The gold bull market becomes more interesting with every day. Based on disastrous economic fundamentals it now seems to be able to withstand hits of any size. In a surprising move the IMF announced on Tuesday (CET) that it had sold 200 metric tons of gold to India in the last two weeks, valuing th ... Read more

As Obamacare dominates the American lamestream media, the fundamentally most important news for oil and the dollar was to be found first in the Theran News on October 27. The Iranian Oil Bourse was finally inaugurated last Monday, after such a statement was already made in February 2008 , leaving ro ... Read more

Although I do not accept ads to exclude any possible conflict of interest as I run this blog as a non-commercial service to help my own investment decisions, I think it is nevertheless time for a bit of shoulder patting concerning the success and reach of this blog after the first 700 posts. Always ... Read more

This English-French rap video reflects today's world very well. Enjoy it. H/T Victor! ... Read the full post ... Read more

So you think this spike in US economic activity in Q3 2009 is the beginning of the next upleg? Better think twice. Not one of the major problems like exploding deficits, unemployment, quirky wars that are now questioned by the US own top Asia specialists in a Washington Post interview , a coll ... Read more

Excuse my absence in recent days. Waking up to the news that US President Barack Obama was awarded the Peace Nobel Prize - is yet known to what charity he will give the $1 million coming attached with it? - I cannot resist the impression that we have landed straight in George Orwell's "1984" ... Read more

The latest FOMC Minutes from the September meeting of the Fed support my inflationary fears. While showing a rift between hawks and doves the Fed makes it clear that it will remain on the (fantasy) bid for whatever dead investment instrument comes along. The Fed's staff forecasts is bullish as ev ... Read more

Rub your eyes and read this: Astonishingly, given the ruin associated with his name, Karl Marx is back in fashion. The global economic downturn has spurred sales of "Das Kapital" to an all-time high; Michael Moore with his latest movie rivals the Original Communist in denouncing the evils of capita ... Read more

Now that's a good one. Only 4 months after " Moody's Offers Training Courses on CDO/S - After Getting 99% of Ratings Wrong " there appears to be a polar reversal at the ratings agency that got 99% of its CDO/S ratings wrong. SCREENSHOT: While once offering such courses the wizards of the ABCD ... Read more

" Go ogling " the terms " property crisis britain " this is my favorite as the Brits lead in coming up with a truly reasonable new traffic sign. Use it for more or less any new town worldwide that is built on debt while we face a global recession. It is a delight to point readers to House ... ... Read more