Mon, 15 September 2014
Peter Grandich says that everyone is down on gold and this could be the final down leg down. While timing is always tricky, the near universal bearish sentiment could be the best indicator that the triple bottom will be the final bottom for the yellow metal. While retail investment demand for the gold is near non-existent, there's still plenty of jewelry demand and it might not take much to get it going higher again. Remember, the black swans are still circling.
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Mon, 15 September 2014
There's an emerging trading block-the BRICS-that could and probably will eventually challenge the Dollar's primacy. When is the question? Right now the world's economic system is truly on the edge. If the Dollar's reserve currency status gets upended now, will it cause global chaos, especially if the United States fights back? And will we wind up with chaos anyway due to the insane actions of the world's central banks? John and I discuss these questions and more on today's dicussion.
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Mon, 15 September 2014
Manipulation Mondays with Andrew Hoffman: Secession - - 1.8 million Catalonians rallied Friday for secession, 25% of Spanish tax revnues -Majority of Venetians favor secession, 10% of Italian GDP -Scotland 50% odds of "yes" vote Wednesday, would destabilize all of Europe (and Scotland would own 90% of North Sea oil revenues)
Articles: "SECESSIONIST MOVEMENTS GAINING MOMENTUM"; "WEST TO EAST, GLOBAL ECONOMIC COLLAPSE"; "COMMODITY CRASH"
Collapsing global economy -IMF reduced global GDP forecast, World Bank warned of global jobs crisis -China, worst GDP growth since 2008, worst capex growth since 2001, negative yoy electricity output -Japan, all economic data dramatically revised downward last week, Abenomics to end in April with Japanese economy/inflation (i.e., the "Misery Index") at multi-decade lows- -Europe - QE set to start next month and NIRP expanding to the point it may catalyze bank runs (i.e., backdoor bail-ins)
- Article - "WE ARE AT THE LOWER BOUND"
-"Strengthening dollar" fallacy, as emerging market - and ALL - currencies plummeting, per the expansion of the "FINAL CURRENCY WAR" circa 2011-12 that keeps gaining momentum.
Articles: "THE LOWEST INFLATION IN FIVE YEARS"; "THE SINGLE MOST PRECIOUS METALS BULLISH FACTOR"; "IF A NUCLEAR BOMB DESTROYED EUROPE…" (publishing today)
-COMEX manipulation, as silver open interest explodes despite plunging prices - Harvey Organ believes Chinese no longer able to source metal, end is nigh
-Russian sanctions, upcoming blowback (especially with Ruble at all-time low)
-FOMC meeting Wednesday, ECB TLTRO uptake announcement Wednesday, Scottish vote Thursday
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