The ‘New’ Silver Fix and the Powers That Be!

The ‘New’ Silver Fix and the Powers That Be! With Remarks On Texas Governor Rick Perry & Texas Gold! Accompanied by a Warning to Jewelers!
Presented August 2014 by Charles Savoie
Effective mid-month August 2014, the old silver ‘fix’ has been replaced by a new silver ‘fix,’ run jointly by the CME Group, owner of the COMEX, and Thomson Reuters. But has anything of real substance changed? It certainly has not. The new ‘fix’ was awarded by the LBMA, London Bullion Market Association, composed of neer-do-well entities including Barclays Bank, HSBC Bank, Goldman Sachs, JP Morgan Chase Bank, and additionally Bank of Nova Scotia, Credit Suisse, Deutsche Bank, Mitsui & Company, and Paris based Societe Generale. For 116 months I’ve routinely made details available about a unique organization known to few as ‘The Pilgrims Society.’ Persons who haven’t become aware of this group can find details on Google search. If you especially want the monetary details relating to this group and precious metals, add my name to theirs in the search box or read ‘The Silver Stealers’ documentary. Therefore, I won’t go into another basic explanation of The Pilgrims Society here. The ringleaders of the megabanks above have all had heavy representation in The Pilgrims Society. The rest have been and remain represented in interlocking groups such as the Trilateral Commission and the Bilderberg conferences – groups founded by Pilgrims Society members. I am not among the commentators you can read the fastest, because of the nature of these presentations, in depth examinations must be made to substantiate my claims. However, just to make reference to this alleged ‘new’ silver fix, and how bogus it is, I offer this brief report. An oft repeated phrase most have heard, and which drives home how dismal this old world often is, has it that ‘the more things change, the more they remain the same.’ We will not get into a long documentary such as ‘Who Controls The Gold Stealing New York Fed Bank,’ released last February, but will let a few points suffice. This is a mere matter of a group of gangsters who tossed the ball to others in their racketeering organization. Mitsui Global Precious Metals, a Silver Users Association member, is a subsidiary of Mitsui & Company – a Trilateral Commission interest. The Mitsuis and the Rockefellers have been associates since before 1907 when the Japan Society was founded by Rockefeller-Vanderbilt liaison Lindsay Russell as another offshoot of The Pilgrims Society. The Japan Society in fact was forerunner to the Trilaterals, founded 66 years later, but represented an expansion into Britain and Europe, in response to Bilderberg not including Japanese industrialists and bankers. Meaning that Bilderberg is over-rated compared to the Trilaterals! However, they both sprang from this older organization which remains in the shadows.

This post was published at Silver-Investor on August 29, 2014.

Holmes – Anticipate Before You Participate: Patterns in Trading

Frank Holmes, CEO of U. S. Global Investors in San Antonio writes: The primary unit of time measurement for high-frequency traders might be the microsecond, but for normal retail traders, it’s vital to know the best months, days and even half-hours of the day to make market transactions.
Consider Black Friday, the most active shopping day of the year. Let’s say a 60′ 1080p plasma HDTV normally goes for around $900 but, on Black Friday, is discounted to $500. That’s a 44 percent savings. If you had a desire to own this TV and were somehow guaranteed a way to bypass the rabid mobs, you’d be careless to spend $900 on it the day before.
Likewise, you’d be at a disadvantage to buy or sell a security without first conducting some level of research to determine the optimal time, statistically speaking, to make a transaction. At the very least, you should know when not to make a transaction.
Fortunately, much of this research has already been conducted. My friend Jeffrey Hirsch, following in the footsteps of his late father Yale Hirsch, has for years edited the invaluable Stock Trader’s Almanac, which is updated annually. The book is notable for finding reliable patterns in market trends and behavior, on both the macro and micro scale. It also gave birth to such well-known investing adages as ‘Sell in May and Go Away’ and the ‘January Barometer.’
Thirty-five years ago when I was just getting started in the investment business, I asked Yale how he managed to arrive at his findings. He told me that his background in music composition enabled him to ‘hear’ melodies, if you will, in four-year presidential cycles, seasonal cycles, weekly cycles and more. This interdisciplinary approach of combining music and finance should inspire all investors to leverage their own unique skills, talents and backgrounds to seek patterns in the market that others might overlook.
If you don’t already own a copy of the Stock Trader’s Almanac, I urge you to make a special trip to the bookstore. You can also visit the book’s website and sign up for a free seven-day trial. The site provides a wealth of helpful and fascinating information for investors to peruse.

This post was published at GotGoldReport on Saturday, August 30, 2014.

Financial Astrology – Crude Update

The Markets
The bullish trend we were expecting in the middle of August gained additional strength in last weeks trading session. The technical long term trend is for the Nasdaq has realigned to the upside and joins the DJIA. The Nasdaq has done a ‘whipsaw’, as Jeff likes to call it, giving a signal that is bullish for all the indexes. Jeff often sees this type of market being followed up by a very big bullish breakout. We could see this type of move next week or in the second week of September. We will continue to hold our long positions, trim profits, and add to our longs as new setups materialize. I will continue to advise caution in the first week of September, however, by mid September we will likely see another very strong move up on the indexes.
Oil ($WTIC)
Saturn and Mars will make a conjunction in the sky this week, will likely see a rebound with oil prices moving higher. A bullish move is likely into mid October.

This post was published at ZenTrader on August 30, 2014.

31/8/2014: Irish Dependency Ratio Rises in H1 2014

Previous posts covering QNHS release for Q2 2014 provided analysis of
Breakdown of population over 15 years of age by their principal economic status: employed, unemployed, in retirement, students, engaged at home, and ‘others’:Unemployment and Participation Rates:Duration of Unemployment, including distribution by Age Cohorts:

This post was published at True Economics on Sunday, August 31, 2014.

Prepare For Longterm Instability and Hardship

Unlike the normal business cycle that allows for a recession every few years to clear out the mal-investments and keep the system functioning properly, the current cycle has been artificially induced with money that has unseated the foundation of good financial practices and caused a series of bubbles that must pop at some point. When this happens the business cycle will be heavily damaged and will take many years to reestablish some type of normalcy.
If you think of a cycle as a pendulum swinging back and forth, you must realize that the further it swings to one side, the further it will swing to the other to balance itself. That is what we must realize with the current bubble boom in the financial sectors. The further out of balance they get, the further they will need to swing back to preserve equilibrium. When these bubbles finally pop, the offsetting swing will be monumental. A normal recession of a few years will be exaggerated to a multi-year disaster.
These are the type of conditions that usher in depressions of long duration. This bubble induced mania is far beyond anything experienced in human history and will result in an equally disastrous financial contraction destroying paper assets and making hard assets desirable and difficult to acquire in the aftermath.
In this type of situation, hard assets and a wide knowledge base are as good as it gets. The ownership of capital equipment that produces necessary consumer goods and the ability to finance yourself internally combined with sufficient knowledge to use these resources will provide a safe harbor to get through the difficulties that arise. Becoming your own bank requires the ability to store financial assets such as precious metals and diamonds that have universal value. This is one of the few ways to store wealth that can survive such market destruction.

This post was published at Silver Bear Cafe on August 30, 2014.

PENANCE. THE WEEKEND VIGILANTE AUGUST 30, 2014

It’s my fault.
Those who have been reading some of my internet scribblings over the past months or years know I’ve been going down a very interesting path. Having graduated with a Masters degree from the school of hard knocks in Austrian Economics and political “science” over the last decade I’ve begun to dig even deeper into an understanding of the very question of life. Heck, we’ll see if I am still alive by the end of this blog entry. Yes, I am serious about that (I think I will be… but I’ll explain below why I haven’t killed myself yet).
I also want to state that I am not drunk and am just a few sips in to a glass of red wine right now and won’t be drunk by the end of this article. This is all coming straight from my heart after a year of looking in the mirror daily and asking myself who is this person and does he deserve to be here and after spending most of the day today meditating in my underwear and a lot of eye water .
This may get wacky or weird by the time I’m done writing. But before I drizzle digital ink upon you I do want to clarify a few things about the Galt’s Gulch Chile (GGC) clusterfuck.
It appears that many people have taken Wendy McElroy’s and my writings as being that GGC was and is an outright scam, all the money has been stolen and fuck you very much. That is not the case at all if everything I currently know about it is true. I have a fairly high degree of certainty that GGC owns the property where it has been selling lots and that that property has water rights. This is information I have been told by GGC’s past lawyer about a year ago… which was also the last time I had any access to information to anything related to GGC. It has more or less been verified by others investors over the course of the last year as well.

This post was published at Dollar Vigilante on August 30, 2014.

Odyssey Marine Releases Preliminary List of Numismatic Items Recovered from S.S. Central America

Central America was a 280-foot steamship that carried passengers and bullion from Panama to ports on the Eastern seaboard of the United States.
The ship sank after it was caught in a September 1857 hurricane. More than 420 of the 550 people on board died. The sinking was the worst shipwreck in American history–a short-lived distinction as the sinking of the S.S. Sultana in 1865 took the lives of more than 1,500 people.
As CoinWeek reported earlier, the April 15, 2014 reconnaissance dive turned up five gold ingots and two $20 double eagle gold coins. Recovery efforts were threatened after a legal claim filed on behalf of the Columbus-America Discovery Group. Odyssey Marine continued their recovery efforts throughout the proceedings and a U.S District Court in Virginia dismissed the case.
In the report, recovery work that took place between April 15 and May 8, 2014 yielded more than 800 gold coins and a cache of nearly 10,000 silver coins, including 8,931 dimes. However, the company’s most recent communication to CoinWeek reveals that the firm’s efforts have turned up and extensive accumulation of gold and silver objects.

This post was published at CoinWeek

Sprott’s Thoughts: Rick Rule—A Briefing on Private Placements

Some investors are able to participate in private placements, where a company raises money by offering new shares. For U.S. investors to participate in a private placement, they must be suitably qualified for the offering. Suitability depends on the exemptions under the Securities Act of 1933 through which the company is able to offer new shares. This loosely means that the investor must meet a certain threshold of net worth, income, or investable assets in order to participate.
Private placements may be done by private or publicly trading companies. When a public company issues shares in a private placement, the new shares are not freely tradable, but must be held for a specified period of time, and must have their trading restriction lifted by the issuer’s legal counsel before they can be sold.
Rick Rule believes that if you’re able to take part in these transactions, they could be attractive ways to take advantage of a recovery in natural resources

This post was published at Sprott Global

Brazil’s economy falls into recession, latest figures show

Brazil has fallen into recession, just a month before the general election, latest figures show.
Economic output, GDP, fell by 0.6% in the three months to June, worse than analysts had predicted, and revised figures for the first quarter of the year also showed a fall of 0.2%.
A recession is usually defined as two consecutive quarters of contraction.
The news will be damaging for the government of President Dilma Rousseff.

This post was published at BBC

Doug Noland: Pondering the Summers of 2012 and 2014

The gulf between inflating global securities prices and deteriorating fundamental prospects widens by the week.
I’d been awaiting a German response to all the Draghi Q.E. jubilation. It is notable that it came from Finance Minister Schaeuble and not Bundesbank President Weidmann. Expectations for aggressive ECB monetary inflation do come at the same time as the anti-German “austerity” movement becomes increasingly clamorous. At the end of the day, I still don’t see how the French, Italians and Germans (among others) share a common currency. The cultures – the views on so many things, including how wealth is created (and shared), how economies should function, and how monetary and fiscal affairs must be managed – are inconsistent and often conflicting. At some point, somebody – the “periphery” countries, the French and Italians, or perhaps the German people – will say “enough is enough – this is not sustainable.”
In this age of monetary inflationism, the Germans provide a veritable oasis of sanity. At its best, “monetary policy can only buy time.” At its worst – the current reality – over time it buys problematic out-of-control Bubbles. Why would European banks partake in higher risk lending for business investment when they can make seemingly risk-free profits buying sovereign bonds? For that matter, why would American CEOs invest in plant and equipment at home when so much “wealth” is created buying back their stock? Meanwhile, two years of massive global monetary stimulus has prolonged historic investment booms in China and throughout much of Asia. This has exacerbated Bubbles, while only worsening the global pricing backdrop and capital investment environments elsewhere. Global imbalances have worsened.
Monetary policy promised way too much back in 2012. As I’ve written repeatedly, at this stage of a most spectacular and protracted Credit cycle, monetary inflation can only make things worse. Where does it end? And not for a minute do I believe the alarming rise in geopolitical risk and instability is unrelated to years of prolonged global monetary disorder. Mismanagement of the world’s reserve currency is replete with huge consequences. Mismanagement of all the world’s major currencies is a complete fiasco.

This post was published at Prudent Bear

Labor Day 2014: Economic solutions already here for full employment, zero public deficits and debts

Labor Day is an Orwellian holiday: US ‘leaders’ psychopathically pretend to care about American labor while lying about a real unemployment rate of close to 25% (the so-called ‘official’ rate excludes under-employed and discouraged workers).
Along with unemployment, Americans receive policy enabling oligarchs to ‘legally’ hide $20 to $30 trillion in offshore tax havens in a rigged-casino economy designed for ‘peak inequality.’ For comparison, $1 to $3 trillion ends global poverty forever, saving a million children’s lives every month from slow and gruesome death (here, here). And, as always, US ‘leaders’ lie-begat Americans intounlawful Wars of Aggression (in comparison, 11 days of US war cost would pay for all tuition of US college students).
Americans could have full-employment and zero public deficits and debt with monetary and credit reform.
These solutions are obvious upon a few moments of your attention. See for yourself:
What is monetary and credit reform?
Since the 1913 legislation of the Federal Reserve, the US has had a national ‘debt system;’ the Orwellian opposite of a monetary system. What we use for money is created as a debt, with the consequence of unpayable and increasing aggregate debt. This is a description of the simple mechanics of adding negative numbers. Although it’s taught in every macroeconomics course in structure, the consequences of increasing and unpayable debt are omitted (unpayable because it destroys what is used for money, and eventually the debt becomes tragic-comic in amount).

This post was published at Washingtons Blog on August 30, 2014.

30/8/2014: Both Unemployment and Participation Rates Fell in Q2 2014

In the previous post, I covered duration of unemployment across age cohorts data for Q2 2014. This time around, let’s take a look at labour force participation rates and unemployment rates. As noted earlier, there are some good news in the latest QNHS data. And this theme continues with unemployment rate statistics. Official unemployment rate has declined from 12% in Q1 2014 to 11.5% in Q2 2014 (seasonally-adjusted basis). Thus, Q/Q unemployment rate dropped by a substantial 0.5 percentage points, which is faster than the 0.2%points decline in Q1 2014 compared to Q4 2013. It is worth noting that in Q2 2013, Q/Q decline in seasonally-adjusted unemployment rate was shallower 0.1 percentage points. Overall, over H1 2014, unemployment rate declined by 0.7 percentage points compared to the end of 2013. Over the same period of 2013, decline was 0.6 percentage points. Without seasonal adjustment, things are slightly different. Y/Y Q2 2014 unemployment rate is down 2.1 percentage points and in Q1 2014 the same decline was 1.7 percentage points. These rates are faster than the rates of y/y declines in unemployment for the same period of 2013. All of which is good news as illustrated by the chart below:

This post was published at True Economics on Saturday, August 30, 2014.

And Why Is That?

Gee, Fox News, the obvious is worth a report?
Fifty years after the ‘war on poverty’ was first waged, there are signs a new offensive is needed.
Newly released Census data reveals nearly 110 million Americans – more than one-third of the country – are receiving government assistance of some kind.
The number counts people receiving what are known as ‘means-tested’ federal benefits, or subsidies based on income. This includes welfare programs ranging from food stamps to subsidized housing to the program most commonly referred to as ‘welfare,’ Temporary Assistance for Needy Families.
A new offensive is needed eh?
How about actually launching one instead of pretending?
I’m quite serious.
See, I count some $2,239 billion as spent welfare and other social spending in the last year’s Federal budget (this year is not quite done yet, but I suspect it will be higher by a hundred billion or two.) CATO says that in many states sitting on one’s ass pays as well as a $20/hour job. The left says that if we raised the minimum wage then people would work instead of sit on their ass (really?)
As millions still rely on government assistance programs, technology and automation have eliminated jobs many Americans used to do with a high school diploma. The challenge for policymakers is helping the economy adjust.

This post was published at Market-Ticker on 2014-08-30.

Recovery? 3 “Uncomfortable Truth” Charts

Presented with little comment aside to suggest one scratch beneath the thinning veneer of record nominal stock prices every once in a while to take the temperature of the ugly reality that no one is talking about…
1) Stocks are at record highs because global growth is ‘improving’…

FACT: There is a record divergence between the ‘market’ and plunging growth expectations

This post was published at Zero Hedge on 08/30/2014.

Bank of Japan Refrains From Deepening Stimulus

Every year, top global financial policymakers gather in Jackson Hole, Wyoming for a summit. Bank of Japan (BOJ) Governor Haruhiko Kuroda was there, and delivered a disappointing message to those who were waiting for a ramp-up of the bank’s money printing. Although he allowed for future re-evaluation, he said he believed that Japan was on target to reach its 2 percent inflation goal by 2015, and finally break out of its long ‘deflation trap.’
Kuroda Disappoints At Jackson Hole

Some outside analysts don’t agree. By its own admission, the BOJ sees inflation tracking down to 1 percent by December of this year. Morgan Stanley researchers point out that to reach the inflation target, Japan’s core CPI would have to hit 2 percent by April 2015 and stay there through year-end.
[See Related: Detlev Schlichter – Euthanasia of the Japanese Rentier] Reporters at Jackson Hole peppered Mr. Kuroda with questions about possible additional efforts beyond the BOJ’s bond purchases – such as price-level targeting (which would involve a deliberate inflation overshoot to compensate for previous inflation that was below target) or nominal GDP targeting (which would push easing until a nominal GDP target was reached). He demurred, saying that the current program was enough and would stay in place, although he wouldn’t rule anything out for the future.
Abenomics Hits a Wall Japan has never recovered from its early 1990s economic and financial market bust, languishing in sub-par growth for over two decades. In 2012, Japanese Prime Minister Shinzo Abe took office promising ‘three arrows’ to hit the target of economic revival.

This post was published at FinancialSense on 08/28/2014.

A Rare Glimpse Inside The NY Fed’s Favorite ‘Quote-Stuffing’ Hedge Fund: Citadel

As regular readers are well aware, when it comes to “more than arms length” equity market intervention in New Normal markets, the New York Fed’s preferred “intermediary” of choice to, how should one say, boost investor sentiment aka “protect from a plunge“, is none other than Chicago HFT powerhouse, Citadel. Recently we discovered that the true culprit behind the May 2010 Flash Crash was not Waddell & Reed, but quote stuffing. The most recent revelation for Citadel is that quote stuffing is not just some byproduct of some “innocuous” HFT strategy, as none other than the Nasdaq has now stated on the record, that the most leveraged hedge fund (at 9x regulatory to net assets), and the third largest after Bridgewater and Millennium, used quote stuffing as a “trading strategy.” The following 2 clips give a sense of what goes on from day to day inside the firm that trades more volume than the NYSE every day…
HFT in action…


This post was published at Zero Hedge on 08/30/2014.

Consumer Sentiment Bounces Back for August

The Final University of Michigan Consumer Sentiment for August came in at 82.5, a bounce back from the 79.2 preliminary reading and its highest level since the April final. Today’s number topped the Investing.com forecast of 80.1.
See the chart below for a long-term perspective on this widely watched indicator. I’ve highlighted recessions and included real GDP to help evaluate the correlation between the Michigan Consumer Sentiment Index and the broader economy.

To put today’s report into the larger historical context since its beginning in 1978, consumer sentiment is now 3 percent below the average reading (arithmetic mean) and 2 percent below the geometric mean. The current index level is at the 40th percentile of the 440 monthly data points in this series.
The Michigan average since its inception is 85.1. During non-recessionary years the average is 87.4. The average during the five recessions is 69.3. So the latest sentiment number puts us 13.2 points above the average recession mindset and 4.9 points below the non-recession average.

This post was published at FinancialSense on 08/29/2014.

Taupe: It’s Not Just For The Oval Office Anymore

Submitted by Mark St. Cyr,
Whether it’s politics or business one thing remains the same: if you are designated or perceived as the leader, everything you say or do is viewed with an eye searching for obvious and hidden meanings. While at the same time the higher the level or more commanding the position, that search goes from the naked eye to one looking via an electron microscope.
Words matter, the way they are said can matter even more, yet what is just as important is the posture, and yes – that can include even your choice of attire.
Leadership can be very symbolic in its application for consumption. We hear all the time the running line ‘they wrap themselves in the flag’ and so forth to describe politicians and others. So is it any wonder that when the leader of the free world takes to the podium during what by all credible standards is a world on the edge of unrest shows up wearing not the traditional dark suit and red or blue tie but – light tan, people from all walks say, ‘What the ____ is up with that?’
The reaction was near instantaneous across social media channels. The knee jerk over whelming first responses were (to be kind) a projection of weakness. The contrast between the surrounding stage set used in the press room and the tan suit was glaring. So much and so out-of-place did it seem that one couldn’t help to think of anything else but, why? Was this just some fashion faux pas? Personally I don’t think so.
If people will remember one of the first highly visible changes of note made for all the world to take notice, was the complete gelding of the oval office and all its symbolic tones of color with a complete overhaul to neutral. i.e., Taupe.
It can’t be underestimated just how much of a message is being intentionally sent when one of the first acts is to take what is considered the most powerful and important office in the world, and completely change or strip away any essence of it and replace it with muted tones of taupe.

This post was published at Zero Hedge on 08/30/2014.

Precious Metals Continue To Show Weakness With One Exception

U. S. markets and leading stocks continue to show strong and positive action, mostly early in the week. It really has been a great August, and that is rare, but it just shows that you must always be paying attention to things and can’t rely wholly on historical or past norms.
Does this mean the usually strong fall period will be weak, or does it mean it will be extra strong? Only time will tell and I will be keenly watching for the answers.
As for the precious metals, gold and silver tried to move higher a couple times this past week only to reverse and resume the dominant trend, which remains lower.

This post was published at Gold-Eagle on August 30, 2014.