Stocks are now on borrowed time.

Corporate buybacks have been the single largest driver of stock prices in the last quarter. Institutional investors have been net sellers for 15 weeks. And individual investors have been pulling capital out of stock funds in record amounts.

This leaves corporate buybacks as the sole driver of stocks. But now that is ending.

Announced buybacks plunged 34% in 1Q16. This is the single largest plunge in announcements since 2009.

Now, this does not mean buybacks are drying up all at once. As you can see in the chart above, there were a record number of buybacks announced in 2015. Those plans are beginning to be implemented.

———————————————————————-

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THE CRISIS TRADER has produced an astounding 172% return on invested capital thus far in 2016.

We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.

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To take out a $0.99, 30-day trial subscription to THE CRISIS TRADER...

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———————————————————————–

So there will be a significant degree of corporate buybacks going forward.

However, buyback announcements and actual purchases are not the same thing. Many times companies announce buyback programs that they later fail to complete. So the buying power here is much less than most realize.

Meanwhile, earnings are collapsing, while stocks remain near all-time highs.

Either earnings need to erupt higher in the next few months (highly unlikely given lack of growth) or stocks need to drop at a minimum 20%.

We’re currently preparing for a similar situation today.

Indeed,  subscribers of my Private Wealth Advisory newsletter just closed out THREE more winners last week: gains of 10%, 12% and 15% produced in just a few weeks’ time.

This brings our winning trade streak to 81 straight winning trades.

Indeed, we haven’t closed a single loser since November 2014.

81 straight winners… and not one closed loser… in 18 months.

However, I cannot maintain this kind of track record with thousands of investors following our recommendations.

So we are going to be raising the price on a Private Wealth Advisory subscription from $199 to $249 at the end of the month.

However, you can try Private Wealth Advisory for 30 days today, for just 98 cents.

If you find that Private Wealth Advisory is not for you, just drop us a line and you won’t be charged another cent.

To take out a 30 day trial to Private Wealth Advisory for just 98 cents…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

 

Europe has banned the use of €500 bills.

The reason?

They claim these bills are used in money laundering and for drugs. And if you believe that is the concern, you probably believe the earth is flat.

The fact of the matter is that Europe is now the center for misguided Central Planning for monetary policy. ECB President Mario Draghi has cut interest rates not once, not twice, not even thrice, but FOUR times into NIRP.

The end result has been two items:

• A barely noticeable blip in EU inflation and GDP growth (the former has already rolled over while the latter began to move up even before NIRP)

• Savers and investors to begin to hoard cash rather than go out and spend it or even better (according to Draghi’s thinking) take out loans and spend them too.

———————————————————————-

The Single Best Options Trading Service on the Planet

THE CRISIS TRADER has produced an astounding 366% return on invested capital thus far in 2016.

We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.

Our next trade goes out this morning… you can get it and THREE others for just 99 cents.

To take out a $0.99, 30-day trial subscription to THE CRISIS TRADER...

CLICK HERE NOW!!!

———————————————————————–

NIRP is highly DE-flationary. It is a current tax on capital as well as a future tax on interest income payments. NIRP, in a vulgar fashion, is telling you that you are “screwed” no matter what you do.

Even a basic understanding of human nature suggests that the natural reaction to this is to panic and begin hoard cashing. If you KNOW that the bank is going to charge you for having a deposit, why not take the money out of the bank and put it in a safe where it won’t be charged?

This, not drug money and certainly not money laundering, is why the EU decided to ban €500 bills: to stop people from taking their money out of the banks.

After all, if you’re moving €20,000 or more into cash, you don’t want small denominated bills. It’s much too large a pile to comfortably move around.

This is just one weapon in the growing War on Cash.

If you think this sounds like some kind of conspiracy theory, consider that France has banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.

The next step, if this fails, will be to implement a carry tax on actual physical cash.

The idea here is that since it costs relatively little to store physical cash (the cost of buying a safe), Governments should be permitted to “tax” physical cash to force cash holders to spend it (put it back into the banking system) or invest it.

The way this would work is that the cash would have some kind of magnetic strip that would record the date that it was withdrawn. Whenever the bill was finally deposited in a bank again, the receiving bank would use this data to deduct a certain percentage of the bill’s value as a “tax” for holding it.

For instance, if the rate was 5% per month and you took out a €100 bill for two months and then deposited it, the receiving bank would only register the bill as being worth €90.25 (€100* 0.95=€95 or the first month, and then €95 *0.95= €90.25 for the second month).

It sounds like absolute insanity, but I can assure you that Central Banks take these sorts of proposals very seriously.

This includes the Fed… which has already begun discussing NIRP and Helicopter Money in policy meetings.

Indeed, we’ve uncovered a secret document written by a strategic advisor to multiple Central Banks, which lays out ALL of the above plans.

The paper, written before the 2008 Crisis, suggests that IF a Crisis were to hit and ZIRP didn’t result in a recovery, Central Banks should:

• Buy assets (QE)
• Begin money transfers (the so called “Helicopter money” policy)
• Implement a carry tax or ban physical cash.

We’re currently preparing for a similar situation today.

Indeed,  subscribers of my Private Wealth Advisory newsletter just closed out THREE more winners last week: gains of 10%, 12% and 15% produced in just a few weeks’ time.

This brings our winning trade streak to 80 straight winning trades.

Indeed, we haven’t closed a single loser since November 2014.

80 straight winners… and not one closed loser… in 18 months.

However, I cannot maintain this kind of track record with thousands of investors following our recommendations.

So we are going to be raising the price on a Private Wealth Advisory subscription from $199 to $249 at the end of the month.

However, you can try Private Wealth Advisory for 30 days today, for just 98 cents.

If you find that Private Wealth Advisory is not for you, just drop us a line and you won’t be charged another cent.

To take out a 30 day trial to Private Wealth Advisory for just 98 cents…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

As we noted yesterday, the ECB cannot and will not be able to generate GDP growth or inflation.

The EU is simply too leveraged. You cannot have an entire region sporting a Debt to GDP of over 90%… with banks leveraged at 26 to 1 using sovereign debt as collateral on their derivatives trades, and “fix it” using NIRP or QE.

This is like trying to hold up a 400 lb. weight… and then having someone offer you a floor lamp as additional support. The effect, at best, is largely psychological.

Cue today…

The European Commission told the euro area’s largest economies to reduce debt and modernize labor markets as it again slashed its inflation forecast and warned of slower-than-predicted growth across the 19-nation bloc.

France, Spain and Italy, which have persistently failed to hit European Union budget targets, are still off track, the Brussels-based commission said on Tuesday. Gross domestic product in the currency area will increase by 1.6 percent this year and 1.8 percent in 2017 — both 0.1 percentage point lower than the commission forecast in February. Inflation will average 0.2 percent this year, below the European Central Bank’s target.

            Source: Bloomberg.

So… even after expanding the pace of its QE purchases from €60 billion to €80 billion per month, the ECB expects inflation to be 0.2%.

———————————————————————-

The Single Best Options Trading Service on the Planet

THE CRISIS TRADER has produced an astounding 366% return on invested capital thus far in 2016.

We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.

Our next trade goes out this morning… you can get it and THREE others for just 99 cents.

To take out a $0.99, 30-day trial subscription to THE CRISIS TRADER...

CLICK HERE NOW!!!

———————————————————————–

Bear in mind, the ECB has been overestimating growth and inflation for four years straight. The notion that inflation will hit 0.2% might be misguided.

The fact of the matter is that nothing in the EU has been fixed. All that happened was the markets bought into Mario Draghi’s fib that he’d do “whatever it takes… and believe me it will be enough.”

This is perhaps the single greatest metaphor for everything post-2008: a Central Banker claiming the impossible and the entire world believing it. Meanwhile no structural issues have been addressed, no deleveraging has taken place, and trillions of Dollars have been misallocated based on Central Banks skewing the risk profile of the world by trying to corner the bond market.

How will this end? Terribly. Bonds are the bedrock of the entire financial system. Currently over $7 trillion in sovereign bonds are sporting NEGATIVE yields. It is absolute insanity.

Eventually this will trigger another 2008 type event. The derivatives market for interest rates is over $500 trillion in size. By way of comparison, the Credit Default Swap market, which nearly took down the system in 2008, was just $50-60 trillion in size.

We’re currently preparing for a similar situation today.

Indeed,  subscribers of my Private Wealth Advisory newsletter just closed out THREE more winners last week: gains of 10%, 12% and 15% produced in just a few weeks’ time.

This brings our winning trade streak to 80 straight winning trades.

Indeed, we haven’t closed a single loser since November 2014.

80 straight winners… and not one closed loser… in 18 months.

However, I cannot maintain this kind of track record with thousands of investors following our recommendations.

So we are going to be raising the price on a Private Wealth Advisory subscription from $199 to $249 at the end of the month.

However, you can try Private Wealth Advisory for 30 days today, for just 98 cents.

If you find that Private Wealth Advisory is not for you, just drop us a line and you won’t be charged another cent.

To take out a 30 day trial to Private Wealth Advisory for just 98 cents…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

We continue to see articles by so called “experts” trashing Gold and Silver as investments. Gold is everything from a “Pet Rock” to a “Dumb Investment” or “Barbarous Relic.”

Do these people even bother doing research? Or are they just stock shills?

First and foremost, you cannot compare Gold’s performance relative to stocks anywhere before 1967.

Why?

Because Gold was pegged to currencies up until that point. Any comparison of Gold’s performance relative to other asset classes prior to 1967 is completely misleading because Gold’s performance was limited by currency pegging.

However, once began to be de-pegged in 1967, the story changes.

As Bill King notes, Gold’s performance has absolutely DEMOLISHED that of stocks post 1967. The below chart normalizes both asset classes.

As you can see, even with Gold having lost nearly 40% of its value since 2011, and stocks soaring to all time highs over 2,100 on the S&P 500, the comparison isn’t even close.

This outperformance has continued recently despite the Fed juicing the market at every turn.

———————————————————————-

The Single Best Options Trading Service on the Planet

THE CRISIS TRADER has produced an astounding 366% return on invested capital thus far in 2016.

We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.

Our next trade goes out this morning… you can get it and THREE others for just 99 cents.

To take out a $0.99, 30-day trial subscription to THE CRISIS TRADER...

CLICK HERE NOW!!!

———————————————————————–

Between the year 2000 and today, stocks have been in two of the biggest stock bubbles in history. Over this time period the Fed has done almost nothing but prop stocks up by printing money or maintaining interest rates far below where they should be.

And yet, Gold has once again CRUSHED stocks’ performance. Again, the comparison isn’t even close (and that includes Gold’s terrible performance from 2011 onwards).

Despite these two facts, you rarely if ever see pro-Gold articles appear in the media.

It’s odd… for an asset class that less than 1% of investors actually own, “reporters” and “analysts” sure spend an awful lot of trashing it. How come they don’t spend an equal amount of time trashing uranium or other under-owned asset? Why spend so much time focusing on an asset that so few people even own?

Probably because:

• Gold doesn’t generate any revenue for financial institutions (brokers, investment managers, etc.)

• Gold doesn’t benefit the banks, as you can store it if your own safe.

• Gold and its performance run counter to the view that you can generate wealth via money printing.

At the end of the day, buying Gold represents pulling your money from the financial system… which is the last thing the Fed wants anyone to do.

Meanwhile, as Central Banks turn up the printing presses again, Gold is once again beginning to show signs of life, turning upwards against all major currencies.

We believe the next leg up is about to begin for Gold. Those who remember form the last Gold bull market in the ‘70s, it was the second leg of Gold’s bull market that saw the most gains.

From 1970 to 1974, Gold rose 550%. It then took two-year breather before beginning its second, much larger leg up. During that second leg, it rose over 900% in value.

If Gold were to stage a similar move now, it would rise to over $10,000 per ounce.

On that note…

We’re currently preparing for a similar situation today.

Indeed,  subscribers of my Private Wealth Advisory newsletter just closed out THREE more winners last week: gains of 10%, 12% and 15% produced in just a few weeks’ time.

This brings our winning trade streak to 80 straight winning trades.

Indeed, we haven’t closed a single loser since November 2014.

80 straight winners… and not one closed loser… in 18 months.

However, I cannot maintain this kind of track record with thousands of investors following our recommendations.

So we are going to be raising the price on a Private Wealth Advisory subscription from $199 to $249 at the end of the month.

However, you can try Private Wealth Advisory for 30 days today, for just 98 cents.

If you find that Private Wealth Advisory is not for you, just drop us a line and you won’t be charged another cent.

To take out a 30 day trial to Private Wealth Advisory for just 98 cents…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

It’s been a rough week for stocks.

Traders gunned for 2,100 on the S&P 500 time and again. All of those efforts failed to hold. And this was despite the Fed failing to raise rates again.

The market is now rolling over and likely to test the downward trendline established by a series of lower highs in 2015. Currently this level is around 2,030 or so.

Whether this will result in a severe downturn for stocks remains to be seen. For certain there is a considerable effort to manipulate stocks higher underway. I and others have noted that every single time stocks collapse in the overnight session “someone” steps in a buys futures aggressively to insure stocks reclaim their losses.

That “someone” is undoubtedly a Central Bank.

However, at the end of the day, intraday buying by Central Banks only provides a brief pop in prices, it cannot create a full-blown bull market. The only thing creates full-blown bull markets is droves of investors buying stocks.

However, with earnings collapsing and the S&P 500 sporting a P/E of 24 (bubble territory) investors are running out of reasons to buy stocks.

In short, stocks are in a bubble. And the primary reason to own them (earnings) has rolled over. It’s only a matter of time before the bubble bursts.

The time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.

he time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.

We’re currently preparing for a similar situation today.

Indeed,  subscribers of my Private Wealth Advisory newsletter just closed out two more winners yesterday: gains of 12% and 15% produced in just one weeks’ time.

This brings our winning trade streak to 79 straight winning trades.

Indeed, we haven’t closed a single loser since November 2014.

79 straight winners… and not one closed loser… in 17 months.

However, I cannot maintain this kind of track record with thousands of investors following our recommendations.

So tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

For seven years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.

All of the arguments claiming this defied common sense. A 5^th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $20 trillion in debt to the US system.

Similarly, anyone with a functioning brain could tell you that a bunch of academics with no real-world experience, none of whom have ever started a business or created a single job can’t “save” the economy.

———————————————————————–

The Single Best Options Trading Service on the Planet

 THE CRISIS TRADER has produced an astounding 300% return on invested capital thus far in 2016.

We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.

Our next trade goes out this morning… you can get it and THREE others for just 99 cents.

To take out a $0.99, 30-day trial subscription to  THE CRISIS TRADER

CLICK HERE NOW!!!

———————————————————————–

However, there is an AWFUL lot of money at stake in believing these lies. So the media and the banks and the politicians were happy to promote them. Indeed, one could very easily argue that nearly all of the wealth and power held by those at the top of the economy stem from this fiction.

So it’s little surprise that no one would admit the facts: that the Fed and other Central Banks not only don’t have a clue how to fix the problem, but that they actually have almost no incentive to do so.

So here are the facts:

• The REAL problem for the financial system is the bond bubble. In 2008 when the crisis hit it was $80 trillion. It has since grown to over $100 trillion.

• The derivatives market that uses this bond bubble as collateral is over $555 trillion in size.

• Many of the large multinational corporations, sovereign governments, and even municipalities have used derivatives to fake earnings and hide debt. NO ONE knows to what degree this has been the case, but given that 20% of corporate CFOs have admitted to faking earnings in the past, it’s likely a significant amount.

• Corporations today are more leveraged than they were in 2007. As Stanley Druckenmiller noted recently, in 2007 corporate bonds were $3.5 trillion… today they are $7 trillion: an amount equal to nearly 50% of US GDP.

• The Central Banks are now all leveraged at levels greater than or equal to where Lehman Brothers was when it imploded. The Fed is leveraged at 78 to 1. The ECB is leveraged at over 26 to 1. Lehman Brothers was leveraged at 30 to 1.

• The Central Banks have no idea how to exit their strategies. Fed minutes released from 2009 show Janet Yellen was worried about how to exit when the Fed’s balance sheet was $1.3 trillion (back in 2009). Today it’s over $4.5 trillion.

We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work. They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

The situation is clear: the 2008 Crisis was the warm up. The next Crisis will be THE REAL Crisis. The Crisis in which Central Banking itself will fail.

The time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.

We’re currently preparing for a similar situation today.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Wednesday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

Futures are looking weak again.

Traders gunned for 2,100 on the S&P 500 last week. They briefly touched that level, but there was no follow through for the obvious reason: no one with a brain believes this rally.

We’ve broken above the downward trendline established by a series of lower highs in 2015. However, there’s a decent space between here and the all-time highs that has yet to be filled. And with momentum waning, it’s quite possible this move was a false breakout.

In truth it’s difficult to find just who is buying stocks right now. Corporate buybacks are in a blackout period, so it’s not that. Corporate insiders are selling the farm. Individual investors are pulling money out of stock funds. And institutional investors have been net sellers of stocks for weeks now.

This leaves Central Banks.

What used to be conspiracy theory is now a fact: the futures exchanges permit Central Banks to buy stock futures to provide “liquidity.” It is not coincidence that this policy occurred around the time the markets began to feel increasingly manipulated with stocks ramping higher for absolutely no reason at various points during the day.

If this whole mess sounds like a recipe for a Crash to you, you’re correct. Markets require actual buyers to perform. Sure, Central Banks can manipulate stocks here and there, but you need real buy orders for a market to not completely implode.

Remember the Flash Crash? Remember 2008? Central Banks couldn’t stop those either.

Take a look at the S&P 500’s long-term chart. Where does it look like it’s heading to you?

The time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.

We’re currently preparing for a similar situation today.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Wednesday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

Will stocks collapse 24% (a Crash) in the next three months?

For the first time since the 2009 bottom, Earnings Per Share (EPS) have diverged sharply to the downside from stocks.

There are a lot of reasons why investors buy stocks… but at the end of the day, they all boil down to earnings: the company is only a sound investment if it actually makes money.

The above chart shows us that earnings recently peaked and have diverged sharply from stock prices. Here’s a close up of the last three years:

By this analysis, stocks could easily fall to 1600 to return to a proper valuation. That is 24% below current levels and would qualify for a crash.

The time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.

We’re currently preparing for a similar situation today.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Monday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

 

 

 

In the US economy is most assuredly moving into, if not already in a recession.

The media trumpeted the amazing 2.0% growth rate initially forecast for the first quarter of 2016. That forecast has since collapsed to 0.3%. This is the same game Government beancounters have been playing for years: a great initial forecast that is then revised lower and lower.

The above suggest the US economy is flatlining. However, other data are far worse. We’ve seen 16 straight months of declines in Factory Orders (this never happens outside of recessions)

Also, the Chicago Fed National Activity Index is rapidly deteriorating:

All of these data points indicate the US economy is likely flat-lining if not contracting into a recession.

Meanwhile, stocks are in the single largest bubble in the last 100 years. Look at the MASSIVE gap between the S&P 500 and EPS!

The time to prepare for this bubble to burst is now. When stocks catch up to earnings, we’re going DOWN, possibly even in a CRASH.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Monday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

The markets are prepping for the next massive round of QE.

As I noted earlier this week, NIRP has been entirely ineffective at generating Central Bankers’ desired “inflation.” The ECB has cut rates into NIRP four separate times only to find itself with 0% inflation. In contrast, the Bank of Japan has cut rates into zero once and immediately fallen back into a deflationary collapse.

Indeed, NIRP has even been a dud when it comes to pushing stocks higher.

The ECB’s four NIRP cuts have had a minimal impact on boosting EU stock prices:. The German DAX is roughly flat since the EU first began implementing NIRP.

Indeed, the only significant rally in stocks that the EBC has been able to generate has come via QE.

Ultimately, this leaves more QE as the last remaining monetary tool. QE to buy stocks, QE to buy bonds, QE to buy mortgage securities, etc.

And the next round is just around the corner.

Both the ECB and Bank of Japan are facing a return to deflation. Japan’s inflation rate is flatlining after a brief boost courtesy of the largest QE program in history. The EU in contrast has seen QE briefly move it towards a deflation rate of 2%… all the more incentive to go for even more.

The goal is inflation. Central Banks will stop at nothing in their attempts to create it. The reason? Because the alternative is debt deflation which would implode the $100 trillion bond bubble.

Inflation is coming… you need to prepare now.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 75 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Friday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

The world has not yet full realized the magnitude of the slowdown in China.

The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction.

Indeed, back in 2007, no less than current First Vice Premiere of China, Li Keqiang, admitted to the US ambassador to China that ALL Chinese data, outside of electricity consumption, railroad cargo, and bank lending is for “reference only.”

Let’s take a look at China’s self-admitted more accurate economic data points then.

According to the State Council’s National Development and Reform Commission China’s electricity consumption grew at 3.2% in the 1Q16. This represents growth that is a full 50% LOWER than the “official” China headline GDP growth numbers.

That’s the best part…

According to Qiao Baoping, chairman of China Guodian Corp, China has overcapacity of 20%. Baoping believes China will see a DECREASE in electricity consumption this year. This comes after last year’s decline in electricity generation: the first such fall in DECADES.

Beyond electricity consumption…

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Consider that Chinese freight index just collapsed to a record low. If China’s economy was chugging along at 6% or more… how is it that the volume of freight being shipped from China collapsed nearly 50% in the last two years?

The one prop holding up China’s economy is its rampant Credit Growth. Indeed, as ZeroHedge noted recently, China has pumped over $500 billion in credit into its economy thus far in 2016:

This represents an amount equal to nearly 7% of China’s GDP in credit expansion… in THREE MONTHS.

This insane money printing has generated no shortage of bubbles, the most notable of which is in property prices:

If this whole mess feels like 2007-2008 all over again, you’re right. Once again we have Oil and commodities spiking higher on hopes of China’s growth and Central Bank policy (more money printing). Meanwhile, the global economy is contracting, lead by a slowdown in China which is growing at 4% at best and likely flat-lining.

Remember, the farther and farther the markets get away from fundamentals, the worse the Crash will be.

Indeed, I’ve already alerted subscribers of my Private Wealth Advisory newsletter to two plays that resulted in gains of 11% and 41% in just six week’s time from the market’s volatility.

This is nothing new for us, in the last 17 we’ve closed  out  77 straight winning trades.

Did I say, “77 straight”winning trades”?!?

Yes, I did.

For 16 months, not only have Private Wealth Advisory subscribers locked in 75 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...

And I’ve got three more winners (#’s 78, 79, and 80) on deck as I write this.

But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

77 closed winners… and not one closed loser… in 17 months.

Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.

So tonight (Monday) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.

This is it… no more extensions… no more openings.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

 

 

 

 

The Fed has unleashed inflation.

And it wants more of it.

From mid-2014 until early 2016, commodities as an asset class, collapsed some 45%.

This was an all out bloodbath. But despite this collapse in prices, inflation began to perk up.

Since that time, numerous Fed officials, including Fed Vice-Chair Stanley Fischer have concluded that inflation has arrived and that the Fed wants more of it.

Beyond this, the Fed failed to raise rates in March despite data hitting levels at which it claimed a rate hike was warranted. It has also walked back its rate hike forecast from four potential rate hikes to just two (if that).

There is also the political issue to consider. President Obama had a sit down with Fed Chair Janet Yellen on Monday. This was the first one-on-one meeting they’ve had since October 2014 (right before Congressional elections).

The first Fed rate hike in nine years did so much damage that it took multiple Central Banks unveiling multiple new policies to undo it. In light of this, what are the odds Obama pushed Yellen to refrain from hiking rates and pushing an already weak economy into full-blown recession? Pretty darn high.

 Which means you can forget about another rate hike this year. Instead we’ll get numerous Fed officials playing “good cop, bad cop” with different verbal interventions to maintain the illusion that another rate hike is possible.

Politically it is not. Which means… inflation will be rising even more in the coming months. Indeed, sticky inflation is moving sharply higher. This will only worsen as commodities continue to rebound (oil is up 40% since its bottom).

The precious metals markets know it too. Inflation is here. And the Fed isn’t going to try and stop it.

Gold and Gold-related investments will be exploding higher in the coming weeks.

If you’re an investor who wants to protect yourself from the coming bear market, then you NEED to take out a trial subscription to our paid premium investment newsletter Private Wealth Advisory.

Private Wealth Advisory is a WEEKLY investment newsletter with an incredible track record.

To wit… in the last 16 months we’ve closed out  77 straight winning trades.

That is not a typo…

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%…

But throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

Indeed, we just closed out two more double digit winners yesterday: gains of 10% and 40% opened just a few weeks before

As you can imagine, this track record is a getting a ton of attention, so we are going to be closing the doors on our current offer to explore Private Wealth Advisory at the end of this month.

So if you want to try Private Wealth Advisory for 30 days for just 98 cents, you need to get moving, because the clock is ticking and slots are quickly running out.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit

 

 

 

If you’re an investor who wants to protect yourself from the coming bear market, then you NEED to take out a trial subscription to our paid premium investment newsletter Private Wealth Advisory.

Private Wealth Advisory is a WEEKLY investment newsletter with an incredible track record.

To wit… in the last 16 months we’ve closed out  77 straight winning trades.

That is not a typo…

For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%…

But throughout that ENTIRE TIME we’ve not closed a SINGLE loser.

Indeed, we just closed out two more double digit winners yesterday: gains of 10% and 40% opened just a few weeks before

As you can imagine, this track record is a getting a ton of attention, so we are going to be closing the doors on our current offer to explore Private Wealth Advisory at the end of this month.

So if you want to try Private Wealth Advisory for 30 days for just 98 cents, you need to get moving, because the clock is ticking and slots are quickly running out.

To lock in one of the remaining slots…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Our FREE e-letter: http://gainspainscapital.com/

Follow us on Twitter: http://twitter.com/GainsPainsCapit