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- HUI: YOU AIN'T SEEN NOTHIN' – YET!
- Gold Commemeratives
- Silver and Gold shorts in trouble/paper money no where to go!/poor jobs report
- KWN Weekly Metals Wrap – First Gold Close above $1400
- An interview with Jim Rickards a must listen
- Massive Short Squeeze at Hand in Gold and Silver Markets
- Bart Chilton Urges Corrupt CFTC Colleagues To Actually Act On Behalf Of Investor Protection For Once, Move On Position Limits
- Fed Critics Go Mainstream
- Dollar Reappraisal : Gold Vanishing into Private Hoards
- Stranger than Fiction: The Bre-X Gold Scandal
- Alaska Gold Rush - The Show
- Investing in Silver in 2011
- Gold Rises on Weak US Jobs Data, Bull Market "Dependent" on Low US Rates
- China Gold Imports Increase Dramatically
- Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read
- The Federal Reserve and Its Secret Set of Books
- Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 3% and 9% on the Week
- The "perfect storm" in commodities continues
- COT Silver Report - December 3, 2010
- Economic Collapse Inevitable?
- Tight Club
- What Was the Top Performing ETF and Sector of 2010?
| HUI: YOU AIN'T SEEN NOTHIN' – YET! Posted: 04 Dec 2010 04:41 AM PST All indications are that we are at the 3rd wave juncture where the large cap gold and silver producer stocks and intermediate precious metals producer/developer stocks tend to start to move much better, and where the smaller explorer class starts to kick up it's heels. Let me show you what I mean with a few charts that will give you a clear visual of why you ain't seen nothing yet when it come to the future performance of the stocks (and warrants) of gold and silver mining and royalty companies. Words: 1198 | ||
| Posted: 04 Dec 2010 04:35 AM PST Like your thoughts on them. Talking about the 1/4 ounce gold pieces the US govt started issuing around 1986. I've been picking some up on ebay for less than spot (after discounts of course) doesn't seem to be a lot of competition for them. I just wonder why. Its govt, but maybe the lack of identification as gold turns people off? | ||
| Silver and Gold shorts in trouble/paper money no where to go!/poor jobs report Posted: 04 Dec 2010 01:45 AM PST | ||
| KWN Weekly Metals Wrap – First Gold Close above $1400 Posted: 04 Dec 2010 01:18 AM PST HOUSTON – Wealth frantically danced between the two largest fiat currencies this week, first out of the troubled euro and into the greenback, and then, as if Forex traders suddenly had a monumental change of heart, right back out of the dollar and into the euro and pound sterling in rapid, violent, high percentage moves. Currency traders have to be nimble or perish in such a "Wild Wild West" environment. No wonder, then, that gold finished the week closing above USD $1,400 nominal for the first time ever, and more volatile silver "answered" with a stunning $2.65 pop to a weekly close above $29 for the first time since the Iranian Hostage Crisis 30 years ago. ... More... | ||
| An interview with Jim Rickards a must listen Posted: 04 Dec 2010 12:24 AM PST Image:  My last two items are also King World News interviews with two well-know people in the gold world. This first is An interview with Jim Rickards of Omnis Inc... a gentleman who I have all the time in the world for. This must listen interview runs about twenty minutes... and the link is here. | ||
| Massive Short Squeeze at Hand in Gold and Silver Markets Posted: 04 Dec 2010 12:24 AM PST Silver and gold prices take flight... as do the shares. The '4 or less' bullion banks have stopped shorting the silver and gold market... for the moment. Interviews with Ben Davies, Chris Whalen, Jim Rickards and John Hathaway... and much more. ¤ YESTERDAY IN GOLD AND SILVERGold was up about $7 by the time that Hong Kong trading was through for the day on Friday, but by the time that floor trading began in New York at 8:20 a.m. Eastern time, those gains had vanished... despite the fact that the dollar had declined about 25 basis points up to that point. Once the job numbers were released, the dollar headed south as gold and silver prices headed north. But the moment that London closed for the weekend, the gold price basically flat-lined until shortly before 4:00 p.m. Eastern time. Then, in the space of 15 or 20 minutes, it tacked on another eight bucks or so... hitting its high of the day [$1,417.00 spot], before closing almost at that high. This was highly unusual gold price behavior for a Friday afternoon.
Silver's price path was very similar to gold's... as the silver price graph shows. Like gold, the standout on the silver price chart was the steady increase in prices after electronic trading began in New York after the floor close at 1:30 p.m. Eastern time. Silver closed nearly on its high of the day... which was reported as $29.43 spot. This is another 30-year high closing price for silver.
The world's reserve currency really took it on the chin yesterday. As I mentioned in the gold commentary, the dollar was down about 25 basis points going into the Comex open at 8:20 a.m. yesterday morning... and then fell of a pretty big cliff the moment that the job numbers were released. The dollar closed virtually on its low of the day... down 115 basis points. Ouch!
While on the subject of the dollar... here's the 1-year chart. It looks pretty ugly.
The gold shares climbed rapidly to their high of the day, which was around 11:15 a.m. Eastern... and then basically flat-lined for the rest of the trading day. The HUI was 3.02%. We'll take it. Here's the 5-day chart of the HUI for the week that was. We'll take that too!
It was another interesting CME Delivery Report yesterday. 767 gold contracts were posted for delivery on Tuesday. The big issuer was JPMorgan with 448 contracts in its client account, along with another 294 contracts in its proprietary trading [house] account. Deutsche Bank was the big stopper with 563 contracts stopped [received] in its house account. In silver, a smallish 64 contracts were posted for delivery. The link to all this gold and silver delivery action is here. The only ETF action yesterday was a small withdrawal of 13,415 troy ounces of gold out of GLD. That might have been a fee payment. There was no sales report from the U.S. Mint. There was a fair amount of activity at the Comex-approved warehouses on Thursday... and at the end of the day... 270,989 ounces of silver had been withdrawn. The link to that action is here. Yesterday's Commitment of Traders report for silver was a bit of a surprise... but after a quick chat with Ted Butler, I understood what happened. On the surface, the numbers showed was that the bullion banks in the Commercial category of the COT report had gone short another 2,917 contracts... which is 14.6 million ounces of silver. Ted looks far deeper into this report that I can see. What he said was that the 'velociraptors'... the traders in the Commercial category other than the '8 or less' bullion banks... had sold some of their long positions and taken profits. This had the same effect on the report as a someone going short. So it wasn't a really big deal after all. In actual fact, Ted said that the '4 or less' bullion banks actually covered about 500 silver short positions during the last reporting week. As for gold, the bullion banks decreased their net short position by 6,576 contracts... or 657,600 ounces. The Commercial net short position in gold now stands at 27.0 million ounces. The '8 or less' bullion banks are short 28.7 million ounces of the stuff. Ted said that the standout in this COT report is the fact that the bullion banks have basically withdrawn from the short side of the market. This is the main reason that prices have been rising... and was certainly true in market action during the past week. Of course the grotesque short positions in silver and gold held by the '8 or less' traders still exist... and have yet to be dealt with either by delivering into, covering... or defaulting. The margin calls that went out on Friday must be bleeding the shorts dry... especially the smaller short holders. The screws are getting ever tighter. Here's Ted Butler's "Days of World Production to Cover Short Contracts" graph that's courtesy of Nick Laird over at sharelynx.com.
¤ Critical ReadsSubscribeFed Withholds Collateral Data, Denying Taxpayers Gauge of RiskMy first story today is one I 'borrowed' from yesterday's King Report. It's another piece about the Fed's largess with the free money that it was handing out to prevent the world from melting down in 2008. It's a Bloomberg article headlined "Fed Withholds Collateral Data, Denying Taxpayers Gauge of Risk". Although the Fed lived up to the letter of the Dodd-Frank law... it certainly didn't live up to the spirit of it... as the Federal Reserve withheld details on individual securities pledged as collateral by recipients of $885 billion in central bank loans, denying taxpayers a measure of the risks they faced from its emergency aid. The link to the story is here.  Bernanke Tells Nation This Sunday: More QE ComingThe next item for you today is courtesy of reader 'David in California'. It's a zerohedge.com posting that bears the headline "Bernanke Tells Nation This Sunday: More QE Coming" Ben Bernanke is going to be on 60 Minutes on Sunday... and will tell all then. The link to this very worthwhile article is here... and the two graphs are worth the trip all by themselves.  Interview with Chris Whalen of Institutional Risk AnalyticsReader Ken Metcalfe provides the next item. It's an msnbc.com interview with Chris Whalen of Institutional Risk Analytics... a frequent guest over at King World News. This guy is one sharp cookie. Jim Rickards calls him the best bank analyst in the world... and I'm not about to disagree. The interview runs a bit over six minutes... and is definitely worth your time... and the link is here.  Bart Chilton Urges Corrupt CFTC Colleagues To Actually Act On Behalf Of Investor Protection For Once, Move On Position LimitsHere's another zerohedge.com story. This one's courtesy of reader Phil Barlett. The very long headline reads "Bart Chilton Urges Corrupt CFTC Colleagues To Actually Act On Behalf Of Investor Protection For Once, Move On Position Limits". Although the word 'silver' never appears in this piece... that, dear reader, is what it's all about. The link to the story is here.  Statement on Position Limits, "Keeping Promises"The full comments from CFTC Commissioner Bart Chilton is entitled Statement on Position Limits, "Keeping Promises". The short press release containing Chilton's comments, is posted over at cftc.gov... and is linked here. I thank reader Raymond Hay for sending it along.  Mystery trader captures 80% of London's copper marketReader Roy Stephens' first offering of the day is this piece out of yesterday's edition of The Telegraph. The headline reads "Mystery trader captures 80% of London's copper market" A single trader has gobbled up to four-fifths of the copper traded in London, stockpiling it in warehouses. It's a very short read... and the link is here.  Spanish Skies Shut Down After 90% Of Air Traffic Controllers "Call In Sick" In Protest Over Austerity'David in California' provides the next story, which is posted over at zerohedge.com. The headline reads "Spanish Skies Shut Down After 90% Of Air Traffic Controllers "Call In Sick" In Protest Over Austerity". Now Spain has ordered its air traffic controllers to resume work or the military will take over control of the airspace. It's also a very short read... and the link is here.  Total Precious Metals PoolsBefore I get into my precious metals-related stories today... here's another graph courtesy of Nick Laird at sharelynx.com. It's titled "Total Precious Metals Pools"... and shows the total ounces [and dollars] of all known precious metal depositories world-wide. This graph only shows what's happened so far this year... and precious metals are disappearing into these depositories at a record clip... as their values skyrocket.
 Posted: 04 Dec 2010 12:24 AM PST Image:  Here's another zerohedge.com story. This one's courtesy of reader Phil Barlett. The very long headline reads "Bart Chilton Urges Corrupt CFTC Colleagues To Actually Act On Behalf Of Investor Protection For Once, Move On Position Limits". Although the word 'silver' never appears in this piece... | ||
| Posted: 03 Dec 2010 05:27 PM PST Dollar Collapse | ||
| Dollar Reappraisal : Gold Vanishing into Private Hoards Posted: 03 Dec 2010 04:30 PM PST
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| Stranger than Fiction: The Bre-X Gold Scandal Posted: 03 Dec 2010 04:30 PM PST CBC | ||
| Posted: 03 Dec 2010 01:24 PM PST I'm watching the premier show on the Discovery Channel, and can't help but wish I was there with them when they set out on this journey. As a child, I was fascinated by those who went out into the wilderness seeking Gold and Silver, and wondered how I would fare. I wasn't worried if I would survive and thrive in the wilderness (being brought up the way I was and the activities I have done as an adult lay to rest any doubts about my survivability), I have always wondered if I would 'strike it rich'. Today, I go to my local dealer to get my PM fix. Makes me feel kinda cheap. So, fellow PM bugs, any thoughts on whether or not you would be able to cash it all in and head out into the vast unknown to try and strike it rich? | ||
| Posted: 03 Dec 2010 12:03 PM PST Peter Krauth submits: Forecasting prices for anything can be tricky. And a precious-metal commodity such as silver is no exception. Complete Story » | ||
| Gold Rises on Weak US Jobs Data, Bull Market "Dependent" on Low US Rates Posted: 03 Dec 2010 09:43 AM PST Bullion Vault | ||
| China Gold Imports Increase Dramatically Posted: 03 Dec 2010 09:37 AM PST Iacono Research | ||
| Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read Posted: 03 Dec 2010 09:28 AM PST 
If you have never been unemployed, it can be hard to describe how soul-crushing it can be. As the bills pile up and the financial obligations mount, the pressure can be debilitating. Being unemployed for an extended period of time can easily plunge you into depression and grind your self-worth away to almost nothing. After getting rejected dozens of times (or even hundreds of times), many Americans simply give up. There are countless marriages and countless families that are being ripped to shreds by financial pressure even as you read this. When the money is gone and there is no job in sight it can be a really, really empty feeling. Of course there is a whole lot more to life than money, but it can be difficult to tell that to someone who can barely sleep at night because of the intense pressure to find a job. The vast majority of Americans have at least one family member or close friend that is looking for work right now. Times are really, really tough and unfortunately the long-term outlook is very bleak. We should have compassion on those who are out of work right now, because soon many of us may join them. The following are 25 unemployment statistics that are almost too depressing to read.... #1 According to the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8 percent. This was up from 9.6 percent in October, and it continues a trend of depressingly high unemployment rates. The official unemployment number has been at 9.5 percent or higher for well over a year at this point. #2 In November 2006, the "official" U.S. unemployment rate was just 4.5 percent. #3 Most economists had been expecting the U.S. economy to add about 150,000 jobs in November. Instead, it only added 39,000. #4 In the United States today, there are over 15 million people who are "officially" considered to be unemployed for statistical purposes. But everyone knows that the "real" number is even much larger than that. #5 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer. #6 The number of "persons not in the labor force" in the United States recently set another new all-time record. #7 It now takes the average unemployed American over 33 weeks to find a job. #8 When you throw in "discouraged workers" and "underemployed workers", the "real" unemployment rate in the state of California is actually about 22 percent. #9 In America today there are not nearly enough jobs for everyone. In fact, there are now approximately 5 unemployed Americans for every single job opening. #10 According to The New York Times, Americans that have been unemployed for five weeks or less are three times more likely to find a new job in the coming month than Americans that have been unemployed for over a year. #11 The U.S. economy would need to create 235,120 new jobs a month to get the unemployment rate down to pre-recession levels by 2016. Does anyone think that there is even a prayer that is going to happen? #12 There are 9 million Americans that are working part-time for "economic reasons". In other words, those Americans would gladly take full-time jobs if they could get them, but all they have been able to find is part-time work. #13 In 2009, total wages, median wages, and average wages all declined in the United States. #14 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941. #15 The United States has lost at least 7.5 million jobs since the recession began. #16 Today, only about 40 percent of Ford Motor Company's 178,000 workers are employed in North America, and a big percentage of those jobs are in Canada and Mexico. #17 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent. #18 Earlier this year, one poll found that 28% of all American households had at least one member that was looking for a full-time job. #19 In the United States today, over 18,000 parking lot attendants have college degrees. #20 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000. #21 As the employment situation continues to stagnate, millions of American families have decided to cut back on things such as insurance coverage. For example, the percentage of American households that have life insurance coverage is at its lowest level in 50 years. #22 Unless Congress acts, and there is no indication that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next couple of months. #23 A poll that was released by the Pew Research Center back in June discovered that an astounding 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began. #24 According to Richard McCormack, the United States has lost over 42,000 factories (and counting) since 2001. #25 In the United States today, 317,000 waiters and waitresses have college degrees. But this is what we get for creating the biggest debt bubble in the history of the world. For decades we have been digging a deeper hole for ourselves by going into increasingly larger amounts of debt. In America today, our entire economy is based on debt. Even our money is debt. We were fools if we ever thought this could go on forever. Just think about it. Have you ever gone out and run up a bunch of debt? It can be a lot of fun sitting behind the wheel of a new car, running your credit cards up to the limit and buying a beautiful big house that you cannot afford. But in the end what happens? It always catches up with you. Well, our collective debt is starting to catch up with us. There is a sea of red ink on every level of American society. It is only a matter of time before it destroys our economy. If you think that things are bad now, just wait. Things are going to get a whole lot worse. A horrific economic collapse is coming, and it is going to be very, very painful. | ||
| The Federal Reserve and Its Secret Set of Books Posted: 03 Dec 2010 08:40 AM PST I have been grudgingly getting to work every day and on-time since, unfortunately, it looks like my incompetence, stupidity and sheer lazy worthlessness is going to produce another losing quarter, and the rumor is that the Board of Directors is looking for heads to roll. This prompted me to suggest to my boss that instead of firing me, the company should bail out the business segment that is losing money (mine) by loaning money to it, which everyone knows will never be paid back, so that the consolidated company books could show a huge tax-deductible loss by virtue of loss reserves on the eventual default, and my little division could also help the bottom line by booking a tax-deductible interest expense on the loan that we never pay back! I carefully explained how the important benefit would be, of course, that I could continue to be my happy – although incompetent, stupid and lazy – self, there would be bonuses for the executive staff, and the company would benefit when everyone would look at me and say to themselves, "Wow! The company must be doing very well if they can afford to hire a half-witted clown!" which will create a kind of "wealth effect"! Money will start flowing! I explained to her, breathless with my hopeful optimism, "It's like magic!" Or, I said, triumphantly playing my ace of trumps, the accountants could find a way to "lose" all the money and save enough in evading taxes to offset the whole deal! Well, I could tell by the look on her face that she was not very keen on the idea to, as she put it, "dare to come into my office and suggest that we commit fraud and evade taxes so that we all land in prison and die in disgrace" but I calmly explained that the Federal Reserve apparently can't account for $9 trillion in their own off-balance sheet transactions, and nobody is under arrest, or going to jail, or being investigated, or anything! $9 trillion! In an economy that has a GDP of $14 trillion! "And so," I went on, "our piddly fraud would be but a triviality compared to $9 trillion, which is a Huge Freaking Amount (HFA) of money, in that it is a whopping 65% of GDP and (coincidentally) 65% of the national debt, and is 4.8 times larger than the entire monetary base of the Whole Freaking Country (WFC)!" She was visibly choking on her outrage, which I suspected was because she thought I was making this up as part of another Mogambo Scheme Of Desperation (MSOD) to save my worthless butt from the firing squad. So, to allay her suspicions, I told her that I got this information from Money News, which reported that when "Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know." Shockingly, "nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are," which probably explains why Rep. Grayson said, "I am shocked to find out that nobody at the Federal Reserve is keeping track of anything." TheDailyBell.com, commenting on this interesting news item, said, "During the questioning of Coleman, Grayson asks her over and over if there is a formal accounting available for the trillions in off-book balance sheet activity for the Fed" until she finally "all-but-admits that she actually has no authority even to examine the Fed's off-balance sheet activities." This is where I got all excited at the possibilities, and said, "So all we have to do is to deny anybody the authority to look at a secret set of books!" Well, tragically, my stupid boss nixed my Terrific Mogambo Plan (TMP), and now I am desperate enough, and scared enough, about losing my stupid job that I show up, on-time, every stupid day to do my stupid job, whereupon I have rediscovered that I hate working and all that effort and striving to be at least minimally competent, which means I have to spend a lot of my Valuable Mogambo Time (VMT) actually handling stupid problems instead of, like previously, ignoring them until they somehow solve themselves or just mysteriously go away. The worst part, of course, is that I have to be around my stupid co-workers, who stupidly do not buy gold, silver and oil when the horrid Federal Reserve is creating so much money, and even when I tell them that they are stupid for not buying them, they still don't buy them! Stupid! These are, I suppose, the same "common people" who went another $2 billion deeper in installment debt last month, taking that source of indebtedness back up to $2,411 billion, which is a cool $24,110 for every private-sector worker in the Whole Freaking Country (WFC), which is an important statistic since only private-sector workers can make a profit with which to pay the taxes which supports half the economy already! Apparently, the money was used for "personal consumption expenditures," which increased $17.3 billion, or 0.2%, according to the Bureau of Economic Analysis, which also reports that "Personal income decreased $16.8 billion, or 0.1 percent, and disposable personal income (DPI) decreased $20.3 billion, or 0.2 percent, in September." People made less money, even as things cost more! Yikes! And as for the terror of inflation and especially the ruinous, runaway inflation that will result from the Federal Reserve creating so much money, the new Gross Domestic Product Deflator is understandably up, hitting 2.3%, which is up from last month's 1.9%. Hurriedly concocting some inflammatory and meaningless statistics in a pathetic attempt at attention-getting, I breathlessly declare that this is a gigantic 21% increase in the growth of inflation! Which it is! Check it yourself, moron, if you don't believe me! And with the evil Ben Bernanke purposely misusing the Federal Reserve to "target" 2% inflation in prices by creating – out of thin air – whole multiples of that in new money as a percentage of the money supply, the Fabulous Mogambo Advice (FMA) to buy gold, silver and oil as protection against such inflationary horrors rings clearer and louder, although it can be argued that the ringing of inflationary horror can ring louder, but not necessarily clearer. And as for easy, it hasn't gotten any easier, either, because it is already so easy to buy gold and silver ("Here's my money, gimme my metal!") that those who buy them justifiably say, "Whee! This investing stuff is easy!" The Mogambo Guru The Federal Reserve and Its Secret Set of Books originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day." | ||
| Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 3% and 9% on the Week Posted: 03 Dec 2010 07:14 AM PST Gold traded mostly slightly higher in Asia and London before it fell to see a $3.15 loss at $1385.35 a little after 8AM EST, but it then rallied back higher for most of trade in New York and ended near its late morning high of $1408.59 with a gain of 1.19%. Gold also ended just $5.40 from its all-time closing high set this past November 9th. Silver surged to as high as $29.292 before it fell back off a bit in the last couple of hours of trade, but it still ended with a gain of 1.89% at a new 30-year closing high. | ||
| The "perfect storm" in commodities continues Posted: 03 Dec 2010 07:10 AM PST From Bloomberg: Commodities headed for the biggest weekly gain since October 2009 as global shortfalls of cotton and wheat drove agriculture prices higher. The Thomson Reuters/Jefferies CRB Index of 19 raw materials rose 3.25, or 1%, to 315.35 at 1:31 p.m. New York time. A close at that level would mark a weekly gain of 4.7%. Cotton was poised for the biggest weekly jump in 39 years after India put limits on exports. Heavy rain is eroding the quality of Australian wheat after a drought cut Russian grain output. The dollar tumbled against major currencies, boosting the investment appeal of energy, metals and crops. Crude oil rose to a 25-month high, and gold topped $1,400 an ounce. "The perfect storm in commodities continues another week," said Fain Shaffer, the president of Infinity Trading Corp., a commodity brokerage in Medford, Oregon. "Between weather problems, financial problems and China saying they want to buy gold, all these markets are up pretty good today." To contact the reporter on this story: Elizabeth Campbell in Chicago at ecampbell14@bloomberg.net. To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net. More on commodities: The stars continue to align for dramatically higher coal prices Porter Stansberry: Food crisis looming... prices set to skyrocket... GOLD CRAZY: New wave of Chinese money is set to slam the gold market | ||
| COT Silver Report - December 3, 2010 Posted: 03 Dec 2010 06:32 AM PST COT Silver Report - December 3, 2010 | ||
| Posted: 03 Dec 2010 12:23 AM PST It is hard to disagree with this assessment as expressed on The Economic Collapse: An economic collapse is coming. The Federal Reserve can desperately try to keep all of the balls in the air for [...] | ||
| Posted: 02 Dec 2010 10:00 AM PST An unwelcome (and largely unexpected) rise to the 9.8% level in the overall US unemployment figure sent the gold market on a fast sled-ride beyond the $1,400 level and the US dollar on an equally swift but declining path this morning. | ||
| What Was the Top Performing ETF and Sector of 2010? Posted: 02 Dec 2010 10:00 AM PST Contrary to popular opinion the inflation trade came back with a vengeance in 2010. Year to date, the ultra silver ETF ranks the highest performing exchange traded fund, up 88%. |
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