Stalingrad was one of the telling blows in that story yes - both sides losing more lives in one battle over one city than the Yanks plus the Brits lost in the entire war - this is what I'm saying re tech vs people and land ;) As for the Japs, well I can tell you from my own personal SE Asia experience that those guys are pretty short on friends in those parts and China of course - yes people will take the dirty Yen when ness cos business is business but having wreaked havoc through SE Asia, and the Philippines in particular, during the war and singlehandedly giving China the highest casualty rate of any country (20m via starvation ffs) in a war the Chinese barely threw stones in, there's some serious karma payback to come to those guys! In fact, the only country I can think of that's in a worse position karma/geographically wise is Israel but they're super rich and armed to the teeth, the Japs are skint and aren't allowed to have an army. Oh and then there's Fukushima ... Lordy, I'd be confiscating passports if I was the Jap PM - no wonder they can't keep a PM for more than 6 months rofl Karma - the ultimate b*tch! Yes, gold at <$1200 closes mines/companies all over the place, all the more reason to think gold is a one-way bet despite any manipulation, it's just a matter of now at $1200 or an unknown period of time away at $1000 imo ...
Yes the Americans have been shorting gold, at present it is the biggest short on gold in history. But that soon will correct itself come another couple of weeks.
Stalingrad ? Getting pushed back near your supplies was an advantage there against an overextended enemy.Gold miners are in that position,pushed back near the costs of gold production.Ready to cut gold supplies which they control.See Barrick the bigger one-they didn't replace that huge mine they shut with impairments.So production is potentially less in future.
yes it is alleged G/S and JPM are agents of the Fed and are used to short gold and interest rate rises.They didn't do too well this week did they,especially compared to their success in April/May.It could be- 1. the locker is bare after China getting most of this summers' gold from COMEX 2, China and others are organising better to arrange deals without the dollar 3. even some suggest planning is ongoing for a new currency/trade basing.Which might involve gold ? All from article writers-see Market Oracle now- at this stage,but bonds get devalued when rates rise and China can't be pleased at their large holdings getting ruined..
Lol mate, I hope she's aware she may be in for a gap filling, especially via an ascending wedge pmsl Great shout on Japan mate - I'd totally forgotten to mention that even though I'd thought about it - the Japs own *vast* amounts of Dollars and the way they're going (deflation/population), they will maybe need to send some of those back to the US (i.e. spend it) to bail themselves out - that'd be a win and a half for the US in my book re inflationary effect and could be done on friendly terms I'm sure ................. War? Yes, maybe - sabre rattling even more likely - in truth, the US can't win that war imo, as I mentioned the other day, look at the German's Barbarossa invasion of Russia - big tech vs huge land and "unlimited" people = people and land wins every time, eventually ...
The USA certainly does not want to loose.... good night chaps
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.