Today’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce.
Gold climbed $15.00 or 1.16% Friday to $1,307.40/oz and silver shot up $0.37 or 1.82% to $20.74/oz. Gold and silver were both down for the week – 0.24% and 0.53% respectively.
Mark O’Byrne of GoldCore discusses silver and silver manipulation – see here
Silver for immediate delivery fell [...]
by Charles Hugh-Smith
Which appears more likely–a straight-line extension of the past two years’ rise in stocks, or another “impossible” decline to complete the megaphone pattern?
There are dozens of charts and data points supporting the case for a continuation of the Bull market in stocks or a reversal into a Bear market. For the sake of brevity I’ve distilled the two arguments into two charts, one for the Bull case [...]
“Obama is treated by the media as someone who is trying to bring about peace, when in fact everything he is doing is pushing us closer to the moment where thermonuclear war is inevitable… We’re under domination of this banking cartel which is destroying our physical economy and using us as a military force against those countries that actually want to break out of this transatlantic collapse.” – Harley Schlanger, [...]
By Michael Snyder
Nobody in the world loves locking people behind bars as much as Americans do. We have more people in prison than any other nation on the planet. We also have a higher percentage of our population locked up than anyone else does by a very large margin. But has all of this imprisonment actually made us safer? Well, the last time I checked, crime was still wildly [...]
http://usawatchdog.com/economy-will-c… - Gerald Celente, Publisher of The Trends Journal says, “We are looking at destabilization in the Middle East with no end in sight. It’s only going to get worse unless this killing and excuse for the murders from both sides stops.”
On the crisis in Israel with Hamas and the Palestinians, Celente says, “If this continues to increase at the rate it is going, it will be hell for everyone. There [...]
Late Friday, when the strategy folks at Goldman Sachs downgraded global stocks to “neutral” for the next three months, they gave a reason that would have been peculiar in normal times: “a sell-off in bonds could lead to a temporary sell-off in equities.”
OK, let’s forgive Goldman for flip-flopping. At the peak of the bubble, trigger fingers are nervous, and flip-flopping is the norm. Last week, [...]
By Michael Snyder
The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined. And 1.2 billion of those poor people live on less than $1.25 a day. There is something [...]
Get ready for 48 hours of economic fury
WASHINGTON (MarketWatch) — Get ready for 48 hours — and a little more — of the most intense outpouring of information on the U.S. economy you’re likely to ever see.
The schedule between Wednesday and Friday includes second-quarter GDP, a Federal Reserve decision, July payrolls, the July Institute for Supply Management manufacturing report and July car sales.
Get Ready For [...]
Mac SlavoJuly 27th, 2014SHTFplan.com
In January the U.S.-based Centers for Disease Control and Prevention warned thatthe next plane could bring a pandemic.
At the time, they were referring to highly contagious strains of deadly flu virus, but in reality any killer virus could travel around the globe in less than a day.
In March we warned that the deadly Ebola virus, which kills upwards of 85% of its [...]
21st Century Fox says it made offer to combine with Time Warner
Sunday on CBS’s “Face the Nation,” former Clinton administration Secretary of State Madeleine Albright said, “To put it mildly, the world is a mess.
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FINANCE AND LIBERTY:
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The top line represents the Russell 2000/SPY ratio. A 6-year support broke at (1), soon after that the S&P 500 broke below a multi-year support line at (2), which was followed by softness.
Now the Russell 2000/SPY ratio is breaking a 13-year support line of late.
Should investors “approach the markets with caution?” Will it be any different this time?
Here I thought it was only California who had guts enough to protest the federal government dumping illegal immigrants in their towns, but it sounds like some Americans in Massachusetts woke up and got to protestin’!
Read more: http://therightscoop.com/wow-huge-protest-against-illegal-immigration-in-massachusetts/#ixzz38cm7JgoT
BY JOHN WARD
Writing in the latest edition of The Spectator (a right wing weekly magazine published in Britain) the regular Daily Telegraph columnist Liam Halligan had this to say:
‘While the Fed has begun ‘tapering’, slowing down the rate of its de facto money–printing, the scale of QE remains vast, some $45 billion a month. That’s driven the absurd ‘bad news is good news’ mantra that still [...]
by Dave Hodges
Who would have ever thought that there would be people paid by both corporations and various governments to refute messages from the Patriot movement?
Also impacted are public opinion polls, product roll-outs and countering social media messages that are in opposition to elite political and business interests.
by Rory, TheDailyCoin.org:
I sat down with SGT Report regular Andy Hoffman, the Media Director at Miles Franklin Precious Metals to follow up his latest podcast, The Best Laid Plans. As many of you know Andy writes a daily newsletter for Miles Franklin and covers the markets from top to bottom.
Not only does his analysis dig down into the heart of the matter, he’s not afraid to speak the truth [...]
New York’s Division of Homeland Security is posting signs on businesses to encourage people to snitch on fellow citizens who buy such things as MRE’s (Meals Ready to Eat), ammunition, flash lights, match containers, gas masks and other items deemed to be ‘prepper’ in nature. http://www.truthandaction.org/ny-dhs-…
Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.
The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell [...]
by Michael Noonan
The magic of compound interest is well known. What is lesser known is the magic of the gold/silver ratio, not as a measure as it is mostly viewed, but as an application for increasing one’s holdings substantially, over time. What is so great here is that no magic is involved, rather simply utilizing the market to more than double your holdings.
So-called “Gold Bugs” are considered ardent supporters of the PM [...]
Facebook’s Mark Zuckerberg worth 33 BILLION Dollars, More than Google Founders
buncha conniving, corrupt, POS loser cuhntsThe worst kept secret in politics is perhaps the fact that if the scores of illegals flowing over the border were to vote Republican, then the Democrats would demand a wall be built tomorrow to keep them out. However, as many of us already knew the truth, Democrats have been determined to keep their “secret” a secret.Apparently, they’re not too concerned anymore if the American [...]
Sprott’s Tekoa Da Silva joins The Doc & Eric Dubin on this week’s Metals & Markets from the Sprott Natural Resource Symposium in Vancouver discussing:
PM futures roller coaster: metals smashed under $1300 and $21 ahead of options expiration, but close week with a strong Friday afternoon rally- is the take-down over?
When Amazon reported second quarter earnings, or rather losses, it surprised no one, though some people were surprised that it lost that much ($126 million). To make us feel better about those losses, and to be able to beat analysts’ expectations later, it preannounced losses between $410 and $810 million for the current quarter. Analysts fell all over each other dodging the question how a company [...]
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It usually takes an extended bull market to push “Monthly Momentum” to lofty levels. The above 2-pack looks at the S&P 500 and the DJ Transports on a monthly basis, back to the early 1980′s. The upper lines represents monthly momentum.
As you can see momentum reached lofty levels back in 1987, 2000 and 2007, before turning lower in the months to come.
The rally off the 2009 [...]
Marc Faber: ‘We have a bubble in everything!’
Timothy Pollard, Penions & Investments, Released on 7/24/14
Marc Faber, publisher of the “Gloom, Doom and Boom” newsletter warned against lofty asset valuations, excessive debt and investor complacency as he discussed his views on the market at a CFA Institute financial analysts seminar in Chicago Thursday.
In light of central bank monetary easing around the world, Mr. [...]
Greenspan says bubbles can’t be stopped without ‘crunch’
Another Obama lie!! http://t.co/77kSLeuI60 New IRS Form Proves Obama Lied About Individual Mandate Tax #tcot @ericbolling #thefive #greta
— Janie Johnson (@jjauthor) July 25, 2014
On Thursday the IRS released a slew of draft 2014 tax forms. The new draft Form 1040 shows a new surtax line has been created for the payment of the individual mandate surtax – see line 61 of the 1040:
President Obama has repeatedly denied that [...]
by Dave Hodges
In the last article, I presented this map and posed the question, why would the military make a decided effort to keep our Navy in a permanent state of readiness by conducting unprecedented and an unparalleled set of war games continuously going on off of our three coastlines and several of our overseas territories? Guesses ranged from positioning the Navy, Marines and a fair amount of the Air [...]
The current approaches for regulating nuclear plant safety in the U.S. are “clearly inadequate” for preventing meltdowns and “mitigating their consequences,” according to a report released Thursday.
U.S. safety regulations traditionally ensure that plants are designed to withstand ordinary equipment failures, power losses and the loss of ability to cool the reactor core — the part of a plant where the nuclear reactions take place. But this is not enough, according [...]
http://usawatchdog.com/weekly-news-wr… There are new allegations from the U.S. State Department about Russia actually shooting into Ukraine from the Russian side of the border. The State Department says Russian artillery is shooting at Ukraine army positions, and they have been doing so for weeks. Add this to the recent downing of the Malaysian jet, and you clearly get a picture of the situation in Ukraine getting far worse no matter who actually [...]
The U.S. Is the Only Country Which Supports Israel No Matter What It Does
Americans – living in a huge country which has never really been invaded, and as the sole superpower – are famous for being out-of-touch with how the rest of the world thinks.
So my fellow Americans will probably be surprised to learn that the U.S. is more or less the only country in the world which has a favorable view [...]
Earlier this month, the White House Office of Management and Budget released a 2014 budget update in which they stated: The 2014 deficit is now projected to be $583 billion, $66 billion lower than the $649 billion deficit projected in March.
That is some neat trick!? According to treasury.gov, the government has already chocked up $855 billion in deficit this year (October 1, 2013 to July 1, 2014) So somehow by the end of the [...]
Abenomics, the new economic religion of Japan, has kept some of its promises: It created inflation while wages stagnated, thus whittling down real incomes, further squeezed by the broad consumption tax hike. It devalued the yen by 25%, thus vaporizing a quarter of the wealth of the Japanese without having to tell them directly. And to make up for the tax increase on consumers, Abenomics [...]
AUGUSTA, Maine (NEWS CENTER) — The LePage administration is taking another step toward pushing welfare recipients to find jobs. The Department of Health and Human Services announced on Wednesday that, starting October first, “able bodied” adults with no dependents who get SNAP benefits — often called food stamps — will have to work 20 hours per week or do volunteer work. There are an estimated 12,000 recipients in Maine who [...]
July 28 (Bloomberg) – Bloomberg’s Elliott Gotkine reports on the continuation of rocket attacks in Gaza as U.S. Secretary of State John Kerry returns to Washington without a cease-fire agreement. He speaks on “Bloomberg Surveillance.”
“Is now the time to buy water?” enquired the email that showed up in my inbox earlier this week.
Its authors weren’t worrying about my dehydration levels. Rather, they were urging me to think of water in quite a new way: as a commodity to invest in.
Making money from water? Is this what Wall Street wants next?
After spending nearly 30 years of my life writing about business and finance, including several [...]
Many weapons used by Israel come from the US, a major supplier to the IDF. RT’s Marina Portnaya reports.