Loading ...It was interesting from the standpoint of The Rothschilds, oligarch inbreds.
But the writer was a total left winger, especially slamming FOX, Repubs, but worse The Tea Party.
I’d say it’s probably pretty impossible to have $100 trillion in wealth and not have your hands in everyone’s pockets.
I’m a little surprised you took an interest in that article. Especially since it seems to have been written by a total libtard.
” The well-paid corporate lackey leadership of the Republican Party pushes this anti-government agenda, while the idiocracy misnomer known as the Tea Party takes this monarchist argument to its fascist extreme.”
So Repubs = bad, Dems like Carl Levin mentioned later in the article = Good
How about bad and bad?
Do you see anything that portends a crash is on the way? It almost seems the SM is on a computer driven auto-pilot. No way it crashes unless the boyz want it too.
It’s a big event anymore if the SM corrects 1%
There are a million fundamental reasons why it could but everything seems pretty dialed in.
Well that didn’t last long…
Desk chatter of large institutional selling and concerns over a forthcoming G7 statement on Russia are being blamed for now…
Chart … http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140730_oops_0.jpg
Days away from the Seasonal Swoon Period for Stocks…
The seasonal “danger zone” for the stock market is August to mid-November so as we close out the month of July, I thought it fitting today to focus more on the current stock market bubble rather than the Gold and Gold Miners.
I was talking to my friend and newsletter whiz-kid Dave Skarica (Addicted to Profits ) last weekend and he reminded me of one of the greatest market calls in history (which I actually watched on October 16th, 1987 during the roundtable discussion on Wall Street Week with Louis Rukeyser) by the late Martin Zweig. I met Marty in 1986 at the Securities Industry Association Commencement Dinner at the Wanamaker’s Tearoom in Philadelphia and determined that he was undoubtedly the most down-to-earth financial “guru” in the history of Wall Street AND he had a great sense of humour. The clip ( Market Crash Call by Martin Zweig ) around the 6 minute mark is now legendary. What was really great was how Mary Meeker completely refuted Zweig’s call for a crash stating that “Fundamentals are too good for a crash…” only to get annihilated on the following Monday. Zweig used portfolio insurance and put 1% of his portfolio into OEX put options on Friday October 16th which went from $2.35 to over $140 allowing his portfolio to actually rise 9% during the famous October ’87 Crash.
David has just published his new book “Collapse!: How the Federal Reserve Created Another Stock Market Bubble and Why it Will Collapse” where he outlines the myriad of reasons that this market is ready for a downturn and it is an excellent read. The rationale laid out by David is the reason that I have been quite timid about re-entering the Gold Miners. I am certainly bullish on zinc and silver (physical) but since the producers, developers, and explorers of those metals are still stocks, I am concerned that any upward move based upon the positive seasonality for gold and silver will be offset by a broad market correction.
As for today, I have added to the SLV October $18 calls @ $1.95 as well as the SLV ETF @ $19.75. I won’t touch the miners until this week is over and all of the FOMC propaganda is behind us. I continue to look at the VIX and urge you all to read this comment by Blackrock on volatility (http://www.bloomberg.com/news/2014-06-26/blackrock-recommends-buying-volatility-while-pimco-sells.html ) as portfolio insurance is more maligned today than at any point in the past decade.
Last point: An astute client asked me if he should liquidate his juniors exploration holdings for fear that they might “correct” in an S&P selloff. My response was “Correct what?” They have not participated in the 2014 gold rally to any extent worth noting so there is nothing to “correct”. They certainly weren’t lifted by the rising stock tide of the past three years so there is little (if any) profit to protect. My strategy is to overweight the physical silver market and to protect the portfolio with VIX and SDS call options while holding 50% positions in the GDX and GDXJ and sitting pat with TK and SRC.
By being partially short (as was Martin Zweig in 1987), we are hedged against the advent of the seasonal swoon and with the help of regular church attendance and rabbit’s feet, we shall (hopefully) endure…
MJB
On top of market-moving news, analysts have also pointed out the high level of long position holdings for precious metals in the latest CFTC data, warning that the upside may run into a ceiling soon.
According to the latest CFTC data, the speculative position in precious metals is high, with gold, silver and platinum all having net speculative length as a percentage of open interest close to the highest level seen this year, or well above the five-year average level.
“While the futures market is likely to drive the metal price only in the short term, it does indicate to us that, given the large speculative long position already present in these metals, their prices are likely to struggle to regain upward momentum,” said analyst Walter de Wet from Standard Bank.
*Rocket Rich…
Bollinger Bands on Weekly Gold Pinching in like Scarborough Crab Claws!
Looks like there’s a sizeable move rolling down the pipe in the next month or so,..
Have marked on Gold Chart the results the last 5 times the BB were pinching in, and note this time they’re about as tight as ever!..
American Intelligence Officers Who Battled the Soviet Union for Decades Slam the Flimsy “Intelligence” Against Russia
George Washington’s pictureSubmitted by George Washington on 07/29/2014 17:17 -0400
Preface: With the shoot-down of Malaysia Airlines Flight 17 over Ukraine turning a local civil war into a U.S. confrontation with Russia, former high-level U.S. intelligence veterans released a statement today urging President Obama to release what evidence he has about the tragedy and silence the exaggeration and rush to judgment. (The whole post is a must-read; but we at Washington’s Blog have added bolding for emphasis.)
Signatory Bill Binney – the former senior technical director at the NSA, and a man who battled the Soviet Union for decades – tells Washington’s Blog:
In my analytic efforts to predict intentions and capabilities down through the years, I always made sure that I had multi-factors verifying what I was asserting. So far, I don’t see that discipline here in this administration or the IC [i.e. the United States intelligence community].
Posted with permission of Veteran Intelligence Professionals for Sanity.
MEMORANDUM FOR: The President
FROM: Veteran Intelligence Professionals for Sanity (VIPS)
SUBJECT: Intelligence on Shoot-Down of Malaysian Plane
Executive Summary
U.S.–Russian intensions are building in a precarious way over Ukraine, and we are far from certain that your advisers fully appreciate the danger of escalation. The New York Times and other media outlets are treating sensitive issues in dispute as flat-fact, taking their cue from U.S. government sources.
Twelve days after the shoot-down of Malaysian Airlines Flight 17, your administration still has issued no coordinated intelligence assessment summarizing what evidence exists to determine who was responsible – much less to convincingly support repeated claims that the plane was downed by a Russian-supplied missile in the hands of Ukrainian separatists.
Your administration has not provided any satellite imagery showing that the separatists had such weaponry, and there are several other “dogs that have not barked.” Washington’s credibility, and your own, will continue to erode, should you be unwilling – or unable – to present more tangible evidence behind administration claims. In what follows, we put this in the perspective of former intelligence professionals with a cumulative total of 260 years in various parts of U.S. intelligence:
We, the undersigned former intelligence officers want to share with you our concern about the evidence adduced so far to blame Russia for the July 17 downing of Malaysian Airlines Flight 17. We are retired from government service and none of us is on the payroll of CNN, Fox News, or any other outlet. We intend this memorandum to provide a fresh, different perspective.
As veteran intelligence analysts accustomed to waiting, except in emergency circumstances, for conclusive information before rushing to judgment, we believe that the charges against Russia should be rooted in solid, far more convincing evidence. And that goes in spades with respect to inflammatory incidents like the shoot-down of an airliner. We are also troubled by the amateurish manner in which fuzzy and flimsy evidence has been served up – some it via “social media.”
As intelligence professionals we are embarrassed by the unprofessional use of partial intelligence information. As Americans, we find ourselves hoping that, if you indeed have more conclusive evidence, you will find a way to make it public without further delay. In charging Russia with being directly or indirectly responsible, Secretary of State John Kerry has been particularly definitive. Not so the evidence. His statements seem premature and bear earmarks of an attempt to “poison the jury pool.”
Homeland Security Agents Raid Home to Seize Land Rover For Violation of EPA Regulations
Well the market has it’s ups & downs, and so does our Gold Train. So how do you get mine products from the high Atacama Desert of Chile down the west face of the Andes to the ocean ports? VERY carefully!
http://www.railpictures.net/viewphoto.php?id=491670
(I see Wanka turning a froggy shade of green looking at this) 🙂
“nostalgia for Obama.”
Now that’s one time or place I’d rather not live in!
Probably nothing happens until the Fed yaps.
I see they’ve dripped the metals right back to negative. The standard 10 am EST drubbing as happens nearly every day. I guess considering the recent strength in the USD we should be happy we’re not down a lot more.
Centerra Gold Reports Second Quarter Results
http://finance.yahoo.com/news/centerra-gold-reports-second-quarter-213000247.html
Newmont says plans to build gold mine in Suriname
http://finance.yahoo.com/news/newmont-says-plans-build-gold-225201378.html
Detour Gold Reports Second Quarter 2014 Results
http://finance.yahoo.com/news/detour-gold-reports-second-quarter-233514620.html
Newmont second-quarter earnings rise marginally
http://finance.yahoo.com/news/newmont-second-quarter-earnings-rise-234321046.html
Newmont raises 2014 gold production outlook
http://finance.yahoo.com/news/newmont-raises-2014-gold-production-003321415.html
OceanaGold announces results for second quarter 2014
http://finance.yahoo.com/news/oceanagold-announces-results-second-quarter-073000988.html
Klondex Mines’ Karen Vein at Fire Creek Yields 7,300 Tons Containing 6,700 Au Ounces from 2nd Quarter Bulk Sampling
http://finance.yahoo.com/news/klondex-mines-karen-vein-fire-103000395.html
Excellon Reports Second Quarter 2014 Financial Results
http://finance.yahoo.com/news/excellon-reports-second-quarter-2014-110000392.html
but lo and behold someone just did some flash short covering in the metals. Who could know?
Can it continue?
EXACTLY!
4.0%. Incredible!
and the hits just keep coming.
One thing is agreed, it’s not a question of IF but WHEN.
Two different point of views.
One Armstrong just posted he’s waiting until the end of the month to determine direction ” de ja vous pour moi,” but suggests golds decline could extended out until September 2015 which would make it four years from the high of September 2011.
That this could be a false Rally.
Another point of view from Elliott wave charting by trader MC, believes we are in a extended wave V going back from 1970.
If so it would then pause or invert in timing.
these look pretty darn close from one another.
http://tradermc.com/articles/gold-elliott-wave-projection-since-1970/
And the currency wars intensify…
“It is important to note that there remain doubts as to the integrity of the gold holdings of the U.S. and concerns that other countries national gold reserves could be encumbered, loaned or sold in the market. Indeed, the Bundesbank is having grave difficulty in having its gold reserves returned from the Federal Reserve in New York.“
“So far in 2014, Russia has now bought substantially more than their entire annual gold production of nearly 1,500,000 ounces.“
When Obama got the Nobel prize, it confirmed the worldwide liberal machine has permeated every faction of influence.
The posting of county government being the last stand is very true. The sheriff of the county I live in stated that he would refuse to confiscated weapons from law abiding citizens.
rno
By: Tom Chatham
As I mentioned in a previous article, we are being overwhelmed with one crisis after another in rapid fire succession. This is meant to keep everyone off balance and prevent any meaningful defense by the population. Before we can react to one crisis another rears its ugly head and diverts our attention causing many to ignore the recent crisis for the new one. Its all planned that way.
So how do we defeat this plan? We cannot fight every crisis with the hope of winning. We can only try to see the bigger picture and build a wall that can keep the problems far enough away from us to carry on with our own agenda.
The final protective line that we have to protect ourselves is the right to bear arms. Without this, we have no defenses against those who mean to destroy what we now have. That being said, the right to bear arms is not necessarily the ground we need to hold in and of itself.
The most logical place to draw our line is at the county line. This creates an area small enough to defend from many different threats but large enough to enable life to continue as we wish. The ability to control the county government and the position of sheriff is where Americans need to circle the wagons.
The ability to control the local government gives the community the ability to resist any state and federal regulations and laws they see as a threat to their well being. The ability to decide what regulations to implement in the community can preserve and protect individual and property rights from outside interests that wish to destroy them. The sheriff provides the legitimate law enforcement authority within the county that can stop the enforcement of destructive policies by outside enforcers working against the community.
But why the county level? This is the last line of defense against outside forces before they get to your front door. Local government is the only level that has daily contact with those it works for and can feel the ire of taxpayers immediately and directly. By controlling the county government and sheriff, communities provide themselves with an island of sanity that they control. The county community has the ability to produce at least some of the necessities they need such as food. They have the benefit of collective security in the form of a police department and services such as medical and fire. They have the ability to utilize an alternative local currency. The community has the benefit of drawing on the skills of the community as a whole.
While most states have diverse groups that can lean left or right and tend to pull against one another, individual counties tend to have a majority of one or the other making a consensus much easier. Those leaning left will likely seek government control and solutions to problems while those leaning right will have more individualistic tendencies that steer them toward local solutions and control. It is the right of center counties that hold the best hope of maintaining a functional economy and society when the system fails in some way. Conservative communities also tend to hold more traditional values that help to maintain law and order during emergencies. The majority of liberals hold the idea that almost nothing is taboo and this allows them to be opportunists and do bad things that society holds as wrong but they see as justified leading to a breakdown in law and order many times.
It is for these reasons that the more conservative counties need to be the ground that is held against those seeking to radically change the nation. Keep in mind the problem-reaction-solution plan that the radicals in the U.S. now use to implement their agenda. By denying the radical elements a foothold in your county you will maintain individual and property rights to a larger degree. From a county level you have a legal structure to fight off unwanted attacks on liberties and freedoms that those in some circles wish to obliterate for the greater good.
This is one of the things you need to look at where you live or intend to go. You need to determine if the residents in this area are right of center and willing to defend their rights as individuals. It is in these areas that you stand the best chance to hold the line against radical change that will undermine yours and future generations.
One only needs to look at progressive areas of the country and see the governments and taxpayers being bled to death by these liberal ideas. They constantly call for more taxes and more government subsidies to maintain the system. They expect someone else to solve the inherent problems with the system as it is as they continue the status quo. The free flow of money is the only thing that keeps these areas together in good times and in desperate times when the cash flow stops they have no plan to fall back on except brute force and tyrannical rule. It is for these reasons that these locations must be abandoned to their ultimate fate.
The only way to insure stability in the future when the system breaks down is for the county institutions to be independent from outside funding sources. This requires the takeover of local government by those that understand the threat and are willing to take measures to reduce the potential damage in the crisis to come. It will depend on these people to educate the community and determine a course of action to limit the damage from a crumbling system.
Dangers are imbedded into county functions by the radical globalists on the left and the right. They make the local government dependant on outside money just as they make the individual dependant on government supports and once this takes root, it is difficult to end just as drug addicts find it difficult to stop the habit that is slowly killing them. The dealer owns the addict just as radical government entities own the recipients of government money. They know this and is the reason they fight tooth and nail to continue funding programs that do more harm than good and prove to be wasteful.
While this article deals mainly with the physical world there is another realm that must go hand in hand with these actions. Those that believe in something can endure far longer than those that believe in nothing. The ultimate victory will only happen when those who wage the good fight have made their peace with God and carry his word in their heart and wear his resolve as armor. Victory in the end must encompass the return to traditional values and rejection of the perverted lifestyles and pure evil institutions we have created. The physical land that is defended must also encompass Christian values if we are to have any future.
This is the ground that must be defended at all costs to insure the constitutional principles that made us cohesive and prosperous will continue in the future. When you ask what power an individual county can hope to wield you only need to remember this tidbit from history.
North Carolina, May 20, 1775
Mecklenburg today became the first county in America to declare its independence from Britain. The safety committee of Mecklenburg, formed to carry out the will of the Continental Congress, took this radical step in response to the British attack on colonists in Lexington and Concord, Massachusetts, last month. The committee called for the election of military officers, declared all colonial constitutions void and said that any person who accepted an office from the crown was an “enemy to his country.”
History may not repeat but it does rhyme. The county level of government is where people can make the most difference in the final outcome. Enough counties can control the state, and enough states can control the national government. This is the battle ground. This is where we need to circle the wagons and dig in for the fight that is to come and if it ends in failure at least you can say you did your best.
http://projectchesapeake.wordpress.com/
“TA is a conflicting barrage of road signs – it is not some magic absolute sure fire way to bet the markets.”
You got that right! Although I do think TA is usually helpful … at times it seems like the PTB take advantage. Every break higher should be sold and breaks lower should be bought. It’s like Opposite Town.
Affordable Jobs, Fed Screwed, Like The ‘20’s
Good Afternoon All And Vronsky Too
(Mr.Copper) Jul 24, 13:00
Just heard CNBC mention “affordable” health insurance.
I remember the first dumb media statement, starting years ago was a need for “affordable” housing.
What next do we need, that these idiots that write what’s told to us? We need?
“Affordable” gasoline. “Affordable” heating oil? “Affordable” food?
“Affordable” auto repairs? “Affordable” taxes? “Affordable” public employees? “Affordable” defense spending?
I think what we really need is an “affordable” honest currency that holds it value, and or affordable jobs. 🙂
Can you imagine a squirrel hoarding acorns for the winter? And the acorns get smaller while they sit there?
The poor little guy will need to work twice as hard and need twice as many acorns. It will also make him look greedy.
@HalfMonty 11:16
(Mr.Copper) Jul 24, 13:11 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”
I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction.
Naturally they blamed “protectionism”, not excessive easy money creation. I read they had 90% margin on stocks back then.
Everybody sustained losses, even people with bank accounts lost money. Today’s “bank accounts”? Real Estate.
Everybody will be affected by these uninsured losses. I also read all immigration was banned in 1934, just like today.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂
@CMH
(Mr.Copper) Jul 24, 13:20
That Dummy/Dollar keeps teasing us. I’m waiting, not patiently, to see it in the 70 area.
Maybe an interesting news item will push it over the edge soon.
Mr Cooper
(SeattleSun) Jul 24, 15:48
I have seen this movie before.
Exited my trading position in PM equities today.
SS
@SeattleSun 15:48
(Mr.Copper) Jul 24, 17:02 <<>>
Roger that SeattleMan, we’ve certainly seen this before many times.
I sold 3 s/t Uran positions when 2 of 3 went under water. Held my s/t MDG, MNG, NTO Gold positions. Took the RNO out on the 19th.
Its just another annoying time delay. Five steps forward and 3 steps back. Sooner or later the dumb as a stump Fed WILL drop rates and propel us imo.
Especially if they see people losing money in the stock market again. Big investor losses after march ’00, and now real estate losses building up.
They MUST be sweating this out. They usually “tap” the brakes (with words lately) on running markets.
If the brakes “lock up” on their own, the idiots WILL probably panic and drop rates.
But really, what good would it do? Buy a little more time? 🙂
@HalfMonty 11:16
(Mr.Copper) Jul 24, 17:19 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”
I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction that could not be over ridden by more immigrants, like now, since they already had too many from prior decades.
Naturally they blamed “protectionism” and the Gold standard for the depression, not excessive easy money creation. I read they even had 90% margin on stocks back then. Geez what idiots, just like today with houses 110% margin.
Everybody sustained losses after the ’29 crash, even people with bank accounts lost money. Today’s “bank accounts”? Are Real Estate.
Everybody will be affected by these heavy uninsured losses. I also read all immigration was banned in 1934, just like today.
Immigrants are inflationary and deflationary at the same time. Drive up rental food tax costs etc, and drive down general wages.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂
So far they are maintaining the status quo US trade deficit with China. They’ve done exactly nothing since day one in that regard, so they MUST want that to go on until the last retail store closes up. 🙂
