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- Take Note: These Analysts Believe Gold Will Go to $5,000 – or More!
- “Three Peaks and Domed House” Pattern Suggests Gold to Peak Soon!
- We Have Fallen Head First Into An Economic Abyss! Here's Why
- Results - SilverSeek.com Poll: Has the Silver Price seen its High ($50) for 2011?
- JPM is long Copper right? Cornered 90% of the trade right? A metal thats more profitable than gold...really?
- If the grid goes down?
- SLV calls look healthier than Megan Fox
- Silver ETF Volume Beat S&P 500 ETF in This Week's Heated Trading
- Unlike Gold and Silver, Platinum Gets No Investment Love
- Advantages of Silver Over Gold
- Silver Rush Spreads to Stock Market
- A Practical Perspective on Gold and Silver
- Perfect Precious Metal Storm Continues - Gold Hovers Near New Nominal Highs at $1,534/oz
- COMEX Registered Silver Inventory Falls Even Further
- What Barrick Gold's huge copper purchase means for commodities and inflation
- Frightening statistics that should make you think twice about going to college
- "Permabear" analyst Rosenberg gives up... turns bullish on stocks
- Gold Rises as US Rates Set to Stay "Exceptionally Low"
- A great tool to compare coin/bar pricing from multiple dealers at once
- Gold and Silvers Daily Review for April 27th, 2011
- PRECIOUS-Gold strikes record as dollar wilts
- Fed exit strategy questioned by markets
- Bernanke an economic voice of reason
- Devises : l'Euro flambe après la Fed, le seuil de 1,50$ en vue...
- Billions to Avoid Crisis
- US dollar heading for waterfall decline
| Take Note: These Analysts Believe Gold Will Go to $5,000 – or More! Posted: 28 Apr 2011 05:28 AM PDT 126 gold analysts have now written articles in which they put forth their projections for the eventual peak price of gold complete with their rationale for such occurring. Of those 126 prognosticators 86 maintain that gold will go as high as $5,000 per ozt. with 9 analysts believing gold will reach such heights before the end of 2012. Take a look at who is projecting what, by when, and why and seriously consider getting in on the action if you have not already done so. It certainly does not appear to be too late. Not by a long shot! Words: 922 |
| “Three Peaks and Domed House” Pattern Suggests Gold to Peak Soon! Posted: 28 Apr 2011 05:28 AM PDT There are a number of different ways to look at what has been happening with the price of gold of late and to anticipate what is next in store for this precious metal. One of the most unique ways is to assess past, present and future movement is the application of the "Three Peaks and the Domed House" chart pattern. It projects further upside movement to a peak in May followed by a 16% decline to $1,290 per ozt. in June. Let me explain. Words: 660 |
| We Have Fallen Head First Into An Economic Abyss! Here's Why Posted: 28 Apr 2011 05:28 AM PDT While the [financial] events of the past few months have not been a surprise [to many I can just imagine how shocking they must be,] however, for those just waking up to the ongoing implosion of our fiscal infrastructure, the bubbling inflationary meltdown just over the horizon, the nightmare unfolding around our national debt... With gasoline nearing $5 a gallon, grain prices doubling, and shelf prices beginning to skyrocket, it's hard for even the most ignorant suburban schlep to remain oblivious to the problem anymore. We are no longer on the edge of the abyss; we have fallen into it head first… [Let me explain.] Words: 2311 |
| Results - SilverSeek.com Poll: Has the Silver Price seen its High ($50) for 2011? Posted: 28 Apr 2011 04:36 AM PDT Results: Has the Silver Price Peaked for 2011? Yes = 12.04% (270 votes) No = 87.96% (1973 votes) |
| Posted: 28 Apr 2011 03:56 AM PDT So why not pump stories like this? Click here for Copper pump time by the Morgue |
| Posted: 28 Apr 2011 03:34 AM PDT How will you collect on your paper promises? Think about it this way, if the grid goes completely down, how will you cash out those etfs, GLD and SLV, pool accounts, other forms of stocks or bonds or paper metal? Especially if there is a global or local catastrophe. It would be dang near impossible to acess your money in stocks or any other medium other than physical. Especially if that business is internet based. |
| SLV calls look healthier than Megan Fox Posted: 28 Apr 2011 03:14 AM PDT Full retard. All aboard?? |
| Silver ETF Volume Beat S&P 500 ETF in This Week's Heated Trading Posted: 28 Apr 2011 03:00 AM PDT Trader Mark submits: We are reaching a fervor in the silver market now.... for those who watch the intraday action, the entire market has turned into the "anti dollar" trade and yesterday was a prime example. The dollar held in ok in the morning, then began to weaken once the FOMC announcement was made just after noon. Gold and silver began to run. As Bernanke began talking in the 2 oclock hour (effectively denying the Fed actions have anything to do with the greenback's action) the dollar began to fall apart, and gold & silver shot up, especially the latter which has become the high beta trade. (Click charts to expand) Complete Story » |
| Unlike Gold and Silver, Platinum Gets No Investment Love Posted: 28 Apr 2011 02:53 AM PDT Carlos X. Alexandre submits:c At least that is what the markets and the storytellers are broadcasting. What is the difference between platinum, gold, and silver? Not much! All precious metals have industrial and commercial applications, yet platinum is not viewed as "money" by those in the know. One major difference is the melting point, with gold and silver around 1,000 degrees Celsius, and platinum requiring more than 1,700 degrees Celsius to melt. That may explain why the metal was never adopted as "money" because it couldn't be easily shaped into coins by our ancestors. According to Wikipedia, "The first European reference to platinum appears in 1557 in the writings of the Italian humanist Julius Caesar Scaliger as a description of an unknown noble metal found between Darién and Mexico, 'which no fire nor any Spanish artifice has yet been able to liquefy.'" Thus humanity has somewhat forsaken platinum as a practical currency, and it's Complete Story » |
| Advantages of Silver Over Gold Posted: 28 Apr 2011 01:55 AM PDT If you are wealthy and can afford to buy some gold, be my guest. I think you will do just fine. However, silver will outperform gold about three to one. When I receive income from my business, I set aside enough cash to take care of my normal business affairs because paper money is still a means of exchange, although it is no longer a store of value. As a means of exchange, you can conduct your normal affairs. If I have any left over, I go to my local coin dealer and buy silver. |
| Silver Rush Spreads to Stock Market Posted: 28 Apr 2011 01:50 AM PDT Silver Rush Spreads to Stock Market by Tom Lauricella and Carolyn Cui Wednesday, April 27, 2011 The mania for silver has spread to the stock market as day traders pile into the buying. Trading got so heated during the past two days that shares traded in the iShares Silver Trust, the biggest exchange-traded fund tracking the price of silver, topped that of the SPDR S&P 500 ETF, usually one of the most actively traded securities in the world. Day traders "are going crazy," says Joseph Saluzzi, co-head of trading at brokerage firm Themis Trading. "It's typical of the bubbly speculation that's been going on in silver." On Monday, trading in the silver ETF was especially heavy, as silver prices soared to new 31-year highs and approached $50 an ounce. Silver is up 46% this year, part of a nine-month rally. The heavy ETF trading continued on Tuesday, as silver prices retreated. Volume in the silver ETF on Monday reached a record 189 million shares, compared with an unusually low 65 million for the SPDR. The trading in the silver ETF was five times that of the 37 million daily average of the first quarter and blew past its previous daily peak of 149 million shares set in early November. On Tuesday, the silver ETF's trading was 125 million shares, falling just 21 million short of the SPDR volume. The volume in silver ETFs is remarkable because the ETF until recently was relatively small and was shunned by mainstream traders. Its ascent reflects a surge in appetite for silver, which itself is reflecting a rise in the price of gold. Investors have turned to precious metals amid worries about inflation and the weakness in the U.S. dollar. The metals are increasingly considered attractive as a permanent store of value that doesn't diminish like paper currencies. Trading volume of silver futures contracts on the commodities exchange owned by CME Group rose to 319,205 contracts on Monday, a 58.6% jump from its prior record hit in November. Month to date, the contract's average daily volume has more than tripled compared with the same period last year. Total outstanding contracts in the silver-options market also reached a record on Monday. MI-BJ297_COMMOD_NS_20110426184503.jpg The heavy trading interest came as silver closes in on its record price of $48.70. Silver touched an intraday high of $49.105 per ounce on Monday before settling at $47.1510, a 31-year high. It dropped 4.4% to $45.0580 on Tuesday. In some respects, the surge in silver ETF volume above the SPDR was made easier by relatively lack of volume in the SPDR fund. Many investors have been sitting on the sidelines ahead of a crucial Federal Reserve meeting Wednesday. Trading also was muted Monday by a holiday across most of Europe. The evidence of day-traders flocking to silver can be seen in the surge of trading in high-octane ETFs designed to magnify the moves in silver prices up or down. Trading in ProShares UltraShort Silver, an ETF that offers a levered bet on falling silver prices, totaled more than nearly eight times its average daily volume over the last three months. The fund is down more than 40% in 2011. Scott Redler, chief strategic officer at T3 Trading Group, says day traders started to buy into silver ETF trading when silver prices first broke higher two weeks ago. [More from WSJ.com: Computers, Too, Can Give Away Location] "When that happened, momentum traders put it on their radar," Mr. Redler said. It hasn't been one-way bet, however. Mr. Redler was among those last week selling borrowed shares of the iShares ETF in anticipation of buying them back at a lower prices later and pocketing the difference. But, he says, so many traders were looking to do the same trade that, starting last Wednesday, "it was really tough" to locate shares to borrow. "You had to 'get on line,"' for the shares, he says. Part of the most recent surge in silver prices was the result of those bearish traders scrambling to buy in order to cover short positions. On Monday, "we saw a lot of the shorts capitulate," Mr. Redler says. Write to Tom Lauricella at tom.lauricella@wsj.com and Carolyn Cui at carolyn.cui@wsj.com http://finance.yahoo.com/banking-bud...&sset=&ccode= |
| A Practical Perspective on Gold and Silver Posted: 28 Apr 2011 01:48 AM PDT http://www.preparednesspro.com/blog/...ld-and-silver/ Article with some good information. The copyright notice only allows posting a link or I would have posted a couple of paragraphs. I attempted to post the comment but I'm not sure it was accepted as it hasn't appeared on the blog.... Kellene, I enjoyed your article "A Practical Perspective on Gold and Silver" and you are spot on with your advice about prioritizing preparations. One must be prepared to house, feed, clothe, and protect oneself and loved ones and that can only be done with food, shelter, clothing, etc. or the means to produce them. In fact, all your suggestions about preparedness in general are spot-on but some of your remarks about gold and silver, the economy, and the future deserve some comment: Once you feel you have your preparedness needs substantially met, one's thought might turn to wealth preservation (yes, I know. We're never really "ready" but some folks will still be inclined to preserve some of their wealth anyway). This is where gold and silver really shine. I don't agree with your assertion that when the fit hits the shan (TSHTF), gold and silver will be "worthless" just like the over-printed fiat dollar. Quite the opposite is true. Gold and silver will have more "value" in terms of those dollars precisely BECAUSE those dollars have become worthless! And yes, as you hint, there is plenty of manipulation of the markets in precious metals but the reason that the price of silver has increased by 12 times and gold by five times in the last ten years is because the manipulators are losing control. They cannot fool the "real world" (i.e. actual supplies) with paper fraud forever. In all the tens of thousands of years of human society, despite incredible natural disasters and social upheaval, gold and silver have never been deemed "worthless." I agree that with TSHTF, there will be periods when gold won't do you much good if you're short of food and medicine, but one thing is for certain: anyone willing to trade for these commodities will be a lot more likely to accept gold than they will be to accept dollars! "Inflation" is not rising prices. That's just a symptom. Inflation is the falling value of fiat money because of the increasing "money supply." In other words, the more dollars Ben Bernanke prints, the less value each dollar has so you have to spend more of them to get the things you need. Without consideration for TSHTF scenario, gold and silver investments are not, as you suggest, made in the hope of making a profit. Rather they are intended to preserve buying power. We've all heard the stories of how an ounce of gold would buy a good quality man's suit, belt, shoes, etc. in Roman times and it will do the same today. Irrespective of of the "value" of the made up money the bankers print on paper, this has held true in all periods of Earth's history. This "next big thing" may be the "final chapter" as you suggest, and I won't argue the point, but on the chance that things settle down and some sort of normalcy returns to trading, some standard will be needed. If we allow the bankers to make us a new "currency" then we will have committed the error of looking to the people who caused the problem in the first place to provide us with a solution. Put another way, "Repeating the same behavior expecting a different result." And by the way, ATMs that dispense gold have already begun appearing. Gold is money. |
| Perfect Precious Metal Storm Continues - Gold Hovers Near New Nominal Highs at $1,534/oz Posted: 28 Apr 2011 01:46 AM PDT gold.ie |
| COMEX Registered Silver Inventory Falls Even Further Posted: 28 Apr 2011 01:26 AM PDT Inventory backing COMEX silver futures nearing a critically low level. A second excerpt of the full Got Gold Report. HOUSTON – In our Sunday full Got Gold Report we noted that the Registered inventory of silver metal at approved COMEX warehouses had then fallen to a very low 35.7 million ounces. As of yesterday, Wednesday, the COMEX Registered inventory had fallen to 33.3 million ounces of silver backing up all 146,000 silver futures contracts that currently trade in New York. Why is that significant? Because as of yesterday, there were still more than 26,000 contracts open for the May contract, that could potentially stand for delivery, but there is only enough silver in COMEX approved warehouses to cover about 6,660 of them. Notice also that the reported total open interest for silver futures dropped about 13,300 contracts, or roughly 8.5% in the two-day uber-high-volume pullback and snapback rally.
Extreme tightness for physical silver metal in commercial size bars continues. A sure-enough supply squeeze is underway, but we doubt that this time it is the result of just one or two or five large entities driving it as some of the many rumors out there hint. Instead, we believe there is a broad-based and diverse multitude of interests on the bid for the second most popular precious metal. They are perhaps hoping that another larger dip will appear, so they can buy into the silver juggernaut. As promised, below is a second excerpt of last Sunday's full GGR. From the Got Gold Report delivered to subscribers on Sunday, April 24: Food for Thought Moving on, the indicators we watch every day and study every weekend are like semaphore systems. They send up "flags" from time to time. Below are a few of the ones we thought worth sharing this week.
Gold Silver Ratio Again at New Lows
U.S. Dollar Index Breaks to New Lows The DXY traded to as low as 73.73 on Thursday, well under the November 2009 turning low of 74.23.
The action does not give one a comfy feeling about dollar strength at the moment. Below is a closer view.
If the world is about to run off Massive Debt Cliff, then why isn't Dr. Copper showing more signs of weakness?
You know, we just have to say it. We have already gotten close enough to the end of June for the Big Markets to begin discounting the return of Market Hell. That is if the return of Market Hell is in the offing, mind you. Should we still rig for heavy weather if the Big Markets are not yet signaling it is coming? Oh, sure, the momentum indicators have turned down, no doubt, but doesn't it strike you that they are not doing so with the kind of vengeance we might expect if the ONLY thing propping up the markets was the fickle hand of government? Just a thought. (End of excerpt.) To subscribe to the Got Gold Report, please click on the GGR Subscribe link above and to the right and thanks for doing so! That is all for now, but there is more to come. |
| What Barrick Gold's huge copper purchase means for commodities and inflation Posted: 28 Apr 2011 01:17 AM PDT From OilPrice.com: "Watch where the big companies make their direct investments... That is where the markets will follow." That golden rule is what the head of investments at JPMorgan, Carl Van Horn, taught me some three decades ago. So I take Barrick Gold's (ABX) purchase of Canada's Equinox Minerals for $7.6 billion, one of the world's largest copper producers, a complete reaffirmation of my long-term focus on hard assets of all descriptions. The deal tells us much about the future of the world economy. For a start, it shows how much Barrick believes in the future price appreciation of not only gold, but the red metal as well. He obviously spoke to some hedge fund friends of mine who have been... Read full article... More on commodities: Jim Rogers issues an urgent warning on silver Doug Casey and Rick Rule: How to invest for the End of America Forget gold... One of America's favorite commodities is headed to all-time highs |
| Frightening statistics that should make you think twice about going to college Posted: 28 Apr 2011 01:11 AM PDT From The Economic Collapse: Is going to college a worthwhile investment? Is the education our young people are receiving at our colleges and universities really worth all the time, money, and effort that is required? Decades ago, a college education was quite inexpensive and it was almost an automatic ticket to the middle class. But today, all that has changed. At this point, college education is a big business. There are currently more than 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation throughout the United States. There are quite a few "institutions of higher learning" that now charge $40,000 or even $50,000 a year for tuition. That does not even count room and board and other living expenses. Meanwhile, as you will see from the statistics posted below, the quality of education at our colleges and universities has deteriorated badly. When graduation finally arrives, many of our college students have actually learned very little, they find themselves unable to get good jobs and yet they end up trapped in student-loan-debt hell for essentially the rest of their lives. Across America today... Read full article... More on education: Why most colleges are a Marxist scam One of the most dangerous bubbles in history is about to explode Doug Casey: Going to these colleges serves no useful purpose whatsoever |
| "Permabear" analyst Rosenberg gives up... turns bullish on stocks Posted: 28 Apr 2011 01:08 AM PDT From Pragmatic Capitalism: After trying to call the top in equities every other week for the last two years, David Rosenberg has finally thrown in the towel on the bearish calls. In his Wednesday research report, he detailed why he believes equities have achieved a "holy grail" and should continue to move higher: "On a very near-term basis, and despite my long-standing macro concern list, which has not gone away, it does look like the market is set to rise further. The technicals are suggesting as much, though I do await what Walter Murphy may have to say on the matter. "I had said before that a breakout to new highs led by higher volume would be an important technical signpost. Well, we achieved that Holy Grail yesterday – both in level terms and with respect to the change. This is not throwing in the towel, it is an acknowledgment of... Read full article... More on stocks: The stock market is ready to crack How top analyst Gary Shilling is investing today If you own gold or silver stocks, this analysis could surprise you |
| Gold Rises as US Rates Set to Stay "Exceptionally Low" Posted: 28 Apr 2011 12:46 AM PDT Bullion Vault |
| A great tool to compare coin/bar pricing from multiple dealers at once Posted: 28 Apr 2011 12:40 AM PDT GoldShark is a tool that allows you to compare what various dealers are willing to sell you coins/bars for - updated in real time. http://www.goldshark.com/ |
| Gold and Silvers Daily Review for April 27th, 2011 Posted: 28 Apr 2011 12:33 AM PDT Gold Forecaster |
| PRECIOUS-Gold strikes record as dollar wilts Posted: 28 Apr 2011 12:26 AM PDT Thu Apr 28, 2011 7:27am EDT * Spot gold hits record at $1,534.30 * iShares Silver Trust holdings fall by 1.8 percent * Coming up: U.S. Q1 GDP preliminary; 1230 GMT (Updates prices) By Rebekah Curtis LONDON, April 28 (Reuters) - Gold hit record highs on Thursday as the dollar's three-year low against a basket of major currencies attracted non-U.S. investors, after the United States signalled it would retain accommodative monetary policy. Spot gold XAU= ascended to a lifetime high of $1,534.30 an ounce, breaking records for the second straight session. It traded at $1,530.54 an ounce at 1116 GMT, up from $1,526.40 late in New York on Wednesday. U.S. gold futures GCcv1 also hit an all-time high at $1,535.1 an ounce, and trimmed gains to $1,531. The dollar index .DXY, a measure of the greenback's strength against a basket of major currencies, dipped to a three-year low after the U.S. Federal Reserve signalled no rush to reverse low interest rates in order to support economic recovery. [ID:nN26291565] [USD/] "Everything is dollar-related and safe-haven buying," said MKS Finance head of trading Afshin Nabavi. "The Fed decision was not really a surprise, nothing has changed, but the tone of the statement from Bernanke left the impression that it is going to be a while before any rate hikes will be considered." The weakening dollar has been a key driver behind gold's rally in recent weeks, alongside concerns over the ongoing crisis in the Middle East and North Africa region, sovereign debt problems in euro zone and rising inflation worldwide. nTOPMEAST more here: http://www.reuters.com/article/2011/...73R0X120110428 |
| Fed exit strategy questioned by markets Posted: 27 Apr 2011 10:15 PM PDT Roman Baudzus writes -- Gold futures prices increased yesterday due to concerns about rising inflation in the US, with many market participants believing that the Fed should be raising interest ... |
| Bernanke an economic voice of reason Posted: 27 Apr 2011 09:58 PM PDT Reading this opening line from a Seeking Alpha article "Ben Bernanke continues to be one of the only economic voices of reason in the United States" my first thought was the article was humorous. Not so, he is actually serious! It continues: Gold is economically irrelevant for the following reasons: 1. The pricing mechanism of gold is too easily manipulated by extremists. Gold is the investment vehicle of fear. 2. Gold is no longer a currency. Gold has no fundamentals. 3. Gold prices are transitory. This is a fad. 4. Bond prices, gold stocks, and core inflation suggest there is no imminent threat to the economy. This is the mainstream view, unfortunately. We are a long way off a bubble.  |
| Devises : l'Euro flambe après la Fed, le seuil de 1,50$ en vue... Posted: 27 Apr 2011 09:37 PM PDT La poursuite de la politique accommodante de la Fed a de nouveau affaibli le Dollar, retombé depuis hier au plus bas depuis trois ans face à un panier des principales monnaies mondiales. L'Euro notamment, s'est encore nettement raffermi pour atteindre ce matin 1,4865$, son plus haut niveau depuis 17 mois, après la décision de la Réserve fédérale américaine de maintenir ses taux directeurs proches de zéro "pour une période prolongée". Les tensions inflationnistes actuelles, liées à la hausse des prix des matières premières, devraient être "transitoires", a estimé Ben Bernanke, le président de la Fed, qui préfère donc continuer de stimuler l'économie américaine, dont il juge la reprise "modérée"... Lire |
| Posted: 27 Apr 2011 09:22 PM PDT New FDIC Crisis Notice Encourages Sheeple To Leave Their Savings And Checking Cash In Banks During Turmoil. "Emergency Unlimited FDIC Coverage Extended to Clearing Accounts Until 2013." -Jesse's Café Américain 3-26-11 "Someone brought this to my attention, as I had not heard of it. It is not so much what they are doing, but why now? With recovery supposedly at hand, and the financial crisis over thanks to Ben and Timmy, I wonder why they would enact unlimited FDIC coverage for what sounds like checking and commercial clearing accounts." "The only thing that occurred to me was that in the event of a bank run, it might be intended to prevent another short term credit seizure such as was experienced in the financial crisis. But why now? And why use FDIC to do take on this unlimited liability, far in excess of what it was intended to do? I doubt very much that this is designed to protect individuals per se, given the exclusions. Curious. Perhaps I am missing something here." Temporary Unlimited Coverage for Noninterest-bearing Transaction Accounts – FDIC "From December 31, 2010 through December 31, 2012, all non-interest-bearing transaction accounts are fully insured, regardless of the balance of the account and the ownership capacity of the funds. This coverage is available to all depositors, including consumers, businesses, and government entities. The unlimited coverage is separate from, and in addition to, the insurance coverage provided for a depositor's other accounts held at an FDIC-insured bank. A non-interest-bearing transaction account is a deposit account where: interest is neither accrued nor paid; depositors are permitted to make an unlimited number of transfers and withdrawals; and the bank does not reserve the right to require advance notice of an intended withdrawal." "Note: Money Market Deposit Accounts (MMDAs) and Negotiable Order of Withdrawal (NOW) accounts are not eligible for this temporary unlimited insurance coverage, regardless of the interest rate, even if no interest is paid." (Editor: This ploy is designed to fool the Sheeple into leaving large deposits in banks. This keeps banker system liquidity in play. If the banks crash, guess where your money goes? Later – here is an old description that probably fits the bill: "The FDIC's action is one aspect of its Temporary Liquidity Guarantee Program (TLGP). The full account coverage is aimed primarily at business accounts that need to keep larger balances for covering payrolls and meeting other business needs, but it extends to all non-interest-bearing transaction accounts, whether they are held by businesses or by individuals and households. The FDIC's goal is to help depository institutions retain such accounts, giving small and medium size businesses a reason to keep their balances with their current financial institutions. That helps institutions maintain their liquidity, and enhance their ability to make loans." "So it is a measure to prevent another seizure in the credit system in the event of a major bank failure triggering a financial crisis. Do you think it covered JPM's $22 billion bridge loan to AT&T for its purchase of T-Mobile? Do you think Goldman has a program to sweep all of their funds and their partners' personal money into accounts such as this at the first sign of trouble? Just as GE pays no taxes, expect Wall Street to take no pain, in the very troubles which they have caused. As bad as this has been, if you think the worst is over you are probably just being wishful, maybe a little naive. There is still some meat on your bones, and the wolves are insatiable." 'IMF TO SET-UP 580 BILLION DOLLAR ANTICRISIS FUND: (AGI) Washington – The International Monetary Fund will set up, next week, a 580 billion Dollar anti-crisis fund. "The greatest concern is the risk of contagion from Portugal," says a well informed source. IMF's top officer, Dominique Strauss-Kahn, will issue the fund, on the basis of the ratification announced on March 11 by the Nab (New Arrangement to Borrow). Last year, the Nab increased 10 times its initial 53 billion Dollars, thanks to the 13 new member countries." -Chuidi 3-25-11 AGI News Are Non-Essential Federal Government Departments Non-essential period? "What scares both the Dumb-O-Crats and GOP is if the government is unfunded (shut down) for too long. The longer a 'shut down' goes, the more it will be apparent to the voters that all that extraneous government is not necessary. While it will be more than just an inconvenience for the paychecks of some 800,000 'non-essential' employees to be left in limbo, the real danger is for the Sheeple to realize those government employees were always 'non-essential'. The back pay will eventually reach all those told to stay home (about 21 day's worth in 1995?). But, folks also got along just fine without all those extra government 'services', too. The longer the government is shut down; the better." -Northern Advisor         This posting includes an audio/video/photo media file: Download Now |
| US dollar heading for waterfall decline Posted: 27 Apr 2011 09:15 PM PDT From the GoldMoney Dealing Desk -- Precious metals have reacted bullishly to US Federal Reserve Chairman Ben Bernanke's press conference following yesterday's Federal Open Market ... |
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