Raed Jarrar is an Iraqi-American blogger and political analyst based in Washington, DC. - Recently wrote: "Playing With Fire in Iraq" / Silver is at $47.540 and Gold is at $1509.20 / Recap of FedStockII 2011 in Philly
There is a rising loss of faith in the conventional (i.e. propaganda) account of the U.S. economy. Readers tell me their local coin store has no silver coinage left, as the public has been buying with a vengeance.
Spot silver surged more than 5 percent to top $49 ounce on Monday, moving closer to its 1980 all-time peak lifted by a weak dollar and strong physical demand in Asia that also sent gold to a record high for a seventh consecutive session.
Spot silv
There’s only one investment I can think of that many people either love or hate reflexively, almost without regard to market performance: gold. And, to a lesser degree, silver. It’s strange that these two metals provoke such powerful psychological...
The reason for gold's ability to do well in any market lies in its recent role as a haven from concerns about the dollar, inflation and shocks in Europe, the Middle East and Japan.
At this rate the Hunt Brothers all time high to be taken out within a week...or a day, right about the time the dollar suffers terminal implosion. The DXY is now below 74.
Is this effective transformation of physical to semi-paper silver indicative of what we may expect from other depositories in the next few days as the delivery notices start coming in?
Many of us are deeply troubled by what is happening in the Ivory Coast. The fundamental issues are being overlooked. The consequences and ramifications of this denouement are also being overlooked. – Ghana Joy OnLine
The DXY just took out a multiyear low below 74.50 - the lowest since December 2010, the EURUSD is trading above 1.45 and after gold futures touched upon $1,500, now it was spot's turn which cut through $1,500 like a hot knife...
Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment.
The greenback dropped against the euro on speculation that the European Central Bank
Inflation accelerated in Asia and Europe in March. The lingering euro zone debt crisis also helped lift gold prices. Technical analysis indicated that gold may target $1,518 an ounce, said Reuters market analyst Wang Tao.
The University of Texas has added $500 million to its already sizable gold investment in 2010, partially due to the influence of hedge funder Kyle Bass, according to Bloomberg.
Keeping Capital in a Depression - Doug Casey on navigating the financial no-man's land. / Eat the Private Rich? - They are great social benefactors, says Walter Williams. / More 'Pre-Crime' Enforcement - Courtesy of the federal tax collectors. / Eat
The Official, One and Only, PC Cause of the Civil War - Tom DiLorenzo isn't buying it. / Laugh at the Government - That's the best way to undermine it. Article by Tom Schmidt. / The Days of Our Overlords Are Numbered - Ron Paul on how and why.
Gold was below $300 an ounce and nobody wanted it. The price wasn’t even quoted on the financial news any more, and people laughed at me when I said I was buying gold.
Silver's nearly 3% surge in trading in Asia may indicate that the long expected short squeeze may be underway. Bullion banks with very large concentrated short positions may be being forced to buy back their short positions – propelling silver...
"When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak.
Gold hit a record high on Wednesday while oil and corn were just off peaks struck this
week as commodity prices fuel rising inflation that governments worldwide are struggling to contain.
Congressman Ron Paul talks w/ Kitco News about a bill that aims at establishing competing currency in the U.S. Also discussed is his previous Federal Reserve audit bill, as well as the possibility of running as a Presidential candidate.
[off the chart read ED] I was in the midst of the Save America Convention in Tampa, Florida when I heard, first, that Libya was under bombardment by the UN (led by U.S. forces), and, that Bernard von NotHaus of Liberty Dollar had been convicted of “c
Central banks are shedding dollars, reducing their holdings by about $9 billion in previous quarter, according to Nomura Securities’ Jens Nordvig, global head of G10 FX Strategy. What are they buying instead? Gold.
Commodities are not a good investment over the long term because of man's ingenuity in discovering new ways to use existing resources or new technologies to replace depleting ones, according to Dylan Grice, a research analyst at Societe Generale.
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