from Talk Digital Network
Famed Short Seller – Investors Will Be Buying Gold at a Remarkably Higher Price
from King World News
Today a famed short seller said investors will be buying gold at a remarkably higher price.
By Bill Fleckenstein President Of Fleckenstein Capital
April 6 (King World News) – Overnight markets were essentially flat, but that didn’t stop the SPOOs from rallying about 0.4%, then declining a touch less than that. Following that bit of what I would call “stock market roulette,” the weakness gave way to a modest rally through midday. What I mean by “roulette” is the seemingly completely random 0.3% to 0.5% (or larger) moves in stock indices these days. Of course, there are also the days where almost nothing happens, but I do like that term. It seems to fit the environment…
Harvey Organ’s Daily Gold & Silver Report – 2016.04.06
Huge rise in OI for both gold and silver necessitated a banker raid today/Silver OI now at multi year highs at 179900 contracts/USA:Yen cross falls below 110. Yen strength killing the yen carry traders as well as Japanese banks. Kuroda will no doubt act tonight when he wakes up/Another headache for China has Peer to Peer loans are becoming non performing/Europe has its headaches as well as bonds are disappearing due to traders front running the ECB/ The euro is rising causing lower earnings for our European companies and banks/Pfizer walks away from Allergan deal causing 100 million losses for the banks/Beige book out and it signals extreme dovish by most of the voters and the key section highlights global risks: Hint China
by Harvey Organ
Harvey Organ’s Blog
At the gold comex today, we had a good delivery day, registering 142 notices for 14,200 ounces for gold,and for silver we had 0 notices for nil 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 212.603 tonnes for a loss of 90 tonnes over that period.
In silver, the open interest ROSE by 2065 contracts UP to 179,913 as the silver price was UP 18 cents with respect to yesterday’s trading. In ounces, the OI is still represented by .899 billion oz or 128% of annual global silver production (ex Russia ex China).
In silver we had 0 notices served upon for NIL oz.
Danielle Park – Panama Law Firm Breach: Shoes Are Dropping Around the World
from Financial Survival Network
Danielle Park is back… A massive document breach from on of the world’s shadiest law firms has already resulted in the resignation of Iceland’s Prime Minister. Nothing worse than having those secret off-shore bank accounts becoming public. It will be interesting to see who’s quitting next. The subterfuge and deceit has risen to the surface and perhaps the world will never again be the same.
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Gary Poier – There’s More To Retirement Than Money
from Financial Survival Network
Gary Poier has been helping people to plan and enjoy their retirements for many years…
As Gary says, it’s not just about material comfort, it’s all about what’s next! When you stop working, you’ve got to re-purpose your life.
Retirement is a time of great opportunity, if you only recognize it as so and plan accordingly.
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Time to Stop Dancing with Equities on a Live Volcano
All it will take to bring the S&P 500 index back earth is a catalyst
by Ambrose Evans-Pritchard
Telegraph.co.uk
Be very careful. The US economic expansion is long in the tooth and starting to hit the time-honoured constraints that mark the last phase of the business cycle.
Wall Street equities are more stretched by a host of measures than they were at the peak of sub-prime bubble just before the Lehman crisis. All it will take to bring the S&P 500 index back to earth is a catalyst, and that is exactly what is coming into view on the macro-economic horizon.
This does not mean we are on the cusp of recession or racing headlong towards some imminent reckoning, but we are probably in the final innings of this epic asset boom.
Trump Unbound
by David Stockman
David Stockman’s Contra Corner
Even by The Donald’s standards his 95 minute long interview with the Washington Post was remarkable. He let loose so many stray shots as to leave the establishment press clucking in a chorus of disbelief. It undoubtedly started with the stink bomb he lobbied at the ” all is awesome” meme about the US economy and stock market:
Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.
The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.
Feeling The Bern vs Thinking the Bern
by Monty Pelerin
Monty Pelerin’s World
“Feeling the Bern” has become a rallying cry for the Bernie Sanders presidential primary effort. It seems appropriate and has a nice ring to it. Few would suggest “Thinking the Bern” sounded as good. Perhaps even fewer Sanders’ supporters would recognize the contradictions between feeling and thinking.
“Feeling the Bern” reminds me of my first encounter with what I considered a strange approach to evaluating things. Somewhere about twenty or thirty years ago my two sisters-in-laws from California visited. They were transplants, growing up in Michigan but apparently instantly adapted to the “foreign” culture of CA. Whatever the fad, they bought it. Whatever the drink, they drank it. EST and Kool-Aid were atop their intellectual environment.
Gold: Still the Best Insurance
by George Melloan
Daily Reckoning
Thank you to George Melloan for his thoughtful review of my new book in today’s Wall Street Journal. Read on… – James Rickards
Gold bullion’s dollar price soared 20% from mid-December 2015 to mid-March of this year on the London bullion market at a time when the dollar was widely perceived to be “strong.” And it was indeed strong against other currencies. Normally, if the dollar is strong gold would go down, not up.
So what was going on?
Anyone puzzled by such riddles should read James Rickards’ “The New Case for Gold.” One of its points: Gold, now as always, is money, a more stable form of money than fiat currencies. He suggests that, in some not-too-distant future, the dollar’s value could weaken to such an extent that an ounce of gold could cost $10,000, compared with $1,250 today.
End of Forex Exchange Fees Via Bitcoin-Like App? What’s the Downside?
by Mike ‘Mish’ Shedlock
Mish Talk
Those fees soar at airport currency exchange counters.
A new Goldman-Barclays app that uses the Bitcoin blockchain algorithm may reduce or eliminate those exchange fees.
When that happens, currency exchange counters, now common all over Europe will soon vanish.
To Pay Off National Debt, Trump Would Have to Sell, Sell, Sell
Budget group says Trump’s goal ‘virtually impossible’
by Robert Schroeder
Market Watch
If you’re tired of looking at that eyesore of a federal government building in your neighborhood, you may be in luck: President Donald Trump would sell it to pay down the national debt.
Trump, what’s more, wouldn’t stop there. To help unburden the U.S. of its $19 trillion in debt, the Republican presidential candidate’s campaign says he would sell off government-owned real estate and suggests he’d do the same with energy resources and land.
“The United States government owns more real estate than anybody else, more land than anybody else, we have more energy than anybody else,” Trump campaign adviser Barry Bennett said Sunday on MSNBC. “We can get rid of government buildings we’re not using, we can extract the energy from government lands, we can lease government lands, we can do all kinds of things to extract value from the assets that we hold.”
Market Talk – April 6th, 2016
by Martin Armstrong
Armstrong Economics
It really felt like a day of two-halves today after a lack-lustre Asian session and a weak European morning. The Nikkei was again a talking point (or at least the JPY was) but Shanghai too saw a bit of volatility as we flirted toward the 3k level early afternoon only to recover by the close. Better than expected PMI in China helped sentiment but many reported they are keen to see tonight’s FED minutes and anxious to see the BOJ’s reaction to recent currency moves. In late US trading we see China 300 and HSI futures up 0.65 from their earlier cash closes.
“KKK Member With Whip” Panics College Over Race… Oh, Wait. It’s a Priest With Beads
by Mac Slavo
SHTF Plan
If you already thought most leftists have no idea what they’re talking about, then this story will probably make your head explode.
The safe space movement to take over college campuses with fantastical grievances over “microaggressions” and reality-bending tortured-language meant to police thought and sow division has now officially gone bat-shit crazy.
These confused young adults are so fearful that they are hallucinating attacks of “hate speech” and hurt feelings.
The Washington Examiner reported:
McDonalds Responds To Minimum Wage Hikes, Launches McCafe Coffee Kiosk
from Zero Hedge
When it comes to jobs growth in the US, all one can say is thank god for waiters and bartenders: after all, a Starbucks barista is precisely what a recently fired oil chemical engineer making half a million dollars really wants to do with their life.
[…] However, the days of easy job gains for the BLS may be coming to an end (even if on a seasonally adjusted, goalseeked basis the trend has a long way to go).
According to Brand Eating, fast food king McDonald’s has been spotted testing a self-serve McCafe coffee station/kiosk out in downtown Chicago. The station is located in the restaurant but apart from the counter and looks to be a theoretically more convenient way for those who just want a cup of coffee to skip the regular line (while also freeing employees from having to make each drink in the back).
Frisky Yen Upsets Japan’s GOSPLAN
by Pater Tenebrarum
Acting Man
It Wasn’t Supposed to Do That…
When you’re a central banker in a pure fiat money system and even your ability to print your own currency into oblivion is questioned by the markets, you really have a problem. This is actually funny on quite a number of levels if one thinks about it a bit…
Haruhiko Kuroda (a.k.a. Kamikaze) is such a central banker. His valiant attempts to make Japan richer by making its citizens poorer is beginning to be rejected by Mr. Market:
The Red Dragon Roars While the Fed Waits
by Jeff D. Opdyke
The Sovereign Investor
It’s as though I know what I’m talking about…
Several months ago when I was speaking at our Total Wealth Symposium in The Bahamas, I laid out a simple, straightforward path that would see China devalue its currency which would, in turn, lead to the Federal Reserve finally finding the cover it needs to raise interest rates here at home without fear of unleashing economic pain on America.
The first two steps along that path are unfolding now.
And that means the world economy, despite the hand-wringing we see from economists and the media, is turning up again … which means that emerging-market and commodity economies are in the early stages of a rebound and, as such, are good investments today.
Six Failing Oil Stocks You Should Sell Right Now
by Justin Spittler
Casey Research
One of our industry’s top analysts has discovered a troubling fact…
If you’ve been reading the Dispatch, you know the oil market has collapsed. The price of oil has plunged as much as 75% since June 2014. In February, it hit its lowest level since 2003.
From February to mid-March, oil staged a big bounce, rallying 53% in less than a month. On March 17, it closed at $41.67, its highest price since November. That same day, we warned you the oil crisis was far from over…
Exposed: This Incredible Interview Blows The Doors Open On The New World Order
by Mac Slavo
SHTF Plan
It’s been long theorized that there exists an established global order run by the world’s richest and most powerful. These leaders and ideologues meet on a regular basis, usually without much fanfare, but some of their organizations and initiatives have been exposed through the Bilderberg Group, the Council on Foreign Relations and the secretive Bohemian Grove.
In short, the politicians, central bankers, media personalities and financial leaders who convene at these meetings develop, execute and oversee the global agenda we have come to know as the New World Order.
Warren Buffett is a Hypocrite
by Jimmy Mengel
Outsider Club
Sometimes I think Warren Buffett is a joke…
Well, that isn’t quite fair, I think he’s the punchline to a joke. The zinger I usually tell amongst other stuffy investor-types goes something like this:
“Warren Buffett is actually a seven-year-old in disguise. All he does is invest in candy, ice cream, and trains…”
Maybe you have to be there (my delivery is impeccable), but it points to one of Buffet’s greatest strengths: the ability to invest in undervalued, niche markets. But, as they say, there’s some truth in every joke. For those less familiar with Uncle Buffett’s Berkshire Hathaway holdings, some of the major deals include See’s Candies, Dairy Queen, and BNSF Railway.
Blast From the Past – Hillary Clinton vs. Bernie Sanders on Panama
by Michael Krieger
Liberty Blitzkrieg
Unlike most politicians, Bernie Sanders becomes increasingly impressive the more you learn about him. Forget for a moment whether you think the tax dodging strategies popularized by the Panama Papers are ethical or not, it’s important to note that Bernie Sanders publicly warned about an expansion in such behavior all the way back in 2011. On the other hand, Hillary Clinton and Barack Obama pushed for legislation that made such controversial strategies easier, under the guise of “free trade” with Panama.
First, here’s what Senator Sanders had to say on the matter in 2011:
Gerald Celente – This Will Shock the World
from King World News
With the U.S. dollar at the lowest level in 6 months, today the top trends forecaster in the world spoke with King World News about what is going to shock the world.
Gerald Celente: “The IMF Chair, Christine Lagarde, said a few days ago that China fears are spreading globally. She is also warning that it could have a very dramatic effect on world equity markets…
In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system!
The Rise of the Fourth Reich, Part I
by Jeff Nielson
Bullion Bulls Canada
Informed readers are aware that our “history books” are generally fictional, with much of that fiction being absurd to the point of being laughable. This pseudo-history is yet another construct of propaganda, and we have a term for such efforts to rewrite the past: revisionism.
With our Revisionist history, important events are systematically misreported. This misreporting is then amplified over time, perverting the Truth, to an ever-greater extent. Consequently, explanations of these events (where they exist at all) are superficial, and equally perverted from reality.
The further back we go in this Revisionist history, the murkier that events become. This is not due so much to the passage of time, but rather to the layers and layers of propaganda subsequently heaped on top of important events, in order to obscure those events from us – and thus any correct understanding of our own history.
Gold Daily and Silver Weekly Charts – Grifters, Conmen, and Grafters
There are many dangers in this world. There are those who would have us fall and therein be consumed, our property lost and our children impoverished. And there is surely an evil and ancient corruption that stalks the night, always roaming like a ravening wolf, ready to take us in its grip and be lost.
But there is no greater enemy to ourselves and our life than our own hardened hearts. For they whisper lies to us, they tell us that what is good is impractical and idealistic, and what is wicked is practical and necessary, that this is just what must be done, that this is the way things are.
Gold and silver were under some pressure today, as even the mighty US dollar gave way to the renewed animal spirits and taste for highly leverage financial assets held the day.
If one looks at all the charts the day’s action is just more trading motion within some fairly well-defined trend channels.
Q1 Complete, What’s Next?
by Matthew Kerkhoff
Financial Sense
With the first quarter of 2016 now in the books, the focus turns to earnings. So far the picture is not looking very pretty.
Earnings for S&P 500 companies are estimated to decline 8.5% (FactSet). If negative earnings growth comes to fruition, it will mark the fourth consecutive quarter of year-over-year earnings declines. The last time that happened was during the financial crisis.
The chart below shows the tough environment that corporate earnings find themselves in. When you consider that stock prices track corporate earnings over the long-run, it should come as no surprise that stocks have been turbulent lately.