• Thumbnail

    US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BBB-, leaving it below investment grade for the first time in a decade.   Moscow termed the decision “overly pessimistic.”
    <span style="color: #000 […]

    • I slap my knee in laughter!

    • I slap my knee in laughter!

       

      Reporting information on the west wires is an utter joke.

    • Why doesn’t S and P increase our credit rating to Triple A?  We can always print the money we need to pay our debts.  No sweat.  We have no austerity in the US cause we don’t need it.  We don’t need to raise sufficient taxes to pay our governments bills cause we can just print whatever money we need.  There is no intention of ever paying back a sin…[Read more]

  • ThumbnailThat moment of failure is coming closer and closer.   Recent actions by central banks have exposed their increasingly desperate mindset and have even called into question the one thing that absolutely cannot ever […]

    • I believe that Social Security and Medicare will be the vehicle to break the system. Those born in 1957 are the largest bulge in the population curve. When they sign up, it WILL get ugly.

      • That’s where the Obamacare “death panels” come in!

         

        “Oh, Mr. Jones, I’m so sorry but that hangnail is terminal. I suggest you get you affairs in order and return tomorrow fro treatment.”

      • That’s where the Obamacare “death panels” come in!

         

        “Oh, Mr. Jones, I’m so sorry but that hangnail is terminal. I suggest you get you affairs in order and return tomorrow for treatment.”

    • More than half of the public isn’t paying one bit of attention to what central banks are doing.  in my mind that does not conflate with being credible or having credibility.  The only reason the money system requires growth is to sustain a parasite class of society.  Our central bank in its current form was created to fund the upcoming US in…[Read more]

    • More than half of the public isn’t paying one bit of attention to what central banks are doing.  In my mind that does not conflate with central banks being credible or having credibility.  The only reason the money system requires growth is to sustain a parasite class of society.  Our central bank in its current form was created to fund the up…[Read more]

    • Don’t worry people, ObamaCare System is working just fine.  Forced Debt Creation has a fine if you do not sign up for it.  ObamaCare is making new slaves every day!

       

  • ThumbnailChina does not have enough gold to have a seat at the table right now.   Think of it as a game of Texas Hold’em. What do want in a poker game? You want a big pile of chips. Gold is going to be your chips. It doe […]

    • Draghi thinks TLTRO will work.   Another meaning of TLTRO is

      Think Leveraging Today (will) Reverse Overnight?

      Nope.

    • This article is BS.   What a tool!  Nuff said.

    • This article is BS.   I am sure China has more Gold than Fort Knox.  The fix is in alright but 180 out from the OP.  What a tool!

    • I don’t trust this Rickards guy. I suspect anyone that can plaster every corner of the internet with advertising and pop ups. You can’t escape this guy. Seems like he has a lot of funding to push someone’s agenda, whether his or not, he smacks of a opinion for hire. Too slick and promoted for my tastes.

      • ART005 replied 1 hour ago

        Agreed, and that he is now based with Agora and Porter Stansberry is an odd match for someone with such prior official gov. credentials.  He’s so well connected and then bases almost the entire “China doesn’t have enough” because the USA has 8,000 tons of gold…. Who believes that USA story, and then the whole argument is a waste of time.

        The …[Read more]

    • LOL,

      So we haven’t sold a lot of our gold, sure thing dude!

      Then we learn that China doesn’t have much gold at all, what kind of BS is this?

      Just another shrill for the Insiders to generate another laugh at our expense.

      It is like another article I read this morning where the writer is flipping out because Greece basically told the IMF…[Read more]

    • Suddenly, it seems TPTB camp apparently have enlisted a fairly “highly regarded” name to help squash the heavy worldwide criticism they are being blamed for all the PM manipulations that have become so obvious in the past 3 yrs. Now that Rickards has several books that are bestsellers on the coming economic collapse, who better could they get to…[Read more]

      • I think Rickards isn’t “showing all his cards”.

        He certainly is aware that the US’ 8k tonnes of gold has been largely either sold or leased in his admitted manipulation of the gold price.

    • Chinese Gold demand the last two years was 4300 tons,that’s 50% of supposed unaudited

      US reserves………So rather than buying all this gold up at 1200 dollars the Chinese government

      decided to give it to their people instead while they kicked around for scraps in the dust??

      How does that make any sense Rickards?

      The only think that…[Read more]

    • yeah hard to believe this. sounds more like propaganda like how russia was supposedly selling their gold. now we are supposedly waiting on china to buy enough gold. why does he want us to think we are waiting on china ?? these guys are sucking in every once of gold they can (much smuggled from countries like Philippines and Indonesia gold mines).

      • China is indeed sucking up a lot of the world’s gold. That doesn’t mean they’ve achieved the level they desire before the “Great Reveal”.

    • Rickards, Rickards!  What a friggin tool you are! Tsk tsk.

    • Rickards, Rickards!

      What a friggin tool you are!

      Tsk tsk.

      I’m a poet,

      And didn’t know it.

    • Since Mr Rickards assumes that the US has 8000 tons of gold, his whole article is suspect.  I am pretty sure that China knows how much gold we have.  The assumption has to be that we have leased out all our gold.  The US has never done anything fiscally responsible in a long time.  I would never give them any credit for being responsible until the…[Read more]

    • So Jim……..25,000+ tonnes doesn’t get you a seat at the table? Well then the U.S. will only get to “bus” the table’s dirty dishes I guess, since we might have 2,500 tonnes if we’re lucky. Please, don’t BS us stackers. We all know, (most of us anyway), that China is one of the 3 or 4 largest holders globally.

    • So Jim……..25,000+ tonnes doesn’t get you a seat at the table? Well then the U.S. will only get to “bus” the table’s dirty dishes I guess, since we might have 2,500 tonnes if we’re lucky. Please, don’t BS us stackers. We all know, (most of us anyway), that China is one of the 3 or 4 largest holders globally………….and we’re not!

    • Riiiiiiight… Silliest thing yest I’ve seen from JR, and that even includes his moronic haircut.

      • Ricards is full of crap on this.  Guaranteed the US has NO Gold. Bernanke told us they did not have physical gold but have IOU’s in the place of physical. I always took Rickards with a grain of salt because of where he has worked and what he has done in government. He is still a government shill. All this is, is an essay to make those of us who …[Read more]

    • Riiiiiiight… This is the silliest thing I’ve seen from JR yet, and that even includes his moronic haircut.

    • I was under the impression that China was importing 6 TONS PER WEEK. For years now. Come on Mr. Rickards – what group do you think you are posting in??? Stupid Doctors?

    • James Richards is paper pushing, CIA informant to throw the public under the bus.  The internet is our tool from past to present.  About 50% msm will believe this misinformation, go figure?

    • James Richards is paper pushing, CIA informant to throw the public under the bus.  The internet is our tool from past to present.  About 50% msm will believe this misinformation, go figure?

       

      Come on Silverdoctors, at least give us a mug-shot of that lovely toupee?

    • At least he says, “We can expect a reset this year in monetary terms.”  Half right?

    • JR is a BS propagandist shill, opinion for hire tool.  This is a full of crap silly article.

    • This has been Jim Rickards message for a long time. The CIA supports the believe we still have our gold/the China will work with the West because we are all going to work out a currency together run by the BIS. So the Chinese have been buying all this gold just to get into bed with the Americans and the BIS and the Europeans.  This means that all …[Read more]

  • ThumbnailRadical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase.  Syriza, which is actually an acronym for “Coalition of the Ra […]

  • ThumbnailIt’s amazing to think the dollar is being discarded around the world considering the recent “strength” of the dollar index. But don’t forget that the commonly referenced measurement of the dollar is the U.S. dolla […]

  • ThumbnailThe crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets.
    Syriza leader Alexis Tsipras promised G […]

    • Hmmm … and yet KITCO is currently showing Ag down about 20 cents/oz …. whooda thunkit?

      • Yep, it just shows the algo’s and HFT are still in charge of the metals since they are leveraged heavily with paper.  When you have 50 or 100 paper oz of gold for every real phyzzz oz then it’s rock vs. paper so paper wins.  Until one of these gold derivatives blow up and all the paper come crashin’ down I doubt we will see much action in dollar p…[Read more]

      • Yep, it just shows the algo’s and HFT are still in charge of the metals since they are leveraged heavily with paper.  When you have 50 or 100 paper oz of gold for every real phyzzz oz then it’s rock vs. paper so paper wins.  Until one of these gold derivatives blow up and all the paper come crashin’ down I doubt we will see much action in dollar p…[Read more]

    • Hmmm … and yet KITCO is currently showing Ag down about 20 cents/oz …. whooda thunkit?

       

      I suppose we should give the prognosticators a few more days to see what PMs really do.

    • Hmmm … and yet KITCO is currently showing Ag down about 20 cents/oz …. whooda thunkit?

       

      I suppose we should give the prognosticators a few more days/weeks to see what PMs really do after the Grexit.

    • This greek election isn’t even news in the US.  Why not?  Evidently the Syria victory is not being taken seriously?  Or, even thought of as being important at all?

    • The US media is owned by the banksters.  Bad news for the banksterss does not get broadcasted.

      Last chance to buy physical at this manipulated level.l

    • The US media is owned by the banksters.  Bad news for the banksterss does not get broadcasted.

      Last chance to buy physical at this manipulated level.

    • No worries. If Syriza is true to form their Revolution will spread.   Spain, Portugal and Inreland will take a page from this event.  It will take a while for the situation to evolve but I think that these events will add more to the slide of central banks.

      The Euro’s dead cat bounce wont last.  Gold and silver will continue to be seen as safe h…[Read more]

    • My experience in Panama is that when a new party takes over the changes are generally slow to come.  The first year is when the government makes it’s changes and chaos will force the changes to be slow.  There will be a lot of finger pointing at first but nothing gets done.  And, the changes will be crappy for many and great for a few.   This new p…[Read more]

      • I dunno how Greece can be any more screwed than they’ve been for the last 5 years.

         

        Putin made an offer to the people of Greece that if they voted in Syriza and against the EU debt slave masters that Russia would be glad to share economic trade with them which sounds like a much better deal than unlimited slavery for the Brussels/German…[Read more]

    • I’m guessing the Syriza victory was already baked into the recent rise in metals prices. It’s been pretty much a foregone conclusion for several weeks now. The banksters will defend $1,300 as vigorously as they did $1,200. It may take a while to see higher prices but I’m still thinking that 2015 will be a good year for the metals. Mining shares…[Read more]

    • Well check out 10 year gold in Yen!

       

       

    • Wouldn’t take the pic…..take two

    • I just checked Drudge report.  They have a story way down the list on Greece.  They reported that Greece was doing much better and now that they have marxist’s in charge things are going to get worse for Greece.  They also report that Europes financial markets are a lot more resilient now and and so they aren’t worried about what Greece does.  P…[Read more]

  • ThumbnailWith 88% of the vote in, Syriza has won the Greek elections with 36.3% of total vote
    Tsipras has begun his address, and advised that the “Troika Eria is Over for Greece“,  the “Bailout agreements have ended for […]

  • ThumbnailGold surged this week on massive buying from stock investors and speculators.  This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years.  So to see them start t […]

    • Ok – I’m excited too. I just don’t know where the GLD is pulling there bullion stock in from. Maybe it doesn’t matter.

       

       

    • Tickets.  Get your ticket stubs for Gold.

    • For a bit of inspiration, check the weekly silver chart and you will notice today we are even with the late August 2010 price point where silver really broke out toward its eventual 2011 highs. Only thing different today is all the favorable conditions igniting the previous take off seem to be amplified, some deriving from different sectors, but…[Read more]

    • Here we go agin! All it takes is for one week of StreetTracksGoldShares showing signs of renewed life for the ETF BEAST that lurks within Adam “Adam-X” Hamilton to burst its chains and run amok once more…

      like a B movie sequel where the previously punctured and perforated monster has somehow risen from the depths of hell where we sent it  to …[Read more]

    • Stock Traders Flock to Gold…
      …yet the gold is tanking as we speak. Imagine that!

      • Exact !!! I was about to put the stress on this very fact ! I am soooo disappointed !

      • Silver and gold both tanking at this very moment even though the dollar tanking is as well!

        NOTHING MAKES SENSE ANYMORE.

      • Silver and gold both tanking at this very moment even though the dollar tanking is as well!

        NOTHING MAKES SENSE ANYMORE.

        ….actually “stock traders flocking into gold” means they are buying it INSTEAD of stocks, ….so TPTB are going to teach them a lesson and RAID.

        If these stock investors would just buy PHYSICAL gold!

        Sigh

      • People don’t seem to realize that as long as the market manipulators continue their fraud without repercussions, that markets will continue to be manipulated.

         

        For now, what happens in Greece will stay in Greece unless the people in other parts of the world rise up and rid their governments of their own fraudulent bankster parasites. Until…[Read more]

    • The Central Banks have not thrown in the towel.  This war between gold and the dollar is far from over.  Consider buying gold using a dollar cost averaging strategy.  Back up the truck only when gold gets smashed down a lot.  At any rate be very cautious.  Gold manipulation is not finished.

  • ThumbnailThe 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 give […]

    • Draghi is adding more water to the kool aid.  Maybe the Euro was a pet project.  When central banks are printing fiat like its going out of style it’s time to buy more metal.  Get some.

      • “When central banks are printing fiat like its going out of style it’s time to buy more metal.”

         

        Indeed so, AJ.  In fact, fiat IS going out of style and it is because it is being printed in massive quantities, as if, somehow, doing this makes anyone wealthier.  No, creating more products, new and exciting products, or creating products more …[Read more]

    • It would not surprise me to know that the Euro had two purposes

      If it succeeded it would bring a very divergent group of countries under one government, running the show out of Brussels, the levers pulled by unelected group of faceless mandarins holding absolute power over every country in their realm.  It would be a huge step in securing the …[Read more]

      • AG – Yeah, you really wonder about the initial plan – ostensibly it was to reduce friction between neighbors who have had a proclivity to beating the snot out of each other on a regular basis at the least provocation…and that may have been laudable. However, the major problems with an experiment like this are those of language and culture. How…[Read more]

      • AG – Yeah, you really wonder about the initial plan – ostensibly it was to reduce friction between neighbors who have had a proclivity to beating the snot out of each other on a regular basis at the least provocation…and that may have been laudable. However, the major problems with an experiment like this are those of language and culture. How…[Read more]

      • AG – Yeah, you really wonder about the initial plan – ostensibly it was to reduce friction between neighbors who have had a proclivity to beating the snot out of each other on a regular basis at the least provocation…and that may have been laudable. However, the major problems with an experiment like this are those of language and culture. How…[Read more]

      • AG – Yeah, you really wonder about the initial plan – ostensibly it was to reduce friction between neighbors who have had a proclivity to beating the snot out of each other on a regular basis at the least provocation…and that may have been laudable. However, the major problems with an experiment like this are those of language and culture. How…[Read more]

      • @DanDaley

         

        I have no doubt whatever that your wife is a perceptive lady.  To most Arabs, a woman ranks somewhere between a sheep and a goat and below a camel as an item of usefulness.

         

        While there are likely to be many of them, I have never met a follower of Islam whom I thought was truly a human being of high value.  All of the ones …[Read more]

    • @Dandaley  I was wondering about what I wrote until I read David Stockman’s exceptional essay presented on The News Doctors.  He spoke about the 100 years since the start of WWI and what that fiasco of all fiascos ushered in.   Paul Craig Roberts essay on the same front page is a good read about the new age war mongers in the West.

      IMO The el…[Read more]

      • AG – Probably the best non-fiction book I’ve read in the last 5 years about finance and economics (and I’ve read and re-read close to 30 of them -can give you my list if you’re interested) is Bill Bonner’s book The New Empire of Debt. What a read. He (and Wiggin) trace the origins of our present US and world debt predicament. There is a very…[Read more]

      • @AGXIIK @Ranger

         

        “Ranger has this whole thing dead bang on but then he’s old enough to have seen action in Flanders and the Somme.  Just kidding R.”

         

        Forget that, AG, what I wanna know is did Ranger wear the blue or the gray?  ;-)

         

        If it was the gray, then ALL is forgiven!  ;-)

         

    • 60 billion a month is alot of frog skins. If you do the real math behind the smoke an mirrors. here it is. 60 billion x12 =720 billion a year. Then the smoke an mirror cover up. Then the leverage of fraction reserve banking and its all actually legal. 720billion x10 is 7.2 trillion. with more mirrors and smoke the banks just lend to there gov at…[Read more]

    • The Euro experiment has taught us a few lessons. How hard it is to unite soveriegn countries with fiat at its centrally planed power structure.

      The Federal reserve note has done no better btw, but a little easier to implement because they are States.

      China was always the “social experiment” .

      So with failures like these, it begs the…[Read more]

    • Something to Think Hard About!

       

    • @undergrond.

      It’s official   Syriza wins with absolute majority.   Grexit?  Probably some variant of that. Debt repudiation is strong possibility.   Gold up  crude down  Euro down  copper down   UST bonds rate down.    Mickey Mouse used to say  Big doin’s Heh heh.

      The Three Stooges will get to meet Mr Panos—-again

  • ThumbnailFriday 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 […]

    • Harvey as always states some great points and is most likely right on the stated issues. However in my humble opinion, consideration should be paid to the Greece elections coming Sunday. The Syriza party will win this election and by doing so will announce that they are no longer responsible for the prior administrations bailout debt. Accordingly …[Read more]

      • This may sum up Greece’s view better than anything else.  This video is hilarious (unless you are German!) if you haven’t watched before.  I think Germany (Europe) will give them another bailout and restructure the loans for repayment in about 500 years.  Anything to keep them in the Euro for a few more ye…[Read more]

    • Rock on Harvey! Standing by. It’s more fun when stuff goes up.

       

    • Harvey….. meh – again.

       

      Grexit?  I wonder if it’s a bluff to extort more Euro’s from the ECB and more breaks for the ‘Greek people’.

      In the end the new boss’ will line their pockets with more taxpayer Euro’s and sleep well at night.

      • If the Greek people get any more “breaks” from the EU, their country will be non-viable and abandoned because no one will be able to live there unless they are subsistence farmers.

      • “breaks”?  You mean debt slavery. The ruling class stay in power by manipulating vocabulary.

         

        I would love the opportunity to be a subsistence farmer if I could avoid debt and taxes.

      • “I would love the opportunity to be a subsistence farmer if I could avoid debt and taxes.”

         

        Me too but avoiding Turkish soldiers who have wanted to take Greece over for about 2,000 years will be more difficult, IMO.  :-O

         

      • It’s all about the DRACHMAs people…

         

        Hi Snow Monkey!
        @ag-patient

    • Money 101

       

      • “Sons of bitches all!”

         

        Hehehehe…

         

        That was the funniest, most entertaining version of the $ story I have ever seen and I’ve seen a few.

         

        Thanks Ranger.

    • A Bankers Confession.

    • @ranger  When you post 3 times in one blog, the world needs to take notice.

      I am glad you made it clear here first.  Listen up people.  Take note

      Like Hemingway said,  you go bankrupt two ways

      ‘Slowly and then fast’.

      This sort of thing will get out of hand so fast it will suck the air out of the room

      If you are in that room it will n…[Read more]

    • Polls say one thing.  Who is counting the votes? Greece is a Goldman Sachs colony.

    • Something that Willie said reently.  We used to see major events,  such as are now unfolding twice a week, happen every 6 month. It reminds me of the outrage of the week coming from the Carpet Stain administration now happening daily.  World shaking events are taking place so regularly that one can barely see and assimilate one event when another f…[Read more]

      • @AGXIIK

         

        Which is exactly the same as the “carpet stain administration” and their idiotic scandal of the week.  We’ve seen a few of them burst forth like flatulence in the church of politics.  :-(

         

    • The Greek exit polls show a majority of votes for Syriza, assuring a total majority in the parliament.   The Golden Dawn ( labeled neo Nazi party) is around third place

      Next week will be interesting.

    • So be it.  Let the implosion commence. Let the games begin.

    • WWH tells me I should be buying Greek bonds and stocks.  We will see if he was 100% wrong again

    • Another extreme statement with precise timing – will it be wrong on both counts just like the $200 by December prediction!?

  • Thumbnail 

    With 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 1 […]

  • ThumbnailIn 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:

    <span style="color: #00 […]

    • A solid, drama free summary of the present Macro Environment.

      Recommended +1

    • Eric Dubin’s credibility is still suffering after his “silver is going from $20 to $25 call”

      when in actual fact it went the exact opposite, from $20 to $15.

      • Mistake for certain, we all make them. I have, you have, we all have – this is not science, it’s flying blind in a hail storm.

        The puzzle is far more complex than we often acknowledge and grows increasingly so.

        This podcast was a well balanced summary of the present environment, it managed to cover a fair amount of ground and provided some…[Read more]

      • Mistake for certain, we all make them. I have, you have, we all have – this is not science, it’s flying blind in a hail storm.

        The puzzle is far more complex than we often acknowledge and grows increasingly so.

        This podcast was a well balanced summary of the present environment, it managed to cover a fair amount of ground and provided some…[Read more]

      • @ J Mack—pretty sure that’s the same chick talking w/ herself thru the magic of vid mixing…. but I’m right there w/ ya….she’d be fun to rub noses with…

        And the Wombat has lost -none- of his creditability! 

      • Ticktoc, You make that statement as if it were a roundly accepted fact.  Setting manipulation aside, a call for 20 to 25 was not uncalled for; whether that manipulation caveat was spoken or not Ive no knowledge.  Certainly under normal conditions  Ag would have pressed upwards.  No one knows the next layer of crap to fall.

        4 OZ, ya gotta look cl…[Read more]

      • @ticktoc – you are off-base and have no idea what my track record is.  Of course I make wrong calls.  Go back and read my Flying Wombat comments for the December 27, 2014 show (all of them) and perhaps you’ll come to understand what I mean by how professional forecasting works.  Making incorrect forecasts is part of the process, and the goal isn’t …[Read more]

      • 2 OZ. replied 2 days ago

        You are just…. well, a dummy. Go away. :D

      • 2 OZ. replied 2 days ago

        P.S. That was meant for tictoc. Flying Wombat has, without a doubt, provided educational, professional and ” I wish I could help everyone” kind of advice and information that most would pay for. Carry on FW. Thanks for all you give.

      • There is a difference between forecasting and prophecy.  Forecasting is based on synthesizing the most probable outcome from current information.  Prophecy, on the other hand, comes from divine inspiration – something that only a few people have ever achieved.  For my money, I would FAR rather listen to Eric’s rational arguments than those of many …[Read more]

      • There is a difference between forecasting and prophecy.  Forecasting is based on synthesizing the most probably outcome from current information.  Prophecy, on the other hand, comes from divine inspiration – something that only a few people have ever achieved.  For my money, I would FAR rather listen to Eric’s rational arguments than those of many …[Read more]

    • A thought ……..

       

      Logic being our reasoning from  what  we perceive to be fact is deceptive   , understanding to apply logic to any one thing we must visualize it in its entirety, we deceive ourselves when we apply our understanding of “mainstream science” to what we then consider  possible in the natural and then label what we consider im…[Read more]

      • Indeed G&E.

      • I thought of a quote from Benjamin F. Martin when they mentioned George Soros and once again of his insider information trading, along with all of Congress’ insider info.    “Imagine how frightful truth unvarnished would be”.

        Ben speaks rather impressivly about the state of France in 1938 in his book by the same name.  The start of the downfall …[Read more]

      • G & E, this line of reasoning parallels the investigations of Immanuel Kant into the nature of knowledge, what is knowable and what is beyond our reasoning and conceptualizations. Kudos.

        (I almost sound like I know something…I don’t, not really.)

      • @DanDaley

        Forgive the  late response

        Words of a friend I fellowship with, who no longer ventures beyond the gate …..  his garden now enclosed …..  which speaks of having the mind of Christ

        Quote

        “I find that all the treasures of wisdom and knowledge are in each of us, and have been this from the beginning of time as something es…[Read more]

      • Stay tuned. Soon to come to a country where you live.

      • I have seen that image before and, for the life of me, cannot imagine why these men are smiling.  Starvation is a very rough way to go.  It makes up for its low intensity by its long duration.

         

    • Caution: Cartel Setting Up PM Classic Raid On Next Week’s FOMC?

      NOT THIS TIME!

      • 1278.80 is the Line in the Sand for the Daily GC FRC.

      • @J Mac

         

        I wonder how that will fare on Monday morning when the Greek election is over?

      • @Ed_B

        Greece imho is not leaving the EU/EMU/ECB controls.

        How it plays will indeed be interesting, more of a distraction from other, more untoward, events.

        Which has been an opportunity for rigging, how gar they can drive it down, not much imho.

        We need to see a retest of the 72 Au:Ag_R, then continue the trend.

        On a positive note -…[Read more]

      • @J Mac

         

        “Greece imho is not leaving the EU/EMU/ECB controls.”

         

        Well, we’ll have to see about that.  Seems to me that the EU would well be rid of Greece who, after all, joined the EU under false pretenses and claims for financial stability and income that they did not have and had that been known would not have been admitted to the EU …[Read more]

    • A bit OT but I thought it would be nice to give a thumbs up to a guy who has been unfairly vilified by many people around here. He nailed the SNB’s move. And how many in the SD’s peanut gallery got that right? Answer? None.

      http://kingworldnews.com/egon-von-greyerz-1-24-15/

      • 2 OZ. replied 2 days ago

        Right on some aspects BOP. Wrong on others. 2 OZ. per week, every week, every month, all year long.

      • Good eye, Fidel. Von G is one of the few adults in the room.

    • 2 OZ. replied 2 days ago

      Now that, AU15xAG, seems to be somewhat in line with my thinking. Keep your oz.’s and wait for a “SOMEWHAT SMACKDOWN”. Then, reap the benefits of not listening to the trollipops and shills here. I think you are a skeptic at times but still keep in your mind  the state of the world. Carry on, stack high, keep your fiat spread and maybe even house a …[Read more]

    • Hi! Doc LMAO if you think there’s going to be a big smackdown coming then why don’t you drop your sales spot price by a $1 and I’ll buy a couple of rolls LMAO Only kidding.

      By the way I see the PM’s going up as the fundamentals look positive for rising metals. As my favorite forums friend say’s But It’s Only My Opinion. Keep…[Read more]

    • regarding the comment that Soros exited his positions in the S Frank,  what a surprise NOT.  Soros is a destroyer of countries   He can marshall billions to take down the elected leadership of a country, complicit with the US, CIA and State department.  Failing to alert this ghoul either to an opportunity to feast on the woes of peoples money or a …[Read more]

      • @AGXIIK

         

        Nothing that this POS does would surprise me.  But he does know the weaknesses inherent in fiat currencies and how to best exploit them.  But even he cannot pull any gold or silver out of thin air.

         

  • We were using only 20x leverage and you tell me it’s all gone!?!
    But we had stop losses in place!!!

     

    Click image to view on YouTube(no embed)

    HitlerCHF

    • HERE..

       

      Have some real MINING news from AK…

       

       

      Several events have dramatically affected Alaska’s mining industry in recent weeks, underscoring critical links between Alaska and the global economy.

      First came bad news for newly-elected Gov. Bill Walker: The plunge in world oil prices pushed Alaska’s coming-year budget pro…[Read more]

    • ^^ WOW. Nice post – thank you.

      And secondly – the video was funnier than hell – especially to those who have seen the original movie. I forget the title though – but the captioning was brilliant. My compliments.

    • This series of “Hitler Blows Up About _ _ _ _ _ _ !” is one of my old Uncle @AGXIIK‘s favorites :D

       

      Here’s something to listen too as you read AGX’s late-night musings about the

      situation surrounding the Japanese Yen (¥) and their zany Prime Minister, ABEZILLA!

      Read AGX’s parody lyrics as …[Read more]

    • This series of “Hitler Blows Up About _ _ _ _ _ _ !” is one of my old Uncle @AGXIIK‘s favorites :D

       

      Here’s something to listen too as you read AGX’s late-night musings about the

      situation surrounding the Japanese Yen (¥) and their zany Prime Minister, ABEZILLA!

      Read AGX’s parody lyrics as …[Read more]

    • @Undergrond   thank’s for posting my homage to QE

  • ThumbnailBIG TROUBLE is headed for Bakken oil production, and when it arrives, it could push the entire global financial and economic system over the cliff:!–more–

     

     

    From the SRSRocco Report
    The glory days o […]

    • come o Rocco, Jack Lew says this is a non issue.  “They will be fine”.

      • Jack (off) Lew

      • Yeah, like Lew has ANY experience working for an oil company, knows their business, or studies oil field depletion rates.  As an Obama appointee, there seems a requirement not to know s**t from wild honey.  It would not do to show up the boss.

         

    • They have plenty of other places to start all over again, and the industry insiders say the Southern Illinois Basin is NEXT. I live on the edge of that basin.

      The current price plunge is, (IMO) a machination of the Petro-Dollar crooks in DC and Riyadh. It does several things:

      1. Hinders Russia

      2. Handcuffs Iran and other Middle East bad…[Read more]

      • maybe “the elite” wait for a little bit longer ?
        its kinda slow death… takes longer time to completely death ( or just completely paralyzing )
        maybe until derivative or stock market no longer able to “control”
        so when oil price jump… there will be complete mess
        ( what is the benefit of rising oil price for Russia, Iran, if the economy are…[Read more]

      • I don’t see how low oil prices help the US.  It would be one thing if we didn’t produce any oil but it is quite another to be a substantial oil and gas producer and have oil prices drop by half.  Maybe it is the fact that we import more than we get via our own oil industry?  I can see how this damages Venezuela, Iran, and Russia because oil is the …[Read more]

    • King Abdullah’s nephew was on Squawk Box this morning and said two things that got my attention.

      1) We will never see $100 oil again in our lifetimes.

      2) We are probably going down to $30/barrel maybe. He sees prices stabilizing in a year or two at $50-$70/ barrel.

       

      I have no idea if he was playing, or being real.

       

       

      • WTI got smacked today, down to the 45 handle after nearly reaching the $49 mark after a dead cat king Abdullah bounce.    More Fracking….?   Maybe about as much chance as the dead king’s unmarked grave being found.

        Only stupid money will chase more fracking at this time. IMO it’s a dead cat period.  Supposedly there’s trillions of dollars of l…[Read more]

      • lower price of crude oil is not correlating with lower price of gold and silver
        moreover in “local currency” term
        we already seeing gold ( and silver ) price jump in Rubel, Euro and other local currency
        Chinese Yuan is next ?
        so maybe rising price of gold and silver in US dollar are the last
        ( take longer time like 1 year )
        .
        if you are…[Read more]

      • Deflation first then inflation.

      • Trust me.  That comment was part of a very carefully drafted narrative.  Oil will be $100 a bbl. or more AFTER the competition from the US and Russia have been bankrupted.

         

    • King Abdullah’s nephew was on Squawk Box this morning and said two things that got my attention.

      1) We will never see $100 oil again in our lifetimes.

      2) We are probably going down to $30/barrel maybe. He sees prices stabilizing in a year or two at $50-$70/ barrel.

       

      I have no idea if he was playing, or being real.

       

      If he’s…[Read more]

    • The Bakken will still be there, though it won’t be operating for a while. When the bankruptcies hit the fan, the infrastructure, personnel, and drilling rights will be bought for milles on the dollar by Exxon/Shell/BP/Total or some other megacorp. That’s just the way it goes, and has been going for over a century, corporate vultures lunching on…[Read more]

      • It is likely that silver will still buy oil, when needed.  The current paradigm of buying that which has intrinsic value, such as PMs, oil, or land with that which does not, such as fiat currencies are ending… and probably sooner than most expect.

         

    • I too have heard recently that we can expect a low on oil at about $30, which could last 6+ months, but then rising again to $60+. Who knows. Enjoy the low prices while you can. It will be interesting to see if the oil derivatives will be a black swan event with Bakken sucking wind. Sounds like.

      • The Obamunists are doing all they can to ensure that fossil fuels do not survive their conspiracy to defraud US citizens of cheap energy resources.  First it was coal, now it is oil, and then nat gas will have its turn.  They would like nothing better than to collapsed all other forms of energy, leaving the field of energy production empty of c…[Read more]

    • no doubt it’ll go down further but I doubt there’s any chance it’ll go back up until they’ve got all their carbon taxes in place.

    • Geopolitics have been out of the picture for the past few months.  They cant keep quiet for ever.  Sunni vs Shiite confrontation.  A disgruntled nephew in the Saud family.  And the scariest of them all, ISIS, their financial backing is from oil.  The final straw is going to break a camels back and all this talk about cheap oil will pass as quickly …[Read more]

      • “To say the least, it is extremely interesting to see how TPTB can manhandle any scenario they wish to dream up and play it out to perfection.”

         

        They put their pants on one leg at a time, just like the rest of us.  They are a LONG way from perfection.  They are powerful but subject to the same human lack of perfection as anyone else.  If th…[Read more]

    • The Bakken has gone bust before, at least once and mabey twice. Five years ago a company bought options on land in South Dakota. The plan was to build a refinery for Bakken and Canadian oil. They bought a lot of options on a lot of land. Paid out big money. The office this company operated out of in South Dakota has been closed for more than a…[Read more]

    • We’ve got more coal than you can shake a stick at. I just don’t think that much about Bakken.  The shale economic model was built upon the premise of looting hedge funds and pension funds.  Yeah that’s it.  That sounds like a good hypothesis for now.  Yeah sure the OPEC nations will cut production to assist your cognitively challenged business mod…[Read more]

      • On the other hand, their plan could backfire big-time if they force the world to buy their oil, it gets consumed, and WE still have ours.  :-D

         

    • @Ed_B – Buy what oil product from where for how much? It costs a lot to transport, especially a variety of products, and nothing will be going cheaply anywhere there are too few people to buy them. Megacorps don’t service anything unprofitable. They drop the fringe. If there’s no one else around you who can afford them, you won’t get them at…[Read more]

      • @agnes

         

        When that time arrives, it is likely to be more a case of ‘can we get oil products anywhere or at any price’ and not ‘are they widespread and low in cost’.  In spite of what happens in the world, people will still need transportation for various reasons. Whether or not we will be able to get it is another question …[Read more]

    • @Ed_B
      I had no intention of insulting you about stuff magically appearing. I meant it as a subject that needs to be universally addressed. The “magically appearing” belief is behind every response of, “They’ll do something”.

      I haven’t been in the chemical industry, but I spent much of my career as a science teacher and as an electrical…[Read more]

      • @Agnes

         

        “I had no intention of insulting you about stuff magically appearing. I meant it as a subject that needs to be universally addressed. The “magically appearing” belief is behind every response of, “They’ll do something”.”

         

        I am not easily insulted but do enjoy frank, free, and open discussions.  At times, any of us can say some…[Read more]

  • ThumbnailOn 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 […]

    • When central banks demand their gold you know the jig is up.  The US Dollar is stronger today because it sort of stopped its QE after $4 trillion was flooding into the US and global banks.  QE stopped and this refugee from the glue factory starts going up hitting 95 today.  The second horse escapes by depegging from the Euro and it’s currency st…[Read more]

    • As far as improving the odds of gold moving up as it should – if we eliminate the COMEX, that should help.

       

    • So they had the German US-held gold recasted into London Good Delivery Gold Bars. Was that to get the Ukrainian markings removed from some of the gold bars?

      Is the additional time for the remainder of the delivery needed so it can be mined?

  • ThumbnailIt 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 […]

    • EXCELLENT Points, Doc!

      I just started following the Kyle Bass Blog, his predictions are now spot-on with current events (he was making them up to 2 years ago) and J. Kyle Bass is also totally divested in China. Maybe for different reasons, but he’s not in China at all. No Direct Exposure. He says it is due to the complete lack of transparency…[Read more]

      • Kyle Bass is one of the sharpest financial minds out there.  When he chooses to speak, it behooves all of us to choose to listen.  Same goes for guys like Wilbur Ross and Jeremy Grantham.

  • ThumbnailGold 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 […]

    • Ce n’est pas très optimiste ! Mais c’est, hélas, peut-être réaliste !

    • I thought the euro dollar was suppose to be back by 10% gold. So the people there and all over the world would believe in it and support it. So now they annouced that they are going to start QE1 an dump 60billion a month. Which in laymens turns doing the math 60 billion xs 12 = 720 billion a year. But it doesnt stop there the math still adding…[Read more]

  • ThumbnailIn 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 […]

    • Speaking of selling stuff–my once-a-year-listen to Max, an announcement made by the O’Burgle Administration, Heathcare.gov walked back their plan to sell your private health and personal data to private companies.

      Take a moment to think about the fact that the government had no problem in selling the most personal details of your health life,…[Read more]

  • ThumbnailEmails 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 i […]

    • Finally these dorks on a foggy Albion realized that fascist methods of running society is not a good thing. A bit too late, I’d say. Now these bastards and their children are going to live in the world they acquiesced to-total surveillance and spying, labour camp and torture prisons. Very bright future on the background of disintegrating economy.
      [Read more]

  • ThumbnailGold surged 3 per cent in euro terms after Mario Draghi in the ECB announced a massive quantitative easing or QE program of over EUR 1 trillion from March 2015 to September 2016. The QE program is even larger than […]

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