US Treasuries and Silver are at bubble levels now and getting into danger.

US Treasuries and Silver are at bubble levels now and getting into danger.
Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pumping silver now because they want ignorant investors to buy while the hedge funds dump their silver.


World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.

The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.

Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama.


Last Friday
Sep 17 8:30 AM CPI Aug was 0.3% the same as last month and not deflation or inflation, but good
Sep 17 8:30 AM Core CPI Aug was 0% down from 0.1% last month and in the direction of a slowdown.
Sep 17 9:55 AM Michigan Sentiment Sep declined to 66.6 from 68.9 not a good sign for the economy.

Today
Sep 20 10:00 AM NAHB Market Index Sep

This week
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21
Sep 22 10:30 AM Crude Inventories 09/18
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug

Market Outlook Sept 20, 2010
The Friday decline was on 20% higher volume, a level above the 100-day moving average.

The hedge funds and George Soros also are overweight in Gold and silver that already had a big run. They are trying to unload now on the unwary public making Pollyanna predictions for this year. Time to get out of Gold not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels.

The stock market has hit the ceiling again. If there is no vigorous breakout very soon there will be a pullback soon. The stock market never has a plateau for very long. An upside breakout would require a surge of the NYSE above 7127 on high volume. We are now at 7155 but we still need a surge for it to be an upside breakout and we need a volume pickup. Friday's volume was a little above the 100-day moving average but on a price decline as happens when the market hits a resistance level.

It is time to take stock market profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.

World Markets
Asian markets were up last night following the USA. Shanghai down -0.4%, Hong Kong up 0%, India up 1.6%, and Japan closed.

European markets are up following American futures again this morning in a range of about 0.5% to +1.2% about half way through their day.

US pre-market futures are up about 0.3% to 0.3% this morning at 8:00 AM.

The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.

It is time to kick Obama's American Socialist State (ASS) out of office.