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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, 10 Dec 2018 17:37:53 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/ Why Right Now Is The Best Time To Add Gold And Silver Bullion To Your Portfolio - Wee http://forums.silverseek.com/showthread.php?69235-Why-Right-Now-Is-The-Best-Time-To-Add-Gold-And-Silver-Bullion-To-Your-Portfolio-Wee&goto=newpost Sat, 01 Dec 2018 04:47:09 GMT *Why Right Now Is The Best Time To Add Gold And Silver Bullion To Your Portfolio - Weekly Wrap - Up After four straight years of rallies in... Why Right Now Is The Best Time To Add Gold And Silver Bullion To Your Portfolio - Weekly Wrap - Up

After four straight years of rallies in December, is it time to make it five in a row? Eric Sprott returns this week to break down all the gold and silver news you need to help your wallet. In this edition of the Wrap-Up, you’ll hear:

• Why there’s no logic in the COMEX

• What the latest Fed moves mean for gold

• Plus: How one bank “never loses money” trading silver

“Typically, the guys who run the COMEX—which is the Commercials—always end up that the price is at what we call ‘Max Pain.’ Max Pain is where the individual investor loses the most money. And, of course, the converse is that the commercial banks make the most money. And that’s probably about where we are right here, around 1220 on gold and 1430 on silver. I’m sure there’s not many people making any money on any puts and calls they’ve written. Because, of course, you pay a big premium, and meanwhile we’ve ended up with very little movement.”

http://silverseek.com/commentary/why...kly-wrap-17500
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SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?69235-Why-Right-Now-Is-The-Best-Time-To-Add-Gold-And-Silver-Bullion-To-Your-Portfolio-Wee
Jp Cortez: Gold and Silver Are Still Money http://forums.silverseek.com/showthread.php?69234-Jp-Cortez-Gold-and-Silver-Are-Still-Money&goto=newpost Sat, 01 Dec 2018 04:43:35 GMT *Once in a while it seems everything aligns just right and the world spins in the orbit we choose. This happened recently just after the publication... Once in a while it seems everything aligns just right and the world spins in the orbit we choose. This happened recently just after the publication of Gold: Still Money for a Reason The article was published on several other websites and generated quiet a bit of noise. We always like it when that happens! The really good news is Jp Cortez, Policy Director, Sound Money Defense League, reached out to me about republishing some of his work. Needless to say I was flattered and humbled that someone of his caliber would reach out to The Daily Coin.

Jp Cortez and I discussed some of the issues we face due to the hijacking of our national currency. Under President Lincoln, yes Abraham Lincoln, in 1860, was the first step in stripping the nation of it’s wealth and consolidating the power at the very top of the banking cabal, government and corporations. It wasn’t until 1913 and the passing of the Federal Reserve Act that the soft coup was fully realized. But to be clear, it began while Lincoln was in office.

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

Shortly after that happened, “The London Times” printed the following: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun*tries will go to North America. That govern*ment must be destroyed, or it will destroy every monarchy on the globe.”

The Bankers obviously understood. The only thing, I repeat, the only thing that is a threat to their power is sovereign govern*ments printing interest-free and debt-free paper money. They know it would break the power of the international Bankers. Source – Michael Journal

http://news.goldseek.com/GoldSeek/1543586608.php
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Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes http://forums.silverseek.com/showthread.php?69233-Ireland’s-Mr-Gold-Reveals-Nuggets-Of-Wisdom-For-When-The-Next-Crash-Comes&goto=newpost Sat, 01 Dec 2018 04:39:58 GMT *Editors note: I am not sure what to make of being called “Ireland’s Mr Gold” but I suppose you could be called worse. For me, my fellow founder... Editors note: I am not sure what to make of being called “Ireland’s Mr Gold” but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather it has been about the benefit that gold provides to our clients, their families, their companies and the wider society.

This benefit is not just in terms of hedging, financial insurance and owning a proven safe haven asset but also in terms of the peace of mind that gold provides those who hold it in the safest ways possible.


Credit: Associated Newspapers (Ireland) Limited, t/a dmg Media Ireland

Our mission statement since 2003 has been ‘To protect and grow our client’s wealth with the provision of physical gold in the safest ways possible.’ With 16,000 clients in 140 countries, many of whom store gold with us in some of the safest vaults in the world, I am happy that we have achieved that.

Simply put, physical gold is about financial freedom and financial security in an uncertain world.

In the volatile world of today, gold has never been more important. Investors and pension owners who re-balance portfolios in the coming days and weeks will be handsomely rewarded in 2019 and in the coming years. They will sleep better at night too and not be worried about the latest Brexit shenanigans or Trump tweet!

Bill Tyson via MSN Money:

Mark O’Byrne is Ireland’s Mr Gold. The founder of GoldCore has just launched a gold storage facility in Dublin, where he says we should all stock up on gold bars to help survive a looming economic meltdown.

Not everyone is listening but he’s not surprised – they didn’t the last time either.

Why buy gold?

The wise old Wall Street adage was that one should have 10% of one’s wealth in physical gold and hope that it does not work.

The implication is that if gold rises sharply in price, it usually means that stocks, bonds, property, and indeed one’s business may be losing value.

This was seen in the last crisis and has been seen throughout history.

Are we really heading for economic meltdown?

http://news.goldseek.com/GoldSeek/1543586306.php
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How the Bitcoin Bubble Burst Could Lead to a New Golden Era http://forums.silverseek.com/showthread.php?69232-How-the-Bitcoin-Bubble-Burst-Could-Lead-to-a-New-Golden-Era&goto=newpost Sat, 01 Dec 2018 04:35:14 GMT *One of the greatest asset bubbles of all time appears to have just burst. * *It’s not the stock market. Despite recent downside volatility amidst... One of the greatest asset bubbles of all time appears to have just burst.

It’s not the stock market. Despite recent downside volatility amidst bubble-like valuations, so far stocks have merely entered a correction.

Cryptocurrencies, on the other hand, have entered into a full-blown meltdown. Bitcoin will go down in history for its extraordinary rise from zero to a high of $19,783 on December 17, 2017. Its subsequent fall may be one for the history books as well.




In the second half of November, Bitcoin prices fell through a months-long trading range, triggering heavy selling down to around $3,500. Anyone unfortunate enough to buy Bitcoin at over $19,000 now faces a loss of more than 80%. Losses are also staggering for Bitcoin Cash, Ethereum, Ripple, and many others.

The story of digital currencies won’t just be a matter of their rise and fall, however. Some may bounce back. Bitcoin and its progeny may embark on another spectacular run to dizzying new heights.

Then again, they may not. Since the leading crypto coins aren’t backed by anything tangible, their value is entirely speculative.

Nevertheless, the utility of digital currency is very real. The blockchain enables individuals to engage in online transactions outside the banking system. And Money Metals Exchange is by far the most capable company in America when it comes to allowing precious metals customers to use cryptos as a payment medium.

It’s not just radical libertarians and black market merchants who value decentralized alternative payment systems. Such alternatives have the potential to offer practical advantages to users, such as avoiding fees on international cash transfers or credit card transactions.

http://news.goldseek.com/GoldSeek/1543516572.php
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INVESTMENT DEMAND: Still The Largest Growth Sector In The Silver Market http://forums.silverseek.com/showthread.php?69231-INVESTMENT-DEMAND-Still-The-Largest-Growth-Sector-In-The-Silver-Market&goto=newpost Sat, 01 Dec 2018 04:25:43 GMT *Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver... Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors. And while industrial users consume the highest amount of silver in the overall market annually, its total demand has fallen over the past decade.

Furthermore, a new study shows that global PV solar demand will decline by 40% over the next five years. But, I will get to that later in the article. However, I wanted to focus on physical silver investment demand because the alternative media community seems to have this idea that SILVER IS DEAD… IT’S NOT. While it’s true that investment demand has declined significantly from the peak a few years back, it is still much higher than what it was before the 2008 financial crisis.

Interestingly, silver coin bar and coin demand seem to spike the most when prices are falling rather than when they are rising. This was true in 2015 when total global silver coin and bar demand hit a record high of 292 million oz (Moz) as the silver price fell to a low of $15.68 versus 161 Moz in 2012 when the average price was $31.15:




Now, according to the Silver Institute’s Interim Report, total coin and bar demand will fall to 125 Moz in 2018, down from 142 Moz during the prior year. So, even though physical silver investment demand is down more than half of what it was at its peak in 2015, it is significantly higher than what it was in 2007, before all hell broke loose in the financial system and economy.

Looking at the data from prior World Silver Surveys (found at the Silver Institute), coin and bar demand ranged from 50-60 Moz during 2000-2007. However, things got really interesting in the silver market when the priced jumped to $20 in 2008 on the back of a disintegrating banking and housing market. Silver coin and bar demand more than tripled in 2008 to 192 Moz.

But, in 2017 and 2018, the ongoing low prices saw global silver coin and bar demand fall to lower levels as investors focused on the more volatile broader markets, Bitcoin and the Cryptos. Nonetheless, I believe life will return back into the precious metals in 2019 as FEAR ENTERS into the market.

As I mentioned, physical silver investment demand is the largest growth sector in the entire market if we use the 2008 financial crisis as a guideline. If we compare global silver coin and bar demand it has increased 123% from 56 Moz in 2007 to 125 Moz forecasted this year (Thomson Reuters GFMS Team). Now, the only other sector that has shown an overall increase in the same period is silver jewelry demand which grew 8% versus an 11% decline in Industrial usage followed by a drop of 8% in the silverware sector:




Analysts who continue to brag about rising industrial silver demand don’t seem to pay attention to the figures. Industrial silver demand peaked in 2011 at 661 Moz and is forecasted to fall another 2% this year to 585 Moz down from 596 Moz in 2017. I have stated over and over again, that industrial silver demand is not the primary driver of price. Why? In 2012, when the silver price was higher at $31 industrial silver demand was less at 600 Moz compared to 634 Moz in 2019 when the price was only $20.

That being said, silver industrial demand is likely to continue contracting as oil production peaks and declines. Even if we disregard falling oil supply and its impact on the overall market, a new study titled The Role Of Silver In The Green Revolution (for the Silver Institute), states that silver demand in the PV Solar Industry is forecasted to decline by 40% by 2024:

http://silverseek.com/commentary/inv...r-market-17498
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BREXIT May Lead to UK Property Crash and Depression http://forums.silverseek.com/showthread.php?69230-BREXIT-May-Lead-to-UK-Property-Crash-and-Depression&goto=newpost Sat, 01 Dec 2018 04:21:01 GMT – Brexit no-deal would lead to “worst crash since 1930s” – Gold rose 0.6% in dollars and 1.2% in pounds today – UK economy could contract by 8%,... – Brexit no-deal would lead to “worst crash since 1930s”
– Gold rose 0.6% in dollars and 1.2% in pounds today
– UK economy could contract by 8%, house prices fall 30%, sterling fall 25% warns Bank of England
– Sterling collapse would push Irish economy into recession
– Carney’s doomsday scenario sees the crippling of UK finances, the pound crashing and inflation soaring
– BOE accused of “Project Fear” and attempt to scare UK parliament to vote against Brexit deal





Market Performance – 1 Day (Finviz)
via Times UK:

Britain would be plunged into its deepest recession since the 1930s under a disorderly no-deal Brexit, the Bank of England warned yesterday.
House prices could fall by 30 per cent, interest rates rise to 5.5 per cent and the economy shrink by 8 per cent — a greater contraction than after the 2008 financial crisis — its worst-case scenario showed.

Ben Broadbent, one of the Bank’s deputy governors, said that this would be worse than any crisis since “we went back on gold” and the economy subsequently crashed in 1930. In the 2008 financial crisis the British economy shrank by 6.3 per cent.

The Bank gave its assessment hours after a Whitehall analysis suggested that the economy would shrink under all versions of Brexit.

Full article on Times UK here

Editors Note: While the BOE’s latest warnings are alarmist, we concur with Mark Carney’s advice to “hope for the best but to prepare for the worst” by re-balancing investment and pension portfolios and owning physical gold. ]]>
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COT Silver Report - November 30, 2018 http://forums.silverseek.com/showthread.php?69229-COT-Silver-Report-November-30-2018&goto=newpost Sat, 01 Dec 2018 04:11:57 GMT * http://silverseek.com/commentary/cot-silver-report-november-30-2018-17501 For anyone not able to see the complete COT report or would prefer...
http://silverseek.com/commentary/cot...-30-2018-17501

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/1543609596.php
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Home Sales Plunge, Trade Deficit Spikes, Fed Blinks http://forums.silverseek.com/showthread.php?69228-Home-Sales-Plunge-Trade-Deficit-Spikes-Fed-Blinks&goto=newpost Fri, 30 Nov 2018 07:20:32 GMT *Looks like we just hit an inflection point. So far this morning:* *U.S. new home sales drop to more than 2-1/2-year low... Looks like we just hit an inflection point. So far this morning:
U.S. new home sales drop to more than 2-1/2-year low

(Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.
The Commerce Department said on Wednesday new home sales dropped 8.9 percent to a seasonally adjusted annual rate of 544,000 units last month. That was the lowest level since March 2016. The percent drop was the biggest since December 2017.
New Home Sales ‘000s

source: tradingeconomics.com
The trade deficit spikes:

US Trade Deficit Soars To Record High As Exports Tumble


(Zero Hedge) – The October advanced trade balance (deficit) of goods worsened to $77.2 billion ($77.0 billion expected) from $76.3 billion in September.
• Imports rose 0.1% in Oct. to $217.764b from $217.554b in Sept.
• Exports fell 0.6% in Oct. to $140.517b from $141.303b in Sept.
This is a new record high deficit for Trump’s America…




In December 2016, the US goods trade deficit was $63.485 billion.
In October 2018, the US goods trade deficit is $77.2 billion.
A dramatic rise of almost $14 billion since Trump’s election and trade war started.
And the Fed blinks:

Fed Chairman Powell now sees current interest rate level ‘just below’ neutral

http://news.goldseek.com/DollarCollapse/1543436792.php
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Powell Just Signaled That The Next Crisis Is Here http://forums.silverseek.com/showthread.php?69227-Powell-Just-Signaled-That-The-Next-Crisis-Is-Here&goto=newpost Fri, 30 Nov 2018 07:13:25 GMT *Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year,... Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We won’t know until January how retail sales fared this holiday season. I know that, away from Wall Street carnival barkers, the retail industry is braced for disappointing holiday sales this year.

A subscriber asked my opinion on how and when a stock market collapse might play out. Here’s my response: “With the degree to which Central Banks now intervene in the markets, it’s very difficult if not impossible to make timing predictions. I would argue that, on a real inflation-adjusted GDP basis, the economy never recovered from 2008. I’m not alone in that assessment. A global economic decline likely started in 2008 but has been covered up by the extreme amount of money printed and credit created.

It’s really more of a question of when will the markets reflect or catch up to the underlying real fundamentals? We’re seeing the reality reflected in the extreme divergence in wealth and income between the upper 1% and the rest. In fact, the median middle class household has gone backwards economically since 2008. That fact is reflected in the decline of real average wages and the record level of household debt taken on in order for these households to pretend like they are at least been running place.”

The steep drop in housing and auto sales are signaling that the average household is up to its eyeballs in debt. Auto and credit card delinquency rates are starting to climb rapidly. Subprime auto debt delinquencies rates now exceed the delinquency rates in 2008/2009.

http://news.goldseek.com/GoldSeek/1543432418.php
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General Motors And General Electric Highlight The Ponzi Scheme That Is The US Economy http://forums.silverseek.com/showthread.php?69226-General-Motors-And-General-Electric-Highlight-The-Ponzi-Scheme-That-Is-The-US-Economy&goto=newpost Fri, 30 Nov 2018 07:11:23 GMT *America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful... America’s twin economic “generals” are both in very deep trouble.

General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy.

General Motors was founded in 1908, and at one time it was the largest automaker that the world had ever seen. But now it is closing a bunch of factories and laying off approximately 14,000 workers as it anticipates disappointing sales and a slowing economy.

If the U.S. economy really was “booming”, both of these companies would probably be thriving. But as you will see below, both of them have been victimized by the exact same Ponzi scheme, and both firms are sending us very clear signals that the U.S. economy is heading for troubled waters.

Whenever you hear the word “restructuring”, that is always a sign that things are not going well for a company.

And it turns out that GM’s “restructuring” is actually going to cost the firm 3.8 billion dollars…

General Motors said Monday it plans to effectively halt production at a number of plants in the U.S. and Canada next year and cut more than 14,000 jobs in a massive restructuring that will cost up to $3.8 billion.

Of course GM doesn’t have 3.8 billion dollars just lying around, and so they are actually going to have to borrow money in order to close these plants and lay off these workers.

Needless to say, President Trump is not very happy with General Motors right now…

Trump said he spoke Monday with GM’s CEO, Mary Barra, and ‘I told them, “you’re playing around with the wrong person”.’

He told reporters as he left the White House for a pair of political rallies in Mississippi that the United States ‘has done a lot for General Motors. They better get back to Ohio, and soon.’

There is no way that Mary Barra should have ever been made CEO of General Motors, and now the entire world is getting to see why.

In addition to the elimination of about 6,000 factory jobs, GM will also be cutting about 8,000 “white collar jobs”…

In addition to the production cuts, GM said it will reduce its North American white-collar workforce by about 8,000. The deadline passed last week on a voluntary buyout for those workers, and GM spokesman Pat Morrissey told the Free Press that only 2,250 employees have asked to take the offer, meaning as many as 5,750 workers could be cut if the company keeps to its announced total. Analysts told the Free Press to expect involuntary cuts in January.

So why is General Motors doing this?

After all, if the U.S. economy really is “booming” that should mean increased sales for all of the major automakers in the coming years, right?

Unfortunately, the truth is that hard times are already here for automakers. In fact, Bob Lutz told CNBC that “we’ve got a demand problem on cars”…

Former GM Vice Chairman Bob Lutz said the automaker historically would have raised sales incentives to try to sell more cars before resorting to plant closures.

“Nowadays GM looks at the hard reality, says we’ve got a demand problem on cars, what are we going to do about it. We have to shut some facilities and move production to truck plants,” Lutz said on CNBC’s “Halftime Report. ” “So I think what we are seeing is a fast-acting and reality-oriented GM management.”

In other words, sales are not good and so now is the time to shut down factories.

Of course GM is not the only one that is shutting down facilities and laying off workers. If you doubt this, please see my previous article entitled “U.S. Job Losses Accelerate: Here Are 10 Big Companies That Are Cutting Jobs Or Laying Off Workers”.

But if General Motors had been much wiser with their money, they wouldn’t have had to initiate a “restructuring” so quickly.

Over the past four years, General Motors spent a staggering 13.9 billion dollars on stock buybacks.

GM executives were able to prop up the stock price for a while, but at this point the stock is down about 10 percent from where it was four years ago. The following comes from Wolf Richter…

During this four-year period in which GM blew, wasted, and annihilated nearly $14 billion on share buybacks, the price of its shares, including today’s 5.5% surge – getting rid of workers is always good news for shares – fell 10%.

These stock buybacks are a massive Ponzi scheme, and everyone that was involved in blowing such a giant mountain of cash at GM should be fired.

http://news.goldseek.com/GoldSeek/1543430792.php
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<![CDATA[Love. Fear. Inflation. A Precious Metals' Trifecta]]> http://forums.silverseek.com/showthread.php?69225-Love-Fear-Inflation-A-Precious-Metals-Trifecta&goto=newpost Fri, 30 Nov 2018 07:05:48 GMT *Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand. During certain times in... Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand.

During certain times in the past only one or two of these elements provided most of the momentum.

However, as we move into 2019, and for possibly the next 5-10 years, all three will be in play. They will operate synergistically to consistently motivate increased precious metals' buying around the globe. This will happen, even as meeting that demand with sufficient new supply becomes problematic.

The term "synergistic" is used here on purpose. By definition, it relates to "the interaction or cooperation of two or more organizations, substances or other agents to produce a combined effect greater than the sum of their separate effects."

The Three Demand Drivers for Precious Metals

Fear: Not just about social and economic unrest, but also – as prices begin to move up and away – fear of missing out!

People buy gold (and silver) as insurance, as an easily saleable for cash when needed option, and as a last ditch "get out of Dodge" ticket when the local currency has been "burned" due to government mismanagement and corruption.

Ask Vietnamese in the 1970's or Zimbabweans, now in their second currency-destroying hyperinflation in recent memory. Ask Argentines facing their 9th currency-extinction event in modern history, or Venezuelans today.

Fear manifests itself today in the current roller-coaster ride of the larger stock markets (DOW/S&P, etc.), the student debt trigger (at almost $1.5t, much of which is in arrears), liquidity draining by the Federal Reserve, and record levels of overall U.S. debt.

http://news.goldseek.com/GoldSeek/1543426871.php
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The Approaching Storm http://forums.silverseek.com/showthread.php?69224-The-Approaching-Storm&goto=newpost Fri, 30 Nov 2018 07:02:32 GMT *Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion. His sequence: ... Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion.

His sequence:

1.Bear Market
2.Recession
3.Deficits explode
4.Return of ZIRP and QE
5.Dollar tanks
6.Gold [and silver] soars
7.CPI spikes
8.Long-term rates rise
9.Federal Reserve is forced to hike rates during a recession
10.A financial crisis without stimulus or bailouts.

Expanding on his sequence:

BEAR MARKET: Bear markets happen often. Markets, whether stocks, bonds, sugar, crude oil or gold, rise too far and too fast and correct, sometime violently. An arbitrary definition of a bear market is a 20% decline. Larger corrections are common. Examples:

•NASDAQ 100 Index dropped 84% after the 2000 bubble.
•Crude oil dropped 76% during 2008 from its all-time high of $147.
•Silver dropped 93% in the decade following its all-time high in 1980 over $50.
•Deutsche Bank fell 90% since 2007.

RECESSION: Recessions often parallel bear markets in stocks and occur every five to ten years. Sometimes they are brief downturns where loans default, credit is tightened and businesses trim excess costs. The economy prospers after the recession until the next one arrives.

Pump too much credit into the economy (created by central banking and fractional reserve banking) and mal-investments expand. A recession cleanses the excess. But in 2008 the Fed “papered over” the problems and didn’t allow liquidation of bad debts, insolvent big banks and weak businesses. Instead the Fed created dollars from nothing and gave loans to big banks, insiders and the politically connected. Loan examples:

•Citigroup $2.513 trillion (Yes, $Trillions!)
•Bank of America $1.344 trillion
•Goldman Sachs $814 billion

DEFICITS EXPLODE: Recessions weaken the economy, businesses lose profits, pay less in taxes and the government must borrow the shortfall. Individuals lose their jobs, receive unemployment compensation, claim disability and collect Social Security. The government receives less tax revenue and pays out more in benefits. Deficits explode higher.

RETURN OF ZIRP AND QE: The central bank could allow banks to fail, tighten credit, increase interest rates and nurse the economy back to health over years, maybe decades. Will this happen? OF COURSE NOT! The Fed protects the big banks and treats the middle class as “milk cows” who feed banks and the political and financial elite. ZIRP and QE direct dollars to the big banks and create higher prices for everyone. If the Fed does not dissolve, expect QE and higher prices.

DOLLAR TANKS: Feed a huge number of new dollars into the economy and each dollar buys less, so prices rise. The dollar falls in purchasing power for everything we need. “Inflate or Die!”

http://news.goldseek.com/GoldSeek/1543417453.php
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The Cost Of Insurance Is About To Jump http://forums.silverseek.com/showthread.php?69223-The-Cost-Of-Insurance-Is-About-To-Jump&goto=newpost Fri, 30 Nov 2018 06:57:30 GMT *Rising insurance costs may convince Americans that climate change risks are real One of the great challenges of tackling climate change is making... Rising insurance costs may convince Americans that climate change risks are real

One of the great challenges of tackling climate change is making it real for people without a scientific background. That’s because the threat it poses can be so hard to see or feel.

In the wake of Hurricanes Florence and Michael, for example, one may be compelled to ask, “Was that climate change?” Many politicians and activists have indeed claimed that recent powerful storms are a result of climate change, yet it’s a tough sell.

What those who want to communicate climate risks need to do is rephrase the question around probabilities, not direct cause and effect. And for that, insurance is the proverbial “canary in the coal mine,” sensitive to the trends of climate change impacts and the costly risks they impose.

In other words, where scientists and educators have had limited success in convincing the public and politicians of the urgency of climate change, insurance companies may step into the breach.

Steroids and climate change
Dr. Jane Lubchenco, an environmental scientist who oversaw the National Oceanic and Atmospheric Administration from 2009 to 2013, offers a clever analogy to convince people of the connection between the destruction wrought by a single hurricane and climate change. It involves steroids and baseball.

http://news.goldseek.com/DollarCollapse/1543350593.php
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<![CDATA[Craig Hemke at Sprott Money: Those 'exchange for physicals' at the Comex aren't real]]> http://forums.silverseek.com/showthread.php?69222-Craig-Hemke-at-Sprott-Money-Those-exchange-for-physicals-at-the-Comex-aren-t-real&goto=newpost Fri, 30 Nov 2018 06:54:01 GMT Dear Friend of GATA and Gold:

The TF Metal Report's Craig Hemke, writing today at Sprott Money, does the math on the last year's worth of the use of the "exchange for physicals" mechanism of settling gold futures contracts on the New York Commodities Exchange. Hemke calculates that nearly 2.4 million Comex gold contracts have been settled this way since last November, totaling 7,442 tonnes of gold.

This total, Hemke notes, is 260 percent of annual gold mine supply and nearly equal to all the gold claimed to be vaulted by the members of the London Bullion Market Association, the Bank of England, and the Comex itself.

How can this be?

Hemke concludes:

"There are no 'exchanges for physical' taking place at all -- at least not in the sense of actual, unencumbered, and allocated physical metal. Instead, EFPs are just another part of the great scam known as The Fractional Reserve and Digital Derivative Pricing Scheme, where alchemized digital and unallocated gold is foisted upon the masses, who blindly accept 'exposure to the gold price' as a substitute for the real thing."

There's another question here, which GATA has put in writing to the U.S. Commodity Futures Trading Commission without yet getting a response, despite recruiting a member of Congress to prod the agency. That is, how does the commission regard EFP reporting, since it can't possibly be accurate in any conventional sense?

http://news.goldseek.com/GATA/1543338816.php
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Not Much Has Changed In Metals http://forums.silverseek.com/showthread.php?69221-Not-Much-Has-Changed-In-Metals&goto=newpost Fri, 30 Nov 2018 06:51:04 GMT *I am still struggling between the charts that still seem like they want run high (silver and ABX), and the others who are now hitting their... I am still struggling between the charts that still seem like they want run high (silver and ABX), and the others who are now hitting their resistances and can turn down. Unfortunately, nothing has really changed any of these perspectives for me since the weekend.

The main chart to highlight is silver. As I noted with regard to silver, its downside pattern is really full. While that does not mean it cannot go lower, it does mean that looking lower may cause you to miss out on the next run higher. As long as all pullbacks remain corrective, silver has a pattern in place to run towards the 16 region to complete 5 waves up off the lows. And, should we pullback correctively in a wave ii from that rally, and then move back over the top of wave i, that would be our strong confirmation that the bull market has resumed in silver, and I would even be considering leveraged long positions at that time.

For those that have been following us for some time, you would know that we highlighted how ABX had a completed and very “fully cooked” downside count, and would likely lead the market off the lows. Thus far, that is what we have seen. Currently, ABX retains its potential to run to the 15 region in a more extended wave (i) off the lows. And, to be honest, if that consolidation was already all of wave (ii), and we rally through the 16.25 region, ABX may already be in its wave 1 targeting the blue box. Should that occur, and you want to add to you positions, you would use the 15 region for stops.

Keep in mind, when this market begins to run, they RARELY allow for a “gentleman’s entry,” as almost all pullbacks become quite shallow. So, clearly, I would not want to be shorting the ABX if I was looking for a hedge in this complex.

But, when I look at the NEM, I still have no satisfying bottoming structure, nor do I have a clearly impulsive structure that allows me to maintain a confident view that the bottom has been struck. The only clue that suggests a bottom may have been struck is that it hit the minimum target we had for this pullback in the 29 region (before I slightly lowered it based upon the micro structure I was following. The ideal target still remains in the 26-27 region.

http://news.goldseek.com/GoldSeek/1543331846.php
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