» Business Currency
A Successful Test of Support
Dec. 1, 2008 In the last alert I referred to "the growing body of evidence" indicating that "the correction in gold that began after making a new record high in March above $1020 is ending." Importantly, this point is confirmed by the following monthly chart presenting gold's rate of exchange against the US dollar. To explain this key development in technical terms, after making a new record high this past March, gold retraced back toward its previous record (marked in the above chart by the dashed line). Gold did the same thing back in 1978 after breaking above $200 in July that year (marked by the red circle), its previous record high.. » read more
Ben's Helicopters are Here!
Dec. 1, 2008 The US Federal Reserve is increasing the monetary base at an unprecedented rate in response to the present deflationary asset crunch, following the longest running inflationary boom in the country's history. Newly printed dollars are being used to replace the capital losses of America's corporations. If it were possible to replace wealth simply by printing money, humanity would have eliminated poverty shortly after discovering the printing press. Instead, it always results in the same fate - destruction of the currency through the process of hyperinflation.. » read more
Max Keiser on Alex Jones -Comex Default in December Expect $2000 Gold in One Day!!
Nov. 27, 2008 Mad Max Keiser tells it like it is, Get ready! And a great article that explains it all http://www.financialsense.com/fsu/edi... » read more
Citigroup Sees Gold at $2,000 Next Year as World Unravels
Nov. 26, 2008 Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup. An employee of Tanaka Kikinzoku Jewelry K.K. displays a gold bar at the company's store in Tokyo Photo: Reuters The bank said the damage caused by the financial excesses of the last quarter century was forcing the world's authorities to take steps that had never been tried before.. » read more
8:50 EST, Nov. 22, Gold Officially Goes Into Backwardation
Nov. 22, 2008 This morning, gold officially went into backwardation for the first time since the announcement of the Washington Agreement in 1999, which sent gold shorts scrambling to find physical metal after the world's major central banks agreed to limit sales of gold going forward and ended the one-way trade to the downside in gold that had been in place in the late 1990s. We know gold is now in backwardation because the gold forward offerred rate (GOFO) has now gone negative. The 3M GOFO has fallen 12 bps to -0.07%, and the 1M GOFO has fallen 20 bps to -0.. » read more
Bimetallism: The Only Enduring Standard
Nov. 22, 2008 “This is the end of Western civilisation.” -- Lewis Douglas (US Budget Director), remark to James P. Warburg after President Roosevelt announced that the US was going off the gold standard, April 18, 1933 Douglas was wrong, of course. The end of Western civilisation had already come sixty years earlier, when the United States demonetised silver.. » read more
Dow Theory Letters
Thursday, November 20, 2008 Question -- Russell, I see December gold is up 12.80 this morning before the opening. But gold has been up every morning by $10-$15, yet it closes up only $2 or $3 if it's up at all. What's going on? Answer -- I have to think that one way or another gold is being manipulated by certain sources. What group would least want to see gold heading higher? My immediate answer is the Fed.. » read more
Doug Casey on Gold
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GOP Congressman to Taxpayers: Your Money is Not Yours
Michigan lawmaker trying to help Detroit makes stunning statement about tax dollars A Republican congressman seeking a $25 billion bailout of the troubled U.S. auto industry made a stunning statement about taxpayer funds to benefit Detroit, claiming, "It is not your money." Rep. Joe Knollenberg, R-Mich.. » read more
The U.S. Economy
From: xieu.ling <xieu.ling@yahoo.com.cn> Subject: [Iraq] Re: The US economy To: Iraq@yahoogroups.. » read more
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