18 Banks Inch Closer to the Precipice

Standard & Poor’s downgraded the creditworthiness of 22 18 banks [link] including: Wells Fargo “AA-“, US Bank “A-“, Fifth Third Bank “BBB” [what the ratings mean] “We believe the banking industry is undergoing a structural transformation that may include radical changes with permanent repercussions,” said Standard & Poor’s credit analyst Rodrigo Quintanilla. Oh, this is getting [...]

“During Times of Crisis, How Can I Help?”

Swami Kriyananda answers this question and talks about the HUGE coming changes in the video below. To those who don’t know him (or know of him) he’s just “a nice, kindly man with a gentle sense of humor.” Well, I’ve kept tabs on Swami Kriyananda (aka J. Donald Walters) since 1993 and offer my personal [...]

The 3 Stages of the Coming Silver Shortage

 Ted Butler’s friend and mentor Izzy takes the soapbox on “The 3 Stages of the Coming Silver Shortage”.  Editor’s note: Izzy’s article was originally published a few years back, when silver was at $9+/oz and before the recent run-up in silver to $16. True then, moreso today. Consider this: we have already experienced Izzy’s STAGE ONE [...]

June 2009

Second-Largest U. S. Bank Downgraded & In Trouble You heard it here first, 18 months ago, when I warned about this bank and told you why I closed all my accounts with them. Standard & Poor’s has downgraded them and 17 other banks. But the big surprise was the “D+” independant bank rating, down from [...]

COMEX Warehouses in Trouble?

Since I started tracking COMEX gold and silver warehouse levels last November I’ve grown to be very suspicious of the numbers COMEX reports each day. In spite of increased physical deliveries in both metals, “registered” inventory levels remain more or less stable. This is why I gave up daily updates in favor of weekly ones; I [...]

Will the COMEX Manipulation Ever End?

The headline above echoes a popular question asked by all who suddenly realize gold and silver prices have been manipulated on the COMEX. No less an authority than Jim Sinclair (of JSMineset.com) answered this query Monday, June 8, 2009: You always offer me, among the many other lamentations in your communication, the fear that gold [...]

Ten Reasons to Buy Stocks Now [humor]

I’ve respected Jeff Clark’s advice on the markets for years now. In the last two weeks he’s made a compelling case for a major. imminent decline in the stock market. I’m getting ready to jump into some DXD (the double DOW down fund). Then this morning I was mystified to read this headline from him: Ten [...]

Governator Squeezes Trigger for Crime-n-Riots

I admit I’ve been quiet for quite a while here, waiting for that thunk of the other shoe. Plus, the road ahead isn’t just filled with potholes, to me it’s looking downright cratered. Seriously. Seriously B-A-D. I am more worried now than I was last August, before everything tanked. And, it’s cost me a lot [...]

Reader Asks, “What’s So Hard About Busting COMEX?”

Here’s a good question from a reader, “Mike“: Scott, I have been following your website for some time along with Sinclair and enumerable others. I think you do a great job and I find your musings incredibly infromative. I’ve never traded futures on the comex but this whole comex cracking/failure to deliver thing puzzles me [...]

Web Bot Forecast for Fall 2009

From George Ure and the Web Bot guys: some predictions followed by my thoughts on his accuracy. His Prediction: October 26+/- – Another Web Bot Hit Shapes Up Oh-oh.  Here we go again.  Calendar watch time. I  can’t remember how long ago I told you to put a circle on October 26th (plus or minus [...]