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  • 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

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31
August
2014

UPDATE AUGUST 2014

IT'S NOW OR NEVER: HIGH TIME TO PUT YOUR SAVINGS OUT OF POLITICAL REACH!

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Friday August 29, 2014 - Did you know that central banks are buying shares and the USA is in fact already monetizing its deb t!? -

LABOR DAY SPECIAL VALID UNTIL MONDAY 12 PM Eastern Time: SUBSCRIBERS get 15 months for the price of 12 & COACHING come for 15 months for the price of 12 months. [send email or use shopping basket to activate]

"The risks are piling up in the financial system. . . . The Federal Reserve is printing, printing, printing . . . we're going to have a world class currency crisis." Given the current situation of a broken money system and dwindling natural resources, Martenson says, "I don't see how you avoid a hard landing at this point." Chris Martenson


Its offshore professional community is one of the best. 


panama prosperityThe Republic of Panama is ideally suited for the offshore investor who wants strong financial privacy and no local taxes, corporate or personal. Its territorial tax system imposes taxes only on earnings from within the country. South of Miami, Panama is the leading banking and financial center in Latin America with over 80 banks, many local branches of global banks. It has strong financial privacy laws and it asset protection laws go back to the 1920s governing creation of corporations, trusts and, since the 1990s, private family foundations.

It is important to protect your assets by putting some of them offshore, but you should also consider attaining a second citizenship so that they can easily move outside the United States & Europe.

There are many and varied programs for foreigners who wish to make it their home. In recent decades, Panama deliberately has positioned itself as a first-class retirement haven, with some of the most appealing programs of special benefits for foreign residents and retirees anywhere in the world. Whether an individual may want to become a citizen of Panama depends on their financial and tax situation.

Foreign persons residing in Panama are exempt from income taxes on all earnings unless the income is from within Panama. Citizens pay taxes of up to 30%. Official foreign resident status usually is sufficient since it grants virtually all rights, including property ownership, as well as an identification and travel document (but not an official passport). An official passport can be obtained after 5 years.

Panama offers a variety of visas for investors, persons of high net worth, wealthy retirees, business and agricultural business investors and entrepreneurs, and those who simply want to immigrate and become Panamanian residents and/or citizens.

The Pensionado program offers immediate residence to qualified retirees, along with tax exemptions and discounts on many goods and services, but does not provide citizenship.

Since 2012 an “Immediate Permanent Resident” visa is available for qualified foreign nationals who invest in Panama businesses and it does lead to eventual citizenship.

All resident visa applications must be made through qualified attorneys. So far Goldonomic has assisted with a 100% success rate several clients...

Last but not least, Panama is a melting pot and a growing, dynamic country with lots of immigrants who left the bankrupt Socialist countries of Central and South-America: Venezuela, Argentina, Colombia, Cuba,...to start a new life. Panama is also extremely SAFE. Unless, off course, you go hiking in the tropical forest. Also there is no need to take Malaria pills and you don't need no injections (Yellow fever,..).

Hotels are excellent and affordable and food is excellent...and Shopping Malls a positive surprise.

Who is John Galt?


      Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.  


Thursday August 28, 2014 - under construction - Voltaire said already in 1729: "Paper money eventually returns to its intrinsic value – ZERO."

gold sheepUpdated sections: Peak Oil , 

Swiss Gold Referendum on November 30 -  One of the very few remaining proper democracies in the world will vote on bringing the Swiss Gold back to Switzerland on November 30. This is an initiative that could only happen in Switzerland. An influential member of parliament, Luzi Stamm, representing the biggest Swiss party SVP (Swiss People’s Party) started this initiative with two other parliamentarians. Not only will the referendum deal with gold repatriation but also seeks to stop all gold sales by the SNB (Swiss National Bank) and to require the SNB to hold 20% of its assets in gold. The Swiss Parliament and the SNB are against the initiative since it would stop their ability to freely print money. Swiss monetary policy used to be the soundest in the world, but in recent years Switzerland has joined other countries in abandoning a policy of sound money. Switzerland had 2,600 tons of gold in 1999 which was a significant amount in relation to the size of the country. At that time it was decided to sell 50% of the holding. Most of this was sold at the low of the market just like in the UK.

Following video is important to understand how the Authorities lie and distort figures and why it has become so dangerous to read and listen to the Mainstream media. Unless of course you want to continue to live in LALA-land. [the clip comes with subtitles in several languages]. The video watcher will quickly understand that the 'official distortion' of the reality will probably end in a catastrophe once the HERD sees it has been lied to all these years.

Understanding Peak Oil and why Solar and Wind energy cannot possibly make up, is another important part of today's world...and as the marginal exploitation price of Oil continues to rise it points directly to TAINTER or WHY Complex Societies cannot survive...or WHY any Energy Style of Depression ALWAYS end with a Global War. After watching these video's it becomes clear why ENERGY (Oil, Coal, Uranium) should make a significant part of one's portfolio. [the marginal exploitation price of Oil is $ 75 and rising]...see subscriber's sections for the selection of Energy shares.

      Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.   



Wednesday August 27, 2014  - The REAL danger of - ISIS - is that they are maybe your neighbor -

dow recordUpdated sections: 

Global bond yields continue to set record lows. The 10-year German bund fell below 1 percent, the Italian 10-year note has dropped below 2.60 percent, Spanish bonds fell to 2.40 percent, and Japan is offering a shocking one half of 1 percent to borrow funds for 10 years. Even Greece, whose bonds were on ECB life support just two years ago, has a 10-year note yielding below 6 percent. Worldwide bond yields are at all-time lows, leaving market commentators scrambling to come up with a creative array of explanations for this phenomenon....

Few commentators are willing to admit that plunging bond yields are signaling the same thing all over the world. : Western Governments are compelled to seek a condition of perpetual inflation to maintain the illusion of prosperity and solvency. In order to continue to honor their debt, they have no alternate but to print more money (issue more bonds) and monetize the debt (keep interest rates near ZERO).

House of CardsAs a consequence (communicating financial vessels) the Dow Jones Industrial Average briefly pushed into record territory, hitting a fresh intraday high of 17153.80 earlier in the session. In recent trade, the blue-chip index gained 55 points, or 0.3%, to 17132. The Nasdaq Composite Index added 16 points, or 0.4%, to 4573.

The Dow Jones & SP500 are at a record for the wrong reason. Stocks are rising because of QE , the BUY programs of the Central banks and the expectation that we shall soon see less tapering and more money printing.

The S&P 500 has completely recovered from the mid-July pullback in stocks caused in part by a sharp escalation of geopolitical tensions in Ukraine and the Middle East. Stocks have hit a series of records this year, boosted by low interest rates and evidence of an economic recovery.

Apart from physical Gold, there are few available investment instruments which will protect your savings the day this House of cards collapses...it eventually will !!!

 You must be prepared and understand what is happening and invest accordingly. Important is NOT to trust Wall Street. At some point this bubble is going to burst BIG TIME. It's not about making those 10% extra profit tomorrow, it's about making big profits when eventually happens what we have been explaining for years...

Unlike stocks, bonds and bank deposits where…you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone.”

Point and Figures charts have the advantage that they rule out 'inconsistent short term fluctuations' and only show the IMPORTANT Trend or consolidation zone. Short term fluctuations are very unpredictable and a game for gamblers which should go to a Casino. Defining the SCALE and the consolidation zones are the 'art of the game' which requests a lot of experience. The PF charts which I use are mainly THREE POINT reversal charts: each x stands for a higher price and each o for a lower one. In a three point system, a new column is only used if I can plot at least THREE signs ( xxx or ooo). Point and figures charts must be seen in a context. Isolating a PF chart is extremely hazardous.

XEU pf2a

  • Each PF chart shows Consolidation zones and trend channels. A consolidation zone can be an Accumulation zone or a Distribution zone. In case of an accumulation, the price will break out on the upside. In case of a distribution the price will fall out on the down side.
  • The Euro/Dollar PF chart shows to major consolidation zones. The 1st zone matured from 2000 until 2002. June 2002 the Dollar started to weaken and Gold started its Bull run. This chart did so confirm the breakout for Gold.
  • A consolidation zone (also called technical pattern) is mature as soon as 4/5th has been completed. Once completed, price must break out and should be confirmed by a Backtest. during a Backtest, the price momentarily comes back to that price level where it broke out of the technical pattern.
  • The size of the consolidation zone dictated the Targets of Objectives. The 2000-2002 consolidation zone had 1.62 as Target (*) . Target was reached in 2007-08. The larger the consolidation zone, the bigger the vacuum above and below the one and the higher/lower the objective.
  • The 2nd consolidation zone (2008-2013) is also maturing (4/5th has been completed).  Whether the Euro breaks out on the upside or falls through the bottom of the pattern defined by the two thick blue lines will have a significant impact on the price of Gold and Silver. Support level are 1.22 (B)  and Resistance level is 1.38 (E) . If the Euro breaks down the 1.22 and we have a successful backtest, the Objective is .82 to the Dollar. If however the Euro breaks through the 1.38 level the 1st target is 1.62 (A or the 2007-2008 top). Because of the size of the actual pattern, the 2nd target is 1.88 (D)  and the 3rd final target even higher.
  • Note the small BEARISH WEDGE inside the consolidation zone. It points to a weaker Euro in the short run and an objective of 1.22 . This target will probably be reached by the end of the year.
  • This story may be important for the price evolution of Gold & Silver and may try to tell us that we may not see any major bull run until 2015.

Important Technicals:

  • Trans Canada Pipeline (TRP.TO) is starting a new upleg and is a BUY (see oil shares)

      Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Tuesday August 26, 2014 - Central Banks and Authorities have painted themselves in a corner -

Updated Sections:

Instability is the name of the Game in Ukraine and the Middle-East. It serves both the Russians and the Americans. Don't forget that Social unrests and War comes as a consequence of the Great Depression: people get dissatisfied, have no food, live in poverty,...


Bankrupt France In "Political Turmoil" After Hollande Unexpectedly Dissolves Government. Just days after we reported that trouble was brewing in socialist paradise, when the rating of Venezuela’s Maduro tumbled to all-time lows, and Argentina may default, socialism is once again in turmoil, this time in France...also in France the money of THE OTHERS has been spend! [ better move your savings away before they come and take to save their skin!]

Central Banks and Authorities have painted themselves in a corner. As the MARGINAL interest rates comes down, they have no choice: it's either continue to print money (exponentially) and continue to bring interest rates lower (and if necessary push these below ZERO) or DEFAULT.  A default we eventually shall see. When it happens, I expect the Central Banks and Governments to blame somebody else...maybe a War. By printing money and pushing/holding interest rates down and low, they kick the can down the street....until the day comes that it kicks the wall and explodes. Unfortunately, it is extremely hard, if possible at all to forecast THE DAY.

In the mean time, the Dream and the Fate Morgana, the Mirage is alive and continues to trick the majority of the Investors. And this includes the Bankers and Financial Experts. As long as we have no accident, no implosion, they continue to be right. The day the ACCIDENT happens, we won't hear them any more and their followers will know they did wrong and understand what happened...but will be poor....

The Financial World & Stock Markets are filled with people who know an answer to and the price of everything, but the value of nothing!

At first there is one rat, the next day two rats. Only weeks later, there are several rats....and people learn to live with the problem... The tend to forget that in a year, the place will be invaded by rats and unlivable. This is what happened in Johannesburg from 1994 on (after Mandela was elected). and later on in Pretoria. Today the names of the streets and even the name of Pretoria has been changed and one has to be lucky to meet a White person in the streets...Those who did not believe that this was to happen, who did not prepare themselves can no more sell their house (at least not at a decent price)...

For centuries GOLD has been the key to a sound monetary system and the worst enemy of Government and Bankers because it limits FRAUD. Since the 1960's the 'Official Gold holdings' of Central banks have fallen by more than half and in reality the picture is probably even worse...

central bank gold holdings 2014

 Important Technicals:

  • SSEC (China) seems to confirm its breakout.
  • DANGER ! Nominal Long Term interest rates tend to become NEGATIVE.

     Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Monday August 25, 2014 - A mockery: Yellen sees significant under-use of labor Resources ! -


appearancesUpdated sections: Pound Sterling, Euro , Yen , Aussie , Gold & Silver majors (LT candle) , Juniors (LT candle) , $-Gold (LT candle) & GLD, Silver fundamentals , 

I think Janet Yellen must sign up for "keeping up Appearances" . Oracle Yellen has said the central bank has no "mechanical answer" for when to raise rates, and that before doing so policy makers must be certain the economy is on a solid footing. She is really taking the people for IDIOTS ! The American economy is falling apart...the Dollar is a death man walking, there is a potential danger of a Civil War, ... I have since long stopped wasting my time in listening to the oracle speeches of Bernanke and Yellen. Clear these are written by some Hollywood script-writer.

Gold is now both undervalued and unloved and will therefore not just serve as insurance in coming years, but it's also likely to appreciate in price more than any of us can imagine...having said this, whether or not it's paper price goes up or comes down is COMPLETELY irrelevant.

chanel-No5Give Politicians regulation power over Perfumes and they'll turn Chanel #5 into shit.  Give Politicians the Sahara in management and within 5 years there won't be any sand left. Give them power over the Energy sector and within 5 years everybody will sit in the cold and darkness . Marilyn Monroe famously wore it to bed – with nothing else – but now Chanel No 5 is under threat from Brussels. The signature perfume is one of several that may need to be reformulated under new European Commission regulations aimed at protecting consumers from allergies. Chanel No 5 and Dior’s Miss Dior, two of the most popular perfumes in the world, contain mosses which could be banned under new rules. The perfume houses are desperately trying to synthesize the aromas, which give the scents their woody base notes. Chanel No 5, which has been on the market for 93 years, is the world’s best selling perfume, with a bottle sold every 30 seconds...more

What more must happen before these Intelligent Psychopaths are stopped in their Madness !?

Muslims are indeed extremely nice, complacent , peace loving people. A Troyan horse it is ! This will have far reaching consequences. [there are similar video shots of Spain, France, Belgistan, Germany, Russia,...just check Youtube and fill your weekend]


Interview with Sergei Glaziev- adviser to President Putin   (courtesy GVB) A MUST SEE !!!!

 Adopted at pace by central banks around the world, China’s renminbi is now seen by many as a de facto reserve currency – and well on the way to becoming an official one. Central banks have caught the renminbi fever, and are showing strong interest in investing part of their foreign-currency reserves in the Chinese currency, with more than 50 central banks now actively doing so either onshore or offshore. Uptake is strongest in Asia, Africa and South America – regions with fast-growing trade and investment links with China – but even in Europe central banks are busy allocating reserves to the renminbi...more

Important Technicals:

  • see candle charts in updated sections.

     Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Friday August 22, 2014 - A Hyperinflation monetary policy is only possible with deflation propaganda -

 Updated Sections: Bonds/Treasuries USA & Germany , Treasuries in the EU , Corporate Bonds , Inflation Index , Crude Oil, US-Dollar , 

No comment ! Thailand, Singapore and Malaysia fans are hereby warned.

peacefull part of planet earth

During the 1930's the stock markets did not feel like coming down either. That is until the Great Crash of October 1929. This time one may not forget that the STEROIDS of DERIVATIVES should logically propel markets even higher. Today Markets are totally divorced from the reality of what is going on both economically and geopolitically.  Markets are now in a manic phase, driven by false hope and momentum....

2014-08-21 10.12.19 am

Picture perfect it is !...the recovery, prosperity sits right around the corner.

The SP500 hit another new high today and continues to close in on the psychological 2000 level. The Nasdaq-100, which has been a persistent outperformer, took out the 4000 level earlier this week. Bond yields are low, liquidity abundant, oil prices have fallen, the Russia/Ukraine crisis has ebbed, the earnings season has been particularly ebullient, companies have been buying back stock in prodigious amounts and no one really thinks the Fed is going to raise interest rates anytime soon. The Dollar is strong, Gold & Silver weak, there is NO inflation....How could it get any better?

Important Technicals: 

  • Short term Gold has eased back to its support level.
  • New RECORD-TOP for German Treasuries...wonderful dangerous BUBBLE...
  • Crude Oil still sits in a Secular Bull Trend.
  • There are TWO cycles maturing at the same time - TOMORROW August 22

     Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Thursday August 21, 2014 - There is no place for these savages in the 21st century -

islamUpdated sections: Real Estate in Spain , Real Estate in the USA , Real Estate in the UK , Real Estate in South-Africa , Real Estate in Belgium, France, The Netherlands ,

The Savages have emigrated all over the Western World. They also live in Europe and the United States,...While it has become almost impossible for entrepreneurs to immigrate to certain countries, this kind of people have as a rule passed all the tests and have been living for years in England, the USA, France, Spain, Belgium, the Netherlands, Germany, Switzerland,...

Humanity will overcome the financial crisis. Many however forget that the Real Danger is that all these unemployed and hopeless young people may start to terrorize society.

Traveling has already become a problem for Russians (sanctions) but I have the impression they will have to welcome the Americans to the club. Not only has it become extremely hard for an American citizen and resident to open a bank account outside of the USA, but today it has become risky to travel on an American passport.

House prices in the UK have never fallen by more than 10pc over a year in recorded history, except in 1931, when Britain left the gold standard. David Owen of Dresdner Kleinwort said: "Back then, sterling had been ejected from the gold standard and the currency collapsed, and, although this helped exports, house prices collapsed. What we are seeing now in the Uk and USA has some parallels with then.

Important Technicals:

  • US-Dollar continues it's spin to $ 1.22 versus the Euro.
  • Chinese Real Estate continues to weaken.

Top Aug202014

    Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Wednesday August 20, 2014 - Markets don't seem to give in , once and when they do, it probably will be the End-game -

ferguson policeUpdated sections: The Gold pool, Technical analysis , Investing for Dummies , Portfolio 

In the USA the police forces are being militarized. American Leaders are aware that they have an enormous growing domestic problem, and it's called RACISM. The American Black population and Latino's are growing at a fast pace and about to become the 'jobless-poor' majority in the USA. The vehicles which are being used by the police and the way the riots are dealt with, make think of the situation in South-Africa until 1994 when Nelson Mandela was elected and the public/legal Apartheid was terminated. Anybody who has lived the 1990's in South-Africa understands the situation. Add to this that there is a difference between US-colored people and Africans. Not normal that I have to be careful about the way I am phrasing this paragraph. There is a REAL RISK that this may spread all over the USA. 

This is all about unemployed people living off foodstamps.

At the same time WAR is expanding in East Europe and the Middle-East and the Mainstream Media are slowly but surely trying to convince the Herd that WAR and Social unrest's are NORMALCY,...extremely dangerous and potentially explosive situation...more


Off course, in this new World War III, they are all TERRORISTS... Ukrainian President Petro Poroshenko signed a law Aug. 18 that expands the powers of police in what the country calls the anti-terrorist operation (ATO). “The document gives the right to law enforcers to apply without warning measures of physical effect, special means and firearms against persons who are recognized terrorists under the Law of Ukraine [called] ‘On [the] struggle against terrorism,’” a presidential statement said. The law is intended to increase the safety level of law enforcers in the course the ATO and facilitate “more efficient fulfillment of tasks on neutralization of terrorists,” according to the president’s statement...more

And we should not forget about the Inevitable Caliphate. Who would only 10 years ago have expected, or even dreamed that such a situation would ever be possible in the 21st century!?

CALIPHATE

Trailing stops are very important, especially in the actual market environment. Markets don't seem to give in or correct, when they do, it probably will be the End-game. In the mean time Central Banks seem to maintain a firm grip on the where-about of the stock markets.

Following graph clearly shows when we had a top for the Spanish Real Estate Market. It also is clear that the BOTTOM ain' t near. As a matter of fact we have at least. another 20 years to go before we have a bottom. No revival before 2033..!

cement spain 2014

Important Fundamentals:

  • so many bankers/financial analysts  call for a Significant Correction (and such is certainly a fundamental and technical possibility) that I am more and more convinced we shall see NO correction...that is until the Financial  markets crash in a 1929 style.
  • Silvercorp Reports Significant Gain In Measured And Indicated Mineral Resources At The Ying Silver-Lead-Zinc Mining District, Henan Province, China
  • Statoil (see Oil shares) signed a huge contract with Russia cfr. oil exploration and exploitation in the Barents Sea.

Important Technicals:

  •  We have added 10,430 shares of Banro (BAA) for an amount of $ 2,400 to our portfolio.

TOP19 aug14

   Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Tuesday August 19, 2014 -  Bond yields lowest since 15th century Genoa -

Updated sections: Copper , Gold & Silver Majors , Rupee-Gold , Yuan-Gold , $-Gold , Uranium ,

Europe's bond yields lowest since 15th century Genoa. “Yields fell this low in Genoa in the 15th century but there has been nothing like this in Europe in modern times,” said professor Richard Werner, from Southampton University.

If European banking was invented anywhere, it was probably in Genoa in the 12th century, spurred on by the revival of trade in the Mediterranean. The first recorded public bond is dated January 1150 when the municipality raised 400 lire by granting to investors the tax revenue raised from stallholders in the marketplace. The term was 29 years, and the loans were described as compere—or purchases—to evade the church's usury laws. In the 13th century tradable government bonds were issued in Genoa, paying 7% interest.

 

genova interest rates usa-DE-japan

Do you have a plan B? Though on the surface the current protests in Ferguson are about race, they reveal a much deeper truth about the situation. As they protest, the people are following their instincts, and their instincts are telling them not to trust the state. There's an invisible wall going up around us, everywhere in Western civilization. People are starting to realize it and that's why there's so much anger. But rather than getting angry or emotional, it's time to get ready. Rational people have a plan B. Because if you wait too long, you'll wake up one day and see that the Wall has been built, and suddenly stands far greater than your ability to escape it unscathed.

I wonder if the people of East Germany would have hesitated to move their savings out of political reach if they would have known what was about to happen in the years following World War II. !? Would it really have mattered that they would have to wait to repatriate the funds until the USSR went bankrupt in 1989 ?

Because of the Fear Propaganda sold by the Authorities through the Mainstream Media, many savers have a problem in REASONING correctly...

 Important Technicals:

  • Descartes (DSG) - recession proof shares is starting a fresh upleg and is a BUY...also see candle charts for other shares.
  • expect some significant move for Gold & Silver soon...
B2Gold candle1 DGCto candle2 FCX candle2
GG candle2

click to enlarge

top aug18

GPL candle2

   Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Monday August 18, 2014 - under construction - The fairy tale is almost too perfect -

magic hatUpdated sections: Crude Oil , Coal , 

We are experiencing a (hyper)inflationary depression. As a consequence of Quantitative Easing (exponential growing money supply) the price of Low Order Consumer Goods (LOCG) stays high and keeps rising and the price of High Order Capital Goods (HOCG) comes down. [with the exception of seasonal and other short term fluctuations].

Real Estate is a HOCG and does not protect savings.  During the Weimar Hyperinflation Rentals were more or less nominal and in the period of hyperinflation , housing was obtained practically free of charge . In reality the property of the landlords was confiscated. Imports but also exports were controlled. Argentina taxes the export of food but Germany simply banned it.  During those years interest rates were never raised sufficiently to prevent a negative return. Buyers were eager to purchase anything which would maintain value. Hence the more rapid the rise in price the greater the demand.  People purchased not what they needed but whatever they could get. 

All of the technological improvements of the last decades originated in capitalistic countries. The people of the USA are now more prosperous than the inhabitants of all other countries because their government embarked LATER than the governments in other parts of the world upon the policy of obstructing business. Once popular government (democracy) popular controls the production and distribution it's GAME OVER. Mainly because of misallocation of funds, taxation and regulation it chases away (or consumes) Capital and Entrepreneurs.

They are fabricating the DREAM BUBBLE…with the help of Derivatives, Central Banks and Propaganda.

The fairy tale is almost perfect.

derivativesFinancial markets are rigged..thanks to Derivatives which are a mighty weapon.

  • with the help of swaps currencies are maneuvered within a certain trading channel (up and down)
  • the price of food commodities (wheat, corn, soy, sugar) is locked
  • gold, silver, palladium, platinum, copper, …the price of most metals is rigged
  • energy: crude oil, natural gas and uranium…even with a war raging in the Middle-East, the price comes down and is staying low.
  • interest rates are miraculously staying low. Swaps are the magic.
  • price of short and long term treasuries is miraculously staying high
  • stock markets are going up because either the co’s are buying in their own stocks ore the FED or ECB are buying.
A hyperinflation policy is only possible with a deflation propaganda.

Prices are not coming down, are they!? We have a strong deflation propaganda. And...it’s working. Mainstream Media, some analysts and a lot of people BELIEVE it. Off course the price of High Order Capital Goods (real estate, electronics,..) are coming down. Such is normal in a hyper inflationary depression. But the price of LOCG continues to go up. Every family experience it each time they go shopping. In many countries, the price of utilities keep soaring: electricity, natural gas, water,...But unemployment and poverty continues to go up and stays high. As a consequence we have more and more social unrest in the USA and Western Europe and more and more war in the Middle-East, Central Europe...

Important is to know that by manipulation a basic trend cannot be reversed and that only an up- or downtrend can be delayed. Even more important is that, the longer the manipulations lasts for, the stronger and the more dramatic the final freakout and bull/bear run once the manipulation stops working. In the mean time, it's waiting for GODOT and rather unpleasant for the Financial Analysts and Investors who understand what is happening.

Important Technicals:

  • No basic trend can altered, but the volatility can be contained during a certain period of time. As a consequence the consolidation zones become larger than normal and so will the up or down-leg once price breaks out.
  • Uranium ETF surges off support and Cameco leads the sector higher.
  • Crude Oil price bouncing off bottom of long term secular uptrend and potential bullish KEY REVERSAL.
  • Confirmed Bullish Buy signal for COAL !
  • Worrying is that all ENERGIES seem to give a BUY signal...this points to more war in Ukraine and the Middle-East. Europe could well have energy and heating problems this coming winter!

   Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.  


Friday August 15, 2014 - J.W. Bush and Obama are probable the most ignorant and worst presidents the USA had ever -

Updated sections: Oil Shares , Natural Gas & shares , 

J.W. Bush and Obama are probable the most ignorant and worst presidents the USA had ever. They restored the danger of nuclear war that was been pushed away. They opened the Pandora's Box  of the Middle East in an effort to to let the US-Dollar survive for as long as possible.

The day the Dollar is coming down, it's going to be a flash event and it's going to be extremely painful. Such will happen the day Rigging stops working or some event blows it up...

Those who have no or little Gold and don't buy any now because the price ain't going up are Stupid!

The Gold & Silver Markets are being manipulated more each day! Authorities don't even care that it is leaking out in through the Mainstream media. This will keep going and will get worse until it ends with a BANG. I am more and more convinced that between today and the Bang NOTHING will happen, that we will continue to meddle and won't have a Bull market for the Gold & Silver sector until something blows up and the price of Gold goes up with a bang. That day it will simply BE IMPOSSIBLE to BUY Gold. Another example of Gresham's law (the Bad money chases the good away).

The Gold-Bang will probably mark the day the flight out of the US-Dollar starts... and it becomes IMPOSSIBLE to buy any Gold.

The name of the Game is to survive financially, not to make more fiat money.

  • So stop moaning about the fact that the price of Gold & Silver is not going up and that you may have a loss on your Gold & Silver and rather use the time to move your Gold & Silver out of political reach now.
  • The US-Dollar is the KEY for the Black Swan...Some day we'll have a flight out of the Dollar....and sequentually the Bond Markets and Stock Markets will crash, banks will go belly up, currencies will fail...and it will be game over.

Important Technicals:

  • Bellatrix (BXE) - caution - potential Stop Loss situation. Sell during backtest.
  • Husky Oil (HSE.TO) : backtest completed = BUY
  • Sasoil (SSL) : backtest completed = BUY [co. makes diesel out of coal]
  • Piedmont natural gas (PNY) is a Buy

   Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Thursday August 14, 2014 - The Western world is sitting on worthless Derivatives and ZERO interest interest rates and the Mainstreet Economy is depending upon assets bubbles.

These won't be shown by the Mainstream Media...Putin knows what he does and what he says. (courtesy of H.N.)

 Vladimir Putin exposes the NWO - I  Vladimir Putin exposes the NWO - II
 Vladimir Putin exposes the NWO - III  Vladimir Putin exposes the NWO - IV

Interest Rates are the Achilles heel of the Derivative Market. As soon as they shoot up, they will catalyze the destruction of the Financial Markets and Governments.  We're stuck at a ZERO level percent for interest rates for ever until...the system collapses. And Goldman Sachs and JP Morgan ain't giving up and are creating even MORE Derivatives.

DB DerivativesDerivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JP Morgan was even able to generate a rally in Treasuries using Derivatives...

JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it easier for investors to wager on the debt. Goldman Sachs Group Inc. is planning as much as 10 billion euros ($13.4 billion) of structured investments that bundle debt into top-rated securities, while ProShares last week started offering exchange-traded funds backed by credit-default swaps on company debt.

Wall Street is starting to return to the financial innovation that helped extend the debt rally seven years ago before exacerbating the worst financial crisis since the Great Depression. The instruments are springing back to life as investors seek new ways to boost returns that are being suppressed by central bank stimulus. At the same time, they’re allowing hedge funds and other investors to bet more cheaply on a plunge after a 145 percent rally in junk bonds since 2008...more

The Western world is sitting on worthless Derivatives and ZERO interest interest rates and the Main-street Economy is depending upon assets bubbles.

They cannot allow the Interest Rates to rise for if they do it will kill the whole financial system and make governments go belly up in a flash. The USA is going to War to protect the Dollar rather than to allow its implosion. The USA is looking for a scapegoat to blame when the United States goes bankrupt. The USA is seeking war because more than 25% of the American active population is out of work.

All of your bank deposits (savings) are Unsecured credit. Secured savings are WORTHLESS DERIVATIVES (secured credit) ...yes...People are crazy, out of their mind! Get your money out of Bonds, Treasuries, Derivatives, Structured products and into Gold & Silver NOW !

 2008 the American Financial system went insolvent. Because they needed to hide this they invented Quantitative Easing and brought interest rates down to ZERO percent. I expect that before the end of 2014 they will be forced to stop Tapering because NOBODY is buying American Treasuries anymore. This is monetary hyperinflation and as soon as the markets understand that Tapering will stop, the Stock market indexes (and especially the Dow Jones and SP500) will shoot up again...until the system crashes and the system collapses.

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Wednesday August 13, 2014 - What goes around, comes around...even if it is energy -

Updated sections: Gold & Silver Juniors

Japan's debt situation is the same as the debt situation of the Western world. Japan is a canary in the mine shaft for the west. Interest rates are extremely important. Today they also are a barometer of the soundness of the financial system...because of the market manipulation we can say that "the lower they are, the worse the situation!"

The critical interest level in Japan in now 1% and coming down; in the USA and Europe it is 4% and coming down.

I often bring up the "marginal interest rate" (interest rate below which the general level of interest must stay in order to keep the system from blowing up. Following video clip clearly explains WHY. It clearly explains WHY I am 3000% sure the system will explode...watch it and see for yourself.

Common sense tells us soon interest rates MUST go up. The odds is that this may happen with a BANG and create a lot of volatility!

Price of electricity and energy SOARING in Japan...OFF COURSE it is...Thanks to the Global Warming Idiots, Green movements and Intelligent Psychopaths which use the HERD MOVEMENT to buy votes.

The less the world relies on nuclear energy, the more electricity will cost. Electricity is just like gas an easy and secure way to collect taxes and tax evasion is impossible.

obama energy policyFind the idiots? At some point, America will be squeezed for uranium, as it is the world’s largest consumer, and it currently imports 90% of what it consumes annually. Kazakhstan produces 40% of the world's primary uranium and is controlled by Russia (Putin).

One in every five American homes is powered by nuclear energy, and almost half of that derives from Russia-controlled uranium mines. 10% of all homes in the US depend on nuclear energy that gets its feedstock—uranium—via Russia or a close ally. Uranium has become supercharged because of the depreciating Russian and Kazakh currencies, combined with Obama’s genius move of dumping uranium into a historically low price market. Net result: producers are essentially depleting their US domestic permitted uranium reserves for no economic benefit.

In Europe the Green movements have ruined the energy programs, closed Nuke power stations and invested in worthless, non-yielding Green energy: solar, wind, ethanol,...Nuclear Power stations were closed, no of few new ones have been build. Society continued to rely on Dirty Coal...

 Important Technicals:

  • Technical BUY signals or bullish cross-overs of the Moving Averages and MACD: for Eldorado Gold (EGO) , Banro (BAA) , Novagold (NG) , Silver Standard (SSRI) , Mag Silver (MAG.TO) , Endeavour Mining (EDN.TO), Lake shore gold (LSG.TO)
  • GOLD MINERS ETF gets a bullish momentum signal

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Tuesday August 12, 2014 - We're still in a financial crime wave -

We're still in a Financial Crime Wave. People are stealing from the ordinary tax payer and we're doing this for your own best.


Important Technicals:

  • FR.TO has broken through it's 200 day Moving Average and is a buy.

  Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Monday August 11, 2014 - The Herd instinct is also ingrained in the Financial sector and is the main threat to financial stability.

Updated sections: Gold & Silver majors , Portfolio , Uranium shares , 

Of course we’re all programmed to believe that it can’t happen to us. Not here. Not in (insert name of bankrupt, insolvent country). The basic laws of the financial universe do not apply here....1939-1945 Glaubensunwilligkeit costed millions of Jews their life.

  • Nearly every western developed nation in the world right now, from Belgium to Italy to the United States, is insolvent.
  • Nearly every major central bank in the world, from the Bank of Japan to the US Federal Reserve, is borderline insolvent.
  • Some central banks are already insolvent. The central bank of Mexico, for example, just released its annual report showing NEGATIVE EQUITY of 175 billion pesos.
  • Just in the last few years, we’ve seen the imposition of capital controls. The IMF calling for more capital controls. And wealth taxes. The confiscation of private pensions. The confiscation of bank accounts. And more.
My Great-Aunt lost all her savings TWICE. The 1st time when the Bank she was keeping her savings went belly over (De Boerenbond). The second time because of the Operation Gutt after the 2nd World War. The 2nd time it did not matter where you kept your savings...in a bank or under your mattress or in securities. I still hear her say that each time they just had saved enough money to built their house....

I had to choose between my house and my business.


Everyone is wrong at the same time. The Herd instinct is also ingrained in the Financial sector and is the main threat to financial stability.


U.S. and European Union sanctions against Russia will hasten a move away from the dollar that’s been stirring since the global financial crisis. One place the shift has become evident is Hong Kong (China), where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to prevent its currency from rallying as the sanctions stoked speculation of an influx of Russian cash. The greenback’s share of global reserves has already shrunk to under 61 percent from more than 72 percent in 2001. The drumbeat has only gotten louder since the financial crisis in 2008, an event that began in the U.S. when sub prime-mortgage loans soured, and the largest emerging-market nations including Russia have vowed to conduct more business in their currencies.

Important Fundamentals:

  • A strong earnings report from Transocean (RIG) has everyone understandably wondering:  Is it finally time to buy the offshore drillers?  I have been exceedingly cautious about offshore and particularly the Deepwater offshore opportunity that RIG delivers, yet share prices are starting to reach such low levels that there is a case to be made for ‘bond-like’ buying of Transocean shares here.
  • While BP’s assets in Russia paid off over the past year, Rosneft is suddenly in the crosshairs of the western world, with the United States and the European Union enacting strong sanctions targeting Rosneft’s access to long-term finance as well as high-tech equipment needed for offshore drilling.

Important Technicals:

  • Breakouts/new upleg and BUY: Newmont Minng (NEM), Fortune Minerals (TF) , Royal Gold (RGDL) ,
  • GORO breakout through 200 day MA and Bullish Head & Shoulders formation
  • Breakouts/confirmation: Randgold. Anglo Gold , Silver wheaton (SLW) bullish triangle,
  • Detour Gold has one of the best technical formations: bullish Head & Shoulders formation, broken neckline and positive backtest. This is a CLEAR BUY with target of $30 (use neckline as SL level)
  • Babcock 9BWC) has fallen in a short term stop loss @ $32. Long term support level and LT stop is $ 28-$26

  Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Friday August 8, 2014 - Putin orders  16 Boeing's and makes a down payment -

eu truckUpdated sections: $-Gold , €-Gold , Silver , Aussie-Gold , Swiss-Gold , Loonie-Gold , ¥-Gold , £-Gold , Rupee-Gold , Yuan-Gold , Krona-Gold , ZAR-Gold ,

The Western Leaders are dangerous, retarded Intelligent Psychopaths. In 1991, when Soviet Communism collapsed, it seemed as if the Russian people might at last have the chance to become citizens of a normal Western democracy. Vladimir Putin’s disastrous contribution to Russia’s history has been to set his country on a different path. And yet many around the world, through self-interest or self-deception, have been unwilling to see Mr Putin as he really is. Bottom line is that ONLY West-Europe exports meat and meat products & fresh fruit and veggies to Russia and that the USA will experience little or no damage from the sanctions. Putin even ordered a sizable amount of Boeing's and made a down payment. 

Deliveries of  16 Boeing 737-800s to Russia would occur in 2017 or 2018

Political and Financial Authorities enjoy the liberty of action they have because "the man in the street" is not really clued up, so what do you expect ? Default understanding of money, banking, economics, government is at a pretty low level. Journalists, university professors, Nobel laureates, politicians, and professional economists are none of them a class of people to trust. Don't forget to also check the sections in the Education Hall: Fractional Reserve Banking , The Federal Reserve ,

The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force. Some 1,577 people gave up their nationality at U.S. embassies in the six months through June, according to Federal Register data published yesterday. While that’s a 13 percent decline from the year-earlier period, it’s only the second time there’s been a reading of more than 1,500, according to Bloomberg News calculations based on records starting in 1998.

The price of High Order Capital Goods always comes down during (hyper)inflationary Depressions. One reason is that during such a depression the MIDDLE-CLASS is destroyed.

death of middle-class

For sale at one euro: a house in an idyllic Sicilian village. Council in Gangi selling off around 20 homes for the price of a cup of coffee in the hope of attracting new life to hilltop community. It's not only happening in Detroit, Chicago but also in Italy, Greece, Spain, Portugal, The Netherlands, Belgium, France,...

Important Technicals:

  • $-Gold but also €-Gold breaking out of Bullish Wedge - short term target is $ 1340/60
  • Technical BUY signal for Ausie-Gold, Swiss-Gold, Can-Gold , ¥-Gold , £-Gold , Rupee-Gold , Rand-Gold
  • CONFIRMATION of the technical breakout of Gold expressed in Krona.

 Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Thursday August 7, 2014 - This is war and the European Authorities & HERD = naive IDIOTS & it's all about the survival of the US-Dollar -

HolmesUpdated sections: The Federal Reserve , Glass Steagall act , Banks , 

Elementary Mr. Holmes. Europe has fallen in the American Trap...Sanctions have the same consequences as Quota's, Import taxation, Export taxation,..and any legal restriction to World Trade. They reduce the economic activity of all involved countries (exporter and importer) and will push Europe more and deeper into the depression.  When I hear that Authorities NEVER expected that Russia would als react to the Restrictions by even limiting the imports of food, you know something is seriously wrong with the intelligence of the rulers. Putin doesn't give a S..T that he can no longer import Pork out of Poland, Veggies and Flowers out of The Netherlands and Weapons out of France. He will SIMPLY buy these from another party. For some reason people fail to understand or refuse to admit the world is managed by Intelligent Psychopaths voted into power which don't give a damn about their citizens...click here for more

Inflation is a more than proportional growth of the money supply, deflation a more than proportional decrease in money supply.

Mike Malony, Amstrong and some other financial Movie Stars are death wrong when they advocate that we shall first see a Huge Deflation and only later on a Hyperinflation. NOT CORRECT ! Such a theory can only be sold by somebody who doesn't understand the definition of Inflation and Deflation. Mike uses Japan as an example and pretend there is no inflation in Japan. Mike wisely never mentions Zimbabwe, Venezuela, Argentina, Turkey and other countries where we recently saw Hyperinflation. It is NOT correct that Governments cannot print their way out of Deflation...not so.

Americans have the advantage that their ideas are sold by the Mainstream Media, especially so if in the line with what Authorities want Hollywood to sell to the Herd !

Correct is that during the 2nd fase of the path to hyperinflation the velocity of money comes down as people start to save because they there are confronted with the economic recession, falling prices of HOCG and rising prices of LOCG. They hope that with their savings they will be able to buy more goods when prices come down. Only when they realize that prices of LOCG will continue to go up, they massively start to exchange paper money for goods and the velocity spikes up hereby pushing the system into Hyperinflation. [see Education Hall for more]

Note: during hyperinflation the price of High Order Capital Goods (ex. Real Estate)  continues to come down...while the price of Low Order Consumer Goods rise (ex. gas, food, groceries)

When you put your money in a bank it is no longer your money. The bank can do anything it wants with it. It can go to the casino and play roulette. It is not fraud legally, and the only requirement for the bank is to run a Ponzi scheme

In the past, we had deposit banks and loan banks. If you put your money in a deposit bank, the money was there to pay your rent and food expenses. It was safe. Loan banking was risky. You provided money to a loan bank knowing funds would be tied up for a period of time and that you were taking a risk of never seeing this money again. For this, you received interest to compensate for the risk taken and the value of time preference. Back then, bankers who took a deposit and turned it into a loan took the risk of shortly hanging from the town’s large oak tree. During the early part of the nineteenth century, the deposit function and loan function were merged into a new entity called a commercial bank. Of course, very quickly these new commercial banks realized they could dip into deposits, essentially committing fraud, as a source of funding for loans. Governments soon realized that such fraudulent activity was a great way to finance government expenditures, and passed laws making this fraud legal.  Also see the Glass-Steagall act in the Education Hall.

Important Technicals:

  • Banks: European Banks are a SALE, USA-Banks are somewha better and may become a BUY, Canadian Banks remain bullish. The technical picture tells me that the European Banks are in BIG TROUBLE...even more that the USA-Banks. You have to be out of your mind to leave deposits with ANY bank located in Europe.
  • Sandstorm: Sandstorm Gold announced its intention to take a 19.5 million share stake in Luna Gold as the company is set to issue 30 million shares...and the market did not like it . Technically , support is holding...I don't expect the share to come down a lot more.

 Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Wednesday August 6, 2014 - It's a lot easier to seize savings if they are kept right under your nose -

kat bij de melkUpdated sections: Coal , Investment Pyramid , 

Why keep savings out of Political reach? Because Authorities have NO legal jurisdiction in other countries. At least this is still true for the EU and Europe and less so for the USA since we have FATCA.

Authorities have no way in directly taxing or confiscating assets which are located out of their country. Authorities have no jurisdiction in other countries. For EU citizens, this means savings must be kept out of Europe. For American citizens, it means savings must be kept outside the USA.

It becomes more and more apparent that the Authorities will appoint the Banks as their tax collectors: they will collect whatever tax, bail-in the Government decides to levy and pay it directly to the Government. A recent example is the 0.03% retro-active tax levied in Spain on deposits...click here for more

"Your Mama is so broke she went to McDonald's and put a milkshake on layaway"  (this is why Government will seize your savings....)

Enjoy the rest of this "bubble" while you still can. It certainly will not last for too much longer. The truth is that what we are experiencing right now is about as good as things are going to get for the economy. When the next crisis arrives, all is going to rapidly get a lot worse.

  • Americans are so broke that about a third of them have debt collectors on their heels.
  • Americans are so broke that Congress is now actually considering allowing post offices to provide payday loans and check cashing services.
  • Americans are so broke that car dealers are having to go to extreme lengths to get new customers. Americans are keeping their vehicles longer than ever. The average age of vehicles on America’s roads recently set a new all-time high of 11.4 years
  • Young Americans are so broke that half of all college graduates are still relying on their parents financially when they are two years out of school.
  • Americans are so broke that many of them can't even afford to shop at Wal-Mart and dollar stores anymore...
  • Americans are so broke that there are 49 million Americans that are dealing with food insecurity. The number of people on food stamps has increased by about 14 million while Obama has been in the White House.
  • Americans are so broke that 76 % of all Americans are living paycheck to paycheck.

doctor zhivago1989 The USSR went bankrupt overnight....The situation is Europe is – for the time being – marginally somewhat better as we still have  a “Social system”. The "Social system is barely alive" but as long as they can print money, they will be hopefully able to avoid a collapse. The day the Social system goes bankrupt, we'll see social riots and a revolution in most parts of Europe. The Hungry Herd will DEMAND that Government seizes the properties/capital/savings of the 'Rich' so they can survive. By doing so, the Authorities will simply consume the last available part of CAPITAL and ensure that no short term economic recovery will be possible. This is what happened in Russia (USSR) at the end of the World War. The Romanov's were executed and with the help of Lenin, Stalin and Trotsky Russia became one large Communism country which went belly over in 1989. As a matter of fact, History has not ONE example of a country where the introduction of Socialism and Communism resulted in Progress and Welfare for the people.

Dokter Zhivago - or how fast a society in debt can collapse and fall into the hands of people like Lenin: The story takes place mostly against a backdrop of World War I and the Russian Revolution. During the February Revolution radical changes ensue throughout Russia as Vladimir Lenin arrives in Moscow. The novel was not completed until 1956. The book had to be smuggled out of the Soviet Union by a left-wing Italian publisher who published it shortly thereafter. Helped by a Soviet campaign against the novel, it became a sensation throughout the non-communist world. It spent 26 weeks atop the New York Times best-seller list.

Important Technicals:

  • The Euro continues to drift lower versus the US-Dollar - target is $ 1.22
  • Dow Jones and Stock markets continue to tank.

Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Tuesday August 5, 2014 - when it comes to investing, the biggest losers are those who take the 10% profit and run -

espirito santoUpdated sections:

The Banco Espirito Santo (Portugal) has been split into a GOOD and a BAD bank. The opening of ‘Novo Banco’, which came into being following the split of what used to be Banco Espírito Santo into two, that stayed with the good assets and that now belong to the financial sector, went off calmly on Monday. At the headquarters of BES – now Novo Banco – in Lisbon's Avenida da liberdade, there were just as many customers as usual and nothing out of the ordinary. And that's how they want to see it.

“Janet Yellen is not going to wage war against inflation. She’s already surrendered to inflation… She is going to allow inflation to not only continue, but accelerate. And that is what’s good for gold. Interestingly, while the gold market sold-off on the bad economic data on Thursday, it recouped all of those gains on Friday. Not so for the stock market. The stock market went down a lot and then went down even more.”

Quantitative Easing (money printing) is bad, not ending it WORSE.


Important Technicals:

  • more bottom building for the Gold & Silver sector

 top aug4

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Monday August 4, 2014 - Money is an instrument for trade, not one for wealth preservation - it never was!

unionpayUpdated sections : world stock market indexes (being updated) ,

 American leaders are Dumb Psychopaths. One must either be retarded to do what they are doing, either they really must sit in Big Shit. I suspect that both factors play a role. There has never been any doubt in my mind that the Americans would give up  the Magic Stone or the ability to convert worthless paper into Fiat Money using a printing press/computer - without a war -.  The candid reader surely remembers that years ago, I already mentioned that  there was no way Americans would give up this right without a battle. Apart from the physical battles we had in North-Africa and the Middle-East, we also have a raging Financial War which the USA is loosing: whichever the short term result of the SANCTIONS are, the long term consequence is the demise of the US-Dollar as Reserve Currency and as a Currency.

Money historically was a means of exchanging goods, doing business. Today it is increasingly used to STORE purchasing power and has started to live a life of its own.

Unionpay is a Chinese bank-card system. Clave is used in Panama and Central America.

During the Great Depression when the British Pound was loosing its role as reserve currency, the Brits - at a certain time - returned to the Gold standard because they physically were in a position to do do (the Bank of England still had large gold holdings). Today, the USA have painted themselves in a corner as they have no gold left.

The point of no return has been passed: the USA has to fly until the Dollar cashes!

Not hard to know what the final outcome will be. The path towards the death of the Dollar and the timing of its death is an impossible task. We only know that it will be a process with a lot of blood. The happenings in Libya, Tunisia, claveEgypt, Yemen, Sudan, Mali, Gaza, Israel, Syria, Ukraine and the sanctions are all part of the death rattle of the US-Dollar. As a matter of fact, Israel but also Gaza are extremely important for the USA. The Middle-East unrest is an important instrument for the Americans to maintain control over the PETRO-DOLLAR.

The more sanctions, the faster the world will move out of the Western Financial System (ex. Visa, Master Card) and into the Eastern System: China, BRICS

Tapering is the momentarily end of the Exponential Growth of the Money Supply. Because of Tapering, interest rates have a tendency to go up. Something which must be avoided by all means. Because of Tapering the rise of the Stock Markets has been halted and the situation is so critical we may even see a crash. No doubt that as soon as the Central Banks understand this Tapering will be stopped and Stock Markets resume their Wall of Worry climb.

The CRITICAL MARGINAL INTEREST continues to come down towards LEVEL ZERO.

antonovUkraine.

  • Ukraine is rich in mineral deposits, including iron ore (of which it once produced 50 percent of the entire Soviet output), manganese ore (of which it produced 40 percent of world output during the Soviet era), mercury, titanium, and nickel. Ukraine is one of the world's most important mineral producing countries, in terms of both the range and size of its reserves. There are nearly 8,000 separate deposits, harboring some 90 different minerals, of which about 20 are economically significant. About half of all the known deposits are under exploitation.
  • Ukraine is also among the top 10 arms exporters in the world. The signing of recent large contracts may put Ukraine into 6th place among biggest arms traders, after the United States, Russian Federation, France, Germany and Israel.[30] The output of Ukrainian defense plants grew 58% in 2009, with largest growth reported by aircraft builders (77%) and ship builders (71%).
  • Ukraine is transporting Russian gas to the EU through its well-developed gas pipelines system, being Europe's vitally important connection.
  • The country manufactures Automobiles and Busses.
  • Ukraine is in the top nine elite countries of the world to possess a full cycle of aerospace hardware engineering and production. Besides to design and production of passenger and transportation aircraft (the Antonov is the largest aircraft in the world), Ukraine also boasts a network of aircraft repair enterprises, including companies involved in recovery of military planes and helicopters.
  • The entire space rocket industry in Ukraine has been managed by the National Space Agency of Ukraine since 1992.
  • Ukraine is the world's largest producer of sunflower oil, a major global producer of grain and sugar, and future global player on meat and dairy markets. It is also one of the largest producers of nuts. Ukraine also produces more natural honey than any other European country.

Important Technicals:

  • German DAX falling out of Bearish Wedge
  • Chinese SSEC index may well be breaking out!
  • I remain bearish for most Stock Markets but we need to see some follow through this coming week(s)

Copyright 2014, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Friday August 1, 2014 - Ignoring the problem doesn’t make it go away. Sooner or later reality bites.

kirchnerUpdated Sections: US-Dollar , €-Gold & $/€ , Portfolio , 

13 Years later Argentina is again bankrupt. Ignoring the problem doesn’t make it go away. Sooner or later reality bites. Bear in mind, Argentina was one of the wealthiest countries in the world until 40 years ago-- strong and stable with vast natural resources. These things change. And the warning signs are all there. The objective data tells us that Argentina is bankrupt… in the same way that the objective data tells us that most of the West is bankrupt. Today 60% of the population in Argentina live in poverty and 30% live in indigence. Thank you Evita Peron, thank you Mr. & Mrs. Kirchner...but also thank you population of Argentina for letting these people destroy your beautiful country.

Argentinians seem to forget that the people always get the politicians they deserve.

Apart from stocks and taxes, in Argentina - so far this year -  the price of used cars went up by +20% . This is exactly the same phenomenon I experienced in South-Africa during the sanctions. As it was impossible to export Rands and as the South Africans were not in a position to buy foreign currencies, automobiles became investment vehicles. These were imported and the price was continuously adjusted to the weakening Rand. The situation is Argentina is so sick that the Government even decided to TAX the farmers on the export of their crops.

MERV LT

The Stock market unfortunately doesn't make up the loss the exchange rate. Especially not for the loss of the REAL exchange rate.

Official vs Blue Rate peso argentina

Remember that corrections are as a rule SWIFT and VIOLENT. As soon as Authorities and Central Banks realize that Tapering (a slow down of money printing) doesn't work, they will again increase the money printing and the Stock Markets will resume their climb. Between today and the point where they decide to restart the money press, Common Stocks and Stock Market indexes can and will probably loose 50%. If you are stopped out of certain positions, make sure you re-invest these when the correction comes to an end.

When a country defaults, BOND holders, Bank deposits, Pension funds, and Insurance co's are the BIGGEST losers.

The weakening US-Dollar was saved by the Ukraine conflict and the downing of MH17. The sanctions against Putin and Russia have important consequences for the Euro/Dollar exchange rate.  Expect to see a weaker Euro and a stronger US-Dollar until at least end of 2014. The bearish target for the Euro/US-Dollar is 1.22 (see section).

The sanctions are all about Banks (finance) because Putin is the engine behind the new financial system being built with the BRICS, about ENERGY because the US wants Europe to continue buy energy invoiced in US-Dollars and not in Euro or Ruble and about Weapons because the US wants Europe to buy weapons from the USA and doesn't like Europe to sell weapons to Russia and the East. The less trade is invoiced in US-Dollar the more it becomes a critical factor for the US-Dollar. Short term the sanctions will have a negative impact on the Euro/dollar and I expect to see the exchange rate for the Euro fall to 1.22 $$$ - probably between today and the end of 2014.

This won't stop Putin in his actions and the odds that he will quit his anti-Dollar program is ZERO.

First Deputy Chairman of the Central Bank of the Russian Federation KV Yudaeva and Executive Director of the Reserve Bank of India G. Padmanabhan had a meeting which was also attended by representatives of central banks, ministries and agencies, credit organizations in Russia and India.

During the meeting priority was given to the discussion of the use of national currencies in mutual settlements. Given the urgency of the issue and the interest of commercial structures of the two countries, the meeting decided to establish a working group to develop a mechanism for the use of national currencies in mutual settlements. It will consist of representatives of banks and, if necessary, the ministries and departments of the two countries to coordinate its activities will be central banks of Russia and India.

If the correction for the Stock Market Indexes has a live, it can have a limited impact on the Gold & Silver sector. As the miners are cheap as chips, the downward risk is also limited.

Important Technicals:

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