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

To: carranza2 who wrote (76048)	7/5/2011 5:39:18 PM
From: TobagoJack	Respond to of 217753

just in in-tray acting man updates (past two days): 1. Could the Dollar be Fixing to Rally Soon? First, a look at the stock market in light of the lucky wave count guess from mid June, with a brief assessment of the current situation and another speculative path outlined. The most important recent data concerning the global economic backdrop are discussed. All of this plays into the assessment of the US dollar's prospects, as there are a number of early warning signs that suggest the dollar could soon find a more durable low (within the next few weeks, if history is any guide). There are both technical and fundamental reasons behind this expectation. acting-man.com 2. In Gold We Trust Ronnie Stoeferle from Erstebank has written another excellent gold report, the fifth one in his 'In Gold We Trust' series. An introductory note discusses what differentiates Ronnie from the bulk of mainstream gold analysts and we highlight once again the decisive difference between gold and non-monetary commodities. Both a Standard Chartered report using the same title (they pinched it and ironically provide an example of how to NOT analyze gold) and Ronnie's report can be downloaded from this page. acting-man.com 3. Farce Still in Fine Fettle The German constitutional court begins hearings on the anti bailout complaints of the group of lawyers and economists around Karl Albrecht Schachtschneider and CSU politician Peter Gauweiler. The main issues are briefly outlined, followed by a translation of an interview Schachtschneider gave to the German daily FAZ. English speaking readers have probably not yet been exposed to the man's personal views, so this is your opportunity to catch up. Meanwhile, as the title of this post suggests, the Greek farce continues with new twists and turns. Ironically, Greece has once again failed to meet its bailout conditions in June. S&P has issued a warning that a Greek default will deserve a default rating, no matter how cleverly disguised it is by the French SPV plan. The main question is, why should the ECB not accept defaulted bonds as collateral in repos, as it insists it won't? After all, like all fiat monies, the euro is completely irredeemable anyway, and the ECB's balance sheet already houses wagonloads of toxic trash. Accepting bonds rated 'D' as collateral wouldn't make one whit of a difference in this respect, so we suspect the ECB merely wants to keep up pretenses. Along similar lines, we briefly look at Ron Paul's proposal to overcome the debt ceiling impasse by simply cancelling all the treasury debt held by the Fed. It turns out that this is an excellent idea, albeit one with zero chance of being adopted. Probably Dr. Paul merely made this proposal as a clever way of reminding people what a farce our entire monetary system actually is. acting-man.com