Growing unrest in China , talk of Israel threatening an attack on Iran and growing talks about " reducing " the role of the US dollar as a reserve currency by France , Russia , India and China as the G8 meets and most of them express concerns about a weakening US dollar .

Seems like the week ahead will have a lot more to offer then just second quarter company's results .

90 million people sink deeper into poverty as a result of the " recession " somehow i find this word innapropriate to describe the present situation , in any case major events are unfolding across the planet increasing the risk of pitting nations against one another through protectionist measures in a first part and leading to a reshape of alliances .

Local unrest in poverty stricken nations is shure to rise as this crisis endures .

Oil below $64 probably the result of larger surplus in the US as announced last week and speculators getting out on concerns about the future of the economy ,and Gold at $921 this morning it should'nt last very long as economic and political turmoil grows .

Have a good trading day .

Tec