Gold has been on the move to Europe causing the COMEX inventory to decline. While the inventory level is one thing the market manipulators play with to get everyone excited, it is normally associated with manipulation attempts and changes in real actual trends. The Buffett Silver Rally was touted the same way. He bought silver […]

What part of Marxism do these politicians fail to understand? The problem seems to stem from the fact that most are lawyers. They know how to write laws and contracts, but most are totally ignorant of the real world.One of the most disrespectful lawyers ignorant of the real world was Samuel Untermyer, who was the Attorney for […]

The primary conflict that Thatcher had was the pro-European movement. The overwhelming majority of her own government wanted to go into the Euro. She stood her ground and because of her, she saved Britain from the Euro. “We have not successfully rolled back the frontiers of the state in Britain, only to see them re-imposed […]

The only lesson politicians learned from the Great Depression was the benefits of free trade. Following President Obama’s State of the Union, the United States and the European Union announced their intentions to begin negotiations on the US-EU trade agreement. Yet at the same time, they are tracking every penny moving out of the country […]

Cyprus joined the EU when the bloc launched its “big bang” expansion, opening the door to 10 mostly ex communist countries in 2004, which then swapped their individual currencies for euros a few years later. However, unlike Greece or the rest of Southern Europe, the banks in Cyprus suffered heavy losses due to large Greek bond […]

The Euro closed at 5PM NY Time at 12994 2 ticks below the closing resistance target of 12996. The Euro will find resistance at 13007 early next week with support at 12845. Initial support will be at 12954 level where we should see the Euro retest. Nevertheless, a high the week of 4/15 still suggests […]

Resistance for next week will be at the 13007 level. If we close below that today, the Euro will retest the mid 12900 area then move up into the week of 4/15. A close ABOVE 13007 on cash in New York will warn that the rally in the Euro may lead with stops and 13007 […]

The Daily Bullish in the cash Euro for today’s close are 12977 and 13134. The Weekly Bullish are 13134 and 13433. This corresponds with the top of the technical channels. The monthly levels also show the first resistance at 13140 and 13370. We also have some closing resistance technically at 12996. The Euro on the momentum […]

In terms of currency structure, China’s debt in U.S. dollars accounted for 77.83 percent of the outstanding registered external debt. Debt in euros accounted for 6.58 percent, while debt in Japanese yen was 7.37 percent.

Next two weeks remain the cyclical target for a turning point. After making a new intraday low at 12744, the Euro is a bit over done and should rally back to retest the Monthly resistance at the 12975-13030 followed by 13106. We need to see a daily closing above 12977 to stabilize the Euro for […]