I am tired of the manipulation in the gold market and I am really tired of this battle over $1,600 per ounce. With that being said, I am not surprised that it is happening now, because this market is about to get much uglier. The Cypriot deal was the shot across the bow that should [...]
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 [...]
The gold and silver markets are up again today, which is what would be expected with the Cyprus bailout still in limbo. The Russians, the IMF and The European Central Bank are struggling to see which one will end up controlling the bailout of Cyprus and the world’s financial markets are worried about the outcome. [...]
The “Cyprus Experiment” speaks directly to the big lie that all socialist governments are trying to pedal on their “lumpen proletariat”. In this case the Cypriot people have spoken and told their parliament that they are not going to take it in the shorts in order to bail out the big banks. Make no mistake [...]
The IMF has joined forces with The European Central Bank and the European Commission, in an attempt to raise money to finance future bailouts of socialist countries that are “running out of other people’s money”. Unfortunately the IMF is stepping on some pretty big shoes because they are playing in the playground where the KGB [...]
Gold looks to be ready to turn to the upside, because the major support at $1,525 has held solidly. There is still a small chance that the price could once again turn down for another test of the $1525 support level because there are really big interests that do not want gold to start moving [...]
Let’s start with some basics. The same people that are trying to legislate away your Constitutional ” Right To Bear Arms” are now trying to further whittle away your right to own anything of value. The “progressives” (aka: socialist/communists, the lower case is mine because in no way do they deserve an upper case in [...]
Gold has taken a 5% haircut in just a little over three weeks, culminating in the death cross on Friday the 22nd of February. That’s a $100 drop in price which pushed gold below $1,600 per ounce. The death cross, where the down sloping 50 day moving average crosses its down sloping 200 moving day [...]
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