muses of the moment

July 31, 2013

COMEX gold still declining

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 3:42 am

COMEX registered gold is still declining. GG hopes you have your physical holdings where you can see them. Click here.

July 30, 2013

Jim Rogers

Filed under: European Debt Implosion, Martin Armstrong, The Federal Reserve, The Financial Crisis — totallygroovygirlfriday @ 8:41 am

Click here for an interview with Jim Rogers.

Not much going on the last few days, just more of the same until Congress gets back and the German’s have their election and more rumors about the new head of the Fed. Groovygirl is just waiting for the intense pre-show to 2015 that should begin in earnest this fall. Popcorn, anyone?

July 28, 2013

Needle in a Haystack

Filed under: Odds 'n ends — totallygroovygirlfriday @ 1:45 am

July 27, 2013

Latest Blog posts from Martin Armstrong dated July 26, 2013

Martin Armstrong has some excellent blog posts the last few days.

Click here for Gold and the June Low dated July 26, 2013. From Martin: “We are still not out of the woods on gold yet and the primary resistance zone going into year-end remains 1307-1432.”

Click here for Summers or Yellen dated July 26, 2013. From Martin: “The appointment of Summers seems to be in line with the ECM forecasts. This is something we need to watch closely come January.”

Click here for The Coming Budget Fights in September dated July 25, 2013. From Martin: “We will see a wild September and an important turning point. Both the US budget battle and the German elections are lining up for a very interest month on the horizon.”

If you are going to buy…

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 10:06 am

….JP Morgan’s commodities business, make sure you actually visit to vaults unannounced to verify the balance sheet holdings of current customers.

Click here.

Tyler says it best: “That said, we are confident that the collapse in represented (but not warranted) JPM Comex gold vault holdings to a record low, and this news is completely unrelated.”

July 25, 2013

Negative Gold

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 10:19 am

Excellent chart from Jim Sinclair’s website. Click here.

July 24, 2013

Very Important

The SEC is issuing warnings about the money market fund industry.

Click here.

There are a few conclusions to draw here.

  • This was a very quiet warning on July 17th. Quiet means we want to have the record we warned you, but we don’t want to start a panic.
  • Too late, gg suspects we start to see the “quiet panic” around August 7th? Just a guess ­čÖé
  • Money Market Funds collapse because investors need liquidity to cover another collapsed market that is underwater in debt. (i.e. they do not have the capital, assets, or even cash flow, to cover the debt needed to continue business or sustain the market.) This is the way the mortgage crisis moved to completely freeze credit in the US market in 2008-2009 and thus effected every business and market in the US and around the globe.
  • Money market funds are used by all business like a revolving credit card. If it drys up, business and banks must be bailed out to keep normal daily business going, for things such as payroll.
  • If those businesses do not have enough cash to hold them for six months to a year without adequate cash/credit, they go bankrupt, and lay off employees. We saw this in 2008-2010.
  • There will be no bail-out this time around. Your funds will disappear, it will be a bail-in. If you remember, money market funds delayed cash withdrawal requests for up to 6 months the last time around. The only reason it was only 6 months….bail outs, free loans from the government to keep the game going and the sheeple asleep.
  • Notice the time line from the 2007 crash. Stocks/housing market start to decline in fall of 2007, fully clear to all in 2006 that it was coming/in process. Contagion starts to be felt by everyone and all markets by 2008-2009 as major companies/banks go under or require major bailouts. This doesn’t happen over night. It just seems to because the insiders’ panic is not announced or acknowledged or covered-up.
  • We do not know what the catalyst will be this time, but we have several options: muni bond markets, continued European debt implosion, slowdown in China, derivatives from any one of these markets, war/terrorism/Arab Spring, change in law for one of these investment markets, old derivatives from 2008 mortgage crisis that have not been realized. Take your pick.
  • All of the above-mentioned markets (actually all markets tied to debt/margin) are VERY FRAGILE. They will all be severely effected by whatever the catalyst is this time around. That will make this coming collapse in 2015, as suggested by Martin Armstrong, much worse than 2008.

Beware and be prepared. Groovygirl is not suggesting have absolutely no cash in money market funds, just don’t have it all in that type of investment. You are responsible for making the decisions for your own investments.

Side musing: regarding Martin Armstrong’s 2007 turning point. Groovygirl thought it very interesting that major national security websites and data systems were hacked in 2007. Just now being admitted. This could be point the history books point to as the fall of the American Empire (foreign hackers are the Barbarians at the Roman gate) and the official start of the new war: cyber warfare. very interesting. Although it was announced that the Pentagon was hacked. Apparently several other private and government infrastructure sites were hacked including electrical and water infrastructure and NASA, as well as national security sites. The hackers were downloading information and able to view current information for six months before discovery. And they aren’t even sure if it was all the Chinese. This is the new war.

July 23, 2013

Jim Sinclair

Jim Sinclair had some good comments on the recent move in gold and the continuing breakdown in the global debt market and its impact.

Click here for an explanation in the cash vs. physical gold market.

Click here for a longer term debt cycle timeline.

July 22, 2013

Gold is above $1300

Filed under: Odds 'n ends, Precious metals, The Banking Crisis, The Financial Crisis — totallygroovygirlfriday @ 9:03 am

Click here. Gold above $1300 this morning. Option expiration is on the 25th.

Detroit declares bankruptcy and the TV Financial talking heads continue to say….nothing to see here, it’s all for the best, etc. DON”T YOU BELIEVE IT. Truly amazing. Click here.

But Reggie understands what this really means….click here.

July 21, 2013

Going My Way

Filed under: Odds 'n ends — totallygroovygirlfriday @ 1:32 am
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