United States

“Silver’s Plunge Is Nearing Completion”

At least 16 people have died after a U.S. military plane crashed in rural Mississippi according to LeFlore County EMA Director Fred Randal. No official details were immediately available on the circumstances of the crash in northern Mississippi's LeFlore County, about 100 miles (160 km) north of Jackson, the state capital according to Reuters.

The US Marine Corps tweeted Monday that “a USMC KC-130 mishap occurred the evening of July 10. Further information will be released as available.”

U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent "show and awe" from OPEC. The dollar rose, hitting a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, following last week’s hawkish rhetoric from central bankers.

Goldman has done it again: less than two weeks after the bank said "oil prices have likely hit bottom of the price range, and look attractive" when it slashed its WTI price target from $55 to $47.50 (and every other Wall Street bank promptly followed), in a note released overnight by its analysts including Damien Courvalin and Jeffrey Currie, the central banker incubator has effectively thrown in the towel, and writes that while its 3 month base case price target remains$47.5, it warns that absent a "shock and awe" production cuts from OPEC, oil could tumble below $40/barrel

Authored by Adam Taggart via PeakProsperity.com,

Following up on our recent warning about the situation in Syria, Chris sits down this week for a conversation with The Saker, who writes extensively on geo-political and military matters. The Saker (a nom-de-plume), is a former intelligence expert with professional and personal insights into Russia and the Middle East.