Friday, December 3, 2010
Commodities Report: December 3rd, 2010
Oil futures are higher this morning after ending yesterday at their highest levels in 25 months. The gains are being supported by the U.S. dollar falling against other currencies as concerns over Europe's debt problems waned and traders looked to take on more risk.
Gold is down slightly today, reflecting the rising risk trade.
At last look, crude oil for January delivery was $88.08 a barrel, $0.08 above Thursday's close. The steady rise for oil over the past two days has been carried by rising confidence in the U.S. economy -- despite this morning's disappointing November payrolls report -- and is helping fuel new M&A activity in the sector as companies position themselves for future demand.
In today's moves, Walter Energy (WLT) said it was buying Western Coal Corp (WTN.TO) for $3.3 billion, creating a company with combined capacity of 385 million tons of coal. Exxon Mobil Corp (XOM) and Chevron Corp (CVX)., meanwhile, were shaking off persistently low natural gas prices in recent months to sign separate development pacts for deepwater well off Indonesia.
Front-month natural gas contracts were flat to slightly higher this morning around $4.33 per million cubic square feet.
Wheat and other grains also are poised for their second weekly advance in a row, climbing just under 10% through yesterday's close on weather woes in the U.S., China and Australia will hurt global supplies.
Wheat futures for March delivery settled at $7.575 a bushel at the Chicago Board of Trade yesterday after earlier reaching $7.675, its highest level since early August. Analysts said rain is slowing the harvest in Australia, increasing pressure on American farmers to keep up with demand just as the major wheat-growing regions become more parched.
Several areas in China also are experiencing near-drought conditions, according to the Ministry of Agriculture.
Chinese Fake Gold fooled reputable jewelers
Fake Chinese Gold in Honk Kong using special alloys involving 7 metal elements that was able to fool reputable jewelers ....
Thursday, December 2, 2010
Michio Kaku : Don't Expect NASA To Announce That We've Captured A Flying Saucer!
December 02, 2010 MSNBC
Stepping out on commodities
In HOT COMMODITIES by Jim Rogers, he shared that commodities are less risky than stocks and less sluggish than bonds and commodities are where the money is -- and will be in the years ahead. It's all about putting your money into stuff you understand, the basic materials of everyday life, like cooper, sugar, cotton, corn, or crude oil.
Market Close Wrap-Up: December 2, 2010
"The major U.S. equity indices closed higher Thursday, on news from Freddie Mac regarding a boost in mortgage rates, signaling a brighter economic outlook.
Officials from Freddie Mac said that the average 30-year fixed loans rate jumped 4.46%, up from 4.40% last week.
The average 15-year loan also increased, from 3.77% to 3.81%.
In corporate news, Limited Brands, Inc. (NYSE:LTD) reported a 10% jump in sales during November for stores open at least one year; Thomson Reuters analysts forecast a sales boost of 4%. Net sales during November rose 14% to $893 million.
PepsiCo, Inc. (NYSE:PEP) officials announced the company's planned 66% stake purchase in Russian food and beverage firm Wimm-Bill-Dann Foods OJSC (NYSE:WBD). The majority stake purchase will cost $3.8 billion, and according to PepsiCo officials, will help boost the firm's worldwide annual revenues from nutritious and functional foods by about $3 billion, to $13 billion.
The Dow Jones Industrial Average (DJI) closed 0.95% higher at 11,362, the S&P500 (INX) closed 1.28% higher at 1,221, and the Nasdaq Composite (IXIC) closed 1.17% higher at 2,579."
Officials from Freddie Mac said that the average 30-year fixed loans rate jumped 4.46%, up from 4.40% last week.
The average 15-year loan also increased, from 3.77% to 3.81%.
In corporate news, Limited Brands, Inc. (NYSE:LTD) reported a 10% jump in sales during November for stores open at least one year; Thomson Reuters analysts forecast a sales boost of 4%. Net sales during November rose 14% to $893 million.
PepsiCo, Inc. (NYSE:PEP) officials announced the company's planned 66% stake purchase in Russian food and beverage firm Wimm-Bill-Dann Foods OJSC (NYSE:WBD). The majority stake purchase will cost $3.8 billion, and according to PepsiCo officials, will help boost the firm's worldwide annual revenues from nutritious and functional foods by about $3 billion, to $13 billion.
The Dow Jones Industrial Average (DJI) closed 0.95% higher at 11,362, the S&P500 (INX) closed 1.28% higher at 1,221, and the Nasdaq Composite (IXIC) closed 1.17% higher at 2,579."
The Rise and Fall of the Home-Ownership Myth | Douglas E. French
Jeffrey Tucker interviews Mises Institute President Doug French, author of 'Walk Away: The Rise and Fall of the Home-Ownership Myth'. Doug and Jeff also discuss the new "pocket edition" of Mises's 'Human Action'. Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on 1 December 2010.
Peter Schiff: the FED creates money out of thin air
Peter Schiff : the FED creates money out of thin air . As Russia is set to receive a huge economic boost due to the announcement today that they will host the World Cup in 2018, the United States is still suffering from a sluggish economy that is not producing jobs. At the height of the financial crisis, major financial institutions needed a bailout from the US government but the US yet to impose stricter financial regulations, weakening the US dollar.
Holiday Year End Melt Up
http://www.royalmetalsgroup.com/With Stocks, Precious Metals & Commodities up, one can only assume that we are in a "Year End Meltup". With China & Russia giving up on the dollar, the question is when will the US economy face the same type of inflation that is now devastating food prices in China. QE2 to infinity is not a sound economic policy. Other countries will only allow the exporting of Inflation for so long. When other countries, like Russia and China, begin to move away from the USD, what contingency plans to we have left.
NASA confirms: Aliens are among us
NASA held a press conference Thursday afternoon in which they revealed the discovery of arsenic-based life forms on Earth. Many believe that this proves there is the possibility life was or is on other planets already. Space Entrepreneur Jeff Manber says this is a huge discovery because it changes the way scientists view how life can be sustained.
Expect Turbulence in Forex Markets
Dec. 2 2010 | “On balance, I think the global economy remains in reasonable shape…over the next few week I expect we’re going to see a lot more turbulence on the currency markets though,” Lim Say Boon, chief investment officer at DBS Bank told CNBC.
Where is Crude Oil Headed?
Dec. 2 2010 | A look at where crude Oil is headed, with Addison Armstrong, Tradition Energy; Peter Costa, Empire Executions and CNBC's Sharon Epperson.
Mortgage Foreclosure Settlement Delayed
FBN's Charlie Gasparino on a mortgage foreclosure settlement with banks being delayed into the new year.
Rich dad, poor dad aljazeera interview
Riz Khan - Rich dad, poor dad - 24 Nov 09
Are we programmed to be financially illiterate? Do our schools mass produce graduates destined to work for someone else?In 1997, Robert Kiyosaki, a US entrepreneur, decided to self-publish a brochure with advice on investing and personal finances.
That publication, Rich Dad, Poor Dad, and its sequels went on to sell more than 26 million copies in 38 different languages.
Canadian Maple Leaf Gold Coin
Canadian Maple Leaf Gold Bullion Coin is one of most popular pure gold coin in the world produced by the Royal Canadian Mint Guaranteed by the Government of Canada and traded in world markets since 1979,over 20 million troy ounces have been sold since then .The Mint's high-tech plant in Winnipeg produces over 1 billion circulation coins each year. Universally recognized for quality and purity Gold Canadian Maple Leaf coins have become some of the most desirable bullion coins in the world today. Available in four sizes of, one-ounce, half-ounce, quarter-ounce and one-tenth ounce, all are beautifully struck with a gold purity of .9999. As a government issued gold bullion coin, it was the second to become available, after the South African Krugerrand.
The Canadian Maple Leaf Gold Coin from the Royal Canadian Mint is Canada's Gold Bullion.
Canadian coin collecting of the Maple Leaf Gold Coin is because of its high coin values and gold content.
Manufactured in Canada by the Royal Canadian Mint, the Canadian Maple Leaf Gold Coins are made with 99% pure gold bullion.
The Canadian Maple Leaf Gold Coin from the Royal Canadian Mint is Canada's Gold Bullion.
Canadian coin collecting of the Maple Leaf Gold Coin is because of its high coin values and gold content.
Manufactured in Canada by the Royal Canadian Mint, the Canadian Maple Leaf Gold Coins are made with 99% pure gold bullion.
Bob Chapman with Melody Cedarstrom of Financial Survival 29 Nov 2010
Bob Chapman on Discount Gold and Silver Trading Nov 29 2010
Bob Chapman with Melody Cedarstrom of Financial Survivavl 29 Nov 2010Bob Chapman wrote in the international forecaster of the 1st Dec 2010 "....A very important event is that China and Russia are going to quit using the US dollar. This is big news. In spite of the current USDX dollar rally it will reduce demand for dollars and expedite the dollar’s demise. Once the dollar rally, induced by European problems is over, the dollar should take out 74 on the USDX. Current US insolvency is being ignored as the five-euro zone PIGGS get gored.
In addition, we wonder whether even the strongest country, Germany, can survive the onslaught of the 5 PIGGS and their financial problems. The Germany people are very upset that they have to bail out these Club Med countries. The US has the same problem with large liberal states with vast amounts of illegal aliens that are broke and will have to depend on the federal government for perpetual funding. Accompanying that funding will come further Federal control...."
Should You Buy $1,400 Gold ?
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says why gold's breakout is not a fake out and reveals if an investor should buy at these high...
Will Rhind,.....What is this time we know -- seen the correction in gold and a few weeks ago. The markets stabilize from that we sought to build a little bit of -- And this on the 14100 fake there's a bit more. Political concern now that. That more economic concerns specifically in Europe and therefore go prices -- supportive of this level. How much of it is -- on debt fears and how much administrative technical trading headed into the year. What think that right now from my perspective program from our primarily driven by Euro zone debt crisis -- the moment. I'm a little bit of heightening tension in the Korean Peninsula as a political risks coming and that's -- the end of the year. But also we've seen some pretty good job numbers out today in the US. The economy looks to be getting a little better and therefore gold is moving up as a result of this of risk asset trade all of stronger dollar however we do continue to -- pressure on your vehicle prices....
Will Rhind,.....What is this time we know -- seen the correction in gold and a few weeks ago. The markets stabilize from that we sought to build a little bit of -- And this on the 14100 fake there's a bit more. Political concern now that. That more economic concerns specifically in Europe and therefore go prices -- supportive of this level. How much of it is -- on debt fears and how much administrative technical trading headed into the year. What think that right now from my perspective program from our primarily driven by Euro zone debt crisis -- the moment. I'm a little bit of heightening tension in the Korean Peninsula as a political risks coming and that's -- the end of the year. But also we've seen some pretty good job numbers out today in the US. The economy looks to be getting a little better and therefore gold is moving up as a result of this of risk asset trade all of stronger dollar however we do continue to -- pressure on your vehicle prices....
Energy Secretary on Offshore Drill Ban Extension
Dec. 2 2010 | The US will uphold a ban on offshore drilling for seven years in key areas, including the eastern part of the Gulf of Mexico, until stronger safety measures are put in place. US Energy Secretary Steven Chu discusses this and more with CNBC.
Helmut Siekmann, Euro Zone Not in Danger
Dec. 2 2010 | The Euro zone is not facing any "real danger" during the European banking crisis, according to Helmut Siekmann, chair of money, currency and central bank law at the Institute for Monetary and Financial Stability.
Fed Wealth Grows While Others Drown In Debt
An excerpt from Bob Chapman's weekly publication.
December 1 2010: The Fed grows richer at our expense, Wikileaks news links, desperate things for desperate people, the clarion call of gold, black friday unremarkable, countries drown in the debt of other countries.
The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.
Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
read more >>>>
December 1 2010: The Fed grows richer at our expense, Wikileaks news links, desperate things for desperate people, the clarion call of gold, black friday unremarkable, countries drown in the debt of other countries.
The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.
Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
read more >>>>
David Tice Gold should be at $6000/oz
David Tice the case for Gold , we are making it worse down the road , QE2 is counterfeit money , we are debasing the currency we will have inflation of more than 10% , we should let the economy cleans itself , more foreclosures got to happen we have to go down before we go up ....says David Tice
Wednesday, December 1, 2010
Robert Kiyosaki - 60 Minutes To Getting Rich
Robert Kiyosaki - 60 Minutes To Getting Rich - cashflow 101 kiyosaki "robert kiyosaki" rich dad poor dad "cashflow 202"
CIA Manchurian candidates
A group of military veterans in California are suing the CIA over allegedly implanting remote control devices in their brains. They allege the spy agency was on a quest to turn humans into robot-like assassins via electrodes planted in their brains.
Access The Power of Your Subconscious Mind
Master Your Mind and Change Your Life: Worldwide Success Stories, University Studies & Proven Results.
Market Close Wrap-up -- December 1, 2010
" The major U.S. equity indices closed higher Wednesday, following a positive U.S. economic growth survey from the Federal Reserve.
The survey found that 10 out of 12 of the Fed's regions have experienced some form of economic growth.
Boston, Dallas, Atlanta, Cleveland and San Francisco reported a ""slight to modest"" pace of growth; Chicago, New York, Minneapolis, Kansas City and Richmond reported a ""somewhat stonger"" pace of growth; and Philadelphia and St. Louis reported mixed growth conditions.
The Fed reported a boost in sales for most retailers in the nation, as well.
In corporate news, most automakers reported sales gains during November, with Toyota Motor Corp. (NYSE:TM) as the exception.
Toyota reported a 3.3% year-over-year sales dip during the prior month, with 129,317 cars and trucks sold in the U.S.
However, General Motors Corp. (NYSE:GM), Honda Motor Co. (NYSE:HMC), Ford, Nissan, Chrysler and Hyandai all reported double-digit sales gains in November.
The Dow Jones Industrial Average (DJI) closed 2.27% higher at 11,255.78, the S&P500 (INX) closed 1.64% higher at 1,206.07, and the Nasdaq Composite (IXIC) closed 2.05% higher at 2,549.43."
Pink Diamond Breaks Record at Christie's Hong Kong Auction
Pink Diamond Breaks Record at Christie's Hong Kong Auction
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]:
"The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]:
"We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]:
"The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]:
"We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
Bob Chapman : The Euro will collapse just a matter of time
Bob Chapman on Radio Liberty 29 Nov 2010
Bob Chapman wrote in the International Forecaster of the 1st December 2010 : "....On a European note, Germany cannot keep paying for bailouts without going bankrupt itself. Germany is drowning in the debt of other countries.
Assets under management in commodities hit a record high of $340 billion in October.
A very important event is that China and Russia are going to quit using the US dollar. This is big news. In spite of the current USDX dollar rally it will reduce demand for dollars and expedite the dollar’s demise. Once the dollar rally, induced by European problems is over, the dollar should take out 74 on the USDX. Current US insolvency is being ignored as the five-euro zone PIGGS get gored...." etc...
Eur/USD Seen Capped at 1.3180 - Ashraf Laidi,
Dec. 1 2010 | Ashraf Laidi, chief strategist at CMC Markets talked to CNBC ahead of the European Central Bank's meeting on Thursday and its potential impact on currencies.
$500 Silver if you want it - Max Keiser
John & Yoko Style: $500 silver will put bankers out of business
Watch full episode of The Keiser Report №100 on Thursday.who is The Rich Dad ?
Robert Kiyosaki : He's a rich man. He's managing the family estate. I published Rich Dad, Poor Dad in 1997, and both my real dad and my other dad were dead. If I had written the book while my real dad was still alive, he'd have killed me."
in a time interview on July 13 2009
Read more: http://www.time.com/time/magazine/article/0,9171,1908418-1,00.html#ixzz16skhJCVP
in a time interview on July 13 2009
Read more: http://www.time.com/time/magazine/article/0,9171,1908418-1,00.html#ixzz16skhJCVP
How to Trade Gold Futures in 2011
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his gold trading strategy for 2011.
Phil Streible"....You know we're years and any of that weakness here we could see what -- you know some of the -- requirements were increased. -- from the exchanges on metals futures and that's been a while are we saw initially a steep pullback on net. Or use those opportunities is still bill positions and that -- solar market if you look Nicholas allred it appeared on -- into foreign currency is whether this dollar Euro the British pound. Are basically and you don't gold prices -- from that and what it's all too is that it's an asset class is working on its own it's continuing to rise....."
Phil Streible"....You know we're years and any of that weakness here we could see what -- you know some of the -- requirements were increased. -- from the exchanges on metals futures and that's been a while are we saw initially a steep pullback on net. Or use those opportunities is still bill positions and that -- solar market if you look Nicholas allred it appeared on -- into foreign currency is whether this dollar Euro the British pound. Are basically and you don't gold prices -- from that and what it's all too is that it's an asset class is working on its own it's continuing to rise....."
Gold price rising
Gold price rising The yellow metal gained 0.6% on the day before taking to $ 1,394.25 an ounce, the highest level since 12 November
Gold, Oil, Copper All Higher as New Month Begins
Gold and oil both are advancing Wednesday as the U.S. dollar backed away from its highest levels in two weeks ahead of European officials meeting on Thursday to work on steps to keep the region's debt problems from further spreading. Copper also is higher.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Gold, Oil, Copper All Higher as New Month Begins
Gold and oil both are advancing Wednesday as the U.S. dollar backed away from its highest levels in two weeks ahead of European officials meeting on Thursday to work on steps to keep the region's debt problems from further spreading. Copper also is higher.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Gold, Oil, Copper All Higher as New Month Begins
Gold and oil both are advancing Wednesday as the U.S. dollar backed away from its highest levels in two weeks ahead of European officials meeting on Thursday to work on steps to keep the region's debt problems from further spreading. Copper also is higher.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
Bob Chapman on The National Intel Report - 30th Nov
Johm Stadtmiller and Bob Chapman, Intel Report .There is no doubt that national paper currencies are collapsing.It is a good idea to put some of your savings into both gold and silver. Most folk lack the information required to make a sound decision on buying Gold, You cannot afford to let this happen to you!
Bob Chapman wrote in the International Forecaster of the 27th November 2010 :"...If QE2 is terminated at $600 billion watch out, because the economy will head straight into a great dark pit. All the numbers we see are signaling a strong need for more than $600 billion...."
Bob Chapman wrote in the International Forecaster of the 27th November 2010 :"...If QE2 is terminated at $600 billion watch out, because the economy will head straight into a great dark pit. All the numbers we see are signaling a strong need for more than $600 billion...."
Tuesday, November 30, 2010
Interview With David Morgan About Silver Manipulation
An exclusive interview with David Morgan of Silver-Investor.com about the silver manipulation, differences of paper silver and what we are thankful for.
World At A Boil With War And Economic Crisis
An excerpt from Bob Chapman's weekly publication.
November 27 2010: Koreas prepare for war, Fed beyond point of no return, silver manipulation charges, Ireland in economic collapse, pondering foreclosuregate, more Madoff fallout, TSA patdowns despised,
There is no question that the world is at a boil. Germany is drawing anger; N. Korea has attacked S. Korea; flaying about the FED’s Mr. Bernanke blames China for America’s sad economic and financial dilemma; five suits, class action and RICO, have been filed against JPMorgan Chase and HSBC for having manipulated silver prices and class actions are rumored to be in process for naked shorting, which has been rampant in the market for years, a felony hedge fund investigation of insider trading, which the SEC has absolutely refused to pursue. The US is still occupying Iraq and has a war raging in Afghanistan to protect the opium and marijuana crops, the largest in the world, which generate $300 billion in profits a year. Socialists, having recently relinquished power in the US House of Representatives are calling Republicans an axis of depression. The socialist, what they cannot control, they attempt to destroy. It reminds us of Italy’s communists.
The New Fed policy of QE2 is considered by US detractors to be a step too far. The Fed has entered the inner sanctum of realm of no return. If QE 2 and a hidden QE3 don’t work, then the monetary game is over. The Fed is in a desperate position and instead of letting depression take its course, the groundwork of which was caused by the Fed, Wall Street and banking, it is again rolling the dice intent on extending and buying time. If the Fed and its owners refuse to bite the bullet great inflation will ensue dependent on the size of QE2. If it were to stay at $600 billion inflation would increase. If the Fed is forced to increase the injection to more than $2 trillion there will be far more inflation. Unfortunately, we cannot depend on government statistics because government has a track record and propensity for masking the truth. There are those that believe that this is a monetary experiment and that it is not. What we are seeing has been tried in different forms for centuries, quite unsuccessfully. As a result, to thinking people, the Fed and Mr. Bernanke have lost most of their credibility, and that view is justified. Mr. Bernanke’s recent reference to “rebalancing the global economy” is just another effort to justify current monetary policy. What Mr. Bernanke is really advocating is a world balancing where countries with surpluses use those funds to assist those with deficits. He wants a global village where interests of individual countries must reflect the interests of the global economy as a whole. Of course, nowhere to be found is sovereignty in this planned redistribution of assets.
read more >>>>>
November 27 2010: Koreas prepare for war, Fed beyond point of no return, silver manipulation charges, Ireland in economic collapse, pondering foreclosuregate, more Madoff fallout, TSA patdowns despised,
There is no question that the world is at a boil. Germany is drawing anger; N. Korea has attacked S. Korea; flaying about the FED’s Mr. Bernanke blames China for America’s sad economic and financial dilemma; five suits, class action and RICO, have been filed against JPMorgan Chase and HSBC for having manipulated silver prices and class actions are rumored to be in process for naked shorting, which has been rampant in the market for years, a felony hedge fund investigation of insider trading, which the SEC has absolutely refused to pursue. The US is still occupying Iraq and has a war raging in Afghanistan to protect the opium and marijuana crops, the largest in the world, which generate $300 billion in profits a year. Socialists, having recently relinquished power in the US House of Representatives are calling Republicans an axis of depression. The socialist, what they cannot control, they attempt to destroy. It reminds us of Italy’s communists.
The New Fed policy of QE2 is considered by US detractors to be a step too far. The Fed has entered the inner sanctum of realm of no return. If QE 2 and a hidden QE3 don’t work, then the monetary game is over. The Fed is in a desperate position and instead of letting depression take its course, the groundwork of which was caused by the Fed, Wall Street and banking, it is again rolling the dice intent on extending and buying time. If the Fed and its owners refuse to bite the bullet great inflation will ensue dependent on the size of QE2. If it were to stay at $600 billion inflation would increase. If the Fed is forced to increase the injection to more than $2 trillion there will be far more inflation. Unfortunately, we cannot depend on government statistics because government has a track record and propensity for masking the truth. There are those that believe that this is a monetary experiment and that it is not. What we are seeing has been tried in different forms for centuries, quite unsuccessfully. As a result, to thinking people, the Fed and Mr. Bernanke have lost most of their credibility, and that view is justified. Mr. Bernanke’s recent reference to “rebalancing the global economy” is just another effort to justify current monetary policy. What Mr. Bernanke is really advocating is a world balancing where countries with surpluses use those funds to assist those with deficits. He wants a global village where interests of individual countries must reflect the interests of the global economy as a whole. Of course, nowhere to be found is sovereignty in this planned redistribution of assets.
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Gold Prices Ready for a Breakout
NEW YORK (TheStreet) -- Brian Hicks, co-manager of the U.S. Global Investors Global Resources Fund, says he thinks gold prices are ready to pop.
Brian Hicks,: "....we've been bullish -- for some time -- really the the factors that are driving gold remain in place. -- issues with what's happening in Europe the sovereign debt crisis. That's been ongoing. For about the last six to nine months yourself and it doesn't look like workers she released any time soon. That's drawing a lot of money flows out of the Euro. In Q gold as well the --
But despite -- double digit and that -- seem like old. Stuck in some kind of trading range we can't -- take to really break and hold that thirteenth fourteenth and end up.
Well I actually. From personal standpoint I think we are nearing. -- Just looking at the charts and and looking at the news flow -- such. I think will be north of 14100 -- between now and year and I think that momentum is starting to. Pick up...."
An Insider Look into the CASHFLOW Board Game
From Chapter 9, Robert Kiyosaki provides an overview and insider's look into the creation of the CASHFLOW Game – and getting out of the rat race!
An Insider's Look into the CASHFLOW Board Game from Conspiracy of the Rich on Vimeo.
An Insider's Look into the CASHFLOW Board Game from Conspiracy of the Rich on Vimeo.
Explorer Hunts for Gold in Idaho and Nevada
Sean Brodrick interviews two executives from Western Pacific, an explorer that's sitting on a big gold deposit and is on the hunt for a lot more.
President Eisenhowers Secret Meeting With ETs 1955
Disclose.tv - President Eisenhowers Secret Meeting with ETs 1955 Video
Art Campbell Brings with him to this years X-Conference an astounding story backed up with witness testimony. Manuel Kirklin, was an Air Force Medic and high altitude chamber specialist stationed at Holloman AFB in 1955. Kirklin details several eye witness reports of President Eisenhower at Holloman on or about February 11th, 1955 in Ike's third year of his first term. After Ike's arrival at Holloman, two UFOs flew over the flight line; one landed near Iks's plane, Columbine III, and Ike went aboard. What was intriguing about the incident was that the President snuck away from thirty or so reporters while on a bird hunting expedition near Thomasville, GA during high international tension over Formosa (Taiwan). Campbell's investigation includes information through guards assigned to the president, the complete flight records and two additional independent witnesses who give LIVE video taped testimony. This story and the trail of investigation that followed provide compelling proof that President Eisenhower did indeed met with beings from another planet at Holloman AFB in 1955.
The X-Conference is pleased to welcome UFO Researchers Art Campbell and Manuel Kirklin
The X-Conference is produced by X-PPAC (Extraterrestrial Phenomena Political Action Committee) and The Paradigm Research Group, who's mission is to educate Congress, the Press and the Public about the Government imposed "Truth Embargo" and to bring about formal acknowledgment by the U. S. Government of an Extraterrestrial presence engaging the Human Race - Full Disclosure. UFOTV is pleased to present what will be all of the presentations that were given by all the invited speakers at each of the X-Conference events. Stay tuned as we continue to upload further video coverage.
We apologize for the commercials during this online presentation. As stated on our main channel page, the advertising revenue from this program helps to cover the heavy production costs of putting on the yearly X-Conference event.
DVDs from this historic and ongoing X-Conference event will be available shortly. Go to http://www.UFOTV.com. Keyword - "X-Conference"
The Precious Metals Debate
Nov. 29 2010 | While gold is in a strong uptrend, Aaron Smith, MD at Superfund Financial, says the upside potential for silver is greater. He tells CNBC's Bernard Lo that the price of the white metal will shoot up above $60 per ounce as central banks begin to tighten monetary policy.
Investing in Rare Earth Metals
Nov. 30 2010 | Rare earth metals are in such hot demand because they are key components in hi-tech and green products such as hybrid vehicles and smart phones. CNBC's Louisa Bojesen looks at this growing market.
Overweight on Korean Won
Nov. 29 2010 | Callum Henderson, global head of FX research at Standard Chartered, recommends going overweight on the Korean won. He explains his bullish outlook for this currency, with CNBC's Oriel Morrison.
Oil Prices to Climb to $90 a Barrel in 2011 says Neil Beveridge,
Nov. 29 2010 | Neil Beveridge, senior oil analyst at Sanford C. Bernstein, sees oil prices at $90 a barrel in 2011 and $102 in 2012. He speaks to CNBC's Bernard Lo about the demand picture for oil going forward.
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