http://finance.yahoo.com/tech-ticker/article/195065/Europe
I did not know we have crysis here... :-)
This is more for UK, Poland and their zlota, Austria and Switzerland.
For Bulgarian readers:
Bulgarian Lev is fixed to the EUR. So we will not suffer more than EU. The movie is for Poland or Romania where the currency *is* floating. Romanian Leia is not 25% cheaper to the EUR.
Realestate - I said realestate will crash long time ago. However I do not believe the realestate to fall more than 20-30% (from top to the bottom), because the pricese are not balooned enought. Sure 30% is too much if you pay mortgage.
About banks here - we do not have Bulgarian banks, except probably PIB. The private sources in Bulbank for example told me, that the "mother" bank (Unicredit) stops support Bulgarian branche.
I do not know what the banks will do.
Finally the EUR - I believe ECB will print, not as crazy as FED (USD), so we will see inflation soon or later. However, it is VERY important what ECB will decide to do if some country "fell in bankrupsy". ECB may decide *not* to do anything, because EU is bunch of countries and ECB is not Austrian Central Bank so ECB is not obligated to help any country.
To understand this last centence, here you are the parallel with USA - (USA is a country. FED is USA Central bank. US states are like districts. So in USA, FED is obligated to "help" USA, so they will in most cases help the single state as well.
2009-02-27
Thoughts...
In yesterday news I read:
President Obama on Thursday pulled back the curtain on his first detailed vision of the federal budget for the next 10 years. His outline includes an ambitious plan to reform health care, half of which would be paid for in great part by increasing the tax bite on high-income Americans. Obama has said repeatedly that his first fiscal plan would have a two-pronged mission: to reduce the $1 trillion-plus deficit and make big investments in the future
The quote again: to reform health care, half of which would be paid for in great part by increasing the tax bite on high-income Americans
My comment: Exactly those high-income Americans pay most of the taxes. Now may be, just may be, they will began to "shrink" their businesses (I prefere not to use word "contract"), and finally to pay less taxes.
Here another one:
President Barack Obama is anticipating a new $750 billion bank bailout this year, more than doubling the direct infusion of taxpayer money into the reeling financial sector
My comment: Auch!!!
President Obama on Thursday pulled back the curtain on his first detailed vision of the federal budget for the next 10 years. His outline includes an ambitious plan to reform health care, half of which would be paid for in great part by increasing the tax bite on high-income Americans. Obama has said repeatedly that his first fiscal plan would have a two-pronged mission: to reduce the $1 trillion-plus deficit and make big investments in the future
The quote again: to reform health care, half of which would be paid for in great part by increasing the tax bite on high-income Americans
My comment: Exactly those high-income Americans pay most of the taxes. Now may be, just may be, they will began to "shrink" their businesses (I prefere not to use word "contract"), and finally to pay less taxes.
Here another one:
President Barack Obama is anticipating a new $750 billion bank bailout this year, more than doubling the direct infusion of taxpayer money into the reeling financial sector
My comment: Auch!!!
Labels:
Credit Crisis
Readings
Fannie Mae: $25.2 Billion Loss
http://feedproxy.google.com/~r/CalculatedRisk/~3/HsYuQ4uNKto/fannie-mae-252-billion-loss.html
Fannie Mae reported a loss of $25.2 billion ... in the fourth quarter of 2008, compared with a third-quarter 2008 loss of $29.0 billion ...
FDIC: Number of Problem Banks Increases Sharply in Q4
http://feedproxy.google.com/~r/CalculatedRisk/~3/Yufub9PVMp4/fdic-number-of-problem-banks-increases.html
Obama Budget: $250 Billion for TARP II
http://feedproxy.google.com/~r/CalculatedRisk/~3/YG-uDKExxFQ/obama-budget-250-billion-for-tarp-ii.html
Obama Begins to Nationalize Healthcare: Wall Street Shocked, Shocked!
http://jeffmatthewsisnotmakingthisup.blogspot.com/2009/02/obama-begins-to-nationalize-healthcare.html
Dear Mr. President, With All Due Respect ....
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/547434250/dear-mr-president-with-all-due-respect.html
Jim Rogers interview
http://www.youtube.com/watch?v=0xAeEJIsci0&eurl=http://www.google.com/reader/view/&feature=player_embedded
I guess he is in India...
US Dollar Collapse: Official: Budget projects $1.75 trillion deficit.
http://sufiy.blogspot.com/2009/02/us-dollar-collapse-official-budget.html
Forex Fridays
http://bonddad.blogspot.com/2009/02/forex-fridays_27.html
USD double top...
Are Germans giving up on the euro
http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2009/02/26/are_germans_giving_up_on_the_euro
did not read this.
http://feedproxy.google.com/~r/CalculatedRisk/~3/HsYuQ4uNKto/fannie-mae-252-billion-loss.html
Fannie Mae reported a loss of $25.2 billion ... in the fourth quarter of 2008, compared with a third-quarter 2008 loss of $29.0 billion ...
FDIC: Number of Problem Banks Increases Sharply in Q4
http://feedproxy.google.com/~r/CalculatedRisk/~3/Yufub9PVMp4/fdic-number-of-problem-banks-increases.html
Obama Budget: $250 Billion for TARP II
http://feedproxy.google.com/~r/CalculatedRisk/~3/YG-uDKExxFQ/obama-budget-250-billion-for-tarp-ii.html
Obama Begins to Nationalize Healthcare: Wall Street Shocked, Shocked!
http://jeffmatthewsisnotmakingthisup.blogspot.com/2009/02/obama-begins-to-nationalize-healthcare.html
Dear Mr. President, With All Due Respect ....
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/547434250/dear-mr-president-with-all-due-respect.html
Jim Rogers interview
http://www.youtube.com/watch?v=0xAeEJIsci0&eurl=http://www.google.com/reader/view/&feature=player_embedded
I guess he is in India...
US Dollar Collapse: Official: Budget projects $1.75 trillion deficit.
http://sufiy.blogspot.com/2009/02/us-dollar-collapse-official-budget.html
Forex Fridays
http://bonddad.blogspot.com/2009/02/forex-fridays_27.html
USD double top...
Are Germans giving up on the euro
http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2009/02/26/are_germans_giving_up_on_the_euro
did not read this.
Labels:
Credit Crisis,
EUR,
Readings,
USD
2009-02-26
Bulgarian post: Roubini is not right
Рубини не е прав!
Автор: Петър Ганев
Дата: 25.02.2009 година
http://ime.bg/bg/articles/rubini-ne-e-praw/
Винаги съм твърдял същото...
Автор: Петър Ганев
Дата: 25.02.2009 година
http://ime.bg/bg/articles/rubini-ne-e-praw/
Винаги съм твърдял същото...
Labels:
Credit Crisis
Traders Report on Gold, Silver & Oil
by Chris Vermeulen
http://www.financialsense.com/fsu/editorials/vermeulen/2009/0225.html
http://www.financialsense.com/fsu/editorials/vermeulen/2009/0225.html
2009-02-25
The 2009 Global Metals and Mining Conference - day 2
You need to register, then you can listen to it online.
Second day is MP3 ready now...
http://audability.com/AudabilityAdmin/Clients/BMO/10679_223200980000AM/lobby.aspx?Event_ID=679
from second day interesting companies for me are:
Second day is MP3 ready now...
http://audability.com/AudabilityAdmin/Clients/BMO/10679_223200980000AM/lobby.aspx?Event_ID=679
from second day interesting companies for me are:
- Yamana
- AEM
- PAAS
- HL
- Aurizon Mines
- Minefinders
- Silver Wheaton
- Eldorado Gold
- Golden Star Resources
- Alamos Gold
Labels:
Mining Stocks
Readings
Consumer confidence plunges to lowest level ever
http://interestrateroundup.blogspot.com/2009/02/consumer-confidence-plunges-to-lowest.html
Four Papa Bear Markets Compared
http://jessescrossroadscafe.blogspot.com/2009/02/four-papa-bear-markets-compared.html
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/24/hourly-action-in-gold-from-trader-dan-72/
Off topic, but interesting :-)
How much do you know about gold?
http://themessthatgreenspanmade.blogspot.com/2009/02/how-much-do-you-know-about-gold.html
My score is 12
http://interestrateroundup.blogspot.com/2009/02/consumer-confidence-plunges-to-lowest.html
Four Papa Bear Markets Compared
http://jessescrossroadscafe.blogspot.com/2009/02/four-papa-bear-markets-compared.html
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/24/hourly-action-in-gold-from-trader-dan-72/
Off topic, but interesting :-)
How much do you know about gold?
http://themessthatgreenspanmade.blogspot.com/2009/02/how-much-do-you-know-about-gold.html
My score is 12
Labels:
Credit Crisis,
Gold,
Readings
2009-02-24
The 2009 Global Metals and Mining Conference
You need to register, then you can listen to it online.
http://audability.com/AudabilityAdmin/Clients/BMO/10679_223200980000AM/lobby.aspx?Event_ID=679
from first day interesting companies for me are:
http://audability.com/AudabilityAdmin/Clients/BMO/10679_223200980000AM/lobby.aspx?Event_ID=679
from first day interesting companies for me are:
- Goldcorp
- Kinross Gold
- IAMGOLD
- Gammon Gold
- Barrick Gold
- Newmont Mining
- Freeport-McMoRan Copper & Gold
Labels:
Mining Stocks,
Multimedia
Readings
Yousa! Eight thousand tonnes!
http://themessthatgreenspanmade.blogspot.com/2009/02/yousa-eight-thousand-tonnes.html
SLV
Party Like It's ... 1997
http://feedproxy.google.com/~r/CalculatedRisk/~3/9Wb0peKdwuk/party-like-its-1997.html
Minera Andes MAI.to Rob McEwen becomes Executive Chairman of Minera Andes - Two new directors appointed.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-rob-mcewen-becomes.html
AmEx paying card holders to close their accounts
http://finance.yahoo.com/news/AmEx-paying-card-holders-to-rb-14442536.html
Gold: More Strength on the Way
by Mary Anne and Pamela Aden
http://www.safehaven.com/article-12677.htm
Videos:
Taleb Says U.S. Banking System Is 'Designed to Blow Up'
http://www.bloomberg.com/avp/avp.htm?N=video&T=Taleb%20Says%20U.S.%20Banking%20System%20Is%20%60Designed%20to%20Blow%20Up'%20&clipSRC=mms://media2.bloomberg.com/cache/vmMd4PSxEKeE.asf
Uncle Jay
http://www.youtube.com/watch?v=dpwX_HO5dP4&feature=player_embedded
Ron Paul
http://www.youtube.com/watch?v=M5lb0l3sYBo&feature=player_embedded
(didn't listen to it yet)
Off Topic:
EU wants to tap your Skype calls
http://webtapping.blogspot.com/2009/02/eu-wants-to-tap-your-skype-calls.html
In Bulgarian:
Какво става в АЕЦ "Козлодуй"? Защо медиите мълчат?
http://e-vestnik.bg/5668
Пак за АЕЦ-а...
http://themessthatgreenspanmade.blogspot.com/2009/02/yousa-eight-thousand-tonnes.html
SLV
Party Like It's ... 1997
http://feedproxy.google.com/~r/CalculatedRisk/~3/9Wb0peKdwuk/party-like-its-1997.html
Minera Andes MAI.to Rob McEwen becomes Executive Chairman of Minera Andes - Two new directors appointed.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-rob-mcewen-becomes.html
AmEx paying card holders to close their accounts
http://finance.yahoo.com/news/AmEx-paying-card-holders-to-rb-14442536.html
Gold: More Strength on the Way
by Mary Anne and Pamela Aden
http://www.safehaven.com/article-12677.htm
Videos:
Taleb Says U.S. Banking System Is 'Designed to Blow Up'
http://www.bloomberg.com/avp/avp.htm?N=video&T=Taleb%20Says%20U.S.%20Banking%20System%20Is%20%60Designed%20to%20Blow%20Up'%20&clipSRC=mms://media2.bloomberg.com/cache/vmMd4PSxEKeE.asf
Uncle Jay
http://www.youtube.com/watch?v=dpwX_HO5dP4&feature=player_embedded
Ron Paul
http://www.youtube.com/watch?v=M5lb0l3sYBo&feature=player_embedded
(didn't listen to it yet)
Off Topic:
EU wants to tap your Skype calls
http://webtapping.blogspot.com/2009/02/eu-wants-to-tap-your-skype-calls.html
In Bulgarian:
Какво става в АЕЦ "Козлодуй"? Защо медиите мълчат?
http://e-vestnik.bg/5668
Пак за АЕЦ-а...
Labels:
Credit Crisis,
Gold,
Mining Stocks,
Multimedia
2009-02-23
Dow / Gold ratio update
Dow just hit 7,114.78 USD
This level is unseen since 1997 or so.
US market unfortunately is poised for trading down, since there are no "clear" support @ lower levels.
Dow / Gold ratio = 7.18
This level is unseen since 1997 or so.
US market unfortunately is poised for trading down, since there are no "clear" support @ lower levels.
Dow / Gold ratio = 7.18
Labels:
Dow : Gold ratio
Zimbabwe trade with gold now...
Is very sad.
BUT besides is sad, this give us one interesting conclusion.
It took several years until inflation in Zimbabwe to became hyperinflation.
Then it took some 4-5 years years before they to begin to use gold as currency.
One may ask if gold is the root of all evel?
Labels:
Gold,
Multimedia
Thoughts
I was guest in a friends family. The man working in a bank (I guess you can call him a banker). He recenly move his money in government bonds (which is unusual for Bulgaria), so we began a conversation for the eventual deflation or inflation in Bulgaria and in USA. His comment was
he - "How you can tell me that money supply in USA grows, when their staistics show lower CPI and PPI?"
me - "do you believe the data?"
he - "Yes, is official data"
me - "Have you ever hear or saw shadowstats.com website?"
he - "No, what is it"
me - "Is alternative measure of CPI, according Carter's staistical institute. Have you ever try to find oppinions if US CPI is correct or understated/overstated"
he - "No"
me - "Then why do you think is correct"
he - "Because is official".
Later I give him a chart of gold price from 1800 to 2000 year, and I understood that he do not understand what gold standard is - according to him gold standard is when you have commodity - gold, and gold price fluctuating against the currency, and central bank gives you gold according todays exchage rate.
Now I agree, that the situation is much more worse, than I anticipated, aslo obviously gold is not money.
* Red was corrected on 25.FEB
he - "How you can tell me that money supply in USA grows, when their staistics show lower CPI and PPI?"
me - "do you believe the data?"
he - "Yes, is official data"
me - "Have you ever hear or saw shadowstats.com website?"
he - "No, what is it"
me - "Is alternative measure of CPI, according Carter's staistical institute. Have you ever try to find oppinions if US CPI is correct or understated/overstated"
he - "No"
me - "Then why do you think is correct"
he - "Because is official".
Later I give him a chart of gold price from 1800 to 2000 year, and I understood that he do not understand what gold standard is - according to him gold standard is when you have commodity - gold, and gold price fluctuating against the currency, and central bank gives you gold according todays exchage rate.
Now I agree, that the situation is much more worse, than I anticipated, aslo obviously gold is not money.
* Red was corrected on 25.FEB
Labels:
Gold
Readings
Dow downside targets
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/UefScWJvmoM/dow-downside-targets.html
US Dollar Weekly Chart with Commitments of Traders
http://jessescrossroadscafe.blogspot.com/2009/02/us-dollar-weekly-chart-with-commitments_20.html
California shows how to beat the crisis
http://arabianmoney.net/2009/02/22/california-shows-how-to-beat-the-crisis/
Marc Faber on the Eastern European financial crisis
http://arabianmoney.net/2009/02/21/marc-faber-on-eastern-european-crisis/
video
Fannie and Freddie in deeper trouble: Asians want a free lunch sponsorized by the US tax payer
http://feedproxy.google.com/~r/RealityLenses/~3/XxGKj-W75Bo/fannie-and-freddie-in-deeper-trouble.html
US Dollar Collapse - Green Fellow holds medicine from Depression Misery.
http://sufiy.blogspot.com/2009/02/us-dollar-collapse-green-fellow-holds.html
Off Topic:
Saving Canada's Internet
http://www.youtube.com/watch?v=hKbPpizEDBM
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/UefScWJvmoM/dow-downside-targets.html
US Dollar Weekly Chart with Commitments of Traders
http://jessescrossroadscafe.blogspot.com/2009/02/us-dollar-weekly-chart-with-commitments_20.html
California shows how to beat the crisis
http://arabianmoney.net/2009/02/22/california-shows-how-to-beat-the-crisis/
Marc Faber on the Eastern European financial crisis
http://arabianmoney.net/2009/02/21/marc-faber-on-eastern-european-crisis/
video
Fannie and Freddie in deeper trouble: Asians want a free lunch sponsorized by the US tax payer
http://feedproxy.google.com/~r/RealityLenses/~3/XxGKj-W75Bo/fannie-and-freddie-in-deeper-trouble.html
US Dollar Collapse - Green Fellow holds medicine from Depression Misery.
http://sufiy.blogspot.com/2009/02/us-dollar-collapse-green-fellow-holds.html
Off Topic:
Saving Canada's Internet
http://www.youtube.com/watch?v=hKbPpizEDBM
Labels:
Credit Crisis,
Multimedia,
Readings
2009-02-21
2009-02-20
Dow / Gold ratio
Gold just hit 1,000.00 USD
Dow / Gold ratio = 7.30
Dow / Gold ratio = 7.30
Labels:
Dow : Gold ratio,
Gold
2009-02-19
Readings
Give a Mouse a Cheese He'll Come back for Crackers and Wine
http://chrispycrunch.blogspot.com/2009/02/give-mouse-cheese-hell-come-back-for.html
Guardian TV report on Dubai
http://arabianmoney.net/2009/02/18/guardian-tv-report-on-dubai/
Jay Taylor on BNN
http://watch.bnn.ca/#clip139230
Yamana, GoldCorp and other stocks
HUI - Gold Ratio (HGR) - current status
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/yRf7sWKhr34/hui-gold-ratio-hgr-current-status.html
Gold-Oil Ratio (GOR) using proxies GLD & USO
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/NhQOhn4JeGs/gold-oil-ratio-gor-using-proxies.html
I posted something similar the other day...
Thursday Oil Market Roundup
http://bonddad.blogspot.com/2009/02/thursday-oil-market-roundup_19.html
Dr. Doom last interview...
http://www.youtube.com/watch?v=V7jsm9evM0A&feature=player_embedded
Airline news:
Emirates Airline adding 19 new aircraft
http://arabianmoney.net/2009/02/19/emirates-airline-adding-19-new-aircraft/
Off Topic:
Famed Social Sciences Author Jared Diamond Predicts 49 Percent Chance of Civilization Collapse
http://www.naturalnews.com/025662.html
Wow :-)
http://chrispycrunch.blogspot.com/2009/02/give-mouse-cheese-hell-come-back-for.html
Guardian TV report on Dubai
http://arabianmoney.net/2009/02/18/guardian-tv-report-on-dubai/
Jay Taylor on BNN
http://watch.bnn.ca/#clip139230
Yamana, GoldCorp and other stocks
HUI - Gold Ratio (HGR) - current status
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/yRf7sWKhr34/hui-gold-ratio-hgr-current-status.html
Gold-Oil Ratio (GOR) using proxies GLD & USO
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/NhQOhn4JeGs/gold-oil-ratio-gor-using-proxies.html
I posted something similar the other day...
Thursday Oil Market Roundup
http://bonddad.blogspot.com/2009/02/thursday-oil-market-roundup_19.html
Dr. Doom last interview...
http://www.youtube.com/watch?v=V7jsm9evM0A&feature=player_embedded
Airline news:
Emirates Airline adding 19 new aircraft
http://arabianmoney.net/2009/02/19/emirates-airline-adding-19-new-aircraft/
Off Topic:
Famed Social Sciences Author Jared Diamond Predicts 49 Percent Chance of Civilization Collapse
http://www.naturalnews.com/025662.html
Wow :-)
Labels:
Credit Crisis,
Gold,
Mining Stocks,
Multimedia,
Oil,
Readings
2009-02-18
Dow / Gold ratio
Dow / Gold ratio = 7.67
Labels:
Dow : Gold ratio
links
Long Term Dow Chart and Forecasts
http://jessescrossroadscafe.blogspot.com/2009/02/long-term-dow-chart.html
wow!!! very nice pick.
Russia and China Sign Oil Deal for the Next Twenty Years
http://jessescrossroadscafe.blogspot.com/2009/02/russia-and-china-sign-oil-deal-for-next.html
Are You Jessie Livermore?
http://martinmarketreport.blogspot.com/2009/02/are-you-jessie-livermore.html
DJ Transports
Yousa! One thousand tonnes in the trust!
http://themessthatgreenspanmade.blogspot.com/2009/02/yousa-one-thousand-tonnes.html
GLD
Ron Paul on stimulus
http://www.youtube.com/watch?v=W49LcbGoCwA&eurl=http://www.google.com/reader/view/&feature=player_embedded
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/17/hourly-action-in-gold-from-trader-dan-68/
via Jim Sinclair
http://jessescrossroadscafe.blogspot.com/2009/02/long-term-dow-chart.html
wow!!! very nice pick.
Russia and China Sign Oil Deal for the Next Twenty Years
http://jessescrossroadscafe.blogspot.com/2009/02/russia-and-china-sign-oil-deal-for-next.html
Are You Jessie Livermore?
http://martinmarketreport.blogspot.com/2009/02/are-you-jessie-livermore.html
DJ Transports
Yousa! One thousand tonnes in the trust!
http://themessthatgreenspanmade.blogspot.com/2009/02/yousa-one-thousand-tonnes.html
GLD
Ron Paul on stimulus
http://www.youtube.com/watch?v=W49LcbGoCwA&eurl=http://www.google.com/reader/view/&feature=player_embedded
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/17/hourly-action-in-gold-from-trader-dan-68/
via Jim Sinclair
Labels:
Gold,
Multimedia,
Oil,
Readings,
Stocks
2009-02-17
Dow / Gold ratio update
Dow / Gold ratio = 7.83
Lats time I checked was 8.98
Lats time I checked was 8.98
Labels:
Dow : Gold ratio,
Gold,
Stocks
Gartman Bullish On Gold
He´s really turned bullish on gold again, but tells us for the zillionth time he's not a gold bug.
http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/vqS6T8keX00s.asf&vCat=/av&RND=153328246&A=
...or audio feed directly (not clickable - copy/paste) :
mms://media2.bloomberg.com/cache/vqS6T8keX00s.asf
(Thanks Ron - I guess I copy your post)
http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/vqS6T8keX00s.asf&vCat=/av&RND=153328246&A=
...or audio feed directly (not clickable - copy/paste) :
mms://media2.bloomberg.com/cache/vqS6T8keX00s.asf
(Thanks Ron - I guess I copy your post)
Labels:
Gold,
Multimedia
What's up with gold - one week later...
Week ago I wrote What's up with gold .
now is time to post an update.
Gold weekly - horizontal support/resistance
Here we have fibo levels and price do not YET broke previous high - 988 USD.
One note here - I always said previous high is ~960, because I never needed correct value, but this chart gives extreme maximum 988 USD.
So target now is 988 USD, then ~1,040 USD (will see correct value when time comes).
Gold weekly
Here we have not much change from previous report - What's up with gold .
However @ 988 we have the brown channel top. So as of previous chart $988 is good target.
Gold daily
Here we have confirnmation that the pink channel is not correct.
Brown lines show correct channel. Note there are 2 upper lines. I believe the thick line is correct one. However there is possibility thin line to be the one that is correct.
Targets here are 970 USD from the thin line and ~988 USD from thick line.
Alexa - Gold Mania Barometer
This is how much traffic website Kitco gets. I calculated it several days ago. We are at the red dot - 0.075 - traffic raise over May.2008 high, but is not something extraordinary.
Note this is traffic, so May.2008 high is not support or something :)
If you do not know what this is, please visit following link:
http://nmmmnu.blogspot.com/search/label/Gold%20mania%20barometer
now is time to post an update.
Gold weekly - horizontal support/resistance

One note here - I always said previous high is ~960, because I never needed correct value, but this chart gives extreme maximum 988 USD.
So target now is 988 USD, then ~1,040 USD (will see correct value when time comes).
Gold weekly

However @ 988 we have the brown channel top. So as of previous chart $988 is good target.
Gold daily

Brown lines show correct channel. Note there are 2 upper lines. I believe the thick line is correct one. However there is possibility thin line to be the one that is correct.
Targets here are 970 USD from the thin line and ~988 USD from thick line.
Alexa - Gold Mania Barometer

Note this is traffic, so May.2008 high is not support or something :)
If you do not know what this is, please visit following link:
http://nmmmnu.blogspot.com/search/label/Gold%20mania%20barometer
Labels:
Gold,
Gold mania barometer
Telegraph did it again...
Failure to save East Europe will lead to worldwide meltdown
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html
The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html
The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.
Labels:
Credit Crisis
Gold in EUR
Gold in EUR at the moment is 770 EUR.
I can not say if this is all time high, but if is not, is close.
I can not say if this is all time high, but if is not, is close.
Labels:
Gold
Readings
FRONTLINE: Inside the Meltdown
http://www.calculatedriskblog.com/2009/02/frontline-inside-meltdown.html
BSC videos
China warns the US - 2nd semi-official warning?
http://feedproxy.google.com/~r/RealityLenses/~3/czaaThsfRjY/china-warns-us-2nd-semi-official.html
...and...
China warns the US - 1st semi-official warning?
http://realitylenses.blogspot.com/2008/08/china-warns-us-1st-semi-official.html
S&P 500 Cup With Handle Being Formed
http://martinmarketreport.blogspot.com/2009/02/s-500-cup-with-handle-being-formed.html
I must agree here, but also there is double top. Also, if SPX raise, this will be because of the inflation.
Platinum and Commodities Bubble, Deflationary Crash
http://www.marketoracle.co.uk/Article8765.html
Interesting, yet I do not agree with it. Platinuum was not a bubble, but supply problems
Minera Andes MAI.to fight for the control continued. MAI.to, TNR.v, CDNX
http://sufiy.blogspot.com/2009/02/minera-andes-maito-fight-for-control.html
Can The Euro Survive?
by John Mauldin
http://www.safehaven.com/article-12500.htm
In Bulgarian:
Кои са добрите времена?
http://ikonomika.org/?p=2064
BG government bonds
Гледна точка
http://ikonomika.org/?p=2056
BGN and EUR
http://www.calculatedriskblog.com/2009/02/frontline-inside-meltdown.html
BSC videos
China warns the US - 2nd semi-official warning?
http://feedproxy.google.com/~r/RealityLenses/~3/czaaThsfRjY/china-warns-us-2nd-semi-official.html
...and...
China warns the US - 1st semi-official warning?
http://realitylenses.blogspot.com/2008/08/china-warns-us-1st-semi-official.html
S&P 500 Cup With Handle Being Formed
http://martinmarketreport.blogspot.com/2009/02/s-500-cup-with-handle-being-formed.html
I must agree here, but also there is double top. Also, if SPX raise, this will be because of the inflation.
Platinum and Commodities Bubble, Deflationary Crash
http://www.marketoracle.co.uk/Article8765.html
Interesting, yet I do not agree with it. Platinuum was not a bubble, but supply problems
Minera Andes MAI.to fight for the control continued. MAI.to, TNR.v, CDNX
http://sufiy.blogspot.com/2009/02/minera-andes-maito-fight-for-control.html
Can The Euro Survive?
by John Mauldin
http://www.safehaven.com/article-12500.htm
In Bulgarian:
Кои са добрите времена?
http://ikonomika.org/?p=2064
BG government bonds
Гледна точка
http://ikonomika.org/?p=2056
BGN and EUR
Labels:
Credit Crisis,
EUR,
Gold,
Mining Stocks,
Multimedia,
Readings,
Stocks
Yesterday readings
US Dollar Long Term Chart with Commitments of Traders
http://jessescrossroadscafe.blogspot.com/2009/02/us-dollar-long-term-chart-with.html
World Oil Use in '09 to Fall by Most Since 1982: IEA
http://oildepletiondebate.blogspot.com/2009/02/world-oil-use-in-09-to-fall-by-most.html
Stimulus Package?
http://greatdepression2006.blogspot.com/2009/02/stimulus-package.html
Graphs: FDIC Bank Failures
http://www.calculatedriskblog.com/2009/02/graphs-fdic-bank-failures.html
...and...
Shameless self reprint :-) : US Stock market / Gold cycles and bank failures 1928 - 2024
http://www.novini.net/2008/07/us-stock-market-gold-cycles-and-bank.html
GM to U.S.: More Money or Bankruptcy
http://feedproxy.google.com/~r/CalculatedRisk/~3/NHw-2jI593I/gm-to-us-more-money-or-bankruptcy.html
TNR Gold TNR.v - Solitario - Robert McEwen and Minera Andes MAI.to San Jose and Los Azules Full Story.
http://sufiy.blogspot.com/2009/02/tnr-gold-tnrv-solitario-robert-mcewen.html
Off topic:
Ah, Venecia :)
http://e-vestnik.bg/5607
In Bulgarian:
Убиват ли хуманитарните помощи?
http://kaka-cuuka.com/1095
http://jessescrossroadscafe.blogspot.com/2009/02/us-dollar-long-term-chart-with.html
World Oil Use in '09 to Fall by Most Since 1982: IEA
http://oildepletiondebate.blogspot.com/2009/02/world-oil-use-in-09-to-fall-by-most.html
Stimulus Package?
http://greatdepression2006.blogspot.com/2009/02/stimulus-package.html
Graphs: FDIC Bank Failures
http://www.calculatedriskblog.com/2009/02/graphs-fdic-bank-failures.html
...and...
Shameless self reprint :-) : US Stock market / Gold cycles and bank failures 1928 - 2024
http://www.novini.net/2008/07/us-stock-market-gold-cycles-and-bank.html
GM to U.S.: More Money or Bankruptcy
http://feedproxy.google.com/~r/CalculatedRisk/~3/NHw-2jI593I/gm-to-us-more-money-or-bankruptcy.html
TNR Gold TNR.v - Solitario - Robert McEwen and Minera Andes MAI.to San Jose and Los Azules Full Story.
http://sufiy.blogspot.com/2009/02/tnr-gold-tnrv-solitario-robert-mcewen.html
Off topic:
Ah, Venecia :)
http://e-vestnik.bg/5607
In Bulgarian:
Убиват ли хуманитарните помощи?
http://kaka-cuuka.com/1095
Labels:
Credit Crisis,
Mining Stocks,
Readings,
USD
2009-02-13
Readings from yesterday
HUI-Gold ratio
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/4GvlLWyzwa4/hui-gold-ratio_12.html
Credit Suisse: $5.2 billion Loss
http://feedproxy.google.com/~r/CalculatedRisk/~3/ai5Yb-N8Qnk/credit-suisse-52-billion-loss.html
Retail sales rise ... Jobless claims top 600,000 again ... Tax breaks for home buying and car buying slashed
http://interestrateroundup.blogspot.com/2009/02/retail-sales-rise-jobless-claims-top.html
Worst Recession In 100 Years
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/537987316/worst-recession-in-100-years.html
incl video from Comedy Central, which I will include separate as well
They're raising taxes in California, oh my!
http://themessthatgreenspanmade.blogspot.com/2009/02/theyre-raising-taxes-in-california-oh.html
California is doomed :)
Gold and Gold Equities Pop and Oil Has a Drop
by Chris Vermeulen
http://www.safehaven.com/article-12583.htm
Gold Cup and Handles
by Jordan Roy-Byrne
http://www.safehaven.com/article-12585.htm
gold long term
In Bulgarian
АЕЦ “Козлодуй” отблизо и лично
http://blog.peio.org/?p=3237
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/4GvlLWyzwa4/hui-gold-ratio_12.html
Credit Suisse: $5.2 billion Loss
http://feedproxy.google.com/~r/CalculatedRisk/~3/ai5Yb-N8Qnk/credit-suisse-52-billion-loss.html
Retail sales rise ... Jobless claims top 600,000 again ... Tax breaks for home buying and car buying slashed
http://interestrateroundup.blogspot.com/2009/02/retail-sales-rise-jobless-claims-top.html
Worst Recession In 100 Years
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/537987316/worst-recession-in-100-years.html
incl video from Comedy Central, which I will include separate as well
They're raising taxes in California, oh my!
http://themessthatgreenspanmade.blogspot.com/2009/02/theyre-raising-taxes-in-california-oh.html
California is doomed :)
Gold and Gold Equities Pop and Oil Has a Drop
by Chris Vermeulen
http://www.safehaven.com/article-12583.htm
Gold Cup and Handles
by Jordan Roy-Byrne
http://www.safehaven.com/article-12585.htm
gold long term
In Bulgarian
АЕЦ “Козлодуй” отблизо и лично
http://blog.peio.org/?p=3237
Labels:
Credit Crisis,
Gold,
Mining Stocks,
Readings
2009-02-12
Oil prices check
COIL0309 44.59
WTI0309 34.38
The divergence is huge. Reading is correct, because Bloombers show almost the same:
Dated Brent Spot 44.68
WTI Cushing Spot 34.78
Anyone know what the reason may be?
This could be manipulation, could something else. Those oil prices will lead to disaster.
WTI0309 34.38
The divergence is huge. Reading is correct, because Bloombers show almost the same:
Dated Brent Spot 44.68
WTI Cushing Spot 34.78
Anyone know what the reason may be?
This could be manipulation, could something else. Those oil prices will lead to disaster.
Labels:
Oil
Four takeover targets in gold mining
http://www.theglobeandmail.com/servlet/story/RTGAM.20090211.wminers0211/BNStory/energy/home
Yamana is one of the targets...
Yamana is one of the targets...
Labels:
Mining Stocks
Black swan
The news just reported:
Two space satelits colided on top of Cyberia, chance this to happen was less 1:1,000,000
Two space satelits colided on top of Cyberia, chance this to happen was less 1:1,000,000
Labels:
Off topic
Readings
Symmetry; asymmetry
http://feeds.feedburner.com/~r/Bearwatch/~3/537873838/symmetry-asymmetry.html
China’s January surplus ($39.1b) is roughly the same size as the United States’ December deficit ($39.9b).
The old game continue... :-)
Let's illustrate the HUI target zone...
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/yQA3qze2NJ4/lets-illustrate-hui-target-zone.html
HUI
HUI locks and loads...
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/FVySq0SJ6Fg/hui-locks-and-loads.html
SLV and short SLV in case if you interested
10-year Treasury demand weak
http://interestrateroundup.blogspot.com/2009/02/10-year-treasury-demand-weak.html
The Stock Index - Gold Ratios
http://jessescrossroadscafe.blogspot.com/2009/02/stock-index-gold-ratios.html
Dow/Gold ratio
Two Longer Term Charts: Gold and the SP 500
http://jessescrossroadscafe.blogspot.com/2009/02/two-longer-term-charts-gold-and-sp-500.html
Gold and S&P must see.
Today's (US) Congressional Hearing on the Banks
http://www.youtube.com/watch?v=FLtieiyCFMw
video, via Jesse
Minera Andes MAI.to - Minera share issue meets resistance.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-minera-share-issue.html
Jim Rogers @ Bloomberg yesterday evening...
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/v1yQTu2Ffw3w.asf
Audio
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/11/hourly-action-in-gold-from-trader-dan-65/
Chart is similar to mine, but is not broken.
FBI investigating 530 corporate fraud cases
http://feeds.feedburner.com/~r/LawinfoWeblog/~3/537374684/
Cuomo blasts Merrill executives on bonus plan
http://feeds.feedburner.com/~r/LawinfoWeblog/~3/537398050/
European Bank Bailouts Could Precipitate a Government Crisis
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4590512/European-banks-may-need-16.3-trillion-bail-out-EC-dcoument-warns.html
via Jesse
http://feeds.feedburner.com/~r/Bearwatch/~3/537873838/symmetry-asymmetry.html
China’s January surplus ($39.1b) is roughly the same size as the United States’ December deficit ($39.9b).
The old game continue... :-)
Let's illustrate the HUI target zone...
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/yQA3qze2NJ4/lets-illustrate-hui-target-zone.html
HUI
HUI locks and loads...
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/FVySq0SJ6Fg/hui-locks-and-loads.html
SLV and short SLV in case if you interested
10-year Treasury demand weak
http://interestrateroundup.blogspot.com/2009/02/10-year-treasury-demand-weak.html
The Stock Index - Gold Ratios
http://jessescrossroadscafe.blogspot.com/2009/02/stock-index-gold-ratios.html
Dow/Gold ratio
Two Longer Term Charts: Gold and the SP 500
http://jessescrossroadscafe.blogspot.com/2009/02/two-longer-term-charts-gold-and-sp-500.html
Gold and S&P must see.
Today's (US) Congressional Hearing on the Banks
http://www.youtube.com/watch?v=FLtieiyCFMw
video, via Jesse
Minera Andes MAI.to - Minera share issue meets resistance.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-minera-share-issue.html
Jim Rogers @ Bloomberg yesterday evening...
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/v1yQTu2Ffw3w.asf
Audio
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/11/hourly-action-in-gold-from-trader-dan-65/
Chart is similar to mine, but is not broken.
FBI investigating 530 corporate fraud cases
http://feeds.feedburner.com/~r/LawinfoWeblog/~3/537374684/
Cuomo blasts Merrill executives on bonus plan
http://feeds.feedburner.com/~r/LawinfoWeblog/~3/537398050/
European Bank Bailouts Could Precipitate a Government Crisis
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4590512/European-banks-may-need-16.3-trillion-bail-out-EC-dcoument-warns.html
via Jesse
Labels:
Credit Crisis,
Mining Stocks,
Multimedia,
Readings,
Stocks
2009-02-11
What's up with gold.
Something happen with gold :)
Besides fundamentals, which I believe are very important, let's see the technical situation.
Weekly :
Daily, horizontal supports:
I usually do not pay that much attention to horizontal support / resistance levels. However, gold just *broke* the previous high from OCT.2008 (tested week ago too). Obviusly, the high from DEC.2008 and JAN.2009 - ~ $890 working as a support, and was already tested 2-3 times.
Daily:
Now, the daily chart. We have rising channel. Brown and Pink lines shows different way we can "construct" the channel.
Brown lines have more connecting "dots". If this is the correct way, then the channel is not yet broken.
If Pink lines describing the channel, then channel is broken, and we will see *sharp raise* in gold prices next couple of days.
Because we spoke purely technically, there is third very very low possibility - *bearish* one. Upper line is the Pink one, and bottom line is the Brown one. In such case we have *rising bearish wedge* with target middle $600's. However I do not believe so, also the wedge is *broken* on the "wrong" side already.
Conclusion: Gold raise is due ;)
Got gold?
Besides fundamentals, which I believe are very important, let's see the technical situation.
Weekly :
Blue lines shows a triangle, that was broken week or so ago. The brown lines show rising channel, which we will show on daily chart.
Pink lines show the bottom of the 2006 correction and the top of 2008, when gold hits ~ $1,040. The 2006 high ($740) is exactly at Fibonaci level of 38.2%. There is no other significant supports / resistances at other Fibo levels.
Daily, horizontal supports:

Daily:

Brown lines have more connecting "dots". If this is the correct way, then the channel is not yet broken.
If Pink lines describing the channel, then channel is broken, and we will see *sharp raise* in gold prices next couple of days.
Because we spoke purely technically, there is third very very low possibility - *bearish* one. Upper line is the Pink one, and bottom line is the Brown one. In such case we have *rising bearish wedge* with target middle $600's. However I do not believe so, also the wedge is *broken* on the "wrong" side already.
Conclusion: Gold raise is due ;)
Got gold?
Labels:
Gold
Madoff's Victims
WSJ made a list of victims participated in Madoff's ponzi fund...
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html
Some of the "winners"
Banco Santander Fortis HSBC Royal Bank of Scotland Group PLC BNP Paribas UniCredit SpA Hyposwiss Larry King
I wonder when some newspaper will expose the greatest ponzi of them all - Social Security:
Why Social Security System is a pyramide?
(link with my article in Bulgarian language)
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html
Some of the "winners"
I wonder when some newspaper will expose the greatest ponzi of them all - Social Security:
Why Social Security System is a pyramide?
(link with my article in Bulgarian language)
Labels:
Credit Crisis
Readings
Obama on Nationalization
http://www.calculatedriskblog.com/2009/02/obama-on-nationalization.html
The Gold Bull In Retrospect
http://jessescrossroadscafe.blogspot.com/2009/02/gold-bull-in-retrospect.html
Nasdaq 100 Futures Hourly Chart
http://jessescrossroadscafe.blogspot.com/2009/02/nasdaq-100-futures-hourly-chart.html
...and SPX...
http://jessescrossroadscafe.blogspot.com/2009/02/sp-hourly-chart-update.html
Jim Rogers on Bailout
http://www.youtube.com/watch?v=TNLQdrPUQRE
Video from Russia :-)
Ackerman's Attack on SEC
http://www.cnbc.com/id/15840232?video=1021551579
Video from CNBS
UBS: another year of mega loss and mega bonuses?
http://realitylenses.blogspot.com/2009/02/ubs-another-year-of-mega-loss-and-mega.html
UBS
Historic inflation in the USA and UK compared
http://feeds.feedburner.com/~r/Bearwatch/~3/536724558/historic-inflation-in-usa-and-uk.html
Catastrophic Fall in 2009 Global Food Production
by Eric deCarbonnel (Global Research, February 10, 2009)
http://www.globalresearch.ca/index.php?context=viewArticle&code=DEC20090210&articleId=12252
http://www.calculatedriskblog.com/2009/02/obama-on-nationalization.html
The Gold Bull In Retrospect
http://jessescrossroadscafe.blogspot.com/2009/02/gold-bull-in-retrospect.html
Nasdaq 100 Futures Hourly Chart
http://jessescrossroadscafe.blogspot.com/2009/02/nasdaq-100-futures-hourly-chart.html
...and SPX...
http://jessescrossroadscafe.blogspot.com/2009/02/sp-hourly-chart-update.html
Jim Rogers on Bailout
http://www.youtube.com/watch?v=TNLQdrPUQRE
Video from Russia :-)
Ackerman's Attack on SEC
http://www.cnbc.com/id/15840232?video=1021551579
Video from CNBS
UBS: another year of mega loss and mega bonuses?
http://realitylenses.blogspot.com/2009/02/ubs-another-year-of-mega-loss-and-mega.html
UBS
Historic inflation in the USA and UK compared
http://feeds.feedburner.com/~r/Bearwatch/~3/536724558/historic-inflation-in-usa-and-uk.html
Catastrophic Fall in 2009 Global Food Production
by Eric deCarbonnel (Global Research, February 10, 2009)
http://www.globalresearch.ca/index.php?context=viewArticle&code=DEC20090210&articleId=12252
Labels:
Credit Crisis,
Gold,
Multimedia,
Readings,
Stocks
2009-02-10
Readings

US Equity Charts in the Babson Style
http://jessescrossroadscafe.blogspot.com/2009/02/us-equity-charts-in-babson-style.html
Daily Gold Chart
http://jessescrossroadscafe.blogspot.com/2009/02/daily-gold-charts.html
Jesse sees possibility of breakup, but of breakdown as well.
US Dollar - calm before the waterfall.
http://sufiy.blogspot.com/2009/02/us-dollar-calm-before-waterfall-gdx-auy.html
Gold prices could hit $1,500, fears Merrill Lynch
http://sufiy.blogspot.com/2009/02/gold-prices-could-hit-1500-fears.html
Hourly Action In Gold From Trader Dan
http://jsmineset.com/index.php/2009/02/09/hourly-action-in-gold-from-trader-dan-63/
Minera Andes (MAI.to)
Minera Andes MAI.to 40 mln CAD placement from Robert McEwen.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-40-mln-cad-placement.html
Minera Andes MAI.to - Hochschild offers to buy JV partner Minera Andes.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-hochschild-offers-to.html
Minera Andes MAI.to - Rob McEwen's intent to take control of Minera Andes despite Hochschild bid.
http://sufiy.blogspot.com/2009/02/minera-andes-maito-rob-mcewens-intent.html
UK and EU
UK: Demand for Office Space Falls Sharply
http://feedproxy.google.com/~r/CalculatedRisk/~3/G91F_Japx04/uk-demand-for-office-space-falls.html
UBS Reports Record Loss
http://jessescrossroadscafe.blogspot.com/2009/02/ubs-reports-record-loss.html
People are angry (in Europe) http://themessthatgreenspanmade.blogspot.com/2009/02/people-are-angry-in-europe.html Video... Thanks Tim.
Labels:
Credit Crisis,
Gold,
Mining Stocks,
Multimedia,
Readings,
Stocks,
USD
2009-02-06
Schiff in Yahoo
Peter Shiff @ Yahoo Tech Ticker
http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-"Unmitigated-Disaster"?tickers=%5Edji,%5Egspc,QQQQ,SPY,DIA,TLT,UDN
Video Interview
http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-"Unmitigated-Disaster"?tickers=%5Edji,%5Egspc,QQQQ,SPY,DIA,TLT,UDN
Video Interview
Labels:
Credit Crisis,
Multimedia
Readings
Third multi-billion dollar ponzi-scheme/fraud
http://feedproxy.google.com/~r/RealityLenses/~3/LMUh6hj9SUs/third-multi-billion-dollar-ponzi.html
No is not about Madoff
Gasoline Back Above the Neckline
http://martinmarketreport.blogspot.com/2009/02/gasoline-back-above-neckline.html
UGA - didn't know about that fund...
Deutsche Bank Posts First Loss Since WW II
http://jessescrossroadscafe.blogspot.com/2009/02/deutsche-bank-posts-first-loss-since-ww.html
The Jobs Number for January Could be Quite Bad, Much Worse than Expected
http://jessescrossroadscafe.blogspot.com/2009/02/jobs-number-tomorrow-could-be-quite-bad.html
Puplava spoke about this too
Gross Says Government Stimulus Must Be in Trillions
http://jessescrossroadscafe.blogspot.com/2009/02/gross-says-government-stimulus-must-be.html
Gold Disconnects from USDollar
by Jim Willie
http://www.financialsense.com/fsu/editorials/willie/2009/0205.html
http://feedproxy.google.com/~r/RealityLenses/~3/LMUh6hj9SUs/third-multi-billion-dollar-ponzi.html
No is not about Madoff
Gasoline Back Above the Neckline
http://martinmarketreport.blogspot.com/2009/02/gasoline-back-above-neckline.html
UGA - didn't know about that fund...
Deutsche Bank Posts First Loss Since WW II
http://jessescrossroadscafe.blogspot.com/2009/02/deutsche-bank-posts-first-loss-since-ww.html
The Jobs Number for January Could be Quite Bad, Much Worse than Expected
http://jessescrossroadscafe.blogspot.com/2009/02/jobs-number-tomorrow-could-be-quite-bad.html
Puplava spoke about this too
Gross Says Government Stimulus Must Be in Trillions
http://jessescrossroadscafe.blogspot.com/2009/02/gross-says-government-stimulus-must-be.html
Gold Disconnects from USDollar
by Jim Willie
http://www.financialsense.com/fsu/editorials/willie/2009/0205.html
Labels:
Credit Crisis,
Oil,
Readings,
USD
2009-02-05
Mining Stocks
Why Juniors?, Why Now? - Analysis of the Canadian CDNX Index...
by Clive Maund
http://www.safehaven.com/article-12521.htm
Strange, Clive speaks for Juniors :)
And Larry wrote this:
HUI-Gold Ratio
by Gary Tanashian
http://www.safehaven.com/article-12522.htm
by Clive Maund
http://www.safehaven.com/article-12521.htm
Strange, Clive speaks for Juniors :)
And Larry wrote this:
HUI-Gold Ratio
by Gary Tanashian
http://www.safehaven.com/article-12522.htm
Labels:
Gold,
Mining Stocks
The Dubai real estate crash
http://themessthatgreenspanmade.blogspot.com/2009/02/dubai-real-estate-crash.html
and reprint from early today:
and reprint from early today:
Labels:
Credit Crisis,
Multimedia
Rates
UK rates down @ 1%
EU rates remain @ 2%
Has anyone tell me why pound raises against the dollar with 1.5 p?!?!?
EU rates remain @ 2%
Has anyone tell me why pound raises against the dollar with 1.5 p?!?!?
4 links
Currency Intervention Madness
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/532181349/currency-intervention-madness.html
Exxon Mobil Corp (XOM) CandleVolume Charts
http://feedproxy.google.com/~r/trendandvalue/~3/AQwSkvn4MUk/exxon-mobil-corp-xom-candlevolume.html
Interesting figure
CNN TV clip on Dubai property crash
http://arabianmoney.net/2009/02/05/al-jazeera-tv-clip-on-dubai-property-crash/
Swiss to vote on who can come in
http://www.iht.com/articles/2009/02/03/europe/swiss.4-422061.php
Traditionally neutral, with its banks a storehouse for money from all over Europe and the world, Switzerland has a series of agreements with 25 of the 27 European Union countries permitting freedom of movement. On Sunday, it must decide whether to renew them, and extend them to the EU's two newest members, Romania and Bulgaria.
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/532181349/currency-intervention-madness.html
Exxon Mobil Corp (XOM) CandleVolume Charts
http://feedproxy.google.com/~r/trendandvalue/~3/AQwSkvn4MUk/exxon-mobil-corp-xom-candlevolume.html
Interesting figure
CNN TV clip on Dubai property crash
http://arabianmoney.net/2009/02/05/al-jazeera-tv-clip-on-dubai-property-crash/
Swiss to vote on who can come in
http://www.iht.com/articles/2009/02/03/europe/swiss.4-422061.php
Traditionally neutral, with its banks a storehouse for money from all over Europe and the world, Switzerland has a series of agreements with 25 of the 27 European Union countries permitting freedom of movement. On Sunday, it must decide whether to renew them, and extend them to the EU's two newest members, Romania and Bulgaria.
Labels:
Credit Crisis,
Currencies,
Mining Stocks,
Oil,
Readings,
USD
2009-02-04
Two links
Jesse give us very long term Dow chart,
http://jessescrossroadscafe.blogspot.com/2009/02/very-long-term-dow-jones-industrial.html
with support @5000 level.
This is confirming my view for Dow/Gold ration and its bottom in 2012-2013.
Same time, UBS decided that gold will hit $1000 sometime this year
http://sufiy.blogspot.com/2009/02/ubs-raises-2009-gold-forecast-to-1000oz.html
http://jessescrossroadscafe.blogspot.com/2009/02/very-long-term-dow-jones-industrial.html
with support @5000 level.
This is confirming my view for Dow/Gold ration and its bottom in 2012-2013.
Same time, UBS decided that gold will hit $1000 sometime this year
http://sufiy.blogspot.com/2009/02/ubs-raises-2009-gold-forecast-to-1000oz.html
Readings
Limited readings, also the sources missing, but you can check it in the URL's
HUI
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/ECkdi1MAtNs/hui-has-not-followed-through-well-after.html
Huey
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/217sKCjWUqM/huey.html
Gold - monthly check up
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/JTNX27RG25s/gold-monthly-check-up.html
GM sales fall 48.9%, Toyota Off 32%
http://feedproxy.google.com/~r/CalculatedRisk/~3/NIDLSlzhRV0/gm-sales-fall-489-toyota-off-32.html
Fed: Rate target unchanged at 0% to 0.25%, ready to buy anything and everything; Bonds annihilated
http://interestrateroundup.blogspot.com/2009/01/fed-rate-target-unchanged-at-0-to-025.html
The Cost of Oil Production By Region and Volume
http://jessescrossroadscafe.blogspot.com/2009/02/cost-of-oil-production-by-region-and.html
$825bn stimulus plan signals gold take-off
http://arabianmoney.net/2009/01/29/850bn-stimulus-plan-signals-gold-take-off/
Lower energy prices will fuel gold miner profits
http://arabianmoney.net/2009/01/24/lower-energy-prices-will-fuel-gold-miner-profits/
One very good reason to be bullish on Oil
http://feedproxy.google.com/~r/RealityLenses/~3/ctKSXoG8WDw/one-very-good-reason-to-be-bullish-on.html
US Dollar Second weaker Top in a Double Top reversal.
DXY, TLT, GDX, AUY, SLW, SST.v, TNR.v, CZX.v, RMK.v, MGN.
http://sufiy.blogspot.com/2009/02/us-dollar-second-weaker-top-in-double.html
30 Year Chart of S&P 500
http://feedproxy.google.com/~r/trendandvalue/~3/fo4W0Lcs3js/30-year-chart-of-s-500.html
EUR/USD point and figure chart
http://feedproxy.google.com/~r/trendandvalue/~3/p6X-f9Uwx2U/eurusd-point-and-figure-chart.html
Historical:
Nixon closes gold window
http://realitylenses.blogspot.com/2009/02/nixon-lies-damn-lies.html
Thanks Pej
In Bulgarian:
В Русия - кризата настъпва, а с нея и недоволството
http://e-vestnik.bg/5520
HUI
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/ECkdi1MAtNs/hui-has-not-followed-through-well-after.html
Huey
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/217sKCjWUqM/huey.html
Gold - monthly check up
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/JTNX27RG25s/gold-monthly-check-up.html
GM sales fall 48.9%, Toyota Off 32%
http://feedproxy.google.com/~r/CalculatedRisk/~3/NIDLSlzhRV0/gm-sales-fall-489-toyota-off-32.html
Fed: Rate target unchanged at 0% to 0.25%, ready to buy anything and everything; Bonds annihilated
http://interestrateroundup.blogspot.com/2009/01/fed-rate-target-unchanged-at-0-to-025.html
The Cost of Oil Production By Region and Volume
http://jessescrossroadscafe.blogspot.com/2009/02/cost-of-oil-production-by-region-and.html
$825bn stimulus plan signals gold take-off
http://arabianmoney.net/2009/01/29/850bn-stimulus-plan-signals-gold-take-off/
Lower energy prices will fuel gold miner profits
http://arabianmoney.net/2009/01/24/lower-energy-prices-will-fuel-gold-miner-profits/
One very good reason to be bullish on Oil
http://feedproxy.google.com/~r/RealityLenses/~3/ctKSXoG8WDw/one-very-good-reason-to-be-bullish-on.html
US Dollar Second weaker Top in a Double Top reversal.
DXY, TLT, GDX, AUY, SLW, SST.v, TNR.v, CZX.v, RMK.v, MGN.
http://sufiy.blogspot.com/2009/02/us-dollar-second-weaker-top-in-double.html
30 Year Chart of S&P 500
http://feedproxy.google.com/~r/trendandvalue/~3/fo4W0Lcs3js/30-year-chart-of-s-500.html
EUR/USD point and figure chart
http://feedproxy.google.com/~r/trendandvalue/~3/p6X-f9Uwx2U/eurusd-point-and-figure-chart.html
Historical:
Nixon closes gold window
http://realitylenses.blogspot.com/2009/02/nixon-lies-damn-lies.html
Thanks Pej
In Bulgarian:
В Русия - кризата настъпва, а с нея и недоволството
http://e-vestnik.bg/5520
Labels:
Gold,
History,
Mining Stocks,
Oil,
Stocks
2009-02-02
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