Huge raid on gold and silver/large silver deliveries/entering February gold delivery month:

Daily MUST READ...From Harvey Organ's Daily Gold and Silver Report.

Huge raid on gold and silver/large silver deliveries/entering February gold delivery month:

I am now going to emphasize this to everyone:  please do not use any leverage in your investments with respect to gold and silver.  You can buy silver and gold on these dips but do not leverage your bet as the banker gangsters will separate you from your hard earned dollars. You are going to see a big disconnect between the paper gold and silver and the real physical stuff.  The end game is being played out due to the global rush into these precious metals instead of trusting paper.

 

Budget Chief: U.S. Debt Could Engulf Economy 

 

Housing Recovery May Take Five Years or More: Report

M2 Surges By Biggest Weekly Amount Since 2008 As It Hits Fresh All Time Record

Submitted by Tyler Durden on 01/27/2011 17:42 -05

Desperation kitchen sink anyone? The M2, which up until now was merely diagonal, is about to go parabolic. In the week ending 1/17/2011, Seasonally Adjusted M2 surged by $46.6 billion, the biggest weekly increase in the broadest tracked monetary aggregate (ever since the cost-cutting associated with discontinuing the M3) since 2008. One look at the chart below indicates precisely what is fueling the endless market ramp. Furthermore, for those who realize there is a 93% correlation between M2 and gold, we would certainly recommend putting on the M2/Gold convergence trade on.

Sarkozy Goes Postal On Jamie Dimon, Says Bankers Made World Into Madhouse

Submitted by Tyler Durden on 01/27/2011 17:08 -0500

"The world has paid with tens of millions of unemployed, who were in no way to blame and who paid for everything. It caused a lot of anger. Too much is too much. The world was stupefied to see one of five biggest U.S. banks collapse like a house of cards. We saw that for the last 10 years, major institutions in which we thought we could trust had done things which had nothing to do with simple common sense. That's what happened... There is an ocean between flexibility and the scandal we saw.  So if people present me as obsessed with regulation, it's because there is a need for regulation. I don't contest the principle of securitisation, but when one offshore country guaranteed 700 times its GDP, are we in the market economy or in a madhouse? Bonuses don't bother me, provided there are also ... draw-downs when there are losses. When things don't work, you can never find anyone responsible. Those who got bumper bonuses for seven years should have made losses in 2008 when things collapsed." - Nicolas Sarkozy

Chris Martenson Interview With Jim Rogers: Why Inflation Is Raging Worldwide And He's Shorting US Treasury Bonds

 

 

In The News Today

Posted: Jan 27 2011     By: Jim Sinclair      Post Edited: January 27, 2011 at 4:00 pm
Filed under: In The News

Dear CIGAs,
Gold does not make a long term top by slowly rounding over.
When gold does reach full valuation it will set your hair on fire as your eyeballs spin trying to keep up with the chart. What you are watching is the recent establishment converts hitting the road.
How many bone jarring reactions have we witnessed since $248?
Watch the Angels for guidance. Treat them as you would Fibonacci retracement lines.


Trader Dan’s Commentary
Here’s another great reason to dump all of your gold and buy more paper… especially US bonds. No need to trouble ourselves with this pesky detail, just print more money! After all, that is all that is required nowadays to get the economy improving.

CBO: Social Security to Run $45 Billion Deficit in 2011 Thursday, January 27, 2011
By Matt Cover
(CNSNews.com) – The Congressional Budget Office (CBO) reports that Social Security will effectively run a $45-billion deficit in 2011 and continue to run deficits totaling $547 billion over the coming decade.
The admission comes in the CBO’s semi-annual economic review that projects federal spending, debt, and economic growth. In the report, the CBO also examines the impact of projected economic performance on the trust fund that nominally funds Social Security.
“Excluding interest, surpluses for Social Security become deficits of $45 billion in 2011 and $547 billion over the 2012–2021 period,” the CBO reported.
This means that in order to pay benefits Social Security will need $45 billion more than it will collect in payroll taxes this year, and $547 billion more over the next decade.
The “interest” the CBO mentions is the interest that the federal government owes to the Social Security trust fund because the trust fund is legally obligated to take Treasury bonds – federal government debt – in exchange for the cash revenues raised by Social Security payroll taxes.
More…

 

Goodnight Amazon: World's Most Overhyped Retailer Misses Top Line

 

"Second wave of housing bust hammers more cities". Home values are dwindling in nearly every American market. Prices fell in November in all but one of the 20 cities in the Standard & Poor's/Case-Shiller index released Tuesday. Eight of those markets hit their lowest point since the housing bubble burst. It's a depressing read...and the link is here.




"Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s". The link is here.




"Silver is the Investment of the Next Decade". Needless to say, it's worth your undivided attention...and the link is here.




"BoE Governor is Right, We Are in a Depression"...and the link is here.




The Not So Funny Funnies...