The next crisis will be the currency pegs against the dollar. Here we have pegs from Hong Kong to the Middle East. We will have the same problem for as the dollar is driven higher, thanks to the implosion in the Euroland, these nations will import DEFLATION from a rising dollar. This will break […]

  The dramatic move in the Swiss franc may have confirmed two other interrelationships. Against the dollar, we wrote at year-end “The Swiss is currently trading at 9934 and a mere year-end closing above 9785 will signal that indeed the 2011 low for the dollar will hold and that a test of the 11800 followed by […]

The move in the Swiss was extraordinary because of the massive short-Swiss through loans and their own buying of Euros. The audacity of the IMF to even state they will look into this as if they have any such authority or credibility is just stunning. They want the inside info so they can line their […]

  We are in a very fluid period, which can be confusing, yet it is important to comprehend that NOTHING but NOTHING is ever PERMANENT. On the one hand, gold will eventually decline for its final low on the benchmarks. The only thing that will call that into question is a Monthly Closing ABOVE 1350. […]

  The extreme support for the Swiss against the dollar lies at the 80-81 level. Resistance forms now at the 88-90 area followed by 93. The extreme collapse was due to the tremendous losses incurred by the central bank and the complacency among traders, including hedge funds, who basically just follow the crowd. You have […]

  The typical sales job of the gold promoters has spend so much energy in selling gold as a hedge against inflation and thus gold will rise with the fall of the dollar, that they have so distorted the role of gold that they are driving potential investors away who look upon the gold crowd […]

The numbers are in and the most expensive city to live in these days is Hamilton, Bermuda. After that, the second is Geneva. But Switzerland by and large is the country where you have the highest cost of living in the world. In fact, 5 Swiss cities are in the top ten most expensive in […]

QUESTION: Your reference (not for the first time) to new USD highs may be the most striking — and consequential — of all the insightful and startlingly original  remarks you have made in recent years.At the very least it must rank high and cause not a few of us to stroke our chins and ponder. It seems churlish even […]

  The conspiracy crowd keep swearing the dollar has to collapse and remain clueless that the world is in serious trouble. The impact of debt is far worse outside the USA than inside yet their myopic vision blinds them to the truth. Taxes are so high in Europe and this renders it is impossible to […]

European Banks are now threatening companies with negative interest rates (penalty) when they want to simply park assets in money houses at short notice. Complaints about this practice are starting to rise quietly behind the curtain, which including operations such as airlines. According to our sources, several banks are beginning to levy this negative penalty interest upon […]