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Chinese Physical Gold Demand Surges; Americans Pile Into Stock & Crypto Bubbles

Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China’s Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, when they took advantage of huge gold market price selloff. According to the World Gold Council, Chinese gold bar and coin demand increased to 233 metric tons (mt) in the first three-quarters of 2017 compared to […]

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Looks Just Like the Late Stage Internet Bubble into 2000

Cycles reoccur throughout history, but they more rhyme than duplicate. Each bubble tends to get more extreme than the last one because there’s more wealth to chase it. Wealth is concentrated in the top 1% to 0.1% and grows exponentially (income does not). The greatest bubble of our lifetimes was the tech bubble in the Nasdaq from late 1994 into early 2000. That built over a period of five years – the typical time frame for most stock bubbles. This current bubble, from 2011 to present day is an anomaly. This Fed and global central bank bubble has been totally […]

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How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland

This is why North Korea’s test of an intercontinental ballistic missile is so important.  North Korea had test fired a total of 22 missiles so far this year, but this latest one showed that nobody on the globe is out of their reach.  In fact, General Mattis is now admitting that “North Korea can basically threaten everywhere in the world”, and that includes the entire continental United States.  In addition to hitting individual cities with nukes, there is also the possibility that someday North Korea could try to take down the entire country with an EMP attack.  If the North […]

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Buy Into An Asset Bubble Before It Becomes A Bubble

Let’s face it, the trillions of fiat currency printed by Central Banks globally, which has been compounded by an even greater amount of debt issuance derived from the printed currency, has fomented multiple assets bubbles of historic proportions. Bitcoin is a bubble. The FANG stocks plus Tesla, among dozens of other daytrader and hedge fund momentum darlings, are bubbles. Novo Resources, for now, is a bubble. Rather than buying into today’s bubble valuations, real money can be made anticipating the next asset bubble sector. Please note that I consider cryptocurrencies to be de facto fiat currency because they share many […]

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Michael Pento Exclusive: Gold Sniffing Out Central Bank Failure; Fed Tightens into Economic Weakness

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Michael Pento of Pento Portfolio Strategies on how the broken window fallacy is now becoming a part of the narrative surrounding the terrible tragedy in the Houston area and also talks about an exciting setup he sees in the gold market and what will be the tipping point. Don’t miss another wonderful interview with Austrian economist and money manager Michael Pento, coming up after this week’s market update. Precious metals markets enter trading for the month of September with strong upside momentum on the heels […]

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New Normal Could Plunge Economy into Recession

The big news from the Federal Reserve wasn’t the quarter point rate hike (which was expected). The big news was Fed chair Janet Yellen’s announcement of “balance sheet normalization.” Fed Chair Janet Yellen claims the central bankwill soon unwind its balance sheet. In plain English, the Fed claims it will begin selling off assets from its balance sheet, which remains bloated from previous Quantitative Easing programs. If “normalization” does actually proceed at full speed, it would entail $ 50 billion in financial assets per month being dumped into the market. Not even Fed officials know how markets will react to […]

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Why Is Obama Moving Troops Into Poland And Provoking A War With Russia Right Before The Inauguration?

January 20th cannot come soon enough.  Instead of stepping back and trying to ensure a smooth transition for Donald Trump, Barack Obama has decided to go hog wild and use every ounce of presidential power still available to him.  He has been establishing a bunch of new national monuments, he just stabbed Israel in the back at the United Nations, and on Thursday he even took time to give Joe Biden a Presidential Medal of Freedom.  But one of the things that has people the most concerned is his endless provoking of Russia.  Every few days it seems like Obama […]

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Activists Are Hoping To Turn Donald Trump’s Inauguration On January 20th Into One Of The Biggest Riots In U.S. History

Radical leftists are planning to make January 20th the most chaotic Inauguration Day in American history.  Their stated goal is to “disrupt” the Inauguration festivities as much as possible, and they are planning a wide range of “actions” to achieve that stated goal.  Some of the more moderate groups are using terms such as “civil resistance” and “civil disobedience”, but others are openly talking about “blockades”, jumping barricades, throwing projectiles and “citywide paralysis”.  My hope is that all of their efforts will turn out to be a big flop, but it is important to understand that these groups are well […]

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How The West Has Been Selling Gold Into A Black Hole

BullionStar Kindly be advised to have read my posts The Mechanics Of The Chinese Domestic Gold Market and The Great Physical Gold Supply & Demand Illusion before continuing. In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the Chinese prefer to buy gold when the price declines (see exhibit 1). In total Chinese […]

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Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’

Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos.  The euro has already fallen to a 20 month low, Italian government bonds are poised for a tremendous crash, and futures markets are indicating that both U.S. and European stock markets will be way down when they open on Monday.  It is being projected that Italian Prime Minister Matteo Renzi’s referendum on constitutional reforms will be defeated by about 20 percentage points when all the votes have been counted, and […]

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