The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 2017. Show all posts
Showing posts with label 2017. Show all posts

Thursday, June 1, 2017

Free donuts on June 2 and where to get them for National Donut Day

Friday, June 2 is National Donut Day, and the one day on the calendar in which tens of millions of Americans can find free pastries with either the purchase of a hot or cold beverage, or in some cases for nothing at all.

Most local donut shops will carry their own traditions into National Donut Day, but for national chains, here are their requirements to get a free donut tomorrow.


DUNKIN DONUTS
Get a free donut with any drink purchase.

KRISPY KREME
Receive a free donut of your choice — any donut — on the house. No purchase necessary.

TIM HORTON’S
Mention National Donut Day and receive a classic donut for free with purchase of any hot or iced coffee.

LAMAR’S DONUTS
Present this coupon to receive a free donut. Select cities are also handing out travel mugs.

CUMBERLAND FARMS
This East Coast chain is offering a free donut to customers with purchase of any beverage. Deal is only valid from 5 a.m. to 10 a.m.

DUCK DONUTS
Score twice at Duck Donuts. This donut chain has about a dozen shops spread between the Jersey Shore and North Carolina. Get a free donut with any purchase this Friday, and then come back anytime before August 31, 2017, show your receipt, and receive a free half dozen donuts with the purchase of a half dozen.

ENTENMANN’S
Entenmann’s will be handing out free donuts in New York City’s Time Square along with other activities celebrating the holiday. But if you can’t make it there Friday, you can purchase a specially marked box of donuts and the head to Entenmann’s Facebook page to register to “Win free donuts for a year.” Part of the proceeds will go to help Feeding America.

Thursday, February 2, 2017

Entering into February of 2017, gold following same trek upward as it did in first two months of 2016

Back in January we published an article showing how the gold price was following the same path here in 2017 that it did last year following rate hikes made by the central bank during each of the past two Decembers.

And as we enter into February, that trend appears to be continuing like clockwork with the gold price having risen 3% and 5% respectively in each of the past two Januaries.

January 2016


January 2017


The one difference however between January of 2016 and the same month in 2017 is that the price started off the month $80 higher this year, and ended $100 greater than what it closed out at on January 31 of last year.

As we begin the month of February, expectations of this trend continuing are just as prevalent as they were last year when the price made even greater moves than they did in January.  In fact, at the end of the second month of 2016 gold had climbed another $110, or 9% on top of the 3% rise the month before, and set the stage for gold climbing to its highest level since 2011.

February 2016


 Projecting this same percentage gain for February of 2016 forward into 2017, at the end of this month we could expect to see a gold price of around $1326, or a gain of $109 above what it started out the month.

Sunday, January 15, 2017

Well respected fund manager sees China raising gold price and using the metal to back Yuan for oil trading

John Hathaway of Tocqueville Gold Fund is a well respected analyst with over 45 years in the markets, and in precious metals.  On Jan. 13 he published his expectations for gold, currencies, and geo-politics in 2017, and is forecasting two interesting events to take place this year.


China looking to dominate world oil trade through a gold backed Yuan
Next is the incorporation of gold as a settlement currency to facilitate trade between oil-producing nations and the world’s largest hydrocarbon importer, China. Russia, Saudi Arabia, and Iran are settling most, if not all, of their energy sales to China in yuan convertible into physical gold via the Shanghai Gold Exchange. That flow represents a significant and growing percentage of international oil commerce, which in turn represents a dominant share of all commodities. - King World News
China preparing to radically reprice gold higher
We believe that this development has negative implications for the petrodollar system that has underpinned the dollar’s dominance in global commerce since the 1970s. Physical settlement, as opposed to paper (cash-settled) gold contracts, ramps up the migration of physical metal to Asian owners. Gold has become a reserve asset that is preferred to US Treasuries. Comments below by Xu Luode, chairman of the Shanghai Gold Exchange, show that the Chinese have made no secret of their strategy to internationalize the renminbi through gold convertibility in order to displace the US dollar: 
"Foreign investors can directly use offshore yuan to trade gold on the SGE international board, which is promoting the internationalization of the renminbi…Shanghai Gold will change the current gold market “consumption in the East priced in the West” situation. When China will have a right to speak in the international gold market, pricing will get revealed… (Xu Luode, speech to LBMA, May 2014)"
Since November of last year, the Shanghai Gold Exchange has already begun to disconnect its price fixing from the London and New York markets, with some daily spreads reaching as high as $49 per ounce.  This will continue to occur, and most probably accelerate in light of the revelations provided by Deutsche Bank and Wikileaks on the fact that Western banks have been manipulating the price of gold for decades.

Friday, January 6, 2017

Tonight we're gonna party like its 19,999

In several massive attempts on Jan. 6 to breach the uncharted 20,000 level on the Dow, inter-day trading came up the tiniest fraction short as the equity market touched 19,999.63, then sold off after eight solid attempts to breach the psychological barrier.


Many analysts had expected the Dow to have breached 20,000 before the start of 2017, but the 'Santa Claus Rally' never emerged and the market closed out the year at 19,762.

Image result for dow 20,000

With the combination of geo-political and economic events causing currencies, bonds, and even bank solvency to be in question here in the first week of the new year, it is difficult to predict exactly when the Dow may reach and break through the 20K barrier of resistance.  But whether we see that level broken early Monday morning, or on some random day in the coming week, the reality is that nearly all stocks are vastly overvalued, meaning when the correction comes it will be much greater in scope than the nearly 20% decline that took place this same time last year.

Thursday, January 5, 2017

Gold price starts off 2017 the same way it did in January of last year following Fed rate hike

When the Federal Reserve raised interest rates for the first time in a decade back in December of 2015, the price of gold fell for the remainder of the the month only to reverse and climb by nearly 20% in early 2016.


Fast forward to December of 2016 where the central bank once again mirrored their 2015 actions by raising interest rates by a quarter point, and as before the gold price stagnated for the last few weeks leading up to the end of the year.

After the first five days of 2017 we appear once again to be seeing a similar move in the precious metals that took place exactly one year ago.  And although it is far too early to predict whether the outcome in the gold markets will mirror that which took place in January and February of 2016, the signs are pretty good that support levels have been established and that we will see a higher move in the gold price thanks to the Fed, and uncertainty in the global financial markets.


Friday, December 30, 2016

Gold, Bitcoin, and the state of the dollar heading into 2017

As an observer of economic and geo-political events, we at The Daily Economist prefer to look at things more pragmatically rather than to make wild speculations in forecasts or predictions for a coming year.  But with certain realities beginning to unfold all across the financial spectrum in the last days of 2016, the groundwork appears to be in place for commentary and analysis on a few trends that could be taking shape.

Each of these trends are tied specifically to differing forms of currency or money, and their potential growth in economies both regional, and worldwide as the global financial system heralds immense change and the likelihood of new crises.

The advent of Donald Trump winning the U.S. Presidential election 50 days ago saw stocks, bonds, and the dollar react in ways not seen in the past three years.  And likewise the rest of the world reacted in nearly opposite fashion, with China and India bearing the brunt of America's artificially exploding markets.

And with this in mind it is a high probability that policies coming out of Eurasia and the Far East will dictate much of the monetary changes that the world will experience in 2017.

Gold:

Following the election of Donald Trump to the U.S. Presidency, gold and silver were summarily crushed around 16.5% in the Comex and in London, and began the separation in price between the Western paper markets, and the physical one run out of Shanghai.  And those spreads in price will only become greater than the average $25 - $50 divergence that is currently taking place due to high demand and lower supply of the physical metal.

And it is likely that sometime in 2017 China will seize sole control over price determination for gold and silver as more and more producers sell their metals directly to China and abstain from the manipulated futures markets run by London and New York.

Bitcoin:

Thanks to the extreme rise in the dollar to over 103 on the index, China has experienced severe pressure to its own currency and economy as it fights desperately to rein in capital flight of the Yuan from the Mainland.  And it has been through Bitcoin that many Chinese investors are using to funnel wealth out of China over the past three weeks, causing the price to surge to nearly $1000 from its support level of $640 late last month.

This rise in value will only increase in 2017 as investors in not only China but also in other countries join in and expand their use of the crypto-currency as a conduit to launder money from their local currency into others to then buy tangible assets that protect their store of wealth.

The fate of the dollar as the global reserve currency:


2016 was a banner year for nations and industries to move away from the dollar and conduct commerce using direct bi-lateral currencies.  And these trade agreements were only drops in the bucket to the advent of China expanding the use of the IMF's M SDR currency in international finance.

But China is setting its sights on bigger game, and began this last week when the Deputy General Manager of the Shanghai International Gold Exchange announced a program through which the Yuan currency will be expanded globally through its physical gold markets.  And all that remains is for China to call for the end of the uni-polar reserve currency that is the dollar, and open the door for nations to bypass it at will in a new gold backed trading mechanism underwritten by the Yuan.
The Chinese Yuan is linked to the US Dollar. With the US Dollar at these levels China has rapidly entered a financial crisis. 
In the last month, China has: 
1)   Burned through over $70 billion defending the Yuan.
2)   Had to halt trading in its multi-TRILLION dollar bond market.
3)   Had to issue emergency lending to financial firms to keep them afloat. 
ALL of these are linked to the US Dollar’s rise. And it’s lead the world to a very nasty situation. 
China has a couple different options, NONE of them are pretty for the financial system. 
Alternatively China could go for the “nuclear” option and demand that the US be removed as reserve currency of the world. 
This is not some crazed notion. China is the second largest economy in the world. And the Yuan is now part of the IMF’s SDR currency basket along with the Yen, British Pound and the Euro. 
I’m not saying the US Dollar would necessarily LOSE reserve currency status, but if China were to publicly call for this, the consequences would be severe.
As in, CRISIS severe. - Phoenix Capital Marketing via Zerohedge
The stage is set for a global change in the long-standing Bretton Woods uni-polar reserve currency system, and 2017 is shaping up to be the year for the end of dollar hegemony.  And the primary winners in this will be gold, silver, bitcoin, and the Yuan, with anyone holding paper investments denominated in dollars potentially losing a great deal of their wealth.

Tuesday, November 1, 2016

Investors, traders, and analysts expect gold to be higher in forecasts for 2017

Gold has been validated to currently be in the next leg of a Bull Market and investors, traders, and analysts all see the price going much higher in 2017.

In a poll conducted by Reuters on Oct. 28, 35 Wall Street participants confirmed that the gold price will go up next year, with the average price range being about $1331 per ounce.

Gold is expected to post its highest average annual price in four years in 2017, a Reuters poll showed on Friday, after bottoming out this year following three straight years of decline. 
The poll of 35 analysts and traders conducted over the last two weeks returned an average gold price forecast for 2017 of $1,331 an ounce. That would be the highest average since 2013, when the metal plunged 28 percent year on year. 
Respondents predicted an average gold price this year of $1,270 an ounce, slightly above the current average of $1,258. That reflects a stronger expected performance in the fourth quarter, when prices are expected to average $1,300. - Reuters
On a side note, the estimated price range of $1331 from Wall Street participants does not take into consideration geo-political or financial black swans, which like with Brexit, could send gold skyrocketing well above their current forecasts and closer towards gold's all time highs.