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.

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.

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.

Tuesday Outlook: Commodities, Global Markets

Is GLD forming an inverse head and shoulder here?

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?

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?

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?

1100 Tonnes Now in the GLD Trust

Who said Central banks are not selling?


On Mar 20 12:05 PM chazgil wrote:

> I just want to know where they are getting the gold from? COMEX deliveries
> are not increasing, central banks are not selling and China and Russia
> have stated that they are increasing their holdings. So where is
> the tons of gold coming from?

Friday Outlook: Commodities, Global Markets

Johnthebear,

This is a splendid idea, now which are the senators or representatives that will have the cojones to put this to a vote in the senate and in the house.


On Mar 20 09:48 AM johnthebears wrote:

> When a company falls on difficult times, one of the things that seems
> to happen is they reduce their staff and workers.. The remaining
> workers must find ways to continue to do a good job or risk that
> their job would be eliminated as well.
>
> Wall street, and the media normally congratulate the CEO for making
> this type of "tough decision", and his board of directors gives him
> a big bonus.
>
> Our government should not be immune from similar risks.
>
> *Therefore:*
>
> Reduce the House of Representatives from the current 435 members
> to 218 members.
>
> Reduce Senate members from 100 to 50 (one per State).
>
> Then, reduce their staff by 25%.
>
> Accomplish this over the next 8 years(two steps/two elections) and
> of course this would require some redistricting.
>
> Some Yearly Monetary Gains Include:
>
> * $44,108,400 for elimination of base pay for congress.. (267 members
> X $165,200 pay/member/ yr.)
>
> * $97,175,000 for elimination of their staff. (estimate $1.3 Million
> in staff per each member of the House, and $3 Million in staff per
> each member of the Senate every year)
>
> * $240,294 for the reduction in remaining staff by 25%.
>
> * $7,500,000,000 reduction in pork barrel ear-marks each year. (those
> members whose jobs are gone. Current estimates for total government
> pork earmarks are at $15 Billion/yr)
>
> * The remaining representatives would need to work smarter and improve
> efficiencies. It might even be in their best interests to work together
> for the good of our country!
>
> We may also expect that smaller committees might lead to a more efficient
> resolution of issues as well. It might even be easier to keep track
> of what your representative is doing..
>
> Congress has more tools available to do their jobs than it had back
> in 1911 when he current number of representatives was established.
> (telephone, computers, cell phones to name a few)
>
> *Note:*
>
> Congress did not hesitate to head home when it was a holiday, when
> the nation needed a real fix to the economic problems.. Also, we
> have 3 senators that have not been doing their jobs for the past
> 18+ months (on the campaign trail) and still they all have been accepting
> full pay. These facts alone support a reduction in senators &
> congress.
>
> *** Summary of opportunity per YEAR:
>
> $44,108,400 reduction of congress members.
>
> $282,100,000 for elimination of the reduced house member staff.<br/>
>
> $150,000,000 for elimination of reduced senate member staff.
>
> $59,675,000 for 25% reduction of staff for remaining house members.
>
>
> $37,500,000 for 25% reduction of staff for remaining senate members.
>
>
> $7,500,000,000 reduction in pork added to bills by the reduction
> of congress members.
>
> $8,073,383,400 per year,
>
> estimated total savings. (that's 8-BILLION just to start!)
>
> That is hope and Change I can believe IN Big Time!
>
> Big business does these types of cuts all the time. If Congresspersons
> were required to serve 20, 25 or 30 years (like everyone else) in
> order to collect retirement benefits, tax payers could save a bundle.
>
>
> Now they get full retirement after serving only ONE term.. IF you
> are happy with how Congress spends our taxes keep on doing as we
> are.
>
> I think it is time for real change. In the meantime, my observation
> from all the wonderful charts provided by Mr. Fry suggest long term
> down lines as reflected by the MACD charts on everything, including
> commodities.
>
> Did you notice that Russia is about to default in a major way today?

Is It Time to Abandon the U.S. Dollar and Go for Gold?

What if some European central banks start selling Gold to prop up their econmy? Could this bring down the price of Gold?

Rumors are that Italy may be already selling some of its Gold reservers.