Threat Of Nuclear War Heats Up

Nuclear bomb

Peter’s Commentary: The threat of a nuclear war is now higher than during the Cold War. From Der Spiegel, Markus Becker: The Ukraine crisis has dramatically worsened relations between NATO and Russia. With cooperation on nuclear security now suspended and the lack of a “red telephone,” experts at the Munich Security Conference warn any escalation […]

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US 49th On World Press Freedom Ranking

World Press Freedom Rankings

Peter’s Commentary: I never thought I’d see the day when South Africa ranked above the USA for freedom of the press! When I lived in Johannesburg, The Star newspaper used to have a lot of its text blocked out, indicating how many lines and words were blocked out by the censors. World Press Freedom Rankings […]

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West Coast Ports Hit Hard By Slow-Downs

Dock

Peter’s Commentary: The US West Coast ports are partially shutting down four days this weekend. Shipping lines and terminal operators are stopping the unloading of ships on Thursday (Lincolns birthday), Saturday, Sunday and Monday (Presidents Day). This is because they don’t want to pay holiday overtime to the workers who they allege have deliberately slowed operations to […]

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Cease-Fire Agreed Over Ukraine

Cease Fire

Peter’s Commentary: A cease-fire agreement over eastern Ukraine has at last been worked out. It took more than 18 hours of nonstop negotiation. Ukraine’s Poroshenko, Russia’s Putin, Germany’s Merkel and Francois Hollande agreed to a truce that starts at 12 AM on February 15. The US was notably absent from the negotiations. Due to other cease-fires […]

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Greeks Threaten To Use Plan B

Plan B Contraceptive

Peter’s Commentary: The Greeks are pushing hard. They want a new agreement with the euro zone. The Greek Defense Minister Panos Kammenos threatened that they could always look somewhere else for help. “What we want is a deal. But if there is no deal – hopefully (there will be) – and if we see that Germany […]

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Fearing a Grexit, Greeks Buy Gold

Gold

Peter’s Commentary: This is why gold has been money for over 5000 years, whatever Bernanke says. When you’re worried about your own currency, you buy gold as insurance. Greeks Buy Gold Again From ZeroHedge, Tyler Durden, February 9, 2015 It never fails: Every time redenomination risks and the specter of the (New) Drachma rear its […]

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European Countries Fracture Over Ukraine

NATO General Secretary Stoltenberg  

Photo by Hakan Dahlstrom

Peter’s Commentary: Europe is no longer following the US’s stance regarding Ukraine. NATO Secretary General Stoltenberg stated on Sunday that each NATO country should decide whether to supply weapons to Ukraine. From ZeroHedge, Tyler Durden, February 9, 2015: The headlines are coming thick and fast but most prescient appears to be: Despite John Kerry’s denial of any […]

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Silver Chart Analysis

Silver Daily Chart

As we’ve already looked at gold this weekend, let’s take a very quick look at silver: Here’s the silver daily chart. Silver has been in a downtrend for the last two and half weeks. The MACD indicator is bearish with both lines pointing downwards and the signal line above the MACD line. The ADX indicator is also […]

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Taking A Look At Gold

Gold Daily

Here’s the daily chart of gold: Looking at the ADX indicator, you can see that the negative DI line is now firmly above the +ve DI line, clearly showing that bears are in control. The MACD indicator is also negative, having crossed over its signal line just before the end of January. Both lines are pointing […]

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Jobs Report Overwhelmingly Positive, But…

Change in Monthly Employment

Peter’s Commentary: Friday’s job report was overwhelmingly positive for the US economy. Employment in January increased by 257,000. And not only that, but November’s figures were revised upward from 353,000 to 423,000. Which is the largest monthly gain in over 4 1/2 years. December’s employment figures were also revised upward from 252,000 to 329,000. Safe havens for money […]

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