Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Sinclair: This Is The Beginning Of The End For The Gold Shorts!

Matador_Gored_by_Bull

  • Sinclair – This Is The Beginning Of The End For The Gold Shorts! 
    by www.kingworldnews.com
    Today legendary trader Jim Sinclair told King World News that, despite the volatility, what we are witnessing is the beginning of the end for the gold shorts.  Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this tremendous interview.

    Sinclair:  “I think it’s critically important for investors to realize that the COMEX warehouse is not going to wait for significant further declines in their inventories before they adjust their settlement mechanism.

    Yesterday we pointed out that during the Hunt crisis there was this type of adjustment made by the COMEX  Board of Directors.  We also quite clearly demonstrated that there is a strong correlation between the present lack of supply in the gold market and what happened back in 1980. So any further significant drawdowns on the COMEX warehouse are going to cause to the COMEX go to a new type of settlement….

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April 25, 2013 Posted by | Economics | , , , , , , , , | Comments Off on Jim Sinclair: This Is The Beginning Of The End For The Gold Shorts!

Now Officials Claim Boston Bombing Suspect Was NOT Armed in Boat Showdown – Despite Police Account of Firefight and Him ‘Shooting Himself’!

http://www.dailymail.co.uk/news/article-2314448/Now-officials-claim-Boston-bombing-suspect-NOT-armed-boat-showdown--despite-police-account-firefight-shooting-himself.html

The official account is another 9/11 fantasy!

April 25, 2013 Posted by | GeoPolitics, Social Trends | , , , , , , , | 1 Comment

Silver is Following its 1970s Pattern!

Silver_Comaprison_PresentDay_vs_1971-80s

  • Silver is Following its 1970s Pattern! 
    by Jordan Roy-Byrne, CMT, http://www.silverseek.com/ 
    The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.

    (Note that the blue prices are rescaled). The initial bull run was stronger, lasted a few more months and that could be why the current correction is slightly deeper. Nevertheless, look at how similar the two are!

    Its important to note that huge moves require long periods of digestion and correction. Commodities typically encounter near vertical moves that are sprung from deeply oversold conditions or multi-year consolidations. The two initial advances on the chart are quite similar and that is a reason why the ensuing corrections are similar.

    Moving along, Silver is at an interesting juncture as it continues to hang above multi-year support at $26 amid persistent extreme bearish sentiment. This chart from Tiho Brkan shows that gross speculative short positions are at their highest levels in decades. The short positions are potential fuel for a sharp rebound.

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April 25, 2013 Posted by | Economics | | Comments Off on Silver is Following its 1970s Pattern!

Jim W. Dean: US-Israel Pursue the Neocon Policy of Waging Wars!

https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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April 25, 2013 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Jim W. Dean: US-Israel Pursue the Neocon Policy of Waging Wars!

IAEA Must Focus on Israeli Nukes!

http://www.wired.com/science/discoveries/news/2007/10/dayintech_1005#

https://socioecohistory.wordpress.com/2011/05/26/ashkenazi-jews-are-not-descendents-of-the-biblical-israelites-2/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

“In 2001, Dr. Ariella Oppenheim, of Hebrew University, a biologist, published the first extensive study of DNA and the origin of the Jews. Her research found that virtually all the Jews came from Khazar blood. Not only that but Oppenheim discovered that the Palestinians—the very people whom the Jews had been persecuting and ejecting from Israel’s land since 1948—had more Israelite blood than did the Jews. In sum, the vast majority of the Jews were not Jews; some of the Palestinians were. Some of the Palestinians even had a DNA chromosome which established that they were “Cohens”—workers at the ancient Temple and synagogues of the Jews.” – Quote

https://socioecohistory.wordpress.com/2013/03/12/professor-noam-chomsky-jew-my-visit-to-gaza-the-worlds-largest-open-air-prison/

Click on image for article!

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April 25, 2013 Posted by | GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on IAEA Must Focus on Israeli Nukes!

US Wars Radicalize World, 98% of Drone Casualties Civilians!

http://www.globalresearch.ca/cia-drone-attacks-killing-suspects-just-in-case-they-are-guilty/5324613

Click on image for article!

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April 25, 2013 Posted by | GeoPolitics | , , , , , , , | Comments Off on US Wars Radicalize World, 98% of Drone Casualties Civilians!

Gold Bars in Dubai Disappear, Some at 750% Premiums!

Remember the Golden Rule: He who has the gold makes the rules!

Remember the Golden Rule: He who has the gold makes the rules!

  • Gold bars in Dubai disappear, some at 750% premiums! 
    by Shivom Seth, http://www.mineweb.com/
    The desire to own gold, as an investment and for jewellery purposes, has made itself felt in the physical market in India and in Dubai, where premiums are ruling at an all time high.

    To cash in on the investor frenzy, gold dealers in Dubai have raised their premiums to 750%, given the prevailing uncertainties over the global economy. Renowned for its role as the best place in the world to buy gold, Dubai has had an impromptu gold festival under way. The Dubai market is dominated by Indians.

    While some traders are selling gold bars at a premium of $50 per ounce, others are pushing mark ups as high as 750% above normal, say retailers. Most gold traders are reluctant to release more gold into the market as they expect prices to peak as demand increases. Right now, Dubai is facing a shortage of gold.

    After scaling an all time high of $1,924 per ounce in September 2011, the precious metal slid to $1,335 on April 16 – a decline of 30% from its peak. That has got shoppers in a frenzy in Dubai.

    The majority of shoppers queuing up in front of jewellery stores, mostly in the Meena Bazaar and the gold souk (market) areas in Dubai are Indians, with a sizeable segment hailing from Kerala. Dubai merchants say sales have jumped by 400% following the recent price plunge. The consumption pattern reflects typical Indian preferences.

    The majority of Indian consumers in Dubai do not prefer paper gold in the form of exchange traded funds (ETFs). Though gold coins and bars are amongst those items that are hot selling, the bulk of the purchasing since the prices fell has been in the form of jewellery.

    K.V. Shamsudheen, director, Barjeel Geogit Securities, a broking firm, says the sharp drop in prices has coincided with the marriage season in Kerala, in South India, that starts from June. “That is one of the significant contributory factors driving up demand,” he adds.

    Moreover, trading on the Dubai Gold and Commodities Exchange hit record volumes on April 16. The Exchange saw the highest ever overall daily trading value of $3.8 billion, with a record 103,126 contracts.

    read more!

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April 25, 2013 Posted by | Economics | , , , | 1 Comment

Kim Kardashian’s New Illuminati All-Seeing Eye Diamond Bracelet !

April 25, 2013 Posted by | Social Trends | , , , | 1 Comment

Bill Murphy & Don Harrold: SILVER CRASH ! What Now? $800 SILVER & $8000 GOLD?!

April 25, 2013 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Bill Murphy & Don Harrold: SILVER CRASH ! What Now? $800 SILVER & $8000 GOLD?!

“Panic” For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple!

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • “Panic” For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple! 
    by Tyler Durden, www.zerohedge.com
    Following the entire “developing” world (where faith in paper money “backed” by $1 quadrillion in derivatives is at times questioned, and instead the people, for some inexplicable reason, fall back to hard currency equivalents) scrambling out to their local precious metal dealers to find “out of gold” signs virtually everywhere, yesterday it was the US Mint’s turn to announce it had halted shipments of the popular one-tenth ounce gold American Eagle coin as it had run out, following a surge in demand (we expect this shortage will soon spread widely to traditional one-ounce denominations shortly).

    Things in the US have gotten so bad, not only are most online dealers backlogged weeks and months in advance for most PMs (as the CEO of Texas Precious Metals explained in detail), but respected bullion vaults are also now on the verge of running out of inventory. As Reuters described, “Michael Kramer, president of Manfra, Tordella & Brookes (MTB), a major U.S. coin dealer in New York, has been inundated by orders from existing and new wholesale and retail customers. “It’s panic. This is one of the busiest times in quite a while. People think gold’s at the lows and they want to take advantage.

    It was only a matter of time before the last bastion of paper money, London, also succumbed to the soaring demand for physical, and sure enough moments ago Bloomberg reported that the “Britain’s Royal Mint, established in the 13th century, sold more than three times more gold coins this month than a year earlier as prices declined.”

    Sales are more than 150 percent higher than last month, according to Shane Bissett, director of bullion and commemorative coin at the Royal Mint.

    “Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” Bissett said by e-mail in response to questions from Bloomberg. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”

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April 25, 2013 Posted by | Economics | , , , , , , , , , | Comments Off on “Panic” For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple!

Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories!

Continued-Comex-Bullion-Inventory-Collapse

  • Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories
    by Tekoa Da Silva, http://bullmarketthinking.com/ 
    As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.

    As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.

    Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.

    Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.

    The largest physical removals were reported by the Comex at about 1.4 million ounces, or nearly $2 billion dollars, and the GLD, which reported total inventory removal of nearly 4 million ounces, or roughly over $5.6 billion dollars.

    Here is a chart illustrating the continued gold inventory plunge at Comex warehouses (see initial April 9th. piece for comparison): (top of post)

    read more!

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April 25, 2013 Posted by | Economics | , , , , , , , , | Comments Off on Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories!

Worldwide Silver Shortage As Premiums On Silver Eagles Reach 40% !

Going, going ..... gone soon!

Going, going ….. gone soon!

  • Worldwide Silver Shortage As Premiums On Silver Eagles Reach 40%! 
    by Jason Hamlin, http://seekingalpha.com/ 
    COMEX silver prices once again dipped below $23 today. My previous article entitled Ignore COMEX Pricing – Silver Eagles Sold Out at Dealers, $33 on Ebay detailed just how divorced from reality the COMEX price has become. So with another dip Tuesday, I decided to try to get my hands on some more silver coins. I realized before I picked up the phone that it would be difficult, but I have a few dealers in Colorado and California that have consistently been able to find supply at reasonable premiums.

    Not anymore. The first phone call that I made was to one of the largest bullion dealers in Southern California, where I have bought a good deal of my physical gold and silver over the past decade. In fact, I had just bought several rolls of silver eagle coins from them last month at around $2.65 over spot price per ounce. I also purchased some for a family member back in January and paid the same premium.

    In the past when some analysts were talking about a supply shortage and rising premiums, I was always able to find supply from this particular shop with a reasonable premium that was never more than 10% over the spot price. But today I was told that I could only order for future delivery at some point in late May or June and that the premium was $5 over the spot price.

    In just the past few weeks the premium has nearly DOUBLED, despite the silver price dropping sharply and investor sentiment supposedly at multi-year lows. The manager of the shop told me the silver shortage was worldwide and it was more difficult than ever to secure supply and keep up with demand.

    Not one to give up so easily, I proceeded to call a friend and colleague that runs Cornerstone Bullion out of Denver, Colorado. I have purchased bullion from Chad in person several times and have recommended his services to my readers. He has always been able to find supply for me and while the premiums have fluctuated, they have consistently remained within a few percentage points of the lowest-priced online dealers. This was his reply:

    Most everything is shipping early June from the Mint. Premiums are $4.99-5.50 right now, depending on quantity. It’s pretty crazy out there right now. Junk silver is $5-6 over spot!

    I then went online to Tulving.com to see if they had replenished stocks, but all of their popular silver bullion products remain ‘Sold Out’ including silver eagles. APMEX appears to have inventory, but they are asking around $31 per silver eagle or roughly $8 over spot price. That is a premium of 36% to the spot price.


    eBay (EBAY) prices are even higher at around $32 per ounce for silver eagles or $9 over spot price. This is a premium of roughly 40%! Silver eagles from a few years back are selling for $700 or more per roll of 20, which is $12 over the spot price and a premium of more than 50%.

    read more!

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April 25, 2013 Posted by | Economics | , , , , , , , , | Comments Off on Worldwide Silver Shortage As Premiums On Silver Eagles Reach 40% !

Was Tamerlan Tsarnaev Radicalized by The CIA?

  • Tamerlan Tsarnaev Attended CIA-sponsored Workshop
    by Kurt Nimmo, www.Infowars.com 
    Was Tamerlan Tsarnaev Radicalized by The CIA?
    Tamerlan Tsarnaev attended a workshop sponsored by the CIA-linked Jamestown Foundation, Izvestia reports today (see English translation here). The Russian newspaper cites documents produced by the Counterintelligence Department Ministry of Internal Affairs of Georgia confirming that the NGO “Fund of Caucasus” held workshops in the summer of 2012 and Tsarnaev attended.

    In 2012, Tsarnaev spent six months in Dagestan, a region neighboring Chechnya. The FBI interviewed him the previous year but said it found no evidence that he was a threat. On Tuesday, Homeland Security boss Janet Napolitano said her agency was aware of the trip and, on Wednesday, Secretary of State John Kerry stated Tsarnaev returned from Russian trip “with a willingness to kill people.”

    The Caucasus Fund was established in November, 2008, following the Georgian-Ossetian conflict. The main purpose of the organization, according to Izvestia, is “to recruit young people and intellectuals of the North Caucasus to enhance instability and extremism in the southern regions of Russia.”

    Moscow has explicitly criticized the Jamestown Foundation for engaging in an anti-Russian propaganda campaign. “Organizers again and again resorted to deliberately spreading slander about the situation in Chechnya and other republics of the Russian North Caucasus using the services of supporters of terrorists and pseudo-experts. Speakers were given carte blanche to spread extremist propaganda, [and] incite ethnic and inter-religious discord,” said the Foreign Ministry of Russia in December, 2007.

    The Jamestown Foundation is a known CIA front. It “is only an element in a huge machine, which is controlled by Freedom House and linked to the CIA,” writes the Voltaire Network. “In practice, it has become a specialized news agency in subjects such as the communist and post-communist states and terrorism.” It “publishes specialized bulletins on both the post-communist world and terrorism, which serve as reference for Washington’s think tanks. University scholars and journalists are dedicated to depict a ghost-filled world whose very same hostility justifies the U.S. empire.”

    CIA director William Casey and Russian dissident Arkady Shevchenko were instrumental in creating the organization. Jamestown’s board of directors includes Zbigniew Brzezinski, former National Security Advisor to Jimmy Carter. Brzezinski, a high-level globalist operative, initiated the CIA’s recruitment of the Mujahideen in Afghanistan that ultimately produced al-Qaeda and the Taliban.

    read more!

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April 25, 2013 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off on Was Tamerlan Tsarnaev Radicalized by The CIA?

Confusion and Inconsistencies: How US Plans to Distract Public from Real Truth about Boston! Brothers Could Have Been Recruited by the FBI !

  • ‘Confusion and inconsistencies’: How US plans to distract public from real truth about Boston! 
    by http://rt.com/ 
    The initial questions about the Boston bombing are behind us, but former FBI employee Sibel Edmonds believes the pursuit of truth will eventually lead to a far more secret agenda by the US, which she reveals to RT.


    The United States is having to quickly wake up to the possibility that Chechens are not the ‘freedom fighters’ Western media has been categorizing them as, especially when it came to the Republic’s relationship to Russia. But even the newly formed perceptions may not be enough when it comes to investigating the motives and planning behind the Boston bombing, according to Edmonds, who is also a founder of the National Security Whistleblowers Coalition.

    With the dust somewhat settled after the capture of the younger suspect, Dzhokhar Tsarnaev, Edmonds believes there will only be more unanswered questions in an investigation already plagued by obvious inconsistencies and falsities, which she recounts at length.

    read more!
http://www.nytimes.com/2012/04/29/opinion/sunday/terrorist-plots-helped-along-by-the-fbi.html

Click on image for article!

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April 25, 2013 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Confusion and Inconsistencies: How US Plans to Distract Public from Real Truth about Boston! Brothers Could Have Been Recruited by the FBI !

Senator Chambliss: Law Enforcement Agency may have had Info About Boston Bombing in Advance!

  • Chambliss: Law enforcement agency may have had info about Boston bombing in advance! 
    by http://www.wsbtv.com/
    WASHINGTON — Georgia Sen. Saxby Chambliss told Channel 2 Action News late Tuesday afternoon that a law enforcement agency may have had information in advance of the Boston bombings that wasn’t properly shared.

    “There now appears that may have been some  evidence that was obtained by one of the law enforcement agencies that  did not get shared in a way that it could have been. If that turns out  to be the case, then we have to determine whether or not that would have  made a difference,” Chambliss said.

    Though Chambliss would not get into specifics on  the information or whether or not the bombing could have been prevented, he told Channel 2 Action News that they will find out if someone dropped the ball.

    “Information sharing between agencies is critical. And we created the Department of Homeland Security to supervise that. We created the National Counter Terrorism Center to be the collection point for all of this information, and we’re going to get to the bottom of whether or not somebody along the way dropped the ball on some information and did not share it in a way that it should have been shared.”

    The Senate Intelligence Committee  panel was briefed by federal law enforcement officials Tuesday as well. Members of the panel said there is “no question” that  Tamerlan Tsarnaev was “the dominant force” behind the Boston attacks, and that him and his brother had apparently been radicalized by material on the Internet rather than by contact with militant groups overseas.

    read more!
http://www.techdirt.com/articles/20110929/16075316140/fbi-successful-breaking-up-yet-another-its-own-plots-to-bomb-us.shtml

Click on image for article!

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April 25, 2013 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Comments Off on Senator Chambliss: Law Enforcement Agency may have had Info About Boston Bombing in Advance!