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I added some direct protection for my precious metals holdings in the form of ZSL. So, we have Dow, SPX and silver short… for now. Usually I stare in the crazy eyes of the silver bugs and I not only blink, I get sent running with tail between legs. Last time it was da bugz … Continue reading
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This essay is based on the Premium Update posted on July 9th, 2010 You read a lot recently about “double dip” and it does not refer to two scoops of ice cream, or to the Jerry Seinfeld episode when George takes a large tortilla chip, dips it into a bowl of dip, bites into … Continue reading
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Stansberry & Associates Investment Research founder Porter Stansberry, who built his reputation on finding safe-value investments poised to give his followers years of exceptional returns and also has a reputation as an independent thinker with a…..
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1. “We are scary, scary owners of euros,” – John Taylor, lead manager for world’s largest currency fund, Bloomberg News, June 28. The number one Bloomberg heading this morning says, “…Dollar Rally Buckles..”. I mentioned the bankster game of pumping the news with the other side of their trade. Read that sentence again. Unlike the … Continue reading
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The bullish set up in silver (and gold) has turned insanely bullish. An astonishing amount of silver has been removed from the Comex warehouses over the past two weeks. Most of it from Scotia – who has unrefutedly been accused by many, including me, of operating a “fractional” bullion custodian operation – and from HSBC … Continue reading
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Major mining indexes appear to be approaching a major breakout point fueled by the sweeping overhaul and takeover of banks. Banks have been under pressure from a continuing recession, high unemployment, a weak housing market and now more government oversight and audits. This does not help a recovery process for housing or financials. These are … Continue reading
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I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom. General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that … Continue reading
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This essay is based on the Premium Update posted on June 18th, 2010 In our previous essay we have mentioned that it does not seem that the ultimate top for this gold rally is behind us. Consequently, this week we would like to provide more information on what may influence various segments of the precious … Continue reading
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Source: Brian Sylvester and Karen Roche of The Gold Report 06/21/2010 http://www.theaureport.com/pub/na/6584 Everybody’s talking about rare earth elements (REEs), but does anyone truly understand them? With nearly 50 years in the industry, independent Metals Consultant Jack Lifton sure does. The educational powerhouse in this burgeoning space returns to The Gold Report with a look toward … Continue reading
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The massive bull continuation pattern on silver bullion has a target of around $30-33, and gold could easily leap to $1700 while that occurs – Stewart Thomson, http://www.gracelandupdates.com/. Couldn’t have said it better myself. I thought the silver bulls out there might enjoy this centerfold picture: Per my post on silver Friday, this techinical picture … Continue reading
