Saturday, July 5, 2014

Greatest Short Squeeze In History To Collapse Financial System

from King World News

Today an outspoken hedge fund manager out of Hong Kong warned King World News that the greatest short squeeze in history will take place in the gold market and it is going to freeze the entire global financial system. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also said that the short squeeze in gold will take prices to levels that today seem unimaginable to market participants.
Eric King: “Chris Powell was recently giving you credit for calling this (upcoming gold mania) one of the greatest short squeezes in history, and I’m just curious, Bill, as to how you see that short squeeze unfolding?”
Kaye: “What I’ve been saying for some time is that when things get really tense, and physical gold starts to skyrocket when they can’t keep a lid on this any more, what’s going to happen is the entire system is going to freeze up….
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McEwen and Turk Talk Gold

from Northern Miner

The Northern Miner recently invited James Turk, the London-based gold analyst and founder of GoldMoney, and mining legend Rob McEwen of McEwen Mining (TSX: MUX; NYSE: MUX), to discuss their views on a number of issues ranging from the value of money, gold and gold mining stocks to the emergence of crypto-currencies.
McEwen: The price of real estate in London is incredible. Recently a 7,000-square-foot penthouse sold for US$220 million. That really shows how cheap money has become.
Turk: That’s it precisely. Money is a function of supply and demand and as people understand that money is losing purchasing power, they start moving out of money and into things. The super rich get it. They understand they’d rather have a $100 million Andy Warhol painting than have the money on deposit in a bank. You’re seeing higher prices for paintings, real estate, stocks. The stock market is not going up because of good economic prospects, but because of central bank money printing. And it’s only a matter of time before more money starts pouring into gold and silver.
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The Crash Course – Chapter 3 – Exponential Growth

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Warren Buffett On The Real Estate Market

Warren Buffett is, as most people around the world assume, the best investor on the planet. Although the performance of his investment company, Berkshire Hathaway, has been below par over the last few years, the man has earned his reputation over a very long career.
In an interview with CNBC’s Becky Quick, the Oracle of Omaha showed a side of him that many have never seen before. It appeared that he had a clear vision on the US real estate market, namely. Buffett underlined that the situation is not very encouraging, however.
In his opinion, the US real estate market is not as strong as it should be by now. Of course, it is much stronger than it was a few years ago when everything was in shambles, but the recovery is taking a lot longer than everyone – including Buffett – expected.
The Real Estate Market Has Enough Problems
Should we be worried about the influence of the US real estate market on the stock market? The recovery on the market was indeed not carried by traditional buyers; families that buy a house to live in it. Many houses were purchased as investment properties.
There are big institutional players on the market that are buying houses in bulk to rent them out. Because many Americans cannot afford to buy a house anymore it is possible to charge more for rent. Good business for investors, but not for the average Joe.
Buffett is mostly worried about the low number of transactions, in comparison to the historical average. If institutional investors are not taken into account, the situation looks dramatic. A fundamental recovery of the sector cannot happen this way, according to Buffett.
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What's Cheap in the World Today?

You probably haven't noticed, but boring government bonds are up double digits this year...

U.S. stocks continue to push to all-time highs as well... even Europe is soaring to multiyear highs.

Today, we've got uptrends around the globe. The big question is... after so many investments have run up so high, where is the value in the world today? Is there any left out there?

In short, YES!

Let me show you exactly where the value is right now...(more)
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