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Canadian Armed Forces
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IED attack kills Canadian soldier in Afghanistan (Oct 08 2006 23:57 GMT) - OTTAWA ? At approximately 5 a.m. (Afghanistan time), a Canadian soldier was killed today when the RG-31 he was travelling in was hit by an Improvised Explosive Device (IED) in the Panjwayi area, approximately 25 km West of Kandahar, Afghanistan. Next of kin have requested that the name of the fallen soldier not yet be released. |
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GoldSeek.com Radio - Brian Pretti, Bob Chapman, Jack Chan & Gary Kaltbaum (Oct 08 2006 23:53 GMT) - In the first hour, a review of this weeks top market headlines. Next, Bob Chapman stops by to discuss his latest market findings and tackles two listeners questions. He's concerned that the recent increase in naval forces activity on both the east and west coast may be hinting of a show down with Iran in the months ahead. Next, Jack Chan and Gary Kaltbaum remain skeptical regarding the Dow Jones advance, because the index is limited to only 30 stock components. Instead, they are both focusing on |
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Balance of Power Shifts – good for gold – Part 1 (Oct 08 2006 23:53 GMT) - The importance of these shifts cannot be over-emphasized, because they are changing the ‘Balance of Power’ in the world significantly and shaping the global economy and will deeply affect the state of the global monetary system. So far the $ has managed to hold onto the reins of power in the world monetary system, despite the catastrophic, persistent and unhealthy, Trade deficit of the United States, about which the States is doing absolutely nothing, which has and will be good for gold, but n |
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Back to Basics (Oct 08 2006 23:53 GMT) - Last week was a busy week on all fronts for market watchers. Metal prices fell hard early in the week but rallied sufficiently by mid-week to offset their losses and in the case of lead, zinc and aluminum, rallied well past their price levels of a few weeks ago. Gold, in spite of a late-week rally, is still off about 5% from the previous week’s price. |
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Rumors Perk Up Gold Bugs’ Day (Oct 08 2006 23:53 GMT) - So much for my prediction here yesterday that bulls would celebrate the release of payroll figures on Friday no matter how many new jobs were alleged to have been added to the U.S. economy. As it happened, the number fell well shy of estimates – 51,000 new non-farm jobs versus an expected 125,000. Ordinarily we might have expected such a big shortfall to send stocks soaring, since weak employment figures tend to make the usual bunch of idiots salivate over the prospect of more Fed easing. |
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Elliott Wave Gold Update IX (Oct 08 2006 23:53 GMT) - There is a high probability that the 5 month correction in the gold price has ended. Often there is a relationship between the lengths of the A and C waves of a correction, sometimes C equals A and at other times C is only 61.8% of A. At the low prices on both Comex and the London PM fixings last Friday (6 October), the C wave of the correction was almost precisely 61.8% of the A wave. |
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Dow 14660 Has Come and Gone (Oct 08 2006 23:53 GMT) - This was a simple exercise but one that took quite a bit of time and effort to accomplish. We adjusted the price of the Dow from Oct 1999 on a quarterly basis to reflect dollar strength or weakness. In other words the Dow was re priced on the basis of where the dollar was trading in each one of those quarterly periods. As the saying goes "a picture is worth a thousand words" and so that’s exactly where we are going to start begin this analysis. |
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Gasoline Price Manipulation Before the Elections (Oct 08 2006 23:53 GMT) - Now it may be hard to swallow for some that market manipulations go on, but they do at all levels. Penny stock promoters cook up their schemes, and power players have their schemes. In traders jargon, it’s called painting the tape. Indeed, the Washington Post has revealed that the government has formed something that is casually known as the Plunge Protection Team. PPT is supposed to jump in and buy stocks when things are unruly. |
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The Inflation of Expectations (Oct 08 2006 23:53 GMT) - This week we had two more Federal Reserve members repeat what has become the theme for their chorus, but not one the market seems to be paying much attention to. It should be. The market believes the Fed will soon start to cut rates, perhaps as early as first quarter of next year. It is not altogether clear that this will be the case. |
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The Late, Great Helmsman (Oct 08 2006 23:53 GMT) - -Full of question marks today... if the pros do so badly picking stocks...imagine how the average investor is likely to do... -It is not the time to buy stocks - but it is the time to sell them...you could buy Trump's house in Florida - it's only $124 million... |
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