Archive - Dec 2012 - Blog entry

So easy and so profitable

The Bernanke Banking Put enriched the banks, extended the unemployment line, and created a margin call in the retail specialty sector. All in a days work.

Something BIG surely must be coming to justify the ferocity of the cartel. We will wait and see, and wonder where they are getting the physical to pull this off. Non-physical gold investors may come to better understand the phrase "getting Corzined".

And at the end of time all there will be is ground zeroes...

Gold’s recent move down is tracking our forecast.We saw an initial shock to gold as the pressure of higher rates moved through the system. What is perhaps lost on most market observers is the slowing pace of global liquidity flowing into the system. You could call the current situation a problem of velocity synchronicity.

The US dollar is sporting a softer profile today.  It had initially extended its gains after recovering in North America yesterday. In Japanese candlestick terms the euro and sterling had recorded "shooting stars", in essence opening on their highs and finishing on their lows.  Additional profit-taking was seen in Asia, earlier today.  The euro was pushed below its 20-day moving average for the first time since Dec 11.  Sterling fared better but still extended yesterday's losses.  However, in the European morning, both currencies have recovered to move back into yesterday's ranges.

The price action can be attributed to thinning market conditions and the recovery of the yen.  Indeed, "sell the rumor buy the fact" gains in the yen, may have pressured the other currencies as cross positions were also unwound.   The dollar has stabilized after slipping through the JPY84.20 area to trade below the previous day's low for the first time since Dec 10. 

We believe that because the Rockefellers and Rothschilds created our “modern” banking system with the express diabolical intent of transferring the wealth of nations to themselves with zero work and of preventing the people of these nations from revolting through the imposition of debt enslavement achieved through the administration of the fractional reserve banking system, it is impossible to be a moral person and work for a bank.

"Microsoft in 2000 was an unsustainable bubble, whereas Apple today looks much more solidly valued" - Felix Salmon 9/17/12

An abysmal indicator for Europe

I’m going to lay out everything you need to know about the fiscal cliff negotiations. After reading this, you can ignore all of the media’s coverage of this topic as well as various politicians’ announcements pertaining to this subject. All you need to know consists of just one sentence. Politicians are in charge of this issue.

Think consumers paid enough from higher interest Libor rate rigged by banks?  Small case compared to the rigging in the oil and gasoline markets.  

Treasuries have sold off aggressively over the past 2 weeks.  Is it time for that trade to reverse to New Years??

Our Interests Are - Of Course - STRICTLY Academic