With China still on national holidays (Golden Week) trading was quiet but maintains the same trend. That being stronger equity markets offsetting the weaker currency. The JPY today hit recent lows (102.50) whilst the Nikkei heads for levels not seen since Q1. The 17k level remains the intraday psychological barrier where traders feel nervous as […]
QUESTION: Marty; I won a bet against a goldbug. He bet gold would soar and the dollar would crash October 1st because of the SDR and said you would be exposed as a fraud. I won the $100 bet. I tried to bet an ounce of gold, but he would do that. I too studied […]
For years there have been rather stupid rumors that Obama would call martial law to stay in the White House. This is not a power-hungry guy. He plays golf more than anyone and misses more than 60% of his national briefings. The ONLY rumor that comes from behind the curtain, and not the internet, is what I […]
Saturday Night Live did a great skit on the presidential debate that is probably closer to our choices than what mainstream media will ever portray.
Julian Assange of WikiLeaks has long-promised a document dump on Hillary Clinton that many have suspected might be her emails. This was to take place today from the balcony of London’s Ecuadorian Embassy, where Assange has sought sanctuary for years. This event has been canceled due to what he deems as “security concerns” imposed by the […]
QUESTION: Hi, I have two questions: a) do you believe US dollar has been kept artificially lower than it should be (or at least in long range trading range) by at least two central banks lately? if so how long you think it would last, years? b) you remind many times gold does not yield so […]
The Organization of Petroleum Exporting Countries’ (OPEC) agreement to cut production is supposed to end Saudi Arabia’s policy of the last to years to pump-at-will. This has sent Middle Eastern economies into a tail-spin and the glut of oil has meant rising taxes and selling bonds to raise capital. With this new claimed reversal of that […]
The latest HOAX running around is that Bill is not the father of Chelsea Clinton. It really is amazing how people are making up stuff at this point right down to Hillary toilet paper (sent in as a gift). I have never seen such an election that is so out of wack in all the years […]
We saw a healthy Asian session today with the Nikkei up almost 1/5% at one stage following the impressive US mood. The market could not maintain its strength closing up 0.9% which was a small reaction to some mixed data but did provide Europe with some opening guidance. The Shanghai market was closed today for […]
A story is floating around now that a worker discovered ballot boxed filled with tens of thousands of votes set up for Hillary in Ohio. No such photographs of the actual ballots have been produced so it appears that this may be a hoax. We warned that this was a developing story. There is no […]
