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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: Have a great weekend and - - - Stay Tuned!!
Nick L. Nicolaas
Mining Interactive “Ahead of the Pack”
Nick L. NicolaasPresident & CEOMining Interactive

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

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
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.* * *
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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:

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


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


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.

All the best,
Adam Hewison


Co-creator, MarketClub

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

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 :