Resource guru Sprott: Your best chance to buy gold and silver could be ending soon

From The Gold Report:

The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.’s legendary Chairman Eric Sprott to broadcast a loud message of caution: “Fear the financial system.” In this exclusive interview with The Gold Report, Sprott says it’s time for people to take matters into their own hands and that means pushing further and further into precious metals equities [...]

Eric Sprott Cautions Investors to Fear the Financial System

JT Long of The Gold Report (8/27/12)

The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.’s legendary Chairman Eric Sprott to broadcast a loud message of caution: “Fear the financial system.” In this exclusive interview with The Gold Report, Sprott says it’s time for people to take matters into their own hands and that means pushing further and [...]

Greece is a desaster. Italy is the apocalypse. Italy is rolling over around 400 billion of debt this year. April will be interesting to watch.

The I.M.F. lacks the resources to create the much-discussed “firewall” to keep interest rates at sustainable levels for troubled euro zone economies. Italy and Spain together have total debts of more than $3.3 trillion, with Italy about to roll over $276 billion in debt over in the next six months and Spain about $150 billion. Just those two rollovers would wipe out the amount the fund has available to lend worldwide, about [...]

As the EUR cash crunch accelerates, the EUR should continue to catch a bid, at least until the market’s focus turns towards say the UK, or why not Japan. The very interesting question is whether gold will also catch a bid.

The Latvias Krajbanka was a formerly state owned bank where most old age pensioners still had their pension accounts. They can now withdraw $100/day max, and according to current plans I believe that all funds up to the guaranteed level are to be paid out by the state in 20 days. Anything above that level is probably lost. This simply guarantees that everyone in Latvia has been re-alerted to the [...]

Harvey Organ’s Daily Gold & Silver Report

THURSDAY, NOVEMBER 17, 2011

European bonds rise in yield/another gold and silver raid

Good evening Ladies and Gentlemen:

The world today experienced a frozen liquidity squeeze as bankers refuse to loan any money to other bankers.
The USA provided emergency swap relief as the global meltdown continues.  The bankers are now trying desperately to obtain whatever physical they can and thus they raid the paper comex.

The price of gold fell by 53.20 dollars to [...]

Greece Growth To Be Worse Than Thought

Greece’s finance minister has warned the country is sinking deeper into recession, with revised forecasts indicating negative growth of close to 5 per cent this year.

The new projection came as experts from the European Union and International Monetary Fund started assessing progress with fiscal and structural reforms before a decision is taken on releasing another €8-billion slice of bailout funding.

Evangelos Venizelos said in an interview [...]

A Trader’s View On US Equities & Why The Inevitable Pan-European CRE Collapse Has A Cousin In the US!

Tuesday trading update from Eurocalypse…

The SP500 daily chart has the same pattern than CAC.a squeeze could lead us to 1240 but I don’t see it really pushing any further out and I see the market being more heavy than Europe because we didn’t sell off as hard.

Contrary to the CAC points (see Eurocalypse Trading Update 8/16/2011 – French Markets and The Inevitable Pan-European Real Estate [...]