Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]

We did NOT elect  the Weekly Bearish today in the Dow Jones Industrial Japan tried to hold overnight gains but by the time the rest of the Asian markets opened it was too late and the selling pressure just increased with time. Nikkei closed down 94 points (-0.5%) but the futures quote dropped an additional […]

There was a time when a 2% price swing used to be something to write about! Asia returned a mixed session with the Nikkei (-2.6%) handing back most of yesterday’s gains. The Shanghai (+2%) recovered late in afternoon trading and finally the HSI (-0.56%) was way off of the opening lows. Early data in Japan […]

To some, this is a religious battle. To others, it is just a time to rip off a lot of people by selling fantasies and sophistry. I have stated this many times, so here it goes again: Gold rises when people lose confidence in government. It has nothing to do with inflation. So, you start […]

A mixed session in Asia (Nikkei +2.9% and Shanghai -2.4%) left just the HSI as the deciding factor and that closed stronger at +1.1%. Europe and the U.S. futures were all pricing in a stronger open and until mid-day (Europe) that was pretty much business as usual. Yes, we did see a turn in the […]

Cameron is just an example of how morally corrupt politicians are no matter what country we talk about. Cameron promised a referendum on exiting the EU because he never in his wildest imagination contemplated that the British would leave the EU. So what does a corrupt politician do when he fears losing an election? He rigs the […]

Reports are now starting to surface that sexual assaults on young German women by Arab refugees have been taking place throughout the country. Retaliation unfolded against foreign refugees following the sexual assaults in Cologne on New Year’s Eve. Meanwhile, Angela Merkel stated publicly, “The euro and the free movement of movement across borders are directly related.” […]

With Japan closed (Coming of Age Day) we were forced, yet again, to watch the excitement unfold on the Chinese exchange. Most of the talk was on the foreign exchange market where the off-shore currency quote (CNH) saw a huge jump (940bp) on the Hong Kong overnight quote to a 6.5850 (last seen +1.5% against […]

The Arab sexual assault in Cologne, Germany, occurred on New Year’s Eve when hundreds of male refugees robbed and carried out sexual assaults against over 100 girls. This illustrates one of the huge problems with allowing such a mass migration of a starkly different culture.   In many parts of the world, Western women are pictured […]

QUESTION: Marty, Thank you for the WEC. The more I reflect on my notes the more I begin to understand you really opened my eyes to see the world much differently. So you said we would go down first and then flip. You also warned that it was not yet conclusive between the Sling Shot […]