Silver Weaves Its Way Into A New World Of Wearable Technology

Silver is playing an important, if not critical role in the growing world of wearable technology.
At the new intersection where fashion and biometrics meet, silver provides the conduit in innovative athletic clothing that transmits sought-after biometric data, such as the wearer’s real time heartbeat, to a sensor that displays the data.
The fashionable Polo Tech Shirt, introduced by Ralph Lauren at the just-completed 2014 U. S. Open Tennis Championship in New York City, and worn in its public debut by the ball boys and girls, has bio-sensing silver fibers woven directly into the core fabric of the nylon shirt. The high conductivity of silver, intertwined with the fiber of the form-fitting shirt, is a key to the technology that tracks and transmits the wearer’s heart rate, stress level, distance and breathing data in real time and streams the biometric data directly to a smart phone or other device. The Polo Tech Shirt is a forerunner of a line of athletic shirts and tech-enhanced dress shirts that the company said will be available from Ralph Lauren next year.

This post was published at GoldSilverWorlds on September 10, 2014.

Goldman Declares The “End Of The Iron Age”

Back in the summer of 2008, when crude seemed poised to take out $150, Goldman decided to declare the start of a commodity supercycle and boosted its oil price forecast to $200. Shortly thereafter crude cratered, plunging to the low double digits, and causing many to scratch their heads whether Goldman was merely taking advantage of the pre-Lehman panic to sell into the euphoria. The same questions, but inverted, will likely follow today’s just as seminal note, one which this time calls for the end of a supercycle, this time of iron, with “The end of the Iron Age.”
While intuitively this makes sense considering iron ore prices have tumbled nearly 40% YTD and were at multi-year lows at last check with the demand picture going from bad to atrocious, the reality is that a protracted period of deflation in this key commodity will have very adverse implications for not only China, where CapEx amounts to over half of GDP and will likely force the transition to a consumer-driven economy – something the Politburo has been delaying for years – but for the rest of the commodity suppliers countries, with the most negative impact hitting Brazil and Australia. Worse, for a country like China which has thrived on commodity oversupply and overcapacity, the collapse in the equilibrium price driven largely by demand, will mean thousands of suppliers will be left out in the cold and forced to liquidate with massive ripple effects through the fabric of the Chinese economy.
To be sure, for the time being local governments, banks and other SOEs, and the central bank, have been successful in isolating the assorted pockets of deflation that has hammered China in the past several years, but if Goldman is correct and if indeed a iron (and other commodities) are shifting from the “Investment Phase” to the “Exploitation Phase” as Goldman calls it, then watch out below not only China, but the rest of the world as well.
So what exactly does Goldman say? Let’s dig into their latest note:

This post was published at Zero Hedge on 09/10/2014.

sept 10.2014/ GLD advances by 3.0 tonnes/SLV advances by 1.439 million oz/gold and silver slip a little/Russia and China setting up their own SWIFT system/

Gold closed down $3.30 at $1243.50 (comex to comex closing time ). Silver was up 1 cent at $18.85
In the access market tonight at 5:15 pm
gold: $1249.50
silver: $18.96
good news on this front today:
GLD : finally we had an addition in gold to the tune of 3.00 tonnes of gold at the GLD (inventory now at 788.72 tonnes)
SLV : today we had an addition of 1.439 million oz of silver at the SLV/new inventory 334.646 million oz.
As far as gold and silver is concerned, we had another raid today right after both London first and second fixing of gold. It seems they are relentless in their attacks. Strangely for the second straight day, gold and silver jumped in the access market as soon as the comex closed.
Today we have commentaries concerning the sanctions placed on Russia and their retaliation. Also China and Russia are racing to develop their own SWIFT payment system. Once implemented that would be the death knell to the dollar.
We will discuss these and other stories
So without further ado………………
Let’s head immediately to see the data has in store for us today.
First: GOFO rates/
All months basically moved towards the positive needle as they must have found a few bars to lease. On the 22nd of September the LBMA will not publish GOFO rates. ( I guess the manipulation is getting to them)
London good delivery bars are still quite scarce.
Sept 10 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.11000% .1180000% .12800% .14600% .24000%
Sept 9 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
1000% .108000% .12000% .1400% .236000%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 10, 2014.

Gold Daily and Silver Weekly Charts – Do Something

There was intraday commentary on the moral hazard of applying selective justice to the TBTF Banks here. I recommend that you read it. And if you find what it says to be useful, perhaps you might consider giving it a wider audience as you can here and there. You might consider doing it with other things from like-minded people that you find to be useful. It is a little thing to do, but it is something and better than nothing. Others use donations which are appropriate for their own situations and efforts, and you might wish to consider supporting them in this even if it is in a small way. You may not be able to stand up and speak, but you can provide some small comfort and support for those that do. And as for us, remember me in your prayers, as I will remember you. The need is great and will be greater. This is our currency, and it has no other counterparty but the Lord.

This post was published at Jesses Crossroads Cafe on 10 SEPTEMBER 2014.

On The Massive Signal Failure In European Markets

European financial markets are still “partying their heads off,” notes Punk Economics’ David McWilliams, as even countries like Italy, Spain, Greece, and Ireland “are issuing more and more IOUs at lower and lower interest rates, ” as investors “drunk on years of easy profits, seem to think that risk has all but disappeared.” They are wrong!

This post was published at Zero Hedge on 09/10/2014.

Infographic: 7 Tests To Distinguish Fake Gold From Real Gold

In recent years, the production of fake and counterfeit gold and silver bullion products has been on the rise.
This infographic provides the elementary insights as well as tips/tricks to distinguish real from fake gold. Several tests can help you detect whether you are dealing with real gold; think of a magnet test, ice cube test, ping test, acid test, weight test and ultrasound test.
Courtesy of Silver.com, trusted online bullion dealer with the sharpest rate.

This post was published at GoldSilverWorlds on September 10, 2014.

On The Cusp Of Exposing The Full Iceberg

Financial markets are being pushed and pulled by a variety of cross-currents. Much of the turbulence unfolding is the culmination of imbalances and tensions that have been brewing for many years. Amplified volatility in FX and commodity markets are warning signs. They appear on the cusp of spilling more broadly into other markets, exposing the full size of the iceberg.
The current environment is distinct from the period of 2009-2013 when governments and central banks were quasi-coordinated in providing gargantuan amounts of stimulus, and when the geo-tensions were only chirping modestly. This year, governments and central banks have focused more generally on domestic issues. This is good in theory, but it has splintered coordination into a quasi-fracturing of the global monetary system.
It should be widely known by now that past stimulus measures have ballooned sovereign debt levels and pushed official interest rates toward the zero lower bound; while other policies and regulatory changes have prodigiously distorted and manipulated asset prices and the cost of money. Stimulus, however, is no longer a one-way street.
Diverging policies serve as a trigger for capital flow movements. They are shaking the foundation of capital markets, which in turn is causing second order effects like a mini-contagion. In addition, new and ever-evolving rules for investing and financial transacting have had a deleterious impact on market liquidity that will make the swishing capital flows even more magnified and treacherous for financial markets.

This post was published at Zero Hedge on 09/10/2014.

SP 500 and NDX Futures Daily Charts – Bubblicious

There is a surprising amount of open endorsement of the necessity of ‘asset bubbles’ coming from Wall Street shills and establishment economists.
As you know, a bubble represents a mispricing of risk. It is often used as a means of creating and redistributing wealth, generally from the gullible many to crafty insiders and the wealthy. At best, a bubble *could* function as a means of top down stimulus, most likely not a generally effective stimulus, if one overlooks the immorality of theft through fraud. But even top down stimulus itself is a form of control fraud, because it represents diluting the wealth of the nation in order to give it to the wealthy one percent. What a brave new world, that has such creatures in it. And how easily they accept the illicit perks of privilege.

This post was published at Jesses Crossroads Cafe on 10 SEPTEMBER 2014.

Scottish “No” Poll Sends Nasdaq Green On Week

Today’s v-shaped recovery in US equities was brought to you by the number 107 (USDJPY target) and the words “Scottish poll” which showed a majority of “no”s this afternoon. Early weakness in stocks (but not in Treasuries) reversed almost perfectly as Europe closed and JPY started to ramp towards the next logical stop run at 107.00. Nasdaq led the way (as AAPLites swept back in) and pushed into the green for the week (while the rest are still red). Treasury yields rose on the day, led by the long-end (30Y 3bps) stalling some of yesterday’s flattening (5Y 9bps on the week). GBP rallied notably after the “no” poll which kept pressure on the USD (closing practically unch on the day). Gold, silver, and oil slipped lower as US woke up then stabilized. Credit spreads compressed on the day but not as exuberantly as stocks even as VIX dropped back under 13 again. For the 2nd day in a row, the S&P 500 closed below 2,000 – turmoil?

This post was published at Zero Hedge on 09/10/2014.

Inside Today’s Inventory Report – -Signs Of Fading GDP Growth

The wholesale trade figures still confound both the ‘rebound’ narrative and the drastic revisions of GDP made in July. The broader context of wholesale trade remains as it has been since early 2013, as although growth appears to be increasing it is doing so at a deficient rate. That counts for both inventory and sales, though there is, I believe, more going on than just what these figures suggest.

The similarities between the current period and that which preceded the Great Recession are a reminder of how much inventory is unsettled around economic inflection. The fact that inventories gain is not necessarily a signal of optimism in the supply chain, as inventory calibrates badly to changes in demand at these points. It may be hard to determine of the chart immediately above, but it was wholesale sales that led inventory higher heading into the Great Recession. Currently, sales and inventory are much more aligned.

This post was published at David Stockmans Contra Corner on September 10, 2014.

For 90% Of Americans: There Has Been No Recovery

Every three years the Federal Reserve releases a survey of consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2013 survey confirms statements I have made previously regarding the Fed’s monetary interventions leaving the majority of Americans behind:
“While the ongoing interventions by the Federal Reserve have certainly boosted asset prices higher, the only real accomplishment has been a widening of the wealth gap between the top 10% of individuals that have dollars invested in the financial markets and everyone else. What monetary interventions have failed to accomplish is an increase in production to foster higher levels of economic activity.
With the average American still living well beyond their means, the reality is that economic growth will remain mired at lower levels as savings continue to be diverted from productive investment into debt service. The issue, of course, is not just a central theme to the U. S. but to the global economy as well. After five years of excessive monetary interventions, global debt levels have yet to be resolved.”
The full report can be found here. I have selected a few of the more important charts for the purpose of this post.
While the mainstream media continues to tout that the economy is on the mend, real (inflation-adjusted) median net worth suggests that this is not the case overall.

This post was published at StreetTalkLive on 10 September 2014.

More Bearish News For Homebuilders – The Death Cross

The Mortgage Bankers Association mortgage purchase applications index dropped again last week. It fell 3% week to week (seasonally adjusted), it fell 14% unadjusted and it plunged 12% year over year. This has been the pattern almost every week this year.
This is particularly bad news for the new homebuilder companies because 93% of all new homebuyers use a mortgage to make their purchase. If purchase applications are not being filed, new homes are not being sold. There’s no room for spin in that. The numbers are the numbers. In my latest research report, the company I feature specifically had to disclose that its contract signings are dropping. Hovnanian reported just this morning that contract signings dropped 9.2% year over year. This is going to turn into a bloodbath.

This post was published at Investment Research Dynamics on September 10, 2014.

Scotland De-Escalation: Stocks Jump As Latest Poll Reveals Majority “No” Vote

As AAPL surges back today, it appears the market is more sensitive than many thought to what is happening in Scotland – as we overheard yesterday how meaningless Scottish GDP is compared to America’s. However, a flashing red headline on Bloomberg from a Survation poll in Scotland of 1000 people showed 53% No and 47% Yes – the widest margin in over a week… and stocks jumped. It seems that since nobody cares about any newsflow out of Ukriane any more since it is all fabricated, the algos have turned their attention on any “de-escalation” out of Scotland.
Stocks love this great news…

This post was published at Zero Hedge on 09/10/2014.

World Growth vs. Copper with 3-Month Lag; Iron Sinks to 5-Year Low; US Will Not Decouple

Copper is frequently cited as a leading indicator of economic activity because of its widespread use in many sectors of the economy, from homes and factories, to electronics and power generation and transmission. For that reason, some call it “Dr. Copper“. Inquiring minds may be wondering what copper has to say about future economic growth. The following charts will explain. World Growth vs. Copper

This post was published at Global Economic Analysis on September 10, 2014.

With Statements Like “This Will Likely Not End Very Well”, Is David Rosenberg A Bear Again?

While we fully understand that when selling institutionally-priced newsletters to institutions (not retail for one simple reason: lack of “other people’s money” to spend) one will have a far more lucrative career as a bull than as a bear simply because insecure (that would be most of them) institutional “strategists” prefer to surround themselves in cognitive bias-reinforcing group think just to convince themselves they are right, as the rating-agency era confirmed, one thing we are very confused by is whether David Rosenberg, who famously flipped from bear to bull a little over a year ago (recall David Rosenberg: Here’s why I’m bullish on the US economy), preaching a “wage-inflation” driven bout of economic growth which has not only not materialized, but the 10 Year recently hit 2014 lows, is now back to being a bear.
The reason? Statements like this from September 8 letter to clients:

This post was published at Zero Hedge on 09/10/2014.

Deutsche Bank: The Bubble Must Go On To Sustain The “Current Global Financial System”

When all is said and done, it all basically boils down to this: from Deutsche Bank’s Jim Reid.
The bubble probably needs to continue in order to sustain the current global financial system and the necessary future deleveraging. However with yields moving ever lower in many parts of the world in recent times, partly due to weak growth, and with debt levels still moving higher, the chances are that most government bondholders are unlikely to achieve a positive real return over the medium to long-term from this starting point. Inflation or even the risk of sovereign restructuring will likely prevent this.

This post was published at Zero Hedge on 09/10/2014.