The Euro has TWO Daily Bearish Reversals for the close today in New York – 13030 and 13000. A closing beneath these levels should spark a retest of support. Friday is a key day for this week as it is showing up in other markets as well. We need a close ABOVE 13081 on the […]

The 2013 Metals Report covering Gold, Silver, Platinum, Palladium, and Copper. This special report covers the possibility of a 5 Year Bear Market into 2016 but illustrates that the bulk of any decline takes place within the first 2 years from a high and should be concluded in 2013/2014. This special report also illustrates our […]

One of the solid rumors behind the curtain that has sparked even movement of gold supplies as some are now leaving for even Asia, is Europe is moving toward global taxation and is starting a “money laundering” investigation, which means simply people who they think owe taxes. We will begin to see new parties start […]

The British Telegraph reported the comments of Professor Peter Bofinger, an adviser to Angela Merkel, that he made in Der Spiegel, demonstrating just how disconnected the academics are from the real world. They still live in the world of Marx and seem to have missed that Marx’s whole class warfare did not work.  Bofinger suggested that the “rich” […]

A new EU Directive provides that compulsory levies in Cyprus will be charged over the weekend. At a meeting of EU finance ministers in Dublin, Commissioner Michel Barnier confirmed that the the people are responsible for the bank they deal with. Depositors will risk their money after the Bank’s shareholders and creditors of banks. It’s amazing […]

The story of ABN Amro ceasing delivery of precious metals it had previously offered to its Dutch clients regarding gold, silver, platinum and palladium, had been an agreement with Deutsche Bank Netherlands, who suspended that agreement. The change only impacts those in Holland and has nothing to do with paper contracts that exist in every futures […]

Resistance for next week will be at the 13007 level. If we close below that today, the Euro will retest the mid 12900 area then move up into the week of 4/15. A close ABOVE 13007 on cash in New York will warn that the rally in the Euro may lead with stops and 13007 […]

The Daily Bullish in the cash Euro for today’s close are 12977 and 13134. The Weekly Bullish are 13134 and 13433. This corresponds with the top of the technical channels. The monthly levels also show the first resistance at 13140 and 13370. We also have some closing resistance technically at 12996. The Euro on the momentum […]

Cyprus Proposal  March 27th, 2013, 5:00PM EST Cyprus Proposal   The paramount questions remain:   1)     What is the end-game solution for the Euro? 2)     How will the Euro survive after the Cyprus solution? 3)     What is to be accomplished by staying in the Euro and suffering the indignities Brussels is inflicting upon Cyprus? 4)     […]

Our phones have been in meltdown mode and sleep has been rarer than gold around here. Whatever politicians could do to screw up the world, trust me, they are diligently at work to accomplish that goal even ahead of schedule. The logic coming from the ECB, France, and Germany leaves a lot to be desired. […]