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- Coming Dollar Crisis = Lower Stock Prices + Much Higher Gold Prices
- Goldrunner: Fractal Analysis Suggests Silver to Reach $52 – $56 by May – June 2011
- Silver is Now Even More Precious Than Gold! Do You Own Any?
- Endeavour Silver Announces Transfer of Common Share Listing From NYSE Amex to the New York Stock Exchange
- Silver Miners ETF: Belle of the Ball
- Physical Silver (PSLV) Premium To NAV Surges To Record High
- 3 Blue Chips to Hedge a Falling Dollar
- How Much Should the U.S. Cut the Deficit?
- Pfizer Needs Rheumatoid Arthritis Drug to Keep Performing
- QE2 Boosted the Markets, But What Happens Next?
- 'Alarming' Second Hand Inflation in Brazil
- Money and Credit Were Central in the Economic Crisis
- Silver SMACKDOWN in the works
- Capital Gains Tax at 15%?
- Swiss Franc ETF: An Overlooked Safe Haven?
- Monetizing Silver: Instant Prosperity
- A Euro Short Is Born
- France 2012: the National Front overtakes the UMP
- Oil, Gold Rise and Silver Surges to Record on MENA Contagion and…
- Silver Shocker
- Top gold analyst: Why the U.S. government confiscated gold...
- Why investors are flooding into the euro
- "The flight to new reserve currency is on"
- The U.S. dollar is in immediate danger
- What $1 Billion Looks Like
- Expect Civil War In Libya Rallying Gold, Silver, and Crude Oil
- Trading Comments, 7 March 2011 (posted 09h45 CET):
- Not enough metal to put dollar back on gold, Bernanke says
- $80 Silver, $2,000 Gold, $140 Oil - Yamada
| Coming Dollar Crisis = Lower Stock Prices + Much Higher Gold Prices Posted: 07 Mar 2011 06:34 AM PST With the U.S. dollar in decline Treasuries will also be panned. [As such,] cash is beginning to head toward real money in a flight-to-safety - and there is no way precious metals can absorb a panic-level volume of capital without a massive price adjustment. Words: 530 |
| Goldrunner: Fractal Analysis Suggests Silver to Reach $52 – $56 by May – June 2011 Posted: 07 Mar 2011 06:34 AM PST Dollar Inflation remains the driver of the pricing environment for almost everything denominated in U.S. Dollars as long as the Fed continues to monetize debt. The debt monetization creates Dollar Inflation that results in Dollar Devaluation. By the time the Fed has ramped up the QE II that they have announced will end in June, I expect Gold, Silver, and the HUI will have risen to $1860 - $1975, $52 - $56 and 940 - 970 respectively. Let me show you why. Words: 1301 |
| Silver is Now Even More Precious Than Gold! Do You Own Any? Posted: 07 Mar 2011 06:34 AM PST Silver is now rarer than gold and will be for all of eternity. From this point forth we work from current silver production alone and, from this point forth, demand will outstrip production without exception. [Can you imagine what that means for the future price of this, indeed, precious metal? Forget about the popular expression: 'Got gold?' The much more important - and potentially more profitable - question to ask these days is, 'Got silver?'] Words: 972 |
| Posted: 07 Mar 2011 06:10 AM PST Endeavour Silver Corp. (TSX:EDR)(AMEX:EXK)(DBFrankfurt: EJD) announced today that it has received approval to list its common shares on the New York Stock Exchange (NYSE). Trading is scheduled to commence on March 14, 2011 under the ticker symbol EXK. |
| Silver Miners ETF: Belle of the Ball Posted: 07 Mar 2011 05:17 AM PST Tom Lydon submits: Silver prices these days seem to be unstoppable. But it's not just the physically-backed silver exchange traded funds leading the charge higher. No, Global X Silver Miners (NYSEArca: SIL) is up 19% in the last month, and it's more than holding its own against the physical ETFs like iShares Silver Trust (NYSEArca: SLV) and ETFS Physical Silver (NYSEArca: SIVR), both of which are up more than 22% in the last month. Just as gold miners see their profit margins increase when gold prices are high, silver miners enjoy similar benefits. Global X's fund is also a good play as an alternative for investors who aren't interested in physically-backed or futures-based options. The ETF Professor on Benzinga reports that SIL is one year old today and has almost $500 million in assets under management. In the last year, the fund has gained 106.9%. That may have you Complete Story » |
| Physical Silver (PSLV) Premium To NAV Surges To Record High Posted: 07 Mar 2011 05:09 AM PST While rumors that certain banks and exchanges may or may not be experiencing a dramatic run on physical silver are propagating across the blogosphere, we won't know for sure until we see Blythe Masters resignation letter. In the meantime Alexander Gloy of Lighthouse Investment reminds us of something very much indisputable: the physical premium over paper silver has just hit 20%, or an all time record. For all those who claim (oddly enough) that silver is really ubiquitous and one kicks around discarded bars of silver just walking down the street, should most certainly bet on this spread collapsing. Everyone else (presumably those who have been long physical silver for months if not years) are advised to sit tight.
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| 3 Blue Chips to Hedge a Falling Dollar Posted: 07 Mar 2011 05:08 AM PST StreetAuthority submits: By David Sterman In the recent economic crisis, global investors fled to the safety and solidity of the U.S. dollar, pushing it up in value after a steady downward trend. As the global economy begins to strengthen, the dollar is once again losing altitude. And all signs point to yet further weakness, perhaps by a significant amount. And that's why you need to be prepared ... A perfect storm Complete Story » |
| How Much Should the U.S. Cut the Deficit? Posted: 07 Mar 2011 05:05 AM PST John M. Mason submits: How much should the United States government cut its budget deficit? This seems to be the big debate in Congress surrounding discussions/negotiations related to the new fiscal budget. The problem as I see it is that the United States government is focused on the wrong objective! It is focused on an objective, low level of unemployment that it cannot achieve without creating all other kinds of distortions in the economy, distortions that produce, in many cases exactly the opposite result from what the government is attempting to achieve. Let me tell you what objective I believe the United States government should focus upon in determining its economic policy stance, which includes its fiscal budget. I believe that the primary economic focus of the United States government should be on the value of the United States dollar. I believe that the United States government should attempt to stabilize and maintain the Complete Story » |
| Pfizer Needs Rheumatoid Arthritis Drug to Keep Performing Posted: 07 Mar 2011 04:56 AM PST EP Vantage submits: Success in a second pivotal study with tofacitinib, a novel pill to treat rheumatoid arthritis, is great news for Pfizer (PFE). The drug is by far the most valuable product in the pharma giant's pipeline and represents a rare home-grown compound for the company (Pfizer highlights rare organic candidate amid M&A driven growth strategy, November 23, 2010). The data released last week also bolsters excitement around this class, Jak kinase inhibitors, which many believe hold the potential to radically change the treatment of RA, providing the first really effective oral medications. Tofacitinib is the most advanced candidate and data from three more Phase III studies has yet to appear, but analysts are already pencilling in billion dollar sales forecasts. Rising hopes Consensus for sales of tofacitinib – until recently called tasocitinib - in 2016 already sits at $1.12bn, according to EvaluatePharma. That figure has been edging higher over the last Complete Story » |
| QE2 Boosted the Markets, But What Happens Next? Posted: 07 Mar 2011 04:52 AM PST Doug Short submits: This morning CNBC tells us that Most Economists Say Fed Easing is Helping. The headline claim is based on a survey from the National Association for Business Economics (NABE). They found that 62.4 percent of the economists they polled think the latest round of stimulus, aka QE2 that began last November, is working. Here's an overlay of the S&P 500 (SPY) and the major phases of Fed intervention since 2007. The market peaked at its all-time nominal high in October 2007. But the Fed had begun cutting the Federal Funds Rate (FFR) a few weeks before. The first of a string of bail-out programs began with the Primary Dealer Credit Facility (PDCF) on March 17, 2008, in response to the collapse of collapse of Bear Stearns. The market rallied for a few months before rolling over. The dramatic cliff-dive in price was triggered by the bankruptcy Complete Story » |
| 'Alarming' Second Hand Inflation in Brazil Posted: 07 Mar 2011 04:45 AM PST In an article I wrote two years ago, at the nadir of the stock market collapse, I suggested that capital intended to stimulate the U.S. economy was finding its way to Brazil. Today it is becoming evident that this has played itself out to an alarming degree, resulting in second hand inflation. The movement of funds to Brazil has taken the form of direct investment, motivated by the high growth rate (GDP grew 7.5% in 2010) and "fast money" looking for higher yields. This has been a contributing factor in driving the inflation rate to above 6%, well beyond the 4.5% target set by the Brazilian Central Bank. Higher government spending, which jumped 22.4% in 2010 and 14.9% in 2009, and record low interest rates were also significant culprits in fueling inflation. Brazil was the first major country to emerge from the economic downturn and it is now proving to Complete Story » |
| Money and Credit Were Central in the Economic Crisis Posted: 07 Mar 2011 04:42 AM PST Modeled Behavior submits: By Karl Smith Paul Krugman is doubting that financial collapse was a key part of the recession
I am not sure how central people think the banks were so I am not sure how hard to push back. My take is that household debt and the banking collapse were symbiotic in their destructive nature. At the center of the story, however, is money and credit. Highly leveraged households meant that consumers were very sensitive to economic disruption. The danger in having a lot of leverage is that when things go bad they go really bad. The flipside of course is that when things go good Complete Story » |
| Posted: 07 Mar 2011 04:34 AM PST JP at it again with trillions under management silver is just a speck on the wall.:mad: tJ.P. Morgan is a global leader in asset and wealth management services. We serve institutional, high net worth and retail clients through J.P. Morgan Asset Management; Highbridge Capital Management; and Private Banking, which includes the Private Bank, Private Wealth Management, and J.P. Morgan Securities. With assets under supervision of $1.8 trillion and assets under management of $1.3 trillion, we are one of the largest asset and wealth managers in the world. Butlers Latest:[B] SILVER SHOCKER..... http://news.silverseek.com/SilverSeek/1299509764.php |
| Posted: 07 Mar 2011 04:12 AM PST If you are married and filing jointly and have a combined income under 68k and you only were selling enough PM to bring you up to the limit of the 15% tax bracket you could avoid the 28% tax. Is this statement correct? The following was taken from: http://www.sanderscpa.com/capital_ga..._informati.htm .................................................. ................................................. THE FOLLOWING RULES APPLY TO CAPITAL ASSET SALES OCCURRING BEFORE MAY 6, 2003, AND AFTER JANUARY 1, 2011, THE "OLD RULES, " WHICH WILL ONCE AGAIN BECOME THE NEW RULES UNLESS CONGRESS FURTHER EXTENDS THE "CURRENT RULES." 1. CAPITAL GAINS TAX RATES EFFECTIVE AFTER 1/1/1998 1. Capital assets held more than 12 months AND less than 60 months: 1. If in 10% or 15% tax bracket, the maximum capital gains tax rate is 10%. 2. If in 28% tax bracket or higher, the maximum capital gains tax rate is 20%. 2. Collectibles held more than 12 months: 1. If in 10% or 15% tax bracket, the maximum capital gains tax rate is 15%. 2. If in 28% tax bracket or higher, the maximum capital gains tax rate is 28%. |
| Swiss Franc ETF: An Overlooked Safe Haven? Posted: 07 Mar 2011 04:09 AM PST Michael Johnston submits: In times of turmoil investors tend to run for the exits of equities and other risky assets. Some investors are happy simply to park assets in cash until the storm clouds clear, while others gravitate towards safe havens – asset classes that perform well when risk aversion is running high and equities fall out of favor. Gold is perhaps the best example of a safe haven, as demand for hard currency tends to spike when investors are concerned about the outlook for the global economy. The U.S. dollar has also historically maintained safe haven appeal, as investors view the greenback's stability and status as the default reserve currency as appealing in times of increased volatility. But some investors are beginning to wonder if the dollar's reputation as a safe haven is no longer reflective of current pricing relationships. As rising geopolitical tensions have sent oil skyrocketing in recent weeks, the Complete Story » |
| Monetizing Silver: Instant Prosperity Posted: 07 Mar 2011 04:00 AM PST For well over a year, we have been forced to listen to "economic experts", media talking-heads, and government "leaders" yammering on and on about "currency wars" or "trade wars" – and all because people who know nothing about economics are wailing about how the value of their money isn't falling fast enough. In this insane world, serial inflationists like "Helicopter" Ben Bernanke are deemed to be the "winners", since they are destroying their national currency the fastest. For those who are sickened by continuing to listen to their own governments lament about not destroying our wealth fast enough, let me recommend "taking a vacation" – in the real world. In the "real world", people don't want their money to be worth less and less and less (and eventually nothing), they want it to be worth more. In the real world, it is considered a tremendous advantage for one's currency to appreciate in value. Over the past several months, Hugo Salinas Price has trumpeted the growing "political movement" in Mexico to partially "re-monetize" silver – as a parallel currency to the current banker-paper (i.e. the peso). Indeed, commentator Ben Davies speculated that this factor alone would send the price of silver soaring higher, as yet another incremental source of demand (in a world where silver stockpiles are gone). While no one has been talking about fully re-monetizing silver in any particular economy, I thought it was time that someone presented this scenario (at least in hypothetical terms) – as a means of countering the wave of nonsensical propaganda that devaluing one's currency was "the path to prosperity". Since hypothetical examples are always most illustrative when we plug-in extreme parameters, let's assume that Mexico had already re-monetized silver – and had done so at $3.60/oz, a 600-year low for the price of silver. With silver now at $36/oz (and soaring rapidly), the citizens of Mexico would have seen their money increase in value by a factor of ten, over the past 15 years.
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| Posted: 07 Mar 2011 03:58 AM PST MarketPulse FX submits: By Dean Popplewell Technical analysts will tell you that with the EUR breaching its four-month high this morning, long term Fibonacci levels are capable of being reached (2008 high 1.4315). For that to occur, the market has much fat to chew. The currency is supported by a hawkish ECB that views higher commodity prices as inflationary. Year-to-date, the EUR has rallied +9% against the dollar and the Fed's deflationary oil stance. Now that Moody's has entered the fray, the focus shifts back to the Euro-periphery funding requirements. EUR shorts have being squeezed out many times this month, but the bears should feel comfortable with the Moody's multi-notch cut weeks before EU leaders are set to decide on new bailout measures, especially with the German resistance to the proposals. The US$ is weaker in the O/N trading session. Currently, it is lower against 11 of the 16 actively traded currencies in Complete Story » |
| France 2012: the National Front overtakes the UMP Posted: 07 Mar 2011 03:22 AM PST - Excerpt GEAB N°49 (November 16, 2010) -  This analysis was released on November 16th, i.e. 6 months before the current poll results In the case of France, 2010 brought increasing public awareness of a triple failure in both the UMP's strategy and its leader, Nicolas Sarkozy, resulting in the lowest approval ratings for a president since the founding of the Fifth Republic in 1958 (1). These ratings herald the electoral shock in 2012: . failure to keep the main electoral promises regarding growth, employment and wages (summed up in the famous election slogan: "Work more to earn more"). In fact, the global crisis dashed any hopes of reducing unemployment (which rose instead), and the austerity measures are weighing heavily on the middle and underprivileged classes. . a government style that continually offends a large majority of the French, whilst also proving inefficient from an operational standpoint. Three examples suffice: - On foreign policy: France's return to NATO, its increasing military engagement in Afghanistan, and, on the diplomatic front, its almost total alignment with Washington. Those decisions were taken without ever having been mentioned in the election campaign (regarding Afghanistan Mr Sarkozy had announced quite the opposite) and without being put to the vote afterwards. Consequently, they shocked the public, particularly a large portion of the traditional UMP electorate with its Gaullist attachment to national independence. Indeed, that same electorate is enabling the candidature of dissident Gaullist Dominique de Villepin (2), prime minister under President Jacques Chirac and defender of France's refusal to support the American-British invasion of Iraq. In a recent poll of conservative voters he equalled the president's score of 15% as their preferred candidate in the 2012 elections (3). - On political, fiscal and social policy: the handling of the pension reform, with no real negotiation, and of the "tax shield" (4) (both of which are opposed by large majorities of all groups, including the right wing) (5) added to the general impression of failure to deliver on socio-economic problems, resistance to any form of dialogue, and systematic favouring of the rich. The Bettencourt case (concerning the heir to the L'Oréal empire, the richest person in France), whose disclosures raised questions about the country's leaders and created legal chaos, had a strong impact on public opinion, particularly amongst the many blue-collar workers who had transferred their allegiance from the National Front to the UMP at the 2007 elections. The split between "them and us", with the "rich and powerful" on one side and "the people" on the other, is now working against the UMP, whereas it had been the undoing of the Socialist Party in 2007 (the term "gauche caviar" was coined for Parisian socialists who had broken their ties with "the people"). - On the great republican principles: the government's policies on education and treatment of minorities and immigrants are fostering an increasing sense of exclusion. While different groups react to different policies, two trends emerge systematically: a feeling that the government has betrayed many of the Republic's core values (6), that solid base of shared values underpinning modern France for almost two centuries, a legacy not only of the Enlightenment but also of the Christian tradition. This last point was demonstrated by the Catholic community's vociferous protests against the treatment of the Roms. In short, on this question of principle, the UMP increasingly resembles – including in the eyes of a traditional, more centrist portion of its electorate – a political movement that has abandoned the country's values. Indeed, the Nouveau Centre (New Centre) (7), an offshoot of the UMP, intends to present its own candidate, Hervé Morin, the current defence minister, at the first round of the 2012 presidential elections. That should knock a few more percentage points off the UMP's share of the vote in the first round. . a presidential style destined not to survive the crisis: the 2012 elections will see the UMP paying the price of the "beautiful people" image that Mr Sarkozy has tried to project in office. We shall never know whether, in a crisis-free world, that bling-bling style, a mixture of modern glitter and time-honoured splendour, might have managed to seduce the French. But the global meltdown and the ensuing economic and social strife put paid to any such attempts. Furthermore, the problem dogging the UMP is that the French president seems unable to rid himself off that image in the public's mind. And with the socio-economic crisis set to worsen in the run-up to 2012, that image is totally counter-productive as a political message.  In summary, our team notes that if, as seems highly probable, Nicolas Sarkozy (8) runs for a second presidential term in 2012, there is every likelihood that the UMP will suffer a record defeat in the first round – abandoned by the centre-right (9) and the Gaullists and also by the working-class voters garnered from the National Front in 2007(10). And according to LEAP/E2020 the National Front will be the chief beneficiary of that collapse for three main reasons: . most of the working-class voters who put Mr Sarkozy in power had come from the National Front, which had scored badly as a result. But disappointment with the Sarkozy regime has driven those voters back to the NF, which performed very well at the latest regional elections. This reversal explains the French government's increasingly radical stand on security and immigration, in a vain bid to win back those supporters. Indeed, UMP delegates are now preaching the virtues of an alliance with the National Front at the legislative elections in 2012 (11). The risk of a legislative rout, preceded by the loss of the presidency just weeks before, is clearly preoccupying a growing number of the ruling party's members; hence the interest in similar alliances in the Netherlands, Denmark, Italy and Austria. . the spread of these European alliances between the so-called "traditional" right and the far right reflects a fundamental trend (12) that the crisis has served to accelerate. Socioeconomic angst adds to the impact of simplistic political rhetoric with its fondness for scapegoats (e.g. minorities and immigrants), whereas the democratic credibility of the traditional right-wing parties has been severely undermined by their collusion with the powerful bankers at the root of the crisis and by their management of unpopular measures. Sadly, in the political arena, some things never change. And that will be all too clear in France in 2012. . the emergence of a new generation of National Front leaders or "Frontists", embodied by "the boss's daughter", Marine Le Pen. The promotion of a young woman increases this structure's appeal to voters by softening and modernising its image and distancing it from its founder's inflammatory past. Marine Le Pen is typical of a rising political generation in Europe, peopled by the grandsons of families with names like Wilder (Netherlands), Fini (Italy), De Wever (Belgium), Strache (Austria), Vona (Hungary), Tudor (Romania), Kjaersgaard (Denmark), not to mention the granddaughters of Pétain, Mussolini, Hitler, Franco, and others (13). ---------- Notes : (1) Source: Le Figaro, 08/11/2010 (2) The feud between Dominique de Villepin and Nicolas Sarkozy, stoked by the obscure Clearstream affair, is so vicious that the former is now clearly bent on preventing the latter from being re-elected in 2012, whatever the cost. He even declared recently "Nicolas Sarkozy is one of France's problems". Source: Le Monde, 07/11/2010 (3) Source: L'Express, 14/09/2010 (4) This grand gesture symbolised the beginning of a five-year term, but the government is now obliged to consider abolishing it. (5) Sources: Le Figaro, 15/10/2010; Le Point, 08/10/2010; France 2, 20/09/2010 (6) Note the failed attempt to appoint the president's son as head of the organisation running a key business district, La Defense; a move that deeply shocked many conservative voters, who believe that such honours must be earned. See Wikinews. (7) Which is striking an increasingly discordant note on those very values (pensions, the Roms, etc.). (8) Of course, the UMP could present another official candidate, but that would signal the implosion of the party itself, which was conceived as the electoral machine of the French president, and a fierce internal power struggle. If Prime Minister François Fillon were presented, his candidature would continue to be penalised by two of the three failures outlined above (only the "presidential style" would no longer be a handicap). But this is unlikely to prevent the party from producing a number of rival candidates, since François Fillon does not possess the electoral clout to assert his superiority. (9) Members of the centre-left, who had deserted their candidate Ségolène Royal, are already cured of any illusions about the current French president, as evidenced by the failure of the "opening to the left". This enterprise is now consigned to oblivion, as the coming cabinet reshuffle will prove. (10) Don't forget that in 2002, the National Front astonished the world at large by qualifying for the second round of France's presidential elections, displacing the Socialist Party. (11) Source: Le Figaro, 20/10/2012 (12) On this point, it is worth re-reading the anticipation published by Franck Biancheri in November 1998, entitled Europe in 2009 could end up in the hands of the post-modern great-grand sons of Hitler, Pétain, Franco and Mussolini. Several of the trends shaping the world today and fuelling the electoral shocks were already apparent twelve years ago. (13) For a complete picture of this generation of the European far right, see the excellent map published in L'Express on 11/10/2010. |
| Oil, Gold Rise and Silver Surges to Record on MENA Contagion and… Posted: 07 Mar 2011 03:09 AM PST |
| Posted: 07 Mar 2011 12:56 AM PST The big surprise was in the silver COT, where the big 4 increased their net short position by 3000 contracts on the previously mentioned reduction of 1300 contracts in the total commercial net short position. This increase in the big four's short position broke the pattern of a reduction in the concentrated short silver position that had been in force for months. The increase in the concentrated short silver position was so unexpected by me that I thought, at first, it must have been a mistake. |
| Top gold analyst: Why the U.S. government confiscated gold... Posted: 06 Mar 2011 11:41 PM PST From Mineweb: "The Fed failed to inject enough money into the system to sustain the desired minimum level of monetary aggregates. Because it failed to do this, the public run on banks resulted in a contraction in the money supply, which caused the Great Depression." Milton Friedman Bernanke, a monetarist like Friedman, believes if the Fed had provided enough money to the large banks and bought U.S. securities, these banks would never have fallen. Bernanke is, today, putting what he believes to be the fix for our current economic woes into practice... The Federal Reserve is providing liquidity and increasing the money supply. So why didn't the Feds of the time simply increase the money supply by turning on the printing presses much like Ben "Helicopter" Bernanke is doing today? Well at that time, the U.S. was on the gold standard and the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act, which required 40% gold backing of Federal Reserve Notes, paper money, issued. Back then if you had $10 in your pocket, you knew that somewhere there was $4 worth of gold backing that "promised to pay" in your wallet. But the Fed's back was up against the wall, they were running out of room to issue more notes. They had almost hit their issue limit on credit that could be backed by the gold in their possession – they needed more gold to issue more credit. Their need was made worse because... Read full article... More on gold: MASSIVE gold demand is breaking new records in China An incredible development is taking place in gold mining stocks The IRS just issued a new ruling on this popular gold investment |
| Why investors are flooding into the euro Posted: 06 Mar 2011 11:37 PM PST From Newsmax: The U.S. dollar is likely to fall in the weeks ahead as investors continue to bet that interest rates in the euro zone will rise ahead of those in the world's largest economy. U.S. February jobs data came in a touch better than expected on Friday, but disappointed investors who had hoped for an even stronger report. Investors see strong U.S. jobs growth as necessary for the Federal Reserve to end its second round of quantitative easing and instead tighten monetary policy by raising rates. The U.S. situation is in sharp contrast with that of the euro zone... Read full article... More on the dollar: The next 10 days could determine the fate of the U.S. dollar This unusual development is a terrible omen for the U.S. dollar The world's largest asset manager makes a huge contrarian call on the dollar |
| "The flight to new reserve currency is on" Posted: 06 Mar 2011 11:31 PM PST From Zero Hedge: It is one of those days when the flight to new reserve currency is on, with gold and silver trading near overnight highs, same for the oil complex, yet futures are also at the highs of the premarket session, purely on the ongoing monkeyhammering in the dollar, which has now completely given up the ghost as the reserve currency on yet another bout of QE3 concerns, following last night's very cautious note from Jan Hatzius. At last, check the DXY was at 76.135 and plunging... Here is Reuters with the skinny: "Brent crude rose to $118 a barrel and U.S. oil hit the highest since September 2008 on Monday as fighting in Libya disrupted its supplies and renewed concern of wider disruptions in the Middle East. While the Libyan crisis has cut supply from a country that normally provides almost two percent of world output, the prospect of unrest spreading to larger producers such as Saudi Arabia is... Read full article... More on commodities: If you store your gold here, it could be at risk Top analyst Rosenberg: This oil rally is a "game changer" "Golden fireworks": An explosive gold rally could start soon |
| The U.S. dollar is in immediate danger Posted: 06 Mar 2011 11:21 PM PST From Pragmatic Capitalism: The U.S. Dollar Index is in immediate danger again, so let's take a close look at charts from all three time frames, beginning with the daily bar chart. The most important feature on the chart is the bold rising trend line near the bottom. That's a long-term rising trend line we will see on the longer-term charts. Note that in November the Index bounced off that line only to retest and penetrate it just a month later. The November breakdown was a bear trap, resulting in a strong rally, which ultimately failed. The decline from the January top has resulted in a test and retest nearly identical to the previous one, and we are left to wonder if this latest breakdown will be... Read full article (with charts)... More on the dollar: A dollar collapse could be imminent You must diversify now before it's too late Pimco's El-Erian: Middle Eastern crisis is a huge warning for the U.S. dollar |
| Posted: 06 Mar 2011 10:00 PM PST Thank you, cheap money! Gold hoarding at BullionVault owes you so much... |
| Expect Civil War In Libya Rallying Gold, Silver, and Crude Oil Posted: 06 Mar 2011 08:52 PM PST
"QADDAFI SAYS ALL RESISTORS WILL BE PUNISHED WITH DEATH." This dictator, like so many others around the world is grasping at straws to hold onto power. Based upon Egypt's experience, we think Qaddafi will fall just like some others. Since he is ready to murder his own countrymen it may take more time but in the end we think he loses. He had ordered his air force to bomb demonstrators and some were killed. Other pilots flew to Malta asking for asylum choosing not to do that kind of evil. The largest event, which we have seen zero news about is Saudi Arabia. If that one goes out of control, the price of crude oil would skyrocket as they are the dominant oil producer in the Middle East. So far so good. "Qaddafi just gave a defiant 85-minute speech on LIbyan state TV. The Colonel says the people are speaking the truth, which the Western media is distorting. "The people do not want a revolution. The people of turbans and long beards want revolution… The media is insulting you." He blames the uprising on foreign agents. He says "Damn those" who are stirring up unrest. Qaddafi says he cannot step down because "I am bigger than any job. I am a revolutionary… I will remain at the top and lead Africa and South America." Link         This posting includes an audio/video/photo media file: Download Now |
| Trading Comments, 7 March 2011 (posted 09h45 CET): Posted: 06 Mar 2011 06:45 PM PST For the first time since December, the precious metal markets have become frothy. That suggests a correction is possible. But the upside breakaway gap in silver here in Europe this morning |
| Not enough metal to put dollar back on gold, Bernanke says Posted: 06 Mar 2011 05:30 PM PST
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| $80 Silver, $2,000 Gold, $140 Oil - Yamada Posted: 06 Mar 2011 04:32 PM PST King World News |
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