vasotec missed dose where to buy hoodia in south africa baclofen with paypal payment cardura tablets from buy cialas side effects of valtrex 1 gram generic bupropion safe bupropion sr 150 mg tablet san phenergan vs. compazine for nausea cialis viagra canada no prescription zyban rx suppliers of vpxl in us dapoxetine drugs online purchases Purchase lisinopril 20 mg tablets how to use duphalac what is prometrium tablets what is normal level for dilantin lotrisone generic release date cardura drugs com hypertension american lithium corp increasing returns to scale tutor2u is baclofen a narcotic generic names for robaxin without also cheap abilify cheap endep buy online current canadian allies rogaine side effects long term side effects of quinine injection how much does renagel cost nasonex vs flonase vs rhinocort lipitor sales us 2010 neurontin suppliers overseas micardis 40 atenol no prescription fast shipping aceon battery technology uk ltd snovitra super power refills current price dilantin dosing the antipsychotic medication olanzapine zestoretic online meds buy furosemide pills in the australia where can i get diflucan online no prescription kytril comprare fml forte limited india over the counter erectile pills ditropan spain over counter buy clomid overnight protonix generic otc cheap allegra 100 mg cialis kantucky health benefits of acai berry capsules discount celebrex accutane generic vs brand name order cleocin online in usa benicar hct missed dose buy aldactone without rx consultation cheap malegra fxt pills fluoxetine combination what does provera do if you are pregnant bentyl tablets 20mg ephedraxin canada is mail order doxycycline safe order trazodone 25 mg buy lotensin with no rx buy gasex in singapore what is triamterene hctz 75-50 cialis lilly preis antivert usa sale lanoxin from usa pharmacy neurontin dose for back pain erexin-v cheap price allegra no prescription needed pharmacies cefixime lawsuit settlements levitra super active without prescription miami where to buy norvasc online healthy bmi for 5;10 male toradol medication migraine flovent coupons 2013 lamisil-tablets-price-in-pakistan viagra online scams yagara medication side effects endep generic cheap costs cialis soft canada pharmacy buy detrol online overnight buy diovan online in usa beat way to order chloramphenicol amitriptyline medicine online acheter keppra furosemide online ordering elavil legal in england buy terramycin pills in the canada alli coupon online can you buy claravis online does claritin work better than zyrtec buy flagyl er overseas can you only get floxin on prescription zofran zydis 4mg buy beconase aq next day generic clomid vs clomid starlix online pharmacy uk cheap diclofenac india buy prandin with e check discount pharmacy viagra can you buy prometrium over the counter in germany no prescription serophene where can i buy accutane in stores amaryl m forte 1 mg order vermox mebendazole purchase norvasc best price for real biaxin discount protonix pfizer generic drugs differin topical gel side effects bactrim price without insurance atorlip-10 tablets price birth control pills minocycline why has aleve been discontinued purchase lexapro 20mg online long term side effects of revatio prilosec 100mg cheep 24 hour pharmacy near meredith nh atacand non generic valtrex order online canada ordering aspirin here in canada amaryl online pharmacy for sale alligator snapping turtle my lopressor coupons buying lithium shares canadadian rx drug companies what does korean ginseng extract do what does atarax contain side effects buy ponstel new zealand online ventolin hfa in canada buyers of calan canada how to take uroxatral mg cabgolin without a script meloxicam 15mg tab int is lisinopril generic name how does viagra work for women para que se usa el antibiotico cipro do hydrochlorothiazide pills look like 100 milligrams of unisom suppliers of pulmicort in us philippines online pharmacy xenical orlistat india best prices on generic drugs buy amoxicillin in uk purchase diamox sequels precose for sale what is made out of lithium pictures of all percocet pills confido from canada pristiq vs lexapro weight gain purchase cheapest cephalexin prices purchase drug test kits canada diclofenac sodium 50 mg tablets side effects buy benadryl 40 what bacteria does keflex treat precose from usa pharmacy tramadol hydrochloride high buy hoodia 5 trileptal 100mg tablet florida keflex what is dipyridamole used for how do i get viagra online apcalis jelly 7s cheap canadian bactroban no prescription online forum buy generic aristocort where to nootropil buy zoloft online from india tadapox dose cheap levitra 10mg can u get high from trazodone aid bactrim tabletki 400 mg zocor canada prescription nexium coupons free colchicine rxlist online no prescription uk for colchicine buy metformin boots estrogen pills for men rumalaya liniment delivery london billig glycomet online kaufen cost per pill buy zyvox medrol dose pack vs prednisone taper can you buy viagra in costa rica buy exelon in uk can buy arava online viagra professional buy mexico ordering clozaril here in canada amoxil for uti in children ponstel sublingual dosage pariet dose can prednisone help costochondritis buy nymphomax usa seroflo brand order low doctor advair diskus can you buy myambutol over the counter zanaflex user reviews moduretic tablets 150 mg what is nootropil 800 used for acheter des livres en ligne au maroc buy oxytrol in singapore order tadacip 120 mg atarax tablet kac, mg extendaquin uk brand name where to buy trazodone without a prescription pill rx health luvox products buy confido online reviews buy cheap brand viagra using pay pal zyvox tablets purchase on line metoclopramide over the counter usa coversyl blood pressure medication side effects fucidin over counter uk ciprofloxacin side effects fatigue promethazine codeine pharmacy order glucophage online canada schott suprax ???? buying plendil periactin with no perscription where to get doxycycline can i buy tamoxifen in the uk price of ventolin in canada order lariam canada protonix 40 mg uses toradol uk next day delivery colchicine from uk canadian pharmacy online no prescription suppliers of reglan in us where can i get some motrin robaxin cost without insurance what does norvasc walgreens vs walmart pharmacy prices buy drugs without prescriptions what is the drug trental used for brand pyridium for sale altace drugstore.com buy rogaine 2 cheap famciclovir tablets 250 mg how long does it take for provera tablets to work revatio lawsuit settlements generic v-gel us where can i buy pariet online without a prescription azithromycin dosage for ear infection ayurslim canada head office online pharmacy no prescription forum doxycycline shortage fda indian generics online trental eurax cream generic viagra generika online deutschland buy levitra plus 100 buy furosemide in india online amaryl pharmacy prices list buy brand cialis no prescription fast delivery ventolin delivery devices sublingual drugs absorption desyrel lawsuit settlements cheap singulair buy online nizagara canada overnight delivery avalide new zealand mexican pharmacy no prescription malegra fxt sildenafil 100mg tablets blueberry clonidine drug class sustiva tablets price side effects of astelin nasal spray where can i buy viagra online cheap menosan express canada mexico free shipping hyzaar without best generic proventil review avalide lawsuit phexin shortage buy generic meclizine online how to buy norvasc elavil 100 mg side effects cheap pharma whey order abilify 5mg prescription research grade biaxin avapro common side effects how long does it take for cardizem to start working buy brand zyloprim zenegra reviews for men aluminum-lithium for sale what is flexeril compared to buy prandin astrailia imitrex delivery london teva generic orlistat lariam generic reviews med cab carafate order lincocin worldwide pharmacy diflucan where can i get eldepryl generic evecare for sale on line singulair side effects in children 2012 lasix coupon code buy ranitidine 40 purchase nolvadex bodybuilding cheap aciclovir 300mg tablets alli cheap india pharmacy claravis 30 mg side effects lopid next day shipping buy cheap aricept pills noroxin prescription only post cycle therapy desyrel kamagra oral jelly kaufen paypal buy remeron generic online sale of doxycycline biaxin tablet sale cialis samples for professionals periactin without a prescription from canada can i buy zithromax online ampicillin 100 stock solution imuran medication assistance cheap betnovate no prescription methocarbamol high dose buy allopurinol online from canada can you buy zebeta pharmacy jcb buy diakof hong kong drug search mims high off benadryl pills acyclovir sale silvo pharmacy buy pet medicine from canada what color are valtrex pills para que sirve la amantadina clorfenamina y paracetamol phenamax online usa safe place order xenical buy imuran online overnight propranolol drugs online purchases accutane instructions what is singulair made of generic uk paypal mirapex buy clonidine in ireland uk version of cleocin cheap generic malegra dxt most common side effects of alesse doxazosin dosage instructions buy generic drugs india order silagra pill costco pharmacy himplasia price zetia online without rx generic ayurslim cost herpes outbreak while valtrex chloramphenicol prix en pharmacie en france can take cialis viagra together side effects of mirapex generic cialis viagra online pharmacy pharmacy drugstore meds net side effects of flovent in children growth best online pharmacy generic allegra mircette medication side effects can you only get alavert on prescription buy fluoxetine online no prescription united states mircette now buy afl live 2011 in uk can i order betnovate online viagra super active no prrescription how to know if i need viagra blue pill orlistat 60 how much is 20mg of cialis how to order ventolin online best pharmacy to order vermox purchase lamisil online terbinafine generic plendil medication diclofenac potassium australia generic bupropion recall asacol enema effectiveness non persciption voveran yasmin birth control generic names buy zyrtec patch zithromax antibiotic sinus infection ampicillin in the uk now buy levitra professional online usa what is minipress prazosin casodex rxlist phexin lawsuit canada take clomiphene 50 mg no prescription clavamox medication get alesse information lamisil commercial on tv cyklokapron pediatric dose xenical shop online marc mentat wikipedia can you buy clomid over the counter in south africa health net viagra reviews on accutane for acne xeloda buy on line zovirax ointment over the counter cost of estrace tablets buying lexapro in manchester purchasing midamor online uk is allegra generic over the counter purchase lamictal online crestor shoppers drug mart cozaar weight gain side effects colospa reviews advair diskus 500 50 mcg pharmacy mexico cardizem pariet order by phone cheap enapril without perscription buy aldactone spironolactone drugstore low dose accutane for acne pet medications without prescriptions trimox with no perscription tamoxifen reviews and dosage chloroquine for purchase levitra professional low cost without script click here order altace is hoodia legal in uk does boots sell phenergan buy benzac online overnight where to get apcalis sx crestor max dose aspirin allopurinol interactions non persciption requip normal dose of cephalexin for dogs proventil free shipping buy arjuna canada the effect of olanzapine on craving and alcohol consumption where do i doxycycline in india what does atarax how to order cialis jelly online relafen drug viagra prescription online uk pharmacy that sells coreg safe buy prandin online where to buy finpecia ointment what is the medicine phenergan used for 1000 mg dose prednisone prescription phenergan w codeine tegretol online sales adalat cc 30 mg tablet zithromax over counter australia why is alli no longer available hyzaar double dose cialis lilly 20mg test how to import ampicillin cialis information leaflet side effects of coreg cr 20mg tenormin medication blood pressure can you only get zyban on prescription can you get high on fluoxetine 40 mg best place buy medrol pct fluconazole buy online no prescription lipitor recall 2012 lot numbers acheter evista buspar tablets purchase on line proventil tablets 2mg how to by cefixime online vantin from usa pharmacy side effects of atenolol overdose nexium esomeprazole side effects and canada celexa online express shipping diclofenac genericon 100 mg za"pfchen prednisone for humans use cialis viagra impotence treatment robaxisal metocarbamol paracetamol genuine ciplox best price xenical slimming tablets lamictal prices in canada paroxetine on line augmentin plus 1000 dosage prednisolone where can i buy discount code for benicar buy chloramphenicol from india over the counter medicine suhagra +"neurontin" +600mg best price for deltasone cheap lasuna no prescription feldene for sale usa where to buy vermox online mexico splitting bystolic tablets over the counter thailand viagra online tadalafil cheap purchase cheap bacterial zithromax no prescription generic viagra soft cheap dulcolax tablets dosage instructions periactin for cats uk eulexin without prescription canada dapoxetine reviews for men brahmi australia price rumalaya forte shoppers drug mart reglan shop best online pharmacy generic venlor clozaril from india retin-a 0,05 cost in canada what is the dosage for prazosin premarin tablets 1.25mg s g petch middlesbrough furosemide cost how long does zoloft take to work purchase kamagra in australia proscar australia noroxin 100mg oprah acai lawsuit how to order maxaman sarafem italiano xenical no prescription online pharmacy is mail order haridra safe non prescription viramune yasmin cheap india pharmacy epivir-hbv from canada what is the correct order of allied conferences potsdam non prescription menosan pharmacy normal dose of toradol im buying prevacid using paypal buy prilosec online cheap top 10 online micardis sites ordering low dose malegra fxt ordering phenergan on line buy flagyl er 40 vpxl from australia how long for robaxin to take effect voltaren next day shipping cheap tadalis sx buy female viagra in uk effexor venlafaxine weight gain amoxicillin vs doxycycline hyclate mycelex-g reviews benefits of taking liv 52 tablets buy unisom sleepgels diphenhydramine avapro online usa no prescription buy alli tablets 120 amlodipine besylate price walgreens medicine methylprednisolone tablets usp 4 mg flomax lawsuit status the online drugstore roxithromycin cheap genuine himcocid online use of mobic 15mg tablets better than lozol cardizem pharmacy mail order buy 5 mg abilify hyaluronic acid overnight pharmacy betnovate india dapoxetine on line no script olanzapine 20mg tab where to buy lithium online usa buy levlen prescriptions buy diclofenac gel in australia etodolac 400 mg tab teva usa buy minocin pills online american allies in ww1 donde puedo comprar cialis professional order cymbalta from mexico without prescription buy viagra safely on line all natural anti anxiety pills xeloda without rx seroquel side effects weight gain why zocor cheap uk glaucoma medication alphagan purchase isoniazid in us generic viagra canadian astelin weight gain cane order viagra canada us online pharmacy no prescription mevacor ciprofloxacin milk what is considered long term use of prednisone in dogs canadian health australia post lithium ion battery buy hydrochlorothiazide in uk generic calcium carbonate no prescription viagra plus from side effects of effexor xr 150 amitriptyline indications usage nolvadex where can i buy it buy himplasia boots what does the drug allegra dog canadian pharmacy reviews 2012 zyban tablets on line to buy buy cheap calan using pay pal generic clonidine buy canada cheapest diakof tablets uk vermox dosage for kids parlodel bromocriptine medicine can you take pamelor daily atacand generic date can you buy clomid over counter 2 nitroglycerin ointment over the counter over the counter substitute for bentyl clozaril program australia order diovan 40mg can i take 2 unisom tablets baclofen prescription assistance reliable rx pharmacy reviews hcg viagra professional 100 best desyrel prices purple pharmacy los algodones bc how much will keppra cost buy voltaren astrailia cheapest way to buy viagra non prescription glucotrol xl pharmacy ditropan cheap price where does furosemide act in the body can you buy aceon prescription dose of ciproxin for uti isoniazid discounts codes fertomid on line shinedown pre order amaryllis buy moduretic 5 how to by pilex online what is augmentin used for toothache mentax for dogs buy prilosec buy on line ambien drug screen buy zanaflex 100mg online azathioprine and 6-mercaptopurine in ulcerative colitis order coumadin online in usa generic digoxin buy canada order allopurinol can order levitra plus online online pharmacy uk indocin zyrtec rx dosage hyzaar to buy from europe long term effects of accutane use generic suprax paypal watch sony tv serial adalat online no prescription didronel sale canadian torsemide tablet effects of prednisone on blood sugar levels valtrex dose for fever blisters azithromycin dosage for adults pneumonia what is nizoral shampoo how much does generic doxycycline cost long term side effects of diabecon etodolac shipping overseas generic phenergan name buy zumba dvd online australia order generic biaxin purchase endep lowest price revatio uk online amlodipine 5 mg canadian pharmacy sinemet uk online actoplus cheapest rate revatio sale viagra online drug store cymbalta price canada where can i buy colchicine in canada cilas laser particle size analyzer buy allegra with generic canadian side effects amoxicillin 500mg pregnancy cialis vs sales generic viagra vardenafil hcl 20mg yasmin class action lawsuit canada what is dulcolax stool softener where can i buy sinemet what is nitrofurantoin mono-mcr fastest azulfidine uk delivery genuine kamagra tablets norvasc sale hydrochlorothiazide 25 mg oral tab crestor interactions with other drugs lov cost kamagra india pharmacies online that sell differin where can i buy amoxicillin antibiotic peggy bayer 2012 eulexin adverse effects skelaxin generic metaxalone dulcolax for men in usa buy bupropion bulk eldepryl without rx aciclovir ordering online pharmacy worldwide pharmacy singulair levothyroxine synthroid compare advair diskus free generic a doctor order is 0.125 g of ampicillin furosemide online overnight shipping can order zestoretic canada generic from haridra inderal doctors online delivery fedex buy phenergan buy tadalis sx pills uroxatral discounts brand name parlodel online lloyds pharmacy chloramphenicol accutane dosage information acne where to give toradol female cialis dose pain pills online cheap buspar dosage for social anxiety augmentin mail order female viagra without insurance diltiazem back order keflex 100mg/ml alcohol and metformin pcos can you drink alcohol while taking viagra where to buy cheap generic aleve los algodones mexico pharmacy lopressor prescription only low cost acivir pills comprar lotrisone original purchasing torsemide online actos weight gain diabetes alesse medication water pills joint pain albenza online australia buy generic viagra super active with bonus buy dutas in ireland cheap accutane pills prescription order etodolac from canada without prescription can you buy midamor over the counter in germany cheap meds from canada where venlor vermox discount pharmacy infestations suprax 200 mg a'r generic alavert d-12 artane coupons generic crestor 5mg maxalt uk buy metoclopramide shortage online drugstore usa buy vasodilan boots pharmacy combivent pharmacies in liquid carafate review trazodone shortage uk clomid clomiphene citrate buy generic form of reglan legal buy etodolac online canada excuses to get pain pills buy female cialis 50 floxin how to buy donde comprar fincar alli medication side effects xenical shopping list valaciclovir discount overnight canadian online pharmacy for actoplus met motilium 10mg generico vitamin shoppe coupon 20 off 2012 what date is plavix going generic cheap generic keflex what is lasix tablet best place to buy prescription meds online diovan us companies only singulair 10 mg 100 stu"ck preis acai berry lawsuit buy proventil new zealand online mobic meloxicam metformin drug class buy protonix usa diclofenac for dogs buy where to buy dulcolax balance orlistat 100 mg bula cheap sominex sale uk online pharmacy reviews forum allegra mostyn-owen wikipedia what does zocor 40 mg look like periactin no prescription reviews buy advair diskus discount without a script doctor altace online donde puedo comprar cialis sin receta pharmacy mexico suhagra cheap benemid uk western drug ethionamide how to use viagra spray video buy zanaflex no prescription buy dutas online generic plavix release date 2012 seroflo buy on line purchase accutane 40 mg online brafix non perscription countries cheapest tetracycline without prescription american pharmacy como comprar malegra fxt finasteride 5mg vs propecia 1mg canadian pharmacies selling cialis hytrin reviews and dosage anxiety medication amitriptyline lisinopril online with out prescription where can i order requip where can i purchase celebrex can you order betnovate safe to buy generic paroxetine from canada prilosec otc shelf life generic for lithium carbonate order rocaltrol cheap wellbutrin generic wikipedia drugs cialis daily use vs viagra purchase alli pills over the counter allopurinol without list risk ordering viagra online pill phenergan uk buy hydrochlorothiazide drugstore.com online prescription drugs no prescription canada london drugs online shopping canada side effects of premarin cream on men order zyrtec samples antabuse uk online order exelon pills buying phexin from canada no prescription capoten sublingual vademecum chloroquine suppositories buy order clomid without rx genuine aspirin 100mg entocort express canada non drowsy claritin side effects buy xenical fast shipping valacyclovir hcl 1 gm tab how to buy prescription drugs online from mexico online generic reglan amsa fast precio en chile brand estrace buy mail-order zyprexa renagel 800 mg used for forum view topic buy cheap periactin online prednisone dosage for dogs with lymphoma liposafe cost comparison can i get viagra on prescription dosage for suprax mobic next day shipping apcalis sx 40 mg pharmacy what is zovirax ointment 5 can you buy over the counter drugs for chlamydia prednisolone vs prednisone for cats advair diskus generic 100 50 mcg online viagra pharmacy reviews approved cheap indocin pills zyban mail order india diclofenac potassium 12.5 accutane settlement update genuine prazosin best price timber mills artane for sale suhagra 10 mg order fucidin cheap how much does aspirin cost at the hospital cheapest paroxetine in the uk over counter sinemet buy hyaluronic acid powder nexium lowest price bystolic 40 mg dose half price precose lithium how to buy where to buy clomid online safely aspen trazodone capsules biaxin 20mg tab what is the generic brand for claritin lisinopril low dose birth control brand levitra online usa best place buy methotrexate pct onde comprar fluoxetina pela internet compare cozaar losartan diamox prescription drug information buy lotrisone cheap xenical prices ireland sildenafil jelly manufacturer in india free coupon for mobic is celexa a prescription drug buy diovan astrailia tinidazole tablets 150 mg sildenafil citrate brand names india what is augmentin duo used for where to buy diakof ointment canadian pharmacy for blue pills how to by viagra plus online walmart crestor price buy biaxin lowest price diprosone pommade au creme renagel pills buy online what is cephalexin used for in adults current price lexapro what are the most common side effects of accutane best antifungal medication for ringworm finast shoppers drug mart precio cialis mexico buy luvox pills in the india comprar vermox online without a script fedex compazine online what is allopurinol side effects prednisone 20 mg get you high cialis jelly medication online how to take prednisone 5mg tablets retin-a 0,05 billig kaufen order neurontin on line uk insulin passport ordering cheap abilify pills generic betapace af clomid ovulation test strips help buying abilify estrace overnight shipping cheap can you get lariam lisinopril consumer reviews effective hoodia dose buy glucophage online reviews ivermectin pour on for pigs yagara shortage 2012 eulexin without a prescription viagra jelly for sale uk mobic direct pharmacy levlen where to get hyzaar buy online canada elocon pas cher how long does it take for neurontin to take effect buy alli diet pills canada approved purchasing tadapox online uk buying gasex from canada no prescription trazodone online bestellen comprare vermox cheap indocin free delivery pfizer viagra ireland discount robaxin mg kamagra sale cheap viagra in the what germany proposed an alliance with mexico which uk site to buy blopress tofranil tablets for sale where to buy metronidazole cream cheap mobicosa meds viagra for men cost in india online sale of kamagra gold metoclopramide 10mg tablets breastfeeding what is eulexin pills used for amantadine coma generic tenormin usa pharmacy best place to buy remeron online betnovate wikipedia order atorlip 10 cheap buy alli online india weight loss can i order chloroquine no prescription in the usa cheap genuine altace online bactrim generic drug pednisone dogs australia buy over the counter xeloda online american trimox use abana coupon online how much does xalatan cost without insurance canada pharmacy augmentin diclofenac sodium ta 50 mg side effects micardis pharmacy purchasing promethazine online uk buy evecare 100 cheap probalan no prescription vermox plus precio mexico beconase aq on line no script where cozaar losartan potassium angiotensin ii buy cymbalta cheapest buy toradol online with out prescription buy viagra legally caverta 25 mg tab viagra plus now buy fincar online usa alli buy online cheap levitra online lisinopril (prinivil zestril) buy viagra online united states viagra usa today lexapro mg uk exelon sprint discount cardura usa sale is albenza legal in uk low cost overnight colchicine how to order atorlip-10 cephalexin capsules 250 mg remeron lowest price online altace medicine children protonix medication where to buy what is the brand name for tamoxifen diovan pills dose cheapest antabuse tablets uk cystone usa cvs prices is my alli available in canada minocin mg price is robaxin legal in uk what is tofranil for online pharmacy overnight buy albendazole no prescription fast delivery imuran 50 mg tabletas buy celebrex online from canada the online drugstore vpxl maxalt side effects blood pressure acticin walgreens biaxin for sale philippines switching from synthroid to armour thyroid cialis jelly order by phone generic isoptin for sale on line zanaflex costco unprescribed clomid for twins augmentin duo syrup for kids can you eat grapefruit with pravachol online pharmacy no prescription needed carafate finpecia overnight delivery half price vasodilan viagra swiss buy lorazepam no prescription online cheap naprosyn usa buy subutex online problems with generic lipitor requip precio mexico what is brand viagra drugs ordering low dose rumalaya forte ordering viagra professional discount pharmacy cheap lotensin no prescription xenical on line best minocycline prices what is a good generic substitute for crestor first cycle clomid no ovulation where to buy prednisolone 5mg generic iv premarin dose endep daily use reviews prometrium comprare cefadroxil delivery london welcome come dine with me desi tashan legal buy cialis online canada generic flovent hfa 110 mcg what is the medication hydrea used for doxycycline hyclate 100mg treatments online viagra scams canadian cialis levitra viagra comparison amoxil echeck motrin discounts codes nitrofurantoin spain buy cleocin gel in uk viagra and high blood pressure pills generic from ephedraxin lipitor ordering online pharmacy any long term side effects with viagra wellbutrin sr mg usa abana legal us desyrel 100 mg yan etkiler order lisinopril online uk is it illegal to order generic zyvox what are the side effects of prednisone in children diclofenac costo medroxyprogesterone generic for provera cordarone medication class iii crestor on line cuvarlix elavil medicine anxiety prednisone 20 mg abuse avodart side effects forum tadalis sx overnight pharmacy combivent online price azulfidine buy online ireland toprol xl 100mg price how many days to take cefixime is anacin available over the counter no prescription plendil sale best pharmacy to order ciplox buy lamisil fast shipping indocin pill canadian legal to buy diflucan what is shallaki tablets best cheap mascara for dramatic lashes humalog vs novolog insulin pump overnight pharmacy avapro drugs similar to zyprexa london drugs 33 buy antidepressants online allopurinol delivery uk buy viagra sublingual astrailia kamagra generic cheap costs natural anxiety medication australia cheap pantoprazole lamisil usa price what is the dose of levaquin for a uti prograf in italia where to buy live chickens in birmingham trileptal canada prescription vasotec india indian viagras casodex costco lotensin for sale usa dilantin side effects liver buy over the counter sinemet online paroxetine without a prescription from india canadian pharmacy no prescription botox how much will lanoxin cost toradol drug shortage valtrex now co uk where can i get viagra from in the uk where can i buy cefixime tablets where can i buy xalatan eye drops cheap cytoxan sale uk where purchase artane bactrim ds tab 100 get bentyl las vegas viagra plus 100mg cheap jr strength acetaminophen 160 mg dosage skelaxin dosage administration buy augmentin greece generic pamelor side effects carafate side effects long term use health canada tulasi viagra australia canadian medicines now blopress now co uk methotrexate medicines.ie sale xeloda cialis sublingual roche precio argentina cozaar discount price side effects of rocaltrol medication hydroxyzine tablets tofranil for social anxiety where can i buy cheap viagra comprar brand viagra portugal mobic cost australia levitra professional discount code doxycycline hyclate 20mg tablets pyridium online meds where to buy amoxil without a prescription amaryl tablets us online calcium carbonate online in usa risperdal for men sale in uk buy baclofen boots pharmacy lotrisone cream online buy cheap what is the correct dosage of levitra non persciption xenical cialis tadalafil tablets anafranil without a script what is ginseng drugs ampicillin on line in the mexico where to buy celebrex drugs online generic uk paypal liposafe where to buy tetricycline online usa voltaren cream muscle pain buy kamagra chewable without rx voveran 50 tablets used alesse 21 missed pill celexa best price procardia discontinued viagra pricing online where to buy prednisolone in uk lotensin dosage 40 mg mifepristone misoprostol buyers purchase propecia prescription online what does atrovent what is azithromycin tablets 250 mg used for purchase generic zocor how to by cytotec online aldactone comments buy coumadin with e check reviews on cleocin kamagra sildenafil citrate wirkung buy seroflo pills international order propecia online pharmacy europe valium buy clomid online india overnight zoloft prescription cipro villaggio italiano is nexium better than pariet augmentin 400 mg 100 ml how often to take motrin ib can order relafen canada does viagra work psychological erectile dysfunction metformin prescription med cab yasmin what conditions does zithromax treat alphagan non perscription countries viagra super active price flomax generic no prescription canada best drugstore makeup remover 2011 voveran tablets 150 mg order erection packs 3 no rx canadian pharmacy tofranil 100mg buy tricor hong kong address actoplus met uk buy getting glucotrol xl in australia does paxil cr cause weight gain cheap vantin no prescription what are the side effects of mobic liv 52 mail order capoten side effects long term use compare prices finax buy viagra plus for daily use unique hoodia discount codes jessica;s pharmacy progreso mexico alternative medication to orlistat how to take clomiphene citrate phentermine 375 diakof prices at costco aciclovir tablets alcohol where to get dostinex pct what is atrovent pills used for dilantin now acyclovir no prescription online how to import flomax order lozol pill zyrtec canada prescription lamisil online mexico cheap actos uk buy online canadian silagra tablets uses acticin online methotrexate side effects rheumatoid arthritis what is alphagan p atrovent visa online pharmacy reviews no prescription para que se usa el cordarone do you need rx indinavir where to buy non prescription colored contact lenses can we trust aristocort online current price chloramphenicol biggest online pharmacy europe clozaril where can i buy rogaine 5 to buy from europe buy amaryl with paypal valtrex side effects hair loss levitra bayer 10mg prix buy neurontin online overnight ou acheter finpecia side effects of sildenafil tablets cialis dapoxetine how to get allopurinol trazodone buy australia lipothin overnight shipping cheap buy ginseng 40 med express pharmacy prestonsburg ky buy avalide 20 pomegranate juice benefits for men atorlip-20 no prescription compare prices generic brafix buy canada max menzies facebook pletal from india what is erythromycin gastro resistant tablets can i get pregnant while taking keppra resources for topamax terramycin low dose birth control side effects lasix fluid pills donezepil no prescription levlen generic name best site to buy avalide where to get renagel pct buying hyzaar what does diclofenac make you feel like obagi tretinoin cream 1 reviews betneval 0.1 best pharmacy online no prescription best price for real fosamax what is kamagra 100mg oral jelly sildenafil pharmacy 365 stockton comprar lexapro original en madrid albuterol ventolin hfa how to use kamagra oral jelly olanzapine withdrawal nausea clavamox dosage for dogs uti how often to take arimidex on cycle super cheap meds online floxin otic drops dosage amitriptyline online no prescription needed stromectol online store allegra versace weight best place buy arimidex pct acheter clomid sans prescription messi stats espn mentax shop net buy amitriptyline paypal quiero comprar clozaril generic procardia side effects rosuvastatin non perscription countries purchase cialis super active cheap i want to pay some arimidex rythmol no prescription needed buy clonidine boots order prometrium pill best medication for anxiety all the time generic fosamax dosage cheapest place to buy bupron sr doxycycline indian can you buy fucidin over the counter order kamagra 100mg chewable cheap tenormin 50mg buy eldepryl patch where to buy proventil online usa generic zyrtec reviews can you buy hydrochlorothiazide prescription perscription buy dapoxetine without rx buy maxalt boots pharmacy where to buy raloxifene without a percription glycomet uk next day delivery no prescription cheap bactrim trimethoprim kamagra gold paypal synthroid thyroid medication doctor floxin drug classification what is metformin generic for lamictal pills pictures calan without prescription canada lasuna coupons sildenafil for sale uk what is generic viagra zithromax z-pak wikipedia generic equivalent for aleve quibron-t pills sweat order atorlip-5 no rx canadian pharmacy cardura e10+structure generic prozac no rx order viagra uk pharmacy kytril without prescription tesco pharmacy bridgend extra zanaflex tablets food buy aleve cold and sinus flomax dosages available where to buy alli weight what is the medicine pyridium used for seroquel prescription assistance discount canadian pharmacy cabgolin purchase nitroglycerin online canadian pharmacy 24 hour online can buy over counter clonidine online nymphomax where to purchase current price of viagra in india order allegra online no prescription neurontin side effects buy generic bupron sr list of tesco stores selling levitra plus generic hyaluronic acid switzerland buy generic cialis mastercard comprar hoodia pela internet order tadacip on line mexico where revia can u buy meclizine over counter bystolic lawsuit settlements ralista online in usa buy actavis promethazine codeine syrup online buy keppra in usa can you take diakof daily best glucotrol xl prices does zanaflex work better than flexeril kegunaan salep nizoral purchase zoloft canada brand levitra coupon code how to buy chloroquine in london buy cialis sublingual paypal generic name cipro xr prescription drug flagyl buy suhagra patch lowest priced colospa nike air max 1 leopard grey cheap alphagan cheap uk purchase tinidazole cheap generic order tretinoin 0 05 lowest price i pill precose website buy phenergan online uk prednisolone drugstore voltaren over the counter australia metformin 500 mg tabs glucophage generic reviews low propecia dose kamagra oral jelly pills sweat aciclovir next day shipping is allegra 180 over the counter prescription buy prescription medicine online top 10 online keflex sites buy plavix online overnight list of tesco stores selling famvir cheapest price generic cialis zovirax cold sore cream on genital herpes entocort over counter uk buy viagra south africa where can i buy toprol without a prescription omnicef tablets uk over the counter digoxin ashwagandha usage yasmin lawsuit canada where can i get some torsemide generic skelaxin usa pharmacy overnight delivery of viagra in the usa buy viagra super active next day buy erythromycin without a subscription where to buy cheap generic viagra jelly overnight pharmacy tinidazole buy prescription how to buy compazine atorlip 20 tablets indian pharmacy uroxatral carafate drug store online buy isoptin online no prescription united states brand advair diskus to buy from europe macquarie discount pharmacy canberra opening hours ditropan dose for hyperhidrosis can you get bupropion over the counter generic version cytotec aldactone to buy from europe what works better than cialis betnovate shelf life viagra malaysia pharmacy nitroglycerin medicine children purchase nolvadex pct canada astelin canadian pharmacy plendil viagra soft next day delivery purchase lexapro in us lincocin injection 600 mg post cycle therapy vasotec nexium on line purchase lithium new zealand genuine altace online cafergot without a script prandin prix en pharmacie en france evista sale order lexapro 10 mg online how to take diflucan 100 mg does promethazine pills have codeine in it trazodone online cheap levitra professional delivery get benicar cheap adalat india movies kamagra soft drugstore.com what is the cost of cialis daily over the counter instant erection pill revatio with no perscription will public aid cover lamisil what is actos tablets can you buy keflex over the counter wellbutrin vs generic bupropion weight loss lithium 6 deuteride for sale aleve direct pharmacy comprar diltiazem original en madrid buy fucidin 200 buy generic propecia canada tenormin to buy in the uk without a prescription top rated canadian online pharmacy cipla fincar 5mg buy anafranil mg online cuantas pastillas de cytotec necesito para abortar buying levitra super active from canada no prescription adverse side effects of prednisone in dogs orlistat drugs online purchases non generic acticin worldwide pharmacy lamictal where to buy bactroban nasal where can i buy promethazine with codeine syrup purinethol cost in canada houses to buy liverpool without border acticin online side effects propecia long term furosemide drug schedule acquisto fincar sicuro online pfizer viagra cheap vardenafil no prescription lopid looking for cheap diclofenac suppository prescription how to take erythromycin mg comprar retino-a cream 0,025 en argentina ethionamide uk buy flonase generic dosage azithromycin dose for gonorrhea and chlamydia what is avalide drugs keppra barato buy himplasia pills online what is apo propranolol 10 mg types of bonds from weakest to strongest what is brand levitra drugs asacol order in the us cardizem sr capsules how to purchase vasotec online www. canadian-pharmacy-24h.com india glucophage price jogos friv 1000 acai berry living xs supplier buy acai no prescription generic buy viagra plus cialis how to get depakote on line permethrin cats symptoms allegra precio mexico alavert discount voucher can you buy urispas apcalis oral jelly sachet buy ayurvedic medicines online india viagra reliable generic supply where to buy cialis jelly ointment purinethol over the counter generic prilosec costco what is the generic name for carafate best pharmacy to order celebrex how to order lariam generic date for viagra buy ditropan have no prescription order eurax medication by mail how to by maxalt online best place to buy elocon in usa xenical otc version coversyl plus blood pressure medication indapamide buy benzac boots carbozyne prescription only can i take other medicine with synthroid craigslist killer trailer himplasia results forum propranolol with or without food what is alesse generic for lynoral drugstore.com depo provera missed dose buy aldactone with e check buy generic pyridium with bonus is saw palmetto available over the counter simvastatin dose change buy alliums ordering viagra online from canada viagra from mexico pharmacy citalopram hydrobromide 20 mg tablets side effects of dulcolax overdose pastillas para mejorar la ereccion masculina rumalaya gel maximum dosage emsam side effects anxiety brand advair diskus 100mg tablet diclofenac pharmacies in pharmacy one abdoun side effects of taking aleve every day serevent usa how to use celebrex long term pharmaceutical press jobs generic for depo provera generic vermox safe peripheral neuropathy from levaquin diflucan price germany want to buy alligator gar online pharmacy viagra for sale in boots pharmacy ayurvedic medicines online store india aldactone tablets price will cymbalta cause weight gain fml forte online cheap promethazine codeine syrup wiki order neurontin online uk online pharmacy no prescription needed risperdal arjuna prescription only penciclovir acyclovir and famciclovir over the counter can you split actos pills brand viagra mg mexico origin acai 1000 mg reviews promethazine hydrochloride side effects crestor express canada vytorin medication side effects brand viagra via fedex zithromax dosage que es y para que sirve la sertralina lisinopril 2.5 mg price lamictal canada overnight delivery aciclovir 40mg no prescription feldene sale buy tenormin pills online generic canada advair diskus online buy cialis soft capsules prevacid peak sales drug brand names whose generic name is aspirin diclofenaco de potassio indicac,a~o canadian meds online no prescription buy minipress online with mastercard brand viagra uk buy pharmacy express green oregon side effect of furosemide in dogs leukeran canada prescription imuran usa ordering zyloprim here in canada difference between zantac and prevacid for infants buying tegretol stromectol from china metformin generic cheap costs aaa discount prescriptions betnovate online coupon code atrovent shipping overseas c# store generic lopid for sale philippines cheapest artane tablets uk feiertage bayer 2012 no prescription cordarone sale elocon cream 0.1 uses what kind of medicine is tegretol vpxl overnight shipping cheap buy genuine zestoretic uk cipla silagra reviews where to buy nexium cheap periactin free delivery stats sa gdp antibiotics for flu like symptoms buy skelaxin singapore buy altace 200 does benicar come in generic form can you really buy painkillers online pharmacy in canada toronto can i make decadron phone in order for diovan prilosec otc price cvs ordering accutane customer reviews for canadian-super-store.com online pharmacy tretinoin gel without prescription chelsea drugstore st john hours how to get zovirax drug order erythromycin without prescription what is mylan minocycline used for non prescription plavix pharmacy advair printable coupon 100/50 bactroban nasal reviews elocon online usa cheapest place to buy zyrtec top male enhancement drugs buy speman himalaya original etodolac online prednisolone tablets 5mg asthma exelon auto sales does zyrtec d make you gain weight non generic clomid generic buspar pictures blopress online pay paypal can you get pregnant on paxil advair diskus buy no prescription nitroglycerin tablets online mail-order diovan zoloft dosage forms caverta without a script cheap adalat cost of risperdal m-tab benicar blood pressure pills is it legal to buy canadian prescription drugs alphagan online pay paypal myambutol pill shortage how many milligrams of aspirin is safe to take daily cefixime by mail xalatan dosering ordering low dose mircette canada codeine promethazine safe to buy generic brand viagra from canada tretinoin 0,05 order estrace cost comparison entocort ec buy finpecia tablets amaryl no prescription overnight delivery where to buy chlamydia antibiotics can you get levlen over the counter zyprexa from canada synthroid levothyroxine weight gain buy cialis sublingual online reviews low price suhagra uk generic cialis professional 20 mg value pharmaceuticals scam buy lariam boots pharmacy finasteride 1 mg every other day minocycline order by phone augmentin shortage 2012 acheter livre scolaire pas cher glucophage xr prescribing information strattera drugstore.com spironolactone no prescription for sale buy styplon online no prescription usa where to buy orlistat with visa para que serve sertralina 25mg do i need a prescription for zebeta order online canadian pharmacy generic viagra colospa legal in england fluoxetine reviews and dosage olanzapine 5mg proscar 5 mg uses best place to buy medrol in uk can you order zaditor eye drops ophthalmic lithium batteries in canada buy gineric viagra on line with echeck cafergot sublingual dosage tamoxifen prices cvs can you get orlistat methocarbamol dosage 750 mg craigslist new york city summer sublet where can i buy cialis in australia tramadol nights 4od cialis 10 mg cost side effects of cialis medication lopressor now can you get high off of ranitidine 150 mg depression anxiety medication and pregnancy generic zerit cost where buy vasonec sominex echeck 10 drugstore.com where to buy duphalac in canada safely pronovias benicarlo for sale canadian pharmacy pain pills quiero comprar revatio pulmicort prescription coupon viagra gold how to use combivent udv vantin pills zovirax fast canada phone in order for avodart flonase online pharmacy can amoxicillin treat chlamydia and gonorrhea ask prilosec dosage for children forzest cost bactrim ds rx himalaya mentat price in india elimite cost without insurance pharmacy one amman jordan buy altace in uk januvia generic usa what does allegra d do for your body how to import imitrex relafen 750 drug class valtrex australia cost buy online caverta generic is cialis safe for men with high blood pressure buy zantac tablets discount micardis coupons yasmin 21 pills side effects purchasing caverta online purchase carafate online ponstel shoppers drug mart acquisto cialis sicuro online buy 100mg tramadol no prescription cheapest rumalaya liniment what is famvir allopurinol dose tumor lysis syndrome how many times to take allopurinol cialis 20 mg price comparison generic nizoral usa pharmacy fertomid non perscription countries hydrochlorothiazide online pharmacy uk lotrisone uses medication buy cyproheptadine 4 mg biaxin max dose betnovate pas cher italie buy colchicine tablets australia indian generics online levitra atacand tablets for purchase probalan maximum dosage pyridium for uti over the counter prograf generic wikipedia drugs best online pharmacy to buy tadalafil kamagra pills drugstore buy abilify online no prescription needed buspar ordering online pharmacy seroquel doses for anxiety buy mircette 40 best site to buy xalatan where do i colchicine in usa best price premarin amoxil generic brand bipolar medication-lithium carbonate sominex promethazine reviews finast pills sweat where is prilosec metabolized cost of alli weight loss eurax generic wikipedia drugs how to use lithium orotate buying cephalexin for dogs cheap diflucan over the counter how often does metoclopramide need to be taken how to use astelin spray buy bentyl online india purchasing revia online uk non generic xeloda dilantin prescription assistance health express pharmacy tallaght adhd medications zyban what is the correct dosage of flovent pfizer coupon buy zyvox cheap lasix 12.5 mg medication guide for coumadin tablets and coumadin for injection bupropion 100mg sr tab buy bupron sr paypal accepted nolvadex online coupon code online relafen purchase
Saturday, January 31, 2015
   
Text Size

Search our Site or Google

Bullion Bulls Canada Blog

Bullion Bulls Canada Blog

Profit and Protect from The Great Race

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

"’I would like to see the truth come out of these confirmation hearings to discuss how completely clueless Janet Yellen was during the housing bubble,’ Schiff suggests by way of warming to the topic. Not only did Yellen fail to see the crash coming, but she was dismissive of the dangers related to our over-leveraged housing economy even as Schiff himself was doing his best to alert the public. ‘She was wrong about everything in the past and I think she will continue to be wrong once she's chairwoman.’

“Schiff says it is Yellen's faith in the fed's ability to cure what ails the economy that will prove to be America's undoing. Having learned nothing from the crisis Yellen will continue to print money until the long-anticipated currency crisis arrives and ‘brings an end to the madness,’ he argues.

“In a sense, the best case scenario is one involving a total meltdown as Schiff sees it. For six years the Fed has enabled an almost total lack of fiscal discipline. Easy money has forestalled a total collapse without ever allowing any corrective economic action. The economy has been in a medically induced coma since 2009. If Yellen is truly as inept as Schiff believes, maybe it's not too much to hope that hyper-easing will be disastrous enough to get America to snap out of it….”

“‘Clueless’ Yellen Will Trigger Collapse (Hopefully): Peter Schiff,” Jeff Mackle, Breakout, finance.yahoo.com

Major Nations around the World are competing in The Great Race.

In the course of this Great Race there will be Great Risks and also Great Opportunities for Profit and Wealth Protection, Opportunities of which we have been, and intend to continue, keeping readers apprised.

We know that The Great Race will continue for a while longer.

We also know that the Race will end Very Badly for Most National Economies and for their Unprepared Citizens, including Unprepared Investors and Traders.

Consider this recent report on the Status of The Great Race

“The European Central Bank cut its key rate last week in a decision some investors say was intended in part to curb the euro after it soared to the strongest level since 2011. The same day, Czech policy makers said they were intervening in the currency market for the first time in 11 years to weaken the koruna. New Zealand said it may delay rate increases to temper its dollar, and Australia warned the Aussie is ‘uncomfortably high….’  

"The moves threaten to spark a new round in what Brazil Finance Minister Guido Mantega in 2010 called a ‘currency war,’ barely two months after the Group of 20 nations pledged to ‘refrain from competitive devaluation’."

“Race to Bottom Resumes as Central Bankers Ease Anew: Currencies” Bloomberg News, 11/11/13

The Action in the U.S. Dollar/Euro just last week ($US up, Euro down) provides a Sterling example of how The Race is playing out.

The Race is The Race of Major National (and Regional) Banks which print Fiat Currencies to competitively Devalue those currencies.

Major Nations are competitively devaluing their currencies, in an effort to support, above all, their Commercial Bank clients/owners, and secondarily to help their economies, their exporters and apparently (given the results of several years of QE) last, their unemployed..

These Devaluations have not broken into open Currency (or Hot Military) Wars, yet. But they may when the Negative Consequences of Devaluation, e.g., Price Hyperinflation, become more apparent, and felt. Competitive Currency Devaluation is a Zero Sum Game.

In sum, these Currency Devaluation “Wars” will continue until they must stop (because, inter alia, they generate Hyperinflation of the Prices of Essential Tangible Assets). That is because most Major Economies are burdened with Unpayable Debt and Sluggish or Contracting Economies and Currency Devaluation is one way to reduce the Burden, but only temporarily.

In order to Profit and Protect, consider two Tangible Assets whose Price is determined in part by Currency Devaluation – the Monetary Metals, Gold and Silver.

Trader Dan’s recent analysis is excellent

“This week and last week, the US Dollar has been higher. Guess what happened to gold over those same two weeks? Yep - it went lower.

“The two weeks previous to those the US Dollar was weaker. Guess what gold did back then? Yes - it went higher.

“It is all coming back to the US Dollar once again. Simply put, rising interest rates in the “US tend to favor additional strength in the US Dollar as traders fear that apparent stronger economic readings will bring the Fed back in on the TAPER SIDE of the QE equation.

“When you toss in the fact that Euroland just got hit with a surprise rate reduction yesterday, is it any wonder why traders are favoring the US Dollar right now? It is also helping the greenback immensely that foreign investment appetite for US equities which continue their one-way trek higher is boosting demand for the US currency as well.

“All of this adds up to some very difficult headwinds for gold to overcome.”

“US Dollar Strength Derailing Gold,” Traderdannorcini.blogspot.com, 11/8/2013

But what is not mentioned is that Cartel (Note 2) Price Suppression has been the Main Force keeping the Prices of the Tangible Asset “Canaries” in the Monetary “Mine,” Gold and Silver, suppressed thus far!

We hasten to say that $US Strength (vis à vis Gold, Silver and Stronger Real Asset Based Currencies) will not last for much longer. Indeed, long-term the $US is likely doomed as the World’s Reserve Currency.

Thus, one Great Opportunity for Profit and Protection is to play the “Hyperinflation is Coming” Card. Consequently, Deepcaster intends to continue to keep readers apprised of probable timing. By the way, it is quite important to note that Official Figures regarding Inflation are Bogus in the U.S., China and other Key Major Nations. For example, The Real Numbers show the U.S. is Threshold Hyperinflationary already with CPI at 8.80% (Note 1).

However, notwithstanding ongoing Cartel Precious Metals Price Suppression attempts, which have been successful so far, the probability of that Great Precious Metal Launch up beginning soon (see our timing forecasts) and being sustained, increases as time passes . And the Miners stocks should explode upward as well.

Recent Positive Price Action in the HUI is encouraging – as Bullish Mining Share Prices often lead Bullish Bullion Moves. Indeed, recently, the HUI generated two Reversal Days in a row recently, and is technically set to launch higher soon but that launch has thus far not occurred. Only Cartel Price suppression can keep Mining stocks down, and that is not likely to last much longer. Unfortunately, it is entirely possible that the Prelude to the Great Launch up will be one more Brief but Major Takedown.

Remember that it is in The Cartel’s interest to demoralize Precious Metal Partisans with repeated Takedowns, and that they may well succeed with Takedowns for a little while longer.

On the Positive Side, Physical Demand will likely soon force even Paper Gold and Silver Prices higher. In the past 6 months Physical Gold eligible for COMEX delivery (so called “Registered”) has been shrinking fast… to 660,000 ounces.

Consider,

The Demand for Bullion in China and India is huge.

If a mere 2% of “longs” hold their positions and ask for delivery, COMEX inventory will be exhausted.

If/when that occurs, there will be a massive spike up in prices.

Hold your Gold and Silver Bullion and Mining Shares for future Protection and Profit.

Another Consequence of The Great Race toward Currency Devaluation has been the “ongoing” Equities Rally fueled by The private, for-profit Fed’s QE. The QE is aimed mainly at helping their shareholders/owners, the Mega-Banks. W hen we take a comparative look at Equities Charts (e.g. the Dow) over time they reflect our earlier, and continuing, forecasts.

A long term Equities Chart (e.g., The Dow) with its Expanding “Jaws of Death” Wedge is quite Bearish, a harbinger of The Great Crash to come. Indeed, according to The Buffet Rule one should not invest in Equities Now.

We paraphrase that Rule

– Investors should be buyers of stocks when the aggregate market cap of the largest 5,000 companies in the US, as measured by Wilshire 5,000, falls in the range of 70% to 80% of US GNP. Today, that ratio stands at 109%. (Since 2009, the Wilshire 5,000 has risen 68%. But US Economy has grown just 17%.)

Consider other signs of the coming Great Equities Crash

–The Shiller P/E of the S&P 500 (the index divided by the 10-year average of inflation-adjusted earnings) is now above 25 – a level that prior to the late-1990s dot-com bubble was seen only in the three weeks prior to the 1929 stock market crash.

–The Price-revenue ratio of the S&P 500 is double its pre-1990s bubble average.

–Over the past 40 years there have only been two other times when the DJIA has risen as fast and as far as it has off its 2009 low. The first was in the run-up to the 1987 crash. The second was in the late 1990s, during the dot-com frenzy.

But monthly and Weekly Dow Charts are Bullish…and this is consistent with our earlier forecast for an Equities Rally (now occurring) prior to the Great Crash. Therefore, re Crash Launch Timing, see our forecasts.

Stay tuned as the Jaws of Death come ever closer to closing.

Best regards,

Deepcaster November 15, 2013

Note 1: Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported October 30, 2013
1.18%     /    8.80%

U.S. Unemployment reported November 8, 2013
7.3%     /     23.5%

U.S. GDP Annual Growth/Decline reported November 7, 2013
1.65%        /     -1.70%

U.S. M3 reported October 24, 2013 (Month of September, Y.O.Y.)
No Official Report     /     4.12% (i.e, total M3 Now at $15.392 Trillion!)

Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


A Critical Key to EndGame Investing

Posted by: Deepcaster

Tagged in: myblog

Deepcaster


“FRANKFURT, Nov 7 (Reuters) - The European Central Bank cut interest rates to a record low on Thursday and said it could take them lower still to prevent the euro zone's recovery from stalling as inflation tumbles.

“The move took financial markets by surprise - the euro fell sharply in response while European shares rose.

“Underlining its support for the euro zone economy, the ECB also said it would prime banks with as much liquidity as required until mid-2015….

“European bank shares climbed….”

“UPDATE 6-ECB cuts rates to new low, ready to do more if needed,” Eva Taylor, reuters.com, 11/7/2013

The ECB’s recent rate-cut action (and especially its effects on the Markets) is but yet another Manifestation of the Most Powerful Ongoing Trend increasingly determining Major Markets Performance.

Understanding this Trend and its likely Denouement are Critical to successful Investing and Trading going forward, and Critical to understanding The EndGame of The Most Powerful Force driving The Markets now and going forward.

This increasingly powerful Force in the Markets and the Economy has become manifest in recent years – one even more powerful than The Force in the Star Wars movie series was purported to be.

Whether one like this Force or not, Investors and Traders ignore this Force at their Peril.

The Force is the Reality and Prospect of Fed and other Major Central Bank ongoing and increasing Intervention in Major Markets.

Consider the following accurate analysis from Bloomberg News.

“Treasury 10-year-note yields rose to the highest levels in three weeks after a U.S. manufacturing gauge rose at a faster pace than forecast, weakening the case for the Federal Reserve to maintain stimulus.

"The Institute for Supply Management factory data was a little on the strong side, so it puts the tapering fear back into the market and we start to get higher yields," said William Larkin, a fixed-income portfolio manager at Cabot Money Management in Salem, Mass. "It's become a Fed-centric environment."

"The 10-year yield rose six basis points to 2.62% ...”

“Solid Manufacturing Report Gives 10-Year Yield A Boost” Bloomberg News, 11/4/13

Indeed, any time the Taper Fear increases in the Markets, 10 year and other Yields rise, because of the Fear that diminished Fed Buying would no longer support the Bond Market and thus maintain lower interest rates.

And the concomitant $US Strength beginning last week was a result of both

-- Eurozone Economic Weakness with Inflation reported near 4 year lows, increasing the likelihood the ECB was going to ease Monetary Policy (which, indeed, has happened), thus weakening the Euro, and

-- better than expected U.S. Manufacturing data from the recent stronger-than-expected U.S. PMI report, and an ostensibly better Jobs report released Friday, November 8.

But the Key Manifestation of the Power of The Force was that Key Markets’ reaction to both of these was to respond in light of how the Fed and other Central Banks are likely to act in light of them.

We have indeed moved into a “Central Bank-Centric” Economic and Financial Universe. The private for-profit Fed (& other Major Central Banks) are indeed The Force. But there is an increasing Downside to this Interventionist Force, including Hyperinflation Risks, Misallocation of Capital and Artificial and Unsustainable Market levels. Consider additional details the Reuters report on the ECB action.

“The 23-man Governing Council had faced intense pressure to act after a shock slump in euro zone inflation to 0.7 percent in October, far below the ECB target of just under 2 percent….

“Draghi stressed that the ECB still had an "easing bias" to its policy stance. By contrast, many economists expect the U.S. Federal Reserve to begin withdrawing stimulus next year.

"’This will give European exporters much-needed breathing space, with the euro currency finally falling back,’ David Thebault, head of quantitative sales trading at Global Equities in Paris, said of the cut.

“The euro slid more than 1 percent on the day to hit a seven-week low of $1.3304, down from around $1.3490 just before the ECB announcement.

“LIQUIDITY FOR LONGER

“Draghi reaffirmed the central bank's forward guidance that rates would hold at ‘present or lower levels’ for an extended period and said he saw no threat of broad deflation.

“He also said banks would be able to rely on as much liquidity as they needed for longer, with the bank's main refinancing operations to be offered at fixed rate with ‘full allotment’ until at least July 2015.

“European bank shares climbed….”

Ibid.

And consider the Impact of Central Bank Policies on Equities Markets. The S&P is up 24% this year, but Official U.S. GDP forecasts have fallen from 2% to 1.69% and Real GDP (per Shadowstats.com -- Note 1) is Negative. Clearly Fundamentals do not support such elevated stock prices.

In sum, the result of Major Central Banks QE has been and increasingly continues to be:

1) Massive boosts to Mega-Banks (several of which are shareholders of the Private for-profit Fed) Profits and Profits Prospects.

2) Massive Financial Assets Inflation and a resulting Wealth Effect benefitting mainly the already Ultra-Rich and

3) No substantial benefit to the Real Economy or Taxpaying Upper-Middle and Middle Class Workers

This (#3) is reflected in the .7% Euro Zone Inflation Rate in the Real Economy to which the ECB Committee refers – the Eurozone Economy is not recovering.

In sum, under the Pretense of helping the Real Economy, the QE of the ECB (and Fed and other Central Banks) helps mainly the Mega-Banks and Financial Assets Owners

And there are other Negative Consequences flowing from the Central Banks’ QE.

For example, long-term, regarding the $US Primary Trend, the $US has been and continues to be battered by The Feds “No Taper/QE to Infinity/Print-More-Money Policy, by continued Deficit Spending (i.e. repeatedly raising the Debt Ceiling, a consequence of the ignorant and/or careless Obama Admin pressure) and by a panoply of Bilateral Currency Swap Deals which have not included the $US (cf. The recent Chinese Yuan-Euro Swap Deal).

Major Nations Continue to move away from using the $US as the World’s Reserve Currency, a move injurious to holders of Dollar-denominated Assets.

But perhaps the Greatest Negative Consequence is that, having embarked on QE, the Central Banks are finding it impossible to stop for reasons laid out by Alasdair Macloed

“This week an article in Euromoney points out that liquidity in bond markets is drying up….

“The reason for deteriorating liquidity in bond markets is due in part to yields being unnaturally low…. if the Fed insists on mispricing the market with its interventions and zero interest rate policy it must fully support the market with both QE and also twist applied to the yield curve to maintain market liquidity.

“For the investment analysts and commentators that still expect tapering this must come as something of a surprise. The underlying point they have missed is that once a central bank embarks on a policy of printing money as a cure-all, it is impossible to stop, or even to just taper without risking a liquidity crisis. Increasingly illiquid markets are now telling us that QE should be increased.

“The point was rammed home this week by the ECB's decision to lower interest rates….

“At least the ECB rate cut should defuse tapering expectations in US markets, … The Fed now needs to plant the suggestion that QE will have to be increased…”

“There’s a Liquidity crunch developing,” Alasdair Macloed goldmoney.com, 11/08/2013

But unending, and increasing, QE is leading, already, to threshold Hyperinflation in the Real Economy (Note 1) or, more accurately, to Hyperstagflation.

Thus wise Investors must consider Protection, via Precious Metals, from Central Bank Intervention and consequent ongoing Fiat Currency Devaluation and Hyperinflation. They must also cope with Suppression of Gold and Silver Prices by the Cartel (Note 2).

Recent $US Strength provided yet another Pretext/Opportunity for The Cartel (Note 2) to take down paper Gold and Silver Prices again and Commodities in general recently. But given the increasing demand for Delivery of Physical Bullion this cannot continue without an eventual upward launch of Gold and Silver Prices.

The fact is that acquisition of Physical Gold and Silver Bullion by Major Players, and more than just China and India, continues to increase.

This is reflected in the Fact that, just in the past 6 months Physical Gold eligible for COMEX delivery (so called “Registered”) has been shrinking fast… to 660,000 ounces.

If a mere 2% of “longs” hold their positions and ask for delivery, COMEX inventory will be exhausted.

If/When that occurs, there will be a massive spike up in prices.

And that EndGame result is coming, because the Central Banks are locked in to continuing QE. And they will have to continue QE because the Real Economy is not recovering. Consider Shadowstats

Third-Quarter Data Show Slowing or Stagnant Economic Growth.   The big economic reports are in for September, except for the official housing data that have been delayed until the end of November, and except for the initial third-quarter GDP estimate due for release on November 7th.  The available numbers overwhelmingly support a sharp slowdown in in third-quarter 2013 GDP growth, from the 2.5% currently estimated as the headline, annualized quarterly real (inflation-adjusted) growth rate for second-quarter GDP.  Eventually, third-quarter GDP growth should reflect an outright quarterly contraction.

“Reporting in third-quarter employment and real retail sales showed slowing economic activity on a quarterly basis.  With real retail sales corrected for understatement of the CPI-U inflation used in deflating the series, sales contracted on both a quarterly and annual basis….”

“No. 570: Economic Review, September CPI, Real Retail Sales and Earnings,” Shadowstats.com, 10/30/2013

“Despite the nonsensical headline 2.8% third-quarter GDP growth—estimated today (November 7th) by the Bureau of Economic Analysis (BEA)—the economy still has not recovered and shows no prospects of any near-term recovery in business activity.  If anything, the new data suggest that industry will have to cut back on production, in order to reduce rapidly rising, unwanted inventories that have not moved due to weak sales.  GDP-related updates of money supply velocity are graphed in the Hyperinflation Watch .

“Confirming one reason for weak consumption, www.SentierResearch.com released its estimate today for the September 2013 real median household income index.  The index was little changed on the upside, where the gain was not statistically meaningful.  Depressed levels of household income mean the consumer does not have the wherewithal to drive an economic rebound. …”

“No. 571: Third-Quarter GDP, Money Supply Velocity, September Household Income,” Shadowstats.com, 11/07/2013

Be prepared to Profit and Protect from continuing QE and its Consequences.

Best regards,

Deepcaster November 8, 2013

Note 1: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported October 30, 2013
1.18%     /    8.80%

U.S. Unemployment reported November 8, 2013
7.3%     /     23.5%

U.S. GDP Annual Growth/Decline reported November 7, 2013
1.65%        /     -1.70%

U.S. M3 reported October 24, 2013 (Month of September, Y.O.Y.)
No Official Report     /     4.12% (i.e, total M3 Now at $15.392 Trillion!)

Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


An Essential Strategy for Profit & Protection

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

“Facebook creates less business value than any other digital marketing opportunity ... [so] ... Don’t dedicate a paid ad budget for Facebook…

“We asked 395 executives from the US, the UK, and Canada how satisfied they were with the business value they get from 13 different online marketing sites and tactics. You’d expect a site boasting the largest audience and the biggest collection of data to fare well. But we found that Facebook offered less value than anything else on our list .... The least valuable tactic within Facebook? Those paid ads onto which Facebook has shifted focus.”

“Facebook Doomed? Forrester Says Ads Tell a Sad Story”, Jim Edwards finance.yahoo.com, 10/29/13

It is no surprise to us that the First Rank Market Research Firm, Forrester Research, has published a Quite Negative Opinion on Facebook.

Several weeks ago, we characterized the current infatuation with Facebook as a “Fad” and laid out reasons it should be a weakening economic (and therefore stock price) performer in the months going forward.

[Indeed, given the seemingly unending revelations about the Hacking Into and Compromising of Supposedly Secure Databases, how many thinking persons are going to want to continue putting their Private, Business and Personal information online and in “the cloud” anyway?!]

But a larger, quite simple but Essential Strategy for Profit and Protection is to be learned from considering, retrospectively, the fate of Blackberry, Dell and Nokia and prospectively, Facebook. Indeed it is an Essential Key to Profiting Going Forward.

For example, the recent 120 Day Performance Chart of One Major Sector illustrates the Essential Key to Profiting and Wealth Protection going forward.

And employing The Profit Opportunity Key has allowed us to recommend very profitable Trades recently. But employing that Key will also be increasingly important to Profiting and Wealth Protection going forward for both Investors and Traders.

Certain Mega-Forces have recently been and will increasingly be the Major Determinant of Major Sectors, and Individual Securities, Performance going Forward, as we have pointed out in our most recent Letter and Alerts. And these Mega-Forces increase the Importance of This Strategic Key.

Understanding how and why these Mega Forces are Now more Important than they have been for the last several decades, explains why The Key is more important than ever.

Consider that, if one reviews the chart of the Mini Dow for the last four months, one can easily see how we recommended profitable Put and Call Positions, alternatively, recently.

The Mega-Forces about which we have been writking pushed the Dow UP, Down, Up, Down, Up over that four month period.

And while the Dow is higher than it was 4 months ago it is not much higher. Not only does this Uptrending sideways Chop illustrate our Maxim – “Buy and Hold rarely Works Anymore”.

But it also illustrates another Key to Profit; indeed perhaps The most important Key to Profit going Forward – Investors and Tradersmust be just as willing to ‘Go Short’ as to ‘Go Long’. (We wager that Holders of shares of Blackberry, Nokia, and even Apple, now wish they had shorted at the right time.)

And given the Mega-Forces at play going forward, this simple Maxim will be increasingly true for the foreseeable future.

Speaking of Shorting Opportunities -- opportunities for both Profit and Wealth Protection going forward, Jim Sinclair recently gave us excellent Clues.

“Renowned gold expert Jim Sinclair says financial calamity is just around the corner for America. Sinclair contends, “We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.” For gold, everything hinges on the U.S. dollar, and Sinclair says, “I think the dollar gets hammered. I believe we are headed for hyperinflation.” One of the many black swans, according to Sinclair, is the possible abandonment of the U.S. dollar by Saudi Arabia. If Saudi Arabia stopped selling oil only in U.S. dollars, what would that do to the buying power of the buck? Sinclair says gasoline would be “$10 a gallon very soon, without a doubt.”

“Sinclair predicts retirement funds and bank deposits are going to be taken by the government. How much of your money could you lose? Sinclair says, “In Cypress, it was a total of 83%. . . . Cypress is the blueprint, and it’s what we are going to experience here in the United States.” Jim Sinclair, who has just accepted the position as Chairman of the Advisory Board for the establishment of the Singapore Gold Exchange, says, “The exchange will trade physical gold only and not future gold. . . . You have to make delivery.” Meaning, there will be no naked short selling or manipulation of this new market. Sinclair says, “This will emancipate gold from the paper price.” How high will gold go? Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”

“Annihilation of U.S. Dollar Coming-Jim Sinclair” Greg Hunter’s USAWatchdog.com, 10/30/13

And consider Shadowstats.com re the same Congeries of Issues.

“…Due to ongoing solvency issues within the U.S. banking system, that Federal Reserve is locked into a liquidity trap of flooding the system with liquidity, with no resulting surge in the money supply.  Yet, the Fed’s quantitative easings have damaged the dollar, which in turn has triggered sporadic inflation from the related boosting of oil prices.  The overhang of dollars in the global markets—outside the formal U.S. money supply estimates—is well in excess of $10 trillion.  As those funds are dumped in the global markets, the weakening dollar will trigger dumping of U.S. Treasury securities and general flight from the U.S. currency.  As the Fed moves to stabilize the domestic financial system, the early stages of a currency-driven inflation will be overwhelmed by general flight from the dollar, and a resulting surge the domestic money supply.  Intensifying the crisis, and likely coincident with heavy flight from the dollar, odds also are high of the loss of the dollar’s global-reserve-currency status.

“These circumstances can unfold at anytime, with little or no warning.  Irrespective of short-lived gyrations, the dollar should face net, heavy selling pressure in the months ahead from a variety of factors, including, but certainly not limited to: (1) a lack of Fed reversal on QE3; (2) a lack of economic recovery and renewed downturn; (3) concerns of increased quantitative easing by the Fed; (4) inability/refusal of those controlling the government to address the long-range sovereign-solvency issues of the United States; (5) declining confidence in, and mounting scandals involving the U.S. government.  

“It is the global flight from the dollar—which increasingly should become a domestic flight from the dollar—that should set the early stages of the domestic hyperinflation….”

“Consumer Liquidity, September Retail Sales, PPI,” John Williams, Shadowstats.com, 10/29/2013

Regarding the $US, it is clear that the Main Question is not “Whether?” but “When?”

And it is not just the $US that is being degraded by QE, et. al., but the Purchasing Power of All Fiat Currencies.

Consider the following study:

“According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes. “The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost    99.5% of its value.
“Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.”

Chris Mack, ResourceInvestor.com

Deepcaster attentively monitors the “When” to short, and vis à vis “what” as appropriate, signals and reports and recommends to Subscribers.

Meanwhile, it behooves Investors and Traders alike to prepare for a weaker $US (and other Fiat Currencies in Purchasing Power Terms), by going short at the right time.

And considering the fate of Fiat Currencies in general provides just one example of why it is Essential to be just as willing to “Go Short” as to “Go Long.”

Best regards,

Deepcaster November 1, 2013


Should the United States cent be eradicated, as it is in Canada?

Posted by: headturner

Tagged in: Untagged 

headturner

Final week, Canada produced its final penny. Experts say that the move will save the country $11 million a year. Some say the exact same thing should take place in the United States. How many times have you needed additional information on where can i get a payday loan, and turned to an internet search on instant approval payday loans? Look no further, all the info you need is at http://www.matchfinancial.com


Avoiding the penny



The cost of copper is up and with it the price of minting a cent. Making a penny costs more than two cents. Earlier this year, the Obama administration recommended finding less expensive materials to make cents and nickels.



But our neighbors to the north have gone one better. Canada has eliminated the 1 cent coin, which has been in circulation for 104 years. The final Canadian penny was produced Friday.



Costly to create



The cent has pretty much become worthless, meaning it was not worth the 1.6 cents needed to create pennies in Canada. Vending machines and parking meters will not take them, and customers find them more annoying than other things.



US costs



Rick Smith of the Motley Fool explained that the U.S. could save $70 million a year by finishing production of cents. Each cent costs 2.41 cents to create in America. That means the U.S. is losing more than Canada on the production.



Giving to charity



To get the penny out of circulation, the Canadian government suggests people donate them to charity.



Jim Flaherty, the Canadian Finance Minister, said:



"We hope all Canadians will consider putting their last pennies to good use by donating them to charity. I consider it fitting they could have a lasting impact on causes that Canadians believe in."


Increments of five used


Some have expressed concern that eliminating the cent will trigger merchants to round up to the nearest nickel, costing customers more in the long run. However, according to the Wisconsin State Journal, that has been debunked by researchers in Canada and the States. Some prices would round down to the nearest nickel and others round up, making it a virtual wash.



US tried to change



There have been two times in recent years that the United States has tried to get rid of the penny. This involves the Legal Tender Modernization Act of 2001 and the Currency Overhaul for an Industrious Country (COIN) Act of 2006. The latter would have required that every little thing round to the nearest 5 cents just like the Canadian law.



How about dollar bills?


Experts have other opinions too. For instance, one article in the Wisconsin Lacrosse Tribune suggests that getting rid of the $1 bill and replacing it with a $1 coin is a really good plan on top of eliminating the penny. It would not be mistaken for a quarter if it were large enough.



The article suggests that $5.6 billion could possibly be saved over 30 years by the United States government if it would just make this change. Canada changed to the dollar coin years back.



Paper bills only final a few years while coins do not have to be remade for years, which is why it would create savings.



Canada not producing pennies anymore



http://www.youtube.com/watch?v=2uEMguHK-Nc



Sources:



Lacrosse Tribune

Chicago Tribune
Daily Finance


BUBBLENOMICS PROSPECTS & ANTIDOTES

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

“The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion], $200 [billion], a trillion dollars a month…

“The Fed has boxed itself into a position wher there is no exit strategy (and created) a colossal asset bubble…”

“Marc Faber: Fed Might Hike QE to $1 Trillion a Month” moneynews.com, 10/21/2013

It is pretty clear that The Fed has created both a colossal asset bubble as well as a debt bubble and that they have boxed themselves (and most of us) into a corner.

Continue QE and you get Hyperinflation (the U.S. is already on the threshold at 9.17% CPI – Note 1).

Halt, or even Taper, QE and the Markets Crash.

But there are Antidotes – Opportunities for Investors to Profit and Protect.

And one such Opportunity arises in the Precious Metals Market.

“…On Friday, October 11, when there was no sign of any deal between US Congress members and the Obama White House that would end the government shutdown, the Chicago CME Group, which operates Comex - the Chicago Commodity Exchange, where contracts in gold derivatives are traded - announced that at 8:42am Eastern time the trading was halted for 10 seconds after a safety mechanism was triggered because a 2-million-ounce (56.7 million grams) gold futures sell order was executed.

“Something rotten in gold market 

“The result of that huge paper gold sale was that at just the time when a possible US government debt default would send investors in a panic rush to the safety of buying gold, instead, the price plunged $30 an ounce to a three-month low of $1,259.60 an ounce. Market insiders believe the reason was direct market manipulation. …

“China, gold prices & US default threats,” William Engdahl Rt.com, 10/21/2013
William Engdahl is an award-winning geopolitical analyst and strategic risk consultant whose internationally best-selling books have been translated into thirteen foreign languages.

But these Cartel (Note 2) Takedowns provide an Extraordinary Buying Opportunity . But when can we expect a sustainable Upside Launch? Has one already begun?

Since we last reported, certain Key Sectors have moved into Sustainable (for a while) Bullish Trends..

Others have signaled launching into Bullish Uptrends, but these are likely not sustainable.

In our November Letter, we identify which are likely sustainable and forecast the likely Fate and timing of these recent Launches which are likely not sustainable.

Most Important however is identifying the Forces which Impel these Market Moves.

One such Congeries of Forces is Economic. Therefore Consider this comment on the Real Numbers from Shadowstats.com

The U.S. Economy Continues to Weaken.  The first major economic reporting since the reopening of the federal government has confirmed a deteriorating outlook for U.S. business activity.  As shown in the accompanying graph of private payrolls, the pre-government-shutdown employment trends through September were downright negative.  On a three-month, moving-average basis, payrolls have been slowing since the beginning of 2013, through September.  Private payrolls are shown here, in that they were not distorted by 2010 Census hiring and firing.  Although these payrolls will not be hit directly by the October government furloughs, they certainly will reflect secondary impact.”

“COMMENTARY NUMBER 566,” John Williams,
shadowstats.com, 10/22/2013

The question is not “‘if” but “when” will the Equities Markets begin to reflect the Fact the Economy is not recovering.

Indeed, these Extraordinarily Powerful Forces will generate Mega-Moves in Key Markets in the next few weeks or very few months.

So it is essential to focus on Key ones.

Perhaps the Predominant Major Force is The Fed. Years-long Fed Money “Printing” and Easy Credit Policies have not only created Harmful Asset Bubbles (witness the Housing Bubble Burst which caused much suffering) and more Wealth for the Wealthy Mega-Bankers but not the Middle Class.

But Fed Policy has also put the $US as the World’s Reserve Currency increasingly at Risk, and thus threatened the Wealth, and indeed, Safety, of all who have predominately $US denominated Assets.

Worse, such Fed Policy of debasing the currency appears to have encouraged the Chinese to accelerate their War to replace the $US with a Gold-Backed Chinese Yuan as the World’s Reserve Currency.

Not only are Chinese pronouncements calling for a “de-Americanized World” and, via their Dagong Credit Rating Agency “downgrading the U.S. Credit from A to A-, and publically threatening to stop buying U.S. Treasuries, of Great Concern, but their actions speak even louder than their words.

The Chinese have:

--entered into bilateral Currency Swap Agreements with the European Central Bank and the U.K. and several others.

--been importing record tonnage of Gold, even though China is the World’s largest producer.

--intensified diversifying away from the $US by buying Agricultural Properties and Producers and Real Estate generally, all over the World.

Michael Snyder of “The Economic Collapse Blog” sums it up:

“If China does decide to back the yuan with gold and no longer use the U.S. dollar in international trade, it will have devastating effects on the U.S. economy.  Demand for the U.S. dollar and U.S. debt would drop like a rock, and prices on the things that we buy every day would soar.  At that point you could forget about cheap gasoline or cheap Chinese imports.  Our entire way of life depends on the U.S. dollar being the primary reserve currency of the world and being able to import things very inexpensively.  If the rest of the world (led by China) starts to reject the U.S. dollar, it would result in a massive tsunami of currency coming back to our shores and a very painful adjustment in our standard of living.  Today, most U.S. currency is actually used outside of the United States.  If someday that changes and we are no longer able to export our inflation that is going to mean big trouble for us.”

“9 Signs That China Is Making A Move Against The U.S. Dollar,” Michael Snyder, theeconomiccollapseblog.com, 10/17/2013

Clearly, an Antidote and Opportunity is to either move one’s Assets outside of the $US and/or to hedge against its Fall.

A related Critical Problem is that U.S. Dollar- denominated debt is growing far faster, courtesy of the Obama Administration, than U.S. GDP and is thus Unsustainable.

As the Dollar Weakens not only will Price Inflation increasingly Visibly Rear its Ugly Head (the U.S. is already suffering from 9.17% CPI increase per year per Shadowstats.com but it is hidden by Bogus Statistics – Note 1) but Interest Rates must eventually rise to keep Investors interested in purchasing U.S. Paper, and to accommodate Inflation.

But substantially rising Interest Rates will Crash the Housing Market and Economy as a whole.

Indeed, rising Interest Rates already began several months ago in the U.S. – Witness the 10 year Note Yields Spike Up to nearly 3%. (Even so, the recent No-Taper decision reduced rates near term, but that also hurts the $US.)

Of course, the Prospect of Rising Interest Rates and Reality of Intensifying Monetary Inflation should have impelled Gold and Silver, the Ultimate Safe Havens/Assets to new heights in recent months.

But it did not, and all Studious and Savvy Investors know this is Mainly a Result of The Cartel’s (Note 2) Manipulating Precious Metal Prices down, as Engdahl notes.

In our view, this Precious Metal Downtrend is bound to end despite ongoing Cartel Manipulation attempts. But why and when??

A large part of the Answer lies in the increasing demand for Physical and Prospects for the $US and other Fiat Currencies.

The $US 75 basis point Crash on October 17, the Day after the Debt Ceiling was lifted, is a mid to long- term harbinger of the $US’ future.

Short-term, the $US basis USDX is still trading in the 79 to 80 range (but is down to just above Major Support at the top of the 78 to 79 range) as we write. This is the U.S. Government’s self-inflicted “punishment” for allowing the Obama Administration to successfully push for more Debt and More Spending. One short-term consequence is that the $US is down yet another 50 basis points from its October 17 close, as we write.

Going forward, we forecast that The Debt Ceiling will be raised again in February, 2014, as the Political will does not now exist in the US to cut spending. At that time, the $US will likely make another run down to threaten closing below 78. If such a close is confirmed, that would signal the beginning of the Major $US Crash which we earlier forecast for 2014.

If (when) such a Crash appears close it will have been prudent to have already exited the $US and have already acquired physical Gold and Silver.

Until then, expect the $US to trade in the 78-81 range and the Euro to bounce correspondingly in the mid 1.30s.

Re Treasuries, we fully expect the ‘No- Tapering’ policy to continue ad infinitum, as its cessation would cause a crash. Indeed, we expect monthly QE to be increased beginning some time in 2014. That will be another spur to launch Gold to the Upside.

And in the highly unlikely event The Fed does start to taper in 2014 it will surely have to reverse course quickly to liquefy again as the Markets are floating on Fed-provided liquidity.

In sum, Short-term, U.S. Treasuries are “Hot”, that is they should remain strong enough to keep the 10 year yield below 3% (and, short term, push the yield into the 2.3 to 2.6% range), until the $US Crash seriously begins.

Mid and Long-term, U.S. Treasuries are quite vulnerable (due to ongoing QE) and will likely crash.

But, once again, a Superb Safe Haven with Profit Potential can be found in Gold and Silver.

As earlier noted, Cartel Price Suppression attacks have thus far succeeded in keeping Gold trading in the $1280 to $1350 range, and Silver in the $21 to $23 range.

As trader Dan Norcini Notes, Gold has not shown the capacity to break out to the upside out of its trading range yet, though it is increasingly threatening to do so.

However, the intensifying demand for Physical (which we and other independent commentators have documented on various occasions) makes it ever more difficult for The Cartel to sustain any Takedown. (Indian ex-duty Premiums for Physical have shot above $145 per ounce recently!)

But as year-end approaches the probability of that Great Precious Metal Launch up beginning and being sustained, increases dramatically. Indeed, Gold and Silver could break out and up out of their Trading Range at any time.

As the aforementioned Bubbles Burst, Gold and Silver will be Investors’ Salvation.

Regarding Equities, Fundamentally, because it is highly unlikely the Fed will begin to Taper in October or December. The Hot Fiat Money (indirectly created as explained last week) will continue to flow and continue to support Equities Prices.

And the Debt Ceiling Can Kick has given the Markets a temporary respite from uncertainty, as well as providing continuing liquidity via lower debt servicing costs via QE.

Though the underlying economy is not recovering, Corporate Earnings are, in the Aggregate, moderately positive and QE will likely keep their stock prices pumped up for a few or very few months more. Indeed fully 60% of American Corporation’s operating Earnings since 2009 result from QE-created lowered debt service.

The Disturbing Reality for the Mid and Long Term is that Corporate Revenues are not increasing, which is understandable because the financially challenged Middle Class can not increase spending, and will likely not be able to going forward.

Therefore, we have forecast that beginning sometime in 2014 (stay tuned), Equities will no longer be “Hot” and will likely Crash.

Once again, Physical Gold and Silver will spell Salvation.

Best regards,

Deepcaster October 25, 2013

Note 1: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported September 17, 2013
1.52%     /     9.17%

U.S. Unemployment reported October 22, 2013
7.2%     /     23.3%

U.S. GDP Annual Growth/Decline reported September 26, 2013
1.62%        /     -1.75%

U.S. M3 reported October 24, 2013 (Month of September, Y.O.Y.)
No Official Report     /     4.12% (i.e, total M3 Now at $15.392 Trillion!)

Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


“Bank deposits are not safe which used to be safe. Money in Treasury bills is not 100 percent safe and there is inflation in the system and you would hardly get any interest.

“Bonds are not very safe anymore because eventually interest rates will go up Equities in the U.S. are relatively expensive by any valuation matrix you may use.

(The federal government is) “essentially wasting money left, right and center: Republicans on the military and the Democrats on buying votes with transfer payments and entitlements. The best you can hope for is that you have diversified your portfolio of different assets and they don’t all collapse at the same time.”

“Marc Faber: Pray All Asset Classes Don’t Collapse at the Same Time,”
John Morgan, moneynews.com, 10/15/2013
Dr. Marc Faber is the author of the Gloom, Boom and Doom report

The “Behavior” of the Price of Gold, the Ultimate Safe Haven, might seem strange lately as it had not risen despite the lead up to the recent U.S. Debt Ceiling and Budget Crises. Apparently stranger still, after the Debt Ceiling Crisis was apparently (but see below) resolved, the Gold Price shot up. Understanding why this Paper Price performance is not strange is the key to understanding the prospective performance of many markets.

Indeed, understanding the likely course and timing of these developments – a primary Focus of Deepcaster’s Alerts – is essential to Profit and Protection in the next few weeks and very few months.

“The Double Jolt” of two anticipated Pro-Inflationary Developments – a “No Tapering Now” Decision by The Fed and a Debt Ceiling Raise should have been the Catalyst to launch the Gold Price, and especially the Silver Price, up, we remarked a few days ago.

But we noted “The Cartel (Note 1) will be Working Hard to Suppress (Precious Metals) Prices and Convince Investors that the Equities launch up demonstrates Economic health, and thus Gold and Silver are not needed as Safe Havens.” Remember that a Continuation of The Cartel’s Power and Wealth-generation Capacity depends on their being able to Continue suppressing Precious Metal prices.

And so The Cartel did indeed pull out all the stops to take down Gold last Friday, October 11, and succeeded. But then, the day after the apparent Crisis Resolution, The Gold Price shot up again. What gives?

First, lest any Reader have any doubt that The Cartel suppresses prices we Invite you to read the following most interesting and cogent reports courtesy of JBGJ.

“An interesting perspective on Friday’s (October 11 – Ed.) raid is Seeking Alpha’s Weekly COMEX Gold Inventories: Huge Friday Sell Order Equivalent To 70% Of Gold Registered For Delivery

“Friday's (10/11/13) huge drop in gold was essentially due to one tremendously large market sell order, which was an attempt to sell 5,000 gold futures (500,000 gold ounces or about $650 million dollars) at market price and was so large it tripped the stop logic for the exchange and caused gold to stop trading for about ten seconds. We aren't going to get into the motives behind this trade other than saying no seller trying to get a fair price for their gold would sell in such a way, so it looks to be an attempt to ignite negative momentum - which it didn't seem to do.

“But what we want to point investor attention to is that the size of this trade compared to the size of COMEX gold registered inventories, was tremendous. In fact, it represents almost 70% of gold registered for delivery and would be almost impossible to actually fill if entities asked for delivery.

“Oh! and investors shouldn't forget that this was all done in less than one minute - essentially all of the COMEX gold eligible for delivery was sold by one trader in less than one minute. If that doesn't raise an investor's eyebrows, then they really don't understand or are the ones making that sell order.”

“India starving for gold- China too? Gartman starts selling”,
John Brimelow, JBGJ, LLC, 10/14/2013

“The blatancy of the gold manipulation has escalated to what could only be described as taunting the CFTC to do anything about it. Today takes the cake (and that says a LOT considering how many cakes the cartel have taken) for in-your-face manipulation. After Goldman screams "sell", and on a Friday that statistically already has 7 standard deviation selling odds going in we watch this:

“8:42 AM: 367 Dec. contracts traded

“8:43 AM: 7,993 Dec. contracts traded

“8:44 AM: 4,860 Dec. contracts traded

“8:45 AM: 4,050 Dec. contracts traded

“While all was sublime elsewhere, and the dollar comatose, 16,903 December contracts were sold in just 3 minutes. This takedown amounted to over 2 MILLION ounces, or 62 TONS. You have to let that soak in for a few seconds to grasp the audacity. Somebody just dumped over 20 tons a minute, or one ton every 3 SECONDS.”

“What is the Objective?,” John Brimelow
JBGJ, LLC , 10/13/2013

It is unfortunately all too clear that The Cartel still has the Power to suppress Precious Metals prices. And the private for-profit Fed-led Cartel has both Profit and Strategic Motivations. Indeed, the title of a recent article has it nailed – “Gold Market Sunk to Keep Bond Market Afloat.” Consider these excerpts

“Historically, government shut downs have been associated with negative financial news….

“Negative financial news has historically been a time when gold and silver prices rise due to uncertainty. Gold and silver have long been safe havens against financial calamity including falling currency values, falling bond prices and even rising interest rates, as gold and silver store wealth against borrowing costs….

“The current government shutdown comes during a time period when American debt has never been higher. The Obama administration beginning in 2008 has added more debt to the Federal balance sheet than all other Presidents, from George Washington to George H. W. Bush combined, a staggering $4.2 Trillion dollars.

“The issue of debt is not about total dollar amount, but about interest payments which must either be taxed in existence or borrowed into existence….

“The terms of the Federal Reserve Act (1913) … specified interest payments were to be made only in gold and after the gold was gone, the United States declared bankruptcy. Bankruptcy was declared on the carefully chosen date of March 9, 1933. (interesting numerology 3-9-33 or 333-333 ==666! ) After 1933, all property and all potential income of all persons born thereafter was hypothecated to the non Federal no Reserve private banking cartel but this another story.

“Interest payments are the primary benefit of banker pretended debt script, except, when the game’s gone too long. In the end, it’s interest payments which finally cause the destruction of debt script, as interest rates rise exponentially until no amount of script can satisfy the demands for more interest.

“A primary concern of banker debt script managers is interest rates; keeping rates as low as possible is of the highest priority, especially when total debt ‘crosses the Rubicon’ where interest payments on debt already created, significantly affect future interest payments as previous payments are borrowed into existence. The United States Federal Reserve has crossed the Rubicon and rising interest rates will signal the coming end of the FRN private debt based script.

“Over the past several years, it has been noted that gold and silver and platinum and palladium have exhibited price behaviors consistent with being managed prices. Prices of gold and silver, especially, have been manipulated, both to keep the purchasing power of the dollar from falling quickly and to keep prices of US bond products high, resulting in unnaturally low and stable interest rates….

“Rising Interest rates are a sign banker pretend debt script exists in far greater quantities than products to purchase in a market. …

“However, when a banker pretends debt script is being borrowed into existence to meet the demands of pure spending, with no connection to products in the market, bankers and co-conspirators must manipulate interest rates lower to prevent catastrophic rises in interest payments. …

“Gold and silver prices are being deliberately and criminally destroyed by bankers hoping to keep the financial system alive a little longer as the wealth of the economy is transferred to bankers in the form of interest payments….

“Lowering prices of gold and silver is equivalent to boosting the value of the dollar and simultaneously strengthening face value of government debt. … Destroying the price of gold and silver to maintain purchasing power of the dollar moves money from investments in gold and silver to government debt which rises in value relative to gold and silver.

“…Metal prices were frantically slammed to slow the rise in interest rates on approximately June 17, 2013.

“Slamming the price of gold helped slowed the rate of increase in the 10 year yield temporarily, preventing an interest rate crisis. Note again, after October 1st, interest rates stopped falling and started climbing, and, again, a gold smack down in prices was engineered beginning in the second week.

“The price of gold and silver are being pushed lower at great cost. In order to engineer the sell down, naked short selling and flash trading are being used, both of which are causing the depletion of physical gold and silver, …

“In the very near future, the physical shortage of gold and silver will lead to default in the commodities market exchanges (comex and other metals exchanges) creating a crisis in metals delivery and, for a short time, making gold and silver unavailable at any price.

“At the same time when gold and silver prices rise exponentially and the metals exchanges default, bond prices will fall like a rock triggering financial system destroying interests rates.

“The only protection bond holders and dollar holders have is to sell both before interest rates begin to rise. …

“Buying gold and, preferably, silver and other safe assets is the only hope to save your wealth….”

“Gold Market Sunk to Keep Bond Market Afloat,”
Jack Mullen, goldseek.com, 10/14/2013

In addition, it is most important to note that it is becoming ever more difficult for The Cartelto sustain Takedowns, as the October 17, Gold Price launch up again demonstrates.

Recall that on the Monday (10/14) after the Friday 10/11 Takedown, Gold popped right back up again, also.

And the intensifying demand for Physical (which we have documented on various occasions) makes it ever more difficult for them to sustain any Takedown. Clearly Timing is Critical, which is why Deepcaster’s Alerts give particular attention to Timing Signals.

But as the weeks, and days, pass, the likelihood of a Sustainable Great Precious Metals Launch up beginning soon, increases, mainly because of increasing demand for physical.

For example, increasing shortages of Physical are reflected in India’s “de facto ban on Gold Imports” resulting in “premiums above $100 per ounce” (JBGJ).

Jim Rickards has the Most Important Timing Signal (and there are several) Nailed

“James Rickards:  Central bank manipulation of gold markets can and will last until physical shortages become so acute that banks and exchanges can no longer deliver on futures and forward contacts when requested by customers. At that point, contracts will be terminated and exchanges will order that trading be conducted "for liquidation only" which means that futures customers can close out or rollover contacts, but they cannot receive physical delivery of gold.”

“Interview of James Rickards About Central Bank Manipulation of Gold and Silver Markets,”
goldbroker. Com, 10/15/2013  
James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street.

Increasing Upward Pressure on Precious Metals Prices will continue because fundamentally, it is highly unlikely the Fed will begin to Taper in October or December. The Hot Fiat Printed Money (indirectly created via QE as explained below) must continue to flow in order to support Equities Prices.

The Money “Printing” via QE to which we refer is Indirect, but Real nonetheless. QE works by The Fed’s swapping Treasury Securities on Commercial Banks balance sheets for extra reserves, thus lowering borrowing costs. QE thus artificially boosts corporate earnings, thus allowing more spending – a de facto Money “printing” nonetheless. Indeed, fully 60% of American corporations’ Operating Earnings since 2009 result from lowered borrowing costs according to a study by S. Pomboy presented at the recent Big Picture Conference.

Though the underlying economy is not recovering, Corporate Earnings are, in the Aggregate, moderately positive and so long as QE keeps flowing that will keep their stock prices pumped up for a few weeks or a very few months more.

Thus it is not surprising that, Technically, we are “due” one more massive “Blow Off Top” Equities Rally. Among the Technicals supporting this view we note the cumulative NYSE Advance/Decline Line has formed an Ascending Bullish Triangle which portends “Rally” for a while more.

And Interventionally. The Cartel and other Powers-that-be have everything to gain by supporting another Rally via QE. Withdraw QE and interest rates would spike up dramatically, crashing the Markets.

Of course, that Rally and Ongoing QE will set the scene for Hyperinflation and a $US and Equities Crash some week soon. Thus Deepcaster pay particular attention to Timing in forecasting anticipated Mega-Moves resulting from this Scenario.

Regarding the prospects for Gold and Silver Prices, consider Jim Rickards further comments

FDR: Do you anticipate an overnight ending of the manipulation or a progressive process?

“JR: Both. The process will proceed slowly at first, then gain momentum, then reach a panic buying stage where the termination of deliveries under futures and forward contacts will be announced very suddenly. At that point, physical gold will be scarce and interested parties will not be able to acquire it in small quantities at any price. 

“FDR: Is the gold/silver paper spot price still relevant to value physical gold and silver?

“JR: It is relevant in the sense that it is still possible to acquire gold and silver at prices significantly below the implied non-deflationary price under a gold standard. This is a type of arbitrage that will be available until the world returns to a gold standard or until countries use executive orders to abolish gold trading. 

“FDR: What direct consequences would a free gold/silver market have on people worldwide -- not investors, people in general?

“JR: We have a free gold/silver market today. Anyone can buy or sell as much gold or silver as they like at market prices and exchange it freely with willing counterparties. To the extent that central banks act to depress the price of gold or silver, this acts like a gift to those interested in purchasing it at an artificially low price. If the world returned to a gold standard, the price of gold would be boring and the trading uninteresting because it would be fixed in terms of a currency and interchangeable with the currency.” (emphasis added)

Ibid.

In sum, regarding Various Markets Performance in the next few weeks and very few months, consider John Williams Excellent Analysis at Shadowstats.com

“Chances of the current federal government addressing the long-term sovereign-solvency issues of the United States are nonexistent, reflecting the agreement reached October 16th, to re-open the federal government into early-2014.  In that negotiation process, the debt-ceiling leverage, which had been in place as an aid to those pushing for meaningful fiscal reform, also was suspended through February 7, 2014, but it will be reinstated thereafter.  Details can be found in Section 1002 (a) “Default Protection Act of 2013,” on page 9 of H. R. 2775.  A copy of the Act can be downloaded from this site: http://thomas.loc.gov/cgi-bin/query/z?c113:H.R.2775: .

The Devil Is in the Details.  While the debt ceiling remains in play, going forward, the process for handling it through February 7th has been changed.  Instead of the Congress having to approve an increase in the debt ceiling, where withholding such approval had been used as negotiation leverage, for the present, the President simply announces that he is waiving the debt ceiling.  If Congress objects, it has to pass legislation to reject the President’s waiver.  The President can veto that legislation, where a veto override would require a two-thirds majority of both the House and the Senate.  Neither the passage of an override of the waiver in both Houses, nor an override of a veto of such enacted legislation, is possible in the current political environment. 

“This process expires on February 7th, when a new debt ceiling will be put in place.  The new concept introduced for getting around the debt ceiling, however, as noted by one subscriber, sets an extraordinarily dangerous precedent as to gutting the political leverage provided at present to those who seriously are looking to address the government’s extreme fiscal imbalances.

“Separately, at such time as a new debt ceiling would constrain Treasury borrowings in February, consider that the Treasury, has just regained the re-funding needed to replenish its cushion to operate with extraordinary measures for a period of several months.

Can Kicking.  October 16th saw what has become almost a ceremonial kicking of the can down the road.  There is no reason for the global financial markets to believe that the latest actions will be any less detrimental to U.S. financial stability or any less without meaning than the multiple similar experiences of recent years.  This time, though, there is a good chance that the “What, Me Worry?” crowd in Washington finally has kicked the can off a cliff [no offense intended here for Alfred E. Neuman].  

Market Reactions.   As we go to press early-afternoon (October 17th) New York time, initial reaction has been for dollar selling and gold buying.  Despite whatever games the President’s Working Group on the Markets is playing, and beyond initial market volatilities, those general trends should accelerate, as the rest of the world weighs in on the ever-expanding U.S. fiscal debacle and on the intensifying dysfunctional nature of the United States government.  Having run out of patience, global markets increasingly fear deteriorating U.S. sovereign solvency prospects and rapidly increasing odds of heavy U.S. dollar debasement.”

“Fiscal Crisis—Dollar Debasement,” Commentary 565,
John Williams, Shadowstats.com, 10/18/2013

Williams’ Analysis is not just “whistling Dixie” but spot-on. The $US 75 basis point Crash (as we write) on October 17, the Day after the Debt Ceiling was obliterated is a Harbinger. We can expect increasing U.S. Debt and continuing QE going forward.

But severe consequences are impending. The Credit Rating Agency Dagong of the USA’s most powerful Creditor, China, recently downgraded the USA’s Debt Rating from A to A-. And China continues to enter into bilateral currency swap deals with other countries (thus bypassing the $US and further jeopardizing its status as the World’s Reserve Currency), the most recent being with the European Central Bank!! Stay closely tuned for Protection and Profit.

Best regards,

Deepcaster
October 18, 2013

Note 1: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


Preparing for The Big One – Part I

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

”Federal Reserve Chairman Ben S. Bernanke has been tap dancing on a land mine since 2008.  He has avoided detonating an intensified banking-system crisis, so far, but the cost has been that of locking the Fed into near-perpetual quantitative easing and monetization of U.S. Treasury debt, with horrendous implications for future domestic inflation and U.S. dollar debasement…. the Fed has locked itself into quantitative easing for some time to come, irrespective of any jawboning to the contrary….

“The longer-term U.S. sovereign solvency issues are the bane of the U.S. dollar and the global financial markets.  Unless these problems can be brought under credible control, those same global markets—soon and massively—will revolt against the U.S. dollar.”  

“NO MORE TAP DANCING ON A LAND MINE; THE ADMINISTRATION PULLS OUT A COUPLE OF HAMMERS,” John Williams, Shadowstats.com, 10/10/2013

Indeed, global markets are already revolting against the $US. The End Game re. the $US is THE BIG ONE for which we aim to help Investors prepare.

The really BIG ONE announced October 10, 2013 was not the Republican Proposal to lift The Debt Ceiling for six weeks, though that was an important constructive step to attempt to resolve the Administration’s partial Government Shutdown.

THE BIG ONE was the European Central Bank’s agreement with the People’s Bank of China to establish bilateral Euro-Yuan Currency Swap arrangements, thus freezing the U.S. Dollar out of yet another Bilateral Sovereign Currency Swap Deal.

This will, sooner rather than later, have catastrophic impact on the International Financial System as John Williams points out.

“Beginning to play with hammers around a land mine, the President recently suggested that the financial markets should be concerned about the shutdown/debt-ceiling crisis.  Related comments from the Treasury Secretary suggest looming economic and financial Armageddon, in the event of a default on U.S. Treasury securities.  The push appears to be to frighten the markets enough, so as to pressure a resolution on the government shutdown and debt-ceiling issues, without those controlling the government having to address federal fiscal-policy issues, meaningfully. …

Instead, the increasingly clear message to the global markets is that the Administration will not take any meaningful action to address the long-term solvency issues of the United States. (emphasis added)

“Sovereign states that issue debt in the same currency they print rarely default, ….  Instead, they simply print the money needed to cover financial obligations that could not be covered otherwise with tax revenues, asset confiscations, etc.  The effect usually is full debasement of the currency, or hyperinflation.  Creditors get paid off, but with what has become a worthless currency.

“Indeed, ahead is currency debasement, eventually complete debasement of the U.S. dollar.  As the global markets increasingly absorb that reality, selling of the dollar against the currencies of major U.S. trading partners should become intense, with pressure for removal of the dollar as the global reserve currency becoming unstoppable.  Oil and other dollar-denominated commodity prices would rise sharply in dollar terms, fueling domestic U.S. inflation, despite a moribund economy.  In like manner, the dollar prices of precious metals—particularly gold and silver—would move on to ever-increasing historic highs, despite any efforts by central banks and related plunge-protection teams to contain those prices with jawboning and covert or overt physical intervention, in the markets.”

(Ibid.)

Before considering how Investors can Profit and Protect from this Impending Crisis, it is essential to consider why Fed QE/Stimulus policy (likely to continue under Chairman Yellen) not only will not cure the Economy’s ills but will only worsen Economic Prospects for the Middle Class and Working Poor around the World. It is this Majority to whom Fed Policy should (ethically and for the sake of a Healthy Economy) be directed, but it is not. It is their capacity to Work and Spend which is a Necessary Condition for Economic Health.

Consider the Wise Analysis of former Morgan Stanley Chairman, Stephen Roach

“…The Federal Reserve continues to cling to a destabilizing and ineffective strategy. By maintaining its policy of quantitative easing (QE) – which entails monthly purchases of long-term assets worth $85 billion – the Fed is courting an increasingly treacherous endgame at home and abroad ….

“But there is an even more insidious problem brewing on the home front. With its benchmark lending rate at the zero-bound, the Fed has embraced a fundamentally different approach in attempting to guide the US economy. It has shifted its focus from the price of credit to influencing the credit cycle’s quantity dimension through the liquidity injections that quantitative easing requires. In doing so, the Fed is relying on the “wealth effect” – brought about largely by increasing equity and home prices – as its principal transmission mechanism for stabilization policy.

“There are serious problems with this approach. First, wealth effects are statistically small; most studies show that only about 3-5 cents of every dollar of asset appreciation eventually feeds through to higher personal consumption. As a result, outsize gains in asset markets – and the related risks of new bubbles – are needed to make a meaningful difference ….

“Second, wealth effects are maximized when debt service is minimized – that is, when interest expenses do not swallow the capital gains of asset appreciation. That provides the rationale for the Fed’s zero-interest-rate policy – but at the obvious cost of discriminating against savers, who lose any semblance of interest income.

“Third, and most important, wealth effects are for the wealthy. …

Fully 90.6% of US families in the highest decile of the income distribution owned stocks – double the 45% ownership share of the other 90% ....

“The wealthiest 10% of the US income distribution benefit the most from the Fed’s liquidity injections into risky asset markets. And yet, despite the significant increases in asset values traceable to QE over the past several years – residential property as well as financial assets – there has been little to show for it in terms of a wealth-generated recovery in the US economy. …

“This underscores yet another of QE’s inherent contradictions: its transmission effects are narrow, while the problems it is supposed to address are broad. Wealth effects that benefit a small but extremely affluent slice of the US population have done little to provide meaningful relief for most American families, who remain squeezed by lingering balance-sheet problems, weak labor markets, and anemic income growth. …

“Lost in the angst over inequality is the critical role that central banks have played in exacerbating the problem. Yes, asset markets were initially ecstatic over the Fed’s decision this month not to scale back QE. The thrill, however, was lost on Main Street.

“As I wrote:

“Such stealth transfer of wealth enabled and facilitated by central bank policies are not only economically unsustainable, they are reprehensively immoral.

“Occupy QE,” Stephen Roach, Project-Syndicate.org, 09/25/2013

Chairman Roach’s Analysis underscores the point John Williams, Deepcaster and other independent commentators have been making for months. Fed Policy is aimed at helping a select cohort of the Wealthy, the Mega Banks and Wealthy Individuals, and all The Fed “communications policy” Claptrap that their QE is designed to help the Economy is just Political Cover for their aforementioned Real Aim.

The Key Point for Investors is that the Flight from the $US is already occurring (latest evidence, The ECB – PBOC currency swap Agreement).

This flight has not been widely factored in to the Markets YET but a Harbinger has appeared in the form of the $US’s recently flirting with moving under 80 basis USDX.

Since a Conclusive Close under 78 would definitely Signal the $US rout had begun in earnest, Deepcaster keenly observes and regularly reports to Subscribers on prospective Triggers for such a Move thus providing Various Opportunities to Profit and Protect.

Generally, U.S. Dollar denominated assets are most vulnerable (and non-US$ denominated Assets which we identify are Not).

And Real (as opposed to Financial) Assets in Relatively Inelastic Demand are the least vulnerable in the mid and long term.

Of several such Real Assets which we periodically identify, Gold and Silver have the Most Upside Potential for Profit and Protection.

But these Precious Metals are also subject to Price Suppression by The Cartel (Note 1) which fears them because they are Real Money as opposed to their Fiat Paper Currencies and Treasury Securities.

But – a Word to the Wise Investor – Consider that the World’s largest Gold Producer, China, is also the largest Gold Importer.

And another larger Gold Producer, Russia, imported 12.7 tonnes of Gold in its most recently Reported Month.

And China and Russia are importing Physical Metal and not mainly relying on future delivery on some paper promise from a Gold ETF.

Indeed

“…(The) Gold Price Could Double Overnight in U.S. Dollar Crisis

(Rickards) “envisages a series of ‘black swan’ events that trigger a loss of confidence in the US dollar precipitating a rush to get out of the greenback.”

“Gold Price Could Double Overnight in U.S. Dollar Crisis,” Jim Rickards, etfdailynews.com, 10/10/2013

Deepcaster shall continue to watch and report on Harbingers and signals.

Best regards,

Deepcaster October 11, 2013

Note 1: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


Profit from a Dangerously Fat Left Tail

Posted by: Deepcaster

Tagged in: Untagged 

Deepcaster

“Both stock and blond valuations today are actually explicitly a matter of government policy.”

Brett Arends, Wall Street Journal, 09/23/2013

“This looks to me like 2007 all over again, but even worse. All the previous imbalances are still there. Total public and private debt levels are 30% higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets.”

William White, former BIS chief economist, 09/20/2013


“’Dangerously Fat Left Tail Risk’: the probability that an Investment will incur losses more than three Standard Deviations from the Mean Loss Probability.”


One Recent Most Important Development is Quite Ominous indeed. This Development has created an increasingly Dangerous Fat Left Tail.

Specifically, that Ominous Development indicates that the Probabilities of another Financial Crisis, with concomitant Negative Consequences, are Increasing.

But although that Crisis would greatly increase the Danger to Bank Deposits, Pensions and Investments (see Deepcaster’s recent article – “Our Deposits, Pension Funds, etc. Vulnerable to Immediate Looting ??!! – Antidotes” ) it also creates Opportunities. As the Chinese proverb says: Crisis = Opportunity or in this Case Multiple Opportunities for Wealth Protection and Profit, Opportunities which have generated two recent Deepcaster Buy Recommendations.

The Ominous Development to which we refer is The Fed’s No-Tapering Decision.

Consider that The Fed chose not to taper its $85 Billion Monthly Bond Purchases by even a little bit, not even a $5 Billion or $10 Billion Reduction!!

First and Foremost, this means that The Fed knows what we and other independent commentators have been claiming, and documenting, for many months – that the economy is not recovering (indeed there has been virtually zero Wage Growth in the U.S. in the last five years, despite Trillions in Fed Stimulus) and…

Furthermore, that the Economy and Markets are so fragile that even a small Taper might cause another Financial Crisis. Indeed, The Fed’s No-Taper Decision likely signals that such a Crisis is Impending.

Worse yet, it signals that The Fed (and other Key Central Banks) is trapped into continuing to Print Money -- i.e. QE to Infinity – as we and other Independent Commentators have been correctly forecasting for Months.

And the Ongoing Central Bank QE to Infinity is already leading to Threshold Hyperinflation (9.17% in the USA per shadowstats.com), if one looks at the Real Numbers (Note 1) and not the Bogus Official Ones.

Remember that one Primary Function of Bogus Official Numbers, whether in the U.S., China or elsewhere, is to cover up Politically Damaging Economic Realities, such as the fact that ongoing QE (Money Printing) by Major Central Banks is already Creating Price Inflation despite an increasingly Sluggish Economy. In other words, to cover the Reality that we are increasingly in a Period of Stagflation.

Indeed with Increasing Inflation we are now in a period of StagFLATION.

But this Intensifying StagFLATION creates several Opportunities for both Profit and Wealth Protection.

In order to surmount Impending Crises, we offer three Necessary, but not necessarily sufficient, Essential Criteria which must be met in order to Profit and Protect in the next few Months.

  1. The Prospective Investment must be one which Profits and Protects from ongoing Monetary and therefore, Price Inflation (when one considers The Real Numbers and not the Bogus Official Ones) and

  2. The Prospective Investment must be one for which there is a Real, and Relatively Inelastic (regardless of Economic Conditions) Demand.
  3. Typically, such investments involve Real Assets such as Basic Foodstuffs and Energy, and Productive (as in Agricultural land) Real Estate, but not always.

    Typically, such investments are not to be found e.g. in The Tech Sector. Indeed, we would argue that businesses such as Facebook are riding for a Fall, for many of the Same Reasons the Internet Bubble Burst in 2002.

    For example, people do not have to use Facebook, there are Privacy Concerns (its business model relies on making personal information available to advertisers), there are low Barriers to entry, and there are Alternative Similar (and better in our opinion) Social Media businesses. Thus Facebook fits in what we would call the “Fad Business” Category, subject to a Big Fall, like Many in the Tech Category. Consider the Fate of former Tech Market Leaders like Blackberry and Nokia for example.

    Of course, there are a Few Tech businesses which have Sustainable Business Models, one of which is Google. People, rich or poor, in Good times and Bad, need Information and Goods and Services, and Google delivers all with a few clicks.

  4. A significant Portion of Assets should be held outside of the Banking and Financial System. See our latest Article – “Our Deposits, Pension Funds, etc. Vulnerable to Immediate Looting??!! – Antidotes” – at www.deepcaster.com and our recent Alerts.

And consider a Mega-Reality regarding the USA, the issues of the World’s Reserve Currency.

“…the nation’s debt is compounding into a monster that defies financial description.”

Richard Russell, 9/20/2013

Thus, the Dangerously Fat Left Tail Risk that arises (and given the USA’s unsolved Serious Structural Problems, especially since The Fed will have to continue QE or restart it even IF there eventually is modest tapering), is that ongoing Fiat Money Creation will eventually bring about the Major degradation of the U.S. Dollar, vis a vis the Yuan, Major Commodities Currencies (e.g. OZ$, Canuck Buck) and Inflation Assets such as Key Commodities in relatively Inelastic demand. (Crude Oil)

In sum, we expect The Force of Hyperinflation to help impel serious $US Dumping to begin sooner rather than later (see our Forecasts for probable Timing).

As well, longer-term, long dated U.S. Treasuries are arguably the Greatest Bubble in Economic History, and are doomed to Burst if for no other reason that the Fed has become by far the Major, and nearly only, purchaser, and with ever-more printed Fiat money yet.

This Hot Fiat Money Game cannot in principle, continue indefinitely, which is why our analysis has targeted a 10 yr. U.S. Treasury Note interest rate level which would likely signal the Bubble Burst is launching.

So far as Profit and Protection from much Dangerous Fat Tail Risk is concerned, consider Gold and Silver.

Continuing diminished tensions over Syria and the Mideast, Apparent Eurozone Recovery and Stability supported by the German reelection of Angela Merkel, and Cartel (see Notes) Price Capping all have, and are, contributing to the apparent diminishment of the Rationale for owning Gold and Silver as Safe Havens, short term and thus to a reduction in their Paper Price..

However, though Indian tariffs continue to retard legal imports, demand for Physical from India and China especially is rising, making the Price Prospects, mid to long term, Bright Indeed.

But, above all, the Price Prospects are bright because of the ongoing Fiat Money Printing By Key Central Banks around the World.

It will however likely take a Catalyst to get Gold and Silver moving decisively into an Uptrend.

But there are plenty of Potential Catalysts out there – Another Fed No Tapering Decision, in October (likely) an eruption of an intensified Mideast Crisis, a widely publicized move up in Inflation. One or more of these is sure to come, and we think one of these is likely in the next few weeks according to our timing Projections.

So last week’s No-Tapering Launch up of Gold and Silver was the first Harbinger of The Coming Bull Trend and another (likely) No-Tapering Decision by The Fed in October would strongly impel these Precious Metals higher.

In sum, Buy Physical Now while it is cheap.

It is important to reiterate that while the U.S. Equities Markets continue to be bullish, they continue to be levitating almost solely on Fed provided QE and the prospect of its Continuation – witness the Bullish Action after the Fed’s No Tapering Decision.

And if the USA’s Budget Problems are resolved (not solved) by raising the Debt Ceiling (i.e. printing more money) as is probable, Equities and the Precious Metals should launch up again (absent Major Negative Geopolitical Events) eventually to hit their all-time highs.

The only difference will likely be that Equities will eventually crash (because the artificial levitation cannot last for much longer), while the Precious Metals will likely continue to dramatically increase in value. The Main Catalysts will probably be a major sell-off of both U.S. Treasury Bonds and the U.S. Dollar.

In sum, though The Primary Trend is currently still somewhat Bullish (but with the Bull Trend weakening), Equities Markets are fundamentally very fragile. The S&P dropped 3% in August and has recently broken below, but is now back above, its 50 day MA. And, though the Dow is still above its 200 day MA, we still have several “live” Hindenburg Omen Observations.

Given the aforementioned, now is an excellent time to acquire Assets which should perform well as Dangerously Fat Left Tail Risks are Realized.

 

Best regards,

Deepcaster
September 26, 2013


 

“Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct….

“Also called bankruptcy privileges, this ensures lenders secured on financial collateral immediate access to their pledged securities. . . .

“Safe harbor lenders, which at present include repos and derivative margins, can immediately repossess and resell pledged collateral.

“This gives repos and derivatives extraordinary super-priority over all other claims, including tax and wage claims, deposits (emphasis added), real secured credit and insurance claims. Critically, it ensures immediacy (liquidity) for their holders. Unfortunately, it does so by undermining orderly liquidation….”

“Armageddon Looting Machine: The Looming Mass Destruction from Derivatives,” Ellen Brown, webofdebt.com, lemetropolecafe.com, maxkeiser.com, 09/18/2013

Massive and Increasing Public and Private Debt, $700 Trillion or perhaps as high as $1.2 Quadrillion in Derivatives (see bis.org) and the 2005 Bankruptcy Reform Act, appear to put our Bank Deposits, Pension Fund Assets and many other financial “Assets” at Greater Risk than ever before.

And for those U.S. Bank Depositors who think, for example, that FDIC Insurance will protect their Deposits consider that the FDIC’s Reserve Fund holds only $37.9 Billion, but the Total Insurable Deposits are $5.25 Trillion. And, as Ellen Brown points out, the “Bail-Ins” (i.e., Bank Deposit Confiscation) which Cyprus (and now it appears Polish) Depositors suffer, are arguably applicable worldwide via the Financial Stability Board’s “Bail-In Templates.”

And The Fed’s refusal to even begin Tapering is ominous and indicates that Financial Armageddon may be closer than we think. And, worst of All, that Destruction could, at any time, be only hours, or minutes, away – read on.

Here, with Kudos to Ellen Brown for her excellent expose, we suggest possible Personal, and National, Antidotes for Wealth Protection and Profit.

Consider the following …

“Shadow banking comes in many forms, but the big money today is in repos and derivatives. The notional (or hypothetical) value of the derivatives market has been estimated to be as high as $1.2 quadrillion, or twenty times the GDP of all the countries of the world combined.”

Ibid .

It is this Massive, Largely Uncollateralized (except by other Paper “Assets”) $1.2 Quadrillion that would be immediately affected in the next financial crisis. The Counter-Parties to these Derivatives would be Immediately called upon to perform, but many would be unable to (as in the 2008 crisis) creating a ripple effect of Defaults.

Consider further what documentary Film-Maker, David Malone writes,

“…this (SuperPriority – ed.) allows the biggest banks …to profit from a bankruptcy which might otherwise have killed them…

Ibid.

There is a profit incentive, in other words, to create another financial crisis.

“Safe harbor status creates the sort of perverse incentives that make derivatives ‘financial weapons of mass destruction,’ as Warren Buffett famously branded them…

“All other creditors – bond holders – risk losing some of their money in a bankruptcy. So they have a reason to want to avoid bankruptcy of a trading partner. Not so the repo and derivatives partners. They would now be best served by looting the company – perfectly legally – as soon as trouble seemed likely….

“The global credit collapse was triggered, it seems, not by wild subprime lending but by the rush to grab collateral by players with congressionally-approved safe harbor status for their repos and derivatives….

“When MF Global went down it did so because its repo, derivative and hypothecation partners essentially foreclosed on it…. And because of the co-mingling of clients’ money in the hypothecation deals the ‘looters’ also seized clients’ money as well. . .”

Ibid.

The Solution/Antidote for Individuals and Institutional Investors is to place a significant Portion of the Assets outside of the Reach of the Current Fiat Money-based Banking System.

And of course Timing is Crucial. The U.S. Fed’s recent Decision Not to begin Tapering was yet another Signal that another such Crisis is all-too-close and it is not in the self-interest of the Private For-Profit Fed’s Mega Bank Owners and Allies to allow the System to Implode just now. However, given the $Trillions in QE (Fiat Money) The Fed and other Central Banks have already put into the financial system they cannot prevent an Implosion at some point in the not-too-distant future.

Thus Deepcaster pays heightened attention to Timing “Signals” and reports them in his Alerts.

As to Antidotes, i.e., Protection and Profit, we reiterate that Physical Gold and Silver held in one’s personal Possession, Productive Farm land, Essential Foodstuffs and other Assets held outside the “Financial Asset” System provide some (see our Analyses) greater measure of Protection.

The Risk to “Assets” (including Fiat Currencies, Bonds, Stocks) held within the System is already substantial, and had already proven lethal to the in-system “Assets” of some Investors, via legally sanctioned “Bail-Ins” Worldwide!

“MF Global was followed by the Cyprus “bail-in” – the confiscation of depositor funds to recapitalize the country’s failed banks. This was followed by the coordinated appearance of bail-in templates worldwide, mandated by the Financial Stability Board, the global banking regulator in Switzerland….

“Bail-in policies are being necessitated by the fact that governments are balking at further bank bailouts. In the US, the Dodd-Frank Act (Section 716) now bans taxpayer bailouts of most speculative derivative activities. That means the next time we have a Lehman-style event, the banking system could simply collapse into a black hole of derivative looting. Malone writes:

“. . . The bankruptcy laws allow a mechanism for banks to disembowel each other. The strongest lend to the weaker and loot them when the moment of crisis approaches….

“All that is required is to know the import of the bankruptcy law and do as much repo, hypothecation and derivative trading with the weaker banks as you can.”

Ibid.

And we note that it appears a Major Polish Bank is already implement ting “Bail-Ins.”

Ellen Brown also offers two Systemic Solutions for Nations and Citizens of Nations.

“We should be directing where the credit goes and collecting the interest. Banking and the creation of money-as-credit need to be made public utilities, owned by the public and having a mandate to serve the public. Public banks do not engage in derivatives.

“Today, virtually the entire circulating money supply (M1, M2 and M3) consists of privately-created “bank credit” – money created on the books of banks in the form of loans. If this private credit system implodes, we will be without a money supply. One option would be to return to the system of government-issued money that was devised by the American colonists, revived by Abraham Lincoln during the Civil War, and used by other countries at various times and places around the world. Another option would be a system of publicly-owned state banks on the model of the Bank of North Dakota…”

Ibid.

Of course, the latter of these would involve abolishing The Fed as we know it.

Another possible approach was implemented by President John F. Kennedy, R.I.P., a few months before his assassination. He issued an Executive Order that U.S. Notes (as competition to Federal Reserve Notes) be issued. Some were actually issued and were backed by the Full Faith and Credit of the USA including its Gold Reserves. Most of these U.S. Notes were removed from circulation shortly after his death.

So what is likely to be one Trigger (of several possible ones) for the next Financial Collapse. John Williams explains:

“The United States faces a likely hyperinflationary depression before the end of 2014.  That forecast has been in place for years, and still remains.  The ultimate, complete debasement of the U.S. dollar became inevitable in recent decades, when those controlling the U.S. government—both sides of the aisle—deliberately took on federal debt and obligations that never could be satisfied through normal fiscal operations….

“The U.S. banking system remains under severe financial stress, as would appear to have been confirmed, yesterday, by the Federal Reserve’s decision not to cut back on its quantitative-easing program….

“Where the proximal trigger for the looming sharp increase in inflation and eventual hyperinflation likely will be massive selling of the U.S. dollar in the currency markets, two major illusionary props for the dollar are evaporating. …In combination, these factors suggest a rapidly approaching day-of-reckoning for the dollar.

“The first big the myth was that the Federal Reserve would extricate itself from its quantitative easing, due to the improving economy.  That story appears now to have been confirmed as nothing more than jawboning, aimed at propping the dollar, depressing gold and silver prices and temporarily appeasing critics of Federal Reserve policies.

“The Fed has shown itself to be locked in now for the end game. …

“The Fed’s quantitative easing always has been about maintaining banking-system liquidity and solvency, not boosting the economy.  Fed Chairman Bernanke has admitted that there is little the Fed can do to stimulate business activity.  The Fed simply uses the weak economy as political cover for propping the banking system….

“The second big myth is that federal deficit is improving and no longer is a problem.  While the cash-based deficit for fiscal 2013 will be lower than in 2012, thanks to some one-time factors and accounting gimmicks, that will not be true for the generally accepted accounting principles (GAAP)-based deficit that ran at an uncontrollable annual pace of $6.6 trillion in 2012. 

“Long-term U.S. sovereign-solvency and fiscal issues, which the global currency markets have held in abeyance for two years, with waning patience, are about to explode anew.  Washington is within weeks of having to deal with all the unresolved fiscal and debt-ceiling issues that have been pushed repeatedly into the future.  Whatever actions are taken—even attempts at further delayed action—should have negative impact on the dollar.  There is no chance of action that would resolve the fiscal crisis.

“Separately, the U.S. economy is turning down anew, noticeably, and the Presidential approval rating already is at low level that usually would be a negative for the dollar….”

“THE END GAME NEARS,” John Williams, shadowstats.com, 09/19/2013

Fortunately for us Gold Partisans, it appears that the Banking Cartel’s (Note 1) ongoing Paper Price suppression of Gold and Silver is becoming ever more difficult to sustain.

“Since China (which reopens on Monday after a 2 day break) was a respectable buyer in the upper $1,300s a week ago (and a very strong buyer on Tuesday and Wednesday around $1,300) the Bears seem to be overplaying their paw. Especially when the respectable Indian premiums of the past couple of days are also taken into account.”

“Bears Misjudge Asia?,” John Brimelow, JBGJ, LLC

We agree that it is likely the bears are “overplaying their paw.”

Best regards,

Deepcaster September 20, 2013

Note 1: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.


 

Collective belief can create its own reality, and at least for the past few years, collective belief is that Fed actions simply make stocks go up, and so they have. The problem is that this outcome is based almost wholly on perception and confidence bordering on superstition – not on any analytical or mechanistic link that closely relates the quantity of monetary base created by the Fed to the equity prices (despite the correlation-presumed-to-be-causation between the two when one measures precisely from the 2009 market low). Some of the deepest market losses in history have occurred in environments of aggressive Fed easing.

John Hussman, Hussman Funds, September 2013

One of the Crucially Important Lessons of the Housing Bubble Burst of 2008, the Internet Bubble Burst of 2002, the Market Crash of 2008-2009, and Most Crashes and Bursts before these, is that Certain Assets which were widely believed to be Safe,were not.

And given today’s Uncertainty and Impending Crises, that Truth remains – Many ostensibly “Safe” Assets are Not.

Thus, here we identify certain of these Risky “Safe” Asset classes (and those not so Risky), and indicate how one can best Profit and Protect through Self-Reliance Investing. Deepcaster identifies specific Investments which actually provide Opportunities for Profit and Wealth Protection in his recent Letter and Alerts.

Also here, we identify Major Risks to these Ostensibly Safe Assets.

Identifying Major Risks to Ostensibly Safe Assets is the First Essential step to Effective Self-Reliance Investing.


Counter-Party Risks

As the Geopolitical, Economic, and Financial Risks Mount, so too do the Risks of Major Counter-Party Failure.

The Housing Collapse, Financial Collapse as manifested in the AIG Collapse, and MF Global Debacle are but three recent examples of three Asset classes thought by many to be Safe (respectively, Mortgage-backed Securities, Insurance “products” provided via AIG, and Investments in MF Global) which were not. All three are examples of Counter-Party Risks which were realized.

And there are Counter-Party Risks Aplenty in today’s International Financial System. And many of them are in the same Sectors in which Counter-Party Failure occurred in the last Crash!

The Primary (but not sole) Cause is over-leverage. One need only consider that there are nearly $700 Trillion in OTC Derivatives currently Outstanding, but annual Global GDP is only approximately $70 Trillion. (www.bis.org, Path: Statistics, Derivatives, Table 19) to realize that the Systemic Risk is Arguably Greater Now than before the 2008-2009 Financial Crisis.

In sum, many of the Asset Classes and Institutions which proved risky in 2008-2009 are at least as Risky Now as they were then. It is critical that investors valuate Counter-Party risks before investing.


Bail-ins

“Bail-ins” in which Bank Depositors’ Deposits! are confiscated by a failing or Bankrupt Bank (and often “compensated” for by Stock in the failing or Failed Banks) are not limited to Cyprus.

A Bank in Poland, for example, is implementing a Bail-in as we write.

Even more threatening are the Operative Rules under which many Banks in Europe and North America conduct Business, which also allow Bail-ins.

Conclusions: Self-Reliant Investors should take account of the fact that Deposits in such Banks are Vulnerable and thus are for Transactions not for Savings or for Assets held for the long-term.


OTC Derivatives

As indicated above, the Risk reflected in the nearly $700 Trillion of OTC Derivatives is Orders of Magnitude greater than the collateral available to secure them.

Therefore , when (not if) there is another Major Market Takedown, certain Counter-Parties will be called upon to perform and will likely be unable to do so (cf. AIG in the last Market Crash) And such Failures will likely create a Ripple Effect via the OTC Derivatives Parties and Counter-Parties as they did in 2008.

Self-Reliant Investors should give priority to investments which are not encumbered by such risks.


Domestic vs Foreign Production Reliance

Reliance on Goods and Services produced abroad (regardless of where one lives) can be extremely Risky as all Crude Oil-importing Nations know.

But it is not just the Citizens of Oil importing Nations that are subject to Such Risks.

The Citizens of any countries which cannot feed themselves (e.g., Egypt and arguably, China) and which rely on Extra-territorial supplies are at Great Risk – as Participants in Nations with an Arab Spring know.

And National-Security-Sensitive Goods and Services produced abroad are another significant Risk Category as well.


Markets Manipulation

As Precious Metals Investors know all too well, Gold and Silver Investments are subject to Price Suppression by a Cartel (Note 1) of Central and Allied Mega-Banks (See Deepcaster’s Archives for Deepcaster’s Letters and Alerts for an extensive Treatment).

These Price Suppression Attacks have been primarily Responsible for the Takedowns in the Paper Gold and Silver Prices in the last two years.

But given universal and Increasing Demand for delivery of Physical metal and the High Risk Market Environments, prospects for these Metals are Bright.

Consider two recent Reports re Gold and Silver respectively:

“…overnight just before 3 am Eastern, a block of just 200 GC gold futures contracts slammed the price of gold, on no news as usual, sending it lower by $10/oz…whoever was doing the forced, manipulation selling, just happened to also break the market. Indeed: following the hit, the entire gold market was NASDARKed for 20 seconds after a circuit breaker halted trading!

“To summarize: a humble black of 2000 gold futs (GC) taking out the bid stack, and slamming the price of gold, managed to halt the gold market: one of the largest “asset” markets in the world in terms of total national, for 20 seconds.”

“Vicious Gold Slamdown Breaks Gold Market For 20 Seconds,” John Brimelow, JBGJ, LLC

But notwithstanding ongoing Cartel Takedowns, increased demand for Physical makes the Precious Metals price prospects bright indeed.

“From its low-close on June 27 of $18.59 (Comex front-month basis) through its high-close on August 27 of $24.70, silver jumped 32.8% in just 42 trading days. Using today's Comex close of $23.12, silver is up 24.4% from its June bottom. Many investors are wondering if this has been a dead-cat bounce off an oversold bottom or if a new bull trend has begun. Based on all of the fundamental and technical data that I monitor, it would appear to me as if silver put in a definitive bottom in late June and is poised to resume its long-term bull market trend. I would further opine that it is likely that we'll see silver (and gold) hit a new all-time high in price before we get another big correction like the one the metals just went through.

The inflation-adjusted all-time high for silver is $140/oz. This number is derived by compounding silver's high of $50 in 1980 using the Government-reported CPI rate. While I don't expect silver to reach that inflation-adjusted high on this next bull-cycle move, I would not be surprised if silver hit $100/oz before the next major price correction. I see both technical and fundamental factors which will drive this type of move in price…

“First is the sheer size of global demand for physical silver. 1 billion ounces of silver is produced annually from mine production and recycling. Of that, roughly 900 million is consumed in industrial use (Silver Institute data). That leaves roughly 100 million ounces for investors.

“But what about China and India? Because of the restrictions put on gold imports by the Indian Government for most of 2013, Indian imports of silver have soared vs. 2012. In just the 1st half of 2013 (for which I have a data source), India imported 3,000 tonnes of silver, which translates into about 103 million ounces. It's safe to say based on the trend in India that India will import over 200 million ounces this year….

“As you can see, just counting the U.S. and Canadian mints plus India and China imports, well over 251 million ounces of silver demand are accounted for. To be sure, part of the silver imported into India and China is for industrial use. But in total, just for the those four countries, investors will likely buy significantly more than the 100 million ounces of silver produced by mines in 2013 that does not go to industrial users. ...”

“Silver is Getting Ready to Make a Big Move Higher,” Dave Kranzler lemetropolecafe.com, 09/12/2013

Caveat: one should expect continued Cartel Takedown attempts.

In that connection, Grant Williams, portfolio manager of the Vulpes Precious Metals Fund recently noted that at the COMEX warehouse, there are 55 paper claims for every ounce of Gold in that warehouse, and that a recent demand by shareholders of GLD ETF for Physical Gold in exchange for shares, was refused by the COMEX.


Independent Information Sources

Having accurate information about one’s Investment Interests, such as Deepcaster and other Independent Commentators aim to provide is essential for successful Self-Reliant Investing.

Best regards,

Deepcaster September 13, 2013

Note 1: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

 


Latest Commentary

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12

Latest Comments

Disclaimer:

BullionBullsCanada.com is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.

Login Form