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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (47761)	3/5/2006 7:41:23 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

This video is hilarious This movie is dedicated to Kirstie Allsop of Channel 4's "Location, Location, Location" who famously said that she would eat her hat if house prices in the UK dropped. Would you like ketchup with that Kirstie? parkerchris.pwp.blueyonder.co.uk

To: CalculatedRisk who wrote (47761)	3/5/2006 8:19:15 PM
From: mishedlo	Respond to of 116555

BoJ to keep market liquidity at 10 trln yen after policy shift - report Sunday, March 5, 2006 1:44:19 PM afxpress.com TOKYO (AFX) - The Bank of Japan (BoJ) plans to hold the balance of current-account deposits at the central bank at no less than 10 trln yen for some time after it ends the ultraloose monetary stance, the Nihon Keizai Shimbun reported The step will be part of its package of measures to maintain the financial market's stability by keeping money market interest rates effectively at zero even after lifting the quantitative monetary easing stance, it said Currently, the central bank injects ample liquidity into the market to keep the outstanding balance of current-account deposits in the 30-35 trln yen range, roughly five times the legally required 6 trln yen After the five-year-old monetary policy is lifted, the BoJ will once again use as the key benchmark for its monetary policy the uncollateralized overnight call rate, instead of the "quantity" of financial market liquidity, the Nikkei said However, the BoJ is concerned that if the market's liquidity is quickly slashed to the 6 trln yen mark, financial institutions not yet fully ready to meet the drastic liquidity cut could scramble to raise funds from the market and trigger a steep rise in money rates The BoJ also intends to incorporate into its market stabilization measures a plan to hold down the uncollateralized overnight call rate "at the lowest possible level below 0.1 pct." It will also continue to make outright purchases of 1.2 trln yen in long-term Japanese government bonds each month, the report said

To: CalculatedRisk who wrote (47761)	3/5/2006 10:18:49 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

kitco.com Admittedly, the price range between those gold chart channel lines is a whopper. Seeing 100 points of price between $450 to $550 before the event is visually apparent is difficult to believe and very hard to digest. It takes a clear conscious and strong resolve to become a long gold buyer. Today, we are within the next new circle period indicating gold is going to sell and retreat. Precious metals aficionados are quite attached to gold and never want to see any serious selling in their favorite market. We must recognize however, that periodic profit taking is both normal and desirable or how else do we get our money out and earn some good bucks? Those CNBC cheerleaders who scream buy and hold forever provide great amusement but somewhere, sometime, you have got to take profits or this whole business is just a silly and very expensive exercise. We are not saying you must be active day traders or even weekly swing traders jumping in and out of gold futures and stocks like a jumping jack. That is a game for screen watching pros not the rest of us in this gold business. Rather, we suggest dividing the year into two repetitive, normal, substantial rallies. The first is August to Thanksgiving. The second arrives late in December or early January continuing through March. Buying and selling twice a year to participate in those two main gold moves provides us with most of the longer view upside move