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youcan'tstopusnow
#811 Posted : Friday, April 22, 2011 9:47:40 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, it is said that people tend to eat more during tough times
www.bbc.co.uk/news/business-13160649
Kenchic must be making a killing then in these sides, I supposesmile
GOD BLESS YOUR LIFE
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Cde Monomotapa
#812 Posted : Friday, April 22, 2011 10:47:24 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@hisah, I think I am in full support of China's stance on the yuan. I think they learn't from their neighbors, the Japs, as how the yen is treatd like a comm.sex workers by forex traders. In addition, China is in support of its exporters so it pays to have the yuan as it is. I-phone...designed in California, manufactured in China...I get it!
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hisah
#813 Posted : Friday, April 22, 2011 1:03:24 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, it is said that people tend to eat more during tough times
www.bbc.co.uk/news/business-13160649
Kenchic must be making a killing then in these sides, I supposesmile


I wonder where they get the means to afford expensive food to eat more...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#814 Posted : Friday, April 22, 2011 1:13:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
@hisah, I think I am in full support of China's stance on the yuan. I think they learn't from their neighbors, the Japs, as how the yen is treatd like a comm.sex workers by forex traders. In addition, China is in support of its exporters so it pays to have the yuan as it is. I-phone...designed in California, manufactured in China...I get it!


The Chinese dollar peg was very smart. It permits them to armtwist the debtor just a thing any banker would die for... But the idea of not accepting the yuan to float in forex markets was the smartest. This permits the PBOC to be in full control of the yuan and the dollar peg.

Back to current reality, are you aware there has been 3 days of fuel cost protests in Shanghai this week? Is the red army no longer scary to the docile chinese?
These socioeconomic trends in China are pointing to further chaos in coming months as the gubberment struggles with taming inflation. The PBOC has hiked rates enough times this year plus the reserve funds, but not working...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#815 Posted : Friday, April 22, 2011 1:22:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
As gold and silver continue their paper money meltup trends i.e. all currencies are down vs them, as well as global stocks priced in gold or silver, the state of Utah has signed a bill to permit gold/silver as legal tender.

Yaani Utah wameamua kutumia dhahabu na fedha kama pesa?! That is an outright vote of no confidence for their own currency - the US dollar?! What the heavens???


http://abcnews.go.com/Po...ndard/story?id=13377409

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, April 22, 2011 1:24 PM | Reason: Not specified
QW25071985
#816 Posted : Friday, April 22, 2011 1:40:46 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Gold is headed higher.Target 1575 . look at image :

http://marketglance.file...old3.png?w=640&h=515
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Cde Monomotapa
#817 Posted : Friday, April 22, 2011 2:33:59 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
As gold and silver continue their paper money meltup trends i.e. all currencies are down vs them, as well as global stocks priced in gold or silver, the state of Utah has signed a bill to permit gold/silver as legal tender.

Yaani Utah wameamua kutumia dhahabu na fedha kama pesa?! That is an outright vote of no confidence for their own currency - the US dollar?! What the heavens???


http://abcnews.go.com/Po...ndard/story?id=13377409


Wah!! Boss..umechangamsha my Easter! Ati riots in China?? Kweli nikugwanest. The oil markets should re-think their over pricing. That Utah story is even more shocking but a very good step forward. Just hope gold/silver doesn't turn into tulips.
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erifloss
#818 Posted : Friday, April 22, 2011 7:18:42 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Their's no socialist/communist society/state that has ever held up its ideologies for long when they allow a 'democratic'/liberal economy or during long periods of inflation. Its just a matter of time before the Billionaire/Millionaire entrepreneurs of Chinese descent get fed up with the other 'controls' of the communist party, Chinese citizenry get fed up of the high cost of living due to inflation and low wages & American citizens realise that to survive they'll have to start accepting & doing jobs transfered to China coz the companies are back due to rising employee costs in China.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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hisah
#819 Posted : Friday, April 22, 2011 11:44:58 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I've noticed the same pattern repeating on US major equity markets though most look like forming an inverse H&S pattern. If so new 2011 highs coming up and the dollar will continue to tank and gold/silver/oil & other commodities continue higher.
If it plays out like May 2010, at least 10% plus correction in all gains looms while the dollar does the inverse.
I see the latter coz of Greece. If they seek a 2nd bailout, possible, a selloff can't be avoided.

http://blogs.forbes.com/...o-last-year-for-stocks/

@Cde - gold/silver as tulips bubble can only be possible if one dollar is worth an ounce of both...

The Greece pretext article - blame the citigroup trader's rumour and make him the fall guy. I love politics...

http://www.guardian.co.u...-over-greek-debt-rumours
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, April 22, 2011 11:59 PM | Reason: Not specified
hisah
#820 Posted : Saturday, April 23, 2011 8:19:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Will Toyota car users afford expensive spares this year...?
Btw this is very 'bullish' for japanese car makers & japanese economy as per some 'analysts' reviews...

http://www.nytimes.com/2...ess/global/23toyota.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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