China gold

China 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 doesn’t mean that you automatically have a gold standard, but the gold that you have will kind of give you your voice at the table.
So here’s the problem: If you took the lid off and ended the gold price manipulation and let gold find its level, China would be left in the dust.  It wouldn’t have enough gold relative to the other countries, and because their economy’s growing faster and because the price of gold would be skyrocketing, they could never acquire it fast enough. They could never catch up. All the other countries would be on the bus. The Chinese would be off the bus.”
So, when you have this reset, and when everyone sits down around the table, China’s the second largest economy in the world. They have to be on the bus.
So the global effort is to keep the lid on the price through manipulation, which is very obvious. I tell people, if I were running the manipulation, I’d be embarrassed because it’s so obvious at this point.
So the price is being suppressed until China gets the gold that they need. Once China gets the right amount of gold, then you can take the cap off.    

A jury found CIA whistleblower Jeffrey Sterling is guilty of all charges against him, according to RT’s Manuel Rapalo at the Virginia courthouse. The government accused Sterling of illegally revealing classified information about a mission.
Sterling was charged under the Espionage Act for disclosing classified information about a mission meant to slow Iran’s nuclear program to New York Times reporter James Risen, who then wrote about the CIA’s Iranian plot in his 2006 book, “State of War.”

The plan’s goal was to learn more about the country’s controversial nuclear program and impair its progress, and the schematics were reportedly funneled to the Iranians via a Russian scientist with the codename “Merlin”.
Sterling was the fifth person in history to be charged with mishandling national defense information under the Espionage Act.

Reuters/Brendan McDermid

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.”
“The downgrade reflects our view that Russia’s monetary policy flexibility has become more limited and its economic growth prospects have weakened. We also see a heightened risk that external and fiscal buffers will deteriorate due to rising external pressures and increased government support to the economy,” said a statement from the agency.

(Doc’s Translation: We learned our lesson in 2011

dollar

It’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. dollar index, which measured against the euro, yen, pound, Canadian dollar, Swiss franc and krona.
Get it?
Who cares if the dollar is strong vs. other dying fiat currencies?

“How did you go bankrupt?  “Two ways:  Slowly then suddenly.”  (Hemingway, “The Sun Also Rises”)

Radical 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 Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting.  The current governing party, New Democracy, only has 28 percent of the vote.  Syriza leader Alexis Tsipras is promising to roll back a whole host of austerity measures that were imposed on Greece by the EU, and his primary campaign slogan was “hope is on the way”.  Hmmm – that sounds a bit familiar.
Syriza plans to call for a European debt conference during which they plan to demand that the repayment terms of their debts be renegotiated.  But the rest of Europe appears to be highly resistant to any renegotiation – especially Germany.
Syriza says that it does not plan to unilaterally pull Greece out of the eurozone, and that it also intends for Greece to continue to use the euro.
But what happens if Germany will not budge?
Syriza may be faced with a choice of either submitting to the demands of their international creditors or choosing to leave the eurozone altogether.
And if Greece does leave the eurozone, the consequences for all of Europe could be catastrophic

Gold in Euros - 5 Years (Thomson Reuters)The 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 Greeks overnight that the five years of austerity imposed under bailout programs worth 240 billion euros from the European Union (EU) and the International Monetary Fund (IMF) were over.
The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia.
The euro has since stablized but remains near an 11 year low against the dollar and is now down 16.7 percent against gold in January alone.

TND News Round-up: Zooming in on some of the better “tweets” hitting Twitter.  If the “tweets” fail to load, hit the circular arrow on your browser to reload the browser.
George Galloway, never shy to speak truth to power, doesn’t mince words!  It’s interesting that Jim Rickards tweets “no Grexit.”  UKIP leader Nigel Farage sounds off.  Lots of background information in addition to stories below.
The buffet is open – dig in!

With 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 Greece“, and that the “Oligarchs, elites in Greece have been defeated“. 

In short, the Central banksters worst fears in Greece have just been realized. 

gold bull

Gold 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 to flock back is a watershed event, heralding a major reversal in gold’s fortunes.
And with their gold exposure remaining near extreme lows, they have vast buying left to do to restore prudent portfolio diversification.

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
Play

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
Play

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: