A long-time client, and successful commodities trader I add, sent the below: The following comments come from a Merrill Lynch publication today. “To repeat our Mantra: 1) Whatever MUST happen, WILL happen. 2) In a debt crisis, inflation is the ONLY solution. 3) The FED + US Treasury can create inflation. 4) As such, there
Bill and Mickie Haynes to hold reception for Congressman Ron Paul on his visit to Arizona December 4-5, 2009.
In a move that the gold market did not anticipate, the IMF sold 200 tons of gold directly to India’s central. It was widely known–commented on on this blog February 12, 2008–that the IMF would be a gold seller. Several years ago, the IMF let known its intentions to sell 400 tons of gold and
Friday, CMIGS began shipping the year’s first 2009-dated US Mint Buffalo Gold Coins. Before the release, there was speculation that the mintage would be low because the Mint did not produce them until late in the year. However, as of this writing, the Mint’s web site shows that 86,000 Buffalo Gold Coins have already been
U.S. Mint announces release of 2009-dated American Buffalo gold coins. Fractional-ounce American Eagle gold coins to be released in December.
For the first time in twenty-five years, fractional-ounce Krugerrands are being imported into the U.S. in large quantities
My Sept. 7 post noted that gold had broken out from a consolidation triangle, a move that often forecasts still higher prices. And, higher prices we got, with gold hitting an intraday high just short of $1,012.00 in the New York market on Friday, Sept. 11. Silver followed suit, closing at $16.72. However, it was
Readers of this blog mostly are long-term gold/silver investors who are not concerned with intermediate moves in gold/silver prices except to use dips in prices as opportunities to add to their positions. Still, daily $1 jumps in silver and $20 jumps in gold are of interest to all precious metals investors. If nothing else, investors
In announcing that Ben Bernanke would be reappointed to a second four-year term as Federal Reserve chairman, the White House admitted that the US debt situation continues to worsen. The Congressional Budget Office (CBO) says the US debt outlook is worse than what the White House says. The White House projected that over the next
Silver usage in electronic devices to increase because of new technology. New, popular silver jewelry on market.