Archive for May, 2011
PIMCO Raises Bet Against U.S. Government Debt
May 10th, 2011Via: Reuters: PIMCO’s Bill Gross, the manager of the world’s largest bond fund, raised his bet against U.S. government-related debt in April to 4 percent from 3 percent, according to the company’s website on Monday. The increase, albeit small, follows Gross’ move to ratchet up his bearishness in March by taking his initial short position […]
Cellphones to Get Government Chips for Disaster Alerts
May 10th, 2011You won’t be able to opt out of receiving messages from Dear Leader… Some days, as I sift through all of this madness, I really miss George Carlin. I bet he’d just love this one. Via: Boston Globe: After more than five years of planning, a national emergency alert system that will send messages to […]
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, […]
Gunter Sachs: German Billionaire Kills Himself
May 9th, 2011Via: BBC: Gunter Sachs – the German-born billionaire, art collector and former husband of Brigitte Bardot – has killed himself at the age of 78. Sachs’s family said he shot himself at his chalet in the Swiss resort of Gstaad on Saturday. A grandson of car manufacturer Adam Opel, Sachs’s wealth helped him to become […]
Schumer Calls for ‘Do Not Ride’ List for Trains
May 9th, 2011Via: CBS: Sen. Charles Schumer is calling for better rail security now that the raid on Osama bin Laden’s compound has turned up plans to attack trains in the U.S. “Anyone, even a member of al-Qaida could purchase a train ticket and board an Amtrak train without so much as a question asked,” Schumer said. […]
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 […]
Homes Abandoned as Mississippi River Keeps Rising
May 9th, 2011Via: AJC: Getting the word out through TV and online isn’t enough for Memphis officials who were going door-to-door warning a couple hundred people that they should abandon their homes before they are swamped by waters from the rising Mississippi River.
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.
