(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MIDDLE EAST ON THE VERGE OF A CEASE FIRE November 21, 2012 Violence in Gaza and Israel escalates as both parties are reportedly on the verge of a cease-fire.  Historically an escalation in fighting happens just before a cease-fire.  The reason is that both parties want the most advantageous position at the time of cease-fire. The oil markets are presuming no escalation beyond Gaza and Israel.  However, gold and silver momo crowd is predicting an all out war.  The momo crowd is not to be trusted as their analysis has

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) WHITE HOUSE ATTEMPTING TO REPLACE SEQUESTER November 16, 2012 One part of the fiscal cliff is a sequester agreed by the congress.  In its sequester, there will be automatic major spending cuts including major cuts in defense.  There are reports that the White House is discussing plans to push most of the deficit reduction into 2013 and replace the planned large automatic spending cuts only with small cuts now. There is a strong possibility that Republicans may go