Stockexchange transactions

Sold all my PBR @ ~ 70.80
Looking to buy it back @ 65.50 - 68.50

Another funny debate with Peter Schiff :o)

Stocks...

Even EUR, GBP and USD have separated ways, the stock indexes - German DAX, English FTSE and Dow - moves as a packet...

Gold clearly overperform all "normal" stocks.

Not shown here, but from the beginning of the year gold overperform EUR, but not too much. Thats because gold corrected from $1,000 and is trading $930 at the moment.

2 articles from Dollar Daze

"Paper money eventually returns to its intrinsic value - zero."
(Voltaire, 1694-1778)

Sinking Currencies
by Mike Hewitt
http://www.dollardaze.org/blog/?post_id=00402

Fate of Paper Money
By Mike Hewitt
http://www.dollardaze.org/blog/?post_id=00405

Sasho birthday

Sasho birthday selebration took place yesterday. However for the moment I have no pictures of the event. That's why I publish this picture with the washmachine ;)

Marc Faber on FED and US economy

http://www.cnbc.com/id/15840232?video=779857797

Bonddad on euro

Affter the dollar, now Bonddad on euro:
http://bonddad.blogspot.com/2008/06/forex-fridays-euro.html

Forex Fridays -- The Dollar

from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/forex-fridays-dollar.html

Dow broke JAN low - update

Noticed how Dow do not crossed 11,500?
today high until now is just 11,485.25...

I believe the resistance is 11.6xx (see the previous post),
but looks like 11.500 is resistance now.

Zemliane - Trava u dome

Zemliane - Gras at home
This was such a hit in 1980's, and not only in USSR, but in Bulgaria too.
Even today, when Russian cosmonauts go to space, they listen this song.

Breakout!

Breakout!
Peter Degraaf Jun 23, 2008
http://www.321gold.com/editorials/degraaf/degraaf062308.html

Dow broke JAN low - close

Note following:
1. Dow close bellow JAN low.
2. Dow close bellow JAN intraday low.
3. Dow close bellow MAY 2006 top - 11,670.19.
4. First important long term support @ JUN/JUL.2006 bottom - 10,683.32 . This does not mean there are no supports on the way down.

3 ways to lower oil prices...

The worse is he believing himself :)

Dow broke JAN low...

We need to wait and see how it will close.

FED's day

FED... FED is in a box. They kept rates steady.

They can not raise, because will kill the stockmarket.

They can not cut, because oil and inflation will go through the roof. Remember, the inflation is not the kind'a inflation from 1970's, is because of those greedy oil companies, with their huge profits...
...but there are good news - they are smarter now. They know how to fix the deflation problem, only if they create enought inflation, but at the same time they need to look "hawkish", and speak what they are concern. As Peter Schiff say - If they were concern about inflation, they would not cut at the first place.

However, the marked cryed - CUT, CUT, CUT... Now, same people scream - RAISE, RAISE, RAISE... I guess same people screamed "Crucify him" almost 2000 years ago?

I say - buy gold now :-) or at least go out of the dollar.

What others say:

Fed keeps rates on hold, plus thoughts on the post-meeting statement
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/06/fed-keeps-rates-on-hold.html

Home Sales Confirm that the US Is Now in Recession
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/home-sales-confirm-that-us-is-now-in.html

Peak Oil Truths & Consequences

http://www.moneyandmarkets.com/Issues.aspx?Peak-Oil-Truths-and-Consequences-1908

written by Sean Brodrick 06/25/2008

Interesting view on gold

Wednesday's Commodities Roundup
from The Bonddad Blog by bonddad

http://bonddad.blogspot.com/2008/06/wednesdays-commodities-roundup_25.html

I do not agree, but he is bullish too.

Readings...

Vietnam Suspends Gold Imports
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/319159651/vietnam-suspends-gold-imports.html

Dow and Gold: Very Different Bull' Markets
by Gary Tanashian
http://www.safehaven.com/article-10600.htm

Fed Meeting: The Long-Lasting Costs of Inflation
by Adrian Ash
http://www.safehaven.com/article-10597.htm

Food for thought on the big picture and inflation ahead of the Fed
by Mike Larson
http://interestrateroundup.blogspot.com/2008/06/food-for-thought-on-big-picture-and.html

Offensive comments

Offensive comments removed. If you want to advertize here, please contact me ;-)
I wrote this before, and will write it again - All comments are moderated and we do not accept any Offensive, SEO or Advertizement comments.

EUR/USD - quick chart

EUR/USD - 5 min chart with levels.

Readings... from SafeHaven

Honest Money Gold and Silver Report: Market Wrap
by Douglas V. Gnazzo
http://www.safehaven.com/article-10573.htm

Honest Money Gold and Silver Report: Platinum and Palladium Ready to Rumble
by Douglas V. Gnazzo
http://www.safehaven.com/article-10589.htm
(great document for palladium)

Silver and Gold Market Update
by Clive Maund
http://www.safehaven.com/article-10570.htm
http://www.safehaven.com/article-10571.htm
(once again I do not agree with him, his analysis is simply funny)

Transactions conducted yesterday...

MFN - buy @ market open
PBR - was not fast enought so is not filled, but was about to buy @ 64.75

Readings...

Gold Oil Ratio is at an Extreme
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/gold-oil-ratio-is-at-extreme.html

Global GDP 'Density' per Square Kilometer
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/global-gdp-densit-per-square-kilometer.html

GM's Ridiculous Bluff
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/318657685/gms-ridiculous-bluff.html

Job Cuts Increase Economic Stress
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/318190058/job-cuts-increase-economic-stress.html

Today's Markets
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/today.html

Birthday...

Eva's birthday. Me and Sasho are seen at the corner too.

Housing via Doug

The chart is from Doug's market wrap - http://www.honestmoneyreport.com

Minutes

Josif Kobzon - the Russian Frank Sinatra, sings Mgnovenia (Minutes). The song is from famous spy-movie "Seventeen minutes from spring". This video I think is from 1973.

Market club demo

Doug Eberhardt bring to our attantion that
MarketClub gives absolutely free 2 week subscription:
http://www.ino.com/info/74/CD1/&dp=0&l=0&campaign=7

Readings from yesterday

Oil Market Roundup
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/oil-market-roundup.html

Oil Prices Are Killing the Airlines
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/oil-prices-are-killing-airlines.html

Wednesday's Commodities Roundup
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/wednesdays-commodities-roundup_18.html

Honest Money Gold and Silver Report: Market Performers in 2008
by Douglas V. Gnazzo
http://www.safehaven.com/article-10550.htm

back to year 1929

Nice collection of article abstracts from 1928-1930 :-)

http://www.gummy-stuff.org/1929-crash.htm

Get Used to Oil Volatility -- the Bubble May Last Longer Than Expected

Watch the video. Then read the comments.

People still not get it. I am amazed and have no words...
Some still thinks there is a bubble, other expects ... $40 oil again.

http://finance.yahoo.com/tech-ticker/article/28315/Get-Used-to-Oil-Volatility----the-Bubble-May-Last-Longer-Than-Expected?tickers=STO,USO,OIL,DUG,XOM,COP,CVX

Nick.

What is US Core CPI ?

Honestly I did not know how exactly CPI was defined,
I only knew that it excludes food and energy.
Here you are small chart I find today.

Richard Loomis speaks to Houston's YPA

Richard Loomis speaks to Houston's YPA:
Part 1. http://www.youtube.com/watch?v=BG4XxIm8HRM
Part 2. http://www.youtube.com/watch?v=Y7F1TsDgmXY
Part 3. n/a :)
Part 4. http://www.youtube.com/watch?v=67uXJg1x9FI

Bulgarian Stock Exchange

Bulgarian Stock Exchange (BFB or BSE) migrated to Xetra. This was done several days ago, but today I have time to place an order there.

Lot of new "stuff" are supported, including stop loss orders. Xetra "stuffs" like Eisberg orders and Auctions are supported as well. Some exotic things I do not understand yet, but if I found them interesting will post them here at later time.

Hunt brothers will speculate in silver again?

http://arabianmoney.net/2008/06/12/will-the-hunts-buy-silver-again-after-selling-hunt-petroleum/

(http://en.wikipedia.org/wiki/Hunt_brothers)

Two links from The Telegraph

Two links from The Telegraph.co.uk for Barkley's bank and UK inflation:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/15/ccbarc115.xml

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/13/cmcostofliving113.xml

EUR/USD - two consolidation areas

EUR/USD weekly:

BOE: Credit Crisis Far From Over

Bank of England Warns Credit Crisis "Far From Over"
http://jessescrossroadscafe.blogspot.com/2008/06/bank-of-england-warns-credit-crisis-far.html

Tent City, U.S.A.

This is old, but Misch summarized it very well.

http://globaleconomicanalysis.blogspot.com/2008/06/tent-city-usa.html

or check cjust this :

http://www.youtube.com/watch?v=jmeHiFZUWtE

European protests against high fuel prices turn violent

From Mish Global...
http://globaleconomicanalysis.blogspot.com/2008/06/european-protests-against-high-fuel.html

and US Core CPI is...

2.3%
They got to be kidding...

First Electrical Plugin from Toyota

Toyota plug-in hybrid:
http://blog.wired.com/cars/2008/06/plug-in-hybrid.html

Some more pictures here:
http://www.chicagotribune.com/features/lifestyle/green/chi-080611-toyota-plug-in-hybrid-pg,0,3830019.photogallery

My comment:
Where electricity come from? From the plug :) ? No most of electricity come from Oil and Natural gas.
Guess what electric companies in US and Canada do night time? - Pump water to some mountain top, in order to release it during daily peak hour in order to meet demand. Well, now they will have huge demand in the night when whole city plugs his cars into the grid.

Gold Stocks - Ready to Rumble!

Gold Stocks - Ready to Rumble!
by Alex Wallenwein
http://www.safehaven.com/article-10496.htm

Lehman CFO and COO Resign

Lehman CFO and COO Resign
http://jessescrossroadscafe.blogspot.com/2008/06/lehman-cfo-and-coo-resign.html

Readings...

Quick Oil Market News
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/quick-oil-market-news.html
(completly agree, but I am not sure Saudis can increase output)

Today's Markets (10th Jun)
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/todays-markets_10.html

UK Housing Market Seizes Up
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/309365667/uk-housing-market-seizes-up.html

Junk Bond Defaults Soar; Citigroup "Uneasy"
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/309152314/junk-bonds-defaults-soar-citigroup.html

Crude Up and Kills Created Money
by The Mogambo Guru
http://www.safehaven.com/article-10486.htm
(did not read it)

Petro Brasiliero - PBR

Yesterday was like a Xmas, at least I believe so,

I bought 2 units of PBR:

1 unit @ 67.47
1 unit @ 65.69

Two articles from Safe Haven

Rising Energy Prices and the Falling Dollar
by Ron Paul
http://www.safehaven.com/article-10479.htm

... And in Today's News, the World Discovers the Obvious!
by Reggie Middleton
(Ratings Agencies)
http://www.safehaven.com/article-10471.htm

Readings... from SafeHaven

Bernanke's Next Moves
by Randy
http://www.safehaven.com/article-10468.htm

Honest Money Gold and Silver Report: Market Wrap
by Douglas V. Gnazzo
http://www.safehaven.com/article-10445.htm

DOW -- Trouble Ahead?
by Randy
http://www.safehaven.com/article-10463.htm

Oil in a Bubble?
by David Chapman
http://www.safehaven.com/article-10448.htm

The Fed's Strong Dollar Policy
by Peter Schiff
http://www.safehaven.com/article-10445.htm

Readings... (and hearings)

Uncle Jay explayns the ... closure
http://www.youtube.com/watch?v=uGYsOCDGMfI

Crude Oil Update
from Commodities Charts by troy
http://cmd-chart.blogspot.com/2008/06/crude-oil-update.html

Crude up $11+ freaking dollars ...
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/06/crude-up-11-freaking-dollars.html

Last Article's Epilogue
by Martin
http://martinmarketreport.blogspot.com/
(H&S in SPX)
(link may not be valid soon)

SP 500 Daily and Weekly Charts May Target 1180 Before Year End
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/sp-500-daily-and-weekly-charts-target.html
(H&S in SPX)

US Dollar Longer Term Charts with Commitements of Traders and Moving Averages
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/us-dollar-longer-term-charts-with.html

Lehman to Post Loss Much Greater Than Expected
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/lehman-to-post-loss-much-greater-than.html

Charts in the Babson Style for Market Close on 6 June 2008
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/charts-in-babson-style-for-market-close.html

China Is Giant Pacman Eating Through Earth's Mantle
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/307163958/china-is-giant-pacman-eating-though.html

Oil Prices vs. Power of Personality
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/306609380/oil-prices-vs-power-of-personality.html

Gold-Oil... busted megaphone
from Biiwii
http://biiwii.blogspot.com/2008/06/gold-oil-busted-megaphone.html

HUI/Gold Ratio - Favorable
from Biiwii
http://biiwii.blogspot.com/2008/06/huigold-ratio-favorable.html

Flat tax

Readings...

ECB to raise rates?
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/06/ecb-to-raise-rates.html

Employment stinks ... dollar falls ... crude soars
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/06/employment-stinks-dollar-falls-crude.html
(I was about to write today same thing)

The Face of a Hyper-Inflation
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/face-of-hyper-inflation.html

Trichet to the Fed
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/06/trichet-to-fed.html
(Trichet Says ECB May Consider Raising Rates in July)

Fed Governors Openly Question Bernanke's Competence
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/305549881/fed-governors-openly-question-bernankes.html

Forex Fridays
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/forex-fridays.html

Should These Guys Be Insuring the Market?
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/should-these-guys-be-insuring-market.html

Airlines Taking Nasty Hits
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/airlines-taking-nasty-hits.html

Thursday Oil Market Round-up
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/06/thursday-oil-market-round-up.html

The Brown Swans
http://yellowroad.wallstreetexaminer.com/blogs/2008/06/05/the-brown-swans/
(not read it yet)

Back To Basics
from Safehaven by Puru Saxena
http://www.safehaven.com/article-10439.htm
(will read it tomorrow)

Gold/Silver Market Update
by Clive Maund
http://www.safehaven.com/article-10436.htm
http://www.safehaven.com/article-10435.htm
(Clive with his strange view as usual)

Commodities Correct as Dollar Outlook Improves
by Roy Martens
http://www.safehaven.com/article-10434.htm

It's Not A Dollar Crisis: It's A Gold Crisis
by Antal E. Fekete
http://www.safehaven.com/article-10433.htm
(will read it tomorrow)

Old article:
It's Not an Oil Crisis: It's a Dollar Crisis
Peter Schiff
http://www.safehaven.com/showarticle.cfm?id=10328

Airline sector

Airline sector compared to price of Crude oil: Similar to $USD, airline sector $XAL trading against the price of crude oil.

---

Airline sector technical analysis:Raise in $XAL is almost complete. Note the two lines are NOT parallel, so the figure may be a wedge instead of channel. In case of wedge, we may see price raise, but I do not think so, because there are resistance on $21.40, then on $23.49, then on $24.99...

Oil

WTI DaylyNice uptrend. Up now or never :)

WTI WeeklyWeekly chart is not as good looking as daily, yet it does not look like Nasdaq in 2000 :)
Oil need to correct soon or later. If it do, these are possible targets.

Blog members

Boris Peshev were removed from blog members. I guess is only me again :)
The blog will still have posts from him (from time to time),
but they will posted from me.

Oil via USO

USO chart, green dots show $WTI oil price,
the trend is up, maximum downsize (for now) is $WTI to be $125.
Currently price of $WTI is $126, so the chart really declined before going up again.

Uncle Jay Explains the ... Liberal & Conservators

Stockexchange transactions

Bought some PBR @ 69.99 , but not as much as before, because of the split...