explode-volcanoe-fire-hotThe 2008 Great Financial Crisis came about because we began to hit “debt saturation” levels. The crisis was one of solvency but was attended to with added liquidity. Sovereign treasuries still had the ability to add debt to their balance sheets which was done in unprecedented amounts. Now, we are again bumping up against debt saturation levels as sovereign treasuries by and large have little room left to add more debt in efforts to reflate.
The root problem of solvency was never addressed, only postponed to another day.  That “day” seems to be in sight…

end-collapseThe cartel hit gold hard again this week, selling $1.5 BILLION in paper gold into the market in ONE MINUTE and as Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”
Bill asks, “Who has that amount of gold to sell?  And the answer of course is almost no one. 
But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change…

mad maxIs the world headed for a “Mad Max” future?  Financial writer Bill Holter says, “I think the chances are better than a coin flip that we have societal breakdown.  People are not going to trade real eggs or real tomatoes for dollars. They will say I want something real for something real. That’s where your dollar collapses.”
On gold, the math is simple. Holter says, “The punchline to this is the system has never been risker and more leveraged than it is today. Yet, the price or the cost of insurance (gold and silver) has never been cheaper than it is today with the exception of late last year in October, November and December of 2015.”
How does it end? Holter says, “I have said many times that we are going to have a reset of the system.   ALL currencies, ALL bonds, ALL interest rates, stocks, commodities, gold, silver, etc.  This is a very, very dangerous time…”

margin explosionWe started off with the flushing of Lehman, and we just saw the flushing of a country, and the flushing of the sovereign bond bubbles.  All tops come on rhino horns.   The moves to safety that took place on Friday are the type of moves that cap, end, and terminate bubbles. 
What’s about to come is exactly what we’ve been warning people about.  Monday morning is GLOBAL MARGIN CALL TIME…

panicBrexit is being called a six sigma “Black Swan”.  The world will wake up Monday morning to all sorts of margin calls.
You must understand, the “carry trade” is held on very thin margin.
Many “counterparties” were outright blown up today.
The unanimous winner in ALL currencies is gold…

end collapse

Legendary Gold Trader Jim Sinclair ended his radio silence last weekend to warn listeners to prepare for a FREE-FALL Financial Reset on the immediate horizon. 
Was Sinclair warned BREXIT was about to SHATTER THE MARKETS?

end nuclearSomeone very real and VERY BIG is standing for gold.  This “someone” would not be bribed to go away last month and does not look like they will go way this month!
Who is this long who all of a sudden cannot be bribed to stand down?

Looking specifically at silver, we have a true potential atomic bomb in the works for July…

crashEverything has changed.  The entire smell has changed the last two months. . . . It looks like the gold and silver longs are different longs.  They want real metal and will not accept paper.
Big well known money people have been making ominous warnings about another coming financial meltdown.
Why are they making these dire warnings now?  Bill Holter says, “Because it’s gotten so obvious . . . these guys are extremely brilliant people.  I am glad they finally came around and figured it out. . . . They’re getting on the record is what they are doing.  You would not have the caliber of names all lining up in the last 60 to 90 days . . . unless it was going to happen pretty soon…

Bernanke-Dimon-Fed-TunnelThis bares watching VERY closely.
COMEX looks to be nearly 50 tons short of what needs to be delivered.  

Can they entice “eligible” (stored customer) gold to move and serve delivery?

clubIs it possible the clan of monster derivatives banks is a very small club and Deutsche Bank “ain’t a member anymore” because they turned rat?
This certainly bears watching because if Deutsche Bank has been kicked out of the gentlemen’s club, they have been allowed to carry the red button kill switch called derivatives with them!

red alertI think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life.  This is going to be an EVENT that you can’t recover from.”
*Warning: Interview below is NOT for the faint of heart…

JP MorganLast Friday we got horrifying (from a contrarian standpoint) COT numbers with nearly record numbers for commercial shorts. With history as any guide, gold and silver should have already been slaughtered, yet they have not been.  In fact, we now have silver and gold at nearly one year highs and mining equities exploding.
Commercials are very short gold and silver now, and they have lost $billions just today.  Maybe they continue to throw paper at gold and silver, Shanghai ain’t buyin’ it! No matter what the apologists say, COMEX can and will default when they can no longer deliver metal. 
This is the rally you NEVER sell…