More gold plays

http://www.angelnexus.com/o/web/23399

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...

@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.