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hisah		#1131 Posted : Monday, August 08, 2011 5:18:03 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		@Kenyainvestor - There is a saying that when people lose their basic elements for survival, they lose it. Obviously the MENA crisis will become a global contagion. Meanwhile... -> Gold rockets to $1695 from $1660 on open. Today it blows off $1700... Thus the fishy behaviour by APMEX - http://www.wazua.co.ke/f...amp;m=204996#post204996 -> Dow futures down 270+ handles... In Europe & NY traders will lose their voice at the trading pits as they shout out trades in a 'volatile vaccuum'... US municipal bonds will soon bomb out... Various states esp those with debt bombs will soon default... Things are now heating up in Asia after the G7 statement fades away. Global intervention coming soon... Update -> Follow the asia markets action here: http://www.reuters.com/finance/markets/asia? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1132 Posted : Monday, August 08, 2011 6:29:08 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Shanghai composite officially in love with the bear... China was sold to us by global gubberments as the knight in shining armor that would defend us from a double dip recession. Indeed the globe is now a disappointed lover... The question is whether this is a double dip recession or depression. Until you look at gold/silver prices, that answer can be illusive... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1133 Posted : Monday, August 08, 2011 6:54:42 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		And there goes the $1700 handle as gold rush continues... All fiat currencies trounced... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1134 Posted : Monday, August 08, 2011 8:10:58 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		S.Korea - Kospi down 6.5%. Trading suspended... http://www.forexlive.com...very-heavily-kospi-6-5/ Nigeria - http://www.reuters.com/a...s-idUSL6E7J70AZ20110807 - @young are u aware of this? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#1135 Posted : Monday, August 08, 2011 9:17:01 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Is that a 1.5% gain by the KES against USD...Brent nearing $100...
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Ceinz		#1136 Posted : Monday, August 08, 2011 9:17:36 AM
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility		World leaders confer on debt crisis French and UK leaders discuss twin debt crises in Europe and US, amid calls for G7 nations to convene emergency summit. http:....html “small step for man”
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Cde Monomotapa		#1137 Posted : Monday, August 08, 2011 9:20:10 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Cde Monomotapa wrote: Is that a 1.5% gain by the KES against USD...Brent nearing $100... c/o forexpros.com
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hisah		#1138 Posted : Monday, August 08, 2011 9:25:27 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Cde Monomotapa wrote: Cde Monomotapa wrote: Is that a 1.5% gain by the KES against USD...Brent nearing $100... c/o forexpros.com Interesting on KES vs USD and GBP. Still flat on EUR! I've also seen that it has gained big on Aussie, CAD and NZD (being the biggest loser). Currently looking at the NSE board as 9.30 approaches. Also keeping my eye on JSE. Dow futures meltdown will hammer JSE today... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#1139 Posted : Monday, August 08, 2011 9:28:40 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Cheers..i've always wonderd what's special about the Kiwi anyway.
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hisah		#1140 Posted : Monday, August 08, 2011 9:34:28 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Cde Monomotapa wrote: Cheers..i've always wonderd what's special about the Kiwi anyway. Nothing... Just hype! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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