Today will be the close for the week and this will be an important indicator. A closing in gold below 1237.50 will warn of weakness. We have important technical resistance at the 1245 level and a closing back below that breakout line will also warn that the upward momentum is starting to decline. Gold bounced […]
The ramifications for the refugee crisis in Europe are crossing the “pond” and arriving in the USA. There are mainstream politicians now calling for visa requirements for EU citizens because they do not know who are terrorists among them. Even Ted Cruz has been forced to jump sides after adopting Trump’s positions in part. Where Trump […]
Good Friday The NYSE will close on Friday November 25, 2016. CME Equity products, Interest Rates, FX, Grains, CME Europe, and Korea Exchange (KRX) will be closed on Friday.
Socialism is dead. The new proposal for failed banks moving forward will be for the bank to seize the money of its depositors and issue them stock in its place. This is a “bail-in” that pretends to be more compassionate. This is the new proposal circulating around in Canada championed by Justin Trudeau.
Goldman Sachs is at the center of a probe into the rigging of U.S. Treasury Auctions, which was the same allegation that resulted in the Treasury shutting down Salomon Brothers in 1991. I wrote about this incident when Salomon was caught. The fact that such rigging in commodities markets was standard for decades was common knowledge. When […]
I have warned that each terrorist group seems to act in their own cyclical manner, and the cycle that evolves is a fingerprint to each group. Now, it turns out that it has been confirmed that all three of the bombers in Brussels had links to the cell in Paris. These attacks are strategic in […]
