from King World News

As stock markets top, here is the latest on key markets, including gold & silver.

By Bill Fleckenstein President Of Fleckenstein Capital

July 5 (King World News) – Overnight equity markets were net-net lower while we were out on holiday. Our market joined the downside today by losing about 0.75% in the first couple of hours of trading, with the Nasdaq a bit worse, led lower by chip stocks. Over the course of the day the market slid some more and with an hour to go had lost about 1%…

Continue Reading at KingWorldNews.com…

from FinanceAndLiberty.com

Gold on a tear!!Swiss bonds are in negative territory from 40 yrs out/Italian banks in serious trouble/Renzi orders that shorting of Monte di Paschi is not allowed/Deutsche bank continues to slide/Three British property funds stop redemptions as confidence falters in Gr. Britain

by Harvey Organ
Harvey Organ’s Blog

Good evening Ladies and Gentlemen:

Gold: $1,356.40 UP $19.70 (comex closing time)

Silver 19.87 UP 33 cents

In the access market 5:15 pm

Gold: 1357.00

Silver: 19.97

Continue Reading at HarveyOrganBlog.com…

from Financial Survival Network

Bob Pierce believes that the situation is quite serious now. Northern Ireland is very serious about their desire to leave the UK. There is an agreement that will allow Northern Ireland to vote to dissolve the border between the Republic of Ireland which is still a member of the EU, thus allowing Northern Ireland to remain in the EU and become part of the Republic of Ireland and stay in the EU. How it will wind up is anyone’s guess. Among Bob’s accomplishments: * Irish Historian * Writing and Publishing Specialist * Handgun and Tactical Defense Expert * Former US Navy Serviceman * Award Winning Graphic Designer * 3 Communicator Awards for Magazine Design * Grammy Award Nominee * Author of many Top Selling books including the widely popular “Ascention, The Fight for the Throne of Kirin.” Check out his website at BobsAwesomeBooks.com.

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from Financial Survival Network

Thomas DiLorenzo is an American economics professor at Loyola University Maryland Sellinger School of Business. In a move surprising to absolutely no one, the most corrupt banker in U.S. history, former Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson, has formally endorsed Hillary Clinton. In a post for LewRockwell.com, economics expert and author of the upcoming book The Problem with Socialism, Tom DiLorenzo, describes Paulson as “a sworn enemy of capitalism and a socialist when it comes to the capital markets.” “Socializing billions of dollars in investment bank, insurance company, and automobile industry losses with taxpayer dollars qualifies Paulson as deserving of the S-word label,” writes DiLorenzo. “As such, Hillary Clinton may well have found a new political and financial soulmate.”

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Overweight has become the new normal

by Sally French
Market Watch

It’s no secret that America’s waistlines have gotten bigger. But this mesmerizing graphic shows exactly when this happened.

Nearly 70% of American adults over the age of 20 are considered at least overweight, and more than one-fourth is considered obese. That’s up from roughly one in four 20 years ago. And the percentage of adults who had been advised to exercise increased from 22.6% in 2000 to 32.4% in 2010, according to the Centers for Disease Control and Prevention.

FlowingData’s Nathan Yau shared this chart, which is based on Body Mass Index. BMI takes into account weight and height. While BMI is the main calculation to measure obesity, it is controversial particularly among athletes, because it doesn’t take into account muscle mass, which weighs more than fat (The average Denver Bronco’s player has a BMI that puts them in the obese range).

Continue Reading at MarketWatch.com…

Bank of England Governor Mark Carney has advised people “to be prudent” when taking out mortgages

from Telegraph.co.uk

Mark Carney has warned prospective buyers to proceed carefully if planning to borrow money as the economic landscape continues to shift following the UK’s vote to leave the European Union.

“We are advising people to be prudent,” the Bank of England Governor said. “If you are taking out a mortgage, at some stage, during the life of that mortgage, conditions will be difficult.”

Despite the Bank of England cutting restrictions on banks and releasing funds that will allow banks to lend an extra £150bn in an attempt to ensure that the supply of credit does not dry up, Mr Carney cautioned borrowers to think about the affordability of their loans in the long term.

Continue Reading at Telegraph.co.uk…

by Ryan McMaken
Mises.org

The FBI announced today that Hillary Clinton will not be indicted for any change — not even a misdemeanor charge — related to her use of unsecured personal servers for storage of classified government materials.

In an age of aggressive government prosecution, the casual treatment of Clinton’s alleged crimes by the FBI will no doubt raise the eyebrows of those who keep tabs on the rising tide of federal prosecutions against ordinary people like Aaron Swartz and white collar “criminals” like Martha Stewart or Mark Cuban for made-up crimes such as insider trading or “making false statements” to government employees.

Continue Reading at Mises.org…

by Mac Slavo
SHTF Plan

“There’s too much of everything…” The debt, the currency collapse, the global economy, and the institutions we’ve all taken for granted.

All of it is head for prolonged collapse, and revolution.

Michael Krieger of Liberty Blitzkrieg warns about the immense scale of the problems that have been triggered by the Brexit – and could lead to the complete disintegration of the European Union.

The status quo is being disrupted, and a major, major event is coming. This one may well be big enough to wipe everyone out, that is those who aren’t able to duck out and survive.

Continue Reading at SHTFPlan.com…

by Mike ‘Mish’ Shedlock
Mish Talk

Three UK Asset Managers Freeze Withdrawals From Property Funds

Chinese Day Traders Fuel Rally in Silver says Saxo Bank

Japan Locks Military Radar on Chinese Fighters in Dispute Over Senkaku Islands

Spain’s Social Security Program Will Go Bust in 2018

ECB Triggers Another Bank Shares Selloff, Tells Monte dei Paschi to Shed More Assets

Continue Reading at MishTalk.com…

by Turd Ferguson
TF Metals Report

Since writing this report on June 25, The Banks have surged total Comex gold open interest by another 22,000 contracts or 3.5%, all in a desperate attempt to contain the “price” of gold below the post-Brexit highs.

The purpose of this update is to once again highlight the tenuous and desperate situation of The Bullion Banks. These Banks are trapped short in Comex paper gold derivatives and they are clearly attempting to contain/restrain price below $1350 and the post-Brexit highs near $1360. How do we know this? Check the chart below:

Continue Reading at TFMetalsReport.com…

from Bill Still

from Zero Hedge

In a scandalous announcement, FBI director James Comey moments ago said that “although there is evidence of potential violations of the statutes regarding the handling of classified information” and he gave extensive evidence of just that, “our judgment is that no reasonable prosecutor would bring such a case.” He added that “prosecutors necessarily weigh a number of factors before bringing charges. There are obvious considerations, like the strength of the evidence, especially regarding intent. Responsible decisions also consider the context of a person’s actions, and how similar situations have been handled in the past.”

Continue Reading at ZeroHedge.com…

by Patrice Fusillo
The Gold Report

Howard Flinker has been managing money for a long time and is always on the lookout for cyclical opportunities. Right now gold and silver companies are on his radar. Increasing demand from Asia and shrinking supply make this a prime time to focus on precious metals. In this interview with The Gold Report, Flinker details three companies in his portfolio poised to deliver outsized returns, including one that is bitcoin for gold.

The Gold Report: Would you tell us a little about your money management company?

Howard Flinker: I’ve been in the business a long time and have a small money management firm. My approach is to exclude technology, first of all, and then everything else is essentially based on Graham & Dodd, long or short. On the long side, I want companies that have good operational statistics and records and cheap prices, and on the short side, expensive prices and lousy operational records.

Continue Reading at TheAuReport.com…

from ReasonTV

by Lance Roberts
Real Investment Advice

With the markets closed on Monday for the annual “Independence Day” holiday, the technical analysis from the past weekend’s missive still holds. As I stated:

“I discussed the likelihood of Central Banker’s leaping into action to stabilize the financial markets following the British referendum to leave the E.U.

Then on Thursday more announcements came from both the Bank of England and ECB:

– BOE: SOME MONETARY POLICY EASING LIKELY OVER SUMMER
– BOE: MPC WILL DISCUSS FURTHER POLICY INSTRUMENTS IN AUG
– ECB: TO WEIGH LOOSER QE RULES AS BREXIT DEPLETES ASSET POOL
– ECB: OPTIONS TO INCLUDE MOVING AWAY FROM QE CAPITAL KEY
– ECB: CONCERNED ABOUT SHRINKING POOL OF ELIGIBLE DEBT

Continue Reading at RealInvestmentAdvice.com…

by Martin Armstrong
Armstrong Economics

To indict someone, the criteria is supposed to be “intent” and Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything and says that her lawyers erased emails using a key word search program and they did not “read” the emails. He added that he would not recommend charges against Hillary or her aides. He added:

“Although we did not find clear evidence that Secretary Clinton or her colleagues intended to violate laws governing the handling of classified information, there is evidence that they were extremely careless in their handling of very sensitive, highly classified information.”

It was Comey who indicted Frank Quattrone for claiming he instructed his people to erase emails in his technology-industry banking group at Credit Suisse Group’s Credit Suisse First Boston based upon a single email that read “clean up those files” in December 2000.

Continue Reading at ArmstrongEconomics.com…

from Kitco NEWS

by Chris Campbell
Laissez Faire Books

“Myths and legends die hard in America” – Hunter S. Thompson

Hope you enjoyed the fireworks during the holiday weekend. I’m talking, of course, about the prices of silver and gold. (Holy crap.)

It’s no surprise precious metals are on a tear, though. Our newsfeeds have been spilling over with plenty of reasons for the average investor to rush his or her money out of the monetary system.

Everywhere we look, evidence is clear that economies are splitting apart at their over-centralized stitchings.

Continue Reading at LFB.org…

by JL Yastine
The Sovereign Investor

Did you read the story about the Brexit hypnotist?

According to a U.K. publication, one of the leading Brexit campaign organizations brought in a hypnotist as a consultant to view their “leave” television commercials in production and suggest ways to make them more effective.

But they were quick to add: “We didn’t hypnotize anyone.”

Turns out the Brexit “remain” supporters were the ones in a trance. The majority of Britain’s voters made their preference crystal clear: We want to leave the EU.

Now comes the hard part — navigating the murky waters of a post-Brexit world.

Continue Reading at TheSovereignInvestor.com…

from Gregory Mannarino

by Visual Capitalist
Silver Seek

Commodities are back!

While commodity performance in Q1 was promising, it was mainly precious metals and zinc that buoyed everything else. Energy and base metals were relatively flat on the quarter, with uranium and natural gas having the biggest declines.

However, the game changed considerably in Q2. We now live in a post-Brexit world, where the real risk of further contagion in Europe is prompting investors to seek insurance policies. Silver is hovering near the $20 mark, which makes it the best performing commodity of the first half of 2016 with a 43.6% return.

Continue Reading at SilverSeek.com…

from Casey Research

The global banking system—and your financial future—are at serious risk right now…

To understand why, just look at what’s going on with the government’s latest radical policy.

Regular Dispatch readers know we’re talking about rock-bottom interest rates.

According to MarketWatch, global interest rates are at the lowest level in 5,000 years. Credit is cheaper right now than at any point since the First Dynasty of ancient Egypt, around the 32nd century BC.

Continue Reading at CaseyResearch.com…

from Kitco NEWS

by Ben Wright
Telegraph.co.uk

In the opening scene of Alan Bennett’s play The History Boys a clever academic advises some politicians on how to sell a “tricky” bill that will restrict trial by jury. He suggests that MPs tell the public that the new laws will mean miscreants are swiftly punished, ensuring that people have the freedom to walk the streets unmolested. The bill can therefore be portrayed as one that increases, rather than diminishes, civil rights.

“‘The loss of liberty is the price we pay for freedom’ type thing,” says Irwin (for that is the character’s name). “Paradox works well and mists up the window, which is handy.”

The time is surely ripe for a West End revival of the play. Never has paradox been employed so methodically and successfully in the furtherance of a political cause than by the campaign advocating that the UK leave the European Union.

Continue Reading at Telegraph.co.uk…

by Michael Krieger
Liberty Blitzkrieg

“What Difference Does It Make.” Those simple words offer a perfect glimpse into the life and times of Hillary Clinton. A woman who gets away with everything and anything, and who now wants to be President of these United States.

From her earliest days as a public figure, an aura of shadiness and lack of accountability permeates. For starters, there’s the infamous 1978 case of her turning $1,000 into $100,000 by trading cattle futures, an endeavor in which she had no expertise.

As the New York Times reported in its 1994 story:

Continue Reading at LibertyBlitzkrieg.com…

from Bill Still

by Mac Slavo
SHTF Plan

The future is what they filter.

Silicon Valley has taken over, though ultimate control remains in the hands of bankers.

We have reached the point where Facebook is so powerful, experts admit it could rig an election just by geofiltering where voting reminders appear. Google search results can have a similar diminishing effect on democracy. These new elite have control of the information that our society is made up of.

You will vote for those whom they have selected, and you will read views which have been promoted. As the London Telegraph reports:

Continue Reading at SHTFPlan.com…

from Jesse’s Café Américain

If one compares the US monetary base per capita vs the price of gold in US dollars, we can see a historical relationship that diverges for long periods of time, but always seems to return to a closer relationship during periods of financial stress.

This is the case that some might make for gold with a price target of $5,000 per oz., which the potential to spike as high as $12,000.

Personally I hope we do not see financial stresses that drive the price of gold to that higher level.

These charts are from Nick Laird at goldchartsrus.com.

Continue Reading at JessesCrossroadsCafe.Blogspot.ca…

from Stefan Molyneux