Thatcher v Euro – Was She a Prophet?
Thatcher knew the Euro would fail and stated bluntly that the “government believes in the pound sterling”.
“We had arguments which might
persuade both the Germans – who would be worried about the weakening of
anti-inflation policies – and the poorer countries – who must be told
that they would not be bailed out of the consequences of a single
currency, which would therefore devastate their inefficient economies.”
TIME & PRICE
Your benchmark time points stress time yet you still picked price can you explain?
—NI
ANSWER: Yes, we give projections for the ideal targets, but they are broad in one way and when geared with time they can be more reliable. But as in the Dow, there were three 18500, 23000 and 40,000. If this was the end of a bull cycle, then the 18500 would be sufficient. However, we still have time so that means we should look at the next target.
Technical projections will be provided at the specific time target. TIME is the main issue ALWAYS. There is a TIME for everything. When we reach the Benchmarks, it will not matter if the low in gold will be $902, $875, or $680.When TIME runs out that is it. That is always the key issue. PRICE is secondary.
Ebola Returning?
COMMENT:
Marty In your report on diseases you had mentioned that Ebola will initially fade but be back in full force in 2016 going into 2020 with devastating results. Looks like you are right again. Please see report from CNN about Ebola coming back to Liberia. http://www.cnn.com/2015/11/21/africa/liberia-ebola-return/index.html Would Ebola be restricted to Africa or are we going to see worldwide outbreak this time.
Thanks
SJ
REPLY: It is amazing to me how outside of physics, the world remains ignorant of cycles which control absolutely everything right down to the cycle of life. Ebola like everything else conforms to cycles. It will not stay confined to Africa. The importation of refugees into Europe will also provide a carrier for disease. Politicians are totally ignorant of life in general. It was Gaëtan Dugas (February 20, 1953 – March 30, 1984) who was a Canadian employee flight attendant of Air Canada who brough AIDS from Africa to North America. It was the Centers for Disease Control and Prevention who traced it all back to this one individual they called “patient zero”. Despite the fact this has been disputed, the point is that someone, if not Dugas, crossed borders transporting the disease with them.
Another tremendous risk is criminal prosecutions in the USA. Anyone charged with a crime takes precedent over anything else. There is no question that with all the cross-border connections taking place right now, it is impossible to contain any diseaase to one area.
Market Talk – November 27, 2015
Both the black and the yellow gold’s were back under pressure today as both lost ground. Oil gave back much of the short-term midweek rally falling 3% closing $41.77 having rejected the $40 level earlier in the week. Gold also saw weekend selling losing $17 today to close $1056 and in Euro closes this evening below €1000.
Again the money finds its way into the US Dollar with the DXY closing this evening/week above the psychological par level at 100.06 (+0.25%). GBP was again a talking point as it approached the $1.50 area. The Russian Rouble held its ground well today slipping against the USD by only 0.5%. The Brazilian Real continues to trade heavy closing the day -3%.
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