The banks and markets are closed on Friday due to the July 4th holiday. As a result, I am sending this week’s report a little early. Have a happy 4th of July!
A brief history of the New World Order
The Western World is run by a group of people loosely referred to as the Globalists. These globalists have an agenda to remake the world with a one world government and a one world currency. These elitists meet once a year to discuss the strategy of moving the world into a centralized economy with a single global currency (SDR or Special Drawing Rights administered by the IMF – International Monetary Fund) controlled by a central government. (Currently the IMF and UN)
Many of these people just met in Bilderberg, Austria in June to discuss strategy for implementing a cashless society, in which all transactions become electronic rather than allowing the exchange of physical cash. This allows them to be able to track all transactions for taxable reasons, track criminal money laundering activities, and the ability to add liquidity whenever necessary at the push of a button. (Print Money)
These people include high level Executives, Politicians and CEO’s of companies like Goldman Sachs, Deutsche Bank, the European Commission, European Central Bank, Google, HSBC Bank, Henry Kissinger, and George Soros, to name a few.
The United Nations was conceptually created by the Rockefeller family prior to the 2nd World War as a means to create a central body for the purpose of promoting this New World Order agenda.
The desire to rule the World is a recurring theme that is common in the history of humanity. It always ends badly with War and massive loss of freedom, massive loss of life and the collapse of economies. These megalomaniacs run some of the largest and most influential banks and corporations in the world.
The purpose of this commentary is to show you why certain events and laws are being set into motion to usurp the authority of regional governments for the benefit of the global elites and their corporations.
The establishment of the European Union 17 years ago was a step toward this goal, to bring all the countries in Europe under one economic currency and controlled by one central European entity.
NAFTA and the recently passed TPP (Trans Pacific Partnership) are also examples of international corporations usurping the laws of a sovereign nation to write their own rules under international jurisdictions and give these corporations ultimate global power.
This is not conspiracy theory, this is historical fact. Google it! There’s plenty of information on this very subject.
The events that are happening in the global economies are the results of the failed attempts by these globalists to control everything. As a result, the world economies are collapsing and these globalists will use this crisis as a means to take control and create a global currency to ‘Save the World’.
I don’t think it will work. China, Russia and the BRICS nations have already separated themselves from the party, creating their own international banking system to transact international trade between themselves and any other country who’s willing to join them.
But the point of all this is to bring to your attention what is happening in the world and how you can benefit from this information by knowing how to prepare financially and personally.
Listed below are recent events that are in progress. An obvious domino effect is taking place.
Current Market Situation
- John Williams of ShadowStats.com says we will have two consecutive quarters of negative GDP as of the 2nd quarter of 2015 ending in June. Two consecutive negative GDP reports will officially define a recession.
- The Baltic Dry Index is below the lowest level since the crash of 2008.
- US Manufacturing PMI slows to lowest level since October 2013.
- Money velocity is at all-time lows.
- There is a record short position in the S&P right now. The smart money is selling. The only thing holding it up is the panicked PPT - Feds Plunge Protection Team.
- We have a Greek Default to the IMF and possible Greek exit looming this Sunday.
- Puerto Rico is bankrupt and just announced they can’t pay their $72 billion debt.
- France is bankrupt and the front runner of the next French election wants to leave the Euro.
- Italy, Spain, Ireland and Portugal are bankrupt and next in line behind Greece.
- The United Kingdom’s May 2015 election keeps David Cameron and the conservatives in power, hinting at the possibility of the UK leaving the European Union.
- China’s stocks are crashing.
- The US is trying to start a war with Russia in the Ukraine.
- The Middle Eastern countries are at war and it’s growing.
- Multiple fund managers are recommending investors go to cash.
· Bill Gross, bond fund manager and former CEO of PIMCO
· Blackrock, Inc. CEO Larry Fink
· Ian Spreadbury, manager of UK funds Fidelity, Money Builder Income Fund, states a ‘systemic event’ is going to rock the markets.
Does this sound like an improving economic forecast?
The contagion is spreading. The global economic system is falling in slow motion, only to build up steam and collapse at a faster pace as we enter into the 2nd half of 2015.
The next two quarters of 2015 should be bullish for Gold and Silver and Bearish for the S&P.
I know it’s frustrating to watch gold and silver being fraudulently suppressed by the powerful banking cartel, but they can’t do it forever. Eventually market forces will overtake them and you will see a collapse of the entire economic system with precious metals taking a leading role to the top.
There is a bull market in physical metals right now, with physical purchases at all-time highs. The paper market is what is being suppressed, but that’s going to change no later than this fall.
If you are going to make options trades, you need to choose an expiration date that exceeds this timing. The longer your expiration date, the less price decay you have and the longer you have to wait before the STHTF. (S__t to hit the fan.)
I’m going long precious metals and short the S&P. This is a long term play which should last well into 2016 and beyond.
Good luck. Until next week,
Precious Metal Stocks: (RGLD) (SLW) (GDX) (SIL) (GLD) (PHYS) (PSLV)
The cartel has successfully pushed paper gold down below the lower support line of the triangle pattern. Does this break the EW pattern? No, gold will have to drop below the green dotted support line at the bottom of the last corrective wave to do that. So, at this time, I think this drop is temporary and this represents a final push by the cartel before we see a major move up.
If Greece votes ‘NO’ on the referendum to stay in the EU this Sunday, we might see a violent move to the upside next week. We had a move up last Monday, but the Cartel was able to stem that upward pressure. I think that things should be different this time around. I know it’s frustrating, but the powers are desperately beginning to lose control and they are pulling all the stops to keep things from getting out of their control.
If you look at the wick on the bottom of the candle stick that pushed through support, you will see that there is a battle between the gold bulls and the cartel. By the end of the day, it might even be back above the support zone. We will have to see.
Stock Market Indices: (SPY) (QQQ)
In today’s chart of the S&P below, you can clearly see a topping pattern along the upper resistance line. In addition, the S&P has dropped below the support line, but we need to see it close below that line before we expect a major move down from there. I think that will happen next week.
Energy Stocks: (XLE) (UNG) (USO) (LNG)
Crude oil is still trading within a channel pattern between $55 and $62. We need to have a break of $62 before it goes any higher.
Financial Stocks: (XLF) (IYF)
I’m staying away from financial stocks at this time, until after the S&P correction. Once this economy implodes, financial stocks are going to lead the way. I will place short positions at that time.
Biotech: (BIB) (KITE) (IBB)
Biotech’s are in an uptrend along with the stock market, however, just as a rising tide raises all ships, a receding tide will lower them as well. I think we will see a correction in the biotech sector along with the impending stock market correction.
Commodities: (FCX) (JJG)
Commodities are bouncing around the bottom right now. Until we see a correction in the stock market along with some inflationary signs, I will just watch these until I see a signal of a move up in price and a break of the downtrend line.
This Great Unwind Will Be Catastrophic As The Grand Deception Of The Masses Continues
I saw some propaganda suggesting that U.S. Treasuries would be a safe haven in this environment. Really? The U.S. has $18 trillion in debt and another $6 trillion off balance sheet and at least $100 trillion in unfunded liabilities in Social Security and Medicaid, etc. The United States continues to run large fiscal and current account deficits. This doesn’t represent a safe haven, but rather a bankrupt nation. And that’s just addressing the federal finances. That doesn’t include the state and local government debt, which are staggering. - John Embry
Most people in this country are either not aware of what’s going on in DC and Wall Street or don’t care. I was watching CNN this morning and the Greek Tragedy was not even reported. If you only get your news from CNN you have no idea that the EU could fall apart. Therefore, you have no reason to believe that the stock market should be falling off a cliff and gold should be going parabolic toward the sky.
New traders rarely know where to start. Where do you find charts? How do you use the technical tools? Who has the best software system or platform?
To begin, first you need to open a trading account with a brokerage house. Most brokers have their own trading software or trading platforms that they allow you to use. Some platforms are better than others based on the tools they offer, ease of learning their system and speed of the trading platform.
I’ve used multiple platforms including Tradestation, StreetSmartEdge, Sink or Swim and Options Express.
Some trading platforms are web based and some are independent software applications. The web based platforms are only as good as your web connection. That means they can be slow to react and clunky. I personally like independent software applications downloaded to your computer.
I have a Charles Schwab account and use their StreetSmartEdge platform. It’s got most of the tools I require to trade and is fairly easy to learn and use. It tracks your trades in real-time and allows you to place trades on the fly.
Schwab also has a good reputation with most traders and their commissions are reasonable. If you trade options, Schwab makes you prove that you have the knowledge to trade options. They will ask you to complete an affidavit of your experience with option trades. This is a ‘cover their ass’ requirement, in case you screw up and try to sue them for your losses. They can pull out the affidavit you signed and say you told us you knew what you were doing.
Choosing the right platform is a personal decision, but for traders that I have taught and who trade along with me, I recommend Charles Schwab because we can use the same key strokes to get the same results. If I have you on the phone, we can see what we are each looking in real-time using the same system.
If you have any questions regarding a particular trading platform or need help setting up an account, feel free to email me your questions at firstname.lastname@example.org.