Its a new era--Wars are fought with economic and cyber tools --Back up Skol--I can smell the ''stars and stripes'' on your breath.
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That's why Russia and China will lose. In addition a paper I was reading last night described the corruption in Russia as the very worst of any developed country.
The article was about the billions of dollars pouring into Florida property from Russia, China and South America, particularly Venezuela. Fancy that.
I'm taking Warren Buffetts advice, ""never bet against America, you'll lose".
The world's centre of power (via various empires) has since before the birth of Christ tended to move westward:
1. The Persian / Achaemenid Empire (550 BC–330 BC)
http://en.wikipedia.org/wiki/File:Ma...nid_Empire.jpg
2. Roman Empire ( 27 BC– 476 AD)
http://en.wikipedia.org/wiki/File:RomanEmpire_117.svg
3. Umayyad Caliphate (661–750)
http://en.wikipedia.org/wiki/File:Umayyad750ADloc.png
4. The Ottoman Empire (1300–1923)
http://en.wikipedia.org/wiki/File:Ot...pireIn1683.png
5. Russian Empire (1721–1917)
http://en.wikipedia.org/wiki/File:Im...uso_zenith.PNG
6. The British Empire (mid 1700s to mid 1900s)
http://en.wikipedia.org/wiki/File:Th...ish_Empire.png
7. The USA as a Global Power (mid 1900s to now).
The USA is losing its economic and political influence on the world - in other words, its hay-day is gone. If the above trend continues then the next global power will be Asian.
You might think that America's heyday is gone, but it's best years are ahead of it, dictatorships don't last, and China and Russia are exactly that, corrupt dictatorships.
You can hark back to that old Ottoman Empire stuff, but people want to go to America, not Russia or China, I'm sure you can work that out.
Noticed increasing numbers of Chinese in your neighbourhood recently?
Gold did a rinse & repeat of the previous week, after testing key support it again bounced back to $1300, suggesting that market participants are wary of staying short over a weekend, particularly with what is going on in the Ukraine. The US headline jobs number was a good one, however the devil is in the detail & this says far more than a reduction in registered unemployed. The participation rate dropped from 63.2% to 62.8%, whereas headline unemployment dropped from 6.7% to 6.3%. So there are less registered unemployed, however there are even less people actually working, another words employment has shrunk or perhaps stayed flat if you account for immigration. This is a very poor number it actually suggests that net there has be negative job growth & more people have given up looking for work or have perhaps gone into retirement. Gold has now tested $1275/80 on three occasions & has held. Gold is in a seasonal weak period & yet it is still to break lower, this should be deemed as positive as if it doesn't break fairly imminently those who have placed their short bets will look to cover. Have a great week. Cheers Daytr
http://www.telegraph.co.uk/finance/c...-tapering.html
The real story on the US economy.
http://www.telegraph.co.uk/finance/c...-tapering.html
The real story on the US economy.
The headline unemployment rate fell to 6.3pc but that was only because the labour “participation rate” plummeted back to a modern-era low of 62.8pc, last seen in 1978 when there were far fewer women in the workforce. The rate for males is the lowest ever recorded at 69.1pc.
Gold surging higher so it looks like the decisive move is higher after testing $1280 support on several occasions. As suggested in previous posts the move would be decisive either way with a bias to going higher. A break of $1320 would be very positive.
MORGAN STANLEY your never see 1300+ gold again (gezz must be one of skol's mates)
http://www.mining.com/morgan-stanley...0-again-92623/
Gold 1314oz
I wouldn't read too much into it JB, probably an anomaly somewhere. Onwards and upwards for stocks though, and as far as Ukraine goes, there's always a crisis somewhere in the world, just another Cyprus, Greece, EU, USD crash, North Korea, Italy, yadda,yadda, yadda.
It'll all go away in a few weeks time to be replaced by a goldbug crisis in the Central Afircan Republic or some other god-forsaken place.