“The Fed can cause massive inflation in 15 minutes.  They can call a board meeting, vote on a new policy, walk outside, and announce to the world that effective immediately, the price of gold is $5,000 per ounce…
Click here for full coverage from GATA’s Chris Powell:

When Gerard LaRocca, a senior bank executive at Barclays Capital reviewed the Lehman Brothers bank account at JPMorgan on September 23, 2008 he noticed something odd. $7 billion from Lehman’s account at JPMorgan had “vaporized,” to coin a popular MF Global term for money disappearing when actually those involved knew exactly where it went.
It ended up at JPMorgan…

petro dollar sunset WillieIn this MUST LISTEN and timely interview with Hat Trick Letter editor Jim Willie, the Golden Jackass discusses the takedown of Glencore and Volkswagen, the Fed’s hidden $1 Trillion of QE per month, the impact of Iranian oil on oil prices, Vlad Putin’s checkmate of Barack Obama’s Syrian War strategy, the shortage of physical gold and silver, and a coming global reset of the financial system.

EagleAfter panicking the market by cutting Authorized Dealer allocations to 750,000 coins in mid September (reportedly due to a die machine breaking according to Mint officials), the US Mint has increased Silver Eagle allocations by 43%: 

REPO1Something occurred in the banking system in September that required a massive reverse repo operation in order to force the largest Treasury collateral injection into the repo market IN HISTORY...  

"You're asking all the wrong questions!"

“You’re asking all the wrong questions!”

How do you find the stocks that are most likely to return 100-1 gains?  That’s the question Chris Mayer wanted to answer.
After a year-long study of the biggest performers of the last 50 years, Chris believes he’s gathered a “template” of the main characteristics of top performers.
Chris was a corporate banker before joining Agora Financial as an editor in 2004.  He recently released his findings in a new book, 100-Baggers.
I asked Chris about his findings and how they might apply to resource stocks…

By now, all of you will have read about the U.S. military’s recent bombing of a Doctors Without Borders hospital in Kunduz, Afghanistan.
What you may not be aware of, is how much the official story has changed in the days since this inexcusable act of barbarism became public.
Doctors Without Borders has been calling the attack a “war crime,” which to the average American sounds outlandish and impossible.
The justification for this claim is simple
that the airstrike wasn’t an accident at all, and that the U.S. military intentionally targeted the hospital.

holterThe effect on commodities:
If NIRP looks like becoming a reality, commodity markets should begin to adjust to a general state of backwardation, reflecting the anticipated cost of holding cash deposits compared with owning physical commodities. Speculators holding short positions and therefor long of dollars will expect a cost arising from negative interest rates to replace the positive interest rate return normally reflected in futures pricing.
In other words, all market participants would be better off being long instead of short.
The effect could be dramatic…

About ten days ago, I had the pleasure of going through final procedures to obtain my permanent residency permit here in Chile.
Sitting in the waiting lounge of the Civil Registry office in downtown Santiago, I found myself struck by the mix of people.
Many of them were from Venezuela, people who are fleeing extreme hyperinflation and food shortages back home. They’re coming here in search of a better life.
It’s sort of a modern day version of the Irish Potato Famine…

1665731The Doc from SD Bullion and Silver Doctors and our friend Eric Dubin from News Doctors join us to discuss the latest developments in the global precious metals markets where we see the Perth Mint selling 3.5 million of its one ounce Silver Kangaroo coins in one day.
We also discuss the action in for PHYSICAL silver in India which has led Steve St. Angelo to conclude that demand for PHYSICAL silver worldwide will destroy the rigged paper markets once and for all.
And once again we hit on the 1980 inflation adjusted all time high for silver which now sits at $601 per ounce. With silver priced at $15 per ounce today, it equates to less than $2/ounce silver in 1980 dollars. Something is very wrong with this picture.

beach ballToday, we had the open interest in silver rise by only 145 contracts up to 158,051 despite the fact that silver was dramatically up in price to the tune of 76 cents with respect to Friday’s trading.   The total OI for gold rose by 2490 contracts to 421,506 contracts, as gold was up $22.90 on Friday. Looks like the bankers were loathe to supply the paper in silver…