iCharts Discussions

[sairanga19]

nice one

[ajayhkaul]

Morons always rise to the top ...before collapse !

[ajayhkaul]

Picture Perfect ! Passing the baton ?

[ajayhkaul]

".....Beijing just announced that its broadening its currency’s reach in international markets by extending a slew of new loans in yuan terms to the BRIC nations of Russia, Brazil, India and South Africa.


The actual amount of the new loans has not been revealed. But it’s sure to top the $30 billion in yuan lent to Australia just last week.

Keep in mind that none of those countries need the money.

The low interest rate loans are being made for one, and only one, reason: TO INCREASE THE YUAN’S PRESENCE IN INTERNATIONAL MARKETS AND BOOST THE CHINESE CURRENCY’S ROLE IN THE WORLD’S MONETARY SYSTEM ... and ...

TO PUT FURTHER DOWNSIDE PRESSURE ON THE VALUE OF THE U.S DOLLAR!

Which is precisely why, in just the last week, we’ve also seen the value of the U.S. dollar plunge to record lows against China’s currency!


Washington will stop at nothing to relieve the pressure they’re feeling from massive $15 trillion mountain of debt. Even if it means cooperating with China to devalue wealth by setting off a massive round of inflation as the dollar gets knocked off its perch.

Can they escape a sovereign debt crisis by paying back its debts with dollars that are a mere shadow of their purchasing power?...."


Watch out ....

[rk_a2003]

"India and China declared their intention to continue oil trade with Iran, not yielding to the pressure tactics exerted by US. Now the issue became embarrassing for US and Israel. If they let this happen to continue more countries may follow the path.

Defiance and courage is also like a virus they may spread very fast. The initiation and sustainment is really difficult part which was completed by India and China. Of course China is known for it. Now India also joined, may be out of internal oil needs compulsions. You can read the Statements of India requesting US to understand the compulsions of Indian oil needs and view it sympathetically. It is really hard to find such statements from China. They are with self-respect.

Now US are in Fix.Let us wait and see what tactics it’s going to adapt to prolong petro dollar dominance. Yuan is fast rising to replace US $ (you may read the postings of Ajay reg. this).US successfully thwarted the challenge of Euro, till now able to keep down Gold and Silver with shorts in paper trades. What it is going to do with Chinese Yuan? .After all Chinese are hard nuts to crack, they don’t care for anything other than their national interests.

We have seen the collapse of so many empires. Now it could be the turn of US, though not so soon."

I posted this few day's back.Now read the following news.

Federal Reserve chairman Ben S. Bernanke reiterated the central bank's resolve to keep interest rates exceptionally low in a bid to boost growth and reduce unemployment. While he offered no hints about the US central bank's plan for QE3, all options appear to be still on the table.

This is the step US is thinking to adapt to keep going the dominance.It's not new. Infact it's the old wine in the old bottle..... nothing new.

They don't have any ideas to pull out . Still using the old weapon again and again. It’s already blunted and showing the consequent affects of ineffectiveness.

Alas! what they can do other than hoping against hope.

[ajayhkaul]

It seems the heads of BRIC nations (or their reps) are having their annual pajama party in Delhi .

They are worked up about the inflation that US is exporting across the world . But the BRIC(k)-heads cannot get their act together due to mutual distrust and dominance issues.

How it pans out finally is something we will see in due course( a BRIC -zone?) , while the reserve currency is flooding the financial system and the resulting inflation can destabilize countries .

During Inflation , cash is trash .

And Gold is king ?

So we go back to the old favorite : that's(still) waiting for something down below to die (collapse?)


http://www.youtube.com/watch?v=lIc092z1Uag

[ajayhkaul]

"....Leaders from some of the world's largest developing economies -- Brazil, Russia, India, China, and South Africa, the so-called BRICS -- called Thursday for a more representative international financial structure.

Wrapping up a summit Thursday in New Delhi, the five-nation bloc proposed the formation of a shared development bank. The "BRICS bank” would help shield the developing world from financial crises emanating from richer nations......"

[vinay28]

they are all standing on one leg!

[ajayhkaul]

However , if they manage to stand up to IMF ( on one leg !) it will mean a death knell for the US Dollar.

Meanwhile INDIAVIX dropped to lake placid levels ...expect few days of bull run....

[ajayhkaul]

Just one more trading day for the shortened week

VIX is lower , but will they hold over 4 days of the long weekend ?

If Nifty crosses 5400 and stays just above it , a good sign. Most likely too.

[rk_a2003]

U.S. stocks dropped Tuesday after the Federal Reserve indicated it was unlikely it would offer more stimulus anytime soon.

Investors grew skittish after the Federal Reserve released minutes from its most recent open committee meeting around 2 p.m. The Fed's comments suggested that it was less likely the central bank would intervene to help the markets unless growth slows.

The market expects another round of easing, and each time they get a sign that it might not be the case, stocks sell off.

Above were the news Item in American media. FED Playing hide and seek game. If they find things are not worsening, they indicate no Stimulus otherwise yes. Right now they see things slightly improved thus the stance. Mind it; they are not saying No Stimulus just saying No Stimulus Soon.

They are also in a defensive position due to the aggressive moves of Yuan to replace $.If they keep on inducing Stimulus there is every possibility of world community being fed up (Just like our Ichartians ) and resorting to other currencies including Yuan…..Earlier they said no Stimulus…. Later yes ….Now not soon….. So! keep watching Hide and Seek game orchestrated by FED.

But,US markets may rally again pointing out the ignored fact that FED is positive about recovery,The rally may continue till the economic indicators slap on the face and ask the markets to recognise the reality.

[ajayhkaul]

The rally may continue till the economic indicators slap on the face and ask the markets to recognise the reality...rk

Here are some mind blowing indicators :(Some ichart forum readers may think why we keep ranting about US .....these are LESSONS for us and we need to watch what our own guys are doing . They are all manipulators and financial engineers)

1.. "The FED bought 61% of the US debt issued last year ! So the bond market is a sham ( it is not based on true 'price discovery') . If Obama loses on Nov 6, the new pres will have a 'rocking' time

Unless US wants to go the way of Argentina or, worse, Zimbabwe, the buying spree must end.

When it does, bond prices will plummet and interest rates will surge... and the economic rebound will be history.

2...The chart shows a 13% drop from a 107.5 labor share of GDP in 2002 to the 95.5 labor share in 2011 --- the equivalent of roughly $1.6 trillion.

The chart proves that labor's share of the economy took a hit during the recovery -- thanks mainly to a surge in corporate profits while wages drifted downward.

In other words, American GDP growth has been fed by corporations, gains in markets and the short-term effects of quantitative easing over the past couple years.

It is good that more Americans are finding work every month and that GDP is growing -- even if it is small. But don't be fooled. Real wages are historically low. Americans are struggling to get by and will not spend more until they make more."

So its back to spending .... ie demography .

Lesson : we cannot experience a true economic recovery if consumer spending is about consumers dipping into their savings (or borrowing) to spend. Similarly, we will not experience economic growth if consumer income is declining. We are not experiencing a true economic recovery in thee US. Watch the rally in stocks—it’s a bear market trap.

We need to watch consumer incomes and spending in India too.Though markets dont work in isolation...

QED

[ajayhkaul]

[ajayhkaul]

[pkholla]

Ajay: I am not shedding any tears for jewellers. One "sanskrit=shiny" (Bangalore 86 opp Iskcon) has added THREE commercial and THREE large apartment buildings to his collection in my area alone since moving in 5 years ago. Another (sanskrit= beauty) has spent 1 cr on decor after paying 3 cr for a resi site. These are croc tears they're shedding as the customer pays the tax in the first place. May these piranha rot in hell.
Persuade your wives, daughters, neighbours to shift to coins and ETF (apart from basic mangalsutra, earring, 4 bangles). Save the 10% making charges (= loot).
Even coins: avoid banks and ADAG as they loot 25% additional charges above gold price. (For eg I buy from Bangalore Ref. which extracts gold from jeweller waste).
Rgds, Prakash Holla