Posts Categorized: In The News

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Bill Holter’s Commentary

We tend to agree with much of this. Miners with proven metal in the ground will rise like a Phoenix from the ashes of a completely smoked financial system…based on paper and debt as the foundation. Remember, in a system where someone else’s debt is your asset, your asset is only as good as someone else’s ability to perform. Gold has no such liability!

Unloved Gold Juniors Ripe For The Picking
March 30, 2018

As a general rule, the most successful man in life is the man who has the best information

A frequently trotted-out rule in investing is when there is blood in the streets, it’s time to take a stock position. When it comes to senior, mid-tier and junior gold stocks, the blood is definitely flowing, despite gold rising 4% year-on-year and 12.5% throughout 2017.

The reason for gold stocks’ current failure to arouse any interest among investors has several antecedents, including the stock market bull favoring larger, presumably safer companies, the popularity of cryptocurrencies and blockchain start-ups, and threats to the gold price including interest rate hikes and the winding down of quantitative easing in the US, Japan and Europe.

GDX, the Van Eck Vectors Gold Miners ETF – whose assets dwarf the next largest gold ETF by a long shot – is down 7.9% over the last year, while the Van Eck Vectors Junior Gold Miners ETF, GDXJ, is running flat year on year, trading in a tight band between $31.40 and $31.60 a share. Gold mining stocks are exceedingly cheaper than gold is priced currently.

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Bill Holter’s Commentary

I nominate our pal David from “the witness protection program” because he has the best sniffer I have ever seen…If Fakebook truly wants to clean up their act, David can do it in a heartbeat as he makes My Cousin Vinny look like a piker! How about Fakebook stamp out themselves…? That would go miles toward stamping out fake news? Like him or not, David is as real as a heart attack and I say this from the heart…!

Facebook Hires “Third-Party” Fact-Checkers To Stamp Out “Fake News”
March 29, 2018

As Facebook scrambles to avoid a potentially devastating fine from the Federal Trade Commission, the company announced more measures on Thursday seemingly designed to appease Democratic lawmakers like Senator Mark Warner who are insisting that strenuous regulations are the only way to ensure that Facebook does everything within its power to prevent state actors from “sowing discord” by planting disingenuous advertisements and posts on the company’s platform.

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According to the Verge, Facebook is now partnering with “third-party fact checkers” to investigate photos and videos published on the company’s platform – while also attempting to filter out fraudulent accounts.

This, of course, is only “one part of [Facebook’s] strategy for holding purveyors of “fake news” to account.

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Bill Holter’s Commentary

We have a couple of questions…will this decision not make wealthy Saudis wary of holding assets inside the U.S. where they might be lien’d and ultimately taken by judgement? Or will wealthy Saudis even want to hold any dollar assets that must move via the SWIFT system? Oh, and just one more…will this judgement sway the Saudi government in any manner whether to continue their practice of ONLY accepting dollars for oil or might they be willing to accept yuan with no need for Western SWIFT movements?…you get the gist.

US Judge Allows 9/11 Lawsuits Against Saudi Arabia To Proceed
March 29, 2018

A US judge in New York on Wednesday rejected Saudi Arabia’s request to dismiss lawsuits accusing it of helping in the 9/11 attacks.

The cases are based on the Justice Against Sponsors of Terrorism Act (Jasta), a 2016 law that provides an exemption to the legal principle of sovereign immunity, allowing families of the victims to take foreign governments to court.

The families point to the fact that the majority of the hijackers were Saudi citizens, and claim that Saudi officials and institutions “aided and abetted” the attackers in the years leading up to the 9/11 attacks, according to court documents.

US District Judge George Daniels in Manhattan said the plaintiffs’ allegations “narrowly articulate a reasonable basis” for him to assert jurisdiction under Jasta.

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Bill Holter’s Commentary

There is a third reason, it’s called MATH!

Why Are States So Strapped for Cash? There Are Two Big Reasons
March 28, 2018

The only speaker standing between state budget officers and the opening cocktail hour at a Washington conference was the U.S. Secretary of Health and Human Services. What he said left no one in a celebratory mood.

Medicaid costs, said then-Secretary Michael Leavitt, were projected to grow so fast that within 10 years they would “crowd out virtually every other category of spending.” State spending on higher education, infrastructure and safety, he predicted, would all get squeezed.

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Bill Holter’s Commentary

There is a long list of very well known names who hope this is true!

Pope Francis: ‘There Is No Hell’
March 29, 2018

* This story has been updated to include a statement from the Vatican (below).

In another interview with his longtime atheist friend, Eugenio Scalfari, Pope Francis claims that Hell does not exist and that condemned souls just “disappear.” This is a denial of the 2,000-year-old teaching of the Catholic Church about the reality of Hell and the eternal existence of the soul.

The interview between Scalfari and the Pope was published March 28, 2018 in La Repubblica. The relevant section on Hell was translated by the highly respected web log, Rorate Caeli.

The interview is headlined, “The Pope: It is an honor to be called revolutionary.” (Il Papa: “È un onore essere chiamato rivoluzionario.”)

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Bill Holter’s Commentary

Sorry for the language but senility must really suck!

Larry King Repeal 2nd Amendment …It Was Passed To Fight Off Slaves
March 29, 2018

JUST GET RID OF IT!TMZ.com

Larry King has an interesting tidbit for why the Second Amendment should be repealed — and it’s got to do with what he says is the real reason it was created … to fight off slaves.

We got the ex-talk show host Wednesday at E. Baldi in Bev Hills, where we asked what he thought of former Supreme Court Justice John Paul Stevens’ NYT op-ed calling for the amendment giving Americans the right to bear arms to be repealed.

Larry says he’s completely on board, adding that the antiquated provision needs to be rewritten due to unclear language … and also, because it’s “real” purpose is moot now.

He backs a widely discussed theory that the Second Amendment was pushed for by Southern senators who simply wanted to fend off potential slave uprisings. How about that?

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Bill Holter’s Commentary

Are you or your loved ones still waiting to protect yourself with gold? Time seems to be running out!

Trendline Broken: Similarities to 1929, 1987 and the Nikkei in 1990 Continue
March 27, 2018

Anatomy of Waterfall Declines

In an article published in these pages in early March, I have discussed the similarities between the current chart pattern in the S&P 500 Index compared to the patterns that formed ahead of the crashes of 1929 and 1987, as well as the crash-like plunge in the Nikkei 225 Index in 1990. The following five similarities were decisive features of these crash patterns:

– a rally along a clearly discernible trendline on a linear chart

– an accelerated move toward a peak at the end of the advance

– an initial decline testing the trendline

– a counter-trend rebound

– a break of the trendline

After the trendline was broken, waterfall declines began in the three antecedents of 1929, 1987 and the Nikkei in 1990. In early March, I pointed out that the decisive development was the break of the trendline on the second test. What has happened since then?

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Bill Holter’s Commentary

SUCKERS!

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Bill Holter’s Commentary

I am sure the Easter bunny will somehow be blamed even though we know the root is fiat in nature.

U.S. Egg Prices Surge Close to Record High
March 27, 2018

Egg prices in the U.S. have surged close to a record high, just in time for Easter.

The wholesale cost of a dozen eggs in the Midwest has more than doubled in the five weeks through March 23 to $2.71, U.S. Department of Agriculture data show. That’s the highest since prices hit a record $2.77 in August 2015 amid a bird flu outbreak. This year, Easter is on April 1.

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Demand for decorating and cooking typically rises before Easter, and adverse weather in the Northeast may have prompted shoppers to stock up on grocery staples, Knox Jones, an analyst at Advanced Economic Solutions in Omaha, Nebraska, said in a telephone interview.

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Bill Holter’s Commentary

Without comment…so far.

PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour
March 25, 2018

After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour.

So far it has tracked WTI futures well, trading at around a $2 premium to WTI (when translated from yuan to USD)…

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Additionally, well over 23,000 contracts have traded within the first hour for a notional trading volume of over 10 billion yuan – more than $1.5 billion notional… signaling significant demand.

Offshore Yuan is moving in sync with ‘Petroyuan’ futures – as WTI tends to track the USD.

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Bill Holter’s Commentary

They are all doing it and they will all suffer because alternatives will arise.

The New King of Censorship, Microsoft, Controls All Content On Your Computer
March 26, 2018

The New King of Censorship, Microsoft, Controls All Content On Your Computer by Dave Hodges – The Common Sense Show

Microsoft, previously absent from any conversation regarding censorship and resulting tryannical behavior, has now moved to the head of the class when it comes to Deep State, globalist tyranny.

Notification of Changes to Microsoft’s Terms of Use

Last night at 6:46pm Pacfic, I received an email from Microsoft advising me that the terms of my usage agreement with Microsoft had changed and by virture of the fact that I was using their product, I have offered my implied consent to the new policies.

My wife and I reviewed the major points of the terms of of service over dinner. Her concluding comments included “Microsoft thinks that they can takeover everyone’s computer….” and, “Is there a viable alternative?”

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Bill Holter’s Commentary

You can bet this will not go over well!

UK Defense Secretary Claims Arrest Warrant Issued for ‘Doubtful’ Russian Capital
March 26, 2018

The UK, in response to a chemical attack in Salisbury, intends to take action against Russian capital of dubious origin, Defense Secretary Gavin Williamson said.

According to Defense Secretary Gavin Williamson, there are already warrants for the arrest of Russian finances of doubtful origin, for which a new law has recently begun to operate in the UK. The British goal is to ensure that any property attained by unknown means is registered, and for this, the necessary steps are being taken.

He promised that the government in the coming weeks and months would work very diligently and that these problems would be solved.

In his view, the goal of the Russian president is to “split the UK and its allies, but Estonia and many other states have shown that this is impossible.”

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Bill Holter’s Commentary

We would be all for this…if we knew who decided what was fake and what isn’t? Even a “jury of your peers” poses a problem because so many mush brains have graduated with a degree. Even a conundrum for George Orwell!

Malaysia Proposes Jail For Up To 10 Years, Fines For ‘Fake News’
March 25, 2018

KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak’s government tabled a bill in parliament on Monday outlawing “fake news”, with hefty fines and up to 10 years in jail, raising more concern about media freedom in the wake of a multi-billion dollar graft scandal.

The bill was tabled ahead of a general election that is expected to be called within weeks and as Najib faces widespread criticism over the scandal at state fund 1Malaysia Development Berhad (1MDB).

Under the Anti-Fake News 2018 bill, anyone who publishes so-called fake news could face fines of up to 500,000 ringgit ($128,140), up to 10 years in jail, or both.

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Bill Holter’s Commentary

…so you use Facebook? Read this string!

Bill Holter’s Commentary

For those of you who enjoy “cartoons” on Sunday morning…this is not so funny but please watch it to the end.

Bill Holter’s Commentary

Speaking of Sunday cartoons, here is one from 60 years ago, that foretold of today…amazingly it even foretold of FEMA camps! Who’d a thunk it? They did!

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Bill Holter’s Commentary

We wonder if the mindless getting a “free ride” will also be paid to protest …they would like their rights taken away?

MTV Announces Plan To Send Busloads Of Young People To Anti-Gun Violence March
March 23, 2018

MTV said Friday that it would band together with several celebrities and the NAACP to send buses of young people to the March for Our Lives anti-gun violence rally in Washington, D.C.

The march, set to take place on Saturday, is expected to draw hundreds of thousands of students to D.C. and local marches nationwide to call for gun control and school safety measures in response to mass school shootings.

MTV announced the effort on Twitter, saying the network is teaming up with the NAACP and celebrities including Jennifer Lopez, Lady Gaga, Jimmy Fallon, Carmelo Anthony and Halsey to sponsor 17 busloads of youth from communities impacted by gun violence.

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Bill Holter’s Commentary

One might ask if they should first crack down on pedophiles? Maybe then the criticism would wane and solve two problems at once?

Vatican Cracks Down on Critics of Pope Francis
March 23, 2018

The Vatican has taken new measures to punish critics of Pope Francis in a move that seems to belie the pope’s earlier calls for greater dialogue and debate within the Church.

On Thursday, the Rome-based Sovereign Order of Malta, which reports directly to the Holy See, suspended historian Henry Sire after he was revealed to be the author of the bestselling book The Dictator Pope: The Inside Story of the Francis Papacy, a critical examination of the pontificate of Pope Francis.

Meanwhile the Vatican has hired the international law firm of Baker McKenzie to force a small Spanish website called InfoVaticana.com to close its doors, allegedly for its sometimes critical tone toward aspects of the Francis papacy. The firm recently threatened a lawsuit if Infovaticana isn’t shut down and “its internet domain transferred to the Vatican.”

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