Archive - Jul 12, 2012 - Blog entry

"Should Goldman Sachs go out of business" [Reuters] and who will save the JP Whale?

Many Other Core Economic Figures Manipulated As Well

Not very, I presume. Until shareholders see real dollars flowing back to the extent that dividends can be materially boosted, keep hope alive...

Three short articles on investor sentiment, and why this rally was doomed from the start.

Can’t keep count of EGB all-time lows anymore: let’s simplify by saying that the whole non-Peripherals EGB universe up to 5 YRS has traded new all-time lows today. Under pressure… 

Katrina is still the best argument for self-reliance. Oh, no! Here comes FEMA.

Today's AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce.
Yesterday’s AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce.

Gold rose by 0.5% in New York yesterday and closed up $8.20 to $1,576.60/oz. Silver rose 0.93% or 25 cents to close at $27.09/oz.

Gold gradually ticked lower in Asian trading and has seen further slight weakness in European trading. Still robust physical demand is supporting gold at these levels and strong support is at the $1,500/oz level. 

By this 3rd installment in this series of truths, it should be evident that PEI is one of the most obvious shorts of the year. The interesting part is that I have barely scratched the surface of this company's problems. Should the share price hold up long enough for me to finish publishing my findings???

Whether Technology Imprisons Us Or Frees Us Remains To Be Seen … The Result Is Largely Up To Us: Scientists, Engineers And We The People As A Whole