Zero gold and zero silver notices/Portuguese Government Set to fall/Sprott PSLV at premium to NAV of 22.36%

"Must Read" Harvey Organ, Tuesday, March 22, 2011

Zero gold and zero silver notices/Portuguese Government Set to fall/Sprott PSLV at premium to NAV of 22.36%

 

Hourly Action In Gold From Trader Dan

Posted: Mar 22 2011     By: Dan Norcini      Post Edited: March 22, 2011 at 5:51 pm
Filed under: Trader Dan Norcini

Dear CIGAs,

Click chart to enlarge in PDF format with commentary from Trader Dan Norcini
For further market analysis and commentary, please see Trader Dan’s website at www.traderdan.net

JPMorgan: "The Likelihood That The Portuguese Government Will Fall This Week Looks High"

Submitted by Tyler Durden on 03/22/2011 14:11 -0400

There has been a lot of speculation about just what the JPMorgan note that claims the Portuguese government can fall as soon as tomorrow, says. The speculation can now end. "The likelihood that the Portuguese government will fall this week looks high. This suggests that the sovereign will likely access the EFSF in the near term, despite the current government's efforts to avoid this outcome." Incidentally if JPM is right, the market better have priced in the next insolvent domino to drop in Europe, although judging by where the EURUSD is these days, the market decided to take a long hard sabbatical about 2 weeks ago. 

 

 

 

Chris Martenson Straight Talk With John Rubino: The Damage Is Already Done

Submitted by Tyler Durden on 03/22/2011 15:22 -0400

This week's Straight Talk contributor is John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several best-selling books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Institutional Investor, and a number of other influential financial publications. His perspective on Wall Street and the currency markets is shaped by his past roles as a Eurodollar trader, equity analyst and junk bond analyst in the 1980s. 

 

 

 

US Inflation On Track To Hit 8.3% In 2011

Submitted by Tyler Durden on 03/22/2011 13:51 -0400

Chasing all the fluttering glow in the dark swans over the past month has put some of the key issues facing the US economy on the backburner. But just like today's surging inflation update in the UK confirmed, there is only so long that any given crisis can be used a distraction from the real problems at hand. And here is where we stand: per a quick check with the recently released and constantly updated MIT billion price project, which just happens to correlate 93% with the CPI, 2011 inflation in the US is trending at an 8.3% annual rate of increase. This is only comparable to China, which just happens to have a growth rate (presumably that is double that of the US), and is almost three times higher than the latest inflation data released by... Zimbabwe. Below is the most recent inverse disinflationary data confirmation from MIT (and plotted by John Lohman). By now we hope readers are honing their iPad eating skills.

Following Radioactive Rain, Radiation In Tokyo Jumps 10 Fold, Hitachinaka Iodine 131 Surges To 85,000 Becquerels

Submitted by Tyler Durden on 03/22/2011 13:25 -0400
Once again, we are left scratching our heads as to just where is it that the mass media is seeing an improvement in the Japanese radiation crisis. Because reading domestic media leaves one with a completely different impression. To wit, from the Asahi: "Iodine 131 detected in Tokyo hit 12,000 becquerels, compared with the previous day: a tenfold increase in both radioactive Iodine and Cesium." As for Hitachinaka City, which according to SPEEDI has seen a surge in radiation over the past 24 hours, things are far worse: "Hitachinaka City, Ibaraki Prefecture, saw the highest radioactive values recorded, with 12,000 becquerels of cesium, iodine and 85,000 becquerels."