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Market Talk- July 11th, 2017

July 11, 2017

Another encouraging session for Asia as the confidence continues, at least until we see something to the contrary later in the week. Many are referencing the bond markets as they watch yields creep higher and the curve start to steepen as an indication that things have finally turned. China’s Shanghai settled small lower but the […]

The Survival of the People Always Depends Upon the Army

July 11, 2017

The Reuters Editor’s Choice picture demonstrates what I have been saying about revolution. When the army defends the corruption of politicians, there will be blood in the streets. Only when the army stands with the people will government collapse. Here we have a member of the security forces firing his gun against the people to defend […]

Gold

July 11, 2017

We have not yet broken gold for all the people writing in. So far we have elected three Weekly Bearish Reversals from the July 2016 high in gold and three Monthly Bearish Reversals. We have elected two Weekly Bearish Reversals from the high in June and fallen into the target week of July 10th and […]

Catalonia to Move to Referendum October 1st to Break From Spain

July 11, 2017

The Spanish region of Catalonia is preparing to hold a second referendum on separating from of Spain on October 1st, despite warnings from Madrid. Naturally, the EU is against any such separation. However, the regional tensions are historic and Catalonia is the rich and prosperous region of Spain with Barcelona being perhaps the most beautiful […]

The Pension Crisis – & – The Crash & Burn

July 11, 2017

QUESTION:  Hi Marty – Question: You have blogged about the pension crisis and how Illinois and California on the brink of bankruptcy. Does this mean that other states which you don’t mention, like Florida, Texas, and New York, are financially sound and are going to be able to pay out pensions to their retirees for […]

France Agrees to Pay All Costs for Turkey to Sign Paris Climate Accord

July 11, 2017

Turkish President Recep Tayyip Erdogan said he would not ratify the Paris Climate Accord unless Europe paid all costs to Turkey. France agreed to pay Turkey compensation for the cost of implementation when signing the agreement. If Erdogan does not receive any financial funds, he said that his Parliament will not ratify the treaty.  Erdogan […]