My forecast: January 2011

Monday, January 31, 2011

March Brent Crude contract has surpassed $100.

The March Brent Crude contract has surpassed $100 for the first time since October 2008.

Interactive Global Inflation Heat Map

Click Here for Interactive MAP

Is Access To The Suez Canal At Risk By Unrest In The Middle East?

Rice is next real bubble

Rice, the staple food for half the world, declined 4 percent last year, extending a 2.9 percent drop in 2009. The other crops jumped 34 percent or more." Zero Hedge predicted in October of last year that the next real bubble will be rice. We stand by this prediction, which has so far not been validated presumably due to some quite interesting behind the scenes PM-for-food arrangement between China and one of the very popular US TBTFs. As the chart below shows, rice is poised for an imminent break out.

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Governments Toppleing, Who's Next?

CALENDAR

Friday, January 21, 2011

Maharishi Jyotshis Forecast 2011 to 2012

The council of the Maharishi Jyotshis (Vedic Astrology) focused on the World Kundali (World Chart):

The Graha's (Planets) are always moving, always delivering the Karma's of mankind.

Guru (Jupiter) is transiting in Pisces at this time (10/2/10)

During Jupiter Retrograde from 8/02/10 - 11/18/2010: More care in Nations finances is needed, greater expenses for international affairs.

Guru's transit is more favorable from December through May 2011 and contributes more to financial progress.

Sani's (Saturn) transit in Kanya (Virgo) from 11/5/10 into 8/2012 slows/weighs down financial progress/Economic recovery for USA

From 3/24/11: Budh (Mercury) period, the planet of mediation, communication and diplomacy from 3/24/2011 increases Rivalry, political infighting, expansion in foreign affairs but with challenges, Mercury gives new ideas and directions, likes to move the Economy, with much work.

From 7/24/2011 : Ketu period, Ketu has more influence: Rising resistance from opponents, more care is needed in that area.

From 9/15/2011: Sukra (Venus) period is most responsible and will give mixed counsel in managing difficult situations, structuring and handling National debt will require wise counseling.

From Jan 2012- August 2012: Even more challenging time due to Saturn's position, compounded by the planetary period of the Sun from 2/5/2012 onward: bring some difficulty in Government function and interaction, both domestically and internationally, more caution and care needed for anti social elements and enemies of the state.

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Jim Chanos: Is the Chinese Bubble going to Burst ???

Wednesday, January 19, 2011

An important test level for Gold

You know that I don't cover Gold, but many of our readers liked the last Gold update ... so, I will post another one today.

Bottom line: The chart below explains what is going on. If you look at our zero based RSI reading, it is now below a support level and slightly negative. That represents a negative bias.

If you look at the price chart, you can see that it is facing a critical test at it support line now. Gold needs to hold this support, or it will see a correction.

A correction with a higher-low wouldn't be a bad thing because it would be a buying opportunity for those interested.

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Thursday, January 13, 2011

US Dollar Daily Chart

The 50 period moving average has provided key support/resistance levels for the previous trends and if it holds true going forward then we are not far from another rally in the dollar.

The interesting thing with the US Dollar is that in Nov-December it rallied breaking through a key resistance level and has been consolidating above support ever since. If this bullish pattern (bull flag) plays out, then it's just a matter of time before the dollar makes another strong rally upwards, which will put downward pressure on stocks and commodities.

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