Wazua
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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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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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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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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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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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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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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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'  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! 
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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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[quote=Scubidu]Here are the confessions of an economic simpleton Read more: http://www.nation.co.ke/.../-/7ges7iz/-/index.html[/quote] Interesting  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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And gold spot takes out $1400 price handle. Paper money meltup worked up. I also expect oil to reclaim the $100/barrel soon regardless of a global econ recovery or not . All commodities will also keep rallying as the paper sys fries up. This is now an inflationary hedging game. Expensive food, expensive fuel, recessing economy, inflated jobless rates & u have a powder keg revolution in the making. Being a politician & banker is now a risky affair... http://www.npr.org/templ...ry.php?storyId=131043062$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I've just been looking at the charts and the classic throw-over from a bearish triangle on the Dow point to 11800 - 12000. At that level I'd expect to see smart money betting a correction back to 10500. But if the current high level of insider selling ratio (US markets) for the last 6 months is to be used as a guide, I expect an even larger correction. http://www.lewrockwell.com/slavo/slavo18.1.html
http://www.dailymarkets....rate-should-you-follow/
http://www.zerohedge.com...g-buying-doubles-423x-w
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Just like its big brother, the run on silver spot price continues with daily 30yr highs for weeks. Spot price takes out the $29 handle looking to cross above $30 then the parabolic stampede to $50 will ensue. The German govt is feeling the heat here - http://translate.google....-Aerger-mit-Silber.html
China downgrades US econ outlook yet again. So the superpower no longer calls the shots - http://www.docstoc.com/docs/60567245/Dagong-US$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Just to visualize the silver run and the capitulation (short squeeze of fraudelent banks like JPM et al that have been selling what they don't own). Time for the fraudsters to pay back what they've been stealing from the manipulation of silver prices for years.  @KK - My wishful additional buy levels for both gold and silver now belong to the gutter. Tempted to chase the parabolic trend, but too dangerous. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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@hisah. Who will bailout JPM when shyt his the fan? Perhaps they should revive dead Lehmann, pump billions in it then sell it to JPM...an xmas gift. Currency WAR: China retaliates against the Fed's reckless money-printing Read more: http://www.thedailycrux..../content/6220/China/eml
Roubini Tweets: US Banks at Risk of Insolvency Read more: http://www.moneynews.com...cy/2010/11/09/id/376510
Faber: Emerging Markets Should Thank Bernanke Read more: http://www.moneynews.com...nke/2010/11/09/id/376505“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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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[quote=Scubidu]@hisah. Who will bailout JPM when shyt his the fan? Perhaps they should revive dead Lehmann, pump billions in it then sell it to JPM...an xmas gift. Currency WAR: China retaliates against the Fed's reckless money-printing Read more: http://www.thedailycrux..../content/6220/China/eml
Roubini Tweets: US Banks at Risk of Insolvency Read more: http://www.moneynews.com...cy/2010/11/09/id/376510
Faber: Emerging Markets Should Thank Bernanke Read more: http://www.moneynews.com...ke/2010/11/09/id/376505[/quote] I care not for these fraudelent banks. They should be put out of biz. JPM & HSBC will definitely face margin calls on their oversize short positions now in major losses. The worst for then would be if the investors call in their silver for physical delivery. Where will they get all that silver from? Check out schiffs report on youtube. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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If in doubt of the multi-year commodity bull market, make a trip to your local store, grocer or supermarket. "The cost of nearly everything we consume (food and energy) are soaring. Yet, despite this reality, the headlines and numerous experts continue to cite the fear of deflation and relatively tame year-over-year consumer price index changes as means to justify further quantitative easing (currency devaluation). Since the market is always right, it's easy to figure who's got it wrong. Expect the food sellers, in other words food consumers (us!), to continue gritting their teeth as long as spot commodity prices are surging to new highs...." Read more: http://edegrootinsights....teeth-raise-prices.html
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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@Hisah. Don't chase strength. Buy on the dips for as sure as night, they will come.
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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karanjakinuthia wrote:If in doubt of the multi-year commodity bull market, make a trip to your local store, grocer or supermarket. "The cost of nearly everything we consume (food and energy) are soaring. Yet, despite this reality, the headlines and numerous experts continue to cite the fear of deflation and relatively tame year-over-year consumer price index changes as means to justify further quantitative easing (currency devaluation). Since the market is always right, it's easy to figure who's got it wrong. Expect the food sellers, in other words food consumers (us!), to continue gritting their teeth as long as spot commodity prices are surging to new highs...." Read more: http://edegrootinsights....teeth-raise-prices.html
The video by NIA 'End of Liberty' advocates for looking at agri-commodities, some guy was stocking up on coffee grains in his underground cellar to sell them in a number of years. Don't quote Jim Rogers much but he did mention he was buying commodities and agri-stocks. “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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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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hisah wrote:I care not for these fraudelent banks. They should be put out of biz. JPM & HSBC will definitely face margin calls on their oversize short positions now in major losses. The worst for then would be if the investors call in their silver for physical delivery. Where will they get all that silver from? Check out schiffs report on youtube. [/color] Interesting ... Also heard that sales of silver eagle-something coins is up big time in the US, but will people really demand physical delivery ... They're huge contracts, I heard that JPM accounts of over 30% of them. “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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