Saturday, November 2, 2013

Jim Sinclair Exposed

Ever wonder why Jim Sinclair hardly mentions silver? Perhaps his family history can help explain that? When you understand this, you understand his and his family’s antagonism towards silver.
With the gold to silver ratio currently at 1:60 and it only comes out of the ground at a 1:9 ratio and gold has been treasured and silver destroyed…
I will be more than happy to trade some silver for gold AFTER silver outperforms gold at least 500% past the natural ratio of gold to silver.
Listen to all and follow none, especially… Jim Sinclair.

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The Next Time the Market Sells Off, This is What Traders Should Buy

During bull markets, Wall Street traders like to "buy the dips." This mantra was the order of the day, literally, when I was a hedge fund trader during the tech bull of the 1990s. Over the past year, the buy-the-dip philosophy has served traders well, as stocks have largely rebounded from every minor incursion into the red.
Now, however, the market is experiencing much more than mere dips. Today, we are getting something akin to "air pockets," meaning we are seeing some very sharp sell-offs in stocks in reaction to the news.
The latest of these air pockets came during Wednesday's post-Fed-meeting trade, as the market dropped sharply before rebounding off the session lows. The culprit here was fear that the Federal Reserve still hadn't ruled out the possibility of a December tapering of its current $85-billion-per-month bond-buying program.  (more)

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Peak “Cheap” Oil: Shale Oil Proves Peak Oil Is Indeed Upon Us

Ever the contrarian, I have been quite skeptical of the many breathless claims being made by wide swaths of the media about how a new energy bonanza is going to overtake the U.S. and eventually the world. The subject, of course, is the new shale plays in both natural gas and oil.
While these plays are in special cases quite extraordinary, and the technology is just brilliant, many of the more exuberant claims made in the past about the potential contributions of these plays are now being dialed back.
The reason? Just like any other resource, the shale plays were "high graded," meaning the best ones were drilled first. (As they say in Texas: We drill the best spots first. (more)

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People’s Worst Nightmares Coming – Have A Survival Strategy / November 1, 2013
Today one of the savviest and most well-connected hedge fund managers in the world warned King World News that when it comes to the end game, “(people) need to understand that what’s likely to happen is probably even worse than their worst nightmare.”  He also cautioned, “when the day of reckoning comes, money center banks are not going to be a safe place to be.”  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke about the ongoing war in gold, and a major power-move the Chinese government against Western Bullion banks, in this chilling and powerful interview.
Kaye:  “As we get into November things are likely to change radically (in the gold market).  I had my staff look at the seasonality of gold trading earlier this week.  It’s late here in Hong Kong but if I remember the data, November has been one of the best months of the year for a number of years for gold.
The average gain over the course of November was 4.9% to 5% for the last 10 years.  That’s astonishing when you think about it.  I’m told from our sources that the premiums in India are as high as $200 an ounce, which is just mind-boggling because of the controls that have been place on gold by the Reserve Bank of India….
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Chris Martenson: Re-Thinking Peak Oil

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Andrew Maguire – Big Banks In Trouble As Major LBMA Default Nears

from King World News
On the heels of continued volatility in the gold and silver markets, today the man who three weeks ago correctly predicted gold would surge above $1,300, is now warning King World News that the LBMA is now moving closer to a major “default.” London metals trader Andrew Maguire also spoke with KWN about what the big banks so incredibly worried at this point. Below is what Maguire had to say in this tremendous and timely interview.
Maguire: “People will ask me, ‘With such strong physical demand, how can the price (of gold) be going down?’ The answer is simple. Physical gold is completely unleveraged. Synthetic Comex supply is not gold at all, it’s just fake supply, and it temporarily overwhelms the underlying (true physical) demand.
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The 5 Worst Things You Can Do With Your Money

I don't know about you, but I've done some pretty dumb things with my own money. In my younger days I gambled in Las Vegas casinos and lost money, and more recently I've made some pretty poor stock purchasing decisions by buying into clearly questionable companies and ignoring the tell-tale warning signs that were present.

But the great thing about each and every failure is that it's a learning lesson meant to keep us from making the same mistakes over and over again. Clearly, I'm going to make mistakes going forward, but the ultimate goal should be to profit from those mistakes so they become fewer and more far between.

The reason I even bring my own personal money mistakes up is that data released a few days ago by Thompson Reuters' Lipper research service shows that $43 billion was removed from U.S. mutual funds in the previous week. It's quite plausible that the majority of these withdrawals had to do with the possibility of a debt default, which was thankfully avoided, but it also represents the biggest investment outflow we've witnessed in more than two years. With the S&P 500 near an all-time record high, it's evident that investor uncertainty and skepticism could be boiling over.  (more)

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