Archive - May 14, 2010 - Blog entry

CDS update for May 14th

Raghuram Rajan, professor of finance at the University of Chicago, and former chief economist at the International Monetary Fund was interviewed on Yahoo Tech Ticker peddling a message for Washington: Stop Targeting "Greedy Bankers" and Focus on Growth.

Best and worst case scenarios ...

Yet another big name says this could be worse than the Great Depression ...

We may be in for more action this weekend.

Many analysts expect gold prices to fall back near $800 an ounce over the next ten or twelve months as demand from jewelry has been weak, and that much of gold's recent strength has been speculative in nature. However, similar to crude oil, gold also has become an asset class in itself and trades beyond market fundamentals.

Manipulation in commodity prices continues via employment of non-deliverable, cash-settled only, dollar denominated futures contract for Crude Palm Oil

With six consecutive intraday triple digit swings from high to low in the DJIA index beginning last Thursday, volatility has returned to US markets with a vengeance. So who’s going to win the battle between the bulls and bears now? With the loss in confidence in global markets and the further exposure of the rigging games of markets precipitated by the 700 point drop in the DJIA in ten minutes last Thursday, sustained volatility and further corrections are likely in our near future. If so, then where’s the safest place to be now?

Things are starting to heat up. Video below the article.