Brexit and where we go from here
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- Segment 1-2: We discuss the reality of Brexit with Chris Martenson of Peak Prosperity.
- Segment 3: Dan Oliver, Founder of Myrmikan Capital, based in New York details the overall problems in the global economy.
- Segment 4: Chris Temple, Editor of The National Investor, details the fragility of the banking system in Europe.
- Segment 5: Dana Lyons, Fund Manager at My401KPro, shares his insights on the VIX VXV.
- Segment 6: Craig Hemke, Founder of TF Metals Report, outlines what he thinks is driving the price of gold.
- Segment 7: Brien Lundin has a special investment cruise and one day seminar in Vancouver in July. You should consider attending.
- Segment 8: Glen Downs discusses the recent issues in the Trump campaign.
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Skeeta I’ll have to surrender this mantle once and for all – too drunk with happiness to think straight!! Very best to you, A
Congrats to you & all the other Brit’s that got it through Rev,
I never thought it would pass, but am so happy for you that it did !
Fantastic to see Britain showing the way forward.
Drink up & enjoy!
Cheers.
Thanks Skeeta.,A
I pity the inflation, the citizens of the U.K. will now experience.
I suspect many “leave” voters will regret their vote.
In the long run everything depends on the Brexit negotiators. May they have a firm spine.
Remember your greatest bargaining chip is that England has the highest population density of any major western country, and vote was the way it was because the Anglo-Saxon population felt the country is now full up.
Amen CFS!
Rule Britannia, Britannia waves the EU rule. Hooray! Thanks for giving Obongo the bird.
Like it BB!
Agreed Bb!
I feel exactly the same way Andrew. Now I love and respect the British even more than ever!
Many thanks Skeeta!
GOLD in Euro’s is UP Beck ( 1 KG Bar 2000 EURO ‘s + ! Neer 9 % !!!!!!! )
THE ( EU ) AND THE ( EURO ) MAST BE DESTROYED TOTALLY !!!!!!
I think rhat it has happened.
Wow Pete. Only the paunch lets this maestro down!
Yeah…..he has a nice roof over the garage.
But I wouldn’t be game to tell him that!!!!
So he’d do well trading in his six gun for a sic pack! But would never tell him to his face!
For sic pack (!) read six pack!!
Depends on whether politicians understand the Brexit vote.
The U.K. has the power to do many things the EU won’t like.
Things have to be negotiated carefully, but the UK has the power to do as it wishes ultimately, because the EU has lost its ultimate power ……ejecting the UK. Even EU court penalties can be ignored y the UK if the UK so decides, simply by parliament declaring British law supreme to EU law.
It all depends on the unity of the U.K. Politicians, which will be a problem.
You really think that will be a problem?
Chancellor Osborne is quiet as a mouse right now, or has he been carried out already by the men in white coats? Bank of England governor Mark Carney (formerly of Goldman Sachs) needs deporting, to be replaced by his predecessor Mervyn King who had the bottle to rebuke Carney publicly, while Nigel Farage and his loyal associates deserve peerages. Right now UKIP has only one MP and yes Boris should be PM – him or Michael Gove or one of the very articulate women MPs who stood with them shoulder to shoulder.
Mrs Cameron the socialist weeps crocodile tears when pillow talk with her David doubtless helped keep him firmly embedded in the EU camp. Yuk and yuk again!
Meanwhile methinks Her Majesty has quietly rejoiced downing a gin or three.
Call me a xenophobe but I declare publicly: England my England!
John Redwood has to be Chancellor.
Gove for Foreign Secretary.
Farage for Home Secretary (controversial)
No no Tad, you don’t get how this works.
Its Bin Alaweed Mohammed for Home Secretary
Maharaja Jawal Vijay Singh for Defence
And Jack Chan Chow Zhou for Chancellor
There, fixed it. Much more English now.
Yes Tad and definitely no BM! One muslim mayor of London and who with none of the fun-loving hubris of his predecessor was busy lecturing us on staying in is quite enough!
Whats wrong Andrew? You don’t like international flavours?
Well to a degree BM….
Agree Andrew!
You bet, CFS!
I agree and need to say once more, “you folks are my heros” The people are again becoming in charge of themselves.
I pray that Americans aCT in a similar fashion! I have to seriously have to question if that will happen.
Unfortunately, n the US, I think, we ar seeing a different phenomenon. Not so much a revolt against the “establishment”, as a break down of democracy itself.
Several centuries ago Alexander Titler (or Tyler) described the breakdown of democracies as happening when the populace votes for itself largesse from the public purse.I believe the democratic faction is appealing to that. Hence Hillary or Bernie’s rise to prominence, each out-competing each other with freebies, which are not affording and will drive the US further into bankruptcy. Against the Demcrats, we have Trump, who’s success derives not from any principles, but an adroit ability to change his mind and offer whatever opinion poles declare to be the desire of the day.
I don’t know who will win, but suspect none of the 3 possibilities will be a good choice, as far as the country is concerned…….democracy appears to have failed.
Worse than that, the separation of government branches seems to be failing as a once-Great Constitution is ignored.
This stupid iPad……slower than my typing speed, and incorrecting to errors.
Dollar bears aught to be having second thoughts on the weekend since the dx rally. But I don’t think the bearish trend in dollar trade will turn around. With higher interest rates, you absolutely have to have a higher dollar, but the dollar rose as interest rates declined.
That means all of the dollars trapped in Pound-denominated trades went into $US. A limiting factor in gold prices.
There was also very aggressive shorting of the Pound and Euro in the meanwhile.
Some of this has to come back on Monday, but the dollars into Pound-denominated trades will not come back.
GS with another bubble phase guarantee as biotechs get demolished. LOL
Just as hilarious are all the smart guys who keep telling us bonds are a short of a lifetime. No top in sight.
One thing I entirely agree with Gary on is that Friday was nothing more than a panic event and the world is not going to crumble as a result. He is also likely going to be correct that the S&P goes on to new highs. It confirms my own readings at least. I have kept an eye on his LABU and IBB trade recommendations for some time now although I felt it was still too early to pull the trigger on them. The time may be coming though as both are again approaching their lower BB Bands and what looks like a decent price ranges at what I also believe may be long term bottoms. So Gary gets some things right in my books but I can’t go along with him on the Dollar since it has breached an upside resistance level that suggests a period of recovery is in store. No big surprise there though for anyone who has been watching the action in Europe. Those yahoos in charge over there seem intent on sending the Euro below par no matter what antics it takes for them to perform.
How have your persistent “own readings” on gold done this past while? You’ve been uncharacteristically quiet. I wonder why.
Of course, it was nothing more than a panic event.to
Anyone who shorted bonds to buy gold in Dec/Jan have done well. In real terms, bonds do appear to be making a big top…
Shorted bonds? What are you smoking Matthew?
+1 (glad you asked).
+2 (me too).
Chris, priced in real money, bonds are a sell. Bonds priced in gold spent all of 2015 topping and are now clearly the inferior safe haven.
Just because bonds have continued to outperform the dollar does not mean that they are worth holding.
TLT:GLD
http://schrts.co/PFdd1E
On the important big-picture monthly chart, TLT is a clear and strong sell as well.
TLT:GLD monthly (must be subscriber to view):
It’s all about risk/reward/opportunity. Take Claude, for example. In January, I commented that I thought it would triple this year (and it already has) but I also commented that I sold the rest of my position in order to buy even more Impact Silver because I thought it would do much better (and it did do better – far better). In fact, IPT did twice as well as Claude.
Gold is going to smoke bonds going forward but the miners are going to absolutely crush gold. Everything has to be looked at in terms of everything else, in my opinion.
I sure hope you are right, Matthew, cause that’s the way I’m invested.
P.s.- the bear market for gold is finally over precisely because bonds are now a strong sell versus gold.
The gold rallies of ’11, ’12, ’13, ’14, ’15 did not happen along with a monthly sell signal for T-bonds priced in gold.
It’s been more than 15 years since the last similar monthly sell for $USB:$GOLD…
Note the perfect touch of the 382 Fibonacci fan line in December and the ensuing 16.5% drop in the following few months. $USB:$GOLD remains in a secular bear market and is still down 70% since its 2001 peak.
OK…good answers Matthew.
Again, I agree with you, CFS
I personally would not take part in that SHORT.
Al, I keep hearing you say nobody wants either Clinton or Trump, I couldn’t disagree with you more and I know you know what I mean, but heh I understand what you are doing it’s called building ratings by creating controversy however I don’t believe that is responsible reporting. DT
No such thing as “nobody””everybody” etc
Al would be more correct to say this election is about who we dislike the least.
The “elites” of course (people running things) could care less, as long as people are focused on an election things are normal as far as they are concerned.
Far more important than the american election is the preasure being put on Russia and China. One minor slip and its martial law for everyone, no more elections required.
Until then, Im glad I bet on gold going up.
Baby got the new shoes. lol
Wrong Dick. All of my local friends and business associates are voicing that option. HONESTLY!
been hearing that around the tennis courts as well, Al.
Big Al, My argument is not with how your friends and business associates think, your attitude is biased in your reporting. If you have an opinion it should be stated separately and not included in the interviews.
What would be the fun in that DT? I like to hear the guys opinions. Its why I come here instead of watching TV.
Me too, Bird!
Al, when you don’t like what I’ve said you refer to me as Dick, and when it doesn’t matter I become DT!
Go figure Dick! 🙂
I meant Machine Gun of course.
Not true, my friend. I don’T even think about that. Your comments, whether I agre or disagre, are all valuable!
Okay, good point Mr Tracy!
Industrial metals are improving…
Silver still looks better than gold…
…but gold might have the edge for the short term…
The 100 week MA has provided resistance for the last two months…
BREXIT AND WHERE WE GO FROM HERE?
Hopefully the people between the 2 Vancouver’s and Vladivostok vote to dump the politicians, bankers, Freemasons, Jews ,Israel, LGBTQ2, feminists, NWO, UN and all politically correct criminals. We need to be free of all of our racial, political and financial enemies. We want our countries back and self determination for our peoples.
14/88
YES!
Amen, Steven
Of course we do, Steven
Glen Downs uses a lot of rhetoric and popular catch phrases that say very little, rhetoric as defined by “The American Heritage Dictionary”‘ is the art of oratory, especially the persuasive use of language to influence the thoughts and actions of listeners. DT
So you are saying the interview was empty calories? Like filling up on carrots and celery instead of getting meat and potatoes? We get a lot of that from politics. You notice it most when you are reading the text of speeches the candidates give. When you take out the thunder and drama of the moment a lot of the stuff they say comes across as pretty vacant and meaningless. Its often a mish-mash of disconnected ideas too so there is no way to even argue with it.
That is the name of the game, Bird. And, quite frankly it makes me angry!
Al, Trump chose to run and the will of the people overwhelmingly voted him in, the nobody that likes him are the people like Paul Ryan, and the other leaders of the inner circle of The Republican party.
Al, is this what you mean and if it isn’t you are using double speak instead of clear, concise, reporting. DT
DT, do you think Al is “reporting”?
Thats ok of course, just differant than myself, I see Al as doing a show.
In this case, I am talking about personal conversations as I said earlier that comment from me represents a somewhat small sample but it is pretty much the “rank an file”.
I agree, DT. They seem to hide the FACT that the establishment republicans / war mongers are the same ilk as Hitlery. And she certainly IS the war candidate. The last thing Trump should do is befriend the establishment republicans. It’s time the establishment step down and get out of the way of freedom, or get squashed!
The financial side of Brexit. The finance minister of the EU just resigned. I guess creating money and debt out of thin air and passing along to the public ain’t workin no more..!
Lawmakers in the US better sit-up and pay attention! Your day is coming!
Gotta like that idea chartster.
Chartster, with that I agre
The is definite not what I am hearing. Although, admitedly what I am hearing is a bit of a small sample.
The monthly Dow chart started to turn bearish over a year ago and does not look good at all now…
Priced in gold, the Dow is ready to plunge…
Priced in the Dow, gold looks like its in trouble.
Not to anyone who knows how to read a chart.
The daily Dow-gold chart is also ugly…
That was just for the sake of comedy, M.
Birdman, you may or may not be a great chartist. I am not able or qualified to judge.
From a fundamentalist point of view I wish to point out we are in an incredible bubble.
We are in a world sovereign debt bubble.
I am not knowledgeable enough to know when the sovereign debt bubble will burst, but I can guarantee that it WILL sometime burst.
I do not know what will trigger the burst… But
When it bursts there will be enormous losses.
Trillions of dollars will be wiped on bond market and even on stock markets.
Charts are not good at predicting point discontinuities.
Were charts point to leave or remain. Seems to me they were forecasting remain!
If the bubble burst becomes anticipated, then charts may predict it, but I don’t think bursts happen slowly…….
Will the dollar lose its reserve status prior to the Sovereign debt bubble burst?
I don’t know. But I would not want to place a bet by just holding dollars.
Will the dollar hold its status after a Sovereign debt bubble burst?
I don’t know, but I am not placing my bets that it will….that’s just me.
DEBT PROBLEMS CANNOT BE SOLVED BY INCREASING DEBT.
Sounds right to me CFS. I agree with you there will be a day of reckoning and that we cannot know for sure exactly what will happen except that a lot of money will be wiped away and most people will be losers (which is what normally happens).
I also am not sure gold will save the day but if this is a *real* bull market we are in then I will join along once the summer is over. My perspective is a little different than most though.
Because I reside in Africa I am in the middle of a very dynamic growth region that has one of the rare positive demographic profiles in the world. Regardless of what happens in the developed and declining economies like Japan, Europe or the US i expect it will be very active here in spite of troubles elsewhere.
India and parts of Asia are also on a different path than the aging parts of the world so I suppose you need to be here to be part of a region where growth stays alive. Nobody will escape a real global debt collapse though. The effects will be felt the world over just in varying shades of grey. I suppose I will just take my chances here and hope it does not get too rocky.
Of course debt problems cannot be solve that way. Athoughl powers keep trying.
The yen looks great…
The so-called globalists that are allegedly furious about the Brexit “victory” are a bunch of New Age crackpots who are steeped in the occult. The ONLY way for them to establish their long sought after one world government, economy, and religion is by duping the masses into begging for it. Sane individuals would NOT buy into a communistic one world system, but deceived individuals will. Here is the problem: in order to usher in a NEW world order (a New Age term), the OLD order must first be torn down.
Think of it this way – if you wish to build a new office tower in a spot where one is already standing, what it the first thing that you must do? TEAR DOWN THE OLD STRUCTURE. Likewise, in order to erect a one world government, economy, and religion that is all based on New Age/occult principles, ALL THE OLD SYSTEMS OF GOVERNMENT, ECONOMY, AND RELIGION MUST BE TORN DOWN FIRST
Totally agree bentnail…welcome back.
ANDREW:
Thank you. Great to be back.
A serious welcome back Bentnail!
BIG AL:
Thank you. Greatly appreciated.
Truth from Big Al, Bentnail.
BIG AL:
I wouldn’t expect anything less from you. You are as sincere and fair as they come in my opinion.
Big picture, the yen is going much higher…
For you $ bulls who thought the dollar was strong and had an awesome day.
Don’t fool your self.
This was nothing more than reversing a $ carry trade.
There is nothing strong or safe about the $.
Regarding gold
This is exactly what Janet Yellen dreamed of.
Now she has an excuse not only not to raise, but to actually cut rates, and for an extended period of time.
This is gold positive, big time.
All I can say for those who want to dig their heels in and hold on to some pipe dream about gold going down is you are about be in a world of pain.
The shorts are about to get decimated.
Sunday night will be very interesting
La lunga notte
I don’t know about that James. I have a theory that gold has hit its peak and although I have not bet on it because it is still too early I do think that gold megaphone pattern is ominous as it completes just in time for the seasonal weak period.
You could be right Bird, but as time goes on, I find that argument less and less compelling. Gold has been in a seasonally weak zone now for 2+ months now without folding. Gold is biding its time and I don’t see it piercing the $1200 mark anymore. There is just way way waaayy too much uncertainty and catastrophic risk in the monetary system. Deutsche Bank is now demanding that every major central bank pay “attention” to its slow motion collapse. If the globalists want to keep the show on the road, they will have to act soon. I don’t see gold getting slammed in this scenario, but stranger things have happened. Yes we have a deflation, but there is an emerging crisis of money that is now at all our doorsteps. I guess it will be up to the people to decide what money is. This won’t only be gold+silver, but it will be for more people than there are now.
Well, if gold were to falter one more time it sure has taken us to the limit of what is plausible before there are no reasons left to remain in the disbeliever camp. This is the last hurrah so to speak. Even I cannot carry on as a bear anymore if some key markers are moved so I guess I will fold up my bear tent and change sides if that happens the next while.
But lets just wait until July to see for sure! 🙂
I am REALLY looking forward to it.
We shall certainly see, Bird!
I agree, Bird. Gold has a little room to go up on the daily. The weekly chart says gold is headed south. Even with a surprising close above 1308.
You and I might just be the last two non-believers on planet earth. Its OK though. If the bulls are right then its easy enough to buy-in at any decent pullback as a genuine bull market should have many years ahead of it. So its been pretty low risk to defy the bugs and early adopters until now. Its not as if this thing has gotten away from anybody yet.
The seasonal weak period, IF it even happens means nothing.
It is just that – seasonal.
The big big picture setup for gold is so bullish.
Negative interest rates, stock bubble, geo political caos, currency wars, loss,of confidence.
A slow July and August do not even enter my mind
James, we all know that if they lose control of the gold market down she goes stock market, economy, and all.
Mr Tracy, I do not agree regarding gold!
We can only wait and see James. Gold has been defiant and ran much further than I expected or believed possible. We have reached the end of the road for the bear case though and if it does not turn down seasonally i will be forced to admit the bulls have been correct all along in spite of some charts I use that are very convincing we should be falling back. No question though that this run has been spectacular and even I appreciate the prospects of a new bull market getting underway because it could run for years. But I still won’t be convinced this is the real deal until gold has passed through a few more rings of fire that still linger. One of those is a key breakout on the HUI chart I referred to on yesterdays thread and a second of course is the conclusion of this gold megaphone pattern I am watching. I seriously doubt the megaphone will disappoint so my confidence remains high we get a significant pullback during July and August. The last three seasonal drops resulted in gold giving up all its January gains so lets just watch and see what happens now.
Interesting: gold is no longer “spot”, but continuos contract on the CME.
This is hilarious
https://www.rt.com/viral/348268-brexit-google-search-stats/
The voters who are poor and have nothing to lose overwhelmingly voted LEAVE. I assume everybody here advocates a higher minimum wage, government subsidies, stronge trade unions etc.to help these victims of globalisation?
LEAVE camp already back tracking on their promises within hours. Meet the new Establishment.
“Everybody here….”
If you define “here” as on this blog….
I do not support minimum wage. I support only limited government subsidies, and have never belonged to a trade union.
Slightly ironic on this rightwing blog… 😉
But with a large part of the population being the losers of globalism, global trade deals etc. giving what they thought a free hit at the “elite” how to help them? So, no higher minimum wage, less welfare apparently??? Massive education investment?
Why does RUSSIAN Television correlate google searches with poor and nothing to lose?
Since a Google search implies internet capability and search knowledge, that does not imply poverty or general ignorance.
Cornwall votes for Brexit then pleads to keep EU funding
Clueless
Specifically, the southwest, and other low income areas of the country ask that development funds given to them by the EU, ask that out of central UK government funds not in future given to the EU, a allocation for development funding be maintained for them.
WHAT’S WRONG WITH THAT? Makes sense to me.
It saves the 30% of waste on bureaucracy of the EU.
Thanks for the show. Find it very valuable. Independent thinkers provide clear and objective opinion. Brext will move across the Atlantic and find it way onto US shores.
You can tell the bias of the newspaper, because of its statement that Cornwall benefits from the common Agricultural and Fisheries policies.
, which is BLATANTLY false.
Yes Cornwall gets Ag. Subsidies, but they will continue.
Second, the rich fishing grounds have been plundered for decades by Spanish fishing fleets, so much so that 90% of the Cornish fleet went out of business. Kick out the Spanish that repeated kept too-small fish, drop the stupid EU rules, which the English obeyed, but the Spanish gored; namely dumping dead too-small fish overboard, and we will see benefit for Cornish fishermen.
The Spaniards have always used too small mesh for their nets, when fishing off the UK coast. (Compared with pre-EU requirements.)
I remember when the North sea was full of herring and mackerel, pre-EU.
I remember when you could fish with a sea-poles off English beaches. Good riddance to the EU.
I fear the negotiators will give away the fishing rights, however. I’m sure the EU will try to retain them.
Ignored not gored…….stupid iPad must been dreaming of bull-fights!
Seems like you iPad is a natural wit…!
You know CFS, you can turn off the auto features that guesses at what you are typing and just go with the old fashioned “what you see is what you get” method. Then proof read before hitting send.
Yeah I know…..that’s old fashioned.
I wish I knew how to turn off the auto-correct feature.
I never turn it on.
But sometimes it’s on, and sometimes not.
Also I should remind you I’m left half blind in both eyes, thanks to brain surgery. I see only by scanning and looking to the left of what I’m reading…..a slow process.
I will try to proof read more carefully.
You are an amazing person CFS that you manage with that kind of problem slowing things down and not getting too frustrated.
Yes he is, Bird!
Big Al and Chris are right on about the Constitution.
For Technical Traders that like Elliot Wave and Japanese Candle analysis, this VIDEO from Gary Wagner does a good job showcasing how technical analysis can assist in profitable short-term and longer term trend investing.
___________________________________________________________________________
The Gold Forecast
“Will the Last Brit to leave the EU please turn off the lights!”
Gary Wagner – June 24, 2016 – 6:38pm
http://thegoldforecast.com/video/will-last-brit-leave-eu-please-turn-lights
Super Force Signals – Brexit Blastoff For Gold?
Morris Hubbartt – Jun 24, 2016
Here are today’s Videos and Charts:
_____________________________________________________________________________
Gold & Silver Bullion Video Analysis
https://superforcesignals.com/video/2016june23goldsilver/2016june23goldsilver.html
US Bonds, Dollar, & Stock Market VIDEO Analysis
Morris Hubbartt – Jun 24, 2016
https://superforcesignals.com/video/2016June23usd/2016june23usd.html
Precious Metal ETFs Video Analysis
Morris Hubbartt – Jun 24, 2016
https://superforcesignals.com/video/2016june23etfs/2016june23etfs.html
SF60 & SFT Swing Trades Video Analysis
Morris Hubbartt – Jun 24, 2016
https://superforce60.com/video/2016june23sf60sft/2016june23sf60sft.html
SF Juniors Key Stocks Video Analysis
Morris Hubbartt – Jun 24, 2016
https://superforce60.com/video/2016june23sfj/2016june23sfj.html
I like these daily/weekly video analysis from Morris Hubbart and Gary Wagner.
Thank you,Excelsior
I´m happy for the people that voted for brexit,but its too much politics for me.
Thanks Pete. Yes, I enjoy watching Morris H. and Gary W. unpack their technical analysis.
Yes agreed on the inundation of politics lately, but I am happy longer term for the UK.
I have just watch this:
https://m.youtube.com/watch?ebc=ANyPxKrDNxucEV1QqPwcigWuShu4QPkG1gtW46BXNBNiT4cXFJ01UHgFOxr0cX27yq9x5faVANtsRjesOHpLdkrzUrtezo2kOg&v=1aJ12lJg470
Worth watching.
http://www.zerohedge.com/news/2016-06-25/germany-says-we-wont-let-anyone-take-europe-us
Hail Germany…..As I posted Friday the British people toppled the first domino, as a demonstration to the rest of the plebs in Europe that toppling dominos is not difficult.
Good for them. MR Irish!
This is a fantastic speech everyone needs to hear in Alberta with its’ new lefty government. You will run out of other people’s money. Government over employment and its’ funding of ideological pet projects will kill western prosperity. Seemingly, it is their intention to show terrorists that we feel bad they live in tents with no plumbing or something.
170,000 bureaucrats, most of which are trying to look busy shuffling papers from one side of their desk to the other. At $50,000 each per year is $8,500,000,000. I wonder if most of that is just for security for this elitists and their experiment gone wrong.
My opinion Dan, simply a colossal waste of taxpayer money!
We have reached peak globalism.
+1 and Peak Beard;)
And, Dennis I believe that is slowly beginning to reverse!
Now The Loosers Want a 2nd Referendum To Overturn BREXIT
A petition has circulated gained they claim 1 million signatures to overturn BREXIT and hold a second referendum. Of course they will do a far better job at rigging this one if it goes through. Such people deserve what they petition for and should surrender the pound and the Queen. They have zero idea of what is coming from Brussels but this is playing into the hands of Cameron no doubt and the rest of the establishment. They assume government will survive. They are clueless that Brussels will collapse as we move forward.
Now 2.5 million signatures CNN reporting.
When the collectivista do not like the result of a tally then they call for another vote.
I think it took 3 votes before Ireland joined the EU.
Isn’t that so true?
There was one paper (the Guardian, or ? Regardless, it was hardcore Remain) which sent out an early edition for Friday while Remain was at 51.8%. They presumed Remain would win. At the top of the page, it read (paraphrasing) “Now that we’ll remain, and intolerance is rejected, it’s time for both sides to come together”. They just assumed Leave had to win it.
That edition was pulled quickly. And now that Leave one, just how much hate is there on the Remain side? And, are Remain supporters now gracefully coming together to work with the other side, just as they expected Leave supporters to? Aren’t humans funny?
Being an on-line petition, I hear it contains thousands of signatures from people who have Internet addresses in Mecedonia, Bulgaria and Romania.
That makes the petition meaningless and CNN fraudulent, or incompetent.
I vote for fraud
As do I CFS!
Buyer’s remorse is ostensibly setting in.
I’d be curious to know what the talk of the town is from our esteemed UK posters…just how many locals are really wanting to change their mind? I’m quite curious, since those same local opinions seemed to be the best harbinger of the actual Brexit outcome.
It’s amazing. So many in Europe have no confidence or optimism. Just give us our daily spoonful of pablum, and let Brussels otherwise carry-on. Worried about a recession if you leave the EU? What about a recession if you stay in??
Dieppe, Normandy, the Ardennes. What the hell was the point? Franklin was right…opting for a temporal bit of comfort, you don’t deserve liberty.
Apologies to UK residents who post on this site. It isn’t your fault. Unfortunately, you may have to live with a Remain vote eventually, because whether it’s this petition, a general election, or Parliament simply overriding this in a few months, I’m not convinced the Brexit decision is crystallized.
Nothing like a few and uncontested election is there!
Trump is so smart he is playing the power brokers now like Rupert Murdock, when he has left the stage his legacy will live on. It’s funny how the people who had been in charge are realizing that they are susceptible like all of us. Trump is a game changer! DT
The more you try to discredit Trump, the more it empowers him, he hates to lose. Isn’t that the way it used to be in America! DT
Of course Trump is a game changer!
Onward Toward Bullion Bank Collapse
By Turd Ferguson | Saturday, June 25, 2016 at 12:14 pm
The events of Friday not only speed the eventual collapse of the Bullion Bank Paper Derivative Pricing Scheme, they also highlight the fraud of this current system and shine light upon the utter desperation of these Banks to maintain it.
http://www.tfmetalsreport.com/blog/7700/onward-toward-bullion-bank-collapse
Have been out on vacation, traveling for six weeks, and came back to take a peek.
I just don’t understand how discussing politics will give you a clue as to how the metals or markets are going to move. These news events are the news of the day and quickly forgotten, ultimately not having the affect upon markets that so many were so certain of just days before.
And, amazingly, no one speaks of the fact that the dollar and gold have been trading in the same relative direction of late. THAT is something of which one must take notice and is much more important than Brexit or any other political matter being mentioned above.
Have a great weekend folks.
The dollar and gold going in the same direction have been discussed on here for many days
Thanks for that. And, personally, I think this is more significant than Brexit.
I guess that is why I was surprised to not see it on the weekend report.
You also, Avi!
“And, amazingly, no one speaks of the fact that the dollar and gold have been trading in the same relative direction of late.” Word of Avi Gilburt.
No one? Really?
You’ve been away for six weeks…have you read all the few thousand comments that have lit up is board, including gold and the $ moving in tandem of late.
When are you going to realize you are not the only one who knows what is going on?
Your ego is unprecedented.
James, if you read what I wrote, I said I came in to take a “peek” and saw over 100 comments in the weekend report all about politics and nothing in this thread about the dollar trading with the metals. Rather than looking for a point to engage in name calling, maybe you should read what I wrote.
“When the debate is lost Slander becomes the tool of the Loser.” ~ Socrates
Then my question to you is how many foresaw the rally in both together? 🙂
First of all I didn’t resort to name calling, so check your facts.
Second, there are a lot more than 100 comments, the last few days there are hundreds of comments.
Third, not that it matters to me, but I personally bet, and stated unequivocally brexit would vote leave, gold would go up, and as far as the $, that is no surprise , the $ is simply reversing the carry trade she all the remain bets went south, as I stated above.
Again get your facts straight
And as temple pointed out above we’ve been discussing all this before for several days.
Again stop trying to lecture us.
Thanks The Greatet
Not to state the obvious ….but: The dual upward direction of Au and USD of late make the recent move in Au all that more impressive in terms of the dollar.
In the long term Gold will gain over all paper currencies.
Forex traders go to the house of ill-repute minute by minute and place money on the back of the most attractive paper whore.
A wise long term investor makes a selection of something not prostituting itself.
The odds are against the marriage if you meet at whore house.
That does not mean that paper whores and solid money does not on occasion trade in the same direction. The most attractive hooker and/or the newest arrival will often sell at a premium. But that does not mean the recent upward movement in USD precludes her from being a slut. Reality is all central bank paper money are horny hookers short on cash looking for a date.
When Gold trades up with the currency of your choosing it just means the currency of your choosing is the most desired hooker of the moment.
lol . that was a funny analogy. But, we will certainly have periods of time where both will rally, and by significant percentages. Anyone who linearly views this relationship can miss some big moves in both. But, great analogy. lol
A additional point is when the PMs are trading down against the strong local paper currency in which you trade then you have what is called a buying opportunity.
As soon as the local currency whore has a pimple the PMs will make up any ground lost as the bid for the attractive slut fades.
That MAY not be the case. I trade each chart on its own, which is why I was appropriately looking up in both metals and dollar of late. But, both are at interesting points right now. Keep an open mind here.
I do not want to marry the YEN. But man did she look good Thursday.
Right now I am long term dating Ag.
When charting the PMs make sure you do so IN TERMS OF all prostitute currencies.
What prostitute paper has outperformed the PMs in the last 20 years?
I want my marriage to last another 20 plus.
I will take my chances!
THE MAGIC NUMBER 7: BREXIT COLLAPSE FALLS EXACTLY ON SHEMITAH DATE
In 2014, Christine Lagarde gave a speech on “the magic number 7.” It, along with work by Jonathan Cahn, led us to the Shemitah seven-year cycle and the Jubilee year, which the globalist elites are well aware of.
What we’ve discovered since is that there is even more to the “magic number 7” than just years… it appears to correlate right down to months, weeks and days.
The last major market crash occurred on September 29, 2008. On that day, the Dow Jones fell 777 points, of all numbers…. its biggest one day point drop ever.
On Friday, in the aftermath of Brexit, the Dow fell over 600 points. What’s interesting about Friday’s date?
It was 7 years, 7 months, 7 weeks and 7 days since September 29, 2008.
Crap! Not that magical thinking B.S we heard last year. I thought we dropped the tinfoil in favour of something higher like reason? Bird can you help?
Hey! Stop callin tin foil hats B.S.
They stop the aliens from reading your thoughts.
Thanks for adding some sanity to the site, B!
Don’t shoot the messenger, she does what she is told.
Occult Message in Speech by Christine Lagarde of IMF
+1 Markedtofuture
You can lead sheep to facts but you can’t make them think.
So very true, Matthew!
Sorry, I can’t help. That is amazing. I have to admit this whole Shemitah thing is fascinating to me so of course I am on my way over to the link to check it out. Maybe if I had been following the Dollar Vigilante site instead of the English pollng results I would have had better insights into what was coming and might have made a small overnight fortune. Instead I was a wallflower because I could not decide what was going and earned exactly nothing on the day. Count me in for the Tin-Foil stuff from now on. They have better information.
So many have no clue what the Shemitah or Yovel (Jubillee) are, but understand the generalities of it and believe it has broad application. It’s not so. The best advice I can give you is to ignore its application, as it has nothing to do with our financial system. It is a system applicable for the land of Israel and limited thereby.
I would say you are pretty much dead wrong on that comment Avi. Given the little I know of the subject I have to tell you the evidence that major economic events are guided by dates is fairly compelling and not simply random.
Please go and bullshit someone else today.
Bird, if you had studied the bible in depth, you would understand what these concepts deal with. They are applicable to the land of Israel and its inhabitants, and are only applied today in somewhat limited fashion, and not in the complete scope as dealt with in the bible.
Do we abide by the land ownership laws as we did in the bible to which these laws apply? Do we have the type of indentured servitude dealt with as they have in the bible? The answer is no.
Again, I have seen nothing that suggests it deals with our financial system in any way. Have you ever studied these laws in an in depth fashion? Before you call my post BS, I suggest you go take a careful look yourself.
One more point Bird . . . there is a segment of laws that do apply to those outside of Israel . . . but unless you are Jewish and have provided an interest free loan to another member of the tribe, you have nothing to worry about. 🙂 If you meet these criteria, then you have to make some arrangements with a religious court. But, thanks again for calling me out on this!! 🙂
I apologize Avi. That was rude of me. Kind of a knee jerk response is all.
Well done BM!
Confused…. the head of the IMF spouted those numbers. Are you can’t deny the fact that many of the elite play in the occult. Physcobabble gets appointed to the highest offices to oversee the common folk.
Occult Message in Speech by Christine Lagarde of IMF
https://www.youtube.com/watch?v=QYmViPTndxw
Markedtofuture, with all respect, I’m not sure I agree on this.
First 7 days make 1 week, and 8 weeks make 2 months,
So really it would be 7 years, 9 months.
However if we just go out to the year then 7 years fits.
However I thought the Shemitah already started last year, and ended?
That was what I recall too, James. Didn’t the blood moons drama end this year too or is more coming? Sorry I don’t keep track of it that well.
I see a bad moon rising…
As di I, BB
Brexit kind of reminds me of the Andrew Jackson v. Nicholas Biddle Bank War of circa 1830.
Biddle (the equivalent of Janet Yellen) promised if the 20 yr charter of The Second National Bank was not renewed immediately there would be a serious economic panic.
The charter was not renewed and the promised economic crisis occurred.
Liberty comes at a price.
But the taste of liberty is sweet.
Yes it definitely comes at a price and Yes the taste of liberty is sweet
That’s what you are SUPPOSED to think Al. That’s why its so clever that the leave side won. As usual everyone just got herded along like sheep to their correct pens and now we are all calling it a success as though the moral thing happened and the world shall be well again.
But really….didn’t we get bamboozled once more?
Yes Bird day never stop !
Day will bamboozle to stay in the monopolizers never stop ! The green agenda is soo EVIL !!!
I think Im gonna disagree Bird.
Altho I was/am really surprised so many people might actually understand the meaning of the vote and its ramifications.
I believe the Brits see it as deciding their own future, some of course wont like the imigration and some will truly be completely clueless and vote to leave because of where their soccer team plays. (I saw a video)
But over all, its decideing their own future.
Young people of course were voting no, just like the american young people preferring socialism the young brits want someone to take care of them.
I notice that in Canada too.
The reports of Scotland blocking the exit, more votes etc kinda show its not a done deal, and some powers really didnt want a brexit,= no bambooziling.
Just my guess.
I agre with you guess, B
I don’T really think so Bird. Just my opinion.
FAO: Mr John W Robertson: “I’d be curious to know what the talk of the town is from our esteemed UK posters…just how many locals are really wanting to change their mind? I’m quite curious, since those same local opinions seemed to be the best harbinger of the actual Brexit outcome.”
There does seem to be a push in the media at the moment to put across the sense that we’ve made a big mistake. The line goes: the Brexit vote was a howl of anguish from the millions of forgotten people misled by liars and too stupid to know what they were voting for.
Usually I am reluctant to give in to the British habit of repeatedly looking back to our so-called ‘finest hour’ but if you are interested in history there are interesting parallels with 1940. The mood coming across from those with a voice is what would have been called at that time ‘defeatist’ and it’s the same sort of people who are doing it as made it so difficult for Churchill in summer 1940. Then it was the ordinary people that was for fighting on; the establishment was for surrender and talking the country down behind his back.
There are interesting parallels between Boris Johnson and Churchill, too. Similar things are said to discredit him. And Johnson himself – possibly not by accident – adopts a manner that somehow evokes the Churchill in old newsreels. A slight stoop, a hand in one pocket, a twinkling engagement with his audience. It’s not an exact copy, it’s more a kind of echo.
I’m for Nigel Lafarge over Boris.
Very interesting points, Back Row, thank you very much.
Back Riw, I very seldom listen to the press because I have a suspicion, it is somewhat indirectly controlled.
Somewhat indirectly? Too funny Al. The mainstream press is almost entirely a fraud anymore. Top down controlled and managed. All major media are a hoax on the public and I would not listen to any of it willingly as it is pure freaking propaganda and mind washing material. Between what gets suppressed, what gets added, the misdirection, the cloud wall of noise, misinformation (lying) and repetition designed to program us the whole lot are complete and utter rubbish. Sorry but I can’t agree with your very mild assessment.
Boy do I have to make myself clearer.
The liberal press obviously believes what it wants to believe and opines the way it wants to opine.
As you are aware, facts can be described many different ways. (Did Combustion discover America or did one of his crew see it first. Do some African Americans commit crimes in retribution for their ancestors being mistreated? Should Mexicans be allowed to break the law because Americans are bad people and have no rights to make and enforce these laws?)
It’s all in the way you look at it and what you believe. (My personal opinion)
European Union off to Emergency Room
Six More Countries Want Referendums to Exit EU
BREXIT is Watershed for Europe
So long dated bets on the Euro then? You can theoretically short it to zero. Imagine what that trade is worth on the day they announce the project has failed or even a single country returns to its old currency. Now that would be one hell of a retirement bet.
In the real world of course its going to be another Widow Maker. But its worth a try if you think you can time the end days. Maybe just wait for Soros to tip us all off. He seems to know everything.
Bird, it is one big scramble to save their ass. TV heads spent all weekend telling folks how bad freedom is for them. They are better off being ruled by Brussels.
Spanish Elections Today – BREXIT Part II?
The anti-austerity party Podemos is now expected to make large gains in Spain’s parliamentary election today. If this unfolds, then potentially this will yet demonstrates that Brussels is heading for a crisis. The last election in back in December broke the back of the dominance of conservative or Socialist majorities which has been ruling for almost 43 years. The contagion is moving rapidly.
Categories: Uncategorized
https://www.armstrongeconomics.com/uncategorized/spanish-elections-today-brexit-part-ii/
Will results be printed tonight? I mean is this the next big drama for next week? Sorry but I have not followed it at all.
Sounds like Armstrong is talking about the EU (Euro, Shengen etc) possibly collapsing in 2018. I wonder if he will be correct on that call.
https://www.armstrongeconomics.com/international-news/europes-current-economy/european-union-off-to-emergency-room/
Central Banks in Crisis Watch Mode
Our sources are saying that the central banks have come to an accord to cooperate in an effort to support financial stability in the wake of Britain’s vote to leave the European Union. This is akin to the Plaza accord of 1985. Central bankers urgently gathered at the Bank of International Settlements in Switzerland to discuss the implications of the BREXIT referendum. The central banks are endorsing a contingency of measures to be put in place by the Bank of England. While the central banks will carefully monitor market functioning and stability, they are clueless what to actually do other than try to prevent currencies from swinging wildly.
The entire crisis has come about because the EU has attempted to federalize Europe and impose its will upon the people and suppress all efforts to resist. This is now reaching a major crisis and the elite refuse to accept that they are simply wrong. This crisis will merely increase. It cannot be rectified without abandoning the entire philosophy behind the EU of one policy fits all.
I agree with you regarding why the crisis came about, Market
Jeremy Corbyn – Marxist Head target of British Labour in Revolt
Hilary Benn called Jeremy Corbyn over night claiming he should resign! Corbyn fired him. The claim by the Labour party is there is no confidence in Corbyn and so say there will be a resignation ever hour for the next ten hours of today – Shadow health secretary, Heidi Alexander, just resigned. Rumor is half the shadow cabinet are set to resign. Could be an interesting day!
Yes Minister – Why Britain Joined the EU Back in 1973
I can’t believe the pro-remain propaganda now being disseminated by newspapers and the BBC.
MEANWHILE THE MAJOR POLITICAL PARTIES ARE IN Crisis
The Scottish First Minister is trying to block UK exit.
BBC is continuing to support the petition for another referendum, despite proven comments that many Eastern Europeans have signed (and 75K signatures have been removed because they are fake.)
Interesting to what length some people will go!
How Brexit Will Change the World
17 top economists, foreign policy gurus and historians look five years into the future
http://www.politico.com/magazine/story/2016/06/brexit-change-europe-britain-us-politics-213990#ixzz4ChqHm3R0
http://www.politico.com/magazine/story/2016/06/brexit-change-europe-britain-us-politics-213990
Thanks for the link, AJ
Fear mongering discussed….
Jim Willie on Brexit.
http://content.blubrry.com/silverdoctors/Jim_Willie_BREXIT_Part_2.mp3
Segent 1 – With regards to the discrepancy in economic health in the EU between Germany and Spain/Italy, don’t we have something similar here in the U.S.? Compare the Silicon Valley with a city like Detroit. What is the secret ingredient that the U.S. has to keep things together that the EU doesn’t have?
If the EU was politically structured like the U.S., would it work?
Why on earth would richer nations want to PERMANTENTLY subsidize poor or lazy nations?
The US has federal taxation, which is what the EU would need.
I wait for Texas to cecede, before any richer European nations would endorse EU INTEGRATION.
Remeber Switzerland land just had the sense to withdraw its application to join the EU.
Tell me the Marxist traitor in the whitehouse is not a Muslim.
http://www.infowars.com/gun-registry-loving-obama-security-advisor-refused-to-record-another-muslim/
He’s not a Muslim. If his name was Barry Jones instead of Barrack Obama would you still accuse him of being a Muslim?
So exactly what is “the most beautiful sound he ever heard”?
I would call him a muslin if his name was Barry Dunham.
I notice you din’t challenge Marxist!
Sorry. Not “most beautiful”, but “prettiest”
Besides, I would not want to imply his half-sister was a liar.
She said he was a Muslim.
PF…it is not his name that make him a muslim..it is his actions and words…and his incessant apologies for the terrorists….
You guys or gals are grasping at straws if you believe he is a Muslim. He may not be a real born-again Christian but he’s not a Muslim.
This is similar to the Obama wasn’t born in America argument. Picking and choosing flimsy evidence.
Or believing wha g you san th to believe, PF
A
PF,
Why did his Kenyan half-sister say he was a Muslim?
Did not know that she did say that.
A
Why would I tell you that, CFS, when he is?
Segmemt 2 – Did Obama really say that about the UK? I just heard him say that the U.S. and UK would still have a “special relationship”.
Yeh, less than a week after he said if the UK left the EU they would have to go to the end of the line for any trade deal with the US.
The British response was “Up yours”
And rightly so Cfs
A
WHAT MARKET MANIPULATORS HAVE IN STORE FOR THE UK AND THE WORLD
Avery Goodman
Snippet….There is another group that knew exactly what was going to happen, though somewhat later than the bankers. This second group watches the manipulation activity of the bankers. If you carefully studied their behavior, you would have known, as I did, that Britain had voted to exit, as early as the middle of the day on the 23rd. Trading on such information, of course, is unethical, in my view. It involves taking advantage of innocent people. If I had done that, I would be no better than those I am criticizing. So, I didn’t. But, I knew. Let me tell you how…
Avery B. Goodman is a licensed attorney concentrating in securities law related cases. He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law School and is a member of the Bar, licensed to practice law in several jurisdictions.
Mr. Goodman serves on the roster of neutral arbitrators of the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). His career has consisted not only of prosecuting cases on behalf of clients, but also in sitting in judgment on the cases involving others, and making important decisions on intra-industry and customer disputes.
An independent investor for decades, Mr. Goodman has observed that markets are being subjected to frighteningly high levels of disinformation. Investors desperately need to hear logic, reason and common sense. For that reason, he is now sharing thoughts with the community.
From a big picture perspective, Brexit and the other country exits that are going to occur, are occurrences that those country governments are ” letting it happen or forcing it to happen “. So there is a much larger play going on here.
Will the people of Europe get their sovereignty back? Will each country have its own currency, and it’s own value against the Euro? Will the Euro be a SDR tool? Is Brexit the shiny ball used for a bigger financial picture that the masses are unaware of?
Is all of this the Hegalian Dialectic?
Now, in the 21st century, Hegelian-Marxist thinking affects our entire social and political structure. The Hegelian dialectic is the framework for guiding our thoughts and actions into conflicts that lead us to a predetermined solution.
LPG
You posted a link to Realvisiontv.com,where Raoul Pal speaks about the commodities cycle,and that it has not bottomed yet.
Raoul says that commoditie bottoms lasts for decades,Charles Nenner also speaks of this.
Nenner said the last commodities top was in 2010.
So if you dont mind me asking,what is your personal opinion on this.
(I´m not talking about the pm´s),but the industrial metals,and agriculture comm.
And also,do you have a opinion on IVN.TO ?
T
Now you are talking. I happen to agree strongly that the commodity cycle has not bottomed and that even once it does there could be a very long period (years) of a consolidation process before we start climbing back out of the hole of excess production. As mentioned so many times before, demographics will play a large role in this and it is the headwinds created by so many millions of aging people across the globe that will keep pricing flat or under performing for decades. You just cannot get that idea across to most people though. They are still investing as if we are still living in the 70’s, 80’s or 90’s. But those days are far behind us and the incredible overhang of debt that was created by prior generations is now here roosting and unrepayable. This is partly why Europe has allowed in so many migrants. They understand that the only way to spur growth in the future is with millions of fresh young people for otherwise they are all going to sink and drown beneath the waves of chronic, endless low growth. How real inflation and expansion is going to be ignited in an age of retirements is entirely beyond me. Perhaps it can be done artificially but it certainly won’t be happening because of real demand. So the inflation we do get will just make us all miserable.
BM:
The commodity cycle hit a 5000 year low in December. It has bottomed. Take it to the bank
Betting commodities lower is betting against 5000 years of history.
I saw that Bob. But a 5000 year low does not mean you won’t see a 5020 year low. My point is that we don’t know exactly how low commods will go or how long they will stay down there yet. The demographic issue absolutely cannot be ignored as it points to an extended period of demand softness. Look at where we are currently on the supply side with low prices for example. This has been going on for almost 5 years already. We may get a price bounce but in my view we will only see lower highs made as global populations are too heavy on that one cohort that does the least buying. Without the high consumption middle brackets and young adults the outlook is dismal and should stay that way for decades. At best we trade sideways as resource output slowly comes into line with the consumption (demand) side of the equation. In other words….low prices for commodities do not guarantee we can’t see even lower prices at least over the medium term. If I recall, it was Harry Dent who had done a study that suggested the population mix necessary for demand to stoke resource prices won’t begin to arrive until 2022 in North America. That’s still seven years away. Until then it might be an L shaped recovery at best.
BM: Markets discount the future. It is actually quite irrational to expect worse than anything that has ever happened in history to be the norm. It can’t be.
British Politics Melting Down
Seven members of the Labour shadow cabinet have resigned and one has been sacked. Resignations so far include shadow health secretary, Scottish secretary, transport secretary and education secretary. Jeremy Corbyn is so far out of touch he and Hollande simply remain in a total state of denial.
Meanwhile, Scotland is showing its total ignorance of economics. They threaten to veto BREXIT but quite frankly they should just immediate swap to the euro and just separate from England. They may have stood tall against the Roman Empire forcing them to construct Hadrian’s Wall, but this time their hatred of England will led them to self-destruction.
The proper question to present to the people of Scotland who think the EU will somehow ensure their pensions, is do you want the euro or the pound? They they seal their own fate for the Scottish politicians reveal they too have no expertise in this manner. It’s a shame. But the Scottish politicians are out to lunch on this one.
Brian Lundin on palisaderadio.com
I can see that the majority of people here still refuse to understand history and the implications of a sick psychopathic mindset of “winning by any means” that permeates and drives the Globalist, Marxists, One Worlders agenda for control.
In the end a second “Brexit” vote will be forced upon the common people of the UK and tallied in blood if needed, with the desired outcome in favor of staying in the EU.
The tyrants of Globalism will get their vote in the end. Mark my words.
The only way mankind will ever be free is to take freedom and liberty back and the only way you can do that is to back it up by force. There is no other way and never has been.
All of this jumping up and down over the Brexit is exciting from a superficial context, but its completely useless in the context of reality. There is a reason why the Luciferian Globalist elite want to disarm the world and already have done so in the UK as well as many other places.
To strengthen the unlevel playing field in their favor and maintain a monopolistic power grip on control.
My I suggest at the at the possibly of being called every distasteful name in the book that most of the Kumbuya crowd here would be better served by understanding these historical dynamics of tyrannical government and face the facts head on.
Vortex, you are absolutely right, the secret meetings of the Bilderberg group have been going on for forty years only now people are starting to notice because of the internet, that is why they want control of it too. DT
They probably do Mr Tra cy!
Yes DT, all of that is true and much more.
Folks better stop believing in fairy-tales and be willing to put their big-boy and big-girl pants on because whats unfolding will require that degree of effort.
I’m not interested in fear porn, just acknowledging reality as it is.
V
I believe that I do understand them V.
Kumbaya to you!
A
Big Al, you have come along ways……..you are a good and honorable man.
Much respect!
V
The gold market always runs away from people TV and market analyst in manipulate markets will make you miss the boat !!!! Careful Boys !
IS DISS THE START OFF A New controlled collapse to electronic money ???? Day never STOP !!! BUY BUY GOLD !!!!!!!!!!!!!!!!!!!!!!!!
Vortex,
I do not think there are many people at a forum like this that do not believe evil exists in high places. History is a course about conflict with evil. Occasionally, along the way the good guys win a battle or 2. These victories are rightly celebrated. All celebrants knowing it is far from the last battle.
Evil exists and often takes an innocuous form.
When evil clearly reveals itself it becomes an easy target.
Brussels revealed itself.
As Nigel Farage said the recent victory was without a shot being fired.
That in no way means the next battle will be so peaceful.
Instead of ballots the Brits may have to resort to pitch forks.
That it why it is so important to protect 2nd amendment rights.
The 2nd amendment is not about hunting game.
It is a check on an evil government.
Dennis, thanks for you’re inputs.
V
Very well said Dennis. I guess my prayer is that evil will have so over-reached itself that those who blindly back the evil doers will witness a truth bomb so ‘nuclear’ that they will have no arguments with which to fight back. So may they beat their pitchforks (swords) into pruning hooks and all their weapons into ploughshares. Best, A
Japan and Australian stock markets up this morning…….I was not expecting that.
Trump is dropping in the poles as the majority of Americans say they don’t trust him.
I find that interesting, because it goes to prove the general public is incredibly uninformed, or totally buying the immense distortion of a left wing press.
https://www.yahoo.com/news/hillary-clinton-state-dept-calendar-160528122.html?nhp=1
Democracy fails when main stream media lies by omission or commission.
HillBilly is by all reasonable evidence an immoral extortionist crook.
Clearly America deserves a better choice in November than the two candidates that have evolved out of the primaries.
But while many Republicans may have started the race, the better ones were destroyed by the mainstream media, I believe, to set up a Democrat victory.
Meanwhile in Spain voting has ended with a swing to the right, although no majority.
Podemus failed to gain any more seats, despite its gains in earlier elections.
Negotiations for a coalition government are on-going.
Brexit apparently did not affect the Spanish vote.
Silver turns negative.
It will be a long night.
Interesting to see if gold can stay positive throughout the night.
Gold had a nice pop, up $17, but has since given a lot back.
It looks to be making a bullish flag James. Frankly, I think it is about to take off higher again. When and if it does the entire bear case on gold could be demolished to rubble depending on its progress. We should know for certain this week. I don’t think there is much room left for us gold bears to justify being disbelievers anymore but we shall know very soon I think.
But all is not lost yet. Armstrong is saying this morning that the monthly bullish trend reversal comes in at 1362 so if he is right we would need a close above that for June to signal that the trend continues onward and upward.
With all the fear being propagated and promoted in the media lately it seems plausible we could get there. This morning Premier Li Keqiang of China is warning that Brexit may unleash the butterfly effect and could effect global financial stability.
Zero Hedge interprets that to be saying he is warning of global economic collapse although that seems a bit of a stretch in the reading of his words. Nonetheless, some sense of panic is in the air this morning as USD gaps up almost a percent and Sterling gaps down by 3%.
For the moment “buy gold, dollars and long dated Treasuries” is still the strategy while selling European stocks, Euro and Sterling is the preferred prescription. Looks like we will have a week of market disturbances ahead and this may not blow over quite as quickly as some hoped.
Trading halted on Barclays and other UK banks this morning. With some of those banks now down 30% or more in just two days trading there should be a buying opportunity coming up soon. Those who assert it is European banks that ought to be taking the beating are surely correct. The UK banks will be fine longer term so this sets up a decent entry trade once the carnage is complete.
What else?
Well Sterling has got to be a buy fairly soon. Nothing falls that hard or fast without bouncing back somewhat. Will USD reverse in sympathy later in the week? Probably. And gold should fade back too unless the world is really coming to an end and economic Armageddon has arrived.
Instead of being worried about this action its probably a good time to set up a quick shopping list of European stocks that have been sold off harder than fundamentals might imply.
This is still nothing more than a panic event and those create opportunities.
Newmont NEM is up 5%…maybe the mining stocks will catch a better bid than the metals
Yesterday a North America poster asked about the word on the street in the UK.
I posted that the line being spun was: the Brexit vote was a howl of anguish from the millions of forgotten people misled by lies told by the Brexit campaign and too stupid to know what they were voting for.
Last night and this morning the narrative seems to be developing further: the leaders of the Brexit campaign didn’t expect to win and having done so haven’t got a clue what to do. It’s up to Remain legislators to stop the madness before we are all destroyed.
This is my interpretation. The vote was about more than Brexit. It was about ‘Us’ and ‘Them’ and a lot of ordinary people being utterly pissed off with all of ‘Them’. ‘Them’ or ‘They’ are the so-called establishment and include an interconnected class of legislators, officials, media and celebrities.
This is starting to feel like a cross between defeatist grumbling in England in 1940 and the French aristocracy in an affluent bubble ignoring populist rumblings in 1789.
RH,
It amazing how Brits are being played.
How a feeling of being hurt by the exit is being whipped up.
Suckers. Stupid suckers.
STAY THE COURSE.
Anything that happens over the short term WILL pass. The EU WILL DIE, WAS ALWAYS GOING TO DIE. Don’t hook back up to a sinking ship.
How can it be better to have the Bureaucratic waste and loss of freedom to make your own laws?
Bird, I believe you hit the nail on the head.
What I’ve been thinking these last few weeks, and especially days, you expressed very elegantly and succinctly when you said “I don’t think there is much room left for us gold bears to justify being disbelievers anymore it we shall know very soon I think.”
I kept saying to myself ” ok, exactly what is their case (meaning the bears), what’s your justification for being bearish?” I didn’t see it, other than because it’s been down for so long, the Bears just refuse to believe it could ever go up.
I’m a bull, but I will sleep a lot better when I see my $1340 taken out.
Jim Rogers picks dollar over gold as safe haven.
This guy is really starting to bug me.
I used to like him but now I found him annoying.
He’s been saying for the last few years he hopes he’s smart enough to buy more gold after it goes down. Well it went down. His $1000 target was just about hit.
I no longer care to know what he thinks.
He has his own agenda, and his book is a lot more complicated than mine so I don’t care anymore.
Most of these guys are never right big twice
The ever eloquent Daniel Hannan at my alma mater last week:
1 KG GOLD BAR ! ( UP 1000 EURO TODAY ) !!!!!
Osborne criminal ! Banker’s laky ! Go beck to sleep Markets !!!!
So much news does not make main stream media:
Again!
It is obvious they Re going to hold the $1340 level at all costs.
The selling comes in hard and furious as gold approaches this level.
it is all manipulated to hold this level.
They will fight to the bitter end to suppress gold
The people screwed the elites in Britian and now the people have to put an end to this gold cartel.
Everyone needs to go out today and buy physical gold.
It is so obvious the gold price is not trading naturally.
One of these days they are going to lose control.
I don’t know when but it will happen
Maybe only a little breeder to come back strong !
A mast see ! ( Let’s put fingers ! http://www.zimbio.com/photos/Prince+Charles/Evelyn+de+Rothschild/Prince+Wales+Duchess+Cornwall+Launch+Travels/Fe92XCZvAKc
news on scorpio gold: http://www.scorpiogold.com/s/news.asp?ReportID=753717
news on jaguar mining: http://www.scorpiogold.com/s/news.asp?ReportID=753717 latest webcast & presentation: http://www.jaguarmining.com/s/Presentations.asp?ReportID=751429&_Type=Webcasts-Presentations&_Title=Corporate-Presentation-June-2016
Nothing like manipulation to destroy “observability”
https://mises.org/blog/fed-and-bernanke-are-wrong-about-natural-interest-rate
bastards on the cme increasing margins on gold futures, they do this every time
buy physical gold today!
Part of manipulation ability, which the CFTC is blind to.
Big margin increases generally presage unusually large declines in gold. A directional change in other words. Might be a seasonal thing they are anticipating or maybe they are Birdman converts and believe in the bear case.
Good job Scorpio is in Nevada or those results could not be profitable, eventually.
Listening to US RADIO, both KSF and npr, (on WBAA) I hear Brexit being blamed FR the current loss in the US stockmarket.
Yu don’t suppose it couldn’t be because the market was way overvalued by all rational metrics, and Brexit merely provided a trigger for the HFT Manipulators, and the stupidity of central banks sending the stockmarket up to unsustainable levels.
Sorry my iPad again, and my poor reading…..KSF should be KSFO, FR should be “for”
Headlines over the weekend indicated that Clinton was moving ahead of Trump in a Reuters pole.
This was trumpeted loudly on radio news.
I finally looked at the fine print…..of course not reported.
In taking the pole, 33% more Democrats were interviewed than Republicans!
Way to go MainStreetMedia.
Just think, if you had only interviewed Democrats, the crook would be given a unanimous endorsement!
Bird
You nothing but a cock head!
Thanks for the weekend show as usual fella’s !
…first again lol.
Cheers.