Monday, February 21, 2011

Currency Call in light of Middle Eastern Crisis

Feb. 21 2011 | How currencies are likely to react in light of Middle Eastern events. The market currently appears to be ambivalent, but that could change and money may begin flowing into European currencies, says Boris Schlossberg, GFT Forex. He adds that higher gasoline prices could seriously damage the U.S. recovery

Dollar Outlook - CNBC Feb. 21 2011

Feb. 21 2011 | The rally in U.S. bonds won't be enough to protect other currencies from weakening against the dollar, says Richard Yetsenga, global head of emerging market FX strategy at HSBC. He shares his outlook with, Adrian Mowat of JP Morgan and CNBC's Karen Tso & Martin Soong.

Oil Super Spike! Silver Breaks $34 an ounce!!!

Gold is going CRAZY right now! I saw it go up 60 bucks in the last 5 days.. silver up 4 bucks in the same time We aren't breaking even with the rest of the world yet. Silver overseas is trading at over $45. When we hit that, then we can start seeing the real rises in price.US will never ever (or afford to) pay back the loans from China, Japan, Saudi, Korea, Taiwan..... Someone works out it will take 40 + years 40 + years....if the US decides to pay back 1 billion dollars a day. Yep, most of us would be gone by then.

Oil is going to be at the center of our problems. Middle East instability is heating up. Never mind peak oil just the instability alone will cause oil production slow. Saudi Arabia is firing on its own people this will only escalate things. The whole region is on fire right now. Oil, Metals, all commodities are going nuts. Treasuries are sun setting making me feel something big is coming soon.
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