Tn the UK, regulators like the Financial Conduct Authority (FCA) are not as bought and paid for as they are in New York. The latest scandal to hit the banking sector involves CPP Group Plc as well as 13 other major banks and credit card companies. The scam has been to sell insurance to cover if your […]

Moodys has implied that they may downgrade the big banks stocks including Goldman Sachs and J.P. Morgan. The reason for this is what I have been reporting that the Fed has informed the bankers they will not be bailing them out for proprietary trading. In addition, the bank spread between what they have been paying […]

Inside sources are confirming the rebels staged the attack in Syria 2 days after the UN team got there and it was within 10 minutes of where they were. This is becoming a religious war and the overthrow of Syria is likely to create another Iran, not a land of democracy where everyone lives happily […]

QUESTION: You have been really hard on the “gold promoters”, yet you are long-term bullish on gold. Why would gold rise if not for all the reasons put forth by the gold promoters? ANSWER: I was a gold market-maker. Personally, I prefer gold. I prefer to handle it. But whatever my personal feeling about gold, that […]

Gold has rallied up to almost the 1399 level. We do have closing resistance at 1397.90 today and today would appear to be a high if it closes back below 1388.50. The key resistance is still at the 1421-1424 level and support lies at 1372.10 right now. A weekly closing back below 1336 will signal […]

QUESTION: Marty, you have mentioned how everyone tends to reduce events to a single cause. Is this the problem you refer to as the lack of dynamic thinking? Is there a way to change this? ANSWER: Yes. But it takes work on an individual basis. I studied not just my own thinking process in trying […]

QUESTION: You were correct and gold collapsed into June when the gold promoters kept saying buy. Was the low in June sufficient for the major low? Do we still need to see $950? ANSWER: Markets must move to extremes on both sides to provide the ENERGY for the move in the opposite direction. The further […]

The notorious Microsoft Corp Chief Executive Officer Steve Ballmer will now “retire” within the next 12 months. This is interesting for it is a code word for get the hell out of here. The shares rallied almost 9 percent on hopes that someone new will change the course of the company. But Microsoft is going […]

The solution we have been working on is rapidly becoming the only way out. The amount of debt keeps growing and there is just no way to resolve this mess. Either we go into a massive default wiping out all pensions, or we keep raising taxes and destroying the economy wiping out the youth and […]

QUESTION: You compare gold and the Dow in 1980 and today. Are you saying stocks are better or are you referring to the difference in timing? ANSWER: There are cyclical periods for each and every aspect of investment. I talk about the gold promoters because they mislead people and tell them only gold will survive. […]