Friday, October 18, 2019

No Pain No Gain: It’s Best To Prepare For Pain This Week In Gold & Silver Prices

from Silver Doctors:

SD Outlook: looks like were going lower, so buyers have great opportunity here. If you’re not a buyer right now, prepare for more pain. Here’s why…

Editor’s Note: There will not be a SD Midweek Update on Wednesday.


This is the week where both fundamentals and technical data dumps can have an effect on the cartel’s ability to smash the price of the metals.

Meaning they will be able to strong arm gold and silver with ease.

Ron Paul Makes the Case for Gold

by Peter Schiff, Schiff Gold:

Earlier this month, Peter Schiff said Federal Reserve policy is pushing us toward a no-growth, high-inflation economy.

There are a number of factors in play. There are growing inflation pressures. There are record amounts of debt – both government and corporate. But behind all of these symptoms, we have a disease.

Ron Paul digs down to the root causes of our economic woes in this in-depth look at the US financial system and the need for reform. Paul says a monetary crisis is coming. What will replace the dollar? Paul makes a strong case for gold.

Cryptocurrency Crash – Has it Done Long-term Damage?

by Martin Armstrong, Armstrong Economics:

QUESTION: Mr. Armstrong; I am impressed with your computer system for without historical data depth, it still manage to correctly forecast the high in Bitcoin. The BIS had come out against cryptocurrencies as has our central bank here in Switzerland calling them crude and unlikely to become a world currency without impressive advancement in the technology. With Bitcoin off more than 70% from the high, I am amassed that people keep calling for new highs. They did the same on gold. It appears to be some sort of emotional drug that these people get addicted to or are they just frauds?

Thank you


The Venus Flytrap of Western Civilization: Entitlements

by John Maudlin, Maudlin Economics:

My friend Dr. Woody Brock, one of the best economists and social commentators that I know, wrote a marvelous essay this last week about part of the entitlement issues. I’m going to close with a few lines from his letter. You can see some of his other work at His more exclusive quarterly Profiles are a treasure trove of economic insight. (Occasionally he lets me share them in Over My Shoulder, by the way.) Now to the beginning of his latest Profile:

The death of the extended family throughout the G-7 nations during 1850-1950 will go down as one of the most momentous developments of past centuries. For it is this development that gave rise to the modern welfare state with its crippling retirement and medical promises made to all citizens. How did today’s entitlements crisis begin, why does it get ever larger, and what can be done about it?

Gold’s Price Performance: Beyond the US Dollar

by Ronan Manly, BullionStar:

With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six months to around $1252.50, a drop of US $50.

Since the world’s major gold price discovery hubs of London and New York trade gold in US dollars (or more correctly predominantly trade synthetic gold and derivatives), and since much of the mainstream financial media tends to be very US-centric, the media’s fixation with the US dollar price of gold is probably not surprising. However, it’s not the full story, because in some major national currencies as well as in cryptocurrencies, the price of gold has actually moved higher year-to-date.

Lifestyle Investing for Recession or Economic Collapse

by David Haggith, The Great Recession Blog:

How do you invest for recession or a time of financial collapse when it looks like anything and everything could come down? If you are investing for recession — such as to safeguard your retirement funds for truly tragic times — there is simply no way to know what major part of the current economy will fall first because it is fragile to the point of breaking in all of its parts … all over the world.

Two paths for recession or economic collapse and two plans for investing for recession or economic collapse

Switzerland chooses gold over paper wealth backed by US dollar

from Hang The Bankers:

Another country is betting on physical gold.

Switzerland’s pension fund has boosted its investments in bullion, switching from the paper-backed securities in US dollars.

“The Swiss government Pension System decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. The 700 million only stands for 2 percent of the total assets, but it is quite a surprise that they do this,” said Claudio Grass, an independent precious metals advisor and Mises Ambassador.

How $21 Trillion in U.S. Tax Money Disappeared. “Full Scope Audit” of the Pentagon

by David DeGraw, Global Research:

This is part of our series on the unaccounted for $21 Trillion in taxpayer money. As unbelievable and absurd as that sounds, the actual total of unaccounted for money at the Pentagon is most likely significantly more than $21 trillion. The First ever “full-scope audit” of the Pentagon is presently underway. Read the first report from this series here.


According to the Department of Defense Inspector General and the Defense Finance and Accounting Service, $21 Trillion in Taxpayer Funding Is Unaccounted For.

To help people comprehend the scale of this, $1 Trillion is $1000 Billion. This means that $21,000 Billion in taxpayer money has gone missing.

Keynesian Economics Is an Artifact of Cheap Energy

by Charles Hugh Smith, Of Two Minds:

Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice.

Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that its econometric claims are the equal of the “hard sciences” of physics and chemistry.

In other words, the econometrics of Keynesian economics is presented as possessing the same timeless validity of the natural sciences.

THE ENERGY CLIFF APPROACHES: World Oil & Gas Discoveries Continue To Decline

by Steve St. Angelo, SRSRocco Report:

As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017.  And to make matters worse, world oil investment has dropped 45% from its peak in 2014.  If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later.

According to Rystad Energy, total global conventional oil and gas discoveries fell to a low of 6.7 billion barrels of oil equivalent (Boe).  To arrive at a Boe, Rystad Energy converts natural gas to a barrel of oil equivalent.  In 2012, the world discovered 30 billion Boe of oil and gas versus the 6.7 billion Boe last year: