Deutsche Bank

Bix Weir Predicts 2017 Derivatives Implosion, Trump To Crash System Then Rebuild

“Donald Trump’s prediction that the U.S. economy was on the verge of a ‘very massive recession’ hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner’s calculations…

‘I think we’re sitting on an economic bubble. A financial bubble,’ he said.”

-Reuters.com, April 3, 2016

Precious metals and financial expert Bix Weir recently appeared on former network/investigative correspondent Greg Hunter’s latest project, Greg Hunter’s USAWatchdog.com (“Analyzing the News to Give You A Clear Picture of What’s Really Going On”). In an interview published Tuesday, Weir warned of a coming derivatives implosion and dropped a bombshell when he predicted U.S. President Donald Trump would crash the system, then rebuild. From the exchange between Hunter and Weir:

HUNTER: Isn’t this the year we get the derivatives implosion?
WEIR: Oh definitively. People keep saying, “Well, if Greece leaves the EU, it’s not going to affect the rest of Europe.” Yes it will. It will destroy all the debt based on Greek bonds. It will destroy all the banks- Deutsche Bank, great example. If Deutshce Bank goes, J.P. Morgan goes, Citbank goes, all the banks go. And then the derivative implosion happens. And that’s alway been kind of the home-built nuclear bomb in the financial system is the derivative market- the hundreds of trillions, quadrillions, in derivatives that are so dependent upon third-parties staying in business. Because they are the counter-party to Deutsche Bank, and Citibank, and J.P. Morgan. Once one large derivative holder goes, they all go. We almost saw it in 2008. I think we’re real close to it again. I think Trump is going to push that ticket…
HUNTER: Do you think that we’re close to this derivatives explosion, this implosion, right now? Do you think it’s this year?
WEIR: I do think it’s this year. I think it can happen at any moment. I think Trump has long said that we’re in some huge bubbles and they’ve got to pop. He doesn’t want them popping after he’s fixed half the things in America. So, I would assume he’s going to pop them very soon, in the first few months of his administration. And we’re into that now. There are certain people that I know he needs to get in place. Because the popping of this bubble- this is the big mother of all bubbles.
HUNTER: So he is rushing to get his people in place so he can execute his plan. You’re saying he has a grand plan. That things aren’t just going to happen willy-nilly. You’re saying he’s going to get his people in place and he’s going to force the collapse, the reorganization.
WEIR: Yes. But it’s not his grand plan. This is the plan of the “good guys” that I’ve been talking about…
HUNTER: So why do you think we’re close to an economic reset, an implosion, a derivatives problem, the whole system resetting, changing, whatever. Why do you think we are close?
WEIR: Well, I know that Donald Trump is in charge of the exchange stabilization fund. So it’s basically he has the keys to ending this market rigging game. And once you end the market rigging game, then you can’t support the stock market. And everything has to go to its true fair market value, with real trades, no more derivatives. So Trump can do it. The question is, “Does he want to?” And it’s not just Trump. It’s the people who are behind Trump. I call them the “good guys.”
HUNTER: The Pentagon.
WEIR: Well, there’s people at the Pentagon. Within the military. Patriots. Going back since the sixties a lot of these guys are looking for a little retribution on the “bad guys” taking out Kennedy. But all this goes back to- what does Trump want to do? Trump and his people. Do they want to fix things? Go down that road to starting to fix things with the bubbles still there, with the Fed still printing money. Or, does he really want to fix them. Which means you crash the system first, and then you rebuild. I think it’s the latter. I think he’s trying to get people in place, and then he will crash the system and rebuild.


“Bix Weir-Trump Will Crash System Then Rebuild”
YouTube Video

Weir, who has a presence on the Web at RoadtoRoota.com, recommends selling “anything that has a third-party between you and your hard asset” like stocks and bonds, and buying Bitcoin (“get it out of the system”), gold, and silver- particularly silver. He concluded:

If you’re looking to make money, silver and Bitcoin- you can’t go wrong.

(Editor’s note: Bold added for emphasis)

I’d heard of Bix Weir before, but never read/listened to anything by him before. Very interesting, to say the least.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Share

Tags: , , , , , , , , , , , , , , , , ,

Thursday, February 2nd, 2017 Banking, Bonds, Business, Crash Prophets, Currencies, Derivatives, Europe, Federal Reserve, Government, Military, Monetary Policy, Money Supply, Precious Metals, Recession, Stocks, Wall Street Comments Off on Bix Weir Predicts 2017 Derivatives Implosion, Trump To Crash System Then Rebuild

Deutsche Bank, BNP Paribas Cut Gold Price Forecasts

Some major global financial institutions aren’t very bullish on gold these days. First, there’s the German banking and financial services company Deutsche Bank. According to a Reuters piece picked up on The Economic Times (India) website earlier today:

Deutsche Bank cut its forecast for gold prices in 2013, 2014 and 2015 on Friday, citing the sharp price correction in gold last month and upgrades to its US dollar outlook.

The bank lowered its 2013 gold outlook 6 percent to $1,533 from $1,637. It downgraded its 2014 gold outlook by 17 percent to $1,500 and its 2015 gold outlook by 25 percent to $1,450.

On November 14, 2012, I blogged:

Back in December of last year, Deutsche Bank predicted that gold prices would hit $2,000 an ounce in the second half of 2012.

The highest London P.M. gold spot price recorded last year turned out to be only $1,791.75.

The third largest bank in the world, BNP Paribas, isn’t too hot about precious metals’ prospects in the near-term either. Here’s what the Dow Jones Newswires had to say about the Paris-headquartered banking group and gold on the FOX Business website Thursday:

BNP Paribas Friday cut its outlook on gold prices for this year and next, but said it expects the metal to trade back above $1,600/oz in six months.

The bank now sees gold averaging $1,580 a troy ounce this year, down 5% on its previous forecast. In 2014, it expects gold to average $1,520/oz, also down 5% on its earlier outlook.

In my opinion, the fundamentals supporting higher gold prices appear intact.

Which they have for quite some time now.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

“Deutsche Bank cuts 2013 outlook for gold prices.” Reuters. 10 May 2013. (http://economictimes.indiatimes.com/news/international-business/deutsche-bank-cuts-2013-outlook-for-gold-prices/articleshow/19989072.cms). 10 May 2013.

“BNP Paribas Cuts Gold Outlook, But Sees $1,600/oz Retaken in 6 Months.” Dow Jones Newswires. 10 May 2013. (http://www.foxbusiness.com/news/2013/05/10/bnp-paribas-cuts-gold-outlook-but-sees-1600oz-retaken-in-6-months/). 10 May 2013.

Share

Tags: , , , ,

Friday, May 10th, 2013 Commodities, Currencies, Investing, Precious Metals Comments Off on Deutsche Bank, BNP Paribas Cut Gold Price Forecasts

New Gold Price Forecasts See It Surpassing $2,000 An Ounce In 2013

The Internet gods seem to be smiling on me right now, so back to blogging.

While on the topic of gold today, the London Bullion Market Association’s annual conference just got done wrapping up. And there’s some bullish predictions coming from some participants. Glenys Sim wrote on the BloombergBusinessweek website earlier today:

Gold will probably rally to a record above $2,000 an ounce next year as central banks ramp up stimulus to sustain the recovery, according to Raymond Key, London-based global head of metals trading at Deutsche Bank AG.

“We’ll take out $2,000, we’ll go higher,” Key said in an interview in Hong Kong, where he attended the London Bullion Market Association’s annual conference. “That’s on the view that they’ll continue to print money.”

(Editor’s note: Italics added for emphasis)

Back in December of last year, Deutsche Bank predicted that gold prices would hit $2,000 an ounce in the second half of 2012.

Sim also reported on a 2013 gold price forecast from British banking and financial services company Standard Chartered. From the piece:

“Gold out of all the metals will be the best performer,” Jeremy East, global head of metals trading and structured inventory product at Standard Chartered Plc, said in a Nov. 12 interview. “The biggest driver of gold will be the ETF.”

(Editor’s note: Italics added for emphasis)

Last winter, Standard Chartered analysts predicted gold prices would break above $2,000 an ounce sometime this year.

Back on September 27, I noted that Bank of America-Merrill Lynch analysts said gold prices could reach $3,000 to $5,000 an ounce in the longer-term.

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Sim, Glenys. “Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says.” BloombergBusinessweek.com. 14 Nov. 2012. (http://www.businessweek.com/news/2012-11-13/gold-to-advance-to-2-000-on-money-printing-deutsche-bank-says). 14 Nov. 2012.

Vafeiadis, Michail. “Outlook for gold prices is bullish in 2012.” The Christian Science Monitor. 22 Dec. 2011. (http://www.csmonitor.com/World/2011/1222/Outlook-for-gold-prices-is-bullish-in-2012). 14 Nov. 2012.

“By 2012-end, gold will hit $2,000.” Emirates247.com. 14 Mar. 2012. (http://www.emirates247.com/markets/gold/by-2012-end-gold-will-hit-2-000-2012-03-04-1.446373). 14 Nov. 2012.

Share

Tags: , , , , , ,

Wednesday, November 14th, 2012 Commodities, Exchange-Traded Funds, Investing, Monetary Policy, Money Supply, Precious Metals Comments Off on New Gold Price Forecasts See It Surpassing $2,000 An Ounce In 2013

Gold Price Outlook

Earlier today, CNBC’s Sharon Epperson discussed what next week may have in store for gold, and pointed out:

Gold options will expire on Tuesday, and there is a great deal of interest at that $1,800 an ounce strike price. So look for potentially a magnet to that level for the price of gold futures.

Friday’s New York spot gold price was $1,773.


“Commodities Next Week: Gold Outlook”
CNBC Video

A number of financial institutions are bullish on the precious metal further out. Nicholas Larkin wrote on the Bloomberg Businessweek website Friday:

Gold will climb to $2,000 by the second quarter and will reach $2,400 by the end of 2014 if the Fed’s latest easing lasts until then, Bank of America said in a Sept. 18 report. Prices will exceed $2,000 in the first half of next year, Deutsche Bank wrote that day. Morgan Stanley expects gold to average $1,816 next year and Standard Chartered predicts a second-quarter average of $1,900. Both would be the highest ever.

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Source:

Larkin, Nicholas. “Gold Bulls Extend Streak as Prices Jump on Stimulus.” Bloomberg Businessweek. 21 Sep. 2012. (http://www.businessweek.com/news/2012-09-20/gold-bulls-extend-streak-as-prices-jump-on-stimulus-commodities#p2). 21 Sep. 2012.

Share

Tags: , , , , , , , , ,

Friday, September 21st, 2012 Commodities, Federal Reserve, Investing, Precious Metals Comments Off on Gold Price Outlook
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here. Ad captions last reviewed/updated 4/18/17.
ANY CHARACTER HERE
Freeze Dried Food SPRING ADDITIONAL 15% DISCOUNT (promo code- home page); Free Gift w/ Purchase; Free Shipping (domestic orders). Review coming soon.
ANY CHARACTER HERE
Family-Owned & Operated in Chicago Suburbs! SAVE 10% OFF ALL ITEMS (promo code- home page); Free Shipping (U.S. orders) & Returns. Review coming soon.
ANY CHARACTER HERE
Buy Gold And Silver Coins BACK-DATED SILVER & GOLD EAGLE SALE!; Secondary Market Silver Coin/Bar Sale (1 oz. coins, 10 oz., & 100 oz. bars); 90% Silver U.S. Dimes & Quarters Sale; U.S./World Gold Bullion Coins/Bars also on sale; Free Shipping on U.S. orders $99 and up (only $5.95 below $99!). BGASC reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service taking care of $2 billion for over 65,000 users from 175 countries. BullionVault.com reviewed HERE.
ANY CHARACTER HERE
SAVE 20% OFF ALL CASE PACKS!; BUY 3-MONTH SUPPLY GET BREAKFAST KIT FREE!; Big Savings on "Deal Of The Day" page; Free Shipping on orders over $79. MyPatriotSupply.com reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) only $169; Bulletproof Backpack/Messenger Bag Panel only $99. BulletSafe reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% SAVE 35% ON SURVIVAL TITLES! (promo code- home page); Discontinued Title Sale- Savings up to 75% Off Original Price. Paladin Press reviewed HERE.
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations



happyToSurvive

Categories

 

Archives

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Degussa Singapore Launches YouTube Channel
    It’s been some time since I last blogged about the first Asian branch of Degussa, a leading international player in the precious metals world. Degussa Singapore opened its doors at 22 Orchard Road in October 2015 and operates a safe deposit box service in addition to selling bullion bars, coins, and precious gifts. Yesterday I […]
  • Nomad Capitalist’s 5 Best Countries For Offshore Gold Storage
    Research related to Monday’s post about precious metals storage in Singapore led me to a piece published last fall by Andrew Henderson over on the Nomad Capitalist website. I’ve mentioned Andrew and his company before on the blog, but for those readers not familiar with them, Henderson is the founder and managing partner of Hong […]
  • Singapore’s ‘Strong’ Precious Metals Storage Infrastructure Anchors Trading Hub Push
    It’s no secret that Singapore has become a global leader in the storage and safekeeping of private wealth. In fact, the last mention of the Southeast Asian city-state on this blog concerned a December 12, 2016, article on the The Business Times (Singapore) website which noted privately-owned precious metals from around the world are finding […]
  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- was recently updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Royal England Safe Deposit Box Ltd.) -Thailand (Magna Carta Law […]
  • Next Degussa Numis Day To Take Place May 4, 5
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has just posted information about their next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and […]