The year 2008 bore my mark as the year the system broke. A public article addressed the issues, laid out before the breakdown occurred in September of that year.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
On February 23, 1950, The Commercial and Financial Chronicle published an article from Ludwig von Mises with the above title.
The year ended with a typical light volume"Santa Claus" rally.
"I consider it to be a reasonable demand that the economic burden placed on the current and future generations of Icelanders, in the form of a state guarantee for Icesave payments to the UK and Dutch governments, be sub
"The more laws, the more corrupt the Republic"
Corruptimus republica plurimae leges-- Tacitus 118-123 A.D.
Well, here we are with only hours left before the year is over. Virtually every investment is up other than the US dollar.
The gold market has become, despite little recognition by the financial press, the battlefield for global control of the financial world. To the winner go the spoils and access to the helm.
The background noise has been considerable. The USCongress, the august body, evaluates a new initiative to reinstitute the Glass Steagall Act. Great idea!
One of the great things about living in a democracy is that citizens have the freedom of speech.
Without any doubt the fastest growing country in the world is also the largest in many ways. CHINA rightfully claims that title.
"We're not going to have.... a second wave of financial crisis..... We'll do what is necessary to prevent that.......and that is completely within our capacity to prevent."
The technical picture for gold has brightened considerably over the past week, despite the price having continued to drop and the apparent failure of an uptrend.
Year-end is always a time of reflection, a rare opportunity where the usual psychological boundaries of time crumble. For a couple weeks, the tyranny of the present yields to a heightened consideration of the past and the future.
Think isolation. Think monetization. Think trapped. Think Catch-22, no remotely viable option. Think end of the road in a gigantic USTreasury bubble, in the process of discredit.
It's been a great year as we head into the final few trading sessions. The past several weeks the indexes have not done much of anything which is why we are now in cash.
There are some that will tell you that the world's first central bank was the Riksbank of Sweden established in 1668, and others maintain that it was the Bank of England in 1694.
Gold behaved as predicted in last weekend’s update - it rallied into the middle of last week before plunging on Thursday and then ended the week with a modest upturn.
Interestingly enough the long inverse correlation between the large US markets and the US dollar has seemingly broken down.
One year ago this week, I wrote about the end of the gold-stock panic.
It's been a great week so far. Stocks and commodities are moving as expected from my weekend trading report. I like to see the market unfold in a calm collected manner.
My wife and I watched Oprah interviewing President and Mrs. Obama for her Christmas Special.
The continuation of the bank dominoes took 14 months, but it occurred. The initial destructive impact craters were carved in the United States and England.
The past three weeks have been interesting to watch as the Dow (DIA ETF) has broadened causing traders to be shaken in and out of positions. Commodities have been under pressure as the US dollar has risen.
The last update posted on the 29th November called a top in gold, which occurred just a few days later.
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Goldschläger and Goldwasser are liqueurs containing pure gold flakes.
