I think it should continue to drop barring any really bad economic news in US or Europe. Look at a monthly chart and the rise had gotten parabolic. 900 to 1000 should be a strong trading range but there is a support level in the 1350 area before ...

If Gold < $1175, Then Cyprus Out Of Eurozone?

lol ! andan. Think we have all been there. Next long term support level I see is ~1270 but it's rather overextended to the down side for now as is. Nothing is really much different from 4 years ago when it was at $900. With no gold standard swill ...

What Are Gold’s Fundamentals ?

The gold standard is as important as buggy whip manufacturing. Yester-centuries best, todays bogus product. Gold without the fear and hype might be around $600. Not much use for it other than the indespensable jewelry.

What Are Gold’s Fundamentals ?

President Harding's budget director in 1921 was Charles Dawes. "Dawes reduced government spending by $1.5 billion his first year as director, a 25% reduction, along with another 25% reduction the following year. In effect, the Government budget was ...

George Soros urges Angela Merkel to consider quitting euro

So we are running out of workers and that causes higher unemployment? Really? Regardless of the age groupings less workers should result in a scramble to hire and a low low unemployment rate. This theory by Matus fails the basic logic test.

A Lot Of People Have The Labor Force Participation Rate Story All Wrong

Very interesting on the gun control in Cyprus. The politicians are safe regardless how bald faced their thefts are. The People there can do nothing. Why does anyone think they want more gun control in the US? It left blacks defenseless against the ...

Cyprus President's Family Transferred Tens Of Millions To London Days Before Deposit Haircuts

The sequestration, as minimal as it is, is the only positive move toward budget rationality. It stills has US spending more than last year. Maybe if we do this for the next ten years we will have some real sensable moves forced on Washington. Like ...

Pros: Dollar Liftoff Ahead

S&P should heed the complaint and accurately rate the governments debt. ohoh

US sues Standard & Poor's over gold rating for subprime

Gotta love those revisions. How can they screw up the original numbers so badly?

U.S. economy adds 157,000 jobs in January

But it does show how there islittle if any fact checking by the media anywhere.

The fraudster who fooled a whole nation: Portuguese media pundit exposed as conman

Why stop with 2 or 16 trillion dollar coins? Why have a debt limit at all? Heck, just give everyone a no limit credit card and forget about it. Can you imagine the results? Demand for stuff would soar. People would be buying Cadilac's while waiting ...

The Treasury Has Already Minted Two Trillion Dollar Coins

Goldman or BoA. Up or down. hmm

6 Reasons Why We Still Bearish On The Euro Targeting 1.27 In Q1? - BofA Merrill

Look at the chart for how large the revisions are. Not too surprizing condsidering it is an estimate from 91 economists. Sort of like throwing darts and taking the average miss.

Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7%

Problem is most people do not know they will be hit. They think it will be the wealthy. And as to leaders yes they willing togo full speed over the cliff. They are calculating not who will be hurt, not the cost, but who will be blamed. With our ...

The EURO Loses its Shackles

My q too piprac -does he mean reversed? Seems a reversal from the eternal 40 b / month QE would rate more of a story. Maybe the source for this story was the janitor or a waitress from a cafe around the corner.

Fed's Fisher Says Fed Has Reserved On Dramatic Path Of Monetary Accomodation

Good point Rknigh2. Looks like the lawyers will be the winners again.

Billions in bearer bonds could be lost due to Hurricane Sandy

Maybe California missed reporting some again Dr. Zain. lol Everything has been manipulated to make O look good for the last 5 years (that includes the year of the first campaigning) with four more to go. Between closures, layoffs, and replacing full ...

U.S. Unemployment Insurance Weekly Claims Report

Perhaps this is a market that should not be traded at all by anyone other than the utilities needing or providing the power. As to punishment how about a lifetime loss of license to work for any financial company in addition to the fines.

'I totally f***** with the Palo market today': Damning emails of Barclays traders

If BHO wins we continue with the insane fiscal policies and no budgets so gold is likely to jump up. A Romney win will calm the markets, bring experienced fiscal control, and gold might quickly drop to 1500. Eventually gold should drop to 600.

Billionaire Frank Giustra: Gold Is The Mother Of All Bubbles, Which Is Why You Should Buy It

This article gave me a headache. So much dribble trying to walk on both sides of the fence. He says the first stimulus should have been bigger which would have been more wasteful. Out of the 850 billion there was still 300 billion not spent about ...

As Global Economy Sags, Political Leaders Are AWOL