Japan’s Nuclear Watchdog Sees Ocean Dump for Fukushima Water

“Tokyo Electric Power Co. (9501)’s plan to manage radioactive water at its wrecked Fukushima plant may include a controlled discharge into the ocean once its toxicity is brought within legal limits, Japan’s nuclear regulator said. Nuclear Regulation Authority Chairman Shunichi Tanaka said today the ocean dump could be necessary as the country’s government prepares to […]

Continue reading

Japan Salaries Extend Longest Fall Since ’10 in Threat to Abe

“Japan salaries extended the longest slide since 2010 in July, raising the stakes for Prime Minister Shinzo Abe’s decision on whether to increase a sales tax. Regular wages excluding overtime and bonuses dropped 0.4 percent from a year earlier, marking a 14th straight month of decline, according to data released today by the Ministry of […]

Continue reading

“The Market Forces Will Destroy Central Banks”

“In this conversation for Matterhorn Asset Management, financial journalist Lars Schall talked with internationally known investment advisor/fund manager Marc Faber about, inter alia: the main beneficiaries of the current monetary policies undertaken by central banks around the globe; the Fed’s tapering; why Faber does still believe in gold; and his bullish view on crude oil.” […]

Continue reading

Europe fears 'uncontrolled protectionism' as emerging markets turn against free trade

“The EU trade’s body said 154 new tariffs and restrictive measures have been pushed through over the past year while “virtually none” has been abolished. This violates a promise by the G20 bloc of leading powers to dismantle barriers before they become embedded in the global system. “It is a striking phenomenon. Looming protectionism is […]

Continue reading

Syria, Pipeline Politics, OPEC & the USDollar

“Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Coop, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce and banking. Refer to trade settlement outside the USDollar […]

Continue reading

Art Cashin Warns Of Massive Gold Short Covering & Contagion

“Today 50-year veteran Art Cashin warned King World News that the recent short squeeze in gold may continue and possibly even intensify.  Cashin, Director of Floor Operations at UBS ($650 billion under management), also warned that about the potential of a dangerous contagion developing in the currency markets.”   Continue reading kingworldnews.com

Continue reading

Gold Daily and Silver Weekly Charts – End of Month and Delivery Period Antics

“The US is having a three day weekend because of the national holiday on Monday. Let’s see how the rest of the world muddles through in the markets without its guidance. War drums are still beating for Syria, but with Britain standing aside there is a bit of a wobble. Have a pleasant weekend.”   […]

Continue reading