Archive - 2013 - Blog entry

There was more irregular price action in trading yesterday between 1800 and 1830 GMT. Gold had trended slightly higher in the afternoon and was trading at $1,244/oz prior to a sharp but very brief spike to $1,254/oz and then sharp concentrated selling saw gold fall by more than $20 to $1,231/oz before bouncing higher and recovering to the $1,245/oz level again. 

The trading was unusual as foreign exhange markets saw no price movements of note, nor did the silver, platinum and palladium markets.

Now I was a kid once too, and I liked toys as much as the next child, but over the years, I have grown increasingly aware of the fact of how short-lived the pleasure of Getting Stuff is. Whether it's a toy as a child or a sports car as an adult, once you've actually got whatever it is that you thought you couldn't live without, well, it just sort of blends into normalcy.

There is no free lunch.  Either we kill growth via financial repression of savers or we embrace the painful process of debt restructuring for the major industrial nations.

Predictions for 2014 from a cold war spy

Happy Hank'sgiving!

The ruling triumvirate consisting of the military-industrial complex, global bankers, and governments have misappropriated nearly every pillar of society. Here's how we combat this.

An important question is what exactly is Goldman's motivation for the peculiar gold deal? Does it wish to have access to Venezuela's gold reserves? There area many other innovative ways that Goldman could help Venezuela with its current economic travails that do not involve gold. Were Venezuela to default on the bonds would Goldman become the beneficial owner of Venezuela's gold reserves?

Japan – Like the U.S. – Turns to Censorship

Goebbel, Goebbel, Goebbel!!!

In the US and Europe, 95% of the buyers are male. Average age is 55. What's different in China?

It would likely also deal another blow to the U.S property market and the fragile U.S economy. JP Morgan, Bank of America and Wells Fargo appear to be most exposed - meaning that either taxpayers will again be asked to bail out banks or more likely the coming bail-in regime will confiscate cash from depositors. 

I know why someone who is so wrong can get so much media attention. My big question is why do so many "so-called" smart people actually believe him! We need a new, new media outlet, no?

Edward Snowden has recently revealed that he has a secret cache of ‘doomsday’ material that will blow the world apart and the US in particular.

This is a macro global trend well underway and I don't see anything in the cards stopping it.

While the US continues to engage in a delusional energy “debate” about whether we will continue to burn coal and whether natural gas is a panacea, China is struggling to acquire and deploy of energy resources to support its economic growth targets.