Showing posts from March, 2009

Is the move in crude over?

Crude oil plays such an important and integral part in our lives, whether we care to admit it or not. This one source of energy drives the US economy and indeed the world’s economy. therefore, what's ahead for the new black gold? After following this market move to its best levels in some time, we have seen a sharp pullback from its recent highs as the crude oil market appears to be mimicking the equity markets. In this new video you will see in detail as to what the technicals are showing for this market. I think you’ll find the analysis interesting, revealing and above all educational. As always this video is with our compliments. Do not miss it and enjoy it. To view the video, please click HERE . Fernando Guzmán-Cavero

The Financial Times Info

Please click HERE for diferent articles. You will have to sign in first (free) to get to the complete article you may be interested. Click Here for more information Alerts: "Will Obama Fire A Wall Street Chief?"

The White House booted Rick Wagoner from GM. Come April, it could be a banker on the chopping block . To read full story, click HERE

GATA Dispatches: "China, Argentina to Conduct trade in Chinese currency"

Submitted by cpowell on 07:40PM ET Monday, March 30, 2009. Section: Daily Dispatches China and Argentina in Currency SwapBy Jude WebberFinancial Times, LondonTuesday, March 31, 2009 SANTIAGO, Chile -- China, which is pushing to end the dominance of the dollar as a worldwide reserve, has agreed a 70 billion renminbi currency swap with Argentina that will allow it to receive renminbi instead of dollars for its exports to the Latin American country.Xinhua, the official Chinese news agency, said the deal was signed on Sunday by Zhou Xiaochuan, governor of the People's Bank of China, and Martín Redrado, Argentine central bank president, in Medellín, Colombia, where they are attending a meeting of the Inter-American Development Bank.An Argentine official confirmed a deal had been discussed and said the fine print was being worked out and negotiations were "very advanced."Beijing has signed 650 billion renminbi

GATA Dispatches: "Concentrated shorts proven to suppress gold and silver."

Submitted by cpowell on 06:06PM ET Friday, March 27, 2009. Section: Daily Dispatches 9:05p ET Friday, March 27, 2009Dear Friend of GATA and Gold (and Silver):GATA Board of Directors member Adrian Douglas, editor of the Market Force Analysis letter ( ), has combined data from the U.S. Commodity Futures Trading Commission and the Office of the Comptroller of the Currency to show that the suppression of the prices of gold and silver in the last several years correlates exactly with the growing concentration of the short positions held by two U.S. banks, JPMorgan Chase and HSBC. Short of the official admissions of the gold price suppression scheme collected and published by GATA over the years, Douglas' report is probably the best proof yet, and certainly the most detailed. Douglas' report is titled "Pirates of the COMEX" and you can find it in PDF format at GATA's Internet site here:

From The Desk Of Nick Nicolaas: "Crisis & Opportunity"

The following is a transcript of Nick Nicolaas email, just received by FGC BOLSA - FGC FINANCIAL MARKETS: From the Desk of Nick Nicolaas (FDNN) #71 March 27, 2009 CRISIS & OPPORTUNITY Doug Casey's Research Crisis & Opportunity Summit Dear Friends I had the pleasure to attend the Casey Research Crisis & Opportunity Summit in Las Vegas last weekend March 20 – 22, 2009. This was not only a pleasure - - it was an education! Over time Casey Research has accurately predicted the current crisis making headlines today and therefore I try my best to attend every one of Casey's conferences. Yes, my friends, the financial world has changed forever and is changing as I write this so, the more I can educate myself to - - - what will the future bring - - - the better off I am as an investor. The repeated message at the Conference was we have a serious problem and there is much more pain to come. However, there were those at the Conference, Like John Mauldin a prolific writer

GATA Dispatches:"GATA and gold price suppression make it into the London Times"

Submitted by cpowell on 05:23PM ET Friday, March 27, 2009. Section: Daily Dispatches Is There Any Gold Inside Fort Knox, the World's Most Secure Vault?By Chris AyresThe Times, LondonSaturday, March 28, 2009 ...It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base, and watched over day and night by army units with tanks, heavy artillery, and Apache helicopter gunships at their disposal. Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible, and Magna Carta. For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: It is the matter of how much gold remains stored there -- and who owns it. They are worried that no ind Alerts: "THE INFLUENCE GAME: 7 big banks"

THE INFLUENCE GAME: 7 big banks seek monopoly. To read full story, click HERE Alerts: Banks stocks fall...

Bank stocks fall as CEOs indicate problems linger. To read full story, click HERE

Nick Nicolaas From Mining Interactive... News

Nick Nicolaas from Mining Interactive has sent us the latest post of Adam Hamilton in his weekly Zeal Intelligence Newsletter on the Mining interactive Website To read full coverage of article , click HERE

Two trending markets revisited and analyzed for you

Last week I watched a video analysis of the S&P and Crude Oil markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Crude seemed to steady out, so what’s the new analysis? Glad you asked! Below are two free videos, one on Crude Oil and one on the S&P, that gives us an indepth technical look into these markets. Again the videos are free and very informatitive: S&P Video Analysis : To view it, click HERE . Crude Oil Projections: To view it, click HERE Fernando Guzmán Cavero Alerts: "Streets Retreats Following Rally"

Stocks pare week's gains after consumer income and spending report; Obama meets with bankers. To read full coverage of this analysis, click HERE

Nick Nicolaas from Mining Interactive has sent us the following Information

Dear Friends: With all its projects in Sweden and Mexico ( see: 2-page Summary ) and with David Henstridge, a seasoned and hard-nosed explorationist at the helm, we are very much convinced that Tumi is one of those exploration companies (see: our attached Resource World article “Taking a look at junior explorers”) where the leverage and upside for an inves¬tor can be potentially enormous. My intelligent-hope says that this Company will be a winner;and I am now averaging down and investing more in Tumi - - -in pennies As always - - - Stay Tuned!! Regards, Nick L. Nicolaas You can also view Tumi CEO in video interview HERE Alerts:: Stocks Up on GDP Contraction News"

Stocks Up On GDP Contraction News This is a transcript of the Market Update: Midday video report Roread Full storu , click HERE

GATA Dispatches: "A new World currency draws nearer Geither's slip"

A new world currency draws nearer after Geithner's slip Submitted by cpowell on 07:47AM ET Thursday, March 26, 2009. Section: Daily Dispatches By Ambrose Evans-PritchardThe Telegraph, LondonWednesday, March 25, 2009 ...US Treasury Secretary Tim Geithner confessed on Wednesday that he had not read the plans by China's central bank governor for a "super-sovereign reserve currency" run by the International Monetary Fund, but nevertheless let slip that Washington was "open" to the idea. Whoops. This is how matters quickly escalate in geo-finance. China's suggestion – backed by Russia, Brazil, and India, and clearly aimed at breaking US dollar hegemony -- is making its way onto the agenda of the G20 Summit next week. 'Dollar-dammerung' no longer looks so far-fetched. China's paper, by Governor Zhou Xiaochuan, is couched in understated language -- more a 'thought experimen Alerts: "Stocks Build on Gains"

Stocks Build On Gains Street strides higher as Geithner talks regulation in Washington. To read full story please click HERE

GATA Dispatches: "Dollar Falls on Geither's openness to China proposal"

Submitted by cpowell on 02:26PM ET Wednesday, March 25, 2009. Section: Daily Dispatches By Oliver Biggadike and Ye XieBloomberg NewsWednesday, March 25, 2009 NEW YORK -- The dollar fell the most in almost a week against the euro on concern Treasury Secretary Timothy Geithner supported a Chinese plan to blunt demand among global central banks for the greenback. The U.S. currency pared losses after Geithner clarified comments on the International Monetary Fund's special drawing rights and said the dollar will remain the world's primary reserve currency "for a long period of time." "The dollar's having a bad week," said Jessica Hoversen, a foreign-exchange analyst in Chicago at MF Global Ltd., the world's largest broker of exchange-traded futures and options contracts. "Government policy is only as effective as the government is credible. Having a government official speak out of

GATA Dispatches:Treasuries fall amid doubts on demand, Failed UK bond Auction"

Submitted by cpowell on 01:59PM ET Wednesday, March 25, 2009. Section: Daily Dispatches By Dakin Campbell and Susanne WalkerBloomberg NewsWednesday, March 25, 2009 ...NEW YORK -- Treasury notes fell for a fifth day after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand. U.S. securities dropped even after the Federal Reserve today bought $7.5 billion of Treasury notes, its first targeted purchases of U.S. securities since the early 1960s. The five-year auction drew a yield of 1.849 percent. "This caught a lot of people unaware," said Bulent Baygun, head of interest-rate strategy in New York at BNP Paribas Securities Corp., one of the 16 primary dealers that are required to bid at Treasury auctions. "Prior to the auction the Fed conducted its purchases of Treasuries, which may have compressed inte

One video to explain it all…about charts

Dear readers: This is an extraordinary educational video about all you need to know ablout charts: After I did a post about MarketClub coming out with the new charts they were flooded with over 12,000 email and phone requests for more info! Yes 12,000! It’s clear that these new charts from MarketClub are really making an impact across our industry. So take time today and watch the video that explains every aspect of these new charts. It is worth your time as these charts will help you improve your knowledge in this trading…period! Watch an enjoy this video the video HERE . I’d also recommend checking out the rest of MarketClub and see the charts in action HERE . I do strongly recommend not to miss this video from Market Club, Fernando Guzmán Cavero

GATA Dispatches: "Bloomberg TV's lo interviews Murphy,plans gold suppression debate"

Submitted by cpowell on 03:59PM ET Tuesday, March 24, 2009. Section: Daily Dispatches 6:54p ET Tuesday, March 24, 2009Dear Friend of GATA and Gold:From their studio in Hong Kong, Bloomberg TV's Bernard Lo just interviewed GATA Chairman Bill Murphy, speaking from the Bloomberg studio in Dallas, for about 15 minutes on the "Morning Call" program on Bloomberg's Asia Pacific channel. Lo said he had invited Murphy "by popular demand," so we offer our thanks to the GATA army for its political agitation. And when Murphy told Lo that GATA's detractors refuse to debate the evidence of gold price suppression, Lo said he would invite Murphy back on the program for just such a debate. Throughout the interview Murphy stressed that the gold price suppression scheme is a matter of ordinary public record, not mere conspiracy theory.So it looks like a blow was struck for the good guys tonight, and that another may be forthcoming.Thanks to a friend, we hope to have a vide Alerts: "Wall Street gives up some ground after huge gains"

The insider trading is winning the battle not the bulls ... FGC BOLSA . To read more of Alert, click HERE

GATA Dispatches: "Falling dollar prompts BRIC to rethink dollar"

Submitted by cpowell on 07:13PM ET Monday, March 23, 2009. Section: Daily Dispatches By Sebastian Tong and Peter AppsReutersMonday, March 23, 2009 LONDON -- A push by the world's leading emerging economies to dislodge the dollar as the dominant global reserve currency appears to be gaining momentum even as a weakening greenback adds further urgency to the discussion.China on Monday added its voice to a growing international chorus seeking the replacement of the dollar as the main reserve currency, urging for an overhaul of the global monetary system to allow for wider use of Special Drawing Rights (SDRs) allocated by the International Monetary Fund (IMF).Chinese central bank chief Zhou Xiaochuan said the SDRs, created by the IMF as international reserve assets in 1965, could be used as a super-sovereign reserve currency, eventually displacing the dollar.His comments come a week after Russia said it would put forward a

MarketClub just launched new charts, you've got to see them

No one has better charts then these right now...period! Visit the link below to watch a video on how the charts work,Here are a few details: Flash based, automatically update with pricechanges,multiple time periods on one chart, easy to read prices and bars,MarketClub'sTrade Triangle signals, over 230,000 covered symbols, 23 differenttechnicalindicators, and oh yeah...THEY TALK TO YOU! Yes the charts literally tellyouwhat’s going on with the symbol you're looking at. VERY COOL! Take a few minutes and check out the MarketClub education page to watcht he charts in action: Do not miss it, y ou just have to click HERE Fernando Guzmán

Frank Field: I predict a riot

Frank Field declares to BBC Panorama, to watch it click HERE

Free Video Seminar: Jack Schwager: THE Market Wizard

For those of you who don’t know, Jack Schwager’s career could fill a 20-page resume. He’s done it all, and all signs point that he’s not anywhere close to stopping. Currently, Schwager is the executive director of the board of Fortune Group. He is also the senior portfolio manager for the Global Fund Analysis team at Fortune and the principal investment manager of the Market Wizard Funds. Schwager is probably best known for the many books he published in the 80s and 90s, which became classics in the financial community. With over 10 titles to his name, Schwager’s books were well received and continue to sell as timeless guides to financial success.His titles include: Stock Market Wizards: Interviews with America’s Top Stock Traders (2003)Market Wizards: Interviews with Top Traders (2006)Wall Street Stories: Introduction by Jack Schwager (2008) The Market Wizard series allows individual traders to look over the shoulder of some of the world’s most successful traders, investors and CEO

GATA Dispatches:"Chinese central bankers sketches plan for new reserve currency."

Submitted by cpowell on 04:44AM ET Monday, March 23, 2009. Section: Daily Dispatches By Alan WheatleyReutersMonday, March 23, 2009 BEIJING -- China's central bank chief on Monday proposed a sweeping overhaul of the global monetary system, outlining how the dollar could eventually be replaced as the world's main reserve currency by the Special Drawing Right.The SDR is an international reserve asset created by the International Monetary Fund in 1969 that has the potential to act as a super-sovereign reserve currency, Zhou Xiaochuan, governor of the People's Bank of China, said in remarks published on Monday on the bank's website, ."The role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system," Zhou said.Zhou did not refer dire

GATA Dispatches: "here comes another trillion to rescue busted banks

Submitted by cpowell on 12:34PM ET Sunday, March 22, 2009. Section: Daily Dispatches Treasury's Toxic Asset Plan Could Cost $1 TrillionBy Martin CrutsingerAssociated Pressvia Yahoo NewsSunday, March 22, 2009 WASHINGTON -- The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks' books.The plan that Treasury Secretary Timothy Geithner intends to announce Monday aims to use the resources of the $700 billion bank bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp.The initiative will seek to entice private investors, including big hedge funds, to participate by offering billions of dollars in low-interest loans to finance the purchases and also sharing risks if the assets fall further in value.When Geithner r

OECD Says World Economy to Shrink

OECD head Angel Gurria believes the world economy will shrink this year The head of the Organisation for Economic Cooperation (OECD) has said that the world economy is likely to shrink this year. To read full article, click HERE

GATA Dispatches: "Own gold,the metal, not paper promise, by John Embry"

Submitted by cpowell on 01:07PM ET Friday, March 20, 2009. Section: Daily Dispatches 4p ET Friday, March 20, 2009Dear Friend of GATA and Gold:In his latest commentary for Investor's Digest of Canada, Sprott Asset Management's chief investment strategist, John Embry, notes the failure of the supposed massive gold purchases by exchanged-traded funds to affect the gold price much. He wonders: Since mine production is declining, where is the ETF gold coming from? And since the custodians of the ETF gold are also the perpetrators of the gold price suppression scheme, is the ETF gold really there at all?Better to hold real metal in one's hot little hands than paper promises of metal, Embry writes, and that's where the headline on his essay comes from. It's "Own Gold, the Metal, Not a Paper Promise," and you can find it at the Sprott Internet site here: * * * Join GATA here:Bahamas Investment ConferenceThursda Alerts "Stocks Down After Bernanke Remarks"

This is a transcript of the Market Update: Afternoon video report. To read full story, click HERE Alerts "Stocks fall, endangering week of gains"

Stocks fall, endangering second week of gains. To read full story, click HERE Alerts "Bank stocks Slump..."

Bank stocks slump as asset concerns resurface. To read full story, click HERE

Two Markets…Two Directions (S&P and Crude Oil)

Adam Hewison had set us two great videos read him below: In our new video we are going to be looking at two different markets that are headed in two different directions. We recently looked at the equity markets and alerted you to some very important levels that we thought the markets would have problems with. Those levels have now been reached and it remains to be seen if we are going to see the kind of market action that we were looking for. To watch the video , click HERE The second market were looking at is the crude oil market. This market has recently come alive to the upside and bear watching. This is a short video, but it may contain the blueprint for these two markets. No registration is required to watch this video. To watch the video, please click HERE Enjoy, Adam Hewison President of Co-creator of

BBC WORLD NEWS: "Fed pumps $1.2tn into US economy "

Fed pumps $1.2tn into US economy US rates are expected to remain low for some time The US Federal Reserve says it will buy almost $1.2 trillion (£843bn) worth of debt to help boost lending and promote economic recovery. To read full story, click HERE

BBC MUNDO "La FED bombea dinero"

Redacción BBC Mundo Con estas medidas la Fed pretende bajar las tasas de interés de los préstamos. La Reserva Federal de Estados Unidos anunció que comprará bonos del Tesoro de largo plazo por valor de hasta US$300.000 millones en los próximos seis meses y que ampliará las compras de deuda respaldada por hipotecas para sostener el mercado de crédito y promover la recuperación de la economía. Para leer el artículo completo,haga un click AQUÍ

Chaos and market maniputation continue.- By: Fernando Guzmán Cavero

Today, silver lost 20 cents closing at US$ 12.10, the same occurred with gold, which lost 26 dollars, closing at 890. Later on and off trading hours prices began to recover their loss, after the FED announced it was going to buy long term Treasury Bonds for the unthinkable amount of US$ 300 billion in. Who knew this in advance of the announcement and bought gold at approximately its lower price in the past couple of months, in the last week. Isn’t this symptomatic that after three days of continues drop of gold and silver prices , the Treasury announced this new measure, not surprising, but indeed annoyance of the lack of ethical behavior. After all bail-outs to to help the banking and financial sector, stop the economic recession to become a depresion; the economic chaos remains immutable.. but in the last three days the bulls were winning the battle. Is that true? Is not true that most of the newspapers and specialized magazines jumped into the boat, with lots of holes to be fixed s

Mining Interactive: " From the desk of Nick Nicolaas"

Gold & Silver prices, news and commentary , from the desk of Nick Nicolaas: , for a full information ,click HERE

Investment firm buys 11 % stake in Anglo Gold Ashanti

Submitted by cpowell on 07:41PM ET Tuesday, March 17, 2009. Section: Daily Dispatches By Saijel Kishan and Thomas BiesheuvelBloomberg NewsTuesday, March 17, 2009 Paulson & Co., the New York-based investment firm run by John Paulson, bought a stake in AngloGold Ashanti Ltd. from Anglo American Plc for $1.28 billion as hedge funds increase their gold holdings. Paulson paid $32 a share for the 11.3 percent stake in the Johannesburg-based gold miner, Anglo American said today in a statement. The purchase makes Paulson the company's second- largest shareholder, according to data compiled by Bloomberg. "We believe AngloGold Ashanti is one of the best managed and undervalued of the major global gold-mining companies," Paulson said in an e-mailed statement. "We look forward to the implementation of their global expansion strategy." Hedge funds are turning to gold to mitigate potential inflation as

GATA Dispatches: " Crisis Changes Central Bank reserve management"

Submitted by cpowell on 07:30PM ET Tuesday, March 17, 2009. Section: Daily Dispatches By Jamie McGeeverReutersTuesday, March 17, 2009 LONDON -- Global financial turmoil has had a "major" impact on the reserve management policies of two thirds of central banks and almost all are rethinking diversification tactics, a survey showed on Wednesday.The survey of 39 central banks who control reserve assets worth $3.2 trillion, just under 42 percent of the world's total, showed reserve managers were much more conservative and cautious last year than a year earlier.Reserve managers expressed "great concern" about credit and liquidity risks, with over two thirds of respondents saying they experienced bouts of illiquidity in even the major bond markets.Over 90 percent of respondents to the survey conducted by Central Banking Publications said they have been forced to reassess counterparty risk and most said the hunt Capiltalismblog

You will find interesting articles from Capitalismblog: "Reform the architechture of regulation", by Henry Paulson, "Let fairness triumph over corporate profits", by Trevor Manuel, "Capitalism needs a revived Glass-Steagall and much more to read and subscribe to the Financial Times, clicK HERE Alerts: AIG disclosures fuel calls for more transparency

AIG disclosures fuel calls for more transparency: To read full story click HERE

CNBC- Behind the Money: Financial Investors living in a land of confusion,by John Melloy

There's too many men... Too many people.... Making too many problems... And not much love to go round. Can't you see this a land of confusion. - GENESIS This is how John Moley begins his refletion. To read full story click HERE

Today's Crisis is a Photograph of the crash of 29, By Fernando Guzmán Cavero

Today’s Crisis is a Photograph of the crash of 29: By Fernando Guzmán Cavero Today’s Crisis is a Photograph of the crash of 29: By Fernando Guzmán Cavero Why of the current economic and financial crisis? The crash in the global economy is now mired, without having a clear picture of the magnitude of the consequences, whose roots are exactly the same as the crisis of 29: the lack of state real control to avoid designed schemes to inflate the prices of securities listed in the New York Stock Exchange,plus a lack of supervision of commercial banks credit among others. Since that experience, the USA started to search an answer to explain the crisis and began to re-think about the limits the free enterprise economic system should have. Something must be done to prevent abuses the imperfect markets have, was one voice; and mostly heard from those responsible of the development of the crisis. The following step , was to begin establishing a series of controlling norms with the purpose pr Alerts "Us Banks rally, lead Wall Street higher"

US bank stocks rally, lead Wall Street higher: For a full full coverage of the story, click HERE

GATA Dispatches " Russia wants new international reserve currency"

Russia wants new international reserve currency: Submitted by cpowell on 08:22AM ET Monday, March 16, 2009. Section: Daily Dispatches Russia Proposes Macro-economic, Budget Standards to G-20From Russian News and Information AgencyRIA Novosti, MoscowMonday, March 16, 2009 MOSCOW -- Russia has proposed that compulsory international standards for macro-economic and budget policy be adopted in a new document to the G-20 addressing the global financial crisis, the Kremlin website said on Monday. "It is necessary to work out and adopt internationally recognized standards for macro-economic and budget policy, which are binding for the leading world economies, including the countries issuing reserve currencies," the Kremlin proposals read. The G-20 summit, involving advanced and emerging economies and international financial institutions, will be held in London on April 2 and will discuss the international community's efforts to

Bear market rally...or serious reversal?

Adam Hewison gives us a great insight perspective about three major markets (Dow, Nasdaq and S& P) potential reversal on its present downtrend. Using the Fibonacci Retracement method for these market indexes, he makes it clear, that the market had not made a major reversal.. We better watch Adam's technical approach, Click HERE Alerts: "Wall Street Opens Higher"

Wall Street opens higher, building on 4-day rally. To read full story, click HERE Alerts " Bernanke says recession could end en 2009

Bernanke says recesssion could end in 2009: To read full story please click HERE

GATA Dispatches: "James Turk: Extraordinary stress in the silver market"

James Turk: Extraordinary stress in the silver market Submitted by cpowell on 06:13PM ET Sunday, March 15, 2009. Section: Daily Dispatches 9:05p ET Sunday, March 15, 2009Dear Friend of GATA and Gold (and Silver):GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, reports tonight that the silver market has been in backwardation for 38 days, which he believes is unprecedented and signifies enormous stress in the market -- a serious shortage.Backwardation is when material for immediate delivery is priced higher than material for later delivery, often because buyers doubt that the material can be delivered later. Turk writes: "Rumors abound in London in particular about the shorts being late in meeting deliveries. So the present backwardation is not surprising. It is in effect a confirmation of these rumors, but it also shows that promises to deliver are being increasingly doubted. In other words, people who hold physical silver