BTFD...BTFD...BTFD...BTFD...BTFD...BTFD...BTFD...BTFD...
My center has collapsed, my right flank is weakening. Situation excellent. I am attacking. –Arshall Foch (Gold trader’s mantra?)
Apparently Blythe’s monkey’s are burning the Sunday midnight oil in order to prevent silver clearing $36 and triggering JPM’s rumored silver derivative losses.A miniature replica of the May 2nd, 2011 drive by shooting was just completed, as silver was knocked down the proverbial mine-shaft moments ago, dropping nearly a dollar in nano-seconds on Monday’s Asian open.
Volume data indicates that 3,297 contracts, or 16.5 million paper ounces of silver were dumped on the market in a mere 5 minutes between 9:00 and 9:05pm EST.
In other words, approximately 1/2 of the entire US annual silver production was dumped on the market by the cartel in a 5 minute period on a Sunday night.
Read More @ Silver Doctors
from Gary Wagner:
The trading activity in gold put a magnificent end to an already solid week in gold prices. A new six-month high of 1790 was hit intraday in the December contract of Comex gold. Cash gold also reached a new high as it traded above 1788 per ounce. Considering the recent move of about 12% in gold prices since its low, traders have been on a phenomenal ride to say the least. Of course, the wheels were set in motion by statements made by the Federal Reserve that a new round of quantitative easing simply called QE3 would be implemented as an open ended program.
The fact that the Federal Reserve will be purchasing $40 billion on a monthly basis in assets is significant and signals an extended rally in the precious metals markets. Add to that the European Central Bank’s announcement of not only monetary policy but a steadfast commitment to support the euro plus recent moves by the Bank of Japan purchasing bonds and you have the makings of a sustained rally. It is my current belief that we will continue to see higher prices in both gold and silver, although I do also expect some sort of corrective pullback at some unexpected moment.
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
The trading activity in gold put a magnificent end to an already solid week in gold prices. A new six-month high of 1790 was hit intraday in the December contract of Comex gold. Cash gold also reached a new high as it traded above 1788 per ounce. Considering the recent move of about 12% in gold prices since its low, traders have been on a phenomenal ride to say the least. Of course, the wheels were set in motion by statements made by the Federal Reserve that a new round of quantitative easing simply called QE3 would be implemented as an open ended program.
The fact that the Federal Reserve will be purchasing $40 billion on a monthly basis in assets is significant and signals an extended rally in the precious metals markets. Add to that the European Central Bank’s announcement of not only monetary policy but a steadfast commitment to support the euro plus recent moves by the Bank of Japan purchasing bonds and you have the makings of a sustained rally. It is my current belief that we will continue to see higher prices in both gold and silver, although I do also expect some sort of corrective pullback at some unexpected moment.
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
I'm PayPal Verified
Monetarists from across the world can mostly agree on one thing. The US Federal Reserve caused the Great Recession.
by Ambrose Evans-Pritchard, The Telegraph:
Fed chair Ben Bernanke kept policy far too tight after the US economy buckled in early to mid 2008. He allowed a collapse in the money supply to run unchecked, causing avoidable disasters at Fannie, Freddie, Lehman, and AIG later that year.
Call it the “Bernanke Depression” if you want, a term gaining traction in elite circles. The indictment is a little unfair. The European Central Bank was worse. It raised rates into a deflationary oil shock in August 2008, and worsened a run on the dollar that constrained Fed actions.
Read More @ Telegraph.co.uk
In a little over a month, Californians will head to the polls to decide whether or not they want the freedom to know the true contents of the foods they buy at the grocery store. And during this final push to raise awareness about the importance of mandatory labeling of genetically-modified organisms (GMOs), the Alliance for Natural Health – USA (ANH-USA) has announced a renewed boycott against the mega-corporations that are working behind the scenes to stop you from knowing whether or not your food contains bio-engineered ingredients.
Proposition 37, a Mandatory Labeling of Genetically Engineered Food Initiative, plainly states that raw or processed foods offered for sale to consumers must be properly labeled if they contain GMOs, and that no food products labeled “natural” can legally contain GMOs. Passage of this important ballot measure is the key to sparking GMO labeling laws nationwide, as it has the potential to drastically change for the better the way major food companies formulate their products. (http://www.carighttoknow.org/)
Several major chemical and food corporations; however, have been actively injecting tens of millions of dollars behind the scenes to stop Prop. 37 from becoming law. And many of these corporations own smaller companies and brands that are marketed as organic or “natural” in health food stores all across the country. It is important in these final days before the November 6 election to stop buying these brands, and support only healthy and organic brands that are not tied to major corporations fighting GMO labeling efforts.
Read More @ NaturalNews.com
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure
online money transfers, will handle the donations. Thank you for your
contribution. by Ambrose Evans-Pritchard, The Telegraph:
Fed chair Ben Bernanke kept policy far too tight after the US economy buckled in early to mid 2008. He allowed a collapse in the money supply to run unchecked, causing avoidable disasters at Fannie, Freddie, Lehman, and AIG later that year.
Call it the “Bernanke Depression” if you want, a term gaining traction in elite circles. The indictment is a little unfair. The European Central Bank was worse. It raised rates into a deflationary oil shock in August 2008, and worsened a run on the dollar that constrained Fed actions.
Read More @ Telegraph.co.uk
by Jonathan Benson, Natural News:
In a little over a month, Californians will head to the polls to decide whether or not they want the freedom to know the true contents of the foods they buy at the grocery store. And during this final push to raise awareness about the importance of mandatory labeling of genetically-modified organisms (GMOs), the Alliance for Natural Health – USA (ANH-USA) has announced a renewed boycott against the mega-corporations that are working behind the scenes to stop you from knowing whether or not your food contains bio-engineered ingredients.
Proposition 37, a Mandatory Labeling of Genetically Engineered Food Initiative, plainly states that raw or processed foods offered for sale to consumers must be properly labeled if they contain GMOs, and that no food products labeled “natural” can legally contain GMOs. Passage of this important ballot measure is the key to sparking GMO labeling laws nationwide, as it has the potential to drastically change for the better the way major food companies formulate their products. (http://www.carighttoknow.org/)
Several major chemical and food corporations; however, have been actively injecting tens of millions of dollars behind the scenes to stop Prop. 37 from becoming law. And many of these corporations own smaller companies and brands that are marketed as organic or “natural” in health food stores all across the country. It is important in these final days before the November 6 election to stop buying these brands, and support only healthy and organic brands that are not tied to major corporations fighting GMO labeling efforts.
Read More @ NaturalNews.com
from Economic Policy Journal:
On Face the Nation this morning, former President Bill Clinton offered a strong defense for President Obama’s re-election, arguing that no president could have “fully healed” the economy in four years.
In Milwaukee, President Obama said that advancing a top-down economic approach “never works.”
“The country doesn’t succeed when only the folks at the very top are doing well,” he said. “We succeed when the middle class is doing well.”
The fact of the matter is that the economy could have easily recovered in less than four years, if it wasn’t for extended unemployment benefits that discouraged people from looking for jobs, bailouts of banksters which misdirected trillions of dollars, minimum wage laws which made it near impossible for unskilled youth to find jobs, obamacare and other new government regulations and programs that made it difficult for businessmen to understand the true cost of a new hire, government measures taken to prevent the housing market to readjust and continued manipulation of the money supply in an especially erratic manner under the Fed chairmanship of Ben Bernanke.
Read More @ economicpolicyjournal.com.au
On Face the Nation this morning, former President Bill Clinton offered a strong defense for President Obama’s re-election, arguing that no president could have “fully healed” the economy in four years.
In Milwaukee, President Obama said that advancing a top-down economic approach “never works.”
“The country doesn’t succeed when only the folks at the very top are doing well,” he said. “We succeed when the middle class is doing well.”
The fact of the matter is that the economy could have easily recovered in less than four years, if it wasn’t for extended unemployment benefits that discouraged people from looking for jobs, bailouts of banksters which misdirected trillions of dollars, minimum wage laws which made it near impossible for unskilled youth to find jobs, obamacare and other new government regulations and programs that made it difficult for businessmen to understand the true cost of a new hire, government measures taken to prevent the housing market to readjust and continued manipulation of the money supply in an especially erratic manner under the Fed chairmanship of Ben Bernanke.
Read More @ economicpolicyjournal.com.au
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
No comments:
Post a Comment