QUESTION: Do you see IMF appropriations for non-Eurozone countries like Britain? Or was it solely the Eurozone mentioned in the plans. Surely they would rather devalue their currency than something like this in Britain? Not sure the Brits would put up with this. Do you remember the Poll Tax riots suffered by Thatcher? Best regards, […]

  The IMF proposal to just take 10% of all European deposits would certainly not take place before the EU elections on May 25th. We do show higher volatility and a crazy period in 2014 in the September/October period. That will be the beginning of the crisis period that will not end until about 2020. […]

  Everyone has heard that the diamond industry is a monopoly controlled by the De Beers Family of Companies. That perception has been the standard response because they in fact had such a monopoly beginning in the mid-1800s. That actually came to an end in 2000. There has never been a commodity exchange for diamonds […]

QUESTION: “If gold and silver are such a bad investment, why are there so many “we buy gold and silver” shops opening up in my town (Dallas, TX)? Shouldn’t they have gone out of business being on the wrong side of this trade?” ANSWER: No. That really has nothing to do with anything. Whatever they […]

QUESTION: Greetings from Iceland! Thank you for all the material you post on your blog! I wish I had come across your writings 40 years ago instead of just recently. Does your model include data and predictions for Iceland? Did it predict the collapse in 2008? What is the outlook for the next few years […]

  Year-End 2013 Number   The Year 2013 has been a great year for equities and a rough year for commodities. Gold has put in its worst performance since 1981 while the Nikkei has put in its best performance since 1972. As we look ahead, 2014 will begin the rise in Civil Unrest that will […]

COMMENT: Trading: I cannot do stock trading on the exchange as I will always loose.Trading is a zero sum business if you include seller, buyer and bank/broker fees.I believe that the winner on trading are the banks and the brokers. I believe that “Naked” trading and speculation by the big banks has ruined the free market and […]

COMMENT: Marty; I just had to write to let you know how much you do mean to a lot of people given the stubborn goldbugs who do hate your guts it seems. I bought the stocks in 2011 with the turn in your model. I sold gold in 2011 and all my gold stocks at […]

Monetary History of Egypt Ptolemaic Dynasty Ptolemy II Philadelphus In about 285 BC, Ptolemy I Soter took as his co-ruler one of his sons by Berenice, Ptolemy II Philadelphus, who became the sole ruler of Egypt upon his father’s death in about 282 BC. Ptolemy II was not born in Egypt. His father had him […]

The analysis is now turning excessively bearish in the metals. They still have to press lower and as one reader commented “puke their guts” ok. Only then will see a reversal of fortune. It is just not time for the metals. They had their run, now they must regroup and get ready for the next […]