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

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... :)

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

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/

Readings

Nassim Taleb interview
http://www.cnbc.com/id/15840232?video=1170590726&play=1
video from JUL.2

Ron Paul "Obama Got 1 Million From Goldman Sachs Planning A World Currency"
http://www.youtube.com/watch?v=DdwzJeu_uF8&NR=1
video from JUL.18

Uncle Jay Explains the ... healthcare
http://www.youtube.com/watch?v=Th0LAoBhESs
video

IMF Gold Sales May Begin in 2010, Citigroup Forecasts
http://www.bloomberg.com/apps/news?pid=20601012&sid=ajddFgw1DIzI
Actually the article says nothing


Interesting:

Gordon Brown speach @ TED
http://www.ted.com/talks/view/id/604
It is very good speach, but I feel strange when I hear it from him.
Also he "propagate" the idea for word governence boby related to global warming and one more world body for economy (e.g. World Central Bank).


In Bulgarian

САЩ вдигна интернет ембаргото за Сирия
http://ruslantrad.wordpress.com/2009/07/27/america-ends-internet-embargo-on-syria/
(US removes Syria internet embargo)

Бойкот на Nokia - как компанията помогна на режима в Иран да подслушва
http://e-vestnik.bg/6664
(Boycot for Nokia mobiles in Iran)

IMF sells off gold to increase lending power

http://www.ottawacitizen.com/sells+gold+increase+lending+power/1841659/story.html

Readings

Oil Service HOLDRS Trust (NYSE: OIH) Is Oversold
http://www.joe-duarte.com/saved_newsletters/2009_06/090624PR.html

US Approves IMF Gold Sales; What Does It Mean?
http://globaleconomicanalysis.blogspot.com/2009/06/us-approves-imf-gold-sales-what-does-it.html

Insiders Exit Shares at the Fastest Pace in Two Years
http://www.bloomberg.com/apps/news?pid=20601087&sid=aflROe0Pe0QM

Gold: Daily Bullish Reversal in the making.
http://sufiy.blogspot.com/2009/06/gold-daily-bullish-reversal-in-making.html
(I do not understand why he think it is a reversal)

Gold vending machines are a sign of the times, German inventor claims
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5575546/Gold-vending-machines-are-a-sign-of-the-times-German-inventor-claims.html
first sign of coming bubble ;-)

IMF Gold Sales - Questions and Answers

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

Readings

Gold stocks vs. broad stocks
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/z2mw1mft2Gk/gold-stock-vs-broad-stocks.html

Bob Geldof urges IMF to divert cash to Africa from sale of gold reserves
http://www.guardian.co.uk/business/2009/apr/23/bob-geldof-imf-gold-africa
HUI:SPX

Hotel Occupancy Off 11%
http://feedproxy.google.com/~r/CalculatedRisk/~3/-j6_abqDrqc/hotel-occupancy-off-11.html

Freddie Mac CFO Found Dead
http://feedproxy.google.com/~r/RealityLenses/~3/IQ19agpJcBw/freddie-mac-cfo-found-dead.html

And then there's Zimbabwe - Part 64
http://themessthatgreenspanmade.blogspot.com/2009/04/and-then-theres-zimbabwe-part-64.html
Wonderful post :-)

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/04/23/hourly-action-in-gold-from-trader-dan-106/
double bottom

How low can Dubai property prices go?
http://arabianmoney.net/2009/04/22/how-low-can-dubai-property-prices-go/
70% down

In Bulgarian

Краят на митовете за АЕЦ “Белене”
http://ikonomika.org/?p=2333

Readings

Huey, doing the expected
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/Meuab283im4/huey-doing-expected.html

SPX, 60 minute view
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/91cbWITdGOU/spx-60-minute-view.html
upsa, the wedge

Just a bunch of lines on a chart?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/BppSVIQLpfk/just-bunch-of-lines-on-chart.html
HUI

Dubai heading for $100bn debt
http://arabianmoney.net/2009/04/21/dubai-heading-for-100bn-debt/

Trichet should resign
http://feedproxy.google.com/~r/RealityLenses/~3/fubQDoS3BUU/trichet-should-resign.html
Here I do not agree. I believe USD is worse

Honest Money Gold and Silver Report: Market Wrap
by Douglas V. Gnazzo
http://www.safehaven.com/article-13140.htm

IMF gold sale:

The Gordon Brown Indicator Flashes Buy Signal (for Gold)
http://trendsman.com/2009/04/21/the-gordon-brown-indicator-flashes-buy-signal-for-gold/
IMF gold sale and gold price.

Jim Rogers, gold, inflation and the dollar
http://www.youtube.com/watch?v=uGhKN5ZRqS0&feature=player_embedded
videointerview, IMF too

IMF Gold Sales Not A Factor In Gold’s Price
http://174.133.72.211/2009/04/21/imf-gold-sales-not-a-factor-in-gold%e2%80%99s-price/
Q&A for IMF by Jim Sinclair

EU:

Switzerland! Don't join the EU!
http://blogs.telegraph.co.uk/daniel_hannan/blog/2009/04/20/switzerland_dont_join_the_eu

BG:

Full circle - Pramod Mittal not giving up on Kremikovtzi
http://sofiaecho.com/2009/04/21/708224_full-circle-pramod-mittal-not-giving-up-on-kremikovtzi/bulletin

European Commission proposes five billion euro assistance for Romania
http://sofiaecho.com/2009/04/21/708274_european-commission-proposes-five-billion-euro-assistance-for-romania/bulletin

India and China want IMF to sell its $100b gold

http://www.mydigitalfc.com/news/india-and-china-want-imf-sell-its-100b-gold-897

IMF gold sales expected to be on G20 agenda

Draft G20 communique suggests IMF will be asked to advance gold sales proposals to help aid low-income countries.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=81036&sn=Detail
Interesting if China will be the buyer - to swap US government bonds to Gold.

Is IMF trying to recover its gold by pretending to sell it?

GATA: Is IMF trying to recover its gold by pretending to sell it?
http://www.gata.org/node/6281

via Ken

Readings...

Bailing Out Banks
by Ron Paul
http://www.safehaven.com/article-9971.htm

Gold Highs, Dollar Lows Not for Long
by Mike Paulenoff
http://www.safehaven.com/article-9984.htm
(I do not agree to this)

The I.M.F. Gold Sales Will Be Very Good For the Gold Price
by Julian D. W. Phillips
http://www.safehaven.com/article-9970.htm

IMF Gold Sale Update

Thanks Laura :-)

---

IMF seeks to sell 403.3 tonnes of gold in financial overhaul

WASHINGTON (AFP) - The International Monetary Fund Monday proposed the sale
of 403.3 tonnes of gold to bolster its sagging coffers as part of a
wide-ranging financial overhaul. The sale, amounting to some 12 percent of
its gold reserves, could yield around 11 billion dollars, IMF officials
said, supporting a reorganization of the institution as it seeks to survive
a downturn in lending to troubled countries. Managing director Dominique
Strauss-Kahn said in a statement the IMF would use the funds to help shore
up IMF finances and create a new endowment with more diverse investments to
generate income. The announcement comes with the IMF in the midst of an
intense effort to trim costs and slash jobs as its lending is scaled back,
with some countries refusing the IMF's conditional aid. The IMF faces a
budget shortfall of some 140 million dollars for the fiscal year 2008 that
ends on April 30. The sale would affect some 13 million ounces of the IMF's
103.4 million ounces of gold reserves. IMF officials said the sale would
likely take place over several years in an effort to avoid market
disruption. Still, the sale could have a dramatic impact on the market,
where according to IMF officials some 500 tonnes are traded annually. Gold
prices recently hit an all-time record above 1,000 dollars an ounce. An IMF
official speaking on condition of anonymity said an average price of about
850 dollars an ounce would generate about 11 billion dollars. The IMF said
the executive board agreed to revamp the institution's income model from one
that primarily relies on lending to one that "generates funds from various
sources." The expansion of the fund's investment authority is contingent on
a charter amendment that would need legislative action in most member
countries. In addition, approval by the US Congress is required for the US
executive director to vote for the gold sale. The reform plan requires
approval by 85 percent of the voting power of the institution's 185 member
nations, which is dominated by the US.

---

http://afp.google.com/article/ALeqM5jIowsxGM-hMWqLU-V0kBUXhOqnYQ

U.S. confident Congress will back IMF gold sales

U.S. confident Congress will back IMF gold sales
http://in.reuters.com/article/businessNews/idINIndia-32142520080226?sp=true

Weekend readings list.

Note I did not read any of this - will do later :)

---

Precious Points: The Bubble Inside the Bubble by Oroborean
http://www.safehaven.com/article-9553.htm

Gold's Hypnotic Price Target and the Outlook for PM Shares by Clif Droke
http://www.safehaven.com/article-9546.htm

Could Gold Mimic Platinum's Move? by Mike Paulenoff
http://www.safehaven.com/article-9543.htm

HUI Upleg Structure by Adam Hamilton
http://www.safehaven.com/article-9535.htm

Inflation: America's Greatest Export by Peter Schiff
http://www.safehaven.com/article-9531.htm