Two more charts

USD Index Daily

USD Index had multi-month bullish wedge. Currently wedge is broken.

EUR/USD 4 h

Interesting with EUR/USD is that unlike gold, it is falling within parallel channel.

Gold charts

Gold 1d

On the daily chart gold bounced from the long term support (blue line)

Gold 4h

On 4 chart a bullish wedge is forming.

Gold

USD

Could be a break or could be a blip.

Dubai debt crisis

This week until now I was very busy with my SMS project and had no chance to look deep into Dubai debt crisis.

---

From jsmineset.com:

The debt crisis in Dubai is just the first of many that will occur in the Middle East and Eastern Europe in the coming years. It was a wake up call, but not particularly serious by itself. Many Eastern European countries, the Baltic nations...

---

General Dubai info:

Dubai the land of Plenty
http://greatdepression2006.blogspot.com/2009/11/dubai-land-of-plenty.html
General Dubai info + pictures.

Where is all oil money going?
http://globaleconomicanalysis.blogspot.com/2008/02/where-is-all-oil-money-going.html
From Mish, reprinted from February.2008. General info + pictures.

---

General Dubai debt crisis info:

Video summary of the Dubai debt crisis
http://arabianmoney.net/2009/12/01/video-summary-of-the-dubai-debt-crisis/
video

Dubai Asks For 6 Month Moratorium On Debt Obligations
http://jsmineset.com/2009/11/26/dubai-asks-for-6-month-moratorium-on-debt-obligations/

---

Interesting posts and opinions:

A Quick Note On Dubai
http://bonddad.blogspot.com/2009/12/quick-note-on-dubai.html
1.DEC, it reffering this:
http://www.bloomberg.com/apps/news?pid=20601087&sid=apRkor1L0h5A

More Dubai
http://www.calculatedriskblog.com/2009/11/more-dubai.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Google+Reader
30.NOV

UBS Analysts: Dubai Debt may be more than $80 Billion
http://www.calculatedriskblog.com/2009/11/ubs-analysts-dubai-debt-may-be-more.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Google+Reader
yes, they maight :)

Market Commentary From Monty Guild
http://jsmineset.com/2009/12/03/market-commentary-from-monty-guild-54/
3.DEC - I do not agree for Bulgaria ... yet

The Dubai debt comes due
http://themessthatgreenspanmade.blogspot.com/2009/11/dubai-debt-comes-due.html
27.NOV, but include old video from 2-3 mo ago

---

Not so interesting posts and opinions :) :

Jim Sinclair on why Dubai debt crisis is not a gold price top
http://arabianmoney.net/2009/11/28/jim-sinclair-on-why-dubai-debt-crisis-is-not-a-gold-price-top/
...and...
http://jsmineset.com/2009/11/27/the-essence-of-dubais-request-for-debt-payment-delay/
I agree, but Jim's oppinion is strange

Hayden Likens Dubai Crisis to `Black Swan' Event: Video
http://www.youtube.com/watch?v=XLecp8ecTfM&feature=player_embedded
video, via Arabian Money
do not say anything

Marc Faber on lessons from the Dubai debt crisis
http://arabianmoney.net/2009/12/02/marc-faber-on-lessons-from-the-dubai-debt-crisis/
video

Dubai debt crisis harbinger for a global bond crisis?
http://arabianmoney.net/2009/11/28/dubai-debt-crisis-harbinger-for-a-global-bond-crisis/

Readings

Bunning to Bernanke: the A.I.G. bailout alone is reason enough to send you back to Princeton
http://realitylenses.blogspot.com/2009/12/bunning-to-bernanke-aig-bailout-alone.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RealityLenses+%28Reality+Lenses%29&utm_content=Google+Reader
Interesting video for Uncle Ben :-)

Obama to send more troops in Afghanistan
http://realitylenses.blogspot.com/2009/12/obama-to-send-troup-in-afghanistan.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RealityLenses+%28Reality+Lenses%29&utm_content=Google+Reader

Monthly action in gold from trader Dan
http://jsmineset.com/2009/12/01/monthly-action-in-gold-from-trader-dan/

Assorted Gold Charts From Trader Dan Norcini
http://jsmineset.com/2009/12/02/assorted-gold-charts-from-trader-dan-norcini/
PDF

Trader Dan Discusses What You Need To Know About The Gold/Bond Ratio
http://jsmineset.com/2009/12/02/trader-dan-discusses-what-you-need-to-know-about-the-goldbond-ratio/

Gold 4h

The chart is from yesterday. The decline to lower boundary has begun.

EUR daily

on EUR/USD daily chart we can clearly see the rising channel.
However there is a resistance at 1.51 level.

Gold in retrospection and 4h chart

Gold 1day

Gold is at the verge of $1,200 level, even today for a while it was traded @ $1,200.
Here is retrospection from last 4-5 mo.
With blue is shown what I call massive triangle, and at point (1) the triangle was broken.
With brown, is shown the parallel rising channel, which at some point in the early November was broken on the upside.
With pink is shown current short term rising channel. Note the spike down at point (2). We may view at it as testing of the "brown" channel.

Gold 4h

Currently gold rising inside a channel shown in blue. The current objective is $1,220.
There are one more possible channel - the brown one. In its case, the target is $1,210 or so.
If the gold fall without hit $1,210, it may form double top. This will be short term and objective will be around $1,100.

Disclosure:
Sold speculative the possition in $1,180-1,190 area, looking to buy @ 1,180 and lower...

"Ben Bernanke Has Never Gotten Anything Right," Peter Schiff Says: Fed Officials Respond

http://finance.yahoo.com/tech-ticker/article/379864/%22Ben-Bernanke-Has-Never-Gotten-Anything-Right%22-Peter-Schiff-Says-Fed-Officials-Respond?tickers=%5EDJI,%5EGSPC,SPY,TBT,TIP,GLD,FXI

Gold charts

1h chart

Price rice inside a channel. Not long ago price hits the "middle" of the channel. Now it must rice.
4h chart

Price rice inside a different channel. Price "hovers" at the top of the channel, we can see drop to the bottom of the channel, but we may very well see the price to test the top too - $1,203.00

Links

Marc Faber Sees War Against an Invented Enemy and a Big Financial Bust
http://globaleconomicanalysis.blogspot.com/2009/11/marc-faber-sees-war-against-invented.html

Marc Faber on the bankrupt banks, gold and money printing
http://arabianmoney.net/2009/11/25/marc-faber-on-the-bankrupt-banks/
video

Gold Hits New High
http://bonddad.blogspot.com/2009/11/gold-hits-new-high.html
gold technicals

Case-Shiller home prices rise again
http://themessthatgreenspanmade.blogspot.com/2009/11/case-shiller-home-price-rise-again.html

Readings

Silver bug David Morgan explains the gold price surge
http://arabianmoney.net/2009/11/22/silver-bug-david-morgan-explains-the-gold-price-surge/

Naomi Klein and Joseph Stiglitz on Economic Power
http://fora.tv/2008/10/20/Naomi_Klein_and_Joseph_Stiglitz_on_Economic_Power#fullprogram

Off topic:

Beware The Ice Age Cometh: Hackers Prove Global Warming Is A Scam
http://globaleconomicanalysis.blogspot.com/2009/11/hackers-prove-global-warming-is-scam.html

Jon Stewart on Silver Dome, Goldman Sachs and more
http://www.calculatedriskblog.com/2009/11/jon-stewart-on-silver-dome-goldman.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Google+Reader

Gold 4h

Top is probably in ~ 1,172.- , now a correction is due. Possible target is 1,140.-, but better to place order couple of bucks higher 1,142-1,145.

Disclosure - sold the speculative possition at ~ 1,158-1,166 area

Readings

India: the coming superpower
http://wallstreetpit.com/12291-how-could-india-possibly-overtake-china-within-the-next-100-years
Via: http://feedproxy.google.com/~r/Bearwatch/~3/hSfbe32Mltw/india-coming-superpower.html

Silver
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/knRgSIHK8Jw/silver.html
17$

GSR - What's it mean?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/rljSye1_3NQ/gsr-whats-it-mean.html

Marc Faber Still Sees Some Opportunities in Stocks: Video
http://www.youtube.com/watch?v=WQRU2raejxQ&feature=player_embedded
Video

John Paulson to invest $250 million in his new gold fund
http://feedproxy.google.com/~r/RealityLenses/~3/4MHmQabpY_M/john-paulson-to-invest-250-million-in.html

Forex Fridays
http://bonddad.blogspot.com/2009/11/forex-fridays_13.html
USD

Geithener Sends 403 Tons of US Gold to China
http://greatdepression2006.blogspot.com/2009/11/geithener-sends-403-tons-of-us-gold-to.html
Interesting view of the IMF gold sale.

Currencies versus Gold
http://feedproxy.google.com/~r/trendandvalue/~3/tH3tIFqwH-s/currencies-versus-gold.html

Peter Schiff November 9 2009 Fox Business - Fox Business

http://www.europac.net/Schiff-FBN-11-09-09_lg_FLV.asp
Mostly for gold and USD

Interview with Infosys boss.

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=16715884
I remember working with them in early 2004 or 2005 :-)

Gold 4h

The gold rices to the upper boundary line (upper blue line). Note this is back inside the wedge (not shown).
Now a decline is due, at least bach to bottom blue line, or may be to brown line.

Disclosure: Sold rest of my speculative possition @ 1,032.- Looking to buy back at not specified level.

Touradji Buys Barrick Gold Shares, Sells Gold ETF

Looks like these guys doing same as Paulson did month ago.
Interesting why they choose Barrick, probably because of their hedge-book.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aydy.U01wYx8

BA and Iberia agree merger deal

British Airways and Spanish airline Iberia say they have reached a preliminary agreement for a merger expected to be completed in late 2010.

http://news.bbc.co.uk/2/hi/business/8356780.stm

Interesting video

Gold 1d and 4h

Gold 1h

Parallel channel in blue, small bearish wedge in brown. Price is @ the top of the channel and must decline to the bottom.
Gold 4h

Same channel as on 1hour chart in blue. We can see how the bottom boundary acted as resistance for a while before price rise.

Big bearish wedge - top blue, bottom - brows is formed. Price objective of the wedge is $1,000.

Short term targets - $1,110 and $1,102+.

Best development will be price to fell to 1,103 area and then to rise to upper blue line. This will invalide the wedge.

Disclosure: looking to buy at $1,108, then at $1,103.

Readings

Mr. Jones & Me
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/30B4QDX9Mtc/mr-jones-me.html
Dow

SLW - Dat look bullish to you?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/r8xe_qI4NkM/slw-dat-look-bullish-to-you.html

GG trade over
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/V_wQgChRcm0/gg-trade-over.html

Gold & Gold Ratios - Where's the bull market?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/fVk9b7Gk-Rw/gold-gold-ratios-wheres-bull-market.html

Hewlett-Packard to Acquire 3Com
http://www.nytimes.com/2009/11/12/technology/companies/12hewlett.html?partner=yahoofinance

SP Futures Daily Chart
http://jessescrossroadscafe.blogspot.com/2009/11/sp-futures-daily-chart_11.html
spx

Sound Money Candidates Running For Congress
http://globaleconomicanalysis.blogspot.com/2009/11/sound-money-candidates-running-for.html

Marc Faber forecasts short-term rebound for US dollar
http://arabianmoney.net/2009/11/10/marc-faber-forecasts-short-term-rebound-for-us-dollar/
audio, reprinted

7 November, 9 November, 10 November related links

Some links are in Bulgarian

Domino Wall Berlin
http://www.youtube.com/watch?v=pkGQwOXBJQo
video

Uncle Jay Explains: Nov. 9, 2009
http://www.youtube.com/watch?v=pK1sA707Ycw&feature=youtube_gdata
even Uncle Jay speak for Berlin Wall ;)
video

При соца беше мизерия, каквото и да се приказва
http://e-vestnik.bg/7576/pri-sotsa-beshe-mizeriya-kakvoto-i-da-se-prikazva/

33 години власт на Живков - феномен в човешката история
http://e-vestnik.bg/7563/33-godini-vlast-na-zhivkov-fenomen-v-choveshkata-istoriya/

Падането на Живков - на 10 ноември се случи немислимото
http://e-vestnik.bg/7560/padaneto-na-zhivkov-na-10-noemvri-se-sluchi-nemislimoto/

Като слънцето и въздуха за всяко живо същество
http://zaprehoda.blog.bg/biznes/2009/11/07/kato-slynceto-i-vyzduha-za-vsiako-jivo-syshtestvo.431083
много яко :-)

20 години свобода - чалга и с 308 км/ч по магистралата
http://e-vestnik.bg/7564/20-godini-svoboda-chalga-i-308-kmch-na-magistralata-s-audi-r8/
308 km/h @ 7,900 rpm - very stupid
video

Pink Floyd - Another Brick in the Wall
http://e-vestnik.bg/7567/pink-floyd-another-brick-in-the-wall/
video

Readings

The eye of the storm
http://feedproxy.google.com/~r/Bearwatch/~3/pPEzpahG474/eye-of-storm.html

Going to fight the pig a bit longer...
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/uSwINASDgGU/going-to-fight-pig-bit-longer.html

RUT roh
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/j4dYZ_12dVU/rut-roh.html

Dollar getting rear end kicked again after IMF, Geithner comments
http://interestrateroundup.blogspot.com/2009/11/dollar-getting-rear-end-kicked-again.html

Dubai heading for hotel overcapacity in 2010
http://arabianmoney.net/2009/11/10/dubai-heading-for-hotel-overcapacity-in-2010/

Inflation or Deflation - 8
http://feedproxy.google.com/~r/RealityLenses/~3/Fnfgdr5wo50/inflation-or-deflation-8.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/11/09/hourly-action-in-gold-from-trader-dan-180/
and old one:
http://jsmineset.com/2009/11/06/hourly-action-in-gold-from-trader-dan-179/

Secret plan to defend the euro against the falling dollar
http://arabianmoney.net/2009/11/10/secret-plan-to-defend-the-euro-against-the-falling-dollar/
EUR/USD = 1.50

How American Health Care Killed My Father
http://www.cato.org/event.php?eventid=6597
Featuring David Goldhill, Author of "How American Health Care Killed My Father," The Atlantic, September 2009; and Michael F. Cannon, Director of Health Policy Studies, Cato Institute, and co-author of Healthy Competition: What's Holding Back Health Care and How to Free It.
MP3 available as well

Sri Lanka purchase & more

After India, more governments move out of the dollar. Sri Lanka will buy 5 tons.

Gold breaks $1,100
http://finance.yahoo.com/news/Gold-breaks-cnnm-4046795075.html?x=0&sec=topStories&pos=4&asset=&ccode=

Sri Lanka follows Indian move to buy gold
http://www.lankaeverything.com/index.php?option=com_content&view=article&id=1035:by-joe-leahy-in-mumbai&catid=24:business&Itemid=150

Gold price hits record after 'Sri Lanka purchase'
http://uk.news.yahoo.com/18/20091106/tbs-gold-price-hits-record-after-sri-lan-5268574.html

Sri Lanka central bank to relax exchange controls

http://www.lankabusinessonline.com/fullstory.php?nid=825046972

...and...

Indonesian local governments to pay $391m for stake in local Newmont unit

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=92045&sn=Detail

Unemployment rate hits 10.2%, worst since 1983

http://finance.yahoo.com/news/Unemployment-rate-hits-102-cnnm-1234085882.html?x=0&sec=topStories&pos=main&asset=&ccode=

interesting what John Williams have to say about it. 15 % , 18 % ?
of cource is real recovery begins then employment will be overstated, but I believe we are far away from real recovery :)

Jim Rogers on Nouriel Roubini

http://themessthatgreenspanmade.blogspot.com/2009/11/jim-rogers-on-nouriel-roubini.html


I am publishing this one more time, because I believe the interview must be hear.

Readings

Jim Rogers on Nouriel Roubini
http://themessthatgreenspanmade.blogspot.com/2009/11/jim-rogers-on-nouriel-roubini.html
Very good. Must listen.
Audio

Contrarian Jim Rogers backs a US dollar rally
http://arabianmoney.net/2009/11/04/contrarian-jim-rogers-backs-a-us-dollar-rally/
video

Bob Prechter sees major deflation, dollar rally, market crash
http://arabianmoney.net/2009/11/05/bob-prechter-sees-major-deflation-dollar-rally-market-crash/
video

The significance of the IMF-RBI gold sales
http://themessthatgreenspanmade.blogspot.com/2009/11/significance-of-imf-gold-sales.html
Important chart there

The Long Bond
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/cTBY5bsVdOY/long-bond.html

SPX still on message
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/RdbjxfV1-OE/spx-still-on-message.html
H&S in SPX, but short term bullish

Bank of England guns the printing press
http://themessthatgreenspanmade.blogspot.com/2009/11/bank-of-england-guns-printing-press.html

No change from the Fed
http://themessthatgreenspanmade.blogspot.com/2009/11/no-change-from-fed.html

Forex Fridays
http://bonddad.blogspot.com/2009/11/forex-fridays.html
USD

CDE

interesting development with CDE

Note - Chart was done 2 days ago.

Gold 4h

The blue line could be broken or not (yellow mark).

Uncle Jay explains... the decline :-)

Gold...

... just hit 1,092.75 USD...

Readings

Gold - Somebody send this to Roubini
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/ZY26IXHigPI/gold-somebody-send-this-to-roubini.html

US Dollar Very Long Term Chart
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/_fil_7ZBVt0/us-dollar-very-long-term-chart.html

Ten Things Not to Like About the US Government Policy Actions Known as "The Bailouts"
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/uOk5cRhd13s/ten-things-not-to-like-about-us.html

Market Perspective from the Daily Charts
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/vjz7s7v49ss/market-perspective-from-daily-charts.html
Stockmarket charts...

Why is Buffett paying $26bn cash for clunkers?
http://arabianmoney.net/2009/11/04/why-is-buffett-paying-26bn-cash-for-clunkers/

What is Money and How Does One Measure It?
http://globaleconomicanalysis.blogspot.com/2009/11/what-is-money-and-how-does-one-measure.html

A "limit up" of $50 a month for gold?
http://themessthatgreenspanmade.blogspot.com/2009/11/limit-up-of-50-month-for-gold.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/11/03/hourly-action-in-gold-from-trader-dan-178/

Market Commentary From Monty Guild
http://jsmineset.com/2009/11/03/market-commentary-from-monty-guild-51/
nice chart of US debt

Recent gold development...

Misc:
Looks like IMF gold sale did not affected the market as most people thought :) . Nor the buyer was China...
My calculations shows that gold was sold @ ~ 1070 USD area. This was over the market price ~ 1055 at that moment. Gold immediately rised, but currently is 1085.

Gold 4h:

here we had the triangle, there is no doubt that the triangle is broken now. Parallel blue lines act as support / resistance, and upper blue line indeed stopped rise, at least for a while.

Gold 1h:

here on 1h chart we can see the rising channel (blue). It was a bearish wedge for a moment, but it was broken from the "wrong" site. Deja vu :-) . It once again act as resistance.
I am expecting that gold will correct a little bit, at least to 1066 before future rise.

Disclosure:
Sold my speculative possition @ 1073

IMF / India Gold Sales calculations

b = 6.7
M = 6,700,000
B = 6,700,000,000
ton = 200
kg  = 200,000
gr  = 200,000,000
oz  =   6,250,000

---

$ 1,072.00 / oz

---

Notes: Calculation is done with 1 oz = 32 g.

IMF sells India 200 tonnes of Gold for $6,7bn

The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6,7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold’s ascent.

http://www.businessday.co.za/Articles/Content.aspx?id=85875

This doesn't surprise me at all. If is not China, will be India... :)

Readings

Paul Tudor Jones Says Now Is Time, Place for Gold as an Asset
http://www.bloomberg.com/apps/news?pid=20601014&sid=anNG9T__.c_M

Commercial lending giant CIT files bankruptcy
http://www.msnbc.msn.com/id/33576310/ns/business-us_busines

Nine More Banks Fail with CIT a Packaged Bankruptcy While Gold Shines in a Jobless Recovery
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/1_WrjZ8pkyI/nine-more-banks-fail-with-major-cit-on.html

CIT to Carpet Bomb Middle American Business
http://jsmineset.com/2009/10/31/cit-to-carpet-bomb-middle-american-business/

Peter Schiff Responds to Mike Norman with Don Harrold Part 1
http://www.youtube.com/watch?v=NHWkXt1_oLg&feature=youtube_gdata
Video, part 2 is linked from there too.

Russia considering gold sale
http://www.businessweek.com/ap/financialnews/D9BK5NHO0.htm

Obama creates 640,329 jobs at a cost of $323,739.83 per job
http://globaleconomicanalysis.blogspot.com/2009/10/obama-creates-640329-jobs-at-cost-of.html

Ron Paul on Forbes: Be Prepared For The Worst; On Larry King Discussing Michael Moore
http://globaleconomicanalysis.blogspot.com/2009/11/ron-paul-on-forbes-be-prepared-for.html

Two stock market comparisons to the 1930s
http://arabianmoney.net/2009/11/02/two-stock-market-comparisons-to-the-1930s/

Australian Dollar -- AUD/USD weekly chart
http://feedproxy.google.com/~r/trendandvalue/~3/IA1gRsNmZ_g/australian-dollar-audusd-weekly-chart.html
AUD/USD

Monthly Charts From Trader Dan
http://jsmineset.com/2009/10/31/monthly-charts-from-trader-dan/
PDF

FDIC Bank Failure Update
http://feedproxy.google.com/~r/CalculatedRisk/~3/VrVg3JxKoTY/fdic-bank-failure-update_31.html

Cartoon: Recession is Over!
http://feedproxy.google.com/~r/CalculatedRisk/~3/jAbQW5ge0uo/cartoon-recession-is-over.html

Readings

Silver - That look bullish to you?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/u8gVAkYwQs0/silver-that-look-bullish-to-you.html

GG
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/Vjt4WilITdM/gg.html
(yesterday, 29th)

Long bond (TLT proxy)
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/viRr4ya6gE0/long-bond-tlt-proxy.html

Is a Home an Investment?
http://globaleconomicanalysis.blogspot.com/2009/10/is-home-investment.html
Mish post with Schiff video :P

How much did Cash for Clunkers cost?
http://themessthatgreenspanmade.blogspot.com/2009/10/how-much-did-cash-for-clunkers-cost.html

Gold ATR(1) P&F -- another one
http://feedproxy.google.com/~r/trendandvalue/~3/1IPDOwMdbIw/gold-atr1-p-another-one.html 

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/10/29/hourly-action-in-gold-from-trader-dan-176/
...and...
Late Night Action In Gold From Trader Dan
http://jsmineset.com/2009/10/29/late-night-action-in-gold-from-trader-dan/

Yesterday's

Hell to Pay - NFTRH 'Wrap Up'
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/Z1OIagREZpw/hell-to-pay-nftrh-wrap-up.html
USD

Marc Faber Video
http://www.clipsyndicate.com/video/playlist/8178/1154646?title=homepage_channel
same on youtube:
http://arabianmoney.net/2009/10/27/marc-faber-on-the-us-dollar-and-inflation/
Video

Gartman on gold (and USD)
http://themessthatgreenspanmade.blogspot.com/2009/10/gartman-on-gold.html

Gold 4h

the gold price fell to the blue support line, but also to the brown line (falling channel / flag).
gold must find support here, and we to see price rice very soon.

Note:
yes, down brown line is moved down.

Gold charts

Gold daily

On daily chart we see rising channel, but price may fall some more, before begin to rise.
Gold 4h

On 4h chart we see the current support level.

Gold 4h again

Here we show the triangle we spoke about in previous posts (upper blue line, down - brown line).
Well the triangle was broken in "wrong" side.

We see there is additional support from parallel blue line, because the triangle "morphed" into down channel(something simillar happened in Gold some time ago). We are currently on the bottom of the channel, and I we are correct, we may expect rise to $ 1,065.- level.

This down channel can be view like a flag (see daily chart - lines not shown).

Dow inflation adjusted

A friend posted this. Never saw such clear chart of dow inflation adjusted.

Readings

Forex Fridaysfrom The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2009/10/forex-fridays_23.html

Gold -- now and 2004
http://feedproxy.google.com/~r/trendandvalue/~3/lM4EAd7AhxM/gold-now-and-2004.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/10/23/hourly-action-in-gold-from-trader-dan-175/

Here Comes the Monetary Expansion Bubble
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/3CaiBnWwPQY/here-comes-bubble.html
...and...
The "FDR Failed" Myth
http://www.ourfuture.org/blog-entry/2009020603/fdr-failed-myth
historical, must see.

Warren Buffett on the cashless society and credit cards
http://arabianmoney.net/2009/10/26/warren-buffett-on-the-cashless-society-and-credit-cards/

80th anniversary of the 1929 stock market crash
http://arabianmoney.net/2009/10/26/80th-anniversary-of-the-1929-stock-market-crash/

Interesting:
CNN report on Burj Dubai
http://arabianmoney.net/2009/10/22/cnn-report-on-the-burj-dubai-the-worlds-tallest-building/

Uncle Jay Explains... political clips
http://www.youtube.com/watch?v=OvCjh2O1cLE&feature=youtube_gdata

Gold

Gold 4h


Gold 2h

On both charts we can see consolidation triangle.
(The 4 hour chart is shown to see "where we are")
Expectation now is we to see up-1065 - down 1050, then soon or later, but within a week or two- a breakout to 1100 - 1120 will ocure.

Arabianmoney links

Burj Dubai to open December 2nd, UAE National Day
http://arabianmoney.net/2009/10/19/burj-dubai-to-open-december-2nd-uae-national-day/

Marc Faber on Intel, US stocks and inflation
http://arabianmoney.net/2009/10/20/marc-faber-on-intel-us-stocks-and-inflation/

Video Readings

Max Keiser – Dollar to be buried by 2018
http://maxkeiser.com/2009/10/06/video-max-keiser-dollar-to-be-buried-by-2018/
video

Where The Hell Is The Outrage?
http://globaleconomicanalysis.blogspot.com/2009/10/where-hell-is-outrage.html
incl some videos of Max Keiser too ;)

Jim Rogers sees gold at $2,000
http://arabianmoney.net/2009/10/15/jim-rogers-sees-gold-at-2000/
video

TNR Gold Corp CEO Interview
http://www.wallstreetreporter.com/2009/10/tnr-gold-corp-tsx-v-tnr-ceo-interview/
audio

New movie - The Secret of Oz
http://www.secretofoz.com/
...and...
http://www.youtube.com/watch?v=6cq9yEVcGIU

Readings

Harrods to sell gold bullion for first time
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/6328823/Harrods-to-sell-gold-bullion-for-first-time.html
Telegraph article, plus interesting video.

Dow 60 minute hilarity
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/r2lEyrGLWxk/dow-60-minute-hilarity.html

Happy Days Ahead With The Dow At 10,000!
http://jsmineset.com/2009/10/15/happy-days-ahead-with-the-dow-at-10000/
by Dan Norcini
Dow, Gold, Dow Gold ratio in long term from 1990

Kitco stats

Kitco stats little bit upper.
If you do not understand this post, click on "Gold mania barometer" tag below.

Gold 4h

Gold began a correction, it may go down to brown or blue line, where support will be tested.

Dow at 10,015

Yesterday, Dow hit 10,000 mark for a first time in an year or so...
Same time, gold stay at 1,060 area.
This make Dow:Gold ratio to be 9.5 .

---

"Rollover" movie

Just watched Pakula's movie called Rollover . Very interesting movie. I believe is not that popular because it was way before its time :)

---

Readings

Gold Analysts are not Gold Bugs
http://trendsman.com/2009/10/10/gold-analysts-are-not-gold-bugs/

GLD - Upside target
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/BMFikqS8NbU/gld-upside-target.html

The Speculative Bubble in Equities and the Case for Deflation, Stagflation and Implosion
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/7_BQIrLCGbU/speculative-bubble-in-equities-and-case.html

Gold guru Jim Sinclair explains the gold price surge
http://arabianmoney.net/2009/10/11/gold-guru-jim-sinclair-explains-the-gold-price-surge/
Downloadable audio (MP3)

Dollar carry trades herald next crisis: sell stocks, buy gold
http://arabianmoney.net/2009/10/10/dollar-carry-trades-herald-next-crisis-sell-stocks-buy-gold/

Gold rises above $1,050 an ounce, silver almost $18
http://arabianmoney.net/2009/10/08/gold-rises-above-1050-an-ounce-silver-almost-18/

Puru Saxena: Buy Gold
http://sufiy.blogspot.com/2009/10/puru-saxena-buy-gold-tnrv-rmkv-ngqto.html

A Look At the Gold Chart
http://bonddad.blogspot.com/2009/10/look-at-gold-chart.html
yet another who sees the wrong H&S in gold...

Forex Fridays
http://bonddad.blogspot.com/2009/10/forex-fridays.html
USD



Stocks:

Dow 60 min.
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/EB1VtTyF3zA/dow-60-min.html

Crash 0f 2007 and Retracement From the Top
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ftu9gdEr65Q/crash-0f-2007-and-retracement-from-top.html



Interesting:

Obama gets Nobel Peace Price 2009
http://feedproxy.google.com/~r/RealityLenses/~3/xLptA_qL0As/obama-gets-nobel-peace-price-2009.html

Sell the IMF gold to China - it's a start

"The Mess That Greenspan Made" posted interesting article:
Sell the IMF gold to China - it's a start

Couple of gold charts

Weekly - Gold retrospection:Explanations - tomorrow :-)

Daily - the massive triangle: The triangle was broken, also there was kind of test of the rising channel (brown)

4 hours:The rising channel "out" of the triangle. Channel is broken at the top, but I do not think this is so important, and probably gold will fall to the bottom. See 30 min chart.

30 min Probably a bearish wedge forming. Target will be "middle" of the 4h channel ($1,018 area) or the bottom - $990-1,000 area

Novini.net Pool results (in Bulgarian)

Какво мислите за бонусите на AIG

Не ги заслужават. Те са измамници. 8 (29%)

Не ги заслужават. Парите са на данъкоплатците. 10 (37%)

Не ги заслужават, но парите са договорени. Договора не трябва да се изпълни. 0 (0%)

Не ги заслужават, но парите са договорени. Договора ТРЯБВА да се изпълни. 4 (14%)

Заслужават бонуса, защото с големите отговорности, трябва да има големи бонуси. 3 (11%)

Заслужават бонуса, защото са свършили много добра работа 2 (7%)

Gold 4h and 1w

Gold 1 week chartThe (broken) long term ex-resistance is seen @ 988 or so. This is the upper part of the "massive triangle" (bottom part is not shown). Because it was broken, now it must act as support.

Gold 4h chartWe got kind of correction to about $ 992 or so. Now we may see rice to $922 area or may be even higher. The test of massive triangle (brown line @ 970) is not impossible.

Disclosure: Bought @ 995.

IMF Gold sales and Chineze :)

IMF will sell up to 403.3 tonnes of gold - could begin next week
http://mineweb.co.za/mineweb/view/mineweb/en/page34?oid=89504&sn=Detail

China weighs purchase of IMF gold -report
http://www.forbes.com/feeds/reuters/2009/09/21/2009-09-21T090755Z_01_SP483707_RTRIDST_0_GOLD-CHINA-UPDATE-1.html?partner=moreover

Readings

Lithium and REE Demand: Tata electric car to hit UK roads
http://sufiy.blogspot.com/2009/09/lithium-and-ree-demand-tata-electric.html

The US Dollar – The Carry Trade Currency of Choice.
http://jsmineset.com/2009/09/20/the-us-dollar-the-carry-trade-currency-of-choice/

The Dollar Carry Trade
http://jessescrossroadscafe.blogspot.com/2009/09/dollar-carry-trade.html


IMF Gold sales:

IMF May Sell Gold
http://trendsman.com/2009/09/20/imf-may-sell-gold/

IMF announces 400 tonnes gold sales
http://feedproxy.google.com/~r/RealityLenses/~3/PyKpFUX8W94/imf-announces-400-tonnes-gold-sales.html

Jim Sinclair on the G20 and gold prices
http://arabianmoney.net/2009/09/19/jim-sinclair-on-the-g20-and-gold-prices/
IMF


Interesting:

Oktoberfest photo gallery
http://e-vestnik.bg/7177


Programming:

Multi Column indexes vs Index Merge
http://www.mysqlperformanceblog.com/2009/09/19/multi-column-indexes-vs-index-merge/

Links

Credit Continues to Decline
http://trendsman.com/2009/09/17/credit-continues-to-decline/

Audit the Fed bill obtains 2/3 majority and is now guaranteed to pass
http://feedproxy.google.com/~r/RealityLenses/~3/Hu1_w6Yt8OM/audit-fed-bill-obtains-23-majority-and.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/09/17/hourly-action-in-gold-from-trader-dan-164/

Gold 4h

Brown: Massive triangle from daily chart. We need to have this one tested.
Blue: Several parallel uptrends.
Pink: *Eventual* rising channel where currently gold is.

Readings

Gold vs. other stuff
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/_o331G7xis0/gold-vs-other-stuff.html

Dow Reverse Symmetrical triangle - 60 min.
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/myyUZQ0uNiw/dow-reverse-symmetrical-triangle-60-min.html

US Dollar Long Term Chart and a Scenario for Dollar Devaluation
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/bYEXSDoEODo/us-dollar-long-term-chart.html

Dollar getting vaporized again
http://interestrateroundup.blogspot.com/2009/09/dollar-getting-vaporized-again.html

SPX makes new high from march bottom
http://www.joe-duarte.com/saved_newsletters/2009_09/090915PR.html

Hourly Action in Gold From Trader Dan
http://jsmineset.com/2009/09/15/hourly-action-in-gold-from-trader-dan-162/

Rogers: "More banks should have failed"
http://themessthatgreenspanmade.blogspot.com/2009/09/jim-rogers-on-zombie-banks.html

EU:

Ghost Towns in Ireland
http://feedproxy.google.com/~r/RealityLenses/~3/VWc6xFN5s-M/ghost-towns-in-ireland.html

Eh, Dubai :-)

First impressions of the Dubai Metro
http://arabianmoney.net/2009/09/15/first-impressions-of-the-dubai-metro/
video

Condos flood the market on Palm Jumeirah
http://arabianmoney.net/2009/09/15/condos-flood-the-market-on-palm-jumeirah/

In Bulgarian:

Лъсна истината за тотото. Не играйте
http://e-vestnik.bg/7142

Gold 2h

On 2 h chart gold is on the top of the upper channel. Decline is due, but we will see...

Bearish case of gold

Friend of mine sent me an article, where following bearish case was presented:

Gold 1 week:

The case made is that the gold will fell inside the downtrend shown with pink lines, all way down to 650 USD area.

I do not think this may happen because:

• The upper pink line is broken - this is same line as upper line from what I call "massive triangle". This line act as support now.
• The both moving averages will provide support.
• The brown line is the line from short term channel I follow last 2-3 weeks. It will provide strong support as well. It is currently @ $970.
• Blue line is support from year 2006-2007. This support is very strong, and I do not see how it can be broken.
• On the second chart we can see the support from year 2000 (light blue). It is currently higer than the support from 2006-2007 support. I do not see how this one will be broken as well.

Gold chart year 2000-2009:Here long term supports are shown.

Disclosure: Looking to buy speculative possition @ 970 area.

Denver Gold Show

Online webcasts are available here:
http://events.digitalmedia.telus.com/denvergold/091409/index.php?mode=1&sel_date=1

---

Highlights:

14th:

Minefinders Corporation Ltd.
Endeavour Silver Corp.
Dundee Precious Metals Inc. (minning in BG :) )
Barrick Gold Corporation (not a webcast :( )
Minera Andes Incorporated
Rubicon Minerals Corporation

---

15th:

IAMGOLD Corporation
Randgold Resources Ltd.
Harmony Gold Mining Company
Golden Star Resources Ltd.
Silvercorp Metals Inc.
Gammon Gold Inc.
Coeur d'Alene Mines Corporation
Hecla Mining Company
Aurizon Mines Ltd.
Pan American Silver Corporation
Silver Standard Resources (not a webcast :( )

---

16th:

Gold Fields Limited
Yamana Gold Inc.
Kinross Gold Corporation
Newmont Mining Corporation
Agnico-Eagle Mines Limited
Goldcorp Inc.

Readings

Charts for Monday’s Update
http://trendsman.com/2009/09/13/charts-for-mondays-update/

H&S Top and "Iron Cross" on Weekly Dollar Chart Targets 66
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/v1tOOdpHgNg/h-top-and-iron-cross-on-weekly-dollar.html
USD

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/09/11/hourly-action-in-gold-from-trader-dan-161/

Fashion and the stockmarket
http://feedproxy.google.com/~r/Bearwatch/~3/yrq07Dn8pPw/fashion-and-stockmarket.html

Stiglitz: Banking Problems Worse than in 2007
http://feedproxy.google.com/~r/CalculatedRisk/~3/Lrel4tLHsLk/stiglitz-banking-problems-worse-than-in.html

Sign of the Times - Advertisement for an ATM Dispensing $10 Bills
http://globaleconomicanalysis.blogspot.com/2009/09/sign-of-times-advertisement-for-atm.html

Let the trade war begin (US vs China)
http://feedproxy.google.com/~r/RealityLenses/~3/ymFsBm0h4js/let-trade-war-begin-us-vs-china.html
...and...
Obama imposed tariffs on tires imported from China.
http://realitylenses.blogspot.com/2009/09/greater-depression-starring-obama.html

Uncle Jay Explains: Sept 14, 2009
http://www.youtube.com/watch?v=O5u6zT0rGYE


Off-topic: Programming:

3 ways MySQL uses indexes
http://www.mysqlperformanceblog.com/2009/09/12/3-ways-mysql-uses-indexes/

gold 30m

On 30 min gold chart a downtrend chanel was formed. This channel already penetrated the upper parallel line from 4h chart (blue line, see some of previous posts).

Readings

Thursday Oil Market Round-Up
http://bonddad.blogspot.com/2009/09/thursday-oil-market-round-up_10.html

Obama on health care
http://www.huffingtonpost.com/2009/09/09/obama-health-care-speech_n_281265.html
videos, also incl. the full speach

U.S. dollar reaches new low for the year
http://themessthatgreenspanmade.blogspot.com/2009/09/us-dollar-reaches-new-low-for-year.html

Greenspan: Another crisis is inevitable
http://themessthatgreenspanmade.blogspot.com/2009/09/greenspan-another-crisis-is-inevitable.html

China to diversify out of the USD, buy gold
http://realitylenses.blogspot.com/2009/09/china-to-diversify-out-of-usd-buy-gold.html

Gold 4h

Gold must decline now, because a correction is due. Best target will be the brown line - the massive triangle from daily chart (connecting $1040 , $1005 and $970 mark - see some daily gold chart).

Blue lines also will act as support.

Once the triangle is tested, raise will resume.

Disclosure: No open speculative possitions but I am looking to buy incrementaly @ $972 area.

Minera Andes halts production at Argentina JV mine

http://www.reuters.com/article/marketsNews/idAFBNG53446120090909?rpc=44

More links

Queen of Coupons Feeds Family for $10 a Week; Grocery Price Wars Intensify; Paperless Coupons
http://globaleconomicanalysis.blogspot.com/2009/09/queen-of-coupons-feeds-family-for-10.html
Off-topic?

US consumer credit slumps 10.4%
http://arabianmoney.net/2009/09/09/us-consumer-credit-slumps-10-4/
old but I did not post it.

Trader Dan Discusses Technical Points In Gold
http://jsmineset.com/2009/09/09/trader-dan-discusses-technical-points-in-gold/
Doesn't say anything...

9.IX

Честит 9 Септември :o)(ОК, картинката е от 9.Май.1945, ама пак става)

Readings

Hi-yo Silver, away!
http://feedproxy.google.com/~r/Bearwatch/~3/J_dTy_VdFVk/hi-yo-silver-away.html

Interest Only Loans: Another Time Bomb
http://feedproxy.google.com/~r/CalculatedRisk/~3/-e82WOxP_Qs/interest-only-loans-another-time-bomb.html

US Dollar Seasonality
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/6QW6dwpPYfY/us-dollar-seasonality.html

Chinese Market relative to Commodities
http://feedproxy.google.com/~r/trendandvalue/~3/p8Mvi05JQ7c/chinese-market-relative-to-commodities.html

Barrick Moves To Eliminate Gold Hedges
http://jsmineset.com/2009/09/08/barrick-moves-to-eliminate-gold-hedges/

China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time
http://jessescrossroadscafe.blogspot.com/2009/09/china-admonishes-us-monetization-see.html
Jesse quotes a Telegraph.co.uk article "China alarmed by US money printing",
which according to me is not relliable.

Off topic / Interesting:

Suzanne Researched This Commercial
http://www.youtube.com/watch?v=Ubsd-tWYmZw
Reprinted :-)

Denver Gold Forum

Denver Gold Forum will be webcast here.
Registration is free.

http://events.digitalmedia.telus.com/denvergold/091409/index.php?page=redirect

(Yes, this is same as previous post)

Mark Bailey presentations

Mark Bailey will be presenting at the Rodman & Renshaw Annual Global Investment Conference on Thursday, September 10th at 2:50 - 3:15 pm Eastern time. The conference will be available via webcast via this link.

http://www.wsw.com/webcast/rrshq15/mfn

Mr. Bailey is also presenting on Monday September 14th at 8:25 - 8:40 AM Mountain Time Zone at the Denver Gold Forum. The presentation will be webcast here.

http://events.digitalmedia.telus.com/denvergold/091409/index.php?page=redirect

Archived versions of these webcasts will be made available on our website.

http://www.minefinders.com/investors/presentations

Gold @ 1,000.00

Gold @ 1,000.00
Silver @ 17.00

Gold Prices May Hit $1,650 by 2010

Two videos

Uncle Jay Explains... the Socialism
http://www.youtube.com/watch?v=piV9HfvQIFg
video

Marc Faber sees systemic collapse in 5-10 years
http://arabianmoney.net/2009/09/07/marc-faber-sees-systemic-collapse-in-5-10-years/
video, preprinting

Gold 1d and 4h

Gold 1 day Triangle is broken, but now gold is at the top of the channel. Price must decline and test the triangle again.

Gold 4h Price is on the top of the channel. Price must decline and test the triangle again (not shown) or at least the second upper line (blue)

Another important readings

Five Reasons for the Recent Surge in Gold
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/WOT0IL8B8tw/three-reasons-for-bull-market-and.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/09/03/hourly-action-in-gold-from-trader-dan-159/

Peter Schiff explains the rally in gold and silver
http://arabianmoney.net/2009/09/04/peter-schiff-explains-the-rally-in-gold-and-silver/
video

Silver, Gas, Oil & Gold Report
http://www.financialsense.com/fsu/editorials/vermeulen/2009/0903.html
I believe oil chart is wrong

Gold: Separation Before Liftoff
http://www.financialsense.com/fsu/editorials/willie/2009/0903.html

Big Move Coming
by Puru Saxena
http://www.safehaven.com/article-14379.htm
This one is very important!!! :-)
then check this:
http://honestmoneyreport.com/forum/index.php?topic=13500.0;topicseen

Bullish Head and Shoulders Bottom? Or, False Break Out Warning?
by J.D. Rosendahl
http://www.safehaven.com/article-14370.htm
H&S in DJIA

Marc Faber Lateline Business Interview, August 26, 2009
http://www.youtube.com/watch?v=XURvQpwX-90
video