Inflation is a monetary event that hardly anyone sees coming until it is entrenched in the monetary system and expanding like a wildfire. It is simply amazing to me, that as science and knowledge progressed rapidly due to the advancements in our computer society, our economic and political philosophies are mired in the past. Where [...]
Money talks and, as we have seen lately, big money talks the loudest! This is true as long as the game is played by the original rules. When things start to get shaky and those in the know sense it (even if they can’t tell what is causing it), they change the rules of the [...]
A funny thing happened on the way to the autopsy table. The patient exhibited a very weak pulse, so we immediately turned the gurney with the body towards the intensive care unit. The ER team is working on the patient as we speak and it looks like, at least for the time being, the patient [...]
Yesterday was truly “Black Friday” for the gold bull market. It appears that the “back” of the gold bull has been broken and the elevator is going down, to the bottom floor, in short order. Perception is the key in the markets and there is blood in the streets and outright panic in the holders [...]
Things are getting curiouser and curiouser, as central banks are doing everything that they can to stop gold from reflecting the debasement of the fiat currencies around the world. It doesn’t surprise me that central banks would try to hide the affects of all the money that they have been creating because they don’t want [...]
Who benefits from the “new normal” which has been created by the Cyprus bail-in? Only time will tell, but it appears to me that the central bankers have opened a door that could very well lead to the exact opposite outcome than the one they were looking for! This could be the straw that breaks [...]
The resource sector, aka the miners, appear to be in the midst of a downtrend that has turned into a capitulation phase. It is important to note that like parabolic rises that forecast major tops, fishing line charts, panic selling and capitulation selling indicate bear market bottoms. Seasoned investors that understand market psychology try to [...]
The news cycle is beginning to move on to the next “big story”, the fate of Italy in the continuing saga of the financial implosion of the Euro-zone. What is being glossed over is probably the biggest story of the decade: the implications of the solution that has been instituted for the Cyprus bailout! The [...]
It looks like the Cyprus bailout has been resolved. That is the good good news. The bad news is that they are going to seize 10% to 40% of the large depositor’s money. Under our dear leader, President Obama, that would be a good thing, because “everyone should pay their fair share”. Unfortunately, in the [...]
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