Monday, June 24, 2013

Lindsey Williams NEW INFO ~ Financial Market Collapse 2013-06-21

Pastor Lindsey Williams starts at 10:50 in the Video Financial Market Collapse (2013-06-21) :Pastor Lindsey Williams received two emails today (20th June 2013) from his elite friend bearing some startling news that could mean collapse. - Expose Cinema presents Pastor Lindsey Williams for half of the show speaking about the current economic crisis and how the economies of the world are ready for a major economic collapse through the derivative markets. This information is breaking HERE nationally. He has not talked about it anywhere else. NEW INFO.

 Email #1
A large Chinese bank just last night ran out of liquidity and was bailed out by the government. Furthermore: “The seven-day repo rate, the benchmark rate for funding costs between banks, surged to 12.33% Thursday afternoon from the 8.26% rate at Wednesday’s close. It had averaged around 3.30% this year before the liquidity crunch began at the end of last month.” This is the same phenomenon that occurred globally in September 2008.’

Email #2
‘The U.S. market has DECLINED over the past month, the Japanese stock market has recently dropped 20%, the U.S. bond market sold-off, gold (GLD) is down 20% year-to-date (YTD), Chinese stocks (FXI) have fallen 19.69% YTD, emerging markets stocks (EEM) have depreciated 11.3% IN THE LAST MONTH, copper—a premiere asset considered to indicate growth or contraction, has contracted 18% YTD, etc… Investors should not ignore this massive deflation in global markets and assets.’
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Technician John Betz: Healthy Correction – Buying Opportunity Ahead

Also, Ryan Puplava With the Market Wrap-Up, Erik Townsend on Commodities and Rob Bernard on Fixed Income
by James J Puplava CFP
Financial Sense

Jim welcomes John Betz CMT, Technical Strategist at Vermilion Technical Research, LLC. John sees the current market pullback as a healthy correction, which could touch the 200-day moving average. He sees a buying opportunity ahead, as overextended stocks become attractive again. If things were to worsen from here, he would look for a change in rotation, back to a more defensive “risk off” trade. Also in this segment, Ryan Puplava wraps up this week in the markets, Erik Townsend covers the commodity markets, and Rob Bernard has the Fixed Income Report.
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DigitalGlobe Inc. (NYSE: DGI)

Digital Globe, Inc. provides commercial earth imagery products and services in the Americas and internationally. The company operates in two segments, Defense and Intelligence, and Commercial. It offers satellite imagery contents, aerial orthomosaic imagery, and elevation series of digital surface and terrain models, as well as analysis products and services to provide context and insight to imagery. The company allows its customers in Direct Access Program, to directly task and receive imagery from its satellites. It also provides a range of on-and off-line distribution options, which enable its customers to access and integrate imagery into their business operations and applications. The company's products and services are used in defense, intelligence, and homeland security applications, as well as mapping and analysis, environmental monitoring, oil and gas exploration, and infrastructure management uses. Its principal customers include governments, civil agencies, and providers of location-based services, as well as various companies in other industry verticals, such as the financial services, energy, telecommunications, utility, forestry, mining, environmental, and agricultural industries.
To review Digital Globe's stock, please take a look at the 1-year chart of DGI (Digital Globe, Inc.) below with my added notations:
1-year chart of DGI (Digital Globe, Inc.) DGI has been working its way higher since bottoming at $14 in July. Over the last (5) months the stock had been hitting $30 as resistance (blue), which was also a 52-week high resistance. The stocks formation of higher lows (red) was probably a good sign that the stock was going to finally push above that resistance, which it did at the end of May. DGI has already tested the $30 level as support once and it appears to be pulling back down to it again.
The Tale of the Tape: DGI broke out to a new 52-week high and now seems to be pulling back. A long trade could be made at $30 with a stop placed below that level. A break below $30 would negate the forecast for a continued move higher.

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Former US Treasury Official – Fed Orchestrated Gold Plunge

from King World News
Today a former US Treasury Official told King World News that the U.S. Federal Reserve orchestrated Thursday’s massive gold plunge which shocked market participants. Dr. Paul Craig Roberts also warned that we are on a path which will send the U.S. into “total chaos.” Below is what Dr. Roberts had to say in this powerful interview.
Eric King: “We had the Fed out with two straight days of propaganda and that was followed up by a smash in gold and silver.”
Dr. Roberts: “Yes, that’s true. It shows how irrational markets are. In fact, there was nothing new in the Fed’s statement. The markets have known for a long time that at some point the Fed is to taper down its bond purchases and eventually stop them.
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The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over / By Tyler Durden / June 23, 2013, 16:10 -0400
When a month ago the Central Banks’ Central Bank, aka the Bank of International Settlements (or BIS) in Basel where the MIT central-planning braintrust meets every few months to decide the fate of the world, warned that the Fed-induced collateral shortage is distorting the markets, few paid attention. That the implication behind said warning was that QE can not continue at the current pace, was just as lost. A few short weeks later following the biggest plunge in markets since 2011 in the aftermath of Bernanke’s taper tantrum, some are finally willing to listen.
However, they will certainly not like what the BIS just released as a follow up, both in the form of the BIS’ 83rd Annual Report, and the speech by Jaime Caruana to commemorate said annual meeting. For the simple reason that it reads like a run of the mill Sunday morning Zero Hedge sermon, which says, almost verbatim, that the days of kicking the can via flawed monetary policy are now over, and that the time for central banks to end the monetary morphine drip has finally come.
The BIS message, as summarized by the FT, is that “central banks must head for the exit and stop trying to spur a global economic recovery… cheap and plentiful central bank money had merely bought time, warning that more bond buying would retard the global economy’s return to health by delaying adjustments to governments’ and households’ balance sheets.”
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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
  None scheduled  
8:30 am Durable goods orders May   4.2% 3.5%
9 am Case-Shiller home prices April   -- 10.9%
9 am FHFA home prices April   -- 7.2%
10 am Consumer confidence index June   74.0 76.2
10 am New home sales May
464,000 454,000
8:30 am GDP 1Q
2.4% 2.4%
8:30 am Weekly jobless claims 6/22
350,000 354,000
8:30 am Personal income May   0.2% 0.0%
8:30 am Consumer spending May   0.3% -0.2%
8:30 am Core PCE price index May   0.1% 0.0%
10 am Pending home sales May   -- 0.3%
9:45 am Chicago PMI June   54.2% 58.7%
9:55 am Consumer sentiment index June   83.0 82.7
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