Could Stocks Crash?

Last month I warned that we could see another round of deflation before the Fed announces QE 3. At that time I wrote…

Indeed, if stocks were to drop off a cliff, they’d drag commodities down with them. This would take some of the inflationary heat off of consumers, which would allow the Fed to continue its BS “inflation is transitory” mantra and pave the way for QE 3.

Understand, I am absolutely certain we’ll see QE 3 in the future. But the Fed first needs justification for it. And a market collapse would be perfect.

This is exactly what has happened. In fact, it looks as though the Fed is intentionally letting the markets come undone in order to set the stage for more money printing down the road.

The issue now is how far the Fed will let things collapse. When QE 1 ended in April 2010, stocks dived 15% before the Fed stepped in and began hinting at more QE. By today’s numbers this would mean the S&P 500 falling to 1,160 or so.

However, given the extreme degree of danger in the world today (the European banking Crisis, the Middle East, China overheating and Japan’s nuclear disaster) there is plenty of room for surprises to the downside.

Indeed, we’ve already seen the commodity sector and emerging markets (particularly China) take a sizable hit. And Treasuries have begun to rally sharply too. All of these are typical warning signs that real danger is afoot for the stock market.

So could stocks crash?  If we take out support at 1,300-1,310, we have minor support at 1,275 and 1,250, but we could easily go to 1225 relatively quickly.

We’re also getting close to registering my proprietary Crash indicator. This signal registered before the 1987 Crash, Tech Collapse, and 2008 Disaster. It also caught the Euro Crisis of 2010.

And it’s getting close to registering a signal now.

Which is why I’m already preparing subscribers of my Private Wealth Advisory newsletter with five deflation trades designed to profit from a stock market debacle. While the market’s been a sea of red in the last two days, these positions have performed beautifully. One of them even rallied more than 6% yesterday!

And we’re just getting started.

Remember, in order for the Fed to announced QE 3 or some other money printing scheme, they need the financial system to cool down. So they have EVERY incentive to let stocks collapse right now. Fed members have even openly hinted at this possibility in the last week.

So the time to prepare for this is now. You simply cannot afford to be married to one outcome in the markets. Which is why I’ve got Private Wealth Advisory subscribers preparing for deflation in the short-term, with another round of inflation coming later this year after QE 3 is announced.

In other words, we’re covering all the bases… which is the whole purpose of Private Wealth Advisory: to make money in EVERY market.

So if you’re looking for actionable trades to profit from the coming market collapse… as well as future market moves, you NEED to check out Private Wealth Advisory today. Because the way things are going… if you put it off much longer, it might be too late.

To find out more about Private Wealth Advisory and take action to profit from the Fed’s planned market collapse…

Click Here Now!

Good Investing!

Graham Summers

 

 

Posted by Phoenix Capital Research in It's a Bull Market

Why the Fed Won’t Stop the Juice

It’s very strange to see commentators claiming that QE 3 will end and the Fed will no longer supply any juice to the system. After all, we have not had a period in which the Fed wasn’t pumping tens of billions into the markets since 2007.

Indeed, the only time the Fed wasn’t officially pumping its brains out was between the end of QE 1 (April 2010) and the announcement of QE lite (August 2010).

However, despite the formal declaration that QE 1 was over, the Fed DID continue to pump north of $10-20 billion into the markets every month, ALWAYS during options expiration week.

Like I said, there hasn’t been a period when the Fed wasn’t pumping in years. And let’s not forget that the Fed has ALSO been put an additional $600 billion into the markets since November (on top of QE 2).

That’s correct, in the last six months, the Fed has been pumping ANOTHER $100 billion per month into the system behind the scenes.

So at this point, between QE 2 and the Fed’s behind the scenes move, the markets are receiving nearly $200 billion per month in additional liquidity. The idea that the Fed will remove these props, when ALL the Fed’s done for four years is provide liquidity, is ridiculous.

So expect more QE or more liquidity pumps at any rate. The markets are already sensing this which is why commodities have put in a base and are now on the verge of beginning their next leg up:

To reiterate the central points of this piece: the Fed has done nothing but pump the system since 2007. Every time the economy worsened or things got ugly the Fed added the juice. And it’s clear the US economy started to take another dive back in February 2011. So while QE 2 may officially end, the Fed will be pumping money behind the scenes… that is until it announces some new program, likely QE 3 or something just like it that uses a different term (the public is fed up with QE).

Keep your eyes on commodities. They’ll let you know what’s going on at the Fed.

Good Investing!

Graham Summers

PS. I’m using this pullback in the inflation hedge space to add several high quality inflation hedges to my Private Wealth Advisory newsletter portfolio. If you’re looking for exceptional investments that will maintain their purchasing power and outperform even Gold and Silver as inflation continues to expand in the US, you NEED to check out my Private Wealth Advisory newsletter.

To learn more about Private Wealth Advisory…

Click Here Now!!!

Posted by Phoenix Capital Research in It's a Bull Market

Graham Summers’ Free Weekly Market Forecast (Greek Bailout Round Two? Edition)

As I write this, Germany is rumored to have agreed to a second bailout for Greece. The Euro and stocks are rallying hard on the announcement. Silver and Treasuries are down, while Gold is roughly breakeven.

The big picture here concerns the US Dollar which had already fallen to test its 50-DMA. If the US Dollar breaks below this line and fails to reclaim it then the US Dollar rally is over.

The technical pattern here is a falling wedge pattern. As the below chart shows we hit right up against upper descending trendline. We’re likely to test the lower trendline now which is around 72 or so:

If we do this, it will mean a test of the all-time low originally formed in July 2008. If we take this line out, we’re into uncharted territory.

This situation needs to be watched closely as it could very well herald the next wave of inflation in the US. I’ve stated before I thought this latest US Dollar rally was a dead cat bounce. That’s now looking to be case.

On that note, I’m currently preparing subscribers of my Private Wealth Advisory newsletter for the next round of inflation with five extraordinary inflation hedges that will outperform even Gold and Silver as inflation hits the markets again.

I’m detailing them in a two part Special Report titled: Better Than Gold: The Five Best Inflation Hedges On the Planet.

Part 1, detailing the first two inflation hedges, was published just last Wednesday.

Already one of them is already up 3%. However, this is NOTHING compared to the gains we’re going to be seeing.

Let me explain…

My first inflation hedge is one of the greatest investment secrets on the planet. Over the last 10 years it’s increased its reserves 1,200%. Today it sits on over 12 million ounces of Gold.

However, despite this incredible track record and value, 99.9% of the investment world doesn’t EVEN KNOW THIS COMPANY EXISTS. Indeed, the last time a firm upgraded/ downgraded this company was OVER A YEAR AGO.

Literally NO ONE is talking about this company.

Because of this, the market has no idea about the true value of this company’s assets: today the company’s reserves are valued at only $600 PER OUNCE.

To give you a better idea of how absurd this is, consider that other, better-known companies with comparable reserves have market caps that are more than TWICE as big as this one.

I’m detailing this company and four others of similarly obscene value in two parts of my Better Than Gold: The Five Best Inflation Hedges On the Planet.

Part 1 of this report, which details this company and another one that’s even MORE attractive, is already online and available to download to all Private Wealth Advisory subscribers.

To get in on these investments AND receive the next three from Part 2 of my Better Than Gold: The Five Best Inflation Hedges On the Planet report, all you need to do is take out a “trial” subscription to Private Wealth Advisory.

You’ll then have 30 days to try out my insights and trading ideas. If, at any point during those 20 days, you decide Private Wealth Advisory is not for you, simply drop us a line and we’ll issue a full refund.

The insights and reports you gain during that time are yours to keep even if you choose to cancel.

To get started with your “trial” Private Wealth Advisory subscription…

Click Here Now!!!

Good Investing!

Graham Summers

 

 

Posted by Phoenix Capital Research in It's a Bull Market

I’ve Been Mished…

I recently discovered that famed financial commentator, Mike “Mish” Shedlock published a piece in which he quoted an article I published and proceeded to tear my views (at least what he claims my views were) to pieces.

The actual article I wrote that Mish refers to is:

http://www.zerohedge.com/article/time-prepare-hyper-inflation-it-explodes

The first line of the piece notes that it’s a continuation of several other pieces I’d written before. Mish doesn’t bother referring to them anywhere. He simply starts off by quoting the following:

The similarities between the US today and Weimar pre-hyperinflation are striking. As in Weimar, US fiscal authorities are not taking any steps to rein in their loose money policies. Similarly, the US Fed, like Germany’s financial elites believes that currency depreciation is a good thing.

Thus we have a rather frightening set-up for hyperinflation in the US: the largest emerging market players are moving away from using the US Dollar at the same time that US monetary authorities are engaging in disastrous policies similar to those employed by the men who brought hyperinflation to Weimar Germany.

I firmly believe the US will see serious (‘70s style inflation) if not hyperinflation within the next 2-3 years. It could come sooner depending on how the Fed’s policies play out.

The purpose of these paragraphs was to say that the financial elite in the US are maintaining similar views to their counterparts in Weimar Germany. I DO NOT say the US is just like Weimar (though I say I believe we will experience similar hyperinflation at some point). I DO say that the financial elites in both countries engaged in similar practices. That’s a key difference.

Mish however, takes my quote to mean that Weimar and the US are identical in every way. He then lists four key differences between the two. His differences are:

1) Germany lost World War I

2) The Treaty of Versailles imposed repayment conditions on Germany that could not be met

3) To enforce the treaty, France occupied parts of Germany

4) Germany printed money so fast people burnt stacks of money for heat

On the surface these do indeed look like major differences (the US didn’t lose WWI, ISN’T forced by the Treaty of Versailles to make debt payments, isn’t being occupied by France, and has yet to print enough money that people burn bills for fuel).

However, these are only differences if one takes everything literally.

The US, like Weimar, is a massively indebted nation. And the US, like Weimar, is being forced to continue to issue debt and repay it (though in the US’s case it’s Wall Street and their lackeys in Washington pushing for this). Like Weimar, the US CANNOT repay its current debt obligations. And we’re also being taken down this road against our will (this time by Congress which ignores the fact most Americans don’t want us to issue more debt, similar to Weimar’s financial elite who continued down their path of loose money policies).

And finally the US Federal Reserve is printing money… like Weimar. Is it the exact same amount? No. Are people burning bills for fuel? No. But did I claim that the US was doing this? NO.

Again, the primary differences Mish lists between Weimar and the US are only differences if you take everything from a literal standpoint. And I wish to reiterate that Mish didn’t correctly get the primary points I was making in the sections he quotes. Of course that didn’t stop him from saying it was all “nonsense.”

Mish then takes issue with my suggestion that a common currency in Asia could potentially be a viable alternative to the US Dollar as the reserve currency of the world.

Mish quotes the following from my article:

Indeed, it was just revealed that ASEAN+3 countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, China, Japan, and South Korea) are researching the prospect of a “common currency” similar to the Euro.

The significance of this development cannot be overstated.

Once again, Mish ignores other parts of the article in which I state that common currencies in general are flawed. He also ignores the fact that I never actually say a common currency from Asia is guaranteed. I DO say the following:

What I mean is that should a common currency be introduced in Asia, it would probably work for about 10-15 years. By then we’re well into the 2020s if not the 2030s at which point it is quite possible China will indeed be in a place to provide a world reserve currency on its own.

I wish to stress that even if Asia doesn’t implement a common currency and the US Dollar remains the world’s reserve currency (I put the odds of this at 20%), we are still facing a debt default in the US which will result in the US Dollar dropping dramatically in value and ushering in serious if not hyper-inflation.

The inclusion of “should” clearly illustrates that I am NOT saying a common currency is guaranteed in Asia but instead could be a potential option IF the respective Governments pursue it. Mish misses that point. But again, it didn’t stop him from calling my piece “nonsense.”

The rest of Mish’s piece consists of the same literal interpretation of everything I say. In the end, while trying to discredit my ideas while presenting himself as vastly more astute than me (to readers who likely didn’t even bother reading my article or the ones preceding it), all he really does is indicate that:

1)   He doesn’t actually bother to understand what an author is saying before attacking his or her views

2)   He has no issue calling others’ work nonsense without bothering to speak with the author or read additional material the author has put out

Regarding the latter point, I actual have spoken to Mish several times on the phone in the last few years. The most recent call was in July 2009. At that time I called to discuss the inflation/ deflation debate with him. Our debate consisted of Mish yelling for 15 minutes straight about how inflation didn’t exist and that anyone who believed it did was an idiot. I had to ask him to stop yelling several times so I could actually say something.

This is why Mish’s piece wasn’t totally a surprise for me. I’d already experienced his “no room for contrary views,” take on economics personally. And it’s not surprising that a man whose notion of a friendly discussion involves screaming over others would publish an article attacking someone else’s ideas without bothering to even figure out what the person is really trying to say.

By the way, the time when Mish told me inflation didn’t exist and that I had to be insane to claim it was a reality was July 2009… when Gold was at $900 per ounce, Oil was at $70 per barrel, Wheat was under $600, and Copper was under $2.50.

However, I’m not going to personally attack Mish’s views or his writing because there are FOUR key differences between us:

1)   I believe that writing a piece attacking someone’s ideas offers little if any value to readers or investors

2)   I don’t actually read him much so I’m not familiar with his views… so even if I wanted to attack him, I wouldn’t feel comfortable doing so

3)   Before attacking the ideas of someone who I’ve actually spoken to over the phone (several times), I would first write him a personal email asking him to clarify his points so I had a better grasp of what he was saying

4)   I don’t consider views that are contrary to my own as “nonsense.”

Obviously none of these hindered Mish.

Graham Summers

Posted by Phoenix Capital Research in It's a Bull Market

Inflationary Thursday: Five Investments That Are Better Than Gold

This latest pullback in the commodities space has presented long-term bulls and inflationists with a terrific buying opportunity in the inflation hedge are.

Indeed, Silver looks to have put in a base and is now challenging resistance at $37.50. If we can break that level with conviction we’re off the to the races again.

The picture is even better for Gold which not only held its trendline (and the first line of support) but has bow broken out of a triangle pattern to the upside: a move that predicts a re-test of the highs:

However, the pullback in commodities has been EVEN BETTER for other lesser known inflation hedges. Indeed, individual players were absolutely decimated, bringing them to valuations we haven’t seen since 2008.

Consider that during 2008, Gold traded around $900 per ounce. Today it’s at $1,500. And yet, based on reserves and underlying assets, many inflation hedges today are trading at valuations equal to when Gold was only at $900 per ounce.

In other words… BACK UP THE TRUCK!

I’m currently putting together a two part Special Report detailing the FIVE BEST opportunities in the inflation hedge space today. I call it Better Than Gold: The Five Best Inflation Hedges On the Planet… and the companies these reports detail are SCREAMING buys.

For instance…

My first inflation hedge is one of the greatest investment secrets on the planet. Over the last 10 years it’s increased its reserves 1,200%. Today it sits on over 12 million ounces of Gold.

However, despite this incredible track record and value, 99.9% of the investment world doesn’t EVEN KNOW THIS COMPANY EXISTS. Indeed, the last time a firm upgraded/ downgraded this company was OVER A YEAR AGO.

Literally NO ONE is talking about this company.

Because of this, the market has no idea about the true value of this company’s assets: today the company’s reserves are valued at only $600 PER OUNCE.

To give you a better idea of how absurd this is, consider that other, better-known companies with comparable reserves have market caps that are more than TWICE as big as this one.

Like I said… BACK UP THE TRUCK.

I’m detailing this company and four others of similarly obscene value in two parts of my Better Than Gold: The Five Best Inflation Hedges On the Planet.

Part 1 of this report, which details this company and another one that’s even MORE attractive, is already online and available to download to all Private Wealth Advisory subscribers.

To get in on these investments AND receive the next three from part 2 of my Better Than Gold: The Five Best Inflation Hedges On the Planet report, all you need to do is take out a “trial” subscription to Private Wealth Advisory.

You’ll then have 30 days to try out my insights and trading ideas. If, at any point during those 20 days, you decide Private Wealth Advisory is not for you, simply drop us a line and we’ll issue a full refund.

The insights and reports you gain during that time are yours to keep even if you choose to cancel.

To get started with your “trial” Private Wealth Advisory subscription…

Click Here Now!!!

Good Investing!

Graham Summers

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

We’ve Just Breached the Debt Ceiling… Next Comes the Default

While Barack Obama is chugging Guinness and Congress is doing… well not much of anything, we’ve breached the US debt ceiling.

That’s correct, the US now has more debt than is legally permitted. We’d crossed the “more debt than is healthy” as well as the “more debt than is sane” levels long ago. However, it wasn’t until the last few weeks that we cleared the legal debt limit.

You’d think that the world’s largest economy (and home of the world’s reserve currency) exceeding its debt limits would be big time news. But we’ve yet to hear a peep about it from the mainstream financial media.

It’s even stranger that we haven’t heard mention of the fact that the US is in fact RAIDING pension funds to continue to fund its debt.

That’s correct, Tim Geithner, who aside from being a tax dodger has managed to make US Treasuries (formerly the ONLY risk-free investment in the world) so unattractive to foreign investors that he is now using money that was promised to retirees to fund his debt orgy.

Let’s think about this for a moment… US Treasuries are so unattractive that investors no longer want to buy them… so we’re using money promised to those who worked… to buy them.

Simply staggering.

Aside from being morally wrong, Geithner’s moves are the usual “I’ve got no solutions so I’m just going to come up with something on the fly” nonsense we get from the DC crowd. Even Geithner himself has admitted that his latest scheme will only buy the US about three months’ time before we start defaulting on our debt.

That’s not a typo… Geithner has publicly stated that barring any sudden changes in the demand for US Treasuries, the US will DEFAULT in August 2011.

In some ways this doesn’t matter. The US was going to default soon anyway. The US Federal Reserve is the primary buyer of Treasuries now. And it’s simply buying 50+% of all new debt issuance back from Wall Street (usually within a week or two of the debt being issued).

In other words, the entire US debt structure is now a giant Ponzi scheme.

We all know how this ends… with a debt default followed by a US Dollar collapse… which is why smart investors are using this latest pull-back in inflation hedges to load up in anticipation of the coming US Dollar collapse.

On that note, I’m just about to release Parts 2 and 3 of my How to Survive Hyperinflation report in a few hours.

The purpose of these reports is to identify EXTRAORDINARY inflation hedges that will outperform even Gold and Silver as hyperinflation erupts in the US.

And boy WILL THEY.

My first inflation hedge is a Gold producer. However, you wouldn’t think this if you looked at its balance sheet. It has no debt and over $700 MILLLION in cash.

In fact, based on its production, this company is trading at a P/E of less than 10!!! Other companies with comparable Gold production rates trade at more than TWICE this company’s current market cap.

So to say that the odds of a double here are high would be a GROSS UNDERSTATEMENT.

Want to find out what it is and get in on the gains? You can get the name, symbol and how to buy these incredible investment by…

Clicking Here Now!!!

Now about that second inflation hedge…

With Gold at $1,500 per ounce, this company is trading for less than 1/6th of its PROVEN reserves.

However, the potential for a MAJOR surprise to the upside here is high. You see, this company has increased its reserves over 1,000% in the last ten years alone.

This is no mere exploration company either… this company expects to produce 300,000 ounces of Gold this year… up from 200,000 last year.

And yet it’s currently CHEAPER TODAY than it was BEFORE it began production!

The potential for a buyout here is very VERY high. To find out what this company is (name, symbol, and how to buy it) and get on board before this happens…

Click Here Now!!!

The above two investments are two of the best opportunities I’ve seen in my entire investing career… However, I’m not done yet… I’ve got another THREE incredible inflation hedges coming later this week. And they’re just as amazing as the first two.

To pick them up as well as the two I described above, all you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter.

You’ll immediately be given access to Parts 2 and 3 of my How to Survive Hyperinflation report (which are online now).

You’ll also receive Parts 4-6 via email later this week as they’re released.

And you can keep ALL SIX of these reports EVEN if you decide Private Wealth Advisory isn’t for you and request a full refund in the first 30 days.

How’s that for some SERIOUS value?

To get started with your “trial” subscription to Private Wealth Advisory

Click Here Now!!!

Good Investing!

Graham Summers

Editor In Chief

Gains Pains & Capital

Posted by Phoenix Capital Research in It's a Bull Market

Graham Summers’ Free Weekly Market Forecast (Stocks are Last To Get It Edition)

For months now the commodities sector has been leading stocks. Of the commodities agricultural commodities were the market leaders: they began this rally back in June 2010, a month before Gold and two months Oil hit lift off:

With that in mind, the first warning we got of trouble in the markets came from the agri space which began to roll over in February 2011. They fell hard, forming a domed top and are now bouncing off support to retest their descending trendline since the Feb 2011 top:

If we break the descending trendline, we’re likely to re-test the Feb 2011 highs. Alternatively, if we break support, we’re going to $9.50 if not $8.50 in short order.

IF this happens, then expect stocks to take a BIG hit. So far they’re held up relatively well although as we all know by now, stocks are ALWAYS the last to “get it.” So the fact that stocks have held up while commodities (especially the economically sensitive ones like copper and oil) have taken a dive could in fact be a BAD thing as it predicts some serious pain for stocks.

On that note, the primary line to watch here is support at 1,325. If  we take out that line with conviction, stocks are going to 1,300 if not 1,250.

Indeed, the S&P 500 has formed a triangle pattern that predicts a potential breakdown to 1,260 if not lower. So be on the lookout for a potential SERIOUS correction coming shortly.

On that note, I’ve already got subscribers of my Private Wealth Advisory newsletter prepared for this with three quick trades to profit from a market meltdown. Already all three of them are up in the last few weeks and we’re just getting started.

To find out what they are… and get in on the gains….

Click Here Now!!!

Those who think stocks can’t collapse need to consider that the Fed actually WANTS this to happen: they need oil and other commodities to cool so the inflationary pressure drops. The Fed also need some kind of incentive to keep printing money. And a market collapse would serve as the perfect “SEE? We NEED to keep QE going to hold the system together” argument for later this year.

So expect stocks and the market to tank in the coming weeks. After that, QE 3 will be announced. And when that happens, inflation hedges will EXPLODE.

Which is why I’m ALSO preparing Private Wealth Advisory subscribers with a SIX-PART Special Report How to Survive Hyperinflation that details HOW and WHEN hyperinflation will hit the US as well as the names symbols and how to buy FIVE INCREDIBLE inflation hedges that will outperform even Gold and Silver when this happens.

I’m talking about inflation hedges that 99% of the investment world doesn’t know about: companies that own INCREDIBLE assets that the market is currently pricing at RIDICULOUS valuations.

The kind of assets larger firms will buy at a MASSIVE premium.

I’ve unveiling the first of these FIVE incredible inflation hedges tomorrow after the markets closes. After that the other four will be released over the next two weeks.

If you’d like to get in on these investments on the ground-floor the time to buy is NOW before inflation explodes in the US.

To take out a subscription to Private Wealth Advisory and get on board for our three “market collapse” trades as well as the FIVE incredible inflation hedges detailed in the How to Survive Hyperinflation Special Reports…

Click Here Now!!!

Good Investing!

Graham Summers

Posted by Phoenix Capital Research in It's a Bull Market

Why the “Is QE 3 Coming?” Debate is a Moot Point Pt 2

This is a continuation of an essay I wrote yesterday concerning the Fed’s moves during the financial crisis. As a recap, here are those moves again:

  • The Federal Reserve cutting interest rates from 5.25-0.25% (Sept ’07-today)
  • The Bear Stearns deal/ Fed taking on $30 billion in junk mortgages (March ’08)
  • The Fed opens up various lending windows to investment banks (March ’08)
  • The SEC proposes banning short-selling on financial stocks (July ’08)
  • Hank Paulson gets a blank check for Fannie/Freddie but promises not to use it (July ’08)
  • Hank Paulson uses the blank check with Fannie/ Freddie spending $400 billion in the process (Sept ’08).
  • The Fed takes over insurance company AIG (Sept ’08) for $85 billion.
  • The Fed doles out $25 billion for the auto makers (Sept ’08)
  • The Feds kick off the $700 billion Troubled Assets Relief Program (TARP) with the Government taking stakes in private banks (Oct ’08)
  • The Fed offers to buy commercial paper (non-bank debt) from non-financial firms (Oct ’08)
  • The Fed offers $540 billion to backstop money market funds (Oct ’08)
  • The Feds agree to back up to $280 billion of Citigroup’s liabilities (Oct ’08).
  • $40 billion more to AIG (Nov ’08)
  • Feds agree to back up $140 billion of Bank of America’s liabilities (Jan ’09)
  • Obama’s $787 Billion Stimulus (Jan ’09)
  • QE lite (August ’10)
  • QE 2 (November ’10)

I’m sure I left something out. But the above make it clear just how Ben Bernanke likes to tackle financial problems: printing money. On that note, we need to keep in mind just WHY the Fed did all of this: propping up the Big Banks and their gaping balance sheets.

The global derivatives market is completely unregulated and frankly no one knows how big it is. However, we DO know that US commercial banks alone have over $230 TRILLION in notional value derivatives on their balance sheets. Of this $230 trillion, 94%+ sits on just four banks’ balance sheets. They are:

The above chart reveals the derivatives exposure (in $ TRILLIONS) of the Fed’s darlings: the four banks that the Fed favored above all others during the 2008 disaster. As I wrote in the April 6 2011:

The Fed not only insured that they didn’t go under during 2008, but in fact allowed these firms to INCREASE their control of the US financial system.

Consider that JP Morgan took over Bear Stears. Bank of America took over CountryWide Financial and Merrill Lynch. Citibank and Bank of America were the only two banks to have their liabilities directly backed by the Fed ($280 billion for Citi and $180 billion for BofA).

Then there’s Goldman Sachs which was made whole from all AIG liabilities, received $13 billion in direct funding from the Fed, and was supported while ALL of its investment bank competitors either went under or were consumed by other entities, granting Goldman a virtual monopoly over the investment banking business (the firms that were merged with larger firms all laid off large portions of their employees and closed down whole segments of their business).

The ENTIRE 2008 episode was the result of the Credit Default Swap (CDS) market imploding (CDS, a type of derivatives, comprised about $50-60 trillion in value). And to claim that the Fed didn’t know why the Financial Crisis happened is a lie.

Indeed, as early as 1998, Ben Bernanke’s predecessor, Alan Greenspan, tol , soon to be chairperson of the Commodity Futures Trading Commission (CFTC), Brooksley Born, that if she pushed for regulation of the derivatives market it would implode the financial system.

Again, the Fed knew for over 10 years (possibly longer) that the derivatives market was a disaster waiting to happen. So believe me when I tell you than Ben Bernanke knew exactly what caused 2008.

Indeed, his actions make it clear just what he was fighting (a derivatives collapse) as 90% of his major moves were meant to prop up the four banks with the largest derivatives exposure.

Now, as stated before, 2008 was caused by the CDS market, which was $50-60 trillion in size. In contrast, the derivative market based on interest rates is $196 TRILLION in size.

In fact, derivatives based on interest rates represent 84% of ALL derivatives in the US.

So with that in mind, it is clear the Fed will be engaging in QE 3 and QE 4 and on and on for as long as it can. The reason? Because if the Fed loses control of the interest rate curve, it could trigger a systemic collapse that is FOUR TIMES as large as that of 2008.

So more money printing is coming. There’s no question of that.

On that note, if you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Disaster explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this.

All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what’s to come. And it’s all 100% FREE.

To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

Good Investing!

Graham Summers.

PS. We also offer a FREE Special Report specifying exactly how to prepare for the coming collapse in the US stock market (inflation will NOT be positive for stocks for much longer).

I call it The Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a wealth of information about portfolio protection, which investments to own and how to take out Catastrophe Insurance on the stock market (this “insurance” paid out triple digit gains in the Autumn of 2008).

Again, this is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

Posted by Phoenix Capital Research in It's a Bull Market

Why the “Is QE 3 Coming?” Debate is a Moot Point

The QE 3 debate has been raging ever since the Fed announced QE 2 in November 2010. However, this debate is moot. The reason is because the Fed HAS to perform QE 3 in some form or another.

Indeed, the market has not operated without money pumps around $30 billion each. By June 2008, the Fed had done this 14 times to the tune of $200+ billion. Then came the $700 billion bailout in November 2008.

After this came QE 1 from March 2009-April 2010. This entailed roughly $50-80 billion in money pumps per month hitting the market. Even after QE 1 ended the Fed continued supplying the juice to the tune of $30 billion or so per month (though most commentators completely missed this).

Then we get QE lite, which results in another $50 billion per month, then QE 2 which brings it to $100 billion per month, and finally, at the beginning of 2011, the Fed starts pumping another $100 billion per month behind the scenes.

So, in the last two years, the Fed has gone from making monthly money pumps of $30 billion to monthly money pumps of $200 billion.

THIS is why I am certain QE 3 is coming. The Fed has done nothing but pumped money into the market since July 2007. Even during periods when it had no formal QE program in place it was STILL pumping money into the system.

However, the Fed has got itself in a bind. Having pumped so much money into the system, the Fed has created mini-bubbles in Silver and a few other commodities. Add to this the growing public outrage over the rising cost of living in the US and the Fed is finding itself the center of unwanted attention.

Consequently, Bernanke toned down his money printing talk and hinted at even worrying about inflation in the most recent Fed FOMC announcement. As a result of this, Silver and the other “bubbly” commodities have collapsed in a free-fall.

However, all of this is just idle posturing. Ben Bernanke has done only one thing since taking the helm of the Fed in 2006. And that’s monetary EASING.

During every part of his tenure as Fed Chairman, Bernanke has responded to all issues by loosening his monetary policy. Here’s just a brief recap of the moves he’s made since the Financial Crisis began:

  • The Federal Reserve cutting interest rates from 5.25-0.25% (Sept ’07-today)
  • The Bear Stearns deal/ Fed taking on $30 billion in junk mortgages (March ’08)
  • The Fed opens up various lending windows to investment banks (March ’08)
  • The SEC proposes banning short-selling on financial stocks (July ’08)
  • Hank Paulson gets a blank check for Fannie/Freddie but promises not to use it (July ’08)
  • Hank Paulson uses the blank check with Fannie/ Freddie spending $400 billion in the process (Sept ’08).
  • The Fed takes over insurance company AIG (Sept ’08) for $85 billion.
  • The Fed doles out $25 billion for the auto makers (Sept ’08)
  • The Feds kick off the $700 billion Troubled Assets Relief Program (TARP) with the Government taking stakes in private banks (Oct ’08)
  • The Fed offers to buy commercial paper (non-bank debt) from non-financial firms (Oct ’08)
  • The Fed offers $540 billion to backstop money market funds (Oct ’08)
  • The Feds agree to back up to $280 billion of Citigroup’s liabilities (Oct ’08).
  • $40 billion more to AIG (Nov ’08)
  • Feds agree to back up $140 billion of Bank of America’s liabilities (Jan ’09)
  • Obama’s $787 Billion Stimulus (Jan ’09)
  • QE lite (August ’10)
  • QE 2 (November ’10)

I’m sure I left something out. But the above make it clear just how Ben Bernanke likes to tackle financial problems: printing money.

So make no mistake…BIG inflation is coming. The Fed knows only one thing: printing money. On that note, if you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Holocaust explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this.

All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what’s to come. And it’s all 100% FREE.

To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

Good Investing!

Graham Summers.

 

PS. We also offer a FREE Special Report specifying exactly how to prepare for the coming collapse in the US stock market (inflation will NOT be positive for stocks for much longer).

I call it The Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a wealth of information about portfolio protection, which investments to own and how to take out Catastrophe Insurance on the stock market (this “insurance” paid out triple digit gains in the Autumn of 2008).

Again, this is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

 

 

 

 

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

The Time to Prepare for Hyper-Inflation is BEFORE It EXPLODES

This is a continuation of a series of essays I wrote concerning the global shift away from the US Dollar as reserve currency. If you missed those essays, a brief recap of the items listed were:

1)   China and Russia dropping the US Dollar for trade

2)   China ramping up trade with Brazil

3)   Saudi Arabia moving to strengthen trade with China and Russia

4)   China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)

5)   Singapore (major financial center in Asia) starting to trade yuan

 

All of these items are real and documented. And the pace of the move away from the Dollar as reserve currency is not slowing.

Indeed, it was just revealed that ASEAN+3 countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, China, Japan, and South Korea) are researching the prospect of a “common currency” similar to the Euro.

The significance of this development cannot be overstated. The primary question those who do not believe the US Dollar could lose its reserve currency status ask is: what will be the replacement?

For certain there is no one currency that could fit the bill. The Chinese yuan could not do it as China is not ready and in fact ready to suffer a housing and banking collapse. Russia’s economy is a disaster aside from a few key areas (Moscow, St Petersburg, etc), the Euro in its current form won’t even exist in a few years, and Japan is both an ecological and financial disaster (they’ve just announced a 1 QUADRILLION stimulus plan.

Thus, the idea that any one of these currencies could replace the US Dollar as reserve currency of the world at this time is absurd.

However, a common currency comprised of most Asian countries (the primary creditor nations and manufacturing base of the world) is a completely different story.

Understand, I am aware that common currencies in general are flawed (especially when you’re uniting a bunch of bankrupt aging countries like Europe). However, a common currency comprised of Asian countries would overcome be a much more viable alternative to the US Dollar as reserve currency of the world.

The reason for this is that a common currency in Asia would get past the individual risks of any one Asian nation’s currency (Thailand and Japan in particular are a mess) at least in the beginning.

True, ultimately a common currency there would prove as futile as the Euro. However, it would serve as a “stepping stone” in the process of finding a replacement of the US Dollar as world reserve currency.

What I mean is that should a common currency be introduced in Asia, it would probably work for about 10-15 years. By then we’re well into the 2020s if not the 2030s at which point it is quite possible China will indeed be in a place to provide a world reserve currency on its own.

I wish to stress that even if Asia doesn’t implement a common currency and the US Dollar remains the world’s reserve currency (I put the odds of this at 20%), we are still facing a debt default in the US which will result in the US Dollar dropping dramatically in value and ushering in serious if not hyper-inflation.

Indeed, most commentators fail to understand the real reason Weimar Germany suffered hyperinflation. Niall Ferguson’s book, “The Ascent of Money” explains that it was in fact a political mistake that ushered in hyperinflation:

Yet it would be wrong to see the hyperinflation of 1923 as a simple consequence of the Versailles Treaty. That was how the Germans liked to see it, of course…All of this was to overlook the domestic political roots of the monetary crisis. The Weimar tax system was feeble, not least because the new regime lacked legitimacy among higher income groups who declined to pay the taxes imposed on them.

At the same time, public money was spent recklessly, particularly on generous wage settlements for public sector unions. The combination of insufficient taxation and excessive spending created enormous deficits in 1919 and 1920 (in excess of 10 per cent of net national product), before the victors had even presented their reparations bill… Moreover, those in charge of Weimar economic policy in the early 1920s felt they had little incentive to stabilize German fiscal and monetary policy, even when an opportunity presented itself in the middle of 1920.

A common calculation among Germany’s financial elites was that runaway currency depreciation would force the Allied powers into revision the reparations settlement, since the effect would be to cheapen German exports.

What the Germans overlooked was that the inflation induced boom of 1920-22, at a time when the US and UK economies were in the depths of a post-war recession, caused an even bigger surge in imports, thus negating the economic pressure they had hoped to exert. At the heart of the German hyperinflation was a miscalculation.

The similarities between the US today and Weimar pre-hyperinflation are striking. As in Weimar, US fiscal authorities are not taking any steps to rein in their loose money policies. Similarly, the US Fed, like Germany’s financial elites believes that currency depreciation is a good thing.

Thus we have a rather frightening set-up for hyperinflation in the US: the largest emerging market players are moving away from using the US Dollar at the same time that US monetary authorities are engaging in disastrous policies similar to those employed by the men who brought hyperinflation to Weimar Germany.

I firmly believe the US will see serious (‘70s style inflation) if not hyperinflation within the next 2-3 years. It could come sooner depending on how the Fed’s policies play out.

On that note, if you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Holocaust explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this.

All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what’s to come. And it’s all 100% FREE.

To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

Good Investing!

Graham Summers.

 

PS. We also offer a FREE Special Report specifying exactly how to prepare for the coming collapse in the US stock market (inflation will NOT be positive for stocks for much longer).

I call it The Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a wealth of information about portfolio protection, which investments to own and how to take out Catastrophe Insurance on the stock market (this “insurance” paid out triple digit gains in the Autumn of 2008).

Again, this is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.

 

 

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

The Time to Prepare for Hyper-Inflation is BEFORE It EXPLODES

The following is an excerpt from my paid newsletter Private Wealthy Advisory detailing the global shift away from the US Dollar as the world’s reserve currency. It also specifies what the most likely replacement of the US Dollar will be (a basket of Asian currencies). To find out more about Private Wealthy Advisory including my inflation hedges that will outperform even Gold and Silver during the future inflationary disaster Click Here Now.

This is a continuation of a series of essays I wrote concerning the global shift away from the US Dollar as reserve currency. If you missed those essays, a brief recap of the items listed were:

1)   China and Russia dropping the US Dollar for trade

2)   China ramping up trade with Brazil

3)   Saudi Arabia moving to strengthen trade with China and Russia

4)   China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)

5)   Singapore (major financial center in Asia) starting to trade yuan

All of these items are real and documented. And the pace of the move away from the Dollar as reserve currency is not slowing.

Indeed, it was just revealed that ASEAN+3 countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, China, Japan, and South Korea) are researching the prospect of a “common currency” similar to the Euro.

The significance of this development cannot be overstated. The primary question those who do not believe the US Dollar could lose its reserve currency status ask is: what will be the replacement?

For certain there is no one currency that could fit the bill. The Chinese yuan could not do it as China is not ready and in fact ready to suffer a housing and banking collapse. Russia’s economy is a disaster aside from a few key areas (Moscow, St Petersburg, etc), the Euro in its current form won’t even exist in a few years, and Japan is both an ecological and financial disaster (they’ve just announced a 1 QUADRILLION stimulus plan.

Thus, the idea that any one of these currencies could replace the US Dollar as reserve currency of the world at this time is absurd.

However, a common currency comprised of most Asian countries (the primary creditor nations and manufacturing base of the world) is a completely different story.

Understand, I am aware that common currencies in general are flawed (especially when you’re uniting a bunch of bankrupt aging countries like Europe). However, a common currency comprised of Asian countries would overcome be a much more viable alternative to the US Dollar as reserve currency of the world.

The reason for this is that a common currency in Asia would get past the individual risks of any one Asian nation’s currency (Thailand and Japan in particular are a mess) at least in the beginning.

True, ultimately a common currency there would prove as futile as the Euro. However, it would serve as a “stepping stone” in the process of finding a replacement of the US Dollar as world reserve currency.

What I mean is that should a common currency be introduced in Asia, it would probably work for about 10-15 years. By then we’re well into the 2020s if not the 2030s at which point it is quite possible China will indeed be in a place to provide a world reserve currency on its own.

I wish to stress that even if Asia doesn’t implement a common currency and the US Dollar remains the world’s reserve currency (I put the odds of this at 20%), we are still facing a debt default in the US which will result in the US Dollar dropping dramatically in value and ushering in serious if not hyper-inflation.

Indeed, most commentators fail to understand the real reason Weimar Germany suffered hyperinflation. Niall Ferguson’s book, “The Ascent of Money” explains that it was in fact a political mistake that ushered in hyperinflation:

Yet it would be wrong to see the hyperinflation of 1923 as a simple consequence of the Versailles Treaty. That was how the Germans liked to see it, of course…All of this was to overlook the domestic political roots of the monetary crisis. The Weimar tax system was feeble, not least because the new regime lacked legitimacy among higher income groups who declined to pay the taxes imposed on them.

At the same time, public money was spent recklessly, particularly on generous wage settlements for public sector unions. The combination of insufficient taxation and excessive spending created enormous deficits in 1919 and 1920 (in excess of 10 per cent of net national product), before the victors had even presented their reparations bill… Moreover, those in charge of Weimar economic policy in the early 1920s felt they had little incentive to stabilize German fiscal and monetary policy, even when an opportunity presented itself in the middle of 1920.

A common calculation among Germany’s financial elites was that runaway currency depreciation would force the Allied powers into revision the reparations settlement, since the effect would be to cheapen German exports.

What the Germans overlooked was that the inflation induced boom of 1920-22, at a time when the US and UK economies were in the depths of a post-war recession, caused an even bigger surge in imports, thus negating the economic pressure they had hoped to exert. At the heart of the German hyperinflation was a miscalculation.

The similarities between the US today and Weimar pre-hyperinflation are striking. As in Weimar, US fiscal authorities are not taking any steps to rein in their loose money policies. Similarly, the US Fed, like Germany’s financial elites believes that currency depreciation is a good thing.

Thus we have a rather frightening set-up for hyperinflation in the US: the largest emerging market players are moving away from using the US Dollar at the same time that US monetary authorities are engaging in disastrous policies similar to those employed by the men who brought hyperinflation to Weimar Germany.

I firmly believe the US will see serious (‘70s style inflation) if not hyperinflation within the next 2-3 years. It could come sooner depending on how the Fed’s policies play out.

On that note, I’m already preparing subscribers of Private Wealthy Advisory for hyperinflation with a SIX PART How to Survive Hyperinflation report detailing exactly how and when hyperinflation will hit the US.

I’m also unveiling FIVE new inflation hedges that will outperform even Gold and Silver in the coming months as inflation rips through the financial system.

I have to be honest, I’m even more bullish on these investments than I was on the first five (which showed us gains of 18%, 20%, 28%, even 42% in just a few months).

Part 1 of How to Survive Hyperinflation which details exactly how and when hyperinflation is already online now. And I’ll be unveiling Parts 2-6 over the next two week including the names, symbols, and how to buy FIVE new inflation hedges ALL of which will outperform Gold and Silver in the coming months.

And… you can even keep these reports if you decide Private Wealthy Advisory isn’t for you and request a full 100% refund during the first 30 days of your subscription.

To take out a trial subscription to Private Wealthy Advisory reserve your copies of How to Survive Hyperinflation Parts 1-6…

Click Here Now!!!

Graham Summers
Editor In Chief
Gains Pains & Capital

 

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

$600 Billion For THIS?!?

Many commentators are baffled that Ben Bernanke decided NOT to announce QE 3 a month ago.

The reason for this is obvious: the Fed only got about three months’ worth of positive economic movement from QE 2 and it blew gas and commodities through the roof doing it.

Remember, QE 2 was only just announced in November 2010. And anyone watching the US economic data knows that we took a sharp turn for the worse in Feb 2011.

So all told, we spent some $600 billion and only got about three months’ worth of improved economic data (not to mention that this “improved” data was massaged heavily).

So it’s pretty obvious why the Fed hasn’t announced QE 3 yet… it needs things to get terrible in the financial markets again so everyone will be clamoring for it to intervene.

Remember last year? QE ended in March. Then we get the worst May performance in over 40 years with stocks dropping like a brick… which then allowed the Fed to announced QE lite and QE 2.

Just like today.

The Fed is going to let QE 2 end in June. We will very likely see some kind of collapse in stocks start even before then. My personal expectation is the S&P 500 will drop to 1,100 or so at which time it will announced QE 3 with a “SEE? We NEED Qe in order to keep things afloat.”

And that’s when the US Dollar will REALLY collapse and inflation hedges will explode across the board.

The Fed is already setting this up. Their latest FOMC minutes make it clear that they are downplaying the negative news today so that when things get REALLY bad in a few months, they can act surprised and push for a MASSIVE QE program.

So in the near-term deflation is now the biggest risk. It may only be for a month or so, but it’s coming (commodities’ and the US Dollar’s performance over the last two weeks were the warm-up. And then comes the REAL fireworks.

… which is why I’m already preparing subscribers of my Private Wealth Advisory newsletter for this with three investments that will all lock in double digit returns in a matter of days when deflation hits.

Indeed, all three of them are up sharply in the last few weeks alone… and we haven’t even gotten to the REAL deal for the markets yet.

To take action now so you’ll profit from the coming round of deflation while ALSO preparing your portfolio for hyperinflation (which will erupt as soon as the Fed announces QE 3 later this year), all you need to do is take out a trial subscription to my Private Wealth Advisory newsletter.

You’ll immediately be access to my latest issue (published just one hour ago) featuring our three new “deflation trades.”

You’ll also receive my SIX PART How to Survive Hyperinflation report detailing exactly how and when hyperinflation will hit the US Dollar and which FIVE investments will outperform even Gold and Silver when it does.

Heck, you can even keep these reports if you decide Private Wealth Advisory isn’t for you and request a full 100% refund during the first 30 days of your subscription.

To take out a trial subscription to Private Wealth  Advisory, and take action to prepare your portfolio from both deflation (now) and hyperinflation (coming)…

Click Here Now!!!

Graham Summers
Editor In Chief
Gains Pains & Capital

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

The Global Dollar Dump Is Already in Progress Pt 2

This is part 2 of our “Global Dollar Dump” article series.

In part we noted how China has already begun moving away from the US as a major trading partner. This move has set in motion a series of events that will result in the US Dollar losing its status as reserve currency of the world.

Indeed, we are now seeing various other nations preparing for the end of the US Dollar as reserve currency. Consider that Saudi Arabia becoming so fed up with the US that it is sending trade representatives to China and Russia to strengthen trade ties.

Saudi Arabia is the single largest oil producing country in the world. Saudi Arabia IS oil in some regard. Whatever currency Saudi Arabia chooses to denominate its oil exports in will be the world’s reserve currency.

So Saudi Arabia’s decision to send trade representatives to China and Russia should be seen as Saudia Arabia seeing the writing on the wall, (death of the US Dollar) and starting the process of moving away from the greenback.

Saudi Arabia is not the only one. Singapore announced today that it will begin trading Yuan. The significance of this is enormous. Singapore is one of the four largest financial hubs in the world (the others are New York, London, and Tokyo). It’s also the second largest private banking center behind Switzerland. With its English-speaking population, first-world accounting standards, and close proximity to China, Singapore is literally a “gateway to the east” through which world capital flows into Asia.

In simple terms, the world is beginning to shift away from the US Dollar as a reserve currency. This is not idle conjecture. This is fact. The writing is clearly on the wall for those who can read between the lines of the media’s US-centric focus.

Indeed, officials from China, India, Brazil, Russia, and South Africa (the latest addition to the BRIC acronym, now to be called BRICS) recently met in southern China to discuss expanding the use of their own currencies in foreign trade (yet another move away from the US Dollar).

To recap:

  • China and Russia have removed the US Dollar from their trade
  • China is rushing its trade agreement with Brazil
  • China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)
  • Saudi Arabia is moving to formalize trade with China and Russia
  • Singapore is moving to trade yuan

The trend here is obvious. The US Dollar’s reign as the world’s reserve currency is ending. The process will take time to unfold. But the Dollar will be finished as reserve currency within the next five years.

The process will not be linear in fashion: the Greenback will not simply collapse in one go. Moreover, it will not be obvious at first. Remember, the US Dollar is currently priced against a basket of currencies primarily comprised of garbage paper currencies backed by insolvent nations or broken unions (the Japanese Yen and the Euro).

However, ultimately the US Dollar will be losing some 50% of its value in the future. The US Dollar chart is already forecasting this.

That’s why I’m already preparing subscribers of my Private Wealth Advisory newsletter with my How to Survive Hyperinflation Special Report.

I’ve already published Part 1 of this report which explains in painstaking detail just HOW and WHY the US is to a hyperinflationary collapse. And over the next three weeks, I’ll be releasing Parts 2-6 each of which will detail one EXTRAORDINARY inflation hedge that will outperform even Gold and Silver when hyperinflation takes hold

We’ve already seen gains of 23%, 29% and 42%, from similar inflation hedges. However, the five I’m about to unveil over the next three weeks are hands down better than ANYTHING I’ve ever seen.

To reserve your copies of my How to Survive Hyperinflation special report (Part 1 is already online, Parts 2-6 will be released over the next three weeks), all you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter.

You’ll immediately be granted access to Part 1 of the How to Survive Hyperinflation report. And you’ll be notified via email when each of the next Five Reports is published including the names, symbols and how to buy each one of these extraordinary inflation hedges.

And ALL of these reports are yours to keep, even if you choose to cancel your subscription within the first 30 days and ask for a full refund.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now!!!

Good Investing!
Graham Summers

 

 

 

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

The Global Dollar Dump Is Already in Progress Pt 1

The following quotes signal the beginning of the End Game for the US Dollar:

“We hope the U.S. government will take responsible policies and measures to safeguard investors’ interests,” [China’s ministry] said in a statement.

“Foreign-exchange reserves have exceeded the reasonable levels that we actually need,” [China’s central bank governor] said. “The rapid increase in reserves may have led to excessive liquidity and has exerted significant sterilization pressure. If the government doesn’t strike the right balance with its policies, the build-up could cause big risks,” he said, without elaborating.

These two statements, in plain terms, are China saying it’s sick of the US Dollar. Remember, the US Dollar and Dollar-denominated assets (Treasuries etc) are China’s single largest holding.  So the reference to “foreign-exchange reserves,” is synonymous with “US Dollar denominated assets.”

On the surface, it will be easy to chalk all of this up to politician speak. After all, China has been issuing warnings to the US regarding the latter’s financial condition since 2009.

However, a few key developments have occurred that make it clear this latest round of statements are the real deal.

First and foremost, China and Russia agreed late last year to begin trading with one another in their own currencies, NOT the US Dollar. In that step alone, two of the largest emerging markets (and economies) in the world moved away from the US Dollar. Add to this the fact that China just agreed to expedite trade relations with Brazil and you’ve got the beginnings of a flight from the US Dollar and the end of the Dollar’s reserve currency status.

Indeed, not three months after China signed this deal with Russia, China’s president visited Washington and delivered a speech in which he stated that, “the current international currency system is the product of the past (edits mine).

Consider the “past” comment in relation to China’s decision shutting the US Dollar out of its trade with Russia (and other items I’m about to detail). In this sense, the “past” is the US Dollar as the world’s reserve currency.

Indeed, China has been actively moving to distance its reliance on the US as a trade partner.

As you can see, in just four years, the US has gone from accounting for nearly a third of China’s exports to less than a quarter. That is a MASSIVE shift in less than a decade (at this pace the US will be down to just 15% of China’s exports by 2015).

China is literally putting its money where its mouth is. And its mouth is now openly telling the world that it’s no longer interested in US Dollars or Dollar denominated assets.

In plain terms a US Dollar collapse is on the way. What follows will be a hyperinflationary disaster that will shred savings and paper assets to nothing.

That’s why I’m already preparing subscribers of my Private Wealth Advisory newsletter with my How to Survive Hyperinflation Special Report.

I’ve already published Part 1 of this report which explains in painstaking detail just HOW and WHY the US is to a hyperinflationary collapse. And over the next three weeks, I’ll be releasing Parts 2-6 each of which will detail one EXTRAORDINARY inflation hedge that will outperform even Gold and Silver when hyperinflation takes hold

We’ve already seen gains of 23%, 29% and 42%, from similar inflation hedges. However, the five I’m about to unveil over the next three weeks are hands down better than ANYTHING I’ve ever seen.

To reserve your copies of my How to Survive Hyperinflation special report (Part 1 is already online, Parts 2-6 will be released over the next three weeks), all you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter.

You’ll immediately be granted access to Part 1 of the How to Survive Hyperinflation report. And you’ll be notified via email when each of the next Five Reports is published including the names, symbols and how to buy each one of these extraordinary inflation hedges.

And ALL of these reports are yours to keep, even if you choose to cancel your subscription within the first 30 days and ask for a full refund.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now!!!

Good Investing!
Graham Summers

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

Graham Summers’ Free Weekly Market Forecast (What Is This? Edition)

The primary question now is whether last week’s rout in commodities was the start or something bigger or simply the bursting of mini-bubbles in Silver and Oil.

Don’t get me wrong, I believe Silver remains in a bull market long-term. However, any time an investment more than doubles in six months, there’s simply too much leveraged money behind it. This was the case with Silver, which went parabolic in the build up to May 2011. Consequently, we were set for a collapse of some kind.

The collapse took Silver to support at $35. We have since bounced hard. This situation needs to be monitored closely as it will indicate what’s coming for commodities in general. If Silver is able to continue upwards then last week’s action was just a shakeout of the weak hands in an overheated market.

However, if Silver rolls over again and falls below $35, we’re going to $40 in a hurry. This will drag down commodities in general.

Another contributing factor to the sharp sell-off in commodities was the collapse in the Euro on announcements that Greece might leave the Euro-zone. As one would expect, Greece immediately refuted the claim. And thus began the “some official claimed that… another official refutes that,” nonsense.

The key item to note from this development is that insolvent Euro-zone countries will begin using the “we’re going to leave Europe” threat in order to get more favorable terms in their debt restructuring (none of them will pay the debt back).

From a technical standpoint, the Euro is now at support. If we break below here, it’s 140 then 137.5 relatively quickly.

This move in the Euro pushed the US Dollar up which put more pressure on commodities and stocks. This is the consequence of a market dominated by quant funds and trading algorithms: one asset moves and all others follow it tick-for-tick.

Thus the primary issue this week is: are we heading for another round of deflation (all inflation assets collapse) or was this just a brief correction in an overheated market. Keep your eyes on Silver and the Euro, they’re the primary items that will signal what’s to come.

Regardless of what shenanigans come next, the outcome will ultimately be the same: HYPERINFLATION.

Consider that US is now running deficits and debt-to-GDP ratios that are comparable to Greece, which has already needed to bailouts and is now trying to restructure its debt. Greece can draw on the ECB for help with this. But who can the US  draw on for a bailout?

No one.

Make no mistake, the US Dollar is set to implode in the coming months. That’s why I’m already preparing subscribers of my Private Wealth Advisory newsletter with my How to Survive Hyperinflation Special Report.

I’ve already published Part 1 of this report which explains in painstaking detail just HOW and WHY the US is to a hyperinflationary collapse. And over the next three weeks, I’ll be releasing Parts 2-6 each of which will detail one EXTRAORDINARY inflation hedge that will outperform even Gold and Silver when hyperinflation takes hold.

To reserve your copies of these amazing reports, all you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter.

You’ll immediately be granted access to Part 1 of the How to Survive Hyperinflation report. And you’ll be notified via email when each of the next Five Reports is published including the names, symbols and how to buy each one of these extraordinary inflation hedges.

And ALL of these reports are yours to keep, even if you choose to cancel your subscription within the first 30 days and ask for a full refund.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now!!!

Good Investing!
Graham Summers

 

 

Posted by Phoenix Capital Research in It's a Bull Market

Inflationary Tuesday: Smithfield CEO: Higher Food Prices Are Here to Stay

Here’s a zinger of a news story that most commentators haven’t bothered to take note of…

The CEO of Smithfield Farms, the largest pork producer in the US. Among other things he said:

“Maybe to someone in the upper incomes it doesn’t matter what the price of a pound of bacon is, or what the price of a ham, or the price of a pound of pork chops is,” he says. “But for many of the customers we sell to, it really does matter.” Workers can share cars when the price of oil rises, he quips, but “you can’t share your food.”

Mr. Pope also worries about the impact on farmers, who are leveraging up operations to afford the ever-rising price of land and fertilizer that has resulted from the increased corn demand. “There are record prices for livestock but farmers are exiting the business!” he exclaims. “Why? Farmers know they won’t make money.”

Weather is a factor, too. “We’ve had the luxury for the last three years of extremely good corn crops, with high yields and good growing conditions. We are just one bad weather event away from potentially $10 corn, which once again is another 50% increase in the input cost to our live production.”

…Not all companies will survive this economic whirlwind. Mr. Pope recalls what happened the last time there was a surge in corn prices, in 2008: “The largest chicken processor in the United States, Pilgrim’s Pride, filed for bankruptcy.” They “couldn’t raise prices, so their cost of production went up dramatically.” Could it happen again? “It darn well could!” Mr. Pope exclaims.

…Mr. Pope says the “losers” here “are the consumer, who’s going to have to pay more for the product, and the livestock farmer who’s going to have to buy high-priced grain that he can’t afford because he’s stretching his own lines of credit. The hog farmer . . . is in jeopardy of simply going out of business ’cause he doesn’t have the cash liquidity to even pay for the corn to pay for the input to raise the hog. It’s a dynamic that we can’t sustain.”

So here’s a CEO, someone with actual business experience (not some moron academic who’s never run a business a day in his life) telling us the following:

  • Food prices are up a lot and going higher in the future.
  • Despite high food prices, farmers are quitting farming (lower supplies are coming).
  • Food companies will be going bankrupt (even lower supplies are coming).

In other words, we are rapidly heading into a food crisis. Food prices are NOT going to be coming down. And we’re going to be seeing food shortages in the US in the coming months.

Smart folks are already preparing their families and portfolios for what’s to come.  This is why I’ve recently published four reports designed to help folks cover all the bases in terms of protecting their loved ones, savings, and portfolios for what’s coming.

Three of these are devoted to preparing you for the return of systemic risk to the financial system. Together I call them the Phoenix Investor Personal Protection Kit. However, individually, they’re titled Protect Your Family, Protect Your Savings, and Protect Your Portfolio.

All told, these reports contain over 50 pages of detailed information on how to protect these three areas of your life from another “2008-type event.”

On top of this, you also get my How to Survive Hyperinflation report due to be published this Wednesday after the market closes.

This report will explain in painstaking detail just how close the US is to a hyperinflationary collapse. It also identifies two extraordinary inflation hedges (they’re not Gold or Silver) that will produce ENORMOUS gains AND maintain your purchasing power when hyperinflation hits the markets.

To reserve your copies of these amazing reports, all you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter.

You’ll immediately be granted access to Phoenix Investor Personal Protection Kit. And you’ll receive your copy of my How to Survive Hyperinflation report via email this Wednesday after the market closes.

And ALL of these reports are yours to keep, even if you choose to cancel your subscription within the first 30 days and ask for a full refund.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now!!!

Good Investing!
Graham Summers

 

Posted by Phoenix Capital Research in It's a Bull Market

Graham Summers’ Free Weekly Market Forecast (Hit Job Edition)

The “hit job” is in reference to Bin Laden and the precious metals, both of which got taken out over the weekend. The implications of the Bin Laden hit are complicated. The implications for the precious metals hit job is not.

Regarding Bin Laden, aside from the fact the guy was finally taken down (which he should have been ten years ago), the first thing we need to address is that it will spark retaliation of some kind. Whether or not the retaliation will be large in scope depends on whether Bin Laden was such a crucial player for Al Queda that his removal will leave them directionless. I cannot claim to know that.

What I can tell you is that if there is a terror attack there will be a panic rush into the US Dollar. The world IS moving away from the US Dollar as its reserve currency, but we’re not so far along in the process that there wouldn’t be a “flight to safety” move or at least massive short-covering into the US Dollar if a terror attack or Crisis hits.

Indeed, just about the only thing that COULD cause a major US Dollar rally would be a Crisis of some kind (financial, political, etc). The last two US Dollar rallies were induced by Crises (2008 and the Euro Crisis of 2009-2010). Unless we get another one soon (I don’t want this just pointing out the facts) the US Dollar is heading towards a serious collapse.

Indeed, it’s telling that ALL of the US Dollar’s gains on the Bin Laden news evaporated this morning in a matter of minutes. In the futures session we’re now into the sub-73 region: approaching the precipice.

Conversely, Silver and Gold both took a hit over the weekend. The reasons for this are not entirely clear, but given the speed of the move it must have been related to the margin hikes that occurred over the weekend.

For certain Silver needed to cool off. The precious metal had gone positively parabolic in the last month. Regardless of the fundamentals of the move (shortages, short-covering by large institutions, etc) a move like this is unsustainable and needs to cool and consolidate if an investment is to begin a new leg up.

However, what’s truly staggering about the weekend losses in Silver is that it had already retracted most of them by Monday AM. Indeed, if you were not up Sunday night looking at the futures, you would have thought Silver was just opening sharply lower (about 5%) completely unaware that the precious metal was down some 16% over the weekend.

What does this tell us? That unless we get a MAJOR Crisis in the near-future, the US Dollar will collapse and inflation hedges will explode even higher. Indeed, at the current pace we’re going the US Dollar will be collapsing within one month. This could change, but we’d need another 2008 type event to pull the US Dollar back from the brink. And judging from stocks and inflation hedges’ performance today, that ain’t happening.

So if you are not already preparing for mega-inflation, you need to get moving now. Because time is running out.

Indeed, this is why since March 2010, I’ve been shifting subscribers of my Private Wealth Advisory into extraordinary inflation hedges: investments that will outperform even Gold and Silver in the coming inflationary disaster.

How is this possible? Well, it’s really quite simple. EVERY SINGLE ONE of these investments is sitting atop some massively underpriced asset.

I’m talking about an asset that the market is currently pricing at 1/10th of its true value if not more.

And as commodity prices explode across the board, larger firms are going on buyout  binges snatching up smaller players to  boost their reserves.

Companies like my inflation hedges.

A perfect example is TimberWest, one of the inflation hedges I recommended on February 23 2011.

TimberWest is the largest privately held  timber company in Western Canada. Timber has been the top performing inflation hedge over the last 50 years, and TimberWest’s holdings were undervalued by some 50%.

The set-up was quite simple. It was only a matter of time before a larger firm came knocking and bought out TimberWest at a hefty premium.

Indeed, we didn’t have to wait long… Less than two months after I recommended
it, TimberWest was bought out letting Private Wealth Advisory subscribers lock in a 42% gain.

Over the same time period, Gold rose 6% while Silver rose 19%.

So we made 42%… vs. 6% and 19%.

Like I said, these investments WILL beat Gold and Silver.

And the set-up is the exact same for the four remaining Inflationary Storm investments in my Inflation Portfolio.

It’s only a matter of time before they’re all BOUGHT OUT at massive premiums, allowing Private Wealth Advisory subscribers to lock  in gains exceeding those produced by Silver and Gold over the same time period.

So if you’re looking to produce some enormous gains from inflation… and have the discipline to wait for the market to recognize the insane value of your investments, you still have FOUR inflation hedges to choose from in my Inflation Portfolio.

And I’m about to unveil three more this week in my next issue of Private Wealth Advisory. So  you’ll be able to get in on the groundfloor with them (several of the others are already up a good bit).

To sign up for Private Wealth Advisory now and be on board for the next round of my extraordinary inflation hedges…

Click Here Now…

Good Investing!

Graham Summers

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market

Bernanke Has Officially Killed the Dollar

Yesterday, Bernanke staged a “conference” answering “questions” from “journalists.” It’s striking that the man with the most power in the world would be handled with kid gloves. After all, if he’s in charge of directing the world’s reserve currency, surely he could answer a few hardball questions about his insane policies.

However, instead of holding this miscreant accountable for his monetary madness, the “journalists” let him prattle on with his meaningless drivel.

The markets, on the other hand, read through his BS. Soon after the conference the US Dollar collapsed to a three year low.

At this point, there is only one line of support left for the US Dollar. That’s one line, standing between us and the abyss of all-time lows: a point at which there is no support left.

Gold and Silver also bounced back after having been slammed by various suppression schemes last week. All those, “the rally is over,” folks got shanked in the ribs as Gold hit a new all-time high and Silver retraced almost all of its former losses in a few hours.

In other words, the great inflationary collapse of the US Dollar is in full effect. Again, there is only one line of support left for the greenback. If Bernanke was going to do ANYTHING to support the Dollar, yesterday was the day for him to have done it. Instead, we’re going to enter a mega-inflationary collapse.

Indeed, at the current pace we’re going the US Dollar will be collapsing within one month. This could change, but we’d need another 2008 type event to pull the US Dollar back from the brink. And judging from stocks and inflation hedges’ performance today, that ain’t happening.

So if you are not already preparing for mega-inflation, you need to get moving now. Because time is running out.

Indeed, this is why since March 2010, I’ve been shifting subscribers of my Private Wealth Advisory into extraordinary inflation hedges: investments that will outperform even Gold and Silver in the coming inflationary disaster.

To whit, since March 2010, our inflation portfolio is up 29% vs. the S&P 500’s performance of 14%. We’re currently sitting on gains of 17%, 34%, 35% and a whopping 176%.

To find out about my inflation portfolio… including the nine extraordinary investments in it… all you need to do is take out a “trial” subscription to Private Wealth Advisory.

You’ll then immediately be given access to the Private Wealth Advisory archives where you can find out the names, symbols, and how to buy all nine of these incredible inflation hedges.

You then have 30 days to decide if Private Wealth Advisory is for you. If at any point during those 30 days you decide it’s not, just drop me an email and I’ll issue a full refund NO QUESTIONS ASKED.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now…

Good Investing!

Graham Summers

 

Posted by Phoenix Capital Research in It's a Bull Market

A Debt Default is Not the Real Problem Facing the US

Many commentators are discussing the collapse of the US today. Indeed, the most common theme I see one of “it’s all over,” usually focusing on the math/ debt problems in the US.

Debt is a major problem, but it’s not always one that destroys a nation.  History is replete with countries that defaulted on their debt… and the world kept chugging along regardless.

So, the idea that the US will default on its debt and we’ll somehow re-enter the stone-age is false. Human ingenuity and survival skills are far better than that.  Indeed, the human race was in much worse conditions when we were hiding in caves and running from prehistoric monsters.

We somehow survived that situation and evolved to make peanut butter and jelly sandwiches and drive cars… so I’m sure we’ll figure out how to deal with the collapse of the US empire and the end of the Dollar’s status as world reserve currency.

So rather than freaking out about our debt problems, I think we need to address the real issue that LEAD TO our disastrous debt situation. And that issue in the US today is that the people making the major decisions are not problem solvers but politicians.

Let’s consider this for a moment.

Problem solving requires critical analysis and flexible thinking. Anyone who’s tried to tile a bathroom or even balance his or her personal finances knows that the process is not linear in nature. That is, there is no one single correct answer.

Instead, there are endless solutions and the real issue is one of picking the solution that best utilizes what’s on hand in a realistic way to create the best outcome.

This involves being able to accurately assess the situation/ problem, taking account of the resources at hand, and then coming up with creative or traditional approaches to use the latter to address the former.

In contrast, a politician has one primary goal: getting elected.  Consider that the perceived problem in this situation is not actually a problem at all, but an issue of ego, i.e. “I must win.”

These people are not problem solvers. As we find out regularly, they often cannot organize their own personal finances (or cheat on them), their personal lives are in shambles (how many members of Congress leave their wives for lobbyists?), and in truth they don’t even understand the issues they are debating/ need to address if elected.

Instead, all of their efforts are aimed at saying the right things so they can get in office.  And once elected, the focus is on getting re-elected or preparing to run for a higher office.

Consequently, their focus never actually shifts to address or implement real change or solutions to the problems facing the country. The reason for this is:

a)    none of them have a clue how to fix these problems

b)   taking a risk with implementing a real solution could result in too much career risk

If your primary concern is getting re-elected, you’re not going to go out on a limb and implement some policy that could go wrong. Instead you’ll look for half-measures, small moves that could produce small changes, band-aids for society’s wounds rather than actual healing.

However, as bad as Congress is, the US Federal Reserve is much worse. These guys don’t even actually address reality, but are stuck in a world of models and formulas. Seriously, they can say with a straight face that inflation is contained, fill their gas tanks at the pump (with $5 gas) and not connect those dots.

You can see it in their policies. The Fed really only has one policy: printing money. Everything the Fed’s done revolves around this (interest rates, are secondary). Every time a problem surfaces, the Fed’s answer is to print more money.

Small wonder then that the US Dollar is falling off a cliff. And it’s only going to get worse. The idea that somehow these guys are going to wake up one day and think, “maybe we shouldn’t print money” is delusional. And any public comments they make about considering this as an option is just posturing by those looking for political points.

Which is why the US is set to enter a period of mega-inflation in the coming months. The Fed’s going to keep printing GUARANTEED. And we all know how this will turn out: the Dollar collapses.

So if you’re not already moving into inflation hedges, you’re in major trouble.

It doesn’t have to be this way.

Indeed, since March 2010, I’ve been shifting subscribers of my Private Wealth Advisory into extraordinary inflation hedges: investments that will outperform even Gold and Silver in the coming inflationary disaster.

To whit, since March 2010, our inflation portfolio is up 29% vs. the S&P 500’s performance of 14%. We’re currently sitting on gains of 17%, 34%, 35% and a whopping 176%.

To find out about my inflation portfolio… including the nine extraordinary investments in it… all you need to do is take out a “trial” subscription to Private Wealth Advisory.

You’ll then immediately be given access to the Private Wealth Advisory archives where you can find out the names, symbols, and how to buy all nine of these incredible inflation hedges.

You then have 30 days to decide if Private Wealth Advisory is for you. If at any point during those 30 days you decide it’s not, just drop me an email and I’ll issue a full refund NO QUESTIONS ASKED.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now…

Good Investing!

Graham Summers

 

Posted by Phoenix Capital Research in It's a Bull Market

QE 3 is Coming… It’s Just a Question of What Form It Will Take

The Fed will absolutely have to engage in some kind of QE. It might be a toned down version like QE lite (which supposedly doesn’t involve additional money printing). Or the Fed might try to make it a QE that would be more palatable to homeowners (targeting mortgage rates or some such thing).

However, the fact remains that the Fed HAS to continue with QE of some kind. The reasons for this are:

1)   The $180+ TRILLION interest rate based derivatives market (90+% all of which are owned by the TBTFs)

2)   The debt implosion a spike in interest rates would have

3)   Having become the primary buyer of US debt, the Fed must continue to buy or risk a debt collapse in the Treasury market

Whether or not you like QE (yes, there are some insane people who think it’s a good idea… unfortunately they work for the Fed), this is the reality our financial system faces.

Indeed, if the Fed were to quit QE for good the resulting crisis would make 2008 look like a picnic (the 2008 collapse was triggered by the CDS market which was only $50-60 trillion in size, les than one third of the interest rate based derivatives market).

So more QE is on the way. Which ultimately will result in the US Dollar collapsing. In fact, the only reason the Dollar hasn’t collapsed already is because it’s priced against a basket of similarly flawed currencies.

In other words, we’re pricing junk (the Dollar) with other junk.

The whole point of all of this is that inflation is coming in a BIG way. What we’ve seen so far is nothing compared to what’s going to hit once the US Dollar breaks to new all-time lows (at the pace we’re going this will hit within two months).

Having since this coming, I’ve been shifting subscribers of my Private Wealth Advisory into extraordinary inflation hedges: investments that will outperform even Gold and Silver in the coming inflationary disaster.

To whit, since March 2010, our inflation portfolio is up 29% vs. the S&P 500’s performance of 14%. We’re currently sitting on gains of 17%, 34%, 35% and a whopping 176%.

To find out about my inflation portfolio… including the nine extraordinary investments in it… all you need to do is take out a “trial” subscription to Private Wealth Advisory.

You’ll then immediately be given access to the Private Wealth Advisory archives where you can find out the names, symbols, and how to buy all nine of these incredible inflation hedges.

You then have 30 days to decide if Private Wealth Advisory is for you. If at any point during those 30 days you decide it’s not, just drop me an email and I’ll issue a full refund NO QUESTIONS ASKED.

To take out a “trial” subscription to Private Wealth Advisory

Click Here Now…

Good Investing!

Graham Summers

 

 

 

 

 

Posted by Phoenix Capital Research in It's a Bull Market