The EU has erected a levee to halt the crashing waves of a brewing debt storm. Since all member of the EU will contribute to this fund, markets are keen to know the share that already indebted Spain, Portugal and Italy will fork out.

" May 10 (Bloomberg) -- European policy makers unveiled an unprecedented loan package worth almost $1 trillion and a program of bond purchases as they spearheaded a global drive to stop a sovereign-debt crisis that threatened to shatter confidence in the euro.

Jolted into action by last week’s slide in the currency and soaring bond yields in Portugal and Spain, the 16 euro nations agreed to offer financial assistance worth as much as 750 billion euros ($962 billion) to countries under attack from speculators. The European Central Bank will counter “severe tensions” in “certain” markets by purchasing government and private debt...."

Read more:

http://www.bloomberg.com...=aeHrwqUq9G9A&pos=1

Daily Wealth article.

The gist of the article was something I've been telling people for a long time: Gold – more so than any asset right now – has the potential to experience a mania phase... one like we saw in Internet stocks from 1997 through 2000.

A mania phase is a period in an asset's lifecycle marked by leaps of 10% or 20% in a month... 100% or 300% in a year... and 500% or more over the course of several years. Get in early with a big position on a mania phase, and you'll make a fortune. Remember one Internet-mania darling, JDS Uniphase, climbed more than 30-fold in about two years... which would have turned a stake of $20,000 into $640,000.

As that little-read article mentioned, an asset must have one key ingredient to enter mania phase: It must have the "new era" factor... a set of conditions folks can point to and say, "This time is different... The old, conventional methods of valuing assets are useless in this case."

Read more:

http://www.dailywealth.c...d-Enter-Mania-Phase-Soon

Mzee Young. I don't believe we've met, but dude, i just lifted the text of the article, thot it wud be an interesting read (eye-catching). There's not an original thot in that post. KK knows more about this than I do. I was just lounging in the lounge. Take it easy bro...

...but b4 i go, i'd be interested to read those articles that say that Gold will be at 800 USD per tonne. So far ive bin listening to gold advocates. Would appreciate a link or something, later.

Mzee karanja kinuthia

Your points have been noted.

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Awaiting your reply (email only)

Best Regards

Raise your ploughs, to the commodity bull market!

The Debt Crisis in Europe has shattered confidence in bond markets. Look to commodities and common stocks to benefit from investment inflows seeking safety.

"Many firms in Boston’s financial district invest in things you can’t touch: currency futures, index options, credit derivatives and so on.

But on the 17th floor of a high-rise office tower here, more than a 1,000 miles from the nation’s Midwestern farm-belt, buttoned-down strategists at Hancock Agricultural Investment Group are wagering serious money, if not quite betting the farm, on corn, soybeans and other crops.

No, it’s not commodity trading.

Hancock, a unit of Manulife Financial , has so far ploughed more than $1 billion into actual farmland, mostly in the United States..."

Read more:

http://www.businessdaily.../-/g8ocrmz/-/index.html