The Dow still has support at 17235. A closing beneath this level is necessary to form a sustained correction. This is both on a daily and weekly basis. Holding that level warns we are just in a choppy phase. We will be producing a special report on the share markets for 2015 since this […]

While gold is choppy, nothing seems different from the general overview that it should rise into its normal seasonal turning point. From there, it appears that gold will turn back down moving into the benchmark targets outlined in the report. The first resistance that must be overcome to hint that the seasonal bounce is unfolding […]

When you listen to a politician, pay very close attention to his qualifying words. This is how they lie. Former Real President Dick Cheney in his own defense claims the pretend President George Bush, Jr  “knew everything he needed to know, and wanted to know” about CIA interrogation. “He knew the techniques… there was no […]

Lost in all the defense of uncivilized and unethical behavior that should be criminally punished in the CIA Torture scandal, is the simple fact that human beings with a conscious do not act that way. It was agreed among nations that torture would be outlawed and the bottom-line is rather clear – no American is […]

After months of hard-fought negotiations over agency dollars and policy provisions, the net result is a 1,600 page bill released last night.The deal was announced late yesterday after Democrats accepted Republican demands to undo some regulations including the banking provision that will allow the trading banks to deal in derivatives again in subsidiaries with full […]

The Dow did not elect any bearish reversals. During a breakout, the market typically falls back to retest the channel from which it broke-out. Any sustainable pause require a closing below 17235 for starters. A close below 17644 will suggest a move back into the upward channel. Nevertheless, the first hurdle remains in the mid […]

A new bill passed last week in Illinois would make it a felony to secretly tape any “private conversations,” with steeper punishments for those surreptitiously recording the police. Critics of the proposed law claim it would scare citizens from recording interactions with law enforcement, following a number of high-profile police killings caught on camera. Instead of protecting […]

The US market has been hit in sympathy because of the chaos outside. This should be expected. We have warned that China peaked in 2007 and is headed lower. The US is the ONLY game in town and the US economy has been holding up the entire world. But the growth in the USA is […]

The demands for political reform in Thailand are interesting. They give some hope that real democracy can perhaps work. The National Reform Council panel on political reform yesterday reached a consensus on the direct election of the prime minister and the cabinet, election of MPs from large constituencies and election/selection of senators. Sombat Thamrongthanyawong, chairman […]

After a long debate in the EU, the ESM may now help ailing banks directly. The euro bailout fund could jump in but only viable large institutions if all other auxiliary facilities are maxed at national or European level.