2009-10-26

2009-10-22

Gold

Gold 4h


Gold 2h

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

2009-10-15

Readings

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

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

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

Kitco stats


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

Gold 4h


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

Dow at 10,015

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

"Rollover" movie

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

2009-10-13

Readings

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

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

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

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

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

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

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

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

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



Stocks:

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

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



Interesting:

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

2009-10-08

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

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

Couple of gold charts

Weekly - Gold retrospection:Explanations - tomorrow :-)

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

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

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

2009-09-23

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%)

2009-09-22

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.

2009-09-21

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/

2009-09-17

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.

2009-09-16

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...

2009-09-15

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.

2009-09-10

2009-09-09

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 :-)

2009-09-08

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












2009-09-06

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)

2009-09-04

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

2009-09-03

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

2009-09-02

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)

2009-08-28

El Tomatinia gallery

http://e-vestnik.bg/6979

Gold 4h

Gold is messy right now.
The old downtrend channel (brown) was broken.
There may be new uptrend and may have a triangle here - yellow.
The long term support (pink) is @ ~ $937.

Readings

Uncle Buck bides his time
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/xfzeremc-8c/uncle-buck-bides-his-time.html
USD bull

Gold - time is running out
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/q6dPsHGCRBg/gold-time-is-running-out.html
Gold neutral

When at First You Don't Succeed ---- Make It Up
http://jessescrossroadscafe.blogspot.com/2009/08/when-at-first-you-dont-succeed-make-it.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/08/27/hourly-action-in-gold-from-trader-dan-156/

More:

World's 50 safest banks 2009
http://www.gfmag.com/tools/bank-rankings/2341-words-50-safest-banks-2009.htm
Via Jesse

Hotel RevPAR off 16.7 Percent
http://feedproxy.google.com/~r/CalculatedRisk/~3/jj7jYkVe0WY/hotel-revpar-off-167-percent.html

In Bulgarian:

Край на рецесията? - България, Германия, Япония
End of the recession - BG, DE, JP
http://ikonomika.org/?p=2849

2009-08-26

Readings

Deficit forecast hiked to $9 trillion; Debt load to triple
http://interestrateroundup.blogspot.com/2009/08/deficit-forecast-hiked-to-9-trillion.html

Lithium and REE: World faces hi-tech crunch as China eyes ban on rare metal exports
http://sufiy.blogspot.com/2009/08/lithium-and-ree-world-faces-hi-tech.html

Bernanke To Get Second Term
http://bonddad.blogspot.com/2009/08/bernanke-to-get-second-term.html

Four more years for "Golden Ben Bernanke"
http://themessthatgreenspanmade.blogspot.com/2009/08/four-more-years-for-golden-ben-bernanke.html

In Bulgarian

Германия - 1 евро минимален капитал (за ООД)
Germany - 1 EUR minimum capital (for GMBH)
http://ikonomika.org/?p=2833

Минимална заплата
Minimal sallary
http://ikonomika.org/?p=2828

Interesting

A Stock to Buy RIGHT NOW
http://www.youtube.com/watch?v=lcqsPZljtDI
Don Harrold joke.

Ted Kennedy dies at 77
http://themessthatgreenspanmade.blogspot.com/2009/08/ted-kennedy-dies-at-77.html
Nice video of Edward Kennedy

Lego mania video
http://www.youtube.com/watch?v=4qsWFFuYZYI&feature=player_embedded
made in 1500 hours (2 mo)

2009-08-21

Gold 4h

The development of gold price was very unexpected. The price "cut" the 3 resistanses (blue and grey lines) and stopped in the middle of nowhere ;) . From there the price began correction and it will be very important where this correction will end.

Now the price may find support at the blue lines (objective $987) or may fell back in grey channel (only upper line is shown, objective $937, then $922).

2009-08-20

Fed Says Banks Tightened Lending in Second Quarter

http://www.bloomberg.com/apps/news?pid=20601087&sid=aA_yjiBTcYVo

Zimbabwe considering gold-backed currency

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=87809&sn=Detail

Gold 4h and 1h

Gold 4h chart:

Gold 1h chart:Basically these are one and same chart. Gold found support at the $935 blue line, thats parallel to the previous channel. Grey lines shows the downtrend. Formal support act as resistance now and the price have difficulties to go tru $946 level.

One possibility is over time, the blue lines will raise, and the gray line will drop. Then they will "meet" at let say $948 where the the gold price will hit the immediate term peak.

Readings

Euro - You buyin' it?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/I3mqBGAKZLY/euro-you-buyin.html
Bearish EUR

China takes stock markets down again, astrologers vindicated
http://arabianmoney.net/2009/08/19/china-takes-stock-markets-down-again-astrologers-vindicated/

Nearly everyone was proclaiming a new bull market
http://feedproxy.google.com/~r/RealityLenses/~3/QYc78T65rn4/nearly-everyone-was-proclaiming-new.html

IMF Says Recession Is Over
http://bonddad.blogspot.com/2009/08/imf-says-recovery-is-over.html

Interesting:

Hacker Indicted in Largest Credit/Debit Card Data Breach in U.S. History
http://feedproxy.google.com/~r/LawinfoWeblog/~3/EBSwvtm1e60/

Paneuritmia photogallery
http://e-vestnik.bg/6911
(more info here http://www.panevritmia.info/?lang=en)

2009-08-17

Gold 4h

Unfortunately, the downtrend I spotted on Gold chart was developed and gold fell to the downtrend channel bottom (grey lines), and in same time to general daily support (pink). Note the pink line is estimated, because chart we use is 4 hours.

The low risk enter point in gold is probably now. Now gold must raise, but only to $955.

After that we may expect a correction, but it will be very difficult to predict it at this point, because the price will be inside the blue channel once again.

Readings

Say, wanna see something bullish?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/CC5uKTEmiWk/say-wanna-see-something-bullish.html
TLT

Time to Get Defensive
http://jessescrossroadscafe.blogspot.com/2009/08/time-to-get-defensive.html

More Than 150 Publicly Traded US Banks Are In Serious Trouble
http://jessescrossroadscafe.blogspot.com/2009/08/more-than-150-publicly-traded-us-banks.html

Still no actions against Henry Paulson's illegal actions
http://realitylenses.blogspot.com/2009/08/still-no-actions-against-henry-paulsons.html
Paulson and Goldman

Gold, Silver, Oil and Gas Technically Speaking
by Chris Vermeulen
August 13, 2009
http://www.safehaven.com/article-14180.htm
...and...
August 17, 2009
http://www.safehaven.com/article-14217.htm

Why Did the U.S. government Confiscate Gold in 1933 and Can it Happen Again?
by Julian D. W. Phillips
August 14, 2009
http://www.safehaven.com/article-14191.htm
non full article...

The Sputnik Moment

Very good documentary, must be seen:

The Sputnik Moment - The Year America Changed its Schools
http://www.youtube.com/watch?v=GhJnt3xW2Fc

2009-08-12

EUR/ZAR

EUR/ZAR 1 dayHere price pretty much go in range (canal) between 10.80 and 11.65. At the moment the price is at the range top and we may expect the price to fall to 10.80 again.

EUR/ZAR 4hHere on 4h chart we can see the supports - 11.30, 11.20, ~11.10 (brown line), 10.90, 10.80 (range bottom).

Conclusion, in the short term, the rand will go up against the EURo. In medium term we may expect the price to stay in the range.

Gold 4h, EUR/USD 8h and USD/ZAR 4h

Gold 4hGold correcting and we may already saw the low point - $ 940.54. It is not on the exact bottom (I miss the trade with $1 too). Now trend must be up to $980 area.

Grey line is probable down trend, and *must* be ignored for the moment.

EUR/USD 8hEURo already corrected, and now going up to $1.45. Note unlike the gold chart, this chart is 8h.

USD/ZAR 4hA reader requested me for EUR/ZAR analysis. I did USD/ZAR instead, but will look at EUR/ZAR later as well. Imortant here is that higher values means higher USD, lower values means higher rand.

Similar to other charts, there are USD-rising channel. The brown line probably forms a wedge, but it is already broken. Now we may see fall to ~8 rands, or fall may continue to 7.8 rands.

This means USD will go lower, and the ZAR will go up, at least in short term.
In long term ZAR may go down against the USD and probably against the EUR.

2009-08-11

Documentary for selling UK's gold



Via: Jesse:
http://jessescrossroadscafe.blogspot.com/2009/08/gordon-browns-bottom-and-sale-of.html
Gordon Brown's Bottom and the Sale of England's Gold







Profit from Financial Spread Betting

Commodities are just one arena to trade for people who are spread betting. Commodities can be volatile, and volatile trading means there are profits to be had as long as there is a wisely placed stop-loss. Profits made by spread betting are also tax-free!

2009-08-10

Gold 4h and EUR/USD 8h

Gold 4hGold going down to ~937, there must be some support at current levels. After decline to the lower boundary of the channel, gold must raise to 975-980.

EUR 8hEUR/USD picture is similar to the Gold, but timeframe is "double" - 8 hours. EUR already declined to lower boundary and any moment now must go up.

Readings

Fannie Mae: $14.8 Billion Loss, Requests $10.7 Billion from Treasury
http://feedproxy.google.com/~r/CalculatedRisk/~3/DOnIYNzanhA/fannie-mae-148-billion-loss-requests.html

Dollar Sentiment Charts
http://trendsman.com/2009/08/06/dollar-sentiment-charts/

Goldman Sachs $100 Million Trading Days Reach Record
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=am7Ds.JhNxvw

Krugman: "Great free fall seems to be over"
http://feedproxy.google.com/~r/CalculatedRisk/~3/2kX4g4iQoxA/krugman-great-free-fall-seems-to-be.html

Employment Report: 247K Jobs Lost, 9.4% Unemployment Rate
http://feedproxy.google.com/~r/CalculatedRisk/~3/JB4K53ROk4Y/employment-report-247k-jobs-lost-94.html

Forex Fridays
http://bonddad.blogspot.com/2009/08/forex-fridays.html

Will the US Dollar Falter on an "Iron Cross"?
http://jessescrossroadscafe.blogspot.com/2009/08/will-us-dollar-falter-on-iron-cross.html

Krugman: Reappoint Bernanke
http://feedproxy.google.com/~r/CalculatedRisk/~3/5zznZNx4qVw/krugman-reappoint-bernanke.html

Gold will correct back in financial market turmoil
http://arabianmoney.net/2009/08/10/gold-will-correct-back-in-financial-market-turmoil/

Even more CASH for Clunkers
http://feedproxy.google.com/~r/LawinfoWeblog/~3/VF9MwBr5fNI/

Cash For Clunkers Explained
http://www.youtube.com/watch?v=g8N3sB_YNOM
Video from Don Harrold :)


Interesting:

GOOD: Mini Wind Turbines
http://www.youtube.com/watch?v=2g_BXY4gmK8&eurl=http%3A%2F%2Fwww%2Egoogle%2Ecom%2Freader%2Fview%2F&feature=player_embedded

650 million years in 120 sec
http://www.dailymotion.com/video/x8266a_650-million-years-in-120-min_tech


In Bulgarian

Владимир Путин - 10 години на власт
http://e-vestnik.bg/6808
Putin - 10 years in power

CEDE & CO.

I listen to a radio for this conspirative article.
However I did not understood anything and I decided to look for it,

Electronic Thievery Underway
http://www.goldandsilverexchange.info/electronic-thievery.html

this was brought from Jim Sinclair website, and he did not really commented on it...

In the news today
http://jsmineset.com/2009/07/29/in-the-news-today-263/

however, the one who posted it to JS, got it from here...

Who really owns your stocks
http://tycoonreport.tycoonresearch.com/articles/498930687/who-really-owns-your-stocks-hint-it-s-not-you


Interesting thread on the subject is this one:

WTF is the DTCC and CEDE & CO.
http://www.grandinite.com/2008/09/22/wtf-is-the-dtcc-and-cede-co/

2009-08-07

Gold 4h

Blue channel = in tact.
Brown channel (shown only upper boundary) = broken.
The pink line may or may not act as support.

2009-08-06

Gold 4h and 1h

Gold 4hThe blue channel is still in tact. The wedge from previous post (brown top and pink bottom) was broken, but support was found before what may be parallel channel (brown).
Now prices are near blue channel top, and price must go down at least to brown channel bottom ($956), but I dont think is good entry because the price may fall to blue channel bottom ($935).

Gold 1hHere we see the probable channel (brown).
There must be selling around $970 (even it was broken for a while).

Links

SPX 60 minute chart
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/CR-HNa6HDcc/spx-60-minute-chart.html

Treasury keeps increasing the size of its debt auctions
http://interestrateroundup.blogspot.com/2009/08/treasury-keeps-increases-size-of-its.html

Thursday Oil Market Round-Up
http://bonddad.blogspot.com/2009/08/thursday-oil-market-round-up.html

Wednesday Commodities Round-Up
http://bonddad.blogspot.com/2009/08/wednesday-commodities-round-up.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/08/05/hourly-action-in-gold-from-trader-dan-154/

Gold, Silver, Oil and Nat Gas Technical Update
by Chris Vermeulen
August 05, 2009
http://www.safehaven.com/article-14111.htm

2009-08-05

Readings

4 Weeks to Go
by Angelo Campione
7/26/2009
http://www.safehaven.com/article-14028.htm
SPX

Gold, Silver, Oil, Nat Gas with a Technical Melt Down
by Chris Vermeulen
July 30, 2009
http://www.safehaven.com/article-14055.htm

Do Not Be Fooled, Another Major Economic Collapse Could Be Coming Sooner Than Many Think
by Robert McHugh
August 01, 2009
http://www.safehaven.com/article-14073.htm

Gold Bugs' Bet on China - a Mistake?
by Boris Sobolev
August 02, 2009
http://www.safehaven.com/article-14088.htm
can not understand it

Ignore the ‘noise’
by Puru Saxena
July 24, 2009
http://www.financialsense.com/editorials/saxena/2009/0724.html

Interesting

CNN Poll: 50% favor health care reform
http://money.cnn.com/2009/08/05/news/health_care_poll/index.htm?section=money_topstories
Obamacare

Gold 4h

Gold @ 4h
Blue lines forms an upper channel. Brown lines forms a bearish wedge.
Probable development is the wedge to be broken and the price to go to lower blue channel line. Then - up.

2009-08-04

Readings

Silver: Inflation Adjusted-All Time High
http://trendsman.com/2009/07/28/silver-inflation-adjusted-all-time-high/
According to the Mogambo Guru, the inflation adjusted all time high in Silver is $1,012/oz. That is in 1998 dollars.
My comment - may be not, because it was clearly a bubble. Check wikipedia for "Hunt Brothers".

Bailouts to Reach $23.7 Trillion!
http://trendsman.com/2009/07/20/bailouts-to-reach-237-trillion/
...and...
http://feedproxy.google.com/~r/RealityLenses/~3/ui0ALFzM8B8/us-bailout-cost-could-reach-237.html

June existing home sales climb 3.6%
http://interestrateroundup.blogspot.com/2009/07/june-existing-home-sales-climb-36.html

Gold disoveries since 1997
http://feedproxy.google.com/~r/RealityLenses/~3/CA3lC3Gqd7o/gold-disoveries-since-1997.html

Gold ETF Holdings since 2003
http://feedproxy.google.com/~r/RealityLenses/~3/seAU7wKZ1_Y/gold-etf-holdings-since-2003.html

Historical Annual S&P 500 Earnings
http://feedproxy.google.com/~r/RealityLenses/~3/dKi40s_3pnc/historical-annual-s-500-earnings.html

Major revisions to the GDP data
http://themessthatgreenspanmade.blogspot.com/2009/07/major-revisions-to-gdp-data.html

97 Days To Go
http://jsmineset.com/2009/08/02/97-days-to-go/
by Jim Sinclair

Forex Fridays
http://bonddad.blogspot.com/2009/07/forex-fridays_31.html
USD

Uncle Buck did not RSVP
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/xVryJDBY-2s/uncle-buck-did-not-rsvp.html

SPX Chart from Jesse
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8WuQpTnjKDBwHgKO1Xd1nCioDBG3sEnq6_AFItUoIPqd8g53zGUowWQBe5Fglwi_EhcwRYbZhh36titGW9rEL3OQ-KK8pBHpgrnDEkUPJKp7LjQcJ0yhp0n7OBtWkKgNVXZ7QnA/s1600-h/sphourly2.PNG

Monthly Gold Charts From Trader Dan
http://jsmineset.com/wp-content/uploads/2009/07/Charts-for-7-31-2009.pdf

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2009/08/03/hourly-action-in-gold-from-trader-dan-152/
(last one)

Videos

Marc Faber thinks the crisis is far from over
http://arabianmoney.net/2009/07/30/marc-faber-thinks-the-crisis-is-far-from-over/
video

Jim Rogers on investing in China and the bubble
http://arabianmoney.net/2009/08/02/jim-rogers-on-investing-in-china-and-the-bubble/
video

Buying vs Renting
http://www.youtube.com/watch?v=YL10H_EcB-E&feature=player_embedded
...and part 2...
http://www.youtube.com/watch?v=QA2TBiIsdT0&feature=related

Interesting

Fridman on spending money
http://www.youtube.com/watch?v=5RDMdc5r5z8&feature=player_embedded
video

Mike Maloney - Gold needs to go to $15,000
http://www.youtube.com/watch?v=ckFfzoplC-I
video with Robert Kiosaki (aka Rich Dad)

Mike Maloney, precious metals specialist for Robert Kyosaki : buy REAL gold !
http://www.youtube.com/watch?v=KSvX7Vt_fNo&feature=player_embedded
video without :-) Robert Kiosaki

In Bulgarian

Видеонаблюдение за проблемите на подрастващите
http://blog.peio.org/?p=4755
original article in English:
http://www.express.co.uk/posts/view/115736/Sin-bins-for-worst-families

2009-08-01

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)