Gold and Silver over the next month or so
Last month I calculated Silver was about to go ballistic – I think a 28 % price rise is pretty impressive in one month. I presumed gold would follow at a more leisurely pace. It did. Short term though the fundamentals of each are disconnected. Gold is reflective of safe haven mode where as silver is in highly speculative mode.
Silver hasn’t finished yet by a long shot, but it is pausing for breather. In January I thought out what is happening and it seems now we are due a pull back. In January I did ludicrous calculations to prove the state of the market to justify my thought process. The dips are now very shallow. I was surprised that silver broke $35 so quickly and seems to Read more…
Middle East Unrest Could Harm WMD-Free Zone Talks
Protesters chant slogans on Saturday during a demonstration outside an Egyptian state security building in the outskirts of Cairo. Recent political instability throughout the Middle East could complicate efforts to establish a regional weapons of mass destruction-free zone, current and former officials said (Wissam Nassar/Getty Images).
The unrest and revolutions sweeping through the Middle East have raised doubts over the potential for regional nations to hold previously planned talks focused on forming a weapons of mass destruction-free zone, Arms Control Today reported in its March issue (see GSN, March 1).
At the 2010 Nuclear Nonproliferation Treaty review conference in New York, member nations agreed to hold a 2012 meeting on “the establishment of a Middle East zone free of nuclear weapons and all other weapons of mass destruction.”
“We are absolutely committed” to the WMD-free zone meeting, White House WMD point man Gary Samore said in an interview last month. “But there’s a lot of uncertainty because of the unrest in the Middle East.”
In the last two months, longstanding regimes in Tunisia and Egypt have fallen, and protests in Libya have escalated into full-scale fighting between militants and forces loyal to Col. Muammar Qadhafi. Protests have also erupted in Bahrain, Jordan, Oman and Read more…
China Approves Kuwaiti Refinery
BEIJING—China has given final approval to Kuwait to build an oil refinery in the south of the country in a joint venture with China Petroleum & Chemical Corp., a person with firsthand knowledge of the decision said Tuesday.
China, dependent on oil imports, has been making deals with major producers to process more crude domestically.
The $9 billion project between Kuwait Petroleum Corp. and Asia’s largest refiner by capacity, also known as Sinopec, has been under negotiation for more than five years. It includes a refinery with a capacity of 300,000 barrels a day in the city of Zhanjiang in Guangdong province and an ethylene plant with a capacity of a million tons a year, along with related utilities, jetties and oil pipelines, according to previous comments from government and company officials involved in the Read more…
People Of Earth: Prepare For Economic Disaster
It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe. The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst. In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly. Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food. But now the price of oil and the price of food are both increasing dramatically. So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents? How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent? For decades, most of the major economies around the globe have been able to Read more…
China – Security System on Steroids for Mega-City
The mega-city of Chongqing in southwest China plans to build a $2.6 billion security system that will be one of the world’s largest with 500,000 surveillance cameras, state media have said.
Chongqing police chief Wang Zhijun said the system would be the world’s largest new security network since the September 11, 2001 attacks in the United States, the Global Times reported.
The system would dwarf a network of 40,000 security cameras installed in the capital of China’s far-western Xinjiang region last year, following deadly July 2009 clashes between Muslim Uighurs and members of the majority Han group.
Chongqing’s more than 500,000 cameras, which are due to be installed by Read more…
3 dead, dozens shot in Yemen unrest
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| Many protesters are angry at widespread corruption in a country where 40 per cent live on $2 a day or less [Reuters] |
Anti-government unrest continued in Yemen on Tuesday with three people reported dead in a prison riot in support of protests and dozens reported injured when police opened fire on crowds in Sanaa, the Yemeni capital.
Policemen and security agents in civilian clothes opened fire as they tried to prevent people from joining thousands of protesters camped out in front of Sanaa University, witnesses told the Reuters news agency. Three of the injured were said to be in a serious condition.
Meanwhile, three prisoners at a Sanaa prison were reported killed and Read more…
Homeland Security Says It Has Every Right To Spy On Peaceful Protest Groups
What First Amendment?
Steve Watson
Infowars.com
March 8, 2011
The Department Of Homeland Security has concluded that it is perfectly reasonable for it to spy on dozens of peaceful advocacy groups and monitor scores of lawful protests and political rallies in the name of national security.
The ACLU details the DHS’ response to a complaint the group filed with the DHS’s Office of Civil Rights and Civil Liberties (OCRCL).
The ACLU demanded an investigation into whether DHS officials abused their authority by improperly collecting and disseminating information regarding political demonstrations, following revelations that Homeland Security’s Federal Protective Service (FPS) had been engaging in such activity dating back to 2006.
The OCRCL has refused to disclose the memorandum detailing its investigative findings, however it sent a letter to the ACLU last week reaffirming that it sees no wrongdoing in the actions whatsoever, while admitting that there was no adequate differentiation between civil activist and violent extremist organizations.
“We strongly disagree with Read more…
Giant Fissure Opens In Pakistan
Scientists warn of ‘dangerous over-reliance’ on GPS
(AFP)
LONDON — Developed nations have become “dangerously over-reliant” on satellite navigation systems such as GPS, which could break down or be attacked with devastating results, British engineers said Tuesday.
The Royal Academy of Engineering said the application of the technology was now so broad — from car sat-navs to the time stamp on financial transactions — that without adequate backup, any disruption could have a major impact.
It cited a recent European Commission study showing that six Read more…
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