Tuesday, January 27, 2015

Keiser Report: Markets Mind Carnage

From RT

Published on Jan 24, 2015

In this Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss mind carnage in the markets as price discovery goes astray due to market intervention, and the rise of vigilante groups around the world looking for Rolex watch and Gucci belt wearing politicians.

In the second half, Max interviews businessman, radio show host and anarchist, Jeff Berwick, about becoming a taxpayer, living in Mexico as a tourist and the ending of the drug wars.

Monday, January 26, 2015

Happy Australia Day

Happy Australia Day to all my followers

Sunday, January 25, 2015

SD Metals and Markets - Cartel Setting Up PM Classic Raid On Next Week's FOMC?

From SilverDoctors

Boom Bust - Currency wars in the EU

From Boom Bust

Quote of the Week

It is not death that a man should fear, but he should fear never beginning to live ~ Marcus Aurelius

Saturday, January 24, 2015

Weekend Chillout - My Baby Just Cares For Me

My beautiful friend Frances played and sang this Nina Simone classic to me last night, it made me feel were both transported to another time and place.

Frances Madden playing "My Baby Just Cares For Me"

Friday, January 23, 2015

Peter Schiff on ECB 'easy money'

From RT

Gold Rallies on ECB QE Announcement

From the smh.com

The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy.

The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.

Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing programme will release 60 billion euros ($84.5 billion) a month into the economy, ECB President Mario Draghi said.

By September next year, more than 1 trillion euros will have been created under quantitative easing, the ECB's last remaining major policy option for reviving economic growth and warding off deflation. The flood of money impressed markets: the euro fell more than two U.S. cents to $1.14108 on the announcement, and European shares hit seven-year highs.

Read more

As a result of the above ECB move the USD:AUD fell 0.80 and gold broke through US$1300.

Gold rose less than 1% for the trading day but with large intraday swings in London and New York trading hours.

We can all see clearly now why the Swiss de-pegged the Franc from the Euro last week, it was bad enough to bail on a falling Euro but a Euro that is being set on fire.....