To start today, I’d like to ask you to refer back to last weeks briefing and see that I was spot on with what I saw coming. It’s happening. Everything you’ve been hearing and reading about is happening right now and it’s happening fast.
PLEASE READ: Friends and loyal readers of the Weekly Briefing. I can keep send you all the information I can about what is happening to and in the financial system, but if you don’t pick up the phone and call me with your questions, comments and concerns, I can’t help you!
Did you know… That I have access to physical precious metals at wholesale prices? Did you know… That I also have access to specialized programs that noboby else can offer you? Did you know… that I also have access to specialized knowledge? What I mean is that I have access to this specialized knowledge through my close associate and collegue Mr. Bill Murphy.
Mr Murphy has over 30 years experience as a financial advisor specializing in wealth management and estate planning. He was considered one of the top brokers nationally for both AG Edwards & Sons and Raymond James Financial. In May of 2008 he started his own private consulting firm where he instructs business’s & individuals on how to properly allocate funds for diversification and protection.
I have a tremendous amount of respect for this man and his knowledge – So when you work with me, you not only get the best insight on the precious metals market, but you also have the benefit of getting a non-bias, third party opinion on equities, retirement and estate planning.
Between the both of us, you get over 40 years of specialized knowledge working for you for free! We work in accordance with your financial goals, not ours – but keep in mind… With the calamity in the financial system today, this is more about the return OF your capitol, NOTa return ON your capitol.
Utilize the knowledge at your fingertips – You don’t have to do this alone. There are people like Mr. Murphy and myself that want to help you – Let’s do this together!
IN FACT: I’ve asked Mr. Murphy to write a special report for us next week, and he has agreed. I think you folks will really enjoy it and get a lot out of it – So stay tuned…
For those of you still in a state normalcy bias, the time shake it off is now! Sure, we could get a rebound in stocks, although its unlikely whereas we broke every support level on the way down. But if you do see a rebound in stocks, If I were you , I’d be selling into strenght, not waiting for a full rebound because its not going to happen. The damage is already done!
Remember, Gold & Silver work as an insurance policy – Thats it. It’s not a get rich quick scheme. They are doing exactally what they are designed to do. While people are panicking about equities, the first reaction is to sell and go to cash. Once in cash, the savvy investor then looks at a broad range of opportunities, then he finds safe, undervalued assets to park the money – It doesn’t happen immediately.
TODAY’S TOP STORY
WalMart To Fire 16,000 As It Closes 269 Stores Globally – When the world’s largest retailer bowed to pressure to raise wages for its lowest-paid employees, the living wage crowd cheered. In short order, it became apparent that the reverberations from the $1.5 billion endeavor would spell trouble for the company.
Friends, What does it say about the growth of our economy when the worlds largest discount retail chain is closing 269 stores? Also, the entire holiday retail number came in much worse than expected… In fact Retail Sales in U.S. Decrease to End Weakest Year Since 2009
This is not a healthy economy friends. With oil plummeting to the $20 handle and gas pumps showing low prices of $2 or less – That should have given Mom & Pop more money to spend at Christmas time right?
With all of this horrible data, The FED thinks it was OK to raise rates? In the failing economy they created? And moreover, I heard that once again the request to audit the FED had been denied by the high courts – Are someones pockets being lined? Why not put the question on a voting ballot in November and let the citizens vote?
Here It Comes: New York Fed President Says “If Economy Weakens Further, Would Consider Negative Rates” – Remember when the Fed’s dots – less than a month ago – suggested there would be 4 rate hikes in 2016? Ah, the memories. Well, you can not only forget that (now that the market is estimating the next rate hike will come in October if ever), but it appears that the Fed will follow Kocherlakota’s advice after all and not only cut rates (the possibility of a January rate cut now is 10%), but will pass go, and collect negative rates:
“It’s All The Fed’s Fault” Santelli Rages, They “Will Certainly Turn Us Into Japan” – Who is to blame for all this volatility? CNBC’s Rick Santelli scoffs at the growing mainstream media’s recognition that The Fed is to blame for daring to raise rates – “a group of unelected officials ruining the party and taking away the punch-bowl.”
Santelli’s problem is that “every time the picture of the world was not what The Fed wanted us to see, they changed the channel,” and now they are cornered in their lies, “all along The Fed should have been honest about the true quality of the jobs data.. and now they are force to tell the truth about it, they risk losing all of their credibility.”
“The notion that a small group of people should control the price of money should be under review,” Rick rages, warning that “if stocks are rallying because The Fed is retreating, we certainly will turn into Japan.”
Empire Fed Crashes At Fastest Pace “Since Lehman” –Empire Fed printed a disastrous -19.37 – the largest miss on record. New orders collapsed, shipments plunged, and employees and workweek continue to contract. Forward-looking employment expectations also plunged. The last time Empire Fed crashed to these levels was the immediate aftermath of the Lehman bankuptcy and the global financial crisis and the peak of the recession in 2001
RBS cries ‘sell everything’ as deflationary crisis nears – Clients told to seek safety. ‘This is about return of capital, not return on capital – Know the defference. In a crowded hall, exit doors are small’
MUST UNDERSTAND: Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill – The BDI is one of the key indicators that experts look at when they are trying to determine where the global economy is heading. And right now, it is telling us that we are heading into a major worldwide economic downturn.
So. Gen. Albert Edwards Hits Peak Pessimism: “S&P Will Fall 75%”, Global Recession Looms – With asset prices still sitting near nosebleed levels after seven years of bubble blowing by a global cabal of overzealous central planners with delusions of Keynesian grandeur, some fear a dramatic unwind is in the cards and that this one will be the big one, so to speak.
Emerging-Market Turmoil Spurs IMF Call for New Crisis Financing – Could this be the year that emerging markets finally get a short-term crisis credit line through the International Monetary Fund? Citing growing financial and growth strains in emerging markets, IMF chief Christine Lagarde resurrected the idea Tuesday in a speech at the Bank of France.
Now, Onto ways to protect your wealth in a storm…
The next time you question yourself about buying gold or silver, please refer back to these links – especially if you think you have enough or if you are questioning if the price is right at these levels.
Remember, nothing and no one is bigger than the market and everything will find its true and right value. However, with the strong manipulation from the FED and Big Banks, these valuations will seek their rightful levels much faster as the system starts to crack – That’s already been proven right in the global equities markets.
BREAKING NEWS: Mexico’s Silver Production Declined Over Past Two Years – In a surprising update, the world largest silver producer actually experienced a decline in silver mine supply over the past two years. This is quite remarkable as several analysts and official sources reported or perceived that Mexico continued to shown an increase in silver production.
Gold prices will spike 30% – Gold will shoot up to $1,400 an ounce, according to Jeff Gundlach, the CEO of big bond house DoubleLine Capital. That would be a gain of about 30% from gold’s current price of $1,090. Gold will shoot up to $1,400 an ounce, according to Jeff Gundlach, the CEO of big bond house DoubleLine Capital. That would be a gain of about 30% from gold’s current price of $1,090.
Get Ready For April 2016 – China Warns Foreign Banks: Participate in the Chinese Yuan Based Gold Price Fix… or Else. Foreign banks that traditionally support the London and New York dollar denominated gold price fixes may lose Chinese gold import rights if they do not support the soon to be launched Chinese Yuan gold price fix. Chinese Yuan gold price fix anticipated to give China greater pricing power over gold.
Another MUST READ:
Right now there is very exciting news in the silver market. The largest investment bank in the country today is JPMorgan Chase & Co. In 2012, they held 5 million ounces of silver in their corporate account. However, recent reports have revealed that JPMorgan Chase now holds a staggering 55 million ounces of silver! That’s an increase of over tenfold in just 3 years. This April, alone, JPMorgan Chase purchased 8 million ounces. That’s a lot of silver for anyone to buy—even an investment giant like JPMorgan Chase. What could they possibly know about silver that we don’t?
Let me tell you what JPMorgan Chase’s CEO, Jamie Dimon, said in a letter to his shareholders, “Some things never change – there ‘WILL BE’ another crisis, and its ‘IMPACT’ will be felt throughout financial markets.”
So here we are. The CEO of the country’s largest bank is telling his shareholders – THERE WILL BE another crisis – and to protect shareholder value, they are buying silver by the hundreds of tons.
Don’t you think it’s time that you consider owning physical silver?
Need another reason?
$20 an ounce. That’s the all-in production cost it takes the average mine to process one ounce of silver. Right now silver is trading at around $14 an ounce. That’s nearly 30% lower than its production costs!
The last time you could purchase silver below its production costs was 2002. Guess who famously bought 30% of the world’s above ground silver supply back then?
Warren Buffett. Two years later he doubled his money.
So, JPMorgan Chase & Warren Buffett, two of the most successful investors on the planet, both stocked up on silver at a price below production cost. Buffett bought right before a crisis happened. JPMorgan is buying right before what they think will beanother financial crisis.
Stocks are at record highs. Debt is soaring. Uncertainty in the world is at historic levels. Silver is on sale right now and JPMorgan Chase knows it—just like Warren Buffett knew it in 2002. Now that you know it, will you let this opportunity pass.
And the WTF story goes to…
Banks to launch 2nd tranche of “gold bonds” on Jan 18 -The scheme is aimed at reducing demand for gold in physical form by encouraging people to buy the commodity in demat or the paper form.
You see guys, investors want physical gold and the governments are creating these paper proxy’s to do what ever they can NOT to allow the physical to get in your hands – This alone should make you want to be overweight physical. When was the last time the establishment did anything good for us. If they want it out of our hands so bad, then it must be damn good for us!