Archive - Sep 2012 - Blog entry

For the first time since September of 2010, nearly two years ago, has the Case Shiller 20 City Index realized a year-over-year gain. Does this signify a sustainable turning point for the market? 

Draghi floods the Eurozone with new money. The Bundesbank says it's like printing banknotes and won't solve the problem. Who is getting sterilized?

Latest reports...

Central Banks United have the upper hand these days. So don’t mess with them…

At least not this week…

What Draghi did is buy some time. About three months worth of time. But at what cost?

XAU/EUR Exchange Rate Daily - (Bloomberg)

Gold at €1,355/oz, just 2.5% from the record high of €1,390/oz, is a sign of a continuing lack of trust in the euro and in Draghi’s stewardship at the ECB.

Wake up call...

Not Cypriot money flowing into Russia, but Russian money flowing back.

Today's ZH articles in audio summary! "It's so funny, that even Bernanke had a sly chucke! Of course, before alerting authorities to have me executed. " Everyday @ 8pm New York Time.

So, ok, yes, there’s a huge conditional bazooka out there, but who wants to really use it?

 Seems like a huge defibrillator. Good to have, but beware of not shocking the patient too much. 

Dear Friend of GATA and Gold (and Silver):

GATA Chairman Bill Murphy's appearance today on the Russia Today television network's "Capital Account" program, hosted by Lauren Lyster, has been posted at YouTube here:

http://www.youtube.com/watch?v=sxVsosT3GAw

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Prevent WWIII  (Which Would Be Really Bad for Your Investment Portfolio, Notwithstanding Keynesian Thinking) by Learning this Little-Known Secret of History 

So what's driving these high ass oil prices? Fundamentals, paper pushing derivatives, fraud, or fear? A common sense discussion ensues...

Coverboy, Mario Draghi...

Who built that?