Mostly: Classical

[Andy R]

My news catch Up
Sure like the sound of this article,

"
SAN FRANCISCO (MarketWatch) -- Gold futures surged nearly $14 an ounce Monday to close at their loftiest level in three sessions as oil prices gained on signs that Iran is poised to reject a United Nations demand that it cease enriching uranium for its nuclear program.
"The summer of unrest continues to unfold and keep volatility on the boil, just as we get closer to the time of seasonal strength in gold prices," said Jon Nadler, an investment products analyst at bullion dealer Kitco.com. "

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=mktw&guid=%7B80A9C2A....

Nice rebound,

Click on daily gold charts on the right at "click to enlarge"

http://www.kitco.com/

At bottom of above site I see crude back above $73

Interesting headline on drudge, Iran (concern for tomorrrow)
Saw this before on Pravda and now weeks later its news in US
http://www.drudgereport.com/
http://blogs.abcnews.com/theblotter/2006/08/is_tomorrow_doo.html

Also
http://edition.cnn.com/2006/WORLD/meast/08/21/iran.khamenei.ap/



Succinct'
Iran defiant on calls for nuclear U-turn
By Gareth Smyth in Tehran, Demetri Sevastopulo in Washington and Daniel Dombey in London

Published: August 21 2006 19:55 | Last updated: August 21 2006 19:55

Tehran on Monday gave the strongest indication yet that it would reject international calls to scale back its nuclear programme, intensifying the long-running controversy over its ambitions and nudging world oil prices higher.

Comments by Ayatollah Ali Khamenei, Iran’s supreme leader, which suggested such a rejection prompted President George W. Bush to call for a firm response by the United Nations in the wake of any Iranian refusal.

Iran has said it will respond by Tuesday to an incentive package to curb its nuclear activities, while the UN Security Council has set Tehran a deadline of August 31 for suspending uranium enrichment – a process that can produce both nuclear fuel and weapons grade material.

Iranian state television on Monday reported Mr Khamenei as saying that Iran had “made its own decision” and “God willing, with patience and power, will continue its path”.

Mohammad Saeedi, the deputy head of Tehran’s Atomic Energy Organisation, told Iran’s Fars news agency that suspending uranium enrichment was “not possible any more”.

Iran’s defiant tone, and the potential threat of sanctions against Tehran, helped push oil futures higher, with Nymex crude rising 61c at $71.75 a barrel in midday New York trading. Brent rose 75 cents to $73.05.

Speaking at a press conference in Washington, Mr Bush said the US would await a formal response from Iran. ”I certainly want to solve this problem diplomatically and I believe the best chance to do so is for there to be more than one voice speaking clearly to the Iranians.”

But he added: “In order for the UN to be effective, there must be consequences if people thumb their nose at the UN Security Council.”

The US government has made clear it will argue for sanctions against Iran if it fails to comply, although Russia and China have argued against the early use of punitive measures.

On Monday the Associated Press also reported that Iran had restricted UN inspectors’ access to the country’s nuclear site of Natanz. But it was unclear whether the reduced access amounted to a violation of Tehran’s international obligations.

The Rebellion Spreads



XXXXX DRUDGE REPORT XXXXX SUN AUG 20, 2006 16:02:35 ET XXXXX

BUCHANAN DECLARES: THIRD WORLD CONQUEST OF AMERICA

**Exclusive**

“As Rome passed away, so, the West is passing away, from the same causes and in much the same way. What the Danube and Rhine were to Rome, the Rio Grande and Mediterranean are to America and Europe, the frontiers of a civilization no longer defended.”

So begins a new work of warning from Pat Buchanan.

And this time Buchanan goes all the way.

STATE OF EMERGENCY: THIRD WORLD INVASION AND CONQUEST OF AMERICA streets this week and is designed to jolt readers with stats/analysis of illegal immigration gone dangerously wild.

Buchanan warns: “The children born in 2006 will witness in their lifetimes the death of the West."

One in every twelve people breaking into America has a criminal record.

By 2050, there will be 100 million Hispanics concentrated in the U.S. Southwest.

Between 10 and 20 percent of all Mexicans, Central Americans and Caribbean people have already moved to the United States.

Every month, the U.S. Border Patrol apprehends more illegal aliens breaking into our country, 150,000, than the number of troops we have in Iraq.

[The book was ranked #571 on AMAZON's sales chart Sunday evening.]

Buchanan slams the president: “Concerned about his legacy, George W. Bush may yet live to see his name entered into the history of his country as the president who lost the American Southwest that James K. Polk won for the United States."

In EMERGENCY, Pat Buchanan charges the Mexican regime with an Aztlan Plot, a conscious campaign to use America as a dumping ground for its poor and unemployed, both to relieve social pressure and effect a cultural re-annexation of the American Southwest. La Reconquista, the reconquest of the lands lost by Mexico in the Mexican-American War, Buchanan charges, is underway.

The Republican Party, a wholly owned subsidiary of the U.S. Chamber of Commerce, is in the grip of a cult called “Economism.” It is all about money now. The GOP worships at the “Church of GDP”

• Both parties are paralyzed by guilt over American past racial sins.

• Powerful Mexican and U.S. elites seek to erase America’s borders and merge the United States and Mexico into a “North American Union.”

In his controversial final chapter, “Last Chance,” Buchanan lays out a national plan to deal with the State of Emergency, before it makes an end of America:

• An Eisenhower-type deportation program, beginning with all illegal aliens convicted of felonies and every gang member not a U.S. citizen.

• A ten-year moratorium on all legal immigration, at the level JFK favored in 1958 -- 150,000 to 250,000 a year.

• A $10-billion, 2000-mile double-line security fence between the United States and Mexico, built with no apologies to Mexico City.

Developing...

Hmmmm just what I had in mind...



Sounds like fall rally starting early, lots of volatility, will be trading this

IMO USD falls off cliff over Iran, crude at new highs, dow etc stronger on prospects of wider war even in face of higher oil as printing presses rock and inflation weaves its dark web, volatility remains but trend is up, this jeanie won't go back in the box, since 2001 it has been guns oil gold and it was slider who coined it (on the strictly drilling thread one or two back in 1996 or 1997), a rough ride for longs but all worked out, see no reason to change horses yet, am a buyer here of all that is precious, but see best potential in minng equities, just as before, since 2001 4 to 10 baggers them all from bgo to kgc you take your pick, nothing has changed except more know the deal. the war gets wider the US more uncouth.

Nice be back to trade the old news, IMO the currency traders about to wake from their snooze, USD below 84, below $600 the POG no more, recession or slowdown really a bunch of crap as wartime economy will not put up with such crap, run your factory full tilt and don't worry the cost, the US gov't will eliminate all slack, hide the true numbers as long as you can but the world knows.

Happy Trading



Andrew