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!
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 moreThis 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...
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 moreWorldwide 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) reactionand 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 leftclick 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...
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 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...
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.
$ 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 tohis 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...
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 Easingand 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!]
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!
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...
Yes,
I know many have been sitting on the tip of their chair all day long...and
yesterday was as crazy as it gets...but remember corrections are swift
and violent and what we had was too much and too fast or a perfect
sell-off climax. A lot of sense it makes as the objective for
the
Dollar index has been reached.
Having said this nor the fundamentals nor the technicals make us change
our point of view...on the contrary! I advise non-believers to go out
and try to buy Gold and Silver with physical delivery and see how
hard it is to get some!!!
Once the
Dollar
tanks, most Western world currencies will tank
as these are Fiat Paper Money backed by worthless fiat
Dollars. Thank you Prime Minister, Senator and Congressman and woman for
a job well done. Not only will Fiat Paper money become worthless, but so
will most Bonds, debt instruments, structures products, ETF's,.... Our PF charts for the
Dollar index and the
Euro are
extremely helpful during the turmoil we have today! What ever happens,
one must never forget these are fluctuations of worthless FIAT PAPER
MONEY and that in the end they ALL will become worthless. One REAL
BARBARIC MONEY will survive. History is the very proof of it.
Make sure you get physical
Gold into your hands!!! The absence of
gold in London requires extraordinary tactics to settle contracts and to
obtain gold bullion. Red tape procedures delay delivery for individuals,
and bribes accompany gold delivery demands as standard practice. The
London Bullion Market Assn has almost zero gold, its supply having been
drained in high volumes since early December, a process currently in
acceleration. The paper and physical
gold markets currently operate in parallel universes. The outflow of
physical metal from bank vaults is happening at a mind bending pace."
We are truly approaching a climax event as gold metal has exited the
London market.
Each dip in the price of
Gold and
Silver is an
opportunity to buy more and ASK PHYSICAL DELIVERY. Under NO
CONDITION one should BUY and/or hold PAPER GOLD !!!!
Our trend channels of Gold expressed in Dollar, Euro, Swiss, Aussie,
Loonie, Yen and Sterling are still ok. Having said
this, Gold did well until the close of the London Metal Exchange. The
COMEX took over and slashed it by $ 40. If Gold is an unimportant
Barbaric metal, why then don't they leave it alone?
This is Round one: California, New York, Michigan,
Illinois and Pennsylvania versus Greece, Portugal and Spain The
game is shows a lot of Mope, BS, lies, market manipulation and EMOTION.
The open option remains to sell all of your Gold and Silver bullion,
Gold and Silver mines and invest the result into negative yielding US
Dollar denominated Treasuries. or go for Greek, Portuguese or Spanish
government Bonds..[or how crazy stupid such a panic run gets!]
Advisable is to make your home work, and keep your head and
savings clear. Having said this, I don't remember to have ever
experienced in the past this kind of hectic irrational and volatile
market behavior. But there is no doubt in my mind Gold is to hit $
1,300 and $ 1,460 next before it will go parabolic.
Thursday February 4, 2010
This
is becoming the USSA: they read and apply Karl Marx and
like the EU, the UK, Venezuela, and many other countries they are doing
exactly what needs to be done to ruin the economy and society asap: huge
deficits and huge government spending, fiat paper money (trillions of
quantitative easing) big-government with more and more people employed by
the Government. The latter comes very handy as it masks unemployment and
secures the position of the Authorities. The largest federal payroll to
hit 2.5 million. Remember that each man or woman employed by government
takes away the job of 3 men and women in the private sector. A disaster it
will be become...click
here for more....Got Gold and Silver?
US debt to hit proposed ceiling by end-February:
Those who still think the
fundamentals [open]
and technicals are wrong must read this
and stop listening to the blown up 'less bad' news and dig just a spade
deeper to find the Real Nasty Reality. Authorities can only pursue their
present actions and stay where they are if the keep window dressing the
reality for the Herd. And this is exactly what they are doing...click
here for more...
What will the
Dollar
do on Friday February 5? The
U.S. may lose 824,000 jobs when the government releases its annual
revision to employment data on Feb. 5, showing the labor market was in
worse shape during the recession than known at the time...click
here for more...
In Europe, after Greece it is the turn of Portugal to stand in the spot
light. Next country will be Spain...click
here for more... Remember last year's song
"Tout va tres bien Madame la Marquise".
This is the Titanic sinking! [in the US, New
York is closing ranks with California]
Yields on 10-year Portuguese bonds jumped
21 basis points yesterday as funds switched their fire to the next
"domino", questioning whether the government of Jose Socrates can
deliver spending cuts without a parliamentary majority. "The lightning
rod has been passed to Portugal: who is next – Spain?" asked Marc
Chandler, from Brown Brothers Harriman.
Each time a country runs into problems, the Yield on Government bonds
soars or the Treasury bondstank.
This is our
2009 Bond crash prediction
on subsequent acts. An expensive lesson for those who
trusted their governments and were holding on to Bonds instead of Gold
and Silver.
Wednesday February 3, 2010 - The magicians have
been at work but an exponentially increasing amount of money is requested
to keep the patient alive! Madness it is...
The
big fear of the markets (and the Authorities) is that we could have a
remake of the 2008 deleveraging. Such certainly is
possible and can happen. Remember it sent most markets down without even a
stop at important technical support levels. Since certain equities ad
sectors have fully recovered. Others have been lagging and are still at a
loss. The FED has however stopped the slide right now by injecting more
billions into the system...Bernanke is buying it all and is hereby
killing the Dollar and the Economy...and making it all A LOT WORSE.
Hyperinflation sits just around the corner...and NOW is the time to get
out of this worthless monopoly money and into REAL MONEY and REAL ASSETS.
We have an important technical signal on the HUI (Gold bugs index)
Candle chart...click here
for more...
Over the past weeks
Juniors have actually performed BETTER
than the larger Gold and Silver mines. Remember we
prefer Juniors to ETF's and other structured Gold and Silver products
which have been created by Banksters [today as it
has become clear these have no morality whatsoever there is really no
reason not the call Bankers this] and are part of
the reason we have fractional reserve Gold. [all charts were
updated to make the shopping easier]
Similar technical signals for the World Stock markets
mayindicate 'the correlation' and the
communicating financial vessels are alive...a follow up is important as
the correction could be over.
Tuesday February 2, 2010
A
spark in the Middle East can ignite the powder can at any time.
We haven't been focusing on the Middle East, Iran and
Afghanistan-Pakistan, but the talking heads and Newspapers clearly tell us
the tension is mounting and all opposing partners (whether it is Israel,
Iran, the USA,...) are arming themselves. One does not has to be an
Einstein to understand how well a War will solve the growing unemployment
problem of the Western world...click
here for more...
Our PF charts for
Gold
expressed in the major currencies nailed the bottom/reversal last Friday.
The next question is whether or not the
Dollar correction has legs left
and how far down the correction on the World Stock markets
will bring general equities down.
I only expect a correction after which the markets will resume their climb
in nominal terms. Somewhere in the future I expect to see a Dow Jones
industrial index of 30,000 and higher! Subscribers will be advised
when time has come and why it will happen. Having said this, we just had
another example Soros and the Prechter club haven't got a clue of the
shape of the actual financial markets...unless off course their intend is
to mislead the investors. We live a financial economic war and anything is
possible. Poor uninformed investors...
The
GLD and
SLV
ETF are indeed handy instruments to define short
term pivot levels for
GoldandSilver.
There is more than the US Dollar in the world.
Assuming the neckline doesn't get tested, this would proof that the impact
of the US Dollar on the world financial markets is decreasing. This is a
logic consequence of the huge problems the USA is running in.
This is another proof you just cannot trust the
Authorities/Politicians: Leaked climate change emails
scientist 'hid' data flaws...click
here for more
Obama budget: Record spending, record deficit: Do you
really think the Dollar can continue its bull run with this kind of
Fundamentals? With 40 states and plenty of municipalities on the brink of
breaking down, with 6 banks going belly up each week? We don't even
mention our technical analyze...click
here for more .In the past we have on many occasions highlighted
the stupidities of the Bush Government. What we did not expect is that the
Obama government would exceed the Bush idiocies...Obama is running the USA
into Hyperinflation and the Dollar straight into the Abyss!
The Finance industry must be the servers of the economy, not the
masters like they are today! By bailing out the too big
to fail, the authorities have become the Bankster's servants and have so
destroyed what was left of the Democracy.
At the latest by the end of this year it will become
impossible for the Authorities and Banksters to window dress the
disastrous shape of the economic reality. Remember the problems
mostly come out of a corner nobody expects. Once the people realize they
have been robbed and that the Authorities made it all worse instead of
better, we shall see social unrest and possibly armed revolt, even in
countries like the USA!
Monday February 1, 2010 - Markets fear the may
see a remake of the 2008 Deleveraging.
It is impossible to have Real Growth as long as unemployment keeps
rising and factories keep closing. Authorities will off
course keep manipulating statistics and try to increase the amount of
people directly and indirectly employment by government. One does however
not need to be an Einstein to understand such a policy cannot work.
Whatever lies are told by the Authorities and Banksters, the recession is
slowly but surely becoming a depression and as long as the economy keeps
using Fiat paper money, a real recovery is impossible.
I really don’t see how super Obama will be able to
revive the economy and create jobs as the system needs $ 6,1 of new
debt to add $ 1 to the GNP. The problem is that because of
fractional reserve banking and fiat money, the amount of debt requested to
add to the GNP does at a certain point (now) grow exponentially and will
so engage the system in a Hyperinflation. Bernanke, nor Prechter,
nor Soros, nor Tiger Woods or Jay seem to have figured this out.
After the Great Depression (1930's) Banks were not longer allowed to
invest into the
Stock markets. Part of the recent weakness of the
markets is due to the fear that Authorities may revert bank legislation
back to what is was after the Great Depression and Banks would be forced
to sell out all their Stocks positions. We don't see it plausible that
Authorities will risk a second down wave of the stock markets as the
consequences of this would be dramatic. Especially for the already
bankrupt Pension funds. Having said this, as Wall Street (ex.
Goldman Sachs) controls Government, "they" will never allow this to happen
and "they" have billions of unregulated and uncontrolled Derivatives to
assist them in manipulating the markets. A solid correction however
is always possible and healthy for the market.
You can’t win, you can’t loose and you can’t get out of the game…The
problem is that if you get out of Stocks and Real Assets you have no
alternate but to get back into Fiat Paper money and Bonds (Debt).
Even Real Estate Markets don't offer any protection (as they have still
not reached the bottom of their down cycle).
The carry trade is more and more using the Dollar instead of the Yen
(the Dollar has little or no room to go up because of
the bad fundamentals). The result being is that the Dollar but also
Stocks and Commodity markets are becoming more volatile than they already
are and less predictable in the short term. A reversal of the carry
trade means lower commodity prices and lower stock markets...and this can
also impact the Gold and Silver markets in a similar way it had in 2008.
Behind the rubble and human tragedy in Haiti, a
drama is in full play for control of what geophysicists believe may be
one of the world's richest zones for
hydrocarbons-oil and gas outside the Middle East,
possibly orders of magnitude greater than that of nearby Venezuela.
Gold is the only real money because it isn't
someone else's liability. (but no Banker will tell you
this) I strongly suspect that gold is going to
stage a parabolic rise in the not-too-distant future, a development that
will come as a shock to the many detractors of the world's only real
money. We can however first test the neckline of the HS pattern. This
coming week can be extremely important for the short term evolution of
Gold. This becomes obvious after checking the PF charts of Gold
expressed in the major currencies:
Euro,
South African Rand,
Yen,
Swiss Franc,
Pound
Sterling,
Aussie,
CanDollar,....
The
Yen could be breaking out against the
Euro...is
there more unwinding of Yen-Carry trade? Is the 2008 scenario going to
repeat itself?
Following PF chart made a reversal RIGHT on its SECULAR DOWN Trend
LINE!...amazing but also scary. [click on the chart to
enlarge] ...click here
for the answer...
Swiss warn USB bank could collapse.
Switzerland's justice minister warned in an interview on Sunday that
top bank
UBS could collapse if sensitive talks with the
United States over a high-profile tax fraud investigation fall
through...click
here for more....
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.
Are
you an account holder with Citibank!? If so, be advised following
statement is not a joke. [got Gold?]
$-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..
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.
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.
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!
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.
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!
We
have a never ever seen record of $ 8 bn short positions against the
The
Yes,
I know many have been sitting on the tip of their chair all day long...and
yesterday was as crazy as it gets...but remember corrections are swift
and violent and what we had was too much and too fast or a perfect
sell-off climax. A lot of sense it makes as the objective for
the
This
is becoming the USSA: they read and apply Karl Marx and
like the EU, the UK, Venezuela, and many other countries they are doing
exactly what needs to be done to ruin the economy and society asap: huge
deficits and huge government spending, fiat paper money (trillions of
quantitative easing) big-government with more and more people employed by
the Government. The latter comes very handy as it masks unemployment and
secures the position of the Authorities. The largest federal payroll to
hit 2.5 million. Remember that each man or woman employed by government
takes away the job of 3 men and women in the private sector. A disaster it
will be become...
The
big fear of the markets (and the Authorities) is that we could have a
remake of the 2008 deleveraging. Such certainly is
possible and can happen. Remember it sent most markets down without even a
stop at important technical support levels. Since certain equities ad
sectors have fully recovered. Others have been lagging and are still at a
loss. The FED has however stopped the slide right now by injecting more
billions into the system...Bernanke is buying it all and is hereby
killing the Dollar and the Economy...and making it all A LOT WORSE.
Hyperinflation sits just around the corner...and NOW is the time to get
out of this worthless monopoly money and into REAL MONEY and REAL ASSETS.
A
spark in the Middle East can ignite the powder can at any time.
We haven't been focusing on the Middle East, Iran and
Afghanistan-Pakistan, but the talking heads and Newspapers clearly tell us
the tension is mounting and all opposing partners (whether it is Israel,
Iran, the USA,...) are arming themselves. One does not has to be an
Einstein to understand how well a War will solve the growing unemployment
problem of the Western world...
+1
(772)-905-2491