Economy Cartoons - US News and World Report

Economy Cartoons - US News and World Report

http://www.usnews.com/opinion/photos/economy-cartoons/75

http://www.usnews.com/opinion/photos/economy-cartoons/75

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

World investors rush to buy gold; prices continue to soar CCTV News

by cctvnewschannel on Aug 19, 2011

Fueled by concerns over the security of bonds, investors all over the world are flocking to gold. Retailers are also benefiting from increasing demand for the yellow metal, and soaring prices. But analysts have a word of warning - what goes up, must eventually go down.

Gold prices have rebounded and continue to soar on the international market. Experts attribute the recent gold rush to investors' weak confidence in European bonds, on the heels of the region's lackluster economic performance.

Wang Na, analyst of Everbright Futures said, "Continuously soaring gold prices are due to investor worries. Concerns were revived by the recently-released European economic results, which were unsatisfactory."

Climbing gold prices on the global market are also reflected in the Chinese market. Although gold prices have hit more than 400 yuan a gram, investor enthusiasm is still high.

A gold investor said, "Gold was only 215 yuan a gram a few years ago. Now the price has nearly doubled. I think gold retains value though, and it has been appreciating. It is worth investing."

Gold retailers are laughing all the way to the bank. Some are even enjoying sales up 70 percent from a year ago.

Wu Jiang, a Xinjing jewelry retailer said, "We have raised our prices by more than 12 percent, as international gold prices have been on the increase. We will continue to watch the trend and make adjustments accordingly."

But experts warn investors to be cautious. They say there are possibilities of price declines in the short term.

Information provided by cctv.com Thank you http://www.cctv.com

To watch CCTV News 24/7 live news feed click here: http://english.cntv.cn/live/

http://www.youtube.com/user/keymastermind77?feature=mhee#p/a/f/0/Uuc2aWJnmQ8

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Harry Dent - The Great Depression Ahead

http://geraldcelentechannel.blogspot.com/2011/08/harry-dent-great-depression-ahead.html

Sunday, August 21, 2011

Harry Dent - The Great Depression Ahead

New York Times Best Selling author of "The Great Depression Ahead:How to Prosper in the Crash that Follows the Greatest Boom in History", Economist specializing in demographics, Harry Dent predicts deflation coming with prices of real estate continuing to fall but he is bullish on the US dollar and not so much on Gold , Harry Dent is a fan of the Australian economist Steve Keen who has been warning about a Deflation for years . 

Dent says we are in for a major crash just ahead, and a decade-long economic slump based on population demographics. The peak of the baby boomers' spending was from 1983 to 2007, and that's why we are seeing a cyclical drop off in the economy, he explained. "All this government stimulus isn't going to work because you can't get older people to spend their money," he added. Dent predicted that real estate values will continue to fall another 20-30% between 2012-2015, before prices are stabilized. 

Debt needs to be restructured, and the "government should only reward banks that write down loans that free up consumers," he suggested. He also advised people to sell their stocks later this year, and get as liquid as possible, as he sees the Dow falling as low as 3300. Interestingly, he believes that the dollar will retain or go up in value during the crash. Based on demographics, he foresees a new global economic boom beginning somewhere between 2020--2022.Harry S. Dent, Jr.lays out the steps in our economic journey, including how we got to this point, the changes we are going through, and what to expect in the years to come. 

As always, there are great investments available, as long as you know what to look for! Mr. Dent is the developer of The Dent Method - an economic forecasting approach based on changes in demographic trends

http://geraldcelentechannel.blogspot.com/2011/08/harry-dent-great-depression-ahead.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

3 Things to Know Before You Buy Gold - finance.yahoo.com/blogs/breakout

3 Things to Know Before You Buy Gold

By Jeff Macke | Breakout – Fri, Aug 19, 2011 10:43 AM EDT

http://finance.yahoo.com/blogs/breakout/3-things-know-buy-gold-144330312.html;_ylt=AnYjU.7YH_Snfu922Khuwhq7YWsA;_ylu=X3oDMTE5MWViMWdpBHBvcwMzBHNlYwNGUEJyZWFrb3V0QmxvZwRzbGsDM3RoaW5nc3Rva25v

Now more than ever, gold is irresistible. It has appeal as a safe haven investment, it's easy to buy as an ETF like the (GLD) which I own, it's become a topic of dinner party conversation, and it goes higher seemingly every day. These facts are both compelling investment themes and traditional signs of an asset bubble. For traders all of that is just noise. The only question that really matters is this: Is it still possible to make money on the long side or is it time to exit via the "golden parachute"?

To give us a best guess on gold's next move Breakout welcomed MF Global's Senior Market Strategist Rich Ilczyszyn (pronounced: "Ilczyszyn"). Joining us from the Chicago Mercantile Exchange, Rich says there are 3 things you have to consider when investing in gold:

1. The debt crisis in the Eurozone is bullish. "Gold isn't a safe haven, it's a currency," says Ilczyszyn. "It's anti-Euro, it's anti-dollar." In other words, as far as gold bulls are concerned, gold is anti-everything collapsing in the Western world.

2. The Fed statement regarding low rates through at least 2013 is bullish for gold. This is another anti-dollar idea with the kicker that the Fed gave us a time frame for just how long yields on Treasuries will be effectively zero. Presumably nothing the Fed may say in Jackson Hole next week will change this fact.

3. At this point in the rally even the bulls are nervous. Or at least both Rich and I are cautious. "Don't just buy and feel comfortable at these levels," he says. Comfort is the enemy for traders. Market strategists who are comfortable are either deluding themselves ("high on their own supply") or selling you something.

Perhaps the greatest curiosity of gold's recent run is the fact that it is impervious to normally bearish influences. The CME raised margin requirements and gold didn't budge. This isn't "supposed" to happen, but it did. Perhaps gold being a global trade is bigger than the CME. Perhaps global demand for gold is such that the price will continue to rise until the last savvy holder sells to the last desperate buyer.

Maybe this time is different. Or maybe not. Ilczyszyn and I pondered some ways to hedge, including scaling into a short position of some industrial metals as a play on the global economy slowing even faster than global paper-money erodes. But that's sort of wonky trader talk.

For most investors the takeaway is point #3: You can be as long gold as you want but you shouldn't be blase about it. Gold is nearly 20% above major trend support. As I'm advising for nearly every asset these days, if you must buy do so in increments rather than one desperate order.

Patience and prudence are virtues no matter what you're buying in this volatile market.

Related Quotes:

GCQ11.CMX

 

1,867.40

 

+18.50 (+1.00%)

GLD

 

179.95

 

+2.23 (+1.25%)

SIQ11.CMX

 

43.67

 

+1.24 (+2.93%)

SLV

 

41.68

 

+2.02 (+5.09%)

PLQ11.NYM

 

1,702.00

 

-172.90 (-9.22%)

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Deutsche Bank employees charged with illegally manipulating Seoul's stock market - BlackListedNews.com

Deutsche Bank employees charged with illegally manipulating Seoul's stock market - BlackListedNews.com

August 21, 2011

Source: AFP

SEOUL — South Korean prosecutors have charged four Deutsche Bank employees with illegally manipulating Seoul's stock market last year to earn more than $40 million on a single day, a report said on Sunday.

Yonhap news agency said the German bank's Seoul securities unit and the four workers -- including three foreigners -- were accused of amassing 44.8 billion won ($41.3 million) through illegal trading on the spot and futures markets.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Peter Schiff: No ceiling for gold prices

by RussiaToday on Aug 20, 2011

Peter Schiff says gold is more than just another precious metal. According to the president of Euro Pacific Capital, gold is a thermometer for the economy. And with gold prices at a high of $1851 an ounce, the economy isn't getting any healthier.

"Gold going up every day is saying that the economy is sick. It's really, really sick," Schiff told RT. Yet, he added, world leaders are ignoring the surge in gold prices as if the increase wasn't telling them something.

As central banks continue to print money while currencies devalue day by day, Schiff said owning gold is a safe haven. Some say treasuries are a safe haven, but Schiff asks, "What is it a safe haven from?" Gold, he said, is an alternative to owning currencies like the US dollar, the euro and the yen, which he said are being created too quickly and in too much quantity.

"I keep hearing people on television saying people aren't buying gold because of inflation," saudSchiff. "Gold is a safe haven from inflation."

Schiff noted that many are still skeptical of buying into gold, citing widespread fear of a bubble ready to pop. He believes, however, that prices are only going to be higher. Schiff said he was right about this before and he is right about this now.

Schiff told RT that the only thing people have to worry about is the devalue of currencies, which continue to go down in value while gold only goes up. "It's not a bubble because gold is not going up," said Schiff. It's paper currency, according to him, that's just losing value. "Gold is simply letting you know that it's occurring."

"Most people would accept gold in exchange for goods," he said. "Gold is money; it's recognized around the world."

And according to Schiff, people need to realize it before it's too late.

RT on Twitter: http://twitter.com/RT_com
RT on Facebook: http://www.facebook.com/RTnews

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.