Posts Categorized: In The News

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Jim Sinclair’s Commentary

Fly the friendly skies.” Now the passengers are getting feisty.Please note security watching from the distance and saying in the distance.

Passenger Vs Pilot: The Moment A Man Attacked An American Airlines Officer Because He ‘Took Up Too Much Space In The Aisle’ While Walking Off Plane

April 20, 2017

A man has been charged with assaulting an off-duty pilot as they walked off a plane in Kansas City.

Edward Foster, 49, had just landed at Kansas City International Airport on April 12 when he took offense with an unnamed pilot – who had not been flying the American Airlines plane and was simply traveling in the cabin.

The 49-year-old is seen in surveillance video walking off the jetway directly behind the pilot, before they both head into the terminal.

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Bill Holter’s Commentary

So let me get this straight, the central banks now admit they “intervene” in markets? Does this mean the markets natural tendencies do not matter …and the only thing that matters is what the central banks want? Now, one must ask themselves a very important question, what happens if (when) markets overwhelm the will of the central banks? Do the central banks go “bankrupt”? Or do they just print more of their precious money? Just an observation, gold cannot be “printed”, nor can it “go bankrupt”. Make sense?

Central Banks Give “All Clear” To BTFD If French Election Upsets Market
April 22, 2017

Having already ‘dropped’ over one trillion dollars in 2017 to keep reality at bay, it appears the world’s central bankers are not about to let a French election mishap spoil the illusion.

Just as central bankers gathered at The BIS’ Basel Tower just says before the Brexit vote, so judging by the statements today, the monetary manipulators stand ready to rescue markets once again should the first round of the French election ‘surprise’ the ‘free’ markets.

Brexit’s BTFD took a few days…

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Bill Holter’s Commentary

This makes it two days in a row, 4 weeks worth of global gold production sold in less than 10 trading minutes. “Who” would sell gold like this …unless it’s not really gold?

Gold Slammed For Second Day As ‘Someone’ Panic Dumps $3 Billion Notional Ahead Of London Fix
April 19, 2017

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Today, having failed to keep the precious metal down (25,000 contracts dumped in a minute), they went for it again with a $3 billion notional pummeling in futures…

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2017 Debt Crisis Looms: Congress Will Have 4 Days To Avoid A Government Shutdown On April 29
April 11, 2017

April 2017 could turn out to be one of the most important months in U.S. history that we have seen in a very long time. On April 6th, Donald Trump attacked Syria on the 100th anniversary of the day that the U.S. officially entered World War I, and now at the end of this month we could be facing an unprecedented political crisis in Washington. On Friday, members of Congress left town for their two week “Easter vacation”, and they won’t resume work until April 25th. What this means is that Congress will have precisely four days when they get back to pass a bill to fund government operations or there will be a government shutdown starting on April 29th.

Up to this point, there has been very little urgency by either party to move a spending bill forward. It is almost as if everyone is already resigned to the fact that a government shutdown will happen. The Democrats will greatly benefit from a government shutdown because they can just blame the entire mess on the Republicans. But for the GOP, this is essentially the equivalent of political malpractice.

To me, there is simply no way that Congress is going to be able to agree on a bill that funds the entire government in just four days. And it turns out that this upcoming deadline comes exactly on the 100th day of Trump’s presidency…

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Bill Holter’s Commentary

This is the article Bill and Jim discussed for subscribers.

Junior Gold Miner ETF Suspends Creation Orders Due To Shortage Of Underlying Instruments
April 15, 2017

Over the last several weeks, two years after Howard Marks first brought attention to the topic with a letter in which he asked “What Would Happen If ETF Holders Sold All At Once?” some investors have once again quietly voiced concern about the inordinate and rising influence passive investing in general, and ETFs in particular, exert on stocks but especially on fixed income securities, including illiquid bonds and loans. To address some of these concerns, earlier last week, Goldman Sachs released a report titled “A closer look at years of passive (aggressive) investing in credit” in which it observed that the growth patterns shown in Exhibits 1 to 3, particularly the increase in the ownership share of ETFs…

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Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– Substantially Adverse Economic Circumstances Have Begun to Unfold, Threatening FOMC Hopes for Normalizing Monetary Policy
– Amidst Mounting Income and Credit Stresses on Consumers, Headline Retail Sales Suffered Major, Near-Term Downside Revisions; Recent Auto Sales Were Not As Strong as Advertised
– First-Quarter Real Average Weekly Earnings Declined Year-to-Year, Along with Back-to-Back Quarterly Contractions, Circumstances Not Seen Since the Stalled GDP of Second-Half 2012
– Real Growth in Consumer Credit Outstanding Has Faltered in a Manner Also Not Seen Since the Stalled GDP of Second-Half 2012
– Headline CPI-U Inflation Fell by 0.29% (-0.29%) in March, Pushing Annual CPI-U Inflation Lower to 2.38% (Was 2.74%), with CPI-W at 2.35% (Was 2.82%) and ShadowStats at 10.1% (was 10.5%)

– March Final-Demand PPI Annual Inflation Hit a 60-Month High of 2.28%

“No. 880 : March CPI, PPI, Retail Sales, Real Earnings, Consumer Update”

www.shadowstats.com

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Bill Holter’s Commentary

Wouldn’t it be cool if harmony amongst nations was like this? Please enjoy this as we did!

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US Drops Largest Ever Non-Nuclear Bomb Targeting ISIS Cave Complex In Afghanistan
April 13, 2017

The US Air Force has dropped the ‘largest ever non-nuclear bomb’ targeting ISIS caves in Afghanistan.

The GBU-43/B Massive Ordnance Air Blast Bomb — nicknamed the “Mother of All Bombs” (MOAB) — was dropped in at 7pm local time today (4pm UK time).

A crater left by the blast is believed to be more than 300 meters wide. Anyone at the blast site will have been vaporised.

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Bill Holter’s Commentary

Please watch this 44 second video. This is either a stallion protecting his herd or a mare protecting her baby because they understand “nature”. The snowflake heard saying “oh, just leave it alone” obviously does not know nature and illustrates the problems we have in today’s world. She should try petting a horse versus an alligator, the horse may not let her do it while the alligator will definitely bite the hand that feeds it …and very similar to what we see in today’s “the world owes me a living” society. We all have a rude awakening coming, none more than these well-meaning snowflakes. EVERYTHING is about to change, including attitudes.

Video Captures Wild Horse Attacking Alligator In Florida Park
April 12, 2017

(WSVN) – A group of friends hiking near Gainesville caught a strange sight in their path: a fight between a horse and an alligator. And it appears the horse emerged victorious.

Fox 13 reports that the group was watching wild horses grazing in a field, along with a baby horse. That’s when they spotted an alligator approaching.

“The alligator walked beside them and paused,” Krystal Berry said. “The horse kicked the alligator, which made it waddle across the trail. Then the horse started attacking again.”

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My Dear Friends,

When as a kid I owned “Sinclair Global Arbitrage”, there were no same similar trade items international as there are today. That made arbitrage a game for the thick-skinned pros. As kids that made no difference to us.

Very soon some of my generation will see old fashion risk arbitrage opportunity between all these experiments supported by the government to eliminate currency internationally and input some order into the funny smelling stew of Nintendo games called Cripto currency as now.

These are presently supported by central banks as trial balloons for when you can no longer have currency in the US and elsewhere but only live on Cripto-money (should be called Cliptoe) so no secret will ever exist again except in gold and silver. Gold never talks, unless you do or are inept in how you handle it.

Regards,

Jim

CME Group Is Launching A Gold-Trading Platform Inspired By Bitcoin
April 11, 2017

Pretty soon, pension funds and other institutional traders will be able to buy and sell gold on a platform inspired by the digital currency bitcoin.

U.S. futures and options exchange CME Group announced on Tuesday that it is in the final stages of testing a venue for trading spot gold that’s based on the blockchain, the pioneering distributed-ledger technology that powers the bitcoin network.

CME built the platform in partnership with the U.K. Royal Mint, which has helped supply $1 billion in gold bullion to back transactions executed on the network. Blockchain companies AlphaPoint and BitGo helped develop the software and trading platform.

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Bill Holter’s Commentary

2017 the year of the truth bomb…and from a British Ambassador no less!

Truth Bomb Dropped Live On BBC By British Ambassador Goes Viral
April 10, 2017

Former British Ambassador to Syria, Peter Ford, refused to go along with the BBC propaganda on Syria and dropped a truth bomb live on air yesterday.

Fed up with the state sponsored propaganda from the very start, Peter Ford dispensed with niceties and disagreed on every level possible with the very first question put to him by the BBC host

Referring to claims that Assad is responsible for the chemical attack in Syria, the BBC host said, “That’s a statement of fact, right?”

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Bill Holter’s Commentary

For those who do not understand this chart, when rates go up/bonds go down in value. The chart is illustrating that “duration” (average length of maturity) has never been longer than now. The longer the maturity, the more the volatility …so, when rates do eventually go up, the losses will be greater than ever before for two reasons: the outright amount of bonds outstanding AND duration has never been longer! Please keep in the back of your mind, the inflows into the debt markets by “retail” have been huge recently. Is the little guy ever right?

Gundlach: Duration has never been this long in my career… it is the worst possible set-up versus history.

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Jim Sinclair’s Commentary

Forget high end restaurants closing in NYC.

If you think NYC’s high end restaurant closings are significant, it is nothing compared to this.

Just imagine what this will do to jobs in NJ, the Garden State, the most densely populated state in the nation. This will create extreme hardship from lost retail sales, not to mention the fall out to manufacturers, packagers, labourers, truckers and other delivery services. Every other industry in the chain of sales will be effected from the ripple effect. Credit and stocks will not be immune from this fallout either.

Retail Collapse: The 23 Biggest Chains Closing Stores This Year
March 25, 2017

Closed for business

The start of 2017 has been merciless when it comes to retail store closings. This year, analysts say online shopping has continued to take its toll on even the most popular brands.

Is your favorite retailer closing shop?

Check out our list of the biggest chains closings stores this year.

Walmart

In early 2016, Walmart announced plans to close 154 stores, but none of the affected stores are in New Jersey. The 19,000 employees at Walmart’s 70 stores in New Jersey are safe, according to spokesman Aaron Mullins.

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