another Mortgage crisis is about to hit Europe ..Many mortgages made in Europe were denominated in Swiss Francs because small countrys had bad credit !  Those LOANS just went South and may be defaulted on because they just got 30-50 % more expensive to pay !

the next few days to weeks should test the domino theory. At least four financial dead bodies have already surfaced and more are sure to follow soon. The financial ripples will tell us just now big the Rock was that hit the pond. The losers in the franc debacle are broke and no way to paper this one over. The investment houses are responsible to get the fiat from the losers to the winners. The insolvent losers will simply walk away. The big banks are taking a huge hit to cover the bad bets. Nobody deserves a financial watermelon enema more than Goldman, JP morgan etc.

what assets will the banks sell to cover the losses? Do they have anything other than paper? Volatility is about to become “off the charts” as assets are sold to cover losses. One little problem, who will buy them at any price. The tables are being set up for the ultimate fire sale. The fed will have to sit this one out or risk going down themselves. The Chinese and Russians may even help out by dumping their dollars and bonds. Gold is going to tell us how bad and how sudden the downdraft will be.

we have very few competent leaders in government to facilitate a reasonable soft landing. Our grandchildren will bear the brunt.

Rno

Everest Macro Hedge Fund Blows Up After Nearly $1 BIllion In Swiss Franc Losses

http://www.youtube.com/watch?v=Y2DqFRsPrns

They’ll run an article about global warming it takes up two-thirds of the page, they run an article about how the oil rally snapped a 5 day skid for a 1/5th page, but you won’t read a peep about gold except for quote price of the day. two thirds of my paper is about sports, cars and homes. don’t expect the newspaper to provide any useful articles these days. It’s more of a advertisement delivery vehicle. Newspapers have become pathetic, I attributed to them selling out too big money mega news organizations.

if he is doing any unconventional therapy?

Beverly Hills man pays most ever for a penny: $2.5 million

part:
The coin is among 10 similar coins known to exist that were experimentally produced after the founding of the U.S. Mint, said Jim Halperin, co-chairman of Heritage Auctions.

It features a profile face representing Miss Liberty, framed by a motto that was later abandoned, “Liberty Parent of Science & Industry.”

http://www.latimes.com/local/lanow/la-me-ln-beverly-hills-man-most-expensive-penny-ever-20150111-story.html

We are much closer to an Int. top than to a bottom or start of cycle. I am ready to buy puts in here but, I’ll wait a bit more. Slw is a pretty good measuring rod and it shows more up side to go. I’m guessing a top next week but, I’ll wait for confirmation. So now, going into an Int. top, out slither out the BS timing Analysts.

So, Gary @ Biwii thinks we are entering into an Int. up cycle? Clearly just about anyone can see that THIS Int, up cycle commenced on Nov 3rd. Today is Jan. 17th!!!!

(Reuters) – Greek anti-bailout party Syriza’s opinion poll lead over the ruling conservatives widened to 3.1 percentage points from 2.6 points, a survey showed on Saturday, eight days before the country’s election.

The survey by Kapa Research for Sunday’s newspaper To Vima showed Syriza would win 31.2 percent of the vote if the election was held now, ahead of Prime Minister Antonis Samaras’ New Democracy party which would get 28.1 percent

http://www.reuters.com/article/2015/01/17/us-greece-election-poll-idUSKBN0KQ0OX20150117

Complimentary eLetter from Biiwii.com & NFTRH.com

HUI==MACD is zero +, RSI above 50 and AROON is on an uptrend. HUI is now in intermediate rally mode.

Bottom Line

HUI is establishing an intermediate uptrend and a ‘buy the pullbacks’ regimen. In order to be firm on this, we need the real (not as imagined by too many gold bugs over the last 3 years) macro fundamental backdrop to engage. It is engaging, but not yet complete.
From the last eLetter date 1.11.15:

“HUI closed the week at a higher high to November and this can only be considered constructive. HUI now remains in intermediate rally mode (higher highs and higher lows) even if it loses what is very tentative support at 180 and even 170. Only a drop below the mid-December low would neutralize the rally potential. It has not broken above the channel so unfortunately, the 150’s are still possible within rally mode.”

HUI broke the channel to the upside and we are firmly in intermediate rally mode, without the lower channel line there to haunt the proceedings. So where are we at with the gold sector and in the mirror, the broad US stock market, for that matter?

US stocks are a mirror to the gold stock sector because they are cyclical, a trait by which they benefited through the recent post-2012 cycle of unquestioning belief and confidence in policy makers, notably the US Fed. Our thesis for the gold stock sector has all along been one of counter-cyclical orientation, and a bullish stance on the gold sector would demand a return of a proper fundamental backdrop. That appears to be in process, though not yet confirmed on all cylinders.

The daily chart of HUI shows a break up from the channel on Monday and then a normal and expected correction (NFTRH+, a free add-on to the NFTRH service, advised a buying opportunity using the GDX ETF in real time on Wednesday) to test the breakout above 180. The target for this leg of HUI’s rise is 210, but targets are not stop signs, they are simple measurements in most cases.

MACD is zero +, RSI above 50 and AROON is on an uptrend. HUI is now in intermediate rally mode.

Of course, this would be no different than previous bear market rallies unless the fundamental backdrop comes in line. And while it may be confusing to ‘inflationist’ gold bugs, our constructive stance on the gold stock sector depends on global economic contraction (including the US) for a best case scenario. The best way to measure that is using the ‘real’ (commodity adjusted) price of gold. Here is the weekly chart NFTRH has used to keep subscribers abreast of the progress.

When counter cyclical gold out performs cyclical commodities the indication is not good for the global economy. Why do gold miners benefit? Because their product rises vs. many of their cost inputs. Look no further than the Gold-Oil ratio.

There are so many fundamental and technical details that will go into successfully managing the precious metals in the coming months and years, but the above gives a summary for you.

Welcome to the Oasis. 🙂

Nice to see SOMETHING positive going on with the laws of this country. Now a bunch of state laws relating to confiscation without conviction need to be overturned.

It’s an ill wind that doesn’t blow somebody good.

Putting these two events together, the oil shutoff and monetary shock together, I view several very obvious conclusions. Russia is “courting” Europe and “helping them” decide to abandon the U.S. and to do business eastward. The Swiss I believe are trying to insulate themselves from a breakup of the Eurozone. Standing WAY back and viewing not only the forest but all of the “forests”, this is the very public beginnings of a global reset. No matter what you want to think, the Swiss have just “reset” their entire system and currency versus the euro and thus the entire world! Yes I know, this is just one country. I am trying to tell you this may only be one country but it is the beginning reset for all countries, assets, economies and financial systems!
Before finishing, it is also important to see the reaction in the gold market.

Gold has exploded $30+ higher in reaction. Gold clearly sees the Swiss action as a monetary warning sign of what is to come. What is coming is a global reset brought on by a currency and credit crisis. Gold is money. Gold is the ULTIMATE money! The Swiss franc has been seen as a “safe haven” currency. They are now “taking” more interest than they were when they first went negative. The Swiss franc is also greatly supported…by a currency which was devalued by 15% (30% at one point) overnight …which shrinks their reserve base by more than a whopping 10%! Will the world look to currencies like the Swissie or will it look to gold as a safe place to avoid the crisis and the looming reset(s)?

I think this question can be answered with another set of questions. Can the Swiss franc actually “default”? Can an ounce of gold default? Do global currencies depend on economies which may (most likely are) be leveraged too far? Switching gears with these questions, how would the Chinese answer these questions? This may be the most important question of all because the old saying “he who has the gold …makes the rules”. We know for a fact the Chinese “have the gold”. We highly suspect (via common sense evidence) that the U.S. and the West in general has offloaded much of their gold. Could China force a global reset into gold at much higher prices?
Folks, this is truly it! The Swiss have fired the opening “re set” volley! The leverage employed all throughout the West will force “sales”, and will force “purchases” of various markets, currencies, commodities, credits and “money”. Close your eyes to this at your own peril, time is now very short to secure your chair in this global game of musical chairs! A global reset has begun!

Regards, Bill Holter, Miles Franklin Associate write

Thank you for the heads up on that news. That baloney started back around 1980. Nothing but another tax with a fighting drugs or unreported income excuse.

Bottom line. IT’S ANOTHER REVERSAL! Thanks. I keep track of those things. Basically its a tax cut, and public relations thing for police who have been on the hot seat lately.
Too many cops are not cop material unfortunately. Some are scared stiff, and not street wise. My nephew got on the NYPD many years ago because his father a NYC fireman got him in. That kid I knew since birth. He was NOT police material. After a few years he quit.

Reversals of the past are good signs for the future.

Central Banks are starting to feel the heat…

Look for the oil market to turn on a dime in here – and that will remove all of the “deflationary fears”that are keeping the bankers tossing and turning as the mere spectre of disappearing bonuses gets vapourized with one keystroke from 133 Liberty St…Here is a comment this morning from a widely-followed charting service that capsulizes the events that have led to a 300+ point drop in the Dow Jones and a 30-point crash in the S&P500.

These Central Bank “interventionalists” are going to do anything and everything to prevent deflationary expectations from becoming engrained into the minds and psyches of investors worldwide because they are loaded to the gills with “risk assets” and deflation means weakened collateral value for those assets and bankers cannot abide by anything vaguely resembling “weakened collateral” because Hank Paulsen is retired and I doubt that Janet Yellen would be willing to get down on her knees and beg Congress for yet another bailout. So to hell with bailouts; they will just juice the oil market and then launch QE4,5, and 6 in order to stem the U.S. dollar’s surge and VOILA! Banker problem solved.
— COPPER PLUNGES TO SIX-YEAR LOW

— FREEPORT MCMORAN PLUNGES ALONG WITH IT

— 10-YEAR BOND YIELDS FALLS TO 20-YEAR LOW ON DEFLATION THREAT

— FALLING BOND YIELDS HURT BANK STOCKS

— RISING VIX SUGGESTS PERIOD OF LOW VOLATILITY MAY BE ENDING

— S&P 500 NEARS TEST OF SUPPORT

— WEAK DJ WORLD STOCK INDEX RAISES RISK LEVEL FOR U.S. STOCKS

“Deflation is Kryptonite for the Central Bank Supermen” is my new mantra for 2015 so since it was oil that started this deflationary avalanche, I fully expected the Plunge Protection Team to step into the crude oil market (like today) so that those High Yield Junk (Energy) bonds don’t bury their banker brethren with defaults.

ANDERSON, Calif. (AP) — Officials say a driver with United Parcel Service has been arrested on suspicion of grand theft after several packages containing silver coins and silver and gold bars worth more than $200,000 went missing during the shipping process.

The Shasta County Sherriff’s Department says Kevin Peel was arrested Friday in the city of Anderson.

The department says Peel became a person of interest early in the investigation, which began in October when several packages containing precious metals went missing.

Authorities say sheriff’s detectives served a search warrant at Peel’s home days later and found cases of gold bars and silver coins matching the quantities reported stolen.

Deputies recovered gold and silver bars worth about $200,000 but say they had no evidence at the time the 40-year-old driver had stolen the precious metals.

He’s being held on $250,000 bail. source