Nenner Research Says Gold bottom near, Market top also near

Nenner research says:
– gold is near a bottom.
– markets near a top.
– bonds about the turn.
– grains will bottom in next few months.

See interview here.

Comments Off

Could this be China’s Lehman Black Swan Moment?

Very interesting read about changes in how copper will be used, or not, in China. Zerohedge’s last paragraph abouts sums it up. “In brief (pun intended): a complete, unpredictable clusterfuck accompanied by wholesale liquidations of “liquid assets”, deleveraging and potentially a waterfall effect that finally bursts China’s bubble, all due to a simple black swan. [...]

Gold Demand in Dubai 10X Normal Since April Gold Crash

More evidence that physical gold is in significant demand, not just in China and India but also in the Middle East. See Article here.

Could $500/oz Gold Premiums Be In Our Near Future?

According to Jim Willie they may be. Jim appears to have some contacts in Dubai that are telling him, like everywhere else, there is no gold/silver available. The interesting part is that his contact says gold premiums could rise to $500-600/oz over the next couple months for gold in volume. He also mentioned to Jim [...]

Italian Bank CEO Thinks Confiscation Should Be Part Of Basel Agreement

He’s basically saying that everyone should agree to confiscation so money can’t jump from country to country. No one can say they haven’t officially been warned… See article here.

Dutch Bank ABN AMRO Defaults On Gold Deliveries

No wonder they are pushing gold down so much. They don’t want to have to pay out any more cash than they have to in order to cover these obligations. See link here.

Provision In Canadian 2013 Budget For Bail-in’s

This is scary but not terribly surprising… The official 2013 Canadian budget contains an explicit provision that Canada will pursue the bail-in model for systemically important banks for future bank failures! Titled ECONOMIC ACTION PLAN 2013 From Plan 2013 Page 144: (pg 154 of pdf) “The Government also recognizes the need to manage the risks [...]

Cyprus President’s Friends Move $4.5 Billion Out Before Crisis

This is conjunction with 10,000 uber rich being left holding the bag will definitely put a price on the Cyprus presidents head but will also cause all the rich to flee Europe. Hope other European banks are ready… See link here.

Jim Sinclair Says Cyprus Could End Badly Due To Russian Money Being Taken

Sinclair says this IMF taking of up to 10% of deposits are mainly Russian deposits and could have significant impact on gold. See link here.

Bank Run In Cyprus – Government Takes Portion Of Deposits As Bailout

Innovative way to bailout banks… See link here.