Gold World News Flash |
- Crude Oil May Break with Broader Trends as US - Iran Tensions Mount
- GoldSilver Radio - Mike Maloney - Gold & Silver Insights
- Silver Update 1/3/12 By Their Fruits
- Gold Resolutions For 2012
- Richard Russell - Why Unemployment Will Rise Above 25%
- "Stagnation" a Threat to Golds Bull Market as Indian Demand Falls 56%...
- Message to Congress - Cut Your Own Pay
- Gold Seeker Closing Report: Gold Gains Over 2% and Silver Surges 7%
- Gold Daily and Silver Weekly Charts – Big Rally From Year End Mark-To-Market Boogie Woogie
- The Dollar Vigilante's Outlook for 2012
- Peter Schiff: Now’s the Perfect Time for a Gold Rally
- Lars Schall: An exercise in futility -- Thank you for contacting the New York Fed
- Silver Update: 1/3/12 By Their Fruits
- Peter Schiff: Now’s the Perfect Time for a Gold Rally
- Some Gold Stocks Are Bouncing Back
- Silver Fibonacci Price Update 01.03.2012
- Harvey Organ's Daily Gold & Silver Report
- Negativity In Gold Reaches Epic Levels
- Is Gold Washed Up?
- Gold Resistance Extends to 1630/40
- The Gold Price Met Stout Resistance at $1,605 to Close Today at $1,599.70
- Everything Not Mandatory Is Prohibited
- John Embry - Gold Will Not Trade Below $1,500 Ever Again
- Jim Sinclair: Negativity In Gold Reaches Epic Levels
- Embry and Sinclair dispel the depression in the gold sector
- The Impetus for Gold Mania Phase
- Gold and Silver Major Bottom
- Math Vindicates S&P U.S. Debt Downgrade
| Crude Oil May Break with Broader Trends as US - Iran Tensions Mount Posted: 03 Jan 2012 08:13 PM PST courtesy of DailyFX.com January 04, 2012 01:04 AM Crude oil may deviate from larger risk appetite trends amid mounting tension between the US and Iran. Gold looks to the US Dollar for direction cues. Talking Points [LIST] [*]Crude Oil May Deviate from Sentiment Trends as US-Iran Tensions Rise [*]Gold Looks for US Dollar Reaction to Euro Crisis, US Data to Guide Prices [/LIST] WTI Crude Oil (NY Close): $102.96 // +4.13 // +4.18% Crude oil prices followed shares higher as expected yesterday on the back of a broad-based recovery in risk appetite. This time around, a pullback appears likely as S&P 500 stock index futures trade lower in early European trade, suggesting sentiment is souring anew. Investors’ anxiety comes as Eurozone debt crisis fears creep back into focus ahead of a pair bond auctions in Germany and Portugal. Later in the day, the spotlight will shift to US Factory Orders figures, which may prove to counter-balance selling pressure as expectations of the strong...
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| GoldSilver Radio - Mike Maloney - Gold & Silver Insights Posted: 03 Jan 2012 07:39 PM PST GoldSilver Radio interviews precious metals investment expert & author of the #1 best seller book in the industry "Guide to Investing in Gold & Silver"
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| Silver Update 1/3/12 By Their Fruits Posted: 03 Jan 2012 07:03 PM PST
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| Posted: 03 Jan 2012 06:41 PM PST Graceland Update
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| Richard Russell - Why Unemployment Will Rise Above 25% Posted: 03 Jan 2012 06:33 PM PST Man-made money is ultimately doomed. Gold will be the last man standing as it has been over thousands of years.
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| "Stagnation" a Threat to Golds Bull Market as Indian Demand Falls 56%... Posted: 03 Jan 2012 06:17 PM PST Bullion Vault
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| Message to Congress - Cut Your Own Pay Posted: 03 Jan 2012 04:10 PM PST The most commonly used term to describe the U.S, Congress is "dysfunctional". Over at the The Fix, they posted a telling chart created by Senator Michael Bennet comparing Congress' 9 % approval rating to unpopular people, things and ideas. "U.S. going communist" received an 11 percent approval rating and a recent Gallup poll reported 11 percent of people found polygamy "morally acceptable." The failure of the Super Committee made it crystal clear that Congress has no intention of doing anything about the budget deficit until after the 2012 elections. The deadlock over whether to extend the payroll tax cut makes it impossible for businesses to make plans to use this savings in ways that could expand the economy. Rather than dealing with the budget and jobs deficits, Congress simply kicks the can down the road and exacerbates the problems hurting the economy. Given the uncertainty about the future caused by the gridlock in Washington, is it really surprising that business owners are holding on to their cash and the economy is failing to grow despite trillion dollar annual budget deficit stimulus? Read more.... 
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| Gold Seeker Closing Report: Gold Gains Over 2% and Silver Surges 7% Posted: 03 Jan 2012 04:00 PM PST Gold soared to as high as $1607.28 by late morning in New York before it fell back off a bit in early afternoon trade, but it still ended with a gain of 2.53%. Silver surged to as high as $29.722 and ended with a gain of 7.12%.
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| Gold Daily and Silver Weekly Charts – Big Rally From Year End Mark-To-Market Boogie Woogie Posted: 03 Jan 2012 03:54 PM PST from Jesse's Café Américain:
But it is too soon to say for sure. I have drawn a short term downtrend line on the gold chart that is a 'must take' for the bulls. If they can take it out, that's a nice bull flag there on the chart that gets activated. Non-Farm Payrolls report on Friday and the Euro-whiz kids meet again on the 9th to puzzle through their Gordian knot of a currency and political system. I read the book Currency Wars by Rickards over the holiday. It was interesting, and is worthwhile for those not familiar with the money and metals markets. His history of the currency wars and old is enlightening. There is not as much 'meat on the bone' in this book as there was in Econned for example, and it is an easier read, but Rickards knows what he is talking about and says his piece well. Read More @ JessesCrossRoadsCafe.Blogspot.com
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| The Dollar Vigilante's Outlook for 2012 Posted: 03 Jan 2012 03:51 PM PST from DollarVigilante.com:
It's been 54 full revolutions since Ayn Rand wrote Atlas Shrugged – from whence the above quote comes. And, the evils that she felt were responsible for society's downfall in the 1950s have only grown stronger. In fact, the military industrial complex was only gaining critical mass at the time. It had not yet become the murderous behemoth that has grown into a parasitic bureaucracy. Even the dollar was still linked to a makeshift gold standard under Bretton Woods – a system under which the US government pretended its currency was still gold redeemable, even though it had been a quarter of a century since American tax slaves (citizens) were last allowed to use gold as money. Read More @ DollarVigilante.com
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| Peter Schiff: Now’s the Perfect Time for a Gold Rally Posted: 03 Jan 2012 03:45 PM PST |
| Lars Schall: An exercise in futility -- Thank you for contacting the New York Fed Posted: 03 Jan 2012 03:34 PM PST 11:26p ET Tuesday, January 3, 2012 Dear Friend of GATA and Gold: The German journalist Lars Schall tonight recounts his recent futile efforts to get the central banking and treasury agencies of the U.S. government to answer questions about their likely involvement with the gold reserves of Germany and about their involvement in the gold market generally. If only mainstream financial journalists had the same interest in the issue and the stamina to challenge the unaccountability. In any case Schall's efforts add to the evidence that the U.S. government and the German government have many gold secrets. Schall's commentary is headlined "An Exercise in Futility: Thank You for Contacting the New York Fed" and it's posted at his Internet site here: http://www.larsschall.com/2012/01/04/an-exercise-in-futility-thank-you-f... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sonora Aims to Follow First Majestic's Success Sonora Resources (OTCBB: SURE) is a silver mining exploration company focused on the development of prospective opportunities in Mexico. The company president and CEO is Juan Miguel Rios Gutierrez, who helped build First Majestic Silver Corp., which began trading for pennies and today is at more than $16 per share. Gutierrez was the fourth person to join First Majestic Silver, originally as general manager, then manager for new business initiatives and strategic planning. He left First Majestic Silver to work with Sonora Resources and yet maintains strong contacts with First Majestic. In fact, First Majestic is a large shareholder in Sonora and has a joint venture with the company. For more information about Sonora Resources, please visit: http://www.SonoraResources.com Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing gold and silver commemorative coins: https://www.amsterdamgold.eu/gata/index.asp?BiD=12 Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon: Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Golden Phoenix Signs Definitive Agreement Company Press Release SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation. Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher. Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine. Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status." For Golden Phoenix's complete statement, please visit: http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...
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| Silver Update: 1/3/12 By Their Fruits Posted: 03 Jan 2012 03:31 PM PST |
| Peter Schiff: Now’s the Perfect Time for a Gold Rally Posted: 03 Jan 2012 01:54 PM PST Schiff says he's "more optimistic about gold" this year than he's ever been & says all the shorts & newly turned gold bears will miss the imminent rally.
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| Some Gold Stocks Are Bouncing Back Posted: 03 Jan 2012 01:50 PM PST Dear CIGAs, The most recent interview with Ellis Martin of www.ellismartinreport.com is titled "Some Gold Stocks Are Bouncing Back." In this interview we further discuss my outlook for 2012. Continue reading Some Gold Stocks Are Bouncing Back
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| Silver Fibonacci Price Update 01.03.2012 Posted: 03 Jan 2012 01:48 PM PST Silver price chart patterns fibonacci retracement
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| Harvey Organ's Daily Gold & Silver Report Posted: 03 Jan 2012 01:37 PM PST The Fun Begins
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| Negativity In Gold Reaches Epic Levels Posted: 03 Jan 2012 01:20 PM PST Jim Sinclair's Mineset My Dear Friends, The incoming negativity on gold last week reached epic levels. Friends of mine and gold for more than 40 years were looking for a towel to throw into the gold ring. When fear overtakes your intellect and you call, it is like molten magma spewing out of the phone or email. If I dared to remind the caller that nothing has changed except the algorithms and then only for the short period of time I made the caller angry. I will admit anger is better than total depression but there is no necessity for either. The advent of splinter parties to challenge the staid old Democrats and Republicans has put Washington into a total freeze frame. There is no mandate for anything, but don't rock the boat. All that can get done there is nothing whatsoever. All the "can kicking" hopes for a strong economic recovery to heal the can bouncing damage have not and will not materialize. The Fed will not let the euro fail. Already the...
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| Posted: 03 Jan 2012 11:51 AM PST Bill Bonner View the original article. January 03, 2012 12:30 PM A stitch in time… Okay… We have left 2011 behind. We are rid of it forever. It won't come back. Never. Not even if the universe lasts a million years, we will never see it again. Or will we? One of the intriguing discoveries of 2011 came the giant particle accelerator in Switzerland. Those clever scientists set up a race, from Geneva to a finish line in Italy, 730 kilometers away. It was a race of neutrinos against light. Who do you think won? The smart money was on light. Einstein said it was the fastest thing in the cosmos. Nothing could be faster, he believed. That's why planets are "light years" from Earth. For example, other scientists discovered a couple of distant planets — many light years away — that were about the right size and the right distance from their star. They could have liquid water…and water-based life. But what we "see" of these planets is already 950 years old. That's how lo...
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| Gold Resistance Extends to 1630/40 Posted: 03 Jan 2012 11:51 AM PST courtesy of DailyFX.com January 03, 2012 10:33 AM Daily Bars Prepared by Jamie Saettele, CMT My last comments were that “he spike under the September low probably cleared the market of weak longs so beware of a pop into 1600 before sellers return.” Price has reached 1600 but a closer examination of the technical evidence suggests that stronger resistance may not come in until 1630/40. This level is defined by the 20 and 200 day averages, 12/21 high, and channel resistance. Other TA Articles...
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| The Gold Price Met Stout Resistance at $1,605 to Close Today at $1,599.70 Posted: 03 Jan 2012 11:39 AM PST Gold Price Close Today : 1599.70 Change : 33.90 or 2.2% Silver Price Close Today : 2953.30 Change : 165.80 cents or 5.9% Gold Silver Ratio Today : 54.167 Change : -2.006 or -3.6% Silver Gold Ratio Today : 0.01846 Change : 0.000659 or 3.7% Platinum Price Close Today : 1435.00 Change : 41.65 or 3.0% Palladium Price Close Today : 667.25 Change : 17.75 or 2.7% S&P 500 : 1,277.06 Change : 19.46 or 1.5% Dow In GOLD$ : $160.20 Change : $ (1.08) or -0.7% Dow in GOLD oz : 7.750 Change : -0.052 or -0.7% Dow in SILVER oz : 419.78 Change : -18.52 or -4.2% Dow Industrial : 12,397.38 Change : 179.82 or 1.5% US Dollar Index : 79.62 Change : -0.434 or -0.5% Let's start by saying that the GOLD PRICE rose $33.90 (2.2%) to $1,599.70 and the SILVER PRICE rose 165.8c (5.9%) to 2953.3c. Somebody made a big deal to me about silver's rise, so I went back over the last year to see how often that sort of thing had happened and what was its outcome. In the last year, SILVER has risen 5% or more on seven occasions. In six of those seven cases, three days later silver was flat or lower, as much as 6.7%. In only one case (July 2011) was silver higher three days later. But of course, that only works until it doesn't work any more. More to the point -- given the strength and enthusiasm of today's rise -- is silver's recent behavior at new lows. It sells off hard, runs all the scaredy-cats out of the market, and then does a complete about face. The last four rallies, as SB pointed out to me, began after silver failed to follow through on a new low. Thus I am content to ride higher with silver a while, although I am by no means persuaded that silver's travails are over. That is, even though it may have made a bottom that holds, more scares will follow. Also, that GOLD/SILVER RATIO chart does not look to me as if it has completed its upward move. On the other side, my Secret J.B. Proprietary Indicator flashed positive on 29 December. Sometimes it takes the JBI a while to pan out, but it usually proves right. The GOLD PRICE met stout resistance at $1,605 (high today hit $1,607) and closed pennies under $1,600. Look for it to challenge $1,625 tomorrow. The Great Barrier of Believability, however, awaits at $1,671 and the 150 DMA. It should at least reach that level. SILVER may temporize tomorrow as it wrestles with its 20 DMA at 2993c and the psychological barrier of 300c. Likely targets are the 50 DMA (3196c) and the 300 DMA (3409c). What I am most closely watching is how silver will act at 3050c when it hits that big downtrend line from the September highs. It must leap that big hurdle first, or nothing else will happen. If stocks faint, silver will diverge downward from gold. From somewhere a huge burst of enthusiasm has entered the silver and gold markets. It will run hog-wild a while, then we'll see what gains can be held. More I thought about my statement on Friday last about the good folks abundantly left in this country, more I realized I had left something out about the rule of law. Many laws make bad government. When the law is written on a people's heart, it need not be written in books. If the law is not written on their hearts, no multitude of laws and lawyers will maintain the rule of law. Written laws don't make people better, they make them behave. Well, if you don't like the markets, stick around. They're bound to change, and sometimes, like today, with a bang. Trouble is, sometimes we're hard of hearing. Dow today pierced 12,300, rising 179.82 (1.47%) to 12,397.38. I reckon if you twist a rope, you hang by that rope, so I will hang. That close suggests that stocks will reach 12,600 before they stop. Sorry, I don't reckon they can reach higher than that, unless the Bernancubus and Obamaramus can walk on water. S&P 500 rose 1.55% (19.46 points) to 1,277.06. Not even the White House Dimwit-in-Chief trying to pick a war with Iran could keep those stocks down today, but something gave the US dollar index heartburn. It fell 43.4 basis points (0.56%) to 79.62, and is right on its uptrend line. If 76.50 fails to hold, dollar will land at 78. Scabby euro rose 0.7% to 1.3052, rising up to the downtrend line. 20 DMA stands above at 1.3121. Japanese yen made good it's breakout from last week, closing above overhead resistance (the lower boundary of the trading channel established in August, September, and October). Rise could take the yen to 132, if the Japanese Nice Government Men don't draw out their Samurai swords of manipulation first. Closed 130.47c/Y100 (Y76.65/$1). The law is written on our people's hearts -- I see that every day in the way they do business. But if you go to court to seek justice and the rule of law, well, like Dante warned those descending into hell, "Abandon hope, all ye who enter here!" Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. 
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| Everything Not Mandatory Is Prohibited Posted: 03 Jan 2012 11:38 AM PST January 3, 2012 [LIST] [*]40,000 new laws: The 5 rings in 2012 [*]Stocks, gold, oil, gold stocks, all rally big: Amoss on why gold stocks remain a bargain [*]The $2.8 trillion pig in a python: Chris Mayer’s call on the end of the rally in U.S. Treasuries [*]More reader reflections on child labor laws... a challenge to “shape up and tell the truth”... and more! [/LIST] The sale, trade and distribution of shark fins are now banned in California. Daily drink specials — i.e., happy hour — have been banned in Utah. Volunteer Little League and Pop Warner Football coaches in Colorado must now undergo annual training. Georgia set new safety requirements for golf carts driven on streets. Welcome to 2012 — Maybe the Mayans were onto something It’s not that the 40,000 new laws — state and federal — that hit the books yesterday for the first time are outrageous... it’s the sheer quantity that’s ...
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| John Embry - Gold Will Not Trade Below $1,500 Ever Again Posted: 03 Jan 2012 10:51 AM PST "I do think there is a strong probability that the end of 2011 marked the bottom for gold & silver & that may be the lows that will ever be seen."
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| Jim Sinclair: Negativity In Gold Reaches Epic Levels Posted: 03 Jan 2012 10:40 AM PST Gold will bounce off $2100 and react. Try to keep an even course as Alf is right. Gold has a better chance of seeing $4500 than $1400.
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| Embry and Sinclair dispel the depression in the gold sector Posted: 03 Jan 2012 09:45 AM PST 5:37p ET Tuesday, January 3, 2011 Dear Friend of GATA and Gold: Sprott Asset Management's John Embry today tells King World News that gold is unlikely to see $1,500 ever again, that the demoralization of even longtime gold investors is a sign of a bottom, that the precious metals remain the safest place in the world economy, and that oil seems to be breaking upward on geopolitical worries. An excerpt from the interview is headlined "John Embry: Gold Will Not Trade Below $1,500 Ever Again" and it's posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/3_Joh... Meanwhile tonight mining entrepreneur and market analyst Jim Sinclair tells a similar story of despair in the gold sector, tells people to buck up, and says gold is more likely to get to $4,500 before $1,400. Sinclair's commentary is headlined "Negativity in Gold Reaches Epic Levels" and it's posted at JSMineSet here: http://www.jsmineset.com/2012/01/03/negativity-in-gold-reaches-epic-leve... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Golden Phoenix Completes Operating Agreement Golden Phoenix Minerals Inc. (GPXM) has entered a joint venture operating agreement with Silver Global S.A., a Panamanian corporation, governing the operational and management aspects of their new joint venture company, Golden Phoenix Panama S.A., a Panamanian corporation formed to hold and operate the Santa Rosa gold mine in Canazas, Panama, and explore the mine's adjacent property. Golden Phoenix will be manager of the joint venture company. Silver Global will handle all social programs, political and community relations, and human resource matters for the joint venture company in Panama. Golden Phoenix and Silver Global also have agreed to work together on all future acquisitions within Panama and to bring such new opportunities to the joint venture company. Golden Phoenix will be earning in to a 60 percent interest (and potentially an 80 percent interest) in the Santa Rosa mine. Upon signing the joint venture agreement and completing the corresponding acquisition payment, Golden Phoenix will earn an initial 15 percent interest in the joint venture company. Tom Klein, CEO of Golden Phoenix, says the agreement "creates a solid foundation for the development and planned re-opening of Mina Santa Rosa." For Golden Phoenix's full statement on the joint venture operating agreement, please visit: http://goldenphoenix.us/press-release/golden-phoenix-completes-joint-ven... Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing gold and silver commemorative coins: https://www.amsterdamgold.eu/gata/index.asp?BiD=12 Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon: Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Sonora Aims to Follow First Majestic's Success Sonora Resources (OTCBB: SURE) is a silver mining exploration company focused on the development of prospective opportunities in Mexico. The company president and CEO is Juan Miguel Rios Gutierrez, who helped build First Majestic Silver Corp., which began trading for pennies and today is at more than $16 per share. Gutierrez was the fourth person to join First Majestic Silver, originally as general manager, then manager for new business initiatives and strategic planning. He left First Majestic Silver to work with Sonora Resources and yet maintains strong contacts with First Majestic. In fact, First Majestic is a large shareholder in Sonora and has a joint venture with the company. For more information about Sonora Resources, please visit: http://www.SonoraResources.com
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| The Impetus for Gold Mania Phase Posted: 03 Jan 2012 09:24 AM PST For gold to rise to levels significantly higher than the recent high of $1920, a new impetus is needed. Without additional energy from such an impetus, gold could just trade sideways for a very long time, or even fall further. See the following chart (from barchart.com):
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| Posted: 03 Jan 2012 09:18 AM PST Several Wall Street firms have recently published their gold price forecasts for 2012. Goldman Sachs predicts the price of gold will peak at $1,900 per ounce and average $1,810 per ounce in the coming year. Goldman attributes its bullish gold price outlook to further net buying by central banks and strong physical demand from investors, the ongoing negative real interest rate environment in the U.S., and continued European sovereign debt and global recessionary concerns.
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| Math Vindicates S&P U.S. Debt Downgrade Posted: 03 Jan 2012 09:04 AM PST Standard and Poor’s has been greatly vilified for their call to lower the U.S. credit rating to AA+ from AAA. The evidence, naysayers point to, for their justification of excoriating S&P is the performance of Treasuries since the downgrade occurred. Indeed, U.S. debt yields have fallen and the dollar has increased in the five months after being stripped of AAA.
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It appears that the theory that the big shorts were slamming down gold and silver into the year end *might* be valid, given the huge rally today.
"When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft then by work, and your laws no longer protect you against them but protect them against you….you may know that your society is doomed"–Ayn Rand| You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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