Wednesday, 8 May 2013

CBC Gold & Central Bank Exposés

And accompanying article:

The Secret World of Gold

These two CBC presentations serve to expose what's really going on in the gold market, as well as the dictatorial powers that central bankers have taken in the last few years.

Better late than never. Props to CBC for actually giving a damn about this. Let's hope Harper can't silence them.

Tuesday, 7 May 2013

Canada 2013 Budget - Your Bank Loses, They Steal Your Money

If you don't care about this you're exactly what's wrong with society:

(from page 144-145 of the 2013 Federal Budget plan, found here:

Establishing a Risk Management Framework for Domestic Systemically Important Banks

Economic Action Plan 2013 will implement a comprehensive risk management framework for Canada’s systemically important banks.

Canada’s large banks are a source of strength for the Canadian economy.
Our large banks have become increasingly successful in international
markets, creating jobs at home.

The Government also recognizes the need to manage the risks associated
with systemically important banks — those banks whose distress or failure
could cause a disruption to the financial system and, in turn, negative impacts on the economy.

This requires strong prudential oversight and a robust set of
options for resolving these institutions without the use of taxpayer funds, in
the unlikely event that one becomes non-viable.

The Government intends to implement a comprehensive risk management
framework for Canada’s systemically important banks. This framework will
be consistent with reforms in other countries [cough *CYPRUS* cough] and key international standards, such as the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions, and will work alongside the existing Canadian regulatory capital regime.

The risk management framework will include the following elements:

  • Systemically important banks will face a higher capital requirement, as determined by the Superintendent of Financial Institutions.
  • The Government proposes to implement a "bail-in" regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities [cough YOUR MONEY cough] into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected
    institutions, investors and other market participants.
  • Systemically important banks will continue to be subject to existing risk
    management requirements, including enhanced supervision and recovery and resolution plans.
This risk management framework will limit the unfair advantage that could
be gained by Canada’s systemically important banks through the mistaken
belief by investors and other market participants that these institutions are "too big to fail."

The long and short: They will steal our money when the banks gamble it away, just like they've already done elsewhere (see: Greece, Cyprus, Ireland, Spain, Italy, Portugal, soon to be France as their banks are insolvent... as are all major banks globally - they have to be to compete). They now have a framework in which they can do it. If this isn't tyranny then quite frankly tyranny doesn't exist, because I don't know what else could be a more blatant example.

This is exactly what happened in Cyprus - and they didn't have a previous legal framework in which to do it. It was hastily thrown together by technocrats - the Troika - after the country was past the point of no return. I've been saying for a while it's coming here, and now the framework is there to allow them to do it whenever it does happen.

Let's not forget 2008 when CIBC, BMO and Scotiabank were completely underwater and required a stealth bailout (CIBC received more than 1.5 times the market value of the company in stealth bailout funds):

“At some point during the crisis, three of Canada’s banks—CIBC, BMO, and Scotiabank—were completely under water, with government support exceeding the market value of the company,” CCPA Senior Economist David Macdonald said in a press statement Monday. “Without government supports to fall back on, Canadian banks would have been in serious trouble.”
It is quite amazing that Steven Harper has the audacity to include something like this in his budget. Then again, he's committing audacious and dictatorial acts since he took office in 2006. A supposed "conservative", he's successfully racked up the biggest deficits in Canadian history and has increased the national debt to a whopping $610 billion and counting (

And now I sink back into the shadows, biding my time until the proverbial shit hits the fan and the financial system goes down as they transition to the next financial/monetary paradigm of the world. My bet's on gold, silver and commodities, but only time will tell.

Wednesday, 20 March 2013

KWN - Sinclair - The Next Danger After Putin Crushed IMF In Cyprus

Today legendary trader Jim Sinclair warned King World News that Putin’s decisive victory in Cyprus over the IMF has left the IMF one misstep away from destabilizing and creating massive bank runs throughout the entire Western world.  Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had this to say in this extraordinary and exclusive KWN interview:

Sinclair: “The concept that our financial leaders are in some sense geniuses that foresee the future and calculate every move based on their ability to divine what will be the result of their actions, is absolutely false.  The IMF made a massive mistake here.

The IMF has now put itself into a very difficult position.  The IMF must now support Cyprus, even in the face of the rejection of the attempted confiscation of partial bank deposits, or let the Cyprus banking system seek its own solutions to its banking problems, which would be Russian Corporations, or Russia itself.

If Russia was to save the Cyprus banking institutions, then, basically, a sovereign nation has trumped the IMF....

Continue reading the Jim Sinclair interview here...

Tuesday, 29 January 2013

Gold Manipulation - GATA, Ted Truman And Gold … Another Stunning Revelation

Government officials past and present outright admit that gold and silver are being manipulated by the G-10 countries.

See article for more details.

Thursday, 24 January 2013

A Night of Reflection, Ranting and Writing - Bye Bye Bond Market

I read an article today that inspired me to write a little opinion piece in regards to the bond markets and how they interact with interest rates. Perhaps this will enlighten some of those who don't fully understand the concept of bond purchases to keep interest rates lower. What of the correlation between bond yields and interest rates? Read on to find out...

DISCLAIMER: These are my opinions and should not be interpreted as investment advice. Do your own research if you're intrigued by what you read, and make your own informed decision.

Friday, 18 January 2013

KWN - Rosen - Expect Stunning $233 For Silver As It Begins To Soar

The peak of $21.44 after the first triangle was 3.93 times the triangle low of $5.455.

The peak of $49.82 after the second triangle was 5.93 times the triangle low of $8.40. 

The third triangle had its breakout to the upside and appears to have completed its testing of that breakout level.  If we use the Fibonacci progression that has followed each triangle, the next peak should be 8.93 times the third triangle low of $26.105.  This would produce the next silver high of roughly $233....

Thursday, 17 January 2013

Man Down

This is something I wrote to my mother in regards to an event that occurred recently at a Ford plant. one of her friends mentioned to her that she knew of people working in this plant,and they had delayed to her information that a worker had collapsed on the assembly line.

Naturally, this man's coworkers rushed to his aid - who wouldn't, after all?

This was a problem for the management, apparently. The workers were instructed to go nowhere near the man. Now, when situations like this arise, it is important to act quickly. Had one of the workers been trained in CPR and first aid, they may have been able to help; however, they never would have gotten the chance. The management demanded that the workers leave their fallen friend and continue work.

This delayed the process until such a time that management could call an ambulance. Unfortunately, by then it was too late. The man died - whether in-transit to the hospital or at the hospital itself, I don't know. And, really, it doesn't matter where it happened; the important thing is simply that it happened.

Monday, 14 January 2013

Here's Hoping Jamie Loses His Jobbie

JPMorgan Chase & Co. (JPM)’s board will consider releasing an internal report this week that faults Chief Executive Officer Jamie Dimon’s oversight of a division that lost more than $6.2 billion on botched trades, said two people with direct knowledge of the matter.

The final report, which builds on a preliminary analysis released in July, is critical of senior managers including Dimon, 56, former Chief Financial Officer Doug Braunstein, 51, and ex-Chief Investment Officer Ina Drew, 56, for inadequately supervising traders in a U.K. unit that amassed an illiquid position in credit derivatives last year, the people said.

Read full article...

Thursday, 10 January 2013

U.S. May Default On Debt As Soon As February 15 - GoldCore Blog

Today’s AM fix was USD 1,663.00, EUR 1,269.37 and GBP 1,036.65 per ounce.

Yesterday’s AM fix was USD 1,663.50, EUR 1,272.37 and GBP 1,035.35 per ounce.

Silver is trading at $30.53/oz, €23.40/oz and £19.10/oz. Platinum is trading at $1,613.50/oz, palladium at $693.00/oz and rhodium at $1,150/oz.

Cross Currency Table – (Bloomberg)

Gold edged off $0.80 or 0.05% in New York yesterday and closed at $1,657.40/oz. Silver climbed to $30.57 in Asia then slipped back to $30.05 by late morning in New York, but it also rallied back higher in afternoon trade and finished with a loss of just 0.07%.

Gold, 1 Month Chart – (Bloomberg)

President Barack Obama will nominate White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner.  Lew’s nomination as Treasury secretary is subject to Senate confirmation.

Gold inched higher on Thursday, as market watchers await a rate decision by the European Central Bank at 12.45 GMT. European Bank Chief, Mario Draghi’s news conference is at 1330 GMT.

The Bank of England continued ultra loose monetary policies today by keeping interest rates at 0.5% as concerns about persistently high inflation trump signs of a renewed economic downturn.

Read the rest...

Wednesday, 9 January 2013

Silver To Gain 29% in 2013 - And My Guess Is More...

Silver To Gain 29% in 2013 - Analysts, Traders and Investors

Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce.
Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.
Cross Currency Table
Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.
GOLD SPOT $/OZ and 100, 200 and 465 Day SMAs– September 2011 To Today
Prices again crept gradually higher in Asian trading prior to some retrenchment in early European trading but dollar weakness was supporting gold and silver.
Further weakness could be seen and it is worth noting that gold and silver saw considerable weakness last December (see chart above) and both bottomed near year end on December 29th prior to strong gains in January 2012.
Support for silver is at $30.67/oz and $30/oz. Gold’s support is at $1,647/oz and below that at $1,600/oz.
Silver will rise as much as 29% to $40.25/oz, from $31.10/oz today, in 2013.
This is based on the median estimate of 49 analysts, traders and investors compiled by Bloomberg.
Read the rest from GoldCore Blog