Gold, Oil & Indices (Equity & Bond Indices)

"The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years.

The European Central Bank, the Bank of England and the International Monetary Fund have all recently warned of a looming crunch, especially in Europe, where banks have enough trouble raising money as it is.

Their concern is that banks hungry for refinancing will compete with governments which also must roll over huge sums for the bond markets favor. As a result, credit for business and consumers could become more costly and scarce, with unpleasant consequences for economic growth."
http://www.nytimes.com/2010/07/12/business/global/12refinance.html?_r=1

By the way I bought FAS @ 18$ and sold way to early... I could have made a fortune... Something to think about... A good week overall, but nothing to be proud of, when I made 5 instead of 100.

Here I need to change my way of trading, when I cut too quickly my gains and let my losses running.

trailing indicators ...i keep may bet commodities going to crash baltic dry is more of a laeading indicator
China reduced iron ore import and sits on huge stockpiles of industry metals and the subsidies
created a housing bubble.
No no there is no sustaining recovery

Gold is back and alive in the monetary system!

What appears to have really happened is that one nation or more needed foreign exchange to counter some shortfall in its accounts and raised these funds as a short-term liquidity measure, believing that it would be able to return the currency and receive its gold back. The gold would then be returned at the conclusion of the swap period in return for the currencies swapped. If it fails to return these funds to the BIS, then the BIS could discreetly place the gold with another central bank, should it not want to keep the gold. If it did so, the BIS would simply report its disposal of the gold, the originating central bank would report the drop in its gold reserves and the gold buying bank would report its increase in the reserves.

This puts the transaction into an entirely different category. It seems that one or more of the developed world's central bank's credit is not good enough for other governmental institutions. If word got out as to which this country is, then the financial markets would go into quite a spin, shaking the global financial system to its core. No wonder the B.I.S. is keeping such a low profile!
http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=107700&sn=Detail