Sunday, July 25, 2021

SILVER GREEN ALERT – ONE OF THE BEST BUYING OPPORTUNITIES FOR YEARS…

by Clive Maund, Silver Seek:
There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: – we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016.

Zero Times Anything Is Still ZERO! – Bill Holter

by Bill Holter, JSMineset:
I had to chuckle after getting caught up in the ZeroHedge click bait headline. First we should look at the article itself and then analyze the stupidity prevailing even among large and supposedly “wise” money managers.

As for the article, it was penned by Michael Snyder who has done some very good work in the past as he did with the legwork for this one. The problem(s) I see are that first, the mystery investor did not make a $262 million bet. This is the maximum amount he might be able to make between now and October. The original “investment” is far less than this and would normally be considered the amount of the “bet” if this was the amount they could possibly lose.

But herein lies the problem, the “bet” has literally an unlimited loss potential because in a complete blowout market, this trader is essentially short 262,000 VIX Oct. 25 call contracts. Never mind all the other bells and whistles in this trade, should the market crash and fear run unbridled, the net/net is this uncovered short call position of 262,000 contracts. So, the title is misleading in the first place because the original bet was only a small fraction of $262 million but the potential loss could certainly be in the multiple $billions … not like any lottery ticket I have ever seen or would even touch!

Existing Home Sales Tank This Summer: Fact vs Fiction

0

by Dave Kranzler, Investment Research Dynamics:
Existing home sales declined nearly 2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in June from May on a SAAR basis (Seasonally Adjusted Annualized Rate). (SAAR is the statistically manipulated metric used by industry organizations and the Government to spin bad monthly economic data into an annualized metric that hides the ugly truth).

Here is the NAR-spun fiction: “Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget…” – Larry Yun chief “economist” for the National Association of Homebuilders.

“Probably Not a Coincidence that the Prime Minister and I Were in Seattle meeting with Warren Buffett”

by Wolf Richter, Wolf Street:
Canadian Finance Minister boasts about Crony Capitalist Bailout of collapsed mortgage lender. But his assumptions might be wrong.

“Just like I said, a back door bailout in Exchange for something down the line. Very very dirty,” tweeted Bay Area short-seller Marc Cohodes in response to Canadian Finance Minister Bill Morneau’s gloating about the government’s role in the bailout of Home Capital Group.

Home Capital Group is Canada’s largest alternative mortgage lender. It focuses on new immigrants and subprime borrowers that have been turned down by the banks. It had been melting down ever since revelations of liar loans surfaced in 2015. Liar loans don’t exist in Canada’s clean housing market. They’re a US thing. By April this year, Home Capital was collapsing as a run on its deposits crushed its funding sources. A very onerous and controversial funding package was arranged in all haste to keep it afloat, as the industry – and as we now know, the Canadian government – worried about contagion.

Audioblog #203-Unprecedented, Hyperinflatonary Liquidity Explosion Will Shortly Yield Historic Bull Market In “Scarcity Assets”

by Andrew Hoffman, Miles Franklin:
For 27 years the staff at Miles Franklin has delivered excellence in many ways – knowledge, relationships, product offers and customer service. They understand the macro/micro economics and geo–political advantages to investing in precious metals to protect your wealth. The team at Miles Franklin build life-long relationships because they custom-tailor solutions for investing in precious metals to meet each individual’s needs and circumstances. Our brokers have or can acquire most any type of precious metal from anywhere in the world. Each and every order is managed and monitored from start to finish. We are licensed, bonded, and carry an A+ BBB rating.

Click HERE to Listen

GOLD AND SILVER STEADY TODAY/GLD LOSES ANOTHER 9.62 TONNES AND YET GOLD REMAINS CONSTANT/EU SOUNDS ALARM BELL IF THE USA PASSES MORE SANCTIONS AGAINST RUSSIA

IRAN AND USA EXCHANGE HEATED WORDS/FBI SEIZES CRUSHED HARD DRIVES OF THE AWAN BROTHERS AND ALSO RAID FORMER DNC CHAIRWOMAN DEBBIE WASSERMAN SCHULTZ
from Harvey Organ:

In silver, the total open interest ROSE BY 127 contract(s) UP to 206,498 WITH THE RISE IN PRICE THAT SILVER TOOK WITH FRIDAY’S TRADING (UP 11 CENT(S).TODAY WE HAD SPEC SHORTS AND BANKERS WORKING IN CONCERT TRYING TO COVER THEIR SHORTS. THE COT REPORT CONTINUES TO SHOW NEWBIE SPEC GOING SHORT WITH THE ACCOMPANYING COMMERCIALS GOING NET LONG. ON FRIDAY NEW SPEC LONGS ENTERED THE ARENA SMELLING TROUBLE WITH RESPECT TO USA POLITICS. THE BANKERS ARE STILL HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.037 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 17 NOTICE(S) FOR 85,000 OZ OF SILVER

In gold, the total comex gold FELL BY A MONSTROUS 17,375 CONTRACTS DESPITE THE RISE IN THE PRICE OF GOLD ($8.75 with FRIDAY’S TRADING). The total gold OI stands at 463,798 contracts. WE EITHER HAD MASSIVE SHORT COVERING BY THE BANKERS OR MOST PROBABLY WE HAD A HUGE TRANSFER OF 17,375 EFP’S AS WE ENTER AN ACTIVE GOLD CONTRACT MONTH. HOWEVER THIS WOULD BE VERY EARLY IN THE DELIVERY CYCLE FOR THIS TO HAPPEN. STRANGELY WE DO NOT WITNESS THIS WITH SILVER!!!.

we had 2 notice(s) filed upon for 200 oz of gold.

Read More @ Harveyorganblog.com

Stocks and Precious Metals Charts For the Week Ending 21 July – No Fear

from Jesse’s Café Américain:
“He who sows good seed is the Son of Man,
the field is the world, the good seed the children of the kingdom.
The weeds are the children of the evil one,
and the enemy who sows them is the devil.

The harvest is the end of the age, and the harvesters are angels.
Just as weeds are collected and burned up with fire,
so will it be at the end of the age.
The Son of Man will send his angels,
and they will collect out of his kingdom
all who cause others to sin and all evildoers.

They will throw them into the furnace,
where there will be crying and grinding of teeth.
Then the righteous will shine like the sun
in the kingdom of their Father.
Whoever has ears let them hear.”

Matthew 13:30-43

“No place so sacred from such fops is barred,
Nor is Paul’s church more safe than Paul’s churchyard:
Nay, fly to altars; there they’ll talk you dead:
For fools rush in where angels fear to tread.”

The Elites Are Privately Warning About a Crash

by Jim Rickards, DailyReckoning:
Many everyday citizens assume powerful global financial elites operate behind closed doors in secret conclaves, like the scene of a Spectre board meeting in the recent James Bond film.

Actually, the opposite is true. Most of what the power elite does is hidden in plain sight in speeches, seminars, webcasts and technical papers. These are readily available from institutional websites and media channels.

It’s true that private meetings occur on the sidelines of Davos, the IMF annual meeting and G-20 summits of the kind just concluded. But the results of even those secret meetings are typically announced or leaked or can be reasonably inferred based on subsequent policy coordination.

There Is Only One Empire: Finance

0

by Charles Hugh Smith, Of Two Minds:
Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency.

There’s an entire sub-industry in journalism devoted to the idea that China is poised to replace the U.S. as the “global empire” / hegemon. This notion of global empire being something like a baton that gets passed from nation-state to nation-state is seriously misleading, in my view, for this reason:

There is only one global empire: finance. China and the U.S. both exist within the Empire of Finance. Virtually every mercantile nation with access to global markets lives, works and thrives/dies within the Empire of Finance. Every nation that allows capital to flow into its economy is subservient to the Empire of Finance. Every nation with capital and debt markets exposed to (or dependent on) global financial flows is just another fiefdom in the Empire of Finance.

Commercial Property Market In Dublin Is Inflated and May Burst Again

0

by Mark O’Byrne, Gold Core:
Dublin property investors had better hope that Brexit happens soon.

They should also hope that it’s not just a ‘hard’ Brexit, but a granite Brexit — a Brexit that’s as hard as possible. They should be betting on the buffoonery of Boris Johnson, down on both knees praying for a massive barney between Davis and Barnier.

A granite Brexit might prompt the migration of hundreds of corporate refugees from isolated London to the freewheeling safe haven of Dublin. If Brexit doesn’t drive a massive uptake in demand for prime property, we are in for a massive wobble in our inflated commercial property market.

Zoe’s Ark And The Blurred Lines Between Humanitarian Aid And Exploitation

0

by Elizabeth Vos, Disobedient Media:
Where is the line between humanitarian aid and exploitation? Cases like the Zoe’s Ark scandal, the Silsby scandal, and others provide a troubling picture of war torn or disaster stricken areas creating situations ripe for abuse by NGO’s and other “charitable” groups that severely lack public or governmental accountability to be able to exploit vulnerable areas without proper oversight. These cases raise the question of transparency in aid work, and suggest that issues in this area have been ongoing in different regions for some time.