joe Switzerland

Wells Fargo Swoops in on Wachovia: Days of 'Something-for-Nothing' Likely Over

Look out as ordinary people pull their deposits from Wacho this week following the injunction issued in New York. With the problems developing over the last 24 hours in Europe, Cash, and I mean green bills in hand as scary as that sounds, is king. The psychology on the street in America (just got back from Europe on THursday) is absolutely frightening!!

Gold's Golden Run All Set to Continue

I do not agree with your analysis. Right now, Gold is linked to Dollar & Oil. If Dollar strengthens, then Oil and Gold go down. I believe we are nearing close-term peak oil with China's y-on-y imports up near 20%. That extra oil has to come from somewhere, and it is being wrung out of the Market with the higher price. And if there is an oil bubble, a burst would take it down to 50-60 dollars, not 120-140. Just 6 months ago 120 oil would have been unthinkable.

Also check BHP's Iron ore new contract price with Baosteel, up 96.5% y-on-y.

Gold is coming out of the woodwork in the US, just see the ads to buy gold on TV. Refinery runs up considerably, not so with silver.

Absurd Accounting Rules and $5 Trillion Off Bank Balance Sheets

Welcome to Japan Banks circa the 1990's. THe only difference is that the Fed/Congress/Administr... are inflating the dollar to get out of this mess... which leads to more problems... Welcome to Zimbabwe??