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

Dow Gold Ratio

Dow: 9344
Gold: 991
Ratio: 9.42

Important readings

Hotel RevPAR off 22 Percent
http://feedproxy.google.com/~r/CalculatedRisk/~3/dxS4LVddsQM/hotel-revpar-off-22-percent.html

China derivatives disaster?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/4eJ3MaK0MMk/china-derivatives-disaster.html

Hong Kong recalls gold reserves from London
http://feedproxy.google.com/~r/RealityLenses/~3/FTFwCvpEFpo/hong-kong-recalls-gold-reserves-from.html

Gold and Silver Break-Out
http://bonddad.blogspot.com/2009/09/gold-and-silver-break-out.html

China to buy up to $50 billion in IMF SDRs
http://themessthatgreenspanmade.blogspot.com/2009/09/china-to-buy-up-to-50-billion-in-imf.html

Gold 4h

Brown line is the massive triangle from daily chart. It is clearly broken now. We even had small test today. Now, the price is stopped at what could be a resistance just before $1000 mark - the resistance is from daily chart.

Now we may *hope* that gold will test the triangle again, so we may buy a speculative possiton.

For those who have no any gold possitions, I recommend they to something about it.

Disclosure: No speculative possition. Sold very small MFN possition today @ 9.70. Looking to buy it back next days @ 9.00 or even at 8.50.

P.S. Daily chart can be seen here:
http://nmmmnu.blogspot.com/2009/09/gold-1d-and-4h.html

Russian Professor Panarin Sees US Following the Russian Collapse Model - My thoughts exactly...

Via Jesse

Gold 1d and 4h

Gold 1 dayDaily chart have a massive triangle (brown). The triangle may be broken now and may be the move to $1,200 has begun. However because of "massivity" we can not be sure if triangle is broken.

Gold 4h4 hours chart - blue lines shown the old rising channel. It is clearly broken @ ~966. Now price consolidating around the resistance of the parallel blue line. Note this line is higher than the triangle line from daily chart (brown).

It is extremly important what gold will do tomorrow.

Disclosure:
Sold my speculative possition @ 963. Looking to buy @ 651 or less.

Gold / Oil "bubble" develop

Today Yahoo! Finance add Gold and Oil prices on their front page. Hopefully this will make gold more aware as an investment. Strange that in same time, Kitco traffic falling (see Gold mania barometer tag)

Paul Romer's radical idea: Charter cities