Wednesday, January 22, 2020

John Rubino – It’s Looking a Lot Like 2008

by Kerry Lutz, Financial Survival Network:

John Rubino is back… With developing nations seeing their currencies collapse and bad stocks markets around the globe in negative territory (except the US) it’s beginning to look a lot like 2008. We answer your questions and cover a lot of ground. Best to be prepared and understand how to protect yourself. Remember in 2008 it all started with sub-prime mortgages and spread all over the globe. Could developing country currencies be the sub-prime bubble of yester-year.

Click HERE to Listen

The Global Financial System Is Unraveling, And No, the U.S. Is Not immune


by Charles Hugh Smith, Of Two Minds:

Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system.

Take a look at the Shanghai Stock Market (China) and tell me what you see:

A complete meltdown, right? More specifically, a four-month battle to cling to the key technical support of the 200-week moving average (the red line). Once the support finally broke, the index crashed.

Gold And Silver Are Acting Like It’s 2008. They May Be Right


by John Rubino, Dollar Collapse:

2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today’s world is beginning to feel eerily similar.

Let’s start with a little background. The mid-2000s economy boomed in part because artificially low interest rates had ignited a housing mania which featured a huge increase in “subprime” mortgage lending. This – as all subprime lending binges eventually do – began to unravel in 2007. The consensus view was that subprime was “peripheral” and therefore unimportant. Here’s Fed Chair Ben Bernanke giving ever-credulous CNBC the benefit of his vast bubble experience.

Sovereign Man’s podcast with financial legend Jim Grant

by Simon Black, Sovereign Man:

Last week I recorded the most memorable podcast I’ve hosted in some time.

Jim Grant, editor of the famed Grant’s Interest Rate Observer, joined us for a discussion. Grant’s, in my opinion, is one of the finest financial publications out there.

And it’s a treat to have a guy like Jim on the podcast.

Click HERE to listen

Keith Weiner: There Is An Interesting Development With The Gold-To-Silver Ratio


by Keith Weiner, via Silver Doctors:

Keith explains an interesting development that has occurred in the GSR which may be suggesting that now is a good time to trade one’s gold for silver…

This week, we are back to our ongoing series on capital destruction. Let’s consider the simple transaction of issuing a bond. Party X sells a bond to Party Y. We will first offer something entirely uncontroversial. If the interest rate rises after Y buys the bond, then Y takes a loss. Or if the interest rate falls, then Y makes a capital gain. This is simply saying that the bond price moves inverse to the interest rate.

However, it is highly controversial for some reason, to note that X is on the other side of the trade. If Y takes a loss then it is X’s gain. If Y makes a gain, then it is X’s loss. Party X is short the bond, and Party Y is long. When the price of an asset moves up, shorts lose and longs win. When it moves down, shorts win and longs lose.

COMEX Silver To Test 2015 Lows-Craig Hemke (04/09/2018)


by Craig Hemke, Sprott Money:

For nearly three years, we’ve contended that the price lows of December 2015 constituted a “bear market low” for COMEX Digital Silver. It now appears that this notion is about to be severely tested.

Let’s begin as we often do by asking you to go back and review something written a few weeks or months earlier. In this case, please check this link from late July:


And now let’s cut to the chase…

My Theory about Gold and Silver for Long-Term Investors


by Wolf Richter, Wolf Street:

Why are these trends so long and so big — both, up and down?

My early experience with silver gave rise to decades of observations that have formed my theory about the price cycles of gold and silver versus the US dollar. My first big loss – “big” only in percentage terms since I was just starting out – was with silver in the early 1980s. I did all the right things: I researched it; I bought physical silver; and I bought after it had crashed 70% from its spike. The spike had been caused by the Hunt brothers’ efforts to corner the silver market – manipulation of precious-metals prices being as old as the precious-metal trade itself.

The Coming Collapse Of U.S. Shale Oil Production

by Steve St. Angelo, SRSRocco Report:

The death of U.S. Energy Independence will occur when the collapse of shale oil production begins.  And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize.  The rate at which U.S. shale oil production declines in the future is based on two key factors, remaining reserves, and the oil price.

Before I get into the remaining shale oil reserves, let’s first consider the price.  When the oil price collapsed from mid-2014 to a low at the beginning of 2016, frackers cut drilling considerably.  From March 2015 to September 2016, total U.S. shale oil production fell approximately 600,000 barrels per day (info  However, this decline was not due to the peak in production, but rather, because the low oil price made drilling shale oil uneconomical.