24hgold - 2012 Expectations for the Market

PRECIOUS METALS (US $)
Gold	1395.61	8.01
Silver	22.57	0.07
Platinum	1451.00	-6.50
Palladium	735.25	0.25

WORLD MARKETS
DOWJONES	15295	-6
NASDAQ	3459	-4
NIKKEI	14841	358
ASX	5041	-101
CAC 40	3967	-84
DAX	8352	-179
HUI	259	2
XAU	97	-3

CURRENCIES (€)
AUS $	1.3347
CAN $	1.3343
US $	1.2924
GBP (£)	0.8562
Sw Fr	1.2497
YEN	130.8370


CURRENCIES ($)
AUS $	1.0333
CAN $	1.0323
Euro	0.7737
GBP (£)	0.6625
Sw Fr	0.9667
YEN	101.3970

RATIOS & INDEXES
Gold / Silver	61.83
Gold / Oil	14.53
Dowjones / Gold	10.96

COMMODITIES
Copper	3.30	0.01
WTI Oil	96.05	-0.11
Nat. Gas	4.28	0.02

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frankkarl
Member since October, 2011
35 commentaries -

Commented On
2012 Expectations for the Market - Ranting Andy - Andy Hoffman

(5)

Andy,
Something more can be said about the potential bank collapses. Many on the extreme portray an international misery that will be used to frighten all but the informed. To the contrary I believe this would be an occasion of great celebration. It doesn't really matter upon which Friday we call the banking holiday. What matters is the nature of the message on the following Monday. I expect the typical smug belligerence when the public is advised that the collapse of the Euro and undermining of the US dollar by a Chinese devaluation (act of war?) has necessitated ........................., or some such bullshit intended to further socialize losses.
I hope people would be more accurately informed that this occasion is simply a byproduct of a greedy and manipulative banking industry that has brought ruin upon itself. People should be prepared to demand that the bank assets be fairly valued and the resulting losses credited to the account of the shareholders and bondholders. They can take the derivatives contracts home for wall paper.
Imagine a 10 story bank building and suddenly the lights go out on the seventh through tenth floor. Now realize floors one through six represent the human beings that 95% of customers deal with on a daily basis. We need and want those bankers to come to work on Monday morning and they will operate as efficiently as on Friday. The seventh through tenth floors will simply be remembered for their curious relationship to the banks old balance sheets.
By no means should a banking failure be an international catastrophe, but rather, a financial rebirth. Life with real arithmetic.

Commented 506 days ago

Read the headline :The methodology is the thing On December 29th, 2010 Comex silver closed at $31.03, and the CME's spec margin was $10,462. Exactly one year later we now have silver at $26.70, with spec margin at $24,975. While silver dropped 14% y/y the CME actually raised margin by 246% Or put another way leverage has been reduced by 64%, from 14.83-1 to 5.34-1. This alone is the principal reason why paper silver has been so so easily pushed around lately. One should be looking at the methodology and tactics of the cartel, rather than the..Read More

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