tag:blogger.com,1999:blog-2335748440449035592.post102983924553352279..comments2008-07-03T16:24:52.276-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-13932054003546378352008-07-03T16:24:00.000-04:002008-07-03T16:24:00.000-04:00http://www.clipsyndicate.com/publish/video/360274/when_stocks_dive_call_the_plunge_protection_team?wpid=0<BR/>plunge protection team infoDr. Baugushttp://www.blogger.com/profile/03051515116594443127noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-72311083442269547192008-07-03T15:56:00.000-04:002008-07-03T15:56:00.000-04:00I wonder how much lower LVS and WFMI have to go. I can't believe I actually made money on LVS on the long side. *snicker* LoLBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-67288310091213992202008-07-03T14:50:00.000-04:002008-07-03T14:50:00.000-04:00the plunge protectin team was hard at work:<BR/>http://arabianmoney.net/2008/06/28/gold-silver-end-the-week-on-a-high-note-what-next/<BR/>June 28, 2008<BR/>Gold & silver end the week on a high note: what next?<BR/><BR/>Gold took a pummelling to $880 on Monday morning but recovered mid-week to close the week at $927 an ounce. Silver dipped into the mid $16-17 but finished around $17.28.<BR/><BR/>The Plunge Protection Team was in action on Monday and managed its task well in dampening the market, and absorbing the shock of the Fed’s non-statement on rates on Wednesday. However, the PPT could not prevent a sharp down-pull on Wall Street to its lowest for two years, and a resumption of dollar weakness.<BR/><BR/>Oil also crucially broke above $140 a barrel and is clearly heading higher. Remarks from Gazprom suggest that much higher oil prices are in the pipeline. <BR/><BR/>Yesterday I arrived in Moscow on the first leg of a summer grand tour around Europe, and immediately noted inflation. The train ticket to St Petersburg is double what it was a year ago. But far from looking like a city under siege from inflation Muscovites seem wealthier than ever. <BR/><BR/>It is the same story in the United Arab Emirates where I live. Residents complain about inflation but still seem to dine out in style and pay up for whatever increases they find. And to be fair many are putting through high wage rises to fund this spending.<BR/><BR/>Inflation is now with us and not about to go away anytime soon. Indeed, it will feed on itself, just as it did in the 1970s when I labelled goods in a shop for a weekend job and used to have to update the prices on a monthly basis. Eventually there will be one humdinger of a recession that will bring the party to a close.<BR/><BR/>But who will be the party pooper? We have not met him or her yet. From here I can only see the US recession getting much worse and radical action to contain inflation proving impossible. <BR/><BR/>In this environment gold and silver are the best assets to own and over the next week I will be presenting more detailed thoughts about exactly how to go about this over the next week. Watch this space!<BR/><BR/><BR/><BR/>Gold futures gain over $23 to end the week higher<BR/>Gold futures climb, but hold below $900Dr. Baugushttp://www.blogger.com/profile/03051515116594443127noreply@blogger.com