Loading ...we near the FED decision
Ebola to Rescue Obola
The Pres failed to get a War started to distract voters from administration Failed Policies..Putin saw right through that ploy and started a successful European campaign to show how Moderate he was .
Now the Desperation really gets going… Obola wants to bring Ebola here for a REALLY dangerous distraction that nobody can ignore ! Same ole ,same ole Psychopathic Politicians willing to gamble with innocent peoples lives to maintain Power and votes. Its nothing but a dangerous distraction ,he is willing to risk your lives to maintain Power..A Despicable act..
Larry Edelson and what you do not want to hear!!
| Gold: The Ultimate Store of Value? | |||||||
| by Larry Edelson | |||||||
Dear XXXX,
Over the past couple of weeks, gold has managed a meager rally. Yet, despite the rally, gold has already given me a major sell signal. And another one looms ahead. Ditto for silver. It concerns me. Why? Because I know there are scores and scores of investors who are getting bad advice in the precious metals that will result in terrible losses. Look, gold is the ultimate store of value. That is true. And someday, gold will head north of $5,000 an ounce. Silver north of $150. But if you want to avoid losing money in the precious metals market and instead make the most amount of money you can, you simply must get your timing right. And just as important, you must have an open mind when investing in gold and silver. You can’t get married to your metal (or any investment for that matter) — as if investing in precious metals was some sort of religion.
For instance, you have to realize that sometimes, gold is money … and sometimes it simply isn’t money. Or even a store of value. Right now, gold is not money. Just consider what’s happening in Europe. The wicked and aggressive devaluation of the euro is actually starting to set off a massive stampede out of gold and into cash and other assets. Why would Europeans dump gold, especially when their currency is being devalued? It’s simple. The recent sharp decline in the euro caused the price of gold in euros to spike higher, while the dollar price of gold essentially went nowhere. So savvy European investors are cashing in their profits. Moreover, European investors want liquidity, with a capital L. And holding on to gold is not a liquid situation. Moving physical gold around isn’t so easy. It takes time and money to move your gold. And even then, you won’t know how safe your gold is, because in the back of your mind there’s always that fear that your gold could be confiscated.
The bottom line: While gold is indeed the ultimate long-term store of value against depreciating currencies and especially against failing governments, there are times when forces that are seemingly bullish for gold are actually bearish. I call it the yin and yang of gold, and for that matter, all markets. There are always two sides to a coin, two sides to a market, two sides to every piece of fundamental news out there. Knowing which side is prevailing, why and when — are the keys to successful investing. That requires an open mind, no biases, and lots of experience with technical and cyclical analysis. If this sounds a bit too theoretical or complex in any way, I assure you it’s not. Mostly, all you have to do is put yourself in the shoes of a European investor right now who owns gold. You’re seeing your currency be devalued. You’re seeing rising taxes. You’re seeing deflation all around you. You’re seeing European stock markets fall and teeter on the edge of an abyss. You’re seeing massive unemployment. You also know that your European leaders may confiscate money from your bank account. You’re also frightened that Putin may soon make another aggressive move toward Ukraine, or worse, toward Estonia, Lithuania or even Poland. You know you need cash, lots of it. So your decision is simple: Dump your gold, get liquid and get out of Dodge.
Then, either pay off some bills that need to be paid (before the euro becomes worth even less) … or get it out of the euro and into another country with a currency that’s at least losing value less quickly. Or even better, into an investment that has a decent return, decent profit potential, and in a country and a currency in better shape than Europe’s. Pretty simple to understand, no? Later, in the not-too-distant future, the same fears of confiscation of wealth, rising taxes, bank failures and more will hit the U.S. and the dollar. At that time you’ll need to move your money yet again. There won’t be many safe-havens left at that point. So you’ll probably want to go back into gold. The new bull market in gold will then begin. So you see, none of this is all that hard to understand provided you keep an open mind, question the conventional, and do your own independent thinking. Right now, I repeat my warnings of the past several weeks …
My favorites vehicles for that are ProShares UltraShort Gold ETF (GLL) andProShares UltraShort Silver ETF (ZSL). For mining shares, I recommendDirexion Daily Gold Miners Bear 3x Shares (DUST).
Consider purchasing PowerShares DB US Dollar Index Bullish Fund (UUP) for a speculative long dollar play.
Best wishes, as always … Larry |
Do NOT look to gold and silver for safety right now. Ditto for mining shares.no matter what the fed does
gold down market up.. election is a scant week away .. do not let the crappy state of affairs blind the natural movement of fed induced plunge protection ..
How many secret wars are we fighting? <<<we know these losers are fighting a "secret" war with bugs
Somewhere on this planet an American commando is carrying out a mission. Now, say that 70 times and you’re done… for the day. Without the knowledge of the American public, a secret force within the U.S. military is undertaking operations in a majority of the world’s countries. This new Pentagon power elite is waging a global war whose size and scope has never been revealed, until now.
After a U.S. Navy SEAL put a bullet in Osama bin Laden’s chest and another in his head, one of the most secretive black-ops units in the American military suddenly found its mission in the public spotlight. It was atypical. While it’s well known that U.S. Special Operations forces are deployed in the war zones of Afghanistan and Iraq, and it’s increasingly apparent that such units operate in murkier conflict zones like Yemen andSomalia, the full extent of their worldwide war has remained deeply in the shadows. Read more
More recovery news
Mortgage Purchase Applications Plunge To 19-Year Lows
Tyler Durden’s pictureSubmitted by Tyler Durden on 10/29/2014 11:03 -0400
Presented with little comment.. because realistically what is there to say about a so-called ‘housing recovery’ when the volume of applications for home purchases is the lowest since August 1995. Keep believing that lower rates will support home prices… keep believing the Fed’s QE worked… or face facts, this is not your mother’s housing market any more…
Charts http://www.zerohedge.com/news/2014-10-29/mortgage-purchase-applications-plunge-19-year-lows
I’m still convinced
it’s the government manipulating the PM complex. Surely they’re trying to cover up problems.
Silver Train
Swiss Alps, and a Silver Train
http://www.railpictures.net/viewphoto.php?id=494712
Good morning Oasis
Timmins Gold Reports Earnings from Operations of $3.9 Million in Third Quarter of 2014
http://finance.yahoo.com/news/timmins-gold-reports-earnings-operations-220611795.html
Turquoise Hill Files 2014 Oyu Tolgoi Technical Report
http://finance.yahoo.com/news/turquoise-hill-files-2014-oyu-224250461.html
Maya
Sounds like they could do more for the displaced people and people with pets because they are members of their family. They could use some sort of empty buildings for storage. There are things they could come up with knowing the resources around them. I remember something about the cheaper land there. It’s said at one point in time the island will break off then the lava will create a new Island. Keep notes tell your kids to keep the notes pass them down so when that happens to buy up this cheaper land fast because it will no longer be a problem. Hopefully when it happens the gov hopefully won’t be in need and not allow commercial buyers to buy up all their land like now and leave them renting.
The Volcano has it’s way…
Well it’s all over the national news now. Madam Pele is the Hawaiian Volcano goddess, and all who live on the slopes of the Big Island volcano know that this is Pele’s land, and she can return at any time to take it back and cover it again with lava. The little village of Pahoa looks like it will be cut in half by the advancing finger of lava coming down the slope.
http://www.kitv.com/news/lava-flow-consumes-structure/29399254
Years ago when I lived there I engineered some video coverage when the southward flow from Pu’u O’o vent flowed through the village of Kalapana on the southeast coast. That flow covered the southern shoreline highway known as “Chain of Craters Road” through the Hawaii Volcanos National Park area. That southern flow is now embedded under the surface in a flowing Lava tube and emptying into the ocean at Kalapana.
Now this same active crater has sent a finger of lava eastward to Pahoa. As it advances through the village it will cut the main access highway to the entire southeast corner of the Big Island, and thousands of homes and residences will be isolated and trapped between two lava flows. They have carved a new access road around the east coastal area jungle to serve the area, but this presumes the lava flow will stop before reaching the east coast of the island. If the lava makes it to the ocean, the entire southeast corner of the island is isolated between two lava flows.
The national park has turned “Chain of Craters road” back over to the county and they have begun to carve out a road where the old road was covered by lava along the southern coastline years ago. The only problem is… the road must cross over an actively flowing, subsurface lava tube. There is talk of constructing a steel bridge over this hot lava tube area for structural support in the event the crust breaks, so no cars will fall into hot lava. I don’ t believe this has ever been done or even proposed before…. anywhere.
This area was the cheapest area to buy land and housing on the island. I once considered it, but my local friends were smart enough and dissuaded me. Then I moved back to the mainland, anyway. We can all watch now as a little bit of Hawaiian history is burned, and reborn as the newest land on earth.
Florida 8:55
They’re just showing off cuz they get the good stuff to party while everyone else gets there’s from Mexico.
Re Peter Schiff, The Fed, and Q-E baloney
Interest rates have been dropping ever since the Fed said they were cutting back on amount of bonds being bought. Well, something is wrong. Less Q-E and falling rates.
One of the two is lying.
Either the Fed is Q-E ing behind everyone’s back, or…
Natural market forces wrested control from and are doing the Q-E ing.
The excess creation of paper money for decades, far in excess needed for buying goods and services HAS to be OVER flowing into bank accounts, CDs, Bonds etc, and not enough people wanting needing or able to borrow money to spend.
In a sense its all dead money. Even the tiny amount of bond interest available (2.6% on 10 year) are probably not deserved. In other words, these pathetically “low” US bond rates are probably manipulated higher than warranted.
Wouldn’t it be awesome to have Putin and Fung Schway in China declare interchangable gold backed Yuan/Ruble just before the Fed and midterm elections?
Care to dream along with me?
Floridagold @ 15:58
Australia has already lost their guns along with most other countries. No reason to chance infecting those countries.
The US still has their guns. Need a reason to declare Martial Law, go door to door looking for Ebola victims, and at the same time collect all the guns. Maybe fill all the FEMA camps with anyone who protests. Just saying!! Silverngold
MAYBE??
Dollar lower highs lower lows so far.
http://scharts.co/10xnv8p
Dow 2 lower lows and 2 lower highs too.
http://scharts.co/10xpauW