Archive - 2014 - Blog entry

Physical gold for delivery at the Comex is at record lows. Demand for delivery of the precious metal may just push the gold price manipulation scheme over the precipice.

Some of us stopped believing in fairytales long ago and then there were those that never thought that Goldilocks ate anybody’s porridge. So, there are two types of believers.

Nobody Likes a Liar

Fortune Magazine front page today: Middleton sounds a bit like an 18th-century pirate striking back against the Empire when he declares that "what I'm doing right now is a direct threat to fiat merchant banking."

An example of Microsoft legislating profits that is so simple to understand even most Americans should be able to get it.

Market tops occur when investor psychology changes. But it’s not a clean shift. Investors, like any category of people, are comprised of numerous groups or sub-sects: some get it sooner than others.

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It’s Sri Lanka that is the next on the list for investors. The darling of Southeast Asia, the gem of the Indian Ocean is the one of the few that didn’t get dragged down by the downturn in the markets.

What could possibly go wrong?

At these levels of bullish sentiment, fewer bulls isn't a contrarian signal but a sign that there are fewer investors willing to push the market higher.

Fod Gold to even realign based on the Fed’s actions, it would need to be north of $1,800. That’s a full 30% higher than where it trades today.

Pure speculation, but interesting information. 

Tech isn’t exactly booming, but that hasn’t kept “valuations” of tech startups from being pushed into the stratosphere, for the benefit of an elite club.

Next time you cry over your paycheck or you scrimp and scrape to find the extra few dollars to finish the month, remember that admittedly money doesn’t grow on trees…

There are definite limits to what QE can do. Now that even Bill Dudley and other Fed officials admit that the Fed doesn’t understand QE, it’s only a matter of time before the market begins to crumble.