Subscribe Now!

Subscribe for Access!

Subscribe

 

Subscription »

The New Great Depression and how to preserve your savings...

How to use the SHOPPING CART and get access to 500 pages of Financial Advice written by experienced analysts (site is updated daily - monthly)!

Benefits »

  1. Get access to the daily investment news updates
  2. Get access to all  +500 subscriber's sections
  3. Receive important email alerts and breaking news
  4. Access to email consultations and coaching. (limited - please inquire)
  5. Get a free analysis of your portfolio/savings (limited) - please inquire)
  6. Get up to 2 weeks free!
  7. Learn how to get your second passport
  8. Learn more about Non-Bank & out of political reach vaults
  • euro gold for 1 house 2021 slide
  • best places slide2.jpg

  • FEC ECB.png
  • vault panama us.png
  • fools gold slide.png
  • Goldonomic
  • Goldonomic
  • Goldonomic
  • Goldonomic
  • Goldonomic
  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

    -

  • The mainstream (corporate) media is nothing less than the unofficial accomplice of the banking crime syndicate which is running/ruining our markets and economies. Nowhere is this despicable relationship more apparent than in its deliberate efforts to grossly misinform investors on the critical subject of risk.

    Jeff Nielsen

  • The business of investing rationally becomes problematic when market participants are pursuing maximum nominal returns without a second thought as to the real (inflation-adjusted) value of those returns and the location of the savings.

    --

  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

    Sprott

Free Newsletter

12
September
2008

READY FOR THE LAST ACT

All seems to be ready for the last act

Francis Schutte – Sept 11, 2008

Over the last months the markets have been behaving in an erratic, illogical and volatile way. And yet, as the puzzle falls into place it looks like what we saw was the back stage people preparing the setup for what could be a ‘Huge slide’ and maybe the play (crash) of the century that is to be printed in the history books of our grand-children.

The CDO subprime is about to leave the eye of the storm shortly and start its second act as the backstage actors are impatient to join the play: Credit swaps, Credit card debt, Student loans,…

The Dollar runs a current account deficit of more than $ 800 bn per year. Unseen in history! The budget deficit is + $ 400 bn. Even cooked there is not a single American statistic that looks decent.

The Dollar Index is running into the Mother of all Necklines which is part of the mother of all Head and Shoulder formations. Technically, it is extremely overbought and the net short position of Commercials is at a historically high level. The Elliott Wave specialists will probably soon call the end of the ABC correction/wave 4 and the start of a huge parabolic run away 5th down wave.

Just like in 1921 with the German Mark*, the Dollar is giving the impression that “All is well Mme la Marquise”. Brainless Media are talking the public back into the Dollar. All problems are behind us and the Dollar will once again shine as it has never before. 

* In 1921 it only took 6 months before the investors realized the huge mistake they made and to massively start selling Marks. The German currency crashed until 1929 where it was replaced by the Reichsmark.

The American bond market has run up to a point which is extremely close to the upper resistance line of the Top/Distribution pattern. Off course, technically, Bonds are also overbought.

Commodities are flashing the economy could fall into a Deflation cycle. Commodities and Oil have – since this summer – been coming down in a crash mode. Gold and Silverare seeing a sharp correction: Silver lost half of its value and Gold about 25%.

Physical Gold and Silver are in short supply as demand is strongly up as a result of the push on paper Gold and Silver this summer. In Europe, Deutsche bank has stopped trading Kruger Rands because of the present shortage. Technically both have fallen into historically high OVERSOLD positions. Commercial Gold traders are (they know better) sitting with an extremely low position of Short contracts. Elliott wave specialists will probably call the end of the ABC wave 4 correction and the start of a huge run up of Gold in its 5th parabolic wave.

As expected Talking heads are incorrectly calling for the end of the Gold and Silver bubble, the Investor sentiment has become extremely negative and more and more investors start to short gold now. What the authorities planned is happening. 

Western world stock markets all show huge double tops, secular Bear Market Trends and have or are falling out of a rising Flag/Wedge. As they do, they will at a certain point start their Second and strongest down wave. Remember, October has a very bad reputation!

At this point, the scenario starts to become clear.

As selling pressure increases on the Dollar and/or the Stock market, both reverse course. Investors start to see the huge mistake they made by buying Dollars and Stocks over the last months and start to liquidate their positions. The pressure increases on the Dollar and Utilities and Bonds also start to fall. As the Fed sits between a rock and a hard plate, it has little or no room to increase interests in order to protect the Dollar. So, in order to keep the financial system alive and the economy liquid, it massively starts to monetize the debt (they buy all T-bonds and notes). Because of hyperinflation, interest rates start to rise to levels never seen before.

At the same time, Gold & Silver and some commodities (Oil) sharply reverse course. Banks and financials continue to go bankrupt…

Categories: Press, News, World Stock Market Indexes

Widgetkit Twitter

Has Sleepy Joe become a medical doctor or is he a Pharma Tyran?!

Goldonomic Goldonomic

RT @ErikGeenen: Op een goed jaar tijd zijn we geevolueerd vd normale onwaarschijnlijke domheid vd kudde naar de quasi algemeen aanvaarde, b…

Goldonomic Goldonomic