The Golden Truth

As The Economy Heads Into Another Cliff-Dive, The Idea Of QE3 Gaining Accpetance…

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Last week former FOMC Vice Chairman Alan Blinder gave a speech in which he said that more monetary stimulus would be needed in order to improve the employment situation in this country.  Blinder happens to be a senior economics professor at Princeton, where what’s-his-name, the current FOMC chief was departmant chairman.   Some analysts from Wall … Continue reading “As The Economy Heads Into Another Cliff-Dive, The Idea Of QE3 Gaining Accpetance…”

Someone Please Explain To My How There Can Be A Bubble In Gold And Silver

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The idea is absurd.  In today’s Denver Post, just like everyday, there are two outfits running full page ads asking/begging to buy your gold and silver.  These ads are not cheap to run, which means there are plenty of people out there unloading their bounty.  DEFINITIONALLY, an asset class is in a “bubble” state of … Continue reading “Someone Please Explain To My How There Can Be A Bubble In Gold And Silver”

Gold And Silver Go Nuts Again

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Anyone bother to ask why?  I saw this headline a few minutes ago on cnn.com: “Oil, gold, silver are ‘uncertainty magnets’.”  The is pure b.s.  Oil, gold and silver are “magnets” for all of the paper currency that has been, is being and will be manufactured by global Central Banks and Governments.  If there is “uncertainty” … Continue reading “Gold And Silver Go Nuts Again”

The Comex Goes “Extend And Pretend” On JP Morgan’s Paper Silver Short

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And in the process has likely perpetrated and enabled the continuation of the biggest fraud in the financial markets.  By now everyone knows about the absurd imbalance between JPM’s short position in the silver futures market and the availability of physical silver at the Comex/SLV.  To review, JPM’s short position is several multiples of the amount … Continue reading “The Comex Goes “Extend And Pretend” On JP Morgan’s Paper Silver Short”

No inflation?

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(Note:  I wrote this last night.  This morning I found a great post from James Turk on Eric King’s blog: “I’m often asked by people when do I think they should sell their gold? I tell them this time around it’s going to be easy because you are not going to sell your gold, you’re … Continue reading “No inflation?”

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