The currencies are all falling right now. China has a hugh amount of our dollars and will not want to take a loss when the dollar turns. They have recently requested the companies to give account of the foreign currencies they have. They are also starting to store oil. They have also wanted to increase [...]
On 10/24 AEM closed at $26. Yesterday (12/26) AEM closed at $47.87. A gain of 84%.
On 10/24 GLD closed at $72.21. Yesterday (12/26) GLD closed at $85.60. A gain of 18.5%.
On 10/24 AUY closed at $4.03. Yesterday (12/26) AUY closed at $6.95. A gain of 72.45%.
On 10/24 ABX closed at $19.89. Yesterday (12/26) ABX closed [...]
Actually, short sellers have never been the major moving force that caused all the crashes, despite what the media might try to spin. Take any given stock, and look at the short interest, you will see that the total short interest is often barely equivalent to the volume of 1 trading day.
Short sellers are more [...]
China is serious about keeping their economy roaring. They must. The paranoid government doesn’t want a revolt (there have been thousands of demonstrations of one sort or another during the last several years). Okay, we’re talking about sometimes dozens of people in a country of 1 billion +.
China’s stimulus was huge for its size in [...]
by Eric deCarbonnel
We have finally gotten to the point where most investors and the media understand the severity of the credit crisis and are expecting deflation. It is a good start, but unfortunately, it still isn’t quite right.
Deflation will be in terms of gold, like in 1929
As deleveraging occurs and debt is [...]
Ron Paul Warns Of Great Shift Toward Global Government Under Obama
Congressman says president elect was chosen long ago to take care of the corporate elite
Steve Watson
Infowars.net
Wednesday, Nov 5, 2008
“….Commenting on the much touted “International crisis” that luminaries such as Colin Powell, Joe Biden and Zbigniew Brzezinski have all guaranteed will occur within [...]
The consumer has gone home to a house they can’t afford to sort through credit card bills they can’t pay and — oh yeah — check the want ads for a job. Unemployment numbers can be jiggered, but the consumer spending can’t be because it comes through retail earnings. Watch what happens to the retail [...]
Because a rate cut right now, without coordination of it with ECB and other central banks, will be absolutely disasterous for US economy, due do the following reasons:
1- It will Send the US Dollar plunging even more vs Euro
2- As a result send the price of Oil and all commodities back up just when they [...]
I do want to note that the margin calls are what’s causing the hedgies to have to liquidate, and why there was a consequent drop in both stocks AND gold (hedge funds hedged their own assets with commodities, esp. gold), and a corresponding rapid strengthening in the USD and massive buy-up of T-bills (to satisfy [...]
OS ANGELES (MarketWatch) — Major Latin America stock markets remained under pressure Friday, weighed by a sharp drop in prices for commodities and persistent fears about a global recession. Brazil’s Bovespa and Argentina’s Merval each dropped more than 6%. Mexico’s IPC fell 4.5% to 17,002.27, and Chile’s IPSA lost 1.7% to 2,355. The regional benchmarks [...]
Is it simply the lack of Regulation, or just the lack of any Enforcement of the Regulations that we have in place to protect us, as Investors, from the very Corporations that we have invested both our Trust and Savings to?”
Our problem: It was due to ignoring one of the most basic tenants of a [...]
David Callaway points out that oil’s failure to reach $200 a barrel — it is now sitting in the low 70s after collapsing from $145 — is suggestive that the current economic gloom will not reach apocalyptic proportions. There is a good probability that Callaway is right – in the short term.
Powerful individuals at [...]
When the Anglo-Saxon central bankers print unlimited number of fiat money out of thin air it’s called “financial stabilisation, coordinated liquidity injection, bailout package, etc…But when Zimbabwe prints unlimited number of their currency, they are called a banana republic.
I still see a lot of companies reporting a lot worse than expected EPS and more jobs [...]
Tomorrow is the day: if people run and take profit we could go all the way down and more…otherwise the market could very well keep this numbers, until wednesday–most important day of the year.
We’re caught in the squeeze. If this equities rally continues, commodities will stage a huge comeback rally. This will eventually force some [...]
Einstein: “Insanity is doing the same thing over and over and expecting different results.”
Arpie: “Mass psychosis is expecting the same people who created a crisis to solve it.”
$700 bailout mess is complicating matters. Our government’s highest priority is to restore calm in the markets and cause cash to circulate. But I don’t think this bailout [...]
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