Here's Mickey Fulp's Monthly Major Market Review for May 2014:

Stocks markets still going up.

Gold down, silver down, platinum up, palladium up, copper up.

Energy-oil up, nat gas down, uranium down again.

Dollar up, Euro down, 10Yr yield way down, bitcoin way way up!

 

Direct download: MIckey_Fulp_02.Jun.14.mp3
Category:general -- posted at: 1:39pm EDT
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Bill Holter of Miles Franklin joined us today. Seems there's a cognitive dissonance problem with the American Public. They know there's something very wrong with the economic engine of the United States, but they're too scared to look under the hood to see the rubber band propulsion system that's being driven by a hamster that's about to die. But like it or not, they're going to find out very soon. 

Direct download: Bill_Holter_03.Jun.14.mp3
Category:general -- posted at: 11:55am EDT
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Kris Miller was back on the show talking about some extremely safe investments that are throwing off amazing returns. No wonder she's known as the Money Maestro. She's chock full of cutting edge investment ideas that you just won't find elsewhere. Since she's not a stockbroker or sales type person, you can take it or leave, but at least listen to what she's saying. She's as worried about the dollar as you and I. But for now, we all need income. 

Direct download: Kris_Miller_02.Jun.14.mp3
Category:general -- posted at: 4:30pm EDT
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As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the problem was hidden by some statistical sleight of hand, in this case wildly-optimistic inflation assumption Here’s an excerpt from the Consumer Metrics Institute’s just-published analysis:May 29, 2014 – BEA Revises 1st Quarter 2014 GDP Sharply Downward to Outright Contraction at Nearly a 1% Annual Rate: In their second estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was contracting at a -0.99% annualized rate. When compared to prior quarters, the new measurement is down over 3.6% from the 2.64% growth rate reported for the 4th quarter of 2013, and it is now more than 5% lower than the 4.19% reported for the 3rd quarter of 2013.

Direct download: John_Rubino_02.Jun.14.mp3
Category:general -- posted at: 3:52pm EDT
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Seth Peretzman has been selling precious metals for a while. He sees the current price action as the classic set-up. Metals get slammed going into the summer making for their cycle lows and then setting for the rally that we all know is coming. Perhaps we'll break $1200 for gold, but it appears that we're very close to the bottom in silver. Some may accuse us of being cheerleaders for the metals, but nothing could be further from the truth. In reality, we're just observers of human nature and we've seen this play over and over again throughout history. Unfortunately, history is no longer taught in American schools, so the vast majority of Americans won't know what happened until it's too late. 

Direct download: Seth_Peretzman_02.Jun.14.mp3
Category:general -- posted at: 3:13pm EDT
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Manipulation Mondays with Andrew Hoffman:

  • ISM dropped from 55 to 53 but corrected to 56 after seasonal adjustment;
  • Construction spending was awful;
  • Chicago PMI awful;
  • Birth Death fix for this May is same as last May;
  • Japanese and Chinese data awful and off the charts;
  • 2/3 of all the world’s PMI’s are negative;
  • ECB meets on Thursday—what will they do;
  • Gold never allowed to go up and Stocks not allowed to go down. 
     
     
Direct download: Andy_Hoffman_2.Jun.14.mp3
Category:general -- posted at: 2:22pm EDT
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