QUESTION: Did Alan Greenspan invent Basic Programming language and write programs for Arthur Burns to control the world financial system? This seems to be the latest conspiracy theory running around. Is there really any truth to Greenspan being a programmer? Thanks KD ANSWER: Sorry, Greenspan was not a programmer and did not design the programs […]

Historically, the Republican Party is the one that splits. It has been an odd mixture of liberalism from the viewpoint of citizen rights before those of the government, and the original constitutional goal of preserving the sovereignty of the states vs. the Federalists. This liberal view has often taken the Libertarian position, whereas the so-called “liberal” view […]

Well if you ever needed PROOF that gold is not money, but rather simply an asset class, all you need to do is look at what governments are doing. They are hunting for anything of value. We are likely going to see a migration of assets from Europe to the USA, as took place prior and during World War […]

China’s move to create a yuan based contract for gold was portrayed by the gold promoters cheering this as their savior, but for all the hype, the mere fact that gold will trade in yuan was neither bullish for gold nor any means of displacing the dollar. What this development does is effectively provide a […]

Ferries carrying Cuban and American passengers will soon be sailing between Miami and Havana, right on time for the turn in the ECM. We are clearly looking at 2015.75 as a significant change in trend in many various relations. This may be a boom to classic cars, a gold mine in Havana.

It has taken a while but today we saw the return of the sellers in the oil market. TWI and Brent both down around 1.7%, taking TWI to 48.25 last trade. Natural gas also took a beating, down almost 3% at 2.825. Gold did try to bounce and spent the majority of the day above 1100, but as […]

Asian equities did not stand much of a chance from the open as Apple had taken it on the chin upon releasing their results! A 7% decline in after hours trading wiped around $66Bln off the share price and put Asian markets on the defensive from the start. By lunchtime, the Nikkei, the Hang Seng, […]

Most precious metals traders breathed a sigh of relief this morning when they awoke to see that gold was not massacred in Asia (again) and was almost unchanged from the New York close. That said, we did not see a bounce-back after yesterday’s $40 decline of any significance, which will leave traders weary of further declines. […]

I have been stating all along that attempting to forecast gold in isolation is the equivalent of summoning a witch doctor for cancer. Everything in this world is connected. Civilization unfolds as a synergy of people coming together and the sum is greater than the individual parts. This too, is what government is tearing apart […]

No matter whom we spoke to today, the focus of the conversation has been on gold’s spectacular fall. There are many rumors floating around from China off-loading because wrong storage figures were released, to a large spec investor who sold 6 tonnes and has taken a huge loss on a leveraged trade! Whatever the excuse, we woke […]