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Have You Been Damaged by the Manipulation of Gold and Silver?

by Jim Sinclair
JSMineset

Dear CIGAs,

I have been exploring and analyzing the present and proposed litigation of Gold and Silver Precious Metals (PMs). I have reached some conclusions and want to share my views and offer you an important opportunity to join with me to address this problem in a never before used litigation approach.

Are you a PM share investor? … A PM producer? … A company whose business was injured as a result of the manipulation and suppression of the price of Gold or Silver? If so, please email me as soon as possible, and provide contact information for me to confer with you. If your entity meets the above criteria, I will speak with you personally as soon as possible.

Continue Reading at JSMineset.com…

Gold Daily and Silver Weekly Charts – Smarter Money Moving Out of Equities and Into Gold

from Jesse’s Café Américain

There were two items of intraday commentary on the precious metals which you can find by scrolling down. The more important of them is linked below. I found it to be a little surprising this morning.

Myron Scholes Sees Stagflation Coming, Stock Declines, Suggests Safe Havens Including Gold and Silver

First Rogoff and now Scholes. Maybe Mackay was right, that men go mad in herds, but come back to their senses one at a time.

I also found this story to be interesting in a similar vein, although Stanley is not an economist.

Continue Reading at JessesCrossroadsCafe.Blogspot.ca…

Bill Fleckenstein on Gold, Silver, the Shares and a Coming Black Swan That Will Trigger Downside Chaos

from King World News

On the heels of global stock markets trading to the downside, continued uncertainty in currency markets and gold and silver consolidating recent gains, today one of the great short sellers in the business discussed the action in gold, silver, the shares, and a coming black swan that will trigger downside chaos.

By Bill Fleckenstein President Of Fleckenstein Capital

May 4 (King World News) – Overnight markets were weaker, as were the SPOOs, and the stock market lost about 0.5% right off the bat. From there we had a decent rally, which trimmed the gains about in half, but by midday the indices were back to the lows. There was a lot more motion — i.e., hand-to-hand combat — than that sentence implies, just as there was huge volatility in lots of different individual stocks that I was looking at. I’m not sure exactly what the ramifications are of that, if any. I suppose it may just be the market’s way of frustrating as many people as possible…

Continue Reading at KingWorldNews.com…

Harvey Organ’s Daily Gold & Silver Report – 2016.05.05

Open interest rises an astonishing 17,000 contracts and 65,000 contracts in 4 days/China again reissues warning to the USA not to raise interest rates or else they will hugely devalue/ that sends bourses southbound around the globe/Huge rise inthe price of pork in China may set off citizen anger and may lead to huge protests/UK bubble bursts as condominium builders offering a 20% discount/Aeropostale goes belly up

by Harvey Organ
Harvey Organ’s Blog

[…] At the gold comex today we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 143 notices for 715,000 oz for the non active April delivery month.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 228.04 tonnes for a loss of 75 tonnes over that period

In silver, the open interest fell by 1022 contracts down to 198,237 as the price was silver was down by 19 cents with respect to yesterday’s trading. In ounces, the OI is still represented by just under 1 BILLLION oz i.e. .991 BILLION TO BE EXACT or 141% of annual global silver production (exRussia &ex China) We are now within spitting distance of all time highs for OI with respect to silver In silver we had 143 notices served upon for 715,000 oz.

Continue Reading at HarveyOrganBlog.com…

Andrew Hoffman – Time to Welcome Armageddon?

from Financial Survival Network

‘Where Are We Going Next’ Wednesdays with Andrew Hoffman:

NIRP ramifications exploding! Schwab, pension funds, etc. Now that markets falling again, back in focus.

Cartel record short position, fighting to the monetary death

Horrible ADP report today – portends last leg of fabricated “recovery” dying

“Goldbugs” deemed to “root for Armageddon” – HOGWASH!

Click Here to Listen to the Audio

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Bix Weir – World Financial System: No Limits, No Sanity




from Financial Survival Network

According to Bix Weir, the world financial system is just one mouse click away from its final implosion. Think of it as the financial nuclear football, very few people know the codes and no one wants to step up and blow up the current system. The fallout is going to be cataclysmic and it will be a major event in human history. Bix is on his way to finishing his fourth book, his personal conversations with the God of Finance (yes we know there’s only one god). Always entertaining and interesting, Bix is one of a kind. We’ll all meet and have cocktail on the Road to Roota.

Click Here to Listen to the Audio

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Ned Schmidt – Dollar Dies and Commodities Rise

from Financial Survival Network

The always colorful and insightful Ned Schmidt joined us today. What’s bad for the dollar is evidently turning out to be good for Gold and Silver too. The dollar peaked late last year and now it’s starting to decline. Whether by accident or design, this is creating opportunities that were not expected. Certain select mining stocks were up 100 percent or better the past four months. Ned cautions that the gains won’t be so striking in the coming months, but they’re still going to be outperforming. A wild ride is ahead.

Click Here to Listen to the Audio

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Pat Finds Financial Salvation at Mike’s Boot Camp (Episode #60)

from Mike Gazzola’s Instant Equity: A Proven Real Estate Investment System

It’s always amazing to see the diversity of the people who attend Mike’s Boot Camp real estate training events. They range from Gen “Xer’s” to retirees and everyone in the middle. At Mike’s latest camp we had the pleasure of meeting Pat, a widowed retiree who found herself facing a number of financial challenges. Before attending the event, Pat was considering going back to work, in order to make ends meet. It’s amazing the transformations that people go through at these live trainings. By the end of the session, Pat had purchased two lots and was in the process of listing them online. She got some major bargains that will help finance her future endeavors into real estate investing. It’s so much easier when you have a plan.

Just go to TeachMeMike.com and get started now!

Click Here to Listen to the Audio

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Let the TTIP Trade Pact Die if it Threatens Parliamentary Democracy

TTIP would create the world’s largest trading bloc, but at a price

by Ambrose Evans-Pritchard
Telegraph.co.uk

Unloved, untimely, and unnecessary, the putative free trade pact between Europe and America is dying a slow death.

The Dutch people have amassed 100,000 signatures calling for a referendum on this Transatlantic Trade and Investment Partnership, or TTIP as we know it. The number is likely to soar after Greenpeace leaked 248 pages of negotiation papers over the weekend.

The documents do not exactly show a “race to the bottom in environmental, consumer protection and public health standards” – as Greenpeace alleges – but they do raise red flags over who sets our laws and who holds the whip hand over our eviscerated parliaments.

Continue Reading at Telegraph.co.uk…

Venezuela Should Be Rich. Instead It’s Becoming a Failed State.

by Matt O’Brien
Washington Post

It’s come to this: The country with the largest oil reserves in the world can’t afford to brew its own beer, stay in its own time zone, or even have its own people show up to work more than two times a week.

Venezuela, in other words, is well past the point of worrying that its economy might collapse. It already has. That’s the only way to describe an economy that the International Monetary Fund thinks is going to shrink 8 percent and have 720 percent inflation this year. And that’s not even the worst of it. No, that’s the fact that the state itself is near collapse. Venezuela already has the world’s second-highest murder rate, and now the Chavista regime seems to be threatening violence of its own if the opposition succeeds in recalling President Nicolás Maduro. It’s a grim race between anarchy and civil war.

This is an entirely man-made catastrophe.

Continue Reading at WashingtonPost.com…

Fitch: Widening Pool of Negative-Yielding Debt Squeezing Sovereign Investors

from Reuters.com

NEW YORK, May 04 (Fitch) Growth in the amount of sovereign debt trading at negative yields is putting increasing pressure on investors that depend heavily on income from government securities, according to Fitch Ratings. The global supply of long- and short-term sovereign securities yielding less than zero now nears $10 trillion, constraining the ability of banks, insurers and other sovereign investors to generate fixed-income returns. “Unconventional monetary policies in Japan and Europe have pushed sovereign yields to new lows, limiting investors’ ability to maintain profits through investment income,” says Robert Grossman, Managing Director, Macro Credit Research. The total amount of negative yielding government debt stood at $9.9 trillion ($6.8 long-term and $3.1 short-term) globally as of April 25, 2016. This debt currently yields negative 24 basis points (negative $24 billion) annually.

Continue Reading at Reuters.com…

Breaking Down Warren Buffett’s Rosy Outlook for America

by Simon Black
Sovereign Man

There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre.

And no, I’m not talking about Donald Trump. Warren Buffett is an even better example.

As one of the richest men in the world, Buffett’s opinions carry almost Biblical impact, even when they might be completely ridiculous.

Just a few days ago, for instance, he quipped that drinking Coca Cola is better for him than eating broccoli.

Continue Reading at SovereignMan.com…

EU Plans $290,000 Per Person Fine on Countries Refusing “Fair Share” of Refugees; Case For Brexit Crystallized

by Mike ‘Mish’ Shedlock
Mish Talk

The European Commission plans fines of $290,000 per person on countries refusing to take in their fair share of refugees.

This plan is aimed straight at Poland, Slovokia, Hungary, the Czech Republic, and Austria.

The UK, Ireland, and Denmark all have opt-out policies, but the UK cannot expect that to last forever unless the vote goes for Brexit.

Punitive Fines

Today the EC fired a warning shot across the bow of countries who believe they have a right to control their foreign policies.

Continue Reading at MishTalk.com…

Warren Buffett Finally Comes Clean…

by Michael Covel
Daily Reckoning

At last week’s annual Berkshire Hathaway meeting, Warren Buffett made a startling confession…

He spilled the beans on something he’s been doing quietly behind-the-scenes for years.

I’ve written about this in my books…

And now, after all these years, he’s finally confessed.

It’s a revelation that goes against all you’ve been led to believe about his extraordinary investment success.

Continue Reading at DailyReckoning.com…

What the Press is Not Talking Above Bernie Beating Hillary

by Martin Armstrong
Armstrong Economics

Bernie beat Hillary in Indiana. They are focusing on Trump beating Cruz ignoring that Bernie beat Hillary. What this is revealing is that people are angry at government. Bernie and Trump have a lot more in common. In Spain, the King had to dissolve Parliament because the politicians could not win a majority or form a government. This is a worldwide phenomenon. This is NOT about Trump – this is about government as a whole.

Continue Reading at ArmstrongEconomics.com…

Trump Irony: Candidacy May Unify U.S. with Mexico

by Daily Bell Staff
The Daily Bell

Ted Cruz drops bid for Republican nomination, clearing path for Trump … Ted Cruz suspended his US presidential campaign on Tuesday after a crushing defeat in Indiana’s primary, leaving the way clear for Donald Trump to become the Republican nominee. – UK Guardian

It seems more likely now that Trump will be the Republican nominee for president. But there are seemingly two main questions to answer: Will Trump really go on to win the presidency and … is his candidacy what it appears to be?

We don’t know the answer to the first question. In fact, we are still not sure he will be the nominee. But we have thoughts on the second question, some of which we have mentioned previously.

In an article entitled Trump, Another Manchurian Candidate? we wrote the following:

Continue Reading at TheDailyBell.com…

Murdering America

by Robert Gore
Straight Line Logic

There are many ways to murder; depravity encounters no limits to its diabolical designs. A dramatic staple: a trusted friend or relative administers gradually increasing quantities of an undetectable poison as a formerly vigorous victim inexplicably wastes, withers and finally succumbs. An unsuspecting or corrupt coroner closes the case, official cause of death a long illness. The murderer gets the estate, until the decedent’s devoted fill-in-the-blank starts asking questions and nosing around, suspicion mounts, and the heinous homicide is exposed.

Such will be the plot line when the story is written of America’s murder. In its prime, the victim met every challenge. After a devastating and ruinous war against itself, America built the world’s most prosperous economy, providing opportunities and better lives for millions.

Continue Reading at StraightLineLogic.com…

Even ‘Small Crisis’ Enough to Tear EU Apart, Moody’s Warns

Moody’s warned that even a “small crisis” risked setting off an uncontrollable chain of events that would “threaten the sustainability” of the EU and its institutions.

by Szu Ping Chan
Telegraph.co.uk

Fresh turmoil in the European Union risks triggering the disintegration of the entire bloc, according to Moody’s.

In a stark warning, the rating agency said the “painful adjustment” faced by some countries in the eurozone meant the collapse of the single currency area and wider EU was believed by some to be a question of “when” not “if”.

Moody’s said that even a “small crisis” threatened to set off an uncontrollable chain of events that would “threaten the sustainability” of the EU and its institutions.

Continue Reading at Telegraph.co.uk…

Stocks Slide on Weak Early Jobs Data, Productivity Dip

Services data gains, trade deficit shrinks

by Ellie Ismailidou and Wallace Witkowski
Market Watch

U.S. stocks traded in the red Wednesday as weaker-than-expected private-sector jobs data and a slide in worker productivity eclipsed reports of strength in the services industry.

The S&P 500 SPX, -0.57% fell 13 points, or 0.7%, to 2,049, led by a sharp drop in the energy and industrials sectors.

The Dow Jones Industrial Average DJIA, -0.54% declined 114 points, or 0.6%, to 17,637, weighed by a 2.6% decline in Caterpillar Inc. CAT, -2.76% and a 2.3% loss in Goldman Sachs Group Inc. GS, -1.96%

Meanwhile, the Nasdaq Composite COMP, -0.74% was down 39 points, or 0.8%, at 4,724.

The moves come a day after stocks fell to their lowest level in three weeks on Tuesday, as weaker-than-expected manufacturing data in China and a cut of interest rates in Australia revived worries about an overseas economic slowdown.

Continue Reading at MarketWatch.com…

Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession

by Wolf Richter
Wolf Street

292 Union Pacific engines idled in Arizona Desert

Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units.

The coal industry is in a horrible condition and cannot compete with US natural gas at current prices. Coal-fired power plants are being retired. Demand for steam coal is plunging. Major US coal miners – even the largest one – are now bankrupt. So in April, carloads of coal plummeted 40% from the already beaten-down levels a year ago. The AAR report:

Continue Reading at WolfStreet.com…

A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest “Currency” Position

from Zero Hedge

If anyone had wondered if Stanley Druckenmiller’s recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.

Moments ago at the Sohn Conference, Druckenmiller raged at the Federal Reserve’s dire monetary policies, saying that low interest rates have caused an environment where “not a week goes by without someone extolling the virtues of the equity market.” The obsession with short term stimulus contrasts with the monetary reform of 80’s which led to the bull market, he added.

Continue Reading at ZeroHedge.com…

Amazon = $3 Trillion?

by Mark Thornton
Mises.org

Let us see how close this venture capitalist comes to putting a $3 trillion price tag on Amazon at its all-time high stock price. Amazon stock is now valued at $670 per share and is valued around $200 billion. He believes it will be worth $3 trillion in ten years time. That should be easy to achieve with hyperinflation.

However, this cover story seems to me to be like the old magazine indicator. This indicator found that when magazines like Business Week would put bold predictions about new bull markets on the magazine cover that it would signal a looming bust in the stock market.

Continue Reading at Mises.org…

Chanos, Valeant and Math

by Karl Denninger
Market-Ticker.org

I just saw an utterly amusing “interview” on CNBS with Jim Chanos in which he defended continuing to be short Valeant.

The problem is that his argument doesn’t pass the third grade arithmetic test.

Let’s start with the basics: When you are short your maximum profit, absent leverage, is 100%.

That is, if you short something at $200 a share (as Chanos did in this case) you can at most make $200/share, and for that to happen the stock has to go to zero.

So let’s take Valeant. He started at $200 and now the price is $35, which he’s trying to talk down today.

Continue Reading at Market-Ticker.org…

How the Tech Wreck is Crushing the Stock Market’s Comeback

by Greg Guenthner
Daily Reckoning

Buckle your chinstrap! Stocks are rolling over. Oil & gas plays are taking a beating. Even red-hot precious metals are taking a break.

And one vulnerable sector is itching to drag the market even lower in the coming weeks…

The Dow coughed up 140 points yesterday. The S&P fared slightly worse, dropping nearly 1%. But the real loser has been the Nasdaq Composite. It’s finished lower eight out of the last nine trading sessions. Floundering tech stocks are mostly to blame.

Squishy earnings have hit some of the biggest tech names on the market. Many of these stocks were leading us higher off the February bottom.

Not anymore…

Continue Reading at DailyReckoning.com…

The Lost Art of Self-Reliance: 25 Forgotten Pioneer Skills

by Chris Campbell
Laissez Faire Books

It’s good to be prepared.

Whether you think the Shemitah is going to pummel the Earth. Or an EMP blast will dim the nation. Or mass earthquakes will rupture the lands. Or ISIS will infiltrate the states through Mexican drug funnels. Or martial law will ram every square inch of the country into the hands of Big Governor (Or, maybe, if you’re a true glutton for fear porn, all of the above)…

If any of this — or anything similar — happens, it would be beneficial to have a couple of useful skills under your belt if things go south.

And why not? Best case scenario is you can use these skills to provide value to others. You could, for example, teach people how to make a crossbow.

Continue Reading at LFB.org…