Remember… When times were better, and money was better, when our space we live in was better. And now there is a war inside us. Disparate voices pulling us either to the past, or to the now, and but hopefully to a better place and a better future, since this one has been polluted by greed fear malice, hatred. How did we all come this far?
It is what the Blackhawk pilots radioed over Mogadishu, Somalia, it is what the once again popular deflation proponents forecast for asset prices and it is what Ben Bernanke has now radioed to the financial world with regard to the direction of interest rates on the long term treasury bond.
With recent weak economic figures contradicting strong 2nd quarter profits Mr. Market sent a message with The Hindenburg Omen last Thursday. What does a Hindenburg Omen mean for the market and why is it an important technical signal to respect?
At the moment, it appears that the gold price is being linked to the state of the global economic growth or lack thereof. Is it? Or are there other factors that contribute to the rise in the demand for gold? A look at the different types of demand gives us perspective on the real influences on the gold price.
As the summer doldrums fade and the winds of fate start to ripple the becalmed sea of financial confusion is there anything that can be learned from the cycles? Lets take a look.
For anyone who cares, here’s a snippet of the history on how the price of gold gets “fixed” in London each and every day: LONDON - The financial district known here simply as The City is a hotbed of the loyal Order of the Masons, who have a penchant for strange rituals.
Chart above of the Agri-Food Price Index makes a very clear statement on the state of Agri-Food prices. Index continues at a new cycle high. Versus the all time high of 2008, it is down only 3%. Those results compare more than favorably with the dismal results of the U.S. equity markets.
Current worries about another global economic slowdown began months ago with news of the euro-zone’s debt crisis, and more recently the austerity measures Europe has adopted to tackle budget deficits. Worries then worsened with reports of China’s slowing growth, and indications of the severity of the slowdown in the U.S.
Much of what passes for “insider” information these days is often conspiracy-edged or largely conjecture. True inside information is actually hard to come by. So what follows is the refreshingly candid and uncut version of my talk with a first-hand participant in the murky and little-understood world of gold bullion, mints, and bullion dealers.
