The major U.S. equity indices closed mixed Friday after an economic growth report that didn't much help investor sentiment. The nation's GDP rose 2% annual pace during Q3, in line with economist expectations and just 1.7% above the rate in Q2. Strategic Wealth Partners' Tony Zabiegala commented, "Because GDP was so lackluster, we don't see the Fed pumping the brakes." In corporate news, Estee Lauder Cos. Inc. (NYSE:EL) reported a 14% boost to its Q1 net sales from the year-ago period at $2.09 billion. EPS rose 34% year-over-year to $0.95, up from $0.71 in the year-ago period. Net earnings for the quarter rose 36% year-over-year to $191.1 million. The Dow Jones Industrial Average (DJI) closed 0.04% higher at 11,118.49, the S&P500 (INX) closed 0.04% lower at 1,183.26, and the Nasdaq Composite (IXIC) closed 0.00% higher at 2,507.41.
Friday, October 29, 2010
BBC Interviews Adrian Douglas
Bullion Bulls Canada this week did its first Internet radio interview -- with GATA board member Adrian Douglas, who explained how the London gold market each day sells net claims to far more gold than is available to meet those claims and how this creation of vast amounts of paper gold is the primary mechanism of gold price suppression.
Shooting The Sacred Cows of Money - Save Money
Robert Kiyosaki Savers are Losers
Robert Kiyosaki talks about people that are saving money are not going to have money. They system is stealing your wealth. Money is now gold and siver... not the paper currency we currently have.
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