Asia markets follow the US market weakness with the major
indexes down across the board. Australia is hit the worst with the SPASX200
down -1.3%. Miners are beaten and iron ore prices print
[Text is Redacted: Purchase September 2014-09 to Read the Complete Chronology]
.8% to 17.65. Copper dumps -1.7% this week so the doctor drags the broad indexes lower. The CRB recovers +0.3% this week with a dead cat bounce after the drubbing from 315 to 277, -12%, over the last 3-1/2 months. GTX prints negative on the week.
[Text is Redacted: Purchase September 2014-09 to Read the Complete Chronology]
.8% to 17.65. Copper dumps -1.7% this week so the doctor drags the broad indexes lower. The CRB recovers +0.3% this week with a dead cat bounce after the drubbing from 315 to 277, -12%, over the last 3-1/2 months. GTX prints negative on the week.
Coal stocks are burned and buried this week. President Obama set out to destroy the coal industry and has succeeded. KOL is down -5% this week. ACI collapses -21%. BTU -9%. WLT -30%. The coal industry economically supports rural areas in states such as Pennsylvania, Ohio and Kentucky but these families are now scrambling to find a way to make ends meet as they watch the rich become filthy rich off the Fed’s monetary policies.
The Chicago airports remain closed with well over 1500
flights cancelled today and the downtime expected to continue for several days.
The FAA radar facility was set on fire deliberately by a worker that was told
he was being transferred. Bitcoin officials meet with US Special Ops to address
concerns over money-laundering and the movement of illegal goods using the virtual
currency platform.
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