EurAnalysis

http://www.goldcore.com/goldcore_blo...-ever%E2%80%8E

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The run into Chinese Lunar New Year has again seen higher than expected Chinese demand for gold and China's voracious appetite for gold is surprising even analysts who are positive about gold.

As Chinese people's disposable incomes gain and concerns grow over inflation and equity and property markets, Chinese consumers and investors are turning to gold as a long term investment hedge.

There is informed speculation that commercial Chinese banks may have taken advantage of the recent price dip to build stocks of coins and bars and accumulate bullion.

China's demand for physical gold bullion has rocketed past India with the country now overtaking India in the third quarter as the largest gold jewellery market according to the World Gold Council.

http://quotes.ino.com/chart/index.ht...X&t=&a=&w=&v=s

I am off to bed. See everyone in the morning. ECB at 7:45 AM EST Press Conference at 8:30 AM

http://www.financialsense.com/contri...ly-two-options

Don't shoot the messenger. It is not good and we can only profit from our knowledge of the future. Good Night...

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The next point in that series is some $1,800 billion dollars in new debt per quarter, or roughly $7.6 trillion per year. Incidentally, we're four of the five years into that period, and the rate of debt addition (on average) looks more like 1982 than 2007 - and so does GDP!
The Federal Government has been adding more than $1.2 trillion in new debt per year in an attempt to prevent recognition of the ponzi-style debt bubble that it, our Federal Reserve and our commercial banks all conspired to blow in the economy. The same Ponzi Scheme, run by a private enterprise (e.g. Madoff) will and does result in long prison sentences.
It is not going to work folks; the $1.2 trillion that our government is taking on is one sixth of what would be necessary on average for the next five years, and for the five following that we'd need to double it again, to more than $15 trillion annually.
The Ponzi Scheme has run into the wall. We, as Americans, the people of Europe, and our respective governments have only two choices:

1. Face reality and cut back [COLOR=blue !important][COLOR=blue !important]government [COLOR=blue !important]spending[/color][/color][/color] to that which we can tax, allowing the credit bubble to deflate entirely. This will produce a massive but short-term economic contraction back to sustainable levels.
2. Continue to refuse to accept reality and as the futile and ever-larger attempts to prop up that which cannot be propped up are continually attempted and fail the percentage of contraction that we must withstand both in government and the economy will, as a matter of mathematical inevitability, grow larger each and every day until both economies and governments collapse.

Given that China, which until a mere 30 years ago, was a largely pastoral Maoist state, has assumed such significance in that world which caused the Maoist U Turn following Nixon's visit and subsequent promises of investment and technology plus the gift of Taiwan's Security Council chair, you are looking in the wrong place as to where much of the accumulation from this new internationalised capital is going home to roost (and I also include Japan and Germany in this construct to some extent although it is fair to say the deal struck with the latter two was more generous to their native elite.)

On that basis, it matters not a whit to the internationalised Anglo investors how the accumulation process is transacted, although for the moment, whilst the last barriers to commodity deregulation stand such as Iran and Venezuela, I suspect that a preference for an American pre-eminence in world affairs will remain.

In fact, I am certain that not only will the US and Greenback be largely unchanged this time next year, a new more sleeker, US style Europe, China and India will emerge from the current mayhem which was generated by the Cold War policy of opening up ownership to the working classes rather than this mythical incompetence these analysts seem to have got their knickers in a twist over.

True, there is some concern that the bank debts are insurmountable but the underlying leadership of America and Britain in moulding the new order of capital remains unchanged as they hold they keys in the alchemy of financial servicing. I have been saying this ever since the emergence of the housing crisis back on 2008 whilst all manner of doom and gloom keeps getting called over and over, and nothing happens!

And for that sir, you get my vouch!

Just wake Up...
Yes Billyt,am miss you a lot...and what happen with china? would appreciate if you can share some Information


God bless

The Chinese are largely seeking to build up their goodwill with international capital and one element involves underpinning the state with a solid financial basis...such is the way of the merchant in an order where wealth is largely intangible. They will learn. Creativity is all that matters.

Of course some would argue that it is a fiat, valueless method of growth. However, lets not forget that the surplus that drives the accumulation process is as ever, always contained in the energy that transforms a commodity into things...oil and labour. On that last count, China really has nothing to fear. Her vast workforce, largely obedient and managed by an efficient command control bureaucracy is an investors wet dream.

looks like we have H&S pattern on euro recently...hope to see more after draghi comment

good to be prepared before event right?

thats good as usual

thanks for the headsup

Today is the 4th day of the trading week and we need to be very careful to secure all the profit we earned in last 3 days ... there are lots of critical news and speakers will be moving the market wildly later today ... so today is no projection, no speculation just flow with the money would be the Idea.

In technical aspect, I would take Fxmind's strategy to look out for break outs and trade .. If price goes upward will closely watch how 1.2810-20 area plays may enter short there ... presently seems it got a tiny resistance in the 1.272x area so may be lookout for a breakout in this area.

Today, I'll not be trading on the first half ... may come back before NY Opens ..it is important for me atleast not losing the earned pips

hehe..welcome

Good job ..buddy (Please do not come back with he..he..hu..hu as reply to this. )

but can i use "hahaha"..tq fren

A lot of high impact GB, EU and US data, ECB press conference and Spanish 3 and 4 year bond auctions 0930 gmt and Italian 6 month and 1 year bills 1000 gmt

It's a day you should keep an eye on the news and economic calender

Especially you short term traders.

Me, I'm going back to bed

Or Ho Ho Ho

hahahuhu

(he didn't say I couldn't say that)

Good morning PK.

ADD: HuHuHeHeHaHaHoHo

Its been Long time PK nice to see u back ... expecting u this afternoon

Thanks Action Insight...

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Daily Report: EUR, GBP, CHF Weak ahead of ECB Meeting, Spain Auction

European majors are generally weak as markets await ECB meeting as the main event of the week, as well as Spain's bond auction. There are intense worry that the peripheral debt crisis is finally spreading to the core of Eurozone nations. It's widely believed that ECB could play an important role, be it scaling up the bond purchases to limit yields below 7%, or any other number, or allowing ESM to be a bank to draw ECB funds to leverage. The three-year LTRO operation announced last month was a disappointment as the funds are mostly parked back to the central bank and Italian 10 year yield is still hovering around the unsustainable 7% level. At this moment, though, ECB seems not ready to add any additional measures and is expected keep everything unchanged today.

Spain and Italy are set to sell as much as EUR 17b in debts today. Spain targets to sell maximum of EUR 5b of 2015 and 2016 bonds today. Italy, on the other hand, will sell a maximum of EUR 12b of bills today and EUR 4.75b of bonds tomorrow. Over in Greece, no conclusion was made regarding the PSI. Greek finance minister Evangelos Venizelos said that talks on PSI 'have advanced and are now at a very good point" and the deal would insure 'a sustainable public debt in the long run, which will have been reduced by about 100B euro, or 47% of GDP, and will be absolutely sustainable by 2020'. No details have been confirmed so far. The country intended to finalize the deal before it needs to repay 14B euro in bonds in March.

From US, the latest Fed Beige Book indicated economic activity in the US expanded at a 'modest to moderate pace' from late November to late December. As shown in the Beige Book prepared by the San Francisco Fed, 7 districts recorded 'modest' while 2 reported 'moderate' growth late November to late December. Consumer spending picked up in most districts. The Beige Book indicated that financial institutions generally showed a slight uptick in loan demand by businesses with improvement in overall credit quality.

On the data front, China CPI moderated to 4.1% yoy in December but above expectation of 4.0%. PPI dropped sharply to 1.7% yoy. Japan current account surplus at JPY 0.48T in November, econ watcher current reading at 47 in December, Machine tools orders rose 17.4% yoy in December. Production data will be a main focus before ECB and BoE meeting, featuring UK industrial and manufacturing production as well as Eurozone industrial production. From US, initial jobless claims, retail sales and business inventories will be featured.

http://www.actionforex.com/action-in...0120112157227/