Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Baltic dry index fell 10.9% last week and has reaching all-time low; Capesize Index was down 2.0%; Panamax Index fell 15.0%; Supramax Index was down 12.5%; Handysize Index fell 10.3%.
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China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud.
http://www.telegraph...ver-begins.html
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Analysis: Earnings outlook may be deteriorating rapidly
Reuters – Fri, Dec 2, 2011 6:29 PM EST.. .
By Ryan Vlastelica
NEW YORK (Reuters) - Earnings season is just over a month away, but the early signals are not comforting.
Companies cutting fore...
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Just got my landline fixed after it went deadibones on Fri, no internet on the weekend OMIGOD
In the meantime while it's relatively cheery in Aussieland with All Ords +0.8%, Asia appears mixed with China -0.8%, Honkers +0.3%, Nikkers +0.4% and Sin...
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Two stories in the past 24 hours on this, one from Aljazeera and the other AE-P. The idea is that the Fed buys European govt bonds to hold down yields. The Aljazeera story (an opinion piece from a Washington think tank) gives more background detail, co...
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Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen...
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Despite the recent downturn in China's stock market, investors need to remain focused on the profit-generating long-term growth potential of the Asian powerhouse.
The Shanghai Composite Index is down about 10% on the year, compared to a drop of less than 1% year-to-date for the...
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Although some economists have predicted that steeply rising wages in China would bring some jobs back to the United States, the biggest winners will be the large multinational companies operating in China.
Last week the Guangdong province, where many of China's factories are concentrated, announced a 20% increase...
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EUR 1.3759 is down almost 500 pips from last Thursday.
Referendum Threat in GreeceChina & Autralia WeakenCredit Suise Disappoints
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The result of the European crisis will be the annihilation of Europe’s political class, just as surely as Stalin liquidated the kulaks. And it’s a good thing, too; as I reported this morning in my “Spengler” essay at Asia Times Online, an Itali...
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Just like clockwork, the major analysts (like MER) are coming out with their macro calls, replete with charts showing the China hard landing story I was telling about six to nine months ago. Only problem is that China, the emerging markets and man...
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Citigroup Cuts Global Growth Forecasts - Again
Thursday September 29, 2011, 10:07 am EDT
conomists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects "continue to deteriorate quickly."
At...
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Even in China - http://www.globaltimes.cn/NEWS/tabid/99/ID/675075/Apocalypse-prep-sees-man-build-
elaborate-Noahs-Ark.aspx
Is this a global phenomenon?
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Markets in Hong Kong, Vietnam, Taiwan and Korea were closed last week as people across Asia celebrated Moon Festival, one of the culture's most beloved holidays along with Chinese New Year. Moon Festival's origins center around a husband (Houyi) and wife (Chang'e), who were sentenced to live eternally...
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U.S. stocks reversed course in the final minutes of trading yesterday (Monday) to push the Dow Jones Industrial Average back over 11,000 - but that still wasn't enough to make a dent in the index's 4.8% loss so far this month.
Europe debt fears and dismal economic...
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ES 1150.00 -7.50 futures softening ever sinceEuropean markets opened. Euro markets opened up put have been selling down since then.
China put out some statements that they are interested in Europe, but dont' say anything about Italian bonds. Italian...
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A bubble in money-speak, is something that gets bigger as long as there is hot air being pumped in to sustain it all.
Leverage is typically the sustaining source for bubble price rises. But secondarily, there is the problem that the asset itself, what...
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Gold Soars. Stock Markets Tank. US Debt Downgraded. China Calls for End to Dollar Dominance. Riots in London.
Devotees of Rapture Theory are likely wondering why they got left behind during the Tribulation. More worldly, modern perso...
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The stock market has crashed back down to 1998 levels (S&P 500 off 6.6 percent today). The velocity of the collapse has people talking about whether this will be like 2008 all over again.
I don’t think that it can be.
The Collapse of 2008 was ...
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As the war of public words between the US and China escalates, the old adage- When you owe the bank $1Mil, you owe the bank. When you owe the bank $10Bil, they owe you - springs to mind, with a nasty twist. Chillingly, both parties are nuclear armed with significant standing armies.
Following S&P's downgrade...
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'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'
'The question is,' said Alice, 'whether you can make words mean so many different things.'
'The question is,' sa...
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Perhaps the biggest reason our country is facing a contentious debt-ceiling debate is because of the massive U.S. debt to China.
It's easy to forget that China is the world's largest buyer of U.S. Treasuries and it has as much to lose in this high-stakes game of...
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(Read the whole piece.)
Secular Bear For Copper? Bob Hoye
. . .
Implication – Secular Bear Market
Copper's real price reached 337 in 1974 and 330 in 1980. Each accomplished a brief
spike to the high.
Altogether, it was enough to prompt an enth...
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They must be watching cspan. Yesterdays house session was a farce.
link
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Diplomatic and U.S. govt sources say China has started construction of its first domestically made aircraft carrier -- http://t.co/VUiAQhb
...buy some more Made in China crap
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The Shanghai Composite… or something
The SSEC is a bit of a challenge for me to tackle, as I have no access to detailed intra-day data. Without a look at a 30-minute chart at least (preferably a 5 minute chart), I am unable to differentiate between the short-term structures, an...
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