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goldmember steve

goldmember steve
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  • A Mystifying Rate Cut By The Reserve Bank Of Australia [View article]
    News Headline reads: Australian Families To Pay For Swan's 2013 budget................... http://bit.ly/19nFOdi
    May 14, 2013. 10:08 AM | Likes Like |Link to Comment
  • A Mystifying Rate Cut By The Reserve Bank Of Australia [View article]
    Australian Federal Budget Tuesday evening 14th May 2013. http://yhoo.it/16x067n
    May 14, 2013. 09:36 AM | Likes Like |Link to Comment
  • The Reserve Bank of Australia cuts rates for the seventh time in 18 months, taking the benchmark cash-rate down 25 basis points to a record low 2.75%, surprising some forecasters who expected the rate to remain unchanged. At 2.5%, inflation in Australia is within the central bank's target range and the strong aussie has weighed on mining companies who say it undermines their export competitiveness. The aussie (FXA) fell by more than half a cent against the dollar following the announcement. [View news story]
    As I posted in another I will post here also..................... RBA of Australia is now taking the leadership it would seem, doing the heavy lifting in regards to the economy. Australian lead Government by Ms Gillard should have been stimulating the economy encouraging business and private enterprise instead her greedy and irresponsible Government have been wrecklessly borrowing more and more money whilst increasing taxes from almost every private sector and every private citizen. RBA knows the Australuan enconomy soon will be in potential crisis if they dont act and act quickly. Of course now the retail banks need to pass on rate cuts to the public and business which they have been loathe to do in full over the past 18months. The Australian economy is no longer riding on the resource boom of previous years, the Socialist left Government is now only just waking up to the fact after they , the Government have promised social monetary giveways to the public and have now renigged on their promise as ABC news in Australia now reporting "A key component of last year's federal budget, a boost in family payments linked to the Minerals Resource Rent tax, has been dumped. The Finance Minister Penny Wong says it is a regrettable decision but defends it, saying it is responsible given the economic circumstances" . Still this hen house Government lead by headless chooks will still crushingly tax the public and business as well as introduce more and more red tape as they have done over the last few years. Big Government needs to get their snouts out of every day lives of the people so the people can make things work. Wake up Socialist Australian Government you can no longer take the credit and accolades for what private enterprise has achieved and you are destroying. God save Australia.
    May 7, 2013. 05:18 AM | 1 Like Like |Link to Comment
  • A Mystifying Rate Cut By The Reserve Bank Of Australia [View article]
    The RBA of Australia is now taking the leadership it would seem, doing the heavy lifting in regards to the economy. Australian lead Government by Ms Gillard should have been stimulating the economy encouraging business and private enterprise instead her greedy and irresponsible Government have been wrecklessly borrowing more and more money whilst increasing taxes from almost every private sector and every private citizen. RBA knows the Australuan enconomy soon will be in potential crisis if they dont act and act quickly. Of course now the retail banks need to pass on rate cuts to the public and business which they have been loathe to do in full over the past 18months. The Australian economy is no longer riding on the resource boom of previous years, the Socialist left Government is now only just waking up to the fact after they , the Government have promised social monetary giveways to the public and have now renigged on their promise as ABC news in Australia now reporting "A key component of last year's federal budget, a boost in family payments linked to the Minerals Resource Rent tax, has been dumped. The Finance Minister Penny Wong says it is a regrettable decision but defends it, saying it is responsible given the economic circumstances" . Still this hen house Government lead by headless chooks will still crushingly tax the public and business as well as introduce more and more red tape as they have done over the last few years. Big Government needs to get their snouts out of every day lives of the people so the people can make things work. Wake up Socialist Australian Government you can no longer take the credit and accolades for what private enterprise has achieved and you are destroying. God save Australia.
    May 7, 2013. 03:26 AM | Likes Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    Thankyou Drew. I choose to decline your kind offer as I far more important things to do.
    Apr 15, 2013. 03:58 PM | Likes Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    Yes well thats a very impressive little list you got there Drew. So people are supposed to sit quietly in the corner, not be allowed to speak because some have a bigger guns (metaphore) and friends then every one else, maybe another name for that is called intimidation. Are you saying democracy is supposed to be put on hold because some dont like what is being said? Now Drew as I understand it if an individual came along and made wild comment/claims on a site such as this then that individual should be allowed to crash and burn as a nut job, however the likes of you who has had the percieved affect of threating has just made me believe more. Wow just wish I had million bucks so I could buy more of the physical shiny yellow and silver stuff.
    Apr 15, 2013. 03:31 PM | 1 Like Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    Another for you Drew,

    Exert KWN interview---
    On the heels of another cascade of selling in gold and silver, today whistleblower Andrew Maguire told KWN that a stunning 155 tons of paper gold was sold in just one hour. Maguire also spoke KWN about the remarkable amount of central bank buying which took place during that chaotic one hour time frame. Below is what Maguire had to say in this remarkable and exclusive interview

    http://bit.ly/ZsZfNc
    Apr 15, 2013. 03:07 PM | Likes Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    :-) Wow must have hit a nerve :-)
    Apr 15, 2013. 03:01 PM | 1 Like Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    By all means Drew, I have nothing to hide. So you saying, first one is ment to be fearful of the markets and the other fear is the freedom of speech, mmmmmmmm!!! As for underwear? I have a fairly good constitutuion :-) Please find exert from Gold core by Mark O'Byrne: "It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by the Gold Anti Trust Action Committee (GATA). The motive would be both to profit and also to allow them to close out their significant short positions at more advantageous prices and possibly even go long in anticipation of higher prices in the coming weeks.

    Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories.

    The plunge in New York Comex’s gold inventories since February is a reflection of increased demand for the physical metal and concerns about counter party risk with some hedge funds and institutions choosing to own gold in less risky allocated accounts.

    Comex gold bullion inventories have slumped 17% already in 2013, falling to just 286.6 metric tons of actual metal on April 11, the lowest since September 2009.

    This means that futures speculators on Friday sold a significant amount of more paper gold, in an hour or two, then the entire COMEX physical gold bullion inventories.

    Interestingly, the drop in Comex inventories would be the biggest for a whole year since 2001, when bullion began its secular bull market.

    Absolutely nothing has changed regarding the fundamentals of the gold market and bullion owners are advised to again focus on the long term and the vital diversification benefits of owning gold over the long term.

    Although some Federal Reserve policy makers said that they probably will end their $85 billion monthly U.S. bond purchases sometime in 2013. The key word is ‘probably’ and it remains unlikely that the Federal Reserve will stop their debt monetisation programmes any time in 2013 or even in 2014. End exert
    Apr 15, 2013. 02:52 PM | 2 Likes Like |Link to Comment
  • Commodities Have (Almost) No Place In Your Portfolio [View article]
    Buy physical gold and silver on the dips and keep it safe........this is a nice big dip, but not for long :-)
    Apr 15, 2013. 12:55 PM | 2 Likes Like |Link to Comment
  • "OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%[View news story]
    Oh you poor suckers. Bernanke and his cronie friends, the big bankers have duped you all. All they want is the little guys (us) to lose faith in gold and silver so those greedy $#@!s can buy it cheaply for themselves. Not to mention China, Russia and the East are rubbing their hands together greedily at this very moment as they are slurping up all the gold and silver cream that is now being thrown away and spilling into the market by the likes of you disheartened Western investors. In less then a month gold will rebound with a vengence and all those who have lost the faith and sold will be whaling and nashing their teeth and crying out "if only , if only I had kept it " as gold shoots back up past $1900 and silver past $50 and beyond...........You will remember this post and you will eat your very sorry words. But saying that good luck to you all because you are going to need it. :-) For those who have eyes to see whats really going on outside the box, keep buying physical gold and silver at these fantastic prices before its completly unobtainable and before the East steals it at these prices from the West. chching $$$$chchin$$$$ chching$$$$
    Apr 15, 2013. 12:37 PM | 3 Likes Like |Link to Comment
  • Australia's Fortescue joins rivals BHP and RIO in announcing slashed capital spending plans amidst sliding demand and pricing for iron ore. The move comes just days after the company's CEO said all was well in the business and the company expected to triple production within a year. Shares fell 4.2% in Sydney. [View news story]
    Gee the Australian Carbon tax .........just what this country needed to help with a strong economy (sarcasm).........we have a foolish leaders in this country
    Sep 4, 2012. 12:54 PM | Likes Like |Link to Comment
  • Australia faces a growing risk of recession in 2013, thanks to a scaling back of the mining boom, says Deutsche Bank, warning of "dangerously complacent" policymakers (indeed, see the RBA minutes from last night). Look for the terms of trade - the difference between what the country pays for imports vs. what it receives for exports - to collapse 15% this year. The aussie, meanwhile, continues along near a 30-year high.
     [View news story]
    Those policy makers!!!! A couple of their names are Julia Gillard (Prime Minister of Australia) and Treasurer Wayne Swan who belong to the socialist Labor Government, they have been hell bent on introducing the so called carbon tax, a tax is a tax by any other name is still a tax to stiffle business, they have failed to see the mining boom will not last for ever. What good is a big tax when you have helped kill the cash cow you get your monetary milk from. OMG!!
    Aug 21, 2012. 09:23 AM | Likes Like |Link to Comment
  • Sell your gold and buy a house, hire workers, buy grains, or send a kid to college, writes Peter Tasker, noting the price of the metal is at multi-generational highs against these items. Recent financial instability has failed to budge the price, he says, meaning the bull market may be over and gold is back to being just another risk asset. [View news story]
    I dont care if its Bush or the man from the moon. Obama is in control now and hes just as wreckless as any body before him.
    Aug 7, 2012. 01:14 PM | 2 Likes Like |Link to Comment
  • Sell your gold and buy a house, hire workers, buy grains, or send a kid to college, writes Peter Tasker, noting the price of the metal is at multi-generational highs against these items. Recent financial instability has failed to budge the price, he says, meaning the bull market may be over and gold is back to being just another risk asset. [View news story]
    Haha OK then tell Obama, Benanke and the Eurpean crowd to stop devaluing fiat currencies world wide by wreckless monetary printing.
    Aug 7, 2012. 10:00 AM | 3 Likes Like |Link to Comment
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