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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (6936)11/7/2007 8:34:22 AM
From: wildandwonderful  Respond to of 50127
 
Good clean break out.Oil should top $ 100 today after storage report is out. Gold to $ 1000 is an easy target. Both of them are entering a parabolic phase.
stockcharts.com



To: SliderOnTheBlack who wrote (6936)11/7/2007 8:36:47 AM
From: yard_man  Respond to of 50127
 
so is china just helping out our officials here, then?

>>Dollar Plummets Versus Majors, Loonie As China Considers Diversifying Foreign Reserves
49 minutes ago
(RTTNews) - The dollar plunged against its major counterparts Wednesday morning, falling to a new record low against the euro. A number of factors contributed to the dollar's weakness, including a Chinese official who said China is considering diversification of its dollar-denominated assets to the stronger euro.

The US currency also fell on increased expectations of a rate cut by the US Federal Reserve on December 11. The Fed lowered its key interest rate to 4.5% from 4.75% on October 31 and another 25 basis point rate cut before the end of the year is expected by markets.

The dollar fell below the 1.47 mark versus the euro for the first time ever Wednesday morning. The dollar plunged from 1.4555 in overnight dealing, then drifted lower in the small hours of the morning before stabilizing. The greenback touched its record low of 1.4703 at around 5 am ET, and was only slightly improved at 1.4670 apporoaching mid-morning.

The dollar dropped below 2.10 versus the sterling for the first time since 1981. The dollar slipped to 2.1051 by 6 am ET, and was little changed from there. The dollar dropped almost 2 cents from Tuesday's closing level near 2.0860.

The Monetary Policy Committee of the Bank of England are due to give their latest decision on interest rates Thursday. Most economists are predicting interest rates will be left at 5.75 percent.

The dollar plummeted to a 2-month low versus the yen Wednesday morning, dropping to 112.95 from an overnight level near 114.50.

Against the surging Canadian dollar, the greenback fell to a new modern-era low of 0.9080. The dollar has been moving steadily lower since early September, when it fetched 1.06.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved<<



To: SliderOnTheBlack who wrote (6936)11/7/2007 10:31:49 AM
From: RonMerks  Read Replies (2) | Respond to of 50127
 
Were going into Iran so Guilliani can be elected. That's my prediction.

Can you imagine having shorted gold here<vbg>?



Ron



To: SliderOnTheBlack who wrote (6936)11/7/2007 3:18:25 PM
From: Nihontochicken  Read Replies (1) | Respond to of 50127
 
I think perhaps $Gold and the $HUI today are caught between a heavily tanking $USDollar trying to force them up and the heavily tanking broad markets trying to pull them down ($Gold also bumping up against its ATH close as well). The broad markets have had some bad divergences recently, notably in the "leader" Techs versus the semiconductors:

stockcharts.com

Another one is the $Tran versus the Dow (now starting to close?):

stockcharts.com

OTOH, the $HUI versus $Gold looks okay:

stockcharts.com

Kinda nasty candle today, though. But the weekly still looks good:

stockcharts.com

Would like to see more leverage in the miners over $Gold on the
upside, but it is moving slowly in the right direction:

stockcharts.com

FWIW, I'm still cautiously optimistic on the PMs, though it appears a lot of quick draw artists are jumping off the golden ship right now.

NC



To: SliderOnTheBlack who wrote (6936)11/7/2007 9:33:04 PM
From: praha4  Read Replies (2) | Respond to of 50127
 
Slider says: "I'll have some time this evening to catch up and post some thoughts on why I think we're going into Iran and soon...

Saw it with my own eye's."

I don't know what part of the country you are located, but you mentioned you saw something with your own eyes "for the 3rd time" which seemed to convice you of coming military action against Iran.

So my imagination is working here, about what you saw, for the 3rd time

so here's my guess, and my own theory, based on what I saw in 1990-91, and again in late 2002, early 2003.

What happened in February-March of '91 and '03?

1991 Desert Storm invasion Kuwait-Iraq
2003 Cobra-II invasion Iraq

Q. why does the military prefer to its mideast land offensives in Feb-March?
A. the weather is cooler, they don't like to conduct these large offensives in the 110-120 degree summer Iraq weather, its very, very hard on M-1 Abrams tanks, the troops, and also on aircraft flying in the desert sand storms

okay, the timing is settled, early 2008 is it... an Iran offensive planned for Feb-March of 2008 is possible, its Bush-Cheney's last year in office, last chance to set the world right before a possible Democratic sweep of the elections, and their perception if the Democrats win, we go back on the "defensive", the Pentagon budget gets gutted again like it did under Clinton.

here we are in November 2007, the Pentagon planners are getting ready....what logistics operations are needing to happen NOW, for an offensive to occur in early 2008? they need to be positioning military equipment now. They can't wait till next spring. It takes a few months to move what is needed from the US to the mideast.

could this be something like you saw?

--- Flatcars loaded with U.S. Army or Marine Corps armored vehicles? Saw the same thing in southern Georgia in the prelude to the 1991 Desert Storm war, and again in 2003 before the Iraq invasion ... miles and miles of flatcars loaded with Abrams M-1 tanks, Bradley fighting vehicles, and other armored vehicles ...leaving the big Albany, GA Marine Corps depot, destined for loading on Military Sealift Command ships waiting at seaports in the Southeast US, then on to the mideast.

--- I've heard some chatter in my neck of the woods from some old Navy buddies in Special Operations, SEAL team types, hearing some low level murmurs that something is brewing over there, the sabre rattling rhetoric is very much like 2002 lead up to Cobra-II. This recent bruhaha in Pakistan is most inconvenient timing for the neocon team, they need their boy Musharaf to keep a lid on it for the time being.

.... so I am curious what Slider saw. It may have been something entirely different than I imagined....

But lets face it, IF an offensive against Iran is planned, it would be primarily airstrikes into Iran on IRGC type targes and nuke facilities, along with limited special operations teams moving against select targets inside Iran. And IF an offensive is going to happen, time is getting short for Bush and Cheney to do this. Early 2008, when the weather is cooler, is the only window of time they have left.

--- some great reading if you have the time, about the planning, politics, inside decision making and discussions that took place at the highest levels of DOD, CENTCOM, and the White House leading up to the Iraq invasion of 2003. Both are very well researched books:

"Cobra-II"
"Fiasco"

and I also really liked Bob Woodwards' book "State of Denial".

...the first two books will shock you at the lack of planning for the post invasion occupation in Iraq, the cavalier attitude shown by Bush and the highest civilian officials in this adminstration, the infighting between DOD and the State Dept (Rumsfeld, Powell, and Condi Rice) which allowed the chaos to eventually occur in Iraq. And the amazing screwups that happened after Paul Bremer took over the occupational authority from General Jay Garner.

A lot of the same neocon idiots who planned the first fiasco are still calling the shots, but thank God the micromanaging egotist Rumsfeld is gone.

... wouldn't another mideast war be convenient in the summer of 2008, for the GOP candidate to call for everyone to rally around, cuz "we can't trust the Democrats in the war on terror"

geez, I can already hear and see the campaign commercials next summer, just like we saw in the summer of 2004 pre-election.

"you can't trust Hillary"
"you can' trust Obama"

"Rudy will protect Americans, the Democrats will cut n' run"

good luck to all, we'll need it