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from Financial Survival Network
  We caught up with Diana Zoppa again after a brief hiatus. The scandalous administration is getting more scandalous by the moment. More and bigger scandals are no doubt on the way. Next, we talked about new and different ways to save you money. There’s an infinite number of ways for you to save; you just need to use your imagination and the internet. Where there’s a potential purchase, there’s a definite discount to be had.
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from Financial Survival Network
 Ned Schmidt is a regular guest on FSN. US Jewelry demand has increased for the first time in 7 years. A share of Google is going for over $900, whereas an ounce of gold is trading under $1400 the ounce. Which one should you buy? Well to coin a phrase from the title of my book, Go for the Gold! (and Silver too). Ned’s analysis has been spot on. He loves buying valuable assets at a substantial discount, like gold and silver right now. He’s sees major inflation up ahead and gives the current example of record high beef prices. And this is only the beginning.
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from Financial Survival Network
 Rob Hanus is a former marine and life long prepper. He doesn’t live in a bunker in some remote area of the country. Rather, he’s developed some commonsense methods of insuring his family’s survival during an unexpected emergency. Just because something is unexpected doesn’t mean that you can’t plan for it. The key is planning before disaster strikes. It isn’t expensive or difficult, but you need to do it now. Of course it doesn’t hurt that Rob’s wife works at our sponsor, PrepareWise. It’s a great place to start preparing.
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from Financial Survival Network
 Rico Racosky’s high school guidance counselor thought that a 4 year college was too challenging for him. He suggested that Rico attend a junior college and see what happened. Rico was surprised. He didn’t accept the advice but he didn’t get angry or ashamed either. Instead, he made a choice, and that choice made all the difference. It all comes down to two choices, yes or no. Your choice either brings you closer to your goals or puts them further away. You decide! And this is extremely empowering and helps get you where you want and need to be.
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from Russia Today
Warships from Russia’s Pacific Fleet have entered the Mediterranean for the first time in decades. Russia’s Navy Chief says the task force may be reinforced with nuclear submarines, as the country starts building up a permanent fleet in the region.
“The task force has successfully passed through the Suez Canal and entered the Mediterranean. It is the first time in decades that Pacific Fleet warships have entered this region,” the Pacific Fleet spokesman, Capt. First Rank Roman Martov told RIA Novosti.
The vessels are now heading to Cyprus and will make a port call in the city of Limassol, he added.
The group includes destroyer Admiral Panteleyev, two amphibious warfare ships Peresvet and Admiral Nevelskoi, as well as a tanker and a tugboat.
Continue Reading at RT.com…
by Martin Armstrong
Armstrong Economics
 Thank you for all the fan mail on the Dow to offset the hate mail on the metals. The objective is to expose the real world we live in and how domestic policy objectives are really held hostage to international capital flows. We are really trying hard to get everything up and running ASAP. Many are starting to realize why we were the largest institutional advisers ever. This is not about personal opinion. It is about monitoring the world and explore how it functions forgetting the nonsense of one dimensional relationships that always flip and fail anyhow. When you see the world as one entity, you are on your way to becoming a savvy investor.
The following is a passage from the updated Greatest Bull Market in History we hope to have out by the end of the year covering the evolutionary process. It has been extended dramatically expanding the time frame before and after. Here is a period where during the War the Fed was ordered by Congress to support the US debt at PAR despite the fact that inflation was soaring. This illustrates the problem with politicians. They try to have their cake and eat it too.
Continue Reading at ArmstrongEconomics.com…
[Ed. Note: Central banks "saved" the world economy in roughly the same way that hired goons might "save" your kneecaps, assuming that you pay them enough.]
by Alister Bull
Reuters.com
 (Reuters) – Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday.
In its most detailed survey so far of the dramatic measures taken to counter the damage from the 2007-2009 financial crisis, International Monetary Fund staff repeated earlier assessments that the steps had worked but face diminishing returns.
However, in new research, they also said central banks could face severe losses when they begin to withdraw the extraordinary sums of money they have pumped into financial systems around the world.
Continue Reading at Reuters.com…
by Jan Skoyles
The Real Asset Co
On the 12th and 15th April gold fell victim to a price smash.
Why this happened is something which is open to much analysis and theorising. For the mainstream media it was down to an improving global economy and the need to hold gold no longer existed, for those in the world of gold investment this was perhaps down to more of the politics behind the gold-market than the economics.
On April 12th 3.4 million ounces (100 tonnes) of gold was sold in the US futures markets. This was just for starters, the main, side and dessert appeared over the following hours and the next session on the Chicago Mercantile Exchange (COMEX).
Continue Reading at TheRealAsset.co.uk…
from King World News
 Today 50-year veteran Art Cashin warned King World News that the shorts are now being squeezed in the stock market. Cashin, who is Director of Floor Operations at UBS, also warned that the stock market may now see a parabolic move to the upside.
Cashin: “What we are seeing (in the stock market) is people who are short are hurt, and people who are underinvested are being punished. You can almost feel the pain in the buying … So whether you call it, ‘Hold your nose and buy them,’ or ‘Have a gun to your head and buy them,’ that’s what’s been going on.”
Continue Reading at KingWorldNews.com…
by Andrew Hoffman
Miles Franklin
Read the Thursday Afternoon Wrap-Up for 5/16/2013 and the Friday Morning Commentary for 5/17/2013
Sometimes pictures tell more than words; so I’m going to show you some graphics that prove TPTB may have won the recent “battle”; but are MASSIVELY losing their “war” against REAL MONEY – a war, I might add, they have ALWAYS lost…
Research shows ALL Paper Money Systems Failed
Whilst PAPER PM prices were violently attacked during mid-April’s “ALTERNATIVE CURRENCIES DESTRUCTION”…
Continue Reading at MilesFranklin.com…
from Zero Hedge
 Much has been made of equity inflows this week (though we note a significant outflow from high-yield bond funds – just as risk-on in its nature) and once again the money-on-the-sidelines fallacy is hawked at every opportunity. Two critical aspects are important to get past this ‘fact’ as some positive driver. First, money does not ‘enter’ the market, it is swapped (e.g. Person A’s cash is used to buy shares from Person B; after the transaction the roles are swapped with Person B holding cash on the sidelines and Person A holding shares); and secondly, as Morgan Stanley’s Gerard Minack notes, despite all the disclaimers – retail flows assume that past performance is a good guide to future outcomes. Consequently money tends to flow to investments that have done well, rather than investments that will do well.
Continue Reading at ZeroHedge.com…
from SRSRocco Report
There seems to be a great deal of the yellow metal heading out of the United States and into certain foreign countries lately. According to the USGS, the United States exported 129 metric tonnes of gold Jan-Feb, 2013. At this rate, total U.S. gold exports could reach 700-800 metric tonnes this year. With the recent take-down in the price of gold in April & May, I would imagine the United States is more than likely going to reach that figure.
If we look at the chart below we can see just who received all this gold:
The figures in the chart represent gold in refined bullion, Dore’ & precipitates. The U.K. received 7.4 metric tonnes in Jan and 11.5 more in Feb for a total of 18.9 metric tonnes. Hong Kong came in second by importing a total of 40 metric tonnes (Jan-Feb) from the United States, while Switzerland received 43.5 metric tonnes.
Continue Reading at SRSRoccoReport.com…
by Dan Norcini
Trader Dan Norcini
 Gold has come off of one horrific week in terms of price action. As noted on the price chart, the metal pushed into the region where it recently had its LOWEST CLOSE in some time. You might recall that after the spike down towards $1320, physical demand was unleashed in what can only be described as a torrent. That demand spooked bears and resulted in a wave of short covering that took price nearly $160 off that low. It was at that point that the big selling re-entered.
The resistance at $1485 – $1475 proved to be a bridge too far and down went the metal. It encountered some decent buying near $1440 but once that gave way, especially once $1420 collapsed, sell stops did the rest. Once it lost its “14″ handle, many buyers stepped back, expecting that downside momentum would enable them to acquire the metal even cheaper.
Continue Reading at TraderDanNorcini.Blogspot.ca…
[Ed. Note: Stop for a moment and consider.... Most North Koreans don't generally light themselves on fire "due to economic hardship." Somolians, Bangladeshis, and Zimbabweans don't generally light themselves on fire "due to economic hardship." When someone commits this act in a G20 nation, it's very sad, but let's get real here... It's total nonsense.]
from Liberty Blitzkrieg
 Nothing says recovery like citizens in debt setting themselves on fire due to economic hardship. In this tragic case, Antony Breeze self-immolated after being preyed upon by payday lending companies that began to harass his father. Similar stories are sure to reach U.S. shores before too long, particularly considering how TBTF domestic banks are partnered up with payday loan companies charging up to 500% interest. From the Daily Mail:
A debt-ridden father doused himself in petrol and turned himself into a human fireball after being harassed for money by payday loan firms.
Continue Reading at LibertyBlitzkrieg.com…
by Mac Slavo
SHTF Plan
 Were you to look at official government statistics that calculate our rate of price inflation for food, energy, clothing, and other consumer goods, you’d think that prices were as stable today as they were under the gold standard.
According to the Bureau of Labor and Statistics, the CPI (Consumer Price Index) inflation rate remains well below the Federal Reserve’s 2.5% threshold. Insofar as the government is concerned America’s core inflation rate is just 1.7%, a testament to the economic prowess of our central bank and Chairman Ben Bernanke.
And because there is no significant price rise being realized in consumer goods based on the government’s calculations, the millions of Americans dependent on disbursements like social security, disability assistance and nutritional food support will see no adjustments to their monthly stipend. And why would they? Prices aren’t rising!
Or are they?
Continue Reading at SHTFPlan.com…
by Pater Tenebrarum
Acting Man
 JGB Rallies Back to Former Support – And Turns Down
We may just have seen what is known as a ‘good-bye kiss’ among technical traders in the JGB market. The JGB contract rallied back to its former lateral support at the 143 level overnight and then turned back down from there. Below is a chart illustrating the action. We hasten to add that it is still too early to call this a definitive breakdown, but it is something we are watching closely. We continue to believe that the whole world should keep its eyes glued to this market – it is the most likely source of trouble for the current ‘happy consensus’:
Continue Reading at Acting-Man.com…
from King World News
 Today Egon von Greyerz wrote the following tremendous piece with accompanying charts. King World News is extremely pleased to share this exclusive piece with our global readers. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in his outstanding piece.
The Most Productive Man In History
by Egon von Greyerz Founder of GoldSwitzerland
Continue Reading at KingWorldNews.com…
from The Value Guys
 The Value Guys are back after an extended vacation. Mo-Mentum was traveling to points unknown and Val was left to imbibe. They covered four stocks this week that had low price to cash flow and low sales to price. Hardcore analysis along with over consumption of adult beverages leads to cutting edge hilarious analysis. This week’s stocks: CSH, DV, FDX and GLT.
Click Here to Listen to the Audio
by Vivian Giang
Business Insider
 As the cost of education continues to rise, people are questioning the value of a degree. And according to Penelope Trunk, the founder of Brazen Careerist, 85% of people today are wasting their money — and time — in college.
“Colleges have been selling this idea that going to college will get you a job, but this isn’t the case any more,” she says. And if getting a college degree no longer guarantees you a job offer, then you need to really pinpoint your reasons for going. In fact, unless you’re really great at school or got accepted into a top ten school, “you should just go to work.”
In her recent article published on LinkedIn, Trunk advises young people to re-think college and focus on internships, saying that anyone can teach themselves the skills needed to be successful. She gives the example of an MIT program that gave iPads to illiterate kids in Ethiopia who then were able to teach themselves how to use it, program it and read it in English without a teacher or curriculum.
Continue Reading at BusinessInsider.com…
from Casey Research
 By the time you read this, I will be in Asunción, Paraguay, on my way back to the United States for summer.
As we are finalizing the preparations for our departure, I suspect – but can never know for sure – today’s missive will be brief.
In today’s missive, I plan on providing a book-end to the journey that started about seven months ago when our family moved to the remote Northwest of Argentina.
Argentines have a phrase, “mi lugar,” for when you find your special place in this world – the perfect combination of place and people that entirely suits your nature. The phrase translates simply as “my place.”
Continue Reading at CaseyResearch.com…
A top Bank of England policymaker has doused hopes that the incoming Governor Mark Carney will be able to give the economy a boost following his arrival in July.
by Philip Aldrick, Economics Editor
Telegraph.co.uk
 Martin Weale, a member of the rate-setting Monetary Policy Committee, warned that more stimulus risked a damaging surge in inflation because price rises have already been higher than the Bank’s 2pc target for most of the past four years. The persistent overshoot, he said, “is a constraint on my freedom of action”.
“Failure to damp sufficiently any new shock pushing up on inflation would result in inflation expectations becoming more entrenched. That, in my view, limits the scope we have to support demand at the current juncture,” he told the British-American Business Council Transatlantic Conference in Birmingham.
George Osborne appointed Mr Carney on a ticket of “monetary activism” to help boost growth. The Chancellor has also asked the MPC to investigate how it might use “forward guidance” as an additional tool. But Mr Weale, who has been sceptical about the policy, suggested there is little it can achieve.
Continue Reading at Telegraph.co.uk…
from The Daily Bell
 Gen X Has New Reason to Resent Boomers as Retirement Looks Bleak … Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects, according to a study. The Pew Charitable Trusts said the typical Gen X couple, born between 1966 and 1975, only has enough savings to replace half of its pre-retirement earnings. Married Americans born during the first part of the baby boom, from 1946 to 1955, can expect to retire with about 82 percent of their income. The younger boomers, born between 1956 and 1964, can expect to quit work and make about 59 percent of pre-retirement earnings. – Bloomberg
Dominant Social Theme: The generations will have to do better … and fight for their own. The heck with other generations.
Free-Market Analysis: In the dominant social theme, above, we’ve tried to illustrate the animosity that often accompanies the analysis of the “generations” in the US and abroad.
Generations are fairly amorphous things, but because the schematic is repeated over and over again in the mainstream media, people tend to believe them. And resentment is often whipped up because of them.
Continue Reading at TheDailyBell.com…
from Zero Hedge
 The emir of Qatar is a busy man: in addition to providing funding and weapons to the mercenary group formerly known as Syrian “rebels” in order to boost his already incalculable wealth and promote his LNG interests in the region over those of Saudi Arabia, in the process isolating Russia as the marginal provider of energy to Europe and furthering western interests even if it means escalating the Syrian civil war, he is also diversifying his assets. And he is doing so in a way that would provide for a quick and painless getaway should things in his country turn sour (now that the US and Russian fleets are converging nearby, this is no longer a merely token possibility): by buying Greek islands. So now that the world has seen the “lead investors” step in, the uber-wealthiest are scrambling to copycat one of the world’s richest people and stake their own Greek island claim.
Continue Reading at ZeroHedge.com…
from King World News
 Today whistleblower Andrew Maguire told King World News that massive global physical demand reveals that gold is in fact in a full-fledged bull market. Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also spoke with KWN about what’s happening with GLD, bullion banks and the LBMA. Here is what Maguire had to say in part I of an extraordinary series of interviews to be released today.
Maguire: “Let’s take a minute now and take the blinkers off of this so-called ‘bear market’ in gold. You cannot have a bear market when even the officially reported demand is surging to its highest levels in 18 months.
Continue Reading at KingWorldNews.com…
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
 French president Francois has had enough of austerity but claims he “cannot do it alone”. The Financial Times reports François Hollande goes on ‘offensive’ over stalled EU economy.
François Hollande promised an “offensive” to bring “more growth and less austerity” to Europe as he launched a bid to resurrect his presidency.
Mr Hollande said the first priority of his second-year “offensive” was a four-point plan to “get Europe out of its torpor” – concentrating on combating youth unemployment and a strategy of investment. “The number one objective is changing Europe’s direction to have more growth and less austerity,” he said.
“I cannot do it alone,” he said, adding that the European Central Bank could “put in liquidity, as is happening in Japan, which has allowed a fall in the yen and helped exports”.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
But how long will these fantastical odds last?
by Adam Taggart
Chris Martenson’s Peak Prosperity
Everyone knows the odds of winning in a casino are worse than 50% (often much worse depending on the game played). So who wouldn’t rush to a casino where, instead, the odds were overwhelmingly in the gambler’s favor?
That’s the promise of today’s stock market, which has been experiencing an aberrantly high percentage of up days all year. Toss your money into the market and on any given day, you’re much likelier to make money than not.
So far, May 2013 has been a gambler’s paradise, in which a whopping 76.9% of the trading days for the S&P 500 have been up:
Continue Reading at PeakProsperity.com…
by Richard (Rick) Mills
Ahead of the Herd
 Many, many years ago during a lengthy argument with a friend he told me to ‘give it a doubt’ – he meant I was wrong.
The herd is convinced the commodities boom is over. Doom and gloom, the sky is falling, the bears argument sounds convincing – growth has stopped, economies are slowing. Looking at the TSX.V’s performance (most of the world’s mineral exploration firms call the Venture Exchange home) it’s as if people are convinced the need to search for, develop and mine new mineral deposits is over.
According to Bloomberg the U.S. economy may cool to a 1.6 percent pace in the second quarter, after growing at a 2.5 percent rate in the first three months of 2013.
U.S. industrial production fell by the most in eight months – a gauge of factories in the New York area fell to minus 1.4 this month from 3.1 in April.
Continue Reading at AheadOfTheHerd.com…
by Adam Hamilton
Zeal LLC
 The levitating stock markets continue to seductively entrance traders, powering to new nominal record highs day after day after day. No one believes a meaningful selloff is even possible anymore, thanks to the vast deluge of central-bank monetary inflation. Sheer euphoria has set in as all perception of risk has vanished. This makes these stock markets extraordinarily dangerous, they are truly at topping extremes.
As of Wednesday, the flagship S&P 500 stock index (SPX) had rallied to new nominal record highs in 11 of the past 13 trading days. It blasted 4.8% higher over this short span. If sustained for an entire year, this blistering rate of ascent would nearly double the stock markets! This latest euphoric surge extended the cyclical stock bull that was born way back in March 2009 to a massive 145.2% gain over 50.2 months.
Continue Reading at ZealLLC.com…
by Brendan Conway
Barrons.com
Short answer: Probably, at least to some degree. And exchange-traded funds were an important tool in carrying it out.
The most recent data show that Wall Street’s big firms are, at minimum, excellent trend followers, and potentially also the trend’s driver. Here’s how we know that: The tight correlation during the first quarter between gold’s price moves and the flow of money in and out of gold ETFs, such as SPDR Gold Trust (GLD), plus investment advisors’ quarterly portfolio disclosures, which came in the last few days.
There’s been a 92% correlation between the number of gold ETF shares in the market and the change in gold’s price, JPMorgan Chase derivatives strategist Marko Kolanovic shows this morning in a client email. It means that ETF users are either right on target with the trend, or they’re helping create it (probably both).
Continue Reading at Blogs.Barrons.com…
from Jesse’s Café Américain
 “Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable.” – London Banker, Lies, Damn Lies, and Libor
There are a number of ways to account for it, but this divergence between ‘market prices’ and real world supply and demand fundamentals is at the heart of a problem that is called ‘the mispricing of risk.’
That same sort of mispricing of risk is what led to the recent financial crisis, as the values placed on Collateralized Debt Obligations began to plummet from their artificially high levels, abetted by a credit bubble caused by the Fed policies, control frauds, and lax regulation. The mispricing of risk was also at the heart of the LIBOR rigging scandal, and the gaming of the energy markets by both Enron and more recently JPM, as it is alleged. These paper games always have real world consequences, and they are rarely beneficial except for a few.
Continue Reading at JessesCrossroadsCafe.Blogspot.ca…
by Jim Sinclair
JSMineset
 The US Dollar:
The one and one only real present flow of money into the dollar. It is a product of the broad discussion of what is certainly coming in finance. Bail-in is a strategy that confiscates major funds that are on the statement of large depositors to fund a bankrupt bank. Most of the public conversation about this has centered on Euroland. It would be natural for large depositors to flee Euroland for other places like the USA. That is of course falling from the frying pan into the fire.
If you shift deposits it should be to other than entities within Western financial system. Holding cash is quite sane when all you get on it is 1% interest and you take all the risk of the solvency of the institution.
Continue Reading at JSMineset.com…
by David Schectman
Miles Franklin
 The three-headed monster. That’s what you get, here at Miles Franklin. You get the commentary from David Schectman, founder; Ranting Andy Hoffman, Marketing Director; and Bill Holter, Cowboy, ex-Wall Street brokerage executive. We all follow the same industry icons (including John Williams, Jim Willie, Bill Murphy, Jim Sinclair, Richard Russell, Eric Sprott, Ted Butler, Gerald Celente and others). But we re-package it in our own styles and with our own beliefs. All three of us have our own “following.” We are all giving you the same message, but presented with a different writing style and flavor. You get a lot of fabulous input here, and the cost to you is only your “time,” not your pocket book.
Continue Reading at MilesFranklin.com…
by the Casey Research Energy Team
Casey Research
 Like the United States, the European Union relies heavily on Russia and the Commonwealth of Independent States (CIS) for its uranium, as shown in the chart below:
[...]
Russia is projected to produce 64 million pounds per year by 2020. The majority – 40 million pounds – will come from Russia itself, and the remainder from its foreign projects in Kazakhstan, Ukraine, Uzbekistan, and Mongolia.
But there’s an often forgotten subsector of uranium production: the processes necessary to convert U3O8 into something that power plants can use.
For that purpose, yellowcake is first converted into uranium hexafluoride (UF6) at a conversion facility, then enriched, or concentrated, at an enrichment plant. Russia’s main conversion facility is at Angarsk, with a capacity of 42 million pounds of uranium per year. A small facility near Moscow, rated at 1.54 million pounds per year, primarily converts recycled uranium.
Continue Reading at CaseyResearch.com…
by Matt Insley
Daily Reckoning
 One of the main stories not being told about today’s oil market is the next round of turbulence set for the Middle East. It’s the oil war scenario, but with a new spin.
Last year when Byron King and I attended the Platts Crude Oil Conference, a main takeaway was an interesting OPEC break-even chart that shows how much money OPEC nations need to keep their governments funded. Take a look:
All’s well at $100 oil — all isn’t well at $80 oil. And all hell breaks loose if prices stabilize even lower at, say, $60…
Hold that thought.
Continue Reading at DailyReckoning.com…
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