Jim Sinclair: Great Train Robbery in Progress- Goldmans of the World Are Going Massively Long Gold

from Silver Doctors:

Jim Sinclair (who called the current bull market before anyone over a decade ago) has long maintained that the bullion banks would make the lions share of the profits in this massive secular bull market, not the average gold investor.

Sinclair has sent an alert to metals investors today, advising that the current massive take-down in the metals is the end-game, and the Great Train robbery is in progress in which the [...]

Warning: Survey finds small business hiring is set to plunge next year. Net hiring expectations have declined to levels last seen in late 2008… Such low expectations were followed by massive layoffs in early 2009.

From Global Economic Trend Analysis:

A Gallup random dial poll of 607 small businesses conducted November 12-16 2012 asked the question “Over the next 12 months, do you expect the overall number of job positions at your company to increase a lot, increase a little, stay the same, decrease a little, or decrease a lot?”

The net survey results show Small-Business Owners’ Hiring Intentions Plunge.

U.S. small-business owners expect to add fewer net [...]

HUSSMAN: I Expect ‘Significant Market Events’ Very Soon

Bearish fund manager John Hussman says the latest selling is the classic version of how overvalued markets come to their end…

Since late-February, our estimates of the market’s prospective return/risk tradeoff (over a set of horizons from 2 weeks to 18 months) have persistently held in the worst 0.5% of all historical observations. It’s always important to emphasize that we try to align ourselves with the average return/risk profile that has historically accompanied the particular set of investment conditions [...]

Controversial report explains why another housing collapse could be coming soon

From Keith Jurow on The Money Game:

After being one of the few analysts who was correct in stating for the past two years that there is no housing bottom in sight, it’s time for me to tell you what I see ahead.

Housing pundits are nearly unanimous in declaring that housing markets are showing signs of bottoming. This is nonsense!

… Let’s put this housing credit bubble and collapse in historical perspective. [...]

FRIDAY OUTBREAK: This will be the most severe day this year!! ALERT: Severe weather moves into the Mississippi Valley and Tennessee Valley today. Tornado threat across south-central PA into western MD and WV!!!

“I am getting increasingly concerned for a tornado threat across south-central PA into western MD and WV” on Friday,

“Severe weather moves into the Mississippi Valley and Tennessee Valley today. Friday, it’s PA, MD, WV, VA,”

https://twitter.com/#!/breakingweather

Severe storms possible later today/tonight in parts of TX, LA, MS, AR, AL, TN, KY, IL, IN, OH, GA, MO 

http://www.spc.noaa.gov/products/outlook/archive/2012/day1otlk.

 

Jesse Ferrell
FRIDAY OUTBREAK: This will be the most severe day this year. TWO MODEL OPINIONS on when [...]

Obama heading towards defeat

Gallup is out with a look today at some key indicators that look troublesome for Barack Obama’s re-election prospects this fall.

 

There are three main indicators, which Gallup looks at from historical perspective to judge Obama’s prospects this year. They are his approval rating, economic factors and Americans’ view of the direction in which the country is headed.

So, first is Obama’s job approval. At 47 percent in May, it compares with other presidents that have [...]

Silver One Year After The Peak: On The Brink Of The Next Big Move

It was exactly one year ago this weekend. After a seven-month meteoric rise that began the moment Ben Bernanke completed his now legendary Jackson Hole speech in late August 2010, Silver reached a climatic peak on April 28, 2011. The year that has since passed has been far more humbling for the white metal. But with speculative cleansing comes new opportunity. Although the price activity in Silver is now relatively [...]

Controversial post: This coming crisis could dwarf 2008

From Jim Quinn’s The Burning Platform:

“Human history seems logical in afterthought but a mystery in forethought. Writers of history have a way of describing interwar societies as coursing from postwar to prewar as though people alive at the time knew when that transition occurred.” – Strauss & Howe - The Fourth Turning

Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self-proclaimed experts on the Great Depression predict an economic [...]

Detroit Preacher: ‘Isn’t The Mood In This Nation That White People Are Better Than Black?’

DETROIT (Talk Radio 1270) The Detroit reverend who shouted that residents would “burn the city down” if the state approves an emergency financial oversight board defended himself and lobbed even more racial bombs during a radio appearance this week.

Rev. Malik Shabazz called the Charlie Langton Talk Radio 1270 morning show where he spent an entire hour discussing the disastrous state of Detroit. “The state of Michigan did that to us,” he [...]

Europe Is Heading For a Crisis in May-June

by Phoenix Capital Research

 

Since August I’ve been calling for a collapse in Europe. Obviously I’m way early here, largely due to the ECB’s intervention in the markets. I also underestimated the extent to which leaders would push to hold things together. After all, Greece had already received bailouts in excess of 150% of its GDP and still posted a GDP loss of 6.8% in 2011. It’s hard to believe they’d want to accept more austerity measures [...]

How Quickly Can Price Inflation Explode To The Upside? The Answer: Very Quickly.

by Robert Wenzel

Economic Policy Journal

The answer: Very quickly.

Amity Shlaes is a senior fellow in economic history at the Council on Foreign Relations. Her writings are followed carefully by the top of the top at CFR. And to a significant degree she uses Hayekian business cycle theory in analyzing the economy. She also has the distinct honor of being hated and attacked by the Keynesian Paul Krugman.

In other words, take her very [...]

Top economist: Inflation could soar faster than anyone expects

From Economic Policy Journal:

… Amity Shlaes is a senior fellow in economic history at the Council on Foreign Relations. Her writings are followed carefully by the top of the top at CFR. And to a significant degree, she uses Hayekian business cycle theory in analyzing the economy. She also has the distinct honor of being hated and attacked by the Keynesian Paul Krugman.

In other words, take her very seriously.

Yesterday, I [...]

FBI Director: I Have to Check to See If Obama Has the Right to Assassinate Americans On U.S. Soil

Washington’s Blog
March 9, 2012

Yes, Obama Claims Power to Kill Americans on U.S. Soil

Fox News reports:

FBI Director Robert Mueller on Wednesday said he would have to go back and check with the Department of Justice whether Attorney General Eric Holder’s “[criteria] for the targeted killing of Americans also applied to Americans inside the U.S.

***

“I have to go back. Uh, I’m not certain whether that was addressed or not,” Mueller said when asked by [...]

Charles Hugh Smith: What’s Next for Capitalism After the Current Version Implodes?

Has the centralized nation-state model of global capitalism finally reached its autumn?

Predicting the end of Capitalism has been a popular pastime since the term was coined. The reason why this particular parlor game is so fruitless is that Capitalism is not monolithic or static–and neither is socialism, the other great ideological umbrella that covers a variety of systems and iterations of State/collective ownership of assets.

If we take the long-term historical perspective [...]

Send in the Islamists: From Arab Spring to Cold War Winter

Essential Intelligence
February 14, 2012

This report reviews the positions around the Middle-East Poker table, in the wake of the recent Russo-Iranian overtake of Syria, and while the whole world speculates about the true intentions of the USA regarding this region. The issues are covered from a broad historical perspective and delve into a detailed analysis of their military, geopolitical and economic aspects .

The American Game plan

The American purpose is not to [...]

Precious Metal Pullbacks in Perspective

by Jeff Clark of Casey Research

Pullbacks in Perspective

If you’re bullish about the long term for gold and silver, it’s mouthwatering to watch them undergo a major correction after taking earlier profits that added to your deployable cash. For a little historical perspective on pullbacks, consider the following charts.

The current 15.6% gold decline, while considered a “major” correction, is not out of the ordinary, particularly following the late summer spike. And after [...]

A simple gold fact that should help you sleep well at night

From Jeff Clark, Senior Precious Metals Analyst, Casey Research:

If you’re bullish about the long term for gold and silver, it’s mouthwatering to watch them undergo a major correction after taking earlier profits that added to your deployable cash. For a little historical perspective on pullbacks, consider the following…

The current 15.6% gold decline, while considered a “major” correction, is not out of the ordinary, particularly following the late summer spike. And [...]

Kurt Brouwer: Is another financial panic coming? By panic, I mean a stock market crash of 30% or more in the next 12 months

By Kurt Brouwer, MarketWatch

On September 15, 2008, Lehman Brothers failed and its collapse triggered a financial panic. This was the first true panic since the Great Depression or even perhaps since 1907.  A financial panic is very different from a regular stock market decline such as we saw in 2000-02 or 1973-74.  A falling stock market may be  scary, but falling stocks alone do not [...]

Fasten your seat belts: The stock market is unlikely to calm down any time soon

By Mark Hulbert, MarketWatch

CHAPEL HILL, N.C.  — Fasten your seat belts: The stock market is unlikely to calm down any time soon.

On the contrary, we’re likely to see more of the same kind of volatility that has characterized the markets in recent months — such as seen this week by Monday’s loss of $268 billion in the collective value of all U.S. stocks, followed by a $271 billion gain on [...]

From Barclay’s Capital: European Credit On Deck:

by ZH

Credit strongly underperformed equities over the past week, as the  market struggled to follow the equity rally sparked by weekend rumors about potential new sweeping initiatives to contain the sovereign crisis in Europe. While the Eurostoxx 50 has gained almost 9% since last Friday’s close, iTraxx Main is only 4bp tighter – well below the tightening expected given the recent relationship between the two [...]

Peak Silver?

The idea of peak everything has made a comeback over the last ten years, and it may not be a coincidence that this discussion has paralleled the rising prices of many commodities since 2000. However, thinking about resource scarcity is nothing new. Many alive in the 1970s will remember the book Limits to Growth, which is still debated decades after its initial publication. Whether or [...]

Understand History To Understand The Current Markets

Bob Chapman
International Forecaster
Aug 21, 2011

Every professional has their own method of analyzing markets, finance and economies, and some do well coming up with the direction of social and political issues as well. The other 97% miss one-half to two-thirds of the time. That is not very good and one asks why? The answer is simple they really haven’t studied history as well as they should [...]

White House aide Samantha Pwer credits Obama with triggering Libyan uprising

via Washington Times:

White House aide Samantha Power, a former news reporter turned anti-genocide advocate, said President Obama’s two-year campaign to promote human rights helped trigger the uprising in Libya against Col. Moammar Gadhafi’s rule.

In a speech Monday at Columbia University, Ms. Power, director of multilateral affairs at the National Security Council, defended her support for the military operation against Libyan government forces and said the president’s efforts, [...]

John Hussman: Borrowing Returns from the Future

by John P. Hussman, Ph.D.

It will come as no surprise that we continue to anticipate poor 10-year total returns for the S&P 500 over the coming decade. Our present estimate is about 3.3% annually, which includes dividends. That is about 1% less than the 10-year total return that we estimated just a few months ago, but this should make sense: historically, to the extent that [...]

It’s a great time to be rich: If the tax-cut extension becomes law, the next two years will be the best in living memory for many wealthy Americans to shield their income and fortunes. Reagan would be proud, Robert Reich writes.

via Businessweek:

“The climate we’ll have after this legislation is extremely favorable for wealthy families,” says Jeffrey Cooper, a professor at Quinnipiac University School of Law and a former estate planner who has studied the history of U.S. tax law.

Low Income Tax

The good news for the rich starts with income tax rates, which for top income groups would remain 35 percent , a rate enacted by [...]

This shouldn’t really be surprising for those who understand that we are in deflationary depression…

By Al Coryell
Host/Moderator

Since the 1970s, Robert Prechter of Elliott Wave International (EWI), has been warning that Elliott Wave Theory is predicting a major top to a giant three century wave which R.N. Elliott dubbed the Grand Super Cycle wave or GSC. The GSC wave spans back to the 18th century encompassing the South Sea Company Bubble in the early 1700s and all history since. [...]