"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[...]
Tag: market manipulation
Shocking Reason Why Germany, Netherlands And Belgium Are Repatriating Their Gold From U.S.
On the heels of today’s surprise German Bundesbank announcement that Germany allegedly repatriated 120 tonnes of gold back from the U.S. and Paris, today a 50-year veteran spoke with King World News about the shocking reason why the Netherlands, Germany, and Belgium are bringing their gold back home. He also discussed the mini-crash in China and the extraordinary move by the Swiss central[...]
The Fix is In: Why Gold Price Manipulation is Now a Global Effort – Rickards Commentary with Video
By James Rickards A lot of people think about gold as a percentage of total reserves. So countries have reserves. What percentage of your reserves consist of gold? For example, a lot of people are surprised to learn that the United States has 70 percent of its reserves in gold. China has about 1 percent of its reserves in gold. So people look at that and think that’s the imbalance. But[...]
Gold And Silver Markets Now Set For Spectacular Surge
With gold trading near $1,240 and silver above $17, it now appears both of these markets are setting up for massive moves to the upside. Included in the piece below is a key illustration as well as an important first target for the upside advance in the price of gold. Below is top Citi analyst Tom Fitzpatrick's key chart showing the breakout in gold along with his commentary which includes an[...]
Ditching the Dollar – Natural Act for a Dying Empire
By Jeff Thomas One of the symptoms of a declining empire is that it becomes less and less productive and therefore less relevant to other countries. Any empire, whilst in its prime, will have a strong currency. As its productive relevance declines, so will its currency. Invariably, its leaders attempt to keep the currency strong, in spite of the decline in national relevance. Rather than[...]
Oil above $100? Never again, says Saudi Prince Alwaleed
Maintaining production is ‘prudent, smart and shrewd’ By William Watts NEW YORK (MarketWatch) — A well-known Saudi prince is making a big call on oil, saying that the $100-a-barrel threshold will never be topped again. “If supply stays where it is, and demand remains weak, you better believe [the price of oil] is gonna go down more. But if some supply is taken off the market, and[...]
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in[...]
Asian Disenchantment with Western Gold Market Manipulation
The forthcoming launch of a gold kilobar contract by the CME group in Hong Kong is an element in Asian attempts to wrest control of gold benchmark pricing from the West. by Lawrence Williams A phrase at the end of a Reuters report on the forthcoming launch by CME Group of a gold futures contract in Hong Kong caught my eye. In commenting on the implementation of several gold futures trading[...]
When Next Crisis Unfolds, Fed Will Ask China to Revalue Gold! – Stewart Thomson
"America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day. When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program. This would allow China’s currency to become a competitor with the dollar. Equally importantly, it would allow the Fed to hide[...]
Where Will Gold End 2015 – $1,000, $1,325 or Maybe $2,500?
A look at the prospects for gold and silver prices in 2015 – and predictions of end year price levels for the two key precious metals. By Lawrence Williams Gold demand remains strong – notably in China and India. Well there’s nothing like being optimistic at the start of a New Year and there are certainly many factors to be optimistic about if you are a gold bull. Gold demand remains[...]