U.S. government to use ‘drones the size of GOLF BALLS to spy on AMERICAN citizens’ http://www.dailymail.co.uk/news/article-2156720/Eye-sky-U-S-government-use-drones-size-GOLF-BALLS-spy-citizens.html They are not looking for terrorists. They are worried about civil unrest coming because of the debt crisis and they are scared shitless watching what has gone down in Europe. This is all about keeping government in power – […]

Victoria’s solution is not realistic. She at least identifies the problem – debt. What I can tell you is in meetings on the Hill, the conversation is at least intelligent when I meet with the chief’s of staff. When the politician enters the room, the conversation dumbs down. There is no collective ongoing accumulation of […]

A 12-year-old-girl understands it’s the debt stupid. Why do people think it is what we call money or that a gold standard would cure anything. If a 12 year old girl can figure out what Congress cannot, or even what the goldbugs insist it is what we use for money, then what does this say […]

Dow The Dow Jones Industrials elected Weekly Bearish Reversals starting the week ending May 11th, The next one lies at 11963 followed by 11180.The Monthly level showed that May was an outside reversal to the downside.The month-end closing below 12700 signalled a near-term correction was in order.However, the first Monetky Bearish Reversal lies at 11728 […]

Gold seems to be the only sure hedge given the rise in aggressiveness of government. Bank accounts can always be seized. Don’t forget, whatever gold there was in banks they took in 1933. Not what you had at home. They are shutting off all foreign bank accounts. Little by little they are closing every avenue […]

Gold The Monthly Bearish Reversal remains at 1493 so no broader-term sell signal was accomplished yet.Resistance during June begins at 1632 and scales upward to 1732 followed by 1752. Support lies at 1574. We need to see a monly close back above 1675 to suggest a summer rally is likely. But the major resistance remains […]

Good Old Ben ‎”No man’s life, liberty or fortune is safe while our legislature is in session.” — Benjamin Franklin

Outlook For Gold 05/21/2012 05212012-GoldOutlook

On the Daily level we see rising volatility into the end of this week 05/24-25. Volatility will rise again on May 29th. Keys days appears to be 05/23, 05/25, and 05/30 this month. The Daily Bullish Reversal stands at 1609.80. The key Daily Bearish Reversal lies at 1526.9. Minor Daily Bearish Reversal is to be […]

A new update from Martin Armstrong is now out on the 2012 Writings page: “Manipulating the World Economy Or Just Understanding How It Really Functions?”