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Scubidu
#581 Posted : Thursday, November 04, 2010 10:20:00 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
It's more like Ron Paul will ask him questions and he'll simply avoid them.
Ron: Do you think you'll create more inflation through QEII?
Bernanke: We are charged with price stability and as you can see prices are stable.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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karanjakinuthia
#582 Posted : Thursday, November 04, 2010 10:44:34 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Gold seems to be in a sideways consolidation pattern with the top at $1380 and the bottom at $1320. A breakout will place $1440 as the interim target and $1540 thereafter.

Read more:

http://kingworldnews.com...Index_Headed_to_56.html

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Scubidu
#583 Posted : Thursday, November 04, 2010 6:01:30 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Interest articles I have seen:

http://www.thedailycrux....ent/6183/Bankruptcy/eml

http://www.bloomberg.com/video/64227332/

“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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  | | Edit by user: Thursday, November 04, 2010 6:14 PM | Reason: Not specified
hisah
#584 Posted : Friday, November 05, 2010 4:19:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.dw-world.de/d...icle/0,,6191009,00.html - China is very pissed as well as other Asians. Last time everyone was happy with the global stimulus in March 2009. This time it's different since this will create more trade wars and encourage protectionism as the $ devalues fast and central banks will be forced to devalue their local currencies to remain competitive in the exports market. The upcoming G20 meeting in S.Korea will be explosive especially going by the angry words coming from Asia. At this point I'm questioning whether the stimulus is for supporting the global economy or global stocks. If more than $1 Trillion didn't manage to stop job losses, bankruptcies, looming national defaults (eurozone). What the heck will $500B achieve?

http://www.youtube.com/w...feature=player_embedded - I thought Bernanke and Co. say there's no inflation thus the reason to justify the money printing spree.

http://www.youtube.com/watch?v=4CjTZ8EvFiA

http://www.youtube.com/watch?v=1oaL51ch3wo

http://www.inflation.us/foodpriceprojections.html

http://inflation.us/foodpriceprojections.pdf
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, November 05, 2010 8:12 PM | Reason: added inflation info
hisah
#585 Posted : Friday, November 05, 2010 4:21:56 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karanjakinuthia wrote:
Gold seems to be in a sideways consolidation pattern with the top at $1380 and the bottom at $1320. A breakout will place $1440 as the interim target and $1540 thereafter.

Read more:

http://kingworldnews.com...Index_Headed_to_56.html



Since it broke above $1350,it has been toppish. I'd rather wait for a correction back to $1250 - 1300, before buying again.

My wish is for silver to retrace back to $20 for any buy attempt.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#586 Posted : Friday, November 05, 2010 7:55:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.fuznews.com/2...er-day-tazxpayer-money/ - Weird especially after voters prove their will of routing his team out in 2012. Something wrong here??
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Scubidu
#587 Posted : Sunday, November 07, 2010 2:10:36 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Here are the confessions of an economic simpleton

Read more:

http://www.nation.co.ke/...0/-/7ges7iz/-/index.html
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Scubidu
#588 Posted : Sunday, November 07, 2010 6:28:08 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
hisah wrote:
Scubidu wrote:
[quote=hisah]@Scubidu - Did you read this article - http://www.businessdaily.../-/u5fo4uz/-/index.html[/quote]

Yes I did read it. I know him personally (so no surprize on the inflation thing). You'd be surprized how much of his article was actually edited (not politically correct). His next article is on the EAC I believe, will it last.

Could open your other link on bank officials...

Did the Treasury say that they were going to slow down on the Kenyan stimulus?

@hisah. Can you explain how TIPS can yield negative? How do they work?


Lamestream media at doing its job 'right' Sad But that's no surprise. I don't remember hearing about the treasury slowing down on stimulus.

I also have no idea how TIPS can go negative?! I'm trying to quickly unlearn everything they teach in school since it's not necessary anyway in the real world! d'oh!

I'm sure by now you see how significant silver prices have capitulated short sellers aka JP Morgan and other fishy banks that have been known to sell very large contracts without indication of ownership. Talk about fraud -> http://www.youtube.com/watch?v=L5mFbMBMrkM

Since Sept when I highlighted that JPM is closing their commodo trading desks, now the silver market is free - http://inflation.us/jpmorgansilver.html

Times have caught up with them - http://latestbusiness-ne...or-jp-morgan-19325.html

JPM stock - http://stockcharts.com/h-sc/ui?s=jpm

I'm closely following the mortgage fraud saga involving the big US banks while the lame stream media keeps diverting attention to the bogus fed bank stimulus on Nov 3rd and how it will save the world!

http://www.youtube.com/watch?v=pStXePDWbf8

I finally watched a video by the National Inflation Association about the whole JP Morgan thing. We're now on the same page (I was clueless before).

http://www.tradingmarket...es-says-nia-1264751.html
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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hisah
#589 Posted : Monday, November 08, 2010 5:27:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://uk.reuters.com/ar...e/idUKTRE6A70D020101108 - The World Bank President wants a new global gold standard to guide currency movements. Seems the bankers are finally getting back to their senses. I can hardly believe he said this -
"The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values."

Considering gold prices haven't yet reacted to this statement, this is significant whichever way one looks at it. In short gold and other precious metals are very far from revising soon considering a devalued $ and the near term eurozone national default fiasco.

http://www.youtube.com/watch?v=NOzR3UAyXao
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#590 Posted : Monday, November 08, 2010 5:28:15 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=Scubidu]Here are the confessions of an economic simpleton

Read more:

http://www.nation.co.ke/.../-/7ges7iz/-/index.html[/quote]


Interesting smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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