1. You have been pretty consistent in your position that gold is yet another commodity with business cycles affecting it as much as corn or copper and therefore a gold standard would never work. But wouldn’t you agree that at the least a gold standard would serve as a speed bump on government’s constant expansion […]

French President François Hollande should get the Noble Prize for providing the script for How to Destroy and Economy for Dummies. He went on TV on Thursday now saying he would make companies pay a 75% tax rate on salaries over one million euros. He is repackaging his Marxist campaign promise that he would impose […]

Just as Russia called unprecedented military exercise to show force to Europe, the US did the same holding military exercises using B-2s capable of delivering nuclear bombs in South Korea intent upon showing force to North Korea, which in turn responded by putting everything on alert to attack USA mainland. http://www.bangkokpost.com/news/world/342948/n-korea-puts-rockets-on-standby-for-us-strike

The man who sparked the tea party turns on gold taking the position that the days of Ayn Rand are over. In a world of just electronic money, what will be left? Interesting question to ponder. http://www.mining.com/they-securitized-it-the-man-who-sparked-the-tea-party-turns-on-gold-93605/?utm_source=digest-en-mining-130328&utm_medium=email&utm_campaign=digest

It seems the whole world is turning against liberty, freedom, and free speech. Russia has joined the club in shutting down any private group that is anti-government. One must wonder how far behind is the internet with Obama’s Kill-Switch. http://www.themoscowtimes.com/news/article/ngo-checks-unprecedented-in-post-soviet-russia/477667.html  

Italian leader Pier Luigi Bersani said Wednesday that only a mentally ill person would want Italy’s top job. This is starting to reflect the deep political problems rising throughout Europe. http://www.japantimes.co.jp/news/2013/03/29/world/italian-pm-job-only-for-mentally-ill/#.UVT20b8RbzI

The Euro closed at 12817 on the spot today. A close below 12824 will be a sell signal tomorrow. We have a Monthly Bearish at 12972 which if elected tomorrow will cause 13000 level to become important resistance for April. We have support at the 12625 area but after that we really have air until […]

The European Commission knew what it was doing. It refused to bailout Cyprus because it would be seen as bailing out about $4 billion in Russian deposits. But it had to abandon its sworn policy that there would NEVER be any default in Europe. Guess that was like Bush’s “read my lips – no new […]

The idea that we can use electronic money is certainly the way of the future. But unless we reform government, nothing will ever be safe. The Cyprus Confiscation shows how easy it is for government to act arbitrarily. They unplugged Iran and did the same to the Vatican until they agreed to comply. https://www.armstrongeconomics.com/2013/01/04/thirst-of-taxes-locks-out-vatican-from-electronic-wire-transfers/ The […]

The intraday Bullish Reversals on the spot Euro on a 15 minute stands at 128.55. The Weekly Bearish on the spot is 128.24. The last trade is 128.22.