Category Archives: Financial

Nikkei Opens Down 1.62% At 13,551.36

The Nikkei opened down 1.62% and quickly fell 3% in the opening minutes as expected. The US market collapse at the close of trading on Friday (May 31, 2013) is continuing overseas. Gold and silver are both slightly up but … Continue reading

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Gold Trader: “Stock Market May Crash 10-20% In Next 5-10 Days, Will Create Setup For Bubble Phase In Gold”

When asked why he’s [technical gold trader Gary Savage] expecting a crash of such magnitude to occur, Gary replied, “If you look at [a] long-term market chart…you can see that at the recent peak, [it] was stretched further above the 200 day moving average then … Continue reading

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It’s A “0.6%” World: Who Owns What Of The $223 Trillion In Global Wealth

Back in 2010 we started an annual series looking at the (re)distribution in the wealth of nations and social classes. What we found then (and what the media keeps rediscovering year after year to its great surprise) is that as a result … Continue reading

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Treasurys plummet in worst month since 2010

Treasury prices fell Friday in a fitting end to the worst month for the haven government debt since December 2010, as investors nervously watch for potential changes to central bank monetary policy. The 10-year note 10_YEAR 0.00%  yield, which moves inversely to price, … Continue reading

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Rising Stock Prices Flash a Warning…Selloff Ahead?

It’s time to become wary of stock prices. The market’s impressive rally means stocks are at higher levels relative to their earnings than at any time in over three years, while also more expensive based on dividends and other valuation … Continue reading

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Peak Gold

httpv://www.youtube.com/watch?v=Bz-4NQ65Vxw From YouTube: Our goal is to help as many people as possible become aware of the disaster we are rapidly approaching with the end of cheap resources. In our opinion, the wealth of most Americans could get wiped out … Continue reading

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The Great Reflation

This week economists, investors and politicians were treated to some of the “best” home price data since the frothy days of 2006 when home loans were given out like cotton candy and condo flipping was a national pastime. The Case-Shiller … Continue reading

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The 34 Words That May Have Caused Today’s Crash In Stocks

There is much consternation about what triggered today’s rapid escalation of selling pressure in US stocks. As the evening wends on and traders sip their Absinthe, it appears an embargoed record of the Fed’s Advisory Panel minutes was at least a major … Continue reading

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Sell in May and Stay Away

Dow Dumps 270 Points Intraday To Biggest 2-Week Drop In Six Months The Dow Jones Utility Index is down 35% in the last two weeks – the largest drop since March 2009. Across the board, what looked like being a normal … Continue reading

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U.S. Treasury Is Down to One Day of Cash

Economist John Williams says the Federal bank account at the US Treasury Department is down to just one-day’s estimated outlay, a dire situation that can only be papered over for a short time. Williams cites the May 28 Daily Treasury … Continue reading

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All Time Record Gold Transactions Reported By LBMA

The precious metals have been weak again in May with gold falling 4.4% despite this weeks’ recovery. Silver is down 7% and platinum by 2.6%. Palladium has recovered from recent weakness and those who accumulated on weakness are set for … Continue reading

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New Record European Unemployment, 101 USDJPY “Tractor Beam” Breach Bring Early Selling

Everything was going so well in the overnight session, following some mixed Japanese data (stronger than expected production, inline inflation, weaker household spending) which kept the USDJPY 101 tractor beam engaged, and the market stable, until just before 2 am … Continue reading

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Jeff Gundlach: “There Is No Such Thing As Economic Analysis Anymore”

Some always entertaining and informative thoughts on precious metals (which after weeks of suppression are finally soaring on a sliding USD – the Taper pricing in is over, time to price in the Untaper), Japan, Apple, nat gas and, of … Continue reading

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The Shape of Things to Come – May 30, 2013

It appears that the USD is no longer the cleanest dirty shirt – but precious metals, perhaps? And amid all this chaos in fiat and non-fiat currency markets, equities and bonds remain somewhat stoic. This is the biggest 2-day drop in … Continue reading

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Gold Bar “Supply Constraints” In Singapore Sees Record Premiums

Gold rose to a one-week high, as the dollar and stocks retreated after another 5% plunge in Japan’s Nikkei. Silver, platinum and palladium advanced also. Physical gold demand remains robust internationally and supply issues in Singapore have led to premiums … Continue reading

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