Monthly archive April, 2013
Gold Drops Most in 30 Years, China Economic Results Softer than Expected; Boston Marathon Turns Deadly
Previously, levered hedge funds were forced to sell gold on stock margin calls. How long until today’s gold plunge, the largest 2-day drop in the past 30 years, forces funds to start selling stocks to meet margin clerk’s vocal demands some time around 2pm today? The rapidity of gold’s drop is impressive, concerning, and disorderly....
Carnage Continues as Commodities Melting!
What a day as Gold slammed an additional $149.10 @ 1352.00/USD/OZ, it did breech USD$1350 at one point. While Silver gets beat up as well down $3.90 @ 22.65USD/OZ after testing $28 /OZ the previous week. No commodity was immune as even Oil was slashed $3.90 to $87.39USD/Barrel. There may be something sinister brewing as...
Insanity Leads to Tragedy for what Purpose?
The Boston Marathon, first run was in 1897 and is considered the most prestigious in the world as it attracts about 20,000 runners each year, most of whom have met a qualifying standard in another race. Today evil takes over a tradition as some individual without a conscience or organization trying to make a statement...
What’s Happening? Commodities Melting!
What a difference a day makes as disappointing numbers in retail sales sends the metals reeling! Gold slammed $60.90 @ 1504.00/USD/OZ, it did breech USD$1500 at one point. While Silver gets beat up as well down $1.35 @ 26.34USD/OZ while testing $28 /OZ the previous day. The market seems to be telling us that the...
U.S.A. Retail Sales Drop the Most in Nine Months; Michigan Consumer Sentiment Down. Poverty in The U.S.A. Exploding.
Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. The 0.4 percent decrease, the biggest since June, followed a 1 percent gain in February, as 85 economists surveyed called for an unchanged reading in March. Department stores...
The Masters Weekend
In respect to the Masters Tournament this weekend a little break to enjoy something positive. For my golfing buddies – a Good one! http://www.youtube.com/watch?feature=player_embedded&v=2NCDYjHtEcU Sincerely-Philip Magnoli, my friends call me Don Filippo-The FX Specialist- www.donfilippo.ca 416-362-1300 1-877-943-6739 Don’t Forggetta About Me!
Bitcoin a Virtual Currency in High Demand
Precious metal markets probed lower overnight but good Asian related buying in gold, appears to have stabilized for the time being. New York open shows gold firmer up $5.10 @ 1563.40/USD/OZ, while Silver is down 0.06 cents @ 27.60USD/OZ. Lot of attention recently has been focused on the Bitcoin, a virtual currency, not tied to...
Jim Sinclair: Conflict Erupts As Elites Plan More Wealth Destruction
Jim Sinclair warned King World News that conflict has now erupted between Western central planners as the elites have planned further wealth destruction. Sinclair also cautioned that people in the US and Canada will be shocked when their wealth is stolen. Below is what Sinclair, who was once called on by former Fed Chairman...
Dreams Can Become Reality When John Mayer is Involved
Yesterday I decided to sign up for guitar lessons and hire a voice coach , this left my wife a little puzzled, as all she could say was, Why? Well if you didn’t hear the news John Mayer announced he was calling it quits with Katie Perry. As the world around us crumbles economically, the...
Commodities Melting as the World Turns!
With all the confusion in this World and saber rattling of potential conflict on the Korean Peninsula, Gold is off USD$6.00 to 1546.80/USD$/OZ; after hitting a recent high of UD$1607.The Manipulators are out there continuing to take individuals out of their long positions to cover their shorts. How did Greece, Cyprus, Spain, Italy and issues...
Japan Adds More Stimulus to Its’ Economy as Europe Remains the Same Old.
The yen headed for its biggest one-day decline against the dollar in more than two months after the Bank of Japan announced larger-than-expected monthly bond purchases at the conclusion of a two-day meeting, as reported by Bloomberg. Japan’s currency slid versus all of its 16 major counterparts as BOJ Governor Haruhiko Kuroda and his peers...
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