Thoughts on Markets

Friday, May 20, 2011

Obama Wins in 2012 - China - Gold -Silver - Comparison of HUI vs Gold - Currencies - Dr, Copper

XTalk:
Walter E Williams: Obama will be re-elected in 2012 no matter what....
Can President Obama be defeated in 2012? No. He can't. I am going on record as saying that President Barak Obama will win a second term. The media won't tell you this because a good election campaign means hundreds of millions (or in Obama's case billions) of dollars to them in advertising. But the truth is, there simply are no conditions under which Barak Obama can be defeated in 2012. I fear that this is true. The Republicans do not seem to have a viable candidate, and the liberal media will favor Obama as will those on the USG dole. This will be more of God's judgment on America to call us all to repentance and turning back to Him. I have a high regard for Walter Williams as a Constitutional supporter and Economist. However, I do not want Obama back again. Read the article with fear and trembling HERE.

Mine Web:
Chinese gold production rises 4% in Q1
China's gold output for the first three months of the year totalled 73.412 tonnes. Not only is China's production of gold higher, but the Chinese are encouraged to buy more and China is shopping for more, too. HERE.

Mine Web:
Gold Bugs! Chinese are now World's No. 1 gold buyers
The latest Gold Demand Trends report from the World Gold Council points to China overtaking India as the world's top gold buyer in the first quarter of the current year. Confirms what has been said for weeks now. Do you think they know something that Americans do not? HERE.

Daily Pfennig (Pfennig@EverBank.com) "Getting back to China for a moment here. I did my "Change in Currency Regime" presentation 3 times in the past 2 weeks, so. I've got it fresh on my mind. And one of the points I make in the presentation is the point that I first made here in the Pfennig, months ago. And that is that China was buying truckloads of Gold & Silver for two reasons. 1. To diversify out of the dollar. and 2. (this is my thought) to begin to accumulate these two metals to eventually align their currency to, when they decide to allow it to float. Think about that for a minute, folks. If China has the largest population, the largest treasure chest, and have financed both the U.S. and Europe, and then they tie their currency to Gold & Silver (even if it's just a percentage tie) one would think that their currency would be the most sought after in the world. And when that happens, another notch gets placed in the Chinese belt that wraps around the reserve currency of the world." This appears to be China's plan and she is working on it in a very profitable way. She is using her dollar reserves to buy gold, silver, rare earths, and other commodities.

CNBC Video: QEIII coming. Watch it HERE.

Investment Postcards:
John Embry on why you should buy gold
 In this video, John Embry, Chief Investment Strategist at the Canadian firm Sprott Asset Management, discusses the reasons why people should own precious metals, and in particular gold and silver. In Embry’s view, gold will gain in importance as a monetary asset in the years ahead, likely regaining an official role in the world’s financial system. HERE.
Telegraph.co.uk:
George Soros sells his gold 
George Soros, the hedge fund investor who called gold "the ultimate bubble", has sold almost his entire holding of the precious metal, leading to fears that the price is about to fall. It is good to have a contrary view every now and then. However, I do not hold Soros in high esteem, nor follow his advise as rich as he may be. He is into too many liberal causes for me; for example, gun control. The article is HERE.

Lew Rockwell Video:
Gerald Celente: Public Enemy Number 1 Is ‘Osama Bernanke’
HERE.

Mine Web:
What's turning gold majors, and others, to copper mining
A detailed analysis of the global market for copper and why even ‘pure gold' companies are turning to the red metal for continuing growth. HERE.




Miners from Scottrade:
Let's look at the ratio of HUI to Gold, below. This is cautiously encouraging as an indicator that the correction is soon to be over. We may not see an immediate return to much higher prices, but possibly an end to the correction. Expect a consolidation or accumulation phase for a while.


Currencies from KitCo:
Some Prices: DOW off 111 to 12494.37; S&P off 12 to 1331.61; NASDAQ off 25.45 to 2767.88; Gold up 1.90 to 1495.70; Silver off 0.39 to 34.55.

Best to each, Doug

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