Who Will Be the Bagholders This Time Around?

Once global assets roll over for good, it’s important to recall that somebody owns these assets all the way down. These owners are called bagholders, as in “left holding the bag.”

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[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.


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”

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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.

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US Stock Markets Finally Bounce After Biggest Crash Since 2008

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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

DAILY PRICES
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.
(LBMA AM)

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

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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.

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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.

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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

DAILY PRICES
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.
(LBMA AM)

BREAKING NEWS

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

IMPORTANT COMMENTARY

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”…

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“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.

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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:

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