The key problem on a global scale has been the sheer arrogance of government in the Western so called “democratic” regions. People are starting to wake up and realize that we do not live in a democracy but republics and we remain without a voice. Once these people take power, they stop all consultation with […]

In the normal world of capital flows, bonds decline when stocks rise. The talking heads that claim lower interest rates are bullish for stocks once again try to reduce everything to a single cause and effect that applies to a single frame in a long movie. Here we can see that bonds declined when stocks […]

The August 7th turning point is starting to be picked up on our weekly models in many markets. The bounce so far out of the week of 5/20 is flat so far. This tends to warn what will not bounce reverses hard. So we may still be looking at new lows in the metals for […]

One Reader Writes: Yes Europe in their summer,  for those that actually work(ed) in European institutions, the upper management — (parasites – say it the way it is), will take ALL of August off as vacation time (can you imagine 4 weeks!!!!!!!!!!!!!!…I mean WHO in the US gets the luxury of 4 weeks vacation???).  AND […]

The EU is allowing the Austerity measures to subside realizing at last that they are creating major civil unrest. They are backing off and expanding debt to try to prevent a collapse in the civil structure of Europe. Pay attention to Europe this summer. This is why Homeland Security in USA bought 2715 tanks. http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http://deutsche-wirtschafts-nachrichten.de/2013/05/29/eu-in-panik-angst-vor-sozialen-und-politischen-unruhen/

QUESTION: Interested in your comments regarding real estate and capital flows. I live in manila Philippines and the price of property in the financial district makati is quite mind boggling. For a third world country prices for a 2 bedroom condo can be close to 300k usd and for a 3 bedroom edging on close to […]

Behind the dramatic fall in the gold price has been the subject of countless conspiracy theories that all pretty much center on the notion that the entire global economy revolves around gold. The only tangible conspiracy by governments is to hunt down as much cash as they can. The real secret strategy of central banks […]

The Dow Jones Industrials closed at 15303.10 closing below initial support at 15325 yet holding 15125. The primary support lies at 14390. A weekly closing BELOW that level will signal a short-term correction is underway. The nonsense spouted out by domestic analysts that the market has rallied because the Fed easing is just gibberish. Japan […]

The deflationary mode of the world economy is still brewing. We have Europe turning negative and that is impacting China as well. Many areas will be negative into 2020 on a global scale. http://business.financialpost.com/2013/05/23/warning-signs-for-china-as-factory-activity-shrinks-for-first-time-in-7-months/

  JP Morgan, Jr Senate Hearing 1933 A Flash Crash in silver is no different than a flash crash in stocks, bonds, or anything else. It is the same root cause of all panics – the lack of bids. Every  stock market crash ever since 1907 has been followed by an investigation with the theory that […]