You can tell that Europe is breaking apart because the EU has gone too far. EU President Jean-Claude Juncker has warned against attempts to undermine or dissolve the European Union. “Those who believe that it is time to divide, dismember and divide the EU into national divisions are completely wrong,” said Juncker in Maastricht, the Netherlands. Europe […]
QUESTION: You always say the markets cannot be manipulated. Deutsche Bank is turning over the smoking gun. Any comment? ANSWER: It seems you are using the term “manipulation” extremely loosely. You are mixing this term up with collusion and coordination, yes with the intent to “move” a market within the immediate trend which is not […]
We are pushing up against the next resistance level. We need to close above 19970 to imply we will break through the 20k level. It does not yet appear to be ready to burst through the 21K level. Nevertheless, the next main target is still in the 23k level. That is what we have to […]
The Nikkei continued its march in todays trading adding an additional +0.5% with the Yen behaving. The consensus appears to be happy the FED will raise which will likely hit the currency even more and have positive effects upon the Nikkei. The Shanghai responded to better than expected Retail Sales (10.8 v’s expectations of 10.1%) […]
Jill Stein is really playing very fast and loose with this whole recount thing that serves no purpose. In Wisconsin, 95% of the votes were recounted, and as of December 11, Hillary Clinton gained just 25 votes on Republican Donald Trump. President-elect Trump won the state by more than 22,000 votes. This is some sort of publicity […]
QUESTION: Marty; You have been emphasizing not to buy gold bullion but US gold coins such as the $20. You have said that the last time they confiscated gold coin collections were exempt. With the drastic action in India, and the war on currency in Turkey, is this why you have said stocks and collectibles […]
Obama’s parting shot across the bow is his order of a full review into hacking aimed at influencing US elections going back to 2008. Instead of targeting the CIA or the NSA, WikiLeaks has gone after an organization Democrats actually care about — the Democratic National Committee and exposed its internal corruption. If Obama could, […]
This week will all be about the Federal Reserve and the outlook for rates into next. The strip is pricing in additional moves already but it is the long end that is having a worrying impact on many dealers. Obviously, the recent curve movement is music for the (US) banks and insurance companies but will […]
The lobbying is off and running is super-high gear to stop the Fed from raising rates once again. Governments all over the world have a very myopic view and focused only on the next quarter, or the next election. The Reserve Bank of India also fears that the US Fed’s impending interest rise would affect the external […]
The EU is just insane. They cannot comprehend how to run an economy. The abuse on taxation assessments in the EU has led to McDonalds relocating its international headquarters from Luxembourg to the UK. The U.S. fast food chain announced last week that a new holding company was being established in the UK, where most of […]
