Gold is on the move.
Do not know it is early to talk about, but i think bullish gold and eu streak will end when we enter next month. Most possibly the october data from united states is good.
Gold support and resistances:
1366 - 1349 - 1331
The biggest obstacle is now fed talk, at wednesday, but i realized it has a corrective effect on gold price. My fear is a surge might happen to 1366 at wednesday. Anything is possible. 1350 resistance, is important. I believe…Continue
End week of this month. Gold is climbing, euro is surging, what can be said... what can be told... about this madness, this bad governance, this precise behaviour of the markets? I can only tell you this:
Check the august 28, check the june 28 and see for yourselves.
Aside from Fed, tapering already started, united states republican party decided to start tapering by themselves. It was only a matter of time before they intervened and they just did. It is ridiculous, to think…Continue
As i mentioned in my last blog, Bernanke is a genius of its kind, but every man has his limits. To understand these limits, one has to understand the economic model we are within, which is not capitalism anymore.
Capitalism was something else, it was about human needs, supply and demand, irrelevant things for nowadays economy, which i call "keynesialism", an economic model, solely focused on employment of huge masses of idle population.
The model works like this, three cavemen…Continue
I think Ben Bernanke is a genius. The US economy needed a stimulus, but since its economy was consumer based government initiatives wouldn't help. So he did something else...
By manipulating gold prices to immense levels, he created a baseline for stimulus debt since US government had 8000 tons of gold, the price increase would easily cover the debt for stimulus. That was the first part.
The second was about the 150000 tons of gold world had. The sudden price increase created…Continue