Fed statement: "The committee currently anticipates that economic conditions -- including low rates of resource utilization and a subdued outlook for inflation over the medium run -- are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013." Three fed officials dissented with this decision. GoldSeek.com
08-09-2011 | E-mail | Item
S&P downgrades U.S. credit rating - S&P announced Friday night that it has downgraded the U.S. credit rating for the first time (Lowering the nation’s rating to one notch below AAA), dealing a symbolic blow to the world’s economic superpower. Washington Post
08-06-2011 | E-mail | Item
Jim Sinclair live in London: “Gold must be your central investment. Gold $1764 is key level to watch, followed by $1,910, $2,400, $2,850 then $3,280. The coming move in gold will be so significant that you will not need a leveraged vehicle (margin) to profit from it. Gold is going to find its way back into the system as a virtual reserve currency. It will not be convertible; related to world liquidity. Gold will overvalue itself at some point but no major fall; it is not the 1980's type situation.
Gold stocks - value is the catalyst which will have the final impact on the share prices. Cabal in the gold shares. Will begin to see movement from gold to gold shares for leverage, selectively. Physical gold dividend will force shorts to cover with actual metal.
We are the victims of the crime of reckless endangerment. OTC derivatives; toxic items totaling one-QUADRILLION. Defend yourself against this runaway greed, being fed off of fear.
Nothing has been settled in this world. Governments do nothing but spend and debt is allowed to climb. No rational solution being considered. The comic effect of the debt ceiling rising is a clear indication of this. Expects a partial default in the US, not a full default. There is a rolling default every day. Federal Reserve has no choice but to produce paper.” GoldSeek.com at GATA's Gold Rush Conference in London
08-05-2011 | E-mail | Item
John Embry live in London: "Gold, silver prices are going to levels unimaginable; today's prices will look like mere blips compared to the astronomical prices coming. Gold cartel's influence rapidly declining (gold/silver); manipulation remains strong in gold and silver stocks. But manipulation of free markets will ultimately fail. Gold rapidly re-establishing itself as money. Train wreck of epic proportions ongoing - will be the greatest wealth transfer in history" GoldSeek.com at GATA's Gold Rush Conference in London
08-05-2011 | E-mail | Item
