Archive - Sep 2014 - Blog entry

Singapore continues its push to be a global gold hub ... Gold and money, throughout history has flowed to where it is better treated. Today, gold continues to flow from West to East. A sign of shifting economic fortunes ...

Russia’s weighing of capital controls if net outflows intensify.

Open for business...

Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for a fortune). Clinkle initially received $25 million (fun fact: the same amount used to fund Google, which went on to bigger successes than building a single app) and has been ostensibly hard at work on this thing for years. 

At some point, the markets will call BS on Spain’s dreams of recovery and the bond markets will rebel. When this happens the whole fraud will come unraveled. However it might take a full-scale political crisis before this happens. And by the look of things we’re not far from one.

The dumb, speculative money is selling as smart money continues to accumulate physical ... Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin.

Powerful Crash pattern detected

There's always something new...

With the revelations of systemic, widespread corporate criminality of banking institutions in recent years, it is clear that global Bank CEOs are becoming the new Drug Lords.

There is a saying that you don’t ring bells at the top. It’s not really true. Every time the market forms a major peak, at least in the last 15 years, there are usually a preponderance of signs of excessive speculation and leverage.

Straight forward discussion of the key events next week.   Weak on bluster.  Strong on analysis.   You've been warned.  

Brinkmanship, a failure of diplomacy and increasing militarism appears to have the world on the verge of a serious military conflict. Everybody should own some physical gold as a hedge and a safe haven asset to protect against the significant risks challenging us today which include bail-ins, currency wars, terrorism and war.

Shocking image from NY FRB lift archive...

And German consumers were supposed to save the Eurozone – along with the global economy.

And no, it certainly can not be characterized as doing God's work............................