on Precious Metals (2011)
Jim Rickards predictions for 2012. Posted 12/31/2011. Several
predicts. Predicts QE3 by May or so.
Billion Redeemed From US Equity Mutual Funds In 2011, 34 Of 35 Consecutive
Weekly Outflows. Posted 12/29/2011. An all time record outflow
for any year in which the S&P closed even nominally positive for
Run On The Global Banking SystemHow Close Are We? Posted
12/27/2011. Discusses the implications of the MF Global bankruptcy
scandal. The MF Global scandal has made it clear that the integrity
of the system has disappeared...As I write this, a lot of investors
whom I know personallywho are sophisticated, wealthy, and not
at all the paranoid typeare quietly pulling their money out
of all brokerage firms, all banks, all equity firms. They are quietly
trading out of their paper assets and going into the actual, physical
asset. Note that theyre not trading into the assettheyre
simply exchanging their paper-asset for the real thing. Why? MF Global."
Republic, Lost. Posted in Nov, 2011. Lawrence Lessig examines
the way in which money links every issue that Americans both
liberal and conservative care about. "Money buys results
in Congress." That belief erodes trust. Low trust
Silver Fundamentals Explained 3 - Office Series 9. Posted 12/29/2011.
Fun video on what one billionaire could do to the price of silver.
Gold, Silver And Platinum Will Respond To ECB's Money Printing.
Posted 12/22/2011. The author believes that Europe is going to see
significantly better nominal growth levels than the assumptions gave
it credit for. It is also going to see a lot of monetary inflation,
at least over the next 3 years. The money supply in Europe will exponentially
increase, on a scale that will exceed that of America and Britain.
Gold and silver will inevitably rise in direct response to this monetary
European Central Bank Loses Its Virginity. Posted 12/23/2011.
Gonzalo Lira explains how the recent ECB bailout will cause SPG (Spain,
Portugal, and Greece) to ultimately exit the EuroZone. This assumes,
of course, that the money the banks receive from the ECB will be used
to buy sovereign debt. Other commentators suggest that only a fraction
of that money will be used for that purpose, and that the bulk will
be used to shore up other bank debt obligations.
Fed vs The ECB - Presenting "The Correlation Of 2012" And
What It Means For Gold. Posted 12/23/2011. In the last six months
the ECB has printed more than the FED did in all of QE2. However,
gold has not (yet) reacted to this reality. The expectation is that
it will happen in 2012.
Outlook for Gold in 2012. Posted 12/21/2011. Investors are leveraged
100:1 on paper gold assets.
Russell issues a super-bearish warning. Posted 12/21/2011.
dramatic housing trends closing out 2011. Posted 12/21/2011.
Impact of overstating home sales, foreclosure wave will return in
2012, and a very creative agent picture of a property.
Platt believes this time is significantly worse than 2008. Posted
12/21/2011. Hedge fund manager of $30 billion who made money in 2008.
Platt is not a permabear by any means. He caught the rebound nicely
in 2009 but now believes the prudent thing to do is completely avoid
risk for the time being as better opportunities will come down the
road for those who stay liquid.
Silver Rush at MF Global. Posted 12/19/2011. Also posted here.
supply explosion will lead to accelerating inflation. Posted 12/17/2011.
Singularity or the point where the gold price goes to theoretical
infinity, is in February 2014, only 26 months away. Unless this long-term
trend (since the 1900s) is somehow broken, gold is also telling us
the dollar is heading for hyperinflation.
Bass on the Fate of the World. Posted 12/16/2011. Must watch video.
Coming Collapse might be your Final Chance to Legally Buy Physical
Gold this Decade. Posted 12/14/2011. This is a repeat of 2008.
Unwind Continues As Global Liquidity Scramble Accelerates. Posted
12/14/2011. Suggests that the drop today (nearly 4% in gold and 8%
in silver) ) was as a result of European banks running out of USA
dollars. Having already dumped U.S. safe-haven securities, they are
only left with gold and silver to dump.
Fed Dollar Swap Intervention: Central Bank Liquidity Injection Half
Life Two Weeks. Posted 12/14/2011.
is in the Streets - Time to Review the Fundamentals of Precious Metals.
Fundamentally nothing has changed. Review the facts.
Bank Appetite And The Monetary Case For $10,000 Gold. Posted 12/12/2011.
Latest estimates predict global central banks will purchase between
475-500 tons of gold in 2011. While the price of gold has followed
the same upward path as money supply over the past 14 years, it hasnt
been able to keep pace with M2 growth. Based on M2 growth, gold would
be greater than $5,000 per troy ounce if just half of global money
supply were backed by gold.
We Overcounted Home Sales for Five Years. Posted December 13,
2011. Data on sales of previously owned U.S. homes from 2007 through
October this year will be revised down next week because of double
counting, indicating a much weaker housing market than previously
for Housing. Posted December 12, 2011. Excellent article on housing
prices over the last three decades. Predicts bottom in the 2013-2014
Minutes: Prosecuting Wall Street. Posted December 4, 2011. It's
been three years since the financial crisis crippled the American
economy, and much to the consternation of the general public and the
demonstrators on Wall Street, there has not been a single prosecution
of a high-ranking Wall Street executive or major financial firm even
though fraud and financial misrepresentations played a significant
role in the meltdown. We wanted to know why...
September gold purchases leap sixfold. Posted December 1, 2011.
The Chinese mainland imported about 140 tonnes of gold via Hong Kong
in the 3rd quarter of 2011, more than the roughly 120 tonnes for all
Bass redux. Posted December 1, 2011. Hour-long interview full
of information. Kyle sees a forest-fire crisis coming as early as
end of December, 2011.
outlook severe. Personal savings of the Japanese population is
forecast to be below zero by the middle of 2012. Their ability to
fund themsleves internally is coming to an end. We believe that Japan
would have a bond crisis of is own within the next two years without
the current European debt crisis. The European debt crisis will simply
act as an accelerant to the Japanese situation....We believe that
this sequence of events is set to begin in the next few months (beginning
with defaults in Europe).
Laws Were Broken. Posted November 28, 2011. The IMF is bailing
out the EU at nearly $800 billion. Discusses the MF Global scandal
(i.e. more than $1 billion of missing customer funds) and lack of
Silver For A Monetary Collapse? Part 1. Posted November 21, 2011.
Includes gold-silver ratio and DOW-gold ratio charts.
your grandfathers Republican Party; President Obama and Mitt
Romney are Nearly One and the Same! Posted November 25, 2011.
Mish endorses Ron Paul and contrasts him to the other candidates.
"As preposterous as it may have sounded at first glance, Obama
and Romney are nearly One and the Same! Neither will tackle the budget
deficit. Both will keep military spending intact....To be fair, Romney
is more likely to start a devastating trade war with China (in fact
he has guaranteed it), while president Obama is more likely to waste
money on social programs and big labor....The simple fact of the matter
is: it does not matter much if you vote for Mitt Romney or Barrack
Obama. Both will destroy the country. Both support wars. Both will
spend the country into the ground (but perhaps in different ways)."
Wars - Russia Officially Adds 19.5 Tonnes of Gold Reserves in October
Alone. Posted November 25, 2011. It was the first time in recent
years (since French President de Gaulle 35 years ago) that a head
of state of one of the larger and more powerful G8 global players
has expressly endorsed its central bank buying gold and probably the
first time that a head of state has been photographed many times holding
and admiring gold bullion bars.
Threat. Posted November 16, 2011. Watching the farce of Americas
political theater play out, its clear that this ticking time
bomb will go off after Election Day 2012. As polarized as voters are,
and as dismal the federal balance sheet is, theres little chance
of society keeping it together afterwards.
Debt To GDP Map: French Contagion. Posted November 15, 2011. This
morning CNBC interviewed Blackrock's CEO Larry Fink, who said liquidity
is vanishing everywhere in Europe. He sees a major crisis erupting
in the markets in the next two weeks if major action if major action
is not taken.
Debt Crisis: You Haven't Seen Anything Yet. Posted November 14,
2011. Though the daily market gyrations might indicate otherwise,
realization is beginning to creep in that the European debt crisis
and its effect on the U.S. will not take days, weeks or months to
unwindbut years. How many years is up for debate, but a common
range bandied about among investment experts is two to five.
Million Homes (19%) Face Foreclosure; 50% of Mortgages Underwater.
Posted November 9, 2011. Nearly 20% of homeowners will, at some point
during this crisis, fall into the delinquency/foreclosure process.
That is a massive number. Out of 100 homes that may be in your neighborhood,
on average, 20 of the homeowners will not be able to make their monthly
Silver Investment Going Parabolic. The volume in September of
this year was more than six times that of the same period in 2010.
Chinese silver trading is largely a paper market today. These paper
silver contracts are redeemable in silver bars at the banks yet the
banks do not have the silver. Curiously, the Chinese word for Bank
is literally translated as Silver House.
Facts That PROVE The EFSF Doesnt Matter
At All. FACT
#1: Europes entire banking system is leveraged at 25 to 1. FACT
#2: European Financial Corporations are collectively sitting on debt
equal to 148% of TOTAL EU GDP. FACT #3: European banks need to roll
over between 15% and 50% of their total debt by the end of 2012. FACT
#4: In order to meet current unfunded liabilities (pensions, healthcare,
etc) without defaulting or cutting benefits, the average EU nation
would need to have OVER 400% of its current GDP sitting in a bank
account collecting interest....Europes ENTIRE banking system
(with few exceptions) is insolvent. Numerous entire European COUNTRIES
are insolvent. Even the more rock solid countries such
as Germany (who is supposed to save Europe apparently) have REAL Debt
to GDP ratios of over 200% and STILL HAVENT RECAPITALIZED THEIR
BANKS....What happened in 2008 was literally just the warm up. The
REAL DEAL is coming in the next 14 months. And its going to
involve corporate, financial, and sovereign defaults.
Hedges: "This one could take them all down." Regarding
Occupy Wall Street movement. What happens is in all of these movements
... the foot soldiers of the elite -- the blue uniformed police, the
mechanisms of control -- finally don't want to impede the movement
and at that point the power elite is left defenseless.
Sprott, Financial Sense NewsHour 19 Oct 2011. Discusses silver
purchases being equal to gold in dollar amounts.
Will Surpass 100% Debt To GDP On Halloween. Posted October 19,
2011. As of today, total US Debt, is $14.942 trillion. Q2 GDP as was
reported by the BEA three weeks ago, was $15.012 trillion. Tomorrow
the Treasury will announce approximately $99 billion in 2, 5 and 7
Year bonds to be auctioned off October 25 through 27... with a very
appropriate settlement date: October 31.
Turk's AIER speech. Presented in late July, 2011. James Turk outlines
why gold should be considered "money" rather than an investment,
and why the fiscal policies of governments and central banks all over
the world are robbing paper currencies of their purchasing power.
Commercial Silver Net Shorts Lowest in Eight Years. Posted Friday,
October 7, 2011. Large traders the CFTC classes as commercial
report lowest combined net short position for silver since April 1,
2003. COMEX Commercials reduce net short bets on silver by 60% past
month as silver drops 28.5% - position suggests low confidence in
lower silver prices.
2011) News to expect in the coming weeks. Posted by Dr. Pippa
Malmgren. Outlines the events to occur in Europe--i.e. Greece default,
Germany leaves the Euro, Euro (and European banks) collapses and the
US dollar rises, inevitable need for QE3. If huge liquidity is thrown
at the problem then it will lean toward US Treasuries and hard assets.
Gold, agricultural assets, and energy prices will rise.
Happening with Gold? Posted September 27, 2011.
& Silver Bubbles, Panics and Stink Bids. Posted September
26, 2011. Panic buying on this price drop.
China Ready To Pull The Plug? Posted September 16, 2011. China
is discreetly moving to dump U.S. debt.
Gold'. Posted August 29, 2011 by Jeff Neilson. "We are currently
living through a period of unparallelled economic crisis....We are
facing (simultaneously) the most extreme inflationary fears in history
and the most extreme deflationary fears (i.e. a solvency crisis).
And...there is strong risk that we will simultaneously experience
the worst deflationary collapse in our history combined with hyperinflation....Gold
is the only asset class capable of outperforming other asset classes
in either an inflationary or solvency crisis."
Matter! What the Price of Gold Tells Us About the Value of Other Assets.
Posted July 22, 2011.
Coin Act. Posted June 23, 2011. Discussion on the ramifications
of the act (i.e. making gold and silver legal tender for intrastate
transactions) and other states considering it.
Silver the greatest investment of the next 10 years. Posted April,
2011. David Morgan is the presenter.
Collapse - The Case For $20,000 Gold - Mike Maloney (FULL PRESENTATION).
Posted August 16, 2011.
Way Out, Part 1. Posted August 9, 2011. By James Puplava. Basically,
we are doomed.
Reasons Why Gold Is The Gut Reaction And Why Silver Is The Smart Decision.
Posted August 9, 2011.
The Next Big Bull Market. Posted August 5, 2011. Jim Rogers, "Agriculture
prices are still, on a historic basis, extremely depressed, and in
my view I'll probably make more money in agriculture than other things."
Credit Constraints. Posted July 18, 2011. Sean Egan of Egan-Jones
Rating Co. "The US debt to GDP ratio is on par with Portugal."
Bond haircut will be about 70% for Ireland and Portugal and 90% for
On The Debt. Posted July 27, 2011 by Karl Denninger. A must read.
"The Federal Government borrows about 43 cents of every dollar
it spends. This is, approximately, what you would be doing if you
made $100,000 a year but spent about $175,000, each and every year
for the last three years. Would you be able to get away with that?"
10 Facts About The Financial Condition Of American Families That Will
Blow Your Mind. Posted July 25, 2011.
Fiat Money Produces Endless Sea of Wars, Debt, Social Inequality,
Economic Bubbles, Rampant Consumerism, Environmental Rape; Why Gold
is the Answer.
Truth About Budgets. Posted July 18, 2011 by Karl Denninger. A
Screaming Fundamentals For Owning Gold And Silver: Chris Martenson.
Posted June 29, 2011.
Martenson developed the "The Crash Course" which explains
the hyperinflationary event, among other important concepts.
Crises and Imperial Collapses presented by Niall Ferguson on May
Crises and Imperial Collapses transcript in PDF.
plays Europe card. Speculation on how China is accumulating gold
via support for the troubled Southern European countries (i.e. the
PIGS). Dated January 26, 2011.
buys 47% of the Worlds Gold. Posted March 10, 2011.
buying silver hand over fist. Posted March 21, 2011.
buying all the gold she could lay her hands on. Posted February
silver than you imagined. Estimates 10 billion ounces of silver
above ground and 510,000 metric tons of known silver reserves worldwide--i.e.
silver that has been located and is currently being mined or is slated
for future mining.
Vieira Interview with James Turk. Mr. Vieira talks about how several
states are contemplating legislation to allow gold and silver as alternative
Stimulus is Proving as Disastrous as FDR's New Deal. Posted July
6, 2009. A correct reading of the disastrous New Deal which prolonged
the economic recovery in the 1930's Great Depression.
mining will roughly peak in 2020. Posted November 29, 2010 by