Today is Good Friday which is a Christian religious holiday commemorating the crucifixion of Jesus Christ and his death at Calvary. For those that haven’t thought about it the Crucifixion happened just after Passover. Jesus had come to Jerusalem for Passover. The last supper is believed to have a Passover connection. I was fortunate enough to […]
COMMENT: Marty; I do not know how you have accomplished creating your model with such extreme accuracy regarding numbers and time, but I do believe you have proven your point. To have a number in gold at 1044 and it stops at 1045 and then for the rally it stopped 30 cents from your weekly […]
The elitist press are starting to realize that they are the problem. “Trump voters are a coalition of the dispossessed. They have suffered lost jobs, lost wages, lost dreams. The American system is not working for them, so naturally they are looking for something else. Moreover, many in the media, especially me, did not understand how […]
The problem with politics, we do NOT get what we pay for. This is why career politicians just have to go. They are professional liars on both sides of the aisle.
The weak close in the US followed through into the open for Asia and we saw prices gap lower across the board. The Nikkei did attempt to break higher around lunch but was short-livid being dragged down by oil, yet again! Both Shanghai and Hang Seng closed around 1.5% lower as increased talk of US […]
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 […]
