One of the joys of my job is watching the data flow, and attempting to see how much of it is real, versus how much is pure baloney. For instance on Friday we got the non farm payroll report. In that report, they tell us that 242,000 jobs were created in February. Really? 242K? Yep that’s the report. But they came up short about reporting the fact that the BLS added 129,000 jobs to that report via the “birth/death” model. Do those 129K jobs really exist? Of course not. But it makes for wonderful economic reports.
Here’s another number, one that you won’t hear from the main stream media, that I think speaks volumes about what’s going on in the US. In the month of February, there was 2,613,000 fire arms related background checks done. In just two months in the year 2016, there’s been 5,218,000 fire arms background checks done. Think about that for a minute.
In 2006 there was only 10 million checks done for the entire year. We’ve done half of that in two months, and this right after the ALL TIME record for checks, which was in December of 2015. It is reasonable to believe that this is a pretty good way of gauging how many weapons were sold in just two months. Why? Because contrary to what the fear mongers tell you on liberal TV, any time you want to buy a weapon, you have to have a background check done. It also COSTS MONEY. In other words the gun shop generally charges you their fee of five bucks to place the call and run your numbers. So how many folks would be in a gun shop, fork over their five bucks and NOT buy something? Very very few.
What we see is that people are afraid. They fear that Queen Hillary will get appointed to the White house, and one of her agenda’s will be to demolish the 2nd amendment. Obama’s been harping about more and more gun control ever since he first stepped into office. But compared to Hillary, he’s a lightweight. She would have no problem having swat teams go door to door to confiscate your weapons. So in a strange twist of fate, Obama and likewise Queen Hillary; have become the two best gun salesmen in history.
Speaking of things that make you go “hmmm” I told you the story of how Facebook shut down any groups that brought gun people together to buy, sell or trade weapons. Now there is absolutely NOTHING illegal about private gun sales, but FB says “not on our platform”. Yet astoundingly, you can find NAMBLA groups. Not familiar with them? It stands for North American Man Boy Love Association. Yes folks, grown men who are into being in love spiritually and sexually with children is apparently okay with facebook. Allowing Billy Joe and Billy Rae to swap their legally obtained shotguns? Not so much.
But wait it gets better. Someone posted a Face Book page titled “Assassinate Donald Trump”. When people wrote in to FB to say Hey..what’s up with this, here’s FB’s recent response….
We reviewed the page you reported for having a credible threat of violence and found it doesn’t violate our community standards
Likewise Twitter…is pretty in your face concerning where their politics come from. If you’re a right wing “nut” because you say you love the constitution and your country and don’t approve of our Governments actions, you get your account deleted. But what about the dozens of tweets suggesting someone should assassinate Donald Trump? Well their accounts are still open and working. Funny how that works, eh?
Oh speaking of politics, something I can’t help but being drawn into this year, until yesterday, on Mitt Romney’s Facebook page, under “about” there was the usual birth date, home country, etc. But line item #3 was “currently running for” – President of the United States, Republican. After a barrage of inquiries, they removed that line. As I told you all over the last few days, the “party” is experiencing exploding heads concerning that loose cannon Donald Trump, and they’ve dusted off Romney. If Cruz, Rubio or Kasich can’t find a way to get better numbers, they’ll jam Romney in there as their “appointed” nominee.
Oh another item. Remember when I was explaining to you how the real election process works and how the two parties decide on the candidates they want in office about a year and a half ahead? Then the other lackey’s are brought on stage to “split’ votes, and ultimately crash and burn, thus giving their votes back to the anointed party hacks. Well Romney showed you that EXACT strategy the other day when he did his 20 minute TV rant about what an evil person Trump is. He said ..
I would vote for Marco Rubio in Florida, for John Kasich in Ohio, and for Ted Cruz or whichever one of the other two contenders has the best chance of beating Mr. Trump in a given state,”
See? Why would Mitt suggest “splitting” votes like that?? Because that’s the plan. Suck away voters from Trump by giving some to Rubio, some to Kasich. Then when they fold up like a cheap camera, they can hand all those accumulated “wins” to Romney at an appointment. They’d probably accept Rubio as he’s such a good robot for the party, but he is really not even close to what they wanted. They’ll just use him as a vote sponge for a while.
Moving along, what is this I see concerning gold? Remember what I wrote just 3 weeks ago in a letter titled “Is it time for Gold?” I said this…
So, do we have enough evidence that after 5 long years, Gold and silver are ready to go up?
I think we have it. The buying at Central banks never let up. The buying at the sovereign level never let up. The draw down in physical inventory, especially in the silver arena is getting critical. When I combine the tightness of the physical market, with the increased dangers of financial panic we’re seeing around the globe, I’m fairly confident that the metals and the miners that have survived…are ready to make their way higher.
Yes there’s going to be bumps in the road. No it won’t just go straight up. But in the “big picture” look at things, if you’re talking about a 2, 3, 5 year outlook, I genuinely believe that Gold will be significantly higher. I believe silver will be significantly higher.
I’ll leave it like this. If you have ever toyed with the idea of having some physical gold and some physical silver, I’d use any dip in the price right now, to buy it. If you’ve been thinking about the miners, same thing. Pick a day when they’ve been beaten down a bit and pick up a few shares. On long term holds ( which they would be) I am NOT opposed to averaging down. For instance if you ultimately want say 1000 shares of XYZ the mining company and they’re 5.25 today, pick up maybe 200 shares. If XYZ dips to 4.80 grab another 400. If it jumps to 5.50 grab another 200 and so on. You won’t catch the bottom, but you won’t pay “too much” either.
Since I penned that, the miners have been soaring. Our “Vegas Play” on Silver company AG is rolling along nicely. Gold has been on a tear. And what do we see happening just Friday? Take a peek…
BlackRock Inc. on Friday said it has suspended the issuance of new shares in the roughly $8 billion iShares Gold Trust, citing a surge in demand for gold.
Okay so what’s that about? There’s been so much demand for physical gold, that Blackrock doesn’t have enough registered gold to continue issuing new ETF shares. Pretty interesting eh? And why is gold going crazy? Oh I don’t know.. maybe the mess in the Middle East, maybe China’s economy crashing, maybe a million things. But the ONE thing that is driving it the most, you won’t hear about. The Main Stream would NOT be allowed to talk about it.
Negative Interest rates. Why in God’s name would you want to place your money in the bank in Japan, Sweden, Denmark, the ECB, Switzerland, etc and then have to PAY the bank interest? Why not turn those worthless currencies into Gold… which you do NOT pay anything on. I said a long time ago, those folks mocking my gold as an old relic aren’t sounding so smart when people have to pay the bank to store their cash. My gold, which pays NO interest, is a better return than your cash in the bank.
So yes, there’s a whole lot of gold buying going on. I truly hope some (ALL) of you took advantage of the dips and got yourself some nice physical gold while you still can. You have to know that when a financial system is so perverted that they’re pushing NEGATIVE interest rates….something never before seen in history, the allure of gold is pretty compelling.
So are there any more little headlines and tid-bits I’d like to explore? Many, but unfortunately time and space limits what we can do. For instance I’ve got a LOT to say about each and every one of the following little gems that have crossed the wires lately…
Public School Students Taught To ‘Pledge Allegiance To International Flag’.
Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH
93,688,000 Americans Not in Labor Force.
Jim ROGERS: 100% Probability of Recession.
Kim Jong Un orders nukes ‘ready to go
‘JIHAD1’ license plate allowed in Missouri.
PAPER: Get ready for world of hackable cars.
Rubio Doesn’t Realize Energy Policy He Supports Already Been Enacted.
But those will have to wait for another day. Take care all.