Bill Holter from JS Mineset.com is back to help us document the collapse for the fourth week of May, 2016. And as physical gold and silver moves East and into the strong hands of more than a billion Chinese, and as foreign banks publicly settle global trade in the Yuan, Bill reminds us that “Every step forward by China, is one or two steps backward for the US and the Dollar, that’s what’s happening. For instance, if the Yuan is backed by gold, then why would someone accept the Dollar in lieu of the Yuan if the Dollar’s not backed by anything?”
The build out of the infrastructure for the world to move completely away from the Dollar is almost complete. You have been warned.
With precious metal mining stocks finally taking a breather on Tuesday after a huge run up so far in 2016, we invited Bryan Slusarchuk, the President of K92 Mining Inc. to tell us about the upcoming IPO of this soon to be well known new gold producer. With Eric Sprott reportedly investing tens of millions into the junior mining stocks space, the timing appears to be right to leverage the inevitable rise in the global gold price with gold and silver producers.
Bryan says that central banker collusion will cause all paper currencies to lose their value and he predicts that citizens of the United States may soon understand what Venezuelans are now beginning to know: That a hyperinflationary collapse of a nation’s currency is a nightmare, and only those who have planned well for it will survive. “You have central banker collusion supporting one another’s paper currencies with more worthless paper currency reserves, that just doesn’t end well. That’s why it’s so important that investors consider gold and silver as part of their investment strategy,” Slusarchuk says.
Katie Couric Regrets ‘Poor Decision’ to Insert Pause in Gun Documentary Interview … Katie Couric is upset that an eight-second pause inserted into an interview she did with gun rights activists in the documentary “Under the Gun” has drawn criticism. – TheWrap
Yahoo’s Katie Couric has just released an anti-gun documentary with a manufactured pause that mocks pro-gun interviewees. This is one of those stories that the mainstream media cannot ignore.
It provides us with further evidence that those who wish to propagandize audiences need to be careful about how they do it. If biases are not revealed, the Internet may expose them. The perspective of the documentary is not surprising, but its clumsiness has likely undermined its effectiveness.
According to the latest statistics released by the United States Sentencing Commission, federal marijuana trafficking offenses are on the decline — and have been since Washington and Colorado legalized weed in 2012.
“The number of marijuana traffickers rose slightly over time until a sharp decline in fiscal year 2013,” the report says, “and the number continues to decrease.” By contrast, the numbers for heroin and methamphetamines are on the rise.
Russian President Vladimir Putin and the Patriarch of Moscow and all the Russias Kirill (Gundyayev) are celebrating the Divine Liturgy at Mount Athos in Greece Saturday to commemorate the 1,000th anniversary of a Russian monastic presence on the Holy Mountain.
Unlike Putin’s visit in 2005 when he became the first Russian head of state to visit the ancient monastic republic, this visit comes at a time when Europe is faced with a migratory and economic crisis, in the shadow of a rumored war with Russia.
Eurasianist ideologue Alexandr Dugin announced at the website of his think tank Katehon that the services with Patriarch Kirill will be broadcast live from Athos beginning at 13:00 Moscow time on Saturday, May 28. For those RogueMoney readers who have a high speed Internet connection, the link to watch live at Tsargrad TV’s Russian language channel is here (note: we will update this post with video to insert in this space when it appears online).
Russian military analyst Sergei Ishchenko comments on the US military’s apparent plans to increase their presence on the Black Sea coast of Bulgaria, and the possible threat to the Crimean peninsula this may pose.
US Ambassador to Bulgaria Eric Rubin confirmed late last week that the United States would deploy additional troops to the country and conduct more training exercises beginning next year. The move, Rubin said, would be part of an overall boost in US capabilities deployed in the Black Sea region.
“We’re looking at a very significant increase as we go forward to next year, not just in exercises and training but also in rotation of units and equipment from NATO allies here to ensure that there’s a constant ability to learn how to work together, to train together, within NATO, and that includes the Black Sea,” the ambassador said, according to Sofia News Agency.
Gold and silver drifted lower this week, dollar prices falling approximately 2.5% and 1.5% respectively.
It is a continuation of the previous week’s trend, which saw larger falls. To date, from 1st January the dollar price of gold this morning in early European trade is up 15.14%, and silver 17.7%. So even though prices have fallen this month, holders of precious metals have done better than those exposed to other asset classes.
A notable feature has been the sharp contraction of gold’s open interest on Comex, which over the last eight trading sessions has contracted 71,400 contracts to a more normal 525,094 figure. This contraction broadly correlates with the fall in the gold price, as shown in our second chart.
We will have the BREXIT report out next week. This is incredibly important for the fate of Europe hangs in the balance. Politicians are only interested in saving their own jobs. They do not care about the people and the markets reflect this arrogance.
Nobody has seen a chart of the Euro v British Pound since the floating rate system began. We had to take the formula used and recreate it in time. You cannot use the ECU because the pound was included. This shows the dramatic high the Euro made against the pound in 1985. Even during the rally of 2008 when the Euro reached $1.60 on the greenback, it looks like a minor blip on this chart against the pound sterling. In 2015, the Euro fell to .6937 against the pound and then rallied to close at .73750. We have a Yearly Bearish Reversal at .73450 which it avoided like many other markets for year-end 2015. If we elect this Yearly Bearish Reversal, this is warning new lows even against the British pound.
The US admitted that it sailed the USS William P. Lawrence by the disputed island in order to “challenge excessive maritime claims” made by China. In turn, China had this to say about the US effort: “This action by the U.S. side threatened China’s sovereignty and security interests, endangered the staff and facilities on the reef, and damaged regional peace and stability.”
As the US meddles in the South China Sea disputes, China has been increasingly vocal about its displeasure, and that came out very directly in recent comments made on Thursday.
1. Hear no evil, see no evil, speak no evil. Regardless of what you know, don’t discuss it — especially if you are a public figure, news anchor, etc. If it’s not reported, it didn’t happen, and you never have to deal with the issues.
2. Become incredulous and indignant. Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the “How dare you!” gambit.
3. Create rumor mongers. Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations. Other derogatory terms mutually exclusive of truth may work as well. This method works especially well with a silent press, because the only way the public can learn of the facts are through such “arguable rumors.” If you can associate the material with the Internet, use this fact to certify it a “wild rumor” which can have no basis in fact.