.

Warfare has traditionally been approached from the standpoint that one army faces another and they fight until one surrenders. Guerilla warfare, however, has always proven unwinnable, as long as the guerillas are fighting on their home turf. Rioters have the same advantage as, say, an armed sheepherder in Afghanistan or a rice farmer in Viet Nam. The violence only ends when all rioters have decided they’ve had enough.

Of course we’d hope that rioters would learn from their crimes, but this is rarely the case. In the London riots of 2011, rioters burned down the local Sainsbury’s in their own neighbourhood. The next day, the same people were on the streets, in front of the television cameras, angrily stating that their grocery store was now gone and their children needed food. They demanded that the government truck in free food as an emergency measure and, not surprisingly, that’s what they got.

This is exemplary that, in every case, reason is abandoned and anger rules the day. No lessons are learned by the rioters. In fact, months later, rioters have often been quoted as saying, “We showed ‘em.”

So, what can we take away here? First, and most importantly, that riots are, by their very nature spontaneous, mindless and, for the most part, uncontrollable. Second, if an individual lives in or near a location where sociopolitical tension is on the increase, he is living in danger. The spontaneity of a riot means that he cannot prepare for it. If it arrives on his doorstep, or if he’s on the street at the time when it occurs, he may lose everything, including his life.

Since riots are mindless, rioters cannot be reasoned with. There’s no talking your way out of the danger, once it has reached you. Finally, as riots cannot effectively be controlled, the one and only defense against them is to conclude that, if one lives in an area where socioeconomic conditions indicate that the location (whether it be a neighbourhood or even an entire country) is an unsafe place in which to live, it may be time to move.

The key here is that the move occur before violence erupts. Once it has, it’s too late.

- Source, Jeff Thomas via Sprott Money

Tuesday, August 1, 2017

Ah, To Be A Fly On The Wall At The Next White House Staff Meeting - John Rubino


Just when you thought US politics couldn’t get any darker – what with the president openly musing about firing the attorney general who is investigating the president’s campaign – in comes new communications director Anthony Scaramucci, with a, ahem, unique critique of his new coworkers:

Scaramucci calls Priebus a ‘paranoid schizophrenic’(Fox News) – Anthony Scaramucci’s shocking, on-the-record tirade has blown the cover off long-simmering tensions between two of President Trump’s key men, prompting one White House worker to express safety concerns and triggering a countdown to the exit of either Scaramucci or his target, Trump Chief of Staff Reince Priebus.

Scaramucci, the newly minted White House communications director, set off a firestorm with a rambling rant loaded with expletives and threats that The New Yorker published. The coarse language directed at Priebus and White House Chief Strategist Steve Bannon, as well as blanket threats to fire people, left some inside the White House shaken.

“This is getting out of hand,” a White House staffer told Fox News. “I am honestly concerned for my safety in the office tomorrow. This type of behavior is unbelievable. Working in the White House, and something like that is said it’s a disgrace.”

Former Republican National Committee boss Priebus was left seemingly even more isolated in the aftermath. Scaramucci all but accused Priebus of media leaks, a recurring problem that has vexed the Trump administration. Other RNC colleagues brought into the administration have been nudged out of the West Wing, and Scaramucci’s hiring came with the rider that he reports directly to Trump – not Priebus.

Priebus has not reacted publicly to the broadside from his West Wing adversary, but it is hard to imagine the two co-existing in the administration after the public eruption of animosity. Scaramucci said after his tirade but before it was made public that any chance their relationship could be repaired was in the hands of the president.

Reince is a (expletive) paranoid schizophrenic, a paranoiac,” he told the New Yorker about the White House chief of staff.

Scaramucci also took a shot at Bannon.

“I’m not Steve Bannon, I’m not trying to suck my own (expletive),” Scaramucci said. “I’m not trying to build my own brand off the (expletive) strength of the president. I’m here to serve the country.”

At some point, these guys will find themselves sitting around the same conference table. If video of that meeting ever leaks it will break the Internet.

But why bother with tawdry political theater on a finance blog? Because you’d think the markets would be petrified by the prospect of a government paralyzed by this kind of infighting. Instead, stocks are at record levels and bonds are holding up nicely. What gives?

The Fed, that’s what. Under today’s New Age monetary regime, bad news anywhere is good news for financial asset prices because the world’s central banks, led by the Fed but abetted by the European Central Bank and Bank of Japan, stand ready to throw trillions of new dollars, euros and yen at whatever threatens to go wrong out there. And they’ll do it sooner rather than later. As ECB chair Mario Draghi put it recently they’re in “reactive” mode and won’t hesitate to hit “send” with cash infusions whenever the markets event hint at a downturn.

So by the dip and relax.

This is of course a recipe for disaster. But if you’re managing money and are being judged by quarterly results you don’t have the luxury of thinking long-term. The rest of us, though, should definitely be planning for the day the music ends and the big banks, index funds and hedgies try to leave the dance floor en masse.


- Source, John Rubino via Sprott Money

Monday, July 31, 2017

Silver BREAKOUT UNDERWAY NOW

What a difference a week makes. After struggling early on last week, after a hesitant Fed and a lip-sticky pig GDP estimate for the 2nd quarter, the silver price is breaking out here early Monday morning in the pre-market action. Rally possible as early as today. First there is this:


Silver solidly punched through and closed above the 50 day moving average on Friday. Today looks to be a gap-up at the open. Silver can break-out to the upside in a big way here!

Then, there’s the bullish performance and momentum since last Friday, as show in the 3 Minutre Chart:



Adding momentum to the rally could be the pandemonium and chaos caused by the Bitcoin hard fork tomorrow. Between suspended accounts and uncertainty, silver is set to shine brightly. Look to the price of gold for strong upside. On the 3 Minute chart, we can see gold’s gap up last week. The close was also solid last week, and, and gold has dutifully stepped up to the plate for its traditional “safe haven” role amidst all the uncertainty:


Last week most major market indexes hit new all-time highs last week. Seems harder and harder to go only up and up. Usually if someone keeps blowing air into a balloon, at a point it will pop. No graph needed, cause well, we have seen those new highs again and again and again.

Crude oil (WTI) is also on a strong, momentum filled rally since last Thursday. Oil is testing resistance at $50, so be looking for a move in black gold this week as well:


And finally, for the US dollar, things have not been looking good since last week, and with the strength in gold and silver, and the uncertainty in the cryptos, this is not looking good for the greenback. For now, it seems bullion is bid and the dollar is bust:


Looks like it is going to be a great week to be a silverbug!


Sunday, July 30, 2017

The Breakdown Before the Breakthrough

Since our last note, the US dollar index has made its way down to the lows of last summer, currently hovering just above the Brexit upside pivot from June 24th, 2016.

Although asset trends can elicit major technical breaks from oversold conditions (i.e. crash), the more probable outcome from our perspective favors another retracement bounce, before traders can set their sights on breaking through long-term underlying support that’s confined all declines in the dollar index over the past 3 years.

Maintaining a KISS approach of lower highs and lows that has served traders well this year in the US dollar index, we would look for the highs from early July to contain a prospective bounce. This methodology also applies to the flipside of momentum for potential lows in the euro, yen and gold – with the two latter assets also likely influenced by the short-term respective trends in equities and yields. In this respect, over the near-term the Japanese yen and gold could hold up better than the euro, as we suspect the rally in equities gives back this months gains – largely supporting the uptrend in long-term Treasuries and buttressing safe haven assets like the yen and gold.

From a comparative perspective with the pattern breakdown in the dollar index that has closely resembled the complex and broad top carved in gold between 2011-2013, a near-term bounce in the dollar would develop before the index breaks through long-term underlying support later this year. Anecdotally, considering current pessimism towards the dollar, the pattern similarity should continue.


When we look back at the cyclical top in the US dollar index in 2002 that corresponded with a secular breakout in gold, the similarities extend with today in pattern and proportion, as well as from an intermarket perspective where long-term yields were at a positive correlation extreme with the dollar and turned down again with the dollar’s cyclical pivot. The net effect broke gold and the broader commodity complex out of a secular downturn, as declining real yields helped tilt the scales in commodities favor.


Although we are less inclined to presume long-term yields will materially break below the lows from last year as they did coming into 2003, we still believe there is much greater upside reach for the current inflationary trend – than the Fed’s capacity to raise rates. This is largely because we expect the current expansion will diminish the Fed’s appetite to tighten as it continues to mature. All things considered, real yields should continue to decline, even if the downside range of long-term Treasury yields is limited.


Looking back at our month-over-month comparative from the secular peak in the 10-year yield, the relative symmetry of the decline continues with yields basically at their respective mirror of the mid 1940’s. While the linear regression of the current retracement is tracking shallower than the secular build from the previous cycle low in the 1940’s, over the next year we see a declining dollar eventually capping the downside in nominal yields as realized inflation begins to surprise again to the upside.

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