 |
 |
|
||||
Some would have you believe that the USD (DX) is ready to rally. My target has been a retest of the lows for some time. If we look at the whole move down to that low around 70.696, all we did at the peak of 89.624 was retrace 38% of the total loss. Now if [...]
Adam Hewison at MarketClub has two new videos that are worth your while. The first is the Euro vs the USD. The USD is weak and Hewison expects further weakness. The second video is an update of Gold. Hewison is bullish on Gold and is looking for this pullback to bottom soon. You can see [...]
According to GATA and the Business Wire, “The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.”
The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 [...]
John Carney writes at The Business Insider, “Outside experts hired by Wells Fargo to examine its books are reportedly shocked at the bank’s exposure to derivatives trades it took on when it acquired Wachovia may trigger huge losses at the bank…”
Then Dick Bove, a bank and brokerage analyst at Ladenburg Thalmann, says of [...]
The last time Adam Hewison at MarketClub made a video of the USD index was a little over two months ago. In that video “Trade Triangle” technology predicted that we would see further weakness in the Dollar Index. Guess what? This market has weakened substantially since our last video on July 14.
“Trade Triangle” technology has [...]
The legendary James Dines of The Dines Letter is interviewed at King World News. He was the one who in May signaled a super new bull market in rare earths and some stocks are up over 3,000%. He says this is just the start and will be bigger than any bull market in memory. Bigger [...]
Jessie, has a take on ABX and their buyback:
“One has to wonder what Barrick’s management now sees in the precious metal markets, in order to accept this significant shareholder dilution to take down those fixed price contracts now.
[...]
How sweet it must be for the ‘gold bugs’ who had repeatedly cautioned Barrick’s management on their use [...]
Adrian Douglas is publisher of the Market Force Analysis newsletter (www.MarketForceAnalysis.com) and a member of GATA’s Board of Directors. He analyses the news of a $3 Billion stock offering from ABX:
“Barrick has announced that the company is not delivering the gold it has sold forward. The company is raising cash from the sale [...]
From Mover Mike:
Back in July, 2006 in Jeffrey Christian Surfaces…, I wrote and not for the first time, that ABX had hedged itself into a huge hole:
We know ABX is short Gold at basically $300 and has a mark to market loss on the books of at least $3 Billion.
Now we get the news from [...]
Two years ago, long before the collapse of the world financial system, independent journalist Max Keiser produced a short documentary for the “People & Power” program on the Al-Jazeera television network. Keiser called it “Death of the Dollar.” It addressed the falsification of inflation data, the discontinuation of M3 monetary reports, and the gold price [...]
Recent Comments