“QE-3 to the moon, Alice!” should be the headline of the day today, but in all likely hood, it will never grace a front page or make the evening news. The reality of what happened today is world changing. The powers that be have acknowledged that the Euro is doomed and that Germany is not strong enough, in its own right, to save the European [...]
As I look at the gold market this week, I can’t help but think, what’s wrong with this picture? The excesses of European socialism are playing out in the European debt crisis. Greece is toast and Italy, France and Portugal may not be far behind. The question now becomes will the Euro survive? It doesn’t seem likely unless Germany throws itself onto the fires of [...]
Learning how to put gold in your IRA is not a difficult task, but it does take a little thought before you go down that path. There are a few things to consider that might have ramifications down the road. With that being said, let’s take a look at how to put gold in your IRA, while possibly explaining why you would want to. We [...]
The financial wizards of the European Union have finally come up with the solution to the Greek problem. The question now becomes, is this the solution or is it just enabling? After hearing nothing but threats about the imminent Greek default for the last three months, the European leaders were able to talk the bondholders into taking a 50% loss on their Greek debt. The [...]
The week ending August 12th launched gold into a whole new phase as gold easily pushed through $1,800 per ounce. Gold closed Friday at $1,746.30 down $21.30 for the day. The usual gang of top callers were immediately out saying that gold had gone to far, too fast , was in a parabolic spike and was showing signs of entering a blow off top. Nothing [...]
The Fed Chairman testified before Congress today and gold surged on Bernanke’s testimony. Fed Chairman, Ben Bernanke told Congress that the U.S. economy is at a crossroads, and indicated that the central bank was prepared to provide further stimulus to the economy. Investors immediately sold dollars, bought stocks and pushed gold to a new all-time high of $1,588.90 in the August futures. I have been [...]
PIMCO’S Bill Gross predicts QE3 and he is not alone. The economy is in shambles, and all of the Obama regime’s attempts at obfuscating the truth will do nothing to alter the facts. The U.S. economy is frozen between barely growing and teetering on a depression. The sad truth about this is, that it is by design. You cannot tell me that “smartest man to [...]
So the Fed, in so many words, insists the economy is just facing a bump in the road. I feel much better now. It is so reassuring to have people in charge that know what is required to fix a problem and who are not afraid to take the steps to do it. Oh right, this is Bernanke and the Obama regime. For a second [...]
As the U.S. sinks further into the economic and foreign policy malaise that is the Obama administration, the rest of the world marches on and we are left to ponder what might have been, while facing a world with Russia and China united. It is shocking to see the United States shrinking economically and in world wide influence, while Russia continues to make bold alliances [...]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Recent Comments