from ITM Trading:
JBSFC Return
by Turd Ferguson, TF Metals Report:
After a two week layoff, Batchelor and Cohen returned last evening with a thorough update of the latest events in the New Cold War.
As always, this is essential listening as nowhere else in western media will you find this sort of balanced and objective discussion. Please be sure to carve out some time to give this your full consideration.
Gold, Silver, Shale Oil Industry & The Economy: My Interview With James Kunstler
by Steve St. Angelo, SRSRocco Report:
How insane are the markets today? Well, it’s always a pleasure to discuss this and other topics with James Howard Kunstler. Jim and I had a lively conversation about gold, silver, the shale oil industry and the overall economy in his most recent KunstlerCast. James is one of the few that understands the dire energy predicament we face.
I started following James Kunstler after listening to an interview he had with Art Bell on Coast-To-Coast AM, back in 2005. James is way ahead of his time and in his book, “The Long Emergency” and in the video, “End of Suburbia” he describes what the world looks like after peak oil… and it isn’t pretty.
Gold And Silver: Similar To 2008
by Dave Kranzler, Investment Research Dynamics:
In 2008, gold was taken from $1020 to $700 and silver was pounded from $21 to $7 during the period of time that Bear Stearns, Lehman and the U.S. financial system was collapsing. The precious metals were behaving inversely to what would have been expected as the global financial system melted down. Massive Central Bank intervention was at play.
Currently the prices of gold and silver are being dismantled by what appears to be massive hedge fund shorting of Comex paper gold. As of last Tuesday, the “managed money” trader category as detailed in the Commitment of Traders report showed that the hedge funds were short a record amount of paper gold.
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
by Wolf Richter, Wolf Street:
Banks are curtailing “cash services.” But why?
In Australia, banks are reducing ATMs by about 8% a year. In the UK, ATMs — or cashpoint machines, as they’re termed locally — are disappearing at a rate of around 300 per month, leaving consumers in rural areas struggling to access cash, according to a new report by the consumers’ association, Which? The rate of closures has increased sixfold in the period from November 2017 to April this year from a steady pace of 50 per month since 2015.
A traditional plant native to Thailand effectively manages obesity, according to new study
by Michelle Simmons, Natural News:
Broken bones tree (Oroxylum indicum), a traditional plant native to Thailand, can potentially be used to manage obesity, according to a study published in the journal BMC Complementary and Alternative Medicine.
For the study, researchers from Suranaree University of Technology in Thailand derived the extract of broken bones from the fruit pods of the plant. They looked at the effects of broken bones plant extract on the adipogenic and biomolecular change in 3T3-L1 adipocytes. They used the cell line 3T3-L1 to establish the potential toxic effects of broken bones plant extract during adipogenesis, the differentiation of pre-adipocytes into adipocytes.
Economic war on Iran is war on Eurasia integration
by Pepe Escobar, Asia Times:
Hysteria reigned supreme after the first round of US sanctions were reinstated against Iran over the past week. War scenarios abound, and yet the key aspect of the economic war unleashed by the Trump administration has been overlooked: Iran is a major piece in a much larger chessboard.
The US sanctions offensive, launched after Washington’s unilateral pullout from the Iran nuclear deal, should be interpreted as an advance gambit in the New Great Game at whose center lies China’s New Silk Road – arguably the most important infrastructure project of the 21st century — and overall Eurasia integration.
Alex Jones suspended from Twitter after tweet calling to end censorship
by Sean P. Anderson, RT:
Controversial right-wing commentator Alex Jones has been banned from tweeting after he posted a link to a video of himself calling on President Trump to “take action” against tech companies censoring his content.
Infowars Editor Paul Joseph Watson tweeted a screenshot of the notification sent by Twitter staff to Jones. According to Twitter, a tweet by Jones one day earlier was considered to be “targeted harassment,” and, as a result, the Infowars host would have his access to the social-media platform restricted for one week. Watson described the situation as “truly, monumentally, beyond stupid.”
5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…
by Michael Snyder, The Economic Collapse Blog:
We haven’t seen carnage like this in the global financial marketplace in quite some time. On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world. Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline. This represents a dramatic change from the relative stability that we have seen throughout most of 2018. It is almost as if someone flipped a switch once the month of August began, and the shakiness of global financial markets has many investors wondering what trouble fall will bring. What we are witnessing right now is not a full-blown panic yet, but it definitely has the potential to turn into one.
Derivatives: Donald Trump’s Most Dangerous Knowledge Gap
by Pam Martens and Russ Martens, Wall St On Parade:
It has been soundly demonstrated that the President of the United States has a knowledge vacuum in proper presidential decorum, diplomacy, and accepted norms of behavior. Just yesterday the President Tweeted that a former black female colleague in the White House, Omarosa Manigault Newman, is a “crazed, crying lowlife” and a “dog.” On June 25, the President Tweeted that a sitting black female member of Congress, Maxine Waters, is “an extraordinarily low IQ person,” despite her being elected to 14 consecutive terms to the House of Representatives.
CARNAGE EVERYWHERE AS THE RAID WHACKED GOLD AND SILVER: GOLD DOWN $15.15 TO $1178.40
by Harvey Organ, Harvey Organ Blog:
SILVER DOWN 56 CENTS TO $14.50/EUROPEAN MARKETS PUMMELED AS WELL AS USA MARKETS/ BASE METALS MASSACRED AS WELL AS PRECIOUS METALS PALLADIUM AND PLATINUM
GOLD: $1178.40 DOWN $15.15 (COMEX TO COMEX CLOSINGS)
Silver: $14.50 DOWN 56 CENTS (COMEX TO COMEX CLOSINGS)
Closing access prices:
Gold $1174.90
silver: $14.43
