Wednesday
March 31, 2010
-
Ireland:
triple (+1,50%) mortgage rise as taxpayers bail out AIB.
This lies completely in the line of what we are
expecting. Interest and mortgage rates will rise first in those
countries with weaker economies and further impact real estate prices.
-
The Dollar had a free
ride on the back of the European problems...but
the pendulum is about to swing in the opposite direction. Forex markets
often behave like brainless sheep...and can swiftly change direction
when a so said believable source published a different kind of news: JP
Morgan says California is of greater danger than Greece. And true it
is...click
here for more...
-
Gene Arensberg's new "Got Gold Report," excerpted
from Brien Lundin's Gold Newsletter, reports that the big
commercial traders are starting to cover short positions in gold.
Arensberg also expresses great satisfaction with last week's hearing on
metals trading by the U.S. Commodity Futures Trading Commission. He
writes that GATA's disclosure of whistleblower Andrew Maguire's
correspondence with the CFTC stole the show.
Tuesday March 30, 2010 - watch out for the
reverse clockwork once the Dollar weakens!
-
Don't
forget Crude Oil and Oil shares.
The sideward and positive consolidation/accumulation
tells us the bull market is still alive. The Oil sector will (as usual)
only come in the spotlight once it starts its upward action...click
here for more...
-
Natural Gas is running into huge support
and is strongly oversold...click
here...
-
Sorry
to disappoint many Britons but the Pound Sterling is not ready to
recover against the Euro...best case scenario we will see a weaker
Dollar.
Monday March 29, 2010 - Markets are slowing
down in expectation of Eastern (next Sunday).
-
France will over the next couple of years probably become a huge bad
surprise and Spain is not doing well either.
While the Spanish real estate park has (at least in some areas) been
modernized as the Real Estate bubble was inflated such was not the case
in France. Southern France is picturesque but apart from wineries and
agriculture it has no industry left whatsoever...click
here for more... The more regulation a country has the harder and
the longer it will take to adjust to the depression and hence the more
damage will be made.
-
North African countries tried it and saw it
did not work. Congested traffic, inadequate
roads, expensive/poor or no parking space, slow traffic, high cost of
liquid energy, toll roads, excessive automobile regulation, poor and/or
expensive means of communication (Internet, mobile phone systems) all
slow down the economic activity and increase its operating cost. [1990
Casablanca (Morocco) already had "Roundabouts" in today's style. Such
are cheaper than traffic lights but are also choking traffic].
-
The Dollar
is finally correcting and last Friday we had a Bearish Key reversal...click
here...
-
The candle chart of the
Bank index
shows a technical reversal pattern...click
here
Saturday March 27, 2010
-
World Stock markets
are overbought. We have clear
indications a correction is imminent. If the correlation mechanism is
correct, expect the financial clockwork to reverse its action. Stock
markets will come down together with the US Dollar, the Euro will
strengthen and so will Gold,
Silver, Crude Oil,
Copper (copper has built an
schoolbook technical pattern)
-
The 30 year Treasury Bonds and the British
Gilts are dangerously close to break through
their support line...click here
Friday March 26, 2010
-
The HUI (Gold
bugs index) hasn't broken its bull trend....click
here...
-
SA Banks cut prime lending rates. Commercial
banks FNB, Nedbank, Standard Bank as well as Absa have all announced
they will cut their prime lending rates by 0.5% from 10.5% to 10%.
-
Real Estate is a
dead duck and it will take until 2033 until we see the bottom!
Real Estate is a High
order capital good and during a recession/depression it behaves in a
completely different way than Low Order Consumer goods.
A compete Real Estate
cycle takes 76 years before completion: prices go up during 50 years and
come down for 26 years. The next bottom is expected in 2033. Important is
to understand the depression reduces the demand for real estate and that
it always takes a certain time before sufficient capital is saved which will
create fresh demand for RE.
The 1st part of
the down leg is characterized by denial. People are incorrectly convinced
the deflating bubble is just one of the small cyclical dips they
experienced during the bull cycle. Expressed in nominal terms it is not
sure the top of a future boom will be higher than the top of the previous
cycle. Rents typically come down in sequence. The move over supply crated
during the time the bubble was inflated, the more rents come down during
the bust (because of the abundant supply)
-
A lot of noise, volatility but no trend
change for Gold and Silver, nor for the Euro/Dollar.
Your
emotions and what the brainless talking heads are trying to make you
believe are dangerous for the health of your savings.
-
Today is Friday and 4 more banks were closed down in the USA:
Desert
Hills Bank, Phoenix, AZ Unity
National Bank, Cartersville, GA Key
West Bank, Key West, FL
McIntosh Commercial Bank, Carrolton, GA
-
The push back of Gold above the $1,100 level
and back into the former
trading range between $1,130 on the top and $1,100 on the bottom is
friendly as it indicates that bears were either unable to press the
market down much lower after it bounced into the lower limit of the
triangle.
Thursday March 25, 2010
The
real canaries in the coalmines:
They
were an early warning of carbon monoxide gas which was a silent
killer being odorless. Miners who died from this exhibited the
characteristic cherry red colored skin caused by the CO forming a
strong bond to the hemoglobin in the blood & thus leaving it unable
to carry the oxygen necessary for life. At school in a mining valley
in Wales in the sixties, our chemistry teacher, who had worked
underground, told us haunting details like these which have stayed
with me much longer than the chemistry has. The methane in the
mines, known as 'fire
damp'
was an explosion risk and it was these explosions that caused most
large scale mine disasters up until the National Coal Board was
formed and started spending money on mine safety."
-
It
is not a question of will long-dated bond yields rise? Instead, it is
a question of when will they rise?
The slide of US-BONDS
over the last couple of days really starts to be scary....and these
are the canaries in the mine shaft for HYPERINFLATION.
-
The
Euro breaks below the psychological
$1.35
and
a countermanding upward dynamic would now be required to question
scope some additional downside. Having said this, the weakness
of the Euro is not really a problem for our subscribers who were
informed (Investment roster) that the Aussie, Canadian Dollar, Swiss
Franc and South-African Rand were better off.
-
Politicians must understand it is
absolutely impossible to reflate the Real Estate bubble.
Whatever is said
and written, the bubble is and will be deflating until 2033...click
here for more...
-
Only in South Africa -
The
Return of the 100% home loan.
Banks are again giving
mortgages without requiring a deposit, with Absa even prepared to fund
110% of a property's price.
-
Gold
still sits in a Bull run and we expect that it will glitter again
soon...click
here... GLD (the Gold
ETF) gave a nice signal today. And
$-Silver has also fallen back on
the bottom of its triangle.
-
China and the United
States may be on a collision course
over Beijing’s insistence
that it will not allow the value of the Renminbi (RMB) to rise. Off
course not. They would be idiots to do so. Chinese know this is a game
of WORTHLESS FIAT money and the know that the WEST (Europe and the US)
are reading Karl Marx. Now that the world manufacturing unit has been
moved to China because of stupid western politics, they will anything
in their power to keep it under their control.
-
Health care or more
Karl Marx:
With the passage of the
legislation allowing the federal government to take control of the
medical care system of the United States, a major turning point has
been reached in the dismantling of the values and institutions of
America. Health care will become a
massive transfer of crucial decisions from millions of doctors and
patients to Washington bureaucrats.
-
Scary and unbelievable
so many people still 'BELIEVE' the economy is going to repair itself!?
Such is impossible as long as unemployment keeps rising and we have a
consumer driven economy.
Try telling that to the
“Dollar is a safe haven” crowd. The financial difficulties that the
states, counties and municipalities are experiencing is sooner rather
than later going to become an issue for the Dollar to contend with. If
that were not enough,
the amount of indebtedness that the US has now incurred is
mathematically impossible to repay without a currency devaluation. The
British Pound has always been the Canary in the mineshaft for the US
dollar and this time won't be different! Also the CDS
(Credit Default Swap) market is telling a different story...click
here...
Wednesday March 24, 2010 - Trading ranges
all over - Price will go up when time has come = patience!
-
The
FPigs are barely alive. (add France) After
Greece Fitch Ratings agency says it has downgraded Portugal's
sovereign debt by one notch and this has off course an impact on the
Dollar/Euro.
Expect to see this happening over and over again all over the Western
World both in Europe and in the USA...Jim's
formula is alive and well and last year we already warned about
this problem. The logic result of this indebtedness will be a
crash on the Bond markets.
The most dangerous part of the
non-American Reserve/Treasury bank holdings is the US dollar. \
-
Gold,
Silver,
Gold and Silver mines, the Dollar and the Euro are confined to their
trading zones. The Euro continues to hover
precipitously above major chart support below the 1.35 level. It has
been holding with the result that the Dollar cannot muster enough upside
strength to take out 81.50 on the Dollar index. This range bound
activity in the Forex markets has been affecting gold which while higher
today, is still effectively contained in a range as well. Euro gold
remains very firm holding above the €800 level. Gold priced in British
Pound terms is also strong holding above the €700 level. Crude oil is
stuck between $83 on the upside and $79 on the downside and similar
conditions occur for Copper. Platinum and Palladium continue to make new
highs.
-
The Swiss franc
surges to a record against the Euro but is really not worth a
cent more...check Gold expressed in Swiss Franc and
you will see for yourself...click here...
-
Sooner of later the EU will fall apart and it will be good for
Europe. Likewise the USA will fall apart like the USSR did in 1989 and
it will be good for the Americans.
-
In the fiat money era all governments are currency manipulators at
some point, usually via excessive printing and periodic jawboning.
By excessive printing they create the very demand for
Real Assets (Low order consumer goods only) and barbaric Gold and
Silver. Volatility is increasing but as long as we do not have a clear
indication of a trend reversal on the Euro/Dollar we won't change our
opinion. Having said this, it is now more than ever extremely
important to watch the relationship between all Fiat currencies and
Barbaric Gold. For the same
reason it is also extremely important you DON'T act without making your
home work first.
-
Our candle chart for 30 year US Bonds shows a completed formation and
a break-down gap...click here...
-
Bank and Financial
shares are heavily weighted in most stock market indexes
and the Bank Index is not only overbought but also
running into resistance. Better be careful!
-
Who cares the Euro is somewhat weaker as long
as €-Gold stays in its bull run!
Tuesday March 23, 2010 - The world has become a
big circus and the politicians are the best paid clowns!...but the
people start to revolt and in the end the politicians will pay a high
price for their mismanagement.
-
Obama
signs massive health care bill and it seems that the politicians will
finally succeed in controlling the second biggest sector in the USA
(the largest being Defense). At the same time 12 states are filing
lawsuits against the mandatory insurance. Important for non American
readers is to know that overseas the US Health Care bill is pictured in
a completely different (and often incorrect) way it is pictured in
the USA...click
here for more... It's going to be great for the
uninsured...like XMas...You know, no worry about the Health care
bills... Next comes the US money machine of Global Warming or
will they notice what is happening in France where President Nicolas
Sarkozy Tuesday scrapped the country's proposed carbon tax...click
here for more...
-
World Stock markets are an example by excellence that there is a
disconnect between the fundamentals and the markets
in a similar way we had a disconnect between the economy in Zimbabwe and
the local economy. Equities are REAL ASSETS and a lot safer than
Fiat Paper money and Bonds which are nothing else but an option to buy
fiat paper money.
-
Any investor buying Bonds must be aware
he's buying an investment vehicle at record levels
in a same way real estate investors were buying houses at
record levels in 2006. Bonds are just like Fiat Paper money not even
worth the ink and the paper they have been printed on and their quantity
is being multiplied daily by hitting ENTER.! The day Bonds break through
there neckline part of the Herd will be killed as it will scramble to
get out at the same time through a gate which is way too small.
Monday March 22, 2010 -
The World is round but only those which have
traveled around it know this for sure. All others can do nothing else
but 'believe' what is being told...
It is mind boggling that so many people just 'believe'
whatever is said by the talking heads which very often have never
traveled around the world themselves. Static never stops....and this
is one of the reasons for today's volatile markets. Intra day and
short term fluctuations most of the time resemble to a Casino where luck
decides about your loss or profit instead of Brains. The fundamental
forces behind the price of Gold, Silver, Equities, Bonds and Fiat Forex
however don't change overnight. Timing is the most difficult part
of investing for most of the time all actors have been in place before a
'fait divers' make it all happen.
Friday March 19, 2010 -
Inflationism
is a slippery road – the road to hyperinflation. The inflationist
Bernanke Fed behaves as if they would not be “dialling back” from
Quantitative Easing any time soon. They talk the talk, but can’t walk
the walk. The inflationary genie is out of the bottle. Taming it back
will result in a crushing deflationary collapse. The Fed will never let
this happen again. They did it once during the Great Depression, they
won’t do it again.
The economic crisis is well under
way. However, there are major differences in predicting how the crisis
will end. Yes, “under way”, because most people still think that we will
be soon coming out of the crisis, may be even within a couple of months.
Economic philosophizers still prognosticate that the economic boom is
about re-emerge. Many in the Establishment even declare that the crisis
is over. They forecast business as usual – the resurrection of the
consumption-based economy, only if the banks were to start loaning
again. Unfortunately, this will be impossible.
(Krassimir Petrov)
The longer the accumulation lasts, the stronger the bull and bear run
once it breaks out of the trading zone! Price will go up or come down when
the time has come (Gann)
-
Gold (but also silver and the Dollar/Euro) is stuck in a range trade
with a bit of a higher bias to it as downside support thus far remains
firm with the upside continuing to be capped by bullion bank selling at
or near $1,130.
-
The Dollar which is stuck in a range
but cannot seem to muster any enthusiasm for a downside
breakout. Every single time it moves into the zone near and just below
the 80 level, the volume dries up indicating that the trade simply does
not want to take it lower.
-
Gold and Silver mines are following exactly the same pattern...click
here for more...
-
Today is Friday and only 7 American banks had to close down...but
"all is well Mme le Marquise"! State
Bank of Aurora, Aurora, MN, First
Lowndes Bank, Fort Deposit, AL ,
Bank of Hiawassee, Hiawassee, GA
Appalachian
Community Bank, Ellijay, GA ,
Advanta Bank Corp., Draper, UT ,
Century Security Bank, Duluth, GA
American
National Bank, Parma, OH
-
The Pendulum is hovering over the EU. After
Greece, expect Spain and Portugal to hit the front
pages. In the mean time California, Massachusetts,
Illinois, Ohio, North Carolina, New York and 34 other
American states receive some kind of relief...
-
In California foreclosures are up 29% and Florida courts are choking
with foreclosure cases and Florida courts request $
9.6 million just to help to cleanse the system...click
here...
-
And the Reserve Bank of India also rises interest rates.
The direction for interest rates has been set and UP it is!...click
here...
Thursday March 18, 2010.
-
We
know why we don't like bank shares:
March 17 (Bloomberg) --
Deutsche Bank AG, JPMorgan Chase & Co.,
UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were
charged with fraud linked to the sale of derivatives to the City of
Milan...click
here for the details...
-
What we wrote about the Dollar months
ago still applies and over the past weeks the fundamentals moved even
more against the 'Dead Dollar Walking'.
The
Central banks will continue to do all within their power to keep the
mirrors and the smoke curtains up to avoid the Herd sees the Emperor has
no clothes. They always have and always will (prior to the forced
introduction of the Euro I lived this scenario multiple times). The big
advantage is that it gives the Intelligent Investor more time to protect
his savings...and he'd better wisely use this time for once the trap
closes, there will be no mercy.
-
What we wrote about the
Dollar we also wrote for months about the British Pound before the 30%
de facto devaluation came into effect. Only
the Intelligent Investors were able to escape a 30% cut of their net
worth. Those who stayed invested in Real Estate are stuck and will loose
even more...Real Estate is just the wrong kind of Real Assets (High
Order Capital Goods).
-
It's all
for your safety! You don't realize how much Government loves you:
Body scanners at airports, speed limits on the roads, control of your
bank operations to ensure you don't get polluted by money laundry,
taxation for social security so you will be able to survive when your
old (social security and pension funds are empty), digitalization of
securities (so your physical bonds, equities and other valuable don't
get stolen or lost in case your home burns down). A poll
shows 89% of the Belgian population has lost trust in the Belgian
politicians. The remaining 17% are probably the politicians self.
Wednesday
March 17, 2010
-
The
wild card remains the Middle-East, Pakistan and Afghanistan and there is
no doubt something dangerous is brewing.
The US is making preparations for a pre-emptive strike on Iran or some
other Eastern destination. Although one would doubt that the US would 'go it alone,'
one has to question whether or not they would act in support of a
pre-emptive strike by Israel on Iranian nuclear facilities. Although
this news piece assumes Iran is the target, other easterly destinations
come to mind in the vicinity of Afghanistan. The implications of such a
strike on the world financial and commodity markets is obvious, and
bears careful watching. I would doubt the US would circumvent a
discussion at the United Nations. Even George W had to at least pay lip
service to international support prior to his attack on Iraq. [Jesse's
Cafe Amèricain]
-
Crude Oil expressed in
Euro is confirming the move of Crude Oil expressed in Dollar...click
here..
-
Excellent behavior of
Gold and
Silver as they bounce of their 50 day
Moving Average.
-
Bonds are
dangerously hovering around their neck and/or support line.
The Treasury Department said Monday that China's holdings
dipped by $5.8 billion to $889 billion in January compared with
December. Japan, the second-largest foreign holder of U.S. government
debt, also trimmed its holdings but by a much smaller $300 million, to
$765.4 billion...see Bond
fundamentals... We have no doubt and the US and the
European Authorities are selling their mothers and children in order to
keep interest rates as low as possible. This -at least- provides some
sense of false security to many consumers and CEO's which don't
understand this FALSE SIGNAL is extremely dangerous to their financial
health. In the end the MARKETS will decide which way the interest rates
will go...and there is NO DOUBT it will be up!
-
Investors who decide to stay in Bonds
will loose even more than those who understand
Equities are safer.
World Stock markets don't let a lot of room for doubt
about this statement.
-
The U.S. dollar index is toying will
critical up trend support. Our charts leave little
doubt as they clearly show the correction has stalled in the top part of
the trend channel...click here
-
Gresham's law live in Argentina makes me
think about the days where residents of European countries
(Greece, Spain) used Post stamps instead of coins (because the coins had
disappeared)...The Argentina coin shortage is
growing as inflation makes a coin's metal worth more than its face
value. Despite Argentine President Cristina Fernández de Kirchner’s
promise more than a year ago to introduce electronic bus tickets in
Buenos Aires, the vast majority of the capital’s bus lines still only
accepts coins. This would not be such a big deal if not for the fact
that Argentina has had a coin shortage for more than three years. The
crisis has turned normally mundane tasks – like buying a newspaper or a
snack – into a big hassle.
-
The Canadian Dollar is about to reach
parity with the US-Dollar...click
here... and the British Pound is trying to reach parity with
the Euro...click here...
-
Communicating
financial vessels: Yes, we know the economy sucks and we are sliding
into a Depression...and yet World Stock markets
continue to respond to the Quantitative Easing
and it becomes clear the Zimbabwe effect is pushing up markets or it
ain't the price of the Equities (real assets) going up but rather the
value of Fiat Paper money coming down. But what sense does it make
to invest into Equities which are sitting in a Secular Bear market trend
when expressed in Real Money or Gold.
-
At this point
we have more clarity about the behavior of
World Stock Markets
expressed in Fiat Money and we have deleted one of the potential
scenario's.
-
Charts in the section
Financials
have been updated...click
here...
Tuesday March 16, 2010
-
This
is one American state which has decided to accept barbaric Silver as
payment...click
here for more...
-
Honestly, I am getting sick of this
double dip recession talk.
I also wonder who
invented the term 'Double dip recession'? Probably the same people who
invented the terms: Negative inflation, disinflation, etc...We're
already in a depression and I really don't see how one can define what
we are going to experience as a 'Double Dip"!? Propaganda, ignorance,
stupidity?...double
dip recession believers must click here....
-
Real Estate will be out
of fashion until 2033.
I
understand many entrepreneurs are being misled by Fractional Reserve
Banking, the creation of Fiat Money out of thin air and the artificial
low interest rates. Ultimately they will pay a high price for their
belief...[ This is what
many people think: I am not an economist, nor an
estate agent or financial advisor; However, housing prices in this
country are completely over inflated and this makes them unaffordable]
-
There is not the
slightest doubt the Dollar remains bearish (is no safe heaven) and Gold
and Silver bullish. This statement
applies to all world Residents and all Fiat paper money holders. Our
Point and Figure charts are clear and straightforward...The
dollar finally reached our key resistance level of 81..click
here...
-
The longer Gold sits in
the present trading range, the stronger the move will be once it breaks
out of it.
-
Crude Oil is playing the
game of Three taps and a Breakout/breakdown...click
here...
Having said this, don't
forget natural Gas...click
here
-
Interesting chart and
comment in the section Bond fundamentals...click
here...
Monday March 15, 2010 - not
only the Dollar, but also the Euro and other Fiat Paper currencies are
about to come home to roost! It makes absolutely no sense to jump out of
the Dollar into the Euro or out of the Euro into the British pound...
-
Thanks
to the Talking Heads the Herd is almost always running into the wrong
direction. Ironically it is the HERD who
makes the extreme prices. Real Estate was and is a good example and
Bonds are another example by excellence. The month of
February saw the biggest US government budget deficit ever of $ 2
trillion and Bonds are just off their historic peaks!? At the
mean time China and Japan are selling part of their US-Treasury holdings
and Dollars. Before
you decide to buy any Dollars don't forget to check our
Dollar-Fundamentals section!
-
Everybody has noticed the hectic about
Greece, country with a similar (ratio to GNP) budget deficit as the USA.
The Greek are locked in by the EU (because of the
Euro they cannot devaluate their currency)
but the USA is not. The Dollar can and will be devaluated. Few
people see the dramatic financial problems of the Federal USA, American
states and cities...
-
Talks about double dip recessions are
great but don’t tell the investor what’s gonna happen to the Stock
Markets. It is clear this is a liquidity
driven Bull Run and that markets are extremely overbought and that the
fundamentals aren’t there. This however doesn’t mean the Stock Markets
must necessarily slide into a second down wave. Quantitative Easing and
the Zimbabwe effect can ensure we have at least a sideward action and
once the Hyperinflation kicks in, we could actually see a Dow Jones
industrials of 30,000, 300,000 and higher.
-
Anno 2012 the digitalization of
Securities (bonds, equities) in the EU will be complete.
And the trap will be completely closed. Hiding will
become extremely difficult (if possible at all) and any kind of control,
taxation, moratorium, re-arrangement extremely easy. A click
on
ENTER will be enough to take away all
of your official savings! The only investment
instrument which one will be able to hold without anybody else’s
knowledge will be physical Gold and Silver.
-
And yes, last Friday 3 banks had to
close down in the USA...and all is well
Madame la Marquise.
Worldwide Retail
sales are up, unemployment is down and Real Estate activity is UP...at
least this is what 'the King' wants you to believe.
The
Bank index has
broken out and technically this signals a BUY...however
click here for more...
Saturday March 13, 2010
-
American
states may hold onto tax refunds for months:
40 American states are in such a bad
financial shape that they now even start to postpone tax refunds.
New York, hit with a $9 billion deficit, may
delay $500 million in refunds to keep the state from running out of
cash, says Gov.
David Paterson...click
here for more...
-
Social Democracy, Pillar of US Hegemony in Europe,
Is Dying .
This is an article published by the English
version of the Pravda. Nobody will doubt Russians (the former USSR)
knows what they are talking about as their leaders have read and adopted
Karl Marx for years until 1989 when the USSR went bankrupt overnight...click
here for more...
-
We have little
doubt that the EU won't survive as complex societies never survive
expensive energy.
It is
clear that somehow the huge problems of Greece, Italy, France, Spain and
Portugal will break the back of the Euro. It is however impossible to
tell when this is gonna happen before, after or during the secession of
the USA. The transition will be preceded by an increase in volatility of
the Fiat currency rates. Yesterday the EU and Europe was a dead duck,
today the sentiment has reversed. Or how short term fluctuations
often don't make any sense and act in an absolute illogic way. Better
know what you are doing unless you prefer to head straight for disaster!
-
$-Gold has somewhat been behaving in an
illogic way....but
charts are charts and what they tell hasn't changed a dime...click
here .
As usual we refer to our charts of Gold in
British Pound, Euro,
CanDollar
[has our special
attention -
see investment table],
Yen,
Aussie, SA-Rand
and Swiss if
$-Gold is behaving in a weird way...and you will
change your mind quickly!
-
$-Silver is steady and the candle chart is interesting...click
here... €-Silver looks even better...click
here
-
Once international currency controls are put in place, it
will become impossible to buy Gold and Silver.
Better act now before it's too late. Don't say they won't do it.
They have done it in the past and they will do it again to save their
skin. (or at least they think it will )
Friday March 12, 2010
-
What
is wrong with these Kamikaze politicians creating Social unrest in
Athens, Greece? This is exactly what we expected for
Greece and what can be expected for other countries which will in the
future run into similar problems because Politicians are doing EXACTLY
the opposite of what must be done. These guys are completely
irresponsible! Even J. M. Keynes knew it: you simply DO NOT increase
taxes during an economic downturn unless you want to slaughter what is
left of the economic activity!
-
The EU is absolutely right in limiting Hedge Fund activity in Europe
and Geithner (read Goldman Sachs and his 40 bandits) is absolutely
wrong. The time the USA could control the world
is consumed by stupid greed, debt and irresponsible financial
policies...click
here for more...
-
Will the Canadian loonie end up being a
better Fiat Currency than the US-Dollar!? Our PF
charts leave a clear and distinct answer...click
here...
-
JP Morgan and Citigroup 'had part in Lehman failure'! Off course
they had and it was 'the perfect murder'...It is no
secret that JPMorgan played a vicious role during the Great Depression
of the 30's...click
here for more...
-
Europe's banks brace for UK debt crisis.
UniCredit has alerted investors in a client note that Britain is at
serious risk of a bond market and sterling debacle and faces even more
intractable budget woes than Greece.
One has to be blind and deaf to
hold on to BRITISH GILTS (BONDS)
-
BONDS will
signal when Hyperinflation ignites. The mixture is
ready (Quantitative Easing) and we only need to wait until something or
somebody lights the fuse...click
here for more... The day the fuse burns, Gold and Silver will go
parabolic and those who don't buy any now will be left empty handed.
This is as fast as it will go! So remember that it doesn't make sense to
buy Gold and Silver if you don't take physical delivery. Those who
decide to keep Bonds will loose their savings in no time!
-
For those who keep trusting Banks (an average of 4 have to close down
each week in the USA), just check this list of +400
US Banks which are in deep trouble before you decide to buy
Bank/Financial shares...click
here
-
According to the talking Heads, markets are acting in expectation of
Retail figures which will be published tonight. In
reality these figures have since long been taken into account for by the
financial markets and such statement only adds to the volatility of the
financial markets. Having said this, Retail figures are function of
Inflation and we all know that -expressed in Real figures- they are bad
and will get worse. There is NO WAY we can see a recovery as long as
unemployment figures are rising. And this is exactly what they are
doing.
-
Today the Dollar, the Euro and Gold & Silver are doing exactly what
they are supposed to do. The US Dollar was a dead man
walking 12 and 6 months ago...and the only thing which has changed, is
that it's situation has worsened. Such is -off course- very hard
to understand for those who keep listening to the Static brewed by the
Media and Politicians. The world
is in such a mess that on both sides of the Atlantic they think their
problem is the worst one.
-
It is not hard to understand that down the road we shall have
CURRENCY CONTROLS. Such is an ultimate
instrument to control in- and export of Capital and is used by several
countries as a protection and to avoid a run on the Fiat currency.
It is a system of Financial money and Convertible money. Such
a system is currently used in South-Africa and was used by countries
with weaker economies and currencies in Europe years ago. Examples are
France, Spain and Belgium. Under such a system the exchange rate is
different depending the funds are used for payment of goods or for a
transfer of capital.
Thursday March 11, 2010
-
Abstract figures sometimes don't picture a situation properly.
We all know that
Greece, Italy, France, Spain and Portugal
are in a bad shape. There is however no better lesson than experiencing
this LIFE and when actually traveling through these countries it becomes
obvious that these have an HUGE problem. Locals have unconsciously
adapted and learned to live with the worsening shape their society is
in.
-
Gold is down for two sessions and the whole world is on fire?
Markets are overbought and
oversold, markets do fluctuate and have become increasingly volatile.
Fundamentals haven't changed...neither have the technicals. Be aware the
total market capitalization of the Gold sector is smaller than the
capitalization of Coca-Cola...Be aware there are trillions of
uncontrolled monopoly DERIVATIVES and that they are a handy tool to try
to manipulate the markets in the short run [no market can be manipulated
in the long run]. Having said this, if you were as China planning
to buy the balance of the IMF Gold, would you not at least try to push
down the spot price of Gold before you do?
-
Don't throw you Gold away for Fiat paper money!
Gold is the only money without any liability which can be
stored away out of reach of the Authorities. The Public finances are a
disaster and the Authorities have no alternate but to invent other ways
to tax people in order to survive.
-
The British pound and the Gold chart expressed in Pound is a
schoolbook example of PF charting!...click
here...
Wednesday March 10,2010
-
It is simply impossible for China to make Gold its primary
investment. There simply isn't enough physical gold.
Better watch what the Chinese are doing
(buying large quantities of Gold and promoting Gold as an investment
towards its citizens ans stop reading this kind of 'silly one day
articles which make no sense' . Gold is going to $ 1300, $ 1640
and higher...click
here...
-
The charts in the section Oil Shares have been updated...click
here...
-
The Natural Gas and Coal section has been updated...click
here...
-
The EU and especially Germany seem to understand
Derivatives and Credit Default
Swaps are an unregulated, uncontrolled financial
Atomic bomb which needs to be checked as soon as possible. The
question is whether it is not too late to act?...click
here...
Tuesday March 9, 2010
-
The
1st Tax Heavens were Villa's: A Villa used to be a
self sufficient estate that also became a safe haven from taxation in
the city and who gave birth to Suburbanization as people who could
afford it fled the taxation of the cities (Rome).
-
Normally one could expect
Real Estate to rally with Inflation.
However this is normally not the case once the 78
year long term high has been reached (as it has now). This because
Real Estate will in the future suffer from higher taxation and
contraction in debt. For those who
understand the Public debt is together with the private debt and the
Real Estate crises the main engine behind the actual crisis it all
becomes very different and not rosy at all.
-
World Stock markets were overbought and we have/had a correction.
Our PF charts for the individual markets
and the candle charts picture the potential scenario's.
-
Are we approaching the point with government
bonds where the
assumptions that have carried this once-derided instrument triumphantly
through three decades of consistently good returns need to be discarded?
Remember to sell High and to buy Low...and do you really have
faith in Government and Banks after all what is happening right now? -
Iceland, Dubai, Greece, California, Illinois, Lehman Bros, Bear Stearns,
AIG and an average of 4 US banks closing each weekend. In the
1930’s the US was a creditor and Europe was collapsing in debt. One
Government after another declared a moratorium on its debt and capital
fled from Europe to the USA. In 1944 the US held 76% of the world’s Gold
reserves. Today the USA has become a net debtor and it's Gold holding
has vanished. It has actually moved to China and India. Actually, we can
compare today's shape of the USA with the shape Britain was after the
Great depression. As
a greater proportion of the public realizes the degree of
difficulty that
sovereign debt is in and when you can't depend on your
government paper as a safe haven, that fact puts gold in a much better
light in more people's eyes.
-
And yes the Middle and Far-East (China) is consuming all the west is
saving.
Monday March 8, 2010
-
We have updated the charts in the SA-Rand section....The
SA prime lending rate is 10,50%...click here .
And according to the IMF - Africa [a producer of commodities] is
back from crisis...click
here.
-
We have updated the charts in the
CanDollar section...click
here
-
Check also our charts for the Aussie...click
here
-
Those who are in denial and sticked to the British Pound live a
dramatic experience...click here
to see how one can loose at 30% of his
savings in only 12 month's time. Assuming they are invested in Real
Estate or Bonds the loss is larger.
-
Those who are so sure the Dollar will go
up and the Euro will tank,
could be in for a bad surprise...
-
Gold and Silver Juniors have been updated...click
here for the very interesting charts...
-
The never ending story goes and on...each day as the the US
markets open, Gold is down during the opening...but
only for so long. $ 1125+ 5 x $ 20 = $ 1225
-
OTC
derivatives marketed
out of London killed Iceland so the big wigs of
Iceland see no reason to pay back depositors. The vote was a plausible
denial for those up top in Iceland. Other
than making these instruments a capital crime, as the Chinese have,
there is no stopping them. (J. Sinclair) . ETF and Gold warrant
traders should be aware that in most cases the operation is settled in
CASH and NOT in Gold.
-
Credit default swap OTC derivatives are weapons of real warfare. Credit Default Swaps are like a
car insurance. Instead of buying an insurance for a car you have bought,
you buy an insurance for a Bond you bought. Financial institutions bought
crap Bonds and converted these into AAA Bonds by buying an Credit
default swap. If the insurance fails, what is left is a worthless Bond
..click
here...
-
There are still people which think we are doing nothing more than
promote Barbaric Gold and Silver. To be honest, we
would by far prefer to promote Bonds and ordinary investment vehicles.
The only problem is that our analysis says NO and we have -in the end-
little or no alternatives left.
Saturday March 6, 2010
-
Can
you imagine there are countries in the world with falling tax income,
who battle with budget deficits, have an economic depression and
unemployment but where at the same time
they BY LAW FORBID people to work and/or to open their shops on certain
days?
-
David Kern (Britain) pretends the recession is over!?
Either this guy is a complete idiot or he has Alzheimer
[read what Goebbels said about lies]. The situation in Britain is so bad
they are planning to increase taxes (VAT) on food. When Bread
becomes too expensive they will advise people to eat cake
(Marie-Antoinette, France) or when Pork gets too expensive they will
advise the people to eat Rabbit (Zapatero, Spain)
Raising taxes in a time of
Depression is about the worst that can be done! [chart below is
for the USA...but Britain ain't any better!]...click
here...
-
Our Investment table is
straight foreward
and we try to clearly indicate which instruments are
valid when expressed in Real Barbaric Money and which ones are valid
when expressed in Nominal Fiat Monopoly money.
-
With fixed exchange rates (like in the EU) a devaluation is
impossible and only higher Interest Rates can attract fresh Capital at a
higher cost: after Iceland we see this happening in
Greece and it will happen in other countries as soon as they run into
trouble...Domino, domino...The higher
interest rates will choke any potential economic revival and break the
back of the Real Estate markets. Remember what we wrote months ago: this
is a paradigm shift!
-
The logic of the former paragraph is that the interest rates will
rise first in those countries with the weakest economies
(Iceland, Greece,....) and last in those
countries with the strongest economies (China,
Germany). This will in turn choke the
economies of the weaker countries....or ensure we shall see a complete
disaster of those economies and societies.
-
Oh...we almost forgot to tell that last Friday 'only' 4 Banks were
closed in the USA.
Centennial Bank, Ogden, UT Waterfield
Bank, Germantown, MD
Bank of Illinois, Normal, IL
Sun America Bank, Boca Raton, FL ...but nobody seems to
mind...the news doesn't even hit the Media Headlines!? You think this is
normal?
-
Iceland rejected Bank Payback plan. Iceland banks
go bankrupt, foreign investors loose money and foreign governments push
it so far that they want the Iceland citizen (which has nothing to do
with the whole story in the 1st place) to stand in for the losses of the
foreign investor...immoral and how arrogant Governments are! How twisted
the minds of some people are!?..click
here... If you decide to
invest with a Bank and this bank goes bust, you're the only one to
blame...if you buy bonds of a country (Greece, Britain) and the country
goes belly up and/or the currency of this country is devaluated by 30%
(Britain) , you're the one to blame...
Friday March 5, 2010
-
The
Greek debt is roughly the size of Lehman Bros. So please calm down!
As usual Politicians blame others for the stupidities
they made themselves. Greece is an excellent example. And they use the
problems happening in one country to mask more important ones in another
one (California). The King’s treasury chests are empty! History my
dear, don’t forget to study history…The Greek president Papandreou and
authorities has a lot of guts. First they rob the country, now they
raise taxes and tell those which have been robbed, they will have to pay
even more taxes. Similar scenario’s can be expected all over the Western
world.
The EU has been set on fire in Greece and we expect the fire to expand
to Italy, Spain, Portugal and Ireland tearing apart another political
bureaucratic idea. COMPLEX SOCIETIES NEVER SURVIVE EXPENSIVE ENERGY!
-
A default on
the Greek debt would be excellent for it would punish those who were
stupid enough to lend money to the Government enabling
First of all, it would
punish people stupid enough, or immoral enough, to lend governments
money. They don't deserve to get their money back – they've been
supporting these governments and their bad habits…(Casey)
-
World stock markets are still in
the danger zone, but the coming days will either
bring security and an indication the Zimbabwe
factor is spreading [as we thing it will] or we will see the
start of the second down wave..
-
The bull run in Gold spills over into Treasuries.
Treasuries are right on the cusp of breaching a 30-year trendline.
-
The greatest returns are when a
widely-held belief of investors proves incorrect.
-
The British pound
is more unloved than the Zimbabwe Dollar. The
sterling also fell by more than 1.7 per cent against Zimbabwe’s
much-mocked paper, completing a decline of more than 7 % since the end
of January. Blair, Brown & Co. have cleansed out what was left of the
British Emporium after WWII. Because of taxation and regulation,
production and capital have left the UK for better yielding locations.
Jaguar is now in the hands of an Indian company....click
here for more... Amazing is the fact that British people kept
voting for these political Kamikazes...and that the Herd still doesn't
seem to understand what is going on and tend to blame OTHERS.
-
Jobs are the key….there cannot be any recovery without an increase of
employment. What see today is RISING unemployment and
hence falling consumption all over the Western world.
-
Who are there guys who borrow their way out of debt?
Only politicians and Central bankers are that stupid! Why
do they keep killing the Goose that lays the golden egg?
-
There are $ 204 trillion derivatives. The figure
equals 14 times the American GNP. They are spread over only 5 Banks.
The largest part (85%) is interest rate contracts. This is an
Financial Atomic Bomb!
-
Gold fundamentals have been updated...click
here...
-
South African Rand
rallies against the euro and the dollar.
Subscribers know the Rand has been on our watch list for
some time now...click here for the chart section...
Thursday March 4, 2010
-
March
31, 1960 Ferdinand Peeters, a deeply religious Belgian gynecologic
doctor revealed the results of his research for a birth control pill
before the scientists of
Schering in Berlin. Everything else is history.
Belgium had the 1st railroad system on the continent, great
entrepreneurs (Internet, Solvay, Cockerill), excellent products (beers,
waffles, chocolates, crystal glass, linen, breads and an quality
oriented work force (Volvo, Audi A1, FN). Unfortunately, the local
politicians have over the last decennia been specializing in destroying
the economy and chasing capital away out of a small country which
could have been richer than Switzerland...
-
The Reserve Bank of Australia raised its overnight cash rate by 25
basis points to 4.0% in March 2010. RBA Governor
Glenn Stevens explained, "Interest rates to most borrowers nonetheless
remain lower than average. The Board judges that with growth likely to
be close to trend and inflation close to target over the coming year, it
is appropriate for interest rates to be closer to average." The RBA was
the first major central bank to hike interest rates, raising them in
October 2009.This decision will make all our
subscribers who hold Aussies happy...click here
for the chart section...
-
February 2, 2010 we published a bottom for
Gold had been reached...scroll
down...Ever since 2001 I have been bullish on Gold and Silver [and often
being treated as an idiot and a lunatic...even more when in 2006 I
became bearish on Real Estate]...but this is probably the fate of all
good financial analysts. There is something about a lot of people which
makes them act as being part of a Herd. For some dark reason they prefer
to 'believe' the lies of the Authorities, Banksters and Talking Heads
and/or to live in denial. Initially their advise doesn't cost a dime, in
the end it costs the fortune which is being lost.
-
The US Dollar has - as expected - lost upward momentum...click
here for the $ - chart section... and €-section.
Short term is has broken out of a trading range...not in the
direction the market expected. Interesting for the short term gamblers
is that for the last months each day Gold falls upon opening of the US
markets ...at the same time the Dollar rises against the Euro. But this
could change any day.
Wednesday March 3, 2010
-
Both
Gold and Silver are slowly but surely telling us the Fiat Paper money
system ain't even worth the ink and the paper it is printed on.
After Iceland, we had Dubai, California, Illinois,
Greece, Britain etc...and we are coming extremely close to Debt
Monetization [there is no way they will let Greece down for if they did
the consequences would start a dramatic domino game in the style of
Lehman Bros.
-
Gold mines
will be mining barbaric money even though that concept has never entered
the minds of the major producers. If it had they
would not sell every ounce they mine or hedge anything ever.
-
Yesterday €-Gold
and £-Gold both
hit a new record. Subscribers were warned in time.
One had to be blind not to see it...Just try to imagine what will
happen the day the Dollar weakens!
-
The Dollar/Euro sits in a trading range
with important resistance for the Dollar...see
charts
-
Interesting developments on the PF and candle charts for GLD
(Gold ETF)...see charts
-
Gold is not a
solitary runner. Silver
has also broken out of an ABC correction...click
here for the charts
-
I expect Swiss-Gold to make a fresh all time high today.
The PF is extremely interesting as it clearly shows the
channel borderlines and where Swiss-Gold sits at this time...click
here
-
Charts in the Commodity section have been updated,
rather interesting...click here...
-
We have defined a short to medium term objective for
$-Gold...click
here...Our objective is the result of 3 overlapping patterns:
trend channel, Head and Shoulder pattern and intermediate trend channel.
Tuesday March 2, 2010
-
Gold
is acting like it is in some sort of pressure cooker.
It keeps building up pressure but cannot blow the lid off of the pot.
Eventually it does. Technically we call this a coil. Once the lid blows
off...or the price breaks out of the coil (like today for
£-Gold) a bull or bear run is initiated.
-
All of a Sudden, US Quickly Finds Reason to Delay Troops Withdrawal
from Iraq. Israel distributes new gas masks to
civilians...This could be the action blowing up the golden pressure
cooker...click
here for more...
-
The British pound
suffers sharpest daily fall in more than one year and
Gold
expressed in Sterling has made a new high. The pound fell the most in more
than a year as foreign-exchange markets reacted with shock to the
prospect that a hung parliament will fail to tackle Britain's deficit. ...click
here for more.. If Britain looses its AAA rating the Gilts (British
Treasury bonds could collapse, break through the support [see Bond
section] and force Britain to monetize its debt. Action which will have
Hyperinflationary consequences.
Today we had a breakaway gap on the candle chart of British Pound-Gold!
-
As we wrote earlier, the Bond market and the charts in the
Bond section
are extremely important as they will tell us WHEN the
Hyperinflation will start...as soon as the end of 2010 and not later than
2012. This applies to the USA, the UK and the EU.
-
We have adjusted our Gold position in the section "Investment"
-
We almost forgot. Only two American banks were closed last Friday.
-
Are Darling and the Brits on Speed? This is the time
to CUT TAXES and decrease regulation...not to increase them like the
British Authorities have in mind. Only deregulation and lower taxation
will bring back Capital and Employment back to England. Thatcher
understood this and gave London a special tax status. Whether or not
London is becoming a large laundry house is less important. If London
closes the door to the washing machine, the capital will go elsewhere and
the City suffer even more. Something Britain cannot afford today....click
here for more...
Monday March
1, 2010 - click on the graph to enlarge
-
This
is why it is preferable to buy physical
Gold instead of physical
Silver in West
Europe...click here and
scroll down for more...
-
Do check our short term PF €-Gold chart with objectives....click
here...
-
More Quantitative Easing all over the Western World.
We would publish a similar chart for the Euro and the
British Pound....if only 'they' were not hiding the figures and the
charts even harder than the US does.
-
Gold expressed in Swiss Franc actually gives an excellent picture of the
trend channel...click here and
scroll down for more... The chart clearly
shows where Gold stands and what the bullish objective is.
-
World indexes
have been updated. One stock market index only has
successfully tested its reversal (breakout) level. Other stock
market indexes are still hovering between a bullish Zimbabwe break
through their Down trend line and a fresh down leg...
-
Hyperinflation in the USA, the UK and the EU is possible before the
end of 2010. Governments sit in a catch 22 (only in
December 2009 Trichet said Greece was no problem at all) and all
Governments will keep repeating all will be well...until Hell breaks
loose. Politics is the second oldest profession in the World. At
least the oldest profession has a happy ending. Read how well this
scenario fits today's reality...click
here...
-
For
the stubborn Bond and Treasury
holders/buyers this special chart. [click on it to
enlarge] Bonds dating from the last Depression
still have some collectors value...today's digital bonds will end up
being worth absolutely NOTHING or ZERO!
-
We will one of these publish a similar chart for the stubborn Real
Estate holder. It ain't any better and won't be until
2033!
Friday February 26, 2010
-
If only preserving your savings was so easy as making money.
Not only do you have to find a safe way through a
dangerous labyrinth but during this quest you are continuously bombarded
by false indications and lies. The worst is that the MOPE, STATIC and
LIES is actually produced by the Authorities, Talking Heads, Newspapers
and financial magazines. Madoff is an Altar boy compared to what
you are subject to each day...poor investors. As usual 'The
Herd' will at a certain point and all of a sudden realize 'the Emperor
has no clothes'...but at that time it will be too late to rearrange your
savings. I have experienced this over and over again. My last
experiences dates back from the days just before the Real Estate Crash
started in the US, the Iceland drama and the 30% pre-Pound Sterling
devaluation. I remember that in those days many called (or thought) I
was a pessimist and an idiot.
-
Junior investors/traders still live with the false hope Algorithms,
scalping, trading, buying and selling will make them money
and they use internet trading like a juke Box, an investment simulator
or some Internet game. It only takes so long before they find out there
must be a better and safer way....we offer this for only € 295 per
year! Last year we 'only' made 50% expressed in Nominal Money and we
don't remember the days where we made less than 25%...
-
Many Real Estate
investors still live in denial (the Nile is the
longest river on Earth) refuse to
cut their losses short and switch their assets into an investment
instrument which would actually allow them to get out of the red figures
fast...instead of waiting until 2033 before Real Estate actually stands
out of the death.
-
The Authorities more and more engage into LIES, Window Dressing and
Hiding of the truth. The Fed is loading its balance
sheets with garbage and the ECB is doing exactly the same. The ONLY
difference is that it is even harder to find out what the ECB is
doing...click
here fore more...
Particularly disturbing was the contradiction about China buying HALF of
IMF's Gold: the World Gold council affirmed China wasn't a
realistic candidate but the English version of the Pravda confirmed the
intention of China to buy the Gold.!!!??? This proofs how vicious and
unreliable the Authorities have become...GOT GOLD?
Thursday February 25, 2010
-
All
roads lead to Goldman Sachs. They helped Greece
to falsify the figures like they helped Portugal, Italy
and Ireland. Having said this, the problems of California,
Illinois, Florida, North Carolina and Ohio
(just to name some) are consistently higher than the problems of the
PIGS and PINGUIMS. But such is irrelevant as the odds grow the EU will
collapse as a result of the collapse of the Dollar anyhow.
-
The Euro is fishing for a bottom and
technically has yet to be confirmed. The Euro needs
to continue going sideways for 5-7 trading days and form a base
before there is any indication a bottom has been put in
place. But whether the Euro gets stronger against the Dollar or not is
less important, just as it is less important what the
World Stock markets
will do expressed in Nominal terms.
Only the relationship against
Barbaric Gold is important and as
our charts show, the trend is DOWN in both cases!
-
It’s going to be a great spring, starting any day now, if you are in
the right stuff:
gold and silver mines and
juniors
are at price levels below those when Gold was trading at $ 700 and we
expect great earning figures to be released soon.
-
The Germans felt their system wouldn't collapse, but it took a
wheelbarrow of money to buy a loaf of
bread in the 1930s. The Soviet Union didn't
think their system would collapse, but it did. Ours is capable of
collapsing also.
-
What Bernanke and Trichet are preaching about the
Interest Rates is nothing more but MOPE and LIES, DAMN LIES.
The social security, pension system, Medicare and Global debt (because
of the bailouts private debt is now also becoming public debt) has
reached an astronomical level. In the USA in 1929 the ratio Debt to GNP
was 190%. Today the official figure ranges close to 400% but the real
figure is as high as 800%.
In other words, it has become
impossible for the Authorities to cover it and today one can be 200%
sure that the Financial system will actually crash/collapse taking the
Dollar with it (or vice versa) What we have is a paradigm shift!
-
Best case scenario, in about 5 years from now interest payments will
account for 30% of the tax income.
In reality we think the
situation will reach a dramatic level by 2012 for the simple reason that
the Depression is killing tax income in an exponential way.
-
THE TRAP IS CLOSED: The yield on each additional
invested €/$ has become NEGATIVE. In a system of
fractional reserve banking and
fiat money, the amount of fresh credit/debt/money to pull the
economy out of a recession becomes larger each time a reversal has to be
engineered [Von Mises economics].
We have now reached the point where the GDP return of each
additional invested £/€/$ 1 has become NEGATIVE. In other words, we have
crossed the point of NO RETURN and
the only question left is not
whether but WHEN the system will collapse!...click
here for more This statement takes away ALL questions and
scenario's about mopping up the Quantitative Easing.
-
More social unrest or Greece is a foretaste of what it to happen in
Western Europe and the USA. The Greek population
certainly did not create the crisis they are in right now ....but
they let it happen...click
ere for more...
-
The charts in the Oil
section and
Commodities section have been
updated.
-
Bullish double bottoms with 2 key reversals...click
here to see more of today's impressive
action.
-
The charts of the
Junior mines have been updated.
-
Tip of the month: (click on the chart for the details)
Wednesday February 24, 2010
Are
you an account holder with Citibank!? If so, be advised following
statement is not a joke. [got Gold?]
"Effective April 1, 2010, we reserve the right to
require (7) days advance notice before permitting a withdrawal from all
checking accounts. While we do not currently exercise this right and
have not exercised it in the past, we are required by law to notify you
of this change," Citigroup said on statements received by customers all
over the country.
-
The Financial and economic crisis we are living is for real.
It is no accident Banksters and Authorities are doing all within their
power to keep the system alive because their very lives are involved. For
this reason the odds are the system will collapse overnight wiping out
billions of deposits and savings.
-
Ripley's believe it or not, but in Western Europe, legislation forbids
most businesses to be open on Sundays and not only
forces many to be closed on Mondays but also regulates the business
opening hours. Western Europe is sliding in a depression and yet the
politicians are doing all they can to bring down Employment !?
-
Thank you Mister President! Under the pretext of
reducing Carbon pollution and Global Warming (a political hoax) , maximum
speed on roads is limited and gas is heavily taxed. As a result,
liquid energy consumption has fallen by 3%, refinery plants are closed and
thousand of people loose their jobs!?
-
We haven't seen the bottom of the real estate markets yet!
New home sales in the USA drop 11 percent in January, new
low...click
here for more Worldwide it will get a lot worse before it gets any
better! (the figures were the lowest ever since they started to keep the
figures in 1963)
-
Fundamentally and Technically, the Pound risks a savage (down) reaction
and we could see a run on the Pound sometime
in the near future. Our readers know what we think of the British
politicians and economic decisions...click
here for more... Arrogant
Nigel Farage could not have chosen a worse time to declare Herman Van
Rompuy [the president of the EU] has the charisma of a damn rag and
the looks of low class bank clerk. The question I want to ask, is who are
these British politicians who have ruined Britain in the first place and
sold the British gold at the very bottom of the market in 1999!? I know
these guys are arrogant because they [only] speak English but I would
expect a minimum of manners of one of the politicians who ran Britain into
bankruptcy! Having said this, the end of Nigel's
statement is worth listening to. Democracy in Europe is in grave danger
indeed!
-
All Fiat money is in a race to worth-less-ness. Only gold will protect
your financial position.
-
Ben Bernanke may expect interest rates to stay low for a long time, but
we don't. The Authorities can only control (manipulate)
interest rates for so long and the natural forces of economics will sooner
or later come back with a revenge. Having said this, you can't trust one
word of what these guys are proclaiming.
Tuesday February 23, 2010
-
$-Gold
shows a double top breakout. By doing this it also
breaks out of a bullish flag and moves in symphony with gold and silver
expressed in other monopoly money..
-
Only GOLD and SILVER will be able to keep your savings
during the coming debacle. Investors out of Iceland, Britain, Vietnam,
Zimbabwe,...can testify it really does...For a minute try to
THINK what will happen to Gold expressed in Euro the day the Euro falls
apart!
-
Watch out for a potential HS pattern on the Dollar/Euro chart!
-
The Western world becomes an Asylum run by madmen:
Philips France decides to close a factory because it can
produce elsewhere with less taxation and regulation but a judge rules the
factory to reopen!?
-
Europe is consuming 3% less liquid energy [the East
is over happy to be able to consume the surplus] and Total Oil
is closing refineries. A logic economic decision
any CEO would make to ensure the survival of the company. Decision
which is apparently not understood by the Unions and the Authorities which
are doing all they can to reduce the consumption of liquid energy!?.
What sense does it make to produce something locally which is not
consumed anyhow? Consumption will not come back until "they" stop
Job losses...but such is probable to hard to understand for a certain
class of people which is doing all it can to push the Western World into
the Abyss!
-
We can't repeat it often again in the hope some Politician may read and
understand it (the majority of the People and the
Middle class understands this since long!) but they are reading and
applying Karl Marx and the Western World will for this
reason end as the USSR and China ended in 1989 = BANKRUPT! Who
would ever have dreamed of reading this in a Russian newspaper!? :
The Russian
owners of American companies and industries should look thoughtfully at
this and the option of closing their facilities down and fleeing the land
of the Red as fast as possible. In other words, divest while there is
still value left
click here
for more...
Monday February 22, 2010
-
In the subscriber section we have published the Long term price
objective for $-Silver. This
picture alone is worth more than a silver penny.
-
We have also added a chart with long term
Gold objectives in the subscriber section.
-
When you feel like, do check what Trichet's big mouth effect is on the
€-Crude Oil price.
-
We and other analyst are aware the price of Gold and Silver is
manipulated and suppressed by the central banks.
Important is to know that this kind of action will at a certain point fail
and the longer the price is suppressed the more violent the subsequent
upswing will be! Only with PATIENCE and persistence one can catch a
big fish.
Saturday February 20, 2010 -
Socialism is the philosophy of failure, the creed of ignorance and
preaching of envy.
The West is reading and applying Karl Marx. Now is
not the time to hide or stick your heads in the sand with your investments
as your paper currencies and bonds are BURNING. They will fall victim to
the central bank printing presses and morally and fiscally BANKRUPT
politicians in the social welfare states of the developed world. Pensions
public and private and social contracts are not worth the paper they were
written on as Social Security slides into the red a decade earlier than
forecast and the trust funds have been STOLEN by corrupt public serpents
to buy votes. One by one these promises will be broken and the
“something for nothings” will increasingly become more violent as they
realize they have been had.
Friday February 19, 2010
-
The
line in the sand has been drawn. The US Fed increased the discount rate by
0,25% to 0,75%. Whatever the magicians pretend, nor the
Fed nor the Authorities can control the level of interest rates over a
prolonged period of time. What they can is manipulate them in the short
run. The long term effect of such an action is interest rates
climbing higher and over a longer period of time than if the natural
economic forces were allowed to operate freely. I compare the
market intervening Central Bankers and Authorities as would be magicians
which in the end perish by the very sword they created.
-
Weeks and months ago I warned for this to happen in
2009 Bond crash
and in the subscribers Bond
section. Not only are Bonds (Gilts, Treasuries, Kasbons)
negative yielding instruments but they are also an option to buy worthless
Fiat paper money! [also check our
Bond Fundamentals]
-
Rising interest rates will as a logic result further hammer the
Real Estate Markets
which are already falling apart for other reasons.
-
Only Barbaric investment vehicles like Gold, Silver and Gold and Silver
equities actually love higher interest rates.
-
Today's biggest danger are Structured products, derivatives and similar
uncontrolled and unregulated products which were created (and still are)
by Banksters. They are packed and sold in such a way
that most investors don't even realize they also have these in their
portfolios...until off course an accident happens and they realize the
money is gone....
-
As long as the Political idiots running the West refuse "to understand"
Capital will leave to those countries with less
regulation and taxation, unemployment will keep rising,
Simple it is! Multi nationals as Total and Philips have no choice
but to keep closing down factories in the EU.
-
The EU and the Euro should be happy Blair and the Brits refused to
become an integral part of the EU in 2000. The
British Emporium disappeared after WWI, was whipped again during the Great
Depression and WWII. The Great Depression of the 21st century is about to
break its back...click
here for more...
-
This Friday four American banks were closed: La
Jolla Bank, FSB, La Jolla, CA
George Washington Savings Bank, Orland Park, IL
The La
Coste National Bank, La Coste, TX
Marco
Community Bank, Marco Island, FL
Thursday February 18, 2010
-
Like
Global Warming, Air travel makes it easy to understand how easy it was to
take millions of Jews to the concentration camps. Only
weeks ago a kid with fire crackers in his underpants was stopped or the
circus tents on Airports have become even bigger. One wonders why similar
tents have not been installed in the Underground stations of London or the
Railway stations in Madrid.
-
As expected the news that the IMF will sell the unsold portion of the
400 Tonnes only adds fire to the
Gold run.
-
We have updated our Long Term chart of
the World Stock markets. The exercise of updating
teached us interesting lessons about the potential reorganization of
portfolios. These charts must be looked at together with the charts
of World
Stock markets expressed in Real Money or Gold.
These charts don't let a lot to the imagination.
-
We have added a subdivision with Shadow
statistics and/or recalculated Government statistics.
Charts will be added each time relevant ones can be published.
-
Following slide is a question mark: Why did the
Greek bond market collapse and not the Japanese? Japan is in a worse shape
than Greece is. What about the USA, Italy and the UK? ...click
here for more...
-
Not only do the Authorities bail out the Banksters
(and make all of US pay for the losses) but the European
Politicians expect the Germans and Dutch to work and pay for the mistakes
made by Greeks, Italians and Spanish !? A recipe for a Revolution, social
unrest and revolt against the rulers...The EU cannot and will not survive!
-
American FED increases the discount rate by .25% to 0.75%.
Or the interest rates will not and cannot stay at these
historically low levels for ever...click
here for more... Important is to understand Gold and INTEREST RATES
can and will rise together.
Wednesday February 17, 2010 - as usual, once the
wave starts rolling, there is little to add, except to wish that you enjoy
it to a maximum.
-
Yesterday
saw an All-Time High Euro Gold:
Gold Cartel's 2% Rule Invoked AGAIN. Don't expect them to
give up as soaring Gold would hit the front pages and tell the Herd the
Fiat Paper money they and we are using ain't even worth the ink on the
paper it is printed on. $ 1,108 is an important level for $-Gold!
-
Joe six pack starts to see he's being betrayed and
his anger increases against Politicians and Banksters. Goldman Sachs
headquarters already need special protection and yesterday there was an
explosion before the local Greek JPMorgan offices.
-
Obama plans to invest $ 8 bn in Nuclear plants.
This is one of the first intelligent decisions he made since he became
president of the USA.
-
Israel mulling a spring or summer war: this would
without any doubt influence unemployment in a positive way. World War I
& II cleared the unemployment problems of the depressions preceding
them..click
here for more...
-
Interest rates have no alternate but to go up and
Bonds no alternate but to crash...click
here for more...
-
Our €-gold ,
£-Gold , ZAR-Gold
, Yen-Gold ,
Swiss-Gold ,
Aussie-Gold and
Can-Gold charts
don't let a lot open to imagination. The wise noses
in denial and those who keep listening to the Banksters and politicians
will pay dire for their behavior. We have entered an era of financial
war and strikes below the belt have become part of the daily show.
Something BIG is in the make! The charts of
Gold and Silver
stocks and
Gold and Silver
Juniors are an absolute pleasure for the eye.
-
Crude Oil is
absolutely responding to the previsions of our Point and Figures charts.
-
And...as we expected, the Euro is not crashing against the Dollar
after all....watch the blood on the walls if the Euro gets a little
stronger! But first we must clear the present trading
zone.
Tuesday February 16, 2010
Dow Jones correction could be over as the Zimbabwe effect kicks in
again. Not only do the World Stock markets react
to the Billions of Quantitative
Easing but Authorities have powerful weapons (Uncontrolled
derivatives like CDO's)
Plunge Protection Teams ,
Gold Pool ,
Federal Reserve, Central banks and Exchange equalization funds can
use to manipulate the financial markets. People don't really understand
how the financial markets function and most of the time they only see the
PRICE LEVEL of Commodities, Stocks, Bonds and Currencies....Extremely
dangerous as this sort of action will at some time in the future result in
an uncontrollable crash. For this very reason NOW is the TIME to readjust
and safeguard your investments. The same people have and are
manipulating the price of Gold and Silver like they did it in the past
when Gold could be bought at $ 35....but by doing this they are casting
the sword which is going to destroy them. Remember the total
capitalization of the Gold sector is smaller than the market
capitalization of Coca-Cola. The day the physical Gold market clashes with
the paper Gold market, the price of gold will go nuts!
Monday February 15, 2010 - US and Canadian
markets will be closed on Monday !
-
1. The crisis the Western world is a crisis of Marxism-socialism and
not a crisis of Capitalism.
-
2. Fractional Reserve banking and the creation of fiat money out of
thin air is the very basis of the crisis as it only creates an illusion of
wealth.
-
3. Global warming and Green regulation is nothing but an enormous
waste.
-
4. A stable and decent Monetary system is the basis for a
sustained and sound economic growth.
-
5. We are experiencing a destruction of Capital and the self
destructive credit system.
-
6. Free market enterprise and not a Government controlled society is
the spine a each economic growth.
-
7. The bail out of the 'too big to fail' is about the worst decision
Government could make and it only makes the Depression worse.
-
8. Society has reached a point where the Taxation and Regulation is
about to break the back of the camel.
-
9. The actual crisis will only end once the misallocated funds created
under # 2 have been cleansed out of the system.
Saturday February 13, 2010 - Justice isn't blind,
it's unconscious -
-
Greek deficit + Financial Problems = Quantitative Easing +
higher Gold
-
We added a Shadow statistics section for the USA...click
here for more...
-
$ 5,000 Gold
!? It will according to Welles Wilder, who
has previously been highlighted by publications such as Forbes and
Barron’s for his skill in the markets, reports. His belief was revealed
by another local trader Oli Hille, who trades in New Zealand’s currency
markets, and is currently writing a book, which is to be titled Creating
the Perfect Lifestyle. Mr Hille told the news provider: “He
implies his call is based on the US dollar becoming weaker and weaker
and basically falling out of bed.”
-
Trichet certainly wishes he kept his mouth shut when the
Euro was at $1.52 as the
decline thereafter to his verbal
intervention set the stage for the attack that followed. Having said
this, it shows how the Forex markets are floated by BS, MOPE, Static and
emotion.
-
The government-bond market
in the West is a gigantic Ponzi scheme. Madoff is an
altar boy compared to most governments. Most governments in the
‘developed’ world are drowning in debt, they are running mind-boggling
budget deficits and printing money like there is no tomorrow.
Furthermore, under the guise of quantitative easing, their central banks
are buying their own newly issued debt. High time to get rid of
them if you still have any!
Friday February 12, 2010
-
A
new Crusade is in the make. Propaganda against Iran is
alive and well and so is Iranese propaganda against the West. There is no
doubt in my mind this situation will be used in order to start a War in
the Middle East. Such will come very handy once oil supply is endangered,
unemployment figures get too high and people start te revolt. Israel is
playing a very dangerous role in this play.
-
Gold flies to the
upside, despite relative Euro weakness ... until 2% rule invoked.
This already happened a couple of times and will happen
again...but there is only so much these crooks [we really can't think of
another name to call these guys] can do. Chinese and India won't keep
taking BS as an answer! The USA and the Dollar have signed their
dead sentence. Having said this, Gold and Silver could move in an
explosive way on condition the Dollar continues to be firm. Watch
out as €-Gold breaks through the level as indicated in the subscription
section!...click here for more...
-
Silver follows in
the wake of Gold...click here for
more...
-
Not a single analyst understands why the Euro
was weak yesterday. Double and even triple bottoms are
frequent...especially under the present dramatic short positions. As usual
our charts don't mind the static and nonsense sold by the Talking Heads
and Politicians. The day we call a trend change, you can be sure it
will be a genuine one!
-
Americans Authorities are [for your own safety and
health] just like European authorities in a desperate quest for
money. Cameras have been
installed in different locations in Florida (West Palm beach) to enforce
traffic regulations. Just like in Europe 'they' are walking the road of
more regulation and more taxation. Such a of policy asphyxiates the
economy and normally lasts until either the people revolt or the system
collapses. Nothing to be proud of!...click
here for more...
-
Unless you want to loose your savings, you must STOP listening to the
crap told by the Authorities, Banksters and Talking Heads.
Pure logic it is Sherlock Holmes or time has come to make
your own homework!
-
The Bond markets
(and this includes the US bond market) are
doing exactly what we have been forecasting for weeks now...bad, bad, bad!
-
World indexes are oversold
and we will at least have some relief of the selling
pressure and better markets...and, if the correlation stays, a weaker
Dollar.
-
We are again watching the
Aussie on a daily basis....a surprise could
be in the make.
-
The Fix or Patriotic Retirement Plan: There
recently was an article in the St. Petersburg, Florida Times. The
Business Section asked readers for ideas on: "How Would You Fix the
Economy?" This guy nailed it! The solution is so damn easy I have
serious doubts about the IQ level of all the idiots running the
country....
Dear Mr. President,
Please
find below my suggestion for fixing America’s Economy. Instead of
giving billions of dollars to companies that will squander the money
on lavish parties and unearned bonuses, use the following plan.
There
are about 40 million people over 50 in the work force. Pay them $1
million each severance for early retirement with the following
stipulations:
1)
They MUST retire. Forty million job openings – Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered –
Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage –
Housing Crisis fixed.
It
can’t get any easier than that!!
P.S. –
Mr. President, while you’re at it, make Congress retire on Social
Security and Medicare. I’ll bet both programs would be fixed pronto!
Thursday February 11, 2010
-
Today
Al Gore's dummies are getting a second cold hard lesson.
History books are far more revealing than most people think
and it has always been extremely hazardous to 'BELIEVE' what crooked
politicians try to make you believe. Internet is a great way out...but you
have to make your home work!
-
The EU will not survive. But things are not bad
enough and it is too early for a breakup. They will and can do a lot to
keep it going as long as they can print money without restrictions. The
restriction will come when time has come and we slide into the
Hyperinflationary Depression. In the mean time the rescue plan cold become
a bad surprise for the huge amount of shorters of the
Euro.
-
The Bank of England will resume (continue) Quantitative Easing
and the Pound
slides again. They simply have no other option...click
here for more... [remember the Pound is the
Canary in the mine for the Dollar]
-
The Real Estate
bear market is far from over. We don't expect a bottom
before 2033. Real Estate is a High Order Capital Good and
will suffer tremendously during the coming depression. A second leg down
in US house prices lies dead ahead, with even larger fall is possible in
the UK plus Commercial property is headed towards a debacle in both the US
& the UK. One in five U.S. mortgages were underwater in Q4, real estate
website Zillow.com reported this morning. Home values continued to fall,
marking the 12th consecutive quarter of year-over-year declines. "The
prevalence of markets in or near a double-dip situation shows that we are
not yet at the bottom, in terms of home values," said Stan Humphries,
Zillow chief economist.
-
And US Bonds were down today...doing exactly what our charts predicted.
Wednesday February 10, 2010
-
Wondering why the Euro
is strengthening under the burden of a record of shorts?
Dangerous it remains! It is amazing how misinformed the Herd is and how
well the Authorities keep playing their misleading violins. Technically,
this market is so imbalanced on the long side that the sheer weight of
those stale longs could drop the Dollar several hundred points very
quickly.
-
Financial markets are doing just what we expected....as
we are not in the business of writing financial novels, today we really
not have a lot to add...
-
We don't even feel like commenting the absurdity of Davos,
Switzerland and can't comment about the G7 meeting in Australia as
they locked out all peekers.
-
You have to be blind not to see it: maybe it is
worth mentioning we have a Cup and Handle and a Bullish flag for Natural
Gas...and we have hammer candle sticks, positive divergences and bullish
engulfing candles, positive MACD crossovers and important volume
spikes for many stocks and commodities we follow in the subscriber
section. As usual right now the public is in denial and the Herd
will jump into to game at the top of the market. I haven't seen it
different for the last 35 years...I remember years ago I made a
presentation in Spain telling the audience they had to sell Dollars and
British Pounds and buy Gold...most of them preferred to continue to
listen to their Bankers and did not follow my advice and still don't
believe Gold is going to $ 1,460 and higher....meantime they lost huge
on both the Dollar and Pound and regular stocks and Bonds.
-
If you still think the Authorities and Banksters are telling the
truth, nothing but the truth, read following article
published by DER SPIEGEL....click
here for more....
-
As of May 2010 American Airlines will charge $ 8 for a blanket and a
pillow...no comment.
Tuesday February 9, 2010 - Extremely dangerous
Dollar -
-
We
have a never ever seen record of $ 8 bn short positions against the
Euro.
Figures from the
Chicago Mercantile Exchange, which are often used as a proxy of
hedge fund activity, showed investors had increased their positions
against the euro to record levels in the week to February 2.
Remember the market mostly moves
into the direction where a maximum of participants will he harmed. It is
not hard to imagine what will happen 'IF and ONCE' the trend reverses as
we think it will: there will be blood on the walls! ..click
here for more... [apparently many
investors are unaware of the dramatic financial situation many American
states are in: California, New York, Illinois and 37 other states are
out of control!]
-
We warned our subscribers in time for the dangerous
World Stock Markets...
-
$-
Gold is steady and subscribers know
what our vision is:
-
January 1999 Gold expressed in Brazilian Real
went up from 350 to 600
-
Between 2002 and 2006 Gold expressed in
Venezuelan Bolivars went up from 200,000 to 1700,000
-
January 2010 Gold expressed in Venezuelan
Bolivars went up again from 2500 to 5000 Bolivars.
-
January 2001 the price of Gold in Argentinean
Pesos went up from 300 to 600 in one month time.
-
Iceland saw similar developments and so the did
England in a lesser degree
-
Which country will be next? Japan? the USA?
Monday February 8, 2010
-
At this point any talk about a 'New World Currency' doesn't make any
sense at all. As even the Dollar and the Euro
won't survive because of the fact that
Complex Societies and their
currencies cannot and will not survive expense energy.
-
The Deficit of the
US dollar is almost equal to the deficit
of Greece...and the Dollar correction won't have legs.
As a matter of fact, we are seeing the last Death Cat bounce.
-
California,
Florida, Illinois, Ohio, Michigan, North Carolina, and New Jersey.
Each has a population above 8 million people. Each has had to borrow
more than a billion dollars, so far, to pay claims out of their now
bankrupt unemployment insurance fund. Also, each state currently
registers broad, underemployment above 15% as indicated by the U-6
measure for the States. And finally, each state is a large net
importer of either oil, natural gas, electricity, or all three of
these energy sources.
-
There is not a lot the Central Bankers could do during their meeting in
Australia this past weekend. Except for canceling
Haiti's debt [there was no way they could repay it anyhow...as well show
the world that after all they are not that evil). Hopefully they brought
some good wine, cigars and entertainment. The Financial and Banking
system is rotten to the core and it is too late for salvage.
The only thing left is to lie, is MOPE and BS. The coming
Hyperinflationary depression will proof our vision is correct and Prechter
doesn't understand the basic mechanism of
Inflation, Deflation and
Hyperinflation.
-
During the process of
Hyperinflation Fiat paper money and
Bonds (which are nothing more than an
option to buy worthless fiat paper money) will once more become worthless.
History shows over and over again that people trusting
Government (and Banksters) each time loose all their savings. Last time it
happened was before, during and after World War II. We are about to
live the next time soon!
-
Not that many places to hide. Whether or not the
World Stock markets - EXPRESSED in
NOMINAL terms - will just correct or slide further down. Therefore it is
not really important and it doesn't deserve that we spent a lot of energy
finding out how they will behave. Expressed in Real Money or
Barbaric Gold they will Crash! This is beyond any doubt.
-
American Republicans are pulling the Tea Parties in their camp.
If they succeed the Tea Parties will fail to
bring a fresh political wind to the USA. Having said this, Sarah Palin
could well become the 1st female President of the USA...click
here for more...
-
Farmers protesting higher taxes
blocked the road leading to the Kulata border crossing between Bulgaria
and Greece. Greek
politicians fall into the same idiot abyss Argentina has fallen in. This
is how the stupid politicians lead a country into a revolution and/or War.
Belgian readers hopefully remember Belgian was the result of the
1830 Depression and a revolt because higher taxes were levied on bread.
More taxation and regulation it is...until the people revolt...history
shows this pattern repeating itself over and over again...a pity This time
it won't be different. Politicians never learn from history!
Saturday February 6, 2010
-
The
Dollar index is
bumping into the top boundary of its Bear Market trend line.
A mirror image of Gold and stocks it is. Amazing is to see
that when the Dollar goes up, ALL markets (stock markets,
commodities, gold and silver) come down and vice versa. I don't remember
to have seen this kind of action in the past. Apart from deleveraging
in the 2008 fashion (be aware there is more commercial and private
real estate pain unfolding) one can attribute the actual market behavior
to Manipulation (PPteam, Exchange stabilization fund, ECB, Propaganda,
Mope)
-
EXCELLENT! Right now the Neckline of the huge HS formation for
Gold is being tested.
This action will confirm next short term objective for
$-Gold. Once more our Point and Figures chart for
Gold expressed in Canadian
Dollars is a school book example of what we are seeing
right now for $-Gold. PF charts have been a very reliable tool
during the past 35 years I have been operating on the financial markets.
They rarely give false signals and are excellent in forecasting trend
reversals. Whatever the Authorities and Bankers do, there is very little
they actually can do without the PF charts revealing it.
The least I can say is that the
battle between Gold Bulls and Gold bears is a bloody one and the outcome
will amaze a lot of people!
-
Once more we cannot stress enough how important it is to check our
charts of Gold in Swiss Franc,
Yen, SA-Rand,
Aussie, Euro,
Canadian Dollar and
Pound Sterling....what
we had this week was merely a Gold storm in an American glass!
-
The Euro/Dollar has completed its ABC wave...click
here for more...
-
The Gold and
Silver mines have an important message for the market and for
Gold and Silver. Having said this, markets are very, very
emotional...
-
Markets were extremely emotive only for certain sectors,
but Platinum,
Natural Gas,
Coal, etc...were very steady. This rings a
bell!
-
Yesterday at the closing the PPTeam intervened in the Stock markets.
We wrote it earlier. The Authorities and Banksters
CANNOT allow the markets to crash as it would whipe out what is left of
the Pension funds and would accelerate the meltdown of the financial
system.
-
A Chinese wild card? What 'if' the Chinese central
bank decides to buy the other 200 Tonnes of Gold the IMF has for sale?
-
Vietnam admits rigging the price of Gold as a
currency intervention (Dong). Gold is part of the
economic system in Vietnam, is used to store savings and to buy Real
Estate. The battle of Gold is a battle against the Authorities and
Banksters and a battle they are going to loose. History shows they always
have...you can only lie so long to the people!
-
Lies, lies and more lies...or this is how the Authorities do it:
an small incorrect Unemployment number is published with a
lot of noise....and next the really bad figures come as an appendix or a
correction with no publicity....click
here for more...
-
If politicians had it that easy to convince the Herd that there was
Global Heating, how easy is it to convince the Herd the recovery is around
the corner, the banking system is healthy and Worthless fiat paper money
is still worth something!? With the west wing of the
White House being snowed under, the great global warming hoax has
collapsed...click
here for more...
-
Last but not least, yesterday was Friday and so far only 1 Bank closed
down: 1st
American State Bank of Minnesota, Hancock, MN
Since the beginning of 2009 our
Portfolio grew by 50% expressed in
fiat Dollars/Euro's...and "12,78%" expressed in Real money or Gold.
Important is that we stayed away from CASH and out of Bonds
(Treasuries and Gilts) and we haven't really seen the end of the Bull wave
for our positions. Gold has clearly outperformed most Equities and
this is visible when checking the performance table. Diversification is
preached by Bankers for obvious reasons but is not always a good thing!!!!
Goldonomic, Florida, USA -
+1
(772)-905-2491 |