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

To: TobagoJack who wrote (70508)	1/22/2011 5:46:55 AM
From: elmatador	Read Replies (1) \| Respond to of 220019

gold ETF holdings dropping precipitously over recent weeks. The reversal follows the recent improvement in US economic data – the bellwether for the global recovery at large – coupled with rising sovereign stress in Europe and looming slowdown in China. These have simultaneously made a back-slide into recession seem unlikely while pointing to a rebound that amounts to a long, hard slog over the years ahead. AUD Positioned to Follow Gold Prices Lower Curiously, the Australian Dollar’s bearings are best revealed via the currency’s clear correlation with gold prices, with the high yielder set to follow the yellow metal lower in the week ahead as investors’ dominant forecast for the evolution of the global post-Great Recession recovery shift away bullish and bearish extremes. Gold had decoupled from the risk-on/risk-off dichotomy of recent years, reflecting its appeal as a store of value for bulls and bears alike as the former camp called for catastrophic inflation on the back of ultra-loose monetary policies while the latter projected renewed collapse across asset classes as fiscal stimulus expired. However, investment demand suffered a major setback, with gold ETF holdings dropping precipitously over recent weeks. The reversal follows the recent improvement in US economic data – the bellwether for the global recovery at large – coupled with rising sovereign stress in Europe and looming slowdown in China. These have simultaneously made a back-slide into recession seem unlikely while pointing to a rebound that amounts to a long, hard slog over the years ahead. Interestingly, the increasingly apparent shift inthe overall consensus toward this kind of recovery bodes ill for the Aussie much the same as it does for gold. A slow, protracted recovery suggests that major central banks will now get their chance to catch up as the Reserve Bank of Australia– until recently the leader in post-crisis monetary policy normalization – as Glenn Stevens and company look increasingly likely to sit on their hands for much of the coming year. Indeed, a Credit Suisse gauge of priced-in rate hike expectations argues for no more than a single increase over the next 12 months. dailyfx.com

To: TobagoJack who wrote (70508)	1/22/2011 6:00:07 PM
From: carranza2	Read Replies (1) \| Respond to of 220019

What we need now is an expert in Irish politics. Say what? I repeat, an expert in Irish politics. Why? Because if the present government is thrown out of office on March 11, as is likely, the new government is going to be under tremendous pressure to do something to reduce the Irish debt burden. What that something will be no one knows. It can begin with the Germans taking the bit in their teeth, as suggested here birdflu666.wordpress.com Or it can be as harsh as renouncing senior debt, telling everyone to take a hike. This is probably unlikely as the ECB would raise holy hell with the Irish. But something more or less drastic could happen, especially since the Irish people are in a pitchforks and axes mood. I pity Trichet. Obama's and Bernanke's troubles are a walk inn the park compared to his. Will China get involved in Irish troubles? Doing so would be a master stroke of politics and diplomacy. So, if you want to place bets, etc., find an expert on Irish politics and divine what the new government is going to do after it ousts the present one.