GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, December 3, 2014

Andrew Hoffman -- Swiss Time Bomb Ticking Away

Swiss referendum - Switzerland only nation with capability of saving itself, with powerful forces backing both sides - and likely, a dead heat going in -ARTICLE (today's) ' "Decision of a Lifetime", and last week's "Call to the Swiss" -ARTICLE - "Splintering" - not just in Switzerland, but the entire world - Scotland, Catalonia, Venice - Switzerland - ECB itself, as Germany against QE as Draghi pushes it forward - ECB vs. SNB, per ARTICLE "ECB (and many others) vs. SNB -last week's ECB comment that it is considering buying gold and Dutch repatriation announcement - which seemingly attack the SNB at its great moment of propaganda need (as clearly, the ECB wants the F Euro/Franc peg broken, per the "final currency war." Not to mention, Draghi's uber-dovish comments Friday, in which "whatever it takes" was supplanted by his new catch phrase, "whatever means necessary." -anti-gold propaganda off the charts -ARTICLE "He doth protest too much - the Best of Thomas Jordan" PHYSICAL PM markets on fire, care of this month's blatant pre-Swiss vote attacks - and, as it turns out, Ukraine desperation gold sale as its currency collapses -most negative GOFO rates since 1999, lowest level since then is this morning -record 1H Indian silver imports, 1H Royal Canadian Mint Silver Maple Sales, U.S. Mint Silver Eagles sales YTD, even with sales suspended for 12 days in November, elevated premiums still -massive mining industry capex cuts (see BHP Billiton today), and year-end will be cataclysmic for mining industry in general at current levels -Chinese gold imports likely will meet or exceed 2013's record level as well Massive global money printing -just weeks after Japan announced "Abenomics 2.0," China surprise market with rate cut, and expectations of more to come as Chinese economy collapses -fears that this week's Euro inflation numbers will be too weak (more money printing), and if OPEC engages the world in a price war (Thursday meeting), could accelerate money printing further -U.S. data across the board weak, other than the "lie to end of all lies" - i.e., last week's 10 sigma beat of Philly Fed. John Williams thinks 3Q downward revisions could be large, and 4Q potentially negative -only a matter of time before Fed QE to Infinity widely understood, especially as "strong dollar" killing U.S. multi-national earnings and stocks and bonds at record high valuations

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