The computer is short 4 positions. The major support lies at 15795 on a weekly closing basis. Only if that gives way will we break through the bottom of this channel. Gold remain vulnerable since 2012 was 13 years up on a closing basis. Given the pervasive amount of bullishness convinced that the dollar […]

Much of the stories on the web about silver and gold tend to reflect the official prices rather than the free market prices. There is ALWAYS a free market even during periods of fixed exchange rates. During Bretton Woods, there was currency trading in Hong Kong where the yen fell to nearly 500 to the […]

Two Russian bombers on the 12th flew over the U.S. Overseas Territories of Guam, forcing the U.S. military fighters to be scrambled in response withe two F-15 fighter planes. The curious incident took place just before Barack Obama delivered his State of the Union speech in Washington which may explain why he was late. http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&twu=1&u=http://news.xinhuanet.com/world/2013-02/17/c_124354233.htm&usg=ALkJrhgpPDPj77HjAlRuhPys7qaLHRbD-A

What is interesting to watch is how the Socialists in countries that have been excessively Marxist for decades are starting to see the light that what they have preached from limos and Five Star hotels for decades, just as the democrats in America, is unraveling before their eyes. This is all part of the Sovereign […]

It has only taken since 1933 for government to final admit that competitive devaluation of currencies actually harms the economy. In a G20 communique after a meeting of finance ministers and central bankers in Moscow, they stated: “We recognize that the excessive volatility of financial flows and disorderly movements in the exchange rates have adverse implications […]

Europe will put in the lowest economic growth in the world for 2013. The German national statistics office Destatis calculated that gross domestic product (GDP) contracted by 0.6 per cent in price, calendar, and seasonally adjusted terms in the period from October to December. The Eurozone economy contracted far more than generally feared in 4Q 2012, […]

The SEC has filed criminal charges on insider trading front-running which is standard practice by the New York Trading Banks. This is just further evidence that the bankers ate TOO BIG TO PROSECUTE or as one NY Lawyer said to me why they will never charge a NY Bank – “You don’t shit where you […]

I reported that there was rising tension against foreigners in Singapore for they blame them for the rise in property prices and inflation. Now, amazingly, there was a protest of more than 4,000 people over a recent government policy paper that forecast the population would grow by 30% to 6.9 million by 2030, with immigrants making […]

Britain is adopting US tax law by default – worldwide income. The US position to tax citizens on worldwide income even when they do not live here was NEVER enacted by the people in a democratic manner, but rather it was purely a creation of American judges. I explained that the US banks starting in […]

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.   Article. I. […]