Hard Asset Alliance – Jobs Recovery? Keep Dreaming
Is this the real life? Is this just fantasy? These are the opening lyrics of Queen’s epic rock ballad Bohemian Rhapsody. For years, rumors circulated about the meaning of this iconic song, including a popular theory that it was a metaphor for Freddie Mercury’s battle with AIDS. The legendary front man ultimately dispelled such speculation, explaining that the lyrics were nothing more than “random rhyming nonsense.”
While the song may not have been written with any particular symbolism in mind, the opening lyrics are strangely metaphoric of today’s irrational investment environment, which has many investors pinching themselves as the stock market continues its historic rise despite deeply entrenched structural problems.
PS……Anybody who say’s otherwise is a blatant liar.
Why Irish,,,,,I am surprised ….That you would say such a thing,,,,,,Heck, we do not need any jobs…..This is ROME 2…….we have all the food we can eat, the rent is paid, we have free education, free healthcare,,,,why they even seed the illegals checks for their dependents in Mexico……….We have plenty ,,,of money……just ASK UNCLE BEN…..WHO NEEDS A STINKEN JOB…………….
http://www.zerohedge.com/news/2013-06-25/complete-annotated-history-spying-ourselves
Nice flow chart for 2013
Read this one and weep.
http://www.zerohedge.com/contributed/2013-06-25/death-leverage
There is movement behinds the scenes of gold:
Current dealer gold inventories as of this evening:
i) Scotia: 231,619.164 oz or 7.204 tonnes (Monday… 285,596.23 oz or 8.88 tonnes)
ii) HSBC: 252,683.176 oz or 7.85 tonnes (Monday 270,197.277 oz or 8.4 tonnes)
iii) JPMorgan: 408,709.033 oz or 12.71 tonnes
Brinks dealer account has the lions share of the dealer gold at 446,698.99 oz 13.894 tonnes.
People that bought gold in the futures market and opted for June delivery have gold taken out of JPMorgan’s vault and the 29.78 tonnes from June delivery have not been removed from JPMorgan’s inventory as of yet.
Looks like JPM might have to shake the trees in order not to default!
I seriously don’t know if taking gold price down shakes much out any more.
The rest of the month looks to be very interesting!!!!
I getting sick of living in interesting times….I’m long gold and holding on as tight as I can. My son will have to pry it from my rigor mortissed fingers after I’m gone.
oFF subject – Why are there so many returning military veterans committing suicide from an eye witness in his own words in a note left to family members. Iraq Vet Kills Himself After Being Ordered to Commit “War Crimes“ http://www.intifada-palestine.com/2013/06/iraq-vet-kills-himself-after-being-ordered-to-commit-war-crimes/ and this kind of things that are being done daily by our military in war….. so its really brutal what goes on on an every day thing for those in combat….. from this account you can see why OUR government is so despised from around the world. And how our elected scumbags have no trouble dealing with known terrorists…
Dennis: What you and the report are saying is exactly what happened in the last couple years of Nazi Germany’s fall. When otherwise good people are ordered and forced to commit atrocities that only an evil person could live with, they can’t live with themselves. As you know that when these things happen in a nation the nation can’t live with its itself and will either extricate the evil in government or die altogether.
FOLKS, I HOPE YOU READ THIS.
AS I WROTE ABOVE JPM IS SHORT OF GOLD THEY HAVE TO SUPPLY OR DEFAULT ON IN A FEW DAYS. THEY ARE DESPERATE.
THE TAKE DOWN THIS EVENING IS A LAST DITCH EFFORT TO SHAKE OUT GOLD FOR THEM TO BUY.
WE ARE VERY CLOSE TO A JPM DEFAULT AND THAT IS END-GAME.
AFTER A JPM DEFAULT, NO GOLD AVAILABLE TO BUY, THE PRICE WILL SHOOT UP.
(Please understand “close” is in months, not days, but each futures month contract gets harder to fill. Same with LBMA.)
Please note I wrote the JPM might have to shake the trees statement 3 hours before the gold-price take-down. Sorry, I could not give an earlier warning, but I did not have data on available supply earlier.
cfs, please ask your elite friends to give you more notice.
Why is the Fed doing this…I know that they know it will end badly…there must be another angle here that we are not seeing….or is it the, Its the next guys problem attitude.
From investmentwatchblog, this is going to be scary…..
les Nenner Research (source)
Stocks should peak in mid-2013 and fall until about 2020. Similarly, bonds should peak in the summer of 2013 and fall thereafter for 20 years. He bases his conclusions entirely on cycle research. He expects the Dow to fall to around 5,000 by 2018 – 2020.
Kress Cycles by Clif Droke (source)
The major 120 year cycle plus all minor cycles trend down into late 2014. The stock market should decline hard into late 2014.
Elliott Wave Cycles by Robert Prechter (source)
He believes that the stock market has peaked and has entered a generational bear-market. He anticipates a crash low in the market around 2016 – 2017.
Market Energy Wave (source)
He sees a 36 year cycle in stock markets that is peaking in mid-2013 and down 2013 – 2016. “… the controlling energy wave is scheduled to flip back to negative on July 19 of this year.” Equity markets should drop 25 – 50%.
Armstrong Economics (source)
His economic confidence model projects a peak in confidence in August 2013, a bottom in September 2014, and another peak in October 2015. The decline into January 2020 should be severe. He expects a world-wide crash and contraction in economies from 2015 – 2020.
Cycles per Charles Hugh Smith (source)
He discusses four long-term cycles that bottom roughly in the 2010 – 2020 period. They are: Credit expansion/contraction cycle; Price inflation/wage cycle; Generational cycle; and Peak oil extraction cycle.
Harry Dent – Demographics (source)
Stock prices should drop, on average for the balance of this decade. Demographic cycles in the United States (and elsewhere) indicate a contraction in real terms for most of this decade.
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I
Thank you for posting all that in one place. And thanks for all your other posts as well.
Warning…..Black cygnet just crash landed in Italy over derivatives problem. Multi-billion losses, but may not be big enough to crash monetary system.
More details of Italian problem:
http://www.zerohedge.com/contributed/2013-06-26/italy%E2%80%99s-%E2%82%AC8bn-loss-draghi
Meanwhile in China…..out of money again:
http://www.zerohedge.com/news/2013-06-26/chinese-banks-stop-lending-due-liquidity-freeze
Depending on how this is reported by the media we may get further problems as
U.S. efforts to rein in “too big to fail” banks in the wake of the 2008 financial crisis have fallen well short and must be replaced with more aggressive measures to split up or downsize the largest financial firms, a pair of Federal Reserve bank presidents and a top regulatory official will tell lawmakers Wednesday.
Good interview with Jim Rickards over at Mcalvany.com.
I report yesterday that JPMorgan had a shortfall of gold in its dealer inventory of approx 17 tonnes.
Interestingly, the ETF GLD is reporting a reduction of 16.23 tonnes in its holdings.
Maybe I’m being overly suspicious, but I now do not think JPM will default this month.
If I was a holder of GLD, I’d be wondering what the H*ll happened. It ain’t Denmark, and something smells.
In other news, formerly-exiled (and pardoned by donor recipient Bill Clinton) Glencore founder Marc Rich has died in Switzerland at age 78. Who says money can’t buy you love.
(Glencore was the world’s largest commodity company. I have not checked recently, but it still may be.)
watching the VIX may indeed give a clue to whether the Fed is in or out of control.
A webinar with Cramer, Sprott, Casey, etc…..
http://www.thestreetgoldevent.com/cr-event/?eid=Y2ZzMjAwMEBseWNvcy5jb20=
Hope this link works…..you might have to register your email address.
Thanks CFS,
Listened to it yesterday…pretty good.
Was this the 2:00 show…..I missed it, but, will watch it ,,,thanks for posting….
I did not realize it was such a commercial for BigGold, or I would not have posted the link. (Just finished listening to it myself)
The only point I disagreed with was Sprott saying the availability of Silver relative to gold was 3 to 1.
Demand appears 60 to 1, occurrence in the earth’s crust is about 15 to 1. Economical extraction might put the ratio a little lower at maybe 12 to 1.
With Sprott claiming 3 to 1, he is saying a lot of silver is already bought up and unavailable, but that is very price sensitive. If silver goes back up over $40, I bet the relative supply to gold will return to over 10 to 1.
I think I would agree……….
AT 60 TO 1 ,,,Silver is undervalued…..by a lot……I think a lot of upside is still there,,,again,,,,the banksters want to shake this loose from everyone ,,,,,this started as early as 1957…..from what I read , The article I read in 06, detailed , that starting between 1957 and 1964…..certain families were purchasing large sums of silver,,,directly from the US.GOVT, via thur the Mint….all the silver , was transferred at $1 per oz…….from what I can remember………..
Snoeden in limbo in Moscow at the moment as Euador is dotting’ i’s and crossing ‘t’s
before giving political asylum.
http://www.scmp.com/news/world/article/1269660/ecuador-says-decision-snowden-asylum-could-take-months
Gold Continues To Bleed From COMEX- Another 5 Tons Withdrawn Monday http://www.silverdoctors.com/gold-continues-to-bleed-from-the-comex-another-5-tons-withdrawn-monday/
Gold Bear Trap: The strongest decline in 93 years, posted Wed., June 26, 2013-9:14 http://www.dailypaul.com/290550/gold-bear-trap-the-strongest-decline-in-93-years
GOLDMAN…..is getting ready to clean up…………..I think I will join them when it hits 1000……oh,…..I still am a gold bug………….gold is money and will always be money………
“READ MY LIPS……….THERE IS “NO” JOB RECOVERY”