The view of the USA from outside is always enlightening for those stuck in a domestic world. All we ever hear about is the US debt, the Fed monetization, and Obama’s latest attack upon the constitution. That notwithstanding, the view in Japan with North Korea itching to draw first Japanese blood and Europe demonstrating it is about […]

The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well. http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/ The problem Bitcoin faces is the same we […]

One reader wrote: “Congratulations. Your forecast that the Dow would make new highs from the depths of 2009 has been astonishing. You have done the same each and every time since 1987. You consistently hit the ball out of the park every time. I was at your Berlin Conference. You dedicated that conference to Milton […]

This massive leak on people who have accounts outside their country put together by 160 journalists who are most likely closet Marxists, now threatens even Russians in the Government. Putin also vowed to go after Russians who had offshore accounts in his December State of the Union Address. http://www.themoscowtimes.com/business/article/offshore-investigation-threatens-to-embarrass-kremlin/478140.html This hunting down of the rich […]

According to sources, it was Russia that provided North Korea with the technology to deliver ICBMs. The ties between Russia and North Korea are far greater than the press has let on. http://www.themoscowtimes.com/news/article/north-korea-advises-russian-embassy-to-evacuate-employees/478204.html

Cyprus joined the EU when the bloc launched its “big bang” expansion, opening the door to 10 mostly ex communist countries in 2004, which then swapped their individual currencies for euros a few years later. However, unlike Greece or the rest of Southern Europe, the banks in Cyprus suffered heavy losses due to large Greek bond […]

Even Castro came out warning the 30 year old rash leader of North Korea against war. We tend to judge people by ourselves and assume since war is illogical that everyone else would see the same thing. That is VERY far from the truth. It is not our rational thought process that matters, it is […]

The Euro closed at 5PM NY Time at 12994 2 ticks below the closing resistance target of 12996. The Euro will find resistance at 13007 early next week with support at 12845. Initial support will be at 12954 level where we should see the Euro retest. Nevertheless, a high the week of 4/15 still suggests […]

Resistance for next week will be at the 13007 level. If we close below that today, the Euro will retest the mid 12900 area then move up into the week of 4/15. A close ABOVE 13007 on cash in New York will warn that the rally in the Euro may lead with stops and 13007 […]

The Daily Bullish in the cash Euro for today’s close are 12977 and 13134. The Weekly Bullish are 13134 and 13433. This corresponds with the top of the technical channels. The monthly levels also show the first resistance at 13140 and 13370. We also have some closing resistance technically at 12996. The Euro on the momentum […]