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hisah
#1491 Posted : Tuesday, September 20, 2011 4:51:29 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
FUNKY wrote:
http://www.bbc.co.uk/news/business-14968090

Cheers. !! $60 crude !!

Brent has to crash by another $59 to get your $60 oil. A tall order unless we have all PIIGS declare default together.
That would indeed feel like an abyss & we would all call upon that nutty priest of the May 26 2011 end of the world movement...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1492 Posted : Tuesday, September 20, 2011 4:58:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Wall street protests continue. When the Tunisia & Egypt protests started the numbers were small just like @ wall street. The same media pattern emerges, they ignore, then they notice, then the cover it, then they debate & twist it, then more protestors join... In short they advertise & recruit more people as they try to outdo each other for coverage viewership. Laughable to say the least.

http://www.youtube.com/watch?v=rWoWZO3nqOY

http://www.guardian.co.u...street-financial-system
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, September 20, 2011 5:48 AM | Reason: Not specified
hisah
#1493 Posted : Tuesday, September 20, 2011 6:39:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Things are about to tip in euroland...

http://www.reuters.com/a...20/idUSB9E7K102K20110920
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#1494 Posted : Tuesday, September 20, 2011 7:35:53 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Hisah-the quicker the EU can get to an endgame for Greece (allow to default either within EU or throw it out), the sooner things will become clearer for worldwide markets.
CDE-I believe OPEC has now got the pricing game sorted i.e. it actually knows what price it needs to maintain for its members. That price is nowhere near $60.
Sehemu ndio nyumba
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karanjakinuthia
#1495 Posted : Tuesday, September 20, 2011 11:07:48 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce.

"European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market.

The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...."

Read more:

http://www.cnbc.com/id/44574537

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hisah
#1496 Posted : Tuesday, September 20, 2011 11:49:14 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karanjakinuthia wrote:
The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce.

"European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market.

The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...."

Read more:

http://www.cnbc.com/id/44574537


I'm waiting to see the WGC report for yr end 2011 to see how many more tonnes of gold were bought by Central banks esp in Asia and Latino region. Europe is yet to jump into the bandwagon like Asia, but the swiss guys might be the ones that start it with a gold backed swiss franc.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1497 Posted : Tuesday, September 20, 2011 3:21:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold is surely giving paper money masters a nightmare...

And now SNB is to face the music with this swiss referendum on no more gold reserve sells without public authorization... The recent swiss peg on the euro (EUR/CHF) @1.20 is about to be taken to the cleaners by Mr Market for the n+n times...

http://translate.google....er_gold_1.12582094.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1498 Posted : Tuesday, September 20, 2011 3:49:01 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
karanjakinuthia wrote:
The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce.

"European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market.

The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...."

Read more:

http://www.cnbc.com/id/44574537


I'm waiting to see the WGC report for yr end 2011 to see how many more tonnes of gold were bought by Central banks esp in Asia and Latino region. Europe is yet to jump into the bandwagon like Asia, but the swiss guys might be the ones that start it with a gold backed swiss franc.

Sanctions buster indeed smile keep buying as we keep mining @Zim. What a pleasure to supply Western realities a.k.a fears at a premium Laughing out loudly
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hisah
#1499 Posted : Tuesday, September 20, 2011 5:48:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
IMF Cuts Global Growth Estimate, Says Europe May Worsen Outlook...

http://www.bloomberg.com...-may-worsen-outlook.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#1500 Posted : Tuesday, September 20, 2011 6:47:04 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Dr Doom says recession aulready here http://businessday.co.za...s/Content.aspx?id=153878
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