The key support on the weekly level in gold lies at 15795. A weekly closing below that will  eventually be followed with a test of the 14100 to 14600 level. This is the bottom of the channel where gold should eventually test. The time for a rally in gold remains after 2015.75. This has been […]

Déjà vu – In 1934, Congress enacted the first municipal bankruptcy legislation – Chapter 9. This was born of necessity during the Great Depression. One city to go bankrupt was Detroit in 1934. In 1956, the Packard Plant closed and is the largest abandoned plant in history to this day. Nevertheless, Detroit had been the center of […]

Well, the hate mail has started regarding gold and as usual, I get all the arrows. Sorry, but gold is still a market. It rises and falls according to supply and demand and right now the market is overbought. When I was given a institutional conference in Tokyo, an individual bribed his way in. He […]

English Bill of Rights 1689 An Act Declaring the Rights and Liberties of the Subject and Settling the Succession of the Crown Whereas the Lords Spiritual and Temporal and Commons assembled at Westminster, lawfully, fully and freely representing all the estates of the people of this realm, did upon the thirteenth day of February in […]

The EU Commission is moving forward on a Financial Transaction Tax. This is pretended to impose more discipline on traders. The problem is there is nobody in government that even understands trading to regulate anything. This is just another tax and grab scheme. The supporters say it is nothing just 0.1%. That is how they […]

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 […]

606 F.2d 28 Fed. Sec. L. Rep. P 97,120 Michael F. ARMSTRONG et al., Plaintiffs-Appellees, v. Clovis McALPIN et al., Defendants-Appellants. No. 1010, Docket 79-7042. United States Court of Appeals, Second Circuit. Argued June 13, 1979. Decided Sept. 12, 1979. J. Robert Lunney, New York City (Michael J. McAllister and James J. DeLuca, Lunney & […]

470 F.3d 89 Martin A. ARMSTRONG, Petitioner-Appellant, v. Joseph R. GUCCIONE, United States Marshal for the Southern District of New York, and Marvin D. Morrison, Warden, Metropolitan Correctional Center, Respondents-Appellees, Alan M. Cohen, Intervenor Receiver-Appellee. Docket No. 04-5448-PR(L). Docket No. 05-0280-PR(CON). United States Court of Appeals, Second Circuit. Argued: January 24, 2006. Decided: November 27, […]

When you actually conduct studies of relationships that people ASSUME exist, you find that they rarely actually exist. Investigating stochastic behavior of the prices and volatility of of the leading commodity markets and comparing them to the debt and equity markets, produces a very interesting result. We observe a substantial degree of uniformity in the behavior […]

Copyright January 7th, 2013 All Rights Reserved       By There was a discovery made in 1772 near Vilui, Siberia of an intact frozen woolly rhinoceros. Here we had a prehistoric animal intact. This was followed by the more famous discovery of a frozen mammoth in 1787. You may be shocked, but these discoveries […]