Archive for the 'Economy' Category
Silver: Immediate Term Ascending Triangle
May 10th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: Yee Haa! $38.18. —End Update— A bullish symmetrical triangle has formed inside a larger quasi ascending triangle. A lot of pressure is building underneath resistance at $37.96. It definitely sees the lines on the symmetrical triangle, so we’re within minutes […]
HKMex Begins Trading 1KG Gold Futures on May 18; Physical Delivery in Hong Kong
May 10th, 2011Via: Commodity Online: The Hong Kong Mercantile Exchange (HKMEx) has received authorisation from the Securities and Futures Commission and will make its trading debut on May 18, 2011 with the 1-kilo gold futures contract offered in US dollars with physical delivery in Hong Kong. The ATS authorisation grants HKMEx the right to offer market participants, […]
Home Values Fall At Fastest Rate Since 2008
May 9th, 2011Via: CNBC/Reuters: U.S. home values fell in the first quarter at the fastest rate since late 2008, real estate data firm Zillow said on Monday, suggesting that a bottom will not be seen until 2012 at the earliest. Zillow said its home value index fell 3 percent in the first three months of the year […]
Meat Glue
May 9th, 2011Via: Yahoo Shine: It has recently come to my attention that a substance called transglutaminase (i.e. meat glue) has been used in the food industry for many years in order to trick us into thinking the food we eat is of a better quality. … Meat glue is banned in the EU, but in the […]
Possible Head and Shoulders Short Term Bottom on Silver
May 9th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. $36.42 is the immediate term resistance. If it takes out $36.42, the Fibonacci retracements are shown on the four hour chart.
Greece Considers Exit from Euro Zone
May 6th, 2011Via: Spiegel: The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government’s actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area’s finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on […]
Silverfinger – The True Story Of Nelson Bunker Hunt
May 6th, 2011Via: Zerohedge: Over 30 years ago, a man by the name of Nelson Bunker Hunt hatched the perfect plan: protect his inherited wealth (which then was one of the largest legacy fortunes in the world) from the inflationary destruction of “paper” assets by converting his assets into silver, and in the process cover the silver […]
Gold, Silver Prices Free Fall on Dollar Rally, Margin Hikes
May 5th, 2011Via: The Street: Silver prices tanked after another margin hike from the CME and a stronger U.S. dollar, taking Gold prices along for the ride.
Dollar Rallies on ECB Interest Rate Statements
May 5th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. I don’t know how to tell the difference between a sucker bounce before an index heads lower and a double bottom that touches off a rally. We are definitely in the zone where a strong rally could get started on the […]
America’s Middle Class Crisis
May 5th, 2011Via: Yahoo Finance: Schwenninger’s recent report “The American Middle Class Under Stress” has some stunning facts that highlight the struggles the average American is having getting a decent-paying job and keeping up with rising cost of living. Here are just some of the sobering facts: — There are 8.5 million people receiving unemployment insurance and […]
