On the heels of the Dow surging to 18,000, today a 50-year market veteran spoke with King World News about the great dangers circling the financial system.

John Embry:  “Eric, last week was interesting when you tied together a number of developments that occurred.  Deutsche Bank publicly acknowledged its manipulation of the silver fix.  But this is just the tip of the iceberg considering the true scope of the manipulation in silver being conducted primarily by JP Morgan…

….continue reading the John Embry interview HERE

also:

Jim Rogers on Currencies, Agriculture and Markets

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls. 

The selloff in the miners began once they hit their first resistance targets, as noted in our editorial from last week. We noted immediate upside targets of GDXJ $33 and GDX $22.50. To be exact, GDXJ hit $33.07 and GDX touched $23.06. The resistance lines are visible in both charts below. Because the miners remain a good distance above their 50-day moving averages (GDX $19.58, GDXJ $26.82) it is possible they consolidate beneath resistance for a few weeks.

Turning to the metals, Gold continues to consolidate as it works off the excess speculative positions while Silver has broken out and above its 80-week moving average for the first time since late 2012. Both metals will close the week higher than depicted in this chart.

Other than Gold’s consolidation and resemblance of a small distribution pattern, the precious metals complex looks quite healthy. The breakout in Silver was telegraphed by the strength in the silver stocks as SIL doubled from its lows and SILJ is up more than 150% from its lows. At the same time, the gold stocks, as already noted have shown the same kind of strength against Gold. Those who are focusing on Gold’s CoT and false topping pattern are neglecting the more powerful signals given by the rest of the sector.

Because the gold stocks are at resistance and remain well above their 50-day moving averages, it is possible they could correct and consolidate for a few weeks before moving towards higher targets. We want to reiterate that the relative strength in the gold stocks and the relative strength in the silver space are healthy signs for the sector. If the sector were about to plunge (as some expect) Gold would be the leader and not the laggard that is now.

1. Jim Rogers – Currencies, Agriculture and Government Incentives

Legendary investor, Jim Rogers on capital markets, US dollar positions, global currencies, the possible relationship between the US dollar and Chinese renminbi, the growth of the renminbi, and  currencies would benefit from a rate hike.

…more HERE

2, Stocks are Going to Great Valuations

The late Richard Russell used to observe, “Stocks are going to great valuations.”

by Bob Hoye of Institutional Advisors

…read more HERE

3. The World Economy is Closing in Thanks to Merkel

by Martin Armstrong

Sometimes the brain-dead decision of one person can set off a contagion that sweeps the world.

….read more HERE

Terrorist attacks and the reasons why Marc hasn’t changed his bearish view on the Global economy and Global markets. 

Many sectors have already had huge declines, gold mining having dropped eighty to ninety percent…. this youtube interview is 5:31 minutes long

also: 3 Veterans Share Crucial Updates On Major Markets

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

With the Dow surging along with the dollar, today 3 veterans share crucial updates on major markets.

Here is a portion of today’s note from Art Cashin: Conflicts And Causes In Oil Inventories – Last night, my good friend and fellow trading veteran, Jim Brown over at Option Investor, wrote this on crude inventories:

Tomorrow is all about earnings and oil.

….read all 3 comments HERE

also:

ALERT: Legend Warns That People Must Now Prepare….