Thursday, March 31, 2011

GDX:SPY Ratio




The GDX:SPY ratio measures mining stocks' performance against the general stock market. The important news is that we have just seen a spike high in volume.

The sell signal is generally given when we see a single spike high in the volume levels, meaning that the volume in gold and silver mining stocks has been much bigger than that seen in the general stock market. The quality of this signal is enhanced if the ratio encounters a resistance level as well. Such is the case here, as the 200-day moving average and the early March highs are both in play.

While this is not an overly important resistance level, it has stopped rallies in the past. With the recent spike high volume and these resistance levels in play, the outlook is not much promising in the near-term.

This is a big deal because this ratio has been quite reliable in the past in terms of giving a buy/sell signal for gold and silver mining stocks. Based on its previous performance we believe that it should not be ignored.

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Wednesday, March 30, 2011

Strike halts Bolivia silver mine, exports - union


A week-old strike at Bolivia's San Cristobal mine has totally paralyzed production and exports of silver, zinc and lead, a union leader said on Wednesday. San Cristobal is the world's third-largest producer of silver and the sixth-largest producer of zinc, according to Japan's Sumitomo Corp

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Marc Faber - Implications of Libya on Gold

Unmanipulated US "Misery Index" Hits All Time High


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Monday, March 28, 2011

Thursday, March 24, 2011

Reuters summary of key health threats from Fukushima radioactive substances


Below are the three radioactive substances health experts are most concerned about, their detected levels in Japan and what they mean for human health:

Iodine-131

Leafy green vegetables in Japan were found this week to contain up to 22,000 becquerels of iodine-131 for every kilogram.

Such a level exceeds the limit set by the European Union by 11 times. Becquerel is a measure of radioactivity.

Eating a kilogram of such vegetables would give half the amount of radiation typically received by the average person from the natural environment in a year.

Eating this amount every day for 45 days will accumulate 50 millisieverts, the annual radiation limit set for a nuclear plant worker. Millisievert quantifies the amount of radiation absorbed by human tissues.

Exposure to 100 millisieverts a year increases the risk of cancer. That is equivalent to about three whole body CT scans.

If inhaled or swallowed, iodine-131 concentrates in the thyroid gland and increases the risk of thyroid cancer. Children, fetuses and young adults are especially vulnerable.

The risk of thyroid cancer can be lowered by taking potassium iodide pills, which helps prevent the uptake of the radioactive iodine.

However, iodine-131 disintegrates relatively quickly and its radioactivity is halved every 8 days. This means it loses all its harmfulness in 80 days.

Caesium-134 and Caesium-137

Vegetables in Japan have also been found tainted with up to 14,000 becquerels of cesium for every kilogram.

That exceeds the EU limit by over 11 times.

Eating a kilogram of such tainted vegetables every day for a month would accumulate radiation equivalent to a full body CT scan - or 20 millisieverts.

External exposure to large amounts of radioactive cesium can cause burns, acute radiation sickness and death. It can also increase the risk of cancer. Ingesting or inhaling cesium allows it to be distributed in soft tissues, especially muscle tissue, increasing cancer risk. It can also cause spasms, involuntary muscular contractions and infertility.

Unlike iodine, uptake of radioactive cesium cannot be prevented once the person is exposed.

This substance is of more concern than iodine-131 because it is very hardy and takes far longer to disintegrate.

Caesium-137 has a half life of 30 years, meaning it takes that long to reduce its radioactivity by half. It will take at least 240 years for this contaminant to exhaust all its radioactivity.

Caesium-134 has a half life of 2 years, which means it will take about 20 years for it to become harmless.

Below are the effects of short-term, high-level exposure to radiation, as published by the U.S. Environmental Protection Agency. Unlike cancer, these effects from acute radiation exposure usually appear quickly, causing what is known as radiation sickness, which includes symptoms like nausea, hair loss and skin burns. If the dose is fatal, death usually occurs within two months.

* Exposure to 50-100 millisieverts: changes in blood chemistry.

* 500: nausea, within hours.

* 700: vomiting

* 750: hair loss, within 2-3 weeks

* 900: diarrhea

* 1,000: hemorrhage

* 4,000: possible death within 2 months, if no treatment

* 10,000: destruction of intestinal lining, internal bleeding and death within 1-2 weeks

*20,000: damage to the central nervous system and loss of consciousness within minutes, and death within hours or days.

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Breaking news on NHK at 7pm ET: Smoke/steam rising from ALL 4 reactor units — Workers evacuated

Tuesday, March 22, 2011

Japan's science ministry says radiation exceeding 400 times the normal level was detected in soil about 40 kilometers from the troubled Fukushima Daiichi nuclear power plant.




Japan's science ministry says radiation exceeding 400 times the normal level was detected in soil about 40 kilometers from the troubled Fukushima Daiichi nuclear power plant.

The ministry surveyed radioactive substances in soil about 5 centimeters below the surface at roadsides on Monday.

The ministry found 43,000 becquerels of radioactive iodine-131 per kilogram of soil, and 4,700 becquerels of radioactive cesium-137 per kilogram about 40 kilometers west-northwest of the plant.

Gunma University Professor Keigo Endo says radiation released by the iodine is 430 times the level normally detected in soil in Japan and that released by the cesium is 47 times the norm.

Endo says the data means that a person staying at the location for one year would be exposed to 4 times the amount of radiation allowed by national standards. The professor says there is no immediate health risk, but that radioactive cesium can accumulate in soil and that radiation levels must continue to be monitored.

The science ministry says there is no environmental standard for radioactive substances in soil, and that it sees no problem at this time.

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UK Misery Index Hits 20 Year High


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CALENDAR

Sunday, March 20, 2011

100-Mile Long Oil Slick Spotted Off Louisiana Coast

The U.S. Coast Guard is currently investigating reports of a potentially massive oil sheen about 20 miles away from the site of the Deepwater Horizon oil rig explosion last April."


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Wednesday, March 16, 2011

Bahrain cracks down on protesters

Gaddafi forces gain on rebels as no-fly zone calls fail to take off

Japan has raised the maximum radiation dose allowed for nuclear workers

Japan has raised the maximum radiation dose allowed for nuclear workers, citing the urgent need to prevent a crisis at a tsunami-stricken power plant from worsening.
Despite the increase, surging radiation levels forced emergency workers to temporarily withdraw from the crippled Fukushima Dai-ichi nuclear plant on Wednesday, losing time in their struggle to cool overheating fuel in reactors crippled by last week's devastating earthquake and tsunami.

The Ministry of Health Labor and Welfare raised the maximum allowable exposure for nuclear workers to 250 millisieverts from 100 millisieverts. It described the move as "unavoidable due to the circumstances."

Monday, March 14, 2011

Meltdown Threat Rises at Japanese Nuclear Plant

Saudi's day of rage

Worst Nightmare? Nuclear meltdown threat as Fukushima fuel rods 'fully exposed'

Reminder: Saudi's 5 Million Bpd Gwahar Oil Field Is 60 Miles Away From Bahrain

The temporary lull in the Bahrain "peace" is over: Saudi troops have invaded the country, which has prompted the country's opposition to declare the escalation an act of war by Saudi Arabia, and as Reuters reports "Saudi troops who crossed into Bahrain were heading in the direction of Riffa, a Sunni Muslim area that is home to the royal family and a military hospital, witnesses said. They saw 150 armored troop carriers, and about 50 other vehicles including ambulances, water tankers, buses and jeeps. The vehicles were lightly armed and there were no tanks or missile launchers in the procession."




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CALENDAR

Another Hydrogen blast at Fukushima nuclear plant's

Sunday, March 13, 2011

'Libya air attack footage looks fake, no facts in West media'

'Fukushima reports conflicting, Japan govt not in control'

Emergency at Onagawa nuclear plant, radiation 700 times over normal

IAEA Refutes Reactor 3 Cooling Problems, Provides Fukushima Status Update; Credibility Schism Developing In Japan




Contrary to earlier reports that cooling at Reactor 3 at Fukushima has failed (as per CNN and Reuters) and there is now a state of emergency for three reactors at the site, the IAEA has released a report refuting these rumors. It appears that there is a split in news reporting in Japan: on one hand we have the Nuclear and Industrial Safety Agency which seems to present a downside case, while the government is obviously spinning news in a favorable direction. While the Japanese government is likely not to be trusted much with truthful data dissemination, jumping the shark on rumor spreading is probably not in anyone's favor either. That said, with the government losing credibility (see prior Stratfor post), the question is just whom can the public trust, if not the Japanese government and media? Furthermore, if there is another accident at Fukushima, and the government's credibility is completely destroyed, what happens next: after all the BoJ needs as much "market faith" as it can muster ahead of its decision on Monday to flood the money markets with JPY2 trillion (sound familiar). If the government eats up all the street cred of Shirakawa, the BOJ rush to action may end up doing far more bad than good.

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Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down




The world's most (in)famous hacker group - Anonymous - known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation "Empire State Rebellion." The goal - engage in "a relentless campaign of non-violent, peaceful, civil disobedience" until Ben Bernanke steps down and the "Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately."

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Saturday, March 12, 2011

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action

Extreme Super Moon 2011-March-19



This Super Moon will occur on March 19 when it is in its closest position to the earth this year. This one happens to be a full Moon, so it is time to prepare now. Full Moons in general can cause havoc, and this one for sure will not go unnoticed by anyone.

Get ready for what could be moderate to severe weather patterns, increased seismic activity, tsunamis and more volcanic eruptions than normal. This phenomenon includes the days leading up to March 19 and the days after until around March 22nd.

We experienced extreme weather conditions under the last Super Moons in 1955, 1974, 1992 and 2005. Hurricane Katrina is one example which happened in 2005 under a Super Moon’s influence. The moon has such a strong gravitational pull on the earth it can control the tides and under certain conditions causes extra strong tidal patters.

The well known astrologer, Richard Nolle coined the phrase, Super Moon and he is predicting just such occurrences this March in particular and could continue into April of this year. The Moon exerts gravitational pull on the earth and the closer it is, the more influence it has. Super Moon’s have a particularly strong pull on the earth because they are much closer to the earth during these phases.

This March may prove to be one of the worst months for severe weather and seismic activity yet this year. This may be because the Moon has not been this close to the earth in 18 years. The coastal regions should prepare for especially strong and high tides.

This will be the second of three Super Moons this year. One occurred in February, again in March and April. These three months should mark a noticeable change in earth activity, along with gas leaks or explosions and earthquakes. Get your camera out because this particular Super Moon will appear extremely large at it rises after the sun sets, because it will be the closest one of the year.

Just after the Super Moon, get ready for more financial concerns world-wide, especially the European bond market, an increase in oil and gas disruptions and the price of everything going up and into panic mode. Many power outages are likely to occur, especially if earthquakes hit densely populated areas. Stock markets may also be in for a wild ride.

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Japanese Nuclear Power Plant explosion - Fukushima No. 1

Friday, March 11, 2011

Japan Quake: Nuclear Plant Meltdown Fears

Nuclear plant to vent air and may contain radioactive materials




Air that may contain radioactive materials will be vented from a nuclear power plant in quake-stricken Fukushima Prefecture. The Tokyo Electric Power Company has decided to release air from the reactor's containment vessels, aiming to avoid their breakdown.

The company issued a warning about its Fukushima Number One Plant early on Saturday morning. It said the pressure value for the reactor's containment vessels had risen, and that if the value was correct, the vessels could break down.

Tokyo Electric says the amount of air to be released will be small and that it will notify residents near the plant before it starts releasing the air. The company says it will check the amount of radioactive materials in the air before the release.

Earlier, the government issued an evacuation advisory to people living within a 3-kilometer radius of the Fukushima Number One plant.

Could X-Flare Trigger Earthquake

Seven days after X-Flare on February 15, New Zealand  6.3 magnitude Earthquake. Two day after X-Flare on March 10, Japan 8.9 magnitude Earthquake.






3/Video of cars_ ships wrecked by tsunami waves after Japan earthquake

8.9 earthquake hits Japan Tsunami Watch across west coast of U.S

Wednesday, March 9, 2011

Marc Faber on CNBC



Marc Faber on CNN

X-CLASS SOLAR FLARE

X-CLASS SOLAR FLARE: March 9th ended with a powerful solar flare. Less than an hour before midnight (UT), Earth-orbiting satellites detected an X1.5-class explosion from behemoth sunspot 1166. First-look data suggest that the blast did hurl some material toward Earth.

Sunday, March 6, 2011

Thursday, March 3, 2011

China Moves To Further Cement Renminbi Reserve Currency Status




In a surprising turn of events, today's biggest piece of news received a mere two paragraph blurb on Reuters, and was thoroughly ignored by the broader media. An announcement appeared shortly after midnight on the website of the People's Bank of China. Reuters provides a simple translation and summary of the announcement: "China hopes to allow all exporters and importers to settle their cross-border trades in the yuan by this year, the central bank said on Wednesday, as part of plans to grow the currency's international role. In a statement on its website www.pbc.gov.cn, the central bank said it would respond to overseas demand for the yuan to be used as a reserve currency. It added it would also allow the yuan to flow back into China more easily."

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Tuesday, March 1, 2011

Is A -0.5 Correlation Of Oil To Stocks Indicative Of A Market Top?

Reuters presents an interesting chart, which shows the historical correlation between oil (both Brent and Crude) and equities. After we had seen a positive correlation, either weak or strong, between the commodity and the risk asset for two and a half years, the correlation has finally flipped and gone negative.


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Insiders Sell $5.4 Billion, Buy $128 Million In Stock In Month Of February

And the full monthly report


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Marc Faber "I Will Never Sell Any Of My Gold!!!!!!"

Jim Rogers on CNBC 02_03_11