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DOSH

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The Wal-Mart You Don't Know

Freddie Mac Hires Spin Doctor Ahead of Restatement

Miners to Use Silver as Cash

Credit-card implant provokes criticism

US Dollar 'Heading For Serious Plunge'

 Freddie Mac Admits Five-Billion-Dollar 'Understatement'

EMI shares fall as Time Warner picks Bronfman

Only 48?....

48 currency dealers charged after swoop by the FBI

A little bit of financial history....$400.10 Gold

Live 24 hour Gold Chart

HAVE U GOT YOUR SILVER BULLION YET????

Meanwhile in the Comedy Section Stelzer praises not just the US consumer - the retailers get their due credit. Great!

American Account: Irwin Stelzer: Retailers are the unsung heroes of the recovery

Meanwhile David Smith bemoans the fact that the UK public sector now employs more than twice as many people as the productive sector....

Economic Outlook: David Smith: Is this as good as it gets for consumers?

PAGODOW 

THE DOW ELEVATOR

....Note the blue arrow. This is the path the DOW might have taken absent GW2 (depressed at start of year) and military-deficit spending (artificially inflated now). Below is another look at the HUI under c2v symmetry scrutiny. Many individual PM stocks exhibit a c2v formation right now.

The Return of Margin Debt.

Stock Market recovering? Insiders don't seem to think so

'...Some of Bush's economic advisers have been wary of pushing Beijing too hard, warning that a sudden revaluation of the yuan currency could trigger a banking crisis....'....

Strong Dollar Weak Dollar

Sunday Service - nothing much of import in the Sunday Times, save that Labour's Lord Sainsbury stands to gain a great deal from GM crops. Maybe that's one reason the UK GM data was rigged???? 

Holistic News Agency 

....for  stories the mainstream media seem to have missed.

Market astrologer predicts crash starts Tuesday!

....what - astrology doesn't work???.

Japan - The Rapid Run On Dollar Assets

If this is what $150 Bn looks like....

A billion here, a billion there. Pretty soon it starts to add up to some real money

I wonder what $6,000 Bn Looks like! 

US gross external debt more than $6 trillion-Treasury

Dollar Falls to Three-Year Low Against Yen, Drops Versus Euro

This article by Clif Droke was tucked away on Gold Eagle. (I see Rense has it now) If well founded it's implications are immense. (Didn't Clif used to tout Silverado Gold Mining on Goldseek??? Before it lost 75% of its value?) Hmm... 

The coming currency devaluation

My answer?....

A Rebuttal of the above article

The ME might follow Putin's (and Saddam's) lead....

Russia To Price Its Oil In Euros Not Dollars

Recovery slow because businesses are not borrowing enough

To understand the significance of the next chart read thru....

Silver Arrows

In Indices I argued that 4,400 was a massive resistance level for the FTSE. That was then. As we descend Mt. FTSE it is now closer to 4,300. Let us observe today's battle action.....

FTSE

I wonder if the UK has pledged similar... Read Mike Rivero's warning after

'Vulture Funds' Descend On Dying Third World Economies 

'The US has already pledged vast tracts of public land as collateral on their loans. What is happening now in Argentina may well happen here.' - M Rivero

PMs are looking strong again despite gold and silver experiencing short-term cyclic weakness. Nevertheless I am expecting one more HUI correction by about 10% or more before we get a real lift-off. (Read Indexsync)

Meanwhile the geopoliticals are getting more dangerous by the day. 

Israel could launch new attacks on Syria

Got your YEN yet?

And now, currency wars

Will we follow the US?.... 

Foreclosure rate on rise

David Smith in the Times comedy section, fresh from the Labour party conference with new insider info,  has some horrific news for home-owners. Your government needs more dosh to pay for all those NHS managers and a war or two, and all those over-valued homes are seen as a cash cow (as predicted earlier in CT). He talks about our property market being under-taxed compared to Europe. Are we going to see...

1) Stamp duty is going up (a given)

2) CGT payable on sale of main residence?

3) Local property and/or income tax to replace council tax? 

4) VAT on new homes?

5) Land tax?

6) Window tax? (That's been tried before!)

7) Conservatory tax?

8) Car parking charges @ home?....

The possibilities are legion!

Economic Outlook: David Smith: Tax squeeze on housing

I know I was a couple of months premature with this call. Is it time to short the DOWn yet? The charts scream YES!!! The printing presses shout NO!!!

Indexsync

Net downloading cuts music sales by further 11%

Diebold insiders are dumping shares

More like not in the US's....

Revaluing Yuan not in China's best interests?

Artists blast record companies over lawsuits against downloaders

WTO talks collapse

World bank exec killed self over Gold (Financial WMD) derivatives?

George Klein Suicide

When it suits China it will allow the Yuan to float. When the dollar is toast, China can say 'you wanted us to do it'. The longer they wait, the more catastrophic the consequences will be. AND THEY KNOW IT!

EU to Address Asian Currency `Imbalances' at G-7

Easiest money I've ever made? (After co-writing a single for Kylie?) Holding MNMM.OB since before Christmas and swing-trading the $/YEN now. 

Yen May Extend Advance Against Dollar This Week, Survey Finds

Dollar sinks to 33 month low against the Yen.

Some news today about a couple of bankrupt airlines going down the toilet together. Read about it in the mainstream press if U want. Here we are more interested in....

Tuesday, September 30, 2003 Paying the Piper
Author: Jim Sinclair

"It was easy to see yesterday that gold’s battle line was at $385. This is the level at which major shorts are forced to cover by their investment firms. It simply works that way. Losses at all departments have unique stops. The gold stop is the capital required to maintain the position. So everyone including the Gold Cartel of Common Interest runs into limitations no matter how strong their conviction."

Thursday 25th September was the TIC in the 8 week gold cycle (actually 4 months end-to-end). My WA says $420+ in Jan, £360 in Nov. However, that analysis only holds true if the cycle persists. From what Jim is saying  it might be all over any day now. Maybe we will see that 275/380 HUI before 2004 after all, no?

The American Stock Exchange said on Monday it was "co-operating fully" amid accusations that it provided false documents to cover up an alleged failure to implement reforms

Companies Kept Cutting Jobs in September: U.S. Economy Preview

Job losses now at Great Depression levels

Irwin Stelzer in the Sunday Times comedy section sees the bind the US is in - Threatened by dollar repatriation and oil price action by OPEC. What is he suggesting? That the US add the Saudi Oil fields to their war booty? Even he more or less admits that this would be tantamount to launching a live world war (III or IV depending on whether you count the Cold War). The US is a cornered rat. Beware. Meanwhile David Smith takes half a page to explain that GDP figures are fiddled. I could have put it more succintly....

These days 'hedonic' (or should that be hedonistic?) GDP figures are not worth the computer they are generated on.

Belgian, on the USA GOLD forum....

'In the old days, people moved to where the jobs could be found. Today, jobs move where the people are' 

Good Links from Economica...

THE GOLD & SILVER TRAIN WRECK - RISING SUN MAY SINK U.S.

That Post-Post-Friday Feeling

The Gold and Silver markets were subjected to an all-out assault by the 'Cabal' after peaking during Sept 25th. Those of us who believe that the present monetary system is counterfeit, current debt levels unsustainable and irredeemable, and as a consequence put our faith in alternative savings and investment vehicles, which are - precious metals, the shares of these companies, and any other bets against the dollar and sterling holding present value - have emerged bloody but unbowed. Certain truths remain - FTSE has not been able to break out of its pyramidal envelope now dropping below 4400 - it looks like the DOW might have broken from the storm triangle to the downside, and gold and silver are still near recent highs. Perhaps Thursday lunchtime was the peak of the 4 month gold cycle. If so, gold could drift back to around 360 by the end of November. But new highs loom without a doubt IMO. By January end 2004 Gold WILL be over $420. By May end 2004 I expect $500 to be assaulted if not breached. Nearer the time I will give a more precise target time/price. If Gold does fall to $360 - or even $370 - I will be buying futures with both hands! Meanwhile the prospects for silver (now, as predicted, over $5) are simply mindboggling (See Charticles below - Silver Lining, Triggeronometry). If you want some in reasonable quantity, try our silver in store facility (click top right silver bar). Though UK customers cannot (technically) buy 'allocated' silver without paying VAT up-front, this may not be true for overseas customers. US readers might find a UK silver store very interesting....

That Friday Feeling (26th Sept 2003)

The Gold and Silver markets were subjected to an all-out assault by the 'Cabal' yesterday. Bloodied but unbowed, those of us who believe that the present monetary system is counterfeit, current debt levels unsustainable and irredeemable, and as a consequence put out faith in alternative savings and investment vehicles, which are - precious metals, the shares of these companies, and any other bets against the dollar and sterling holding present value - have emerged bloody but unbowed. Certain truths remain - FTSE has not been able to break out of its pyramidal envelope now dropping below 4400 - the DOW has broken from the storm triangle to the downside and gold and silver are still near recent highs. Perhaps yesterday was the peak of the 4 month gold cycle. If so, it could drift back to around 360 by the end of November. But new highs loom without a doubt IMO. By January end 2004 Gold WILL be over $400. By May end 2004 I expect $500 to be breached. If Gold does fall to $360 - or even $370 - I will be buying futures with both hands! Meanwhile the prospects for silver (now, as predicted, over $5 Triggeronometry) are simply mind-boggling. If you want some in reasonable qualtity, try our Silver in Store facility. Though UK customers cannot (technically) buy 'allocated' silver without paying VAT up-front, this may not be true for overseas customers. US readers might find a UK silver store very interesting....

'Without first-time buyers the market could falter due to large chains of agreed deals being unable to complete.'

First-time buyers stay away

forewarned is to be not foreclosed....

Housing Snake

The Writing is on the Wall (Street) - Could Wednesday's FTSE action be the kicker?....

Yahoo Finance reports that dividends may take 2.4 points off FTSE 100

Well, the FTSE miraculously held up, but the DOW shed 150 and the NASDAQ fared twice as badly. Meanwhile gold overnight hits new highs - touching $390 already. Thursday is going to be 'interesting'. And to add fuel to the bonfire...

OPEC to cut oil output by nearly 4 percent in pre-emptive move

Due to lost key (common occurence with me) I have been an observer rather than participant in the premier gold site last few days - Gold eagle. The Forum is livelier than ever. This pillar of probity and reason - read by the great, good and ghastly alike, has had not a few posts lately pointing out the paradox of 911 and blaming Bush for it. Still no mention of Israel's hand in the debacle, as yet. But it does look as though the ice is being broken.

Why is the dollar falling?

Asia to start pulling out of US debt-financing

Dollar sell off defies Japan's warning

Recent classic quotes from Kenneth Rogoff, a former Harvard professor now an economic counselor of the IMF. 

“For the moment, most Europeans who want to see an economic recovery will have to watch it on TV,” said Rogoff whose insightful commentary rings equally as true in the United States."

and

“It is bad enough that the global economy is flying on one engine, but it’s going to be a lot worse if it has to land on one wheel.”

And you thought K-waves were long?

Check out the Holistic News Agency for the big picture.

"If we were looking at a poor developing country, the world gives them just enough rope to hang themselves. A country like the United States, they give them enough rope to tie the noose around their neck several times. But it does happen in the end..."

MF warns trade gap could bring down dollar

'The report was highly critical of Europe's stagnating economies, blaming governments for failing to embrace deep structural reforms of their labour markets and welfare states.

"Reforms to improve the competitiveness of European labour and product markets could yield significant dividends in terms of regional output," the report said.

It also warned that an overrigid application of Europe's fiscal rulebook could push the eurozone deeper into trouble.

Chancellor Gordon Brown echoed the IMF's criticisms of the eurozone in an article in yesterday's Wall Street Journal, arguing that the credibility of Europe was at stake.

Demanding wide-ranging change to policies "that have held back our continent for too long", Mr Brown added: "Reform is not just desirable, it is an urgent necessity."

The chancellor said: "Having created a single market in theory, we should make it work in reality - and help it spread competition, cut prices, increase consumer choice and deliver higher productivity." 

RODIN says: The Guardian fails to mention that Gordon Brown is a staunch supporter of gargantuan public services, a sector that produces nothing and is structurally anti-competitive and self-serving. Notwithstanding the many dedicated people who on a personal level deliver more than is asked of them in service.

SMs

The DOW and FTSE are supposed to be on a roll - when actually they are on the verge of a precipice....I also take a look at ABX (Barrick) the company mentioned in the Blanchard dispatches with the historical Bush family connections in...

Precipieces

UPDATE to above : Stormy DOWeather

MNMM.OB - one of my favourites - up 70% in 3 days!

MNMM.OB has hit new resistance. No doubt it is going much higher in time. Right now, though, I want to catch other rising stars so sold 50% of my position at $3.50 Will buy back @ $2.25 in 3 month's time. 

Vista Gold used to trade 100 times over it's present price. A junior, like DROOY, and also in common with a few micros listed below, it has been lagging other gold and silver stocks. Today on the Forum Hook advised that it had a little further to fall before it becomes a buying opportunity. I do not think so. No time for TA tonight but looking at the long-term chart VGZ looks poised to double and more in short order. I doubled my holding today. We will see.

I also liked the look of GSPG.OB enough to rotate into this stock

RODIN's wave and symmetry analyses have successfully predicted big rises in the HUI Gold BUGS Index (Basket of Unhedged Gold Stocks) and several individual PM stocks. (See CHARTICLES below). Not to mention the POS and POG. I got the date and level of the last gold low spot-on. Read thru Charticles to see where we are coming from. The SMs have not crashed yet, but I think such an event is imminent. (Update -maybe happening now?) Meanwhile wave analysis of the 4 month cycle clearly predicts that Gold will rise to $395 by September end. (Update $390 now) Also wave analysis of the HUI now predicts 275/380, though resistance at about 220 might hold if there is a total SM crash before the up-move is completed. Now, 275/380 HUI and $395 gold appear to be incompatible. Actually, even the present valuation of Gold stocks is reckoned to be based on $400 gold. 

Possible scenarios

1) There may shortly be a disconnect between silver and gold, in which silver moves up sharply while gold does not. This could happen because of a short squeeze on COMEX. 

2) The 4 month Gold cycle - which Falcor III called the Tic Toc cycle in a memorable chart posted in the Gold Eagle forum - may be broken, as suggested by Jim Sinclair.

3) Faith could suddenly be restored in the hyper-inflating US dollar, the dollar being the common share of the technically bankrupt USA.

  Ted Butler 

Unbeknown to the general public a lawsuit is proceeding through the courts in America. It could have, along with other factors, a dramatic impact on the gold market. 

Blanchard gold price-fixing case

Derivatives threat as gold surges

Stuck in a terrible fiscal state

End of the credit line?

When it suits China it will allow the Yuan to float. When the dollar is toast, China can say 'you wanted us to do it'. The longer they wait, the more catastrophic the consequences will be. AND THEY KNOW IT!

EU to Address Asian Currency `Imbalances' at G-7

 Iraqi Quagmire Could Push Gold Over $400 Soon

Wise Words on Gold

A Geologist's Guide to Mining Companies

George Klein Suicide

GATA: UNAUTHORIZED TRANSCRIPT OF A MEETING AT THE IMF

Greenspan on Gold (1966)

IMF warns US over mounting deficit

Plunge protection racket

Classified Spending On the Rise

CONTROLLING THE WORLD'S MONETARY SYSTEM THE BANK FOR INTERNATIONAL SETTLEMENTS

Gasoline prices take record jumps

Watchdog orders Freddie Mac chief to go

CIA Accused Of Bank Heist

Buy

Gold

Sell

Diamonds

Not to me...

Mortgage Company Closes unexpectedly

Ass Backward Economics III

The Death Of Manufacturing

[GATA] James Turk: GET READY FOR THE BREAKOUT

WARREN BUFFET ADDS MUSCLE TO SCHWARZENEGGER'S CAMPAIGN

SOROS GIVES 10 MILLION TO GET RID OF BUSH

Full Crash Alert!

Gold as money???

Gold Dinar kicks off

Microsoft plans largest lay-off of full-time employees in company history

Huge deficit in states drags down US economy

CHINA MANIPULATING PRICE OF SILVER?

Dentists skim millions from NHS with fake gold fillings

Euro note to be radio tagged?

Secrets of the Bank of England Revealed at Last!! "

A tip - Friday 25th July?

1929-style Stock Exchange crash likely this October 2003?

Great Depression 2

Tax Slavery

White House shakes up economic team

Sinking US dollar 'could drag world under'

Rothschild pulls out of Japan....

Fed's truly scary idea: tax you into spending

Just who will pay the debt?

The Mogambo Guru is in prime form. This is a MUST READ. 

Cogent Observations

June 26 2003

The Mogambo Guru speaks again to his cult followers...

Latest Mog

Emergency Bid For A Nobel Prize  

June 19 2003

I said CULT followers. 

C U L T!

 More Mog

 Marshall Auerback says the US (and probably the UK - Rodin) is going the way of

Argentina, Not Japan

 Safe paper haven?...

Gold and Silver mining Companies (Excel)

Mankind's Tormentors: A Brief History of the International Bankers

RED ALERT ON THE US ECONOMY...

The Bottom Dollar

Is silver ready to take off ?

..God I hope not! I'm not retired yet, and silver is my

Pension Plan

More nails in the pensions coffin

Dosh in the Nixon era

The Ponzi Scheme - a model for today

Dr Edwin Viera on the Dollar - a tour de force for the Rotary Club of NY

Tough on Barrick and JPM. Against all the odds they actually came up against an HONEST judge. This could be...

  Why you should buy silver NOW!

Financial Dynamite!

The Plunge Protection Team

When the US catches a cold

Pump, Dump & Spin

US Market Rigging no longer a Conspiracy Theory

U.S. Dollar redeemable in gold, but only to foreigners!

I forget what this one is about - lucky dip!

Islamic gold dinar will minimize dependency on US dollar

News.goldseek.com/JamesCook

Guardian.co.uk business story

Pension Problems

More Pension problems

Pink Dollars

 

© ContrarianthinkeR 2002-2003 all rights reserved. Caveat Emptor - Buyer Beware! Any information posted on ContrarianthinkeR is not intended as direct advice. Do your own research before devising an investment strategy. I did. Webmaster RODIN