Daily Digest

Daily Digest 4/23 - Jim Rogers On Silver Prices, China vs. United States, "No Silver Bullet" For Rising Gas Prices

Saturday, April 23, 2011, 9:46 AM
  • Silver Price Warning From Jim Rogers
  • Gold Prices "Not Finished By A Long Shot"
  • Welcome to the new Cold War: China vs. the United States
  • Restructuring: By Design Or By Default?
  • Treasuries Advance Before Fed Meets on Bets Growth Will Suffer
  • Obama On Rising Gas Prices: "No Silver Bullet"
  • China Crops in Short Supply as Fewer Farms Spur Food Prices
  • Coast Guard Cites Many Lapses in Sinking of Deepwater Oil Rig

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Economy

Silver Price Warning From Jim Rogers - 21 April 2011 (Alfredo E.)

"I certainly hope it doesn't happen [this year] because I own silver and want to buy more," he told Financial Survival Radio. "If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we'll have to worry. It's not parabolic yet".

Rogers explained that too rapid an upward swing – what he calls a "parabolic" move – would almost certainly be a precursor to sharp falls. "There's never one in history that hasn't popped," he said.

Gold Prices "Not Finished By A Long Shot" (Alfredo E.)

"On the basis of everything that is going wrong – a possible downgrade in the United States, the situation in Libya not getting any better, the general feeling about the global economic situation – I think gold is going to go higher," said London-based ANZ Bank analyst Peter Hillyard. "Gold isn't finished yet by a long shot."

Welcome to the new Cold War: China vs. the United States (David B.)

China is also America’s largest creditor. When our government decides to spend more money it doesn’t have, it’s often China that covers the check. Our debt to them is reputed to be in the trillions of dollars.

In my latest book, How To Save Jobs, I wrote extensively about how China’s transformation into a modern superpower has directly impacted the jobs situation here in America.

Restructuring: By design or by default? (guardia)

We could be entering end-game territory in the coming months. News from the bond markets about Greece resembles bulletins about Alpine peaks rather than sovereign debt priced within reasonable parameters.

Treasuries Advance Before Fed Meets on Bets Growth Will Suffer (jdargis)

“You are looking at an economy that’s just getting off low levels,” said David Coard, head of fixed-income trading in New York at Williams Capital Group, a brokerage for institutional investors. “The market is looking for guidance from the FOMC. We’re looking for clues as to when the Fed may possibly begin to change course with respect to monetary policy.”

Energy

Obama On Rising Gas Prices: "No Silver Bullet" (jdargis)

The president acknowledged what polls this week showed: Americans are feeling down on their luck and down on the country's economic path. He referred to "hard times -- and that's what a lot of people are facing these days."

Environment

China Crops in Short Supply as Fewer Farms Spur Food Prices (jdargis)

China’s farmland shrank by 8.33 million hectares (20.6 million acres) in the past 12 years, Premier Wen Jiabao’s top agriculture adviser Chen Xiwen told reporters March 24. Land under cultivation has already fallen almost to the government’s 120 million hectare limit after being consumed by apartments, factories, desertification and a forestation campaign. Drought has also hit the country’s main wheat-growing region.

Coast Guard Cites Many Lapses in Sinking of Deepwater Oil Rig (jdargis)

“Although the events leading to the sinking of Deepwater Horizon were set into motion by the failure to prevent a well blowout,” the report states, “the investigation revealed numerous systems deficiencies, and acts and omissions by Transocean and its Deepwater Horizon crew, that had an adverse impact on the ability to prevent or limit the magnitude of the disaster.”

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3 Comments

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3200
Crash Course book review

CHS posted a nice column about Chris's book.

http://www.oftwominds.com/blog.html

Doug

es2's picture
es2
Status: Bronze Member (Offline)
Joined: Dec 31 2010
Posts: 68
Uploaded about 1 week

Uploaded about 1 week ago:
Economist Huerta de Soto discusses the real causes of the financial crisis
Jesús Huerta de Soto, author of the thought-provoking book on economics 'Money, Bank Credit and Economic Cycles' and Professor of Political Economy ...

Click here to read more: http://www.goldmoney.com/video/huerta-de-soto-presentation.html
1 hour 7 minutes log, full transcript on page.

Yuan continues climb to end at record; revaluation seen unlikely
http://www.reuters.com/article/2011/04/22/us-markets-china-yuan-idUSTRE7...

If Bonds Go Up Another 3 Or 4 Points, I am Going To Sell Short
http://jimrogers-investments.blogspot.com/2011/04/if-bonds-go-up-another...

We Have Inflation Now
http://jimrogers-investments.blogspot.com/2011/04/we-have-inflation-now....

es2's picture
es2
Status: Bronze Member (Offline)
Joined: Dec 31 2010
Posts: 68
New Milestone for the Gold-Silver Ratio

New Milestone for the Gold-Silver Ratio

http://www.gotgoldreport.com/2011/04/new-milestone-for-the-gold-silver-r...

As we prepare to return to our Houston-area HQ, we couldn't help but notice that the gold/silver ratio (GSR) marked a new milestone as of the close on Thursday.  The graph below shows the lowest weekly-close gold/silver ratio since 1980, as the important ratio closed just slightly below the lowest weekly close level marked in 1983.

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