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Low Oil Prices – Why Worry?

Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked about high oil prices. Thus, low oil prices are viewed as an all around benefit. In fact, nothing could be further from the truth. The Peak Oil story we have been told is wrong. The collapse in oil production comes from oil prices that are too low, not too high. If oil prices or prices of other commodities are too low, […]

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This Is For The ‘Nothing Is Happening’ Crowd…

A lot of people out there expected something to happen in September that did not ultimately happen.  There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.  But without a doubt, some very important things did happen in September.  As I warned about ahead of time, we are witnessing the most significant global financial meltdown since the end of 2008.  All of the largest stock markets in the world are crashing simultaneously, and so far the amount of wealth that has been wiped out worldwide is in excess of 5 trillion […]

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Here’s How Much Manhattan Fell During the Great Depression

The richest people I know or meet always tell me the same thing: prime cities in the developed world simply can’t go down! New York, London, Paris, San Francisco, Vancouver, Singapore, Sydney – they’re all invincible! Or so these guys would have you believe. If there’s any two things history doesn’t support, it’s that the biggest cities always reign supreme… and that the ultra-rich always remain rich. There’s a reason all good mothers tell their children to become doctors or lawyers. People in those professions will likely end up in the 1% to 10% bracket where they make their money […]

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Time to Buy? Insider Trading Might Make You Think Otherwise

I’m not much of a market forecaster. I’m content to leave that in Harry’s capable hands (if you missed his latest update on Friday, read it here). But there are definitely some tools I use to better time major purchases, and one of them is insider trading activity. As I’ve noted before, all directors and major executives of publicly-traded companies are required to notify the SEC every time they buy or sell their own stock. As the regulators see it – and I agree fully – the investing public ought to be informed when the people running the company are trading […]

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This Happened In September: The UN Launched ‘The Global Goals’ – A Blueprint For A United World

Have you heard of “the global goals”?  If you haven’t heard of them by now, rest assured that you will be hearing plenty about them in the days ahead.  On September 25th, the United Nations launched a set of 17 ambitious goals that it plans to achieve over the next 15 years.  A new website to promote this plan has been established, and you can find it right here.  The formal name of this new plan is “the 2030 Agenda“, but those behind it decided that they needed something catchier when promoting these ideas to the general population.  The UN […]

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Is Glencore The Next Lehman? The World’s Largest Commodities Trading Company Is Toast

Are we about to witness the most important global financial event since the collapse of Lehman Brothers in 2008?  Glencore has been known as the largest commodities trading company on the entire planet, and at one time it was ranked as the 10th biggest company in the world.  It is linked to trillions of dollars of derivatives trades globally, and if the firm were to implode it would be a financial disaster unlike anything that we have seen in Europe since the end of World War II.  Unfortunately, all signs are pointing to an inescapable death spiral for Glencore at […]

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Swiss Competition Commission investigates UBS and JuliusBaer on possible collusion in PM trading

BullionStar Originally published at the portal of the Swiss government (translated by Markus M. Muller): The Swiss Competition Commission has started a investigation against the two Swiss Banks UBS and Julius Baer plus the foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui. The Commission has gained possible evidence, that the banks may have colluded in trading precious metals. The suspicion is that they might colluded in price fixes, especially “spreads” (differences in bid and offer prices). The post Swiss Competition Commission investigates UBS and JuliusBaer on possible collusion in PM trading appeared first on Koos Jansen. Koos Jansen

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People All Over America Are Freaking Out About This ‘Super Blood Moon’

On Sunday night, we are going to see something take place that only happens four or five times a century.  A lunar eclipse is going to occur while the moon is making its closest approach to our planet.  When this happens, the moon will temporarily appear to be red as sunrises and sunsets all over the world are reflected off the surface of the moon.  This blood red “supermoon” has created apocalyptic fears all over the globe, and many people have stocked up on enormous amounts of food and supplies in anticipation of this event.  This particular blood moon is […]

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Get Ready: The Next Wave Down in the Great Crash

I have an important update regarding how far we could see the market drop in the short days and weeks ahead… I’ve been warning for months that it looks like this bubble may finally be peaking. I’ve warned that it’s best to get out of stocks a little early rather than a bit late. That’s because, when bubbles finally break, they burst rapidly – as much as 40% in the first few months. It can make markets very volatile, up and down, hence harder to predict and adjust to. If this is indeed the end, we’ve only taken the first […]

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The London Float And PBOC Gold Purchases

BullionStar Did the PBOC covertly buy 1,747 tonnes of gold in London? This BullionStar blogpost is part of a chronological storyline. Please make sure you’ve read The Mechanics Of The Chinese Domestic Gold Market, PBOC Gold Purchases: Separating Facts from Speculation and The London Bullion Market And International Gold Trade, or it will be difficult to understand the finesses.  This week I listened to an interview with a Swiss refiner which promptly reminded me of an interview I conducted with Alex Stanczyk (currently Managing Director of Physical Gold Fund SP) on 9 September 2013 about what he was hearing from industry insiders on Chinese gold […]

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