Friday, February 4, 2011

The world is turning to Gold and Silver

POLITICAL & ECONOMIC CHAOS The world is turning to Gold and Silver , Marc Faber said recently that if the world were to go back to a gold standard, the price of gold would need to be around $1000000\oz.



Buy metal, even if you change bills into nickels it screws the fed while keeping you money safe in the value of the metal which is worth more than the coin. The added bonus of everyone changing bills into nickels is that he fed will have to borrow money to buy more nickel and mint more coins, this increases inflation on two fronts. BUY METAL!!!!Rumors of the "new world currency" that will replace the failing dollar will be gold/silver/commodity backed, and any sudden "crisis" could see it ushered in overnight. A COMEX default/collapse due to no silver in their vaults, China dumping US debt, etc.....could be the "crisis". Greenspan promoting "gold-backed" currency. Also rumors of abolishing the Fed Reserve, as they will be blamed for the "crisis". Buy Silver...

Whats Moving the Markets

Feb. 4 2011 | Despite jobs report, economic news is stronger than expected and the market reacts accordingly, reports CNBC's Bob Pisani. Also, David Faber and Gary Kaminsky takes a look at a surprising rise in average hourly wages and other economic topics, with David Stockman, former Reagan OMB director.

Ted Butler : JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling

Ted Butler : No one knows for sure. It comes down to how much additional long liquidation the big shorts can engineer. We are still above all the critical moving averages, so there does exist the possibility we could go lower to get the technical funds completely flushed out. For sure, if we do go lower, it will be because JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling and not for any other reason. But there has been significant liquidation already, so it is just as possible it could be done or nearly so. Certainly there is nothing in the real world of silver that would account for further selling.
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