Monday, March 28, 2016

Famed Short Seller Warns Countries May No Longer Be Able To Bail Out Their Banks

"With many people wondering what’s next for the markets, today a famed short seller warned that countries may no longer be able to bail out their banks.
By Bill Fleckenstein President Of Fleckenstein CapitalMarch 24 (King World News) –Overnight markets were all 1% to 1.5% lower, and the SPOOs declined in sympathy, although once trading began in New York they rallied off those lows such that by midday the market was just modestly weaker, led by the S&P, which lost about 0.4% as it was led lower by the financials, which were once again quite weak, especially European banks..."

Egon von Greyerz Warns The World Now Faces An Economic Disaster

"On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the world now faces an economic disaster.  He also discussed the historic opportunity in the silver market.
Egon von Greyerz:  We have talked extensively about the financial and economic risks in the world Eric. As you know, my view is that the world will face an economic disaster in the next few years that will be totally devastating and lower the standard of living for all of us for a long time to come…"

Monday, March 21, 2016

Gerald Celente On Why People Are Buying Gold And Why The Price Is Headed Higher

"Today the top trends forecaster in the world spoke with King World News about why the price of gold is going higher.
Gerald Celente:  “Why are people going into gold and why are gold prices going up?  Listen to what former Fed president Richard Fischer said, ‘They (the central banks) are running out of ammunition.’  He also said, ‘We injected cocaine and heroin into the system,’ to basically keep the Ponzi scheme going.  So why are people buying gold?  Because it (the entire global financial system) is on a fake high.  So that’s why gold is going up — it’s a fraudulent game.  It’s not working.  It’s a fake high.  That’s why people are buying gold…"

Peter Boockvar – We’re Now Seeing The End Of Central Bank Influence On Markets

"Peter Boockvar told King World News that we are now seeing the end of central bank influence on markets.
Peter Boockvar:  “What we’re seeing right now is the end of the road in terms of the influence that central banks have on markets.  They got a little bit of it back last week in the last week in the stock market, but they lost control over commodities over a 5-year time frame, they’re now losing control over currencies, and at some point they are going to lose control over bonds and the stock market.  That is my biggest fear and expectation, unfortunately.”

Sunday, March 6, 2016

This 'panic index' suggests an oil-and-gas crisis could be on the way

"Little-reported but extremely critical data point for the oil and gas industry emerged yesterday. With insiders in the debt business saying that risk levels in the sector have risen to unprecedented levels.
That came from major ratings service Moody’s. With the firm saying that one of its proprietary indexes of credit problems in the oil and gas sector has hit the highest mark ever seen.
That’s the so-called “Oil and Gas Liquidity Stress Index.” A measure of the number of energy companies that are facing looming credit problems because of overextended debt.
Moody’s said that its Stress Index rose to 27.2 percent as of this week. Marking the highest level ever seen in this key indicator.
In fact, that level is now considerably worse than seen during the last recession. When the Stress Index topped out at 24.5 percent.
Moody’s said that the big jump in the index comes after a significant number of downgrades to energy company credit during February. With the firm having its biggest month ever for lowered credit scores — with a total of 25 firms seeing downgrades to their debt.
Those downgrades are largely affecting the exploration and production space. With 17 of the affected firms coming from the E&P sector. But Moody’s also said that oilfield services firms have been hit with lowered credit ratings.
Critically, the firm said that 10 E&P companies saw ratings on their corporate liquidity cut to the lowest level possible during February. Suggesting that these companies are facing serious issues when it comes to maintaining operating capital..."

ALERT: Important Update On The Fierce Battle In The Gold And Silver Markets

"Below is an important update on the war that is raging in the gold and silver markets.
The following charts are from Jason Goepfert at SentimenTrader.
King World News note:  Below you can see the commercial hedgers position in the silver market market.  Note that commercial hedgers covered a bit of their short positions on the recent action in the price of silver (see multi-year chart below).
KWN SentimenTrader I 3:5:2016The commercial shorts remain at a level (real-time) that raises serious concern.  In fact, the commercials are still close to one of their largest short positions in history.  The last time the commercials held this large of a short position in silver was in 2008.  Again, that does not mean that the price of silver cannot head significantly higher in the short-term..."

European Analyst’s Astonishing Gold Chart Reveals Massive Breakout!

"On the heels of a very good run in the gold and silver markets, analyst David P. out of Europe sent King World News a must see chart of the gold market, along with some fascinating comments about the action in both gold and silver. 
David P. out of Europe:  “Below is a chart of gold.  It looks like the start of something big.  Notice that the MACD is pointing straight up on the breakout that marked the entry of gold into the next leg higher in its secular bull market:
KWN David P. 3:6:2016
The silver MACD indicator is also starting to turn really bullish.  It’s all coming together now, at least, that’s what it feels like.”