Edward Snowden  is now trapped in transit limbo at a Moscow airport, where he finds himself with no alternative but to accept asylum in Russia. The arrangement is “temporary” but what this affair illustrates more is how government fails to distinguish itself from the nation. Government loves to pretend they are the divine hand of […]

Just as they say there is the calm before the storm, there is always the false move before the breakout. As we approach the midpoint on the Economic Confidence Model August 7th, which is curiously 31.4 days from the low, we should keep in mind that this is the midpoint and not the climax peak. […]

QUESTION: “…the best way to get interest rates up is to have low interest rates” —Fed Chairman Bernanke responding to a Congressional testimony question (not today) And today: FED SAYS IT IS PREPARED TO INCREASE OR REDUCE THE PACE OF PURCHASES. So what about this double talk? What are they trying to do? Where do […]

The mantra of Goldbugs has been that paper money is worthless and only gold is money. That is pretty much like saying the earth is still flat. Money has historically been many things and gold is only one of them. The issue is always the fact that money (regardless of what it is) rises and […]

When I first came out and wrote about the “Club” and how there was an organized group of banks and some hedge funds that targeted individual markets to manipulate, they tried to pretend it was sour grapes. I had even hired Robert Howe who may have been the first African-American analyst in American History. Bob […]

QUESTION: If Europe is imploding, general global economy slowing and there is a liquidity crunch, Why in heaven is the Fed going to start taper in september? Because of political pressure are they going to taper/rise rates and leave the Banks on their own with prop.trading? Has the Fed decided to really clean the system? Thank you […]

The Cyprus Bail-In seems to be coming in as 47.5%. Keep in mind that the loss is due to the banks holding debt from Greece that the EU promised would never happen. The entire European Banking System is at tremendous risk. Aside from the issue of proprietary trading that went sour as in New York, […]

The first window we warned where a low in gold could form was June in the mid 1100 level. We reached that minimum target objective despite all the yelling and screaming about fiat, manipulations, and other nonsense. We are still not out of the woods on gold yet and the primary resistance zone going into […]

Obama’s replacement for Ben Bernanke as Chairman of the US Federal Reserve has been narrowed down to a two-horse race, between Larry Summers and Janet Yellen. Summers was Obama’s chief economic adviser in the aftermath of the sub-prime crisis and Treasury Secretary under President Clinton from 1999-2001. Janet Yellen is a former President of the Federal Reserve […]

President Obama is already posturing to raise taxes again. He is now calling for $1.6 trillion in tax increases. We are headed into a massive black hole and there is not much we are going to be able to do. These politicians are totally out in left field and we may actually see a government […]