from King World News
Today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world, and also recognized as some of the most unique work in the gold market. Below is the latest exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein.
By Ronald-Peter Stoferle, Incrementum AG Liechtenstein
October 24 (King World News) – Critical Moment In History For Gold & Two Shocking Charts
Continue Reading at KingWorldNews.com…
by Adam Hamilton
Battered silver remains deeply out of favor, recently plumbing miserable new lows after drifting sideways for most of 2014. This metal’s relentless and oppressive weakness continues to break the wills of long-suffering contrarians. But professional investors are taking advantage of the epically-bearish psychology plaguing silver. They’ve been steadily accumulating positions all year long in massive stealth buying.
Silver certainly wasn’t always a loathed market pariah. Back in early 2011, silver blasted up above $48 on widespread enthusiasm from investors and speculators. It was one of the 2000s’ greatest bull markets, up an astounding 1105% during a 9.4-year span where the benchmark S&P 500 limped to a 20% gain. The brave contrarians fighting the herd to buy silver low in the early 2000s greatly multiplied their wealth.
Continue Reading at ZealLLC.com…
from Zero Hedge
France’s President Francois Hollande states confidently that “everyone should respeoct treaties,” then ‘Junckers’ it with this stunningly hypocritical bullshit, “budget rules must be adapted” to support growth and France “has done what it has to do” on its deficit… one glance at the following chart suggests that Hollande has done nothing and has been enabled by Draghi… What a farce!!
Continue Reading at ZeroHedge.com…
by Adrian Ash
Gold prices fell to a one-week low at $1232.55 per ounce on Friday in London as safe haven demand was eroded after a rebound in U.S. equities and a strengthening dollar.
The 10-year U.S. Treasuries yields reached 2.25% and the Brent Crude contracts dropped 1% to $86.
The Euro vs the Dollar was hovering around the mid-October level, at 1.2643.
Gold prices recovered some of Thursday’s drop below last week close, to trade around $1232-1233 Friday lunchtime, a week low. Gold in GBP followed the same pattern. For the Eurozone investors, gold held over and above last week’s close.
Continue Reading at FinancialSense.com…
by Jeff Berwick
User agreements. They’re everywhere. If you did anything new today online, then there is a chance you had to sign a user agreement. Did you read it? If you’re anything like me, then probably not.
It might have looked like some of these.
While I deal with various companies and websites I find myself so often ignoring user agreements but signing them anyway. Apple is famous for their very long user agreements nobody reads. Most companies make you sign something if you’re going to be using their services and products. Most of these agreements go unread.
Some of them are quite colorful, like this iTunes agreement.
Continue Reading at DollarVigilante.com…
by Martin Armstrong
Today we need a closing ABOVE 16660 to show some neutrality. Friday was the main target for this week. Exceeding the Wed high yesterday set the tome for a possible high on Friday this week. The next turning point will be the week of Nov 3rd. A closing below 16660 will warn that the next target could still be a low.
Continue Reading at ArmstrongEconomics.com…
by Steve Goldstein
WASHINGTON (MarketWatch) — It’s going to take a little bit more than Ebola, eurozone pessimism and a rising U.S. dollar to turn David Rosenberg into a bear.
The chief economist and strategist at Gluskin Sheff, in his economic commentary, points out the leading economic indicator released Thursday showed a 0.8% monthly advance and a 6.3% year-over-year gain in September.
This rate, he says, is consistent with annual real GDP just under 4.5%.
Continue Reading at MarketWatch.com…
by Simon Black
I’m going to make you a deal.
For the rest of your life, I’m going to be your silent partner. You’re going to pay me 20% of everything you ever make. Forever.
In return, I’m not going to do anything. I won’t add value to your life or your business. In fact, I’m actually going to be destructive.
For the rest of your life, I’m going to make you fill out a bunch of stupid forms. If you own a business, I’m going to make you hire employees that you don’t need and incur all sorts of costs just to handle all the excess paperwork.
Continue Reading at SovereignMan.com…
by David Schectman
Relying on information from other people, I inadvertently published incorrect information on precious metals reporting requirements. We at Miles Franklin are not providing tax advice. What I am providing is what we (or any Precious Metals Broker) are required to report on as of today’s IRS regulations. Each Individual is responsible for their own tax reporting obligations and should seek advice from a licensed tax professional.
Here is what We are required to report and file a 1099, per ICTA and our primary wholesalers.
Continue Reading at MilesFranklin.com…
by Karl Denninger
How stupid are we again?
Health and New York City officials were trying Friday morning to follow the trail of a young emergency room doctor who traveled about the city for three days before being hospitalized for the Ebola virus.
The doctor, Craig Spencer, a member of Doctors Without Borders who had been working in Guinea, returned six days ago and reported Thursday morning coming down with a 100.3-degree fever and diarrhea. He was being treated in an isolation ward at Manhattan’s Bellevue Hospital, a designated Ebola center.
In the days before Spencer fell ill, he went on a 3-mile jog, went to the High Line park, rode the subway and, on Wednesday night, got a taxi to a Brooklyn bowling alley. Bassett said he felt fatigued Wednesday but not feverish until Thursday morning.
Ok, so this guy was over in Guinea working with ebola patients. He returned to the United States without going through an isolation period after not only being a known “hot zone” but actively working with patients with the disease and now he has potentially exposed a huge number of people in New York.
Continue Reading at Market-Ticker.org…
by Zeke Faux
Banks are starting to charge their customers for depositing large amounts of euros, passing on fees imposed by the European Central Bank, rather than paying interest.
Bank of New York Mellon Corp., which holds money for institutional investors, began charging for euro deposits on Oct. 1, Chief Financial Officer Todd Gibbons said today on a conference call. Goldman Sachs Group Inc. also is among firms with fees, and Credit Suisse Group AG (CSGN) has told clients it’ll pass along so-called negative interest rates, people with knowledge of their decisions said.
The reversal from paying interest to charging it comes after the ECB started charging 20 basis points, or two-tenths of a percentage point, in fees for funds parked at the bank. Brian Shea, BNY Mellon’s co-vice chairman, said clients have reduced their euro deposits a bit since the imposition of the charge.
Continue Reading at Bloomberg.com…
from Zero Hedge
From Russell Napier of ERIC
Easy’s Getting Harder Every Day
The job of the investor is to answer that impossible question, ‘ What is the correct valuation for this financial instrument?’ There is almost never a right answer to this question, but there are, of course, many wrong ones. Eliminating wrong answers, especially when valuing an investment which already discounts the future, is an important strategy in coming up with better answers than the competition.
So there is really good news for investors: the current, prevalent answer to the question, ‘What is the correct valuation for this financial instrument?’ is clearly wrong. It is demonstrably wrong because the answer is ‘Whatever the central bankers say is the correct value’. It is clearly wrong because it has never been true in the past. It was recognised as clearly the wrong answer as early as 1810 in the words of the so-called ‘ Bullion Committee’-
Continue Reading at ZeroHedge.com…