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Silver is down another 2% on the day to $27.41, and gold has traded as low as $1579.
At this point it looks likely that silver will test the bottom of its large wedge formation near $26.50. [Read more...]
Bank Rossii announced that it had increased gold stocks in its international reserves by 0.5 million troy ounces to 29.3 million troy ounces in May from the end of April.
Russia’s gold and foreign exchange reserves declined to $512.2 billion in the week ending June 15 from $512.4 billion a week earlier. Russia’s reserves remain very sizeable and have increased in 2012 as they were at $498.6 billion at year end 2011. [Read more...]
Dont-Tread-On.me’s Christ Duane discusses striking at the root of the evil in our current fiat monetary system with Part 40 of the Silver Bullet/Silver Shield Video series: Striking at the Root. [Read more...]
Financial guru Max Keiser speaks with Patrick Henningsen from Infowars.com in London, about financial terrorism, the Euro crisis in Ireland and Greece, and chronicles the devastation of JP Morgan’s balance sheet by a new and emerging “Silver Liberation Army”, led by Mexican billionaire Hugo Salinas Price. [Read more...]
Welcome to Capital Account. Let’s twist again…like we did last September. The Federal Reserve announced today that it will be extending operation twist — it’s effort to twit the yield curve and keep long-term interest rates low by selling short-dated securities and buying long-term treasuries. It’s just more free market arm-twisting, and the Fed says it’s willing to do more. Sounds like more threats!
And whales have been popular, but what about “operation humpback whale…” What is this? Well, how ‘about the Fed buy both the long, as well as the short end of the curve, and sell a bunch of the bonds in the middle? We’ll float that idea to our guest Jim Rickards. He believes that the same force behind too-big-to-fail banks that is driving anti-competitive behavior on Wall Street is also responsible for driving monopolistic practices in government.
Is the physical silver supply so tight in the COMEX right now that the cartel needs to play 3 card monte with a SINGLE 1,000 OZ BAR OF SILVER!?!
COMEX WAREHOUSE SILVER INVENTORY UPDATE 6/20/12 [Read more...]
While the market is fixated on $267 billion in TWIST but no new QE announcement, the G20 has proposed a £600 billion bailout for Spain & Italy.
The will he or won’t he QE debate is meaningless. The Western Central banks will print unfathomable amounts- when it is required.
They can pretend it is not currently required, but delaying the implementation will only require a bigger counterfeiting gun when the time comes.
European leaders are poised to announce a £600 billion deal to bail out Spain and Italy, it emerged at the G20 summit on Tuesday night. [Read more...]
After crashing below $1600 and $28 in the minutes after the FOMC statement release, gold and silver have roared back- silver to unchanged on the day, and gold is now ABOVE its pre-FOMC release levels to $1620!
For those who blinked and didn’t have a chance to Stack the Smack, keep your dry powder ready for Bernanke’s 2:15 pm speech as the cartel has smashed the metals the last 2 times Bernanke spoke publicly.
The market will be looking for comments by Bernanke that further real easing is imminent should Europe deteriorate further. [Read more...]
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