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Aug 31, 2009

MININGNTERACTIVE






MAWSON RESOURCES LTD.


MAWSON PLANS DRILLING AT 4 URANIUM PROSPECTS AT HOTAGEN, SWEDEN


Four hundred (400) shallow diamond drill holes are proposed to test bedrock for strike extensions of uranium mineralization at known prospects beneath thin soil cover. The drill program is planned to commence in early December 2009.

States Michael Hudson, Mawson President & CEO
“Mawson’s geological team have been busy collecting and interpreting detailed new information from the Hotagen uranium district, enabling us to prioritize the most high prospective sites from 21 separate project areas that have already been defined. We are extremely positive about the prospectivity of this region and look forward to drill testing these four projects to maintain the momentum of discovery in this exciting area.”


View Mawson News Release


Dear Friends:

Now “let’s see what Mawson has in store for us in September”?

As I said before, “this Mawson Train will be leaving the station and those investors on board when it departs will be in for an exciting ride.”

Stay Closely Tuned!!!


Regards,

Nick L. Nicolaas

Mining Interactive "Ahead of the Pack"



Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland.

As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.


Spain, Don Benito Mine in 1982

MiningInteractive Videos

Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.


Mining Interactive Web Site

Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com
OR Tom Corcoran
(604) 569-0800
tomc@mininginteractive.co

Ron Paul: Fed's autonomy is coming to an end

The Fed's Interesting Week

By U.S. Rep. Ron Paul
Monday, August 31, 2009

http://www.house.gov/htbin/blog_inc?BLOG,tx14_paul,blog,999,All,Item%20n...

It has been an interesting week indeed for the Federal Reserve.

First it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January, signaling a vote of confidence in him.

Bernanke seems to be popular with the administration and with Wall Street, and with good reason. His lending policies have left big banks flush with newly created cash that covers up old mistakes and allows for new ones. By buying up mountains of Treasury debt he has also enabled spending to soar to ridiculous levels that should startle any responsible economist, and scare any American concerned about the value of the dollar.

However, these highly sensitive decisions about our money are not made by economists -- they are made by politicians. Bernanke, like most of his predecessors, is the politician's best friend. But there is no reason to believe that any other central planner would behave any differently, considering the immense political pressure on the Fed.

Fed policies have been as bad for the economy as they are good for politicians and bankers, as the recently released numbers on the debt and deficit demonstrate. For the first time since World War II the annual budget deficit is projected to be over 11 percent of the nation’s gross domestic product. It is also projected that by 2019 the national debt will be 68 percent of Gross Domestic Product. Our path, if unchanged, is completely untenable.

The administration claims that it inherited a dire situation from the last administration, which is absolutely true. But that hasn’t stopped them from accepting all the policies and premises that got us here, and accelerating those policies to rapidly make a bad situation much worse.

The bailouts started with the last administration. They have gotten bigger with this one.

The last administration gave us expanded government involvement in healthcare with a new prescription drug benefit. This administration gave us a renewal and expansion of SCHIP, and now the current healthcare takeover attempts. We can afford none of this, but shady monetary policy allows Washington to continue along its merry way, aggravating all our economic problems.

Not everyone in government finds it acceptable that the Fed wields so much power and privilege in secrecy.

Last week a federal judge ruled against Fed secrecy, compelling the Fed to release under the Freedom of Information Act information regarding which banks received emergency loans, and under what terms. The Fed will, of course do everything in its power to fight this ruling and it is certainly not the last word on the issue. Still, it is encouraging to see that the interests of the taxpayers were defended victoriously in court, while the Fed sees only the plight of its big banker friends.

Meanwhile HR 1207 and S604, legislation to open up the Fed's books to a complete audit, continue to gain momentum in Congress as the people continue to insist on real transparency of the Federal Reserve.

One way or another, the days of Fed autonomy are coming to an end, as well they should. No one should have the power to debauch the currency and gut the economy as they do. It is time that the Fed answered for its actions, so the people can understand that we truly are better off with freedom instead of Fed tyranny.

* * *

Join GATA here:

The Silver Summit 2009
Thursday-Friday, September 24-25, 2009
Davenport Hotel, Spokane, Washington
http://thesilversummit.com

Toronto Resource Investment Conference
Saturday-Sunday, September 26-27, 2009
Intercontinental Hotel, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.html

New Orleans Investment Conference
Thursday-Sunday, October 8-11, 2009
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://guest.cvent.com/EVENTS/Info/Custom.aspx?cid=21&e=a65db79c-b415-4b...

* * *

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

* * *

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

Market Watch: Whatever September holds, it's just one month

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

The market has come a long way off its March 9 lows and nowhere is that more true than in the small-cap arena, which has seen a 70% gain in just under six months. That raises the question for many investors about just how much higher the market can go, if at all, before a major correctionsets in.

You might be inclined to back off equities for a time, especially cutting your allocation to small-cap stocks, if you are heeding the warnings. The problem for many investors is that they have missed a lot of the bull run since for most of the year they have been busy shifting assets away from stocks and into bonds, spooked by the collapse that occurred after August 2008.

Such behavior is not uncommon among Main Street investors, who tend to sell long past peaks and buy back in well after rallies are underway. That's why studies show those who try to time the markets, as you might be tempted to do now, lose out in the long run to those with a longer-term perspective.

That's not to say taking some profits off the small-cap table, if you have them, is a bad idea. Just make sure you do it to fit your overall asset-allocation strategy and not because it is the pundit-of-the-moment play.

-- Steve Kerch, assistant managing editor/personal finance

INVESTING

Small-caps soar, but go-go days may be gone

Sticking with small-cap stocks in this year's market rally has paid off big. Since the market's March 9 low, smaller U.S. stocks have gained 70% on average, topping their midcap and large-cap counterparts. But as the U.S. economy regains its footing, some analysts are warning investors not to expect small stocks to continue to churn out powerful gains -- as they did in the last recovery, in 2003 and 2004.
See Weekend Investor.


Mutual-fund shareholders should protest unfair taxation

If you're among the millions of investors who own mutual funds in taxable accounts -- and, therefore, have been unfairly taxed on the funds' annual distributions of long-term capital gains -- you now have what may be your most timely opportunity in years for relief. It is a small chance, to be sure, but it is a chance.
See Outside the Box.


Investors brace for September correction

After a powerful rally in stocks from their March lows, nervous investors are positioning for a September sell-off -- something that many say is overdue.
See full story.


Yes, there's even a risk in Treasurys

If you or a member of your family has a lot of money invested in bond funds, you should hear what Thomas Atteberry has to say.
See Brett Arends.


Playing it safe can hurt returns

Investors in 401(k)s are reacting to down days in the stock market by plowing money into conservative investments, such as stable-value funds, recent data show.
See full story.


Why investors need to see the light and slow down

The Dow Jones Industrial Average is up 46% since March 9, when the world itself seemed to be coming to an end. In the entire 113-year history of the Dow, only six rebounds have been bigger and faster. But the swiftness and magnitude of this bounce-back aren't reasons to be cheerful; they are reasons to be cautious.
See Jason Zweig.


Lessons of the financial crisis one year later

The numbers hardly tell the story. Today, the Dow Jones Industrial Average stands roughly 2000 points below where it was on this end-of-summer weekend one year ago. No one knew then, of course, but the U.S. stock market and the world economy were just days from historic calamity, unprecedented in the lives of anyone born in the last 80 years. And today? We are nearly six months into one of the most impressive bull markets in memory; the Dow has risen 46% since early March. The Nasdaq Composite Index is up 60%. Go figure. It's been a year of horrors and opportunities for investors.
See full story.


FAMILY FINANCE

Prepaid debit card for teens is money well-spent

At some point, parents have to let their teenage children take the wheel, trusting that they'll make responsible decisions on the road. The financial road, that is.
See Jonathan Burton's Life Savings.


Take advantage of a new wrinkle in 529 college savings plans

A key change in 529 college savings plans should serve as a cue for millions of college savers to review their holdings -- and maybe find a new place to stash their future tuition payments.
See Chuck Jaffe.


AUTOMOBILES

2010 Hyundai Genesis Coupe 2.0T: Nothing but fun

It is very seldom that one can instantly feel right at home in a car, as if you have been driving it for years. Such was the case with the Hyundai Coupe. The last time I felt that way was behind the wheel of a Ferrari F430, which sells for a few lire more.
See Auto Review.


REAL ESTATE

Low mortgage rates are back -- for the moment

If you missed out on refinancing your mortgage last spring, here's another opportunity.
See Brett Arends.


Better to buy or rent?

With housing prices down significantly in many parts of the country and interest rates low, it may be an affordable time for twentysomethings to buy that first home.
See full story.

Forbes.com: The Bear Market is Over: By ken Fisher

Money market cash, in comparison with the value of all stocks, is twice what it was in 1982.

To read full story, click : http://www.forbes.com/forbes/2009/0824/finances-bear-market-is-over-portfolio-strategy.html?partner=ken_fisher_newsletter

Aug 29, 2009

Coming Commercial Real Estate Collaspe- NOTHING can prevent NEXT real estate crash?!?!

MarketWatch
Personal Finance Daily
AUGUST 29, 2009

The week's top Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Aug. 24-28:

How a CHAT can forge health-reform consensus

What is health care, and how much of it should be covered by communal dollars in a private or public health plan? Contrary to the shouting matches that broke out in some town-hall meetings earlier this month, Americans tend to be circumspect when considering what health insurance should cover in a basic plan, especially when they're engaged in a meaningful discussion of the trade-offs, health-policy experts say.
See Vital Signs.


Contribution limits for 401(k)s and other plans may decrease next year

It's starting to seem like retirees and those saving for retirement can't catch a break. First comes news that there won't be any cost-of-living increase for Social Security beneficiaries in 2010. Next we learn that beer prices are rising. And now we find that the maximum amount that you're allowed to contribute to your retirement plans may decrease next year.
See Robert Powell.


How to escape foreclosure in the face of a layoff

Few words sting like the ones that inform you that you're being laid off -- especially today, with jobs so hard to come by. If you're a homeowner, the blow of a job loss can be even worse.
See full story.


How to deal with a cut to your home-equity line

I believe that I have a viable claim against a lender for wrongful suspension of my home-equity loan. Please let me know if you can recommend a competent attorney who regularly handles these types of consumer cases.
See Realty Q&A.


New credit scoring model may boost some borrowers' scores

Even the most responsible borrowers slip up sometimes. Maybe a utility bill went unpaid after you moved and the missed payment went into collections. Or, perhaps there are unpaid library fines or parking tickets in collections that are hanging onto your credit history and affecting your FICO credit score, which is widely used by lenders to evaluate your ability to repay a debt.
See full story.


Regulatory rumblings hit commodity ETFs, ETNs

Exchange-traded funds and notes that give investors exposure to commodities-futures markets have come under fire from regulators, forcing investment managers to take unusual steps to prepare for a potential crackdown on position limits.
See ETF Investing.


Citi makes progress on foreclosure prevention

Citigroup helped 108,000 mortgage holders avoid foreclosure in the second quarter, a nearly 30% increase over the volume of borrowers it helped in the first quarter, the company said Tuesday.
See full story.


Dismantle Bernanke's 'Happy Conspiracy' ... now!

At last week's annual Jackson Hole meeting of Fed execs, Boss Ben Bernanke's braggadocio about saving the world from another Great Depression had the feel of an egomaniacal dictator trying to cement his legacy in history.
See Paul B. Farrell.


Getting a fair credit-card deal? Priceless

Lisa in Boston is at wit's end. A few years back, she consolidated all of her outstanding debts -- including her remaining student loans -- onto a low-rate credit card that promised a rate of roughly 5% for the life of the loan.
See Chuck Jaffe.


Consumers can't yet count on companies to protect their data from identity theft

It happens all the time: You swipe a credit card to buy a new pair of jeans, pay for a fancy dinner or withdraw some cash. Each time a transaction occurs, a flurry of digits and codes moves from one location to another. And each time, you're putting your financial data in jeopardy.
See full story.


See the week's Top 10 news and analysis stories.

Get the latest news on our mobile site: http://www.marketwatch.com/m

NFA Bars Boca Raton Firm, Pioneer Commodities LLC

For Immediate Release

For More Information Contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA bars Boca Raton firm, Pioneer Commodities LLC for misrepresentations

August 28, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Pioneer Commodities LLC (Pioneer), an Introducing Broker located in Boca Raton, Florida. Pioneer's principal, Anthony S. Bobba, has been barred from NFA membership for a period of 24 months and from acting as a principal of an NFA Member for a period of 36 months. Bobba must pay a fine of $25,000 in the event that he reapplies for NFA membership after the 24 month bar. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in March 2009 and a settlement offer submitted by Pioneer and Bobba.

The Panel found that Pioneer and Bobba made misrepresentations to the Series 3 Examination testing service by requesting additional time for several of Pioneer's prospective associated persons (APs) to take the Series 3 Exam on the purported ground that English was not the primary language of these prospective APs. In truth, English was the primary language of many of these prospective APs. The Panel also found that Pioneer and Bobba failed to adequately supervise the firm's Series 3 training and the individual who provided the training. Pioneer and Bobba claimed that they simply accepted the trainer's word that English was not the primary language of the prospective APs for whom additional time was requested. The Series 3 is a proficiency exam that all individuals seeking NFA membership or registration as an AP must pass.

The complete text of the Complaint and Decision can be found on NFA's website (www.nfa.futures.org)

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.


Aug 28, 2009

From the Desk of Nick Nicolaas


As every Friday our friend Nick Nicolaas has sent us Adam Hamilton weekly Intelligence Newsletter on the Mining Interactive Website.The transcript of his email is lines below. Do not miss to read this outstanding report.

FERNANDO GUZMÁN CAVERO

FGC BOLSA - FGC FINANCIAL MARKETS






Dear Friends:

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


http://www.mininginteractive.com/releases/zeal/zeal20090828.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

FORBES.COM FINANCIAL NEWSLETTER AUGUST 28, 2009

Five Price-Momentum Plays
Andrea D. Murphy
These five stocks have surged but still look cheap, relative to history.

Feeling Bullish About Dell
Andrew Wilkinson, Interactive Brokers
Options traders are confident that Dell can hang on to recent gains and steam even higher in the next month and a half.

Make Lots Of Printed Money With Barrick
John Dobosz
If the gold bull market unfolds the way the one did 30 years ago, the metal gets much more expensive. Ride the bull with Barrick.

Dreamliner Gives Boeing Lift
Paul Rubillo and Tom Reese
The aerospace and defense outfit vows to get its latest jet airplane into a test flight by year end. The stock is a buy.

Making Ends Meet On Campus
Anna Vander Broek
Real college students share their financial concerns.

Forbes Magazine Special Offer!
Forbes.com Newsletter readers receive a Free Trial Issue of Forbes... no risk... no obligation!

If you decide to subscribe to Forbes, you can do so at special introductory savings, and get 25 more issues - 26 in all - for just $1.15 a copy. You save 77% off the $4.99 newsstand price. If you decide Forbes is not for you, simply write cancel on the invoice you receive and return it. The FREE issue is yours to keep with our compliments.

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Economis.com:"New or updated articles August 28th 2009 "

Click Here!





Blowing a hole in the political landscape
The prime minister's political career is the latest casualty of the upsurge in violence
Full article

President Ma’s imperfect storm
A planned visit by the Dalai Lama to Taiwan upsets China
Full article

More votes than voters
Gloom descends after a deeply flawed election in Afghanistan
Full article

Effective tax rates
How much tax are you paying?
Full article

Be gentle with Ben
America's Federal Reserve is not very popular
Full article

Trade surprises
Romania's trade deficit has shrunk
Full article

Avoiding recession
The economy of the Philippines is starting, just, to recover
Full article

Sticks and stones
Russia needs to play nice
Full article

Machines in control
How real is the threat of autonomous technology?
Full article


Click Here!

Click Here!



Real World Investing 101 – Lecture #1

August 27, 2009

Inaugural Lecture

by

Dr. Michael Berry
(Author of Morning Notes)

Dear Friends:

After many brain storming discussion sessions with my friend Dr. Michael Berry we came to the realization that ‘real world’ investing at universities, colleges and high-schools was not being taught. There is a real need for timely courses in ‘Real World Investing 101’ to assist students, when they enter the workforce and start investing their hard earned money. After all maintaining wealth and wealth creation especially, ‘in these troubling times’ is a daunting proposition, to say the least.

Dr. Berry and Mining Interactive have set out to remedy this and try and fill the vacuum with this inaugural lecture to be followed by future lectures in our series of Real World Investing 101.

We established Mining Interactive University (MIU) and will present ongoing lectures by free-thinking individuals who have clarity of thought and vision but who base their opinions on thorough research, critical thinking, and fact-based analysis. This way, it is our hope, that with the Real World Investing 101 series of balanced lectures we will be able to assist university, college and high-school students alike with some real world investment knowledge before they enter their post-graduate lives.

Dr Berry as a university professor taught investing and corporate investment and then cut his teeth on real world of investing on Wall street. The writer has an extensive and broad business background. Together we decided that certain investing disciplines would be the solid foundation from which students would be able to get a firm leash on their investment lives. Additionally the lectures should not only cover natural resources such as mining and oil & gas but also other investments, such as high technology and biotech.

So, friends and potential new student friends I would like to introduce our first lecturer Dr. Michael Berry, a pioneer in the emerging field of “discovery investing”.

Click here for Dr. Berry’s lecture


Regards from Vancouver and as always - - Stay Tuned!!


Regards,

Nick L. Nicolaas

Aug 27, 2009

T H U R S D A Y M O R N I N G E X T R E M E M A R K E T S A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:

Thursday, August 27, 2009

8:30 AM ET. Aug 22 Jobless Claims

Weekly Jobless Claims (expected 565K; previous 576K)

Weekly Jobless Claims Net Change (expected -11K; previous +15K)

Continuing Jobless Claims (previous 6241000)

Continuing Jobless Claims Net Change (previous +2K)

8:30 AM ET. 2 Quarter GDP, prelim

GDP 1st Estimate (expected -1.5%; previous -1%)

Chain-Weighted Price Index (expected +0.2%; previous +0.2%)

PCE Price Index (previous +1.3%)

10:00 AM ET. Aug 17 DJ-BTMU Econ Barometer

DJ-BTMU Business Barometer (previous -0.2%)

DJ-BTMU Business Barometer (52 Wk) (previous -9.6%)

10:30 AM ET. Aug 17 EIA National Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 3204)

Total Working Gas in Storage (Net Change) (previous +52)

11:00 AM ET. Aug Kansas City Fed Mfg Index

Manufacturing Activity Index (previous 2)

Manufacturing Activity Index (6 Mon) (previous 10)

4:30 PM ET. Aug 17 Money Supply

4:30 PM ET. Aug 26 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 29.94B)

Primary Credit Borrowings W/E Daily Avg. (previous 30.7B)

Primary Dealer Borrowings (previous 0)

Primary Dealer Borrowings W/E Daily Avg. (previous 0)

Discount Window Borrowings (previous 106.29B)

Discount Window Borrowings W/E Daily Avg. (previous 107.14B)

4:30 PM ET. Aug 26 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.82T)

US Foreign Agency Holdings (previous 784.99B)

Foreign Treasury Holdings (previous 2.03T)

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

The September NASDAQ 100 was lower overnight due to profit taking as it extends this week's
trading range. Stochastics and the RSI are diverging but remain neutral to bullish signaling that
sideways to higher prices are possible near-term. If September extends the rally off last Monday's
low, the 75% retracement level of the 2008-2009-decline crossing at 1761.87 is the next upside
target. Closes below last Monday's low crossing at 1561.25 would confirm that a short-term top
has been posted. First resistance is Tuesday's high crossing at 1655.50. Second resistance is the
75% retracement level of the 2008-2009-decline crossing at 1761.87. First support is the 10-day
moving average crossing at 1615.70. Second resistance is last Monday's low crossing at 1561.25.
The September NASDAQ 100 was down 3.00 pts. at 1633.50 as of 5:55 AM CST. Overnight
action sets the stage for a steady to lower opening by September NASDAQ 100 when the day
session begins later this morning.

The September S&P 500 index was steady to slightly lower due to light profit taking overnight as
it extends this week's trading range. Stochastics and the RSI are neutral to bullish but diverging
hinting that a short-term top might be in or is near. If September extends this rally, the 38%
retracement level of the 2008-2009-decline crossing at 1044.11 is the next upside target. Closes
below last Monday's low crossing at 975.80 would confirm that a short-term top has been posted.
First resistance is Tuesday's high crossing at 1037.00. Second resistance is the 38% retracement
level of the 2008-2009-decline crossing at 1044.11. First support is the 10-day moving average
crossing at 1010.27. Second support is the 20-day moving average crossing at 1005.53. The
September S&P 500 Index was down 2.20 pts. at 1024.60 as of 5:56 AM CST. Overnight action
sets the stage for a steady to lower opening by the September S&P 500 index when the day session
begins later this morning.


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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

September T-bonds were mostly steady overnight as it consolidates some of the rally off Monday's
low. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-
term. If September extends this week's rally, July's high crossing at 121-15 is the next upside
target. Closes below the 20-day moving average crossing at 118-14 would confirm that a short-
term low has been posted. First resistance is the overnight high crossing at 121-07. Second
resistance is July's high crossing at 121-15. First support is the 10-day moving average crossing at
119-27. Second support is the 20-day moving average crossing at 118-14.
ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

October crude oil was lower overnight as it extends the decline off Tuesday's high. Stochastics and
the RSI have turned bearish signaling that sideways to lower prices are possible near-term. If
October extends this week's decline, last Monday's low crossing at 67.42 is the next downside
target. Closes below last Monday's low would confirm that a top has been posted. If October
renews the rally off last week's low, June's high crossing at 75.27 is the next upside target. First
resistance is Tuesday's high crossing at 75.00. Second resistance is June's high crossing at 75.27.
First support is Wednesday's low crossing at 70.67. Second support is last week's low crossing at
67.42.

September heating oil was lower overnight as it extends the decline off Tuesday's high. Stochastics
and the RSI have turned bearish signaling that sideways to lower prices are possible near-term.
Closes below last Monday's low crossing at 178.40 are needed to confirm that a short-term top has
been posted. If September renews the rally off last week's low, the reaction high crossing at 197.38
is the next upside target. First resistance is Monday's high crossing at 193.82. Second resistance is
this month's high crossing at 197.38. First support is Wednesday's low crossing at 181.68. Second
support is last week's low crossing at 178.40.

September unleaded gas was lower overnight as it extends Wednesday's decline below the 10-day
moving average crossing at 199.10. Stochastics and the RSI are turning bearish signaling that
sideways to lower prices are possible near-term. Closes below last Monday's low crossing at
188.65 are needed to confirm that a short-term top has been posted. If September extends the rally
off last week's low, the reaction high crossing at 208.55 is the next upside target. First resistance is
Tuesday's high crossing at 206.24. Second resistance is this month's high crossing at 208.55. First
support is last Monday's low crossing at 188.65. Second support is Wednesday's low crossing at
184.32.

September Henry natural gas was lower overnight as it extends this week's trading range.
Stochastics and the RSI are oversold but are turning bullish hinting that a short-term low might be
in or is near. Closes above the 20-day moving average crossing at 3.352 are needed to confirm that
a short-term low has been posted. If September renews this month's decline, weekly support
crossing at 2.640 is the next downside target. First resistance is the 10-day moving average
crossing at 2.992. Second resistance is the 20-day moving average crossing at 3.352. First support
is Monday's low crossing at 2.726. Second support is weekly support crossing at 2.640.

CURRENCIES

The September Dollar was lower overnight as it consolidates some of Wednesday's rally.
Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible
near-term. Closes above Wednesday's high crossing at 78.95 would open the door for a possible
test of this month's high crossing at 79.69. If September renews last week's decline, the reaction
low crossing at 77.52 is the next downside target. Closes below the reaction low crossing at 77.52
are needed to renew this summer's decline. First resistance is Wednesday's high crossing at 78.95.
Second resistance is this month's high crossing at 79.69. First support is last Friday's low crossing
at 77.81. Second support is this month's low crossing at 77.52.

The September Euro was higher due to short covering overnight, as it consolidates some of
Wednesday's decline. Stochastics and the RSI remain neutral to bullish signaling that sideways to
higher prices are possible near-term. If September renews last week's rally, this month's high
crossing at 144.490 is the next upside target. Closes above this month's high crossing at 144.490
are needed to renew this summer's rally and would open the door for a possible test of the 75%
retracement level of the 2008-2009-decline crossing at 148.680. Closes below Wednesday's low
crossing at 142.060 would confirm that a short-term top has been posted while opening the door
for additional weakness near-term. First resistance is last Friday's high crossing at 143.780.
Second resistance is this month's high crossing at 144.490. First support is Wednesday's low
crossing at 142.060. Second support is last Monday's low crossing at 140.450.

The September British Pound was lower overnight as it extends this week's decline. Stochastics
and the RSI are bearish signaling sideways to lower prices are possible near-term. If September
extends this month's decline, July's low crossing at 1.5981 is the next downside target. Closes
above the 20-day moving average crossing at 1.6554 would temper the near-term bearish outlook.
First resistance is the 10-day moving average crossing at 1.6409. Second resistance is the 20-day
moving average crossing at 1.6554. First support is Wednesday's low crossing at 1.6159. Second
support is July's low crossing at 1.5981.

The September Swiss Franc was higher due to short covering overnight as it consolidates some of
Wednesday's decline. Stochastics and the RSI are turning bearish signaling that sideways to lower
prices are possible near-term. Closes below the 20-day moving average crossing at .9354 would
confirm that a short-term top has been posted. If September extends this rally, the 75% retracement
level of the 2008-2009-decline crossing at .9590 is the next upside target. First resistance is last
Friday's high crossing at .9487. Second resistance is the 75% retracement level of the 2008-2009-
decline crossing at .9590. First support is the 20-day moving average crossing at .9354. Second
support is Wednesday's low crossing at .9330.

The September Canadian Dollar was higher due to short covering overnight as it consolidates some
of Wednesday's decline but remains below the 10-day moving average crossing at 91.46.
Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible
near-term. Closes below last week's low crossing at 89.87 are needed to confirm that a short-term
top has been posted. If September renews the rally off last week's low, this month's high crossing
at 94.08 is the next upside target. First resistance is the 10-day moving average crossing at 91.46.
Second resistance is the 20-day moving average crossing at 91.95. First support is Wednesday's
low crossing at 90.89. Second support is last week's low crossing at 89.87.

The September Japanese Yen was higher overnight as it extends the rally off this month's low.
Stochastics and the RSI are overbought, diverging but are neutral to bullish signaling that sideways
to higher prices are possible. If September extends this month's rally, the reaction high crossing at
.10747 is the next upside target. Closes below the 20-day moving average crossing at .10527
would temper the near-term friendly outlook in the market. First resistance is the overnight high
crossing at .10712. Second resistance is the reaction high crossing at .10747. First support is the
20-day moving average crossing at .10527. Second support is Monday's low crossing at .10520.

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October gold was slightly higher in quiet overnight trading. Stochastics and the RSI are neutral to
bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction
high crossing at 962.00 are needed to confirm that a short-term low has been posted. If October
renews last Monday's decline, the reaction low crossing at 926.50 is the next downside target.
From a broad perspective, October gold has been locked in a broad trading range since February.
Closes above 1008.70 or below 870.00 are needed to confirm a breakout of this year's trading
range and point the direction of the next trending move. First resistance is the reaction high
crossing at 962.00. Second resistance is this month's high crossing at 972.70. First support is
Monday's low crossing at 934.70. Second support is last Monday's low crossing at 930.20.

September silver was steady to slightly lower overnight as it consolidates some of the rally off last
week's low. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are
possible near-term. Closes above Monday's high crossing at 14.470 are needed to confirm that a
short-term low has been posted. If September renews last week's decline, the reaction low crossing
at 13.165 is the next downside target. First resistance is Monday's high crossing at 14.470. Second
resistance is this month's high crossing at 15.185. First support is last Wednesday's low crossing
at 13.495. Second support is the reaction low crossing at 13.165.

September copper was lower due to light profit taking overnight as it consolidates some of the rally
off last Friday's low. Stochastics and the RSI are turning neutral hinting that a short-term top
might be in or is near. Closes below last week's low crossing at 264.75 are needed to confirm that
a short-term top has been posted. If September renews this summer's rally, the 75% retracement
level of last summer's decline crossing at 323.90 is the next upside target. First resistance is
Monday's high crossing at 292.10. Second resistance is this month's high crossing at 294.90. First
support is the 10-day moving average crossing at 282.25. Second support is the 20-day moving
average crossing at 279.88.
FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

September coffee closed higher due to short covering on Wednesday as it consolidated some of this month's decline. The high-
range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the reaction
low crossing at 11.63 is the next downside target. Closes above the 20-day moving average crossing at 12.89 would confirm
that a short-term low has been posted.

September cocoa closed lower due to profit taking on Wednesday as it consolidated some of the rally off last week's low. The
low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are becoming overbought but
remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally, the
contract high crossing at 32.37 is the next upside target. Closes below the 10-day moving average crossing at 28.76 would
temper the near-term friendly outlook in the market.

October sugar closed higher on Wednesday as it extends this month's trading range. The high-range close set the stage for a
steady to higher opening on Thursday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be
near. Closes below the 20-day moving average crossing at 21.15 are needed to confirm that a short-term top has been posted. If
October renews this summer's rally, monthly resistance crossing at 26.85 is the next upside target.

October cotton closed lower on Wednesday and below the reaction low crossing at 55.82 as it extended this month's decline.
The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain
neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this month's decline, June's
low crossing at 52.91 is the next downside target. Closes above the 20-day moving average crossing at 58.85 are needed to
confirm that a short-term low has been posted.
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September corn was fractionally higher in quiet trading overnight. September corn continues to
consolidate above Tuesday's lows as it awaits clearer direction from the other markets. High yield
expectations continue to limit near-term upside potential while the threat of an early-frost provides
light support. However, most traders believe that the corn crop will make it through the season
without significant damage from a freeze. September corn is range bound between $3.04 and
$3.30. Money flow factors could push prices outside of this range regardless of corn supply and
demand fundamentals. Keys factors to watch are the dollar and crude oil. The high-range close
overnight sets the stage for a steady to firmer opening when the day session begins. Stochastics and
the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes
above the reaction high crossing at 3.38 1/2 are needed to confirm that a short-term low has been
posted. First resistance is the 20-day moving average crossing at 3.28. Second resistance is the
reaction high crossing at 3.38 1/2. First support is last Monday's low crossing at 3.04 1/4. Second
support is psychological support crossing at 3.00.

September wheat was higher overnight as it extends Wednesday's breakout above the 10-day
moving average crossing at 4.72. The high-range close sets the stage for a steady to higher opening
when the day session begins trading later this morning. Stochastics and the RSI have turned bullish
signaling that additional short covering gains are possible near-term. Closes above the 20-day
moving average crossing at 4.90 1/2 would temper the near-term bearish outlook in the market. If
September renews this summer's decline, long-term support crossing at 4.50 is the next downside
target. First resistance is Tuesday's high crossing at 4.89. Second resistance is the 20-day moving
average crossing at 4.90 1/2. First support is last Wednesday's low crossing at 4.57 3/4. Second
support is long-term support crossing at 4.50.

September Kansas City Wheat closed up 6 1/4-cents at 5.11.

September Kansas City Wheat closed higher on Wednesday and above the 10-day moving average
crossing at 5.03 1/4. The high-range close sets the stage for a steady to higher opening on
Thursday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or
is near. Closes above the 20-day moving average crossing at 5.23 1/4 are needed to confirm that a
short-term low has been posted. If September extends this summer's decline, monthly support
crossing at 4.33 is the next downside target. First resistance is Tuesday's high crossing at 5.23.
Second resistance is the 20-day moving average crossing at 5.23 1/4. First support is last
Wednesday's low crossing at 4.87 1/2. Second support is monthly support crossing at 4.33.

September Minneapolis wheat was higher overnight as it extends the narrow trading range of the
past seven two weeks. The high-range overnight close sets the stage for a steady to higher opening
when the day session begins later this morning. Stochastics and the RSI are oversold but are
turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes
above the 20-day moving average crossing at 5.63 1/4 are needed to confirm that a short-term low
has been posted. If September renews this summer's decline, weekly support crossing at 4.95 1/4 is
the next downside target. First resistance is Tuesday's high crossing at 5.53 1/4. Second resistance
is the 20-day moving average crossing at 5.63 1/4. First support is last Friday's low crossing at
5.28. Second support is weekly support crossing at 4.95 1/4.

SOYBEAN COMPLEX

September soybeans were higher overnight as it extends the rally off last week's low. The mid-
range overnight close sets the stage for a steady to higher opening when the day session begins later
this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are
possible near-term. If September extends this week's rally, this month's high crossing at 11.13 1/4
is the next upside target. Closes below the 10-day moving average crossing at 10.38 1/2 would
signal that a short-term high has been posted. First resistance is Tuesday's high crossing at 11.08.
Second resistance is this month's high crossing at 11.13 1/4. First support is the 20-day moving
average crossing at 10.59. Second support is the 10-day moving average crossing at 10.38 1/2.

September soybean meal was higher overnight and is poised to test June's high crossing at 371.00.
The high-range close overnight set the stage for a steady to higher opening when the day session
begins trading later this morning. Stochastics and the RSI are bullish signaling that sideways to
higher prices are possible near-term. Closes below the 10-day moving average crossing at 335.30
would confirm that a short-term top has been posted. First resistance is the overnight high crossing
at 368.30. Second resistance is June's high crossing at 371.00. First support is the 20-day moving
average crossing at 337.10. Second support is the 10-day moving average crossing at 335.30.

September soybean oil was lower overnight due to profit taking as it consolidates some of
Tuesday's decline. The mid-range close sets the stage for a steady opening when the day session
begins later this morning. Stochastics and the RSI are turning bullish signaling that sideways to
higher prices are possible near-term. If September extends the rally off last week's low, this
month's high crossing at 38.99 is the next upside target. Closes below last Friday's low crossing at
35.40 would confirm that a short-term top has been posted while renewing this month's decline.
First resistance is Tuesday's high crossing at 37.20. Second resistance is this month's high
crossing at 38.99. First support is last Friday's low crossing at 35.40. Second support is the
reaction low crossing at 33.23.
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October hogs closed down $1.25 at $47.05.

October hogs closed lower due to profit taking on Wednesday as it consolidated some of the rally off this month's low. The mid-
range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signaling that sideways to
higher prices are possible near-term. If October extends the rally off last week's low, the reaction high crossing at 55.00 is the
next upside target. Closes below the 10-day moving average crossing at 46.20 would temper the near-term friendly outlook in
the market. First resistance is Tuesday's high crossing at 48.85. Second resistance is the reaction high crossing at 55.00. First
support is the 10-day moving average crossing at 46.20. Second support is last Tuesday's low crossing at 43.57.

February bellies closed down $2.00 at $76.45.

February bellies closed limit down on Wednesday as it renewed the decline off June's high. The low-range close sets the stage
for a steady to lower opening on Thursday. Today's decline turned stochastics and the RSI bearish signaling that sideways to
lower prices are possible near-term. If February extends today's decline, the contract low crossing at 76.00 is the next downside
target. Closes above Monday's high crossing at 81.70 would confirm that a short-term low has been posted. First resistance is
the 10-day moving average crossing at 78.85. Second resistance is the 20-day moving average crossing at 79.57. First support
is today's low crossing at 76.45. Second support is the contract low crossing at 76.00.

October cattle closed down $1.37 at 87.37.

October cattle gapped down and posted a new low for the month on Wednesday thereby renewing the decline off July's high.
Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. If October extends
the decline off July's high, June's low crossing at 85.60 is the next downside target. Closes above Tuesday's high crossing at
89.47 are needed to confirm that a short-term low has been posted. First resistance is today's gap crossing at 88.70. Second
resistance is the 20-day moving average crossing at 88.85. First support is today's low crossing at 87.35. Second support is
June's low crossing at 85.60.

October feeder cattle closed down $0.65 at $99.47.

October Feeder cattle closed lower on Wednesday as it extends this week's decline. The low-range close sets the stage for a
steady to lower opening on Thursday. Stochastics and the RSI are turning bearish signaling that sideway to lower prices are
possible near-term. If October renews the decline off July's high, the 75% retracement level of the June-July rally crossing at
98.29 is the next downside target. Closes above the 20-day moving average crossing at 100.88 are needed to confirm that a
short-term low has been posted.

_____________________________________________________________________

T H A N K Y O U

Aug 26, 2009

Economist.com: FGC BOLSA's comments

Economist Debate : Too Many People: http://www.economist.com/member/FGC%2BBOLSA/comments

Imagine not having access to any financial news: By Adam Hewison

This is an astonishing video from Adam Hewison you can't miss it.... It is free and as always you learn every day more from Adam's educational videos.

FGC BOLSA - FGC FINANCIAL MARKETS


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Aug 25, 2009

From the Desk of Nick Nicolaas





From the Desk of Nick Nicolaas (FDNN) #75
August 25, 2009
GOLDVIEW
a publication of
E U R O P E A N G O L D C E N T R E


Dear Friends - - Here’s Henk:

Dear Reader:

Isn't gold keeping us busy? In both directions, up and down and again and again. As with so many things in life, there are two ways to look at it. The glass is half empty or the glass is half full. In my view, gold is taking its time to build a base. The non-believers are playing it down every time but sooner or later they are bound to burn their fingers, I think. Some people argue that there is no real reason why gold should go up, thereby referring to the pretty even balance between supply and demand. I look at it a little differently. One day there will be a shortage of gold and I dont think that day will be too far away. Read my Editorial Comment and “Global Gold Production” by ZEAL'S Scott Wright in the attached August issue of GOLDVIEW.

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Of course, Sara Patterson is in the issue again, this time with her Poke the Bear blog “The Price of Fear”, strongly recommended reading material. In addition, my brief observations on PLATINUM, SILVER and COPPER and again some GOLD NUGGETS with things that are nice to know.

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Regards from Vancouver and as always - - Stay Tuned!!

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Skype: nicknicolaas
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For more information contact
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"Ahead of the Pack"
Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com OR Tom Corcoran

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Reuters: U.S.A. Deficit Worst Than You Think

Forbes.com Alerts:"Early Glance: Finance companies"

Click the link below to read the full story:
http://www.forbes.com/feeds/ap/2009/08/25/ap-business-financial-administration-finance-early-glance_6812800.html?partner=alerts

Court orders disclosure of Fed's emergency loans

By Jonathan Stempel
Reuters
Monday, August 24, 2009

http://finance.yahoo.com/news/Federal-Reserve-loses-suit-rb-3118547983.h...

NEW YORK -- A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.

In a 47-page opinion, Chief District Judge Loretta Preska of the federal court in Manhattan said the central bank failed to show that disclosure would cause borrowers in the Federal Reserve System to suffer "imminent competitive harm" by stigmatizing them for using Fed lending programs.

"The board essentially speculates on how a borrower might enter a downward spiral of financial instability if its participation in the Federal Reserve lending programs were to be disclosed," she wrote. "Conjecture, without evidence of imminent harm, simply fails to meet the board's burden."

Monday's ruling comes as lawmakers and investors demand greater disclosure in how the government manages a series of programs designed to lift the economy out of its deepest recession in decades.

The case arose when two Bloomberg News reporters submitted requests under the federal Freedom of Information Act (FOIA) about actions the Fed took to shore up the financial system in 2007 and early 2008, including an expansion of lending programs and the sale of Bear Stearns Co.s to JPMorgan Chase & Co.

After the Fed resisted the request, Bloomberg sued to compel disclosure.

Preska concluded the Fed "improperly withheld agency records in response to a FOIA request by conducting an inadequate search," she wrote.

FOIA obliges federal agencies to make government documents available to the public, subject to various exemptions.

Bloomberg News and the Fed did not immediately return requests for comment.

The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern District of New York (Manhattan), No. 08-9595.

* * *

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Aug 24, 2009

Stockhouse Gold and Silver Supplement

Stockhouse Gold and Silver Supplement


Why China is about to buy a lot more silver

Posted: 24 Aug 2009 10:56 AM PDT

Citizens urged to put 3% to 5% of their net worth in precious metals

Two years ago, on August 21, China’s government allowed its citizens to invest in an entirely new asset. It allowed them to invest in Hong Kong-listed stocks.

Hong Kong is a special region of China. It’s one of the most dynamic, capitalistic places on Earth. The move from the government was a move toward “investment freedom” for the Chinese people.

On that day, Hong Kong’s benchmark stock index rose 8.74%. Over the next two and a half months, it skyrocketed from 11,000 to over 20,000. It was a chapter in a story that you should get used to over the coming years: When the Chinese decide to invest in something, it causes giant ripples across the world.

This sort of situation is starting to happen again: This time it’s happening in precious metals, especially silver.

The Chinese have a centuries-old affinity with silver. It began in the 1500s with the explosion of trade with Mexico via the Spanish galleons. These sailing ships were the super-tankers of their age. They made one voyage per year, carrying tea, silks, and spices from Asia to Mexico. The ships returned to Asia with gold and silver. After the Chinese threw off imperial rule in 1912, the country used silver money. Today, the Chinese word for “bank” means, “silver movement.”

And now that China is becoming one of the richest, most dynamic capitalistic countries on Earth, this story is about to take a modern twist. The Chinese want silver again.

Thanks to a decade of wealth accumulated by regular Chinese citizens, there is plenty of cash to chase good investments. As the famed global investor Jim Rogers points out, these people are the best capitalists in the world. They are great savers. Chinese people want their money to work for them… so they invest.

I recently watched a China Central Television piece on gold investing. According to the program, there are some 400 million households in China, with an average ownership of about 0.1 ounces of gold. The average gold ownership in most emerging countries works out to about one ounce per household. The Chinese are beginning to make up that gap. From 2006 to 2007, domestic demand for gold rose 60% to around 700,000 ounces. Experts continue to urge citizens to put 3% to 5% of their net worth in precious metals.

Chinese government statistics show the average urban Chinese household has about $1,300 in disposable income to invest. While that doesn’t seem like much, when you add up all those households, there’s about $36 billion that could move into the next big investment opportunity – precious metals.

The government is now actively encouraging its citizens to buy gold and silver. They recently unveiled silver bullion for investing (you can see the video here). The premise is that gold was 50 times more expensive than silver in 2007, but is now 70 times more expensive.

The government is promoting silver bullion as an investment for regular citizens. And remember, a bunch of Chinese students laughed at U.S. Treasury Secretary Tim Geithner this year when he claimed the dollar was safe. The Chinese know the value of real assets – real money like gold and silver.

What does this mean for silver prices? It’s impossible to say. But here’s a little math that interests me. According to the Silver Institute, demand for silver in 2008 (for industry, jewelry, and investing) was 832 million ounces. At today’s price, that’s an $11.5 billion market, or about 1/3 the capital available in China alone.

The most important thing to understand about this situation is the Chinese people become freer every time the government loosens up a restriction. These people couldn’t legally buy silver bars before. Now, they can. They’re becoming richer, and they will continue to do so for decades.

Add this to a world already waking up to the grand currency debasement you’ve read about in DailyWealth (like here and here), and you have a recipe for the continuation of the big bull market in silver and other precious metals.