27
February
2015

NEWS FEB'15 (public)

Socialism is like a nude beach...it looks great until you get there.

 

market-cycle-blanco

 


Friday February 27, 2015 - negative interest rates only serve Government -


Updated Sections: Oil shares, Euro , 
Negative interest rates cannot possibly kickstart the Economy. This will only succeed in destroying it faster.

The world’s balance sheet is heavily skewed toward debt and loans. On the asset side of the balance sheet we have gold and silver currencies.  Resetting the price of gold to $5,000 or $10,000 an ounce would be a mighty step against deflation. [Richard Russell] The only question is as to WHEN the Central Banks will make their move. (the odds are that they will wait until all other arrows have been used and China is ready)

Important Fundamentals:

  • Crude Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. 

Important Technicals: What now Euro/Dollar?? more in the subscriber's section!

XEU_candle1

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Thursday February 26, 2015 - Ukraine, Greece and the US-Dollar are inter-connected !


Updated sections: $-Gold , Silver, World Stock Market Indexes, Recession Proof Shares (new stock) , 

Today's update is for subscriber's only !

Remember that as soon as the former president of Ukraine left his position, they IMMEDIATELY shipped Ukraine's Gold to the USA ....Hyperinflation is the result.

gold ukraine

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Wednesday February 25, 2015 -  It's only a matter of time....only it's almost impossible to know "WHEN" !


Updated sections: Indian Rupee-Gold , Yuan-Gold , 

In debt monetizationEurope (Netherlands, Belgium) the farmers are leaving their farm and are moving to the cities. The farms look desolate and are almost impossible to sell. Nobody wants to be a farmer anymore. A similar situation we have in Belgium. Farmers and cattle, pork breeders are selling out and are moving to the city. A déjà vue of what happened in Rome...centuries ago. Exponetial quantities of Money are requested to keep the system alive....and Monetization of Debt has already began: for the first time ever, "developed" central banks are now monetizing more than 100% of global sovereign debt issuance.

  • Q. What have Derivatives, Ukraine, Syria, Libya, Greece, Iran, the BRICS, the EU, and the USA have in common!?
  • A. The death of the Euro and the US-Dollar...the death of Fiat Money.

Russia ratifies $100bn BRICS New Development Bank. The Russian State Duma has ratified the $100 billion BRICS bank that'll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF. The New Development Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry.

The next round of the great crisis is coming. The ECB bought some time with its pledge to do “whatever it takes,” but the global bond bubble is still going to burst. And when it does, it’s going to make 2008 look like a joke.

The current negotiations in Greece boil down to one argument: whether or not it will involve an actual restructuring of Greek debt that will affect bondholders across the board.

The previous Greek Bail-out was in fact a Bail-out of the Banks and NOT one of Greece!

Today is all about communicating Financial vessels and where the freshly created money is channeled to. If it doesn't flow into the real economy (and it doesn't) it has to flow into the financial sector. The financial sector, in their turn have to invest it...in Treasuries, Bonds and Equities (stocks). As long as this goes on, stock markets will continue to go up and the Gold & Silver and energy sector stagnate. BUT, it can and it will all change in a FLASH...(click to enlarge)

The beautiful Bollinger squeeze may indicate we are moving through the eye of a storm and we will see ACTION soon!

SPXGold ratio
Gold bollinger squeeze

Important Technicals:  see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Tuesday February 24, 2015 - Gold set to rally as markets and currencies crash -


Updated Sections: 

We really cannot exit QE and zero-interest rate policies without some significant market event.

The EU,  Greece and Ukraine.

Remember we still haven't seen the end of this fairy tale. The EU-politicians have successfully kicked the Greek can down the road for another 4 months. See each other again before end of June 2015.

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic. 


Monday February 23, 2015 - markets are approaching a tilting point !


Updated sections : Gold & Silver Juniors, Press , World Stock Market Indexes , US-Dollar , 

Do you have a plan B !? Nobody sees a war as a possible option...until it is too late. Nato forces must prepare for an overwhelming Blitzkrieg-style assault by Russia on an eastern European member state designed to catch the alliance off guard and snatch territory, the deputy supreme commander of the military alliance has warned. Many (mainly) Europeans will think this is overdone...however this is how the Ukrainian situation is pictured in the UK and the USA....and whatever happens, be advised that it is easier to picture a situation when you are not part of it.

This is a map of the Subscriber's section (click to enlarge).

home page Daily Update
   
IP-Top IP-Bottom
press << Press : Located in the TOP Menu is a PUBLIC - open section

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Friday February 20, 2015 - Wars are fought by people with little or no education who are easy to manipulate.


ticking clockUpdated sections: Recession Proof shares , 

The clock is ticking.  The carnage is coming soon and it’s not merely Greece and whether it stays in the euro or not….“But it’s symptomatic of what I believe is the gathering crisis in the world, which is that our two-decade long grand experiment in financial bailouts, massive money printing by central banks everywhere, and non-stop Keynesian debt stimulus is heading towards the wall. David Stockman

The EU seems at the moment to keep the foot down, particularly as Spain, Italy and Portugal will play the same trick as Greece and also involve modification of the terms of support requirements. The EU is stuck with it.

Draghi is about ready to unload $1.3 trillion of make-believe, printed out of thin air money into the European financial and bond markets. Whatever Mario does, it’s inconceivable to me that there will be any lasting deal on Greece.  It is almost certain now that we are about to see a crackup of the EU and the euro soon.  There are just too many forces blowing apart this experiment...

Europe is the cheese of the US-Russian sandwich. Whatever happens, Europe will be toast! How hard is it to understand Obama is the bad guy?

“If we don’t find not just a compromise but a lasting peace agreement, we know perfectly well what the scenario will be. It has a name, it’s called war.” President Hollande

The crisis in Ukraine was not the result of Russia’s actions, but the West’s. Had the prior president, Yanukovych, not been overthrown, it’s highly unlikely that Ukraine would be embroiled in a nasty civil war. Relations between Russia and the West would be in far better repair. The main culprit behind de problems is the US and A . We have a Energy and a Dollar war and the USA need this war to ensure the US-Dollar survives as a RESERVE currency. However this is another war the Americans will loose.

Ukraine, ISIS, Syria, Egypt, Libya, Yemen,...is also about ENERGY and the supremacy of the US-Dollar. Imagine, all these years the USA has been paying for imports with printed paper...would you be happy to see that you are about to loose this privilege?

Important Technicals: see subsciber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Thursday February 19, 1015 -  Western politicians are still playing with matches in the powder room !


merkel yanusUpdated Sections: Gold & Silver Majors , 

The renewal of sanctions against Russia requires the unanimous support of EU members… which means Obama’s alliance against Russia needs Greek cooperation. What’s more, Greece has veto power over whether NATO can retaliate for an attack on any of its members. Article V, which states, “[A]n armed attack against one or more of them in Europe or North America shall be considered an attack against them all,” may only be invoked with unanimous agreement among NATO members.

Greece and Russia have close cultural and religious ties, and Russia is Greece’s largest trading partner. Russia’s ambassador to Athens didn’t waste any time congratulating Greece’s new prime minister, Alexis Tsipras, on his victory. So it’s no surprise that Putin is using Greece as leverage. Russia has hinted that it will open its market to Greek food exports if Greece leaves the eurozone, and also that it would consider giving Greece financial aid. One can imagine other carrots being dangled, like an offer to hook up Greece to the Turkish Stream pipeline.

Syriza, which has close connections with Russia, admires Putin’s defiance of Western institutions. The new Greek foreign minister, Nikos Kotzias, has a relationship with Aleksandr Dugin, a Russian nationalist philosopher with close ties to Putin. As neo-eurasianists, they aim to pry a weak and divided Europe away from US influence. Syriza has openly campaigned for Greece to leave NATO, though it has toned down its hostility on that issue recently—presumably to preserve it as a useful bargaining chip for the future.

ISIS’ plans to conquer Europe via Libya have been revealed in letters seen by an anti-terrorism group. Owing to its perfect location on the continental doorstep, the terrorists plan to ferry fighters from North Africa across the Mediterranean. The plans, analyzed by anti-terrorism British think tank Quilliam, outline a strategy to illegally ferry fighters across the sea from Libya into southern Europe, into ports such as Italy’s southernmost island of Lampedusa, less than 300 miles (483km) away. Libya “has a long coast and looks upon the southern Crusader states, which can be reached with ease by even a rudimentary boat,” an Islamic State (IS, formerly ISIS/ISIL) propagandist says in the letters seen by Quilliam, according to the Telegraph.

The world is in a worse shape than it was in 2008 ... if it was not that we have social help, it would be obvious that the World is actually in a worse shape than during the Great Depression.

BDI candle4

 

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Wednesday February 18, 2015 - Yanis holds all the cards and the Euro will devaluate by 30% ! -


Updated sections: Euro ,

The Euro is doomed, toasted...even if and when a temporary solution is brewed for Greece. It is pure, genuine mathematics...Now debt-to-GDP is 175%. If the Greeks couldn’t pay their debt at 120%, they have zero chance of paying it at 175%. The fact is that the Intelligent Psychopaths (you name them, don't forget those who passed away) have over the past months and years actually made sure that the Greek situation would get worse instead of better...

 

Now debt-to-GDP is 175%. If the Greeks couldn’t pay their debt at 120%, they have zero chance of paying it at 175%

One had not be an Einstein to forecast the Grexit negotiations would break-up. There was never any doubt in my mind the Intelligent Psychopaths would need more time to realize they have no alternate...and/or if the realize it, to play their game all the way to the last moment. The danger being that something unplanned could happen...Intelligent Psychopaths are playing with matches in the Powder Room.

“We have one way, a reasonable way, a way which takes into account the vote of the Greek people: it’s what we call a technical extension, with flexibility and the possibility to change some elements of the previous program,” French Finance Minister Michel Sapin said after the meeting. “It’s the only reasonable way forward.”

What are the chances of Greece’s leaving, either willingly or unwillingly? After the speech Tsipras gave today, I think it’s a 50-50 thing. Tspiras and Varoufakis seem to believe that the risk of a major Eurozone crisis if Greece leaves is a big enough threat to force Europe to fund them in order to avoid it. The biggest loosers would be the European Banks (and probably also Goldman Sachs).

Important Fundamentals:

  • Those who have not and who do not start to move out of the Euro NOW, will loose at least 30% of their savings! It's not a good idea to switch Euro's for US-Dollars and if you do so, you MUST hold your dollars outside Europe and with a DOMESTIC AMERICAN financial institution. Any American financial entity which has a LEGAL representative in Europe is NOT a valid option. Subscriber's should email us if they have questions.

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Tuesday February 17, 2015 - There are unlimited flash points — points of breakdown in the global economy and financial system.  It’s only a question of what becomes the catalyst to touch this whole situation off.”


Updated Sections: World Stock market indexes (Trans) , Silver...and all currencies from US-Dollar to SA-Rand , Technical Analysis (important) , 

Monday is President's day and next update comes Tuesday, February 17, 2015

I know it’s going to happen.  The problem is the further into the future it is, the worse it’s going to be because until it happens, the problems are just getting bigger...

Poor old European Union; its economies have resembled comatose patients for more years than I care to remember, having overdosed on socialism and bureaucracy and a single currency.  Finally, along comes a nice Dr Frankenstein, only with an Italian accent and resembling Mario Draghi.  He promises to pump in vital QE fluids, commencing in March.  Miraculously, the EU’s economic near corpses are already twitching in anticipation of recovery. D.Fuller

A major mistake many investors make, is to go for immediate satisfaction. They are too shortsighted and don't see the Important Medium and Long term situation. Also, many don't see and don't take into account and/or don't understand the Geo-political situation.

Technical patterns take several years to mature. It sometimes takes several years before price breaks up or down out of a mature pattern. As a result and because of the immediate satisfaction factor, investors loose interest and often miss the most rewarding part of a breakout/breakdown. Examples are plenty: many gold & silver miners already doubled in price. Oil is bouncing up and so are Oil and Energy shares.

It took several years for the Bank & Financial sector to complete it's bearish formation before the sector fell through all support levels. Same story for the Real Estate sector.

Oil stocks are setting up for a massive short squeeze. That appears to be the consensus among some traders as bearish bets against the sector continue to mount. According to data compiled by Bespoke Investment Group, short interest in the S&P 500's energy sector stocks is fast approaching 10 percent of their total float, hitting levels not seen since the financial crisis.

As oil begins to stabilize, we'll see a halt to energy stocks' decline (decline was rather small). In turn, oil shorts may be forced to scramble to buy energy stocks and lead to a classic short squeeze, a phenomenon in which traders are forced to buy back or cover their bearish bets.

Important Technicals:

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Friday February 13, 2015 -  Ripley's - Opa and believe it or not but Yanis Varoufakis is now in charge of the world !


greek dancing with flagUpdated sections : Silver , US-Dollar , Gold & Silver Majors , Juniors , World stock market indexes (DOW, SP500) , 

If Yanis and Greece don't get what he is asking for, the house of cards will fall NOW ! Greece and Yanis hold ALL CARDS and proof that the EU and European countries have all these years and still are, controlled by a group of IDIOTS - WIMPS - SLIME BAGS – PSYCHOPATHS - INCOMPETENTS  !  Therefore, and also because of a Minsk agreement (both are somehow connected because Putin would rather have his new pipeline cross Greece so he can stop using the Ukraine one) I expect the Euro to bounce back. See subscriber's section for details.

I don't believe my eyes when I see that many consider this 'extremely important happening' as IRRELEVANT!?  How the heck can you invest wisely if you don't understand these marco-economic shifts!? Greece is the crystallization of the World's economic, financial and monetary problems...and the ruling Politicians are - dressed as clowns and not knowing what to do - passing the hot potato to each other.

 History is being written NOW !

Apres-moi le Deluge (Louis XIV)....and that is exactly what Louis XVI got!  Italy, Spain and Portugal are lining up right behind Greece. Their problems are even bigger than the Greek one and politically speaking, there only is ONE thing they can do to keep the fest going: PRINT Money, Monetize Debt, Tax the citizens, seize the assets of the Rich.

2015-02-11-22-15-00.yanis varoufakis 03

Important Fundamentals: see subscriber's section

Important Technicals: see subscriber's section

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.

 


Thursday February 12, 2015 - I’m constantly disappointed by how stupid people are, but I’m never surprised by it.


Updated sections: Treasuries in the EU , Corporate Bonds , Bond Fundamentals I , Bond Fundamentals II , $-Gold , €-Gold ,   

WAKE UP!..Europe, the EU is NO LONGER a DEMOCRACY. Whether you vote or not, won't change a damn thing...

Both Ukraine and Greece, and how they are both out of money which makes them potential “flash points” for reality to set in.  If Greece is allowed to fail, other central banks (including and particularly the ECB) and many commercial banks will take some very real losses.  This CANNOT be allowed to happen because of the leverage factor and the fact that no more collateral exists within the system that’s not already encumbered.

 Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Wednesday February 11, 2015 -  If the war keeps moving WEST, Europe will be Toast!


2nd-passport-freedomUpdated sections: Long Term Commodity charts, Inflation Index , Bonds in the USA & Germany , 
Europe Fractures. France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-USA Splinter On Ukraine.

Many under estimate the importance of a 2nd residency. Especially today's generation. Seems that they think they are invincible and that no drama will ever occur during their lifetime. A rather dangerous bet. Hopefully following statement is incorrect.

2015 will show the complete collapse of the Western world we have known since 1945. It will be a gigantic hurricane, which will blow and rock the whole planet, but the breach points are to be found in the “Western Port”, which hasn’t been a port for a long time but, as will be clearly shown in 2015, has been in the eye of the storm in fact, as we have repeatedly said since 2006. Whilst some boats will try to head offshore, the Ukrainian crisis has had the effect of bringing some of them back to port and firmly re-mooring them there. Unfortunately, it’s the port itself which is rocking the boats and it’s those with the strongest moorings which will break up first. Of course, we are thinking of Europe first and foremost, but more so Israel, the financial markets and world governance.

Lies, lies and damn lies. By changing the methodology of calculating the GDP in 2013, The US - Ministry of Truth was able to suggest that the 3rd quarter 2014 GDP was increasing at a 5.0% rate. The change in methodology added about 3% to GDP. Not to mention the huge lie of inflation. If the truth was revealed, we would actually have more contraction and a genuine depression.

Gold/Silver shares seem to want to take off. But they did so for the last two years. Yet the chart patterns, as they stand at the end of January, do reveal something of what 2015 will bring - bullish potential for gold and silver, provided silver can break higher from its wedge formation, and a bear lurking on the horizon for the dollar and the DJIA.

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Tuesday February 10, 2015  - Fear is a mighty weapon -


sheepdogUpdated sections : US-Dollar , Juniors, Bank & Financials, Coal , Agriculturals , Copper

Swissleaks is a populist, politically correct but also a disgusting and immoral act. Fiscal optimization is a normal human reaction to over-greedy Authorities. Fiscal optimization becomes a moral obligation once taxation risks to destruct 'Capital' or 'Accumulated Labor'. Without capital it becomes impossible to kickstart the economy after a recession/depression.

US-stock markets have to be approached with caution. For those unaware of the seven-year cycle, just look back at the dates of some of America's greatest crashes: 1973 (recession, oil shock), 1980 (oil and silver crash, deep recession), 1987 (black Monday), 1994 (bond crash), 2001 (dotcom bubble), and 2008 (financial crisis). They were all seven years apart. So is 2015.

The bullish Dollar could well be coming to an end and we may well have seen an absolute low of the Swiss franc versus the dollar. Extremely important is to keep following the Forex markets in order to find out whether we have a successful (bullish) backtest of the Dollar-Index or whether we are about to see the end of a halfway bearish flag (see subscriber's section for charts and more). If the backtest fails, we may soon be seeing the beginning of another important down leg. If and when the Dollar-Index initiates a new down leg, the action would have an extremely bullish impact on the price of commodities in general and the Gold & Silver sector. (see our PF charts in the sections of Copper & Non-Ferro's and Agriculturals for the medium and long term picture).

Important Fundamentals:

  • As expected there is a solution in the make for Greece and Ukraine. Politicians will not risk their jobs for neither country. A solution will be a relief for the Euro and will accelerate the backtest of the US-Dollar.

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Monday February 9, 2015 -  It was reckless in the extreme to launch a currency with no EU treasury or political union to back it up


Updated sections: Crude Oil , 

After Greece comes Italy, Portugal, Spain,...the Euro is toast, doomed!  

What if Putin decided to invade Western Europe...and how extremely easy could that be!? EUROPEAN PUSH FOR DIPLOMATIC SOLUTION AS U.S. WEIGHS SENDING ARMS TO UKRAINE "Hours before Sen. John McCain (R-Ariz.) compared Europe's attitude toward Russian President Vladimir Putin to appeasement toward Nazi Germany, the German ambassador here warned U.S. hawks not to see a military solution as the only way forward on Ukraine. Germany has 'the sense this conflict is spiraling,' Ambassador Peter Wittig said in a small briefing with reporters at the Germany embassy in Washington. [click on the picture below]. Merkel and Hollande in Moskow trying to unlock the Greek and Ukraine situation....a deja vue !?

 

chamberlain and hitler chamberlain munich
Chamberlain returns from Bad Godesberg Chamberlain returns from Munich

Remember that the US need a War and more War in order to keep the US-Dollar from crashing...

grexitGreece is playing hardball. If the EU and Germany are not prepared to make concessions, the EU and Germany's 60-year investment in the post-War order will blow up. Greece has US card, Russia card, China card, gum up EU works card, destroy euro card. A Grexit would set it in slow motion by reducing EMU to a fixed exchange ERM3 that would be tested again and again, and destroying the very political foundations of the euro bluff.

Shunned Greece Agrees To Boost Economic Cooperation With Russia...

Italy however is the elephant in the room. Italian debt is way too high and Portugal is not out of the woods. Renzi was very close to mutiny before the ECB did QE. If Draghi had not delivered, talk of a parallel scrip currency in Italy would have become loud. All three opposition parties in Italy are anti-euro, and so are Fassina and Zingales, in Renzi's own party. Consent for euro breaking down. Deflation was causing Italy's debt trajectory to spiral. catastrophic. Combined debts (non-financial) are 380% of GDP, worst in Europe.

 1929-molehill

Important Fundamentals: see subscriber's section

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Friday February 6, 2015 -  disgusting is to encourage fiscal snitching; even worse is to be a snitcher.


magnacarta signed resizedUpdated sections: Gold & Silver Majors , 

The Magna Carta is 800 years old and ended the absolute power of Kings and Queens. High time for a new edition of this legislation which should end the power of Politicians (which ain’t any better than Kings and Queens) to increase debt and rule like psychopaths.

In 1913 the US national debt was less than $3 Billion, gold was real money, and a cup of coffee cost a nickel. By 2015 the US national debt had increased to over $18,000,000,000,000 ($18 Trillion), the gold standard was called a "barbarous relic," most currencies had devolved into fiat paper and digital symbols backed by insolvent governments, and a Grande soy cinnamon latte, double pump, triple shot, extra hot, with sprinkles cost about five bucks. Debt, money, coffee and prices have changed a lot in 100 years...

Greece’s relatively conciliatory approach appears to be paying off. President Obama is supporting Greece’s push for a debt restructuring, and France’s finance minister, Michael Sapin, concedes that Greece has a legitimate right to lighten its debt burden. Even the EU Commission president, Jean-Claude Juncker, appears to be prepared to scrap the troika. At this point, it seems possible—and maybe even likely—that Germany won’t get its way in debt negotiations.

Larger strategic matters are at stake. Russia’s influence in southeastern Europe is already growing, and it’s unlikely that NATO would accept a strategic defeat simply to preserve Germany’s small-town fiscal righteousness. Either way, we could be nearing a historic turning point. The euro and the Ukraine crises are converging, and Putin is watching closely.

 Important Fundamentals:

  • xxxxxx is selling for less than a third of what its assets are worth, and only a small multiple of its annual profits. xxxxx is the Russian xxxxx giant. And it does have productive assets all over the world. It does business in dozens of countries, generating billions in profit across a multitude of currencies. The stock is an absolute BUY at present levels.

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Thursday February 5, 2015 - under construction - Is Kirchner and Argentina what the West will look like in 5 years from now?


kirchnerUpdated sections : US-Dollar , €-Gold & €/$ , Aussie/$/€ , Swiss-Gold & Swiss/$/€ , 
Can-Gold & Can$/€/$ , ¥/$/€ , Rand/$/€ , Gold & Silver shares versus Gold & Silver ,

BUENOS AIRES — Alberto Nisman, the prosecutor whose mysterious death has gripped Argentina, had drafted a request for the arrest of President Cristina Fernández de Kirchner, accusing her of trying to shield Iranian officials from responsibility in the 1994 bombing of a Jewish center here, the lead investigator into his death said Tuesday. After WWII Argentina used to be one of the richest countries on Planet Earth. The slackness of the People and the greed for power of the Intelligent Psychopaths managed to ruin this beautiful country economically and morally in less than 50 years. Same story for Venezuela.

The best off are those who did not believe the Authorities and went for the Fiscal Amnesty promises and continued to move their assets and savings out of political reach. Today these citizens are building a new life in Panama. The Venezuelans who did not work on a plan B, have to get up at 4 am to buy Toilet Paper, Milk,...

More debt, a higher deficit we also have for the USA which seems to be trying to win the race for becoming a Socialist Country. The data that the White House published with President Obama's fiscal 2016 budget proposal yesterday indicate that the federal deficit will increase by 20 percent during this fiscal year (2015) even though the administration predicts the Treasury will bring in record revenue during the year.

After FATCA, Obama now also has found and excuse to raid the accounts of American co's abroad (or how inventous they are when it comes to levy taxes). Obama is proposing to raid the overseas bank accounts of corporate America. Obama proposes to tax the roughly $2 trillion in earnings that U.S. businesses are holding overseas at a one-time rate of 14 percent, and to direct the resulting revenue toward public-works projects. The tax rate for new overseas earnings would then be set at 19 percent, regardless of whether companies bring the money back to the U.S. [with FATCA there is no need to push for Fiscal Amnesty as the Americans can be taxed anywhere in the World!]

Important Fundamentals:

  • Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices.
  • In most cases (and this also applies to the USA) there is no legal obligation to report real estate properties you own abroad … and the good news is that a) you can officially transfer funds to acquire these and even after 2016/18, Panama will NOT automatically exchange any financial/fiscal data with no foreign tax authority.
  • Deposits with Panamanian Banks are labelled in US-Dollars but are in fact Balboa's. I expect that Panama will unpeg the Balboa from the US-Dollar as soon as it becomes evident that the US will run into a heavy storm.

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Wednesday February 4, 2015 - Panama has a vacuum for everything the West and North-America can offer


IMG 2841Updated sections: 

Panama has a vacuum for everything the West and North-America can offer:(this is a picture showing Panamanians shopping for a home - taken this Saturday) housing for the Middle-class, trained work force and educated entrepreneurs,...Panama city has plenty of modern and affordable hotels, restaurants, excellent food, high end shopping malls,...There is NO yellow fever, cases of dengue are rare, there is no malaria. Out in the countryside building activity has become buoyant but there still is an high need for more. Immigrants coming out of Venezuela, Canada, the USA and Europa have higher expectations than the local population. In short, Panama has a vacuum for entrepreneurs, capital and trained people.

Europe is sleepwalking into a very dangerous situation. Diplomacy is breaking down and we are seeing the same sort of emotional behavior that led to the misjudgements of 1914. The EU always said that the currency union is irrevocable. Once you destroy that faith, the euro-zone becomes little more than a fixed-exchange system. We think the euro would fall to $0.90 - $0.82 to the dollar very fast [see subscriber's sections for more] and may cease to exist in it's present form.

Greece is a NATO member on the edges of Europe’s “arc of instability”, a string of conflicts, civil wars, and failed states that stretches from Ukraine, through the Levant to Libya. Critics say it would be an act of strategic vandalism to push Greece over the abyss into this maelstrom...but to save its soul Greece may well decide to jump into the abyss. After all, they have little to loose and a lot to win. Not a single Intelligent Psychopath can correct it.

greek bonds

Important Fundamentals:

  • For those with a brick in the stomach, certain Real Estate Projects in Panama offer (and will offer) excellent investment opportunities. Especially those offering a Permanent Residence and Panamanian Passport. We assist interested parties. Send email to inquire.

Important Technicals: see subscriber's section

Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Tuesday February 3, 2015 - Plenty of dangerous BEARISH technical patterns for  Stock markets


Updated sections: World Stock Market Indexes, Stock market indexes expressed in  Real Money or Gold , Long Term Stock Market Indexes, Uranium, Natural Gas ,
  • Charts of our Stock Market Indexes expressed in Gold show a SOLID downtrend and the market action of the last years hasn't affected this picture at all.
  • Our section for Long Term Stock Market Indexes is extremely interesting as they provide a picture of what the international situation looks like today.

Important Technicals: see subscriber's section

  Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.


Monday February 2, 2015 - So much for what some dare to call a Banana Republic !


Panama-CranesUpdated Sections: Oil shares , ¥-Gold , Rand-Gold , 

So much for what some dare to call a Banana Republic. In Panama office space will cost as much as $25 per 10 sq. ft. (1 m2) per month for a small office (without a window) or at least $300 per month!...and there is a huge shortage. In most cases, commercial dwellings and office space are delivered GREY: unfinished. It is the task and responsibility of the Renter to finish it.

Panama has a shortage of 137,000 Social Houses but has also of good quality (isolation, central AC,...) single family homes for the Middle class. A lot has to be done and it will take years before completed. New residents flock in from neighboring counties (Colombia, Guatemala, Nicaragua, Costa Rica,...) but also from Venezuela (upper middle classes), Canada, Spain, Italy,...

The only thing necessary for evil to triumph is for good men to do nothing

The War in Ukraine and Donetsk is a shame to humanity....a SHAME to the Americans and the EU who supports the war action. This is a disgusting action sold by president Obama who acts like he is Alice in Wonderland. Few understand that this is mainly a  war without mercy for ENERGY.

The fall in oil prices gives Japan, the UK and the EU momentarily additional room to stimulate the economy while consumers will see they have additional cash.

The War For OIL Market Share Is Only Just Beginning. The big international oil companies have long-term institutional investors who prize the shares mainly for their attractive dividends.  For that reason alone, the decision to hold payouts while slashing some now marginal projects makes sense to me.  It will be a different story if Brent crude oil is still trading below $50 a barrel a year from now....but the odds to see this are extremely small.

Greece will probably go for a DEBT MORATORIUM. As Eurogroup chief Jeroen Dijsselbloem (of “template” foot in mouth infamy) heads to Athens for talks today, Bloomberg reports the new Greek Finance Minister Yanis Varoufakis has a clear message for his European overlords of the past: “We don’t want the 7 billion euros…We want to sit down and rethink the whole program.” While this exposes the nation’s banking system to further runs, yesterday’s revelation that Russia could step in with financing should they need it, leaves Dijsselbloem and Shulz with less and less leverage even as Spain’s chief economic advisor warns, if Greece doesn’t play along, “there will be problems on all fronts.” (this means more War in Ukraine...)

Important Fundamentals:

The greatest tax of all, the inflation tax, decreases the standard of living for most of the population as the cost of living rises much faster than incomes.

EGO pf2aGreece's new left-wing government is firmly opposed to a Canadian-run gold mine that is among the biggest foreign investment projects in the country, the energy minister told Reuters. The Skouries gold mine operated by Vancouver-based Eldorado Gold Corp. <ELD.TO> in northern Greece was the flagship project of the last government's foreign investment drive and considered a test case that would reveal whether Greece could protect foreign investors despite local opposition.
"We are absolutely against it and we will examine our next moves on it," Lafazanis, a 63-year-old former Communist, told Reuters at his new ministerial office. He declined to say if the government would try to block the project from going ahead. Shares of Eldorado Gold tumbled to a six-year low on Friday and were trading down 18.5 percent on Friday on the Toronto Stock Exchange. The company owns 95 percent of the Greek venture.
“We have our permits, so we’re legally entitled to continue our operations and development projects there. So for us, it’s business as usual at this point,” said Krista Muhr, vice president of Eldorado's investor relations, in response to the report. The firm said last week that it would spend about $200 million this year to develop Skouries mine, and expected to complete construction in late 2016.
The project is among the biggest foreign investments in Greece since the country sank into a debt crisis in 2010, with Eldorado taking over the mine in 2012 and promising to invest $1 billion over five years.

note: sickening to see that during times of economic hardship in Greece Intelligent Psychopaths are actually boycotting positive economic and productive action.

Important Technicals: see subscriber's sections

  Copyright 2015, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.

 
 

Categories: News

Widgetkit Twitter

Twitter response: "Could not authenticate you."