The Gold Standard In Smooth

Seriously, how smooth is Spain. After asking for direct capitalization of its banks in an effort to bypass the austerity requirements that are commingled with ECB loans, Spain called a last minute press conference today to declare its intention to ask for financing through normal channels in an effort to stave off its growing debt…

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The Price of Gold

Today is June 8, 2012 and the price of gold is $1597.40 and the market is closed for the weekend. Gold prices were down for much of the day until late afternoon when word hit the street that Goldman Sachs revised downward their Q2 GDP estimates from 2.0 to 1.8% expected growth, which along with…

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Smoke and Mirrors, It’s Fantasyland

The powers that be are circling the wagons in Europe, trying to figure out how to make every effort to convince people of two things, each of which is virtually impossible: 1) That the various disparate European powers actually CAN come to terms on a coherent, consistent financial stabilization plan where all countries are held…

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BIggest Single Day Point Drop In Seven Months Leaves Down Below 200 DMA

Gold has now outperformed equities for 2012, and though we’re only halfway through the year, there’s good reason to believe that precious metals will continue to hold or outperform stocks. Here are the reasons why: 1) Japan’s aging population and recently renovated-through-natural-disaster infrastructure is under-performing and will directly affect our ability to sell electronics and…

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