The Raging Fire Within I’ve been trading the stock market for nearly thirty years, virtually non-stop. Today (that is, Monday, August 24) easily ranks in the top five strangest, craziest days in the thousands upon thousands of trading days I’ve ever witnessed. I felt like I was entering a cage of gorillas that had just …
Category: Economy
Aug 24
Today’s News August 24, 2015
The Exquisite Market Setup, 23 Aug There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. …
Aug 23
Today’s News August 23, 2015
Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of …
Aug 22
Today’s News August 22, 2015
Paul Craig Roberts: "America Is A Gulag" Submitted by Paul Craig Roberts, America’s First Black President is a traitor to his race and also to justice. Obama has permitted the corrupt US Department of Justice (sic), over which he wields authority, to overturn the ruling of a US Federal Court of Appeals that prisoners sentenced …
Aug 21
Today’s News August 21, 2015
China's "Judgment Day" Arrives – Malicious Sellers Slam Stocks Below Communist Floor Chinese media are describing tonight’s market action as “Judgment Day” for China, as SCMP’s George Chen explains, the crusade of ‘malicious short sellers’ against the Communist central planners and their ‘funds’ is in full swing. The “manage-the-economy-by-technical-analysis” strategy appears to have failed as …
Aug 20
Today’s News August 20, 2015
Lehman's Gift To Jeb Bush For Funneling Pension Money: A $1.3 Million Consulting "Job" Submitted by Mike Krieger via Liberty Blitzkrieg blog, At this point, it almost feels like kicking someone while he’s down. Jeb Bush can’t even stand up to Donald Trump, let alone his own growing series of scandals. In the latest revelation from …
Aug 19
Today’s News August 19, 2015
Chinese Stocks Crash 10% In 2 Days Despite Stable Yuan, Margin Debt Drops First Time In 8 Days At the end of the morning session there is more blood on the streets as The PPT never turned up… *INVESTORS SELLING CHINA SHARES ON WEAKER YUAN: CHANGJIANG SEC. *CHINA GOVT INACTION ON STOCKS CLD SPUR SELLING: …
Aug 18
Today’s News August 18, 2015
Greek Deposits Become Eligible For Bail-In On January 1, 2016 Earlier today, tucked away from the public eye’s, there was another round of drama involving Greek securities this time focused on Greek senior bank bonds which promptly tumbled back to post-referendum/pre-bailout #3 levels. The catalyst was Friday’s pronouncement by Jeroen Dijsselbloem who said depositors will …
Aug 17
Today’s News August 17, 2015
Travails Of Empire – Oil, Debt, Gold & The Imperial Dollar Via Jesse's Cafe Americain, "We are imperial, and we are in decline… People are losing confidence in the Empire." This is the key theme of Larry Wilkerson's presentation. He never really questions whether empire is good or bad, sustainable or not, and at what …
Aug 16
Today’s News August 16, 2015
CeNTRaL PLaNNiNG! Government Wants To "Implant Recipients Of Welfare Assistance With Satellite-Tracked Chips" Submitted by Mac Slavo via SHTFPlan.com, Implantable RFID tracking chips. You know, to stop terrorism. And to keep tabs on all the welfare queens, in order to keep tax dollars accountable. There will be other rationales, too. But really, governments just want …