We closed above the 1217 level suggesting we will press a bit higher. We now need a closing above 1220 to signal a rally is possible up to the 1255 to 1275 area. We need a year-end closing above 1310 to shift gold into a neutral position. A number of emails have poured in […]

QUESTION: Mr. Armstrong; Is it possible that governments devalue currencies to confiscate capital like taxes? It really does not seem likely that these people have any intention of moving into hyperinflation. They are increasing money supply but at a slower rate than the destructive deflation. It clearly appears governments are in a confiscation mode and […]

Moody’s has cut Japan’s credit rating by one notch over rising doubts about its ability to reduce debt levels. Japan has the worst debt to GDP among the major nations. It has been able to weather that given the fact that most of its debt is a real Ponzi Scheme being held domestically. We have […]

ANSWER: Yes this is the pop. We got the Panic Down on Friday, the Monday low, we need a closing above 1208 to suggest pressing higher. Welcome to the new age of rising volatility. This now cleans out the shorts. Resistance stands at 1217. A close above that should signal some further upside.

We have a very serious problem with taxation. Only the United States and Japan regards its citizens as state property. Taxes are normally owed based upon the concept that you are paying your “fair share” predicated on use. But the United States views it simply owns anyone born in the United States or overseas if […]

  There is a new music video that is going viral entitled This is What Happens When You Call The Cops. It is a shocking video putting together numerous clips of Police Brutality that is very disturbing to say the least. It has captured the stark transformation of the police into a militaristic force far […]

  Friday came in with the Panic Cycle on target. The polls in Switzerland were showing little support for the Save Our Gold issue. Nevertheless, as we approach year-end the major trading range will be 1310 to 1042.50. These are the outer end range boundaries and closing between these two numbers will leave gold in […]

Well, President Barack Obama shocked everyone on Capitol Hill when he admitted that the CIA had indeed tortured enemies during our time in Afghanistan and Iraq. The official position is not to admit to “torture” and Obama simply forgot he was not supposed to use the T-WORD. That will allow others to now sue the US government. […]

  On page 13 of the IMF Working Paper entitled Sovereign Debt Restructurings 1950–2010: Literature Survey, Data, and Stylized Facts, you will find this timeline on how to deal with the coming Sovereign Debt Default. Behind the Curtain, they know what is coming. They appear to be even using our timing. Numerous emails have come in asking […]

Today, Congress is going to pass quietly behind the scenes changes to the BANKRUPTCY LAWS illustrating the growing fear that we are going to see a sharp economic decline ahead. The proposed new law would eliminate protections for certain financial contracts that made big bank bankruptcies nearly impossible in the past. Under the current law, […]