Archive - Aug 2015 - Blog entry

Don't forget to wipe!

Gold’s reaction to China’s devaluation was impressive. Sure, it came at a time when gold was oversold and due a bounce, but, even so, a rise from $1,080 an ounce to $1,125 is not to be sniffed at – particularly as it went in the face of what other metals were doing.

Imagine a real estate market with the rate of interest on mortgages as high as it could possibly go. 

But Not There Yet...

And So Do ...

Target – the slightly more upscale Wal-Mart – has agreed to pay thousands of Visa card issuers up to $67 million after their colossal December 2013 data breach that exposed around 40 million credit and debit cards. The settlement comes after the rejection of a proposed $19 million deal with MasterCard due to a lack of support from its issuers.

If it seems too good to be true...it usually is

The American dream has become perverted into the equivalent of hoping to pick a winning economic lottery ticket: hoping that you somehow will become one of the lucky 0.00001% who strike it big and make millions upon millions of Dollars.

Druckenmiller’s fund recently bought $300 million worth of SPDR Gold Trust (GLD), an ETF that tracks the price of gold. It’s a huge bet, even for a big-time trader like Druckenmiller. He put 20% of his fund’s money into this trade, and it’s his largest position.

I think we're witnessing a sea change in the behavior of WalMart, and this is probably a helpful harbinger of the American economy as a whole.

The central bank has injected new capital into the China Development Bank (CDB), which provides medium and long term financing to major national projects, in a bid to reinforce its capital adequacy.

Bernanke Shills for El Militario-Industrio Complexo

I'm a QE drone man!

This is precisely what has happened in Spain during the 2012 banking crisis. Since then it’s also happened in Cyprus, Greece…and it is now perfectly legal in the US courtesy of a clause in the Dodd-Frank bill.

Everyone seems to focus on gold's price while forgetting its value as a diversification.