Thursday, June 18, 2009
Saturday, June 13, 2009
Friday, June 12, 2009
OMG BUY GOLD, BUY, BUY, BUY!
Gold is on a temporary downswing, down today to $938.60 an ounce. Silver is also a great buy, down today to $14.81 an ounce.
This is due to a phony dollar rally that is occuring.
Why would the U.S. dollar be strengthening? This makes no sense. The Fed is devaluing the dollar faster than chuck norris could kick your head off. But this phony rally is opening up a great opportunity!
Buy gold and silver bullion NOW.
Buy gold and silver mining stocks like DROOY trading at 8.15 a share, and AUY at 9.50.
For more conservative plays, buy GLD & SLV.
I could be wrong, but I sincerely doubt it.
I hope to god that the dollar collapse will not happen, but if history is any judge, it will. And with the leveraging that occurs with gold and silver mining stocks, you could well profit from it, or at the very least, preserve the purchasing power of your savings.
This is due to a phony dollar rally that is occuring.
Why would the U.S. dollar be strengthening? This makes no sense. The Fed is devaluing the dollar faster than chuck norris could kick your head off. But this phony rally is opening up a great opportunity!
Buy gold and silver bullion NOW.
Buy gold and silver mining stocks like DROOY trading at 8.15 a share, and AUY at 9.50.
For more conservative plays, buy GLD & SLV.
I could be wrong, but I sincerely doubt it.
I hope to god that the dollar collapse will not happen, but if history is any judge, it will. And with the leveraging that occurs with gold and silver mining stocks, you could well profit from it, or at the very least, preserve the purchasing power of your savings.
Tuesday, June 2, 2009
Oil stays above $68 as investors eye inflation
Source
SINGAPORE – Oil prices lingered above $68 a barrel Tuesday in Asia after doubling since March on investor expectations that a massive global fiscal stimulus could spark an economic recovery and inflation.
Benchmark crude for July delivery was down 43 cents to $68.15 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange. On Monday, the contract rose $2.27 to settle at $68.58, the highest close since early November.
Investors have been buying commodities, traditionally seen as a hedge against inflation, on worries that this year's huge fiscal and monetary easing around the world could eventually send prices soaring.
"There's a lot of concern about inflation, even talk about hyper-inflation down the road," said Christoffer Moltke-Leth, head of sale trading for Saxo Capital Markets in Singapore. "Oil right now is a freight train barreling upward."
Traders have also been investing in oil on signs the worst of a severe recession in the U.S. is over, and that growth may be picking up in China.
"It looks like the market expects the turnaround is just around the corner," Moltke-Leth said. "But the economy is still deteriorating, just less than before."
Investors will be watching for the weekly petroleum inventory data from the Energy Department's Energy Information Administration on Wednesday for signs crude demand may be growing.
Analysts expect a fall of 2 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. Stocks dropped last week for a third straight week after rising for the previous 10 weeks.
In other Nymex trading, gasoline for June delivery was steady at $1.92 a gallon and heating oil fell 1.15 cents to $1.77 a gallon. Natural gas for June delivery slid 6.5 cents to $4.18 per 1,000 cubic feet.
In London, Brent prices was down 24 cents to $67.73 a barrel on the ICE Futures exchange.
(This version CORRECTS graf 2 to "Monday" sted "Friday")
SINGAPORE – Oil prices lingered above $68 a barrel Tuesday in Asia after doubling since March on investor expectations that a massive global fiscal stimulus could spark an economic recovery and inflation.
Benchmark crude for July delivery was down 43 cents to $68.15 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange. On Monday, the contract rose $2.27 to settle at $68.58, the highest close since early November.
Investors have been buying commodities, traditionally seen as a hedge against inflation, on worries that this year's huge fiscal and monetary easing around the world could eventually send prices soaring.
"There's a lot of concern about inflation, even talk about hyper-inflation down the road," said Christoffer Moltke-Leth, head of sale trading for Saxo Capital Markets in Singapore. "Oil right now is a freight train barreling upward."
Traders have also been investing in oil on signs the worst of a severe recession in the U.S. is over, and that growth may be picking up in China.
"It looks like the market expects the turnaround is just around the corner," Moltke-Leth said. "But the economy is still deteriorating, just less than before."
Investors will be watching for the weekly petroleum inventory data from the Energy Department's Energy Information Administration on Wednesday for signs crude demand may be growing.
Analysts expect a fall of 2 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. Stocks dropped last week for a third straight week after rising for the previous 10 weeks.
In other Nymex trading, gasoline for June delivery was steady at $1.92 a gallon and heating oil fell 1.15 cents to $1.77 a gallon. Natural gas for June delivery slid 6.5 cents to $4.18 per 1,000 cubic feet.
In London, Brent prices was down 24 cents to $67.73 a barrel on the ICE Futures exchange.
(This version CORRECTS graf 2 to "Monday" sted "Friday")
Friday, May 29, 2009
Silver poised for biggest monthly gain in 22 years; gold rises
Silver poised for biggest monthly gain in 22 years; gold rises
May 29, 2009, 11:18 a.m. EST
Silver poised for biggest monthly gain in 22 years; gold rises
By Moming Zhou, MarketWatch
NEW YORK (MarketWatch) -- Silver futures gained more than 2% Friday, heading for their biggest monthly gain in 22 years as inflation worries and hopes for an economic recovery boosted the metal. Gold rose to three-month highs as the dollar slipped.
Silver for July delivery, the most active contract, gained 33 cents, or 2.2%, to $15.49 an ounce on the Comex division of the New York Mercantile Exchange. The front-month June contract stood at $15.42 an ounce.
Meanwhile, gold for June delivery rose $13.40, or 1.4%, to $974.90 an ounce.
Silver gained 25% this month, the biggest since April 1987. The metal has many industrial uses but is also seen as a hedge against a weaker dollar and inflation. In contrast, gold, which has limited industrial uses, has gained less than 10% in the month.
"What you may now seeing is people think we are moving toward a recovery, and maybe we should be less pessimistic about the future of the metal, that may be factoring in the prices," said Jeffery Christian, managing director of New York-based precious metals consultancy CPM Group.
Silver, whose biggest single industrial use is in photography, is also used in medical applications and solar energy devices.
Friday's economic news reinforced economic recovery hopes. The U.S. economy contracted at a revised 5.7% annual rate in the first quarter, a decline that's smaller than the 6.3% drop in the fourth quarter, the Commerce Department reported Friday. See Economic Report.
More volatile
CPM's Christian also pointed out that silver had declined sharply in the second half of last year, when the global economy was entering into a sharp downturn. Its prices had fallen more than the price of gold.
"Silver is playing catch-up to some extent," said Christian.
The silver investment market is traditionally more volatile than gold, because the market is smaller comparing with the gold market.
"The gold market is more participated, involved more money, and more liquid, and it tends to see lower volatility," said Christian. "In silver, you have few people with less money. It's a much more illiquid market and prices are always more volatile than gold."
In exchange-traded fund, iShares Silver Trust ETF has gained 33% this year, following their 40% decline in the second half of last year.
SPDR Gold Trust , meanwhile, has risen 9% this year. It fell 6% in the second half of last year.
In other metals Friday, July copper gained 4.55 cents, or 2.1%, to $2.1825 a pound. The June palladium contract rose $2.20, or 1%, to $234.20 an ounce, while July platinum rose $30.10, or 2.6%, to $1,180 an ounce.
Among metals-sector equities, shares of Barrick Gold Corp. rose 1.2% to $38.51 and South Africa's Gold Fields Ltd. was up 3.1% at $13.49, while Newmont Mining Corp. gained 2.9% to $48.68.
The Amex Gold Bugs Index , which tracks the share prices of major gold companies, rallied 3.6% to 399.57.
Thursday, May 28, 2009
Supreme Court rules police can initiate suspect's questioning
Source
WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Tuesday that police, under certain circumstances, can initiate an interrogation of a suspect without the defendant's lawyer being present.
By a 5-4 vote, the conservative majority overruled a 23-year-old Supreme Court decision that barred the police from initiating questioning after a defendant asserted the right to an attorney at an arraignment or similar proceeding.
The 1986 decision held that once a defendant invoked the right to counsel, only the suspect, and not the police, can initiate the contact.
The ruling was the latest in a recent string by conservative justices expanding the power of police to question suspects, but it does not change the landmark 1966 ruling barring the police from questioning a suspect who invoked the right to remain silent or have a lawyer present.
The decision was a defeat for Jesse Jay Montejo, a Louisiana death row inmate. He was convicted and sentenced to death for the murder of a dry-cleaning operator during a robbery in 2002.
He initially waived his right to a lawyer and was questioned by the police. He told several conflicting stories. Several days later, he appeared in court for a preliminary hearing and a local judge appointed a lawyer to represent Montejo, who could not afford an attorney.
Later that day, police investigators approached Montejo in prison and he again waived his right to a lawyer.
But Montejo later claimed the police had violated his constitutional right to counsel by interrogating him without his lawyer being present and pressuring him to write a letter confessing and apologizing to the victim's wife. That letter was later introduced as evidence against him at his trial.
The Louisiana Supreme Court and then the U.S. Supreme Court rejected Montejo's appeal.
Writing for the court majority, Justice Antonin Scalia said there was little if any chance a defendant will be badgered into waiving the right to have counsel present during police-initiated questioning.
In overruling the 1986 decision, Scalia said, "The considerable adverse effect of this rule upon society's ability to solve crimes and bring criminals to justice far outweighs its capacity to prevent a genuinely coerced agreement to speak without counsel present."
Liberal Justice John Paul Stevens, the author of the 1986 decision, disagreed.
In dissent, Stevens said the dubious benefits of overruling the decision are far outweighed by damage to the rule of law and the integrity of the constitutional right to an attorney.
WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Tuesday that police, under certain circumstances, can initiate an interrogation of a suspect without the defendant's lawyer being present.
By a 5-4 vote, the conservative majority overruled a 23-year-old Supreme Court decision that barred the police from initiating questioning after a defendant asserted the right to an attorney at an arraignment or similar proceeding.
The 1986 decision held that once a defendant invoked the right to counsel, only the suspect, and not the police, can initiate the contact.
The ruling was the latest in a recent string by conservative justices expanding the power of police to question suspects, but it does not change the landmark 1966 ruling barring the police from questioning a suspect who invoked the right to remain silent or have a lawyer present.
The decision was a defeat for Jesse Jay Montejo, a Louisiana death row inmate. He was convicted and sentenced to death for the murder of a dry-cleaning operator during a robbery in 2002.
He initially waived his right to a lawyer and was questioned by the police. He told several conflicting stories. Several days later, he appeared in court for a preliminary hearing and a local judge appointed a lawyer to represent Montejo, who could not afford an attorney.
Later that day, police investigators approached Montejo in prison and he again waived his right to a lawyer.
But Montejo later claimed the police had violated his constitutional right to counsel by interrogating him without his lawyer being present and pressuring him to write a letter confessing and apologizing to the victim's wife. That letter was later introduced as evidence against him at his trial.
The Louisiana Supreme Court and then the U.S. Supreme Court rejected Montejo's appeal.
Writing for the court majority, Justice Antonin Scalia said there was little if any chance a defendant will be badgered into waiving the right to have counsel present during police-initiated questioning.
In overruling the 1986 decision, Scalia said, "The considerable adverse effect of this rule upon society's ability to solve crimes and bring criminals to justice far outweighs its capacity to prevent a genuinely coerced agreement to speak without counsel present."
Liberal Justice John Paul Stevens, the author of the 1986 decision, disagreed.
In dissent, Stevens said the dubious benefits of overruling the decision are far outweighed by damage to the rule of law and the integrity of the constitutional right to an attorney.
U.S. Inflation to Approach Zimbabwe Level, Faber Says
Source
May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
Federal Reserve Bank of Philadelphia President Charles Plosser said on May 21 inflation may rise to 2.5 percent in 2011. That exceeds the central bank officials’ long-run preferred range of 1.7 percent to 2 percent and contrasts with the concerns of some officials and economists that the economic slump may provoke a broad decline in prices.
“There are some concerns of a risk from inflation from all the liquidity injected into the banking system but it’s not an immediate threat right now given all the excess capacity in the U.S. economy,” said David Cohen, head of Asian economic forecasting at Action Economics in Singapore. “I have a little more confidence that the Fed has an exit strategy for draining all the liquidity at the appropriate time.”
Action Economics is predicting inflation of minus 0.4 percent in the U.S. this year, with prices increasing by 1.8 percent and 2 percent in 2010 and 2011, respectively, Cohen said.
Near Zero
The U.S.’s main interest rate may need to stay near zero for several years given the recession’s depth and forecasts that unemployment will reach 9 percent or higher, Glenn Rudebusch, associate director of research at the Federal Reserve Bank of San Francisco, said yesterday.
Members of the rate-setting Federal Open Market Committee have held the federal funds rate, the overnight lending rate between banks, in a range of zero to 0.25 percent since December to revive lending and end the worst recession in 50 years.
The global economy won’t return to the “prosperity” of 2006 and 2007 even as it rebounds from a recession, Faber said.
Equities in the U.S. won’t fall to new lows, helped by increased money supply, he said. Still, global stocks are “rather overbought” and are “not cheap,” Faber added.
Faber still favors Asian stocks relative to U.S. government bonds and said Japanese equities may outperform many other markets over a five-year period. “Of all the regions in the world, Asia is still the most attractive by far,” he said.
Gloom, Doom
Faber, the publisher of the Gloom, Boom & Doom report, said on April 7 stocks could fall as much as 10 percent before resuming gains. The Standard & Poor’s 500 Index has since climbed 9 percent.
Faber, who said he’s adding to his gold investments, advised buying the precious metal at the start of its eight-year rally, when it traded for less than $300 an ounce. The metal topped $1,000 last year and traded at $949.85 an ounce at 12:50 p.m. Hong Kong time. He also told investors to bail out of U.S. stocks a week before the so-called Black Monday crash in 1987, according to his Web site.
May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
Federal Reserve Bank of Philadelphia President Charles Plosser said on May 21 inflation may rise to 2.5 percent in 2011. That exceeds the central bank officials’ long-run preferred range of 1.7 percent to 2 percent and contrasts with the concerns of some officials and economists that the economic slump may provoke a broad decline in prices.
“There are some concerns of a risk from inflation from all the liquidity injected into the banking system but it’s not an immediate threat right now given all the excess capacity in the U.S. economy,” said David Cohen, head of Asian economic forecasting at Action Economics in Singapore. “I have a little more confidence that the Fed has an exit strategy for draining all the liquidity at the appropriate time.”
Action Economics is predicting inflation of minus 0.4 percent in the U.S. this year, with prices increasing by 1.8 percent and 2 percent in 2010 and 2011, respectively, Cohen said.
Near Zero
The U.S.’s main interest rate may need to stay near zero for several years given the recession’s depth and forecasts that unemployment will reach 9 percent or higher, Glenn Rudebusch, associate director of research at the Federal Reserve Bank of San Francisco, said yesterday.
Members of the rate-setting Federal Open Market Committee have held the federal funds rate, the overnight lending rate between banks, in a range of zero to 0.25 percent since December to revive lending and end the worst recession in 50 years.
The global economy won’t return to the “prosperity” of 2006 and 2007 even as it rebounds from a recession, Faber said.
Equities in the U.S. won’t fall to new lows, helped by increased money supply, he said. Still, global stocks are “rather overbought” and are “not cheap,” Faber added.
Faber still favors Asian stocks relative to U.S. government bonds and said Japanese equities may outperform many other markets over a five-year period. “Of all the regions in the world, Asia is still the most attractive by far,” he said.
Gloom, Doom
Faber, the publisher of the Gloom, Boom & Doom report, said on April 7 stocks could fall as much as 10 percent before resuming gains. The Standard & Poor’s 500 Index has since climbed 9 percent.
Faber, who said he’s adding to his gold investments, advised buying the precious metal at the start of its eight-year rally, when it traded for less than $300 an ounce. The metal topped $1,000 last year and traded at $949.85 an ounce at 12:50 p.m. Hong Kong time. He also told investors to bail out of U.S. stocks a week before the so-called Black Monday crash in 1987, according to his Web site.
Wednesday, May 6, 2009
Verse One:
Johnny can't drink 'cause Johnny ain't twenty-one
Yeah but he's eighteen and he's pretty handy with a gun
They sent him off to a foreign land
Gave him a new pair of boots and thirteen grand
And he came back home with American blood on his hands
Verse Two:
But George is a real go-getter and he's running the show
And he should have known better but his old man told him to go
He sits at home with his feet on his desk
While the boys got theirs in the sand
A million miles away with American blood on their hands
Verse Three:
Well Johnny can't walk but the medic said he's okay to fly
And the newspapers tell us he's a hero and hell of a guy
They sent him up to Washington
For a photo op with the smoking gun
He's got Purple Heart and American blood on his hands
Chorus:
Black gold for silver stars
Cold hard cash for armored cars
The brass ain't fighting but they're sure as hell taking a stand
And they'll have to live with American blood on their hands
Verse Four:
Now George stands up on a boat proudly waving a flag
He says the hard part's over and he knew it wouldn't be so bad
The roadside bombs for six long years were never really part of the plan
What's a couple thousand more with American blood on their hands?
Repeat Chorus
Verse Five:
Now Johnny can drink all day 'cause he's twenty-three
He donated his legs to the worldwide land of the free
He cries God Bless America but God Damn Uncle Sam!
While he stares through the tears with American blood on his hands
While he stares through the tears with American blood on his hands
Saturday, April 25, 2009
E-bay store launched!
My ebay store is officially open for business!
THE ZIMBABWE CURRENCY SHOP
Lots of auctions will be posted in the coming weeks!
THE ZIMBABWE CURRENCY SHOP
Lots of auctions will be posted in the coming weeks!
Sunday, April 19, 2009
Sunday, March 22, 2009
AIG bonuses
Who gives a shit about the 168 Million in AIG bonuses.
Stupid zombies are made to concentrate on the bb that hit their foot rather than the bullet that hit their face.
They gave the banksters 6 Trillion Dollars!
168 Million is nothing!
They have engineered this entire thing. And Obama is just another cog in the conspiracy. Were f&&ked.
Stupid zombies are made to concentrate on the bb that hit their foot rather than the bullet that hit their face.
They gave the banksters 6 Trillion Dollars!
168 Million is nothing!
They have engineered this entire thing. And Obama is just another cog in the conspiracy. Were f&&ked.
Thursday, February 5, 2009
I'm a quadrillionaire!
In Zimbabwe that is. And only until I sell off the notes I bought.
The new 10 Trillion Dollar note is out in Zimbabwe! Now that's hyper inflation! Could it happen here in America some day?
If your interesting in purchasing one from me via e-bay, Click Here.
The new 10 Trillion Dollar note is out in Zimbabwe! Now that's hyper inflation! Could it happen here in America some day?
If your interesting in purchasing one from me via e-bay, Click Here.
Friday, January 23, 2009
Stock Update
On December 31st I listed 6 of my favorite stocks for 2009, all of them being related to precious metals mining. Heres an update on their progress:
Agnico-Eagle Mines Ltd. (AEM) is up to $55.75, up $4.00 a share or %7.7
Yamana Gold, Inc.(AUY) is down to $7.50, down $.25 a share or %3.3
DRDGOLD Limited(DROOY) is up to $6.27, up $.74 a share or %13.4
Capital Gold Corp. (CGLD.OB) is up to $.56 a share, up $.16 a share or %40
Entree Gold Inc. (EGI) is up to $.93 a share, up $.05 a share or %5.7
SILVER WHEATON CORP (SLW) is up to $6.87 a share, up $.44 a share or %6.8
Agnico-Eagle Mines Ltd. (AEM) is up to $55.75, up $4.00 a share or %7.7
Yamana Gold, Inc.(AUY) is down to $7.50, down $.25 a share or %3.3
DRDGOLD Limited(DROOY) is up to $6.27, up $.74 a share or %13.4
Capital Gold Corp. (CGLD.OB) is up to $.56 a share, up $.16 a share or %40
Entree Gold Inc. (EGI) is up to $.93 a share, up $.05 a share or %5.7
SILVER WHEATON CORP (SLW) is up to $6.87 a share, up $.44 a share or %6.8
Wednesday, January 14, 2009
Mining Stocks
Gold and Silver spot prices are down quite a bit over these last few days. This is a temporary downswing, and it makes for bargain stock buys in the mining sectors. Here are some of my picks.
Lundin Mining Corp (LMC) @ .98 a share.
HECLA MINING CO (HL) @ 2.11 a share.
IVANHOE MINES LTD (IVN) @ 2.92 a share.
MINCO GOLD CORP (MGH) @ .38 a share.
NOVAGOLD RESOURCES (NG) @ 1.36 a share.
KIMBER RES INC (KBX) @ .50 a share
Teck Cominco Limited (TCK) @ 4.70 a share.
Those are just some of the bargain buys right now in the mining sector. I'm still a believer in my previous favorites mentioned in an earlier post. If I had the money i'd be buying those up faster than you can say hyper inflation. Of course i'm just speculating.
Lundin Mining Corp (LMC) @ .98 a share.
HECLA MINING CO (HL) @ 2.11 a share.
IVANHOE MINES LTD (IVN) @ 2.92 a share.
MINCO GOLD CORP (MGH) @ .38 a share.
NOVAGOLD RESOURCES (NG) @ 1.36 a share.
KIMBER RES INC (KBX) @ .50 a share
Teck Cominco Limited (TCK) @ 4.70 a share.
Those are just some of the bargain buys right now in the mining sector. I'm still a believer in my previous favorites mentioned in an earlier post. If I had the money i'd be buying those up faster than you can say hyper inflation. Of course i'm just speculating.
Thursday, January 8, 2009
Fake Bin Laden Videos
Have you ever analyzed the Bin Laden videos? It's not the same person in each of the videos! Not that the whole video releasing crap wasn't suspicious enough...
Photo Albums Uploaded
I've uploaded tons of old family photographs (like really old.)
Takes you back in time...
Make sure to check them out:
http://houseofthemoon.com/ericson.moum/Main/index.html
Aloha, Andrew--
Takes you back in time...
Make sure to check them out:
http://houseofthemoon.com/ericson.moum/Main/index.html
Aloha, Andrew--
Sunday, January 4, 2009
Free Dr. Pepper
I got my free Dr. Pepper coupon! See this post for details.
If you didn't get yours, it's too late! No peppa 4 u!
Now to find somebody who drinks Dr. Pepper....
Wednesday, December 31, 2008
A hard year around the bend
2009 is going to be a tough year. The banksters are robbing the American people. Our phony economy is collapsing. We still have a mess on our hands in the middle east. And we have a president coming into power who thinks he can make it better with more government. Yes, indeed, we have our work cut out for us.
But if your lucky enough to have some semblance of saved capital, there is one safe investment in my humble opinion. Precious metals. Gold & Silver, to be more specific. From my last post Gold is up $23.80 an ounce to $880.90 and Silver is down a measly 11 cents at $11.05 an ounce. I stick by what I said before, gold and silver are going to skyrocket next year.
Although I believe having physical gold or silver bullion in your possession is the safest investment, i'm going to name 6 stocks I speculate as going significantly higher next year.
Agnico-Eagle Mines Ltd. (AEM) Currently $51.75 a share (12-31-2008)
Yamana Gold, Inc. (AUY) Currently $7.77 a share (12-31-2008)
DRDGOLD Ltd. (DROOY) Currently $5.53 a share (12-31-2008)
Capital Gold Corp. (CGLD.OB) Currently $.40 a share (12-31-2008)
ENTREE GOLD INC (EGI) Currently $.88 a share (12-31-2008)
SILVER WHEATON CORP (SLW) Currently $6.43 a share (12-31-2008)
Have A Great New Years Eve Everyone!
But if your lucky enough to have some semblance of saved capital, there is one safe investment in my humble opinion. Precious metals. Gold & Silver, to be more specific. From my last post Gold is up $23.80 an ounce to $880.90 and Silver is down a measly 11 cents at $11.05 an ounce. I stick by what I said before, gold and silver are going to skyrocket next year.
Although I believe having physical gold or silver bullion in your possession is the safest investment, i'm going to name 6 stocks I speculate as going significantly higher next year.
Have A Great New Years Eve Everyone!
Tuesday, December 16, 2008
Gold, Silver and the Fed
I'm extremely bullish on gold and silver right now. I expect gold and silver prices to rise at least 25% by this time next year, probably more. As I write this gold is up $22.20 an ounce at $857.10, and silver is up $.53 an ounce to $11.16.
So here my prediction, by December 16th 2009 the spot price for an ounce of gold will be up at least 25% to $1,071.38, and silver will be up at least 25% to $13.95 an ounce. That is the minimum I believe those prices will go up in terms of US dollars.
Today the federal reserve cut interest rates to zero. I would say this is the beginning of the end for the US dollar, but it had already begun. Expect inflation to start hitting us hard next year. We could easily see the dollars value drop 25% over the next 12 months.
The word on the street is that the value of gold and silver is being suppressed. Real gold and silver value is supposedly much higher than its current spot price. The high prices in gold and silver bullion, as well as the massive shortages, give credence to the belief that real gold and silver prices are well above spot. Also there is word that the comex will default, which would also play into gold and silver prices skyrocketing
As we start to see double digit inflation of the US dollar I believe we will see a massive move into gold and silver. Supply is fairly low but demand will be very high. The supply factor, coupled with a continually devaluing dollar, will inevitably cause gold and silver prices to skyrocket. Keeping your savings in anything else, dollars, the stock market, or real estate, is far too risky. But gold and silver will be solid hedges against the hyper inflation that will soon destroy the dollar.
I have decided to insert a gold and silver daily spot price gauge into the front page of my website. Precious metals boom here we come!
So here my prediction, by December 16th 2009 the spot price for an ounce of gold will be up at least 25% to $1,071.38, and silver will be up at least 25% to $13.95 an ounce. That is the minimum I believe those prices will go up in terms of US dollars.
Today the federal reserve cut interest rates to zero. I would say this is the beginning of the end for the US dollar, but it had already begun. Expect inflation to start hitting us hard next year. We could easily see the dollars value drop 25% over the next 12 months.
The word on the street is that the value of gold and silver is being suppressed. Real gold and silver value is supposedly much higher than its current spot price. The high prices in gold and silver bullion, as well as the massive shortages, give credence to the belief that real gold and silver prices are well above spot. Also there is word that the comex will default, which would also play into gold and silver prices skyrocketing
As we start to see double digit inflation of the US dollar I believe we will see a massive move into gold and silver. Supply is fairly low but demand will be very high. The supply factor, coupled with a continually devaluing dollar, will inevitably cause gold and silver prices to skyrocket. Keeping your savings in anything else, dollars, the stock market, or real estate, is far too risky. But gold and silver will be solid hedges against the hyper inflation that will soon destroy the dollar.
I have decided to insert a gold and silver daily spot price gauge into the front page of my website. Precious metals boom here we come!
Monday, December 8, 2008
Office Gecko
My new office was blessed with it's first Gecko sighting today. It's still hanging on my blinds, chilling out, pondering whatever it is that geckos ponder.
Tuesday, December 2, 2008
Priceless Pictures
Ahh yes... good times. Digging out the old photos recovered from the storage locker. There are tons of great photos. I'll try and get them all uploaded, slowly but surely. Until then, here is a taster, a photo of my Grandpa Stanley:
Tuesday, November 25, 2008
No Scumbag Left Behind
Patriot Radio News Hour, 11-25-2008
Part 1
Part 2
Part 3
Part 4
In regards to the auto bailout, they said even if you didn't want to buy an american car, your gonna pay for one anyway! Sad but true. Good listening.
Part 1
Part 2
Part 3
Part 4
In regards to the auto bailout, they said even if you didn't want to buy an american car, your gonna pay for one anyway! Sad but true. Good listening.
Saturday, November 22, 2008
Neil Abercrombie - Professional Scumbag
So I just had the displeasure of reading a kiss ass article on Neil Abercrombie in Maui Time Weekly. In it they quote Abercrombie as saying "We gave hundreds of billions of dollars with no oversight to the gangsters and con artists who got us into this mess." In it they mention that, as I already knew, Neil scumbag Abercrombie voted for the bankster bailout.
Later they talk about how he's co-sponsoring an energy independence bill, like that's actually critically important right now. Were not in an energy crisis. There are abundant sources of energy here and abroad. Were in a finacial crisis. Congress and the federal reserve are printing billions faster than you can say hyper-inflation. He should be concentrating his efforts on stopping that and decreasing the scope of big government. Energy independence belongs on the back burner.
He openly admits that we're giving billions to the bankster con-artists with no oversight, and he supports it. Then MauiTime has the nerve to make it look like he's some political hero, calling him "A representative in the truest sense." Disgusting.
Later they talk about how he's co-sponsoring an energy independence bill, like that's actually critically important right now. Were not in an energy crisis. There are abundant sources of energy here and abroad. Were in a finacial crisis. Congress and the federal reserve are printing billions faster than you can say hyper-inflation. He should be concentrating his efforts on stopping that and decreasing the scope of big government. Energy independence belongs on the back burner.
He openly admits that we're giving billions to the bankster con-artists with no oversight, and he supports it. Then MauiTime has the nerve to make it look like he's some political hero, calling him "A representative in the truest sense." Disgusting.
Thursday, November 20, 2008
Get your free soda!
Dr. Pepper is going to give one coupon for a free Dr.Pepper to anyone who requests it! Something about a promise if the Guns N' Roses' record "Chinese Democracy" dropped in 2008. I don't really care why. Ohh and I don't like Dr. Pepper either. But i'll probably try and get my free Dr. Pepper and then give it to somebody.
Source
Source
Sunday, November 16, 2008
100 Billion Dollars
A couple weeks ago I bought a bunch of $100 billion dollar Zimbabwe bank notes and began selling them individually on ebay. Now if your hearing this for the first time you might be thinking, what!? Is that real!? 100,000,000,000 dollars in one note!?
Well yes, it is real. Is it worth anything? Not hardly. When they were first released in Zimbabwe the 100 billion dollar note was worth about 3 eggs. Why? Run away inflation. Some estimates are that inflation in zimbabwe is 4 million percent a year. More realistic estimates are much higher.
But although the notes are worth almost nothing as a medium for exchange, they are fetching a pretty price as collectors items. If your interested in buying one of these notes, here is my ebay site: Click Here
If your interested in reading about the inflation crisis in Zimbabwe, this is a good link: Click Here
Saturday, November 15, 2008
Remodeling
It has begun! I have started the remodeling of my website. It's slow going, as I have neither the patience or html knowledge to do this quickly. But i'm pleased with my progress so far, as minuscule as it may be. In the coming weeks I hope to begin the process of scanning old photographs and letters recovered from the storage locker.
This marks the beginning of my blog! Until next time, Aloha-
This marks the beginning of my blog! Until next time, Aloha-
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