Socio-Economics History Blog

Socio-Economics & History Commentary

James Turk: “Silver Will Hit New Highs in a Matter of Weeks”!

Click on chart for full KingWorldNews article!

  • With gold’s ‘crazy brother’ silver, anything is possible. This prognostication by James Turk is startling. If it was anyone else I will just ignore it. James Turk is an old and highly experience hand in the precious metals market. The market feedback is that even though silver has sold off 33% from its $49.78 high, the open interest is not falling. Weaker longs have liquidated but new ‘bigger boys’ have joined the fight and increased their longs!
     
    In commodity rout, more traders getting in than out
    By Lisa Shumaker, Reuters
    … This time around, that doesn’t seem to be whole story, or even the right one. Exchange data shows that not all traders were running for the doors; some added to positions, many betting on more losses rather than locking in profits. In the hardest hit markets — oil and silver — the number of bets on the market rose even as prices crashed. … But for open interest to go up even as shorts enter the market it means only one thing: someone else is going long, and long in a big way.
     
  • It appears that the feedback that the: Chinese, Russians, Brazilians, Indians … are the Big Boys is correct. They are the strong hands who are probably dumping their USD for precious metals. This will cause immense volatility and is a death knell for the bullion banksters. Sit tight silver bulls, gold’s crazy brother might just stunned everyone with one helluva move to the up side! KingWorldNews.com:  
     
    James Turk – “Silver Will Hit New Highs in a Matter of Weeks”
    By James Turk, Founder of GoldMoney.com

    May 9 (King World News) Silver’s price drop last week has been variously called historic, extraordinary and unprecedented.  It was none of those, as is clear from the following chart (above).  We’ve been here before, note the four red ovals.  All four outline similar drops in price over short periods of time.  
     
    This chart is prepared on a log scale so that the distances shown on the chart can easily be compared in percentage terms.  In other words, last week’s drop in the silver price from near $50 is essentially no different in percentage terms from the drop that occurred once $15 was approached in 2006 or the drop after $8 was reached in 2004.  In both of these prior instances, silver bottomed after the drop, marking a level from which it climbed to eventually make a new high.
     
    The drop in silver’s price in 2008 was different.  Silver continued lower, breaking down from the red oval, but we all know why that happened.  Lehman Brothers had collapsed, and in the subsequent rush for liquidity, every asset class was hit – even gold and silver. ..
     
    So what is ahead for this current correction?  ..  This time I expect silver will take only several weeks before exceeding $49.78, the 31-year high reached on April 25th.  The reason?
     
    As evidenced by silver’s backwardation, .., the demand for physical silver has really accelerated.  As a result of last week’s price decline, backwardation has roughly doubled in size.  This is clearly a a signal of strong demand for physical silver, …
     
    … for the full article click here !

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May 10, 2011 Posted by | Economics | | Comments Off on James Turk: “Silver Will Hit New Highs in a Matter of Weeks”!

Hong Kong Mercantile Exchange To Start Trading 1 Kilo Gold Bar Futures Contract on 18 May With Delivery In Hong Kong!

  • This is great news for precious metals bull. We no longer have to rely on Crimex for gold futures contract. It will not surprise me when the HKMEX offer a silver contract soon! The grip of Crimex will be broken!
     
    HKMex set for trading debut on May 18 with 1 kg gold futures
    by http://www.commodityonline.com/
    HONG KONG (Commodity Online): The Hong Kong Mercantile Exchange (HKMEx) has received authorisation from the Securities and Futures Commission and will make its trading debut on May 18, 2011 with the 1-kilo gold futures contract offered in US dollars with physical delivery in Hong Kong.
     
    The ATS authorisation grants HKMEx the right to offer market participants, through its member firms, the use of its state-of-the-art electronic platform to trade commodities. The Exchange will begin trading with at least 16 members including some of the world’s largest financial institutions as well as several well-established brokerages in Hong Kong.
     
    “We are very excited about this historic day. It allows us to establish a liquid and vibrant international commodities exchange based in Hong Kong, linking China with the rest of Asia and the world,” said Barry Cheung, chairman of HKMEx. “Global demand for core commodities has in recent years been driven by Asia, especially China and India. However, market participants in the region have had to rely on Western exchanges for price discovery, bearing the basis risk exposure in the process. Our new platform will offer Asia a bigger say in setting global commodity prices. It will also enable market participants to more actively manage their risk exposures, using products tailored to Asian market needs.”
     
    HKMEx’s broking members at launch include BOCI Securities Ltd, Celestial Commodities Ltd, CES Capital International Co. Ltd, Chief Commodities Ltd, ICBC International Futures Ltd, Interactive Brokers LLC, KGI Futures (Hong Kong) Ltd, MF Global Hong Kong Ltd, Morgan Stanley Hong Kong Securities Ltd, OSK Futures Hong Kong Ltd, Phillip Commodities (HK) Ltd, Tanrich Futures Ltd and TG Securities Ltd. Its three clearing members are Interactive Brokers (UK) Ltd, MF Global UK Ltd and Morgan Stanley & Co International Plc.
     
    Trading hours will run between 0800 to 2300 Hong Kong Time, overlapping commodity markets in Europe and the US. “This helps to promote cross-continent trading and boost liquidity,” said Albert Helmig, president of HKMEx. “It also offers participants extensive opportunities for hedging, arbitrage and effective risk management.”
     
    In the pipeline are standardised products which will either be physically or financially settled, covering precious and base metals, energy, agriculture and commodity indices.
     
    HKMEx is uniquely positioned to take advantage of the liberalisation of the renminbi in Hong Kong, according to a press release. “China’s pilot scheme for the settlement of overseas direct investments in the Chinese currency has not only increased cross-border trade settlement and liquidity, but also created a strong demand for renminbi-denominated investment instruments,” said Mr Helmig.
     
    All transactions on HKMEx will be cleared through London-based LCH.Clearnet – a leading independent clearing house serving major international exchanges. HKMEx has attracted shareholders from around the globe including China’s ICBC and COSCO Group as well as Russia’s En+ Group, among others.
     
    “We are very fortunate to have such a strong shareholder base in addition to a board of directors who are of the highest calibre in their own fields. Our management experience, together with cutting-edge technology, market focused products, and Hong Kong’s strategic location and infrastructure will ensure HKMEx a promising future,” said Mr Cheung

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May 10, 2011 Posted by | Economics | | Comments Off on Hong Kong Mercantile Exchange To Start Trading 1 Kilo Gold Bar Futures Contract on 18 May With Delivery In Hong Kong!

Bob Chapman: The US Government Orchestrated Silver Sell-Off!

May 10, 2011 Posted by | Economics | , , , , | Comments Off on Bob Chapman: The US Government Orchestrated Silver Sell-Off!

Chris Hedges: Your Taxes Fund Anti-Muslim Hatred !

Be careful of all the Illuminists' fear and hate propaganda and psyop! Chris Allen's book cover on Islamophobia!

  • The Illuminists are escalating their Satanic World War 3 plan to divide and conquer the sheeple. Unfortunately, the sheeple are buying into their fear and hate rhetoric and psyop!
     
    Albert Pike, Satanic World War 3 Plan 
    The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.
     
  • The God of the Bible never taught me to hate and kill Muslims! Always to love! Absolutely to love! These Illuminist snakes are manipulating us to fulfil their agenda of destroying Christianity! (emphasis mine)
     
    Albert Pike, Satanic World War 3 Plan  continue..
    We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
     
    Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view.
     
    This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.” 4
      
  • These Illuminist snakes are led by the Dark Lord: Lucifer, the spirit who now works in the children of disobedience. In reality, Muslim Terrorism is a funded, organized, managed … by the Illuminati.
     
    Ephesians 2:2 (New King James Version)
    2 in which you once walked according to the course of this world, according to the prince of the power of the air, the spirit who now works in the sons of disobedience,
     
    Your Taxes Fund Anti-Muslim Hatred
    by Chris Hedges, www.truthdig.com
    News personalities, politicians, self-appointed experts on the Muslim world, and law enforcement and intelligence officials, as well as the Christian right, have successfully demonized Muslims in the United States since the attacks of 2001. It is acceptable to say things openly about Muslims that could never be said about any other ethnic group. And as the economy continues to unravel, as we face the possibility of revenge attacks by Islamic extremists, perhaps on American soil, the plight of Muslims is beginning to mirror that of targeted ethnic minority groups on the eve of the war in the former Yugoslavia, or Jews in the dying days of the Weimar Republic.
     
    The major candidates for the Republican nomination for the presidency, including Rick Santorum, Michele Bachmann, Herman Cain, Newt Gingrich and Mike Huckabee, along with television personalities such as Bill Maher, routinely employ hate talk against Muslims as a way to attract votes or viewers. Right-wing radio and cable news, including Christian radio and television, along with websites such as Jihad Watch and FrontPage, spew toxic filth about Muslims over the airwaves and the Internet. But perhaps most ominously—as pointed out in “Manufacturing the Muslim Menace,” a report by Political Research Associates—a cadre of right-wing institutions that peddle themselves as counterterrorism specialists and experts on the Muslim world has been indoctrinating thousands of police, intelligence and military personnel in nationwide seminars.
     
    These seminars, run by organizations such as Security Solutions International, The Centre for Counterintelligence and Security Studies, and International Counter-Terrorism Officers Association, embrace gross and distorted stereotypes and propagate wild conspiracy theories. And much of this indoctrination within the law enforcement community is funded under two grant programs for training—the State Homeland Security Program and Urban Areas Security Initiative—which made $1.67 billion available to states in 2010. The seminars preach that Islam is a terrorist religion, that an Islamic “fifth column” or “stealth jihad” is subverting the United States from within, that mainstream American Muslims have ties to terrorist groups, that Muslims use litigation, free speech and other legal means (something the trainers have nicknamed “Lawfare”) to advance the subversive Muslim agenda and that the goal of Muslims in the United States is to replace the Constitution with Islamic or Shariah law.
     
    “You would not expect a Democratic administration to fund right-wing groups,” Thom Cincotta, a civil liberties attorney and the author of the Political Research Associates report, told me, “and yet we continue to have hard-right, Islamophobic speakers and companies being paid taxpayer dollars to promote racist doctrines that undermine U.S. national security policy concerning Islam and the Muslim world. Policy expert after policy expert point out that framing our counterterrorism efforts as a war against Islam is a recipe for building increased resentment among Muslims, as well as a potent recruiting tool for those who would like to carry out violent attacks against us. This kind of demonizing breaks down communication between law enforcement agents and Muslim communities, which have proven to be strong allies in the rare instances of domestic extremism. Not only does it threaten to erode basic civil liberties, it threatens freedom of expression and freedom of worship.”
     
    The effects of this campaign of racial hatred are being felt throughout the Muslim community. Those with Muslim names are routinely harassed at airports, and many who wear traditional Muslim dress report mounting cases of verbal and sometimes physical abuse. Muslim children endure taunts in schools. Muslims complain of intrusive surveillance, unconstitutional profiling and frequent mistreatment by law enforcement. The practice of Islam, especially in its traditional forms, is now viewed by many as a sign of criminal intent. And with the rise of the surveillance and security state—we now have 854,000 people working in our domestic security apparatus and 800,000 more employed as police and emergency personnel—national law is being turned into an instrument of overt repression against a religious minority.
     
    …. for the full article click here!

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May 10, 2011 Posted by | GeoPolitics | , , , , | 1 Comment

Obama: “We Could Not Say Definitively That Bin Laden Was There” !

  • The Osama Bin Laden killed on 1 May 2011, psyop is falling apart! Anyone with half a brain cell can tell you that it is a LIE! Only the MSM continues to perpetuate the myth and pretend that we all believe it!
     
    Obama: “We Could Not Say Definitively That Bin Laden Was There” 
    by Paul Joseph Watson, www.Infowars.com 
    During his 60 Minutes interview with CBS News last night, Barack Obama admitted that US intelligence was only 55/45 confident that Bin Laden was even in the compound raided last Sunday night, fearing that the occupant could actually have been a “prince from Dubai,” a skepticism shared by residents of Abbottabad, one of whom told the BBC that the man seen watching television in the tapes released by the White House Saturday was in fact his neighbor, not Bin Laden.
     
    The relevant comments are made after the 10 minute mark.
     
    “Obviously, we’re going into the sovereign territory of another country and landing helicopters and conducting a military operation. And so if it turns out that it’s a wealthy, you know, prince from Dubai who’s in this compound, and, you know, we’ve spent Special Forces in — we’ve got problems,” Obama told 60 Minutes host Steve Kroft.
     
    “At the end of the day, this was still a 55/45 situation. I mean, we could not say definitively that bin Laden was there. Had he not been there, then there would have been significant consequences,” the president added.
     
    The White House’s massive uncertainty that Bin Laden was even in the compound and that US forces could instead have been raiding a “prince from Dubai,” is interesting given the fact that the vast majority of neighbors who lived around the house in Abbottabad remain convinced that both the man who lived there and the individual shown watching television in the tape released by US officials Saturday was not Bin Laden.
     
    In a BBC News report, Orla Guerin interviewed dozens of people who were adamant that Bin Laden did not live in the compound, with none of them ever witnessing him or hearing rumors that he was there in the five years that Obama claimed Bin Laden was a resident in the town. “It’s all a fake, nothing happened,” said a newspaper seller who has been working in the town for 50 years.
     
    Another resident told Guerin that the man seen in the video footage of Osama allegedly flicking between television channels is in fact his neighbor, not Bin Laden. “His name is Akhbar Han, he owns the house they said was Osama’s house, I know him very well,” the man stated. After speaking to “more than 50 people in the market,” Guerin found only one who believed that the man watching television was Bin Laden.
     
    As we documented on Saturday, while the face of the man watching television can hardly be seen, the other videos released by the White House show a Bin Laden that looks a lot younger and healthier than he did in 2001. All of the other videos look almost identical to footage first released in 2007 by the Pentagon front group SITE.
     
    … for the full article click here!
  • Quote from video:
    An eyewitness of Pakistan said, “We are not fools, it’s America, and the dirty American policies. Whenever they want to take control of an area, they act this way. Osama was never here, America wants to destroy the image of the Pakistan army.”
     
    Pakistan president Asif ali Zardari has denied that Pakistan knew about Osama’s presence in the country. And those who live close to this compound say bin Laden was never in that house.
     
    An eyewitness of Pakistan said, “I have lived here all my life, I have never seen Osama Bin Laden come or go from here. We are a close knit community. At least we would have seen him once, but we did not. And even if he was killed, the Pakistan army should have conducted the operation” When I spoke with the members of the anti terrorist squad, surprisingly even they couldn’t confirm Bin Laden’s killing

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May 10, 2011 Posted by | GeoPolitics | , , , , | 1 Comment

Osama Bin Laden: Long Dead Nemesis of The Corrupt US Government!

  • There are many documented evidence of Osama Bin Laden’s death about 10 years ago. Here are some:
     
    Is Osama bin Laden dead?
    by Gregory Patin, www.examiner.com 
    November 30th, 2009
    The report, however, seems to overlook the fact that bin Laden was suffering from diabetes, Hepatitis C, and an “untreated lung complication” and would have had to have “walked unmolested” out of the rugged mountains of Afghanistan under the surveillance of “thousands” of special operations troops with at least one kidney dialysis machine in tow. The report also does not mention that electricity to power dialysis machines may be difficult to generate on the move through the mountains of Afghanistan.
     
    CNN’s Dr. Sanjay Gupta stated in Jan. 2002: “The sort of frosting of the appearance is something that people a lot of times associate with chronic kidney failure, renal failure, certainly someone who is requiring dialysis would have that.”
     
    Gen. Peter Bergen concurred on CNN on Feb. 1, 2002 that in bin Laden’s Dec. 27, 2001 video, “he’s barely moving the left side of his body. So he’s clearly got diabetes. He has low blood pressure. He’s got a wound in his foot. He’s apparently got dialysis … for kidney problems. I mean, this is a man who has a number of health problems, apart from the fact that anybody running around the Afghan mountains is not going to be in great shape.” Other reports claimed bin Laden was wounded by shrapnel in his left hand and arm at Tora Bora in 2001 as well.
     
    The latest report also ignores numerous reports in both mainstream U.S. media and international media that bin Laden is probably dead. In Jan. 2002, Pakistani president Gen. Pervez Mushharraf said in an interview with CNN, “I think now, frankly, he is dead for the reason he is a … kidney patient.” The BBC reported on July 18, 2002 that the FBI’s counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is “probably” dead. Afghan president Harmad Karzai concurred when he said on CNN’s Late Edition on Oct. 8, 2002, “I would come to believe that [bin Laden] probably is dead.” Before Benazir Bhutto was assassinated, she also said bin Laden is dead. Janes reported in Dec. 2002 that “bin Laden was never on the annual list of Islamist extremists issued by the espionage and security services” of Israel.

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May 10, 2011 Posted by | GeoPolitics, History | , , | 1 Comment

Flashback Jan 2002: Pakistan President Musharraf – Bin Laden Probably Dead !

Osama died in December 2001 of kidney failure! Click on image to goto article!

  • Osama Bin Laden died in December 2001 of kidney failure. He has been dead for a long time. The Global War on Terrorism is a HOAX. The Illuminists are simply executing their plan of world conquest using false pretenses!

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May 10, 2011 Posted by | Economics | , , , , | 1 Comment

WhatReallyHappened.Net Poll: When Did Osama Die?

We ain't buying the US government's propaganda and lies! Source: http://whatreallyhappened.com/

  • Looks like the Illuminist US government bombed Big Time with their Osama propaganda. You have to be a naive idiot to believe all the BS they put out on the Illuminist owned western MSM !

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May 10, 2011 Posted by | GeoPolitics | , , , , | 1 Comment

How The Media Cheated The World With a Fake Dead Photo of Osama Bin Laden!

May 10, 2011 Posted by | GeoPolitics | , , , | 1 Comment