by John Galt June 5, 2013 05:50 ET The Japanese Nikkei 225 got whacked again last night with a 3.83% loss or 518 point decline: (charts from YahooFinance) I haven’t seen panic set in over the last three weeks since Dunkin Donuts closed their capitol building location in New Jersey. The key to today’s action is to watch the Yen which is strengthening once again as our economic situation is starting to display the instability which most Americans feel on a daily…
by John Galt April 2, 2013 05:00 ET At this moment, imagine the reality of the world we live in and not the dictates of the psycho-babble globalist controlled mainstream media. The Chinese Communist Party is in disarray as a new leadership is ushered into power with strong influence from the People’s Liberation Army who wishes to exert its power over East Asia and permanently eradicate the dominance and necessity of dealings with the United States. In North Korea the new leadership is…
by John Galt June 5, 2012 23:00 ET I think this might be a good time for Americans to start paying more attention to not just Europe, but what is happening in the Far East. The following editorial is from China Daily, the Communist Chinese Party newspaper for foreign consumption. Escaping the dollar trap By Zhang Monan (China Daily) Direct yen-yuan trading is another step in China’s bid to extricate itself from excessive dependence on US currency As part of…
by John Galt May 20, 2012 21:30 ET After months of haggling, arguing, and bullcrap (much like the Federal Reserve’s nonsense) I have abandoned efforts to make the blovel/novel, “The Day the Dollar Died” which I first published in November of 2009 an online novel for purchase. Needless to say it was a huge success years ago and my readers need a refresher as to what can and probably will happen due to bankster incompetence when all is said and done. The names…
by John Galt January 8, 2012 18:30 ET The headline in tonight’s edition of the UK Telegraph caused me to do a double take, and the article in full (at the link below) was even more insane: Italian Prime Minister Mario Monti: ‘The euro is not in crisis’ Uh, since when did Italy go Dutch? This is the most absurd headline of the day but the story only makes it better when one starts reading the details inside of it: “The euro is not in…
by John Galt January 5, 2012 05:30 ET The implosion of the Euro is well under way and this will trigger a massive sell-off in the U.S. equity markets if the central banksters don’t break out their inner piggy and bail it out immediately. The technical condition is now shattered in the EUR/JPY swap with new decade plus lows being made daily and this morning being no exception: (from ForexPros.com – live 5 minute chart updates automatically) 96 is now in play in that swap…
By John Galt November 14, 2011 – 07:25 ET With the successful overthrow of the Greek and Italian governments by the powers of Northern Europe, one would think that the world would be stable and life would return to normal right? Uh, no. The adults(bond traders) are back at work today and the next two weeks are truly some of the last serious trading periods before year end. In Europe an Italian bond auction was less than enthusiastically received and indications are that investors are…
By John Galt November 11, 2011 – 05:25 ET S&P 1254 is resistance still, 1220 support. The bond market is closed today and there are many traders enjoying a day off so it means the kids will have free reign to ramp this sucker up so do not be shocked if we see a day of +12 on the S&P and 120+ on the DJIA. Adult supervision will return on Monday. Sunday night will be the key as the Yen is surging again this morning…
By John Galt November 1, 2011 – 23:00 ET The 5 year chart of the US Dollar vs. the Yen says it all: (Click to enlarge/reduce chart) No further comment is really necessary.
By John Galt October 26, 2011 – 06:30 ET The fate of the Western economies is up to France and Italy. Ugh. Meanwhile in fantasy and rigged market land, U.S. equities tanked on light volume again, but that has been the trend except during massive down moves in the market with the exception of one oversold rally. The 1 year NYSE volume versus price chart below highlights this fact: From the chart: 1. First break in August resulting in days of massive declines. 2. Oversold…
By John Galt August 3, 2011 21:45 ET Uh,paging the BoJ and SNB: It hasn’t worked in the last decade. I’m just sayin’….. First off, gaining altitude only makes your currency a bigger target for those who are playing the opposite side of the trade. In World War II that would mean the anti-aircraft gunners got another shot at you before you became shark bait. Secondly, committing suicide in the big one, WWII, resulted in who winning once again? Yeah but we ain’t winning this…
By John Galt August 2, 2011 Boom. No comment is necessary. (Top two charts from INO.com) Another all time high against the dollar…. BOOM! USD/JPY Maybe the Japanese will open up internment camps near Fukushima for anyone insane enough to buy dollars instead of Yen. That’s just brutal. Oh, and a death knell. Welcome to EpicFailureland. (Chart below from Yahoo Finance) I’ll have more tomorrow and on tonight’s show but let’s just say the Obama Economic Miracle is officially over. Now the next really super…
By John Galt August 1, 2011 Uh, so much for the Dow futures being up 180 last night….. Oops. Maybe the S&P 500 is roaring ahead to recoveryland: Oopsie again. MAYBE the NASDAQ and APPLEMANIA will save the day! Hmmmm…them damned TeaPartiers are sabotaging America once again. Maybe the dollar is surging against the Yen because after all, we’re just attempting to emulate them: Okay, can’t blame the Tea Party for this…let’s see if it is we can blame the Swiss: That pretty much sums…
By John Galt July 26, 2011 At this pace the next question will be 1:1 parity…..better watch this sucker overnight folks! (Chart is live and will update automatically from INO.com)
By John Galt July 26, 2011 The charts tell the tale of the faith the investing world has in the U.S. Dollar and our political leadership as the Swiss Franc has now achieved another all time high against the dying dollar: Meanwhile, despite denials, it would appear another failed intervention by the Bank of Japan was attempted last night as this chart demonstrates either a huge computer error or more likely an epic failure of an attempt to buy dollars and sell Yen to weaken…
By John Galt July 24, 2011 So the question becomes will it matter to the markets or won’t it? The early Forex read on the rumors about a Democrat Party proposal is “ugh, not again” and selling the dollar is all the rage. Stay tuned to this thread for charts, news, and updates. BREAKING 1750 ET PER CNN: Boehner to hold conference calls with Republicans at the same time Pelosi and Reid meet with Obama. No further details. UPDATE 1825 ET: Well, the futures markets…
By John Galt July 20, 2011 Until 4 pm today the Yen was surging against the US Dollar as it appears another flight to safety is underway, including a flight away from the Euro and Dollar thus distorting the normal flight to safety most perceive in the markets. If the Yen breaks 78 and the BoJ decides to stand on the sidelines while capital floods into their currency along with the Swiss, it is a direct indication that the default risk in Europe has grown…
By John Galt July 13, 2011 I’ll leave this final posting of the night short, succinct, and to the point; the chart below is not indicative of a healthy nor sustainable FOREX market. As I do not have access to every piece of information in the world available to some, I can reliably state that the surge in gold and currencies like the Yen indicate a crisis of massive proportions is on the horizon and it portrays a poor conclusion for the U.S. and Europe.
By John Galt June 8, 2011 If you want some hint about how 2008 is about to repeat as I highlighted in this week’s video watch these currency pairs again as the dollar has cracked against the Yen and the Euro is not doing much better. The reason the markets are about to crash is the same as 2008, a liquidity crisis because the Fed will not be there to bail out the regional banksters, municipalities and states in financial trouble, the sovereign debt crisis…
By John Galt June 6, 2011 The Dollar-Yen chart this morning is sending a new warning as the JCB/Federal Reserve/ECB intervention is going down in flames and the 80 level is once again on the verge of being broken: (from INO.com) The Euro-Yen exchange is following a similar pattern but is not in danger of re-testing the all time lows: This is clearly a warning signal that the financial system is under stress, probably from the European Union’s flailing PIIGS and hints that there are…
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