Today is the First Notice Day for Silver and So We Have This Bear Raid on Metals

BTFD...Buy The F--king Dip...

As I have said for 3 years...If it goes down a little buy a little...If it goes down alot...Buy alot...

You may not get another chance like this one...

Keep Stacking...

Now where did I put those keys...

 

 

20 Economic Statistics To Use To Wake Sheeplez Up From Their Entertainment-Induced Comas

from The Economic Collapse Blog:

The Dow has closed above 13,000 for the first time since 2008, and the mainstream media is declaring that a strong economic recovery is underway. Barack Obama is telling anyone who will listen that his economic policies are a huge success, and U.S. consumers are piling up astounding amounts of new debt. Unfortunately, this euphoria about the economy will be short-lived. None of the long-term problems that are destroying the U.S. economy have been solved. In fact, there are dozens of statistics that can be quoted that prove that the U.S. economy is in far worse shape than it was when the recession supposedly ended. If dramatic changes are not made very rapidly, our nation is going to smash directly into an economic brick wall. Sadly, most Americans are so addicted to entertainment that they have no idea what is about to happen. Most of them are “sheeple” that are content to trust that the “experts” know exactly how to fix our problems as they continue to enjoy their entertainment-induced comas. After all, it is much easier to turn on “American Idol” or “Dancing With The Stars” than it is to think about debt ratios and monetary policy. But that doesn’t mean that we should not try to wake the sheeple up. It just means that it will not be easy.
Read More @ TheEconomicCollapseBlog.com

European Central Bank’s Cheap Money Has Just Turned Toxic Banks Into Zombie Banks

Last year a well-known senior former investment banker travelled around southern Europe’s troubled banks offering them a simple trade.
by Harry Wilson, Telegraph.co.uk:

He knew their balance sheets were stuffed with billions of euros of toxic loans. He also knew the banks could neither afford to finance these assets any longer, nor had enough capital to recognise the full-scale of the losses they would have to take to sell them.
Meeting with the banks he offered to buy not the odd loan here and there, but their entire toxic portfolios. The catch: well he wouldn’t offer them the face value of the loans, not even close, but he’d pay enough that it would be at a level where the bank could take a manageable loss.
Everything was going well until December when the ECB launched the first three-year long-term refinancing operation, or LTRO, which saw eurozone lenders borrow €489bn (£414bn) from the central bank at a 1pc interest rate.
Read More @ Telegraph.co.uk

ECB LTRO 2: €529.5 Billion As 800 Banks Ask For A Handout, Total 3 Year ECB Liquidity > €1 Trillion

The results for the second European 3 year discount window operation, pardon LTRO are in, and the winner is…

• ECB ALLOTS EU 529.5BLN IN 1,092 DAY REFINANCING TENDER
• ECB SAYS 800 BANKS ASKED FOR THREE-YEAR LOANS

Since the expected range was €200 billion – €1 trillion, and just above the median €500 billion, this is clearly within expectations, however notably less than what the Goldman investor survey expected at €680 billion. What is certainly scary is that the number of banks demanding a hand out was a whopping 800, well above the 523 from the first LTRO: clearly many banks are capital deprived.
Read More @ ZeroHedge.com

ECB Prepares to Open Loan Spigot Again in Debt Crisis
http://www.cnbc.com/id/46532683

Iran, A Nuclear Threat? Or... Dollar Threat?
http://dont-tread-on.me/?p=14034

Home Prices Fell in December in Most US Cities
http://finance.yahoo.com/news/home-prices-fell-december-most-140231740.html
http://www.cityfarmer.info/2011/10/19/urban-agriculture-detroit-average-house...

Buffett: Banks Victimized by Excesses of Ousted Homeowners
http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-by-evi...

Something Big is About to Happen in Gold & Silver
http://kingworldnews.com

Bradley Manning Nominated for Nobel Peace Prize
http://www.weeklystandard.com/blogs/bradley-manning-nominated-nobel-peace-pri...
http://www.bradleymanning.org/news/icelandic-parliamentarians-nominate-bradle...

What's Your Favorite "On the Ground" Recession Indicator?
http://www.oftwominds.com/blogfeb12/recession-indicators2-12.html

Goodbye, First Amendment
http://rt.com/usa/news/348-act-tresspass-buildings-437/

Ron Paul: Restore the American Republic

The Chinese Economy Is Slowing Down More Than What Is Perceived

Admin at Marc Faber Blog - 19 minutes ago

My view is that the chinese economy is slowing down more than is perceived. Whether it is going to have a crash or just a meaningful correction, that we do not know. - *in a recent Bloomberg Radio interview* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* more »

 

 

Iran: A Military Confrontation Would Be Madness

Admin at Jim Rogers Blog - 29 minutes ago

It is pretty clear that many people in Washington DC and in America who want to do something with Iran. There seem to be many people in Israel who want to do something with Iran. I find it madness if they would even think about something like that because if they do, it is going to cause all sorts of havoc in the world and retaliation, but people do foolish things all the time. - *in ET* Related, United States Oil Fund ETF (USO) *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’... more » 

 

 

Dollar Alternative Anyone?

from Greg Hunter’s USAWatchdog.com:

Countries around the world have been actively seeking ways to not do business in dollars for the past few years. The U.S. dollar is the so-called world reserve currency, but the big question is for how long? China and Japan are beginning to shun the dollar in trade between the two countries. Mind you, this is the 2nd biggest economy in the world doing business without dollars with the 3rd biggest economy in the world. Russia and China, also, have an agreement to not use the dollar, and even India recently announced it would trade gold for oil with Iran. Additionally, the International Monetary Fund (IMF) has been calling for an alternative to the buck. The big push is not because the U.S. dollar is held in the highest regard but because it is losing its luster on the world stage. After all, the debt debacle facing America is worse than what the Greeks are facing according to a new report from U.S. Senator Jeff Sessions. (Click here to see for yourself.) Senator Sessions says every man, woman and child in the country is saddled with $44,000 in debt.
The difference is the U.S. can print money, Greece cannot, and that is the problem for the rest of the world. Every dollar that is created devalues the other dollars in existence. America spends 43 cents more than it takes in every year. There is a current $15 trillion national debt and future commitments that some economists say exceeds $200 trillion. Last August, Congress raised the debt ceiling $2.1 trillion to $16.4 trillion. That money is likely to run out before the November 2012 election, and then, Congress will need to raise it again or the U.S. will face default. My money is on yet another debt ceiling increase. Is there any wonder why the world wants to move away from the dollar? The more you have of something, the less it is worth.
Read More @ USAWatchdog.com

Planned Regime Change in Syria

Afghanistan, Iraq, Libya, and now Syria had peace and calm until Washington intervened belligerently.
Strategies and tactics vary. Objectives are consistent. They involve replacing independent regimes with pro-Western ones by any means, including war.
Three unwinnable ones rage. Nonetheless, Obama plans more. Syria’s target one. For the past year, US-instigated violence ravaged parts of the country. Thousands have been killed, many others injured.
Syria’s gripped by fear. Heavily armed killer gangs rage out of control, and direct foreign intervention looms. More on that below.
Read More @ SJLendman.Blogspot.com

Rick Rule: Fear Driving Demand, Moving Gold & Silver Higher

from King World News:

With gold, silver and oil on the move, today King World News interviewed Rick Rule, CEO of Sprott USA. Rick spoke with KWN about the significant move in gold and silver and what we are looking at going forward. Here is what Rule had to say: “First, gold and silver were oversold and they are now coming back. Second, gold and silver move according to fear and you and I both know there is a lot to be afraid of. Has Greece been fixed? Of course not. So gold and silver have moved higher.”
Rick Rule continues: Read More @ KingWorldNews.com

Silver Price Hot Streak Continues

from GoldMoney.com:
The silver price streaked higher yesterday, with Comex silver for delivery in March gaining 4.6% to settle at $37.14 per troy ounce – the highest settlement price since September. Gains in the gold price were more modest, with gold for April delivery up 0.8% to $1,788.40, but nevertheless, this is above resistance at $1,780, and offers gold a good shot at running up to and perhaps besting the $1,800 mark. As MarketWatch reports, platinum and palladium also joined the party, with March palladium gaining 2.1% to settle at $719.75, and April platinum up 0.5% to $1,723.50.
As has been the dominant market trend of late, equities rode higher together with precious metal prices, the Dow closing above the psychologically important 13,000-level at 13,005.12. This is the Dow’s highest closing price since May 19 2008. Commodities as a whole also gained, though crude oil prices declined for the second day in a row. As is typical on a “risk on” day, the dollar fell against the euro and other major currencies, with the Dollar Index down 0.38% to close at 78.27. However, yields on longer-maturity US Treasuries continued to fall – contrary to what one would expect in an environment where inflation concerns are growing. Looks like we’ll have to wait a little while longer for the “Bond apocalypse” that Peter Schiff and others have been warning about.
Read More @ GoldMoney.com

Lew Rockwell: 258. We’re All Lawbreakers Now

from LewRockwell.com:

Mr. X talks to Lew Rockwell about America’s injustice system.
Click Here to Listen to the Interview

Greece’s Default Gets Messier

Back on February 17, the European Central Bank sprinkled its magical pixie dust on its Greek sovereign bonds, with the effect that they effectively ended up exempt from the restructuring and haircut being inflicted on everybody else. I wasn’t very excited about this development at the time:

On a conceptual level, it makes sense that the Troika — of which the ECB is a third — might be granted immunity from haircuts, in return for providing new money to Greece. On a legal and practical level, however, this is ugly — and you can be quite sure that it’s only going to get uglier from here on in.

Today, we’re beginning to get a hint of the messiness that this decision caused.
First, there’s a formal question which has been put to ISDA’s Determinations Committee, asking whether the ECB magical pixie dust, combined with the passage of the Greek law to allow the haircut, doesn’t in itself constitute a credit event under ISDA rules.
Read More @ SeekingAlpha.com

With LTRO Out Of The Picture, Portugal Is Back In Play – Bonds Sliding

As the ECB has stopped its SMP bond-buying and now the LTROs are all done (until the next one of course), Portuguese bond spreads have been increasing rapidly and post-LTRO today even more so. While broadly speaking European sovereign risk is modestly higher this week (and notably steeper across the curve) leaving funding costs still very high for most nations, Portugal has exploded over 100bps wider (and almost 70bps of that today post-LTRO) to back over 1200bps wider than Bunds. Only Italian bonds are better and even there they are leaking back to unch from pre-LTRO. Perhaps, shockingly, more debt did not solve the problem of too much debt and with growth and deficits being questioned in Ireland and Portugal (and Spain), it’s clear the newly collateralized loan cash the banks have received won’t be extended to the medium-term maturities in sovereign bonds. Read More @ ZeroHedge.com




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