Potential Market Directions
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Chris Martenson, Founder of Peak Prosperity, discusses his concerns for deflation and an upcoming fall in the markets.
- Segment 2: CEO of Corvus Gold, Jeff Pontius chats about the supply and demand metrics in the gold market.
- Segment 3: Dan Kurz of DKAnalytics.com discusses international macro-economic issues.
- Segment 4: Round Table with Richard Postma, AKA Doc, and Gary Savage of Smart Money Tracker discuss potential market directions and the reasons for them.
Hour 2:
- Segment 5: Brien Lundin of the New Orleans Investment Conference discusses the recent major sell off in gold.
- Segment 6: President and CEO Chuck Provini and Chairman Brien Lundin of Natcore Technology provide an update on the solar company that continues to make strides in lowering costs and improving efficiencies.
- Segment 7: Gary Christenson of the Deviant Investor chats about how discouraging politics have gotten in the US.
- Segment 8: Glen Downs, Chief of Staff to Congressman Walter Jones, joins us to focus on the Medias influence in presidential races.
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Here’s a good article from Axel Merk from earlier this week.
Coming Out – As a Bear!
Wednesday August 05, 2015
http://www.kitco.com/commentaries/2015-08-05/Coming-Out-As-a-Bear.html
Thanks for the link.
I like Axel, and someone posted a video link of this earlier in the week, but I saw the article and thought others may like his thoughts on the markets.
Gold & Silver: Are you Feeling Bearish Yet?
Wednesday August 05, 2015 – Avi Gilburt
http://www.kitco.com/commentaries/2015-08-05/Gold-Silver-Are-you-Feeling-Bearish-Yet.html
Anyone who says that for the past number of years we have not been in a bear market simply does not understand markets.
At this moment in time, my opinion is that we are in a bear market but ready to break out of it.
Yes, that was Avi’s conclusion as well. He thinks we are getting ready to have a Wave 4 up very soon, followed by the Wave 5 down that takes us to the lows for the year in PMs.
Al, I get it….”this time it’s different” You are kidding, right? we have not even broken $1000.00 yet, when we do….watch out below!
Jordan usually has good thoughts on the Precious Metals, Miners, and general markets.
Worth a few minutes to see the charts he posts in the presentation.
Precious Metals Market Update: Gold Struggling to Rebound
AUGUST 06, 2015 – Jordan Roy-Byrne
http://palisaderadio.com/precious-metals-market-update-gold-struggling-to-rebound/
I actually think there is some better content in the prior interview with Jordan Roy-Byrne.
Check out the longer term charts in this one. Good thoughts to consider.
Precious Metals Market Update: What’s Next for Gold, Gold Miners & Stocks?
http://palisaderadio.com/precious-metals-market-update-whats-next-for-gold-gold-miners-stocks/
I did not realize that Jordan was still doing his site. Good for him.
Yes, he has his site, but he also posts a weekly gold update on Palisade Radio. He’s a pretty sharp technician and would be a good guest for a weekend show or special show some time.
Gold & Silver Approach Major Support
Morris Hubbartt
posted Aug 7, 2015
Dow Broken Neck – Video Analysis (Worth the time to watch this Dow video)
Morris Hubbartt – posted Aug 7, 2015
http://www.superforcesignals.com/video/2015aug6dow/2015aug6dow.html
Another thanks for the link, Shad. Let’s see what Charley thinks about this.
I’d love to get Doc Charley’s thoughts on the Dow Broken neck video.
Shad, thanks for the video. On the daily, he makes some good points as regards the Dow broken neck. More importantly is the fact he brings up the monthly charts which I’ve been referring to since early July. The most important is the MACD. I mentioned in early July that there was subtle change for the first time in months to years. That subtle change was the fact that the 12 month MA of the MACD was dropping just below the 26 month MA of the MACD. I mentioned to expect that to potentially widen in August thus signalling a correction coming. It’s done exactly that.
Thanks Doc. Yes, I believe you are a very sharp technician and I value your daily input and just want you to know it is greatly appreciated.
Great insights as per usual on the monthly charts and the MACD cross. I’ve been in agreement with that same basic outlook, and thought that video from Morris was interesting as well.
SIL versus GDX – Morris Hubbartt
http://www.321gold.com/editorials/sfs/hubbartt080715/silver_vs_gold.png
Here is a Seasonal Silver chart – posted from 321Gold. It indicates that often August is still a rough month for this metal. It leads me to believe that we’ll likely see a move up in Gold first, before Silver or the PGMs. That is what we saw a few times earlier this last week. Gold would start to move up in the green, with the other 3 metals in the red, and then mid-day, they’s all turn up into the green, and then fall some for the balance of the day.
In contrast – Here is the Seasonal Gold Chart – posted from 321 Gold.
Notice how August tends to have a nice bump up, followed by a selloff into September.
This is why I think we may see the bump in Gold first before the other metals (as mentioned above). This would tend to agree with Avi’s comments in the article above about a Wave 4 up about to begin and then a Wave 5 down to the lows, which finally washes out all sentiment in the sector.
BTW – On the Gold Seasonal chart above, notice after this late August/early Sept selloff how things look for the rest of September. 🙂
If the fed hikes rates in Sept, or we get the big correction in the S&P or Dow indexes, then it may be a chaotic month. This could be the kind of environment where this September spike plays out again. It would be more severe of a rally in September, if after we get a bump up in August, that Gold is then taken down to a new low near the $1044-$1033 zone in late August/early Sept.
** I noticed after posting it that the Seasonal Gold chart above only went through the time period of 2007, and needs and update.
—> Here is the other Seasonal Gold Chart we had been posting earlier this year, that runs through 2012. Notice how August & Sept look on this chart for Gold.
This looks more likely if we find out next week that we really have started to bounce for a bit and that the US dollar is going to in fact keep weakening (For the short to mid-term).
** Here is the other Silver Chart we had posted earlier in the year from seasonalcharts.com. I could see August and September looking similar.
One last set of Season Gold Charts over a 5 year, 10 year, and 20 year period of time. It is interesting to see how the last 5 years (encapsulating the bull market we’ve been in) looks on a seasonality perspective.
Then again looking at the chart from this article at the bottom (go down to the bottom of the article on click on the chart to enlarge it) – It is easy to see how the move down to $1044-$1033 or even $1000 is still a very real potential, if we break below $1076 next week or break below the trend line in the Monthly charts falling wedge pattern.
http://thegoldforecast.com/video/slightly-less-perfect-jobs-report-muffles-activity-direction
Nice chart tutorial on gc and si seasonals….Mahalo.
Thanks mj12. Have a prosperous week.
Shad, I think PM will be fine in a long run. My real concern is with uranium companies. What do you think about uranium sector? It seems that U price has’t moved much but all the small and mid size companies have been losing badly. They have more to do with oil than uranium. Only one which has been holding well is cameo. Is this sector still worth investing or not?
Sorry Cameco not cameo,
Auto correction by phone
Gotta leave these to Shad as I am not currently bullish at all on uranium.
I am a much bigger bull on Uranium than almost any other commodity right now Lawrence. I’ve been trading Uranium stocks since 2010, and follow about 40 different stocks. I made the most money this last week on Ur-Energy (URG).
There is no doubt that the markets over-reacted to the Fukushima disaster in 2011, and if you can believe it, the Bear market in Uranium stocks has been even worse than in Gold and Silver. The difference is that Uranium is not a currency or inflation hedge, is not really loved by the metals group or the energy group, and has a much smaller market. The moves can come on suddenly and move up or down very quickly.
The spot price of Uranium has been in no-man’s land because everyone is collectively waiting on the Japanese reactor restarts. This makes sense, but also in a way is silly, since Japan is only 10% of global demand. The discussions from Germany that they want to phase out nuclear are also mostly irrelevant since, in this space Germany is a pimple on a flea.
The real players are the United States, Russia, France, South Korea, China, and then the emerging markets like Turkey, India, United Arab Emirates, and many countries developing in the Middle East and Africa are building or have plans to build reactors. Supply is often sourced from higher conflict areas like Kazakhstan, Niger, and Nambia, but large amounts are still mined in Australia, Canada, and the US. Almost every Uranium expert I follow sees 2016-2017 as the turning point years, and then a huge supply shortfall in 2018-2020 that will spike prices beyond belief.
For now 2/3 of the way through 2015 we are on the front side of the supply/demand equation, and I personally messed up and thought the lows in the miners were from the end of 2014 and spring of this year. Apparently we just got them in spades this summer though. I averaged down in a major way in July and have had some very nice returns swing trading the rallies and then waiting for another drop (so it has not been a market for those that like to buy and hold…….until now).
Also, I have posted a number of times that there have been 4 big mergers and many mines or assets being sold to the bigger players, so the consolidation this summer has reached levels I’ve never seen before, and this tells me we are in that bloodbath phase for this sector.
My outlook on Uranium miners is very favorable, and the good news is that there are not many producers to choose from now that more and more keep consolidating. For example, Energy Fuels has acquired 3 different companies that I held separately in just the last 2-3 years, and purchased assets from other miners. They are now the largest US producer of Uranium, and plan on feeding the US markets, who BTW imports 90% of the Uranium we use in Nuclear power plants, and to power nuclear submarines. Can you imagine what it would be like if we had to import 90% of the Oil we needed? My point is that I’m looking for supply sources in Canada and the US without so much political risk.
Here are the main producers in the space: Cameco, Areva, Uranium One, Energy Fuels (now merged with Uranerz), Ur-Energy, Uranium Energy Corp, Rio Tinto has a uranium division, and Paladin. Most have just absolutely had their butts kicked (including Cameco) but there has still been money to be made.
For example, prior to their legal issues Uranium Energy Corp (UEC) had a huge move a few months ago when some bigger investors got in for their liquidity and promotion from people like Marin Katusa. I only caught the tail end of that, but still made some nice profits and sold out too early, but missed the big drop. I had a nice position in Uranerz, and when Energy Fuels bought them out I made about 20% return. I had a position in Anthem Energy, and they just got acquired by Boss Power and had a name change to Eros, but I made about a 12% return on that takeover so far, but held those shares as I expect more upside once the marketplace realizes that this even happened and it is very thinly traded at present. Most recently, I purchased a great deal of Ur-Energy around $.61 and sold 2/3 of that position just yesterday (Friday) at $.76 for a 24% return, and kept 1/3 in case it keeps climbing on Monday. So there have still been opportunities to make money for those that positioned themselves in takeover targets and bought on extreme oversold conditions.
There are also 2 companies that can move into production relatively quickly that permitted mines on standby, a pipeline of projects, and make money in odd ways like tolling agreements & and both do environmental cleanup of prior mine sites:
– Denison and Uranium Resources. I like both of these companies for the longer term, but they’ve been destroyed lately. Interestly, they also both just made big acquisitions: Denison is taking over Fission, and Uranium Resources is taking over an ISR producer in Turkey (Anatolia Energy). I just took out a nice position in both in late July and am about par on DNN and a little underwater on the URRE position at present, but expect them both to pick up some steam later this year.
Lastly there are a ton of exploration companies that I think will not go anywhere in the near future, UNLESS, they get taken over by a larger producer. There are about 30 of these companies and most aren’t doing very much at present due to the depressed pricing. I hold a few of them as potential takeover targets, but these have been “dead money” for me for a little while.
Overall, I feel this Uranium market is Very misunderstood, people don’t understand how the longer term supply contracts work, the differences in economics for the traditional hard rock mines versus the insitu mining, or how Russia has been very smart in processing their high grade tailings and getting rid of Uranium stockpiles for weapons for the last 4-5 years. We are near a tipping point though, where the longer term supply contracts expire in the next 2 years for most of the producers (currently they range from $50-$60 per lb.) and the spot price will make a dramatic adjustment over the next year or two as a result. In addition, the news event that will spark the interest will be the Japan situation and there were some positive news releases recently that indicate we’ve arrived near that juncture.
I’m going to stick my neck out and say that for those that take positions in the main producers, near-term producers, and a few key exploration companies over the balance of this year, should at least double or triple their earnings by the end of 2017, with some stocks being 4-20x baggers depending on how small and if they get taken out. If you have nerves of steel and are a real contrarian investor, then I think the setup we have now is amazing. In a few years people will dream of prices like we have currently in these producers and miners, and so even the long term holders may be wise to allocate a little funny money to this sector.
My top picks for companies that will survive if these prices persist longer are Energy Fuels, Ur-Energy, Denison, Uranium Resources, and Uranium Energy Corp. I’ve owed Cameco, Areva, and Uranium One in the past but don’t think there is as much upside in these giants, and it would be like investing in Goldcorp or Barrick in Gold as an analogy.
Good luck to you Lawrence, and it shouldn’t be much longer now before this sector is hot once again (3-6 months). Definitely in 2016-2017.
Thanks for the info Shad. I’ve been researching the uranium sector recently, and finally stuck my toes in the water a few weeks ago with URG. I bought around the mid 80s near recent support and at the end of a descending triangle hoping for a pop up. As you know it unfortunately continued down to .60, but has recently recovered nicely with their quarterly earnings. I see you took profits on this bounce to the mid 70s. I was considering cutting my loses and waiting for a retest into the 60s to buy back in. My price target was a little higher at the former support level in the mid to low 80s. Do you think we have a good chance of getting there on this move?
As far as their fundamentals, did you notice they announced they advanced the delivery of one of their contracts by several months? Not sure why they would do this since spot prices are much lower than the contract they were fulfilling. I’m hoping they won’t have to sell much at these prices and can wait for a rebound in price to set up new contracts.
I am a big fan of URG PeteFunk. I did acquire more at $.7399 today. It is my understanding that the majority of what they are producing is only to meet their supply contracts.
__________________________________________
Here is an excerpt from a recent article by HC Wainwright analyst Heiko F. Ihle :
“Ur-Energy owns a processing facility, Lost Creek, in Wyoming, with a capacity of 2 million pounds a year. The company has guided to the production of 750,000-850,000 pounds of uranium at this facility for 2015. The analyst believes that the company would be able to achieve the upper end of the guidance range, “which is more than enough to fulfill existing long-term contracts of 630,000 pounds at an average sales price of $50.10.”
In addition, Ur-Energy has long-term, higher priced contracts, which are expected to offer a margin buffer, while inventory build offers leverage to spot prices. “We note that spot uranium prices are currently below $40 a pound, and URG’s long-term contracts meaningfully above this figure yielding excess cash flow,” Ihle said.”
_____________________________________
I think this stock could easily be in the low $.80s again soon, especially as the Japanese restarts boost confidence in the sector again.
I too think there are huge profits coming in Uranium before too long. But you know far more than I, so once again thanks for your generosity with info!
Who are the best analysts for this sector in your opinion?
I’m happy to get the discussion going around this neglected and misunderstood sector. Good luck to you GH!
I follow information on a number of different commodity websites, forums, and read press releases from dozens of different companies for insights from their CEOs and management. Some of the best are Mineweb.com, juniorminingnetwork.com, and uraniuminvestingnews.com.
As for analysts in the uranium space I follow a number of people, but think David Talbot of Dundee Securities, David Sadowski of Raymond James, and Simon Tonkin of Patterson Securities are the most prolific. In addition there are commodities pundits like Mickey Fulp, Jeb Handwerger, Brent Cook, and Marin Katusa that offer up their commentary on the sector from time to time, but they are not as clued in the specific market nuances as the analysts mentioned prior.
Excelsior!
Here’s a good list of analysts that are covering Energy Fuels (UUUU) and some industry thoughts (David Talbot, Joe Reagor, and Jeb Handwerger mentioned above are included):
Thanks a lot for the informative answer. I am more a long term holder so I only hold stuff I feel sure about. My confidence with uranium starts to fade but common sense tells me this sector has to be good with the tough pollution caused by coal in many places and so many reactors are been built but it has been so long.
Yes, Uranium has been in funk since 2011 as well….right along with most of the commodity sector (Precious Metals, base metals, specialty metals)….and people don’t understand the technology. Most people have very skewed perceptions about the dangers versus the honest facts around safety and the newer generation reactors.
In addition there are advances in possible beryllium, the advantages to clean energy output versus carbon based sources like coal and oil, the new clean air regulations that are going to continue to force a nice percentage of power generation torward nuclear for years to come. When people get very bearish on Uranium now that it is in the bottoming process, they neglect the fact that there are a huge number of reactors under construction and even more planned, and nuclear power will part of the energy mix in the future like it or not…..so why not profit by positioning at the time where an asset is most hated, most undervalued, and before an almost certain growth story of the second half of this decade?
It is very easy to get very bearish and let’s call a spade a spade, the sector has just been decimated post-Fukushima, so it isn’t that the demand from Japan is as important as the psychological vote of confidence the Japanese reactor restarts represent. When sentiment shifts, it will start small, be missed by most (along with huge percentage gains), and then it will become self-evident.
For the long haul Lawrence, I am more of a Uranium bull at this point in time, then I have been since for the last 5 years. This is not investment advice, just my thoughts, but I’m personally starting to build positions in the uranium producers and near-term producers and limited explorers and will continue to do so over the next 3-6 months. I sell and trim portions into the rallies, and buy them on the dips now to continually lower my cost basis. At times I sell out completely in an equity to capture a gain or to limit a loss.
Good luck to you, and I agree with you about common sense telling you the sector has to be good, but unfortunately the participants in the investing marketplace can hold perceptions that lack common sense for awfully long periods of time. 😉
Thanks again, I may start to add more uranium position as well. I have doubled my Cameco holding since 2012. I favour more the Canadian athabasca based companies, like Cameco, Denison and UEX, since they have far richer deposits and weak canadian dollar may also reduce stress endured by all the producers. I will take a look at your recommendations. I found that US market has treated explorers in uranium better than Canada over the last few years.
Many thanks for all of your commentary, Shad!
Glad to share. Thanks for a great weekend show as per usual Big Al.
Great show as always guys. Question, what are the washout lowes expected? I have heard Rick calling under 900. Gary and Doc what are you thinking? Thanks
My guess, and it is only mine, is that we will not break under $1K for gold.
Alan, right now my technicals tell me that we’re in no danger of breaking under 900 in the near future. If it happens it’ll have to be weeks to months before we see that. If I see that possibility, I’ll certainly talk about it or post it.
Thanks guys and thanks Shad for your posts. Gerald Celente stands by his forecast that the stock market crash will happen this Fall.
Gerald is too negative. Hard to listen to him. Something has to be good.
Of course something has to be good. Attitude can influence any and all situations and make them good!
If you followed Celente you lost your shirt….Buy gold at the top….and got wiped out it Europe. The list of real forecasters I can count on 1/2 of one hand…
ANDREW
Gerald “the teleprompter reading” Celente has been predicting that the markets are going to crash EVERY SINGLE YEAR for well over TEN YEARS. I am embarrassed to admit it, but I used to fall for his fear mongering tactics about a decade ago – I smartened up.
Pessimism porn at its best!
Thanks Bentnail, I did not realize that he has been calling for this for such a long time. Even for the last two years is a terrribly inaccurate forecast!
Al…. To be fair to Celente….he was wrong like everyone else the last 3 plus yrs.
I’ve stated I’m bullish on parts of the economy in the US…
Pretty much no where else…to go…?
If one puts up a chart of the dollar against gold in 2011 Gold is down 40% in the dollar is up 30%….Huge spread…All the gold nuts got it wrong (Gerald)…
Its not the end of the US as they all promoted….but deep doo doo for many other countries as it stands…
Thanks for that insight Benntnail
Bentnail,
your are correct! does that remind you of a bottom caller we all know and love?
He could, of course, be correct. My feeling, and it is a rather strong feeling, is that we will have a really good idea by Sept. mid to end.
Like for instance Al the fact that the IMF will exclude the yuan from the SDR until Sept 2016. Scroll down to Bill Holter’s The rumblings of war.
Thanks Rev. May your week be very prosperous!
All I hear is talk of deflation from everyone. This is the perfect setup for the 3 YCL in the CRB anyday now.
With regard to Segment 7:
Yes many politicians are corrupt scum.
But it is worse than that.
The media, as remonstrated by the recent presidential debate, is now democrat/liberal controlled.
The judiciary is becoming liberal/democrat controlled AND VOTES by ideology.
Thus the US will become increasingly liberal/socialist/communistic and is thus guaranteed to be in a death spiral.
The way that Fox handled that debate was actually embarrassing. I am saying this, by the way, not from an editorial (opinion) context but from the context of what actually happened.
Two examples would be the initial question to Trump and the total lack of exposure for Dr. Carson.
darned self-correct! demonstrated not remonstrated
Hillary and Whitewater…….Don’t forget her cattle futures trade bribe acceptance, and the papers found in the library, and the death (Probable murder) of her legal counsel.
CFS
…and … and … and … and … and …
The woman truly is one corrupt bag of trash. And why does she look eerily similar to Madonna, Angelina Jolie, and other scary looking public figures … inbreeding by chance?
I would not put Angelina Jolie in that category at all.
AL
Fair enough … lol
U.S. Secretary of State. What a shining example of what America is.
I happen to agrree with you on that one, Matt!
It has been said that the Secretary of State is the head of the corporation while the president is put -and kept- in place for public consumption purposes.
Read the recent commentary by Judge Napalitano. He is a man who I truly respect.
I agree,Big Al.The judge is a man of courage that speaks the truth.
You memory is short, Big Al. I recall Napolitano being legal counsel that extended the bank involved in Whitewater that delayed its bankruptcy by a couple of years, causing the taxpayers, via FDIC to spend extra tens of millions of dollars. Appointed by Bill Clinton as judge as a reward?
CFS, are you sure it was the same Napolitano? I can’t find anything connecting him.
I am not positive. I remember the Rose Law firm, but not the name of the bank. Was he appointed by Bill Clinton for Superior Court in Arizona?
I read the Starr report at the time, but my memory could be faulty, I retract any statement about Judge Napolitano.
(My senility showing up again)
Segment 5 should be listened to by anyone that is ignorant of or confused by the illegality in which Comex is allowed to operate and thereby control the price of gold.
agreed Matt.
Should be put on a CD or I tunes and passed out on the street with a candy bar……
Ha! I love it. Here’s your Fifth Avenue…and a CD on illegal Comex trading. Have a great life kid…… 🙂
SPECIAL STREET TALK………….went to the gold shop………all 1 oz GOLD , SOLD OUT, silver dollar rounds SOLD OUT……
SEE CORRECTION BELOW ………………..BB AND JAMES HAVE THE ANSWER, no shortage you can buy all you want……………….per there comments……………….OOTB
MONDAY…….PRICE UP..?????
yes…….
The high (so far) for the DJIA came just 7 days before its 119 year birthday. There have been 17 7-year cycles since then.
For those (subscribers) who can view a monthly chart:
http://stockcharts.com/h-sc/ui?s=%24INDU&p=M&yr=20&mn=0&dy=0&id=p92214433974&a=362096106
The weekly chart doesn’t look good. Note the MACD lead line below 0 for the first time since 2011.
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=3&mn=11&dy=0&id=p08753695050&a=371716933
The Dow priced in gold is bearish on the daily chart.
http://stockcharts.com/h-sc/ui?s=%24INDU%3A%24GOLD&p=D&yr=1&mn=8&dy=0&id=p22789713078&a=371395409
Short term anyway.
Iran already violated the Iran TREATY:
The shadowy Iranian Quds Force commander Qassem Soleimani recently visited Moscow to meet with senior Russian leaders, according to two Western intelligence sources, despite a travel ban and UN Security Council resolutions barring him from leaving Iran.
On July 24, one week before Secretary of State John Kerry testified to the Senate Armed Services Committee and faced questions about the newly struck nuclear deal, Soleimani arrived in Moscow for meetings with Russian Defense Minister Sergei Shoigu and President Vladimir Putin. It was not immediately clear what the Iranian leader discussed, but the revelation comes as the United Nations and European Union arms embargo against Iran is slated to be lifted in five years as part of the comprehensive nuclear agreement announced July 14 from Vienna.
Soleimani was first designated a terrorist and sanctioned by the US in 2005 for his role as a supporter of terrorism. In October 2011, the US Treasury Department tied Soleimani to the failed Iranian plot to assassinate the Saudi ambassador to the United States at a popular restaurant in Washington, DC. The Quds Force is the special forces external wing of the Iranian Revolutionary Guard, responsible for supporting terrorist proxies across the Middle East. It reports directly to Iran’s Supreme Leader Ali Khamenei.
See:
http://nypost.com/2015/08/06/irans-terrorist-general-violated-un-travel-ban-with-visit-to-russia/
So much for believing Iran will behave and Russia will back up inspections.
I believe he was negotiating for delivery of club K missiles.
http://www.telegraph.co.uk/news/worldnews/europe/russia/7632543/A-cruise-missile-in-a-shipping-box-on-sale-to-rogue-bidders.html
Iran isn’t building nuclear weapons says our liar in chief:
http://www.isisnucleariran.org/sites/detail/parchin/
Inspectors have NEVER been granted access to the Parchin Military complex…..That’s a fact.
Satellite photos show major construction NOW going on at that site.
I have previously posted (last Friday) the effect of an EMP blast let off from above the center of the US.
Two thirds of US population dead within two years…..
WAKE UP USA.
Putin Issues Ultimatum, Threatens War Over Erdogan’s Support of ISIS
By Gordon Duff, Senior Editor on August 4, 2015
Putin issues an ultimatum to Turkey, “End all military support for ISIS”
Putin to Turkish Envoy: Tell Your Dictator President He Can Go to Hell along with his ISIL Terrorists
Russian President Vladimir Putin in a meeting with the Turkish Ambassador issued a verbal ultimatum calling for an immediate end to Turkey’s support for ISIS and violations of Syria’s sovereignty. In doing to, Putin has drawn a red line over Syria, after weeks of escalating NATO moves against that beleaguered nation.
In a startling move, Russian President Vladimir Putin castigated Turkish President Recep Erdogan, calling him a “dictator” and threatening to sever diplomatic ties with Turkey over what Putin claims is Erdogan’s continued support of the ISIS terror organization.
It is believed that this is in response to Erdogan’s claim, pasted across the western press yesterday, that Putin had told him Russia was no longer going to support Syria in their war against al Qaeda, ISIS and their western backed sister organizations.
Putin summoned Turkish Ambassador to Moscow, Umit Yardim to the Kremlin for what turned out to be a two hour diatribe by Putin with fiery accusations returned by the Turkish Ambassador. This is the best translation of key statements made by Putin:
“Tell your dictator Erdogan to go to hell and that unless he stops well established and easily proven support for ISIS, Russia will sever diplomatic relations. We are prepared to turn Syria into a big Stalingrad for Turkey and her Saudi allies and their vicious little gang of Hitlers.
Your little dictator is a hypocrite, attacking the military coup in Egypt while, at the same time, he is trying to overthrow the elected government of Syria. As it stands, China, Iran and Russia will guarantee the survival of Syria.”
The whole article is at “Veterans Today” (some here think VT is all lies tho)
The question becomes “do we as nato support Turkey? That would mean publicly disclosing we support isis. Do we change sides on the Kurds?
Frank from Moscow
I can get all the gold and silver I want through my dealer
There are no shortages
Small dealers will sell out, but the big reputable players have as much as you need
Thanks James………I stopped buying long ago……..many years ago in fact……….
spot plus, and freight forget it………..
Monday………..PRICE UP……………????
That’s right James, I can too.
Guys screaming shortages hurt the community I think.
A new buyer comes along after being told there are shortages then finds out its not true.
Scares away new buyers, which are needed for price increases.
So, just kinda shoots themselves in the foot screaming shortages.
Are you referring to me hurting by information ?
HERE IS ONE………..BB AND JAMES SAYS THERE IS NO SHORTAGE……..THERE.
DO NOT BUY ANY GOLD OR SILVER EXCEPT FOR …………MAYBE 5%……..get your five % while you can……………………..end of statement……………………….the CLAW
MONDAY…………PRICE UP…………………
“American speculators’ total shorts skyrocketing to at least a 16.6-year high, and almost certainly an all-time record, was astounding! This extreme short-selling ramp means 2015’s gold weakness and the recent new secular lows are totally artificial. This critical knowledge changes everything on gold’s outlook. Short selling is radically different from normal long selling, as it is guaranteed near-future buying.” —Adam Hamilton
http://www.321gold.com/editorials/hamilton/hamilton080715.html
One more from Hamilton: “It amazes me so few people are bullish on gold today given the record extreme speculator gold-futures shorts. Sadly most traders are content to simply run with the herd, to succumb to popular consensus instead of doing their own research. That dooms them to never buying low and selling high, instead they are duped into doing just the opposite. So instead of multiplying their wealth, the markets bleed it dry.”
I’ve listen to shows saying there are over 120 paper contracts against each ounce of gold. This suggests supply is well above demand. Regardless, if they can create 120:1, then why not 240:1 or 1,000:1 and a ratio of infinity to one!. It’s only paper, and they always print more. How crazy is that?
I don’t think there’s 120 contracts per ounce but there’s probably 120 paper ounces per real ounce.
The reason the price is unlikely to stay at an extreme artificially low level is that they will run out of people willing to sell at physical at such levels and miners able to mine profitably at such levels. Supply/demand ultimately does matter.
I phone my sister and patents in China. They suggested me to buy gold since it is too cheap. They never care about gold. They said no when I wanted them to buy. The altitude suddenly changed. If people like them buying, there can be a lot of demand.
Matthew:
That number of 120 contracts traded for every contract delivered is utterly meaningless and designed to confuse investors. The same thing is true of corn or cattle futures. With the S&P or DOW, the number is infinite, there are no physical contracts.
If you buy things when they are cheap and sell them when they get expensive, you will make money. If you need a tin-foil hat to invest or you want to invest in a manipulated commodity, you are going to lose your shirt. There are a hundred valid reasons to own gold and silver and conspiracies aren’t included in those 100 reasons.
If you think there is a difference between paper and physical, ask yourself just how you bought what you owned? If you didn’t mine it yourself, paper and physical merged. The concept that there is somehow a difference between physical and paper is how you separate those with IQs in double digits with those of triple digits.
Remember the “Gold Derivatives Time Bomb?” It was made up.
Remember the North American Union with Canada, Mexico and the US and we were all going to use the Amero? It was made up.
Remember the LTCM Gold short position? It was made up.
Remember the 5600 Gold plated tungsten bars reported in 2009? Well, in 6 years not a single example showed up in the marketplace. It was made up.
Guys who want to get elected to office or run a successful subscription web site figure out the fantasies their voters/readers want to hear and then they deliver them.
You are allowed to think for yourself, you do not have to be a parrot.
Yes, I am allowed to think for myself and I do so. Did you notice that my comment was in response to bj?
I have always treated such talk as meaningless to me for a variety of reasons. I know all about buying low and selling high and have always promoted doing so. It’s amusing that it needs to be promoted at all.
Matthew:
I did notice, it was more for BJ and my mistake
Thanks for the clarification. The number came from a different forum, specifically
http://mcalvanyweeklycommentary.com/
and I was bouncing it off you guys. Even so, the paper market, especially some leveraged ETFs, trade precious metals futures in name only and settle in cash only (paper money), and when they do it on margin, they leverage up again. Yet they impact the price of PMs. Seems like fraud to me, selling a commodity in name only.
Yes to Bob M and Matthew.
Not sure I agree totally with Bob M in particular.
I’ve been listening to Mcalvany for years–as well as this forum, and seriously doubt is Mcalvany suffers from a double digit IQ–he’s too articulate for that; and to that, he doesn’t sell a subscription to his site. And finally, few people, if any, have original knowledge, ie we learn from others. So no reason to condescend about that either. Those who think the futures market in precious metals wasn’t manipulated are entitled to that opinion. To me it’s obvious–and many others on this site have also shared that opinion. So good luck and good hunting. I’m on the side enjoying the back and forth.
Think for yourself?
Yeah, if a mechanical propaganda machine with a one-track is suddenly considered original and interesting. Frankly I would rather enjoy a cheap box of Cracker Jacks. At least it comes with an actual surprise from time to time!. 🙂
But you are a dud. The same broken record day in and day out.
And you want us all to think you are a creative mind…..so original……..What a joke!
The problem with nuts like you Bird Listener, is that you value originality more than accuracy. Ever consider Broadway?
Not true. I value objectivity over claptrap.
There’s not an objective, logical or rational bone in your body.
Tungsten Filled 1 kilo Gold Bar Discovered in UK
http://silverdoctors.blogspot.com/2012/03/tungsten-filled-1-kilo-gold-bar.html
Should be detectable with ultrasound easily.
That article surely has to be made up because there was not one example of a fake tungsten bar.
MTF:
You are putting words in my mouth. I don’t doubt for a minute that you can fake gold coins or gold bars with tungsten. But if there were 5600 fake 400 ounce bars out there 6 years ago, surely at least one of them would have shown up by now. Think about it.
The idea that someone could walk into a coin store or even refinery and hand them a fake 400 ounce bar and get away with it is simply absurd. The fact that someone can catch a fake in a kilo bar proves my point, it doesn’t disprove it. If 5600 fake bars existed, the guys trying to peddle them would all be in jail.
When someone gets serious about putting tungsten into fakes, it will be Krugerrands, not 400 ounce bars.
That’s a good idea Bob. The Chinese have already thought about it too. There are fake gold and silver coins floating around already. I bought some which is how I found out the fraud existed. You really have to be careful. For silver I use the “ting” test when in doubt because its fairly reliable. You balance a coin on one finger and then strike it gently with a spoon or something metal that is handy. It should ring cleanly with a good sustain.
A Listener:
There is another test for pure gold and silver most people don’t know about. Both metals are di-magentic. That is they are repelled by a magnet. It has to be .99 fine or higher but you can move Maple Leaf or Eagle or 10 ounce bar with a very powerful magnet. But with the fake coins, you can see the weakness of the strike. So you can fake gold but you aren’t going to get away with it with big bars.
Thanks Bob. I did not know that. I do use a magnet as one of my quick checks for magnetism but the coins that are my interest are rarely of the highest purity so I have never had the experience of repelling any! But I am going to go give it a try.
In the meantime it seems Putin issues a red line regarding Syria …
“Tell your dictator Erdogan to go to hell and that unless he stops well established and easily proven support for ISIS, Russia will sever diplomatic relations. We are prepared to turn Syria into a big Stalingrad for Turkey and her Saudi allies and their vicious little gang of Hitlers.
Your little dictator is a hypocrite, attacking the military coup in Egypt while, at the same time, he is trying to overthrow the elected government of Syria. As it stands, China, Iran and Russia will guarantee the survival of Syria.”
Gabriel:
Putin has drawn a line in the sand and it would be foolish for anyone to cross it. Russia may have interests in Syria, we have none.
It is nothing more than another part of the Yinon plan. We are being really stupid. One of the alternatives is that Putin means exactly what he says.
Putin’s fuse getting shorter.
No he does not Bob. We are all in the same game together. Don’t you realize yet he is on the same side as us? (seriously….you know that I hope).
For all you Martin Armstrong devotees he has written a piece whereby he stands by his computer model for a $5,000-$12,000 per oz gold price target:
He knows he is right but he still laugh at others who have lower projection than him. It puzzles me. What is the pleasure to trash the people on his side.
Martin Armstrong in December of 2011
This is a global MELTDOWN in sovereign debt and public debt at the municipal, state, and federal levels. UNDER NO CIRCUMSTANCES BUY LONG-TERM DEBT FROM ANY OF THESE PUBLIC LEVLES OF GOVERNMENT! You WILL lose everything you invest PERIOD.
There are those still putting out the nonsense that gold will collapse because the economy will turn-around…
Gold should back off and retest the support… We should see gold at $5,000 by the end of 2015.
For the record, gold was $1600 when he made that prediction.
ANSWER: No, $5,000 is still the technical max based upon the patterns we have so far. Yes, that may change when the final low is in place. That depends upon the downward thrust for the steeper the decline, the greater the projection of that low materializing. The $2300 target is minimum whereas the $5,000 is a tech target – not based upon reversals and is independent of TIME.
We need the low to see if that projection will change from $5,000. I do not expect this target to rise above $5,000, but that is entirely possible, although certainly not beyond $12,000 which is the most extreme possibility and is probably not attainable. Such a level at $12,000 appears very unlikely because the system would likely implode long before that would ever develop. If government was in control, they would be going door to door confiscating everything at gunpoint. The currency would most likely change and we would be measuring gold as something else by then.
Matt
How does that work we are still in the minst of a deflationary collapse?! Its hog wash.
One of the only guys that has a clue on is Hoye. Oil is going to see low 30s. This fall will likely see a great buying opp. When everyone is calling for 10$ barrels. Cash has been king in a big way.
Post up a graph of US M3 : Price of Gold,Bill.
You will witness your hogwash therein.
Oct,2012
Speaking fundamentally, $12,400 is the price gold would have to trade at to balance the international balance sheet of the USA.
That is the true function of gold, to balance the US balance sheet. This is the fundamental Angel of the gold price.
Jim Sinclair
That is a true statement by Sinclair, ONLY if one assumes the amount of gold in Fort Knox is actually there.
The Germans had no choice but hope and believe in the Rentenmark:
Gold is not a fixer-upper. Gold is a tool that can guarantee that once the monetary system explodes and is fixed with gold as part of the solution, it will stay fixed for generations after that. Gold guarantees a fix. Gold does not make a fix.
Jim Sinclair
October 2012
Thank you MrMoriarty- but what is the yinon plan.. ?
The Yinon plan was the procedure whereby Israel could destroy all their neighbors and control the Middle East. It was written 33 years ago.
http://www.globalresearch.ca/greater-israel-the-zionist-plan-for-the-middle-east/5324815
The British and American control and destruction of the Middle East is a much more colorful, historical read.
The Iran Treaty is a plan by which the US can be destroyed.
Iran purchases Russian Club K missiles.
Put on warheads developed at Parchin.,
Launch missiles from Indian Ocean, over south pole.
Explode Electromagnetic Pulse over center of US at height.
Up to 2/3 of US population dead from thirst and starvation within two years.
(Electric grid taken out)
Missile possibly not even tracked back to Iran, because US tracking systems point to North Pole, since that’s where a Russian attack is predicted to come from.
Are we radiation hardening our system? No.
Do we have spare Big Transformers to rebuild the national Grid? No.
We have had two Commissions report on the danger of an EMP weapon exploded at low satellite height over the center of the US and what has the Big Zero or Congress done? Nothing.
If Big Al or Cory release two earlier posts from moderation, you will get some citations relevant to the Iran Treaty attack potential.
CFS:
Why would Iran attack the US? It’s the US attacking Iran on behalf of Israel that is the problem.
No one seriously believes Iran is a threat to anyone. Even the defense and intelligence services of Israel recognize that the agreement done between Iran and seven other countries is good for everyone.
The same people who lied us into a war against Iraq, who was no threat to the US, want to lie us into a war with Iran and it was all carefully planned by Israel 33 years ago.
The very day after the “treaty” was signed Ali Khamenei was in the streets with a group shouting “Death to America”
I tend to believe what people say, until proven wrong.
Bob,
Why did Iranian Quds Force commander Qassem Soleimani travel to Russia on July 16th. despite not allowed to travel under US sanctions, risking the chance of being imprisoned?
By the way. . In October 2011, the US Treasury Department tied Soleimani to the failed Iranian plot to assassinate the Saudi ambassador to the United States at a popular restaurant in Washington, DC.
And the Saudis are not happy about the “Treaty”.
CFS: We agree on one thing and that is you can safely believe what people say until proven wrong. According to the Yinon plan, in writing, Israel intends to break up into little pieces all the countries who might be a threat now or in the future. If Israel can con the US into being their attack poodle, so much the better.
No one seriously believes Iran is a threat to anyone.
CFS, What possible right could either the US or the UN have to tell an Iranian that he can’t travel from his own country to another willing to receive him?
This coming from a country (the US) known to harbor war criminals like Cheney and Rumsfeld.
The hypocrisy and arrogance, which you evidently buy into, are astounding.
CFS, are you really arguing that Iran could destroy the US without being turned into radioactive glass itself?? I might as well just wake up and wet myself in the morning, because in spite of spending vastly more on military than anyone else, we’re just sooo threatened.
Or is it that they are suicidal and looking for the end of their ancient civilization??
And please, fill me in on all the horrible things Iran has done, say, since the US deposed Mossadegh and imposed a dictator them.
I’m sure they’re not saints. But I’ll bet you a pound to a penny that it doesn’t even start to compare to the long list of atrocities from the countries you support.
Bob,
Just for the record I am not pro-Israel.
Although I am also not anti-Israel, I believe US financial aid to Israel should cease.
Yes Bob, the Yinon plan remains alive and well (sick).
Bob,
It looks as if the yinon plan has been working out pretty well. They got the world to believe in Isreal. They got Americans brainwashed on terrorism. They stold the gold from many countries. They own the central banks and are clearing the oil sales. They control the currencies. They effectively cornered the heroin trade and are now creating heroin addicts across N America and Europe. They won’t shut down the southern border, because that’s where the drug ( and human ) trafficking comes through. They are fighting the Iran nuke deal to start another war…
..so… I guess M K Ultra and the fluoride is working..
I thought Rand Paul’s comments furring the debate were priceless. He said ” if I am president, I will stop the funding of ISIS ”
( what an ignorant public we have..)
We are communist, because we deserve to be communist! A brainwashed stupid public always has to have their government do the thinking for them!
GH,
Right or not, there are hundreds of known terrorists that are sanctioned against travel by the US and the EU.
M any also have bounties on their heads. I don’t know the exact amount, but it would not surprise me if he had an over $ 1 million bounty on his head, since he is known to have killed over 100 Americans. (mostly by IEDs in Iraq and Syria.
GH.
How do you suggest one retaliates against a missile attack, launched from a container transport ship in the Indian Ocean? How do you positively identify the country attacking without getting lucky?
GH,
Please read up on the amount of terrorism sponsored by Iran.
Ask yourself why Iranian citizens are so poor for an oil-rich country. It is not because of US sanctions; it’s because Iran chooses to put most of its money into sponsoring terrorism rather than improving the lives of its citizens.
Please listen to e.g.
http://johnbatchelorshow.com/podcasts/thurs-8615-hr-2-jbs-malcolm-hoenlein-conference-presidents-ali-afoneh-fdd-ilan-berman
CFS:
Perhaps you could comment on Zionist terrorism. Some words of wisdom about burning 18 month old babies in their cribs as they sleep or why burning churches is a great idea.
Or is Zionist terrorism is something you ignore?
Will check your reference. If you have more, please post them.
You seem to ignore not only zionist terrorism, but also US terrorism. I would like to hear your argument for why the US is not far and away the largest purveyor of terror in the world.
Bob,
I am not, beieve it or not, pro-Israel.
I dislike terrorism.
I dislike rockets being lobbed into Israel from the Gaza, and the retaliation they provoke, because it is usually the innocent that suffer.
“a missile attack, launched from a container transport”
In that case, we might as well cower over Russia, China, etc. because apparently we’re unable to defend ourselves.
Meanwhile, who’s going around destroying countries?
I did not say anyone is going around destroying countries. I do say Obama’s treaty is opening up the possibility for Iran to destroy the US as we know it.
Lack of knowledge is very dangerous!
You’re saying the US should worry about being destroyed by Iran.
Meanwhile the US, and only the US IS destroying countries (with goading from the zionists): Iraq and Libya without question, one could argue Afghanistan, and working on Syria and Ukraine.
Consider the possibility that the US hawks may be the biggest threat to US security, as they spend us into the ground, destroy global good will and create enemies, create fertile ground for terrorist recruitment, and destroy our ability to discern true threats from false.
After the US has told so many lies in its wars of aggression over the last 20 years, I set the bar pretty high for evidence that yet another country is looking to attack us.
I did listen to half the Batchelor audio, but couldn’t take any more of his shrill commentary and every-10-seconds interruptions of his guests. I was surprised, because I’ve found his interviews of Stephen Cohen worthwhile and enjoyable.
I did a quick search looking for credible evidence that Iran is a threat to the US, but didn’t find anything convincing. To cite Israel or Saudi Arabia is not convincing. To cite US lists of terrorists isn’t either–this is my point in mentioning US and Zionist terrorism–the US has abused the word so much that coming from them it’s almost meaningless.
How about a source with solid, verifiable evidence and reasoning? All I could find is scare mongering.
I retract my statement that the US is doing nothing in defense.
http://sweetness-light.com/archive/norad-back-to-cheyenne-mountain-emp-shielding
I was in Europe this spring and missed this.
When the American military illegally aggresses against countries, labeling those who fight them terrorists is just a self-interested perversion of the term.
If they put a bomb on an airliner full of civilians, that is terrorism. E.g. some suspect the Iranians were actually the ones responsible for the Lockerby bombing (in retaliation for the US downing one of theirs, but still terrorism and despicable, nonetheless).
I doubt if America’s allies in the middle East, Israel, Saudi Arabia, The Emirates would agree that Iran is other than the WORST terrorist state in the Middle East.
I do not endorse US behavior, in many instances. I am closer to a Libertarian in my beliefs, but I do not hide from pointing out stupid treaties which expose vulnerability.
I don’t know if all the capabilities of Club K missile systems have yet been released, but let me inform you, GH, I’m not joking about this situation.
It is a fact that they are available on the open arm market.
It is a fact that they can, if launched from the Indiana Ocean, go over the South Pole and be over the center of the US at a sufficient height to do EMP wipe out of the US electrical grid.
I do not know the extent of Iranian nuclear weaponry, but I do know they have relations with North Korea. I do know, Bob Moriarty’s statements to the contrary, that Iran has been working on developing Nuclear capability.
This treaty gives Iran the option, should they choose, the money and, within a short time, the ability to destroy the US.
http://nypost.com/2015/08/06/irans-terrorist-general-violated-un-travel-ban-with-visit-to-russia/
Tell me he was not trying buying Club K systems at 10 million a pop.
I don’t know if he was or not……but I’m worried, that’s all.
CFS:
Define “Nuclear Capability.” Are you using the same stupid logic that says that says Netanyahu’s wife is equipped to be a hooker therefore she must be considering it.
We have 15 intelligence agencies and spend tens of billions of dollars on them every year. Even under an administration that was utterly pimped out by the dual-national Neocons, all the intelligence agencies agree Iran has no nuclear weapons program. Period, end of story. So stop making stuff up so you can implement the Yinon plan for Israel.
By the way, I missed your comments on Zionist terrorism or doesn’t that count?
Why is this happening?
http://sweetness-light.com/archive/norad-back-to-cheyenne-mountain-emp-shielding
We are at peace, signing peace treaties after all.
CFS:
The US and Israel created the entire mess in the Middle-East. Israel by implementing the Yinon Plan and the US originally by getting involved in Afghanistan. When the US attacked Iraq on behalf of Israel, there were zero terrorists there until we got there. No it has turned into a Chinese fire drill where everyone religious nutcase in the world has an ax to grind and they either think cutting the heads off people with a dull knife makes for great video or they think burning 18 month old babies is just good clean fun. At this point there probably is no solution until someone starts tossing nukes around. No one I follow can even make an argument for just who the good guys are.
I do think that Obama might want to think twice or three times, maybe four or five times about crossing that line in the sand Putin drew. When Putin threatened Turkey, he was really addressing the US.
You talk about Iran firing an EMP when Iran isn’t even the enemy of the US. Russia is the people we need to worry about
CFS, are you really arguing that Iran could destroy the US without being turned into radioactive glass itself??
PRECISELY.
That is exactly what I am saying.
If the US could not track an MH flight downed in the Indian Ocean, do you think they could track a missile initially aimed at the South Pole?
Unless they can determine the origin country, there is no retaliation.
This sounds like more of the same kind of fear mongering that took us into the criminal debacle in Iraq.
Where did you side on that one, CFS?
The Americans took the gold from both Libya and the Ukraine,orchestrating the destruction of their regions for their ongoing militaristic adventures.
It would be interesting to know how much gold the Americans have with no plan to ever return to their rightful owners.Then again,the Yanks have a long history of divide and conquer.
Matt answer to your M3
You mean a 35% drop in Gold and a 40% rally in the green back since 2011??
Commodities are priced in USD…..I’ll rinse and repeat….THEY DID NOT PRINT ENOUGH.
If you think you have inflation come on up to Canada…a 35% collapse in the loonie is very inflationary. Gas is $5.20 gallon. Houses are 1-2 Million for a tear down…
A collapse in commodities is very deflationary FOR THE US…The US has a VERY low inflation rate… Don’t be fooled by M3….there’s a lot of piece’s to the puzzle..
Come up to Vancouver for a $10 beer.
You have no idea how lucky you are mate….
Divide and concur??
Democrat vs Republican?
Jeb vs Hillary?
White vs Black?
Muslim vs Christian?
Brainwashed vs Truth ( conspiracy theorist nut-jobs )
Divide and Conquer?
Is not ignorance bliss? ‘ tis folly to be wise!
Iraqi gold,Ukrainian gold,Libyan gold,German gold,Dutch gold,Hungarian Jews gold….
Next thing we know the Yanks will have hatched a plan to take the Russian gold.
http://www.globalresearch.ca/libya-from-africas-richest-state-under-gaddafi-to-failed-state-after-nato-intervention/5408740
Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.
It is an idea that would shift the economic balance of the world.
A country’s wealth would depend on how much gold it had and not how many dollars it traded. And Libya has 144 tons of gold.
http://www.globalresearch.ca/the-gold-dinar-saving-the-world-economy-from-gaddafi/24639
And a new central bank was opened ” before ” Gaddafi was killed!
Who got the gold? Who owns the bank? Who’s getting the oil revenue?
interesting political commentary for a change…
Garth said dump your gold in 2011. Many have been pushing gold all the way down.
I think these pieces reflect the current situation in Canada & USA. Just because commodities are way oversold does not imply they and going way up. There are nearly zero good fundamentalists out there and the 3 I know that have a decent track record say CAREFULL. Charts stay over bought or oversold in these type of conditions. Oil could see lows $30s in the fall and may present a great buying opportuinity.
http://www.greaterfool.ca/2015/08/06/the-race/
I’m bullish on the US! Not the DOW but other business that can do well in a low interest rate environment.
http://www.greaterfool.ca/2015/08/07/math-is-hard/
Rates were raised prior to the recession in 1938 which was called ‘a depression within a depression’. Stock markets had recovered before rates were raised .5% in the attempt to normalize rates.
Interesting post on 1937, 1938 and the depression. I like further down where they discuss the diverging views on what accelerated things into 1937 from different monetary phiolosphies. It was also noted how the policies enacted did little to increase real business or economic growth, and that the job market in the US really only recovered going into WWII in 1941.
It is reported that China’s July oil import reached 30.71 million tons, which is 29% higher than July last year. So far this year, Chinese import has been running at 10.4% higher over the same period last year. The spike last month is attributed to completion of one of the new strategic storage. More storage are coming on line in the the next few months and years. One of the major causes which has been repeatedly quoted in the West for lower oil price is due to lower Chinese demand. This is completely false and it is either misinformation or disinformation. This conundrum has been happening for many years in precious metals, which is higher amount Chinese buys, lower the price goes. This is the first time it happens in oil. Chinese oil import is 9% y/y in 2014 and 10.4% y/y in 2015. Go figure.
YOU can always count on the WEST to BE a liar concerning OIL……..
All you have to do is go back to 1971 and connect the dots.
China, tells the truth, only the price of oil tells the truth!
the data came from raw chinese custom registry data. There is no any adjustment like you see in official data, especially like those from US government. The writer is private analysts not official media either. I believe this kind of data.
Off course oil price tells the truth but what truth? There are many factors. If you do derivation with math, you can derive forward but no backward.
The Iran deal is a “peace treaty”.
The congressmen against it are for war!
The public believing the BS are brainwashed!
Obama and the world did a “peace deal”!
http://www.veteranstoday.com/2015/08/07/president-obama-its-time-to-kill-netanyahus-fantasy/
Boehner, McCain, Graham and Schumer look like idiots!
( well.., because they are..
They must be invested heavy in the military industrial complex??
Chartster: I doubt they are invested in the Military Industrial Complex.
This issue gives everyone the opportunity to show if they have been pimped by Israel or not. Anyone sucking up to Israel has been bought and paid for. They are traitors.
Everyone kind of glosses over the fact that 7 nations agreed on the terms of the deal and Iran is giving up 98% of their uranium. If you goal is peace it’s an incredible deal for the world.
The US would gain the most valuable ally in the Middle East if someone was smart enough to apologize for our crimes against Iran in 1953.
Iran would be 100 times better as an ally than Israel. Iran didn’t attack the Liberty, Iran wasn’t involved in 911, Iran never stole our most valuable secrets and then turned them over to the Russians so they could launch a pre-emptive attack should they have wished. We haven’t fought any wars on behalf of Iran where we sacrifice not only our money but the blood of our children. I for one and sick and tired of the US fighting wars for Israel.
Iraq was not our enemy and we had no overriding interests there.
Libya was not our enemy and we had no overriding interests there.
Syria was not our enemy and we had no overriding interests there.
Iran is not the enemy of the US and Israel is not our friend.
Bob,
I agree with everything you said, except the first sentence.
These guys have to have a lot at stake financially. They don’t look this stupid for nothing. I think they have been making money on defense contracts, oil contracts, you name it. They are cabal control freaks. They actually think they can take over the world.. I see that in their blind arrogance. Lol.. They look really stupid right now… This peace deal flushed out the assholes! They are all exposed?
They are exposed!!!
There is no democracy anymore, watching The Republican Presidential debates should be enough for anyone to realize that.
The Saudis also have a great fear of a nuclear capable Iran.
Israel will simply take to the skies and eliminate their capabilities as they did with Osirak.
I don’t believe Israel is capable of destroying Iran’s centrifuge systems by bombing, and I suspect, unless they have inside people, Israel will not be able to damage the system via computer viruses.
CFS:
As a guy who dropped a lot of bombs and watched a lot of bombs go off, I can assure you that a threat by Israel to attempt to destroy the perfectly legal nuclear power program of Iran means they would have to use the 400 nuclear weapons that Israel claims don’t exist.
When Israel says they want to bomb Iran, they mean they want to use nuclear weapons on Iran. Nothing else would have any effect.
But they would far rather have American kids killed doing the fighting for them as we have so many times in the past.
If you support the Israeli position, you are either supporting a nuclear attack by them or the US paying in both money and blood of American kids.
There is no such thing as a bad peace or a good war. People die.
“There is a Zionist enemy, but the Zionist regime is not that big … at times the officials of the Zionist regime threaten us, they threaten to launch a military invasion, but I think that they themselves know – and if they don’t know, they should know – that if they make the slightest mistake, then the Islamic establishment will raze Haifa and Tel Aviv to the ground.”
Supreme Leader Ayatollah Khamenei – March 21, 2013
“The nations of the region will soon finish off the usurper Zionists in the Palestinian land … A new Middle East will definitely be formed. With the grace of God and help of the nations, in the new Middle East there will be no trace of the Americans and Zionists.”
President Mahmoud Ahmadinejad – August 17, 2012
“If the Zionists act against Iran it will be a historic opportunity for the Islamic Revolution to wipe them off the world’s geographic history.”
IRGC Deputy Commander Brig-Gen. Hossein Salami – September 24, 2012
Matt,
If the Zionist rage war this time, the world community will crush them. And that’s the paradigm shift.
You should research ” the Learned Elders of Zion “.
Eye opener!
Hey Bob Moriarty you are a first rate anti Semite
If anyone thinks this deal is a peace deal you are quite frankly a fn ahole
Obama a man of peace.
Bull sh*t
Bob Moriarty you are one f*cked up twisted piece of sh*t
Al why do you give this anti Semite Jew American hater a voice on this blog
Wow! Really James? You are so wrong.
Think you should be banned from this board.
Take a hike!
Give it a rest Chad. James is entitled to his opinion just as you and Bob are too. What’s with you guys who hate freedom of speech anyway? Can’t you just argue a point or does everyone really need banning? Sheesh!
Sure, but the name calling and swearing is not a good thing.
So not cool.
Agree. James is getting a little too hot even for me.
James,
You are wrong. This peace deal is a good one! It’s a shame you are blinded by the commercials and war monger rhetoric.
Chartster,
I am not blinded by warmongers.
When the leaders of a country swear and state unequivocally they want to erase Isreal and the United States from the map I take them seriously
James: You are both a liar and a fool
‘Wiped off the Map’ – The Rumor of the Century
http://www.antiwar.com/orig/norouzi.php?articleid=11025
Israel has threatened the wipe Iran off the map but Iran never threatened to wipe Israel off the map.
But you knew that.
James,
I seriously doubt Bob is anti Jewish religion.
James,
Remember, you are watching the boob tube.. Do your own due diligence.
Chartster,
When will people use a little bit of common sense?
When will they ever learn?
Do you remember Johnson and the war on poverty?
And this is way before my time.
However I try to learn History.
Do you remember it?
Johnson was going to eliminate poverty, the poor.
Today there is more poverty and poor than ever before.
Why?
Forget about even asking why
It could. Of have worked.
Do you know why?
Because Jesus said the poor you will always have among you.
We could have saved billions of dollars if we just needed these words.
It’s the same thing here.
There will never ever ever be peace.
Until the Prince of Peace returns .
This fight goes all the way back to Isacc and Ishmael.
No politician can ever change this, least of all a sleeper cell Muslim and a lying dim wit
Should read it could not have worked
James,
People say Jesus is coming. He is already here my friend.
Lindon Johnson ranks in the top 6 of worst presidents in American history.
What do you mean he is already here?
He’s here already.
And this jackass ranks in the top 3.
http://www.thestreet.com/story/13244151/1/when-the-us-government-confiscated-all-the-gold.html
They can take our gold away again
When this whole things falls apart they will take out gold
James you may think that by inserting asterisks you are keeping your words clean. You should apologise IMMEDIATELY to Bob M. I cannot abide fear-mongers and bigots such as yourself. Nor for that matter can our Lord.
Religion will prolly always be a sticky point Rev,
Skeptism, distrust, hatred etc….in many ways its ingrained from not only our parents but also our religious & political leaders.
I think overall as a society we are making inroads…
….but its a long & slow process.
Cheers.
Yes Skeeta I had to do a great deal of de-programming of myself in my earlier years! Best, A
Whose Lord, Reverend? Sorry to have to remind you but Jesus was a Jew and attended Synagogue. He NEVER went to church. But you were not referring to the God of Abraham I suppose. Maybe you think that angry vengeful God is one who prefers Iranian nuclear aggression in its goal to dominate Central Asia and the Middle East though its acquisition and expansion of nuclear technologies as the same one who will turn a blind eye to the obvious threats. But we already know you are a hater of Israel and all it stands for and so I should presume you also hate the land where Christ was born being as it were taken over by the same people who produced Jesus in the first place. What a confusing life you lead.
Butt out of it Birdman.
Oh I see. Your God is a private God.
Amusing.
As I said butt out BM. You can’t change your spots by a change of moniker.
There is no Birdman on this site anymore. He was driven off by he haters of free speech who cannot stand to hear an honest opinion and wish to suppress all other thoughts. Check my handle Mr Reverend. It says A Listener.
Please address me that way in the future.
A listener………if you knew scripture , you would know why ANDY is allowed to call out another……..Look at it as BROTHERLY LOVE.
LOVE they neighbor as they self………………..
HATE IS FROM THE DEVIL…………..LOVE IS FROM JESUS,
Scripture was written for weak minds and those who have no common sense. It provides a set of rules for the unruly and the heathens to abide by since the rest of us just want to live in a civil society. Long ago we understood that if we could turn them to religion they would become more compliant and sociable. They needed walls and fences to ring in their darker human tendencies.
SCRIPTURE was written to save your ARCE………..TWEETY……
You know A Listener, that reasoning for scripture is thought provoking.
I havnt looked at it that way before.
Its sure full of violence tho.
How else would we manage the impulses of those who seek golden calves 😉
THE GOLDEN CALF………..was man worshipping another GOD…… 🙂
ditto……
ditto on the “butt out bird”
Zip it goldfish. Nobody asked you (as usual) and your comments have no value.
if , you do not want to be ASSOCIATED WITH BIRD………….you can not keep “saying you were RIGHT ON YOU GOLD CALL”…………………..HE,HE………….THE CLAW
Bird fans can say anything they want.
BIRD FANS……. fan flames………
Although the Wall street Journal would have you believe otherwise, there are 4 million fewer jobs for Americans between ages 25-54 than in December ’07. As of July ’15 over 27 million with part-time jobs comprise 6.3 million or 23% working part-time because they cannot find full-time employment. Growing numbers of young dependent upon their pensionable parents who in turn swell the ranks of the employable to make up shortfall in their pensions.
J the lesser and BM— Moriarty tells the truth and you just resent it.
Yup.
BM stands for Bob Moriarty
No, it stands for you, Birdman.
You are missing the gold bounce. Its in progress now. Stop bothering me.
Nope, not missing it. I’m sure you are though, Bear BirdL.
You seem obsessed with this Bird guy. It is fascinating.
If Moriarty is a Jew that is very telling.. I guess this is why he post Schiff…If you wanted to lose all your loot he is the goto guy. Check out all his funds lol (COLLAPSE!)
And this guy…Their all a cabal.
I invite you to go for the $100,000.00 bet Mike has…
http://www.avaresearch.com/articles/1758/Marketwatch-Jewish-Crooks-Promote-Jewish-Robert-Prechter-As-An-Expert-Again!.html
Oh $1,000,000.00 challenge..missed a zero. lol
Well done guys – Birdman flipping over to Mr Hyde. I knew the reinvented Dr Jekyll could never last.
It’s never “different this time!”
Big Al & Cory – A jolly good show guys! Thanks again for all you do.