Archive - 2014 - Blog entry

“Rags to Riches” Much Easier In Scandinavia than America

Precious metals have taken a horrible beating over the past month. They were suppressed to levels not seen since 2010. The result of this price depression was a massive increase in demand from individual investors and nations alike.

Happy Pre-Thanksgiving in Zero Hedgetown!

Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….

Gold spiked higher in many price feeds overnight and was $270 higher or more than 22% higher to $1,467.50/oz at one stage in what appears to have been some form of computer glitch.  It was not manipulation, a short squeeze, or a modern Chinese or Russian ‘Goldfinger’ sending a pointed message to Washington.

Is the oil cartel impotent?  Is the price of oil going to fall further?  What to expect from tomorrow's OPEC meeting.

It has something to do with a Catch-22...

Who Are the Worst Looters?

“Ordinary people are unnerved about how money works in a bottomless cyber space. Gold seems tangible, clear and timeless”

I said looters, not Hooters!

A few points the "stocks are cheap" crowd should consider.

Central bankers reached a new low overnight when Swiss National Bank President Thomas Jordan warned of "disastrous consequences" from a pulpit in a church on a historic hill in the town of Uster, Switzerland, which Bloomberg dubbed the 'sermon on the hill.' "Hungry people don't stay hungry for long, they get hope from fire and smoke as they reach for the dawn..."

Should We Trust Governments Which Pass Around Our Nude Images ... While Protecting PEDOPHILES?

What we have is an All American Clusterfuck!

You cannot have the market drop 7% and then rally an even larger 10% in less than month based solely on a single non-voting Fed President’s comments and NOT be in a bubble.