As long as there are people who still believe that the gold market is uniquely manipulated, rather than simply in sync with the world economy, then the sad truth remains that we have not yet seen the bottom of the slide in gold prices just yet. Gold’s weakness led to a brutal sell-off among the […]

It is amazing how government is trying to claim the existence of global warming, simply to introduce a carbon tax. We are entering the 21 year of declining temperatures; not rising temperatures. This is akin to the tax on cigarettes; people smoked less and governments cried that they were losing revenue, causing many places to tax electronic […]

The primary difference between the DOW, S&P 500, and the NASDAQ is capital flows, not what composes each index. All the way up, the DOW was the first to make new highs, with the other two following the DOW’s lead. Now, the cash flows are showing a broader diversification and the S&P 500 is a […]

Trump is hitting very hard, clearly tapping into the emerging anti-establishment politician trend. He bluntly states, “Who do you want negotiating with China? Trump or Bush?” You could expand that to Hillary. Her negotiations amount to how much they are willing to donate to her questionable charity. People setup such charities because they have money to give […]

As you move into a major low, it is not about who is still long, it is who is short. As gold capitulates and spirals lower, the gold promoters are running out of nonsense to justify it rising while the world is declining. What happens is two aspects. Those who have been long lose their shirt, pants, house, wife, […]

CalPERS (California Public Employees’ Retirement System) posted a profit of just 2.4% for its fiscal year (which ended on June 30) that was well below its 7.5% investment target. This is illustrating the crisis emerging in pensions. Even the pensions that were funded are now underfunded because they counted for so long on 8% bond yields. […]

Yesterday, dealers spent most of the day waiting for the Greek vote and then, later in the day, Janet Yellen’s semi-annual HH (Humphrey Hawkins) testimony in front of the House Financial Services Committee. The Greek vote was rather well publicized throughout the day and confirmation that the measures would be accepted should be no huge surprise. With […]

  In 2011, Louisiana became the first state to wage war on CASH, enacting a law called R.S. 37:1866. Politicians made it illegal to purchase anything from a secondhand dealer with cash. Therefore, even going to a garage sale to make a purchase with cash became illegal. A secondhand dealer shall not enter into any cash […]

What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the 1930s. Consequently, some limit the term Long Depression to the worldwide price recession beginning in 1873 and running through the spring of 1879. Six years is not exactly a “long” depression, that in […]

Hours after Hillary Clinton vowed to crackdown on Wall Street, by no means will she reverse what she and her husband did in repealing Glass-Steagall. Hillary’s adviser comes from none other than Goldman Sachs, who some call the modern day Rothschilds. If Hillary is elected, she will be perhaps far more corrupt than just about […]