The day for equities peaked in Europe with most core markets up around 1%. The US changed the mood early in the session as the Biotechs took their toll on the NASDAQ and within a short time the index was 1% lower. Main talking point was the weakness of the US Dollar and the recovery […]

QUESTION:  i read your latest piece on gold…..i see your rationale for inflation not causing gold to rise but rather an erosion in confidence of government so if i am reading you right you see a rise in gold in a semi-rapid fashion for the next few years as the confidence in government declines now […]

QUESTION: Does war boost gold prices? MM ANSWER: No. The only impact that war will have on gold is confined to either prolonged inflation or the uncertainty of the victor — the hedge against government survival. War by itself is a non-event. Gold will rise ONLY when there is uncertainty because the currency of the government will not survive a […]

Interestingly, the debt ceiling was kicked down the road to the precise date of the ECM turning point: September 30, 2015 (2015.75). Boehner had to resign; this has turned into a religious event and not just economics. This turning point from the debt perspective is interesting. The 1985.65 turning point produced the G5 and the Plaza Accord. That was […]

Asian equities further consolidated the gains today, adding an additional 1-2% on yesterday’s closes. In Europe, early efforts to rally were muted and eventually turned negative as the U.S. session got underway. Dow lost all momentum, and at one stage, had losses of around 200 points. However, the uncertainty within the markets continued when we […]

We have warned that capital is in a flight to quality, therefore creating the bubble in government paper. We also warned that the bond market on the long-term peaked in April/May and that we should expect a further rally in the short-end. This significant move has unfolded right before our eyes. The fact that the bonds have […]

The 1985 World Economic Conference Back in 1985, we warned that the Sovereign Debt Crisis would emerge on 2015.75. How was 2015.75 forecast so far back? This is pi; 31.4 years into this Private Wave which began on 1985.65. At the 1998 World Economic Conference, we put out this slide listing the sequence of events. […]

A weak session for Equities in Asia (Nikkei -2.7%), Europe (DAX -1.97%) and the US (DOW -0.5%)had Fund Managers searching for both answers and safe-havens. One market that benefited was the Bond Market with US Treasuries and Bunds both pushing yields back lower. The US 10yr managed a break below the 2.10% yield to a daily […]

Some people totally confuse gold and money. During the Great Depression, we were on a gold standard. During a decline, ALL assets will decline against whatever is money, just as money declines during a boom. You need to separate MONEY from gold or you will never understand how the economy functions and you will buy gold when you […]

Gold’s rally into the target weeks for the ECM appear to be linked to the potential crisis in European banking. This has nothing to do with the dollar, fiat, inflation, or whatever. The only reason gold rises is the hedge against real crisis and uncertainty. Gold may not be sustainable. We really need to see […]