Wednesday, September 15, 2010

Gold Continues to Hit New Highs

Gold prices hit an intraday high of $1273 per ounce on Wednesday, just below Tuesday's intraday high. Investors continue to flock to gold as a safe haven investment as uncertainty swirls around the market with regard to the health of the global economy.

Gold price near record levels

.Gold Prices on the Rise

Brian Kelleher,gold might see a short-term correction, but long term is headed higher.

NEW YORK (TheStreet) -- Brian Kelleher, senior vice president of ETF Securities, says gold might see a short-term correction, but long term is headed higher.
Wed 09/15/10 13:06 PM EST -- Alix Steel
Stocks in this video: SGOL | PALL | GLD | SIVR | IAU | PPLT

Housing Market to Drop Again?

Airtime: Wed. Sept. 15 2010 | Why the housing sector will fall again, with Steve Eisman, FrontPoint Partners.



Capital One Sees Mild Increase in U.S. Credit Card Defaults

Reuters reports that Capital One (COF) said U.S. credit-card defaults rose marginally in August after four straight months of declines. The credit card issuer said it annualized net charge-off rate, which are debts the company doesn't think it will recover, for U.S. credit cards was 8.19 percent in August, from 8.13 percent in July. The report indicated that this news is a signal that more Americans may be having problems paying their debts. Capital One shares are up 0.03%, or $0.01, to $38.61.

Rich Dad - get rid of the outdated concept of money 8: long-term investment

Rich Dad - get rid of the outdated concept of money 8: long-term investment

Yen hits 15-year high vs dollar

Reuters
September 14, 2010
The dollar hit a 15-year low against the yen on Tuesday, testing Japanese authorities’ resolve to stem the yen’s climb after Prime Minister Naoto Kan won a party leadership vote.

Here are some milestones in the yen’s 138-year history:

1871 – The yen becomes Japan’s currency as part of the Meiji Restoration, which marked the start of Japan’s modernization and opening to the rest of the world. Japan adopts the gold standard.

1949 – After World War Two the dollar’s fixed rate is set at 360 yen via the Bretton Woods system, partly to help stabilize prices in the Japanese economy.
Read Article >>>>

BP CEO Hayward Faces Spill Questions

BP's Hayward Faces Spill Questions
Departing BP CEO Tony Hayward prepared to face UK MPs Wednesday to answer question on the Mexico oil spill. Rupert Nathan from Fat Prophets told CNBC that it will be a fact-finding exercise.

Toon van Beeck, Bearish on Gold

Toon van Beeck, senior industry analyst at IBISWorld, reveals why he thinks gold prices will drop $200 in three years.
Wed 09/15/10 07:00 AM EST -- Alix Steel
Stocks in this video: SGOL | GLD | SIVR | IAU | SLV

Bob Chapman The Confiscation of the Private Retirement plans

Bob Chapman on The Power Hour - 13 Sept 2010

Bob Chapman on The Confiscation of the Private Retirement plans...The Crisis we are in Was Created by design...




Bob Chapman
wrote in the International Forecaster of the 8th of September 2010 :"As that effort moves forward the Fed is just short of two years of zero interest rates, a policy that they cannot easily change. If they raise rates at this juncture or stop increasing money and credit the bottom will fall out of the economy. These are the only methods they have of keeping the system alive. The Fed struggles to keep the ship afloat knowing this may be the last time this Band-Aid solution will work. The bubbles that were created, like in real estate, is in its fifth year of decline. Next will be bonds, the stock market and with them insurance companies and retirement plans. Looking at the scene objectively everything the Fed has thus far done has been a failure. A good part of the public is aware of all this and they seethe with anger. Just consider all the unemployed over 40, who will never have a job again and if they do become employed the wage will be ½ to 1/3 of what they once earned. We get letters every day describing the plight of the average American.

Bailing out the financial system hasn’t worked. The loans and special deals have only covered up the crimes these corporations were involved in and allowed them to escape bankruptcy, which they so richly deserve. There is no other way to describe what has transpired in the financial community than welfare for the mega rich. What is worse is that they go right on looting the public as if nothing has happened.

That brings us to the antithesis, which is gold. "

Gold and Silver Price Explosion - Mike Maloney

Gold & Silver Price Explosion! Metals Leasing & ETF Investment Fraud 'Why Gold & Silver?' Trailer 3


http://www.whygoldandsilver.com Gold and silver are being suppressed by a cabal of banks in order to uphold the charade of a strong US dollar. This manipulation is unsustainable and is coming to an end. Prepare for a scramble to own physical gold & silver as the wheels come off this gross deception. The free market always wins. Please take the time to research this information for yourself. Huge thanks to GATA for their outstanding efforts in making this information public http://www.gata.org. THIS MOVIE WILL BE RELEASED IMMINENTLY. SIGN UP AT http://www.goldsilverdvd.com TO RECEIVE UPDATES ON THE RELEASE DATE. PREPARE FOR A WEAPON OF MASS AWAKENING.

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