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Martin Armstrong's latest examines the S&P downgrade of the US, and the implications going forward. Armstong states that last Thursday's 500 point equity rout was a result of S&P leaking […]
So...when's the weekend guys? Oh wait...its only Monday night. Nikkei -4.43%Hang Seng -6.5%Korean Kospi -9.5%DOW Futures -264 Europe to open soon, which should see the SocGen/ UniCredit collapse rumors only […]
$1750! Man, a guy can't even hit the gym for 2 hours at night without gold skyrocketing! Gold is now within ticks of $1750 (the long awaited $1650 suddenly seems […]
Rumors have been swirling all day about the imminent collapse of Bank of America. As if the threat of BAC failing isn't enough to send the market into a panic, […]
DJIA has crashed into the close, closing at the lowest levels of the day down 633.78-the biggest single day sell-off since the -777 Paulson Put that ushered in TARP. Bank […]
Morgan Stanley ClientServ Temporarily Unavailable, withdrawals not currently being processed. Is the start of the modern bank run? Got Phyzz?
DOW ticks at -600Bank of America ticks at $6.26, down 27%. Citi ticks down 21%. Gold breaks $1720. Silver HOLDS at $39.30. If this was 2008, silver would be below […]
Glad our President can instill so much confidence. Gold vaults another $10 when Obama opens his mouth, hits new all-time nominal high of $1721.10, up $55 on the day, and […]
We are speechless. Just speechless. JP Morgan's Colin Fenton has just released an updated outlook for gold following the US downgrade to AA+ by S&P Friday. JPM now calls for […]
*UPDATE: Obama moves press conf back to 1:30pm EST. Still will be live here...whenever Obama finally cups the 18th and reaches the teleprompter. Those interested in watching Obama's statements regarding […]
And now we know why Buffet was all over S&P this weekend. No chance he had inside knowledge of this, right? Right!?!*S&P Changes outlook of Berkshire Hathaway Inc to Negative […]
*Update: Down 17% to $6.83*Update 2: Down 18% to $6.72BAC is imploding as we type, and has broken below $7. Down 15% on the day to $6.87, Zerohedge reports that […]
About time that the market returns the favor to The Morgue for never-ending silver take-downs. JP Morgan Chase & Co. Common St (NYSE: JPM ) Real Time 35.49 2.11 (5.56%) […]
And there it is. S&P downgrades Fannie Mae and Freddie Mac from AAA to AA+. We've been warning readers that Fannie and Freddie would be downgraded today by S&P. Things […]
*Update- silver raid intensifying- $38.51The cartel has been at work since the COMEX open. They have now successfully stuffed gold back under $1700, and silver under $39. The gold/silver ratio […]
Um....Um.... S&P has downgraded the Depository Trust and Clearing Corporation (DTCC) to AA+. The DTCC provides clearance and settlement for all equity trades, and is the actual owner of your […]
*Update- Dow plunging again, now down 300 DJIA drops 250 on the open to 11,193, now down only 150. Plunge protection team getting some work in today. No need yet […]
S&P warned (in the fine print at the end of the US downgrade released Friday night) that they would announce numerous further downgrades on Monday (that's today) including US agency […]
CFTC Whistle-blower Andrew Maguire made his first public appearance at GATA's Gold Rush 2011. Headlines from his speech are presented below. *Andrew Maguire: I am confident the outcome of the […]