Bob Chapman The International Forcaster | Economy News | Investing | US Market Information | Gold | Silver | Wall Street Bailouts | Investment Trends | Money Resources | US and Worldwide Politics
By Bob Chapman, September 7th, 2011.
August was sure a barnburner and we believe that was a prelude for an even wilder September. How often do you see gold fall $200.00 in 3 days and recover $187 in 6 days? In our 53 years of involvement in this sector we have never seen anything like this. This shows you what government manipulation is all about. Get used to it, this is what living in a corporatist fascist society is all about.
July saw the stock market lose about $7 trillion and that could just be a forerunner to lower prices and larger losses. CNBC parades the same old characters from Wall Street across the stage to tell us everything is fine, and that all and sundry should remain bullish on America. Realism and truth are subjects they might attempt to explore.
Any professional knows gold does not naturally fall from $1,914 to $1,704 in 3 days.
http://theinternationalforecaster.com/
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.
Thursday, 8 September 2011
CFR.org - Return of the Eurozone Crisis
CFR.org - Return of the Eurozone Crisis
September 7, 2011
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.
September 7, 2011
| Author: | Christopher Alessi, Associate Staff Writer |
|---|
Flags are reflected in a window at the European Council building. (Thierry Roge/Courtesy Reuters)
The eurozone sovereign debt crisis is again feeding European market volatility. After a steep drop Monday and Tuesday, stocks recovered somewhat Wednesday following a ruling by the German high court (Guardian) upholding the constitutionality of the country's participation in recent eurozone bailouts.
But political considerations (Reuters) continue to compound the continent's economic uncertainty. Italy is facing rising government bond yields--raising the amount it must pay to borrow in markets--as it struggles to push through strict austerity measures to tackle its mounting public debt. The so-called troika--the European Union, European Central Bank (ECB), and International Monetary Fund (IMF)--signaled that Greece has been stalling on the implementation of its austerity program, while investors worried once again about an imminent Greek default. At the same time, German Chancellor Angela Merkel is facing resistance (WSJ) from within her own party over a recent EU decision to enlarge the temporary eurozone bailout mechanism, the European Financial Stability Fund (EFSF).
http://www.cfr.org/financial-crises/return-eurozone-crisis/p25769
Business : China, India inflation drive gold
Business : China, India inflation drive gold
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.
| (Reuters) |
| 8 September 2011 |
SINGAPORE - One of the oft-cited reasons for gold’s strong rally this year has been investor concern over the European sovereign debt crisis and fears of renewed global recession, but this argument doesn’t stack up. Demand by what could be termed professional investors has been largely unchanged, as shown by holdings in exchange traded funds and futures contracts.  The real demand growth for gold has largely come from consumers in China and India and from central banks.It’s impossible to know exactly why consumers in Asia have been buying gold, but I suspect that it has very little to do with concerns that Greece may default on its national debt, sparking another banking crisis. More likely, Chinese and Indian buyers of gold are concerned about the prevailing high inflation in their countries and are seeking a hedge. ....... |
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.
Merkel says court ruling confirms German euro policy
on Sep 7, 2011 by AFP
German Chancellor Angela Merkel says that a pivotal court ruling upholding rescue packages for stricken eurozone members confirmed Berlin's policies during the debt crisis. Duration: 00:42.
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