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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (70154)	1/2/2011 11:25:36 PM
From: kormac	Read Replies (1) \| Respond to of 217656

Many scientific theories continue to be considered true even after failing numerous experimental tests. Read more newyorker.com Much of the article deals with psychology and medical research, but the pseudoscience economics comes to mind.

To: TobagoJack who wrote (70154)	1/3/2011 3:45:00 AM
From: 8bits	1 Recommendation Respond to of 217656

Interesting... I saw him deliver a similar speech to some Americans within a month of this presentation but he was not nearly as humorous. (although the underlying message was as sober...) A great take away: "Have children taught me about debt...? Ex wives have taught me more."

To: TobagoJack who wrote (70154)	1/3/2011 11:41:10 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217656

THX.. that was good... Niall though (like myself or Kyros) holds out that bit of hope :o)

To: TobagoJack who wrote (70154)	1/3/2011 8:49:16 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217656

This will entice you LOL... China’s Surging Gold Trade Message 27066177 and this tidbitThe surge in China gold demand seems to have befuddled some including Richard Daughty (aka The Mogambo Guru) at The Daily Reckoning who wrote “…there is nothing about Chinese trusting gold for the last few thousand years or so.” OH hell.. full text for your perusing pleasure.. From: russet 1/3/2011 8:34:18 PM Read Replies (1) of 1396 China In The Gold House So, how will the dynamics between Dollar, Euro and Gold play out in 2011? dianchu.blogspot.com At current price levels, the main gold buying action will come from investors and funds as inflation and currency hedge as well as price speculation, instead of from jewelry demand. From that perspective, there’s a fourth major player, in the name of China, emerging in the global gold market. Bullion Vault noted that with savings-deposit rates now more than 2% below the rate of consumer-price inflation, China has fast become the world's No.2 source of physical gold demand. In fact, China recently revealed that its gold imports rose almost 500% year-over-year to 209 tons during the first ten months of this year. China’s Surging Gold Trade People’s Daily Online also noted the explosive growth in China's private gold investment market. In the first three quarters, the individual customers in Shanghai Gold Exchanges neared 1.6 million; gold trade exceeded 4,600 tons and its turnover topped 1.1 trillion Yuan, both rising sharply. That means Chinese has traded more gold than the total global identifiable demand (about 3,201 tons) over the first nine months of the year. Love of Gold – A Chinese Tradition The surge in China gold demand seems to have befuddled some including Richard Daughty (aka The Mogambo Guru) at The Daily Reckoning who wrote “…there is nothing about Chinese trusting gold for the last few thousand years or so.” Well, let me set the record straight here. The Chinese, like many other Asian countries, have a tradition of reserving and investing in gold for thousands of years. Gold and real estate are typically the top two investment choices mainly due to a distrust of paper instruments resulting from much turmoil throughout the region’s history. It is mostly this propensity, the clear present danger of an escalating inflation, and rising tensions at neighboring Korea, that are behind the rising gold demand in China Gold = Financial Competitiveness What’s more telling is that according to People’s Daily Online, in August, six China ministries, including the People's Bank of China, and the China Securities Regulatory Commission, jointly issued a notice to promote the gold market and positively connected the future development of the gold market with the competitiveness of financial markets. China is already the world’s top gold producer, but has remained somewhat muted in the global gold market. Now, with the expanding of the Chinese gold market (China just approved its first gold mutual fund on Nov. 29), the increasing investment demand from the Chinese government and / or individual investors will become a major force influencing the world gold market. Global Inflation Spike Inflation is already running rampant in countries like China, Russia and India, mostly driven by food shortages. In Beijing, for example, food costs soared nearly 12% year-on-year in November. Now, on the heel of U.S. Federal Reserve’s QE2 announcement in Nov, more monetary easing could be expected from central banks to stimulate their economies in 2011. This will only add fuel to the fire of the growing anxiety over rising inflation, and again bode well for gold. Gold As a Reserve Currency The shiny yellow metal is headed for a 10th straight annual gain. But with excess liquidity distorting everything, the typical trend and regression analysis will not work any more. Nonetheless, combining the fundamental factors discussed here and technical signals, I believe Euro could break below $1.25 or even $1.20 sometimes next year, and could be as early as the first half. This could drive gold upwards towards the $1,600 levels, while U.S. Dollar and Treasury would gain support as safe haven