Christmas in JULY Gold on Sale at 920 and Silver at 17.37
Please do not think that I have gone back to the old pagan celebrations of so called X-mas, what I am referring to what RETAIL market Capitalist refer to and what is defined in WIKEPEDEA as Christmas in July, alternatively Holiday(s) in July in the United States, is a party concept exploited as a marketing opportunity.[citation needed] It generally occurs during the month of July coincidentally near July 26, ....
Well it is July 23 and without telling anyone about it. the manipulators started a BIG SALE on GOLD and SILVER just ahead of schedual. Those of you watching this need to be aware that the market fundamentals have not changed except for the worse and that the reset of the world is going the same way as the US if not worse already.
Who knows why they wanted to put up this sale but here it is... It could possible even go a little lower but for those of you looking to dollar cost average your silver and Gold holdings this looks like a possible short lived window of opportunity to get a little extra.
Note this should have been put up at about 9:30 am but the Net connection was bad so now it is 4:30 Silver at 17:38 and Gold at 919 OIL Down
The sale is still on...
Side Note:
\If ou have an opportunity to trade GOLD for Silver at 53 to one now would be, in my opinion, a good time to do it. The other day it was about 51 to one. So you would be getting two extra ounces of Silver today.
Wednesday, July 23, 2008
Tuesday, July 15, 2008
LawnMan Financial Adviser?
My children and I have a sort of joke when it comes to the financial world and Gold and Silver and just all around economics: "The Lets call the lawn Guy".
How is it that the gurus at the Big Firms in town can be so terribly , deliberately BLIND when it comes to the inflation problems and Bank problems until just the day before or the day after an implosion or collapse and yet the average guy on the street, with no education in financial matters can figure out that something has been wrong for a very long time?
Paulson, BerNecktie and the financial parrots on FOX CNBC and the other " Fair and Balanced mainstream news reporting groups are circling the wagons and telling everyone that there are no real problems at MAY and MAC and that the so called banking problems are rumor driven only... MEAN WHILE back at the bat cave more and more banks are going under. FDIC can not cover the losses and MAC and MAY are for all other accounts insolvent.
HINT: When ever the talking heads are telling you NOT TO WORRY and that there is no need to PULL YOUR MONEY out of the BANK.... it is time to wake up early and go and get all your money out of the bank. Do the opposite that they say. Push come to shove and they manage to get back on the feet HAHAHAHAHAH, you can always put your money back, If however they are telling "NOT TRUTHS" again and you wait you will simply be waiting in line for an FDIC promise. If you have any REAL cash in the bank ( Over 100,00 or in special cases 250K jointly) you are simply a FOOL to keep that cash without even the glimmer of a hope for FDIC help in jeopardy.
THE FULL FAITH and CREDIT of the US Government will back up MAY and MAC? Sure they will. and who will they borrow the money from in order to do that when the banks are folding up and the FED has spent all its extra FRNS gobbling up half the mortgages in the country?
OH sure the Federal Government can simply PRINT the extra they need and then give it to the Federal Reserve and borrow it back at interest to do the job, or the Federal Reserve could just push congress to give them even more power and some how become the BEAST without whom you can not buy or sell.
MEANWHILE out in the yard.... We have been telling you for YEARS to get out of the so called financial institutions and become self sufficient, The gurus said buy Stocks and Bonds and get that whopping 3.5%, or in the case of Stocks, just a straight scrubbing. While we have said buy Gold and Silver, Keep you cash on hand ( Not in Banks) and prepare for the very thing you see happening around you right now.
The Dollar has hit yet again a record LOW against the Euro
"July 15 (Bloomberg) -- The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth.
The currency also weakened to the lowest level in more than a month against the Japanese yen and to a 25-year low versus the Australian dollar on concern confidence in the debt of Fannie Mae and Freddie Mac will wane even after the U.S. government pledged support for the two-largest buyers of home loans. The pound surpassed $2 for the first time since July 1 after U.K. inflation quickened to the fastest pace in at least 11 years.
``The markets are reacting negatively to the renewed credit crisis in the U.S. and that's hurting the dollar across the board,'' said Roberto Mialich, a Milan-based currency strategist at Unicredit Markets & Investment Banking, a unit of Italy's largest lender. ``The market is speculating that Bernanke will offer a gloomy outlook for the U.S. economy.''
The dollar declined to $1.6038 per euro, the lowest since the euros inception in 1999,"
Gold is at over 980 and Silver over 19.40 and the stock markets around the world are in a tumble.. RUMERS? Come on BerNecktie and Paulson you can do better then that.
"U.S. producer prices increased 8.7 percent from a year earlier in June, "
IMHO The only way to make the Dollar look good and the American economy to not look do bad is to SINK a few other economies out there. Tank the Australian or the Euro economy. Bring Briton to her knees cause an accident or another 911 type distraction.
Will the Market go below 11k today? Funny thing is it already has if you think about it in Dollar FRN spending value in fact when you figure it that way and after taxes when cashed out the Stock market tanked well below 5K a long time ago..
What are you waiting for?
My children and I have a sort of joke when it comes to the financial world and Gold and Silver and just all around economics: "The Lets call the lawn Guy".
How is it that the gurus at the Big Firms in town can be so terribly , deliberately BLIND when it comes to the inflation problems and Bank problems until just the day before or the day after an implosion or collapse and yet the average guy on the street, with no education in financial matters can figure out that something has been wrong for a very long time?
Paulson, BerNecktie and the financial parrots on FOX CNBC and the other " Fair and Balanced mainstream news reporting groups are circling the wagons and telling everyone that there are no real problems at MAY and MAC and that the so called banking problems are rumor driven only... MEAN WHILE back at the bat cave more and more banks are going under. FDIC can not cover the losses and MAC and MAY are for all other accounts insolvent.
HINT: When ever the talking heads are telling you NOT TO WORRY and that there is no need to PULL YOUR MONEY out of the BANK.... it is time to wake up early and go and get all your money out of the bank. Do the opposite that they say. Push come to shove and they manage to get back on the feet HAHAHAHAHAH, you can always put your money back, If however they are telling "NOT TRUTHS" again and you wait you will simply be waiting in line for an FDIC promise. If you have any REAL cash in the bank ( Over 100,00 or in special cases 250K jointly) you are simply a FOOL to keep that cash without even the glimmer of a hope for FDIC help in jeopardy.
THE FULL FAITH and CREDIT of the US Government will back up MAY and MAC? Sure they will. and who will they borrow the money from in order to do that when the banks are folding up and the FED has spent all its extra FRNS gobbling up half the mortgages in the country?
OH sure the Federal Government can simply PRINT the extra they need and then give it to the Federal Reserve and borrow it back at interest to do the job, or the Federal Reserve could just push congress to give them even more power and some how become the BEAST without whom you can not buy or sell.
MEANWHILE out in the yard.... We have been telling you for YEARS to get out of the so called financial institutions and become self sufficient, The gurus said buy Stocks and Bonds and get that whopping 3.5%, or in the case of Stocks, just a straight scrubbing. While we have said buy Gold and Silver, Keep you cash on hand ( Not in Banks) and prepare for the very thing you see happening around you right now.
The Dollar has hit yet again a record LOW against the Euro
"July 15 (Bloomberg) -- The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth.
The currency also weakened to the lowest level in more than a month against the Japanese yen and to a 25-year low versus the Australian dollar on concern confidence in the debt of Fannie Mae and Freddie Mac will wane even after the U.S. government pledged support for the two-largest buyers of home loans. The pound surpassed $2 for the first time since July 1 after U.K. inflation quickened to the fastest pace in at least 11 years.
``The markets are reacting negatively to the renewed credit crisis in the U.S. and that's hurting the dollar across the board,'' said Roberto Mialich, a Milan-based currency strategist at Unicredit Markets & Investment Banking, a unit of Italy's largest lender. ``The market is speculating that Bernanke will offer a gloomy outlook for the U.S. economy.''
The dollar declined to $1.6038 per euro, the lowest since the euros inception in 1999,"
Gold is at over 980 and Silver over 19.40 and the stock markets around the world are in a tumble.. RUMERS? Come on BerNecktie and Paulson you can do better then that.
"U.S. producer prices increased 8.7 percent from a year earlier in June, "
IMHO The only way to make the Dollar look good and the American economy to not look do bad is to SINK a few other economies out there. Tank the Australian or the Euro economy. Bring Briton to her knees cause an accident or another 911 type distraction.
Will the Market go below 11k today? Funny thing is it already has if you think about it in Dollar FRN spending value in fact when you figure it that way and after taxes when cashed out the Stock market tanked well below 5K a long time ago..
What are you waiting for?
Friday, July 11, 2008
I see trees of green, Red roses too....
Freddy and Fanny , two Government Created companies that are floundering own over half of the 12 TRILLION DOLLARS worth of mortgage debt. Do not let anyone fool you with vain words, these two are insolvent. Now the Government is looking at ways to save their little fascist couple and allow them to live a little longer. The problem is however that the Government is way beyond their constitutional limitations on several counts. One being the creation of these companies by the Fascist FDR in the 30s and Nixon in the 70s. Another being their plan to tap all the taxpayers in the country in order to bail them out. One fellow with some fiscal understanding said it best:
"The federal government can't afford to take over all of Fannie Mae's and Freddie Mac's operations, because such a move would more than double federal government debt outstanding and ``have disastrous consequences for the dollar,'' said Joshua Rosner, an analyst with Graham Fisher & Co. Inc. in New York."....
United States -
TOKYO, July 11 (Reuters) - The U.S. government is considering taking over the top U.S. mortgage lenders Fannie Mae and Freddie Mac and placing them into conservatorship if their problems worsen, the New York Times reported, citing people briefed about the plan.
Under conservatorship, the shares of Fannie and Freddie would be worth little or northing, and any losses on the mortgages they guarantee would be paid by taxpayers, the New York Times said in the report published late on Thursday....
Folks this is real real big and as long as it is look for Gold to be up and the dollar down in relationship to real stuff. Also keep an eye on Israel and their sabre rattling. They know that a threat to bomb Iran will drive the price of Oil up.. and if they do it .. WAY UP and that helps their bottom line in wall street. Could you imagine being able to control the price of your commodities and your investments just by bombing or threatening to bomb another country?
July 11 (Bloomberg) -- Crude oil rose more than $4 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.
Oil rallied to a record high of $145.98 a barrel after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran.
Update: 9:16 AM OIL: 146.45.... GOLD 961.50.... Silver 18.61... DOLLAR DOWN (72.27)
Update: 10:13 PM OIL: 144.41...GOLD 965.40....Silver 18.87... DOLLAR DOWN (71.89)
DOW JONES DOWN 128.48
UPDATE 7:55AM 7/15 OIL 146.21....GOLD 986...Silver 19.46..DOLLAR DOWN (71.40)
P.S. Lowest EVER AGAINST THE EURO....1.6006
And now you know another reason we went into Iraq....
What a wonderful world...
Freddy and Fanny , two Government Created companies that are floundering own over half of the 12 TRILLION DOLLARS worth of mortgage debt. Do not let anyone fool you with vain words, these two are insolvent. Now the Government is looking at ways to save their little fascist couple and allow them to live a little longer. The problem is however that the Government is way beyond their constitutional limitations on several counts. One being the creation of these companies by the Fascist FDR in the 30s and Nixon in the 70s. Another being their plan to tap all the taxpayers in the country in order to bail them out. One fellow with some fiscal understanding said it best:
"The federal government can't afford to take over all of Fannie Mae's and Freddie Mac's operations, because such a move would more than double federal government debt outstanding and ``have disastrous consequences for the dollar,'' said Joshua Rosner, an analyst with Graham Fisher & Co. Inc. in New York."....
United States -
TOKYO, July 11 (Reuters) - The U.S. government is considering taking over the top U.S. mortgage lenders Fannie Mae and Freddie Mac and placing them into conservatorship if their problems worsen, the New York Times reported, citing people briefed about the plan.
Under conservatorship, the shares of Fannie and Freddie would be worth little or northing, and any losses on the mortgages they guarantee would be paid by taxpayers, the New York Times said in the report published late on Thursday....
Folks this is real real big and as long as it is look for Gold to be up and the dollar down in relationship to real stuff. Also keep an eye on Israel and their sabre rattling. They know that a threat to bomb Iran will drive the price of Oil up.. and if they do it .. WAY UP and that helps their bottom line in wall street. Could you imagine being able to control the price of your commodities and your investments just by bombing or threatening to bomb another country?
July 11 (Bloomberg) -- Crude oil rose more than $4 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.
Oil rallied to a record high of $145.98 a barrel after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran.
Update: 9:16 AM OIL: 146.45.... GOLD 961.50.... Silver 18.61... DOLLAR DOWN (72.27)
Update: 10:13 PM OIL: 144.41...GOLD 965.40....Silver 18.87... DOLLAR DOWN (71.89)
DOW JONES DOWN 128.48
UPDATE 7:55AM 7/15 OIL 146.21....GOLD 986...Silver 19.46..DOLLAR DOWN (71.40)
P.S. Lowest EVER AGAINST THE EURO....1.6006
And now you know another reason we went into Iraq....
What a wonderful world...
Thursday, July 10, 2008
Here we Go again,
If you thought that there were going to be problems when the credit crises hit the banking institutions went belly up just wait till the market finally faces the reality that FreddyMack and FannyMay are insolvant. Jus as I said over two years ago after reading a small article, these two GOVERNMENT WELFARE PROJECTS are poorly run and they are set to fall. The problem is they are tied to almost half of all the mortgages in the country and millions of families will be effected when it happens. Investments in these two socialist projects needs to to abandoned. If I had money in them as an investment, I would get it out ( I never would have put a dime in in the first place just on moral grounds) They are insolvent by any ones financial reckoning and they have been for quite some time. if the Government and the FED had not been dumping all their free FRN's in there in the first place the 1970 project would have gone belly up long ago. It is wrong for the government to be a LOAN officer. It is UNconstitutional for them to Charter companies and get involved in the "market". Unless of course we are not in America anymore and are in reality Amerika.
Gold is way UP.. they are blaming Iran's missile tests, however after looking at bloomberg's story on Fanny and Freddy you will see the real reason....
Fannie, Freddie Tumble on Bailout Concern, UBS Cut (Update1)
By Dawn Kopecki and Shannon D. Harrington
July 10 (Bloomberg) -- Fannie Mae and Freddie Mac, the two biggest providers of financing for U.S. home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.
Fannie Mae tumbled as much as 20 percent and Freddie Mac slumped as much as 29 percent in New York Stock Exchange composite trading after UBS AG analysts said the company creates ``challenges'' for the company's plans to raise $5.5 billion, UBS analysts said in a report today.
Chances are increasing that the U.S. will bail out Fannie Mae and Freddie Mac because they don't have enough capital to weather the worst housing slump since the Great Depression, former St. Louis Federal Reserve President William Poole said in an interview. Freddie Mac owed $5.2 billion more than its assets were worth in the first quarter, making it insolvent under fair value accounting rules, he said. The fair value of Fannie Mae's assets fell 66 percent to $12.2 billion, data provided by the Washington- based company show, and may be negative next quarter, Poole said.
``Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer,'' Poole, 71, who left the Fed in March, said in the interview yesterday.
Fair value accounting measures a company's net worth if it had to liquidate all of its assets to repay liabilities. Fannie Mae and Freddie Mac, both of whom have the implicit backing of the government, make money by borrowing in the bond market and reinvesting the proceeds in higher-yielding mortgages and securities backed by home loans.
`Inflection' Point
Fannie Mae slumped $2.70 to $12.61 at 10:19 a.m., extending declines for the year to 69 percent. Freddie Mac tumbled $2.96 to $7.30, taking its 2008 slide to 78 percent. UBS AG analysts led by Eric Wasserstrom in New York increased their estimates for losses at Freddie Mac and cut their price target for the stock to $10 from $28 after meeting with Freddie Mac's chief financial officer Anthony Piszel and controller David Kellerman, according to a report today.
Fannie Mae and Freddie Mac have raised a combined $20 billion since December to cover losses of more than $11 billion generated since the credit crisis began last year. Freddie Mac has yet to raise a planned $5.5 billion, scheduled for mid-year. ....."
now you know the reason Paulson went on in his speech the other day about there needing to be a way for the " biggest institutions " to be able to go belly up.... The biggest institutions are GOING BELLY UP.
If you thought that there were going to be problems when the credit crises hit the banking institutions went belly up just wait till the market finally faces the reality that FreddyMack and FannyMay are insolvant. Jus as I said over two years ago after reading a small article, these two GOVERNMENT WELFARE PROJECTS are poorly run and they are set to fall. The problem is they are tied to almost half of all the mortgages in the country and millions of families will be effected when it happens. Investments in these two socialist projects needs to to abandoned. If I had money in them as an investment, I would get it out ( I never would have put a dime in in the first place just on moral grounds) They are insolvent by any ones financial reckoning and they have been for quite some time. if the Government and the FED had not been dumping all their free FRN's in there in the first place the 1970 project would have gone belly up long ago. It is wrong for the government to be a LOAN officer. It is UNconstitutional for them to Charter companies and get involved in the "market". Unless of course we are not in America anymore and are in reality Amerika.
Gold is way UP.. they are blaming Iran's missile tests, however after looking at bloomberg's story on Fanny and Freddy you will see the real reason....
Fannie, Freddie Tumble on Bailout Concern, UBS Cut (Update1)
By Dawn Kopecki and Shannon D. Harrington
July 10 (Bloomberg) -- Fannie Mae and Freddie Mac, the two biggest providers of financing for U.S. home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.
Fannie Mae tumbled as much as 20 percent and Freddie Mac slumped as much as 29 percent in New York Stock Exchange composite trading after UBS AG analysts said the company creates ``challenges'' for the company's plans to raise $5.5 billion, UBS analysts said in a report today.
Chances are increasing that the U.S. will bail out Fannie Mae and Freddie Mac because they don't have enough capital to weather the worst housing slump since the Great Depression, former St. Louis Federal Reserve President William Poole said in an interview. Freddie Mac owed $5.2 billion more than its assets were worth in the first quarter, making it insolvent under fair value accounting rules, he said. The fair value of Fannie Mae's assets fell 66 percent to $12.2 billion, data provided by the Washington- based company show, and may be negative next quarter, Poole said.
``Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer,'' Poole, 71, who left the Fed in March, said in the interview yesterday.
Fair value accounting measures a company's net worth if it had to liquidate all of its assets to repay liabilities. Fannie Mae and Freddie Mac, both of whom have the implicit backing of the government, make money by borrowing in the bond market and reinvesting the proceeds in higher-yielding mortgages and securities backed by home loans.
`Inflection' Point
Fannie Mae slumped $2.70 to $12.61 at 10:19 a.m., extending declines for the year to 69 percent. Freddie Mac tumbled $2.96 to $7.30, taking its 2008 slide to 78 percent. UBS AG analysts led by Eric Wasserstrom in New York increased their estimates for losses at Freddie Mac and cut their price target for the stock to $10 from $28 after meeting with Freddie Mac's chief financial officer Anthony Piszel and controller David Kellerman, according to a report today.
Fannie Mae and Freddie Mac have raised a combined $20 billion since December to cover losses of more than $11 billion generated since the credit crisis began last year. Freddie Mac has yet to raise a planned $5.5 billion, scheduled for mid-year. ....."
now you know the reason Paulson went on in his speech the other day about there needing to be a way for the " biggest institutions " to be able to go belly up.... The biggest institutions are GOING BELLY UP.
Thursday, July 03, 2008
Sorry kids no fire works today we need to buy Gasoline
THE EU Fixing to SMACK the Buck yet again as the EU will most likely raise their interest rates making their EURO more appetizing for investors. as they would most likely abandon the BUCK in order to gain a better interest rate in Europe. the battle to the bottom between competing FIAT monies is something very interesting to watch. This should cause Gold and Silver to Gain yet again, as they have been over the last few days as Federal Reserve Notes become more and more obvious as a BAD investment. Lets face it why would you invest in something that has a GUARANTEED LOSS built in every year since it was created? Gold at 950 very soon and Silver at 18.75 minimum? The premiums on online Gold sell companies like KITCO are already selling their Gold Eagles for 996+ and their 5 NINE Canada for over 1000 per ounce.( Not including shipping. Will it last?
OIL is 145+ per barrell and the Dollar index is at almost down to 72 with the EURO looking hard at 160+. Todays trading is going to be a short day so that America can pretend they are free tomorrow, so watch for high volume on the market and posible big swings and gains and Losses..
IN MY OPINION
Gold UP Silver UP inflation UP
JOBS GOING GOING GONE...
Americans "We can always tap into our retirement accounts now that all our home equity is gone and our savings are dried up."
Sorry kids no fire works today we need to buy Gasoline...
THE EU Fixing to SMACK the Buck yet again as the EU will most likely raise their interest rates making their EURO more appetizing for investors. as they would most likely abandon the BUCK in order to gain a better interest rate in Europe. the battle to the bottom between competing FIAT monies is something very interesting to watch. This should cause Gold and Silver to Gain yet again, as they have been over the last few days as Federal Reserve Notes become more and more obvious as a BAD investment. Lets face it why would you invest in something that has a GUARANTEED LOSS built in every year since it was created? Gold at 950 very soon and Silver at 18.75 minimum? The premiums on online Gold sell companies like KITCO are already selling their Gold Eagles for 996+ and their 5 NINE Canada for over 1000 per ounce.( Not including shipping. Will it last?
OIL is 145+ per barrell and the Dollar index is at almost down to 72 with the EURO looking hard at 160+. Todays trading is going to be a short day so that America can pretend they are free tomorrow, so watch for high volume on the market and posible big swings and gains and Losses..
IN MY OPINION
Gold UP Silver UP inflation UP
JOBS GOING GOING GONE...
Americans "We can always tap into our retirement accounts now that all our home equity is gone and our savings are dried up."
Sorry kids no fire works today we need to buy Gasoline...
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