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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Greenspan and gold, the most unlikely of bed fellows. Nevertheless, the mainstream investing public is catching the gold bug. Now that the overhead resistance of $1250 has been breached on the upside, $1390 is on its cross hairs. "Alan Greenspan spoke at the Council on Foreign Relations earlier today, and what was his advice? That central bankers should be doing what these columns, among others, have been rattling on about, namely that they should be paying attention to gold. “Fiat money has no place to go but gold,” the former Fed chairman said at the Council, according to economist David Malpass, who quotes Mr. Greenspan in one of Mr. Malpass’ emails on the political economy. Mr. Malpass writes that the former chairman of the Federal Reserve’s board of governors was responding to a question in respect of why gold was hitting new highs...." Read more: http://www.nysun.com/edi...-warning-on-gold/87080/
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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I like the part of the article where it says: Mr. Greenspan’s remarks at the council were not the first time he gave us a glimpse of his views on gold. He discusses gold on several pages of his memoir, “The Age of Turulence,” reminding that he once told a Congressional committee that “monetary policy should make even a fiat money economy behave ‘as though anchored by gold.’” He wrote that he had “always harbored a nostalgia for the gold standard’s inherent price stability.” But he confesses that he’s “long since acquiesced in the fact that the gold standard does not readily accommodate the widely accepted current view of the appropriate functions of government — in particular the need for government to provide a social safety net.”
The American people, he asserted in his book, have for the most part “tolerated the inflation bias as an acceptable cost of the modern welfare state.” And he claimed, “There is no support for the gold standard today, and I see no likelihood of its return.” We’ll hazard a guess that the statement makes him a man more of the past than of the future. But at least some politicians are hearkening to his advice about the price of gold. They’re people like Congressman Ron Paul and his son, Rand, who may yet be a senator, and Governor Palin, who was one of the first to warn about the gold price, and Congressman Paul Ryan, who asked Mr. Greenspan’s successor, Ben Bernanke about gold.“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
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Entertainment Takeover/Joint Venture OfferA Singapore based fund is investing €360 Million into an American Entertainment Company who are rapidly expanding in the Film, Music, Video games entertainment fields. The company currently has $38+ Million in signed acquisitions and another target of $300 million. The company is in process of listing on the Frankfurt (FSE) They are going to use the funding complete their current acquisitions and provide them with a strong base of available funds to continue to acquire synergistic EBITDA positive companies in their space. They are seeking both positive EBIDTA acquisition candidates and possibly one partner currently listed with good liquidity for a JV deal. So they can provide the right party with both the money and the asset to invest in below is the criteria for acquisitions and JV partner. Requirements for Acquisitions (1) Positive EBIDTA companies width an EBIDTA of $2 million or better, preferably $10+ million EBITDA (2) Willing to move quickly and sign pre-IPO (3) Strong management with proven industry track record (4) Based within the entertainment industry (can be tech, service or content related) JV Partner (1) Good chemistry with individuals and between organizations (2) Ability to add value geographically, especially Europe, Asia and Australia (3) Ability to bring strong Intellectual Properties to market, i.e. Film, Music, Video Games, other entertainment including Social Networked games, online video, etc. (4) Currently listed on the Frankfurt (FSE) a positive, but they can drive that process. Please let me know of a good candidate via karanjakinuthia@hotmail.com
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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Some market expert believe that a currency crisis has started. Read more: http://goldscents.blogsp...y-crisis-has-begun.html
http://www.thedailycrux....tent/5826/US_dollar/eml
SHORT SELLER CHANOS: CHINA IS THE NEXT ENRON Read more: http://pragcap.com/chanos-china-is-the-next-enron“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
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The moment BoJ intervened without the consent of its other sisters and big brother US Fed, that was enough a sign to state that it now everybody on his own. All metals have zoomed up since August. Just look at poor man's gold AKA copper's recovery and rally up to 30yr highs... Paper money is going back to where it belongs, zero worth, just pieces of paper... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Gold and silver chart vs boom bust bubbles. http://www.zerohedge.com...rakawa/Gold%20Bubble.jpg$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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U.S. Security Company Seeks $7.5 million in Exchange for EquityUSA existing security (public safety, consulting, training, alarm monitoring & installation, access control, body guard, investigations) company seeks 7.5 million USD in exchange for equity to consolidate 4 existing companies into one LLC and purchase equity in other similar companies to increase market share. Management has over 300 years of combined security industry, real estate, construction and government experience, and their goal is to operate more efficiently and profitably as a whole unique brand, rather than as divided companies and brands. They have profitably managed a multi-million dollar security services firm, and have clients at the local, regional, national and international levels. Clientele that they protect include federal agencies responsible for disaster response and recovery (federal government), national alarm companies, local utility firms, national utility firms (electrical, water), wind generation plant companies (“green” technology), international security companies, celebrity security (estate and travel), Fortune 50 executive protection, natural gas pipelines and terminals, jewelry (diamond import / export) companies, large parcel carrier firms, consulting and investigations firms, national P.I. agency referral firms, national and regional security companies, international banks, A.T.M. servicing firms, city governments (local and state) throughout operating areas, educational facilities and schools, residential communities, homeowners associations, property management firms, hospitals and medical clinics, tobacco manufacturers and distributors, petroleum companies, disaster response and recovery companies, construction companies building clean energy housing and commercial spaces. Please let me know of a good candidate via karanjakinuthia@hotmail.com
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Damn. SPX500 tests 1150 and reverses pronto... Weekly 4yr trendline channel resistance still intact, increasing downside risks. BoE wants more QE through more UK gilt buying. That manages to turns back the euro markets into the red and so does Wall Street follow the south route. If this analysis plays out, I think turning into a farmer will be more lucrative. http://www.youtube.com/watch?v=BoQ7LcYuwIg$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@KK and @Scubidu - Finally gold takes out stops at $1300 price level. Next target $1400 and $1500 soon. Silver too is following big brother steriod stunts. Gold is overbought on the daily and weekly charts, but no slowdown in sight and stubbornly refuses to obey technicals, but only and only fundamentals of a dying fiat money system. Only the Aussie dollar and swiss franc seems to ignore the fate of their paper money family as the USD continues to get roasted. http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/livesilver.html
BoJ Yen intervention on USD at risk of being fully retraced (as usual nobody is bigger than the market even central banks with their printing press) after bogus US consumer confidence data, but US stocks still trying to rally back to April yr highs. Irrational global markets! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://in.reuters.com/ar...idINIndia-35707320080929$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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@hisah. When the banks enter to hype the market you gotta know when to exit. Interesting article on debtflation. Read more: markethttp://www.caseyresearch.com/editorial/3699?ppref=CRX144ED0910C “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
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Scubidu wrote:@hisah. When the banks enter to hype the market you gotta know when to exit. Interesting article on debtflation.
Read more: markethttp://www.caseyresearch.com/editorial/3699?ppref=CRX144ED0910C
Just for the record. I don't subscribe to lame-stream or is it mainstream media. The same applies to those broker houses' 'advice'. If you didn't notice, that Reuters article was published back in Sept 29 2008. Exactly 2 years down the line, this one pops up -> http://af.reuters.com/ar...s/idAFN2711303520100927 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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At least someone has the guts to discuss this US Fed POMO stocks ramp up job  http://www.wealthdaily.c...e-ppt-strikes-again/2745$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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More gold plays http://www.angelnexus.com/o/web/23399$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The credit crisis cycle - http://www.kingworldnews...alen%209%3A24%3A2010.mp3$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://zmarter.com/finan...quotturbulencequot.html
And there you have it Ireland cancels all remaining bond auctions for 2010 citing 'market turbulence'. I thought the global equity markets are rallying since all is very rosy out there. So in this strange month of September global stock rally we have seen BoJ intervene to devalue their Yen against the $, bank of Brazil intervene to devalue their real vs $ as well as bank of Peru. We have the silent bank of Singapore doing the same. We have an IMF that claims to have sold large tons of gold in August yet gold is at record highs - the 10yr chart puts to shame global stocks on the same timeframe. We have seen PIIGS sending out more distress calls in the international bond markets with spiking rates. We have seen the $ resume its sinking status. Very bullish indeed ;-) Red Novctober ahead... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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Here Is How The World's Biggest Bond Funds (And Others, Just Not You) Get Advance Notice Of What The Fed Is About To Do Read more: http://www.zerohedge.com...e-notice-what-fed-about?“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
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@scubidu -> http://www.enterprisecor...tor02-Sep.-30-06.03.jpg
That says it about the lame stream media... The CFTC COT's report shows that big bets have gone into the sell the $ side in forex due to the expected QE v2.0. If the US Fed fails to come up with a mammoth stimulus, that $ will rebound badly with a sell off ensuing in global stocks. A close look at the weekly charts of the major global stock markets indicates a nasty picture if the stimulus package is disappointing. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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For now this firm takes the blame for the incredible May 6th flash crash of the Dow Jones - http://www.youtube.com/watch?v=EQMgdVSekac
But the keyword in this report is that the strict circuit breakers will be in effect until Dec 10th Me thinks another flas clash is coming soon... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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