We have some “Johnny One-notes” on this message board. You know who they are. And they will know who is being referred to when we point to the fact that their only commentary on the precious metals (PM) sector is that it is headed for ZERO. It is the kind of stupid bloviating that apparently has to be considered part of the territory on a public message board populated by automatons that say the same things over and over again.
What is happening in the commodities market is directly related to events in Chinese financial markets, currently in a melt-down. This issue has been totally ignored by Wall Street sages as it relates to plunging PM prices. How can supposedly savvy gurus ignore the impact of the losses suffered by a part of the Chinese population that is heavily invested in financial markets, which is about equivalent to the whole population of the US?
The following quote is from an editorialist that seems to have a grip on commodity market realities:
“...But the truth is the meltdown in China is already spreading all around the Asia Pacific region. For example, Taiwan’s year over year export growth has hit multi-year lows due to collapsing trade with China.
But perhaps the biggest indicator of the magnitude of China’s slowdown can be found in the global commodities market. Most pundits are trying to link the recent selloff in commodities strictly to the rising dollar as measured by the Dollar Index (DXY). But that Index is actually down about 3% since March. During which time the rout in precious and base metals, energy and agriculture has greatly accelerated. ...”
This quote from: “The Real Message Of Plunging Commodities” by Michael Pento
A well known very expensive newsletter service claiming 1000+% gains previously brought forth what they term as information only available to subscribers that in October the Chinese Yuan will become a reserve currency. Really? Even as the Chinese financial markets continue to plunge? Buyer beware.
Excellent points about the expected results if rates were raised.
There is also another part to this. Raising rates would impact Euro countries quite negatively. While it would increase the value of the dollar it would also damage the US economy. Foreign goods would become cheaper, while the job losses here would reduce demand for those same foreign goods.
The Fed has painted themselves into a corner they will never be able to get out of. It is the typical conundrum of the criminal.
There is no way to overcome loss of integrity; no matter how massive is the criminal enterprise. Eventually reality overcomes all attempts to create propaganda to cover the lies as the minions of those who do not want to participate in the lie flee the inevitable doom it creates.
It is just a matter of time till some untoward event spins the whole corrupt system out of control. When is the unanswered question? John Maynard Keynes supposedly said: “Markets can remain irrational longer than you can remain solvent.”
It is the height of irrationality to expect paper money to retain its value. That is the historical record, but it is quite possible that the fraud we are imbued with could last for many lifetimes until it dies a slow economically painful death to those who must survive the massive fraud of irredeemable currency. It began its birth in 2013 and now is 102 years old and possibly precedes that if Continental currency and the Greenback are included here in the US. The Wall Street gangsters are betting on that record in order to be able to stretch out their criminal intent for at least another 100 years. To beat them your only option may be to pass the torch, defined as real assets, onto your heirs.
If you are asking for a link to the information, do your own due diligence. In our area yesterday we observed a freight train of more than 100 railroad cars carrying nothing but military vehicles. It did not pass notice by us the glares of those waiting at the RR crossing and imagining what might be going through their minds based on the expressions on their faces.
Previous to that there were videos placed on the internet by local people that live near Lancaster, CA, showing literally miles of military vehicles stored openly, some described as carrying shackles and, others carrying what appeared to be coffins, stored near Highway 15. The same sorts of videos are currently available on the Internet in Texas.
This has the implication of becoming a future violation of Posse Commitatus, which apparently General Wesley Clark feels is within his purview to do, based on his statements in an interview. The weenie that interviewed him tossed the General a bunch of softballs without questioning the legality of his viewpoints on concentration camps (FEMA camps). Now if you have the courage to respond to this, please do. Otherwise you are viewed as one of the many that has no regard for the American concept of liberty, which is not that of the General, whose demeanor is more relevant to a NAWZI than anything else. Remember WE are the government, “not no stinking General” who must answer to civilian control, such as it is, and who appears to revel in the prospect of perpetual Middle East war,,as do his military industrial complex and central banks handlers.
So come out of hiding, O’Flaherty, with your 3 word commentary. The 1st Amendment to the US Constitution is no good unless you use it.
See: “Open Letter To Alexis Tsipras” by Keith Weiner
Just what companies like Yamana need, but what the central banks and their partners in crime don’t.
The following is a bit from it:
“...Begin by allowing the Greek people to use gold, free from legal tender laws and taxes on gold. Your people will begin accumulating savings again, which they desperately need to rebuild businesses. And speaking of building businesses, if you want to attract capital from the rest of the world, gold will do it like nothing else. Dollar denominated bonds will attract tepid investment, at best. With gold bonds, Greece can raise unlimited amounts. At least it can get as much honest credit as it needs. Honest means that the borrower has the means and intent to repay. It means credit is financing productive enterprise that generates income to amortize the debt....”
This will put all the fiat money criminals on street corners with their tin cups. Or maybe the People will finally learn how they’ve been scammed and mete out appropriate justice. Everyone probably has their own view of “appropriate”, but here it is believed that the Coinage Act of 1792 does a fine job of that.
Notice that Weiner doesn’t point to the false argument the fiat crowd does about the “limited” quantity of gold. Notice also that Trump is wagging the dog by failing to mention this as a solution, just as all those vying for political office are desperately weasel wording around this as a solution to the problems here.
The criminal class has just about occupied every political and multi-national corporate executive office to come forth with such a solution. And where are the People, for that matter? Effectively brain dead?
There you go again, with your wishy-washy commentary.
Of course you never do any of the aforementioned; nor does anyone.
There are legions of others, however, that are attempting to do so ... and failing miserably at it. Forget about all the gurus that say the bottom is about in.
There is ONLY ONE THING that will turn the precious metals (PMs) market around and that is an event that spins out of control of the central banks. That will be the bottom for PMs. Forget about charts, guru predictions, government statistics, main stream media reports and a ton of other propaganda we are flooded with every day.
These dolts are attempting to go against thousands of years of history, thinking that the advent of the computer age will save them from the failures of the past. It won’t, and they know it. That’s what the plans for population control, such as Jade Helm, FEMA camps (a euphemism for concentration camps), regulations counter to the US Constitution and many others beyond the character restrictions of Yahoo are all about. The best that we can do is to prepare to defend ourselves against the evil plans of the control freaks. Without specifying precise details there are those who read this who will know what is required, which is not much different than when our Declaration of Independence was written. You can grovel on your knees or stand on your feet to defend your interests and that of those you hold dear as defined within that document.
AMZN has raised its prices and the cost of shipping. Further much of their merchandise is shoddy junk from China that lacks variety as would be expected from a centrally controlled economy. The graph of AMZN is going parabolic. That is a red flag. Soon the “pigs” are going to get slaughtered as the major stock indices take the elevator down. All the professional market watchers in the PM sector are calling for this event because the advance is artificially induced by the Fed.
This is the same scenario for Costco. People aren’t very smart. They buy out of habit from places that USED to have good prices, not taking note of the increases. In the case of Costco the small independent markets are beating the pants off of Costco on the price issue.
As far as comparing Amazon to Yamana, don’t be surprised if their graphical pathways cross along with a significant general market downturn.
There is not really much to say about this state of affairs, except that it was suspected.
Central banks wield power that is not in the hands of anyone else. The comment by Mayer Amschel Rothschild still stands as well today as when he make the comment: "Give me control of a nation's money
and I care not who makes the laws."
Today this control using fiat money is nearly universal. World banks are electronically interconnected and NONE of them have any love for precious metals (PMs) in the hands of anyone else besides themselves, despite all this talk about “currency wars”. The more intelligent among you who read this will know what it implies for everyone outside the circle of the elitists, and why PMs have fallen so drastically and will probably continue to do so until there is literally no farther than it can fall. Whoever correctly determines the bottom for the PM sector will become truly wealthy. It is stupid to listen to those who always say, “...today I bought a boatload of AUY stock because I expect it soon will be worth much more.” Really? And when is “soon”.
The trouble is you haven’t provided YOUR reason, making it a rather useless comment that could be taken in different ways.
Let’s say AUY goes to $1/share. Then let’s say the gold market turns around and gold goes from $1,100/oz to $2,000/oz. At that point let’s say AUY is now priced at $25/share. Could that be the lesson you are talking about?
That’s a really lame response. We understand what you are saying, but why not say it so others will understand. At least then you’ll have to reveal you’re too afraid to point the finger at the real culprit.
So you think David Rockefeller is an intellectual idiot. The trouble is he, and those he associates with, are the source of the information. Go do your own DD and get it straight from the “conspiracists”.
“...in Rockefeller's 2002 autobiography "Memoirs" he wrote: "For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as internationalists and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that's the charge, I STAND GUILTY (emphasis added), and I am proud of it."
You apparently think what goes on at the secret Bilderberg, Bohemian Grove, CFR, Illuminati, TriLateral Commission and other similar secret meetings of the super rich and well connected are simply innocent social events. You, as an Al Gore supporter, probably even buy into the global warming thesis. Dream on brother. These gatherings are not to improve your standard of living, but are brain storming sessions to do exactly the opposite.
All of this enormous wealth in the hands of a few was stolen through the establishment of fiat money by the same. That’s what the Jekyll Island meeting in 1910 was all about. It’s as simple as the quote attributed to Mayer Amschel Rothschild: “Permit me to issue and control the money of a nation, and I care not who makes its laws!”
We know, that if you have a response, as usual it will be non-specific and backed up by nothing. It is suggested that you know what you are writing about before you decide to post here. Truth is always welcomed. That which purports to be truth but is not, is not.
Any who think the scenario presented by Roberts and Kranzler was not planned is naïve. It is the one-world government scenario pointed out by none other than David Rockefeller in his book. This sums up all those who come together to plan the destruction of humanity. In order to bring it about they need to grab all the real wealth, including the mining companies that bring it into existence from Mother Earth. Remember that part of their strategy is to produce massive financial failures, whose losses are socialized; meaning the responsibility to correct those losses is in the hands of everyone else.
There is no information about where the elitists behind the hollowed out central banks have placed their assets, but it is probably safe to guess that, like the Chinese gold hoard, it resides with the elitists. Some would call the move of the elitists brilliant. Perhaps those who read this could be likewise “brilliant” were they able to print all required to exchange it for real assets. Pundits, outside the main stream media are pointing to the fact that, as a group, the super rich have as their objective the elimination of vast numbers of populations everywhere. What better way than to garner control of exchange mediums removing the ability of the dispossessed to survive.
Remember that central banks are not non-living entities. They are run by an extremely evil bunch of people behind the scenes with virtually no information as to who is really pulling the strings. For example, if you visit the website of the Asian Infrastructure Investment Bank (AIIB) all that is displayed are photos of participants and country flags; NO NAMES, but there are obviously many in the photos that are of European extraction. Some time ago it was stated that David Rothschild is/was on the board. Such a lack of detail is too bad. If they could be pointed out regularly, BY NAME, a reversal of fortunes for the rest of humanity would result. The courts would know who to go after.
Additionally we went through the top 10 companies in this funds portfolio. Some of them are really questionable. They have no trailing or forward P/E ratios. It looks like Holmes is using investor money to prop up failing enterprises. This fund must be on his "kill list".
...PM sector up. However, wait till the “other shoe drops” and the market REALLY crashes, like in China currently. Indices still have a way to go before hitting support. It’s wait & see whether the Fed will again throw funny money at the downturn to rescue everyone attached to the financial sector.
Too many here appear to be wringing their hands in despair as the whole sector continues down. We’re not sure of the reason. Shouldn’t people be happy, if they intend to buy, to be looking for a really good price point to do so? Maybe they, or at least some of them, are shorts trying to make others think we are near a bottom and therefore it’s time to buy.
We do have some disagreement with your comment about “big money”. If it is really in that category it looks for 100’s % in gains.
We think that the continuing plunge in the Chinese stock exchange, and now the major indices here appear to be heading down, and that we should be gleefully looking for really good prices to buy. If it was anything else, like the latest greatest iPhone, they would be looking for the best deal where to get it at the cheapest price.
It’s understandable that many have a lot of money tied in at higher prices and maybe expended all their dry powder so they can’t take advantage of lower prices. But even these could make up their losses by buying near the bottom. Some of the companies in this sector could eventually achieve 1000%+ gains when the bottom is in. That would sure make up for a lot of what many are considering losses, realized and unrealized.
For all of the faint hearted, here’s something to remember. There has NEVER been a fiat currency in history that hasn’t eventually gone to ZERO. Remember also, that markets can go against you longer than you can remain solvent (paraphrasing a comment attributed to Keynes). This means that it is absolutely essential to wait for the REAL bottom before buying.
You are missing a fundamental reason why gold is plunging. Why no one was talking about this previously shows either stupidity and incompetence by the gold sector gurus, or an indication that they are in bed with the banksters, along with precious metals mining managements, like Macaroni, to make sure the Joe Six Pack crowd doesn’t come on board at the right time to the gold bug band wagon.
There have been stories about the irrational exuberance of Chinese stock market participants, but none pointing to the probable outcome: See the previous post.