The Weekly Breakline for this week is 1398.6 and this will provide CLOSING resistance at this point. The Major overhead resistance stands at the 3 Monthly Bearish Reversals 1520 area and support at 1310. So we are not going anywhere just yet other than the traditional bounce after a 17.2 day decline. The monthly resistance starts […]

The rally is still just a dead-cat-bounce. The gold promoters are never wrong. When it goes down, it is always by some evil force and it is NEVER real except the losses. When it goes up, see they are always right. This is people’s assets they do not respect. This is NOT analysis – it […]

President Obama’s budget for fiscal 2014 actually proposes to cap the amount Americans can save in these tax-sheltered investment vehicles. The White House has its spin to explain that some :”rich” people have accumulated “substantially more than is needed to fund reasonable levels of retirement saving.” The solution, tax it of course. Obama is proposing […]

All the information we are getting is this is very real. There is almost $20 trillion in pension funds. That would pay off the national debt at $17 trillion. These people are actually discussing a FORCED loan whereby they will take over all pension funds to “protect” us with bureaucrats who know nothing about managing money. We […]

The Euro has TWO Daily Bearish Reversals for the close today in New York – 13030 and 13000. A closing beneath these levels should spark a retest of support. Friday is a key day for this week as it is showing up in other markets as well. We need a close ABOVE 13081 on the […]

Nigel is absolutely fantastic. There are a few good ones in government. Not many! But we do have to stick together!!!!! Nigel is spectacular. http://www.youtube.com/watch?feature=player_embedded&v=BfK3_kJ4z7k

The Dow is starting to get a little tired on the daily level. The Uptrend Channel rests at 14568. A daily closing below 14450 will signal a correction short-term. Volatility starts to rise next week. The Oscillators are confirming on the daily level the market its tired. The big turning point is due the week […]

There are actually people hinting behind the curtain that the Feds should take over all pension plans. I suppose they can then manage them like they do Social Security. Will this age of caring so much for us ever end? They are looking at more than $5 trillion there. The next crisis after 2016, who […]

As always, when it comes to gold, the conspiracy theories lead the way desperately trying to explain why the gold promoters were never wrong, so buy more now to prove they were always right. The stories range from massive short positions of 400 tons but fail to mention to sell that much there had to […]

The ECB has made a study a few days ago claiming that those in Southern Europe are richer than those in Germany to support the view that no more bailouts will take place of banks. The ECB now claims that Cypriots are more wealthy than the Germans. The average assets of a German household is just […]