NEWS MARCH 2012 (public)
WE PREFER SAFETY ABOVE PROFIT AND BOOK AN ANNUAL RETURN of 20%
Friday March 30, 2012 -
Updated sections: Crude Oil, Agriculturals, Copper & Platinum ,
There is so much havoc and static and bearishness...the Gold/silver sector must have bottomed!! The longer the correction, the bigger the base that is formed. The bigger the base, the more prices will soar when they finally start heading higher.
It may also be that the Dollar has topped! [remember that both the Dollar and the Euro are classifeid as xxxxxxxx in the Investment Pyramid].
In Treasuries lies the truth and we're sliding into a monetization of debt or the prelude to hyperinflation: The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a Wall Street Journal opinion article published Wednesday.
The Supremacy of the USA and the Western World has come to an end over Iran, Nuclear power and SWIFT banking: NEW DELHI — Leaders of five of the world’s fastest-growing economies called Thursday for an end to the rhetoric of military action against Iran and Syria, as they met in India to develop measures to boost mutual trade in their local currencies. The leaders of the coalition known as BRICS — Brazil, Russia, India, China and South Africa — said unilateral sanctions against Iran would affect their trade and economic growth.
The Political Rhetoric about releasing strategic Oil Reserves is pure Political idiocy and will only stem the Herd for a very limited amount of time. The Oil price has corrected back towards a strong support zone and the Blue uptrend line of the Point and Figures charts. Hence it will become increasingly difficult to push it further down but also to stop a fresh bull run. Politicians may think of themselves as Golds but most of the time they are narcissistic idiots. Green politicians (Al Gore & Co) are even worse; give it some time and they all become red. Red always dies when the money of the others is gone. [see how well the technical indicators confirm this story...click here for more]
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Thursday March 29, 2012 - The gold takedown today is so transparent that it screams manipulation! - the site is best viewed with Firefox
Updated sections: Investment Pyramid, Gold and Silver Juniors ,
The SWIFT affair (Iranian banks being frozen out of the Global Electronic Clearing system located in Brussels, Belgium) will have negative consequenses for both the Euro and the US-Dollar. European and American leaders mistakingly think they are God and are flying way too close to the sun....
Is the danger coming out of the Japanese corner? Japanese companies are struggling with profitability. It only gets worse from here. Japan has only one way out - a massive 
devaluation. If the stable national debt is 120 percent of GDP, the yen needs to be devalued by 40 percent because devaluation is ultimately equal to the nominal GDP increase. The day of reckoning for the yen is not distant. Yen devaluation is likely to unfold quickly. A financial bubble doesn't burst slowly....Caution is requested and we therefore moved the Yen to the Bearish section of the Investment Pyramid.
In France Pigs have wings and they fly too. One really has to be sick in the head to make this kind of affirmations: French finance minister says inflation excluding tobacco should be 1.8% in 2012 . the day comes that these people could pay this kind of lies with their lives. Marie-Antoinette and Louis did. Such a statement is at least ridiculous as we know that the FED, ECB, BOJ and BOE have in only 3 years time blown up their balance sheets from $ 4 to $8,8 trillion (Government debt explosion was a multiple)....ZIMBABWE here we come! (such smells Hyperinflation instead of a ridiculous 1.8% announced by the french finance who has been drinking too much Pastis).
No pigs and things are heating up in Spain where after earlier this week the People took over the Metro-lines, a national strike is planned for tomorrow. Contrary to Greek and Belgians Spanish people normally don’t take shit as an answer. Spain could well be the first country leaving the Euro-zone....
Sentiment in the gold/Silver sector is pushed to almost an extreme bearishness. Remember that at this time the Gold sector is digesting the 2009-2011 bull run (from $ 680 to $ 1920 or + 182%) and size of the actual congestion zone will propel gold to $ xxxxx...the bigger the congestion zone, the higher the objective. Having said this, price will go up when time has come and a spark in the Middle-East can reverse such a sentiment overnight. Remember at all times that we have a paradigm shift, problems won't go away but get worse and that they will have to use an exponential increasing amount of fiat Money to keep the Financial System alive and that such will propel Gold to + $30,000. The GLDX chart (juniors) looks extremely bullish!!!! - see Gold and Silver junior section for individual shares.
Crude oil sits in a solid uptrend not because of specualtion (what a cheap polical argument) but rather because the misallocation of funds and the Iran threath. The fact that French President Sarkozy intends to sell of some of the strategic french oil holdings to stem the price rise will only have a marginal short term impact. Markets know better!
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Wednesday MArch 28, 2012 -
Updated sections: Can-Gold, €-Gold , Zar-Gold(new pf chart and adjusted objectives)
Interesting is that the Elliott Wave forecast confirms my Point and Figures support levels (see PF charts for $-gold and can-Gold). The actual correction which is maturing shows a xxxxxx support level and so does the EW chart below. Dramatic and even scary are the objectives. Don't think that it will be happy times when Gold steams towards xxxxxxxxx! According to the EW calculations $-Gold will sell around xxxxxxxxxxx before December 2014 and xxxxxxxxxx before end of 2015. We have about two years before HELL will break loose.
Extremely interesting are the published opinions of so-said financial magazines and pseudo-financial analysts of large banks (ex. Credit Suisse). Experience teaches these as a rule signal a BOTTOM. It would be amazing to see that this time is different. Having said this, by now we should all know how poor the financial advise and analysis is Banksters offer FOR FREE!?
'It is totally false that printing money causes inflation,' !? Central Bank of Argentina Governor (BCRA in Spanish), Mercedes Marcó del Pont, stressed the importance of bank’s charter reform as “it will provide the government more tools to deepen the development model and to give priority to investment credit.” Some people lie as they breath...especially Politicans, Banksters and Government officials...more
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Tuesday March 27, 2012 - the site is best viewed with Firefox
Updated sections: Uranium, Oil shares , Recession Proof shopping basket ,
We will for the time being never see the reintroduction of a gold standard because no leading government is likely to surrender control over its own money supply. For current reasons, just ask the Greeks or citizens of other peripheral Eurozone countries, struggling to cope with no more than a euro standard.
An economic/financial War we have. After Irak, Libya, Iran and India, South Africa this week will take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in emerging markets. This means getting a renminbi-denominated bank account, in addition to a dollar account, could be an advantage for African businesses that seek to do business in the emerging markets. The move is set to challenge the supremacy of the US dollar. This, experts say, is the latest salvo in the greatest worldwide currency war since the 1930s. The move has to be seen as a counter-action for what happened to IRAN (Iran banks can no longer function properly as they are no more allowed to use the life vital SWIFT system) and the warnings issued to INDIA by the USA. The SWIFT war is like shooting your own foot and the action will have severe repercussions and for the US-Dollar and for the USA.
SALES we had for the Uranium sector/shopping basket back in August 2011. In only months time the price of Uranium shares doubled …. did you buy any? Remember those GAPS are always filled....SALES ain't over yet...buy the corrections and keep the shares at least until the gaps are filled. Having said this, Uranium shares are healthy long term investment. See shopping basket for more.
Invest = seize the opportunity. Uranium shares are a school book example. Even if you had invested in Uranium shares BEFORE the Japanese drama, you should have accumulated more shares during the reaction of the Herd (leaded by stupid Politicians) . Those who decided not to add to existing positions simply will have to wait a bit longer. Such is of secondary importance as Uranium is a Medium to Long Term investment. In order to "buy low and sell high" you have to be a contrarian; you have to buy when an underlying trend is clear and going strong, but others are selling and be PATIENT.
Or do you still prefer to listen to the LIBOR manipulators and/or Banksters (Bernanke) who are just pulling your leg and your wallet as far as they possibly can!? According to Bernanke last month QE III was out of the question, today it is possible and tomorrow (I am 100% positive about this) it will be implemented. Banksters and Authorities are cheating in any possible way....The LIBOR Fraud Signals Beginning-of-the-End For Banksters. The Swift affair is a declaration of war. Those who keep listening to the liars will loose their Fortune once the Herd realizes it has been lied to and that there is no such thing as a free meal.
The gold and Silver sector reacted exactly as I expected and was explained in the latest market alert. Very important is the fact that last week's sell-off will end up as a BEAR TRAP and the implications of such is that we're xxxxxxxxxxxxxxxxxxxxxxxxx.
Also in Japan the Bond market will signal the end is near. One can print unlimited amounts of Fiat Paper but honor only so much debt. For the last decennia Japanese savings were used to finance the debt. This however is coming to an end. The situation is so critical that if the Japanese bond yield rises to 2 %, the interest expense would surpass the total expected tax revenue of 42.3 trillion yen. It is just bizarre to see that the whole world believes in a strong yen when Japan is failing on such a grand scale. A yen collapse will impact China and South Korea most, just like in 1998. It will trigger substantial weakness in their industries. If a banking system succumbs, the shock can bring down an entire economy, as South Korea's experience in 1998 demonstrates. Both China and South Korea have weak banking systems. South Korea's banking system is one of the most leveraged in the world due to high level of household loans. Over-investment and a property bubble make China's banking system very vulnerable to such a shock. Unless China substantially increases the capital in its banking system, a big yen devaluation could cause China's banking system to sink. China suffers from over-investment and a property bubble. Hence, a yen devaluation could wreak havoc to China's economy.
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Monday March 26, 2012 - the site is best viewed with Firefox
Trust your banker... or ETF's are a holdup in broad daylight. It is not the 1st time the underlying value goes up but the ETF does nothing. Following example applies to the Oil price and the USO ETF. Since mid-January 2009, oil prices have increased a stunning 142% while USO only rose by 33%. A lot of prescient investors who saw the rise coming made practically nothing with their prediction, thanks to this ETF....and the banksters.
WW I resulted in a panic on the financial markets in Europe. Stocks crashed and stock markets were closed. There was an unseen run on the banks and the public tried to exchange Paper money for Gold and Silver coins which were at that time still being used as money. During the first months of the War all Silver and Gold coins disappeared out of the circuit as everybody wanted to pay with paper money. Months later paper money stopped being accepted although some shopkeepers accepted is at a lower than face value. [Gresham’s law dictates that the bad money chases the good away]. Silver became so expensive that the intrinsic value of a silver coin was higher than the face value on the coin. Gold and Silver disappeared all together out of the circuit and exports of Gold and Silver were forbidden!
The rise and fall of civilizations follows a self-repeating pattern or vicious circle.
- an opportunity (cheap labor cost, low or zero taxes, …) attracts capital
- concentration of capital brings prosperity (more employment)
- this results in an increase of the general level of prices: real estate, labor cost
- from this moment on the flow of capital starts to reverse: away to peripheral economies where labor and prices are cheaper.
- economic activity declines and so does Government income (less taxes) and taxes are increased.
- this causes more capital to flee into the peripheral economies and the action accelerates the decline.
- often Government put capital controls into place (more regulation) in an effort to stop the export of capital (this never works).
- domestic labor and domestic (real estate) prices become overpriced and capital concentrates in the peripheral economy.
- this signals the end of the economic system A
- and the beginning of the economic system B….where over time capital will flee to another peripheral economy C.
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Friday March 23, 2012 - the site is best viewed with Firefox
A Greek remake of the Lehman Bros. deleveraging we have.
2008-09 because of the Lehman bro's drama (American) banks had to deleverage or sell ASSETS (bonds, stocks, gold, silver) in order to rebuilt their balance sheets. Foreign (European) assets were sold and the funds repatriated to the USA. As a consequence the exchange rate of the US-Dollar strengthened versus the Euro, Gold and Silver and Stocks came down until a bottom was hit end 2008/beginning 2009. 
What we have today is a Greek remake. Because of the Greek drama (European) banks have to deleverage or sell ASSETS (bonds, stocks, gold, silver) in order to rebuilt their balance sheets. Foreign (American) assets (Treasuries) are sold and funds repatriated to the Euro-zone. During deleveraging ANYTHING is sold irrespective of the Quality of the Asset. The Gold and Silver sector (and Gold in particular) is holding up better than during the 2008 deleveraging and the Dollar-Euro exchange rate is behaving in a weird way. The 2008 deleveraging took 6 months to complete. Assuming the Greek deleveraging also lasts for 6 months, we may have dull markets until Mid-Summer....Only Mr. If-I-Had is able to time correctly how long this correction will last.
ISTANBUL—The Turkish government, facing a bloated current-account deficit that threatens to derail the country's rapid expansion, is trying to persuade Turks to transfer their vast 
personal holdings of gold into the country's banking system. The push to tap into the individual gold reserves—the traditional form of savings here—is part of Ankara's efforts to reduce a finance gap that is currently about 10% of gross domestic product. Government officials say the banking regulator will soon publish a plan to boost incentives for consumers to park their household wealth inside the financial system. Banking executives said they are considering new interest-yielding gold-deposit ...[Turkey is not part of the EU] For your information in Turkey one gallon of gas sells for $ 10 !
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Thursday march 22, 2012 - the site is best viewed with Firefox
Updated sections: $-Gold, Silver, Gold & Silver majors, Oil stocks
Most of Western Europe is living under a propaganda fed communist regime....and the upcoming generation doesn't even get it. Italy to launch Skynet tax collection system after 197% YoY borrowing increase. This is something out of an Orwellian science fiction movie. The Italian tax authorities are now field testing a new system called ‘redditometro’, a database that automatically collects and analyzes taxpayers’ tax data vs. spending data based on automated collection of credit card and banking information. For example, if the credit card reports show that you have an expensive gym membership… or perhaps you bought too fancy of a mobile phone, then the system will flag you if your annual tax liability isn't commensurate with such spending habits. Preliminary results showed that a full 20% of Italian taxpayers will be initially flagged, much to the delight of agency director Attilio Befera. According to Befera, “We have €120 billion of tax evasion, and to cope with this emergency, we need to take emergency measures…” Big Brother will be proud...more
If I am wrong, and I truly hope I am, following won't hurt you. In case I am right, it will save you.
- Find at least one place outside of your home country to escape to.
- Consider a second citizenship or residence program; at a minimum, set up residency in another country.
- Store physical and paper assets outside of your home country, and (Gold, Silver) outside of the electronic banking system.
- Under NO condition believe what Government officials and Bankers tell you. There are not there to help you.
Important is to keep your savings in a couple of baskets only and watch these closely. Physical Gold and Silver are important. So are Gold and Silver shares. To be balanced a portfolio also needs Energy with Oil (black gold), Oil drillers/services and Uranium (what will become the source of energy of the 21st century) and lasts but not least some Depression resistant shares. Markets move like a symphony does. Not all instruments are played at the same time. When one is tired (like Gold and Silver now) another one starts to play and makes you happy (Energy, Oil sector, Uranium).
The four point and figures charts in the subscribers' section have been annotated and a new more logic channel has been drawn for $-Silver. The HUI index (unhedged Gold/Silver mines) has fallen back upon the critical 27 support line and the odds are that the line will xxxxx. Always remember the total capitalization of the Gold/Silver sector is extremely small...as small as the capitalization of Coca Cola or IBM. Hence it is a rather easy prey to manipulation. Clear is that since the end of last year the music has been playing in the Oil sector...and that a new bull run has only just began. [the blue line is the basic uptrend line, the thin red line the top of the trend channel - note it can take several years before the top line is reached].
Nobody is able to read all the books one finds in a library nor can one read all the newspapers which are published in the world. Even for a large bank it is impossible to analyse all stocks, currencies and commodities which are traded in the world. Therefore it is important to use an instrument like a picture/chart which can tell you 1000 words. As soon as a situation has been analysed and we know how to approach it from an investor's point of view seeking safety, the argumentation mostly remains valid for several months if not longer. Hence it is an absolute waste of time and for the writer and for the reader to try to explain the same story in a different way over and over again...and this is exactly what the most financial research media are doing. Goldonomic in the archives has information and arguments which were published in 2003/2004 and are still up to date....
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Wednesday march 21, 2012 -
Updated sections: $-Gold, Silver, Euro-$ and €-Gold, Gold and Silver majors, Gold and Silver Juniors, World Stock Market Indexes, Treasury BONDS, Corporate Bonds, Bond fundamentals I, Bond fundamentals II, Inflation Index, COAL, Natural Gas
Are you gonna miss the next upleg for Gold from $ 1660 to $ 3500 ? PATIENCE is an important virtue for an investor. The 2008 Gold/silver correction lasted FOUR MONTHS or as long as the actual correction. Those who sold in panic during that correction because they did not UNDERSTAND and/or were impatient and kept BELIEVING in worthless Fiat Money missed the upleg from $ 700 to $ 1900. Price will go up when time has come and nor JP Morgan, nor Goldman Sachs (who believes he's a God) ...nor God will be able to stop it. Gold expressed in most fiat Currencies almost sits in the bottom (blue trend line) of their secular uptrend...hence there is not a lot of room for more correction.
Now is the time to try to understand how Point and Figures Charts work. PF charts by principle eliminate the short term fluctuations (static) and also TIME...and there is the discipline of the daily updates. PF charts show a great deal of information on a single chart. Trends are easier to define and congestion zones (accumulation or distribution) better visible. The size of the congestion zones define a subsequent objective. The bigger the zone, the more vacuum there is once price breaks out and the higher or the lower objective.
A good actual example we have for BONDS/TREASURIES which are falling out of a TOP and a historic record level! Too early to confirm but this could signal the beginning of the end.
CAUTION ! North-American stock market indexes are running into resistance. At the same time we have some short term weakness and the markets could fall out of this BEARISH WEDGE.
Why is the EURO so strong at a time where not only GREECE but also PORTUGAL is running into problems? Under normal conditions the Euro should be extremely WEAK..but is is not....Is there something wrong with the Dollar we're not aware off?
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Tuesday March 20, 2012 - After Goldman Sachs comes JP Morgan...
Comment Posted on U.S. Commodity Futures Trading Commission Website [Comment has been deleted from the U.S. Commodity Futures Trading Commission home page].
From: Z A N
Organization(s):
JPMorgan Chase
Comment No: 57019
Date: 3/14/2012
Comment Text:
Dear CFTC Staff,
Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.
A D V E R T I S E M E N T
I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.
There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke’s speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.
As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.
It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America’s best kept secrets. Please do not allow this to turn into another Enron.
Kind Regards,
-The 1st Whistleblower of Many
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Monday march 19, 2012 -
Gold is the money of the Kings, Silver is the money of the princes, barter is the money of the farmers and DEBT.... is the money of theSLAVES!
Gold expresses the value of the dollar/euro and fiat paper money or it shows the degree of BELIEF of the HERD into worthless fiat paper DEBT.
Sometimes one has to be blind not to see the opportunity: xxxxxxxxxxx is a good example (click on the graph to enlarge). Profit figures have been going up by 900%
Don't forget the music which is also playing in the Section of Oil shares. Friday saw some important positive moves especially for Oil drillers and servicing like for example xxxxxxxxx.
SWIFT instructed to disconnect sanctioned Iranian banks following EU Council decision. [Idiots they are and as super-idiots they will be remembered in history books. Once we worked out way out of this depression we'll never gonna see a remake of the slime-ball-politicians and politics like we live them right now. Just like we never saw ABSOLUTISM again after John Law bankrupted France under one of the last French Kings ] .
Brussels, 15 March 2012 – Following an EU Council decision, SWIFT is today announcing it has been instructed to discontinue its communications services to Iranian financial institutions that are subject to European sanctions. The new European Council decision, as confirmed by the Belgian Treasury, prohibits companies such as SWIFT to continue to provide specialized financial messaging services to EU-sanctioned Iranian banks. SWIFT is incorporated under Belgian law and has to comply with this decision as confirmed by its home country government. “This EU decision forces SWIFT to take action” said Lázaro Campos, CEO of SWIFT. “Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran.” The EU-sanctioned Iranian financial institutions and the SWIFT customer community have been notified of the disconnection, which will become effective on Saturday 17 March at 16.00 GMT. (click on the SWIFT logo for more...)
A Rotterdam, Netherlands, court has overturned the Dutch pensions regulator's recent demand that SPVG, the pension fund for glass manufacturers, divest more than three-quarters of its 13% gold allocation. The regulator is now facing a claim for damages, estimated at € 11 milion, the difference between the current gold price and the price when the gold was sold a year ago, according to Rob Daamen, the scheme's deputy secretary. The court said it was not convinced the regulator had fully taken into account the scheme's specific conditions or the entirety of its investment portfolio. It also concluded that interpretation of the so-called "prudent person" rule should be the sole prerogative of the pension fund, and that the regulator's task was simply to ascertain whether this standard had been applied correctly.
Spanish house prices tumbled at their fastest pace on record in the fourth quarter of 2011, a sign that a long-running property bust will continue to weigh on Spanish households and banks...more
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Friday march 16, 2012 -
Updated sections: $-Gold (EFT), Silver (ETF)
If history repeats, or even rhymes, our biggest days of volatility are ahead. And they will be normal. Big price fluctuations will be common as we enter the mania and approach the peak. In fact, when large daily movements become the norm, the historical record suggests we will be nearing the end of the cycle. Prepare yourself for bigger daily swings – up and down. And buying on those outsized drops is probably a good strategy…
Be advised that I am bullish for the North-American Stock markets. This includes the shares of certain Multinationals like: Unilever, Nestle, IBM,…One has to assume that as these companies are as a rule run by excellent managers these companies will survive the Apocalypse.
We have a move out of Fiat Paper money into Real Assets. Bond markets broke down both in the United Kingdom and the USA. The only bond market standing is the German one…but for how long? The situation in Japan is becoming increasingly dangerous.
Uranium is again fashion. Developing countries with an insatiable thirst for electricity are going full speed ahead with new reactors a year after the Fukushima Daiichi disaster disrupted the growth of nuclear power around the world. Sixty two nuclear reactors are currently under construction globally, with 163 more on order or planned, according to the World Nuclear Association.
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thursday march 15, 2012 -
To intimidate all those who like Nigel Farage don't BELIEVE that everything is gonna be fine the Central Banks and Goldman "Hannibal Lecter" Sachs" organized a new push on Gold and Silver. ....but we know better and that it would be stupid to jump out of REAL MONEY into digital CRAP just because the Central Bankers use some worthless derivatives to scare off the Herd. Let them do...they are cooked and we know it. Gold and Real Assets will be the only standing survivors when all this is over.
There are people who in the end cannot longer live with lies and window dressing....like this Goldman executive.
Why I Am Leaving Goldman Sachs - By GREG SMITH
TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.
...more
The "Good News" is that the Greek ATG-stock index went up by 1.34% , the US-Dollar was stronger and the 30 year Bond yield went up by almost 5% : the nominal market value of the Crap Investments increased (bonds came sharply down) while the nominal value of the REAL ASSETS and REAL MONEY came down...Such clearly shows in which direction the Herd is being chased.....
Surprise in the Bond sections where losses range from 2.5% to 5% . The dangerous Top-ditstribution we mentioned two weeks ago has matured. Bond prices broke down and yields went up.
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wednesday march 14, 2012 -
Updated section: Natural gas, Coal
Carry on chaps, everything is gonna be fine....
Oh yes...everything is gonna be fine...deposits are massively leaving Greece but also Italy, Spain and other EU countries. You can only lie for so long....and anybody with some brains knows it is five past twelve. Everybody else is still busy making Fiat Paper Money......profits....
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Tuesday March 13,2012 - Amazing how many adults still believe in Santa -
Updated sections: Uranium, Recession Proof stocks, Crude Oil
Which option would you go for? With all drama, lies and question marks about Greece and the Credit default swaps, do you really think that you should throw away your gold insurance and exchange your physical holdings for Worthless Fiat Paper and Dangerous government bonds (options to buy Fiat Paper)!? Then is it really important that Gold and Silver could eventually come down for a short period of time as some analysts predict it will? The Chinese are divesting out of paper right now. When last week silver took out $33, a huge amount of physical orders were filled. The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips. It is also important to note that the local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns. When silver reverses, it will be the one that leads the market higher. Also, the commercials have been covering in silver the same way they have been in gold....Do you really think that you should continue to BELIEVE the Propaganda and act on accordingly?
When Switzerland, Germany and The Netherlands start to mind about Gold and one finds out that a lot is still kept overseas it is clear that Gold is important and at the same time that the Gold holdings of the citizen inside Europe is at danger.
The Gold/silver ratio (see $-Gold) is a good instrument to picture whether Gold is too expensive versus Silver but is a terrible short term indicator. The ratio is based upon a correlation and often correlations stop existing overnight. A much better indicator is the number of bullish versus bearish advisers and the index came down over the past couple of weeks.
Unbelievable that each time the Herd gets scared it flees exactly into the worthless paper sold by the biggest debtors in the world which are the USA and the EU. With trillions of deficits as far as one can see, who are the idiots who still feel comfortable by loaning their savings to virtually bankrupt governments 10 year funds at 2%?....all who have savings accounts, bank deposits and money market funds do!
There is not the slightest doubt in my mind that if the financial system and Banks does implode Gold and Silver but also Shares will come down more….but at the same time Treasuries will become worthless and all of a sudden the Herd will see the Emperor has no clothes and the Fiat Money they hold is worthless.
Whether or not the Euro and/or the US Dollar will blow up tomorrow isn't really worth an argument. Certainly not if you're holding the bulk of your savings in REAL ASSETS within political reach. Most short sighted investors (or should I call it stupid greedy speculators) don't even understand what the end result will be of Deposits which massively flee the Euro-zone. Last year in Greece an amount equalling 20% of the BNP left the Greek banks....and at this time deposits are massively leaving Italy and Spain. Is your country next? Will you postpone action until we have Capital controls and you're stuck!?
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Monday march 11, 2012 -
Updated sections: Gold and Silver Juniors, Banks and Financials, Oil Shares
Are you sure you want to keep all your Gold holdings inside the National borders and inside the European?American continent? Are you so confident that the SWEET Authorities won't even dream of taking it away from you? Are you really ready to take the risk? Depending upon your residence the Wolf is roaming on a different continent. But he is roaming and he needs food, a lot of food...
Once you see Countries are shipping back their Gold holdings back home there is little doubt that those who decide not to hold any have a mental problem. Venezuela is not the only country which is repatriating PHYSICAL GOLD, Switzerland, Germany and the Netherlands will probably join the Club. Belgium will off course as usual miss the party....
This is the 1st country to roll over its debt (there is no official DEFAULT) during the Great Depression of the 21st century. A remake of the pre-WW II and last great depression of the 1930's...and Credit Default Swaps will be paid out...but no cigar as Greece is not leaving the EU nor the EURO.
The release made by the International Swaps & Derivatives Association or ISDA is totally incomprehensible. The press is using the word default, but the ISDA is using the word 'auction.' Clearly, the amount of CDS's outstanding is infinitely more than the $3.5 billion that is being quoted." According to the BIS the amount is $ 37 billion.
"In light of today’s EMEA Determinations Committee (the EMEA DC) unanimous decision in respect of the potential Credit Event question relating to The Hellenic Republic (DC Issue 2012030901), the EMEA DC has agreed to publish the following statement:
The EMEA DC resolved that a Restructuring Credit Event has occurred under Section 4.7 of the ISDA 2003 Credit Derivatives Definitions (as amended by the July 2009 Supplement) (the 2003 Definitions) following the exercise by The Hellenic Republic of collective action clauses to amend the terms of Greek law governed bonds issued by The Hellenic Republic (the Affected Bonds) such that the right of all holders of the Affected Bonds to receive payments has been reduced.
The EMEA DC has resolved to hold an auction with respect to the settlement of standard credit default swaps for which The Hellenic Republic is the reference entity. To maximise the range of obligations that market participants may deliver in settlement of any such credit default swaps, the EMEA DC has agreed to run an expedited auction process such that the auction itself will take place on March 19, 2012. In light of this expedited auction process, market participants should submit any obligations that they would like to include on the list of deliverable obligations to ISDA as soon as possible."
Following Youtube videoclip raises questions:
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Friday march 9, 2012
Updated sections: World Stock Markets, Stocks are Real Assets, Gold and Silver Majors.
Central and banks like the Federal Reserve suggest that it can do and undo "quantitative easing" at the same time to cancel any inflationary implications of bond monetization. Such surely is true but would have dramatic consequences as the whole financial system would implode. This kind of statements is part of the Deflation Propaganda marketing.
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Thursday March 8, 2012 -
Updated sections: Investment Pyramid,$-Gold, Silver, US-Dollar, Euro-Gold, British pound-Gold, Swiss Franc Gold, Aussie-Gold, CanDollar Gold, South African Gold, Swedish Krona,Ruble Gold,Indian Rupee Gold ....
Those pretending that Greece will be allowed to go bankrupt, don't know what they are talking about. Greek people and Greece won't be even granted the luxury of bankruptcy and if necessary EUSSR Commissars will further take over the country and take away the property of Greek citizens.
The long term candle chart for Gold expressed in British Pound shows that an increasing amount of intervention by the Central Banks is requested to bring Gold down by a smaller amount of points. This proofs "THEY" are loosing grip on Gold. The orchestrated corrections MUST at each time be used to add/initiate to your PHYSICAL GOLD positions.
The long term candle chart for Gold expressed in Swiss Franc shows a HUGE triangle in formation. The larger the Triangle, the stronger the coil and the subsequent leg.
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Wednesday march 7, 2012 - the new server is up and running !
There is a disconnect between the European and American Stock-Markets. The Media (inclusive of the financial media) fails - as usual - to understand the mechanisms of the Financial Markets and the easiest way to loose money is to listen to what they advise. Important is ALSO to UNDERSTAND we shall have to learn to live with an increased volatility and that the Eur-ozone in one way of another is a Political Frankenstein which shall not and cannot survive. A bunch of idiot, selfish and narcissistic politicians cannot succeed in doing something the standing armies of Hitler and Napoleon failed to do. During the process however they will sent millions of people into misery and poverty.....are you going to be one of them???
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Tuesday march 6, 2012 - Once the crisis unfolds it will be of untold proportions and comparable to the crisis which brought down the USSR (1989) and China.
The euro 1000 billion which the ECB has handed out at a 1% interest rate to the banks is unfortunately (and as expected) not passed on to the private sector. Instead it is partly used to stem the rise in interest rates in Greece, Italy, Portugal and Spain and it will also end up in Equities. This is why since last year I have been wildly bullish on the stock markets. See subscriber's section for our expectations for the coming months....
There was another push on Gold and Silver today and Uranium shares are easing back towards the 50 and 200 day Moving Average.
Crude Oil has distinctly broken out of an inverted HS pattern. $xxx is the neckline and $xxx is the objective. Oil shares are at this time also breaking out of a similar pattern.
At this time the USA but also Germany is heading into a debt votex from which politicians will never act until it is a crisis. Technically the Bond market (USA and Germany) looks extremely dangerous. There is a sideway distribution which is clearly manipulated by government and the trend is unsustainable. The odds are that we may see a FLASH CRASH is at some point in the near future possible and there is little doubt the crash could have a major impact on the Dollar and the Gold market. But holding Gold/Silver will be safer than holding Treasuries, Bonds and Fiat Money, Derivatives and manufactured bank products.
Iceland also likes the Loonie and is considering to adopt the Canadian dollar as national currency. Iceland has been desperate to replace its krona with a more stable currency since its banking collapse of 2008...click here for more
The beginning of the end. With half of the Spanish youth being unemployed Rajoy has no alternativeve. If necessary Spain could decide to leave the Euro-zone and the Euro...or another time bomb.Mr Rajoy said Spain's deficit would be 5.8% of total economic output in 2012, higher than its agreed target of 4.4%. He said the higher target still represented "significant austerity". The Netherlands also said it would miss its budget target for this year, with a deficit of 4.5%...more
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Monday March 5, 2012
Pigs have wings and they fly too! Gold and silver prices plummet because the U.S. economy is so healthy that the Federal Reserve won't have to print any more money, and so there won't be any more inflation. Employment figures are improving, Real Estate bottoming out (NOW is the time to buy - at least that is what they make believe us). In other words, we should be happy because REVOVERY is around the corner (did we not hear exactly the same stupidy in the 1930's!?). Things are so good that in Europe they have Re-appointed (not elected) Herman Van Rompuy (remember the cheap banker dressed as a rag) as president of the EUSSR. The man serves the European Union so well that he is paid more than the president of the United States.
Dow Jones flirting with the 13000. Best case scenario we need some additional consolidation before we will see higher levels. Remember that a stock market can go up even if we don’t have an economic recovery
Western World Electricity consumption is down. Electricity consumption is an excellent barometer for Economic activity and we shall have no RECOVERY as long as electricity consumption doesn't pickup. Automobile sales are another reliable indicator...and sales keep falling. Hence the statement of Herman Van Rompuy pretending the “Recovery sits just around the corner” is nothing more but a huge lie. Spain will miss its budget deficit target. So will Belgium and other Western Countries. It is all cooked in Jim's formula are Politicians are nothing but idiots living in an ivory tower....Having said this, even with a budget in equilibrium the economy will keep degrading...the point of no return has been passed and today it has become impossible to recover from the spin. Hence the only thing which is left is to bring your savings into safety and pray for the best.
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Friday march 2, 2012 - Will you be able to get your money out of the country before the country gets the money out of your pockets?
HALT GESTAPO! A family of five who are not even EU residents decide to take a ski break in Switzerland. On their way home they are stopped by German Custom officers asking why they travelled to Switzerland and if they made some purchases. They honestly replied that they bought some ski equipment. Consequently the Custom agents searched the car, personnel belongings and wallets. The trophy was a CHF 1700 ski-equipment shop-ticket. Not only did they have to pay € 500 import duties but on top they were fined an additional € 2500 for not declaring the goods at the border. The German Gestapo officers were so kind to escort them to and back from a bank where they were able to cash the requested € 3000. The holdup took over 3 hours! [they search it all, even your wallet..] Welcome to the EU-zone.
Yesterday's Gold correction (push) seems to be over. They managed to bring the Gold price down to almost on the 50 and 200 day moving averages and the strong support level of $ 1680. Both Silver and Gold rebounced fantastically today.....The Gold pool is slowly but surely loosing grip....
The Dow Jones industrials keeps battling with the 13,000 resistance level. It may take some time before we know for sure which heading it is about to take. All will depend upon the quantity of fresh created Fiat money and as stated last year a Dow Jones of 30,000 and higher is certainly possible.
Price = Money supply x Velocity . At a private meeting in Brussels this week, the governor of the Belgian central bank told us that the risks of inflation from the increase in the money supply are currently very low because the velocity of circulation is extremely slow. This use of the Fisher equation helps explain the thinking inside the ECB. The problem however is that the Velocity is not controlled by the (central)bankers but by the people. The moment they stop BELIEVING in the Fiat Money, they will try to get rid of it and this action will multiplied by the enormous amout of Money/Debt supply start the HYPERINFLATION. [this is the main reason why deflation propaganda is very important]
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thursday march 1, 2012 -
In order to improve the download speed we are in the process of moving the site to servers with more bandwidth. This may result in minor inconveniences. We apologize for the inconvenience.
Click here for more on the Gold Pool...and remember what happened yesterday was window dressing by the ECB, FED (Central Bank Propaganda).
Greece was the birthplace of Democracy...but there is no Democracy any more....youth unemployment in Greece and Spain is over 50% and Super Mario, Von Rompuy & Co. are preparing a revolution in Europe! No Doubt...The Central European bankers are now even able to steal the Gold of the Greeks out of the Greek central Bank. Greek people are getting the money out....are you or are you one of those Rabbits sitting in front of the light box. Greek people have been enslaved...the prime minister was replaced by a pupped minister and European Tax collectors are now able to move in Greece and legally take away property from Greeks....Same story in Italy where Berlusconi was replaced by a ECB puppet....