Tag Archives: silver
A billion ton landslide at Utah’s Rio Tinto mine has shut down mining. Rio Tinto is the world’s biggest copper mine and produces 17% of US copper. Tam points out that ammo, already hard to get, will just get that … Continue reading
Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling And Unfounded Panic I had staggered stop loss orders in place that sold almost all of holdings on the way down, so I’m still in the black, but it’s … Continue reading
Yesterday the Federal Reserve announced a new round of quantitative easing, AKA money printing. The Fed plans to purchase $40 billion mortgage-backed securities (MBS) from banks and other lenders every month indefinitely. The Fed is supposedly doing this to encourage … Continue reading
Gold and silver prices were spookily stable for months. They wouldn’t budge. Now they’re moving up nicely. ZeroHedge – Gold And Silver Surge Above 200DMA MarketWatch – Is gold heading to $4,500?
Zero Hedge – As US Debt To GDP Passes 101%, The Global Debt Ponzi Enters Its Final Stages Most people still think of China as buying our debt, but China is unloading U.S. debt. The biggest buyer of U.S. debt … Continue reading
Chris Martensen - Why Our Currency Will Fail: Also note in the most recent data that oil prices happen to be at roughly the same level that triggered the first recession in 2008 (the purple dotted line). If we needed … Continue reading
A persuasive case for much higher silver prices.
I hope you got some while it was on sale. If not and you’ve been wanting in, you probably shouldn’t wait. I’m just a simple caveman, but I think the days of gold in the 1500s and silver in the … Continue reading
Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran. According to IMF … Continue reading
Source. That doesn’t even include silver for US jewelry or industrial uses. Now I’m just a simple caveman, but that should put upward pressure on silver prices, amirite?
Gold’s 10 percent gain in 2011 extends run to 11th year. Gold rose 1 percent on Friday, rebounding from losses earlier this week that sent the market briefly into bear territory, and the metal sealed its 11th consecutive year of … Continue reading
Barron’s – The Silver Rush at MF Global The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of … Continue reading
Cheer up. It may get ugly in the next little bit, but it should be better next year. Citi Predicts Gold At $3400 In “The Next Two Years”, Potential For Move As High As $6000: While we remain cautious on … Continue reading
I picked up one of these at an antique store here in town while looking for patio furniture. It was $18 for a 1942, non-neumismatic example that I can carry in my pocket as a good luck piece. It’s pre-1963 … Continue reading
Well, good news everyone. Gold and silver are off their recent highs of around $1900 and $40, so back up the truck. The drops seem to be due to a combination of a sell-off in everything, upcoming Comex expirations, and … Continue reading