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Smokin’! Let’s Roll!
http://www.railpictures.net/viewphoto.php?id=543503
Gold Train
Bill Holter
Friday’s action closed horribly in the U.S. with the Dow losing 530 for the day. This broke away from the support level of 17,200-17,300 which will now become overhead resistance. Global equity markets around the world are in crash mode as more than a dozen are already down 30-50% while the U.S. has just eclipsed the 10% correction zone. My guess is we will see a very weak opening with one or several rally attempts. An exhaustion bottom can be expected in the first half of the week with nervous strength later in the week. This scenario I believe is our best case.
No matter how the week plays out, the credit bubble has been identified, recognized and “pricked”, the equity markets are only a symptom. Do not be fooled by any strength this coming week, it should be used to raise cash. As September moves in, the September-October timeframe looks like a disaster. What may start out as circuit breakers being hit now, will ultimately be the plugs yanked out over the next couple of months. I believe a market closure is in our near term future.
As for gold and silver, these markets are both REALLY tight if you want the physical metal. If you are trading paper metal …oh well, can’t help you. This is the Great Credit Unwind and as such, currencies of all sorts (including the dollar) will take turns crashing. Watch the various sovereign treasury prices and yields (also CDS credit default swaps) as a clue to which country is experiencing an “attack du jour”.
The most likely US/Fed response will be some sort of QE whether they call it QE4 or not, who knows? The Fed will be forced again into further monetization, any talk of a rate hike from here is a complete joke. The real danger lies in what or how the world responds to another QE. Do they hit the Fed’s bid with full force? If I were a foreigner, I would certainly use the Fed as my “exit door” but this remains to be seen. Should foreign central banks (ie. China) sell into the Fed, game over and market closure could be quite rapid as in same or next day.
This is much speculation on my part as to “timing and how” this might all play out. The fact that credit is now unwinding means there is only one question of importance, “when”. Even this has become of less importance as “SOON” has jumped up as the answer. Gold and silver will be your only lifeboats as they are no one’s liability in a world where everything including the money in your pocket is someone else’s liability. IT’S OVER FOLKS! Please do not get caught up in what is mathematically coming!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
Cut in Chinese reserve requirement is imminent
BEIJING — The People’s Bank of China is preparing to flood the country’s banking system with new liquidity to boost lending, according to officials and advisers to the central bank, as a weaker currency could spur more funds leaving Chinese shores.
The step — which involves cutting the required deposits banks are required to hold in reserve — would signal that the Chinese central bank’s exchange-rate maneuvering in the past two weeks is backfiring, forcing it to resort to the same easing measures that so far have failed to help spur economic activity.
The move, which the people say could come before the end of this month or early next month, would involve a half-percentage-point reduction in bank’s reserve-requirement ratio, they say, potentially releasing 678 billion yuan ($106.2 billion) in funds for banks to make loans.
It would be the third comprehensive reduction in the reserve requirement this year. Another option being considered at the PBOC is to only target the cut to banks that lend large amounts to small and private businesses — the ones deemed key to China’s future growth — though that strategy hasn’t proven effective in the past in channeling credit to those borrowers.
http://www.marketwatch.com/story/china-plans-more-steps-to-boost-bank-lending-2015-08-23
RNO mentioned some of this the other day …
by Andy Hoffman
snip
As I watch yesterday’s global equity and crude oil carnage expand this morning, I figured I’d show you a few pictures of just how tight silver supply is becoming. Which, I might add, mirrors 100% the experience of physical gold; except for the teensy, weensy fact that there is essentially no above ground, available-for-sale silver inventory – anywhere. To wit, in the silver world, it is becoming “common knowledge” that no more than two billion ounces of physical metal exists at all – given how nearly all the metal ever produced has been consumed by industry. And given that said two billion ounces includes decidedly NOT “available for sale” inventories – like mine – it’s entirely possible the actual amount one can actually buy is no more than a tenth of that amount. And doing some simple math, the entire two billion ounces is worth just a measly $30 billion or so – i.e., about half of what the ECB’s current QE program prints each month. As for a “tenth” of that amount, let’s just say there are more than 1,000 individual billionaires on the planet – and perhaps 10,000 institutions, Central banks, and sovereignties with that kind of “chump change.”
With that ominous introduction, here are a few of the statistics publicly available from the, generally speaking, highly opaque silver industry. Which, I might add, is not just due to Cartel efforts to suppress information, but the fact that roughly two-thirds of all silver production is the byproduct of other types of mines; including roughly half from copper, lead, and zinc mines – which, based on today’s horrifying, and likely indefinite trends, are on the verge of massive, long-term shutdowns.
Thus, without further ado, let’s start with a chart updated yesterday by metals expert extraordinaire Steve St. Angelo of the SRS Rocco Report; of how inventories at the world’s largest physical silver delivery mechanism, the Shanghai Futures Exchange, have plummeted by 80% since April 2013, to a piddling $115 million worth at current prices (yes, that’s million, not billion). As you can see, August has seen one of the biggest inventory drains on record. And by the way, isn’t it funny how the inventory peak “coincided” with the April 2013 “alternative currencies destruction” raids; in which, in the 36 hours following a now infamous “closed-door” meeting between Obama and the top “TBTF” bank CEOs, physical gold and silver prices plunged by 16% and 20%, respectively? Which, I might add, is the very same month COMEX registered (available for purchase) gold inventories peaked; which, like Shanghai silver inventory, has since plunged by 83%. And speaking of COMEX registered inventories, they have plunged for silver as well; down a whopping 21% since March to a measly 56 million ounces, worth a piddling $875 million at current prices (again, million not billion).
sinclair smokes
something
Sinclair
by Jim Sinclair, JSMineset
My Dear Extended Family, Now the Plunge Protection Team, real in fact and law, has to turn the tide immediately or confidence is gone and so is everything else except monetary gold and silver. Once again the big boys, as in the 1970-1980 period, are about to make the most money over the shortest period of time long on gold and silver. Nothing changes except this might well be the precious metals rally you never sell. There is a sound argument for $50,000 per ounce gold. There is a strong basis to consider the factual lack of physical gold and silver due to the secret buying by the gold banks and super wealthy personalities during the four year decline while pressuring the paper market for precious metals to make the purchases of the physical bullion. I believe that is that is the total story. I have never changed my mind or been told to by the inside, the only ones that really know what the plan is. I am however told that this rally off $1080 gold will be stupendous. –
http://thedailycoin.org/?p=41190#sthash.vYjAKDx0.2lNy7rnL.dpuf
And we will break even for the year.
puptent, silverngold
puptent – me too, same feeling
silverngold – I guess Trump is for real then, because if he didn’t do that there’s no way he could get elected. The beat goes on.
Trump Endorses Netanyahoo
In an unprecedented move, the U.S. billionaire and world-renowned entrepreneur, Mr. Donald Trump, took part in a video showing his support for the Prime Minister of Israel, Benjamin Netanyahu and The Likud Party in general elections in Israel next week: “Vote for Benjamin, terrific guy, terrific leader, great for Israel.”
miss spot is a great mother..keep us up to date
looks like a round the clock operation
Sruffy–I like Steven Leeb–I also like Ted Butler
Butler was saying 20 yrs ago–and saying now that silver was set to soar–they make very cogent arguments…
Did u ever see that cartoon where a guy finds a frog in a box in an old Vaudeville theatre form the 1890s?
For him, the frog does a song and dance number from that era…but when he thinks the frog will make him rich…and he brings someone to see the frog perform…it just sits there and croaks….so far, that’s silver…bring the rally on…about time…but keep posting, I like those articles.
canine health crisis
ms spot pucci had a health crisis, was rushed to the vet, and is now making a nice recovery from eclampsia. as part of her recovery she has to take a two – three day break from her nursing duties. this means that i have been pressed into service as doggie daddy;
spot does not find this arrangement satisfactory. she has has demanded (loudly and repeatedly) to see a lawyer and a bondsman.
How Google Could Rig the 2016 Election
America’s next president could be eased into office not just by TV ads or speeches, but by Google’s secret decisions, and no one—except for me and perhaps a few other obscure researchers—would know how this was accomplished.
Research I have been directing in recent years suggests that Google, Inc., has amassed far more power to control elections—indeed, to control a wide variety of opinions and beliefs—than any company in history has ever had. Google’s search algorithm can easily shift the voting preferences of undecided voters by 20 percent or more—up to 80 percent in some demographic groups—with virtually no one knowing they are being manipulated, according to experiments I conducted recently with Ronald E. Robertson.
Given that many elections are won by small margins, this gives Google the power, right now, to flip upwards of 25 percent of the national elections worldwide. In the United States, half of our presidential elections have been won by margins under 7.6 percent, and the 2012 election was won by a margin of only 3.9 percent—well within Google’s control. Read more
following with scruffy’s lead- Forbes, Trends In Silver Demand By The Solar Photovoltaic Industry
Silver and gold are compared to each other as both metals are viewed by investors as inflation hedges and safe haven investments. However, in addition to its characteristic as a safe haven investment, silver is widely used in industrial applications. It is used in the manufacture of semiconductors, solar photovoltaic cells and batteries, in the fabrication of jewelry, in photography and has a variety of applications in nanotechnology. With the rapid adoption of solar energy across the world, the demand for silver from the solar photovoltaic industry is expected to rise rapidly. In this article, we will take a closer look at the trends in the demand for silver by the solar PV industry.
How is Silver Used in Solar PV Cells
Silver has the highest electrical and thermal conductivity of all metals. This property of silver makes it an important constituent of solar cells. It is used in the form of silver paste, which is used to conduct electricity out of solar cells. Approximately 20 grams of silver are used in each crystalline silicon solar panel, which accounts for around 85% of the total market. Roughly 80 metric tons of silver or approximately 2.8 million ounces of silver are needed to generate approximately 1 Gigawatt of solar power.
Growth in Installed Solar PV Capacity
Globally, installed solar capacity stood at 139 GW at the end of 2013. Installed solar capacity has risen exponentially from a paltry 1.3 GW in 2000. Most of this growth in installed capacity in the past has come from Europe, particularly Germany, with favorable government policies facilitating the incorporation of a greater share of renewable energy into the country’s energy mix. Europe accounted for around 75% of global installed solar PV capacity in 2010. However, the pace of new installed capacity in Europe is expected slow down due to a reduction in incentives for PV installations in some major markets, such as Germany. Read more
It continues….could get interesting if Holter’s right
Gulf Markets Melting Down: Saudi Arabia Plunges 7%, Dubai Sold
Submitted by Tyler Durden on 08/23/2015 – 11:20 
Following the end of a horrible week for petroleum importers (not to mention shale producers) despite WTI briefly dipping under $40 (wasn’t this supposed to be great news for the US economy?) we have the start of a just as ugly week for the Persian Gulf oil exporters, whose Sunday market open can be described as a continuation of last week’s broad risk carnage, and where Saudi Arabia, until recently the region’s best performing market, is now down 10% for the year and down 30% compared to 12 months ago.
Natural News
Health Ranger mini-documentary may save you from financial disaster
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The market plummeted over 1,000 points in the last week alone, and far worse is yet to come.
If you haven’t yet watch my mini-documentary called “Systemic Market Crash” (released several weeks ago), this is a MUST-SEE video that explains the unseen risk in global debt, currencies and markets. |
Auandag/Scruffy
Please don’t stop drinking the Kool Aid so you can tell me more of your fantasy stories. Neither the Fed, nor the Banksters collectively, have the liquidity to rig a primary bear market…save for small bursts of diminishing fire powder. Acknowledged that the retail sector is now a small factor…yet they own over 17 Trillion in retirement accounts. No, not the poor and not the wealthy…just what’s left now of the upper middle class.
So, the Boyz own nearly everything and go on the Titanic to celebrate. As the ship goes down they are pushing women and children off the few available life rafts. Even big money has it’s limits.
Scruffy @ 10:10-Yeah they already pretty much own all the stocks anyway.
If the markets crash it will be because they want them to.