j global

Moderate's are not the answer to religious reform

2011-05-10T10:27:00.007-04:00

Irshad Manji's recent post in the WSJ brings to light an important distinction that needs to be made when discussing and hopefully resolving inter-faith relations in the Western world. (how ever nuanced one chooses to view "western" and "world").Ms. Manji's website www.irshadmanji.com is an excellent source of information for reformist approaches to Islam.Islam Needs Reformists, Not '

Citizen Kane

2011-05-09T13:03:00.001-04:00

ROSEBUD!!!!!

bubbleboytrader.com my new blogging home!

2010-09-20T11:55:00.003-04:00

Breakout for Gold mining stocks?

2010-08-18T21:44:00.003-04:00

Is the GDX about to breakout like an angst-ridden teenager?The chart below outlines my current consideration that the TA for the gold miners may be showing the infant stages of a break out. A 3 year weekly chart showing the ratio of GDX vs. Gold (GLD) gives a broad-based view. Note the gradual lessening of the 200 DMA, the flattening and soon-to-be rising 100 DMA, and today's close just above

the farce that is Kinross Gold

2010-08-12T18:55:00.004-04:00

2 charts that tell you everything you need to know about Kinross Gold, down for over 1 and a half years in real terms and against Gold. The issues with Redback mining are at best a distraction from the real long term structural issues with most gold mining outfits. If mining gold proved so unprofitable and if obtaining more ounces in the ground only kept the stock loosing ground, why would the

Steve Saville, excellent macroeconomic analysis

2010-08-11T23:17:00.001-04:00

a great piece by the always cogent and sober Steve Saville:The depression outlook, revisitedSteve Savilleemail: sas888_hk@yahoo.comAug 10, 2010Below is an excerpt from a commentary originally posted atwww.speculative-investor.com on 1st August, 2010.Towards the end of 2008 and during the first two months of 2009, we laid out our case for the second great depression of the past 100 years. In a

Friday monring musing

2010-06-04T11:22:00.002-04:00

Ive been experimenting with some new approaches to eating, more specifically eating only 1-2 times a day and drinking my morning coffee with heavy creme. It seems to fill me up and keep me satisfied until dinner time. I suspect the body prefers to run on fat rather than sugar once it makes the adjustment. Keeping that in mind Ive returned to the dark recesses of blogging.Looking forward to

assorted observations sunday afternoon...

2009-05-31T17:26:00.002-04:00

some points to consider for all those following the gold-buggery right now happening in the blogsphere..1. there has been talk about a default on the COMEX contract for over a year now, with each new wave of rumor centering around 1 central figure who has amassed what is called an "unusually large" position. Each time the month rolled over and passed with little or no fanfare. for those

right here, right now... gold

2009-05-16T12:02:00.005-04:00

"Right Here Right Now", was the smash hit of Jesus Jones. They were among a handful of odd groups in the early 90's; not American enough to be grunge, not electronic enough to be techno. Jesus Jones rode a sort of fading post-new wave tide into the horizon, never to return to the scene. Right Here Right Now was the theme song of Hillary Clinton's presidential campaign. While Americans were

Don Coxe May, 2009 Conference Call

2009-05-16T10:39:00.004-04:00

Don Coxe May, 2009 Conference Call available here.

A tale of two cities?

2009-05-14T09:01:00.007-04:00

Bonds, having fallen through support in such a short period of time has drawn the attention of not just gold-bugs but the powers that be, who couldn't permit a free fall in US debt. No, a nice gradual cooling would be the politically expedient thing to do. A bounce back towards the 100 level in the TLT at the 200 SMA which will soon flatten while the 50 and 100 SMA's look to cross downwards is

Canadian MP accused of mistreating foreign workers

2009-05-06T09:49:00.007-04:00

Limousine Liberals, Champagne Socialists and draft dodging Conservatives... A member of Parliament for the Liberal party of Canada has been accused of illegally hiring and mistreating foreign domestic aid's or "nannies", and as if that weren't bad enough, she is accused of withholding their passports and demanded they sign waivers denying this was ever done once the whistle was blown.Liberal MP

whats on the dome today....

2009-05-05T10:12:00.001-04:00

heres what im thinking:1. we've seen many a sudden gold rally spike up, consolidate with a slight downward slope before spiking up again and continuing the pattern. even with golds recent jump's we are only a few dollars higher today than we were yesterday so i see the current move as having some potential but nothing outstanding yet.2. the volume on the mining shares was weak for most during

Summer Solstice rally or May showers...

2009-05-02T12:17:00.008-04:00

A very interesting article by Andrian Douglas titled MONEY MOVING INTO COMEX GOLD & SILVER CALL OPTIONS gives a well thought out analysis of the Open Interest in gold and silver, predicting a leg-up in the coming months. Another fantastic macro-economic article by Martin Armstrong outlines a case for a paradigm shift in the markets and world government. His masterpiece thesis is outlined here

Pakistan, a manufactured crisis?

2009-05-01T12:11:00.004-04:00

Pakistan is in crisis at the moment, and calls by the American Secretary of State have bordered on arm-flapping panic-level assessments of the situation. Calls for the nation to be overrun by the Taliban and place Pakistan's nuclear arsenal in their hands bear the classic hallmarks of disinformation and fear-mongering.Under the guise of "Pakistan 101" type articles, few have written succinctly

The American Dollar Sunrise or Sunset?

2009-03-31T21:11:00.003-04:00

US dollar chart, 1 year. Fibonacci extensions have been marked vertically and horizontally to highlight some critical points. Mixed signals all around, but note the RSI (14) and W%R (14) both almost academically turned down at the mid-line EOD today. Ive used the "sunset" option on Stockcharts for a reason; is this a picture of the sun setting on the US dollar, or the sun rising on a US dollar

The oracle of OMG....

2009-03-10T09:24:00.009-04:00

Is there a conflict of interest when a man of Mr. Warren Buffett's influence goes on camera to sound the financial alarm? Did anyone ask what his short position was on the market and gold prior to clearly negative comments? I think the financial world has made a false prophet of Mr. Buffett. Countless books and praise were written about him as Berkshire shares rose through the late 90's and the

Afghanistan...a defense of history

2009-03-09T09:57:00.010-04:00

Its sad what passes for op-ed's these days in Canada's largest newspaper The Toronto Star. Last week's article highlights everything that is wrong with people who not only ignore history but are defiant in the face of what lessons it can teach us about occupation, insurgency and exporting democracy. Canada has over 2000 troops in Afghanistan, one of the largest contingents after the United

Mexico in Crisis

2009-03-03T18:22:00.007-05:00

Mexico is facing a crisis that could potentially topple its government within the year. Lets examine the facts, and consider how regional instability can easily bleed into to the more stable tourist and mining regions of this fragile state.Some background of the source of Mexican Instability from Wikipedia:The Gulf Cartel (Cártel del Golfo) is a Mexican drug trafficking organization. The Gulf

PDAC Log Day 1

2009-03-01T13:45:00.006-05:00

Day 1 of the 2009 Prospectors and Developers Association Convention in Toronto.Held in Toronto's convention centre downtown I decided to check out the early afternoon action at this year's PDAC on Sunday.I was fortunate enough to obtain a press pass which granted me access to both the investor exchange and the trade show delegations. It was moderately busy, though I expect it to pick up on

Gold at $1000- then and now

2009-02-22T11:43:00.006-05:00

Gold first moved above $1000 in March 2008. The chart below gives us an interesting perspective on gold then and now. Specifically note the arrangement of the simple moving averages (SMA) at the time gold crossed above $1000 in March 2008 and in February of this year.Too many gold newsletter writers got caught with their pants down predicting the end of the financial world in March 2008, urging

Dow Theory on Gold

2009-02-12T23:33:00.006-05:00

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Moving Average Study of Gold: simple stuff

2009-02-09T18:52:00.004-05:00

I get easily overwhelmed with data points and indicators when looking at charts, in hopes of unlocking a magical method of telling the future.It doesnt exist, so in the meantime I use good old fashioned moving average studies to take a top-down look at gold and consider what they are telling me. Short term I cant say, I mean everything points to a downward push for a few days or weeks

Gold Trader's Diary

2009-02-06T10:56:00.004-05:00

2 current positions:crude oil position via HOU.TO (crude oil double bull on the TSX):when can crude oil mount a rally? seems like it wants to move back towards the mid-30's before something can happen. i wonder if too many people believe we've seen the bottom in crude simply because supply/demand fundamentals will cause a decrease in production, which would lead to higher prices...suppressing the

Mish uncovers the mask of Peter Schiff

2009-01-26T20:37:00.002-05:00

Mike "Mish" Shedlock has one of the best financial blogs around.His daily posts are informative and succinct. Today post titled Peter Schiff Was Wrong can be found here. It is by far the most clear-cut case of a over-hyped and over-stuffed analyst high on his own supply. Mish outlines why Peter Schiff despite his leanings towards gold has been on-balance wrong in almost every aspect of his

Bob Hoye: the voice of reason

2008-11-27T10:03:00.004-05:00

I always enjoy Bod Hoye's work, his lucid and clear analysis of the gold market is a standout among the backslapping tendencies of many gold-bug newsletter writers. You can find Mr. Hoye's writtings at www.institutionaladvisors.com, this article was posted on 321gold.com.GOLD’S BEHAVIOUR DURING A BUBBLEBOB HOYENOVEMBER 25, 2008• Gold shares were expected to decline with the financial markets

Jim Willie makes a case- a failing case

2008-11-26T23:21:00.006-05:00

Ive always enjoyed the writing of Jim Willie, I used to follow his work quite closely. At some point his writings became increasingly conspiratorial, fractured and just plain wrong. While I agree wholeheartedly with his contention that gold is in a long term bull market, his rationale is not only faulty, its been consistently wrong for over a year now.Ill make my case, and you can

The Perils of gold stocks

2008-11-24T20:53:00.003-05:00

Investing is a difficult business.Investing in gold is evern harder.Investing in gold stocks is foolhardy.The bodies of gold stock investors litter the grounds at the gold-bug message boards.The technical picture is looking better day by day for gold stocks but can one really be certain?Gold newsletter writers will not help you. They were wrong. Horribly wrong. And they will never admit it.Use

Jim Sincliar sounds off on the current crisis

2008-10-07T23:05:00.003-04:00

Jim Sinclair's website is the first place to look for prophetic gold analysis, I thought this evening's post was worth repeating:Things are out of control. The draconian action taken by the Federal Reserve today was their entry into locked credit markets that are defined by the Libor Rate and Rate on Commercial Paper. This action prevented the triggering of a total implosion of all markets, with

TED Spreads Remain at Record Highs

2008-10-04T09:46:00.003-04:00

A great read from Jesse's Cafe Americain: TED Spread Soars to a New Record:Symptom of the Euro Dollar Squeeze?There is a real possibility that the TED Spread blowout is not an artifact of risk per se, but a symptom of the US dollar squeeze in Europe.US Dollar Rally and Deflationary Imbalances OverseasTED is an acronym for Treasury and EuroDollar. A Spread is just the difference or 'distance'

Basic Points September 2008 Edition

2008-09-28T10:40:00.002-04:00

Don Coxe's September 2008 Edition of Basic Points can be found at theCommodity News and Mining Stocks BlogThis monthly report along with Mr. Coxe's weekly webcast is a must for gold and commodity investors. J

weekly charts USD vs Gold

2008-09-27T19:45:00.002-04:00

Quick weekly charts of Gold and the US Dollar Index showing RSI, MACD and W%R.Notice gold's strong technical picture on the weekly chart closing just above the 50 MA.US Dollar index looking like it is rolling over on all indicators. A full blown roll-over may be confirmed with the RSI-7 falling below 50. The MACD is resembling a tsunami about to break.Monday's action will be critical in light

Technical Analysis for the GLD

2008-09-25T18:15:00.003-04:00

Its been a while but I wanted to post a quick TA on the Streetracks Gold ETF (GLD)I did some experimentation with Exponential Moving Averages and Fibonacci sequences and noticed some interesting events unfolding. With the US government bailout looming though, it seems impossible to predict which way gold will turn.enjoy,J

Tools of the Gold Bug's Trade

2008-07-25T09:20:00.001-04:00

how newsletter writer's stand forever at the precipie of an explosion in the gold price:recognize these lines????GOLD:gold will zoom if the ECB's mexican standoff against the dollar and Eurozone inflation results in an ECB rate increase.gold got crushed by the ECB's attempt to cool markets with a rate increase, once the hollow nature of this inflation fighting stance is revealed for what it is, i

Pakistan's Stock woes continue

2008-07-18T09:21:00.003-04:00

Pakistani Investors Stone Exchange as Stocks Plunge By Farhan SharifJuly 17 (Bloomberg) -- Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.``I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,'' said

Dow Theory Update

2008-07-11T11:55:00.005-04:00

This newsletter update from Richard Russell of Dow Theory Letters is a staunch reminder of the difficulties facing the US economy and the reserve banking system. Thanks to www.beearly.com for the update.JBest of Richard Russell, July 1st, 2008If the American people ever realized or understood how the Fed operates and how money is created in the US, there would probably be a

2008-07-08T21:24:00.023-04:00

How Are We Doing? By W. Michael Cox and Richard Alm From the July/August 2008 Issue Filed under: Big Ideas

Gold Stocks vs. Bullion Ratio

2008-07-08T10:41:00.001-04:00

GDX/GLD ratio highlights a possible bottom developing with a recent break above a broader downtrend and positive divergence on the RSI and MACD.J

Eric Sprott on the Markets

2008-07-03T22:14:00.004-04:00

MARKETS AT A GLANCEEric SprottSasha SolunacSprott Asset Managementwww.sprott.comRatchet (financial definition): An anti-dilutive provision where an investor is grantedadditional shares of stock without charge if the company later sells the shares at alower price.Screw (Sprott definition): A highly dilutive provision where an existing investor isgranted, without his approval or knowledge, an

Jim Willie and Gold's breakout

2008-07-03T14:24:00.002-04:00

Jim Willie is a long time gold bug and global economic commentator. This article from his "Hat Trick" letter is a great example of his rationale for the coming rise in gold prices alongside US economic weakness. JUSDollar on Edge, Gold on Vergeby Jim WillieJul 3, 2008The USDollar is on the edge of the chasm again. The nonsense has been cast aside about a bank recovery, a housing

PIMCO on Inflation

2008-06-23T20:36:00.014-04:00

Todays "Outside the Box" newsletter from John Mauldin is by Paul McCulley, the managing director at PIMCO who offers this missive on inflation, and why he believes the Federal Reserve will hold rates unchanged for some time.You can subscribe to John Mauldin's free weekly letter here. I always enjoy his articles because of the variety of opinions both he and others bring to the table. J

GDX 1 year TA

2008-06-22T09:26:00.001-04:00

1 year chart of the Market Vectors Gold Mining Index (GDX), click below to enlarge:

Peter Schiff on the Federal Reserve

2008-06-22T09:05:00.004-04:00

The Fed UnreservedPeter SchiffJun 21, 2008Throughout history, governments have always used crises to justify blatant power grabs. Often the crisis subsides, but the expanded government powers remain. In America this week, the tendency came into sharp focus. Congress signaled that it is preparing to perpetuate the Bush Administration's domestic wiretapping program, and has even abandoned the

Bank of England sounds the Alarm

2008-06-19T19:49:00.010-04:00

A great article from the UK's Telegraph highlighting the Bank of England's recent sounding off of alarm bells.J Things will get worse, warns Bank of England governor Mervyn KingBy Edmund Conway and Robert Winnett19/06/2008Families will see their standard of living stagnate this year while the value of their homes will fall further, the Bank of England Governor has warned. The coming

Euro Zone, a Continent Divided

2008-06-17T08:52:00.002-04:00

Support for euro in doubt as Germans reject Latin bloc notesAmbrose Evans-Pritchard13/06/2008Notes printed in Berlin have more currency for bank customers who fear a 'value crisis' Ordinary Germans have begun to reject euro bank notes with serial numbers from Italy, Spain, Greece and Portugal, raising concerns that public support for monetary union may be waning in the eurozone's anchor

Foreign Purchases of US Assets up in April

2008-06-16T09:20:00.004-04:00

Net Foreign Purchases of U.S. Assets Up $115.1 Billion in AprilBy Rebecca ChristieJune 16 (Bloomberg) -- Foreign buying of U.S. financial assets rose more than forecast in April to an 11-month high as investors snapped up Treasuries and corporate debt.Total holdings of equities, notes and bonds increased by a net $115.1 billion, from $79.6 billion the previous month, the Treasury Department said

Don Coxe: Basic Points May/June 2008

2008-06-07T10:19:00.002-04:00

The May/June 2008 edition of Don Coxe's Basic Points can be found on page #15 of this report.This report along with this friday's conference call by Mr. Coxe is all a commodity investor needs at this point to stay on track.J

Canadian Financials Bear TA

2008-06-04T20:24:00.003-04:00

Below is a 6 month chart of the Canadian Financials Bear Fund (HFD.TO).Comprised largely of the Big 5 Canadian banks, the HFD is a double inverse fund on the verge of a possible breakout. J

Oil Market Manipulation

2008-06-04T10:44:00.007-04:00

Thanks to www.beearly.com for this piece from Mexico Mike who makes a valid and critical point:Investigating the oil market manipulatorsby Mexico MikeCNN ran a show last night on the story of high oil prices and a big part of the commentary focused on the reported investigation through the CFTC regarding alleged oil price manipulations. This was also discussed recently on CNBC during prime time.

Gold Miner's (GDX) Technical Analysis

2008-05-31T13:45:00.003-04:00

TA for the GDX shows some interesting developments the past week. May 22nd I posted this 1 year chart of the GDX. Since then the GDX fell with the POG registering multiple positive divergences, and some interesting Fibonacci retracements make a case for an intermediate term low having already passed. J

Paul Van Eeden on CNBC

2008-05-30T07:36:00.004-04:00

Paul Van Eeden makes his case for high oil prices due to the expansion of the money supply, the announcers are practically laughing at him, and when CNBC hosts start laughing at a gold investor of Van Eeden's calibre, its bullish for gold IMHO.J

US Dollar Index Technical Analysis

2008-05-29T23:54:00.003-04:00

1 year chart of the US Dollar Index, shows some negative divergences alongside a rising trend chanell and a possible intermediate term base forming while gold gets hammered below $880 at the moment. The index may trend up but it may do so on increasingly weaker technicals, making the sustainability of any rally questionable. My May 24th, 2008 chart of the GLD noted a potential fall back down to

Canadian Financials (XFN)

2008-05-29T20:25:00.002-04:00

1 year chart of the XFN, the Canadian Financials ETF.Commentators have been saying for some time that the Canadian Banks are less exposed to the sub-prime fiasco and more conservatively managed. If the downtrend line holds, things may get ugly. Technical indicators appear mixed: Slow STO has bottomed which may mean a bounce or short term spike above the green downtrend while the RSI remains

Ricahard Russell

2008-05-29T11:10:00.004-04:00

Gold: Get some sun, stop worryingRichard Russell: Dow Theory Letters May 29, 2008Extracted from the May 28, 2008 edition of Richard's RemarksGold down, silver down, oil down (maybe), copper down, sugar down, cotton down, rice down, wheat down, CRB Commodity Index down -- what the devil is going on? Is the world deflating? Or is the world just taking a "time out?" My guess -- a time out. There

Jim Sinclair, words to the wise

2008-05-27T23:17:00.005-04:00

Today's post from Jim Sinclair of JSMineset.com serves as an important reminder how much he time and genuine concern he has for his viewers, or Comrads in Golden Arms (CIGA's) as he likes to call them. I give respect to Mr. Sinclair for always being forthright in his commentary, something far too many people pay good money for from lesser gold forecasters. When I first became interested in

Canadian Foreign Affairs Minister Disgrace

2008-05-26T23:08:00.009-04:00

As Foreign Affairs Minister,Maxime Bernier was Canada's highest ranking diplomat. Lacking international diplomatic or foreign affairs experience, Mr. Bernier was ill suited to the job when appointed in 2007. After several diplomatic fumbles Bernier was exposed by his former girlfriend Julie Couillard for having left sensitive government documents in an unsecured area in her home. Couillard

Crude Oil, Gold and Pitchforks

2008-05-24T19:50:00.008-04:00

3 year chart of the ratio between Crude Oil and Gold. The suggestion that a drop in crude oil means a fall in the commodity complex, and specifically in gold is only true some of the time. This chart would be much flatter if oil and gold moved in lockstep. Gold may face weakness should crude oil correct, but the price fall relative to crude oil may differ drastically just as gold appreciation

Gold Technicals (GLD)

2008-05-24T11:40:00.002-04:00

TA for Gold using a 6 month chart of the GLD notes a possible downward move to towards a new uptrend line and bullish divergence across the charts.J

Gold Miners TA update (GDX)

2008-05-22T12:39:00.003-04:00

Update of the Gold Miners ETF (GDX) today highlights the recent breakout from the spring lows. J

Fareed Zakaria and US Foreign Policy

2008-05-21T16:07:00.003-04:00

In this well-written piece by Newsweek's editor Fareed Zakaria,he argues that the United State's has failed to secure its foreign-policy goals in Lebanon by treating groups such as Hizbullah as military problems and not political ones. Zakaria argues with clarity that when the United States has elected to work with marginalized-armed groups it considers terrorist organizations, it has achieved

Gartman turns bullish on gold

2008-05-20T19:27:00.004-04:00

Dennis Gartman re-enters gold market, turns bullish By Jon Nones16 May 2008 at 12:49 PM SEATTLE (ResourceInvestor.com) -- Dennis Gartman, editor of The Gartman Letter, popular among hedge funds and securities companies, shocked subscribers this morning saying he was re-entering the gold market and “once again to turn bullish of the yellow metal.” On April 21, Gartman

Jim Sinclair, word to the wise

2008-05-20T19:20:00.001-04:00

Posted On: Tuesday, May 20, 2008, 6:56:00 PM ESTGold and Dollar Market Summary Author: Jim SinclairDear Comrades in Golden Arms (CIGAs), In years to come, market students reviewing gold's price action moving from $600 to $1200 will appear as much of a straight line as any market can produce. Don't miss the historical move you are in. Look at the big picture. Don't allow the daily arranged

Saudia Arabia's fine balance

2008-05-15T21:36:00.003-04:00

US-Saudi oil axis faces day of truthBy Ambrose Evans-PritchardMay 15th, 2008When President George Bush went to see Saudi Arabia's King Abdullah in January to plead for higher oil output, he was politely rebuffed. The rematch is likely to be a great deal more strained.If the Saudis deny help once again, they risk incalculable damage to their strategic alliance with Washington. The price of crude

Gold Technicals (GLD)

2008-05-14T12:08:00.003-04:00

1 year chart of the GLD. Jim Sinclair has called a bottom in the gold price since last week. If this does prove to be the near-term bottom, the falling wedge on weak volume and some bullish divergences may be signaling the next leg up. J

Jr .Gold stocks vs gold ratio

2008-05-14T11:13:00.005-04:00

The $CDNX:GLD ratio- Jr. gold and silver stocks represented by the Venture Exchange vs the price of gold represented by the GLD.This 2 year chart shows the possible breakout from a year long nose-dive that has seen Jr. precious metal stocks badly underperform compared to the price of gold. The first signs of this breakout were charted in greater detail here last week.This is more of a process

Escape and Invasion: recession

2008-05-13T21:15:00.005-04:00

Escape and Evasion: How the Media pretends a recession doesn't existEscape and evasion is not a race but a process; one that requires skill, patience and cunning to achieve your objective. Openly question if we are in recession by hosting scores of experts to discuss the issue.On-air dialogue should continually frame the possibility of recession as an open ended future event, posing questions

Paul Van Eeden's call on gold and bonds

2008-05-13T11:19:00.010-04:00

Soaring interest ratesPaul van EedenPosted May 12, 2008The following article was sent to subscribers to Paul van Eeden's Commentaries on April 18, 2008.Five years ago I was certain that the gold price would double, or triple, from its then $300 an ounce price level. I bet large and it paid off. I am now becoming equally convinced that US interest rates are going to soar and I am going to bet big

Gold Timer's sentiment index is bullish

2008-05-12T08:55:00.003-04:00

Wednesday, May 7, 2008 HULBERT ON MARKETS