With crude oil surging 2.3 percent as the Dow moved toward the 18,000 level and gold and silver consolidated recent gains, today James Turk told King World News that what we just witnessed was a huge wakeup call for the world.
James Turk: “Commodities are moving back to center stage, Eric. Last Friday’s unemployment report was a huge wakeup call…
James Turk continues: “The... read more
On the heels of continued volatility in the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned crisis is going to spread like wildfire and there will be nowhere to hide.
Egon von Greyerz: “On Friday we had another set of figures which although fake, still shocked the financial world. Non... read more
Gold has been rescued by U.S. payrolls. Again.
The metal headed for the biggest gain in 11 weeks after the U.S. added the fewest workers in almost six years, weakening the case for the Federal Reserve to raise interest rates. Before the jobs report Friday, a gauge of volatility in bullion fell to an almost four-month low, and the volume of U.S. futures this week was the least since the start... read more
Leaders face a no-win dilemma: any change of course will crash the system, but maintaining the current course will also crash the system.
The end-state of unsustainable systems is collapse. Though collapse may appear to be sudden and chaotic, we can discern key structures that guide the processes of collapse.
Though the subject is complex enough to justify an entire shelf of books, thes... read more
With the war in the gold and silver markets continuing to rage, today a 50-year market veteran warned the world is headed once again for another 2008-style collapse.
John Embry: “Eric, it certainly has been an ugly couple of weeks in the precious metals space, with platinum being abused as much or more than gold and silver. I thought Andrew Maguire did an excellent job in explaining th... read more
As you know, May COMEX gold which traditionally is a non event was anything but this year. Last year, a total of 2,500 ounces stood for delivery, this year the number was 221,000 ounces. The amount standing on April 30 was 5.6 tons which steadily grew throughout the month to 6.89 tons. This "growth" throughout the month is something that has never happened before to my knowledge.
Now... read more
