iCharts Discussions

[vinay28]

mayan calendar ended on dec 21, 2012 because its creator died and no one else could continue it!

[ajayhkaul]

How would you like to receive an order like this ?

[vinay28]

That would enable India wipe out all deficits and make it super-rich overnight. On second thought, only the politicians and govt. servants will become super-rich.

[ajayhkaul]

[pkholla]

Ajay/ Vinay: We also had Gold Control Order passed around Indo-China war time in 1962. What was remarkable was that GoI actually returned physical gold on the date specified in the GCO: 1975? (You could hand over ornaments, coins etc and got back ingots). I wonder when some smart aleck in Fin Min remembers this and thinks of looting our gold coins/ ornaments to fund the subsidy and Didi-ka-derailed-rly gaps. Rgds, Prakash Holla

[vinay28]

I do remember prakash but that was not mandatory and this time you will not get it back

[ajayhkaul]

From my post of April 6,2012........"I have written earlier that following technical analysis by the book makes the techie susceptible to manipulation because the techie is very predictable especially the beginners.

Hope the above info helps all techies to guard against their vulnerability. We know that no system of analysis is the grail by itself.

As an exercise , watch the buy sell volumes of the share you hold...many times large volumes appear and disappear in seconds ....how many of you have seen that ?

Do share your experience.....and fight back....'"

Today we have a wide ranged reaction from ichartians, algo trades ,HFT etc..

How about a 'no trade day' protest ? No point taking all this lying down ....

[ajayhkaul]

Central Banks gone Berserk !

The U.S. Federal Reserve (Fed) has nearly TRIPLED the size of its balance sheet — from about 6% of GDP just three years ago to almost 17% of GDP.

The Bank of England (BOE) has followed in lock step with the U.S.

The European Central Bank (ECB) has suddenly expanded its balance sheet from about 20% of GDP to close to 30% GDP. And …

The Bank of Japan (BOJ) has also run up the size of its balance sheet assets to about 30% of its economy!( Japan is hell bent on harakiri ?)

Total Balance Sheets of the Four
Central Banks: More Than $10 Trillion!

That’s $10 trillion in paper money that’s been pumped into the global economy!

Unprecedented !

And ITS NOT WORKING !

They also hoped that, after dishing out so much liquid cash to their biggest banks, those institutions would naturally be in far better shape today,,,,.

many of the world’s largest BANKS have used most of the new money to double down on their riskiest bets!

Prime examples: Big European banks. Over the past few months, they have used the bulk of the cheap money they borrowed from the ECB to buy precisely the same junk that got them into so much trouble in the first place — the toxic bonds of weak countries like Spain, Portugal, and Italy!

As a result, European banks now hold 135 billion euros in Greek bonds … 192 billion in Portuguese bonds … 411 billion in Irish bonds … 634 billion in Spanish bonds … and a whopping 801 billion euros in Italian bonds —more than ever before.

And guess which countries are the headquarters of the biggest banks with the most dangerous exposure! Germany and France — the core euro-zone nations with the ultimate responsibility of backstopping the debt crisis!


Combined, the economies of Spain and Italy are more than TWELVE times larger than Greece’s economy.

Spain’s economy alone is larger than Australia’s, South Korea’s — even Saudi Arabia’s. And Italy’s economy is larger than Russia’s, India’s, or Canada’s!

More money they print, worst it gets ......a downward spiral of epic proportions....

But(t) , As you can see , it is hazardous to be at the wrong end of an elephant...( if u find this offensive , do write ,and we will take the image off.... No,No... I mean Ben's photo)

[ajayhkaul]

"....It appears the entire fiat currency experiment of Keynesian Economics is on its final legs and ready to implode.

Governments and their central banks with reckless abandon are blatantly deceiving the public, as witnessed by the orchestrated attack on the precious metals markets.

This type of behavior is typical when nations get to the end of the fiat currency game of creating money out of thin air and pumping it into the system.

They have juiced the system for over 40 years, but have now come face to face with the reality.

That reality is that it is taking greater and greater amounts of counterfeiting (creating money out of nothing) to keep the whole smoke-and-mirrors routine going. The debt is growing much more rapidly than the general economy that they are trying to stimulate.

At some point, the fear of the debt and the interest that must be paid is going to totally overwhelm their ability to stimulate the economy by generating more debt.

All this liquidity is creating inflation ....

So what price of gold per ounce would it take to cover this debt???

Global Money-Debt/Gold 'Conversion '( by Gregory Weldon)

U.S. Money Supply ($14.0 trillion)
Gold = $3000 per/ounce

U.S. Government Debt ($14.0 trillion)
Gold = $3,000 per/ounce

U.S. Money Supply + Government Debt ($28.0 trillion)
Gold = $6,000 per/ounce

‘Global’ Government Debt ($36.8 trillion)
Gold = $7,200 per/ounce

IMF-5 Money Supply ($52.2 trillion)
Gold = $10,500 per/ounce

‘Global’ Money Supply ($60.2 trillion)
Gold = $12,120 per/ounce

All Money Supply + Government Debt ($96.8 trillion)
Gold = $19,525 per/ounce

NOTE: This mathematical conversion is strictly intended to illustrate
that gold could be ‘undervalued.’

Ok ok .....so how about just $6000?

One simple indicator is that gold mining stocks rise before gold rises (check this out) and the gold mining companies will go ballistic in this event of currency implosion.

[ajayhkaul]

"...After injecting a trillion dollars into the economy by purchasing U.S. Treasury securities, a large percentage was guaranteed. What drove the number up to 61% is the truly scary part...

Foreign purchases of U.S. debt (mostly foreign central banks) dropped to less than 2% of GDP from almost 6% just three years ago.

Private-sector investors cut purchases even deeper to less than 1% of GDP from 6%.

The pattern is blatantly unsustainable and suppresses the interest rates the U.S. government would have been forced to accept in a free market.

When interest rates rise -- and they must rise at some point soon -- US national debt hinges on what real buyers are willing to pay..."

[ajayhkaul]

Lets look at Silver ,shall we ?

If u c what I c , then we have a first target if $35 and then $43 .

Sizable gain , yeah?

Will it happen ? Likely

[ajayhkaul]

no comments

[ajayhkaul]

A market voice on Gold.... An upcoming (CATALYST)event with wide repercussions...Judge for yourself now that you know what is coming up....

"......On June 28th, the National Defense Authorization Act of 2012 (NDAA), signed by President Obama in 2011, will take effect…

It’ll try to make it nearly impossible for Iran to sell oil to the world markets.

It will sanction any company or country that attempts to deal with Iran’s central bank or buy Iranian oil.

And it will force other countries to choose between buying Iranian oil and being cut off from dealings with the U.S. economy.

However, as the Huffington Post points out, the act could backfire on US…

For the plan to work, oil demand would have to remain steady and other exporters would have to replace Iran’s roughly 2.5 million barrels a day on the global market.

For instance, Saudi Arabia has increased the amount of petroleum it pumps, and is promising a further rise in output this summer in an attempt to flood the market and allow countries to replace Iranian purchases with Saudi ones.

But experts doubt the Saudi ability to do this long term and — most important of all — global demand is not steady. It’s crucially on the rise in both China and India.

For Washington’s energy blockade to work, Saudi Arabia and other suppliers would have to reliably replace Iran’s oil production and cover increased demand, as well as expected smaller shortfalls caused by crises in places like Syria and South Sudan and by declining production in older fields elsewhere.

Of course, other nations are concerned about the repercussions of the National Defense Authorization Act.

Because once that oil is taken off the market, oil will surge.

Japan, which has been supportive of moves against Iran, is uneasy…

“The higher oil prices, the more affluent Iran becomes,” says Japan’s Finance Minister, referring to the likelihood of some countries ignoring the sanctions and continuing to buy from Iran.

And the act’s sanctions put China in a bind because they must now choose between avoiding doing business with Iran and being cut off from dealings with the United States — neither of which the Middle Kingdom can afford.

China will follow India’s lead, though, bartering goods, services and gold for Iranian oil, sideswiping any foreseen problems with the United States.

This could send the price of gold screaming higher as China’s need to replenish its gold outflow increase in the process.

Why Gold Critics are Wrong

There is absolutely no indication on a long-term chart of gold that the bull market is over…

It’s simply pausing and consolidating into a coiled spring pattern after last year’s sharp rally.

How can the bull market be over when the only solution to US debt problem is buying more debt, which only further devalues fiat currencies and makes problems worse?

Don’t listen to the mainstream press. Gold still has room to run…

So buy the dips. Buy all the gold you can....."(Ian Cooper)

[ajayhkaul]

Last year in this blog I wrote about 'collapse of empires' , 'wild west like scenes in the US' ....

Recently the following have gone under the radar:

Why did Barack Obama recently update an old executive order so that now he will be able to take charge of all food, all energy, all health resources and all transportation resources in the United States even in “non-emergency” situations?

Why are federal government(US) agencies stockpiling massive amounts of food and ammunition? Do they know something that we don’t?

Why has Spain banned all cash transactions over 2,500 euros?

[pkholla]