HYPERINFLATIONARY GOLD AT $175 BILLION DOLLARS August 2, 2018 by Egon von Greyerz The Sword of Damocles is hanging over the world economy, held only by a single hair of a horse’s tail. With such visible danger, the problem could have been fixed easily by either using a gold chain or even removing the sword altogether. But the elite, and central bankers have had other plans. Instead of replacing the hair with a solid metal chain, the sword is today hanging by a very fragile thread that can break at any time. The global financial system was on the verge of collapse a decade ago. Central banks around the world, led by the Fed injected around $25 trillion in loans and guarantees. Banks like Citigroup, Morgan Stanley, Merrill Lynch and Bank of America got trillions. (see table below). Today, more than ten years since the Great Financial Crisis started, the debt problem has become uncontrollable. Global debt has doubled since 2006 and together with derivatives and unfunded liabilities risk has grown exponentially. So $100s of trillions increase in debt and liabilities has not bought the world enduring stability but instead weakened the foundations on which the world economy rests to an extent that the next rescue attempt will totally fail. NEW WORLD ORDER GOVERNMENT It is therefore inevitable that the Sword of Damocles will soon drop and cause irreparable damage to the world. We can speculate if central bankers are totally unaware of the risks or if they have a hidden … Continue reading
Resource Investors – Will The Wait Be Worth The Pain? and Some Great Articles “I continue to look for gains of 500%, 1,000% and possibly more within the next 2 years.” I’ve got some great articles for you today (see below) which should get you excited about the opportunities that lie in front of us. Perhaps you have given up on gold and silver? In my opinion, that would be a big mistake as I continue to see big gains on the horizon. I’m not talking about 5% or 10%. I am talking about opportunities that should bring us 1,000s of percent and more. I invest to hit home runs not a few percentage points. True, not all of these speculative investments will reward you and some will be losers which is why you need a basket of these opportunities. The question I always ask is, what are you doing now to prepare for the breakout? Yes, I know the markets are depressed and perhaps you have a right to be depressed, but things change folks and markets can change on a dime from bear to bull. For me, there is only one way to play this resource sector and it is by investing in quality junior mining companies and/or long-term stock warrants trading on those companies. If you are not familiar with stock warrants, you can receive The Stock Warrant Handbook for FREE by visiting, http://CommonStockWarrants.com along with more freebies. As well, many investors are finding great … Continue reading
Jay Taylor Media Published on Jul 25, 2018 SUBSCRIBE 3.8K Dr. Marc Faber discusses the global markets as he once did on all major business channels, at Barron’s, and other mainstream print media. … Continue reading
DOW / GOLD – A 98% FALL NEXT July 26, 2018 by Egon von Greyerz “The winner takes it all, the loser standing small” (an Abba song) is the next phase in the world economy. Sadly there will be few real winners since the world and its people will be the loser in the coming phase of destruction of asset values, implosion of debts as well as a breakdown of the fabric of society. I do realise that this all sounds very gloomy, and also that bearers of bad news are not popular. But the world is now facing an inevitable breakdown of the biggest debt and asset bubble in history. It is absolutely certain that this will happen, so it is in my mind not a question of if but only when. EVERYBODY WILL LOSE BUT IMPORTANT TO LOSE LESS Although we will all be losers to some extent, there are be some who are better protected than others. And the few people who understand this will be the winners in the investment world. This week I want to make the message simple. There is one graph that tells the whole story of what will happen in the next few years. Anyone who “gets” this chart also understands what is going to happen. But there is only a minuscule percentage of maybe 0.5% of the investment population who would even look at a simple chart that could be the difference between misery and fortune. This means that over 99% … Continue reading
ALERT: Greyerz – The Global Reset Will Come Like A Thief In The Night July 15, 2018 As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the global reset will come like a thief in the night. Where have all the dollars gone? Long time passing Where have all the dollars gone? Long time ago Where have all the dollars gone? Uncle Sam has spent them everyone When will he ever learn? When will he ever learn? The Global Reset Is Coming July 15 (King World News) – Egon von Greyerz: “When Pete Seeger wrote the famous song “Where have all the flowers gone” back in 1955, little did he know that the total US debt, which was a few hundred billion dollars at the time, would, 63 years later, be almost $70 trillion. But there is no reason why Seeger should have known. He was a singer-songwriter and his legacy will last a lot longer than Nixon’s, Greenspan’s, Bernanke’s, and all the other players that have contributed to this massive growth in credit and destruction of the dollar. While Seeger’s song – a work of art – is likely to be around for at least another 50-100 years or longer, all the opportunists that have destroyed the US economy, and thus the world economy, will soon be forgotten… Listen to the greatest Egon von Greyerz audio interview ever by CLICKING HERE … Continue reading
By Clive P. Maund July 19, 2018 I watched Trump’s press conference in full following his meeting with Russian President Vladimir Putin in Helsinki. To me, Trump sounded positive and perfectly reasonable, and his behavior at this time was actually Statesmanlike. Here is a link to the full press briefing including an English translation of what Mr Putin said. It is worth watching this in full if you haven’t already, as shortened versions are likely to be selectively edited. Of course it was to be expected that the gangsters who now run the United States but don’t entirely control Trump would react in a hostile manner to Trump’s remarks, but even I was a little taken aback by their rabid apoplexy. The mainstream media, which they totally control, went into full attack mode on Trump. Whilst the majority of normal and balanced people would doubtless like to see a state of peace and concord between Russia and the United States, that is not what the Military Industrial complex and the Neocons want – they want Russia as an adversary, because they need a bogeyman, an enemy, so that they can continue to drain the blood and treasure of the American people into their coffers. It has been estimated that a Military budget of $200 billion per year would be more than adequate to defend the Homeland of the United States against any and all who might try to threaten or overrun it militarily. However the Military and the Pentagon bleeds the American … Continue reading
by Ceo Technician | posted in: Bob Moriarty, Charts, Gold, Gold Stocks | 0 After a rough few months in the junior resource sector there are signs that the worst may be behind us and the seasonal tailwinds just over the horizon are a welcome respite for weary investors. Given the potential importance of this recent inflection point I felt it was a good time to have a conversation with Bob Moriarty and get his insights on investor sentiment and where we might be in the investing cycle. The conversation didn’t disappoint. Without further ado here is Energy & Gold’s July 2018 conversation with 321gold founder Bob Moriarty… CEO Technician: You put out a couple of pieces in the last week which pointed out that everything is lined up nicely for a bottom in precious metals. Can you elaborate on what you’re seeing? Bob Moriarty: Have you read the piece I wrote on July 6th last year? CEO Technician: Yes. Bob Moriarty: I called it absolutely accurately to the day last year. The problem with this year is that the exact cycle low is on the 12th (July 12th) but we had a full moon on the 28th of June. I think we’ve seen it, I think we’ve made the low. Monday they were running the stops, platinum was down $40 or so and gold briefly fell below $1240 in the August futures. Now they always run the stops before they run prices back up. I think we’re going to have a two month rally and probably go up $150 on gold. … Continue reading
By Matt Welle After a strong start to this week’s trade, the U.S. dollar is on the back foot on the final trading day of the week, month, and quarter. The proximate cause for the buck’s weakness is good news overseas: specifically, the EU countries reached an agreement on migration, while the UK’s Q1 GDP was revised up by 10 basis points to 0.2% quarter-over-quarter. Talk that U.S. President Trump is considering pulling out of the World Trade Organization (in contrast to the cooperative headlines out of Europe) may also be contributing the bearish sentiment on the greenback. Technically speaking, the U.S. Dollar Index remains within its clear uptrend that has taken the index from around 89.00 in mid-April to a high near 95.50 yesterday. Some U.S. dollar bears have noted that yesterday’s peak coincides, to the pip, with the high from last week and posited that this could mark a potential “double top” pattern for the buck. Source: TradingView, FOREX.com While we agree this could ultimately prove to be a double top pattern, bulls may want to avoid flipping their outlook on the world’s reserve currency just yet. For one, the pattern won’t be confirmed until and unless rates break below the “neckline” (or the trough between to the two highs) at 94.20; until that time, traders may prefer to place more weight on the dollar’s established bullish trend. More importantly, today marks the end of the second quarter, and quarter-end is a time when wonky things happen in the forex market. Because most global portfolio managers report performance … Continue reading
JAMES WEST: FIRST WAS CRYPTO, NOW CANNABIS, NEXT UP COMMODITIES Canada has catalyzed the conversion of the Midas Letter from a mining centric to a broader multimedia digital platform that are now focused on video production. Recently they have focused on the hottest markets. Lately, that has been the cannabis industry. Canada has stolen the spotlight for this market, and they are working on a documentary about it. Midas Letter has launched a series of indexes for cannabis companies which have done well from 6.4x to 15x over the past couple of years. He thinks the bubble in cannabis will burst as the cost of production falls later this year. Many “non-licensed” companies will deliver cannabis to your door very quickly at a fraction of the cost of the licensed establishments. Three billion has been invested into the cannabis space so far this year in Canada, and some forty plus billion has entered it over the last few years. By mid-2019 a lot of money will flow into the resource sector. Gold currently is struggling and that may in part because of the younger generation has been looking at crypto. There is a broad perception that the days of fiat and commodity backed currencies are coming to an end. He doesn’t agree with that concept and is buying mining stocks. Copper will be significant in the next cycle and to lesser degrees lithium and cobalt due to the electric vehicle revolution. Battery demand is driving demand for these materials. There … Continue reading
This is a great time to celebrate your Holidays with friends and family. On Monday, July 2nd, Canadian markets are closed for Canada Day. US markets are open. On Wednesday, 4th July, US markets are closed for the Fourth of July but Canadian markets remain open through normal hours. Many of the Canadian resource companies have operations and personnel in Mexico which will elect a new president on July 1st. I personally don’t think any of our investments will be affected by a new president, but we shall see. As you may recall, home for me is in Ajijic, Mexico where there are several events planned for both Holidays. There are several thousands of Americans and Canadians living here but we/they are all proud of where we came. On a personal note for me, I have lived here for 19 years. On June 22, after about a one year process I received my Mexican Citizenship and Passport, while retaining my U.S. Citizenship. As I now joke with my friends and family, ‘build the wall, I am legal on both sides’. If you are one of my many subscribers, I greatly appreciate you business, if not, I encourage you to join me soon. The rally in resource shares will start soon, Dudley Pierce Baker Founder – Editor Common Stock Warrants Junior Mining News … Continue reading