Posted at 11:38 PM (CST) by & filed under Jim's Mailbox.

Courtesy of JB.



A step forward for the Yuan is a step backwards for the USD.


China Central Bank Pushes For Cross-Border RMB Use
January 6, 2018

The People’s Bank of China on Friday said that it encouraged cross-border and overseas use of the renminbi (RMB) currency to settle accounts and boost investment.

It acknowledged that Chinese banks have been looking to trade in offshore RMB and that there was a growing need for foreign-funded companies in China to be able to transfer investment revenue overseas.

“Enterprises may use RMB for cross-border settlement in whatever foreign currency-based trade,” the PBOC said.

The central bank’s announcement comes part and parcel of the Beijing government’s efforts to increase foreign investment in China and facilitate ease of doing business there for domestic and foreign enterprises.

This would also work to support the extensive and increasing Chinese investments abroad.

This has led to the most prominent Chinese banks to expand their business and trade in major world currencies abroad.


Courtesy of Garrett.


Bitcoins and Monkeys

It appears safe to say that the market has finally become quite easy to analyze. Let’s face it … it is so darn simple, in fact, that

hordes of people who have little to no knowledge of the market are getting it right … and many of them have been getting it right

for quite a while. Ironically, a lot of long tenured; seasoned; and knowledgeable professionals have not been getting it right …

and many of those have been missing the boat for quite some time. Maybe some of you remember that Bernard Baruch sold out

of the market in 1928. The young bucks of that day said it was too hot in the kitchen for old Bernie. Leading into 2000, just about

everyone knew that Warren Buffett was not in any technology stocks. Just like in 1929, those ‘twenty-something’ guys knew that

old Warren just wasn’t with it enough to get behind those tech stocks. Around that same time there were stories of doctors and

lawyers who were making so much money in the stock market that they dropped out of their professions in favor of the ‘easy

money’ in the stock market. Nowadays we are once again in fortunate times. It’s just too darn easy. There is no thinking required

… why waste the time in having a plan? You don’t need one. Discipline? What’s that? Just BUY! Don’t be an idiot … if you

hesitate, someone else is getting the easy money that could be yours. All the guys on the financial TV shows are telling you …

JUST BUY! The talk show hosts are telling you … your barber is telling you … the guy who fixes the cracks in your driveway knows

… the president is telling you … past presidents are telling you … dead presidents will tell you if you walk by the graveyard at

midnight. C’mon man!


Posted at 11:35 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Today’s world requires courage.

Bill Holter’s Commentary

Here we go with Antarctica news again.  What are they getting us ready for?

NASA Detects Strange Electric-Blue Clouds Over Antarctica
January 8, 2018

NASA’s AIM spacecraft is monitoring a vast ring of electric-blue clouds circling high above Antarctica.

These are noctilucent clouds (NLCs), made of ice crystals frosting specks of “meteor smoke” in the mesosphere 83 km above the frozen continent. Here is an animation from the past week:


Bill Holter’s Commentary

This is about as negative for EVERYTHING paper as it gets …and conversely positive for gold and silver!  If China try follows through with this, they have effectively pulled the plug and shut off the credit card of the U.S.

China Weighs Slowing or Halting Purchases of U.S. Treasuries
January 10, 2018

China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market.

Senior government officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter. The news comes as global debt markets were already selling off amid signs that central banks are starting to step back after years of bond-buying stimulus. Yields on 10-year Treasuries rose for a fifth day, touching the highest since March.

China holds the world’s largest foreign-exchange reserves, at $3.1 trillion, and regularly assesses its strategy for investing them. It isn’t clear whether the officials’ recommendations have been adopted. The market for U.S. government bonds is becoming less attractive relative to other assets, and trade tensions with the U.S. may provide a reason to slow or stop buying American debt, the thinking of these officials goes, according to the people, who asked not to be named as they aren’t allowed to discuss the matter publicly. China’s State Administration of Foreign Exchange didn’t immediately reply to a fax seeking comment on the matter.


Posted at 7:56 AM (CST) by & filed under In The News.

Greyerz – This Is The Real Reason Why 2018 Will Be An Absolutely Terrifying Year
January 08, 2018

As we kickoff the new year, this is the real reason why 2018 will be an absolutely terrifying year.

January 8 (King World News) – Egon von Greyerz:  “Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite…


Bill Holter’s Commentary

Made by man?…hackable by man!

The World’s Largest Biometric ID System Keeps Getting Hacked
January 8, 2018

Critics of India’s Aadhaar—the world’s largest biometric identification system—have been vocal about its infrastructural flaws for years. Their fears have turned into reality as the list of security breaches into the system keeps growing.

Access to the personal data of more than 1 billion people is for sale for less than $10 through WhatsApp. India’s The Tribune newspaper was able to buy the data and also claimed that it could buy software that would allow them to print fake Aadhaar cards for about $5 more.

Aadhaar data includes fingerprints, retina scans, names, addresses, and phone numbers through which SIM cards can be purchased, and important government services and bank accounts can be accessed. According to multiple reports, biometric data was not exposed on WhatsApp, but names, addresses, emails, photographs, and phone numbers were.


Bill Holter’s Commentary

All I can cay is WOW!

Facebook Censors Charles C. Johnson For Writing “Hating Russians Is The Last Socially Acceptable Prejudice”
January 8, 2018

Facebook has censored the account of GotNews Editor-in-Chief Charles C. Johnson over a status he posted that simply read “Hating the Russians is the last socially acceptable prejudice.”

Johnson wrote the innocuous post to highlight how pervasive anti-Russian prejudice is in the public discourse right now:


Posted at 7:49 AM (CST) by & filed under Jim's Mailbox.

Our friend Robert checks in.


Logical move on Russia’s part especially given China’s ambitions becoming a possible reserve currency and the weakness of Europe itself.

And yes, an opportunity for both the US and Canada and one not recognized in enough time to act.



Europe Becomes Victim of Russia’s Newest Oil Strategy
January 7, 2018

Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest stage of Russia’s Eastern pivot: the launch of the expanded East Siberia-Pacific Ocean pipeline that would lift Urals crude supply to China twofold, to 30 million tons annually.

FGE said in a note quoted by Bloomberg that Russia will start moving more Urals eastward right after the launch of the pipeline extension, at a rate of 160,000 bpd. The overall increase of Russian crude shipments to China, according to the consultancy, could be around 200,000 bpd.

This means less oil for Europe, which is Russia’s number-one oil client. This only highlights the significance of Moscow’s Asian pivot amid lingering European sanctions following the 2014 annexation of Crimea and Russia’s involvement in separatist conflicts in the Ukraine.


Posted at 10:15 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

“Unusual”? No, it is called insider trading and in this case really REALY DUMB! I would simply ask “how” someone this dumb was chosen to run a company?

Intel CEO’s Stock Sale Called Unusual by Private Securities Specialists
January 8, 2018

The sale of Intel Corp. stock by Chief Executive Brian Krzanich while the company was handling concerns about security flaws in its chips was a highly unusual move that risked attracting regulatory scrutiny, according to lawyers and analysts who follow executive stock sales.


Posted at 2:33 AM (CST) by & filed under Jim's Mailbox.


I listened to the interview from yesterday. I’m not sure if you guys have listened to Greg Hunter interview wrap up for last week, but it is a doozy. There was one point I was interested in this last week that was not talked about. There was a 700 point plus rise in the Nikkei in one day and the next day was 200 Point Plus rise.

You both have drilled into us that the stock market moves rapidly to the upside when hyperinflation begins to set in. Did we just witness  signs of that in Japan? Things start in breadcrumbs, and I have not seen that in a very long time, if it all?

Thanks for everything,




Such an equity market has always been a precursor to a reset.