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Feb 28, 2009

Gold Anti-Trust Action Committee Dispatch

Submitted by cpowell on 04:39PM ET Saturday, February 28, 2009. Section: Daily Dispatches Bank of England Poised for Rate CutBy Edmund ConwayThe Telegraph, LondonSaturday, February 28, 2009http://www.telegraph.co.uk/finance/economics/interestrates/4885652/Bank-...The Bank of England is set to bring interest rates down to an effective zero level within days and to sound the starting pistol on quantitative easing, pumping extra cash into the economy. The Government is putting the finishing touches to a letter to the Bank endorsing its proposal to embark on this radical policy. The Bank's governor, Mervyn King, will be granted approval by the Treasury within days to create up to L150 billion in new money in the coming months to buy up everything from corporate bonds to government debt. It will pave the way for the Bank's Monetary Policy Committee effectively to "start the presses" at its interest rate setting meeting this Thursday. The move is the latest stage in the Bank's efforts to prevent the economy from sliding towards deflation. The MPC is likely also to cut interest rates at its meeting to a new unprecedented low of 0.5 percent at its meeting this week, with some anticipating that it may reduce them to a nominal point just above zero. The eventual level that rates will hit depends on whether Bank experts have calculated that at these kind of levels further cuts in borrowing costs would have any extra effect. Many mortgage lenders are refusing to pass on further cuts in borrowing costs to their customers, But most significant of all will be the MPC's undertaking at the meeting this week to start buying government bonds in what many see as the "nuclear option" for monetary policy. Experts said it will use the statement accompanying the decision to indicate that it plans to push rates down towards zero in the long run. But, more significantly, the Bank will indicate in an exchange of letters with the Treasury that it intends to pump a significant amount of cash into the markets, by buying commercial paper and corporate bonds alongside gilts. The amount it is likely to spend on these purchases will probably be around L5 billion-L10 billion a month. The scheme is distinct from the existing L50 billion Asset Purchase Facility in as much as it will fund the purchases by creating money rather than raising it in the capital markets through the debt management office. Michael Saunders, chief UK economist at Citigroup said: "If done on a large enough scale," quantitative easing "is a powerful form of stimulus. "It is likely to ultimately stabilise the economy and buy time for the financial system to heal -- unless the stimulus has to be withdrawn because of signs that inflation expectations are ramping higher -- for instance a collapse in the pound, surge in survey measures of inflation expectations or sharply higher gilt yields. "Of course, if and when the recession eventually ends, the MPC will face the major challenge of judging when to scale back QE. It may be a long and uncertain road back to normal monetary policy."
* * * Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.Contact GATAinfo@gata.orgGold Anti-Trust Action Committee7 Villa Louisa RoadManchester, Connecticut06043-7541 USA




Forbes.com Alerts

Wall Street falls after Citigroup-Government deal.

To read full coverage of this story click HERE

Gold Anti-Trust Action Committee Dispatch

CENTRAL BANKS DON'T WANT THEIR LEASED GOLD BACK

To read full coverage, click HERE

Feb 25, 2009

USD/JPY, what does the chart show?

Dear Friends

A few weeks ago Adam Hewison had a video on the USD/JPY and those that watched it, and follow that pair know that our analysis was right on.

Here’s that video again in case you missed it. To watch it click HERE

Feb 24, 2009

Do you agree these are the five trending markets.?

Adam Hewison has sent us his latest video, where he analyses the five big trends in markets, as he calls the " THE FIVE BIG"



To watch it, click HERE

EURO UP AGAINST US DOLLAR

Associated Press
Euro up against dollar on US banking fearsAssociated Press, 02.24.09, 05:41 AM EST


To read full information click HERE

Feb 23, 2009

Rick Ackerman acknowledges suppression of gold price

Submitted by cpowell on 09:08PM ET Sunday, February 22, 2009. Section: Daily Dispatches 10:03p MT Sunday, February 22, 2009Dear Friend of GATA and Gold:Market analyst and trader Rick Ackerman seems to have joined those who acknowledge that central banks and their investment house agents are trying to suppress the gold price. His remarks to that effect come in a commentary just posted at GoldSeek and headlined "Gold's Assault on the Clueless," which you can find here:http://news.goldseek.com/RickAckerman/1235372460.phpCHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.

Feb 22, 2009

Associated Press

Associated Press
Gov't reportedly mulls taking larger stake in Citi

Associated Press, 02.22.09, 09:22 PM EST
For the full coverage click HERE

China real smart to keep buying Treasuries, Clinton says

GATA (GOLD ANTI -TRUST ACTION) DISPATCH .- Submitted by cpowell on 12:10PM ET Sunday, February 22, 2009. Section: Daily Dispatches Clinton Urges China to Keep Buying TreasuriesBy Indira A.R. LakshmananBloomberg NewsSunday, February 22, 2009

To read full Article click HERE

OBAMA AIMS TO HALVE DEFICIT BY 2013

REUTERS.- According last news from Reuters ,, deficit will be cut in 50% by 2013. To read full coverage click HERE

Feb 21, 2009

HOW TO USE STOPS CORRECTLY

Adam's contributions is of great importance for traders. In his video he shows us three ways to use stops to protect your capital and lock in profits from a trade.



To watch it - and please, do not miss it- make a click HERE

Feb 18, 2009

Where is the bottom in the Dow? Does it matter?

Today´s contribution of Adam Hewison, is about how to determine a trend, how can a trend become your friend ???

Today we looking at trends and how important they are in trading.
In particular, we’re going to be looking at the DOW (DJI) and how it has continued to trend since June of ‘08.
I have watched with amusement, as several “GURUs” have been trying to pick a bottom in this index. As I have stated many time before, it’s not over till it’s over and trying to pick bottoms is not a smart thing to do.
The negative trend for the DOW is intact and remains in place. In this new video, I will share with you a simple trick that will help you to avoid the temptation of trying to pick a bottom. In fact, I will show you step-by-step why the DOW is still in a negative trend.

The video is free of charge and there is no need to register to watch this short educational trading video.

To watch the vieo , just click HERE

Feb 17, 2009

The Origins of the Finacial Crisis

Have you made yourself a vital question ,as to who are the real responsibles or at least , share the responsibility wth Bankers in the 2207 Financial Crisis? .

In the video you are about to see, you will find an ouitstanding dissertation of proffessor Avinash Presaud, from Gresham College on the origins of the actual "Financial Crisis".

Please click HERE

Feb 16, 2009

Is NetFlix on the on the upside trend?

FEBRUARY 16, 2009

Is there upside for NetFlix?.....Why is NetFlix killing Blockbusters?

There are times that we have to prove that our analysis respond to a years of study,experience and reflection.....and here we have the analysis for NetFlix ... Is there a real uptrend ? By Adam HewisonTake your own conclusions... but do not miss it. To watch it. click HERE

Feb 11, 2009

Do you think these five stocks are on the move?

This time Adam Hewison bring us, using his well known: "trade triangle technical method" ( Which you guys whom follow my blog might have be aware of it, and all the benefits you can obtain just by joining Market Club. should you have not yet join ,Market Club... do not have an idea what are you missing???. Well, take a look at this video , we welcome your opinions and points defferent from his author. Enjoy it now

To watch it please click HERE

Feb 10, 2009

Short Term Banks Bonuses Wrong

The former chief executive of HBOS Andy Hornby has said that bonuses should be tied into performance over a number of years.
Mr Hornby was giving evidence to the Treasury select committee as part of its inquiry into the banking crisis.


To watch the video, please click HERE

As it Happened Bankers grilled

The former chairmen of HBOS and RBS apologise.

To watch the video, please click HERE

UK. Banking Bosses Say "Sorry"

The former bosses of the two biggest UK casualties of the banking crisis have apologised "profoundly and unreservedly" for their banks' failure.

To watch the video, please click HERE

Feb 9, 2009

What is the target zone for USD/JPY ?

Once again our friend Adam Hewison, from market Club have sent us his projections for the USD/JPY. I just can say, that you can go to historical data as of today Monday 9, 2009 EST 12.00 p.m. and see for yourself how accurate he is. Do not miss this video and enjoy it.



To watch it please click HERE

Feb 8, 2009

MARKET CLUB ALERTS

In this ne video from our friend Adam Hewison , he shows us the alerts market club produces to its members; to watch it, please click HERE

Feb 5, 2009

Treasury in plans for record debt sale

Treasury in plans for record debt sale


By Michael Mackenzie in New York and Krishna Guha in Washington
Published: February 4 2009 18:01 Last updated: February 4 2009 2



To read the complete article please, click
HERE

Feb 3, 2009

THE # 1 PREDICTOR OF INFLATION OR DEFLATION

Adam Hewison , has just send us a new video of the "NUMBER ONE PREDICTOR OF INFLATION OR DEFLATION", anda special offer to join MarketClub on a 30 days free trial.

It is outsanding. Please Watch it
HERE