Posted by Martin Armstrong
As we enter 2014, we may see Greece simply enter a default on its debt. This whole Euro nonsense is collapsing and we will have the May Elections in 2014 for the EU. Of course, even if the people voted for reform, the EU Commission has entered rules that even if the ELECTED politicians vote against the Commission, the Commission need not comply with any vote. Only the Commission can introduce legislation.Never anyone elected. Newly elected politicians can refuse a proposal from the Commission, but the Commission can still do as it likes and no vote can alter their agenda. This whole thing is one giant dictatorship clothed in a pretend Democracy. The EU Commission even covertly manipulated the Italian elections to get rid of the last Prime Minister Berlusconi because he was considering taking Italy out of the Euro. In Germany, Angela Merkel has rejected any more direct referendums whatsoever.
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In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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