Zuma's Batcomputer just sent a Wall Street alert that today is gonna be a "DOW-N" day for the Dow. One of those painful down days that reminds you how fragile the economy is. Oil at $110 per barrel ain't helping the already sucky housing, credit and bond markets and weaker than ever dollar. Margin calls are hitting some of the big boys real hard! (See Carlyle story). Oil will continue to skyrocket higher than your worst nightmare ($145-$150 in the short run.) What is causing the rise in dollars per barrel? The U.S. is backing Columbia vs Venezula's Hugo Chavez, so the risk of oil supply disruption is already driving the price up. (Hugo might turn off the oil switch.) Remember, when oil goes up -- so does gold. Silver ain't doing bad, either. GOLD is at $990 and SILVER is at $20.42 in overnight trading.
Recent LA Daily Blog stories
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Showing posts with label silver. Show all posts
Showing posts with label silver. Show all posts
Thursday, March 13, 2008
Thursday, March 6, 2008
LA Daily Blog Wall Street Update for Thursday March 6, 2008
DOW JONES CURRENTLY DOWN 116 POINTS (10:48 AM)
Oil, gold, silver, platinum, cooper, wheat, agro, all hit record levels yesterday and oil broke the $105 mark today. A weak dollar, housing and credit problems, and rising cost of commodities means it's time to check in with the StrategyUpdate.com News Wire.
NEW STRATEGY UPDATE BUZZWORDS:
"Reflation" (Recession during inflation)
"Incession" (Inflation during recession)
"Fuctconomy" (U.S. position in global market)
Click "Read more" on the news wire to scan all the stories. Go to StrategyUpdate.com for 24 hour LIVE gold and metal charts, CNBC, Bloomberg micro TVs, analysis and all the links you need for the trading day.
Click here for Summary Page" of previous LA Daily Blog stories.
Oil, gold, silver, platinum, cooper, wheat, agro, all hit record levels yesterday and oil broke the $105 mark today. A weak dollar, housing and credit problems, and rising cost of commodities means it's time to check in with the StrategyUpdate.com News Wire.
NEW STRATEGY UPDATE BUZZWORDS:
"Reflation" (Recession during inflation)
"Incession" (Inflation during recession)
"Fuctconomy" (U.S. position in global market)
Click "Read more" on the news wire to scan all the stories. Go to StrategyUpdate.com for 24 hour LIVE gold and metal charts, CNBC, Bloomberg micro TVs, analysis and all the links you need for the trading day.
Click here for Summary Page" of previous LA Daily Blog stories.
Monday, March 3, 2008
LADailyBlog News Wire For Tuesday Morning
MAYBE HE THOUGHT NO ONE WOULD NOTICE AS LONG AS ROBIN KRAMER IS CHARGE:
Los Angeles Times - Opinion: Voters will have to decide if the mayor's travels to campaign for Hillary Clinton are hurting or helping the city. The Times reported Monday that Villaraigosa has spent 18 of the last 65 days out of town, campaigning for Clinton. In just over two months, that's nearly a third of his time. Traveling with him are City Hall aides (using vacation days) and his police security detail. Is Los Angeles winning or losing from this arrangement? (See article under "Zuma's News Wire")
HILLARY IS HOT: Don't confuse the commentary with support, but Hillary has finally found her voice, and has been kicking ass this weekend in Ohio, and Monday night in Texas. Not that she would have been able to stop the Obama train, but I think she would he a hell of a lot better off, today...if the campaign was just starting based on how she is finally doing the best that she has done in front of the cameras. (Even if her voice is still annoying in big crowds, that won't be a factor after the election.)
WEAK DOLLAR: Glad I don't have any! Former Fed Greenspan was heard suggesting to the United Arab Emirates to dump the dollar. (I wonder if they can pay Related Co in foreign currency for the Royal Family of Dubai's investment at Grand Avenue Project. And CNBC reported that some NYC retailers are now accepting the Euro.
GOLD & COMMODITIES ARE HOT: Even Calpers has pulled out of Grand Ave Project and dumped money into commodities. Some say it's all a bubble is going to burst, but others (like ZD) feel it is demand based and will keep rising. Jim Cramer says gold is going to $1600 and silver is just as good. Plus the agriculture sector.StrategyUpdate.com for 24 hour gold and metal charts and Wall Street analysis by global economy guru MC Zuma Dogg.
MATT DOWD COMMENTS ON VENICE BEACH: CM Bernard Parks warned that Tennie Pierce's dog food settlement would be cheaper, while CM Dennis Zine says you gotta fight for your right/no settlements. (See thread below for extra $1.6 million on top of it all.) Not that this has anything to do with that...unless it does. (See first comment of this thread for more.)
MATT DOWD & ZUMA DOGG "LIVE" (Many rock stars are also influential political figures! Matt & ZD are no exception.)
Click read more: Unfortunately the older stories are on top (countdown style) so you have to click your way up to newest ones.
CLICK HERE FOR EZ ACCESS TO ALL RECENT LA DAILY BLOG POSTS (Aka: Super Mega-Master SHADY REPORT)
zumadogg@gmail.com
Los Angeles Times - Opinion: Voters will have to decide if the mayor's travels to campaign for Hillary Clinton are hurting or helping the city. The Times reported Monday that Villaraigosa has spent 18 of the last 65 days out of town, campaigning for Clinton. In just over two months, that's nearly a third of his time. Traveling with him are City Hall aides (using vacation days) and his police security detail. Is Los Angeles winning or losing from this arrangement? (See article under "Zuma's News Wire")
HILLARY IS HOT: Don't confuse the commentary with support, but Hillary has finally found her voice, and has been kicking ass this weekend in Ohio, and Monday night in Texas. Not that she would have been able to stop the Obama train, but I think she would he a hell of a lot better off, today...if the campaign was just starting based on how she is finally doing the best that she has done in front of the cameras. (Even if her voice is still annoying in big crowds, that won't be a factor after the election.)
WEAK DOLLAR: Glad I don't have any! Former Fed Greenspan was heard suggesting to the United Arab Emirates to dump the dollar. (I wonder if they can pay Related Co in foreign currency for the Royal Family of Dubai's investment at Grand Avenue Project. And CNBC reported that some NYC retailers are now accepting the Euro.
GOLD & COMMODITIES ARE HOT: Even Calpers has pulled out of Grand Ave Project and dumped money into commodities. Some say it's all a bubble is going to burst, but others (like ZD) feel it is demand based and will keep rising. Jim Cramer says gold is going to $1600 and silver is just as good. Plus the agriculture sector.StrategyUpdate.com for 24 hour gold and metal charts and Wall Street analysis by global economy guru MC Zuma Dogg.
MATT DOWD COMMENTS ON VENICE BEACH: CM Bernard Parks warned that Tennie Pierce's dog food settlement would be cheaper, while CM Dennis Zine says you gotta fight for your right/no settlements. (See thread below for extra $1.6 million on top of it all.) Not that this has anything to do with that...unless it does. (See first comment of this thread for more.)
MATT DOWD & ZUMA DOGG "LIVE" (Many rock stars are also influential political figures! Matt & ZD are no exception.)
Click read more: Unfortunately the older stories are on top (countdown style) so you have to click your way up to newest ones.
CLICK HERE FOR EZ ACCESS TO ALL RECENT LA DAILY BLOG POSTS (Aka: Super Mega-Master SHADY REPORT)
zumadogg@gmail.com
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