The Dow keeps pressing higher as the talking heads keep questioning why. Gold presses lower and Gold is below the 1400 level. A closing below 1402.50 on June today for gold will keep it vulnerable to the downside. If we get to retest the 1321 area, that will be extremely bearish and warn that new […]

The biggest fund in the world was the Japanese Postal Savings Fund in 1989. When we were called in to create a hedging program about 6 months before the high, it was Japanese Ministry of Finance who picked up the phone and asked that they did not do that for if they sold, they would […]

With the dramatic increase in the money supply as illustrated here with the St. Louis Fed Chart, 99% of the people are simply baffled saying – It’s got to be inflationary! But this is like the old TV commercials when Burger King used the little old lady who would look at a competitor’s burger and […]

The negative economic growth in Europe has also spread to Russia. The internal problems within Russia also reflect this growing trend of STAGFLATION. Putin has been trying to blame the World Economy while failing to address reforms that would help Russia reverse course. It will be the rise in the dollar that causes the US […]

We are in one of the most complex conundrums in financial history. On the one hand we have vast amounts of cash that creates tremendous liquidity with interest rates at virtually zero, G7 finance ministers at least alarmed about the high level of liquidity yet it is becoming obvious even to them that monetary policy can not […]

The possibility of a 5-year bear market and the signs that will indicate that trend are covered in detail in the 2013 Metals report. Suffice it to say, just Google dollar devaluation and you get pages upon pages of everyone swearing the dollar must collapse so buy gold. Then look at the Dow. The vast […]

Germany and its austerity policies that have been forced upon the rest of Europe with no sense of how to create economic growth for the future, is now experiencing a interesting side-effect of the Euro. They did create freedom of movement and the right to social benefits throughout Europe as a EU citizens. They did […]

The private sector continues to expand albeit modestly. This is not a long-term trend. The US economy will turn down 2015.75 for a host of reasons, rising dollar, declining sales to Europe and its recession turns into depression. This is what we have been warning about. Not all countries implode at the same time. It […]

ECB openly asserts that the banks must be saved by the depositors – not bailouts. That means the faulty design of the Euro and the utter failure to create a single debt making all bond issues of member states reserve quality forces the political failure of Europe to properly design a monetary system now the […]

QUESTION: In your most recent post you mention dollar demand off setting Fed Printing. But fairly often we hear about new international trade agreements that have excluded the dollar. How does this figure into the equation of dollar demand? ANSWER: Trade agreements are actually irrelevant. That is separate and distinct from reserves and the huge amount of dollar […]