from Zero Hedge
The European Central Bank promised in January to “review and reconsider” its monetary stance this week. The question, as BloombergBriefs notes, is not if policy makers will ease but how. Haruhiko Kuroda’s humbling in FX markets shows what Mario Draghi is up against tomorrow: namely, that even the most forceful policy decisions can be overwhelmed by events, positioning, or sentiment. Draghi has a number of options (some more and some less priced in) but most crucially there two large gaps to be filled in European Stock indices – the question is which is filled first?
[…] The open interest at the gold comex is extremely high at almost 500,000 contracts. We are now at multi year highs despite the lower price of gold. For comparison purposes, the last time we had OI this high was in 2013 with gold at $1700.00. The crooks will try anything to cause the spec longs to liquidate their positions. Normally the bankers flood the comex with massive non backed paper tripping many longs with stop losses. The crooks who have our longs as clients know what these stop loss levels are and thus it is easy for them to drive the price down tripping these losses which in turn causes a greater downfall in price.Once the price is lower they cover their shorts and make a profit. Rinse and repeat. This has been going on for the past 10 years. What he need is for the physical market to overtake the paper gold market leaving the bankers with a commercial failure to deliver..
Wipeout Wednesdays with 
Over the next couple of weeks the Chinese, European, US and possibly Japanese central banks will say things that move the markets.
Human beings have come up with some crazy ideas for money and finance over the years.
All profess to want the truth. In reality few really do and even fewer can recognize it. Truth is inconvenient. It conflicts with what most have been taught which is little more than propaganda and brainwashing to accept the predatory behavior of the State.
The Silver Investor David Morgan and the host discuss the best annual start in the PMs sector in 35 years, according to The Economist magazine. Our guest expects the short covering bonanza to continue for a month or two as retail investors regain confidence and push their chips back into the market, to the delight of gold / silver aficionados. His work indicates a new bull market is underway – however, additional gains could be tame as investors slowly accumulate new long positions. Plus, the massive debt implosion, virtually insures better times to come for PMs investors. When gold is priced in terms of global currencies such as Candadian dollars, the gold bull market never ended. Our guest reminds the audience of the classic words of JP Morgan, “Gold is money and everything else is credit.” By this logic, dollars, pounds, euros, yen and yuan are all unbacked paper promises; only gold and silver are true wealth. Just as the BOE gold sales of 1999-2002 marked the end of the bear market, the recent sale of the entire gold stockpile of the Bank of Canada is a positive contrarian indication.
For those that have been following us for some time, you may remember that, even before we bottomed, I have been looking for a 5 wave rally off the lows in the metals complex to take us to the 21-23 region in the GDX, the 122-125 region in the GLD and the 19-21 region in silver. As of Friday, we have reached our minimum targets in the GDX and GLD, but silver has seriously lagged.
Will share buybacks be the trigger for the next major leg down for the U.S. stock market?
The largest primary silver mine in the world saw its average yield fall to the lowest level ever in 2015. Matter-a-fact, the primary silver mine’s yield fell nearly 16% compared to last year. This is a substantial decline in productivity from the world’s largest mine in Mexico that starting production in 1824.
Negative Interest Rates Unpopular
Many investors today are not very familiar with market history and tend to live only in the day-to-day mainstream narrative while watching little red and green graphs move up and down. This is not so much an issue in a relatively stable economic environment. The problem is, today we live in the most unstable economic conditions possible.
Jeff Gundlach says stay long gold and he also discussed why stocks are headed much lower. There is a note included from top Citi analyst Tom Fitzpatrick.