Posted at 2:54 PM (CST) by & filed under Jim's Mailbox.

It is a big question mark to me why people like Obama — He is a wolf in sheep’s clothing!


How Team Obama Tried To Hack The Election
May 26, 2017

New revelations have surfaced that the Obama administration abused intelligence during the election by launching a massive domestic-spy campaign that included snooping on Trump officials.

The irony is mind-boggling: Targeting political opposition is long a technique of police states like Russia, which Team Obama has loudly condemned for allegedly using its own intelligence agencies to hack into our election.

The revelations, as well as testimony this week from former Obama intel officials, show the extent to which the Obama administration politicized and weaponized intelligence against Americans.


What Is the US Dollar Saying About the Fed? — I think the dollar is finished! How much longer can you keep on diluting and manipulating the currency till it gives way and it will determine its own fate?

See how important the 92-93 level on the USD index is, see the point and figure chart.




What Is the US Dollar Saying About the Fed?
May 26, 2017

Earlier in the week, I argued that the dollar was set to decline, with the Powershares Dollar Index ETF (UUP) heading towards $24.75 – $24.50.

But with the Fed Minutes out of the way, let’s take a fresh look at where the dollar can go.

Most traders considered the Fed’s message to be dovish overall, but let’s ignore the ‘expert’ opinions and get to the heart of the matter: price action


Jeff Cooper: Is Gold About to Explode?
May 26, 2017

“Prices are governed by Time

Time causes Prices to change.

Time angels are resistant to Price.”

-W.D. Gann

Yesterday’s report shows gold’s big picture ending down-wedge.

As indicated, a breakout over the declining trendline could trigger an explosive advance.


Posted at 9:54 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams

– Nonsense in the Gross Domestic Product (GDP) Reporting
– Gross Domestic Income (GDI) – Theoretical Equivalent of the GDP – Gained 0.85% in First-Quarter 2017, After a Revised Fourth-Quarter Contraction of 1.38% (-1.38%), Previously up by 1.00%
– First-Quarter 2017 GDI Activity Still Is Below Third-Quarter 2016 – Headline First-Quarter Details Otherwise Showed Stalling Economy, with GDP at 1.15%, GDI at 0.85%, GNP at 0.99%
– Better-Quality Series Still Show Continuing, Protracted Economic Collapse, with No Recovery of Pre-Recession Highs and No Economic Expansion
– In the Context of Downside Benchmark Revisions, Durable Goods Orders Declined Month-to-Month, Before and After Inflation and/or Commercial Aircraft Orders
– Monthly New- and Existing-Home Sales Declined in March, In the Continuing Context of Low-Level, Non-Recovered Stagnation
– Real Median Monthly Household Income Has Shown No Net Gain Since February 2002

“No. 889: GDP Revision, April Durable Goods and Home Sales”

Microsoft Warns Of ‘Orwellian Future’ As Wikileaks Exposes Participation With Surveillance
May 25, 2017

Recently, an instalment of WikiLeaks’ Vault7 documents came to light that exposed two CIA malware programs that specifically infect Microsoft computers with the purpose of carrying out tasks on infected computers, checking for scheduled events, and collecting data.

The revelation put Microsoft in the hot seat, with people speculating that the tech giant may have been aware that the CIA works with features specifically built into Microsoft computers to collect data and perform tasks.

Microsoft’s history would suggest the worst, from Edward Snowden’s 2013 leaks that revealed Microsoft had “collaborated closely with US intelligence services to allow users’ communications to be intercepted, including helping the National Security Agency to circumvent the company’s own encryption,” to the NSA bragging about their newly acquired ability to triple the amount of Skype video calls being collected through Prism just nine months after Microsoft bought Skype.


Posted at 6:04 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Some Friday humour for you! – I found this on Amazon, I guess it slipped by their software/bots? Never in my life have I put a bumper sticker on any of my cars, that may change!


Bill Holter’s Commentary

One man’s warning…

DO THE MATH: Here’s The Rational Analysis Why 99% Of Current Bitcoin Owners Will Never Be Able To Sell Bitcoins For Anything Close To Its Imagined Current Value
May 24, 2017

Disclaimer: I am pro-Bitcoin and pro crypto-currency. For 15 years, I have publicly and repeatedly criticized the central banks, fiat currency systems and the systematic theft of purchasing power from the People by corrupt banking cartels. This is not a hit piece on Bitcoin but rather a rational analysis of why the current Bitcoin BUBBLE is dangerous for novice investors as well as the long-term reputation of the Bitcoin crypto currency. I have mined a few Bitcoins over the last two years. I now hold just 0.25 Bitcoins in total, having just traded almost my entire Bitcoin wallet for physical gold. (Yes, somebody gave me GOLD in exchange for a virtual wallet. Seriously.) Why did I do that? Because I can do math. Here’s what I discovered:

# of Bitcoins currently in circulation: Roughly 16,350,000


Bill Holter’s Commentary

Very sad President Trump is attacked on anything and everything. He could spell it out for her but would be a waste because she apparently “can’t read ” anyway. (sarc.)

Nancy Pelosi Complains Trump Not Visiting Countries In Alphabetical Order
May 26, 2017

Has Nancy Pelosi completely lost her mind? Or does she just have to complain about everything President Trump does?

During a press briefing on Thursday, the House Minority Leader criticized the president’s choice of visiting Saudi Arabia first during his inaugural foreign trip.


Bill Holter’s Commentary

…and this guy is the one who decides what is real and what is fake news? How about erasing all student loans and making college free for all? I guess we have come a long, long way from “a chicken in every pot”? I may not be a rocket scientist but this guy defines economic ignorance (in my opinion which for now I am still entitled to). Funny the “location” where he gave this speech … no less than Harvard!

Mark Zuckerberg Calls for Universal Basic Income in His Harvard Commencement Speech
May 25, 2017

Facebook CEO Mark Zuckerberg has become the latest major tech figure to call for universal basic income as a solution for inequality, joining a growing chorus from Silicon Valley.

“Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” Zuckerberg said during his commencement speech Thursday at Harvard University. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful.”

“We should explore ideas like universal basic income to give everyone a cushion to try new things,” he said.


Video: Obama’s NSA conducted illegal searches on Americans for years: Report
May 24, 2017

On Wednesday, May 24, Judicial Watch Director of Investigations and Research Chris Farrell appeared on “Lou Dobbs Tonight” on the Fox Business Network to discuss the NSA under Obama routinely violated American privacy protections by conducting illegal searches for years.


Posted at 2:16 PM (CST) by & filed under Jim's Mailbox.

Dear Wolfgang,

Bitcoin and all it new brothers and sisters are Tulips and OTC South Sea companies. Do not knock. If you are a trader, there are trades to be made. That is until the musical chairs stop.




What is Bitcoin?

I’ve always believed it was an alternative currency.

It can be used to transact business, but is certainly not a storehouse of value or stability. It’s too volatile and has nothing backing it.

Slowly but surely, I’ve seen companies reversing (and yes, many are adopting) their position on accepting bitcoin as the volatility has become too extreme. Imagine accepting $150,000 in bitcoin payment for a Mercedes, only to find a short while later, it’s value dropped to $100,000.

Stability is its inherent flaw.

Which brings me to another point…..what is bitcoin referenced to?

Currencies are always referenced to each other. If money flows into one (increasing its value), it flows out of others (decreasing their value). Essentially, the Dollar’s value is based on its relationship to other currencies.

Commodities (hard, soft, and often real estate) are referenced to the Dollar, primarily because the Dollar is used to transact those commodities. If the Dollar drops in value, commodities rise in value, and vice versa.

Yet bitcoin has none of those relationships.

This leads me to believe it’s not a currency….it is not governed by fluctuations in global currencies in relation to each other. There is no referential connection.

It also leads me to believe it’s not a commodity….it’s price is not governed in any way by fluctuations in global currencies. Again, there is no direct relationship.

So, what it bitcoin?

Is it purely an ephemeral and totally virtual, object of speculation?

Is it simply an IOU, which certainly its M.O.?

Someone please enlighten me.

CIGA Wolfgang Rech

Posted at 2:13 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

A heads up for our Canadian friends, what’s in your bank?

Canadian Banks Derivatives Expanded By A Trillion in 2016
March 28, 2017

Since we reported on the total notional derivatives exposures of the big 5 Canadian banks in Q1 2016, the banks have collectively continued to expand their derivatives portfolios.

The following table summarizes the total exposures of the Big 5 based on the 2016 Q4 report from the Office of the Superintendent of Financial Institutions (OSFI).

Whereas Scotiabank has seen its derivatives books reduced significantly and BMO’s reduced somewhat, the increase in exposure by the other 3 banks way more than offset the shrinkages at Scotiabank and BMO. Particularly of note is TD Bank which increased its notional by a whopping $1.57 trillion (that right, $1,574 billion, 21% increase since Q1).


Posted at 2:11 PM (CST) by & filed under Bill Holter.

This is a story of Twitter censoring real and verifiable news while allowing bogus and fake news to flow freely. Putting the censorship aside, what should really strike you ill is the former chairwoman of the DNC, Donna Brazile, tried to intercede by calling the police to warn off a private investigator.

This thing has some very long legs and no telling (but we can certainly guess) how high up the ladder it leads to? Again, here’s hoping for the rule of law to prevail!

Posted at 12:56 PM (CST) by & filed under Jim's Mailbox.


From what I know of child psychology, you can never tell a child not to do anything.

If a small child finds a gun in your home and points it at you, never, but NEVER, say “don’t shoot”! They will look at that remark as a playful challenge and will shoot.

Better off to say “I’ll bet you can’t shoot that lamp over there.”

Or, how many mothers have told their children not to touch a hot stove, yet the child still does. Sometimes, the only way a child learns is to disobey and suffer the consequences. Painful as it is for us parents, and hopefully not something too harmful for the child.

We all have see the recent articles claiming fund managers are totally confused by the soaring stock market and staying away.

Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally
May 24, 2017

Legendary vulture investor Asher Edelman, the 1980s model for Gordon Gekko, strayed into what must’ve been uncomfortable territory for CNBC during an appearance on “Smart Money” when he discussed his view that the government’s “plunge protection team” is the only thing propping up the current market rally, and said he suspects that it has again been recently een intervening in the market to keep stocks at record highs.

Few can explain the market’s recent resilience, holding near record highs despite weak economic data and intensifying geopolitical tensions. The main benchmarks have risen for the fourth straight day following last week’s “Trump Dump” despite a terror attack in the U.K., the worst soft economic data since February 2016, and surprisingly low trading volume.

The “plunge protection team” was created by President Ronald Reagan one year after the stock market crash in 1987, when the president called for the creation of the “Working Group on Financial Markets.”


Now Bitcoin is soaring to unbelievable heights.

Bitcoin Explodes Above $2400 After China Downgrade, Scaling Agreement Reached
May 24, 2017

Following comments from DoubleLine’s Jeff Gundlach tieing the surge in virtual currencies to the demise of China (right before that nation is downgraded), Bitcoin surged overnight, breaking above $2400 for the first time. It is now up over 150% year-to-date.

Bitcoin is up fopr the 26th day in the last 29 sessions, doubling in price in that period…



All I can say, children, is go for it. Go ahead, put your life savings in equities at this point in time…or better yet….into Bitcoin. They’ll never go down.

Don’t listen to the “parental” naysayers; the “smart money”. What do they know?

CIGA Wolfgang Rech