Archive - Jun 19, 2013 - Blog entry

If you have nothing to save, you have nothing to hide...

Apparently, the highlight of the round-up of the G8 summit in Lough Erne might just have been that David Cameron went for a morning dip to swim a couple of lengths. That’s about as far as he might have got anyhow, considering that little all else was decided.

The Fed has spent TRILLIONS of Dollars and failed to deliver anything resembling economic growth. The number of people who are of working age who are actually working has barely budged since the 2009 low.

Mussolini Is Cheering from His Grave ...

_{This was clearly seen in 1980 when silver rose from $6.08/oz on January 2nd 1979 to $50/oz on January 21st 1980 or more than eight fold in less than 13 months (see chart).}

Given silver’s volatility, dollar, pound or euro cost averaging into position remains prudent. Similarly, when prices have had a parabolic gain - dollar, pound or euro cost averaging out of a position will be prudent as it will be nigh impossible to time the top.

The Fed is known to leak key information to insiders, so for certain “someone” will know before the rest of us.

George Osborne is giving the Mansion-House (residence of the Lord Mayor of London) speech to the city tonight, an annual speech in which the Chancellor of the Exchequer traditionally gives his impression of the state of the British economy.

China is snugging, trying to rein in its financial system and shadow banking system.

And the times they are a changin'....