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Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ Public comments on articles published on SilverSeek.com en Mon, 18 Jun 2018 18:44:17 GMT vBulletin 60 http://forums.silverseek.com/images/misc/rss.png Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ COT Silver Report - June 15, 2018 http://forums.silverseek.com/showthread.php?68962-COT-Silver-Report-June-15-2018&goto=newpost Sun, 17 Jun 2018 00:33:05 GMT *http://silverseek.com/commentary/cot-silver-report-june-15-2018-17303 For anyone not able to see the complete COT report or would prefer to see... http://silverseek.com/commentary/cot...-15-2018-17303


For anyone not able to see the complete COT report or would prefer to see the combined Gold and Silver COT reports


http://news.goldseek.com/COT/1529091083.php
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Weekly Wrap-Up with Eric Sprott - June 15, 2018 http://forums.silverseek.com/showthread.php?68961-Weekly-Wrap-Up-with-Eric-Sprott-June-15-2018&goto=newpost Sun, 17 Jun 2018 00:25:34 GMT *http://silverseek.com/commentary/weekly-wrap-eric-sprott-17302* http://silverseek.com/commentary/wee...c-sprott-17302 ]]> SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?68961-Weekly-Wrap-Up-with-Eric-Sprott-June-15-2018 Michael Pento: Inflation to Skyrocket When Fed Reverts to New QE and Interest Rate Cu http://forums.silverseek.com/showthread.php?68954-Michael-Pento-Inflation-to-Skyrocket-When-Fed-Reverts-to-New-QE-and-Interest-Rate-Cu&goto=newpost Wed, 13 Jun 2018 09:20:05 GMT *_Michael Pento: Inflation to Skyrocket When Fed Reverts to New QE and Interest Rate Cuts_ Mike Gleason: It is my privilege now to welcome back... Michael Pento: Inflation to Skyrocket When Fed Reverts to New QE and Interest Rate Cuts

Mike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager and a fantastic market commentator, and over the past few years, has been a wonderful guest and one of our favorites here on the Money Metals Podcast. We always love getting his highly-studied Austrian economist viewpoint.

Michael, welcome back, and thanks for joining us again.

Michael Pento: Thanks for having me back on, Mike.

Mike Gleason: Well, Michael, we were struck by one statistic in particular in the latest edition of your always great Pentonomics commentary and we urge people to sign up for your email list, so they can start getting those themselves, if they're not doing that already. But in that piece, you referenced Chapter 11 bankruptcy spiking 63% in March versus the same month a year ago. This is a dramatic move, and it tells a very different story than the one people are hearing all day long on CNBC these days. You also mentioned the carnage in the retail sector, rising delinquencies in the subprime auto loans and other indicators, which are back to levels we last saw just before the 2008 financial crisis.

Meanwhile, the talking heads are going on about how strong the U.S. economy is, and to be fair, they can point at statistics such as unemployment, strong performance in the equities, at least until recently, consumer sentiments, and other positive signs. At this point, most Americans think the U.S. economy is in better shape and likely to get stronger, but we know at key turning points in the markets, most people wind up being wrong. Now, you are certainly sounding the alarm here, Michael, so give us your thoughts on the real state of the U.S. economy, and what are a couple of the key indicators, and what are those indicators telling you about what we should expect in the months ahead?

http://news.goldseek.com/GoldSeek/1528724185.php
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COT Silver Report - June 8, 2018 http://forums.silverseek.com/showthread.php?68953-COT-Silver-Report-June-8-2018&goto=newpost Wed, 13 Jun 2018 08:17:24 GMT *http://silverseek.com/commentary/cot-silver-report-june-8-2018-17292 For anyone not able to see the complete COT report or would prefer to see... http://silverseek.com/commentary/cot...e-8-2018-17292


For anyone not able to see the complete COT report or would prefer to see the combined Gold and Silver COT reports


http://news.goldseek.com/COT/1528486292.php
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Weekly Wrap-Up with Eric Sprott - 6/8/18 http://forums.silverseek.com/showthread.php?68952-Weekly-Wrap-Up-with-Eric-Sprott-6-8-18&goto=newpost Wed, 13 Jun 2018 08:13:06 GMT *Another week behind us, and Eric Sprott returns from the field to help us interpret it. In this edition of the wrap-up, you’ll hear: • The... Another week behind us, and Eric Sprott returns from the field to help us interpret it. In this edition of the wrap-up, you’ll hear:

• The macro-fundamentals moving people towards gold

• What you should pay attention to in the mining sector (hint: it’s not the news releases)

• Plus: Eric’s predictions for a volatile week ahead

“My first thought is: OK, bring it on, baby! Let’s have that rate increase. Let’s get it over with, here. Because, typically, I don’t think the Fed really could possibly read things as bullish as they might have started the year off thinking. Because it’s really not quite coming together. Housing’s weak, auto’s week, retail sales are nothing special, you’ve got inflation affecting lots of areas… We have lots of reason for the Fed to be expressing concern. So, fine… Let’s bring it on, let’s see what happens. And I’m pretty certain that gold and silver will survive yet another rate increase. And prosper, quite frankly.”

http://silverseek.com/commentary/wee...c-sprott-17291
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Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire http://forums.silverseek.com/showthread.php?68951-Return-of-the-Euro-Crisis-Italy-Quakes-Rest-of-the-World-Shakes-and-Merkel’s-Empire&goto=newpost Fri, 08 Jun 2018 04:35:18 GMT *Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks Europe’s many fault lines are spreading once again,... Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks

Europe’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the rest of Spain. All of Europe fell under Trumpian trade-war sanctions and threatened their own retaliation. And Germany’s most titanic bank got downgraded to the bottom of the junk-bond B-bin.

The Italian shakeup caused US bond prices to soar (yields to drop) in a flight of capital from European bonds, yet US stock investors took this invasion of troubles from foreign shores as good enough news to end the week on a positive note. The NASDAQ especially never looked happier, though financials feared contagion. As a result, the contrast between tech stocks and financials burst upward to its highest peak since the top of the dot-com frenzy:

http://news.goldseek.com/GoldSeek/1528401111.php
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Inflation Is Back, Part 6: More People Now Expect Higher Prices http://forums.silverseek.com/showthread.php?68950-Inflation-Is-Back-Part-6-More-People-Now-Expect-Higher-Prices&goto=newpost Fri, 08 Jun 2018 04:32:15 GMT *Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is... Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as more such data accumulates, a growing number of people come to expect the new trend to continue. In economist-speak, “expectations” change, and these become self-fulfilling prophecies, leading people to behave in ways that anticipate — and thus cause — more of the same.

Early on, new information that contradicts existing preconceptions is dismissed as unimportant. But as more such data points accumulate, a growing number of people come to expect the new trend to continue. In economist-speak, “expectations” change, and these become self-fulfilling prophecies, as people behave in ways that anticipate — and thus cause — more of the same.

Inflation is a classic example. When the cost of most things has been flat for a long time, a few scattered price increases don’t change any minds. But when lots of things start costing more, everyone eventually decides that prices are rising generally and begin buying in anticipation, whatever the current price, which in turn causes prices to rise even faster.

This kind of data-driven perceptual shift is now occurring in a lot of different places.

In US housing, Reuters just conducted a poll of property market analysts to see what they think home prices will do in coming years. Turns out – not really surprising given the recent surge back to 2006 bubble levels – that they expect home prices to outpace both overall inflation and wage growth for at least the next few years.

U.S. house prices to rise at twice the speed of inflation and pay: Reuters poll

http://news.goldseek.com/DollarCollapse/1528375817.php
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The Deviant Conundrum called Silver http://forums.silverseek.com/showthread.php?68949-The-Deviant-Conundrum-called-Silver&goto=newpost Fri, 08 Jun 2018 04:28:37 GMT When I was a young lad, there was a classmate (let's call him "Frankie") in the very early years of my education whose behavior was quite often deemed as "peculiar" and while I found him immensely entertaining, the teaching staff and my fellow students did not entirely agree. Frankie was the kind of kid who would bang on our doorknocker on a frigid winter morning just before sunrise, fully clad in hockey skates, gloves and stick, and ask if he could skate on our frozen backyard hockey rink. The fact that it was a school day made it not exactly the brightest of decisions but my Dad would invariably say "Alright. You two boys have got 20 minutes then back in your houses to get ready for school." It was never an outright rejection on the grounds of unsuitable behavior; it was more so an accommodation for the simple reason that 20 minutes of hockey at 6:35 a.m. in advance of school was a "noble enterprise" and certainly beat watching Captain Kangaroo over a bowl of Fruit Loops.

Nevertheless, Frankie was indeed a maverick soul. He once had to have the local Malton Fire Department take a blow torch to the schoolyard swings so that Frankie's frozen tongue could be removed from one of the steel legs. He once stole a pack of cigarettes from the teachers' staff room and began selling them in the schoolyard. As the years rolled along, his behavior got more and more outrageous and he got into more and more trouble, but the funny thing was that he never, ever committed any prank or action that hurt anyone. He never got into fights; he never tried to tease other kids; he was always polite; and he never used bad language.

One time when Frankie and I were sent to the "office" for putting glue on the chalk and when we finally were called on the carpet, the principal handed me a dictionary where the word "conundrum" had been highlighted in yellow after which he forced me to read it 25 times out loud. After that, he told me to turn to another page where he had highlighted the word "deviant" and told me to repeat the drill. I went through the next 10 years thinking of Frankie as a "deviant conundrum," which was particularly taxing as the puberty years arrived creating an entirely different set of connotations for me to ponder. Other peccadillos like mood swings and unpredictability were common. One day he was an ebullient, infectious jokester; the next he would be a sullen, unapproachable recluse. He could be wildly funny in the morning and be tragically unhappy after lunch but when he was on his game, his company was nothing short of mercurial and that is why I valued his friendship and celebrate the memories of our companionship. As difficult as he was to figure out or predict, the mere specter of being present for one of his "up days" was the reason I hung around and, you know, it was kind of like owning SILVER.

http://silverseek.com/article/devian...d-silver-17290
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Making Italy Great Again - Peter Schiff http://forums.silverseek.com/showthread.php?68948-Making-Italy-Great-Again-Peter-Schiff&goto=newpost Sat, 02 Jun 2018 15:01:27 GMT *This week, market watchers around the world are justifiably fixated with the high-stakes, high-drama political developments unfolding in Italy.... This week, market watchers around the world are justifiably fixated with the high-stakes, high-drama political developments unfolding in Italy. While a political crisis in the world's 9th largest economy (International Monetary Fund figures, 4/17/18) would normally not be enough to cause an international meltdown, given how thin the global economic ice has become as a result of ever-increasing debt loads, even small disruptions can create systemic problems. But from my perspective, what makes the Italian drama so interesting is that it parallels so precisely developments in the United States. It's amazing that more Americans do not realize, that when looking at Italy, they are looking at a fun house mirror reflection of the United States.

Italy is currently dealing with the results of an election in which populist political forces scored a big victory over the establishment, which they had judged to be both corrupt and ineffective. In other words, the Italians replayed the 2016 Presidential election in the U.S. The big difference is that here the anti-immigrant tendencies of the right and the economic populism of the left were united in one person: Donald Trump. In Italy, those positions are represented by two separate parties that normally would be rivals. But politics can make very strange bedfellows, and the absurdity of the current economic reality has made them partners.

As a result, the top two finishers in their recent election, the left-leaning Five Star Movement and the right-leaning Northern League have cobbled together a contradictory political program that mirrors the Trump agenda. While both parties share nationalist goals to curb immigration and fight for greater autonomy from the European Union, Five Star's secondary policy goal is to lower the (already low) retirement age and institute universal basic income for all citizens, while the Northern League's secondary policy goal is to lower income taxes. In other words, their proposed coalition would look to spend more and tax less. That's the Trump agenda with a little Parmesan cheese on top. Apart from the appointment of a conservative Supreme Court Justice, Trump's major political achievements have been massive government spending increases and tax cuts that have significantly widened the projected budget deficits. The irony is that the governments of Italy and the United States are among the most indebted countries in the world. (2017 IMF figures) And the solutions being proposed by both countries are to go even deeper into debt!

http://news.goldseek.com/EuroCapital/1527878545.php
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Silver COT Report - June 1, 2018 http://forums.silverseek.com/showthread.php?68947-Silver-COT-Report-June-1-2018&goto=newpost Sat, 02 Jun 2018 14:43:58 GMT http://silverseek.com/commentary/silver-cot-report-june-1-2018-17282 For anyone not able to see the complete COT report or would prefer to see... http://silverseek.com/commentary/sil...e-1-2018-17282


For anyone not able to see the complete COT report or would prefer to see the combined Gold and Silver COT reports


http://news.goldseek.com/COT/1527881847.php
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Great Frauds Require Darkness - Theodore Butler http://forums.silverseek.com/showthread.php?68946-Great-Frauds-Require-Darkness-Theodore-Butler&goto=newpost Thu, 31 May 2018 16:37:44 GMT *No doubt you’re aware of the massive fraud uncovered at Theranos, the high tech medical startup purported to be able to run any number of diagnostic... No doubt you’re aware of the massive fraud uncovered at Theranos, the high tech medical startup purported to be able to run any number of diagnostic tests from a single drop of blood. Theranos was a Silicon Valley upstart valued at $10 billion at its peak and headed by an attractive young woman modeled after the late Steve Jobs. Theranos’ diagnostic machines didn’t work as advertised and the whole fraud, said to be the largest since Enron, was uncovered by a sharp and determined reporter at the Wall Street Journal. The reporter, John Carreyrou, was instrumental in the fraud’s demise.

The first rule of great frauds is that the real facts must remain in the dark; while the second rule is for insiders to fight against the facts being brought into the sunlight. These are also the rules that have enabled the COMEX silver manipulation to exist for as long as it has. Theranos was founded in 2003, so the fraud lasted nearly a decade and a half. The silver fraud has lasted for more than three decades, but then again, this fraud is more sophisticated with vested interests much stronger than the fraud at Theranos. Carreyrou’s first story on Theranos appeared in Oct 2015 and in practically one fell swoop, the real Theranos story was brought into the light. It’s much different with the fraud of the COMEX silver manipulation.

Admittedly, many individual investors have come to learn of the COMEX silver manipulation fraud over the years, but none have learned about it from a main stream media platform like the Wall Street Journal. Word of the COMEX silver fraud has largely been disseminated on the Internet. With Theranos, it came down to the very simple proposition of did their blood testing technology work? The equally simple answer was no. With silver, it’s nowhere near as simple. The ongoing price manipulation is far more complex.

http://silverseek.com/commentary/gre...darkness-17280
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Putin Warns of Financial Crisis The World ‘Has Not Yet Seen’ http://forums.silverseek.com/showthread.php?68944-Putin-Warns-of-Financial-Crisis-The-World-‘Has-Not-Yet-Seen’&goto=newpost Wed, 30 May 2018 11:27:55 GMT *The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations... The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.

The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said.

In addition to traditional forms of protectionism such as trade tariffs, technical standards and subsidies, nations are increasingly using new ways to undermine their competition, like unilateral economic sanctions. And nations which thought they would never be targeted by such measures for political reasons are now being proved wrong, Putin said.

“The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

Putin called for a change of course, for free trade to be defended, and for rules-based regulation of the global economy, which would alleviate the chaos resulting from the rapid technological transformations arising from the development of digital technology.

“The disregard for existing norms and a loss of trust may combine with the unpredictability and turbulence of the colossal change. These factors may lead to a systemic crisis, which the world has not seen yet,” he said.

He stressed that there is a need for transparent universal rules as well as an inclusive mechanism, which would allow those rules to be amended in a way that would be accepted by the international community.

“We don’t need trade wars today or even temporary trade ceasefires. We need a comprehensive trade peace,” the president stressed.

“Competition, clash of interests, has always been, is, and will always be, of course. But we must be respectful towards each other. The ability to resolve differences through honest competition rather than by restricting competition is the source of progress,” Putin added.

http://news.goldseek.com/LewRockwell/1527610953.php
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High Yield Train Wreck - John Mauldin http://forums.silverseek.com/showthread.php?68943-High-Yield-Train-Wreck-John-Mauldin&goto=newpost Tue, 29 May 2018 03:39:07 GMT *My still-unfolding Train Wreck series is getting a lot of attention. It’s not exactly good news, but people at least appreciate the warnings. Thanks... My still-unfolding Train Wreck series is getting a lot of attention. It’s not exactly good news, but people at least appreciate the warnings. Thanks to all who sent thought-provoking comments. I always consider them carefully.

A few readers characterized the crisis I foresee as being a repeat of the 2008 fiasco. That’s partly right, in the sense we will have a painful economic and market downturn, but the causes will be quite different.

Last time around, the root problem was excessive residential real estate debt. Reckless lenders made unwise loans so unqualified borrowers could buy overpriced homes. These loans morphed into securities and derivatives and all blew up. I don’t think it will happen that way again. The next crisis will spring from corporate debt, equally imprudent but structurally different.

This train wreck will be similar in one respect, though. The first defaults will occur at the lowest end of the problematic market: high yield or “junk” bonds. They will play a role comparable to subprime mortgages in the last crisis. We’ll see mortgage problems as well, but I think overleveraged companies will be the core problem.

Before we go into that, you might want to review prior installments in this series or read them first if you’re just now joining us.
•Credit-Driven Train Crash, Part 1
•Train Wreck Preview

Today, we’ll look at a not-so-prime example of the reckless investments people are making in high-yield bonds, then consider how big the problem can get.

But we’ll start with a little history.

What Are They Selling?

Older readers will remember a Houston-based company called Enron that blew itself, its employees, and investors to smithereens during the 2001–2002 recession. Investigations followed. Some management (properly) went to prison.

In the late 1990s, Enron engaged former Reagan speechwriter and Wall Street Journal columnist Peggy Noonan to help explain itself to the world. Noonan, possibly the greatest business writer of her generation, couldn’t do it. She described the experience in a 2002 column.

http://news.goldseek.com/GoldSeek/1527520380.php
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The Next Populist Political Issue Emerges: CEO Pay - John Rubino http://forums.silverseek.com/showthread.php?68942-The-Next-Populist-Political-Issue-Emerges-CEO-Pay-John-Rubino&goto=newpost Tue, 29 May 2018 03:16:49 GMT *It’s always been understood that corporate executives make a lot more than rank-and-file workers. But the gap between top and bottom was hard to... It’s always been understood that corporate executives make a lot more than rank-and-file workers. But the gap between top and bottom was hard to calculate, and therefore hard to turn into media sound bites, so it didn’t play much of a role in the US political process.

But this year, for the first time, corporations are being required to calculate and publish a more accurate version their “pay ratio” – what their CEO makes relative to employees. In other words, now there’s a number – the years (or centuries) of work it would take the average employee to earn what the CEO does in a single year – that people can understand. And it’s not pretty. From last week’s New York Times:

Want to Make Money Like a C.E.O.? Work for 275 Years

A Walmart employee earning the company’s median salary of $19,177 would have to work for more than a thousand years to earn the $22.2 million that Doug McMillon, the company’s chief executive, was awarded in 2017.

At Live Nation Entertainment, the concert and ticketing company, an employee earning the median pay of $24,406 would need to work for 2,893 years to earn the $70.6 million that its chief executive, Michael Rapino, made last year.

And at Time Warner, where the median compensation is a relatively handsome $75,217, an employee earning that much would still need to work for 651 years to earn the $49 million that Jeffrey Bewkes, the chief executive, earned in just 12 months.

http://news.goldseek.com/DollarCollapse/1527516900.php
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Weekly Wrap-Up with Eric Sprott http://forums.silverseek.com/showthread.php?68941-Weekly-Wrap-Up-with-Eric-Sprott&goto=newpost Sun, 27 May 2018 11:23:24 GMT *As we head into a long holiday weekend in the U.S., gold and silver are up—but what a tumultuous week it’s been. Eric stops by to talk about it, and... As we head into a long holiday weekend in the U.S., gold and silver are up—but what a tumultuous week it’s been. Eric stops by to talk about it, and you won’t want to miss this lively discussion on:

• How to process information we receive from governments

• The ongoing chaos in European markets (especially Turkey)

• What you should watch for this summer

“The week has been—I would just say from a normal understanding of economics and financial situations—rather chaotic, to say the least… It must be confusing for the average viewer to try and figure out what’s going on here. Sometimes I suspect that we’re only told half of the information. And we’re told in a very biased way.”

http://silverseek.com/commentary/wee...c-sprott-17275
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