Jim Sinclair on Cyprus Theft

Eric King:  "Jim, we now know the answer to the 'Cyprus Solution.'" Sinclair:  "Yes, Cyprus depositors have now been flushed.  The Bank of Cyprus, the island's largest bank said it has converted 37.5% of deposits exceeding 100,000 euros into a Class A share, with an additional 22.5% held as a buffer for possible conversion in the future. Anther 30% will be temporarily frozen and held as a deposit.  So the amount of money that has been taken from the Cyprus depositors is an all practicality almost their entire accounts.  Major depositors funds have now been taken in grand style.  Depositors everywhere are now defined as lenders to the banks.  Today is a day of financial infamy.  History will see this event as serious as the flushing of Lehman Brothers....

Click here to read the full article on KingWorldNews.com

 

Eric King Interviews Eric Sprott

Eric King:  “We’ve been discussing quite a bit on King World News the desperation of the central planners, and especially when we saw the very unnatural action taking place in gold and silver.  When you see that kind of desperation, Eric, what does it tell you?  Because it’s become more pronounced than we’ve ever seen it.”   

Sprott:  “It’s just pure insanity.  When gold and silver got hit, gold traded about 120% of its annual production in one day (in the paper market).  We had offerings of 25% of the world’s mine production at one time, and who in the hell would have 25% of the world’s mine production available for sale in a minute?  And who would want to sell it in one minute?  It’s just ridiculous....

“So we see all of these paper (trading) volumes going through that bear absolutely no relationship to what’s going on in the physical markets.  As you know I have always been a proponent of the fact that supply in the gold market was way less than demand, and by a very large factor.  I think demand exceeds supply by at least 60%.  The central banks are surreptitiously supplying that gold, and ultimately they will be running on fumes.

When we hear about the LBMA not willing to deliver gold, and JP Morgan’s inventories at the COMEX have gone from 2.4 million (ounces) down to 160,000 ounces, it just makes you realize that all of this paper trading means nothing.  It’s the real physical market that you have to rely on.  

Everything I believed in keeps pointing to more and more buying.  God forbid that I might be able to say that investment demand might go up 100% this year because everyone is buying gold.  Where would it come from?  There is already a shortage.  So it’s just pure insanity.  

I think we will look back at the gold chart and you will see this panic selling at the bottom and (we will be at) new highs in the market.  We will realize when we breakout through $1,920, and we got down to $1,320, it’s going to count for the gold price being another 50% higher.

We are going to have an excellent shot at $3,000 gold because this thing is totally sold out here based on the action of the Friday and Monday of the previous weeks.  The whole exercise backfired.  If it was central bank manipulation or somebody trying to break the market, it totally backfired. 

I can’t believe that I can say to you that the US Mint has sold 1,000% more gold this month, than April of last year, and the month is not even over.  I’m shocked that I can say the UK Mint has sold 200% more.  You hear numbers out of China and India of hundreds of percent differences.

I mean these are staggering developments in a market where the supply has been essentially fixed for 13 years.  The mining supply went down last year.  Mining supply will go down this year, and yet we see a huge surge of physical buying all over the place.  This has been a wonderful response from people who realize the ridiculousness of what the central planners are doing.”

http://www.kingworldnews.com/kingworldnews/King_World_News.html

Different Take on Take Five

Vodoo Chile - Gayageum-style

"Jimi Hendrix’s 1968 song “Voodoo Chile” is already a classic. But it becomes all the more so when you see it performed by Luna Lee on a Gayageum, a traditional Korean stringed instrument. The first Gayageum dates back to the 6th century."

http://www.openculture.com/2013/03/watch_jimi_hendrixs_voodoo_chile_performed_on_a_gayageum_a_traditional_korean_instrument.html

...from Dr. John

"Rule o’ Thumb: When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it’s probably about time to cash in the chips."

"Presently, margin debt is more than 2.3% of GDP, the highest level in history with the exception of the approaches to the 2000 and 2007 market peaks. Clearly, there have been changes in market structure over time, such as the emergence of hedge funds, long-short strategies and the like. So the long-term increase in margin debt certainly has some “structural” features to it. Again, however, the important feature to observe is not so much the absolute level, but the cyclical tendency for spikes in margin debt to accompany overvalued, overbought, overbullish market peaks. The subsequent market collapses are typically worsened by the inability of investors to simultaneously exit overleveraged positions that were all based on the same investment thesis."

http://www.hussman.net/wmc/wmc130422.htm

The Secret World of Gold - CBC

How Men Think in Relationships - Man Rules

MAN RULES

AT LAST A GUY HAS TAKEN THE TIME TO WRITE THIS ALL DOWN
FINALLY, the guys' side of the story. ( I MUST ADMIT, IT'S PRETTY GOOD.)

WE ALWAYS HEAR 'THE RULES' FROM THE FEMALE SIDE
NOW HERE ARE THE RULES FROM THE MALE SIDE

THESE ARE OUR RULES!

PLEASE NOTE. THESE ARE ALL NUMBERED #1 ON PURPOSE!

1. MEN ARE NOT MIND READERS.

1. LEARN TO WORK THE TOILET SEAT. YOU'RE A BIG GIRL. IF IT'S UP, PUT IT DOWN. WE NEED IT UP, YOU NEED IT DOWN. YOU DON'T HEAR US COMPLAINING ABOUT YOU LEAVING IT DOWN.

1. CRYING IS BLACKMAIL.

1. ASK FOR WHAT YOU WANT. LET US BE CLEAR ON THIS ONE:

SUBTLE HINTS DO NOT WORK!
STRONG HINTS DO NOT WORK!
OBVIOUS HINTS DO NOT WORK!
JUST SAY IT!

1. YES AND NO ARE PERFECTLY ACCEPTABLE ANSWERS TO ALMOST EVERY QUESTION.

1.. COME TO US WITH A PROBLEM ONLY IF YOU WANT HELP SOLVING IT. THAT'S WHAT WE DO. SYMPATHY IS WHAT YOUR GIRLFRIENDS ARE FOR.

1. ANYTHING WE SAID 6 MONTHS AGO IS INADMISSIBLE IN AN ARGUMENT. IN FACT, ALL COMMENTS BECOME NULL AND VOID AFTER 7 DAYS.

1. IF YOU THINK YOU'RE FAT, YOU PROBABLY ARE. DON'T ASK US.

1. IF SOMETHING WE SAID CAN BE INTERPRETED TWO WAYS AND ONE OF THE WAYS MAKES YOU SAD OR ANGRY, WE MEANT THE OTHER ONE.

1. YOU CAN EITHER ASK US TO DO SOMETHING OR TELL US HOW YOU WANT IT DONE. NOT BOTH.
IF YOU ALREADY KNOW BEST HOW TO DO IT, JUST DO IT YOURSELF.

1. WHENEVER POSSIBLE, PLEASE SAY WHATEVER YOU HAVE TO SAY DURING COMMERCIALS.

1. CHRISTOPHER COLUMBUS DID NOT NEED DIRECTIONS AND NEITHER DO WE...

1. ALL MEN SEE IN ONLY 16 COLORS, LIKE WINDOWS DEFAULT SETTINGS..
PEACH, FOR EXAMPLE, IS A FRUIT, NOT A COLOR. PUMPKIN IS ALSO A FRUIT. WE HAVE NO IDEA WHAT MAUVE IS.

1. IF WE ASK WHAT IS WRONG AND YOU SAY 'NOTHING,' WE WILL ACT LIKE NOTHING'S WRONG. WE KNOW YOU ARE LYING, BUT IT IS JUST NOT WORTH THE HASSLE.

1. IF YOU ASK A QUESTION YOU DON'T WANT AN ANSWER TO, EXPECT AN ANSWER YOU DON'T WANT TO HEAR..

1. WHEN WE HAVE TO GO SOMEWHERE, ABSOLUTELY ANYTHING YOU WEAR IS FINE...REALLY.

1.. DON'T ASK US WHAT WE'RE THINKING ABOUT UNLESS YOU ARE PREPARED TO DISCUSS SUCH TOPICS AS FOOTBALL OR MOTOR SPORTS.

1. YOU HAVE ENOUGH CLOTHES.

1 .. YOU HAVE TOO MANY SHOES.

1. I AM IN SHAPE. ROUND IS A SHAPE!

1.. THANK YOU FOR READING THIS. YES, I KNOW, I HAVE TO SLEEP ON THE COUCH TONIGHT.. BUT DID YOU KNOW MEN REALLY DON'T MIND THAT? IT'S LIKE CAMPING...

PASS THIS TO AS MANY MEN AS YOU CAN - TO GIVE THEM A LAUGH...

PASS THIS TO AS MANY WOMEN AS YOU CAN - TO GIVE THEM A BIGGER LAUGH, BECAUSE ITS TRUE!