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Signs of the Times
Fri, 13 Jan 2006 12:00 EST
Signs Team,
I'm currently living in a town named Chelmsford in Essex, UK. Usually I would be hesitant to give this information out, but I felt that some people here may be interested in the odd report from time to time of strange meteoric activity in the skies over this area of the UK.
Last night on 11th January 2006 at roughly 19:10hours I witnessed a descending meteoric phenomena which, if I were to hazard a guess, was a small meteor breaking up to the NE of my position.
I'd guess no more than 3-6 miles from my position as the view I had was clear enough to see a glittering trail of sparks and colour descending with it, although there was no impact sound, I didn't really expect any. It was in my view for around 1.5 - 3 seconds, so I hadn't seen it descend from a great distance and my view was obscured quickly by other houses.
Donald Hunt
SOTT.net
Mon, 09 Jan 2006 12:00 EST
Gold closed at 542.20 dollars an ounce on Friday, up 4.3% (and more than 7% for the past two weeks) from $519.70 at the end of the week before. The dollar closed at 0.8239 euros on Friday, down 2.4% from 0.8440 the week before. That puts the euro at 1.2137, compared to 1.1849 at the previous Friday's close. Gold in euros would be 446.73 euros an ounce, up 1.9% from the previous week's 438.60. Oil closed at 64.31 dollars a barrel on Friday, up 5.4% from $61.04 the week before. Oil in euros would be 52.99 euros a barrel, up 3.0% from 51.43 for the week. The gold/oil ratio was 8.43 down 1.0% from 8.51 the week before. In the U.S. stock market, the Dow closed at 10,959.31, up 2.3% from 10,717.50 the week before (down when denominated in gold and oil, though). The NASDAQ closed at 2,305.62 on Friday, up 4.5% from 2,205.32 at the previous week's close. The yield on the ten-year U.S. Treasury note was 4.37%, down two basis points from 4.39 the week before.
Another odd week where the Mainstream Media in the U.S. are trying to push their rosy economic scenario while gold and oil are up sharply, and the U.S. seems to be careening from two disastrous and expensive military defeats while planning several more. Iran, Syria, Venezuela, Cuba? Which will it be? And it is doing this planning with a major constitutional crisis looming (that is, if there is any constitution left to have a crisis).
Speaking of Iraq, lost in the bad news for the U.S. on the battlefield was the news that the International Monetary Fund's prescription for Iraq is working like a charm in producing the classic "IMF Riot":
Donald Hunt
SOTT.net
Mon, 02 Jan 2006 12:00 EST
Gold closed at 519.70 dollars an ounce on Friday, up 2.7% from $505.90 the Friday before. The dollar closed at 0.8440 euros on Friday, up 0.2% from 0.8425 at the end of the previous week. The euro closed at 1.1849 dollars, down from 1.1869 the week before. Gold in euros would be 438.60 an ounce at Friday's close, up 2.9% for the week. Oil closed at 61.04 dollars a barrel, up 4.5% from $58.43 the week before. Oil in euros would be 51.43 euros a barrel, up 4.5% from 49.23 euros at the end of the previous week. The gold/oil ratio closed at 8.51, down 1.8% from 8.66 the week before. In U.S. stocks, the Dow Jones Industrial Average closed at 10,717.50 for the week, down 1.5% from 10,883.27 at the previous week's close. The NASDAQ closed at 2,205.32, down 2.0% from 2,249.42 the week before. The yield on the ten-year U.S. Treasury note closed at 4.39%, up one basis point from 4.38 the week before.
Since Friday was the last market day of the year, let's look at how the numbers we have been following came out for the year.
Donald Hunt
SOTT.net
Mon, 26 Dec 2005 12:00 EST
Gold closed at $505.90 an ounce on Friday, up less than 0.1% from $505.50 the week before. The dollar closed at 0.8425 euros last week, up 1.2% from 0.8323 at the previous Friday's close. That put the euro at 1.1869 dollars, compared to 1.2015 the week before. Gold in euros would be 426.24 euros an ounce, up 1.3% from 420.72 euros an ounce the Friday before. Oil closed at 58.43 dollars a barrel Friday, up 0o.6% from $58.06 the week before. Oil in euros would be 49.23 euros a barrel, up 2.1% from 48.23 euros a barrel the Friday before last. The gold/oil ratio closed at 8.66 Friday, down 0.6% from 8.71 at the previous Friday's close. In U.S. stocks, the Dow closed at 10,883.27 on Friday, up less than a tenth of a percent for the week from 10,875.59. The NASDAQ closed at 2,249.42, down 0.1% from 2,252.48 the week before. The yield on the ten-year U.S. Treasury note closed at 4.38%, down six basis points from 4.44 the week before.
Friday saw the release of the U.S. new housing sales numbers for November. The numbers were surprisingly bad:
Donald Hunt
SOTT.net
Mon, 19 Dec 2005 12:00 EST
Gold pulled back last week, closing at 505.50 dollars an ounce, down 5.2% from $532.00 last week. The dollar closed at 0.8323 euros on Friday, down 1.7% from 0.8466 euros the week before. The euro, then, was worth 1.2015 dollars at Friday's close, compared to 1.1812 the previous week. Gold in euros, then, would be 420.72 euros an ounce, down 7.1% from 450.39 the Friday before. Oil closed at 58.06 dollars a barrel, down 2.9% from $59.76 at the previous week's close. Oil in euros would be 48.23 euros a barrel, down 4.9% from 50.59 euros the week before. The gold/oil ratio closed at 8.71, down 2.2% from 8.90 the previous week. The yield on the ten-year U.S. Treasury note was 4.44%, down nine basis points from 4.53 the week before. In the U.S. stock market, the Dow Jones Industrial Average closed at 10,875.59 on Friday, up 0.9% from10,778.58 at the previous Friday's close. The NASDAQ closed at 2,252.48, down 0.2% from 2,256.73 the week before.
Another strange week. With the price of gold falling more than 5% and oil down about 3%, both markets that are susceptible to short term manipulation, it looks like they want us to keep our heads in the sand for a few more weeks or at least until after Christmas. But the people don't seem to be falling for it completely this time, as holiday retail sales are okay but not great, due to consumer anxiety:
Donald Hunt
SOTT.net
Mon, 12 Dec 2005 12:00 EST
Gold closed at 532.00 dollars an ounce on Friday, up 4.6% from the week before. The dollar closed at 0.8466 euros for the week, down 0.8% from 0.8534 at the previous Friday's close. That put the euro at 1.1812 dollars, compared to 1.1718 the previous week. Gold in euros would be 450.39 euros an ounce, up 3.8% from 433.86 at the close of the week before. Oil closed at 59.76 dollars an ounce, up 0.7% from 59.32 the Friday before. Oil in euros would be 50.59 euros a barrel, compared to 50.62 the previous week. The gold/oil ratio was 8.90 at Friday's close, up 3.9% from 8.57 the week before. The yield on the ten-year U.S. Treasury note was 4.53%, up two basis points from 4.51 the previous week. In the U.S. stock market, the Dow closed at 10,778.58, down 0.9% from 10,877.51 the Friday before. The NASDAQ closed at 2,256.73, down 0.7% from 2,273.37 at the previous week's close.
It's happening. Much of what we've been predicting for the past year seems to be taking place. The housing bubble has popped, gold and other precious metals are shooting up in price as those with money are rushing to seek shelter.
Sott.net
Thu, 25 Mar 2004 12:00 EST
In March 2004 16 year old would-be Palestinian suicide bomber, Husam Abdu, was arrested at the Hawara Israeli check point in the occupied West Bank. At the time, the incident was presented to the world as evidence of the "evil" that the Israeli government was confronting, yet
BBC reporter Orla Guerin's description of the affair as "Israel's cynical manipulation of a Palestinian youngster for propaganda purposes" was much more accurate.
SOTT.net
Thu, 08 Dec 2005 12:00 EST
"The ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy. Instead of diminishing evil, it multiplies it. Through violence you may murder the liar, but you cannot murder the lie, nor establish the truth. Through violence you murder the hater, but you do not murder hate. In fact, violence merely increases hate...Returning violence for violence multiples violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that." - Dr. Martin Luther King Jr.
Donald Hunt
Signs of the Times
Mon, 05 Dec 2005 12:00 EST
Gold closed at 508.40 dollars an ounce on Friday, breaking the $500 barrier and closing up 2.3 percent, after rising 2.2 percent the week before. The dollar closed at 0.8534 euros for the week, down 0.2% from 0.8547 at the previous Fridays close. The euro, in turn, closed at 1.1718 up from 1.1700 the week before. Gold in euros, then would be 433.86 an ounce, up 2.1% from 424.87 the week before. Oil closed at 59.32 dollars a barrel, up 2.2% from 58.03 at the previous Fridays close. Oil in euros would be 50.62 euros a barrel, up 2.1% from 49.60 the week before. The gold/oil ratio would be 8.57 at Fridays close, unchanged from the Friday before. In the U.S. stock market, the Dow Jones Industrial Average closed at 10,877.51 on Friday, down 0.5% from 10,931.62 at the previous Fridays close. The NASDAQ closed at 2,273.37 up 0.5% from 2,263.01 the week before. The yield on the ten-year U.S. Treasury note was 4.51%, up seven basis points from 4.44 the week before.
Donald Hunt
Signs of the Times
Mon, 28 Nov 2005 12:00 EST
Gold closed at $497.10 an ounce on Friday, up 2.2% from $486.40 at the previous weeks close. The dollar closed at 0.8547 euros, up 0.6% from 0.8495 the week before. The euro closed at 1.1700 dollars compared to $1.1772 at the end of the previous week. Gold in euros, then, would be 424.87 euros an ounce, up 2.8% from 413.18 euros the Friday before. Oil closed at $58.03 a barrel, up 1.4% from $57.21 at the end of the previous week. Oil in euros would be 49.60 a barrel, up 2.1% from 48.60 the week before. The gold/oil ratio closed at 8.57 up 0.8% from 8.50 at the end of the previous week. The yield on the ten-year U.S. Treasury note closed at 4.44%, down six basis points from 4.50 the Friday before. In U.S. stocks, the Dow closed at 10,931.62, up 1.5% from the previous weeks 10,766.33. The NASDAQ closed at 2,263.01, up 2.5% from 2,227.07 the Friday before.
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