collapse bail inThe Man who predicted the 1987 Black Monday crash to the exact day is now sounding the alarm on Deutsche Bank:
“Deutsche Bank was extremely aggressive in derivatives.  It’s a SERIOUS CRISIS here.  DB is not just the biggest bank of Germany, its the Cadillac of Europe!  The derivatives could create a Contagion – It’s not looking good…”

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  1. Fear of the unknown has been with man since the beginning of time. We are in the eye of the storm, what breaks out the other side is any man’s guess. Be prompt, be polite and be prepared. 

    Stacking the shiny where the sun don’t shine

    • Of course,millions queuing up to sell …………………. er I mean buy the physical in your hand which will not be there long.

       

      Stacking 24 hours a day,365 days a year every year.

    • It was actually Martin’s various computer models that made those predictions including the Brexit outcome to the exact day. These models have the largest historical databases on the planet and of course Armstrong Economics is the largest consulting firm on the planet. Months ago the models predicted the 1362 bearish reversal level for gold and they also predicted if price did not break above this level by July’s close this would cause price weakness which is exactly what we have been seeing. As I commented before the HFT algos at the Comex have been driving price up to around this level when there is short term dollar weakness and when dollar strength returns the traders add their shorts and ride price weakness back down. Of course the metal marketers always claim that when the price goes down it is some “cartel” smashing prices. They have to justify to their clients why the price is moving down and not up to the moon. As I posted yesterday in the late afternoon London session, currency traders were piling on the shorts in the EUR/USD and GBP/USD crosses and I stated if this continues look for traders at the Comex to pile on shorts and ride price weakness back down to around the 1300 level. We went to around the 1306 level. For some reason the metals promoters and stackers believe that gold and silver should be divorced from the rest of the commodity pool but this is just nonsense. Gold and silver are commodities first and some form of monetary value second.

  2. How much less professional can that analysis and expectations and heck why not: the whole communication, language, wording used can be? If we have to get this low for some bad news I guess the world is really thriving out there.

    Has someone really stopped to think what we are living is not a crisis per se but a change of epoch? People needs to learn some computers before the world resumes working normally.

     

  3. It appears that as of today, Oct 3 the DBank debacle appears to be a nothing burger.  DBank was down 11 cents (.84%)   That’s static in a stock price.   Tomorrow will probably be the same.

  4. Armstrong ignores the fact that the US and friends/vassals are engaging in hyperinflationary Zimbabwe monetary practice. When the US dollar is no longer accepted as payment for the industrial goods we no longer manufacture, how much will the dollar be worth then?

    In other words, the issue here is the destruction of currency, which is being created in infinite quantities. Real money is not digital debt, and soon that will become painfully apparent to all those who count on income from paper investments backed only by the threats of fascist oligarchs, who care nothing for the public good.

  5. May I quote you on that?. 
    “In other words, the issue here is the destruction of currency, which is being created in infinite quantities. Real money is not digital debt, and soon that will become painfully apparent to all those who count on income from paper investments backed only by the threats of fascist oligarchs, who care nothing for the public good”  
    Well written Sir.. _JLG. 

  6. You have been listening to Willie to much. There will not be hyperinflation because capital is not flowing into the real economy. We are in a deflationary period not inflationary. The reason the dollar and Dow are souring is huge international capital flows are flooding here from Europe and Japan where there is negative interest rates. This capital does not flow into the economy so the velocity of capital has been going down not up. You simply cannot have hyperinflation under these conditions!

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