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BlytheThe Doc & Eric Dubin are back for the Metals & Markets to discuss:

  • Gold & silver capped by the cartel at $1300 & $22- is a big move on the horizon? 
  • The Dollar’s death by a thousand cuts suffers numerous flesh wounds as Russia prepares major oil deal with China
  • The Doc updates listeners with the state of the physical gold & silver market in the US via the eyes of SDBullion- Silver Eagles live in stock with all the Authorized Mint purchasers for the first time in 2014!
  • Blythe Masters reportedly under investigation by Federal Prosecutors in Manhattan- will Blythe Masters be the first top level banker convicted in the aftermath of the financial crisis? 

 The Doc & Eric Dubin discuss all this and more in the latest SD Weekly Metals & Markets:


The Doc and I took a much needed vacation last week.  We’re glad to be back!

Do you get the sense that we’re now in a holding pattern, with gold and silver upside firmly capped?   Silver is certainly taking the brunt of cartel suppression.  Silver is easier to kick around, and many analysts – myself included – believe it is targeted with the aim of influencing gold indirectly.

silver

gold

 

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Meanwhile, one can make a strong argument that tapering is starting to impact the overall stock market.  Check out the action with large capitalization technology shares represented by the NASDAQ 100 index:

nasdaq-100

Large capitalization technology stocks were among the leaders of the 2013 through early 2014 market advance.  Their recent decline probably is indicative of further general market potholes directly ahead.  The old stock market adage of “Sell In May, stay away til Labor Day” makes a great deal of sense given the pricing in of ongoing tapering, high current stock market valuations, record levels of margin debt and cracks beginning to be more widely understood when it comes to the intermediate-term economic outlook.

Bill White, the former chief economist of the Bank for International Settlements (BIS) touched on these dynamics and more in an interview with Finanz un Wirtschaft.  Click here – it’s well worth your time.  Mr. White has a pretty good track record for underscoring financial system problems before the mainstream deals with object reality.  Most central bankers are still punch drunk — even with Yellen tapering.  But the BIS as the central bank for the central banks has periodically sounded the alarm when systemic risk factors become to glaringly obvious to ignore.  We saw this with BIS statements before the 2008 crisis.

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Dollar reserve status remains a critical issue going forward.  On today’s show we discussed Russian and Chinese actions as the latest examples of the migration away from the US dollar via bilateral agreements.  For additional perspective, don’t miss Greg Hunter’s latest interview with Dr. Paul Craig Roberts (click here) and my interview with Dr. Dave Janda last Sunday (click here).

Have a great weekend — Eric Dubin.


  1. A thousand cuts, and counting … and counting … and counting …

    I give those guys some grudging admiration for the quality of their dressing gauze … their ‘monster’ ought to have expired a couple years ago already. But, as any gashes that really need stitches, merely held closed with band-aids, deep festering infection can only be held at bay for so long before onset of toxic shock takes effect.

    • I completely agree with your grudging admiration … I feel the same way. It’s kind of like a Great White Shark, it scares the heck out of a person, it’s so horrible, but there is a certain fascination with its monstrosity … we are definitely looking at the almighty biggest and most successful Ponzi-Scheme that has ever been birthed – since 1913 and counting and perhaps since the 1690′s if we quibble about the true origin of the Accountants flow of imaginary numbers ‘advanced’ for US rebuilding after the Civil War which placed the American version of TPTB at the behest of London/Rothschild finance which birthed the 1913 Beast … is the Fed really just spiritually a Phoenix of the Bank Of England, finding a more effective and attractive skin? I wax philosophical about this subject sometimes usually after a few glasses of wine, and my friends stare at me like I am enchanted by the Whore of Babylon or something … maybe they’re right … scary, but a self triggered slap across the face helps :-]
       
      As far as Blythe Masters being ‘thrown under a bus’ and/or if she be burnt in a legal hearing of some sort … either it will be a White Wash by design, or it won’t be a Bus it’ll be the 33rd floor tour of the pavement at Canary Wharf … there’s no way that JPM Bosses (read, Mafioso) would ever allow her to squeal about what really goes on behind the Number Matrix at JPM … she will go Icarus before she ever gets a chance or incentive to squeal.
       
      ‘Suicided’, I believe they call it … or SDSIC (Sudden Death Syndrome Instant Cremation, ala Kenny Lay).

  2. If Blythe is “Icarussed” I’m long on bees wax.   
    BOP and I are meeting this afternoon with our ladies for lunch.
     We talk sotto voce. Don’t want to have our neighbors overhearing our conversation at the restaurant.
     Brains exploding is not conducing to appetites.  
    We plan to have Phoenix under Glass served by that comely lass from Babble On
    Cheers y’all  

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