Silver deliveries 21.25 million oz/Civil war intensifies in Libya

Harvey Organ 2-28-11

Silver deliveries 21.25 million oz/Civil war intensifies in Libya

 

Jim Rogers: "Saudi Arabia Is Lying About Being Able To Increase Its Oil Production"

Submitted by Tyler Durden on 02/28/2011 15:40 -0500

Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi's call for a 1MM + boost in its oil supply is: "Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn't increase production. Don't fall for that. The reason oil is going up is the world is running out of known reserves of oil." Of course, then there is the question of do we trust the Quantum fund creator who retired at 37, or do we go with the sellside lemming brigade of monkeys with typewriters who will groupthink anything and everything to death, just to get paid another completely unwarranted bonus. As to those who are concerned that the commodity "bubble" is about to pop, Rogers says: "It's still years away." And some reinforcement for the gold and silver bulls: "Gold will certainly go over $2,000 by the end of the decade, and silver will pass $50." And as a hedge to his great commodity bull market call, Rogers continues to be short Nasdaq stocks. His thesis: "If the economy gets better I am going to make money in commodities, if it doesn't get better, I am going to make money in commodities cause they are going to print huge amounts of money." Call it the adjusted Tepper call. 

 

 

 

Chinese Treasury Holdings Revised $268 Billion Higher To $1.12 Trillion, Fed Still Top Holder Of US Debt

 

How Ireland Can Leave The Euro: One Expert's View

 

The Calm Before the Storm



Are You Prepared For a Food Shortage?

I will post more as they become available...

Food Shortage Series Part 1

 

Food Shortage Series Part II

 

Food Shortage Series Part III

 

Paul Krugman (Nobel prize-winning Princeton economist) recently spoke to students at The University of Oklahoma.  The local paper had a very short article about his speech. The last line in the article sums it up pretty well: “We’re eating our seed corn,” he said. “We are very far from being over the financial crisis.”



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Gold $2,300, Silver $150 and Looming Stock Market Crash