Alternative News

George Soros Takes a Giant Put Position Against the S&P 500

"Hedge fund titan George Soros' biggest position is a huge bearish bet that the Standard & Poor's 500 will go down, MarketWatch reported. Soros has a history of rolling the dice on risky propositions in the past and making giant gains. He is known as 'The Man Who Broke the Bank of England' because of his successful bet against the British pound that led to $1 billion in profits during the 1992 Black Wednesday U.K. currency crisis. Soros Fund Management reported it bought a put on 1,248,643 units of the SPDR S&P 500 Trust (SPY) exchange-traded fund (ETF) in the second quarter – its largest holding, according to MarketWatch." Continue reading →

Continue ReadingGeorge Soros Takes a Giant Put Position Against the S&P 500

Guardian Editor: Intelligence Agents Destroyed Hard Drives After Snowden Story

"In a particularly revealing moment, Rusbridger said he was contacted by an agent of the GCHQ, who said 'You've had your fun. Now we want the stuff back,' referring to the classified material provided to the paper by Snowden. Rusbridger said he asked the official if the British government intended to shut down the paper. The official said that in the absence of the handover or destruction of classified material, that was indeed the intention. And so one of the more bizarre moments in the Guardian's long history occurred – with two GCHQ security experts overseeing the destruction of hard drives in the Guardian's basement." Continue reading →

Continue ReadingGuardian Editor: Intelligence Agents Destroyed Hard Drives After Snowden Story

LA Businessman Shoots Five Robbers Dead in Four Separate Incidents

"Five robbers made bad decisions. They decided to rob this man’s watch repair shop. They came in armed. They went out feet first. Yet the end of the story is sad. The gangs vowed revenge. He closed his store. He no longer has walk-in customers. Los Angeles is gang-ridden. The social breakdown in this welfare state is obvious to victims. Self-government is declining in a society where the state funds irresponsibility in the name of compassion. Today, California has eleven bills in the legislature to make gun ownership more difficult. The gangs favor these bills. It makes their work so much safer." Continue reading →

Continue ReadingLA Businessman Shoots Five Robbers Dead in Four Separate Incidents

Asians Buy Gold. Westerners Sell It.

"American investors did not buy physical gold, but instead bought ETFs — promises to pay money, not gold — because commissions were lower than coins. But the commodities futures organizations are now facing the lowest inventories of deliverable gold ever. If the owners of contracts for future deliveries — 'longs' — start taking delivery, the exchanges will have to deliver digital dollars instead. Westerners like George Soros and John Paulson have been selling their paper gold positions. Asians are taking delivery of physical gold. You can’t make jewelry out of digits. Who is selling physical gold? No one in the industry knows." Continue reading →

Continue ReadingAsians Buy Gold. Westerners Sell It.

Federal Reserve Issues a Toothless Report on the Big Banks

"Yesterday, the FED issued a report on the lack of capital — too much leverage — of America’s largest banks. In its evaluation, the Federal Reserve found that firms needed to improve a number of aspects of their capital planning processes, including their accounting for risks most relevant to the specific business activities, their methods of projecting the effect of certain stresses on their capital needs, and their governance of the capital planning processes. The banks 'need to improve on a number of issues'? They do? And if they don’t, what will the FED do about it? It will issue another report." Continue reading →

Continue ReadingFederal Reserve Issues a Toothless Report on the Big Banks

Farming Experts Predict Food Safety Laws Will Destroy Local Foods Trend

"The most wonderful aspect of going local with your diet, is the opportunity to meet pioneers of organic, sustainable agriculture. There is tremendous work being done by farmers like Mike Tabor. Yet, a gross lack of understanding by public interest groups on what really constitutes food safety has led to increasing federal control over our food supply. Now, the FDA is dictating farming practices, packaging and sterilization steps that threaten to choke out small producers. Here is what two farmers have to say about these food safety laws and this ominous regulatory trend." Continue reading →

Continue ReadingFarming Experts Predict Food Safety Laws Will Destroy Local Foods Trend

Consumer demand for gold jumps 53%

"According to WGC there is renewed interest in gold due to its falling prices, which has brought total purchases of gold jewellery, bar and coins to 1,083.2 metric tons. Jewellery demand reached its highest level in 5 years, increasing by 37% to 576 tonnes. Chinese demand was up 54% compared to the same period last year, while India bought 51% more gold ornaments than in 2012. Bar and coin investment surged by a significant 78% across the world and topped 500 tonnes in a quarter for the first time. The WGC statistics come on the heels of India’s recent measures to curb gold purchases because it is the most costly non-essential item that the country imports." Continue reading →

Continue ReadingConsumer demand for gold jumps 53%

Playing The Surge In Precious Metals, II

"The top buys in the PM sector in my view are SAND, ABX, Goldcorp (GG), Yamana Gold (AUY), TAHO, SILJ and SLW. The top performer since the June 26 bottom has been FNV, a gold and energy royalty company with no debt and $900 million cash and equivalents. They can fund distressed miners and then sell their inexpensive gold into a rising market. They have excellent management and are a top pick. and should be strong going forward, as should Eldorado Gold (EGO) which has producing sites in Turkey and China and sites nearing production in Greece and Romania. Like them, SSRI and IAG remain good choices to buy on a dip with limit orders." Continue reading →

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Peak Gold

"The resource sector has had a sober awakening, and now we see many companies changing their priorities from expansion to profitability, which depends on many parameters in addition to grade. As for Peak Gold, if that does indeed turn out to be behind us, the big, bulk-tonnage low-grade deposits that are falling out of favor today will become prime assets in the future. It'll either be that or go without. Times may be tough, but the story of the current gold bull cycle isn't done being written. The better companies will survive the downturn and thrive in the next chapter. Identifying these is the ongoing focus of our work." Continue reading →

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