Eric King of KingWorldNews.com blogged that his sources say Asian buyers effectively have checkmated the silver shorts. No doubt about it, there is a major battle going on in the silver markets. Volumes are at record highs, and volatility is extreme.
Jim Rickards, writing for KingWorldNews.com, exposes the risks that the Fed is taking with its second Quantitative Easing program, now aptly dubbed QE2. According to Richards, the Fed could go bankrupt. First, how the Fed could go bankrupt; second, why it will not happen, at least not immediately. The Fed announced that it plans to
Today the financial community awaits Fed’s decision on Quantitative Easing 2, which has become the euphemism for a second round of money creation in another effort to get the economy going. At the end of its two-day FOMC meeting, the Fed will reveal the details (some, at least; all, probably not) of Quantitative Easing 2.
Tomorrow America votes in one of the most divisive elections that I’ve seen. In Arizona, the Democrats started way behind in the polls but made up some ground by going negative. Nearly every Democratic ad I’ve seen has been an attack ad against the Republican candidate. Seeing the Dems gaining, the GOP went negative. It’s