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  • Why Has Gold Been Down? [View article]
    Barking....and yet maybe a few of the well - heeled with tons of money can start the herd moving in the right direction.
    Jan 7, 2012. 11:34 AM | 3 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    There are .1808 ounces of pure silver in a 1964 or earlier quarter. The melt value at spot is $5.18 as of 1/6/2012.

    What's interesting to me is that there is more than 4 times as much silver in a sliver dollar - .7735 ounces.
    Jan 7, 2012. 11:27 AM | 2 Likes Like |Link to Comment
  • Apparently unaware of the not just today headlines, but a long string of positive economic news, New York Fed chief Dudley remains worried about the economy. He says it's appropriate at this stage to consider more monetary easing along with further housing-market intervention. He outlines a number of steps to "solve" housing, all of which sound great sitting around a table in D.C.  [View news story]
    Good Lord....I can't even bring my self to read the novel of Dudley's speech. Could one of you summarize it for me? Thanks. LOL.
    Jan 6, 2012. 06:52 PM | 2 Likes Like |Link to Comment
  • Why Has Gold Been Down? [View article]
    What if MF global has forced many paper investors to rethink their position re: investment security and their response has been to sell paper and seek physical?
    Jan 6, 2012. 06:15 PM | 3 Likes Like |Link to Comment
  • Market recap: A better-than-expected monthly payrolls report wasn't enough to prevent another lackluster session for stocks, and financials failed to extend yesterday's leadership role. The euro stayed down after Sarkozy and Monti warned of possible splits on the debt crisis. Treasury yields rose, then sank, with the 10-year moving to 1.964%. NYSE losers led gainers seven to six.  [View news story]
    "Financials" and "Leadership Role" = Oxymoron
    Jan 6, 2012. 06:04 PM | 2 Likes Like |Link to Comment
  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market [View article]
    WEBMIND....except in the case of naked shorts. The bane of the Precious Metals markets.
    Jan 6, 2012. 05:51 PM | Likes Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    kwarren...we are in a balance sheet recession. People (and businesses) have problems with debt. They are trying to fix it by saving, and paying off debt, not spending. Saving doesn't make businesses sell things, so until people are willing to borrow to spend on stuff, the economy drags along. My guess is 4 - 5 years of stagnation unless the banksters try something goofy, then it could be longer.
    Jan 6, 2012. 05:07 PM | 2 Likes Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    Totally agree Avi. Bernanke can not force me to take on debt to buy stuff. Maybe he could force me to buy a new car if the prices dropped by 50%? So...go for it Ben. Course...that's really deflation isn't it.

    It has long been my gut feeling that the economy is more like an "equal and opposite reaction". You can push on onside of the balloon but the other side will respond accordingly. Thus...I think they really only have the illusion that they can control (some things).
    Jan 6, 2012. 05:03 PM | 3 Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    Bird-man: Yes !!! All you have to do is run a couple spread sheet scenarios to know that 1% GDP growth, a constant 16% for tax revenues and a 4-5% Federal spending growth will ensure deficits. Good luck bumping the GDP to 4%.
    Jan 6, 2012. 04:58 PM | 2 Likes Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    rpontius...and that is also (inflation requirement) the reason you have the banksters wanting to control monetary policy....thus the FED. Bernanke has stated he would never tolerate deflation.
    Jan 6, 2012. 03:29 PM | 3 Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    You pay those kinds of fees if you call a gold dealer. You get nothing if you go to a "We buy Gold" store.

    Find a local coin dealer and see what you get. I am paying ~$50 over spot for 1 ounce Gold Eagles.
    Jan 6, 2012. 03:22 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Utah is supposed to be doing pretty good too - at jobs/unemployment.
    Jan 6, 2012. 03:17 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article] left of "dude".
    Jan 6, 2012. 03:15 PM | 1 Like Like |Link to Comment
  • Silver Over $50 Coming Sooner Than You Think [View article]
    Debutant....there have been a number of interesting articles out there. Another one I read talks of the coming irrelevance that will be attributed to the futures markets as traders will abandon those markets perceived to be corrupt in favor of other avenues, such as the Ashanti quote, where they talk about large buyers of physical going directly to mines to secure supply.
    Jan 6, 2012. 03:14 PM | 1 Like Like |Link to Comment
  • Unmitigated Good News On Jobs [View article]
    From another SA article (quoting WSJ):

    "Tom Porcelli at RBC sent along this eye-catching chart which demonstrates why people might be having these doubts. It’s a chart of hiring in the sector known as “couriers and messengers,” a group that includes the elf workers that help deliver gifts to good girls and boys and coal to the naughty.

    You don’t have to look too hard at the chart to see what looks an awful lot like seasonality at work — these numbers spike every December and then fade immediately.

    Porcelli writes:

    What we find peculiar is that the BLS once again looks to have failed to properly adjust for the seasonal hiring of holiday couriers. This series is actually seasonally adjusted yet every December over the past few years we see a surge in hiring in this space followed by a rather large unwind in January. This year in particular, a sizeable 42k jobs were added meaning we should see about the same number fall out next month. Accounting for this anomaly, today’s +212k (private sector payroll gain) loses a bit of its luster."
    Jan 6, 2012. 01:29 PM | 2 Likes Like |Link to Comment