Interesting day all around… European bonds are weaker from the opening rumors of unwinding the yen carry trade as a result of the stronger JPY (on Abe’s comments) resulting in 10-year bund trading briefly above 1% and the U.S. 10-year note at 2.50%, but then retail appeared and the bounce continued throughout the day – […]

COMMENT: Martin, It has been a long time since ….. has sent out a blog post, but I got one today. When Mr. …. probably first started slamming you for calling the 2011 gold top, his …. was 7.82.  It is now 28 cents, and he is still touting gold as the only real asset and debt as […]

Christine Lagarde, head of the IMF, could be charged with money laundering as she transported more than $10,000 worth of goods without declaring them. Lagarde appeared in New York City wearing French designs in a Chanel dress worth €3000, €6000 for her Hermès handbag, and at least €500 for her Christian Louboutin shoes, bringing the total to about €9500, not counting […]

Turkish elections have resulted in uncertainty, as the share market fell about 8%. President Tayyip Erdogan was hoping for greater power but the people had different ideas. On Sunday, the people dealt a serious blow when the AK Party failed to win an outright majority in a parliamentary election. There will now be a minority government […]

We will soon release Phase One of Socrates this month as was demonstrated at the Solution Conference. Yes, it has taken longer than expected but we had to be sure the transition to the Web Access would work as seamlessly as possible. We will not be able to open up the ability to talk and […]

COMMENT: Hi Marty, I just flew from Germany this week on Lufthansa. Looking for movies in the movie section, I found the The Forecaster movie. To my surprise, it was listed under the Lufthansa recommended movie list! I was so pleased to be able to watch the production. Sad that I had to be in […]

Gold broke to new recent lows in euros, with critical support forming at the 1010 level as deflation continues to crush the economy. The largest ETF fund used to be gold, but now with over $900 million in liquidations in May, the fund fell out of the top 10. So far, so good. It appears we are […]

Thomas J. Hughes, a 29-year-old investment banker allegedly took his life by jumping from a luxury apartment building at 1 West Street in Manhattan last week. Per usual, the NYPD immediately declared it a suicide. Strangely, serious investigations never took place and similar deaths have occurred within the past 18 months all declared suicides. Wall […]

The Daily Mail released the numbers, showing all along that this idea of global warming has been just a natural cycle. London used to be horrible to live in during the summer, when the buses spewed out black exhaust. Today all the buses run on electric or natural gas, and to a large extent, the […]

There is a very curious new development with respect to gold. In many European countries, people can no longer buy retail gold coins for bullion. Shops will buy but no one is selling. Banks that previously offered gold to the public have shut down in Spain. If someone leaves Spain wearing a lot of jewelry, […]