Friday December 31, 2010 - Expect much worse conditions in 2011 ! -
check the SA-Rand section
it or not, this ain't Ripley's and the price of your steak will double
in 2011. Cotton, wheat, corn, Soya,...all food
commodity prices geyser. Scary it is. This as a
result of rising energy and oil prices. Today many don't realize
fertilizers are a product of crude oil. [who remembers the green guys
which made the use of traditional fertilizer illegal?]
We cannot believe our
eyes and ears when as we still see and hear some Analysts forecast $50
per barrel for crude oil.
Are those people living on another planet? Having said this, the bull
run of Crude oil is confirmed by a bull run for
and a plausible bullish breakout of
Natural Gas. What is happening
here matches exactly the rules for the coming hyperinflationary
France is building one
of the world first nuclear fusion plants.
The country has traditionally been a leader
for engineering and is the country with most nuclear fission plants on
To say business is
improving is one hell of a stretch. To say statistically business
conditions are MOPED is closer to the truth. This
coming year we're about to come out of the eye of the storm into the
next more painful part of the Hyperinflationary Depression.
Those pretending the
Recession is over and Recovery is around the corner should be arrested
and put in jail! ....The
has DOUBLED since the end of 2008/beginning of 2009!
Thursday December 30, 2010
The future will be nuclear
Fusion and/or Fission:
Uranium spot prices rose 40% this year and 34% since the end of
September to $62.50 a pound on Dec. 20,
according to Roswell, Georgia-based Ux
Consulting, which tracks the industry. Producers in Australia and Canada
forecast demand for the metal will increase as countries, including
India, expand their use of nuclear power to curb emissions from burning
coal. Solar, wind, etc...will - because their yield is way
too low and they cannot be used as a source of energy for most vehicles
(automobiles, airplanes, ships) only live during the transition
from Oil (liquid energy) to Nuclear energy. France
is building a fusion plant in ITER.
South Africa is, whether
it likes it or not, another [small] BRIC in the wall.
SA is a commodity country and even with
the problems it has to solve because of Apartheid, it does has some good
traditions and is probably in a better shape than many other
Wednesday December 29, 2010 - A good pilot is an old pilot - A good
financial advisor is an old advisor - Financial analysis is a full
time job and requests a lot of experience...
Any investor which doesn't
understand that today it is NOT about making money but because we have a
paradigm shift, it's about PRESERVING buying power, will suffer a lot in
2011, 2012 and 2013.
It is understandable that
investors who believe in paper money and paper-denominated assets do not
understand gold. Gold, after all, is the natural
refuge of disbelievers in the current financial paradigm; and, as
today's credit and debt-based paper markets come under increasing
pressure and gold moves increasingly higher, most "paper bulls" remain
increasingly perplexed. [Darryl Schoon]
Over the past years
Prechter and most Elliott Wave theorists have (and still are) predicting
Gold (and also Oil and other commodities) will crash.
In October 2009, when gold had again breached the $1,000 level,
investment advisor Chad Brand warned investors not to jump onto "the
gold bandwagon". Unfortunately, for Mr. Brand's clients, it was the time
to jump-and still is today. Unfortunately for the Prechter fans, it's
all - for obvious reasons - going the other direction....
Many laughed each time we
published Gold would breach the 1000 level (whether
it was can$ 1000, us$ 1000, € 1000, CHF 1000, ....). We still have
to break the £ 1000 but are so close....
Many laughed each time we
published the price of Crude Oil would go up because of Peak Oil and
inflation. Many simply refuse to understand we will
probably pay over $ 4 for a gallon of Gas in the USA next year. Expect a
similar pattern in the EU with gas prices closing in to € 2 per liter
(about $ 8 per gallon).
Tuesday December 28, 2010
will be the 1st domino to fall. Is Greece Planning a Post-2013
Debt Restructuring? Greek newspaper Ta Nea has
reported that Greek authorities have settled on a plan to restructure
the debt after 2013 without a haircut by stretching maturities and
reducing interest rates. Expect other EU countries to follow...The
toll to pay for those who wait too long will be EXTREMELY HIGH
hikes interest rates...so what!? The People's Bank of
China has raised interest rates for the second time in Q4 2010, in an
attempt to stem rising inflation in the face of excess liquidity and
strong capital inflows. We wrote in
2009 this would happen and we know how Gold and Silver and the Gold and
Silver shares and Juniors behave in such an environment. Certain
countries can survive higher interest rates, other countries will not.
Monday December 27, 2010 - Be aware that the more dangerous the
situation becomes the more the Authorities will claim ALL is Well Madame
la Marquise and that there is no reason at all to park your savings in a
is that People fail to understand we have a PARADIGM shift and that
today the problem is far bigger than invest in a way which offers some
return on your capital. As we move into the
Hyperinflationary depression your MAIN GOAL must be to PRESERVE your
CAPITAL. We don't think this will be an easy exercise but the best way
not to preserve it will be to stay with the Bankers which are part of
the problem we're having. If you keep investing like was fashion
in the 1980's and 1990's you take a BIG RISK.
many people don't know is that there is NO CAPITAL GAIN TAX in countries
like Belgium. so far...but when the King's treasury
chests are empty, this can change overnight. Only years ago the
government in Argentina confiscated all the Private Pension plans (401k)
and used the Forex (US Dollars mainly) deposits of Argentineans who
thought they had made a clever move to keep their savings in US Dollars
within the Argentinean Banking sector, to pay for the foreign debt.
many people fail to understand is that the digitalization of Securities
opens a HUGE door to Government confiscation. There
are plenty of examples from the USSR to Argentina...In the OLD days one
just had to cross to border and open a Bank account in the neighboring
country or buy a house to escape Big Brother. With the advent of the EU
all of this has slowly disappeared. With the Help of "Money Laundering
Legislation" all escape routes have slowly but surely be sealed.
Additional legislation even makes it illegal to provide any advice in
EU by 2012 ALL SECURITIES MUST be digitalized. In
other words, no more paper securities and bonds one can hide under his
mattress or in some safe. This comes after several EU countries allowed
for some fiscal leniency towards those who repatriated their savings to
their home country...something a lot of people did. As usual few could
even think that in 2011 any form of Bank secrecy would disappear
(also in countries like Belgium and we fear the same is to happen in
countries like Luxemburg). But we expect that in 2012 insult will come
to injury when Wealth Taxation will rule ALL OVER the EU.
Cities across the USA are raising property taxes, largely citing
rising pension and health-care costs for their employees and retirees.In
Pennsylvania, the township of Upper Moreland is bumping up property
taxes for residents by 13.6% in 2011. Next door the city of
Philadelphia this year increased the tax 9.9%. In New York, Saratoga
Springs will collect 4.4% more in property taxes in 2011; Troy will
increase taxes by 1.9%.In Illinois, towns have been raising property
taxes to keep up with pension and health-care costs for several years,
but the scale and scope of the increases this year are unprecedented,
said Joe McCoy, a lobbyist with the Illinois Municipal League.
Friday December 24, 2010 - We wish ALL our readers and supporters a
HAPPY HOLIDAYS -
Update will be minimum until the end of 2010.
Thursday December 23, 2010 - In the 13th century the
Church opposed to the translation of the bible out of fear people
(few people could read and those who could did could not
read Greek ad Latin) would question their
authority. Today the Authorities fear that people will read the
Wikileaks and so question their authority. Nothing has changed...except
for the wrapping.
in your stocking? Did you buy some goodies out of the
Gold and Silver basket?
4-5 months, the surge in costs at the wholesale level for food and for
metals is going to be reflected in the retail side.
When that occurs, consumers are going to learn how “tame” inflation is.
Keep in mind this will be against a backdrop where wages are flat and
the unemployment and underemployment remain high. Wonder how the
Authorities will explain this!?
Overdrawn American cities could face financial collapse in 2011,
defaulting on hundreds of billions of dollars of
borrowings and derailing the US economic recovery. Nor are European
cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble.
the U.S. remains the proverbial elephant in the bathtub in terms of
pending effective sovereign bankruptcies.
The U.S. remains the proverbial elephant in the bathtub
in terms of pending effective sovereign bankruptcies and the
accident waiting to happen (as the £ was before its 30% crash in
Central Bank Cuts Policy Rate 50 bps to Curb Capital Flows.
The Turkish central bank lowered the policy rate by 50 basis
points to 6.5% at its December 16 monetary
policy committee meeting while widening the spread between overnight
borrowing and lending rates in response to strong capital inflows and
plans a garage sale as it has unveiled a privatization plan
to raise €7bn through the sale and exploitation of state companies and
are Japanese bonds moving up after 10 years? weird...
and shines as we move through the year end...more
Wednesday December 22, 2010
are too busy to write a 2011 scenario and maybe we don't feel like
publishing one...out of fear to be
called doomsayers. The problem is that we hardly can publish something
we don't see and don't believe in. In other words
we cannot wish you a happy 2011
when we know
2011 is going to be A LOT WORSE than 2010 and 2008.
Better be prepared and don't take any chances...this
will be a terrible financial storm! What is published below is nothing
more than what we have been writing and publishing for months and
years....it's a never ending story....where The People are unfortunately
also playing a part and will have to take their responsibility because
they don't do anything to correct it.
Banks are bankrupt and
they will rotten all the way to the core.
Still have Bank Bonds and/or shares? Be aware there is NO SOLUTION for
the problems the banks are in...more
UK borrowing hits new
record as government borrowing jumps.
Be aware it is IMPOSSIBLE to spent
yourself out of the problems as much as it is impossible to f..k
yourself out of virginity. Such actions only make it worse!...more
Tuesday December 21, 2010
of Speech!? Is this what the Authorities want to take away by
controlling Internet? It is of course
a lot easier to control the printed media, radio and
television than internet. [Radio and Television stations are
traditionally the first to be taken over in case of a war or
. Venezuelan President Hugo Chavez
also defended plans for a law that would impose broadcast-type
regulations on the Internet, saying Sunday that his government should
protect citizens against online crimes...more
and in Britain they still play it in the old fashioned way using
SEX and children as an argument...more
FDIC shut down another 6 banks last
week. 157 small banks have gone
under this year alone. Instead of sounding the alarm, this news is met
with a yawn by the mainstream media. What's wrong with the media?
Greece, Ireland, Belgium,
Spain, Portugal,...The various
European crises remain an intermittent foil for the
U.S. dollar, pulling market
attention away from the unfolding solvency crisis in the United States
and a likely move to massive selling against the U.S. currency.
The buy of a life time we
have. We've updated the sections of
Silver shares and
you have to be blind not to see what we see. Some shares of these
sections will be the buy of a life time!
Monday December 20, 2010
index) is correcting like a school book example would do.
Don't miss what could be the
last opportunity of 2010. Buy your 2011 XMas present NOW. Today's Math's
will be tomorrows Magic.
sometimes write, one has to be blind not to see it.
The 2011 scenario is so
straight forward, is so clear that I start to have mercy of all those
who don't see it and/or don't believe it. It more and more seems
like the last days of 2010 could well be the last days of this huge
SALES period and that it is very plausible we shall NEVER see these
price levels again.
Better be very, very careful once politicians start to pretend the Euro
has been saved from a certain dead. Watch their
crappy faces when they lie about it. Once again it will cost a fortune
to the BELIEVERS.... I've seen this scenario happening so many times...At
some point, if a country does not get its fiscal deficit below nominal
GDP (and this is true for the US as well!) it will run into the wall.
Belgium's debt was also degraded by Standard and Poor's:
"Belgian's current caretaker government may be ill-equipped to respond
to shocks to public finances. The federal government's projected 2011
gross borrowing requirements of around 11 percent of GDP leaves it
exposed to rising real interest rates."
Greek five-year bonds
are now paying 12.8%. It is
hard to grow your way out of a problem when you are paying interest
rates higher than your growth rate and you keep adding debt and
increasing your debt burden. It becomes more and more apparent that the
very existence of the Euro will make any recovery of a member country
In due time whichever Debt (Treasuries,
Bonds) cannot be inflated away will be rescheduled for at least 100
years by a debt moratorium. It happened in the past and it will happen
again. Only this time it could happen to you! [if you are stubborn and
keep your fixed interest investment instruments]
you think you're SAFE because you're holding Bonds, check this out....more
Belgian judges sent bailiffs to shops because they start the Sales
period before the law allows for!?
will probably be stunned that such legislation even exists....such
practices are indeed sickening and we have no doubt the USSR would
have done it not better. We in fact doubt such legislation has ever
existed in the former USSR. In Europe the Authorities dictate
when Sales can be held. Any business which is not confining its sales
to what is legally allowed is heavily fined. What most
non-Europeans also don't know is that shop keepers ain't even allowed
to keep their shops open all week: they by law have to keep their shop
closed at least one day each week. Speaking of a recession and
depression and politicians who-so-said try to solve the problem...but
they don't allow shops to have sales and to keep their stores open when
ever they want to?. Looking at what is happening in Greece,
Ireland, Belgium and the EU it's not hard to see how poor business men
these elected idiots are. Allow a politician to run a
profitable business and within 3 years it will be bankrupt.
Europe is and keeps growing as a Seven Headed Political
Narcissist Monster fed by the an exponential amount of Fiat Paper
money. As usual Politicians are only thinking of
their own survival and are increasingly endangering the savings of the
European people to keep the monster alive. The untold problem is that
the European Banks have become an inherent part of the depression and
that a secession of the EU would also mean a de facto bankruptcy of
these banks....Deutsche bank is one of them.
Friday December 17, 2010
The steepening Yield curve (long term interest rates keep geysering up
from historic lows as we forecasted two years ago) is scaring off
investors. Short term this can result in a
correction for the World Stock
markets (a correction is plausible as markets are
overbought) and could even cool off more
Silver. As long however as
our support levels (see individual currency sections of Gold and
Silver) are not broken, we remain positive. Gold and Silver sit in a
secular Bull trend and traditionally go up together with interest
statistics are cooked. We all know this by now. In
India and Eastern countries where Governments haven't become so
sophisticated, the cooking is of a lesser quality and the Official
Inflation figures reflect more the truth. India's annual food
inflation rose for the second consecutive week, to 9.46 % for
the week ended Dec 4, as prices of food items like milk, poultry and
fruits continued to rule high, official data release Thursday showed.
Primary articles index rose to 13.25 percent, while that for fuels
increased to 10.67 percent...more
for Crude Oil users as its price steams to
almost $ 92 / € 70 per barrel. Remember our
? It hasn't gone away! know what commodities do under
Hopefully you did not forget to shop in our
Share section as we advised you to some weeks
and days ago...more
told you to buy BP
at $ 28 !?
Today (only months later)
the same share is sold for $ 44 (+57%)
World stock markets still sit in a
Nominal Bull trend. Markets are overbought and the
Footsie is running into resistance. But
so far the rising interest rates in no way indicate the end of the
nominal rise we are living.
Jobless rate = official unemployment + government employees + police
force + TSA + all non-productive Jobs + .....
ALL of these have to be kept alive by a Private Sector moving from a
Recession into a Depression. You don't have to be an Einstein to
understand that such is impossible.
Thursday December 16, 2010 - Expect Gold to
resume its bull run soon...now is the time to buy !
A foretaste of what is yet to come!? For now,
politicians and banks are the scapegoats.
Several politicians have been beaten up and abused
on the street.
[Following is 2002 news but it could happen again any day....]
By seizing its citizens' savings, the
government has broken a basic contract, and violated the rule of law.
Trust between government and citizens—the essential glue of a
prosperous democracy—has been destroyed. The past few weeks have seen
Argentina default on its $155 billion public debt (Treasuries, Bonds) ,
the largest such default by any country in history.
December 1st, savings accounts have been frozen. People's Dollar
savings have been turned into devalued pesos. Depositors also face
restrictions on how much they can withdraw from current accounts. In
January, the banks were closed for all but half a dozen days...more
Check the ongoing Bond crash in the
Bonds section. Bonds
are as unsafe as dangerous and comparable with the Financials just as
they started to crash some years ago.
Note that the situation in
California, Illinois and Michigan is worse than the situation in Italy.
Portugal the chickens are coming
home to roost.
Europe it is now cheaper to hedge against corporate default than
sovereign default. That is not the way it is supposed to be.
Interest rates even go up in Japan!? Weird, weird,...
Hedge funds are also extremely dangerous...more
The charts in the Silver
and $-Gold section
have been updated. We do have a new objective for
Gold which is visible on the PF Chart.
We have school book examples on our PF charts for
SA-Rand-Gold is also following a
precise line. The Euro has
successfully tested a very important level and the
Yen continues to perform better
than the Dollar and the Euro do. Checking on our charts of the Euro
against the Yen,
Dollar we get a confirmation that our
Investment roster is more than correct.
We have a similar formation on our PF chart of
Gold in British Pound.
Financials and Bank stocks have been
Wednesday December 15, 2010 - We're not going
to tell you another fairy tell each day as "all" what is unfolding has
already been published in Goldonomic.
and the Euro not only remain on the road to hyperinflation,
the rise in commodity prices and bond yields mean that
the dollar is picking up speed as it heads toward the fiat
currency graveyard. Our vision is that the Dollar will win the race
because there are a lot more dollars in circulation than Euro's...but
that the Euro, the Pound, the Yen,...will follow because the Central
Banks of those countries keep enormous amounts of Dollars. Our
Investment Roster clearly indicates which currencies we advice to keep
your Cash positions in. We're analyzing whether or not to add the
This chart of the
commodity index gives an idea of what the inflation rate has
been since 1970. It
shows the temporary impact of the 2008 deleveraging, the 1981 top of the
Gold price and the present level (definitely too low...) . We're only
weeks ago of a new high of the Commodity index....and the day the Herd
realizes prices will go up and up....Hyperinflation is just like Santa
waiting to show up in the middle of the night. Once it does BONDS will
become worthless overnight, so will fiat paper money. Derivatives will
explode like a financial nuclear bomb and most bank manufactured
investment products will be worthless. And yes, it is possible that the
Stock markets crash....but given the choice between worthless fiat money
and a Bond (or the option to buy fiat worthless money) those having
Stocks will end up a lot better. Remember we have a paradigm shift and
it is high time to think out of the box...[note
the whipsaw we had in the late 1970's which looks exactly like the
whipsaw of the 2008 deleveraging. 1981 the USA and Volker cranked up
interest rates to double digit levels and managed to stop a pending
financial crisis. Ever since it has all become so bad that higher
interest rates will just make it all worse]
Our PF chart for
Copper is very worrying and is the canary in the mine shaft
of what we expect for other sectors....Take some time to
Google Double Top Breakouts....it could save your financial life.
Bonds continue and will
continue to crash...and it goes fast... The least you can do, is to SELL
ALL YOUR BOND HOLDINGS and keep the cash until you understand how to
allocate the funds.
This applies ALSO to most Bank Manufactured investment
vehicles. Please understand that any financial instrument with a so said
built in security system which will compensate for higher interest
rates, higher inflation rates, lower currency exchange rates, a lower
Dow Jones, etc...are ALL dependent upon the survival of DERIVATIVES (a
huge financial nuclear bomb). There is NO such thing as a free meal and
soon the chickens will come home to roost. The Central banks are
only able to keep the short term interest rates low...for so long.
Ultimately forces of Nature ALWAYS win.
- The Fed stuck to its policy of buying $600 billion in Treasury
bonds and keeping short-term interest rates near zero amid signs that
the recovery is gathering steam. JPMorgan, Credit
Suisse, UBS, ... and what they dare to say today will end up in the
History books as an idiocy as big as the idiocy sold by the Banks
before the Great Depression. What is wrong with these so said
specialists? I presume the kids are happy as long as they believe in
- What do you think will happen with the
Dollar once the USA looses its AAA
Hard to believe but It will crash in a worse way the Iceland Krona did...more
Tuesday December 14, 2010
is how fast it goes once the Apocalypse starts. See
how the Iceland Krona moved side ward for a long time before it all of a
sudden 'fell out of bed' ....and devaluates 60% against the Euro and the
US Dollar. The Icelanders who kept their savings in Barbaric Money or
Gold did not loose one cent of savings...on the contrary, they
Not a lot to mention, except that JPMorgan is covering its Silver
shorts and the correction of the Gold and Silver sector is over again....sit
tight and surf the wave...there is a lot more to come!
Don't postpone you decision to buy the Gold and Silver
sector and PLEASE request Physical delivery of your Gold and Silver and
don't fall for ETF's and other bank manufactured products.
They even try to sell "Inflation free Bonds"!
DO NOT BUY THESE as they are directly linked to extremely dangerous
derivatives. This is the time to play it safe...during the last
depression "they" sold GOLD guaranteed Bonds...which, off course became
Monday December 13, 2010
Governments and politicians come and go...Bureaucrats and the
Administration however stay.
Governments succeed each other and each time
add their Bureaucrats to the system.
Give it some years and the Bureaucratic administration now is a Seven-Headed monster....and there is no way one can get rid of it without
risking a major revolution. Whoever the people will vote for, whatever change they
want...as long as this Monster hasn't been killed, nothing
can and will change. During the process leading to the climax of a
hyperinflationary depression the size of the Administration always
increases. These jobs are also very secure and relatively well paid as
they are the last line of protection for the leaders.
The day will come that even God won't be able to keep this Financial
Atomic bomb from exploding. A Secretive Banking Elite
Rules Trading in
Derivatives: the men share a common goal: to protect the
interests of big banks in the vast market for derivatives, one of the
most profitable — and controversial — fields in finance. They also share
a common secret: The details of their meetings, even their identities,
have been strictly confidential...more
We have updated our Investment Roster...click
We have updated Wealth Preservation...click
What we don't understand is why so many investors invested in
dangerous Bonds (and some still are) when we have all
these super buys around in the stock markets (stocks = real
assets!)...see our Portfolio
Don't count on the Banksters to advice you to buy and hold Gold and
Silver...they'd rather tell you to sell your
holdings...so "they" can take advantage of it...more
Friday December 10, 2010 - Social unrest
and ultimately WAR...
situation becomes explosive from the moment those living in their
Ivory towers (Kings, Queens, Princes, Politicians and Officials) don't
understand what is really happening in the streets.
When the French people revolted because they had no bread
to feed their children Marie-Antoinette told them to eat cake.
When the Spanish people revolted because pork became too expensive
premier Zapatero told them to eat rabbit. The British students and not
the police are blamed for revolting because the tuition fees are
The Rolls-Royce carrying Prince
Charles and Camilla,
the Duchess of Cornwall, was attacked in central
London by revolting
students. Cameron defended the government's
contentious move to triple tuition at UK universities and said
protesters, not the police, should be blamed for last night's chaos on
Parliament street and nearby areas and for attacking a car transporting
Prince Charles and Camilla, the Duchess of Cornwall...more
We believe investors should continue to hold Low Order Capital
Good and food-related
shares such as grains, wheat, corn, soybeans, and
farm suppliers. John Deere is a good example.
Chile is one of the countries who has recently come into the news
because of a mine drama who came out of a crisis not
so long ago. The country has reshaped its banking system and exports
important commodities (Copper, Gold and Silver) and wines.
We are reluctant to invest in countries like Thailand, , Indonesia,
Colombia, and even China because we don't think their
system is not politically and financially stable.
Taxation or Inflation is Deal or no-Deal between Democrats and
Republicans. Whatever happens, the end result for the
citizen will be the same. The King's chest is empty and money has to be
found. Either by taxation or either by Inflation. Society can only be
taxed so much before Capital leaves it for better and once the limit has
been reached (it has in most western countries) the only mean tool which
is left is taxation through inflation. Bond
markets understand this!
Weak bonds mean the financing cost of the Authorities and its' debt
will increase dramatically forcing them to print even more money to
finance the debt.
Bond slide temporary halted by interventions of
JPMorgue. [J.P. Morgan Chase is an agency of the U.S.
government in manipulating the government bond market and discouraging
money from leaving that market for precious metals.]
Global bond rout deepens on US fiscal worries.
Agreement in Washington on a fresh fiscal package has set off dramatic
rise in yields of US Treasuries and bonds across the world, threatening
to short-circuit any benefits of stimulus. The bond rout raises concerns
that the US authorities may be losing control over events. The yield on
10-year Treasuries – the benchmark price of money worldwide and the key
driver of US mortgages rates – has rocketed to 3.3pc, up 35 basis points
since President Obama agreed on Monday to compromise with Senate
Republicans on tax cuts.
Bottom fishing in on...buy the dips!
Our technical signals
for the Gold and Silver sector which we published last Wednesday are
Thursday December 9, 2010 - Those Bankers are
so reliable and trustworthy Madame !?...and you can built on these
Too early to tell when JP Morgan will become
JP Morgue but eventually they will.
We have still too many willing
sellers of Silver and maybe the Fed and ECB have found other ways of
shorting Silver. Remember that those who print the Fiat Paper money out
of thin air can - as long as we don't have a Hyperinflation print
exponential amounts of it. Having said this we keep listening to what
our charts tell us.
GoldMoney's James Turk knows of a silver
investor who for two months has been unable to induce a Swiss bank to
return 20,000 of silver for which the investor long
has been paying storage fees. (click
on the silver for the story)
US Treasuries hit by biggest sell-off in two
US Treasuries suffered their biggest two-day sell-off since
collapse of Lehman Brothers, following a torrid month that has seen
borrowing costs for western governments soar.
Japan and the
US have all seen their benchmark market
interest rates rise by more than a quarter in the past month while
UK’s has risen by nearly a fifth.
The Bond crash we forecasted in 2009 is
alive and well. It's five to twelve to get rid of these extremely
dangerous investment instruments.
Having said this, remember that
DEFAULT SWAPS and other
DERIVATIVES are directly negatively
If you think Stock markets are dangerous, better prepare for you haven't
seen what a crash of the Bond markets will mean for your Savings: Bonds,
Saving accounts, Bank deposits,...Greece
is insolvent, Portugal has a liquidity problem, Spain has
a liquidity problem, Belgium has been cooking the books for a
long time, Italy has been cooking the books for a long time and
the UK is totally insolvent! If you keep holding on to Bonds sold
by these and/or their Bankers you will also become insolvent!
The HUI (Gold and Silver mines index) experienced a bearish engulfing
pattern on its daily chart yesterday
and that is leading to follow through selling today in
the mining shares. Watch the support levels closely and see how the
shares act as they move into this region especially if you are acquiring
for the long term. The HUI
has remained above the 40 and 50 day moving averages since August of
this year on an end of trading session basis. Should it move down into
this region again and refuse to breakdown, you will know what to
Wednesday December 8, 2010
by King World News, market analyst and scholar Jim Rickards of Omnis
Inc. says he knows of a gold investor who recently had to struggle for a
month with a Swiss bank to arrange return of his gold -- not a
futures contract receipt but real gold that had been put on deposit at
the bank. Only the gold owner's threat to restore to legal action and
the news media pried the gold loose, Rickards says. He concludes that
the bank didn't have the gold it should have had and that this shorting
is endemic to the Western banking system. (click
on Santa for the Interview)
Both US-Dollar and Euro holders should stop
playing the Dollar/Euro casino. All this time,
the Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen and
even the South African Rand have been performing better. Gold and
Silver have done A LOT BETTER!
Selling all your gold is an act of madness
at any time, and during the greatest crisis in modern history, it is
“beyond madness”. Having no Gold is an act of stupidity...
Copper is "also" preparing for a major
breakout. Once it does, we have a calculated
objective of $ 5.25 and those using
Natural Gas or Coal
must also prepare for an expensive winter. [we mentioned the reversal
already last August and in October we gave a distinct Buy signal] Our
charts for Uranium, Agricultural
commodities, Platinum bring their own story about
the coming Hyperinflation.
markets have recovered all of their 2008 deleveraging loss.
The multi-billion dollar question is: "Will the
Authorities find another trick to delay the stampede of the coming
Oil share index is about to make a
Double top breakout. Don't forget to shop before it
gets too expensive.
on our charts of the Gold and Silver mines (Seniors and
indicate we could have a small correction. Use the
correction to add to your positions. We'll keep our subscribers
informed. We urge
subscribers to study the key reversal chart for Yamana in the Gold and
Silver juniors section...and ALSO to check the scenario we show on the
HUI points and figure chart
inside the subscription section.
[A dip is something we'll probably see these
Bankers are Best case scenario, nothing more
than Car Salesmen. When talking heads of BNP
Paribas pretend cash and Gold will be the worst investments for
2011, I also have a problem. This problem gets even bigger if one looks
at the disastrous results their investment funds show over the past
years. Unbelievable investors still listen to those guys! Do
people NEVER learn? I started to advise to buy Gold in 2001 and you have
not to be an Einstein to figure out how well any investor did who
followed up my advises. And this includes Real Estate. For this
reason it should not be difficult to understand I get upset when people
ask for a TRIAL SUBSCRIPTION....knowing that 90% still hasn't got an
ounce of Gold and are keeping their Fools' gold or paper and digital
money with the banks and their fabricated dangerous investment articles.
Apparently 2008 hasn't teached them a thing!
Before I forget, American
Bonds were very
weak...hopefully ALL of our readers have SOLD
these dangerous investment instruments. After all we already advised to
get rid of these in 2009!
Tuesday December 7, 2010 -
It's all in the price...those amongst you who
subscribed years ago and started to buy
around $ 250 and
Silver around $ 4 are in a far more
than those who are only joining
us now. This are unfortunately the rules of the game. The less informed
you are, the more you listen to static (Banksters and Politicians) the
more you will pay for your Gold and Silver protection. But we may
have come to a point where one should focus more on Gold and let Silver
cool down for a while....remember too much, too fast and too high...
During the last weeks, we advised to buy the
dips and/or the breakouts. Yesterday we again advised
to buy the confirmed breakout of the Gold and Silver sector. A
correction has to be expected some time next year...but like things look
now, the longer you wait, the more you will have to pay. Try to study
our site and browse through the sections of Gold and Silver and Gold and
Silver Majors and Juniors...the charts will tell you what to buy and
when. Most important is to know that the coming weeks and months, we
expect the Gold and Silver sector to be strong.
Having said this, be aware we
don't advise to buy the Gold and Silver sector to make money but rather
to PRESERVE YOUR SAVINGS.
Dollar index and the
Euro have bounced off its 200 day Moving Average as expected..
It will tell you more than 1000 words.
As usual we refer to the charts of Gold expressed in
different Fiat currencies to judge about the short term trend. See Gold
expressed in Euro,
in South African Rand,
in Yen, in
Rupee and Ruble
Those amongst you who need to keep some
cash/liquidities on hand don't forget the
Australian Dollars. Having said this, the Aussie
is a canary in the mine shaft for the US-Dollar.
And I almost forget, one barrel of Sweet
Crude Oil costs about $ 90...close to the $ 100 or
our 1st objective (deflation they said?). Don't forget to shop in our
department of Oil shares...
Monday December 6, 2010 - There is the
Invisible thief (Hyperinflation and Inflation), the Taxation thief but
also direct confiscation by the Authorities.
the Fair had all Templars arrested and confiscated all their
belongings. He also did this after arresting the
Jews so he could seize their assets to accommodate the inflated costs
of modern warfare. He debased the coinage. When he also
levied taxes on the French clergy of one half their annual income, he
caused an uproar within the Roman Catholic Church....[this shows you
how far these guys can be trusted].
His reign marks the French transition from a charismatic monarchy –
which could all but collapse in an incompetent reign – to a
Philip the Fair wasn't fair at all...
Beating the Hyperinflationary depression is one
thing, keeping your savings out of reach of the Authorities will be
another. What sense
does it make to invest your savings properly if over the coming months
and/or years the Authorities take these away in a similar way they
took them away after the 2nd WW (Operation Gutt) or like happened in
Argentina some years ago and as is happening now in Hungary.
In Europe (EU) as of 2012 ALL SECURITIES must by law by DIGITALIZED
or they will become worthless. Physical Gold
and Silver can be stored away in an old tool box or paint
container in your garage. Real Estate cannot be deflated
and hidden in some stash [Napoleon taxed Homes on the number of
windows they had] Bank deposits and saving accounts are
digital and so are Securities (Bonds and Stocks). Or how
easy it will be for the Authorities to confiscate (with the help of
their best buddies The Banksters your savings.
Hence one must think twice
before deciding upon a bank and a location where to keep your bank
deposits and Gold and Silver shares.
JPMorgan cornering the Copper market in London is for us just
another indication we're heading for a Hyperinflation...and
probably also for a WAR (Copper is extremely important for Warfare)
initiated another short term bull run and those who have none MUST buy
some as soon as possible. We have a paradigm shift and SECURITY comes
before price. Having said this, in many EU
countries Silver is taxed (21% VAT !) and Gold is not.
Either one must buy old silver or stay with Gold coins and Gold
bullion which are not taxed.
Friday December 3, 2010 -
Bond markets keep on sliding and the Bond crash we
2009 is gaining momentum...don't forget
to check the section of
Bond fundamentals. We've added a
scary chart. And STAY AWAY and SELL
CORPORATE BONDS. Bonds issued by
Banks in particular.
November 3 we indicated the reversal of Crude Oil and Oil stocks!
There is NO ECONOMIC RECOVERY on its way in Europe.
We shall have no until they have solved the basic
problems of taxation and regulation, the misallocated funds have been
washed out of the system and the problems of the Bond markets/debt
have been solved.
Thursday December 2, 2010 - The Herd makes the
market and it always looses: it doesn't get in when it's time and gets
in when it's too late !
the USA we have an ongoing battle between Democrats and Republicans
about the Bush Tax cuts. They pretend the future of
the USA is at stake. The
battle itself is pure propaganda: the authorities will take your money
either way - either by taxation or by Inflation. So simple it is.
You were good enough to buy the crappy paper (Repacked Mortgage
contracts) from the bankers but now they refuse to buy it back from
Fanny and Freddy!? Still leaving your savings to
these Banksters? Still trusting them to manage your savings and keep
your deposits? Still
sitting with Bank-Bonds sold to you by these guys operating out of 30
stock marble buildings? Still trusting your well dressed banker around
the corner who's doing nothing more than following up instructions and
who doesn't understand what's really happening? ...more
Crude Oil has
broken out of a solid bottom and
Oil shares are
surfing out of the dips we were talking about only weeks ago.
See the updated sections and shopping baskets for
details. The Oil sector offers a GREAT DIVERSIFICATION for the Oil
sector! Don't forget to
shop in this section NOW...what is happening now is only
confirm what we wrote some weeks ago....Our charts in the section of
Oil shares tell a thousand words.
section just confirms what we write in other sections...more
The coordinated efforts of the Gold Pool II (central banksters.,
etc...) are CLEARLY loosing their grip on the Gold and Silver sector.
Last intervention was nothing more than an ambush in mid session...and
Expect Gold and Silver prices
to explode the day this happens...more
Wednesday December 1, 2010 - Fresh bull run of
the Gold and Silver sector - Capital rushes around fleeing political
changes and taxes just as it is attracted by prosperity!
The Financial Problems WON'T GO AWAY. They will get WORSE FIRST
It is five to twelve for holders of
Government Bonds, Cash and Real Estate
(in Europe) to ACT NOW. Many have eyes but don't see, they have ears
but don't hear. They fail to understand the Paradigm shift we have and
their immobility will ruin them. American, Greeks, Irish,... know
better because they are actually have been living the Real Estate
crash in person. Government cannot save us, and will only assist the
very economic and financial disaster we face. Financial problems shift from the Private to
the Public sector but in the end the chickens come back to roost as it
is ALWAYS the private sector who end up paying for the bills.
As politicians explain, there are no problems as long as they can use
your savings to cover their deficits. (like they did in
Argentina, Hungary,...). Real
Estate cannot be hidden away in a safe out of reach of the
Authorities. Securities (Bonds, stocks) have been digitalized and in
13 months from now (2012) ALL will have to. What a luxury for the King
as one phone call with his buddy the Treasurer does to tax his people
in whichever way he needs to....
"At the beginning of the 20th
century, Argentina was the seventh richest nation on earth. It's very name means
"silver." "As rich as an Argentine" was a byword. Even after falling from the
heights through a series of bad decisions, the country was still so wealthy
that, in 1946 when new president Juan Peron first visited the central bank, he
could remark that "There was so much gold you could barely walk through the
Those who live in denial about
Real Estate in Europe (Spain,
the UK and
Ireland have/are actually experiencing it NOW) should do
themselves a favor and spent the year end in
Florida. Sometimes you have to see it with your
own eyes and have to touch the difference like I do by traveling from
continent to continent so they can clear their mind of the incorrect
propaganda. Only then you will be able to answer the question why €200,000 buys so little in Northern Europe and so much in the
USA and Florida. Having said this there
is something terribly wrong if you buy a € 1,000,000 flat on the
Belgian or Dutch coast and/or a vacation house in Southern France...
The Secular bull run of the Gold and Silver sector is actually
accelerating as expected. Check our charts in
the subscription section for the breakouts....We have a clear picture
in the Euro section.
also bring a message for the Dollar/Euro/Pound Sterling exchange rate.
Take some time to check the
GLD EFT chart in our $-Gold section.
A school book example of break away gaps and what
happens afterwards...[Run away or break away gaps proof a market is very
bullish. Important is that most of the time these GAPS are closed before
the bull run is resumed]
It is extremely hard to understand why people don't understand and see
what is actually happening.
The inflation in India is 8.5% ....weird that it is a lot higher
than we the Authorities pretend we have in the West.
Or does somebody lie? Do you
still trust Louis XVI?...more
Gold and Silver
majors have been updated as well as
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