Blog

Euro & Cyprus

The Euro closed at 12817 on the spot today. A close below 12824 will be a sell signal tomorrow. We have a Monthly Bearish at 12972 which if elected tomorrow will [...]

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Russia Calls Surprise Military Exercise

The European Commission knew what it was doing. It refused to bailout Cyprus because it would be seen as bailing out about $4 billion in Russian deposits. But it [...]

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Electronic Money

The idea that we can use electronic money is certainly the way of the future. But unless we reform government, nothing will ever be safe. The Cyprus Confiscation [...]

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Euro Intraday Bullish Reversal on 15 minute

The intraday Bullish Reversals on the spot Euro on a 15 minute stands at 128.55. The Weekly Bearish on the spot is 128.24. The last trade is [...]

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Euro & Cyprus Crisis

The Euro has rebounded but only to retest the Weekly Bearish Reversal. The European Commission fails to understand that they have driven a stake through the heart [...]

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Goldbug Hyperbole

No matter what the news, the goldbugs find a way to constantly talk a market up detached from all reality. One reader wrote: “Now they way they’re [...]

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The Euro is DEAD – Long Live the Cyprus POUND

I have gotten off the phone with contacts in Cyprus. Everything is getting very scary. Politicians in Brussels and Germany are clueless. They assume that since they [...]

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Are we Headed into a Mad Max Scenario?

The 1981 film Mad Max with Mel Gibson has been the subject of many emails asking what to do, should they store some food, silver coins, etc. As a trader, you always [...]

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Italian Debt Auction Less Than Robust

In the United States, Wall Street opened lower as the demand at an Italian debt auction came in much softer than expected. This is starting to spark concerns over [...]

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Politics

I often get the question would I run for politics? I prefer the mantle of a political prisoner who has stood up to the Bankers and their Puppets (Bureaucrats) than [...]

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