…Calmly observing the changing world

Just Say No – To Minarets The Swiss people have passed a ban on all minaret (a Moslem tower from which prayers are sung) construction within the country – despite the Swiss government’s active campaign against the ban. Unsurprisingly, worldwide criticism quickly flooded European media outlets. Presumably, tolerance should be extended to everyone – except [...]

Senior precious metals analyst John Nadler has recently and repeatedly said that gold is not in a bull market: We will repeat that which should be obvious, in case you have doubts about where this writer stands: Gold is NOT in a bull market. The dollar is in a bear market. Kitco No word on [...]

Earlier this year, Ireland lost its AAA credit rating, but now the assessment is much bleaker. Yesterday, Fitch cut Ireland’s credit rating by two “levels” to AA-. This puts the country on par with the Italians, and more likely to default than Slovenia or Abu Dhabi. Ireland’s woes are now familiar. Dependent on banking and [...]