Archive - Apr 16, 2012 - Blog entry

Aiming to Get Votes, Hitting Germany, and Threatening the Euro....

Will central bankers be able to save the day again?

This isn't science. 

Based on supply, demand and even after taking into account the geopolitical factor, we believe oil could experience a correction later this year and in the next three years or so.

I thought I'd post an entirely useless article for all you busy folk. Yes, it's about that country about half the size of an Istanbul or New York. Or whatever the exact proportion is. So sorry to bother those who expect more insight from the articles on this site.

I've been busy getting my garden allotment up and running, so that's part of my answer to what's going on ALL around us. I don't give a flying about making the best timed trade in gold and think there are other productive things to do with my life. Sorry to be the contrarian on a contrarian site and being so trite.

Despair you can believe in...

Eurostoxx 50, MIB and IBEX approaching short term support levels.

There is the slow realisation that the complacency of recent months was again misplaced. It remains obvious that the euro zone debt crisis is far from over and this will support gold in the coming months – especially in euro terms. 

Gold in euro terms has been consolidating above €1,200/oz for six months now. With the eurozone crisis set to deepen and the continuing risk of contagion, we could see gold break out in euro terms prior to doing so in dollars, pounds and other currencies.

The Bonds in Spain will drain without restrain showing utter disdain for the Euro domain. Research that Rhymes!!!

God himself could not create an American version of the Greek debt crisis-- Tim Geithner

All of these factors, combined with the end of the strongest seasonal period for stocks (November-April) as well as the end of Operation Twist 2 (June) have the making of a truly horrific period for the markets. Indeed, the mere fact that verbal interventions from the Fed are no longer working should tell investors point blank that things are about to get VERY ugly in the markets.

All you need to read and some more.

These people will say anything!

How to Adapt to Any Climate Change – Global Warming or Cooling – and Save Money In the Process