The newest shot was just fired in the ongoing currency war.  Yes, Mr. Draghi, feeling left out of all the “QE games” for years, has finally acquired his “monetary bazooka” license!
Riddle me this though: when given the chance to finally show the world what the ECB is truly made of in this currency war…..why, in Heaven’s name…. Did he fire a blank?!
Besides, who is this QE really intended to benefit?
Lastly, we take a look at two smaller European countries, who’ve made very different decisions in regards to the Euro currency, yet both of whom are in for a world of hurt.

economic dollar collapse

Friday we witnessed another rout in the Euro.  At one time early this morning it was trading in the 1.11 handle.  It closed at 1.1201.  The latest polls indicate that the Syriza party will win the Greek election on Sunday and the party claims that they are not responsible for any commitments promised by the previous government.
If they leave the Euro, then this will create complete chaos for the ECB and various banks that have lent money to Greece together with the total implosion of credit default swaps underwritten by the big USA banks (and Deutsche bank) on the health of Greece.

cartel raid
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In this week’s Metals & Markets, The Doc & Eric Dubin break down the ECB’s massive €60 billion a month QE announcement Thursday, and discuss whats next for the global markets and gold & silver in particular:

  • Gold & silver’s strong January continues with silver $4 off its lows and gold nearly $200 off its December lows
  • Cartel setting metals up for a Classic Gold & Silver raid on next week’s options expiry and January FOMC statement!
  • Why Fed will soon begin backpedaling on rate hikes, may announce QE4 by Q4!
  • Cartel raid likely won’t last- Why gold is likely to rise by 20% at a minimum in 2015- and COULD DOUBLE!

The SD Weekly Metals & Markets With The Doc & Eric Dubin is below: 

 

2015 Best & Worst Peforming Commodities IndexesWith the new year now in full swing, Silver is one of the top performing commodities in 2015.  After falling over 71% from its high of $49.82 in April 2011, to a low of $14.16 in December 2014, silver is up 16.3% in 2015.
Not only is silver up higher than gold in percentage terms, it’s nearly double gold’s performance of 9.3% in January.

empire revolt
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In the wake of the Swiss National Bank shocking the market this week de-pegging the CHF from the Euro, the Golden Jackass Jim Willie joined us over the weekend for an Exclusive Interview discussing: 

  • Willie explains why the Swiss are dumping the Euro in favor of GOLD, and that multi-hundred billion trading losses will result in MASSIVE DERIVATIVE LOSSES & CONTAGION!
  • Swiss actions have brought a HUGE ACCELERATION of end game events-We’re looking at the potential END of the EURO!
  • Swiss have front run the Global Currency Reset & GOLD REVALUATION!
  • $2 TRILLION IN SUB-PRIME OIL BONDS ARE ABOUT TO EXPLODE!  Contagion will be bigger than sub-prime housing crash!
  • Dollar Death-Spike: Fed has LOST CONTROL of the dollar!
  • Coming European bank failures will result in a STAMPEDE INTO GOLD!
  • 2015 Will be a repeat of Lehman- Several Western banks will go down, This is GAME OVER!
  • When Putin flips his switch, the DOLLAR IS DEAD, and Gold Will DOUBLE!
  • GREXIT will blow up the EU!

One of Jim Willie’s Most Dynamic & STUNNING Interviews EVER is below: 

Schiff

In this MUST WATCH Bloomberg interview, Peter Schiff warns that China is poised to follow in the footsteps of the Swiss National Bank, and ditch the dollar peg- resulting in the Yuan soaring and a collapse of the dollar. 
Schiff warns the fallout will be a 10 on the economic Richter scale, and will occur prior to the end of 2015, when the Fed announces QE4- “which will be bigger than QE1, 2, & 3 COMBINED
Schiff’s full MUST WATCH interview is below: 

storm

Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 sub-prime mortgage meltdown.
Circumstances lead me to believe it could play out like the meltdown I experienced in 1998 after Long-Term Capital Management (LTCM) failed.
This time, however, there will be several crucial differences that will leave investors and regulators unprepared.  

gold vault

On January 19, the Bundesbank Announced the Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve.
In light of what has happened in the past week with the Swiss National Bank un-pegging the Franc from the Euro and the implications that holds, one has to ask, is the timing a little suspect?

It was nine months ago when we reported that Li Ka-shing, the richest man in Asia, had sold all of his major assets in China.
In 2013 when he started dumping his Chinese property holdings he was being ridiculed and criticized.  Everyone was bullish on China’s real estate market.
It turns out you don’t want to bet against a man with a track record like Li’s.

beach ball

Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro, more QE, escalating war in the Ukraine, or simply that gold prices were over-extended and ready to rally.
With a healthy rally off of recent lows under its belt, is gold still undervalued? 

In this Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss China’s $250 billion for Latin America forcing America’s ‘positive’ hand in the region.
Meanwhile, back in China, ‘amateur hour’ reigns as the small cap index soars as dilettante investors believe lower stock prices mean less risk.
In the second half, Max interviews financial journalist, publisher and presenter, Sergio Sarmiento, about the Mexican economy, corruption and the failed state.

Emails from the BBC, Reuters, the Guardian, the New York Times, Le Monde, the Sun, NBC and the Washington Post were saved by GCHQ and shared on the agency’s intranet as part of a test exercise by the signals intelligence agency.
The journalists’ communications were among 70,000 emails harvested in the space of less than 10 minutes on one day in November 2008 by one of GCHQ’s numerous taps on the fibre-optic cables that make up the backbone of the internet.
New evidence from other UK intelligence documents revealed by Snowden also shows that a GCHQ information security assessment listed “investigative journalists” as a threat in a hierarchy alongside terrorists or hackers.