It's sad 'cause it's true. At our present speed we will be a police state dictatorship in about 4 or 5 more years if we don't turn course now. Time to wake up, get with the program, and vote for Ron Paul 2012.
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Friday, May 27, 2011
Max Keiser’s Silver Liberation Army Gains A Recruit
Not only will you make money and protect yourself from the collapse of the USD, you will also help take down the banksters. Join the silver liberation army, buy physical silver.
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Max Keiser’s Silver Liberation Army Gains A Recruit
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Max Keiser’s Silver Liberation Army Gains A Recruit
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Rob McEwen - Once $3,000 Falls Gold will Launch Like a Rocket
Buy now. Get some popcorn. Wait and watch. PM's will be epic in 1-2 years.
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Rob McEwen - Once $3,000 Falls Gold will Launch Like a Rocket
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/27_Rob_McEwen_-_Once_$3,000_Falls_Gold_will_Launch_Like_a_Rocket.html
With the gold and silver markets still experiencing turbulence and the US dollar attempting to stabilize, today King World News interviewed one of the great company builders, Rob McEwen former CEO of Goldcorp and current Chairman & CEO of US Gold. When asked how he arrived at his gold target McEwen responded, “Looking at economic history and the cycles before, the $5,000 number is a fairly easy number to get to if you look at the last cycle where gold went from about $40 an ounce in 1970 to $800 in 1980. So, you had a twenty-fold move, and the low point for us recently was $250 back in 2001, and if you applied the same twenty-fold you arrive at $5,000.”
Rob McEwen continues:
“You have more people in the market today than you had in 1980. They are better connected by the internet and other communication means, and crowd psychology is going to play a bigger role. We’re seeing the paper currencies suffering a loss of confidence and people are looking for a place to go, and when we move from that 1% invested in gold, to 3 or 4 or 5%, the slope for the price of gold is going to be exponential and racing.”
The QE3 is going to happen and there will be a QE4 and probably a QE5. We’re looking at unprecedented amounts of monetary stimulation occurring not only on this side of the Atlantic, but over in Europe and it has been to stave off a collapse. There has been tremendous loss of value, but we haven’t seen a big jump in employment and we haven’t seen a large jump in capital investments and that’s what we need to see.
We need to more jobs created and this money isn’t doing that. So, that’s where you go back to the government saying, ‘well, we can’t stop right now because the job is not done.’ But for every one of your listeners, while this job is being done they have to go out and protect their assets against what’s happening.”
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Rob McEwen - Once $3,000 Falls Gold will Launch Like a Rocket
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/27_Rob_McEwen_-_Once_$3,000_Falls_Gold_will_Launch_Like_a_Rocket.html
With the gold and silver markets still experiencing turbulence and the US dollar attempting to stabilize, today King World News interviewed one of the great company builders, Rob McEwen former CEO of Goldcorp and current Chairman & CEO of US Gold. When asked how he arrived at his gold target McEwen responded, “Looking at economic history and the cycles before, the $5,000 number is a fairly easy number to get to if you look at the last cycle where gold went from about $40 an ounce in 1970 to $800 in 1980. So, you had a twenty-fold move, and the low point for us recently was $250 back in 2001, and if you applied the same twenty-fold you arrive at $5,000.”
Rob McEwen continues:
“You have more people in the market today than you had in 1980. They are better connected by the internet and other communication means, and crowd psychology is going to play a bigger role. We’re seeing the paper currencies suffering a loss of confidence and people are looking for a place to go, and when we move from that 1% invested in gold, to 3 or 4 or 5%, the slope for the price of gold is going to be exponential and racing.”
The QE3 is going to happen and there will be a QE4 and probably a QE5. We’re looking at unprecedented amounts of monetary stimulation occurring not only on this side of the Atlantic, but over in Europe and it has been to stave off a collapse. There has been tremendous loss of value, but we haven’t seen a big jump in employment and we haven’t seen a large jump in capital investments and that’s what we need to see.
We need to more jobs created and this money isn’t doing that. So, that’s where you go back to the government saying, ‘well, we can’t stop right now because the job is not done.’ But for every one of your listeners, while this job is being done they have to go out and protect their assets against what’s happening.”
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This is not 1980
This is from a precious metal blogger, in regards to the differences between now and 1980. Doubters, ignorant fools, and dollar shills, like to use 1980 as an example of why you should stay away from precious metals this time. This time, they are wrong.
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This is not 1980. This is quite different.
Gold $855 1980, Silver intraday highest $55, Oil $37.Fed Funds Interest Rate 1979 11%.
Debt Aprox 1 trillion dollars.
The trade weighted US Dollar Index made a double bottom at $88.30 on 10/30/1978 and $92.24 on 7/10/1980 and hit a high of $148.12 on 2/25/1985 (St. Louis Fed Database)
CPI figures to 2011 Gold $2,333.77..Silver $150.12, Oil $100.99
Source-Gov BLS Calculator. *US Debt $14 Trillion. World population a lot higher.
In Dollars we can clearly SEE that Gold and Silver are under-valued assets except in the minds of the extremely ignorant of historic fact.
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This is not 1980. This is quite different.
Gold $855 1980, Silver intraday highest $55, Oil $37.Fed Funds Interest Rate 1979 11%.
Debt Aprox 1 trillion dollars.
The trade weighted US Dollar Index made a double bottom at $88.30 on 10/30/1978 and $92.24 on 7/10/1980 and hit a high of $148.12 on 2/25/1985 (St. Louis Fed Database)
CPI figures to 2011 Gold $2,333.77..Silver $150.12, Oil $100.99
Source-Gov BLS Calculator. *US Debt $14 Trillion. World population a lot higher.
In Dollars we can clearly SEE that Gold and Silver are under-valued assets except in the minds of the extremely ignorant of historic fact.
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z
Thursday, May 26, 2011
Bunker Hunt vs The Elite
Of course the difference is that the Hunt bros were corning the market long, while JPMorgue is corning the market short. So when the hunt bros were attacked the price collapse, whereas when the JPMorgue gets caught the market will explode upwards in price. It's the little man that is cornering the physical market this time around. Completely different. And interest rates can't go up, either.
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Bunker Hunt vs The Elite
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Bunker Hunt vs The Elite
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Stephen Leeb - Silver Should Be $150 Today
I wish...
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Stephen Leeb - Silver Should Be $150 Today
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/26_Stephen_Leeb_-_Silver_Should_Be_$150_Today.html
With so much volatility in the gold and silver markets, today King World News interviewed one of the top ranked money managers in the country, Dr. Stephen Leeb, Founder of Leeb Capital Management. Dr. Leeb’s comments surprised KWN in many ways, here is how he started the interview, “I think the United States has been asleep at the switch for a long time, and I think the Chinese in contrast have been wide awake to an emerging problem in the world and it’s one called resource scarcity. We’ve heard a lot about resource scarcity and mostly the reaction in the US is just to shrug their shoulders, we’ll figure out a way around it. Well, there really is not a way around certain kinds of scarcities.”
When asked where silver is headed in terms of price Leeb responded, “I could just look at it from a monetary point of view, forget about all of the industrial applications. The ratio of silver to gold in the world is about ten to one, maybe seven and a half to one, above and below ground if you look at reserves. So as a monetary metal you could make a case that silver should already be no more than a ten to one ratio with gold.”
When asked with the ten one ratio putting silver $150, is that an outrageous price for silver today Leeb responded, “No it isn’t, it’s not at all outrageous. Silver at $150 is in no way outrageous. I’m not counting the critical applications in the industrial and renewable areas.”
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Stephen Leeb - Silver Should Be $150 Today
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/26_Stephen_Leeb_-_Silver_Should_Be_$150_Today.html
With so much volatility in the gold and silver markets, today King World News interviewed one of the top ranked money managers in the country, Dr. Stephen Leeb, Founder of Leeb Capital Management. Dr. Leeb’s comments surprised KWN in many ways, here is how he started the interview, “I think the United States has been asleep at the switch for a long time, and I think the Chinese in contrast have been wide awake to an emerging problem in the world and it’s one called resource scarcity. We’ve heard a lot about resource scarcity and mostly the reaction in the US is just to shrug their shoulders, we’ll figure out a way around it. Well, there really is not a way around certain kinds of scarcities.”
When asked where silver is headed in terms of price Leeb responded, “I could just look at it from a monetary point of view, forget about all of the industrial applications. The ratio of silver to gold in the world is about ten to one, maybe seven and a half to one, above and below ground if you look at reserves. So as a monetary metal you could make a case that silver should already be no more than a ten to one ratio with gold.”
When asked with the ten one ratio putting silver $150, is that an outrageous price for silver today Leeb responded, “No it isn’t, it’s not at all outrageous. Silver at $150 is in no way outrageous. I’m not counting the critical applications in the industrial and renewable areas.”
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Don’t Expect the Value of Your Home To Rise Anytime Soon
Being in the market to buy... these articles make me want to wait for a lower price. One thing I notice is that even though prices are coming down, condo monthly dues are not! They will have to at some point or they will further drive away buyers.
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Don’t Expect the Value of Your Home To Rise Anytime Soon
http://www.shtfplan.com/forecasting/dont-expect-the-value-of-your-home-to-rise-anytime-soon_05252011
Bad news for homeowners and real estate investors who were expecting a recovery real estate.
Despite the trillions of dollars pumped into the economy to ‘stabilize’ prices at pre-crash bubble highs, nature continues to force a shift towards equilibrium in the real estate market:
The ailing housing market remains hampered by the backlog of distressed properties, which is growing larger as banks repossess more homes than they sell.
Banks now hold more than 872,000 homes, nearly twice as many as in 2007, the New York Times reports, citing data from RealtyTrac. In regions like Atlanta and Minneapolis, banks are seizing more homes than they’re selling, suggesting that their staffs are overwhelmed by the volume of foreclosures, the NYT notes.
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As of January, the shadow inventory constituted a nine-month supply of properties, according to a March report from data-provider CoreLogic.
The fall in prices even appears to be accelerating, as home values fell 3 percent in the first three months of this year, for the biggest quarterly drop since 2008, according to a report from data-provider Zillow. Home values will continue falling through the year, and likely won’t stabilize until 2012, Zillow chief economist Stan Humphries said in a statement earlier this month.
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Don’t Expect the Value of Your Home To Rise Anytime Soon
http://www.shtfplan.com/forecasting/dont-expect-the-value-of-your-home-to-rise-anytime-soon_05252011
Bad news for homeowners and real estate investors who were expecting a recovery real estate.
Despite the trillions of dollars pumped into the economy to ‘stabilize’ prices at pre-crash bubble highs, nature continues to force a shift towards equilibrium in the real estate market:
The ailing housing market remains hampered by the backlog of distressed properties, which is growing larger as banks repossess more homes than they sell.
Banks now hold more than 872,000 homes, nearly twice as many as in 2007, the New York Times reports, citing data from RealtyTrac. In regions like Atlanta and Minneapolis, banks are seizing more homes than they’re selling, suggesting that their staffs are overwhelmed by the volume of foreclosures, the NYT notes.
…
As of January, the shadow inventory constituted a nine-month supply of properties, according to a March report from data-provider CoreLogic.
The fall in prices even appears to be accelerating, as home values fell 3 percent in the first three months of this year, for the biggest quarterly drop since 2008, according to a report from data-provider Zillow. Home values will continue falling through the year, and likely won’t stabilize until 2012, Zillow chief economist Stan Humphries said in a statement earlier this month.
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Green Shoots, Exit Strategy, No QE3, Silver
Basically all this article says is that everything put out by the FedRes is a complete lie. He goes on to say that QE3 must happend, and they talks a little about gold and silver. I will put up a chart and quote on silver from the article.
Reading this makes me feel better on silver and makes me not want to sell a chunk at $40 like I had planned. Oh well, I'll just play it by ear.
Quote from the article, "Gold will not stop until it surpasses at least $5000 to $7000 in price. Silver will not stop until it surpasses at least $150 to $200 in price. Such forecasts invite mockery, but in two years they will seem prescient."
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Green Shoots, Exit Strategy, No QE3
http://silverbearcafe.com/private/05.11/shoots.html
The beauty of the silver decline is that when it reverses, there is no technical resistance of significance back to the $50 level. However, due to the shock effect, the climb will be slower than a sudden technical mirror image reversal. The precious metals investors should hope for a slow steady relentless painful nasty stubborn awesome devastating rise in price that doles out excruciating pain to the cartel, permits once again for the less enlightened doubters to cover their wrong short positions in a chronic manner. The story in the Silver chart has four weeks and four different stories. The first week of May had the powerful decline, the result of hitting the Hunt nominal target, Soros putting out his deceptive story of selling that which he called a bubble for a full year, the COMEX raising the margin requirement five times in quick succession, the USFed putting out its deceptive story about ending debt monetization and maybe hiking rates (gotta be dumb as a post to believe), the USEconomy demanding less in commodities. The second week showed a strong clear Doji Star, which epitomizes a move to stability. The Silver price found its footing and stood still, encouraging many investors to re-enter the market. The third week was less clear except to technical chart readers. It featured a strong clear Bull Hammer identified by an open and close at the high for the week, with price movement lower during the week. The hint was given on Monday of this week for a rebound. The US$ DX index was rising a little, as the Euro currency was sliding lower, like over 100 basis points for the day. Gold & Silver ignored it. Gold rose a little, while Silver was even at $35. Today, Silver is pushing $38 per ounce, and Gold is rising too. No resistance ahead!!
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Reading this makes me feel better on silver and makes me not want to sell a chunk at $40 like I had planned. Oh well, I'll just play it by ear.
Quote from the article, "Gold will not stop until it surpasses at least $5000 to $7000 in price. Silver will not stop until it surpasses at least $150 to $200 in price. Such forecasts invite mockery, but in two years they will seem prescient."
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Green Shoots, Exit Strategy, No QE3
http://silverbearcafe.com/private/05.11/shoots.html
The beauty of the silver decline is that when it reverses, there is no technical resistance of significance back to the $50 level. However, due to the shock effect, the climb will be slower than a sudden technical mirror image reversal. The precious metals investors should hope for a slow steady relentless painful nasty stubborn awesome devastating rise in price that doles out excruciating pain to the cartel, permits once again for the less enlightened doubters to cover their wrong short positions in a chronic manner. The story in the Silver chart has four weeks and four different stories. The first week of May had the powerful decline, the result of hitting the Hunt nominal target, Soros putting out his deceptive story of selling that which he called a bubble for a full year, the COMEX raising the margin requirement five times in quick succession, the USFed putting out its deceptive story about ending debt monetization and maybe hiking rates (gotta be dumb as a post to believe), the USEconomy demanding less in commodities. The second week showed a strong clear Doji Star, which epitomizes a move to stability. The Silver price found its footing and stood still, encouraging many investors to re-enter the market. The third week was less clear except to technical chart readers. It featured a strong clear Bull Hammer identified by an open and close at the high for the week, with price movement lower during the week. The hint was given on Monday of this week for a rebound. The US$ DX index was rising a little, as the Euro currency was sliding lower, like over 100 basis points for the day. Gold & Silver ignored it. Gold rose a little, while Silver was even at $35. Today, Silver is pushing $38 per ounce, and Gold is rising too. No resistance ahead!!
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z
RealtyTrac reports nearly one-third of home sales are distressed
Old news to some...
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RealtyTrac reports nearly one-third of home sales are distressed
http://www.housingwire.com/2011/05/26/realtytrac-reports-nearly-one-third-of-home-sales-are-distressed
Sales of bank-owned homes and properties in some stage of foreclosure accounted for 28% of all U.S. residential sales in quarter one, up from 27% in the fourth quarter, RealtyTrac said Thursday in its 1Q 2011 survey.
The foreclosure data firm added that the average sales price of properties in foreclosure fell 1.89%, hitting $168,321 during the same period.
The average sales price for properties in foreclosure also fell approximately 27% below prime properties, the report said.
During the quarter, third-parties acquired 158,434 U.S. bank-owned homes and properties in some stage of the foreclosure process, down 16% from the revised fourth-quarter figures and 36% from year-ago levels.
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RealtyTrac reports nearly one-third of home sales are distressed
http://www.housingwire.com/2011/05/26/realtytrac-reports-nearly-one-third-of-home-sales-are-distressed
Sales of bank-owned homes and properties in some stage of foreclosure accounted for 28% of all U.S. residential sales in quarter one, up from 27% in the fourth quarter, RealtyTrac said Thursday in its 1Q 2011 survey.
The foreclosure data firm added that the average sales price of properties in foreclosure fell 1.89%, hitting $168,321 during the same period.
The average sales price for properties in foreclosure also fell approximately 27% below prime properties, the report said.
During the quarter, third-parties acquired 158,434 U.S. bank-owned homes and properties in some stage of the foreclosure process, down 16% from the revised fourth-quarter figures and 36% from year-ago levels.
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z
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