By Greg Hunter’s USAWatchdog.com -5 November 2010
One day after the Federal Reserve announced a $600-$900 billion second round of Quantitative Easing (QE2), gold and silver hit fresh all-time highs. Yesterday, the yellow metal surged more than $40 an ounce to well over $1,390 before falling back a few dollars in after hours trading. Silver, also, had a monster move! It was up more than a $1.50 per ounce. It, too, retracted slightly in after hours trading. That surge in precious metals is a debilitating rebuke of the Federal Reserve’s wild and unprecedented money printing policies. How bad is it, really, for the Fed to feel this is a good idea? Gold is acting like a predator that smells the blood of wounded prey. LINK...
Saturday, November 6, 2010
Friday, November 5, 2010
Marc Faber's Outlook for 2009 and Why it Echoes Today
http://www.24hgold.com/article-gold-silver--Video-Marc-Faber-on-the-Economy-goldand-the-shares.aspx?langue=en&articleid=360731_Bloomberg
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Mr. Faber holds no punches on who's to blame for the financial crisis. His thoughts then are spot on to what is happening now. Who says no one can predict the markets? Listen to what Mr. Faber said at the end of 2008 and think about what is happening now. Especially with Gold! BK
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Mr. Faber holds no punches on who's to blame for the financial crisis. His thoughts then are spot on to what is happening now. Who says no one can predict the markets? Listen to what Mr. Faber said at the end of 2008 and think about what is happening now. Especially with Gold! BK
Thursday, November 4, 2010
Commodity Prices Rise Forcing Retailers to Raise Food Prices on the Shelf
Compliments of Dan Norcini from JSMineset
Posted: Nov 04 2010 By: Dan Norcini Post Edited: November 4, 2010 at 10:45 am
Food Sellers Grit Teeth, Raise Prices
From THE WALL STREET JOURNAL – An inflationary tide is beginning to ripple through America’s supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades. Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months. And food makers and retailers including McDonald’s Corp., Kellogg Co. and Kroger Co. have begun to signal that they will try to make consumers shoulder more of the higher costs for ingredients. LINK...
Posted: Nov 04 2010 By: Dan Norcini Post Edited: November 4, 2010 at 10:45 am
Food Sellers Grit Teeth, Raise Prices
From THE WALL STREET JOURNAL – An inflationary tide is beginning to ripple through America’s supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades. Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months. And food makers and retailers including McDonald’s Corp., Kellogg Co. and Kroger Co. have begun to signal that they will try to make consumers shoulder more of the higher costs for ingredients. LINK...
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