the humble scribe

Barrick Gold Confirms We've Reached 'Peak Gold'

The title of this blog is misleading in that it implies that gold has peaked in price. If the easy to reach gold is no longer available then I suspect that to the contrary, gold is very far from having peaked.

The Dollar: A Strong Buy

The dollar will only rise when the Fed decides to raise interest rate, when will that happen? When the Fed will think it is time to reinflate the economy. At that time, we better all be loaded up with commodities of all kinds for their price will also skyrocket!

Will the Loonie Join the Party?

The Deep pocket you refer to in your comment must be the Bank of Canada whose intention is to prevent the Canadian dollar from overheating.

Economy Continues to Struggle; Markets to Follow?

If you want to short the market in the present obviously manipulated market you have to be willing to take undue risks. You can't fight the Fed in this context, nor can you count on whistelblowers that may or may not spill the beans. Your safest play may be to short SPY with a 2 % trailing stop loss. You may get exercized if the market moves against you in the opposite direction but at least you will not get wiped out.

Friday Outlook: Commodities, Global Markets

It is not if ''we beleive the Party will be toppled'', it is that we beleive the fundamentals for the US dollars are the worse possible. In other words, its not CNY that will appreciate in value; it is that the US dollar will depreciate relative to all other currencies, unless, the Fed decides to start tightening sooner rather than later.


On Aug 28 04:42 AM manya05 wrote:

> Look at all the graphs, including those for currencies, and then
> look at CNY. It screams Manipulation !!! doesn't it? do you really
> want to be invested in that? Why? The only logical answer I see is
> that you are betting the Chinese Communist Party will not be able
> to manipulate forever and at some point they will have to let appreciate.
> I think there is a fat chance they will not be able to manipulate,
> only if you believe the Party will be toppled, and in that case CNY
> will not appreciate, it will be obliterated. Sorry, but I am not
> clear on the concept of owning CNY, it looks like you are better
> off just holding USD.

Forget 'Cash for Clunkers': Try 'Dough for Dumps'

Peter,
You ommitted to tell us if the homes that are going to be sold under your ''dough for dumps'' plan will be ''marked to model'' or ''marked to market''.

Thursday Outlook: Commodities, Global Markets

David,

Are u seeing a reverse head and shoulder for Rimm over the 22 MA or am I seeing things?

Tuesday Outlook: Commodities, Global Markets

The question is not who is right or who is wrong at any given earlier time, it is how the future will unfold. If you want to see where we are headed you have to at least know where you are.

Thank you David for providing us with a tool that helps us see where we are.

Still Scratching My Head over Monsanto

It is a futile exercise to speak only of potential long term effects of Monsanto's agricultural products without weighing in the benefits they provide as far a feeding a hungrier world is concerned.

This is in all evidece a case of the good far outweighing the bad.

What to Do in This Market? Just Stay Put for Now

Is this not an inverted head and shoulder which would be bullish rather than bearish?


On Jul 01 07:06 PM Jimbob wrote:

> Look at the chart above. A Head & Shoulders has just been created.
> Very bearish - look out below.

Tuesday Outlook: Commodities, Global Markets

Is GLD forming an inverse head and shoulder here?

Soybeans' Price Gains Are Fertilizers' Loss

Good article. It seems however that the next move on fertilizer stocks should come from consolidation or (M&A) rather than from an increase in consumption. Judging from the following article their are plenty of buyers interested in this lucrative market.
theaustralian.news.com...]

The Power of Gold

Am I right in asking at this point, how much could the Federal reserve or other central banks in the world directly (or indirectly through the IMF) for example, manipulate the market price of gold and prevent it from reaching its true value?

Unsurprisingly, Bailouts Breed Corruption

When banks will start trading toxic assets among themselves, as they will surely do to create a zombie market, that's when the ---* will really hit the fan.

Low Gold Price a Buying Opportunity

What about the effect of the IMF selling of Gold as suggested during last week's G20 meetings, is that not going to mitigate the possible rise in the price of Gold because of inflation?