Is Russia Collapsing?

Low oil prices can't help but where's all the money coming from?

Russian Energy Tycoon Spends $1 Billion On Son's Wedding; Locals Dub It "Feast In A Time Of Plague"

The son of Russian billionaire Mikhail Gutseriev got married this past weekend in what Russian media has been calling, "the most expensive wedding ever", but not everyonewas impressed by the gaudy spectacle: the wedding was branded ‘a feast in a time of plague’. Commenter Marina Baryshnikova complained: ‘It would have been better if they helped those in need, the country is collapsing, there are no jobs, people are poor. This is a feast at a time of plague.’

Obama - Fais Attention!!

If Obama could ever put his rod down smashing his balls all over the universe while we watch in horror, he might see the following:

From Zerohedge (of which I am still delightfully banned; for if one never gets banned from something in their life, they haven't spoken their mind, if they have one).

Attention President Obama: One Third Of U.S. Households Can No Longer Afford Food, Rent And Transportation

While the median income had fallen by 13% from 2004 levels over the next decade, expenditures had increased by nearly 14%. But nobody was more impacted than the one-third of households which the study defines as "low-income." Pew finds that while all households had less slack in their budgets in 2014 than in 2004, lower-income households went into the red by over $2,300. In other words, approximately one third of American households were no longer ablv to cover the core necessities - food, housing and transportation - with average income.  

 Read the rest here.

China and Silver - A Game Changer?

China is now involved in the "fixing" of silver. For better or worse, you decide. Rather, the charts will....

From Zerohedge:

China Is Now In Control Of Global Silver Prices

Submitted by Dave Forrest via OilPrice.com,

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.

DUST and Gold Correction Update

As well we see that even though we saw some action in gold and silver today they basically ended up where they started overnight (no charts). This is the indecisive action I was expecting to see. We also see today that a potential bearish evening doji star has formed on the GDX though we don't see it on the HUI. And then the GDX has clearly ascended rapidly which should be cause for concern and the MACD at the bottom of the chart is threatening to rollover.

As far as DUST is concerned, perhaps you can appreciate my note on the chart from 2-19-2016 that this period will require conviction. Conviction of belief and skill belaying your fears. To me the GDX and DUST charts are the mirror opposite of each other and both are due for a harmonious re-balancing with their moving day averages. Such is the dance. Now you'll notice with DUST that the prior saucer shaped low took about two weeks to fully form and round up. Should that replay for us than we are looking at this move culminating towards the middle or end of next week. You can also see that the RSI has been "riding the bottom" for a while and the MACD is about to make a turn. Let's see if belief, conviction and self-study are properly being monetized. Monetize your own knowledge!!

I think the after this trade the one thing I will have learned the most is that I probably got into this trade a little early. However, being early I can also add. And adding goes both ways when all is said and done ;)

DUST Trade

If you are one of the brave souls who got into the DUST trade, please refer to my chart below. We are now in the "Conviction required" section of that chart. All the gold related indices still look top heavy to me. I'm sticking with it for now until these patterns play out. The nice thing is that I am up 8 times greater than I am down in loss because of my mining shares.

Gold - I Believe A Correction Is Coming

You've seen my posts about certain mining companies and you clearly know I prefer metals and think we have seen a breath of life in our sector. However, nothing goes up in a straight line.

That being said let's look at some charts and I'll tell you what I think.

Disclosure: I am not a financial advisor and what you are about to read is my opinion only. I just opened a DUST position before close on Friday. I think a correction is coming which may begin immediately and may be significant. I will not sell one share of my miners and am prepared to pay the piper if I am wrong on this but I think we can make some quick change on a DUST trade. Do so at your own risk. I learned about DUST from Clive Maund of whom I have a subscription from. This is my original idea. (/disclosure off)

 First, the GDX. What's there to say?

Next, DUST:

Gold:

Bonus fortuna!

Gold - They Know It's A Game!

Listen folks, unless you drink the Kool-Aid, you have to know the system is a game. These people are soooooo full of it you have to be a child to believe them. Guilt is oozing out of their pores.

Watch this video of Mark Spitznagel tell people that the Keynesians are about to get their toes slammed in the door as everyone rushes to the safety of gold and silver. He basically, as veiled as he can, says the system as we know it is over. DONE.

Link

 He explains that the situation that we are in is very serious. "We've only just begone", he says.

He goes on to explain that the market has been reduced to two choices; door number one, Keynesianism, or door number two (in not so many words) Austrian Economics. I.e., gold.
Capiche?

His conclusion.....as you may well guess as you're reading this blog and I'm posting it, is that if you choose door #1, the Keynesian fantasy that you can print yourself to prosperity like the French did in the late seventeen hundreds and the Germans in the early nineteen hundreds and every other foolhardy nation from the Romans to the Japanese to the Americans, you would be making a costly mistake.

Look folks, Michael Collins of Prudential Fixed Income at 3:40 asks, "Is it possible that we are going into door number 2 from door number 1? Really Michael, you think? You see my friends, how does he know what door number 2 even is? How does he know there's a time to choose gold and there's a time not to? Why are they always gold negative until they are scared to their wits end? Do you know how close we are to some financial calamity? Prepare my friends.

The days we are living in are very serious. They are make or break years. Even a poor man who buys one ounce of silver will buy some advantage.