mezzo mezzo
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good question. hmmmmm
time for news about contractS e.g. nuclear fuel and orher r'n'd projects!
8 wer cumming. was quicker than expected
hey hey hey seven again
ahh, if this is so I'm gonna hold on some ubiquities freebieeees
In response to popular demand, I’m going to start tracking silver more closely. “There is a lot of talk on the Internet about silver going up a lot around mid-July,” a chat-room denizen averred on Tuesday. Although I’m not one to be influenced by blogger buzz, if Silver is in fact developing thrust for a moon shot, the evidence should soon become apparent on the intraday charts. Most immediately, that would imply a pop through the p=21.325 midpoint Hidden Pivot shown (see inset). That would open a path to at least 22.070 , its D-target sibling. Gold stalled on a spike Monday at an analogous p, but the fact that it didn’t get past it means silver and gold futures are on roughly equal footing at the moment on the bull/bear scale. (Note: The respective p and D pivots for the September contract are 21.370 and 22.110.)
The replacement for the 117-year-old London silver fixing benchmark that’s ending Aug. 14 will probably be chosen as soon as one of the companies proposing an alternative wins “critical mass” support from the market, according to the London Metal Exchange.
Garry Jones, the LME’s chief executive officer, and Matthew Chamberlain, head of business development, spoke at a news briefing at the bourse today. The LME, Autilla Ltd., Bloomberg LP, CME Group Inc./Thomson Reuters, ETF Securities Ltd., Intercontinental Exchange Inc. and Platts have made proposals.
Matthew Chamberlain:
London Bullion Market Association “members and market makers have to make the decision. Whether we see an official statement from the LBMA or not,” the market will decide “when one of the players gets critical mass,” he said.
“We do believe in a London market for silver.”
Garry Jones:
“It’s important to keep London the center for metals. Any firm that’s not selected for the silver fix could still start a silver market. Anyone can launch anything. People would be concerned with fragmenting liquidity. No bank would sign off on a system unless it’s been tested to death.
‘‘We wouldn’t set up an alternative reference price” if the LME isn’t selected, he said. “We are looking over time to launch new markets.”
Bloomberg LP is a provider of financial information and trading systems, and is also the parent of Bloomberg News. It competes with Thomson Reuters in selling financial, legal information and trading systems.
http://mobile.bloomberg.com/news/2014-07-01/firm-with-critical-mass-seen-running-new-silver-price.html
I'm liking the 46.50
expect a move before inependence day. a must read:
...One must suspect that the paper-called-gold market is now pushing 200 times the size of the actual amount of gold in circulation (if not more). And now we know (from the mouths of the bankers themselves) that the silver market is (at least) three times as fraudulent, and thus three times as leveraged. This suggests that the paper-called-silver market exceeds the amount of actual silver in circulation by some ratio in excess of 500:1.
Even with the One Bank controlling our markets, controlling the market-regulators, and controlling our governments; at some point such extreme leverage/perversion/fraud in any market simply implodes. After decades of this systemic fraud in the silver market; do we have any reason to believe that now, finally “the end is near” (i.e. the Irresistible Force prevails)?
Yes. We need look no further than the bankers’ own behavior. When the bankers artificially created a “supply crisis” in the silver market in 2008 (by crashing the price of silver by 60%), we know how they responded in order to prevent implosion of their paper-silver scam back then.
They backed-off on their price-suppression. They allowed the price of silver to triple over the next 24-month period, and by the end of that time-frame, higher prices caused silver demand to plunge by more than 50% in the largest market for silver: India. In 2013; the contrived plunge in bullion prices once again led to a supply-crisis in the silver market; once again its epicenter was India....
READ FULL ARTICLE
http://www.bullionbullscanada.com/silver-commentary/26541-silver-the-irresistible-force
next wed. on 25th is option expiration day, we'll see a lot of action goin on that last week of june.
big battle, expect large specs and commercials wanna get rid of their shortpositions!! will go long straight after?
jesse, thx for nice read:
http://jessescrossroadscafe.blogspot.co.at/2014/06/gold-daily-and-silver-weekly-charts_18.html?m=1
absolutely. concured! still here since the low sixties and still holding. this time titan looks stronger than last time when pps crossed .72 and fell back soon after.
glta
yes, got some lets see if our jeans are strong enough to cross the 1.20
no wonder but interesting to find another proof of manipulation of the masses (check partners like mass media and universities on Nato Site):
http://www.nato.int/cps/en/natolive/topics_64610.htm
liabilities of nonfinancial sectors are over $42.000 billions
http://research.stlouisfed.org/fred2/graph/?g=CRt
lets see what large specs and hedgies will do in the upcoming weeks. guess dan says it all here:
http://traderdannorcini.blogspot.hu/2014/06/metals-commitments-of-traders.html?m=1
well this is just the beginning:
http://davidstockmanscontracorner.com/draghis-horrible-threat-are-we-finished-the-answer-is-no/
huh? time to sort things out!
i believe so too
this pushs silverdemand rapidely: “We are sure that by 2016 – or at the latest 2017 – the levellised cost of solar PV will be the same as coal-fired generation. It is going to completely transform the energy market in China”
Solar to match coal in China by 2016, threatening fossil dominance
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100027336/solar-to-match-coal-in-china-by-2016-threatening-fossil-dominance/
and I already posted, a few days ago, that India's new Primeminister will build huge solarplants along waterchannels to bring electricity in every indian househould till 2019 (until today still 350 million houses have no power)!
actually on these levels the downsiderisk is minimal (if a support at 17 would possibly get broken we maybe would see the 12.50 for a few minutes - but I do not believe this bold scenario will happen). any dip below 18.79 is a good chance to get in long. btw I quit my phyz. hedging already - these profits help my stack grow
yes lets see. guess next week will be interesting also:
http://www.gotgoldreport.com/2014/05/comex-gold-producer-merchants-report-record-low-short-positions-.html
as a matter of fact on friday shortcontracts in quantities of 30tons of comexgold were dumped into market although comex just has/owns 22tons. all that happened within 10minutes after market open. this is saying me that the smash was well orchestraded. and that gold (and silver) found their bottom and regained a little by marketclose is a good sign for next week.
death cross? check that oneis here:
http://www.zerohedge.com/print/489112
combine the 27 red flags and europes new toxicplan. this smells!
The European Central Bank and Bank of England on Friday outlined options to reinvigorate the market for bundled bank loans, which was “tarnished” by the global financial crisis, saying a better-functioning market for asset-backed securities can help boost lending to the private sector, particularly small businesses.
Yes, the ECB is now energetically trying to revive the a market for asset-backed commercial paper (ABCP)—-the very kind of “toxic-waste” that allegedly nearly took down the financial system during the panic of September 2008. The ECB would have you believe that getting more “liquidity” into the bank loan market for such things as credit card advances, auto paper and small business loans will somehow cause Europe’s debt-besotted businesses and consumers to start borrowing again—- thereby reversing the mild (and constructive) trend toward debt reduction that has caused euro area bank loans to decline by about 3% over the past year.
What they are really up to, however, is money-printing and snookering the German sound money camp. That is, the ECB is getting set to launch QE in financial drag by purchasing or discounting ABCP while loudly proclaiming that it’s not “monetizing” any stinking sovereign debt!
http://davidstockmanscontracorner.com/here-comes-qe-in-financial-drag-draghis-new-abcp-monetization-ploy/
http://theeconomiccollapseblog.com/archives/27-huge-red-flags-for-the-u-s-economy
good. but take care - and be quicker than the others! Groupthink 101: What All Goldman Sachs Clients Believe Will Happen
At the beginning of the year, all - as in all - of the smart money expected a rising yield environment and a recovering economy. They were all wrong. Oddly enough, they still believe pretty much the same, using seasonal scapegoats to explain away their mistakes. As for what the most selective subset of the smart money believes, here is Goldman's David Kostin with the summary: "Almost all clients have the same outlook: 3% economic growth, rising earnings, rising bond yields, and a rising equity market." Goldman's own view doesn't stray much: "Our S&P 500 targets of 1900/2100/2200 for end-2014/2015/2016 are slightly more conservative but generally in line with consensus views." And of course, when everyone expects the same, the opposite happens... even if this is one of those financial cliches we wrote about yesterday.
More observations on Groupthink 101 from Goldman:
This week we met with a large cross section of our institutional clients and everyone agrees with the following consensus outlook: (1) the US economy will reaccelerate to a 3%+ GDP growth rate beginning in the current quarter; (2) S&P 500 earnings per share will rise by roughly 8% to $116; and (3) the US equity market currently trades around fair value.
S&P 500 has advanced 4% YTD and stands at an all-time high of 1920. Our multi-year S&P 500 targets remain 1900 at year-end 2014 (-1% versus
today), 2100 at the end of 2015 (+9%), and 2200 at the end of 2016 (+15%). Most clients agree with our outlook of rising US equity markets but expect the targets will be reached sooner than we anticipate, in many cases by about 12 months. If S&P 500 climbs to 2100 by the end of this year and bottom-up earnings converge to our top-down forecast, the market will have a bottom-up forward P/E of 16.8x vs. 15.7x today.
Clients also have a consensus outlook for the bond market. Although interest rates have confounded most fund managers this year with 10-year Treasury yields falling from 3.0% to 2.4%, investors uniformly expect rates will rise by year-end 2014. Most cite a target of 3.0% to 3.25%. According to Consensus Economics, disagreement about rates is low relative to postcrisis history. The mean 12-month expectation for 10-year Treasury yields equals 3.5%, with a standard deviation of 27 bp. With the exception of a few outliers, almost all estimates fall between 3.4% and 3.8%.
Ten-year US Treasury yields are at the lowest level in nearly a year. Debate exists whether the 2.4% yield reflects (1) weak 1Q GDP, (2) shortage of AAA-rated assets, or (3) a deteriorating long-term economic outlook. Regardless of the reason, measures of implied interest rate volatility suggest low uncertainty and dispersion about current interest rate levels. Our bond strategists continue to forecast a 3.25% yield by year-end 2014.
The ultimate reason for the fall in yields does have implications for our medium-term equity outlook. If rates are lower due to a growth soft-patch or thanks to supply/demand imbalances there is a benign, and perhaps even positive, impact on the stock market as growth improves. However, risks to long-term growth would outweigh any short-term benefit from lower yields. In terms of the economic outlook, minimal difference exists between Goldman Sachs US Economics GDP forecast and consensus. We forecast 2Q annualized GDP growth rate will surge to 3.7%, up from -1.0% in 1Q, and growth will exceed 3% during the balance of 2014 and in 2015. Consensus expects 2Q growth of 3.5% and growth of 2.5% in 2014 and 3.0% in 2015.
In terms of profit growth, our forecasts of sales, margins, and earnings are close to bottom-up consensus estimates. Our top-down model forecasts 2014 year/year revenue growth of 6% compared with consensus of 5%. We anticipate flat margins of 8.9% this year while analysts expect margins will climb to 9.3%. However, from an EPS perspective, our top-down 2014 forecast of $116 per share is nearly in line with the bottom-up consensus of $117. Our 2015 forecast of $125 is slightly below consensus of $130. That difference stems from a nearly 100 bp gap in margin views (we expect 9.0% vs. consensus of 9.9%). Information Technology is the key sector to watch.
In terms of valuation, most of the metrics we use suggest the S&P 500 trades around, if not slightly above, fair value. In aggregate, S&P 500 trades at 15.7x forward 12-month EPS, above the 35-year average, and at 17.7x trailing EPS, about one turn above the average trailing P/E since 1921. The median stock trades at 16.9x forward earnings which is more than one standard deviation above the long-term average.
Other valuation metrics such as the Shiller cyclically-adjusted P/E ratio suggest the market is 30%-45% overvalued while our Normalized EPS framework suggests a more modest 10% premium to fair value. Valuation approaches based on interest rates (both real and nominal) lead us to the similar conclusion using either Treasury or corporate bond yields.
The constructive consensus outlook for the equity market masks the fact that 2014 has been an extremely difficult stock picking environment. As noted previously, dispersion of returns across the S&P 500 and within sectors ranks in the first percentile relative to the past 30 years. In addition weak performance in Consumer Discretionary and strong returns in Utilities run counter to the positioning of mutual funds and hedge funds. Both sector performance and dispersion have improved very modestly over the past two weeks, offering some hope.
CHART:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/GS%20Exhibits.jpg
heard/read you are doing fine toofuzzy. all good over there?
thx for informative comment. Its also in my belief that we see a new low at next option expiration date in last week of june or so but after that JNUG should run quick. actually we've seen in february how fast this thing runs when lights switch on green
harvey is delivering updated COT figs and comments. thx! great analyses! under these circumstances I can imagine that we might see in last week of june the low 17 before the real reversal starts. ur right bert, still there are massive short OI to get rid off. but nevertheless, for stackers of the real stuff I personally think present times are now great opportunities and chances to buy phyz! isn't it?
http://harveyorgan.blogspot.hu/2014/05/may-30another-raid-on-goldsilvergld.html?m=1
In general yes adamp. on silver I do not think so. the last option expiration weeks were hard in general, but after a massive cartell raid silver recovered and gained back up from the 18.60 level (which was an important level as I noticed already on tuesday, when it started) to almost 18.80 which suggests cartell will take a break bashing silver next week. Also its in my guess that cartell covered loads of their shortcontracts (as seen in gold but have no figs on silver).
however, GOFO rates turned positive
http://www.quandl.com/OFDP/GOLD_3-LBMA-Gold-Forward-Offered-Rates-GOFO
the fact gofo rates swinged back to positive rate structure combined with gold and silvers positive performance on friday afternoon session in an opt.exp. weeks let me believe that next week silver will go back to 19+ levels.
Silver's OI appears to be driven by an increase in short positions in the Managed Money category, so hedge funds are presumably anticipating the July contract running off the board. Anyway their shorts are now at a new record high, which is technically bullish.
CHART follow link below:
http://www.goldmoney.com/research/updates/market-report-gold-and-silver-fell-sharply
It's worth remembering that Managed Money, which is another way of saying "hedge funds", rarely takes a straight bet. Instead this category buys or sells precious metals as a counterpart to positions in other markets. So selling down gold and silver futures while physical demand still outstrips supply is to some extent a counterpart of bond and equity positions. And here it's worth noting that bond yields have collapsed this year, as shown in the chart of UST 10-year bonds.
.........
Blood in the street elsewhere? yes:
The mainstream media is latching on to the idea that all is not well in the world of 'markets'. The FT's Gillian Tett notes that, as we have vociferously explained, almost every measure of volatility has tumbled to unusual low levels, "this is bizarre," she notes, "financial history suggests that at this point in an economic cycle, volatility normally jumps." But investors are acting as if they were living in a calm and predictable universe, "[Investors in] the options markets are not pricing in any big macro risks. This is very unusual." In reality, as Hyman Minsky notes, market tranquility tends to sow the seeds of its own demise and the longer the period of calm, the worse the eventual whiplash. Tett concludes, that pattern played out back in 2007... and there are good reasons to suspect it will recur.
No matter what asset clas you espy, volatility levels are at or near record low levels (record high levels of complacency)...
SEE CHART and read more:
http://www.zerohedge.com/news/2014-05-30/market-tranquility-sowing-seeds-its-own-demise
http://www.ft.com/cms/s/05a4b31a-e5ae-11e3-aeef-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F05a4b31a-e5ae-11e3-aeef-00144feabdc0.html%3Fsiteedition%3Duk&siteedition=uk&_i_referer=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2014-05-30%2Fmarket-tranquility-sowing-seeds-its-own-demise#axzz33I620FwE
This week gold and silver fell sharply. The principal reason was the expiry of the June gold future contract on Comex, whose open interest has unwound 120,000 contracts in the last six trading sessions. Some of this has been rolled forward, but Open Interest still took a bad knock as shown in the chart below.
As of this morning there are only 5,454 June contracts left to sell or roll, so this selling pressure is effectively over. In silver, which has not been pressured by an active contract expiry, open interest has been increasing steadily, as shown in the next chart.
(follow link below)
Silver's OI appears to be driven by an increase in short positions in the Managed Money category, so hedge funds are presumably anticipating the July contract running off the board. Anyway their shorts are now at a new record high, which is technically bullish.
It's worth remembering that Managed Money, which is another way of saying "hedge funds", rarely takes a straight bet. Instead this category buys or sells precious metals as a counterpart to positions in other markets. So selling down gold and silver futures while physical demand still outstrips supply is to some extent a counterpart of bond and equity positions. And here it's worth noting that bond yields have collapsed this year, as shown in the chart of UST 10-year bonds.
It's not confined to US Treasuries: high-risk assets such as Spanish and Italian 10-yr bonds now yield an incredibly low 2.81% and 2.92% respectively. It is an open question as to how the gold price will react when these obvious anomalies are corrected.
Away from the hurly-burly of markets there have been some important developments for gold. Russia announced last week she had bought 28 tonnes of gold in April, despite her currency reserves being under pressure from capital outflows. Vladimir Putin stated at the St Petersburg International Forum that "for us (Russia and China) it is important to deposit gold and currency reserves in a rational and secure way". Given that currency reserves are always held in accounts at the originating foreign central banks, he must have been referring to gold rather than currencies.
Meanwhile China is expanding her control over global gold trading having invited a select group of western banks to participate in an additional trading platform based in the Shanghai free trade zone.
Thus, Russia and China are the geopolitical equivalent of a pair of purse seine net trawlers quietly encircling unsuspecting gold dealers in western paper markets. Watch what happens to the gold price when the bottom of the net is drawn together, cutting off any escape through lower prices before they realise they are fatally trapped.
http://www.goldmoney.com/research/updates/market-report-gold-and-silver-fell-sharply
"'When I use a word,' Humpty Dumpty said, in rather a scornful tone, `it means just what I choose it to mean -- neither more nor less.'
`The question is,' said Alice, `whether you can make words mean so many different things.'
`The question is,' said Humpty Dumpty, `to be master -- that's all.'"
OR:
As Abraham Lincoln said, it is the crux of human society.
"They are the two principles that have stood face to face from the beginning of time, and will ever continue to struggle. The one is the common right of humanity and the other the divine right of kings...No matter in what shape it comes, whether from the mouth of a king who seeks to bestride the people of his own nation and live by the fruit of their labor, or from one race of men as an apology for enslaving another race, it is the same tyrannical principle."
Abraham Lincoln, 1858
thx to jesse
Many of us who have been involved in the Liberty Movement for years or decades often forget that at one time, we knew little to nothing about the Federal Reserve. Here is a great video summary of the dark history of the Fed that you can share with friends and family in order to wake them up before it is too late. Now, if only we could educate the masses on the fact that the Fed is run by the same international financiers that control central banks in Russia and China - then we would have a powerful enlightenment on our hands that could stop the current drive towards engineered economic war...
VIDEO:
http://www.alt-market.com/articles/2161-the-federal-reserve-explained-in-7-minutes
exactely. all easy. as jessey said: I must have heard ten times on the financial news, as they discussed the awful GDP revision, that there is no inflation because gold is down. Ron Insana said that since gold is down $35 the last couple of days, that shows that there is no inflation.
Well, this is all perception management. They took most of the damage in the GDP number now. Why didn't they take it in the upfront number? Because it was too close to the fact. In this second revision they took it down dramatically to the negative. But now it is further a long, and the story about the odd winter weather effect has had time to gain traction.
The net result is that the next number is now important, and we are not looking at what just happened because it is so two months ago. And the comparison is set rather low for the next quarterly number, which I predict will come in much higher. All hail The Recovery™, fait accompli, just in time to influence the midterm elections.
Here is a link to a nice, concise description of what the basic tenets that Modern Monetary Theory stands upon.
I think I have made my own analysis of the theory fairly explicit. It has been tried many times. The key phrase is 'a currency issuer can never run out of money.' This is true. They can print all that they want. The critical variable is the 'value.' And as for value, 'the Jobs Guarantee Wage determines the value of the dollar.' And the Jobs Guarantee Wage is a function of the government.
It is a self-referential fiat standard, in the manner of the Alice in Dollarland in which we are beginning to find ourselves today. It will stand only so far as the force of law can reach. Generally that ends at the borders, but one can always hope for a one world government that is able to dictate the value of everything to everyone at their own discretion.
CME, LME Separately Work on Hosting a New Silver Fix
Two of the world’s leading commodities exchanges are competing to fix London’s silver fix.
The London Metal Exchange and CME each said Thursday they are separately talking with market participants about hosting a new pricing benchmark after the 117-year-old London silver fix is set for the last time on Aug. 14.
While the LME’s proposal is relatively advanced, CME Group is only in the early stages of considering a new silver fix, people with knowledge of the matter said. Both exchanges are considering benchmarks that are based on actual trades of the metal, as is the case with the current system.
“We are working closely with the precious metals industry and the [London Bullion Market Association] to reduce market disruption by helping to find a robust transaction-based way to set the daily spot price so the markets can continue to work efficiently and seamlessly,” said Harriet Hunnable, managing director of metals at CME Group.
The LME went one further, saying it already has a proposal that will “provide best-practice regulatory compliance while maintaining the global position of the London market.” The LME, which is owned by Hong Kong Exchanges and Clearing Ltd. 0388.HK -0.62%, said it would give more detail “at the appropriate time once the market consultation is complete.”
The news was met with cautious optimism.
“Our concern as a producer is being able to transact at the fix,” said Courtney Lynn, treasurer of Coeur Mining Inc., the largest listed U.S. primary-silver producer. “The challenge is going to be getting broad acceptance” of a new benchmark, she said.
A spokesman for the LBMA said no decision had been made as to who would administer the fix after Aug. 14.
As well as setting a price that is used by mining companies to settle sales contracts, the fix is used to price such derivatives as exchange-traded funds. It also affects global jewelry prices.
Ross Norman, chief executive of London-based bullion dealer Sharps Pixley, said he had concerns over the time frame.
“To replicate…a system that has developed over 117 years is tough to do,” he said.
The silver fix has gone through various iterations in its history. Most recently, it has been set daily at noon by way of a conference call involving representatives from Deutsche, HSBC and Bank of Nova Scotia. But the benchmark was considered unviable, according to people familiar with the matter. And after Deutsche Bank declared its intention to leave the process as part of a wider reduction of its commodities business, London Silver Market Fixing Ltd., which administers the fix, announced the end of the benchmark.
The silver fix and the gold fix, which is set by four banks and has been around since 1919, have recently come under the scrutiny of regulators as part of a broader examination of financial benchmarks in the wake of a global scandal involving the rigging of interest rates.
Spokespeople for Deutsche Bank and HSBC declined to comment. A spokesman for Bank of Nova Scotia didn’t respond to a request for comment.
http://truthingold.com/?p=4051
sure, many issues come in irs final stage::
...It is important to notice that even during the rising economic growth of the 50's and 60's that increasing interest rates led to a slowdown in economic activity. This is ALWAYS the case which debunks the entire argument of most mainstream analysis that the economy can handle higher interest rates. It may appear to do so in the short term, but higher borrowing costs erode the economic underpinnings.
"Rising Inflation Will Pull Interest Rates Up"
This is another "cart before the horse issue." Inflation is a function of stronger economic growth which leads to rising wage growth which allows consumers to buy "more" stuff which leads to higher prices. Let's add to the chart above to see the relationship between all of these variables.
As you can see wage and salary growth has the highest correlation to economic growth (follow the link and check CHART). With a sustainable trend in rising economic growth which leads to a corresponding trend to higher wage growth, inflation and interest rates will be remain subdued. As stated above, interest rates are a function of demand for credit. The demand for credit comes from increased levels of aggregate demand that leads to the need for higher production. Increased demand for credit by businesses increases monetary velocity through the economy which leads to rising inflation. Currently, those variables do not exist....
http://streettalklive.com/index.php/daily-x-change/2235-cnbc-confused-as-to-why-interest-rates-are-falling.html
The question must be raised whether a hidden party has joined Russia in the dumping process. It could be that an angry Saudi Arabia has decided to discharge large tracts of USTBonds, or maybe Iran in a new financial war flank attack. Perhaps even China, using its Hong Kong window, has a reverse flow with Gold bullion entering and USTBonds exiting in payment. The Dollar empire has been in a middle stage of collapse with QE3 blessed and the Taper a mere fiction, sustained by creative lies. Clearly, the Belgium Bulge indicates a late stage of collapse. The game is fast changing, using big hidden channels in the monetary war. Motives are easy to identify. Russia is complying with the sanctions, removing funds in the face of frozen accounts and obstructed channels. The Saudis are another newly designated public enemy of the United States, which always prefers to maintain a list of enemy states to keep the fascist war machine humming. The Saudis might be discharging vast tracts of USTBonds after learning that the London bankers stealing their Gold.
The latest pressures with Credit Suisse and even BNP Paribas to admit guilt has an odor about it. The USGovt is forcing merger with UBS and Societe Generale respectively, likely to enable easier Saudi gold account pilferage, a US fascist specialty. The ultimate vengeance by Saudi will be divestiture of USTBonds and full abandonment of the USDollar, followed by complete adoption of the Chinese Yuan and protectorate role. The Saudis soon will no longer have a conformity to the USDollar linkage to oil sales. The entire OPEC bloc will follow in a devastating blow to the USDollar. Later the final blow from that region of the world would be the formation and launch of the gold-backed Gulf Dinar. These steps would all be seen as declaration of war against US interests (common term used). The death of the Petro-Dollar might have a Saudi imprint in Belgium. Notice the Belgium Bulge Billboard, the beginning of their USTBond holding rise in November 2013 and unmistakably in December 2013 (at $257bn). It is a giant Red Herring in March at $381bn. When it surpasses half a $trillion, perhaps it will be a daily point of controversial debate.
more:
http://news.goldseek.com/GoldenJackass/1401423813.php
haha brilliant
prepared for minsky moment?
http://www.thestreet.mobi/story/12724898/1/kass-prepare-for-a-minsky-moment.html
concured!
thats cute!
alright. this chart looks fabulous tdy
thx. as soon as I'm off plane I'm gonna check, chart, proof, act and trade like a hmmmmmm pro?