Silver For The People

Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters

Donate Via Paypal

Revolver Maps

Emergency Essentials/BePrepared
Emergency Essentials/BePrepared


Boxed Water Kit

Donate Via Paypal

US Dollar Moving for a Test of Resistance / Dan Norcini / July 29, 2014

Since November of last year, the US Dollar has been thwarted from beginning any sort of upward trending move by the region near 81.50 on the USDX. It is once again moving towards a showdown with this critical chart region. Can the Greenback blast through and [...]

Fed Exit a Blue Pill? / By: Axel G. Merk, Merk Investments / 29 July 2014

While we are busy arguing whether the Fed’s exit will consist of rising rates, reverse repos or the trimming of its massive portfolio, the Fed may well be fooling all of us. Investors must have been swallowing lots of blue pills not [...]

Euro Currency Breakdown / Dan Norcini / Tuesday, July 22, 2014

We have been watching the Euro closely here over the past few weeks and have noted that the 1.35 level has been a strong support zone on its price chart that has held the currency’s downside for the last 8 months. Today it broke through this [...]

Why Are TBTF Banks so Happy with the EU Banking Union? / by Don Quijones / July 10, 2014

Don Quijones, freelance writer, translator in Barcelona, Spain. Raging Bull-Shitis his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by political and business leaders and their loyal mainstream media.

On Tuesday, November 4th of [...]

Epic Portugal Damage Control To Preserve Bank Confidence: BES Resumes Trading, Surges Then Tumbles / by Tyler Durden / 07/11/2014 07:09 -0400

Following yesterday’s peripheral European poundage over fears of what a Banco Espirito Santo failure could mean to the nation, and to the Eurozone, but most importantly to depositor confidence everywhere, today has been an epic damage control session, with one sellside penguin after another, [...]

Russia Reveals “Plan B”: Gazprom Says Gas Transit Via Ukraine May Be Stopped Completely / by Tyler Durden / 06/30/2014 07:53 -0400

A few days ago, when we wrote our “explainer” on the need for Russia to have an alternative pathway for its gas, one which bypasses Ukraine entirely and as the current “South Stream” framework is set up, crosses the Black Sea and enters Bulgaria before passing [...]

Daily Nugget – gold at a two-month high / by Jan Skoyles / Jun 24 2014

The gold price slipped this morning before reaching another two-month high. Weak eurozone data and violence in Iraq continues to support the gold price, however speculators are no doubt awaiting the US and the West’s next steps in regard to the militant takeover [...]

Futures Exuberance On China PMI Fades After Eurozone Composite Drops To 6 Month Lows / by Tyler Durden / 06/23/2014 07:06 -0400

Following last night’s laughable (in light of the slow motion housing train wreck that is taking place, not to mention the concurrent capex spending halt and of course the unwinding rehypothecation scandal) Chinese PMI release by HSBC/Markit (one wonders how much of an [...]

Daily Pfennig: Gold Shorts Get Squeezed Out! / By Chuck Butler / June 20, 2014 8:07am

In This Issue.

* Gold soars, then backs off. * Currencies back off gains from Thursday. * Eurozone awaits LTRO repayment announcement. * Olsen does his best John Connally.

And Now. Today’s A Pfennig For Your Thoughts.

Gold Shorts Get Squeezed Out!

Good Day! . [...]

Fourth Largest Bulgarian Bank Seized After Bank Run: “Let’s Not Tear Down Our House” Central Banker Begs / by Tyler Durden / 06/20/2014 10:57

The small, impoverished country of Bulgaria may not be in the Eurozone (even though its currency is pegged to the Euro), but it is in the European Union. Which is why we find it surprising that there has been relatively little mention that overnight the fourth [...]

Blaming deflation / By Alasdair Macleod / 20 June 2014

With the Eurozone going to the extreme of negative interest rates and the IMF belatedly revising downwards their expectations of US economic growth, deflation is now the favoured buzzword. It is time to untangle myth from reality and put deflation in context.

Keynesian [...]

Draghi Hits Savers To Salvage Faux Recovery / By John Browne / June 18, 2014

On June 5th, Mario Draghi, President of the European Central Bank (ECB), announced a package of measures, including a policy of negative interest rates, aimed at encouraging or even forcing Eurozone banks to increase their lending to businesses.Although previously imposed by Swiss banks on [...]

It’s Official: Despite Media Hype, Eurozone STILL In Recession / Wolf Richter / JUNE 18, 2014 AT 1:13AM

The media and statistical agencies have been bursting at the seams with stories about the Eurozone’s increasingly healthy economy. Government budgets remain a mess. But no one really cares as long as bond markets are willing to fund these deficits and roll over [...]

Market volatility grinds to a halt / By Alasdair Macleod / 13 June 2014

There is uneasiness across a number of markets with moment-to-moment volatility grinding almost to a halt. It contributes to a feeling that this is the calm before a storm. It is not unusual for there to be a summer lull, or for one market to suffer [...]

One Down; One to Go / By Dan Norcini / June 5, 2014

The big day ( One Down) that we have been waiting for this week has finally arrived with the ECB taking some steps to provide a sort of monetary stimulus to the flagging Eurozone economy. They lowered rates from 0.25% to 0.15% and actually pushed the [...]

Daily Pfennig: A Soft Bias To Sell Dollars / By Chuck Butler / June 4, 2014 4:43am

In This Issue.

* Fed Monetary Balance increases. * While ECB’s decreases. * Weak PMI’s for Russia & India. * Swedish krona outperforms on data.

And Now. Today’s A Pfennig For Your Thoughts.

A Soft Bias To Sell Dollars.

Good Day! . And a Wonderful [...]

A lesson in democracy for Mrs Merkel (and her merry Merkelites around the Eurozone) by Alexis Tsipras, SYRIZA’s leader / By Yanis Varoufakis / May 30, 2014

Alexis Tsipras, leader of Greece’s largest political party (SYRIZA), and the European Left’s candidate for the Presidency of the European Commission, has just given Mrs Merkel (and her merry disciples around the Eurozone) an important lesson in democracy.

In an official statement just issued (and reported [...]

Edge of a knife! Eurozone: Countdown to Crisis? Yes or No? / By: TedBits / 26 May 2014

Europe is caught in the cross hairs of the exports of deflation from Japan and China. Delighted by the support to sovereign Bomb er bond markets, dogged by the too high euro from the capital flows and cursed by the lack of government, banking, regulatory and tax [...]

Winner Accuses French Government Of “Massive” Election Fraud / By Wolf Richter / MAY 26, 2014 AT 8:02AM

The French political class, as this lofty and permanent but universally despised layer of society is called in France, is mortified. In a historic victory, the right-wing, anti-EU, anti-euro, anti-French-political-class National Front (FN) won 25.1% of the vote for the European Parliament. [...]

Eurozone on Edge of a knife! – Countdown to Crisis? Yes or No? / Ty_Andros / May 24, 2014 – 06:22 PM GMT

Europe is caught in the cross hairs of the exports of deflation from Japan and China. Delighted by the support to sovereign Bomb er bond markets, dogged by the too high euro from the capital flows and cursed by the lack of government, banking, [...]

Daily Pfennig: Chinese PMI Print A Surprise! / Chuck Butler / May 22, 2014 8:29am

In This Issue.

* Global Growth gets a boost! * Eurozone PMI’s print as expected. * Brazilian real says I have volatility! * What’s up with two month old data?

And Now. Today’s A Pfennig For Your Thoughts.

Chinese PMI Print A Surprise!.

Good Day! . [...]

Deflation Propaganda: the Great Perversion / by Jeff Nielson / 14 May 2014 11:04

By now, regular readers are familiar with my metaphor for our societies: the Wonderland Matrix. The metaphor is taken from the movie of the same name. But the adjective “Wonderland” has been added, because the movie-version of “the Matrix” was a place of [...]

Daily Pfennig: ECB Prepares Stimulus Measures For June / By Chuck Butler / May 15, 2014 8:39am

In This Issue.

* Euro gets whacked again. * Renminbi & reals rally. * N.Z. Budget is not kiwi friendly. * Hell Hath No Fury.

And Now. Today’s A Pfennig For Your Thoughts.

ECB Prepares Stimulus Measures For June.

Good Day! . And a Tub [...]

Surge In Japan’s Economy Pushes Futures Lower, But European GDP Miss Welcomed By Stocks / by Tyler Durden / 05/15/2014 07:12 -0400

In this brave new centrally-planned world, where bad is good, very bad is very good, and everything is weather adjusted, Japan’s blistering GDP report last night, printing at 5.9% on expectations of 4.3% was “bad” because it means less possibility for a boost [...]

Goldman Says European QE Will Come In 2015 At The Earliest, If At All / by Tyler Durden / 05/12/2014 11:59 -0400

It appears someone finally read what none other than Mario Draghi said about the prospect of Eurozone QE back in December 2011. To wit:

Question: Why is it so impossible for the ECB to act like the other central banks, like theFederal Reserve System or the [...]

Angela Merkel On The Ledge: “This Is Not Fair… I Am Not Going To Commit Suicide” / by Tyler Durden on 05/11/2014 20:50

What is most remarkable about the following detailed FT profile of the Cannes November 3-4, 2011 G-20 summit (when Europe, knowing well virtually every other option had been exhausted and was forced to grovel for Chinese cash)…

…is not that Obama, facing [...]

EU Sees Political Deal On ESM And Bail-Ins By June / By Mark O’Byrne / 9 May 2014

EU Sees Political Deal on ESM And Bail-Ins by June EU finance ministers are nearing political agreement on how the EU’s firewall fund could provide direct aid to banks after bail-ins, Dutch Finance Minister and chairman of eurozone finance ministers, Jeroen Dijsselbloem has said.

The European [...]

ECB President Draghi Talks Down the Euro / Dan Norcini / Thursday, May 8, 2014

Apologies for the lateness of the comments. It has been a busy day.The big market movement today was in the Euro as Mario Draghi went out to meet reporters following the ECB’s meeting. As many of us suspected, he apparently has been getting an earful from [...]

Daily Pfennig: Wheeler Pulls Out His “Diss The Currency Stick” / By Chuck Butler / May 7, 2014 8:23am

In This Issue.

* Eurozone Retail Sales beat expectations! * Palladium nears 3 year high! * Canada prints Trade Surplus. * U.S. prints Trade Deficit.

And Now. Today’s A Pfennig For Your Thoughts.

Wheeler Pulls Out His “Diss The Currency Stick”

Good Day! . And [...]

Daily Pfennig: It’s All About The Currencies Today / Chuck Butler / May 6, 2014 9:29am

In This Issue.

* Spain & Italy PMI’s beat expectations * UK Services push sterling to 4-year high! * RBA leaves rates and hawkish statement unchanged. * Silver is stuck in the mud.

And Now. Today’s A Pfennig For Your Thoughts.

It’s All About The Currencies [...]