[KR802] Keiser Report: BP settlements & Uber’s profit

We discuss BP settlements, fracking abandonments and Uber’s balance sheet. In the second half, Max interviews ‘America’s Lawyer’ Mike Papantonio about Loretta Lynch, Eric Holder and the failure of the left and progressive wing in America.

[KR801] Keiser Report: Fraud in Miami

On the beach in Miami, we ask Reggie Middleton whether Miami really is the fraud capital of America. In the second half, Max continues his interview of Steve Dibert of MFI-Miami.com about mojitos, fraud arbitrage and whatever happened to Mers.

Bitcoin opens people up to cryptography

Keybase: Cryptography for the mainstream?: IHB News™
Read more about Keybase bringing cryptography to the mainstream

Bitcoin delivers Pot.. does the FAA care?

Stoner drones expose bitcoin’s killer app: IHB News™

Read more about Stoner drones

Margin Calls Emerge as Loans Against Stock Portfolios Used to Buy Homes, Boats and “Pretty Much Everything”

Screen Shot 2015-08-27 at 10.28.55 AM

Today’s article from the Wall Street Journal on investors taking out large loans backed by portfolios of stocks and bonds is one of the most concerning and troubling finance/economics related articles I have read all year.

Many of you will already be aware of this practice, but many of you will not. In a nutshell, brokers are permitting investors to take out loans of as much as 40% of the value from a portfolio of equities, and up to a terrifying 80% from a bond portfolio. The interest rates are often minuscule, as low as 2%, and since many of these clients are wealthy, the loans are often used to purchase boats and real estate…

Read the rest here.

Tagged with: , , , , ,

US Stock Markets Finally Bounce After Biggest Crash Since 2008


After six straight days of declines in the US stock markets, wiping out nearly 2,000 points off the Dow, the US markets were finally able to rally today, with the Dow closing up 619 points.  What does this mean?  One thing to take note of is that the volume today was lower than the last three major down days… in other words, it wasn’t a rally with a lot of conviction. Read more ›

Why Gold Was the Best Buy in 2008-9 Crash and Will Be Again This Time Too

Today’s Gold Prices: USD 1128.50, GBP 728.91 and EUR 999.38 per ounce
Yesterday’s Gold Prices:  USD 1134.40, GBP 724.63 and EUR 990.05 per ounce.

Gold in USD - 5 Years

Gold in US Dollars – 5 Years
Yesterday, gold fell $15.40 to $1124.10 in New York – down 1.3%.  Silver fell another 3% or 46 cents to $14.18 per ounce.

Why gold was the best buy in 2008-9 and will be this time too
What was the best asset class to buy for the recovery that followed the 2008-9 crash in global financial markets? Step forward gold whose rise was only exceeded by silver.

Read more on GoldCore.com

North Dakota Becomes First State to Legalize Drones Weaponized with Tasers, Tear Gas, Rubber Bullets & Sound Canons

Screen Shot 2015-08-26 at 10.08.07 AM

You could see the writing on the walls years ago. In an increasingly authoritarian, lawless, surveillance state like America, it was always inevitable that drones would be weaponized. In North Dakota, this is now a reality.

Although I haven’t written much about domestic drones as of late, I published many articles on the topic several years ago. In the 2012 piece, Drones in America? They are Already Here…I warned:

Like with any new technology, drones can be put to good use or to evil use.  Just like nuclear power can harness energy or destroy humanity altogether, drones could do a lot of good, but the problem is that the government is clearly moving more and more towards a surveillance state so we must be extra careful.  Stay vigilant.

Apparently, North Dakotans weren’t particularly vigilant, and now the state has become the first in the nation to legalize weaponized drones…

Read more here.

Tagged with: , , , , ,

Global Markets to Fed: No Rate Hike, the Strong Dollar Is Killing Us

There are many reasons for global markets to melt down, but one that doesn’t get enough attention is the strong dollar. In effect, global markets are telling the Federal Reserve: don’t raise rates–the strong dollar is killing us.

Read more ›

Tagged with: , , , , , , , ,

Gold “Insurance Policy” and Deserves a Place in Portfolios – Carmignac

Gold has a place in high-net worth individuals portfolios as an insurance policy against systemic risk in the banking system, says Carmignac commodity investor Michael Hulme.

Emma Wall Morning Star - "Why Should I Invest With you?"

EW: Hello, and welcome to Morningstar series, “Why Should I Invest With You?” I’m Emma Wall and I’m joined today by Carmignac’s Michael Hulme. Hi, Michael.

MH: Hi Emma

EW: So, we’re here today to talk about commodities. That’s your bag. I thought we’d start with that headline grabbing commodity, gold. Gold has hit the headlines this week because $2.3 billion worth of gold ETFs have been sold as gold hit a five-year low. How much further can gold can go and should we care?

MH: Very interesting question. Yes, gold has certainly lost some of its luster recently and I guess, many people are asking the question, is it foolish to invest in gold?

I think gold still has a place in portfolios. I think gold, in particular, has a place in high net worth individuals portfolios and I think there were several reasons for that. Gold is really an insurance policy against systemic risk in the financial system now.

Read transcript and watch video on GoldCore.com

Today’s Gold Prices: USD 1134.40, EUR 724.63 and GBP 990.05 per ounce
Yesterday’s Gold Prices:  USD 1,154.25, EUR 999.35 and GBP 730.56 per ounce.


Gold prices consolidate but currency weakness may provide support – The Bullion Desk
Precious-Metals Trading Is Probed by EU After U.S. Inquiry – Bloomberg
Dow, S&P close lower in biggest reversal since Oct. 08 – CNBC
Mood Getting Worse on Wall Street as S&P 500 Floor Eludes Bulls – Bloomberg
World shares sag as China jitters persist – Reuters


Gold a ‘Buy’ says Barrat – Bloomberg Video
Gold Facts and Gold Speculations – GoldSeek
Donald Trump, Fascist – Daily Reckoning
The cronies are on the run – MoneyWeek
Chinese alarm over? No, this is merely a pause in an ongoing debt crisis – The Telegraph

Click on News and Commentary on GoldCore.com

Download Essential Guide To Storing Gold Offshore

Anti-American Sentiment Runs High in Russia After Retired U.S. General Suggested “Start Killing Russians”…

Screen Shot 2015-08-25 at 2.16.05 PM

“The only way the United States can have any effect in this region and turn the tide,” Mr. Scales said, “is to start killing Russians … killing so many Russians that even Putin’s media can’t hide the fact that Russians are returning to the motherland in body bags. But, given the [small] amount of support we’ve given to the Ukrainians, given the ability of the Ukrainians themselves to counter-attack against these, what? 12,000 Russians camped in their country…sadly that’s not likely to happen.”

– Retired U.S. Major General Robert H. Scales

Read more and watch the video here.

Tagged with: , , , ,

Why the Bear of 2015 Is Different from the Bear of 2008

It’s tempting to see similarities in last week’s global stock market mini-crash and the monumental meltdown that almost took down the Global Financial System in 2008-2009. The dizzying drop invites comparison to the last Bear Market that took the S&P 500 from 1,565 in October 2007 to 667 on March 9, 2009.

But this Bear is beginning in circumstances quite different from 2007-08. Let’s list a few of the differences:

Read more ›

Tagged with: , , , , , ,

Gold Glimmers as Global Market Fear Grips Investors

Today’s Gold Prices: USD 1,154.25, EUR 999.35 and GBP 730.56 per ounce.
Yesterday’s Gold Prices: USD 1,153.50, EUR 1,005.93 and GBP 734.34 per ounce.

Gold in USD - 1 Year

Gold in USD – 1 Year

Yesterday, gold rose initially prior to selling in the futures market saw gold fall $6.30 to $1153.10 in New York and ended down just 0.5%.  Silver slipped 50 cents to $14.78 per ounce.  Gold in euros and sterling fell by slightly more but still outperformed falling stock markets.

Gold performed well considering the stock market bloodbath yesterday. The fact that it is was only marginally lower despite market carnage bodes very well indeed for the coming months.

Frequently, gold is correlated with equities in the very short term and can fall when stock markets suffer sharp one day corrections. However, over the month and the quarter, gold has an inverse correlation with equities.

Gold appears to have once again anticipated the crisis and is acting like a safe haven in recent days – just at the moment when western investors need a safe haven and wealth preservation most.

We appear to be on the verge of new bear market in stocks and as we have been warning for some months now there is a real risk of a 1929 or 1987 style crash.

It is time to take stock and reduce allocations to equities and increasing allocations to cash and gold bullion.

Gold Glimmers as Global Market Fear Grips Investors
Gold last week broke above its 50-day moving average as a fresh round of negative news from around the globe rekindled investors’ interest in the yellow metal as a safe haven.

Read more on GoldCore.com


“Frequently, gold is correlated with equities in the very short term” said GoldCore  – MarketWatch
Gold holds below seven-week high as dollar, equities recover – Reuters
Dow Industrials Tumble Nearly 600 Points Amid Global Market Selloff – The Wall Street Journal
China share plunge smacks world markets; S&P, Nasdaq in correction – Reuters
Chinese Stocks Crash Again to Extend Biggest Plunge Since 1996 -Bloomberg


Gold Glimmers as Global Market Fear Grips Investors – Forbes
Peak Gold Is Looming – Bloomberg
SWOT Analysis: Will Gold’s Oversold Rebound Continue? – GoldSeek.com
AEP: China’s market Leninism turns dangerous for the world – The Telegraph
“Hang On To Your Gold” – Stepek – MoneyWeek

Click on News and Commentary

Download Essential Guide To Storing Gold Offshore