Saturday, April 20, 2019

Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis

by Mark O’Byrne, Gold Core:
The risks posed to investors and savers from the coming economic crisis and the threat of bank bail-ins, negative interest rates, ‘helicopter money,’ capital controls and the “cashless society” has been looked at in an excellent and timely article by economist John Adams, writing in the Daily Telegraph.

While the article is focused on how these risks threaten Australia and Australian investors and savers, the risks outlined are ones which threaten even those with modest amounts of wealth and all exposed to the western financial system.

Preserving Sanctity In Dark Times

from Jesse’s Café Américain:
“Somebody, after all, had to make a start.”

Sophie Scholl

I hope to update the charts on Thursday, Friday at the latest. For now, here is some other knowledge.

Some say that most of the time everyone wants to be great, because they have a natural desire for acceptance, recognition, and praise. Perhaps this is so. And alas, some wish to be great in order to set themselves apart from the rest of humanity with which they not only feel no kinship, but despise.

Andrew Hoffman – Everything is Fine, Nothing Can Go Wrong, Go Wrong…

by Kerry Lutz, Financial Survival Network:

What’s Happening Wednesdays with Andrew Hoffman:

Historic PM investment opportunity, following Monday’s “pre-Independence Day attack” Cartel raid
Economic Stagnation – CarMaggedon, Construction Spending Etc. – and now, rising interest rates care of a lunatic Fed!
Monetary Destruction – see Illinois, New Jersey, South Africa, etc.
G20 tensions – China, Germany
Geopolitical tensions – North Korea, Syria, Qatar
Etc., etc.

Click HERE to Listen

Keiser Report: Anarchy Currencies (E1093)

from RT:

Max and Stacy are in Mexico City, where they ask whether American childhood has taken an authoritarian turn, as posited by The American Conservative magazine. Max also interviews Jeff Berwick of DollarVigilante.com about crypto currencies, anarcho-capitalism and the Mexican business environment.

The Reason Why Gold & Silver Have Frustrated Investors Since 2011

by Steve St. Angelo, SRSRocco Report:
The biggest frustration to many precious metals investors, is why have the gold and silver prices under-performed the market since 2011? Actually, for gold it was since 2012. Even though gold hit a new record high of $1,900 in September 2011, its average annual price was higher in 2012 at $1,669 compared to $1,571 the prior year.

Regardless, the precious metals analysts back in 2012 were forecasting the market was going to experience even higher gold and silver prices, especially after the Fed announced QE 3 at the end of 2012. However, the precious metals community was taken by surprise as the gold and silver prices were hammered at the end of 2012 and into the beginning of 2013:

Will Trump Fire Yellen or Vice Versa

by Michael Pento, Market Oracle:
Citigroup’s Economic Surprise Index just hit its lowest level since August 2011. But this level of disappointment has ironically emboldened the Fed to step up its hawkish monetary rhetoric. The truth is that the hard economic data is grossly missing analyst estimates to the downside as the economy inexorably grinds towards recession. This anemic growth and inflation data should have been sufficient to stay the Fed’s hand for the rest of this year and cause it to forgo the unwinding of its balance sheet.

But that’s not what’s happening. Ms. Yellen and Co. are threatening at least one more rate hike and to start selling what will end up to be around $2 trillion worth of MBS and Treasuries before the end of the year–starting at $10 billion each month and slowly growing to a maximum of $60 billion per month.

But why is the Fed suddenly in such a rush to normalize interest rates and its balance sheet? Perhaps it is because Ms. Yellen wants to fire Trump before she hears his favorite mantra, “you’re fired,” when her term expires in early 2018. It isn’t a coincidence that these Keynesian liberals at the Fed started to ignore the weak data concurrently with the election of the new President.

The Fast Track to “Carmageddon”

by Jim Rickards, DailyReckoning:
Back in the 1950s when GM had 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the auto market they always said that, “As General Motors goes, so goes the nation.”

That was obviously a tribute to GM’s economic muscle and its role as the driver of growth and rising living standards in post-war America’s booming economy. Those days are long gone for both GM and the nation. GM’s drastically reduced 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} market share of U.S. light vehicle sales in June was still an economic harbinger, albeit of a different sort.

GM offered a record $4,361 of cash incentives during June. That was up 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from last year and represented 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its average selling price of $35,650 per vehicle, also a record. But what it had to show for this muscular marketing effort was a 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decline in year-over-year sales and soaring inventories. The latter was up 46{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from last June.

India: Cash is Back

by Pater Tenebrarum, Acting Man:
But the Crisis has Deepened and has Become More Entrenched (Part XIV)

Nobody for President

On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked a few people who Kovind is. No-one knew of him and people only vaguely remembered Ms. Kumar.

Enter The NatGas Cartel – Jim Willie

by Jim Willie, Gold Seek:
The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to create strife and to foment wars whereby the Arab oil monarchs will need more weapons. Since 2014, many events have pointed to the crippled condition of the important link between the USDollar and crude oil. The price has plunged by 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of more, and not recovered. It is currently lurching in the nether bounds near the $45 level. Anything less than $65 to $70 per barrel is very dangerous for keeping the oil sovereigns afloat and for keeping the US energy sector solvent. Witness the Wall Street banks having tremendous problems with impaired bonds and toxic energy portfolios. They seem not resolvable. They cannot keep the oil price over $50, a sign of their impotence.

NORTH KOREA LAUNCHES AN ICBM AND WITH THAT WAR DRUMS BEAT LOUDER/SAUDI ARABIA REJECTS THE QATARI NEW PROPOSAL AND THE BLOCKADE CONTINUES IN THE GULF

SOUTH AFRICA TO NATIONALIZE ITS CENTRAL BANK AND THEN THEY WISH TO CONFISCATE ALL PRIVATE LANDS IN WHITE HANDS
from Harvey Organ:

MOODY’S SET TO DOWNGRADE ILLINOIS TO JUNK DESPITE THEIR BUDGET AGREEMENT/CARMAGEDDON IN THE USA ADVANCES.

In silver, the total open interest SURPRISINGLY ROSE BY 2485 contract(s) UP to 203,541 DESPITE THE DRUBBING IN PRICE THAT SILVER TOOK WITH FRIDAY’S RAID (DOWN 47 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0175 BILLION TO BE EXACT or 145{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 397 NOTICE(S) FOR 1,985,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY FELL BY ONLY 3,356 CONTRACTS DESPITE THE HUGE FALL IN THE PRICE OF GOLD ($20.80 with FRIDAY’S TRADING). The total gold OI stands at 457,201 contracts.

we had 1 notice(s) filed upon for 100 oz of gold.

Read More @ Harveyorganblog.com

Buy Gold Near $1,200 “As Insurance” – UBS Wealth

by Mark O’Byrne, Gold Core:
– Buy gold near $1,200 “as insurance” – UBS Wealth
– UBS believe investors should take advantage of gold’s first monthly decline
– “We like the insurance qualities for gold” on uncertainty
– Strong demand, weak output and low dollar to support
– Warning as North Korea tests intercontinental ballistic missile
– Launch of ICBCM is a “new escalation of the threat” and revives geo-political risks
– Syria, Qatar, Saudi, Israel, Iran risks mean Middle East remains powder keg
– Academic research points to gold’s role as a safe haven
– Gold as Safe Haven a must read for investors