Wednesday, February 20, 2019

Stocks and Precious Metals Chart – Me and My Baby

from Jesse’s Café Américain:
“Learn what is to be taken seriously and laugh at the rest.”

Hermann Hesse

“Narcissism falls along the axis of what psychologists call personality disorders, one of a group that includes antisocial, dependent, histrionic, avoidant and borderline personalities.

But by most measures, narcissism is one of the worst, if only because the narcissists themselves are so clueless.”

Video – “Gold Should Probably Be $5000” – CME Chairman

by Mark O’Byrne, Gold Core:
Video – “Gold Should Probably Be $5000” – CME Chairman Duffy

– Fed has caused “frustration” and “confusion” in market place
– “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce”
– “If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce”
– “Lot of us are so jaded about what is going on in the world, it is like yesterday’s newspaper in five minutes”
– “One day you will not be able to dismiss them and you will see a huge move in the precious metals”
– Gold “coins are probably of more value than anything else” – CME President Duffy on Bloomberg in 2013

Prediction Made Nearly 30 Years Ago Coming True Before Our Eyes – With ‘Chickens Coming Home To Roost’, We May Be ‘Counting Down The Minutes Until Everything Changes’

by Stefan Stanford, All News Pipeline:
– ‘This Could Very Well Be The Way They Try To Usher In Their One World Currency!’

In this December 31st of 2014 story from CNBC they begin: “If the future plays out like BNY Mellon’s chief economist expects, 2018 is going to be a year for the history books.” Warning within their story that 2018 will be the year “a number of chickens come home to roost”, they also reported then:

“I’m worried about 2018. I think by that time everything will all come due. We’ll have wage inflation. The Fed will have to tighten hard,” Richard Hoey told CNBC’s “Squawk Box” “I’m not worried about 2015. I’m not worried about 2016, not too much about 2017. I think the bill comes due in 2018, but that’s too far in the future to worry about now.

Andrew Hoffman – Janet Yellen’s Moment of “Truth”

by Kerry Lutz, Financial Survival Network:
What’s Really Happening Wednesdays with Andrew Hoffman:

Following last week’s “Operation July 4th week silver slam,” historically undervalued PM prices
Historic valuation anomalies – platinum/gold, silver/gold, numismatics
Today’s article, “silver versus the base metals bubble, Part II – Silver now undervalued versus everything!”
Whirlybird Janet’s Congressional economic testimony
Why is she lying through her teeth? And who doesn’t realize this yet?
Update – They do now, given her massively dovish prepared remarks!
Breaking down of fraudulent financial and market memes, everywhere!
Bitcoin “civil war” – and what it means.

Click HERE to Listen

US Economy Keeps Moving Into Summer Storm

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by David Haggith, The Great Recession Blog:
One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in sight during our lifetimes

“Would I say there will never ever be another financial crisis? No. Probably that would be going a little too far, but I do think that we’re much safer, and I hope that it will not be in our lifetimes, and I don’t believe it will be.” (CNBC Play video for quote on next crisis.)

That certainly calls to mind the times when Chairman Ben Break-the-banky pontificated about there being no housing bubble and no recession in sight:

Silver Expected to Rally

by Clive Maund, Streetwise Reports:
This could be an optimum time to buy silver and high-quality silver stocks, says technical analyst Clive Maund, as he expects a sizeable silver rally to ensue.
June is silver’s worst month of the year by far, on a seasonal basis, and its price dropped significantly this June. However, we are now well into July, and July is seasonally silver’s 2nd best month of the year, and as the month got off to a bad start, it is reasonable to expect things to look up, especially as silver put in what looks like a high-volume Reversal Day on Friday, when it broke down below support but then got back above it later in the day.

We can see silver’s dive into what looks like a capitulative high volume Reversal Day on Friday to advantage on its 6-month chart, and the chance of its having hit bottom is increased by the fact that there was a full moon at the weekend.

GOLD & SILVER MARKET: Four Interesting Developments

by Steve St. Angelo, SRSRocco Report:
There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has been acquiring record amounts of gold and silver. Furthermore, something interesting seems to have changed recently in the Silver Eagle sales market.

FIRST DEVELOPMENT: Let’s start off with showing the stunning amount of silver India imported in May. According to Smaulgld.com, India imported nearly 2,000{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more silver in May 2017 vs May 2016:

Mechanics of the Shanghai International Gold Exchange

by BullionStar, via Gold Seek:
In September 2014, the Shanghai Gold Exchange (SGE) established a physical gold trading and custody platform aimed at international gold investors, launching this platform as the “Shanghai International Gold Exchange (SGEI)“.

The Shanghai International Gold Exchange can be viewed in a number of ways. Organizationally, the SGEI it is a fully-owned subsidiary of the SGE and is registered in the Shanghai Pilot Free Trade Zone (FTZ)[1]. The SGEI’s offices are also located in the Shanghai Pilot FTZ in the Bank of China Tower, 200 Yincheng Road Central, Pudong, in Shanghai.

From a trading perspective, SGEI refers to the “International Board” of the Exchange. On this Board, a number of physical gold contracts (products) specifically designed for international gold investors are listed and traded. Since these products are physically delivered gold contracts, the SGEI infrastructure also encompasses a certified precious metals vault where the physical metal backing this gold trading is stored. This SGEI certified vault is also located in the Shanghai Pilot FTZ and is ring-fenced from the SGE’s network of gold vaults that serve the domestic Chinese gold market. The gold in the SGEI vault can be freely imported into and exported from the FTZ since the FTZ is deemed to be outside of China for customs purposes.

VISA takes its War on Cash to US Retailers

by Wolf Richter, Wolf Street:
Forget “legal tender.”

“We’re focused on putting cash out of business,” Visa’s new CEO Al Kelly said on June 22 at Visa Investor Day. Pushing consumers into digital and electronic payments is the company’s “number-one growth lever.” Visa has been dogged by the stubborn survival of cash and checks, despite widespread government and corporate efforts to kill them off.

Globally, check and cash transactions totaled $17 trillion in 2016, Visa President Ryan McInerney said. Confusingly, that’s up 2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from a year earlier.

So today, Visa rolled out a new initiative on its war on cash. It’s designed “for small business restaurants, cafés, or food truck owners,” and the like. In this trial, it will award up to $10,000 each to 50 eligible businesses (online businesses are excluded) when they commit to refusing cash payments.

Is This The Generation That Is Going To Financially Destroy America?

by Michael Snyder, The Economic Collapse Blog:
Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. So when you are talking about 4 trillion dollars you are talking about a huge chunk of our economy. But of course the federal government doesn’t bring in 4 trillion dollars a year. At the beginning of Barack Obama’s first term, we were 10.6 trillion dollars in debt, and now we are nearly 20 trillion dollars in debt. That means that we have been adding more than a trillion dollars a year to the national debt. When you break that down, that means that we have essentially been stealing more than a hundred million dollars from future generations of Americans every single hour of every single day to pay for our debt-fueled lifestyle. Even Federal Reserve Chair Janet Yellen is warning that this is not sustainable, and yet we just keep on doing it.