Doug Casey: The time to protect yourself is NOW
How to do it, and why you can't afford to put it off any longer...
Billionaire guru Sam Zell: Dollar crash will be "disastrous" for U.S. standard of living
"My biggest single financial concern is the loss of the dollar as the reserve currency..."
If you want to protect everything you have worked for...Read This NOW...
The Silver Bullet And The Silver Shield
Gold: A Valuable Thing to Store
Saudi Arabia stirring. Time for another paradrop of billions in linen to appease the increasingly restless natives. Oh wait, no mas dinero? Oops.
In a not so surprising turn of events, adverse Libyan newsflow has picked up just as expected, with Reuters reporting that the Oil facility at Zueitina, south of Benghazi, is now damaged and oil wells are now on fire, and that a Libyan rebel convoy is now headed to Ras Lanuf according to Al Jazeera even as fighting in Tripoli picks up, although as we noted previously don't expect any coverage as all the journalists there are now rounded up "for their safety from Al Qaeda" and the terrorist organizations crazy pills. The result: WTI now passing $103, wiping out more tens of billions from the US GDP, further destroying corporate margins, and otherwise adding fuel to today's vapormeltup. Gold and silver follow suit.
How to do it, and why you can't afford to put it off any longer...
Billionaire guru Sam Zell: Dollar crash will be "disastrous" for U.S. standard of living
"My biggest single financial concern is the loss of the dollar as the reserve currency..."
If you want to protect everything you have worked for...Read This NOW...
The Silver Bullet And The Silver Shield
Gold: A Valuable Thing to Store
CME Raises Margins On Crude Oil, Heating Oil And Gasoline By More Than 10% Each
Submitted by Tyler Durden on 03/04/2011 11:16 -0500The CME Group Inc. increased margins its New York Mercantile Exchange crude oil and petroleum products futures, effective after the close of trading today. The margin for Nymex crude oil will rise to $6,750 per contract from $6,075, while heating oil margins increase to $6,413 from $5,063 and gasoline to $6,750 from $5,400, the exchange said in a notice late yesterday. The attempts to prevent an out of control melt up in the one product everyone is terrified of, crude, are back on the table. Just like last week, when the ICE started and the CME followed suit, look for today's CME action to be promptly immitated by the ICE on Brent.
Here Is Why The Tadawul May Soon Pull An "Egypt Stock Market", And Close Indefinitely
Riyadh Storm Rising
Submitted by Tyler Durden on 03/04/2011 09:54 -0500Saudi Arabia stirring. Time for another paradrop of billions in linen to appease the increasingly restless natives. Oh wait, no mas dinero? Oops.
Risk Off: Commodity Complex Jumps On Reports Libyan Oil Wells Near Benghazi On Fire
Submitted by Tyler Durden on 03/04/2011 09:46 -0500In a not so surprising turn of events, adverse Libyan newsflow has picked up just as expected, with Reuters reporting that the Oil facility at Zueitina, south of Benghazi, is now damaged and oil wells are now on fire, and that a Libyan rebel convoy is now headed to Ras Lanuf according to Al Jazeera even as fighting in Tripoli picks up, although as we noted previously don't expect any coverage as all the journalists there are now rounded up "for their safety from Al Qaeda" and the terrorist organizations crazy pills. The result: WTI now passing $103, wiping out more tens of billions from the US GDP, further destroying corporate margins, and otherwise adding fuel to today's vapormeltup. Gold and silver follow suit.
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