Archive - Aug 2014 - Blog entry

Here we are now, two years later, and the ECB has failed to create the sustainable recovery that it promised. Because of this, in June of 2014, Mario Draghi implemented Negative Interest rate Policies or NIRP and hinted at launching a QE program

The powerful engine to pull Europe out of its quagmire? It stalls as sanctions hit. “Disaster of 2008” is evoked, hastily denied.

The WTO is dying a slow and painful death and has neared the end of its life today.

No comment necessary...

Dispassionate, non-conspiratorial rant , fact-based high level discussion of the sigificant drivers of the week ahead.

The summer months frequently see seasonal weakness as has been the case in recent years and since gold became a traded market in 1971. Gold and silver often see periods of weakness in the summer doldrum months of May, June and July.

U.S. Busted Faking Satellite Photographs In Both Iraq Wars

Ten times a year, once a month except in August and October, a small group of well dressed men arrives in Basel, Switzerland.  Carrying elegant overnight bags and stylish brief cases, they discreetly check into the Euler Hotel, across from the railroad station. They come to this quiet city from places as disparate as Tokyo, Paris, Brasilia, London, and Washington, D.C., for the regular meeting of the most exclusive, secretive, and powerful supranational club in the world.

The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States.

A work in progress...

The market is extremely tired and the systemic risks underlying the Financial Crisis are in no way resolved. With investor complacency (as measured by the VIX) at record lows, the Fed withdrawing several of its more significant market props, and low participation coming from the larger institutions, this market is ripe for a serious correction.

Look for a speech on Friday August 22^nd by Janet Yellen where she officially signals financial markets that they better start finding their respective chairs.

Outlook of the foreign exchange market in the week ahead, with some observations about equities and bonds.

Friday nite open caption contest...

America Used COMMUNIST Torture Techniques SPECIALLY DESIGNED to Produce F·A·L·S·E Confessions