MinKL Invest: 11/11/11

Friday, 11 November 2011

The PEN Ready Project from Olympus

We love this photo by Carson Lee

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.

Police probe bad news for Olympus...uk.reuters.com/video

Breakingviews: Police probe bad news for Olympus (2:18)
Nov. 10 - Prosecutors in Japan only move on a company after they have discovered the ''dead bodies'', says Reuters Breakingviews' Wayne Arnold.
http://uk.reuters.com/video/2011/11/10/breakingviews-police-probe-bad-news-for?videoId=224524562&videoChannel=78

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.

Scandal hit Olympus' shares plunge further

Euronews | Nov 9, 2011

http://www.euronews.net/ Shares of Japanese camera maker Olympus continue to plunge as more details emerge of a financial scandal dating back 20 years. The stock fell by nearly half in just two days this week.

It has now been revealed that Olympus lost huge amounts through investments over a two decade period. One report from the Nikkei news agency said it involves more than 700 million euros worth.

It then covered up those losses by appearing to pay extremely high advisory fees when it took over other companies.

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.

EU dismisses rumours of 'two-tier eurozone'

Euronews | Nov 10, 2011

http://www.euronews.net/ German Chancellor Angela Merkel and officials from France and the EU have denied planning to create a two-tier eurozone, separating the stronger economies from those seen as weak.

Speculation grew after a news agency reported informal talks on the subject had taken place between the two countries. President of Euro Group Jean-Claude Juncker was scathing of the idea: "I'm allergic to such stupidities that are conveyed by some and that aim to put divisions within the euro. The euro is a solid group," he said.

Survive The Banker Sociopaths | International Forecaster Weekly Bob Chapman The International Forcaster

November 9 2011: Crime at the top level of the financial sector, Greece in crisis, MF Global had a curious meltdown, Europe a failure, Merkel tries to save a sinking Greece, the economic heart ripped out of America.

We have been in or associated with gold and silver related assets and commodities for well over 50 years and we find we are not convinced that the failure of MF Global was just that, a failure.
John Corzine’s background makes us wonder if something else may have been afoot. He had been a former CO-chief operating officer of Goldman Sachs, a high-level, political operator and a Senator and governor from New Jersey. From our viewpoint this is cause for questioning.
In 2005 Man acquired Refco, which had failed. That became MF Global. The forced takeover worked out well.
This time it worked out differently. There was liquidation only and all MF Global employees were dismissed and prohibited from functioning. This meant clients were frozen in their accounts, something that heretofore had never happened previously.........

http://theinternationalforecaster.com/International_Forecaster_Weekly/Survive_The_Banker_Sociopaths

Bob Chapman - Real News Radio - Nov. 5, 2011
http://www.youtube.com/watch?v=2wFC4jIFmQQ&feature=email
CHAPMAN UPDATE: Occupy, CFTC, Silver, Tyranny, Gaddafi, B of A Crimes & REVOLUTION
http://www.youtube.com/watch?v=g518UpWhyyQ&feature=email
Bob Chapman - The Barry Paul Show - Nov. 3, 2011
http://www.youtube.com/watch?v=KGrZ2FXOosc&feature=email
Interview 407 – Bob Chapman
Posted by Corbett
http://www.corbettreport.com/interview-407-bob-chapman/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CorbettReportRSS+%28The+Corbett+Report%29

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.

Exxon Mobil Signs Kurd Oil, Gas Exploration Contracts -FT

Exxon Mobil Corp. (XOM) last month signed contracts with the Kurdistan Regional Government, or KRG, to explore for oil and gas in six blocks in the region, the Financial Times reported Thursday, citing an adviser to the KRG....

Dow Jones Newswires   11-10-111715ET

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201111101715dowjonesdjonline000641&title=exxon-mobil-signs-kurd-oilgas-exploration-contractsft

Gold rebuilds the wall of worry...www.stockhouse.com

Gold rebuilds the wall of worry

11/10/2011 2:22:55 PM | Clif Droke

The mainstream press has been asleep on the metal since the bottom of the summer decline, which improves gold's recovery prospects.

Gold has come into its own since October as traders continue to hang on every word coming out of Europe. Investors have breathed a collective sign of relief in recent days as Europe’s financial ministers plan to unveil a new rescue fund next month. In the meanwhile, Italy and Greece are left to deal with their own debt crises until then. Greece must provide written acceptance of bailout terms before it receives its next 8 billion euro loan installment.

European officials are also consulting with credit ratings agencies over options for increasing the rescue fund’s 440 billion euro guarantee into as much as 1 trillion euros. “In the end,” wrote the Wall Street Cheat Sheet, “many investors believe Europe will resort to money printing to ‘solve’ the sovereign debt crisis.” As we’ve discussed in recent reports, gold therefore has a dual impetus to propel its recovery: fear of the unknown in regard to the euro zone crisis and loose central bank monetary policy in response to the crisis..........

http://www.stockhouse.com/Community-News/2011/Nov/10/Gold-rebuilds-the-wall-of-worry

Mineweb.com - Italian uncertainty pushing gold down - but the price fall shouldn`t last - FAST NEWS | Mineweb

Mineweb.com - The world's premier mining and mining investment website Italian uncertainty pushing gold down - but the price fall shouldn`t last - FAST NEWS | Mineweb

Today's Market Morning from Julian Phillips looks at the fear element in the Italian debt situation - too big to fail, too big to bail - and the likely effect on gold.

Author: Julian Phillips
Posted: Thursday , 10 Nov 2011

BENONI -

As fears emanating from Europe spread, the gold price dropped in New York to $1,769 and fell further in Asia to $1,758 ahead of London's opening this morning with the euro also falling to €1: $1.3523 down nearly 2% leaving the gold price in the euro at €1,300, down €18.

The Fix was set at $1,766.00, down $14 with the euro price Fixed at €1,299.007 down barely a euro, while the euro was at €1: $1.3595 down a cent.........

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=139323&sn=Detail&pid=102055

November 10, 2011 Midday Metals Report

IraEpsteinFutures | Nov 10, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales: 866-973-2077

MinKL Invest

Pages