Today billionaire Eric Sprott warned King World News that as entities are being wiped out overnight, Western central banks are nearing the point of total surrender. This interview takes a trip down the rabbit hole of desperate central banks coming to the realization that it's nearly game over. Eric Sprott: “I find it very ironic that the most volatile asset class these days is currencies. This [...]
Tag: crash
Why The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse
By Michael Snyder, on January 27th, 2015 We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers. For example, heavy equipment manufacturer Caterpillar is blaming the “dramatic decline in the price of oil” for much lower[...]
The Market Gage – Stock Sell Off Boosts Precious Metals
“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals found a good wind in its sails yesterday as the U.S. stock market sold off sharply recording the largest daily loss in three months. As several companies have missed their earnings targets, the[...]
Richard Russell Big Picture For Gold – Collapse In Russia, Commodities And A World Flooded With Liquidity
On the heels of the S&P downgrade of Russian debt, as the global markets impatiently await the FOMC decision, today the Godfather of newsletter writers, 90-year old Richard Russell, discusses the big picture of the collapse in Russia, commodities, and a world flooded with liquidity. Richard Russell: “Many years ago I predicted that in the future, the missing and most wanted item would be[...]
The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015
Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015? Could it be possible that the timing of major financial crashes is not just a matter of coincidence? In previous articles on my website, I have discussed some of the major economic and financial cycle theories and their proponents. For example, in an article entitled “If Economic[...]
When A Soaring Dollar “Reflects Loss Of Investor Confidence And Is Potentially Devastating”
For all those following the relentless rise in the USD and assuming this is a great thing for global markets, here is a must read take from SocGen's Kit Juckes. * * * GOOD DOLLAR, BAD DOLLAR The ECB is buying more bonds than expected, and from longer maturities. ECB President Mario Draghi was almost scornful of concerns about the lack of burden-sharing in the event of losses. Equities rallied, [...]
“Buy The Dip” In Gold; BofA-Merrill Lynch Says EURUSD Bounces Should Be Sold
"Gold is consolidating before its larger bull trend resumes," notes BofAML's MacNeil Curry looking for a move to $1345 and beyond. But it is today's modest bounce in EURUSD that they believe should be sold, and "seen as temporary and corrective of the larger bear trend." Via BofAML, €/$ is correcting. Bounces should be sold. €/$ is correcting higher. However, this bounce should be seen[...]
Stock Traders Flock to Gold – Monumental Market Turn
By Adam Hamilton Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major reversal in gold’s fortunes. And with their gold exposure remaining near extreme lows, they have vast buying left[...]
Almost 1,000 Tonnes of Silver Withdrawn From SLV Since December 1, 2014
by Ed Steer Yesterday In Gold & Silver The gold price rallied in early Far East trading on their Wednesday morning before getting capped in heavy volume around 2:30 p.m. Hong Kong time. It got sold down about six bucks from there, but once the noon London silver fix was in, the price rallied anew as the dollar index began to roll over in earnest. Then someone hit the “sell precious[...]
Boom: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
"If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. Currently, the price of U.S. oil is sitting at $45.76 a barrel. It has fallen by more than 60 dollars a barrel since June. There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst[...]