Reprinted: Nixon closes the gold window

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Historical moment: Nixon closes the gold window,
and with other words declares bankcrupsy of USA. On top he impose 10% tax on foreign imported goods.

Gold 4h - channel broken

Channel is broken, there is new channel suggestion. I still think, gold must go down, at least for a while.
Note, that the PM stocks are not on some extraordinary levels, but on levels they were week ago.

Gold 4h

While some "smart" people think gold will go to $200, we see how gold go up and up.
Now the price is at the upper boundary of the channel and gold must decline, else gold will go to parabolic bubble phase :-)

If gold began decline, the lowe two lines, brown and blue are good targets.

It is also possible gold to move between the upper two lines. as it did with previous short term top - couple of days ago.

Perez-Santalla: Gold To Fall $200/Ounce

I can not see how the gold may fall to $200, but sure it is interesting to listen to such people.
At least I will know who is on the other side of the trade and how he thinks.
http://www.hardassetsinvestor.com/features-and-interviews/1/1578-perez-santalla-gold-to-fall-200ounce.html

Readings

Sterling poised for another collapse?
http://arabianmoney.net/2009/05/28/sterling-poised-for-another-collapse

FDIC Bank Failures: By the Numbers
http://feedproxy.google.com/~r/CalculatedRisk/~3/18BDM8eDnZc/fdic-bank-failures-by-numbers.html

Important Support/Resistance
http://martinmarketreport.blogspot.com/2009/05/important-supportresistance.html

Home sales and inventory both rise
http://themessthatgreenspanmade.blogspot.com/2009/05/home-sales-and-inventory-both-rise.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/05/27/hourly-action-in-gold-from-trader-dan-123/

John Paulson massively increases his gold position
http://feedproxy.google.com/~r/RealityLenses/~3/wP9u0hzEfLA/john-paulson-massively-increases-his.html

SPDR Gold Trust (GLD): 30.37% of portfolio (position: 1)
Gold Miners ETF (GDX): 6.81% of portfolio (position: 5)
Kinross Gold (KGC): 5.87% of portfolio (position: 6)
Gold Fields (GFI): 2.21% of portfolio (position: 11)

Gold 4h

Looks like there are immediate support in gold, see middle blue line.
Interesting is that this line is *not* on any Fibonaci level.
Now target is up - probably ~ $ 965.10 (not shown), or upper blue line @ $ 970+

Readings

NXG - Another NFTRH favorite steams toward target
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/8KqdFsxO3ow/nxg-another-nftrh-favorite-steams.html

Case-Shiller: House Prices Tracking More Adverse Scenario
http://feedproxy.google.com/~r/CalculatedRisk/~3/6BX1stdA7r4/case-shiller-house-prices-tracking-more.html
very nice charts

Case-Shiller: Prices Fall Sharply in March
http://feedproxy.google.com/~r/CalculatedRisk/~3/ydEQsNs4ZU0/case-shiller-prices-fall-sharply-in.html

Jim Sinclair’s immediate predictions on the gold price
http://arabianmoney.net/2009/05/27/jim-sinclairs-immediate-predictions-on-the-gold-price/

Tech analysis from Jim Sinclair’s website
http://jsmineset.com/wp-content/uploads/2009/05/may2609gold1230pmcdt.pdf

Peter Schiff on Fox
http://themessthatgreenspanmade.blogspot.com/2009/05/peter-schiff-on-fox.html
mostly for gold

Mother of all Bubbles

Tulip Bulb Mania
http://www.stock-market-crash.net/tulip-mania.htm

Gold 4h and 1h

Gold 1hOn the 1h chart we can see that some time ago gold finally broke the downside (blue line). Now the target could be the brown line, or much better - pink line.

Gold 4hHere channel is unbroken, the price target is ~934.
The brown line is additional target from 6h chart.

FDIC Bank Failures: By the Numbers

http://feedproxy.google.com/~r/CalculatedRisk/~3/18BDM8eDnZc/fdic-bank-failures-by-numbers.html

Golf 4h

Chart is not attached, but nothing is changed, even Gold fly to $958.
I still expect a pullback to $945 or even to $929.

Sofia's People

Sofia's People: Canon 5dmk2 25p from Philip Bloom on Vimeo.

Readings

Letter from a Dodge dealer
http://www.jlaforums.com/link.php?url=http%3A%2F%2Fwww.americanthinker.com%2Fblog%2F2009%2F05%2Fletter_from_a_dodge_dealer.html

Gold - Enough w/ the Inverted H&S already
http://biiwii.blogspot.com/2009/05/gold-enough-w-inverted-h-already.html

Thursday Oil Market Round-Up
http://bonddad.blogspot.com/2009/05/thursday-oil-market-round-up_21.html

Fed considered more asset purchases
http://themessthatgreenspanmade.blogspot.com/2009/05/fed-considered-more-asset-purchases.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/05/21/hourly-action-in-gold-from-trader-dan-120/

Gold shows signs of breaking out above $1,000
http://arabianmoney.net/2009/05/22/gold-shows-signs-of-breaking-out-above-1000/

Gold 4h and 1h

Gold 4hProbably local top was formed. Both short term channel (blue) and very short term channels hit the top to $950. Now the move is most like to be down to $940 (brown) or to $925 (blue)

Gold 1hSame chart but zoomed to 1h.

Readings

GMAC to Receive $7.5 Billion from Treasury
http://feedproxy.google.com/~r/CalculatedRisk/~3/nwuET6w36_E/gmac-to-receive-75-billion-from.html

US Dollar Weekly Chart
http://jessescrossroadscafe.blogspot.com/2009/05/us-dollar-weekly-chart.html

It Is Now
http://jsmineset.com/2009/05/20/it-is-now/

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Jim Rogers Videos :-)

Jim Rogers tips dollar currency crisis
http://arabianmoney.net/2009/05/20/jim-rogers-tips-dollar-currency-crisis/

Jim Rogers on Ag Commodities
http://www.thefinancialtube.com/video/3616/Jim-Rogers-on-Ag-Commodities
...more...
http://www.thefinancialtube.com/video/3615/Jim-Rogers-Markets-Yet-to-Bottom
...more...
http://www.thefinancialtube.com/video/3614/Jim-Rogers-Choose-Silver-over-Gold

Gold charts

Gold 4h may be we will see pullback now. Middle line is good target.

Gold 30m The price may bounce of the top channel border (upper blue line) for a while or if no, will drop to bottom border (lower blue line)

Enough bailouts already!

Paulson & Company's golden portfolio

http://themessthatgreenspanmade.blogspot.com/2009/05/paulson-companys-golden-portfolio.html

Uncle Jay explains... debt

Gold 4h

Making sense of recent drop in Gold.
Little is changed, but channel is defined in different way now.
If I am right, the target now is ~950 USD next several day.

Authors@Google: Peter Schiff

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one video from Peter Schiff hits 1.5 M visitors on youtube. Thats why Google invited him in Authors@Google.

Why You've Never Heard of the Great Depression of 1920

two links

"Better Than Expected" Earnings
http://jessescrossroadscafe.blogspot.com/2009/05/better-than-expected-earnings.html

Paulson’s Hedge Fund Bought Gold Stock, Miners in First Quarter
http://sufiy.blogspot.com/2009/05/paulsons-hedge-fund-bought-gold-stock.html

Japan 'would avoid dollar bonds'

Japan's opposition party says it would refuse to buy American government bonds denominated in US dollars, if elected.
http://news.bbc.co.uk/2/hi/business/8046599.stm

IMF Gold Sales - Questions and Answers

IMF Gold Sales
http://www.imf.org/External/NP/EXR/faq/goldfaqs.htm

Gold 4h

Today gold fell to ~$918. Currently the channel is "separated" to two different smaller channels, exactly 50% of the "full" channel - see middle blue line.

Gold also made new higher high @ $930.

I am looking to $932 today or tomorrow.

Agriculture, Protein & Fertilizer Conference

Not sure where the link will lead you:
http://audability.com/AudabilityAdmin/Clients/BMO/10688_513200980000AM/lobby.aspx?Event_ID=688

If upper link not work, click below, then click [Webcast] :
http://www.bmocm.com/conferences/agricultureproteinfertilizer2009/default.aspx

Interesting from today:
Monsanto (MON)

Interesting for tomorrow:
PotashCorp (POT)
Minemakers Ltd. - will listen to this just because their name :)

Minefinders Provides 2009 First Quarter Results and Details of Conference Call

http://finance.yahoo.com/news/Minefinders-Provides-2009-iw-15227875.html

The Company has scheduled an investor conference call for 1 p.m. Pacific Time (4 p.m. Eastern Time) on Thursday, May 14, 2009, to discuss its financial and operating results for the first quarter ended March 31, 2009.

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Highlights include:

• Successful commissioning of the Dolores Mine in Mexico, with commercial
  production achieved effective May 1, 2009;
• First quarter production of 14,169 ounces of gold and 282,429 ounces of silver dore;
• Commencement of positive cash flow from operations at Dolores in
  February 2009. First quarter proceeds were $16.098 million from the sale of 13,313 ounces of gold at a realized price of $939 per ounce and 273,381 ounces of silver at a realized price of $13.18 per ounce;

Gold 3h

Something interesting happened on 4h Gold chart. The small short-term bearish wedge is now a parallel channel. This is very bullish.

Lets hope the price go to 914, so we can load the truck again for a modest gain :-)

Citigroup: "Geithner Sucks!"

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http://www.youtube.com/watch?v=eIrT1aw2qqU&feature=player_embedded

Readings

USD - Don't forget about me!
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/nGTpL3ydIgM/usd-dont-forget-about-me.html

Fannie Mae Asks for another $19 Billion
http://feedproxy.google.com/~r/CalculatedRisk/~3/QFu1NssNG20/fannie-mae-asks-for-another-19-billion.html

Lithium: Vauxhall Trixx: buy the Car and Lease the Engine - new ideas for fully Electric Town Car
http://sufiy.blogspot.com/2009/05/lithium-vauxhall-trixx-buy-car-and.html

Steel coins in Russia
http://themessthatgreenspanmade.blogspot.com/2009/05/steel-coins-in-russia.html
(See this Bulgarian post: http://www.novini.net/2007/04/blog-post_23.html )

Da boyz hammering...

Links

Gold Today and Nasdaq 1995
http://trendsman.com/2009/05/07/gold-today-and-nasdaq-1995/

Gold: Power of the Real Money.
http://sufiy.blogspot.com/2009/05/gold-power-of-real-money-rmkv-cghto.html

Peter Schiff video
http://www.youtube.com/watch?v=L4r7546ep98&feature=player_embedded

Now the EU wants to run the Internet
http://blogs.telegraph.co.uk/daniel_hannan/blog/2009/05/07/now_the_eu_wants_to_run_the_internet
and video ;)

PWE

This I did earlier today.

Gold 1h

Here probably gold will go and test the channel again.
The upper blue line is not clear, because it passtru the yesterday peak.
What I like here is the series from higher higs and higer lows.

Ah, Gold

The wedge of triangle in gold is broken. Price must go to 1200-1600 level next 3 mo.

Brown line shows good buying level. Note price may not decline that much, because upper blue line may act as support now.

On Jim Sinclair site they showing level 920 as important. Currently it is broken.

We will see how it will go from now one.

Readings

HUI - Weekly view
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/KqIMD6Viywg/hui-weekly-view.html

Are you a trader or investor? HUI
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/YVp4iZlyuA4/are-you-trader-or-investor-hui.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/05/06/hourly-action-in-gold-from-trader-dan-113/

Orbitz Down Earnings Got Me Thinking....
http://bonddad.blogspot.com/2009/05/orbitz-down-earnings-got-me-thinking.html
Orbitz I believe earning at least $50 per ticket. That's much more than any one online agency, and is close to "off line" agencies and bucketshops. If Orbitz are in trouble, I do not want to think about their competitors...

Ponzi schemes: simply defined
http://feedproxy.google.com/~r/LawinfoWeblog/~3/hnr9oXDfJ98/

Tata Motors' Nano demand not enough to ease funding fears

now it really gets interesting...

http://www.marketwatch.com/news/story/nano-response-raises-concern-tata/story.aspx?guid=%7BB98F5A1E%2D3D26%2D4030%2D9D15%2D4B77045FB5A2%7D&siteid=yhoof

A look @ gold

Gold 4hChannel is up, however price may fall to 885+,
also note that the peak from 27th.04 ($918) was higher than the peak yesterday ($915).

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Gold 1 dayDaily shows downtrend - blue and violet lines are parallel, even looks like they are not.
The red line form falling wedge - very bullish figure, but the price may fall to $850 before that.
Brown line may be support, but it was never tested - it once again go to $850 area.

Happy St.George's day

Readings

USD
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/mKegsuFbl8g/usd.html

Gold
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/EtUTasavjjg/gold.html

More Losses at GMAC
http://feedproxy.google.com/~r/CalculatedRisk/~3/VU3PbKL1Su0/more-losses-at-gmac.html

Insiders Continue to Sell Aggressively Into This Rally
http://jessescrossroadscafe.blogspot.com/2009/05/insiders-continue-to-sell-aggressively.html

According to reports corporate insiders continue to sell agrressively into this rally, with sells outweighing buys at levels not seen since the market top in 2007.

Strange where Jesse knows this from?

GM details plans to wipe out current shareholders
http://www.reuters.com/article/businessNews/idUSTRE54471X20090506?feedType=RSS&feedName=businessNews
via Michael Shedlock

May Day Readings

Happy 1st of April :)

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What to think about the current rally?
http://feedproxy.google.com/~r/RealityLenses/~3/Bv3XAOqOeEA/what-to-think-about-current-rally.html

Marc Faber on money printing and investment
http://arabianmoney.net/2009/05/04/marc-faber-on-money-printing-and-investment/
video

Forex Fridays
http://bonddad.blogspot.com/2009/05/forex-fridays.html
USD

Have you seen M3 lately?
http://themessthatgreenspanmade.blogspot.com/2009/05/have-you-seen-m3-lately.html

UK:

Margaret Thatcher 30 years on
http://blogs.telegraph.co.uk/daniel_hannan/blog/2009/05/04/margaret_thatcher_30_years_on
Thirty years ago today, Margaret Thatcher took a country that had been left dishonoured and impoverished, and began the work of restoring it.

U.S. House Prices In Gold

Adrian Ash, 2 May 2009
http://www.gold-eagle.com/editorials_08/ash050209.html

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Gold Stock Fundamentals

http://www.kitco.com/ind/Trendsman/apr302009.html

Obama 4 Crysler

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