MinKL Invest: 05/30/11

Monday 30 May 2011

Recession in China could be a technical recession - THE MARC FABER BLOG

SUNDAY, MAY 29, 2011

Recession in China could be a technical recession

Marc Faber : ..recession in China could be a technical recession , if you go and slow down from a growth rate of say ten percent to a growth rate of three percent then there is a recession , also I do not believe in the growth rate that China publishes , because if you had adjusted nominal GDP for the true rate of inflation then real growth is of course much slower , you know I want to tell you something that disturbs me in all emerging economies and in many other developed economies , from my taste in front of luxury hotels there are far too many Ferraries and Maseraties and Bentleys and this is not a good sign , you should see depression when conditions are depressed . I see a boom everywhere except for the working class and except for the lower middle class , but among the well-to-do people the wealth that is floating around and the prices you pay for high end properties is incredible and I think that will come to an end and a lot of people will lose a lot of money and so I am ultra careful at the present time ....." Marc Faber interviewed by Bloomberg TV May 25 2011

Related ETFs: SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG) Agriculture Fund (DBA), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT) United States Oil Fund (USO), SPDR Gold ETF (GLD), Powershares DB Agriculture ETF (DBA) SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Inflation in the US is ten percent

Marc Faber : "...we had a huge run in asset prices , from the lows in March 2009 until recently , I do not think they will continue to go up a lot , I rather think that QE2 will come to an end that we will have a correction and then we will have more money printing but it may not help the economy at all "

"...I think what will happen is that these deficits will stay very high and that they will lead to very high inflation rates most likely hyperinflation not tomorrow but over time , all I can say is I travel a lot and I am surprised that the US can publish a consumer price index of two percent when everything I see is up significantly in price not a little bit , significantly and so I think here the rate of inflation has to be closer between 5 and 10 percent ,in my opinion closer to ten percent than five percent ,and elsewhere I also see prices going up substantially and so the potential for high inflation is actually there ....."
in an interview with Bloomberg TV 25 May 2011

Related ETFs: SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG) Agriculture Fund (DBA), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT) United States Oil Fund (USO), SPDR Gold ETF (GLD), Powershares DB Agriculture ETF (DBA) SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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110530 - Hyper Report

May 30, 2011

Hyper Report is sponsored by FutureMoneyTrends.com (http://futuremoneytrends.com/ )

Source Links for Today's Items:

The Door is About to Shut for Americans
http://www.dollarvigilante.com/blog/2011/5/26/the-door-is-about-to-shut-for-a...

U.S. Dollar Could Collapse
http://www.globalnews.ca/world/dollar+could+collapse/4839011/story.html

A Frightening Satellite Tour Of America's Foreclosure Wastelands
http://www.businessinsider.com/satellite-tour-foreclosure-wastelands-2011-5#i...

Shale Boom in Texas Could Increase U.S. Oil Output
http://www.nytimes.com/2011/05/28/business/energy-environment/28shale.html?_r=1

Forget the Spin. Taxpayers Still on the Hook for Auto Bailouts
http://washingtonexaminer.com/opinion/2011/05/forget-spin-taxpayers-still-hoo...

Extreme Paranoia
http://theeconomiccollapseblog.com/archives/extreme-paranoia

Please prepare now for the beginning of the economic and social unrest.

The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this

information.

This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate

an opinion, or for educational purposes...

Thank you.

Forex @ DailyFX - Crude Oil Likely to Decline While Gold Gains on Soft US Economic Data

Crude Oil Consolidation to Yield to Renewed Selling

WTI Crude Oil (NY Close): $100.59 // +0.36 // +0.36%

Prices continue to consolidate below the 38.2% Fibonacci retracement of the drop from the May 2nd high at $102.35. A break above this boundary exposes the 50% level at $104.73. Broadly speaking, anything shy of that keeps the overall structure broadly bearish. Near-term support stands at the psychologically significant $100 figure, followed by the 5/6 low at $94.65.

A quiet session is ahead, with futures markets closing early in the US for the Memorial Day holiday. Prices came under pressure overnight, which newswires chalked up to positioning ahead of this week’s packed US economic calendar that threatens to show the world’s top economy is meeting with strong headwinds. Most critically, separate reports are expected to show that growth in the US manufacturing sector slowed for the third consecutive month in May to the weakest pace since October 2010 while the economy added just 185,000 jobs, the least since January.

Indeed, a Citigroup index tracking positive US economic surprises suggests the trend in data releases has been pointing to steadily deterioration. The rapid approach of the expiration of QE2 – set to conclude with the Fed’s final bonds purchase on June 9 – ought to compound downward pressure. As we have suggested repeatedly over recent weeks, the program’s end is likely to precede a rise in US borrowing costs through the second half of the year, which is likely to unleash a short-term unwinding of bets on a range of risky assets (including crude) as well as long-term downward pressure on economic growth when it is already clearly fragile.

Crude_Oill_Likely_to_Decline_While_Gold_Gains_on_Soft_US_Economic_Data_body_Picture_3.png, Crude Oil Likely to Decline While Gold Gains on Soft US Economic Data

Commodities – Metals

Gold to Extend Rebound Amid Risk Aversion

Spot Gold (NY Close): $1536.40 // +17.25 // +1.14%

Prices have taken out resistance at $1533.12, the 61.8% Fibonacci retracement of the drop from the May 2 high, clearing the way for an advance to the 76.4% level at $1549.91. The 61.8% Fib has been recast as near-term support, with a break back below that targeting the 50% retracement at $1519.55.

Gold’s recently rediscovered role as a safe haven asset may allow the metal to rise this week if the pessimism felt overnight about the upcoming set of US economic releases persists upon the return of liquidity to the markets following the Memorial Day holiday. The reemergence of Euro Zone sovereign risk fears over the weekend further bolster the case for short-term gains. Greek CDS rates hit the highest in a week overnight after Der Spiegel reported the country would not meet any of the fiscal goals set out in the terms of the EU/IMF bailout deal.

Crude_Oill_Likely_to_Decline_While_Gold_Gains_on_Soft_US_Economic_Data_body_Picture_5.png, Crude Oil Likely to Decline While Gold Gains on Soft US Economic Data

Spot Silver (NY Close): $37.99 // +0.69 // +1.86%

Prices are wedged between $36.44 and $38.99, the 23.6% and 38.2% Fibonacci retracements of the 4/25-5/6 decline, respectively. The correlation between gold and silver remains iron-clad, hinting the cheaper metal is likely to follow its more expensive counterpart higher if risk aversion grips financial markets anew. As we have noted previously, a significant inverse correlation between the gold/silver ratio and the S&P 500 hints the yellow metal will outperform if a flight to safety materializes.

Crude_Oill_Likely_to_Decline_While_Gold_Gains_on_Soft_US_Economic_Data_body_Picture_4.png, Crude Oil Likely to Decline While Gold Gains on Soft US Economic Data

For real time news and analysis, please visit http://www.dailyfx.com/real_time_news

Peter Schiff On Dollar Confidence, China Buying Portugal's Debt & QE3

May 27, 2011

May 26 2011 Fast Money CNBC -- Peter shiff

`It's Not Possible' for Greece to Repay Its Debts...Grant Says