The two commodities which are the principal material pillars of the world economy and vital to its functioning are iron ore and oil.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
ETF’s have been part of the investment scene for almost two decades. There are currently over 630 different ETF’s.
This week, as the financial sector began to give way under the unbearable weight of bad mortgage debt, the Federal Reserve stepped in to save the day. At least that’s what it says in the script.
If I have learned one thing in the 40 odd years that I have been watching the markets, it is this: Parabolic rises culminate in crashes. It’s a biological phenomenon.
Robert Johnson- CROSSROADS
http://youtube.com/watch?v=Yd60nI4sa9A
About a week ago we called a short-term top in gold and silver, and although we got one, the subsequent reaction has turned out to be very muted.
The USDollar DX index has hit my 72 target on this latest leg of its breakdown. The news is all wretched. Iran, Nigeria, and even tiny Vietnam are rebelling against the crippled buck.
Robert Johnson- CROSSROADS
http://youtube.com/watch?v=Yd60nI4sa9A
On February 12 th 2008, this analyst took a decision that prevarication was no longer an option. A judgement call was needed and the judgement call was made, as follows:
In the update last weekend we were looking for a correction back across the trend channel shown on the 1-year chart below, probably to the $910 area.
Despite some volatile daily moves on the chart this past week, it looks like a sideways trend, even possibly a topping action. Let’s see.
GOLD
Prior to my last appearance on CNBC in October 2007, I had made more than 50 appearances on the network over the prior two years.
Both the Economy and Stock Markets are unfolding, almost as if on cue to the play I have been writing during the last year or so.
The title should really be “Psychology of 1000-20-100” to give respect to the major signpost price targets. The $1000 gold target is within reach. The $20 silver target has been breached.
I promised that I would return with a few charts of stocks in the HUI to show why I think the HUI will likely make a big move higher based on the charts of some of its components. Well, after a 15 minute break, here we go.
There is presently much debate over whether the gold price has further upside. Gold is at an all time high in nominal terms and one could not be blamed for being cautious when considering its investment viability.
In this recent editorial series I have tried to methodically lay out how I view the fundamentals of the Precious Metals sector while incorporating the historical ramifications of the fractal work, including how the psychology
The IMF as the linchpin of the fixed exchange rate regime
Jeff Frieden is professor at Harvard focusing his research on the politics of international monetary and financial relations. He has been quoted as saying that, if once more on a gold standard,
One week ago, my forecast did not come to pass for a euro currency selloff, and for a pound sterling selloff. Even the Aussie Dollar forecast of a selloff failed.
Having neither the will nor the means to confront our major economic challenges, Washington is instead hanging its hopes on words alone.
Barron Young Smith is a financial journalist whose piece What Would Happen If We Adopted the Gold Standard? is appended below. He describes Ron Paul’s campaign to restore Constitutional money in the U.S.
Before we move on to the HUI Fractal work, I thought we’d dedicate some time to considering how the investment climate might look from different perspectives in hopes of getting an idea of what investors might be thinking.
How about $10,000? or $1,000? Or even $100,000?
Unfortunately one of the few things still made in America is inflation. In fact, it now ranks as our greatest export.
I have decided to re-introduce the fractal work in segments. We will start with an overview of what a "fractal" is (which you might like to skip), then move on to the long-term chart of $Gold.