The 1987 Crash The 1987 Crash also became known as Black Monday referring to Monday October 19th, 1987. It was a fateful day when the US stock market crashed, creating a wave of confusion as capital and government failed to grasp the real underpinnings of currency. The 1987 Crash came precisely to the day on […]

QUESTION: “When you comment on the banks, are you referring to FIDELITY INVESTMENTS?” ANSWER: No. The banks you want to stay away from are the big money center banks in New York that engage in proprietary trading. Although they like to pretend they are smart, they are really trading with inside info. They constantly look […]

The Euro has TWO Daily Bearish Reversals for the close today in New York – 13030 and 13000. A closing beneath these levels should spark a retest of support. Friday is a key day for this week as it is showing up in other markets as well. We need a close ABOVE 13081 on the […]

As always, when it comes to gold, the conspiracy theories lead the way desperately trying to explain why the gold promoters were never wrong, so buy more now to prove they were always right. The stories range from massive short positions of 400 tons but fail to mention to sell that much there had to […]

Senators Sherrod Brown, D-Ohio, and David Vitter, R-Louisiana, have a new bill that would make banks keep much higher levels of capital. With this new agreed upon position among governments that it is the DEPOSITOR who should do his own due-diligence, then the megabanks that trade other people’s money MUST be outlawed PERIOD! There can […]

If anyone ever wondered why you just cannot do business in New York, is is the proof. They illegally trade with client funds, lose a ton of money at J.P. Morgan, outside of New York, if someone steals your money and bet it on red at the roulette table in Vegas, as a matter of […]

The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well. http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/ The problem Bitcoin faces is the same we […]

Resistance for next week will be at the 13007 level. If we close below that today, the Euro will retest the mid 12900 area then move up into the week of 4/15. A close ABOVE 13007 on cash in New York will warn that the rally in the Euro may lead with stops and 13007 […]

Cyprus Proposal  March 27th, 2013, 5:00PM EST Cyprus Proposal   The paramount questions remain:   1)     What is the end-game solution for the Euro? 2)     How will the Euro survive after the Cyprus solution? 3)     What is to be accomplished by staying in the Euro and suffering the indignities Brussels is inflicting upon Cyprus? 4)     […]

A reader wrote: Yes. I am a “silverbug”. I never attacked you since I am a very open minded silverbug not a fanatic. But now the charts and the prices are showing your theory that in the economy, all the big money goes to the dollar  first. So what should be the primary advice for timing […]