Best Commodity Bet? Goldman Sees A Clear Winner

| September 17, 2010

By Bloomberg News September 17, 2010 The best returns in commodities over the next 12 months will probably be in energy and the biggest losses in agriculture, Goldman Sachs Group Inc. said. The bank is forecasting a 27 percent advance in energy over 12 months, a 17 percent jump in precious metals and a 15 […]

World Commodities…..An Interactive Look At What’s Left

| September 12, 2010

09/12/2010 Scientific American has done a summary of peak commodity levels as well as depletion projections for some of the most critical resources in the world including oil, gold, silver copper, not to mention renewable water, as well as estimating general food prices over the next half century. Generally speaking, regardless of whether one believes […]

Storm Clouds Are Gathering In Europe…Again!

| September 7, 2010

The problem with trying to put hupty dumty back together is much like a house of cards,  they both tend to fall apart in a heap.   While abundant liquidity in May and June served as an artificial prop to return European  and PIIGS spreads to previous levels, it looks more like a mean reversion as algorythems took hold.  The second time around […]

Gold….Let’s Review Some Facts

| September 6, 2010

Have you ever wondered about which countries have the biggest gold reserves or are the largest producers of gold? Gold Atomic Number: 79 Symbol: Au Atomic Weight: 196.9665 Discovery: Known since prehistoric time Word Origin: Sanskrit Jval; Anglo-Saxon gold; meaning gold – also Latin aurum, shining dawn  Carats and carobs The word ‘carat’ (the measurement for gold purity) comes […]

Jim Rickards……”A Must Listen To” Interview About The Economy And More

| September 4, 2010

A must listen to interview with Jim Rickards about our economy and more.   We all need to be aware of the direction of things to come.   This interview from Jim Rickards will help in understanding these things better.   Click on the following link or paste into your browser:     http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/4_Jim_Rickards.html   Biography of James G. Rickards…..James G. Rickards is […]

Cumberland Associates…..Front Running The Fed

| September 1, 2010

Front Running the Fed September 1, 2010 “… the public is no longer investing in stocks, but rather in bonds.  So far this year through July, bond mutual funds have attracted $224.4bn in net inflows including reinvested dividends.  Equity funds have attracted only $17.2bn ytd, with $32.2bn going into International funds while $15.0bn flowed out […]

China Cutting Back 72% Of Its Exports Of Rare Earth Metals

| August 29, 2010

Interesting to say the least….rare earth elemnts are used in almost everything that is high tech……. Bloomberg reports that China is cutting back 72% of its exports of Rare Earth metals.  China has said that environmental issues are the reason for the cutbacks. 72% drop in availability of any commodity is important. RE’s are important. Japan […]

Let’s Revisit This Great Piece From Todd Harrison Of Minyanville!

| August 29, 2010

By Todd Harrison of Minyanville Seeking Solutions In An Uncertain World  We used to play for silver, now we play for life; ones for sport and one’s for blood at the point of a knife. –Grateful Dead We live in interesting times. During the last two years, a financial virus spawned and infected the economic […]

Just A Theory

| August 20, 2010

Quoted from Art Cashin on the floor of The New York Stock Exchange Yesterday, there was a bit of floor buzz on a Bloomberg TV item.  The story was that when the President headed off to vacation, he assigned two top defense aides to follow him. That raised some discussion about whether an Israeli move […]

It’s A Bear Market In Lending, And A Bull Market In Spending

| August 12, 2010

We’re looking at what will likely be a multi year process of cleansing.  Debts will have to be paid down, leverage decreased and ultimatly spending will have to be cut too!  That will make things even worse.  Asset values will continue to fall.  At some point in the future the system will complete its debt recycling and […]

Money Heading Out….14’th Sequential Week Of Equity Outflows

| August 12, 2010

14’th Sequential Week Of Equity Outflows We have now had over one quarter of non-stop redemptions by mutual funds, which means, by end-retail investors. The problem is that now everyone is starting to notice that the market is not supported by anything except momentum manipulation and primary dealer machinations. Per ICI, the week ended August […]

The Deficit Is Gowing And Growing And Growing And……..

| August 12, 2010

Jim Sinclair’s Commentary This is simply not going away. There is no practical means by which it can be drained ever! It is growing in a way that is unsustainable by any measure. Rather than being contained we are on the threshold of another round of unprecedented paper money creation. The reason it is happening […]

Sultans Of Swap……Gordon T Long

| August 2, 2010

SULTANS OF SWAP: Gold Swaps Signal the Roadmap Ahead BIS – The Super SIV Solution The news rocked the global gold market when an almost obscure line item in the back of a 216 page document released by an equally obscure organization was recently unearthed. Thrust into the unwanted glare of the spotlight, the little […]

Byron Wein…..”The Smartest Man In Europe”

| July 20, 2010

Write up from Byron Wein…………”The Smartest Man In Europe”                    Commentary courtesy of www.fmxconnect.com We recently came across an interesting piece from Blackstone on the European Stimulus and the road to recovery. Bryon Wein is a well known strategist. The most salient points are outlined below: No clear way out of the enormous debt burden […]

This Out Of China… Dagong Global Credit Rating Co. Cuts Sovereign Debt Rating Of TheUnited States

| July 14, 2010

Speaking of credit, or the lack thereof, the U.S. has been stripped of its AAA credit rating. So have Britain, France and Germany… This morning, the Dagong Global Credit Rating Co., China’s first real attempt at a ratings agency, initiated coverage on the sovereign debt of 50 different countries. “Dagong’s sovereign credit ratings are based […]

Gold Sentiment Negative……Hulbert Says Sets Up Contrarian Pattern

| July 2, 2010

Gold and gold stocks look absolutly terrible, so this makes a lot of sense!  The Hulbert Financial Digest has been tracking this kind of thing for over 30 years.   Friday July 2, 2010 ANNANDALE, Va. (MarketWatch) — Gold’s huge drop on Thursday is not the beginning of a new major leg down for the […]

Thoughts From Commodity Trader Jim Sinclair

| July 2, 2010

Thoughts For This Morning Yesterday’s action in gold was started by a hedge fund that was experiencing a withdrawal of funds, as did most in the last quarter. They attempted to take a profit and get money out of the market for redemptions by entering a sell for their gold in the cash and paper […]

$1.2 Quadrillion Derivatives Market Dwarfs World GDP

| June 11, 2010

The downward spiral in Western world economics will continue, here is why!   This is not rocket science folks!   $1.2 Quadrillion Derivatives Market                         By PETER COHAN         One of the biggest risks to the world’s financial health is the $1.2 quadrillion derivatives market. It’s complex, it’s unregulated, and it ought to be of concern […]

Spanish Public Sector On Strike Against Austerity Plan

| June 8, 2010

         Tuesday, 8 June 2010 Spanish public sector workers are holding a strike in protest against an average 5% cut in pay that comes into effect this month.  The cuts are part of a government austerity package aimed at reducing the country’s budget deficit, swollen by almost two years of recession.  Hundreds of protesters gathered […]

A World In Trouble…..Fitch Warns Britain About Deficit

| June 8, 2010

Fitch Ratings agency warned Tuesday that Britain faces a “formidable” fiscal challenge and must cut its budget deficit faster to maintain its top credit rating. In a special report ahead of an emergency budget planned by the new coalition government, Fitch noted that the rise in public debt ratios since 2008 is faster than any […]

Israel Deploys Three Nuclear Cruise Missile-Armed Subs Along Iranian Coastline

| May 31, 2010

Are we coming closer to WW III……it would appear so!  By Tyler Durden on 05/30/2010 Even as futures are feeling buoyant as a result of the JPY drop following the collapse of the Japanese ruling coalition (which in itself will likely spell serious JGB troubles in the days ahead), Middle-east geopolitical issues have once resurfaced… […]

Are You A Reseilient Household?

| May 30, 2010

Steve Wynn Takes on Washington

| May 30, 2010

Americas most famous Las Vegas club owner and desisgner speaks out about the direction of the United States and the wild uncontrolled spending and massive debt we are taking on.  “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. Steve Wynn says Americans are afraid. He’s just angry. “Washington is […]

Looks Like A King Sized Tooth Ace For California’s Unfunded Pension Liabilities

| May 24, 2010

Unfortunately, our woeful tale of unfunded liabilities does not end in Washington. Several state governments are also racking up large annual deficits and even larger unfunded pension liabilities. Right here at home, in the Golden State, government finances have rapidly slipped from “okay” to “abysmal.” And once again, the official debt numbers tell only a […]

U.S. Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region

| May 20, 2010

  Submitted by Tyler Durden on 05/20/2010 As if uncontrollable economic contagion was not enough for the administration, Obama is now willing to add geopolitical risk to the current extremely precarious economic and financial situation. Over at Debkafile we read that the president has decided to “boost US military strength in the Mediterranean and Persian […]

Pimco’s El-Erian Says We Are In Unchartered Waters Here!

| May 20, 2010

By Rita Nazareth May 20 (Bloomberg) — The Standard & Poor’s 500 Index’s 12 percent decline from April’s high may worsen amid concern that Europe’s debt crisis will derail global growth, said Mohamed A. El-Erian, chief executive officer of Pacific Investment Management Co. “This is not a typical retracement,” El-Erian, 51, whose firm runs the […]

Gene Inger…..We Ain’t Seen Nothing Yet!

| May 19, 2010

We ain’t seen nothing yet.  There’s an old story of a guy who, when asked how he went broke during the Great Depression, responded: ‘slowly; then all at once’. We’re in a new era; which while there will be snapbacks and melancholy attempts to restore the past excesses (whether consumerism or governmental spending levels); they […]

All About Oil

| May 17, 2010

With only so much oil to go around, every new off-take agreement signed by the Chinese with the Saudis or Venezuelans, for example, is a net loss in supply to other bidders, notably the world’s largest energy consumer, the United States. That the Chinese, and other countries, are aggressively securing long- term energy arrangements, coincidental […]

The Road To Default

| May 14, 2010

The Road to Default Follow the capital flows, people. As money flees from the European bond market, it runs to the safety of US debt, stocks, and gold. The race to the fiat bottom, however, ensures that it’s only a matter of time before the US devalues again and capital begins to flee the safe […]

Is the Federal Reserve Behind The European Bailout?

| May 10, 2010

By Larry Doyle|May 10, 2010, 12:57 PM|Author’s Website   Is the American taxpayer ultimately bailing out the European Union? Far fetched? Don’t be so sure. While the focus of the European bailout is on the European Central Bank, the European Union, and the IMF, little attention is being given to swap lines which were reopened […]

Morgan Stanley’s Stephen Roach See’s Increasingly More Frequent And More Dire Crises Coming Up

| May 10, 2010

Tyler Durden    05/10/2010   Morgan Stanley’s Stephen Roach spoke with Bloomberg’s Tom Keene earlier, pointing out the most troubling statistic about recent market activity, which has to do with both the frequency and amplitude of catastrophes: “The crises are coming with greater frequency. Over the last 25 years we have had an average of one […]

Looks Like The Biggest “Save” Ever…..EU Crafts $962 Billion Show Of Force

| May 9, 2010

This is huge……..European policy makers unveiled an unprecedented loan package worth nearly $1 trillion and a program of securities purchases as they spearheaded a drive to stop a sovereign-debt crisis.    Inflation dead ahead………Gold and Silver looks to be the ultimate store of wealth.  The world debt will be staggering!      By James G. Neuger and […]

Why The Center Cannot Hold……John Mauldin’s “Outside The Box”

| May 7, 2010

Risks associated with the fiscal deficits. And by the way, we should note that 25 of 27 European countries are running deficits in excess of 3% of GDP. Ireland has a deficit of 14.3%. Portugal is at almost 10%. Greece is almost 14%. Here is a table from Variant Perception in London, from data from […]

The Credit Default Swaps “Roulette Wheel”…..Jim Sinclair Shares His Opinion

| May 7, 2010

The solution is the problem. “Main Street is in the hands of a Roulette Wheel.”    The name of the “Roulette Wheel” is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel’s foolish political […]

European Debt Turmoil

| May 7, 2010

The Globe and Mail in Toronto put together a good visual (below) on how financially exposed the larger and stronger economies of Western Europe are to the region’s teetering nations. Think of all the turmoil caused by Greece – the external debt load of Spain and Ireland together is more than eight times greater.

Oh Oh….Roaches In The Computer Trading Systems…..But I Think We Got’em

| May 6, 2010

http://www.greenfaucet.com/

Oops…..Hit The Wrong Button At The Market Trading Desk, Run Baby Run

| May 6, 2010

http://www.greenfaucet.com/

The ABC’s Of Trading…..B For Billion Is Different Than M For Million

| May 6, 2010

If  True……….. According to ForexLive, a big error at a major trading firm caused today’s -1,000 point market crash, before staging a huge come back. ForexLive: “Major US bank had an order to sell $15 mln of S&P e-mini contracts.    Accidentally sold $15 bln…” Update: CNBC is now reporting that a trader entered a “b” for […]

Arnott: Odds Of Double-Dip Recession Better Than 50%

| May 5, 2010

Research Affiliates chairman, along with BlackRock’s Dennis Stattman, paint a gloomy picture of U.S. economy; prepare clients ‘to weather the storm’.   The U.S. economy could well be headed for another downturn  and advisers should be helping clients find opportunities overseas and in alternative-asset classes, two well-known investment managers said Tuesday.  Our basic problem as a […]

Greeks Protest EU Austerity Plan

| May 5, 2010

So what happens when you take away entitlements that the Greeks have had for years?……….We here in the United States should take notice, because our time is coming and it will forced upon us by those that own our debt, at the moment China sits high on that list.         By Maria Petrakis and Natalie Weeks […]

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