Junkie jim-jams

[aussiebear]

Up for the early openers but they're having second thoughts: Kiwis +0.5%, Aussies +0.3%, Nikkers +0.6% and Sth Korea +0.2%.

 

Gold +3.9% is leading the Aussie market with Financials at the other end, -0.6%.

 

 

 

 

[aussiebear]

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

[aussiebear]

 

 

Found in Tokyo.

[capitall]

Karzai urges Afghans not to panic as bank withdrawals accelerate

 

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/02/AR2010090202266.html?hpid=topnews

 

"The collapse of the bank would probably spread panic throughout the country's fledgling financial sector and wipe out nine years of effort by the United States to establish a sound Afghan banking system, seen as essential to the establishment of a functioning economy. This would give a big boost to a mostly unregulated "hawala" system, a network of informal money exchanges that, in addition to serving ordinary customers, also provides a secure and opaque channel through which drug traffickers and terrorists are believed to move their funds."

 

'Nuther article on this:

 

http://www.nytimes.com/2010/09/03/world/asia/03kabul.html

[aussiebear]

 

 

All dressed up with nowhere to go. All Ords closed +0.3% with Gold +4.1% the major player in the sectors. Utilities was next, +1.6% and Financials -0.4% was rear-end Charlie.

 

Limited movement in Asia: China -0.1%, Honkers +0.2%, India flat and Nikkers +0.6%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[aussiebear]

Japan's Public Pension Fund to Sell $48 Billion of Assets as Nation Ages

 

Japan’s public pension fund, the world’s largest, will increase asset sales by more than five times to about 4 trillion yen ($48 billion) this fiscal year as payouts rise with the nation’s population aging.

 

That follows 720 billion yen raised in the fiscal year ended in March, all through sales of its Japanese bond holdings, Takahiro Mitani, president of the Government Pension Investment Fund, said in an interview in Tokyo yesterday. Japanese bonds accounted for 71 percent of the GPIF’s 117 trillion yen of assets as of June 30, while domestic stocks made up 11 percent, the fund’s statements show.

 

“Insurance premiums rise little by little every year, but it isn’t catching up with the increase in payouts,” said Mitani, a former executive director at the Bank of Japan. Bonds are the most suitable asset to sell at this moment, he said, without detailing whether they would again be the only securities sold.

[Trader Joe]

Chalk one up for 'Ol Yeller

 

...and so it begins

____________

 

...Last month, Mr. Vadillo's solution took shape when the local Muslim-led government in Malaysia's Kelantan state joined forces with Mr. Vadillo to introduce Islamic-style gold dinar coins as alternative currency.

 

Mr. Vadillo and the Kelantan government have persuaded more than a thousand businesses here in the state capital, Kota Bharu, to paste stickers in store windows saying they accept the coins.

.

.

.

 

...Ordinary people can also pay taxes and water bills in gold and silver instead of paper money.

 

Pricing goods in greenbacks, they argued, was unfair. Many countries earn their income from finite resources like oil and other minerals, they said, while the U.S. and other countries can crank up their printing presses to pay for them—especially after Richard Nixon helped break the Western world's historical dependence on gold as a measure of value by taking America off the gold standard in 1971.

 

wsj.com

[Brick Stoolhouse]

Chalk one up for 'Ol Yeller

 

...and so it begins

____________

 

...Last month, Mr. Vadillo's solution took shape when the local Muslim-led government in Malaysia's Kelantan state joined forces with Mr. Vadillo to introduce Islamic-style gold dinar coins as alternative currency.

 

Mr. Vadillo and the Kelantan government have persuaded more than a thousand businesses here in the state capital, Kota Bharu, to paste stickers in store windows saying they accept the coins.

.

.

.

 

...Ordinary people can also pay taxes and water bills in gold and silver instead of paper money.

 

Pricing goods in greenbacks, they argued, was unfair. Many countries earn their income from finite resources like oil and other minerals, they said, while the U.S. and other countries can crank up their printing presses to pay for them—especially after Richard Nixon helped break the Western world's historical dependence on gold as a measure of value by taking America off the gold standard in 1971.

 

wsj.com

 

I know all of you will find this shocking but Bob Barbera is bullish.

Male version of AJC.

[DrStool]

I guess nothing is happening this morning. No one is talking about the market.

[oryx]

I guess nothing is happening this morning. No one is talking about the market.

 

I'd love to think we get one of Doc's trademark "finga" formations on the open. Shock and awe at the moment.

[DrStool]

 

I Missed My Plane

 

[Trader Joe]

Ah yes...

 

Now I remember why I gave up trying to "day trade" and switched to "trend trading" a few years back

 

I suck trading the day-to-day

[I_Am_Madness]

Got blown out of my es shorts at 1094 for -6 and AUD/USD at .9129 for -34 pips.

Going to watch the open.

[Trader Joe]

10,334

 

10,334

 

10,334

 

10,334

 

10,334