Luis de Guindos, Spain’s economic minister, illustrates that those in European government remain clueless. He said that Greece should remain part of the Eurozone and the euro. He bluntly stated what Mario Draghi said before – the Euro is irreversible. Without the euro, Brussels fails. The idea of federalizing Europe crashes and burns. Luis de Guindos said […]

On April 23, 1998, Helmut Kohl addressed the Bundestag concerning the introduction of the euro. In a solemn and statesmanlike manner, the prosperity of the Germans as seen through the success of the Deutschmark, was to be transferred to the euro. Helmut Kohl did not lie to the people. He was truly convinced that a single currency […]

German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals […]

It appears that a June closing on cash below 11095 in the euro will reflect Grexit. A month-end closing for June below 10520 level will be very bearish short-term. However, keep in mind that the major Bearish Reversal lies down at the 10335 level. Therefore, only a monthly closing BELOW 10335 will CONFIRM the 11500 […]

The turmoil in the European bond market has demonstrated that the theory interest rates will not rise and are in control of central banks is dead wrong. Despite the ECB’s policy to buy in government debt to inject cash into the markets, one would think that the bonds would have a firm floor of support. The […]

Typical. The European press is claiming that the euro decline is over, and a Greece default will not harm Europe. This seems to be the standard propaganda from government that comes out with every serious change in trend, be it Japan in 1990, to the U.S. in the 1929 Bubble where it also immediately pronounced […]

The reaction rally in the Euro appears to be on schedule. The March low at 10458 held during April, so at the very least that implies a 2-3 month reaction rally. Bank dealing desks have reported to us that their trading lines have been cut. We previously reported that we suspected the ECB had asked […]

The European World Economic Conference will cover the world. When we say it will cover Europe, we are talking about the continent, not just the EU. So yes, that includes Switzerland, Eastern Europe, as well as Russia.

  The Swiss Central Bank lost 50 billion Swiss francs on the Euro Peg. That works out to 6,250 CHF per person including children.  So every couple lost 12,500 and a family of four lost 25,000 CHF. And this is all about government decisions in manipulating the economy.  Great job.

QUESTION: Marty, back on March 10th you said you had support at the 105, 103 and 100 levels in the cash euro. You then called for a bounce after the low was reached at the 10461 price level on March 13. You also said “The Break-Line reaches 80 cents on the next 8.6 year wave” […]