Oil Wars: U.S. Shale Oil to Crash American Economy.

  Plunging commodities and rising US Dollar are signalling deflation, will ECB QE save the world with Chinese stimulus now? Can FED really raise the rates in this situation? Yesterday's run on Gold could show us the things to come. FED Open Mouth Committee can start to talk the US Dollar down now. Euro is weak enough already to hurt US corporations earnings. Triple blow from killed Shale Oil, slowing export and going down earnings from overseas will put FED in the corner. Strong dollar means deflation - the very thing they are fighting against now. Once dollar will reverse its parabolic rise we can have our day with gold. Gold above $1,350 will bring this story back on the mainstream investors' radar screens.

Oil Wars: How Low Can Oil Go?

 How low can oil go? What will happen at $20 dollar Oil? Will this crash trigger another financial crisis and Great Recession?

Jim Rickards Discusses Future of Saudia Arabia.

   Oil is the wild card played last year on the backdrop of all Currency Wars. Now the Shale Oil related financing could bring the shock to the whole financial system again. 

Next Meltdown: Oil Crash And Derivatives 10 times The Size Of The Global Economy.

Just one more thing to get you started your own research. Is it one of the reasons why China is buying so much Gold now?

David Morgan: Oil, Derivatives And Unbelievable Lack of Trust in the System.

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

   "Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?"

Oil Wars: How Low Can Oil Go?

  How low can oil go? What will happen at $20 dollar Oil? Will this crash trigger another financial crisis and Great Recession?

Jim Rickards Discusses Future of Saudia Arabia.

   Oil is the wild card played last year on the backdrop of all Currency Wars. Now the Shale Oil related financing could bring the shock to the whole financial system again. 

Next Meltdown: Oil Crash And Derivatives 10 times The Size Of The Global Economy.

Just one more thing to get you started your own research. Is it one of the reasons why China is buying so much Gold now?

David Morgan: Oil, Derivatives And Unbelievable Lack of Trust in the System.

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

   "Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?"

David Morgan: Oil, Derivatives And Unbelievable Lack of Trust in the System.

"If the oil sector unraveled, as it is doing now, what would happen to gold and silver prices? David Morgan of Silver-Investor.com thinks, “Gold, I am pretty sure, would maintain right where it’s at, and that would be the worst case scenario, or it would go up and go up rapidly. Gold and silver may go down temporarily like we saw in 2008, but they will catch a bottom and come up. Silver in a deflationary environment has not done that well in the past. . . . Gold and silver are crisis hedges. People will say I don’t know what is happening. I’m scared. I need something I can trust. You can trust money that has been money for 5,000 years. That’s something you can trust. . . . You can’t escape the truth. The truth wins out in the end. We are getting to that point, an inflection point. I think gold will go up, and I think silver would follow and probably go up more rapidly once people caught on there is uncertainty. There is an unbelievable lack of trust in the system. People need something they can trust. Physical gold and silver is something you can trust, and it’s been that way for thousands of years. People aren’t that stupid, they understand that.” Morgan goes on to say, “I am not implying this is going to unravel tomorrow. I think it’s going to take a longer time frame than you might expect. I really think it’s going to take four or five months from now. I am thinking May or June before you start looking for the repercussions of this sub $50 (per barrel) oil.”

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

   "Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?" Read more."

Inside Story: What's Driving Oil Prices Down?

  

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?"

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

   Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?"

Elon Musk Interview: World Needs Hundreds of Gigafactories.

  Elon Musk talks about the Gigafactory and incredible numbers behind his vision: "Everything will be fully electric, except for Rockets!" In China his vision can be the only way forward with personal mobility due to the terrible level of air pollution. Read more."

ZeroHedge: Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years.

  The disconnect in the demand for Gold and its manipulated price continues ... Instead of breaking out above MA50 Gold was sold out heavily in the very thin holiday trade with Oil crashing down after OPEC decision. Next week will be crucial for the Gold and other commodities markets. US Dollar on the chart below will be the guide. Who will risk deflation now? Higher US Dollar and lower Oil prices mean exactly that. Say good buy to Oil Shale and all economic boom connected to it. Before yesterday the most crowded trade: Long US Dollar looked like reversing itself, next week will show the next step in this epic ongoing Oil and Currency Wars.

  Actually for the FED the higher Gold price and lower US Dollar will be the best outcome now - it will show the "so much needed Inflation", save Shale Oil and allow to manage next cycle of the gradual rise in the stock market preventing the collapse. In this logicdiscussion about ECB ability to buy Gold doesn't look so crazy any more. Will FED join this game now? At some stage it will have to deliver all that Gold "safely stored in its vaults" and this repatriation virus is not going just to fade away. Normally markets are positioned for the majority of participants to lose, this outcome will be the most unexpected I guess. Read more."

Chris Martenson:

"If you've watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”.
The mainstream press has faithfully repeated every press and PR statement made by the shale producers. And if you simply followed the headlines, you might even believe this about the US: - It is soon going to be energy independent, - Its oil production will surpass even Saudi Arabia putting it in the number one spot,and - The US will even be exporting oil again like the days of old.
The only problem with this story is that it is misleading in some very important ways. And entirely false in others.
Here are there are five main things to know about the shale plays. 1. They deplete very quickly. The typical shale, or tight rock, well production declines by 80% to 90% within three years. 2. They are expensive. All oil and gas coming form them is several times more expensive than what we got from conventional oil plays. 3. They are environmentally damaging because the fracking fluid is highly toxic and much of it escapes during the blowback process and sometimes water wells are contaminated. 4. Because each well has low flow and depletes quickly, massive numbers of wells must be drilled creating significant infrastructure damage to roads and bridges. Currently no state or municipal authorities are capturing anything close to the total cost of the infrastructure damage from the shale operators which means taxpayers are gong to be left paying those bills. 5. Not all shale plays are created equal – some are vastly superior to others. And even within a given play there are sweet spots and dry holes which can only be determined by punching a well in and seeing what comes out. Some call this the ‘mapping by braille’ approach.
When we put all of these together it adds up to a very expensive set of plays that will only last for a very short while.
To the extent that mainstream press has been conveying the message that peak oil is dead and that our energy concerns have been laid to rest is the extent to which they have been misleading us.
In many ways, the increased crude output from shale plays has bought us some time. We can either use the temporary boost in energy supplies, expensive though they are, to build towards a future when these too eventually run out, or we can use them as an excuse to carry on with business as usual.
If we do choose business as usual as our operating strategy - I use that word very loosely – then we will just march straight into the shale oil peak around the year 2020 and be very disappointed with ourselves and our utterly inappropriate transportation infrastructure."

Video: Peter Schiff's Message to Switzerland: Save Your Currency and Your Country.

Peter Schiff joins the voices to support the Yes Vote in Swiss Gold Referendum.

Bloomberg: 1,500 Tons Of Gold On The Line In Swiss Vote To Buy Back Bullion.

The story about Swiss Gold Referendum has made its way up to the Bloomberg. Now everything depends on the people of Switzerland, but at least we will have the opportunity for the proper discussion about the FIAT Currency systems and Gold. China is not only buying record amounts of gold now, but taking out the best long term mining assets all over the globe.

TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.

Grant Williams: All You Need To Know About Swiss Gold Referendum.

Great presentation from Grant Williams on this groundbreaking event for the Switzerland and the Gold market! We are close to the very important catalyst point for the Gold market now.

GDP Disaster: Final Q1 GDP Crashes To -2.9% And 30 More Reasons The Bear Phase In Gold Ends This Summer.

  I have taken the liberty to add the horrible Q1 GDP -2.9% final print to the 30 reasons laid out by Jim Sinclair. Should we start talking QE Taper Pause again and re-tweet James Rickards old tweets now? Mr Sinclair is another my personal trusted source of information to keep The Big Picture in front of me.

Special Op Zero Dark Thirty 2.0: German Gold Gone Missing ... Sorry, Safely Stored At MF Global Deposit Box.

Chris Martenson: The Perfect Business Case - Exponential Money And Limited Resources Supply.

 "It is very important to have the right information, when we are making our investment decisions. Some people will be right some of the time. That is why it is so important that you have the maximum diversity of information. But very soon you will be overloaded with the flood of opinions, pushed agendas and hired writers. You have to develop your own trusted sources. I have few of my own, which I will share with you here. Chris Martenson is one of them. This video explains why I am personally came into TNR Gold and building International Lithium now. He lays out The Perfect Business Case - Exponential Money And Limited Resources Supply. Read more."

TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?

  We are working on the corporate structure now, which will allow to develop Shotgun Gold with the potential new strategic partner on J/V basis like we are doing with Ganfeng Lithium in International Lithium. You can find more information in the Shotgun Gold Project presentation below, on our website and give us a call to discuss it at any time.

TNR Gold Shotgun Gold Presentation, Alaska - April 2014 from Kirill Klip

"Why Gold is so important here? It is the real measure of the rate of Currency Debasement and Inflation: Gold is the Real Money, not dollars. That is why it is manipulated so heavily:

  "Manipulation is rampant in all markets: HFT Flash Boys, LIBOR, FOREX, Pensions, Energy ... Gold. Some of the former conspiracy theories are going in the court rooms now, others are still waiting for their time." 

  I will address you to James Rickards' books: "Currency Wars" and "The Death of Money" to get more information in depth on these subjects and Gold Manipulation is widely discussed on the web today.

  The chart above provides you with idea why we need more Gold deposits now. Even if Major Gold Miners are squeezed on margins and divesting the projects now - it is these industry's fundamentals which will drive this market forward. Falling gold prices are the best cure from the low Gold prices. Gold miners are mining the "Gold Dust" by the 90s standards. Read more."

ZeroHedge:

GDP Disaster: Final Q1 GDP Crashes To -2.9%, Lowest Since 2009, Far Below The Worst Expectations

Remember when in January 2014, Q1 GDP was expected to rise 2.6%? Well, here comes the final Q1 GDP revision and it's a doozy: at -2.9%, far below the -1.8% expected and well below the -1.0% second revision, it is an absolute disaster, and is the worst print since Q1 2009.

And while a bad GDP print was largely expected, the driver wasn't: personal consumption expenditures somehow crashed from 3.1% to just 1.0%, far below the 2.4% expected, meaning that all hope of a consumer recovery is dead. Finally, as a reminder, US GDP has never fallen more than 1.5% except during or just before an NBER-defined recession since quarterly GDP records began in 1947. Good luck department of truth propaganda machine, because even assuming 3% growth every other quarter in 2014 means 2014 GDP will be 1.5% at best! ZeroHedge."

GDP long-term:

Jim Sinclair:

30 Reasons The Bear Phase In Gold Ends This Summer

Dear CIGAs,

Here are the 30 reasons, 23 new and 7 set in cement, of why the Bear phase in the bull market for gold ends this summer without any new lows.

1. The New definition of warfare is economic. Sanctions against Russia and the implications for the Petrodollar

2. FACTA and the universal long arm of the US government via any transaction internationally that passes even momentarily through the dollar as a contract settlement mechanism. The negative implications for the dollar’s future as a contract settlement mechanism internationally.

3. EU split over sanctions due to Russian energy demand and Russian business interests.

4. Middle East Western Hegemony and Arab Spring is defunct.

5. Iran to assist in Iraq if asked, which is the failure of "Misssion Accomplished."

6. Iraq oil production challenged by ISEL.

7. Kurds emboldened by ISEL.

8. US relationship with Saudi Arabia and Qatar is strained.

9. BRICs uniting economically and politically as a standalone force.

10. China expands Yuan/Renminbi as an international currency.

11. China’s China Sea energy tensions with Japan and Vietnam.

12. USA’s position on the China Sea crisis where Japan is concerned.

13. The militarization of Japan.

14. The distinct scent of inflation.

15. General dissatisfaction with answers to questions to Chair Yellen regarding FOMC meeting last week

16. IMF reduced expectations of US economic recovery.

17. US Zombie Banks as defined by banks leveraged generally 30 to 35 times the size of their capital of total OTC derivative exposure.

18. Condition of the flooded municipal bond market.

19. Decline in volume with rise in value of equities, making equity price shadows our reality.

20. Totally irrational exuberance driven by hyper liquidity.

21. Hyper liquidity can become hyper inflation via the velocity of money in a crisis of confidence of the dollar. Therefore hyperinflation will be a currency motivated event.

22. Reaction in the momentum equity leaders of the last 2 years burning a public.

23. Strength of the utilities group which has historical attachment to tops in equity markets.

Old problems:

24. The one quadrillion, one hundred and forty four trillion dollars real size of the OTC derivatives market.

25. Economic underpinning of the dollar in jeopardy as recovery sputters globally

26. Absurd size of the Fed balance sheet and lack of marketability of significant size legacy derivative positions.

27. Taper of QE and little Belgium to the QE rescue.

28. China and Russia on the sell side of the US treasuries.

29. MY RA exposes consideration of invasion of retirement accounts, and GOTS (Get out of the system) as a defense strategy.

30. The huge drop out of the labor pool in the US, making employment figures sketchy at best."

Sufiy: Gold Market And The Stock Bull Topping.

TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?

  "This picture above is stronger than thousand words written by the FED's hired academics and even Austrian School of Economics - it cuts through the verbal mist to the bone of Inflation definition and what it really means. It means that your FIAT money are losing it purchasing power. It happens every day, day by the day. How much you can see from the McDonald's menu from 70s.

  And below is the chart representing "Strong US Dollar Policy" in action implemented by FED from the day of its inception in 1913. Some people even think that Federal Reserve is as Federal as Federal Express, but we will not go that road today.

  Inflation is the dirty open secret of all Central Banks in the world. It creates the Inflation Tax by gradually stealing from the value of your savings and deflating the government's obligations on all social programs. It is the way for governments to finance wars and "Inflate away" their debts without taxing you "directly". Inflation follows currency debasement - organised by money printing or by QE in the iPad's century - and it is making its dirty work by itself.

  Why Gold is so important here? It is the real measure of the rate of Currency Debasement and Inflation: Gold is the Real Money, not dollars. That is why it is manipulated so heavily: Read more."

Sufiy.:

Gold Market And The Stock Bull Topping $TNR.v $MUX $NG $ABX $GLD $GDX

  "We have the very interesting picture in Gold now. It is moving up after the strong bullish candle on weekly chart painting the Head And Shoulders Bullish Reversal. As we had discussed before, we are not the only one watching these charts, but it is getting more and more difficult for the banksters to keep it down with the ongoing manipulation. Adam Hamilton is one of the few technicians we are following very close and a lot of his calls were right on the money in the past, he is highly recommended for your own homework.

Kirill Klip.:

UK Will Send Traders Rigging The Markets To Jail. Will It Include Gold Manipulation And Naked Short Selling?

  "We have a small victory for the common sense in the UK today. BBC reports "Osborne pledges criminal action against banks and traders":

"More action to tackle wrongdoing in the financial sector will be unveiled by Chancellor George Osborne on Thursday.

The measures will include making the manipulation of the foreign currency markets by banks a criminal offence. In a keynote speech he will promise to target "the unacceptable behaviour of the few and ensure that markets are fair for the many who depend on them". 

There has been increasing concern about whether the multi-trillion pound foreign exchange market was rigged. In his annual Mansion House speech, Mr Osborne will pledge the extension of legislation used to clean up after the Libor interest rate-fixing scandal. BBC."

  And the very important piece for us here:

As well as bringing the forex currency market under this legislation, it will be extended to those who trade in commodities, and also to the fixed income market, where the most common type of products traded are bonds. BBC."

Eric Sprott: The Chinese Gold Vortex - Do Not Miss This Golden Opportunity GDX TNR.v MUX

  "CS. Gold is building a very strong reversal pattern after resent correction. The only problem is that we are not the only one watching this chart closely and manipulators are trying to paint the breakdown on the chart above. In the normal market this picture will indicate very strong Bull market, building the base after The Golden Cross to make its Second Bull Leg Up. We have the close right above the MA200 at $1,300 and Bollinger Bands suggest that volatility will increase dramatically. Will "They" be able to break Gold down again? This is the question which will separate boys from the men again. The most important for us that this technical picture reflects the fundamentals Eric Sprott is talking about in his article. 

  Should Gold confirm this reversal by breaking Up above the MA50 at $1,317 Gold Junior Miners with the strong stories will finally start to move. This very illiquid and speculative type of investments in Gold equities normally start to participate in the stage two of the Gold Rally, when liquidity from professional players is searching for the new "ten-baggers" after booking the profits from the initial Gold Breakout. Every market is the function of the supply and demand, with Equities hitting all-times-highs and moving into the weak "Sell In May" season Gold Junior Miners have all chances to remind why they are considered to be so volatile. The way up normally is a very dramatic move in magnitude after such an obliteration as you can see on the chart below. The most important indicator here is the Volume - money is coming into the sector. Read more"

 ZEAL:

Stock-Bull Topping 2

Adam Hamilton     June 13, 2014

The US stock markets’ Fed-driven melt-up has accelerated again in recent weeks, with a string of new nominal record highs.  This has reignited truly extraordinary levels of greed, euphoria, and complacency.  But for traders who have witnessed past bull toppings, there is an ominous sense of deja vu.  It turns out this past year’s strong stock-market action nearly perfectly matches that leading into the last bull-market top in 2007. Read more."