Spot gold dropped as much as 8 percent on Monday alone,
falling as low as $1,355.80 an ounce. "The pressure from the proposed sale
of Cyprus gold is one of the factors, and once one of them start, they all run
from the hen house," said Robert Richardson, senior account executive and
trading officer at Canadian broker-dealer W.D. Latimer Co. Ltd.
Oil is under pressure from fracking gas coming on line. Brent oil dropped 10% over the week. China
The number of Americans filing new claims for unemployment
benefits hit a four-month high last week, suggesting the economic recovery is
no longer responding to the FED flooding the stock market with credit. This week it improved slightly. Most of the FED money is going to brokers and bankers who have been giving themselves record bonuses
since the Obama bailout of banks began.
Initial unemployment Claims 03/30 rose to 385K from 357K. Kim Jong Il claims he has final approval for
a nuclear first strike.
World Economies
A sharp improvement in UK
Ford Focus was the world’s best-selling passenger car in
2012.
French and Dutch bond values are falling as interest rates
rise in response to unbalanced budgets.
This is China
Half of the S. Koreans don’t expect an all- out war with the
North, and 43 percent do.
Coptic Christians denounced Egyptian President Mohamed Mursi
as the genocide killing of Christians by Moslems climbed into the hundreds. This is days after Mursi got jet fighters
from President Barack Hussein Obama.
The German bund gained and gold recently rose above $1,600
an ounce again.
The German
market has hit but has still failed to break out from the 2007. Remember since 2008 we had over 15% inflation
when we include food and energy so the market is still 15 off the real high
when the high is hit. The German market continues to hit resistance.
The Greek market indicates stagnation since year 2000.
The French market indicates stagnation since year 2000.
The Swiss market indicates stagnation since 2007. But once again look at the spike up in stock
prices with Bernanke’s $85,000,000,000/month gift from America
http://in.finance.yahoo.com/q/bc?s=%5ESSMI&t=my
The NYSE is similar
to the British and Swiss and indicates stagnation since 2007 given in excess of
15% inflation but the market no similar market advance.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined.
American Economy
The DJI failed to break out considering the inflation exceeded 15% since the last high in
2008 so it has a long way to go to break even in 2008 dollar value.
The DJA in 2013 is also now at a record high due to
inflation. Look at the spike up this year as $85,000,000,000 flows into markets
each month.
http://finance.yahoo.com/q/ta?s=%5EDJA&t=my&l=on&z=l&q=l&p=&a=&c=
This week
Apr 9
Wholesale Inventories Feb -0.3% improved from 1.2%
Apr 10
MBA Mortgage Index 04/06 4.5% improved from -4.0%
FOMC Minutes 3/20 leaked to special interests
Crude Inventories 04/06 0.250M worsened 2.707M
Initial Claims 04/06 346K still extremely high 385K
Continuing Claims 03/30 3079K up from 3063K with 3 million no longer looking for jobs.
Export Prices ex-ag. Mar -0.2% fell with slowdown from0.6%
Import Prices ex-oil Mar -0.2% fell with slowdown from 0.0%
Natural Gas Inventories 04/06 -14 bcf declined less than last week -94 bcf
Core PPI Mar 0.2% flat 0.2%
Mich Sentiment Apr 72.3 down sharply 78.6
Business Inventories Feb 0.1% fell from 1.0%
Markets April 12
Regulators and exchanges are altering the speed bumps
adopted after the May 2010 flash crash. The new system, known as
limit-up/limit-down, replaces automatic halts.
Apr 11
Treasury Budget Mar -$106.5B deficit lower than previously
-$198.2B - Initial Claims 04/06 346K still extremely high 385K
Continuing Claims 03/30 3079K up from 3063K with 3 million no longer looking for jobs.
Export Prices ex-ag. Mar -0.2% fell with slowdown from0.6%
Import Prices ex-oil Mar -0.2% fell with slowdown from 0.0%
Natural Gas Inventories 04/06 -14 bcf declined less than last week -94 bcf
Apr 12
Retail Sales Mar
-0.4% fell sharply from 1.1%
Retail Sales ex-auto Mar -0.4% fell sharply from 1.0% Core PPI Mar 0.2% flat 0.2%
Mich Sentiment Apr 72.3 down sharply 78.6
Business Inventories Feb 0.1% fell from 1.0%
During the industrial revolution in
Can world trade go any lower or has it flat lined? It still looks close to zero. http://www.bloomberg.com/quote/BDIY:IND/chart
Bernanke is pushing on a string. The FED has run out of leverage at close to
0% short term interest rates.
The VIX behaved this way in 2006 and 2007when the bubble
began to unravel but the market did not collapse until 2008.
World market updates:
http://in.finance.yahoo.com/intlindices?e=asiahttp://in.finance.yahoo.com/intlindices?e=europe
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