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Flash Crash in #GOLD A Real Whodunit « Jim Sinclair's Mineset

"Gold saw a massive 24 tonne sell order (7,800 contracts) at 08:20 a.m. New York time – bang on the opening of the world’s largest gold exchange – which produced a fall of 2.25% in the market price.

 

"If the selling was year-end profit-taking then it was inept. Dealers try and finesse big sell orders into the market to get the best (highest) price for the biggest volume they can and thereby optimize profit – that requires stealth. If on the other hand it was a “fat finger” episode as has been suggested with a broker said to be looking to roll his December gold futures contract then it was even more inept.

 

"More likely this could be a short play, with the seller looking to trigger stops below the market at $1730 and thus extend the move significantly lower and thus increase his profits. If so, he certainly caught the market on the hop as the move is counter-intuitive with everything else that is going on in the economy.

 

"Rising concerns about whether Democrats and Republicans can find common ground between tax increases and entitlement spend reduction remains to be seen. More importantly, the US reaches its law-enshrined debt ceiling of $16.4 trillion early to mid February 2012. That promises fireworks again as it did in August 2011 when gold hit an all time high of $1922 as the market stares into the abyss of a possible US debt default.

 

"Against the current economic backdrop, a short seller would have to be quite brave. In short, we will not know the identity or the reason for the sale for a while. Longer term gold investors should not however be deterred – the rationale for buying gold is as favorable as ever and a degree of patience required.

 

"Ross Norman
"CEO
"Sharps Pixley, London"
www.SharpsPixley.com

 

hat tip to Jim Sinclair's MineSet

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LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

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Thailand to launch its first physical gold exchange - Shanghai Metals Market

The Stock Exchange of Thailand (SET) is reportedly working towards establishment of the country’s first ever physical gold exchange. Thailand to launch its first physical gold exchange
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Destructive Forces Now Being Unleashed Across The Globe - King World News

Destructive Forces Now Being Unleashed Across The Globe - King World News | Gold and What Moves it. | Scoop.it
By Robert Fitzwilson of The Portola Group

January 26 (King World News) – Norm Crosby is an American comedian who is best known for his use of malapropisms in the routine. A malapropism is defined as “the usually unintentionally humorous misuse or distortion of a word or phrase”. When listening to the pronouncements of the central planners these days, it is reminiscent of listening one of Crosby’s routines, except that the central planners are not making us laugh. The malapropisms of the central planners are not jokes, just sadly conflicting and confusing statements attempting to cover up their predicament, their intentions and the destructive forces they are unleashing across the globe….
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oftwominds-Charles Hugh Smith: The Federal Reserve Has Declared the Winner in the Generational Financial War

oftwominds-Charles Hugh Smith: The Federal Reserve Has Declared the Winner in the Generational Financial War | Gold and What Moves it. | Scoop.it
The policy of safeguarding Boomer benefits with asset bubbles will lead to the destruction of the unprepared, the unwary and those who foolishly trusted our "leadership" and central bank to tell them the truth.

Though it is exceedingly politically incorrect to mention it publicly, a financial war between the generations is being fought in the U.S. and every other developed nation that has promised social welfare benefits to its burgeoning class of retirees.

The war is being fought on multiple fronts: political promises, interest rates, housing, central bank policies and official rates of inflation, to name a few of the top battlefields.

Though no one in power will state this publicly, the Federal Reserve has already declared the winner of the generational war: the Baby Boomers won and Gen-X and Gen-Y lost. Fed policies insure the Boomers will benefit from financial bubbles inflated by the Fed, and the following generations will lose--not just this year or next year, but for decades to come.
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Lawless Leaders Changing the World-Catherine Austin Fitts | Greg Hunter’s USAWatchdog

Lawless Leaders Changing the World-Catherine Austin Fitts | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it

Financial expert Catherine Austin Fitts says the world is changing through crime by our leaders.  Fitts contends, “We are dealing with a lawlessness that is happening with the build out of the global systems, which is very ugly.  If you look at what has happened to the Ukraine, so far, over a million people have lost their homes.  That’s pretty lawless. The fighting is getting very, very painful.  The other thing you have is as people see a power vacuum and the lawlessness of the leaders, they say hey let’s be lawless too.  It translates all the way down into our communities.  The lawlessness of drug dealing and organized crime is enormous, and it’s happening globally. . . . For markets to function, they require trust in the rule of law.  We’ve seen the breakdown in the rule of law.”

Fitts predicts that 2015 is going to be “volatile and violent.”  

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Gold Prices Outperforming Major Indices in January | SharpsPixley.com

Gold Prices Outperforming Major Indices in January | SharpsPixley.com | Gold and What Moves it. | Scoop.it

The U.S. Comex gold futures fell 1.51% last year but surged close to ten percent year-to-date, exceeding $1,300 again, a level last seen in August last year. This year, the gold futures have outperformed all other major market indices, with the Dollar Index rising 4.2%, the S&P 500 Index climbing 0.29%, the Euro Stoxx 50 Index jumping 5.7%, the CRB Commodities Index tumbling 29.55%, and the U.S. 10-year Treasury Bonds rising about 2.7%. The drama has been in the currencies where the Euro Dollar has fallen six percent and the Swiss Franc has jumped 15% against the dollar and 21% over the Euro month-to-date after the Swiss central bank has removed the cap of its currency against the Euro. The crude oil futures have plunged below $50 but may stabilize above the $45 level.

The ECB Delivers Sovereign QE
The ECB has finally decided to launch a comprehensive asset purchases program with ...

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Gold & Silver; Flight to QE | SharpsPixley.com

Gold & Silver; Flight to QE | SharpsPixley.com | Gold and What Moves it. | Scoop.it
The current situation is looking rather grim and almost every man for himself as central banks around the world is bracing to make changes in interest rate. Is it the fear of global deflation that summoned such drastic changes uncoordinatedly? Many investors deem the global economy is “steady as she goes”, it was a surprise move amid the stable outlook that was portrayed many times by high esteemed analyst and world economic organization (even the central banks) sounded more or less neutrally positive. Now it all seems like a big hoax, made to sell an ideology that was far from the ideal scenario. Not only has recent actions showed the lack of faith in the global economy, it paint that not one central banks can control or abate what is coming around the corner. Certainly there is an aspect of underestimating the overall situation which encourages the drastic move. One then wonder if 2015 has already started to bring false hopes and despite the safety light is off, one is better to have it on just in case more violent turbulence as the flight to stability (rather than prosperity) set to cause tremor.
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Buyers Take a Shine to Gold, Silver Again - American Hard Assets

Buyers Take a Shine to Gold, Silver Again - American Hard Assets | Gold and What Moves it. | Scoop.it
Jan 23 (Wall Street Journal) — Gold and silver are getting another turn in the spotlight, luring investors worried about slowing global growth and surprises by central banks.
On Thursday, the European Central Bank offered the latest reason to pile into precious metals by unleashing a bigger-than-expected bond-buying program amid continued worries about Europe’s economy. Gold futures ended above $1,300 a troy ounce for the first time since August, while silver neared bull-market territory, defined as a 20% increase from a recent low.
Gold and silver are drawing buyers of all stripes, a sign fears about a worsening economic outlook run deep in financial markets. The metals are popular havens for nervous investors but had fallen out of favor after setting price records in 2011 as the U.S. recovery gained speed. Now these metals are luring back some money managers, as collapsing oil prices, fears of a recession in Europe and volatility in currency markets shake their faith in stocks and other investments.
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This Is What Gold Does In A Currency Crisis, Euro Edition | Zero Hedge

This Is What Gold Does In A Currency Crisis, Euro Edition | Zero Hedge | Gold and What Moves it. | Scoop.it
Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.

So after falling hard in 2013 and treading water for most of 2014, the euro price of gold has gone parabolic in the space of a couple of months. This sudden rather than gradual awakening is the standard pattern for a currency crisis, mainly because it takes a long time for most people to figure out their government is clueless and/or lying. But once they do figure it out, they act quickly.
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The U.S. dollar is topping right now

The U.S. dollar is topping right now | Gold and What Moves it. | Scoop.it
“Today may be the very top in the U.S. dollar,” I told Liz Claman on Fox Business’ “Countdown to the Closing Bell” last Friday.

The U.S. dollar has soared over the last several months. And it has now become a crowded trade. I told Liz that no one expects the dollar to fall today… but that’s what I’m betting on.

I’m betting the long-term bull market in the U.S. dollar is ending right now.

Let me explain…

The absurdity of the U.S. dollar story is showing up all over. I laughed out loud when I read this headline on Bloomberg last week…

“UBS’s Richest Clients Seen Flocking to Dollars After Swiss Franc Shock“

The headline is just one of those classic “signs of a top” in the markets. Today, investors are flocking toward the dollar to an extreme degree.
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oftwominds-Charles Hugh Smith: Do We Want Solutions, Or Just What's Easy?

oftwominds-Charles Hugh Smith: Do We Want Solutions, Or Just What's Easy? | Gold and What Moves it. | Scoop.it
We are so brainwashed by centralized models of state authority that few can even imagine a system where the solution is not one centralized monstrosity ruled by a political/financial Aristocracy but a competing profusion of opt-in, transparent solutions.

Many readers ask me for solutions to the current arrangement's many ills. Seeking solutions is a healthy and positive direction, for highlighting what's broken is not only much easier than proposing solutions, it's a dead-end. Pointing out what's broken is only the first step in crafting solutions.

But I've noticed that what most people want is not a real solution--they simply want what's easy, which means leaving the Status Quo in place but magically making it cheaper and more convenient for them. If the solution requires inconvenience, getting less, accepting more responsibility and making major trade-offs--then it can't be a solution because politicos have overpromised for so many decades that people expect everything to get cheaper (for them, not the system) and easier (for them, not the system).
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Legendary Richard Russell Predicts Within A Year All Physical Gold Will Be Swept Off The Market - King World News

Legendary Richard Russell Predicts Within A Year All Physical Gold Will Be Swept Off The Market - King World News | Gold and What Moves it. | Scoop.it
Richard Russell:  “In the 90 years that I have been on this earth I have never felt good about myself. But lately, after much soul searching, I finally accepted that I am a good person and deserve to treat myself better. I grew up during the Great Depression and I learned to always order the cheapest item on the menu in restaurants. In those difficult days, a penny saved was like a dollar earned.

I remember well during 1932, that real estate parcels in New York City were often for sale for $10,000 cash. Yet they didn’t sell because people were afraid to put down $10,000 cash on a New York City building. Anybody who had cash refused to part with it regardless of the huge possible return on their money. If you had cash, you thanked God that you had it and no investment was juicy enough to entice you to put down your money. Thus, New York real estate was selling at giveaway prices and it stayed that way until the Great Depression ended.
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Stumbling into 2015 with Lacy Hunt

Stumbling into 2015 with Lacy Hunt | Gold and What Moves it. | Scoop.it
Lacy H. Hunt, Ph.D., Economist
Despite the Federal Reserve’s use of all its conventional techniques and numerous experimental measures, the US economy has continued to lose thrust. Over the first three quarters of 2014, real GDP grew at a 2% annual rate. Such an increase is entirely insufficient to raise the standard of living, which stands at the same level as 18 years ago.

Over the latest five years, real GDP grew a paltry 2.3%/year. From 1790 through 1999, before total private and public debt surged above the deleterious level of 275%, the growth in real GDP was 4% per annum. This observed loss in growth since 1999 is larger than the roughly 25% loss that the econometric studies predicted would occur at debt levels above 275%. As some researchers found, the post-1999 record is consistent with the negative consequences of debt rising disproportionately as debt relative to GDP moves above critical threshold levels.

Though the numbers for the fourth quarter are far from complete, year-over-year growth in real GDP for 2014 is unlikely to exceed the 2% pace of the past five years. The economy is limping badly: real consumer expenditures are growing at a paltry 1% annual rate early in the fourth quarter, down from a 1.8% growth rate in the first three quarters of the year. The highly cyclical vehicle sales have declined from highs reached earlier in the year. The current rate of growth in consumer outlays is shaky, since real average hourly earnings, which is the main source of income for nearly three-fourths of all households, rose a mere 0.4% in the past 12 months. Manufacturing output, which was the best-performing economic sector year to date, actually contracted slightly over the past three months. The previously explosive petroleum sector has slowed even more sharply in the face of a severe slump in oil prices. These developments are not merely statistics. In the extensive exit polling conducted by CBS on Election Day, 78% expressed negative views on the US economy.
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oftwominds-Charles Hugh Smith: Greece at the Crossroads: the Oligarchs Blew It

oftwominds-Charles Hugh Smith: Greece at the Crossroads: the Oligarchs Blew It | Gold and What Moves it. | Scoop.it
Once one oligarchy falls, it will threaten to topple a long line of oligarch dominoes.

A great many narratives invoking Greece are being tossed around, but only one really encapsulates the unvarnished truth: the Oligarchs blew it. The oligarchs in both Greece and the European Union/ECB had the opportunity a few years ago to trade some of their outsized wealth and political power for stability and sustainable expansion.

Instead, they chose to not just cling to every shred of their outsized wealth and power but to actively increase it. Their greed and hubris has now put their entire system of parasitic wealth extraction at risk of collapse. Their political stranglehold on power has been weakened, and there's no going back: they blew it, and now it's too late. The debt-serfs have finally had enough.
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Durables STB – Has The Fed Lost Its Ability To Push Gold Lower? | Investment Research Dynamics

Durables STB – Has The Fed Lost Its Ability To Push Gold Lower? | Investment Research Dynamics | Gold and What Moves it. | Scoop.it
Shockingly, the Commerce Department published a durable goods report for December which showed that durable goods orders plunged 3.4% in December vs. a +.7% expectation.   Worse, November’s initial -.7% drop was revised much lower to -2.1%.    This was the fourth month in a row the durables printed a decling:   Bloomberg News link.  (FYI:  “STB” means “shit the bed”).

Well, this makes Obama’s baseless boasts of a strong economy in his SOTU speech look insanely ridiculous.   His SOTU should be a STFU lesson.  And guess what Barack, you can’t blame four months in a row of declines on the big nor’easter at the end of January.  Nope.  No “polar vortex” excuses now for an economy that’s plunging.   Every large company that has reported Q4 so far is confirming the obvious:  the U.S. economy is falling off the cliff.
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A Terrifying Look At What The World Faces - A Number Of Dire Warnings - King World News

A Terrifying Look At What The World Faces - A Number Of Dire Warnings - King World News | Gold and What Moves it. | Scoop.it
By James Howard Kunstler

January 26 (King World News) – The more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama floated past the assembled vassalage of government last week in another grand effort to avoid the necessities of the moment.

Corporate Rackets Masquerading As An Economy

Those necessities include freeing a hostage public from the tyrannical clutches of corporate despotism — the evil empire of big boxes, big burgers, big pharma, Big Brother — and the atrocious rackets fostered by them that masquerade as an economy. The template of the life we have known is broken and the pieces within are flying apart, and no amount of wishing or promising can keep them going. If this society is even going to survive, the people have to smash their way out of this template prison, probably against the efforts of the people and organizations now running it merely for their own benefit.
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Julia Heisler's curator insight, January 28, 9:13 PM

This article depicts how the more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama floated past the assembled vassalage of government last week in another effort to avoid the necessities of the moment. The future is telling us very clearly: get smaller, get finer, get more local, get less complex, get less grandiose, do it now. This relates to international relations because the future affects the scope of states. 

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Extraordinary Level Of Chaos And Confusion Now Engulfing World Markets - King World News

Extraordinary Level Of Chaos And Confusion Now Engulfing World Markets - King World News | Gold and What Moves it. | Scoop.it
January 26 (King World News) – I received the aforementioned quote early Friday morning as I was contemplating the death of Saudi King Abdullah and the potential collateral damage it could cause from a change in Saudi leadership. Our emailer was exactly right, “King Abdullah and his father King Abdul Aziz al Saud were titans of the modern day middle east that so affected us all.” They were “moderates” in an area of the world that is awash with anything but “moderates.”

Saudis Unleash War Against Russia

Speaking to Saudi Arabia, and its ability to influence the price of oil, in past missives I have written about the real reason the Saudis have “leaned” on the price of crude oil. It began last summer when Saudi Prince Bandar bin Sultan, Director General of the Saudi Intelligence Agency, went to Russia and asked Vladimir Putin to stop funding Iran and Syria’s Bashar Hafez al-Assad, and he was snubbed. In retaliation, the Saudis decided to use the only real weapon they have – crude oil – to punish Russia, ISIS, Iran, and Venezula by crushing the price of oil. The second derivative benefit would be to damage the U.S. fracking industry. With the King’s death, one wonders what the new leadership will do with the price of oil as Yeman descends into chaos?
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The Currency Wars' "Pearl Harbor" | @JamesGRickards

The Currency Wars' "Pearl Harbor" | @JamesGRickards | Gold and What Moves it. | Scoop.it

The most dramatic battle yet in the currency wars took place last Thursday. 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 afterwards between Mario Draghi of the European Central Bank (ECB) and Swiss National Bank (SNB) President Thomas Jordan…

Mario Draghi: “Did you tell Christine?”

Thomas Jordan: “I thought you were going to tell her…”

Mario Draghi: “Wait, I thought you were!”

Switzerland had just abandoned its peg of the Swiss Franc to the Euro. The result was mayhem with an immediate 30% drop in the value of the Euro against the Franc, and billions of dollars of trading losses by banks and investors around the world. ...

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Global QE and the Gold Price | Clif Droke | Safehaven.com

Global QE and the Gold Price | Clif Droke | Safehaven.com | Gold and What Moves it. | Scoop.it
ter months of waiting, the European Central Bank (ECB) finally carried through with its stated promise of unlimited monetary support to its ailing economy. The ECB announced its own version of quantitative easing (QE) on Thursday, a move which lifted the dark clouds that have recently hung over financial markets.
In March the ECB will begin purchasing 60 billion euros' worth of government and corporate bonds through September 2016. In response to the announcement the equity markets of several major countries rallied while the price of gold and silver also rose.
Gold also received a boost after the Danish central bank reduced its key interest rate for a second time this week
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GRAPH: Gold price vs bond buys shows limits of QE

GRAPH: Gold price vs bond buys shows limits of QE | Gold and What Moves it. | Scoop.it
Gold on Thursday jumped past the $1,300 an ounce level following the announcement of a bigger-than-expected stimulus package from the European Central Bank. The metal is now trading up over $120 or just under 9.5% in 2015, having gained in nine of the last 10 trading sessions.

The latest breakout came after European Central Bank chief Mario Draghi in an effort to stimulate the economy of the bloc and stoke inflation announced the bank's own version of quantitative easing – an unconventional monetary policy tool to create money by buying sovereign bonds.

The ECB's historic move comes more than six years after the US Federal Reserve embarked on its QE program. On 16 December 2008, three months after the sub-prime financial crisis erupted with the collapse of investment bank Lehman Brothers, then Chairman Ben Bernanke launched the first round of QE.
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Gold Repatriation Shows Concern Over Global Financial Crisis

Gold Repatriation Shows Concern Over Global Financial Crisis | Gold and What Moves it. | Scoop.it
The great gold repatriation has begun…

Germany’s Bundesbank announced that the country repatriated 85 tons of gold from New York in 2014, far surpassing its previous estimates of 30 to 50 tons — and laying to waste a Bloomberg article you might have seen last summer insisting that the Germans were happy to keep their gold in American vaults. Turns out, not so much happiness. You might really label it: concern about keeping their gold in America.

Including the gold repatriated from Paris, Germany brought home 120 tons last year. And the Netherlands, meanwhile, removed 122.5 tons of gold — about one-fifth of their total gold stored overseas — from New York, bringing it back to Amsterdam.
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This Is The Beginning Of The End For The Euro

This Is The Beginning Of The End For The Euro | Gold and What Moves it. | Scoop.it

;p'The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock.  It hit an 11 year low of $1.13, and many analysts believe that it is going much, much lower than this.  The speed at which the euro has been falling in recent months has been absolutely stunning.  Less than a year ago it was hovering near $1.40.  But since that time the crippling economic problems in southern Europe have gone from bad to worse, and no amount of money printing is going to avert the financial nightmare that is slowly unfolding right before our eyes.  Yes, there may be some temporary euphoria for a few days, but it is important to remember that reckless money printing worked for the Weimar Republic for a little while too before it turned into an utter disaster.  Now that the ECB has decided to go this route, it is essentially out of ammunition.  The only thing that it could potentially do beyond this is to print even larger quantities of money.  As the global financial crisis begins to unfold over the next couple of years, the ECB is pretty much going to be powerless to do anything about it.  Over the next couple of months, we can expect the euro to continue to head toward parity with the U.S. dollar, and eventually it is going to go to all-time lows.  Meanwhile, the future of the eurozone itself is very much in doubt.  If it does break up, the elite of Europe will probably try to put it back together in some sort of new configuration, but the damage will already have been done.

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Gold Jumps 2% to 21 Month Highs as ECB Launches Meaningful QE, Dollar Gold Over $1300 - Shanghai Metals Market

Gold Jumps 2% to 21 Month Highs as ECB Launches Meaningful QE, Dollar Gold Over $1300 - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
Euro gold prices jumped to 21-month highs on Thursday, leaping above €1130 per ounce.
Gold Jumps 2% to 21-Month Highs as ECB Launches "Meaningful" QE, Dollar Gold Over $1300
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Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction - King World News

Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction - King World News | Gold and What Moves it. | Scoop.it
Today the man who 52 days ago remarkably predicted the collapse of the euro against the Swiss franc just issued a second terrifying prediction.  This King World News interview takes a trip down the rabbit hole of desperate central banks, massive losses and total global collapse.

Eric King:  “Egon, the ECB has just announced this 1.1 trillion euro package in a desperate attempt to fight off deflation.”

Greyerz:  “These decisions by the central banks have virtually no impact whatsoever on the underlying economy over the longer-term.  They did what they had to do because the European banking system as well as the economy is in dire straits.

Central banks still believe that by printing money they can kick-start their economies and save the financial system.  That’s not the case.  There is no chance whatsoever to change the outcome of an indebted and bankrupt European economy….
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All Eyes Now On Gold After World Experiences Second Black Swan Event - King World News

All Eyes Now On Gold After World Experiences Second Black Swan Event - King World News | Gold and What Moves it. | Scoop.it
By Jeffrey Saut, Chief Investment Strategist at Raymond James

January 22 (King World News) – "Rocky Horror Picture Show" was a satirical film production done as a tribute to the science fiction and horror "B" movies of the late 1930s through the 1970s. I was reminded of the flick recently when one portfolio manager I saw in Fort Lauderdale said to me, "The first few weeks of the New Year have been an absolute horror show!" Horror indeed for in those weeks the D-J industrial Average (INDU/17511.57) has traveled nearly 3100 points as measured by its movements between the intraday highs and lows. 

That caused another Wall Street Wag to lament, "Periods of low volatility have always been followed by periods of increase volatility." Surprisingly, however, the senior index is still within 1.75% of its December 31, 2014 closing price. The frantic movements are kind of like rocking in a rocking chair, lots of motion getting you nowhere. Yet, readers of these missives should not have been surprised by what's transpired year to date. 
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Gold, Silver, Platinum Should Keep on Shining - American Hard Assets

Gold, Silver, Platinum Should Keep on Shining  - American Hard Assets | Gold and What Moves it. | Scoop.it
With no inflation in sight and the U.S. dollar still soaring, there is no real fundamental reason for gold and silver to move higher.
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