Saturday January 30, 2010
Yesterday was Friday and following 6 American banks were closed:
American Marine Bank, Bainbridge Island, WA
First Regional Bank, Los Angeles, CA
Community Bank & Trust, Cornelia, GA
Marshall Bank, Hallock, MN
Florida Community Bank, Immokalee, FL
First National Bank of Georgia, Carrollton, GA
Friday January 29, 2010
A
never ending story it is.
Gold and
Silver come down and plenty of reasons
are found to explain why it has become a bad investment. The
Euro comes down and all of a sudden it has a never ending problem and
the
Dollar is the savior (although it is in a
worse financial shape the EU is in).
World stock markets are coming down and 'they' already anticipate the
next dramatic down wave... Buy when cheap and sell when the Herd drives
prices through the roof! The violins of Buffet,
Soros and Prechter can't change this. Luckily we have our charts
which are keeping us on track.
[Soros is probably BUYING Gold right now]
Spain, including Greece, Italy
and Ireland, are facing massive debt burdens but their membership
in the euro zone prevents them from devaluing their currencies in an
attempt to export their way out of their problems. "Down the line, not
this year or two years from now, we could have a breakup of the monetary
union," [Tainter
and Will the EU survive? - or complex societies NEVER survive
expensive energy and this will lead to the breakup of the euro zone and
the secession of the USA]
Both the
Euro and the
Dollar are Fiat paper currencies and
not even worth the ink and the paper.
When these collapse, a lot of people are going to suffer a big wealth
haircut. Bernie Madoff swindled thousands of people out of billions. The
euro and the dollar will swindle millions of people out of trillions.
The Iceland Krona and the British pound already have done this
partially.
History rhythms and over the past 2000 years ALL
efforts to unite Europe failed. There are absolutely no reasons why it
would succeed today on the contrary. Small is beautiful whether it is
the Middle class of a Society or a country.
-
In Switzerland a banker gets jail time if he divulges the names of
his customers! The
Swiss government backed away from an agreement with the U.S. to hand
over the names of U.S. clients of UBS who were suspected of tax evasion.
The development follows rulings from two Swiss courts that said
disclosing the names would be a violation of Switzerland’s secrecy laws.
-
GAP's (break away gaps) are always closed. Only
when these are successfully tested can the price resume its rise or
fall. This time is not different....click
here for more...and check the candle chart inside.
[click on the
chart to enlarge]
-
Greece pulls the trigger on interest rates...and
Bonds took a hit. The yield on 10-year Greek
bonds blasted upwards by over 40 basis points to 7.15pc in a day
of wild trading. Spreads over German Bunds reached almost four
percentage points, by far the highest since Greece joined the euro, and
close to levels that risk a self-feeding spiral. Contagion hit
Portuguese, Spanish, Irish, and Italian bonds. A foretaste of what
is to happen in the USA soon! something we forecasted to happen in
2009...but better be early than late and sorrow.
note: Prechter has been bearish for Gold the
last 10 years while I started to be bullish in 2001 and present price
level offers a GREAT buy opportunity.
Thursday January 28, 2010
-
Yesterday
was the day of the State of the Union and Super Obama.
It was the day of MOPE
[management-marketing of economic perspective],
STATIC and impossible promises. It was the day by excellence to blame
'Others' for problems politicians created in the first place. A day to
explain why the too big to fail banks (which lost your money in the 1st
place) were bailed out with "the people's [your-tax] money". A day to
focus on "all changes" which we haven't seen...Super Obama has a
gift to sound terrific while he is explaining he will steal the money
out of your pockets and those of you children and grand children.
-
Or this is how good they are at leading you by the nose:
yet a new scandal over the scientific accuracy on the UN
IPCC 2007 climate report has emerged. Following the major
data-manipulation scandals from the UN-tied research center at Britain's
Eat Anglia university late 2009, the picture emerges of one of the
biggest scientific fraud of recent history.
-
If World Stock markets only go through a correction,
the coming weeks will be great to reorganize your
investment Horses.
-
Gold is encountering strong support
and the long term uptrend remains firmly in place. Each dip attracts
buying from those who have been waiting for some pull back in price.
-
The
Dollar continues its run and so does the
Euro. The odds are growing objectives will be
reached. Technically we have an ABC correction and a breakout of a
bullish flag. This run does not have to affect Gold but it could
make it to test the neckline. [the most
important charts were updated: Dollar, euro and Gold]
Wednesday January 27, 2010
-
Banks all over the world are keeping a lot of foreclosed real estate
away from the markets. Months ago we already had
positive information that this was happening in Spain and the USA.
Foreclosure filings – default notices, scheduled foreclosure auctions,
and bank repossessions in the US – hit 2.8 million properties in 2009,
a 21% rise from 2008 and an astounding 120% increase from 2007. And
the estimated 1,000,000+ backlog of delinquent loans looming over the
market ensures that the housing crisis is far from over. According
to the New York times between 3 and 3.5 million homes are expected
to enter some phase of foreclosure this year.
-
People have "never" been served properly by the Too Big to Fail
Banks. We don't have to live by these abusers...and
people who know start to move their money...click
here for more... We have always preferred small banks which
deliver a far better service. Before doing so however it is important to
check the bank thoroughly: you don't want to move your money to a bank
which risks to be closed down.
-
Gold is the only asset that has
consistently appreciated in value for each of the last nine years.
-
World Stock markets are hesitating.
Stay with us if you want to know whether we will have a
second B down wave or a correction and test of the Breakout/Trend
reversal level and a resumption of the Zimbabwe scenario, In all
cases, the disadvantaged sectors are taking the down beat and advantaged
sectors are offering a low risk step in opportunity.
-
Important news for
Natural Gas and
Coal ETF investors.
Natural Gas and Coal could be in for a surprise. The charts are very
consistent and leave little room for doubt...click
here for more...
-
Copper is often a precursor
of what is to happen to the price of Gold and Silver...check
it out here...
-
Oil and
Oil shares have been out of fashion
and yet...click
here for more... We like Baker Hughes a LOT!
Tuesday January 26, 2010 - Which ever way you
slice it, this week will be an interesting one!
-
It
becomes increasingly difficult to forecast short term markets
as we don't even know when the perverse and sick MOPE
(Management Of Economic Perspective -Jim Sinclair)
cooked by the Authorities is sent into the world by the
brainless Talking Heads....and the Herd keeps believing whatever is sold
on TV is True. This is why one more than ever needs the help of an
experienced professional...unless off course you want to keep loosing
your savings....
-
Joke of the day: The FDIC is going to offer
OTC derivatives to save the banking system that has been brought to
its knees by OTC derivatives!? The
Federal Deposit Insurance Corporation (FDIC) in the US is considering
packaging assets from failed banks into securities,...click
here for more...
-
House sales in the USA were down by almost 17%.
Clearly the pain for the
Real Estate sector
is not over yet.
-
Check our updated charts for
Gold,
Silver,
SLV and
GLD. The major trend remains UP.
-
Check our updated charts for the
Dollar and the
British Pound. The major trend
remains DOWN.
-
The
South African rand hasn't decided whether it will travel north or
south. Worst case scenario the HS formation could
become a Bearish Wedge!...
-
Gold expressed in
Yen, behaves in a similar way like Gold expressed in Rand and other
fiat currencies like the
Swiss Franc. and the
Aussie If the price were to break down below a
level dictated by the PF charts, it would reverse the Medium term trend
of Gold. Not very likely at this time with the fundamentals we have for
Gold Interesting is to see
the ballet of the exchange rate of Fiat currencies orchestrated by the
price of Gold.
-
The
Canadian Dollar deserves your special attention!...subscribers
click here
-
Charts of
World stock market indexes have been updated
and a color code has been added. Wedges have a lot
of power and can be very mean!
-
State of the Union or ever heard of Globalism and Big society!?
Obama addresses the Middle Class...but best case scenario
it will earn him only votes as the Middle Class has been slaughtered
during the past years and months and it doesn't look like he is about to
stop the Middle Class inquisition. Obama and the Democrats want
credit for trying!? Honestly I don't see what he tried to do...he and
they only made it worse....A lot of talk but no action and MOPE!
-
Sam's club [the American Makro] is firing
11,000 people...or we can not expect a recovery as long as unemployment
keeps rising. Such is simply impossible.
Monday January 25, 2010 - we started to update
charts and want to keep you informed this coming week is important as it
may dictate whether trends "could" change direction or not! Stay tuned.
-
Obama
pushes the panic button. Now that the Health
care bill will be extremely hard if possible at all to push
through as planned the Democrats become desperate to score before the
upcoming elections for Congress if they don't want to loose more seats
to the Republicans (which will happen anyway) ...he is switching to plan
B. He will attempt to
reform the US banks by bringing back the rules which were voted
in place after the Bank debacle of the 1930's. If this can be done it
will have a severe impact on the Stock Markets...Such would result
in a Stock Market Crash both the Banksters and Authorities don't want to
see in the first place.
-
Absolute surprise # 1 for the Democrats: Pulling
off a feat that only a few weeks ago seemed all but impossible, a
little-known Massachusetts Republican state senator has upended the
state's entrenched Democratic party machine, claiming the U.S. Senate
seat held by Ted Kennedy for 47 years and putting President Barak
Obama's health care initiative in jeopardy.
-
Absolute surprise # 2 for the Democrats: Supreme
Court Removes Limits on Corporate, Labor Donations to Campaigns. In a
stunning reversal of the nation's federal campaign finance laws, the
Supreme Court ruled 5-4 Thursday that free-speech rights permit groups
like corporations and labor unions to directly spend on political
campaigns, prompting the White House to pledge "forceful" action to
undercut the decision. This has far going (untold) consequences
and it is clear it ruins a lot of plans of Barak Obama and the
Democrats.
-
Absolute surprise # 3 for the financial
markets: A return to influence for the towering
elder statesman Paul Volcker. He was the man who in the 1980's
changed the financial landscape under Reagan. This indicates the
position of Goldman Sachs, Geithner and Bernanke is coming under
pressure. Important is to understand that this time it has
become impossible to bring down the money supply (and see sky-high
interest rates) without completely wrecking what is left of the economy.
Also Volcker understands the systemic disaster we are in, and will do
nothing to pull the plug on the mountain of
OTC derivatives.
[OTC=over the counter, not regulated=dangerous] and CDS
[Credit Default Swaps}
-
The
Dollar rally will be temporary as it
has neither fundamental nor technical legs.
Whatever is said, in Europe there are at this
time only 3 to 4 states (Greece, Italy, Spain and
the UK/Ireland) running into problems but in the USA
we have 40 states on the brink of bankruptcy and the US
government will have no choice but to bail out these states. Illinois
has now joined California as it enters a state of insolvency...click
here for more. If you still are inclined to buy Dollars, check
out our
DOLLAR FUNDAMENTALS
before you do.
-
World Stock markets are breaking down the technical formation we
spotlighted last weeks and the Banks are (as we
expected) the leaders. Banks continue to be closed down and each time
again one can see their real worth is a lot less than the pretended
fantasy value. Most banks are technically bankrupt and they only survive
because of the Authorities and the tax payer's money. The basic
problem that still exists is the fraudulent OTC derivatives produced
since 1991 that are yet to be addressed.
-
The World is in a severe economic mess and the People start to
revolt. Disbelievers must check the forums of the
Newspapers and Magazines. Not hard to see the point of no return has
been passed as Politicians are correctly called liars and cheaters.
-
Authorities and Bankers are trying to hide the truth
but as the recession is growing into a depression this becomes
increasingly difficult and investors more and more turn to Real Money
(instead of worthless fiat money) to store their savings. Because of
paper gold, market games can be played. What cannot be done is for paper
gold to produce bullion. Hence it is utmost important to take PHYSICAL
DELIVERY of Gold bars and/or coins. Under NO CONDITION accept to
buy/keep Gold and/or Silver on the books of Banks and/or gold traders.
Keeping paper Gold and Silver doesn't provide you with any security as
we have FRACTIONAL GOLD and SILVER and the odds are the Gold or Silver
you so said own probably doesn't exists.
Saturday January 23, 2010
Yesterday was Friday and another 6 banks were closed down in the USA.
Columbia River Bank,
The Dalles, OR
Evergreen Bank, Seattle, WA
Charter Bank, Santa Fe, NM
Bank of Leeton, Leeton, MO
Premier American Bank, Miami, FL ....and the
FDIC is running on empty!
This means more Quantitative Easing and Authorities which will do all
within their power to keep interest rates low.
Friday, January 22, 2010 - During Bull markets
corrections are always Swift and Violent: only fundamentals and charts
keep you safe!
-
Sales
period for
Gold and
Silver [give it at most
another 2 to 3 weeks] is lasting longer than expected.
But markets could be doing exactly what we thought they
would do end of 2009: testing necklines [gold] and run for the
bullish/bearish wedge objective [$-€]. (see charts inside). Short term
predictions are extremely difficult to make and we foresee it will get
worse over the foreseeable future. Investors should use the
opportunity to continue searching for great buying opportunities in the
Junior mining sector. Shopping time: a lot of low risk
step in levels have been reached on our list of
Gold and Silver shares.
After looking at the 18 PF
charts, one exactly knows which direction Gold is heading for!
-
The 2nd leg of the correction for
Gold and
Silver and
Gold and Silver mines was
swift and violent.
Hard to call: the down leg
took exactly TWO DAYS! The HUI Point and Figure and
Candle chart are rather straight foreward...click
here for more... We have updated all PF charts!
-
World Stock markets are [as predicted]
loosing steam [updated charts] and important is that
at least the 2009 breakout levels will be tested. However the
possibility does exist that this correction becomes a 2nd DOWN LEG...but
it is too early to call it. The PF chart on the French CAC index
and SP500 clearly shows the potential scenario's and the
formations on the charts of the Nikkei and German DAX are IMPORTANT!
The PF charts are very CLEAR ...you have to be blind not to see it.
-
Crude Oil is currently trading between
key support and resistance levels.
Thursday
January 21, 2010 -
-
More
volatility and uncertainty created yesterday as China took moves to
limit lending in an attempt to slow down the economy
- markets at critical levels but the fat lady did not sing yet!
-
A picture or chart says more
than a 1000 words.
We have updated all charts in
the
Dollar,
Euro ,
Bonds,
Gold and
Silver
sections! As volatility
increases (and it will get worse) it becomes increasingly important to
have clear maps/charts of REALITY, stay calm and be patient.
-
Senate seat loss in Massachusetts sends Democrats into panic mode.
The election was called to replace Kennedy who killed
himself trying to fly VFR (visual Flight Conditions) into IFR
(Instrument Flight Rules) reality. Democrats have lost absolute majority
in Congress and it is almost certain that they will loose a lot more
seats during the elections end of this year. The People are sick
and tired of being lied to!
-
Bank of America sees $ 194 million loss. When
large banks do well, they are owned by the employees and share holders,
when they falter, they are owned by government and the people have to
stand for the losses.
-
The
Euro is breaking downwards from the short term range (flag
formation) and a sustained move back above (see
chart) is required to question scope for some additional weakness. It is
however still to early to call for a short/medium term trend change and
a potential new test of the MOTHER of ALL NECKLINES...click
here
-
It is extremely difficult to call the next move for the
Dollar. Nothing is final yet and worst case
scenario we could see the test of the level where the WEDGE originated
from....click
here
-
Logically for
Gold if a short term trend change occurs for the Dollar it is
possible the Neckline of the Reversed Head and
shoulder formation is tested after all. Having said this,
manipulation there is - but it is only possible to manipulate so much
and some it will stop working...click
here
Wednesday January 20, 2010
-
Chinese
propaganda, Media control and so said Democracy...or are we not seeing
this elsewhere in a more sophisticated way!? The
Government fears that too many citizens might be making a link between
the plight of Avatar’s Na’vi people as they are thrown off
their land and the numerous, often brutal, evictions endured closer to
home by residents who get in the way of property developers.
-
Markets are kind of lazy as all Media attention is focused on events
in Haiti.
-
Very interesting chart of the
Euro/dollar and €-gold. Check the critical
support and resistance levels and objectives...Those who still have
doubts about the future of the Dollar....click
here
-
You have to be blind NOT to see it:
$-Gold and $-Silver are consolidating gains. Our
candle charts (daily & weekly) for $-Gold shows very important technical
formations with short term objectives...click
here
-
Interest rates also start to rise in China.
It will only be weeks before we'll see the same
pattern unfolding in the West. If you are in BUY and HOLD stocks
and bonds you have LOST ¾ of your net worth since 2000, measured in
purchasing power.
-
Citigroup Reports a $1.6 Billion Loss in 2009...or
you know what we think of
Banks and Financials.
-
Platinum and Palladium broke through the top of their uptrend channel
and are in the process of building an accelerated up
channel...click
here for more
-
We have added the
Reit-index to the Real Estate section. For those
hoping we have seen the bottom...click
here
Tuesday January 19, 2010
-
This is as good a Silver pf chart can be. A
clearly defined trend channel.
Click on the thumbnail for the details.
-
Further decrease of Real Estate prices inevitable.
Global Real income will continue to fall because of REAL Inflation
(forget the boogie figures the Authorities and the talking heads are
feeding), because of increasing taxation (ever seen somebody put a house
in his pocket?) and because of rising interest rates (timing is hard,
but negative real interest rates have no alternate...but to go up).
We don't expect a bottom before 2033!
Monday January 18, 2010
Today is Martin Luther King day and American
financial markets will be closed!
These are the results for 2009: we started the
year with 162 onz of Gold and ended with 173,66
date |
onz. |
gold price $ |
Fiat $ value |
gold price € |
Fiat € value |
y/y RM |
y/y $ |
y/y € |
jan-30 |
162,00 |
927 |
$ 150.174 |
722 |
€ 116.964 |
5,21% |
15% |
26% |
feb-20 |
159,35 |
1000 |
$ 159.350 |
775 |
€ 123.496 |
3,49% |
22% |
33% |
apr-03 |
164,42 |
895 |
$ 147.156 |
665 |
€ 109.339 |
6,78% |
12% |
18% |
may 7 |
169,90 |
915 |
$ 155.459 |
670 |
€ 113.833 |
10,34% |
19% |
23% |
aug-14 |
171,18 |
950 |
$ 162.621 |
670 |
€ 114.691 |
11,17% |
24% |
24% |
sep-15 |
175,90 |
1020 |
$ 179.418 |
700 |
€ 123.130 |
14,24% |
37% |
33% |
oct-15 |
173,95 |
1060 |
$ 184.387 |
710 |
€ 123.505 |
12,97% |
41% |
33% |
dec-01 |
167,04 |
1200 |
$ 200.448 |
795 |
€ 132.797 |
8,48% |
53% |
43% |
jan-11 |
173,66 |
1125 |
$ 195.368 |
800 |
€ 138.928 |
12,78% |
49% |
50% |
Note: Expressed in Fiat paper
money we made 50%. Expressed in real money or gold, 12,78%. We traded
very little....or these are the results of a lazy but well informed
professional investor!
These are the results made on special situations:
we advised to cash in profits!
|
|
IN |
Today |
Profit/Loss |
% year/year |
100 |
CSIQ solar |
$ 5,00 |
march 2009 |
$ 30,00 |
jan-10 |
$ 2.500,00 |
1.200,00 |
% |
100 |
JASO |
$ 2,00 |
march 2009 |
$ 6,00 |
jan-10 |
$ 400,00 |
480,00 |
% |
100 |
Deere |
$ 28,29 |
march 2009 |
$ 57,00 |
jan-10 |
$ 2.871,00 |
243,56 |
% |
100 |
Potash |
$ 47,54 |
march 2009 |
$ 117,00 |
jan-10 |
$ 6.946,00 |
350,66 |
% |
100 |
Deere |
$ 17,50 |
march 2009 |
$ 57,00 |
jan-10 |
$ 3.950,00 |
541,71 |
% |
The result of our Forex investments can be seen in the
Portfolio section...40% to 101%!
Note: these could be your
figures....on condition you make your home work, READ and STUDY the
content of this site and
SUBSCRIBE.
Saturday January 16, 2010
-
Don't count on the
IMF. They show over and over again they
don't have a clue of how to solve the crisis and their strictures and
guidelines has always resulted in permanent crippling of nations, which
too many examples to fill a page (the 1st president of the IMF was the
Belgian Camille Gutt). The second bang started with Dubai
and is signaling the beginning of sovereign debt defaults, several of
them in Europe. Months ago we published the
EU won't be able to survive the
depression and
the expensive energy (Oil is back at $ 80 and climbing). After
the fireworks in Greece the odds are the Spain will
default. Hungary, Poland, and Czech Republic all
tried to unsuccessfully to attempt reconstruction using cheap Swiss
credit. subsequently their currencies fell by 40% to 60% making it a
drama both for these countries and the Swiss bankers. Italy, Portugal
and Ireland are together with the UK additional prime victims to close
the process of sovereign debt.
-
France and Belgium officially admits Real Estate Prices slipped by
10% in 2009. The Real estate crisis is GLOBAL and NO
country will escape the Bear Trend which will end in 2,033!
Friday January 15, 2010
-
Following statement has serious implications. The
danger exists "they" fail to keep pushing the Stock Markets in the "only
one direction" they like. Is so, what we have seen between November
2008/March2009 and January 2010 could be a "Halfway stop"
-
This chart (click on it to enlarge) can be
extremely relevant for what is to happen in the near
future with a particular sector and to the savings you may have invested
in it...click
here for the answer.
-
Charts for American
Financials are extremely interesting.
Financials will lead the market down and they will
tell us when the fresh down leg will markets will start to come down.
-
Charts for
World Stock Markets have been
updated...interesting patterns...click
here to see them..
-
We're absolutely NOT planning to make a traditional Prevision for
2010. Such action is nothing more than poor marketing
for those which don't understand we're making previsions each other day
and that TIMING is the hardest part of it.
-
Remember the equities we acquired under crisis investing!?
We do and it is time to cash in on certain positions...click
here to check our shares under Crisis Investing III
Thursday January 14, 2010 - Einstein said
there are two things infinite. One is the universe and the other is man's
stupidity. He did however say he was not so convinced about the universe.
-
Inflation produces forces
that lead the public to favor or discard alternative
media of exchange. Hyperinflation and Inflation become either subject
to Gresham's Law (i.e. currency substitution under fixed exchange
rates) or they become subject to Thier's Law (i.e. currency
substitution under a floating exchange rate system: Zimbabwe).
-
A stable currency is the most conductive to providing good economic
performance. Today we have exactly the opposite with
extremely volatile and short term unpredictable fiat paper currencies.
Yesterday [Tuesday, 6 November 1923] we experienced our wildest day
concerning money. On Monday morning I had received about 870
billion as part of my salary, received yesterday the same amount and
the notice that I would get double the sum today. I had given the
order to sell 3 pre-emptive rights for stocks in Mittelsprit...I
received of this 4 billion 3.4 after the fees and a percentage for
speedy payment had been deducted.
Somewhat more than 4 billion had thus to be spent at once. The
dollar had been kept artificially at 420 million, abroad the German
Mark stood two to three times lower. At noon a new rate is quoted,
to which all shops adapt immediately. I went home, dragged Eva with
me, and we hurrieLogind
through the shops, searching for goods and comparing prices.
....And
always one stands in line...for several hours at the cashier's
office [to get part of the salary]. When the money has finally
arrived, it has to be spent breathlessly before finally the next
Gold mark rate is quoted. (Victor Klemperer, Professor of Romance
languages at Dresden University)...click
here |
-
China planning to buy the remaining IMF gold at current market price.
Bullion experts recommend that China should go in for
the IMF gold buy in this new year, as otherwise its ambitious task to
mop up 10,000 tonnes of gold reserves in the next 10 years may be
difficult to achieve.
-
Gold is the standard around which all other price revolve. The price
of Gold does not change. gold is the eternal,
immutable standard. If the Dollar or Euro price of Gold rises (as now),
the Euro and the Dollar are in effect, being devaluated.
-
Public pensions are the Achilles heel of all fiat Paper systems.
They are even more endangered by the actual 'artificially' low level of
interest rates. For this reason alone it is in the "national interest"
to make sure the stock markets go in the "right direction".
-
Our charts confirm the Dollar rally has
no legs and it will resume its slide soon...click
here for more
-
The
German DAX index actually gave a SELL
signal....click
here for more and other indexes
-
The
BANK index (Financial shares) is
bouncing off its Secular downtrend line...
No doubt they will be the leaders (and loosers) in the
coming weeks.
Wednesday January 13, 2010 -
Gold and Silver Juniors are updated!
-
The
Dollar is down, 'one' Chinese pretends the Dollar has hit a bottom and
the Dollar shoots up....!? It doesn't make sense and
short term previsions and fluctuations increasingly resemble to
Chinese Financial Roulette. Growing
volatility and extremely difficult markets to understand both for the
professional and also for the Private investor. Gold , Silver, Crude Oil
and many commodities reacted in a similar emotional way but one bird
doesn't make Spring. Chinese birds however can be lethal if their
name is Junming.
-
Earnings season is starting: and there is little
doubt poor figures will influence World Stock markets over the next
couple of weeks...more
under World Stock markets.
-
Jobs are lost and unemployment is rising on both sides of the
Atlantic. It is impossible to have a recovery and
even a stabilization as long as these figures keep worsening.
Jim's Formula is pure basic logic!
The biggest danger is Japan where a global fiasco is brewing.
[Ambrose Evans-Pritchard]
The IMF says Japan’s gross
public debt will reach 227pc of GDP this year. This is compounding
at ever faster speeds towards 250pc by mid-decade.
The only reason why this has
not yet blown up is because investors (mostly Japanese) have not
yet had the leap in imagination required to understand their
predicament, and act on it. That roughly is the argument of Dylan
Grice from Societe Generale in his latest Popular Delusions note
released today. “A global fiasco is brewing in Japan.”
Japan’s deficits are already within the hyperinflation “red flag”
zone identified by historian
Peter Bernholz ...click
here for more...(A MUST for every one!)
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Citibank top financial analysts have a $ 2,100 to $ 6,000 target for
Gold. A lot higher than our conservative objective
but certainly possible if one takes into account the Fractional Gold and
huge manipulation which sooner or later will stop to have an impact on
the Gold price.
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Natural Gas did well but Coal performed extremely well
[as we predicted] over the last couple of weeks....click
here for the chart
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Upon checking the
CRB index, Copper and Platinum charts
which all performed extremely bullish it is not so
hard to understand there is still a lot of manipulation in the Gold
market and the Gold price is lagging!
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Putin says we have to prepare for Global Cooling...click
here for more...
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Last but not least, you won't believe it but Talking Heads today say
Crude Oil was down 2% because
minimum reserve requirements of Chinese banks were raised
and the Winter is less cold in Northeast America. Something must be
wrong with these guys! Contrary to what these people advocate out
selection of
Oil Shares
are doing extremely well. Maybe they
must consider a subscription to Goldonomic!?
Tuesday January 12, 2010
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California
to legalize Marijuana and to make $50 per ounce. All
of a sudden the Authorities see a way in getting their part of the pie
and are about to classify Weed as alcohol. The irony is complete if you
know thousands are sitting time for drug related facts!?..click
here for more...
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Authorities in Greece caught falsifying data and
Politicians in Spain caught in a fraud affair.
Trusting politicians or what they are making public though the Media
equals financial suicide...click
here fore more...
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We thank the success of our analysis to the fact
that we don't (like most analysts do) limit our analyze and charts to
one currency (ex. the Dollar or alternatively the Euro, the
Aussie, the
Swiss, the
South African Rand, the
Yen, the
Canadian Dollar, the
British Pound).
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Often we need the sum of the Point & Figures charts together with
some
Fundamentals to correctly analyze the markets.
This is why is is very important to check the charts of
Gold expressed in
different Fiat currencies [British pound, South African Rand, Aussie,
CanDollar, Rupee, Yen, Swiss] together with the charts of the
US Dollar and the
Euro. $-Gold
can for example not break down if it sits in a solid uptrend expressed
in Euro, Swiss or Aussie.
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Gold and
Silver and their ETF's have entered a
fresh Bull run. Subscribers were advised and could
actually see the reversal happening on the charts in the Gold and Silver
sections!
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Add a fraction and we have a ALL TIME new high for Gold expressed in
Yen...$-Gold is still battling against the
manipulation with derivatives and any other possible instrument but some
day their action will fail...there is no doubt about this!
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Crude oil is going up as chart and
fundamentals indicated it would weeks ago and
Oil shares are doing
exactly what we forecasted.
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For the last couple of days, Gold is rising in the land of the rising
Sun (the East) and the West (US) tries to bring the price down again.
We have a mirror image for the Dollar. Looks like our
New Years cartoon is coming alive [krash] after all!
Interesting...Chinese are buying more than Automobiles, they are also
buying Barbaric Gold. Westerners don't seem to understand what is
happening and keep using worthless Monopoly money.
Monday January, 11, 2010
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Zimbabwe
here we come: Chavez [president of Venezuela]
is doing EXACTLY what Mugabe has been doing in Zimbabwe.
Down goes the Fiat Paper currency and locked are the prices (at least
this is what the politician thinks). Venezuela used to be a rich and
promising country. Today it is destroyed by the stupidity of one man and
a government the people of Venezuela 'VOTED' into power. Chavez "orders"
currency devaluation by 50% and will seize businesses that raise prices.
One doesn't have to be an Einstein to realize the shelves will be empty
in no time.
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Welcome to the club or global madness!?. In
Argentina President Cristina Kirchner is
also leading the country into the Abyss...
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Better be Safe than Sorrow.
World Stock markets
have built technical formation(s) spelling danger. We think time has
come to reorganize your portfolio and switch to SAFETY.
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The
Dollar has been sliding down this past
night (the cold came from the East). We still need to
see how the Exchange Stabilization Fund and the ECB will react, but even
if they do there is only so much they can do. Also here it is wiser to
switch to less dangerous Fiat Paper currencies (see Investment Roster)
and to Real Money or
Gold and
Silver.
Saturday January 9, 2010 - This spells REAL
TROUBLE dead ahead!
"The State is a great fiction by which everyone tries to live at the
expense of everyone else." Frederic Bastiat.
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There is more bad news for Real Estate and those in denial will
suffer more. Concern over housing deepened Wednesday
with the release of new data showing long term interest rates are rising
rapidly from their historic lows, while mortgage applications to
purchase houses are falling. Applications are now at their lowest level
in 12 years. Apartment vacancies rose to an -30 year high and
rents saw the biggest drop ever. Real Estate prices in Southern
Spain dropped by 50% in 2009. Contrary to what is admitted, real estate
prices AND rents in France and Belgium have also been very weak [thks
JD!]...and it ain't over until the fat lady sings!
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A dangerous debt cocktail ready to explode.
Britain's debt has become riskier than Italy's.
Who would only 12 months age have believed this!? As
usual the herd keeps believing the Authorities and their talking heads
like explained by the Turkey pattern. The 1,001st day they are amazed to
see they are being slaughtered....but at that time it is too late to
protect themselves. Don't forget the disastrous situation of
Greece, Spain, Ireland and Iceland.
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California declares a fiscal emergency and 40
American states on the brink of bankruptcy.
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Real US unemployment rate is +17%. Unemployment
rates in the EU (if you filter out the unproductive and costly
Government employment) are even worse.
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In the capitalistic [?] West bonuses are given to people who destroy
the economy and those that seek to build are deported
to Siberia for telling the truth. In the Communist East production
is rewarded and non production punished.
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Gold is rising by an average of 18% per year! We
have a super Bull for Gold
and don't even think Gold, silver and Gold and Silver
equities will crash together with the Stock Markets. Those
who are still in denial must check our track record!
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NOW is the time to get OUT of stocks and into safer investment
vehicles. Details will be posted "for subscribers
only" later this month.
Friday January 8, 2010 -
The weather and time offer a perfect opportunity to strap Al Gore and
his nutty global warming buddies to a giant icicle.
There is
20-yr record snow in England, a 29-yr record snow in France and the
airports are shut or slowed; the railroads are impassible and the roads
dangerous because they have run out of grit and salt. There is 40-year
record snow in Beijing, where Tiananmen Square is blanketed with the
stuff. Also record snow is
Seoul.
Most of northern Europe is shivering...[2000 years ago, Roman Soldiers
were dressed with short skirts when the conquered Northern Europe!?]
Where are all the Global Warming, demand Destruction of Oil, Natural
gas and Deflationists gone?
They crawl out of their hiding places as soon as there is a
correction and vanish during bull runs. Is the Herd really that stupid
that they each time buy these lies? Is this the Change and new World Order
the Politicians are talking about? Even France, the very country of the
French Revolution and Egalité, Fraternité, Liberté is going with the
flow...Many call Sarkozy the new Napoleon.!?
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Which Fiat money is worth more that any other Fiat money?
The exercise has become extremely difficult as they
are all inter tangled and manipulated. Best case scenario the
Dollar index can correct to 80,50 or the
Euro can correct to 1,39 .
The configuration of the charts
are so that either the correlation between Gold and the Dollar has to
end, either the Bull run of the Dollar will have very short legs. The
next days will provide us with the answer.
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Nice technical pattern and move of Gold expressed in
British pound.
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Gold in Swiss franc leaves absolutely nothing to the imagination!
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The Australian Dollar has reached our objective against the euro
but we still see no reason to liquidate the position.
This has been an absolute spotless investment in a commodity currency
offering a better yield than the manipulated Dollar and Euro.
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If a dollar it has to be than apart from the Australian Dollar, we
also like the
Canadian Dollar, once again the strategy exposed on our
investment roster is correct. Investment can be
easy, straight foreward and doesn't need a lot of transactions or
reading. One just needs to
have the correct investment instruments at the right time and ride the
wave. $ 399 or € 295 can save you a lot of time and sweat and at least
allow you to end up a year's of investment with some nice profits. Don't
try to do something yourself a lot of professionals can't do properly!
Thursday January 7, 2010 - Remember the Wise
Kings brought also Gold!
This is the chart of an extremely safe investment vehicle which will
deliver a profit of at least 30% over the next 6 months.
Wednesday January 6, 2010
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South
African Rand per 1 Euro
- The
Euro is breaking down from the yearlong range and a sustained move
back above R11 would be required to question scope for further weakness.
The Rand has been on our watch list for weeks now and what we kind of
expected is actually happening...click
here for more... If
confirmed this will the 1st big happening of 2010. Rather important as
interest rates are a lot higher in South Africa.
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Underpants, window dressing and Oil. For some
months the world has seen a steady escalation of US military involvement
in Yemen, a country overlooking another desolate land by the name of
Somalia. The evidence suggests that the US is moving to militarize a
strategic chokepoint for the world's oil flows, Bab el-Mandab, and using
the Somalia piracy incident, together with claims of a new Al Qaeda
threat arising from Yemen, to militarize one of the world's most
important oil transport routes. In addition,
undeveloped petroleum reserves in the territory between Yemen and Saudi
Arabia are reportedly among the world's largest.
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A potential scenario for 2020 according to
Ambrose Evans-Pritchard.
The shocker will be Japan, our Weimar-in-waiting. This is the
year when Tokyo finds it can no longer borrow at 1pc from a captive bond
market, and when it must foot the bill for all those fiscal packages
that seemed such a good idea at the time. Every auction of JGBs will be
a news event as the public debt punches above 225pc of GDP. Finance
Minister Hirohisa Fujii will become as familiar as a rock star. Once the
dam breaks, debt service costs will tear the budget to pieces. The Bank
of Japan will pull the emergency lever on QE. The country will flip from
deflation to incipient hyperinflation. The yen will fall out of bed,
outdoing China's Yuan in the beggar-thy-neighbour race to the bottom....click
here for more... [note we don't
completely agree with the article]
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There is no such thing as global warming and we have no demand
destruction for Oil. This winter kills both myths at
one time. SHIVERING Britain faces the
prospect of gas supply shortages and is increasingly reliant on
imported gas because North Sea supplies are running out....click
here to read more
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Yesterday we had an important technical
signal [key reversal] on the candle charts for
Gold and
Silver in most currencies!
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We have adjusted out
Investment Roster!
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The Fed and the British Treasury is buying 50% of all new Treasuries:
amazing that there are so many investors which fail
to understand the implication of this an action and keep buying
Bonds.
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The
PPT (Plunge Protection Team) has been extremely busy in 2009.
WASHINGTON -- The massive stock-market rally in the
past nine months is mostly due to secret government buying of
stock-index futures, a respected stock-market analyst said Tuesday.
Charles Biderman, chief executive of TrimTabs Investment Research, is
the latest and most credible person to charge that the Federal Reserve
and the Treasury (in league with top Wall Street firms) is rigging the
stock market on a daily basis.
Tuesday January 5, 2010 - Will we see a further
correction of the Dollar or will it resume its slide?
Goldonomic, Florida, USA -
+1 (772)-905-2491 |