Archive - Blog entry
August 4th, 2015
For years now China has been heralded as an economic miracle that will drive the global economy towards growth and eventually eclipse the US as THE superpower in the world.
The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being "outed". The market pundits are are sticking the proverbial knife in and twisting it with glee.
The quest for perfection is man’s unattainable goal. Man can never be perfect if we are to believe the English philosopher Thomas Hobbes. Man is man’s wolf and all of that.
Will the Japanese “monetary perpetuum mobile” ever get questioned by financial markets?
There's Always Been Some Corruption ... But Now Things Have Just Gotten Silly
You cannot understand gold if you think it goes up and down, that the dollar is the measure of gold. Gold does not necessarily go up with interest, inflation, or commodities. Indeed, it does not go anywhere. It's the dollar going places (mostly down).
Could you imagine making a sweeping prediction about the world's construct in the year 2120 and being more or less correct?
Put simply, both sales and earnings are rolling over… at a time when the S&P 500 is close to all-time highs. This is a recipe for a correction if not a crash.
A non-bombastic analysis of the events and data in the week ahead, with insulting anyone or resorting to conspiracy theories.
The IMF made some frowing decisions...
The SNB reported a record loss, but the real meaning and implication is not what most are claiming. See why.
Regardless of where one thinks the dollar is going in the long-term, here is a discussion of where it will likely go in the short-term.
NATO Member Busted Supporting ISIS … Now Declares War Against ISIS, But Instead Bombs Its Political Rival (the Main Force ...Submitted by George Washington on 07/31/2015 17:52 -0400
... FIGHTING ISIS (Wall Street Journal and Time Magazine Confirm What Zero Hedge Has Been Saying)
In an interview on Bloomberg’s “First Up” show, Treasurer for the Perth Mint, Nigel Moffatt, said “Our biggest restriction is the amount of unrefined gold we’re getting in from producers”, adding, “everything we get in is going straight out the door as soon as we refine it.”