Silver just did what gold did last Monday: a total retrace move. Unbelievably impressive… Action like that never happened only a few years ago. The character of this market has totally changed and anyone that hasn’t put in at least 70% of their dry powder earmarked for silver while they hope for $26.70 or whatever is going to be disappointed. [Read more...]
Berkshire’s all-out attack on gold continued today, as the Oracle attempted to one-up his buddy Charlie on this morning’s live Squawk-Box interview:
“They (gold investors) want everybody to be so scared they run to a cave with gold. Caves might be a better investment than gold. At least they’re not producing new caves all the time.”
And to think some fool paid $2 million for the privilege to share lunch with this wealthy shyster.
Full interview below:
Our friend Pining 4 the Fjords has outdone himself again:
5 Signs Charlie Munger might call you uncivilized:
Recept from APMEX (or SD Bullion): Uncivilized
Owning a barbaric relic: Uncivilized
Bag of ASE’s: Uncivilized
Silver Bullion: SO FREAKING UNCIVILIZED
Every person who lived in the US prior to 1913: Uncivilized
Indian merchants ended their strike and opened their gold shops today as India’s gov’t backed down and withdrew implementation of the new excise duty on gold jewellery until financial year 2013-2014.
Indian gold imports are expected to swell on the pent-up Indian gold demand, yet gold is selling off hard this morning thanks to a COMEX paper futures raid. [Read more...]
If at first your paper doesn’t succeed, try, try again. The cartel is working on their 7th attempt since Friday morning to stuff silver under $30, and has once again broken the strong support level with a classic waterfall raid on the COMEX open. [Read more...]
The Reserve Vault in Brisbane at centre of allegations of misappropriation and dodgy business practices
An Aussie SilverDoctor sent us this, and stated that the Reserve Vault in Brisbane raised bloody hell when he attempted to withdraw his holdings, not to mention regularly charging him more than the quoted storage fees.
Doc’s Rule No. 1:
If you don’t hold it, you don’t own it.
AN UNDERGROUND vault in the City used by the wealthy to store hundreds of millions of dollars in gold, silver and other valuables is at the centre of allegations of misappropriation and dodgy business practices including making false claims about how secure it is. [Read more...]
Spanish Prime Minister Mariano Rajoy said Monday that he will reverse policy, and pump public funds into the Spanish banking system to prop up the ailing institutions.
Won’t be long before Italy joins suit in a TARP style bank bailout. That would be LONA en espanol.
QE to INFINITY….AND BEYOND!!! [Read more...]
BrotherJohnF is back with another Silver Update, discussing whether the pundits are correct and the silver bull is dead, or if in fact we are merely in the midst of a long bull market correction/consolidation.
Silver Update: Bull Over? [Read more...]
Bloomberg documents a recent massive influx in silver jewelry and silverware scrapped by Britons for the silver content. When the general public is still dumping any silver or gold they can find as scrap for fiat currency, it is clear that the mania phase of the PM bull and the final top is not even close to beginning. [Read more...]
RealityCheck discusses that Mitt Romney does not have enough delegates to secure the nomination, and that Romney and Rick Santorum have LOST 62 delegates since last week.
If those delegates 62 ‘bound’ delegates are in fact lost and not bound, the Republican Primary is only just beginning, and will likely be decided on the Convention Floor.
Perhaps someone can explain to us then why the Republican National Committee has violated its own Rule 11 by contributing funds to Mitt Romney prior to an official nominee being selected?
The Euro/USD gapped down on Monday’s open, and has now broken 1.30 to the downside, with a last of 1.2956.
Gold and silver also gapped down on Monday’s Globex session open, with silver briefly penetrating $30 again before popping back above the critical support, and gold dropping $5 to $1637. [Read more...]
The French people have chosen QE to Infinity. Socialist Francois Hollande has won the country’s presidential election. Hollande has promised to reverse ‘austerity’ measures with massive fiscal stimulus.
French socialist Francois Hollande has won a clear victory in the country’s presidential election. [Read more...]
While we don’t expect Congress to pass Ron Paul’s legislation to end the Federal Reserve anytime soon, the fact is that Ron Paul has already won by awakening the American people to the dangers of the fed, and its outright theft of the American people through inflation via the debasement of its fiat debt notes.
Panel to consider bill that would remove five members from FOMC
A House panel led by longtime Federal Reserve critic Rep. Ron Paul will take direct aim at the central bank next week when it considers a bill to abolish the powerful institution. [Read more...]
We should know in the next few hours whether France has re-elected Nicolas Sarkozy, or newcomer Francois Hollande.
Hollande, the front-runner, has promised to reverse France’s austerity measures, and RAMP UP THE STIMULUS SPENDING….which should please Germany immensely.
The Euro-zone debt crisis is about to get even more interesting.
QE TO INFINITY……AND BEYOND!!! [Read more...]