‘European Markets’ Archives
It Was Only a Precursor to What’s Coming
The last 4 weeks has seen huge and unprecedented global demand for both gold and silver. Between just China and India the demand was close to 400 tons of gold... then you add in the rest of the world. Compare this 400 tons (from just 2 countries) to the 200+ tons that was dug out of the ground over the same time frame. During this period we [...]
A Fly on the Wall
The G-7 are meeting this weekend outside of London. This was unscheduled and can only be considered as an emergency meeting. I for one would love to be a fly on the wall to hear the goings on as I am sure the "outsiders" from the rest of the G-20 would. The G-7 are the traditional "power" nations, they are also the ones doing the most [...]
End of Austerity
Read the Tuesday Afternoon Wrap-up for 4/30/2013 and the Wednesday Morning Commentary for 5/1/2013 Of all the words I never expected to be associated with finance, “austerity” is atop the list; particularly in today’s world of GLOBAL, UNFETTERED MONEY PRINTING. Thus far, it has been associated principally with Europe; although [...]
Supply is First
Supply is first to go away... then goes price. We saw back in 2008 the very same scenario as we have today only in a milder form at the time. Supply of metal became very tight as the paper price was crashed, then all of a sudden we made a bottom and higher prices were what came in the aftermath. That was then; this is now. Then, [...]
It’s Going to Happen
It's going to happen... because it already is happening and mathematically it had to and has to. "It" being a complete breakdown of the financial system. Look around the Western world and you will see sovereign nation after sovereign nation with debt to GDP ratios bloated and above 100% of GDPs. This is unsustainable and can only last as [...]
If You Absolutely Had to Take a Needle
What a difference a few days makes! I was away for the bulk of this week and had no internet access for 2 days, it looks like the world changed (it did not, only the perception) in the blink of an eye. 2 weeks ago was day 1 of the "2 day smash" in gold and silver, here we are 2 weeks later and even the most asleep at the wheel and uninformed [...]
What if?
I was asked a very interesting question: "What would happen if the COMEX were to actually default?" Off the cuff I would say that the very real potential would be that the world would look like a modern day "Mad Max.” But why? Why would a COMEX default be so disruptive? In one word "trust"...or lack of it. If we are correct and only 1 [...]
Five Years Later
With the “DOW JONES PROPAGANDA AVERAGE” trading at new all-time highs -excluding inflation and survivor bias, of course… …I put together a pictorial depicting where the world’s economy stands FIVE YEARS after 2008’s Global Meltdown I. In the interest of brevity, I’m not going to write much; as in this case, [...]
What Has Happened Since…
Read the Thursday Afternoon Wrap-Up for 4/12/2013 and the Friday Morning Commentary for 4/12/2013 In the wee hours of September 6th, 2011, “DOLLAR-PRICED GOLD” reached an ALL-TIME HIGH of $1,920/oz; forcing TPTB to “go into action” with “OPERATION PM ANNIHILATION I”… Clearly, they were so terrified of gold zooming past the [...]
How Does Selling their Gold Fix their Problems?
I had not planned any commentary today but with gold "down" $65 per ounce I will put my 2 cents in. As you know, I called "bottom" about 5 weeks ago the first time we hit $1,550 then again about 2 weeks ago on the retest of those levels. They were broken decisively today. The reason for Wednesday's sell off of $25? And the reason given for [...]
