ETFs are Broken

Eric breaks down why the link between commodities and ETFs has broken.

China will buy Tons of Gold and Silver the prices will explode

Gold to the moon | Bill Murphy on KWN Friday, August 28, 2009

Bio - Bill Murphy, Chairman and Director.

Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, lemetropolecafe.com
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Mortgage Delinquencies Reach Record 9.24%

Interview with Mortgage Bankers Association Chief Economist Jay Brinkmann (Bloomberg News)
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BP Announces Giant Oil Discovery In The Gulf Of Mexico

BP finds a giant oil discovery in the gulf of Mexico.
BP has made a giant oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry.
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BP Announces Giant Oil Discovery In The Gulf Of Mexico

WATCH ALSO 2nd VIDEO BELLOW

Australian Dollar Soaring Sept 2nd 2009

Aussie Dollar Gains on Better-than-Expected GDP (Bloomberg News)
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Australian Dollar Near Year High Pound sinking fast

the BP pound is sinking fast the Aussie dollar is near year high ....According to Commerzbank, Bank of England May Be Losing Credibility as Inflation is Beating BOE Targets . Analysis and discussion with Sue Trinh of RBC Capital Markets. She says the Aussie dollar will be well-supported on dips.
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