Friday, June 07, 2013

Market Week in Review

S&P 500 1,643.38 +.78%*


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The Weekly Wrap by Briefing.com.


*5-Day Change

1 comment:

theyenguy said...

Stocks, VT, seen for example in the chart of the S&P 500, $SPX, SPY, have turned lower on the failure of credit, AGG, during May 2013.

Fiat money died on May 24, 2013 with the failure of currency carry-trade investing, ICI, and disinvestment out of Junk bonds, JNK, on the failure of the world central banks’ monetary authority, and especially the Bank of Japan’s Kuroda Abenomics monetary policies.

Yes, a hard killing frost, has come to the credt market, with a parabolic steepening of the 10 30 US Sovereing Debt Yield Curve, $TNX:$TYX, seen in the weekly chart of the Steepner ETF, STPP, rising parabolically in value.

Liberalism’s credit is being replace by Authoritarianism’s debt servitude and austerity.

And Liberalism’s currencies are being replaced by the diktat of regional governance.

Wealth can no longer be preserved by investing in stocks, but can only be preserved by taking physical possession of gold bullion or by owning and trading it on Internet trading vaults such as BullionVault or Gold Is Money.