Translate

Search This Blog

Search Tool




Asian Markets at Close Report

European Markets at Close Report

May 30, 2009

Gata Dispatches: "Congress Expected To Approve IMF Gold Sale Next Week"

Submitted by cpowell on 06:04PM ET Saturday, May 30, 2009. Section: Daily Dispatches From Commodity OnlineAhmedabad, IndiaFriday, May 29, 2009http://www.commodityonline.com/news/IMF-gold-sale-US-Congress-approval-n...LONDON -- The International Monetary Fund's decisiion to sell its gold reserves could get the necessary approval from the US Congress next week.At the G20 summit in London in April, participating countries agreed the IMF could sell 403.3 metric tons of gold as part of efforts to leverage up to $6 billion in concessional loans for low-income countries over the next few years. In order for the sale to proceed, 85% of IMF shareholders need to approve the proposal. Since the U.S. has 17% of the votes, it has a de-facto veto over the proposal, which requires Congressional approval, but IMF Managing Director Dominique Strauss-Kahn told Dow Jones Newswires this week he expects Congress will soon approve the sale.On Friday analysts said US Congress may approve International Monetary Fund gold sales as early as next week."This issue appears now fully priced into the gold market and any announcement confirming sales should not move the market -- apart from perhaps a knee-jerk reaction," said John Reade, an analyst at UBS. Gold hit a three-month high Friday due to U.S. dollar weakness across a number of currencies such as the euro and pound. Traders and analysts said the metal is heading towards $1,000 a troy ounce with speculative buying reentering the market and the dollar weakening. ...The approval to sell gold, along with an increase in U.S. funding to the IMF, is scheduled for a debate beginning Monday as part of the 2009 Supplemental. An initial version of the supplemental, which includes a wider number of issues such as defense spending, was passed by both the House of Representatives and the Senate earlier this month. The version passed by the House didn't include the IMF provision but the Senate did approve the limited sale as long as it is done in a way that won't disrupt the market. Discussions over a final draft between representatives from each house are due to begin next week with a vote possible by next Friday. "We do not believe the sales, should they occur, will harm gold prices," said HSBC analyst James Steel. Other member states must also approve the sales plan, which may take many months, HSBC's Steel said, adding the sales are likely to be included in a new Central Bank Gold Agreement, or CBGA. The current CBGA agreement expires in September and analysts expect a new one to be announced soon. Under the CBGA, 17 European central banks agreed to limit gold sales to 500 tons a year. The pact is adhered to on an informal basis by the U.S., the Bank of International Settlements. and the IMF.
* * *Join GATA here: Vancouver Resource Investment ConferenceSunday-Monday, June 7-8, 2009New Vancouver Convention Centre1055 Canada Place, Vancouver, British Columbia
http://www.cambridgeconferences.com/ch_june2009.html * * *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
To contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org

May 29, 2009

Fwd: Zeal Weekly Newsletter - Commodities Survey



---------- Forwarded message ----------
From: Nick L. Nicolaas <nick@mininginteractive.com>
Date: Fri, May 29, 2009 at 3:26 PM
Subject: Zeal Weekly Newsletter - Commodities Survey
To: fernandoguzman@forexcontracts.info

As every Friday we welcome the mails of our friend Nick Nicolaas from Mining Interactive:

Dear Friends:

Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:


http://www.mininginteractive.com/releases/zeal/zeal20090529.pdf

Have a great weekend and - - - Stay Tuned!!


Regards,

Nick L. Nicolaas


Mining Interactive "Ahead of the Pack"


Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com


Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com


Vancouver Stock Exchange Building (1929)
Suite 818 - 475 Howe Street
Vancouver, BC, Canada V6C 2B3



Forward email

Safe Unsubscribe

Mining Interactive Corp. | Vancouver Stock Exchange Building (1929) | Suite 818 - 475 Howe Street | Vancouver | BC Canada | V6C 2B3 | Canada




--
FINANCIAL AND FOREX NEWS

New page focused on trading content

Fernando Guzmán Cavero:



There are only a few quality sites out there that provide high quality trading content, but they are often hard to find and are usually littered with banners and ads. So when I found this page from MarketClub I knew it would be something I bookmarked and wanted to share with you. This page is loaded with educational videos on current markets (stocks, futures, and forex), latest blog posts on the market, and helpful insight into current trends. Visit the page here:



http://www.ino.com/info/159/CD3233/&dp=0&l=0&campaignid=8



Take some time and check it out as I’ve bookmarked the page and check it daily for new videos and postings, and I recommend you do the same!
Thanks for your time and I’ll keep an eye out for more quality tools for you.

FGC BOLSA - FGC FINANCIAL MARKETS

Fwd: Financials: DTCC seeks US oversight of 'trade warehouse', Credit...



---------- Forwarded message ----------
From: Financial Times Briefing <FT@email.ft.com>
Date: Fri, May 29, 2009 at 12:27 AM
Subject: Financials: DTCC seeks US oversight of 'trade warehouse', Credit...
To: forexnews@fgcforex.info



If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/S4XZQQ/7LK0N/81LZH9/EDZ6C/

 
Financial Times
Financials
Friday May 29 2009

FT.com - Financials
 
DTCC seeks US oversight of 'trade warehouse'
The Depository Trust & Clearing Corporation, the US clearing and settlement system, said it had applied to bring its "trade warehouse", which stores information on credit derivatives trades, under the oversight of US federal regulators for the first time
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/WQVZ8/W1/h
 
Credit Suisse begins London property sale
Move could raise up to £500m as part of the bank's strategy to focus on core banking operations
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/X927I/W1/h
 
Turbulent markets halve Man Group profits
Man Group's annual profit tumbled by nearly two-thirds while institutional investors continued to pull out billions of dollars after March 31
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/WQVZX/W1/h
 
NY insurance regulator steps down
Eric Dinallo, New York's insurance superintendent, is resigning to take up a position teaching finance at New York University
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/8TYQ1/W1/h
 
Investors fear bank stress tests too lenient
Shares in British banks fell after it emerged that the worst-case economic scenarios used to test the capital strength of banks have been less severe than assumed in financial markets
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/EOJN3/W1/h
 
Banks rush to build capital via property
Several billion pounds worth of European corporate property is expected to be sold in the next few months as businesses look to free capital from their property assets
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/8TYQW/W1/h
 
Candover nears agreement on sale
Private equity group is close to agreeing the sale of Wood Mackenzie, the fast-growing energy research and consultancy group
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/N5TG6/W1/h
 
Capital focus
Banks across the world have spent recent months trying to rebuild their capital ratios, particularly tier one
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/TYOVD/W1/h
 
Brixton discusses £200m sell-off
The industrial property company is in talks to sell more than £200m of properties held in a joint venture to private equity group Westbrook Partners
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/WQVZC/W1/h
 
Brewin Dolphin optimistic
Financial turmoil drove the investment manager's pre-tax profits down 38 per cent for the six months to March 31
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/TYOVC/W1/h
 
Centreinvest faces close scrutiny
The complaint against the investment bank highlights the vulnerability for investors in Russian equities, which are traded in lightly regulated offshore jurisdictions and thus subject to few legal protections
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/334K3/W1/h
 
Warsaw urges banks to shun dividends
Poland's central bank governor is again asking banks to retain their profits in order to strengthen their balance sheets, a request echoed in the Czech Republic
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/61KI9/W1/h
 
Eurozone banks
The ECB has not entirely eschewed so-called quantitative easing. Instead it has got the eurozone's banks to do the job for it
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/GCFP2/W1/h
 
Local shares blamed for Temasek loss
The Singapore state investment agency is likely to report a fall of about 30 per cent in the value of its portfolio for the year to April
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/GCF3N/W1/h
 
US super-regulator
Whoever oversees the banks, more important is how they will do the day-job better than their tarnished predecessors
http://link.ft.com/r/S4XZQQ/43QSW/TLJDE/I005P/BGQJ8/W1/h
 
Advertisement1
 

Tools
Your account    Portfolio
Email Briefings    Price alerts
Keyword alerts    RSS feeds
© THE FINANCIAL TIMES LTD 2009
ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com
Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.




--
FINANCIAL AND FOREX NEWS

May 28, 2009

Forbes.com Alerts: "Final Glance:Finance Companies"


Shares of some top finance companies were mixed at the close of trading: To read full story click:

Helpful Analysis for Stocks, Futures, and Forex pairs

Fernando Guzmán Cavero:

With all the movements in the market recently, traders and investors are focusing more and more on protecting capital. I’ve found that by properly knowing the trend of the symbols in my portfolio and keeping on top of those moves, I’m able to protect capital and pull profits out of the market when I can.
But staying on top of the changes and momentum shifts often becomes overwhelming, especially if you’re watching a large number of symbols and open positions, like me. One free tool that I utilize to help me keep on top of my portfolio is called Trend Analysis, from the team that runs MarketClub. Trend Analysis is a daily email analysis tool that gives me insight into exactly what my portfolio is doing.

http://www.ino.com/info/114/CD3233/&dp=0&l=0&campaignid=12

The link above takes you to get your first symbol analyzed and from there you can easily add more symbols to get a daily update, which I find very helpful.
Again thanks go to the MarketClub team for making Trend Analysis available for no cost to us. Learn more about MarketClub here:

(http://www.ino.com/info/45/CD3233/&dp=0&=0&campaignid=8)

Please be free to send us your comments, they are always wellcome.
FGC

The news strengthen the dollar...Is that true?...Manipulation

It could be true , otherwise how do you explain the following reflection news@contratosforex.info send us:



After knowing the statistics of increase in the price housing , the dollar strengthens against major currency, the point is until when good and bad news of some interest groups will keep and or wil try to manipulate the Forex Market in benefit of some insiders well informed. I rather be skeptical of what the media try to sell us. Maybe tomorrow another US bank goes bankruptcy or maybe Central banks start selling most of their reserves in USD? What do you think it would happen with the price of the dollar relative to the major currencies. What economy is worst the Japanese with the decrease of its retail sales... ? The USA with the increase of housing sales....? the figures every day change to strenghten one and or other of major currencies...? Be careful in your foreign deals.

news@contratosforex.info

http://www.contratosforex.info/

May 27, 2009

MarketClub Makes Money in May

Dear Readers:

MarrketClub Makes money in May , if you do great, but if you do not...just watch the proof in this prime time video Adam Hewison gives us; and honestly ,why don't you give MarketClub a free trial,?do not miss this great tool with a honest analysis as always Adam does it. Below is the transcript. of his e-mail. Your comments are always welcome
Fernando Guzmán Cavero
FGC BOLSA

If you didn’t make money this month then you weren’t watching our Trade Triangles.
CURRENCIESMay has been quite a month, especially for the British Pound (GBP). In an earlier video, I alerted everyone of the potential upward move. The market ended up moving right in line with my expectations and is showing some excellent profits. One currency contract at the CME is showing a profit of over $8,000, a stunning return of over 216% over initial margin*.
ETFI also alerted you to a move in crude using the ETF USO which closely tracks the crude oil market. This market has gone up over 8% since MarketClub issued the first signal on May 6th at 32.16 using our Trade Triangle technology.
PRECIOUS METALGold has also been a big winner this month with a move over the $950 level. This stellar move produced profits over $2,845 a contract. This represents a return of 50% in less than a month over initial margin*.
If you’re not familiar with our “Trade Triangle” technology, I highly recommend you take a look at it and see how it works in spotting the big moves before they begin.
http://www.ino.com/info/369/CD3233/&dp=0&l=0&campaignid=3

As always, the videos are free to watch and there’s no need to register. I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
*Initial margin for British Pound Futures $2,700*Initial margin for Gold Futures $5,399

Gata Dispatches: ""John Taylor: Exploding debt threatens America"

John Taylor: Exploding debt threatens America
Submitted by cpowell on 08:23AM ET Wednesday, May 27, 2009. Section: Daily Dispatches By John TaylorFinancial Times, LondonTuesday, May 26, 2009http://www.ft.com/cms/s/0/71520770-4a2c-11de-8e7e-00144feabdc0.html?ncli...Standard and Poor's decision to downgrade its outlook for British sovereign debt from "stable" to "negative" should be a wake-up call for the US Congress and administration. Let us hope they wake up.Under President Barack Obama's budget plan, the federal debt is exploding. To be precise, it is rising -- and will continue to rise -- much faster than gross domestic product, a measure of America's ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the Congressional Budget Office projects it will increase to 82 per cent of GDP in 10 years. With no change in policy, it could hit 100 per cent of GDP in just another five years. "A government debt burden of that [100 per cent] level, if sustained, would in Standard & Poor's view be incompatible with a triple-A rating," as the risk rating agency stated last week.I believe the risk posed by this debt is systemic and could do more damage to the economy than the recent financial crisis. To understand the size of the risk, take a look at the numbers that Standard and Poor's considers. The deficit in 2019 is expected by the CBO to be $1,200 billion. Income tax revenues are expected to be about $2,000 billion that year, so a permanent 60 per cent across-the-board tax increase would be required to balance the budget. Clearly this will not and should not happen. So how else can debt service payments be brought down as a share of GDP?Inflation will do it. But how much? To bring the debt-to-GDP ratio down to the same level as at the end of 2008 would take a doubling of prices. That 100 per cent increase would make nominal GDP twice as high and thus cut the debt-to-GDP ratio in half, back to 41 from 82 per cent. A 100 per cent increase in the price level means about 10 per cent inflation for 10 years. But it would not be that smooth -- probably more like the great inflation of the late 1960s and 1970s with boom followed by bust and recession every three or four years, and a successively higher inflation rate after each recession.The fact that the Federal Reserve is now buying longer-term Treasuries in an effort to keep Treasury yields low adds credibility to this scary story, because it suggests that the debt will be monetised. That the Fed may have a difficult task reducing its own ballooning balance sheet to prevent inflation increases the risks considerably. And 100 per cent inflation would, of course, mean a 100 per cent depreciation of the dollar. Americans would have to pay $2.80 for a euro; the Japanese could buy a dollar for Y50; and gold would be $2,000 per ounce. This is not a forecast, because policy can change; rather it is an indication of how much systemic risk the government is now creating.Why might Washington sleep through this wake-up call? You can already hear the excuses."We have an unprecedented financial crisis and we must run unprecedented deficits." While there is debate about whether a large deficit today provides economic stimulus, there is no economic theory or evidence that shows that deficits in five or 10 years will help to get us out of this recession. Such thinking is irresponsible. If you believe deficits are good in bad times, then the responsible policy is to try to balance the budget in good times. The CBO projects that the economy will be back to delivering on its potential growth by 2014. A responsible budget would lay out proposals for balancing the budget by then rather than aim for trillion-dollar deficits."But we will cut the deficit in half." CBO analysts project that the deficit will be the same in 2019 as the administration estimates for 2010, a zero per cent cut."We inherited this mess." The debt was 41 per cent of GDP at the end of 1988, President Ronald Reagan's last year in office, the same as at the end of 2008, President George W. Bush's last year in office. If one thinks policies from Reagan to Bush were mistakes, does it make any sense to double down on those mistakes, as with the 80 per cent debt-to-GDP level projected when Mr Obama leaves office?The time for such excuses is over. They paint a picture of a government that is not working, one that creates risks rather than reduces them. Good government should be a nonpartisan issue. I have written that government actions and interventions in the past several years caused, prolonged, and worsened the financial crisis. The problem is that policy is getting worse, not better. Top government officials, including the heads of the US Treasury, the Fed, the Federal Deposit Insurance Corp., and the Securities and Exchange Commission are calling for the creation of a powerful systemic risk regulator to reign in systemic risk in the private sector. But their government is now the most serious source of systemic risk.The good news is that it is not too late. There is time to wake up, to make a mid-course correction, to get back on track. Many blame the rating agencies for not telling us about systemic risks in the private sector that lead to this crisis. Let us not ignore them when they try to tell us about the risks in the government sector that will lead to the next one.-----The writer, a professor of economics at Stanford and a senior fellow at the Hoover Institution, is the author of "Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis."

* * *Join GATA here: Vancouver Resource Investment ConferenceSunday-Monday, June 7-8, 2009New Vancouver Convention Centre1055 Canada Place, Vancouver, British Columbia http://www.cambridgeconferences.com/ch_june2009.html * * *
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
To contribute to GATA, please visit:
http://www.gata.org/node/16 Contact GATAinfo@gata.org
Gold Anti-Trust Action committee
7 Villa Louisa RoadManchester,
Connecticut06043-7541 USA
www.gata.org

How much are you paying per course?

Even in these tough economic times companies are still trying to exploit people’s desire to expand their trading minds!
Companies are charging hundreds and even thousands for access to 2-3 hours’ worth of mediocre education from their own experts. If anyone has actually paid for the education, they quickly realize that in order to continue and get the “expanded education” they need to continue to spend! It’s all a vicious cycle to separate you from your hard earned pay checks without actually providing you with worthwhile material.
There is only one place where you have access to over 150 experts and 500 hours of seminars, for one price and that’s INO TV.(Make this entire phrase a text link with your affiliate code) http://www.ino.com/info/36/CD3233/&dp=0&l=0&campaignid=9 INO TV gives its 30,000 members access to massive amounts of educational material that has been handpicked to provide you with the most for the least. If you’ve been duped in the past, here is your way to get back at those companies… learn something and stretch your pay check!
Visit the education page of INO TV to learn more.

Full access to INO TV will not cost you thousands, and won’t cost you hundreds. A full year subscription is only 99.95. Yes, access to the world’s top experts, streaming on demand, and new authors being added monthly, will not cost you a month’s salary.
It’s important that you continue to design your trading methods that fit your lifestyle, and with INO TV you can do that with access to hundreds of experts who have done it before and want to show you their strategies
.
Learn more about INO TV and see if you’re ready to refresh your knowledge base.

¡Best to all of you and remember your comments are welcome!
Fernanfo Guzmán Cavero
FGC BOLSA

May 26, 2009

S&P 17 Week Cycle?

This is an excellent video we just recieved from Adam Hewison analyzing the S&P 17 week cycle. You shouldn't miss it . Comment are always welcome, enjoy this great video,
Below is the transcript of Adam's mail.
Enjoy it
Best Regards to all of you,
FGC BOLSA

Here’s a key video to look at this week.
I was just looking at the S&P 500 and I noticed a very pronounced cycle in this market that I want to share with you.
In my new video I explain exactly what I’ve seen and what I expect will happen to this market if this cycle continues on track.
You can view this new video with my compliments. There are no registration requirements. Please enjoy and give your feedback on our blog. Thank you
.
http://www.ino.com/info/367/CD3233/&dp=0&l=0&campaignid=3


All the best,


Adam Hewison

President, INO.com

Co-creator, MarketClub

May 25, 2009

Economic Times

This page was sent to you by: Fernando Guzmán , forexnews@fgcforex.info
--------------------------------
Fraudulent forex deals return to haunt individuals, banks
The Enforcement Directorate finds illegal remittances, slaps penalty of close to Rs 2,000 cr on 60 individuals. Largest US bankruptcies Top 20 Global Banks

Log on to : http://www.economictimes.com/
----------------------------------
Message from Fernando Guzmán
Be careful who you decide to do forex contracts with. First check out your brokers name with any regulatory institution such as the NFA .
----------------------------------

Emailed with ease
from my new Nokia E75
Read more at http://ad.in.doubleclick.net/clk;214094591;36526876;r?http://www.emailwithease.com.

** Disclaimer **
This is a public forum provided by Economictimes.com for its users to share their views with friends/public at large. Economictimes.com is not responsible for the content of this email. Anything written in this email does not necessarily reflect the views or opinions of Economictimes.com. Please note that neither the email address nor the name of the sender has been verified.

Gata Dispatches: "Peter Brimelow: Gold on verge of historic breakout?"

Submitted by cpowell on 07:16AM ET Monday, May 25, 2009. Section: Daily Dispatches
By Peter Brimelow
MarketWatch.com
Monday, May 25, 2009
http://www.marketwatch.com/story/gold-on-verge-of-historic-breakout?
NEW YORK -- Is this it for gold? After a good week, gold watchers of all stripes think it may be. Again.
After Friday's $956.50 close, Martin Pring -- decidedly not a gold bug -- set the tone in his Weekly InfoMovie Report:
"Gold could be on the verge of a historical breakout. Watch that $990-1,000 area like a hawk."
Pring has always laid very heavy emphasis on the predictive power of gold shares. His analysis:
"The gold share ETF, the GDX [Market Vectors Gold Miners ETF has just broken out from a major base. Since the shares often lead the metal, this is a bullish factor."
Dow Theory Letters' Richard Russell has also been interested in GDX. On Tuesday he noted a "sensational" breakout. After Friday he said this:
"Ordinarily I would only add gold items on a correction, but gold seems on a roll now, so I added GDX."
Two developments are causing the excitement about gold. From a charting point of view, gold shares are generally agreed to have broken out, meaning that gold itself could well be about to do something very important. Australia's The Privateer (whose free U.S.-dollar 5X3 Point-and-Figure chart looks very handsome after Friday) describes the situation:
"What is being traced ... is a gigantic 'reverse' head-and-shoulders formation. The trading range between US$900 and US$1,000 was broken early in April. Over the month of April, a tighter range between US$870-US$910 was established. Now gold has broken back above that range. The 'right shoulder' on the 'reverse' head-and-shoulders formation is getting wider. ... There are two major resistance points. The first is at US$955 ... where the chart is now. The second is, of course, at US$1,000, the level reached in March 2008 and again in February 2009."
Several other commentators see the same thing.
The second bullish gold development: general economic conditions.
As the Gartman Letter noted on Wednesday: "The dollar does look vulnerable. ... Pushing government steadily leftward, the Obama administration has set up the possibility of a U.S. dollar rout. ... If this persists, commodity prices generally shall rise and rise materially, and gold shall too."
Dan Norcini at the JSMineset Web site saw things similarly on Friday. He offered "some remarks concerning the collapse in the long bond. Quite frankly, its weekly price chart has become a technical train wreck. ... While some of the immediate demand/supply fundamentals of various commodity markets are not particularly bullish, the fact is that the big funds are looking past all of that and are rushing in to buy across the board based on inflation expectations. ... The inexorable and relentless rise in the Continuous Commodity Index (CCI) presents the gold bears with a formidable problem. It is difficult to shove the price of gold down for long when the entire commodity world is rising."
FGMR's James Turk is so intrigued that in this weekend's issue he considers altering his normally cautious trading style:
"I think we are very close (7-10 months) to the beginning of a hyperinflationary spiral. ... If I am right ... there obviously is an exceptional opportunity to load up (i.e., a leveraged position) by buying gold."
But Turk has his fair share of trading scars and more. He warns: "Comex options expire this Tuesday, May 26, and options in the much larger over-the-counter market expire a couple of days later. We all know what has happened regularly over the years on option expiry. The gold cartel slams gold."
Turk is part of a faction I call the radical gold bugs, because they watch not merely inflation but what they believe to be the authorities' manipulation of the gold price to preserve the illusion of financial stability. Their expectations of a gold breakout have been frustrated repeatedly.
Nevertheless, Turk adds: "One of these days (and there's at least a 50 percent chance now is that time), gold will just keep rising."

* * *
Help keep GATA going
GATA 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
To contribute to GATA, please visit:

http://www.gata.org/node/16
Contact GATA
info@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa Road
Manchester, Connecticut
06043-7541 USA

www.gata.org

May 23, 2009

THe Black Hole


Gata Dispatches: "LA Times cites Treasury's " Manipulation" of bond market

Submitted by cpowell on 05:51PM ET Friday, May 22, 2009. Section: Daily Dispatches Good thing the world has Jon Nadler at Kitco and Philip Klapwijk at GFMS to provide assurances that such manipulation could never happen in the gold market.* * *Why Wall Street Is Deserting Treasuries and the DollarBy Tom PetrunoLos Angeles TimesFriday, May 22, 2009http://latimesblogs.latimes.com/money_co/2009/05/this-week-couldnt-end-f...This week couldn't end fast enough for the Treasury bond market or the dollar, both of which were hammered again today as investors bailed out in thin pre-holiday trading.The yield on the 10-year T-note jumped to 3.45%, up from 3.35% on Thursday and 3.14% a week ago. The yield now is the highest since mid-November.So much for the idea of Treasuries being a haven: The iShares Barclays 20+Year Treasury exchange-traded fund, which owns long-term government bonds, has lost 22% of its value since the start of the year as rising market yields have depressed older bonds' prices.In the currency market the euro shot up to a five-month high of $1.40 from $1.39 on Thursday and $1.35 a week ago. The dollar also slumped further against most other major currencies and a lot of minor ones.As for the stock market, it performed a modest levitation act for much of today's session, only to surrender to gravity in the last hour.Global investors and traders suddenly seem to have every reason in the book to sell Treasuries and the greenback, and no reason to buy.One camp, for example, is betting that the economy has bottomed and that it's smarter to bet on riskier investments, such as corporate junk bonds, stocks and emerging-market currencies, than on low-yielding Treasuries or the dollar.Another camp is worried that the unprecedented surge in U.S. government borrowing (to bail out the economy) finally has become too much for the market to bear, fueling fears of an even bigger spike in T-bond yields ahead."I think the supply dynamic is just getting overwhelming," said Tom Tucci, head of Treasury trading at RBC Capital Markets in New York.What's more, Standard & Poor's rattled bond investors on Thursday after it warned that Britain could lose its AAA credit rating because of that government’s soaring debt load. S&P didn't say anything about Uncle Sam's AAA rating, but the markets made the link anyway, as noted in this post. That too was a downer for the dollar.The Obama administration might not care much about rising Treasury yields and a falling dollar, except for the velocity of the moves: The U.S. can't afford a continuing spiral up in yields and spiral down in the dollar's value because they could feed on themselves and unnerve our foreign creditors, particularly China.And although it hasn't happened yet, at some point the jump in Treasury yields will begin to push up mortgage rates. Then say goodbye to any hopes for a housing recovery.All of this sets up markets for another big test next week, when the Treasury plans to sell a total of $101 billion of two-, five-, and seven-year notes Tuesday through Thursday.It's possible that yields now have risen to a point where buyers will be interested again. But if not, and yields continue to rocket, Wall Street most likely will turn to the Federal Reserve for help -- expecting the central bank to step up its manipulation of the Treasury market by boosting its purchases of bonds.Even if the Fed complies, however, there's no guarantee it will succeed in damping yields if sellers keep swarming."When the market is against you it's very hard to have a successful intervention," warns Dominic Konstam, an interest-rate strategist at Credit Suisse in New York.
* * *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
To contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut
06043-7541 USA

May 22, 2009

From The Desk of Nick Nicolaas

As every Friday our friend Nick Nicolaas sends us his e-mail, alerting Adam Hamiliton has posted his weekly Zeal Itelligence Newsletter. The transcription of his mail next:.

Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
http://www.mininginteractive.com/releases/zeal/zeal20090522.pdf Have a great weekend and - - - Stay Tuned!!
Regards,
Nick L. Nicolaas
Mining Interactive “Ahead of the Pack”
Nick L. NicolaasPresident & CEOMining Interactive Corp.www.mininginteractive.com

Direct 24/7: +1 (604) 657-4058Main Office: +1 (604) 569-0800Fax: +1 (604) 569-0758Skype: nicknicolaasnick@mininginteractive.com

Gata Dispatches: Dollar stops being Russia's reserve leading currency"

Submitted by cpowell on 12:33PM ET Friday, May 22, 2009. Section: Daily Dispatches
From Pravda, MoscowTuesday, May 19, 2009
http://english.pravda.ru/business/finance/19-05-2009/107581-dollar_russia-0
The U.S. dollar is not Russia's basic reserve currency anymore.
The euro-based share of reserve assets of Russia's central bank increased to the level of 47.5 percent as of January 1, 2009, and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.
The dollar has thus lost the status of the basic reserve currency for the Russian central bank, the annual report, which the bank provided to the State Duma, said.
In accordance with the report, about 47.5 percent of the currency assets of the Russian central bank were based on the euro, whereas the dollar-based assets made up 41.5 percent as of the beginning of the current year. The situation was totally different at the beginning of the previous year: 47 percent of investments were made in US dollars, while the euro investments were evaluated at 42 percent.
The dollar share had increased to 49 percent and remained so as of October 1. The euro share made up 40 percent. The rest of investments were based on the British pound, the Japanese yen and the Swiss frank.
The report also said that the reserve currency assets of the Russian central bank were cut by $56.6 billion. The losses mostly occurred at the end of the year, when the central bank was forced to conduct massive interventions to curb the run of traders who rushed to buy up foreign currencies. The currency assets of the central bank had grown to $537.6 billion by October 2008. Therefore, the index dropped by almost $133 billion within the recent three months.
The majority of Russian companies, banks, and most of the Russian population started to purchase enormous amounts of foreign currencies at the end of 2008. The dollar gained 16 percent and the euro 13.5 percent over the fourth quarter. The demand on the US dollar was extremely high, and the central bank was forced to spend a big part of its dollar assets, experts say.
The change of the structure of the currency portfolio of the Bank of Russia has not affected the official peg of the dual currency basket, which includes $0.55 and 0.45 euros.
The investments of the Bank of Russia in state securities of foreign issuers have been considerably increased, the report said. About a third of Russia’s international reserves are based on US Treasury bonds.
Russia became one of the largest creditors of the US administration last year, the US Department of the Treasury said. Russia increased its investments in the debt securities of the US Treasury from $32.7 billion as of December 2007 to $116.4 billion as of December 2008.* * *
Help keep GATA going
GATA 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/
To contribute to GATA, please visit:http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org

New S&P Video Analysis

¡Adam Hewison is unbeatable, here is one more video Adam wants to share with us!



Today we’re going to be looking at the S&P 500 market. We last reviewed this market back on May 12th when it was trading at 908. Here we are two weeks later and the market is at 914.
That doesn’t seem like a big move, but we’ve had some pretty big moves in the interim both on the upside and downside.
I think you’ll find this new video interesting and informative. In addition to the two trend lines that I graphically illustrate in the May 12th video, I’ll share with you today two other tech indicators that I’ve been watching:

http://www.ino.com/info/365/CD3233/&dp=0&l=0&campaignid=3



You can view this new video with my compliments. There are no registration requirements. Please enjoy and give your feedback on our blog. Thank you.
All the best,

Adam Hewison

President, INO.com

Co-creator, MarketClub

Gold Update and Current Direction

Adam Hewison send us a n great video on gold with update on current direction. Do not miss it.

Fernando Guzmán Cavero

FGC BOLSA



The gold market sprang into life yesterday (5/20) as it closed in on $940 level which brings it back to its best levels since March 20th. We last looked at the gold market shortly after my return from New Zealand on May 5th. At that time, Gold (xauusdo) was trading at $902 you can see that all on my earlier video. Presently we are trading around $937 zone and it looks as though we can see further upside action in this market.
I think you’ll find this new video very informative and you may watch with my compliments. There are no registration requirements. Please enjoy and give your feedback on our blog. Thank you.
http://www.ino.com/info/366/CD3233/&dp=0&l=0&campaignid=3



All the best,
Adam Hewison

President, INO.com

Co-creator, MarketClub

BBC BUSINESS NEWS"High costs fuel record loss at BABritish Airways"

BUSINESS
High costs fuel record loss at BABritish Airways announces an annual pre-tax loss of £401m, after being hit by the weak pound and higher fuel costs.
GMAC to receive $7.5bn state aidThe US Treasury is to give finance group GMAC $7.5bn more state aid, to help it offer loans to Chrysler and GM car buyers.
Japan upgrades economic outlookJapan's central bank upgrades its economic outlook, saying the worst of the country's recession might be ove: to read full story visit :http://news.bbc.co.uk/2/hi/business/8062844.stm

May 21, 2009

Link shared by forexnews@fgcforex.info

The bailout buble is about ...? Do nt miss this interview to Gerald Celente

http://geraldcelentechannel.blogspot.com/2009/05/bailout-bubble-ths-mother-of-all.html

[Message sent by forexnews@fgcforex.info via AddThis.com. Please note that the sender's email address has not been verified.]

May 20, 2009

FT.com:"Revival hopes push down dollar"

By Krishna Guha and Tom Braithwaite in Washington and Michael Mackenzie in New York
Published: May 20 2009 15:38 Last updated: May 21 2009 00:24. To read full coverage of this news, please click HERE

FORA T.V.:"Steve Ballmer: Opportunities in Difficult Times"

FORA T.V. : "The World is Thinking".



To view video please click HERE.
¡We Welcome your comments and this and any other post!




May 19, 2009

Fwd: Asia AM: US pledges aid as Swat crisis grows, Three vie for G...



---------- Forwarded message ----------
From: Financial Times Briefing <FT@email.ft.com>
Date: Tue, May 19, 2009 at 9:01 PM
Subject: Asia AM: US pledges aid as Swat crisis grows, Three vie for G...
To: forexnews@fgcforex.info



If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/J0VG55/VI9MQ/CBG4OP/IQ4VZ/

 
Financial Times
Asia AM
Wednesday May 20 2009

Financial Times - Asia homepage
 
US pledges aid as Swat crisis grows
The United Nations' refugee agency has warned that fighting between Pakistan's military and Taliban militants is uprooting people faster than probably any other conflict since the Rwandan genocide of the 1990s
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/SKIZ1/50/h
 
Three vie for GM's European divisions
RHJ, Fiat and Magna expected to make formal offers for a stake in General Motors' Opel-Vauxhall units, but additional bids from private equity and sovereign wealth investors still possible
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/3NUEX/50/h
 
Investors rebel over Shell executive pay
In one of the biggest investor rebellions over directors' pay, about 59 per cent of the oil multi­national's shareholders voted down the company's remuneration report
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/RXYAT/50/h
 
Dimon rails against foreign worker rules
Rules preventing US banks from hiring foreigners are a 'complete and utter disgrace' and could prompt overseas governments to retaliate against American expatriates, Jamie Dimon, chief executive of JPMorgan Chase, warned
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/1R3Y7/50/h
 
Guantánamo panel calls for US to take Chinese Uighurs
The task force on Guantánamo Bay detainees set up by Barack Obama has recommended the release into the US of two Chinese Uighurs held at the prison, the Financial Times has learned
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/G02TQ/50/h
 
MGM Mirage warned over Macao JV
State authorities in NJ withhold blessing from $1.25bn MGM Grand Macau operation in Chinese territory
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/E6C1X/50/h
 
British MPs turn on their protector
Michael Martin said he would resign as Common Speaker after losing the confidence of many MPs and party leaders over his handling of the Westminster expenses furore
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/AH8NE/50/h
 
Fed looks to supply for pointer on rates
The Federal Reserve is turning its attention to the impact of the crisis on the productive capacity of the US economy – an issue central to any assessment of when it might start tightening monetary policy again
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/8LBR9/50/h
 
Obama unveils fuel efficiency alliance
The Obama administration announced a grand bargain on fuel efficiency and emissions with the global car industry, drawing together an unlikely alliance of carmakers, trade unions and environmentalists
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/6UTSQ/50/h
 
Porsche chief woos Mideast investors
The corporate saga surrounding Volkswagen and its largest shareholder, Porsche, took another twist when it emerged that the sports car makers' chief executive was wooing Middle East investors
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/CGOPS/50/h
 

Financial Times - US homepage
 
Home Depot chief warns on US housing
Home Depot, the world's largest home improvement retailer, said its first quarter sales fell 9.7 per cent, and warned that its customers were "still under pressure" from the economy
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/UYQMU/50/h
 
Schwarzenegger setback expected on budget
California voters were expected to reject a series of special ballot measures aimed at addressing a widening state budget deficit in a blow to Governor Arnold Schwarzenegger
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/RXYAP/50/h
 

Financial Times - UK Homepage
 
Overseas workers more able to keep jobs
Analysis of official statistics shows that the number of British-born workers in employment fell by 451,000, or 1.8 per cent, in the first quarter of this year compared with a year ago.
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/AH8NY/50/h
 
M&S chief reticent on choice of successor
Sir Stuart Rose said a search to find a successor for him would not begin until next year as the CEO of the UK retailer reported a 37 per cent fall in full-year pre-tax profits and a 33 per cent cut in dividend payouts
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/5PL90/50/h
 
Lufthansa seeks BMI cash fillip
Lufthansa has warned it could walk away from the planned takeover of BMI British Midland unless the airline's controlling shareholder injects more capital into the struggling UK carrier
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/8LBR5/50/h
 
Financial regulation plan faces UK obstacles
Proposals for a radical overhaul of financial supervision in Europe, due to be published soon, are likely to put Brussels on a collision course with the UK
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/1R3YA/50/h
 
Oil recovery ignores fundamentals
A surge in the West Texas benchmark – jumped to a six-month high of $60.48 a barrel, up 85 per cent from February's low of $32.7 –has left some bullish and others concerned
http://link.ft.com/r/J0VG55/2F8O7/Y8P9R/HOJZI/ZSFK5/50/h
 
Advertisement1
 

Dragonbeat
A moribund Chinese bond market springs to life
Why the crisis is good for China's Pearl River Delta
A blog pause
China's land-rights reform is vital but not enough
How real is the threat of social unrest from China's army of unemployed?

Tools
Your account    Portfolio
Email Briefings    Price alerts
Keyword alerts    RSS feeds
© THE FINANCIAL TIMES LTD 2009
ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com
Change Briefings  •   Unsubscribe  •  Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.