At the precipice of disaster

I haven’t been posting too much over the past several months as things in our country continue to deteriorate at the usual pace, fast and un challenged!

 

The economy is fragile and the ‘medicine’ that Ben Bernanke is giving the ‘system’ will soon become the poison–it is inevitable. This is not just me spouting [...]

Your Money and Risk Today

I have to mirror something one of my best sources in financial, especially gold, markets said last week: How can anyone put their money with a clearing house given todays risks. This was from the mouth of Jim Sinclair, a highly respected voice in the metals and mining markets.

 

After the bankruptcy of MF [...]

Euro Problems not Over

Since my last posting on this subject,not a whole lot has changed. Well, except the fact that this situation is getting worse, as we all knew it would, and the markets are noticing.

 

The stock markets have fallen in 3 of the last 4 days and most of the MSM is placing the blame [...]

Still no JOBS!

AS helicopter Ben Bernanke testifies before Congress, we see yet again that all the quantative easing that the Fed has done has yet to ‘jump start’ the economy. At best and this is a huge supposition, the economy isn’t in total shambles.

 

On the human end of things, most people that are still without [...]

Moodys set to downgrade Spain to JUNK!

Spain is poised for a downgrade to junk by Moody’s Investors Service, according to investors who sent the cost of default insurance for the nation’s biggest banks and companies close to record highs. [...]

Post Greece Vote…what has changed?

We are now a week out from the infamous vote in Greece to decide whether they stayed in the Euro or left. What has changed? To be quite honest, nothing! Our markets continue to be very volatile, including gold and silver. The markets, especially the sovereign debt markets are getting hammered. Spain is on the [...]

Greece…No one is convinced

Just a day after Greece voted to ‘stay in’ the EC, Spain’s bond yields hit Euro record highs, saying the markets are not at all convinced that this crisis is over-not by a long shot [...]

Forex after market closed Sunday due to Greece elections

Oanda, which offers ‘after market’ trading will not accept trades this Sunday due to the potential for wild volatility as Greece election results come in. The ‘Forex’ market will open as usual Monday morning.

 

This is huge folks. I can’t remember a single instance of this occurring and I have been in the business [...]

Euro Collapse Imminent

With Greece wanting out of the EC and further economic woes hitting all the ‘PIGGS’, some are reporting that the Euro has collapsed, at least unofficially. [...]

Iceland could be the model for economic crisis

Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population…“You could safely say that Iceland holds the world record in household debt relief,” [...]

S2T-2