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Stock Trading Alert: Stocks Extend Their Short-Term Gains, But Will They Continue Higher?

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Stock Trading Alert originally published on September 29,  2016, 6:51 AM:

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is neutral, following S&P 500 index breakout above last year’s all-time high:

Intraday outlook (next 24 hours): bearish

Short-term outlook (next 1-2 weeks): bearish

Medium-term outlook (next 1-3 months): neutral

Long-term outlook (next year): neutral

The U.S. stock market indexes gained between 0.2% and 0.6% on Wednesday, extending their short-term uptrend, as investors reacted to economic data releases, among others. The S&P 500 index continues to trade along its July – August consolidation. The nearest important level of resistance is at around 2,160, marked by Monday’s daily gap down of 2,158.54-2,163.97. The next important level of resistance is at around 2,170, marked by previous daily gap down, among others. On the other hand, support level is at around 2,120-2,140, marked by local lows. The market trades within a downward correction following recent rally. Will it continue its uptrend? Or is this some topping pattern before downward reversal?

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Expectations before the opening of today’s trading session are virtually flat. The European stock market indexes have gained 0.7-0.9% so far. Investors will now wait for some economic data announcements: GDP – Third Estimate number, Initial Claims at 8:30 a.m., Pending Home Sales at 10:00 a.m. The S&P 500 futures contract trades within an intraday downtrend, following yesterday’s advance. The nearest important level of resistance is at around 2,170. On the other hand, support level remains at 2,130-2,150, marked by recent consolidation, as we can see on the 15-minute chart:

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The technology Nasdaq 100 futures contract remains relatively stronger than the broad stock market, as it is close to its last week’s new all-time high. However, it currently trades within an intraday downtrend. The nearest important support level is at around 4,850, marked by previous resistance level. The nearest important resistance level is at 4,880-4,900, among others, as the 15-minute chart shows:

3-2

Concluding, the broad stock market slightly extended its short-term uptrend yesterday. Is this a new medium-term uptrend or just upward correction? We still continue to maintain our speculative short position (opened on July 18th at 2,162, S&P 500 index). Stop-loss level is at 2,210 and potential profit target is at 2,050 (S&P 500 index). You can trade S&P 500 index using futures contracts (S&P 500 futures contract – SP, E-mini S&P 500 futures contract – ES) or an ETF like the SPDR S&P 500 ETF – SPY. It is always important to set some exit price level in case some events cause the price to move in the unlikely direction. Having safety measures in place helps limit potential losses while letting the gains grow.

Thank you.

Paul Rejczak
Stock Trading Strategist

Stock Trading Alerts

SunshineProfits.com

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Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

On the Stockhouse Site – Interview with Lorne Warner of MX Gold

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For the first time in its 13-year history, the wildly popular Mines and Money conference has come to the Americas.​​​

From September 26-28 in Toronto, Canada, this globally hailed conference is providing attendees face-to-face access to senior executives of over 50 global mining companies, financiers and service companies. I am attending this years’ gathering and reporting live for Stockhouse.

On Tuesday, I had an opportunity to sit with Lorne Warner, Director of MX Gold (TSX:V,MXL), a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia.

​​​​​​The interview can be found on the homepage of Stockhouse  under the carousel on the far left side or under my column on the middle of the homepage.

I look forward to interviewing more companies on Wednesday – please visitStockhouse throughout the day to hear/read the interviews.

Happy Investing!

Kal Kotecha PhD

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

MGX Minerals Files Maiden N.I. 43-101 Resource Estimate for Driftwood Creek Magnesium; Commences Preliminary Economic Assessment

VANCOUVER, BRITISH COLUMBIA – September 27, 2016 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT:1MG / OTC: MGXMF) reports the Company has filed on SEDAR a National Instrument (N.I.) 43-101 technical report (the “Report”) for its flagship Driftwood Creek magnesium project (“Driftwood Creek”). The Report includes a maiden N.I. 43-101 compliant mineral resource estimate for Driftwood Creek.

The maiden N.I. 43-101 resource estimate was prepared by Mr. Allan Reeves. Mr. Reeves is a Professional Geologist and independent Qualified Person (QP) as defined by N.I. 43-101 Standards of Disclosure for Mineral Projects. He has over 35 years of industry experience and spent 23 years at BHP Billiton where he held senior-level positions at both the Ekati Diamond Mine and Island Copper Mine.

Highlights

  • Measured plus Indicated (M+I) mineral resource totaling 8.028 million tonnes grading 43.31% magnesium oxide (MgO)
  • Inferred mineral resource totaling 846,000 tonnes grading 43.20% MgO
  • Bulk of resource is located less than 100 meters from surface
  • Opportunities to expand mineral resource along strike and at depth with additional drilling
Class Tonnes x1000 MgO% Al2O3% CaO% Fe2O3% SiO2% LOI%
Measured 2,828 43.34 1.08 0.90 1.39 5.19 47.16
Indicated 5,200 43.29 1.17 0.80 1.35 6.17 46.40
M+I 8,028 43.31 1.14 0.84 1.36 5.82 46.67
Inferred 846 43.20 1.30 0.47 0.51 6.87 45.09

Notes:

  1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all, or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
  2. The LG constrained shell economics used a mining costs of US$6.25, processing costs of US$129.41/tonne and a commodity price of US$400.00/tonne 95%MgO DBM.
  3. Mineral resources are reported within the constrained shell, using a cut-off grade of 42.5% MgO (based on 40 years) to determine ‘reasonable prospects for eventual economic extraction’.
  4. Tonnages are reported to the nearest 1,000 tonnes, and grades are rounded to the nearest two decimal places.
  5. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal.

The resource estimate was prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Mineral Reserves as adopted by the CIM Council.

The Company has commenced work on a N.I. 43-101 compliant Preliminary Economic Assessment (“PEA”) for Driftwood Creek and expects completion before the end of 2016. The PEA is being prepared by AKF Mining Services Inc.

Project Background
MGX Minerals has the right to acquire a 100% interest, in the Driftwood Creek magnesium project. The project is located 164 kilometers north of Cranbrook, British Columbia and is accessible by a network of maintained logging roads. The Company has conducted two diamond drilling programs at Driftwood Creek and recently completed a 100-tonne bulk sample program (see press release dated June 9, 2016). MGX received a 20-year Mining Lease for Driftwood Creek in January (see press release dated January 11, 2016).

Pilot Plant Mill
The Company is in the process of transporting and assembling a pilot plant mill (the “Mill”) at the current stock-pile location of the recently completed 100-tonne bulk sample (see press release dated June 9, 2016). The Mill equipment includes a jaw crusher, ball mill, flotation cells, cyclone dewatering equipment and a tailings filtration and thickener system. Previously the Mill was utilized to process polymetallic concentrate. MGX intends to process mineralized bulk sample material through the Mill using reverse flotation to produce two products- a high purity magnesite tailing and silica sand float byproduct. The magnesite (MgCO3) material will then be shipped off site to undergo calcination optimization testing to produce magnesium oxide (MgO) as well as thermal and electrolytic analysis to produce magnesium metal (Mg).

Metallurgy
Extensive metallurgical and process design work was previously completed on mineralized material from Driftwood Creek by SGS Lakefield (“SGS”). The process design developed by SGS closely follows the current flowsheet plans for the pilot plant mill, inclusive of the reverse flotation and tailings dewatering system, to produce high grade magnesite concentrate. Pilot plant testing will allow the Company to further optimize grinding, milling and flotation elements to develop a finalized process flow.

About Magnesium
Magnesium (Mg) is a non-metallic abundant alkaline earth metal that represents an important material for today’s modern lifestyle- smartphones, automobiles, aircrafts, and other everyday essentials all require magnesium. Magnesium’s unique characteristics make it 75% lighter than steel and 33% lighter than aluminum while still offering comparable strength-to-weight ratios. Magnesium is the third most used structural metal (behind iron and aluminum) and considered a critical strategic metal by the United States and European Union. China is responsible for approximately 80% of annual worldwide production. There is currently only one magnesium metal producer in the US.

Magnesium Oxide (MgO) is a widely used industrial mineral with end uses in fertilizer, animal feed, and environmental water treatment as well as industrial applications primarily as a refractory material in the steel industry. The majority of refractory grade MgO used in the US and Canada is imported from China.

Qualified Person
This press release was prepared under the supervision and review of Andris Kikauka, P. Geo. and Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.

Cautionary Notes
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resource estimates do not account for mineability, selectivity, mining loss and dilution. The Mineral Resource estimate stated herein includes Inferred material, which is normally considered too geologically speculative to have economic considerations applied, thereby to enable them to be categorized as Mineral Reserves. There is also no certainty that Inferred material will be converted to either the Indicated or Measured categories of Mineral Resources, through further drilling. Similarly, there is no certainty that Mineral Resources will convert to Mineral Reserves, once economic considerations are applied.

About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta. For more information please visit the Company’s website at www.mgxminerals.com.

Contact Information
Jared Lazerson
Chief Executive Officer
Telephone: 604.681.7735
Email: jared@mgxminerals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

You are receiving this email because you have subscribed to receive news alerts from MGX Minerals. Our Mailing Address is 1080 Howe St., Suite 303, Vancouver, BC V6C 2T1.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

SBI in talks with MMTC to market Indian gold coins

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By ET Now

Full Article: Invest in gold, not gold ETFs or gold bonds: Chetan Parikh, Jeetay Investments
By ET Now

In a chat with ET Now, Chetan Parikh, Jeetay Investments, says would be investing in agri inputs, financials and consumer spends. Edited excerpts

ET Now: What has your approach to markets been? We have been, in a manner of speaking a very, very subdued range for the last one, one and a half odd months, we have gone practically nowhere and yet there are enough and more stocks that have created astounding wealth in a period of one, one and a half months?

Chetan Parikh: I think that the time horizon that one should be looking for is much beyond one, one and a half months. I think that the market has had a fairly good run from what it was maybe a year, a year and a half back, a lot of stocks have really given very decent returns. I think the question is now what is going to happen going forward.

Going forward, what is happening in the real economy is definitely positive and I see a lot of traction in terms of some of the key policy sort of reforms which are GST, which is the sort of monsoon which has been very, very accommodative. there is some spending power that has been created. So all the sound bites are very positive and I think that there will eventually be some sort of a pickup in capital goods, infrastructure, which has still been a bit of a dampener.

One should expect, if one really looks at valuations at 28000-29000 from a very short term perspective, it looks stretched on an earnings basis but these earnings are depressed. I still believe that there can be a tremendous amount of momentum that can come in earnings largely because ROCs, ROEs are depressed, you can have asset turns and margins improving which can cause ROCs to improve.

A better measure may just be a price to book value ration and on that I think that the markets, if you look at long term averages, the markets look undervalued. Going forward, a lot will depend, I believe, on what happens both domestically, of course, domestically the story is far, far surer, I think what happens internationally.

ET Now: That is uncertain?

Chetan Parikh: Very uncertain. It is extremely uncertain and I feel nervous on the global macro risks and India is interdependent, we do need for this sort of 8-10% growth that most people are talking about, including key policy makers, I think that we do need sustained capital inflows. Capital inflows will come into India because of the sort of growth that India is showing. It is definitely one of the brightest spots in the world economy but if there is some sort of a macro shock, a global macro shock because of the extreme imbalances that have been built up in the global economy which is partly the result of all the quantitative easing and the money printing, and the very low interest to negative interest rates in many parts of the world. There is a small risk of something going wrong.

ET Now: I just wanted to say that the world has been proven wrong with regards to a) predicting the Brexit vote and b) more importantly the kind of recovery that we have seen across the globe. What makes you think that India will have a larger effect to any sort of global development which may be negative? What I am talking about is we have sort of waded the storm, Brexit, Rexit, whatever have you, Indian markets have been resilient and global markets too have been post the Brexit vote, so what is that makes you so sort of cautious on the global market standpoint right now that is eventually going to have repercussions for India which we cannot sort of withstand?

Chetan Parikh: So you have a situation where the central bank high powered money globally has gone up from some 3-4 trillion to something like 28-30 trillion in the last 10 year. Global GDP has not gone anywhere up by that magnitude, not by 10X, so at $70-75 trillion this has the potential to cause disruptions, right now you are not finding very large credit growth because banks are keeping the money with themselves. This has the potential, secondly, very low interest rates can cause misallocations, wrong factoring in on the risk premium and as a result of that things can go wrong. So there is a lot of debt, the global debt has gone up sharply. These are indicators, that it can happen tomorrow but you know liquidity can dry up very fast. At that point of time, a country which is dependent on capital inflows may face pressure.

ET Now: It is difficult to predict that and position because it is something that we cannot really time. How are you positioning your portfolio say if you are a long term investor. If you are investing from a five-year perspective which actually we are advocating on the channel, how are you positioning your portfolio? What are you looking to add?

Chetan Parikh: Purely from a portfolio risk diversification viewpoint, the India story is there. It is something that you cannot say there is a likelihood of or some major liquidity risk or crisis happening in the next 5, 10 years. So I shall stay out from Indian equities. That is not the right way. The thing is to have something else in your portfolio which can do extremely well under such circumstances where there is some sort of liquidity evaporation and I would suspect that would be physical gold not gold ETFs, not paper gold, not e-gold but physical gold. Keep physical gold.

ET Now: Really, why? Lot of people are saying that buy the gold bond.

Chetan Parikh: The next financial crisis if ever it takes place and when it takes place is likely to centre around the banking system and the financial system.

ET Now: Again…

Chetan Parikh: I think so. I think that everything is interrelated. I think that you have a very high probability that things can go wrong and we look at the derivative positions. I do not want to get into specific names but there are major banks that have got large derivative exposures. A little movement in any exchange rate, interest rates can cause. Secondly, there are large currency wars that are going on which is an obviously well documented fact that also gives you that the…you have got paper currencies which can give up value pretty fast.

By ET Now

Full Article: Invest in gold, not gold ETFs or gold bonds: Chetan Parikh, Jeetay Investments
By ET Now

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

SBI in Talks With MMTC to Market Indian Gold Coins

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By , ET Bureau

Full Article: SBI in Talks With MMTC to Market Indian Gold Coins

Kolkata: State Bank of India, the country’s biggest lender, plans to market Indian Gold Coins promoted by the government with the national symbol Ashok Chakra engraved on it.

SBI said it is in the process of entering into an agreement with state-run bullion trader MMTC. At present, Indian Gold Coins are available in the designated branches of just three banks–Indian Overseas Bank, Vijaya Bank and Federal Bank. MMTC outlets market these coins, which are hallmarked as per BIS standards.

“Sale of gold coins can be started after the software appli cation of MMTC is made compatible with the bank’s banking software,” the bank said responding to ET’s query .

Indian Gold Coins have 24 karat purity and 999 fineness. They carry advance counterfeit security features and tamper-proof packaging. The gold coins are available in 5 gm and 10 gm. For buyers, there is also the option of Indian Gold Bar of 20 gm.

SBI did not specify on when it intends to start marketing the government-sponsored coins.Given the nitty-gritties of the software integration, it may take at least a couple of months.

Launched in November last year by PM Modi, the national gold coins are still not available easily through bank branches unlike in the past when banks used to im port gold coins to sell them to Indian consumers. RBI banned banks from importing gold in 2013 to rein in the import bill. Indian Gold Coins are being minted using the gold that is being mobilised under the Gold Monetisation Scheme, mostly from temples.

SBI said it would market the coins in select branches where it sees good selling opportunities. Earlier, it had designated some 200 branches to sell the imported gold coins.

By , ET Bureau

Full Article: SBI in Talks With MMTC to Market Indian Gold Coins

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

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The Burning Platform

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Full Article: The Burning Platform

WHAT DO WE DO NOW?

As this vitriolic, unpredictable, outrageously entertaining presidential campaign enters its final stages I find myself pondering what happens next. I was reminded of the last scene in the 1972 movie, The Candidate. The movie is about a young untested non-politician candidate for U.S. Senator in California who puts his fate in the hands of a veteran political operative and overcomes a double digit polling deficit to win a huge upset victory. His entire focus during the campaign was to win. In the final scene of the movie he is standing among the celebrating campaign staffers and the fawning press corp. with a befuddled look on his face. He grabs his political consultant campaign manager and pulls him into a room. As the press break into the room he asks, “What do we do now?” The question goes unanswered and the movie ends.

The chattering class on the boob tube is enthralled and aghast at every seizure, collapse, and deplorable comment by the two most disliked presidential candidates in U.S. history. The establishment and their corporate media mouthpieces are perplexed and irate that Donald Trump has overcome their propaganda campaign to be leading in the polls with 51 days to go. He is a non-politician who was behind by double digits in the polls a month ago. He hired professional political operatives who have molded his message, while his opponent has been lying about her health, lying about selling access while Secretary of State, and denigrating blue collar middle class Americans in campaign speeches. The momentum is clearly in his favor and absent a major gaffe during the debates he could win an unlikely come from behind victory in November.

No one knows for sure what will happen over the next 43 days to impact the outcome of this highly improbable race between a reality TV star parody and a walking corpse propped up by her establishment cronies in the media, Wall Street, military industrial complex and smoke filled backrooms of D.C. The sole focus of both campaigns is to disparage and destroy their opponent. The negative attack ads will fill TV screens 24/7 for the remainder of this scorched earth fight to the death. The debates will be nasty and venomous, with accusations being hurled maliciously and with gusto. The corporate press corp., being the mouthpieces for the establishment, has done their utmost to scorn, ridicule and attempt to derail Trump’s march to the presidency.

They are shocked and stunned by the failure of their propaganda campaign. The basket of deplorables not inhabiting the liberal bastions of NYC, Washington DC, LA and SF are ignoring the unabashed media crusade to destroy Trump. Trust in the dying legacy media is at all-time lows. The linear thinking establishment has failed to acknowledge the cyclical nature of history and will now reap the whirlwind of consequences for their corrupt, greedy, traitorous actions.

The myopic media is so fixated on the minutia and trivialities related to the terribly flawed personalities of these Boomer candidates ascending to the throne of the American empire, they fail to step back and understand the real dynamics at work. When you comprehend the undercurrents of history it allows you to interpret the current mood of the electorate using the perspective of the Fourth Turning. This election is taking place in the eighth year of a crisis period which is likely to last through the next decade. Written in 1996, Strauss & Howe’s opus has been eerily prescient in predicting the start of and progression of the fourth crisis period in America history, all separated by approximately 80 years – a long human life.

“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.” – Strauss & Howe The Fourth Turning 

This Crisis was catalyzed by the housing bubble that reached its peak in 2005, leading to the worldwide financial collapse in September 2008. There is no denying a Crisis mood overtook the country in 2008 and after a temporary lull brought about by the unprecedented money printing scheme by the Federal Reserve and central bankers across the globe, the mood has been darkening rapidly as this election approaches. The fabric of the country is being shredded along racial, class, religious and party lines, as real hardship spreads across the land.

The Soros backed Black Lives Matter has turned into a domestic terrorist organization spurring young black men to ambush and slaughter police officers and innocent bystanders. Radicalized Islamic terrorists are committing mass murder, setting off bombs, and attacking non-believers. The corporate oligarch class, the Wall Street cabal, and their puppets at the Federal Reserve have effectively impoverished and destroyed the working middle class. Both political parties have shown their true corrupt colors as anti-establishment candidates Sanders and Trump generated enthusiastic support to the chagrin of the party bosses.

As we approach the midpoint of this Fourth Turning the regeneracy propelling the next phase appears to be an anti-establishment tsunami of epic proportions engulfing the nation and sweeping away the existing social order in a torrent of bile, venom, accusations and the shrieks of social justice warriors. Hillary’s deplorables are committed to expurgating the institutional cancer pulsating through every corpuscle of this terminally ill empire of debt.

Taking back control of a country, which has been captured in a silent coup by Deep State players of both parties, liberal and conservative ideologies, and corporate interests, has become a relentless quest of the debased and defrauded middle class. The Deep State traitors are driven solely by an unquenchable thirst for wealth, power and control, regardless of the impact on average Americans.

The darkening mood of the country has cast a shadow over this election, as the corrupt political establishment and their corporate media collaborators are failing in their unrelenting propaganda campaign to destroy Trump. The “experts”, pollsters, and pundits are shocked and appalled that a loud mouthed non-politician TV personality could possibly be on the verge of winning the presidency.

These linear thinkers can’t understand why their playbook of lies, misinformation, pointless social justice issues and a myriad of other inane distractions aren’t working this time. They fail to acknowledge that history is cyclical and we’ve entered the phase when generational cohorts are aligned for dramatic sweeping change. The data is there for all to see, but those benefiting from the current perverted paradigm will not be swept aside without a bloody fight.

Based on recent Gallup polls, the establishment probably realizes they’ve gone too far, but their insatiable desire for mammon and supremacy over the levers of finance, politics, and corporate share cropping, has blinded them to the reality of the devastation they’ve wrought on Main Street America. Average American families have seen their standard of living relentlessly driven into the ground by Federal Reserve created inflation designed to benefit their fraud loving Wall Street benefactors, greedy corporate executives, and psychopath politicians who’ve promised voters $200 trillion more than they can deliver. Good paying blue collar jobs have been shipped overseas by Ivy League MBA CEO’s who use wage arbitrage models to calculate how to optimize their stock price and executive bonuses. This is why the real median household income is lower than it was in 1999 and about equal to what it was in 1989.

For those not occupying academic ivory towers or gleaming office palaces in downtown Manhattan, life in the trenches is brutal, back breaking and untenable. With no wage growth in a quarter of a century, crushing healthcare costs due to Obamacare, rents skyrocketing as home prices have been artificially boosted to save Wall Street bankers, government run education and financing leading to a millennial debt crisis, and a Federal Reserve destroying the finances of senior citizens, savers, pension plans, and bondholders, how could anyone other than myopic oligarchs and their cronies expect average Americans to keep taking it without fighting back?

Is it any wonder that 73% of Americans are dissatisfied with the way things are going in the country? This is a massive decline from the 71% satisfied readings of the late 1990’s and early 2000’s. Do you think this might have something to do with the depressionary economic conditions being experienced by the majority of Americans since 2001?

Considering the Wall Street banking cabal has been ransacking, pillaging and defrauding the American people since 2000 with their fabricated internet boom and the largest control fraud in world history – their mortgage/housing Ponzi scheme, it is entirely logical for tens of millions of hard working Americans in flyover country to be outraged and ready to throw the bums out. The propagandists who have worked tirelessly to consciously and systematically manipulate the public mind through social engineering in government controlled public schools, mass media messaging, and the constant use of fear by government apparatchiks, believe their control of these societal mechanisms is beneficial for our country and the world.

This “invisible government”, the true ruling power in this country, has used their Bernaysian propaganda techniques to mold the minds, desires, beliefs, ideas, and tastes of the masses for decades, but they’ve gone too far, stolen too much, and pushed the average American to the brink. The middle class is steadily being destroyed, along with hope for a better tomorrow, as reflected in Gallup polling data.

The former middle class citizens of this country aren’t sure who screwed them over because they have been busy trying to make a living, while simultaneously being distracted by iGadgets, 700 cable TV stations, social media, sports and myriad of other bread and circus diversions. They’ve been brainwashed to believe the two organized political parties offer them a choice. The two parties are co-conspirators in the creation of this welfare/warfare empire of debt.

Since 2000, we’ve had eight years of a Republican president, eight years of a Democrat president, with both parties having control of Congress at various points over the sixteen years. The national debt, after 211 years of this country’s existence, was $5.7 trillion in 2000. Both parties are responsible for the 342% increase over the last sixteen years to $19.5 trillion. Democrats agreed to never ending warfare in exchange for Republican support for an expansion of the entitlement state. Meanwhile, the country’s GDP only rose 79% over the same time frame.

The puppet politicians in Washington D.C. have only done what their “invisible government” puppeteers have instructed them to do. They don’t answer to the voters or their local constituents. They answer to Wall Street bankers, the military industrial complex, mega-corporation CEOs, and shadowy billionaire oligarchs who fund their corrupt existence. These feckless politician hacks could never have added $13.8 trillion to the national debt in the last sixteen years and run the country’s unfunded welfare liabilities to $200 trillion without the Wall Street controlled privately owned Federal Reserve manning the printing presses and manipulating interest rates to enrich their “invisible government” benefactors. They have inflated away 97% of the dollar’s purchasing power since their shadowy creation in 1913. They are single biggest reason real wages have not advanced since 1971. They are the reason the top 0.1% now have the highest percentage of the national wealth since 1929.

Make no mistake about it, everything the Federal Reserve has done since the Wall Street created worldwide financial collapse in 2008 has been to benefit their Too Big To Trust Wall Street owners, the rich and powerful oligarchs, and the biggest borrowers on the planet – the U.S., Japan and EU governments. The $3.8 trillion of QE was funneled into the vaults of the Wall Street bankers so they could pretend their insolvent balance sheets were solvent. The true purpose was to drive stock prices higher in order to subsidize Wall Street, corporate executives, and the .01% who own most of the stocks, while giving the appearance of economic recovery.

The inflation created by QE drove the middle class standard of living lower as energy, food, rent, home prices, health insurance, tuition costs and taxes rose relentlessly. Wall Street and their establishment crony capitalist parasites hit the jackpot in this rigged game, while Main Street lost again.  The Fed’s easy money policies are why since 1999 home prices have risen 76% while household median real income has fallen by over 1%. Pricing millennials out of the housing market has led to the lowest home ownership rate since 1965.

Luckily, the Fed and Wall Street concocted a scheme whereby Wall Street used the free money provided by the Fed to buy up millions of foreclosed homes at fire sale prices and rent them back to the poor schlubs who had been recently evicted by the very same Wall Street banks. The engineered shortage of home inventory led to soaring rent costs for everyone. This is called winning by the establishment.

Reducing interest rates to 0% again benefited those with the most debt: Wall Street banks, mega-corporations, and the U.S. government. It destroyed the finances of senior citizens living off their savings, penalized people for saving, and incentivized heavily indebted consumers to borrow more. How did allowing Wall Street banks to borrow at 0% so they could charge consumers 15% on credit card balances and 6% on auto loans benefit consumers? Did the government enslaving young people in $1.3 trillion of student loan debt with only low paying service jobs available at graduation, benefit anyone other than for profit diploma mills?

The Fed supposedly instituted their ZIRP as an emergency measure during an economic conflagration not seen since the Great Depression. According to the government and the Fed, we are now in the seventh year of an economic recovery with low unemployment, record corporate profits, household income jumping the most in history, and the stock market at all-time highs. If this fantasy narrative was true, the Fed’s discount rate would be 3% to 4% – not .25%. We are lost in a blizzard of lies.

At this point in the cycle only the truly cognitively deficient, Ivy League professors and lapdogs for the ruling class believe the tripe, disguised as government sanctioned economic data, being peddled by those desperately trying to retain hegemony over the country. The real people living in the real world know unemployment is not 4.9%, but north of 15%. They know inflation is not really 1.1%, but north of 5%. They know GDP is a warped measure of economic health, as soaring healthcare expenditures boosts it and using a real measure of inflation would reveal recessionary readings. They know Obamacare has driven their health insurance costs higher and made their care worse. They know “free trade” agreements like NAFTA and TPP result in their jobs being shipped overseas by corporate conglomerates. They know taxes and government fees ceaselessly march higher. They know the government has spent $4 trillion conducting an unwinnable war on terror by waging undeclared wars around the world and we’re less safe than we were in 2001.

Our leaders have made all the wrong choices. The American people have allowed a small cabal of powerful deceitful men to stealthily capture the financial, economic, political and social levers of power in this nation. The result will be depression, violence and ultimately war.

“History offers no guarantees. If America plunges into an era of depression or violence which by then has not lifted, we will likely look back on the 1990s as the decade when we valued all the wrong things and made all the wrong choices.” – Strauss & Howe – The Fourth Turning

The darkening angry mood in the country is self-evident. Race relations are deteriorating rapidly. Cops are increasingly seen as the enemy or just revenue generating shakedown artists for their establishment bosses. Home grown Islamic radicals have been inspired by ISIS and other Muslim terrorist organizations (created, funded, and armed by the U.S. government) to slaughter the American infidels, while our government actively attempts to allow more into our country.

As Snowden revealed, the Deep State has created a surveillance state because they see “the people” as the enemy. They realize the militizaration of police forces and conducting military assault exercises in U.S. cities is not to protect them, but to protect the Deep State. The social justice red herrings are meant to distract the populace and keep them chasing their tails, while the looting and pillaging of the nation’s wealth continues unabated.

Honest, hard-working, traditional, family oriented households, not ensconced in the liberal elite bastions of NYC, DC, LA, or SF, have lost trust in politicians and their fellow Americans. The largest percentage of Americans in history distrusts all politicians and the government institutions run by these corrupt sycophants. Conservatives think liberals are brain dead. Liberals think conservatives have no heart. The social fabric of the nation is in tatters.

There is absolutely no desire for compromise on any issue. The insurgent crusades of Sanders on the left and Trump on the right have shattered establishment illusions they could continue to hand pick captured cronies who would do their bidding. The linear thinkers in the mainstream media are stunned their propaganda campaign to destroy Trump and elevate the choice of the establishment – Clinton – has failed miserably. It shouldn’t be a surprise based upon the Gallup polling data.

With an ongoing depression for the majority of American households, extreme dissatisfaction with the course of the country, and complete distrust of establishment politicians, it would be highly unlikely for the people to select the ultimate corrupt establishment lackey as their next president. While Trump draws tens of thousands to his rallies, low energy sickly Clinton can barely fill a high school gymnasium.

Despite outspending Trump 10 to 1 on negative ads, Trump is either leading or tied in national and key state polls. Considering the establishment controlled media is probably skewing the polls and the huge silent majority isn’t telling the truth, Trump’s lead is probably larger than being reported. The panic among the Wall Street, Hollywood, and Silicon Valley elite is palpable. The anger and disillusionment of the majority is being channeled by Trump in a crusade to sweep away the existing social order. There is no escaping the Fourth Turning.

“Don’t think you can escape the Fourth Turning the way you might today distance yourself from news, national politics, or even taxes you don’t feel like paying. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted. The Fourth Turning necessitates the death and rebirth of the social order. It is the ultimate rite of passage for an entire people, requiring a luminal state of sheer chaos whose nature and duration no one can predict in advance.” – Strauss & Howe – The Fourth Turning

Unless the Deep State can rig the election or arrange for something unfortunate to befall Mr. Trump, we are likely to have a president Trump on November 8. When viewed within the context of the Fourth Turning, it is entirely logical that a cocksure Prophet Generation leader would emerge as a response to the anti-establishment regeneracy mood surging across the land. Being a libertarian minded realist, I realize the coming challenges will not be met with less government intervention, less government spending, or less money printing by the Federal Reserve. The era of procrastination and half measures is over.

“The era of procrastination, of half measures, of soothing and baffling expedience of delays, is coming to its close. In its place we are entering a period of consequences.” – Winston Churchill

Donald Trump and the country he will lead will be dining on a banquet of consequences for the remainder of this Fourth Turning. Trump has been a master of sound bites. The “Make America Great” slogan has resonated with the masses, but slogans won’t pay the interest on the $20 trillion national debt, make good on $200 trillion of unfunded entitlement liabilities, honor government pension plans that are $4 trillion underfunded, or turn $1 trillion annual deficits into surpluses. No candidate has ever been elected by promising to cut entitlements and asking the voters to tighten their belts and be prepared to sacrifice. They promise them more goodies.

Trump has promised to cut corporate and personal income taxes. Who doesn’t like lower taxes? He will cut regulations. Sounds good. He will expand government childcare subsidies. Sounds expensive. Not a peep about Social Security, Medicare, or defense spending. In fact, Trump declares he will rebuild the military. Cutting taxes and regulations, while starting a trade war, will not pay for itself.

Deficits, which are already on automatic pilot to reach $1 trillion in the next few years, will be driven higher. Voodoo economics didn’t work in the 1980s and it won’t work now. This isn’t a TV reality show where the happy ending can be scripted. I picture Trump making his glorious acceptance speech at 11:00 pm on November 8, striding backstage after the speech, turning to Steve Bannon and asking, “What do we do now?”

When I started writing articles about the economy, banks, military industrial complex and corrupt politicians back in 2008, I still naively believed the system could be changed from within. I thought Ron Paul’s vision could save the country. But after watching politicians double the national debt, TARP passed by corrupt politicians of both parties when 90% of their constituents were against it, not one criminal banker prosecuted for the biggest fraud in world history, a president waging undeclared wars all over the world, a national healthcare plan passed against the wishes of the people, and a rogue Federal Reserve implementing disastrous monetary schemes to enrich Wall Street while throwing seniors under the bus, I realized this rigged system is unfixable.

Trump may have the best intentions, but he will be foiled at every turn by his enemies in both parties, along with the ingrained establishment government apparatchiks running the hundreds of useless government agencies. The media will skewer his every statement. Wall Street and corporate America will threaten his agenda if it negatively impacts them in any way. The “invisible government” might decide it’s time to pull the rug out from beneath the overvalued markets, resulting in a crash. The civil chaos is likely to spread as Soros funds the violence. He will be tested by foreign powers. The Middle East is guaranteed to explode in chaotic violence.

Trump may have second thoughts about taking the helm of U.S. Titanic after it has already hit the iceberg. History is cyclical and we are only halfway through this Fourth Turning. The risk of catastrophe over the next decade is high. I have studied history and believe we will be confronted with economic, social, and military upheaval on par with the Great Depression/World War II crisis and the Civil War crisis. We are doomed to repeat history, whether we’ve studied it or not, because human failings span across the ages. Whether we meet the deadly challenges ahead will decide the fate of our country.

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

Full Article: The Burning Platform

 

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.