Implode-Explode Heavy Industries news feed

Leap 2020: with record stock exchange highs, the planet's imminent plunge into recession

Sun, 19 May 2013 11:46:42 GMT

``In short, a world recession is on the horizon (6). To protect themselves from its impact, the different players, beginning with the banks, use different strategies which we will now analyse.''

"Porky" (The Dollar Index) Charges Back

Sun, 19 May 2013 03:57:57 GMT

``Regardless of the long-term trend, a move toward 88 on the POSX is going to keep paper metal under some serious pressure. Brainless computers and money managers will only see the "rallying dollar" and use it as rationale to sell metal. What does this mean? In all likelihood, there's a pretty good chance I'm going to have to eat that hat after all. Ugh. Gold looks almost certain to retest the lows of April 15-16 near $1320.... depending upon where you measure it, gold would then be very close to a perfect, 38.2% retracement of its bull market.''

Germany Imposing a Glass-Steagall-Like Act with Teeth

Sun, 19 May 2013 03:54:56 GMT

``Germany is drawing a bright line between proprietary trading in banks and customer deposits. They are not merely separating the two, but they imposed criminal sentences for directors of banks and insurance companies if they fail to fulfill their supervisory duties in risk management or contravene an array of banking supervision.''

HKMEX to Cease Trading Monday -- Is it A "Soft Default"?

Sun, 19 May 2013 03:54:24 GMT

``We suspect that come Monday morning, more than one Chinese investor who believed he owned a gold position (and learns that in fact he held paper) will immediately attempt to source and take delivery of physical metal. As the Shanghai Gold Exchange appears to have stopped delivering gold as well, we suspect that the LBMA may be in for a bit of a physical run. ''

Five Incredibly Important Gold & US Dollar Charts

Sat, 18 May 2013 04:16:40 GMT

``the trend low at $1,321 should be tested and we still believe a move down to the $1,260 can be seen before the market stabilizes. However, we continue to believe lower lows can be seen over the coming weeks. The large double-top pattern that formed throughout 2011-2012 suggests a more aggressive move down towards $1,260. '' -- While it may suck, so far these guys have been spot on.

"This Catastrophic Monetary Situation Is Entering The Terminal Phase" - Embry

Sat, 18 May 2013 03:29:03 GMT

``... as I said earlier it will all resolve itself because there are enough people in this world that realize that the paper money system is in its terminal state. When that comes to an end, and I think it's going to be sooner rather than later, gold and silver will truly assert themselves. We're not talking about gains of 50%. We are talking multiples of the current gold and silver prices, and that includes the shares as well." ''

"The World Paper Council"

Sat, 18 May 2013 03:09:55 GMT

... in response to the current, massive, gold supply-deficit to the gigantic Indian market... a series of articles came out in the mainstream media, where bankers proposed "solving" this gold supply-deficit by selling Indians lots more paper-gold. In other words, they were going to increase the supply of gold by selling paper-gold.
Obviously the only, possible way in which selling "paper-gold" can increase the total supply of gold is if the bankers are simply selling paper and calling it "gold." Given that bankers have a track-record of selling paper and calling it "gold" which literally traces back to the "money-changers" of a thousand years ago, this is hardly a revelation.

German growth too weak to lift eurozone from recession

Fri, 17 May 2013 22:05:37 GMT

``The eurozone economy continues to shrink as Germany's economy grew by a meagre 0.1 percent in the past three months, while France slid back into recession, according to data from the EU statistics office Eurostat published on Wednesday (15 May).''

European Finance Ministers Split on Way Forward for Banking Union

Fri, 17 May 2013 22:02:47 GMT

``European leaders had hoped to quickly finalize plans for an EU banking union to regulate bank bailouts and provide a roadmap for unwinding insolvent financial institutions. But with the German election looming, Berlin is wary of moving forward. The result could be a lengthy delay.''

Dax Future Triggers Stops, Goes Parablic, Launching Late Day Megaramp

Fri, 17 May 2013 20:11:20 GMT

``That is the Dax; This is the Dax on low-volume, mega levitation drugs, at 9pm on a Friday in Germany, when out of nowhere someone goes on a mega buying spree in the Dax futures, and sends global risk assets, and FX pairs, surging. Is Bernanke LBOing Germany? ''

Japan - Green Light to Crush Yen

Wed, 15 May 2013 23:34:58 GMT

``As noted in the Wall Street Journal, "The G-20 communiqué offered a message that "countries can continue to devalue their currencies so long as they don't explicitly say they want to devalue their currencies. This contradiction between economic word and deed shows the degree to which policymakers have defaulted to easy money as the engine of growth.''

New Pew Study Finds Europeans Losing Faith in EU Project

Wed, 15 May 2013 13:18:57 GMT

``"The European Union is the new sick man of Europe," read the survey's opening lines. "The effort over the past half century to create a more united Europe is now the principal casualty of the euro crisis. The European project now stands in disrepute across much of Europe." ''

William Kaye - How A Criminal Syndicate Of Banks Is Raping The Gold Market

Wed, 15 May 2013 13:16:00 GMT

``What they (then) do is the bullion banks sell the physical gold, which they acquired at a very attractive price, at a profit in Asian (trading) time. So there are two sources of profit: One is the arbitrage profit, which occurs in New York time, and the second is the profit off of the discounted, manipulated physical price that they receive for selling at a higher level in Asia.''

von Greyerz - The Move To Global Hyperinflation Is Now Accelerating

Wed, 15 May 2013 13:12:01 GMT

I'm looking at the disconnect in the world and it's becoming more exacerbated. Let's look at some examples: Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits.
... what we are seeing here with the booming stock markets and weak currencies is a clear sign of the hyperinflation that is guaranteed to come. The booming stock market is the first sign of hyperinflation. That is always the case.

As a the currency continues to fall, inflation in the economy will only increase. So starts the vicious circle of falling bond prices and currencies, leading to a hyperinflationary depression. It looks like Japan will be the first to encounter this, but many will follow.

Gold Demand in Dubai Now Running at 10x Normal Levels

Wed, 15 May 2013 02:53:15 GMT

`` Incredibly, we find that since the April paper price crash, 50 tons of gold has been purchased, which is the equivalent of the entire amount of 51.8 tons purchased in all of 2012.''

India's Banks & Trading Houses Only Receiving 10% of Gold Ordered

Wed, 15 May 2013 02:51:59 GMT

``The recent takedown in the price of gold has created huge demand for physical bullion worldwide. India's wholesale buyers are only receiving a tenth of the gold imports that they have ordered.'' -- The physical market has been completely broken. Now the gold (and silver) price is meaningless, if you have a 90% chance of NOT getting what you ordered at the wholesale "price"....

Orders For Gold Go Unfilled In Asia

Wed, 15 May 2013 02:48:48 GMT

``Oh, wait. I get it now. You deal with real market demand by declaring a defacto force majeure. Meanwhile, the paper market continues on unimpeded. Could the Comex and LBMA be next for force majeure? Nah.''

Russia's Plan For The BRICS To Dismantle The Dollar System

Wed, 15 May 2013 00:21:18 GMT

``In Russia, politics are Byzantine; the fact that the Kremlin decided not to hide the document or leak it to a chosen few journalists, but publish it outright is a very strong signal, a very vocal angry signal directed at the US... A whole chapter of the strategy document is dedicated to step-by-step instructions on dismantling the existing global financial system.''

Turk: US Debt Compounding, Stock Market Going Pre-Hyperinflationary, Gold Fair Value $12,000/oz

Sat, 11 May 2013 23:20:47 GMT

... the government looks like it's probably at the stage where it needs to borrow just to start paying interest. When that happens you are in the early stages of hyperinflation. Maybe that's what the stock market is telling us because when you do have hyperinflation, you see the stock market going up and up, not because of valuations, but because people are exiting the currency.
So, to answer your question, Eric, longer-term my targets are still very much in place. My GoldMoney Index shows that the fair value of gold is now $12,000 per ounce. If we get anywhere close to that and the gold/silver ratio falls down to 20, which is closer to historical norms, we are talking about a silver price of $600 per ounce.

Psst... Did You Hear About The Semi-Secret G20 Global Financial Restructuring Meeting This Past week?

Sat, 11 May 2013 20:26:58 GMT

``Did you know there was such a thing as the "Reinventing Bretton Woods Committee"? Wouldn't you like to know how the panel discussions of "international financial architecture" or "flow of global investments" went? Also, it was "expected that new instruments and incentives for making the global financial system safer will be suggested". Oh, really? That sounds interesting. But of course, CNBS doesn't care. Their main story right now is "Forget Software. Hardware Is Where It's At!" ''