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Investors Lounge
Chaka
#151 Posted : Friday, January 08, 2010 3:07:03 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@KK,
You strike me as a being a very well informed gentleman.
Where do you get the time to read all this stuff?(You surely must be a batchelor)
I am also curious to know what you do for a living?
Phaoro
#152 Posted : Friday, January 08, 2010 4:47:06 PM
Rank: Member

Joined: 10/6/2009
Posts: 164
@ karanjakinuthia

You come across as a man with a destination, I do read your postings here and there. I commend you for referencing your material.
karanjakinuthia
#153 Posted : Saturday, January 09, 2010 9:51:44 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
@ Chaka and Phaoro.

Thank you for your kind sentiments. Standing on the shoulders of investing greats such as Warren Buffet, Jim Sinclair, Martin Armstrong, Monty Guild, Jim Rogers, Marc Faber etc, one is able to have a bird's eye view of the forest as a opposed to individual trees when on the ground level. As with all other skill sets, time and effort are directly proportional to mastery.

I am an entrepreneur and will be the luckiest man south of the Equator to marry a woman of substance.

If you have additional questions, do not hesitate to ask.
Wa_ithaka
#154 Posted : Saturday, January 09, 2010 11:51:23 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Benard, umejaribu. What do you invest in?
It might be easier if you just participated in the normal discussions...
The Governor of Nyeri - 2017
karanjakinuthia
#155 Posted : Sunday, January 10, 2010 9:21:01 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Every cloud has a silver lining. It took a drought spell to cut down the tea supply glut in the market. Farmers now have a gleam in their eye.

"2009 is a year that many investors would prefer to forget after the Nairobi Stock Exchange plunged to a three- year low. But the year was not so gloomy for the agricultural segment which produced the top three best-performing stocks in terms of capital gains despite its counter being the least active at the bourse.

The sector has traditionally been a shunned by investors due to the volatility inherent in its stocks which rely on weather, an increasingly unpredictable phenomenon following decades of environmental degradation by human activities...."

Read more:

http://www.businessdaily...36/-/6a4801/-/index.html
karanjakinuthia
#156 Posted : Monday, January 11, 2010 6:02:14 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Grim news from the economy that is responsible for the 28% of global economic output. The prospects for the common currency of the United States i.e. the Dollar are dire. Bear in mind that a depreciating Dollar is a catalyst for a general increase in commodity prices.

"Beyond Friday’s lackluster headline payroll figures, the "real" unemployment rate (or U6) rose to 17.3% and the average hourly work week remained near record lows at 33.2. In addition, the average duration of unemployment rose to 29.1 weeks as the ranks of the long-term (or "permanently") unemployed continue to swell. Furthermore, the household survey showed a decline of 589,000 employed persons to the lowest level since 2003, according to Miller Tabak.

In sum, fewer people are working, more Americans are dropping out of the labor pool and those who are working are working fewer hours: Average hourly earnings up just 2.2% vs. a year ago in December, lowest rate since 2004 and vs. an average gain of 3.3% over the prior decade, according to Miller Tabak...."

Read more:

http://finance.yahoo.com...rate-at-17.3-400222.html
Scubidu
#157 Posted : Monday, January 11, 2010 7:24:17 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Excellent previous post (149) btw. I had no idea the Central Banks had been dumping gold prior to 2008 and indeed many of the gold experts predict a rally. I’ll admit I don’t much about gold but I’d like to know what cbk does in with its gold reserves. Do you know? What’s it function in the Kenyan context?

One shouldn’t support a one world currency until the fiat currency is changed, but, I also used to remember many of the historians citing the ways in which gold could be manipulated. I had read the story about the French cashing in their gold for dollars in the 70s (post 150) and it sounds like it could happen again (considering what you said about the increase in money supply and gold reserves as well as the current banking system).

The gold debate has also been a big one amongst the group of economists/financial experts who belong to the Austrian school and some see it as one of the most viable options in reforming the monetary system. One of the experts I’m currently following is John Kutyn and he’s also advocate for a gold-based currency:

http://www.gold-eagle.co...als_08/kutyn082509.html

I had read a book called “Confessions of an Economic Hitman” by John Perkins and he gave an interesting perspective of the ‘petroscam’ that accelerated the dollar role as the reserve currency and may give us. Also stumbled onto a blogger who had an interesting view:

http://macromarketmusing.../10/more-on-dollar.html

karanjakinuthia. I appreciate the effort you put into your posts and pray that you’re encouraged by the rest of us to continue sharing your knowledge.
“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
karanjakinuthia
#158 Posted : Tuesday, January 12, 2010 6:15:07 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
@ Scubidu. Asante sana.

The Central Bank of Kenya is not on the World Gold Council's list of nations with gold reserves. Wouldn't it be preferable for the Central Bank to have its reserves in an asset whose value is appreciating? If that's the case, the savvy central banker (there aren't that many) is one who is opting for gold every time its price dips.

The domestic fiat currency system will not leave us as long as politicians have a implicit interest in controlling the economy. The One World Currency or Super Sovereign Reserve Currency would be adopted as part of a two tier system that would only settle international payments leaving nations to their own monetary policies. This would ensure that no nation would export its domestic monetary policies to the rest of the world as is the case with the United States.

Concerning manipulation, it is alive and well in the COMEX (Commodities Exchange) market in New York. The Gold Anti-Trust Action Committee (http://www.gata.org/) over the years highlighted the ongoing manipulation. However, the powers responsible have had limited success as you can only manipulate a market in the direction it wants to go.
karanjakinuthia
#159 Posted : Tuesday, January 12, 2010 6:26:08 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Strategies of China's reform and opening to the world by the "great designer" Deng Xiaoping and Ye Jianying in 1976 are steadily bearing fruit with the "Middle Kingdom" overtaking Germany as the world's largest exporter.

"China has had a few big moments along the way — becoming the world’s biggest holder of US government debt, building up the world’s biggest pool of foreign reserves and boasting the world’s biggest bank by some measures.

And now, the country’s banks are climbing..."

Read more:

http://ftalphaville.ft.c...anks-take-on-the-world/
karanjakinuthia
#160 Posted : Tuesday, January 12, 2010 6:30:36 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Raise your mugs for a toast to the great commodity bull market!

"Tanzanian coffee prices rose to record highs at the first auction of the new year as the season’s supply comes to an end, traders said yesterday.

State-run Tanzania Coffee Board said 6,303 60-kg bags were offered for sale, with 5,156 bags sold. At the last auction, on December 17, 9,159 60-kg bags were offered, with 7,180 bags sold.

“Overall average price at Moshi exchange was up $4.46 per 50 kg for mild arabica and robusta FAQ were down $2.80 compared to the last auction,” TCB said in its weekly report...."

Read more:

http://www.businessdaily...12/-/6a53iy/-/index.html
543 Pages«<1415161718>»
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