Must Read...Harvey Organ 3-1-11

Must Read...Harvey Organ 3-1-11

Gold at record levels/silver also advances/huge silver eagle sales/

 

• Vicious Downward Cycle Intensifying

  

  posted by Eric De Groot at Eric De Groot - 1 hour ago

  The vicious downward cycle (see Jim's formula) that started that started in 2001 and rematerialized in 2008 is beginning to intensify in 2011. This suggests an acceleration in the trend toward a lower stan...

Blowout possible in gold, force majeure in silver, Rule tells King

 

This shows how ignorant the Bastard is...

Not enough metal to put dollar back on gold, Bernanke says

 

Chinese queue at malls to beat Bernanke's inflation with gold

 

Didn't Fed attend other G-10 gold committee meetings?

 

FMX Connect "When A Gold Market Trades Like A Gold Market"

Submitted by Tyler Durden on 03/01/2011 18:14 -0500

It’s about time that this market started acting like a commodity and not a proxy for some ETF product traded by mutual fund managers. Call skew rallied to levels not seen in a long time as first dealers rolled their longs higher to let them hedge their gamma and then funds added to existing positions. It seems that the constant flow of GLD call selling that used to spill over onto comex has subsided. Perhaps we are entering a parabolic phase now that we are at all-time highs. We alerted readers to get long 2 days ago and remain behind our call of a top side of 1475-1550 in the next 8 weeks. 

 

 

 

Total US Debt Hits $14.195 Trillion, $99 Billion Away From Debt Ceiling; Treasury Revises Breach Date To As Soon As April 15

Submitted by Tyler Durden on 03/01/2011 18:00 -0500

Now that all auctions from last week have settled, the real debt picture has emerged: as of February 28, total US debt was $14,194,764,339,462.64 (a settlement change of $57 billion on the day alone). As a reminder, the total debt limit is $14.24 trillion, or $100 billion away. Purists will interject that the total debt includes $52 billion in debt that is not subject to the debt limit, so in reality the total remaining capacity is $151 billion, although should total debt pass the ceiling, with or without the technicality, it will be pretty much game over. What is quite relevant is that the winddown of the SLF program is halfway completed, as otherwise the US would be in breach of the debt ceiling right now. Since there is another $95 billion outstanding on the SLF, which with the lack of any Treasury auctions in the coming week, has allowed the Treasury to issue an updated debt limit breach projection:"Today, Mary Miller, Assistant Secretary for Financial Markets at the U.S. Department of the Treasury, issued the following update regarding the projected dates by which the United States will reach the statutory debt limit:  “The Treasury Department now estimates that the United States will reach the debt limit between April 15, 2011 and May 31, 2011." Previously the projected breach range was expected to occur 10 days earlier. In other words, the Treasury is once again panicking, and sending the ball over to the Hill, to make sure politicians add another $1.5 trillion to the debt ceiling, which however, with $2 trillion in total issuance in 2011 will need to be raised just after the end of the new year.




And Finally...Something to think about....
End Game - Would US Police/Troops Fire Upon US Citizens?