Banks Can’t deliver on Comex Gold Contracts

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COMEX Gold Market Is in Failure — Major Losses by Banks, Force majeure likely. There is no gold unless you have physical. (twitter) 1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered … Read more

Direxion Cuts Leverage on 10 Funds to 200%, Closes Eight Others

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Effective May 19 2020, Direxion is updating the objectives of 10 leveraged ETF, some of them Gold based. Originally found the article on Bloomberg: https://www.bloomberg.com/amp/news/articles/2020-03-23/ten-leveraged-direxion-funds-cut-exposure-amid-global-turmoil?utm_medium=deeplink Here’s also the statement from Direxion: http://www.direxion.com/press-release/direxion-changes-objectives-of-ten-leveraged-funds-to-address-extreme-market-conditions-while-also-closing-eight-funds-due-to-limited-interest-since-launch

The idiots just keep piling up. It is totally healthy that the markets gave up 4 years of growth in 1 month. 200 of the S&P 500 companies cannot pay interest on their debt. BUY BUY BUY

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The idiots just keep piling up. It is totally healthy that the markets gave up 4 years of growth in 1 month. 200 of the S&P 500 companies cannot pay interest on their debt. BUY BUY BUY — AR-John (@johnwieber) March 25, 2020 …not the Fed or taxpayers please… https://t.co/RDnUvStFfJ — George Goncalves (@bondstrategist) March … Read more

“40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings.”

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"40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings." On a brighter note, Greenspan, Bernanke, Yellen, Paulson, Geithner and Powell all have plenty of savings. https://t.co/eMGhikdNZP pic.twitter.com/iXe1ev5WuC — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) March 24, 2020 If you want to understand why we're facing a … Read more

It’s margin call day everywhere, wow

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Guess where is it going now pic.twitter.com/MyIKI8Qo8O — Alessio (@AlessioTMAD) March 24, 2020 https://twitter.com/disclosetv/status/1242499620170760193 They spoke of minus 25% GDP after 2 years and a recession comparable to the Great Depression https://t.co/0UdjhyIlhn — Richard Werner (@scientificecon) March 24, 2020 This headline was only a matter of time, and probably not the last one … *BROKERAGE … Read more

Is China Accelerating The Bankruptcy Of The United States?

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Jerry Robinson interviewed by Dunagun Kaiser on Reluctant Preppers FULL SHOW NOTES AND LINKS HERE As the world’s rapt attention is fixated on the pandemic, an economic and financial tsunami is just starting to wreak unfathomable havoc on our lives from here forward. What will become of our jobs, our homes, our earnings and savings, our investments and pensions, … Read more

Leveraged Loans Blow Out – Distressed Corporate Debt Spikes

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This is the moment when yield-chasing turns into a massacre. By Wolf Richter for WOLF STREET: Leveraged loans – they’re issued by junk-rated overleveraged companies with insufficient cash flows – are part of the gigantic pile of risky corporate debt that is now being brutally repriced as concerns over credit risk (the risk of default) are finally bubbling to the … Read more

4000% raise in California unemployment. Over 100K people have applied for unemployment since March 15 in Wisconsin

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As California continues its statewide shelter-in-place order in response to the spread of coronavirus, California governor Gavin Newsom stated that the daily number of unemployment insurance claims in the state has skyrocketed dramatically. During a press conference Monday night, Newsom reported that the daily average of claims over the last seven days is 106,000. The … Read more

Trudeau Joins the International Coup?

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by Martin Armstrong The worldwide plot of the left to effectively overthrow Democracy is alive and well in Canada as well. The emergency bill introduced by Trudeau would grant cabinet sweeping powers to tax and spend without parliamentary approval through the end of 2021. In other words, Trudeau is using this manufactured crisis to eliminate … Read more

Compliance Checks Begin In Nevada! Police Visit 113 Businesses, Suspend Violator’s Licenses

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Las Vegas authorities are out around Clark County to enforce Gov. Steve’s Sisolak’s order for nonessential businesses to close their doors. Las Vegas police have visited 113 businesses with their compliance team, and 7 business licenses were suspended for stores or businesses that did not voluntarily close. Learn More: http://undergroundworldnews.com/2020/…  

Jimmy Dore rips apart Joe’s last video

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100% agree. Jimmy is funny and ideological, but I respect that he knows what he believes and why he believes it, even though libs are flat out wrong on most things. Jimmy is clearly sick of the corrupt, hypocritical phonies who enrich themselves and their cronies. He knows Sleepy Joe is a lost cause and … Read more

The Democrat’s Plot Against Americans

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by Martin Armstrong The coup that has been waged from the left against the right is an all-out global political war. They succeeded in bringing Germany to its knees and surrender its culture of austerity. Here in the United States, the Democrats have coordinated with these dark forces seeking not only same-day registration to allow … Read more