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Central Bankers, Modern Day Witchdoctors 27 Aug 2013 | 12:55 pm

The FT and Our Monetary Shamans As our long time readers know, we regard the Financial Times' editorial line in monetary matters as terribly misguided. The paper is strongly in favor of Keynesian ...

Gold Bumps Into Next Resistance Area 26 Aug 2013 | 03:51 pm

Friday Strength Brings Gold to Next Important Level Until Friday, Gold had an uneventful week, moving back and forth and at two points retesting its old short term resistance level, which served a...

Another “Patriotic” Step on the Road to Tyranny 26 Aug 2013 | 03:42 pm

Another “Patriotic” Step on the Road to Tyranny Here’s the latest from Bloomberg: As many as 50,000 stray dogs roam the streets and vacant homes of bankrupt Detroit, replacing residents, menac...

Italy: Where Entire Factories Are Shipped Out Overnight 26 Aug 2013 | 03:31 pm

Disappearance Act One day you see it, the next you don't. Fabrizio Pedroni's Firem Srl., a maker of electrical car components, that is. According to a report at Bloomberg late last week, the owner...

The Magical ‘Second Half’ 24 Aug 2013 | 03:05 am

The Glass is Always Half Full No matter where one looks, or what year it is for that matter, the constant refrain of economic commentators is that there will be an economic recovery in the 'second...

Goldman Sachs Got Us on Gold; Why They Won’t Get Us on Stocks 24 Aug 2013 | 02:50 am

Goldman Sachs Got Us on Gold; Why They Won’t Get Us on Stocks This is a story of how the big banks pulled gold prices from under our feet, but why their plan for the stock market won’t pan out … W...

The Nature of the State 24 Aug 2013 | 02:43 am

Freedom of the Press, the UK Version As 'Der Spiegel' reports in its German-language edition, the destruction of the storage media containing the Snowden material which the UK government ordered t...

Theory of Interest and Prices in Paper Currency Part V (Falling Cycle) 23 Aug 2013 | 05:14 pm

Theory of Interest and Prices in Paper Currency Part V (Falling Cycle) In Part I, we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity. We showed that whatever ...

Crash Alert! 23 Aug 2013 | 04:39 pm

Crash Alert! Our operating hunch is that US stocks, Treasurys and gold have all turned over recent months. After 33 years of falling, Treasury yields are now climbing higher … After two years of c...

A Few More Gold-Related Charts 22 Aug 2013 | 11:59 am

Short Term HUI After the very weak close in the HUI in Wednesday's post FOMC minutes trading, we decided to take a closer look at the very short term time frames. We do this sometimes to get a bet...

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