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Make no mistake about it, we are in the midst of an unprecedent crisis. Every one is watching Fanni Mae (FNM) and Freddie Mac (FRE). Every one knows what a collapse of these two mortgage giants could mean, and what a high cost a government bailout would be. I encourage you to watch what Jim Rogers had to say about the crisis. I also encourage you to read Jim Sinclair's daily commentary to understand what's going on.

People, wake up! This is a worse crisis than even the Great Depression. I don't see anyone in our government capable of handling it. The best you can do is try to protect yours

Thursday saw the market's kneejerk reaction of oil dropping of $4 a barrel, in response to China's announcement of gasoline and diesel price boost of 16%. Most traders perceived higher price will suppress Chinese demand on oil. They know nothing about what's going on in China.

After the price boost, gasoline still costs only US$3 a gallon, far cheaper than prices in the US and Europe. It will not supress demand at all; consider that only wealthest 3% of households in China own a vehicle. The Chinese transportation fuel market is in severe short supply. Refineries are unwilling to increase pr

A fantastic breaking news from PAL, North American Palladium, on the evening of April 29, 2008 prompted me to write this article.<!--more-->

Meanwhile the agriculture selloff of the past two days requires someexplanation since my last article. Of course, all eyes are on FSLR on Wednesday for their earnings release. You remember that I predict that FSLR could go out of business altogether in a few years, due to a global tellurium shortage. Goldman Saches (GS) sold off virtually their entire stake in FSLR at the end of last year, while Piper Jaffray (PJC) issued an upgrade on FSLR. This marke