freefallWith the results for 2013 finally in, the top gold miners average yield fell to the lowest level ever. 
This is a surprising development considering that the average price of gold dropped to a low of $1,411 in 2013. 
Normally when the price of gold falls, gold miners switch to higher grades to remain profitable.
However, the top five gold miners’ average yield declined another 5% in 2013

facial recognition big brotherWould you like to have a digital identity card that is automatically issued to you at birth? 
In one European nation, residents use such a card when they go to the hospital, when they do their banking, when they go shopping and even when they vote.  This card has become so popular that this particular European country actually plans to start issuing them to millions of non-citizens all over the planet who request them.
The Economist, a well-known mouthpiece for the global elite, is calling for the entire planet to adopt this “national identification system” that the little nation of Estonia has adopted. 
The Economist is touting all of the “benefits” of a “national identification card”, but are there dangers as well?  Could adopting such a system potentially open the door for greater government tyranny than we have ever known before?

The bond environment, ranging from high yield nonsense to government nonsense, is now fraught, littered with uncertainty and unexploded ammunition, and waiting nervously for the inevitable rate hike to come (or bracing for a perhaps messy inflationary outbreak if it doesn’t).
They call them ‘junk bonds’ for a reason. They now constitute an offence against linguistic decency: ‘high yield’ no longer even is.
Consider the chart below:

bankrobberyThe financial powers, in the name of government treasuries (along with the IMF) have a keen eye trained on the lowest hanging fruits of monetary assets.
What was once unthinkable is fast becoming a reality as bail-ins promise to morph into the confiscation that only precious metals investors have been known for fearing.

They are coming for your ASS(ets).

gold or fiatWith the knowledge that the BIS is not in thrall to Keynes and the monetarists, we can logically expect that Caruana and his colleagues at the BIS will be placing a greater emphasis on the future role of gold in the monetary system. Given the other as yet unstated conclusion of the Mises-Hayek-BIS view, that paper currencies are in a doom-loop that ends with their own destruction, the BIS is on a course to break from the long-standing policy of preserving the dollar’s credibility by suppressing gold.

silver coinToday’s silver price is significantly below the historical 1980 high in silver prices and well behind the historical gold to silver ratio.  Silver has a 200% increase in price before it reaches a new high, and this is before calculating real inflation.   Gold is a bit further along, though still comparatively undervalued.
Trading gold for silver or vice versa makes some sense as long as the ratios are extended out to extreme ranges and that the products match up relatively speaking in terms of premium.
The truly interesting ratios lie below the surface.  They can be found in the relative buying patterns, the movement of physical metal in and out of the COMEX and the relative size of the derivative positions held net short by the largest (bullion) banks.
The Investment of a Lifetime:
Silver is rare, inexpensive, and a protection against inflation. It is poised for one of the best bull runs in history.  Yet unlike an actual “bull run”, the move in silver will be a readjustment to reality after years of fantasy pricing.

sprottThere is clearly no recovery…
If one looks past headline figures, things are not really getting better.   Real disposable income per capita in the U.S. has increased only modestly since the Great Recession. However, all of this increase is due to Government Transfers, not from an improvement in the real economy. If we exclude those transfers from the numbers, disposable income per capita is actually lower than it was at the end of 2005 and has been painfully flat since 2011. Also, those numbers assume that the headline Consumer Price Index (CPI) accurately represents people’s purchasing power.

In this Markets at a Glance, we investigate the U.S. consumer and show that for a large portion of the population, things are not anywhere close to being better, in fact they are worse than before the recession.

It is finally happening in full view, in unmistakable manner, in a way that the awake, the aware, and the conscious can perceive in alarming stunning terms.
The central force of Europe, the industrial juggernaut, the stable core, has begun to pivot East.
The Germans have had enough, fed up with destructive US activities of all kinds.   For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd.   The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level. 

Germany has begun to move East in full view.   Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder. 
The awaited signals seen by the Jackass have finally arrived.
Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges. 
Germany will break from US/UK and its USDollar fiat currency regime over four primary thorny issues:

Play

GATA Chairman Bill Murphy joins The Doc & Eric Dubin on this week’s show to discuss: 

  • Why Murphy believes JPMorgan accumulated vast stores of PHYSICAL SILVER into the 2011 top while shorting the paper market, and has used the physical stockpiles to smash silver lower over the past 3 years- resulting in a paper fortune for JPM, but that the market action over the past 2 months indicates JPM has RUN OUT OF PHYSICAL SILVER to manipulate prices down!
  • Gold & silver’s trading in the wake of the MH17 tragedy– Murphy explains why the cartel never allow the PMs to hold their gains from an international crisis
  • Big money responds to early week take-down of gold & silver with massive physical buying- signs we may be in the early stages of a massive sustained run for the metals
  • The GATA Chairman provides his current outlook for gold & silver, and states that the next rally will see the most volatile and explosive moves to the upside for gold & silver of the entire bull market!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & GATA Chairman Bill Murphy is below: 

TEOTWAWKISteve Quayle’s European banking source “V” has released an inside interview with a ranking 4 star general, who reveals that the coming planned complete collapse of the US dollar will result in the end of the United States of America by 2017!
V’s full interview is below: 

Silver fixIn this excellent interview with the SGTReport, gold expert Alasdair Macleod discusses Friday’s news that the CME and Thomson Reuters have been chosen to run the replacement for the 117-year old London Silver Fix.
But the new boss is the same as the old boss, because it looks like the new system is little more than an ELECTRONIC FIX – so there will be NO free market mechanism allowed to set the REAL, MARKET price for silver.
We also discuss the startling fact that according to Jeff Christian’s CPM Group, $5 TRILLION of silver circulated globally last year — that equates to $5,000 per ounce silver if all that paper had to be backed by PHYSICAL… 

silver crashBefore Thursday’s rise in bullion prices, precious metals were in corrective mode this week after recent rises.
There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.
This negative action occurred at the same time as a new banking crisis was developing in Portugal, with Banco Espirito Santo getting into financial difficulties.   For many gold traders, this suggested these large sales were price intervention to maintain confidence in the financial system.  For this to be true, Open Interest would have expanded on Comex reflecting new opening bear positions.
As the chart below clearly shows this cannot have been the case.

 

planeMalaysia Airlines Boeing 777-200 flying from Amsterdam to Kuala Lumpur was allegedly shot down by a group of Russian-backed Cossack militants near the village of Chornukhine, Luhansk Oblast, some 80 kilometers north-west of Donetsk, according to recordings of intercepted phone calls between Russian military intelligence officers and members of terrorist groups, released by the country’s security agency (SBU).

While the criminal conspiracy to FIX silver and gold continues, and as the criminal cartel dumped $2.3 BILLION IN FUTURES in 5 minutes Tuesday, causing gold to plunge back below $1300 — down more than $40 in just a few trading sessions, Bix Weir joined the SGTReport for his take on the “end” of the London silver FIX – and the current state of the CRIMINAL CONSPIRACY to FIX silver and gold. 

When scientists start using phrases such as “the worst drought” and “as bad as you can imagine” to describe what is going on in the western half of the country, you know that things are bad.  Thanks to an epic drought that never seems to end, we are witnessing the beginning of a water crisis that most people never even dreamed was possible in this day and age.  The state of California is getting ready to ban people from watering their lawns and washing their cars, but if this drought persists we will eventually see far more extreme water conservation measures than that.  And the fact that nearly half of all of the produce in America comes out of the state of California means that ultimately this drought is going to deeply affect all of us.  Food prices have already been rising at an alarming rate, and the longer this drought goes on the higher they will go.
Let us hope and pray that this drought is permanently broken at some point, because otherwise we could very well be entering an era of extreme water rationing, gigantic dust storms and crippling food prices.
The following are 20 signs that the epic drought in the western half of the United States is starting to become apocalyptic…

We are going to get a gold standard probably in 2016 after the world wide economic crash of 2015.
But, between the crash of late 2015 and the implementation of the gold standard, there is going to be civil disobedience on a scale never before seen in the history of man.
The preppers are going to get the thing they have feared most and have been preparing for many decades.

Brazen.
This is the first word that came to mind when I checked today’s silver prices.
Forcing the price of silver lower, when the price clearly wants to go higher and in a world where all the fundamentals (rising inflation, worsening economy, multiple wars or near wars) point to higher prices – or at least not plummeting prices – certainly meets the definition of “brazen.”
As a long-time observer of silver price charts, you know such waterfall chart shapes are coming, but a part of you still can’t believe they will happen.
Not in, you know, America, land of the free (markets).

MH176Malaysia Airlines has confirmed that plane “Kuala Lumpur -Amsterdam” went off the radar in Donetsk oblast, possibly shot down
View MH-17’s full real-time flight path and breaking photos as journalists converge on the horrific scene below.
*LIVE UPDATES

I can say that Putin’s plane and the Malaysian Boeing intersected at the same point and the same echelon. That was close to Warsaw on 330-m echelon at the height of 10,100 meters. The presidential jet was there at 16:21 Moscow time and the Malaysian aircraft – 15:44 Moscow time,” a source told the news agency on condition of anonymity.
“The contours of the aircrafts are similar, linear dimensions are also very similar, as for the coloring, at a quite remote distance they are almost identical“, the source added.

Meanwhile, the WSJ reports that US Intelligence detected a surface-to-air missile launch and tracked the explosion of the plane, confirming that MH-17 was in fact shot down

The missing variable in the great monetary equation is money velocity.
We hear it over and over again, “There is no money velocity.” And therefore, inflation cannot be a problem and is not.

Fixation on money velocity serves only in the aftermath. Those who constantly point out this measure as proof that inflation is not alive and well are misguided.
Confidence is much like bankruptcy – its loss happens slowly, then all at once.

Thanks to Edward Snowden, we now have proof about an incredible set of tools used by the British equivalent of the NSA, known as the GCHQ, or Government Communications Headquarters.
These tools will essentially confirm every single conspiracy theory you could have ever imagined when it comes to propaganda on the Internet.
It allows British intelligence officers to: “manipulate the results of online polls, artificially inflate pageview counts on web sites, ‘amplify’ sanctioned messages on YouTube, and censor video content judged to be ‘extremist.’”

Being the creative folks that they are, GCHQ even came up with code words to describe each “product.” These include, UNDERPASS (for poll manipulation), SILVERLORD (for censorship), GESTATOR (for the manipulation of YouTube views), PREDATORS FACE (for DDOS attacks), the list goes on…

Get_Ready_for_SummerRick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback.
Gold and silver had just delivered double-digit gains in a few months.   Sure enough, from mid-March until early June, the precious metals gave up much of their gains.
Since early June, resource stocks have surged higher once again.2 So the question on my mind was: Where is gold headed for the remainder of the year? Will this rally pull back?
Rick recently gave me his answer: