I can think of nothing more than the single greatest nonsense that has frustrated me for decades – the MYTH of the ONE-SIDED TRADE. As I have stated at seminars around the world, there is this prevailing myth of some HUGE short position that forces the market down. In gold, there is the mythical short […]

One reader wrote: “Congratulations. Your forecast that the Dow would make new highs from the depths of 2009 has been astonishing. You have done the same each and every time since 1987. You consistently hit the ball out of the park every time. I was at your Berlin Conference. You dedicated that conference to Milton […]

The Cyprus solution was in fact discussed at G20 levels. Numerous papers are starting to surface from Europe to New Zealand where government is accepting the idea that the next time bankers blow up the world, they can just take the deposits. This is even surfacing in Canada. http://business.financialpost.com/2013/04/02/ottawas-bank-bail-in-plan-targets-certain-liabilities/ We submitted our proposal to save […]

The opposition parties in Germany are warning each other not to join Merkel. The general hope is if nobody joins in a coalition with here, she will be unable to form a government. There is a rising sentiment in Germany that if Southern Europe can’t pay their bills – no bailouts. This was the reason for taking […]

Copyright March 26th, 2013 All Rights Reserved We are on the verge of a real crack in the Euro. So far the intraday low is 128.27 on the spot and we have a Weekly Bearish Reversal at 128.24 with a GAP down to 121.37.  As always, the political forces and academic factions are unfamiliar with […]

Commodities have always been subject to huge swings in the booms and busts of history. Kondratieff did his research on the 19th century and as such his wave is not indicative of the modern economy since it has moved from a 70% employment commodity base to less than 5%. This does by no means negate […]

Question: I was at your 1985 Conference in Princeton. You made two points with the ECM that have stuck with me all these years. You said the peak in Britain was with World War I following the 309.6 year wave That was 1918. You then said the 2032 turning point was death of the USA. […]

I have explained the Golden Rule of Corrections. Once you extend in anything beyond a time unit of 3, you are then in a change in trend. The Greek recession, and most of the Western World, began in 2007. We began with the Greek Debt Crisis precisely to the day on the Pi Target from […]

Europe will put in the lowest economic growth in the world for 2013. The German national statistics office Destatis calculated that gross domestic product (GDP) contracted by 0.6 per cent in price, calendar, and seasonally adjusted terms in the period from October to December. The Eurozone economy contracted far more than generally feared in 4Q 2012, […]

The questions about gold v the Dow seem to be relentless. Here seems to be the number one question people ask. “Are you saying Gold & the Dollar and Dow can rise together?” Most of the nonsense about gold are sales pitches designed to convince people to buy. They far too often are not well […]