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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (13246)10/21/2008 5:43:06 PM
From: Don Earl  Respond to of 71475
 
RE: "We have now CROSSED the line that would turn me from a bear to a bull."

The trend is definitely up, coming off a double bottom, and not a lot of resistance in the charts. Against the Euro, resistance looks to be in the mid .80 dollars to a Euro range.

Unless there's some fundamental change in the economy, I'd probably view that area as a second chance for finding safe havens.



To: TH who wrote (13246)10/21/2008 10:00:15 PM
From: Secret_Agent_Man  Respond to of 71475
 
On BNN, Embry warns of failure of December gold contract

Submitted by cpowell on 05:31PM ET Tuesday, October 21, 2008. Section: Daily Dispatches
8:30p ET Tuesday, October 21, 2008

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist, John Embry, went on Business News Network in Canada this morning and, interviewed by Amanda Lang, discussed, among other things, the suppression of the gold price on the New York Commodities Exchange. Embry speculated that long contract holders may call for delivery of enough December contracts as to prompt a claim of force majeure when the exchange cannot delivery enough real metal. The interview with Embry begins at the 11-minute mark and continues for about 6 1/2 minutes at the BNN Internet site here:

watch.bnn.ca