As the world continues to digest breaking news out of Greece, today the Godfather of newsletter writers, 90-year old Richard Russell, warned that the global crisis will get even worse, so investors need to dump all common stocks and buy gold and silver. Russell also discussed why even tougher times are still ahead for the world. Richard Russell: “I had expected an upside blow-off to occur,[...]
Tag: silver
TD’s Melek Sees Platinum at $1,600, Palladium at $860 in 2015
By Teresa Matich At the precious metals panel6 that rounded out Cambridge House International’s 2015 Vancouver Resource Investment Conference7, most of the discussion focused on gold8 and silver9. However, moderator Rob Levy did ask panelists one question about the platinum group metals (PGMs). Although only two of the four panelists offered answers — Bart Melek, TD Bank’s head of[...]
Optimism vs Pessimisim – Martin Armstrong
by Martin Armstrong Armstrong Economics There is little doubt that we live in interesting times. However, it is not always doom and gloom. What you have to understand is there will never be any change or reform without the doom and gloom. We have to crash and burn in order to create what Joseph Schumpeter called Waves of Creative Destruction. [...] There was the Great Depression, which everyone [...]
Fed President Drops a Bombshell Yesterday: Fed Removed QE3 Too Soon
by Pam Martens and Russ Martens Wall Street on Parade The monetary policy arm of the U.S. central bank, the Federal Open Market Committee (FOMC), is getting hammered this week. On Monday, two researchers at the Federal Reserve Bank of San Francisco chastised the FOMC for effectively wearing rose-colored glasses since 2007 and getting the rate of economic growth mostly dead wrong. (More on that[...]
History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro
by David Stockman • February 2, 2015 Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s democratic sovereignty or it can desperately[...]
Lies, Damned Lies, and Central Bank Forecasts – James Rickards
by James Rickards Daily Reckoning The most dramatic battle yet in the currency wars took place last month. It was the financial equivalent of a Pearl Harbor sneak attack… “I find it a bit surprising that he did not contact me,” IMF Director Christine Lagarde told CNBC’s Steve Liesman that day, “but, you know, we’ll check on that.” You can almost imagine the conversation[...]
The World Is Now Facing The Most Frightening And Dangerous Crisis In Modern History
from King World News With continued uncertainty in global markets, today a 50-year market veteran warned King World News that the world is now facing the most frightening and dangerous crisis in modern history. He warned people not to listen to the mainstream media, which is pleading with the public to “stay the course.” John Embry: “Gold and silver prices had a spectacular day on Friday, [...]
The Market Gage – Precious Metals Mixed This Morning
February 2, 2015 “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. Following the big sell-off on Thursday and respectable recovery on Friday, precious metals were weighed down in overnight trading as China released their weakest PMI data in over two years. This morning[...]
Putin Sends Nuclear Bombers Over English Channel: “Transponders Turned Off… Invisible to Air Traffic Control”
Russian President Vladimir Putin hasn’t been one to back down in response to sanctions against his country and attacks on his economy. Rather, he has stepped up not only his rhetoric, but his military activities as well. His latest move is yet another show of force to let the West know Russia is prepared to do whatever is necessary to protect its interests. The U.K.’s Royal Air Force[...]
Legendary Felix Zulauf’s Frightening Warning – World to Experience 5 Years of Brutal Crisis and Chaos
Today one of the legends in the busines, Felix Zulauf, issued a frightening warning to King World News that the world is going to experience 5 years of brutal crisis and chaos. The 20-year Barron’s Roundtable panelist also issued a dire warning about what to expect in the coming 5-year period of intense crisis and chaos. Felix Zulauf: “We have zero percent interest rates in Europe. We have[...]