The Rupee has fallen sharply against the US dollar as volatility rises. The current account deficit jumped largely because India’s gold purchases rose from 90 tons to 300 tons as the price collapsed. But this led to India imposing more tariffs on the importation of gold stopping the buying and contributing to the collapse […]

We wrote on June 20th: “The Daily Bearish Reversals are 14670 and 14392 with the Weekly Bearish at 14390 and 14360/ The key support starts with the Monthly Bearish at 13139 and 12940, with the critical support at the Monthly Bearish at 12220.” We elected the minor Daily Bearish on the 24th but that was […]

The unemployment in Germany is rising hitting 12%. This in indicating what we have been warning about – European economic growth will turn negative in 2013. Germany turning down marks the confirmation we have been warning that deflation is the major risk not inflation, which is reflected in gold prices. This has impacted the Swiss […]

Last year, the German chancellor Merkel was calling for “more Europe, not less.” She was behind the idea of federalizing Europe handing more power to Brussels. But as the economy turns down, European Integration is rapidly fading and now even Merkel is bending to the political trend of the rising EU-skeptic movement. http://www.spiegel.de/international/europe/german-chancellor-merkel-cools-on-european-integration-a-907339.html

QUESTION:  Hi Martin, Thanks for all of your reports, they are very informative. I am an institutional portfolio manager here in Canada. I know you mentioned that the gold correction will go on until all the Bulls have thrown in the towel. I have never been a gold bug. I am only employed to make […]

QUESTION: They keep saying the same thing that gold has just got to go up. The Goldbugs will not quote you anymore and will not acknowledge you were right. The mainstream press ignores you because they are pro-government and banks doing the same thing as the Goldbugs. It is incredible that they accuse you of […]

QUESTION: I understand now what you have been trying to explain about gold and have suffered the slings and arrows from the Goldbugs. They have been totally discredited and you are right in saying they are not real analysts. That is why they stopped quting you. The target you gave of 1150 you said was […]

QUESTION: Why do banks seem to always fail? ANSWER: The business model is inherently flawed. They borrow short-term on demand and lend long-term. They take your demand deposits in your checking account and lend for mortgages out 30 years or speculate with your money like M.F. Global who Obama protected proving my point – Democrats […]

QUESTION: If Europe is going down the drain before the US (the lack in confidence in EU governments), isn’t it expectable that the gold price will rise in Europe first? If that isn’t so, will the dollar always be the first refuge and gold the last one, rising only after the US collapses? Thank you […]

Irish leader Enda Kenny has said he understands “the rage and the anger” of Irish people on Monday (24 June) following a leak of taped conversations by two Anglo-Irish bank bosses which indicate the Irish government was conned into propping up the bankrupt lender. The taped conversations, obtained by the Irish Independent newspaper, between John […]