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theyenguy
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I am not an investment professional. I do not engage in stock or currency trading. I am a blogger and investor who believes currency deflation has created an investment demand for gold, and that gold bullion is the sole means of wealth preservation. The chart of gold, $GOLD, reveals that with... More
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Economic Review Journal
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  • China Implements Price Controls On Coal Mining Companies Sending BRIC Stocks Lower 0 comments
    Apr 27, 2011 4:59 PM | about stocks: YAO, HAO, CHIM, CHIX, CHIE, CQQQ, TAO, CAF, INDY, EEM, EEB, EWZ, RSX, TUR, KOL, JJA, JJC, DBB, FR, VT, ACWI, JNK, SLV, GLD, BWX, YZC, NLY, FCX

     


    Financial Market Report for April 27, 2011

    1) …  ETFs falling lower today
    China, YAO
    China Small Caps HAO
    China Materials, CHIM
    China Financials, CHIX
    China Energy, CHIE
    China Technology, CQQQ
    China Real Estate, TAO
    Shanghai, CAF
    India, INDY
    BRICS, EEB
    Brazil, EWZ
    Turkey, TUR
    Coal, KOL

    2) … Commodities falling lower today included
    Base Metals, DBB, Agriculture, JJA, Copper, JJC

    3) …  Stocks of interest
    Real Estate: Industrial REIT: First Industrial Realty Trust, FR



    The Morgan Stanley Cyclical Index: Basic Material Component: Freeport McMoRan Copper & Gold, FCX




    Annaly Capital Management, NLY




    Yanzouh Coal Mining, YZC,




    Chart of World Stocks, ACWI, VT, appears topped out




    Junk Bond, JNK,



    The chart of Seigniorage, World Stocks relative to World Government Bonds, VT:BWX, communicates the exhaustion of quantitative easing and the failure of seigniorage of the world’s central banks.



    4) News and Editorials courtesy of Between The Hedges.

    Wall Street Journal Medicare As We've Known It Isn't An Option. Paul Ryan's premium support plan is preferable to Obama's rationing panel. My opinion is that a global financial collapse will require appointment of medical oversight payment czars for both Medicaid and Medicare.

    Economic Observer China's top economic planning agency has arranged to meet with several large domestic coal producers this morning at which the government will ask the companies to "appropriately" control price increases, citing a person familiar with the situation.

    I believe that it is best to sell out of silver bullion, SLV, and buy gold bullion, GLD.



    Stocks: YAO, HAO, CHIM, CHIX, CHIE, CQQQ, TAO, CAF, INDY, EEM, EEB, EWZ, RSX, TUR, KOL, JJA, JJC, DBB, FR, VT, ACWI, JNK, SLV, GLD, BWX, YZC, NLY, FCX
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