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Investors Lounge
hisah
#881 Posted : Wednesday, May 25, 2011 6:27:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Euro and Global Debt Contagion Concerns Mount - Gold's New Record Nominal Highs in Euros and Pounds...

Gold vs Euro/Pound scoreline 3:0

http://www.ibtimes.com/a...dium-precious-metals.htm
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#882 Posted : Thursday, May 26, 2011 7:52:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The australian dollar is following the euro footsteps back in 2007 - 2008. When this housing pretext melts down, the aussie dollar will be a short sellers paradise...

http://www.nasdaq.com/as...ncies-surge-in-1q-fitch


And now KE employment follows the US trend where gubberment workers earn more... Interesting times this with unions just a bickering mouth piece. So a booming econ = civil servants get more paid while private sector pay lags even with huge profits... So much sense there...
June demos on inflation will be interesting...

http://www.businessdaily.../-/wmv5m5z/-/index.html

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#883 Posted : Thursday, May 26, 2011 11:06:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So if grease is going to default, why is oil bullish? Isn't grease made from oil... smile

http://www.businessinsid...tline-sell-ships-2011-5

Chinese investors are to buy more 'portugrease' bonds thus the euro is now greased for a bullish move smile

http://www.topforexnews....chase-of-european-bonds/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Scubidu
#884 Posted : Thursday, May 26, 2011 3:11:11 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
@hisah. What's ya take on a shilling carry trade fueling part of the KES depreciation. Forwards by foreigners looking to buy west african eurobonds. I sure the dollar yields are worth the risk, but, let's not forget the current rising yields in the primaries ... 300bps for two year yields ... money mart is getting tighter.
“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
Scubidu
#885 Posted : Thursday, May 26, 2011 4:01:00 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels.

The increase was driven by a significant rise in demand for gold as an investment, up 26 percent from a year ago, as emerging markets look to protect their assets from rising inflation. Demand for gold bars and coins was up 62 percent and 42 percent, respectively.

A slight pullback in prices during the middle of the quarter and “persistent high inflation levels” pushed China into the position as the world’s largest market for gold investment. Chinese citizens devoured nearly 91 tons of gold bars and coins, more than double the amount of a year ago.

Read more:

http://www.kitco.com/ind...es/holmes_may232011.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
hisah
#886 Posted : Friday, May 27, 2011 7:11:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Credit Agricole and Dexia... I am watching these two to grease the euro selloff in a few weeks time...

http://translate.google....credit-agricole-60-caida
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#887 Posted : Saturday, May 28, 2011 5:40:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Scubidu wrote:
@hisah. What's ya take on a shilling carry trade fueling part of the KES depreciation. Forwards by foreigners looking to buy west african eurobonds. I sure the dollar yields are worth the risk, but, let's not forget the current rising yields in the primaries ... 300bps for two year yields ... money mart is getting tighter.



I find the ksh carry trade very confusing. CBK never seems in control? How do u gauge this?

As for the USD, 2yrs are not painting a nice picture. Considering the fed fund rate is next to zero...

I've not paid attention to the west africa eurobonds. What are the foreigners chasing? I see likely defaults due to volatile politics; ivory coast being the recent example.

http://blogs.reuters.com...-carry-trade-never-dies/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#888 Posted : Saturday, May 28, 2011 6:16:05 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
EIA to stop reporting some oil info due to cost cutting measures. Hmmm... A broke stats agency. What hidden skeletons now? I take this as a signal to go bullish on oil with a bet of breaking $150 set in 2008 as confirmation of $200 target.

When US fed stopped reporting M3 money supply info, gold has become a bison in 2yrs?

http://www.eia.gov/press...m/releases/press362.cfm

Meanwhile Chinese inflation still bullish... A sudden Chinese slowdown will drag down the global GDP. And the shanghai equity market says so...

http://en.21cbh.com/HTML...27/1NMjM1XzIxMDI1NA.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
karanjakinuthia
#889 Posted : Monday, May 30, 2011 7:51:11 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
"Price controls historically are a disaster being discussed among adults

This is nonsense beyond stupidity.

Controls are artificial, meaning they have never worked in economic history as a method of trying to correct price problems caused by the planners themselves.

The dislocation that will be cause scarcities will wreak havoc on industrial and private consumers.

The plotters that got us into this problem could do anything, but like every exercise of controls in history, the economic dislocation caused by sophomoric attempts at price controls is biblical.

Anyone ever positively discussing this is a world class idiot."

Read more:

http://www.jsmineset.com...istorically-disastrous/

karanjakinuthia
#890 Posted : Monday, May 30, 2011 8:33:16 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
@ Scubidu. The price target of gold as it seeks to balance the International Balance Sheet of the USA, is $13,266.93 per ounce.

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