WEEK IN REVIEW: August 24-30

The Shanghai Crash Signals More Turmoil Ahead
Published Aug 27, 2015 on Goldbroker by Philippe Herlin

The veil is being ripped... the Shanghai stock market crash reveals what the global financial markets would not dare admit: Chinese growth has vanished. Everyone was trying to believe that the official rate of 7% was real, that we could pin our hopes on it, that it would be the engine of the global economy...

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Jim Sinclair: Silver Will Be Gold On Steroids In Coming Rally
Published Aug 25, 2015 on GregHunter

Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, "You have to understand we are going into unprecedented deflation, and it's the reaction of central banks around the world to the concept of deflation that brings about hyperinflation.

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JPM Customer Delivers 500 Gold Contracts of Bullion, Goldman Takes Most For the House
Published Aug 27, 2015 on Jessescrossroadscafe

It is not possible to interpret the action fully from this report below. Let me stipulate that up front. It seems that a 'customer' trading with JPM has allowed 500 of their August gold receipts to be taken for 'delivery.' And most of them, 442 to be exact, were picked up by Goldman Sachs for their 'House' account.

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When The Global Silver Shortage Arrives... It Will Be Too Late
Published Aug 21, 2015 on Srsroccoreport

If you are waiting for a signal that a global wholesale silver shortage has begun, it will likely be too late to acquire physical metal. Why? Because it has never happened before. So, when the world bond and stock markets finally collapse under a mountain of paper, leverage and debt, we will witness one hell of a GLOBAL RUN ON SILVER.

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81 Gold Quotes Every Precious Metals Investor Should Know
Published Aug 27, 2015 on Daily Reckoning

Gold is the everyman’s way to save. It holds its value over the long term. As such, it’s a hedge against the ever-falling value of the dollar. Within the hallowed pages of the DR, gold is the once and future money. As an homage to the yellow metal, we present you with 81 quotes worth their weight in gold.

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It's Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
Published Aug 27, 2015 on Zerohedge

As Bloomberg reports, "China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter."

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Fed Up Investors Yank Cash From Almost Everything Just Like 2008
Published Aug 28, 2015 on Bloomberg.com

Mom and pop are running for the hills. Since July, American households -- which account for almost all mutual fund investors -- have pulled money both from mutual funds that invest in stocks and those that invest in bonds. It's the first time since 2008 that both asset classes have recorded back-to-back monthly withdrawals, according to a report by Credit Suisse.

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Another 'Barbarous Relic'
Published Aug 27, 2015 on Nysun

That's the headline over a Financial Times editorial calling on authorities to consider phasing out the use of cash -- by everyone, not just governments. This is what it has come down to. The government has run down the value of the dollar to less than 2 percent of what it was worth when our parents were born. Now it is itching to ban the use of banknotes and gets an endorsement from, of all broadsheets, the "world business newspaper." The FT refers to the banknotes as "another 'barbarous relic,'" which, it says, is the "moniker Keynes gave to gold."

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China's 'Black Monday' Sends Markets Reeling Across The Globe - As It Happened
Published Aug 24, 2015 on The Guardian

Hundreds of billions wiped off world's financial markets today, as Chinese rout sends shares tumbling in Europe, Asia and the US

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